I don't see how this can last. 100,000 BTC in bids+asks on MtGox, but 7,200 BTC are created every day. The market just can't absorb it.
It been at 0.06 for a really long time for like 2-3 weeks? In any case, the market seem to practically ignore the fact of monetary inflation.
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> 30 days waiting period for paypal dollars deposit meant that influx of new buyers at mtgox ain't possible.
No it doesn't. they can trade immediately. they just can't withdraw.
Sorry for my misunderstanding.
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Just jumped over .08, So does anyone have thoughts on what is happening here?
30 days waiting period for paypal dollars deposit meant that influx of new buyers at mtgox ain't possible.
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Two months of work....success!
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I been thinking of funding a series of bounty for browser extensions that store as well automatically receive bitcoins. I also want to do it in conjuction of forming the first ever bitcoin mutual aid society, the Bitcoin Mutual Aid Association at http://bitcointalk.org/index.php?topic=1395.0
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I want to move forward with this association idea for short. I guess I'll called it the Bitcoin Mutual Aid Association.
I think the simplest benefit that such an association get is discount from business.
50% of the funds will goes to bitcoin promotion projects, software bounty and the like. The other 50% will be saving. Part of the 50% spending will be breakdown into 25% advertising, and 25% software bounty.
I think the membership fee will be 10 btc per month. Anybody who's a business owner and member of the association will offer discount.
Very simple. The next step is to outline a charter and governance structure.
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Building on your idea, this could be expanded to a dating site.
Dating sites have some issues with payments as they are not very anonymous.
Possible but there are inherent general gender imbalance in hackerdom.
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The possibility of a volume record breaking is high now with 42669 bitcoins.
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Maybe it would be a good idea to form some kind of "friendship" society, um like a fraternity or something. Basically provide things like mutual aid, insurance, and benefits to its members and function as a way to um..make friends. http://en.wikipedia.org/wiki/Friendly_SocietyPerhaps member businesses associated with the bitcoin mutual aid societies get discount. So you might pay like 5 bitcoins every month and you'll get select discount on certain sites. These bitcoin money would goes to insurance thingy, promotion of bitcoin projects, etc.
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So how do you determine if there is enough questions for Satoshi to answer?
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Any more niches for people to fill?
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I never got the chance to try it out despite the invitation to test it. Will do soon.
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He kept insisting that "if there is no guarantee, it's worthless". Have you tried showing him that they are already worth around 0,06USD each ? Actually, try to explain what value is... gold itself has no "guarantee"... nobody can really guarantee people will keep valuing gold. All you need is to mine a nearby asteroid than BAM! Everyone's faith in gold is gone.
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MtGox broke volume exchange record yesterday with 36672.7 bitcoins. That's a lot!
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Massive quantity of volumes are exchanged in a few days in a row. Possible slight movement in price.
I also noticed the high activity rate for the last 5 days or so and the appearance of a few new highly active users. Perhaps bitcoin community growth has fueled the volume? Or not, we can't be sure anyway.
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Are you really from Japan?
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bitcoins are stealable. The thief just has to steal your harddrive.
I can use an encrypted file system. Or I can encrypt my wallet.dat file when I'm not using the bitcoin software. Or I can have most of my bitcoins encrypted on a distant machine, and use only small change for my local machine. And so on... A sufficiently smart thief will social engineer you, or just steal jewelries and other stuff from much easier security system.
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No email? Nothing, no response Try again?
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No email?
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