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141  Economy / Speculation / GABI-a watershed event in institutional BTC investment on: July 11, 2014, 10:32:58 PM
GABI is a regulated OFFSHORE hedge fund for institutions approved to trade in BTC-first of the sort.
Why it is appealing to institutional investors such as pension funds and insurance companies?
Because the island of Jersey has NO cap gains tax.
The fund will start on Aug 1
http://www.bbc.com/news/world-europe-jersey-28247796
http://www.newsweek.com/ex-jp-morgan-trader-joins-bitcoin-bulls-launching-hedge-funds-258494

I expect accumulation during Aug, then the rocket launch a la GLD
142  Economy / Computer hardware / [WTS]-Antminer S1-0.25BTC on: July 06, 2014, 05:32:22 PM
~Two month old Antminer S1, fully functional, has both screw terminals and PCIe connectors.
price -0.25BTC and you pay for shipping, preferably to US.


edit: The item sold
143  Bitcoin / Bitcoin Discussion / People need to stop calling Bitcoin "a virtual currency" on: July 05, 2014, 07:07:59 PM
The Bitcoin Foundation and community as a whole needs to step up to educate regulators to STOP using the derogatory term "virtual currency" as EU banking authority described it.

Bitcoin, litecoin, etc are digital or cryptocurrencies.

Try making just ONE bitcoin yourself and see how "virtual" it is.
It is absolutely certainly requires much more work than minting or printing $1, and I am not even talking about making a $1 by some ledger adjustment at the FED.
144  Economy / Speculation / Following: a great week or two to buy BTC on: June 21, 2014, 05:33:07 PM
BTC is currently scraping the bottom of the trend (see graph produced by SlipperySlope):
https://docs.google.com/spreadsheet/ccc?key=0ArD8rjI3DD1WdFIzNDFMeEhVSzhwcEVXZDVzdVpGU2c#gid=7
https://bitcointalk.org/index.php?topic=366214.0

mining difficulty and network speed increased ≥20 fold since December and keeps growing at the current growth rate of ~20% every 10-11 days.
http://bitcoindifficulty.com/
....but mining efficiency increased only 2-3-fold (in GH/w), jeopardizing mining revenue and, as such, future network growth or at the least, network decentralization.

BTC price, meanwhile, is at the same levels as early November (early bubble).
We will see how it will turns out, but I am speculating that we are about to trend significantly higher (within the next 14-30 days).



145  Economy / Computer hardware / [WTS] two antminer S1 (US)-unopened from Bitmain on: May 31, 2014, 11:17:52 PM
Want to sell remaining two antminer S1. Optional-EVGA1300.
See image (2/3, on the left, one sold 5/31). PM your interest.

Edit 6/2-SOLD OUT

146  Bitcoin / Bitcoin Discussion / The Willy report-a questionable cause logical fallacy on: May 26, 2014, 08:04:50 PM
There is no cause-effect relationship here. Correlation does not imply causation. You can find a week where NY stock exchange opens at the sunrise, but these two events are not related to each other.
Was there a Willy program? Probably, yes, as there are a multitude of other programs in the market. Large companies cannot buy or sell stock en masse without some programming. If they hit the bid for 1 mil shares all at once, it would be idiotic, so they sell some, buy a little less, sell again, etc.

This fallacy is known as cum hoc ergo propter hoc (with this, therefore because of this)
Proof: market is discounting this
147  Bitcoin / Bitcoin Discussion / Proposal to define XBT as 0.000001BTC (Vote) on: May 23, 2014, 09:30:44 PM
As came up in a previous poll discussion, some people seem to coalesce around the idea to define the proposed ISO unit (XBT) as 0.000001 BTC.
How to call the unit in slang is not relevant for this poll, but possible variants would include bit, X-bit (like in X-ray), ubt, xib/xi, microbit, etc.
Voting Yes would mean that you approve changing of XBT definition from=1BTC to equaling 0.000001 BTC.

148  Economy / Digital goods / Coupon DONATION (no selling allowed here) on: May 15, 2014, 01:59:50 PM
This thread is for Antminer S1 and Antminer S2 donation requests and fulfillment offers ONLY. This is NOT for selling.
Specify your request either for qualification (student, etc) or number requested or available.
This thread might disappear after 5/30 if no more coupons are issued.
149  Bitcoin / Bitcoin Discussion / A new unit=1/1000000BTC. Bit is already taken, how to call a new unit/symbol? on: May 04, 2014, 07:30:04 PM
A unit of 10-6 BTC is a great idea, but bit is already WIDELY used to measure information.

I propose to call 0.000001 BTC (1/1000000 BTC=10-6 BTC=µBTC) a uni, which is short of Unit, pronounced (you-ni).
Advantages-not used; Uni is similar to unit and sounds vaguely similar, but different, to/from both yen (Japanese) and yuan (Chinese).
Edit: removed comments.
150  Economy / Speculation / speculating on bitcoin-Second market chill effect? on: February 28, 2014, 04:26:42 PM
Second Market wants to institute a bitcoin fix.
http://www.bizjournals.com/newyork/news/2014/02/25/secondmarkets-prescription-for-bitcoin-a-hair-of.html?page=all

Quote: "Also, the exchange would set prices once or twice daily, along the lines of the gold market. Executives believe more stable pricing would allow more regular businesses to accept the currency and foster confidence from users."

However, we shall agree to it only if we want bitcoin market to be destroyed.
See what happened when bankers were doing gold fix (for a decade!):

http://www.bloomberg.com/news/2014-02-28/gold-fix-study-shows-signs-of-decade-of-bank-manipulation.html

Barry should stay away from bitcoin and play with $$, euros and yen or gold if he likes to FIX things..
151  Economy / Speculation / High frequency traders want to speculate on bitcoin? on: February 27, 2014, 11:29:17 PM
http://online.wsj.com/news/articles/SB10001424052702304071004579407562692516576

This will affect the trend for sure. They will be trading 0.001BTC back and forth, front-running everybody else.
Bitcoin exchanges should NEVER allow high frequency traders to enter and in case you wonder how they could do that-it is simple-not allow HFT servers located at exchange and also categorically not allow RAPID (microsec) cancel orders: make a rule that there has to be 100 microsec between order and cancellaton and you will effectively not allow HFT.
152  Economy / Speculation / "Old" bitcoin vs newcomers (Second market) on: February 25, 2014, 05:58:33 AM
From insolvency statement it is clear that Second Market CEO did not sign the doc, so in my opinion there will be a battle for bitcoin future between technocrats and financial types.

In one corner:
Coinbase
Kraken
Bistamp
BTC China
Blockchain.info
Circle

In another:
Second Market/BIT
and (possibly) Winklevii/Winkdex/winETF

I would certainly root for group#1 because Barry and his crew is same ol', same ol' financials (talk about banks doing an "exchange")
http://www.nytimes.com/2014/02/25/business/apparent-theft-at-mt-gox-shakes-bitcoin-world.html?_r=0

Will 445 low hold? I doubt it.
153  Bitcoin / Mining speculation / Mining companies...the most respected and trustworthy on: February 19, 2014, 10:58:13 PM
Vote ONLY if you have firsthand experience with at least one.
154  Economy / Speculation / stats out of sync on: February 17, 2014, 05:31:47 PM
What the heck is wrong with stats on blockchain.info?
check this out:
https://blockchain.info/charts/hash-rate

zeroblock app shows:
blocktime 205.71min
hash rate 912,175
Next difficulty-296 days???

Speculation: can they hold the darn thing together? Holding, but...

Edit: stats back to normal at 12:48 eastern
155  Economy / Speculation / Coinbase-unrealistic prices? on: February 10, 2014, 03:21:51 AM
where they got the price they quote-out of thin air?
buy 729, sell 728 with btce at 719 and stamp at 695.
It makes no sense.
How could one buy/sell bitcoin (speculate) with these ridiculous prices?
156  Other / Beginners & Help / how are you promoted from newbie to jr? on: February 02, 2014, 07:07:23 PM
Promotion-Not sure how this works now. Is there a "special action" to get a jr: time spent or messages posted?
What does activity mean? I keep posting, but "activity" number stays the same.
Thanks!
157  Economy / Speculation / A possible switch to satoshi as the commonly used bitcoin account unit on: January 21, 2014, 12:55:44 AM
I found it very interesting that Jeremy Allaire referred to satoshi as a bitcoin unit (2.1 quadrillions) instead of talking about 21 mil BTC.
http://www.youtube.com/watch?v=WMilJzD3pL0
I also find it psychologically important for many because they will be currently getting 100mil satoshis when they spend $800-900 instead of getting one unit for $800-900. There is a proposal in reddit to do just that:
http://www.reddit.com/r/Bitcoin/comments/1r3xl1/a_proposal_skip_mbtc_and_switch_directly_to/

In the youtube video from DLD Both Barry and Jeremy referred to the 10-100 fold minimal appreciation of bitcoin in order to do large scale transactions and sales.
Mister public cannot spend 10k-100K to get just one unit of account, but it will be OK in satoshis (at US $100K/BTC for each thou you will get million satoshis or thou satoshis for a buck). 
158  Other / Beginners & Help / hello from a newbie on: January 20, 2014, 06:27:41 AM
Hi,

I have heard about bitcoin first time just a couple of months ago, but it has become a major interest since then. I have been reading bitcointalk for a while and finally decided to join.

Cheers!
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