Heh... I'm trying to delve into the recesses of my mind to find the drawer where I keep my high school Latin. And yet, part of me thinks that for a group that doesn't seem to know the difference between "except" and "accept", or between "affect" and "effect", this thread might just be a tad precious, no?
Piper67, if it is as you say then such a group should not use Latin  spiccioli. I agree... in the true decentralised nature of bitcoin, I think we should come up with the same phrase in Esperanto! How about something more modern, and designed with the idea of better human-computer communication - Lojban! Or we can make it truly universal and put a representation of an atom of hydrogen... like the Voyager probes |
|
|
|
who reports and where can I read about the bitcon?! any links of bloggers etc would be interesting..
Bit Navigator is going to be there at least uploading pictures, our editor has a wedding to attend to on Saturday unfortunately so our live blogging part isn't exactly worked out, for now the plan is to live tweet / pictures. also we are en route now link? pretty please? |
|
|
|
Heh... I'm trying to delve into the recesses of my mind to find the drawer where I keep my high school Latin. And yet, part of me thinks that for a group that doesn't seem to know the difference between "except" and "accept", or between "affect" and "effect", this thread might just be a tad precious, no?
Piper67, if it is as you say then such a group should not use Latin spiccioli. I agree... in the true decentralised nature of bitcoin, I think we should come up with the same phrase in Esperanto! |
|
|
|
I just know that bids increased by ฿17000 in the last 2 hours.  There are only ฿12000 needed to push us past $12.00* IF they remove a fake 4000 btc wall @$11.89 we would be at $12.50 with the same amount of coins  you don't KNOW that wall is fake, now, do you? Still, monkey with the ouija board in my basement is getting strangely excited for some reason  |
|
|
|
Assuming there IS a media blitz following the convention (which is really only Saturday), and those news stories show up Saturday night, Sunday and Monday, when will the price of BTC peak?
I doubt the stories will go to air Saturday, Sunday and Monday... more like Monday, sometime in the week and some time in the next month... which is really all good, actually, as it will keep the momentum going. The bitcoin conference is an interesting piece of news, but not as timely as the Dow collapse, or the suicide attacks in Kabul. Also, don't forget some print media will cover it as well. That means some articles appearing on the online versions of those publications. Then you have to factor in the delay in setting up accounts with tradehill, mtgox, etc... funding those accounts, buying BTC. I doubt we'll see an explosion due to the conference, more like a steady rise. Remember funding has gotten alot faster since ExchB has started accepting deposits at bank locations. Yes, it's true, but they're still just a fraction of the volume at MtGox, which will be the driving force... Give them a few weeks, though, and they may give mtgox and TH a run for their money. |
|
|
|
If you do create a new fork, why not just make a mechanism which allows for the destruction of coins as well?
Then just mine & destroy the first few million easy coins in a way which can be publically proven & seen to have taken place.
After that, release it to the public.
Or start at a higher difficulty right away.
Oh, MMFG! Does anybody else realized what could have been released here? Nothing would stop an individual from doing what Jack of Diamonds just divulged. Somewhere down the road there possibly could be an all out virtual currency war--one chain (rhymes with gang) taking out another chain, all in the name of increasing its worth.  This just in here at CNNNN&N! Although full details are not yet available, sources from the net confirm that users of BieberCoin have destroyed another million Bitcoin. Bitcoin, the granddaddy of virtual currency, is currently fighting a 17 front war. As you recall, yesterday we reported that it was way to quiet over at the Bieber camp, and that an attack seemed imminent. Today, our suspicion proved correct. We're joined now with Hash Newman, over at the AnonLulzCoin camp. Howdy, Hash. Nice outfit you're wearing. You seem to blend right in...Hmmm... except with each bitcoin destroyed, the value of all other bitcoins will just go up... it'd be like shooting yourself in the foot. |
|
|
|
A Symantec security researcher is reporting the discovery of a trojan that infects and adds users' computers to a processing swarm designed to brute force decrypt the bitcoin electronic currency system, generating as much as $150.00 per infected computer every month.
" brute force decrypt the bitcoin electronic currency system"  ? " decrypt the bitcoin algorithms in the background" ? What a ridiculous way to describe it. It's tempting to assume deliberate FUD - but I guess this is just incompetent journalism. Never attribute to malice what can be successfully explained by incompetence, ignorance or stupidity  |
|
|
|
enlighten us on how you solved the sentiment... I didn't. Still working on it. Solving the problem of fair initial distribution of wealth is an epic task. Human understanding of what is fair and what is not tends to change over time and is slightly different in the different cultures and societies. I'm sure there will be many competing approaches. In my opinion, you're facing a problem of literally universal proportions. Universal syntax incorporates (at the very least) the roots of justice and fairness if not justice and fairness itself. Since this syntax guides content (e.g. us acting within the universe) it creates the very problem you're trying to solve while simultaneously unfolding the solution. This solution has been and continues to be since the 'beginning' (for lack of a better word) of time. Good luck. +1 & +1 Agreed, +1 for the concept of the universality of the proposition and +1 for including time as a dimension. |
|
|
|
Heh... I'm trying to delve into the recesses of my mind to find the drawer where I keep my high school Latin. And yet, part of me thinks that for a group that doesn't seem to know the difference between "except" and "accept", or between "affect" and "effect", this thread might just be a tad precious, no?
Good point and, I for one, would accept any advise you offer. I would have probably gone with "in numeris vires"... but again, Latin was a long time ago for me. I'm sure there are other classically-inclined bitcoin enthusiasts on this board. |
|
|
|
|
Heh... I'm trying to delve into the recesses of my mind to find the drawer where I keep my high school Latin. And yet, part of me thinks that for a group that doesn't seem to know the difference between "except" and "accept", or between "affect" and "effect", this thread might just be a tad precious, no?
|
|
|
|
Its "supposed" to be gold?? How could you have no idea what you are making?
That's just for the hologram. |
|
|
|
Assuming there IS a media blitz following the convention (which is really only Saturday), and those news stories show up Saturday night, Sunday and Monday, when will the price of BTC peak?
I doubt the stories will go to air Saturday, Sunday and Monday... more like Monday, sometime in the week and some time in the next month... which is really all good, actually, as it will keep the momentum going. The bitcoin conference is an interesting piece of news, but not as timely as the Dow collapse, or the suicide attacks in Kabul. Also, don't forget some print media will cover it as well. That means some articles appearing on the online versions of those publications. Then you have to factor in the delay in setting up accounts with tradehill, mtgox, etc... funding those accounts, buying BTC. I doubt we'll see an explosion due to the conference, more like a steady rise. There's also the possibility that the conference doesn't really make it into the media because bitcoin is so, like, May 2011. If they send the crews, they'll air the story. Bitcoin might be May 2011 to us, but 9 out of 10 people on the street have never heard of it... if there are any camera crews there tomorrow, the story will go to air some time. |
|
|
|
Still a lot of listings going on and because bitcoin is becoming more public and it's such a pain in the ass to easily get one
many people will pay a premium to buy one on ebay, paying far higher than the market rate. I see 1btc selling for $20 or $25 dollars and they are selling, so there is a demand from the simple user who heard about it and only knows how to buy things on ebay.
I would think the solution would be to make the listing selling something physical with the bitcoin- like the bitcoin cards or
even a "bitcoin certificate" or something physical. They allow you to sell coins and bills so there is not a ban on currency... plenty of people sell mcdonalds coupons, mickey mouse dollars.. ect....
You have to make it physical and then I don't think e-bay will mess with you... but then again who knows.
There are already two ways, at least, to make BTC physical. Bitbills and the Bitcoin coin announced today. Nothing stopping people from selling these online, through ebay or otherwise. |
|
|
|
Assuming there IS a media blitz following the convention (which is really only Saturday), and those news stories show up Saturday night, Sunday and Monday, when will the price of BTC peak?
I doubt the stories will go to air Saturday, Sunday and Monday... more like Monday, sometime in the week and some time in the next month... which is really all good, actually, as it will keep the momentum going. The bitcoin conference is an interesting piece of news, but not as timely as the Dow collapse, or the suicide attacks in Kabul. Also, don't forget some print media will cover it as well. That means some articles appearing on the online versions of those publications. Then you have to factor in the delay in setting up accounts with tradehill, mtgox, etc... funding those accounts, buying BTC. I doubt we'll see an explosion due to the conference, more like a steady rise. |
|
|
|
It is obvious large investors came into the market during the last week, as the bid side was up huge. They however did not buy any bitcoins, they just put up bid orders in. <..more rubbish skipped..>
I do not think they will be able to afford the rate of new bitcoins being sold into the market, and will eventually pull out.
that got to be some of the stupidest analysis attempt I have ever seen on this forum, and that says alot too. yes right, some "magical investor" got a million usd into some shady exchange just to scare the price up (that just what all investors do) and then, when the price moves up, move money out because they can't afford it anymore. advice: get off the glue or you'll start seeing even more disturbing things. Hah, Piramida, you should know better than to engage Edward50... he'll be calling Bitcoin a pyramid-based ponzi scheme/bubble that's about to burst and carry us all down with it when it's trading for over 1,000 USD |
|
|
|
Oh.. and another reason the conference may do nothing for bitcoin - is that it might happen to coincide with some other news that grabs the general public's attention more.
Even if the the big stories are economics related.. any bitcoin news developments could get lost in the noise.
If the CNN's of this world show up at the Bitcoin conference, the story will make it on the news. It may get bumped by, say, the Dow collapsing. But eventually it will make it. |
|
|
|
Until the supply base has matured near ~21mm units or mining halts due to being unprofitable, the supply of Bitcoins is increasing. Therefore, inflation is currently the dominant trend.
The drop from $30 appears to have been a normal correction for such a move up. The only difference that appeared so shocking was the magnitude in price change. Otherwise, the behavior on a percentage scale is similar to equities that garner significant interest and make huge gains (in Bitcoin's case, a whopping 30-bagger), then settle and consolidate.
No, this is wrong. The supply of bitcoins is determined by an algorithm that is predictable (while you can't predict who will get a particular block of 50, you can predict how many will be generated and roughly when they will be). This was set from the start to be halved every certain number of years, so that right now, when a block is solved, the payout is 50 BTC. Some time next year (I think I read somewhere that it will be in May), that will drop by half, to 25... the same number of years later it will be halved again. That's why it will be an asymptotic curve all the way to 21 million coins... technically, you will ALWAYS have the chance to generate more, but by the year 2020 you'll have a better chance of winning the lottery. Again, someone who is better informed about bitcoin may wish to correct me, and please do. |
|
|
|
|
xali, you have the right idea for the long term, but right now Bitcoin is fantastically inflationary, to the tune of 7200 new coins every day. In about eight months (and I might be wrong, so someone who knows more about it should correct me if that's the case), the payout drops by half, to 3600 coins a day.
What is somewhat remarkable is that even at 7200 new coins a day, the value is still holding as well as it is.
Certainly, in the long run, bitcoin will be deflationary. But right now it's far from it.
|
|
|
|
It will either go up and down the next time it goes up or down.
^This^ ...but possibly faster or slower than we expect. 19 times out of 20 That's boldly numeric of you.. Sounds like you're bullish on the possibility of some zig-zagging occurring on the charts! It's all right there in the head and shoulders... or the inverted head and shoulders... or the reverse cowgirl |
|
|
|
It will either go up and down the next time it goes up or down.
^This^ ...but possibly faster or slower than we expect. 19 times out of 20 |
|
|
|
|
Show Posts
