Topic: 20 calls a day from large asset managers looking to invest up to $100m. (Read 10411 times)

A feeling, eh?  What does that feeling involve, exactly?

Ah, but I have a...feeling Bitcoins are about to become a lot easier for people to purchase.

Ok, lets go to wall street and burn all their fuses.
Lets see how well it goes.

Never underestimate the power of technology and innovation.

Well, as a college student, we tend to go through 2-3 phones a year, mostly because we get drunk and drop them in the keg can.

The saturation in the phone market is already there. Hardware is dead with perfect Android phones for $125 from China. Only in terms of camera I still see some room for actual progress. I carry a 2010 Android phone and don't feel like I need something newer. I think more people will switch to this approach in the future and really stick to their phone for at least 2-4 years.

If you look at the iPhone or the Galaxy S, they're pretty much at fixed prices all the way until a new model comes out, and I suppose so are the iPads etc. Mobile phones are starting to be so powerful and versatile that they don't really need much in the way of new features any more.

Now, people are still going to spend money on a nice phone even if it's not absolutely necessary, but hopefully they will stop to think for a moment if it really makes sense to buy a new phone every year. This can only be a good thing, even if those companies would make less of a profit that way.

And YOU, sir, are severely underestimating the metering power of the MtGox queue!   

especially in so short of a time

You're severely underestimating what media coverage of breaking the $200 mark is about to do.

It seriously does look that we MAY see quadruple digits before June.

Bump.

Yes.  That, and it is not ever increasing.  Not only will the reward for mining shrink, mining only grows when price grows.

I don't think this is an issue. One reason being that highly efficient ASICs will soon be doing all the mining.

@Kazu

sure that's why an economy will not totally collapse. let's exaggerate the principle to see the environmental benefits :

it is better to go into debt to buy a $300,000 house when we have price inflation in 10 years your house is worth $400,000, you win. (environment suffers more energy and resources went in to building it now.)

with price deflation you would be better off saving now to buy the same house in 10 years for $200,000, you defer consumption the environment is better off.

with a static money supply price deflation is a result of over production and price inflation is a result of under production. deflation slows economic growth, a slowing in the rate of growth is good for the environment.

deferred consumption can be perpetuated in 10 years you may hold out for a $100,000 house equivalent to that of the $300,000 house in an economy with price inflation. this lack of consumption is considered bad in conventional economics.

 ln actually it is the free market investing resources appropriately. with price inflation you may encourage people to build and buy homes they can not afford, they will be repossessed become derelict and ultimately a negative cost on the environment all because they could not predict the future, but using the same greed motive with deflating prices an inability to predict the future does not negatively impact the environment.

I have a really hard time believing that.

Take technology. The inflation in CPU power easily outweighs the inflation of the USD, and any phone you could buy today you could buy tomorrow for cheaper. But people buy things today anyhow, because people like things NOW, not in a week from now.

A deflationary currency encourages saving and prevents brainless consumerism, while an inflationary currency encourages the opposite as the currency itself dilutes its value in time.

If a deflationary spiral were to happen, people would survive, eat, and do the essentials, they would stop investing in Oil and resource mining as the demand would drop, the resulting economic slowdown however would be of net benefit to the environment.  

Even he admits to starting it for fun, nothing too serious (with small $1000 subscriptions). He's probably getting a few phone calls simply because it's been in the news lately, but unlikely it they will ever proceed past the preliminaries. The only reason someone would start a fund is because other funds & institutions need a structure in which to invest (most can't invest directly for various reasons). And non-tech savvy individuals might invest simply because the fund offers secure cold storage, they don't want to deal with Gox, and they would at least have some level of recourse.

Not quite getting the link there, sorry :\