Why would their acceptance of BTC influence prices? It would be just us Bitcoiners who have an interest in depositing via BTC there, and we already have Bitcoins.
Also, it makes no sense to me anyway if they just get converted to fiat like you stated. It could actually be bearish because Bitcoins which were formerly held would now be sent to a poker site which just sells them for fiat. This makes no sense, if you can also withdraw money in bitcoins it's not a loss to the economy. He said "deposit method", so that’s what I interpreted. Feel free to hype on, though.
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Edit: All bets are off short term though, I'm not trading in this volatility, I'm just sitting it out and waiting.
I wonder sitting it out in BTC or USD?
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Neutral/Nothing.
Why would their acceptance of BTC influence prices? It would be just us Bitcoiners who have an interest in depositing via BTC there, and we already have Bitcoins.
Also, it makes no sense to me anyway if they just get converted to fiat like you stated. It could actually be bearish because Bitcoins which were formerly held would now be sent to a poker site which just sells them for fiat.
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Never heard of Bitcoin back then, same as 99% of the population. Bitcoin was announced on a cryptography mailing list. The guys who started the whole thing? No, you didn’t get the mining rewards for starting it or programming anything, you got it for being there and leaving your computer on like many do for free for projects like folding@home. Also, I just suggested what I think would have been a better distribution method/curve and therefore answered your question. One more thing … Personnally I have no problem with the fact that the guys who started the whole thing may have profited from their invention a bit more than the followers. A bit more? knightmb is known to own (or have owned) 375k BTC. Satoshi himself likely has a multiple of that. I don’t think giving them such a large percentage of the whole supply is just "a bit more".
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I'm still waiting to hear of a better method of initial cryptocurrency distribution. OP?
Sigmoid curve. Natural resource depletion. Difficulty was 1 for over a year. Yet the BTC output was as high as it is now. Distribution sucks because of that.
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You will be disappointed if you are looking an easy simple reason for why it's happening.
Shut it, Bear. There is a simple reason. It’s The Manipulator.
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On Bitcoinica, you can even buy Bitcoins using Bitcoins as margin. So you can be a bull while you are a bull.
So leverage up! TIME TO BUY BUY BUY!
WE’RE NOT GOING TO THE MOON.
WE’RE GOING TO MARS!
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WALL AT $6 DIMINISHING!!! $7 HERE WE COME?
How about you stop talking and instead buy up fully leveraged?
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Bitcoinica showed the * on the buy side (no, not on the sell side as well) today when it was ~5.6.
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Better to retain only 4% (maximum from 32 to 2, and that happened over a period of half a year, not suddenly) than 0% because all is seized, IMO.
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Do you think Kim Dotcom could have used Bitcoins to do so, instead of having everything seized? If I think about it, it makes lots of sense for rich people to diversify a certain percentage into BTC.
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I’m with gmaxwell and BlueMatt. Why turn this technical stuff into a FUD political power struggle debate? It’s not like everyone had an opinion on how encryption should have been done, too. People don’t have to have an opinion on this, it’s up to the developers to achieve consensus.
I’m also with Gavin and Steve. Two-factor Authentication is extremely important for safely using Bitcoin without having the hassle of paper wallets and extra offline computers! Noone except us enthusiasts would go for such lengths, and that could be a reason we are stagnating in terms of users and acceptance.
I don’t understand why this debate exists.
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Haha, Bitcoiners.
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Sentiment poll.
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proudhon: the update was actually quite bullish.
I thought it was very neutral. I read it as if it goes down, it might go down more, and if it goes up, it might go up more... But as almost always the bullish side was stressed. So the analysis acts as an amplifier for either direction.
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proudhon: the update was actually quite bullish.
Maybe someone is using it as a contrarian indicator?
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Yep, still room up. Bitcoinica is confirming by not showing a *.
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maybe you should look at the chart. dose that look baerish to you that was unexpected Good thing I switched back to bull and took my BTC profits. Have you?
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Care to list what you think of as bearish ones?
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