We reached 6$. I give up trying to predict this market. It’s pure insanity.  |
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Can I make a request? Can we quit it with the random people posting only a screenshot of the MtGox chart with some arrows and BUY written on it?
That is not technical analysis, that is you projecting your desires for the future of Bitcoin.
Okay. Was just having fun. Not sure where we are headed now. If 5$ won’t hold, my bet would be on a bigger correction. |
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Your hashrate in absolutes will always stay the same, as it is determined by hardware (in fact it will probably even increase as the software becomes more efficient), it will just relatively be less as the network’s global hashrate increases, and with it the difficulty to generate.
Anyway, I want to invest in this once you provide us with credibility. It would be cool if you could set up even more machines, having free electricity is definitely a major advantage.
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Ah, I see. Thanks for your answers.
If you could resolve my trust issue somehow (link to existing identity perhaps), I would certainly consider investing, probably all 300 BTC. After all, I must have assurance that you will run it a whole year and pay out daily.
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I still don’t understand why you need the investment. What kind of machine is it, and does it cost you Bitcoins to run?  Or is it that you just need some Bitcoins quickly and offer this deal? And how can I trust you not to run away with the Bitcoins, as you’re rather new? |
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You can accept them as payment.
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That’s cool. 5$ in Bitcoins I presume?  |
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FINALLY.
Do you ship worldwide?
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I would rather have the bitcoin community include those who dislike drugs, as well as those who like drugs.
Let's not preemptively exclude people from our community.
+9001 If you really value Bitcoin, you will sacrifice your personal ideology and be pragmatic. The gain (in terms of freedom) will be much higher once we succeed … But at this stage, please do not let your beliefs blind you. |
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Thanks, pleasure doing business with you.  I wonder what future Crowdsourcing has with Bitcoin … You could theoretically outsource lots of internet services to people in third world countries who will very easily undercut westerners in price. The key is that anyone with internet access can accept Bitcoins. |
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I’m up for it. You can PM me the docs.
Aw, guess I’m too late.
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I doubt it will even touch that.
Just for the record: Six days later, the all-time high BTC/USD is 2.4$. Bitbears lost! |
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Wow. Will we get to see it?
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Can someone tell me how BTC is going to the moon when it is still relatively difficult to acquire in the first place? I imagine there are a lot of people who think Bitcoin is really cool but don't get involved much past playing around with the small amount of BTC from the Bitcoin Faucet. Given the difficulty of acquiring BTC, I think the fact that BTC made it to almost $2 is amazing in the first place.
Bitcoin is hard money and therefore it’s only natural that it is a bit difficult to acquire. In comparison with precious metals it is pretty easy to buy and secure Bitcoins, though. What would help at this stage is reputable (non-Bitcoin) exchanges adding Bitcoin to their supply in my opinion. With regard to the thread I think that 20 USD/BTC is probable this year. |
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 PSD available on request. Hilarious! |
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*Failure is defined as decline of the exchange rate of markets with highest volume (currently Mt.Gox) to below 0.01 USD. I don't think that's a good indicator of failure. I'd recommend some metric based on bitcoindays, as proposed by ByteCoin. Couldn’t that be manipulated in the case Bitcoin fails for another reason and the exchange rate drops to practically zero? He would just get a bunch of coins almost for free and reduce the bitcoindays. |
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I will join this bet with the same bid of 1000 EUR. We could also split a community bet for everyone who enters though. I think that would be much more fun.
Condition: Timothy Blee pays the equivalent in BTC. If he loses (Bitcoin fails* due to another reason OR does not fail in given time span), he will pay the BTC equivalent of 1000 EUR at that time. If his attack is successful within the time limit, I will pay.
*Failure is defined as decline of the exchange rate of markets with highest volume (currently Mt.Gox) to below 0.01 USD.
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Whether it’s 0.1$, 1$, 10$ or 100$ is arbitrary and purely determined by supply and demand. The supply side is fixed and the inflation rate known. If it was 2.1 million BTC max instead of 21 million, the exchange rate would be 10$ now. The exchange rate has risen now due to increased demand that surpassed supply and inflation. For historical figures, check the charts on http://bitcoincharts.com. |
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1) Spread awareness by - telling people about Bitcoin who might be interested for any reason (anonymity, lack of chargebacks, deflationary, decentralized, zero to very low transaction fees, open source, etc.) and explaining it to them without getting into technical details - asking shops/organizations if they do/would accept Bitcoin - promoting it with visual media or art - writing articles or blogging 2) Participate in the economy by - buying and selling Bitcoins - accepting Bitcoin as payment for services/goods - donate to organizations using Bitcoins - buy goods/services with Bitcoins - starting a project/venture By the way, welcome. |
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