By ''him'' I meant Perelman. I have been having this thought Satoshi is Perelman for a few months after I watched a documentary on Perelman.

I think you guys are missing the OP's point entirely.  

IMO it's not about bitcoin being easier to use, it's about the ignorant and stupid masses that seem to want to panic sell every single day/week there is an "OMG, Mt Gox!", "OMG they found Satoshi!", "OMG ancient coins on the move!"

If the gullible masses are so easily to manipulate to dump coins by the mass Media (who works directly for the Corptocracy, who in turn is in bed with the politicians, the banks and the WS sharks), then what makes the future of Bitcoin (or any cryptocurrency) any different than it is today?  It's not like negative Media about bitcoin will just stop in 5 years.

Anyone reading this post has an IQ higher than the average person.

What makes me say that? Well, the average person in England for example reads The Sun which we know due to the popularity of the paper.

Unfortunately, as us intelligent Brits know, The Sun is a sad perspective of news. One of todays top stories:
"70 year old man's escort is son's girlfriend".

Equally, last week, I was at my girlfriends cousins house. He has 4 daughters ranging from 6 to 12 - He's an intelligent investor, very wealthy, but had no idea there were parental controls on the iphones/ipads he's given to his daughters and didn't know about the dangers online *sigh*.

We live in a non technical world where most people aren't technical, but those who are technical tend to be more successful these days...

The bad news, is for BTC to become the type of global currency we want it to be, the world needs to embrace it. In a world where our laws don't embrace international crime over the web, how are people going to ever want to explore something they simply don't understand?

I feel Bitcoin has a major problem and one that can't be solved for a generation or two, and that's to do with intelligence and understanding.

I invested at $1k - As a technical person, I'd been following the rise and can see the long term sustainability and benefits of BTC. If everyone around me non technical who also started hearing about it invested, that price would be $10k+, but I can't see it achieving high limits due to the reasons stated. I now worry we'll see the price lower long term as the world moves away from it..

Thoughts?

You got a short memory, Hoss. We are following the same pattern from the ramp from $400 to $607 then a pull back to $533 before the next ramp to $710.

tide always goes out before the Tsunami.

It does appear that the coins are doing something at Gox.
Let´s say an early adopter agreed to provide 200.000 coins and help MTGox to come back up.
What would the implications be ?

a) Lot´s of coins which will be withdrawn and dumped on other exchanges
b) confidence raises and we are going to the moon

I vouch for a)

if you absolutely panic and think you misinvested and want to sell lower than bought, i have a good way to handle it for you.


1) check the charts. realize how much you have lost already
2) calculate how much more it will cost you when it keeps going down like this
3) read the wall observer thread ignoring everyone except stolfi, kkaspar, fonzi and like
4) upon growing panic decide to act NOW
5) imagine you sell all your coins in one swap - BUT IN REALITY ONLY SELL ONE COIN
6) since you have sold now after experiencing real panic, price will start to rise now
7) congratulations you have hit a daily low to sell
if panic persists, try it with 5 coins...

I figured it needs to be within reach of the bed 

kkasper's weekly routine:

Monday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Tuesday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Wednesday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Thursday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Friday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Saturday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Sunday
Get up, have a wank, go back to sleep. Dream about going on Wall Observer and telling everyone they're religious zealots.

me thinks you´ll still be able to sell at 662 as a matter of last chance to GTFO cause bitcoin market is a very retarded idiot which is made for denying facts and screw over

the most participants possible 

As I wrote that it is absurd that we were going up, everybody was bashing on me and was writing "to the moon"  

Now we go down and these morons are silent.

Thanks to your "to tha moon" BS I also get in panic and bought @685 with every money I had (50K). And now I´m fucked.

like LITECOIN  


So if bitcoin days destroyed = how old these coins we can infer that there's a possibility of a cashout. A dump of these old coins will have a great impact on market, thus greatly screwing the guys with new coins (2013-2014)


you have been warned !  but yes under 90 bucks you can count on wallstreet to pick up the tap....but any other unregulated exchange will be gone...with or without your

coins...thats the question

So we're going down because of Satoshi , Japan or Mtgox coins being moved around?
Or because we are sheeps )))))

Probably. But they aren't rushing blindly into it for sure. Right now, there is nothing that is legitimately boosting the price (besides insiders/whales/fools). Wall street is probably waiting for a clear buy in signal. which could be regulations incentives in the US, mining difficulty jump (as new ASICs are about to flood the market), price crash...

Fair enough that you have your mantra or your view of things in which you seem to want to simplify and to describe BTC bullishness attitudes as a form of cultish behavior.

 Frequently, there is some truth to any fiction and/or any propaganda, including the framework that you are outlining.  

I do NOT really have any major problem with you having your viewpoint and expressing it - though I remain somewhat bothered that your simplification has a tendency to dilute and distract and to mislead....  and also sometimes it rises to the level of patronizing and criticizing guys for being blind followers - when that frequently is NOT the case.  YET, I have seen that a few of your posts have made decent points, from time to time, so long as you steer clear from what seems to rise to personal attacks.

By the way, my various times stating, millions, billions or gazillions, it does NOT matter was to suggest that the exact number was NOT the point that was being made at that particular time... though, I recognize that sometimes, we may need to get fairly specific concerning the numbers that we are considering.... .. and in that regard if we were to take a snapshot of bitcoin's current infrastructure, we are going to come up with several ways to calculate the value of that infrastructure.. and some ways are going to produce larger numbers depending upon which aspects of the infrastructure that are included in such snapshot(s).

great thing about bitcoin is that the market is never worried about the obvious implications that its completly rigged on his way back down to 30 bucks  

and if there would be at least a smear of integrity about all craptofuck left, LTC /BTC would be at 0.25 not ten times less

Cents? There are xx millions of dollars on exchanges at least so price would be at around $xx. What bottom price would be at flash crash doesn't matter.