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5681  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 15, 2015, 01:52:21 PM
MMM love the smell of bull trap...

Love the smell of bank transfers clearing and people buying.

I chose wtf is going on!!
5682  Bitcoin / Bitcoin Discussion / Re: Bitcoin revealed: a Ponzi scheme for redistributing wealth - Washington Post on: January 15, 2015, 01:18:17 PM
I think the article says more about the end of the Washington Post than it does about anything else.
5683  Bitcoin / Bitcoin Discussion / Re: what is the spooky crazy rumor circulating about bitcoin? on: January 15, 2015, 01:17:13 PM
Enough of this honeydicking.

They hate us because they ain us
5684  Bitcoin / Bitcoin Discussion / Re: what is the spooky crazy rumor circulating about bitcoin? on: January 15, 2015, 01:15:16 PM
Enough of this honeydicking.

i searched honey dick at google images and got this..



5685  Bitcoin / Bitcoin Discussion / Re: Vicious cycle for miners? on: January 15, 2015, 12:54:53 PM
everybody needs fiat currency not a "virtual" one.

Not everybody
5686  Bitcoin / Project Development / Would this work for credit card purchases of bitcoins? on: January 15, 2015, 12:52:58 PM
I believe the total amount of days allowed for credit cards to reverse a charge is 180 days...

Would someone be able to set up a site where you can buy bitcoins with a credit card, you can see your bitcoin balance on the site. But the coins are not released for 180 days.

This would be good for someone who might want to buy immediately upon seeing a low price, or someone who likes Bitcoin, wants to invest but is not worried about spending in the short term and wants the easiest way to buy some.

The merchant could even put the bitcoins in an address that the user can watch. And they would have to have a lot of credibility and transparency to keep from jumping ship with people's bitcoins at 179 days.
5687  Economy / Speculation / Re: [Trading Simulator] A fun and free Speculation Game [57 participants] on: January 15, 2015, 12:41:37 PM
I think there will be a lot more activity after it goes above the $315 price we all started with.
5688  Economy / Speculation / Re: All the people waiting for the next halving: Please explain on: January 15, 2015, 12:31:03 PM
Only 8000 bitcoins to $1000/BTC
5689  Bitcoin / Bitcoin Discussion / Re: Dude forces his roomate at gunpoint to sell bitcoins! on: January 15, 2015, 12:25:13 PM
Ya, so it was a lot more than just about Bitcoin, drugs and a relationship were probably the main contributors.

As for the hammer, ya it was probably part of a bigger fight. The fact that it came to the guy holding him at gunpoint to sell his bitcoins sounds like they had a lot of fights over money.

Though if they did drugs...I would think they would want to keep their money in bitcoins so they can buy from Silk Road.
5690  Bitcoin / Bitcoin Discussion / Re: Dude forces his roomate at gunpoint to sell bitcoins! on: January 15, 2015, 11:35:02 AM
free market. anger phase. blood on streets.

It was likely in December. His posts ended on Dec. 10th.

From the looks of it, his roomate (Jesse) was on him to give him money for some reason. The dude comes on here to try to get a loan (either to just pay the guy or use it to make money via localbitcoins), nobody gives him the loan so his roomate tells him to sell the 20 coins he does have. Dude says no so Jesse ties him up, puts a gun to his head and forces him to cash it out.

Guy breaks free, bludgeons the guy with a hammer.


Or it could be something else entirely that happened.
5691  Economy / Speculation / Re: All the people waiting for the next halving: Please explain on: January 15, 2015, 11:28:54 AM
a halving doesn't create a bubble - it just gives the whales an excuse to pump and dump the shit out of it.


Because the price is way undervalued right now.

Why should it be so? Because you are believing so? The price is what it is and it's in the correct place otherwise it would be another price. It's totally not under value. It's actually still quite expensive.


We all love it when it pumps but you really should be banned from this section Elwar. Your comments are repetitive and really do not enrich the discussion. You have been talking people all year into holding during the downtrend so please spare us the repetive comments even if it would be pumping now. It's really unbearable. You're annoying the hell out of everyone with a brain.
Go to general section and preach it there ... where i don't have to read it.

Or you could put me on ignore like I did to you.

To da moon?
5692  Economy / Speculation / Re: All the people waiting for the next halving: Please explain on: January 15, 2015, 11:28:16 AM
Because the price is way undervalued right now.

No it is not. Mining costs per coin are in the range of 80-120$ (without the garbage overpriced miners without ROI).


So...mining costs are $80-$120?

But..."miners have to sell all of their bitcoins to cover their costs" -Every bear ever (even when the price was $1000)
5693  Bitcoin / Bitcoin Discussion / Dude forces his roomate at gunpoint to sell bitcoins! on: January 15, 2015, 10:51:50 AM
Holy shit, this is insane:
http://www.dnainfo.com/new-york/20150113/long-island-city/bitcoin-trader-accused-of-murder-was-tied-up-coerced-sell-stocks-da

Quote
KEW GARDENS — A Bitcoin trader charged with murder Tuesday beat his roommate to death with a hammer after being tied up and forced to liquidate his stocks, he told police.

Quentin Capobianco, 18, told police that his lawyer roommate, Jesse Smith, 29, had tied him up with duct tape and zip ties in their upscale Astoria apartment on Monday, and ordered him at gunpoint to sell his assets.

Capobianco told police at least one other person besides Smith was involved in the act.

The Queens District Attorney's office believes Capobianco's account but still hopes to convict him of murder because he escaped his bindings and went to another room where he snatched a hammer and clobbered Smith, his captor and business partner.

“I grabbed the hammer from the kitchen and hit Jessie three or four times until he was unconscious,” Capobianco told the police.

Capobianco and Smith ran a currency exchange business centered around Bitcoin, an online currency, according to government records and Bitcoin sites.

Sources told DNAinfo New York that Smith had argued with the young trader over damage done to the apartment in the Exo building at 26-28 21st St. about 3:30 p.m. Monday before tying him up.

Capobianco's lawyer Ronald Bekoff said it was too early to comment further on his client’s case, although he confirmed that the 18-year-old had a black eye — though he couldn't say how he got it.

Capobianco was charged with murder and criminal possession of a weapon at Queens Criminal Court in Kew Gardens. Judge Elisa Koenderman ordered him held on $250,000 bond.


https://bitcointalk.org/index.php?topic=889040.0
Quote
Up to 20btc available as of writing.
Call Either Jesse at 516 974 4477 or Quentin at 212 390 8093 if you want to make a deal.

https://bitcointalk.org/index.php?action=profile;u=400875;sa=showPosts
5694  Economy / Lending / Re: EMERGENCY LOAN, NYC DELIVERY SERVICE on: January 15, 2015, 10:51:41 AM
Holy crap, this guy must have really needed the money. Sounds like his roomate was on him to get some money.

http://www.dnainfo.com/new-york/20150113/long-island-city/bitcoin-trader-accused-of-murder-was-tied-up-coerced-sell-stocks-da
5695  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 15, 2015, 10:35:14 AM
Bitstamp | Total bids: 3230081 USD. Total asks: 8699 BTC. Ratio: 371.29663 USD/BTC

I tended to keep an eye on the cost of going to $800 on BitStamp over the past year. It was usually around $9 million, went up to $10 million at one point, was around $7-$8 million for most of December.

Now it is at just under $3 million to $800.

I suppose it could just be that many people who had their asks before just haven't gotten around to putting them back up, or they moved their coins out maybe putting them on another exchange.

Either way, it is quite a large drop.


(I started watching when the price was in the $600s...the amount did not change a whole lot.
5696  Other / Politics & Society / Re: Do Atlantis really exist? on: January 15, 2015, 10:23:03 AM
I would say it was a thought experiment by Socrates. Philosophers can more easily get their point across when they talk about a society in a bubble. Because when you add external influences things become more complicated.

So, he creates this mythical city under the water in middle of nowhere when talking about his ideas and thoughts.

People usually talk about some "island" when trying to simplify a societal thought that they are trying to get across. It makes things easier.
5697  Economy / Speculation / Re: 3600 ... coins on: January 15, 2015, 10:19:17 AM
can someone please correct me if i'm wrong but my understanding is that 3600 coins generated is a small amount compared to what it sold on exchanged daily

so when the block reward halfs next year it will reduce some selling but only a small percentage - so just a little less downwards pressure on price

Bitcoin started with 1 user. Now it has more.

I am not sure if every 100% of people in the world uses Bitcoin or not, I cannot verify this.

But the theory is that the rate of adoption might be higher than the rate of inflation. But if we are at 100% adoption then the rate of inflation is like 10% per year that the price will need to go down, until next year where it is 5%.

Has anyone looked at the stats? Are we at 100% adoption yet?

I can confirm we are at 102.6% global adoption.

So Martians are finally getting into the game...

to da moon!
5698  Economy / Speculation / Re: 3600 ... coins on: January 15, 2015, 10:15:26 AM
can someone please correct me if i'm wrong but my understanding is that 3600 coins generated is a small amount compared to what it sold on exchanged daily

so when the block reward halfs next year it will reduce some selling but only a small percentage - so just a little less downwards pressure on price

Bitcoin started with 1 user. Now it has more.

I am not sure if every 100% of people in the world uses Bitcoin or not, I cannot verify this.

But the theory is that the rate of adoption might be higher than the rate of inflation. But if we are at 100% adoption then the rate of inflation is like 10% per year that the price will need to go down, until next year where it is 5%.

Has anyone looked at the stats? Are we at 100% adoption yet?
5699  Economy / Speculation / Re: All the people waiting for the next halving: Please explain on: January 15, 2015, 10:11:37 AM
Because the price is way undervalued right now.
5700  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 15, 2015, 10:08:49 AM
I'd appreciate more dumps... Sepa coming through today... please dump on my face / chest.

Thx

Mine just went through this morning...what happened to the reasons the price went down yesterday? Umm...3600 coins per day! Ponzi? Failed experiment! Come on guys...panic sell again already.
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