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Sure, get a table. Am at Boca waiting on the others
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Boca's is booked no reservations
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a place without a time is almost a meet up.
We have bocas at 8 what time for silk road?
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After getting a terrible cold yesterday, ended up sleeping in today. Heading out now. Will do a Jordaan walking tour from TripAdvisor Amsterdam app, followed by arts history tour. Will have to do museums tomorrow, since it's late today.
If someone finds a nice place to have dinner, let us know.
Boca's is nice in the jordaan. Make a reservation. Not terribly expensive and fantastic meat platters. This? Boca's Westerstraat 30, Amsterdam, Noord-Holland, 1015 ML +31-20-4230788 http://www.bocas.nl |
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Headed over to the Museum as well, after being closed for 17 years, it will be my first chance to get in as well. I've heard is is phenomenal.
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"Democracy: The original 51% attack".
why are you even on this forum then? don't you like bitcoin? If you like democracy and think 51%+ should control all decisions about currency, why are you on this forum and why do you like Bitcoin, if it specifically considers 51% democracy as a threat? It is an interesting point. Perhaps no where else in modern society is the threat of Democracy devolving into Ochlocracy given so dangerous an incentive as it is with Bitcoin. If there is any politics in Bitcoin (and I'd maintain that there isn't), it would be this lesson: the necessity of mustering the individuals to prevent this Tyranny of the Majority against the rights of all to the freedom of transaction. Or if we recall our Tocqueville: "If it be admitted that a man possessing absolute power may misuse that power by wronging his adversaries, why should not a majority be liable to the same reproach? Men do not change their characters by uniting with one another; nor does their patience in the presence of obstacles increase with their strength. For my own part, I cannot believe it; the power to do everything, which I should refuse to one of my equals, I will never grant to any number of them." -"Tyranny of the Majority," Chapter XV, Book 1, Democracy in America |
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if you walk to the end of the rozengracht, away from the center, then turn right onto marnixstraat you will see the big sign for the bar
7:30p - ?? Café Sound Garden Marnixstraat 164-166, 1016 TG Amsterdam, Netherlands Phone:+31 20 620 2853 Hours: Friday 1:00 pm – 1:00 am |
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"Democracy: The original 51% attack".
why are you even on this forum then? don't you like bitcoin? Bitcoin has no politics, rather it is about pure honesty.. It is good for all people, of all types, irregardless of the political systems (or lack of them) in which they find themselves by accident of birth. It is as much communal and democratic, authoritarian and anarchistic it is all of these when it is the honest and best for that aspect and so also it is none of them. Its checks and balances are encoded mathematics. It is outside of the box. |
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Is it possible to still buy a ticket at the entrance today?
Yes. Doors are open already come on over. Where do you guys sit? I want to buy one of these nice coins. They were around 0.3 BTC right? I look like my picture in the program, and I brought the same hat with me so I can be more easy to find.  |
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So we have all those trusts and funds; and they will grow and new will arrive. They will accumulate bitcoins. So no bitcoins left for real use. No real economy. And .... bitcoins will be worth 0.
you are basically saying that purchasing bitcoins will make less of them available (true) and this will lower the price ?    If you had all the bitcoins existed, how much they would be worth? Not really important because that isn't how it works. But consider this.. If the value goes down, do you think some of those investors might sell? The free market is a good thing. |
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FYI I'm in the "Bitcoin Alternatives" panel today at the Bitcoin Europe conference today, will talk about Mastercoin.
Looking forward to it. |
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Is it possible to still buy a ticket at the entrance today?
Yes. Doors are open already come on over. |
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So we have all those trusts and funds; and they will grow and new will arrive. They will accumulate bitcoins. So no bitcoins left for real use. No real economy. And .... bitcoins will be worth 0.
The calculation is off... the investors are buying bitcoin yes, but the investing fund sells the underlying asset (bitcoins) at a trickle to pay its costs. The buyers are not buying bitcoins per se, they are buying an investment vehicle, and the fund buys bitcoin with most of the money that the investors give them. Essentially these funds create faucets of bitcoin and increase the price of bitcoins in the process. Their investors pay for the privilege of doing this. |
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And the sophisticated investor net worth calculation excludes primary residence. On the theory that where you live is consumption, not investment. Be interesting to see if anybody invests. I'm not sure.
My take is that a lot of older generation's wealthy folk will shun Bitcoin from the go as they simply cannot get their head around the concept. Some of these guys spent so many years watching things come and go and beating the same old stick that it has become almost impossible to acclimatise their brain to new ideas and technology, especially in finance. The young & wealthy are more likely to be curious, investigate and invest themselves through more direct routes. Then again I'm sure SecondMarket had enough interest to put the plan through the motions so I'm skeptical of my own skepticism. Hopeful.
Some hedge fund money managers and fund runners can enjoy this too, just not to the degree of an on exchange ETF, but this does give them more legal cover (and a deeper pocket they can sue) if there is something fishy. It adds confidence. It brings in new buyers, it creates some increased awareness, and someone else's lawyers can fight some of the battles that may arise. Lots of good things here, just like most of what the Winklevoss team is doing is good for Bitcoin generally. What it doesn't do is the grass-roots work of developing the Bitcoin economy, and it doesn't do much for most of us. I have some fair bit or retirement money that I would like to have in bitcoin but IRAs and 401Ks have limits on how you can invest them. When bitcoins will be represented in investment trusts and funds that these sorts of accounts can hold, it will be a win. This brings that a step closer. Bigger news would be a major online retailer having an option to buy using bitcoin thus taking advantage of the lower transaction costs. Usage stimulates the Bitcoin economy more than trading. Trading relies on usage for supporting the valuations. |
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I can't add it to the tally on this thread. BTW, I'm having trouble finding the transaction. Was a different address used? I only learnt about Nakowa last night via Google. They aren't joking man. This really happened. http://blockchain.info/en/tx/cd25189eca2ac337d58a0e892211ffb534eb6065240316949f1860862684e939That's me moving it out of my tip account on reddit DIRECTLY into storage. I love reddit tipbot...but that's a lot of coins. This community never ceases to amaze me. The generosity is limitless. This should start a trend, or at least a T shirt, "If you want to get lucky, Feed SeansOutpost" |
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Unfortunately a bad timing as there is as well the conference in Amsterdam  Yes, come to Amsterdam  |
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This is like making a run on a bank.
The US litigation and enforcement actions ignited this, but MtGox may get through it yet.
Unless there is a full out run AND their legal liabilities overtake their aggregate profit.
I hope they do prevail, if only for the story of perseverance it would engender once Hollywood gets a hold of it.
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The question is as user705 succinctly put it, from whence comes the pricing data. Volume weighted averages are good because so much happens off the exchanges, which for a long time was dominated by Gox, but not so much at the moment. I am struggling with this issue currently for my http://Http://coldhardca.sh (backing bitcoin with silver and gold) project. Has a nice API and some agreeable rules for defining the BPI (Bitcoin price index) I'd reviewed that, and am still looking. Arbitrary rules give a political smell which tends to wrinkle my nose. Either that or their list in (i) is just an attempt to make it very easy for them. It looks specifically designed to remove MtGox? I just don't think it is what I seek. Simple price and volume math based on clean data from as many different sources without excluding so many of where the volume is would be ideal. I don't see a clear reason not to bring in Localbitcoin, Gox and all the smaller and country specific exchanges as well. |
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