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But is it over, unemployment is at 4% or something like that, the markets are sky high, people are rich and everything is great.
Repeat that over and over until you believe it!
This is the new normal, debt and money print your way into prosperity. If figures look bad for you, just massage them. If people are unemployed, don't count them.. See, everything is fine.
Gavin is not exactly Satoshi is he!
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The government of Cameroon has implemented a centralized, insecure and potentially dangerous blockchain protocol and currency Trest in their project to enable the unbanked to transfer money quickly without transaction fees. Unlike Bitcoin, transactions on the Trest blockchain are not verified by miners or any entity incentivized by the network. Doesn't it look like the government is trying to rob its own citizens of their money? Is it ideal? no. But I don't really see why it means they are robbing their citizens of money.. They are using the blockchain technology to save money and more efficiently make transactions, sounds quite good to me actually. |
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30 credits on a double day, so 15 credits on a normal day. 525 credits for $5 amazon, so 35 days for $5, i.e. 14 cents per day. Not worth using bing, what a joke  Not unexpected, it works just like a faucet. People start using a service they don't want to for a few cents and think that they are making good returns. Money for little, but very little money. I will stick with google I think, it just works. |
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I don't expect that many people will mine the old fork. The coins mined there will be, at best, of questionable value.
All vendors and exchanges will accept the new fork, major miners will move to the new fork, people who continue on the old will be wasting mining power with possibly no reward.
It will undoubtedly be adopted by someone, but it will be an alt, and alts have lower values than Bitcoin, I expect that to continue.
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Yeah the idea that parents will live longer than their children is rubbish, spread by people with an agenda. Obesity is a problem, but the explosion has already happened in the Western world. Actually the levels of Obesity are staining about the same now, or at least the rate of growth is slowing. It is in the poorer countries where obesity it going crazy now. Countries recently associated with starvation now have 25% of the population overweight or obese! It's human nature mixed with food companies basically serving us poison, it's a hard cocktail to escape. |
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You are having a bad day holding you coins? Remember this: in 1976 Ronald Wayne sold his 10% stock in Apple for 800$. Now its worth $60 Billion. http://www.youtube.com/watch?v=NncbZBEZLJMThe train hasn't even left the station yet. Once we get close to the ATH and pass it again, consolidation of Bitcoin's amazing recovery will put it clear: The sky is the limit, and that 1.2K peak will look like it's nothing in the all time graph. Long term holders: Don't be that guy. I didn't know about this guy, thanks for that! It's always a fear i have, missing the boat, but I also can't invest too much in something as risky as Bitcoin, and if the price rises I will be very tempted to sell, especially at $1000+. I had a similar but lesser problem with Quark last year, just before it was announced that Bill Still would go on the Kaiser report I sold (actually was trading). I woke up the next day and the price had more than tripled. Cost me thousands, I could have cried, but I didn't know what I didn't know! I could have bought back in, but then I would have lost again, as the was the all time high price! Life isn't easy! |
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Seriously ! If it wasn't for you numbnuts lending out 1000s of bitcoin all the time for 1/2 of a 1/2 of a percent interest we'd be at 500 or 1000 or 2000 or more *today* ! It's just fucking stupid ! And yes , I comprehend that there exists logical and less than entirely logical motivations to lend out bitcoin - 1: you want the price of bitcoin to go down , presumably for either the purpose of obtaining more of it for less money or because you're maliciously against the success of bitcoin for whatever reason 2: you think it'll be worth a buttload more than it is today and it must not even matter how badly or constantly it gets hammered lower for the time being so long as you can get a couple extra fractional percent of bitcoin and don't understand basic math it's all good. But if I had more than even 100 bitcoin hell even if I had less than 100 or even 10 bitcoin , and I wanted the price of my bitcoins to go up , there is NO WAY I'd be lending out any of it to people who *exclusively* use it to drive down and suppress the price. Seriously. If you want the price of the bitcoin you have to go up it makes a hell of a lot more sense really any sense at all to lend out dollars or yen or euros or whatever fiat you use - you get interest on your fiat *and* the borrowers have to use that money to buy low drive price up and sell higher than they bought thus increasing the price of the bitcoin you hold in the process - win win win. But if you're one of the people lending bitcoin on a regular basis pull your head out of your ass and think at all even a little bit about what you're actually doing. You are handing over your bitcoin to someone else , for the *sole purpose* of them dumping it into the market , buying it back at a lower price , and handing it back to you - devalued. When you get 0.02% or 0.05% or whatever interest on your lended coin , but they get handed back to you devalued by anywhere from 1-10% *you fucking lose* in fact *everyone loses* except for the person you willingly let screw over you and the entire bitcoin market ! FUCK ! If you have bitcoin , and you want it to go UP in value , don't fucking lend it to other people ! DUH ! Sorry I just had to say it. I can't be the only person thinking it.
The idea that everyone should work together by not selling to increase the value is stupid. It is always talked about on penny stock forums too. The HODL meme is just people who are losing money getting annoyed and blaming others for their loss. The price wouldn't be 500 or 1000 or 2000 today, as people would sell their bitcoins before that price is reached, and no one wants to buy at that price either, otherwise the price would already be there. There are fundamentals at play too. Bitcoins economy isn't that big. The numbers of users isn't rising as fast as I would like either. $2000 per coin is too much right now. I would sell before $2000, as I would say it was overvalued at that price. Either be patient and hope the Bitcoin economy grows so that the price rises, or sell and be done with the stress! Don't blame others for your decisions. |
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That is pretty interesting and concerning in the same way.
What i am wondering is, what about the bank notes that were printed in Greece but are owning by a other European holder? Can this bank note could be exchanged to a none Greek printed bank note? It's hard to believe.
IMO anyone will bother to exchange Greek notes to none Greek notes as long as they hold the same value. It is irrelevant where the note was printed! Even if Greece leaves the Euro, the notes printed in Greece will have the same value in the rest of the Eurozone. I just looked through the 10€ notes I have to hand. I live in Germany and have 8 from Germany, 3 from Holland, 2 from Slovenia, 1 from France and 1 from Greece. I would assume that it would be similar elsewhere, so they move around too much to try to control them somehow. The new 10€ notes are only a few months old too, so other notes like the 20€ should be even more spread out. |
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10,000 satoshis, meaning less then 1 cent? 0.00001 or you mean 10,000 btc.
sure why not, if my faucet money can give me a slice why not.
10,000 satoshis and it is good argument just now , We will see in next five years......., By the way, I must try some faucets too It's not really a good argument now. A pizza for 1c is crazily cheap and anyone who wants pizza would be stupid not to do it. In the future maybe 10,000sat will be worth much more than a pizza, but at the moment that isn't the case. The old pizza for bitcoin thread is funny because of how it worked out, pizza for satoshi could go the same way, but I will take the pizza and buy more Bitcoin to replace it, bitcoin is a currency after all, so should be used as such. |
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Does shorting and margining bitcoin help stabilize the price? If so, what is the reason in market terms?
How might shorting impact the next bubble?
Shorting should stabilize the price, yes. The problem with previous bubbles was that everyone gained by the price going up, up until the whales decided to bail out. This time people will be losing monex as the price rises, and see greater opportunities to make more money as the price rises. I expect the next bubble to have a big pop high, then go up and down for a while, before building up slowly from there. The big bust out will be due to shorters being hit by margin calls, another aspect that wasn't there last time. |
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I am very impressed with the topics. Internet of Things and cross boarder transactions are what Bitcoin is all about!
I had feared it would be more about how to profit from trading/mining bitcoin.
Very positive, with so many creative people out there, the killer app is just around the corner!
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Why would they even need a blockchain to move money between themselves?
it's unclear to me as well. even if you have a (semi private) public ledger, it doesn't need to be a blockchain as the units are fiat debt instruments, not scarce digital assets like Bitcoin. It's simple guys: If Barclay's (or any bank for that matter) developed their own block chain that means they would develop their own software and here comes the BarclaysCoin (in a way)..... I will not focus on the BarclaysCoin, but I will focus on what they have already considered - saving huge on payroll. Right now Barclay's has 7000 branches worldwide [1]. (Before you read further keep in mind that the numbers I am using it's just examples and may and probably will not reflect to real life data) Now, let's say that on average there are 10 employees in each branch that get on average $2000 per month salary (plus insurance, etc). That is a total of: $140 Million Dollars per month!!!Now, back to the block chain: If they have their own block chain and client software they will effectively be able to gradually lower their branches (not the electronic banking) payroll expenses to $0 Dollars per month!!!  And that can be achieved simply with the use of Satoshi's technology. With the use of a block chain and client software there will be no need for cashiers, the customer can deposit and withdraw FIAT through an ATM and transactions will be made within the client software. Does the above sound like a possible scenario to you? [1] http://www.barclays.com/about-barclays/around-the-world.htmlThat all sounds possible and likely to me, the only problem is that it doesn't help bitcoin! People piggy backing on the bitcoin blockchain bloats the blockchain, and people replicating it means they have decided to use the technology but not the coin itself. I want bitcoin to be used as a protocol and the coin itself, but I speak as a holder, so I would! |
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Impossible to know... but when they were nearly worth nothing in the start, lot of them were lost for sure.
Yes, we can't be sure of the exact number of lost bitcoins. But: 1. It is not important. 2. It is actually a good thing that bitcoins are lost. 3. Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone. There must be a market for bitcoin treasure hunters?! It's basically hacking, but authorised by someone who realises that they had 100k Bitcoin on a computer that they threw away, or lost the passwords for! There was a story during the last boom about someon looking threw a tip to find his old PC hard drive because he has 1000BTC on it! 30% lost currency is crazy if you think about it, so really on 15mill will ever be usable |
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It will moon, as will the Dollar and Ruble.
Euro will fall.
- Mayer Amschel
I think Bitcoin rises, Euro falls then rises, much like bitcoin after Silk Road went down. Removing the weakest link from a currency should only make it stronger. There is almost no reason why it should fall when the average strength of the economies involved is increased! Therefore the USD and others would fall in comparison. |
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Yeah, I guess for this to be viable for growth it would need to have significant and unwavering controls over where the monitoring begins and ends (which may even be impossible).
I like the idea of banks and business having more interest in the Project, but not at the expense of the anonymity that comes with this currency...like cash. Although cash isn't completely anonymous because you're tracked when you withdraw cash, which is nearly the only way to get cash aside from selling goods.
There is no escape irrespective of anyone keep the cash or bitcoin or any currencies in the world, there would be always many sort of risk behind those people who has money and wealth. This is the same epic happening centuries ago, and there is no solutions for this even in future. The best way is to protect ourselves by our own way. Interesting point, so do you believe it's good that services are being made available for banks and companies to secure themselves in tracking bitcoin transactions because the onus is on the user to protect themself more so than the for protection of anonymity to be granted by the Bitcoin Project? Bitcoin being safer means to me that it is harder for someone to hack my account and steal my bitcoin. I don't care thar much about tracking them when they are stolen, they can be sent around enough that is would impossible to do anything about it very quickly. I wouldn't want to get done for holding stolen bitcoins, just because I bought some on an exchange that had previously been stolen and sold. |
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I don't think you are creating panic, but I do think you are reading into it more than should be. You can tell where a note was printed, yes. You can also tell when a coin/note was minted, but that doesn't mean that they will stop accepting all currency that is older than x years old. If anything, it would be worth having Greek Euro, they might be collectors items one day! |
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I see it as an investment at the moment. It is a relatively poor currency right now, as I can't spend it in enough places without having to trust someone or buy vouchers.
I use it to buy Pizza online sometime, otherwise it is an investment and some holiday treat money when I visit a major city with more chances to spend Bitcoin.
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I heard about it after the big bubble of 2013 when the price was about $150.
I bought some sub-$100 but traded, invested and sold way before the $1200 peak.
I started getting back into bitcoin at about $300 this time.
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yes, this is why I stick myself to non-inflation currency called bitcoin.) I hope that others will also realize, how those central banks, manipulating with exchanges and endless inflations harming them..
Non-inflation currency bitcoin? Thee are new coins minted every 5 minutes, and this will go on for another 100 years. Right now bitcoin is a quite high inflation currency, in a couple of years it will become a lower inflation currency, but still not a non-inflation currency. Bitcoin as a non-inflation currency now would be a nightmare. The Tx fees wouldn't be worth mining for, I think I could 51% it with a GPU! |
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The fear maybe comes from the fact that artificial scarcity can be changed if the protocol is changed. But then the general consensus of the participants will make sure that will never happen, protocol change of the scarcity rule will be discarded by almost every participants
I'm not sure that this is a fair fear in the case of Bitcoin. I mean it is obviously possible, but bitcoin is basically a global democracy, and if the admins make some stupid changes, like increasing the number of coins mined per block, then major miners can ignore that change and continue on the old blockchain. The press are always very keen to point out that bitcoin is ruled by a few people, but they couldn't really be more wrong. Granted an active dev team was a good thing to start with, but now is too late to make major changes, so I expect, block size aside, no hard forks in the near future. |
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