Yes, but that's not saying much. Namecoin is more successful in my opinion, depending on how success is measured (not price).
I'm all for competition I suppose, but litecoin is certainly not that. It's a gimmick fork.
So far we've seen more than half a dozen alt-chains, which one is not considered gimmick? none? Namecoin is less of a gimmick than the others. But, yeah pretty much. |
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The core has appeared. Stand by to attack
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dear lord baby jesus. This is fun to watch.
Feels like early summer 2011 around here. That makes me scared. WHOA. Proudhon is a bull! But yeah, I'm scared too. |
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Congrats! Such an innovative and brilliant use of bitcoin. Huge fan, though I don't really gamble. Keep churning those ideas out  And I'm very thankful satoshidice's testing of the network. |
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What you see is bitcoins flowing from weak hands to strong hands. It can keep going on for long time, until it stops for a while.
Sounds about right. |
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dear lord baby jesus. This is fun to watch.
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last time the bubble popped because many ppl lost faith due to the "goxing" that occurred. If none of the major exchanges get hacked again we could see it reach $20 - $30 again very soon and even achieve stability at those prices..
Not really IMO. The $30 dollar coin last year would have drastically popped regardless. It might have continued for longer if the goxing didn't occur. |
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it depends on if one sees btc/ltc/etc. as the utlimate solution of e-currency, or just another step toward something like PerfectCoin. IMHO, litecoin has been remarkably successful compared to other coins that failed, right?  Yes, but that's not saying much. Namecoin is more successful in my opinion, depending on how success is measured (not price). I'm all for competition I suppose, but litecoin is certainly not that. It's a gimmick fork. |
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Very cool!
Even thought it is a great time to mine, now is probably the worst time to start a mining operation in my opinion, because this new ASIC wave + the reward drop brings so many unknowns into the equation. You should wait it out until at least the reward drop.
Just my humble opinion.
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i think its an awfull read.......and kindergardenlike ...by comparison to pirates accomplishments and turnover!
if thats the base he is accused off , then we should built him a monument
for delivering a 5 times better run ponzi......and he is far far ahead ...as if somebody could hit the treasure this way.
Correct is that he hasnīt construed a compelling story yet and if never being able to do so, the scheme may collapse
earlier than it need to . Now is the time for the real story and that is: bitcoins are the new world reserve currency....
fuck your dollars, euros, renminbis......everybody..of course the criminals first want their assets move to bitcoin...
pirate is meeting the chinese tycoons, the vegas multimillion dollar gamblers, the frustrated savers all around the world,
bitcoinmax is available in every thinkable language, Mugabe is asking for an bitcoin exchange and the nigerians want to buy on ebay as well......
1 quadrillion dollars shadow banking liabilities.......verses 21 million bitcoins......God helpme...7 % weekly growth is a pittance
Zyk the Oracle speaks again!! |
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Not if its a ponzi. Because everyone will demand to see the txn that stole the coins on the blockchain. And that txn wont have enough coins.
This is an excellent point. I've never thought of that before. |
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How so? Isn't competition a good thing?
What competition? Litecoin is a parasite. Either way all litecoin users are also bitcoin users. |
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I want to believe but what doesn't make sense to me is the fact he has to repay in bitcoins.
So he uses the bitcoins for large sales to investors only to then have to rebuy on the market + interest owed.
It doesn't add up.
this this this this this, |
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Total Bitcoin value = Media-of-exchange-utilitarian-component + store-of-value-component.
The former can be calculated by number of transactions, the latter is a wildcard, largely depends on people's perceptions and confidence.
I think the latter is the clear driver behind this move, and it will continue as long as worldwide savings are under threat of debasement and confiscation. The amount that has been pumped into the market cap, $50+ million over the past few weeks, with many single large orders buying up thousands of BTC in one go, indicates serious money taking up positions as opposed to individuals looking to buy a pair (or two) of alpaca socks. There is not money "pumped into the market cap". You cannot value the seven million BTC that were not sold based on the trading of a few thousand. Certainly the price increasing from $5 to $10 doesn't mean that $35 million was invested into Bitcoin. Didn't sound right to me either. |
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When I first discovered bitcoins, Bruce's site was waaaay high in SEO. It was like the 3rd listing on google, so I thought it must be legit, right?  I corresponded via email with him for a bit because I wanted to buy some bitcoins asap and with PayPal or a credit card. I got skiddish and never bought from him. Boy am I glad, after learning about him on this forum. |
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I liked the "never ending bull run" adam better than bear adam...
He was never the "never ending bull run" or he wouldn't be here now |
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Dank Bank Charity Deposits - low high risk, high average interest - 2.5%-3.2% weekly occasionally FYP. You've been heard. You can leave this thread now. |
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I'd say that's an accurate description. As for completely doing away with organizations like the Mafia and governments, probably not completely. It might succeed in turning the Mafia "straight", but there will always be people who want to control others, and those people will always try to start governments. The best we can do is knock 'em down every time they start hurting people.
Very cool, thanks. I suppose we are in agreement. So would your definition of government be "a group of excessively violent and oppressive people weilding power over others?" If not, then what is your definition of government (and your definition of mafia) that is necessarily exclusive to "coca-cola" type companies? |
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