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4041  Economy / Economics / Re: The situation around the time of the MtGox carsh on: January 15, 2013, 09:45:06 PM
There where a lot more people intersted in bitcoin back than.


I think that is mostly an illusion. Lots of people were becoming interested at the same time back then and there was so little content and infrastructure that they nearly all came here. The quality (in terms of average usefulness of a post) was much higher immediately before the explosion so it was a reasonable place to come. I think a lot of people left the boards, and maybe also came down from a bitcoin high, and certainly some decided bitcon wasn't interesting after all, but I think it is much more a matter of dispersal than disappearance.

I would not send someone new to the boards now, but it was the first place I'd mention 2 years ago.

I don't think they were interested in bitcoin so much as buying drugs online. Then, when the masses got hit with the prospect of their transactions potentially not being that anonymous they all backed out. It was the aftermath of the aftermath of the Gawker Silk Road article.

Those people bought bitcoins for a single purpose and when that purpose was a pain in the ass, they abandoned it. The people fuelling this growth in value I can't see as being anywhere near as shortsided as people who came to bitcoin in that big rush on the fad-wagon.

Some of the more recent local clients that I sell bitcoins too have been pretty nervous during the transaction, so I'm not sure it's a entirely different crowd.  However, thats only a couple out of a quickly growing population of local users.
4042  Economy / Goods / Re: New Zealand - Anything you want! on: January 15, 2013, 09:40:34 PM
food seeds, preferably things that will grow in a temperate climate.

I can get a large range of food producing seeds, any particular seeds?

I'm trying to set up a community garden. Have any lists or sites I can look at?

Your location (climate and water availability) will largely control what you can grow.  If you are in the US, this site will give you region-specific advice: http://www.garden.org/regional/report

If not, google is your friend.  There is lots of info out there about gardening/farming.
4043  Economy / Speculation / Re: A word of caution to those who have bought recently on: January 15, 2013, 09:30:12 PM
I have bought recently and am not concerned if the price drops.
i like your post, the problem of all enthusiasts here is that they are somehow already maxed out on how much they want to be exposed. or have to rethink their exposure over the next few months.

Well, as long as these enthusiasts think about their exposure in relative terms of their wealth and earn more than they need for a living then they will just continue buying some Bitcoins with every paycheck. If you don't have any other immediate use for your money then that's probably not such a bad idea and I'm pretty sure I'm not the only one doing just that.

I'm doing that.
4044  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: January 15, 2013, 06:40:03 PM
what was the highest volume ever?

Depends on the timeframe.  Either way bitcoincharts.com can tell you.
4045  Economy / Economics / Re: 2013.01.15 Benjamin Bernanke on: January 15, 2013, 06:35:56 PM
Got some aair time today;

Talked about the urgency for congres to think up a plan and that interest won't be raised unless there signs of hyperinflation.

He used the H-word.

Anyone got a take on this? Is This the doom N gloom message in code?

Which H word?
H-yper inflation, okay two words.


Hmmm... Maybe I need to watch this one.
4046  Economy / Economics / Re: 2013.01.15 Benjamin Bernanke on: January 15, 2013, 06:32:45 PM
Got some aair time today;

Talked about the urgency for congres to think up a plan and that interest won't be raised unless there signs of hyperinflation.

He used the H-word.

Anyone got a take on this? Is This the doom N gloom message in code?

Which H word?
4047  Economy / Speculation / Re: Yet another analyst :) on: January 15, 2013, 01:56:08 PM
If I am the Demon, pent is an Angle.

He is light part of my person developing DIANNA block chain for future of censorship-free Internet.

I like to be on both sides of stick. This keeps me integrated.

Do you mean Angel?  If not, is he an acute, an obtuse, or a right angle?
4048  Economy / Speculation / Re: USD/BTC Decoupling from forum activity and search trends on: January 14, 2013, 10:45:09 PM
maybe a plausible conclusion is that a correction from this decoupling is about to occur after x time lag.

keep dreaming... maybe you'll get us some cheap coins Wink
4049  Other / Archival / Re: Pictures of your mining rigs! on: January 14, 2013, 04:56:00 PM
Silly windows users... no plugs were ever needed in linux.
4050  Bitcoin / Bitcoin Discussion / Re: The 10 principles in Bitcoin on: January 14, 2013, 04:45:51 PM
I'm actually starting to lean heavily towards finite. I don't know but both predictable and the current consistent is way too loose for just how fixed Bitcoin's supply is.. what about soundness as a principle, wouldn't that fit Bitcoin very nicely?
Quote
soundness

sound
2 [sound] adjective, sound·er, sound·est, adverb.
adjective
1. free from injury, damage, defect, disease, etc.; in good condition; healthy; robust: a sound heart; a sound mind.
2. financially strong, secure, or reliable: a sound business; sound investments.
3. competent, sensible, or valid: sound judgment.
4. having no defect as to truth, justice, wisdom, or reason: sound advice.
5. of substantial or enduring character: sound moral values.

My only concern with 'finite' is, that while true, it has a subtle connotation of 'fixed'.  The supply of bitcoin in circulation is only fixed after a very long time from now (but until then its growth rate is predictable Smiley )

Regarding 'sound', that's a conclusion based on a judgement call, not an objective fact about bitcoin (much as I agree with all the above.)



As a mathematician, finite has no such connotation in my mind.
4051  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: January 14, 2013, 02:44:59 AM
For recreational purposes and as fodder for the bulls, here's a chart I just made that attempts to get a better picture of actual Bitcoin transaction volume (in USD, from 2011 through now) by exploting the effect of a recently discovered bug in the satoshi client that causes "the change output to never be the last output of a transaction":


(click for larger version and more info)

If this indeed shows an accurate enough picture of Bitcoins actual transaction Volume (the extent to which this is the case is unknown to me) then I can't help but say: this is fundamentally bullish.

I would be interested in seeing this chart with all of transactions involving 1dice* addresses excluded from the data.

+1
4052  Economy / Speculation / Re: A word of caution to those who have bought recently on: January 13, 2013, 07:55:44 PM
Why is there always this urge to attribute price movements to "one large buyer" or "the manipulator" etc?  Roll Eyes

I feel like there is a psychological need to attribute things to single people... maybe this is why so many believe in god, and in a king or president to control things?

There actually is. Look up Rene Girard.

Is he the guy we can attribute everything to?
4053  Economy / Speculation / Re: Call the Peak Contest/Experiment (1 BTC Prize) on: January 13, 2013, 07:48:56 PM
108
4054  Bitcoin / Bitcoin Discussion / Re: Bitcoin will be at CES2013 (Official Thread) on: January 12, 2013, 10:57:09 PM
I'm sure you could start you own fraudulent/mismanaged company in your country too.

Good Luck
My country is an oligarchical semi-feudal bureaucratic shithole with complete lack of venture capital. Believe me, it is much easier to start any company in 'Murrica, even a fraudulent one.


Are you like...in Romania?
No, but relatively close.
I know a few Romanians, though. They taught me how to greet a Romanian girl. I'm supposed to say 'sugi pula'. If she refuses, I'm supposed to reply 'fututi morti mati'  Cheesy

Google translate doesn't quite handle the second one... something about fucking something dead.
4055  Economy / Speculation / Re: $30 / BTC by March on: January 12, 2013, 06:37:27 PM


When the price hit an all time high at June 5th 2011 we have seen a rally about every 7 months. If this pattern continues we could reach the old high around march 10. From that level we would probably have a correction (to the $20 level?) If this materializes it would set the stage for a gigantic cup and handle pattern with a price projection of $58.



This chart and analysis is licensed under a Creative Commons Attribution-ShareAlike 3.0 Unported License. I used Bitcoincharts.com.

If you find this useful you can donate to: 193UusyT5UAiy2MAwhWUZF6oUGUwF3pH19

I but optimistic IMO, but I wouldn't complain if you were right.
4056  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: January 12, 2013, 10:40:55 AM
Can someone explain the purpose of the bot's orders that sell 0.01 btc to the bid price after each buying that "virtualy" lower the price?

example :  http://uppix.net/9/5/4/68906b587e8761bc819afef02b1d1.jpg
check the 0.01 sell after each buying.

Is it bullish (price seems lower to buyers) or bearish purpose (to lower the price each time it's possible) ?
I can't figure it out and maybe that technique has a name?

Thanks


I am fairly certain this is action by Isis/Aido ATP users. It would appear to be an unintended effect; when configured to trade the minimum allowed, it can execute trades near continuously. Very long thread here.

if the spread is over 10 cents and they do this all the time they can profit off it

https://mtgox.com/fee-schedule

the spread seldomly is over 10 cents, though.


because if it was the bots can profit off it
4057  Other / Beginners & Help / Re: 4 hours logged in on: January 12, 2013, 06:48:54 AM
Total time logged in: 59 days, 15 hours and 12 minutes. Lips sealed

only beat me by 2 days, 2 hours and 10 mins Sad

Total time logged in: 57 days, 13 hours and 2 minutes.

Total time logged in: 60 days, 14 hours and 30 minutes.

Do I win?.... or lose?
4058  Other / Beginners & Help / Re: Doesn't the fact that this thing was created by someone who can't be .... on: January 12, 2013, 06:47:43 AM
Let me ask you this: what would change regarding your and my use of Bitcoin if it turned out that "Satoshi" was a CS university professor? Or that he was a she? Or a shemale? Or a group of quants? Or employees of the Chinese government? Or former employees of the Chinese or Romanian or Irish Central Bank? Or a retired cryptanalyst and his 30-year old wife, who works for the Federal Reserve?  

Or (since you missed the most obvious which I've already proposed) a Frankenstein's monster of Hitler and Stalin.

You guys are crazy.

It was Ben Bernanke.
4059  Economy / Speculation / Re: The Bitcoin Millionaire Syndrome extreme Bitcoin speculation and Bitcoin Economy on: January 12, 2013, 06:26:07 AM
I have caught the Bitcoin Millionaire Syndrome. I think that some day my few Bitcoins may become worth anywhere from a small fortune to a large fortune. This means that I am much more reluctant to actually spend Bitcoins. Is it possible that this thinking and behavior is common among those who own Bitcoins and is it detrimental to the expansion of the Bitconomy? for a more in depth post look at http://wp.me/p2VF4G-r. Please forgive me for putting this on the wrong board.

Hoarding is limited due to "Time Preference", at times when bitcoins are overbought even the most bullish longterm speculators will find better shortterm returns elsewhere.

http://wiki.mises.org/wiki/Time_preference

Indeed... if my bitcoin holdings become too valuable I have a tendency to buy assets with them.
4060  Economy / Service Announcements / Re: bitfloor needs your help! on: January 12, 2013, 06:23:31 AM
What is this ING deposit? like a online based company has checking accounts?

ING was the second online-only bank after NetBank, at a time when online banking was somewhat in its infancy, and the general idea was that all banks should have buildings and bank branches. By being entirely online, ING was able so save a lot of money, and offer free checking with lots of free features, as well as savings accounts with the highest interest rates in the country. They also for a time allowed you to use any ATM for free, and even reimbursed you the $1.50 ATM cash withdrawal fees many ATMs charge. Another feature was that they bragged about being able to fire their customers. In other words, if you called and complained too much, or had too many overdrafts, they would cancel your account and kindly ask you to go elsewhere. Basically, they advertised themselves as a bank for tech-savvy, responsible types.
They have gone a little bit downhill since, mainly with their savings rates and such, but I still use them as my main bank. Their ING P2P feature allows you to wire money to anyone else for free, which takes 2 to 3 days for external transfers, and instantly between ING customers. Bitfloor allows you to send them money using your ING account for free, but since they don't have an ING account themselves, it takes 3 days.

They are now a subsidiary of Capital One, but other than that they are great.

Also, Bitfloor should get an ING account.
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