Wow, this is a slow decline. We are up more than 10% at the moment. I'm no math whiz, how long will it take to get to $3 at 10% growth?
Don't mock the flawless speculation of the expert speculators on the speculation board. They have charts with MS Paint lines drawn on them to back them up. |
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Not all QC is alike. The slowest type wouldn't effect us much at all, the best type would make the concept of any type of currency irrelevant.
Bingo. You do realise how nutty you sound? Your evidence of the existence of working quantum computers is that that there is no evidence of working quantum computers?
No, I think it's nutty to assume the opposite. And by the way, your assumption that "there is no evidence of working quantum computers" is dead wrong since scientists have already laid claim to the existence of working quantum computers the size of a handful of qubits, though they claim they aren't very useful in their current state and can only use them to solve extremely basic and not very useful problems. I'm simply giving three plausible scenarios (there are others, of course) and one of them is likely true: 1) There are scientists that have built rudimentary quantum computers, but they don't know of others who have built vastly more complex ones. OR 2) There are scientists that have built extremely complex quantum computers, but they are minimizing their results to the public. OR 3) There are scientists that have built rudimentary quantum computers, are aware that others have built vastly more complex ones and are trying to replicate this complexity, but are restricting this information to the public. You and others are taking the position that it sounds nutty based on the arrogant assumption that you think you're somehow privileged enough as another human being to know exactly what's going on. I'd bet you're also a person who thinks it's "nutty" for people to think that extraterrestrials exist because you/we haven't seen them despite clear evidence of a hierarchy of life and intelligence, and to assume that that hierarchy stops at planet Earth is one of the dumbest, most egocentric conclusions a person can reach. It's hardly different than the assumption proven false long ago that the sun revolves around the Earth. Please work on your analogies, they are terrible. A leap of scientist are working on qc to scientists have secretly made a super advanced and working qc is NOT the same as life on earth so there may be life out there somewhere. A better analogy would have been: " I'd bet you're also a person who thinks it's "nutty" for people to think that extraterrestrials abduct people and impregnate them with alien hybrids because you/we haven't seen them" And yes, I would think those people are nutty. |
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In that case we can only hope the big holders will spend their bitcoin with a responsible manner... and this is something we can never be sure about
Yes! Onward to bitOrwllianism comrade! We can only achieve decentralization by centralizing control to ensure that it is decentralized. I like the cut of your jib. |
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You do realise how nutty you sound? Your evidence of the existence of working quantum computers is that that there is no evidence of working quantum computers?
Personally, I'll believe it when I see a fuzzy photograph or shaky video footage. Anything less is just fantasy talk.  |
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Anywho, the local B&N here in Denver did not have a copy of the mag either, but I'm way to socially awkward to harass an employee about it.
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Looks like a pretty cool event. Also really cool to see that BTC in a "real world" market working pretty smoothly.
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I guess Satoshi and his friends who stared the bitcoin
I also stare the bitcoin. I just can't help it, sometimes I stare at my wallet admiring the bitcoin. Good to know I have something in common with Satoshi. We both stare the bitcoin. Satoshi did, I still do. Who else here stares at the bitcoin? Please tell me I'm not alone, now that Satoshi doesn't stare at the bitcoin anymore... I stare. But then Satoshi and his friends stare it too and then rob me of my bitcoin. |
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Waking up Mark now.
I wish I could hear this conversation. I imagine it'd be a fun listen. |
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My freakin' luck.
I literally haven't traded anything in over a year. Just this morning I was like, "What the hay" transferred a majority of my BTC (I don't have many to begin with) to Mt. Gox and leave for a nice stroll. Come back and see this and brain goes into panic mode.
Looks like I was able to bring my BTC back home, so that's good.
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coming the weekend. just look at what happened in the last three weekends.
And now that you said that everyone will expect it which means it won't happen. |
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While this is true: The higher it gose the more i wana hold on to them!
I still better sell 90% at $1000
I hope that if the price ever goes into the hundreds there's a robust enough bitcoin economy that I don't need to cash out. +1 |
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Such an attitude isn't present on these forums at all!  If you review my posts you'll see that I call it out when I run across it here too. I wasn't talking about you specifically, just in general.  |
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This is one of the best articles ever. In general. Schlichter just owns and I hope this one makes waves in the libertarian and goldbug communities, since there are still way too many Bitcoin skeptics in those circles. There are many people in those circles who have spent a lot of money buying gold and silver and desperately hope to become wealthy because of it. Anything development which suggests this might not happen is treated with great hostility. Such an attitude isn't present on these forums at all! I kid because I love. |
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I never understood why miners would shut down their rigs when profitability is low, unless they don't think it (prices) will ever come back up to a profitable level, or they don't have enough cash to pay their electric bills. If profitablility for me = $4.50, and I mine for 10 years at $1/btc, then it rises to $5, I can sell 10 years worth of coins vs 1 week.
SHHH! Why are you giving away out secrets?! Let all the dumb miners stop mining! |
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I have had a few friends who know little about BTC but have still heard the pizza story from somewhere.
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This is not an explanation this is an attempt to fuel another bubble. But it won't be a remake of june 2011. Why? Because the market is much more stable than before, much more multi-currency, people remember the bubble from last year and start selling each time bitcoin price increases. So I think there will be a steady growth, matching the growth of the economy, slowly, but not a fly to the moon bubble where a bitcoin is worth 1000 in 2 months. Sorry. As for the last two weeks, there are multiple signs that bitcoin is catching up in various markets, there an afflux of new bitcoiners from all over the world (or at least of funds from all over the world), that why were seen this rise. Your post is reasonable and logical. It has no place on the economics sub-forum. GTFO. Just kidding. I agree with what you said. |
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Maybe the Amish?
LOL! bitcoin could present a moral paradox for the Amish? 'to use the voluntary non-violent currency of the future, or continue using to the slave paper of the past?' If I was Amish, I would quietly opt for bitcoin. Casascius coins FTW! some casascius coins should be headed my way here soon Whoa. Amish using physical bitcoin is way to meta for my brain to handle. |
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I've bought a couple of items with bitcoins.
So, yes.
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You mention that you will see an alias of the local users on the network and be able to scroll through and pay the right one.
Imagine I am at Joe's Pizza Place and he has his alias set up as JoesPizzaPlace.
Punk ass kid at the restaurant changes his alias to JoesPizzaPIace, or Joe'sPizzaPlace or J0ESPIZZAPLACE.
What is to prevent people from sending BTC to the wrong alias?
A big signs at Joe's saying "DON'T PAY THAT DUDE WITH THE FAKE NAME"? EDIT: Upon rereading the aforementioned bullet: it says that each device has a unique name, not that everyone gets to choose their own name. If it does turn out that users get to choose their own name, maybe there will be an option that you can still check the bitcoin address in the event that two name appear similiar. |
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Cuuurious. I like the local nature of it. But I'm left wondering - what does it do, other than generate its own power, that I couldn't do with my phone?
That's a genuwine question, because I do like the sound of the device. To answer myself a little, I like that it makes sending btc very easy, i.e. hides the idea of an "address" and replaces it with a device. Could a smartphone do something similar via Bluetooth/Google Maps/etc though?
Well, it's cheap which could aid user penetration into areas/demographics that cannot afford smart phones. That's just off the top of my head. I'm curious how they plan on reaching any sort of "critical mass" of users to make the thing work. "Here, buy this thing and hold on to it! It might work...eventually" doesn't sound like a promising business plan.  |
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