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61  Economy / Economics / Re: Why bitcoins are dropping, and will continue to do so on: August 09, 2011, 02:42:52 PM
62  Bitcoin / Bitcoin Discussion / Re: "Tom Williams" likely sold the entire myBTC.com bank @ ~13 and bought back at $8 on: August 07, 2011, 10:24:29 PM
Piper if that is the case... and the only value of bitcoin is whatever you can scare people into... then it deserves to die really

The only value of bitcoin is whatever you can convince people to pay


FTFY
63  Other / Beginners & Help / Re: question about selling on mtgox on: August 07, 2011, 04:03:26 PM
If the price is above the buying price, it will queue. If you sell for a low enough price it will trade instantly the highest buying price.
64  Other / Meta / Re: how to "subscribe" to threads? on: August 06, 2011, 10:01:21 PM
On the right side, top and bottom there is a notify button. That subscribes you to threads. You can also have it setup to subscribe you automatically once you reply. I don't know if that's default or not.
65  Economy / Economics / Re: Why bitcoins are dropping, and will continue to do so on: August 06, 2011, 09:53:39 PM
Well, with no reason to use them instead of regular fiat, and real risk of government intervention making them worthless, and a continuing supply coming on the market daily, I would guess under 10 cents.  That worth comes from the very small chance this will take off.  A low probability, huge payoff bet.    

Imho of course, and I could be dead wrong.  So diversify.  I personally would start watching charts for a buy point under 1.00, just to see if it sets up.  I might buy some around 10 cents regardless of charts.

You have to be kidding yourself if you think the price will drop to 10 cents. Anyone who sold a decent amount between $10-30 would happily buy thousands of coins at $1 or $2. If I sold 1000 coins at $25 and prices fell to $1, I would want to buy those 1000 coins back, plus more and still have a large profit. Especially considering there is nothing wrong with bitcoin, it just hasn't taken off as fast or in the way some have envisioned.

Obviously a guess, but anyone who made a good amount of money in the double digit range would have to be an idiot not to invest some, say 1/10th, back in once they think it has hit a low point. The chance to gain that income twofold would outweigh the risk of losing a small amount of your income at those low costs. That alone would keep us above the very low digits.  
66  Bitcoin / Bitcoin Discussion / Re: Bitcoins are now Mobile and EASY - QR/Wallet/Android/iOS - MtGox Mobile on: July 26, 2011, 09:09:17 PM


I hope this clears up any confusion, sir.


Confusion cleared, thanks.
67  Bitcoin / Bitcoin Discussion / Re: Bitcoins are now Mobile and EASY - QR/Wallet/Android/iOS - MtGox Mobile on: July 26, 2011, 08:59:41 PM


Edit: I think I may have a misunderstanding on a couple things. I'll look at it next time I try to use it.
68  Bitcoin / Bitcoin Discussion / Re: Bitcoins are now Mobile and EASY - QR/Wallet/Android/iOS - MtGox Mobile on: July 26, 2011, 07:55:37 PM
Edit: Misunderstanding.
69  Economy / Economics / Re: Mt Gox outragious 3% now, then 6.5% transaction fee on: July 01, 2011, 02:21:25 PM
The website does have the transaction fee.

"Mt Gox charges a small fee (0.30%) for each trade." While logged out on https://mtgox.com/trade, it shows .65%, but once your logged in that changes. Unsure if new users still get the discount? Either way, it's listed there.
70  Economy / Economics / Re: Mt Gox outragious 3% now, then 6.5% transaction fee on: July 01, 2011, 02:08:45 PM
The fee is .3% now, .65% later.
71  Other / Beginners & Help / Re: technical details of bitcoins on: June 22, 2011, 01:00:22 PM
http://bitcoin.org/bitcoin.pdf

https://en.bitcoin.it/wiki/Main_Page

All you had to do was go to the homepage.

Pools are only used because the difficulty is so high it would take a long time for an individual to solve his own block. In a pool, the generated block can be split between the participants so you get payed less amounts, more often.
72  Economy / Marketplace / Re: TradeHill Discussion Thread on: June 21, 2011, 11:02:09 PM
Click on BTC for currency.
73  Bitcoin / Bitcoin Technical Support / Re: Zero balance after computer restart and client crash on: June 21, 2011, 04:58:23 PM
The block chain needs to update if it is still doing so.
74  Bitcoin / Project Development / Re: Letter to the EFF on: June 21, 2011, 01:29:40 PM
Quote
Because of this, we’re giving the Bitcoins that have been accumulated, or that may accumulate in the future, in the account set up in our name to the Bitcoin faucet, so that they can continue to circulate in the community.

I didn't donate my bitcoins so you could put them in the fucking faucet, EFF. I donated so you could help defend against privacy rights. If I had known you were throwing my coins down the toilet, almost quite literally, I wouldn't have done so!

Why would a business like EFF accept bitcoins, and then months later ask their lawyers about the legalities? Shouldn't that have been discussed before, I don't know, thousands of dollars was wasted that came from those who donated and supported your cause?

"We've collected thousands of dollars in donations in order to secure your rights! Except we're not so sure we want to use your money anymore, so we're just going to walk down the road and hand it out to any stranger we see!"

Pathetic.



75  Other / Beginners & Help / Re: Cracking the passwords: Don't blame the MtGox, USERS ARE STUPID on: June 20, 2011, 11:11:19 PM
I know this happens on every site, but I'd guess a large number of these people are just testing out the exchange and didn't really give a shit if they were hacked because they didn't have anything in there.

76  Bitcoin / Bitcoin Discussion / Re: Anyone know what happened to knightmb and his 371,000 BTC? on: June 18, 2011, 04:52:06 PM
I think it was mostly a joke...
77  Bitcoin / Bitcoin Discussion / Re: Security Idea on: June 18, 2011, 02:22:08 PM
First, fuck Lulzsec. Thinking they fight for the rights of the people is laughable.

Besides that, I agree. There are some good people already looking for exploits, and probably just as many blackhats. We just don't hear much about it.
Edit: I don't agree. I thought this was about gathering a group of hackers looking for bitcoin exploits.
Carry on
78  Other / Beginners & Help / Re: Tis is me introducing myself :) on: June 18, 2011, 01:59:15 AM
Welcome  Cool
79  Bitcoin / Bitcoin Discussion / Re: WARNING: Buttcoin.org has a direct link to a Bitcoin Wallet Targetting Virus on: June 17, 2011, 07:28:42 PM
Thanks for the warning. Glad I never clicked on their links in twitter.
80  Other / Meta / Re: Suggestion: Security subforum on: June 17, 2011, 07:21:44 PM
I'd also like a security subforum.
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