Interesting side thought: How low could the sale prices on things like this go?
Could the price of 500 erupters drop below that of a 1,500 watt space heater? That might be the minimum price.
C
It definitely could. Who wants to maintain 500 erupters and all the USB tangle that goes along with it to save $15? |
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look at the stock market. go and try to make some serious money by trading against the traders. you will lose most of the time. they have the faster machines, better information, more money etc. same thing will happen with bitcoins. people are working day and night to find a way to steal your money. its just a matter of time.
So day-trading on the stock market now equates to theft?  I am not angry at all. the hype sickens me. this isnt investing. this is flat out gambling.
Why does the hype sicken you, and why do you care? Why do you care if people are "gambling" (in your opinion) with their money? |
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as long as there are holders of bitcoin the pyramid will not collapse.
Aw man, I thought we were rid of all the doom-n-gloom naysayers at this point. Guess $190 isn't enough to expel them! |
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Heard at Atlanta conference this past weekend: 5 years from now...
"Hey, how much for BMW"
"2 bitcoins"
"Wow, that's a lot!"
"Well, it is an expensive company"
Says the one who bought a $300,000 Prius.  $124,000 Prius, actually. I spent very close to 1,000 bitcoins, so it's fairly easy to track. Btw, after recent travels and renting out some other cars (like Chevy Sonic), the Prius really feels like a luxury car :9 I couldn't remember the exact amount, so just threw that number out there in the hopes you would correct me.  |
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Coinbase is probably the safest way, but it'll take a bit to get set up with them. And then a few days to get the ACH transfer once you sell the coins. All in all, you're looking at 4-10 days before you'll see any money in your bank account this way, but it's a very safe option and you don't have to worry about being scammed.
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This address is worth $32.59, you dope. Half the transactions are probably from forum goers who are going to confuse the people manually confirming transactions and turn this into a failed experiment. I do believe that the Chinese attitude toward Bitcoin is quite different than the western attitudes, though. And I think the Chinese entrepreneurs (and government) recognize this is an opportunity to finally be a technological first-mover. There will probably be big news out of China soon, but this isn't it. Wow! A 100% increase since the quoted-quoted post. It's so popular, it's turned into a meme for pasting public messages. To be honest, I think the public message blockchain.info deal should be disabled. The premise was nice, but it's turning every publicized address into a troll-fest. |
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Well this is an interesting development...
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Heard about Bitcoin when the difficulty was still under 100,000. I mined 1 BTC/day with a single graphics card for a short period of time. Deepbit, guiminer... ah, the memories.
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I am quite honestly surprised there's not been more price movement because of this...!
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What a horrible day for bitcoin.
Guess I just have to keep holding, as I wasn't among the lucky few who happened to be sitting at their computers with their finger hovered over the "Sell" button the instant this news was - unconscionably - posted on the bitfunder page.
It seems like anyone who sold based on this news is left holding the bag. Price is up $3-$4 compared to yesterday. |
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Heard at Atlanta conference this past weekend: 5 years from now...
"Hey, how much for BMW"
"2 bitcoins"
"Wow, that's a lot!"
"Well, it is an expensive company"
Says the one who bought a $300,000 Prius. |
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The FBI has control over the site, including its database. They can query it and discover how much money he made on commissions.
I didn't read that he *had* 600K coins in the complaint. That is just the estimate of the commissions made. Who knows what was spent, moved to other wallets, converted, etc.. Exactly this. Plus, the majority of the coins were earned when Bitcoin was worth much less than it is today. Any coins spent or cashed out during that time would have also been under that same lower price. He could only have a small portion of those original commissions still in his possession, if any. |
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Buy bitcoins, don't buy mining rigs.
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just a reminder...  I do not know what you are reminding me of. |
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does the Made By block give any benefit or is it just for renown?
Fame and glory! Speaking of which... is there any way to see a list of all blocks found by me? |
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HISTORICAL NET ASSET VALUE/PER SHARE (NAV):*
September 30, 2013: $13.26
September 27, 2013: $13.35
September 26, 2013: $12.67
September 25, 2013: $12.88
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I'm no lawyer, and you aren't either. This is ridiculous.
My job here is done.
He understands the relevant laws a lot better than you though, apparently. |
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How I see it these funds expose one to the same risk of owning Bitcoins with the additional counter party risk and none of the advantages a cryptocurrency has. The only excuse I can come up with is that it is meant to act as a loophole for people managing other peoples money who can't buy Bitcoins. This strikes me as nothing more than a pump and dump scam. Once they sold a sufficient part of their derivate they could even crash the price on the exchanges for a hefty profit.
There are reasons to have Bitcoins besides that but this is entirely toxic shit. I hope they get slammed hard by the FEDs and I am quite positive that they will be.
It's made for people managing other people's money, yes, but it's also made for people who don't know how to securely store bitcoins. As far as a pump and dump? Extremely doubtful. Toxic shit? Hardly... |
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