Bitcoin Forum
April 25, 2015, 08:47:52 AM *
News: Latest stable version of Bitcoin Core: 0.10.0 [Torrent]
 
  Home Help Search Donate Login Register  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 [36] 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 ... 422 »
701  Bitcoin / Bitcoin Discussion / Re: How Fiat Ruined my Traveling Experience on: January 10, 2015, 05:12:15 AM
You are required to notify your banks and credit card companies of when, where, and for how long you will travel out of country. Bitcoin users not affected.
702  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 10, 2015, 04:48:21 AM
Any idea what "the best hs just begun" means? I doubt he is talking about current price (or from last 4h)...  Smiley
https://twitter.com/AdamGuerbuez/status/553661669961105411

I'm beginning to wonder if this guys 'tips' about Bitcoin are really hinting to its demise..
He's selling his Bitfu.
703  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 09, 2015, 03:22:24 PM
next stamp update soon :

blablabla need another 72h to flee with coins

Or maybe they decided to open when the banks are open and avoid the "Duel of the Faiths".

https://www.youtube.com/watch?v=Oh4l39Lo194

Or maybe they don't want the price to fall and that's why they wait until the banks are closed. People who want to withdraw their funds from the exchange fast will buy bitcoin because fiat wouldn't get transferred until Monday.

That is assuming people have lost faith in them. If not, we've had a week where nobody has transferred fiat to Bitstamp and dumpers are probably standing ready to send that mofo to the ground.

When Bitstamp reopens, I'm not convinced that anyone will be eager to immediately exchange BTC for fiat on an exchange which will yet to have proven whether users can quickly withdraw fiat from their Bitstamp accounts.  I think it's far more likely that those with BTC on the exchange will withdraw them to their own wallets; those with fiat on the exchange will immediately buy BTC and then withdraw them to their wallets - since it's the quickest and easiest way to withdraw.  I may be wrong, but that seems the most likely scenario which, if true, would lead to an immediate demand for BTC and a price-rising rally. Who knows how strong the rally would be though...

Ironically, this would mean that the less faith people have in Bitstamp once it reopens, the greater the price increase.

The bitcoin tribe is filled with people that live on short memory. Once Stamp will (if) reopen their whorehouse, people will be like " Uhhhh, it was not so bad. " and they will continue to trade there. I remember this happening with Mintpal and other exchanges. They will stay until the website will be hacked again and closed forever and that will be the moment they learned a lesson.

But of course, things could go differently.
i have fiat on bitstamp still

i will likely do the following:

buy btc

move the btc to bitfinex

if the btc price is looking like it may rally a bit hodl it for a few days and then dump it

if it looks like it is a non-event, i will dump the btc immediately

in any case bitcoin is done, even an exchange funded by Draper gets hacked for $5 milli, bitcoin is way too slow to use as "cash", we have a some blog from Gavin getting all excited about 20 MB blocks which some people will bitch and whine about centralization.... woopty dooo...

parties over

go buy some maidsafe or ethereum

Translated: sell your bitcoins cheap so I can buy them cheap.
704  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 09, 2015, 01:12:44 PM
The next 12 hours are



This is Gentlemen!
705  Economy / Speculation / Re: Is Stamp the culprit? on: January 09, 2015, 06:38:51 AM
So yes, low inflation coins do have a number of very real advantages over bitcoin. Can't be denied. Let's see if bitcoin can make it, it will certainly have a harder time than some other coins.
You define "low inflation coins" as a two to three year ramp. Again, you cherry pick timelines. Bitcoin uses a number greater than the human lifespan, but curves it so most of the inflation is in one or two human generations. A longer ramp gives people enough time to adopt the technology and "bake in" the known inflation rate. So you see, there is no problem with Bitcoin inflation at all.

sure longer onramp because it is an egocentric coin that thinks of itself it would take over the world.
We don't need to all use the same coin. If you launch a coin with short onramp every few years that's all sweet and everyone could have fun and those who missed the train will get on the next one. The coins can be merge mined and would be less wastefull and in case one has a problem there are others to back it up. Bitcoin is a problem-child to me.
I'm all for altcoins development if folks want to waste their time and money. Honey badger don't care.
706  Bitcoin / Press / Re: [2015-01-09] Apple Approves iOS Game That Tips Players in Bitcoin on: January 09, 2015, 06:35:51 AM
Dammit! I'm still not gonna buy an Apple.   Angry
707  Economy / Speculation / Re: Is Stamp the culprit? on: January 09, 2015, 06:30:33 AM
So yes, low inflation coins do have a number of very real advantages over bitcoin. Can't be denied. Let's see if bitcoin can make it, it will certainly have a harder time than some other coins.
You define "low inflation coins" as a two to three year ramp. Again, you cherry pick timelines. Bitcoin uses a number greater than the human lifespan, but curves it so most of the inflation is in one or two human generations. A longer ramp gives people enough time to adopt the technology and "bake in" the known inflation rate. So you see, there is no problem with Bitcoin inflation at all.
708  Economy / Speculation / Re: Is Stamp the culprit? on: January 09, 2015, 06:14:21 AM

There you are again cherry picking timelines. I don't agree that inflation is a problem. But then, I don't care about the price... much.

If you prefer playing jojo for a few decades then that's your thing. An advantage for you in this is that you don't care about the price  Roll Eyes

As a human being we tend to loose interest if we see an investement not going anywhere within 2 or 3 years.

IMO a coin needs to be fair with the initial distribution and that should take at least 1 year so everyone has a chance to get in. After year 2 or 3 the inflation should dramatically decrease so profit becomes possible and it can be used to store value, but maybe that's just me, i don't know  Roll Eyes

I think it would come in handy to be able to store value in coins but if you say that's a thing you don't need, ok, then that's your thing.
Two to three years is reasonable. The average price for 2014 (to use your timeline) was about 500. If you used dollar cost averaging like everyone recommends, you should double (or more) that in that amount of time.
709  Economy / Speculation / Re: Is Stamp the culprit? on: January 09, 2015, 06:02:53 AM

That's what I'm saying. They don't offer anything Bitcoin doesn't have now and that's why they failed and became pump and dump bait. That's why Bitcoin is still big daddy.

To get beck to your market analysis, it seems that almost everything is down investment-wise. January and August are usually bad months anyway.

Yes they do offer something BTC doesn't: low inflation - which was the point of failure in bitcoin

You either have inflation or premine. Pick. Otherwise you have no distribution model.

Of course you have inital inflation but in a good coin that's done after 1 or 2 years. Bitcoin wants to take 2 decades which turns out to be problematic.
There you are again cherry picking timelines. I don't agree that inflation is a problem. But then, I don't care about the price... much.
710  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: January 09, 2015, 06:01:10 AM
Hmm. It was nice imagining that higher btc volumes would come from replacing fiat payments in real-world b2c and b2b flows. Perhaps not from a monkey swinging between palm trees:

5,000 transactions in 1 day
https://blockchain.info/address/17ZgzoQUAiCrCgSieYfGhAvToW9kn6uaLt



Apple Inches towards Bitcoin, Approves a retro-styled iOS game that tips players in Real Bitcoin
By Forexminute - Deepak Tiwari | Bitcoin | Jan 9, 2015 3:36AM GMT

There is a lot of scope for Bitcoin in gaming industry; however, this has not yet been explored. The step from Apple to approve a retro-styled iOS game that tips players in real Bitcoin, recently releasing it onto the iTunes store, is going to encourage others in the fray. A lot of game lovers have appreciated the measure from Apple.
According to the sources the game, SaruTobi, lets users swing a monkey from a vine, building up momentum before releasing him to collect power-ups and Bitcoin tokens as he frolics though the air. Developer Christian Moss told the media professionals that SaruTobi is literally Japanese for ‘Monkey Fly’, and this is pretty much the premise of the game.
He says that the user flings him across an 8-bit jungle collecting floating Bitcoin along the way. According to him he was in the process of adding typical Super Mario-style coins into the game when it occurred to him to use Bitcoin instead. He admits that he thought it would be a nice way to introduce Bitcoin to people who are not familiar with it yet.
The approval from Apple is also an indication that somewhere people at the organization think that the digital world can truly be Bitcoin’s natural environment. The iOS game has three main aims – attaining the greatest distance, collecting Bitcoin tokens to be spent on in-app items, and collecting the letters ‘SARUTOBI’ to unlock a Bitcoin ‘boost’ to spend on in-game items.
A Long Way to Go Says Christian Moss, the Developer
Developer Christian Moss says that the Bitcoin tips come from the game’s shared Bitcoin wallet, called a ‘pot’, revenue generated by the game (from in-app purchases and ads) is converted into Bitcoin and added to the pot. He informs that after the user has played the game for a certain amount of time, the game will reward the user by sending them a Bitcoin tip.
Moss is of the view that though he has come across a few concept games that use Bitcoin micro-transactions, nothing on the iOS app store he believes having a popular iOS app that incorporates Bitcoin can go a long way to helping it become mainstream. He further says that he is currently working on a new Bitcoin mining game.
He concludes and says that it is still in the early stages of development; however, the player will be able to dig, similar to Minecraft, and collect real Bitcoin."


I hope the game will become popular. This could potentially introduce bitcoin to millions of people. Perhaps, kids will adopt bitcoin and become 'native' users. I could easily see kids earning tiny amounts of bitcoin in these kind of games and then using those bitcoins to buy stuff from each other or from some internet site.
I would have thought Zynga would have done this long ago. I hope they become the next Zynga.
711  Economy / Speculation / Re: Is Stamp the culprit? on: January 09, 2015, 05:55:40 AM

That's what I'm saying. They don't offer anything Bitcoin doesn't have now and that's why they failed and became pump and dump bait. That's why Bitcoin is still big daddy.

To get beck to your market analysis, it seems that almost everything is down investment-wise. January and August are usually bad months anyway.

Yes they do offer something BTC doesn't: low inflation - which was the point of failure in bitcoin

You either have inflation or premine. Pick. Otherwise you have no distribution model.
712  Economy / Speculation / Re: Is Stamp the culprit? on: January 09, 2015, 05:28:13 AM
Quote
The alt that takes over will be an advanced clone of bitcoin with less inflation.

Less inflation, so how will it be distributed? Nobody will have any coin to spend. Merchants will have to wait many years for distribution. Or you premine and we already know how that fails.

Distribution already happened. These coins are all around for years now. They are dirt cheap. This is pretty much the last chance to accumulate some of them on ground floor.
The same for Bitcoin. No advantage there. IXC and Quark have a very small user base. You can premine a coin and do the same thing. You can pay the top 5 mining pools to MM your clone and be off and running.

Well bitcoin has its own problems. No difference there. When it started almost nobody was around and it had a very small userbase too. So that's no argument there. In fact these coins have a larger userbase than bitcoin had when it started.

If you don't like Ix take Ioc

I think the market will decide what's good and what's not.
That's what I'm saying. They don't offer anything Bitcoin doesn't have now and that's why they failed and became pump and dump bait. That's why Bitcoin is still big daddy.

To get beck to your market analysis, it seems that almost everything is down investment-wise. January and August are usually bad months anyway.
713  Economy / Speculation / Re: Is Stamp the culprit? on: January 09, 2015, 05:18:31 AM
Quote
The alt that takes over will be an advanced clone of bitcoin with less inflation.

Less inflation, so how will it be distributed? Nobody will have any coin to spend. Merchants will have to wait many years for distribution. Or you premine and we already know how that fails.

Distribution already happened. These coins are all around for years now. They are dirt cheap. This is pretty much the last chance to accumulate some of them on ground floor.
The same for Bitcoin. No advantage there. IXC and Quark have a very small user base. You can premine a coin and do the same thing. You can pay the top 5 mining pools to MM your clone and be off and running.
714  Economy / Speculation / Re: Is Stamp the culprit? on: January 09, 2015, 05:08:09 AM
Quote
The alt that takes over will be an advanced clone of bitcoin with less inflation.

Less inflation, so how will it be distributed? Nobody will have any coin to spend. Merchants will have to wait many years for distribution. Or you premine and we already know how that fails.
715  Economy / Speculation / Re: Is Stamp the culprit? on: January 09, 2015, 05:03:22 AM

You can cherry pick arbitrary timelines, but Bitcoin isn't a per annum.

Dude, longest bearmarket in bitcoin history and the master-trend on logarythmic scale since 2009 is broken.
Just get it: there is no exponential growth here. Could very well dump back to 100$
OK so you admit to believing in superstitious trends. Good for you. I don't share your faith. I believe in technology and human foibles. Fear may have the upper hand at the moment, but greed and technology ALWAYS win.

Few days ago this trendline was your main marketing-pitch now it's 'supersticious'. lmao!
It's a general rule of thumb, not a scientific model. I don't see it as 'broken' because anomalous events happen. The exponential trendline is a generalization to the adoption of technologies, not a day trading tool. Even if it drops to $100, that will only change the distribution, not the technology. Personally, I would like to see an altcoin take point for awhile so I can laugh at their failure to secure every aspect of financial transactions.

The alt that takes over will be an advanced clone of bitcoin with less inflation. You're not going to laugh so much because once it surpasses bitcoin that's it for the ole BTC.
Pick a coin and I will tell you how it will fail.
716  Economy / Speculation / Re: Is Stamp the culprit? on: January 09, 2015, 04:55:54 AM

You can cherry pick arbitrary timelines, but Bitcoin isn't a per annum.

Dude, longest bearmarket in bitcoin history and the master-trend on logarythmic scale since 2009 is broken.
Just get it: there is no exponential growth here. Could very well dump back to 100$
OK so you admit to believing in superstitious trends. Good for you. I don't share your faith. I believe in technology and human foibles. Fear may have the upper hand at the moment, but greed and technology ALWAYS win.

Few days ago this trendline was your main marketing-pitch now it's 'supersticious'. lmao!
It's a general rule of thumb, not a scientific model. I don't see it as 'broken' because anomalous events happen. The exponential trendline is a generalization to the adoption of technologies, not a day trading tool. Even if it drops to $100, that will only change the distribution, not the technology. Personally, I would like to see an altcoin take point for awhile so I can laugh at their failure to secure every aspect of financial transactions.
717  Economy / Speculation / Re: Is Stamp the culprit? on: January 09, 2015, 04:44:00 AM

You can cherry pick arbitrary timelines, but Bitcoin isn't a per annum.

Dude, longest bearmarket in bitcoin history and the master-trend on logarythmic scale since 2009 is broken.
Just get it: there is no exponential growth here. Could very well dump back to 100$
OK so you admit to believing in superstitious trends. Good for you. I don't share your faith. I believe in technology and human foibles. Fear may have the upper hand at the moment, but greed and technology ALWAYS win.
718  Economy / Speculation / Re: Is Stamp the culprit? on: January 09, 2015, 04:38:12 AM

I'm on max zoom out all the way to 2009!!!


I'm only zooming out 2 years long after I got in:
change: +1904.90%

Good for you! Everyone who bought in 2014 is down right now!
You can cherry pick arbitrary timelines, but Bitcoin isn't a per annum.
719  Economy / Speculation / Re: The crash continues, dead cat bounce. on: January 09, 2015, 04:32:28 AM
Google bitcointalk forum "dead cat bounce" reference:
About 1,970 results (0.31 seconds)
720  Economy / Speculation / Re: Is Stamp the culprit? on: January 09, 2015, 04:24:53 AM

I'm on max zoom out all the way to 2009!!!


I'm only zooming out 2 years long after I got in:
change: +1904.90%
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 [36] 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 ... 422 »
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!