Bitcoin Forum
May 28, 2016, 10:05:11 PM *
News: Latest stable version of Bitcoin Core: 0.12.1 [Torrent]
 
  Home Help Search Donate Login Register  
  Show Posts
Pages: « 1 ... 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 [73] 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 ... 301 »
1441  Economy / Economics / Re: Bitcoin is Becoming a Global Currency on: March 09, 2015, 08:14:50 PM
USD will be the biggest loser if Bitcoin gains adoption globally.

Many people hold a small stash of USD along with their local currency since it is useful for travel and widely recognizable, just in case it might be needed.
1442  Economy / Economics / Re: Bitcoin is Becoming a Global Currency on: March 09, 2015, 06:22:52 AM
Quote
Is there any evidence of penetration beyond the black market?

The global black market capital flow has been estimated around $20 trillion and growing at faster rate with the widespread trend towards financial facism (cash limits, bank account monitoring, capital controls, financial data mining, etc).
1443  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: March 09, 2015, 06:17:48 AM
There seems to be consensus among some people that Gavin's scaling proposition would make the bitcoin network a lot less secure.

https://twitter.com/petertoddbtc/status/574582759508873216


Same with Mircea Popescu (who declared war to Gavin if his solution happens) and some other folks.

So the author doesn't think Bitcoin can solve the mining / tx fee issue without the price jumping, tx's increasing or hashing power rocketing. Fair enough, it's an ongoing debate in a live, global, experiment.

I dont know why critiques are always being so binary; it cant take over all retail, cant do this right now, will never adapt to that.... I don't think it ever was intended to take out all retail. I think it will exist as an option for those so inclined, much because that is what it is in all areas - an alternative. Birthed from the ashes of a financial meltdown and the biggest economic experiment in history (QE), it's whether people see the merit in it or not (and their ability to see it or not is a whole other discussion).

It is also a point that now it can take a share of retail, a share of microtransactions, while these functions might have to be delegated to service companies in the future. It does not matter, it is important that these functions can expand bitcoin in the moment. The expansion can not be balanced, it will go into the areas where bitcoin can make a difference in the moment, then later, it will go into other areas.


Sidechains  and payment channels can take a lot of the heavy lifting off the bitcoin network and let it do what it is good at, monetary settlement using distributed consensus with a timestamp server.

There is no need to rush out a half-baked scaling solution experiment that risks decentralisation, i.e. the distributed census security at bitcoin's core. Raising max_block_size to 2, 4 or 8 MByte should be ample, and not risk security, until the off-chain solutions are in the wild.
1444  Bitcoin / Press / Re: [2015-03-04] PCWorld - One year later, no closer to finding MtGox's bitcoins on: March 05, 2015, 04:43:00 AM
so what exactly did they "lose" here?

The public addresses? The private keys? Or the coins were moved to addresses out of their control?
1445  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 05, 2015, 04:23:58 AM
Seriously guys, you think that $5k by end of 2016 Is possible?

bank it.

Odd-numbered years bitcoin adoption makes up for what it lost on the even-numbers ... it's like a hurricane re-structuring on the new true eye to re-establish exponential growth rates. It won't stop growing until the fuel/energy feeding it is exhausted, do you see that happening any time soon?

... this thing is gonna clear the decks in a whirlwind of creative destruction the likes the world has never seen, conditions are primed, the atmosphere is febrile.
1446  Bitcoin / Bitcoin Discussion / Re: How many people should get rich and how much is rich? on: March 05, 2015, 01:48:49 AM
Is there no carrying capacity of bitcoin? Unlike that of a petri dish.

Anyways, how many people should be able to get rich off bitcoin. Is there a limit of how many and or when bitcoiner's can get rich.

There is something about bitcoin that seems it could be a major economic driver with its frictionless abilities.

Does it matter if bitcoin's price is $1 $50 $100 $250 $300 $350, $1265, $2000, $5000?

How is that bankers have not been able to think of this… Perhaps they have but would dare go near it for it destroys their model, Why can't i simply send dollars or any arbitrary value measure, via any sort of technology medium that can also perhaps create a network, like effect..hmmm..

The first part of your musings are interesting. The carrying capacity of bitcoin is global M1, plus bonds, gold, silver, real estate, property and various other financialised assets that have been partially, sometimes excessively so, monetised by successive central bank pumped fiat monetary bubbles.

Frictionless, fungible, divisible, imperishable, verifiable, transportable bitcoin can be a major economic driver compared with current monetary offerings. It will continue to serve and benefit those who use it until something better comes along. The market naturally chooses the 'best' money and those who are using it ultimately benefit from that, be it swiss francs, US dollars, gold or british sterling. Noone wants to hold their savings in a devaluing money.
1447  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2015, 09:19:22 PM
the bull seems pissed off.  Lips sealed

noone's taking him seriously yet ... time to get mean?
1448  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2015, 12:24:54 AM
We should all stop selling for just 10 minutes and see what happens for shits and giggles.

Seriously though the largest growth keeps happening in single large 15 minute candles. Is this coincidence or is it perhaps 1 person accumulating large amounts of BTC over short periods of time and then letting the market re-equilibrate to not run up prices too fast?

say you are group of private equity that wanted to take a $50 mill position in BTC, how would you do it? (assume you managed to secure ~60% of that off the market already)
1449  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2015, 12:11:14 AM
yep, nanobrain remembers the never see sub-230 call, it burns ... looking like sub-240 is history and sub-250 too probably.

If we consolidate in 250-280 with slop then breakout above 300 will be rapid and powerful to 350 and beyond, or break above 300 soonish and then slop 325-300 before more powerful big break move into 4-500 range

500 is the final breakout target before medium term consolidation.

This market is still well-oversold until 5-600 range is recovered, at that point then FOMO and MOMO could take us who-knows-where.

fwiw dyodd
1450  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2015, 08:19:16 PM
http://www.dreamyachtcharter.com/

http://www.dreamyachtcharter.com/english/yacht-ownership/used-boats/

takes bitcoin?
1451  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2015, 08:09:10 PM
page 11666 ... what could possibly go wrong? (for the shorts)
1452  Economy / Speculation / Re: rpietila Wall Observer - the Quality TA Thread ;) on: March 03, 2015, 07:52:18 AM
If that support doesn't hold, then I think it is all over for bitcoin.

I think that will be the new beginning. And great things will happen in 2016 for Bitcoin and altcoins.

great things eh guru?

what about 2017?
1453  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2015, 01:33:28 AM
FINMA, NYSE, WSJ on board ... the regulators are these guys poodles, the 'announcement' for bitcoin NY regs is just fuel for their bubble.

People who I forgot i told about the coin ringing, texting. emailing wanting to know how to get in ... can't really be bothered with them now honestly.

1454  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 02, 2015, 08:01:34 PM

sub-230 never to be seen again ... move stops up to 250.
1455  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 01, 2015, 11:02:05 PM
What the hell's happening. Does anyone know why we are seeing a rise all of a sudden right now ?
Can't believe this Cheesy

Barry's ETF got approved.

It's not an ETF. It' s an OTC (over the counter), a penny stock. Institutional money is not allowed to trade this.

It's a fund, and will be traded on the pink sheets exchanges. Obviously not as big as news of COIN going live on the nasdaq. And no one was suggesting pension funds would be jumping in.


however, another milestone along the historic trajectory of bitcoin ... now we have "publicly traded" bitcoin, in the traditional sense, with all the trappings and risks that brings (like rubber stamped and ironically down to the detail that you don't actually possess the underlying asset!)

This one event signifies a new chapter beginning.
1456  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 01, 2015, 08:46:17 PM


gbianchi : interesting work. Have you tried the same analysis with total bitcoin market value (also called market cap) instead of price, i.e. would be just price times number of coins issued?
1457  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: March 01, 2015, 07:58:29 AM
http://lightning.network/lightning-network-paper-DRAFT-0.5.pdf

off-chain transaction routing protocol claim.
1458  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 28, 2015, 10:48:29 AM
You don't happen to work for the state department do you NotLambChop?

http://nymag.com/daily/intelligencer/2015/02/state-dept-official-allegedly-solicits-minor.html

Is lambie ill? I have not seen him often today Undecided

Hello! The price jumped 10% yesterday. It wouldn't surprise me he's seriously sick because of it.  Grin
He knows he's flogging a dead horse.

... flogging a dead pink and mauve fluffy pony with rainbows radiating out its behind?
1459  Bitcoin / Press / Re: [2015-02-27] WSJ: J.P. Morgan Goes Hunting for Disruptors and Bitcoin Experts on: February 28, 2015, 07:00:07 AM
yeah ok, I'm ambivalent about work for the death star JP morgue … might be a good way to get inside and sow misinformation about bit coin though. Nothing worse than they have been doing screwing with markets, money supply, justice system, politics, food, energy, etc, etc … all for their own benefit.

Last I heard they were totally pwned early last year, would be surprised if they last until the next decade … big, fat, ripe, nasty targets have a habit of imploding in spectacular fashion.
1460  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: February 28, 2015, 12:34:05 AM
Everybody is saying Bitcoin is the like TCP/IP layer protocol for internet money, what if the blockchain tech. is more analogous to the firmware level (assembly, microcode, etc) and we haven't even imagined the eventual value transport routing protocol layer developments yet??

bitcoin - the transistor of money?


yup, attribution please, you heard it here first. Wink

Hmm.  So what is the IC?  

yeah, the analogy falls apart quite quickly and all will as it has no direct precedence. Since block chain programming is more of an abstract concept, albeit with a very real working implementation, it is more like the first demonstration of an instruction set (actually who came up with the first concept of an instruction set?) … an instruction set architecture with execution on a massively distributed virtual machine (the bitcoin network) for programmable immutable objects of value.

Edit: In fact, a good analogy would be the ENIAC of money, world's first computer of money.

This is the realization that ethereum grasped when conceiving their copy, yet to be executed.

hope it isn't analogous to the first floating point operation,  - the flop of money?
Pages: « 1 ... 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 [73] 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 ... 301 »
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!