The majority of coins are held by unknown people, who in all probability, are criminals or amoral people of different kind. Like hackers, con-artists, drug dealers, insider trading exchange owners etc. ... at this point the only response to such offensive accusations is ... go fuck yourself! |
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Are there any basic specs for the satellites up anywhere ... just would like to know some basics, dimensions, weight?
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Whats the story with 'four punch raiders'  they switched sides |
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he needs to learn about the subjective theory of value if he thinks that the euro derives ultimate value from ECB "policy" is a hard fact, (besides euro volatility is about to be tested in the extreme) ... that's just pure Keynesian hopium talk (i.e BS). Some kind of behavioural economics psycho-babble.
Monetary economics was a stuffy dead old topic studied by a handful of people until bitcoin came along (3 years ago). Now we get the 'experts' spouting made up nonsense to defend their broken paradigm. And I'm pretty sure that statistically bitcoin volatility is still decreasing as the user base grows.
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After a long fight, I managed to add QR code output and http callback to Jay's libpam-bitid. Now you can use your mobile phone to authenticate a ssh session. It works for sudo as well, and probably anything that can output the QR code into the terminal. It probably wouldn't work for a graphical session manager / screensaver.
I made a youtube video to show how cool it is: https://www.youtube.com/watch?v=U6I4HuzSTM0. this is pretty cool. |
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My ego is bursting.
We know, we know. Tell us again how in your view Vikram Pandit is stupid and ill-informed. wait ... is it because he's a capitalist? |
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Can't help feeling like big dumps incoming.
perhaps see your doctor? or lay off the prune juice. |
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oda.krell: good one.
... when exponential growth is not good enough, there's always ripple, ether and the altcoins.
I noticed that coinbase let out the latest account numbers (2.4 million) up from 600k at beginning 2014, so 4-fold increase in a bad news/price year, not too shabby. On that I'm estimating number base of people who have tried bitcoin is north of 5 million by now ... which puts average bitcoin holding ~ 2.72btc per user or US$576/user which is a lower than it has been (up to $2-3k/user) but not insignificant ... upside based on current users is around $1200/btc.
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His syndicate was just a way for small bidders to bid at the auction. Secondmarket just collected their bids and packaged them into the 2000-3000 BTC lots. Neither he nor SecondMarket placed bids of their own at the auction. They just collected the 1% fee from those bidders who won. Only people winning now with Bitcoin are middle-men  I find that hilarious, because bitcoin was intended to be "money without middle man". if you are dealing drugs, doing ponzi schemes bitcoin is just great, but if you want to do something legally you need a middle man. ring a bell? yes, we are reinventing the wheel and making new crypto banksters. I think the average personage will need to evolve a fair bit more before they grow out of the desire for middlemen. middlemen are collecting the fiat-crypto bridge toll, this can only last until crypto is widespread then the bridge becomes worthless. if you are good enough you do not need to use the middlemen either. |
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bear traps all the way to 2k!
go short now you greedy little bearpigtroll idiots.
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New topic: Wall Street Observer
like I said, they have been here since at least July last year (. Only announce now that positions are established. Kind of juicy irony in the "new level of transparency for bitcoin pricing" comment ... since they have likely been manipulating the crap out of the price for more than 6 months to get in cheap ... idiots who listened to the noise and sodl will haunt them for life.
regarding comment about Coinbase not benefiting directly from bitcoin price ... probably you don't know Fred E. or Brian A.
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Do you really hope to save bitcoin by playing such stupid games?
Nah, I am not quite as deluded as you seem to be about the impact of posting on a forum. I'm just trolling you. Now go back and replay some vague scenario purporting to show that centralization is going to kill bitcoin but we are too self-deceived to understand it. After you get a number of thoughtful replies, proceed to ignore them and do it all over again. And then do that again. You seem to think it's a good use of your time. Ha-ha-ha, this Trolfi fellow is so funny and awesome.  How come I never got a vanity troll? It's not fair! And by "not fair" I actually mean "not a perfectly equal, utility-blind, Pareto-neutral, strictly democratic outcome." (Just like JorgeStolfi.) me too! why can't we all have our own personalised Trolfi ... it's not fair |
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The only thing better than unknown miners is the P2Pool. The P2Pool has scaling problems, and maybe there needs to be many of them. This is an important development to further improve the mining situation. Decentralised (actually highly distributed) pool mining hasn't eventuated yet because there hasn't been a market need for them ... and that, my friends, is the only hard FACT that you need to know about all the FUD surrounding the "mining centralisation" beat-up by the less-than-knowledgeable. |
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Important point from the other thread: A year ago the 12.64M BTC mined were worth US$10.55B. Today, the 13.74B BTC mined are worth less than US$3B.
Not all US$7.5B (that's "B", not "M") were pumped out o the system since not all BTC were in the market traded, but significant amount was sold and fiat withdrawn from the system, which would not be possible without disturbing demand/supply balance. Price going down made some people seriously rich. Almost "B" rich. this is a very important point to remember ... the bitcoin economy has exported a large percentage of its wealth into fiat (and crypto ventures) last year, the question is how much of that will come flowing back into when they realise they will be better treated in bitcoin. The default ltrained-from-birth behaviour of going into fiat to seek security is an irrational pavlovian response ... few more bankster busts, central bank bombshells in the currency wars and bail-ins will be needed to shock the sheeple out of their bad old fiat ways. |
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Bitcoin is the World's Best Performing Currency of the last 6 Years!
indeed. The only that went from 0 to something in 6 years. Infinite valuation It is an interesting question whether bitcoins were ever actually "worthless". Satoshi put time and effort into the creation of the first coins there is no doubt about that. The people who first started sending them around put effort into mining them, CPU resources and IT technical expertise just knowing how to bootstrap the first clients, e.g. Hal Finney. For sure, they weren't worth very much at all but those first guys probably had a basic mental accounting and a kind of altruistic gift valuation when doing the first transactions ("hey send me a couple hundred coins and I'll put a good word in for you on the IRC, check your code, give you tip on the install, etc") ... asymptotically small perhaps but not a zero valuation. So no, no infinite percentage increase. |
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troll weather report : usual hate-filled trollers with general overcast outlook of negative nattering nay-bobs.
however drugs, guns, and terrorist talk drying up.
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very little left to argue with ranting, raving, blustering blowhards .... probably best if you go back in the archives, anything new you might think you have to add has already been covered. Nothing I've seen you raise is novel, hasn't been considered or has merit worth addressing.
E.g: a govt. (or any single agency/institution) cannot successfully create a bitcoin-like crypto since it would fundamentally undermine the needed zero trust structure of the decentralised network. But this is just so obvious it shows you are well out of your depth that you even consider that feasible ... i.e. likely not worth arguing with.
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The government has, can, and always will control money.
wrong on all counts ... smacks a lot of stockholm syndrome also. Counter me instead of making yourself look foolish with a baseless reply. Since when has the u.s. government not been in control of the monetary system? And no pre-industrial philosophical replies either. I'll wait. Your irrational belief that US hegemony will endure in spite of massive trade deficit, threats to petrodollar, and growing inflationary and deflationary pressure, the costs of maintaining a huge military that is increasingly being rendered obsolete by the fast paced changing nature of conflict, suggests an emotional attachment to the same entity that has been feeding you lies in order to enslave and control you in exchange for a few gadgets and a false sense of security that leave you with a gaping hole in your soul which you unsuccessfully try to fill by insulting people on internet forums, which is similar to the feeling of affection that captives sometimes develop for their captors, which might explain why you feel an emotional need to defend the established financial and monetary infrastructure, for however miserable you may be, you are haunted by the terror that the unknown and undefined alternative might just be worse. Yes, the animals in the zoo are generally better fed than those in the wild, but they can be very neurotic, irritable, and aggressive. By the way, you are chronically misusing the word 'shill.' Yadda, yadda, yadda...they put GMO's in our cornflakes and the Boston Marathon was a inside job with paid actors!! You are so erudite, it's almost unbelievable. Sorry. You're still in dillusion. Somehow trying to place my attachment to reality to me being some 'pro government ultra right wing drone' was cute, though. I'll give you that. Then again, trying to get any sort of legitimate counter-argument out of bitcoin shills is like pulling teeth. Actually, extracting molars is probably a lot easier...and a ton more feasible. Keep living your life in the dark room paranoid about how the 'Man' is out to get you, and how your uber secure buttcoin investment will shield you free you from the shackles that bind you from an anarchist happiness on your secluded farm in the middle of Nof*ckingwhereVille. I'm sure your messiah money mined by 18 year old scammers in Yugoslavia will soon become the 'world currency' and every government from here to Siberia will just have to bow down and accept it. 'Lets overthrow dem gubernmints n spend these here data coinz!! Hold on real quick though, I have to use this tainted devils money to buy it first' lolol. wow, you seem really hate-filled and angry. Is it a prerequisite for shilling conformity to the cult of death money? You seem really threatened by outside-the-box thinking and experiments in technologies aimed towards advancing the wealth of humanity. Why is that have you wondered? |
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The government has, can, and always will control money.
wrong on all counts ... smacks a lot of stockholm syndrome also. |
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A major investment bank announcing bitcoin managed fund/ETF and/or custody account product ...
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