I love this part: He also said there is a digital currency called "Coins" originating in California that he claims is doing very well, even better than Bitcoin.
lololololol
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Happy April Fools! Oh wait.
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They really do show profits in your account if you deposit. However, the bitcoin you send will not be respent... check the blockchain. I smell a ponzi. However, ponzis are fun. I'm joining in
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"We live in a very special time: the only time when we can observantionally verify that we live at a very special time!" - Lawrence Krauss
For some reason, when I get into debates, I always have a hard time clearly enunciating this point... Krauss did it as well as anyone can.
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The supply of coins grows at the same rate regardless of demand. Stability requires a flexible supply increase to correspond with demand increase. This limitation will be an impediment to the growth of Bitcoin commerce.
You're completely incorrect. Prices cannot do anything BUT stabilize in the long-run. Now, in a Bitcoin world we may see the price for a coin change every day, but that change will asymptotically shrink over years and decades. What's important in a currency is that changes in money supply are A) minimal, B) predictable, C)not arbitrarily decided by specific actors. Bitcoin satisfies these requirements - and in fact Bitcoin offers the most predictable money supply ever created in any form of money. +1. Evoorhees: Thank you for answering all the economics-challenged people out there when they post threads like this. Nobody else bothers, but you are providing a very important service to this forum and the Bitcoin community. (Also, note that I am not ridiculing people who are confused about economics, just saying that someone has to answer them when yet another thread like this gets posted)
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I bid 25 Bitcoin
I bid 20 Bitcoin I'll see your 20 Bitcoin and bid 18 Bitcoin. I have confidence in this bidding process. I will see your bid of 18BTC and push it to 15BTC. Final offer. i'm going all in 1 satoshi omfg! I can't beat that You evil, evil person!
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I bid 25 Bitcoin
I bid 20 Bitcoin
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I don't know what the "true" resistance is, but I won't be selling either. I have sell orders placed higher, however, as I think we'll be punching through soon enough.
OMG!!!!!! Im investing heavily due to this comment... no joke.. LOL... proudhon finally makes a definitively bullish statement.
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Would you be willing to use a trusted hero member as a escrow service
No, he would not.
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There is a huge amount of resistance. That's great... it dampens the market and prohibits a bubble from forming, but when we break through it, we'll coast up to $9
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I've always been a bit confused about how exactly MyBitcoin did its marketing... they didn't have a forum presence, and they had been around since 2010. The first mention of MyBitcoin on this forum was by Satoshi. Did it spread through word of mouth?
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And there you see how resilient the price is
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I never leave BTC on the table overnight. Cause you never know when the big surprise is going to hit.
Want to be awake and react when that happens.
This is important. I cannot stress this enough. Leaving stops/limits on Bitcoinica open overnight are a surefire way to screw yourself over, because they take into account only the price, and not market depth, direction, or volatility (the things you would normally consider if you were manually trading on Bitcoinica). Also, just watch what happens when a spike triggers your stop or limit at a very bad price. In volatile markets, I've even had both the stop and limit get triggered, and this can lead to extremely unpredictable results. Bottom line: please trade while conscious
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If the user allows it, the total amount tipped to him could be displayed publicly as a sort of "rep."
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"Crop circles are so 2.0, KoQui. Satoshi, what do you think we should present to those humans next?" What is that an image of? BitCoin Beta I just decoded that crop circle... and holy shit. It's the private key to MtGox's main storage address! Just withdrew 500k BTC Thank you aliens.
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why don't you ask your Dad? seriously, I think he should do a more technical piece on Bitcoin; a full Elliott Wave Theory analysis. this.
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OP_SWIM
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this is hilarious.. great idea
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Grats! Nice puzzle
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