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Buy some bitcoin and invest in some non-ponzi ideas.
I like Just-Dice, even though that is actually Clams, but they can be easily traded to and from Bitcoin.
The returns are pretty good, and Just-dice is about as safe as you will find in the crypto world.
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I don't buy it. I don't see the UK being nearly as bad as America in breaking the privacy of it's populations. As with a lot of things, the UK is somewhere between America and Europe, not ideal but not quite NSA levels yet. I trust the Tories not to go overboard, Labour would have been worse, much worse. |
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Bears make new accounts to post bearish stuff under a different name.
Anyone can make as many accounts as they want, so can make lots to make it look like there is a big wave of newbies who are all anti-bitcoin, whereas why would someone actually find bitcointalk for the first time, then immediately post negatively? They would be interested in the possible future prospects of bitoin, instead of immediately wanting to say that it is dead.
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As everything is priced in USD, if the dollar is weak then the price of oil and other commodities will be weak too as it is priced in dollars.
It was seen in reverse recently when the USD was crazy strong against the euro. Commodities were falling in USD and rising in euro.
It is also a great advantage for America as it makes the dollar almost impervious to attack by traders. It is like having a very strong blockchain, whereas others are have less mining strength so could more easily be manipulated.
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Why would you want to send money over Facebook in stead of just sending money directly not through facebook?
It sounds like this is a very poor version of Bitcoin that should probably be ignored.
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I would guess that the miners from 21 inc would be more energy efficient and maybe able to store charge to continue mining when the device is turned off.
That wouldn't make them faster, but it would possibly make them better, and definitely better suited to what they need them for.
If they are faster, then others will very quickly adopt them and the difficulty will soar.
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It looks like they gave 40 choices and asked people to order them.
That's why you end up with people like Churchill being in the bottom half!
They should ask people to name the biggest villain in history, I guess Hitler would be number 1 and George Bush jr wouldn't be on the list!
Biggest hero in world history is difficult. I would have Nelson Mandela on the list. He was quite selfless.
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Every country should allow gay marriage. The question to those that are anti-gay is, what are you scared of?
I have gay friends, they are just people. I didn't choose to find women attractive and they didn't choose to find people of the same sex attractive, why should there be discrimination against people who are hurting no one and doing nothing wrong?
It's all society and religion, almost the name of the board here!
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I was pretty surprised having watched the BBC news today to log on and see this massive 'news'!
I would safely assume that this was a massive explosion, otherwise we would at least get some crappy cover up story to explain the large amount of radioactive background that would be detected for thousands of miles in every direction by anyone who cared to look.
Sounds like the stupidest sort of conspiracy, the ones that make no sense and would be easy to prove if it were true.
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“The question is how make the issuance of and access to money egalitarian on the one hand.”
What about work? What about merit? What about talent? Sorry, but issuance and access to money shall never be egalitarian. No way! Especially as some people will lose, spend or give away their fair share and end up with nothing. They will then complain that the system isn't fair as some who saved, stole or somehow acquired coins would be rich in the new world, just as they are under the current system. |
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Using Time-Series and Sentiment Analysis to Detect the Determinants of Bitcoin Prices See http://papers.ssrn.com/sol3/Papers.cfm?abstract_id=2607167Abstract: This paper uses time-series analysis to study the relationship between Bitcoin prices and fundamental economic variables, technological factors and measurements of collective mood derived from Twitter feeds. Sentiment analysis has been performed on a daily basis through the utilization of a state-of-the-art machine learning algorithm, namely Support Vector Machines (SVMs). A series of short-run regressions shows that the Twitter sentiment ratio is positively correlated with Bitcoin prices. The short-run analysis also reveals that the number of Wikipedia search queries (showing the degree of public interest in Bitcoins) and the hash rate (measuring the mining difficulty) have a positive effect on the price of Bitcoins. On the contrary, the value of Bitcoins is negatively affected by the exchange rate between the USD and the euro (which represents the general level of prices). A vector error-correction model is used to investigate the existence of long-term relationships between cointegrated variables. This kind of long-run analysis reveals that the Bitcoin price is positively associated with the number of Bitcoins in circulation (representing the total stock of money supply) and negatively associated with the Standard and Poor's 500 stock market index (which indicates the general state of the global economy). Number of Pages in PDF File: 14 Keywords: Bitcoins, error correction, machine learning, sentiment analysis I'm sure google trends would also work. I would also assume that Twitter and other markers are lagging indicators, i.e. they pick up just as or immediately after the price rises. During the last massive rise, the news were all over bitcoin and searches skyrocketed. I don't think the internet chat increased the price, rather the price change caused lots of internet chat. |
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I have talked about bitcoin with my girlfriend and a few good friends of mine. I have also explained it to my family.
No one seemed really bothered to be honest, much like when I talk about Silver!
When they see me pay with bitcoin they see it is useful at least, but they still aren't flocking to it!
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I doubt they will success, the hashrate is not stable, and it's always increasing, i doubt those chips can even make any profit after the hashrate rising too much. After all the hashrate of those chips can't change.
its not about mining to make a profit, its about mining to secure the network.. Dont you read? But who spends money to defend the network, people mine for profit, not out of the goodness of their hearts. The same goes for the investors, why would they invest in a loss making company, they must be planning to sell small ASICs at a profit to people who want to defend the blockchain.. I guess tha could work, but as I never bought an actual miner, I doubt I will get one installed in my toaster. It wont cost the end user money.. Its gonna cost the cell phone manufactures, electronics manufactures ect. And they will ultimately pass the cost on to? No one is in a business to lose money, is what I am saying. Mining isn't profitable unless you have free electricity, so the end user will end up paying extra fro electrical devices so that the defend the blockchain, something I don't see many people wanting to do. |
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Small Question, yeah and it will sound infinitely stupid?
- Can we implement Kimoto's Gravity Well (A Patched Up Secure Version, Of Course)
- Can BitCoin Implement Proof Of Stake Mining
Also, One Minute Blocks are Just Insane! (Not in a good way)
Isn't kimoto's gravity well only important for coins that have massive swings in mining power, i.e. not Bitcoin? I guess it wouldn't hurt, but it's also not vital in my opinion. 10 minute blocks aren't a big problem if everyone decides to accept 1 or 2 confirmation transactions, but I agree that waiting an hour can be quite annoying. 1 minute blocks don't seem to have any big downsides to me, I'd be for it. |
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I doubt they will success, the hashrate is not stable, and it's always increasing, i doubt those chips can even make any profit after the hashrate rising too much. After all the hashrate of those chips can't change.
its not about mining to make a profit, its about mining to secure the network.. Dont you read? But who spends money to defend the network, people mine for profit, not out of the goodness of their hearts. The same goes for the investors, why would they invest in a loss making company, they must be planning to sell small ASICs at a profit to people who want to defend the blockchain.. I guess tha could work, but as I never bought an actual miner, I doubt I will get one installed in my toaster. |
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Singapore-based Ernst & Young LLP Partner Jan Bellens believes "cryptocurrencies are a great innovation with great upsides for the long-term," as long as the two keys issues, named as security and KYC, get resolved in the short-term.
I dont see how "security" is the issue here since cryptocurrencies are way more secure in comparation to the old bank/fiat system if you are going in for long term. There could nothing more secure than "securing your own holding" like you can do with crytocurrencies. One of the issue with using cryptocurrencies is that it is inevitable to volatility that withhold some potential of it since most people only based on how good a cryptocurrencies is from the value of it I 100% agree that security is a big issue. Too many hundreds of thousands of Bitcoins have been stolen by hackers from what were thought to be safe wallets. Mt Gox were obviously a poorly run company, but they must have had some security measures in place. That didn't stop them getting hacked. Bitstamp are actually a good company and they got hacked, do you really think that if someone wanted to they couldn't hack your account? The masses aren't very tech savvy. Internet explorer is still used by about 20% of the population. They will be sitting ducks for hackers. KYC isn't a big issue for the masses, just regulators. |
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Is a few hundred bitcoin more or less than was expected for the first few hours?
It doesn't sound like a lot to me, I can't see the price rocketing from a few hundred buys..
Lets hope some bigger fish want to get involved soon.
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One bitcoin bank failed too!
Neo&Bee were a start up Bitcoin bank in Cyprus, but the owner ran off with everyones money. Regulations are usually there for a reason, even if they can be annoying, a normal bank can't just up and leave with all of the money in the vaults!
Out of interest, how many banks have failed in the last 5 years? I would guess not too many. I am pro-bitcoin, but I fear you are picking out figures to make bitcoin look good and banks look bad!
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I'm a bit late on this one, what was the IPO price, or opening price?
It's interesting that they show the actual BTC price right next to it, I guess the ratio will be interesting to see too.
Another tab to have open in the background!
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Don't banks fill an important role by allowing people to take out loans and so increasing people's capacity to invest in their businesses, buy houses, etc? How will Bitcoin replace that role if there's no third-party to store people's money, deal out loans and charge and distribute interest?
I'm sure this has already been covered somewhere but I haven't come across the answer yet.
I'm not sure that lots of the answers here address the question. If you are asking, how can a bank worth without fractional reserve banking, I would say that is can't really, or at least it would be very different. A bank has no incentive to lend 500BTC to someone to buy a house, when they will only receive 500BTC back. Given that sometime inflation of the BTC supply will be zero, they could not charge interest as the money simply wouldn't exist if this was repeated around the world. As fiat money at the moment is debt, it works with the fractional reserve system, if the whole world used Bitcoin, it wouldn't. Islamic banks as far as I understand would work with Bitcoin, maybe that would be the future.. You believe that interest can not be paid on BTC because there is no money volume inflation. This is bogous, and some misinformation about what interest is, is spread on the internet. The loaner has to get the interest from somewhere else, if it is for an investment, the profit, or if it is private, future work income. Fractional reserve will certainly exist in a future bitcoin world, but it is risky for the depositors and that will become appearant when some bank collapses. It will have to be held back by the market, just as it is held back by regulation now. If there is going to be a regulation, the reserve fraction should be regulated. If you ask me, it could be plainly forbidden, but some genius would find a way to do it. Islamic banks are no solution. They try to hide the interest part of the loan. The islamic ban on interest can not work, noone would lend, or lending would be a gift. Works only between friends and family. Bitcoin is just money, and it would work like your familiar money. Still, the soundness (hardness) of the money will have profound consequenses. I don't think you are describing the Bitcoin that Satoshi wanted or made. If there is fractional reserve banking, to allow bitcoin banks to make loans with interest, leading to banking collapses; and if Bitcoin is just money like our familiar money, then why not use Paypal on your mobile or Apple pay? Bitcoin is supposed to be different, not just a new replacement currency in the exact same crappy mold of the current ones. |
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