I save bitcoins, I will spend them to buy cheeseburgers, I will use them to buy computers, ipads, iphones, whatever.
But hell no am I giving Uncle Sam something that increases in value.
He get's dollars.
tip: 10mBTC for being hilarious! Seriously did you tip me? I didn't see it that's why I wanted to make sure you got the right address: 1HByHZQ44LUCxxpnqtXDuJVmrSdrGK6Q2f
EDIT: You rock! I got it!I have never seen anyone be so happy about receiving the equivalent of 1 USD but you are welcome  (I hope you got 10mBTC and not 5 since I sent them through my wallet on Mt. Gox and specifically asked not to pay a fee - don't worry I only have very a very small amount lying there and I use a double layer of security) If you don't understand the power of Bitcoin yet, this is it. Very cool Sword Smith! Tip sent to Sword Smith: 20mBTC for paying it forward! Received. Thank you! |
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For those who don't know drudge is the ugliest page on the planet BUT one of the most visited (statistics are there somewhere). So any links, especially above the (browser) fold is a very big deal.
Yes. His news aggregation site has a conservative/right wing/GOP leaning and it is one of the five most visited news pages in the US. It is especially popular amongst inside the Beltway political geeks. Edit: No 2 among political websites in the US http://www.ebizmba.com/articles/political-websites |
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Well spotted. I love Matt Drudge and drudgereport.com
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I save bitcoins, I will spend them to buy cheeseburgers, I will use them to buy computers, ipads, iphones, whatever.
But hell no am I giving Uncle Sam something that increases in value.
He get's dollars.
tip: 10mBTC for being hilarious! Seriously did you tip me? I didn't see it that's why I wanted to make sure you got the right address: 1HByHZQ44LUCxxpnqtXDuJVmrSdrGK6Q2f
EDIT: You rock! I got it!I have never seen anyone be so happy about receiving the equivalent of 1 USD but you are welcome (I hope you got 10mBTC and not 5 since I sent them through my wallet on Mt. Gox and specifically asked not to pay a fee - don't worry I only have very a very small amount lying there and I use a double layer of security) |
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If Jerfelex is responsible for this, I think he would deserve a little tip as well...
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I save bitcoins, I will spend them to buy cheeseburgers, I will use them to buy computers, ipads, iphones, whatever.
But hell no am I giving Uncle Sam something that increases in value.
He get's dollars.
tip: 10mBTC for being hilarious! |
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This is pretty effing historic, guys. Mark your calenders!!! March 28th 2013 - Total Bitcoin market capitalization value reaches 1bn $. Next stop: 1tr $. I say the Time Man of the Year should be Satoshi Nakamoto.
I smell a betsofbitcoin coming on ... which year will Satoshi Nakamoto be Time Magazine's Man of The Year? Which year will he win the Nobel Peace Prize and the Nobel Prize of Economics? He should win all of the above if this Bitcoin thing really takes off (which it by no means has done yet). |
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This is pretty effing historic, guys. Mark your calenders!!! March 28th 2013 - Total Bitcoin market capitalization value reaches 1bn $. Next stop: 1tr $. I say the Time Man of the Year should be Satoshi Nakamoto.
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This is just the same shit we had from 'Zyphus' and his friends last week. The post above with falso rumours should actually be moderated. Differing opinion is good. Purposely false rumours aren't...
But you can't know if they are false rumors before the events have played out. Also, we need someone to be BTC bears, there are enough BTC cheerleaders in here. Do these 'cheerleaders' understand how Bitcoin works as well, and what roles Proof of Work, HashCash and the like or Public-key cryptography play in Bitcoin? Don't get me wrong, I believe in BTCs and understand their potential but I think we need someone to be skeptical as well. Otherwise, we turn into a reality ignoring cult. Also, I am tired of people yelling "FUD" whenever someone discusses potential threats against Bitcoins. Agree, but I think this crosses the line from "skeptical" to "nefarious". If BTC were stocks (and fortunately it is not, but still...), this kind of posting would be illegal. Isn't the purpose of bitcoin to escape the government enforcement and regulation? In for a penny, in for a pound. Agreed, but that's why idiots like the OP should pay a price in ill-concealed laughter and ridicule. Haha! Ok. Agreed! |
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Is there any evidence to suggest your theory of cause and effect? My theory is that some mainstream news hits first, and that induces new speculative traders, not the other way around. In my opinion, speculation started mostly when Romney's tax returns were being held for ransom. This built some speculative traders, which drove up the valuation, which induced reports on "the resurgence of bitcoin" which fed even more speculation, like a vicious cycle. In my opinion, this will culminate with a confidence crushing crash, and that's unfortunate, because IMHO, it's due to greed not fundamentals.
The price of a currency is calculated as follows: val=Y/(V*M) V~1/year and M~10^7. It all depends on what Y is and could become. It's that simple. Instead of guessing on booms and busts shooting from the hip, you should make a qualified guess on what Y could become. http://en.wikipedia.org/wiki/Equation_of_exchange |
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This is just the same shit we had from 'Zyphus' and his friends last week. The post above with falso rumours should actually be moderated. Differing opinion is good. Purposely false rumours aren't...
But you can't know if they are false rumors before the events have played out. Also, we need someone to be BTC bears, there are enough BTC cheerleaders in here. Do these 'cheerleaders' understand how Bitcoin works as well, and what roles Proof of Work, HashCash and the like or Public-key cryptography play in Bitcoin? Don't get me wrong, I believe in BTCs and understand their potential but I think we need someone to be skeptical as well. Otherwise, we turn into a reality ignoring cult. Also, I am tired of people yelling "FUD" whenever someone discusses potential threats against Bitcoins. Agree, but I think this crosses the line from "skeptical" to "nefarious". If BTC were stocks (and fortunately it is not, but still...), this kind of posting would be illegal. Isn't the purpose of bitcoin to escape the government enforcement and regulation? In for a penny, in for a pound. |
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Before one starts to blame the PIIGS too much, one should know that the bailout packages paid by Northern countries to the PIIGS mainly work as a kind of money laundering for Northern banks. If a German bank owns Greek gov. bonds then the bank may crash if these bonds default. The solution is to bailout Greece since this will keep the German banks afloat.
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This is just the same shit we had from 'Zyphus' and his friends last week. The post above with falso rumours should actually be moderated. Differing opinion is good. Purposely false rumours aren't...
But you can't know if they are false rumors before the events have played out. Also, we need someone to be BTC bears, there are enough BTC cheerleaders in here. Do these 'cheerleaders' understand how Bitcoin works as well, and what roles Proof of Work, HashCash and the like or Public-key cryptography play in Bitcoin? Don't get me wrong, I believe in BTCs and understand their potential but I think we need someone to be skeptical as well. Otherwise, we turn into a reality ignoring cult. Also, I am tired of people yelling "FUD" whenever someone discusses potential threats against Bitcoins. |
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I live in Denmark and the general population does not worry about bank deposit confiscations. Danes do not see it as a threat and the MSM is not chanting "it cannot happen here" which tells me that we are further away from this happening than, e.g., France. Also, it would be a bit easier to devalue the currency here, which is an alternative way of solving the problem of insolvency than it would be in France or any eurozone country. We luckily do not have the euro but our currency is tied to the euro via ERM II ( http://en.wikipedia.org/wiki/European_Exchange_Rate_Mechanism) and luckily not ERM III which is full euro membership. In 2000 we voted on whether Denmark should become a member of the eurozone, all mainstream politicians recommended a "yes" but the result was 47 % in favor and 53 percent opposed. The fact that we do not have the euro means that we are not contributing to the bailout packages via ESM or EFSF but only through the IMF through which the US is also contributing to the bailout of PIIGS (Portugal, Ireland, Italy (no official bailout yet, only monetization of gov. debt by the ECB), Greece and Spain (bank sector bailed out through some EU fund - http://en.wikipedia.org/wiki/2008%E2%80%932013_Spanish_financial_crisis#The_Bailout_of_Spain)). In this way, the Danish gov. and thus the taxpayers have saved DKK 338bn (USD 60bn) (about 20 % of GDP) in guarantees by not being a eurozone country. But we are still affected by the eurozone crisis since the crisis pushes the euro down and thus also the kroner which makes imported goods and dollar denominated goods more expensive - but most people obviously do not see this causality - that Greek spending leads to more expensive gasoline. In Denmark, we have very high taxes (57 % income for top earners, 100 % on gasoline, 25 % VAT, 180 % + VAT on cars(!!)) but our government balance is fairly sane with a deficit on "only" 4 % of GDP. And both sides of the political aisle seem to recognize that some kind of reforms are necessary and the pension age have been reformed and other welfare reforms are also under way. Furthermore, the corporate tax level has fallen from ~45 % in the '80s to 22 % today and they have just been lowered from 25 % to 22 % by the current leftwing government. There seems to be practically no difference between the economic policies of the former centre-right gov. and the current centre-left. Both are slowly (too slowly) reforming the welfare state and seeking to find the maximum on the Laffer curve. Which is what all other businesses do as well so I do not blame them too much. In Denmark, monetary policy is not really discussed. As mentioned, we had the eurozone vote in 2000 but obviously the pro euro people have shut up. No sane Dane wishes to adopt the euro today - it is not going to happen, thank God. Also, the monetary sides of the financial crisis (2008-today) is not discussed in MSM. We do have a libertarian community just like you do in the US. In this community there are some people who understand the potential of Bitcoins and the dangers of government-backed fractional reserve banking and fiat currencies but we are an extremely small minority and our ideas are in no way heard in MSM - whatsoever. Only on a couple of online independent newspapers and blogs and one think tank. There is no Ron Paul movement here but I feel like we have some momentum nonetheless. |
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This is just the same shit we had from 'Zyphus' and his friends last week. The post above with falso rumours should actually be moderated. Differing opinion is good. Purposely false rumours aren't...
But you can't know if they are false rumors before the events have played out. Also, we need someone to be BTC bears, there are enough BTC cheerleaders in here. |
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Thread was in jest, but if by cause and effect you mean media exposure causing general-population curiosity causing community hype causing speculative valuations that eventually returned to reality...then I guess, maybe I'm confusing it?
Plus the Google forecast was enough to make this worth posting in the speculation thread, since their algorithm is probably a more accurate predictor of interest than this community's most advanced sociologist/economist.
I believe you are confusing cause and effect. The rising interest in Bitcoins is mainly due to the rising prices. |
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Bitcoin only crashes up.
Lol! |
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I don't want anything from you, nor do I ever want to actually meet you. You aren't anyone I would knowingly associate with. I dislike liars, thieves, and general assholes like you.
i understand. i am guilty. but you still dont know me. you only see the worst in me. deep down there is a good man who wants to come out. |
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"Various levels of legality".
"trebled in value"
"Bypass banks"
"Stateless, cannot be taxed, frozen or easily traced"
David Birch interviewed
"near anonomity"
"pizza can be bought with BTCs"
"Starting ever so slowly to make it to the high street"
"First stage in virtual monetary evolution (...) new economy needs new kind of currency"
"dark side of BTCs", Silkroad, weapons, hacking
Trace Mayer, Bitcoin investor interviewed right now. He is positive about BTCs.
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