Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[J3VVL]

Is Bitchick still in India? She has the right idea. We should all be volunteering in India, Africa, and other poor areas of the world and teaching them how to set up bitcoin wallets on their home personal computers.

are you trolling

From what I recall she was out on a help/charity mission there. As for the idea you're talking about; I find it splendid. Actually, what's missing is the way to explain to average people, how they'll be able to use bitcoin in those countries. If you (or anyone) have any good ideas that you could use to explain to them what bitcoin is and how they would set up a wallet, that would be awesome. Please avoid word like "random matrix" or "cryptography" they will turn around and run...

The majority people in underdeveloped (poor nations) do not have running water or electricity let alone a computer in the home this is why they are called underdeveloped or poor.

I am back from India.  I returned a couple weeks ago.  I have been avoiding the boards because I am a bit depressed.  Husband sold some coins while I was gone.  I guess while the wife is away . . .  Sigh.  We really needed to pay some bills though so I wasn't here to argue with him.  I am the one with the worst hodling addiction.  We still have plenty of coins so please don't cry any tears for us.   I am actually glad my Bitcoin addiction has lessened.  There are far more important things in the world.  I know, it is hard to believe!

That said, I totally see a need for Bitcoin in India.  Cell phones are everywhere but there are no easy ways, or even the ability for most people in villages there to pay for anything without using rupees.  Most little stores only take cash.  If they could transfer Bitcoin easily from cell phone to cell phone it would open up so many doors for ease of payment!  I so wished that they already took BTC.  It was really hard finding the exact change when a local guy came to the house we were staying at to sell us some Indian sarees (we were supposed to dress like the people there out of respect.)  It was very difficult to pay him and I found myself dreaming of BTC.  

I mentioned BTC to the head of Harvest India.  He was interested/intrigued but not really ready to do anything about it yet.  I am hoping once BTC takes off again, and if husband hasn't sold all the coins by then (half way joking) we can encourage him to take BTC with the promise of a generous donation if they do so.  

I really think it is just a matter of time before Bitcoin takes off in these places.  It will have a slow start but once the ball starts rolling it will be countries like India where it will revolutionize how payments are made, IMHO.

i've been in preliminary talks with players in Mumbai ..maybe we can get the ball rollin' here soon?

[NotLambchop]

...despite not having a computer themselves at this time, they figure out technology quickly, and share how to operate the computer with others.

OMG Davy05 they sound almost like regular uneducated people, ripe for buying Bitcoin.
Better hurry up and sell them some, before a Nigerian Prince beats us to them!

[abercrombie]

Hello gents, I'm back from an enforced one week vacation.   

[BitChick]

...
I am back from India.  I returned a couple weeks ago.  I have been avoiding the boards because I am a bit depressed.  Husband sold some coins while I was gone.  ...

Faith in God restored!!1!

Hey, whatever it takes!  If that was the outcome it was well worth it!   

[BlindMayorBitcorn]

So Coindesk is convinced these 50,000 auction coins will sell for significantly below market. Thoughts?

[BitChick]

So Coindesk is convinved these 50,000 auction coins will sell for significantly below market. Thoughts?

I am pretty sure everyone thought the coins would sell for significantly less than market price last time too but we all know that didn't happen.

[Le Happy Merchant]

I am pretty sure everyone thought the coins would sell for significantly less than market price last time too but we all know that didn't happen.

Why would anyone have thought that?

[BlindMayorBitcorn]

I am pretty sure everyone thought the coins would sell for significantly less than market price last time too but we all know that didn't happen.

Why would anyone have thought that?

How do we all know that didn't happen?

[nicked]

   Coinapult ?

[ChartBuddy]

Explanation

[inca]

   Coinapult ?

That is simply due to dumbphone to smartphone ratios currently. Soon smartphones will be everywhere. You do the math.

[NotLambchop]

I am pretty sure everyone thought the coins would sell for significantly less than market price last time too but we all know that didn't happen.

Why would anyone have thought that?

Because they're smarter than a fruit fly?  

[Le Happy Merchant]

I am pretty sure everyone thought the coins would sell for significantly less than market price last time too but we all know that didn't happen.

Why would anyone have thought that?

Because they're smarter than a fruit fly?  

But it doesn't make sense, if they were going to sell them below market, why not just sell them at market.

[JorgeStolfi]

MtGOX: Report on the 2nd meeting of former clients with the bankruptcy trustee Kobayashi:
http://www.mtgoxprotest.com/
Some highlights:
* Kobayashi is trying to recover 13 M USD that Mark took from MtGOX for services, loans etc -- but he is resisting.
* The auditing firm concluded that the MtGOX database has been adulterated, and they don't know what to do.
* Kraken paid 300'000 USD to Kobayashi (not the other way around) to have a role in the investigations.

[spooderman]

Is that the first time difficulty has ever adjusted downwards?

[NotLambchop]

...
I am back from India.  I returned a couple weeks ago.  I have been avoiding the boards because I am a bit depressed.  Husband sold some coins while I was gone.  ...

Faith in God restored!!1!

Hey, whatever it takes!  If that was the outcome it was well worth it!   

Enjoy watching a Christian money changer get her beloved shekels taken from her, won't lie

[BlindMayorBitcorn]

So Coindesk is convinved these 50,000 auction coins will sell for significantly below market. Thoughts?

I am pretty sure everyone thought the coins would sell for significantly less than market price last time too but we all know that didn't happen.

As far as I know nobody knows what Draper paid for his coins. Correct?

[hmmmstrange]

Is that the first time difficulty has ever adjusted downwards?

No, but it's been just under two years since it last happened.

[wpalczynski]

Anyone have approx date when this happened 2 yrs ago?

Is that the first time difficulty has ever adjusted downwards?

No, but it's been just under two years since it last happened.

[shmadz]

Is that the first time difficulty has ever adjusted downwards?

Lol, no.

Just before Asics started shipping it had gone down several times.