This is called extortion inoculation. BS enough times and nobody will pay BTC to any extortionist.
Someone should start a bitcoin vigilante fund to catch that idiot. |
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we are going nowhere but down
that's what she said |
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I have invented an amazing BTC/USD price prediction engine
Me too. This is how much it will go up or down.  |
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Either you believe that cryptocurrencies are a fad or Bitcoin is a bargain at this yearly low price. Educate yourself.
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If you want a bargain, used boats are everywhere. You can buy an older but well built 50+ ft coastal cruisers for the price of a new SUV nowadays because banks won't finance used boats. I don't know why more people don't live on boats.
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How do I get Apple Pay to work on my Samsung Galaxy?
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 Engrave them into these. If someone wants to take them from you, then just give it to them.  This would not work very well. Although it would stop an attack from gaining access to your private keys, it would also prevent you have having access to them as well, which defeats the point. Your ideal solution would be something that cannot be easily destroyed and that cannot easily be 'hacked' by an attacker Keep a backup magazine. |
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I wonder how much electricity is wasted on Facebook?
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Science doesn't start with philosophy and try to back baseless assertions. Science does it the other way around. Correlation is often what we use to find causation. Well, sometimes scientists do this in experimental design, but they use statistics to filter out the bias part. Be careful around philosophers with their mind tricks. If American non-unionized capitalism is so great, then why don't Americans stop killing each other so much. I live in a very poor country now and have never felt safer. BTW, Di Lorenzo is an economist. You ought to know by now that economics is my favorite social science to hate on. I mean at least psychologists get their hands dirty helping people get a second chance, but economists feel nothing about destroying an entire nation. I'll read a book by an economist that works directly with average Joes rather than sits in an Ivory Tower. So on the one hand we have detailed research and a strong theoretical basis from a theory that has repeatedly generated more reliable predictions than competing theories and on the other hand we have... your enjoyment of hating on certain concepts. Yes, I can see how these two things are equally credible. You don't see engineers going around disproving one another. What is worse, believing wholeheartedly in an idealism or being sceptical? I don't hate economists, just their religions of human motivation. In Di Lorenzo's case I'll withhold judgement regarding his Lincoln bashing until I know more about his scholarship. |
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I think governments trying to kill bitcoin would make grow even faster. Then Bitcoiners could buy politicians.
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The point was that without regulation energy became a game of speculation and now it's happening again starting with Enron. Your energy brokers are financializing the commons needed to create a healthy economy. I pity that you don't see history repeating itself. You want to blame Central Banks for being a monopoly, but don't see it happening in other commons.
I pity that you're falling victim to a "correlation = causation" fallacy. The problems you see are real, but they aren't caused by a lack of regulation, as DiLorenzo and others have amply demonstrated. Science doesn't start with philosophy and try to back baseless assertions. Science does it the other way around. Correlation is often what we use to find causation. Well, sometimes scientists do this in experimental design, but they use statistics to filter out the bias part. Be careful around philosophers with their mind tricks. If American non-unionized capitalism is so great, then why don't Americans stop killing each other so much. I live in a very poor country now and have never felt safer. BTW, Di Lorenzo is an economist. You ought to know by now that economics is my favorite social science to hate on. I mean at least psychologists get their hands dirty helping people get a second chance, but economists feel nothing about destroying an entire nation. I'll read a book by an economist that works directly with average Joes rather than sits in an Ivory Tower. |
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That's the same argument they gave to deregulate electricity in the 1930s. It caused power companies to refuse service to farmers because of the line maintenance costs. It hurt rural development and farming. If there isn't regulated bandwidth then only densely populated regions will have adequate bandwidth for bitcoin. We don't even have good enough bandwidth for bitcoin nodes in most of rural America let alone poorer countries. http://www.pbs.org/wgbh/pages/frontline/shows/blackout/regulation/timeline.htmlIf you're going to source history, then at least make sure you're being remotely accurate. All the just so stories that supposedly prove the natural monopoly fallacy are fairy tales that fall apart with the slightest bit of investigation: http://mises.org/daily/5266/Both articles come to similar conclusions, sort of. I'm not agreeing with early 20th Century about "natural monopolies" but I would give PBS 85% accuracy in the research and Mises 30%. The point was that without regulation energy became a game of speculation and now it's happening again starting with Enron. Your energy brokers are financializing the commons needed to create a healthy economy. I pity that you don't see history repeating itself. You want to blame Central Banks for being a monopoly, but don't see it happening in other commons. |
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My guess it will go to $15, then up to $2000, then back to $0.02 for awhile, then back up to $850.
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I had open shorts this morning. Then I promptly zipped my fly back up as I realised why the ladies had been giving me strange looks. True story
Open shorts.. Good for nobody
Good story, bro. Always zip up when you get that look from the ladies. |
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What do you get from following Bitcoin price every minute ?
You have to understand that the next few hours are critical! |
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I thought Japan just embraced bitcoin and what it does. But now I read this. Inconsistency all over bitcoin world.
Just believe everything you read on the internet, then you don't need to worry about such inconveniences as inconsistencies and hypocrisies. |
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because the shared costs related to Bitcoin mining make it very much unlike a free market This isn't difficult to fix. All it takes is a price discovery mechanism for bandwidth. That's the same argument they gave to deregulate electricity in the 1930s. It caused power companies to refuse service to farmers because of the line maintenance costs. It hurt rural development and farming. If there isn't regulated bandwidth then only densely populated regions will have adequate bandwidth for bitcoin. We don't even have good enough bandwidth for bitcoin nodes in most of rural America let alone poorer countries. http://www.pbs.org/wgbh/pages/frontline/shows/blackout/regulation/timeline.html |
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some reasonable movements on Litecoin.....any particular reason?
They should make litecoin into a side chain. maybe. But someone is buying up chunks of LTC, and BTC-e just had a dump of a few hundred BTC to 342. Joking about the side chain. Litecoin needs to be repurposed though. |
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some reasonable movements on Litecoin.....any particular reason?
They should make litecoin into a side chain. |
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By a large margin, most bitcoins mined are not sold on exchanges. They are held.
I like the idea, but how do you know? Do have some proof? Unless you see millions of bitcoins trading somewhere that I don't, I'll have someone add them to the charts. Last I saw somewhere, bitcoin days destroyed was far less than 10% which means that even if every bitcoin that changed addresses was sold, it still wouldn't be much. I would guess that less than 2% are exchanged. If you bring Mt Gox into the calculation, then it's really far less than 2%. Not sure what Bitcoin days destroyed has to do with newly minted coins being sold? I too believe that the majority are held but the increasing number of transactions leads me to believe a good amount are changing hands off exchange Newly minted coins should be distributed. They could account for daily volume, but not much more. As far as off exchange trading goes, they have little bearing on price because we only have exchanges to report that. Dark pool trading is a game as much as open trading. I don't see the point to doing it. |
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