After the hack, the value dove to penny, but has rebounded to $16. this is an uninformed person. let me fix that: After the hack, the value dove to penny on the one exchange, leaving all other exchanges relatively unaffected, but has since rebounded to $16 even on MtGOX. bank-sucking idiot... |
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Apart from the yakuza collecting the first 1.6mill before difficulty moved up for the first time and the fact that yakuza probably never stopped mining, what amount you think early adopters hold ?
yakuza at 2.0mill 2.000.000
1st commercial adopter at 300k 300.000
first 10 geeks at 100k each 100.000 * 10
100 poor geeks that could only afford a single card 20k each 20.000 * 100
then there are the rest of the mortals after the boom, 60k of them average 25
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total 6.700.000
If yakuza's intentions are legit, there is only a handful of people that will make a lot of cash from being there early. Less then 100. out of 7 bill people living on earth and 1500 being billionaires in 2011. This 100 will never really make any impact no matter how high BTC price would run EVER.
huh? yakuza??? |
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it's a bullshit article, nicely walking the line between innuendo and bias. it ends thusly: What do you think? i think they're full of shit. |
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pffft.
i don't use a roofing hammer to put a picture-frame hook into wallboard.
there's no real elitism that i can see - just a certain amount of vocal practicality.
i would never recommend that a musician or graphic artist use anything but a MacOS.
likewise, i would hardly suggest anything but Windows to a serious gamer.
and - whether one cares to admit it or not - when dealing with either the security requirements of large sums of computerized money or the computational overkill of mining, i can't imagine using anything but some flavor of *nix.
and now, if you will all excuse me, i'm going to go mix up a margarita for lunch with the squirrel-cage fan in one of my reference 5870s...
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stop argueing about the definition of inflation.
a hundred years of economic theory hasnt settled on one definition. you wont either. it's obvious what kind OP meant.
How can one have a rational discussion with out defining what they are talking about? congratulations. you have just encapsulated 300 years of economic debate into one, easy to grasp sentence. me - i'm from the why-don't-we-wait-and-see-what-happens school... |
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In political fiction: The Moon is a Harsh Mistress by Robert Heinlein.
+1 it even has some applicability to Bitcoin. |
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of course, Citi gets $2.7M from the FDIC.
and then each customer has to prove that they had a loss due to that event.
place your bets... how much of the $2.7M will be disbursed to individuals vs. how much will Citi keep for themselves?
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so the upshot is to give governments the right to veto every financial transaction by every person on earth? because if we don't they'll take offense?
and we aren't allowed cryptography which governments don't have backdoors to?
really?
you're not even wrong.
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Forget it, Jake. it's Chinatown Windows. sorry for your loss. |
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I'm curious what attracted John's interest in bitcoin. It's interesting to see so many financial experts are watching it. I see the main difference from previous attempts at digital cash is that there is no way to stop people from using it and its at least as untraceable (and untaxable) as regular cash.
you answer your own question: I'm curious what attracted John's interest in bitcoin. ...thusly: ...there is no way to stop people from using it... he can't make any money from Bitcoin, other than as a miner or a participant. "professional" finance types don't like exposure to <s>risk</s> reality. they want to make money without touching, earning, or creating it. and if one of their investments tanks, they were only advisors - not vested. hence; naked credit default swaps. Bitcoin isn't like that, is it? |
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Why?
because life's just too damn short to deal with everybody on earth who can't be bothered to read the destructions... i'm not going to spend half the time between now and the heat death of the universe endlessly trying to re-post and recoup after everyone who posts like #30 - which makes my #29 no longer the last reply, and would force me to do that. ah well. i believe the OP has a point... |
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everybody who is thinking of replying, PM me. nobody post - and we'll make this the last one. i'll split the 1 BTC evenly between everyone who PMs me...  |
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anything.
think of what being a fry cook at macdonalds would look like to somebody who didn't know what electricity could really do, had never seen stainless steel or paper clothing or a computerized cash register or a printer or a drive-up anything or...
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The system is a chaotic multi-variable nonlinear system where all the parts are interlinked. Please stop trying to make sense of it by inventing serial relationships that do not exist.
If you serialize it into a false string of A causes B causes C relationships, you can be absolutely positive that you will never understanding it.
^^this. |
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Price will end to the upside on relatively volatile trading
...only slightly to the upside. i'd say maybe $18-19.
and i'm probably wrong...
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this is nuts.
i don't understand.
nobody does. if they say they do they're lying or dumb. just pick a position and hold on tight... |
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did you try the company name? Bulbul Investments LLC not that i'd have much confidence in the timeliness of a gov't website... |
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this looks promising.
i'd much rather have my money compliant to all the various things that money needs to be compliant with, than potentially anonymous but in the hands of amateurs.
if i want anonymity, i'll do BTC > BTC transactions over Tor.
if i want a bank or an exchange, i'll go with staid and boring and all tied up with legal niceties.
i'm looking forward to your launch. i'll be there.
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