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221  Economy / Service Discussion / Seeking Historical MtGox Order Book Data on: November 22, 2014, 01:46:40 AM
Hello Guys,

I am doing some economics research into the volatility, liquidity, and velocity of bitcoin as a money system and I wanted to reach out to everyone on the forum here to see if anyone has price data from the exchange order books in the earlier days. I am talking about MtGox et al.

For anyone interested in what I have completed thus far, you can check out http://diginomics.com/the-bitcoin-revolution.pdf

Big thanks for any interest and assistance with this project. You can reply here or PM me.

BTC
Paleus
222  Bitcoin / Bitcoin Discussion / Re: Bitcoin on Brink of Institutional Investment on: November 13, 2014, 04:42:39 AM
My body and wallet are ready.

Amen brother.

Trouble is the market is very thin; there are not enough coins for large investors. Either BTC will go to the moon, or they will have to diversify into other coins. What do you think?

There is a squeeze put on the market in these bull runs, we've seen it in action before. As the price rises people hold on tightly to their bitcoin, and this is one main factor we've seen with quick increases of price. In these bull runs bitcoin becomes more scarce as price climbs, and I think we will see another phase of this very soon. I do not think they will diversify, nor should they.

Institutional investors may already be grinding it out - buying slowly from the exchanges so that price doesn't shoot up, cutting deals with the miners, etc.

Given that the market cap of bitcoin is a tiny $6.6 billion compared to, say Mastercard at $88 billion, I think the big players would move swiftly into the space rather than tiptoeing around and trying to pinch pennies by working with miners. Wall Streeters don't want to work with miners, they have the infrastructure now for larger investments through mainstream exchanges and that is what they will go through.

The facts have proved that 3 billion dollars funds is just a gimmick and rumors

Would you care to provide such "facts"?
223  Bitcoin / Bitcoin Discussion / Bitcoin on Brink of Institutional Investment on: November 12, 2014, 02:22:49 PM
Bitcoin institutional investment may very well be upon the eager onlookers who have watched price tickers for the past months, clinging desperately for signs of hope that upward price momentum may be on the way. This week, onlookers have a real reason to place their bets: large investment players have been confirmed to be moving into the space. In an interview with a representative from OKCoin, the company disclosed that a hedge fund $3 billion has begun trading on their platform and this may be just the tip of the iceberg.

Read the full article on Diginomics

BTC
224  Bitcoin / Bitcoin Discussion / Blockchain Networks Research Collective Group on: October 20, 2014, 09:52:57 PM
Hello All,

We have recently put together a series of social media communities to create conversation around blockchain networks, not just bitcoin but other cryptocurrencies and applications that can be built with this technology. I thought to post this here because there are many who may find these communities to be of value for networking, sharing information, and discussions.

We currently have 3 groups -- LinkedIn, Facebook, and Google+ under the name "Blockchain Networks" and are looking to put together a self-hosted forum for further conversations. Here are our groups you can join.

Blockchain Networks LinkedIn -- Request Invite

Blockchain Networks Facebook -- Open to all

Blockchain Networks Google+ -- Open Community

If you have any questions about these groups, or want to help in their development, post here! Also if you think these groups may have some value for fellow bitcoiners, then please share it with your networks and invite others!

BTCBTC
225  Bitcoin / Bitcoin Discussion / Re: THE RISE AND RISE OF BITCOIN - Full length documentary is OUT! on: October 09, 2014, 09:27:58 PM
Just purchased. I think it is a good thing that it is torrented. That way, it will reach a wider distribution than otherwise, although I purchased the full copy.

I'm happy to support more projects like this. Will post a short review here later!
226  Bitcoin / Project Development / Re: Bitcoin Book: Polling for the best title on: September 24, 2014, 06:01:19 PM
I am still looking to gather more poll results to increase my sample size and make an informed decision. Thank you to those who contribute.
227  Bitcoin / Project Development / Looking for Cofounders for a Privatized Cryptocurrency Wallet Service on: September 24, 2014, 04:52:15 PM
www.diginomics.com

Diginomics is a startup aimed at developing cryptocurrency wallet services which help clients store their money with security and privacy. We are deeply involved with the emerging technologies of bitcoin and blockchain networks and believe this to be one of the most important innovations of the 21st century. Our chief goal is to make cryptocurrency a relationship between the individual and their money, with no third party required. This is the model of banking 2.0 and we are excited about making it usable for a wider audience.

We are currently looking for cofounders to help us with this endeavor.

Core Responsibilities:
We are currently looking for a software engineer who can take ownership of software development as it relates to cryptocurrency wallets and payment systems. The position will require:
-   a high degree of discretion and confidentiality
-   taking roughly defined goals and design, develop, test, and progressively enhance backend functionality of cryptocurrency storage systems
-   assigned to a definite portion of the project as a whole, but expected to have a broad understanding of all interfaces involved and contribute to their improvement and design

Core Competencies:
As a backend developer, you will be expected to demonstrate exceptional adaptation and learning abilities. You will have a reasoned opinion on important aspects of the coding process, regardless of language or idioms. Core competencies will include:

-   High level understanding of P2P systems, decentralized networks, and cryptocurrency
-   Expertise in C languages such as C++11(Boost or Qt) or Go and have the ability to learn new languages quickly
-   Minimum bachelors-level degree in hard science/engineering/mathematics or demonstrated world-class talent designing and implementing advanced software
-   Proven knowledge in cryptography, security
-   Familiarity with developer interfaces, programming environments, and debugging tools
-   Full-process code optimization(semantic analysis & profiling, test scaffold, refactoring)
-   Experience with git and Github
-   Extensive experience with Linux systems(bash experience preferred)

Note that this is an early startup position and compensation will dominantly include ownership shares and potential for future earnings. As well as non-financial compensation, you will be working in a startup environment where decisions are made quickly and responsibility is earned by the appropriate mix of work ethic and expertise. We are located in Toronto, but are able to work remotely if the opportunity presents itself.

If you’ve read this thoroughly, apply with a short introduction to travis@diginomics.com, Subject: Software Engineer.

If you have any questions about the position, feel free to ask them here.
228  Bitcoin / Bitcoin Discussion / What is Money? (and does bitcoin fit the criteria?) on: September 22, 2014, 03:29:45 PM
Original post made at www.diginomics.com, currently looking for journalists and content contributors.



The need for money comes from the idea that we live on a planet with finite resources. Human desire is not limited, yet resources vary by scarcity and availability. Therefore, it is necessary to have a medium to exchange those resources which are finite. A unit of exchange is necessary to allocate resources among a population with theoretically limitless desire. Money itself is neither good nor evil, rather a necessary tool in a properly functioning economy.

Currency is a unit which can be used as a medium of exchange; it is something people trust to hold value because it is attributed general acceptance for food, shelter, and other basic necessities. Trust that the currency will be accepted makes up the most important factor when it comes to the survival of a particular money supply. When this trust erodes, the currency is in danger of being debased and people will no longer take it seriously. Currency could then be described as a collective agreement. When there are enough people who settle on what holds their trust, that which they agree upon becomes secondary. History has provided us of countless examples of this being true. Whether it be cigarettes, animals, precious metals, artifacts, and now computer code, money remains a collective agreement established by its user base.

Aristotle, the Greek philosopher, defined the characteristics of a valid currency comprising of four core aspects:

1. Durability

Money must remain in the same state it was originally created in. It cannot change or be destroyed by the forces which use it. In relation to bitcoin, they are almost perfectly durable. Bitcoin cannot be changed as each coin is based off computer source code. However, bitcoin can be lost quite easily in the event of a forgotten password, mishandled storage, or a fork in the protocol.


2. Portability

Since bitcoin is a digital currency, it has no physical cumbrance and, therefore, is portable to anyone with a wallet address capable of receiving payment. There is no burden in sending bitcoin across borders because it serves as a frictionless and agile transfer of value. You can cross a border with $1 billion in bitcoin using a brainwallet and no number of patrol agents or cash-sniffing dogs would be the wiser.


3. Divisibility

Bitcoin is made to be infinitely divisible by design. Currently, we use 8 decimal places to represent smaller fractions of an entire bitcoin. The unit of account down to the last of the 8 decimal places is known as a satoshi, in reference to the mysterious founder. If there is ever a need to extend the amount of decimal places, the developers and community can come to an agreement and make necessary changes. Bitcoin is perfectly divisible.


4. Intrinsic Value

The argument most commonly heard against bitcoin is that it lacks intrinsic value. That is, the currency has no desirable features and no value in and of itself. Outside of the acceptance trust, currency usually holds little or no intrinsic value; there is no value inert to the unit when it is presented simply for what it is. Anything other than trust would be considered a bonus to intrinsic value. The industrial uses of precious metals, however limited, are intrinsically valuable.

Investors are correct in asserting that the bitcoin unit of currency itself has no intrinsic value outside of trust. To make the claim of intrinsic value with bitcoin, we must make the distinction between bitcoin the payment network and bitcoin the unit of account capable of being spent. Both are known as bitcoin, but to not recognize the difference would be a hazardous miscalculation.

The reason bitcoin has “perceived” intrinsic value is because of the technological capabilities of the interconnected network which acts to send payments. The intrinsic value of bitcoin comes from the technological innovations built into the network usability. The protocol brings incredible functionality. The functionality is intrinsically desirable. As more people take time to understand the technological advantage of bitcoin, more people will come to accept it as payment. In doing so, the value will grow as trust is engrained. Considering bitcoin is a payment system which is made open to a scarce number of coins, the bitcoin unit of account commands a market price. Because bitcoin is both useful and scarce, it is valuable.

Bitcoin, as is with fiat currencies, reveals the fact that the only thing which assigns currency value is the assurance it will be accepted as payment when the need for exchange arises. With more trust comes more value, and the cycle stabilizes itself. Fiat currency gains its intrinsic value from government’s laws and regulation. The compliance on these laws rests with the credibility and authority of the governance which issues them. Bitcoin gains its credibility because it is a cryptographic form of money based on mathematical approaches to the laws of science.

The term “bit”, as in bitcoin, is a basic unit of information relating to digital communications. This unit of information (a bitcoin) resides on the blockchain and has its ownership assigned to a wallet address. What bitcoin as a system truly represents is a global database of financial information. To use the name “bitcoin” is nothing more than clever branding tactics and a proverbial play on words describing numismatic information.
The term “fiat” is a revealing description as well, this time of paper currency. In Latin it literally means ”let it be.” — a government-created currency which sounds as though the only thing holding it in place is confidence in the authority issuing. Such a currency, which sounds as though it has been buckling under the weight of illusion, is waiting for something more real to come along and relieve it of its temporary purpose. No fiat currency has ever stood the test of time, nor has it been designed to.

In this sense, the concept of decentralization of power also gives bitcoin value. The idea of the money being owned and supported by only the people who use it instead of a central authority makes the currency viable and at the will of those it exists to serve. In a world where circumstances and events are becoming increasingly interdependent, consolidation of power is unfavorable to dispersal of such power. If the currency fails to serve these needs, the people have the power of choice to use a different money system, and bitcoin will debase. It is no longer necessary to have the state manage, manipulate, and control money.

5. Originative

I would like to build off Aristotle’s concept of a valid currency by proposing a fifth characteristic: originative. Considering bitcoin comprises nothing more than computer software, it is easy to see how a copycat currency could come along at any time, tweaking minor aspects of technical specification in order to make it superior. This we have seen to be a common practice among alternative cryptocurrencies, but very few currently have the infrastructure and competitive advantage necessary to co-exist with bitcoin. Is this infrastructure built around bitcoin enough to give it a lengthy first mover advantage?

For a currency to establish itself, it must have the necessary time and exposure to its user base to establish collective agreement of its acceptance. In order to do so, the currency must be originative, and refrain from being carbon copied in a way that would introduce a similar money supply with slightly altered characteristics. Unless a new money supply is created that has a unique, sustainable use case for the cryptocurrency in circulation, it represents nothing more than a speculative investment. With current competing cryptocurrencies, only those which serve a definite purpose and those with a dedicated community behind them will have long-term outlook. It would make for an interesting argument for which tweaks in bitcoin’s technology make it viable, and which is nothing more than marketing fluff. There is only need for projects being built which introduce a new use-case scenario for a supply of cryptocurrency being circulated. Whichever emerging cryptocurrencies this describes is up to the investor to determine.

Fiat currency does not need to concern itself with being originative because its value is tied to the political, economic, and social decisions the issuing authority makes. Government issued currency can survive and prosper along with almost identical other supplies of currency because it represents an already established and centralized economy. Digital currencies on the other hand however, have no boundaries, no issuing authority and no established economy which to assess its value against. Fiat currency is tied to a centralized force, bitcoin is without geographical or political limitation. Therefore only one digital currency designed for monetary uses will survive and establish itself in the long run. The cryptocurrency which establishes itself as the benchmark of the digital domain will be the one with the highest degree of trust and the most innovative technological features. The infrastructure and first mover position give bitcoin a temporary but sustained advantage. In the way currency relies on trust, this makes bitcoin king. It can be seen in price movements that when bitcoin makes a move, the other cryptocurrencies make a similar, exaggerated move. When bitcoin sneezes, the others catch a cold.

TP
229  Alternate cryptocurrencies / Announcements (Altcoins) / Re: |ANN|BITNET|Released|darknet|networking with all coins| business platform| on: September 21, 2014, 07:20:23 PM
Also, when I go to download the file, my browser tells me the download is malicious. How do I know I can trust it and there is no malicious code embedded in the program?
230  Alternate cryptocurrencies / Announcements (Altcoins) / Re: |ANN|BITNET|Released|darknet|networking with all coins| business platform| on: September 21, 2014, 06:03:56 PM
This might be a noob question, but how do I install and run this software on Linux? I've downloaded the file from dropbox but don't know which file to execute in the folder.
231  Bitcoin / Project Development / Bitcoin Book: Polling for the best title on: September 18, 2014, 07:30:08 AM
Hi Everyone,

I'm currently writing a book on the political and economic implications of cryptocurrencies, and bitcoin in particular. I wanted to reach out to the community here to take a poll because I am caught between 3 different titles for the book. Choose which title you would be most interested in picking up.

For those that are interested in learning more about the book, check the link in my signature or PM me. We are always looking for reviewers, content editors, and contributors!

Thank you for participating in this marketing research and may the bitcoin gods shine favorably upon you.

TP
232  Other / Politics & Society / Re: Just Received This Response From My 2nd Rnd of Interviews w/ PayPal on: August 21, 2014, 03:46:50 PM
Now you can just focus on finding a job at a place that is friendlier toward Bitcoin or maybe your own business that accepts Bitcoin as a payment option.

I already run my own bitcoin business which accepts bitcoin as a payment option for a book describing bitcoin's effect on the world economy. Take a look: http://diginomics.com/publications.html

Maybe I need to mail a copy and have it delivered to PayPal's head office? Now there's an idea . . .
233  Other / Politics & Society / Just Received This Response From My 2nd Rnd of Interviews w/ PayPal on: August 21, 2014, 05:45:42 AM
Lately I've been doing some interviews with PayPal and after going in for a second interview, they responded promptly with a hiring decision:

After careful review with the team, we have decided to move forward with another candidate at this time. We were very lucky to have several candidates express interest in the role and therefore had a difficult decision to make. There was no negative feedback in specific from your interviews, we just found an individual who had a strong understanding of the payments space and therefore decided to proceed with them.

I hope you are not too disappointed, we would definitely have no hesitations considering you for other opportunities within eBay so feel free to stay in touch if you see any other opportunities that you feel are a good fit.


Now, I want to preface this by saying the point of this post is not to show that I got turned down by PayPal, but give a sense of their perception toward the concept of bitcoin, and from what I felt their complete lack of internal awareness on how it affects their business model.

I went in and had my 2nd round of interviewing with one of the marketing managers for PayPal Canada. This person was friendly and smart. The longer the interview went on, the more it felt like an interesting conversation than an actual interview. I was eager to learn more about the position while demonstrating how I could help the firm help engage SMBs across the country and "create new streams of revenue" as the posting said, as well as "go-to-market plans that drive additional sustainable growth".

Early and often I mentioned the idea of integrating bitcoin as a payment option. This seemed to be met with apathy from the interviewer and other coworkers in the office who I chatted with briefly. Some had never even heard of it. Others commented "I suppose if you want to buy illicit drugs".

Regardless, I told the interviewer that this type of technology would serve a demographic in Canada which is largely untapped, as many merchants are plagued by traditional merchant charges associated with credit card purchases and PayPal's conventional fee model. The adoption of bitcoin is only growing, and most viably so with the small and medium business sector. Merchants want to learn how to use this bold new design of money. Adopting it as a payment option would surely open a channel of new merchants.

If PayPal were to adopt bitcoin as a payment option, that would open a new stream of revenue from a SMB standpoint which would widen their revenue stream. Just ask the ones who have already done this. Overstock.com anyone?

Seeing as they decided to go with an "individual who had a strong understanding of the payments space", perhaps they got their guru who had a plan on how to engage new business with the same old options. To me, it was borderline shocking how out of touch some of the employees of the world's largest ecommerce business were in regards to emerging payment technologies. Perhaps they made a conscious decision to shun the light that is bitcoin, or perhaps I just wore the wrong style of tie ...

We may never know.

BTC

TP
234  Bitcoin / Bitcoin Technical Support / Re: Looking for someone to help me integrate bitcoin payments on: July 11, 2014, 07:39:18 PM
That software looks interesting, however it clearly states it is NOT production ready. Also my site does not use SQL.

I think the easiest route is to go with the blockchain.info payment API, but I am not sure how to configure the callback URL and the payment mechanism through PHP. There must be something simple I am not doing correctly.

Do I just copy the PHP files from the github repository to my webserver somewhere?

Thank you for the help.
235  Bitcoin / Bitcoin Technical Support / Looking for someone to help me integrate bitcoin payments on: July 11, 2014, 01:02:59 AM
Hello,

I am looking for someone to help me integrate bitcoin payments for a bitcoin book!
http://www.diginomics.com#book-section

I am using the blockchain payments API, and I've asked for their assistance, but they say my inquiry is too general. Basically I am looking to charge Ƀ0.009 per book and have the revenue forwarded to the address 1KuCSoMhnahkJuFCL3TQWRW8bX6EnkR3t9

The link to the blockchain.info payments API is here: https://blockchain.info/api/api_receive
The main problem is that I'm having trouble integrating this into my site with PHP. How can I implement this so that the server knows when a payment has been made and the file is made available?

Any help is much appreciated and I will monitor this thread closely. Thank you!
236  Bitcoin / Bitcoin Discussion / Re: I'm having some doubts about whether it's ethical to make money off of Bitcoin on: June 11, 2014, 10:34:14 PM
Ask not how to acquire more money, but how to acquire more bitcoin. -- Satoshi Nakamoto
237  Bitcoin / Bitcoin Discussion / Community Freebie-The Bitcoin Revolution: Where It Came From & Where It May Lead on: April 03, 2014, 02:04:47 AM
I know how much you guys love free things so I've decided to make my latest publication, The Bitcoin Revolution: Where It Came From and Where It May Lead, completely and absolutely free!

This project is the culmination of several late nights spend writing, researching, and forecasting what the future of bitcoin and cryptocurrencies may hold. My intention is to help newcomers and intermediate users of digital currencies alike to improve their understanding and adoption of this amazing technology. I am excited to release this product to the public and I hope many knowledgeable people in the community dive into this manuscript and take the opportunity to either tear it apart (critical reviews) and/or join me in writing publications (fellow contributors) in order to send a strong message to regulators, adopters, and investors. I hope to use this book to serve as a marketing tool for the exchange and cold storage services we are currently developing as well as increase the number of speaking engagements in the industry I have.



The Bitcoin Revolution: Where It Came From and Where It May Lead

Description:

Bitcoin — that strange algorithmic creation sweeping the nations in its bid to become the new official digital replacement for “fiat” cash, coins, checks and cards — is the hottest subject in discussion circles ranging from economic pundits to technology advocates. In 2013 the digital currency began trading at $10 and by November, was selling for upwards of $1200 a pop. What will 2014 bring for this bold new design of money?

With experts calling bitcoin the greatest innovation since the internet itself, it is a topic most will want to familiarize themselves with if they are to keep pace in a world of blurring technological advancement. The Bitcoin Revolution shows, step-by-step, how this concept of money operates, where it came from, and what the future might hold for decentralized finance and the incredible, even chaotic, scenarios it may bring.

“You can’t stop things like Bitcoin. It will be everywhere and the world will have to readjust. World governments will have to readjust” – John McAfee, Founder of McAfee

“I do think Bitcoin is the first [encrypted money] that has the potential to do something like change the world.” – Peter Thiel, Co-Founder of Paypal

“[Virtual Currencies] may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.” – Ben Bernanke, Chairman of the Federal Reserve


Download a free copy here:http://diginomics.com/The-Bitcoin-Revolution.zip

If you would like to find our more about our projects, visit the link in my signature, and if you wish to support the project there is a wallet address there as well. Let me hear what you think of the book and spread it around to others you think may enjoy the book!

Hope you enjoy it!
238  Bitcoin / Project Development / Re: Book Editors Open Call: The Bitcoin Revolution on: March 31, 2014, 01:56:36 AM
Two further ?'s:

1) Will this platform you speak of be 100% decentralized and open source (true peer-to-peer, via Open Transactions, etc.)?

2) Will registration be voluntary or forced?

If forced, definitely not interested, as it bucks the spirit of community. If voluntary (meaning the visitor gets the goods, regardless), I bring much to the table:

http://UberNifty.com

1) The platform aims to be as transparent and supportive of the cryptocurrency environment as possible. We are in support of decentralized exchange. However, no protocol or cryptocurrency can boast 100% decentralized exchange and we do not intend to either. Our platform will certainly not be open source, that would remove any technological competitive advantage and only increase the vulnerability to hackers. We do however, intend to make our holdings public knowledge and provide data on the amount of coins in cold storage etc.

2) Registration is completely voluntary and follows a schedule of verification:

Level 0 - requires an email address and allows participation in discussion, forums, posts, etc.

Level 1 - requires identification and allows the user to trade, store, and transact with currencies

Upon level 1 verification, the user is rewarded the PDF file book free of charge.

I checkout out your site and it seems you've compiled a good deal of helpful materials. Nice work on UberNifty thus far, it appears I have some reading to do.

Our project is designed to promote cryptocurrency as a replacement to fiat while remaining in line with the spirit and collective of the community.

239  Bitcoin / Project Development / Re: Book Editors Open Call: The Bitcoin Revolution on: March 30, 2014, 06:13:09 PM
The book will be freely available under creative commons license as a PDF or ePub file with registration on our site. There is no DRM protection and holders are encouraged to distribute the book for informational and educational purposes. Other formats however, Amazon Kindle, Applie iBookstore, Google Play, etc. will be available for a nominal fee and all profits will go toward building a feature rich bitcoin trading platform.

Right now you can either sign up on the site, or PM me and I will email you a PDF copy of what we have completed thus far. I am looking to get reviewers and people to contribute to the project.
240  Bitcoin / Bitcoin Discussion / Re: The Bitcoin Alliance - Yours If You Want It on: March 26, 2014, 07:11:29 PM
Awesome stuff dwords! I am currently working with the Bitcoin Alliance of Canada right now to promote the upcoming bitcoin expo in toronto. You can find out more here: http://bitcoinexpo.ca/

I also see you are a writer. As am I. I'm currently working on a project that may spark your interest. More can be found here: https://bitcointalk.org/index.php?topic=536599.0


In regards to the domain how do you see it being used differently from country specific sites such as bitcoinalliance.ca or bitcoinalliance.fr?

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