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Someone suggested we do "Money for Nothing" instead....
Now look at them yo-yo's, that's the way you do it
You mine some bitcoin on the internet
That ain't workin' that's the way you do it.
Money for nothin' all the coins you get.
Now that ain't workin' that's the way you do it.
Lemme tell ya them guys ain't dumb
Maybe get a blister on your little finger
Maybe get a blister on your thumb
We gotta install microwave ovens
Custom kitchen deliveries
We gotta move these refrigerators
We gotta move these colour TV's
See the little miner with the hoodie and jeans
Yeah him, slouched in his chair
That little miner got his own orange lambo
That little miner he's a millionaire
We gotta install microwave ovens
Custom kitchens deliveries
We gotta move these refrigerators
We gotta move these colour TV's
I shoulda learned to run a server
I shoulda learned to write some code
Look at that miner, he got it merge mining scrypt
Man we could have some fun
And he's up there, what's that? Server fan noises?
Bangin' on keyboard like a marionet
That ain't workin' that's the way you do it.
Money for nothin' all the coins you get.
We gotta install microwave ovens
Custom kitchen deliveries
We gotta move these refrigerators
We gotta move these colour TV's, Lord
Now that ain't workin' that's the way you do it.
Lemme tell ya them guys ain't dumb
Maybe get a blister on your little finger
Maybe get a blister on your thumb
Now look at them yo-yo's, that's the way you do it
You mine some bitcoin on the internet
That ain't workin' that's the way you do it.
Money for nothin' all the coins you get.
Money for nothin' all the coins you get.
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...
Bitcoin is not so easily manipulated, no one can naked short bitcoins...
...
Why not? All depends on what trading rules exchanges follow. If bitcoin ends up as a new asset-class in existing commodities-trading infrastructure, how would that be any different than paper-gold trading? You can't naked short bitcoins, but you can naked short paper bitcoin through debt contracts provided you are sufficiently trusted and the CFTC doesn't get in your way. The big difference between the paper-gold market and the paper-bitcoin market (other than its nascent existence) is that Bitcoin People aren't so stupid as to believe that an ETF is a pricing metric for anything other than the ETF. Gold people tend to still see the ETF price as a meaningful price for the physical and use it for trading. That's why there are folks shorting the ETF and buying the physical. Bitcoiners are just smarter and more attractive than most people. Less likely to fall for that game. Maybe later when there are more sheeple in the bitcoin community this will change and the sheeple will get fleeced. |
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The Amsterdam conference was non-stop excellence.
This is going to be even better, no doubt about it.
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This one I don't like. He makes jokes and disrespects my flour. I have sent him a present.
The present arrived, it has now become the past. Flour is mighty. It gives great rise. Makes much bread. |
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He is just whining because he missed getting his limit order on bitstamp filled. We should be keeping a list though, and make a game out of it like bitcoin bingo... Whenever the head of one of the largest 24 banks in the world denounces Bitcoin, you get a box checked out. 5 in a row wins. Hey... that could actually be fun. Who want's to buy a bitcoin bingo card? Someone go code it up and start taking orders.  |
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He is just whining because he missed getting his limit order on bitstamp filled. We should be keeping a list though, and make a game out of it like bitcoin bingo... Whenever the head of one of the largest 24 banks in the world denounces Bitcoin, you get a box checked out. 5 in a row wins. Hey... that could actually be fun. Who want's to buy a bitcoin bingo card? |
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Wallet in sync, first transaction failed second (ten minutes later) arrived.
All checked out thoroughly - but I will report back when my ticket progresses beyond "Awaiting assignment to a support agent"
Try the MTGox Withdrawal Delays thread. Its only 148 pages long instead of 4K+ but more focused on your topic https://bitcointalk.org/index.php?topic=179586.2940;topicseenThanks - but it wasn't money withdrawal - that is dreadful, I know, it was BTC - normally pretty instant... I will just have to wait and see. They also discuss that in the other thread. Lots of folks have issues with it. Coins fresher than 100 blocks get mixed in and your transaction doesn't process. Lots of miners point their reward to their gox account so it happens more often than we'd like (or maybe its another reason, lots of discussion in the withdrawal thread). |
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So who is going to take BTC to 20000$ if the chinese and the big money from the bankers are no longer inerested in it?
First of all, it is the proprietorial desks of banks that would be investing in bitcoin and they certainly would publicly denounce any possible investment until they were fully invested. Second, the big money will be coming from hedge funds and pension funds. Those are probably waiting for Winkles to be smoothed out. Testimony in early Feb will suggest something there. The corporate international settlement market would benefit from "Stealth Addresses" so their competition can't research their intentions and money movements. The mining centralization still poses some existential risks (So Jamie Dimon or whomever can't send thugs to the homes of the 3 biggest mining pools to kidnap the women and children until they rewrite enough transactions to destroy bitcoin confidence) There are some business and technical issues to resolve ahead of the next "investment" traunch (+USD100B) Meanwhile usage ramps up. I am hoping 2014 is the year of the 2-4x price movement instead of 10-100x |
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Wallet in sync, first transaction failed second (ten minutes later) arrived.
All checked out thoroughly - but I will report back when my ticket progresses beyond "Awaiting assignment to a support agent"
Try the MTGox Withdrawal Delays thread. Its only 148 pages long instead of 4K+ but more focused on your topic https://bitcointalk.org/index.php?topic=179586.2940;topicseen |
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I hope Dimon keeps preaching against bitcoin and that everyone that follows him sells or doesn't buy.
When comes the time to separate the quick from the dead.
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don't think we will ever see any of it again  chances are it was al dumped for fiat before the price rise so even if they still had all the fiat they prob couldn't even pay back 20% of what they took due to price rises US Legal Tender law allows debt settlement in USD regardless. |
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Ripple != XRP.
I understand that people are not too excited about XRP (neither am I...) - Ripple on the other hand is a great thing to have.
Find a thread where this is apropos please. |
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It's fun to learn that Ripple is a "Bitcoin startup". Ripple is the next step for crypto currencies. Believe or not but this is the future. lol ok Have you even one argumetn against ripple ? Sure, but they would be out of place in this thread. |
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Many are based on blockchain dependent variables (so the results depend on the mining of a future block). This makes it difficult to cheat, unless you are the ones mining the block, or your block gets orphaned.
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Thanks for listening.
(And for putting up with the computer fans in the background)
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It'll be interesting when OS's suppliers also start accepting BTC and they won't need to cash out. For every $100,000/day get's trapped in the bitcoin system with no cashout, it supports a price increase of $27/BTC.
this would lead to a monumental bubble of all bubbles I would be happier when they offer it as a payroll option to their employees. Suppliers taking it is a little bit good, employees taking it is a lot good. Much more buzz, it provides a greater competitive advantage for o.co and will lead to better employees, more savings, swifter adoption. |
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Many Bitcoin users will just replenish their BTC when making a purchase on these sites too, if they are still wanting to hold as much coins as possible.
Overstock might be surprised at how much new business they get when bitcoin goes up significantly. Buying stuff may be the best way to take profits from a tax avoidance standpoint. I'm planning a whole bunch of purchases myself. That, plus anyone knows how much coinbase/bitpay charge merchants to process btc? If it's lower than 3%? credit cards charge merchants will embrace it with both hands as it bumps up their profit margins. Once wall st sees that there's $ to be made and wider adoption they won't sit on side lines. bitpay is 1% ( this includes currency conversion, its unbelieveable! ) Less if you use their flat fee options. All you can process... |
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Nope, though he is a Lutheran, so the "Reformation Day" Oct 31 release of hte whitepaper might jibe... |
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