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1  Other / Archival / . on: June 23, 2013, 05:18:58 AM
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2  Economy / Scam Accusations / . on: June 10, 2013, 04:35:28 AM
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3  Other / Off-topic / . on: June 07, 2013, 10:08:08 AM
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4  Other / Archival / Re: The Bank of Bitcoin- The World's Most Secure Bitcoin Service- Unhackable! on: June 01, 2013, 04:58:30 AM
I think claiming to be 'unhackable' could come back to bite them.
5  Economy / Auctions / Re: [AUCTION] 50 ASICMINER shares (48h auction) on: May 28, 2013, 09:42:33 PM
Quote from: Gyom on May 28, 2013, 01:29:24 PM
Since everyone sent their payment, the share ownership transfer notice has been sent to friedcat. (couldn't send it to more than 5 persons).

Thanks to everyone for a smooth auction!

Thanks Gyom.

Now eagerly awaits first dividend Smiley
6  Economy / Auctions / Re: [AUCTION] 50 ASICMINER shares (48h auction) on: May 26, 2013, 10:30:32 PM
Bitcoins sent: https://blockchain.info/address/%201GKcHoEqthBvgnzUwmLgMRukw7Ppgwjcue

Wallet address for dividends:  1KeUcDvMxLPLE3APoBDKW5ThkZvdDFZ7t6

Thank you.
7  Economy / Auctions / Re: [AUCTION] 50 ASICMINER shares (48h auction) on: May 25, 2013, 11:40:26 PM
1 @ 2.50
8  Other / Archival / Re: I sold everything at $158/159 this morning on: May 24, 2013, 11:03:24 PM
Quote from: ranlo on May 24, 2013, 06:36:21 PM
Quote from: BitPappa on May 24, 2013, 02:35:00 AM
Quote from: sleevedbiker on May 24, 2013, 12:59:51 AM
I think with ASIC the price will go up to $300 but not for at least 6 months.

I cannot conceptualize at all why there would be a relationship between market price of BTC and the efficacy of mining computers. Can you (or anyone) explain why you think ASICs will boost the price of Bitcoin (or lead me to post that explains it)?

I think the theory behind it is that if you can no longer mine them, you have to buy them. This increases the demand, driving up the price.

At least that's the theory behind it.

I am new to bitcoin and still learning, but if ASICS make the difficulty too high for the average miner, and mining becomes the domain of large enterprises, could people lose interest (since they cant mine and earn their own btc) and lower the demand?
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