Guess we better stock up in case it happens again...
|
|
|
Probably the same people who claimed $1 Bitcoin when Bitcoin was at $0.001...
|
|
|
Damn those walls fell fast 
|
|
|
Bitcoin is a real world experiment. They know deep down that their theories are wrong and are afraid bitcoin will prove it...
|
|
|
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.
|
|
|
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.
|
|
|
Fkn filthy pig fucks. Silk Road was/is the best online marketplace that ever did exist. 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.
|
|
|
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?
|
|
|
http://www.businessinsider.com/bitcoin-libertarian-paradise-would-be-hell-on-earth-2013-12So 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
|
|
|
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...
|
|
|
Invested 1% which now is 10%.
|
|
|
Is there any graph to track price movements on the chinese exchanges? http://btckan.com/priceI want these numbers as graphs in one graph...
|
|
|
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
|
|
|
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/
|
|
|
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.
|
|
|
This $500 is starting to get boring. Get to $400 or $600 already! 
|
|
|
|