rpietila Wall Observer - the Quality TA Thread ;) - page 148.

Dotto

legendary

Activity: 981

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No maps for these territories

Quote from: RoadStress on July 21, 2014, 07:52:52 PM

So I was reading what Fred Wilson stated today

Quote

And I think that that’s probably going to be first big commercial opportunity in bitcoin, [...] to create secure systems.

What if Bitcoin will improve and boost the IT security in general and especially private people's security? What if better security overall will teach everyone how to secure their systems and in the same time it will help them to decentralize a bit from the governments? Bitcoin may give power to the people in a lot more ways than the financial system.

Liquid democracy via blockchain´s (something as 'votecoins') is only one of the alternative uses people are finding for the protocol. Sooner than later we will get all kind of different applications of the blockchain technology, beyond the use as currency.

http://bitcoinvox.com/article/737/bitcoin-can-take-democracy-to-the-next-level

Erdogan

legendary

Activity: 1512

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Quote from: RoadStress on July 21, 2014, 07:52:52 PM

So I was reading what Fred Wilson stated today

Quote

And I think that that’s probably going to be first big commercial opportunity in bitcoin, [...] to create secure systems.

What if Bitcoin will improve and boost the IT security in general and especially private people's security? What if better security overall will teach everyone how to secure their systems and in the same time it will help them to decentralize a bit from the governments? Bitcoin may give power to the people in a lot more ways than the financial system.

At this point, there is no reason to read and discuss what all the professional newbies say and write int the newspapers. If someone wants to be informed, he will have to come to bitcointalk.

RoadStress

legendary

Activity: 1904

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So I was reading what Fred Wilson stated today

Quote

And I think that that’s probably going to be first big commercial opportunity in bitcoin, [...] to create secure systems.

What if Bitcoin will improve and boost the IT security in general and especially private people's security? What if better security overall will teach everyone how to secure their systems and in the same time it will help them to decentralize a bit from the governments? Bitcoin may give power to the people in a lot more ways than the financial system.

dnaleor

legendary

Activity: 1470

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Want privacy? Use Monero!

i'll do 2:1 for 0.1 BTC that BTC goes above 5000 USD (so I get 0.2 BTC if it happens)

edit: this is significantly better for the bears than this bet, it seems: http://bitbet.us/bet/716/btc-worth-over-5000-before-2015/

edit2: offer valid for next 24h. if none takes it, i'll change to 3:1 Wink

luigi1111

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Activity: 1105

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Quote from: epilido on July 21, 2014, 05:42:32 PM

Quote from: molecular on July 21, 2014, 04:05:16 PM

I don't think 5000 USD/BTC is likely to occur in 2014. I'd be willing to bet €1000 against that.

The reason you will not get any takers on this bet is not because no one believes that 5000 is likely. They simply believe that it would be better to invest 1000 at today's market price and sell at 5000. Same exact risk with much higher possible return.

Of course you'll find takers, just not at 50/50; that would be completely stupid.

luigi1111

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Quote from: Biodom on July 21, 2014, 04:43:07 PM

Quote from: molecular on July 21, 2014, 04:05:16 PM

Quote from: Biodom on July 21, 2014, 03:50:52 PM

Quote from: dnaleor on July 21, 2014, 03:45:20 PM

we will see 5000 this year
next year ATH at least 10000, probably higher (20000 - 50000)

I don't see how $5000 is possible, but I am not a betting man.

I don't think 5000 USD/BTC is likely to occur in 2014. I'd be willing to bet €1000 against that.

I don't think that you would find many takers at any reasonable odds.

I'd be willing to do 50:1, just because, but "real" (based on some random finding of historical vol, which is all I have to work with) odds seem to be around 125:1.

BitChick

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Activity: 1148

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Quote from: epilido on July 21, 2014, 05:42:32 PM

Quote from: molecular on July 21, 2014, 04:05:16 PM

I don't think 5000 USD/BTC is likely to occur in 2014. I'd be willing to bet €1000 against that.

The reason you will not get any takers on this bet is not because no one believes that 5000 is likely. They simply believe that it would be better to invest 1000 at today's market price and sell at 5000. Same exact risk with much higher possible return.

Or some of by holding BTC are betting that it will get to $5000 anyways. No need to take any other gamble. Wink

epilido

jr. member

Activity: 34

Merit: 1

Quote from: molecular on July 21, 2014, 04:05:16 PM

I don't think 5000 USD/BTC is likely to occur in 2014. I'd be willing to bet €1000 against that.

The reason you will not get any takers on this bet is not because no one believes that 5000 is likely. They simply believe that it would be better to invest 1000 at today's market price and sell at 5000. Same exact risk with much higher possible return.

Biodom

legendary

Activity: 3892

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Quote from: molecular on July 21, 2014, 04:05:16 PM

Quote from: Biodom on July 21, 2014, 03:50:52 PM

Quote from: dnaleor on July 21, 2014, 03:45:20 PM

we will see 5000 this year
next year ATH at least 10000, probably higher (20000 - 50000)

I don't see how $5000 is possible, but I am not a betting man.

I don't think 5000 USD/BTC is likely to occur in 2014. I'd be willing to bet €1000 against that.

I don't think that you would find many takers at any reasonable odds.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: Biodom on July 21, 2014, 03:50:52 PM

Quote from: dnaleor on July 21, 2014, 03:45:20 PM

we will see 5000 this year
next year ATH at least 10000, probably higher (20000 - 50000)

I don't see how $5000 is possible, but I am not a betting man.

I don't think 5000 USD/BTC is likely to occur in 2014. I'd be willing to bet €1000 against that.

Biodom

legendary

Activity: 3892

Merit: 4331

Quote from: dnaleor on July 21, 2014, 03:45:20 PM

we will see 5000 this year
next year ATH at least 10000, probably higher (20000 - 50000)

I don't see how $5000 is possible, but I am not a betting man.

dnaleor

legendary

Activity: 1470

Merit: 1000

Want privacy? Use Monero!

we will see 5000 this year
next year ATH at least 10000, probably higher (20000 - 50000)

Biodom

legendary

Activity: 3892

Merit: 4331

Quote from: AlexGR on July 21, 2014, 01:58:16 PM

Price prediction based on a dream: 18.000$ in 2016. Posted for future reference Cool

What model is this based on?
I would sell 10% at that point

All you need to hit a right prediction is to make many of them at random. Then, once one hit, you point to it and say-aha!
This is the method that many economists are using or so it seems...

DieJohnny

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Activity: 1639

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Quote from: AlexGR on July 21, 2014, 01:58:16 PM

Price prediction based on a dream: 18.000$ in 2016. Posted for future reference Cool

Maybe Dec 2016

luigi1111

legendary

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Quote from: AlexGR on July 21, 2014, 01:58:16 PM

Price prediction based on a dream: 18.000$ in 2016. Posted for future reference Cool

$18,000? This fits with my goal of $6,900 in 2015.

AlexGR

legendary

Activity: 1708

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Price prediction based on a dream: 18.000$ in 2016. Posted for future reference Cool

kehtolo

hero member

Activity: 707

Merit: 500

Quote from: giveBTCpls on July 21, 2014, 10:30:17 AM

Lol at the comedy algorithm.
Well going back on top a bit, for these that do agree with that Microsoft chart and are making analogy to it saying we are about 5 years in on that graph... but really, how do you know? Like the blockchain is compromised and everyone abandons BTC, or it gets superseded by a superior coin with better anonymous features... stuff like that. How are you guys so sure and calm sleeping millions of dollars (for these that do have a lot of BTC, not me... I can wait) while these could happen?

I'll try to answer. The blockchain is pretty much unhackable. It's been tried many times and on more than a few occasions all sorts of bo0th white hat and black hat hackers have tried. Nobody has so far succeeded. If quantum computers become a reality.. which is looking ever further away - this MAY change.

2nd. Because bitcoin is 'programmable' it can adopt a new feature if the Devs write it into the code.. and people adopt the new wallet.
Oh, and something called network effect.

giveBTCpls

sr. member

Activity: 322

Merit: 250

Lol at the comedy algorithm.
Well going back on top a bit, for these that do agree with that Microsoft chart and are making analogy to it saying we are about 5 years in on that graph... but really, how do you know? Like the blockchain is compromised and everyone abandons BTC, or it gets superseded by a superior coin with better anonymous features... stuff like that. How are you guys so sure and calm sleeping millions of dollars (for these that do have a lot of BTC, not me... I can wait) while these could happen?

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: rpietila on July 20, 2014, 10:29:06 AM

Quote from: wachtwoord on July 20, 2014, 09:30:06 AM

I can define a unit called the wachtwoord which is 160 BTC. Right now 1 wachtwoord is already trading @ $100k USD (625*160). Capiche?

In this case one wachtwoord should come to the next Malla party, since the unit's worth is higher than the threshold BTC100!

Haha

Just so everyone's clear, I merely defined the wachtwoord to make a point to a guy that found it impossible to conceive any single unit could be worth 100k USD (and 160*625=100k). I didn't disclose anything about my holdings Wink

ErisDiscordia

legendary

Activity: 1133

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Imposition of ORder = Escalation of Chaos

Quote from: ?? on ??

Already my favorite satircal troll of all time. This guy puts Proudhon to shame.

Sorry Proudhon.

but what if this IS PROUDHONS SOCKPUPPET?? Huh

Topic: rpietila Wall Observer - the Quality TA Thread ;) - page 148. (Read 907212 times)