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So let me get this straight, people faked a documentary about a fake app in which by faking being Super Mario gets them ... well Bitcoins.
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Well what did you expect? |
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The more I use it myself the more I am convinced.
+1 Sounds awful. I would not like my money to require conviction. |
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You obviously have never seen intersital ads and popups.
Not for a long time. I think if there were something like adblock edge for the physical world I'd use that too, |
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I has an IQ of 82 can I join yer club?  On facebook, you would be the most hated person, your could even be on TV by now. ( http://www.youtube.com/watch?v=9SQ60Eg47d4 (see comments)) And here... No one seems to have had a fuck about it, besides me lol Not nearly as funny as TsimFuckis. |
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When people call you a troll for making posts they disagree with and put you on their ignore list for replying to people who took the time to respond to your comments, the whole system becomes meaningless and just encourages circle-jerks.
I don't even understand why people would want to put anyone on an ignore list. I'd love one of the most ignored users to post the greatest bitcoin tip ever. People would then understand how stupid it is to ignore everything said by a person because they once said something you disagree with.
You certainly understand the mechanism, but I must say at this point I see it at as an honor that some people find my posts so annoying that they absolutely do not want to see them ever again. Only certain kind of ideological minded people done that, and there are alot of them on this forum. So I recently decided to fully commit myself to their expectations and changed my forum appearance accordingly. Also smoothie hasn't posted as much recently so I might have overtaken him by now.  |
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Has anybody said Dunning-Krugerrands yet?
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I can't see why the upper end of the Bitcoin wealth distribution should be excluded from the dilemma. I think it's even more pronounced for them.
the thing is, if they get out, they are distributing the coins to many more hands ie bringing more "prisoners" in  You'd be surprised how many of them would join the defectors, which brings me back to my thesis that Bitcoins will remain super-volatile over extended periods of time. (Longer than the overall bull market can last) At least until it gets to the point where the orderbooks are bigger than any group of people working together to bring the price down too drastically . either way, you'd have a rush of panic buying as S/D sets in and people buy the cheaper coins up. Yeah, that's the nature of falling knifes, there is always a floor underneath them. But if the air is thin the terminal velocity is quite high. |
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˙ǝlqɐuosɐǝɹ ǝɹoɯ sɯǝǝS ˙ㄥƐƐ$ oʇ ʇıq ɐ uʍop (00Ɛ$ ɯoɹɟ dn) ʎɐpıɹℲ ʎq 000Ɩ$ ʎɯ ǝsıʌǝɹ oʇ ƃuıoƃ ɯ,I 'pǝʇɐdıɔıʇuɐ sɐ ʇsɐɟ sɐ ƃuıʌoɯ ʇou sƃuıɥʇ 'ʞo
you could push your performance to a higher level if your spelling style would correlate more with your avatar. where's my like button when i need it? You think theymos would install the script for him? |
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I'd live there. Up on the very tippy top. Because I need the exercise. I'll take the small orange one and the glass house at the bottom. |
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I can't see why the upper end of the Bitcoin wealth distribution should be excluded from the dilemma. I think it's even more pronounced for them.
the thing is, if they get out, they are distributing the coins to many more hands ie bringing more "prisoners" in That's right. The thing about a Martingale is that you don't always have to be right, you just have to be right enough. Whales will make mistakes too. And all you have to do is to be just a little better than they are at calculating risk. That just made me cringe.  It's the way the world works. Only, the usual end-game for the really big players running a Martingale is to burn down the casino at the appointed time. And say, "Oh, those chips, they are from the old burned down casino, they aren't good here at this shiny new casino". Only, Bitcoin is really hard to burn down. And it is getting harder, exponentially. Will there be a new game? Absolutely. But there is a certain beauty in how difficult it is for any individual to gain ultimate advantage in a trust-free system. That's cute a trailer drives into the parking lot of the big casino parks in front of the employee rest room next to the ash tray and invites the ones out for a smoke for a spin of roulette. "It's burned down!"  |
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I can't see why the upper end of the Bitcoin wealth distribution should be excluded from the dilemma. I think it's even more pronounced for them.
the thing is, if they get out, they are distributing the coins to many more hands ie bringing more "prisoners" in That's right. The thing about a Martingale is that you don't always have to be right, you just have to be right enough. Whales will make mistakes too. And all you have to do is to be just a little better than they are at calculating risk. That just made me cringe. |
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I can't see why the upper end of the Bitcoin wealth distribution should be excluded from the dilemma. I think it's even more pronounced for them.
the thing is, if they get out, they are distributing the coins to many more hands ie bringing more "prisoners" in You'd be surprised how many of them would join the defectors, which brings me back to my thesis that Bitcoins will remain super-volatile over extended periods of time. (Longer than the overall bull market can last) |
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I can't see why the upper end of the Bitcoin wealth distribution should be excluded from the dilemma. I think it's even more pronounced for them.
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i said many time bitcoin dont have a economy is a lolconomy and i also said many time that my personal bitcoin velocity is near 0
I would say that is pretty much consistent through the userbase. chodpaba: Forex volume is actual moving money. If bitcoin days destroyed shoots through the roof one day I would think about discarding the possibility of a sudden high velocity crash, but until that happens it's always on the horizon, just like those mad upside rallies you guys are so fond about. Um... Yeah, it moves between the hands of FOREX traders. Your point? The amount of people using the buy and hold strategy are in a prisoners dilemma, once one of the major players decides to defect for whatever reason there won't be anything to stop the others from defecting. Individuals act irrational. |
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There are only a little over 20 mil dollars on mtgox. (at least according to the order book)
maybe not ? For example it currently takes up to 10 days to process a deposit because our bank, upon receiving deposits, notifies us of the deposit but holds them for 7~10 days before transferring them to our account. This has always been the case, and we were still crediting customer accounts before receiving the funds ourselves, but some cases in which the bank subsequently rejected the deposits meant that we incurred significant losses. https://www.mtgox.com/press_release_20130805.htmlMy rationale behind this is that almost everybody had their USD somewhere in a bid during the rally. It might go as high as about the double of that overall, which I doubt, but for sake of the argument lets assume it is true. 40mil wouldn't change anything in that regard. |
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i said many time bitcoin dont have a economy is a lolconomy and i also said many time that my personal bitcoin velocity is near 0
I would say that is pretty much consistent through the userbase. chodpaba: Forex volume is actual moving money. If bitcoin days destroyed shoots through the roof one day I would think about discarding the possibility of a sudden high velocity crash, but until that happens it's always on the horizon, just like those mad upside rallies you guys are so fond about. |
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