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I had higher hopes on the bitcoin economy. I find it hard to sell goods or services for BTCs. There is an inherent thinking that one day bitcoins may be worth $1000. So people tend to sit on their BTCs and do not use it as an actual currency.
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Found the perfect picture for you:   |
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No new contenders? Nothing fits MPOE-PR's fancy?  |
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Thank you! I made the gif for fun and partly to show off my ingenious sketching skills. Apparently there are very few though who understand an elaborated practical joke |
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Welcome gentlemen, to the simplest game of dice ever! Simply grab the die and drag it over the green table area to see your roll!    After you have rolled see the table for prizes: 1: Roll again 2: You have lost. 3: You have lost. 4: You have lost. 5: You have lost. 6: You have WON! You may keep your money! No registration required! May play as often as you like! You must be over 18 to play! I made the animated dice myself  |
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I think you got the perfect unicorn: and the perfect mermaid: Both are 10/10  |
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New mermaid:  Cute and sexy! |
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Still on. Here is a selection of goods that can be purchased online at Quirky.com
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I think this looks awesome (but no one gives a shit what I think ) |
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I think the left Unicorn is cute. Maybe you can cash in if you put him in center and make him facing left. The right one looks like he got an ice cone on his head |
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I don't mean to be rude but I don't understand how people on this forum manage to get scammed literally every day by something new.... and the worst part is.. nothing ever happens.. You guys will make a collection thread no doubt.. and that will be that..
It must be embarrassing for some of you.... ?
My unpopular opinion is that these ripoffs actually benefit the Bitcoin economy: - Vulnerabilities are discovered, security awareness and best practices are spread while Bitcoin is still in beta
- Stolen Bitcoins get into circulation and level the initial imbalance of early adopters vs. others
- Risk of theft counteracts hoarding and the deflationary spiral and encourages people to spend Bitcoins while they still have them
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A new Mermaid sketch [NSFW] It's not that nsfw. More explicit on popular demand:  |
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Necessity vs. Sufficiency: A necessary condition of a statement must be satisfied for the statement to be true. In formal terms, a statement N is a necessary condition of a statement S if S implies N (S => N). A sufficient condition is one that, if satisfied, assures the statement's truth. In formal terms, a statement S is a sufficient condition of a statement N if S implies N (S => N). Divisibility is a necessary condition, not a sufficient condition for Bitcoin to become valuable.
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Divisibility does not imply value.
Yes it does. The properties of good money are: - Portable
- fungible
- Un-consumable
- Durable
- Scarce
- Divisible
Divisibility in money does add value to a currency because it's easy to match an amount required value for an exchange. Okay, this is becoming an exercise in formal logic: imply verb °to have as a necessary consequence Q: Does divisibility of something have the necessary consequence that this thing is valuable? A: No. There are million things that are dividable, yet are not valuable. Horse shit being one of them. Everything else is true. Divisibility is an enabling property of money. Yet divisibility alone will not make something valuable. |
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Everyone forgets one thing - its not 21 million, but effectively 21 trillion coins, if you use all the zeros. That makes every current miner a millionaire in btc and a potential millionaire in USD as well. Depends on how widely adopted the currency will be in a future. I'd like to make a proposition on how to make BTC more popular. In fact, many people already working on it, but BTC community is not fully aware of those projects. I'll make a short review on such projects in this thread later on. As it turns down dollars can be subdivided into cents as well! OMG, I am already a ¢ millionaire! You're gonna eat those words when a bitcent will buy a car. Well, it is entirely possible that a bitcent will buy a mansion in future. All I am saying is that just because something is dividable it is not necessarily valuable.It's a ridiculous argument that I see popping up repeatedly on this forum. Divisibility does not imply value. |
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Everyone forgets one thing - its not 21 million, but effectively 21 trillion coins, if you use all the zeros. That makes every current miner a millionaire in btc and a potential millionaire in USD as well. Depends on how widely adopted the currency will be in a future. I'd like to make a proposition on how to make BTC more popular. In fact, many people already working on it, but BTC community is not fully aware of those projects. I'll make a short review on such projects in this thread later on. As it turns down dollars can be subdivided into cents as well! OMG, I am already a ¢ millionaire! |
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A new Mermaid sketch [NSFW]  |
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Selling $25 Quirky e-Giftcards for 3 BTCs. I will purchase the gift card with my own balance on Quirky.com and the code will be sent directly to your e-mail address by Quirky. Will only need your e-mail address for instant delivery. Validity of the code can be verified here. |
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As millions of new users wanted to try
That's a pretty inflated number... as of 2012 Jan, MTGOX, with 92% of the market, registered accounts was only 122,000. I think the news coverage has literally reached millions of users. I got infected by Bitcoin when it first appeared in Yahoo Finance and suddenly everybody started to talk about it. MTGOX is 92% of the exchange traded market. I believe a super majority of transactions happens outside MTGOX or FOREX exchanges. The bulk of the supply-demand balance are coming (or at least should be coming) from goods or services sold for BTCs and OTC trades. I still do not have an MTGOX membership but earn and trade bitcoins for goods and mostly services. |
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Last year's "crash" was because the bubble burst. Back then, Bitcoin's value was much lower than it is now, but speculators kept on buying like crazy. An exchange got hacked, which caused a sudden mass realisation in many people's minds: "I paid too much". And when a lot of people suddenly don't want a product any more, what happens to its price? IIRC, the price had gone from ~$32 to $15 before mt. gox got hacked. And nothing irreversible actually happened, it was only through the site, no coins were actually lost. The bubble happened because bitcoin's scarcity was artificially increased by those with existing coins. There was hardly any volume on the way up to $30, just very few actually putting coins up for sale. It was simply a matter of "I have X amount of coins that will make me X dollars and they're burning a hole in my pocket" that caused the "crash," and the fact that the great majority of people were not stupid enough to believe bitcoins were worth $30+. Bitcoins rocketed from almost nothing to $30 in between 2011 May -June. http://bitcoincharts.com/charts/mtgoxUSD#tgCzm1g10zm2g25zvThis is when the mainstream media like Yahoo Finance picked it up and suddenly a small hobbyist niche became subject to mainstream interest. As millions of new users wanted to try demand rose against a non-changing supply -> the prices sky rocketed. As the new toy became boring most new comers stopped playing with Bitcoins and prices settled back. |
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