http://www.deccanchronicle.com/131210/news-current-affairs/article/cyber-experts-unearth-massive-bitcoin-scam

Seems quite a bit dumber than I would expect from a news site. Makes me doubt the claims being made.

As of October the 27th, the new all time high is $500.



And nobody noticed.

If we see an increase in the transaction velocity of Bitcoins to the point that we begin to see aggregate fees of 25+ BTC on top of the block reward, miners will see ROI and profits.

Just a thought.

[preposterous]

All of the exchanges on Bitcoinity that are listed under USD together have fewer Bitcoins for sale than 60k. In recent memory I know that I have seen more than twice that for sale on Gox alone.

With exchanges closing and fewer and fewer coins available on the market I believe there will soon be a preposterous spike in the exchange rate for BTC as the market reacts to the lack of supply.


The market depth on Gox:

If I generate an address in Bitcoin QT, and send myself the balance of my wallet to that address does it destroy my change and generate a single output of a size equal to my balance?

I want to kill two birds with one stone here, so I have a second question. If I generate an address, can I be sure that my client has never used it as the outgoing address in transfer? Can I check the blockchain for this kind of thing?

Please vote and discuss, I believe that as a community we can moderate ourselves so that everyone can be happy.

(Also actual mods)

Mt.Gox promised better stuff on the 17th. Coinlab is going to come into the picture. What do you expect as these things happen?

Personally, much of my reasoning for not being a bear yet is because of the prospect of a functioning exchange service.

Do you remember what happened at $144?

But, by all means, sell.

Why are any of you putting any effort into altcoins?

I am furious about this.

When one Bitcoin hit parity with the dollar it was a big deal. I wasn't here to see it, but I have been looking through articles from back then, and old posts.

I just want to point out that we are once again approaching a dollar parity benchmark. One centibitcoin will (possibly) be worth $1.00 on open exchange.

I would like to suggest a gradual shift in the mentality of Bitcoin pricing. I feel that it is less daunting in the long run to denominate $1000/BTC as $10/cBTC.

While I have no proof to back this claim up, I believe this will ultimately lead to stickier prices. While this may not please speculators, it would lead to a healthier Bitcoin economy, and a better public image.

Thoughts, rebuttals?

I am a reasonably good poet, I don't claim to be fantastic.

Pick a subject, give me the structure of the poem, and the length you want it to be.  Then I write it for tips.

E.g. (Bears, rhyming, 6 lines)

I saw a happy bear today,
He passed me on his merry way.
"You see my boy," he said to me,
"The crash will come, just wait and see."
I only smiled, and shook my head,
He couldn't see the trap ahead.

Call me a conspiracy theorist all you want, but I want you to notice something.

Bitcoin has been chugging along for several years now. It has had some mainstream attention, but the lack of public enthusiasm seems to be a factor holding it back. I have a theory as to why this is the case.

Back when the BTC reached parity with a dollar. I think that is when somebody noticed. Somebody with a big financial club to swing decided to step into the market.

Nobody with the kind of capital that such an entity would need, could be so stupid as to buy in and never stop buying. It would have made sense back then, but the market would have been swept away, and the slippage would be enormous.  Therefore I believe they did what smart money does. They kept quiet.

If any prominent investor, economist, hedge fund, or rich guy endorsed buying Bitcoins, imagine the impact it could have on public perception. Don't tell me that in all this time nobody important has looked at the fundamentals of Bitcoin and been impressed. Yet despite obvious pros and phenomenal potential as a long-hold, nobody with much clout has come out as a supporter. This isn't because they are too dumb to see the potential, they are smart enough to keep quiet.

I wouldn't be surprised if half of all coins are currently in corporate wallets, and half of all the trade on gox is between different arms of Wall ST, taking profit off each other and the Bitcoin general economy.

I expect that the first crash was orchestrated to shake confidence in the BTC, so that they could build up their reserves for a continued cycle of manipulation.

Now, I am aware that you can track all of the coins, and the transactions. I simply suggest that it is not beyond the means of a single person or organization to break up a large sum of coins and move them in a deceptive way to appear as if they were many autonomous users.

What this means in the long term: There would be no reason to manipulate a valueless premise, the manipulators would come out even. Thus I expect BTC to be a very profitable long-hold. Expect shocking revelations about who controls which coins in the distant future. Everything is going according to plan, enjoy having a ticket on someone else's rollercoaster.

Based on your market predictions, would you be willing to pay $20 today for 21 weekly payments of 0.05BTC?

I need to move some money around, because I am traveling back to the states in a few days, but my money is locked up in a dwolla transfer, I will be moving my money from pounds into dollars, and I need to do this as soon as possible otherwise I will be screwed when I get to america.

PM me if you are interested.

I am moving about $950, which will cover my loan entirely barring some massive upswing in the market, if that upswing occurs I am willing to negotiate an increased interest payment.

1Cw8t6pwumma2qHnDVQBfwfUnXRuq5Hu9B

[Edit] I am also willing to let multiple people split the loan, and each get part of the interest based on the amount lent.