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8001  Economy / Economics / Re: BitCoin price determined by... on: January 21, 2014, 11:14:48 PM
Bots
8002  Bitcoin / Legal / Re: 2014-01-20 contrariancompliance: What Would a BitLicense Look Like? on: January 21, 2014, 01:01:40 PM
Why is New York so OTT re: financial regulation compared with other states in the USA?

Probably because it's the financial centre of the US. 
8003  Economy / Speculation / Re: $5k shortly, you know it as well as I on: January 21, 2014, 11:32:30 AM
There's a lady who's sure all that glitters is doge
And she's pumping an stairway to heaven.
8004  Economy / Economics / Re: 85 people now own 50% of world's wealth on: January 21, 2014, 09:03:05 AM
I am quite comfortable in predicting the top 85 bitcoin holders hold more than the bottom 50% of bitcoin holders.

Ah, but it is mostly a very different group of 85.  That will help the global Gini co-efficient a lot.

Good point.  I would be surprised if there was any overlap at all at this stage.
8005  Economy / Economics / Re: 85 people now own 50% of world's wealth on: January 21, 2014, 07:38:38 AM
I am quite comfortable in predicting the top 85 bitcoin holders hold more than the bottom 50% of bitcoin holders.
8006  Bitcoin / Project Development / Re: Starting a new site called CoinRatios.com on: January 20, 2014, 09:43:44 AM
Sounds interesting.
8007  Bitcoin / Project Development / Re: [ANN] Reality Keys: An oracle letting you use external state in transactions on: January 20, 2014, 02:20:44 AM
Very interesting.  Even better if you are able to plug into more authorative sources such as Reuters monitor systems.  The quality of the data is obviously very important.
8008  Economy / Speculation / Re: The reason volume is so low on Gox, BTCE and Bitstamp on: January 19, 2014, 08:17:37 PM
That would explain the (pretty significant) volume drop on Huobi, but why BTCe, Bitstamp, and Gox?



Because those are Chinese traders too. 
8009  Economy / Speculation / The reason volume is so low on Gox, BTCE and Bitstamp on: January 19, 2014, 12:42:27 PM
Because China is already on holiday.




Come back in two weeks guys.
8010  Economy / Economics / Re: What are your diversification strategies? on: January 19, 2014, 10:06:43 AM
I have spent thousands of hours reviewing real estate investments and my advice is this:

Buy something that is already built and providing a significant and sustainable rental stream that will still be standing in 50 years and people will still want to live in in 50 years.  Try to buy something that returns more than it costs to hold (cash flow positive) in a stable or sustainably growing area. Big diverse cities with a future not little towns with one industry.  Only buy properties you control yourself no forced rental pooling and no short stay tenants.  Don't furnish the property you only encourage turnover of tenants.
8011  Bitcoin / Mining / Re: Health concerns Air quality in mining room on: January 19, 2014, 09:30:27 AM
Can you build a case around the GPUs and use a large fan to create a one way air current venting out the window? Frankly I don't think it is particularly good for you.  

http://www.ncbi.nlm.nih.gov/m/pubmed/15104785/
8012  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 19, 2014, 04:28:26 AM
Bad news and good news are floating around. It seems the market only focuses on the bad news, and ignore the good news. What the market should do, in my opinion, is to focus on the good news, and ignore the bad news.

The bad news aren't really bad, it is expected and unavoidable reactions from governments, they can only slow down bitcoin slightly.

It is oscillating (no trend) market, hardly any news bad or good, plays any significant role. Perhaps somebody want to buy as much bitcoins as possibly and interested to keep it oscillating.

Obviously bitcoin is now stable at its long term price.*













* A day in bitcoin land is long term. 
8013  Economy / Trading Discussion / Re: Earning Reputation for a New Exchange on: January 18, 2014, 09:36:42 AM
A good start would be publicly announcing who you are and providing proof of your identity. It would help to show you are not a 16 year old operating out of your bedroom.
8014  Bitcoin / Project Development / Re: Looking for reputable board members (not funders) for distributed exchange! on: January 18, 2014, 06:44:44 AM
Yes but you will be asking for cash next week.  Show more than arm waving.

No one trusts "trusted members of the community".  They can't come into your house and force you to write code to solve problems that don't have answers yet.

JR is dumping his personal stash of MSC as we speak.
8015  Bitcoin / Press / Re: [2013-12-20] Australian Bank Publishes Report ‘Bitcoin to replace AUD?’ on: January 18, 2014, 06:23:15 AM
The report is by NAB, which appears to be by far the most bitcoin-friendly of the Aussie banks. My former bank, the Communist Bank Grin is bitcoin-hostile. There are mixed reactions about ANZ; it seems as though they aren't necessarily overtly anti-bitcoin per se, but they have "fraud concerns".

How do you classify the Australian banks as bitcoin-friendly and bitcoin-hostile? Has the Communist bank suspended savings accounts for doing BTC transactions?

Coinjar which is Australia's version of  Coinbase uses NAB. 
8016  Bitcoin / Project Development / Re: Looking for reputable board members (not funders) for distributed exchange! on: January 18, 2014, 05:57:38 AM
How about you write a white paper explaining in detail how you are going to solve the obvious problems, show us the math, and then ask for cash.  Until then it's just another Mastercoin, Quark, vapourware project.
8017  Economy / Speculation / Re: FACTS OF GERMAN GOLD REPATRIATION = FED HAS NO GOLD = BITCOIN PRICE EXPLOSION on: January 18, 2014, 04:16:12 AM
Do you have any reliable sources for this or is this just gold bug chatter. 
8018  Economy / Trading Discussion / Re: Selling Mining Hardware on Craigslist & What Responses to Expect on: January 17, 2014, 11:55:17 PM
I never ceased to be amazed at how hard some people will work to earn a few dishonest cents.
8019  Bitcoin / Bitcoin Discussion / Re: Lawyer says Winklevoss ETF process going smoothly on: January 17, 2014, 10:42:51 PM
Quote
He said the Trust is making the case that bitcoin – often referred to as a digital currency – should be treated as a capital asset rather than, say, a currency or a commodity. That means bitcoin investments should be subject to capital gains taxes. Although some of the early enthusiasts for bitcoin might be put off by the arrival of a taxation regime, big institutions will welcome clarity on the taxation status for the new technology, Mr. Greebel said.

"The Trust" is doing what?

Are they making decisions about Bitcoin to some entity behind the Bitcoin users' backs?

I hope I just misunderstood that.

I think virtually all Americans already assume that bitcoins will be taxed as Capital Gains.  This isn't that big of a deal since everyone expected it already.

That is changing quite fast with the UK decision to treat it as a private currency to which capital gains tax does not apply. Unless the US wants to be left behind. 
8020  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 17, 2014, 11:24:48 AM
Jack be limbo, Jack be quick
Jack go unda limbo stick
All around the limbo clock
Hey, let's do the limbo rock

Limbo lower now
Limbo lower now
How low can you go?
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