Quote from: AnonyMint on April 03, 2014, 10:19:25 AM

Quote from: rpietila on April 03, 2014, 09:05:55 AM

Quote from: Bitcoin_is_here_to_stay on April 03, 2014, 08:14:21 AM

Quote from: rpietila on April 03, 2014, 07:03:34 AM

I am still "mopping up excess liquidity" from bitcoin markets. So if you want to sell at a slight discount to the exchanges, contact me.

I understand you want to buy as cheap as possible - but why anyone would sell you btc below market prices?

I think that should be obvious. Exchanges are a bunch of crooks who steal both your USD and BTC, and as a bonus your identity. Small amounts I can instapay -7%, larger amounts up to BTC1,000: -5%.

Okay folks there you have it. So if Bitpay is not a crook, then you can expect to lose 14% of your capital in exchange spreads (+fees) just to support Bitcoin merchants by irrationally spending your BTC to them via Bitpay, then buying back BTC from Risto (or similarly uncrooked market maker).

Quote from: Mervyn_Pumpkinhead on April 03, 2014, 10:15:03 AM

Quote from: AnonyMint on April 03, 2014, 10:07:38 AM

Quote from: Mervyn_Pumpkinhead on April 03, 2014, 10:05:53 AM

Quote from: AnonyMint on April 03, 2014, 10:02:49 AM

Risto I thought we were working to liberate the world? What are you doing now?

I don't understand you now. What happened to you?

The loudest liberators are usually the biggest crooks. Always been like this, and always will.

That is not true. The loudest are small time crooks. The biggest crooks are hidden. And that is a fact.

Please if you want to say I am crook, just say it.

Well, that depends a lot. For instance in politics, the loudest liberators are the biggest crooks. And if you take a subtle person, and compare him to a person that is very loud on plans to "liberate everyone from themselves", then it's a lot more probable that the loud one is really a crook. The same mostly applies to the "bitcoin world liberators", who act like they are about monetary freedom, but really they are after personal wealth by wealth redistribution, while not caring that bitcoin would actually create bigger distribution problems then we currently have.

Risto is loudly pushing the concept that Bitcoin is growing 12X in price per year. Whereas my crudely fitted log-logistic adoption model says very roughly 10X every 16 to 20 months.

I disagree with both of you because bitcoin seems to have trouble getting past certain financial thresholds that are critical to further growth.
I still don't care much about bitcoin, but I care about the idea that bitcoin brought forward. To me, bitcoin's maximum potential is the cash transfer service, but it will never reach there with the current quality market system. I'm optimistic about the future and waiting to see see if someone could actually create an open-sourced digital currency, that would work like an actual currency, not like an overly simplified play money.