Don't panic. If you use correctly brainwallets are the most secure.
But they are not newbie proof.
Looking at the extraordinary hoops folks are jumping through in order to secure their bitcoin, is a decent measure of how very far we have to go yet to get to mainstream adoption. These are early days. Like hearing grandpa talking about starting their cars with a crank. |
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wait were not going to the moon anymore?
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cool chart but the other possibility is it tops off here into another linear regression? You need more data, but just looking at the last two "bubbles" the slope has been less steep and it has taken longer. The current "bubble" seems to follow this pattern (so far). This may be indicative of greater market maturity (more exchanges, higher value, greater coin distribution), or something else. |
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It is rapidly becoming apparent that pricing the premium in bitcoin is proving to be untenable, and we are looking at changing this to pricing in silver instead to provide a more predictable rate with fewer adjustments.
Bitcoin prices are really doing well, and we are looking to provide the closest value with the most predictability.
Please look for a new announcement as soon as this adjustment is completed.
Thank you for your patience with this project as it develops, and especially to the courageous who have traveled this road with us in developing this natural extension to the bitcoin currency. Your comments and feedback has been tremendously valuable, and we are very grateful for your insightful critiques and generous compliments.
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Wow, that is fantastic, I feel like a little kid. The first thing I've ever bought with Bitcoin (off my phone!) are some of your specie. Woohoo!! Gonna be Xmas presents for my nieces and nephews. Totally brilliant, and very easy to do. Made up (as we say in the UK)  My first Bitcoin purchase was also from NewLiberty (a New Liberty Dollar), six months ago (which feels like several years in Bitcoin time). YES, good times. I remember that clearly, BitPappa. Downtown LA That was after the San Jose Foundation conference this year, back when the Bitcoin Specie was still in the quasi-secret planning stages and I wasn't even talking about it much then. When I was there I was asked to start issuing specie (precious metal coinage) for bitcoin. It took most of the year to see it realized. The gold pieces should be available very soon now as well, and thereafter the fractionals. There still aren't really enough bitcoin users to roll out everything right away, and these early year mintages are REALLY tiny so as Bitcoin grows, they might be pretty sought after. There are several elements about the 2013s that will be different from all others made. |
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Haven't visited ""GOODS"" in a long while ............. I like what your doing here, interesting qr code concept too, Well done NewLiberty!  MJB, you have something very special on its way across the ocean to you. You will have to let me know when you get it.  |
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I have class that hour  Maybe next time. Come by after class, its more than an hour drive for me so am expecting to stick around for a while at least. |
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Cup and handle again on Bitstamp?
Begins to look a lot like it yes, plus new money coming in. Next 24 hours will be very important i think. So people inside don't let the price fail because they think coins are cheap, and people on the outside want to get in because they think coins are cheap. And it's makes sense because there is no way the Senate hearing is already priced. Now I am pretty convince that this was only a correction (and that's mean was is coming gonna be epic). This. As a localbtc trader, I usually get an in-person trade request about once every two days. Since the rally to 900, I've gotten literally DOZENS of requests. 9 times out of 10 when I sell to someone in person, they need help setting up a wallet/ learning a few security/ safety tips. The people requesting lately aren't even there yet. They know they want bitcoin and they have cash for it. I'm turning half the people down if I can't immediately reinvest the cash back into btc (when Coinbase reached their max), and it's just a cycle. The same people still want it so they keep trying. Be careful with relying on coinbase. They frequently decide not to fulfill an order if the price goes up after you place the order claiming that it is high risk. It seems to happen whenever I get a really good price with them, I can have 5 or 6 approved on a day, but the one large order at the low of the day gets deemed "high risk". It is increasingly seeming that the risk is of Coinbase not being able to use its customers to take the risk on all their purchases and when the market goes up they keep your coins and send back your dollars. I have NEVER seen it happen on market down days. So if you rely on coinbase to backfill your coins that you sell on localbitcoin, you may find your coins declining unexpectedly when prices are going up and being stuck with dollars you don't want. |
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I can't believe I sold all just under 500! I was so happy to have over a half million $ that I couldn't wait. Oh well, I guess all I can do is sit in my new completely paid off house and cry. lol
Better to cry in a new house than outside in the park. You sold on stamp or gox at $500? Gox you could make a video on what you've bought with the fiat from the bitcoins, i'd be interested in seeing it Also you could always just buy 4 and wait for them to hit 100,000 but wow you have a lot of money anyway now so it's ok. I would probably cash out 50% when i get to 150,000 pound each Quick, get a mortgage and jump back in! The mortgage is a good tax break. |
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More great work from Tucker.
Put your money where your mouth is though, Jeffrey Tucker: Laissez Faire Books still don't accept Bitcoin for payment in their shop.
Yes, I have pestered him about this more than once, but he is not on the business side of that house. |
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a house is not fiat.
housing prices only ever go up. mostly, expect in america the land of bubbles
Or in China. Their housing bubble makes the US housing bubble look like foam. 1) Can't invest in foreign anything 2) Limited domestic investments available 3) Strong encouragement to invest in real estate 4) Massive building 5) One child policy demographic bubble about to burst 6) 80M empty houses (about enough for everyone in the US if the US were all homeless). So it is no wonder that bitcoin is their salvation. This is just beginning....very few there even know of it. |
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We will see $1000 gox in less than a week. Maybe 48 hours.
$400 gox never again
Choo choo mfs
still this. i don't make (public) predictions often but when i do Localbitcoin trades have hit US$1300. Fast coins are worth more. Not around here  I'd be all over that Tell me about it, easy arbitrage. |
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Year of the Snake for China...
Looks like yours has evolved...
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We will see $1000 gox in less than a week. Maybe 48 hours.
$400 gox never again
Choo choo mfs
still this. i don't make (public) predictions often but when i do Localbitcoin trades have hit US$1300. Fast coins are worth more. |
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This explains some odd behavior but it's not a big deal. This is a monstrous fuckup of enormous proportions, if this is true then their trading engine is broken beyond repair and should be taken down and replaced by something else immediately! Right, out of order execution is not acceptable. You might be surprised which exchanges do out of order execution... http://www.zerohedge.com/contributed/2013-11-04/wall-street-code-released**SPOILER ALERT** They all do, if you know the back channel op codes, and are an insider. The SEC seems to be turning a blind eye so far, we will see. This story is still developing. |
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Thanks for this, had missed that passport topic, til now. There are many implications to attaching identity to the block chain. Wealth based ID, Corporate identities, inheritance, bonded ID, multi-sig ID (partnership IDs / marriage or business), identity repudiation, and many other tangential identity management issues just to name a few. There are broad ranging implications for this, both for its utility and its social impact. It is a project that bears some review. |
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ich hab's doch noch geschafft meine Hose rechtzeitig anzuziehn und kann jetzt auch kommen, is ja gleich so weit, ne?  Heißt das, Sie sind nicht auch ein Stripper?  |
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That redhead was really annoying. I do think that someone could build a system on top of bitcoin that allowed people to register accounts and link them to there wallets That would open up a lot of possibilities for bitcoin and help with adoption. It needs to be done if we ever want to have a charge back option available for bitcoin transactions. Until it happens I don't see bitcoin gaining much traction with large companies. Paypal would be the perfect entity to do it but I doubt that will happen any time soon.
Its being done, multisig allows for all kinds of rules and contracts including chargebacks if required (it does not make chargebacks a requirement, it just makes them an option) There's also some development on bockchain based passports, voluntary self issued and controlled ID's that can be trusted by 3rd parties requiring identification. Any links to those projects would be cool for the curious. |
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