102
|
Economy / Speculation / Re: Mt Gox CEO Karpeles says bitcoin exchange is at "turning point"
|
on: February 25, 2014, 04:03:19 PM
|
It would be cheaper to start a new exchange...
The cost of liabilities must be staggering at this point.
Unless the new owners have been buying GOXBTC on bitcoinbuilder at an 80% discount. This is going to be a bigger conspiracy than JFK. Here is a fact that I just made up. Gox has actually been using customer funds to build the biggest mining machine ever. But they made it too powerful, and it ruptured the space-time continuum which caused JFK to be "goxxed." No way man. JFK was definitely aliens.
|
|
|
107
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: February 25, 2014, 01:43:08 AM
|
For anyone still interested in true and verified news Playboy has started using BitPay http://www.coindesk.com/playboy-plus-accepting-bitcoin-payments/Playboy, the iconic media company that publishes Playboy magazine, is now accepting bitcoin payments for its adult entertainment content through at least one of its web properties.
Though not yet formally announced to the public, the payment option is currently live on the Playboy Plus website, and is available to those purchasing one-month, six-month and lifetime memberships through Georgia-based merchant processor BitPay.
Formerly the Playboy Cyber Club, according to its official Twitter account, Playboy Plus is an online component to Playboy magazine that provides original nude picture content.
Playboy’s online branded assets are operated by Montreal-based adult entertainment conglomerate MindGeek, and as such, the bitcoin rollout appears to be part of a broader move toward acceptance from MindGeek, not necessarily Playboy.
|
|
|
111
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: February 24, 2014, 05:50:39 PM
|
But Bitcoin is a protocol and therefore it is more sensible to compare it to the history of other protocols rather than computer games?
To an extent I agree I do not think this is a Higlander scenario
There can be more than one
Bitcoin is different from protocols because it does have a very specific unit price. Imagine if e-mail would have been created in a way that later adopters have to fill the pockets of early adopters, so they can also send an e-mail. People wouldn't accept this and would create an alternative where everyone has a fair chance with using this protocolSo, in my idea, bitcoin is not neutral enough to be called an protocol. Gaming suits better to it, especially with the amount of gambling that's happening at the markets. Flesh out this hypothetical currency where early adopters have no incentives and the luddites take most of the spoils. What would the incentive for adoption be?
|
|
|
113
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: February 24, 2014, 02:53:42 PM
|
If we haven't seen over $1k coins by June 1 it will be a pretty big disappointment. Bear market due to FUD is one thing, due to Gox is another. Good news does not seem to affect the price in any positive way, and the NeoBee news is no exception.
The only good news people are waiting for is gox opening up withdrawals again.
|
|
|
118
|
Economy / Speculation / Re: Upcoming MtGox Movement
|
on: February 19, 2014, 10:41:04 PM
|
If they're going to start withdrawals on Thursday they'll probably begin doing them manually. Doing them manually means they'll have to start on Thursday morning to get through a significant amount of them. So if we don't hear an announcement within the next 5 hours don't expect withdrawals today.
|
|
|
120
|
Economy / Speculation / Re: Bitcoin trending down. Dogecoin trending up.
|
on: February 17, 2014, 03:12:30 AM
|
The Dogecoin co-founder has a hard on for regulation and he's somehow in talks with supposed VC people about getting them involved about doing some too secret to talk about serious business. He also thinks Bitcoiners are assholes. Very classy from the leader of the friendliest and most loved up group on the internet. http://www.techly.com.au/2014/02/17/dogecoin-founder-turned-half-million-dollars-f/ Dogecoin founder Jackson Palmer has thrown down the gauntlet to the cryptocurrency community declaring that neither he nor his digital currency are for sale, despite huge offers of investment from Australian venture capitalists.
At an Australian meet-up on Thursday night organised via Reddit, where Dogecoin’s community was started, the Sydney-based founder told Techly he is also calling for government regulation of cryptocurrencies – a move that’s unlikely to make him any friends in the Bitcoin community.
Palmer characterised Bitcoin types as “an elitist little group you have to ask for an invite to, whereas Dogecoin is more a grassroots community thing.”
“You can go to a Bitcoin meet up and meet people who are like ‘I have 100 BitCoins, I’m a multimillionaire’,” he said.
“Dogecoin is the community’s currency, open to everyone, and that’s how I want to keep it.” The big end of town wants in – but Palmer isn’t interested
It’s clear Palmer is totally disinterested in any short-term gain Dogecoin could afford him. A purist, he believes Dogecoin is “the internet’s currency” and end users will decide its success or failure.
In fact on Thursday, Palmer told Techly he turned down half a million dollars from two venture capitalist (VC) firms.
“I’ve been approached by VCs lately who want to cash in on this Dogecoin thing and they’re offering me what in reality is ridiculous amounts of money.
“And I’m sitting there quietly with them saying ‘I want to throw X amount of dollars at this’ and I’m like, ‘take a step back, it’s a dog on a coin’. Has the world gone mad?”
Techly can confirm Palmer met with one Australian VC firm, which shall remain nameless. A spokesperson did not discuss how much money the firm offered Palmer for Dogecoin but confirmed to Techly a meeting did indeed take place.
“The firm’s inquiries into Dogecoin are in the preliminary stage,” the spokesperson said.
Palmer claims a second meeting was held with a US firm, which has failed to return Techly’s emails for confirmation.
And if that throw down wasn’t already enough, Palmer has laid down the gauntlet to the Bitcoin community – which is fiercely anti-regulation – advocating for the Australian government (and others) to regulate and legitimise cryptocurrencies.
“I do ultimately think we need to regulate around this stuff otherwise you will not gain the trust of the average Joe who wants to put $100 into whatever digital currency they’re using.
“That said, we shouldn’t be putting all our faith in centralised institutions because that gets us to where we have landed today.
“The Canadian Government has already decided to regulate against cryptocurrencies and I think that’s absolutely awesome. The fact that a government is even talking about cryptocurrency in the first place is like, booyah. That’s a massive boon for the whole thing.”
Mr Palmer’s hope is that governments will learn about virtual currencies like Dogecoin, understand how they work and eventually see it’s a currency that is facilitating good.
|
|
|
|