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Memes are not something to discuss. You create them, you release them in cyberspace, and you let them live or die.
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Hi guys
Just wanted to see why the price is justified with Bitcoin? Because its a very high price right now, $27.00
Blame the web. Let me tell you why. There are at least two ways someone can learn about bitcoin. 1. you are concerned about the global economy and monetary policy so you do some personal research about currency and modern alternatives. Then eventually you find out the Wikipedia page about bitcoin. 2. you find an article about it on your preferred website. It's pure chance as this website usually don't speak about this kind of stuff in particular. If you were in the first case, there is no reason why many people should have learnt about bitcoin in the same time as you. Because you learnt about if from your initiative. So if you start buying bitcoins it won't change the price much. In the second case, it's very different. An army of registered readers will suddenly learn about bitcoin more or less in the same time. Even if only 10% of them think it is a good idea, it is still a lot of people. And of course, they will all rush to buy a few bitcoins. And here you have an effect in the price. Had those people stretched their purchase on a slightly larger period of time, the price would probably not have been affected. But no, they had to act all together, like a hurd.  It's not our fault if people behave like cattle. |
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maybe, but would i want people to have hoarded thousands of these? they didn't work for them, just speculated and were there early. society just won't allow that.
Speculators are not just throwing money randomly everywhere. They try to see what the future will be like, usually with a rational analysis. By doing so, they propagate price information in the market and this price information has a lot of economics value. It is basically intelligence that can be exploited by economics agents in order to foresee what will be the future needs and trends. |
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Great slogan, but i think the image needs to be changed, im thinking of like a dude holding a casicus coin upto his eye
To me the image is just fine as it is. |
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The face of this guy on this picture is epic.
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Guys, the top comment is a defense of the current monetary system by Hank from the scishow:
« Real currencies don't add capital at a weird, algorithmically defined time, they add capital when someone takes out a loan, creates value exceeding the worth of that loan, and pays the loan back...thus the capital added corresponds to the value added. Removing actual value addition from the equation seems dangerous to me. »
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Found this one on reddit:  Probably initially made by a bitcoin hater, but still awesome!!  |
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By the way, as anyone ever suggested Satoshi makes a AMA on reddit?
If he really wants to stay anonymous, I guess he could use ToR.
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But with services like BitPay, Google can accept Bitcoin with 0 liability.
Instead of using BitPay, I'm pretty sure they'd rather copy them and offer a similar service if it appears to them that BitPay is totally safe juridically. |
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Downward corrections in a long-term bull market just present more buying opportunities. Doesn't make sense to sell at the low.
I think that's why it's called "panic sell". It's emotional, not rational. |
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Isn't "below 10$" and "single digit" the same answer??
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We know Eric Schmidt knows about bitcoin and likes the idea. I suspect their concerns are juridic.
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I wonder if he's gonna put a bitcoin donation address from now on...
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No mention of bitcoin here. |
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Everett's interpretation is actually quite popular amongst physicists IIRC. http://arxiv.org/abs/1301.1069See question 12. Copenhagen 42% Information 24% Everett 18% Yes, and mathematically it is way more elegant and consistent. Sure, but unfortunately it's not mathematically fully convincing according to Brian Greene for instance. Otherwise all physicists would be Everettian. |
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I wonder how much money we've already donated through Bitpay…
Doesn't Bitpay make this information public? |
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How awesome will bitcoin look when this new coin fails for all the reason bitcoin suceeds!
There is no reason why this currency should fail, as it makes total sense for a company to emit its own currency. In fact, when one believes in monetary freedom, private currencies like this are something one should expect and look forward to. By any means, I think it's good that big companies such as Apple, Microsoft, Coca-Cola, Amazon and so on emit their own currency with their signatures. This with a free and efficient market exchange between all these currencies would depict the perfect picture of a libertarian notion of money. I'm fine with a company emitting its own currency too, I call it an IPO. But this Amazon thing IS NOT A CURRENCY! It's one coin equals one penny. It's a gift card program. Oh, I missed that part. Well, maybe for them it's a start, and they plan on turning it into a currency later. PS. IPO is a different matter. In an IPO, it's the capital of the company that is distributed. Whereas if a company creates its own currency, it's usually as a unit of account for selling its products. Very different. |
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