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didn't doge coin already go to moon?
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the sort of people BTC attracts and got it early on, and did not somehow loose keys, get scammed and Hodl till now, are likely self selecting for , smart, anon, quiet, resilient, not easily trolled types, scammed types.
They probably understand they not only gain nothing from being flagrant with their wealth, except paining increasingly large targets on their back from well...take a pick.
satoshi lead the way in this.....and most that hodl on will continue to self select. They are by and large not the type that will get much lasting gratification from ostentatious displays of wealth, but meaningful achievement, in stewardship of something better.
It just they way they would be wired.
Of course there will be outliers, but in the main I think this how it is.
I hodl my ubtc horde in hope.....
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Doge's primary advantage is you can buy 100 quite cheaply, and tip some on 10 does not cost much, and this will last for some time, thus encouraging uptake, because the masses undertand 1 coin / 100 coin, and 1000 makes them feel they have something. This could see doge go to 1c and $1 a coin.
However the true leader here is PeerCoin.
LTC/DOGE/BTC/NXT/Mastercoin/almost every other coin are all focused on retail or being the pocket knife solution for everything, where only a small portion of the wealth is. The Big value is in appreciating assets, backbone currency transactions, store of wealth, houses, currency swaps, forex. Only PeerCoin has this explicit goal and is achieving it. Banks and people want a clean, unadulterated solution when they store their wealth.
Watch PeerCoin as it goes to N#1 or 2#.
with your 41K I would diversify, BTC, LTC, DOGE, PeerCoin, NXT.
Buy and equal percentage of the entire market in each then buy whatever you want in any. that way you will always hold equal power in each market and gain as it achieves is position in the same proportion
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its pronounced "hodling" not "hording"
it could be hoadring |
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it may, in the short term, but I think the EFT trust risks becoming a sort of myspace (kinda ironic) because as apps get better for handeling BTC until the killer app come thought, why would you use and EFT?
Further the BTC in the EFT are always less secure as they are amenable to court orders.
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I follow the advice of "know what you are investing in" and don't blindly trust brokers to "advise" you.
Suze Orman/Dave Ramsey are decent free places to begin to learn about money (they are very conservative, it's doubtful either of them will ever say "invest in bitcoin") .
Most of the Economists that I respect and follow don't understand bitcoin.
It's going to be awhile before we get those perfectly blended specialists.
Suze Orman is a lesbian. How conservative can she be? Dave Ramsey is conservative, but I remember him advising people to use a mneymarket account rather than a checking account. This burned a few people in 2008 when Lheman Brothers failed. It would have burned a heluva lot more if not for the bail-outs. The guy also has gone nakrupt in the past and advises people to pay off all debt, starting with the smallest, regardless of the interest rate. Debt free makes no sense when bitcoin goes up about 10000%/ year, inflation is running three percent and my mortgage interest rate is 4.5%. If I had followed his advice, I would have sold all my bitcoin to pay off loans and I'd have a net worth of about 20 grand instead of....much much more than that. I thought being a lesbian was conservative these days, in any event what has one sexual preference got to do with conservatism in economics? |
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Bitcoin is just backed by dreams and it is “only worth what people are willing to pay” everything worth what people is willing to pay, even the fking dollar! economy 101!!! bitcoins are no different from money or gold except for the physical thing And that is why bitcoin is like any other currency, and Why i think it will succeed, as long as people still want to buy it. no everything is worth what people *can* pay for it and this is limited by state money supply.... until now....! |
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we can only dream of such things, can you imagine the amount of cash that would flood into buy!!!
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I really wonder how all that transaction mechanics works on the stocks for BTC, in terms of real money availability on stocks' balance. According to this site current "bictoin capitalization" is around 11,2 billion $ http://www.coinometrics.com/bitcoin/bmixand current amount of btc existing is 12,2 millions But we understand, that "capitalization" is oversimplified model, basically calculated as [current value per bitcoin ($/btc) multiplied by the number of bitcoins in circulation]It's nice to think in terms of "that huge amount of money" but it's just the stock, and price is fully depends on the supply/demand, as example On 5th of december, selling ~200 000 bitcoins (2% of total) on btc-e caused price drop from 1068 to 556 in 3 days (by 50%). We might add there other stocks, as ~175k for bitstamp and ~200k on gox, it's still aboout 5,5% of all volume. That's how fast wealth disappearing. Now, the most interesting question for me - is how much money was invested into btc by now? It's certainly not 11,2 billions, nor it's 5 billions. Sum must be way, way less. Most of these sums must be stored on main stocks (btistamp, gox, btc-e, okcoin/huobi?), who performed transaction operations. //assuming, that people not cashed out to fiat// And in the end, that sum will determine how much btc you can sell, without going price to zero. Because if one (or several guys) wants to liquidate his BTC holdings, if sum will be big enough, there just wouldn't be enough demand ($) in stock balance to buy even at low levels (and deposit takes several hours), and that will crash price to zero. Having approximate amount of all cash invested to btc, which are in stocks now, might allow us to predict how much % btc will be required to completely crash the market. Sure we can't predict how much support (buying power) will be waiting on $100 mark, but in the end, it's all about current cash on stock balance - if potential buyer don't have much cash his order will be filled up and price will drops further. If we have some figures about stock balance funds, we can create approximation scenarios (like 1kk btc to be bought at $100 before cash ends and drops further, etc). Is there any way to obtain something like that?
I mean all stocks are legal organisations and must provide some finance reports to the govt (and at least partly these reports are open to public).P.S. in before "who the hell will liquidate all his holdings at one day" stuff - scenario might happen if several major holders (up to I dunno, 1kk BTC?) will liquidate their positions at once for whatever reasons. I don' really see the problem here. As all companies are valued in the same way, and a market cap has a sort of acid/base buffer system in it, people rush in to buy if it goes don to low, and seel when it goes up to take profits, so it's ok. Of course look at volume as well. The Cardinal difference between the BTC market cap and say Apple Market cap, it BTC's is infinitely respendable. Eg that BTC buying power does not disappear when I pass it on to someone, like cash. An apple share however can not be used in this way, it can only be swapped again within its share market. So that means there is circa 10 billon of buy power on the table all the time that is not diminished. This inchoate property of a currency, is what often makes people give discounts for cash. Cash is infinitely transmutable to the need you have. |
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theres no such thing as manipulation, only price discovery
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So what the chance we may seem some sort of emergent AI come out of block chain and the ability to execute programs on chains....btc/nxt/etherium.
Nothing is impossible, however, I think the chances are as close to zero as you can get without actually being zero. But for all we know, Satoshi is an AI and Bitcoin was it's first creation.  Yes....<tinfoil hat on> that had occurred to me AI satoshi as well as other possibilities </tinfoil hat off> |
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Conference, Alpha Testnet and Fundraiser Updates
January 29, 2014 - By Team
Ethereum received an incredible response at the Miami Bitcoin Conference. We traveled there anticipating many technical questions as well as a philosophical discussion about the purpose of Ethereum; however, the overwhelming amount of interest and enthusiasm for the project was much larger than we had anticipated. Vitalik’s presentation was met with both a standing ovation and a question queue that took hours to address.
Because we intend on providing an equal opportunity to all those who want to be involved, and are reviewing the relevant logistical and regulatory issues for a fundraiser of this scale, we have decided to postpone the Feb 1 launch of the fundraiser. We will make the announcement of the new fundraiser launch date on our official website: Ethereum.org.
The Ethereum project is also excited to announce the alpha release of the open source testnet client to the community at the beginning of February. This will give people an opportunity to get involved with the project and experiment with Ethereum scripts and contracts, and gain a better understanding of the technical properties of the Ethereum platform. Launching the testnet at this date will give those interested in the fundraiser a chance to better understand what the Ethereum project is about before participating.
The testnet will include full support for sending and receiving transactions, the initial version of the scripting language as described in our whitepaper, and may or may not include mining. This will also be the first major cryptocurrency project to have two official clients released at the same time, with one written in C++ and the other in Go; a Python client is also in the works. A compiler from the Ethereum CLL to Ethereum script will be released very soon.
A note on security
The fundraiser will NOT be launching on February 1st and any attempt to collect funds at this time should be considered a scam. There have been some scams in the forums thus please use caution and only consider information posted on Ethereum.org to be legitimate. It is important to reinforce to all that only information released and posted at Ethereum.org should be trusted as many are likely to impersonate us.
This appears wise. to postpone the fundraiser. |
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paying with pay pal for in a BTC forum......
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"Buy a pre-built SD card, PLUG IT IN to your Raspberry Pi, TURN IT ON, enter your passphrase... DONE"
can you explain this.
buy from you?
I read Initial distribution by registering the UNIQUE Raspberry Pi serial number to a UNIQUE Bitcointalk user (via prepared custom Pi IMG, delivered February 14th)
so this mean we need to img this to the existing SD or to USB?
(Im not familair with Rpi, and assume you could boot an rus os from usb as well)
or do you mean some standard os that comes with the RPi?
I don't see how this works, as in you are providing a pregonfiged os???
If I choose to img, what size sd do I need?
can i get a larger sd than 8gb, is there any point?
do you envisage the rpi will have enough horse power spare to run pinx in the background?
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an AI researcher I met some years ago was last week bought out by google for 400M$. they seem to want to integrate the engine into the search product, although I doubt Google is going to get better. I know the scene pretty well, and much of is techno-babble. combine that with bitcoin you get techno-babble^². I see rather the emergence of pseudo-religious techno-cult, deeply a-political, which means no concern for human society at large, but rather private cooperations ruling the world, like in a William Gibson novel.
Your right techno babble^2.... I do wonder however if an autonomous agent that can perform its own actions on a block chain and be paid for a service, for coins = energy ultimately, will be the beginnings, or a rudimentary life. So perhaps AL (artificial Life) as a processor to AI. I guess we already have virus's on computers though |
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So what's the chance we may seem some sort of emergent AI come out of block chain and the ability to execute programs on chains....btc/nxt/etherium.
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Why not to make a special subforum for giveaways? It will be good for everyone.
the mods new this was coming as soon as they made the alt subs they just forgot to make a giveaway sub board |
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Why not SHOTR, rpietila, as it has never been clearer that bitcoin is going to be worth much less than it is now. Using our proven martingale maxleverage SHOTR strategy you could become even more wealthy, as is confirmed by our facts and all the bad and confirmed news.
I am with the Most Eminent Highness Crytpo Majesty Goat, in that I never short. Selling 3% is about the most definite statement of bitcoin's current overvaluation that I can bear to execute. I fear missing an evaluation event = 10 x when in Fiat far more than a devaluation of BTC, for this reason I find it very hard to sell BTC from an objective view point |
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