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"Normal people" can actually buy again.
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I'm trying to send coins out of coinbase.com. My last transaction broadcast fine, but took over an hour to get into a block because they didn't include a fee. I see no option to include a fee when I send funds. Am I missing something, or are they just not useful as a wallet?
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Price is over $400 in China, but $345 on bitstamp. WTF?
The Chinese can get an $8 RC car for my kid to my doorstep and make profit, and we can't export a bitcoin?
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Today, BTC acted like a real reserve currency.
Over the past few days, BTC was clearly ignited by concerns over the dollar. As soon as word of a debt deal was announce, we tanked. Whether or not a hyper inflated dollar would have had any real economic effect on BTC is irrelevant. The perception was there... and enough people familiar with bitcoin actuated a price movement. I was one of them.
Most interesting, is that the media hasn't picked it up yet. I've seen them connect dots that simply weren't there (Cypriot and Spanish financial crises), but this was real. It looks like we get to do it all over again in a few months, so maybe the media won't miss it next time.
BTC is officially a safe haven.
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It's only a matter of time before BTC is a safe haven.
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Ripple is supposedly going open source on the 26th. Is it possible to have miners instead of relying on a few people to distribute pre-mined coins?
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Assuming we are done, that wasn't much of a sell-off. Bids kept pooring in to offset the sells.
This might be the signal the sideline bulls need to drive us back up to high 100's next week.
Interesting.
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1) BTC is shortable and has a legitimate futures market. It's nuts if you can't hedge your positions.
2) A marketcap of at least 10 Billion
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Has anything fundamentally changed with Bitcoin in the past 72 hours? The last time I checked, MTGox was signing up 20,000+ people a day, and our biggest problem was that people can't get coins fast enough.
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btcchina.com seems to be picking up momentum.
Also, BTC is $144.55 vs. $121 here.
arb opp?
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I'm tying to better understand PPCoin's proof of stake reward system. Do I get coins for the existing coins I have? Can someone be kind enough to explain it to me?
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Which coin has the lowest transaction fees as it scales? Is there a coin that will eventually be able to do true micro-transactions.... like for $.0001?
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If the ultimate conveyance of control for an address with BTC is the private key, why not devise a transaction solution that simply transfers the private key. It would have truer anonymity, have no fees, and transactions would be instantaneous. It would also reserve the blockchain for transactions that require public record.
I guess the trick would be in getting the exact transfer amount in an address that you wish to convey, and ensuring the sender doesn't steel your coins later.
Any ideas on how to do this?
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Some sent me the following email. Is it an attack on LTC? --------------------------------- Hello, I'm sending to you, because I hope you'd be interested. I want to create a litecoin mining pool that would stress test the litecoin network. For now, it would attempt to permanently store data on their blockchain. Litecoin is vulnerable to this, because they do 1 MB blocks each 2.5 minutes with somewhat low difficulty. Blockchain based networks suffer from having to permanently store data. Services that offer backup space on the blockchain will appear eventually. They can work, because they externalize the costs to the whole network, while taking the profits to themselves. By having the problem demonstrated now, the community can find solutions faster. I don't have the pool frontend done yet, but I would welcome everyone who can donate some litecoin hashing speed to get the concept tested and help get me started. If you'd like to donate some CPU power, please: Download cpuminer from https://github.com/pooler/cpuminerMiner thread: https://bitcointalk.org/index.php?topic=55038.0Binaries for Windows: https://github.com/downloads/pooler/cpuminer/pooler-cpuminer-2.2.3-win32.zip (32-bit) https://github.com/downloads/pooler/cpuminer/pooler-cpuminer-2.2.2-win64.zip (64-bit) Binaries for Linux: https://github.com/downloads/pooler/cpuminer/pooler-cpuminer-2.2.3-linux-x86.tar.gz (x86) https://github.com/downloads/pooler/cpuminer/pooler-cpuminer-2.2.3-linux-x86_64.tar.gz (x86-64) Binaries for Mac OS X: (courtesy of shawnp0wers and phraust) https://github.com/downloads/pooler/cpuminer/pooler-cpuminer-2.1.2-osx32.zip (32-bit, outdated) https://github.com/downloads/pooler/cpuminer/pooler-cpuminer-2.2.2-osx64.zip (64-bit) Create config file cfg.json with contents: { "url" : " http://78.63.237.16:8341/", "user" : "xxxxxx", "pass" : "xxxxxx", "quiet" : true, "threads" : "2" } Edit the number of threads. Run miner with: ./minerd --config=cfg.json or minerd --config=cfg.json Your thoughts on this are very welcome! |
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This is a from a subscriber investment newsletter. Nothing new, but I like the last line. I also didn't remember the quote from the ECB report.
In Europe's crisis-ridden PIIGS countries, Bitcoin is no longer a fringe idea. And who can blame people after the cash grab in Cyprus this week?
Folks in Spain have been busy downloading three Bitcoin-related iPhone apps. One of them, "Bitcoin Ticker" jumped up in the ranks of the Spanish app marketplace from No. 526 to No. 52 in just 24 hours. Two similar apps "Bitcoin Gold " and "Bitcoin App" are also leaping up the charts.
Right now, holding Bitcoin seems less risky in light of Europe's political environment... not to mention a 1,360% appreciation over the past year and 55% just in the past five days alone.
Still, it isn't just the refuge of scared Europeans who don't want their deposits taken -- it's on the central bankers' radar too. The ECB published a report back in October 2012 on what it called "Virtual Currency Schemes."
The report says growing demand for something like Bitcoin "could have a negative impact on the reputation of central banks" because the public will interpret that demand as the central bank not doing its job properly.
Bring it on!
Meanwhile, a Canadian homeowner is selling his property for Bitcoin.
Taylor More self-listed his Alberta bungalow online on Monday as "Bitcoin Home!" After detailing the home's spacious 2.9 acres, beautiful scenery, the amenities, and 2,800-square-foot workshop came the Bitcoin part: "If you had $405k I wouldn't turn you down," he posted.
Sweet property for the winter-minded... Frontage on the Crowsnest River, the listing says
As we write this, Bitcoin is trading for a little less than $75... so it would take you roughly 5,400 Bitcoins to buy the home. Though he qualified it: "if a partial or whole transaction is done using Bitcoins the price can be reduced depending on how many Bitcoins you have to trade."
That's a far cry from what Bitcoin bought just three years ago when it took 10,000 to buy a pizza.
Brings to mind the time-honored definition of money --a medium of exchange, unit of account and store of value. Bitcoin is rapidly taking on all three.
Take that, central bankers!
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Suppose you discovered bitcoin today and you had significant funds at your disposal. How much would it cost for you to drive the price to $100 over a three month period? What techniques would you employ?
-- to clarify --
Drive the price to 100 and change the value perception long enough to make your exit.
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It is safe to say it is just another alt that will fail. Despite what others say, it IS an alt. The currency units are XRP (ripple credits) and here is the order book to trade them:  "When the Ripple network was created, 100 billion XRP was created. The founders gave 80 billion XRP to the OpenCoin Inc. OpenCoin Inc. is tasked with promoting the Ripple payment system, giving away XRP, and selling XRP." Opencoin, Inc filed for the service mark for "Ripple" and "Ripple Communications." So, everything is pre-mined and owned by themselves. While I applaud the developers for trying to create something disruptive, it will never gain traction. The trust network is too complicated and the amount of XRP and its mechanism of dispersal (or lack of) doesn't encourage people to value the currency. *Moderators should move this thread and the others into the alt category.* ----------------------- Most of us know of the 2 pizzas for 10,000 BTC... https://bitcointalk.org/?topic=137.0Well... I'll sell you my 10,000 XRP for 2 BTC!! First one to PM me gets them along with my ripple login.
Sent to xiangfu! Good Luck |
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