|
We're probably a quarter of the way into the Institutional Investors stage.
Price histories don't match up, but that's meaningless.
|
|
|
|
I don't really like his phrasing "the dollar has crashed 90% against bitcoin." It makes it sound like dollars have only 10% of the value they had. This isn't true, and the dollar hasn't crashed. The dollar is still the relatively stable base of comparison. Bitcoin skyrocketed against it, is the proper way to phrase it.
It's great to be excited about something and bitcoin is doing really well; I don't think it's smart or necessary to promote it by pretending some sort of doomsday is scenario is playing out with fiat.
Totally agree. Very silly to say "dollar has crashed 90% vs. Bitcoin". I hate dollars and love bitcoin, but foolish statements like that don't help anything... it's like if you were trying to find the most skewed, distortive, misleading, clearly biased statistic you could come up with, this is what you'd use. |
|
|
|
but I do agree with his concerns about Bitcoin being abused as a messaging system and shotgunned with micro-transactions.
Let's remember that the small txs from SatoshiDice are only about 1/8th of all txs on the Bitcoin network (1/4th of SD-related txs, which are in turn 1/2 of the network, roughly). If SD stopped the loss-bet confirmation txs, you only reduce blockchain usage by 1/8th... and this amount will be re-added to the network within a month or two. It is a very silly distraction to get in a fuss about the loss-bet txs from SatoshiDice. |
|
|
|
SatoshiDice just donated 10 btc. Big fan of Armory  |
|
|
|
|
I really like the layout and much of the content of this new site, however I do not like the graphics/design work. I think it looks less professional than the current design of bitcoin.org.
Bitcoin.org deserves utterly brilliant graphic design. It should be stunning. I'm willing to put up the funds to make this happen, up to $8,000. Can whomever is in charge of this new site version get in touch with me if they'd like to take my offer? Evoorhees on skype is probably best.
|
|
|
|
Definitely needs a better brand name! Putting "Bit" and/or "Coin" in the name of every Bitcoin project was appropriate in 2011... but no longer |
|
|
|
|
I'd like to know more about this and SatoshiDice may be willing to fund all or a large part of it. I know Alan and have great respect for him.
How much is needed to make this happen? And, do any core developers dislike Alan's plan, and why? I realize this has probably all been discussed somewhere... links or excerpts are appreciated.
Alan if I forget to respond on this thread, please contact me on gmail.
|
|
|
|
Erik please tell me you have some more backstory on this! Was he up all night? He seems like he is a little out of it.  I've watched this segment 4 times today, and I love it. Other people are going to think he's nuts but I'm thrilled to see Max happy for a change. Haha I think he was freezing his ass off in the video, and maybe had to pee also, and maybe was wired on coffee. |
|
|
|
I love this guy  He gets excited about something and doesn't bother to hide it. But that makes him honest; he feels strongly for Bitcoin, and rightly so. Your avatar is both scary and awesome |
|
|
|
This is just awesome/hilarious... Max Keiser on RT goes wild for Bitcoin. This comes after he visited here in NY and met with some of the local Bitcoiners, including Bitcoin Jesus. He's now a raving disciple "Only Satoshi the Bitcoin Cyber-Christ is going to save us." -Max Keiser https://www.youtube.com/watch?feature=player_embedded&v=_t39jCXXIrY |
|
|
|
I was on Peter Schiff's radio show today (though Tom Woods was guest hosting). Peter will not be able to avoid BTC for long Friday March 8 episode. Bitcoin talk starts at 40:00 http://schiffradio.com/ |
|
|
|
Its an elaborate delay-of-service attack, which you pay for in the time it takes to sync the bitcoin client for the first time, or when you need to get up to date after not running it for a while.
It is also responsible for 48% (and rising) of the total blockchain size right now. So when you play, you're actually harming yourself and other future bitcoin users.
Oh, and the creator(s) are totally aware of this, but think you dealing with it is a good thing.
Enjoy.
You forgot to mention that SatoshiDice also pays more in transaction/mining fees than everyone else on the network, combined. So it's paying for its usage. Kinda silly to call it an elaborate delay-of-service attack when it's playing by the rules of the protocol. In fact, SD pays a fee for every single transaction it makes, can you say the same about yourself? Why are your transactions, which sometimes do not include a fee, fine and dandy? Yet SD transactions, which pay 100% of the time, are an elaborate delay-of-service attack? |
|
|
|
My opinion is that the fluctuations and instabilitiy is caused first of all by the centralization of Bitcoin USD trading at MtGox. That exposes the entire Bitcoin system to the artistry of every pump-and-dump team that operates at MtGox. It's great for the professional speculators, but it's not good for the system as a whole. However, given the usual human herd mentality this idiotic situation persists. Serves everyone right who continue to perpetuate the trading centralization around MtGox. So, party on!  You are completely misinformed about this. MtGox has actually been losing centralization since 2011. It used to comprise about 85% of the market, now it's probably around 60% But even if everything centralized at MtGox, that still doesn't mean that price would become more volatile. It might indeed mean less volatility, because one larger market means greater liquidity and a smoother trading experience with lower spreads. There's also nothing wrong with people gathering to one exchange for their trades. It is not efficient to have a million exchanges. Some degree of centralization is market-efficient and we should let the market make that determination (which it's doing). |
|
|
|
The announcement of namecheap.com accepting BTC is several days old, but originally it was not shown on the homepage. Now this image is there right on the front, exposing TONS of people to Bitcoin. When you click "Learn More" it provides details on why they accepted it, and this reasoning is really important to help convince others around the world of not only the economic but ideological importance of Bitcoin. Bitcoin is becoming aligned with the struggle for a free and open internet, which expands far beyond libertarian types. "Namecheap continues to innovate and respond to threats and challenges in the online space. In the last 13 months, we donated over $100,000 to the Electronic Frontier Foundation to support online freedom. We consider ourselves the pioneers in the space in innovation and freedom."  |
|
|
|
No USA allowed.  You can thank the US Financial Tyrants for that. Just one more reason to use bitcoin... Land of the Free! |
|
|
|
I hope someone asks him how he feels about his service pushing normal node users (not miners) to an eventual blockchain fork. That would be enlightening.
He probably feels it's better for the network to solve the issue now rather than later. |
|
|
|
|
Show Posts
