And what would you deem the optimal bid wall price to be?
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Chance is a really weird way of saying something has a cause. "It was caused by chance." Just because you don't see a causal mechanism behind something doesn't mean there isn't one. Chance/probability is abides by its own syntax. And just because this syntax seems to conflict with typical causality, it doesn't mean it isn't still causal. Technical analysis takes into account statistical data in order to form a conclusion within a certain degree of probability. I don't think the comparison to ghosts is a fair one (you also seem to have the a priori assumption 'ghosts' do not exist or that your definition of 'ghost' is the same as others').
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Its been pretty stable for over a month now, sitting around 10 to 11 bux even during the weekend down time. Now its pretty quickly dropped to 8 bux a coin. So how low we going this time. I bought a bunch when it hit 9 today, now wish I would have waited of course. Problem is, if bitcoin keeps freaking going from 11 to 7, to 12, to 8 back and forth its just making it harder and harder for there to be a strong bitcoin economy. Sellers are not going to want to sell products and services for something that changes its value so dramatically and so quickly. We need to fix that somehow, it has to stabilize even if its at 5 bux a coin, it just has to be stable withing a dollar for there to ever be any future economy for bitcoin, or at least thats how I feel.
There is no such thing as a Bitcoin future. Too many weaknesses and if you will look at SolidCoin without funneling it through the fact that you may be vested in Bitcoin, you will clearly see it is superior in many ways. If you will look at Bitcoin without funneling it through the fact that you may be vested in Solidcoin, you will clearly see it is superior in many ways. Primarily, because it's already larger and more widely accepted. When it comes to a currency, a larger economy determines superiority. Whether or not the theory is better doesn't really matter yet. Bartering/swapping is the best means of exchange in theory but nobody uses it without considering a product value pegged to some other corrency. How superior would people claim bartering is?
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Interesting how this guy is new, and yet is selling his house and everything within for BTC..
I would be more careful if I were you..
Yeh. I made a comment about it on another thread. This guy admitted to criminal damage to public property, initially refused to do any sort of escrow and refused to write his name on a sheet of paper because his "handwriting" could get him into legal trouble or some bullshit. And yes, he's selling literally everything he owns. I smelled scam to begin with, but dalambchops said he had a successful transaction with him. Make this dude send first. Only send BTC when product is received. Period. I offered to do Escrow but wouldn't do it. He had to have it that day in order to ship the next day. I hope he really does ship those people and mine already.. I hope he sends to you, too!
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ThyDude. You sound like the suckiest businessman ever.
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Interesting how this guy is new, and yet is selling his house and everything within for BTC..
I would be more careful if I were you..
Yeh. I made a comment about it on another thread. This guy admitted to criminal damage to public property, initially refused to do any sort of escrow and refused to write his name on a sheet of paper because his "handwriting" could get him into legal trouble or some bullshit. And yes, he's selling literally everything he owns. I smelled scam to begin with, but dalambchops said he had a successful transaction with him. Make this dude send first. Only send BTC when product is received. Period.
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Know what happens if it's your coin that happens to decay? Your computer explodes and you die. You fucking die.
I don't think this is a practical idea, it would require expensive and dangerous custom hardware. How about it just deletes some of your data instead? Other than the part about fucking dying this is a great idea. You should release it soon. I'll put a 5830 on it right away. Haha sure. Amendments are welcome. Data loss could be nice. But, the incentive must be strong enough for people to convince others to join, no matter what the cost. If the whole world adopts it, nobody has to worry about the half-life. But if you're one of only 10 people with a Radioactive Coin, and your life is on the line, I bet you'd go to some pretty crazy lengths to promote it
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This is not the "Stupid Jokes" Forum. Funny, I think the same thing when I see all these other cryptocurrencies. At least mine has a built-in mechanism to spur the economy out of fundamental necessity.
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Hey guys! Hey guys! I got one!
New digital super-currency. Everyone who downloads the RadioActive Coin client gets precisely 1 RadioActive Coin (this is OK, though, because it's divisible to 398 billion digits). The only exception is me, who gets 10,000 RadioActive coins. Each coin has a half-life code built into it that's proportional to the total number of RadioActive Coins. If 1 and only 1 person has a coin, there's a 10 minute half-life. If 2 people and only 2 people have a coin, there's a 20 minute half-life. 3; 30-minute, 4; 40-minute, etc. The RadioActive Coins decay randomly according to the current half-life rate. My 10,000 coins have no half-life rate cause I'm the ingenious mofo who created this.
Know what happens if it's your coin that happens to decay? Your computer explodes and you die. You fucking die.
For your sake, Better hope this catches on quick!!!!
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Because, you sell say a computer for 30 bitcoins. That laptop cost you 200 bux lets say to build, and you sold it for 300 dollars worth of bitcoins worth 13 dollars a coin at the time. That works out fine, but then next month bitcoins are worth 5 bux a coin, you now lost money on that laptop. Its great that you can adjust the price of your next selling computer to be more bitcoins because there only worth 4 bux each now, but every sale before that you now lost a lot of money on. Thats not good business, it can work in the reverse though, which is what I think many sellers are hoping for, the sell item, service for something worth 10 bux now, and that same item is worth 40 bux each in the future.
Or, you have something like Bit-pay that automatically converts your BTC payment into USD for the merchant. No need to worry about market volatility at that point.
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wtf. lol. Those solutions don't solve the problem at all.
Um...yes they do? Dude, Bitcoin, or any currency, has problems in GENERAL...Linden dollars are fucking stupid and yet look? A market for them! Unlike Linden dollars, you can actually buy real shit with Bitcoin. It's easier than a credit card, no sensitive info required, it's fun and novel (this is important), it's deflationary (also extremely important), and as such it's a worthwhile investment (also a low-risk investment if you know what you're dong). Geez, the price drops $2 and you flip out. You're making the false assumption that Bitcoin's value is significantly correlated with its success, especially during its infancy.
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It's not going to work. It's easy to prove. The vendors that supply the merchandise don't accept bitcoin. The circle of life is incomplete.
Um bit-pay? Bit-pay = cash...retailers accept cash.
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no offense, but bitcoindeals isn't amazing. It's a damn e-tailer. We have a billion e-tailers online and I'd rather use cash because cash is more stable. The only way bitcoindeals will have any impact is if cash becomes more unstable than bitcoin. However, it's nice to have a btc e-tailer available because shit can hit the fan at any time.
Again, you won't be able to trade bitcoins for goods at a better value than cash until the whole world, including banks, adopts bitcoins as a valid currency
All you need is goods at the SAME value with more convenience -- do the same errands you would normally do, have the items shipped to your door, no credit card info required. There is a convenience in having all your funds visible in you wallet; no checking online bank accounts, just send BTC, enter address, and it's shipped. The security on the exchanges is more important. If people have their BTC/USD insured on exchanges, then it's a simple investment. That's where the deflationary aspect comes in. Insured --> more investors --> deflation --> increase of value on your investment. Bitcoindeals is for the liquidity.
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BITCOINS WILL NEVER DIE. NEVER NEVER NEVER Even if SHA-256 gets cracked (via quantum computing) the blockchain can and will be upgraded... Now, Bitcoins price can crash at any moment . I am glad that bitcoin will survive. It's a fantastic idea. But, I also don't want the money I put into it to have less purchasing power over time. I sold at 11. I have more purchasing power. I day trade until it falls. Then I speculate (unless its very volatile). I don't see any huge upswing in value until exchanges provide insurance to users and until sites like bitcoindeals really get off the ground.
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BUMP TO THE TOP
This could be the end.
In my opinion, there is far less reason to think this is the end compared to the previous drop to the $5 range. New huge online sites (Bitcoindeals.com), ATMs, etc. give the future of Bitcoin a good support system. Watch if it hits $5 again, and see everyone buy it all back up.
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I agree with everything you said, Bruce, except I disagree completely about where the 'REAL magic" happened. In my opinion, and I assume in the opinions of many of those who did not attend the conference, the real magic didn't happen at all.
I would agree that there is something to be said for the utility of those conversations that were had amongst those at the convention, particularly among those who were (I hope) discussing real plans for forward movement. However, the real magic that WE as the miners, sellers, and consumers who did not attend the conference wanted to see did not happen.
The magic we wanted to see was an explosion of media hype. We wanted all those amazing conversations converted into newspaper headlines. Why? Because the media has consistently gotten Bitcoin wrong. It has misunderstood the program, the theory, the consumers, the merchants (omg omg omg illegal drugs everywhere!!!) and because of this, we wanted our collective voice heard. We wanted investors to have a reason to get involved with Bitcoin.
Of course, it was beneficial for the Bitcoin Big Dogs to be there for each other for support and for communication about the future of Bitcoin. But I have a feeling that most of that was just "feel good" talk...talk that reassured you that you all weren't wasting your time or crazy (don't get me wrong, I'd feel that some REAL magic happened if I got to interview that chick from Bit-pay, too). The most common reason businesses or presidential candidates succeed is because they are known, and they are known through the media.
Beyond the hype, the ideas and theories supporting the businesses or candidates barely even matter...they are secondary. Because of this, Bitcoin must also be known through the media, and on a large scale. Otherwise, you end up with Ross Perot -- a guy with really amazing ideas and a common sense approach, but nobody will ever give a shit.
By the way, I love your commitment and your show. And, I want you to enjoy your conference high. Just please come down from it sometime and realize how important the media coverage really is.
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Dude, mc_lovin, honestly, your avatar cracks me up.
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Flexcoin stuff looks good! I'll tell ya what, if you get over 1 BTC in donations, I will donate as well.
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nevermind then. proceed. thank you, dalambchops
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