sure you can call it fud, but it can;t be ignored............. and even if it can be patched, their should be a drop in price
when gox lagged/ got ddos's in the last bubble their was a huge price drop
this is serous news, and people are still rallying, i mean why?
It is the research paper which is "broken" not bitcoin. The market knows this because all it got out of core dev was a yawn. Also the gox problems were not significant to the market during the April peak/crash. Gox was even closed for 8 hours and the market continued its prior trend. Also gox was shut for a week in 2011 when it had nearly all the bitcoin market - and still the market just continued on from the prior level as if the gox outage never happened. |
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Indeed.
Assume that the $15m includes the $2m seed fund. Buying since launch a few weeks ago would iimply an average price between $200-$260. So 13m / 230 equals 56,500 bitcoins bought for long-term investment. Bitstamp and gox must be hammered by btc withdrawals. Unless this brings earlier hoards out of cold storage then a major crash from current price levels seems unlikely.
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wow, thats a pretty nice headline for a mainstrem press ... didnt the amazon ceo buy the post?
Yep. Bezos might even read his newspaper, and might even get the Bitcoin bug... might.. |
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Apples and oranges. Why compare these two?
Indeed. But the market has to take all information about any enterprise and come up with a price. They are both topical right now. Might not prove anything, but might also prove interesting to get expectations. |
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As of the date of this poll Twitter is slated to IPO with a valuation of $17.4 billion. Twitter has had a significant global impact allowing one-to-many and many-to-one instant broadcast messaging of text and recently, images. It has revolutionized the transmission of real-time events from the Arab Spring to celebrity name-calling. But the revenue stream is small, dividends seem a distant prospect. http://www.ft.com/cms/s/0/03f754da-455b-11e3-b98b-00144feabdc0.html#axzz2jiuClgTWCurrently Bitcoin, recapturing its all-time high, has a monetary base of nearly $3 billion. All Bitcoiners appreciate the risks and reality of it right now and yet its world-changing potential. Many use Twitter as well. It's simple. Today the market values Twitter 5.8x more than Bitcoin. But in 5 years which will be bigger, better, more important, and by how much? Hoping for a useful histogram to result... |
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What was the exact price of the last ATH?
266,00 according to bitcoinity. 259.34 was the bitstamp ATH |
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11
(Are we going by Gox?)
The gap between stamp and gox is so small and the gox $266 so iconic that I think it is fine to use gox for calling a break of the ATH, |
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Hey BitcoinWisdom, it's me, your loyal supporter and fan  Any chance you could maybe increase history size of charts? What I mean is: if I set the chart to, say, 15 min, I can "drag" it back a few days, then the history of that time interval is over. Practically this means, I cannot go back to, say April 10 in the 1 hour chart. Ha ha ha. Tried doing the same thing earlier! |
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obvious troll is obvious guys
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Based on my recent daytrading experience, as soon as I buy into bitcoin again we will definitely be on a huge downswing between 20-40% (so that I can panick sell!!). So, I'm taking bribes, anyone want me to crash bitcoin a bit?   Get some trading software which allows you to change the color of the candles. Make the default red into green, and default green into red. Then you can let your animal instincts take over and buy after all the green candles and sell after all the red ones. You might do rather well. |
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Google news is showing a number of articles which amount to FUD, and are multiplying like gremlins. Perhaps the Bitcoin Foundation should put up a short rebuttal / press release encapsulating some of the information in this thread. While the Eyal paper has some merit - it is certainly not a situation of "' Bitcoin Is Broken' And Could Collapse" Bitcoin flaw could let group take control of currencyCNNMoney - 3 hours ago The flaw is due to the nature of how bitcoins are created -- people "mine" them by solving a complex puzzle with their computers. If used correctly, the system is set up so that someone guesses correctly every 10 minutes, and the winner gets 25 bitcoins. http://money.cnn.com/2013/11/04/technology/bitcoin-flaw/Bitcoin Researchers: You Can Game the SystemMashable - 10 hours ago Computer science researchers at Cornell University claim to have found a way to subvert the system driving production of the digital currency Bitcoin. The researchers call their technique “selfish mining,” through which individuals or groups of Bitcoin miners ... http://mashable.com/2013/11/04/bitcoin-cornell-researchers/Researchers Say 'Bitcoin Is Broken' And Could CollapseYahoo!7 News - 1 hour ago The problem is with how people "mine" bitcoins. Mining is how bitcoins are created. Most people don't mine bitcoins anymore. They buy them or take them as payment. But some people are in the business of mining coins with special bitcoin-mining computers ... http://au.finance.yahoo.com/news/researchers-bitcoin-broken-could-collapse-014448102.htmlCornell Researchers Found a Way to Game BitcoinRYOT - 2 hours ago It's entirely likely and understandable, despite our better efforts to bombard you with Bitcoin stories recently, that you still don't know what Bitcoin is. (To be honest, 92 articles about it later we still don't fully grasp it.) But all you need to know is that it's digital ... Bitcoin open to takeover, researchers discover with new algorithm http://www.ryot.org/cornell-researchers-claim-able-game-bitcoin/456361Science Daily (press release) - 58 minutes agoNov. 4, 2013 — A major flaw that has gone unrealized until now leaves the $1.5 billion Bitcoin market open to manipulation and a potential takeover, according to a new study by two Cornell University computer scientists. http://www.sciencedaily.com/releases/2013/11/131104112234.htm |
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Bitcoin has the potential to reach $200,000 (+/- $200,000).
Luv ya D&T |
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The Bitcoin software was a real rough diamond when it went live and needed massive changes in its first year. This is a signature of a private effort.
Like the obamacare site.. Ha ha. I should have expected that! I am referring to software that was partly finished and needed more work, not software which is finished but doesn't work. |
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Are there any publicly available stats on how much turnover the Vancouver ATM is doing...?
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Speaking of press - Here's a nice write up from Vitalik Buterin at bitcoin magazine Holy Cow! That's an amazing write-up! ... Here's hoping we merit an article in the print edition at some point  Fantastic write-up indeed! Soon there will be articles about Mastercoin in mainstream media, but I can imagine the description of what it can do as Chinese whispers on steroids. I am still reading that Bitcoins are mined by "solving complex mathematical problems". So the best hope for public understanding will be seeing this tech in action. |
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EDIT: Lately I've seen more bitcoin supporters in the ZH comments section. And the stackers are a little more reserved in their ignorant criticisms...
This is the real take away which makes the ZH re-post interesting. The tide is turning against the PM-only crowd. It seems like it is 50:50 on ZH now that Bitcoin deserves to be considered sound money alongside gold and silver. This is a major shift from March 2013 when the ZH commenters were almost unanimous that Bitcoin = ponzi. |
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For US residents wanting to cash out USD from Mt Gox - at this moment you can move your BTC to Coinbase and cash out without taking a hit.
I don't know exactly why this happened or how long it will last, but Coinbase prices are currently above Mt Gox prices.
Think of this opportunity as something like getting into an escape pod in the film "Gravity" and pressing the right buttons to ensure a safe re-entry to Earth. |
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Satoshi deserves his (future) multi-billions for the amount of thinking and programming work he put in. He kept the faith mining for 18 months while a few people came and went until finally the whole project started taking off.
Didn't Zuckerburg just peer over Tyler and Cameron shoulder's for his billions?
Even if satoshi wants to spend his coins he can't cause it would likely crash the price You mean like spending all at once? That would be so stupid. I would only spend the amount of bitcoins that I need to spend to survive and maybe improve the quality of my life a bit. No, even if he moved only few coins the price would be affected somehow. No one knows the latest blocks he mined. Say he continued into 2011. Coins can be moved from that time and it could any of hundreds of different people. What if he moved them to some government, IE: china came out and declared Bitcoin was their project from the start. (Curiously, in 2009 their central bank said they were interested in creating a supranational currency). How would that affect the price? The "government created Bitcoin" theory may well become one of the top conspiracy theories, rivaling "government has UFO wreckage from Roswell" etc, but it just doesn't feel right. The Bitcoin software was a real rough diamond when it went live and needed massive changes in its first year. This is a signature of a private effort. I also can't see the Chinese using Japanese cover in this way. It would be like the US inventing something clever and stamping "Cuba" all over it. I remember the 2009 Chinese statement at the time and they were (still are) wanting the yuan into the IMF's SDR and considered that the SDR could be beefed up and replace the dollar in international trade and CB reserves. However, arguably, the first casualty of the advent of cryptocurrency is the idea of the SDR ever being the world reserve currency. |
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