Forget the 100BTC, the OP deserves a medal for being the most parsimonious poster on this forum. 52 posts in 5 years. That's some impressive restraint!  |
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This certainly went higher than I thought it would. I jettisoned around 0.028 on the way up. Thought I was going to get my stop order at .0325 filled |
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I'm not quite sure how it all works technically, but if you split from the DAO before any proposal is approved, you just get your ETH back and the tokens themselves are burned forever.
Ok, thanks. yefi, are you still a skeptic on ETH? We discussed this "bubble" for too many pages in this thread haha.
Yes, the current rally hasn't come as a surprise to me, and can be interpreted as the the 'return to normal' phase of a bubble. What I would be looking for to signal a new high would be a breach of 0.03 (well, 0.03247 to be precise). |
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people tend to overestimate short-term effects and underestimate long-term ones: they expect too much too soon and then, when they almost forgot, are surprised at the magnitude of the effect and barely make the connection any more. Have to give you +rep for that because it's quite true about human psychology. |
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The real Satoshi Nakamoto ...is dead. It was Klieman. No, it's Kl eiman and he died poor. If you were Kleiman, wouldn't you exchange some Bitcoins to get you a personal nurse with big boobs? I knew it. Hence it wasn't him. What's funny is that people latch onto this guy despite the fact that we wouldn't even know his name were it not for the machinations of Craig. I guess people just like being led. |
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Well many invested in DAO with the rate of 1 ETH = 100 DAO when the price per ETH was sub 0.02...so I think many tokens will be burned back to ETH if the price is above 0.03 after the creation phase. However it's hard to predict how will it all play out, burning tokens without proposals make them more valuable for the remaining holders since there will be less. A possible scenario is that many will burn dao tokens and cash out their ETH, this will make ETH price drop a lot but increase the price of the tokens, so it's a catch 22.
Hm, how are DAO tokens burnt? I presume that's not something you can do as a holder of an IOU? |
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Good catch. You did report it, right?
Yep, and looks like he's gone to the Bitcointalk graveyard now where he belongs.  |
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question: what if someone has the same answer do the first poster will get the prize or they will share it? Each poster will get 0.01 BTC. Everybody should just post the same number then  |
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Interesting take from someone who obviously has more experience. I think it's natural, I mean, the enthusiasm must start to fade year after year, but I feel that maybe you had too much misplaced hope in the first place. I recognize Bitcoin as a unique technology and completely innovative idea just like the internet was in the 90s, but we are still far away from the potential. Plus, you can't deny that as a investment if you bought a a good price in 2012 or so it has been appreciating yearly and it all points that it will keep doing so. I still understand where are you coming from, there's a lot of issues still unresolved and Bitcoin still seems "stuck", let's see what 2016 and 2017 brings.
You sir, are a c&p bot. Case in point, post #2 of this thread: Interesting take from someone who obviously has more experience. I think it's natural, I mean, the enthusiasm must start to fade year after year, but I feel that maybe you had too much misplaced hope in the first place. I recognize Bitcoin as a unique technology and completely innovative idea just like the internet was in the 90s, but we are still far away from the potential. Plus, you can't deny that as a investment if you bought a a good price in 2012 or so it has been appreciating yearly and it all points that it will keep doing so.
I still understand where are you coming from, there's a lot of issues still unresolved and Bitcoin still seems "stuck", let's see what 2016 brings.
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I expected a giant dump when the news got out, but the Bitcoin market seems unfazed. Maybe it's because bulk of what was stolen was ETH.
From 250BTC? It's a trifling sum. Gatecoin is also more closely associated with Ethereum (e.g. through REP/DAO/DGD) than with Bitcoin. |
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$484.84. Btw, when does this close to guesses? (Hopefully not 11.59 pm, 31st May  ) edit: this bet is hereby annulled. |
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You closed your position on a Gatecoin hack and ETH went up. Weak hands. Why was your ETH stored in a hot wallet anyway? As I said, weak.
ETH went down in case you didn't notice. I am also trading rather than investing in ETH, so I keep them on the exchange. My goal is to maximise my BTC holdings at this point. Btw:I'm in a long term hold position. It's too volatile to speculate. For me anyway.
The great bit coin monetary experiment is over. All that's left is to switch off the bit coin servers.
Strong hands! |
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How long do you gentlemen think it'll take people to figure out that *all of you* are waiting for the halvening to unload, and start trying to beat the maddening crowds?
The counter-intuition is too obvious imo. And do all of us yet represent a crowd? Our ranks seem thin. |
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Weak hands.
Strong hands is often what bad traders tell each other they possess when making the wrong moves. |
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Just broke the log trendline...
Today's price is 0.024. Is that still in the long trend line? If not, I will sell some Ethereum to buy bitcoin. We're significantly above that line, which is down at ~0.016. Right now I'm going long, as breaking 0.0234 indicates further upside. Be warned though, as I said before, I believe this is a bulltrap. edit: So Gatecoin was hacked. Closed my position, not hanging around for the fallout from this. |
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The argument is based on minimum amount of energy required to flip a bit, quantum computers would effectively be violating Second Law of Thermodynamics because of Landauer's principle ... also known as the Landauer limit. My understanding is that they don't need to perform that many computations though, namely because of Shor's algorithm. I'm no quantum physicist though. |
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"... until computers are built from something other than matter and occupy something other than space".
Qbits exploit weird quantum effects like one atom being able to be in two places at the same time. The qbits in a quantum computer occupy something strange that might be considered "other than space". Existing in two places at the same time is a departure from the standard three dimensions of space we all know.
Photons, which can be used for qubits, are massless particles and have no volume. Hence, I assume, where the "built from something other than matter and occupy something other than space" comes from. However, you can implement quantum computers with particles which do have mass and volume, so his point is invalid. |
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what's wrong with this thread?
Further up there was a page of fruitful, interesting and polite conversation.
Am I on the wrong forum?
Yeah, apparently now this is some kind of biology forum. I expect cytoarchitectonics to be explained next. |
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I think the halving in the July of this year will have a very good effect on bitcoin, and the price will really touch the moon so we do not need to sell our coins now but have to wait for halving.
To clarify, I expect a significant rise prior to the halving, but then around the halving itself, I expect a dump. |
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