Who are these idiots?

I have a feeling that 2014 will be the year for Bitcoin. There are a lot of projects in the works, but it takes years to get them released when you have to bootstrap them on shoestring budgets.

That is a good question to ask someone with (for lack of a better term) multiple personality disorder. There really is no I. There is only the stimuli of brain cells and centers that evolve adaptation behaviors for the organism. If you have a hemispherectomy, you will still be you to you, but not the same you to us. As individuals, perceptions are what drive the organism through the optics of learning behaviors. As a socially communicating species, we develop those optics through the adaptive behavior of others. If you want to experience this for yourself, go back and read things you have written years ago. You may find the thoughts you expressed quite estranged.

Your responses were well articulated. "Digital Crust" indeed. That's where bitcoins come from!

Perfect for HSBC and other big banks like them.

*plonk*

Competition will drive the price up. Right now speculators are only able to buy and sell large orders, there is no way to short large orders. That would have a strong stabilizing effect on price, but really that isn't absolutely necessary. There are people looking to acquire large caches of bitcoins and are using trade strategies to cause panic sells to buy up cheap. They are driving the price up because they want more bitcoins, but are careful not to cause panic buying. These big fish will eventually be out-traded by bigger fish using similar tactics. There will be more FUD shenanigans to cause panic selling and we must all be careful to secure our business wallets to avoid scandal.

Volatility is fine in the short term. It will attract HFTs with competing algorithmic strategies that balance each other out. This will cause upward pressure in line with adoption.

The previous attempts to pump and dump failed because bitcoiners are getting used to the volatility. I knew this one was coming and that it would be brief. The setup for the multiple dumps was complex. Now we are sitting at a more reasonable correction price until the next rally. The next PnD will probably require a major FUD campaign. Buckle up, there will be another big rally and another correction based on current developments, and then another and another. We knew this would happen since 2011.

I suppose I could renew my passport. Doesn't your passport say that it you cannot photocopy it? I can see making a B/W copy, but a high resolution color copy sounds like it would be illegal.

OKPAY is a scam. I followed all their instructions to get a debit card and it was declined because they decided that instead of my DL they wanted my national ID. My country (USA) does not have a national ID. Now I have an OKPAY wallet which is pretty useless.

I'm not sure I understand his hypothesis. My take on China encouraging people to invest in gold is for them to one day confiscate all the gold to back the state currency.

Maybe Bitcoin is BRK.A on steroids

I will not be trusting any claims of debit cards until BoA or such reputable bank offers them. OKPAY lied about the requirements to get a debit card by changing them after I sent in the money and applied for it. Now they have my personal info and who knows what they will do with that.

Just curious on the progress with Trezor.

I wonder how much metal speculation is backed fraudulent paper? If there was a run on gold, how much would anyone get delivered? I suspect that much if not most of the gold trade is fictional. At least with Bitcoin, fraud is limited to exchanges and it is cheap and easy to move to more trusted exchanges if desired. This keeps Bitcoin exchanges honest. Gold is only honest money if it is in your hand.

Bitcoin has had a lot of time and money pumped into marketing. I don't see anyone spending millions marketing Litecoin. Maybe someone should give it a shot!

Bitcoin is a fundamental new technology. It was engineered specifically to drive a global economy on the internet. Thinking that it will fail is believing that the internet will fail. It is possible, but unlikely. If you want to understand the potential (or inevitable) adoption of Bitcoin, then look at the adoption of the internet. As the internet is a force of freedom of speech, so will Bitcoin be the force of freedom of exchange.

The whole idea behind alternate coins was to test new properties. Namecoin was a great idea, but just didn't get traction. I don't see any other alternatives offering anything unique and beneficial to distinguish them from Bitcoin. Competition has favored Bitcoin so far.

Bitcoin falsifies his monetary world view. Of course he won't like it. Obviously he is not a critical thinker, because he offered no insight into his understanding of the technology. He simply assumed it was just another currency designed with no purpose in mind other than to scam people, of which it is not even capable. It's time for the new economists to spit on their hands and raise the black flags.

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