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61  Economy / Speculation / Re: Actually btc is going down because... on: September 08, 2011, 12:06:03 AM
If the same number of people on facebook (700 million) end up holding $25 worth of bitcoins each, the market cap would be $17.5 billion. That pegs bitcoins at $1750 per bitcoin if 10mil bitcoins were in circulation.
Yes, and if my aunt had a pair of bollocks she'd be my uncle. Do you really see a future in which bitcoins are as ubiquitous as facebook?
62  Economy / Speculation / Re: Panic Selling To Come on: September 07, 2011, 09:31:22 PM
We've been through this thousands of times. The Titanic is not sinking, we are just undergoing a natural short-term adjustment of the water level, in response to sudden iceberg proximity.
63  Economy / Speculation / Re: Panic Selling To Come on: September 07, 2011, 07:30:27 PM
What? Excuse me mister, what do you think you are doing posting in here without slavish devotion to the cult of the bitcoin? It's the currency of the future! There is literally nothing on this earth that can halt the success of the coming cryptocurrency age! It's going UP, UP, UP!

The trend for the next few months will be downward but I don't think prices will drop as fast as you suggest... There are still many dumb people around, who somehow still have money left to buy bitcoins. You are right about no new money though.
64  Economy / Speculation / Re: [POLL] Where do you estimate the next hype to peak? on: September 07, 2011, 05:08:40 PM
I don't see an option for "sweet FA"
65  Bitcoin / Project Development / Re: Contributors-only forum. on: September 07, 2011, 04:09:32 PM
Are there nude x-rays coming up too? lol

Vladimir, your derogatory remarks here don't look very nice, you know?

You clearly have a conflict of interest - you have your own forum and want people there.

Personally, I wouldn't go to a thread that announces another forum and start bashing their idea to create a separate forum.

But it's just me.
Yes, and you probably wouldn't wear purple-tinted glasses in public either. Vladimir is evidently a man unfettered by banal social norms such as taste and decency.
66  Economy / Speculation / Re: The Log Chart Myth on: September 07, 2011, 03:23:29 AM
So I said investor instead of adopter. I'm such an asshole for that slip in semantics.
It's not semantics at all. Investors have very different motivations than adopters

This is what it looks like when a bunch of investors suddenly jump into a market


Does that shape look familiar perchance?
67  Economy / Speculation / Re: The Log Chart Myth on: September 07, 2011, 03:06:23 AM
But you think selecting specifically for an anomalous series is accurate? It's short-sighted and basically just sounds like early-investory-i'm-jelly syndrome, which is spreading on this forum like mouth herpes at a rave.
Not 'jelly' of someone who wins the lottery. Or someone who gets in on the ground floor of a pyramid scam and makes some cash. In both cases both have made some money against the odds, and can't really claim anything but blind luck. The same goes with bitcoins.

I don't think it's short sighted at all to divide things into pre/post publicity blitz. The 'early investors' came in April/May 2011. Before that I wouldn't describe the people using bitcoin way before that as investors.... maybe 'bitcoin enthusiasts' would be a better term. Do you think the guy who bought a pizza for 20000 bitcoins was an 'early investor'? Hugely different number of people with hugely different motivations = hugely different market, sorry
68  Economy / Speculation / Re: The Log Chart Myth on: September 07, 2011, 01:27:15 AM
The log chart is distorted as it includes history? C'mon, man. That is just retarded. It's relevant to users today in as much as the current price is relevant.

Do you buy stocks by only looking at today's price? Hey, XXX is trading at $23. That seems like a pretty cool number...
You are just retarded

When you look at historical data for a company... that company hasn't changed much in the last few years. Roughly the same number of employees doing the same shit.

The price of bitcoin in its infancy is irrelevant because it had a totally different userbase. It used to be a very small group of people doing it as a nerdy project. Now we have several orders of magnitude more participants, and they have markedly different motivations from the original group (!!!$$$get rich quick$$$!!!). It's a totally different market after the wave of publicity in May-June
69  Economy / Speculation / Re: EVERYONE CALM DOWN on: September 07, 2011, 01:09:56 AM
Of course, you're right..    Tell me o'Guru where should we go now after "cashing out" ?

You must have a better place in mind ?
US$Dollahs perhaps ?  Paypal ? LOLCoins ? Gold Certificates ?  Actual chunks of Metal ?

Oh, you dont have a better alternative that can do what Bitcoin can ? 

Then GTFO and stop crying abandon ship when your best alternative is the empty ocean.
Someone is angry at being the bagholder

I didn't list an alternative because p much anything is a better investment vehicle than bitcoin. Ideally you'd want something that can't lose 80% of its value in 3 months. Something that a human being without crippling mental deficiencies might concievably want to buy from you in the future. A good trick is to browse Ron Paul forums to find out what the libertarians are buying - Purestrain gold, silver, solidcoins etc. - and avoid it like the plague. Libertarians are canaries for terrible financial decisions.
70  Economy / Speculation / Re: EVERYONE CALM DOWN on: September 07, 2011, 12:44:39 AM
If you haven't paid off your sweet rig by now you are a chump. If you already paid it off you are a lucky chump.

We are now hitting the point at which mining is close to the margin of electricity costs. There are no longer big bucks to be made mining. Even with free electricity, payoff will be measured in years. Your 2-year-old ATI cards that have been overclocked and running 24/7  for months are worthless as far as resale goes, nobody wants to buy that crap.

You are idiotically hanging on to the insane notion that ~*some day*~ the price will rise again to $50 and UP UP UP. This is not going to happen. The only way the price can go up is if you can convince new chumps to join in and add a lot of money to the system (but its totally not a ponzi scheme though guys). Limited quantity and divisibility alone do not mean high value. I'm only going to produce a limited amount of shit in my lifetime (~50,000 pc?), and you could slice it into as many pieces as you want. This does not mean one of my turds will eventually trade for $50.

Anyone with any sense is staying away. Anyone without any sense already got involved in the first wave. It's over, bitcoin is a joke that is slowly dying over the course of a few months. The best option at this juncture is to swallow any pride you have remaining and cash out
71  Other / Beginners & Help / Re: So who's buying bargain Bitcoins this morning? on: September 07, 2011, 12:14:05 AM
Quote
So who's buying bargain Bitcoins this morning?
The answer is idiots. Idiots are buying bitcoins right now.
72  Other / Beginners & Help / Re: Standalone Dedicated Bitcoin Device on: September 07, 2011, 12:09:37 AM
BitCyanide capsule. Communicates with MtGox servers via wireless internet connection. Kept in the mouth at all time, with optional suppository version. When the price drops below a certain value - Say, $0.1 -  it releases the contents and you die quickly and painlessly. This will let thousands of spergs avoid the shame of admitting that bitcoin was a worthless ponzi scam all along and not the currency of the futureTM
73  Economy / Speculation / Re: The Log Chart Myth on: September 06, 2011, 11:51:39 PM
You don't need to use a log chart. Simply view the standard price chart

http://bitcoincharts.com/charts/mtgoxUSD#rg60zvztgSzm1g10zm2g25 > set axis to 6-months

Now, you simply apply a Milton-Keynesian correction transform to the market data, like so:



Using this metric it is clear the value of bitcoin has stabilised on the horizontal. BUY BUY BUY
74  Economy / Speculation / Re: EVERYONE CALM DOWN on: September 06, 2011, 11:43:15 PM
lmao you retards think that the market price is dictated by the mining difficulty

mining difficulty varies with the number of chumps that are mining
market price varies with the number of chumps that are buying in

Earlier this summer: there was an explosion of interest in bitcoins
- Lots of chumps bought in and the price rose.
- Lots of chumps also started mining so the difficulty rose.
- The difficulty rise didn't drive the price up

Now:
- Lots of chumps are still mining. Because they don't want to admit the $1200 they spent on computationally advanced space heaters wasn't a great investment.
- Difficulty stays the same or drops slightly.
- No more chumps are looking to buy into bitcoins. Price falls.
75  Other / Beginners & Help / Re: Has Bruce talked at all about the accusations of fraud against him? on: September 06, 2011, 11:28:59 PM
jongood, which one are you?  Huh

This guy?


Or this chap?


Perhaps this gent?


This fellow?


This farang familiar?


This feller?


Hiding behind your glasses?


Just admiring the goods?


Heading back to yours?


Chilling on the couch?


Or possibly even?


In conclusion, Pattaya isn't a seedy place at all, why do you people keep going on about it
76  Bitcoin / Mining / Re: Why 9-month payoffs are still foolish on: September 06, 2011, 03:49:23 PM
Everything is proceeding as I have foreseen...


Emperor... sir... we are receiving a hologram message... from... Tokyo...

77  Bitcoin / Bitcoin Discussion / Re: Beyond Bitcoin: Decentralising other public institutions on: September 04, 2011, 08:01:14 PM
I don't think you understand how medicine works. Doctors have to train hard to diagnose correctly and provide a solution to the diagnosis (You say misdiagnosis happens all the time but this is a fallacy. For every case of misdiagnosis that has a bad outcome such as death there are hundreds, if not not thousands, of correct diagnoses, the difference being that the incorrect diagnoses are the only ones you hear about). Your opinion that doctors have no accountability is also a complete load of bollocks. If people die, the health body will want to know why, assuming you're living in a country with even an ounce of regulation. Fuck, even if it doesn't have a regulatory body because you're living somewhere like somalia, the family of the deceased are gonna be pretty fucking pissed too.

You also don't seem to understand how the free market works. The market only works because experts in their field have the knowledge and foresight to put shit into practice and do it correctly, as well as at an effective cost or rate of return. Getting together a bunch of idiots with no information about how to do anything and then suggesting that they could somehow do the same thing is a load of bunk. It's like suggesting that you could replace one expert in rocket science with 200 farmers and expect them to be able to solve equations about throat diameter and stagnation points on rocket engines from first principles.

Your "fact" about Wikipedia is also pretty much a lie. Wikipedia at this point is considered terrible by most educational institutions, and infact several of my friends at universities have reported that even citing wikipedia as a reliable source of information is likely to get that paper failed (at my universitiy it doesn't count as a fail but they do discard the information you obtained from it). I mean fuck, this can be demonstrated quite neatly by the fact that discussion pages about anime and the colour of ball hair are more popular and longer than articles on serious subjects such as Lift, Drag and Gravity or Medical conditions (which I note, have only been discovered, named, diagnosed and figured out by experts in medicine. I mean fuck, the article on "human assholes" actually had one of the longest discussions of all times because so many people deemed it important to argue about which picture of a human butt should be used on the article.
Firstly, many of the issues you identified are CAUSED by the lack of a free market: in EDUCATION. If there was a free market in education, you wouldn't have the problem of the select few monopolising everything (monopolies are impossible in a free market).
Medicine is particularly bad field for this, the AMA acts like  the most bullying strongarm union there is, competent medical professionals are NOT ALLOWED to call themselves 'Doctors' just because they haven't paid their union dues aka med 'school' fees. These college courses you insist upon are little more than madrassas for big pharma... Opening up the healthcare to the free market with my cryptohealthcare scheme  will:
1. Enhance CHOICE and quality of care. All your traditional doctors will still be around, plus there will be more alternative practictioners. Increasing choice can ONLY improve the quality of healthcare available.
2. Encourage INNOVATION. Significant medical advances made these days are often borrowed from tribal societies (e.g. ear candling, reiki). However these therapies are treated with disdain and slander by the doctors who see them only as a threat to their profit margins! People should be able to CHOOSE which practictioner to use without the government propagandising for one group.
78  Bitcoin / Bitcoin Discussion / Re: Beyond Bitcoin: Decentralising other public institutions on: September 04, 2011, 01:23:05 AM
Wow, it's getting super-critical in here, but if you believe in yourself your idea you have to go ahead anyway.

I have a plan to revolutionize the institution of bitcoin and the institution of collectible My Little Pony toys and figurines.  I'm still working out the details, but the basic idea is to establish a bitcoin exchange that will exchange not only between currency and bitcoin, but also My Little Ponies.

The ultimate goal is to use the ponies as the physical manifestation of bitcoins.  Since in person transactions are difficult in a traditional bitcoin situation, a physical token would often be more convenient.  My Little Ponies are an excellent choice because they are already valuable collectors items with intrinsic value.  Like gold, they are pretty to look at, and are often shiny and sparkly.  

There are a wide range of denominations available, from the rare and expensive flutter ponies:

http://www.ebay.com/itm/MLP-My-Little-Pony-Flutter-Wings-WINGSONG-Wing-Song-/310297260601?pt=LH_DefaultDomain_0&hash=item483f287239

or the My Little Pony McDonalds Complete G4 Set 2011

http://www.bonanza.com/listings/My-Little-Pony-McDonalds-Complete-G4-Set-2011/40390065

To the more common toys you can find at any store for a few bucks.  And that's the beauty of this plan, should you need to quickly convert your dollars into bitcoins there are now locations all over the world where you can do it quickly and easily with no hassle. There is no danger of the supply of ponies running out of control because each generation of ponies is always released by Hasboro on a careful, gradual schedule and only made for a limited time. This is just a general outline of my plan, but every revolution has to start somewhere.

If you would like to donate bitcoins or ponies to help me get started, feel free to send a message!

Your idea is indeed intriguing... not!
Obviously you are Being facetious, but
Still, the basic Idea has merit:
Physical Tokens of bitcoin ould be useful for
Offline transactions... there was some Chat before of using
Silver or gold as 'backing' for bitcoin, i don't know what Happened with that.

These are all some of the stupidest ideas I've ever heard. Wisdom of the crowds only works when people actually have an idea what they're talking about. It takes years of training
to become a competent doctor and suggesting that by asking 200 people how to cure a rare and relatively unknown disease the correct treatment plan will emerge is just plain lunacy.
The psuedo internet thing is dumb as fucking hell as well because it encourages website owners to make their websites as big and ineffecient as they possibly can so that more packets get sent. You can't compete against it because lawsuits against people who infringe on their IP makes them the sole provider for whatever it is they're doing. It's the stupidest fucking idea because it'd directly go against every single fucking thing the internet is designed upon.
Firstly, I'd appreciate if you could be civil. There is NO
need to be rude. These are just some BASIC sketches of ideas I have had, I don't see you contributing any ideas?
 Secondly, it is documented fact that the market outperforms so-called
'experts' every single day. Bitcoin itself values the judgements of 200 'people'
over one 'expert', and that seems to be working fine enough? It's true in other fields too -
see the study where user-edited Wikipedia OUTPERFORMS an enclyclopedia written by a clique of experts.
Thirdly, doctors make mistakes all the time. The problem is that there is no accountability. If an incorrect
diagnosis is offered in my system, it will be swiftly corrected by the market.
79  Bitcoin / Bitcoin Discussion / Re: Beyond Bitcoin: Decentralising other public institutions on: September 03, 2011, 11:33:50 PM
After a monetary system I'm most interested in decentralized internet, which I think could be achieved with mesh networking, and decentralized energy with high efficiency photovoltaics or something like that.
This is a great idea. Instead of having to pay for expensive hosting at a data center (OK its not too expensive, I pay around $20 a month with Dreamhost).... Why can't we develop a protocol through which you could host your own website, from your home internet? Tech nerds, is this feasible? That would really open the web up IMO.
80  Other / Beginners & Help / Re: Thinking of starting an exchange (UK based) on: September 02, 2011, 09:48:50 PM
To be honest, I would find it hard to trust any crypto-currency project lead by someone with a non-Japanese name. Have you considered changing your name by deed poll?

Possible suggestions:
Saruwatari Ayumu
Fujiwara Katsumi
Fukuda Kazuko
Yamaguchi Mayu
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