I think many of these threads can be recycled very nicely.
I think most of this forum can be automated. Yeah, set up a bot to watch MtGox, if the price moves > 5% up or down it makes an "OMG, the price just (Jumped/Crashed)" thread, if it goes 5 days without moving >5% then the bot makes a "Wow, it's really steady" thread. |
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DeaDTerra, what is going to happen to this now that GLBSE has shut down?
It depends on how the transition goes. If we have a good replacement of GLBSE, then we can move their. Otherwise I could setup some kind of manual payout system, or I could offer to sell the shares on MPEX and payout the amount I got from selling them. I plan to honor my contract, but exactly how is to early to answer. //DeaDTerra I was just poking around, considering trying to get someone to offer a passthru on BTC-TC when I stumbled into your GLBSE issue here. I'd love to see this on BTC-TC ( http://btct.co/) ... Let me know if you're interested or not. If not I'll see if I can push someone else into doing it.  I am thinking of either shutting the pass through down or doing it manually, Tbh after all this Bullshit I am quite tired of exchanges and middle men. //DeaDTerra So you would be basically acting as a broker for people to buy shares on MPEX? How do things work to claim the shares once you get the list from GLBSE? |
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The question of the day, again!
You are bumping up way too many old threads. OK, I will stop now. |
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History likes to repeat itself?
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The question of the day, again!
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Remember when $8 seemed outrageous?
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I think many of these threads can be recycled very nicely.
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And not so surprisingly, there is an almost identical thread started today! Why do people keep starting the exact same thread over and over again?
"Hey, the price moved, what could it be?"
"Nobody knows."
The only exception was one time somebody posted "Why did the price just plummet?" and everybody was like "Didn't you hear, Pirate just shut down his ponzi scheme."
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Nothing to see here. It is just a big miner making their monthly cash out to pay the electric bill.
Also, the price jumped up rather sharply the past week, a downward correction is almost inevitable.
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You need to be very confident about your computer knowledge before you do all this alone by yourself
When the sum of money becomes larger than salary, it need to be managed against potential loss, people start to rely on institutional services. Even if you stashed 10000 BTC in your offline wallet, you will feel unsecure
No I would not. You WILL if one BTC exchange value is $1000, by that price, a team will brake into your house with a gun pointing to you to get that string  If they succeed, no trace to chase them, it is almost a risk free robbery. Actually this could be a problem preventing BTC from going main stream And to the computer part, either a web based online account or a managed pension fund, normal people can not go higher than this degree of complexity How will this band of robbers know who owns the bitcoins? will they just randomly pick houses, break in , and demand money? What is to stop these people from doing this now, but instead of a bitcoin password demanding cash, jewelry, everything else? I think it would be harder to guess who has bitcoins lying around on their home computer, so to me it seems safer to stash money away as bitcoins than to keep other kinds of wealth. unless you never touch exchanges What does using exchanges have to do with anything? |
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Or you could use the Usagi method of accounting: back when they were first sold the shares were worth 0.0034 * 10 USD, now they are 0.0034 * 12 USD, so our investment has gone up 20% !!!
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What we have here is people buying up bitcoins to give them out as christmas presents. Expect the price of bitcoins to steadily climb up until dec 26, when the price will drop back down to where it is now.
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You can disagree, of course, but in both your examples (land ownership and bank account) there is a third party keeping independent records about who is the rightful owner. There is no third party in bitcoin, If you have the private key you have the bitcoin. This is why in bitcoin the private key IS the right!
You're absolutely correct, of course. That's why no one has ever been convicted of stealing cash. *sigh* Haven't they? Oh wait, are you being sarcastic? |
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It might be illegal but theres nothing you can do if someone takes your coins. If the only excuse to have a state is to enforce property law what point is the state if that is impossible ?
Illegality is a moot point without enforceability and if people know they can get away with something it will brinng out the worst in humanity.
Could you expand on the idea that "theres nothing you can do if someone takes your coins"? What if somebody takes your cash, wouldn't you expect the state to make them give it back? Or if somebody takes off with your car? How is bitcoin any different? |
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buy and hold, don't try to day trade. GIANT SWINGS ahead
But the giant swings are where the day traders make money. All this stability is horrible for day traders. |
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We should encourage our representatives to write laws No. Could we ask them to clarify existing laws then? Isn't that what they are there for? No. They are there to prey on you. The whole "representatives are there to write just laws and defend the people" is just an *excuse* to prey on unsuspecting people who believe what these sociopaths say. Maybe we could ask them to remove the laws we don't like then? |
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We should encourage our representatives to write laws No. Could we ask them to clarify existing laws then? Isn't that what they are there for? |
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How reliant on exchanges are you with your bitcoins?
Where do you keep your bitcoins? (On exchanges, other webwallets, on your computer, paper wallet)
How much do you trust your exchange or webwallet to keep your bitcoins safe?
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I'm guilty of posting in it, but this whole thread is asinine. Dozens of hypothesis of why stealing bitcoins wouldn't be illegal based on technicalities of what a bitcoin is by armchair legal scholars.
I think in instances like this, people just need to take a step back and think about the purpose of laws, and what the reasonable thing to do would be. Is it reasonable to allow someone to get away with stealing other people's Bitcoins? No. Therefore, a law will be enacted against such theft, if one does not already exist that can be reasonably applied. Whether a law currently exists or not is largely irrelevant - a law (or at the very least, a new precedent by judgement) will be created if necessary to ensure people's bitcoins are not stolen. Laws do not just appear out of thin air by themselves. They require people to write them. We should encourage our representatives to write laws that make it clear that stealing bitcoins is illegal, and have them do it sooner rather than later. |
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