Richy_T
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Activity: 2422
Merit: 2113
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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May 19, 2014, 11:46:53 PM |
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Now, implementing "savings & loan" businesses in the bitcoin world is extremely hard, because it contradicts (or at least seems to contradict) the trust-free and potentially privacy-preserving nature of bitcoin. After all: you need some kind of pressure for the borrower to pay back. There have been many attempts to solve this, but most attempts got drowned in scams.
Maybe hoarding is enough of a signal (less buying) to regulate economic activity? I'm not sure.
This is largely because the whole idea of investing has been distorted. That is, to give someone else control of your assets in order that they hopefully might be able to do more with it than you can (what you call hoarding is perfectly valid to do also BTW). Implicit in this is that they might end up doing something with it that is disadvantageous to you. In fiat-land, when things go wrong (if you're the right kind of person) the government fires up the presses, robs a bunch of people of their wealth and hands it over to you for your dumb-ass decision. If you want something like FDIC (which is likely to collapse itself in any real crisis) in Bitcoin-land, you'll have to buy some insurance. We're a ways from having a company you can trust with that though (and since there are a limited number of bitcoins, you could still end up up the creek). Welcome to the real world. |
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The trust scores you see are subjective; they will change depending on who you have in your trust list. |
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 20, 2014, 12:00:42 AM |
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ChartBuddy
Legendary
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 20, 2014, 01:00:42 AM |
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gentlemand
Legendary
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Activity: 2590
Merit: 3008
Welt Am Draht
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May 20, 2014, 01:02:22 AM |
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Has anyone bothered to measure the world record for consecutive Chartbuddy postings?
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JorgeStolfi
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May 20, 2014, 01:16:18 AM |
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How would someone with euros in a Cyprus bank use bitcoin to move the money to a bank outside Cyprus?
Simple, all you had to do was find someone in Cyprus with bitcoins who was willing to swap them for Cypriot bank credit. Euro IOUs were still exchangeable between Cypriot banks during the capital controls period. That does not seem to violate capital controls... Note that no euros, real or virtual, left Cyprus; they aonly moved between Cypriot bank accounts. Meanwhile, some bitcoins that were out there somewhere in the ether and were owned by one Cypriot became owned by another Cypriot. The total wealth of the Cypriots, whether measured in euros, bitcoins, or material goods, was not changed by that operation. Or am I missing something? |
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JayJuanGee
Legendary
 Online
Activity: 3696
Merit: 10153
Self-Custody is a right. Say no to"Non-custodial"
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May 20, 2014, 01:17:22 AM |
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Has anyone bothered to measure the world record for consecutive Chartbuddy postings?
I doubt that we could all agree to refrain from posting long enough to create a 24 hour chart buddy series. |
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TERA
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May 20, 2014, 01:17:42 AM |
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^ / / -----------------------------  \ \ v |
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windjc
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Activity: 2156
Merit: 1070
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May 20, 2014, 01:19:52 AM |
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^ / / ----------------------------- \ \ v more likely it's going to be -----------------------------------------------------------------------------------------------------------------------------------> |
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nanobrain
Legendary
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Activity: 1008
Merit: 1000
Dumb broad
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May 20, 2014, 01:24:37 AM |
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Speaking of privacy enhanced coins, did you join the Monero train the other week, I'm sure it was you who mentioned it and I had a look. Bought a few thousand at 0.0003 and just sold a chunk at the top of a pump to 0.005 on Polinex moments ago.
Insane growth. Made up for the last 6 months of BTC prices and lack of volatility.
Yes, I am enjoying that. Keep in mind the MRO market cap is still less than 3000 BTC. It should surpass DRK fairly quickly, since it is so clearly superior. Just a pity it sounds like a family car made by Ford... |
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ChartBuddy
Legendary
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 20, 2014, 02:00:43 AM |
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JorgeStolfi
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May 20, 2014, 02:10:54 AM |
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Gigven that
Network block mining rate: BMR = 0.00185 blocks/s (1 every 9 minutes)
Total network hash rate: NHR = 65'000'000 GH/s [Source: blockchain.info estimate.]
We must conclude
Expected number of hashes needed to successfully mine a block: HPB = NHR/BMR = 35'000'000'000 GH (35 quintillion hashes)
Is this right?
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KFR
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May 20, 2014, 02:22:42 AM |
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aminorex
Legendary
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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May 20, 2014, 02:27:33 AM |
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Just a pity it sounds like a family car made by Ford...
It's the Esperanto word for "coin". |
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RUEHL
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May 20, 2014, 02:30:38 AM |
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Huge buying on Huobi, 2770 to 2800 in a matter of minutes on monster volume. Somebody knows something...  |
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_javi_
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May 20, 2014, 02:38:00 AM |
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or somebody is planning another big plunge!
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y3804
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May 20, 2014, 02:45:14 AM |
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After further research, nothing is backing up this pump. I think it's a small artificial "correction" to keep up with the slow uptrend
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derpinheimer
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Activity: 896
Merit: 1000
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May 20, 2014, 02:56:38 AM |
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After further research, nothing is backing up this pump. I think it's a small artificial "correction" to keep up with the slow uptrend
This is one of the strongest rallies so far (versus the bunches of them weve seen these past months that move up a few dollars only to drop even more in a few hours/the following day) Good volume, nice bid support showing up quite rapidly. I think this might go $475 at the minimum |
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