In addition to the news that CoinLab is gonna manage USA/CA funds from Mtgox, they are announcing a professional, safe and licensed trading platform for US Corporations.
Trading platform = shorting.
3 or 4 medium sized corporations with 3 or 4 multimillion shorts puts the prices in $10 or below in no time.
First of all shorting can only reduce the price on that platform. Unlike stock markets, actual bitcoins can not be created out of thin air. If you buy cheap shorted bitcoins and can not withdraw them, it is a 'bucket shop'. Second of all, with shorting you get short squeezes. And unlike the stock market, a bitcoin short squeeze can kill (expose the reality) of a trading platform. While it is POSSIBLE with paper stocks to withdraw the certificates and have them sent to yourself, NOBODY does this. With bitcoin many people actually do withdraw from the trading platform and can expose the lack of real bitcoins behind the scenes. BRING IT ON! |
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Someone just wanted to say "post-crypto" like "post-pc era" and then figured out how to make a speach around it. The media then picked it up because it looks interesting.
Nothing about what is really happening in the world makes me think we are going "post-crypto" world, to the contrary I think the use of cryptography will continue to expand.
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Looks like I am buying this one!
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Someone would like to buy 3 Radeon 6990s from me in the next hour, for $350 each, for mining. Currently, I have three of these in a dedicated machinge mining at 774 mh/s each (2322 mh/s total), with the voltage on them dropped to 1040. I have another 2 6990s in my personal use PC, which I sometimes run for mining when I'm not araound. If i sell these 3, I'm going to buy 2 7970s, and hopefully OC them, and also drop in one of my 6990s from my personal use PC. The question is, am I going to lose in the long run by going this route? With the BTC value at what it currently is, I don't want to lose anything. I pay $0.11 per Kw/h (although it often isn't me who has to pay for it.
I'm having serious second doubts over the sale (which isn't promised yet), and my mind hasn't been able to weigh all the factors appropriately to determine what the best course of action is here. Right now, I'm leaning towards keeping the 6990s. But then I also feel like there's a big chance that that might turn against me in a bit.
Please, all help is appreciated, my mind is spinning over thinking about this. What do you guys think and what would you consider the best course of action to be?
Thanks very much,
- D
Difficulty is rising bigtime in two days or so. Sell them and buy BTC as soon as you can unless they are paying you with BTC which woud even be better. |
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At $31+ a BTC, are these still worth 2 BTC each?
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We haven't passed the CPI-adjusted all time high
how much would that be exactly? Approximately 33.48 USD. Still a while to go. Yea, about 50 cents or less then 2%. |
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Considering buying a few of these and stamping them on the front doors of the banks around my city. Need something with www.weusecoins.com on it as well though.  Don't have that on em. Just getting the word out there will help, people will google it and find out enough. |
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This is not the first bitcoin ATM but it is almost certainly better then the earlier ones.
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Seriously go to beesbros.com. Most delicious honey around and fast shippping. Also Bitzino if you know how to properly play blackjack. I would agree with that. I enjoyed mine as well. |
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The best deal was Home Depot cards. The most appreciation would be my first order of 10 series one Casascius Bitcoin's as they are worth more then I paid for them by a good margin.
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It is a pretty big disadvantage not to have the public key on the coin. It makes it kind of worthless as a physical coin to trade. On top of that, don't you have the private keys to the coins?
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(repost from newbie forum)
Life always leads to death. Birth leads to life. Conception leads to birth. Parents are responsible for conception. Ergo parents are murderers of their biological children.
Pure logic.
Prove me wrong
Besides all of the logical fallacy stuff... Death does not equal murder. Everyone is going to die, that does not mean everyone is going to be murdered. |
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More than half of bitcoins have been mined, so if I were the business, simple, only accept old coin, same amount in both chain, using the highest exchange rate of the two, the guy having old coin is not paying me twice, since ultimately only fork become longer than the other and miners would jump to and hash for it so it gains more hashing power and dominate again later.
How do you identify which coin is old and which coin is new? BTW, there will be two chain, the length will be the same The 'length' of the entire block chain refers to the chain with the most combined difficulty, not the one with the most blocks. Isn't amazing what Satoshi thought of in advance? |
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So for example you sell someone some bitcoins for Paypal. After 3 days you get a chargeback, as long as you stick an empty envelope with a tracking number in the mail to their physically address within 7 days of the purchase you can still use the tracking number to dispute the chargeback.
If you have a US Paypal account and they also had a US address you should win. I used to do it all the time when I was selling counter-strike CD Keys, used to win every time.
That is really bad advice and stupid to admit publicly. You are committing mail fraud and in most of the bitcoin cases the scammer is not the real owner of the ebay account. So the other scammed party (the ebay account holder) will get an empty envelope and potentially report YOU for it. Doing it once or twice you may get away with it, but if you 'do it all the time' and several people report to the postmaster that you sent them empty envelopes you are going to feel some pain. If you sell bitcoins on ebay you are going to get hurt. Maybe not all the time but enough to make it not profitable. |
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