961
|
Bitcoin / Project Development / Re: [ESHOP launched] Trezor: Bitcoin hardware wallet
|
on: November 11, 2014, 11:57:34 PM
|
How many units sold total? Only a rough number!
roughly few thousands I would think that most of your potential clients (the people who would consider buying a Trezor) own 10 bitcoins or more. Let N be the the number of such persons in the world. Check the distribution of bitcoins by addresses as of block #320000 (2014-09-10 13:55:18) There are only ~115'000 addresses with 10 BTC or more in them. Methinks that this number is an upper bound for N. (While there may be people who own more than 10 BTC, but keep them split among several addresses, there must be also people who own several addresses with 10 BTC or more in each. So these two errors should cancel to some extent.) So, if you sold several thousand units already, you may have already attracted several % of the potential clients. That is quite good for a product barely out of the factory. It is also likely that several tens of thousands of those N clients cannot read English and the other languages that Trezor supports, and therefore are temporarily out of the market.
|
|
|
964
|
Bitcoin / Hardware / Re: BFL fucked us over again
|
on: November 11, 2014, 06:21:39 PM
|
How much did the various BFL models really cost to build?
Suppose a company collects (say) 5 M$ from 5'000 customers, charging 1000$ each for one piece of equipment that cost them only 250$. They promptly build 20'000 machines with that money, and set them to mine. Only a year later, when the machines are uselss, they deliver 5'000 of them to the customers. In that year they mined 50 M$ worth of bitcoin.
How much have they stolen from their customers? How much should they be forced to return to them?
|
|
|
966
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: November 10, 2014, 07:26:03 PM
|
LOL there's 539 coins total for sale on the Huobi order book. They are out of bitcoins to dump! This short squeeze is going to be epic.
3000 now Order books on some chart sites (such as BitcoinWisdom) are truncated after a certain number of entries. Robots spam the order books of Huobi and OKCoin with zillions of small orders, so the books are often truncated at shallow depths. This trunctation is very confusing to traders who are not aware of it. The sites should print "..." or some other indication that the order books are truncated.
|
|
|
967
|
Other / Off-topic / Re: Answer the question above with a question.
|
on: November 10, 2014, 06:32:22 PM
|
Whats difference that's gonna make?
why should it make any difference? Shouldn't any action at least make a difference? Even a full turn? At one time, weren't full turns considered odd? When was that, in the Middle Ages? Are you screwing with me or will I be left on this rack alone? Do you prefer to be left alone with Macaulay Culkin? Would he give me some drugs? Did you know that the anagram for Some Drugs is Grum Doses? I may have heard of a grim groom who took grum in gram doses, is it true? Why are you always grummin' up the facts? Does "grumming" have anything to do with grommets?
|
|
|
968
|
Other / Off-topic / Re: Answer the question above with a question.
|
on: November 10, 2014, 06:08:25 PM
|
Whats difference that's gonna make?
why should it make any difference? Shouldn't any action at least make a difference? Even a full turn? At one time, weren't full turns considered odd? When was that, in the Middle Ages? Are you screwing with me or will I be left on this rack alone? Do you prefer to be left alone with Macaulay Culkin? Would he give me some drugs? Did you know that the anagram for Some Drugs is Grum Doses? I may have heard of a grim groom who took grum in gram doses, is it true?
|
|
|
970
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: November 10, 2014, 03:07:20 PM
|
Ukraine is in the middle of a bloody civil war that was financed and enflamed by none other than America's CIA agency.
The last thing anyone in ukraine is worrying about would be bitcoin.
If your national currency is plummeting there would be plenty reason to think about bitcoin. Since January, Ukraine's currency lost 43% of its dollar value. Bitcoin lost 56%. Not yet, maybe soon... (Erm, it used to be the evil bankers who drooled when a coutry was collapsing.)
|
|
|
972
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: November 10, 2014, 01:03:25 PM
|
It's not that easy to do, bitstamp needs pics of your ID, you holding them, and notarised copies of everything with the pics of notarised copies taken at an angle. You can't use an unknowing smurf, they need to be in on it.
True, they can't do that without the person's being "in"; but that does not mean much. Here in Brazil those money laundering props are called "oranges", I don't know why. They usually are low rank employees -- drivers, janitors, construction workers. They will do what the boss says, without trying to understand what it implies or is for.
|
|
|
973
|
Bitcoin / Project Development / Re: [ESHOP launched] Trezor: Bitcoin hardware wallet
|
on: November 10, 2014, 12:49:25 PM
|
Trezors are critical for the mainstream adopters though who have no clue how to secure a computer.
Unfortunately, those computer-naive bitcoiners are also the most likely to fall for "social engineering" hacks, misuse the Trezor, and lose their coins in spite of it. According to some estimates of bitcoin's wealth distribution, most of the people who own some bitcoin own only 1 bitcoin or less. The Trezor is not worth the expense for them.
|
|
|
974
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: November 10, 2014, 12:42:44 PM
|
Or unverified accounts are just moving coins out of bitstamp.
that is not possible as of last year... I guess that the easiest way out for an unverified account holder is to borrow the legit ID of some poor chap, without his knowledge or in exchange for a small sum; and then withdraw BTC to the holder's wallet. That route is used for money laundering, but it is risky since the money can be followed through the chap's bank account to the holder; whereas the BTC can't.
|
|
|
976
|
Bitcoin / Hardware / Re: BFL fucked us over again
|
on: November 10, 2014, 06:17:41 AM
|
Made no sense to have the EMC cold wallet not turned over to the FTC as ordered by the court and the hot wallet used for keeping EMC pool operating. Zerlan testified that neither wallet had been surrendered as the court had ordered. Perhaps it has been lately
If it had been turned over, the receiver should have transferred all the coins to a new address. That was the only way to secure them, akin to freezing their bank accounts. Either it was not turned over, or it was but the receiver did not realize that he had to transfer them.
|
|
|
977
|
Economy / Speculation / Re: SecondMarket Bitcoin Investment Trust Observer
|
on: November 10, 2014, 06:08:25 AM
|
I'm sorry, but "If our data is inaccurrate, then don't use it" isn't a justifiable defense. If your data is meaningless or misleading, you shouldn't be posting it. This thread is starting to become the "boy who cried wolf", it is inaccurate so often nowadays, you don't even believe it when you see it. It's become a joke. And to continue to post bogus data is dangerous and immoral.
The thread owner is doing his best to interpret scant data that SMBIT publishes. If that data is inaccurate or misleading, blame SMBIT. I don't recall he ever presented this site as anything else, in particular as a trading guide. And, by the way, SMBIT is supposed to buy or sell 0.1 BTC whenever the public buys or liquidates one of the fund's shares. Thus, them buying or selling is independent of what they think the price will do, it only reflects what their customers think. They are no more likely to have "insider info" than the traders at the exchanges. This data is very valuable as an indication of the public acceptance of bitcoin funds like SMBIT. I wish there was similar data for PBP and other funds. I hope the thread owner continues to post it.
|
|
|
978
|
Other / Off-topic / Re: Answer the question above with a question.
|
on: November 10, 2014, 04:24:04 AM
|
Whats difference that's gonna make?
why should it make any difference? Shouldn't any action at least make a difference? Even a full turn? At one time, weren't full turns considered odd? When was that, in the Middle Ages?
|
|
|
979
|
Bitcoin / Hardware / Re: BFL fucked us over again
|
on: November 10, 2014, 04:18:04 AM
|
I would say that blockchain evidence of BFL laundering money via bitcoin is a moot point. The point is that they were mining with customer machines for probably months when they should have shipped the machines to their customers
The point is that the assets of BFL are supposed to be seized in order to refund the customers. Those bitcoins formerly in 1QAH are believed to be assets of BFL, and perhaps mined with the customers machines.
|
|
|
980
|
Bitcoin / Hardware / Re: BFL fucked us over again
|
on: November 10, 2014, 03:14:33 AM
|
Bruno, would you please explain something to me?
In the shot of the walletexplorer for 1QAH in you last post, it looks like all nice round sub-lots to me. Some big (10,000-size), and many "small" in the hundreds.
Why do some posters say that the last few days' emptying of that wallet entails many strange little transfers and all kinds of apparent shananigans?
Follow those transfers out of 1QAH, they branch out into many chunks of weird sizes (all in quick succession).
|
|
|
|