Atlas,
How long would the running time be? I'm just curious, because I think I could do that in a relatively short time, being familiar with nonlinear video editors and the like. Let me know, and I'll try my hand at it.
Preferably 30 seconds, which I have a feeling would be hard. I had some media guy email me over this with a simple "let's do this". Does that happen to be you, by chance? Haha. Nope, wasn't me - but I'll give it a shot and see if I can fit a 30-second window. It may go to a minute, though. I'll let you know if I have something in a few days. Edit: Well, saw someone else is running with it in the "Donations for a Bitcoin Video Ad" thread, so I guess I'll work on something else  |
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Atlas,
How long would the running time be? I'm just curious, because I think I could do that in a relatively short time, being familiar with nonlinear video editors and the like. Let me know, and I'll try my hand at it.
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Trading in a range from 16.50 - 17.00 doesn't bother me in the least. This is what markets do from time to time. Also, it differentiates it from being a speculative 'bubble' - much to the chagrin of most trolls I think previous posters are correct, it will either take a news event or a buildup of bids to get things going again. But for now, I'm enjoying the small fluctuations. |
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@Horkabork, you sir are a craftsman of analogies. I tip my hat to you out of respect.
Since we're deep in analogy land, why not make a second trip.
I've got three pairs of pants, (bear with me - I hate a cluttered closet), and depending on what I'm doing or where I'm going I choose one of the three.
WinPants - You know, these suckers are comfortable. Well, they better be - I've only spent decades getting them to fit just right. Sure, there's a small hole in the left pocket so I have to be careful not to put anything in there I don't want lost, and there is the annoying tendency for the elements to seep in through the threadbare but wonderfully smooth denim at times. But dammit, they do the job and I don't get arrested for going out nude - so its a win-win scenario. They won't impress the girls, but it will take care of regular errands and going about-the-town during the day.
iPants - Well, I'm a bit invested here. Spent more than I usually do - and god, do they look it. I hear the fabric was woven by some particularly picky designers and I'm paying for their expertise. That's okay with me. Although if I get a tear I have to send it off somewhere special to get it repaired or replaced. But they are my fancy pants used for wowing the ladies as I dash off into wild discos and art showings. Not to say they don't get holes in the pockets like my WinPants, but they do get repaired eventually, whenever I can manage to get to the authorized drycleaner.
x32-Pants-0.01.02-tar.gz - Yeah, the label is a bit long, but the damn fabric seems to have been crafted in a vulcan furnace, a bit of a burnished exterior that fades improbably to near pitch-black. I've poured an entire pitcher of bloody mary mix on the leg once, and it vanished without a trace. Amazing. However, it took me a while to get these on. You have to be certain pants.conf is setup properly, and you don't want one leg in before you realize that the cuff_relax_flag isn't set to "Auto". That really stung. Ladies tend to avoid me in these pants, but that is only because I didn't have the fabric_refresh set to something higher than 24 fps, and my boxers were showing. I fixed that, and they've been pretty dependable ever since. I can go anywhere with these, I just have to keep an eye on the pants announcement board to make sure some clown hasn't figured out how to unravel my seams while I'm walking around town at night. No, that wasn't me, that was some other guy... really.
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Banks are ponderously slow organizations. They fear new things, mostly because it has taken them so long to even integrate technology like Automated Teller Machines, and they don't like change. (Or spending anything on change. Don't snort, try working in an IT department in a bank. Bare minimum budget.)They already have a method to transfer money on a private network. It's called SWIFT. http://www.swift.com/about_swift/index.page?What we're trying to do is circumvent them entirely, and we will, it just takes some time to have the idea percolate completely through the internet out into the world. Don't worry about concocting scenarios where bitcoin fails, rather, try to conceive of ways bitcoin can be integrated into transactions 'out there'. The rest will follow, naturally. |
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Your suggestion is based on the assumption that laws governing corporations affect mining pools. They do not. However, I would like to see a voluntary agreement of pool operators to cull newer users to avoid going over 50%. Being the internet, there is no way to make this binding of course. Perhaps random DDoS will do the job for us, who knows.
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Wake up people. I see many of you falling into a classic Stockholm syndrome. MtGox has had your money and bitcoins captive for over a week and longer for some. Stop defending your captor and leave MtGox. MtGox has trouble getting the simple things like css right the first time, what makes you think they will get the complex things done correctly the first time? Those that dont try to escape enjoy the suffering they are going through.
Stockholm syndrome is when a captive begins to feel loyalty to their captor and sides with them or defends them.
Wake up troll, I see you falling into the classic troll syndrome - assuming people care about the troll-topic you post about. Get back to making YouTube comments, we don't need your simple-simon idiocy here. |
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Yeah OP, is there anything the patron saint of wallet-fail can do for you?
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When I am the last node remaining.
This Precisely. I'd also would love to see a lot of out-of-work economists as a result, too. |
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My response:
Mr. Cohan tried his best, but this article is a far cry from excellent piece done by The Economist. Pay grades aside, it doesn't surprise me that the older generation can't quite wrap their heads around bitcoin.
After all, they've been brought up to believe fancy green pieces of paper are valuable, and banks do everything in their customers best interests. We're starting to see the fruits of those efforts, namely in the massive Federal Debt, and the increasingly ineffectual Federal Reserve monetary policies.
However, they stay true to the 'system' because it is all they know. All of their savings is committed to it, every possible investment expressed in green paper, whether it be bits on a hard drive or physical notes in their hands.
Bitcoin is the first iteration of many online currencies that will spring up, and I dare say, the beginning of the end for many of the useless intermediaries that siphon off their 'cut'.
Of course a Forbes writer doesn't like it. Even if he understood it properly, he'd realize that it is the unrelenting flow that erodes large ponderous organizations, much like the one he works for.
Keep deriding bitcoin, it is okay, we'll be here when your next job demands you get paid with it.
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This is all well and good, but why not just figure out a way to use the same platform for, you know, actual currency like the US dollar. Bitcoin is a commodity with zero intrinsic value.
Your head is filled with electric impulses. I can't use those to light a flashlight, power a motor, or any other electrical device. I guess that means your brain has no intrinsic value. Do you have any other purpose here other than trolling with your alleged 'Economist' title? If you hate bitcoin so much, why even bother spewing out your bile? Wouldn't your services be needed with that 'real' currency you keep rambling on about? |
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I'm invoking Godwins Law.
Just shut this silly thread down, eh?
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I would've gone with '42', in tribute to Douglas Adams |
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I don't really care for the http://nerdr.com's tone. Everyone affiliated with Bitcoin is "driven by greed" according to the post. But that's true of any business venture. As others have mentioned, the search for anything 'bitcoin' related on the site referenced by the 'article' turns up nothing. I agree, the nerdr articles relating to bitcoin are just trollbait. I replied in my usual tone, just so people would realize he's talking out of his ass. |
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Someone's 15 minutes of 'fame' are over, but like a bad houseguest, he just doesn't get the hint he should head home.
Maybe this will help:
"Okay, you are super-smart, good job propeller-head. Now go away."
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Bitcoin price increases are just getting started (see my sig)
I hear you. Read the original - interesting observations. Three words: Bitcoin Bucket Shop |
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Technical Analysis is worthless in heavily manipulated markets - I'd say that describes COMEX silver, and thus world spot price - How bout you?
One of the reasons I like bitcoin. Building charts of a market that isn't full of High Frequency Trading algos is a welcome relief. Hell, the chart patterns look like they'll work here. Exciting times. |
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Forget the bid/ask spread for a moment. What about volume? Isn't that the final arbiter?
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I replied using shortened useless-texting jargon to emphasize how I detest people who use things like 'u' to save two letters, or 'txn' to save themselves typing "transaction".
I was feeling extra-snarky today.
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