I guess he's invested in the network thing but not the currency itself I admire the fact that Mr. Ver, the Bitcoin Jesus, is an ex-con. Because you know who else they said was a criminal? The Christ Jesus!! That Jesus guy pretended to be dead for like three days or something I heard, and then apparently he came back from the dead and started looking for eggs that came from bunnies. All this shit is messed up |
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Yeah, that guy is sketchy as hell. Ever seen one of his bitcoin seminars? Reminds me of a pyramid scheme talk, or church sermon... Ask yourself, who in their right mind would embrace the moniker "bitcoin Jesus" ? *edit* remember that video he put out saying that mtgox was safe? Just months before it collapsed? |
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What would the price be if bitcoin were used as the agent for clearing international trade?
Several thousand SDRs? Now the question becomes "what the hell is a SDR worth?" nm, found it http://www.imf.org/external/np/fin/data/rms_sdrv.aspx  Apparently bitcoin already worth several hundred SDR's, maybe this is all a bunch of funny money after all  |
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based on usability, Bitcoin doesn't deserve more than a 2 digits price at this moment.
I think I posted that math already: if there was no speculation (short or long term), just use as a currency, with todays usage volume, the price would quite probably be less than 25$, possibly as low as 3$. Just curious, not combative. What would the price be if bitcoin were used as the agent for clearing international trade? |
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ahh i see...man id be pissed waiting on a transaction during that time This is why I wish there would be less effort wasted trying to turn bitcoin into a payment or micro-payment platform. It would perform much better as a global clearing mechanism, the future reserve currency, similar to the function that SDRs play between central banks. <puts on flame retardant suit>  |
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So there was a block that took 2 hours today? wtf  Higher difficulty, higher variance? |
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People arent sure if the price is cheap or expensive at this point, so undecisive.........
In the last year i spoke with at least 10 people about bitcoin. Told them everything about it. I even insisted on its advantages. Never got the balls to tell them about a 51% attack or how easy is to get fucked by a hacker, hardware or by your own errors. Do you know how many of them came back to speak (not buy) about bitcoin ? Huh ? Yes, 0. It's easy to get fooled by these geeky bulltards in here that are cheering continuously on every $5 increases and posting MOON pictures and trend reversals. If you want to know about the success of bitcoin and if it deserves a $270 valuation, go into the real world and ask people if they give a shit about it. We are living in a super connected environment where a video of a dog fucking a chicken gets 10 million views in 2 days on youtube/ facebook, so you have to think that if bitcoin, a 6 year old cryptocurrency that facilitates fast -0 fee- transactions didn't get viral (at least on the internet), then something is wrong with it. Till you get to teach the entire earth about security, we will be all laying in our coffins. People are not open to change like we do. They don't care like we do. They don't have to give a shit about the mechanics of bitcoin like we do. They just want a way to transfer money without having to learn too much useless garbage... and they want it with almost 0 risks. Fonzie - "But there is Trezor" - But fuck you! Peter Todd advised me against it and on top of that i wouldn't want to buy that junk and look like a jackass from the 80'. To make it short, based on usability, Bitcoin doesn't deserve more than a 2 digits price. You're funny when you're mad.  |
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@Sitarow - excellent resource you've built.
Much appreciated.
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Thank you for the links. I had not seen that Szabo.best.vwh.net collection before. Looks interesting. |
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There's no issue. Miners can't keep up with transactions and get backed up at times because the block size is too small. Miners just don't want to spend more to upgrade a little. It's all on the miners. I thought it was the clients, or full nodes that are actually running the show here. The miners will support whatever chain they are incentivized to support. I still feel that this is an incomplete solution to the Byzantine Generals problem, relying heavily on properly aligning incentives to promote or ensure consensus. If the incentives start to diverge, the security and long term success of the project will be compromised. tl;dr - Price does matter. |
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Avatar ban = digital scarcity, just like bitcoin 
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<snip>
Id bet my life on it.
I'd advise against that. In fact, I already did.
I know that my advice might not be appreciated, but I think you need to reconsider your position.
If you are feeling stressed, then it's likely that you are over-invested in this little experiment we are participating in.
If you have more money "invested" in bitcoin than you could comfortably afford to lose, then you're doing it wrong.
Just my opinion.
If you need the money, just sell now. There's no point in holding liquid assets if you're not going to use them when you need to. There's also no point in waiting for something that may not happen for a very long time, if ever. |
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You do realize these are just strawman accounts set up by trolls to present a ridiculous situation for other trolls (themselves most likely) to attack?
I wouldn't bother...
Apologies, I thought Steven was a real person. My bad. *edit* am I the only one that finds the excessive bear trolling to be bullish? My traps are set from 300 down to 250 (CAD) You bears are welcome to unload your beanie babies at my prices. |
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Im afraid the end is near...
End of the bear market? I'm sensing the same thing. |
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Watching the bitcoin price tickers for all of the exchanges is damn stressful.
I am sitting on so many coins that all I am doing now is watching the price all day.
It is not like I don't already know what to expect.
Still, it never gets easier.
up down up down down down down down up up up up down down down down down up down up down.
My eyes and brain hurt.
I need a bitcoin break, but I cannot afford to look away from the screen.
I know that my advice might not be appreciated, but I think you need to reconsider your position. If you are feeling stressed, then it's likely that you are over-invested in this little experiment we are participating in. If you have more money "invested" in bitcoin than you could comfortably afford to lose, then you're doing it wrong. Just my opinion. |
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Bitstamp still smells fishy to me.
Best of luck gentlemen.
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stmphax coins moving
Doesn't matter where they go. Unless it is back to stamp in a deal they aren't being spent on an exchange for a looooong time. I'm not so sure. Just move the coins around a bit, wait for more peer to peer exchanges to pop up, then slowly unload. Traditional law enforcement is simply not incentivized to put a large amount of resources into tracking down these kind of criminals. I mean, it's not like they stole from an organization that has lobbyists in Washington or anything. |
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