While it is true that it is difficult to remove fiat from some exchanges, this does not mean that people are not willing to pony up fiat for bitcoin purchases. A bitcoin purchased from MT Gox for $200 still cost someone $200.

Anyway, my comment is: $200 is the new $100.

If you wait until it is safe you will make nothing. Risk = reward.

Last week i told my wife I was 80% certain bitcoins would first touch $200 again by New Years. Seems a ridiculous thing to say now. Amazing how your expectations and perceptions can change in a single week. The only thing I know for sure is that I know nothing for sure.

When I hear the talking heads talk about bitcoin, all I hear is this from Newsweek 1995:

The Internet? Bah!
Hype alert: Why cyberspace isn’t, and will never be, nirvana

After two decades online, I’m perplexed. It’s not that I haven’t had a gas of a good time on the Internet. I’ve met great people and even caught a hacker or two. But today, I’m uneasy about this most trendy and oversold community. Visionaries see a future of telecommuting workers, interactive libraries and multimedia classrooms. They speak of electronic town meetings and virtual communities. Commerce and business will shift from offices and malls to networks and modems. And the freedom of digital networks will make government more democratic.Baloney.

Do our computer pundits lack all common sense? The truth in no online database will replace your daily newspaper, no CD-ROM can take the place of a competent teacher and no computer network will change the way government works.

Consider today’s online world. The Usenet, a worldwide bulletin board, allows anyone to post messages across the nation. Your word gets out, leapfrogging editors and publishers. Every voice can be heard cheaply and instantly. The result? Every voice is heard. The cacophany more closely resembles citizens band radio, complete with handles, harrasment, and anonymous threats. When most everyone shouts, few listen. How about electronic publishing? Try reading a book on disc. At best, it’s an unpleasant chore: the myopic glow of a clunky computer replaces the friendly pages of a book. And you can’t tote that laptop to the beach. Yet Nicholas Negroponte, director of the MIT Media Lab, predicts that we’ll soon buy books and newspapers straight over the Intenet. Uh, sure.

What the Internet hucksters won’t tell you is tht the Internet is one big ocean of unedited data, without any pretense of completeness. Lacking editors, reviewers or critics, the Internet has become a wasteland of unfiltered data. You don’t know what to ignore and what’s worth reading. Logged onto the World Wide Web, I hunt for the date of the Battle of Trafalgar. Hundreds of files show up, and it takes 15 minutes to unravel them–one’s a biography written by an eighth grader, the second is a computer game that doesn’t work and the third is an image of a London monument. None answers my question, and my search is periodically interrupted by messages like, “Too many connectios, try again later.”

Won’t the Internet be useful in governing? Internet addicts clamor for government reports. But when Andy Spano ran for county executive in Westchester County, N.Y., he put every press release and position paper onto a bulletin board. In that affluent county, with plenty of computer companies, how many voters logged in? Fewer than 30. Not a good omen.

Point and click:Then there are those pushing computers into schools. We’re told that multimedia will make schoolwork easy and fun. Students will happily learn from animated characters while taught by expertly tailored software.Who needs teachers when you’ve got computer-aided education? Bah. These expensive toys are difficult to use in classrooms and require extensive teacher training. Sure, kids love videogames–but think of your own experience: can you recall even one educational filmstrip of decades past? I’ll bet you remember the two or three great teachers who made a difference in your life.

Then there’s cyberbusiness. We’re promised instant catalog shopping–just point and click for great deals. We’ll order airline tickets over the network, make restaurant reservations and negotiate sales contracts. Stores will become obselete. So how come my local mall does more business in an afternoon than the entire Internet handles in a month? Even if there were a trustworthy way to send money over the Internet–which there isn’t–the network is missing a most essential ingredient of capitalism: salespeople.

What’s missing from this electronic wonderland? Human contact. Discount the fawning techno-burble about virtual communities. Computers and networks isolate us from one another. A network chat line is a limp substitute for meeting friends over coffee. No interactive multimedia display comes close to the excitement of a live concert. And who’d prefer cybersex to the real thing? While the Internet beckons brightly, seductively flashing an icon of knowledge-as-power, this nonplace lures us to surrender our time on earth. A poor substitute it is, this virtual reality where frustration is legion and where–in the holy names of Education and Progress–important aspects of human interactions are relentlessly devalued.

I had some setup issues with CGminer, so tried BFGminer and that went smooth as silk. Used Stratum with a diff of 32 to keep them well loaded. The Little Single 30gh/s have been busting out 32.5Gh/s each as reported by BTC-guild for well over 2 months now.

Simply impressive. Rock solid. I may buy a few more on ebay since they occasionally go cheap.

It appears FC will be offering us that alternative you seek in the near future. I don't think at the moment there is any model that can even determine the fair value of a share of AM within an order of magnitude. There is just too much we do not know at this time.

Solving problems before most people are even aware that they exist... sounds like an outstanding business model. FC must have noted that cooling was a major issue when he deployed thousands of blades. It will likely be something any large deployment will have to address. Having an in-hand solution puts you miles ahead of of those who deploy a farm and then find expansion difficult due to cooling issues. There is a practical limit to what one can accomplish with air cooling and that sets a cap on density, and thereby efficiency. This may be one of the best investments a company could pursue, with every major deployment as a customer.

It is said that in the gold rush, the ones who made the money were those selling picks and shovels. The truth is that those who became rich were those who provided a marketplace and distribution channels for those who wished to sell picks and shovels. It appears that FC has noted this, and is taking steps to be the leader in this arena as well.

To state that "x" is not sustainable or that "y" is overpriced or that "z" is unrealistic shows an amazing amount of hubris. You could be right, or you could be wrong, but both have very little to do with methodologies and almost everything to do with luck. At this point I don't think anyone has a clear idea is going to happen one day to the next. Knowing this is likely the most valuable piece of information you can hold... knowing that in effect you know nothing.

What happens is, the Fed just buys all of the debt. There is no practical reason they cannot just buy it all if no one else will take it. Although, what that does to the exchange rate and the balance of trade is anyone's guess.

My wife has an online antique business, and sells through a variety of outlets including ebay. I showed her what coinbase was doing with their system including bitdazzle. She was blown away. Her fees drop so significantly that if is almost as if she had been walking uphill to the well to get some water with two anvils strapped to her back, and now she can just drop the anvils and run up the hill.

I am not trying to shill for coinbase or bitdazzle, and I don't know how they will play out in the future. But I do think that if businesses adopt a similar model and it actually works as advertised that those who do not adopt will wither and die. This is a real-world example where bitcoins as a concept meets bitcoins as an application and the results can be staggering. For ecommerce it will be adopt or perish.

If you stuck with filecabinets and typewriters you went bankrupt in the 1980's.

If you decided your business did not need a website you went bankrupt in the 1990's.

If you ignore bitcoins and stay with paypal and credit cards you will go bankrupt by 2015. You will not be able to compete with those who adapt and adopt. They will take all of your business because of the direct benefit to their bottom line. They will be able to offer lower prices and strangle you.

If printing money does not cause inflation, then why does the government bother with budgets at all? They could just print up money and spend it on whatever they like. They could simply print up 10 million dollars for every citizen, hand it out, and then we could all retire and live in luxury. The truth is, printing money is a balancing act between goods and services produced and the amount of currency available for circulation. Go to little or too much and things get jacked up really fast.

Forwarded to dev team for implementation. Feature should be available within 48 hours.

Bump for new infographic

Bump for new infographic.

Thanks for pointing those out. I will get the dev guys on those, especially allowing more text in the title box that can be displayed in the ad. Appreciate the feedback.

All new verified accounts receive 0.00005 to try it out!

This.

I don't think he is taking running blades out and then immersion cooling them. The immersion cooling is probably additional blades so that would be 47 + 60 + 19 for 126 Ths.

I suppose that depends on the contents of the report. I do have high expectations though.