He's still got it wrong: thinks bitcoin is an IOU and want his "medium of exchange to simultaneously be a store of value". Duh: news for gold-bugs: your criticism of bitcoin applies to gold as well... no inherent value. He has "a problem with trust". Well, you need to trust people no more with bitcoin than you need to trust them with gold. Same thing, just one has longer history, the other has transactional features. |
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Due to lowered shipping cost (in BTC), I was able to lower price by BTC 0.02 (to BTC 1.48) for one coin and BTC 0.05 (to BTC 2.95) for the pair.
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Perhaps we should redesign the version of democracy we are currently using, because it clearly sucks goat balls.
+1 |
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You can type any currency pair you want into the trade dropdown. Speaking of which, can anybody else see my BTC/BTC trade? The client makes it a puzzle to set up the trade correctly, but I don't see a reason it shouldn't work.
BTC/BTC? How do you see that market... I can't see that currency pair. Once I select an issuer of base currency, I cannot change the secondary currency other than by selecting a currency pair from the drop-down which does not contain BTC/BTC. |
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Complete this sequence:
AKMNR ...
FP A knowledgeable miner never reaps fiat profits. |
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Please explain, lucif. What does that "5 looks to be ahead" mean?
Elliott Waves, it's the homoeopathy of technical analysis Haha. Homeopathy works, you just need to BELIEVE! |
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Due to some members of the community voicing their opinions of ZigGap's reputation, a decision was made to postpone the
release of the last 7.5 million shares until we feel the community has accepted ZigGap, and that we have further proven ourselves.
I feel this is a very good decision. How are you going to decide on the price once the time has come? I made some rough calculations (based on a share-price of 0.0001 BTC/share): Given you make a monthly profit of $1000 (conservative?), dividends are 0.62% per month, 7.44% p.a. Given you make a monthly profit of $2000 (optimistic?), dividends are 1.24% per month, 15.9% p.a. Given you make a monthly profit of $3000 (very optimistic?), dividends are 1.86% per month, 24.7% p.a. Given you make a monthly profit of $5000 (ultra-optimistic?), dividends are 3.1% per month, 44.25% p.a. This can be a good investment, even in bitcoin-terms. What are your expectation of monthly profits? I see you're updating current profits daily in bitfunder description. Are you going to keep doing that? |
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protip: only coins in an address which has never spent coins (thereby revealing its public key) can be irreversibly lost. The rest of the coins (those in addresses whose public keys have been revealed) will be trivially claimed by the first Quantum Computers.
Owner of such computer would give a shit about wether the keys are lost or not... he'd just go search for the privkeys of the highest-valued addresses regardless of wether or not someone else already knows that key. |
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Congratulations gentlemen, we've just broken the Bitcoin all-time high.
wooohooooo. I just got up... what a nice morning. Also, I think adams account got hacked, he's talking bullish. |
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50cents away, ~26hours to go, exciting!
what was it again? "32$ wont be reached in feb 2013"? I have a feeling you might win it. The pressure is high, but man some group of people (or personified herd behaviour) doesn't want to see the all-time high broken just yet (maybe they have bets or whatnot). Maybe a good thing. It'll be huge news and it might make sense to time it right for some people/businesses. Of course the bears are hoping the longer this sideways action takes the more weak hands will start to sell and the more people will get nervous and finally shit might go south. I guess many of the traders are hesitant (although volume looks good). A good strategy might be to wait and jump on the train once it moves any which way... I think the explosive potential is much higher to the upside when we break through these mountains of asks at the all time high. The downside looks calm to me... we might drop to 39.x or even lower, but I'm confident there wont be downward panic and price would rebounce quickly as seen before. Why am I writing this... well, I don't want to go to bed and maybe some people are boredly reading this thread so they have a sequence of letters in yet unseen order to look at. |
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Why doesn't Ripple offer GBP/BTC pair its the third largest currency that BTC is traded in and if Ripple is targeting bitcoin users to get this project jump-started then it'd be a good thing to offer users. Also can anyone answer this - https://bitcointalk.org/index.php?topic=38711.msg1564551#msg1564551 - This might sound stupid but does anyone know how to withdraw GBP IOU's to Ripple from Bitstamp using BTC  What do you mean by "using BTC"? Can't you just simply withdraw GBP from you bitstamp wallet to your ripple wallet? |
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I plan on spending my normal amount per pay period on BTC as it comes up so....
hehe. I just misread this as "I plan on spending my normal amount per day period in BTC" and thought you might be an early miner who decided to spend 10 BTC every day for the rest of his life and see what this ends up doing to his lifestyle. |
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Was denkst du dir eigentlich?
Glaubst du du kaufst für 200€ Coins und die sind dann millionen reich?
Selbst eine verdopplung des Vermögens ist schon extrem krass und gerade so mit bitcoins möglich.
Kauf für 10.000€ und freu dich wenn du nach 6 monaten plötzlich 20.000€ hast. aber mehr ist nicht drin.
Das seh ich ein bisschen anders. >100% "Wert"-zuwachs (in EUR gemessen) sind bei Bitcoin durchaus drin. Es wurde ja kein Zeitraum festgelegt. Die letzten 12 monate zeigten einen zuwachs von ca. 400% (von $6 auf $30). Was ist jetzt daran so abwegig? Ich sag ja nicht, daß sich die 400% wiederholen 'müssen', die Möglichkeit aber rigoros auszuschliessen zeugt doch wohl von mehr als nur Mangel an Fantasie. |
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Let's make it even simpler. How many of you have ever felt betrayed by a brother, sister, or even parent?
Ripple doesn't make anyone more or less trustworthy. One of its primary functions is to level the playing field currently dominated by banks. What Ripple does in terms of evaluating trust is offer a transparent record that is resistant to manipulation. It creates an environment where there is a strong incentive to be responsible. Avoid knee-jerk reactions that attack, ask questions to learn  Well, just one simple question, how do I figure out my level of trust of Carol if, let's say, my level of trust of Bob is 50, and Bob's level of trust of Carol is 50, yet I don't know anything about Carol at all? If I can only issue and receive IOUs from people I personally know, then perhaps I don't need Ripple IOUs at all, as we can already do things with pen and paper, and they are actually more versatile in this aspect. Bob can exhange the Carol IOUs to Bob IOUs (Ripple should do this automagically). That's how carol can give you money without you needing to trust her directly. The resulting effect will be that Bob owns some Carol IOUs and you own some Bob IOUs. Noone trust constraint were violated and all is fine. Above is how it could work in a "personal banking" environment. Currently ripple devs seem keen to point out that it would make more sense if everyone just trusted bitstamp and/or weexchange. What do you mean by "automagically"? In what way is it automatic/automagic? Do I need to get Bob's explicit, informed approval when I lend money to Carol? And what would happen if Carol defaults? Thanks. By "automagically" I mean that ripple searches for "trust paths" to make Carols payment happen. In this case the path involves Bob. I'm no expert on ripple, but the way I understand it explicit approval from Bob is not needed. He implicitly agrees to this by trusting Carol. In case of a Carol default, you still own Bobs IOUs, he has to deal with the Carol default, because he owns her debt. |
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Let's make it even simpler. How many of you have ever felt betrayed by a brother, sister, or even parent?
Ripple doesn't make anyone more or less trustworthy. One of its primary functions is to level the playing field currently dominated by banks. What Ripple does in terms of evaluating trust is offer a transparent record that is resistant to manipulation. It creates an environment where there is a strong incentive to be responsible. Avoid knee-jerk reactions that attack, ask questions to learn Well, just one simple question, how do I figure out my level of trust of Carol if, let's say, my level of trust of Bob is 50, and Bob's level of trust of Carol is 50, yet I don't know anything about Carol at all? If I can only issue and receive IOUs from people I personally know, then perhaps I don't need Ripple IOUs at all, as we can already do things with pen and paper, and they are actually more versatile in this aspect. Bob can exhange the Carol IOUs to Bob IOUs (Ripple should do this automagically). That's how carol can give you money without you needing to trust her directly. The resulting effect will be that Bob owns some Carol IOUs and you own some Bob IOUs. Noone trust constraint were violated and all is fine. Above is how it could work in a "personal banking" environment. Currently ripple devs seem keen to point out that it would make more sense if everyone just trusted bitstamp and/or weexchange. |
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How would I technically go about exchanging my bitstamp IOUs for -say- bitcoin-central IOUs?
If you want to redeem those IOUs through bitcoin-central, you can just go through bitcoin-central's withdraw process. The IOUs will be exchanged during the payment process. Otherwise, you should first drop the credit you extend to the issuer whose IOUs you want to get rid of to signal that you want to get rid of those IOUs. Otherwise, you may just get them back immediately. This will also hint to other people that you prefer bitcoin-central IOUs to bitstamp IOUs. Other people who need to go in the other direction will then preferentially use you, giving both of you the IOUs you prefer (this isn't fully implemented on the network yet but should be in the next week or so). That way, they pay some of the fees. To actually force the IOUs to change without making a payment to someone else, you'd need to either take an offer with the same currency on both sides or create a circular payment path through someone else that pushes IOUs back to you. (Or create a payment transaction that does some combination of these.) I don't believe either of these are supported in the client yet. I see. So basically currently I would have to make transactions. I tried looking at an orderbook with the same currencies on both sides, but that didn't seem to be supported. It's good to hear this is just a limitation of the client. |
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If we could get the DOW to rally 150% in just two months, human beings would perhaps have already landed on some planets near Alpha Centauri.  or US stock market is the world wide best performing market like Zimbabwe stock market was in 2008 Haha. You fucking nailed it. |
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Different question. I've granted 0.6 BTC trust to bitstamp and hold 0.3 BTC/bitstamp. I was fooling around and dropped my trust to bitstamp from 0.6 BTC to 0.2. My account showed that I still held 0.3 BTC/bitstamp, exceeding my trust limit. Shouldn't lowering trust levels below existing IOUs owned have triggered some process whereby 0.1 BTC/bitstamp was immediately returned to bitstamp and converted into BTC, thereby bringing my balance in line with trust granted?
"If I tell the system that I don't trust bitstamp to exchange my BTC IOUs for real Bitcoins, should Ripple automatically trust bistamp to exchange my BTC IOUs for real Bitcoins?" Of course not. If you don't trust them, the last thing you want to do is destroy the IOUs you hold and trust them to actually send you the Bitcoins since that is exactly what you just said you didn't trust them to do. You can use those IOUs to make Ripple payments and exchange for other IOUs and nothing Bitstamp can do can stop you. You can let other people take those IOUs from you and in return give you IOUs from issuers you do trust. If you don't trust them to redeem them, that's what you want to do with them. If you do still trust them to redeem the IOUs and are lowering the trust because you don't want to acquire any more IOUs (maybe you're switching gateways) or fear that they'll stop redeeming in the future even though you trust them now, you can follow up by withdrawing the IOUs using the gateway's normal interface. How would I technically go about exchanging my bitstamp IOUs for -say- bitcoin-central IOUs? |
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Couple of players are trying hard at suppressing the rally I think.
Media will cry bubble if we climb from $13 to over the high in a couple weeks... so take a pause @ 29-30ish for a bit before breaking it, show some "stability"
:p
not too bad of an idea when you think about it. |
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