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<looks at account value> O_O
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That actually isn't such a bad idea, in fact it's great. BTC<->Gold but not in the form of physical ownership, not till you decide to "withdraw" at least.
It is an idea we (Tangible Cryptography not MtGox) have been discussing at owners meetings. Of course taking physical delivery would be an option also. Something like this https://www.bullionvault.com/ but obviously on a smaller scale, with the gold reserve held by a trust in a private vault with periodic audits. Actually it would be beyond awesome if bullionvault simply added BTC as a market. The commodity side is the hard part and they already have all that in place.  It's obvious the folks over at Goldmoney are going to announce something like this. After all the questionnaires, interviews, and that video partnership with bitcoin magazine. I just hope they hurry up about it. |
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http://ftalphaville.ft.com/2013/04/08/1451982/bitcult/I don't know where to begin with this one. It feels like link bait, don't give them the clicks. The price of BitCoin soared to newly extreme levels on Monday. The Bitcult units were last seen trading at the not at all ridiculous value of $195.
<5 day chart>
But, for all the Bitcoin millionaires sweating under the pressure of greed and cash-out fear, we have only one word for you. MMM.
As Quartz reports, you may think you have it good, but the mavros that back the personality cult of Mr. Sergey Mavrodi (what you get for not having an anonymous foundation myth) are currently doubling in price every month.
That’s what you get for making your pyramid scheme explicit from the outset — rather than disguising it as a virtual currency and a social movement.
In the meantime, if you’re still struggling to understand the BitCoin phenomenon, why not try this – it’s my version for dummies.
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Just googled it out of curiosity http://www.hmrc.gov.uk/vat/managing/charging/discounts-etc.htm#4Coupons and vouchers
Money-off coupons
Money-off coupons, vouchers or similar, offer customers a discount off a future purchase. If you give them free at the time of a purchase, no VAT is due, but if you sell them for a discount, VAT is due on the price charged.
When your customers redeem money-off coupons, VAT is due only on the additional amount, if any, that the customers pay you.
Face value vouchers
Face value vouchers have a monetary face value. These are used instead of money for a future purchase. If you sell them at or below their monetary value, no VAT is due.
When a customer redeems a face value voucher, the transaction is treated as though the face value voucher was cash, and VAT is due on the full value of the transaction. If you can show the voucher had been sold at a discounted amount, VAT is due on the discounted value, rather than the face value of the voucher.
If you give away face value vouchers and redeem them for no further payment, the goods purchased are usually treated as if they were free gifts for VAT purposes.
Get information about when VAT is and is not chargeable Neither of those make any sense with respect to bitcoin if you ask me. Still none the wiser. |
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That must have ruined someone's morning.
I don't understand why he didn't get filled at the best price buyers were willing to pay.
Whoever implemented that trading engine was just taking a short cut instead of putting his clients first. I wouldn't want to trade there after seeing this.
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From my inbox: Your Challenge on Prediction #611 has been submitted.
It has been forwarded to the Predictor (Roger K Ver) for their review. Please note that your Challenge will not be publicly viewable unless the Predictor accepts your challenge. Did you not get an email or anything? Bitcoin has doubled 4 times times since the prediction, if it does it again in the next four months I lose the bet. Yes the period is 80% over, but bitcoin is 80% of the way there. If I wanted to screw Roger, I could have taken the bet when bitcoin was $2 and the odds were really in my favour. At the very least it's going to get interesting. Signing up I felt like I was taking the Kamikaze side of the bet given the trajectory of bitcoin in the last month. Long bets is pretty adamant about being a platform for debate rather than gambling; and there's the rub. I totally understand if Roger wants to decline the challenge as I (a holder of BTC) am not in fundamental disagreement with the premise. I am not going to put a long screed next to Roger's saying bitcoin is worthless and will go to zero. I am hedged, but Roger is not. Your call Roger, I'm easy either way. [For the posters above, the money goes to charity either way, not to us.] |
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I just took this bet! Waiting to see if it's accepted.
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Thanks Trace, but no direct link?
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A suggestion: I think it would be beneficial to also designate each press story as generally positive (+) or generally negative (-) in its attitude toward Bitcoin. Then we could aggregate the positive and negative totals by month or by week, and keep track of the overall trend in a separate thread.
A locked down 'best-of-the-best' thread would be a great resource to point new people to. I don't think we really need to give negative grades out to all the others. Also a thread of just the video clips would be great. I think it would run to a few hours now! They could run it on a loop it at the conference next month. But before we get to any of that, can we get some more moderators for the Press sub-forum? It's getting a little unruly with the high volume of news. It would be good to clean up all the titles so an alphabetical sort will actually get you a proper chronological feed of the news, regardless of comments etc. Can moderators edit titles on this platform? |
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I answered this only a few hours back. https://bitcointalk.org/index.php?topic=85687.msg1750626#msg1750626When the spread is wide, you put a pair of straddle orders as far apart as you can while still being top of the order book. When people come in with small market orders you take their money then recycle it back around keeping you market neutral. If the price stays range bound for a while and the spread remains, you will might make money after commissions. The best time to execute is after a big move when humans haven't had a chance to close up the spread. |
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I watched this talk again recently and had forgotten how good it is. This is a must see. Mike Hearn at the London bitcoin conference 2012: https://www.youtube.com/watch?v=mD4L7xDNCmAFor those new to bitcoin it's important to understand that it has an intelligent architecture; the protocol allows for much more than just manually sending cash back and forth. This is just the beginning. |
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Freak Show Mode Engaged!  Welcome to the freak show, we make bomb disposal look dull. |
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We're trying to keep this sub-forum for media coverage about bitcoin. While related, there's no mention of bitcoin here.
Mods please move to the Economics sub-forum.
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Hey, If you see it out there. Post it to the Press forum. Not everyone be speculatorz. |
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https://www.youtube.com/watch?v=CdVVECKKSXoNick Colas interviewed on Bloomberg TV by Sarah Eisen. This is the single best bitcoin media coverage I have seen to date. Every question succinctly knocked out of the park.
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This video is great. It's rough, funny, short, honest and hopefully viral.
Geez, what more about bitcoin do you people want to know that's not covered in this video?
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Yeah, I think today's difficulty increase coupled with a recent decline in the network hash rate means BTC will be at $150 USD or more this evening.
Why? Not saying you're not right, just curious about how difficulty increases and dropped hashrates affect prices. Bitcoin is mined at a steady rate over the long term, but in the short term supply can be increased by ramping the hashrate, this lasts until the miners get spanked by the difficulty reset once every few weeks. This assumes a large proportion of miners are selling what they produce, something I doubt right now. |
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Fair Play! I liked the part when you held the phone up to your mining rigs. Makes it real for people. They don't get computers but they accept that a physical machine whirring away makes people wealthy, indeed it's the only thing that really ever has.
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