This article headline is misleading. Certainly hearing that 575 banks failed since 2008 is a big statistic. But it's misleading because it makes people think that the customers lost their savings, which isn't what happened. The only example used in the article is Washington Mutual (WaMu), WaMu failed and was bought out by a competing bank. The only change the customers noticed was a different name of their bank. The only hardship the customers noticed was having to get used to a new website for their online banking.

To be fair, how many bitcoin users have lost their bitcoins since 2008? A shit ton! Way more than customers of banks have lost their savings.

I love bitcoin. I'm a supporter. I just don't like it when people use misleading facts to push bitcoin forward, bitcoin doesn't need that kind of bullshit help.

Why should the tenth be 15 times more expensive than other coins with similar mintage? Just because people want that much doesn't mean people should be paying it. I bought my tenth for BTC0.71.

If we want fair prices we have to agree to only give fair bids and only accept fair offers.

I disagree. A valuation multiple is how one arrives at the premium. You or Quicksilver or anyone can say - all casascius coins should be sold for the same nominal amount over face value - it could be BTC1, BTC2, BTC10, whatever. The relationship between that amount and face value is the valuation multiple.

You're right that the premium isn't a valuation multiple (they're different things). But I disagree with how you guys are approaching this. I believe the premium paid over face shouldn't be the same. E.g., by your rationale every Casascius coin should be sold for BTC2 over face value, so a BTC1 coin should sell for BTC3 and a BTC0.10 coin should sell for BTC2.10. That doesn't make any sense!

One thing I do agree on is getting the conversation and debate out there. Here's a link to the mintage -> http://www.spotcoins.com/bitcoin/casascius

One important first step to saving money is paying off debt. Debt DOES make one a slave. Forever making payments. Lose the debt and you'll gain control and freedom.

Also, as you start saving consider how much you'll need to meet your real goal. For example if you want to save for retirement you should evaluate how much money you'll need. It costs two people (a couple) $219,000 to eat...just EAT...in retirement. Do the math: 2 ppl x 3 meals each a day x $5 avg. cost per meal x 20 years...$219,000. Insane!

Get saving!

Actually, given that BTC1 casascius coins go for 2-3 times the value of the bitcoin loaded on the coin, the BTC75 price tag isn't that far off for a BTC25 coin. I wish we had more information on what these coins have sold for in the past.

How does bitcoin fit into the standard definition and traditional role of money? how might it change money? Are you going to have subsequent commentary that extend beyond this introduction? Have you linked this up with any of the other money supply and currency use discussions going on in this forum?

It would be nice to get a healthy, educated debate going on the key challenges facing bitcoin and "money".

I just got upped to Senior Member and added the new signature. I look forward to being reassigned at the higher rank in the spreadsheet. Thank you.

Why would regulation imply greater success? Often regulation is instituted to slow down progress or growth, not to accelerate it. I haven't been following up with the BTC regulation news in Australia, so perhaps there's specific details i'm unable to consider.

I think bitcoin would serve Africa much better than Australia, here's why:

• Africa is a continent of 54 countries, that means there's significantly more opportunity for growth
• African Nation currencies are notorious for being inflation wild (See Zimbabwe's $100 Trillion note), which bitcoin could serve as the consistent alternative to wild inflation
• The poor do provide goods and services and need a currency that can be denominated at much lower levels

Too risky. The company establishing the accts could just take your coins. Plus, what if you lost your job and ended up penniless except for the BTC, you'd be the richest homeless person in the world. Wouldn't that suck? Keep ritee t funds in BTC if you want, and have the discipline to not touch it till retirement!

This is true. But don't you think that every negative turn despite positive news gets us closer to absorbing the impacts of the end of QE? Eventually the markets will have reacted as much as they ever will to QE and we'll be back on our own way...with the market reaction to new news only.

Your calculation is for market capitalization, which is different from price. Price for anything is built by supply and demand, this is true for currency as much as it is for stock. But of course for currency there are governments to control supply, which can keep the price stable or let it run out of control.

Bitcoin isn't tied to fiat, if the dollar goes up the price of Bitcoin doesn't go up with it.

I think a better question is - who from the bitcoin community is working with Apple to have them accept BTC on the Apple Pay transaction network?

It would certainly be easy for some bitcoin folks in the Bay Area to get a meeting with Apple, has anyone heard rumors of this sort?

The more bitcoin becomes a currency of choice the more transaction services like Apple Pay, Venmo, and the godfather PayPal will find it critical to include the digital currency as an option. It's all about how many transactions can they get, right now bitcoin doesn't have enough transactions to make it viable for inclusion.

Just my BTC0.12376...

This is interesting, it's good to know that Coinbase is spending time and effort on improving their mobile app. The thing I don't like the most about their mobile app is that one can't scroll through their various wallets to review balance information, transaction history, or select which account to make/receive payments. Currently the app defaults to one's Primary Address and there's very little insight one can gain about their account. To facilitate transactions to that primary address, the app does quite well.

I look forward to seeing more updates from Coinbase.

Name: Possum577
Position: Full Member
Bitcoin Address: 1Exx48BUTb57hPND67Mt5WwPXiTA9CjoEs
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Thanks!

Thanks for this.

Further in the OP, where the details on how to enroll exist there's the comment: "Available Spots: All Available"

Marco, I'm trying to access the http://bitsig.website/beta/ site, entering my UID and I'm getting the message "no slots available, please try again later."

Is the campaign closed?

Thanks

I don't think they can replace it...but they can use it or innovate within the system to get it to benefit their business or offer a new element/service, etc.

Cons for them...they're WAY behind.

Pros for us...further validates the value of bitcoin, the technology, the system...

What you're explaining is what bitshares does, it essentially says the same thing on their website.

Thanks for indulging me, I knew I just hadn't been around long (or involved deep) enough to know the significant nature of your work. I'm sure you see all the new people coasting around here so I'm sure other newer folks appreciate the proper introduction to your name and the big projects you've founded!

I'll be sure to check out the discussion with deBitcoin youtube channel to educate myself!

What's "uni"?