Happy 5 years anniversary everyone! And the market decides to celebrate by starting a rally  |
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The title itself is already wrong, written by presumably misled journalist, I don't even have to read the article.
Quantum computer cannot crack almost all types of symmetric encryption, which consists most types of encryption.
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These are all trivial things that could be done with a small subset of Bitcoin functionalities.
If anything it reminds me how awesome it's for Satoshi to gift the world with Bitcoin, which would have allowed a corporation to apply for and be granted thousands of patents if it were to be created by one.
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Why would anybody want/need approval from Goldman Sachs ... haven't they overtly subverted the US legislative system and destroyed vast tracts of the economy in their wanton lust for power over others and insanely greedy, short-sighted financial rapings?
Yes, let's welcome the scourge of the planet to bitcoin .... wtf?
Because Goldman is good, not morally good of course, but good at what they do. They saw the subprime crisis coming and was able to make billions by trading against the market. Many of us believe that a systematic crisis will eventually befall on the old system, but if anyone is able to time it and trade to profit from it, it's probably GS. Wouldn't it better to welcome the people that are morally good AND good at making money? If anyone is able to corrupt Bitcoin to the core it is Goldman Sachs and their fellow travellers ... Silk Road will look tame by comparison ... these guys are bad news on so many levels. Edit: it should be a good test of Bitcoin's trust no-one properties ...  I am confident it can't kill Bitcoin, so if it's to do anything it will be for the positive, or futile. And we can't stop anyone from getting involved either, so the best thing to do is to use GS as an indicator. |
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Why would anybody want/need approval from Goldman Sachs ... haven't they overtly subverted the US legislative system and destroyed vast tracts of the economy in their wanton lust for power over others and insanely greedy, short-sighted financial rapings?
Yes, let's welcome the scourge of the planet to bitcoin .... wtf?
Because Goldman is good, not morally good of course, but good at what they do. They saw the subprime crisis coming and was able to make billions by trading against the market. Many of us believe that a systematic crisis will eventually befall on the old system, but if anyone is able to time it and trade to profit from it, it's probably GS. |
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Time to create subprimecoin Already happened...it's called Ripple  Yeah, when you think about it...XRP vs XPM, lol |
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Time to create subprimecoin |
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I am extremely pleased to read such articles by Krugman, being a Nobel laureate, he deigned to come up with so many posts about Bitcoin only shows how panic he is with it. I know you are shaking in your boots Paul, you sense that something inevitable is coming and you are desperate.
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Whether it's up or down, Loaded probably is going to move the market anyway,
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The official December update is coming at the end of December. My current trendline which is calculated from daily prices until 15.12.2013, shows that we are at $469 now. We have not yet had any daily breaches of the trendline since the latest bubblepop. Many have wondered, whether the trendline approach was able to cope with the extreme price movements of the 2011 bubble. It is true that during the move up, it was not possible to deduce anything from the trendline, which had just started to form. But during the move down, it called the bottom with almost deadly precision: the trendline was crossed down in 7.10.2011 (note: 4 months after the top) when the price was $4.29. The buy-level, which is -0.2 log units below the trend, was reached 17.10.2011 at $2.85. On a daily level, the bottom was reached 2 days after, at $2.28. At that point we were -0.341 units below the trend. In 2013 April bubble, the final capitulation played out as follows: trendline was crossed in 3.6.2013 at $119, buy-level of -0.2 was reached in 1.7.2013 at $90, bottom was in 6.7.2013 at $69 at -0.341. I am sure that -0.341 as the daily average of the most opportune day to buy, months after the bubble, is pure coincidence  Nevertheless, it gives confidence to those who do not decide to invest all after a runup, fearing to be left behind. If we expect the final capitulation to come on the red candles' day (14.2.2014), it is still possible to buy back in between $308-$427 if the previous bubbles are any guide. This is to refute oda.krell who does not base his predictions of "trends" on anything, I at least try. Nobody has shown any proof on any trend other than this, except lines drawn on a whim. I don't understand much, but there is a great difference between founded and unfounded prediction. It is very easy to buy at your desired level btw. It is called "limit order". I know one, but I have no interest sharing it here. |
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Nothing new is brought to the table, they still haven't solved the repudiation problem of bank transfer.
Regarding the patent, it maybe a "strike first" approach, lest someone malicious to Bitcoin will be granted the patent before them.
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Whether the Chinese authority cracks down on the exchanges really doesn't matter, real Bitcoiners in China can buy and use bitcoins all the same. Most of them sold their bitcoins back though! Where are they going to get any if the exchanges go down? This is China with Taobao, anyone can open a shop and start taking payments, thanks to Alipay. The government has banned the sales of VPN(for GFW circumvention purposes) for years, yet they never manage to effectively kill the business, you basically sold them under a different name and try to win a cat-and-mouse game. And they can't just shutdown Taobao, no government dares to shutdown a platform that creates 20 million jobs for you. PS: You don't even have to sell bitcoins itself, you can just sell redeeming code of an exchange, hosted in a foreign nation, which is apparently what BTCChina is doing now. |
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Li Ka-shing totally doesn't feel safe hodling bitcoins... So he's hodling Bitpay instead. This is mixed news, but it will very likely bump the price upwards. To me it means my bitcoins will grow in value more soon, but at the same time it means the the PRC isn't going to be allowing the chinese exchanges to accept Yuan any day soon... In fact it may shut them down completely.  If you invest in Bitcoin firms, you most probably took time to study it and thinks the industry can create real value, which I think is good, and the most successful investors hardly just speculate on assets. Whether the Chinese authority cracks down on the exchanges really doesn't matter, real Bitcoiners in China can buy and use bitcoins all the same. |
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Am I the only one who misread his surname as "Lackey"....
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Thank god I can finally get rid of those clowns who spout "Bitcoin is a scam the government has banned it" bullshit, just tell them "what the hell are you smoking, Lee Ka-shing has invested in a Bitcoin firm" will be enough to shut them up, this maybe the most meaningful thing coming out of this investment, LOL.
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To say he is China's richest man is a understatement: he is the richest man in Asia.
The guy is the traditional type of Hong-Kong legend: dirt-poor to filthy rich, the guy is also famous for his acumen of spotting good tech start-ups, unusual for his age.
To a common Chinese, "Lee Ka-shing has invested in a Bitcoin firm" sounds way more impressive than "China's richest man has invested in a Bitcoin firm".
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I agree and I think that 2014 will be the year that Bitcoin finally breaks through as a means of payment. This was the year it got real mainstream attention, next year we will see massive adoption waves in terms of actual usage. That is obviously great news for the innovators among us who are just waiting to be able to spend bitcoins in more and more ways.
Is there a (credible) plan for the scaling issue? (I really should do my homework on this soon) It can be fixed, just no sense of urgency yet, at least not enough to get a hard-fork done, it will be done when the time is right. |
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If you think about it, governments/central banks crackdown actually helps Bitcoin business. I don't think so. In China, a lot of businesses have dumped the BTC as a payment option because they can't get their coins converted to fiat. But I believe that this is a temporary setback. There wasn't "a lot of businesses" accepting BTCs to begin with, and the media reports mostly focused on the brick-and-mortar ones, online businesses are entirely another matter. And since you brought up China, let's not forget there is a huge market for low price quality goods forwarded(so-called "海淘" digging goods overseas) from oversea there, and Gyft undercuts the Amazon price by 3% when you pay with bitcoins, hehehehe......... |
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Are people getting infected for reasons they can't help, or are they just being careless?
People design the software to be foolproof, rather than virus-proof. Having said that, cops are not supposed to be as vulnerable as your grandma, if their computers can be so easily infected, there is nothing stopping a criminal from planting a trojan inside their computer and tapping every move of them. |
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我就是要用网店买卖5000块一张的明信片，有人知道我私下里转手的是BTC么？  如果你是卖给我，你要如何send我code? 我不是说卖btc-e code，是说直接卖BTC。 当然，如果是地下交易，要建立信任，那这个事技术上就有点复杂了。 |
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