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3081  Bitcoin / Bitcoin Discussion / Re: will bitcoin be the irrational exuberance of our times? on: July 27, 2014, 06:27:19 PM
The dotcom boom would be the altcoins. Bitcoin itself would be the telecom monopolies like Verizon, U-Verse and Comcast.
3082  Economy / Speculation / Re: Bitcoin Is Dying, And why it is different this time. on: July 27, 2014, 06:15:24 PM

Tic Toc!

Buys back in at a loss in 3...2...1...

You'll make up for it in the next jump. Many of us made the same mistakes. That's how we learn.

As we have seen in the past years, when the despair is spreading among the holders and the weak hands sell all their bitcoins,
the rally starts.
I'm timing the sale of my home to hopefully hit that point.  Shocked
3083  Bitcoin / Bitcoin Discussion / Re: Bitcoin 2.0 Apartheid on: July 27, 2014, 06:11:51 PM
From what I have read about bitcoin 2.0 it is a "sidechain that fixes certain thing about Bitcoin" and its backed by bitcoin. I still don't understand it. What does it fix? Confirmation times maybe? Would you mind breaking it down a bit if you know any more about it? I am thinking that maybe there isn't enough info about it to get people talking about it.
Without a forum for it, that's not going to happen. There are off-site places, but there needs to be one here.

edit: It's not necessarily a sidechain. Colored Coin is simply metadata of bitcoin transactions using the Bitcoin blockchain.
3084  Bitcoin / Press / Re: [2014-07-25] Ecuador Becomes First To Outright Ban Bitcoin on: July 27, 2014, 06:09:39 PM
This is a good thing. Educating a marketplace is time consuming and expensive. Ecuador is picking up the tab. When people learn about cryptocurrencies, they will discover Bitcoin.
3085  Economy / Speculation / Re: Bitcoin Is Dying, And why it is different this time. on: July 27, 2014, 05:57:36 PM

Tic Toc!

Buys back in at a loss in 3...2...1...

You'll make up for it in the next jump. Many of us made the same mistakes. That's how we learn.
3086  Bitcoin / Bitcoin Discussion / Bitcoin 2.0 Apartheid on: July 27, 2014, 05:30:19 PM
Unless you have a pump and dump altcoin like ether, xrp, mastercoin, counterparty, or others, there is no place in the forums to talk about Bitcoin 2.0 experiments. They are not altcoins, because they are 100% pure Bitcoin. I've posted in Meta that they deserve their own forum, but it falls on deaf ears. There seems to be prejudice against them because they don't benefit some VC.
3087  Bitcoin / Development & Technical Discussion / Re: Programmability of Coloured coins on: July 27, 2014, 05:19:29 PM
That's the kind of thing Ethereum promises. We'll see.
3088  Economy / Speculation / Re: Hyperbitcoinization on: July 27, 2014, 05:07:37 PM
It's a good article, but the problem with forecasting is that the future gets in the way. There are factors it overlooks. For instance, altcoins. They are a real wildcard. Fiat currencies could become hybrids which would give them some lasting power. The article is good in general in relation to the technology, but not necessarily to Bitcoin itself, though I myself give Bitcoin a 90% chance.
3089  Bitcoin / Bitcoin Discussion / Re: Is Facebook about to embrace Bitcoin? on: July 27, 2014, 11:31:11 AM
On the other hand Facebook can probably do whatever it wants because it is too big to fail. If regulators try to fine FB they will threaten to kill Farmville and half our workforce will commit suicide.
3090  Bitcoin / Bitcoin Discussion / Re: Will Satoshi Nakamoto be world's first trillionaire ? on: July 26, 2014, 06:46:44 PM
There probably already is a trillionaire in the House of Saud. If not, then the next war will make one.
3091  Bitcoin / Bitcoin Discussion / Re: Is Facebook about to embrace Bitcoin? on: July 26, 2014, 06:40:49 PM
http://www.cryptocoinsnews.com/news/facebook-meet-bitcoin-get-bits/2014/07/23

Quote
On July 17, BitPay announced the launch of Get Bits, a simple solution to Get bitcoins anywhere in the world. If “What is a Bitcoin?” is the number one question asked, perhaps “How do I get a Bitcoin?” is the second most asked. Buying bitcoins is one of the biggest hurdles to getting started; that’s why BitPay created Get Bits. Get Bits lets you give and receive bitcoins to your friends through your Facebook.

I'm calling it first: Facebook WILL purchase BitPay for $xB.
I used to think that, but I have suspicions that there are wheels within wheels in the Bitcoin world. I think the only business qualified to buy BitPay is Google.
3092  Bitcoin / Bitcoin Discussion / Re: Is Satoshi Nakamoto The Man Of Sin mentioned in the holy bible? on: July 26, 2014, 06:26:01 PM
How would anybody know that? What is this, the Spanish Inquisition?
3093  Bitcoin / Project Development / Re: Help with estimation of a small caliber game on: July 26, 2014, 06:18:11 PM
I would look on game developer forums instead of Bitcoin development because it has nothing to do with Bitcoin outside of being a simulator. I'm not saying it won't be fun, but it doesn't help develop Bitcoin apps. If this is to be considered a serious game involving altcoins, political and legal drama, scams and China, then I would pitch it to a major game company or make a card or boardgame. I could see Bitcoin as a Steve Jackson game.
3094  Bitcoin / Press / Re: [2014-07-26] Why Bitcoin May One Day Split Into Black and White Coins on: July 26, 2014, 04:48:53 PM
People would shop with the local currency and save with Bitcoin. I'm not saying they are right to do this, that's just how they roll.
That's what a naive interpretation of Gresham's Law would suggest, sure.
Or they will invest in stocks, mutual funds, or even municipal bonds. I'm not invoking Gresham's law at all. This is about savings, not currency.
3095  Bitcoin / Project Development / Re: Help with estimation of a small caliber game on: July 26, 2014, 04:46:06 PM
I am developing a game as well. It's in its very early planning stages. First, do you have a market for this game the way you envision it? Have you modeled it in analog form as a proof-of-concept? Does it have to be a computer game? Board games are really coming back in popularity. I'm also interested in the questions you pose, but it's difficult to gauge the answer without a lot more information.
3096  Bitcoin / Press / Re: [2014-07-26] Why Bitcoin May One Day Split Into Black and White Coins on: July 26, 2014, 04:37:33 PM
I see it as an evolutionary thing. I agree that price between Black and White will decouple with Black winning. That's the same thing that would happen if a sovereign issues a PoS cryptocurrency and it is traded on the open exchange. People would shop with the local currency and save with Bitcoin. I'm not saying they are right to do this, that's just how they roll.
3097  Bitcoin / Press / Re: [2014-07-26] Why Bitcoin May One Day Split Into Black and White Coins on: July 26, 2014, 04:20:13 PM
"I would like to buy your product. Do you take Black Coins? You do? You are under arrest."
3098  Other / Meta / Re: Can we get a colored coin sub-forum? on: July 26, 2014, 02:13:57 AM
Because colored coins are nothing but Bitcoin outputs,  they can be posted about in ant Bitcoin discussion. Agree or disagree?
3099  Economy / Speculation / Re: Thing about price dropping of BTC that people dont get on: July 26, 2014, 02:08:08 AM
Stay Calm
And
H O D L !
3100  Bitcoin / Bitcoin Discussion / Re: [2014-07-17] Bitcoin regulation in state of New York is announced. on: July 25, 2014, 06:42:04 PM
Everyone in New York use Darkwallet and Tor. Done.
"Yes, I would like to buy your product. Do you take unregistered bitcoins through Darkwallet and Tor? You do? Thank you, you're under arrest."
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