rpietila public diary -- Episode II

[bitrider]

And the journey continues...Thank you, Risto. Well done.

[2dogs]

If you are heavy in bitcoin, and especially if this is your first bubble, I would ask you to consider if you still feel good if the price goes to $0.3 or $0.4. Otherwise it might be a time to sell a fraction of the holdings now at the record prices.

For those new in bitcoin, this is a very good time to enter with experimental/speculative funds, and buy more when the price goes down.

I do not suggest daytrading bitcoin to anyone: like all speculative markets, it is heavily manipulated, you pay fees, waste valuable time playing a zero-sum game and generally end up on the losing side of the trade. Optimally you only accumulate bitcoin until you have enough (never sell), and once you have enough, you gradually start to sell/buy things with it (and never buy back coins). This minimizes the problems outlined above.

Thank you for all the wonderful community and contributors!

Thanks, rpietila - wise words, indeed!

[AnonyMint]

Another photo update on the typhoon donations.

This was the family from northern bohol whose home collapsed during the recent Bohol earthquake, then was battered by the typhoon also.

The $500 donated funds are rebuilding their home as shown.

You can see the damaged wall and the mangled steel rebar.

[outofservice]

Another photo update on the typhoon donations.

This was the family from northern bohol whose home collapsed during the recent Bohol earthquake, then was battered by the typhoon also.

The $500 donated funds are rebuilding their home as shown.

You can see the damaged wall and the mangled steel rebar.

I've been to Bohol, stayed in Alona Beach. Beautiful island, laid-back, fun and great diving!
If I wasn't broke (went a little to crazy this yr for christmas) I'd like to donate as well.

Are you donating directly or though an organization? If I was to donate it would have to be direct, I don't trust organizations, they skim and rob the funds.

[AnonyMint]

Are you donating directly or though an organization? If I was to donate it would have to be direct, I don't trust organizations, they skim and rob the funds.

I am distributing directly to needy based on my individual evaluations of need, some donations from Risto and those Risto received from others.

Although it appears I was unable to distribute all of the donations and will be returning 2/3 of them.

[AnonyMint]

Our most substantial photo update on the typhoon donations.

The is the Masbate beach house made of concrete but entirely lost the roof. Now thanks to the donations, they have shiny brand new roof and can move back into the house. Congrats to donators we have clear win here!

[BitDreams]

Powerful testament to Bitcoin and its supporters.

[Apraksin]

Been some splendid reading, Eagerly awaiting episode III.

[AnonyMint]

Here is relief distributed to those in Naval, Biliran (2 hours drive over bridge from the Tacloban news epicenter) for those in the pictures of destruction I had shared upthread. The lady and her mother are doing this distribution for me, as shown in the photos where her Mom is handing out the rice. Also see we have another new roof being installed. I think you can see some of the culture of close community "togetherness" in these photos.

This does not include the two completely destroyed houses in Biliran hopefully being partially rebuilt, which were different recipients.

I had stalled further distribution of BTC because I needed to see results that match the 11-12 BTC already distributed. I am starting to see results, but insufficient thus far on the aggregate. Nevertheless some laudable results thus far.

[thoughtfan]

May I draw to the attention of the astute minds who frequent this topic to a challenge I am posting on reddit: that of making Bitcoins a feasible solution to remittances on the Philippines?

[vokain]

May I draw to the attention of the astute minds who frequent this topic to a challenge I am posting on reddit: that of making Bitcoins a feasible solution to remittances on the Philippines?

Answer: p2p

[AnonyMint]

More typhoon donations photos from Leyte





I don't know why some of the photos upthread are not displaying. You can quote the messages and get the links and load them into your browser to see them.

[dopey]

This thread made my day!

I really respect what you guys are doing. Please keep up the great work:)

[AnonyMint]

Update on the situation in Tacloban. I am in communication now with people there.

There is no power at night. Mostly still using generators, so expensive to just charge the battery on the cell phone. Fuel is 7 - 10 times higher in price than else where in the country. Food is still scarce and expensive. Internet access is so slow to be basically unusable.

The political fighting between the Aquino and Marcos clans continues (Samar and Leyte are historically Imelda's territory). This is apparently the reason there wasn't much development on those two islands as compared to Cebu. Ditto Zamboanga and Cotabato, but different political clans and also the Muslim issue.

In addition to the Bohol earthquake and the Pablo devastation of eastern Mindanao at end of 2012, this month we had a low pressure area and tropical depression over eastern Mindanao for 2 weeks of nearly non-stop rain. Thus more devastation due to flooding and mudslides. People were unable work, more crops destroyed.

Many people are dying from these conditions which are not reported in the 6000+ figure of deaths from Yolanda which itself continues to grow by 3 bloated bodies found per day in Tacloban alone. One lady text me today to say her father died in Samar last night. They can't obtain their usual diet of vegetables and fish. The fuel is too expensive and the boats are destroyed.