Quote:
Originally Posted by sirgonzo420
I'll give it a try, see what happens. Thanks, I'll keep you informed.
ximmy
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Quote:
Originally Posted by sirgonzo420
I'll give it a try, see what happens. Thanks, I'll keep you informed.
ximmy
Do you really think TPTB don't have their greedy hands into bitcoin? Hmm..use Cyprus to get folks stampeding out of the banks and into bitcoin. Drive the price up to astronomical highs, pull the plug on bitcoin and poof, all gone. Laughing the whole time as they take even more wealth away from the people. Sounds like the housing bubble.Quote:
Originally Posted by Shami-Amourae
The only thing of honest value is tangibles, imo. Gold, silver, guns, ammo, etc.
Now it's been up to $116...
Bitcoin may be in a "bubble", but it started at about $0.0001-$0.001 for crying out loud. The free market determines the price. All I'm saying, is that if one has pissed $$$ playing the lottery (I have spent less than $5 on the lottery in my entire life, which may or may not explain why I haven't won!) then they ought to piss away a fraction more $$$ on Bitcoin, where the odds of "winning" are much greater and potentially more lucrative. ;DQuote:
Originally Posted by Neuro
I don't really care either way. I understand gold and silver, and I hold some. I am not a Bitcoin "fan". I don't "like" Bitcoin, per se, but I understand it, and that understanding led me to obtain some when the price and general interest was much lower, because I could read the proverbial writing on the wall. 5 years or 10 years from now, a bitcoin may be worth nothing, but if it *isn't* worth nothing, you might wished you'd had a few... or one... or 0.0001 or whatever, I don't know and it's a gamble - but that's part of what makes it fun.
I have no idea where the price of Bitcoin will go, and I don't have quite enough to move the market too much by myself. ;D
I am not disagreeing with you.Quote:
Originally Posted by Hitcher
I don't advise putting into bitcoins amounts that one cannot stand to lose. Don't spend grocery money on bitcoins.
But if you are willing to take a little bit of a chance, a well-timed buy of $100 worth of bitcoins could later buy $1000s+ worth of tangibles like gold, silver, guns, ammo, etc.
In the history of crypto-currencies, buying $1 worth at the right time has made millionaires.
But it's gambling. Interesting gambling. Hell it's still "experimental". Experiments can be fun, but they can blow up in your face if not properly handled. Viewer discretion is advised.
I think some of them are a little late to the party trying to get their heads around it. Crypto currencies are an entirely different animal all together. Proof of work transaction logs are something you'd see every jew banker in the U.S. cry a river a mile long if they had to maintain one. There is no fractional reserve lending in bitcoin. It's tit for tat and TPTB already control, gold, silver, ammo and other tangibles. The DHS has purchased almost 2 billion rounds of ammo, keeping them out of yours and mine hands. They once made owning gold and silver illegal. How would you leave the country with your wealth or transfer it to your family if you passed away? We already know that FRN's are state issues, state controlled and are property of the state. You have a bitcoin, it's yours and no one else's while you have it. It cannot be counterfeited, it cannot be stolen (do your due own due diligence with password protecting and encrypting your BTC wallet), and it cannot be controlled, government cannot dictate how you spend said currency.Quote:
Originally Posted by Hitcher
Bitcoin is not perfect, but it all boils down to trust. Do you trust some 1's and 0's with a proof of work concept built into the system. Or do you trust a central bank and governments decree that a dollar is worth a dollar no matter how many they print?
That can't happen. That's not how it works. Look at the source code if you don't believe me. It's open sourced. There's nothing to hide. If you can't read/understand the source code, you don't know what you're talking about. This is a completely new concept. You can't compare it to anything.Quote:
Originally Posted by Hitcher
The whole system is rigged so that he who gets the money first gets the most...that will never change.
You want good eats at a bake sale...show up early.
Banks are going nuts...there is opportunity in that.
If you can increase your "Gold, silver, guns, ammo, etc" with BTC/LTC -- why not?Quote:
Originally Posted by Hitcher
Mining hardware comparison
https://en.bitcoin.it/wiki/Mining_Hardware_Comparison
1,500 GH/s Bitcoin Miner
BitForce Mini Rig SC
$29,899.00
Qty:
https://products.butterflylabs.com/m...-rig-1_1_1.jpg
More Views
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Size: 285.75 mm x 406.40 mm x 482.6 mm
Processing Power: 1,500 GH/s (+/- 10% running variance)
The Mini Rig comes ready with a touch panel (Nexus 7) control screen with built in host.
Warranty: This unit’s system board has a lifetime warranty from manufacture defect or component failure.
Order up to 4 Mini Rigs and pay the same standard, flat shipping price.
Pre-order Terms: Bitforce SC (ASIC) products are in final stage development with initial shipping scheduled for the last half of April 2013. Products are shipped according to placement in the order queue, and delivery may take 2 months or more after order. All sales are final.
How the Bitcoin Block Chain works
http://spectrum.ieee.org/img/06Bitco...8412974774.jpg
Keiser Report: Bitcoin vs Banksters (E426)
http://www.youtube.com/watch?v=KP6pBS6uptE
http://www.youtube.com/watch?v=KP6pBS6uptE
I want to pull the trigger on buying, but want to look at historical charts....
http://www.litecoinpool.org/chartsQuote:
Originally Posted by steyr_m
The chart you want is at the bottom of that page.
$124 per BTC
And I saw someone buy 292 of them at that price
Someone else just bought 108 at that price
now $125 per BTC
281 bought at 124.93
146 bought at 125
$127 per BTC
That's the price of silver +$100
The number of transactions is incredible. Check this out
Transactions last 24h 62,514
Transactions avg. per hour 2604.75
Bitcoins sent last 24h 2,586,349.58 BTC
Bitcoins sent avg. per hour 107,764.57 BTC <----- WOW
Source: http://bitcoincharts.com/bitcoin/
What is a safe exchange for purchasing litecoins?
if buying with bitcoin, btc-e.comQuote:
Originally Posted by optionT
I used to work with Assembly back in the day. Convoluted fucked up mess is what I like to call that "language". All hexadecimal based. However he figured that out, congrats to him. lolQuote:
Originally Posted by joboo
When funding your mt gox account, is AurumXchange the easiest way to fund it using USD?
Dwolla is, if you live in the U.S. I set that account up a month ago waiting for my ASIC miner.Quote:
Originally Posted by optionT
I've used Dwolla for years. You have to give both Dwolla and Mt Gox a lot of personal info though and there's a lot of waiting.Quote:
Originally Posted by optionT
I brought up bitcoin over a year or two ago on Kitco silver forums, and people freaked about it being OT. Shitcoin I think was the term it ended up being called.Quote:
Originally Posted by vacuum
My guess is some people are regretting not letting that thread play out with the info I was able to provide at the time, and telling me to shut up about it.
How many bitcoins do you have?Quote:
Originally Posted by joboo
current GPU mining 32x the CPU.
Definitely need a new card!
only avg 3.25 Mhps lol
$131.57
All-time high: $143.50
I can't help but think with this astronomical surge up in value that there's going to be a phenomenal crash as well.
No, no, no, it is different this time, it is going to accelerate upwards a few more magnitudes higher, then it will plateau at around $10-50.000, and after that it will consistently give 10% return annually after inflation has been deducted... Fantastic opportunity! ;DQuote:
Originally Posted by madfranks
I get your sarcasm, but actually, it is different this time, because this is the first time in human history a crypto-currency has taken hold of the world economy. This truly is uncharted grounds here. Consider that the audience and potential users of bitcoin is everyone in the world. It's not a local currency or even a national currency, it's a world wide currency.Quote:
Originally Posted by Neuro
For the record, gold and silver are also world wide currencies.
True and TPTB were the first to get the largest accumulations of silver and gold and work to enslave the rest of us whose ancestors didn't get in on the deal of gold / silver accumulation. This has the potential to be a world changer. ESPECIALLY if bitcoin can get a market cap of 1 trillion FRN's. Image the amount of pull a valuation like that can have on a global economy.Quote:
Originally Posted by madfranks
why does bitcoin have capital controls?
https://mtgox.com/press_release_20130313.html
this makes me suspicious.
Most likely to keep stability?Quote:
Originally Posted by chad
Hackers have attacked exchanges before. They just want to make sure no one can potentially clean out a very large account if somehow they gain access to it.Quote:
Originally Posted by chad
If these controls are unpopular, people will leave that exchange and use another one without them.
Quote:
Originally Posted by chad
That's just MtGox, who is licensed with FinCEN, and so must meet AML/KYC regulations.
There are no "capital controls" for Bitcoin.
There are other exchanges besides MtGox (who, by the way, got its name because the domain name was originally for "Magic The Gathering, Online Exchange", but then bitcoins really took off), and there are more and more new ones all the time. Bitcoins<--->USD and/or bitcoins<--->gold/silver can also be traded "over the counter" between private parties.
At current market price, the 1,000 btc limit for MtGox is about $140,000 per day for "verified users", and 10,000 btc (about $1,400,000 per day) for "trusted users".
I'm not sure that this is as much of a problem as you think.... don't like the way they are set up, don't use MtGox - I don't use 'em.
The total bitcoin value has still not approached the total market value of Beanie Babies in circulation at their peak. Yet the price has just tripled in the last three weeks? C'mon people. The price may well reach $1,000, but know that it will be under $10 within a few years.