Bitcoin Forum
April 25, 2014, 02:08:27 AM *
News: Due to the OpenSSL heartbleed bug, changing your forum password is recommended.
 
  Home Help Search Donate Login Register  
  Show Posts
Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 [38] 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 ... 94
741  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 14, 2014, 04:35:25 AM
With every passing day WWII's impact on the world decreases, while the impact of the Internet does exactly the opposite.

The world *today* makes no sense if you do not know about WWII.

(WWII made no sense either, but we need not go further back because it made no sense at all.  Undecided)
742  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 14, 2014, 04:06:50 AM
The internet has much, much greater impact on society [ than WWII ].  Wars just rearrange the administration.  The internet is change in the material basis of human life.

I suppose so, if your life fits in a bowser's window.

Seriously, I can't believe that you have no idea of what WWII was, and what did to the world.



743  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 14, 2014, 03:21:32 AM
I generally agree that technology alone won't solve problems by its own very often. But technology can change societies fundamentally. The control of fire, the wheel and electricity are some examples.  A recent one is the internet. It may strenghtend (some) power structures, but it weakened some as well.

Evaluations of social impact are inevitably subjective, they depend on what aspects of society one considers fundamental.

There were a handful of technologies that did change society in fundamental ways.  Perhaps the development of agriculture is the best example: it tied people to the land, and that had a profound effect on all aspects of society - property, inheritance, marriages, settlement size, houses, roads, water and sewers ... Horse riding was another one: it led to societies that subsisted by plundering other societies, vast kingdoms and empires, mobile armies, ....

I doubt whether fire had that much an impact, at least in pre-historic times.  Looking at the surviving hunter-gatherers, it seems that fire makes a material difference but is not fundamental.  I believe that if those people somehow lost the technology, their lives would be harder, they may have to change their territory and diet, and may dwindle in number; but their way of life would not change substantially.

But fire certainly allowed humans to extend their geographical range, and became fundamental over millenia as it was an ingredient in other technologies, like ceramics, metallurgy, chemistry etc..

Ditto for electricity: its first large scale application was lighting, and that by itself it did not change society much: it was merely a better replacement for gas lighting, which was only an improvement on oil lamps and candles.  Later inventions based on it did have some impact -- although not always as much as one may expect.

Cinema had a bigger impact on society than electric lighting: it changed people's goals and ideals around the world, the way they spent their sunday evenings, the way young people dated... Radio, TV, recorded music --- they had a large commercial impact, but I can't think of any fudamental social change that was directly caused by them.  As distributors of information, I doubt whether they were much more efficient than newspapers.  Even as instruments of centralized political brainwashing they were only mildly effective: to make a totalitarian state or a revolution one still needed an extensive pyramid of bullies and propagandists spread among the people.  Perhaps the biggest impact of radio, TV, and audio technology on society was that it drastically reduced the time people spent with other people, and replaced it by the passive absorption of canned entertainment.

Electrical appliances like washers, refrigerators, and microwave ovens had a big impact by freeing women from domestic chores and making them avaliable for work outside the home.  Refrigerators and cars also replaced the daily visits to many small local markets by weekly trips to a few giant supermarkets.

As for the internet, see above. The internet did not "fundamentally change society". It made many things much more efficient, from shopping to dating to learning sumerian.  It replaced some industries by others, moved a lot of money from some pockets to other pockets.  Killed more small shops (like bookstores) and department stores, and replaced them by huge centralized e-comerce stores.  But, by and large, societies and governments all the world carried on without much change.

If you go out in the street and look at the real things -- houses, buildings, roads, cars, clothes, hot dogs --- and don't read the ads, you will hardly see anything that you would not have seen if internet had never been invented.  Almost everyone that I know still works, lives, travels, etc. pretty much as they would if there was no internet; a little better, more conveniently, cheaply, faster -- but not vastly better, can't even say much better.

I don't know your age, but having lived through it I would say that the personal computer had much more impact on society than the internet; and the impact of the electronic computer itself was MUCH bigger still.

I also tend to think that a lot of social and political actions are necessary for a change to the better. But especially bitcoin can be seen as some kind of a catalysator. There were ongoing protests against the structures of banking before bitcoin became well known. And the adoption of bitcoin itself can be seen as a kind of protest. The creation and adoption are social acts - and they have effects. [ ... ] It won't solve every problem, but maybe it helps to solve some. And even if it fails, it was a nice try. Or if the outcomes (like the vanishing of banks and governments in total) are not as projected (which they won't...), I tend to think that it is hard to get worse than now. [...] To make the argument clear, I think that technology just never stands alone. It is always embedded in some social-political context and the usage is often a social act in itself (and sometimes also a political one).


I can agree with that, basically --- except that I would say "crypto-currencies" than "bitcoin".

Not everyone is here solely for the purpose of making money.


I understand that. However, I have the impression that owning some bitcoin drastically changes one's estimates of probabilities and discourse.  It is a very human weakness, I am afraid I would succumb to it too...  That is why I am following Marc Andreessen's example. Wink

And of course technology helps to gain freedoms that governments deny. For example, the Tor-network gives people in China the possibilities to inform themselves without censorship. Bitcoin helps people in almost every country to buy illegal substances (not that the technology would be necessary, but still).

People who use Tor in China are presumably at risk of being tracked down and punished; if so, I bet that most Chinese would rather not use it.  So it is stretching things a lot to say that "Tor has liberated people in China from news censorship".

Indeed, during the Arab Spring revolts, the Internet may have helped the repressive governments to track down dissidents, more than it helped the dissidents themselves.

As for illegal drugs, using bitcoin may be more risky than paying cash on delivery.  Indeed, if the police seizes the drug dealer's emails (or if the dealer is a lamo), the blockchain can be used to prove in court that the client did pay for a drug sale, thus validating the email and voiding any claim by the client that he changed his mind before completing his part of the deal.

You want to bet a pizza and a beer that bitcoin will be at a higher price level a year from now and therefore prove to be a good store of value, investment and hedge on inflation?  Name your time frame.  Name your toppings. I think you'll be eating crow.

I bet only when I believe I am right and the other guy is wrong.  I do not bet for gambling, when the odds are 50-50 or impossible to estimate (as is the case with bitcoin prices).

A guy who invested in a game without knowing the odds made a bad investment --- even if he happened to win the jackpot.  If you do not agree with this, we have a language problem at least.

Are you honestly suggesting that black markets don't exist?

Black markets are generally irrelevant, in terms of quantity and of social impact.

Are you really ignoring that the internet fundamentally changed society and is the reason the protests and revolutions from 2011 on are even possible despite the wishes of local dictators?

Computer nerds like me, who spend their day glued to a screen, like to think that the internet played a central role in the Arab spring and other revolts of 2011.  There is no lack of intenet pundits that will gratify our egos by repeating that.

But that is bullshit.  The revolts were made with people going out to the streets, people unhappy with their lives, people angry about the deaths of friends and family.  With mobs and guerrilas, with machine guns and Tomahawks, with trucks and fuel, with foreign special forces and and mercenaries, with money, orders, intelligence.  The internet may have helped a little, but mostly what it did was to give us, couch potatoes outside those countries, a voyeuristic taste of the action.

All considered, the internet failed even as a mere source of information for the outside world.  Thousands of videos were circulated, millions of tweets were tweeted, but that storm of disconnected, out-of-context, and unreliable bits of data contained very little real information.  I followed the Lybian revolt in particular, devoured all the bits and frames that I could get, but to this day I do not understand at all what happened there.  The internet was better than the obsolete media, sure; but even a blank wall is better than that.

Posting about government in a way that reads "government is omnipotent" between the lines, and mentioning the French Revolution in the same post seems quite ironic indeed.

It is not. You cannot topple a government with a new wonderful internet protocol. You need a revolution for that.  

(I wonder whether the French Revolution really happened, though. There was no internet then, how could they have done it?)

Stolfi trying to argue the internet has less impact than French Revolution, World War II, or the end of Apartheid... almost as bad as Richy trying to persuade us the world doesn't need roads.

My parents lived in Italy through most of Fascism and World War II.  You arrived here form Mars in late september or early october/2013, did I guess right?

Equating the impact of the internet on society to that of WWII must be the stupidest thing I have read in this millenium.

744  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 14, 2014, 02:45:46 AM
Welcome to Bitcoinia!


I swear that I read "Bitcoinica"  Wink
745  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 13, 2014, 09:02:12 PM
I haven't got a PhD in computer science, however, I came to realize that bitcoin is so fascinating, that one has to be a fool to neglect the consequences that arise from this technology.

My knowledge of programming and computer science may be limited, but one must be quite narrow minded not to see the broader picture here.

[ ... ]

I for one believe that bitcoin is something much grander than we can even comprehend right now.

As humanity makes the transition from a type 0 civilization (the most primitive type of a civilization on the Kardashev scale) to a planetary civilization, bitcoin could indeed mark a step towards a global economy. Everything becomes globalized and digitalized, so why not currency? Bitcoin is a normal step towards a digitalized world economy.

As I wrote many times, I have no doubts about the technical aspects of cryptographic currency; and if it succeeds at its basic original goal --- a cheap, fast, relatively uncomplicated method for internet payments, especially across borders -- I would be most happy, and certainly will use it.

However, I am more than a bit skeptical about its chances of success; not for technical reasons, but for several economical and political problems that I have yet to see adequately answered.  But I have already written about them, and they are not the point here.

I also have a very strong and negative opinion about *bitcoin as an investment*, a topic which is completely distinct from that original goal. But I have already written about that too, and it would be pointless to repeat it here.

I resent this recurrent implication that anyone who does not adore bitcoin must be very stupid, stubborn, or have hidden motives.  If anyone is clinging to old beliefs, it is the bitcoiners who still claim that "governments cannot stop bitcoin",  altcoins are not viable because of the "network effect" and "first-player advantage", "bitcoin will be extremely valuable because of its limited supply", and so on.  Bitcoiners could be forgiven for believing those claims a year ago, but the facts now have categorically disproved them.

In particular, I cannot understand why some bitcoiners still believe that crypto-currency in general, and bitcoin in particular, will free them from governments or banks.  If that is what you expect from bitcoin, prepare to be severely disappointed.  Governments can render cyptocurrencies useless with a single stroke of the pen; we saw that happen in China and other countries.

More generally, one cannot expect that a technological invention, by itself, will bring fundamental social, political or economic change.  The people whose wealth and power could be threatened by such change will fight it, with all the resources that their wealth and power gives them.  In particular, technology cannot give to the people of a country any freedoms that their government is denying them.

GPS made a big difference in travel and other fields; Google made information vastly more accessible; Wikipedia put old encyclopedias out of business; and so on -- but none of those inventions changed society in a fundamental way (like, say, the French Revolution, World War II, or the end of Apartheid did).   If anything, technological advances only strengthen the existing power structures.  Big social/political problems can be solved only with lots of social/political action.  With luck, crypto-currencies may have similar impact as those technologies -- but they will have the same limitations.

Then there is the question of the bitcoin "ecosystem", the people and businesses that have collectively taken possession of the technology and/or are exploting it.  Sure, in theory bitcoin is a pure abstract concept that is not affected by them; but in practice, for the common people, the word "bitcoin" includes Silk Road, a couple dozen still-unpunished scams (like MtGOX and BitcoinRain), the salesmen who claim that bitcoin is a good hedge against inflation, and much more.   It is hard to love the bitcoin skeleton when the meat around it is so rotten...

(For example, several hundred thousand bitcoins are now owned by the MtGOX thief, and there seems to be little hope or will to identify that thief and return the coins to their rightful owners.  If bitcoin were to succeed as bitcoiners hope, that thief would own several percent of all the money supply in the world.  You expect me to root for that?)

I've got a PhD in theoretical physics [ ... ]

Well, that may explain it:  I understand that to do theoretical physics these days one must learn to suspend one's skepticism first.  Wink  By the way, the last time I made a bet with someone, I won a pizza and a bear beer from a theoretical physicist who was absolutely sure that the OPERA results were correct.  Grin
746  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 13, 2014, 02:38:11 PM
Here is the latest 3D chart from my subscription based newsletter "BTC and KPOP daily update":
[ snip chart ]
I must admit that Bitcoin already made a substantial and permanent contribution to the world economy, by demonstrating how technical analysis charts can be dramatically improved by iconic images of various life forms.
747  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 13, 2014, 02:02:07 PM
For concreteness, suppose they have 100,000 BTC previously spread out over that many addresses, and start sending out 10-satoshi transactions between those addresses with 1 satoshi of fee.  They can send 10^13 (10 trillion) such transactions before they run out of coins.  Would the network handle that?

Not exact numbers, but useful numbers for reasoning, approximately correct: You can pack about 20,000 xns into a block. To outcompete other xns you need to pay > 0.0001 btc per xn.  Filling a block to deny service for 10 minutes requires 2BTC.  100,000 BTC would deny service for 500,000 minutes, about 11 months.  

In practice I would expect fees to rise quickly, as miners observed the attack and began to take steps.  I could see such an attack lasting for a week or two, depending on how quickly measures were taken and how well co-ordinated the major mining pools were.  More likely a day or three.  There are a zillion ways to break the attack vector.   Miners are ever and always the defenders of the network.

Thanks! 

The Evil Lords also have huge computer farms.  Could they enhance the attack by using them for mining?

(Not that I think that the US government would use such a complicated method. If they ever decide to stifle cryptocoins, they will just declare them illegal tender, like China did.  Unless the FBI and/or the NSA see such an attack as a way to justify a budget increase.   Smiley)
 
748  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 13, 2014, 01:13:40 PM
I'm very disappointed by Jorge since a long time. His signature is very misleading! He claims to have an academic interest, but formed his opinion way before he really researched and understood how the network works. There is nothing academic in such an approach. Its okay to have a negative attitude towards bitcoin and being sceptic. But I kind of hoped that he would bring in some reasonable claims inside this circle of enthusiasts.

I've been wondering about that myself a bit. The only reasonable conclusion apart from Jorge trolling is that he is conducting some form of sociological research on the bitcoin community but I somehow doubt it.

I have written several times what is my opinion of bitcoin. Please read it (you may be even more disappointed then).

No, I have no interest in sociological research on the bitcoin community. 

And yes, I have a PhD in computer science, that I got by asking stupid questions.
749  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 13, 2014, 12:38:37 PM
I googled for 'Neo & Bee March' and got this:

  Bayer kills bees: neo-nicotinoid pesticides proven toxic to bees
  http://bayer-kills-bees.com/

Is this bullish or bearish?  Grin
750  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 13, 2014, 10:57:08 AM
So here is a stupid question to kill time: Suppose the Evil Lords decide to use the bitcoins seized from Silk Road and other places to kill bitcoin by spamming it with billions of tiny transactions, as fast as they can.  How would the network defend itself from that attack?

I am guessing, but I thought that the network just processes transactions in the order received, and if there is a fee attached, then those transactions are processed first. 

Billions is a lot... and I suppose that the problem could be made worse by creating some repetition of the transactions - after the first ones are processed, they are put back into the cue.

 If there are so many transactions that the network is overwhelmed... the network may go down for a period of time. and then maybe a fork in the code to restart?  YES>... I am continuing to guess.

You know you have an anti-fragile system when the worst thing your enemies can do is throw money at you.

Like, dumping ten tons of pennies over you. Wink

For concreteness, suppose they have 100,000 BTC previously spread out over that many addresses, and start sending out 10-satoshi transactions between those addresses with 1 satoshi of fee.  They can send 10^13 (10 trillion) such transactions before they run out of coins.  Would the network handle that?
751  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 13, 2014, 06:22:40 AM
So here is a stupid question to kill time: Suppose the Evil Lords decide to use the bitcoins seized from Silk Road and other places to kill bitcoin by spamming it with billions of tiny transactions, as fast as they can.  How would the network defend itself from that attack?
752  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 13, 2014, 06:19:27 AM
It is 2pm in China already, and if trading keep going like it has been going all morning, the daily volume at Huobi and OKCoin will be a record low. 
753  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 13, 2014, 04:00:32 AM
In the late night hours when Huobi's trade volume is nearly zero, OKCoin has a very steady traffic (almost constant in the 5-min charts) averaging 12 BTC/minute.  In 24 hours that would be about 17 kBTC, more than the difference between Huobi and OKCoin.  Huh
754  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 13, 2014, 02:35:26 AM
Total trade volume today (Wed Mar/12 00:00-23:59 UTC) on the exchanges that I monitor was ~201 kBTC.  That is 38% more than yesterday's (146 kBTC), but still 62% less than last Wednesday (524).

Volume outside China increased 53% since yesterday (from 19 to 29 kBTC).  Bitstamp (12.7 kBTC) still leads. Bitfinex (7.29) recovered from today's low, but is still third, slightly below BTC-e (7.96).

Volume in China increased 36% (from 127 to 172 kBTC).  OKCoin is still ahead of Huobi (53% versus 45% of China's volume).

China's slice of the total day's volume fell slightly from 87% to 86%.
755  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 13, 2014, 02:16:31 AM
Daily volumes of BTC trade to/from USD and other national currencies (in kBTC):


             !    Wed !    Thu !    Fri !    Sat !    Sun !    Mon !    Tue !    Wed !                     
  EXCHANGE   !  03/05 !  03/06 !  03/07 !  03/08 !  03/09 !  03/10 !  03/11 !  03/12 ! Currencies considered

  Bitstamp   |  12.72 |  10.40 |  21.45 |   9.70 |   9.12 |  13.40 |   9.17 |  12.70 | USD                 
  BitFinEx   |   8.38 |   7.06 |  17.23 |  10.97 |   8.29 |  11.60 |   3.63 |   7.29 | USD                 
  BTC-e      |  11.19 |   5.69 |  13.54 |   8.71 |   6.52 |   7.16 |   5.09 |   7.96 | USD,EUR,RUR         
  Kraken     |   0.87 |   0.71 |   1.20 |   0.55 |   0.64 |   0.57 |   0.45 |   0.56 | EUR                 
  Bitcoin.DE |   0.40 |   0.34 |   0.38 |   0.31 |   0.20 |   0.39 |   0.41 |   0.37 | EUR                 
  CaVirtEx   |   0.22 |   0.22 |   0.24 |   0.12 |   0.15 |   0.13 |   0.18 |   0.13 | CAD                 
  CampBX     |   0.04 |   0.03 |   0.07 |   0.03 |   0.02 |   0.05 |   0.06 |   0.04 | USD                 

  SUBTOTAL   |  33.82 |  24.45 |  54.11 |  30.39 |  24.94 |  33.30 |  18.99 |  29.05 |                     

  OKCoin     | 286.05 | 139.37 | 109.70 | 146.46 | 136.24 | 119.00 |  68.50 |  90.60 | CNY                 
  Huobi      | 196.00 |  92.40 |  96.37 | 119.46 | 103.51 |  95.10 |  55.00 |  77.90 | CNY                 
  BTC-China  |   8.04 |   5.58 |   4.87 |   5.08 |   4.24 |   3.34 |   3.11 |   3.16 | CNY                 
  Bter       |   0.31 |   0.32 |   0.32 |   0.28 |   0.21 |   0.27 |   0.34 |   0.49 | CNY                 

  SUBTOTAL   | 490.40 | 237.67 | 211.26 | 271.28 | 244.20 | 217.71 | 126.95 | 172.15 |                     

  TOTAL      | 524.22 | 262.12 | 265.37 | 301.67 | 269.14 | 251.01 | 145.94 | 201.20 |                     


All numbers were collected by hand from the site http://bitcoinwisdom.com. Beware of possible errors.

For each exchange, the numbers include only the trade volume to/from the currencies listed in the rightmost column. Trade between BTC and other cryptocoins, such as LiteCoin, is NOT included.

Dates on the header line are UTC. Specifically, "01/15" means "from 01/15 00:00:00 UTC to 01/15 23:59:59 UTC". (Beware that Bitcoinwisdom uses your local time, so the date may appear to be off by 1 day.  For example, if you are 2 hours west of Greenwich, it may show "01/14 22:00" when the UTC time is "01/15 00:00".)
756  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 12, 2014, 09:36:52 PM
http://mark-karpeles.com/m.php?page=notable
Roger Ver No.1 of the best 5000

Explains his vouching for MtGOX solvency?  Tongue
757  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 12, 2014, 09:31:42 PM
Stolfi, are you DDOSing the forum again? Look, I know you're an ultrabear but DDOSing the forum is just not cricket.

It can only be some trader who wants to deprive his competitors from the Chinese Slumber predictions.

758  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 12, 2014, 09:27:06 PM
Chinese Slumber Method prediction for Thursday Mar/13

Prediction valid for: Thursday 2014-03-13, 19:00--19:59 UTC (not before, not after)
Huobi's predicted price: 3783 CNY.
Bitstamp's predicted price: 631 USD.

Huobi

The red and green strokes are actual Huobi hourly prices.  The current prediction is the rightmost magenta square.  The blue square is the last prediction (see below), and the light blue-gray squares are the older ones.  The orange and grey dots are the Slumber Points, the mean Huobi prices at 19:00 UTC every day.  Each point is a Glyptodon if the hourly volume Vh for 19:00--19:59 UTC is less than 0.005 times the daily volume Vd 00:00--23:59 UTC; and is an Albertosaurus otherwise. The grey lines are trends fitted a posteriori to the Glyptodon Points. The orange line is the trend that was assumed for the above prediction. The Helix pomatia is a graphical indication of market sentiment as deduced from the contents of this thread.

By the arbitrary criterion I have been using, today seems to be an Albertosaurus (Vh/Vd = 474/80000 = 0.00592 > 0.005) and therefore an invalid data point.  Therefore, the prediction used the same trend used last time, a shifted exponential p(d) = A+B*Q**(d-4), where d is the day of the month, Q = 0.700, A = 3772.33, B = 268.94.

Bitstamp

The red and green strokes are actual Bitstamp hourly prices.  The dots, dinosaurs, mammals, lines, and magenta squares are Huobi's Slumber Points, dinosaurs, mammals, trends, and new predictions, scaled by the currency conversion factor R (6.40 for Feb/07--09, 6.00 since Mar/04, and 6.12 for all other dates).

(The Huobi/Bitstamp price ratio seems to have returned to R = 6.12 in the last few days, but I am sticking to 6.0 for now.)

Checking the previous prediction

Since today was an Albertosaurus, the prediction for today is officially void.  But, for the curious:

Prediction was posted on: Wednesday 2014-03-12, 05:26 UTC
Prediction was valid for: Wednesday 2014-03-12, 19:00--19:59 UTC

Huobi's predicted price: 3788 CNY
Huobi's actual price (L+H)/2: 3876 CNY
Error: 88 CNY (~14 USD)

Bitstamp's predicted price: 631 USD
Bitstamp's actual price (L+H)/2: 643 USD
Error: 12 USD

(Of course this is not very impressive since the prediction was posted only 14 hours ahead of the target time.)

NOTE: Dinosaurs became extinct.  Is that bullish or bearish?

759  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 12, 2014, 04:30:53 PM
Quote
400 toll-free numbers with prefix "4001" are international toll-free numbers which can be routed to destination numbers inside or outside of China. 400 toll-free numbers with prefix "4000", "4006", "4007" or "4008" are national toll-free numbers which can be routed to China destination numbers only.

Thanks.  Then the mystery, in the manner of soup to which cornstarch is added, thickens...  Wink
760  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 12, 2014, 03:53:35 PM
In that recent interview, Huobi's CEO said that they have 20 people on customer assistance.

I see that their phone numbers have a '4000' prefix.  Could that be paid service in China?  Could that be how they make money?  Wink
Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 [38] 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 ... 94
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!