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I would imagine this throws a wrench in the Bitcoin ETF as they were trying to define Bitcoin as a commodity.
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I found out about bitcoin when stumbling upon an article how bitcoin was dying and totally useless. The rest is history.
Most people need to hear "bitcoin" a number of times before they take it seriously. Also it's so much easier to explain bitcoin to someone, once they've already heard about it!
Same here. I found out about Bitcoin after the "allinvain" theft. I was actually very skeptical about Bitcoin in my early posts as well but that unfortunate news was the first step towards understanding what Bitcoin is and what it potentially could be. |
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HSBC scared about money laundering? Now that is the pot calling the kettle black.
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Wow that's embarrassing for the WSJ. Even if it were true, he wasn't backing Bitcoin, he was backing Avalon. Basically the shovel providers in this modern day gold rush.
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Anything similar for Mac?
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That silver is still around. It just isn't in bullion bars.
A lot of silver is subject to inelastic demand. ...once the silver is consumed into devices like this, it's not economical to ever recycle it. It might as well just be gone forever. ...more gold bullion above ground right now, than silver bullion. I believe the historic Gold:Silver price ratio is 16. Currently it is much higher. But if there is more available silver than gold, and inelastic demand, I wonder if someday the price difference could reverse? Has silver ever been more valuable than gold? I don’t think so. Should/Could it be? Logic suggests maybe. Of course, applying “Logic” to markets is problematic. Should we be looking at junk silver too? Sliver Wheaton, anyone? I no longer own SLW but I think it's a good play if you are bullish on silver. A guy on a macroeconomics forum I read bet a bunch on them a while back and made a nice return. |
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Those of you having issues, do you have a credit history? If so, good credit? Bad? Just trying to narrow down what their "high risk" criteria might be.
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You should be able to get this resolved via the Blockchain - Mt.Gox are fairly reasonable folks.. unless they have recently changed for the worst.
Recently changed for the worse? They've had terrible service for a long time now. |
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We're supposed to end up with 21 million bitcoins. But actually this can never be true since bitcoins are easy to lose permanently. All it takes is for someone to lose their private key and zap! BTC disappears forever. Apparently in the beginning of the BTC realm, many people lost their private keys because a lot of people didn't take bitcoin seriously. And what if the Winklevii lost their private keys? Sure would reduce down the number of BTC quite a bit (no pun intended).
What do you think this means for a future world operating in bitcoin? Do you think Satoshi considered this problem when he wrote up his formulas? Do you think there's any way to counter-act the diminishing supply?
I think this has already been discussed much before. As bitcoins go up in value, the incentive to not lose them also increases, so people will take better care of their bitcoins. The bitcoins are not gone forever (forever is a very long time) they are just unusable at the moment. If bitcoins continue, maybe someday a lucky person will generate the keypair needed for those old bitcoins and be instantly wealthy. Not impossible but highly improbable. You're probably more likely to hit the Powerball lottery a few times. |
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Coinbase sounds like the best option as you don't have to keep your funds on an exchange (less counterparty risk) but you will pay higher fees.
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I missed the memo! When did Bitcoin get lips? Bitcoin said it "has no choice but to suspend operations until such as time that the laws in Thailand are updated to account for the existance [sic] of Bitcoin", adding that "the Bank of Thailand has said they will further consider the issue, but did not give any specific timeline". Yeah I noticed that too, kinda odd phrasing but I think they're referring to Bitcoin Co. Ltd, the Thailand company that has suspended operations due to the ruling. |
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noooooooooooo... not again
a repost of the same topic AND another newspaper who can't factcheck.
sad.
Are you saying it isn't true? Can you provide a link? (And sorry if it's a repost, I checked here and press section, didn't see anything) |
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Who says we won't have 0 fee transactions in USD in the near future?
It's not like it's technically impossible
The only reason its not here yet is because it needs a solid infrastructure, which is being built right now, but takes time
Aren't there already 0 fee transactions? If you go paper wallet to paper wallet, there are no fees, correct? Paper to paper is irrelevant, as long as it goes through the blockchain, you may need to pay a transaction fee. If the transaction is small enough, you may not have to as miners may pick it up but it's always best to add a transaction fee if you want to ensure the transfer goes through. Usually 0.0005 is enough. |
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It appears that there are several major exchanges. Why is the price USD price 96 on one exchange and 88 on another?
Read the service discussion section of this forum for the number of people having problems getting their money out of Gox. Basically with no way to transfer fiat out of Gox, people are buying Bitcoins at Gox, moving it to another exchange, and selling it there. |
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Do you have to use the "alpha man" size ring in order for it to work with the S4 or does the regular size work as well? What about the S3?
Good question to ask. You can reach out to them via email here: John@mclear.coThanks, I'll shoot them an email. |
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Do you have to use the "alpha man" size ring in order for it to work with the S4 or does the regular size work as well? What about the S3?
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I love my Euros  Regardless what many people say - it's the second strongest currency in the world, it gives the holder accept to the biggest market of the world, its strength makes wares from all over the world cheap for euro-holders, cause everybody wants to give his goods against this lovely euro. So you can pay with them in a lot of non-euro countries, because everybody wants it. It's geat, and it's not gonna die, and even if I love and have Bitcoins, the death of the Euro would do really big harm for me and for a lot of people I love, so even in my dirtiest Bitcoin-dreams I don't wish it. But you don't have to think in this terms: Euro die, Bitcoin live. It's no zero sum game, where one succeeds and the other fails. What's the problem to have two currencies? I expect Bitcoin to works better than other currencies in the following fields: a) something like gold (it is already) b) the great currency of the internet making the cyperspace the largest free trade zone of the world c) a tool to overcome currency-crisis Nothing of this conflicts with the glory of the Euro There's nothing wrong with two currencies, it's just that the Euro is flawed. It's far too fragmented in terms of policy and too many serial defaulting countries were let in, which makes it very easy to cause a systemic crisis. Portugal, Italy, Greece, Ireland, and Spain are all on very shaky ground and the EU and ECB do not have the capacity nor the authority to step in as a lender of last resort like the Fed. Read up on the number of times these countries have defaulted, do you honestly think it won't happen again? There's a reason the UK stayed away from the Euro. If it weren't for countries like Germany propping the Euro up, it would have collapsed by now. |
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A friend of mine had his bank account shut down, and had to move his own and his wife's account and the mortgage too, the bank essentially said they did not want his business.
Interesting about the mortgage. I'm assuming the bank was just servicing the mortgage and sold it off long ago to Fannie or Freddie. You would think there would be some sort of contract language where they can't just stop servicing the account without cause. I don't think another bank would just pick it up like that as they probably don't make much if anything off doing so. I've learned that contracts basically means nothing. The major player can essentially do whatever they want and break any rule and regulation at a whim. They know most people will not fight them through the legal system. If a bank shuts down your account and don't want to service you whatsoever, do you move everything to a new banks, or do you start a legal process that could take years? Most normal folks don't have the desire to waste resources on such processes. What the contract says has next to no value, big companies and state entities always do whatever the hell they want to do. You could always point to the contract and said they've breached their promise, but at that point, if they're not cooperative, what else could you do ? You could sue, and perhaps you'd even win, but the process would take a lot of time, and take a lot of resources from you, that you could spend on other more constructive things. I can understand this for a demand deposit account, it's relatively easy to transfer this to another bank but for a mortgage (which if conforming is sold after booked) is a bit different. The bank is basically out of the loan so to speak and has sold it off and is just acting as a payment processor. I don't know what type of benefits they receive for this but it seems like another bank wouldn't be all that enthusiastic to take that responsibility on. |
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Well he's certainly buying when there's blood in the streets, people are fearful, and all the other applicable adages. Unfortunately for him, it is quite possible that "all applicable adages" - that would have applied in the past 50 years - are simply not applicable in today's world. For the same reason, I believe many existing successful investors like Warren Buffett - who see the situation in the USA as improving - are totally wrong. There's an interesting article by Meredith Whitney in the Financial Times today - titled "Detroit aftershocks will be staggering" - about Detroit and how there are a whole collection of states in a similar position, ready to do the whole thing. Anybody read it? It's on pastebin In my opinion, Meredith Whitney is one of the smartest people on Wall Street right now, and furthermore she has the balls to come out and say what's actually going on in the USA. Which says a lot about Wall Street, since she's a woman. http://vpaste.net/la3QHWhitney has been warning of a muni collapse for years now. Maybe she was just off on her timing and is now going to be proven correct. Only time will tell. We've seen municipalities default before Detroit and we'll see more after, but nothing on the scale of a city like Detroit. |
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