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1441  Bitcoin / Bitcoin Discussion / Re: The bias of circuit breakers (up good, dn bad) - I lost more going up than today on: June 12, 2011, 07:28:20 PM
Circuit breakers are only possible with centralized control.

Yeah. New markets will just pop up. The idea of close time for markets just never make sense to me.
1442  Economy / Economics / Re: MtGox huge buy on: June 12, 2011, 06:44:33 PM
Why would you assume people want to stay under the radar

Taxes + suspicion of money laundering if you are not a corporation and recieve statistically abnormal deposits as an ordinary customer (whose normal traffic doesn't exceed a few dozen/hundred per day)

The entire reason why $10,000+ wire transfers must be reported to the police is anti-money laundering laws.

And it also means you have no financial privacy.
1443  Economy / Economics / Re: At which price will you sell your bitcoins? on: June 12, 2011, 06:29:30 PM
I don't sell it unless I need the money(emergency, compensate for lack of liquidity in paying off credit card debt, )
1444  Economy / Economics / Re: Why the rapid decline in price? on: June 12, 2011, 06:14:29 PM
I don't get the idea of circuit breaker. Other markets would just open up and benefit from the period of circuit breaking.
1445  Bitcoin / Bitcoin Discussion / Re: Has Bitcoin survived its first bubble? on: June 12, 2011, 05:44:14 PM

I posted this topic after reading this article:

http://www.hightechforum.org/bitcoins-a-crypto-geek-ponzi-scheme/

It concludes with the question "Can Bitcoin Survive After the Bubble Bursts?"

I was looking for some reasons on why there's more to Bitcoin than merely some speculative bubble that might someday burst; what is the intrinsic value within the Bitcoin currency that will stop it going to zero?

Personally, I think the sheer time and energy focussed on and invested in Bitcoin in mining and trading produces that intrinsic value, which forms a valid base for its value as a medium of exchange.

You're talking nonsense, kiddo. Bitcoin doesn't get its value from bitcoin mining, but from supply and demand. Bitcoin mining is just a security system.
1446  Bitcoin / Bitcoin Discussion / Re: is there an open bitcoin - statement of account in the Blockchain? on: June 12, 2011, 05:20:13 PM
thanks, thats fine.

@Quantumplation

yes, i thought so. its not possibel to correlate two adresses.



It is possible, with a paper trail. If there are no way to figure out what the transaction is about, and the coins belongs to who, then it's difficult.
1447  Bitcoin / Bitcoin Discussion / Re: Has Bitcoin survived its first bubble? on: June 12, 2011, 05:17:39 PM
Bubble? What bubble?
1448  Bitcoin / Bitcoin Discussion / Re: Let Discuss Some Bitcoin History Shall We? on: June 12, 2011, 03:10:16 AM
It is meant to be read generations later. May be old but it should still be a good article.
1449  Economy / Trading Discussion / Re: Web Advertising for Bitcoins - Would this system work/is there any interest? on: June 12, 2011, 02:17:36 AM
http://operationfabulous.com

And don't forget to disable adsblock so that you can see your owns ads code on the site.
1450  Bitcoin / Bitcoin Discussion / Re: Is the bubble exploding right in front of us?! on: June 12, 2011, 01:44:10 AM
Can you imagine those guys who bought thousands at 30$?

They must feel fucking terrible right now. (if they didn't sell yet)

And I feel great for an opportunity to take advantage of the mayhem and promote my magazine.
1451  Bitcoin / Bitcoin Discussion / Re: Can we all stop feeding the trolls? on: June 12, 2011, 01:34:22 AM
I volunteer an article for topic of discussion to clear out the trolls.  Grin
1452  Bitcoin / Bitcoin Discussion / Re: Let Discuss Some Bitcoin History Shall We? on: June 12, 2011, 01:33:08 AM
What ya going on? Nobody discussing the article?
1453  Bitcoin / Bitcoin Discussion / Re: Which one looks better? on: June 12, 2011, 01:25:19 AM
I then invite the OP to add credit next time. :/

And donate to the Bitcoin Weekly magazine! We need some bitcoins to pay writers.
1454  Bitcoin / Bitcoin Discussion / Let Discuss Some Bitcoin History Shall We? on: June 12, 2011, 01:24:12 AM
Ladies and gentlemen, to clear out the troll topics, I present the Bitcoin Is Worse is Better article for discussion.
1455  Bitcoin / Bitcoin Discussion / Re: Which one looks better? on: June 12, 2011, 01:20:08 AM
http://www.bitcoinweekly.com/articles/exploring-the-bitcoin-bubble-from-february-to-now

The source of the graph.
1456  Bitcoin / Bitcoin Discussion / Re: So wide price changes make bitcoin not business ready on: June 12, 2011, 12:31:16 AM
+1
Build the economy first, and people will adapt to price changes.

The economy is growing. You just need to look at the marketplace forum. It's the third largest forum section in the bitcoin community.
1457  Bitcoin / Bitcoin Discussion / Re: So wide price changes make bitcoin not business ready on: June 12, 2011, 12:28:22 AM
Like I've mentioned before the BTC economy resembles a small island nation with nearly nothing to buy with it's currency.

Sir, did you take a look at this article that refute your argument?

Quote
Speculative capital rushes in and buys up the currency creating a bubble, then sells it off and profits to the late comers whose money had to go through dwolla taking fucking forever.  Without capital controls and exchange controls (which are impossible to implement with BTC) the only thing we can do to raise the value of BTC is for vendors to accept BTC, which will be challenging enough without the infantile state that all the software and clients involving BTC are in.  If you are a programmer, get to work on improving the clients for non-geek use.

You mentioned a bubble.
1458  Bitcoin / Bitcoin Discussion / Re: Is the bubble exploding right in front of us?! on: June 12, 2011, 12:17:55 AM
You guys rock! Mention a bubble about bitcoin and I get to post my bitcoin bubble comic.
1459  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: June 11, 2011, 11:44:33 PM

One thing he has wrong is that "gold can be infinitely mined" - in fact there is talk that not only have we reached peak oil, we have reached peak gold.

What I find particularly ingenious about the Bitcoin system is that it mimics this whole cycle. In the beginning gold was easy to find in Australia. We are still producing but its much harder.

Mine asteroids.
1460  Economy / Trading Discussion / Bitcoin Weekly Needs Your Help on: June 11, 2011, 09:28:15 PM
http://bitcoinweekly.com have a great month. We repeatedly broke traffic record, become more famous, and still keep a 100% public domain website.

I hired a cartoonist to work with the magazine and soon he will have a dedicated comic section as opposed to be one of the articles.

As always, there is constant improvement to the site such as the upcoming Random Article of the Day and the already mentioned Comic section which will roll out after the random article.

Unfortunately, revenues for Bitcoin Weekly is not keeping up.
 
My employment cost for three dudes, 1.5 BTC, 1 BTC, and 2 BTC(soon to be 1 BTC I hope) means that I spent 4.5 BTC every week getting regular production of new contents. Not to mention the variable cost of freelancers which could be anywhere from 1 BTC to 3 BTC in a good week. I am lowering the rate of article commission to .50 BTC to keep cost down and will do negotiation with the 2 BTC guy.

My revenues is mainly what I get from Operation Fabulous, which is currently 0.08 each day. That mean .56 BTC per week. You do the map.

We will also roll out a news service in partnership with Bitcoin Watch, which will provide additional revenues to make up for the cost.

So, in short, it costs me 4.5 to 7.5 BTC each week to run the magazine. Currently, I have  9.58300000001 BTC which is not very much. I will get .56 BTC every week and perhaps 2 or 3 BTC every month from the news service and bitcoinweekly is not yet a sustainable operation.

So what can you do for the magazine? Well, if you like us, you might consider buying a Bitcoin Weekly t-shirt.  Half of the profit goes back to fund the magazine.

If you like to get your money worth, you can find us on Operation Fabulous where you can advertise your goods and services.

If you're feeling generous, you can always tip us at 1NWc7N4FAs55hJ1xdTf3KWHZD89yn2PQKV (We currently don't get much donations)

Show us your love for the magazine, and we will supply a steady stream of Bitcoin Analysis and comics for years to come.
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