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Topic: Bitcoin days destroyed (Read 4098 times)

newbie
Activity: 9
Merit: 0
March 05, 2014, 01:29:55 PM
#23
Won't be banned
hero member
Activity: 728
Merit: 500
March 03, 2014, 06:11:11 PM
#22
iMoney may be able to build more streamlined means of utilizing existing financial infrastructure, but they will never be able to beat bitcoin's combination of a decentralized, inflation/corruption proof store of value and means of exchange. I don't expect them or governments to go down without a fight- the printing press resulted in centuries of wars that resulted in the Protestant/Catholic division of Europe along north south lines.
legendary
Activity: 2212
Merit: 1199
March 03, 2014, 05:54:34 PM
#21
Wow. Such charts. Many curves. We all die.


yes yes Gozilla is comming :]

Gozilla will eat all Bitcoin users and charts will go down..

Bitcoin days destroyed
hero member
Activity: 504
Merit: 500
eidoo wallet
March 03, 2014, 04:28:12 PM
#20
Whatever you are taking, I'll have two of em



Loled.
hero member
Activity: 976
Merit: 575
Cryptophile at large
March 03, 2014, 04:13:06 PM
#19
Nah it won't be banned, but I do think other things will replace it. Apple filed a patent for iMoney a long time ago. With the removal of the blockchain app, it looks like they're gearing up. They can reach the masses and not so technical people in a heartbeat.
newbie
Activity: 47
Merit: 0
March 03, 2014, 04:11:45 PM
#18
Wow. Such charts. Many curves. We all die.
legendary
Activity: 1722
Merit: 1000
March 03, 2014, 03:50:27 PM
#17
Just popped in to say the UK is deeming bitcoin private money like the Germans.  I highly doubt we will see BTC banned in any legit democracy.
legendary
Activity: 2212
Merit: 1199
March 02, 2014, 06:40:32 PM
#16
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those charts makes me laugh Smiley I must to see it closer  - so as you can see and laugh too ! xxD
legendary
Activity: 1134
Merit: 1002
March 02, 2014, 06:00:25 PM
#15
Do OP realize that bitcoin is 5 years old. And it costs more than 100$ just from about 1 year.

So your charts are not realy showing why Bitcoin days destroyed ...

as majority countries are banning the bitcoin defo going down back to normal price $20

majority countries banning bitcoin? lol  Cheesy
legendary
Activity: 2212
Merit: 1199
March 02, 2014, 03:30:21 PM
#14

Do OP realize that bitcoin is 5 years old. And it costs more than 100$ just from about 1 year.

So your charts are not realy showing why Bitcoin days destroyed ...

as majority countries are banning the bitcoin defo going down back to normal price $20


this is asstalk speculations,

have you got any profs for your words or you just say what you did imagine? ?
hero member
Activity: 672
Merit: 500
March 02, 2014, 02:52:52 PM
#13
Do OP realize that bitcoin is 5 years old. And it costs more than 100$ just from about 1 year.

So your charts are not realy showing why Bitcoin days destroyed ...

as majority countries are banning the bitcoin defo going down back to normal price $20

Which countries?  Please provide a list. 

Majority means most of the world, which is false.  Major countries implies countries with significant clout (high GDP, population, some other metric), which is also false. 
full member
Activity: 188
Merit: 100
March 02, 2014, 02:17:20 PM
#12
Do OP realize that bitcoin is 5 years old. And it costs more than 100$ just from about 1 year.

So your charts are not realy showing why Bitcoin days destroyed ...

as majority countries are banning the bitcoin defo going down back to normal price $20

When has "banning" anything make it go away?
sr. member
Activity: 308
Merit: 250
March 01, 2014, 02:02:33 PM
#11
Propaganda
member
Activity: 70
Merit: 10
GambleX Exchange/Gambling
March 01, 2014, 01:14:10 PM
#10
The large number of bitcoin days destroyed on 2013-12-21 can be seen mostly in block 276158, and on 2014-02-05 can be seen mostly in block 284349.  In both cases, the coins were last moved around 2011-03-01, and the coins seem to be controlled by the same entity.

For example, if you start with the 45592.95 BTC in address 1Kq6sr5A9bM82u1vRTByjCvvixm5dxwQuV, you can see that they are split into outputs of less than 5000 BTC on 2011-03-01.  Some of those outputs are redeemed on 2013-12-21 and others are redeemed on 2014-02-05.  The same is true of the 150000 BTC in address 1LYJHSep7gAtvePMPVdsXvnKeNM7ifHkEK.

As far as I can tell, the coins were just moved to a different storage location, and there is no connection to recent market activity or the issues with Mt. Gox.


There is always the posibility of a Over-The-Counter selling. Most thinking people would prefer to sell their >50k coins at a discount to reduce the friction of trading on an exchange.
full member
Activity: 144
Merit: 100
February 28, 2014, 06:57:30 PM
#9
The large number of bitcoin days destroyed on 2013-12-21 can be seen mostly in block 276158, and on 2014-02-05 can be seen mostly in block 284349.  In both cases, the coins were last moved around 2011-03-01, and the coins seem to be controlled by the same entity.

For example, if you start with the 45592.95 BTC in address 1Kq6sr5A9bM82u1vRTByjCvvixm5dxwQuV, you can see that they are split into outputs of less than 5000 BTC on 2011-03-01.  Some of those outputs are redeemed on 2013-12-21 and others are redeemed on 2014-02-05.  The same is true of the 150000 BTC in address 1LYJHSep7gAtvePMPVdsXvnKeNM7ifHkEK.

As far as I can tell, the coins were just moved to a different storage location, and there is no connection to recent market activity or the issues with Mt. Gox.
full member
Activity: 140
Merit: 101
Trading BTC, looking for amazon cards
February 14, 2014, 07:45:00 AM
#8
Whatever you are taking, I'll have two of em
full member
Activity: 224
Merit: 100
February 14, 2014, 03:14:23 AM
#7
wtf is on first chart?
member
Activity: 98
Merit: 10
February 13, 2014, 10:27:47 PM
#6
Do OP realize that bitcoin is 5 years old. And it costs more than 100$ just from about 1 year.

So your charts are not realy showing why Bitcoin days destroyed ...

as majority countries are banning the bitcoin defo going down back to normal price $20
Any news like that came out well before this crash so to say that is the cause is misrepresentation of actual events.

Does everyone seem to forget that last week we were at the fulcrum when gox shit the bed, took no responsibility and continues to try to point the finger at bitcoin while doing nothing themselves.
legendary
Activity: 2212
Merit: 1199
February 13, 2014, 07:26:37 PM
#5
Time will show.

Nothing is that simple as you think.
newbie
Activity: 37
Merit: 0
February 13, 2014, 06:57:08 PM
#4
Do OP realize that bitcoin is 5 years old. And it costs more than 100$ just from about 1 year.

So your charts are not realy showing why Bitcoin days destroyed ...

as majority countries are banning the bitcoin defo going down back to normal price $20
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