Frozenlock just gave the answer that ends this discussion. The blockchain has the potential to become so much more than a ledger that stores bitcoin transactions. Bitcoins however are what gives you access to it. Intrinsic value, right there.
Could you give some examples? I think nerds like to, well, nerd out about the potential of the block chain because it takes a while before you can even wrap your head around what it actually is: a distributed, tamper & attack-proof, eternal, trust-free storage of information. (...) Yup. You could "relatively" easily bootstrap an entire financial sector (stocks, options, etc.) on top of bitcoin and be incredibly secure. All this without the need for massive investment, or even a powerful and corrupt-free judicial system. The price to use this? Transaction fees, paid in bitcoins. |
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The intrinsic value of bitcoin is it's scarcity combined with the fact that you can send it through the internet anonymously. That's intrinsic value right there.
How about: bitcoins give you the ability to use the blockchain. (Because fees are paid in bitcoins) |
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What if early adopters sell their bitcoins?
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Yup. Europeans market have been in the red for quite a few days also... and now the Americans (as in the true definition of the word). Fun times. |
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Are you people seriously trading on these little wiggles?
Nope. Just watching. I find that curiously entertaining. |
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It's rallying down!  |
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Does anyone else think that the DDoS attack was done on purpose to assist the rally?
Either that, or it's a hell of a coincidence. |
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What came first , Lag or Rally?
Rally, almost immediately killed off by the ddos You can't buy DDOS time in less than 5 minutes, can you? |
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if a critical bug is found (...) I might have to change my stance accordingly.
You would need to be fast. Godly fast. |
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And now Bitfinex is out. Good day.  |
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I wonder what caused this lag. The volume really wasn't important.
Somebody added -t while pinging mtgox Usage: ping [-LRUbdfnqrvVaAD] [-c count] [-i interval] [-w deadline]
[-p pattern] [-s packetsize] [-t ttl] [-I interface]
[-M pmtudisc-hint] [-m mark] [-S sndbuf]
[-T tstamp-options] [-Q tos] [hop1 ...] destination
Time to live? |
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I wonder what caused this lag. The volume really wasn't important.
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And now they will be blamed for killing the rally. |
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Gox down for me
Same here. |
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Well yeah, in January. You know, before the price made a little multiplication by ten...  |
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Indeed, I've heard you're officially allowed to enter the circle jerk that makes up this thread. You stop following your own analysis and start expecting bitcoin to go up because well, it's bitcoin! I can't wait till I get to 684!
Not really. Most bears have an old or high number posts account. |
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Your views transform when you post score goes over 684 (currently Posts: 172) it'll change you in ways you would have never consider.
How so? |
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2 cents from the peanut gallery: the bubble of about 2 months ago now completed it's cycle. It came and left. What we have now is Bitcoin returning to it's performance before the bubble happened, with a return to the stability as well. Bitcoin should be about 120 - 130 right now if you follow the trend line that has being going on for over a year.
Bubble grew, then blew up, things are back to BTC normal.
You miss one step: despair. |
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