Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31490.

Mevius

member

Activity: 99

Merit: 10

Quote from: fluidjax on November 29, 2013, 07:48:22 AM

I think what is important for lay people to understand is there are no obvious flaws in bitcoin. If they think they see an obvious flaw or some way in which it won't work, it is important that they understand that they don't understand it yet. This is difficult without insulting peoples intelligence, but I find if you let them 'save face' by explaining the underlying system is only really understood by cryptologists and mathematicians, they dont feel so dumb and resistant to something they don't get straight away. This gives them the time to absorb it.

qft

Still nothing spectacular going on.

fluidjax

hero member

Activity: 750

Merit: 601

Quote from: 600watt on November 29, 2013, 07:33:05 AM

Quote from: Shermo on November 29, 2013, 06:51:17 AM

Quote from: SnowMonkey_CG on November 29, 2013, 06:32:25 AM

Quote from: Drabla on November 29, 2013, 06:29:03 AM

One thing that didn't come across/wasn't discussed is that you can divide Bitcoins into smaller parts.

I think we need to move to mBTC before folk begin to understand this.

A guy at my work didn't understand this either and he's a programmer like me. He assumed that they could only be moved in whole units and didn't understand how that would work if its a currency. When I explained it can be divided to 8dp, and that could be changed in the future he was like "ahhhhhhh that makes a lot more sense"

we had an invitation to a major german venture capital company to present a bitcoin business idea. they had no clue what bitcoin was. so we started to explain it. when it came to the "there will only be 21 million btc ever existing" thing, they said that no economy can be built on just 21 mio pieces. we tried hard to tell them about divisibility. they did not buy it. they asked questions like " but who is setting what divisibility comes in place, who is controlling it ?"

I think what is important for lay people to understand is there are no obvious flaws in bitcoin. If they think they see an obvious flaw or some way in which it won't work, it is important that they understand that they don't understand it yet. This is difficult without insulting peoples intelligence, but I find if you let them 'save face' by explaining the underlying system is only really understood by cryptologists and mathematicians, they dont feel so dumb and resistant to something they don't get straight away. This gives them the time to absorb it.

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

... just wait until the monte carlo connection arrives ... 1k is now the basis for confidence for the really big fishes

Okurkabinladin

hero member

Activity: 574

Merit: 506

Quote from: MoreFun on November 29, 2013, 07:26:49 AM

Quote from: Okurkabinladin on November 29, 2013, 07:23:16 AM

Quote from: wilfried on November 29, 2013, 07:17:41 AM

so its very calm on gox, china is awake, europe is awake, usa starting the day, any explanation for the boredom?

Silence before storm Wink

during evening Gox and China will make a run on gold parity. What happens when they get there is anyones guess.

Nothing speacial will happen, only that 1 BTC will be more expensive than 1 oz.

I have to disagree here, parity with gold is atleast similar to passing 1000 USD/BTC in relevance. There will be both panic buys and cash outs. Either Bitcoin will accelerate towards "moon" or start crashing hard. Can´t wait to find out

600watt

legendary

Activity: 2338

Merit: 2106

Quote from: Shermo on November 29, 2013, 06:51:17 AM

Quote from: SnowMonkey_CG on November 29, 2013, 06:32:25 AM

Quote from: Drabla on November 29, 2013, 06:29:03 AM

One thing that didn't come across/wasn't discussed is that you can divide Bitcoins into smaller parts.

I think we need to move to mBTC before folk begin to understand this.

A guy at my work didn't understand this either and he's a programmer like me. He assumed that they could only be moved in whole units and didn't understand how that would work if its a currency. When I explained it can be divided to 8dp, and that could be changed in the future he was like "ahhhhhhh that makes a lot more sense"

we had an invitation to a major german venture capital company to present a bitcoin business idea. they had no clue what bitcoin was. so we started to explain it. when it came to the "there will only be 21 million btc ever existing" thing, they said that no economy can be built on just 21 mio pieces. we tried hard to tell them about divisibility. they did not buy it. they asked questions like " but who is setting what divisibility comes in place, who is controlling it ?"

jofus87

member

Activity: 85

Merit: 10

Chinese are at work and the US is too busy stampeding Best Buy and Walmart. Things always tend to get interesting during the evening here (Europe)

Carra23

legendary

Activity: 980

Merit: 1000

Need a campaign manager? PM me

I constantly keep having the nagging feeling that it is going to go down a lot, but then I calm myselves.

If only there was a clear signal for crash, like an exchange with 80% volume stopping trading.

MoreFun

legendary

Activity: 1008

Merit: 1003

WePower.red

Quote from: Okurkabinladin on November 29, 2013, 07:23:16 AM

Quote from: wilfried on November 29, 2013, 07:17:41 AM

so its very calm on gox, china is awake, europe is awake, usa starting the day, any explanation for the boredom?

Silence before storm Wink

during evening Gox and China will make a run on gold parity. What happens when they get there is anyones guess.

Nothing speacial will happen, only that 1 BTC will be more expensive than 1 oz.

Okurkabinladin

hero member

Activity: 574

Merit: 506

Quote from: wilfried on November 29, 2013, 07:17:41 AM

so its very calm on gox, china is awake, europe is awake, usa starting the day, any explanation for the boredom?

Silence before storm Wink

during evening Gox and China will make a run on gold parity. What happens when they get there is anyones guess.

wilfried

sr. member

Activity: 288

Merit: 250

ManualMiner

so its very calm on gox, china is awake, europe is awake, usa starting the day, any explanation for the boredom?

gandhibt

full member

Activity: 238

Merit: 100

Quote from: Shermo on November 29, 2013, 06:51:17 AM

Quote from: SnowMonkey_CG on November 29, 2013, 06:32:25 AM

Quote from: Drabla on November 29, 2013, 06:29:03 AM

One thing that didn't come across/wasn't discussed is that you can divide Bitcoins into smaller parts.

I think we need to move to mBTC before folk begin to understand this.

A guy at my work didn't understand this either and he's a programmer like me. He assumed that they could only be moved in whole units and didn't understand how that would work if its a currency. When I explained it can be divided to 8dp, and that could be changed in the future he was like "ahhhhhhh that makes a lot more sense"

When you have studied bitcoin a long time yourself it might come as a shock how little common folk know about this.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Shermo

sr. member

Activity: 272

Merit: 250

Quote from: SnowMonkey_CG on November 29, 2013, 06:32:25 AM

Quote from: Drabla on November 29, 2013, 06:29:03 AM

One thing that didn't come across/wasn't discussed is that you can divide Bitcoins into smaller parts.

I think we need to move to mBTC before folk begin to understand this.

A guy at my work didn't understand this either and he's a programmer like me. He assumed that they could only be moved in whole units and didn't understand how that would work if its a currency. When I explained it can be divided to 8dp, and that could be changed in the future he was like "ahhhhhhh that makes a lot more sense"

SnowMonkey_CG

newbie

Activity: 38

Merit: 0

Quote from: Drabla on November 29, 2013, 06:29:03 AM

One thing that didn't come across/wasn't discussed is that you can divide Bitcoins into smaller parts.

I think we need to move to mBTC before folk begin to understand this.

Drabla

member

Activity: 104

Merit: 10

Pecunia non olet

They did just now talk with an 'expert' on SWR3 ( big german radio)

The talk was much more positive than yesterday.

One thing that didn't come across/wasn't discussed is that you can divide Bitcoins into smaller parts.

I think we need to make sure people understand this.

Apparently there is also a financial institute/entity in germany that is planning on making BTC more easy to buy/trade for the average Joe.

Overall bullish news

keewee

legendary

Activity: 1025

Merit: 1000

Was helped along with that huge 500 btc buy

keewee

legendary

Activity: 1025

Merit: 1000

New ATH on Bitstamp, $1051.68

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

MahaRamana

sr. member

Activity: 338

Merit: 250

Quote from: BTCSTOCKZ on November 29, 2013, 05:23:44 AM

Quote from: NUFCrichard on November 29, 2013, 05:08:06 AM

Gold is safe, bitcoin isn't.

Bitcoin is based on military grade cryptography, not "safe"..? LOL! Cheesy

Safe in the sense that gold and silver have been around for thousands of years and we know that it holds value well in all circumstances.
While bitcoin has been there for a few years and we are at a point in the history of humanity where nobody can possibly know where we are going at social/economical/technological/political/environmental level which creates much more uncertainty on bitcoin than on gold and forces to admit that bitcoin could be worth zero in a minority of scenarios while gold will hold its value with more certainty.

BTCSTOCKZ

newbie

Activity: 28

Merit: 0

Quote from: rpietila on November 29, 2013, 05:36:21 AM

Quote from: BTCSTOCKZ on November 29, 2013, 05:19:16 AM

Wow, that was a fast ignore. Generally I ignore only after 30 days in the forum but this was an exception.

^what this dude is pissed he sold to early? LMAO!! Cheesy

*btw* you can't ignore as Bitcoin is pushing to/\5OOO+

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