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While iPhone destruction over Apple's censorship makes for good PR, a very effective way cheaper technique is the widespread promotion of jaibreaking.
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Bitcoin is open source software available to anyone. No one needs an exclusive Apple device to use the Bitcoin software.
The day Apple creates something similar to Bitcoin you will have something to argue about. Otherwise, your analogy is meaningless.
The analogy is perfect. Nobody needs a train to use coal either. You just need the train to get the coal to where it's convenient for you to use it, just like you need Apple to get the app to your mobile device. Railroads don't have competing products in the coal market either. Read the case I linked. It is sufficient that monopolistic power in one market is used to restrain trade in another market in a way that has a significant effect on interstate commerce. It doesn't matter whether the alleged monopolist has a product in that other market. There are many other reasons a company might have to want to pick winners and losers, even in markets they don't compete in, and the motive for the use of tying to restrain trade is irrelevant. (That's what the quote I pasted means by the words "per se unreasonable" -- doesn't matter why you do it, or whether you will or won't gain from it, it's not a reasonable thing to do. You don't have to prove any particular motive.) That doesn't mean such a case would succeed. Such cases are very, very hard to win, especially when there are competitors (Android, Windows Phone) and when there's no barrier to entry. See United States v. Syufy Enterprises. This is why it is imperative that actions against Apple be started in multiple jurisdictions, so for example if an Anti Trust case were to fail in the United States a Competition Case could for example succeed in the EU etc. In the Microsoft case after not much success in the US there was a good success in the EU. |
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This has nothing to do with anti-competitive practices. Apple is not producing a software like Bitcoin and competing with other software producers for a share of the market. Nope. "A tying arrangement, whereby a party agrees to sell one product only on condition that the buyer also purchases a different (or tied) product, or at least agrees that he will not purchase that product from any other supplier, is per se unreasonable, and unlawful under the Sherman Act whenever the seller has sufficient economic power with respect to the tying product to restrain appreciably free competition in the market for the tied product, and a "not insubstantial" amount of interstate commerce is affected." - Northern Pacific Railroad Company v. United States, 356 US 1, 1958. This case was about frieght routing by railroads, which is actually quite analogous to an app market. Businesses need railroads to get their products to market just as app developers need Apple to get their products to markets. While the case above is very appropriate, there is an additional twist here. App developers do not actually need apple to get their apps to market. This "need" actually arises from the deliberate actions of Apple to restrain trade by the use of DRM to prevent an app from a competitive store from being installed on IOS devices. By the way this is not a Bitcoin only issue the restraint of trade on the part of Apple applies to software, ebooks, music etc. |
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Yes Anti Trust Suites / Competition Bureau Complaints is definitively the way to here, and they do work. A very good example is the Microsoft competition case in the European Union. https://en.wikipedia.org/wiki/European_Union_Microsoft_competition_case. This resulted in multiple fines against Microsoft including fines of €860 million and €497 million. More importantly it forced Microsoft to license its interoperability information in a manner compatible with FLOSS licenses including GPL v3 used by the SAMBA project. A good strategy would be for Bitcoin businesses around the world to launch anti trust suites / competition bureau complaints against Apple in their respective jurisdictions. The more jurisdictions worldwide the better. So for example an Anti Trust Suite in the United States, a Competition Case in the EU, a Completion Complaint in Canada, similar actions in Brazil, Australia, Sweden, etc etc. We must also keep in mind that Apple's IOS business model has been used to repress virtually every form of human endorse ranging from artistic expression to religion. In fact pick any area where there is even the slightest amount of controversy and there is a very good chance that Apple has repressed both sides. Edit: This needs to be done in addition to boycotts, jail-breaking and yes even Americans using iPhones for target practice with high powered firearms. |
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This is a great project; however I must caution that it is vital that the tablets are not infected with DRM as is the case with the iPad or Windows 8.x RT tablets. This is critical because otherwise the project can end up spending all these resources helping people and organizations in Kenya to use Bitcoin only to have a western based multinational pull the rug from under it all. The best example of this is the recent decision by Apple to use the DRM in IOS devices in order to censor Bitcoin by removing the blockchain.info application from the app store.
If a tablet requires that all of its software be only obtained from an "approved" and censored app store as is the case with the IOS and Windows 8.x tablets then there is a very high risk the entire effort could end up being wasted.
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If I understand correctly it is also illegal to conduct trade in Russia between a Russian individual and / or legal entity and another Russian individual and / or legal entity in USD, EUR etc., so in effect this places Bitcoin in a similar position to that of USD, EUR etc.
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DISCLOSURE
The author is personally affected by MtGox’ behavior, having a six-figure dollar amount in such non-executed withdrawals. He considered Gox to be a safer repository for bitcoin than his own probably-hackable computer. That judgment may not have been accurate. Let me guess he is running Microsoft Windows on his computer. When will people learn that installing GNU/Linux on one's computer and using such computer to store one's bitcoin is a far safer option than storing bitcoin on an exchange. |
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I have considered on more than one occasion to sell short Apple's stock; however I have found going long BTC to be a much better trading strategy. In a few years Apple may rue the day they censored Bitcoin, just wait. Who knows they may be a some very wealthy Bitcoin early adopters who might find selling Apple's stock short to be a profitable trading strategy.  |
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Pfff. This used to be a thread about meaningful TA.
No. This was always a thread about one man's ego. The title shows that. I am willing to give the OP credit because he did come up with some very good TA ideas; however his "assumed" data for 2009 and early 2010, "the bathwater" is really testing my patience. I mean what is the justification for this BTC / USD rate of 0.005 for January 2009? I mean this is just like a couple of weeks after Satoshi mined the genesis block! So maybe it is time to throw out the baby with the bathwater. |
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Pfff. This used to be a thread about meaningful TA.
+1 |
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But I guess Android does have the advantage that even if they decided to remove Bitcoin apps from the Google Play store - then there are atill many alternative software sources for Android. With apple, you can only get apps from Apple - unless you "jailbreak" the device. I just want a perfect world where the entire phone comes completely open-source  Yes that would be cool. Did you hear about or see that leaked report that was saying that Obama is actually trying to outlaw jailbreaking your phone? The man cannot do anything right... At least he was able to get the BCS in college football to go to a playoff structure. That is about his only notable accomplishment. He already has. Jailbreaking is actually illegal in the United States. Edit: Jailbreaking iPads is illegal but iPhones is legal under an exemption good only until 2015 [ DO NOT POST SESC LINKS ] DO NOT POST SESC LINKS [/url] |
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Bitcoin is at a very basic level fundamentally incompatible with Apple's locked down DRM infected ecosystem for IOS, so this is hardly surprising. I am actually surprised it lasted this long. The solution here is very simple: Do not use Apple products.
By the way Windows 8 RT / Windows phone is actually worse.
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Why are these calculations always done with M0, or M0 + M1 only?
If we are being honest my credit card, or line of credit buys a can of coke the same as m0/m1.
Why leave credit out of the calculations?
This is a valid point. The argument for using only M0 is that there is the same degree of fractional reserve banking with BTC than say with USD. I would argue that this is not the case and that the M0 in BTC, actual BTC created, should actually be compared to M1 or M1+part of M2 in say USD. |
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Personally I would not pay 200 Satoshi at current market value for a can of Coca Cola; having said that, the OP's analysis is very much in the right ball park.
Edit: I would also not pay the equivalent of 200 Satoshi in a fiat currency, even one in hyper-inflation, for a can of Coca Cola.
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Where are those $400 coins?? I am getting really tired of waiting.
The final capitulation will come in (a) February-March, (b) later, or (c) not at all. I did not have very much hope for January ever, and I think basically we are right on track for the capitulation scenario pricewise and sentimentwise (bullishness abounds, which is good for contrarians). The bitcoin economy seems more resilient though, giving actual support for bullish dreams. China has exhausted the bad news, and USA seems happy with their latest advances regarding compliance. You might still remember (in 2011-12) how price rose from $2 to $7, backed down to $5, and we had some months of stability and no doubt some were waiting for cheap coins. They never came. One always needs to be prepared for both possibilities. Given that we are still above the trendline, and bitcoin's tendency to flashcrash, I would not start bailing in now unless you are clearly overextended with your short position. It is good to remember that if you take some of the fiat off-exchange, it will also reduce the systemic risk and add to your risk management even if you lose on the trade. Rpietla, I have seen so many trend lines. can you show which one you are referring too in your statement above? Thanks in advance rpietila is referring to this graph https://bitcointalk.org/index.php?topic=322058.0;all. It is based upon weighted averages actual trade data from June 2010 onwards and an "assumption" that the BTC/USD rate was 0.005. from January 2009 to May 2010. The results are then fitted to a exponential (log scale) using a least squares regression analysis. I questioned the assumption in this post https://bitcointalk.org/index.php?topic=322058.msg3464857#msg3464857 back in November 2, 2013, indicting that the impact of the very questionable 2009 and early 2010 data was to underestimate the trend line today. To put things into perspective if one says that the BTC /USD rate was 0.005 in January 2009, "the assumption" when in fact the correct market BTC /USD rate should have been 0.00005 or even less this is equivalent to replacing the November 2013 figure of 517 with 5.17 or less. This is because we are dealing with a log fit. I do not wish to throw out the "baby" with the "bathwater" here. If one takes out the the early 2010 and 2009 "data", "the bathwater" and recalculates the trendline what is left would actually be excellent including I must say rpietila's overall analysis. The danger here is that by not throwing out "the bathwater" the trendline will significantly underestimate the likelihood of an upside breakout in price in the near future. For reference when I questioned the assumption back in early November 2013 the BTC /USD rate was in the 200 - 210 range on Bitstamp. |
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Be patient, OP. Finally - somebody who has held his account since May 2011... and that's all you have to say? Pretty much. The price has gone up hundreds of dollars in just 3 months. If any security on the stock market went from $150 to $850 in 3 months, people would be going nuts. In Bitcoinworld, people feel its not happening fast enough. As far as being here from 2011 - I got super stoked watching the price go up to $30, and watched and read countless stories and vids about how bitcoin was going to zero in the months that followed. It spent the remainder of the year and much of 2012 languishing in single digit prices before finally cracking $10 again- and that was huge news at the time. So yeah, just be patient. Buying crypto at todays prices will make you look like a genius in a year or two - count on it. Just be patient. +1 |
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Gold was of an immense value 300 years ago, is now, and will be in 300 years from now on. Whereas Bitcoin might become obsolete and worthless in a mere decade due to technological progress.
I still own gold, it still has value, but the point is that everyone has to demand physical delivery or the banksters will keep raping us, This will prove the same with bitcoin, everyone has to take delivery in there BLOCKCHAIN wallet, not some bankster/exchange website or they can go ahead and play there fractional reserve game. This is very true; however there is a crucial difference: It is way easier, cheaper and safer to take delivery of bitcoin than an equivalent amount of gold. |
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There is just one little detail. Services such as Paga or M-Pesa or their "First World" equivalents such as Dwolla or Interac only work within one country. Bitcoin on the other hand works worldwide. Nothing new here.
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My first question is what Operating System was the OP using to log into CaVirtex?
I was using windows 8.1 First of all sorry for your loss. My take is that the Windows OS was compromised by a keylogger virus that compromised both your CaVirtex password and the browser cookie that CaVirtex uses identify the browser. Furthermore the fact that your email may also being compromised supports my suspicion. I have seen and removed Windows malware designed to steal bitcoins since 2011, and quite honestly I do not trust Microsoft's security or that of commercial anti virus / anti malware solutions. The massive amount of malware combined with the reality that when it comes to security the Windows ecosystem is primarily designed to 1) up-sell consumers and 2) protect the interests of groups such as the MPAA and the RIAA via DRM, makes it in my opinion totally unsuited to do anything related to finance, be it Bitcoin, or fiat banking. If I may makes a suggestion here it is: 1) Accept your loss of 2.4 BTC 2) Contact all financial institutions that you have accessed using your compromised computer, starting of course with CaVirtex, but also include other crypto currency exchanges, banks, credit card companies etc. This is critical to prevent further damage. 3) Ditch Microsoft Windows and switch to GNU/Linux. This is critical for two reasons: a) First GNU/Linux is less likely to get attacked is this fashion by a factor in the order of 1 million or more. b) By switching to GNU/Linux one can easily save way more than your loss over a few years by replacing expensive propriety software, needless computer upgrades, up sells, annual fees for security software with very high quality and very secure Free Libre Open Source Software that has zero cost. I switched to GNU/Linux back in 2006 and have saved over the years more than your loss in unnecessary computer upgrades and software license fees. To place things into perspective I still use a laptop over 10 years old running GNU/Linux for my bitcoins. . My main desktop system I built in 2008 and it is still going very strong. If there is one suggestion I will make here is: Do not use Microsoft Windows for anything related to Bitcoin, another crypto currency or fiat banking. Use GNU/Linux instead. |
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My first question is what Operating System was the OP using to log into CaVirtex?
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