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19041  Bitcoin / Bitcoin Discussion / Re: FinCEN renamed "stored value" to "pre-paid access", let's hire a lawyer! on: November 17, 2011, 05:53:14 AM
can't we push the issue... ask the court to make an official decision.
make them illegally define bitcoin.

would this be good or bad for bitcoin?



19042  Other / Meta / Re: A sub-forum for btc legal dialogue? on: November 17, 2011, 04:22:37 AM
Anyone interested in a sub-forum to this site that has a focus of the legal analysis to laws in various countries?  I'd like to have a place to focus and document issues relating to the US SEC and how it relates to individual and institution transactions of btc.

I believe we have a long road in front of us, and having a place to focus the exchange of regulation understanding will make more clear the future.

Anyone else think this could be helpful?

My $00.02

agreed, this would be usfull
19043  Bitcoin / Bitcoin Discussion / Re: Warning: Fake Casascius Physical Bitcoins website on: November 17, 2011, 03:10:43 AM
Yes, https://www.casascius.com (the dot com) is indeed safe.

gr8 i'm going to buy some soon!
19044  Bitcoin / Bitcoin Discussion / Re: FinCEN renamed "stored value" to "pre-paid access", let's hire a lawyer! on: November 17, 2011, 03:08:07 AM
what is this going to mean for the bitcoin consumer and bitcoin merchant?
19045  Bitcoin / Bitcoin Discussion / Re: Warning: Fake Casascius Physical Bitcoins website on: November 17, 2011, 02:48:52 AM
I would have been surprised to see a reputable merchant using the Mt.Gox leak list...

Anyway, casascius.net seems to redirect to www.casascius.com for me, so you got to fix the problem?

Yours
David

No, the scammer still controls casascius.net, and did that redirect, and is asking me for a ransom.  Attacker could change it anytime.

is it safe to order coins from https://www.casascius.com??
19046  Economy / Speculation / Re: We now return you to our regularly scheduled long, slow slide on: November 16, 2011, 10:54:05 PM

Bitcoin, last 5 months, on log scale. Brown line is 30 day trailing moving average.

The long, slow slide is right on track. It's been all downhill for 5 months now, and the trend is consistent  Currently, the price is cut in half every 5-6 weeks.

Every once in a while, there's a big drop, and then the price recovers. But it never recovers all the way.

Its been one price concretion after the next, going down, for the past 5 months.... whats your point?
19047  Economy / Speculation / Re: Do you short bitcoins while in parallel keeping a long position? on: November 16, 2011, 10:50:50 PM
there is really only  2 options
1 yes
2 no

but  if someone says no, does that mean they don't short bitcoins Or they do short bitcoins but don't keep a long position?

19048  Bitcoin / Bitcoin Discussion / Re: Sent some btc into a black hole on: November 16, 2011, 10:47:13 PM
Seriously unlucky because the way the adresses are generated, means that a random error being valid is VERY, VERY, VERY unlikely.

Even if you mashup 2 adresses at a random point, this is unlikely. You have a ungodly amount of bad luck...

LMAO ya man.. WOW, quick Spock compute the odds!
19049  Bitcoin / Bitcoin Discussion / Re: What happens if someone dumps a million dollars into the market? on: November 16, 2011, 10:40:38 PM
Hmm I wanna see a $1m bidwall and see what that does.

We saw a quarter mil wall like 2 days ago.

this wall, as with ever other wall of more then 100,000 gets canceled the minute people start to touch it

what would happen if a 1mill dollar wall was actually for real?
19050  Bitcoin / Bitcoin Discussion / Re: What happens if someone dumps a million dollars into the market? on: November 16, 2011, 10:26:53 PM
Hmm I wanna see a $1m bidwall and see what that does.

Should I try it out ?  Tongue

Time is now!
place your bid 0.15$ below market price.
commit to leaving it there no matter what.
people will be testing your metal shortly!
19051  Bitcoin / Bitcoin Discussion / Re: Sent some btc into a black hole on: November 16, 2011, 10:21:30 PM
omg 0.25BTC... you'll be kicking yourself in 2 years Tongue

in the beginning, people did lost of stupid mistakes like that... but with 100's of coins.

i hope in the future they will Re-mine the coins lost in the black hole
19052  Economy / Speculation / Rally! on: November 16, 2011, 06:12:06 AM
Go nuts! Grin

http://www.techdirt.com/articles/20110420/02412713972/can-bitcoin-really-succeed-long-term.shtml
19053  Economy / Speculation / Re: How Much Lower are We Going? Already at $2.25 !!! on: November 16, 2011, 05:54:17 AM
Pet Rock Anyone? (NMC)

Personally I believe NMC has as much or greater real-world use potential as BTC.  I think the idea of a decentralized naming system is revolutionary and amazing, and could enable the concept of smart property.

As to the OP, I'm currently betting on $1.65.

agreed

disagreed,

it will Never go below 2$.
19054  Economy / Speculation / Re: Gentelmen, buy your Bitcoins while you can still afford them. on: November 16, 2011, 05:51:54 AM
agreed!

i posted a fair bit... should be filled within hours (Canadian market)
19055  Bitcoin / Bitcoin Discussion / Re: What happens if someone dumps a million dollars into the market? on: November 16, 2011, 05:44:27 AM
if you bought 1 mill coins at a fixed price.... weather 0.20$ bellow or above market value... the price would definitely go up after the order is filled.
that's about 400,000BTC. supply goes down, demand is the same = price goes up
LOL, yeah it's just that simple.  How do you even know your $1MM order will be filled?  It could take months.

my guess:

at 3$  ... it will take hours to fill
at 2.5 you'll get about 50,000 btc a day
at 2$ you'll never get 1 damn coin.

Note: this topic should be moved to Speculation
19056  Bitcoin / Bitcoin Discussion / Re: The "Free to Pay" Campaign on: November 15, 2011, 05:43:50 AM
well that's one big step in the right direction! Smiley
19057  Bitcoin / Bitcoin Discussion / Re: What happens if someone dumps a million dollars into the market? on: November 15, 2011, 05:37:35 AM
Define "dumps."  If you put in a market price order for a million dollars, the price goes through the roof and you get brutally raped by buying bitcoins at ever-increasing prices until the market runs out of sellers or you run out of money.  If you put in a bid for a million dollars at a specific price that's below the market price, you might influence the price towards that price, but you might not.  If you put in a bid for a million dollars at a specific price that's above the market price, the market price would immediately bump up to exactly your price, and you'd have bought however many bitcoins were outstanding with Asks below that price, plus have a giant outstanding order left over.


if you bought 1 mill coins at a fixed price.... weather 0.20$ bellow or above market value... the price would definitely go up after the order is filled.

that's about 400,000BTC. supply goes down, demand is the same = price goes up

19058  Economy / Speculation / Re: Is it possible for us to get the price back up on: November 15, 2011, 05:26:25 AM
ya sure dump 1 million $ into the market.... watch it go up to 15$ and then back down to 3$ in less then 2 hours
Or, if you'd rather not endure the wait time to wire $1 million to MtGox you can go down to the bank, take out $1 million, and then light it on fire.
that would be illegal.
Damn, you're right.  Buy bitcoins instead then.  Same end result.  It just takes longer, that's all.
No it wouldn't.  Someone who was smart enough to be in the game (rather than just sitting on the sidelines spewing nonsense) would become $1M richer.

+1, yup that's the bottom line.

your either, stupid and go around spreading bitcoin hate. Or you play the game, have allot of fun, and maybe make some money.
19059  Economy / Speculation / Re: Is it possible for us to get the price back up on: November 15, 2011, 05:20:21 AM
Many people has the ability to easily bring back the price to $15-$30 range.
You just gotta talk to the right person.
ya sure dump 1 million $ into the market.... watch it go up to 15$ and then back down to 3$ in less then 2 hours
Or, if you'd rather not endure the wait time to wire $1 million to MtGox you can go down to the bank, take out $1 million, and then light it on fire.
that would be illegal.
Damn, you're right.  Buy bitcoins instead then.  Same end result.  It just takes longer, that's all.
well you'd portly end up with a 300,000BTC wallet..... but ya that's kinda useless.....

agreed,

bitcoins new slogan should be.

"Don't want to go to jail for burning money? consider buying bitcoins!"
19060  Economy / Speculation / Re: Is it possible for us to get the price back up on: November 15, 2011, 05:09:05 AM
Many people has the ability to easily bring back the price to $15-$30 range.

You just gotta talk to the right person.


ya sure dump 1 million $ into the market.... watch it go up to 15$ and then back down to 3$ in less then 2 hours

Or, if you'd rather not endure the wait time to wire $1 million to MtGox you can go down to the bank, take out $1 million, and then light it on fire.

that would be illegal.

 
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