The feel good pyramid is like a pyramid scheme, except we all win!
For it is not a pyramid of money, but a pyramid of nice words.
It works like this: First you choose someone to enter the pyramid under. You write something nice to/about that person. You also do this for the person above in the pyramid, and the person above that. To make it easy for everyone to follow the pyramid upwards, you should include links to the posts of the people above you that you write to.

Hope you will all have a wonderful 2014!

Tänkte sälja en miner. Har vi någon pålitlig person som kan agera escrow?

If bitcoin really catches on, if it becomes facebook popular, it will have about 1 billion users. The final number of bitcoin is 21 million, making 21 billion millibitcoins. This means that there will only be 21 millibits per person. This is too little. A person will want a good number of units to feel good. I think a good target is to aim for 1000 units for people with not so much bitcoin. The poorest 50% will only have 1% of the currency, so we need
5 billion x 1000 for the poorest, and that is only 1% of everything. So we need 500 trillion = 5*10^14 units of currency. A close unit to that is actually satoshi, of which there are 2.1*10^15.

Therefore it might be that we need to plan for satoshi as a very long term unit.

Choooo choo choo, train is departing

Inspired by https://bitcointalk.org/index.php?topic=48850.0,
I create this thread.

The craziness has gone to such levels that people are taking out loans, re-mortgaging homes, dipping into college savings, etc. to fund their bitcoin purchases. And that has worked fine so far, while the prize has been rising. But imagine if the opposite happens: the prize starts falling. Then people will run for the exits to try to cover the their debts. This can make the prize sink even lower. It is a positive feedback cycle, one that has a potential to wipe you out if you are investing borrowed money and aren't cautious. Be careful everyone and don't invest more than you can afford to lose.

Since there will be a lot of crypto people here, it could be a good occasion to do some key signing

To break or not to break

Last price dropped from 800 to 700 and back up to 800 in a few seconds. These are uncertain times... (bitfinex)

EDIT4: Because of all the bailers, I give up selling this. No need to send me any more offers.

Offers please

EDIT: By popular demand  https://i.imgur.com/xgQmibf   PSU in pic (80 plus gold platinum, super energy efficient) is included
EDIT 2: Okay, so the best current offer is 22 bitcoin. Due to hassle and risk of shipping, I will consider any offer above 20.5 btc for local pickup to trump it. Auction will close in 20:00 UTC 2013-11-14, if a very good offer comes in last minute, I might reconsider, but maybe not.
EDIT3 : Yeah, it is located in Stockholm, Sweden, Europe. Would prefer pickup here.

Imagine if bitcoins were worth 10000 dollars. How nice wouldn't that be? Do you think it will ever happen?

It would be nice to have a thread about fundamental analysis of bitcoin.

What determines a mature bitcoins value? Transaction volume, how much is used for wealth storage, how much is locked up in reserves, more?. What are realistic estimates of these numbers? What would the price be based on this?

What are the odds the bitcoin will succeed partially or fully (longterm)?

What are the "known unknowns"? Legality, tax status...? When will the outcome of these be known?

So I heard there is a new silk road....

Suppose someone accidentally the whole dev team? Or suppose it is infiltrated? Or suppose they are bought off?

How should we as a community react? Probably fork right, but what fork? It is easy to imagine a dozen forks springing up before things stabilize. In a worst case they could be so weak, the original, comprised chain becomes the favored one, simply because it is easier to stick with the status quo.

Maybe we could benefit from a chain of command or something?

Edit: Seems to be better info downthread, so removed

It is my belief that we need a mass-adopted social network that is resistant to mass-surveillance. I have tried to check on the current alternatives, but they do not seem promising. The gripe I have is that they make it possible to let a central server handle your stuff, stored unencrypted (please correct me if I have misunderstood this point, as it is central). This means you risk all your friends data, and that is unacceptable.

If the govt, wants to find your status updates, it will probably be quite easy for them to trojan one of your friends. Hence it is probably very hard to protect against pointed attacks. But we can protect against non-specific attacks, like "SELECT user FROM comments WHERE body like '%terrorism%' ". Potentially, we could maybe make it hard to connect a profile with the person who owns it.
Finally it is supposed to be user friendly and fast, so that people also actually use it.

Anyone interested in helping me develop this?

Hi there,

I'm curious if anyone has a dataset with historical USD/BTC rates/volumes at a high level of granularity. I'm going to be working with Bloomberg to pipe-in Mt.Gox data but would like any and all inputs in terms of ideas, alternative exchanges to include, and any heads up you may have to those that have attempted to do something similar previously.

Thanks,
Makksik

Proof of concept:

Integration of CADvirtex on Bloomberg.

Gotta study for a final tomorrow... Update you guys later.

All Bloomberg Technical Studies can be run (RSI and BOLL on example snap). Will try to integrate every exchange at full granularity and release to the public over the weekend.

I suppose this is a buy signal?

Could be interesting

What if someone were to put illegal information into the blockchain itself? Top secret information or magnet links for example.

EDIT: Not novel, edited title to reflect

The children should have thought of that risk before deciding not to get insurance  

Serious question: abortion. How would you deal with it?

Assuming that that a justice company comes to the "wrong" conclusion, and starts protecting innocent fetuses from violence / starts protecting the choice and own-body-ownership of innocent women, how would you deal with that?

I've recently been thinking that what AnCap proposers describe sound very similar to organized crime, in several ways.

1. Organized crime does not respect the laws and the social contract.

In a sense, they are living as if the society we have, right now is AnCap, treating prison as a cost of doing business.

2. There are rival organizations working in a free market.

You can choose what gang you want to be affliated with. They supply protection, insurance and "private courts".

3. There are occasional clashes.

Just as one would expect when there are "competing courts", sometimes there are clashes. Most of the time there is peace, for economical reasons.


Thoughts? Would you like to live in Mexico? Be part of a gang?