gpucoolingmethod (OP)
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February 02, 2014, 12:33:52 PM |
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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Lauda
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Terminated.
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February 02, 2014, 12:55:17 PM |
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What the?
You mean a large spike in price?
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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gpucoolingmethod (OP)
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February 02, 2014, 12:56:19 PM |
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So can BTC price be changed because of wider acceptance?
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gpucoolingmethod (OP)
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February 02, 2014, 12:58:16 PM |
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What the?
You mean a large spike in price?
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Kluge
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February 02, 2014, 01:00:52 PM |
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So can BTC price be changed because of wider acceptance?
It's really hard to say what BTC<->fiat bridge services are doing with the money. Intuitively, you'd probably assume the price to drop when major companies start taking in $hundreds of thousands in BTC and receiving cash for it. We don't know how many people buy BTC to replace what they spend, and we don't know how many new BTC users originate from merchant adoption. Way too many variables and unknowns to even begin to try understanding, IMO. |
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gpucoolingmethod (OP)
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February 02, 2014, 01:03:07 PM |
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So can BTC price be changed because of wider acceptance?
It's really hard to say what BTC<->fiat bridge services are doing with the money. Intuitively, you'd probably assume the price to drop when major companies start taking in $hundreds of thousands in BTC and receiving cash for it. We don't know how many people buy BTC to replace what they spend, and we don't know how many new BTC users originate from merchant adoption. Way too many variables and unknowns to even begin to try understanding, IMO. ok so i wanna obtain BTC anyway.Ive found a few mining contract companies. How do I pay to them without getting scammed?What contract is best? |
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jamesc760
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February 02, 2014, 07:40:13 PM |
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So can BTC price be changed because of wider acceptance?
It's really hard to say what BTC<->fiat bridge services are doing with the money. Intuitively, you'd probably assume the price to drop when major companies start taking in $hundreds of thousands in BTC and receiving cash for it. We don't know how many people buy BTC to replace what they spend, and we don't know how many new BTC users originate from merchant adoption. Way too many variables and unknowns to even begin to try understanding, IMO. ok so i wanna obtain BTC anyway.Ive found a few mining contract companies. How do I pay to them without getting scammed?What contract is best? You can safely assume ALL of them are scams. |
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gpucoolingmethod (OP)
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February 02, 2014, 08:14:01 PM |
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So can BTC price be changed because of wider acceptance?
It's really hard to say what BTC<->fiat bridge services are doing with the money. Intuitively, you'd probably assume the price to drop when major companies start taking in $hundreds of thousands in BTC and receiving cash for it. We don't know how many people buy BTC to replace what they spend, and we don't know how many new BTC users originate from merchant adoption. Way too many variables and unknowns to even begin to try understanding, IMO. ok so i wanna obtain BTC anyway.Ive found a few mining contract companies. How do I pay to them without getting scammed?What contract is best? You can safely assume ALL of them are scams. why? (I meant companies like progressivebtcmining.com) |
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Nagle
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February 02, 2014, 09:17:14 PM |
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Does it really matter? Overstock just sends Bitcoins to Coinbase and converts them to dollars at the price Coinbase posts for that 10 minute period, then ships merchandise. You can do that yourself; send Bitcoins to Coinbase, get dollars, and buy anywhere.
Someone could create a service which let you spend Bitcoins on other sites by front-ending their checkout pages and doing the conversion for you. The problem is that, given the sleazyness of the Bitcoin world, such a site would probably steal the Bitcoins, the account information, or the merchandise.
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TooDumbForBitcoin
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February 02, 2014, 10:49:25 PM |
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Someone could create a service Someone should sue Mt. Gox.... blah blah blah Someone should make a list of all the things you think people should do, but you don't do yourself. |
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gpucoolingmethod (OP)
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February 02, 2014, 10:57:18 PM |
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Someone should make a list of all the things you think people should do, but you don't do yourself.
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aminorex
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Sine secretum non libertas
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February 02, 2014, 11:22:48 PM |
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Does it really matter? Overstock just sends Bitcoins to Coinbase and converts them to dollars at the price Coinbase posts for that 10 minute period
This is no longer correct. Overstock now keeps the bitcoins, does not sell them. |
Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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chessnut
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February 02, 2014, 11:44:08 PM |
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I think that a precursor to Amazon accepting Bitcoin will be a lot of insider buying. with this in mind, the price may drop soon after this is announced.
perhaps the insider buying has occurred....
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meanig
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February 03, 2014, 12:02:31 AM |
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Does it really matter? Overstock just sends Bitcoins to Coinbase and converts them to dollars at the price Coinbase posts for that 10 minute period, then ships merchandise. You can do that yourself; send Bitcoins to Coinbase, get dollars, and buy anywhere.
Someone could create a service which let you spend Bitcoins on other sites by front-ending their checkout pages and doing the conversion for you. The problem is that, given the sleazyness of the Bitcoin world, such a site would probably steal the Bitcoins, the account information, or the merchandise.
Nagle, I followed your Bitcoin price predictions back in the day and I'm puzzled as to why a bitcoin isn't worth minus $10,000 now. Do you still see the Bitcoin price heading into negative territory in the future  |
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sickpig
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February 03, 2014, 06:55:12 AM |
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Does it really matter? Overstock just sends Bitcoins to Coinbase and converts them to dollars at the price Coinbase posts for that 10 minute period
This is no longer correct. Overstock now keeps the bitcoins, does not sell them. Citation needed |
Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
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chessnut
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February 03, 2014, 07:00:50 AM |
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Does it really matter? Overstock just sends Bitcoins to Coinbase and converts them to dollars at the price Coinbase posts for that 10 minute period
This is no longer correct. Overstock now keeps the bitcoins, does not sell them. Citation needed he may not keep them all, but he obviously keeps a lot. |
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ElectricMucus
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Marketing manager - GO MP
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February 03, 2014, 07:06:22 AM |
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lol another idiot using their business to secretly leverage into bitcoin long positions. It seems like the shareholders do mind that!
for fun, look at their 1 year chart to see where this is headed...
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Peter R
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February 03, 2014, 07:44:51 AM
Last edit: February 03, 2014, 08:37:09 AM by Peter R |
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for fun, look at their 1 year chart to see where this is headed...
The 1-year chart is up +57%. It was up even more prior to the sharp drop last week, which other retailers including Amazon also experienced. That's a good point about using your company to leverage into a bitcoin long position. If the price of bitcoin changes dramatically during 2014, I wonder if we'll see a correlation with the price of OSTK. |
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TooDumbForBitcoin
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February 03, 2014, 01:19:12 PM |
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lol another idiot using their business to secretly leverage into bitcoin long positions. As opposed to using their business to publicly leverage themselves into mansions, cars, and jets? |
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Peter Lambert
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February 03, 2014, 01:42:37 PM |
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Does it really matter? Overstock just sends Bitcoins to Coinbase and converts them to dollars at the price Coinbase posts for that 10 minute period, then ships merchandise. You can do that yourself; send Bitcoins to Coinbase, get dollars, and buy anywhere.
How do you use dollars in your coinbase account to buy stuff anywhere? |
Use CoinBR to trade bitcoin stocks: CoinBR.comThe best place for betting with bitcoin: BitBet.us |
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