and for a different kind of post. micon, your bitcoin address please, i'll send you some btc for a job well done.  Please don't feed the trolls. |
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Hmmm... was looking for CES updates, but I'll I see is 10 pages of BS about Butterfly Labs. I am disappoint.
You should know better, I mean, isn't it obvious that this was going to happen? It wasn't obvious until Micon showed up. Don't get me wrong, nobody will be getting preorder money for ASICs from me, and I'm just as skeptical of BFL. However, Micon just stirs up too much shit. |
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Logically the merchants should be thinking in the same way, and pricing their products in Bitcoins with a substantial discount compared to the fiat price.
Not only do they save on creditcard fees, but they also receive Bitcoins directly without having to touch any fiat.
The market should automatically adjust the price of things in Bitcoins to take into account the attractiveness of holding bitcoins over fiat.
So people who hold bitcoins can expect their bitcoins to be worth more, and also to be able to get things cheaper than everyone else.
Right it might be cheaper to accept bitcoins, like bitpay at 1%, but its also like 6% to change the currency to usd. BitPay charges way less than 6% to convert to USD. Sorry, I wasn't clear I guess, not 6% by bitpay, but for other exchanges. Not all transactions are via bitpay. Edit: I just checked bitpays stats out, 1% transaction + 2.69 to cash to bank. 3.69% is a huge percentage. It might not seem like a lot, but if you do $100,000 with normal processors at 1.9% you're paying $1900 in fees, bitpay is $3,690 in fees. Which isn't completely terrible, just stating lowering prices just because accepted in bitcoin isn't logical. It is 2.69% for USD payout or 0.99% for BTC payout https://bitpay.com/pricing. Yep. I can confirm they only charge 2.69%. Wouldn't it be .5 to .6% to sell on an exchange and then a flat bank wire fee or .25c dwolla xfer? Sure, if you are willing to do business with MtGox. In my experience their lack of customer service and expediency make it worth the extra couple percent to use bitpay. With bitpay, the funds are in my bank account the next day. Also, even if MtGox was always timely with dwolla transfers, I would still have to wait 3 days to transfer from dwolla to my bank. |
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Hmmm... was looking for CES updates, but I'll I see is 10 pages of BS about Butterfly Labs. I am disappoint.
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Logically the merchants should be thinking in the same way, and pricing their products in Bitcoins with a substantial discount compared to the fiat price.
Not only do they save on creditcard fees, but they also receive Bitcoins directly without having to touch any fiat.
The market should automatically adjust the price of things in Bitcoins to take into account the attractiveness of holding bitcoins over fiat.
So people who hold bitcoins can expect their bitcoins to be worth more, and also to be able to get things cheaper than everyone else.
Right it might be cheaper to accept bitcoins, like bitpay at 1%, but its also like 6% to change the currency to usd. BitPay charges way less than 6% to convert to USD. Sorry, I wasn't clear I guess, not 6% by bitpay, but for other exchanges. Not all transactions are via bitpay. Edit: I just checked bitpays stats out, 1% transaction + 2.69 to cash to bank. 3.69% is a huge percentage. It might not seem like a lot, but if you do $100,000 with normal processors at 1.9% you're paying $1900 in fees, bitpay is $3,690 in fees. Which isn't completely terrible, just stating lowering prices just because accepted in bitcoin isn't logical. It is 2.69% for USD payout or 0.99% for BTC payout https://bitpay.com/pricing. Yep. I can confirm they only charge 2.69%. |
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Do you know anyone investing in Tulip Bulbs expecting a return in yield?
(Rhetorical, of course.)
Again - the definition is "price returns to the start of the move or collapses to zero". Since it didn't collapse all the way to zero, you're free to buy all the Tulip Bulbs you'd like - but you'd be a complete fool expecting any return from your investment.
Where are you getting that lame definition? The wikipedia page[1] on an economic bubble has this to say: "trade in high volumes at prices that are considerably at variance with intrinsic values". In other words, when the market becomes irrational, in either direction. 1. http://en.wikipedia.org/wiki/Economic_bubbleYou know, I'm just trying to help you out here. Go ahead, call 5% fluctuations "bubbles" all you want. My alias wasn't chosen at random, I know what I'm talking about. Won't be me looking like a fool... You're right about the 5% thing, I meant it in the context of a very short time frame, but I did not make that clear. I'll still stick with the Wikipedia definition though, and not your bullshit about going to zero. |
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Century ago there was no medical testing and understanding about immune system as it is now.
Spanish influence or whatever the epidemic in 1918 was called was caused by relatively weak virus and many fatalities were from overreacting immune system. Also century ago the food was not available, many workers and children were starving. This weakens immune system and there were many cases of infection and death from tuberculosis, pneumonia and such things that are curable by antibiotics today.
My grandma was born in 1918 and she used to tell horror stories she heard as a child. And every time I had the flu, she would look at me as I wasn't gonna make it. You Americans has too laxed an attitude towards antibiotics. It takes around 5 months before your immune system is up to speed after an antibiotics cure. You also have the added benefit of several resistant strains in the wild. Antibiotics used in farming also has the same effect on the general population. Since the 1970'ies Europe has been increasingly restrictive administering antibiotics from general practices. The broard spectered effective antibiotics are only used on hospitialized patients, if their prognosis is life threatening. Likewise vets are thightly controlled and if they administer antibiotics for growth purposes, they loose their license. The difference in Europe, is pehaps a less powerfull drug lobby. TB very seldom occur among our homeless. The immune system can be brought back to full strength much quicker if proper steps are taken, but resistance is certainly an issue. The immune system damage is mostly caused by elimination of useful bacteria, and these can be replenished by eating live foods and/or taking a probiotic following your course of antibiotics. |
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Is it just me, or is it really looks like smaller version of May 2011 to Mar 2012?   it looks nothing like the bubble. We just sat in a stable plateau period that lasted half as long as the entire original bubble runup. Nor does the runup match graphs of other bubbles. Your fears are causing you to find a similarity where none exists. Note, I'm not saying we won't go down. But even if we dropped off a cliff tomorrow (which I think unlikely) the graph STILL would not match that of a bubble. Every time a price rises then falls does not make a "bubble". Every time the price goes exponential and then falls more than 5% is a bubble. There was an echo bubble, but you are right that it is recovering much better this time because speculative bubbles can't harm a market with sound fundamentals other than in the short term. Right. So where's the exponential? And not sure where you got that 5% number but I don't think many investors would call a 5% dip a bubble. Maybe 50%... but 75-90% for sure. Where are you getting that lame definition? The wikipedia page[1] on an economic bubble has this to say: "trade in high volumes at prices that are considerably at variance with intrinsic values". In other words, when the market becomes irrational, in either direction. 1. http://en.wikipedia.org/wiki/Economic_bubbleThis definition unfortunately refers to "intrinsic values" that can only be know after the event (if ever). BTW I don't like the other definition either. But very simply, if there were a bubble one effect would be that people would have been spending their xmas and ny vacations trying to GET bitcoins. Bubble fever. Instead we saw low volumes as people did rational things during the vacation (like take time off). I'm referring to the behavior in August, not this recent rise (yet). Yes, intrinsic values are fuzzy, which is why I summarized it as "when the market becomes irrational". |
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I see that there was some nice synchronicity between one of the Bitcoin birthday pics that I posted here on the 3rd Jan & the BitLotto result for the 4th Jan where I had recommended the Pirate Pool this month. Bitcoin's horoscopes for Thursday January 10, 2013Rural roads are often littered with the corpses of poor unfortunate creatures that have been mowed down by the passing traffic. This is not because a succession of vindictive motorists have made a special effort to seek out and destroy the local wildlife. It is, at least sometimes, because those animals freeze in terror. They don't know or understand how to get out of danger's way. A part of you now foresees problematic potential in a series of imminent events. But you don't have to just stand there and let them happen. Are you short Otoh?  |
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Awesome!
Where can I get my free tulips?
Do you know anyone investing in Tulip Bulbs expecting a return in yield? (Rhetorical, of course.)Again - the definition is "price returns to the start of the move or collapses to zero". Since it didn't collapse all the way to zero, you're free to buy all the Tulip Bulbs you'd like - but you'd be a complete fool expecting any return from your investment. Where are you getting that lame definition? The wikipedia page[1] on an economic bubble has this to say: "trade in high volumes at prices that are considerably at variance with intrinsic values". In other words, when the market becomes irrational, in either direction. 1. http://en.wikipedia.org/wiki/Economic_bubble |
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one of the fun things you can try to do is to look at random-walk charts (generated by a very simple random walk function) and real world charts. i can assure you, experienced traders will almost instantly tell you which ones are real and which ones are only random.
Not if I measure the probability distribution of both the magnitude and frequency domain and make my random walk match it. It'll be still essentially random but I am willing to bet you guys couldn't tell the difference. Now how do you suggest we test that hypothesis? Generate some graphs and get some real graphs. See who can tell the difference. |
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Every time the price goes exponential and then falls more than 5% is a bubble. There was an echo bubble, but you are right that it is recovering much better this time because speculative bubbles can't harm a market with sound fundamentals other than in the short term.
I know I keep trying, but honestly - people really need to lay of the "bubble" term. A true bubble is when the price falls to the inception or zero. A large market fluctuation is not a bubble. The best chance of that occurring was when we spiked on the massive highs past 30. Since we did NOT go down to the starting price level of that massive move - it isn't a "bubble". The past fluctuation courtesy of Mr. Arr-Matey-Scamerson wasn't a "bubble". We're above the price inception of that fluctuation. Was it a liquidation event? Most certainly, but the market recovered. Bubbles don't recover. If they did, we'd still be investing in Tulip Bulbs. I'll keep repeating myself, eventually it will stick.  (Futures markets have blowoff moves that follow an exponential curve - they aren't a "bubble" either. If they were, then silver would be at zero, to pick an example.)
Awesome! Where can I get my free tulips? |
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Since there's now a "Flu Virus Outbreak" on the nightly news, what would it take to artificially introduce a new influenza strain that becomes a US pandemic?
Assume a new flu virus has been created already in a lab somewhere (skip the biology).
Also, who would benefit? Obama-care advocates? Wealthy plutocrats? North Korea?
(I'm just throwing out some bad ideas.)
Rural America would be fine, it's the cities that would be depopulated. |
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Is it just me, or is it really looks like smaller version of May 2011 to Mar 2012? it looks nothing like the bubble. We just sat in a stable plateau period that lasted half as long as the entire original bubble runup. Nor does the runup match graphs of other bubbles. Your fears are causing you to find a similarity where none exists. Note, I'm not saying we won't go down. But even if we dropped off a cliff tomorrow (which I think unlikely) the graph STILL would not match that of a bubble. Every time a price rises then falls does not make a "bubble". Every time the price goes exponential and then falls more than 5% is a bubble. There was an echo bubble, but you are right that it is recovering much better this time because speculative bubbles can't harm a market with sound fundamentals other than in the short term. |
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Nothing I wasn't used to seeing... until he shot out over his neighbors' houses. He cleverly recharges.  After adding the gunpowder, he throws cow manure and press a long metal rod. Showing everyone what he wants to do. As if the hints. And it's no longer a secret. though.  lolwut |
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I mean the find_by vulnerability is only exploitable if you know the HMAC key for the application that should be kept secret.
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Right, once we reach the 1 trillion unspent transactions in a decade or 3. And all advances in storage technology will stop from today forward.
Looks you are completely theoretical, while I'm practical. With your optimism paypal can run their processing on raspberry PI 1 trillion? And PC will survive? LOL. No, you're being theoretical too. There is currently no problem, and you are imagining usage levels that will take decades to arrive. I'm being much more practical than you about adoption rate, yet somehow I'm more bullish . |
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But I imagine if SSD becomes necessary (it isn't even close now) that is what people will recommend.
That is what i said. Regular user will expirence difficulties, including HW incompatibility to run bitcoin. At least vanilla bitcoin. All other - empty bubble talk. Right, once we reach the 1 trillion unspent transactions in a decade or 3. And all advances in storage technology will stop from today forward. |
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