This one has been fun, but I'll be un-enrolling now. Thanks for the good campaign!
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Very cool, I just pledged for the early bird and paid with bitcoin. Can't wait to receive the final product in July!
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I now firmly believe that bitcoin price is manipulated by whales and nothing more.
Well that can't last forever. Only 21 million coins max, there's not enough to go around if bitcoin gets big. What happens if coinbase or circle run out of bitcoin to sell during a huge influx of newcomers? They go to their supplying miner or exchange and buy some. Eventually the whales will run out of coins or decide to stop selling.
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Ok so we all get what he's doing to make money. However I think this is a very bullish development. He stepped down and is creating his own firm to handle regulation on digital currencies like bitcoin, meaning he knows bitcoin is here to stay and there is money to be made in the sector. Lawsky talked to higher-ups and big dirty bankers and likely knows what is coming down the pipe for bitcoin from a regulation and banking perspective. If he stepped down and decided to start a law firm that handled other financial regulations that did not include virtual currency, then that would have been a huge red flag of bad things to come for bitcoin.
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It's quite possible that your name or business showed up on OFAC ( http://sdnsearch.ofac.treas.gov/). Working in commercial finance we are required to screen every applicant that seeks a loan with us. If there is a match we are required by BSA to reject the transaction. I'm sure Coinbase has similar compliance requirements.
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OOoo this looks fun, lemme try!
I [know] that bitcoin price will [rise] and will settle in the BTC[1] price range in the next [light-year]. Looking at [chickens in the yard] and [Los Angeles OKs $15 Minimum Wage] I know I'm right.
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If anyone can post a synopsis of the footage for the general lurking audience, may plenty of rich karma come your way.
Very well, they started with an introduction and asked each interviewee how they would explain bitcoin to a 3 year old. The guy the wrote the book that this even was promoting (popper) calls it a spreadsheet in the sky, Gavin calls it digital cash and the Fred Wilson talks about the underlying technology. Andrew the host asked how do you get bitcoin, he was hinting at mining but Gavin said you have to buy it or earn just like you would with fiat money. Then they discussed the libertarian view of bitcoin and if that was meant to be when bitcoin was created it or if libertarians are the ones who adopted it. Then onto illegal transactions, silk road etc. Somewhere along the line some one blurted out 51% attack which sent the whole interview on a tangent about the fork in 2013 and the host Andrew seemed convinced that it was possible to be sold/receive "fake bitcoin" (bitcoin from a off chain, not the main accepted chain). I'm surprised Gavin didn't voice up and explain more about this. Then they started to speculate and discuss the future of bitcoin and how it will fit into the world. Fred seems convinced that banks and credit cards will adopt the blockchain for transactions. Gavin gave a good explanation that bitcoin isn't something that you can "pigeon hole" into something we all know today. When automobiles came out they were called horseless-carriages, because all they knew were carriages and horses and it was "pigeon holed" into this category. Then they went onto to discussing the price, not much insight here. Who is satoshi talk... Is bitcoin just for illegal transactions, etc... and that illicit use was part of the rise of bitcoins value. Then discussion of Lazlo and his 10,000 BTC pizza. Fred admitted to owning between 500 - 2000 bitcoin. Gavin says he owns "some bitcoin" Then they went on to bitcoin the currency vs the blockchain technology. Then they took questions from the audience, like what CANT you do with bitcoin, whyy will miners still mine after 2140 when no more block reward. That about sums it up.
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Thanks for posting, it's showing the full video now even if you missed the stream. I think the fastfood style headsets they are wearing are funny. Very interesting, worth watching.
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5 USD dump over night then, is anybody starting to lose a little bit of hope? I'm going to hodl until the end but I'm starting to feel a bit deflated about the future of bitcoin so much so that I'm wondering if it was an awful investment to begin with. We've gone nowhere except down for so long now That might be how you are supposed to feel LFC. There are a lot of people that are threatened by bitcoin and <tinfoil hat>they could be the reason behind the constant down pressure. Or perhaps banks are providing down pressure while trying to accumulate everyone elses coins.</tinfoil hat> Also the inflation rate is currently insane, 25 new BTC every 10 minutes, 3,600 new BTC per day. Right now is too early to use price as the model for success of bitcoin. The bitcoin price is like cheap make-up on a tramp, it's the first thing people talk about and completely superficial at this stage of the game. You still own a very scarce item that allows instant transfer of value of the internet or even paper. The technology is revolutionary and even the big players are admitting that now. The protocol is not broken and bitcoin is building a very strong foundation for the future. Your biggest regret in 15 years will be if you gave up because the price went down. This is a one in a lifetime happening and you are lucky enough to know about it, how to get it, how to use it, store it, etc. That is your hedge; you are computer savvy compared to the rest of the world that still can't figure out to get that yahoo toolbar off their screen and are completely befuddled by bitcoin. This is going to be a really long haul, like I said 15 years is a good target. On a 1,000 mile journey it's not the mountains that stop you, but the sand in your shoe.
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Agreed. And now the price is climbing a little too Whats the ratio? 1:200? Yea that's what I heard. 1 share is 0.005 BTC. Today is just opening day though, a lot of excitement driving volume. Hopefully it continues, but say in a month will there still be interest to keep the volume?
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i doubt that the fractional reserve dumpers will share your opinion
Bitfinex, Okcoin, Huobi... in one year they will be history if they continue with current doing. With more and more regulated institutions opening to trade bitcoin, the big money will move there and places like finex, huobi, btc-e etc will have little to no volume. I think your 1 year prediction sounds like a good timeframe.
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A nice buy swell builidng on finex, a couple good buy walls of 100 coins each. Nasdaq Stockholm is live, but appears to make no effect on the exchanges. Bitcoin barely has a heartbeat recently... so little volume. Maybe we'll see some movement this week.
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cant be I see a sell wall constantly flashing on bitfinex. I think the Illuminati are sending us a secret message.
Life is demanding without understanding. google search... hilarity ensues You didn't know ace of bass?
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LMAO Now it all makes sense! I knew I was missing something. This guy is a scammer.
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Only $80,000? Either these guys were small time or the feds didn't get the entire stash. I'm thinking the latter. Makes me think, when they bust criminals and get fiat, they don't post the bills up for auction... I'm wondering how long until they decide to stop auctioning off seized bitcoins.
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I feel like I am missing something.
Why would someone want to use keys that your team generated and may have access to? Secondly, why would someone pay for X amount of keys? It's pretty simple for anyone to generate their own 1,000,000 keys.
Is it just the novelty factor that they were created using galactic radio noise? Lastly, I'm not trying to be rude, but using a google form for orders makes it difficult to take your company seriously.
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Based on the below quote between him and Gavin saying he can't code C++ makes me pretty darn certain this isn't satoshi. Try running with the -nolisten -noirc flags, see if that works around the problem (and please let me know if it does/doesn't).
As soon as I can try that I'll tell you. I'm not sure any of the current core developers regularly use TOR; getting somebody who does to contribute patches and review code for regressions is a good idea.
Not even Theymos? I can't possibly contribute with C++, it's way beyond my skills, sorry...
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I think the idea is intriguing. I wouldn't mind using my pub key everywhere instead of always having to come up with new passwords. I think there should be some sort of back up/recovery built into a website that uses this method. Perhaps similar to the ones we already use like security questions, and email verification and if you answer those you can provide a new public key incase you lost access to your old one. The downside is it is very techy, no way would my grandma be able to login with this miethod.
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As soon as the media get hold of Szabo... Satoshi will post a signed message, "I am not Nick."
Or, he'll come out of the proverbial closet and declare he is, whereupon we'll anoint him Saint Nick. Whoa mind blown! Best gift ever is from saint nick!
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