Previous bottom:  Looks similar - but in a different scale. |
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I think this might have been bottom - but not the end of correction - I expect a crazy rollercoaster of a triangle.
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Just to see the sentiment on this forum.
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idno
pretty much anyone that would want to know about bitcoin knew about bitcoin in the bubble that just popped
this party is over
Seems like there might be a last stretch to $60 before it falls back to $50 a little. Then it should be time to slide further down. But think $50 might hold up a little. It needs to bounce much more - otherwise it would be quickly done. Too much money waiting from the previous sells ready for bounces. I would rather expect a huge triangle - with bounces back to around 200. |
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Ripple is being run by guys from Prosper and Mt. Gox. It will be a success.
I'm not so sure... Mt. Gox kind of just accidentally all of its success. This is about the original founder of Mt. Gox, who sold it 2 years ago, not the current owner. |
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Ripple is being run by guys from Prosper and Mt. Gox.
It needs to be added that this is about the original founder of Mt. Gox not the current owner of it. |
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At the rate we're dropping, if it went for 6 months bitcoin would be basically 0.
But it's good, the faster it drops the quicker the bubble will be over.
There will be lots of false reversals on the way - that's guaranteed. |
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I think this might be quicker this time - because it falls so quickly - but on the other hand the way up was much longer then last time.
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Its simply this, I am in it for the long term, for every peak I could pick, I would also be wrong.
So next time when I sell, thinking its a peak, and it does not come back, I will miss out.
So it's just not worth the effort/stress over a 10 year horizon to essentially get a zero sum game
True - but if you sold you could now buy 4 times more BTC for your long term. |
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There are numerous accusations that this or that coin is a scam - because authors preminted too much coins (for example: https://twitter.com/flibbr/status/323718244210982912 "PPCoin is a premined scam coin~King has mined more coins in 1st week than all time since: http://bit.ly/10bPYvy" ). But many (if not all) alt-coins had some coins minted by the authors before public announcements. I don't see that necessarily bad - because the authors need to put a lot of work into the coding, websites and stuff. So what is the public opinion about what is the acceptable level of pre-minted coins? And what if the authors setup a foundation, give it all the preminted coins and then sell them to fund the project? |
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But you have to run it 24x7 and be connected to the network. Not going to work for those in Africa, they will be suffering the effects of inflation, while people who can afford a EC2 micro box won't.
My understanding is that Proof of Stake is based on coin age - so if you keep unconnected for some time you can still capitalize on that when you connect back - because your coin gets older and thus has more power in the Proof of Stake lottery. |
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If every coin grows by a given percentage then the whole amount of coins grows as well and that can seem to look like inflation - but in fact for the coin user it does not matter at all because his coins keep to be a given percentage of the whole. Inflation destroys savings only if your savings don't grow together with the whole coin supply.
The Proof of Stake based inflation seems to me to have this property - is there any good analysis of this in PPCoin? The FAQ does not go into this at all.
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http://techcrunch.com/2013/04/13/the-cost-of-a-bitcoinThere’s a gold rush going on these days, or a Bitcoin rush, at least. Driven by the recent swings in the value of a Bitcoin, more and more people are learning about and becoming interested in the currency. While they could just buy Bitcoins at the current market rate, others are looking to try their luck at mining Bitcoins. And like prospectors who traveled west during the Gold Rush of the 19th century, many Bitcoin miners will find that they spend more on chasing the Bitcoin dream than they’ll ever hope to win back.
Thats why PPCoin was invented - with proof of stake you don't need this crazy power consumption for maintaining the network. |
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Have you guys looked into Ripple? From what I remember when I looked there a few years ago it is supposed to be something like a network of exchanges - each user runs his own exchange with his own exchange rates and the system runs a matching algorithm. All distributed. A few years ago it was all too complicated and too far away in the techno utopia - but now when bitcoin made these inroads into the main stream I think about having a second look into it.
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Try to hold the yubikey button for a few seconds instead of simply touching it.
Thanks! This worked. I am surprised - because for logging in I use the quick touch and I get in. |
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When I try to withdraw anything (bitcoins via codes or define a bank transfer beneficiary) the forms ask for a YubiKey or OTP - I use YubiKey so I touch it and it sends a code into the form - but then I always get an "Invalid OTP" error. Has anyone encountered this? And yes - I just sent a help request to MtGox - but I'd like to know if I am the only one with this problem - it looks like something pretty fundamental for all YubiKey users.
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No they wont switch off. You dont spent x amount on a rig and Imagen the price of bitcoin rises to the stratosphere and then just turn it off because it t falls temporary below operating cost.
If they were rational then they would switch off the rigs - If they still wanted bitcoins - then buying them would be cheaper then running the rigs. But yeah - maybe rationality is not a good assumption here. |
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