That's a picture of BitPop. Shroomsy started out on bitcointalk by selling mushroom kits for Bitcoins by mail order from Holland. That picture of BitPop doesn't look like someone who's into hallucinogenic mushrooms. Are you saying Shroomsy the bear is BitPop the bull who started off his own BitPop coin?
But is it
really him? That's a very famous photo and I remember him putting up a modern image. I could see somewhere around zero resemblance but congrats if it is him.
I get your point after a Google image search for it, I didn't know how famous that picture is. That picture's used by hundreds of websites to depict a computer nerd. There's an artist who reproduced it as a painting entitled "Nerd in the Basement" which he's trying to sell on Amazon for $2,775.00. The artist says it's based on an an Internet meme image.
http://www.amazon.com/Nerd-in-the-Basement/dp/B00L849CSSRose Briccetti
Nerd in the Basement, 2007
Oil
Unique Work
Size : 44 x 46 x 2 in.
Price: $2,775.00
Sale: $2,220.00 & FREE Shipping
http://s18.postimg.org/jlb35aaix/nerd.jpgHahaha, could you imagine a world where that painting will end up becoming the next "Mona Lisa" in the future? This could end up being a steal at $2,800
Bitstamp bid support is growing like a boss. Love it.
Exactly what we need to ramp up to higher prices.
Sorry for the newb question... but where can I see instant transactions taking place on multiple exchange sites at once?
So essentially this price rise lately has been due to abunch of very wealthy Chinese ponzi schemers? Also, is the base price of bitcoin usually related to bitstamps prices over anything else? Just curious.
Bitstamp bid support is growing like a boss. Love it.
Exactly what we need to ramp up to higher prices.
Sorry for the newb question... but where can I see instant transactions taking place on multiple exchange sites at once?
You can also take a look at this:
https://hypron.net/bitcoinwisdom/Oh and by the way, I've taken a look at this site and this is exactly what I had in mind thank you... but it comes with another question... There seems to be quite a lot of sell orders on coinbase and doesn't really seem to move the market at all really. I also noticed that they don't have the amount of bitcoins they sell off, is that because all of the transaction there aren't "instant"?
So essentially this price rise lately has been due to abunch of very wealthy Chinese ponzi schemers? Also, is the base price of bitcoin usually related to bitstamps prices over anything else? Just curious.
As I understand it, the buying pressure would be from the ponzi
users victims funding their accounts with MMM Global using bitcoin as a payment method. They are awarded extra money for spreading the ponzi through social media and referrals. They get big payouts as advertised as long as the ponzi is growing, when it stops growing, their payments halt, or become less reliable. The end game is the whole thing collapses and everybody is left holding the bag... except Mr Mavrodi.
It's certainly not a new phenomena. When I was first getting into bitcoin, there was a guy on these forums going by the name pirateat40. He ran a ponzi he called Bitcoin Savings and Trust. By giving out impossible interest rates at the beginning, he wound up in control of something like 200k+ bitcoins. Inevitably it collapsed and he ended up being identified, charged, and convicted.
The two are quite different in that pirateat40 was an amateur and this Mavrodi is basically the most professional scammer there is.
Many people around here trust the prices on bitstamp because it is quite old and doesn't offer leverage. But as you can see now, China is very important to the way things play out. We're over $300 in yuan equivalent and bitstamp/bitfinex are still hovering at $292.
So essentially the whole China market is a hoax and a forced bubble created by that guy? I thought that there were very wealthy people over in China who are merging their funds into bitcoin because of an ill economy over there or something of the sort?
as i understand it one new victim buys btc and sends them to MMM which takes some of the BTC and sells them to pay the older victims
so afterall it should lead to revenue but not necessarily buy pressure
Wow, I couldn't really fathom trusting a guy from China who is known for being a scammer... but then again I guess that does make sense, because just recently I got suckered into losing some bitcoin in a ponzi over in the investor games subforum when I first learned about this place... So I can't say that those people are "dumb" necessarily for doing that, but like you said... victims...
It wasn't till after I started reading about scam after scam people do in that subforum, so ever since then I've stayed far away... should've looked more into it. But everyones looking to make a quick and easy buck when the opportunity is presented to them.
https://www.youtube.com/watch?v=5gFnCwVqbWsThread music while we watch the inevitable happen... Come join me while I drink my sorrows away.
Monero, ETH and Maid are not in a pump and dump phase, they are just growing to next level. Im like 20 days waiting for a retracement to enter but no way... I really want to hear your thoughts to this issue, from a BTC wall observer point of view, as pure eth/maid threadt would be too biased and eco chambered to his own coins.
The big/small blockers debate is totally burnout and 2014-15, lets move, evolve, adapt and grow
The ecosystem was always right on track for a new bubble. Despite my expectation, it just won't happen in Bitcoin. I am expecting the ecosystem to be worth 45+ billion at the years end. Bitcoin may be worth 5 to 15 billion then.
We will see winners and losers. There will be drama ahead.
I pretty much agree with your views. I will also see LTC falling steadily into oblivion, the trend seems solid. Of the new coins what are your faves?
LTC falls into the same category as doge and the other copy and paste type of coins. ETH and Monero (and maybe Maid) are the only coins out there on the market that really fix issues that Bitcoin can't solve.
While ETH is a completely different animal, in that it is a sort of recreation of the cloud platform used by Microsoft; Monero gives users a whole bunch of new features that other coins can't do using the cryptonote protocol. I can already hear some DASH supporters screaming at their computer screens right now when reading this... but the fact of the matter is that Monero does what DASH does without the premine
and doesn't require masternodes where people who invested early on can inevitably control everything.
Monero also has a solutions to the block size debate where they use dynamic blocksizes... this type of solution is a critical factor of why monero is better in general, in that there will be no politics in trying to figure out what block size is the best... because in all reality, you can't predict how many transactions there are going to be in the future and so it should change as it is needed.
It just seems that Monero fixes a lot, if not all, of the problems bitcoin is facing.
