He's flying a flag - if Branson doesn't get seriously involved with Bitcoin infrastructure within a year, I'll eat my feet.
QFT.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31698. (Read 26608959 times)
November 22, 2013, 01:07:32 PM
QFT.
November 22, 2013, 01:06:57 PM
Bitcoin is still in beta and brilliant eggheads are working on it and there's now a shitload of people with a vested ($$$) interest in making it happen. The scaling issues will certainly be solved.
November 22, 2013, 01:06:15 PM
Superficially, the argument is: is logarithmic growth sustainable in the long run? In the long run, no it is not, unless you can always create more of the good (i.e. fiat money). So that rules out Bitcoin. But we've absolutely seen such growth over the span of several years.
The next layer was - well, new platforms, paradigms - they are capable of this logarithmic growth for many, many years (TV, telephone, internet). Bitcoin, should it succeed, will fall into this category.
Now granted, the answer to this question won't matter for at least a few more years - we still have so much adoption to do...but at some point, the shape of the end of that curve will become very, very important.
Logarithmic growth can't be the long term fit. Sqrt(x) seems like it would never have the rate-of-increase-is-increasing quality, which we are currently seeing.
Only recently (from BitchicksHusband?) did I see someone mention a sigmoid curve...which seems to be a proper fit, both in terms of the rapid rate of acceleration on the early end, and the eventual, necessary levelling.
Wish I knew for sure. Right now, the answer doesn't change my plan - buckle up and hold on :-)
November 22, 2013, 01:05:31 PM
As of now btc has higher evaluation on bitstamp (just a few $). Does it mean there's no more delay in gox fiat widthdrawals?
People who sold on Mt.Gox are still in denial and waiting for sub 500. I guess they underestimated Bitcoin again.That will be back, it would be silly to presume otherwise.
November 22, 2013, 01:05:07 PM
http://www.coindesk.com/virgin-galactic-will-accept-bitcoin-space-travel-says-billionaire-entrepreneur-sir-richard-branson/
I like this bit...."Branson reveals he has already invested in some bitcoins and encourages others to do the same."
He's flying a flag - if Branson doesn't get seriously involved with Bitcoin infrastructure within a year, I'll eat my feet. He's got a "nose" for new things, loves risk and he wants to go to the stars. It's worth studying him well because he's the one European Entrepreneur I know of who could pull everything together. Banking, Media, Retail..... Transport.
Choo Choo Motherfucker
November 22, 2013, 01:02:22 PM
https://blockchain.info/tx/1c12443203a48f42cdf7b1acee5b4b1c1fedc144cb909a3bf5edbffafb0cd204
Thoughts?
Thoughts?
Someone has 200M worth of BTC. holy crap
satoshi = no doubt !
November 22, 2013, 01:02:13 PM
Whats all this about bitcoin not being a convenient payment method? Scan QR code, click send, whats more convenient?
It will be really convenient once hardware wallets with cameras (for scanning QR codes) and biometrics (to prevent theft) start appearing. 
November 22, 2013, 01:01:16 PM
As of now btc has higher evaluation on bitstamp (just a few $). Does it mean there's no more delay in gox fiat widthdrawals?
People who sold on Mt.Gox are still in denial and waiting for sub 500. I guess they underestimated Bitcoin again. November 22, 2013, 12:59:06 PM
Whats all this about bitcoin not being a convenient payment method? Scan QR code, click send, whats more convenient?
November 22, 2013, 12:58:48 PM
Satoshi 
But yeah stuff like this keeps me awake at night
But yeah stuff like this keeps me awake at night
November 22, 2013, 12:57:25 PM
As of now btc has higher evaluation on bitstamp (just a few $). Does it mean there's no more delay in gox fiat widthdrawals?
November 22, 2013, 12:55:04 PM
I've been trying to answer the question, "what would the S-curve representing a hyper-monetization event look like on a log scale?"
I'm starting to think it would retain its S shape in both the linear and logarithmic scales.
I'm starting to think it would retain its S shape in both the linear and logarithmic scales.
November 22, 2013, 12:54:25 PM
Hey there partner. We don't like your superexponential kind 'round here, y'know. Too many bad memories. *twitch*
November 22, 2013, 12:50:54 PM
November 22, 2013, 12:48:44 PM
speculation is not just speculation. it buying and selling stuff, mostly US dollars but also chinese, and its happening because btc is very convenient for buying and selling stuff
Yeah, I don't buy it because actually, Bitcoin is the furthest thing from being a convenient payment rail. Government fiat and debit cards are still much more convenient. That may change in time. As a speculative instrument, Bitcoin has proven it can raise money. The rest, remains to be seen.
November 22, 2013, 12:48:34 PM
https://blockchain.info/tx/1c12443203a48f42cdf7b1acee5b4b1c1fedc144cb909a3bf5edbffafb0cd204
Thoughts?
Thoughts?
Someone has 200M worth of BTC. holy crap
Wow!!!
Cant it just be an exchange moving/consolidating stored funds around, or something?
November 22, 2013, 12:45:04 PM
November 22, 2013, 12:43:53 PM
I wonder what the fees and length of time would be to move $200M fiat. Oh noes only 7 transactions per sec!
November 22, 2013, 12:43:03 PM
Still with 7 transactions per second being the hard cap limit, I will always have a big bear in me telling me this will never grow out to compete with credit card companies. And also this issue can't be fixed.
You're wrong on more than one point. But I understand you're probably just trying to talk the price down, so cheers!
This!
http://www.washingtonpost.com/blogs/the-switch/wp/2013/11/12/bitcoin-needs-to-scale-by-a-factor-of-1000-to-compete-with-visa-heres-how-to-do-it/
Sounds like the centralization of Bitcoin around large mining farms will soon be complete. Doesn't really sound like anything to be cheering.
Not to me. To me it sounds like I should be running a full node, or maybe stick it on my step-daughters desktop because she never turns the fucking thing off anyway, so I'm already paying for the electricity
November 22, 2013, 12:42:41 PM
This is the very first quote I found by looking at your profile, but there are at least hundreds more:
When someone can explain to me how Bitcoin plans to retain value without any real way to use them, maybe I'll be bullish again. But all indicators tell me that, Bitcoin is a sinking ship. Doesn't matter what miners are using or doing. Without mass adoption, it's just monopoly money, propped up by speculators. And please, if you're going to try to spell it out for me, spare me the libertarian, bible thumping fantasies. I need to hear something with real world substance.
Your indicators indicated you very well.
So basically, you just made up that last quote? Ok, thanks for not calling me a liar.
A lot of this quote is still true. Is this not still pure speculation? Are you claiming "mass adoption" for Bitcoin?
Bitcoin hitting 900? Never would have guessed it. That's why I say, being bearish is futile...unless devs change the block size and centralize Bitcoin. Ripple has the payment network aspect taken care of.
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