It's funny that before 1971 all were non-debt based and now they are all debt based ...
It was basically the biggest heist(s) ever. Before you could exchange money for gold so the gold was effectively yours. After, nada. (Note: I am not an advocate of gold backed currencies in particular but this was still theft) And now the German govt can't even get the US govt to let them look at their gold. That was 4 1/2ish decades ago now. Things have not got any better. |
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The Silk Road government auction coins are on the move! All to one address. Single buyer?
That would be impressive but possibly they are sweeping the funds from cold storage to a hot wallet. |
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USGOV Antivirus
Threat detected: "WALLET.DAT"
Threat classification: Resource misuse
Action taken: Deleted |
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it is an actual address, 0 transactions though.
It is a random address and I don't have the private key (though perhaps I should). OK. I have secured the private key  Not begging though. |
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Times are A changin'
 (Don't donate if that scans ) |
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Orthogonal? Facebook wants money for things, like promoting pages, and there are a lot of people that make use of this.
Google have adverts. People pay for those adverts. Do they need google+ to do that?
Amazoncoin? Fuck that, not going to happen, or catch on if it does.
I think it's max 2 years away this kind of adoption.
It will suprise us by happening sooner than we think. Maybe 9 months from now. One of the big players.
Walmart is a great addition to the list too.
And yes you are right about paypal/ebay, but they will want in on the bitcoin economy soon enough. Remember bitcoin is not replacing the current economy as much as it is making a new economy.
OK, hadn't considered that aspect of Facebook but that's not general public. Not sure what effect. Google, again, not general public. Google is leveraging Google+ into every damn thing they can so if they don't already, they probably will. I was thinking more in terms of Google checkout though. I *can* see them integrating Bitcoin there and I think they are less incentivized than Paypal/Ebay to try to delay things. Amazoncoin? I agree that it won't catch on. Doesn't mean they won't try it first which would push back any potential adoption. |
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Newegg doesn't seem to do that much (to btc price). We are getting ready for a major, major player to start accepting now.
Facebook, amazon, ebay, paypal, google. Those are the top 5 right? Which one do you think will be next? Could we get a list together of internet companies on this level and have Adam make a poll about who will be first? Or maybe another thread given that it the poll would have to sit there for months most likely.
Paypal is Ebay and they have a vested interest in not seeing Bitcoin eat their lunch so don't pay them too much attention (though they will likely have to make a move at some point if Bitcoin succeeds). Amazon is the real big one but I would half expect them to attempt their own coin first. Google? Meh. You'd have to sign up for Google plus to use whatever they came up with anyway. Facebook? Largely orthogonal. Walmart.com is probably one to watch for. They'll have their fingers exactly on the pulse of how much online sales are cutting into their bricks & mortar money and are highly incentivized to slice pennies wherever they can. |
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so do you guys think this recent bump was from the newegg guys who have insider info, or does it have to do with the marshal auction? i personally think it has more to do with newegg.
I agree. Newegg > Overstock and Tiger Direct put together. We're primed to go up. If a government somewhere is about to screw up badly, (and there's probably one), it'll get crazy. |
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someone's got to spend some coins on Newegg
Didn't buy there in ages. Happy they take btc now, but... are they still a good place to buy hardware? Still pretty good though not as hungry as they once were and they charge the tax in my state. They have also started doing that whole "marketplace" nonsense that everyone seems to be doing these days. |
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someone's got to spend some coins on Newegg
I have a BTC set aside for a new laptop when we cross 1000 again. I guess I know where I'll be buying it (I was planning on gyft->Amazon) |
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I wait for the 666 coins, I'm willing to pay a premium
Wait for the Franklin Mint hand painted special edition |
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evil kneivel was a crap toy. broke right away. Mine didn't. Though I did chop the head off of my brother's and bury the body in the back yard. Does he know and has he forgiven you?  I don't actually remember. He may even have been present. |
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evil kneivel was a crap toy. broke right away. Mine didn't. Though I did chop the head off of my brother's and bury the body in the back yard. |
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Holy shit, are you guys seeing this?
Desmond Tutu wearing a tutu and screaming "choo choo"? |
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Guys, I didn't watch anything btc related the last ~2 weeks and I didn't even look up whats behind the last price increase (last 2 days). But I was thinking that everytime people get fresh money on their bank accounts, the price rices due to the same reason. Poeple spend money to buy btc, everytime a pay check arrives.
Anyone else thinks the same way?
Any "real" reason for the price increase? I'll bet we'll see another downward trend in the next week, reversing and increasing by at least 10% by the end of next month..
Someone should run an autocorrelation on the price. Such an influence would show peaks at 2 weeks and 30 days (Also at 1 week but there would be other potential explanations for that). |
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In short, Satoshi was clearly thinking long-term with Bitcoin, or he got very, very lucky. Either way, we are all very much in his debt for getting it so right on the first go.
Every time someone suggests a flaw with Bitcoin, it usually turns out that if you reason it through, the flaw is either not a flaw or an essential outcome of a very important principle. Satoshi is (or are) certainly a genius by standard methods but more importantly seems to be very, very intimate with the factors at play so as to have avoided pitfalls in woolly thinking. The only real flaw I have been able to ascertain is the 51% issue and that is largely only an issue because of mining pools. I wonder if Satoshi never considered that that might be an issue or did and decided to run with it. |
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they wish that the world would be as static as their own intellectual development.
Hey, you're the one that wants a mechanism to keep the price stable (an idea that attempts to buck the market and is used in the real world to transfer wealth to the wealthy and powerful no less) |
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I guess that shows a little lack of faith on my part?
You can have your faith in god but still be cautious about your friend's claims of having direct communication. |
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