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TBH, It makes me a little nervous seeing all these fairly heavily trafficked sites adopt bitcoin, because I worry about a new flood of users who don't bother educating themselves on the risks, or, worse, site operators don't fully appreciate bitcoin's risks at this relatively early stage in its life, and, thus, usher in a new wave of people getting burned and prematurely turned off to something that's still very much experimental.
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My sense now is that lots of reporters are taking it even more seriously than before the hackcrash, but at the same time I think a lot of the public is pretty dismissive of it. I think the response after the hackcrash badly damaged bitcoin's reputation for most people. They saw the reports, and came away thinking, "Ok, so that bitcoin thing is over". A lot of people probably don't even bother with news about it since then. It's just noise.
True. Bitcoin has scars. Pretty deep ones, I think. The positive side of that is that it gives the developers and the community more time and breathing room to work through some of the serious obstacles to wide scale adoption. I think all the hacks and thefts bought bitcoin a good 5 years of fairly tepid adoption. I don't anticipate a flood of investors/users sufficient to hold the price much above where it is now. We could certainly see some spikes in the next few years that approach or possibly exceed the all time high, but I'm very skeptical that there will be enough money and use in the system to hold. |
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For those of you that was around back in May-July 2011, how does the media attention then compare to now?
I know that the common public knowledge was smaller (fewer Wiki hits then) but I'm trying to compare the media attention now compared to a year and a half ago.
The number of news articles was 3 times larger then, but are the sources and quality better now and does the media attention differ this time?
May to July 2011 covers a period were the tone of reporting changed dramatically over that period. Prior to the MtGox hackcrash a lot of the media attention was positive (May). Planet Money did a nice podcast on bitcoin, which was really good. After the hackcrash, there was an enormous amount of negative media attention (July). My sense now is that lots of reporters are taking it even more seriously than before the hackcrash, but at the same time I think a lot of the public is pretty dismissive of it. I think the response after the hackcrash badly damaged bitcoin's reputation for most people. They saw the reports, and came away thinking, "Ok, so that bitcoin thing is over". A lot of people probably don't even bother with news about it since then. It's just noise. |
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What's the high this year and when was it reached? $15.40 in july? and then 13.69 a few days ago and today
August was this years high. 3 month high was on the 7th. I want amounts and specifics , you can do it. |
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What's the high this year and when was it reached? $15.40 in july? and then 13.69 a few days ago and today
August was this years high. 3 month high was on the 7th. |
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Guys I just want to say... I did some back of the envelope calculations... and I also had some bourbon... if we break $31...
... I'll be rich. *raises glass*
So, those 22BTCs are yours then?  |
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bulls is now or never
Wow. Probably a good time to short. Looks like we're going back down to around $1. |
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The depth on the buy side has filled back in very quickly. If whoever unloaded thousands of bitcoins over the past few days was hoping to spark a panic so they could buy more, then they're going to need to dump more bitcoins.
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What exactly qualifies as "to the moon"? $15? $100? $2,145?
These days "to the mood" means something like increases of 3%. |
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I love how phantomcircuit comes on here and plays around with the people from whom he's helped obstruct access to their assets. Classy.
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It's the new bitcoinica, haven't you heard? |
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The title is so much fail
Why? |
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Yes, where you can't go long. Very useful.
Okay, make the vote like a bet. Vote must be connected to voter's money. Otherwise this not makes sense. Use this. |
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This is a real bummer. The End...
It is with our regret to announce that NZBMATRIX has closed.
We have had to make this decision due to a very large takedown request from a company called Wiggin LLC. These represent the following: Federation Against Copyright Theft Limited ("FACT"), Paramount Home Entertainment International Limited; Sony Pictures Home Entertainment Limited; The Walt Disney Company Limited; Twentieth Century Fox Film Company Limited; Universal Pictures (UK) Limited; Warner Bros. Entertainment UK Limited.
As everyone is aware we are DMCA/Takedown notice compliant, and always have been.
Once this notice is completed we are left with an impossible task of policing our indexing bots. Even then it won't stop there, there will be follow-up notices etc.
Coupled with this is problems with payment providers, we have been through pretty much everyone out there, in the end they all pull out.
There are massive server/bandwidth costs to pay, with the payments in-stability this is a very hard task.
NZBMATRIX has never been the subject of any legal issues or threats.
Also the Usenet Indexing scene is going through some changes, with content being removed from pretty much every provider its making the existence of an indexer irrelevant if the content does not even exists anymore.
So it's time for us to bow out... Their bitcoin adoption was simply too late to be helpful. Everyone who used the site had already paid with paypal or whatever. On the bright side, paypal et al. are, I think, helping turn bitcoin into a moment. What I mean is that they're building a strong case for a decentralized digital medium of exchange that will eventually reach a point where using it is so obvious and necessary there will be a powerful surge to its adoption. Also, would there be a way to use the bitcoin model for nzbs hosting and sharing? Something like namecoin but for nzbs? Just talking out loud here.
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This is NOT useful. Only vote based on real money is useful like Bitfinex sentiment index  Yes, where you can't go long. Very useful. |
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Jesus, are we seriously doing this again? Wait till Gox or somebody else reputable supports margin trading.
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People need to remember that Amir is the one who stole the Bitcoinica source code by "Open sourcing it"
Before he did that, it was likely to be sold for enough money to pay back all the people Bitcoinica owed money to.
Instead Amir destroyed the one asset Bitcoinica still had that could be used to solve the problem.
A little bird told me that he may face some criminal problems for releasing that code.
I can't say that I will feel bad for him.
It almost seems like nobody remembers the Bitcoinica shit anymore. |
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