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kwest
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November 29, 2013, 09:35:06 PM |
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A little while ago on Bitstamp.  |
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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mike2kt
Member
 Offline
Activity: 80
Merit: 10
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November 29, 2013, 09:36:10 PM |
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There goes another ~$250K buy...someone is playing with their trust fund...  |
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solex
Legendary
Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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November 29, 2013, 09:40:51 PM |
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The frenzied hypegasm of Bitcoin continues.
Last Week >$1000
Next Week >Gold oz.
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OldGeek
Sr. Member
Offline
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
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November 29, 2013, 09:41:24 PM |
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Well crap! Get bored with straight lines, go take a nap, wake up and woopsie. Missed one again. Wonder if 1200 is gonna hold?
edit: 1220
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freethink2013
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November 29, 2013, 09:43:02 PM |
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The only worry I have is we're a market rather than an economy. We need to make 2014 the year when bitcoin destroys western union and is much more widely accepted for buying stuff. Remittance is the killer app.
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keewee
Legendary
Offline
Activity: 1025
Merit: 1000
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November 29, 2013, 09:43:40 PM |
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Whoa! Bitstamp's rocketing  |
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mike2kt
Member
Offline
Activity: 80
Merit: 10
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November 29, 2013, 09:46:35 PM |
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Well crap! Get bored with straight lines, go take a nap, wake up and woopsie. Missed one again. Wonder if 1200 is gonna hold?
edit: 1220
A watched pot chart never boils...or some such. |
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philip2000uk
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November 29, 2013, 09:46:42 PM |
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The only worry I have is we're a market rather than an economy. We need to make 2014 the year when bitcoin destroys western union and is much more widely accepted for buying stuff. Remittance is the killer app.
What if Western union installed Bitcoin ATM's in every shop? |
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OldGeek
Sr. Member
Offline
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
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November 29, 2013, 09:47:35 PM |
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If this (gox) stuff follows the pattern, then get ready for a big bear dump. Followed by another runup and a sell off back to the support from this morning. We'll see.
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smiley123
Member
Offline
Activity: 101
Merit: 10
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November 29, 2013, 09:50:14 PM |
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The only worry I have is we're a market rather than an economy. We need to make 2014 the year when bitcoin destroys western union and is much more widely accepted for buying stuff. Remittance is the killer app.
What if Western union installed Bitcoin ATM's in every shop? That would be brilliant. They could also put coffee shop next to the ATM to give people something to do while waiting for confirmations. |
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BTCSTOCKZ
Newbie
Offline
Activity: 28
Merit: 0
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November 29, 2013, 09:53:07 PM |
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/\WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!x1O
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kwest
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November 29, 2013, 09:53:53 PM |
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Looking at this graph, we may still have some room to grow before a correction. StochRSI is still below the red line.  |
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philip2000uk
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November 29, 2013, 09:55:17 PM |
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The only worry I have is we're a market rather than an economy. We need to make 2014 the year when bitcoin destroys western union and is much more widely accepted for buying stuff. Remittance is the killer app.
What if Western union installed Bitcoin ATM's in every shop? That would be brilliant. They could also put coffee shop next to the ATM to give people something to do while waiting for confirmations. I mean I know WU is high on the fees but at least no-one can do a credit card charge back. |
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freethink2013
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November 29, 2013, 09:55:29 PM |
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The only worry I have is we're a market rather than an economy. We need to make 2014 the year when bitcoin destroys western union and is much more widely accepted for buying stuff. Remittance is the killer app.
What if Western union installed Bitcoin ATM's in every shop? That would be like sticking a plaster on burst dam. Interesting article: http://www.bloomberg.com/news/2013-11-28/bitcoin-service-targets-kenya-remittances-with-cut-rate-fees-1-.htmltldr: kenyans send 1.2 billion dollars home per annum. mostly through wu Western Union and MoneyGram International Inc. deduct $10 to $17 to wire $200 to Kenya from the U.S., including charges to exchange funds, in a process that can take an hour to five days, according to the World Bank’s Send Money Africa price database. BitPesa will charge 3 percent on overseas transfers and says the money arrives the same day. At that rate, it would cost $6 to send $200 via BitPesa. |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 29, 2013, 10:02:45 PM |
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kurious
Legendary
Offline
Activity: 2590
Merit: 1643
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November 29, 2013, 10:03:06 PM |
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We just went over GOLD!
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freethink2013
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November 29, 2013, 10:04:19 PM |
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Interesting thing about africa is they never had landlines widely available. They went straight to mobiles. Similarly most people don't have bank accounts so they may go straight to bitcoin.
I'd fucking love it if bitcoin allowed africa to climb out of the pit the usa/euro has put them in but I won't be buying any blood diamonds nonetheless.
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mike2kt
Member
Offline
Activity: 80
Merit: 10
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November 29, 2013, 10:06:17 PM |
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We just went over GOLD!
Gold $1252 spot on Kitco right now. So ^almost^ there (MtGox). |
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solex
Legendary
Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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November 29, 2013, 10:07:44 PM |
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The only worry I have is we're a market rather than an economy. We need to make 2014 the year when bitcoin destroys western union and is much more widely accepted for buying stuff. Remittance is the killer app.
What if Western union installed Bitcoin ATM's in every shop? Fully agree. They need to do something quickly or they will be in major trouble because Bitcoin overlaps their core business model. https://bitcointalk.org/index.php?topic=321719.0Western Union share price Oct 29th : $19.24 Western Union share price Nov 29th: $16.67 Ch00 Ch00 in reverse ooch ooch! |
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BTCSTOCKZ
Newbie
Offline
Activity: 28
Merit: 0
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November 29, 2013, 10:08:20 PM |
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The only worry I have is we're a market rather than an economy. We need to make 2014 the year when bitcoin destroys western union and is much more widely accepted for buying stuff. Remittance is the killer app.
What if Western union installed Bitcoin ATM's in every shop? That would be brilliant. They could also put coffee shop next to the ATM to give people something to do while waiting for confirmations. I mean I know WU is high on the fees but at least no-one can do a credit card charge back. :yeah i know they tweeted something about Bitcoin~ hmm  +1E37+ |
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