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1  Economy / Speculation / Are there any other Optimistic Bears? on: February 05, 2014, 12:58:55 AM
It seems that broad public opinions on Bitcoin are *primarily* divided into two categories:

(1) PERMA-BULLS: People who grok Bitcoin, and thus are perma-bulls (most of this forum)

(2) PERMA-BEARS: People who do not grok Bitcoin, and thus are perma-bears (Paul Krugman, Peter Schiff, etc.)

I would like to propose a third, new, much rarer category:

(3) OPTIMISTIC BEARS: People who grok Bitcoin and believe in its future, yet acknowledge that, at present, Bitcoin and especially alt-coins are still in the midst of a major speculative bubble that must deflate before the next growth phase can begin.

If you're in category 3, then please join me in this thread. Welcome to the home of the optimistic bears. I would like to hear from you.
2  Bitcoin / Bitcoin Discussion / List of important bitcoin blogs, news sites on: January 16, 2014, 04:15:32 PM
Could you guys help me out?

I used to like bitcoinblogger, but it's no longer up.
3  Economy / Speculation / OMG THE SINGULARITY IS HERE COINZZ GOING TO A MILLION!!!!!!11111 on: April 03, 2013, 02:05:25 PM

4  Economy / Speculation / Historical daily mtgox data in csv format? on: April 01, 2013, 05:54:34 PM
Does anyone have this or know where I can get it?

It's quite urgent: I'm trying to get an article published and I'd like to feature a custom chart

5  Other / Off-topic / What to do if you're crazy about a girl that has a boyfriend? on: December 02, 2012, 09:21:26 PM
It sucks, any advice?
6  Economy / Scam Accusations / Move 4 Less on: October 08, 2012, 08:17:22 PM
Signed a binding agreement with them for a specific price after doing a full survey of everything. After the truck was fully loaded, they added another grand to the total and said they would SELL MY FURNITURE if I didn't pay.

Sry I know this doesn't belong here but I just had to vent somewhere. Everything's a scam

BA out
7  Bitcoin / Project Development / Source control with encrypted cloud backup on: September 20, 2012, 08:02:08 PM
So I've been using Mercurial and Bitbucket for a lot of my development, but I don't know if I trust bitbucket to not steal my source code. Given that, I was wondering: is there a good site similar to bitbucket that acts as a source control server, yet will store everything in an encrypted manner s.t. only I can access it (i.e. even the people operating the server cannot read the source)?

My thinking is that I should just establish my own local mercurial setup, and then regularly PGP up the full directory and backup the PGP file. It's probably the only way to accomplish what I want.
8  Other / Off-topic / Will we get fooled again? on: August 30, 2012, 12:38:30 AM

While listening to the awesome song, please take a moment to answer the pole

As for me, I answered "I have no clue"
9  Other / Off-topic / The Most Famous People in Bitcoin! on: August 21, 2012, 07:29:00 PM
Add some names w/ links and I'll add 'em here! Also, lets get the order right in terms of fame (subjective, I know) - so let me know not just the name, but where to put 'em in the list.

10  Economy / Speculation / A potential top @ $12.16: the bearish case on: August 14, 2012, 12:55:40 AM
  • Volume has been decreasing on each major move since mid-July
  • $12.16 is ~38% of the move to the all-time high, a Fibonacci resistance level
  • We could be ending a C-wave move of an a-b-c countertrend that began at the $2 low (which itself is a B wave, making the "crash" the A wave and the C wave yet to come)
  • The stability around $5 resembles more a sideways B-wave than a deep 2nd wave retracement prior to a large impulse move
  • On a logarithmic chart, the $2 low was still not within the 4-th wave area of the 5-wave bubble move to $32. This 4-th wave area is between 50 cents and $1.

I of course have no crystal ball, and the super-bullish scenario is also possible where we're starting a 3-of-3 up to past $32. But - if there's a bearish case to be made, then here it is, and here's me hoping for a buying opportunity in the future.

Either way, I'm long BTC, but if it gets to the $1 level, I'm buying even more with both hands. Fundamentals are the biggest reason to be bullish, especially with Silk Road growing like it has, so I'm quite curious so see how the next few months unfold.

Log Chart:

11  Bitcoin / Bitcoin Discussion / What could cause Bitcoin to fail? on: August 05, 2012, 02:04:44 AM
Everyone around me (in meatspace that is, not on the forums) tells me I shouldn't be so reckless by putting so much of my savings into BTC.

But really - what are the real risks here? Under what scenario could bitcoin possibly fail?
12  Bitcoin / Development & Technical Discussion / What's the deal with ASCII Bernanke? on: August 03, 2012, 06:18:02 PM

I don't get it... so Bitcoin lets anybody put any data they want into the blockchain, and we have to haul that data around forever?

Is this accurate? Are there any plans to mitigate this issue?

13  Bitcoin / Mining support / Can someone explain merged mining to me? on: August 03, 2012, 03:14:17 AM
Sorry for being stupid but I don't get how this works. If you choose a noonce and hash it with a block's contents, wouldn't it take longer to do this for a second, third, fourth (etc) blockchain? I know I'm must be missing something simple about how this works... Thanks in advance
14  Economy / Lending / [CLOSED] Need a 930 btc loan, will repay w/ 6.8% interest in 8 days on: July 29, 2012, 05:24:01 PM
I need a modestly sized short-term loan.

I have great rep. PM if interested.

15  Bitcoin / Bitcoin Discussion / Bitcoin radio/podcast? on: July 27, 2012, 07:41:59 PM
Does such a thing exist? Like maybe a weekly podcast or something?

If someone were to do this, I would gladly pay them some BTC each week to listen in. I'm obsessed with BTC and would love to be able to listen to updates on the bitcoin community while I work.
16  Other / Politics & Society / The War for the Internet has Begun on: July 25, 2012, 06:14:52 PM
Kim Dotcom - Mr President
17  Other / Politics & Society / Will the gov't confiscate IRAs? on: July 23, 2012, 07:07:19 PM

"This means that at some point in the future, when government comes under pressure from debt buyers to raise interest rates in order to offset the risk of a depreciating dollar and potential for default, the interest payments on our debt will rise significantly. Some estimates suggest that 60% of our outgoing payments will eventually be interest a number so large that it will literally destroy the US economic system as we know it. At some point, our international line of credit (provided by China, Russia, Japan, et. al.) will be cut off.

"In a last ditch effort to prevent complete financial, economic, political and social collapse, the government, like those in Argentina and Hungary, will move to seize private assets of Americans. Those assets are primarily held in IRA and 401k retirement accounts and they will become the targets of government intervention."
18  Bitcoin / Bitcoin Discussion / How many BTC do you have? on: July 19, 2012, 05:46:32 PM
Just curious Smiley
19  Bitcoin / Project Development / Pledging coins for ultimate blockchain compression on: July 16, 2012, 03:38:37 PM
I really like the concept of ultimate blockchain compression.

I don't have the time nor the expertise to contribute code to implement etotheipi's idea, but I do have the coin. I hereby pledge 10 BTC to the person or persons that implement ultimate blockchain compression. With such a scheme in place, I would feel much more secure about Bitcoin's future.

If you feel the same way, then lets make this a pledge thread.

Addendum 8/21/2012: Ripper has been entrusted to manage a bounty wallet, so send coins here:

Great news!

1. Your donation was rescued from, and now sits safely at this new bounty wallet I created:

20  Economy / Speculation / When will bitcoin hit $100? on: July 14, 2012, 01:20:51 PM
What say you??
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