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321  Bitcoin / Press / Re: 2013-04-04 - Is Bitcoin currency safe? Maybe, but think of it as a commodity on: April 04, 2013, 06:44:20 PM
It's a commodency  Grin
322  Bitcoin / Press / Re: 2013-04-04 Bloomberg 'Sorry, Libertarians, History Shows Bitcoin Isn't Future' on: April 04, 2013, 06:39:02 PM
I reminds me about the well written article about Bitcoin on bloomberg that was posted not a long time ago.
http://www.bloomberg.com/news/2013-03-22/bitcoin-virtual-currency-enters-real-world.html

So if bloomberg is controlled by some entity... why did it post something really positive about Bitcoin then?
I just can't figure this..... anyone?

Because some times large corporations have trouble communicating a fart between adjacent stalls in the bathroom.
323  Bitcoin / Bitcoin Discussion / Re: Oh Noes! Bitcoin has been hacked! on: April 04, 2013, 03:39:24 PM
We stumbled all the way down to $40 above the price at the start of the week... my kind of stumble, really.
324  Economy / Speculation / Re: btc crashing, the great sell off has begun on: April 04, 2013, 03:37:33 PM
looks like some people were screwed over in this thread Grin
It's amazing isn't it?  These "SELL NOW!!!" threads work again and again. People panic so easily and liquidate. Then the thread starter swoops in and buys up bargain coins.

Who are these "PEOPLE" you speak of, young fellow? One does not sell bitcoins!

Oh, and this crash brought us all the way down to about $40 higher than we were on Monday...  Grin
325  Economy / Speculation / Re: Will we ever see double digits again? on: April 04, 2013, 03:24:46 PM
We will see double digits again.

Yep

LOL

Proudhon has abandoned single digits and is now hoping for double digits Grin

Proudhon's predictions are indistinguishable from his wishful thinking.
326  Bitcoin / Press / Re: 2013-04-03 BI: How A Hedge Fund Could Get Into The Bitcoin Game on: April 04, 2013, 03:03:27 PM
the article states a negative that only +10M Bitcoins have been issued which is not enough.

these aren't shares, however, which can't be subdivided.  these are bitcoins which can be down to 10-8

Well, one ten billionth isn't what it used to be  Cheesy
327  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 04, 2013, 02:53:04 PM


Here we go again with newbies mysteriously allowed to post in this forum...
328  Economy / Speculation / Re: BREAKING-LEAK:Identities+emails of rich hiding cash offshore $32trillion's worth on: April 04, 2013, 02:21:02 PM


In the future, you can carry 32 trillion in Bitcoins like this.

No, the blockchain is already larger than 4gb.  Embarrassed

Hmmm... really? I mean, someone with your post count has to know this is a wrong statement.
329  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 04, 2013, 02:20:00 PM
...
History likes to repeat itself?

You are using completely different units for them.

The timeframe is the same.

Yes, and both years start with the number 2 (2011-2013) sell all the bitcoins!!!
330  Economy / Speculation / Re: Biggest(?) Bitcoin service in death throes! on: April 04, 2013, 11:57:54 AM
MPEx claims to have a valuation of BTC700,000, which would make it the most valuable bitcoin business of early 2013. Their main business is to issue options on USD/BTC exchange rate. As they claim the position is in excess of BTC100,000, it is obviously impossible to hedge in other exchanges. The risk is instead borne by "bondholders", auctioned out monthly, who will either win a fixed percentage on their bond amount, or lose a prorated amount of MPEx trading loss. In March they lost over BTC27,000.

I suspect the exchange has blown its risk management and will likely default in April/May if the USD/BTC rate keeps increasing as it has done.

The idea that bondholders take the hit if the month turns negative, is a clever one. But if you personally guarantee the black swan of bitcoin's disproportionate rise in excess and/or absence of enough bondholders, you play a dangerous game. The owner has clearly grown desperate as he sees his end coming.

The owner has something against me, and is likely to respond with hatestorm once again, skipping his chance to clarify my suspicions with actual facts, (which would be easy if everything is in order). Do your own due diligence.

I hold absolutely no long or short positions in S.MPOE or anything listed there.

You know how much sympathy they get from me? Yeah, about that much.
331  Economy / Speculation / Re: BREAKING-LEAK:Identities+emails of rich hiding cash offshore $32trillion's worth on: April 04, 2013, 11:56:04 AM


In the future, you can carry 32 trillion in Bitcoins like this.

Lost USB drive = lost 32 trillion USD

Rubbish, of course. Lost USB drive, go to bank, open safe deposit box, pull out paper wallet, restore, hello 32 trillion nice seeing you again. Gold and cash cannot be backed up, Bitcoin can.
332  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 04, 2013, 11:53:46 AM
Thursday is so the new Wednesday  Cheesy
333  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 03, 2013, 08:20:02 PM
MTGOX is single handedly killing bitcoin prices with their absolutely teDon't berrible system
Maybe it is a clear sign saying "spread your trading activities to other exchanges".
 Roll Eyes
?  Not sure if you were trying to be a smartass or what, I don't use GOX, that doesn't mean 80+% of the people don't, and they basically dictate the market price, and they are killing it, Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes

Not that true now, Virtex has been in advance on MtGox on price move for few weeks now.. I dont think MtGox will "dictate" the market price for long.. Following both, Virtex moves before MtGox for almost a month, and has always been followed by Gox..

Maybe we will soon see a BTC price expressed by an average of a number of exchange instead of MtGox price only !  I hope so !

Gox has also been lagging BTC China quite a bit in the last few days.
334  Economy / Speculation / Re: POP! (and up we go again....) on: April 03, 2013, 08:19:13 PM
This looks a lot more like a true top, so, yeah, pop.  Don't let the bouncing around fool you.

Now, Proud, how exactly are we supposed to shoot upwards now with the Gox trade engine all screwed up... really?

 Grin
335  Economy / Speculation / Re: Gox is an embarrassment... Coinlab and Coinbase should switch to other exchanges on: April 03, 2013, 08:00:52 PM
The problem is that whether we use Gox is irrelevant as long as there are big fish (Coinlab, Coinbase, Bitinstant, et al) using it.

Gox has made too much money for too long to be having these problems.
336  Economy / Speculation / Gox is an embarrassment... Coinlab and Coinbase should switch to other exchanges on: April 03, 2013, 07:51:52 PM
I understand the need for liquidity. But liquidity will follow service, not the other way around. There's no reason why Coinlab, Coinbase, Bitinstant and so on shouldn't have parallel deals with multiple exchanges.
337  Economy / Speculation / Re: btc crashing, the great sell off has begun on: April 03, 2013, 07:04:16 PM
Bear trap...  again...

they... will... never... learn  Grin
338  Economy / Speculation / Re: btc crashing, the great sell off has begun on: April 03, 2013, 06:59:14 PM
This happens every week.

if you think so!! I will sell now while the value is still high

Knock yourself out... literally.
339  Economy / Service Discussion / Re: Official Gox / CoinLab Integration and Transition FAQ on: April 03, 2013, 06:34:13 PM
I thought all the users were supposed to be over at coinlab by the 22nd

Live -- March 22
We'll have everyone moved over by March 22!


Did I miss something, misinterpret what they were saying or are they just behind?

They pushed it back "a couple weeks" on March 21.

Source?

http://coinlab.com/status
340  Bitcoin / Press / Re: 2013-04-03 Monetary Metals: Gold, Redeemability, Bitcoin, and Backwardation on: April 03, 2013, 06:33:29 PM
Although I own some PM's as a hedge, one of the downsides of gold is that the potential gold available to be mined is not a piece of information that is easy to come by. Estimates of the amount of gold that can be economically mined are anywhere from "a little" to "a lot." It's also very unpredictable because technology advances and new mines can rapidly change the amount of gold available internationally. For someone looking to save wealth, the level of predictability of currency increases adds a level of stability because everyone is operating with the same information. Say what you want about fiat currency, but at least the rate of currency generation is somewhat predictable, and often announced in advance.

Heh... and there are entire asteroids made out of the stuff out there  Cheesy
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