Exactly, as the percentage changes, the money needed to push in either direction will grow. We could see big fluctuations in USD price that don't mean much in terms of percentage. A 30$ rise or drop will mean far less the higher the price goes.
This, in case anyone didn't realize is why log charts tend to work best. I much prefer them to those max-high, min-low charts which tend to magnify minor fluctuations when things are steady. I hope 100 holds off a little though. I have things I'd like to do before it gets there  |
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Bitcoin will need this kind of services as long as my salary is paid in euros, and that all prices are made in euros or dollars.
Oh for sure. I just feel that this kind of thing only advances bitcoin a fraction compared to systems that actually use bitcoin for trade. |
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I'm thinking I'll mention it to some recruiters. I think it's going to be an exciting field in the next 10 years or so.
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My netbook is worth more than my house.
Advice, if I may: Make more than 1 copy of that paper wallet.
Keep them in different buildings. A fire could give you a really bad day.
just an idea: perhaps a thin stainless steel sheet on which you could hand engrave (matbe even scratch with tungsten drill tip) or stamp the info might be in order. such sheet can be bought from hardware stores. or if youre worried about metal detectors, maybe some clay tablet in a plastic drainpipe with endcaps that you bury somewhere. perhaps in the far future some lucky people might find bitcoin stashes that used to belong to reclusive hermit miners that are worth the value of a nice small tropical island. I guess you could use one of those dog-tag engravers at wal-mart. Might have to stretch the wallet over several of them though  Would people actually trust a service which engraved and mailed wallets? The trust would be about the same level as Casascius coins but the coins typically only hold 1BTC and are more curios than live wallets. It would be quite a risk. Maybe if there was a way to two-factor them (hmm, I think Casascius was talking about that for his coins so...) |
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Actually there is quite a lot you can already buy with bitcoins at the moment.
BitcoinStore, Mega, Reddit, Wordpress, Amazon fulfillment integration, Gold, Silver, etc.
And we are only just getting started.
You can also now pay local government with bitcoin. http://www2.egovlink.com/press-release-bitcoin.cfmBears, stop and think about that for a second...  Not really different than the "Pay for pizza" thing. Just a shell converting money. Don't get me wrong, I think these services are a good stepping stone but they are only second tier importance compared to direct exchange of bitcoin for goods and services. |
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perfectly sound theory. I agree wholeheartedly. But why would I use BTC to buy it when I can use Fiat?
If I have fiat on hand, I'll probably go looking for that. However, I don't know where to get good deals for fiat and rptiela seems to be developing a good reputation. More importantly than that though, I think it is good to keep bitcoins moving and they're not exactly hard to replace (or in a rising maket, preplace). |
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To a paper wallet. It's insane that my cellphone is worth more than my car. +1 I keep only 0.5 BTC on my phone for kicks! hahahaha I've enjoyed watching the "Currently valued at" go up but it would be somewhat painful to lose that much now. I wish there was a more fireproof way. I have a couple of ideas but they would be too expensive for a one-off and it's not really something you could do as a service. |
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Hi, thank you! We will soon be offering also 90% circulated silver (Silvervault: AGD type), and American Silver Eagles. Please reply in this thread if you are interested!
I might be. I don't like to commit unless I'm sure and I'm fluid on a lot of stuff right now. I'll keep an eye on this thread. Why would I buy a metal that is losing value with BTC that is rapidly gaining value? Diversification. |
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To a paper wallet. It's insane that my cellphone is worth more than my car. |
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OK, I feel ready to release the Android app. It's not finished yet but last night I stayed up way too late tweaking the graphics a little and adding a settings screen so you can view your own hashrate and not just mine . http://perihelion.nfshost.com/hhttwatcher.apkAny tips welcome. Suggestions also welcome but any accompanied by a little BTCBTCBTC will obviously get more attention I've sent 1 BTC: 9d048a3388ca47a8bda882f978d52beec530d5c0f4432933e384b76dd495011d Wow. Thanks I'm thinking of adding an alarm next. Also, it should display 0 (or useful text) when there is no result, not "null". I want to get the text looking tidier too (it's better than the original but still not nice enough). If anyone has any suggestions, I'll probably try and get any low-hanging fruit. |
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Hi, thank you! We will soon be offering also 90% circulated silver (Silvervault: AGD type), and American Silver Eagles. Please reply in this thread if you are interested!
I might be. I don't like to commit unless I'm sure and I'm fluid on a lot of stuff right now. I'll keep an eye on this thread. |
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How about we name them after how many satoshi you get for one US dollar: Now you get 1,000,000 satoshi = millionaire-era In 2012 you got 10,000,000 satoshi = multimillionaire-era Before 2011 bubble you got 100,000,000 satoshi = 100-millionaire era In 2010 after MtG opened, you got 1,000,000,000 satoshi = billionaire era In 2009 until about the Pizza, you got 10,000,000,000 satoshi = multibillionaire era. This puts the biggest holders in the category with today's richest (public) people on earth. Just wait "Gentlemen, we are the new wealthy elite" I was thinking of something a little more poetic. like the 30s would be the "silver tear" era, the 40s could be "bears remorse" etc Not sure for the 90s. "Burning oil" perhaps? |
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The number 1 reason that BTC will increase in value: ...with a market cap of $864 million, all of it is worth less than what Facebook (FB) paid for Instagram Bitcoin is worth far, far more than some sh*tty program that allows hipsters to take pictures of food and was programed in about 15 seconds. The government , through taxes and legislation causes companies to reinvest profits and attempt to grow rather than simply pay dividends to shareholders. This leads to lack of good indicators and malinvestment. Hence the above. |
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Are you sure you would have kept holding, no matter what all kinds of jackasses were fucking around with in the pandemonium that is the illiquid bitcoin market between August 2011 and August 2012?(I believe you have heard about the Bitcoinica farce and the BTCST saga)
Yes, likely. After all it was just $1k, and I had plenty of other things to do during 2011-2012. Just bothering to think about selling it would have been too much.. I almost never sell anything. I still own mining stocks that peaked in May, 2006, you believe me now?!  What I am saying about the recent trades, this is just a sorry silverbug trying to play catch up, and no chance I will be numbered with the large holders ever, that train is long gone  Ah, we can all play what-if. If you could see into the past, you could just put everything on 1 at the right time. You operated with the information you had at the time. Retroactive regret is pointless. Forward! to 100! |
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Another milestone passed.
This is incredible.
I think we need to start naming these epochs... |
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I agree. This makes much more sense.
I don't understand. Must be a cultural thing. |
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I'm sorry you encountered an issue. Software being software, nothing is ever 100% perfect no matter how much testing it goes through. I've raised the issue to our development guys and they'll investigate and hopefully put a fix in place once they've identified the issue. Thanks for the heads up - the feedback is appreciated!
Thanks. I appreciate the speedy response and all is good now with no harm done. Things don't always go right but it's how we respond to them that counts. Well done. |
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Only the bears seem to be ignoring/not understanding the fundamentals, which is why I guess only the bears have been seeing a bubble since the 20s
I'd say I've seen a couple of small bubbles. The thing is that a bubble deflating in the face of an underlying increase can still lead to a positive gradient. And don't forget, there can be negative bubbles too. Less likely with fedgov running the presses until they glow red hot but nonetheless... The thing is, there certainly are the right conditions for a bubble. Too much cash with nowhere to go. OTOH BTC is undervalued right now so cash may not be inflating a bubble, just inflating a ball to the right pressure. This is Bitcoin in my eyes right now:  |
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Careful how you spend your bitcoins here. There seems to be quite a serious bug in the allocation algorithm.
A little over 24 hours ago, I put £150 through. Two hours ago I tried to put another 150 through but because I was within the 24 hours, only 50 went through with 100 held back (fair enough). However, now that the 24 hours from the first 150 is up, my 100 is still being held. The status page seems to be indicating that it will be held until 24 hours from when the 50 trade went through. That's 22 hours away. I could lose quite a bit between now and then. Not a good bug to have.
Current price is £58.09191
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I haven't found anything wrong. Any chance someone in your network/isp started blocking 3333?
My box rebooted so I was on anyway. Just another datapoint that 3333 is apparently still not working. Doesn't look to be the network: $ telnet stratum.hhtt.1209k.com 3333
Trying 54.244.136.135...
Connected to stratum.hhtt.1209k.com.
Escape character is '^]'.
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