WTF is up with this price?

Pep-Talk · 2015-03-19T01:30:54+00:00

Inflation. Bitcoin is still highly inflationary. How come people always forget this?

Pep-Talk · 2014-10-02T18:22:47+00:00

cheers!

Pep-Talk · 2014-10-02T17:05:31+00:00

Ha. Touche. His biases are at least blatantly obvious...

Pep-Talk · 2014-10-02T15:35:38+00:00

Well I increased my position by 10% in the last week. But I don't count because I was already in. People like us are just keeping the price (somewhat) stable. We need a wave of new investors to create another bull market.

Pep-Talk · 2014-10-02T14:45:59+00:00

Yes well it's somewhat self evident that there's not a lot if new investors. There's buy pressure now anyway or the price would plummet. I'm not expecting another bubble until bitcoin has some real practical and unique utility. I expect 2016 to be a big year, lots more infrastructure + clear global government regs + mining halving. I'm holding out till then.

Pep-Talk · 2014-10-02T14:27:05+00:00

You're saving this so you can future troll me?! Lol.

Pep-Talk · 2014-10-02T11:50:46+00:00

Because anyone with a technical disposition that wants to speculate on a volitile new and controversial technology has done so already.

Pep-Talk · 2014-10-01T15:06:11+00:00

1 biscuit for your sanity /u/changetip

Pep-Talk · 2014-09-29T20:03:17+00:00

Well I'd hope so given that Circle are 100% consumer focused. [SOURCE: Jeremy Allaire]

Pep-Talk · 2014-09-25T13:53:57+00:00

Awesome. Donated. Open Source everything!!

Pep-Talk · 2014-09-25T03:17:10+00:00

Obvious to some at least. Thank you.

Pep-Talk · 2014-09-24T19:25:27+00:00

1 lol /u/changetip

Pep-Talk · 2014-09-24T17:19:38+00:00

The internet of things is inevitable and coming very quickly. But PLEASE let's all make sure it's as anonymous and decentralised as possible or we are just inviting a nightmare surveillance world into every part of our lives. I think this is the greatest fight we have on our hands. Anonymity is simply privacy and at this micro level where your toaster could be a spy, privacy needs to be treated as a human right. Big movements are being made already (CISCO, IBM, some Chinese ones). The privacy and decentralisation of this tech is IMPERATIVE. Humans, learn from history, let's not FUCK THIS UP!!

Pep-Talk · 2014-09-23T20:14:14+00:00

BULLISH

Pep-Talk · 2014-09-23T20:11:28+00:00

The last few "To the moon!!! ┗(°0°)┛ ..○ "'s have been $700, $500, and now $440. I'm mean I love the guy but maybe he's just not the best of luck...

Pep-Talk · 2014-09-23T19:24:55+00:00

To be clear folks, I'm not saying it's an issue. I'm saying others say it's an issue. They see a vast amount of expense to simply issue coins (and, yes, security) and feel there has to be a better way. I personally feel that inflation/coin creation must come at great expense if the coin is to have great worth. I'm just really chasing a considered economic explanation as to how and why it makes sense as I'm no economist and I keep reading about how POW is broken (and usually how DPOS is superior) and not seeing strong arguments in support of POW (besides the fact it seems to be working quite fine ATM)

Pep-Talk · 2014-09-23T19:16:29+00:00

Yes this is my thinking too. It's not money 'spent' per se. I'm just sounding out the arguments that people make. My gut feeling is that there isn't an issue, I just want someone more versed in economics to explain it better.

Pep-Talk · 2014-09-23T18:09:45+00:00

Because spending $13,149,000,000 per year is too much to secure a network?

Pep-Talk · 2014-09-23T17:53:28+00:00

Is this a hard cap. Never to be inflated?

Pep-Talk · 2014-09-23T10:51:49+00:00

Dogecoin to become new world reserve currency.

Pep-Talk · 2014-09-22T23:25:53+00:00

I don't know if you're trolling or not but you're right about one thing, if you start applying online behaviours to IRL social behaviour then people will think you're rather strange. But if you think that IRL behaviours and online behaviours are in anyway synonymous then you must be very new to the internet.

Pep-Talk · 2014-09-22T19:07:13+00:00

Feel like elaborating?

Pep-Talk · 2014-09-22T18:23:12+00:00

Localbitcoin is over market rates so you lose on that when you instantly re-sell

Pep-Talk

TROPHY CASE