US Marshalls auction...what time will results/winner be announced today?

[jaredboice]

The level of hand waving and incoherence here is just mind-boggling.

"Still, for the purpose of what was brought up in this thread, which was a value vs. price discussion that really (whether it wanted to or not) was focused on ROI? "

I haven't learned anything about your distinction between Value and Price from this statement.  Were you trying to indicate that the subject has been changed?  Well the subject was initially "US Marhsalls auction....what time will results/winner be announced today" and then the OP leads that into his belief that Bitcoin would be a good buy at $280 (but not at current prices) yet he tries to identify himself as a bull.  That's a lot of psychological manipulation going on there.

"There is no guarantee that the network can, under certain types of attacks, retain this capitalization"

There's no guarantee that any stock or share of anything will retain anything at any time.  Bitcoin has been attacked every which way through DDoS attacks and media attacks galore numbering over 78+ "Bitcoin is Dead" type arguments that have been documented.  It's still up over 3 Million percent since its inception only 6 years ago when it was like $0.001, and that was after several boom and bust cycles already.  If you think that doesn't add support for its ability to survive in the future (ability, not guarantee) than I don't think you're being intellectually honest.  

"The volatility is there for a reason after all: thinly traded market, somewhat illiquid, less than fully professional services in key economic areas (exchanges in China, the largest market by far), worries about scams (like MMM this very moment)."

Yes, it's certainly thinly traded.  The MMM Ponzi scheme worries are being exaggerated by the media the same way they exaggerated 78+ articles that claim Bitcoin died over the past few years.  I'm not worried about these scams because I'm not participating in them.  The mainstream media loves to try to connect bitcoin to ISIS, and Ponzi Schemes, and Drug Dealers because that is the ugly dark side of bitcoin markets.  USD has far darker black markets than Bitcoin.  Bitcoin only has a $5 Billion market cap.  That's probably the profit margin of some of the drug dealing and ponzi scheming going on with US Dollars. To claim Bitcoin is only going up because of a ponzi scheme and not because it's a decentralized open source autonomous trustless value transmission system that has no borders or boundaries and can trade value virtually instantaneously for little to no fees, is trolling.

"Like I've said previously, my target is for this network to attain a value in the trillions - I believe that will happen (what a crazy bear I am!!!!!)"

Yet you betray yourself by saying things like thinking the government can kill Bitcoin easier than The Pirate Bay, and concerns that the Blocksize issue will destroy bitcoin, and that ponzi schemes are what's probably responsible for the current rise.  OK sure, what a Bull you are.   Sounds more like you're mixing bullish sentiment with bearish declarations to stir Fear, Uncertainty and Doubt (FUD).

"Certain models in network theory show that this is possible, the value of a network like this probably follows something similar to Zipf's Law - so, added adoption should have a massive impact on price/value... much more so than people can understand to be "sane". On a similar vein, I'm not too worried about distribution, as I believe Pareto distribution is going to take hold regardless... projects like NEM will find this out the hard way. Though, the GINI index for BTC is not something to be celebrated in its current form."

See you say something like this, adding a bunch of smart sounding words to make you sound like a well-researched bull, and then, immediately after:

"What I'm saying is, if your goal is ROI from THIS PONT FORWARDS, the utility of the BTC network could be compromised in a way that is maybe more extreme than the utility of PIRATEBAY under a similar scale of attack for each individual network."

     

"Destroying BTC is impossible, in my estimation. But, a very coordinated attack worries me from an adoption stand point - and thinking about ROI at this stage is more or less a bet that falls purely on the extent the network is adopted."

yes, everybody understands this.  You're adding absolutely nothing.  Of course when the network gets attacked, value is likely to go down and then rebound like it has so many times.  Is this guaranteed?  Absolutely not.  But we are all adults here.  We all understand nothing is guaranteed, but we can still seek substance for why we believe it will go a certain direction with a certain magnitude.

And you STILL haven't explained how exactly The Bitcoin Network could be killed easier than The Pirate bay.  In your last response, you basically just said That The Pirate bay is fairly resilient to attack but Bitcoin also is too, but the BTC Network "could be compromised in a way that is maybe more extreme than the utility of PIRATEBAY under a similar scale of attack for each individual network"

still without a single reason why!  AMAZING!  You wrote that long of a response WITHOUT A SINGLE ANSWER!!!  

For each individual network?  WTH are you talking about!?  How in the world is Pirate Bay going to be killed easier than an encrypted network with more distribution??

And PirateBay actually agrees with me!! Check out this article on how they discussed adopting bitcoin like properties, because:

"This means that blocking IP addresses, which UK ISPs have been ordered to do by courts, won’t work, as there is no central IP address to block."

https://recombu.com/digital/article/pirate-bay-bitcoin-p2p-network_M12668.html  

Bitcoin is referred to again in the following article on:

How The Pirate Bay Plans to Beat Censorship for Good
https://torrentfreak.com/how-the-pirate-bay-plans-to-beat-censorship-for-good-140105/

You see kids, you reallly can identify trolls and shills by how much they bloviate  
 

you like the word "substance", huh?

You like getting paid to troll huh, and present baseless bearish statements in the guise of a bull?

Yes I like the word substance, because I won't let up.  I will keep asking for supporting information and substance for your retarded statements.

Tell me again, why do you think Bitcoin should be easier for the government to kill than The Pirate Bay?  Let's hear some SUBSTANCE

[/quote]

Again! No Substance!  Just baseless bullshit yet again

[makeacake]

All it takes is one moderately sized country to accept bitcoin for another country's banning it to have little impact.  File sharing is illegal too, dumbass.  So are drugs.  How do they stop people from file sharing?  Happens every day on an extremely large scale.  The joke is on government and their banks

All it takes for pigs to fly is total and complete absence of gravity and/or a set of powerful wings. Sadly (for the pigs that is, not for the rest of us not interested in being pelted by pigshit), neither is any more likely to happen than a country adopting Bitcoin as its legal tender.

Regarding file sharing, you can't stop people from doing it completely -- you, for instance, will keep downloading warez forever, due to your angsty thieving nature.
But normal people? We pay people for their work instead of sharing stealing it like you do, Wild One

[rtrtcrypto]

-for the record, I agree with none of you.

 

[randy8777]

i am more interested in what the actual buying price was for the auctioned coins. don't think it's much higher or lower than the market price.

[jaredboice]

All it takes is one moderately sized country to accept bitcoin for another country's banning it to have little impact.  File sharing is illegal too, dumbass.  So are drugs.  How do they stop people from file sharing?  Happens every day on an extremely large scale.  The joke is on government and their banks

All it takes for pigs to fly is tota and complete absence of gravity and/or a set of powerful wings. Sadly (for the pigs, that is, not for the rest of us not interested in being pelted by pigshit), neither is any more likely to happen than a country adopting Bitcoin as its legal tender.

Regarding file sharing, you can't stop people from doing it completely -- you, for instance, will keep downloading warez forever, due to your angsty thieving nature.
But normal people? We pay people for their work instead of sharing stealing it like you do, Wild One

I didn't say "adopt it as legal tender" I said "accept it" It certainly doesn't need to be somehow officially recognized to be wildly successful.

Either way, making Bitcoin illegal will have about the same impact as stopping mad gunmen from opening fire in gun free zones, and it will be even less successful than making file sharing illegal

[rtrtcrypto]

I think we might hear from the loser of the auction. I think the price will have gone over market. Well over in fact. Buying that many coins, I think we will find out 400 is a losing bid on all blocks.

Let's see what happens on Monday. Something will leak.

i am more interested in what the actual buying price was for the auctioned coins. don't think it's much higher or lower than the market price.

[makeacake]

All it takes is one moderately sized country to accept bitcoin for another country's banning it to have little impact.  File sharing is illegal too, dumbass.  So are drugs.  How do they stop people from file sharing?  Happens every day on an extremely large scale.  The joke is on government and their banks

All it takes for pigs to fly is tota and complete absence of gravity and/or a set of powerful wings. Sadly (for the pigs, that is, not for the rest of us not interested in being pelted by pigshit), neither is any more likely to happen than a country adopting Bitcoin as its legal tender.

Regarding file sharing, you can't stop people from doing it completely -- you, for instance, will keep downloading warez forever, due to your angsty thieving nature.
But normal people? We pay people for their work instead of sharing stealing it like you do, Wild One

I didn't say "adopt it as legal tender" I said "accept it" It certainly doesn't need to be somehow officially recognized to be wildly successful.

Either way, making Bitcoin illegal will have about the same impact as stopping mad gunmen from opening fire in gun free zones, and it will be even less successful than making file sharing illegal

Most governments already let you to play with your tokens, just like you're free to invest in and trade BTCeanie BTCabies. As long as it remains mostly irrelevant, kept to crooks robbing other, dumber crooks, why should governments intervene? Which is not to say that as soon as bitcoiners get a dose of surprise buttsecs from their fellow crypto aficionados, they don't cry like little girls & run straight to Nanny State and her Jackbooted Thugs to make it all better.

As for 'mad gunmen in gun-free zones'? Please limit your rage to teh internets & try not to hurt IRL people, k Wild One?

[vuduchyld]

I have three poker chips from Harrah's Casino New Orleans. My daughter is playing with them right now. Says they are worth $1 each.

[jaredboice]

All it takes is one moderately sized country to accept bitcoin for another country's banning it to have little impact.  File sharing is illegal too, dumbass.  So are drugs.  How do they stop people from file sharing?  Happens every day on an extremely large scale.  The joke is on government and their banks

All it takes for pigs to fly is tota and complete absence of gravity and/or a set of powerful wings. Sadly (for the pigs, that is, not for the rest of us not interested in being pelted by pigshit), neither is any more likely to happen than a country adopting Bitcoin as its legal tender.

Regarding file sharing, you can't stop people from doing it completely -- you, for instance, will keep downloading warez forever, due to your angsty thieving nature.
But normal people? We pay people for their work instead of sharing stealing it like you do, Wild One

I didn't say "adopt it as legal tender" I said "accept it" It certainly doesn't need to be somehow officially recognized to be wildly successful.

Either way, making Bitcoin illegal will have about the same impact as stopping mad gunmen from opening fire in gun free zones, and it will be even less successful than making file sharing illegal

Most governments already let you to play with your tokens, just like you're free to invest in and trade BTCeanie BTCabies. As long as it remains mostly irrelevant, kept to crooks robbing other, dumber crooks, why should governments intervene? Which is not to say that as soon as bitcoiners get a dose of surprise buttsecs from their fellow crypto aficionados, they don't cry like little girls & run straight to Nanny State and her Jackbooted Thugs to make it all better.

As for 'mad gunmen in gun-free zones'? Please limit your rage to teh internets & try not to hurt IRL people, k Wild One?

Exactly, most governments already let you use Bitcoin. Mostly irrelevant??  Is that why Dell, Microsoft and PayPal are getting their feet wet with Bitcoin.  Maybe you haven't heard of those companies...

[jaredboice]

I have three poker chips from Harrah's Casino New Orleans. My daughter is playing with them right now. Says they are worth $1 each.

You know you can play Poker with Bitcoin?  Bitcoin is up over 3 Million percent since inception.  Because it's a decentralized open-source network that can transmit data and value virtually instantaneously for little to no fee with no borders or boundaries and all without a middleman (ie. criminal banks!)  No wonder it has gone up in value by 3 Million Percent in only 6 years.  No wonder the banks hire so many trolls and shills to talk trash about bitcoin up and down internet forums.  Because the banks are already obsolete.  Start counting your yachts assholes!  

[makeacake]

All it takes is one moderately sized country to accept bitcoin for another country's banning it to have little impact.  File sharing is illegal too, dumbass.  So are drugs.  How do they stop people from file sharing?  Happens every day on an extremely large scale.  The joke is on government and their banks

All it takes for pigs to fly is tota and complete absence of gravity and/or a set of powerful wings. Sadly (for the pigs, that is, not for the rest of us not interested in being pelted by pigshit), neither is any more likely to happen than a country adopting Bitcoin as its legal tender.

Regarding file sharing, you can't stop people from doing it completely -- you, for instance, will keep downloading warez forever, due to your angsty thieving nature.
But normal people? We pay people for their work instead of sharing stealing it like you do, Wild One

I didn't say "adopt it as legal tender" I said "accept it" It certainly doesn't need to be somehow officially recognized to be wildly successful.

Either way, making Bitcoin illegal will have about the same impact as stopping mad gunmen from opening fire in gun free zones, and it will be even less successful than making file sharing illegal

Most governments already let you to play with your tokens, just like you're free to invest in and trade BTCeanie BTCabies. As long as it remains mostly irrelevant, kept to crooks robbing other, dumber crooks, why should governments intervene? Which is not to say that as soon as bitcoiners get a dose of surprise buttsecs from their fellow crypto aficionados, they don't cry like little girls & run straight to Nanny State and her Jackbooted Thugs to make it all better.

As for 'mad gunmen in gun-free zones'? Please limit your rage to teh internets & try not to hurt IRL people, k Wild One?

Exactly, most governments already let you use Bitcoin. Mostly irrelevant??  Is that why Dell, Microsoft and PayPal are getting their feet wet with Bitcoin.  Maybe you haven't heard of those companies...

Mostly irrelevant because Bitcoin's market cap is roughly double net worth of Ty Warner -- the genius behind BTCeanie BTCbabies.

Mostly irrelevant because mentioned companies do not accept bitcoin, but rather USD.
"In other words, Dell, Expedia, Microsoft, and Time, Inc. don’t actually “accept” bitcoins, per se. They accept U.S. dollars. It’s their bitcoin processing partners who accept bitcoin."

Though, I must concede,there are a few markets where Bitcoin is making substantial inroads.
Take criminal-to-criminal payments, for instance.
"Europol said that, according to its data, bitcoin accounts for as much as 40% of criminal-to-criminal payments online."

Excelsior!

[jaredboice]

All it takes is one moderately sized country to accept bitcoin for another country's banning it to have little impact.  File sharing is illegal too, dumbass.  So are drugs.  How do they stop people from file sharing?  Happens every day on an extremely large scale.  The joke is on government and their banks

All it takes for pigs to fly is tota and complete absence of gravity and/or a set of powerful wings. Sadly (for the pigs, that is, not for the rest of us not interested in being pelted by pigshit), neither is any more likely to happen than a country adopting Bitcoin as its legal tender.

Regarding file sharing, you can't stop people from doing it completely -- you, for instance, will keep downloading warez forever, due to your angsty thieving nature.
But normal people? We pay people for their work instead of sharing stealing it like you do, Wild One

I didn't say "adopt it as legal tender" I said "accept it" It certainly doesn't need to be somehow officially recognized to be wildly successful.

Either way, making Bitcoin illegal will have about the same impact as stopping mad gunmen from opening fire in gun free zones, and it will be even less successful than making file sharing illegal

Most governments already let you to play with your tokens, just like you're free to invest in and trade BTCeanie BTCabies. As long as it remains mostly irrelevant, kept to crooks robbing other, dumber crooks, why should governments intervene? Which is not to say that as soon as bitcoiners get a dose of surprise buttsecs from their fellow crypto aficionados, they don't cry like little girls & run straight to Nanny State and her Jackbooted Thugs to make it all better.

As for 'mad gunmen in gun-free zones'? Please limit your rage to teh internets & try not to hurt IRL people, k Wild One?

Exactly, most governments already let you use Bitcoin. Mostly irrelevant??  Is that why Dell, Microsoft and PayPal are getting their feet wet with Bitcoin.  Maybe you haven't heard of those companies...

Mostly irrelevant because Bitcoin's market cap is roughly double net worth of Ty Warner -- the genius behind BTCeanie BTCbabies.

Mostly irrelevant because mentioned companies do not accept bitcoin, but rather USD.
"In other words, Dell, Expedia, Microsoft, and Time, Inc. don’t actually “accept” bitcoins, per se. They accept U.S. dollars. It’s their bitcoin processing partners who accept bitcoin."

Though, I must concede,there are a few markets where Bitcoin is making substantial inroads.
Take criminal-to-criminal payments, for instance.
"Europol said that, according to its data, bitcoin accounts for as much as 40% of criminal-to-criminal payments online."

Excelsior!

Going from a market cap of $0 to $5 Billion in 6 years for something that was started by a bunch of geeks and talked down upon by the media is an enormous gain by any standard.  What was Apple's market cap after 6 years?  I'm curious?

here's what I do know.  Apple was founded in 1976.  In 1983 their annual revenue was $1 Billion Dollars.  In 1996, (20 years later) their market cap began declining from $10 Billion.  Bitcoin touched $10 Billion in the first 5 years LOL.  And there's plenty of room to grow considering that currencies are comprised of Trillion Dollar markets.

It's also a big step that you can pay for things with Bitcoin regardless of whether or not the currency is being instantly converted.  The more places that you can spend bitcoin (by any method) the more comfortable businesses and individuals will start getting to the idea of bitcoin in general.  Eventually, conversions won't even be necessary.  Because why convert when you can make up to thousand percent gains holding bitcoins for a few years.

And, lastly, Bitcoin has a LONG way to go to catch up to the criminal usage of the US Dollar, which is surely measured in the hundreds of billions!  

Say hi to your other troll friends for me...that is if they're not all being used by the same account holder.  

[makeacake]

All it takes is one moderately sized country to accept bitcoin for another country's banning it to have little impact.  File sharing is illegal too, dumbass.  So are drugs.  How do they stop people from file sharing?  Happens every day on an extremely large scale.  The joke is on government and their banks

All it takes for pigs to fly is tota and complete absence of gravity and/or a set of powerful wings. Sadly (for the pigs, that is, not for the rest of us not interested in being pelted by pigshit), neither is any more likely to happen than a country adopting Bitcoin as its legal tender.

Regarding file sharing, you can't stop people from doing it completely -- you, for instance, will keep downloading warez forever, due to your angsty thieving nature.
But normal people? We pay people for their work instead of sharing stealing it like you do, Wild One

I didn't say "adopt it as legal tender" I said "accept it" It certainly doesn't need to be somehow officially recognized to be wildly successful.

Either way, making Bitcoin illegal will have about the same impact as stopping mad gunmen from opening fire in gun free zones, and it will be even less successful than making file sharing illegal

Most governments already let you to play with your tokens, just like you're free to invest in and trade BTCeanie BTCabies. As long as it remains mostly irrelevant, kept to crooks robbing other, dumber crooks, why should governments intervene? Which is not to say that as soon as bitcoiners get a dose of surprise buttsecs from their fellow crypto aficionados, they don't cry like little girls & run straight to Nanny State and her Jackbooted Thugs to make it all better.

As for 'mad gunmen in gun-free zones'? Please limit your rage to teh internets & try not to hurt IRL people, k Wild One?

Exactly, most governments already let you use Bitcoin. Mostly irrelevant??  Is that why Dell, Microsoft and PayPal are getting their feet wet with Bitcoin.  Maybe you haven't heard of those companies...

Mostly irrelevant because Bitcoin's market cap is roughly double net worth of Ty Warner -- the genius behind BTCeanie BTCbabies.

Mostly irrelevant because mentioned companies do not accept bitcoin, but rather USD.
"In other words, Dell, Expedia, Microsoft, and Time, Inc. don’t actually “accept” bitcoins, per se. They accept U.S. dollars. It’s their bitcoin processing partners who accept bitcoin."

Though, I must concede,there are a few markets where Bitcoin is making substantial inroads.
Take criminal-to-criminal payments, for instance.
"Europol said that, according to its data, bitcoin accounts for as much as 40% of criminal-to-criminal payments online."

Excelsior!

Going from a market cap of $0 to $5 Billion in 6 years for something that was started by a bunch of geeks and talked down upon by the media is an enormous gain by any standard.  What was Apple's market cap after 6 years?  I'm curious?

here's what I do know.  Apple was founded in 1976.  In 1983 their annual revenue was $1 Billion Dollars.  In 1996, (20 years later) their market cap began declining from $10 Billion.  Bitcoin touched $10 Billion in the first 5 years LOL.  And there's plenty of room to grow considering that currencies are comprised of Trillion Dollar markets.

It's also a big step that you can pay for things with Bitcoin regardless of whether or not the currency is being instantly converted.  The more places that you can spend bitcoin (by any method) the more comfortable businesses and individuals will start getting to the idea of bitcoin in general.  Eventually, conversions won't even be necessary.  Because why convert when you can make up to thousand percent gains holding bitcoins for a few years.

And, lastly, Bitcoin has a LONG way to go to catch up to the criminal usage of the US Dollar, which is surely measured in the hundreds of billions!  

Say hi to your other troll friends for me...that is if they're not all being used by the same account holder.  

Lol, @ all the backpedaling, 'Going from a market cap of $0 to $5 Billion in 6 years for something that was started by a bunch of geeks.'
Sure, when you start from nothing and end up with something, that's impressive; infinite % growth. That's also how every ponzi in the world works. Tho over the last 2 years, bit-coin has already lost 2/3 of its value on its way to zero.
For dust thou art, and unto dust shalt thou return

To put your 5 billion in perspective, the first iteration of Sergei Mavrodi's MMM ponzi snagged $10 Billion, so satoshi's paper $5 Billion is just meh. Sure, better than the shit ponzis created on bitcointalk, but meh nevertheless. And Bitcoin's 'market cap' is pure paper -- Bitcoin price would implode if someone tried to sell as little as, oh, a million bitcoins

As far as catching up to fiat's real money's criminal usage, compare Bitcoin's 5 billion 'market cap' to real money's $25 trillion. 5 million times more fiat, and yet "bitcoin accounts for as much as 40% of criminal-to-criminal payments online."

[jaredboice]

All it takes is one moderately sized country to accept bitcoin for another country's banning it to have little impact.  File sharing is illegal too, dumbass.  So are drugs.  How do they stop people from file sharing?  Happens every day on an extremely large scale.  The joke is on government and their banks

All it takes for pigs to fly is tota and complete absence of gravity and/or a set of powerful wings. Sadly (for the pigs, that is, not for the rest of us not interested in being pelted by pigshit), neither is any more likely to happen than a country adopting Bitcoin as its legal tender.

Regarding file sharing, you can't stop people from doing it completely -- you, for instance, will keep downloading warez forever, due to your angsty thieving nature.
But normal people? We pay people for their work instead of sharing stealing it like you do, Wild One

I didn't say "adopt it as legal tender" I said "accept it" It certainly doesn't need to be somehow officially recognized to be wildly successful.

Either way, making Bitcoin illegal will have about the same impact as stopping mad gunmen from opening fire in gun free zones, and it will be even less successful than making file sharing illegal

Most governments already let you to play with your tokens, just like you're free to invest in and trade BTCeanie BTCabies. As long as it remains mostly irrelevant, kept to crooks robbing other, dumber crooks, why should governments intervene? Which is not to say that as soon as bitcoiners get a dose of surprise buttsecs from their fellow crypto aficionados, they don't cry like little girls & run straight to Nanny State and her Jackbooted Thugs to make it all better.

As for 'mad gunmen in gun-free zones'? Please limit your rage to teh internets & try not to hurt IRL people, k Wild One?

Exactly, most governments already let you use Bitcoin. Mostly irrelevant??  Is that why Dell, Microsoft and PayPal are getting their feet wet with Bitcoin.  Maybe you haven't heard of those companies...

Mostly irrelevant because Bitcoin's market cap is roughly double net worth of Ty Warner -- the genius behind BTCeanie BTCbabies.

Mostly irrelevant because mentioned companies do not accept bitcoin, but rather USD.
"In other words, Dell, Expedia, Microsoft, and Time, Inc. don’t actually “accept” bitcoins, per se. They accept U.S. dollars. It’s their bitcoin processing partners who accept bitcoin."

Though, I must concede,there are a few markets where Bitcoin is making substantial inroads.
Take criminal-to-criminal payments, for instance.
"Europol said that, according to its data, bitcoin accounts for as much as 40% of criminal-to-criminal payments online."

Excelsior!

Going from a market cap of $0 to $5 Billion in 6 years for something that was started by a bunch of geeks and talked down upon by the media is an enormous gain by any standard.  What was Apple's market cap after 6 years?  I'm curious?

here's what I do know.  Apple was founded in 1976.  In 1983 their annual revenue was $1 Billion Dollars.  In 1996, (20 years later) their market cap began declining from $10 Billion.  Bitcoin touched $10 Billion in the first 5 years LOL.  And there's plenty of room to grow considering that currencies are comprised of Trillion Dollar markets.

It's also a big step that you can pay for things with Bitcoin regardless of whether or not the currency is being instantly converted.  The more places that you can spend bitcoin (by any method) the more comfortable businesses and individuals will start getting to the idea of bitcoin in general.  Eventually, conversions won't even be necessary.  Because why convert when you can make up to thousand percent gains holding bitcoins for a few years.

And, lastly, Bitcoin has a LONG way to go to catch up to the criminal usage of the US Dollar, which is surely measured in the hundreds of billions!  

Say hi to your other troll friends for me...that is if they're not all being used by the same account holder.  

Lol, @ all the backpedaling, 'Going from a market cap of $0 to $5 Billion in 6 years for something that was started by a bunch of geeks.'
Sure, when you start from nothing and end up with something, that's impressive; infinite % growth. That's also how every ponzi in the world works. Tho over the last 2 years, bit-coin has already lost 2/3 of its value on its way to zero.
For dust thou art, and unto dust shalt thou return

To put your 5 billion in perspective, the first iteration of Sergei Mavrodi's MMM ponzi snagged $10 Billion, so satoshi's paper $5 Billion is just meh. Sure, better than the shit ponzis created on bitcointalk, but meh nevertheless. And Bitcoin's 'market cap' is pure paper -- Bitcoin price would implode if someone tried to sell as little as, oh, a million bitcoins

As far as catching up to fiat's real money's criminal usage, compare Bitcoin's 5 billion 'market cap' to real money's $25 trillion. 5 million times more fiat, and yet "bitcoin accounts for as much as 40% of criminal-to-criminal payments online."

Backpedaling?? Have you taken your meds today?   You were all acting like Bitcoin is insignificant.  Yet it has grown like 5 times faster than Apple did in its first decade.  Bitcoin could only be a ponzi scheme if every currency on the planet is a ponzi scheme. Bitcoin just happens to do currency better than governments can (not to mention currency is only one particular function served by Bitcoin, it also functions as a trustless, secure data storage and retrieval system, but I digress.)  Because it's a decentralized open-source network that can transmit data and value virtually instantaneously for little to no fee with no borders or boundaries and all without a middleman (ie. criminal banks!)  No wonder it has gone up in value by 3 Million Percent in only 6 years. Find me a ponzi scheme with fundamentals that strong and you can call me susan.

Bitcoin lost nearly 85% of its value after every previous bull & bear market cycle.  And then, after each downtrend, it eventually turns around and passes it's previous all-time-high by many multiples!  We are still up wayyyy over 3 Million Percent since 6 years ago and we're up over $200 from the bottom of this cycle (around $150-ish) several months ago.  The Bitcoin charts are exhibiting tendencies of a market cycle that has ended its bear trend and now, with a greater distribution of bitcoins after all the selling, it appears to be entering into the next bull cycle  

Send my condolences to your bankster employers  
The Death of Central Banks is nigh

[peter378]

I think we might hear from the loser of the auction. I think the price will have gone over market. Well over in fact. Buying that many coins, I think we will find out 400 is a losing bid on all blocks.

Let's see what happens on Monday. Something will leak.

i am more interested in what the actual buying price was for the auctioned coins. don't think it's much higher or lower than the market price.

Have we found out what one winner paid out of any of the auctions? Tim Draper wouldn't say and I can only remember a few losing bidders who disclosed what they bid. I don't think any of this auction's winners will disclose what they bid, one or two losing bidders might.

[rtrtcrypto]

No, I don't remember winning prices. But, we got past losing bids. I think that will leak again.

Let's see.

I think we might hear from the loser of the auction. I think the price will have gone over market. Well over in fact. Buying that many coins, I think we will find out 400 is a losing bid on all blocks.

Let's see what happens on Monday. Something will leak.

i am more interested in what the actual buying price was for the auctioned coins. don't think it's much higher or lower than the market price.

Have we found out what one winner paid out of any of the auctions? Tim Draper wouldn't say and I can only remember a few losing bidders who disclosed what they bid. I don't think any of this auction's winners will disclose what they bid, one or two losing bidders might.

[jaredboice]

I think we might hear from the loser of the auction. I think the price will have gone over market. Well over in fact. Buying that many coins, I think we will find out 400 is a losing bid on all blocks.

Let's see what happens on Monday. Something will leak.

i am more interested in what the actual buying price was for the auctioned coins. don't think it's much higher or lower than the market price.

Have we found out what one winner paid out of any of the auctions? Tim Draper wouldn't say and I can only remember a few losing bidders who disclosed what they bid. I don't think any of this auction's winners will disclose what they bid, one or two losing bidders might.

For me, all that matters is that artificial sell pressure (by selling seized coins that likely wouldn't have all been for sale) has been diminished further.  FBI has that many less coins to artificially "increase supply" with moving forward.  

[makeacake]

All it takes is one moderately sized country to accept bitcoin for another country's banning it to have little impact.  File sharing is illegal too, dumbass.  So are drugs.  How do they stop people from file sharing?  Happens every day on an extremely large scale.  The joke is on government and their banks

All it takes for pigs to fly is tota and complete absence of gravity and/or a set of powerful wings. Sadly (for the pigs, that is, not for the rest of us not interested in being pelted by pigshit), neither is any more likely to happen than a country adopting Bitcoin as its legal tender.

Regarding file sharing, you can't stop people from doing it completely -- you, for instance, will keep downloading warez forever, due to your angsty thieving nature.
But normal people? We pay people for their work instead of sharing stealing it like you do, Wild One

I didn't say "adopt it as legal tender" I said "accept it" It certainly doesn't need to be somehow officially recognized to be wildly successful.

Either way, making Bitcoin illegal will have about the same impact as stopping mad gunmen from opening fire in gun free zones, and it will be even less successful than making file sharing illegal

Most governments already let you to play with your tokens, just like you're free to invest in and trade BTCeanie BTCabies. As long as it remains mostly irrelevant, kept to crooks robbing other, dumber crooks, why should governments intervene? Which is not to say that as soon as bitcoiners get a dose of surprise buttsecs from their fellow crypto aficionados, they don't cry like little girls & run straight to Nanny State and her Jackbooted Thugs to make it all better.

As for 'mad gunmen in gun-free zones'? Please limit your rage to teh internets & try not to hurt IRL people, k Wild One?

Exactly, most governments already let you use Bitcoin. Mostly irrelevant??  Is that why Dell, Microsoft and PayPal are getting their feet wet with Bitcoin.  Maybe you haven't heard of those companies...

Mostly irrelevant because Bitcoin's market cap is roughly double net worth of Ty Warner -- the genius behind BTCeanie BTCbabies.

Mostly irrelevant because mentioned companies do not accept bitcoin, but rather USD.
"In other words, Dell, Expedia, Microsoft, and Time, Inc. don’t actually “accept” bitcoins, per se. They accept U.S. dollars. It’s their bitcoin processing partners who accept bitcoin."

Though, I must concede,there are a few markets where Bitcoin is making substantial inroads.
Take criminal-to-criminal payments, for instance.
"Europol said that, according to its data, bitcoin accounts for as much as 40% of criminal-to-criminal payments online."

Excelsior!

Going from a market cap of $0 to $5 Billion in 6 years for something that was started by a bunch of geeks and talked down upon by the media is an enormous gain by any standard.  What was Apple's market cap after 6 years?  I'm curious?

here's what I do know.  Apple was founded in 1976.  In 1983 their annual revenue was $1 Billion Dollars.  In 1996, (20 years later) their market cap began declining from $10 Billion.  Bitcoin touched $10 Billion in the first 5 years LOL.  And there's plenty of room to grow considering that currencies are comprised of Trillion Dollar markets.

It's also a big step that you can pay for things with Bitcoin regardless of whether or not the currency is being instantly converted.  The more places that you can spend bitcoin (by any method) the more comfortable businesses and individuals will start getting to the idea of bitcoin in general.  Eventually, conversions won't even be necessary.  Because why convert when you can make up to thousand percent gains holding bitcoins for a few years.

And, lastly, Bitcoin has a LONG way to go to catch up to the criminal usage of the US Dollar, which is surely measured in the hundreds of billions!  

Say hi to your other troll friends for me...that is if they're not all being used by the same account holder.  

Lol, @ all the backpedaling, 'Going from a market cap of $0 to $5 Billion in 6 years for something that was started by a bunch of geeks.'
Sure, when you start from nothing and end up with something, that's impressive; infinite % growth. That's also how every ponzi in the world works. Tho over the last 2 years, bit-coin has already lost 2/3 of its value on its way to zero.
For dust thou art, and unto dust shalt thou return

To put your 5 billion in perspective, the first iteration of Sergei Mavrodi's MMM ponzi snagged $10 Billion, so satoshi's paper $5 Billion is just meh. Sure, better than the shit ponzis created on bitcointalk, but meh nevertheless. And Bitcoin's 'market cap' is pure paper -- Bitcoin price would implode if someone tried to sell as little as, oh, a million bitcoins

As far as catching up to fiat's real money's criminal usage, compare Bitcoin's 5 billion 'market cap' to real money's $25 trillion. 5 million times more fiat, and yet "bitcoin accounts for as much as 40% of criminal-to-criminal payments online."

I got nothing, guess I'll just bloviate...

For me, all that matters is that artificial sell pressure (by selling seized coins that likely wouldn't have all been for sale) has been diminished further.  FBI has that many less coins to artificially "increase supply" with moving forward.

Hey, did you forget about GOXcoin disgorgement?  And, since "bitcoin accounts for as much as 40% of criminal-to-criminal payments online," all Teh Man has to do is keep busting you, taking away your coins, and then selling them back to you. Profit!

[jaredboice]

All it takes is one moderately sized country to accept bitcoin for another country's banning it to have little impact.  File sharing is illegal too, dumbass.  So are drugs.  How do they stop people from file sharing?  Happens every day on an extremely large scale.  The joke is on government and their banks

All it takes for pigs to fly is tota and complete absence of gravity and/or a set of powerful wings. Sadly (for the pigs, that is, not for the rest of us not interested in being pelted by pigshit), neither is any more likely to happen than a country adopting Bitcoin as its legal tender.

Regarding file sharing, you can't stop people from doing it completely -- you, for instance, will keep downloading warez forever, due to your angsty thieving nature.
But normal people? We pay people for their work instead of sharing stealing it like you do, Wild One

I didn't say "adopt it as legal tender" I said "accept it" It certainly doesn't need to be somehow officially recognized to be wildly successful.

Either way, making Bitcoin illegal will have about the same impact as stopping mad gunmen from opening fire in gun free zones, and it will be even less successful than making file sharing illegal

Most governments already let you to play with your tokens, just like you're free to invest in and trade BTCeanie BTCabies. As long as it remains mostly irrelevant, kept to crooks robbing other, dumber crooks, why should governments intervene? Which is not to say that as soon as bitcoiners get a dose of surprise buttsecs from their fellow crypto aficionados, they don't cry like little girls & run straight to Nanny State and her Jackbooted Thugs to make it all better.

As for 'mad gunmen in gun-free zones'? Please limit your rage to teh internets & try not to hurt IRL people, k Wild One?

Exactly, most governments already let you use Bitcoin. Mostly irrelevant??  Is that why Dell, Microsoft and PayPal are getting their feet wet with Bitcoin.  Maybe you haven't heard of those companies...

Mostly irrelevant because Bitcoin's market cap is roughly double net worth of Ty Warner -- the genius behind BTCeanie BTCbabies.

Mostly irrelevant because mentioned companies do not accept bitcoin, but rather USD.
"In other words, Dell, Expedia, Microsoft, and Time, Inc. don’t actually “accept” bitcoins, per se. They accept U.S. dollars. It’s their bitcoin processing partners who accept bitcoin."

Though, I must concede,there are a few markets where Bitcoin is making substantial inroads.
Take criminal-to-criminal payments, for instance.
"Europol said that, according to its data, bitcoin accounts for as much as 40% of criminal-to-criminal payments online."

Excelsior!

Going from a market cap of $0 to $5 Billion in 6 years for something that was started by a bunch of geeks and talked down upon by the media is an enormous gain by any standard.  What was Apple's market cap after 6 years?  I'm curious?

here's what I do know.  Apple was founded in 1976.  In 1983 their annual revenue was $1 Billion Dollars.  In 1996, (20 years later) their market cap began declining from $10 Billion.  Bitcoin touched $10 Billion in the first 5 years LOL.  And there's plenty of room to grow considering that currencies are comprised of Trillion Dollar markets.

It's also a big step that you can pay for things with Bitcoin regardless of whether or not the currency is being instantly converted.  The more places that you can spend bitcoin (by any method) the more comfortable businesses and individuals will start getting to the idea of bitcoin in general.  Eventually, conversions won't even be necessary.  Because why convert when you can make up to thousand percent gains holding bitcoins for a few years.

And, lastly, Bitcoin has a LONG way to go to catch up to the criminal usage of the US Dollar, which is surely measured in the hundreds of billions!  

Say hi to your other troll friends for me...that is if they're not all being used by the same account holder.  

Lol, @ all the backpedaling, 'Going from a market cap of $0 to $5 Billion in 6 years for something that was started by a bunch of geeks.'
Sure, when you start from nothing and end up with something, that's impressive; infinite % growth. That's also how every ponzi in the world works. Tho over the last 2 years, bit-coin has already lost 2/3 of its value on its way to zero.
For dust thou art, and unto dust shalt thou return

To put your 5 billion in perspective, the first iteration of Sergei Mavrodi's MMM ponzi snagged $10 Billion, so satoshi's paper $5 Billion is just meh. Sure, better than the shit ponzis created on bitcointalk, but meh nevertheless. And Bitcoin's 'market cap' is pure paper -- Bitcoin price would implode if someone tried to sell as little as, oh, a million bitcoins

As far as catching up to fiat's real money's criminal usage, compare Bitcoin's 5 billion 'market cap' to real money's $25 trillion. 5 million times more fiat, and yet "bitcoin accounts for as much as 40% of criminal-to-criminal payments online."

I got nothing, guess I'll just bloviate...

For me, all that matters is that artificial sell pressure (by selling seized coins that likely wouldn't have all been for sale) has been diminished further.  FBI has that many less coins to artificially "increase supply" with moving forward.

Hey, did you forget about GOXcoin disgorgement?  And, since "bitcoin accounts for as much as 40% of criminal-to-criminal payments online," all Teh Man has to do is keep busting you, taking away your coins, and then selling them back to you. Profit!

Hey, did you forget that we're $225 higher than where we were several months ago?  Obviously the market is not so discouraged about what happened at Mt. Gox 2 years ago.  

Even if your metrics on the amount of criminal activity funded through bitcoin was correct, it is still hundreds of billions of dollars less than criminal activity that is funded with US Dollars.  It's absolutely no contest, mate.  

Here are several links about HSBC being fined for laundering billions of dollars for terrorists and drug cartels.  According to your own reasoning, US Dollars should be dumped immediately because it supports a hell of a lot of criminal activity.  

http://www.theguardian.com/business/2012/jul/17/hsbc-executive-resigns-senate
http://www.forbes.com/sites/afontevecchia/2012/07/16/hsbc-helped-terrorists-iran-mexican-drug-cartels-launder-money-senate-report-says/

And it's not so easy for the government to steal bitcoins.  You do realize they had to go to the library in disguise and wait for ross ulbricht to enter his password before they raided him?  If Ross had decided to surf porn that day instead, they would not have been able to take anything.  A valuable lesson has been learned.  If you're concerned about your private keys, keep your laptop/computer/trezor/paper wallet in a private place.  It would be much easier for the government (or any hacker) to take funds out of your bank account.

So how do you like trolling for the banks?  Do they pay you in bitcoin to talk trash? Or do they just counterfeit new dollars from the printing press and pay you with those devalued notes?  

[Guido]

it's looking like the prices paid at the auction are already known and leaked to the bigger players, or the players bidding in first place pumped to dump, then they will release price paid, significantly below price now and we will have a further CARSH

I would look to optimistic side and think price could be being manipulated donw now to accumalate based on a onday rally but record low of only 11 bidders were involved in auction
not looking good and imo we could see below 300 this week coming