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I wanted to spend some bitcoins at overstock but hrmm... Maybe I'll look again later in the week.
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I wish these companies accepting bitcoin would give customers a percentage off when using bitcoin. They are saving fees from their regular payment processors and paypal etc, so why not pass some savings to the customer. Then there would not be this talk of these companies not having a positive impact on bitcoin. I know they are essentially spreading the word, but has anyone bought bitcoin for the first time just to buy from these companies that accept bitcoin?
This is a key reason to buy the rumor, sell the news. You never know how short the peak will be once news like this is out, as we have seen.
Price would have skyrocketed if there was a link on the homepage to accepting BTC with info about it. Then purchasing your first BTC at coinbase with commission to overstock for sales. Overstock should sell the bitcoins for $$$ too  |
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Has anyone figured out why the price goes up on Friday afternoons and Saturdays and goes down on Sundays?
God is angry because you're looking at Bitcoin charts instead of telling him how wonderful he is. |
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You are a stupid person and have missed the point.
I looked through the coinbase faq and apparently you can keep a percentage of the payment back as bitcoins. Does anyone know if overstock is doing any of that are they going for a 100% conversion? |
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And a negative news report on a Chinese state business news channel telling the world about all the people who've lost money through the recent correction. I assume the state news didn't remind people that they were the cause of it.
Lol. What's sad is the only thing really standing in Bitcoin's way is the government. Actually, that's kind of exciting in a choo-choo kinda way. |
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velocity of money (number of times each unit turns over on average during the period in question)
Doesn't this equation assume that all payments are made by exchanging the actual currency (banknotes in the case of dollars, blockchain transaction for BTC)? How does one define V when most dollar payments are made by moving numbers from one bank ledger to another? Wouldn't the same issue arise with BTC? (Sorry for the stupid question, but when BTC are traded at an exchange, is each transaction immediately realized on the blockchain, or are transactions tracked in internal accounts, to be combined and realized at a later time?) V can be read from the blockchain.
Er, sorry again, what is V now for bitcoins? How is it expected to change as PQ increases? It's important to remember that money is just tokens as a claim on resources. Though it is more rightly viewed as just a commodity. Either way, the map is not the territory. It's very easy with economics to view one small part of economic activity and generalize it the the whole when that simply doesn't work well. Money doesn't just go from A to B, it has meaning and what goes from B to A and what A does with it is much more important. This is why government can't just spend a bunch of money and magic us out of a recession. |
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Sorry for the off-topic, but does anyone know a good/cheap/safe way to transfer credit card money to regular bank account money (US)? Or to bitcoins? Trying to help out a friend.
Square or Paypal. They'll take a fee though. |
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As I said before, I am satisfied that the technical part is sound, but I still cannot see how it can succeed economically. I am still trying to understand how the market works (if it does).
For that, you need to understand not Bitcoin but the world of fiat. I suggest looking into the Weimar republic, a lot of graphs that have gone very steep recently, Zimbabwe trillion dollar bills, Cyprus, the works of Ron Paul and F.A.Hayek and friends. |
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Curious, what does the article say why this is bad? I can't make out any argument, just a prolonged statement that it is.
As the website is fond of saying, it's about the meta-context. If you don't see why these things are bad, it probably won't mean much to you. If you can, it explains how the government is creating huge amounts of money and hiding the problem away for someone else to deal with later and actually accelerating the underlying problems (Why are we paying interest on money that nobody is using and where does the money to pay that interest come from anyway? And perhaps more telling, who is it going to?). I went back and read the article since it's been a while and you really can't see where it says why it's bad?  |
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I'll just add that that article is a large part of why I jumped on Bitcoin as soon as I found out about it and understood its fundamentals. Curious, what does the article say why this is bad? I can't make out any argument, just a prolonged statement that it is. Oh and the analogies suck. (The fear mongering too) As the website is fond of saying, it's about the meta-context. If you don't see why these things are bad, it probably won't mean much to you. If you can, it explains how the government is creating huge amounts of money and hiding the problem away for someone else to deal with later and actually accelerating the underlying problems (Why are we paying interest on money that nobody is using and where does the money to pay that interest come from anyway? And perhaps more telling, who is it going to?). |
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I'll just add that that article is a large part of why I jumped on Bitcoin as soon as I found out about it and understood its fundamentals. |
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Choo err, choo  |
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That chart shows the monetary base expansion under TARP and QE1,2,3. The money is used to buy gov't bonds or other financial assets. That is the official claim from the Fed. Either the Fed is lying or the author is an idiot. If the author is correct, the Fed is lying. In this case, the money is probably parked in the banks waiting to cover a massive, anticipated run on bank accounts. Chances are, however, that the author is a moron and the money is simply being injected into the world economy at some unknown rate.
A more libertarian analysis of the phenomenon from three years ago here http://www.samizdata.net/2010/06/money-supply-th/ |
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Speaking of ignore, why can't I see that pretty piss yellow ignore color of yours? Are your posts improving?
No theymos turned off the feature, actually I think I have overtaken at least smoothie by now. He wrote something about it requiring to many server resources or something. It must also apparently take too many server resources for it to scroll down the page to the appropriate post when you click on "new" as it stopped doing that a few days ago. |
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Well, if electricmucus says so, it must be true.
Well in this case it's this slate.com blogger, not me. It basically means that there's a bunch of money out there being held by someone and the government is paying them to hold it. It's not as bad as it just being released into the economy but it is problematic, wrong and a timebomb. |
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Always buy @ tail :  Fractal dinosaurs  |
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do not forget to support overstock! do your part!
Was there much point erasing the "from" without erasing the "to"? Apparently not. Even the precision of the amount would have kinda given it away too |
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do not forget to support overstock! do your part!
Was there much point erasing the "from" without erasing the "to"? |
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k all my friends are official all fait, time to move UP!
lol
It doesnt look like we are going down. So that leaves sideways or up Don't forget backwards or into the 5th dimension... |
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A badly run charity which serves ex-military disabled.
I hear that the Fisher House Foundation may be a better target for donations. |
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