Funny thing is if you look at it on street view in Google Maps there's two guys standing in the fountain. They be stealing my coinz!!
You don't have to get wet to claim these coins. There's a Pacific Ocean between me and those coins so needless to say, I'm out  |
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Yes. Now is a good time to buy $29 bitcoins.  Current MtGox price: $31.07 If you did buy bitcoins at $29 or higher, I'd keep a close eye on the market. I think lots of people are about to get burned really bad. Once this thing gets moving it's going to be big and affect the market for a long time. We went too high too fast again. A correction is bound to happen eventually and there are some indicators showing oversold right now but I just ride the momentum rather than try to call a top. Most people trying to call the top probably cashed out too early. Obviously this is directed to the day traders and speculators. Those long Bitcoin, just keep accumulating and don't worry about the price. |
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I don't see the benefit of bitcoin online poker over fiat online poker if both are legal. I think the assumption that people would for some reason flock to BTC in this case is overly optimistic.
If online gambling becomes legal in the US nationwide, it's a definite setback to BTC. It's a pretty straightforward case, really.
Let's just hope it stays illegal long enough for the sake of my BTC holdings.
let me repeat what i said below: 1. anonymity 2. fast payout 3. dealing in an appreciating currency 4. provably fair 5. cross border Anonymity is a big feature. Fast payout and with minimal transaction expense. Appreciating currency is interesting, on one hand I can see where the average gambler wouldn't want to have currency translation risk. The odds are already against them betting against the house, to add another level on to that, I'm not sure how that would go over. Then again, they're gamblers so maybe they like the extra leverage (most whales play on credit anyway). Provably fair is a non-issue in terms of large casinos, IMO. They have too much to lose and already make healthy profits with the house edge. A company like Las Vegas Sands isn't going to risk their stock price or their reputation tipping the scales even further in their direction when it's not necessary. Cross border is going to be big as certain states will certainly prohibit online gaming. |
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nevada is nevada. there are 50 more states.
Math fail. |
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The title of this thread reeks of blaming the victim.
The concept of saving was punished out of existence by central bankers.
+1 I feel very sorry for those who are retired or close to retiring that "saved." They'll make maybe 30-100bps on that savings, significantly less than inflation. I'm not advocating people going into debt or spend foolishly, I'm just saying ZIRP is terrible monetary policy. |
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I would use a webwallet like Blockchain. Just transfer an amount you're going to use for frequent transactions, not your whole balance.
I would also suggest a security app like Cerberus. Should you lose your phone, you can lock it remotely, GPS track it, take pictures or video if someone attempts to access your phone, and ultimately wipe the phone clean if needed.
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An imaginary TouchPad from a scammer. Better to learn the lesson earlier than later I suppose (this was probably a year ago).
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I lol'd at your American attitude and how you think the world revolves around the USD. Here in the EU, goods are generally much more expensive. Check the UK amazon alternative and get back to me.. Maybe you should have asked for a loan in Euro then? Your title indicates USD. |
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Funny thing is if you look at it on street view in Google Maps there's two guys standing in the fountain. They be stealing my coinz!!
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Those are pretty cool. I'll keep an eye on this thread, I might be interested too. |
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First request is fairly straightforward. It's a cover of a Journey song that a buddy of mine is asking if I can play at his wedding. If all goes well, I'll probably have more requests in the future. Sent the two of you PM's with details.
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So according to your logic, even if floods are caused by rain, and rain is caused by evaporation, floods are not caused by evaporation. Amazing. No. Lets say that flood was caused by a dam breach. The dam failed due to neglect on the part of its owner. In this case, I would focus on the owner's negligence which was the primary cause of the flood. It would be rather stupid to focus on evaporation. THAT is what I'm saying. So you think you can have fractional-reserve banking without ever having central banking, right? And that you can have central-banking without sooner or later having the deregulation of banking and the merge between commercial and investment banks, right? And that you can have that merge without the explosion of derivatives, right? Well, good luck with your dam. Where did I say any of that? |
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So according to your logic, even if floods are caused by rain, and rain is caused by evaporation, floods are not caused by evaporation. Amazing. No. Lets say that flood was caused by a dam breach. The dam failed due to neglect on the part of its owner. In this case, I would focus on the owner's negligence which was the primary cause of the flood. It would be rather stupid to focus on evaporation. THAT is what I'm saying. |
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The primary problem is not necessarily the biggest in size. That depends on which definition of the word primary you are using. In your case you are using the definition: first in order of time or development : primitive While I am talking about: of first rank, importance, or value Bear Stearns, AIG, and a near systemic financial collapse in 2007-2008 was not caused by fractional reserve banking. It was caused by a run on the Shadow Banking System. You can continue your little quibble but your efforts are misplaced. To use an analogy, we're both standing on the beach, you're focused on the moon and its effects on tide patterns. I'm worried about the giant Tsunami right in front of us. |
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Fractional reserve banking isn't the primary problem we face. This back and forth over what is money largely misses the bigger problem.
The main reason the economy as we know it is in jeopardy is due to the shadow banking system and the use of synthetic credit default swaps and other derivatives. The shadow banking industry is north of $65 TRILLION. It's essentially a giant casino where the spiderweb of derivatives is so entangled that they are impossible to unwind. It's not about debtor and creditor. It's about debtor, creditor, and 5 other players that have no position in the transaction but are making side bets as to the outcome. Buffet didn't call derivatives "financial weapons of mass destruction" for no reason.
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I sold half of my stash the first time the price doubled after I bought a bunch. That means I have no realized loss or gain. I am just neutral. You can't go wrong playing with the house's money. |
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(because a hacked blockchain.info could feed you evil Javascript,...
Their browser addon eliminates that risk, no? yes, but not everyone uses it. There is still the risk on blockchain.info that you have a keylogger on your computer and your backup file gets stolen. The ultimate solution will be a bitcoin account which is insured by your bank, like normal bank accounts. I highly suggest using two factor authentication. This greatly diminishes the chances of your account being hacked and is available from Blockchain.info (amongst other sites). As many have suggested, I use the Blockchain wallet for day to day transactions and a paper wallet for "savings." I have no patience to download the blockchain and keep it constantly synced. |
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Hi ElectricMucus, long time no chat. I would be very very surprised if BTC/USD ratio gets under 20$ ever !
According to my tea leaves, there is a good chance the price will peak soon around $40 and drop to the August price range, perhaps in the teens. After climbing above $20 again, I think you are right, it will never drop below $20 again. Or so says the good oolong. : i think bitcoin is over priced right now and should be in the teens... But it will go up Up UP b4 the market crashes down down down! I say no. everyone can see what you see... bitcoin is over priced because the market went a bit nutty... No it will not go any higher... the market might go crazy from time to time, but MOST of the time it does want it does best, and that is to find the true value.  ok NOW it will not go any higher Eventually you'll be right. Even a broken clock is right twice a day |
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bye bye silver, welcome BTC in the precius "metal"
There is no chance in hell silver as money can be replaced with bitcoin. You see, gold and silver are money and have always been because of their physical properties which make them perfectly suited for being money. Gold and silver are durable, divisible, convenient, fungible and has intrinsic value. Bitcoin does not: it is just internet cash, useful but no more. Gold and silver are perfectly suited for being money? Okay, I'll give you $10,000 for 1oz of Silver if you personally deliver it to me within the hour. Actually, I take that back, I don't want 1oz. Since it's easily divisible as you say, give me exactly 0.98765 ounces in 1 hour, and you have your 10 grand. That's one hell of a deal I'm giving you. Lucky for you silver is perfectly suitable so you should have no problem fulfilling this request. Tick, tock. |
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