Soo, is there a whale(s) buying constantly, or are these new adopters driving the price up?
I thought I'd wake up to $20 today.
https://bitcointalk.org/index.php?topic=142047.0 I find what is happening with Coinbase very interesting. They did over 1.000,000 USD in business in January but their funding limit is 100 USD a day. This means over 10,000 transactions. This is showing up on MtGox as a steady stream of very small buy orders. |
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Easy fix for the apple issue... don't purchase apple products. They are a proprietary, closed source, greedy, forcing their users what they should do and what to download. SO out with the apple-crap-in-toss. Use Linux or Android. Windoze is ok - but dangerous for trojans and viri.
Big brother is Apple. "Do as we say, not as we do."
Sincerely,
Your non apple conformist.
TC.
Microsoft Windows used to be ok. However since the passage of the Digital Millennium Copyright Act in the United States at the end of the last century Microsoft has been moving in slow incremental steps to a complete lockdown of Windows. Windows 8 RT is the end product completely locked down and censored, just like an iPhone or an iPad. It is the frog in boiling water scenario. Throw a frog into a pot of boiling water and it will jump out; however raise the heat gradually to a boil and you will cook the frog. So unless one plans on running Windows 3.1 stick with FLOSS such as GNU/Linux. |
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I could never understand why on earth would anyone buy an apple product and let apple choose what is allowed to run on their device!!!!
This situation is not limited to Apple. Microsoft has created the same situation with Windows 8 RT. As to why people buy Apple products I can understand why, because a very large proportion of purchasers of iPhones and IPads etc are not tech savvy at all so they do not really understand the implications of what is really going on. My experience is that when one users a "bricks and mortar" analogy such as a bookcase where only books approved by the bookcase manufacturer may be placed on the bookcase many people actually get it. |
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Better integration with Ubuntu Unity is needed. I find that the Bitcoin menu does not appear on the Unity top menu bar.
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The one you send me is from 9. Aug 2012.
Not sure if you know this?
I got that too but also a separate email with the correct newsletter. According to my email, they were sent roughly 19 minutes apart. Same here. They were sent 18 minutes and 19 seconds apart. |
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I believe cavirtex will soon RUN OUT of coins ... only 13 ask orders left , what happens when their is no more asks  To wipe out the ask on Virtex the price has to rise to 6100 CAD |
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I cannot reach newswire.net at all.
Neither can I |
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Satoshi Nakamoto is not Richard Stallman and this is why: Bitcoin v0.1 released Satoshi Nakamoto Fri, 09 Jan 2009 17:05:49 -0800 Announcing the first release of Bitcoin, a new electronic cash system that uses a peer-to-peer network to prevent double-spending. It's completely decentralized with no server or central authority. See bitcoin.org for screenshots. Download link: http://downloads.sourceforge.net/bitcoin/bitcoin-0.1.0.rarWindows only for now. Open source C++ code is included. - Unpack the files into a directory - Run BITCOIN. EXE- It automatically connects to other nodes ... Bold my emphasis. from http://www.mail-archive.com/cryptography@metzdowd.com/msg10142.html |
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The blockchain app is a bitcoin wallet app.. Not sure what apps have been blocked if any, but everything needed can be gotten on the appstore. You definitely don't need to jailbreak or buy a android to use a phone wallet.
True but one is still at the mercy of Apple since they can ban the wallet at any time and without notice. This not only defeats the whole point of Bitcoin, but also creates a situation far worse than using the traditional banking system since none of the checks and balances in the traditional banking system apply to Apple's DRM infested devices. I will also add that Apple's closed walled garden business model can create a serious security threat to Bitcoin, since the security and integrity of Bitcoin is dependent on the owners of computing devices having complete control over their computing devices and not surrendering this control by the acceptance of DRM to a centralized authority. |
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3) Amazon Coins are 1-way, meaning you buy them, then you use them for stuff. You cannot resell Amazon Coins back for dollars or any other currency.
4) Amazon Coins are territory and content restricted. Only useful where Amazon permits, and only usable to buy Amazon stuff.
5) Amazon Coins offer no privacy whatsoever. They're linked to your identity via your Amazon account.
Agreed. I believe these "coins" are just "tech-scrip". Also they are a "loss leader" - they're trying to sell more consumer tablets by giving away a few bucks in credit at their store. Is it just me or are those Swindles largely useless? It took me 5 minutes to figure out how to just start a browser on one, I felt like I was using AOL! Amazon Coins is a joke however the kindle is an exceptional product for what it does. Theres nothing better for reading ebooks. The Amazon Kindle uses DRM to replicate the memory hole in George Orwell's 1984. http://www.nytimes.com/2009/07/18/technology/companies/18amazon.html?_r=0. The use of DRM for censorship by Amazon was debuted by sending George Orwell's 1984 into the "memory hole", back in 2009. This makes the Amazon Kindle a very serious threat to freedom of expression. |
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Is this a new kind of attack on the Bitcoin ecosystem? A name based attack? - Bitcoin's hashing and curve algorithms are secure
- the network code is sound
- 50% attacks are almost impossible
- exchanges can be hacked, but there are too many of them already
- users spread around the world, no legislative power over the whole network
- P2P, nodes can not be shut down
- can be anonymous, difficult to identify individual users
- etc. and many more...
So, what is the last resort of the system? Create a crappy, non-functional "alternative", with similar name, to distract people from the "real-thing" and discredit the whole concept of crypto currency! If it works out, there will be lot of confusion and nobody will understand the qualitative differences between Bitcoin and those Fraud-Coins... What could be a mitigating strategy?Post your ideas below!!. A class action lawsuit for trademark infringement? There is a case to be made that Amazon coin has been designed to create confusion in the market place with Bitcoin. Take a good look and the official announcement and the golden coin. http://www.amazonappstoredev.com/2013/02/introducing-amazon-coins.html |
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We're all well aware that Apple has a disgust for anything that competes with iTunes credits, and thus bitcoin accepting apps (especially wallets) are not allowed. There is a potential fix for this though in the realm of games. For those curious as to what I mean, ask yourselves-- didn't you grow up with a certain game related to money and property trading? Monopoly! What is those properties were actually representative of something else like a trade of value between another "player"? Do you remember another little game called DIGIMON where you traded monsters? What if those monsters were just a representation of value? Do you remember being able to create said monster by insterting a CD into your drive and having an algorithm create one from the checksum/hash? Who's to stop you from creating monopoly money from a QR code? Furthermore, with the Apple Game Center giving you all the tools (free API) for multiplayer games, what's to stop one talented coder from making an 'exchange game', or basically forex simulator? Desperate users could even buy fake bux (iTunes credits) in-app at a huge markup (30%+ for iTunes fees + risk of chargeback). No, I'm not saying I'm making this right now (why would I ever admit that?), what I'm asking is, why isn't this avenue being tried by everyone else? Is the threat of eventually finding out and bashing it down too great? Discuss  The best fixes I can see for the Apple Bitcoin ban is: 1) Android 2) Even better when it comes out: Ubuntu Phone 3) Jailbreak |
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Has Anonymous really hacked the printing press at the US Federal Reserve or just embarrassed a few officials? There is a huge difference.
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Q: Who in his right mind would sell a nontrivial amount of Bitcoin for Iranian currency.
...
A: A person visiting Iran and / or wishing to purchase goods in Iran for export in order to obtain Iranian rials at a significant discount on the un-official or black market. It is the same phenomenon that is happening in Argentina with the "blue rate" and happens everywhere where there is a falling currency and strict exchange controls. There is an official rate and an un-official or black market rate with the latter being a lot more favorable to a visitor or for someone wishing to purchase goods in Iran for export. |
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Very simple. The majority of the world's population cannot get a credit card either because they have lousy credit, are too poor, live in the wrong country or are too young. An even greater majority of the world's population cannot receive credit card payments. When it comes to in person transactions they can, and use cash. But what can they do on-line?
To understand why this is so significant, the next time you see a homeless person begging for cash, ask them if they take Visa, MasterCard or American Express.
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java version "1.6.0_24"
OpenJDK Runtime Environment (IcedTea6 1.11.5) (ArchLinux-6.b24_1.11.5-1-x86_64)
OpenJDK 64-Bit Server VM (build 20.0-b12, mixed mode)
Congrats, your system is wide open. Oracle Java 7 update 10 and earlier Java 7 versions are affected. OpenJDK 7, and subsequently IcedTea, are also affected.
Impact
By convincing a user to visit a specially crafted HTML document, a remote attacker may be able to execute arbitrary code on a vulnerable system
IcedTea Affected - 16 Jan 2013
OpenJDK Affected - 14 Jan 2013
http://www.kb.cert.org/vuls/id/625617Please stop thinking just because you use linux your system is somehow invulnerable. It isnt. Not unless the user is running as root is the system wide open on GNU/Linux. I will not say that GNU/Linux is invulnerable, it just has a way lower risk than Microsoft Windows by about six orders of magnitude. As for the Java vulnerability disabling the Java browser plugin addresses the vulnerability as per the link above. The latter link also shows how Microsoft Windows is vulnerable to additional attacks via Microsoft Office. Phishing attacks by their very nature work on any OS, so one could in principle get a GNU/Linux user to provide a root password in order to install malware with the right temptation such as some good old Microsoft or propriety software bashing. As for a man in the middle attack, this involves forging certificates and spoofing the DNS. Again GNU/Linux gives a powerful tool against a DNS spoofing attack namely running bind9 to set up one's own DNS on ones network. An attack on the ISP's DNS will fail not only on the GNU/Linux machine but also on Microsoft Windows Machines that use the DNS on the local GNU/linux machine. The bottom line with Bitcoin is that if one wishes to use a currency whose entire security model is based on software and hardware freedom, it is only prudent to say the least to use an operating system based upon Free Software. |
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Over 10000 USD or possibly even over 100000 USD by 2018 are by far the most probable. If Bitcoin does not reach 1% market share by 2018 it is because it has failed drastically, so I will also give a small but finite probability of way under 0.01 USD.
As for the range of 0.01 USD to 10000 USD very unlikely.
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Here is a question: Do services have an intrinsic value? If they do so does Bitcoin. The intrinsic value of Bitcoin lies in the service of the facilitation a transaction at a distance where both the sender and receiver use Bitcoin only for the purpose of facilitating the transaction.
For example: Person A in Canada purchases say 70 CAD worth of Bitcoin and immediately sends it to person B in Kenya, who then sells the Bitcoin upon receipt for 6150 KES. They use Bitcoin because the cost is less than the alternatives; however both parties go out of their way to minimize their exposure to BTC because they fear the BTC price in terms of CAD and KES will drop.
The Robinson Crusoe example becomes irrelevant if the intrinsic value of Bitcoin lies in the facilitation of money transfer in small amounts across international borders.
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Looking ahead to potential market competition between current and future cryptocurrencies, an adapting traditional payment-processing market, internal and external security threats, and legal issues regarding Bitcoin, an in-depth analysis would be beneficial to potential adopters when determining strength, stability, and other risks of investment. If someone could direct me to conclusive research, that would be awesome. Some Discussion...Competition of Alternate Cryptocurrencies:From what I understand, which is technically very little, Bitcoin's hashing algorithm was not chosen with CPU processing in mind, but instead for security. That being said, Litecoin's hashing algorithm (scrypt?) WAS chosen for having CPU-friendly qualities? Which leads me to ask: Having been developed for traditional CPU processing and thus not using the most secure form of cryptography, is Litecoin not as robust and secure as Bitcoin? I would imagine, if true, this would make it considerably less competitive. So... In this new open source market where ideas lack ownership, will Bitcoin maintain a monopoly on the market, having the right and capability of integrating all of the best aspects of current and future cryptocurrencies? Will Bitcoin, being the first and current best, continue to adapt and evolve to keep ahead, leaving competition to act as a foundation for further implementations? If not, does anyone else believe that there are other cryptocurrencies which are fundamentally better than Bitcoin? Traditional Markets:Certain payment processors are running transactions cheaper than say, BitPays 2.69%. Sure their costs against fraud are huge, and global-transfer limitations allow for a negligible threat of competition in this regard, but cheap innovative services like squareup.com can be very competitive in local markets. I'm not entirely worried about this threat though, but am curious if anyone else believes this area could be competitive still. I'm sure you guys have a lot more to say than I do about this. On the other hand, I believe this what-could-be-massive transfer of wealth we are pulling here will not go down unnoticed, and without some fighting from the existing powers that be. I'm not exactly sure how Bitcoin would face threats against this front, so maybe you guys have some thoughts on this as well. Internal/External Security Issues:"Difficulty is intended as an automatic stabilizer allowing mining for bitcoins to remain only minimally profitable in the long run for the most efficient miners, independently of the fluctuations in demand of bitcoin in relation to other currencies." - http://en.wikipedia.org/wiki/Bitcoin#Mining_difficultyI'm not worried about a 51% take-over. I'm worried about double-spend issues hindering the growth and adoption of Bitcoin, when transaction verification should be trending towards instantaneous, opposed to every 10 minutes, and a general slow-down in the network hash-rate creeps in as a growing divergence between Difficulty and Mining Revenues increases; possibly as coin-rewards drop and mining revenues are increasingly derived from fee's. Can the Bitcoin network really sustain trillions billions of transactions per day? http://www.gfmag.com/tools/global-database/economic-data/12058-payments-volumes-worldwide.html#axzz2IxBZysD7I would imagine, at the very least, the internal trading of emerging Bitcoin financial institutions (private companies, banks, institutions, exchanges, the Paypal's of bitcoin, etc) will develop as they are implemented, relieving much of the burden upon the public mining network, and reducing many double-spend issues as lump-sum inter-bank transactions make up a larger portion of the Bitcoin network's transactions. Effectively, these new private networks will help to reduce mining fee's in the future, which I believe will rise, by bulking their internal-transactions up before sending them off to the what-will-be-massive mining network, who's main responsibilities will become more similar to today's clearing houses. This overall development would help to sustain hash-rates, keep transactions fast, and transaction fee's competitive. http://blog.bitpay.com/2013/01/bitpay-surpasses-10000-bitcoin-merchant.html?m=1You guys most likely have better visions of Bitcoin than this, theories of the future that actually have futuristic technologies - that I have no idea about. I'd like to hear 'em. Either way, why is it every 10 minutes for a block? Why not every 5 minutes? Why every 2016 blocks for Difficulty (I know its two weeks at 10 min)? Why not every 1008 blocks? Maybe evaluating the change in Difficulty at a weekly rate would be a better idea economically? Or how about a self-regulating algorithm to determine the best timing of Difficulty adjustments? Perhaps an automatic adjustment if the hash-rate deviates by 1.6180% from a moving average? Who knows, in the future, little things like this may be important. Legal threats:Currently, Bitcoin does not have any legal status in most jurisdictions, as they say. Therefore, it has no legal threats in any direct way. Bitcoin related ventures being a different beast - which governments seem to enjoy poking at. I'm curious what you guys have to say on this one too. Think we'll face issues in the future? I think I read somewhere that England may have already stated that Bitcoin was perfectly legal. Regardless, do you guys think they may come to regret that statement? I have a feeling the Bank of England might...  Ahhhhhhhhh! I will comment on the first two. Competition of Alternate Cryptocurrencies:The key here is that Bitcoin does not even have to be the best by some objective criteria, but rather just good enough. Why because it was first and already has a huge lead by several orders of magnitude in the form of the network effect. Traditional Markets:The reality is that Bitcoin has a hugh potential for growth without taking a single customer, or taking unprofitable customers from the credit card companies or payment processors such as PayPal. Competing on merchant fees for a low risk retail purchase is not the issue here, but rather focus on those transactions that are not serviced at all or are services very poorly by the traditional providers. Here are some examples: 1) Purchaser is too young, has no credit or poor credit and cannot get a credit card or debit card that acts as a credit card. 2) 1 above but purchaser can obtain a prepaid card. Cost is high and inefficient. 3) Transaction is of high risk of chargeback because the purchaser and vendor are in different countries. 4) Transaction is intrinsically of very high risk of chargebacks because the product or service can easily be converted to cash. Gold bullion coins, gambling are excellent examples. 5) Transaction is intrinsically of very high risk of chargebacks because of the nature of the product or service. Adult products or services are a very good example here. 6) The recipient of the funds cannot get a merchant account and the alternatives are not very cost effective. Examples: Small international payments to individuals, perfectly legal payments to controversial organizations such as Wikileaks, or something as simple as an alternative to cash to pay that teenager who just shovelled the snow from the driveway or mowed the grass. I find it very interesting to observe Bitpay move from paying with Bitcoin at restaurants and bars, a complete waste of time in my opinion, to focusing on card not present transactions over the Internet where huge a significant market lies because of 1-3 above. |
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No the CAD is not doomed because Canada is a gold producer and mining for gold, silver etc., in Canada will boom. Here in Northern BC it is not uncommon for example for a contractor that used to service the lumber industry (US housing market) turn to service the mining industry instead. Furthermore because of Canada's cold climate, I strongly suspect that Canada is also a net exporter of Bitcoins. |
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