If that is a real bet, I'll take it.
It's just an expression Figures  I've the bad habit of being over-literal. Comes with the training. |
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Edit: I'll bet if someone calls up that Domains by Proxy, and says they are filing criminal charges against the owners of phenixex.com, you'll find out who the real owners are.
DomainsByProxy is a standard Godaddy feature. It is what you get if you pay a few dollars more for the domain to not have personal information associated with the domain. If that is a real bet, I'll take it. I will bet you that informing domainsbyproxy: "I am filing criminal charges against the owner of X domain" is not going to get you any new information about the owners of the domain. Having a court order in your hand might (and it might not, depends on the court, and the order), but simply asserting what you expect to do, very much won't, I'd wager. |
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Specie drastically limits one's options when it comes to exit. I can move far more value through an international airport via a brainwallet than I can carry in gold or silver.
For that example, I heartily agree with you. Having carried significant value of gold and silver through international airports, I can attest that it is not effortless. Your example speaks to physical exit rather than monetary system exit. No argument against brain wallets, I leave argument that to Gavin. They each have uses. Both are "Exits". For example, it may be hard to leave a brain wallet where, if you are incapacitated, someone you want to find it will find it. Sure, the protocol allows for coins to be spent automatically after a time, and one could program a dead-man switch to push inheritance out. Its just something you get for free with material commodities. Its exists outside a head and outside a computer. For some purposes, that is a feature, for others it is a bug. The two are almost opposite in function but united in purpose, and so are excellent compliments to each other. there's only going to be one winner in the end. If you have only one, you are fairly sure to lose in the end. Resilience is all about the plan B, and the plan C, D, E, F |
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I certainly appreciate receiving the first gold plated coin (not to mention you replacing the lost silver coin) but am hoping these will soon become widely available to your retail customers (early 2014?) which would obviously facilitate their implementation as a unit of exchange vs. their current "collectors item" status. Yes, some progress on that circulation vs collector front this week... In addition to the EU availability via online retail (currently limited to 20 ea), at Bitgoud.nl (or bitgild.com for English), we also (as of today) can announce the soon to be availability of US online retail through none other than AGORA COMMODITIESWe are less than a month in to the formal release of these so I am happy with this modest progress. We still need our first Asian distribution channel and welcome suggestions for that. Although I love collectors, the real place for these is not in the safe or on the mantle, but in the pocket. Having these two excellent companies handle the retailing is a wonderful development and I encourage everyone to use them. They can provide a much better retail experience than I can. If you are looking for a couple hundred (or a couple thousand) pieces, please continue to feel welcome to contact me privately. Both Agora and Bitgild take bitcoin payment and uphold the finest of ethical standards and I am honored and delighted to work with them. Both of these companies also maintain a thread here in this forum: AgoraBitgildSo it might be a good idea to visit those too, if you haven't already. |
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Hosting is not cheap. Especially if you want to do it in a secure fashion. Secure hosting is needed since the server needs access to a private key with a sufficient Mastercoin balance. I also doubt that the people who will go for a 500 USD bounty are the same the people who know how to securely host and build their code. But I hope I'm proven wrong My recommendation (since you almost asked) Mastercoin dev team should pay for (and own) the server hosting accounts, as well as the SSL cert registrations, though perhaps let the bounty winner specify the environment. |
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Who wants gold and silver given their downward sloping graphs?
Gold and Silver, even when down are still wildly popular investments. They are one of the only fairly well guarenteed investments. While Precious metals may not have the dramatic shifts up and down like Bitcoin has, If you buy gold or silver, it is almost guarenteed that your investment will at the very least keep up with inflation. So when the US Dollar is junk, Bitcoins are dead (A very real possibility) and you are holding Silver and Gold, you wont be totally screwed like if you were holding solely USD or Bitcoin. Fiat, the US Dollar in particular has been on a downtrend for the last 80 years. Bitcoin has had a rediculous growth in the last 5 years, but it really hasn't been a thing long enough for people to know in what direction its going. And Gold and Silver have been a fairly stable form of currency or investment for over 3,000 years. Why not diversify? Well aside from the precious metal content, some of these are very sought after by collectors. |
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I took some pictures comparing the silver and gold plated Liberty coins with the Mulligan Mint silver coin and the Casascius silver bitcoin comparing them to a 1oz American Gold Eagle (for scale). The Casascius silver bitcoin is a heart stopper but has a mark up (over market value) of over $100. The silver Liberty Coin is my next favorite. Although the gold plated coin is more brilliant than the picture would suggest it has a slightly duller appearance than the silver coin. However, keep in mind that the gold plating may delay appearance of patina (tarnish) if that is important to you. The Mulligan Mint coin is a nice novelty but has a less aesthetic design. All QR codes were easy to scan if you eliminate glare but the Liberty link is a page showing the current coin market value. The Mulligan Mint link is just their storefront page. http://postimg.org/gallery/7mocx58g/Keep in mind that this is somewhat of an apples and oranges comparison. Casascius coins are designed to be a store of value or a collectors item. The Liberty Bitcoin Specie is meant to be a unit of exchange. Thank you for these. I am noticing some subtleties as well, the rougher edge on the back of the BTC on the Casascius piece suggest that Mike is likely using a mold strike rather than a high pressure fine CNC die strike. http://postimg.org/image/lpdvlgg3z/I would like to help Mike with these if given the opportunity. I am not yet happy with the results I am getting with my own pieces either. I see a lot of improvements I need to make, especially in the metal production process to obtain a smoother surface where mirroring is used on the piece. I'm a tough critic though, as I stick them under a microscope and can get pretty picky. There is a lot that can be deduced from a careful analysis of a coin, but what really has me curious is how they will work after being handled daily for a few years. I carry one in my pocket daily to achieve that result, if anyone else is doing so, I would be happy to hear of your experiences. Also DWDOC is the holder of (as depicted) the one-of-a-kind unnumbered electroplated first year of issue piece. Along with that unique piece, one sample was made of the Satoshi Nakamoto 5th year commemorative, electroplated in gold, but I've retained that myself and don't expect to part with it. (Though I've been known to sell pretty much anything for bitcoin.) All of the other electroplated 2013 are in the FIRST YEAR OF ISSUE numbered collectors series, and come with numbered and signed certificates of authenticity. For those who contributed to the project, they may also have a personal note written on the back of the certificate. |
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buy-and-hold
New investment strategy:
buy-and-lose-track-of-it
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Yes, they had an easier time with the ATM then they did with their camera. |
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"I think Bitcoin could be worth upwards of $500,000 to $1 million a coin." -Former Facebook Vice President Chamath Palihapitiya
Chamath means business.
He has more coins and his coins are more valuable than mine  Or his dollars are worth less. |
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Go for it. You'll need judges well versed in international contracting legal issues http://www.linkedin.com/groups/Association-International-Arbitration-3424020You'll need some technology (to convene the court, online I'd imagine), probably you want to join some of the organizations http://www.arbitration-adr.org/But why not do the simple (at the outset) and liaison with one or more of the existing firms that do this? They may not have the subject matter expertise, which could be the value-added from your group. You could work with several in each region, developing the relationships, and select the appropriate firm for the particular contract issue. Bitcoin is still a small-fry in international contracting, but the growth is going to prove rewarding. I wish you every success with this venture. |
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Specie drastically limits one's options when it comes to exit. I can move far more value through an international airport via a brainwallet than I can carry in gold or silver.
For that example, I heartily agree with you. Having carried significant value of gold and silver through international airports, I can attest that it is not effortless. Your example speaks to physical exit rather than monetary system exit. No argument against brain wallets, I leave argument that to Gavin. They each have uses. Both are "Exits". For example, it may be hard to leave a brain wallet where, if you are incapacitated, someone you want to find it will find it. Sure, the protocol allows for coins to be spent automatically after a time, and one could program a dead-man switch to push inheritance out. Its just something you get for free with material commodities. Its exists outside a head and outside a computer. For some purposes, that is a feature, for others it is a bug. The two are almost opposite in function but united in purpose, and so are excellent compliments to each other. |
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You can bet the big credit card companies, Paypal, and others will attempt to bribe public office holders to make bitcoin illegal or put controls on it.
That is the American way, after all is it not? To purchase the force of government to do your dirty deeds.
It will not work in the long run.
If Amazon and others do not accept bitcoin, that is fine. The market will simply go around them and create a plethora of businesses that do accept bitcoin. So there are absolutely zero worries on that score.
Amazon takes bitcoin even if they don't want to. Gyft cards take bitcoin, Amazon takes gyft cards. So its only Amazon's loss that they don't take it direct. |
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you are right about monetary freedom but will the people will risk their freedom for monetary freedom when they got fiat risk free.
Freedom is taken, not granted. Fiat is risk free? Read some history please. There is no freedom without monetary freedom. |
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As said, just parroting St. Terence McKenna. Still worth repeating though, as this point of view gets overlooked too commonly. Spent a delightful private afternoon with Terrence over tea in his woodland home in California, and rubbed shoulders at a handful of conferences. He is deeply informed by plant inspired wisdoms and a profound cultural engineer. He will be missed. |
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A thoughtful presentation. Bitcoin enters at 9:20 as an example of "Exit", a part of the "opt-in" society. Specie is another often overlooked example of "Exit". As a no-tech result of both digital and mechanical technology for manufacturing, the product is a durable companion currency to any zero counterparty risk transaction base, plays well with others. |
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Is this from the PIN discussion at OHM? |
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So JR,, not to be devils advocate but what will that mean for the value of MSC when you sell 1% ?
It should mean a positive pressure on distribution which in the long term should increase MSC's value. It's up to the market whether or not it wants to buy the coins, is it not? And I do wish to see how far Mastercoin can go with JR on full time... That is how I see it too vokain. If he sells that is actually good for the protocol. What matters is how he goes about selling it and whether it's dumped all at once or done intelligently over a long enough period. I don't think it will matter if he sells 1% if the demand far exceeds the supply. Also it does make a difference how he sells it and whether or not he dumps it all at once or sells it in a very organized smart way. If for instance he sells MSC for cash then it wont affect the BTC to MSC exchange rate very much because he'd be selling it to a completely different demographic. For example, JR could start up a regulated exchange or wait until something like Coinbase comes around to MSC and then sell to Coinbase (they have to get their MSC from somewhere right?). He could sell a little bit at a time so that the price doesn't change and do it quietly. He could for instance sell only when demand far exceeds the supply and only after it reaches the level of maturity where if there is plenty of people trying to buy it. As long as he doesn't sell before the community grasps the value of what the protocol is then it wont matter in my opinion if he does sell even if its more than 1%. At some point Mastercoin will be in so much demand, far more demand than we see with Bitcoin that there will be a need to match that demand with supply and he's the guy who has the supply. Concern about utility > concern about price. If he (or anyone) "dumps" >>% to folks that actually are using it, the value will increase. Use it, or lose it. |
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Paid translation might be a good use of some of the contest funds. If the spec / whitepaper can be translated into as many languages as possible and if more importantly the development documentation and concepts can be translated then it will probably catch fire.
This is PR++ |
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It doesn't mean anything as it's not actually approved yet. But when it does get approved, it means institutional investors and firms will have an easy way to throw funds at BTC without actually holding BTC. (Not sure why they'd want that, but hey.)
Of course as more shares are bought, Winklevii will have to purchase additional BTC to be represented, and of course as shares are sold they'd liquidate. Not sure *exactly* how it works, but I think that's the general gist. In the end, purchases of this ETF will (not-quite-directly) contribute to increased demand, and also the opposite.
I'd be curious to get a precise answer on this for my own curiosity. I've heard that the fund won't buy more coins, but just make profit and payout on the increased value of the 100k coins. I've also heard that they will buy more coins as they get more investors. And now with someone else in this thread, apparently they might sell coins? Does anyone actually know? Does this EFT or whatever force them to buy/sell/hold/eat/hump coins or can they do whatever they want with them? Here is the S-1 http://www.sec.gov/Archives/edgar/data/1579346/000119312513279830/d562329ds1.htmThe section on creation and redemption of shares explains it, but the basics are that more bitcoin can be bought or sold to fund or defund the ETF depending on the activities of the "Authorized Participants" who can do this in "Baskets" of 50K Shares of the WBCT (Winklevoss Bitcoin Trust) These Baskets of 50K shares will be equivalent to a declining number of actual bitcoin (over time) as bitcoin will be sold to pay the costs of maintaining the trust. When a new Basket of 50K shares is created (because the Authorized Participants are selling a lot of them to their customers) the trust will buy more bitcoin. When a Basket is redeemed, this often means that bitcoin will be delivered in redemption, however the trust reserves the right to pay out in fiat Dollars instead of bitcoin in the value of the bitcoin at the time of the redemption request. |
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