Ok I was genuinely surprised to see BTC go over 1K recently.....

my prediction was a floor between $100 - $700 at the end of this year. I know its wide but that's the upper an lower bounds of my log graph.

I thought there had to be crash, and it would be lower than the 500 - 600 level, maybe 250 - 350, or even 170.

It seems we may see a slow slide punctuated by a few sharp drops to 500 or sub 500.....would not be out of the question now.

Equally it could rise to +1K very easily and above.

What I do think is correct though is a order of magnitude (10) increase every 12 - 13 months, until saturation

has any one notice that IXC went up after a certain even in this thread.

It will be reconciled because sellers can offer a cheaper price without the threat of reversals, (and likley less fees) and thus attract more buyers and traders, and so that market of sellers will displace trade from ebay, causing eBay to die or adapt

the biggest catalysts for growth (imho) are

[1] the amount of international insta-pay money/value it leaves on the table (to buy things), business wants a cut of that, the larger the market cap, the more money, this self reinforces, $100B leaves a lot more on the table, 1T please sign me up now level

[2] The huge margin on Forex/remittances that BTC will consume, you know western union et.al will be out of business

[3] Alternate class of capital investment, that will force any fund or investor to keep a % off value in BTC.

[4] The large $ transfer that can be done with BTC

[5] Store of wealth (though PeerCoin may come to dominate here)

[6] A good percentage of banking/financial infrastructure, both retail and commercial is rendered obsolete. Add up the value of all those wages, software, security, account costs, real-estate of all the banks in the world, works out to quite a bit that is no longer needed.

[7] In efficient economic policy, QE and friends,

[8] In efficient state regulation will drive business to efficient state regulation regimes, and so discipline the former

[9] media hype, and its not just hype, its actually chronicling a historical and revolutionary period, that most don't yet understand this is what it is.

When I say revolution, I mean this,

A scene in the Grapes of Wrath always stuck with me,

it was the one where a tenant farmer and a tractor operator who is about to level the farmer's home. The farmer wants to know whom to shoot. The driver says he is just following orders; if the farmer shoots him another man will be sent to level the home down.

http://www.youtube.com/watch?v=7JEYHczRar8

I mulled this one over for years trying to think of an answer

The Bitcoin protocol and crypto's in general has reversed this position and provided the answer,  

Now the institutions of the state Banks and the State are now faced with the question 'who do we shoot' and they have no real answer, except, change the fundamental mathematical properties of the Universe that's what doing it.

Perhaps one of the most important features of bitcoin, is what I term as


BTC is the first vehicle to really make some in roads into this.

Perhaps a more thorny question is what else may find sovereign power...but that a bow to far for now.

I have used Iphone for a while, JB'd , and never updated past 5.0....I am kinda having enough though....I also have a android device 10.1 note, mainly for the pen.....


I am sorta over apple a  bit in relation to the Iphone, the screen size for one....and this anti btc stance, well it seems draconian, I mean there's no regulation/law against view info about BTC through the apps, yet the app store kicks some of even them off.

Also I note that the Iphone looses randomly data in the sync process, (and always the important file) as it seems to have different rules for what updates what.

I almost feel were back in 1984 - 1990 where apple lost it market share to wintel. Now Apple is looseing market share to  GoogSung, (or RoidSam if you prefer) and they sorta haven learnt from last time. Im mean thats ok they make more margin per device and the whole ecology thing does mean it just works alot of the time, but they have some systemic floors. Eg my MPB can fry and egg over the power cable /logic board area, and what I had to do to get actual >dual boot (tri-boot) and with more than two partions, and not use bootcamp was insane.

exactly so how?

how does this happen
what does it mean
I thought the whole point in CC's was that this could not happen?

i can go in

my concern is "at any time"

does this mean say I had 1 btc in coinjar, you could just come and take that so meet some other short term supply demand....?

also when you say wallet you you mean my coin jar wallet?

I think this will go the other-way, BTC/CC's will improve so many things. Most humans like to build things up, improve and care, and even the destructive tendency have an element creation and innovation.

For instance we are at the thin end of the wedge, and what do we have?

Satoshi Forrest, where was that even possible in that form before BTC?

I have just sold 2 tranches of 1000 IXC on cryptsy, and the IXC were take of my account but no BTC deposited, I then tested with 50 IXC and that worked, where did my IXC go?

no records of any transaction appears in the history?

but you can see that I deposited 3050 IXC

3050.00000000 IXC

and have not withdrawn any IXC

and the trade history only shows 50 traded for BTC but my balance is now 1000, not 3000 as it should be

Can this be fixed please as I need to trade on to another coin quickly???

how does this even happen?

PPC or Emunie hold the answer to this whole mining issue

yes and those billions of cpus, a significant proportion can be botnets, and cloud servers, which are far more powerful.

Eg I have cpu mined prime coin, on EC2's and that became impossible very quickly to make a profit. People with access to low cost mass computing, keep out the home cpu as its not economically viable. So those billions of home cpus will hardly be used outside of botnet.

A cpu is not decentralized, due to bot nets and cloud.

I'm not sure gov could or in volume or in a hurry or has

I now govs now have near unlimited CPU farms right now.

in any event you missed the point,

and to really stop drinking the cool aid

PeerCoin and Emunie are coins I hold as well as BTC and QRK

The dev of QRK seems to misunderstand or misrepresent the distribution and control due to mining of qrk v bitcoin

http://www.youtube.com/watch?v=6qXhqSy0nbg

asics are what protects bitcoin from gov/corporate computer systems, qrk can be botneted / server farmed by any govt, or amazon or <insert your cloud service here>

How can such a fundamental mistake be made by the DEV? and remain credible?

Also Qrk seems a lot more centralized in holdings to my understanding, as many early large BTC holders forgot, sold out or lost coins. Qrk however had huge mining up front almost all coins are out.

Finally no one has explained how the extra hashing improves security except "it does".

the problem is the gateways

no,

altcoins make competition which make bitcoin evolve, or another to gain the crown . In any even there are 100's of currencies in the real world and even monopoly money.

The legitimacy comes from the dev teams behind them.

See how many crypto's have already fallen by the way side already.

doge 1/3 qrk thread views in just 3 days

   +wow

    much

within 2 years, max BTC will hit 10k.

essentially bitcoin market cap, which can be spent and re-spent, leaves to much money on the table for a lot of industry and services seek to get a portion of this market. The higher the market cap the more and more services will appear which will make the bitcoin more and more useful.

State actors that try to marginalize BTC will experience capital loss against those that embrace btc for any better utiltiy which it may offer, in the form of common opportunity and human capital / innovation.