Online Cash Bitcoin Could Challenge Governments, Banks

Why is that surprising?

Maybe it was a loan.

I do know that DPR was heavily buying Bitcoins before starting SR.

 

Bitcoin – The Internet of Money.

-- Tom

 

A China Triangle: Bitcoin, Baidu, And Beijing.

-- Tom

 

http://www.bbc.co.uk/news/technology-25120731

http://www.theguardian.com/technology/2013/nov/27/hard-drive-bitcoin-landfill-site

 

Hold your tongue!
http://cdn.shopify.com/s/files/1/0172/7404/products/Pic_Three_wise_monkeys_2_1024x1024.jpg?v=1344152584

So long as price going up, up, up - I wish it will not stabilise!

 

Three weeks later:

http://www.marketwatch.com/story/bitcoin-keeps-surging-taps-new-record-atop-1200-2013-11-29

 

Hey, I like speculative profits too

It's just that volatility slows adoption.

 

lovin it as well , just wish i wouldntve spent my 20 a year ago so easily , lols , and if i wouldntve thought 4 months back that the current btc rate was an all time high and wouldnt come again , so much for that now its 8-9x as much and the bubble if one at all hasnt burst yet , arghhhh!!! so what can you do , well buy them now while theyre still "cheap" ,lols, a couple or so i guess and just sit on them for a couple years or so

and of course wished i wouldve started much earlier aka mining while it was still profitable , fn hell ! i could smash my head in a wall all day long just thinkin about it, remember a guy bought a pizza for 20000 btc a couple years back , damn im sure hes about to shoot himself just about now xD

 

Long ago, I had 2500 Bitcoins.

Once I understood the public blockchain, I sold them for 100 USD (maybe to DPR).

Now they're worth three million USD

(and DPR is in jail)

Ain't life strange?

 

Waiting for bitcoin to get boring
http://blogs.reuters.com/felix-salmon/2013/11/30/waiting-for-bitcoin-to-get-boring/

The article includes three charts, demonstrating a recurring exponential increase in Bitcoin price.

 

wtf , 2500 coins , ~Phrase removed~ mirimir , anyhow ive did some investing , or else i couldnt sleep at peace it just didnt stop bugging me , you know missed oppurtunities and so on , lols

anyhow makes you think about even continuing to use it as a means of anonymous payment regarding its insane price volatility as of late , since i enjoy paying for my vpns with clean btc anonymously purchased over ucash ..hmmm.....and cash per mail leaving a somewhat backtraceable papertrail if not exactly using an sophisticated setup to circumvent that not to mention the risk of loosing it in the mail

 

Yes, I hesitate to spend when the price goes up 30 USD every day on average (from 200 USD to 1100 USD during November).

It was in 2010 that I had 2500 BTC. You could get 50 BTC per day mining on a fast desktop.

 

yeah and now mining cost you more electricity and mining equipment than the money you get out of it nowadays , hell the companys selling ASICS miners are the ones making the money not the customers buying the overpriced machines thatll be outdated by next week -.- , they even predict with the difficulty rising so fast that by the end of 2014 the only miners will be a select few multi million dollar mining groups with

clusterfarms, and again i say it again just thinking about me being such an fn idiot and dismissing bitcoins as a simple form of anonymous play money to pay for select few things and services on the internet , oh how wrong i have been so very wrong ( slaps himself upside the head) , all those millions right at my fingertips , talk about easy money , i recon im not the only one that feels this way , lols

 

The way it is looking to me, is that Bitcoin is on the fast path from privacy and regulation-free alternatives to the dying dollar and other currencies, to something that is exclusive to the rich and leaves the less fortunate out to dry. Interesting how things don't change.

 

Bitcoins are currently divisible by 10^8, which means that transactions as small as about 10^-5 USD are possible at the current price, about 1000 USD. Even at one million USD per Bitcoin, 0.01 USD transactions would be possible. And it would be possible to make Bitcoins divisible by 10^12 or whatever was needed.

The major beneficiaries for Bitcoins, other than those who win by speculation, may well be the billions of "un-banked" who can use Bitcoins via their smartphones.

 

well not quite so, matter of fact far from it , if youd be following the stock markets and well known investors such as max keiser , as said , currently the btc is in such strong fluctuation simply cause the chinese market dont allow for much headroom when it comes to means of investment , hence why most chinese are investing in bitcoins hence the price rises , mind you btc china being currently the largest exchange and thats saying something , then come in factors of more and more merchants and shops selling items for btc and ebay and paypal thinking about adopting it , and a slikroad 2.0 starting to build itself up in the deep

webz , more and more stores in real life accepting bitcoins , roundtrips in space being bought with btc , real estate being bought for btc , cars , you name it you got it and it goes on and on and on , i really dont see this ending any time soon if at all oddly enough , and the good thing is its still what it used to be , decentralized , anonymous (if you want to ) and of course the items you buy are never twice the price or whatever its always equal amounts of btc for equal amounts of items/services whatever , of course with the fluctuating course currently its abit crazy , but itll even out after time , theres still alot of people that dont know about btc or are just getting to know it mind you its so to speak in its infant stage , hell canada only has one btc atm exchange at the moment as far as i know , give it time to mature in society , let it have just 1 or 2% of the entire market value and youll see alot of bankers ~ Snipped as per TOS ~ theyre pants cause money 2.0 is taking over all theyre ~ Snipped as per TOS ~ fiat currencies , hell they already are starting to , just check out a few clips below



a couple informacial clips should help :


https://www.youtube.com/watch?v=JzpRsUYxuaU&list=UL


https://www.youtube.com/watch?v=9ruSmsoD9K0&hd=1&list=UL


https://www.youtube.com/watch?v=x58ffqafOso&hd=1&list=UL


https://www.youtube.com/watch?v=pooQBC-2mQU&hd=1&list=UL


https://www.youtube.com/watch?v=Jl-HZWfxUFw&list=UL

the people have had enough of corrupted banks and corrupted governments , hence why btc is gaining so much popularity , people have simply had enough of being toyed around with, this is becoming more and more apparent over time

 

http://www.forbes.com/sites/kenrapoza/2013/12/04/the-bitcoin-bubble/

 

It's hard to say.

Overall, Bitcoin prices have been increasing exponentially, at a relatively-constant rate, since 2010. There have been many bubbles and crashes on top of that trend, but the trend has persisted. The Chinese are just the latest bubble.

As far as keeping ones Bitcoins safe, the first step is using local wallets rather than online ones. The second step is keeping your local wallet in a dedicated machine, or at least a VM, that you don't use for anything else, and which has no connectivity with other machines. The third step is keeping your wallet credentials offline, and only using them with a LiveCD when you need to transfer Bitcoins.

 

Bitcoin Falls After China Warning.

-- Tom

 

Bitcoin Research in Princeton CS.

-- Tom

 

Don't panic, China is NOT banning bitcoin.

-- Tom

 

It's Still a Pain to Buy and Sell Bitcoins.

-- Tom

 

Maybe Bitcoin price is getting buffered to 1100 +/- 100 USD ?

I could live with that

 

Bitcoin Inventor Satoshi Nakamoto Eludes Detection Once More.

-- Tom