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Clearly someone is trying to get a hold of an ASIC miner, then sandpaper the chips. Kansas City is full of weirdos.
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BBE is history, in the best sense of the word.
Looking forward, I expect some options to visualize spending networks, and to see well-documented charts indicating the health of the Bitcoin ecosystem.
As liraz pointed out, there is no need and there is no reason to compete with blockchain.info - there is plenty of room and niches to explore and fill up!
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"Wishes" is a project that allows girls to sign up to get some form of cosmetic surgery. This could be a breast augmentation, lip injections, anything or anything to improve her looks make her look like an insecure, attention-hungry whore.
Fixed that for you. I'm turned on by natural looks, free from makeup and silicone. Thus, your Website promotes an ugly version of the world, and I cannot support it in any way. |
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...
and I focus less on charts and more on preparing for the newborn, which is due in a few weeks.
...
Ah, I was in that boat a year ago. Is it your first? If so, you won't even *think* about bitcoin for weeks...(and that's a good thing). Yep, it's the first one, and your description is pretty much what I'm expecting. No speculation there  |
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Thank you all for the kind words. Really, this was the bitterest way of wising up, according to Confucius: By three methods we may learn wisdom: First, by reflection, which is noblest; Second, by imitation, which is easiest; and third by experience, which is the bitterest.
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I can't take this any more. Over the past six days I sold three times expecting a correction, only to get hurt and call a stop-loss at 2%-4% above. The second time I actually got it right, but changed my mind and bought back after the Mega tweet. Sure enough, the price briefly fell ~5% within a day, right through my deleted bids.
All in all, I quit. All my coins go into paper wallets, and I focus less on charts and more on preparing for the newborn, which is due in a few weeks.
Oh, and this being the speculation thread - expect a big correction any moment after I've gone all paper, followed by a continued rise. The correction simply due to trigger-happy, anxious speculators, the rise due to great-looking fundamentals.
Yours truly,
niko
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I'm late to this party, but... between all the people?
I don't see the reason why a few people who were the first could gain a big share of the coins and people who want to buy coins now have to pay for them. and why would people will cooperate with such system.
I mean I only heard about this today, I would participate earlier if I knew about it.
Someone may have invested - and risked - their $500 back in April 2011, you can invest - and risk much less - $500 today. It is perfectly fair. Furthermore, unlike dollars, euros, or dinars, anyone is welcome to start "printing" new coins under the same rules - doesn't get more fair than that. Finally, those who have coins can only enjoy the benefits by spending them into the hands of others - yours included. So, think again. Bitcoin is much more fair than you thought. |
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It makes it easier for those on mobile devices if you add width=(something reasonable) after the IMG tag. |
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You realize the difference between a company selling shares of itself, and a company that is running a securities exchange? The former could be a medium size lawn care service or computer shop for example, and might hire a lawyer and an accountant for a few hours each year, while the latter would need to be run by lawyers and bankers.
Its actually issuing shares and selling them to the public which is most illegal. The mechanism is irrelevant. Exchanges are subject to regulation, but that's not really why GLBSE was shut down. Selling securities to just one person in the USA means you must register with the SEC. You have no idea what you are saying, but this discussion belongs elsewhere anyway. I suggest the ASICMINER threaf. This is the Avalon user(s) thread. |
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Bitcoins are easy, fast, and cheap to move around the world, dollars and euros are not. This thread is really asking about moving dollars between people, and has nothing to do with Bitcoin.
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They created SHA256 and they likely have a hold on ECDSA. Historically, they have had a hold on cryptography by over 20 years in future technology. They usurp almost all cryptography talent and beyond before the private sector can even touch it. My gut tells me the NSA already has exploits into all the technologies bitcoin utilizes. I think we're fucked for now. Cryptocurrency may not die as an idea but bitcoin may fall before it can truly succeed.
Can you provide two or three examples where NSA completely broke two major crypto primitives comparable to SHA256 and ECDSA? |
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everyone buying BTC become rich
everyone cannot become rich.In a debt based fiat money system, it is a zero sum game, your saving comes from another people's debt, so your conclusion is correct it's a zero-sum game regardless. say bitcoin were a closed system. no more fiat influx, constant market cap. any gains any trader makes will be another traders' loss. someone selling coins they bought for $5 last summer for $27 picks $22 out of every pocket which bought coins at higher prices. however -- and this is niko's point as well -- since the market cap is small compared to the potential market cap, there is an influx of fiat which might allow for huge amounts of deflation on the long term which means anyone holding btc now who is still holding btc then will get a really, really good return on that investment. but even in this case, everyone will not become rich. if you mean everyone who has btc now, then sure, but that's a pitifully small number compared to the amount of people and fiat required to really blow the price that high, and the last ones to 'convert to bitcoin' will be the ones whose money we're taking. But how about extending this thought experiment beyond mere speculative trading? If people kept working and creating new value, and pricing it in btc, wouldn't everyone holding bitcoins become and remain "rich" in the sense that they would be able to exchange them for more and more goods/services? |
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everyone buying BTC become rich
everyone cannot become rich.In a debt based fiat money system, it is a zero sum game, your saving comes from another people's debt, so your conclusion is correct But in a debt free money system like bitcoin, it is totally possible that everyone are rich, since every BTC existed are not a kind of loan, the electricity, time and R&D cost of the mining equipment has all been paid and contains in each BTC, it is debt free and have value coined in, everyone can get BTC with their product/service without incur a debt somewhere else in the society Ignore the USD exchange rate, that partly depends on the USD supply by FED, do not really represent the real value of BTC, market is discovering that value now Yes. I will just repeat myself here: Yes, we can all get rich if we keep voluntarily assigning value to bitcoins in terms of goods and services we trade via Bitcoin network. If more and more people keep valuing their labor, fiat, or property in terms of bitcoins, the value of coins will keep rising. The opposite applies, too.
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Ok I have BTCs i can sell them and withdraw to my bank account via mtgox and then wire to someone else.
But I would like to skip the extra step and just convert my btcs to usd and wire to a 3rd party directly and that way saving on bank fees.
What would be the cheapest way to wire your BTCs to USD bank account?
Have that someone open and verify a MtGox account. You send them btc or a gox code, they withdraw to their bank. For those who miss the point of this thread - MtGox AML regulations require you to wire money to a bank account issued in your name. Not sure how other bigger exchanges compare. Moderator: please move to "service discussion". Loser by Choice can do the same by clicking the link in lower left of the screen when viewing the thread. |
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I moved my bitcoin-qt.exe to my external drive E:\ and just dumped the blockchain files into that same directory on E:\ as well. However, whenever I run bitcoin-qt.exe -detachdb, it keeps re-creating C:\Mousepotato\Appdata\Roaming\Bitcoin and starts downloading the blockchain again. What am I doing wrong?
You should have detached the databases before moving the files. Once you have them moved, the option is no longer needed. |
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Strategic goal for ASICMINER should be to run a significant portion of the network for as long as possible -yet under no circumstances more than 50%. EVen if they are trustworthy, the whole point of bitcoin is not having to trust anyone.
Think again. What if ASICMINER split their 60% of power into two groups, each controlled by one separate group of board members? Would you still be concerned? By the same token, what if two operators of pools, each controling 26% of the network (so nobody cares), got together and decided to double-spend their transactions, or not to include any of my transactions? My point: Bitcoin is the "51%" attack. If you are so worried about one business entity (with all the people comprising it) controling >50% of the network, why not worry about two business entities doing the same? It may even require less people to go rogue than in the first case. There is always a group of people that controls 51% of the network. There is a group that control 100%. The miners. Finally, what if some miners are not honest? They can just lose their profits and the investment, and temporarily disrupt processing of payments (until people notice the problem). My coins are still perfectly safe. They can't spend them. |
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This is really an issue of logic and epistemology, not economics. Please bear with me.
Now is now, and then was back then. There is no way to travel back in time with "these" coins or this knowledge. Comparing a coin today to coin back then is therefore meaningless.
Consider a medieval king: he lived "like a king" - but by my standards, he lived a shitty life: no antibiotics, no dental fillings, no glasses if he needed them. Couldn't even hop on a plane and see new places the same day. No option to remove apendix when it's rupturing. The point is, I cannot travel back in time, nor can we bring him forward in time. It's a meaningless comparison.
That pizza was very well worth 10,000 back-then coins. That's why it was traded. Besides, nobody knows with certainty what a coin will be worth next year. If we knew with certainty, it would have already happened - it would have been past, not the future.
Spend and earn your coins as you see fit. No need to play Captain Hindsight.
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It is very clear to me what is happening and why it is bad for BTC. Everyone around here is wearing green colored glasses. We cant all get rich, markets dont work like that. This time is not different!! It is never different.
Yes, we can all get rich if we keep voluntarily assigning value to bitcoins in terms of goods and services we trade via Bitcoin network. If more and more people keep valuing their labor, fiat, or property in terms of bitcoins, the value of coins will keep rising. The opposite applies, too. |
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what on earth is happening NOW.. why the crazy jump of 800% since about a year ago.. it's good.. but what seems to actually be driving the price up so fast lately..
This may help you start answering the question. Add in some speculative games by professional traders: |
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