Anybody else really, really surprised by the poll results? I mean, I'm very bullish (despite not really being a trader, just someone who has a non-life changing amount of BTC) and I think there's a small chance indeed that Bitcoin won't be superseded by the time the price is $30,000. I'm not saying "sell now" at all - I think there's a long way left for Bitcoin - but $30,000 would be my prediction for, like, 2025, by which time I'm sure that there'll be a more dominant cryptocoin around. But as I said earlier, I'm a novice to this game, so please take my comments as mere speculation, not advice to more serious players  IF current network growth/usage is sustained AND the price continues to correlate strongly with network growth, as it has done for >3 years already, then 30,000 is to be expected before end of 2015, maybe towards early-mid 2015 even. |
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Everyone has their price Hehehe, i think you underestimate the new breed coming through .. this is about money but is NOT about THE money. |
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I'm not so sure ... if a determined group of crypto holders were to effect a physical short squeeze in the PM market things would get very, very interesting.
It is largely due to the unwillingness of the billionaire establishment set to take on the fiat banksters in the PM markets and dump their debt 'assets' that the wretched paper game has gone on so long.
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... just wait until the monte carlo connection arrives ... 1k is now the basis for confidence for the really big fishes
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... I might buy an island.
Yeah, I think a lot of us will be 'manipulating prices' in the island market in a few years. One problem with even the most wonderful islands is that they can be lonely places to live, and they usually have no internet connectivity except slow and expensive satellite. It Bitcoin hits $1000, I will try to attract a small group of freedom-loving Bitcoiners to buy an island that's big enough for us all, and on which we can install high-speed internet. Ready to buy that island? Yes! If I put in a third, and you and FreeMoney each contribute one-third, we can go ahead. Now we just need to decide whether it's going to be Tasmania, Madagascar, Cyprus, Madeira or Jamaica. Galts Gulch Chile is looking good too, although it's not an island. watching .... for a great island of freedom to spring up somewhere  |
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... this is the third vacuous 'bitcoin hit piece' in 2 days coming out of establishment propaganda mouthpiece the NYTimes shit-rag ... just about conclusive evidence they have gone on the attack.
And all the usual attack authors who get rolled out when they want war, peace, money, votes ... you name it 'issue du jour' ... this paper is toxic to the core ... like pravda of the former ussr.
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All these problems, like hiding the transfer amount , and anonymization, etc were solved (*) by my Appecoin protocol.
Appecoin proofs are relatively small, and fast to verify.
The fact that I didn't publish it (for a year) is that I still have moral doubts of enabling a completely anonymous payment system. Somebody has to proof that the benefit of such system outweigh the costs of its illegal use.
I hope Adam you're sure that you solved that dilemma when you finally build your own protocol.
(*) This is not completely true, since my paper has received little peer review, it might contain mistakes.
I hope your understanding of cryptography is better than your understanding of morality. Ouch .... but it crossed my mind also. So Sergio are you ever going to publish? Have you looked at the arguments regarding fungibility? If you truly have an idea that is possibly the best money humanity can have, the enormous economic benefits alone far outweigh any moral quandaries provide by a few errant users of the money (who, after all, have to answer to their God and their peers ultimately for their actions whatever the medium is that they choose to perpetrate them with). |
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Hello, I'm one of the devs for Project Tox ( http://tox.im) It's a free, open-source encrypted p2p Skype replacement. Feel free to visit #tox or #tox-dev on the freenode irc server. Interesting, been waiting for something like this ... I think original skype was p2p also? |
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A bashing from a NYTimes column rag is about the best endorsement one could hope for ... this is the "then they fight you" phase being signalled by the establishment. There is nothing that runs in this shitty excuse of a 'newspaper' that isn't propagandising drenched in war blood money or cynical old wealth oppression dressed up as socialistic pablum for the masses and their other useless idiots in academia, surveillance state drones or paid for politicians ... NYTimes ... GFY! Bitcoin is here ...  |
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... yeah, best to just tell the prof. dude to post it in the Alt-coin forum and see how it flies in the free market (no pre-mining scams either please prof.)
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We're at the tipping point?  Wow, what an amazingly symmetric graph those M1 figures produce ... there is definitely a mathematical law to be dragged from that data. Distribution of capital in the world? |
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Trace Meyer, Roger Verr or Jeffery Tucker ... Erik would be good also. Might even pay to watch that ...
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The guy is a dick ... FT lost all credibility long ago when backing the bankster bailouts. They always argue from position of (false) authority and never from first principles.
Lazy old dinosaurs ... we come to eat your lunch.
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If you provide financial services to US citizens of course you are required to comply with US laws. Ummm, actually I do not see that logic as axiomatic as you state. By that screwed up logic the laws of Seattle City would apply to a Seattlite while visiting Portland and the Portland City would be required to enforce them, wtf? Surely it is about jurisdictions? Who cares where the person comes from as long they are abiding by the laws in the land where the activity is taking place? Bullies throwing their weight around is just plain ugly sometimes. |
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We're having quite frequent questions about why is TREZOR better than "...". So we prepared a table comparison of the main features of TREZOR with other tools that are being used as bitcoin storage.  Before posting it to our website, I'd like to ask you for your opinion, mainly to see if the comparison is: - easy to understand (our english :-) as well as the logic)
- correct (because we intent no harm to anybody)
Please don't hesitate to post comments, suggestions or questions. Thanks! I think without having one to test it is hard to know ... and somewhat speculative also, nice glossy brochure? meh ... hardware on the market, yeh. |
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It just occurs to me that divisibility is one of Bitcoin's great features as a investment, you can't normally buy fractional share on the stock market, or a fraction of an ounce of gold/silver, so when a bubble is forming small time investors have to avoid buying as they risk losing dearly in a market crash, but even when BTC price reaches $10000/BTC you can still buy 0.001 BTC and take advantage of the potential rally continuation, as the most you can lose is only $10, this would potentially make Bitcoin the first product to be investable, and investable rationally by everyone, even really deprived people.
... what you mean like real money?! ... like that normal people can actually work and save in without being ripped off and corralled into "pension schemes", high-yield debt-instruments, shock markets and etc before being eaten alive by Wall St. sharks? God, what a concept. |
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why you refer to price of gold as in oz? it might as well be in grams, kilos, tons. the price per weight value is irrelevant here. gold will always have value no matter how much 1btc is in relation to 1 oz.
Good point ... I guess the only question left then is when do we switch the numeraire from tOZ/BTC to BTC/tOZ then right? ... that is when the psychological shift to unit of account occurs and btc becomes 'money'. |
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