With this logic, paypal wouldn't exist, because $1 in my pocket is worth more than $1 at paypal. Paypal exists because there is utility in moving that $1 when physical transfer is not practical.

Logout/login would be my first guess.

At $66 here with 259 days to expiration and a 10% daily volatility, I'd quote the price of a $50 put at ~$21. (But 10% seems low, I'm not selling at $21)

BTW, that puts a call price at ~$38.

The power of ripple:

One way to fund your bitstamp account with USD is buying physical silver dimes, exchange for DYM through my service. Because others have placed bids in the market for bitstamp USD, you can use that to your advantage. Sending DYM in the example below will fill an order in the market, raise Bitstamp USD for yourself which is then sent to bitstamp. Beautiful, isn't it?





You can also withdraw via bitstamp USD, convert to DYM, take delivery of your dimes and cash out at a local coin dealer. In the future, bitstamp may ask how you would like your withdrawl, which you can ask for it in DYM.TTBit. Granted the DYM market is a bit thin at the moment - need more eyes on the market, and more willing to take delivery. But it does show the power of ripple, and how all assets become fungible with each other. I predict you will be able to fund your Bitstamp account with Arby's coupons in the not so distant future.

You'll need bitfloor to support ripple.

But if bitfloor had withdraw codes (dont think they do), a gateway could stand in the middle and issue bitfloor IOUs for codes, and vice versa. These would then be fungible with other exchange IOUs (as long as there was a path).

There is a DYM/XRP market. I saw it last at 800 bid offered at 1200, but feel free to put in an order. You have to trust rGwUWgN5BEg3QGNY3RX2HfYowjUTZdid3E to hold DYM.

As for the trust paths for USD, you still need to have USD, trust lines are not enough, it doesn't work like a credit card. Getting USD is easiest at bitstamp, sell $5 worth and withdraw via ripple.

DYM is just held in the client, no server needed.

OP is right. Ripple has the best chance at becoming the decentralized exchange that everyone is crying for. For MtGox to function, it has to manage both assets (USD and BTC), as well as actually creating the exchange. Don't like MtGox's AML policy? Worried about their handling of BTC? Don't like the lag? What are your other options? MtGox is the jack of all trades, master of none.

But ripple brings together gateways. A gateway may only have one function, such as exchanging BTC for BTC ious. Another gateway may be exchanging USD for USD ious. The gateways don't have to worry about matching orders or creating an exchange. All they have to do is give specie for ious. With each part of an exchange broken down, now you can select where you do business with USD (and USD alone). Another gateway may have BTC security policies that you find attractive.

Why not make it voluntary? I can check a box in my client and those coins will be destroyed at the pre-determined rate set by a handful of people. Or would this be a forced issue, where everyone has to participate?

MtGox will suspend all trading, but they should suspend orders not on 0.05 price increments. Or, accept order prices down to 0.0001, but charge for them, which would be fine for larger orders.

The idea was that many people get their salary at the end of the calendar month, which is then put into the stock market. So buy a few days before they get their check, then sell after they have bought.

As for vehicles to trade, I would consider the S&P mini futures. Each contract is ~$60,000 right now. Great liquidity, and you can get $5 fills. As a bonus, if there are any profits at the end of the year you get to report 60% as long term cap gains (40% short term). Its a decent chunk of change to be sure, and you will want to be careful not to lever up which is so easy to do.

>>> Note: This post is for entertainment purposes only. It is not intended to be a complete portfolio solution.

Hope you don't mind me sharing this in the bitcoin forums. I've traded stocks/commodities/futures most of my life, and often asked where I believe the price of stocks/gold/bitcoin are headed. I'll always have an opinion and love to talk markets, but making money involves strategies, and managing those strategies.

Here is one. I applied this strategy to the Dow Jones Industrial Average for the last 90 years (April 1923 - April 2013). 12 trades a year, each one enters the market (long) with $100,000 and held for a week or so. The results:

Number of trades: 1058
Average trade net profit: $636 (0.636%)
Winning trades: 666 (62.95%)

Overall, you are in the market 37% of the time, flat the other 63%. The 90 year performance:


Skeptical? Here is the opposite strategy. 12 trades a year, you are long the market the 63% of the time, but flat 37%.

Number of trades: 1058
Average trade net profit: -$0.15 (-0.00%)
Winning trades: 567 (53.59%)

Here is the chart of the 90 year performance:


The super complex strategy:

Buy stocks on the 27th of the month, sell stocks on the 8th. The coded strategy gets in on the first trading day after the 26th, and out after the 7th.

as coded in Tradestation Easy Language:


A 0.636% 12 times a year is 7.9% annualized, while only being in the market 1/3 of the time. Conversely, the Dow Jones has risen from 101.1 to 14865.14 in those 90 years, or 5.7%.

You could tinker with the strategy. Adjust position size based on volatility, add stops, etc. Thanks for reading, happy trading.

As always, past performance does not guarantee future results!

ShireSilver,

I thought of you when creating DYM. Why not create something similar for ShireSilver? In addition to a shopping cart, just offer on ripple 1 gram SIL for $2.00 (your current prices). When someone redeems, you ship to them. A market may develop and wouldn't have to have a buyback program.

I don't post it, but considering PO Box.

PM sent. Thanks for looking

Please post the other 1000 screenshots selling at 14, 15, 25, 35, 55, 70, etc when it didn't work in your favor.

MtGox should consider a fee for orders. You get 500 free per day, after that, must pay a token amount to get your order in their DB. Or consider a mtgox subscription fee for bots. This is assuming that it was a flood of orders that caused the lag.

The market has a way of figuring out where you panic

Because I saw a lot of silver traded in the goods section, I introduced a currency on ripple called DYM (https://bitcointalk.org/index.php?topic=149533.0). In a nutshell, it is 10 cents of pre-1965 US silver. The OP has the details, but 1 DYM is 2.47g of pre 1965 US dimes, quarters and halves (my discretion).

If you send me 1 DYM via ripple, I will ship to you one pre 1965 silver dime (free *US* Shipping). If you ship me 1 silver dime, I will issue you 1 DYM (You pay shipping).

A market has developed in DYM, mostly for bitstamp USD and XRP. The markets are somewhat thin, but I have received hundreds of silver dimes by people I've never met, in return for DYM. I currently hold over $250 (face) worth of silver currency from others.

The idea: if you want to sell some silver products in the goods section, you can accept payment in DYM, which can be more marketable and less volatile than dealing with the lag in BTC payments. For example, if you are selling a random peace dollar, you may accept 11 DYM as payment which you can then convert to BTC. If you have US silver currency, you can opt to send to me for DYM, and try to convert to BTC in ripple. If it fails, you can always get your silver back with free shipping.

I will also send pictures of your DYM so you can sell them on ebay! After the auction ends, you instruct me on where to send the silver, while you get paypal in return. Conversely, you can buy US silver on ebay and have it shipped to me for DYM.

Why am I doing this? I believe in BTC and ripple. I have been surprised by the amount of "aha! this is cool!" moments in my PMs. Feel free to test it out with a dime or two.

Thanks twelph. I am looking forward to receiving coins. Will post with updates when received.

This car might solve the next week problem:

Note: Got this from Drudge

http://www.theglobeandmail.com/report-on-business/top-business-stories/digital-currency-bitcoin-surges-through-200-mark/article10932113/