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81  Other / Off-topic / Re: Celebration when price hits 420 on: March 27, 2014, 08:08:04 PM


Guess we better stock up in case it happens again...
82  Economy / Speculation / Re: All these people claiming 1 BTC = 1 million+ on: March 20, 2014, 08:13:54 PM
Probably the same people who claimed $1 Bitcoin when Bitcoin was at $0.001...
83  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2014, 07:46:02 PM
Damn those walls fell fast  Shocked
84  Economy / Economics / Re: Why are economists so afraid of Bitcoin? on: January 07, 2014, 11:50:59 AM
Bitcoin is a real world experiment. They know deep down that their theories are wrong and are afraid bitcoin will prove it...
85  Economy / Economics / Re: BTC vs CC for ecommerce, advantage CC. on: January 07, 2014, 04:57:30 AM
Because the merchant can offer 5% discount by not having to go through VISA. Or because they just like using bitcoins and don't care about the costs.
86  Economy / Speculation / Bitcoin 2013 in graphs on: January 02, 2014, 08:00:50 PM
Post relevant graphs!



87  Economy / Speculation / Re: The maximum possible value of Bitcoins compared to fiat on: December 28, 2013, 09:57:15 AM
Maybe the world economy today supports a value of $3.33M/BTC, but the world economy where bitcoin is used might support a higher number like $4M, thus my nickname.
88  Economy / Speculation / Re: Silk Rd 2 Raid on: December 20, 2013, 09:13:50 PM

Cops are just doing their job. It's the government cartels that are fucking filthy.
Yeah, like proffessional burglars and bankrobbers are just doing their jobs.
89  Alternate cryptocurrencies / Altcoin Discussion / Best code to modify into my own altcoin? on: December 14, 2013, 08:02:35 AM
As an experiment I want to create my own crypto currency. I am not that tech savvy but I have some programming background, mostly Matlab and C. Which is the easiest open source crypto currency to modify? Ideal would be just to have a conf-file with seed, average block time, difficulty adjustments, name etc and just modify those lines of code with the rest done in the background. Any suggestions?
90  Bitcoin / Press / Re: 2013-12-10 Bitcoin Proves The Libertarian Idea Of Paradise Would Be Hell On Eart on: December 12, 2013, 07:16:52 AM
http://www.businessinsider.com/bitcoin-libertarian-paradise-would-be-hell-on-earth-2013-12

Quote from: Business Insider
So the Bitcoin experience gives us a glimpse of Libertarian paradise: What life would be like with as little government interference as possible, in a market free of burdensome laws and taxes.

Unfortunately, that experience looks like a total nightmare. It's characterized by radical instability, chaos, the rise of a boss-class of criminals who assassinate people they don't like, and a mass handover of wealth to a minority even smaller than the 1% that currently lauds it in the United States.

If Bitcoin was a country — Bitcoinistan? — it would be like Somalia.

Somalia:
http://www.youtube.com/watch?v=qtGkTRnocZI
91  Economy / Economics / Re: What happens if traditional bankers kidnaps Bitcoin ? on: December 11, 2013, 08:05:14 AM
Let's say the traditional bankers start buying large amounts of bitcoins and they success in keeping almost all of them.

Now... for what purpose they would keep it, to kidnap it, avoid bitcoin flowing and therefore destroy it. Thay way they are rescuing value on the traditional money (dollars, euro, yens, etc) that will continue flowing.

Is there any way this beast named Bitcoin can escape from such situation ?

Like the movie Dune stated... "The spice must flow"
So basically they would "kidnap" the bitcoins by buying them and not spend them? What would happen is that they would spend less and everyone else would get to spend more. Win for us, lose for them. Doesn't sound so bad to me...
92  Economy / Speculation / Re: how much of your life savings is invested in BTC? on: December 10, 2013, 07:26:47 PM
Invested 1% which now is 10%.
93  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 07, 2013, 08:19:30 AM
Hitting the 1MB limit soon?
https://blockchain.info/en/block-index/445184/00000000000000048832c5b83c4fa63f0d40f973f71f43d1334673ca7d450f19
Size   878.2333984375 KB
94  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 01, 2013, 08:58:10 AM
Is there any graph to track price movements on the chinese exchanges?
http://btckan.com/price
I want these numbers as graphs in one graph...
95  Economy / Speculation / Re: [The Economist] The Bitcoin Bubble on: November 28, 2013, 10:13:45 PM
Kind of disappointing, coming from the Economist. It's a good paper, in my opinion, on most topics, but that's a pretty pedestrian analysis of Bitcoin.

For me TE is just Keynesian spam and tldr version of Time magazine without the nice pictures. Imo they should start with an edition for adults. http://www.youtube.com/watch?v=4TT81o4hL4c
96  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 28, 2013, 06:53:59 AM
does anyone know where i can find a graph of btc bid orders/ ask orders.  $35m vs BTC19,000 looks pretty bullish to me, but i want to see it on a chart

http://blockchained.com/
97  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 27, 2013, 06:42:26 AM
Litecoin is approaching a tenth of Bitcoin's market cap. That's probably too high given Litecoin's utility: hedge, tumbler, arbitrage instrument, testing ground for new ideas, and fallback in case of catastrophe. The market cap doesn't need to be much higher (as a % of BTC market cap) for those functions, except maybe hedging, so it won't be.

You can see the hedge function at work very clearly in the past few days: people want less exposure to Bitcoin but don't want fiat, so they buy altcoins. Once it's clear Bitcoin is again on the move upward, the coins will drain out of the alts and back into BTC. The altcoins are like Bitcoin's inflatable cushion. They reduce volatility and even existential risk.

Imo most events that can effect bitcoin and litecoin clearly are not independent. For example if US bans bitcoin you can be pretty sure that they also will ban litecoins. And if someone 51% bitcoin they sure can 51% litecoin also. So the case for litecoin is even weaker.
98  Economy / Speculation / Re: When will 1 BTC = $1,000 Prize Competition. on: November 26, 2013, 10:57:01 PM
27november 2013
99  Other / Off-topic / Re: Celebration when price hits 420 on: November 18, 2013, 04:14:34 PM
Let's celebrate 4200CNY
100  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 17, 2013, 07:36:40 PM
This $500 is starting to get boring. Get to $400 or $600 already!    Shocked
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