There is no support below $115, until about $95. I am still selling the puts, with the strike at $115, and break-even point at $95.

No bitching about escrow. Everybody who has BTC100 trusts me with that amount, and if not, you can use John (John K.) or zeroday, and pay their fee of about 0.5%.

The greatest LMAO is that the put is structured such that you actually need to sell me the coins. Fiat play is so last season  

I don't give a shit of bitcoin going to $0.01 unless I am able to buy as many as I want at that price.

Ah sorry, I included the face value of the coin also. No, I don't plan to buy more of the gold coins (not loaded, at least ) but I want to buy quite many of all the other coins.

Accepted.

This conference was originally thought to be organized in early-mid June in Greece. We had already some planning going on. But things develop quickly, and these things (Dealer Network, Supernode, Real Bills) are very important for bitcoin to reach 6 digits by Christmas. They just need to be done, otherwise the infrastructure won't be there. (Can you imagine $100 billion dollars deposited in MtGox, I can't ) Therefore,

I am the sole culprit for the following:
- Inordinately short lead time (of 2 weeks(!)) from invitation to meetup
- Undercutting the San Jose conference by a week - yes, that was intentional, since the same week was off-limits, and one week after nobody would have attended, etc.
- Because of the above reasons, I retained it here in Finland to make sure it will succeed despite of the risks associated with shooting from the hip.

The part about mobile phones kind of proves it. There are some techs, such as Twitter, which did not reach more than 2% of the population, yet continue to be current for that subset. Yet, Bitcoin is now used by about 0.01%-0.1% of world's population. Even if it never makes big, it is hard to comprehend that someone who actually used Bitcoin, would cease to use it.

Everything I see, is now pointing to a rapid mass adoption in 2013, which means that the price will overshoot to $millions range in a speculative bubble, coupled with hoarding, and no easy means yet available to augment the supply with instruments with limited monetary privileges (i.e. "real bills" and the like).

Even if I am wrong, $5000 by Christmas is hardly improbable. $100, never. That would mean that Bitcoin's usage would stall in 0.01% of the world's population, and nothing is pointing to that direction. It is growing right now, I estimate anything between 10-30% per week, and we leave the math to the reader.

So yes, I believe all "legit" bears have sold their coins for a fiat profit, and are now minding their own business somewhere else. This forum is frequented by professionals and their sockpuppets, where the professionals speak mildly bullish statements, and the bears that they employ, speak FUD. All this is just to mask the fact that the pros want to accumulate as many coins as possible. Mathematically and psychologically, bitcoin can never stall in any value short of $100k at least.

I am not a very big potato in the grand scheme of things, but even I can see this much. Seeing it is just the beginning, the next level is realizing that we are all going to be so very rich; now what do we want to do with the money? This is why I am posting. There was this thing called "integrity" in the 1800s, and not much of it could be found in bitcoinworld in 2012. It is coming back, thank you for your time.

Is this the same guy who complained about the luxury in my summit...?  What was the talk about the speck...

I will drop a PM soon if you are interested in selling to me also, coins for about BTC1500.

MPOE-PR did reply with insult, so I deleted it and acknowledge the fact here.

(Almost) every time I read Trilema, I think, "wow, this guy is up to something".

(Without almost a single exception) every time I read MPOE-PR, I think, "but he cannot be, if he actually pays for this shit to be posted in his name".

You are welcome to bid a lower price, or specify your bid in relation to the latest Mt.Gox price or absolutely whatever (by PM). I will now take some fresh air and my dinner should also be ready eventually.

It is fully specified, read above. Escrow (John K./zeroday) ok for the premium amount. Buyer pays all escrow fees.

Isn't this the place to use all of your verbal wit to talk the price up?

Umm.. more like:

How much you asking for the gold coin? PM ok.

i said it before and i'll say it again, arepo, I am all in since I don't believe these prices will last long. The offer above is the best I can do. The conference is there to replicate me into 15 copies, so that the world will have more fun and less need to be afraid of bitcoin going down.

If you are so sure of that bitcoin is going down, all you need to do, is:

- Pay me BTC100
- Make sure you have enough fiat to buy BTC500 when you believe it is time to sell them to me
-  
- Profit

What a sorry douche you are, not possessing even BTC100 and understanding that if you did, you could easily call me on this one. Now all you can do is drool on your keyb,

Dixi.

Or, a fail. Since what he is predicting is a fall in the exchange rate.

Unfortunately for him, even if he does not give any timescale, he can still be wrong on this one. Which is duly pathetic.

I, for example, don't think we will see $115 ever again, and for this reason I am willing to write the following puts:


---------------****************************************************************************************----------------
THE BUYER OF THIS PUT OPTION IS ENTITLED TO GIVE BANK ACCOUNT DETAILS, WHICH WILL BE USED AS FOLLOWS:

RPIETILA WILL BE BOUND TO SEND $115 USD TO THE BANK ACCOUNT SPECIFIED, SO THAT THE WIRE CLEARS NO LONGER THAN 7 BANK DAYS FROM THE RECEIPT OF BITCOINS IN THE ADDRESS:

1PtQHwwwucuRno6HfyGTemrQCgoSn5F4Hw

THE BITCOINS WILL HAVE TO BE SENT IN LOTS NO SMALLER THAN BTC250, AND ANY BALANCE OVER BTC500 WILL BE KEPT. THEREFORE THE MAXIMUM USD THAT RPIETILA IS BOUND TO SURRENDER IS $57500, IN EXCHANGE FOR THE RECEIPT OF 500 BITCOINS. THIS AGREEMENT IS IN FORCE FOR BITCOIN TRANSFERS EFFECTED ON OR BEFORE 30. JUNE, 2013.
---------------****************************************************************************************----------------


The above is an example text, the actual option will be some sort of verifiable private communication.

Takers, bids?   For BTC100 I can sell right away..

Please do not use the following address for anything except to send the premium of these puts to me, according to further private communication between the buyer and me, the writer:

16nGk9anaXxJiGY48u9gtzmibAYhVWdyCd

If the Bitcoin protocol goes beyond repair, we will develop a new coin, and the party will continue. I go to have a bath in the spa and then some dinner, see you in 2 hours!

That is correct. And as they do, they create a ripple effect which increases the bitcoin adoption, and increases its price, creating a virtuous cycle.

The fact that Casascius coins, quality weed, hotel rooms, world class office space, champagne, etc. will start to command very high prices in the immediate future, is in no way a detriment to the continuing adoption of Bitcoin. The prices will just effect an increased production of these types of goods and services, and there will no more be need to produce lower quality stuff at all, since nobody is willing to use it, no matter the price.

There is a conference dedicated to all this, and you are not yet enrolled.

I think Goat is being very reasonable.

Well, since I think the number of bitcoins is important, and not the price of them:

- I have already invested all I have, in bitcoin; a BTC500 worth of puts written is the most I can do today.

- I could not care less if it crashed to $10; probably I would just work a little more (to earn more bitcoins as I can earn more per hour), and spend a little less time just living luxuriously for the testimony (which is the more expensive, the lower USD/BTC rate is, as costs are measured in dollars).

I will soon go to the spa wing. Nobody bit the offer for cheap puts

There is time to brag and there is time to speak plain words. Now, some of the latter kind:


To the "PTB of bitcoin":

You understand that what I am talking is true, but are afraid that it will somehow ruin your plans. It won't. The most important thing for you to understand is that you cannot destroy bitcoin, and I cannot destroy it. Therefore it will not be destroyed. Either of us can keep it going indefinitely. Any supernode can do it. MP can do it, alone, if you and I both fail.

You currently have a lot of bitcoins and there is nothing in this world that can take them away from you. Taking them from you is not even my intention. I have rather few bitcoins actually, compared to many of you. But even I have enough, the bulk of my bitcoins I plan to never spend. There is hardly a day, when I don't make more bitcoins, despite the great level of spending that I have.

This is because of the fact that I am cool, and most of you are not. If I spend bitcoins, the universe is busy giving them back to me. If you spend, they are gone. Or at least you are afraid that they would be (try it - you may be wrong ).

I don't believe it needs to stay this way - coolness is a trait that one can develop. One of the ways to develop it, is to spend time with cool people, such as me. I personally invited many of you to my summit, and I plan to have a good time there. If you would send 2-3 delegates, I believe the reality would hit you not nearly as hard, as it will, if none of the big names is present to relay the information to the current powers.

TL; DR: You will continue to have the bulk of the bitcoins, but it does not do much if you cannot spend them in a way that it brings good to all of mankind + replenishes your stack. The word "miser" is derived from "misery" for a reason.



To MP:

I cannot understand why you continue to bully your inferiors and not speak kindly (as I do), towards all who want to understand. You only posted me a proof this week that you actually have a PR lady, until that I had thought you are a schizophrenic. Your PR is not doing a good job, if I were you I would think again how to present yourself to the world. I do not believe your business is worth 700,000,000mBTC and mine is only 400,000mBTC. As I speak the truth in kindness, and you don't, the valuation of your business will decline and mine will increase. You understand all this, so I await for a change in strategy or the continued decline of your importance.


To the enthusiastic public:

Buy bitcoins with all the spare cash that you have, NOW, and continue reading this thread. It is more important to buy now, than it is to buy with a lot of cash. If you have $1, go to work and earn $10, and then buy bitcoins. If you have $100, do not go to work but buy bitcoins now. Then go to work, earn $1000 and buy bitcoins with that.

Before the year is over, wonderful things will have happened. In 1998 I was in senior high school, and we started the school year with two people in my class having a mobile phone. They called each other and the rest were quietly ridiculing them. After 9 short months, everybody except two (of the class of 36 people) had bought theirs, and only two were still considering. Bitcoin will do the same, and since there are certain things in the universe that cannot be altered, it will develop a price bubble:

When the actual adoption of Bitcoin (which is currently between 1-5 million users) hits 100 million users, bitcoin price will have risen a lot, and by "a lot" I mean that it goes to several million dollars per bitcoin. It will happen before Christmas, this year. No, not in 2016. The rate of the adoption of new ideas has constantly shortened, and bitcoin has a trait that most of the cool new stuff don't have, it makes everyone who enters in, before the mass adoption threshold of about 2% of the active population, stinking rich. This alone would fulfill the phophecy to its brim - and it is just a bonus, since the bitcoin technology is a world class invention even without that property.

Do not buy any bitcoins over and above your immediate transactional needs, after it hits its long-term sustainable value of $300/mBTC in current dollars. Or prepare to sell them at the bubble top at least.


To the doubters:

Read what I wrote to the "enthusiastic public" and decide accordingly.


To the bears:

You may think it is cool to spread FUD, trying to delay the mass adoption and enrich yourself in the process. You are wrong. It is not cool, but the opposite (lame). Also you are not really getting richer, and you know it. The ones, who are now actually getting richer by lying, are competent enough to get richer while speaking the truth, and they have enough bitcoins, and time in their hands to come to my summit and learn how to do it.


To the delegates:

After this post, I will concentrate on developing your capabilities on running a supernode of your own, and not so much talk in public or troll in this forum. Expect a change in my priorities, effective some time during the next 96 hours. And decide your service level according to my previous post, I will soon get back regarding that.


To the potential delegates:

I can easily imagine that the summit is worth your time and ticket price. If you don't, then don't attend! A certain level of imagination is required, and if you don't have it, you're wasting your time.

If you do, the tickets are still available below cost, and we are going to have a good time there*, so why wait!

*) Actually "here" since I moved my presence to Haikko already today. The Manor House (pictured) is undergoing the largest renovation in its history, and we will be the first guests there when it opens next week with its butler service. I am currently staying in the conference wing suite, which satisfies all my conditions except the height of the ceiling.)


Thank you for your time