They have a 32% advantage* with coinbase over paypal when it comes to the price of payment processing.
If anything that shows coinbases pricing is very competitive... they just happen to process bitcoin.
*that does not include bitcoin network fees and exchange slippage though.....
No, they don't. They brought in 32% more revenue PER TRANSACTION compared to Paypal. Revenue is income before any expenses, fees, taxes, etc. Which is essentially, in this case the same thing. |
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Would you consider yourself the norm?  Gladly no, and I doubt that would work so well if so.  |
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However, look around you: almost everyone predicting a lower price sold some BTCs.
Not to cash out, but to buy back lower. The cash is there, waiting silently for an opportunity.
$50? $30? $10? Who knows...
Well yes and no. As for me I am doing the opposite most folks here do: I'm regularly withdrawing some of the USD I earned trading and use it as extra income. Thanks alot you "investors" a big (bear) hug!  |
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A fun social experiment might be to do something like the following:
1) Announce the creation of PnDcoin, which is 4x FeatherCoin or something...
2) Announce that the P stands for "Pump" and that the D stands for "Dump".
3) Announce a viable staged marketing plan for the coin, stating very clearly what channels you're going to hit when, etc...
4) Outline a plan of when to sell out to maximize profits.
I'll bet people would still jump in, on the greater-fool reasoning... After all, many of Pirate's "investors" knew that it was a ponzi, but figured they'd just get out before the next guy.
Making the pump-n-dump process and plan as explicit as possible up-front and seeing what kind of activity results would be amusing to watch.
This kind of rhetoric is becoming really tiresome. It applies the same exact way to BTC as it does to its forks. That it was first doesn't mean squat. The principle remains the same. |
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I haven't got the remotest clue how to "realize a gain"
Sell your BTC for USD/EUR/whatever for a high price than you bought them. Congratulations, you have just realized your gains and locked in a profit! Currently I am invested in Fiat. So when Fiat rises compared to Bitcoin, I should realize my gains and sell Fiat? Is that what you mean? Then it would be about time I realized my gains. Till you can pay your bills in BTC it will always the thing you sell to "realize your gains" "Selling fiat for BTC" is just a play of words with no practical meaning. |
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It seems the buywall at 90 gonna get tested.
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Stop derailing the thread. This is the wall movement tracker, not your personal pet project propaganda thread. Substantiate your claims or shut up.
Adam, am I welcome in your thread or not? This young man is voicing his opinion on the matter, but I have a hard time recognising him, I don't think we have met...  Yeah Adam, shall we continue to compare our e-penises in your thread? |
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Seleme is and will continue to stand in front of your ultrasupernode bullshit as seleme doesn't give a flying one about your ounces, coins etc. (I've told you numerous times where you can put your status symbols) and would rather be on bread and water till his last breath than live on the 30 millions yacht being snob like you are.
Seleme is and will continue to warn people that your predictions and your self-loving ramblings will heavily hurt them financially as you've said so much utter crap here that I'm not sure how the server site is hosted at doesn't explode or something.
As far as Seleme is concerned you are absolutely free to believe whatever you want and to do your business on whatever way you like, that's not my business. But when you advocate that crap publicly here, specially when you do that on the way that causes allergic reactions in Seleme's body, than Seleme will speak.
Ah ok. Do you own any coins? Do you? Send me BTC13 to prove it kthx PS: Are you drunk atm?good idea!  I hereby propose a new trading indicator called RPBA: The so called rpietila blood alcohol level. Working on interpretation strategies. |
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Seleme is and will continue to stand in front of your ultrasupernode bullshit as seleme doesn't give a flying one about your ounces, coins etc. (I've told you numerous times where you can put your status symbols) and would rather be on bread and water till his last breath than live on the 30 millions yacht being snob like you are.
Seleme is and will continue to warn people that your predictions and your self-loving ramblings will heavily hurt them financially as you've said so much utter crap here that I'm not sure how the server site is hosted at doesn't explode or something.
As far as Seleme is concerned you are absolutely free to believe whatever you want and to do your business on whatever way you like, that's not my business. But when you advocate that crap publicly here, specially when you do that on the way that causes allergic reactions in Seleme's body, than Seleme will speak.
Ah ok. Do you own any coins? Do you? Send me BTC13 to prove it kthx PS: Are you drunk atm? |
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No to really change the world we need something better, humbler, deeper. I only wish everybody here had read Neil Stephenson's Novels... I am a big Stephenson fan, and I am re-reading Cryptonomicon right now to give me a different frame for looking at Bitcoin. In your mind, what makes the fictional e-banking system they plan on running through the Crypt 'better & deeper' than the possibilities of Bitcoin? Some way to form a social structure around it, in Diamond Age banking was tied to being a member of a phyle, It should encourage more cooperation in contrast to competition, IDK, but if I knew exactly I would probably be busy trying to code it, |
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Being one of the maybe first 10,000 btc users, I am also assuming that many, MANY btc are lost forever. How? Deleted, when people got bored with mining. My assumption? somewhere from 2 to 4 mil coins Well there should be at least one possibility to narrow that down somewhat: The coins generated before the advent of mining pools. Because once you bother with pooled mining you are most likely in it to stay, You know what would be cool: To give everybody an incentive to move their coins at least once a year or so, whatever that may be. |
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People deal with far greater uncertainties in fiat currency.
I think you need to separate your concerns: A great currency and a fair world.
As they say: There should be a way to have our cake and eat it. |
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100 is neglijable. Also 1000. Not all the people in the world would use BTC, as not all would use gold.
Also, the lost BTC will be felt, as in not being traded, not having any value
That isn't what this is about, it is the uncertainly of supposedly lost coins which is the issue. Remember the 78% of all coins ever never moved paper? Now we could say that some fraction of these coins are most likely lost, but how large is it? We have no way of knowing. Infinitely deflating currency can only work for either: a limited time period and/or a limited economy or if there is a mechanism of ensuring that some previously assumed "lost" substantial value doesn't suddenly resurface. There may be some mechanism which could be implemented like a maximum transaction amount but I doubt this would be very well received by most. |
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I am agnostic on the long term prospects of Bitcoin itself.
That means I think it isn't possible to tell because the amount of chaos influencing it exceeds the amount if certainty by such an amount.
Fair enough. From my limited experience it seems to me that humanity has begun to make significant progress in finding tools that empower and liberate, and I don't see how we could fail to eventually put something like bitcoin to good use. I guess I am an optimistc agnostic in that case I do agree there is a large amount of chaos that one can only wish to unravel. But I think most large complex systems are this way. Here is the thing: I don't view the way Bitcoin itself is implemented as particularly liberating for the whole world economy. I always like to tell the hypothetical anecdote of the 100BTC hard-drive in some land-fill in 2050 when one BTC is supposed to be more than the annual earning of a middle class family. If that hard-drive isn't found and it surface in 2100 it might turn the economy into turmoil. Freedom fighters in the past didn't have vouchers to inherit their decedents, and with good reason. No to really change the world we need something better, humbler, deeper. I only wish everybody here had read Neil Stephenson's Novels... |
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Well, yes but what can we do about it?
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Bitcoin finding its niche right now is like saying the internet had found its niche in 1990. The story is far too young. I am not saying that bitcoin will take over the world. I'm just saying the world has not fully processed this development, and since it's quite a dense (filled with content -- not stupid) read, it will take some time for this processing to occur.
Bitcoin isn't something like the Internet. It is something like cern httpd. A proof of concept of something which can potentially change the world. The www has changed the world, but if we were to use httpd in our current time that would be silly. You are saying bitcoin will be expanded upon with higher level monetary layers, improved, or serve as the proof of concept for a better system that could flourish and change the world, which directly contradicts the idea that bitcoin has currently settled into its niche. It sounds like you are a cautious long term bull who likes being short term bear. Not that I don't find that unreasonable, I just wish you would stop pretending you are bearish long term. I am agnostic on the long term prospects of Bitcoin itself. That means I think it isn't possible to tell because the amount of chaos influencing it exceeds the amount if certainty by such an amount. |
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Bitcoin finding its niche right now is like saying the internet had found its niche in 1990. The story is far too young. I am not saying that bitcoin will take over the world. I'm just saying the world has not fully processed this development, and since it's quite a dense (filled with content -- not stupid) read, it will take some time for this processing to occur.
Bitcoin isn't something like the Internet. It is something like cern httpd. A proof of concept of something which can potentially change the world. The www has changed the world, but if we were to use httpd in our current time that would be silly. |
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You guys are the new Proudhon?
The future never looked so bright for Bitcoin! (Please note I didn't talk about price here.)
ElectricMucus, I'm wondering...
What's your opinion of the alt-coins, if you're so... let's say "dull" about Bitcoin.
No I'm not the new Proudhon. I will not make any promises regarding the price within any significant timeframe. You won't have me "calling the top" or such silly things. Alt-coins are great for speculative gains. I'd say they have the potential to reach the same market cap as bitcoin if you add them all together. As for now there isn't really any coin which I would consider an innovation. But the concept of crypto-currencies has a great potential, and if it does release that potential I think that during this decade some concept which is not in itself based on Bitcoin will surpass it, if even consume it. I wouldn't bet on it though. |
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