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81  Economy / Speculation / Re: Thoughts on price movement when Mtgox reopens. on: April 11, 2013, 06:39:46 PM
Last time, after they ended up being down for weeks, it actually wasn't that crazy when trading resumed.  Everyone acted reasonably.  But then slowly and surely over months the price went down until it bottomed out at $2.
82  Bitcoin / Bitcoin Discussion / Re: Casascius Coins: Am I doing "Proof of Existence" right? on: April 11, 2013, 12:48:09 PM

The attack I'm trying to prevent is someone outright counterfeiting a coin by making the same brass round and having an identical hologram produced and then just printing one of casascius' prefixes (already on a genuine coin produced by him).


Okay, I see.

This only seems useful if (1) You have a really sophisticated counterfeit, and (2) you have physical possession at the time you buy it.  If the counterfeit isn't sophisticated a visual inspection will already show it's fake.  If someone is selling on ebay, they can just use your image to sell it.

The seller can also say that any dings or scratches were just wear and tear.  "Picture was taken when the coin was MS-69, but now it's AU-55!"
83  Bitcoin / Bitcoin Discussion / Re: Casascius Coins: Am I doing "Proof of Existence" right? on: April 11, 2013, 12:31:35 PM
This seems too clever for its own good.

What is the attack you're trying to prevent?  I just happen to have a public key containing exactly 0.5 BTC from with the same prefix that was funded at the same time as an authentic coins?  Then later I print that on a bunch of coins?  It seems anyone who is going to take the trouble to verify the single-satoishi transaction can just use Casascius' signed list of public keys.

I think you would be better off just issuing a signed (either known pgp key or known bitcoin address) certificate of authority if there's a demand.

Seems like a lot of work just to get the blockchain to notarize the COA.
84  Economy / Service Discussion / Re: Impossible to trade this, INSANITY! on: April 10, 2013, 09:57:30 PM
Gox already said cloudflare or aws wouldn't help, who knows why.

Cloudfire caches web pages.  This is good for serving static content or something that doesn't get updated every second like a blog page so your main server doesn't get beat up..  But you can't really cache a trade order so cloudfire doesn't help with that.
85  Economy / Speculation / Re: It's just a minor correction - the bears are committing suicide at the gates on: April 10, 2013, 09:27:04 PM
50%+ is not a "minor correction", just for your future reference...
It corrected the major blow up from 100 last Monday to 260 today. If it returns to 120, its a 20% increase in 8 days. That's more sustainable.


And already back to 190.
86  Economy / Goods / Re: Before there were Casascius coins, there were bitbills on: April 10, 2013, 09:07:00 PM
I guess if anyone is interested, I would sell both cards and the used payment card for a total ot 12.1 BTC.  12 BTC for the cards and + 0.1 BTC for insured Priority Mail shipping.
87  Economy / Goods / Re: Before there were Casascius coins, there were bitbills on: April 10, 2013, 09:00:39 PM
I'd be interested in a used card. 

I'm building a history of physical bitcoin items website (It's coming soon....)  Wink

One that's been cut open and cashed out?
88  Economy / Speculation / Re: It's just a minor correction - the bears are committing suicide at the gates on: April 10, 2013, 08:20:41 PM
50%+ is not a "minor correction", just for your future reference...

It is when you go up 85% in three days.  Price was 145 before bank transfers started hitting the system Sunday Afternoon US time.
89  Bitcoin / Bitcoin Discussion / Re: WTF? on: April 10, 2013, 08:12:36 PM
Why aren't these sites on Cloudflare? It's literally one of the easiest pieces of web infrastructure to setup.

Cloudfare works by caching pages.  That is good for static content, but incompatible with providing up-to-the-second data.
90  Economy / Service Discussion / Re: Why is MTGOX still running? on: April 10, 2013, 07:50:51 PM
If we're going to stop people from acting irrationally, shouldn't we also shut the market down when it goes up 25% in a 24 hour period, like it did yesterday?
91  Economy / Service Discussion / Re: Impossible to trade this, INSANITY! on: April 10, 2013, 05:31:22 PM
mtgox should suspend operations. this is NOT GOOD

And then what will happen when they announce they're resuming operations at 2:00 EDT?

A thousand people will place panic orders at the same time and there will be a bunch of lag.
92  Bitcoin / Bitcoin Discussion / Re: Memories of a Mania on: April 09, 2013, 08:29:13 PM
I'm sorry you typed all that.

The important thing is that we all now know that no one uses "websites" or "the Internet" anymore.

It actually is possible for a bubble to increase wealth.  As the OP mentioned there were a few survivors like Amazon and Ebay that actually did make the world a better place.  And a lot of infrastructure for the internet we have today got paid for by people investing during the bubble.  So yes some good did come out of the bubble, but not nearly as much as the wealth that was transerred into the bubble.

Same thing could happen with bitcoin.  It could crash back to 10 tomorrow and the bitcoin ecosystem would be a lot more developed than it was a year ago today, but there will still be a lot of people who lost significant amounts of money getting us there.
93  Bitcoin / Bitcoin Discussion / Re: Bitcoin Foundations conflict of interest on: April 09, 2013, 01:35:35 AM
So are you saying:

1) There should not be a Bitcoin Foundation or some other advocacy group for bitcoin.

or

2) There should be a Foundation, but it should be run by people who have absolutely no interest in bitcoin to avoid a conflict of interest.

?
94  Bitcoin / Bitcoin Discussion / NPR's Planet Money wants to interview Europeans who just started using BTC on: April 07, 2013, 11:56:55 PM
http://www.reddit.com/r/Bitcoin/comments/1bvp7f/nprs_planet_money_looking_for_new_bitcoin_users/

Any takers?
95  Economy / Speculation / Re: Time to buy now? on: April 07, 2013, 08:53:30 PM
Assuming you believe in some sort of fundamental value of bitcoin that's higher than it is now and aren't just trying to get rich quick...

Dollar Cost Averaging.

If you're interested in Bitcoin start putting in (say) 500 dollars a week.  If the price goes up you'll have some old coins that were cheap.  If it goes down, you can buy new coins cheap.

If the bubble pops in a month you'll still have $8,000.  If the price keeps doubling every week, you'll have $7500 worth of bitcoins bought for a total of $2,000.

It is still loosing money if bitcoin would gain value meantime higher than you expect. Since no one can know for sure what will happend, only thing we can do is to measure how much we can potentially gain or loose.

No it is not losing money if you don't buy before the price goes up.  It simply isn't gaining as much.  On the flip side the potential loss is also lower if the so-called bubble pops.  It's a risk mitigation strategy that allows you to follow the general trend of the market instead of trying to profit as a day trader.

Alternately you can do hours of weeks of research and technical analysis, listen to a bunch of people who think bitcoin is going to correct to 50 or shoot up to 1000, pick the exact perfect time you want to buy or sell, execute the trade, and still get it totally wrong and lose a bunch of money.
96  Economy / Speculation / Re: Time to buy now? on: April 07, 2013, 07:54:56 PM
Assuming you believe in some sort of fundamental value of bitcoin that's higher than it is now and aren't just trying to get rich quick...

Dollar Cost Averaging.

If you're interested in Bitcoin start putting in (say) 500 dollars a week.  If the price goes up you'll have some old coins that were cheap.  If it goes down, you can buy new coins cheap.

If the bubble pops in a month you'll still have $8,000.  If the price keeps doubling every week, you'll have $7500 worth of bitcoins bought for a total of $2,000.

Or if you like bitcoin but think we're in bubble territory, sell BTC on the way up the same way and hopefully rebuy for cheap later.
97  Economy / Speculation / Re: Time to buy now? on: April 07, 2013, 07:51:59 PM
Assuming you believe in some sort of fundamental value of bitcoin that's higher than it is now and aren't just trying to get rich quick...

Dollar Cost Averaging.

If you're interested in Bitcoin start putting in (say) 500 dollars a week.  If the price goes up you'll have some old coins that were cheap.  If it goes down, you can buy new coins cheap.

If the bubble pops in a month you'll still have $8,000.  If the price keeps doubling every week, you'll have $7500 worth of bitcoins bought for a total of $2,000.
98  Economy / Goods / Re: Before there were Casascius coins, there were bitbills on: April 07, 2013, 05:28:07 PM
pics?

And if I get an offer I like I'll throw in a (used) payee card.



99  Economy / Goods / Re: Selling 2 Watches on: April 07, 2013, 02:08:25 PM
Thanks for taking the time to post a picture, but I can't stand metal bracelets.
100  Economy / Goods / Before there were Casascius coins, there were bitbills on: April 07, 2013, 01:51:38 PM
Since there seems to be a collectors market developing for vintage Casascius coins, I was wondering if anyone was interested in collecting bitbills.  These were the original physical bitcoin.  I've got two 5 BTC bills.  Is there any collector interest?
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