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As long as you trust them.
No matter the encryption, you don't want them getting ideas.
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I heard prison guards in China are making prisoners spend hours on end "making" gold in WoW...
Only correlation is both can be sold for $. That's it.
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Don't use his code! It will steal all your coins!
Huh? |
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I'm going to be there  Are most people going for the full conference passes or just the expo hall tickets (floor passes)? If anyone needs logistical support, PM me. I do a lot of trade shows in this city, and know the ropes. |
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Chinese who bought at $1200 USD aren`t happy, and must be eating ramen noodles for dinner this week.  Chinese happy no matter what. Anything to get their wealth away from their totalitarian government.  |
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Don't worry. They will add Bitcoin too, right after they finish adding "twerk."  |
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All you goldbugs know that the feds keep track of large purchases of gold and silver?
Wouldn't be surprised if it starts getting confiscated when a "crisis" erupts.
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Sheeple will say anything. They do not think for themselves.
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Thanks for the input. I will try it out.
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If anyone needs me to run a preliminary title report, I can do so free of charge.
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That's pretty cool.
I'm guessing most people would never wear it though for obvious reasons lol
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Heading to $700 Still bearish? I told the bears to wake up and buy when it hit $530 last night... Oh well.  |
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Paitence... eventually every arbitrage is getting closed buy bitcoins at a regular exchange move them to btc china sell them for yuan when the arbitrage is closed buy btc at btc china move them to regular exchange cash them and you got a really nice profit The risks are for the difference to go grow bigger btc china to go bankrupt China goverment can make up some evil regulations (and maybe there will be even a negative arbitrage!!! ) That is a risky move, holding all that Yuan in there. Might take months for arbitrage to close between the exchanges.... Nice idea though. |
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Welcome to the financial world.
The "issue" is that most of these suit and ties "work" for companies that pay them in fiat.
They cannot wrap their heads around a Bitcoin centric world.
Their mode of thinking is: invest in Bitcoin! Rather than "live" Bitcoin!
Even if they did understand, their job pays them to do xyz.
Relating the Bitcoin freedoms is not one of them.
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LOL at the Japanese girlfriend idea. Working on it? Already tried it 5 years ago LOL She gave me strange looks when I brought her to the bank. But seriously, do you think it would work? Everything I've read says you would need government documents showing you live there. And I don't trust the new girlfriend enough to use her bank account (sorry!).  |
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LOL at the Japanese girlfriend idea. But.... As I am typing this the spread between Bitstamp and MtGox is only ... $5 ?!?! WTF! What's going on? If I had to guess: bitfinex funds arrived on stamp? The spread has now increased to 30... will be monitoring this situation closely |
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On the way back up bros.
Shoulda stocked up in the 500s.
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LOL at the Japanese girlfriend idea. But.... As I am typing this the spread between Bitstamp and MtGox is only ... $5 ?!?! WTF! What's going on? |
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Winklevosses: Bitcoin worth at least 100 times more
Published: Tuesday, 12 Nov 2013 | 11:52 AM ET
By: Matthew J. Belvedere | Producer, CNBC's "Squawk Box"
The Winklevoss twins are screaming bulls on bitcoin.
Cameron and Tyler Winklevoss—big investors in the digital currency—said Tuesday that bitcoin should be worth at least 100 times more than it's valued today.
"The small bull case scenario is a $400 billion market cap. So the market cap is around $4 billion right now," Tyler Winklevoss said in an interview at the DealBook conference that aired on CNBC's "Squawk Box."
The twins, who famously battled Mark Zuckerberg over the origins of Facebook, started buying bitcoin at $9. Their investment was worth $11 million in April at $120 per coin.
After a sharp drop, bitcoin has surged into record territory again, hitting $385 in early Tuesday trading on Mt. Gox—one of the many exchanges for the digital currency.
Cameron Winklevoss said he views their investment in bitcoin as a gold 2.0-play but also a bet on the technology: "The idea that payments are increasingly going to use a network like the bitcoin network to move money around the world."
Adam Jeffery | CNBC
Tyler and Cameron Winklevoss
The Winklevosses want to create a bitcoin exchange traded fund (ETF), accessible to all investors. "We filed an amended S-1 in October. And we're just still going through the process," Cameron said.
He explained how bitcoin works: "Miners mint bitcoins every 10 minutes. It's basically a computer algorithm." He said the computers built to mine are so specific "you couldn't really do it as a hobbyist."
Bitcoin was created by Satoshi Nakamoto, a pseudonym, Tyler said. "We don't need to know him because it's based on ... trust in cryptography, not trust in individual."
As for what regulators in Washington think about bitcoin, Cameron said, "I think everyone recognizes the innovation and doesn't want to stifle it. They just want to make sure there's healthy regulations so it's used in a safe and productive manner."
Last month, bitcoin plunged after U.S. authorities shut down the Silk Road site, an accused online purveyor of drugs and other illegal services. Bitcoin had been hit by the perception that it was used primarily for transactions on Silk Road, and many had expected demand to dry up after the website was closed.
But Tyler Winklevoss said those concerns were never realized: "Prices are double what it was before Silk Road was shut down. So the demand to use bitcoin for illicit activity was clearly almost zero."
Mainstream merchants are slowly adopting bitcoin. Cameron pointed out that e-commerce platform Shopify announced it will accept bitcoin, and so has China portal Baidu.
The digital currency has even made steps into the physical realm, with ATM manufacturer Robocoin launching the first bitcoin ATM in a Vancouver coffee shop.
—By CNBC's Matthew J. Belvedere. Follow him on Twitter @Matt_SquawkCNBC. BTChttp://www.cnbc.com/id/101190181 |
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