But you could also meet my friend Bubblepop and loose 1/2 to 2/3 of every dollar you have.
Somebody should use this song the next time we get some excitement to the downside: http://www.youtube.com/watch?v=bw9CALKOvAI |
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If they are matching internally, they are doing so poorly if they can get them off exchange less expensively. Maybe. Suppose their ability to send international wires in sufficient quantities was not scaling with their growth in BTC sales volume. In that case they'd have no choice but raise prices both to encourage more people to sell them bitcoins for USD, and to reduce the amount of BTC they have to source externally. |
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Coinbase buy price is >219, where are they getting them?
Maybe Coinbase has increased their commission? Or perhaps they are seeing enough BTC->USD business to start matching orders internally instead of relying on the exchanges? |
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I guess UKYO is getting screwed for kicking out all of the US users. Lack of funds maybe?
Ukyo actually showed up to a couple of Dallas Bitcoin Users meetups during late summer. Based on what he said he was working on at the time, I had high expectations regarding Weexchange. Apparently it never materialized. |
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I also assume that Coinbase is buying from both Btc-E and Bitstamp, whichever is lower. So I assume that that is closing the gap too. I may be completely wrong about who they are buying from though.
All day Coinbase has been selling at almost 3% above Bitstamp. |
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There would also have to be some undeniable proof for someone to believe it's really Satoshi. It would be trivially easy for Satoshi to prove his/her/their identify. That's one of the things cryptography is really good at. |
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Right at the back of this train but not getting off until my destination of BTC= $100000
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Expect copy cats. Mastercoin is a protocol that's easily duplicated. As a matter of fact, David Johnston (Bit Angels) is actively encouraging people to do exactly this. The model he is proposing is that every new startup use the Mastercoin model as a type of crowd funding. In that scenario, every new service would sell a limited quantity of colored coins to fund development, then would only accept those colored coins as payment for their service instead of generic Bitcoins. |
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In order to support exchange functionality between Ripple currencies and real-world currencies, Ripple needs the a non-revolving credit line, but it doesn't have one. Nobody is going to be able to implement a successful P2P currency exchange on Ripple, because of this infinite inflation feature.
How is this different from Mt Gox or Bitstamp? By that reasoning they couldn't exist, but they do. Are Mt Gox or Bitstamp P2P currency exchanges? |
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It means imminent crash to single digits We've now gone more than a year since trading in the single digit range (2012-10-27). Maybe you should update your trolling to double digit doom predictions? |
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64% of the weeks are actually positive for bitcoin, only 36% have been negative.
| Holding period | Percent positive | Percent negative | | 1 day | 55.9% | 40.0% | | 7 days | 63.9% | 36.1% | | 30 days | 63.0% | 37.0% | | 60 days | 73.2% | 26.8% | | 90 days | 78.8% | 21.2% | | 365 days | 89.3% | 10.7% | | 730 days | 100% | 0% | |
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otherwise just making it p2p for the fun of it is not doing anything. Actually it is doing something - providing a type of plausible deniability. Suppose CoinJoin transactions become a frequent occurrence in the blockchain. I can now spend funds from my wallet using transactions that appear to be CoinJoins, but are actually only my funds. I might only need to use "real" CoinJoin transactions some small percentage of the time. |
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piuk, and my, point is that decentralized P2P systems with anonymous counterparties aren't necessarily any better because you can't know if your counterparties to the coinjoin are the NSA/FBI/whatever. It turns into a numbers game. If x% of the participants are evil, then you need to mix 1/x times. Best to use both if you really need to be able to count on the privacy... and hopefully someone will come up with a off-chain transfer system on some Tor site that implements chaum tokens. I agree the ideal solution is a cryptographic protocol in which nobody can cheat, even if all the participants are evil. |
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However, in the short term, market manipulators can make a lot of money by swapping in and out, causing bubbles and crashes. This is not going to be a smooth transition. Of course they can do this, and probably will. I'm just saying they will lose in the long term. The ones that try this will end up being the bagholders who are holding massive quantities of fiat right when the rest of the world decides they don't want it any more. |
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Pretty soon the media will be putting pressure on the SEC to approve the ETF. We're going to see major price increases when it's approved, and possibly on the day it goes live, perhaps starting the period of exponential growth. Then, when it appears that there is no stopping it, that's when the super rich will cash out. They won't stay super rich making mistakes like that. The endgame for Bitcoin is to replace the Dollar, and the Euro, and become the currency that people "cash out" into. In this game, the last person to hold fiat is the loser. |
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After the last seizures of "wallets" from authorities, I have been wondering about how to prevent them from extracting the passphrase through chemicals and/or torture. Keep the bulk of your savings in multisig outputs, where the other private key holders are friends you can trust who live on other continents. |
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I like very much ripple as a transaction platform - way better than bitcoin but a lot less anonymous, can be confiscated more easily, not good store of value etc.
Given that list, in what way is Ripple better than Bitcoin? "This guy is the world's best surgeon, except that he routinely amputates the wrong limbs, operates drunk, and is also blind." |
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I wonder if any of the ASIC designers could produce provably-secure USB controllers. |
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One question piuk: does your servers in any way store records that would allow this mapping to be conducted by some entity gaining access to your databases? You should never asks this question of any service. Why? Because the answer you receive doesn't matter because you have no way to independently to verify the truth of a response. A dishonest operator can lie. An honest operator might not start out keeping logs, but could be ordered to do so and forbidden from telling you the truth via the threat of going to jail. An honest operator might not realize they are keeping logs because their system has been compromised. Under no circumstances can you trust someone's word about not keeping logs. This applies to VPN providers, bitcoin mixers, email hosts, or any other privacy-sensitive service. If it's conceivably possible that they are keeping privacy-destroying logs then you must assume they are, and act accordingly. |
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Everyone, please keep this thread ON TOPIC... There's a feature called "self moderated threads" on this forum which might interest you. |
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