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^What's with the rally in Litecoin? Did Paypall make a statement about Litecoin that I don't know about?
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"Yes, I can't wait to start funding my PayPal account with BTC..."
That is a weird thought indeed. Unless they implement a dual balance, you might as well just sell all your coin and use a credit card. At least you get air miles then. We need to lobby hard for first class citizenship if they do enable bitcoin. |
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Please can you add the date and Bloomberg source to the thread title.
Many thanks.
Updated Sorry to be a pedant, but the date should be 2013- 04-24. Some day we would like to get this section to Alpha-sort into correct order. Thanks again. |
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*Winklevii power high-five. To the row-boats!
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Marcus' facial expression seemed to change dramatically, in a positive way, when BTC was mentioned.
You can't really "look into" bitcoin seriously without doing some reading on this forum. He was probably imagining this place blowing up as he said it. |
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Please can you add the date and Bloomberg source to the thread title.
Many thanks.
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Please. A moment of silence for the bears:
Thank you.
Please continue.
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Don't worry. In a short while the UK will laugh at all these people in other countries that have to wait ages sending money to exchanges. We'll have the most advanced network of street dealers anywhere in the world. Most will simply buy from a friend. It'll be just like the old bringing cartons of cigarettes back from holiday. No big deal. Every other off-licence will sell bitcoins under the counter.
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This. If you've ever found yourself sitting at a bench, soldering iron in hand, staring off into the distance marveling at the thought that voltage levels on the boards in front of you represent ones and zeros that can be ordered stored, processed using binary mathematics into numbers, words, phrases, equations, books, pictures .... (gaze off into distance now and wonder about that) ... then you'll have no problem understanding the tangibility of bitcoin.
If it is as voltages inside electronic components or magnetic charge on a spinning disk, at some level the bits are physically manifest, if they were not you computing device with which you are reading this would not work. As surely as the ordering of protons, neutrons and electrons in the atom define gold, silver and all the other elements, the human construct of computing ordering physical bits makes them identifiable as tangible objects ... and we choose to trade them. Simple.
Science bitchez. Dancing on the head of a pin is where we eat breakfast! |
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The United States, with extreme hubris, says to the rest of the world that "the dollar is our currency but your problem"
I now say unto the United States that Bitcoin is our currency and your problem, karma's a bitch and what goes around, comes around.
"Our currency, your problem" is probably worthy of an entry into the slogans thread. |
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I was trading OTC through my HSBC account until I had received a stolen payment through no fault of my own. They very nearly shut my account and banned me from using my account for buying or selling bitcoin. Plus they said they would be monitoring my account for signs of bitcoin trading and if they found any that they would shut my account down immediately.
This must be why Apple stock is getting hit so hard, the first thing criminals traditionally buy with a stolen id are iPhones.  |
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Anyone else giving other search engines a go these days ?
I'm happily moved over to duckduckgo, it does pause for a second before referring sometimes, but I'd personally give them a lot more slack just for providing a viable alternative. It's gmail I can't seem to get around to aborting; one of these days. |
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what they dont like is seeing the good old UK pound sterling leaving the UK for a european/US bank (exchange).
This is just silly. UK banks have a 100% monopoly on Sterling. Money never "leaves" the UK. If you want to take your money out of the country you first have to find someone to take it back in (so to speak). The banks couldn't care less either way. The only place Sterling can exist is in their database. Physical cash is negligible and in essentially fixed supply. Banks care about not getting big fines from the presently all too eager regulators. That's about it. |
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http://video.cnbc.com/gallery/?video=3000163361&play=1%5B1%5DEric Schmidt and Jared Cohen on the digital age and anonymous currencies. Eric Schmidt: "Bitcoin is a technological tour-de-force, what I don't know is whether ultimately it's going to be legal; because all money structures need legality for various reasons, including fraud and those sorts of things. It's too early to say." hat tip r/bitcoin. Edit: Oops, wrong Cohen, not the NY Times guy.
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Don't dismiss this guy! He is an economic advisor to Valve Corporation. If you want people all over the planet to be able to buy computer games with bitcoin; he's the guy you need to convince. Listen to this for a great interview on the structure at Valve and his involvement. http://www.econtalk.org/archives/2013/02/varoufakis_on_v.html |
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I think this analogy has legs.
The media brings giant waves of attention and speculation. When the water recedes, an enormous amount of destruction is left with newcomers hurting financially. The bitcoin community picks them up, shows them the ropes; before they know it they are back in profit and helping with the next wave of people.
Anyone see that movie The Impossible?
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The Guardian syndicates a weekly round-up of key articles from the NYT. Bitcoin made the edition this weekend. It's actually quite fair for a liberal paper that has Krugman on staff. There's a great ending line from Gavin but I won't spoil it for you.  |
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