Slow Monday morning Choo Choo...   |
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Sorry for the off-topic, but does anyone know a good/cheap/safe way to transfer credit card money to regular bank account money (US)? Or to bitcoins? Trying to help out a friend.
Open a bluebird.com account, buy a vanilla reload with card, load and transfer to bank account. $3.95 per $500, much cheaper than cash advance/balance transfer fees. Something has to do with this??? http://www.coindesk.com/colorado-marijuana-dispensary-bitcoin-evade-federal-laws/J/K of course. It was far too tempting  |
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As I said before, I am satisfied that the technical part is sound, but I still cannot see how it can succeed economically. I am still trying to understand how the market works (if it does).
You remind me of me a couple of years ago; I was skeptical about it too. I have a degree in computer science as you do which helped me a lot to understand the protocol and security part... My second degree in Physics helped me a lot understand the chaotic nature of it and determine its equity predictability (more here: https://bitcointalk.org/index.php?topic=372346.0 ). I had to study economic theory (which I did). That explained why it's gonna be the "last man standing" after a global economic conflict. All in all, I came up with a bold conclusion: Bitcoin is a virus. I'm infected. We here, are ALL infected. We will be assimilated and doomed to HODL some! PS: Having a couple will be your life's safest bet. Go for it if you can afford it. |
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* macsga is on board... It's the Sunday ChooChoo... |
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 CCMF!!! |
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By analyzing the transactions in the blockchain and matching them with a detailed table of BTC price over time, is it possible to figure out the amount of BTC that was last bought at a given price?
The goal would be a table saying, for instance
10,000 BTC were last bought at 1200-1250 USD
7,000 BTC were last bought at 1150-1250 USD,
...
5,000,000 BTC were last bought at at 0-50 USD.
Such a table should be useful to speculators, no?
How would you know off-book transactions price?  |
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Bitcoin keeps waking me up in the middle of the night. What's it doing? What's going on? I'll just check the price on my phone. Oh, and now that I'm up I may as well check the wall and a few graphs... Oh, now I want to stay up and see if there is a price spike at 5:00 AM like has been happening lately... Who needs sleep...
sleep is extremely important you really need to watch yourself and not worry about price at 3:00am. trust me, Many poeple have crossed the thin line into insanity due to obsession over bitcoin price movements ( i am one of them ) Not if you
HODL!!!!!1You're sleeping like a baby!!!  |
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We don't need exchanges, we don't even need fiat for this. Only the fabric of the BTC network grow bigger and businesses like overstock come aboard. Then Huobi, MtGox, Kraken and so forth, will have nothing to do with BTC price equity.
I agree with your criticism of exchanges. However, even if cryptocurrencies succeed, traditional currencies ("fiat") will be around for many decades. Governments will pay salaries, pensions, contracts, treasury bonds with fiat, and will collect taxes in fiat. In some countries (as in China now) merchants must quote prices exclusively in fiat. While fiat exists, exchanges will be needed so that people who are not financial tycoons can convert fiat money into crypto money and vice-versa. At first, the BTC/USD rate will be set by speculation on the exchanges, and that rate will determine BTC's purchasing power for goods and services. If and when commerce shifts substantially to drect cryptocoin payments, things may reverse: the market of real goods and services will eventually define the purchasing power of cryptocoins, and that will determine the fiat/crypto rate at the exchanges. +1 Exactly! I find this to be a pretty accurate prediction. We must wait and see -with all that $ inflation around- what will happen to the "store of value" of fiat. We will eventually come to a point that NO ONE will want to give his btc for fiat (I came to this point since sometime 2012). Chances are you will be able to buy almost everything via BTC, so what's gonna be the point? The other cryptocurrencies will follow the same route. WTF did I just say? Will I be able to buy a Lambo with my 100k Dogecoins? Much wow, such goat!  |
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the plunge is coming, everyone must make the pledge!  PS: Polar Bear Plunge:  |
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May I suggest some perfect reasons why none of us here shouldn't give a black rat's ass for huobi or other exchanges.
1. They're not subjective to ANY legal regulations whatsoever.
2. If they want they can link each other with the API that MtGox gave them a couple of weeks ago (see backlog here for details).
3. MOST of the big (that is over than 10K coins) trades are being done OFF catalog and for certain reasons...
4. They tend to serve a purpose and that's the stability of BTC value (and getting money in the mid time).
5. If you were in their shoes what would you do to preserve 4 keeping in mind privileges 1,2 and 3?
6. There are equal chances that ALL the above I wrote is total BS and freemarket rules are in charge... who knows?
My point is that people want to know what BTC value is regarding to fiat money. That's just it. They want to know what's its store of value is. We don't need exchanges, we don't even need fiat for this. Only the fabric of the BTC network grow bigger and businesses like overstock come aboard. Then Huobi, MtGox, Kraken and so forth, will have nothing to do with BTC price equity.
Just my 0.00000002BTC
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No , that wasn't my point.
I believe and I said it so many times that houbi is one big fake. One huge enormous fake.
Maybe the reason Kitco don't list them? shit not even bitcoincharts lists them who are these guys? Wisdom has'em http://bitcoinwisdom.com/markets/huobi/btccny |
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Well well well... I'm missing for a day and you CCMFand partying with the girls without me?  |
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WTF??!!
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Coming soon:
"CCMF"
on a screen near you...
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The train is coming with its shiny cars. With comfy seats and wheels of stars. So hush my little ones, have no fear. The man in the moon is the engineer.
This trollb... err... I mean thread just entered another level!!! I like it!!! |
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Don't HODL your breath... Only your Bitcoins!!! PS: CCMF |
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How long until quintuple digits? I recommend researching villas, private jets and supercars that you would like to buy within the next months so you are ready. Might even get to purchase it with Bitcoin then.
I tend to get more "green" wheels in the near future. Thinking about a used BMW... this fella is giving it almost for free!  |
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GOOOOOD MORNING BITCOIN!! am i seeing this right, do we have a triple bottom? I would rather see a triple top then triple bottom.  hehehehe either way i'm set for glory! <- best bitcoin trader in the world  |
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From gmaxwell, bitcoin developer:
"The excuse giving for years of why consolidations of ten percent, twenty percent, or even more, in the hands of pool operators didn't effectively disprove the Bitcoin security model was that pool operators were more obligated than a typical miner to behave with the public interest at heart because the hashrate controlling miners could vote with their feet.
I've never been too fond of the argument: evidence (e.g. miners voting with their feet very slowly even when a pool is clearly robbing them) suggests otherwise... But that argument doesn't even exist for GHash.io/CEX.io: the miners are captive and cannot leave. Worse, there is a moral hazard because an unknown portion of the hardware is paid for by other people (at top dollar rates too) and so if some stunt they perform debases its value... so what? Heck, perhaps it drops the market value down to nothing an cex can buy their obligations back for a song. This means that CEX.io can probably profit from an attack even if that attack ultimately fails." I will stick with the 1st part of gmaxwell's explanation. I find the second part a bit 'non-objective'. I guess I'm too naive - or too orthologic to believe that they cannot/won't do anything "funny". Time will tell. |
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