I really wish the Bitcoin thread in GBS was still publically viewable. Unfortunately I don’t have a credit card to pay for the registration fee (most Europeans don’t), and they aren’t accepting any other payment method, or Bitcoin yet.  |
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You mean the ~15% that is currently held by very few players? The owners that could scalp everyone at a moments notice? I agree. Once Bitcoin hits 3-4 they'll start panic selling, and the next chapter will start.
Only 15%? I’d expect Satoshi alone to hold more than that of the currently available coins (~7.2 mills). |
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Oh yes, the ones who don’t see a conspiracy around every corner and the NWO. The sheeple. Or maybe I’m a Freemason myself and was sent to deceive you?  |
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I just wanted to say you are crazy, paranoid and ridiculous. These people are making fun of you and you don’t even get it.
But, of course, IT’S THE FREEMASONS fault Bitcoin is currently not going as well as expected by many.
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Man, all this stuff has got to make it into the media eventually. |
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How about getting it working first? Like a client that doesn't take a day or three to download the whole block chain. Isn't there a client coming that doesn't need to download the entire block chain? I'm in no position to demand it, and I don't need it personally, but for someone new it can be offputting. Sure they can see their transaction in block explorer, but. . . .
There is a huge amount of missing infrastructure, like merchant software etc etc etc.
I think it is very premature to try and promote heavily without more of the basic building blocks available to the average end-user or the average merchant. Sure some nerds and geeks can figure it out eventually, but so what?
Bingo. Premature promotion is exactly why bitcoin is in the negative position it's in right now in terms of both public opinion and exchange rate. It wasn't ready for all the attention it got and a lot of that attention was generated by bitcoin promoters mouthing off about how fantastic it is ("up, up, up", etc.). Really, with all the focus on media attention it seems like people are only interested in having yet another pump and dump, after the Bitcoin conference (announcements that will change the Bitcoin world!!!!!!!!) turned out to be a failure in this regard. I hope those people will finally jump off at some point … I’m disappointed with the way things went ever since Bitcoin has gone parabolic, as it will take Bitcoin a very long time to recover any legitimacy in the eyes of the public, if it ever happens. This community certainly doesn’t help it. |
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New 24hr high. Figured it justified resurrecting this thread. Yes, the price went up from about $8.62 to a high of around $8.68 for around 15 minutes around 7 AM, then dropped briefly to around $8.35, and is currently around $8.58. That's not a rally. That's a slow trading day. Yeah, the volume ever since the end of the rally from 5.74 to 12 is ridiculously low. Bitcoin has lost its vitality and will probably need a new low that will hold to regain it in my view … |
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Oh Christ...the Gold vs. Bitcoin argument.
Not even going to bother...sorry.
No, I’m serious. I know of some crucial differences which in my opinion makes Gold much less of a pyramid scheme (timespan of thousands of years vs. Bitcoin in the media maybe one year; industrial uses of Gold; elasticity of Gold supply (unlike Bitcoin where the first miners without any competition could snatch >25% of the supply ever) which is actually mildly inflationary, but I’d like to know if I’m missing any argument here. |
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People aren't buying more Bitcoins because Bitcoins are a fucking stupid investment vehicle.
Also right. Originally, Bitcoin was supposed to be a medium of exchange, a form of money that was easy to e-mail. That didn't happen much. As an investment vehicle, Bitcoin is zero-sum; for every winner, there's a loser. If the Bitcoin world had a huge business transaction volume and minor speculation, it might have worked. The other way round, it's a pyramid scheme. Serious question: What distinguishes Gold from Bitcoin here? I’d like to know if you consider that a pyramid scheme, too. |
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Why would you assume that he has not invested or mined at the time? Everyone who is being critical at all is just jealous and wants to buy in cheap?
Seriously, this type of thinking here is starting to disturb me.
PS: He hasn’t even been critical. He’s just shared his observation of a pattern he thinks is likely to occur again, and it happened to be bearish.
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Bitcoin stablized around $13-14 then collapsed.
Bitcoin stablized around $10-$11 then collapsed.
Bitcoin is presently stablizing around $8-$9.
Then it will collapse.
This again... Another Johnny-come-lately salivating over the prospect of buying in at a lower exchange rate. This guy registered on 15th of April, in 2010. 2010! That’s when the BTC/pizza exchange rate was 10k. He’s been around for a year longer than you. But I forgot, he’s said something negative about Bitcoin. Hunt him down. Damn Johnny-come-lately.  |
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Maybe I would do it. It would be for my profit and for the greater good of the community.
Please explain the greater good part. I believe it’s because many Bitcoin proponents only want a free market and competition as long as it benefits them. Else, it has to go. |
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Nope. Disregarding the first spike, volatility has actually overall increased in 2011. It will probably take an extremely long time for the market (especially in "internet speed") to equilibrate due to the immense holdings of some early miners, if at all.  |
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Sounds attractive to me, though I hope you’ll find a way to publish it in detail. I’m skeptical.
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Are you serious? He sold them before the conversation started, so his intentions were very clear. You think a nice tone would have changed this? Good to know how to approach scammers for the future though: "Could you please give me my money back? " |
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Waking up to find 512 btc in your account =/= stealing/thieving.
He sold those Bitcoins shortly thereafter. So yes, it is stealing. |
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Having people take coins that don't belong to them doesn't represent the "real world"... unless you're talking about the uncivil portion of the world where everybody is poor and outlook is bleak. To you who took the coins and claimed they were yours to keep, I consider you equivalent to a scammer. You took advantage of a service someone provided you as a favor, and you stole something with the nonsensical justification that you "could".
That's the same way it works in poor neighborhoods. No one there has anything, and part of that is because they have to spend their life protecting what little they've got, because someone else feels justified to take it just because it's not locked down. That's not the way to prosperity. No one gets ahead except at somebody else's expense - the net result is the entire community stands still. On the other hand, in less desperate places, opportunities to steal are boundless, but people rarely take advantage of it because they choose to do things that get them ahead without setting somebody else back - community thrives and prospers as a whole.
If the idea is that the person who built the service that sent the coins is in error and should have known better, perhaps you're right. Perhaps he should have known better than to provide a useful service and pitch in his time and talents to provide something to improve the bitcoin community. Perhaps no one should do a damn thing for Bitcoin and take the risk that a fucker like you might grab their nuts and twist them.
What a fucker you are. I don't know you, or the person you stole from (yes, stole), but I will be very gratified if I ever hear you got your ass handed to you for this.
This theft is a setback for all of us as a community.
I fully agree. I’m getting sick of the "fuck you, got mine" here, and that people show sympathy for such people at all, even saying they would have done the same. There’s just so much scum here it’s not even funny. |
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Free speech on private property is an inane idea. The purpose of a forum is to facilitate valuable and relevant discussion; it's not a ground of any whims.
And you decide what the purpose of this forum is? I’d think that the ones who should have a say are the donators who currently fund the forums (and the admins who have done so for a long time), and I’m against any such automated censorship. |
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Bitcoin is inherently DEFLATIONARY. This means that, in the long term, the value of Bitcoins will only go UP.
ಠ_ರೃ I cannot bear this amount of stupid anymore. |
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And anyone with a brain would not need any warning as this all is just common sense.
Nice elitist approach that is, reminds me of Linux users. Who cares about those people without common sense? You also seem to ignore that MyBitcoin, and generally ewallets as a way for non-technical people to use Bitcoin was promoted for a long time by high profile Bitcoin figures like Bruce or Gavin. Instead of teaching people how to actually use Bitcoin we instead went for the easy path of just redirecting them to some ewallet site. This is not a coincidence though, I understand that the goal of the project is to actually have very few people using Bitcoin to store their wealth and transact, which is the reason why any usability of the client (like a simple button for exporting your wallet) has so little priority. some people might lose a lot of money if they invest in solidcoin, and this will be associated to bitcoin. Bitcoin is down 75% right now from the high of 32$ USD, and the largest volume (where every idiot bought) occured between 20-30. Stop being a hypocrite. |
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