Nah it should look like this:  The further Bitcoin moves to the mainstream the less tech-savvy users will be. Even downloading and installing correctly can be a challenge. This, or something like it. Potential users need to be better educated more immediately on bitcoin.org. The "Learn More About Bitcoin" button on bitcoin.org should say something that further reinforces beta/experimental/evolving nature of bitcoin and more about the main client (that it uses a lot of space and so on). |
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Trying to help yourself recover from that short at $11.xx, eh?
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I don't think so. 2015 or maybe 2014. The surges in prices are less extreme now. I don't think we will see any +100% years. $20 maybe.
This. There are simply too many holders of large collections of bitcoins and as the price increases it's easier and easier for less and less bitcoins to push it back down. There'd need to be a lot more money on MtGox to get back to $31 and that's just to get there. There'd need to be even more money to keep it there. We're probably years away from that. Hmmmm and what about the return of me.ga? If Kim decides to accept bit coin/litecoin? What would happen? Probably the same thing that happened when Wordpress accepted bitcoin - a small rise in price. The fact is that bitcoin is still far too obscure and difficult to use for the vast majority of people. IMO me.ga (if accepting bitcoins) will have a much greater impact on bitcoin. compared to me.ga wordpress is tiny Ok, stop right there. Will you please show me how Wordpress is tiny compared to me.ga? What data do you have on this? Did you know that Wordpress is Alexa ranked 22nd among all websites on the internet? Megaupload was never even close to that before it was taken down. Why would me.ga, a site based on the same premise as Megaupload, suddenly be much more popular and highly trafficked than Wordpress? |
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I can overlook the ums, yeahs, and likes. I do it all the time, so do most people without really good public speaking skills.
The points you have made would make sense in support of an argument that he shouldn't be the first-in-line candidate for being a keynote speaker at the next conference, but not that he is an idiot who should "never tell anyone" he is involved with Bitcoin "ever again", the proposition put forth by the OP. It seems quite a large leap. I think the OP is too harsh (e.g. he should kill himself? totally uncalled for), and Taaki is obviously free to tell anyone he likes he's involved with bitcoin, but I think he's done quite enough to give himself a bad reputation in this community (not that I've got a really good one) and he clearly isn't good for bitcoin public relations. What I've noticed about Amir is that he likes to say things that he thinks will impress his audience regardless of whether what he says is (1) true or (2) he can make it true. DeathAndTaxes brought up some examples of this here and there are literally pages and pages of that behavior from the bitcoinica debacle. |
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I don't think so. 2015 or maybe 2014. The surges in prices are less extreme now. I don't think we will see any +100% years. $20 maybe.
This. There are simply too many holders of large collections of bitcoins and as the price increases it's easier and easier for less and less bitcoins to push it back down. There'd need to be a lot more money on MtGox to get back to $31 and that's just to get there. There'd need to be even more money to keep it there. We're probably years away from that. Hmmmm and what about the return of me.ga? If Kim decides to accept bit coin/litecoin? What would happen? Probably the same thing that happened when Wordpress accepted bitcoin - a small rise in price. The fact is that bitcoin is still far too obscure and difficult to use for the vast majority of people. |
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I don't think so. 2015 or maybe 2014. The surges in prices are less extreme now. I don't think we will see any +100% years. $20 maybe.
This. There are simply too many holders of large collections of bitcoins and as the price increases it's easier and easier for less and less bitcoins to push it back down. There'd need to be a lot more money on MtGox to get back to $31 and that's just to get there. There'd need to be even more money to keep it there. We're probably years away from that. |
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I think import private key should not be exposed to average users. Sweep private key should be offered instead.
Users are apt to believe that once they import a private key they have ownership of the funds. But someone else who has the private key can still swipe them, a rude awakening. Offering sweep solves this.
+1 |
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After about a year and half of watching people do these ABC 123 wave analyses I'm pretty confident it's utter horse shit.
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I know this is OT, but has anyone else noticed that like 10Thashes has gone missing?
miners have been unprofitable ever since the reward halving. I guess some are dropping out now. i hadn't noticed, thanks for pointing it out. I guess so. Just seems a bit odd that so many would stop and basically the same time. |
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I know this is OT, but has anyone else noticed that like 10Thashes has gone missing?
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Some videos released from the London New Finance November 2012 Seminar: Digital Money I haven't watched it all yet - but I have to cringe at what I've seen so far from Amir. He seems to have launched into a spiel about it as a 'subversive' tool.. Is this really the audience for that??? Answering the mobile phone on stage... really?? Fine, you forgot to turn it off - embarrassing enough, but to answer it.. 'hello?' Good grief, either just turn it off at that point, or answer straight away with 'sorry I'm in a conference I'll call back'. From the panel discussion, we see Amir fluffing his way through an answer that didn't seem to bear any relation to the question. He completely failed to point out how Bitcoin manages to separate Identity from payments. A gift ...on a plate, thrown away.  Audience Question: Are you all assuming that payment is the killer app for wallets... or is it for example identity, because you have to separate identity from transaction flows from funds flows.. the concept of a payment is a mixture, depending on the context of all 3.
Amir: Ah.. so yeah it's like 1 in 35 1-pound coins is counterfeit and there's like.. a lot of the arguments I've seen .. people saying oh yeah we need to move to these like cashless payments.. is..oh yeah.. there's this huge level of fraud .. or that there's all these costs inherent in the system that... and a lot of the solutions I've seen proposed always involve somehow externalizing that costs onto the users as opposed... away from the financial processors.. and I don't really see that like as a winning argument.. if we wanna.. move forwards.
Other panel member: A simple answer to the question. No I don't see payment as the killer app, I see it as a necessary - to allow anyone to play in the game. So I think the killer app is something that drives the customer to perceive they get value from the wallet but it doesn't have to be measured financially.
Not sure If I can bear to watch it all. edit: My apologies if I'm being a bit harsh.. I know it's a tough job to get up in front of people and speak! I had the same response to the first interview I saw with Amir over a year ago. It made me cringe. He kept brining up Anonymous, etc., etc. and seemed to be answering questions nobody was even asking. |
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Probably price. (especially after ASICs arrive)
ASICs are still a few months off. In the meantime, GPU miners are earning half as much as they were a day ago, and for many that's going to push them into mining at a loss. Many of those miners are going to abandon BTC mining, and that's going to be evident soon. It's inevitable, and it will lower the difficulty. The price could go up while this is happening, but I don't see any reason to expect the price to go up enough to keep it from happening (double?). |
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Around $0.7 or so, if I remember right.
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And nothing happens!
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5 blocks to go. 5 |
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thanks fcmatt, keep selling us your coins. are you done mining onces having / asics hits?
I am going to keep mining with the gpus until diff rises much higher. The block reward halving, from the perspective of a miner, is as if the difficulty were to double. No? |
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The $12.60 level is taking on major significance. From there to $13 is a critical defense point before $15. After $15, there's a lot of air to $30+ and who knows how much attention that will attract. Relatively uncharted territory since the 2011 bubble.
I'd start taking some profits in the high $20s, then sell a bit every dollar above $30. Patience will win as usual.
I think you're looking in the wrong direction. |
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