get a new sign.

"free bits of bitcoin" rather than "free bitcoin"

because its like saying dollar giveaway, or free dollar. then handing them 1cent..

well there is nothing stopping mtgox sayinth that during the supposed hacks that not only were all their FIAT banks accounts raided and all the offline cold stores.. but also the sql database of users accounts could have been manipulated to say that thousands of users had more balance then they should. so i would recommend everyone check back on their deposits either from banks or other wallets and ensure they can provide proof should it be requested.

but i think that by the time all the attorneys take their fee's and its gone through alot of expense spending to research the cause by hiring computer experts and also paying karpeles consultation fee's... there wont be anything left out of the funds they did manage to recoup

the ruble is something that is very very recent. it takes time for people to receive their weekly/monthly pay cheque, and then the following week/month see that they cannot buy as much next payday.. and then it takes time to weed through all the investment scams out there, to then come across bitcoin. and time to then purchase bitcoins.

so just because its news this week do not expect an instant bitcoin surge. it can take upto a month or two for people to react as they are still believing the hype that all their wages/cost of living are not affected and that inflation is a myth..

many russians i have spoken to think that its just affecting bank /debt interest rates (due to media propaganda). and yet to see the impact inflation has on cost of living. so just wait until their next pay cheque and they cant buy as much. then they will see media has lied to them and they need to do something about it.

i dont think that the movie is suppose to be the media bomb to create a speculative jump in price. i treat it as just a mile stone and a beginning of bitcoin entering everyday conversation.

the movie itself is not the big thing, bitcoin being mentioned is not the big thing. i only pointed it out as being the FIRST mention of it in any multi-million dollar production. and it wont be the last.

alot of people thought that dell wouldnt be accepting bitcoin in 2014
alot of people thought that paypal wouldnt be accepting bitcoin in 2014
alot of people thought that microsoft wouldnt be accepting bitcoin in 2014

so in many peoples eyes, the beginning of mainstreaming is maybe going to be happening before the 2016 block reward halving, rather than after..

seems those that hold gold are willing to sell their gold and buy bitcoin.. i guess they see the potential of it.
so if you see anyone telling you bitcoin is bad and you need to buy bitcoin, ask yourself. if its so bad then why ar they evn allowing themselves to sell their gold for bitcoin...
(hint: they want bitcoin and want to reduce their gold holdings)

334586 (Main Chain)    2014-12-16 17:19:42    4 mins
334585 (Main Chain)    2014-12-16 17:15:52    8 mins
334584 (Main Chain)    2014-12-16 17:08:16    8 mins
334583 (Main Chain)    2014-12-16 17:00:36    8 mins
334582 (Main Chain)    2014-12-16 16:36:50    24 mins
334581 (Main Chain)    2014-12-16 16:25:43    11 mins
334580 (Main Chain)    2014-12-16 16:19:10    6 mins
334579 (Main Chain)    2014-12-16 15:37:01    48 mins
334578 (Main Chain)    2014-12-16 15:17:36    20 mins
334577 (Main Chain)    2014-12-16 15:08:42    9 mins
334576 (Main Chain)    2014-12-16 15:06:07    6 mins
334575 (Main Chain)    2014-12-16 15:00:23    minus 2 mins
334574 (Main Chain)    2014-12-16 15:02:15    3 mins
334573 (Main Chain)    2014-12-16 14:59:00    5 mins
334572 (Main Chain)    2014-12-16 14:54:42    5 mins
334571 (Main Chain)    2014-12-16 14:49:27    7 mins
334570 (Main Chain)    2014-12-16 14:42:31    2 mins
334569 (Main Chain)    2014-12-16 14:40:14    33 mins
334568 (Main Chain)    2014-12-16 14:07:08    2 mins
334567 (Main Chain)    2014-12-16 14:05:25    7 mins
334566 (Main Chain)    2014-12-16 13:58:46    

15 green = no celebration of quicker than average confirms
5 slower = crying from people that dont realise the 10 minutes is NOT a rule, but a average based on maths spanning over 2 weeks and then divided down
maths based on those 20 tx's is 10 and a half minutes-ish

inflationary currency where the value decreases each year (bank notes) naturally makes people want to spend it as soon as they get it.
after all if you can buy 5 loaves of bread for $10 in 2013.. you dont want to save it under a matress knowing it will only buy you 4 loaves in 2014.

bitcoin is a medium of exchange, but its attributes are more aimed at "savers", basically people that want to earn a wage and know they are securing their future by keeping a small amount of it as savings for the future, rather than spending it all as they know it has less future value.

i get paid in bitcoin and although i use bitcoin to buy stuff. i personally prefer to spend any FIAT i may have laying around far before spending my bitcoin, because as i said fiat has less future value.

many times i have bought a PC or something and then months later seen that the 3 bitcoin spend on a PC in 2013 turned into a whopping $3,600k value at xmas 2013 or a $1050 purchase today........ far more then the retail price of the PC.

the lessons people need to learn is to save bitcoin and then use the bitcoin from previous years to buy this years products. EG i was getting 60 coins a week in 2012 and that made me happy to spend just 2 bitcoins a week this year. we will see those hoarders of this year start spending their bitcoins next year once the deflationary nature of bitcoin kicks back in (bitcoins flat volatility this year, meandering around $350-$450 all year has stagnated bitcoins deflationary nature) so its a waiting game.

that said merchants like overstock need to realize a few things:
1. their product categories are not weekly spend consumables. they sell computers and stuff that people only replace once every few years. so those customers who did buy something at the start of the year, probably wont be coming back for a few years.
2. merchants like overstock who hoard coins anyway, need to realize that its not costing them a single penny to have the payment service for bitcoin available. so even if they only have 1 customer a month. overstock does not need to be paying large subscription fee's even at times of no custom.
3. once grocery stores accept it, and people get paid it as a wage (closing the loop of acceptance) it will move into the main adopter/mainstream stage
4. bitcoin is still young, like a toddler, it's not yet at the stage of being part of society. so just wait and see and things will start growing

i personally live on bitcoin (my income is 100% bitcoin and i can spend it to buy food, clothing, rent etc) once a larger group of people are true 100% bitcoiners, then merchants should see a increase of spending but should not be expecting 1million customers a month if they are not merchants selling 'weekly consumables'.

grocery stores and landlords will see more spending occur as oppose to the once a year product purchase and i know for sure that the grocery stores, and food outlets that do accept bitcoin DO see regular customers. purely because their product category is a daily/weekly consumable

overstock use coinbase......................................

yet overstock hoards coins..........

need i say more?

microsoft receive millions of dollars a week, if you were above average intelligence you would realise that microsoft does actually invest some of its funds in different things. and as such i think microsoft's small percentage of current bitcoin transactions, they wold be more likely to hoard the coins for investments. after all microsoft points costs nothing to make and so there are no costs to recover to truly require exchanging bitcoin into dollar.

if i was receiving $10mill a week in dollar purchases of microsoft points, and then maybe $20k in bitcoin.. id hold onto that $20k a week in bitcoin and treat it as a 0.2% cashflow loss and a 0.2% investment gain.

as for the market hype.. well that was just a spasm reaction to news (speculation). untill we start to see microsoft advertise it, where by non-bitcoin fanboys are then intreged by bitcoin and jump on the bitcoin band wagon (which takes weeks) we wont see true movements that are based on market reactions to demand, as oppose to sheeple emotions (which last only about an hour)

is buying a cell phone bad??

come on, don't make this bit of main stream PR for bitcoin as being bad, atleast it wasnt related to:
selling sex slave
funding a nuke

not to mention the limitless abilities of bitcoin.

for instance:


this picture holds enough information to securely store $4,725,000,000* without a bank, third party or expensive security being needed

*rough value of current bitcoins in circulation

well coinrocka

bitcoin never asks for your birthname, home address or social security numbers. so bitcoin is about as anonymous as bank notes.
but when people do silly things like putting their bitcoin address in the footnote of their posts
EG 1JzEpKnB5ZYJoetBQF85Tjbqp9Fjorhe4v

it then becomes searchable to link coinrocka to 1JzEpKnB5ZYJoetBQF85Tjbqp9Fjorhe4v. and then using NSA tools and ISP data, to search internet users who have the pseudonym coinrocka.

and thus NSA/ your ISP establishes a link between your real life and a bitcoin address..

bitcoin is only as anonymous as the information PEOPLE stupidly give out on the internet. and even without NSA tools its easy to link coinrocka to other names.. isnt that right bitwhisky

let me guess although you may know the name of the guy that invented the wheel or the combustion engine. simply because you cant meet him or ask him questions you dont drive a car.

wake up, if you have an issue with cars you wont moan to the inventor of the combustion engine, you'd go to the current car manufacturer or dealer.. well bringing the analogies back to bitcoin.. the guy you need to speak to should you have issues. is gavin andressen

jamie foxx's character mentions paying for burner phones with bitcoins.

i say this because many people thought bitcoin would never be mentioned in a multi-million dollar movie in 2014... well.. it now has

kind of funny that they need to waste time and money in communications and dragging a third party into court simply to hand over documents that anyone can print out.

i think theymos should simply reply to emails with these links
https://bitcointalk.org/index.php?action=profile;u=3905;sa=showPosts
https://bitcointalk.org/index.php?action=printpage;topic=175.0

and then let the courts print it out themselves

betcoin.tm is a rename of the scam company "Massive Luck Investments Limited" which scammed people out of asic miners and that such.

they also own betcoindice.tm and other scamm sites that never pay out/refund large amounts

here are some other complaints i found by just doing a few quick searches
https://bitcointalk.org/index.php?topic=858720.0
https://bitcointalk.org/index.php?topic=287876.0

when people say that bitcoin is weird..

reply with
if you think that having value stored in something that is not a bank is weird. then ill show you how greatly weird bitcoin is.


this picture holds enough information to securely store $4,725,000,000* without a bank, third party or expensive security being needed

*rough value of current bitcoins in circulation

i was interested in reading about the 'ledger' hardware wallet.. up until i started reading abot the google chrome requirements..... and having to use a UI involving going to ledger wallets website...

GRRRR.. mega face palm..

when will any hardware wallet make something truly offline where the result is simply a signed transaction that can be copied locally and then pasted into a broswer.

with all of these web based UI's i can see weaknesses, i already pointed out a couple to trezor, to which they changed their 'bridge' from being a browser extension to being a proper self contained .exe

athough 'ledger' is more secure that standard webwallets, i still do not think that ledger or trezor are the 100% secure storage.

the ultimate solution is where mining pools and explorer services, even bitcoin merchants have an API so that anyone can psh a signed TX through. that way people are not relient on a single online service to handle their bitcoins.

EG if ledgerwallet.com was being DDOSed then people cannot simply paste a signed TX into blockchain.info or eligius's Push TX API straight from their computer. instead they would need to download electrum or something else to then import the privkey seed and then rely on electrums servers to be functional.

a true hardware wallet should not be reliant on any particular online service at all. and i cannot wait till the day that i can easily email, sms or even morsecode a signed TX to a friend, or any random one of 1000 web services to then have my bitcoin tx on the network. after all what if ledgerwallet.com is not around after september 2015, seeing as they only bought the domain for just 1 year licence...

the most single point of failure is in the 'single point'

a price jump based purely on a media story is not good. simply because its speculative. what would be good is where a bank physically buys lots of coins (such as the upcoming winkle ETF) which pushes up the price due to demand, rather then media stories