The Bitcoin Tracking Thread

[madfranks]

What's the best way to buy bitcoins fast? The dwolla->mtgox method is taking a very long time.

With eBay you can have a bitcoin transferred within minutes, just be prepared to pay a large premium for this convenience.

[Neuro]

Not ones which involve converting to or from USD. But after you buy bitcoins on an exchange, you can then use what's called a mixing service.

Basically, you put the bitcoins in a large common ewallet, then transfer them to another address you own. That one will be anonymous.


https://en.bitcoin.it/wiki/Mixing_service

I buy and sell gold and silver anonymously with cash. I can after purchasing it shift it around to locations i own, without anyone knowing it, and I am sure the day is approaching, where I dont know where I stashed it either... I wouldn't like to do it any other way...

[Ponce]

A train going to fast can overturn while going around a curb .....remember, there is need and then there is greed.

First post of the day...... good morning to one and all.

V

[sirgonzo420]

So you are not really anonymous in your bitcoin transactions then?

You can be anonymous if you know how.

All bitcoin transactions in real-time (as well as the entire history of transactions) are viewable by anyone with an internet connection here: http://blockchain.info and a copy of this universal ledger is kept on every computer running a full node.

[madfranks]

all time high: $161.89

[madfranks]

A train going to fast can overturn while going around a curb .....remember, there is need and then there is greed.

First post of the day...... good morning to one and all.

V

That is good advice, and you are absolutely right. There is need, there is greed, but there is also good timing.

[vacuum]

I spent last night looking at the "fundamentals" of bitcoin, and I think they look really good.

Basically, right now there is so much vested in it that it can't be stopped by anyone, except possibly as a state-sponsored 51% attack. possibly.

I was concerned that the fundamental design could have flaws in it, and would need to be replaced by a v2 or something. But it appears to me that the things which can't be changed are very, very basic and new client versions can be released which add features and the miners will mostly all upgrade because they are a tight community.

So flaws in the system can pretty much be fixed. Only huge architectural issues, such as the concept of mining if it were a problem, can't be changed.

For example, the original bitcoin client used a version 1 data structure to store the block chain transaction history with a slow berkley database. Well, I believe that data structure has been updated to a super fast one. The clients and fee structures can be tweaked to adjust confirmation times of purchases.

Any developer, user, or miner who calls for everybody changing to a new crypto currency, away from bitcoin, is ostracized because it is against the interest of those who hold bitcoins. Essentially, it's like a corporation with a $1.6 billion market cap which seeks only to increase that market cap. It will do whatever software upgrades are needed, it will create whatever exchanges are needed, and it will continue to move forward and evolve regardless of any individual's opinion.

I see no reason it will slow down. I predict it will continue to evolve over the very long term, even at the protocol level. The only thing that will remain unchanged is the record books of who holds what. Everything else will be changed or discarded if it begins to hurt the value. Unlike almost all other open source projects, this is the first one driven so hard by time and money.

That's what I got from the research I've done on it.

[vacuum]

New high of 165.80

edit: closing in on 170 in a matter of seconds

Attachment 4676

[sirgonzo420]

LOL. Say what you will about bitcoins, but the entertainment value has been exceedingly high to me thus far.

My silver and gold have been and are good "investments", but my bitcoins are runnin' fuckin' circles around them.

Sure, it could all disappear tomorrow, but so could everything else. The $169 price for one bitcoin is still cheap for the entertainment value. If you *do* buy one, one day perhaps not long from now you may marvel that you have a whole one.

In the words of the late Hunter S. Thompson: Buy the ticket, take the ride!

If you don't hold bitcoin, then you are not diversified.

New high of 165.80

edit: closing in on 170 in a matter of seconds

Attachment 4676

$172.50

[vacuum]

173.75

Look at the sizes of these trades.

$30k, $40k, trades going through like nothing. I saw a $570k trade earlier today.

Attachment 4678