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3521  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 10, 2014, 04:28:06 PM
Why if hacker stole 1,170 bitcoins he went directly to sell them in Bitstamp? He would need to reveal his ID in order to cashout to his bank account.
That makes no sense.

Bitstamp requires verification even for BTC deposits. So that makes it even more weird.

Such things are typically only an obstacle for the law-abiding. Something of a joke like most security theater.
3522  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 09, 2014, 03:39:33 PM

They pull apart about 1/3 of the article and call it done. There are certainly some inaccuracies in the article but that doesn't dismiss the whole thing.
3523  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 09, 2014, 03:35:50 PM


Why don't they sell these car at discount?

Because why would you buy this years model if you can get the previous model new for a decent discount?

Another reasons is laws are always changing, particularly in Europe and particularly in regards to emissions, it stands to reason that often the previous model doesn't meet the requirements to be registered.

The solution is just not to produce cars they can't sell in the first place rather than producing loads and not being able to sell them all.

But often they can do accounting tricks where the cars are "sold" even when they aren't. Probably in some perverse way, it would cost them more not to make them. Plus quarterly reports may be heavily based on "items manufactured" rather than "items sold".
3524  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 09, 2014, 03:08:28 PM

Are you in the market for a new used car or a new car? You might be stuck if your looking for the later.

Used. New cars are poor value.

Ai, someones gotta buy em though so the smarter ones amongst us have something to buy.

Although I do have to say there are some really good deals with new cars in the UK at the moment with 100,000 mile warranties, free insurance (Which for a young driver can save another £1500) and 5 year 0% finance deals, still not enough to interest me but its slightly more understandable than it was a few years ago.

http://www.zerohedge.com/news/2014-05-16/where-worlds-unsold-cars-go-die

Snopes has this as "false" but it seems like a rather weak and hand-waving debunk to me.
3525  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 09, 2014, 02:58:13 PM

No Aston Martins, Ferraris, Maserati or Lambo's.    I'm not going to waste my BTC on a Volkswagen.
Car market not ready for bitcoin Sad

Love my TDI but I've just about run it into the ground. Time for a refresh. I won't use my stash though. It would have to be a buy BTC then spend.
3526  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 09, 2014, 02:56:20 PM

Are you in the market for a new used car or a new car? You might be stuck if your looking for the later.

Used. New cars are poor value.
3527  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 09, 2014, 02:03:02 PM
I get that but why would it suddenly rise? I can see it happen slowly over time but why is there this idea that sometime soon we'll see an explosion? I don't see a reason for it.

Smooth growth is rational, bubble growth is irrational. People tend to be irrational in the face of fear so we're waiting for a fear-generating event perhaps.
3528  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 09, 2014, 01:51:25 PM
24 July.
234 day cycle
MtGox auctioning bitcoins.

When the irresistable force meets the immovable object...
3529  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 09, 2014, 01:35:10 PM

Interesting. I'm in the market for a new car and have the cash to do so. Will have to take a look.

Though  have never heard of this company at all in any manner.
3530  Bitcoin / Meetups / Re: North American Bitcoin Conference - Chicago - July 19 + 20, 2014 on: July 09, 2014, 03:23:53 AM
I am thinking of going to this. Biggest issue on my mind is whether to stay just the Saturday night or the Friday as well. Between the hotel cost and the parking and me being a tightwad, it's a bit of a hard sell. I think the only thing I'd miss out on would be the Friday night pre-party thing. Which would probably be fun but I'm not sure 300 worth of fun. I can already see which way this is going but I'm open to persuasion Smiley

I think the conference itself is great value BTW.

Quote
bitcoins to ... to the Beyoncé & Jay-Z concert at Soldier Field

Great. How much would they be paying me? Wink
3531  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 09, 2014, 01:19:48 AM
Brock Pierce, notable member of The What-Was-It Foundation, launches RealCoin:
http://blogs.wsj.com/moneybeat/2014/07/08/dollar-backed-digital-currency-aims-to-fix-bitcoins-volatility-dilemma/

Jesus H, why hasn't anyone kicked this loser Brock Pierce off of the Bitcoin Foundation yet?  Hasn't he caused enough controversy yet?

Also, how do you have a Realcoin backed to every dollar when there are $65 billion of them (dollars, that is) printed fresh every month?  Are they going to 'print' 65 billion Realcoins every month too?  

Stupidest. Crypto. Idea. Evar.

You give them your dollars, they give you the realcoins. Then 5 years down the line, they revalue or say that they're no longer backing the coin with dollars (like the US govt did with gold) but they're still worth a dollar. Then everyone else kicks themselves for being so stupid and Brock Pierce puts on his scuba gear and goes for another dive off his yacht anchored in the Caribbean.

3532  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 08, 2014, 05:56:17 PM
That's crony capitalism. In the Laissez faire world, there is not "too big to fail" you just fail and get bought out (or not) by someone more competent.
Just as anarchism quickly degenerates into totalitarian rule, under laissez faire capitalism every market quickly becomes a monopoly or oligopoly; and then the companies can demand special laws and bailouts with the excuse that they are too big to be allowed to fail.

Thus this is indicative of a government with too much power. Without the power, there's less opportunity to crony.

This is why many of us put focus on the government rather than sitting in a park in new york participating in drum circles whining about the 1%.
3533  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 08, 2014, 01:37:50 PM
Free is free. No impediment. No rules. No regulation. Nothing to hinder trade by consenting people.
That is not free market, it is "laissez faire capitalism", "wild west market", whatever.  The name "free market" has been taken long ago to mean what I wrote.

Laissez faire capitalism is what gave use the banks too big to fail, tax exemptions for the rich, the 1%-99% society, and so on.

That's crony capitalism. In the Laissez faire world, there is not "too big to fail" you just fail and get bought out (or not) by someone more competent.
3534  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 08, 2014, 01:34:49 PM

lol he just said regulation doesn't make something less free?

Jorge, since you claim to be an academic maybe you should consult proper sources. In this case I would advice the dictionary  Cheesy

Jorge obviously hasn't had much contact with regulated industries. When HIPAA came in (and later Sarbanes Oxley), they were *huge* costs to the company I was working for. The company was big enough to absorb the cost but a new or intended entrant?
3535  Bitcoin / Bitcoin Discussion / Re: Blockchain.info "firstbits" changing/disappearing?! on: July 07, 2014, 07:10:35 PM
Concerns noted but choice is a good thing. Not that anyone should be obligated to support it.

I don't see that vanity addresses are any different than any other address though. Privacy is not always a concern and there's nothing to stop people using other addresses also.
3536  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 07, 2014, 07:06:56 PM

They have got bigger fish to fry.... or not fry as the case may be.

But they probably paid their taxes.

Of the laundry list of things that Jorge listed, only "tax evasion" is a thing that government is really concerned about. And then only if you're the wrong kind of tax evader.
3537  Bitcoin / Wallet software / Insight API documentation on: July 07, 2014, 02:47:00 PM
I'm looking at parsing through the blockchain and it seems like the insight API might be the best way to do so. Unfortunately, unless I'm missing something, there's not much in the way of documentation. There's a quick example of "this is how you access a couple of features" but no comprehensive list of API calls. Is there one hidden somewhere?
3538  Bitcoin / Bitcoin Discussion / Re: Blockchain.info "firstbits" changing/disappearing?! on: July 07, 2014, 01:59:21 PM
WTF MAN!?

My firstbits are not working either!

1g9uq9 https://blockchain.info/search/1g9uq9

It appears to be working on http://www.firstbits.com

1G9uQ9yHJcWK7Wb7UZTJu7iDHfmYywRPWL

WHEW! Disaster avoided! Please fund wallet with moneys! Much thanks!

firstbits.com abandoned, firstbits.net not working (even worse than being abandoned). We need an open source version of this site that can be shared.
3539  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 07, 2014, 01:47:17 PM

Anyway there's a reason the saying goes "the market can remain irrational longer than you can remain solvent"

That's mostly because the person who wrote it was an irrational f*tard and thought he was smarter than he was.
3540  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 06, 2014, 09:19:30 PM
So do we just need more "drunk, misinformed" people who accidentally push the wrong button to get to $10,000?  That should be easy enough.

Buy!!!  Grin

Now we know what adam's "free beer" campaign was all about.
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