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1781  Other / Obsolete (selling) / Sponsorship Pilot Program for Bitcoin Weekly on: May 17, 2011, 06:04:02 PM
We're going to try out a new business model for bitcoin weekly...but we need an advertising sponsor to do it.

If you're the type  that like to run promotions and discounts. Let me know at hackerkiba   at  gmail.com
1782  Bitcoin / Bitcoin Discussion / Re: more bitcoin spam email (this could become a problem) on: May 17, 2011, 04:27:08 PM

I've never said bitcoin is a bubble. All I said is that every time bubble is mentioned or something says the rise in price might be unwarranted, mob mentality kicks in and attempts to discredit, bury, or argue away the points.

Your comments here are a perfect example of what I'm talking about.

Mob mentality implies irrationality. Care to explain why the mob is wrong?
1783  Bitcoin / Bitcoin Discussion / Re: more bitcoin spam email (this could become a problem) on: May 17, 2011, 04:11:22 PM
Honestly, I'd just suggest that everyone stay realistic and grounded here. There's an almost euphoric sense that circulates the forums every time the exchange rate goes up, and all logic seems to go out the window. Mob mentality crushes anyone who disagrees.

Bitcoin is a great concept. Just be careful and keep your eyes peeled.

Wait? Who are the people being irrational here? Maybe you would like to provide arguments as to why bitcoin is a bubble?
1784  Other / Obsolete (selling) / Re: MineCo 185 days of 1.5GH/s via GLBSE on: May 17, 2011, 03:45:28 PM
What is with these mining companies? Can't you think of something more interesting to fund?

How about a toy company? Buy a thing-o-matic with 200 bitcoin and manufacture toy designs.
1785  Economy / Economics / Re: Why Limit Total BTC? on: May 17, 2011, 03:36:48 PM
So the supply limit is a technical limitation of the algorithm and the massive deflation, pyramid scheme, etc is just something users will have to put up with?

The pyramid scheme have nothing to do with a deflationary economy.
1786  Economy / Economics / Re: Why Limit Total BTC? on: May 17, 2011, 03:36:20 PM
I don't understand why the supply of BTC has been engineered to approach a set value at a set (varying) rate. Surely you'd want the number of BTC in circulation to rise and fall in response to value changes in order to stabilize the currency. The current system is likely to lead to massive deflation, which will only serve to enrich the early adopters at the expense of latecomers. Its a classic pyramid selling scheme.

It just mean that early adopters have higher purchasing power. Latecomers can save too and earn from the deflationary economy.
1787  Bitcoin / Bitcoin Discussion / Re: more bitcoin spam email (this could become a problem) on: May 17, 2011, 03:18:27 PM

I'm not crying wolf here.

My point was that I strongly believe that this e-mail was not sent with good intentions. The e-mail referenced this forum because it is a certain source of pro-bitcoin comments that the reader would immediately notice.


Spamming hurts us, sure. What do you suggest people to do? Surpass their bitcoin feeling?
1788  Bitcoin / Bitcoin Discussion / Re: more bitcoin spam email (this could become a problem) on: May 17, 2011, 02:32:23 PM

Sure thing, and I never argued otherwise. They can be indistinguishable though, and the spammer probably linked here knowing that this is where the most enthusiastic bitcoin believers hang out.

That sounds like we're putting a lot of faith in bitcoin or something. However, it's a fact that certain people screams "BUBBLE!" every time bitcoin does a dramatic price rise. If you cry wolf everytime, people are going to ignore you.
1789  Bitcoin / Bitcoin Discussion / Re: more bitcoin spam email (this could become a problem) on: May 17, 2011, 02:27:15 PM
This is exactly what is going on here. The e-mail is full of useless information and references to the gold standard and lack of a central bank that are designed to get people riled up about how bitcoins are the answer. If they come to this forum they'll see all sorts of posts from people who insist bitcoin is going to take off, 'go parabolic', hit $1000 USD, etc.

Anyone who bought in to bitcoins has every incentive to get as many people hyped up about bitcoin as possible. The more people who believe it will just keep going up, the more buyers you have. More buyers == higher prices when you want to sell.

Just look around the forums and see how starry-eyed people are here. The number of threads about how bitcoin is just going to keep going up and up is absurd, and every reference to a bubble draws people out of the woodwork to attempt to smash the argument.

Watch out.

There's a difference between spamming and talking about the rise of bitcoin.
1790  Economy / Economics / Re: US finally hit the legal debt limit on: May 17, 2011, 02:20:27 PM
Time to start saying bye bye to politically popular programs like social security or die.

Let face it, the elderly don't care about our future. They're only waiting to die.
1791  Bitcoin / Bitcoin Discussion / Re: BlockChain Size on: May 17, 2011, 04:32:57 AM
You don't need the blockchain.
1792  Bitcoin / Bitcoin Discussion / [SPLIT]Re: Bitcoin press hits, notable sources on: May 17, 2011, 04:32:34 AM
I agree completely on both accounts.  However this particular type of line-crossing is predictably common here, to the point that the brand of BitCoin is highly impacted.
Please provide numbers.
1793  Bitcoin / Bitcoin Discussion / Re: What to call 0.001 BTC? (5 BTC Bounty) on: May 17, 2011, 02:24:12 AM
For the smallest unit (.00000001) how about "bitbyte"? 

I also really like the "dibit" and "tribit"... very smooth to say if you assume a soft "I" sound in the first syllable.

We call that, the satoshi.
1794  Other / Obsolete (selling) / Re: "I Use Coins" T-Shirt Repriced to Reflect the btc Value Gain... on: May 17, 2011, 02:21:08 AM
When will you guys will sell the gavinator t-shirt?

Or maybe you could sell the http://bitcoinweekly.com/articles/bitcoin-comic-whack-a-mole Bitcoin whack a mole t-shirt? It's even public domain.
1795  Bitcoin / Bitcoin Discussion / Re: Anyone know what happened to knightmb and his 371,000 BTC? on: May 17, 2011, 02:19:57 AM

Edit: Statist is most probably "noagendamarket" or someone who he has revealed my location too ... thanks mate.

You got no evidence to prove either way.
1796  Bitcoin / Bitcoin Discussion / Re: Anyone know what happened to knightmb and his 371,000 BTC? on: May 17, 2011, 02:18:59 AM
People, mind the civility or I will start using my banhammer.  Wink
1797  Bitcoin / Bitcoin Discussion / Re: this shit is about to go parabolic on: May 17, 2011, 01:36:53 AM
http://sourceforge.net/projects/bitcoin/files/stats/timeline?dates=2009-01-11+to+2011-05-17
1798  Economy / Speculation / Re: Bitcoin price increases are just getting started on: May 16, 2011, 10:25:17 PM

3) For satoshi's 7% stake in a 21m bitcoin supply to make him a trillionaire, the bitcoin economy needs to be worth $14 trillion total. That's the entire US GDP.  The only way for that to happen is if bitcoin becomes the standard currency for an economy the size of the US, Europe, China, or everyone else combined.

But I suppose given inflation of the dollar, we'll all bit USD trillionaires someday. Smiley

The bitcoin economy spans the globe and it's very possible that the bitcoin economy is so efficient that it reaches 14 trillion dollars in output anyway.
1799  Bitcoin / Bitcoin Discussion / [SPLIT]Re: Bitcoin press hits, notable sources on: May 16, 2011, 10:23:24 PM
There is every reason to kill them. They are all useless and unnecessarily consuming resources of this planet

The planet is fine. It's just that the incentives is wrong.
1800  Other / Obsolete (buying) / Re: Bitcoin Weekly Looking For Writers on: May 16, 2011, 10:20:29 PM
Desperately looking for reliable writers!

If you write enough articles in a frequent time frame, I might even make you...staff writers for 2 BTC!
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