Bitcoin Project will be making a major announcement in September

[benjamindees]

Okay, I'm ready to make my official guess:

Bitcoin bonds

That did come to mind when talk of bonds started escalating after the Bitfloor hack. Perfect timing, if I may say so myself.

~Bruno~

I wasn't even aware of that.  I was thinking of Bitcoinica and pirate, actually.

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[notme]

linking an account to an apple id would scale*


*i have no idea whether gavin et al, almost certainly including the CIA, have done a deal with apple to include a bitcoin friendly keypair in every embedded secure element in the iphone 5 out next week, using the well established apple id as a credential to access the keypair to transfer funds or make purchases on the app store.**

** no really i haven't, but wouldn't it be a good idea if they had. would save apple a buck or two in fees too. can't say it would add stability to the bitcoin price in the short term tho.

There is absolutely nothing that could possibly add stability to the bitcoin price in the short term because stability won't happen until we get well past $100/BTC.  Anything less is too small a market to be stable in an era of fiat money printing.

How did you come up with the $100 mark for stability?

Emphasis added ^

There is no magical point at $100, but with roughly 10 million BTC out there, $100/BTC would mean $1 billion total (making some wildly inaccurate assumptions about being able to actually sell all the bitcoins for spot price).  That's starting to be significant enough to be a little more stable.  Definitely more stable than the measly $100 million we've been bouncing around near.

I disagree. Even at $100/BTC, speculators would still be trying to figure out the 'true value' of BTC. Their idea of where that true value is could range from less than $100 to thousands of dollars per BTC. That is still a huge range for radical sentiment fluctuations. Plenty of room left for 'panic' buying and selling.

When at higher numbers, such as $100/BTC, going up/down a dollar or 2 isn't a big deal. But when you are at $11 and it drops to $9, that's big. Having it at higher amounts/BTC will cause it to be less volatile. I think that's how it works anyways. I'm no economist, just my opinion.

Right... higher price will be accompanied by much greater liquidity close to spot price in percentage terms.

[Elwar]

Found it:

http://blogs.marketwatch.com/thetell/2012/09/12/maybe-qe3-isnt-so-priced-in-survey-says/

Bitcoin is going to be involved in QE3 with help from Gavin, the CIA and the Fed.

Look for it tomorrow during the Fed meeting.

They have run out of ways to pump more money into the market so they are looking to Bitcoin to fill the gaps.

You heard it here first!

[Spekulatius]

Found it:

http://blogs.marketwatch.com/thetell/2012/09/12/maybe-qe3-isnt-so-priced-in-survey-says/

Bitcoin is going to be involved in QE3 with help from Gavin, the CIA and the Fed.

Look for it tomorrow during the Fed meeting.

They have run out of ways to pump more money into the market so they are looking to Bitcoin to fill the gaps.

You heard it here first!

..hmm..NO!

[World]

maybe this 
rap news: next one is going to be about bitcoin!

[Spekulatius]

maybe this 
rap news: next one is going to be about bitcoin!

..lets see what Jenny's gotta say about this:

[cypherdoc]

so the way this is going are we to expect this announcement will be made at the London Conf this weekend?

[LightRider]

http://www.federalreserve.gov/newsevents/press/monetary/20120913a.htm

SURPRISE!

[cbeast]

http://www.federalreserve.gov/newsevents/press/monetary/20120913a.htm

SURPRISE!

What is this, a bailout?

[arklan]

the article i saw it in on Reuters called it a stimulus.

[Severian]

The discount window from now:

[marcus_of_augustus]

[cbeast]

Could it be that the only way to tax the rich is to make their money (and every one else's) worthless?

[Jutarul]

Could it be that the only way to tax the rich is to make their money (and every one else's) worthless?

Are you talking about the issue of tax evasion?

[bg002h]

Love that site. Hadn't seen that before.

So, not much of an announcement to be made then? Didn't Gavin issue a somewhat deprecating post on the topic?  Either way, these guys are the true revolutionaries here...the devs and the business folks...it's fun to watch.

[herzmeister]

Could it be that the only way to tax the rich is to make their money (and every one else's) worthless?

gah, the rich have other assets.

at least we have more millionaires now. 

[kjj]

Maybe it has something to do with this:
http://theeconomiccollapseblog.com/archives/china-and-russia-are-ruthlessly-cutting-the-legs-out-from-under-the-u-s-dollar

(Link first posted here:)
https://bitcointalk.org/index.php?topic=106017.msg1189842#msg1189842

Except that this idiot thinks that people are holding dollars for trade.  FOREX takes less than a second.  If you want to make a major purchase, like a tanker full of oil, with dollars, but you don't have any, modern electronic currency trading allowed you to buy dollars and execute the trade in less time than it took to read this sentence.  Hell, by the time you were done with that sentence, the guy that you bought your oil from turned his dollars into whatever it was that he really wanted too.

Trade is not a "demand" on dollars that changes the price to any practical extent.  Only holding dollars does that.

[jimbobway]

Have way through the month.  Announcement...plz come soon!!!

[Piper67]

Tick-tock... Tick-tock... 

[malevolent]

Is the announcement going to be made during the Bitcoin conference today/tomorrow?