I picked 90% in the poll for the price paid.
I am starting to think that they may be conservative and may exceed 100% due to slippage.
Slippage in this market for orders of that size can exceed 10% ($60)
What could be interesting would be a big move between the submission deadline and the auction being settled. Hopefully unlikely but could make things interesting one way or the other. |
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okay, lets say one of you guys really wanted the coins. would you put a sealed bid at market price (hoping no one else wants to pay retail). or would you pay 10-20% more or less?
If I wanted 3k coins, I would contact a miner and attempt to negotiate a price a little under market. If this auction appeared on my radar whilst I was considering it, I'd probably throw in a low-ball offer on the off-chance. Thus I think these coins will sell at a discount. |
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So, when is someone going to buy an island, start a farm, power plant, ISP, and waste water treatment facility that does everything in bitcoin? Then, we can say F*** fiat, lets price everything in BTC. I'd rather pay a set BTC price every freakin' time then buy a couple pizzas worth a few million dollars a couple years later.
Any takers? That'd be the easiest way to start a TRUE BTC economy that's not dependent on the Fiat->BTC relationship. Granted, it would probably take a little while to get going, but it would be awesome...
I understand Risto's Bitcoin Supernode Hideaway is intended to be all Bitcoin. I'm not sure what his timeline on getting that up and operational is. 2021, I think. That's quite a ways away. If Bitcoin hasn't caught fire by then, it may never. If it does before, someone is likely to eat his lunch. Then again, if his holdings increase in value, he can probably bring the schedule forward significantly and still have first-mover advantage. Though his choice of location may prove to be an issue. |
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Don't post very often guys, but been around for a while, got most of my coins in the 80 -120 bracket. Because of that i have pretty much just hodl through a few of the ups and downs and never had to worry about losing money cause it has rarely dropped below that whilst i have owned. Knew it was a bubble late last year but just didnt want to sell at gox where i had an account, and was just too lazy to set up stamp, so i have just kept hodling though the up and down.
Just wanted to say it feels a lot like it did when it was in the 120 -150 range for a while, before exploding to 1000. Occasionally i have doubts cause my coins are worth a reasonable chunk of change and it would suck to lose my bitcoin nest egg, but i have to say, from a rational perspective, bitcoin has lot more going for it now than it did 12 months ago.
Trade if you think you are smart AND lucky. Otherwise buy, hold, and look forward to the future!!
When did you realize that you needed to remove your BTC from GOX, and when did you finally act upon that realization and remove your BTC from GOX? LOTS of NON-Traders and HODLRs got stuck with their coins on GOX b/c they waited to long to move them.  Gox was looking shaky for a long time. Anyone who kept any more than there immediate needs on there was taking unacceptable risks. The Gox premium served to deter some from escaping via Bitcoin and there is some excuse for being caught with your fiat pants down, perhaps but anyone using them for bitcoin storage, well... |
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I see your point but government cares if the public cares. Like when Gordon Brown sold off Britain's gold. I just had these thoughts when I first heard of the auction, but the amount of BTC is not that high and also the auction style does not really promote this scenario imo. Funny thing is, when they came off the gold standard, they effectively stole that gold. Now they're selling it anyway. We're definitely circling the drain. |
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Wow, Im pretty sure that anywhere in the world you go and ask a cab driver what bitcoin is, they never heard of it.
I ask about 2 cab drivers a week in New York, and have done since 2013. I have met exactly one who admitted they had heard of bitcoin. This is extremely bullish in the long-term, and very disappointing in the short term. These people should be primary users of bitcoin. Almost all of them are recent immigrants who support families in Asia or Africa via remittances. Waiting for confirmations makes usage of Bitcoin problematic for taxi driving anyway. Not that it couldn't be done but there need to be other kinds of infrastructure in place for that to work (effectively a Bitcoin credit card or preloaded escrow) |
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So, when is someone going to buy an island, start a farm, power plant, ISP, and waste water treatment facility that does everything in bitcoin? Then, we can say F*** fiat, lets price everything in BTC. I'd rather pay a set BTC price every freakin' time then buy a couple pizzas worth a few million dollars a couple years later.
Any takers? That'd be the easiest way to start a TRUE BTC economy that's not dependent on the Fiat->BTC relationship. Granted, it would probably take a little while to get going, but it would be awesome...
I understand Risto's Bitcoin Supernode Hideaway is intended to be all Bitcoin. I'm not sure what his timeline on getting that up and operational is. |
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I still like him better in Pulp Fiction.  |
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Once I met at lunch the prof from our Mechanical Engineering dept who wrote the report that pointed out the problem and eventually convinced the government to order the recall. It was not a easy struggle to overcome the Fiat lobbyists and lawyers, and I don't think that he got more than his expenses refunded.
Which just goes to show that sensible academics don't support fiat. |
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If you just had sold the gold for BTC in 2010  But yeah, sell, hold and be happy in 1-2-3 years. Just hope it's not plate. who cares, it is the collateral for a laptop. $1000 of gold or $1000 of plate is the same.  It is the amount it is. Therefore if it is plate, worth much less than solid. Possibly it is worth much less than what the laptop was worth anyway, espcially since the ex doesn't appear to be wanting it back. |
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If you just had sold the gold for BTC in 2010 But yeah, sell, hold and be happy in 1-2-3 years. Just hope it's not plate. |
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If you are posting your position, thoughts, etc on a public forum then you should expect people to disagree, convince you that you're wrong and tell you what an idiot you are. Hi I'm Nightowlace allow me to be the first to welcome you to the internet. It's tough out here kid, you're gonna need to man up and get yourself a thick skin.
There's bound to be some of that but in this case, I think it was taken a little bit far. |
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I want to remind most of you here that it is not your fucking problem what I do with my money or what I think about any investment...it is still my point of view and I don't want to hear that I am being "foolish"... period.
I hear ya. It's one thing to disagree with someone's position but another to try and convince them they're "wrong". I hope you have a great two years off if that's your plan. |
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So it's a profit making game and not the future of money?
If it was about the future of money, they would be holding, not selling. The weak hands are typically both speculators and not convinced that Bitcoin will continue to see increased adoption and rising price. We need them to sell to go up since they are a negative feedback on rising prices. They will buy back in as we shoot to the moon and be the cause of the ensuing bubble burst and slow recovery again. These people are where successful traders profits come from. |
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If bitcoin were to become a central aspect of the Dubai economy, then 400 ATMs would make sense....
Somewhere between 40% and 60% of Dubai does not make sense so this would fit right in. |
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wow chartbuddy, that's the choppiest graph I think I've ever seen you post You haven't been paying attention then  |
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Looks like I picked the wrong week to quit sniffing glue.
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I heard they would be auctioning off 30K coins in 30BTC blocks online in a few days, i might wana bid! if i could get my hands on 30BTC for ~10-15K$ fuck man BUY BUY BUY!!
http://www.usmarshals.gov/assets/2014/bitcoins/This auction is for 9 blocks of 3,000 bitcoins (“Series A Blocks”) and 1 block of 2,656.51306529 bitcoins (“Series B Block”).
they would of gotten a better price if they had small blocks everyone could bid on. oh well. Whales need coins. Anyone planning some group buys? |
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Now Bitcoin isn't trustless anymore. That's unfortunate.
Yeah true, so much true now sodl and gtfo, go play with wow gold. You are agressive, your life must sucks, I am sorry for you, I hope you will do better in the future. Oh I'm sorry did I scared you, I'm sorry I didn't mean to scare you, I'm not aggressive in nature, sorry again. So this is your 1st 51% incident is that true? That's not because it's not the first time that it's not very serious. Peter Todd is worry too: http://www.reddit.com/r/Bitcoin/comments/281ftd/why_i_just_sold_50_of_my_bitcoins_ghashio/Bitcoin cannot grow worldwide if its faith depend on the hypothetical good behavior of some human beings, the stakes are too high to afford to trust somebody. So as I understand it from what you write the smart thing to do is to sodl nau and gtfo is that right? The smart thing to do is to admit there is a problem and search for a solution. You don't think my solution is plausible? That's not qualify as a solution in my book. So... much ado about nothing... Solution is to run away from ghash.io and not be to greedy for couple of extra bucks from theirs no fee and merged mining. A solution that involved the need for human beings to not be greedy is not a viable and realistic solution. Ah yes u are right stupid me . People cant not be greedy LOL . Damn this conversation should be in a philosophy text somewhere. I'm not sure the Socratic style is still appealing nowadays. Such quoting. quoting such quotes Yo dawg I heard you like quotes so I put a quote in your quote so you can quote while you quote. I don't like quotes but I like my BTC +600. Cascade!!! |
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