As fair as calling Mt.Gox "the largest Bitcoin exchange".

In China people celebrate the Bachelor's day at 11th of November, as "1" is the lonelinest number, and 11-11 has got four "1"s, fitting the Bitcoiners' stereotype I guess.

Well, the stamp high was lower anyway. The China high, that's a bit more difficult...

Broken!!

time seems to be nonlinear when we are close to the ATH

CHARGE!!!!

I think it's only when you can't figure out what the heck is going on in your economy that you have a real economy.

The circulating bitcoins have to move ridiculously fast or a large portion of all bitcoins have to be in movement, otherwise it's hard to explain why Silk Road managed to process 9.5 million bitcoins in less than 3 years.

Wow, a one million dollar order!

I haven't figured it out, so the riches are ready to deposit billions of dollars into our several obscure Bitcoin exchanges already? Otherwise what is driving the price higher?

I can't believe I am here again watching Bitcoin price rising towards $266, everything about it seems to be magic.

The problem with this paper, I think, is that it uses a much stronger assumption than Satoshi's, that it's a strictly one malicious miner vs a bunch of honest/profit maximize miners scenario, implying the malicious miner miraculously knows every other miner to be honest, profit-maximizing, yet they know hardly anything about him, while in Satoshi's assumption, you basically mine against a number of peers which are unknown to you.

This makes a big difference from the game theory perspective: how can the malicious miner be sure that no one else is going to copy his strategy, forming a even bigger mining coalition, and force him to become his own strategy's victim and lose everything? He will have to think hard to devise a way to guarantee his success, so that nobody can defeat him in his own game, and work out the amount of hashing power he needs to acquire for such guarantee, after several days of work, he is finally done! And congratulations, he has just rediscovered the old and true "51% attack".

Wonder how many people on this thread/forum will join the non-labor force not too far from now.

$10k seems to be in agreement with the numbers I pull out of my ass, my logic goes like this: If Bitcoin is to be really successful, then we will have enough people willing to run a global payment infrastructure, at the current price, the total revenue these people are expected to obtain from mining bitcoins is about 25*144*220=$800k/day, or about $300M/year, now to estimate how much should it cost to run a real global payment system, let's look at Paypal, whose yearly revenue stands at about 5.6 billion dollars per year, which translates to about $4000-5000 per bitcoin, consider the next halving is about 2-3 years away and the bitcoin miners are expected to do a lot more, I would say $10k/bitcoin is a fair price.

I have never heard about wall street daily, is it even relevant?

Ah, cause and effect.

Gold bugs have been chanting for many years about the collapse of government money worldwide, yet they have made very little inroad, and their gold itself is starting to collapse.

A hero is certainly a product of his time, yet the whole false boom and feel-good hobnobbing might have lasted considerably long if it were not for one man's determination to change everything.

It's a kinda surreal feeling to be able to rally for something that will benefit the whole human race greatly, and at the same time being rewarded greatly for it personally.

It must have been a long time since the two were compatible.

Yeah, that's cool, thanks.

So which distribution do you use to approximate rpietila? The Oct.26 one looks a bit Gaussian-skewed, while the Oct.22 seems very much like Pareto.

I guess the number of BTC0-0.1 people should be much larger, they are just not conspicuous enough.

U kidding me? It was way easier to buy than now when you have to jump through all the regulation hoops.