We going back to $30

[Odalv]

$40 is impossible :-).  There are only 11M btc now and too much investors/speculators/believers(500k ?) for such a small amount.

[1714916772]

1714916772

[1714916772]

1714916772

[1714916772]

1714916772

[spike420211]

<sigh> I spose 4 over the summer i could load up my Seals account LOL.

[freedomno1]

https://bitcointalk.org/index.php?topic=226582.0 take a look at this

Its an interesting design the question is how much bloat it would add to the blockchain once the ultimate blockchain compression is developed it might be doable.
(In regards to the loading of the blockchain for new clients any additions to it are not preferred as it takes users days to load it already)

Bitcoin is however a changing and developing technology that builds upon itself and it is interesting.
Satoshidice spams the blockchain and this idea would be another level on top adding to the bloat.

Protocol layer built on top of bitcoin, using messages in the block chain to represent transfers of value is one way of approaching it and the ability to send a text message with a transaction seem correlated so this would probably be one approach that might be merge-able
Colored coins are used for transfers of value, messages would be another design
https://bitcointalk.org/index.php?topic=226215
I would say their are a few ways to implement it without needing the blockchain as mentioned in the links above depending on your preference
And that it might be possible to add to any of them so it is interesting

my plan with credits is to have the mesage feture biult into an a alternative walet so its optinal if you could help in any way with credits i would be verry happy 

Unfortunately my specialty is far from coding but more into finance and economics so I am not of much assistance at this stage. Might be able to proof-read a white paper and help with those sort of tasks if your interested.
That said this forum has a very good set of developers and if you are thinking of implementing this idea, would suggest inquiring in the  Development & Technical Discussion thread for developers and to also get high quality responses on average regarding your ideas.
https://bitcointalk.org/index.php?board=12

[zackclark70]

https://bitcointalk.org/index.php?topic=226582.0 take a look at this

Its an interesting design the question is how much bloat it would add to the blockchain once the ultimate blockchain compression is developed it might be doable.
(In regards to the loading of the blockchain for new clients any additions to it are not preferred as it takes users days to load it already)

Bitcoin is however a changing and developing technology that builds upon itself and it is interesting.
Satoshidice spams the blockchain and this idea would be another level on top adding to the bloat.

Protocol layer built on top of bitcoin, using messages in the block chain to represent transfers of value is one way of approaching it and the ability to send a text message with a transaction seem correlated so this would probably be one approach that might be merge-able
Colored coins are used for transfers of value, messages would be another design
https://bitcointalk.org/index.php?topic=226215
I would say their are a few ways to implement it without needing the blockchain as mentioned in the links above depending on your preference
And that it might be possible to add to any of them so it is interesting

my plan with credits is to have the mesage feture biult into an a alternative walet so its optinal if you could help in any way with credits i would be verry happy 

Unfortunately my specialty is far from coding but more into finance and economics so I am not of much assistance at this stage. Might be able to proof-read a white paper and help with those sort of tasks if your interested.
That said this forum has a very good set of developers and if you are thinking of implementing this idea, would suggest inquiring in the  Development & Technical Discussion thread for developers and to also get high quality responses on average regarding your ideas.
https://bitcointalk.org/index.php?board=12

thanks i will go and have a look

[crumbs]

... Might be able to proof-read a white paper and help with those sort of tasks if your interested.

It's proofread.  No hyphenation necessary.

[freedomno1]

... Might be able to proof-read a white paper and help with those sort of tasks if your interested.

It's proofread.  No hyphenation necessary.

Meant more like these ones
http://bitcoin.org/bitcoin.pdf
https://bitcointalk.org/index.php?topic=56901.0

[crumbs]

... Might be able to proof-read a white paper and help with those sort of tasks if your interested.

It's proofread.  No hyphenation necessary.

Meant more like these ones
http://bitcoin.org/bitcoin.pdf
https://bitcointalk.org/index.php?topic=56901.0

I was just being a grammar nazi   ("proofread" is a single word)

[freedomno1]

... Might be able to proof-read a white paper and help with those sort of tasks if your interested.

It's proofread.  No hyphenation necessary.

Meant more like these ones
http://bitcoin.org/bitcoin.pdf
https://bitcointalk.org/index.php?topic=56901.0

I was just being a grammar nazi  ("proofread" is a single word)

Auto Spell-check sometimes tries to be its own form of Nazi blames it whistles
Or go both ways Spell Check (hehe)
 

[freedomno1]

i will be happy when people stop seing bitcoin as a investment and see it as a curentcy

This

Actually to be technical the framework for some 2.0 development designs might be able to separate them but for now they are always interrelated

How does that work?

Protocol layer built on top of bitcoin, using messages in the block chain to represent transfers of value is one way of approaching it
https://bitcointalk.org/index.php?topic=226215
cvTokens design
https://bitcointalk.org/index.php?topic=197799.0
Freicoin
https://bitcointalk.org/index.php?topic=89843.0

Some other neat stuff
https://bitcointalk.org/index.php?topic=204283.0
https://bitcointalk.org/index.php?topic=88208.0

Ah missed one
 Project Invictus: a P2P Exchange Collaboration
https://bitcointalk.org/index.php?topic=229315.0

[crumbs]

Protocol layer built on top of bitcoin, using messages in the block chain to represent transfers of value is one way of approaching it
https://bitcointalk.org/index.php?topic=226215
cvTokens design
https://bitcointalk.org/index.php?topic=197799.0
Freicoin
https://bitcointalk.org/index.php?topic=89843.0

Some other neat stuff
https://bitcointalk.org/index.php?topic=204283.0
https://bitcointalk.org/index.php?topic=88208.0

Ah missed one
 Project Invictus: a P2P Exchange Collaboration
https://bitcointalk.org/index.php?topic=229315.0

Thanks, reading it now.

[counter]

I can't imagine the price landing past 80 usd for any serious amount of time.  To be clear I don't suspect we'll go that low.

what's your reasoning for this?  what if the winklevoss twins decide, 'fuck it, lets dump this, we made a mistake.'  then clicks that sell button.

an unlikely scenario, but the thing is dont go into that line of thinking. cos right now anything is possible.

I used logic and my viewpoint of history to make that call.  We had a fairly big dump not long ago and the price held strong.  That tells me that people are not easily scared by the price on a day to day basis and are less likely to panic sell.

I watched the price hover at 80 usd on the rise of the "bubble" which makes me feel comfortable making that call.  I'm not worried about the twins selling coins,  I think there is a growing number of people that will gladly buy them.  If they did sell I suspect they wouldn't dump all instantly IMO.

[naphto]

no impossible

The onky correct answer (for now) is:
Maybe

[nwbitcoin]

In the grand scheme of things, bitcoin is currently over valued, and it needs to find a price that matches its real value.

I would speculate that the price, working on a natural trend from day 1 is that the 'right' price is around $50-$60 at the moment.  However, markets don't work like that, and some people think it should be higher, and other think it should be lower. 

The point is, if you want Bitcoin to go up in value, you need to give it some more use that as just a store of some potential value - you need to spend it!

[cloon]

I call the bottom between 25 and 30
But many ppl are expectibg this, so the bottom wil more likely be around 35

[klee]

I can't imagine the price landing past 80 usd for any serious amount of time.  To be clear I don't suspect we'll go that low.

what's your reasoning for this?  what if the winklevoss twins decide, 'fuck it, lets dump this, we made a mistake.'  then clicks that sell button.

an unlikely scenario, but the thing is dont go into that line of thinking. cos right now anything is possible.

I used logic and my viewpoint of history to make that call.  We had a fairly big dump not long ago and the price held strong.  That tells me that people are not easily scared by the price on a day to day basis and are less likely to panic sell.

I watched the price hover at 80 usd on the rise of the "bubble" which makes me feel comfortable making that call.  I'm not worried about the twins selling coins,  I think there is a growing number of people that will gladly buy them.  If they did sell I suspect they wouldn't dump all instantly IMO.

What makes me worry is that if the price is steadily and slowly declining (like this seems to be the case) the psychological consequences are unpredictable.
People are now used to sudden drops in price but they all feel it will be up in the long term - if this gets shaken...

(While a sharp rise of XRP -it is x8 since mid April when BTC 'crashed'- may accelerate this trend)

[spike420211]

It'll be a very very gradual drop to 30-50, been hovering @ 95-110 for a week now

[tokeweed]

no impossible

this could be 2011 all over again.

what do you guys think right now?  it could be, right?

[notme]

no impossible

this could be 2011 all over again.

what do you guys think right now?  it could be, right?

Previous ATH before 2011 run up was $1.  Bottom after was $2.  If we repeat 2011, $60-64 is the bottom.  But that all depends on the bears being able to break $92.

[solex]

no impossible

this could be 2011 all over again.

what do you guys think right now?  it could be, right?

Previous ATH before 2011 run up was $1.  Bottom after was $2.  If we repeat 2011, $60-64 is the bottom.  But that all depends on the bears being able to break $92.

But we have already had that! It bottomed at $54.25, then some days afterwards also at $50.01
Anyone wanting to buy below $60 should be fully loaded up.

[notme]

But we have already had that! It bottomed at $54.25, then some days afterwards also at $50.01
Anyone wanting to buy below $60 should be fully loaded up.

I never said I agreed we would see a repeat of 2011, just explained how it would play out if we did.  I've got a little more fiat to deploy, but I'm happy if it rises from here.  If the bears find some favor, that's cool with me too.