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1121
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Economy / Speculation / Re: Buy now or regret later.
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on: November 25, 2013, 04:41:52 PM
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i figure sooner or later a major retailer/chain will start accepting bitcoin, especially considering all the attention it's getting now. the roller coaster ride is going to get more turbulent, so be prepared.
Richard Branson accepting it is a step in the right direction. Let's hope he'll start accepting it as well for Virgin Airlines and Virgin Media. How awesome would it be being able to buy blurays, cd's or even plaintickets with bitcoin. Let's hope more (big) companies will follow his example. Just Hope Wallmart or Amazon start accepting BTC. If only 1 of them was 'brave' enough to take that step. I think it would be a huge boost for their sales if Amazon, for example, started to accept bitcoin. It would only be a matter of time before other big companies follow their example. That's really unlikely to happen. Amazon has their own payment service, why would they accept BTC which is pretty much in direct competition with their payment service? As far as walmart goes....It's walmart... I'd say tigerdirect or newegg would accept BTC before anyone else. Because most transactions on Amazon are processed by visa or MasterCard, and cost amazon several percent. |
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1123
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 25, 2013, 05:17:46 AM
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Sorry, I don't want to see a mass adoption bubble right now. Too early. I'd rather have 5-figure coins in the future than a mad gold rush now and millions of Chinese losing their shirts in a massive bubble.
I wonder how one slows down a bubble though. We all know when one is forming, but we are more or less powerless to stop it. So what to do? Play along and get it over with. |
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1124
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Economy / Economics / Re: I keep getting beartrapped- help?
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on: November 25, 2013, 03:38:12 AM
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Don't trade. If you absolutely must trade, use your BTC for margin trading and only go long, and only with low leverage. Selling in this market is best left to profit takers.
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1125
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Economy / Speculation / Re: The Great Crash
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on: November 24, 2013, 11:14:47 PM
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 I don't see any reason for a crash right now. In fact, things look pretty stable for the moment. That's a pretty nice crash! |
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1126
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Other / CPU/GPU Bitcoin mining hardware / Re: 50 GH/s BFL miner running at 15 GH.
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on: November 24, 2013, 09:43:13 PM
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Odd. A co-worker had a 25gh unit and same thing happened. I recommended putting it in the freezer for 15 minutes, he did it and it came right up.
Given that I have been abusing the hell out of my 20gh jalapeno here by basically dumping a volcano's worth of heat on the board, I wonder what is up...
One way to find out, there is a utility over on the BFL forums, the handy dandy bfl com port scanner that works right with FTDI drivers and will dump out what the unit is thinking. Try grabbing it and giving it a shot.
Another thought on those lines, grab another computer, load up bfgminer, and see what it says. Do the D for display, then M to view all the CPUs and see what's up. Maybe it's conflicting with something else in your mining pile.
C
Do you have a link to this debugging tool, and does it work with Linux? |
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1127
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 24, 2013, 08:54:16 PM
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So according to the video: If we're not running out of resources, why do we need to use them more efficiently?  To deny we are running out of resources, is the true "economic ignorance". We live in a debt based system that requires infinite growth but our planet and it's resources are certainly finite. If we had infinite resources, our debt based system could go on forever, but it can't because we don't. People don't look at what it takes to make that car, that some guy took a loan out on and the bank created money from air to pay for. This is why our system will eventually collapse because eventually you will run out of the resources required to build the items that people go into debt to buy. Without people taking on more debt, banks can't create more money from thin air and it all comes tumbling down. ZB is right. It is nice to see someone who understands fundamental economic truths. You can just study BP's Statistical Report if you still think that we are running out of resources. The truth is that known oil reserves are growing faster than oil consumption. Just because you agree with him, doesn't make him "right". And your refuting evidence comes from BP? I'm totally convinced now.  I don't "agree" with him. I know he is right because I have studied this myself. The R/P ratios (reserves divided by production) rises for many fossile fuels and since the end of the 19th century some people who do not understand economics have been warning about peak oil. Peak oil is a myth but I don't see why we should have a political argument about it. I agree peak oil is largely overblown since it is essential just decomposed organic matter, but that does not make all resources renewable. There are still finite limits on many things. |
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1128
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 24, 2013, 08:33:31 PM
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some might interpret that you're implying that climate change isn't real btw . . . .
The climate is changing, yes, as it always does. The idea that there is some serious crisis going on with man-made climate change is a total sham, however. Regardless of climate, ocean acidification via CO2 absorption is a serious threat to many marine species... especially tasty ones. Perhaps, and I haven't looked into that specifically but I wouldn't be surprised if that was a made-up thing as well. pH regulation should be among the easiest things for nature to handle. Much more difficult is pollutants and overfishing (that is one resource we can run out of, unlike oil). Leave that to Bitcoin. Property rights defined over oceans would end overfishing immediately. made up. There's a lot more CO2 produced naturally than artificially. This is a very nice way to get your tax money for their pockets. You can find out more here (and verify with your scientific sources).  http://www.skepticalscience.com/human-co2-smaller-than-natural-emissions.htmThat's why I hope Bitcoin prevails. I hate those guys. In the link you provided, the position you are taking is listed as a "climate myth". The response concludes with The level of atmospheric CO2 is building up, the additional CO2 is being produced by burning fossil fuels, and that build up is accelerating. . |
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1129
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 24, 2013, 08:27:26 PM
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some might interpret that you're implying that climate change isn't real btw . . . .
The climate is changing, yes, as it always does. The idea that there is some serious crisis going on with man-made climate change is a total sham, however. Regardless of climate, ocean acidification via CO2 absorption is a serious threat to many marine species... especially tasty ones. Perhaps, and I haven't looked into that specifically but I wouldn't be surprised if that was a made-up thing as well. pH regulation should be among the easiest things for nature to handle. Much more difficult is pollutants and overfishing (that is one resource we can run out of, unlike oil). Leave that to Bitcoin. Property rights defined over oceans would end overfishing immediately. Please do some research, here is a good overview to get you started: http://en.wikipedia.org/wiki/Ocean_acidificationNature does have good pH buffers, but in addition to the direct acidification via carbon, CO2 (aq) + H2O <-> H2CO3 <-> HCO3(−) + H(+) <-> CO3(2−) + 2 H(+) we are also dumping massive amounts of fertilizers and organic waste into our oceans. This encourages algae blooms that absorb dissolved oxygen and create more CO2. |
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1130
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 24, 2013, 08:09:39 PM
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some might interpret that you're implying that climate change isn't real btw . . . .
The climate is changing, yes, as it always does. The idea that there is some serious crisis going on with man-made climate change is a total sham, however. Regardless of climate, ocean acidification via CO2 absorption is a serious threat to many marine species... especially tasty ones. |
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1131
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Economy / Speculation / Re: Bitcoin Crashing Again?
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on: November 24, 2013, 05:49:15 PM
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Yeah. Today I sold a few coins at 760 and probably will buy back a few at 850 tomorrow. Best decision ever.
I've lost hundreds of BTC to relentless rallies. If you are a long term supporter, it's better to just spend them on stuff you want. That way, you can support merchants, provide liquidity, and either lock in some profits, or rebuy them to not lose out on future gains. |
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1132
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Economy / Speculation / Re: where has the spread gone?
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on: November 24, 2013, 04:42:53 PM
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I think its fairly likely that someone either in the Bitstamp management, or in the Gox management, or perhaps even in a partner site like Bitfinex, is somehow doing arb. The chances of an independent third party being able to arb effectively is pretty low IMO.
IMO you very likely don't know enough for your O to carry any weight in this matter. |
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1134
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Other / CPU/GPU Bitcoin mining hardware / Re: 50 GH/s BFL miner running at 15 GH.
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on: November 24, 2013, 03:26:03 PM
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it is easy
my bfl were running like crap and i fixed them take the fans off and remove the thermal tape they have and apply thermal paste
put everything back and let it sit for 30 min and run it
then you will see it hashing at the right speed.
Thanks for the tip! report back after fixing it I still need to acquire a star bit that is small enough to open it  . Unfortunately, I have higher priority things to get done before Thanksgiving. Hopefully next week I can get it running at full throttle. |
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1135
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Other / CPU/GPU Bitcoin mining hardware / Re: 50 GH/s BFL miner running at 15 GH.
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on: November 24, 2013, 05:52:06 AM
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it is easy
my bfl were running like crap and i fixed them take the fans off and remove the thermal tape they have and apply thermal paste
put everything back and let it sit for 30 min and run it
then you will see it hashing at the right speed.
Thanks for the tip! |
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1137
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Economy / Speculation / Re: New paradigm - the bubble that never pop?
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on: November 24, 2013, 01:40:47 AM
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It's not "the bubble that doesn't pop". It's "the bubble that isn't over". This is a consolidation before the next leg up.
You can not pop the bubble. That is impossible. Instead, you must realize the truth. What truth? There is no bubble. Then you will see it is not the bubble that pops, it is yourself. |
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1138
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Economy / Speculation / Re: Parity watch -> Who's next?
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on: November 23, 2013, 05:17:31 PM
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What happened to OP on this great thread? We're close to $10bn market cap... where does that put us now?
Apparently he deleted most of his recent posts, so he must have a reason to hide. Dunno that move is somehow connected with the fact he has recently become a multi-millionaire (search for "Vladimir's club") or with his recent trust rating of -4. Slightly offtopic, but can I get a sparknotes version of the Vladimir thing? The thread seems pretty old for him to have gotten the negative trust from Goat so recently. The Vladimir Club is a fake club whose members own 2100 or more BTC. |
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1139
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Economy / Speculation / Re: Milestones
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on: November 23, 2013, 07:14:50 AM
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I'm waiting for when BTCs are worth $10,000..... do you think it'll happen within 2 years?
At the rate we are going it seems like it could be next the end of next year. Looking at the chart 2013 has been a pretty impressive year with many milestones. It will be interesting to see how 2014 goes for sure. will u bee my girlfriend?   This guy might have something to say about that: https://bitcointalk.org/index.php?action=profile;u=154332 |
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