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Those would both be liabilities anyway.
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Yes, that is because an 'investment' in the economy money is the same as an 'General Investment' in the entire economy. Think of it as a weighted basket investment in every venture in the entire economy... That is what money is.
I was thinking this same thing today. In the Bitcoin future what to invest in when you have no special investing insight will be beyond obvious. Just hold the general equity unit: Bitcoin. |
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Buying below market rate is awesome if you can do it, good luck.
If you want to pay market plus a fee you could try coinpal.ndrix.com.
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I've seen ads on Silkroad for 10 "anonymised" bitcoins for around 10.6 BTC.
I know bitcoin isn't quite as anonymous as many of us would like, but if it's really this far off, we have a major fungibility problem.
Discuss.
Also, hi, been watching this forum for a while but haven't posted previously.
There are free ways to get different coins, so I don't know who's paying that. Would you say dollars are not fungible because you might bleed on them or leave other evidence and want to switch them for different bills? |
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i would also ask those of you PM bulls above, have u bought any btc's yet thru the client or transacted in any way with btc? have u sent or received? do not make any judgments until u do. once u do, you will be amazed at what u just did in moving money around and how easy it was w/o paying any fees. u cannot do that with PM's.
I know! I love gold, but damn, you can put $1M on a flash drive with bitcoin. Or send $20 to your sister. It's freaking useful. |
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Just a random observation which may not mean anything. I was looking at the Market Cap values over at http://bitcoinwatch.com/ and doing some quick conversions. I found that EUR, PLN and GBP all worked out to a market cap of ~$14 million USD, and the PLN market cap is ~$17 million USD, while (at the time of the posting) the USD market cap is ~$16 million. Is there a reason why the EUR, PLN and GBP exchange rates would tend to move in sync, separately from the USD rate, while the PLN exchange rate would tend to correspond more closely to USD? (I haven't confirmed that this is a trend yet and not just a coincidence.) Doesn't this all just have to do with the ease of the arbitrage? Which has to do with the sites and methods available to bitcoiners who use those currencies, not the currencies themselves necessarily. |
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Q. How do we prevent bad people from using the vigilante group to harass good people?
A. We can't.
I'm going to start a pool to expose people who misuse the vigilante group.  |
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If you want to capture those amazing returns, you have to have an exit strategy.
What does one exit into? Already overvalued precious metals? Inflationary fiat currencies? I plan to ease into yachts and mansions. |
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I have a solution for you; go to https://www.instawallet.org/and enjoy bitcoin  Couldn't be easier then post your address here and I'll instawallet you the .27btc I was using to try it out myself Thanks but I am not willing to try something new until I get these other issues resolved. If I can't get them resolved them I don't think I'll continue... frankly I am beginning to wonder if it's just a well orchestrated scam... and trust me, I WANTED to believe, I really did. I looked up the whois for mybitcoin and sent an email to that address. We'll see how it goes. Are you getting help in the technical board? Getting your client working will make you feel better. A bad experience with a bank wouldn't run you off of the dollar, it's separate things. And everything is still pretty new, merchants and services have a lot of room to improve. That means you can steal their market share easily! I hope you get it worked out. |
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The important part of your bitcoin client is the wallet.dat file. Make a backup of that file regularly. (Or, at least, every time you generate a new address.)
You don't need to backup with every new address. There is a pool of 100 that are made before you need them so a backup will be good until you make 100 new addresses. This was not always the case. |
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the common way of calculating market cap underestimates the true size. Why? Because it is already known that 21 million coins will be issued and the expectation of the market out over the next few years is that there will be at least several more million in circulation than issued thus far. So conservatively, the market has already priced in total coin issuance to at least Jan 2013, i.e. 10.5 million coins.
Using current exchange rates BTC 1 = U$ 2.5 then current market cap is at least around U$25 million already.
No idea why you chose 10.5 million coins. Those coins don't exist, they aren't "priced in". If you think I'm wrong, at least try to explain why you chose that number instead of 21 million or whatever. They are definitely priced in to some extent. Imagine what would happen if we all looked into the code and noticed that there will actually be 121M coins eventually. If that would change the current price (and it would) then future coins are influencing current prices. Otoh, it all 21M were released today it would also have an effect. So it isn't as if all coins are essentially being considered available, but they are factored in somehow. |
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Lol, those are definitely not all factored into the price. Most of them don't factor into reality. I especially enjoyed 5 and 8.
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Can someone tell me how BTC is going to the moon when it is still relatively difficult to acquire in the first place? I imagine there are a lot of people who think Bitcoin is really cool but don't get involved much past playing around with the small amount of BTC from the Bitcoin Faucet. Given the difficulty of acquiring BTC, I think the fact that BTC made it to almost $2 is amazing in the first place.
How easy is it to acquire gold? How easy is it to acquire a Credit Default Obligation? How easy is it to acquire yellowcake uranium? Do you mean Credit Default Swap, or Collateralized Debt Obligation? Surprisingly easy actually if you mean the first. Can I get some with $20 on PP? |
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Are there any immediate plans to lower the minimum fee-free transaction and minimum transaction fee, now that the valuation of 1 BTC has risen well above that of 2 USD? This is starting to look like a priority---I'd consider it urgent once we pass 5 USD, and actually I'd like to see it lowered by two orders of magnitude rather than one.
There seems to be general agreement that the 0.01 limit must be lowered. "When?" and "To what?" remain open questions. Now, to a mil. |
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So so good, watching it a third time now. Where do we ship the coins?
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Yeah, I mean not likely, but still.
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So if Bitcoins are worthless but still movable this is good for put buyer. But if they are worthless because they are stuck the put is worthless. Is this right?
What did you mean by this? AFAIK even in stocks if the company goes bankrupt the holder of the put can still exercise the option. Maybe I'm off, or maybe there are different kinds. I assumed this deal implied that Sun wanted the right to sell bitcoins to the issuers of the put for $2 each. Doesn't he have to be able to deliver coins for that? I suppose it could be done synthetically. Like just pay the difference of $2 and the Mtgox price at expiry, but that would involve specifying a method (bid price/ask price? what to do if mtgox is gone, etc). |
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I've never opened a Bank account so I have no idea
Corrected can't change my vote anyway  Sorry about that. I didn't allow changing votes when I created the poll and now I think it's too late. Also, may I ask what country do you live in and how is it even possible to survive without a bank account? I'm in a local credit union for basic banking services. first and only account I ever opened. I hear a lot about how bad banks are but none of that stuff applies to me. I have all the convenience and none of the hassles  Hashes>Hassles |
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So if Bitcoins are worthless but still movable this is good for put buyer. But if they are worthless because they are stuck the put is worthless. Is this right?
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Seems like it would work. So now improvements don't have to be the enemy, yay.
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