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Absolutely. And if anyone wants to speculate in bitcoins and hopes they go up in value, the real key to it is making the process simple enough for a lay person to do it. Current steps for me are: 1. Mine bitcoins in a bitcoin pool (mining.bitcion.cz) so I can get 1-2 bitcoins per day...

It is hilarious. I wonder how many of them actually paid money to buy coins instead of just mining/selling. At this stage, bitcoins should really only be used for a transaction. If you want to make an anonymous transaction: 1. Buy the exact amount of bitcoins needed for it 2. Make...

In the simplest terms... it is figuring out/solving/discovering new bitcoins. The best analogy I can think of is prime numbers. As you know, the larger you get in numbers the harder it is to find prime numbers. Same deal with bitcoins. New bitcoins are literally discovered, similar to...

Except that bitcoin is open source. Here is the source code: https://github.com/bitcoin/bitcoin I suspect that if it were behind the Sony hack, the FBI/NSA juuuuust might find that link, download the code, and -read- it to see if that is what it is doing.

Actually you proved that you can't read. For example, that graph shows the total ghash of all computers working on bitcoins. $1million, 833 top end computers, represents 1/8th of the productive capacity. You are so wrong on your analysis it is laughable.

First off, we have no idea of knowing if the story is even true. It could just be a funny story. Second, bitcoins are like cash. If you lose your cash, its lost. This guy basically left his door open to his house and thief came in and took it.

I lol'd so hard when I saw that.

You don't know how to read, or divide, or multiply. You don't understand supply and demand and the impact on exchange rates. Good luck in your future endeavors!

LOL. I know you are being sarcastic. But, I just want to say for the record that I don't think anyone should do that. I don't think anyone should even put serious money into. It is cheaper than plane ticket and hotel stay for Vegas to start printing up some bitcoins or trade them. So...

Yes. The process of creating bitcoins is like SETI. You can buy cocaine with them.

Gee, it gets harder and harder to make bitcoins? No shit sherlock. And more people are learning that they can use bitcoins for anonymous online transactions? Think that makes demand go up? It does not matter that the production pace of bitcoins goes down in nominal terms if the demand for...

Thats fine. The cash in my account is nice. The fewer people produce them, the better for me.

You are 100% correct. All a breakthrough like that would do is change who has market share on the supply side. It would be akin to Exxon discovering a sea of oil that is 100x greater than the rest of the world's oil supply combined and a method to get it that is 100x cheaper than current...

I believe the 2040 time estimate is based on what is currently attainable with modern hardware. By 2040, computers will be far more powerful. My understanding is that it throttles to an asymptope of 0, not 0 itself. Also, bitcoin valuation is just like any other commodity. It doesn't...

You are 100% wrong. You are reading forum posts from 2010 when a bitcoin was worth $1. Go back to stocks.

Alright guys. I am a computer guy, econ buff of the Austrian bent, etc. In one sentence: Bitcoins are a secure and anonymous internet currency backed by the processing power of the computers behind them. Details: How they are created: Bitcoins are produced by people running...

http://tech.fortune.cnn.com/2011/06/06/does-mason-want-to-get-out-of-groupon/ Pump and dump

Truth is it is just a sliding scale. The more risk you take the more you are compensated on it from yield. The less risk, the less compensation. I compare the various options to try to find the optimal expected return based on probability of touch/closing relative to r/r and base my decision...

K.

I am not a day trader if that is what you are saying. I mostly do monthly options spreads with varying approaches for varying market conditions and underlying. I will never be a day trader, nor do I have any desire to be one. I prefer to sell you losing lottery tickets.