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Great new business. I wish you well.
(Time to check the attic, probably have some beta cards and signed by artist cards up there somewhere that would make someone else pretty happy.)
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Patience.... wait until everyone is sure the price is going lower.
That is the time to buy.
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I need this thing for my parents as soon as possible, cause I clean out viruses from their system pretty much every other month!
They can still store the bitcoins on an offline PC, use it to for tx signing, and use the online PC for broadcasting the transactions. Yet another thing to make Trezor more valuable...even the offline PC's are cracked. I'm less worried about the NSA than the folks who hack the NSA and can do the follow-on attacks. When the NSA does these things it leaves the door open for whomever else might walk through. Not everyone is as honest and forthcoming as Snowden. |
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any plans on making physical coin of any other cryptocurrency?  hopefully they only make BTC and LTC, all others are crap  If there were some demand for it, they would be made. Coin design and manufacture takes longer than most of the alt coins are in existence. |
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Agree!!!:
More people burn now means less chance to get more than 10x return like Mastercoin in short time.
Those kind of return (10x -> 1000x) requires that people highly suspect it in the beginning and then later found it real and useful. The extreme case is Nxt. Almost no one trusted it in the IPO stage (they got 21 BTC only), and then when the client came out and it worked, the price shot up because the demand suddenly increases but most chips are controlled in the hand of a few people and it's quite easy for they to hold and see the price up to the sky.
For XCP, 1) people are already quite familiar with the idea due to MSC; 2) the 'Prove by Burn' removes the trust issue; 3) the client is working and we can see the source code, so you can see that there're already 1200 BTC burnt in less than half a month. The situation, however, is almost the same after the IPO. Most of people want to buy will burn now anyway. For the demand from those new comers, the supply (from those want quick profit of 30-40%) will be enough to keep the low price.
Therefore, no reason to expect the price could rise significantly without any big news (e.g. a beautiful and user friendly client; a famous asset such as AM moves in; or a lot of bets like those in bitbet are available).
There is already 60 times more Bitcoins invested in XCP than there was in Nxt. Considering that most people invest to make a quick profit : this is not gonna work ! The profit from the people that invested early in Nxt was about 50 times (like me). We may have 100 times more BTC invested in XCP. People may loose money Yes. The risk is becoming more as the burned coin increase. The new burner may have great risk now. Every burners have lower stakes when new burners coming in. The only solution to keep the your percentage stake is to burn more. Since XCP functionality is very similar to mastercoin and it even has the codes compared to the vaporware in mastercoin, I don't see why XCP should not be valued at least half of Mastercoin market price. Fair XCP market cap valuation should be at 1/2 mastercoin market cap which is at 60 million$ right now. BTW: can anyone estimate how many days more until the burning is over ? Mastercoin spends more on marketing. Counterparty spends on code. Why is XCP expected to be 1/2 of Mastercoin? Really, the price of the coin isn't the point. It is the features, the utility and the implementation. Having a decentralized precious metal exchange is going to be worth it. The London Fix is out, counterparty is in. |
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The price might go down now, but it's not worth it. It will still take a while for the feds to sell, in the meantime the price will go back up, and then yo-yo. But really the people who will buy these coins aren't going to be dumping them on the market. They are buying to keep the supply controlled and the price high. :-)
It doesn't matter when they do it. Right now is when we have the knowledge that they will do it. Although there is some question about how much. It will definitely be 29,655BTC, but it could possibly be as much as 144,336BTC. It's getting priced in right now. It's being auctioned, this is not the reason for current movement. New Knowledge is always a reason for current movement. It clearly is not. You claiming this proves your ignorance. It only proves how important this is to the market, but it will take a day to filter in. And another three days for the reactions to the movement to settle out. Also currently price may be dropping a bit from Overstock, small influence though. There is still some wealth effect from the rise at end of 2013. This o.co overhang will begin to reverse when 1) Overstock takes advantage of BitPay's payroll feature and begins to allow its people to also be paid in bitcoin at a percentage of their compensation. 2) Time. When folks are buying their bitcoin off an exchange to use on overstock instead of using the ones they already have. 3) Supply chain, when Overstock is able to purchase its inventory in bitcoin. |
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Noobs, Chinese starts the holiday from 20th.... Yes they usually have 2-3 weeks off. Are you thinking that they won't get around to selling all the coins they are mining until after holiday? |
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Agree!!!:
More people burn now means less chance to get more than 10x return like Mastercoin in short time.
Also this may indicate a broader adoption, and greater implementation depth. Scarcity is less important than utility when assessing value. |
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However; I do believe that mankind has a big influence on the current global warming.
So a good start is changing mankinds behavior and lower carbon emission.
The methods being proposed to "lower carbon emissions" would be devastating to the world economy, lead to the death of millions from reduced quality of living conditions and could lead to technological slump that we, as a race, might never recover from. I happen to be somewhat skeptical on global warming (agnostic rather than denier) but even if its true, our response to it needs to be cautious and closely monitored. AGW advocates often espouse the precautionary principle but the precautionary principle tells us not to drastically change the way we're doing things without good cause. You do have to admit, it is the best excuse TPTB have come up with for total world government takeover yet. |
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There is a live conference going on in China atm, they just said "Japanese public television: There is a question about bitcoin, as China's central bank on Bitcoin development in China how to treat? Do you think bitcoin will bring what risks? The Chinese government should prohibit the use of bitcoins it? 2014-01-15 12:22:09 Shengsong Cheng: About Bitcoin problems, the People's Bank and other five ministries jointly issued a notice, I would like to emphasize, first, we propose, is not the true meaning of bitcoin currency. Second, we prompt the Bitcoin risk and made the request. Bitcoin is a specific virtual goods. What I understand is called money? The first is the medium of exchange currency is widely accepted by society as a whole medium for the exchange of commodities. Monetary developments in the history of thousands of years, once the physical currency, the final form of physical currency is gold and silver. Like Marx said natural gold is money. The most essential characteristic of money is a medium of exchange and measure of value. Itself to be valuable, so it can be denominated. Since gold production is limited, it can not meet the growing social and economic development, so the gold standard collapsed. From the later seventies of last century, the world monetary credit system completely behind monetary credit system is a powerful force of national credit and forced the country, so we put the national currency, credit currency called legal tender. 2014-01-15 12:22:27 Shengsong Cheng: We take a look at Bitcoin, Bitcoin is not having the characteristics of these currencies? As far as I know, the vast majority of countries do not recognize the Bitcoin currency status. Currency in circulation in addition to the media, the value of scale functions, there is a very important function is denominated instruments. Bitcoin itself is not denominated in the currency, nor as the quote currency is possible. Plunged wild speculation "currency" can be used as currency it? Bitcoin transactions for good, good investment, you need to pay attention to its risk. People's Bank and the relevant departments will continue to focus on the movements of Bitcoin and associated risks, strengthen the monitoring, analysis, and guide the public to establish a correct concept of money and investment philosophy. Thank you. " I don't really know what this means. I used google translate on this page:- http://www.china.com.cn/zhibo/2014-01/15/content_31172976.htmI read the Chinese version and basically it says don't buy bitcoins, sodl all your bitcoins if you have any, and if you don't have any then shotr at maximum margin. Edit: Just wanted to say that my interpretation has been confirmed by sources. It is closer to "we the wise government understand things, the little people do not understand things and so need to be protected from risky things like bitcoin by us the wise government, gib dem to usssss" |
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"Just leave" is a poor solution, especially when I am in one of the most population dense areas in my state. I probably am moving elsewhere when I finish my degree, but that won't help the millions of people that have no option to but to live with the situation (most people in my state are too poor to even think about moving). Ultimately lack of population density is the main problem, but at least with common carrier lines there was the possibility of smaller fish focusing on service to clean up the scraps left by the whales. Without such options, I am currently a scrap that can only access the internet though my phone or by visiting a friend.
Seriously, just get tethered. Even if you only have to pay for one month, it'd be worth it (if you don't know how to do it for free) I didn't say to leave, didn't advise you at all actually, just noticed that your priorities are different than mine. I need highly available networks. I just wouldn't remain in a place that didn't have multiple network options. Yes, tethering is one of my go-to options. Just one network link is a failure state waiting to happen. And...It beats hoping the feds will be "helpful" with new regulation. |
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Was missing activity here so thought of posting something. I got my Refund for the defective Riser cable from Aliexpress.  Yes we need some more people to keep this thread active all day. And congrats on getting the refund. Thanks. Well don't you think we need a mining pool for Pakistan? It would be cool to host the first ever mining pool made for Pakistan. Will see it in the future when I will have some extra money. I have some friends from PXC who can help me do that. Mostly needed is an exchange for  |
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who pays the expenses of a zero fee pool, and why? Nothing is free, where is the money coming from?  True dat, what is the reason given for a zero fee pool? What is the owner getting out of it? A fee-free pool to mine on themselves.  So, the only benefit to the pool owner (vs. solo mining) of having tons of people to answer to (or ignore as the case may be) and opening yourself up to potential DDoS, is reducing your variability? Does not seem like enough of an incentive to me. That's the whole purpose of pools in general. There is also the fractional coins left in the pool that folks forget about when they move on. Like change in a wishing well pond. |
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HUGE, in my opinion! one of the biggest banks is flirting with BTC  Wells’ anti-money laundering chief, Jim Richards, has launched a group to examine how it might safely offer Bitcoin-related services or banking arrangements to virtual currency entrepreneurs, according to people familiar with the initiative.
Wells chief executive John Stumpf said it was the bank’s practice to examine financial innovations.
“We have made enormous investments as a company and as an industry in a payments system that is secure, and we need to be sure we are up to speed with what other things are going on and their risks and rewards,” he said.
“We want to make sure we understand what it is, what it does and what it does not . . . . The world is changing and will continue to change. Whether Bitcoin will be a big part of that, who knows?” Wells closed one of my accounts a couple days after linking it to Coinbase with ACH. They declined to explain. |
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Very good kids. Now let's try it with colors. http://www.youtube.com/watch?v=bTPQKyAq-DMThis guy is a bitcoin evangelist, and he also says it's not a currency. Banque de France, quit wasting time and tell us something we don't already know. Heh, I was in that room. Its not just a currency. Network, platform, invention... |
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Love the the 'Cold Hard Cash' bitcoin silver coins - they make great gifts to spread awareness, and are pretty cheap to boot Thanks Bitgild - you are becoming a legend in the north-east of England K. Thank you for your feedback. Newliberty did a great job in designing this beautiful coin, I'm glad you like them. |
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I highly doubt anyone is going to get the bounty, OP is just stealing your ideas, Unless this comment makes him reply in rage.
You must be new here. Let me check.... yep, less than 2 months. Yoch has been around forever, and is very professional. He's probably one of the more successful miners on this forum. In the past, he has posted bounties for questions. When they're answered, he pays. Frankly, I'm more interested in a uniquely interesting success than a 0.25 BTC bounty. As I slowly inch myself closer to the solar powered mining array that heats my pool and jacuzzi and sauna, and dry's my towels, I can finally aspire to that noble profession: towel-boy. Yoch's efforts can only benefit this result. When my rig is lit by the power of the sun and nothing is wasted from its output, we'll have something worthy. Whatever Yoch's ultimate result will be, it is sure to be interesting. I have a little math yet to do on the surface area of the pool and daily average unheated temperature to see how many BTUs I can pull out of a server room. Having a little tropical pool zone would be a nice bonus to a mining operation. Until then I can savor imagining the extra enjoyment of reclining in a jacuzzi knowing that it is heated by the byproduct of securing bitcoin. |
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Blitz is right. Many here are very badly prepared psychologically for the event of a long term bear market. Do I expect $100 coins? Lower? No. Is it a distinct possibility, outside of a fatal crash to $0? Yes, unquestionably. Dismissing the possibility out of hand, as many here do, is laughable. Queue log chart, etc. that is supposed to show me that trend break is impossible.....
I think many may be very badly prepared for a long-term bear market because it seems rather unlikely at this stage. The only reason I can think of for this to happen over the next couple of years would be a catastrophic technical event rendering the security of the protocol unreliable. China ban, bubble-theorists, etc... none of that has the power to cause a long-term bear market considering where Bitcoin is now. What else do you think might cause such a change in market sentiment at this stage? Even the China ban was on the heels of China broadcasting video about the wonders of bitcoin. Bitcoin is in China to stay, they just haven't figured out how to handle all the issues and so are putting a hold on the big business until they do. |
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Deep packet inspection by ISPs has been going on for at least a decade. They never needed priority as an excuse. But keep on cheering for more centralized control of our networks. Soon all my traffic will be encrypted on Comcast's network.
Sure it happens, but it is relatively rare and expensive to do pervasively, even in places where the government claims the authority and is uncontested to do it at will, it is still relatively rare. Putting this financial incentive in front of it will ease the burden making it more common. When we brought our new shiny QoS high speed ATM and MPLS switches into China, knowing what to say, and what not to say, and to whom, remained important. |
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