You can get a Paxum debit card, then withdraw from TH or MtGox to Paxum. I know, it's not quite the same, but it works.
A Paxum debit card is pretty expensive imho. For smaller accounts, you're probably quite right. |
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You can get a Paxum debit card, then withdraw from TH or MtGox to Paxum. I know, it's not quite the same, but it works.
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I've been using this site for a few months and have been extremely impressed. That said, it's still not intended to be used for significant amounts of money. Don't store your savings there.
Agreed, not for large amounts or as your main place to keep bitcoins... but I have some BTC on an instawallet on my iPhone, and it works really, really well. |
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the all time low itself indicates an all time loss where everyone involved is poorer than they were
I'm not. And i'm quite sure i'm not the only one who actually gained from that drop. Yes, I think your original assumption is that poorer or richer is based solely on possession of fiat currencies. When the BTC/USD rate drops, one just gets more BTC, and is consequently richer, not poorer, in terms of bitcoins. |
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Since Mt Gox commissions went back to 0.65% from 0.30% trading volume has decreased significantly. As of 9:03 EDT on Aug 18th, I show volume of 16,521 and range of 10.679 to 11.04999. If this continues, it looks like a bad business decision. Volume was at least triple before the commission increase. If I were Mt Gox I'd rather earn 0.30% on 3X than 0.65% on X. It also leaves the door open for other exchanges to offer lower commissions, either temporarily or permanently. With lower volume has come lower volatility too. A 37 cent range used to happen in half an hour, now it's the range for half a day.
Yes, but volume may be low for other reasons, for example: 1) High volume came at the end of the month, when some miners need to sell in order to pay rent and bills. 2) The Bitcoin Conference and Expo are coming up this weekend, some may be holding on to their BTC hoping the exposure will cause prices to rise. 3) The 19 year old early adopter already got his Porsche and is now out driving it and impressing his girlfriend.  |
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If someone knows Banksy, he might be interested in promoting bitcoin. We will need guerrilla marketing to make smartphone commerce. It seemed whimsical enough to post.
cbeast, does this imply you know Banksy and you're in contact with him? Would be great to have him on board! I've conversed with many interesting folks, most of them as pseudonyms. There seem to be very few freethinking hipsters, and they tend to orbit similar worlds. If Banksy groks the significance of a proletariat crypto-currency, he may find a new milieu for his art and craft. There is nothing like a fusillade of acateleptic verbiage to make even the most puerile asseverations seem the acme of sagacious perspicacity. I'm just saying. Nice copypasta http://andyrantsandraves.blogspot.com/2007/12/how-to-use-really-big-words-to-sound.htmlOOOH... bad form! Unless Phinnaeus Gage is Andy, I fully retract my LOL... then give it to Andy |
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OnlyOneTV.com WILL be live streaming the entire #Bitcoin Conference & World Expo. We encourage EVERYONE in attendance to ALSO stream it. p1 If you have a camera, video camera, camera phone, MP3 recorder: We want YOU recording & streaming the #Bitcoin Conference & World Expo. p2 We also ask that you SHARE that video, audio, and photos content back with us... so we can upload a copy to our App for everyone to see. p3 Please BYOI. Bring your own internet. Bring your own Wi-Fi tethering solution. Internet is available from the hotel but it must be ordered in advance and costs about $200 for one wired connection. Only Love, Bruce Wagner http://OnlyOneTV.comskype name: punlman voice/text: +1 646-580-0022 Fantastic! The planets didn't align for me to come over this time, but you can bet your ass I'll be sitting at the computer at 8:30 am on Saturday and watching Bruce making his announcements! Thanks. |
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Cocaine, Ecstasy and Heroin used to be good things put to good use.
Have they been corrupted?
See, this is one of those "optical illusions for the mind"... the answer is no, cocaine, ecstasy (though why you include this in your list is beyond me) and heroin have not been corrupted. People who have become addicted to them, and have had their lives and those of others destroyed because of them, have been corrupted. Water is a good thing, but too much of it and you'll eventually drown as well  |
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It wouldn't be good for Bitcoin because Ron Paul would "fix" the dollar, so no reason for people to adopt Bitcoin to escape the dollar inflation. :->
How sweet, Americans thinking who they elect president actually would make a difference |
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I remember reading somewhere that the only ATM in the world in Latin is at the Vatican. Someone should do a Latin translation of the app, just for kicks  |
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If someone knows Banksy, he might be interested in promoting bitcoin. We will need guerrilla marketing to make smartphone commerce. It seemed whimsical enough to post.
cbeast, does this imply you know Banksy and you're in contact with him? Would be great to have him on board! I've conversed with many interesting folks, most of them as pseudonyms. There seem to be very few freethinking hipsters, and they tend to orbit similar worlds. If Banksy groks the significance of a proletariat crypto-currency, he may find a new milieu for his art and craft. There is nothing like a fusillade of acateleptic verbiage to make even the most puerile asseverations seem the acme of sagacious perspicacity. I'm just saying. LOL... risible, veritably |
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Actually, it was someone that bought up. Either miner with money or big buyer, they shot it up to 11, bounced back down a bit, and then another big buyer bought an addition 1000btc. Hovered down a bit, but its is just over 11.05 at this moment.
Could easily have been the same guy that dumped first, then bought back lower. |
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Getting in touch with Banksy is harder then to get in touch with Satoshi.
An imitation banksy might do it. If it's good enough Sheesh... then we'll start forking the Banksy chain with IObanksy, IxBanksy, eBanksy and all manner of other crap |
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well...?
Well, after the talk was when the main surge in media interest for Bitcoin happened, so I was pretty busy answering emails and attending some other events. I also lost 7000 coins at that time. And that caused me to focus on BitcoinJS. Long story short - the video (36 GBs worth of HDV) is still sitting on my computer waiting to be cut. FWIW here are the slides: http://www.slideshare.net/weusecoins/what-is-bitcoin-may-2011To be honest, this talk wasn't my favorite. It was my first talk about Bitcoin and I think I got better over time. Also it's pretty basic/introductory. So my suggestion would be to wait for the video of my August ISSS/Webtuesday talk to come out. I had a really good time during that one. Plus, they did a recording and promised to upload it, so I don't have to do anything. Stefan, after watching you on the bitcoin show with Bruce I hope I speak for everyone when I say: forget about silly videos, keep working on bitcoinjs and make it simple and foolproof... that will be worth more to the bitcoin community than all the bloody videos in the world. Then, once it's done, feel free to work on those videos if you want to |
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So you're saying the price needs to fall to get rid of "short term greedy people" because if they remain then they may cause prices to fall?
Do you see how, perhaps, this "problem" fixes itself?
What I am saying is that miners that are in the Bitcoin Economy today shouldn't be able to make any easy money, they don't add anything good for Bitcoin long term. We need miners that want to build up the infrastructure and believes in Bitcoin in the long term. I had one solution of the problem, and it makes common sense. Maybe you have others? I know that this issue is getting smaller for every day, because inflation is a bit less for every day, but we have at least over a year left of it. Fastandfurious, you're still not getting the point. If all the greedy miners went and bought their wares because they're greedy and they want to make easy money, but the difficulty increases and they make fewer coins, then they sell as much as they can to make their money back, bringing down the price per BTC, eventually, they are no longer making money and stop mining, which makes the miners that remain more profitable. Nothing like built in systems of checks and balances... simple and elegant. |
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Is it natural to feel different about where the price will be after 15 mins? Welcome to the rollercoaster... or, you could just put your btc on a flash drive, drop it into a drawer and forget all about bitcoins till 2015. Yeah, right |
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I think it'll be a ride for another year before it starts to stable out.
I'm not sure it's in the nature of a deflationary currency to ever stable out... but its rate of appreciation versus fiat currencies might become a little bit more predictable. Then again, look at gold |
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When is the supply of coins supposed to drop by half? Mid-2012?
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I think at this point a Bernankesky acknowledgement might do more  Actually, whether Bernanke supports it or despises it, just him acknowledging bitcoin's existence would be fantastic! I doubt he will, though... he barely even acknowledges the existence of gold! |
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an "alternate cryptocurrency" subforum should be made, and this thread should be stickied at the top of it.
And when it does get stickied, let us all remember what exactly it is that made bitcoin a success: it's elegant. None of these alternative currencies has so far shown even a fraction of the elegance bitcoin has. |
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