Are they having a daily Bitcoin post now?  I swear this is the 3rd "Bitcoin on Slashdot" thread I've seen. |
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Has anyone else noticed a correlation between price stability and the noobs/trolls being gone?
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My landlord is an forgetful, old lady. This is never gonna happen.
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real businesses and trade will not be possible until it is stable. So yes, I think it would be a good thing
There is also an inherent volatility when the prices are low. For example, if I want to buy a $10,000 car using Bitcoins, and it is only 1 Bitcoins per dollar, then by nature that will extremely disrupt the market to do the conversion (in this example am converting currencies in addition to car purchase). People are only going to be converting 20-80k Bitcoins per day no matter what the price is. So this 20-80k Bitcoins will have to accommodate the cash flow of millions of dollars or the market will go berzerk. |
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I was wondering what happened.. it seemed like the average IQ of this forum went up about 20 points in the last week. Keep the trolls out. Its not hard to get 5 posts or 4 hours accumulated.
I used to act much more like a troll here until other people magically stopped. It's funny how that works. |
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Oh wow. I hope this doesn't start a negative press storm against bitcoin. It does not deserve it. I know I was just thinking the same thing!  Hopefully it doesn't. To bad they accuse you of being a troll? I mean really? Yeah. I will be vindicated in the end. I am a fool for losing my bitcoins, but I am no troll! Don't worry, karma is a bitch. After you die I am sure you will haunt his house and make his pots rattle. |
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The problem is that when the prices become too stable, Bitcoins seem more attractive which leads to the price increasing. Might not be a "problem" exactly.
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I understand that user friendly interfaces and online systems will be set up in the near future, clearly there is demand for them, however I (and many people just like me I assume) want bitcoins now. Therefore need to learn how to use the current system properly.
If you want to use bitcoins now then you need to learn some relatively-technical stuff with risks of screwing up. Otherwise just wait until people do lots of work making user-friendly and accessible interfaces. |
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Everything in the future will be done through popular and trusted web interfaces or mobile apps, and handled in remote servers, a.k.a. "the cloud". Right now it is very developer-ish.
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Miners seem to dump when the price is rising *too fast* rather than the slow, methodical, monthly doubling. |
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This thread made me wondering two things:
1. What is Libertarian's way dealing with thievery? If seeking intervention from authority is not an option, what else you can do?
2. If police somehow finds this thief, for $500K, what kind of prison term will this guy face in US? Russia?
A Libertarian would march their private army to the thief, capture him, and hold a trial under common law. |
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This is a very great point, one that I've considered myself. However, if most of these miners see a future value in Bitcoins, they will tend to sell less. So the price is less likely to drop as long as most miners see a positive outlook.
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It's not mainstream until it's on the front page of drudgereport.com.
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Price limits, circuit breakers, these things don't stop market forces, only delay them. Just let the market trade, you know - without regulation. Bitcoin should be traded as freely as the currency itself.
I agree for the most part, however also consider that exchange rate volatility is a strong disincentive to creating online stores. |
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 Like this. |
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Anyone? This is what I don't like about this place, everyone clings onto their BTC and won't let anyone else have it.
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Who could possibly want an electronically transferable, non-dilutable, low-friction, counterfeit, loss and theft resistant, discreet online medium of exchange?
Al Qaeda. |
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