She's dead. I gave the single card that was in there to some dudes at the prague hackerspace brmlab in late 2011. They used it for some mining and gsm and other cracking jobs until it died. Met one of the guys at CCC couple weeks ago. Was sad to hear of the cards demise. |
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since it's quite boring here, allow me to post something totally OT (probably): This is an exciting time. Something important is going to happen sometime next month, in February 2014. Nothing can stop it now. There will be an announcement, and the world will change on the date of that announcement. In the beginning, only a few will understand the significance of the announcement, and what it means for all of humanity currently living on this planet. Some will laugh, and some will cry. But in time, the world will come to know that life on Earth changed significantly on that day in February 2014. A mystery that has confused our civilization for thousands of years will find an answer. And from that answer, a new direction for the future growth of our species will arise. No, there will not be Earth changes. No, the ETs will not land. No, the sky will not fall down, and the Earth will not shake. No, President Obama will not reveal...whatever. What will be announced is actually much bigger than all of that. Honest. Yes, I know something that I am not talking about. I am making a statement of fact, not making a prediction. But the reason for the delay is that much is going on right now. If everything was ready, the announcement would happen tomorrow. But things are not quite ready yet. They will be ready in February. We will include news of the announcement on this newsletter. But much will happen on my Facebook page, and there are already updates and energetic discussions going on currently on that Facebook page. I want to encourage all who are interested to visit this page and watch and/or participate. You can friend or follow the page as well so that you keep informed. Here is the link: [https://www.facebook.com/courtney.brown.7568596]( https://www.facebook.com/courtney.brown.7568596) Again, this is an exciting time. The announcement will not be about Earth changes or anything else that would disrupt normal lives. It will be about knew knowledge that will change the way all of humanity thinks of its past, and its present. It will be a moment of profound learning, nothing more, but nothing less. It will mark one of the most important moments in the history of our civilization. Not everyone will agree, but eventually, that is how most people will come to see it. The greatest changes occur on our planet not because physical things happen, but because new knowledge enters into our consciousness. Some new knowledge is so big, it fills the horizon and changes nearly everything. Courtney Brown, Ph.D., Director The Farsight Institute ...and people say bitcoiners are nutjobs... EDIT: for some context: the farsight institute is trying to use some very strange scientific methods and military-trained people that can somehow see one of several possible futures. Well, it's been a while since I read it. About the most strange stuff I've ever read. |
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What we call this ‘market’ really is interesting. For reference: I have a small mining operation, I purchased for a cold wallet in Sept at 122, and I day trade on BTC-e.
What we are trading, and holding, is the reward paid to the miners for creating and maintaining the blockchain. (BTW, in my books, holding is a form of speculation.) We do not buy, nor earn, anything like a share of bitcoin. We buy and trade what the miner sold to pay his bills or to profit from.
There is a whale of a lot of comment about this mining reward becoming the dominant currency of some future world. I cannot believe that, for many reasons.
What I can believe is that XBT will be used for quick, cheap, money transfer; that the blockchain can, and likely will, be used for permanent record keeping; and that the idea behind bitcoin will allow some bright people to create some never before thought of – highly useful – applications that will revolutionize monetary practices.
Some merchants will embrace XBT with good reason. Others will not see a use for it. Some governments will ignore XBT; others will see it as a threat to their monopoly and restrict it. Bankers will not care. Central banks will not care. Big businesses will not care (they rely on banks for funding and the price of such is built into the product).
If there aren’t significant developments, applications that depend on the blockchain (and hence the miners), say in the next 12 months, then XBT will likely be viewed as a fad. These significant developments need to be something that will rock the world much like the internet did. Then the price of XBT will match the needs of the most efficient miners who will keep the blockchain intact.
Until then, we play footsie with the price of the miner’s efforts.
/end Saturday boredom thoughts
I disagree. Even if Bitcoin is just used as the scarce digital commodity money it is right now and no further innovation in use of blockchain occurs, I still see an increasing need/use for it. Even if that innovation occurs in other technologies like ethereum, I still see bitcoin as the primary store of wealth in the crypto world for a long time. All the alts trade against it and it gets most of the visibility. Add to that the fact that crypto in general is superior in features to anything we have so far (gold, fiat, airmiles,...) and you have a winner: XBT. (not saying it's a given. Shit can happen. But it's looking good from my perspective) |
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We ship from Germany
Are coins in mint condition? Do they include capsule? Capsule: no, mint condition: yes, I guess: we don't touch the coins. We put them into little plastic bags right from the roll we received from Mike using gloves. |
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I made my first purchase of gold and silver recently. With crypto earnings, lol. Got a good price just before it went up a bit. My question to you all is how likely do you think it is that gold will go to 1000 or 800? I want to pickup some more but at cheap prices...
I have nothing substantial, but I have the feeling that the time is now and I'll pick up some more gold next week. That fiat needs to leave the bank. |
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Calling thezerg (wasn't that a name from star craft? I played it about 15 years ago )
It's time for a reality check at this historic junction the silverbox update.
this one : http://starcraft.wikia.com/wiki/Zerg?I remember this one my Pentium MX lol Is the word Pentium becoming outdated already? Felt weird typing that. Can one mine with a voodoo graphics card? |
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So, what's the consensus in this thread on diversification?
I think almost everyone here would agree that diversification is good. Noone says crypto is risk-free. What people disagree on is the ratios. I've always subscribed to the idea that diversification is for people who don't know what they are doing (to put it politely). I've got myself so deep in BTC that I'm not even paying attention to the rest of the world, because I can't even imagine anything else with as much promise.
Much promise? Yes, certainly. Much security? Doubtful. Thinking one knows the future seems arrogant. If you're young and don't have much wealth and nothing to lose, it can make sense to go 100% bitcoin, but for everyone else it's probably too risky still. Maybe I'm doing it right (seems to be working pretty fucking awesome so far), but would like to at least look at some other things...
Yes, maybe you're doing it right. People that have a lot of wealth have an easy time suggesting diversification. In my mind, if you are low on wealth, having the balls to hold on to the crypto you have for as long as it takes for it to appreciate enough to make diversification reasonable is the way to go. Certainly would've worked for me and I regret (well, not really, it was the correct decision at the time) putting much more into gold/silver than into crypto back in '11. But in the end: who knows how things will develop... we'll have to suffer the consequences of our actions, that much is certain. |
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Give it a little while, if you're lax in your "rebalencing", you too many end up with 85% cryptos!  Haha, this made my day. Probably true, too. |
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No, under 40 here.
I'm a bit surprised - you don't believe in the manipulation being stopped soon, Comex empty, etc? Just curious - why not?
You did not ask me, but I want to answer. I would assume you are 25ish and very new to investing in Gold. Saw some gold bug forums and some youtube videos. Gold has been like this for a long time. Gold in its history has almost always been heavily manipulated and sometimes even banned. This manipulation could go on for another 100 years but with almost no effort 5 to 10 years. One has to admit that the gold-bug propaganda ("the west is running out of physical, when that happens, the game is over and gold multiplies in value") is getting more convincing as of late, though. I considered it a general confirmation of that theory when germany was basically told to fuck off when they asked for some of their gold back. If that doesn't prove the lack of gold in the US, what does? Add to that the recent leaving of the London gold fix by Deutsche Bank and the affirmation by Bafin (german banking/finance oversight authority) that gold price manipulation is a reality and is "worse than the libor manipulation". The exposing of the gold manipulation also seems to go more mainstream these days. I think it's indeed possible the "jig is up" soon and I wouldn't be surprised. On the other hand I agree with Goat: gold-bugs have been saying that this system will fail "very soon" for quite a long time now and it's certainly conceivable "the operators" might drag this thing down the road for quite a bit longer. These dudes are smart and have means at their disposal. I agree ignoring crypto is likely very stupid. It's still probably a one in a lifetime chance for most people. |
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I do say, however, that you definitely need a much higher percentage of gold than percentage of BTC in your portfolio atm.
Nothing in my calculations points that way (for people with less than $50M net worth). Care to share yours? I believe the PM manipulation will break fairly soon and (physical) PMs will multiply in price. Also, their prices are around production value already and it seems like even the the most fierce manipulation can't press them much lower anymore - so downside risk seems very limited. BTC, on the other hand, in my book has huge potential, but huge risk as well. Bottom line: Price/Reward ratio (or whatever is the correct English term) is a lot better for PMs. Conclusion: Lots of PMs, and some BTC is the way to go. hmm.. Let me guess.. you're probably quite a bit over 40 years of age? David Morgan suggests the older you are the more you should be in gold as opposed to silver. Replace "gold" with "precious metal" and "silver" with "crypto" and I can agree. |
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das tut er wirklich... und dank dem interview ist jetzt auch klar, warum: Ich habe Anfang 2012 einige Hunderttausend US-Dollar in Bitcoin investiert
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So will it be easily possible to build derivatives on this ETF (options, futures,...)?
How likely is that to happen?
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what's the implementation status of trezor support in other wallets? I'm guessing multibit is still going to be implementing support? Don't get me wrong: it's great you guys have been making a web-based wallet, but in the long run, this is not the perfect solution due to privacy concerns, right? |
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20,000 bars for all the bitcoins?
no, I want 20,000 for the my last bitcoin alone ;-) |
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Napster is one of the inspirations Satoshi Nakamoto drew upon in the formulation of the Bitcoin solution to the Byzantine General's problem.
In what way? Do you have a link to that? EDIT: fixed misquote |
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Anyone think Au appreciation will ever at any point outpace Bitcoin appreciation? I'm still trying to figure out if their rate ofs future % gains will ever converge or if Bitcoin will just continue moving up and away
I'm thinking the same thing, maybe diversify a little bit into Gold now, but how? Is it even safe to buy gold funds if there is next to no gold left? Are you kidding? Of course it's not safe. How about just buying physical? |
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Nobody asks for delivery....
...and returns with gold. |
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Napster is a good analogy.
Until it hopefully breaks down. Uh, well. Maybe it wont break and ethereum is gnutella somehow? |
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But nevertheless, some shifting from gold into BTC could boost the price.
This has most likely already happened to some extent. A lot of the goldbugs "woke up" to Bitcoin last year. Not sure how many of them actually had the balls to put in so much that it required them to sell metal, though, but it's quite possible it was a few of them considering the metal markets hadn't been as much fun as they used to. Selling some gold to buy Bitcoin... *raises his hand* You are not alone: https://www.youtube.com/watch?v=WMilJzD3pL0#t=1282 (listen for 60 seconds or so). "Family offices" are moving some of their gold portfolio into Bitcoin. |
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It's rather interesting to see that >80% of the posts here discuss IPO and mining and very few posts discuss the interesting aspects like the scripting language or transaction logic, privacy, etc... Greed! Guys, this coin is not especially useful for getting rich quick and I predict you will have all the time in the world to buy/mine it if you want in the years after launch because of the linear inflation. There will be no halving of the reward, inflation in relative terms only goes down due to the increasing supply. This means miners in year 1 will get the same amount of coin as miners in year 20. This coin is innovative technically and founders have chosen not to make early adopters extremely rich in the long run. Since this (early adopter unfairness) is often cited as a drawback of Bitcoin (envy) by newcomers and some economists, I think this could turn out to be a good decision... Interest in the coin seems to be high enough to get it going without exorbitant promise to early investors. Well, let there be competition  |
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