Someday, when quantum computing becomes an everyday thing, those BTC will be re-discovered. Of course, they will also likely be worthless. And neutron-annihilation type weapons that make nukes look like pea-shooters will also ... blah blah blah, far future blah
yes and the worlds traffic problems will be solved by the invention of the flying car  |
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One very strong argument against Bitcoin is the public transaction ledger: corporations / governments / individuals would not be able to conduct secret transactions.
Funny, I've always thought of that as a plus, not a minus. well you dont need to send coins through the network to give someone some bitcoins so ya corporations / governments / individuals will still be able to conduct secret transactions. but they will need to exchange the bitcoins in person |
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ya i had the same thought he might be forced into buying back higher, Weeeee!  |
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Is 10% a big deal in this case?
########## - normal price
######### - sale price
##### - 2 for the price of 1
When you're buying something 100$ that's $10 off. Not bad. Also many individual sellers are offering additional sales (some 2 for 1) and free samples for shipping price only. That said I still think it will do little to affect Bitcoin At the very least I am interested in how big of an effect it will have. Did SR announce this sale early enough for users to get money to the exchanges? the only effect buying things for bitcoin has / always will have is providing stability at the current price. buyer buys 10 @ 5.95 1 hour later seller sells 10 @ 5.95 In general, (and you have proven this time and time again) you are a fucking idiot. Growth in demand for goods and services conveniently purchased with bitcoin will shift the demand curve for bitcoin outwards. In the long-run, growth in txn demand will have an overwhelming influence on bitcoin prices. Without txn demand, the price of any currency falls to zero. If short-run things like a "sale" don't influence prices, it is because price is determined by long-run expectations about demand growth. A one-off sale has no effect on long-run expectations. If it did, a sale would provide an opportunity for speculators to buy prior to the sale, sell during the sale, and buy again after it ends. I don't believe in that kind of BS. A permanent 10% reduction in effective silk road prices (for example if silk road's fraud prevention technology improved) would definately boost bitcoin prices. you dont have to be rude sure if their is more demand for goods in bitcoin, then the demand for bitcoin goes up. but the point is the seller wont hold on to the btc, he will sell right away to avoid the volatility. all this dose in increase volume and add support for current price. in the future once bitcoin has a real working economy... the "bitcoin GDP" will have a huge impact on the price. right now it has very little effect if any |
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Is 10% a big deal in this case?
########## - normal price
######### - sale price
##### - 2 for the price of 1
When you're buying something 100$ that's $10 off. Not bad. Also many individual sellers are offering additional sales (some 2 for 1) and free samples for shipping price only. That said I still think it will do little to affect Bitcoin At the very least I am interested in how big of an effect it will have. Did SR announce this sale early enough for users to get money to the exchanges? the only effect buying things for bitcoin has / always will have is providing stability at the current price. buyer buys 10 @ 5.95 1 hour later seller sells 10 @ 5.95 |
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ill pay 100BTC so that i can lose my money 10Times after, weeeeeeeeeeee!
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look look its the 10,000 btc bid wall that got sold into at 5.20 it is now an ask wall at 5.95. 13% in a few days not half bad |
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You sold everything right? I sold it all and I'm short in a big way. Can't wait for the giant long squeeze.
 the market i trade at, is at selling coins at 5.89700CAD..... I'm hoping mtgox will hold 6$ for long enough for the Canadain Virtual Exchange to catch up... but i dont see a giant long squeeze happening, if i manage to sell at 6$ I'll be buying back at the first sign of trouble. Virtex is hilarious eh ? ya I've been looking into getting setup with a Mtgox account and doing some buying / selling across the two exchanges... sometimes we are 30 cents under or 30 cents over |
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You sold everything right? I sold it all and I'm short in a big way. Can't wait for the giant long squeeze.
the market i trade at, is at selling coins at 5.89700CAD..... I'm hoping mtgox will hold 6$ for long enough for the Canadain Virtual Exchange to catch up... but i dont see a giant long squeeze happening, if i manage to sell at 6$ I'll be buying back at the first sign of trouble. |
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lol i'm a bull! when we saw 2.5 jump to 3.5ish i said: "we are seeing the start of a never ending bull run" and i stand by that statement. when bitcoin is worth 1800/oz ops i mean /btc i will be saying "we will see 2000$ by then end of the year" happy trading |
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cool!
the only thing that bugs me with bitcoin charts is the way it looks when i'm looking at 1 day 5min interval,
too see the exactly what happened at a very specific time, its becomes very hard to see, maybe it would be easier to see if we could see 1,6,12 hours of data at a time, like mtgox live.
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that's a big if say "five ninety nine", five times fast, and you'll see why its going to be 8$ next week the sale is almost over   |
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i think it will hold their at 6.01 and be sold into slowly but surely buying right now isn't a bad idea... a bad idea would be to wait a few weeks a gr8 idea would be to add support to the 5.80 wall happy trading |
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It doesn't look like it will fall... Speculate.
and its gone! and its back! |
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From the article. (Bolding is mine) http://seclists.org/fulldisclosure/2012/Feb/0By full-disclosure standards this is actually old news; I disclosed it
semi-publicly to the Bitcoin developers about a month ago and they
committed a fix back then, and there's even been a Bitcoin release
0.5.2 since then which includes the fix (though only because one of
the other developers stubbornly insisted on creating a bugfix release
for other reasons - the head developer was strongly against it). All
previous 0.5.x releases were vulnerable and 0.6 hasn't been released
yet. I only just got around to looking into how the vulnerability got
in originally though and it doesn't appear anyone's really talked
about it.
This isn't a formal advisory either, more an example of how a
vulnerability can easily be introduced by a seemingly innocuous commit
and why the Bitcoin code needs more scrutiny. More important than the flaw itself, is that it perhaps suggests that code changes are being made without proper review. I'd prefer to see a more conservative approach even if it meant a much slower development cycle. just do like me and wait some time b4 upgrading to the latest versions |
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"PayPal will charge you $0.30 + 2.9%" has your paypal policy changed ? no more free personal transfers  i kinda saw that coming  |
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usd revenue 337,450
btc revenue 52,400
5000000 yen per month in costs -> 65 675 U.S. dollars * 12 months-> 788100 usd costs?
looks to me like they are losing money... which worries me
unless i am missing something...
takes money to make money they might be getting tax breaks for keeping the operating cost higher then their revenue. |
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 the bubble is over! |
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