Who the fuck spends that much on a domain name just to troll people? LOL  .... Oh wait, that's exactly the sort of thing I'd do if I had the money. What is it, like $7 dollars or something to register a domain and a buck a month to host it?  |
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Bitcoin is over 15 years old.
ConspiracyMonger.
Well, in a way Bitcoin is over 15 years old if you consider the building blocks of bitcoin like Hashcash and Wei Dai's original concept. Yes, and that Satoshi commented on both of them and had the concept of bitcoin close to perfected back in 98 when he was discussing it with Adam Back and Wei Dai. Is there record of him on the mailing list or usenet as far back as 98? Or did he just discuss the concepts with them years after the fact? |
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My prediction is that the coins will sell for 20% below market rate. Because the coins are being sold in such large blocks, there will be very few bidders. It's a buyers' market, for those who have a million bucks or more to spend.
But at least one of the bidders is going to be a syndicate of many smaller bidders wrapped up in to one. So the money will be there. I'd imagine there will be some decent bid action. |
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I live in SE Asia. The best advice is to post your current and next location occasionally so people can help out.
Thailand and Singapore are easy. Cambodia seems to have the worst pricing in the world.
How does Cambodia have the worst pricing? Last time I was there it was pretty cheap. A dollar here a dollar there. 50c beer ect. |
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I can see people are taking the pirateat40 model.
For any newbies, pirateat40 had a ponzi scheme, which first started off him trying to day trade the funds to get the 7% he was offering.
I don't think it's fair to compare 5% per year with the 7% per week Pirateat40 offered at Bitcoin Saving and Trust. It is the same model, you do realize that. How so? This bank is loaning out leverage to people with the deposited btc is it not? Pirate didn't do anything of the sort. |
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I personally like waiting for sales on Steam rather than pirating. $2-$7.50 dollar games is pretty good and a viable alternative imo.
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The miners would not sell on lose, at least the smarter ones, so we know that most of the miners are holding at least half of the mined coins for an eventual bubble.
If they are smart, they would have known it would be cheaper to buy coin directly rather than to mine for it. Miners are miners, not neceserly investors. Many miners confuse profit from speculation with profit from mining. "If BTC goes down such that mining is unprofitable, we can hold the mined coins until it goes back up" is heard often. But this is illogical. Shut off the miners at that point and simply buy the coins you would have mined. You will pay less than it costs to run the miners. This will also serve to prop up the market such that the mining profitability point will serve as massive support line. It's funny because people have been saying this for around four years at this point. But it's something that people just don't want to hear. The idea of mining for profit is very attractive to certain people and if they can do it, despite whether or not they would be better off just buying, they just do. |
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If someone "invests" their money in a Ponzi, knowing it's a Ponzi scheme from the beginning is definitely unethical in my opinion. Knowing that there are some people unaware of the nature of the Ponzi and that those people will very likely lose their money, does this make taking advantage of the scheme wrong? Or is everything fair game, buyer beware, every man for themselves ect. ?
Yeah, it's definitely wrong. How about altcoins? There are lots of people who purely play them in a "pump and dump" sense. Unethical too? One major difference is there is always a chance that the altcoin in question does infact succeed like bitcoin. But 99% of the these coins are destined to fade away and leave people holding the bag. Clearly a different situation, but some similarities. Ethical or not? |
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LOL, suarez banned 4 months from football activity (poor liverpool) and can't play for uruguay in next 9 international matches (bye bye world cup for suarez) maybe The Walking Dead producers should cast him for zombie roles What does everyone think about the ban? Too long? Too short? Just right? Personally I think it's good. I can not stand the fact that this idiot is running around the pitch BITING people. I mean, seriously! I was expecting long ban but I think he got really short ban it must be atleast 1 year ban. He did intentionally and it is not good for sportsmen. Yeah. I wouldn't have minded seeing a year ban. He basically deserves whatever is coming to him after the crap he's pulled over the years. |
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When in Thailand open an account at Bangkok Bank or Kasikorn Bank and have people on local bitcoins send you baht directly to your account instantly.
Thanks for the tip! So anyone can get a bank account in Thailand? So far I've not managed to find any bitcoin places in southeast Asia  Even an ATM in George Town, Malaysia, was removed long ago Currently in Sumatra, Indonesia, and any tips for places here would be appreciated  I don't know about Bangkok Bank but Kasikorn is the most popular bank with foreigners I think. They might require at least a tourist visa, not sure. But anyone can open one with their passport as ID if they have a visa for sure. Not sure about visa exempt status though, probably can still open an account but I'm not sure. |
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i remember a guy with the screen name 'genjix' preached bitcoin to a community of poker players back in 2010, encouraging them to invest. nobody took him seriously, including me. fuck me.
Two plus two forum? He might have been the first to post it on that forum if that's what you're talking about. Also they've had a long running thread on bitcoin since early 2011 where several people have become wealthy through investing in bitcoin. |
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Question,
During the Newsweek Dorian nonsense, I heard that one of Satoshi's old accounts was logged onto and he said that Dorian was not him.
Was there any verification that this was or was not Satoshi, just curious because if there was a good reason that it was him then at least he's still around.
It was semi-verified by the site admin. Not 100% without Satoshi signing a message with his pgp/gpg key. But it was most likely him posting that. |
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I see the clean folks of the Tea Party as Bitcoin and Dogecoin is the Occupy Wall St. of coins.
Thoughts?
dogecoin is dead, they have no meaning.. this could be said about every single alt coin released though. How so? There are tons of altcoins that offer innovative technology. How does new tech have no meaning? |
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If someone "invests" their money in a Ponzi such as Pirateat40's infamous Bitcoin Savings and Trust, knowing that it's a Ponzi scheme from the beginning but hoping to get their money out before it fails and make a profit, is what they are doing ethical or not?
Knowing that there are some people unaware of the nature of the Ponzi and that those people will very likely lose their money, does this make taking advantage of the scheme wrong? Or is everything fair game, buyer beware, every man for themselves ect. ?
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I can see people are taking the pirateat40 model.
For any newbies, pirateat40 had a ponzi scheme, which first started off him trying to day trade the funds to get the 7% he was offering.
I don't think it's fair to compare 5% per year with the 7% per week Pirateat40 offered at Bitcoin Saving and Trust. |
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Miners have operating costs (in addition to hardware amortization costs) . Small miners can cover them out of their income or savings, but professional miners cannot do this and they will sell at least the portion that is needed to cover their expenses on a regular basis. When difficulty rises and price does not match this rise, profit margins decrease and thus more has to be sold than before.
While 3600 BTC/day is largely inelastic, with the advent of ASICs we have experienced the last great technology jump we will have for a long time and pushed profit margins to heights unimaginable, which has lead to a supply shock because miners began hoarding that which has previously flown to the market. This is of course unwinding now.
Here is a a chart with the daily percentage growth of hashrate, which indirectly is indicative of the state of margin profits in the recent past. You can observe that it has been steadily decreasing since ASICs were widely introduced (even before bubble pop).
In short, mining is a business and it is not the business of price speculation.
Good analysis. I am quite surprise some of the BTC mining farm didn't go bust when the capital depreciation cost and operation cost is higher than what they mine. I think lots of miners have gone bust so to speak. Lots of people have been forced out of the mining market in the last year. |
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The one thing that specifically gets my attention is the mention of the two developers other than Gavin not touching the protocol code for political reasons.
Can anyone elaborate on this at all? Thanks.
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I guess I'll register my prediction now. 5% over market rate at the time of the auction on average for all the lots on the auction block.
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In another thread on here people were talking about hedging bitcoin with derivatives and it made me wonder what sort of effect they would have on bitcoin if we had a robust market for those types of financial instruments.
What do you think?
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Hi,
I'm not really familiar with any of what you're talking about but I think you might have posted in the wrong subforum.
Perhaps the Alternate Cryptocurrencies subforum would be better suited for this post?
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