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1701  Bitcoin / Bitcoin Discussion / Re: What's wrong with Bitcoin? on: May 21, 2011, 02:45:08 PM
Bitcoin and similar technologies may have a significant role to play in the future, and the technology is legitimately elegant and adeptly applies several modern strains of cryptographical research.

The recent speculative runup in the main Bitcoin block chain, however, is insane and entirely unfounded. I can't promise that people buying Bitcoins now will lose money, for no one can easily predict where a bubble will end, but the grandiose claims of most of the people in the official Bitcoin forums are absurd and border on the illegal fraud that is explicitly disclaimed by people like Rezin777. Investors would be well advised not to risk their money here. There are several significant reasons for this:

Did I hear yet another claim of "Bitcoin bubble"?

http://bitcoinweekly.com/articles/comic-reaction-after-dramatic-rise-of-bitcoin-s-value
1702  Bitcoin / Bitcoin Discussion / Re: The Bitcoin Weekly Comes Alive on: May 20, 2011, 10:22:26 PM
New article: http://bitcoinweekly.com/articles/webs-of-trust-and-how-to-decentralize-them
1703  Bitcoin / Bitcoin Discussion / Re: The Bitcoin Weekly Comes Alive on: May 20, 2011, 10:12:20 PM
Ladies and gentlemen, I am working on the Bitcoin Weekly business database. It's still in early development.

What I hope the database will become:

This database will track data such as "dead" or "alive", stories that mention said business, related bitcoinweekly articles, who owns it, reviews, and much more. It will also contain disqus discussion thread about said business.

Here is our first business entry:

http://www.bitcoinweekly.com/businesses/bitcoinglobal
1704  Economy / Economics / Re: Big buyers flooding the market with bitcoins ? on: May 20, 2011, 06:34:42 PM
I wonder how much activity there has been at Dwolla this week.  Those guys sure have some good insider information.


PANIC!  FEAR!  BUBBLE!  SELL NOW!


 Shocked

I heard bitcoin bubbles! http://bitcoinweekly.com/articles/comic-reaction-after-dramatic-rise-of-bitcoin-s-value
1705  Bitcoin / Bitcoin Discussion / Re: Volume dropping way low on: May 20, 2011, 03:25:21 PM
Unless that business quickly spends the coins on another business.

Look at the supply chain and see if you can get your manufacturer to be paid in bitcoin.
1706  Bitcoin / Bitcoin Discussion / Re: Volume dropping way low on: May 20, 2011, 03:21:42 PM
What you guys need is ever more division of labors. Web programmers and more web programmers isn't much of a divison of labor. Go specialize in a technical trade or something.

Granted....I am a web programmer too...
1707  Bitcoin / Bitcoin Discussion / Re: Volume dropping way low on: May 20, 2011, 02:28:13 PM

Volume is down because price is higher.  Trading 10,000 BTC a day when the price was $.70 is like selling 1,000 a day when it's at $7.

If you look at it in term of bitcoin, yes. Not true for dollars.
1708  Bitcoin / Bitcoin Discussion / Re: Volume dropping way low on: May 20, 2011, 02:27:38 PM
I remember days of $200 volume. $120k doesn't seem low to me at all.

We gone beyond 400 K USD before.
1709  Bitcoin / Bitcoin Discussion / Re: Volume dropping way low on: May 20, 2011, 02:15:10 PM
Probably neither, looks more like declining interest in bitcoins. I see thousands of coins for sale still, but the're at ridiculous prices (perhaps people expecting prices to follow difficulty) while there are only hundreds of buy orders, at prices far below what people are asking.

It doesn't mean anything other than the price are dropping. You can have enormous interest in bitcoin flowing but the market does not react. There had always been low and high volume.
1710  Bitcoin / Bitcoin Discussion / Re: Volume dropping way low on: May 20, 2011, 02:12:56 PM
We are going into a correction phrase that may last a few months or so S3052 said.
1711  Other / Meta / Re: forum.bitcoin.org should run advertising on: May 20, 2011, 05:41:15 AM
The forum is not hosted on SourceForge.net.

I would prefer donations if necessary. Ads are annoying.

Just use ads block.
1712  Economy / Trading Discussion / Re: A Bubble on: May 20, 2011, 05:38:04 AM
Did someone say....bubble?  Cheesy

http://bitcoinweekly.com/articles/comic-reaction-after-dramatic-rise-of-bitcoin-s-value
1713  Other / Meta / Re: forum.bitcoin.org should run advertising on: May 20, 2011, 05:33:13 AM
The forum is hosted on sourceforge.net, guys. So you don't need to worry about the site going down.

However, you could allocate the revenues to something like bitcoin bounties.
1714  Bitcoin / Bitcoin Discussion / Re: S. Korea Bitcoin Translation. Is there one? on: May 19, 2011, 11:26:35 PM
In general, we got no Asian penetration.

The whole bitcoin economy is a wholly a western centered world.
1715  Bitcoin / Bitcoin Discussion / Re: Bitcoin Weekly T-shirt Poll on: May 19, 2011, 10:39:51 PM
Can the people who voted no or yes please voice their opinion?
1716  Bitcoin / Bitcoin Discussion / Re: Read the introduction- still have questions on: May 19, 2011, 09:41:29 PM
Had anybody send you any money? If nobody didn't, you ain't getting anything.

Bitcoin doesn't grow on your desktop, ya know?
1717  Bitcoin / Bitcoin Discussion / Re: Bitcoin Weekly T-shirt Poll on: May 19, 2011, 09:40:13 PM
2 yes versus 5 no. Comeon guys! Vote!
1718  Economy / Economics / Re: How to discourage hoarding - brainstorm on: May 19, 2011, 04:10:21 PM

I believe that for this discussion to be productive, the emphasis would be on first identifying how we can 'help the average person to adopt bitcoin'. If this is accomplished, then the hoarding won't be that much of an issue as there's an active consumer economy based on Bitcoin market.

That what entrepreneurs are for.
1719  Economy / Speculation / Re: Bitcoin price increases are just getting started on: May 19, 2011, 04:08:28 PM
\
So I would agree, it does seem like a terrible waste compared to printing USD at least.  I do not see any practical fix to this though - hashing and securing the network takes power, and there's just no way around that.

They need people to protect the vault, electricity to run the bank wiring system, somebody to transport the money, somebody to secure the money from counterfeiting, etc.

Bitcoin mining follows the most energy efficient or at least cost effective route to mining.
1720  Economy / Marketplace / Re: Micro bitcoin trading on: May 19, 2011, 03:01:50 PM

I did n't get you.What is "content farm" ?

Massively scalable content production operation.
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