I did a reading for the year 2140 when all the bitcoin's will be issued. This is what I got: The Hanged Man  The Moon  The Chariot  I am sensing a long struggle has passed ending without much need for bitcoin. We may have been enlightened so much that we have overcome the need for money. |
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Using the random.org random number generator with numbers 0-22 and correlating them with the Tarot's Major Arcana, I can give Bitcoin a minimalist tarot card reading. Tarot cards are often used by psychics to predict the future. How well will it apply to bitcoin? Look at the days below. 2/26/2013, 5:30AM ESTThe numbers for today were 7, 18 and 22. Using these face values, that leaves us with: The Chariot The Moon  The Fool  My interpretation: As shown by The Moon, there will be a moderate dip today with some stabilization trending upwards -- The Chariot indicates this balance. However, The Fool signifies that some new information may be entering the markets, changing fundamentals.
2/25/2013, 7:34AM ESTThe numbers for today were 7, 1 and 7. Using these face values, that leaves us with: The Chariot: The Magician  The Chariot: My interpretation: The Magician often signifies great power or manipulation. There is a manipulator in our midst and there will be powerful swings in today's price. However, The Chariots in their dual form means all things will eventually come to balance once again on this day. Expect to hold the line as bitcoin stays between 29 and 31 USD in price.
2/24/2012, 9AM ESTThe numbers for today were 14, 21 and 8. Using these face values, that leaves us with: Temperance  The World  Strength  My interpretation: Bitcoin will go through much needed stabilization today. This will strengthen it as the world begins to acknowledge its existence. The price for today will be sideways. |
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The time to buy is now. We are oversold once again.
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Does anyone know why Gox resolves orders one at time instead of all at once?
Do you mean executing orders? There is a que or a certain amount of time before the order gets in the book. The delay is longer if the exchange is busy with a lot of trades. That has the effect of a queing system. I also think that if you place an order at exactly the same price as someone before you, his order is executed first. I have seen this exploited once with "order stuffing". You start a bot putting thousands of buy orders of o.o1 BTC at a certain price, then dump down to just above the price and get to buy back the panic sellers before anyone else gets a chance to get in on the bargain. Yes, I mean execution. I don't know why they just don't bundle up all the met orders and execute them all at once. |
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Does anyone know why Gox resolves orders one at time instead of all at once?
First in, first out? I am not following. I think it should be implicit that if you have an order up, it should be filled when it's filled. If you make a purchase it's final in accordance to the orderbook at the time. Why not? Why give people an ability to back out? |
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Does anyone know why Gox resolves orders one at time instead of all at once?
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How low can we go in regards to supply? Can somebody pull up that ask/bid chart again? I don't know where to find it.
http://www.bitcoinx.com/charts1/depth_mtgox.pngThis is only the visible supply. It can change in an instant (or 6 confirmations?), so I wouldn't let it influence you that much. However, there is a price correlation with the USD supply. |
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How low can we go in regards to supply? Can somebody pull up that ask/bid chart again? I don't know where to find it.
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Sure, they have the capabilities to promote instability.
As you said, for a limited time. Eventually the market would compensate and stabilize the offending behavior. |
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Sure, but I think the point that the OP was making is that he believes that the vast majority of users download pre-compiled executables from bitcoin.org. Whoever posts those executables there will influence a significant portion of the network. Exactly. |
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Because bitcoin is not easily traded on margin. However, you can take out a line of credit to buy bitcoins.
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Bitcoin's almost higher than the number of days in ANY month!
!!!!!
Market cap isn't very meaningful when the money supply - the non lost coins - isn't known.
It's still value that could be retrieved by their owners at any time. People have losted stock certificates before and recovered them decades later. Stocks can become just as illiquid and lost. I am sure there are Google and Apple stocks stuck in Trusts. |
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lol Verifone dropped by 37% today.
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How will this affect the bitcoin market?
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...
And I have jet to see a single statement about this from SD or GOX.
Evorhees (the owner of SatoshiDice) wants the block limit raised, last I checked. Now if his users value a limited block size more than SatoshiDice, then maybe SD won't upgrade or fail at it. |
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I take no sides on this issue.
instead, you are just spreading FUD. do you know what mining operators are doing? What are they doing? |
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Chances are most of the network would upgrade to it with no questions ask. No, anyone with insufficient bandwidth would either not upgrade, or revert to the previous version. As I said: All the naysayers would be left in the dust and with a fork that wouldn't even be worth a nickel per coin. Those who do not upgrade are left with a fork of bitcoin that will be worth little to nothing. Somebody could rename it to "Bitcoin2" but it wouldn't be fungible with the new bitcoin system. |
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If the max_block_size is raised/removed/algorithmically managed, it will be because the majority wishes it to be so.
The majority could be as low as 60%. That's 40% of the people with hard-earned bitcoins being coerced into a new system they disagree with. |
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Whoever runs bitcoin.org runs bitcoin. Unfortunately bitcoin is not decentralized in this regard. At any moment, whoever runs that site can put up Bitcoin 0.9.0, call it an urgent release and dispose of the block limit. Chances are most of the network would upgrade to it with no questions ask. All the naysayers would be left in the dust and with a fork that wouldn't even be worth a nickel per coin.
I'm sorry. The war is lost. Unless one of you buys out bitcoin.org or defames it to the point that it drops off the front page of Google. There is too much lobbying pressure from Mt.Gox, SatoshiDice and others for the block limit to remain.
I take no sides on this issue.
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