There have been other articles before in some quite big chinese newspapers on the economic pages.
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Sorry to say but Tenebrix is a worst case marketing name. Not only impossible to remember if you hear it once but such a name also gives a negative loop on the word of mouth effect.
So if you are serious about your business you need to treat the naming of the coin serious.
Other than that good luck!
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When everything is crashing so will Bitcoin, because is speculation and people tend to want to keep their money secure during bad times. They also tend to have less of it. Ofcourse gambling do also increase during bad times, but its more luck based gambling.
However some might think Bitcoins are better than fiat when/if the Euro crash so sure some will still by bitcoins but I would not expect price to skyrocket in the coming months.
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How about a Bitcoin plugin for those, that allows you to click on a bitcoin adress and select how many bitcoins you want to give/send to that adress.
Something like Richard Stallman described in his speach a few years ago.
Yes, you can open your wallet and copy/paste in the adress. But a plugin that allows you to just click, would make it even easier and also would show the world what Bitcoins are for.
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The effect of a "war" like that would only destroy the trust and faith in Bitcoin, so it would ruin the value of it.
Since hopefully many miners also save Bitcoins, they dont want those to decrease in value.
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Brainstorm:
You could create a Bitcoin trade competition together with MTgox to get newcomers into Bitcoins.
Example.
To join, you need to buy bitcoins for say $100 to your bitcoin adress at say MTGox.
Send half a bitcoin to the competition adress.
Than you need to trade the ones you have.
Now the one who can trade these to the highest value will get $5000 The runner up will get $2000 and the thirdplace would be $1000 etc.
The winners also get to keep their Bitcoins.
The competition will only run once atleast 1000 persons have joined. They must not have an account at MTgox previously.
This would mean that there will new people buying bitcoins for $100.000.
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I think its possible that Bitcoins are going down, and will probably stay very low for atleast a year maybe below $2 or even $1. People will sell many coins around christmas, and who will want to buy coins at that time? Its very likely we will get a crash at that time.
As long as Bitcoins are going down at this speed its also very hard, almost impossible to get people and business to use Bitcoins meaning less money buying new Bitcoins.
The legal issues with Bitcoins makes it impossible for any serious gambling company to use, since it will mean that they will lose their license.
However I see it as a possible very good investment longterm unless there is a better alternative but at this time its gambling.
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Its very common for people to forget their secure passwords and as Bitcoins becomes more mainstream it will happen quite a few times.
Is there any way to have a optional "password hint".
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What about Bitcoinia.
If they can controll the market and know for sure how it will go. They can earn quite much by betting on it.
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The wall is joke for those at the Sibo...Its pocket money.
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This rally is because of Sibo conference. I expect any effect of the conference to start from maybe tomorrow to a few weeks ahead. If they now realize they should invest some pocketmoney, a couple of million dollars in Bitcoin?
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This can and will have a huge impact. People on the conference represents trillions of dollars. They could easily increase the price back up to $30 in a day
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Noticed it to today. It does not show up on a search for "bitcoin forum" anymore in the top at google.no and not even at google.com.
It does even not show up on first page on the search term "talk bitcoin".
And is not even first position on "talk bitcoin forum"
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Looks very interesting.
I the early adoptor thing is unfortunatly a potetial big problem for Bitcoin. If people think it is a problem, it is a problem.
Hope someone will code this.
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Looks really promising and I hope you will do great, but I dont like this.
"If a client has not logged into his/her account for one year, COPBE will charge a monthly fee of 5% of current account balance but no less than USD $50 or the equivalent thereof until the account balance is zero."
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There is nothing "unfair" about it. Its the way it works. They sometimes have to do this in order to not get shut down accused for being a money laundry service. You can allways transfer you Bitcoins someplace else if you dont like it.
Yes ofcourse it could also be a phishing.
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Multiply coins times current dollars to estimate the exchanges cut fiat currency. Paying for power, servers and bandwidth (not to mention salaries) in bitcoins is a difficult proposition at the moment so their lifeblood is real currencies.
For example, for 30k coins at .6% commission:
$30 = $2700 a day $10 = $1800 a day $5 = $900 a day. $1 = $180 a day. 10c = $18 a day 1c = $1.8 a day
Volume hasn't really changed much as prices dropped. So at some point if the prices stagnate long enough it may become uneconomical to run an exchange. And at that point selling accumulated coins won't help much either.
Thats not how an investor works. Dont think most investors sets out to buy 10.000 coins. They invest x amount of money, its just that they will be getting or selling more Bitcoins. So the amount of money should be the same. If Bitcoins go down in value to half, the amount traded should double, otherwise it probably means that people are investing less in bitcoins. That likely indicates it will go down even more in value.
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Today I saw Adi Shamir (you know, the S in RSA) and managed to talk with him a bit about Bitcoin.
He says he wouldn't want to keep cash on his computer given how easily computers can be hacked, and that we're losing the war on computer security.
He didn't express any concerns about the viability of Bitcoin's economics or core technology, though.
This was following a talk he gave with the tagline "why we need cryptography, and why it won't help us".
Bitcoin can be stored in banks. You should not need to store everything in your computer.
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How easy would this be to hack? Since everything with Bitcoins get hacked these days...
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I expect it to take some time.
But as christmas with christmas expenses and holiday approaches and people have other things to care about. Price will go down.
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