just watched this talk by doug casey: http://www.youtube.com/watch?v=ryD5lqRM-Tw (I think it was posted here but can't find the post). Watch that video (especially the 2ndish part about getting yourself and your wealth out of the country). Then look my avatar straight in the eye and say: "Bitcoin is in a bubble". the thing with Rick Rule; if he wanted in he'd have to ask for help. and if he asks for help and doesn't want people to know he'd have to ask for secret help......seems hard I'm sure people like Trace Meyer would understand the need for secrecy and help discretely. and to knowingly get in he has to have people working around him that also trust bitcoin as an investment.
My market cap point is that bitcoin is small. and if he invested as much as he'd invest into a company with similar market cap, he would send shockwaves; so I wouldn't think he'd do that and if investing less then its LESS worth it to get in......therefore...maybe wait until bitcoin looks more secure
Yeah, this makes sense I guess. Maybe this whole thing is a continuum. Bigger and bigger (and increasingly risk-averse) investors come in while (and because) the "capitalization" is growing. Bitcoin might be too small yet for the big fish, but fish come in all sizes. |
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just watched this talk by doug casey: http://www.youtube.com/watch?v=ryD5lqRM-Tw (I think it was posted here but can't find the post). Watch that video (especially the 2ndish part about getting yourself and your wealth out of the country). Then look my avatar straight in the eye and say: "Bitcoin is in a bubble". just what does your avatar mean? It's the flying spaghetti monster. I'm a pastafarian. |
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This is interesting. and FUN! I still dont fully get it all but I'm selling 420 XRP's on Bitmit as a Favor to anyone who values them at the random price I set. In this vain, Im willing to pay 420 XRP's for 1 FAV. Any takers? https://www.bitmit.net/en/item/18988-420-ripples-to-get-you-started-420-xrpsNote: you dont have to buy the 420 from bitmit. Send me the FAV and Ill send you the XRP's I get that BitMit is not a proper Gateway, but why not sell your XRP and even FAV's on the site so people will know about them? Link back to this forum post? If you would like to sign up on BitMit to sell anything, use my bitmit referral link and Ill Send you .1 FAV's or 420 XRP's or 0.007BTC http://bitmit.net/en/user/drew/?ref=2063My ripple addy is: rsZvcvACPWoTN2Eazzb5radzQX18s3DuK8 how can I create my own IOU? I would like to create a BER or a DRK You can enter text in the dropdown-boxes. Then you can extend trust to people in, transact and trade your own currency. |
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Received mine today.
Arrived in perfect condition in small plastic baggies. Look very awesome!
Nice work Casacius and pleasure doing business Molecular!
Cool, thanks for the info. Pleasure's all mine. |
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If you think so, you could place a BID at 39. Then tomorrows trading range will be centered around 39. If you think 39 is too low, then you should be happy if the bid is taken.
That's true. Thanks for the hint. |
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how are we going to get for example BUM3 going? The trading range is 32.139 - 39.281.
Who in his right mind would place an ASK at 39.281?
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No prob.
Done.
YHPM.
payment and shipping address received. coin packaged. will send tomorrow. sent, PMed tracking-# |
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Also, I'd love to see more understated design options. The giant cartoony look is a bit loud for my style. Handsom, clean, smart. I'm guessing I'm not the only one. You're probably already working toward this, but thought I'd mention it anyways.
Exactly. Don't wanna be running around like a teenager with huge screaming comic stuff on my shirt.  |
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I wish I could get a loan so I can buy bitcoins.
I've always thought that was a bad idea. Oh and: isn't "the third way" something about abolishing interest? |
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If you can't trust anybody at all, you can't use Ripple.
That sounds horrible.  Let's look at a case: Egyptian dude working in Hong Kong want to send money to his loved ones back in Egypt every month. - With bitcoin: Dude uses a China-based currency exchange. Wires his HKD from the paycheck to that exchange, withdraws bitcoin. Sends bitcoins to his wife in Egypt. She uses maybe some dude she found on localbitcoins.com to sell the bitcoins for local fiat currency EGP.
- With ripple: Dude uses a China-based ripple gateway. Wires his HKD from the paycheck to that gateway, withdraws HKD to his ripple wallet. Sends EGP (implicit currency conversion) to his wife in Egypt. Wife in Egypt uses "Alexandria ripple gateway" to redeem her EGP to paper notes.
I don't see the difference in required trust. |
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congrats on owning one of the most trustworthy BTC IOUs in ripple.
To redeem, post a bitcoin address here, then transfer the IOUs to me.
Returned your IOU, tx_id=604D0E0109944EBB78B06CB186076D3D9A97C0F4DB4888A6A2CF70289C2CF185. Interestingly, the path it was sent through was quite long: rnZoUopPFXRSVGdeDkgbqdft8SbXfJxKYh → r3t5JvXF6rChFs4kCFe44a3h4eQdxmPo9a → rGwUWgN5BEg3QGNY3RX2HfYowjUTZdid3E → rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B → rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B → rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B → rpH3zuMch2GrrYX724xGWwbMGwiQ5RbSAU I understand this is because molecular doesn't trust me directly. My bitcoin address: 1ArviCCoWxAPBYwQKyBnRsD3iPdxpJgJyS reddemed, txid: 58d982dc0ddaa261e386148bdddc15dc166990a104d80f2d3cdb7390a61981b3 EDIT: Actually, I don't understand why it couldn't have been sent directly. I don't need to trust you at all. It's a molecular IOU and it shouldn't matter where it comes from. I obviously implicitly trust my own IOUs, otherwise I wouldn't have accepted it from rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B either. |
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If you look at daily candles you can see 3 consecutive bull flags (on after move on feb 14th, one after the move on feb 19th and the current one in progress after the move on feb 28th).  See the volume on feb 16th? Pretty low, right? Based on this I think it's quite likely we will get a nice jump sometime around wednesday next week, maybe after a pullback on monday. Of course, past performance is no indication. I doubt we'll go sideways for much longer than 3 more days and volume will also pick up again, likely monday. |
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No, trusting me with 1 FAV means I can owe you one. I could now send you one (FAV IOU) because you trust me to give it back, then you would have +1 FAV. I would then Owe U 1 FAV. To have -1 FAV you have to send 1 FAV to someone who trusts you. EDIT: what's your ripple address. I wanna trust you with returning favors. |
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Your transaction failed to clear, reason: Missing/inapplicable prior transaction.
Getting this when trying to send my fake currency, maybe they removed the capability of it?
had this one before. try reloading the page an logging back in. |
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Sorry for this may be being an offtopic. I was wondering what are the possibilities of BitFunder following the same way as GLBSE did. Is it a real possibility ?
This might even be inevitable. I'd also like to hear some words on what has been done to keep it running for as long as possible. |
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Was just going to report my freshly git-pulled client wouldn't syncronize (restart and selected other servers for half the day now), when it suddenly worked. I noticed an exception on startup (when it didn't work), which didn't occur when it worked. Exception in thread Thread-3:
Traceback (most recent call last):
File "/usr/lib64/python2.7/threading.py", line 551, in __bootstrap_inner
self.run()
File "/mnt/maui/home/nick/bitcoin/electrum/lib/wallet.py", line 1203, in run
self.wallet.receive_history_callback(addr, result)
File "/mnt/maui/home/nick/bitcoin/electrum/lib/wallet.py", line 615, in receive_history_callback
if not self.check_new_history(addr, hist):
File "/mnt/maui/home/nick/bitcoin/electrum/lib/wallet.py", line 1045, in check_new_history
for o in tx.get('outputs'):
AttributeError: Transaction instance has no attribute 'get'
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Placed a bid for 1 FAV. Let's figure out what the market thinks a favor from molecular is worth!
If anything it would put a value on "a favor" in general. I'm not so sure about that. I don't trust anybody else's favor IOU's. If I have a molecular FAV IOU, I can ask you to honor it in exchange for a favor, same as anybody else who holds it. If somebody else trusts you, I can ask them to do something in exchange for my molecular FAV, which they could then ask you to honor. But that's very different from having a balance between the two of us, for which I would have to do a favor in return. In a related problem, it seems like the issuer of a FAV is very important, and different FAV's are far from interchangeable. Let's say I save the world, and Barack Obama says "Thanks moocowpong1, I owe you one. Let me Ripple you a FAV." Unfortunately, I haven't extended trust to him yet, but I do use FAV's to keep track of yardwork, beers, and other miscellaneous favors with my neighbor Joe Schmuck. Ripple finds the path POTUS -> Joe Schmuck -> me. I end up with Joe Schmuck owing me a beer, and Joe can call in a favor at any time from the leader of the free world. This doesn't seem quite fair. It seems like there are times when payments shouldn't "ripple". It's great for interchangeable and fungible commodities, but not necessarily things like favors, hours of work, and sex coupons. I'm not entirely sure what the right way to fix that is. Obama could've given you 100 FAVs. That's one way to keep them favors fungible. It seems in no time are we going to be back to "normal money". |
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No no no.
CDT represents coding time. the IOU is redeemed when the work is completed and accepted by the employer.
Coders only SELL CDT (for EUR, BTC, USD, whatever), they don't buy it.
The idea us transform ripple into a freelancing market, where you sell your time directly, exchange-style.
But: there are different qualities of coders. |
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I just tried to send between my two accounts a made up currency, it says it was sent and no history here either. Also on the other account, nothing ever arrives.
This happened to me the first time I tried to send 1 FAV. The tries after that succeeded. |
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Explained Bitcoin to a room full of people last night.
It went from "Why would you want them, who backs them, isn't this a ponzi?" To "Where can I buy some?" in under 15 minutes.
congrats. how? Let me guess, it was at a "anonymous weed user" meetup? Ah, no. That would've taken only 1 minute. LOL! Nah, it was actually a room full of mostly southern people that were over 50. As to how, I grab a piece of paper and start drawing out how it works. I tell them to stop and ask questions at any time. It's the 4th time I've done it this way, made believers every time. I used to work at Circuit City when it was still in business. If I could sell worthless Monster HDMI cables, I think I can sell worthwhile Bitcoin. what? you explained asymetric crypto, proof-of-work and mining incentive system all in 15 minutes? Took me 2 hours last time and plenty of beer. Made 2 believers, though. |
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