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621  Bitcoin / Mining speculation / Re: BFL_Josh - "Then stop asking for updates, it's that simple." on: July 08, 2013, 12:46:23 PM
Stop asking? The magpie is the question. People will stop asking if there is an accurate eta
622  Other / Politics & Society / Re: USA is Al Qaeda on: July 08, 2013, 12:39:45 PM
Even there is no intel about this. The group looks like this To keep creating horrors since 1940s
623  Economy / Economics / Re: Re-visit the question: What is bitcoin backed by? on: July 08, 2013, 04:55:29 AM
What is bitcoin backed by?

Bitcoin the currency is backed by blockchain the ledger, with everyone's holdings. The blockchain is in turn is backed by decentralized replication, consensus, advanced cryptography and enormous computing power.

Result: virtual gold.


Sorry, I missed one word, it should be "What is bitcoin's value backed by?" Already corrected in the OP. Value is decided by demand and supply, it is less related to technology. Even if you have most advanced technology in the world, if no one want it, it worth nothing. There are some other maybe more advanced coin designs, but since the demand has all been attracted to bitcoin, they did not succeed


The value backed by trust. There are many ways to modify the demand and supply. It is not easy to follow but it is.
624  Economy / Economics / Re: You are fools on: July 08, 2013, 04:52:58 AM
When price goes down People say xx sold their thousands of bitcoins so price went down
Stupids, if they sold it, someone bought it too..

When price goes up, people say, someone bought thousands of bitcoins so price went high
Stupids, they bought it because someone sold them..

Now tell me why price goes up down.

Ironic that you have posted this in the Economics section yet clearly have no understanding of the Economics of any market, let alone Bitcoin.

Here is why price moves:-

New information
Uncertainty
Psychological Factors
Fear
Greed
Supply and Demand



Many people are not so stupid, just guess wrongly.
625  Economy / Economics / Re: Why is bitcoin price not going up? on: July 08, 2013, 04:50:53 AM
The big bankers have been doing very well, Also the market is not fully ready for this.

So the dynamic is still great.
626  Economy / Economics / Re: Bitcoin will eventually become another monopoly of currency on: July 08, 2013, 04:48:54 AM
I don't think so as all people know how to make one.

There are more models after the bitcoin successfully deployed, which represents like Chemical chart (Periodic table).

If you think the bitcoin is bad, then find a way to improve.
627  Economy / Economics / Re: Why do people trust in fiat money? on: July 08, 2013, 04:44:15 AM
Who feed people? Normally the States.
628  Economy / Economics / Re: Why is BTC not used in Games? on: July 08, 2013, 04:43:01 AM
Not fully ready. Or there may be something new in Games.
629  Economy / Economics / Re: Will Bitcoin survive if the USD fails? on: July 08, 2013, 04:42:08 AM
The being you mentioned, is for everyone. However bitcoin only has one thing, trust and bounded number to ensure safe.
630  Local / 中文 (Chinese) / Re: 如何给ASICMiner估值 on: July 08, 2013, 04:37:05 AM
不知lixiaolai是否有意小赌一把?如果有兴趣我开个贴做个约定.
没有敌意,我只是觉得这很有趣 Smiley.
在这小赌局里你是有些优势的,几十个BTC对你来说几乎不构成影响,但对我已经是蛮大一个量.毫无压力VS鸭梨山大.你学富五车,我只是个种甘蔗的(我敢打赌甘蔗不会长到天上去 Cheesy),获得信息方面你也有优势.

要正確估值, 首先你需要知道當日莊家開的收買價. 因為BTC是獨立的.

631  Local / 中文 (Chinese) / Re: 如何给ASICMiner估值 on: July 08, 2013, 04:34:44 AM
你们都是国外用户吧 谷歌文档doc居然能访问到? 国内大部分地区应该打不开的!

獅城,台灣,其他地方, 總有辦法. 不過, 這些人遂步避免使用了.
632  Local / 中文 (Chinese) / Re: 投资矿机未必可以收回成本 on: July 08, 2013, 04:33:16 AM
除非自己能做个性能超高的矿机,否则挖矿没前途。道理很简单,你会卖印钞机给别人吗?那会让你印出的钞票贬值

我們也許知道該東西重視甚麼, 但問題是, 要製造一個模具, 沒有一百萬美金是不行.
633  Local / 中文 (Chinese) / Re: 关于比特币未来的一些想法 on: July 08, 2013, 04:29:10 AM
最初只是通用的. 穩定後變為專用的. 不管是甚麼也好. 總要以合理成本維護.

對我而言, 若比特幣要好的話, 就要看大莊家的樣子外, 另外要看生產商的情況了.
634  Local / 中文 (Chinese) / Re: 比特币的前程可能会被矿机毁掉 on: July 08, 2013, 04:25:49 AM
多虑了。CPU转向GPU的时代(两年前),就有人像楼主一样担心了。

可事实上,ASIC矿工,可能是对比特币贡献最大的,没有他们,比特币的全网算力不可能一下子涨到现在这种情况。

要看如何分配而定. 現在的專用礦機, 只有少量是分散的. 故然是擔心. 但若果沒有一批人固定下來的話, 整個系統會不穩. 現在問題在分配, 信用上. 與機器無關.
635  Local / 中文 (Chinese) / Re: 比特币价格走势分析!每日更新! on: July 08, 2013, 04:20:55 AM
比特幣一進入對匯的話, 是個很可怕的過程. 就是那種可怕, 才確保其安全.

只要大莊家處理不好的話, 價格有可能返回三拾美元的水平, 儘管仍然嘗試穩定在八拾美元水平.
636  Local / 山寨币 / Re: 为什么没有新的山寨币在中文区推出了? on: July 08, 2013, 04:17:53 AM
質量不足夠就自然淘汰. 我相信不是單單改幾行就可以成事. 最近我知道俄國有新玩意, 現時測試中. 只知道SHA3算式解決了"不公平"的問題
637  Bitcoin / Hardware / Re: Cloud Hashing on: July 07, 2013, 06:02:21 PM
What do you guys think of these guys?

https://www.cloudhashing.com

Offering 10Ghs starting in September. Is it in any way a good idea to jump on board? They claim a return of 50BTC for essentially 10BTC (to keep it easy) ... though if you pump the figures into coinish calc, it tells you tou will make about 2BTC profit over two years on its default mode. If you put in difficulty increases of 15% then its never.

Still... i'm tempted. Certainly not going to get an asic any time soon. Thoughts?

Someone talk me out of it. :-)

You are on bad time as cloudhashing used to provide 0.11 BTC giveaway program for early birds, Suggest
 not to do this at this moment
638  Bitcoin / Hardware / Re: Lower BTC Price: Potential risk for mass speculative refunds on ASIC orders? on: July 07, 2013, 06:00:00 PM
you are totally right pal, that could be a problem for Miner Manufacturers ;(

Negative, why these people keep selling the bad stuff out? I used to take a deeper look as I used to believe BFL helps me a little. But it is not once it is ready. BFL is fully ready on June. GETTING worse...

Normally, these people seldom accept your request as the production line is ready written. Or mentioned before you order due to procurement and preparation
639  Other / Off-topic / Re: Isn't the USA just....a very big prison? on: July 07, 2013, 05:42:15 PM
From my governmental word. 300M approximately people, at least 9%, prisoners. Additionally, there are many bars so. It is no prison, it is blackhole
640  Other / Off-topic / Re: Religious beliefs on bitcoin on: July 07, 2013, 05:40:26 PM
In general, limited supply is the rule for this.
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