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FNG
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September 28, 2013, 11:56:29 AM |
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Yeah, his price today was $133, which satisfies me. How can I sell them to him? This BIT will almost certainly utilize fractional reserve, as all the similar gold and silver entities have done, and act as an agent of price manipulation. (If not, the relevant authorities will shoot it down or make sure it won't even launch.) Doubtful. He's a self proclaimed bitcoin enthusiast and is fairly obsessed with it. The fund will not only bring his company money via fees but also drive up the pile of his stash. I don't know if he's buying at the moment but if interest is high in his fund he may be. Contact him via twitter or his website would probably be the best way. |
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wachtwoord
Legendary
 Offline
Activity: 2324
Merit: 1125
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September 28, 2013, 12:50:37 PM |
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Buffett says that it is profitable to diversify, if you don't know what to do. Perhaps I don't...
Buffet never said such a thing because it isn't true. Diversification is for risk reduction at the cost of profitability. So basically the exact opposite of your statement  |
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Tzupy
Legendary
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Activity: 2128
Merit: 1074
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September 28, 2013, 01:58:00 PM |
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Actually, if two months from now, silver will be worth 10% more and BTC 25% less, it's going to be quite profitable for him.
He'll just sell the silver and buy more coins.
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RationalSpeculator
Sr. Member
Offline
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
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September 28, 2013, 02:20:59 PM |
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Actually, if two months from now, silver will be worth 10% more and BTC 25% less, it's going to be quite profitable for him.
He'll just sell the silver and buy more coins.
I have similar positions and plans. Fingers crossed as it is risky. |
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RationalSpeculator
Sr. Member
Offline
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
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September 28, 2013, 02:22:08 PM |
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Buffett says that it is profitable to diversify, if you don't know what to do. Perhaps I don't...
Buffet never said such a thing because it isn't true. Diversification is for risk reduction at the cost of profitability. So basically the exact opposite of your statement So true. Let's keep Buffet out though, he's getting old. |
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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September 28, 2013, 05:15:40 PM |
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That awkward moment when you realize rpietila now falls into the modest category in comparison.
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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September 28, 2013, 06:04:06 PM |
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Zerocoin will only happen in the form of an altcoin.
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uyo
Newbie
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Activity: 36
Merit: 0
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September 28, 2013, 06:19:22 PM |
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This BIT will almost certainly utilize fractional reserve, as all the similar gold and silver entities have done, and act as an agent of price manipulation. (If not, the relevant authorities will shoot it down or make sure it won't even launch.)
He stated himself that they are providing investors the appropriate tools (bitcoin addresses) to prove that the bitcoins are there. It's up to the investors to keep him honest, but with Bitcoin its so easy. That'll get leaked. For sure. Once enough HNW individuals figure out that infos about the activity of their investments can be leaked via traffic analysis that anyone can to—they'll all be clamoring for Zerocoin. Or they'll just invest in funds like BIT, where their individual activity leaves no trace in blockchain. The BIT wallets would though. And the'll be wanting to close that leak except to the select who have signed NDA's. A lot of their investors will want that potential leak closed to the public as well. Yes, I misunderstood Holliday's post, and realized that only after I hit the Post button... |
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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September 28, 2013, 06:25:20 PM |
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Zerocoin will only happen in the form of an altcoin.
In that case, it will be interesting to see what happens with whichever alt adopts the protocols. Zerocoin does not give you free anonymity. For that, you also have to add in random time delays. Otherwise, it is a simple timing analysis away from bitcoin. And, of course, time is money. |
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Apraksin
Sr. Member
Offline
Activity: 420
Merit: 251
Moon?
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September 28, 2013, 07:17:57 PM |
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Zerocoin will only happen in the form of an altcoin.
In that case, it will be interesting to see what happens with whichever alt adopts the protocols. Quite interesting, I've bought my self a fair share of both ANC and MEC, both rumored to be in the process of incorporating zerocoin. |
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giszmo
Legendary
Offline
Activity: 1862
Merit: 1105
WalletScrutiny.com
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September 28, 2013, 07:19:26 PM |
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Zerocoin will only happen in the form of an altcoin.
In that case, it will be interesting to see what happens with whichever alt adopts the protocols. Zerocoin does not give you free anonymity. For that, you also have to add in random time delays. Otherwise, it is a simple timing analysis away from bitcoin. And, of course, time is money. Which, if you wanted to shield the real time deposits/withdrawals from a fund which has a sizeable holding, could be done by shuffling coins between a handful of wallets. Without Zerocoin—much more difficult. ZeroCoin will come in the one form or the other. Not in the current form though. Satoshi wants to cash out some day and if he's not the US.gov anyway, he will put his massive weight behind some anonymity feature. For not that extreme cases, off chain transactions will do the trick. I basically see a future where we only put about 2 transactions on the chain *per year* and the rest happens off the chain. |
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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September 28, 2013, 08:58:07 PM |
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This rally is annoying. All low/med sized buys. Prevents chances for quick sell/buy turnarounds. |
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DougTanner
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September 28, 2013, 09:14:00 PM |
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Weird ass rally, never seen that much consistent green.  |
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solex
Legendary
Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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September 28, 2013, 09:24:10 PM |
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I think that people are increasingly spooked that MtGox is not solving its problems. Coindesk have recently abandoned gox pricing - so the flight away continues.
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Walsoraj
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September 28, 2013, 09:28:40 PM |
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This rally is annoying. All low/med sized buys. Prevents chances for quick sell/buy turnarounds. I.e., it is not a rally but a planned demolition. Single digits on the horizon my friend. |
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solex
Legendary
Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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September 28, 2013, 09:48:45 PM |
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I think that people are increasingly spooked that MtGox is not solving its problems. Coindesk have recently abandoned gox pricing - so the flight away continues.
So, they are just going to pretend that the depth on the Gox order book does not exist, and that other exchanges don't correlate to it, leading to nonsensical indicators. No. I am saying that MtGox is a distorted market, because for many people it is a one-way "exchange" fiat-in btc-out. This is not news, but the buying pressure from this situation is inexorable. |
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Walsoraj
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September 28, 2013, 09:54:07 PM |
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This rally is annoying. All low/med sized buys. Prevents chances for quick sell/buy turnarounds. I.e., it is not a rally but a planned demolition. Single digits on the horizon my friend. Shut up walz, you drama queen |
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justusranvier
Legendary
Offline
Activity: 1400
Merit: 1009
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September 28, 2013, 09:56:06 PM |
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This rally is annoying. All low/med sized buys. Prevents chances for quick sell/buy turnarounds. I.e., it is not a rally but a planned demolition. Single digits on the horizon my friend. Shut up walz, you drama queen Forget which account you're logged in to? |
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keewee
Legendary
Offline
Activity: 1025
Merit: 1000
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September 28, 2013, 09:58:37 PM |
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This rally is annoying. All low/med sized buys. Prevents chances for quick sell/buy turnarounds. I.e., it is not a rally but a planned demolition. Single digits on the horizon my friend. Shut up walz, you drama queen Forget which account you're logged in to? lol |
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Walsoraj
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September 28, 2013, 10:03:38 PM |
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This rally is annoying. All low/med sized buys. Prevents chances for quick sell/buy turnarounds. I.e., it is not a rally but a planned demolition. Single digits on the horizon my friend. Shut up walz, you drama queen Forget which account you're logged in to? No. I was trying to be polite by saving some bull-tard the time to reply to my initial post. |
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