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3821  Other / Meta / Re: Considering BTC exponential growth... on: March 29, 2013, 01:34:21 PM
and at least the UK house price fell alot 10% +

unlike Australia where it fell 1% or stayed the same or goes up still!

in Australia property is the religion

Australia's practically the most expen$ive country on earth now (outside Japan, Monaco and a few others), especially Sydney and Perth - it's unbelievable. (OT) I'd still like one of your women, though, whether or not you're still wont to refer to them as "sheilas" in this day and age. Grin
Definitely. In most good suburbs, houses are 800k ~ 1.1 mil..

Cost living is also high, but so is wages

This, for circa 1 mill ~ will get u sorta ok house, but not close in to city sydney (eg 15 Km out, or a shoe box nearer). Also the interest rates are relatively so high its the same as double or triple the repayment of the UK, eg you could spend 2 million quid (even allowing for exchange rate) and have lower lower repayments

and the market goes up 5% still a year in syd at least
3822  Bitcoin / Bitcoin Discussion / Re: BTC in CHINA right now on: March 29, 2013, 12:50:08 PM
I am  living there .any help?

just trying to get a feel if BTC is at all on the radar, street level, vox pop you know......news stories, on tv in between the wacky breast creme rubbing adds etc etc
3823  Bitcoin / Bitcoin Discussion / Re: BTC in CHINA right now on: March 29, 2013, 12:48:20 PM
There is a china section in this forum. you might want to check it out.

ta, took a look, a lot of Chinese script..can't read it
3824  Other / Meta / Re: the hallowed ground of the sacred/ascended satoshi on: March 29, 2013, 07:34:23 AM
Satoshis postings here are very nostalgia and important. I read almost all of them and its soo on intresting how things worked out

which is why they should be preserved as is.

and then a forked version for comments, and reply

BTCI hereby formally propose it time to Fork satoshi's meme-chain, for both posterity and currencyBTC

satoshi 1.0 to remain pristine for all eternity

satoshi 2.0 to open to all comers, and detrancendentalize him/her/it




3825  Bitcoin / Meetups / Re: PERTH AUSTRALIA MEETUP on: March 29, 2013, 07:26:44 AM
Sure
I'm interested... A week later would've been better
LGV

yeah but then it will be a week later and a week later and it will never happen

lets do this
3826  Other / Meta / Re: the hallowed ground of the sacred/ascended satoshi on: March 29, 2013, 07:25:42 AM
I deleted it because the post was strictly a necro bump, and had no real relevance to the thread itself.

Edit:
 
How dare you question our lord Satoshi's importance! When He returns, you will surely be punished for your heresy.

Banned for trolling  Cool.

To funny Smiley
3827  Other / Meta / Re: the hallowed ground of the sacred/ascended satoshi on: March 29, 2013, 07:25:08 AM
How dare you question our lord Satoshi's importance! When He returns, you will surely be punished for your heresy.

yeh nah satoshi will disappear in a puff of logic as I gaze upon him seated on his throne


...actually...come to think of it he already has disappeared in a puff of logic
3828  Bitcoin / Hardware / Re: Avalon ASIC pay back on: March 29, 2013, 05:24:11 AM
Hey I do not understand one thing

how long does it take for a AA to make back the 75 BTC

I really don't get why AA would not be used by the manufacture to mine, if they were worth more than 75 BTC.


Can some one enlighten me?

They have non stop  1 THASH on and testing. Why would they need more units? To destroy the market? $50k per week they make with machines that are currently testing by my rough estimation. Perhaps someone has more detailed info.

you make a good point, by mining now at a low rate, they ensure market exists for thier sales

buuut it still does not stack up why they would bother selling
3829  Other / Meta / Re: the hallowed ground of the sacred/ascended satoshi on: March 29, 2013, 05:14:45 AM
ok so i looked up satoshi as user, and it was kinda cool to see his threads/replys

i decided to reply in one, and realise this sorta sully's the historical record...and I felt kinda hard to explain, like it was a bit sacrilegious/profaneing holy ground vibe.

then some mod/ mod bot deleted it and i was informed by PM

i accept the importance of the Historical records and the policy of making new contemporaneous threads.

However, the fact I felt the vibe of treading on hallowed ground, and that it was deleted, is in a way dangerous, it leads to a cult of satoshi, which is not the way to go.

I think a historical version of satoshi should be made but let people comment in particularly his threads as a means to combat a "religion/cult" of Satoshi developing.

It must be more like a museum and living record, as well as having a historical record, which you could easily create.

There is enough "mystery around satoshi" as it is

and BTCtalk, has a kind of priesthood going replete with symbols eg.
it has the special platinum membership coins...

I'm just not sure its in the best interests of the community to fuel the fire.

Anyway I think you can have the best of both worlds, a backed up no mod historical version and a typed in reply version, that this would be a good idea to let people reply in those threads of the live version....to avoid the cult of satoshi developing

You must have more faith in Satoshi. Long may Lord Nakamoto give us our daily Bitcoin. He who forks the chain maliciously shall suffer the wrath. But all is forgiven by the merciful Satoshi when the client is patched and order restored in the realm.

Actually what is the link to Satoshi's username with post history? I'd like to go through and read some of the original posts.

search for satoshi in users to dredge up his posts

3830  Bitcoin / Bitcoin Discussion / Re: MTGOX to collapse if Japan goes "the Cyprus way" ? on: March 29, 2013, 05:13:45 AM
Quote
though they can maybe figure that out to.

I'd be glad to take part in the experiments for that! WINK WINK! Wink Cheesy


Boom tish...

but you probably get something you never bargained for
3831  Bitcoin / Meetups / Re: PERTH AUSTRALIA MEETUP on: March 29, 2013, 05:02:32 AM
for sure
I'll spread the word around Ozcoin's IRC and #bitcoin-aus see if we can get at least 4 of us Cheesy


edit
I have some Bitcoin bumper stickers and stuff I'll bring along to give away Cheesy
(/me stoops top low level bribery!!)

edit#2
oops, and this weekend is a bit busy for me, would either of next 2 weekends suit anyone?
also Easter might be a few out of town Wink

Ok we will do next Sunday 10 AM to 12 AM at the state library!!! meet in the foyer area
3832  Other / Meta / Re: Considering BTC exponential growth... on: March 29, 2013, 03:03:22 AM
The explosive rise in British house prices is due to many factors along with inflation. The proof of this is that house prices have tripled (at least) against gold in the past 30-odd years!

and at least the UK house price fell alot 10% +

unlike Australia where it fell 1% or stayed the same or goes up still!

in Australia property is the religion
3833  Other / Meta / Re: the hallowed ground of the sacred/ascended satoshi on: March 29, 2013, 02:45:55 AM
Just don't post in long dead threads, regardless of who started them or posted in them.  Basic courtesy, not a cult.

I accept your advice and view in general....

but maybe their needs to be a separate satoshi area, to demystify it all
3834  Other / Meta / Re: Code to sort out your sig on: March 29, 2013, 01:07:09 AM
No, it's a default font size difference.

Right. You should hopefully be able to get 3 lines of default-sized text on most browsers, but more than that might get cut off.

my adds  always display between the reply, never over them
Ads don't impact your signature.

greyhawk's seems to have set his browser to have a minimum font size of 9 pt or something.

ok ta...thanks for clearing that up
3835  Other / Meta / the hallowed ground of the sacred/ascended satoshi on: March 29, 2013, 12:57:32 AM
ok so i looked up satoshi as user, and it was kinda cool to see his threads/replys

i decided to reply in one, and realise this sorta sully's the historical record...and I felt kinda hard to explain, like it was a bit sacrilegious/profaneing holy ground vibe.

then some mod/ mod bot deleted it and i was informed by PM

i accept the importance of the Historical records and the policy of making new contemporaneous threads.

However, the fact I felt the vibe of treading on hallowed ground, and that it was deleted, is in a way dangerous, it leads to a cult of satoshi, which is not the way to go.

I think a historical version of satoshi should be made but let people comment in particularly his threads as a means to combat a "religion/cult" of Satoshi developing.

It must be more like a museum and living record, as well as having a historical record, which you could easily create.

There is enough "mystery around satoshi" as it is

and BTCtalk, has a kind of priesthood going replete with symbols eg.
it has the special platinum membership coins...

I'm just not sure its in the best interests of the community to fuel the fire.

Anyway I think you can have the best of both worlds, a backed up no mod historical version and a typed in reply version, that this would be a good idea to let people reply in those threads of the live version....to avoid the cult of satoshi developing
3836  Other / Meta / Re: Code to sort out your sig on: March 29, 2013, 12:16:14 AM
No, it's a default font size difference.

Right. You should hopefully be able to get 3 lines of default-sized text on most browsers, but more than that might get cut off.

my adds  always display between the reply, never over them
3837  Economy / Speculation / Re: CRASH BELOW 90!! on: March 28, 2013, 08:39:19 PM
I for 1 would love it to crash to $1, $10
3838  Economy / Speculation / Re: Just another crash discussion on: March 28, 2013, 08:23:12 PM
This is why you hedge into alt coins about 1/4 or 1/5 of BTC total

so you don't care about bubbles/crashes any more

ok you may have less BTC in the end, but maybe not, and you very may well have more.

if it does have a crash...then alts will go up, covert half or alts to BTC and then wait.

repeats.

later when BTC UP concert half of you gained BTC back to alt

repeat.




Lets look at some charts.

The first chart is going to be a 2 month chart with a 12 hour time period that shows the rise and fall of the '11 crash.

The second chart is going to be the last 2 months with a 12 hour time period.



The million Bitcoin question is: Are we in a speculative bubble?

Now for some possible answers.

We are in a bubble

Look at the fucking graphs. You have got to admit they look very similar.

Dragonfly doji, indecision forming... a storm is brewing.

No, we are not in a bubble

There is nowhere near as much uncertainty about the price this time. It's a lot more stable. Also the user base is much stronger now. More services than ever are using Bitcoin.

The real answer

Who knows.



Extra thoughts

If we are in a bubble and it were to crash right now, and follow the same pattern as the '11 crash. It would stop at around $50.

3839  Economy / Speculation / Re: Do any of the models apply? on: March 28, 2013, 08:06:31 PM

Its certainly interesting to read all the analysis and speculation about the future of bitcoin.    "We had a bubble before" ... "Its following the trend of gold" ... "It's all speculation and hype" ... "Its a pyramid/ponzi scheme"...  "Look at the trends... here is a bear trap/bull run/cow patties"

The thing I keep coming back to is that nobody has really seen anything like this before.  It is the creation of a brand new currency based on a new paradigm.  No more reliance on central banks or government... peer-to-peer... technologically sound.  How can you really relate it to anything we have seen before?

The closest thing I can see regarding its future potential, and it was referenced in a comment I saw this morning, that the talk is not unlike people talking about personal computers in the 80s, or the Internet or WWW in the 90s.  And look where they are now.  This is the equivalent in currency.  And if that is the case, I feel more strongly about its future than ever.

I think we are witnessing history in the making... and taking part!

your right

people are confusing stocks/bonds/instruments/FOREX with which they are familiar with FRB/CRR currency creation and adoption rates It is very very few people that understand FRB/CRR etc



people are adopting BTC, and it is expanding, displacing its/the value from other currencies and preserving each bit of fiat value it takes.


FOR EXAMPLE

do people realise that no one makes money on the stock market ever

they only swap money that has already been in put circulation/created by approved FRB institutions / debt instruments

you only swap existing money on the stock market
3840  Economy / Speculation / Re: By buying 1 BTC you are depriving 666 human beings from owning bitcoins. on: March 28, 2013, 08:01:18 PM
There are about 0.0015 BTC per human being on this planet at this time. Therefore, by buying 1 BTC you are depriving 666 human beings from owning their fair share of bitcoins. Evilness of those who hoard thousands of BTC is simply despicable. Mu-ha-ha.

In all seriousness I have actually thought of this as a model to value BTC

essentially, if every one needs 1 BTC, is worth that multiplier of people. so 1BTC = the net worth of say 500 people. However it has to be the average 500 people and so not that high, say 1000K each given you are including children, economically deprived countries, but also some of te 5% ultra rich are in there.

so 1 BTC = 500 * 1000

gives 500K per BTC

but you have to divide this by market penetration, which is say 5% 25K

this may give a order of magnitude either way to say, 2.5 K to 250K is reasonable per BTC, to put absolute limits on BTC value


 
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