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5181  Bitcoin / Press / Re: [2013-12-12] Video - PAUL KRUGMAN: Bitcoin's Value Is Driven By The Fact That .. on: December 12, 2013, 12:44:49 AM
this is precious ... the Federal Reserve sounds 'impressive' too ... until you realise what a rotten scam it is, $85 billion a month to their busted-ass bankster buddies and counting Paul, yep that is impressive, impressive scale of theft!

a Nobel Prize in Economics 'sounds impressive' too ... until you realise what a little lickspittle lackey to banksters is worth in the open market for corrupted ideas men. (side note the nobel prize for economics was not instituted by Nobel himself with the hard sciences but added much more recently ... maybe to make economics sound more impressive?)

but to be honest, if that is the best they got, we're golden chaps. Bitcoin sounds impressive because it is impressive ... but Krugman would have to do some C++ coding to truly know that, we await your commits to github Paul  Wink
5182  Bitcoin / Press / Re: 2013-12-11 Entrepreneur:Wall Street Will Put 'Hundreds of Millions' Into Bitcoin on: December 11, 2013, 10:53:41 PM
Quote
Although right now Silbert is happy to see Bitcoin performing above his expectations, in the near term "the price volatility is only going to get worse," he says. "We haven't seen anything yet."

He added, "Once Wall Street starts putting money into Bitcoin -- we're talking about hundreds of millions, billions of dollars moving in -- it's going to have a pretty dramatic effect on the price."


buckle up ... the rodeo is coming to town.
5183  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 11, 2013, 10:37:59 PM
hmmm PR stunt ... so lots of pics then  Smiley
5184  Other / Archival / Re: 2013-12-10 Washington Post - expert thinks Bitcoin will fall 99 percent by June on: December 11, 2013, 10:04:46 PM
Second Market is saying that millions of dollars from Wall Street will be going into BTC before June.  It seems highly unlikely that the price will fall 99 percent with Wall Street involved at that level doesn't it?  Undecided

Maybe the professor is mixing up his millions, billions and trillions? ... i.e. can he count?
5185  Bitcoin / Press / Re: 2013-12-11 DealBook NY Times: Bitcoin Believers See a Role for Wall Street on: December 11, 2013, 08:21:29 PM
yes I too can "see a role for wall st." ...
5186  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 11, 2013, 07:34:07 PM
I got into bitcoin in 2011 knowing that everything that happened till now would, the issue is I am unsure of what happens after the media catches on, does it go mainstream and do people actually start using it everyday, or is it another great idea that never catches on? is it time to sell? or should I hold till 10K? or should i hold till i do not need to sell?


... all this talking about "cashing out" ... buying bitcoin is cashing out, cashing out of crap fiat ponzi tokens and manipulated paper gold credits.

But don't put in more than you can afford to lose Wink
5187  Other / Archival / Re: 2013-12-10 Washington Post - expert thinks Bitcoin will fall 99 percent by June on: December 11, 2013, 07:15:05 PM
ummm, what kind of "expert" is this guy exactly? seems like mostly unqualified BS.

Think it is going to be perfect irony that last people to benefit from bitcoin and cryptocurrencies will be mainstream economists defending their faith in Keynesianism to the bitter, poorhouse end. They will be buying last ... and so they should, all the while explaining in grand empty rhetoric how it can never work in the face of glaring evidence that it does.

They are the useful idiots of the banksters that have given them intellectual cover to perpetrate their fiat rorts and scams. Note, the banksters are already lining up looking to break ranks and get a piece of the action, the new money, no loyalty there just pure greed, bitcoin is expecting it.
5188  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 11, 2013, 06:43:12 PM
I wondered myself ... a lambo?

edit: ... and yeah, pics or it didn't happen, preferably with that gorgeous wife of yours draped over it but that would be gravvy  Cheesy Cheesy
5189  Economy / Service Announcements / Re: [ANN] BitTarget - send SMS using our REST API, pay in BTC on: December 11, 2013, 01:59:26 PM
Okay, appears to be functional.
NB: there is an error in the example bash script on this page
https://bittarget.com/examples

Code:
$ diff sms_1.sh sms_2.sh 
6c6
< curl -v --get --data-urlencode "text=$2" "http://bittarget.com:3000/send?apikey=$BITTARGET_APIKEY&to=$1"
---
> curl -v --get --data-urlencode "text=$2" "https://bittarget.com/send?apikey=$BITTARGET_APIKEY&to=$1"

i.e. http needs to be https and port 3000 removed

Otherwise a v.v. interesting service .... hoping to see some good mobile and web apps built on top of this quite quickly.

Edit: do you have a thread in the "Project Development" section? ... should be if not.

Edit1: also any update on ETA for receiving SMS and/or dedicated numbers?
5190  Bitcoin / Press / Re: 2013-12-09 JPMorgan Chase Building Bitcoin-Killer on: December 11, 2013, 01:32:06 PM
this is real proof that the banks are shitting their pants because their were too lazy and greedy to update an ancient system.

If we got the greedy bankers scared to $hit, then I think this is one of the best news as far as the Bitcoin sector is concerned.

I don't want to lose my calm.... but if Morgan tries to take out the BTC, then I think it is going to end badly for them. There are tens, if not hundreds if thousands of Bitcoin enthusiasts around the world right now, and that number includes a large number of hackers and black-hat specialists. Enough said!




they might not want to wander this far over the border ... "make my day" is an expression that springs to mind.

 Cheesy
5191  Bitcoin / Press / Re: [2013-12-10] LA Times: Are Bitcoin believers the new Apple fanboys? on: December 11, 2013, 03:34:08 AM
it kinda might be true though.. what i've seen from some of the "to the moon," and "bitcoin will be 100,000 by 2015" people. they can be so involved in their passion that they can only see everything in BTC

except ... so far they have been right,  for 3 years we have had exponential growth in both network adoption and correlated pricing. So at this point it is not so much mad, irrational 'passion' but purely past performance and expected growth rates ... although such radical mathematical realities can be otherwise sane people sound crazy and 'passionate' I accept.

thinking that bitcoin has long-term growth potential is not the issue. it's just the people who have wildly unreasonable expectations. the kind of people that think bitcoin will take over fiat currencies as THE world payment system.

the end point has always been the hard question ... the exponential growth indicates we'll know soon enough what that will be, if the current growth rate were to be sustained for another 5-10 yrs it would indeed easily 'take over' all fiat currencies with total money stock in the 5-10 trillion usd equivalent range, i.e. <10^13
5192  Bitcoin / Press / Re: 2013-12-10 Tim Harford / Financial Times - Of Bitcoins, Bubbles and B&Q Vouchers on: December 11, 2013, 12:58:09 AM
yet another economist who seems to be struggling with lack of oxygen to the brain when venturing into the rarefied air of monetary science ... we need an emergency field ward for these guys, there are so many of them wandering around spouting all kind of random nonsense and falling off cliffs of ignorance it is just embarrassing and frightening to watch the economic community's societal meltdown when confronted with their own Piltdown man moment (keynesian, monopolistic money supply dogma), must be destablising realising your whole worldview is an elaborate hoax

That's a very witty retort (although perhaps some punctuation would help) and made me smile...but it doesn't actually rebut the argument of the writer.  This isn't a 'troll' but a genuine concern: I find this forum to more and more resemble a cult where criticism is neither challenged or debated but simply engulfed in ad hominem attacks, which actually adds weight to the critics' arguments.

Perhaps someone more informed than myself could explain, for example ,why the fact BTC doesn't satisfy Mises regression theorum is bullshit; just saying something is bullshit is a feeble argument.

Thanks,
Nan

Well, we've been over all this a long time ago and all these matters have been settled and soundly rebutted ... the only thing left now is, hurried, badly punctuated, opprobrium for those who chose not to educate themselves but instead spend column space on bereft arguments and poorly written prose. I would say read the archives, but that is probably just more waste of advice.

Good luck.

Edit: also bitcoin was only needed to be traded for pizza once to satisfy the regression theorem right? Theoretical arguments are theoretical after all, practical examples are what set the rules in all sciences, i.e. begin here=> bitcoin works ... be careful to keep the horse in front of the cart.
5193  Economy / Service Announcements / Re: [ANN] BitTarget - send SMS using our REST API, pay in BTC on: December 10, 2013, 11:57:23 PM
Is this service still functional?

The charging of the account seems broken ... >6 confirms and no credits ....
5194  Other / Politics & Society / Re: Swiss parliamentary postulate: Bitcoin is a currency on: December 10, 2013, 11:36:36 PM
Good news from one of the last bastions for monetary freedom and rational govt.

Go Switzerland!
5195  Bitcoin / Press / Re: 2013-12-10 KryptoKit Lets You Pay In Bitcoin Instantly On Almost Any Webpage on: December 10, 2013, 11:13:28 PM
thanks gweedo .. this is the kind of innovation i like to keep a close eye out for .... the current crop of web payment apps (like coinbases clunky pop-up) really suck, lose coins and instill zero confidence in user when dealing with money.

I think there is massive opportunity at the coal face here for a simple yet highly effective web payment app to become the "face of bitcoin" killer app ... with all the gold that comes with that, i.e. it will become the default customer facing input dialogue for ALL btc web payments ...
5196  Bitcoin / Press / Re: 2013-12-10 Tim Harford / Financial Times - Of Bitcoins, Bubbles and B&Q Vouchers on: December 10, 2013, 03:07:49 PM
yet another economist who seems to be struggling with lack of oxygen to the brain when venturing into the rarefied air of monetary science ... we need an emergency field ward for these guys, there are so many of them wandering around spouting all kind of random nonsense and falling off cliffs of ignorance it is just embarrassing and frightening to watch the economic community's societal meltdown when confronted with their own Piltdown man moment (keynesian, monopolistic money supply dogma), must be destablising realising your whole worldview is an elaborate hoax
5197  Bitcoin / Press / Re: [2013-12-10] LA Times: Are Bitcoin believers the new Apple fanboys? on: December 10, 2013, 09:28:59 AM
it kinda might be true though.. what i've seen from some of the "to the moon," and "bitcoin will be 100,000 by 2015" people. they can be so involved in their passion that they can only see everything in BTC

except ... so far they have been right,  for 3 years we have had exponential growth in both network adoption and correlated pricing. So at this point it is not so much mad, irrational 'passion' but purely past performance and expected growth rates ... although such radical mathematical realities can be otherwise sane people sound crazy and 'passionate' I accept.
5198  Bitcoin / Press / Re: 2013-12-09 JPMorgan Chase Building Bitcoin-Killer on: December 10, 2013, 12:21:03 AM
Sounds like Digicash2.0 ... maybe Chaum's patent's expired.

Edit: maybe we will see the source code links posted in the Alt-Coins section one day? ... it will give it some legitimacy.
5199  Economy / Service Discussion / Re: Instawallet claim process on: December 08, 2013, 11:56:29 PM
davout : are you gonna make us whole?

(last time I ask nicely)
5200  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 08, 2013, 02:09:58 PM
Banks are chomping at that bit to get involved in bitcoin and cryptocurrencies but keeping getting sternly warned off by the facists in govt ... who see their dreams of totalitarian financial information awareness and control disappearing overnight ... at some point the leash will break and money, real big money, will be set free ... and the facists will be washed away in the flood of capital racing through every nook and cranny they have blocked up with their byzantine attempts to control liquidity to their own selfish, misguided ends.

An old fashioned Jubilee of Jubilees (500 year cycle) is approaching ... pity the idiots who willfully stand in its way full of hubris and ignorance in equal measure.
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