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Krugman also said the internet would become obsolete...
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No.
What we need is a decentralized exchange.
That is the problem.
Not more "solid players". I know you meant well by saying that. But truly: Bitcoin needs no central points of weakness.
This is the entire reason it was created. And are we shocked that the failures have been in the centralized elements?
They are *always* the weak links in a decentralized network.
I don't know if Mastercoin Foundation's decentralized network invention is what I am referring to, but the days of "companies" owning "exchanges" and creating a "trust" situation needs to end.
More companies is not the solution.
-B-
How does one accomplish a truly decentralized exchange? That's the problem. |
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You may also want to consider local shops. Some people are afraid of another gold confiscation, it would be difficult to track a purchase made in cash. For silver, in addition to bullion you can also buy or look for pre-1965 quarters and half dollars, which are 90% silver.
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Dear Weak Hands:
If you can't handle the ups and downs of the Bitcoin landscape, my request is that you don't invest in the first place.
Its because of all of you that the price fluctuates wildly at the slightest bit of bad news. None of this superficial nonsense this past week should have caused the price to change 1 penny.
But because of you overemotional opportunists who know nothing about the infrastructure going up, and who have "0" confidence in the very thing you're investing in, we see dramatic price fluctuations.
This in turn makes Bitcoin look unstable and weak, because those doing the analyzing also ignore the infrastructure and commerce happening.
Please: If you can't handle Bitcoin, stop investing in Bitcoin.
Its only going to get worse. Entire countries are going to wage war on it eventually.
Central banking systems will go out of their way to bring it down.
If you think this week was bad, you will not make it through the next 2 years.
This message is also to you "day traders" who are playing a huge role in screwing with the price by your intentional panic sells and panic buys. Just so you can make $5 one day ... $10 the next day. You'll spend all day just to turn a miniscule profit, at the expense of the stability of the price. You're embarrassing.
Stop making Bitcoin look "weak" when it is as resilient as ever. You are the weak ones. Invest in Google or something. Please. Shoo...!
Thank you.
-B-
Welcome to a free market. If YOU can't handle it, I think YOU need to GTFO. |
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Could rapid price appreciation prevent :insertrandomstock:'s price?
Bitcoin kind of handles similar to stock. Did the price appreciation of anything prevent it's success?
Straw man. |
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A good thought. However, who would be entrusted with collecting the coins. I think that's the problem.
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The reason you should drop the ad is so that no other people open an Inputs or CoinLenders account. Also, you should never use the same password twice but if you did, you need to change them pronto.
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Well he said playing "whack a mole" isn't the solution so I don't see them directly targeting Bitcoin. It's just political posturing so they can make it seem like they're doing something in an area that they simply cannot control.
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I agree it is a sham. Bitcoin is not currency it is a speculative bubble.
Where have I heard this before....  |
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Why would you centralize something which essence is being decentralized?
I am seeking a patent for water that isn't wet. Ice? Technically not water, it's ice. Technically it is water. Ice is just one state of water (solid), the others being liquid and gas. |
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I don't think ebay will ever implement bitcoins!
Neither do I. Paypal is only alive because of Ebay and Bitcoin is a direct competitor to Paypal. |
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Coinbase buys instantly about 90% of what you "buy" when you do, and buys the other small bit when the money actually comes in. Thus, if a large price increase occurs they would take an overall loss on the sale due to the rise in price THUS they lie to you and say "flagged for fraudalent transaction" or some other BS to prevent a loss. Really wishing someone would sue them for this obvious and blatant lie and act of fraud against customers.
Do you have any proof? Its pretty obvious thats what they do. They say in one of their FAQ sessions, about the 90% or whatever. Find me someone who made a purchase with them and got canceled after the price went down. Funny that no one has ever had a purchase get canceled due to "fraud prevention" after the price goes down a significant amount. I used them multiple times in the early part of the year when the price of Bitcoin was skyrocketing. At that time there was no instant credit so I had to wait out the multiple business day hold but never were the transactions flagged for fraud. I'm not saying one way or the other what's going on because I truly don't know, just telling you my experience. Maybe it has something to do with the credit check company they use or certain people's credit history? |
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Anyone with a new witdraw processed?? Wich date??  I'm still waiting for my four figure withdrawal from July. Their backlog doesn't seem to be moving very quickly. Is this your first withdrawal from Gox? |
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I plan on investing 5-10k into btc and am wondering what would be the best way to store and forget about them?
Paper wallet is best, print it and put it into safe box. I would also laminate the paper wallet to protect from the elements/degradation. Cypherdoc also suggested laminating it between a piece of construction paper so the private key cannot be seen, which is also a good idea. |
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Coinbase buys instantly about 90% of what you "buy" when you do, and buys the other small bit when the money actually comes in. Thus, if a large price increase occurs they would take an overall loss on the sale due to the rise in price THUS they lie to you and say "flagged for fraudalent transaction" or some other BS to prevent a loss. Really wishing someone would sue them for this obvious and blatant lie and act of fraud against customers.
Do you have any proof? |
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Has anyone encountered any issues SELLING to them? I'm curious if the "high risk" flag goes both ways. FWIW, I've used Coinbase many times without issue.
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There are many wrong predictions.
1. Cars - who wants to drive a car with combustible fuel that could explode anytime
2. Photocopier - we already have carbon papers
And, many more.
The internet. |
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