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here's my favorite:
Roger: "If you Love Liberty, you should Love Bitcoin."
THAT should become the new Bitcoin Slogan.
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Roger, that was beautiful.  no memorized pithy phrases. no stumbling, no hesitation. clear logical thought with an excellent understanding of the underlying technology and its benefits. the right balance btwn optimism and reality. you are also unique in that you are a proven businessman with a solid business who's going to be successful with or without Bitcoin. you have no hidden agenda except a philosophical support for a new, fair, and revolutionary monetary system. seriously Roger, the community needs you to step up and become the new spokesperson. cypherdoc |
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bummer, can't get it to play  |
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Listening to you right now. Awesome! And to the people that would say, "a currency should be backed by gold, etc", are dreaming a hell of a lot more than what is requiered to believe in Bitcoin. No currency from here on out will EVER be backed by gold again. perdiod. And if it were then those that actually control the gold would still have just as much ability to manipulate its vale as they do now.... are u listening live right now? i'm not getting any live link. |
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Mark will increase your btc withdrawal limits to whatever you wish it to be. you just have to ask him and be verified.
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we trust your judgment and understanding of Bitcoin, Roger. go get 'em!
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from the paper: "We think that if Bitcoin really succeeds the costs of relaying transactions will be very high and that this may cause “regular” non-mining nodes not to relay information (except for sending out transactions that they themselves initiated)."
i disagree. i leave 4 separate clients open and i don't even mine. i do it for philosophical reasons to "help" the network. doesn't cost me anything.
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I have been studying the mobile payment systems that are currently being introduced and are on the horizon for a few weeks now.
what painfully becomes obvious within a few minutes of looking at this issue is how every Tom, Dick, and Harry middleman is racing to get in btwn the payer and seller while at the same time introducing their "fee" into the tx. you name the system; NFC, Square, Paypal, Starbucks in house system, whatever, you'll find a credit card company, a POS vendor, a bank, a telecom trying to insert themselves into the system.
we all know mobile payments is the wave of the future. Bitcoin can clearly offer far superior services and lower fees, not to mention simplicity, to all digital mobile tx's.
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Even though it's true, I don't much like the idea of emphasizing the "shady" properties of bitcoin (tax dodging, money laundering, purchasing illegal drugs, etc.)
Doing so just seems like it would just invite the wrong kind of attention from the government, and gives them fuel with which to go after bitcoin. Not that there's much interest from political types at this point, but I could see them a few years down the road pointing to this interview and saying "see, it's a tool for tax dodgers and criminals, even it's proponents admit it!"
Seems bitcoin has enough other positive properties (non-reversible, anonymous, worldwide, etc.) that emphasizing the illegal uses isn't really necessary.
+1 |
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You cant drive price down without driving it up first. The idea is ludicrous "lets buy a million bitcoin so we can sell them later and crash the exchange rate ". Yeah that works  but they could use 5:1 leverage on Bitcoinica. i've always been against short selling BTC at such a young stage. too vulnerable. |
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He's not doing a very good job if he's letting us know in advance...
some ppl just can't help attracting attention to themselves. i would take this guy seriously. this has always been my contention. |
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as the stock mkt moves into the green, the cognitive dissonance is thunderous.
you heard it here first. and it was over a month ago.
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i don't blame him for what he was doing with the futures contracts. he was taking delivery from the Comex which is contributing to pressure on supplies.
it was part of a diversified strategy.
OTOH, i think pm's and the miners are on the precipice.
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i've written a piece on the juniors in my forum. (shameless ad, don't bother going there if you don't want to subscribe)  |
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i won't add anything here that has not already been said but i agree i think their conclusions are wrong. once a buyer signs coins over to the seller the tx is broadcast to the entire network, not just miners.
the seller then has every incentive to get that tx confirmed into his wallet asap so will gladly propagate the tx. don't forget miners are just pools of self interested and usually Bitcoin advocates so if any mining pool started some shenanigans that could jeopardize the network i'm sure the individuals would pull out immediately.
the glaring thing about the paper is that it totally ignores human behavior and mass psychology. the authors don't realize that most of the networks participants have an allegiance to the Bitcoin philosophy and will do anything to protect it.
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I disagree on nearly all points. Gold is not rallying, stocks are not floundering. I am long a small position in a miner, as well as physical gold, but I consider both to be a hold at best.
i totally agree. i put up some very illuminating charts illustrating this on my website. |
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I skimmed through the website. You say interest rates in the US will definitely only go up from here and at the same time it is a good time to buy a house?... you mean not as an investment but because mortgages are cheap and so it's good if you want to be a home-owner? Well, they are also much harder to get, no?
Matthew, you inspired me to start a Daily Blog on my site as Melbustus suggested. take a look if you get a chance. |
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I skimmed through the website. You say interest rates in the US will definitely only go up from here and at the same time it is a good time to buy a house?... you mean not as an investment but because mortgages are cheap and so it's good if you want to be a home-owner? Well, they are also much harder to get, no?
well nothing is definite, Matthew. but i do think interest rates look to me to have bottomed, at least for awhile, as the sovereign debt selloff is leaking into UST's as we speak. this is a great website to check mortgage rates: http://www.bankrate.com/funnel/graph/ http://www.bankrate.com/funnel/graph/as to whether or not its a good time to buy a house, thats debatable. there is data suggesting we've hit a bottom but alot depends on your outlook of where we're heading as a nation in the long term and there are plenty of conflicting winds on that. |
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No. i'm just seeing that the best opportunities right now lie outside Bitcoin. Bitcoin is a longterm investment that i've tucked away.
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