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1  Economy / Speculation / What would happen if MtGox enables withdraws? on: February 23, 2014, 04:07:29 AM
I was thinking, if MtGox enables withdraws, the cheap coins at MtGox will be able to flee to other exchanges, thus lowering the price of BTC.

Am I wrong?

What do you guys think?
2  Economy / Speculation / MtGox just dropped from $400 to $300 over the last few minutes on: February 14, 2014, 03:14:58 AM
This is getting crazy!
3  Economy / Speculation / Price hits $10,000 on bitfinex on: February 06, 2014, 02:28:37 AM

What is going on?

4  Economy / Speculation / Why are BTC-E and bitstamp $200 behind MtGox? on: November 29, 2013, 05:49:38 AM
It seems strange that they are so far behind.

Bitstamp used to follow MtGox much more closely.
5  Other / Off-topic / Half of all Tor sites compromised, Freedom Hosting founder arrested. on: August 04, 2013, 11:38:07 PM

Freedom Hosting was a Tor hidden service, just like the Silk Road.
6  Economy / Speculation / Bitfinex is still "bullish"? on: June 09, 2013, 06:57:18 AM

Even after a 10% drop, bitfinex says the market is "bullish".  Anyone know why?
7  Economy / Speculation / Strange looking bitcoin graph on: June 02, 2013, 09:27:02 AM

I think it looks cool.
8  Economy / Speculation / Massive bid wall - over $2,000,000 on: May 05, 2013, 11:31:59 AM
9  Economy / Service Discussion / Warning about a bug on: May 05, 2013, 09:18:03 AM
Lets say the buy and sell prices are at $110 (plus or minus a few cents) per BTC.

If you use a "limit buy" order above $110, it will ask if you are sure (since this is above the market price).  If you say "ok", then your order will be executed right away.

However, the functionality of the "limit buy" order varies with the price you use.

If you use a "limit buy" order at $111, it will buy at a bit above $110, just like the "market buy".   This is useful when MtGox is lagging.
If you use a "limit buy" order at $112 to $126, it will actually buy bitcoins at these prices!
If you use a "limit buy" order at $127 or higher it will change your "limit buy" order to a "market buy" order automatically.

This happened to me.  The price of bitcoin was $110.  I put in a "limit buy" order at $120 and it charged me $120 per bitcoin, despite the fact that there was over $1,000,000 of asks on MtGox between $110 and $120.
10  Economy / Speculation / Interest in bitcoin at an ALL TIME HIGH! on: April 13, 2013, 09:19:41 AM
Google trend traffic about bitcoin is DOUBLE that of last week:

"buy bitcoin" is up from last week:
"buy bitcoins" is also up from last week:

It looks like we might go straight into another bubble.
11  Economy / Service Discussion / Bitfinex stopped working? on: April 13, 2013, 12:02:16 AM
Has Bitfinex stopped working in the last few minutes for other people?

The order book is completely empty.  (No MtGox orders, no "MtGox is having issues" error,  and no BFX orders).

I can't buy or sell anything right now.
12  Economy / Speculation / What is the manipulator trying to do? on: February 13, 2012, 04:16:59 AM
At the time of this post, there are two large (over 100,000 USD) walls right next to each other at 5.20 and 5.21.

What is the manipulator trying to do?

It doesn't seem like he could make money on MtGox or Bitcoinica because the spread/commision are too high for how far apart the walls are.

Any ideas?
13  Alternate cryptocurrencies / Altcoin Discussion / Idea to reduce deflation on: February 06, 2012, 11:18:58 PM
One thing that (in my opinion) is limiting BTC's growth is that only 50 BTC are produced per block (for now) no matter how many people decide to use it.  This means that if everyone wants some at the same time, the price can climb extremely quickly.  This limits the rate at which new people start using it.

My idea is to have the amount of coin produced be higher when the difficulty is higher.  To give an extreme example, lets say that when that when the difficulty is doubled, the block reward is also doubled.  If this new coin gets popular, the price will go up.  When the price goes up it will be profitable for people to buy mining hardware (or turn on the hardware they already have) so more people will mine.   Since more people are mining, the difficulty will go up.  Since the difficulty goes up, the block reward will go up.  With more coins being created, the price will begin to go back down.  With the price going back down, the difficulty will follow.

Doubling the reward when the difficulty doubles is rather extreme.  I'm not sure if that would work or not.  It could be much less extreme.  For example, 50 coins could be created per block at 1 difficulty, but 500 coins per block at 1 million difficulty.  This would decrease the deflation caused by increased usage, but it wouldn't eliminate it.

Any thoughts about this idea?
14  Economy / Speculation / Why bitcoin is currently (Jan 16th) crashing and why it may continue on: January 16, 2012, 04:22:57 PM
As you probably know, the "Bitcoin for Dummies" episode was a huge success.  Many people are searching for bitcoin and many people are buying bitcoin.   Because of this, many people are trying to buy on Bitcoinica.  Too many people are trying to buy, so Bitcoinica ran out of reserve.

The way Bitcoinica works when it is in no reserve mode is this:
-if you are neutral (not short, not long), you can ONLY sell
-if you are long, you can ONLY sell
-if you are short, you can buy and sell

This leads to the strange paradox that when so many people are trying to buy, the price will fall.

This is new.

When we went from 2 to 7, Bitcoina did not allow people who were shorting to close their position (by buying), so we had the opposite problem -- when so many people wanted to buy, the price rose EVEN FASTER.  This was because people who had short positions had no choice but to be liquidated, forcing the price up.

Despite there being so much support for Bitcoin right now, we may actually see prices drop faster and faster.
15  Economy / Speculation / Bitcoin 1-hour show on CBS this Sunday! (Jan 15th) on: January 10, 2012, 11:59:06 PM
As you may have already heard, The Good Wife will have an episode called "Bitcoin for Dummies".

There is  now a promo for it on CBS's official YouTube channel.

They don't mention Bitcoin in the promo, but the trailer is only 30 seconds long (so they didn't mention much of anything).
16  Economy / Speculation / Major Bitcoinica exploitation going on right now! on: November 29, 2011, 01:04:15 AM
Bitcoinica prices are 2.68926 / 2.66823

Buy price is lower than sell price!

17  Other / Beginners & Help / Adding a second card WITHOUT setting it as a monitor (in windows)? on: September 12, 2011, 08:01:54 PM
In Windows, it seems that not only do you need a monitor plugged in (or a dummy plug), but you also need to set the monitor as active (Desktop -> Properties -> Settings -> "Extend my Windows desktop onto this monitor").

This is really annoying for a computer that actually gets used (as opposed to a dedicated bitcoin mining computer) for several reasons:
-my cursor will go off of my screen when I move my cursor past some of the edges or corners (depending on the "location" of my fake monitor)
-causes some bugs/problems with programs that don't support multiple monitors
-causes some bugs/problems with programs that DO support multiple monitors (since they will assume you have both monitors on)
-screenshots will show both screens (the real one and the fake one)
-windows will often open on the wrong monitor (either partially or completely)

I don't mind the need for an extra monitor or dummy plug, but the need for it to be an "active monitor" is a problem for me.

Is it possible to get around the need for two active monitors?
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