this was a more restrained response:
The comparison between the price of one BTC and one Apple share price is ridiculous, idiotic in fact. They have nothing in common. Just looking around the room, my whiteboard costs more than a box of teabags. Whoever wrote this article is a grade moron.
Right, this is not just comparing apples and oranges, this is comparing the prices of 1 gallon of apple cider to 3.4567 ounces of orange juice. |
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Hmmm... why is BTC going down?  Is your chart upside down? It looks up 30% the past day to me? |
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what i find odd is that bitcoin is still based off US $ value. So this would make you think that if the hearing going on right now, fails bitcoin, then this could cause the value in bitcoin to avalanche to a very very low value. Yes, the world is adopting it as a world currency but if it's based on the US $ Value wouldn't it cause the value of bitcoin to not rise much anymore. I mean, people wouldn't allow the conversion of bitcoins and might be frowned upon? Just curious why the valuation of bitcoin doesn't get changed to another countries currency were that country has adopted/accepted bitcoins. Is it because the current .. what's that word... where the currency valuation is adjusted based on the USD?
This makes no sense. Bitcoins are not based on USD. The price is reported in USD because that is the unit we in the US are used to. If you live in the UK then you would report the price of bitcoins in GBP. It is just a conversion to whatever local currency you want to compare it to. |
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There are currently almost 900 million shares of Apple, so it still has a market cap 75 times higher than bitcoins (12 million bitcoins), and 43 times higher than bitcoins totally mined (21 million bitcoins)
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Within a year or two, I think. With the caveat it might also drop to zero.
I agree, if bitcoin doesn't fail and drop to $0, it will absolutely reach $1000, and almost certainly reach $10,000. $10,000?!?! Really?? That would take a very long time.... Why would it have to take a long time? Who would have thought going from 1 to 100 would only take a couple years? Why would going from 100 to 10000 take longer? The network effect starts to kick in and the adoption accelerates, so the rate of price increase goes up. Bitcoin could hit 10000 tomorrow, all it would take would be for people to pull the asks below that and raise the bids. |
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Honestly, maybe its a little on the conspiracy side of the house, but Ive always wondered why Satoshi doesnt come forward as the creator of bitcoins. But now it kind of makes sense. Come on, think about it with me.
The guy owns a million of these damned coins, and each new person he gets to invest pumps the value even higher. Maybe hes worried about public scorn when the bubble pops and investors lose money? The guy is essentially getting the best of both worlds: filthy rich and doesnt need to answer to anybody.
I cant imagine that Satoshi ever dreamed this would go so well, but its food for thought. Id like to know his rationale for holding onto so many of the coins. Is his goal just to bring the price up as much as possible? If so, why?
Satoshi can't spend his coins without risking his anonymity. Most of his coins are in blocks of 50 btc as the unspent block rewards from all those blocks he mined early on. He could cash out one of his later chunks of bitcoins without anybody knowing it was him. One block reward would be something like 32 thousand dollars right now, that is enough to live on for a year. Additionally, he could just sell the coins OTC for cash and remain anonymous. |
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If you send somebody money (whether it be bitcoins or cash), and they fail to uphold their end of the deal, can't you settle with them in a court of law? Isn't that what the courts are there for?
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Hello, I don't understand this: We currently require several share holders to verify their payout addresses. We currently have about 130 share holders and 30 without proper payout addresses listed. These users who've not yet properly confirmed their payout addresses will be contacted via a separate email and asked to sign a message with the Bitcoin client with their desired payout address. My public address on BTCT.co was a proper address I do control. So do I have to sign a message? I didn't get any email. Thanks It means if you do not have a payout address they will send you an email to get one. If your payout address was set before BTCT shut down then you will not receive an email. So if you don't get an email it means you had things set up right. |
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feedzebirds.com: This domain name expired on Nov 02 2013 04:08PM So, where is this going? Can the IPO be called a scam officially? We should keep bumping this. We should also link to this thread whenever Evoorhees posts anything. |
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I see a lot of accusations of potential foul play.
I see no-one saying they've been ripped off and there's plenty of people who have used us and are happy.
All I did was ask a few questions that anybody should be asking and you started attacking me. That is not the usualy response from an honest person trying to grow their business. If you were a scammer, you would be waiting for the amount of money flowing through the site to increase, so not having anybody complaining yet does not answer any of our concerns. |
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But people who do computer science have natural language, math, CS, and probably a half dozen different CS languages with semantic differences (procedural, functional, rule-based, document layout). To a greater degree (still pretty small for many) their minds are flexible enough to think in multiple frameworks.
Frankly, this is why cypherdoc's comment "the nerds do not know that which they have created" pisses me off. We know. Its the economics professors and media talking heads who were endlessly reporting and blogging negatively about Bitcoin. Before 2013 99%+ dismissed Bitcoin. But of that 1%, most were engineers.
But the "nerds" also know that, like daylight savings time the real world at times makes changes beyond the control of any system no matter how elegant. "We" know that bitcoin is awesome but at the same time we know what we don't know and can't control. So while I've been saying that bitcoin could become first global exchange currency I've been saying it quietly :-)
Yet how many of the nerds who found bitcoin in 2010 or 2011 sold off all their bitcoin holdings when they were up 10%, and completely missed benefiting from the big rises in price? |
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/popcorn
glad I could help give you some entertainment  |
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With all the speculation in BitCoin pricing, and the fact that there is a static amount said to be produced, (21 million), how will BitCoin mitigate being a currency that is accepted worldwide? Currently, the USA alone does about 1.2 trillion dollars of transactions. If the 21 million BTC were used in place of those dollars, each BTC would be worth around 60k USD. Is this correct?
Using the same logic, the world money market moves about 46,513,000,000,000 USD, which if the BTC market replaced, would make each BTC worth over 2,000,000.
Insights?
_V
You are comparing apples and oranges. For the USD you are taking the volume of money moved, and for bitcoins you are taking the total money supply. The M0 (total money supply) of the USD is currently about 3 trillion dollars. So if bitcoins becomes as big as the USD is now in terms of money supply then you could expect about 142000 (2013 USD) per bitcoin. However, because of the way bitcoin works as both a payment and assets system, you could expect bitcoin to more closely resemble the M2 money supply, which for USD is almost 11 trillion USD, which would be about 520000 (2013 USD) per bitcoin. But if you think about the way bitcoins can be used as a hard asset for savings, they may take over the role of gold, at 1300 USD per ounce and an estimated 4 billion ounces, that would give about 250000 (2013 USD) per bitcoin. Add them together and you get something like 770000 (2013 USD) per bitcoin. |
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PS I love how you accuse us of being sleazy Peter, when you're the one with the poor reputation flags next to your name - what does it say? "Warning: Trade with extreme caution!"
What does my reputation have to do with anything? I am not the one here trying to sell a service! Classic scammer technique, ad hominem attacks against anybody who asks a question. |
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We are currently running a 50% off fees promotion on our Facebook page. Please PM me for a code!
Right. Ignores the relevant questions, makes various vague assurances about "our research" and "our team", and stuffs in calls to action aimed at noobs. You're officially in scammer territory. Get lost. I've already responded but it appears the answers weren't read or ignored. No point responding to trolls. They've made up their mind. Nasty, rude and clearly one of them is a scammer accusing us of being scammers? Making statements about our marketing person without even knowing anything about them short of a few posts on a forum? Then tell us who you say.. Once again, I'm not in a position to share yet. Good for them. No matter, we are already getting excellent business that far surpasses our expectations. Anyone else, you are most welcome to use our service. You will find that we are not scammers. But I do encourage to judge for yourself. You did not actually answer any of the questions, you just spun a bunch of sleazy crap. Maybe you do not understand how the trust system works here? Nobody who has been questioning you shows up as negative trust to me. I see Moderate is accused of scamming 1000000 bitcoins, but clearly that is just somebody upset about him calling out scams. Nobody trusts what the scammer says, so that rating does not show up in his trust rating. "Making statements about our marketing person without even knowing anything about them" That is correct, we don't know anything about your marketing person, or anybody else on your "board". That is the point we are trying to make: you need to tell us more about yourself before we will trust you with anything. "we are getting excellent business that far surpasses our expectations" ... You expected nobody to fall for this and you are suprised to be getting some traffic? Or maybe this is just a lie to try to convince people that it must be safe since other people are already using it? |
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I welcome all of your questions and will answer them where I feel we are not offering anything commercial in confidence or giving a competitor an advantage.
BitBot
How would it be giving a competitor an advantage to say the names of the individuals behind this? You put up a whole lot of text without actually answering the questions asked. This sounds fishy, and you are not making yourself sound any less fishy by typing prodigious amounts of sleazy marketing bullshit. |
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Who are you?
Why should we trust you to hold our money?
Are the other posters in this thread your sock-puppets?
Why is there no contact information on your website?
Who is this "we" you keep mentioning on your website? Is this run by a team of people or just one guy hiding in his parents' basement?
Are you in the WoT?
How do we know your website is secure?
Do you have money-transmitting licenses from the governments of the areas in which you operate?
Who ARE you???
Trust: -4: -1 / +0(0)
Warning: Trade with extreme caution
You're the right person to speak of trust.  Huh? What I see for myself is: What does it matter who is asking the questions? I have been burned in the past, so now I am a bit skeptical of anonymous people who want to collect all our money. |
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Who are you?
Why should we trust you to hold our money?
Are the other posters in this thread your sock-puppets?
Why is there no contact information on your website?
Who is this "we" you keep mentioning on your website? Is this run by a team of people or just one guy hiding in his parents' basement?
Are you in the WoT?
How do we know your website is secure?
Do you have money-transmitting licenses from the governments of the areas in which you operate?
Who ARE you???
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These types of offers come and go, if you do not see any now then just keep an eye on the "services" board and another might show up in a few weeks or months. You could also post a thread offering to sell your signature space.
If you don't get any offers, you could be proactive and put up referral links, places like CoinBR or BitBet (and I am sure you could find more if you have good google-fu) will give you some percentage of the profits they make from customers who sign up after arriving at the site from your link.
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Thanks for the update. While we wait for a trading venue to be chosen, can we sell shares OTC? |
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