New Dogeparty Forum @ http://dogepartytalk.org/

Is vennd.io going to support Dogeparty?  I'm patiently waiting for their open source release.

any plans to add support for Dogeparty?

I love it! 

I'll have to do some thinking about how best to incorporate something like that into the site (my best thinking time is usually during my 50 minute commute home from work).  Thanks for the suggestions!

Thanks for the critique!  I put this site together primarily for myself so I didn't need to update an Excel spreadsheet everyday.  The charts I've included are simply those that I like to use to get an idea of how the bitcoin price is trending in the market.  Anyone interested in doing their own detailed technical analysis should definitely use a site like BitcoinWisdom.  

I like your idea of trying to correlate Google trends with the change in the TII over time.  Are you thinking the historical TII (using all historical prices from Bitstamp) plotted against the trend in searches for "bitcoin"?

Bitcoin Trend Intensity Index at COINtensity.com

The Bitcoin Trend Intensity Index is a measure of the price deviation between the daily average price and the 60 day moving average taken over the previous 30 days.  For the theory behind this index and how it's calculated, please read Trend Intensity Index by M.H. Pee (a link to this article is provided at the bottom of COINtensity.com).  The 24hr price data is from bitcoinaverage.com and all other data is from Bitstamp.

I've also included charts of the 24 hour history with 24 hour sliding average, the 30 day moving average, and the 60 day moving average.

Enjoy!

Unfortunately, bitcoinaverage.com's data begins on Sept. 3rd and the TII indicator needs at least 90 days of data (60 days for the moving average and another 30 days for deviations from that average).  This is why the data begins on Dec. 4th.

If anyone is interested in viewing the Trend Intensity Index of different exchanges, please let me know and I can add it to the site.

Visualize Bitcoin Price Trends at COINtensity.com

The Bitcoin Trend Intensity Index is a measure of the price deviation between the daily average price and the 60 day moving average taken over the previous 30 days.  For the theory behind this index and how it's calculated, please read Trend Intensity Index by M.H. Pee (a link to this article is provided at the bottom of COINtensity.com).  All price data is from bitcoinaverage.com.

I've also included charts of the 24 hour history with 24 hour sliding average, the 30 day moving average, and the 60 day moving average.

You can view the Bitcoin Trend Intensity Index for USD, EUR, CNY, GBP and CAD.

Enjoy!

Merry Cryptsmas!

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I just noticed that too.  Awesome

This is HUGE! 

Do you have locations for the two machines you're ordering?  Are the location costs fixed or a percentage of transactions?  What other operating costs do you foresee (i.e. armored car for cash deposits and withdrawals)?  Do you plan on reinvesting profits into buying more machines?  What's your estimated profit over the next year?  Do you plan to pay out profits to owners in bitcoin or dollars?

I don't think incentives are aligned for that model to work.

Linking increasing volume to increasing fees would encourage people to keep transactions off the block chain.  Likewise, an increasing volume causing a decrease in block reward would discourage mining the more popular the currency becomes.

Have you considered providing an API?

http://www.cutimes.com/2013/07/16/mobility-matters-bitcoin-basics-for-credit-union-e

Surprisingly, this is somewhat positive about the future of bitcoin

wasthatawolf

Thanks!

My point is, if mining is so easy that anyone can do it by purchasing a product that they would already buy, it becomes a much easier sell.  It makes sense for that product to be a wireless router because it is always on and always internet connected once it's setup.

Avalon ASIC was selling (currently sold out) 10,000 ASIC chips for 780 BTC which comes out to 0.078 BTC per chip.  That's certainly a material cost that can be built into the cost of a router.  I fully expect the price per chip to come down dramatically over the coming months and years which makes it even more feasible to build ASIC chips into routers.  

Obviously, there is a large initial cost involved to produce this type of product (board and software design as well as manufacturing setup costs, material costs, etc.) and there would need to be a solid marketing campaign to sell the idea to differentiate and add value compared to other routers in the marketplace.  

This (or something like it) is what Bitcoin needs to maintain decentralization and increase market saturation over the long term.

I think this belongs under Economics because it applies to everyone within the Bitcoin ecosystem.

A large threat to bitcoin (among other things) is consolidation of mining power.  To maintain decentralization everyone should be mining regardless of how long it will take to achieve payback for the hardware (I know that's a difficult sell).  

Ideally, as prices come down, ASICs need to be built into the one device in every internet connected home that is always on and connected; wireless routers.  Software could be developed (I think mining is already possible through OpenWRT), to make mining just another option the user chooses when setting up their router initially.  

If the cost of the ASICs can be subsidized by smaller profit margins (or a really good sales pitch), a product like this could be a huge force in bring bitcoin to the masses and would completely decentralize the network at the same time.