This may be a market/exchange fragmentation issue, but I was not looking at Havelock. It appears that they are issuing shares of a proprietary fund that is made up of shares of SD, but they are not a place trading in actual shares on a 1-1 basis, so the prices they reflect are for shares of their SD-based fund (presumably with a premium on top). I was using https://bitfunder.com/asset/G.SDICE for my data, which has fairly different values (looking at the 3- and 6-month charts) Maybe you should look at the actual asset (the one on MPEx) instead of looking at the pass-throughs, which have much lower volumes. |
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This is a bond I'm offering, not a stock. I think what I'm offering is extremely generous looking at what's available at the moment.
In other words: "I can do whatever the hell I want because ... Bitcoin!" |
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Amazing!
Looks like this narcissist Mircea Popescu's one stock wunder-bazaar is starting to collapse and all he can do now, is invent some bull shit "company" to steal more bitcoins from you all. LOL!
Why the personal hatred towards MP? The MPOE stock seems to be doing just fine, I don't know where you get the idea that his "bazaar" is starting to collapse? |
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make no mistake... this is a revolution
Consider our current monetary system: The central banks of this world are executing a "race to the bottom" between their FIAT-Currencies in order to keep GDP up (among other things), causing severe distortions in the otherwise functioning economy. Misallocations of capital continually produce bubbles and false price signals. Saving (setting aside money for later) is made impossible, hence money is not withheld from immediate spending (not because of the immediate need for products/services, but because of artificial inlfation). Manipulatd interest rates send false signals to the economy to do the wrong thing. The economy is sick... sick with a bad kind of money.
I don't want there to be a fucking 3rd world war... and I don't think most of you do, either.
I think there's a way to avoid it: if we transition to using types of money that are not controlled by the power-elite quickly enough, they simply wont be able to finance a war.
I don't want to be a serf,.. a slave, told by some institutionalized asshole how to act and think. I don't think you do, either. I don't want to be controlled by mass-channeled propaganda. And I don't think you do, either. I don't want to be constantly monitored in all my moves and analyzed in all my emotional state and thoughts. I don't want to be controlled, I want to be free. And I think you want to be free, too.
So what to do?
Nice opening post. War is a way of wasting economic capabilities by building expensive items and the blowing them up on purpose. |
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I think in terms of technology Bitcoin is revolutionary but I don't see how it could revolutionize our current economic system.
The key problem is that it does not address the distribution and accumulation of wealth. In fact the current mining system promotes this. People mine, collect coins, re-invest. Those with more coins can invest more and make more and over time the distribution of coins is unequal with a small percentage of people holding a majority of the coins.
If you do not see how bitcoin addresses the distribution of wealth, then you need to look more closely. In the current environment dollars are printed and then given out to the wealthy, elite, powerful who then lend then out to everybody else with interest. Bitcoin has an initial distribution to the people who know and care about it, but as time goes on the overall distribution will be that the people who are best at providing goods and services will get the most money. Thus bitcoin will destroy the current system which favors the elite few by allowing true capitalism to progress. |
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I would rather have the 8333 bitcoins than the 1000000 dollars.
But if you were going to give them to me, I would take the dollars and use them to buy bitcoins, saving some dollars for my personal spending until bitcoins become more widely accepted. This would push up the price of bitcoins, meaning the first bitcoins I bought would go up in price as I continue buying.
If you take the bitcoins the reverse is true, as you sell them to get more widely accepted dollars you push down the price and the rest of your bitcoins are thus worth less.
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So we seem to have had a month of relatively stable price in BTC, obviously BTC value is growing slowly and in line with the long term trend and perhaps there is a compound and exponential ahead of us but what changed from the previous six weeks instability? Obviously, a few dash for cash investors got burned but that's not repeated in the way that it could have done.
Are there now fewer miners, more deliberate with setting a price they know will sell or some great attractor to stability? Do miners or buyers have more control over the market now or does no-one really know wtf is going on? I noticed a lot of fractional buying a selling on MtGox when they were talking of DDos; would those fractions be just miners selling and there is less of that now the difficulty has risen?
Starting in January/February the bitcoin market went through a correction. Now the market has reached a point where it is comfortable. The price will stay about where it is now until something happens to change the equilibrium of the market. Miners get 3600 bitcoins per day. Adding the top 10 markets from bitcoincharts.com gives a 24 h volume of about 50300 btc, or about 14 times the number of bitcoins mined. So clearly the traders have a much bigger control than the miners. (and I didn't even count the amount over OTC, which I have seen around the forum claimed is larger than MtGox.) |
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An easy example:
- When price double sell 25%. ( you will never run out of bitcoins, you will ever have enough profit in fiat )
And when price halves, buy 25% (or whatever the correct percentage is to rebalance your portfolio). I buy dollars (currently just 8.3 mB each) when I need to use my money somewhere that only takes dollars (which is most places right now, unfortunately). |
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If you have a great idea consider I've just insulted you terribly. It'll be easier for both of us.
What about those of us without a great idea? I feel left out because you have not insulted me nor my mediocre idea  |
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Why would anybody take your offer for XRP when they can sell for a much better rate with much lower risks by using the built-in trading features of the ripple client?
Because I provide almost instant service So, you are saying you are almost as good as selling instantly through the client? probably faster than putting up order, watching price go down, putting back order, waiting for sale, waiting on bitstamp to receive, waiting on bitstamp to send +1 Bitstamp takes hours to receive When I withdraw through bitstamp it seems to go pretty quick. Go into the client, see what the top bid is, sell for that amount. Bam, no waiting, no wondering if your trading partner is scamming you. Withdraw to bitstamp and within minutes you have btc you can send to somebody. |
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I was surprised to see that the value didn't drop very much if at all when the whole Mt. Gox/Dwolla thing happened. I thought for sure it would cause at least a little panic.
Why would that cause panic? There are plenty of other ways to get money into or out of bitcoin. |
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I agree with OP. I'm new to this forum so I haven't seen it before the signature ads, but I have never before seen a forum where signatures were allowed to have large fonts, freaky colors, background colors, and hyperlinks to obvious scams/pyramid schemes. What's next? 1999 style blinking GIF's and pop-up messages that take over control of your browser window?
We had people using blinking GIF's, they were obnoxious and are now all images are banned from signatures. |
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Why would anybody take your offer for XRP when they can sell for a much better rate with much lower risks by using the built-in trading features of the ripple client?
Because I provide almost instant service So, you are saying you are almost as good as selling instantly through the client? |
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I can see why there would be speculation, but has anyone verified that MtGox volume is substantially lower than before the news about Dwolla?
You can look at bitcoincharts.com, it looks like the percentage of trades happening on MtGox has dropped since the news came out. They are loosing market share to places like BitStamp and CampBX. |
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1) Bitcoins are stored in wallet files 2) Just copy the wallet file to get more coins! 3) ?? 4) PROFIT!      ^^ OMG How has no one ever thought of that. I will make a shell script for this and become a bitcoin trillionaire. /sarcasm Looks like the best anyone can do is be bitcoin millionare since the cap is at 24 21 Million.Looks like "Who wants to be a Millionaire" is going to need to change their name. Maybe in the future it will be. Who wants a Bitcoin!!!!! Lawl FTFY |
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Why would anybody take your offer for XRP when they can sell for a much better rate with much lower risks by using the built-in trading features of the ripple client?
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Well I know nothing about bitstamp, I will look into them a bit though and see what's up... I am a little confused though by this bit... "there is no reason to say those bitcoin are not real"...
Sounds like there is a question there as to whether they are real or not... That is a little concerning. lol... Or is it the same as when you have them on any other exchange? As in you are not really trading "real" bitcoin but rather just numbers and then they release "real" bitcoins when you withdraw?
The BTC on Ripple are just as real as the BTC on MtGox or any other exchange. You are trading your entries in a ledger for some other entries in a ledger, when you request a withdrawal then you get real bitcoins sent to your wallet, just like you don't get real dollars until you request a withdrawal. |
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Neat. I will keep an eye on this.
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It should stay right here. The lack of distributed exchanges is one of Bitcoin's biggest problems right now. Ripple provides Bitcoin with an excellent solution for that (and so does Open Transactions) and that deserves a lot of attention. Those who are worried about XRP should not be allowed to censor the discussion.
Again this is more misinformation. Ripple does not provide any decentralized exchange. The fiat half of any exchange must sit in a physical bank account somewhere. Whether this is gateways in ripple or exchanges in Bitcoin, in both cases the same vulnerabilities exist. The way Ripple allows a more decentralized exchange is by allowing trading using multiple inlet streams. To trade on MtGox there must be fiat sitting in MtGox's account. But to trade on Ripple, the fiat can be sitting in any of the gateways' bank accounts. Currently there are only a couple gateways, but already that is more than the single account which is MtGox. As Ripple grows, more gateways will be added, increasing the decentralization. As for the title of the thread, "Ripple or Bitcoin", why not both? To me it seems they can work together, Bitcoin for value storage and trustless transactions, Ripple for credit and fast/small transactions. The bitcoin protocol is limited to a certain number of transactions every ten minutes and coins take an hour to confirm, I see Ripple as a way of allowing the bitcoin ecosystem to swallow a much higher frequency of transactions. |
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1) Bitcoins are stored in wallet files 2) Just copy the wallet file to get more coins! 3) ?? 4) PROFIT! Here is how to get unlimited Dollars: 1) Place dollar bills into a safety deposit box at a bank 2) Just copy the deposit box key to get more dollars! 3) ?? 4) PROFIT! Exactly the same thing, how do banks stay in business? |
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