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2061  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: August 25, 2011, 05:31:00 AM

A Currency for Nerds

"Without FDIC protection, or a realistic threat of an FBI investigation, it would look like hacking is going to be a problem for some time, which could seriously deflate the value of Bitcoin, though MyBitcoin is working to get the money back for people who were robbed. Deflated value or not though, it's still a better currency than prestige."

2062  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: August 24, 2011, 11:56:16 PM
Where Have All the 6970s Gone?

" The reason for the lack of product on shelves is not one of demand.  So basically bitcoin miners have not purchased every single card on the market (unlike the HD 5830, which is a favorite of the group).  The problem is supply."

Well that's a relief.. one less world problem that bitcoin can be blamed for!
2063  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: August 24, 2011, 11:45:15 PM
This blogger seems to think the 'main site' has been hacked - referring to (did I miss something?)


It's interesting how the echoes of bitcoin issues reverberate...
Within the bitcoin community such issues may seem to be bumps already well behind on the road.. but to other's they're signs that the road isn't to be travelled down.

It seems as though the Bitcoin has already seen its day.

EDIT: I'm really stretching 'notable' with blog posts like this.. I guess I have a slight bias towards treating this thread as something of a 'how does bitcoin look from the outside'.
I'll try to keep the obscure blog reports to a minimum.. but when there's misinformation potentially worthy of some commenter attention, or an interesting angle.. well it's tempting to throw some of them in.

2064  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: August 24, 2011, 11:26:30 PM
A merchant selling bumper stickers and buttons.. for whom the volatility of bitcoin is apparently a showstopper:

Bitcoins in Decline

"That’s a loss of over one fifth of the currency’s value in just one month. If we had accepted 100 dollars worth of Bitcoin payments on July 15, we’d have less than 80 dollars worth of Bitcoin today."

2065  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: August 24, 2011, 10:31:22 PM
Only one mention of bitcoin - and I'm not sure bitcoin is necessarily best suited to micropayments on a large scale.
(At least not in current form.. I gather some of the 'scripting' proposals may make it more suitable for this sort of thing)

Credit Cards Are Killing Creativity: The Case for a New Online Payments System
Michael Moore-Jones

"So, what should we do to provide an alternative to the current credit card payment system? Micropayments aren't enough - we need to be talking nanopayments. There must be a ubiquitous digital payment system that gives content producers the ability to charge for their content, from amounts as small as one cent. Bitcoin is one of the key current players in this space, and the new social exchange MyCube is also working on solving this problem."
2066  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: August 24, 2011, 10:24:26 PM
Was surprised to see an a full two page article in this months Linux Format Magazine (UK) titled "What on Earth is bitcoin?" This is a printed magazine.

A fanciful article that seemed balanced but ended in a sour note about the EFF not accepting bitcoins for donations.

Thanks for the hit note.  Good to hear about magazine articles even if they're not available on line.
Found it here but pdf available only to subscribers unsurprisingly.
What on Earth: Bitcoin
Here's why you're unlikely to make a fortune generating your own stash of open source currency... (Graham Morrison)
2067  Economy / Speculation / Re: What do you expect to happen to bitcoin in a year's time on: August 24, 2011, 10:18:31 PM
Say you invested $1000 to buy a little under 100 bitcoins at current prices, and completely forget about bitcoin and come back in exactly one year.

Be careful of those cheap mindwipe services.  If someone is offering to sell you those bitcoins at near market price with a free or cheap mindwipe thrown in - you can bet they're doing it just to steal your bitcoins.
Best to get your mindwipe from someone who knows very little about bitcoins, or at least has nothing to do with your bitcoin transactions.

I'd pay quite a bit to get a 1year bitcoin-mindwipe so that I could get my productivity back Wink

2068  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: August 24, 2011, 07:02:17 PM
Tradehill Brightens the Bitcoin Market with E-Wallet Beta

"Tradehill, for the most part, has done a solid job of trading in bitcoins and has now announced the beta release of its very own e-wallet:"

"Also in recent news, Tradehill has added Dwolla back to their funding options"

2069  Bitcoin / Bitcoin Discussion / The Bitcoin Show: Special Bitcoin Conference Coverage: Stefan Thomas on: August 24, 2011, 07:57:58 AM

The audio on this is horrible.
Is there a better version anywhere.. or a transcript?

2070  Bitcoin / Bitcoin Discussion / Re: ‘Anonymous’ – Now accepting bitcoin tips on: August 24, 2011, 06:03:56 AM
I think we're seeing an enterprising scam to get bitcoins here.
"OpPaperStorm is an operation to spread awareness of Anonymous and our goals. To do this, we will post flyers and such in public places."

..right...  nice way to get that bitcoin donation address spread around.

As the Anons don't even know each other.. who's to keep the owner of that bitcoin address accountable?

2071  Other / Off-topic / Re: Any truth to this bruce ? (burce lureing minors in to fag hotel in spain) on: August 24, 2011, 03:57:58 AM
OP - you're an embarrassing idiot.
The thread linked to is a non-story by a twit - reposting it is pointless.

The hotel is mixed straight/gay.  Inviting people of any age to it for a meetup is a non-issue.
Inviting an underage person alone  to a hotel *room* would be an issue - whether you're publicly gay or not.

This thread is pathetic.
2072  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: August 24, 2011, 02:16:30 AM
Bored With Bitcoin? BitInstant Is About to Goose the Market By Making Trading Faster
2011-08-23 Adrianne Jeffries

In general I try to post blog/news items that at least appear somewhat external to what I'd call the 'bitcoin community' (or potentially have an audience that is outside it)
As part of the New York Observer.. I guess betabeat fits that bill.. although perhaps Adrianne Jeffries is in danger of being drawn in a little too close.

Not that bitinstant isn't an interesting development.. but I haven't quite grasped how it really changes things on a global scale.
I'm not sure how it is
" likely to encourage a new crop of casual traders and the Bitcoin-curious " as she states.
(From Australia - I've managed to deposit funds to MtGox within 24hrs (well once anyway) - but I don't yet see how bitinstant will improve on that for me.  Perhaps there are more deposit hurdles from within the US banking system.)

I hope betabeat manages to maintain enough distance to avoid becoming a mere mouthpiece for bitcoin projects (interesting though they may be).. and focus on issues that are novel or also of wider appeal.

2073  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: August 24, 2011, 01:00:02 AM
More from the blogger Anthony Freeman who has written a few pro-bitcoin pieces.

Bitcoin: The Ultimate Offshore Bank Account

" Cultivate and utilize a personal network of exchange partners to help you move in and out of your existing national currency. As more individuals become users and exchangers individual liberty will flourish."

2074  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: August 23, 2011, 08:21:07 AM
I often wonder how much bitcoin interest there is in Asia..
This japanese article talking about bitcoin and Radeon cards in China and Japan suggests there is indeed some growing interest.

Though it's hard to make sense of some of it via google translate....  I have no idea what the title means!

The reason for selling is stupid in China for 70,000 yen fine Grabowo

"Selling in China terrifying Radeon HD 6990 video card with such powerhouse. Anything, distributors and parts manufacturers, such as GIGABYTE town ASUSTeK Computer, or that the customers often come together to buy a dozen to several dozen video cards with Radeon HD 6990.

If the cause is neither imposed by increased competition from Internet cafes and online game center, not a professional gamer training institutions has increased. It "Bitcoin" that is involved."

"Bitcoin and P2P-based e-money is circulating in the world, Japanese people have become key players."

2075  Bitcoin / Bitcoin Discussion / Re: First Bitcoin Wave Machine ~ FBW on: August 23, 2011, 06:38:20 AM
Yes - it's the way to go.

I suggested this last month..but got no response.. clearly my mistake was not using *images* in every post!

I agree that the focus should be on getting it accepted by merchants.
Perhaps a more positive way to do this would be to encourage local bitcoin usergroups/meetups. At the meetups people could pick some local merchant(s) that a fair number would like to purchase from, and see if they can encourage and assist them in setting up bitcoin and prominently displaying the logo.
It might be the local pizza shop.. or pc shop for example.
2076  Bitcoin / Bitcoin Discussion / Re: Meze Grill not actually an exchange on: August 23, 2011, 05:04:56 AM
Whats the point of cash-back if Bitcoin IS cash Julz?

The point is it's not the *only* cash.
In an economy where both are accepted it makes sense for people
a)  to pay local currency - get goods/services + BTC
b) pay BTC - get goods/services + local currency.
Think especially tourists/backpackers!

Sorry for being snarky with you..  you sometimes manage to push my buttons as much as the SA crowd seem to irk you Wink
2077  Bitcoin / Bitcoin Discussion / Re: Meze Grill not actually an exchange on: August 23, 2011, 04:21:52 AM
Regardless, why are you going to a restaurant to sell Bitcoins anyways? Sounds stupid as hell, just sit down (PAY WITH BITCOINS) and enjoy your meal...

When you go to various shops here in Australia and pay electronically - you often get the option to withdraw a bit of cash at the same time. It's convenient.

It would make sense for a merchant such as Meze grill to have a fairly small limit on the amount of funds you can exchange - and also to require a purchase along with any 'exchange' transaction.

Cash-back is irrelevant with Bitcoin. Not even close to the same thing...

FFS. Does *everything* have to be explained to you?  If you think the idea of getting cash for some bitcoins while at a shop which also accepts bitcoins sounds 'stupid as hell' and if you can't see the parallel to using some other electronic payment system in a traditional shop and getting goods plus cash.. there really is no hope for you.
Stay out of threads you don't understand.

2078  Economy / Speculation / Re: wtf on: August 23, 2011, 04:10:03 AM
I wasn't able to watch as the main wall disappeared - and the tradehistory on bitcoincharts only shows a very small window of trades.

I guess if you are looking not long afterwards, you can deduce from the 'recent trade volume' whether a particularly large order was filled.. but is there a way to look at the trade history more directly?
2079  Economy / Speculation / Re: Post here when you DO have an idea which way the market is going to go on: August 23, 2011, 04:05:25 AM
Bitcoins will skyrocket soon. There seems to be a delay on some of the articles being prepared about Bitconf.

Well that's wildly optimistic.
Although journalists seem to write some pretty silly stuff when covering technical stories sometimes.. they're not silly enough to let themselves be used just to hype or pump some little group's vibe... especially if it looks like many in the group are just out to make profit from the extra eyeballs.

We may see a mention of it in something like wired.. but perhaps the conference will be just a side-note and the main coverage will be something like botnets and the GPU bitcoin mining trojans appearing.

2080  Economy / Speculation / Re: Monday after Conference rally fizzles on: August 23, 2011, 03:59:36 AM
Which press? writing about what exactly?

Exactly. The only press is Bruce and AJeffries from Betabeat!

The story is a fine fit for a tech section like betabeat - not necessarily so for a major story though.

It's nice to hear there was a table for the bitcoin ATM.. but what might have been newsworthy would be a working bitcoin ATM placed at the entry point - and then only payment in BTC accepted for entry.

.. somehow I don't think this will be happening in Pattaya next year either.

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