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401  Economy / Speculation / Re: I bought all my bitcoin over $1,000 on: January 07, 2014, 03:30:47 PM
We all say that at the price point we bought in at. It takes a full year or more to get a great ROI if you bought at a peak. While it's lower is a good time to buy a little more to hedge. Usually it's best to buy with cost averaging.
402  Other / Off-topic / Re: Thinking about naming my baby girl Bitcoin.. (due in 3 weeks) on: January 07, 2014, 03:23:57 PM
If you hate your wife and the idea of having a child, *and* have a lot of bitcoins hidden to help pay child-support and alimony, then go ahead and do it. Seriously, it's probably ok to nickname her that because the rally started 9 months ago and brought us all a lot of luck!
403  Economy / Speculation / Re: UP OR DOWN? That is the question? on: January 07, 2014, 03:16:07 PM
Magic 8-Ball says "It is Certain."  Grin
404  Economy / Speculation / Re: a small business bans bitcoin mining hardware on: January 07, 2014, 02:56:20 PM
a slight market overreaction due to misinformation

If it is a slight market overreaction due to 'misinformation', then we should be back up at $950 on BItstamp in no time at all as people realise that there are artificially cheap coins to be got, right?

Also, if this is how the market 'overreacts' to 'negative misinformation' coming out of China, then hold onto to your fkn hat! I predict lots of 'mis-information' to come out of China between now and 31st Jan 2014.
Well, India goes online tomorrow, so... maybe China wants to sell cheap coins to them, right?
405  Economy / Speculation / a small business bans bitcoin mining hardware on: January 07, 2014, 02:18:00 PM
a slight market overreaction due to misinformation
406  Economy / Economics / Re: Paul Grignon Just made Bitcoin killer on: January 07, 2014, 01:50:33 PM
Paul Grignon follows Peter Joseph and Jacque Fresco. Cool, I get that. The problem with TVP/TZM is busting through programmed compartmentalization inculcated into civilized society. What he is describing is what Bitcoin will evolve into one day. It's already baked into the cake. The world is not yet ready for Abundance and Gift Economy, not even close. We are only beginning the open source and crowd funding stage. The diseases of financialization and corporatism take a series of inoculations. Lets, Ripplepay, and other credit card like IOU systems like Grignon's will become available as Bitcoin powered apps.

I dont see how it is baked in with bitcoin, unless it is gonna be defined and have the hard limit removed and I dont see the Venus project or zeitgeist when I look at the concept for the coin. I see a way to force a commodity basket standard on the governments of the world and a way to have a flexible currency that will mitigate the threat of a debt based super nova. I see a way to make currency honest and backed with real productive capacity not promises from wall street or Washington. 
Bitcoin is emergent. It is only used as a virtual commodity in its raw form. As a protocol, it becomes a programming language for derivatives and other IOUs Powered by Bitcoincopyleft but is still using bitdust. As the popularity of these secondary transaction types grow, they will replace every financial instrument in existence. The bitdust will grow in value as these other systems are used. Who cares if these secondary financial instruments are real, productive, or even liquid? Let the market decide! Bitcoin is just the DNA. Isn't a coincidence that all life is based on just the four letters GTCA. Whatever evolves from it will only need the basic functionality already intelligently designed into the protocol. Believe me, there will be enormous beasts that evolve from this primordial ooze they keep saying is dead. Hopefully, it will eventually evolve into the best of all possible worlds.


The protocol is not proprietary, they wont use bit dust they will use visa dust.
What is 'visa dust?' Does Visa have a fraud resistant network?
407  Economy / Service Discussion / Re: Breaking News of bitcoin in china! taobao bans the trade of all the coins and .. on: January 07, 2014, 01:46:56 PM
The saying in English is: "The early bird gets the worm."  :-)

"The second mouse gets the cheese."
408  Bitcoin / Press / Re: [2014-01-06] BYRON WIEN: Bitcoin Will Collapse In 2014 on: January 06, 2014, 09:09:09 PM
I'm feeling a correlation between Bitcoin announcements and the discussion of tulips.
409  Bitcoin / Bitcoin Discussion / Re: On Tulips and Bitcoin... on: January 06, 2014, 12:46:47 AM
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
410  Economy / Economics / Re: Paul Grignon Just made Bitcoin killer on: January 05, 2014, 11:57:07 PM
Paul Grignon follows Peter Joseph and Jacque Fresco. Cool, I get that. The problem with TVP/TZM is busting through programmed compartmentalization inculcated into civilized society. What he is describing is what Bitcoin will evolve into one day. It's already baked into the cake. The world is not yet ready for Abundance and Gift Economy, not even close. We are only beginning the open source and crowd funding stage. The diseases of financialization and corporatism take a series of inoculations. Lets, Ripplepay, and other credit card like IOU systems like Grignon's will become available as Bitcoin powered apps.

I dont see how it is baked in with bitcoin, unless it is gonna be defined and have the hard limit removed and I dont see the Venus project or zeitgeist when I look at the concept for the coin. I see a way to force a commodity basket standard on the governments of the world and a way to have a flexible currency that will mitigate the threat of a debt based super nova. I see a way to make currency honest and backed with real productive capacity not promises from wall street or Washington. 
Bitcoin is emergent. It is only used as a virtual commodity in its raw form. As a protocol, it becomes a programming language for derivatives and other IOUs Powered by Bitcoincopyleft but is still using bitdust. As the popularity of these secondary transaction types grow, they will replace every financial instrument in existence. The bitdust will grow in value as these other systems are used. Who cares if these secondary financial instruments are real, productive, or even liquid? Let the market decide! Bitcoin is just the DNA. Isn't a coincidence that all life is based on just the four letters GTCA. Whatever evolves from it will only need the basic functionality already intelligently designed into the protocol. Believe me, there will be enormous beasts that evolve from this primordial ooze they keep saying is dead. Hopefully, it will eventually evolve into the best of all possible worlds.
411  Other / Announcements (Altcoins) / Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.4 Released MANDATORY UPDATE on: January 05, 2014, 05:21:04 PM
much spam more want now sub wow !
412  Economy / Economics / Re: Paul Grignon Just made Bitcoin killer on: January 05, 2014, 04:42:03 PM
Paul Grignon follows Peter Joseph and Jacque Fresco. Cool, I get that. The problem with TVP/TZM is busting through programmed compartmentalization inculcated into civilized society. What he is describing is what Bitcoin will evolve into one day. It's already baked into the cake. The world is not yet ready for Abundance and Gift Economy, not even close. We are only beginning the open source and crowd funding stage. The diseases of financialization and corporatism take a series of inoculations. Lets, Ripplepay, and other credit card like IOU systems like Grignon's will become available as Bitcoin powered apps.
413  Bitcoin / Project Development / Re: [PREORDER] Trezor: Bitcoin hardware wallet on: January 05, 2014, 04:25:00 PM
viva la bitcoin biotches.
Shirt and bumper sticker, please.
414  Economy / Economics / Re: Paul Grignon Just made Bitcoin killer on: January 04, 2014, 11:57:20 AM
congratulations! you invented the credit card.   Undecided
415  Economy / Economics / Re: Why was USA Senate so friendly to Bitcoin? on: January 02, 2014, 01:52:57 PM
We must understand that almost anyone born before 1964 can not possibly understand the tremendous potential of virtual currencies.  (My apologies to those that do).

As the younger generation to comes into power in business and government we will see this type of technology fully adopted.


Who was born before 1964, has two thumbs, and is an all-in hodlor? This Guy! d[ o_0 ]b
416  Economy / Economics / Re: Monthly average USD/bitcoin price & trend on: December 31, 2013, 11:21:55 PM
The standard S-curve should still apply. Bitcoin is its own worst enemy right now. Bitcoin in its current form acts as a payment protocol and a virtual commodity. This wild speculative pricing is based on it being a commodity. Its qualities as a payment protocol works against the price as you don't need any more than you use to send if you have a better store of value. Bitcoin needs further development through things like colored coins to make it act as a truly valuable negotiable instrument. Then you'll be able to factor in derivatives and competing Bitcoin-based currencies that overwhelms the suppression factor as merely a payment protocol. Then we can begin to see factorial growth.
417  Bitcoin / Technical Support / Re: How to spend from cold storage? on: December 31, 2013, 07:07:35 PM
Until there is a Trezor style Armory, security will be an issue for most.
418  Economy / Speculation / Re: Dreams affecting investment decisions. on: December 31, 2013, 06:52:53 PM
Says the man holding a bunch of coins bought cheap.

Yeah.

He tried to tell me when I was selling BTC at $1000, that I would be crying when I was buying back in at $1300. No attention should be paid to anything this muppet says.

Too much respect for the authorities, they can not block facebook ffs, stopping crypto is way beyond what they can hope to achieve. Their power is non-existent, they can impact your life only by your own obedience, because you are taught to live scared of "The Man". Step outside the box and you will see they are just a bunch of senile power-hungry underperforming executives who have no idea what they are doing.

Incase you hadn't noticed, The Man has just indebted your entire nation (wherever you are from) to the tune of 10's of trillions of USD, in order that The Man and his mates get paid back on billions worth of toxic worthless paper wealth that imploded in their faces a few years back. The Man could coerce practically all governments of the world to essential betray the people they are meant to serve because The Man has the power, the people do not.

When it really matters, The Man can do what the fk he wants. And you will sit in your attic bitching n whinging about liberty and freedom but ultimately doing fuck all but living the life that circumstances have set for you.

The US goverment can turn around tomorrow and say that Bitcoin is the currency of criminals and terrorists, and its finished....sure, it may persist as black market underground unit of exchange, but in such a scenario it would be trading at pennies, not hundreds or even thousands of dollars and your new found wealth would be up in smoke.
Oh c'mon. Ebil empires always end up in the history books.
419  Bitcoin / Press / Re: [2013-12-28] New York Times (Paul Krugman's blog) : Bitcoin is Evil on: December 31, 2013, 05:00:38 PM
The government, or "they" refers to the larger system itself, and not directly to the individuals that make up the system.  The system takes on a life and personality of its own.
Recently I've tried to stop using "the government" in favour of using "government" as a plural noun.

Government doesn't realize that their policies will drive the legacy currencies into the ground though endless quantitative easing.

I like That turn of the phrase!
If you think "Government" is bad, wait until SkyNet gets ahold of your bitcoins.  Grin
420  Bitcoin / Bitcoin Discussion / Re: If you could travel back in time, how would you change Bitcoin? on: December 31, 2013, 04:39:03 PM
Nothing but the name. I would have called it Dogecoin.
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