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I have no idea about the particular technology you mention, but your implication is dubious no matter what it is.
What we can do has been governed closely for a few millennial, it's not remotely like being free.
Government invested in and then abandoned some great technology and that's the fault of restricted individuals?
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...just thought of another way bitcoin might get destroyed...
What if Satoshi isn't gone... What if he is here, working on the protocol, client or a BTC business in our midst...and holds a few million Bitcoins...and we all realized our efforts at promoting bitcoin were only serving to keep the price up while he sold his coins....
Please note, there is no fact here...there is nothing to suggest this is true.
Well.. if it is going up insanely fast while Satoshi is unloading it'll really get interesting when he's finished. |
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Not really, it's totally different things. It could be that there is currently one untaken offer to buy 1BTC for $7.20 and no others whatsoever, or there could be an incredible depth above $7, both would show the same "market cap" but it would be very safe to hold coins in the latter situation. You can't predict the effect this would have on the market based on current depth because their entry into the Bitcoin economy would change that depth. If a business the size of Megaupload started using Bitcoin a lot of people who don't have bitcoins now would need to buy them. A the same time Megaupload would need to sell bitcoins to pay its fiat expenses (either itself or through a service like Bit-Pay). Depending on other factors this could either increase or decrease the exchange rate but that doesn't matter. More Bitcoin commerce is better regardless of what effect it has on the exchange rate. That's pretty much my point. You can't tell easily what size/type of business can 'fit' in bitcoin now and you can't tell the effect. Though I am quite confident that someone trying to jam 70 million dollars into bitcoin and/or opening up a huge market would have a positive influence of the price, I just have no idea by how much. |
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I don't have tips for destroying Bitcoin, but if you want to destroy a bitcoin send to 1BitcoinEaterAddressDontSendf59kuE.
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hey freemoney i just noticed, is your avatar banksy? i <3 him.
yes <3 bansky |
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Id love to see a tournament that caters to Australian Time Zones ( GMT +8 ). Freef rolls and the 1/2 hour are good for now though  Ideal time for you would be Aus evening? |
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Sooo.. any plans for getting some new tournaments setup? One tourny a week just ain't cuttin' it!  Yes, bigger tournaments soon for sure. There is the Nightly which is 525 chips and the midnight rebuy which is 100 chips per rebuy too. |
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Got mine too, didn't take that long really.
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There is one small detail. The article mentions: ... The U.S. Department of Justice has already seized $67 million. ... and the market cap of bitcoin is just under $70 million. For bitcoin to work in Kim Dotcom's case one needs a bitcoin market cap more in the range of say USD 70 billion and a corresponding price for 1 BTC of say USD 7200 at least. How do you come to these random figures? A market cap of $67million can be converted unlimited times across this market cap if the BTC gets sold for USD and bought and sold and bought. As long buyers continue to buy he would be able to continue to convert to fiat which is obviously the goal for him after receiving BTC. Exactly. MV=PQ Not really, it's totally different things. It could be that there is currently one untaken offer to buy 1BTC for $7.20 and no others whatsoever, or there could be an incredible depth above $7, both would show the same "market cap" but it would be very safe to hold coins in the latter situation. |
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I see what you mean.
You can always abandon the invoice, back up, enter 1 BTC, and resubmit.
I did. Do you know how long till I should get an email? It would be cool if they displayed how many and how much they received via bitcoin. |
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There is one small detail. The article mentions: ... The U.S. Department of Justice has already seized $67 million. ... and the market cap of bitcoin is just under $70 million. For bitcoin to work in Kim Dotcom's case one needs a bitcoin market cap more in the range of say USD 70 billion and a corresponding price for 1 BTC of say USD 7200 at least. 1000x is a ridiculously high requirement. I think 10x is plenty if the chance that you want to exchange rapidly to legacy money is low, which it would be for someone worried about having it all seized. 1x is actually pretty close to where it needs to be imo to start making the move considering the amount that you would expand it by yourself and the outside demand that would likely follow the example. |
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I selected bitcoin and entered 1 for amount since I read that was what you needed to get the extra game. On the next screen it said to donate $5 more to gain access to extra content. So I assumed the blank meant "dollars worth of bitcoin". So I made it 6 and now it goes to the bit-pay screen asking for 6BTC. Someone who has their ear ought get them to clarify what is going on from the very first screen.
edit: also, very awesome
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Can I ask how you guys make money? Are you losing money at this point in time or breaking even or making a profit?
We take a rake from cash games and there is a fee on tournaments. Income is variable, but we consistently cover expenses and promos. |
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Can I ask how you guys make money? Are you losing money at this point in time or breaking even or making a profit?
Just want to see you succeed thats all.
Been playing for a week now and have had no problems.
Well for some reason the lobby isn't loading right now, and I'm getting teh seals with clubs logo.. but I'm thinking its maintenence or something.
No maintenance happening now. Did it work after a reload? Working fine when I test and no other complaints. If the reload doesn't work try clearing browser cache, closing browser and try again. |
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from @KimDotcom Megabox is coming within the next 4-6 months. We are making good progress. This innovation is going to make a lot of people happy! from @coinlab to @KimDotcom We can make a custom-branded MegaBox bitcoin-mining client. Your customers can earn songs with their idle computers. Emailed you Something very interesting is about to happen  Ugh, that's such a terrible model. Already CPUs and random GPUs can't make much, and it sets people up to think Bitcoin is a thing that slows down your computer and doesn't actually get you anything valuable inside of a decade. |
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'That will become a widely accepted currency working in parallel with other banks currencies'
Only this, and probably 'That will become the #1 currency that will replace/destroy bank industries'
The underground economy is huge now when it is extremely limited by using paper issued by governments in place of money. Bitcoin certainly has a chance at growing the underground economy by a lot. |
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This is, I think, a big deal. As traditional online payment processors pull away from stuff like this, it's going to leave a pretty big hole for new payment processors to come in a fill, and what better to fill it than an unseizable, potentially anonymous, purely digital, distributed currency.
You think Bitcoin is the answer? But what about mountain hours? |
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I noticed something very ironic about the Bitcoin market. Yesterday, when there was no depth, nothing happened. Indeed, there were more sellers than buyers. I thought it would hit $8 almost instantly, given that there was almost nothing in the way, but nope. Today, there are walls, and the market has gone into what I call "wall-eating mode" again. In the last few hours, buys outnumber sells by a factor of 7, and 8500 BTC of that formidable wall has been eaten. Yesterday I was feeling very bearish after it went nowhere, but today I am feeling better, even though we are trapped under 7.1.
Perhaps it's better to have walls.
I think it is just that anyone paying attention knows there was 20-40k that kept popping on and off, but does actually sell some. When the price broke through we didn't know if those coins would pop up at 7.50 or 7.00 or even lower so there was hesitancy. Now we know (for now). And 7.10 isn't a bad price since we did hit 7.25 so it gets a good amount of action. |
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If you're into Bitcoin, you need to have a Bitcoin address publicly associated with you.
Why? It's not dignified for a cobbler to walk around barefoot. You don't have to agree of course, but I just dislike these threads popping up putting to ridicule this important piece of Bitcoin culture. I'm genuinely curious about your reasoning and not set against anything. It just looks like solicitation to me, especially in a place where it can't be construed as spreading bitcoin exposure. I don't think 'ridicule' really captures what is going on here. But even if it was there is a huge gulf of positions between ridicule and "everyone needs a public address" and while I currently hold a middling position I'm curious about that view. |
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