Maybe it's because I haven't had enough coffee yet either, but I'm with the OP. What makes Bitcoins valuable is people agreeing to use them. Bitcoin-clone-redux 5 isn't going to pull users away from Bitcoin, because Bitcoin is good enough, and getting people to put trust into a currency like this is difficult. Technology, generally, has a long history of the "good enough" stomping all over the "better".
You couldn't be more wrong. I didn't agree with anyone to use Bitcoin! I use them because I like their properties and their utility and because I know others do too. So if something else comes along with better properties and higher utility I'll mostly likely sooner or latter switch as will the rest of the Bitcoin users. |
|
|
|
|
I hope the price falls all the way back to $5 maybe even less.
|
|
|
|
|
Of course we will. As long as that better cryptocurrency gets a fair shot at making the market aware of itself the market is going to eventually switch over to it.
|
|
|
|
|
Neither right now as I believe Bitcoins are about to get a lot cheaper before they'll get a lot more expensive first.
|
|
|
|
|
Absolutely not.
If any sort of change happens and get's accepted that will give anyone any kind of powers over what they can do with Bitcoins other then those they have private keys for, I'll stop using Bitcoin that very second.
|
|
|
|
|
The answer to this question couldn't be simpler. Hire competent hackers to try and exploit any angle they can find and let you know of any holes the find?
Pretty straight forward..
|
|
|
|
|
I'll tell you who he is! He is a self proclaimed computer engineer who can't figure out what an open source software does.
Just watch him for the comedic value or simply ignore him is my advice.
|
|
|
|
With all the scamming and thefts going on, it seems like Bitcoins are only proving why an anonymous currency is a bad idea. If transactions are tracked, it kind of defeats the purpose. If they're not, anyone can make a profit from shoddy security and/or gullible users. It seems like the people benefiting the most from Bitcoins are speculators and scammers at the moment. It's an interesting experiment, but I think more people need to treat it as such and not put their life savings into it right off the bat. There are obviously a lot of wrinkles to iron out, and before that happens I think Bitcoins are going to suffer from a lot of negative publicity when people get hundreds or even thousands of dollars stolen from them. I feel that it should have been thought through a bit more before it was opened up to speculation.
What would you have done differently if you'd been the creator behind a new currency and what would you have kept the same?
Only after reading the first sentence I'm 100% sure I agree with this entire post. OH and while we are at it, leaving cash laying on the street and getting it stolen is obviously a problem for cash, so it's best we get rid of that as well, right?  |
|
|
|
|
I voted unsecured but that's only because it's empty and I plan on deleting this one and getting a new one that I'll secure before I'll put any of my Bitcoins in, that are currently deposited in an online service.
|
|
|
|
Maybe they cut corners on the text, but they don't seem to be outright thieves.
Jere
Cut corners on the text = copied all the text on the entire site and did find and replace with TradeHill for Bitcoin7. Maybe not outright thieves in regards to cash yet but they've obviously proven they don't mind taking from other people. Also I wouldn't trust an exchange that couldn't even proof read the text they copied. I don't trust them just yet either but don't you think a plausible explanation for using your text on their site might be due to them being Bulgarians and lacking skills in the English language but wanted to sound legit? |
|
|
|
He mentioned it in a little more depth in the middle of one of his long shows within the last two weeks, but sorry I'm not going to watch through them all again to find the reference.
I hate his website, so hard to find things.. Where do you find past sunday shows?? |
|
|
|
|
Haters gonna hate.
Honestly, don't bother with them, just do your best to spread the idea and the facts about Bitcoin as far and wide as possible and let the market decide for itself what to do with it. Bitcoin doesn't need our defense, it can defend itself.
|
|
|
|
Or you can use mine  : https://www.bitcoin7.com/?ref=5982Finally an exchange decided to add the Paysafecard option. I just don't understand what does Estimated cost 0-12% with this option mean? Anyone has a clue? |
|
|
|
|
That's kind of why I thought my idea could be beneficial. I was watching what happened this weekend live and the speed and fierceness with which the crash happened probably contributed a great deal towards a larger and more volatile swing.
My idea is of course not suppose to stop the market forces from working but at least it can slow them down just a bit so people have more time to react.
I don't know.. Naturally I'm not for any type of forced regulations but exchanges can experiment with different type of rules. Just like they allow partial depth table to be seen and dark pool orders they can come up with order placing rules and let the market decide what it likes and what it doesn't.
|
|
|
|
|
I have a potentially better idea. How about if mtgox limits people from dumping as many or more Bitcoins on the bids that would move the price for 5% or more. Same goes for jumping on asks.
So let's say someone wants to dump 1000btc on bids but yet there are only 900btc in bids in the price range from spot to 4.99% below and mtgox simply doesn't accept his order. He can still place it at spot but he can't single handendly crash the price beyond 5%. And if 5% is too little, then how about 10%?
Comments?
|
|
|
|
Fking finally Stef spoke about Bitcoin in one of his podcasts.  |
|
|
|
|
Show Posts
