Volatility can not be fixed with a technical solution imo. Only when the social structure of it's userbase transforms into it's final state it can happen.

What that is I already enumerated above. One Bitcoin can be worth tens of thousands of dollars and still jump up and down in orders of magnitude over the course of a year.

This has been a long predicted thing, although I don't think it is that dramatic.

I think that the effective market cap of alt-chains tends to follow a geometric series just like the block reward does. For the sake of the argument say that LTC is capped at 50% of BTC, NMC at 25% and *whatever else coin*, be it FTC 12.5%. So in the end the total increase of inflation wouldn't increase past 100%

That may of course not be the case with crypto-currencies which aren't *coins*, like XRP, or some yet-to-invented concept which might offer a significant advantage over bitcoin and isn't based on a fork of the Bitcoin software.

That wasn't really certain, he said to be connected to mybitcoin and them running away with half the funds but that wasn't that of a concern, at least for me.

I was the kind of back ground he came from, what a kind of person he was and such. For me he became a symbol for a certain kind of person present in our community.
People who aren't really into the technology, aren't into e-commerce or aren't into trading as such, which is all great.

These people remind me of used car salesmen, if you understand what I mean... Generating a hype as a means end, making up stuff selling cool-aid, shilling for the press, etc..

It changed very much over the time.
Initially I was your run-of the mill bull, hoping that bitcoin will change the world. Then after witnessing the whole drama surrounding Bruce Wagner, the advent of Bitcoinica I became very bearish. That attitude hasn't changed since. Still I kind of anticipated this bubble, although I didn't really capitalize as much on it ("only" 10x before the pop, which I have increased some since). You guessed it I think we are still in Bubble territory.
I became largely annoyed by the thing we call the cargo cult: Guys playing financial experts, playing monopoly man and chanting the gospel of Bitcoin to be the biggest best thing ever.

I don't really believe in things like Bitpay, other payment processing, Bitcoin ATMs, Bitcoin "Supernodes" or Bitcoin stock exchanges. I think Bitcoin is an incredible useful tool as a financing model for non-profit websites, small webhosts, oh and of course Silk Road and the rest of the online black market. I also like Satoshi Dice and Seals with Clubs, great. Bitcoin has already found it's niche. It can be incredibly successful in it, possibly it can even sustain prices like we have seen this month in a few years.
But the gold-rush mentality has to stop. Bitcoin currently doesn't work as a currency not because it has insufficient market cap but because the crazy price swings make it unsuited to use it as such unless absolutely necessary.

That is as I would like Bitcoin to be, idealistically. For me personally the more dumb money there is in it the better. The volatility is incredibly predictable which is great for my way of trading, I kind of expect it to last as long as the current paradigm of the hype way of doing things holds.

Cyprus hadn't had and effect except that existing Bitcoiners saw a reason to buy in more.


If you are looking for fundamentals look for websites accepting BTC directly as a donation to pay for hosting costs.

My hunch says there is yet a bigger technological change necessary to change that, bitcoin might play a minor role yes.

I don't really get my hopes up on this, tough.
And some of it is a social problem which cannot be solved with technology.

Well if all fails he can always be come a salesman for anti-hairloss products. I always suspected vacuum cleaners are his secret destiny but that would make sense too.

I always smile on the inside when people claim to have bought in before their registration date. ripetila is that you? 

Sounds like you bought at $140-$230 earlier this month.
Did you?

They just do what they have to do. It's the legal system and the corruption within it you ought to be concerned about not some company which has to abide it.

You better be.

That's easy to shout when the price bounces from oversold conditions. Come back in a week, then do it.

Paypal isn't your enemy.

I guess it doesn't really matter what currency it is in for freezing accounts. Of course it depends on the price of a bitcoin transaction if topping up the paypal account on a ad-hoc basis would be feasible to prevent being affected by it.

Nice did you code it yourself?
You might want to use polygons to make it look "solid" another thought would be to color code the age of the orders.

You mis-interpreted my post. Network fees add up to the effective price of the payment, that's all.
My point is, that's not Bitcoin we are talking about here, it's Coinbase, if for any reason paypal would process BTC some day I'm sure they'd be competitive with Coinbase and Bitpay,

uh no.

good one. 

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.....

Uh that's not what I would call wiping the floor.  


Btw my last "Bitcoin" purchase was toner cartridges for which I sold the BTC, used Bitinstant to paypal and checked out with paypal.