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341  Economy / Speculation / Re: We missed the moon on: January 15, 2015, 06:10:37 AM
We need to get a couple of celebs to gain interest... Lebron "For my next destination I'm taking my BTC to ......"

I think you might be right, we need some celebs like Justin Beaver etc
We all need to to be Justin Beaver from time to time.
342  Bitcoin / Bitcoin Discussion / Re: Bitcoin revealed: a Ponzi scheme for redistributing wealth - Washington Post on: January 15, 2015, 06:08:28 AM
I read The Honey Badger Times. They give slightly less than a fuck.  Grin
343  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 15, 2015, 05:48:10 AM


'Be Fearful When Others Are Greedy and Greedy When Others Are Fearful' - Warren Buffett
344  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 15, 2015, 05:39:45 AM
Throwback 2011:

Quote from: rizzn
Quote from: Olomana
Quote from: rizzn
There doesn't seem to be a great deal of new capital entering the system...
Bitcoins are still being mined, and some fraction of those are sold to pay for electricity.  There's enough new capital coming in every day to pay for the electricity.

I can agree with your first two assertions, but I don't see market evidence of the last one. If substantial amounts of capital were being brought in, there would be a number of indicators of that (most notably that the market would be trending up rather than down).

where's the timestamps?
I took them out so folks won't necro them. They are easy enough to search.
345  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 15, 2015, 05:33:52 AM
Throwback 2011:

Quote from: rizzn
Quote from: Olomana
Quote from: rizzn
There doesn't seem to be a great deal of new capital entering the system...
Bitcoins are still being mined, and some fraction of those are sold to pay for electricity.  There's enough new capital coming in every day to pay for the electricity.

I can agree with your first two assertions, but I don't see market evidence of the last one. If substantial amounts of capital were being brought in, there would be a number of indicators of that (most notably that the market would be trending up rather than down).
346  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 15, 2015, 05:16:58 AM
We need a reset to 2 or even 1 digit numbers, before the story with mtgox and its money from thin air. Maybe another bearish year will fix bitcoin.
Not until it is 100% guaranteed that another gox/stamp won't happen.
347  Bitcoin / Technical Support / Re: why this transaction still unconfirmed ? on: January 15, 2015, 04:54:30 AM
For one thing, they didn't include a fee. That will slow it down a bit. Greedy miners.  Grin
348  Economy / Speculation / Re: We missed the moon on: January 15, 2015, 04:49:10 AM
Bitcoin will come back again.

Next run will be powered by decentralized exchanges like coinffeine (for on-ramping) and bitshares (for trading). This wouldn't have happened without stamp, gox, and all the other continual fuck-ups by exchanges. Antifragile means we adapt and evolve.

And OpenBazaar (for commerce)  Wink
Decentralized exchanges will be slow and steady. They will provide stability.
349  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 15, 2015, 04:46:05 AM
Stop with the ccmf. Not yet, not yet. When it happens, you will KNOW.
I will post no train before it's time.
350  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 15, 2015, 04:40:11 AM


CCMF!
351  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 15, 2015, 04:01:16 AM
Train ran out of coal?  Cry
Dude, we need to rebuild the tracks first.
352  Bitcoin / Bitcoin Discussion / Re: what is the spooky crazy rumor circulating about bitcoin? on: January 15, 2015, 03:57:51 AM
that is like dead and no FOOL will buy it.

many people already lost a alot of money. these are ordinary people and will never come back to Bitcoin.

The core of this shit, called Bitcoin are the normal(ordinary) people with 100-1000 usd to "invest". Once they are burned, they will not come back.

of course, the "smart" ones (exchangers and few others) earned A LOT.


I don't know anyone that recommends investing in Bitcoin. In fact, most bulls are emphatic that folks use dollar cost averaging and not impulse buying. Anyone that used DCA over 2014 is only down about 60% and if they are still buying then it will likely average out reasonably soon at this level.
353  Bitcoin / Bitcoin Discussion / Re: Sell me this bitcoin.... (Wolf of Wallstreet) on: January 15, 2015, 03:53:02 AM
Quote
Do you even know what a 51% attack is? It only does limited damage as long as it is sustained. With Bitcoin a 51% attack, even if possible is not sustainable.

Yes, I'm well aware.  Why wouldn't I be?  Too bad that ultra secure 'network' is still prone to attack.  And no, it's not a mathematical improbability.   I've seen what has transpired with several other alts when there's a monopolization of control on certain pool servers.  Yes, armed robbers can enter a bank and steal a chunk of the institution's funds.  Problem is, banks are FDIC insured.  Who insures the blockchain in the event of catastrophe?  Or is it just a case of user stupidity for keeping btc on the blockchain. Smiley

Quote
Bitcoin is instant if you trust your payee, just like PayPal and credit cards. Bitcoins can be reversed up to ten minutes or so while PayPal and credit cards for six months.

Trust? Lol.  Apparently you don't understand the meaning of semi-transparency or complete transparency.  Refer to how that whole trust thing got people who used the largest exchanges.  I'd barely trust my own family when sending fiat, let alone a transparent form such as crypto.


Quote
Bitcoin isn't meant to protect you from your own foolishness. You can always pay for your own insurance, but why should I pay for your foolishness?

That's a mighty fine form of idealism you got there.  This world you live in...I'd love to visit.


Quote

If you forget or lose your wallet, you have no card or cash.

Quote
Bitcoin isn't meant to protect you from your own foolishness. You can always pay for your own insurance, but why should I pay for your foolishness?

Oh, the irony.  So user error only applies to fiat and cc's? Gotcha.  I can place my fiat in a mini bullet and fire proof safe, then place that safe in a safety deposit box inside an armed, secured bank.  

I can replicate my bitcoin wallet on several cold storage devices...and all of the devices could fail. You know...cuz like...electronics are all subject to failure.


Quote

Don't take your freedom for granted or you will lose it all.  

Probably the only area we agree.

Quote

Merchant acceptance and Bitcoin vendors are skyrocketing.  

Yet merchant adoption is the same thing that hinders its price growth.  Here's a hint: merchants don't give a damn about Bitcoin or its promise like a prospector.  Their sole goal is to convert it the instant they get it to...that same very currency bitcoiners despise: fiat.   No way would they hold btc and subject themselves to mass potential losses from such a volatile market. More merchants = more bitcoins being dumped onto the market on an hourly, daily, and monthly basis = more price suppression.


 
Quote

You pay fees to use banks and credit cards. Fiat lenders charge more than 1600% interest for many people. That means they lose 95% per year, more than Bitcoin lost.

To quote yourself, you can't protect yourself from your own foolishness.  Those who hoard credit cards and manage to dig themselves in huge debt and don't pay off their balances monthly deserve to reap what they sew.  Additionally, way to cite an outrageous extreme source to back your argument.  I get charged 12.9% APR on my visa platinum card, which I don't see any of...because I'm responsible with my finances and pay my balance off in full every month.  I don't mind paying a $50 annual fee, because...the amount of money I could possibly save in the event of fraudulent charges makes that such a small price to pay.  

Tell me what percentage of your coins you can recoup should you be scammed by a payee a few days, or weeks later?

You're also comparing fiat lending services to btc.  Now tell me how btc lenders work and how much 'insurance' you have should they pack up and steal your coins.  


Now, sell me this fiat?

I just did.  And with that fiat, you could buy a pen.  At any store in the world. Now tell me the same can be done with your bitcoin. Smiley


We'll have to agree to disagree. You have not changed my position and I haven't changed yours. Time will be the judge. Goodbye.
354  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 15, 2015, 03:39:06 AM
I lost as much as anyone, but fuck it! You gotta be in to win!
355  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 15, 2015, 03:37:00 AM
356  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 15, 2015, 03:30:47 AM
For whats it worth, I am  a fan of Btc and have been following since last Nov, but I must say, The TA on here has been atrocious.

And please stop with the cheer leading posts, its laughable

ccmf posts make me cringe
They hate us because they ain't us!
357  Bitcoin / Bitcoin Discussion / Re: what is the spooky crazy rumor circulating about bitcoin? on: January 15, 2015, 03:26:39 AM
Enough of this honeydicking.
358  Bitcoin / Bitcoin Discussion / Re: Sell me this bitcoin.... (Wolf of Wallstreet) on: January 15, 2015, 03:17:18 AM
Quote
Bitcoin is super secure: Yet the blockchain is vulnerable to 51% attack if miners begin a mass exodus out
Do you even know what a 51% attack is? It only does limited damage as long as it is sustained. With Bitcoin a 51% attack, even if possible is not sustainable.

Quote
Bitcoin is ultra fast: 15 minutes average for a confirmed transaction time.  I can pay with something via paypal or credit card in a few seconds, instantly.
Bitcoin is instant if you trust your payee, just like PayPal and credit cards. Bitcoins can be reversed up to ten minutes or so while PayPal and credit cards for six months.

Quote
Bitcoin is safe: I send 30 bitcoins to a scammer in Europe who promises to deliver goods.  I don't receive said goods.  I am now out 30 bitcoins.   I send $3,000 via a Visa card to a scammer in Europe who promises to deliver goods.  I receive nothing.  I then provide all documentation to the fraud department at Visa and am reimbursed fully within a week.    Seems to me this little increased 'transaction fee' is worth the peace of mind in a scammy society, no?

Bitcoin isn't meant to protect you from your own foolishness. You can always pay for your own insurance, but why should I pay for your foolishness?

Quote
Bitcoin is convenient:  You have to download a client, then over 8gb's of data just to cold store your coins for the first time.   I can toss a dollar bill in my leather wallet in under a second

If you forget or lose your wallet, you have no card or cash. Bitcoin can be copied onto multiple devices.

Quote
Bitcoin is free from government constraints: It's banned in several countries, including heavy restrictions in the second largest global economy (China).   It's also subject to federal taxation just as fiat is in the United States.

Don't take your freedom for granted or you will lose it all.


Quote
"Inflation is simply a rise of prices over time, which is generally the result of the devaluing of a currency. This is a function of supply and demand. Given the fact that the supply of bitcoins is fixed at a certain amount, unlike fiat money, the only way for inflation to get out of control is for demand to disappear. Temporary inflation is possible with a rapid adoption of Fractional Reserve Banking but will stabilize once a substantial number of the 21 million "hard" bitcoins are stored as reserves by banks.

Given the fact that Bitcoin is a distributed system of currency, if demand were to decrease to almost nothing, the currency would be doomed anyway.

The key point here is that Bitcoin as a currency can't be inflated by any single person or entity, like a government, as there's no way to increase supply past a certain amount.

Indeed, the most likely scenario, as Bitcoin becomes more popular and demand increases, is for the currency to increase in value, or deflate, until demand stabilizes. "

How exactly is the demand the past half year?

Merchant acceptance and Bitcoin vendors are skyrocketing.

Quote
Purchasing power: I can store my credit card or cash in my wallet for days or months, and it will always have the same face value or balance  it had when I first stored it.   With bitcoin, I can put away 40 btc in cold storage and pull it out a day later and it can have %10 less purchasing power it had not even 24 hours before.  If I send a moneygram to a relative overseas, I don't have to worry about them having 20% less purchasing power when they pick it up the next afternoon.

You pay fees to use banks and credit cards. Fiat lenders charge more than 1600% interest for many people. That means they lose 95% per year, more than Bitcoin lost.


Now, sell me this fiat?
359  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 15, 2015, 02:57:23 AM
Who are the "Four Punch Raiders?"
360  Bitcoin / Bitcoin Discussion / Re: Dr. Martin Luther King Jr. & Bitcoin Embrace Freedom twitter.com/MLKsIHaveADream on: January 15, 2015, 02:54:35 AM
I hope you number the lines.
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