Thank you for linking this great article! I also don't think we need to do an image campaign for bitcoin. We just need to build the technologically best Bitcoin possible through constant developmental evolution. That's it. Bitcoin is just technology with no behavioral implications attached. You can't sentence a piece of technological innovation. All in all Bitcoin can be used for a lot of good things and can change the world for the better. |
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its like an american saying their going on a euro trip but not using euro bank notes. thn purchasing a euro debit card and euro travelers cheques..
their plan failed before they even fuelled up their camper-van
id say only 25% of merchants they used knew what a bitcoin was and accepted it within the bricks and mortar.. the rest were done through gateways that converted it to dollars and the hotels / fuel stations / som restaurants, never even knew bitcoin was involved.
You're basically right. Bitcoin is still very far from being a common currency. But there has been constant progress in business acceptance. People like this family are helping to spread the word. That's a good thing. One year from now, I predict it will require less gift cards to get on a bitcoin-only trip. |
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It will have severe consequences because of the erosion of trust. Huge sums of money will be removed from bank accounts if no restrictions are imposed.
It's not clear into which assets the fleeing capital will flow. Precious metals and real estate are among the options. A tiny part could also flow into Bitcoin. But I think the main portion will simply be kept as cash.
However I don't know if infowars.com is a reliable source at all.
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Meine Güte, es wird immer besser...  Aber warum soll ausgerechnet die für Bitcoin so symbolträchtige Pizza verunglimpft werden? Mit schlechten Bewertungen erpressen könnte man doch jeden anderen beliebigen Internetshop... Das beste, was die betroffenen Pizza-Lieferanten jetzt machen könnten, wäre proaktiv Bitcoin als Zahlungsmittel zu akzeptieren und damit an die Presse zu gehen. Eine Welle der Solidarität und Flut von Pizza-Bestellungen von Bitcoin-Usern wäre die Folge. Edit: Wann ist eigentlich der nächste Bitcoin-Pizza-Day? |
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Chris DeMuth, a partner at Rangeley Capital who had been considering bidding, said last week the chance the Marshals Service gets the market price for the bitcoins is low.
"Anyone could pay market prices on existing exchanges," he said. "So the key question is how much of a discount do bidders want."
Funny way to get in at a lower price...  I'm sure that these coins will sell above, not below market price, because it's a bigger chunk that can't be acquired on existing exchanges without pushing the price up. Blind auction format psychology also helps pushing price up. In addition these can be considered "cleaned" coins for the epidemically growing community of idiotic AML-freaks. I'm really interested in seeing the actual results on monday. |
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An interesting, at least plausible story.
In case of USD-collapse a lot of capital will flee into alternative investments. But Bitcoin is not the only option. Many alternative investments will see price increases. Of course also USD/Bitcoin-exchange ratio will jump skyhigh, but that won't signify much, since the USD then being worthless.
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I think current market price is the best predictor.
Slightly above that, I suppose, because it is an auction where nobody can see the other bids before final resolution.
I'm even more interested to see how the market moves after the auction.
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When BTC price goes up, PBOC released messages that they would ban BTC.
When BTC price goes down, someone from PBOC said "There is space for BTC"!!??
Seems like someone is trying to manipulate the BTC price.
I'm getting tired of "China news". The manipulative effect of such news is diminishing because of their release frequency that leads to habituation. Regardless if such news are true or not, their importance is low, because: 1. China is not the only country in the world 2. There is more than one actor involved in chinese politics - so a simple statement of a single person does not necessarily mean much 3. Politics are not set in stone - even unfavourable decisions may be revoked later 4. People and technology may find a way around existing regulations |
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Es war imho von Anfang an absehbar, dass MintChip sich nicht durchsetzen kann. Bitcoin ist klar die innovativere Technologie (fraglich, ob man bei MintChip überhaupt von einer echten Innovation sprechen kann). Mit dem maßlosen Regulierungs- und Besteuerungswahn machen die Regierungen den nächsten Fehler: Sie vergraulen auch die ursprünglich ehrlichen Bitcoin-Nutzer und treiben so die Entwicklung stärkerer Anonymitätslösungen voran, so dass sich die Cryptowährungen bald ganz ihrem Einfluss entziehen werden. |
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The thing with buying the index and your holding period is 100 years: it doesn't matter when you buy I prefer to hold individual companies but I understand not everyone can or wants to do this so index is perfect for them. Don't try to time the market. You will fail. Right. You will probably be dead before you see returns. It's not about timing the market. It's about buying when the investment is fundamentally cheap. For the stock market this means that the overall price-earnings-ratio is well below 10. Also we are not talking about only one market (i.e. the stock market) / only one type off investment. We are talking about picking the best investment overall. There are always areas which are relatively undervalued compared to others. To minimize risks, buy only in areas which are relatively cheap. |
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Altcoins used to be a reasonable shortterm hedge against Bitcoin when there were much fewer altcoins at the marketplace. I can remember big price gains for litecoin and namecoin during bitcoin crashes in the past. But such times are largely over.
Now the marketplace is flooded with hundreds of altcoins which compete against each other, weakening the foothold of each individual altcoin.
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A wide low fee index fund. Buy the S&P500 or something.
I would not call the stock market "low risk" I would. The index will provide you an 10% APR over a 100 year period. Low reward =\= low risk. 10% APR is anything but low reward. It is low risk though  It is not low risk in general. It depends on the time you buy. Even if a broad index fund flattens out the risks of individual stocks, a general market crash can generate great losses that will not be regained for decades (inflation-adjusted) if you bought near a market top. It's important to buy cheap. The stock market valuation is not favourable at the moment - stocks are overvalued. Buy after the next crash. |
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Of all the dubious log linear extrapolation models, the least dubious one.
(yes, I mean that as a compliment.)
For sure. However I say chart-based extrapolation still doesn't work longterm. Extrapolation can't predict major mood changes of market participants or sudden events. Whatever type of extrapolation you use, it is always just projecting the main trend into the future. Such methods may work quite a long time, but suddenly they will fail. For better predictions you would have to monitor constantly the fundamentals that drive market mechanics (for example adoption rate, adoption pool (people likely to become adopters), transaction volume growth, businesses accepting btc). |
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He's probably right with part of the code. I think it's important to have a 100% compatible alternative implementation of the Bitcoin protocol that is build from scratch. I also see the danger that more and more additional features are implemented into Bitcoin Core, while the real "Core" is not cleaned up / optimized. Ripple.
Nice laugh. |
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It has the potential to reach $100K - even in today's purchasing power. Question is, if Bitcoin can realize this potential. That is not sure at all: Bitcoin could die without prior notice due to technical problems. Or a better competitor could emerge and draw people away from bitcoin. - Just to name two potential threats to the $100K prediction. Nobody can foresee the future. Just keep on using Bitcoin and watch what happens next. |
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In my opinion it would be better for every country to skip USD, it's masively, but this is true meaning of masively inflated currency and its debt is growing every day.
Many countries already would have done this, if there wasn't a huge pressure to avoid such steps. US military power prevented such initiatives successfully for decades. Now, with US overloaded with debt and China and Russia leading the way, acceptance of USD as trade currency will erode quickly. |
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US's broke, no money to bomb Syria and the US "help" to Ukraine is laughable, considering the Canadians sent more aircraft and advisors.
US can't fight a war with anyone - the Empire is gone, it's like the British Empire back in the 1950s.
USA has a president with brains now. Why should we give a rat's ass about Syria, the country is already infighting at this time and so is Ukraine. Why waste our money on it? There is just no reason to fight like a fool is the point when there is no need to. USA are in syria, iraq, libya, and not in north korea, is because of oil venuezla, and iran are next they have lots of oil too The vast majority of wars are based on oil. Almost all wars in history were based on competition over resources of some kind. I agree that US empire has reached its climax and is now collapsing. The US have made far too many enemies through their aggressive "foreign policy". Unfortunately new empires will emerge - hopefully less powerfull ones that will have to respect the rights of weaker nations to a greater extend than the US. |
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Schön, dass der erste Gebissklempner auch mit von der Partie ist! Allerdings finde ich die Akzeptanz von Dogecoin eher überflüssig, da keine ernsthafte Crypto-Währung. Zuviele Optionen verwirren eher, als dass sie nützen. Auf dem eingesparten Platz also besser eine kleine Erklärung für Neulinge (z.B. Verweis auf bitcoin.org o.ä.) anbieten. Edit: Nein, ich habe nichts gegen Hunde. |
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OpenBazaar seems to be a promising project. I still miss BitMit and think there is ample opportunity for new auction/listing-services in the bitcoin space.
However it's imperative that these new services focus on essential functionality and make participation as easy as possible - because most important for such services to succeed is ample participation by both sellers and buyers (the latter being even more important).
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I'm not sure if market cap is the only relevant factor for price stability. I think equally or even more important is the main use of bitcoin.
I'd argue that the more bitcoin is used for transactions the less volatile it will be. If bitcoin is primarily seen as a commodity it will have higher volatility than if it's primarily used as a transactional currency. With market capitalization in the trillions and primarily commodity properties it will have gold-like volatility which is still substantial but would not impede usability either.
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