It means their underwriters are getting more impatient to collect bitcoins. First step is lowering processing fees to 0%. Next step is when they start offering increasingly favourable exchange rates to encourage even more spending. |
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Needs the Scumbag Steve hat photoshopped in. |
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it's an interesting idea, but seems this ATM would end up buying high and selling low. someone loads the ATM with 10BTC the ATM gives him 6,000$ cash, then that ATM is considered overload in BTC so it offers to sell the same 10BTC for 5,500$  you'd have to charge one hell of a fee to make buying high selling low profitable. There's no such thing as "overloaded in BTC" - bitcoins don't take up space. Giving up cash would either cause the machine to increase the price more slowly, or reverse and start lowering. You'd need to maintain a spread between the buy and sell prices, and probably also limit the amount of a sale such that you'd never get the situation where the customer could arbitrage the machine itself. |
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What would cause Armory to fail to recognize that new blocks have arrived?
In this case, bitcoind is running on a separate machine, with NFS used to share the blockchain directory and socat used to tunnel Armory's connection requests to 127.0.0.1:8333 to the appropriate interface.
Indexing the blockchain works just fine, sending transactions works just fine, and Armory does notice incoming unconfirmed transactions.
However the block count in the lower-right corner never increment, requiring a restart in order to notice that new blocks have arrived.
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If Irving Fisher was here, he'd say the number of pages in this thread has reached a permanently high plateau.
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If the price is rising on Chinese exchanges and falling on western exchanges, it could mean Chinese traders are using Bitcoin as a method of obtaining overseas currencies. Buy in China, sell in Europe.
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Does anyone like Flight Simulator? Remember how there was this project that would let you query satellite photo imagery from map sites and overlay it over the map? Remember how cool that was? Then do you remember how some asshole from Google sent a cease-and-desist and ruined it? I wonder who that asshole was... http://www.biosfarm.ro/~vuk/apps/sdk/FSX/Tileproxy/README.TXT |
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Don't worry - Tor wont be evil any more once Mike "Bitcoin Judas" Hearn is done adding blacklists to it.
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other threads still think we are heading down, hahaha we are one step ahead!
I don't think we can go down very far. Looks like support above 7777 is holding. |
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No need to withdraw coins in order to force non-fratctional reserves. At least not in theory. I never said they will be successful, only that they will try. Also, proof of liabilities in a way that is not easily gamed isn't nearly as easy as proof of assets. |
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I like price increases as much as anyone else, but celebrating the return of the exchange rate to where it was 18 hours ago is a bit early.
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The ultimate advantage for bitcoin is governments can not stop convertability and it is relatively easy for individuals to hold and transact in bitcoin. Do not doubt for a moment they won't try. I can see the IRS being used to harass anybody who dares to withdraw actual bitcoins from these off chain trading platforms like Coinbase or Circle. Have you moved the coins since you withdrew them? That's a taxable event unless you can prove otherwise. Audits all around for everybody who asks for their coins. If they can make it easier to keep your coins in an off chain system that allows for fractional reserve, and harass and punish anyone who tries to leave the system, they can play all the same games as they've successfully played with gold. |
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Yeah, makes you wonder if those times really have ended. Why is that? Maybe it really is just because the volume is spread across multiple exchanges now? I think we've seen those big amounts even after Gox went under, so no Willy rumors, please! Well I haven't seen a 10K BTC market buy since the price was below $100. |
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I don't remember 1000 market buy for months...
It was a lot more fun back when you'd see 10K+ market buys during manias. |
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BTCD Is there really an altcoin called BTCD? That's annoyingly confusing: https://opensource.conformal.com/wiki/btcdbtcd is an alternative full-node implementation of the bitcoin protocol written in Go and is currently under active development. We feel that by providing an alternative to bitcoind we can substantially improve the diversity and resilience of the bitcoin ecosystem and infrastructure. |
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For example:
1. Could an altcurrency be created using any of these which uses demurrage in the same way that Freicoin does?
2. Could an altcurrency be created using any of these which destroys coins in the same way that PPC does per transaction? Both of those are bad ideas, and they are possible (or will be shortly when better tools arrive). |
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looks like the bottom is in ... got a big finger of volume in there too.
Also, the order book does look beautiful like you said. |
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