It has happened about 3 more times in the last 20 minutes.
It sure is comforting that Mt. Gox still can't execute orders properly. Sorting numbers have been considered a solved problem for, well, quite a while. |
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I've mixed up sell and buy with goxsh, but that was during intense spikes, so you can't lose as long as you do the opposite a few seconds later. |
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Another indicator is hater activity. When things look grim they come out of their cave to rub it in our face, but when there's positive development they're more hesitant to reiterate their doom and gloom prophesy.  |
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You must have really cheap power to still be mining at these prices.
Why should the current price matter if he's holding? Why should the price matter to enthusiasts at all? My computers ran SETI@home for over a decade, and no-one paid me for that. |
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Bitcoin doesn't have a fundamental value, and isn't directly convertible in the current state of things. That means its minimal value is just slightly below zero. International, secure, fast, low-cost, unregulated money transfer is of worth less than 0. Can't wait till I get paid to use Bitcoin! |
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 It's intuitively obvious to the most casual observer that this is a classic long, slow ascend. Having analyzed markets and predicted rallies for more than five decades, I know a pattern when I see it. I've said this for months, but you refused to listen. What's wrong with you idiots, why won't you be my friend? Your imminent death is well deserved. James Fraggle |
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There is nothing unique to Bitcoin at this stage. It is nothing more than bartering your favorite half-nude Mario Lopez portrait for pound of beef jerky.
TIL: Secure, fast, low-cost, unregulated international transactions == bartering your favorite half-nude Mario Lopez portrait for pound of beef jerky. |
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Awesome. Can we have this blindfolded forex gambling nonsense moved out of the Bitcoin trading forum soon?
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ouch! sc2 website down? Back up. Took a snap capture:  |
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(Bitcoin: Still trading, mining and using.)
Namecoin: Began mining and using it at day one. The economics is flawed; speculators ruined the system by making it too expensive to actually use. Gave up and sold my entire stash.
Ixcoin/I0coin/SolidCoin/GeistGeld: Personal testnets? Never touched.
Tenebrix: Noticed the pumping, bought and dumped, gained 20 BTC.
Fairbrix: Another testnet from someone who openly admits to not being a programmer.
SC2: It's being pumped by its fans, so maybe I'll help them dumping. Edit: Made ~10 BTC mining the initial 30 minutes. Thanks, bulanula!
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$ ./solidcoin
./solidcoin: error while loading shared libraries: libpng12.so.0: cannot open shared object file: No such file or directory Hmh, dynamically linked against legacy libpng? No prob, I'll just recompile it for my system's libs. Oh, wait... |
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"Bitcoin - Like a lick in the groin."
—Boris Yeltsin
"He who scarifies Bitcoins for a little temporary fiat deserves neither."
—Benny Franklin
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Do you have any data how many Chinese are already buying or using bitcoins? Is there any measure available for awareness of bitcoins in China?
If you search you'll find some charts in this forum showing a sudden increase in the number of bitcoin nodes in China, following a publication in an important press there. That's all I know about "awareness", no idea if they're already buying. The number of Chinese listening hosts is almost back to where it was before the peak. Comparing to the chain status graph the majority shut down their clients before even downloading the entire chain. Since the decline in hosts is gradual I don't think it's caused by The Great Firewall. |
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I'm a Bitcoin fetishist, and even I wouldn't bother to use Bitcoin at a physical POS like this. What's the advantage over using a legacy currency? I see plenty of reasons. Compared to credit cards it has lower fees and more anonymity. Everyone I've seen accepting BTC at physical shops today convert their USD selling price--which already covers transaction fees for legacy payment methods--to BTC and exchanges the BTC to USD instantly after the sell. You pay the same, the merchant loses on the exchange commission and gets extra paperwork for the USD withdrawal. I could argue that carrying a cell phone and meeting up in person doesn't help on anonymity either, but that'd be silly as we all do it anyway.  Compared to Electron or Debit cards it offers significantly higher reliability, because the Bitcoin network is so decentralized. Compared to cash it doesn't offer that much except you don't have to have cash, or a wallet at all. Just need your phone. I have credit on my debit card and can thus use it without electricity or a data connection. That's on top of the fact that Bitcoin is a great currency in itself and I'd buy with it if it's not worse than other payment methods. And with these enhancements such as bit-pay it certainly isn't worse.
Bitcoin is great on-line because it's remarkably efficient in dealing with arbitrary political borders. But the physical POSs will remain a niche for us enthusiast and will not be the cause of a "sharp rise in Bitcoin use". It'll be the other way around; if/when Bitcoin conquers cyberspace it'll be a hassle not to use BTC AFK. |
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I'm a Bitcoin fetishist, and even I wouldn't bother to use Bitcoin at a physical POS like this. What's the advantage over using a legacy currency? |
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Wait, why do mining workers even HAVE passwords?
I also never understood this... To prevent others from abusing your account. Pools will ban misbehaving users. |
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60-100 euro for a rig with two cards??? so how many ghash/s do you get from each card on your planet?  I think he's referring to Europa as in Jupiter's moon. |
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Edward50
Stopped reading right there. |
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 The cultural significance of this thread has earned it a spot on The UNESCO World Heritage List.
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Why prolong the correction? I'd rather have a total collapse so we can settle on a sustainable price first. Let all the people who thought they'd become millionaires overnight sell.
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