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1501  Bitcoin / Project Development / Re: The Great Bitcoin DooM Tournament on: March 27, 2015, 03:19:31 PM
LOL oh yea I remember DOOM, I had it on 4 floppys.

Making custom wad files took up many hours of my younger days.
1502  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 27, 2015, 12:56:36 PM
I just had an idea about how to explain bitcoin: A bitcoin is real estate on the most secure public ledger in the world. Bitcoins are similar to land in that that the total amount is fixed. How much real estate? 1/21 millionth.
 
If the blockchain was Manhattan Island, each bitcoin would be worth 44.8 square feet.

If the Blockchain was Texas, each bitcoin would be the equivalent of 8.2 acres.

If the blockchain was North America,each bitcoin would be worth 290.7 acres.

If the blockchain was the world, each bitcoin would be worth over 2.7 square miles.


Some land is barren and worthless, what about farmland?

There are 3.4 Billion Hectares of farm land globally (http://news.nationalgeographic.com/news/2005/12/1209_051209_crops_map.html)

Avg price of farm land per hectare across the globe. $6,790.62 (#’s based on http://www.businessinsider.com/booming-farmland-market-2011-4?op=1 Sampling price per hectare in Russia, Canada, US, Brazil, New Zealand, Zambia, Ukraine, Romania, Poland, Australia, Argentina, England.

Market cap of farm land ~$23 Trillion. 3.4 Billion hectares * $6,790.62 = $23,088,108,000,000

1 BTC out of 21 million as a ratio = 0.0000000476 $23,088,108,000,000 * 0.0000000476 = $1,099,433.71

So one bitcoin is a million dollars! On sale today for only 250!
1503  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 26, 2015, 10:57:06 PM
How cheap do these things have to get before all the miners find new jobs? This is taking forever Roll Eyes
Don't worry, if price goes down too much some miners will leave, difficulty will decrease and a new equilibrium will be found.

In other words: "We can ride this thing all the way down to $1!"  Cheesy Cheesy Cheesy

Nice! I'll start warming up my 333mhs USB block erupters for the soon to be low difficulty  Cheesy
1504  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 26, 2015, 09:26:50 PM
how many coins does BIT hold then? any signed address known?

Last estimate: 135,634 BTC

https://bitcointalk.org/index.php?topic=337486.0

1505  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 26, 2015, 07:52:17 PM
It's 3:50 AM in Shanghai... how will China react to the BIT news once they wake up? I'm thinking bulllish, those China men really know how to rally.
1506  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 26, 2015, 07:49:37 PM
Someone should start a betting pool on when the 1st BIT trade will happen. At this rate it looks like it might take a while before all those N/As turn into numbers.
1507  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 26, 2015, 07:41:26 PM
Holy crap $200 for 0.1 BTC... Buy they don't really mean anything without a seller.

1508  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 26, 2015, 07:26:26 PM
LOL now up to $500
1509  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 26, 2015, 07:13:11 PM
BIT is live. No shareholders are desperate to sell even for $315. Bullish?

Really, BIT is live?? Anyone can confirm?   I'd expect to see a lot more market movement if it were true...
Silbert confirmed on twitter. No ask orders yet. Watch it explode here:
http://www.otcmarkets.com/stock/GBTC/quote

OK can someone explain the Ask Column on this page? I see a couple listed but price says "U" and size is blank?  
1510  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 26, 2015, 07:10:57 PM
BIT is live. No shareholders are desperate to sell even for $315. Bullish?

Really, BIT is live?? Anyone can confirm?   I'd expect to see a lot more market movement if it were true...

Straight from one of the main men https://twitter.com/barrysilbert/status/581167061101092864

As he himself writes, no one's put anything up for sale.

Hmm good news, prepare for epic dump LOL
1511  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 26, 2015, 07:08:01 PM
BIT is live. No shareholders are desperate to sell even for $315. Bullish?

Really, BIT is live?? Anyone can confirm?   I'd expect to see a lot more market movement if it were true...
1512  Bitcoin / Bitcoin Discussion / Re: Looking for Bitcoin millionaires to appear in TV documentary on: March 25, 2015, 10:29:53 PM
Next week's headline:
"Bitcoin Millionaire Tied Up and Tortured For His Private Keys After Responding To TV Appearance Offer"

What is your full name Chris?
What media outlet do you work for?
Is this project privately funded or is it backed by anyone?
Can you provide examples of previous works and projects?

1513  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 25, 2015, 08:49:03 PM
once all the shorts are in, we should be able to move again.

shorts still increasing, this could take all day...

now >21K coins

good stuff.

And short swap rate increasing, just reached 0.1
1514  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 25, 2015, 08:15:38 PM
LMAO this leocoin stuff is comedy gold!   Cheesy
Noobs are going to get burnt hard on this. I can see the posts now on reddit (LEOcoin lied! Let's shame them on the interwebs!)
1515  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 25, 2015, 07:44:04 PM
https://www.leoxchange.com/

this is some kind of april fools joke?

Big promises and hype all prior to launch... Sounds too much like a paycoin. Have fun altcoiners, I'm staying in BTC.
1516  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 25, 2015, 06:24:46 PM

But what does it MEAN!?
Something is brewing for sure this time

It means those who are buying don't have fiat, and those who are selling don't have bitcoin. The majority are leveraged positions which could create some serious volatility due to cascading margin calls.
1517  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 25, 2015, 05:29:28 PM
Long squeeze? Definitely possible, so I went with yes. We've went from 24.5 mill in USD swaps to 23.8 mill today, so some people are already closing their long positions.
1518  Bitcoin / Bitcoin Technical Support / Re: Secure hot wallet? on: March 25, 2015, 05:13:49 PM
what they should really do is, adding 2fa to the client directly, like an program that ask you for a password and user and then you can add 2fa as a security, would be pretty neat

it would make hot wallet possible

Someone posted a youtube video a month (or few months) back where they did just this. I believe they did a mod to multibit? They initiated the transaction and a window popped up, then they had to verify something on their phone before the transaction was actually sent. Does anyone else remember seeing this video?  It's killing me that I can't remember or find it now.
1519  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 25, 2015, 01:06:06 PM
I had a dream last night I was watching the charts (anyone else dream about BTC charts?) and there was a mega green candle, and we were back up to the $800's. Obviously only a crazy dream.  Cheesy
1520  Bitcoin / Project Development / Re: sorry if in wrong place on: March 25, 2015, 12:59:56 PM
Do you have any coding experience? 

Maybe this will help you: https://bitcointalk.org/index.php?topic=990348.0

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