They are made of gold so when the price collapses you can melt it down to recover some of the investment. I find this not the least but ironic. that article is weird, it says they wont have the private key on them. So it's just a lump of gold with the bitcoin symbol on it? Not sure but it does sound bizarre. The original Financial Times article might give more details but it's behind a paywall... anybody have access? It says an independent company would hold the coins' private keys in escrow ready to be exchanged by paying a visit to the island. Can anyone else see the problem with this? Doesn't this open the door to fractional reserve? What's to stop them issuing more coins than they have keys? Paying a visit to Alderney is not exactly easy....! Seems daft the Bitcoin will probably be worth more than the coin, but you need to turn up in person to a tiny Island in the English Channel to redeem the Bitcoin part of it. Odd. Not very 'digital' is it! |
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A certain regular contributor to here has two 'attack threads' about him set up - WTF?!
I think it's the last phase before: "...then you win". Oh well  I may not agree with all you say, but (to paraphrase Voltaire) I will of course defend your right to say it. That of course logically applies to anyone who attacks what you say too, I am afraid. This is a forum about Bitcoin, however, and so I found the personal aspect of those attacks offensive and unnecessary. |
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A certain regular contributor to here has two 'attack threads' about him set up - WTF?!
They are personal and relate to health issues etc. I am pretty pissed off about it and I have said so, but of course that only makes the threads more current...
Whatever you think - I just want to say that I dislike this forum being policed by people who want to publicly disgrace others.
We are all a little bit out there, or we wouldn't be doing this - can I make a 'live and let live' plea, please?
Got that off my chest, back to candle-watching!
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I don't think we need this thread. Leave the guy alone, he's as crazy/sane as any of us are. He believes in bitcoin, so that's good enough for me.
I totally agree - live and let live, and let's leave the personal health issues out? You can ignore anyone you like here, it is up to you - but a personal attack thread is a bit much. |
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You have a right to say what you like and hold your own opinions, but I don't think bringing up people's illnesses and creating a thread to discredit someone (no matter how foolish, or 'manipulative' their posts) is neither worthwhile, or honourable.
There are plenty of people here who are not necessarily what the majority of people would describe 'normal', and they are what makes this forum interesting.
If you dislike someone's opinions or views you can ignore them.
Don't get me wrong - there people here who piss me off. However, I would not sink to this level and encourage the discussion of their personal health issues in this way.
I have found rpietila occasionally arrogant, sometimes laughable, but also very informative at times. I take a lot of it with a pinch of salt, sure - but I don't like seeing him picked out for vilification.
Live and let live - ignore and debate, but why bother with this sort of public attack?
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Confession - I went a little bit into fiat at 1215, so I am hoping for a bit of a correction.
Hey - it's no fees weekend, am I forgiven?
Honestly, I think you'll be lucky if we see triple digits again. I suspect a big 'crash' around 1500 but not sure it'll crash a third. I am not looking for three figures - I just figure this weekend will go up and down like a yo-yo and I have buy-backs set in the upper to mid 1100s. Just want more coins! Thanks to people like you market sentiment is 1k+ and you're right. Have to say, it's amazing how ew people realise it's about getting as many coins as possible rather than trying to make as much $ as possible. I think you have it spot on. My new revision/prediction: anything below 10k is cheap. The thing about 10k, is that it makes 100k reasonable. Bitcoinity is moving to mBTC soon. Hopefully $1 makes $100 seem reasonable. If that is so - it is good news - we are ling in the 1000+ USD world, up with the gold price, it is not something that seems affordable for 95% of the planet, a $1 (ish) m BTC will make a real difference, 'hey you can buy 10 m BTC for a few bucks, dude' will bring way more people in. Which is both inclusive and furthers our interests. |
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I'm as far from a bear as you can get.  I have BULL written through me like a stick of rock, but I wanna play for more coins! I just don't think over 1200 will stick all night, sorry chaps! |
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Confession - I went a little bit into fiat at 1215, so I am hoping for a bit of a correction.
Hey - it's no fees weekend, am I forgiven?
Honestly, I think you'll be lucky if we see triple digits again. I suspect a big 'crash' around 1500 but not sure it'll crash a third. I am not looking for three figures - I just figure this weekend will go up and down like a yo-yo and I have buy-backs set in the upper to mid 1100s. Just want more coins! |
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Confession - I went a little bit into fiat at 1215, so I am hoping for a bit of a correction.
Hey - it's no fees weekend, am I forgiven?
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The only worry I have is we're a market rather than an economy. We need to make 2014 the year when bitcoin destroys western union and is much more widely accepted for buying stuff. Remittance is the killer app.
+1 If we can deal with it not looking expensive and getting across that you can spend a dollar via BTC, and it's cheaper than WU - it will be adopted. People aren't stupid if they can save money - they just need to realise that they can - and it's accessible and practical to someone with 200 bucks to send home. |
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We just went over GOLD!
Gold $1252 spot on Kitco right now. So ^almost^ there (MtGox). Oops - out of date prices, apologies.... Soon though, eh?  |
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Where can I buy Edison Dollars?
Just hit the alt coin market today: Edcoin it's gonna be the new bitcoin! EDIT: sorry, I'm just really bored - when does the fun start? And what happened to Adam - he hasn't been on for ages... Anyone know if he's ok? |
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It's sitting halfway between recent ATH and relatively recent low... Like a truce in the trenches for the USA to have thanksgiving. Let's see if it holds if China dips below 7k and the 'muricans get into evening...? Give it an hour or two - max... |
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whoop whoop, made 2.63 BTC from alt coins and finally safe back in BTC.
It's nice to have the relative stability of BTC, isn't it? I'm tempted to sell part of my alt coin stash just for the stability factor. Someone put a 20+ btc wall out on QRK and it's getting eaten through so I think I'm going to hold on to that and see what happens. Stability? On what time frame are you calling this 'stability'...?! |
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Here is a question: do crashes/corrections ever happen after the price goes sideways for a couple days? It seems like when the price stabilizes around a certain point for a few days, it usually goes up before it comes down.
This is Bitcoin - nothing is certain - other than not many players buying and selling 'big' right now. It won't last forever, it just never does.. Don't forget, Bitcoin hit around gold parity earlier - it's not a small deal  |
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This thread only comes alive when the shits hitting the fan, up or down. Sideways trends and everyone's sleeping.
Everyone's gone out and left the bots in charge - unless some whale makes a move - it's a flat line form here to China and back as the arbs even things out. I was hoping for some fireworks tonight - but it will probably 3am my time... Yawn... Let's hope the thanksgiving boredom makes a whale or two feel lucky...? |
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1€ would be nice now (~1.36USD)
FTFY we're using m BTC now. You and who else? We need to at least talk about it - the masses will be excluded - who the hell (apart from the rich) will want to buy into a market where one coin is over a thousand bucks? |
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Can you see the headlines
"Bitcoins worth more than GOLD!"
Eek!
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