[dba-Tech] Bitcoins

Jim Lawrence accessd at shaw.ca
Wed Apr 10 20:05:01 CDT 2013


The over all concept of Bitcoins is really good but the product is not being
used for what it was designed.

Bitcoins are designed to allow buying and selling not as a system to
speculate on. IMO, it has become just like a situation of old where, in
Holland, people started speculating on tulip bulbs and their price went up
spectacularly, then it all crashed and the economy was in ruins for thirty
years (http://en.wikipedia.org/wiki/Tulip_mania). It is not identical in its
outcome of depth but like Bitcoins, Tulips bulbs were created for another
purpose...just meant to plant.  

Jim

-----Original Message-----
From: dba-tech-bounces at databaseadvisors.com
[mailto:dba-tech-bounces at databaseadvisors.com] On Behalf Of Rocky Smolin
Sent: Wednesday, April 10, 2013 5:32 PM
To: 'Discussion of Hardware and Software issues'
Subject: Re: [dba-Tech] Bitcoins

What would cause anything - stock, bond, currency, commodity, collectible -
anything, to go from 15 to 250 in three months.  IME, only two things -
feverish speculation and manipulation.  IME, nothing fundamental would ever
cause that.  Given the nature of bitcoin - unregulated, no real assets
behind it really - I suspect a combination of the two with the emphasis on
manipulation.  It smells of a 'pump and dump' scheme.


R


-----Original Message-----
From: dba-tech-bounces at databaseadvisors.com
[mailto:dba-tech-bounces at databaseadvisors.com] On Behalf Of Hans-Christian
Andersen
Sent: Wednesday, April 10, 2013 3:53 PM
To: Discussion of Hardware and Software issues
Subject: Re: [dba-Tech] Bitcoins

http://www.businessinsider.com/bitcoin-plunges-2013-4

Lol

- Hans


On 2013-04-10, at 1:45 PM, "Rocky Smolin" <rockysmolin at bchacc.com> wrote:

> <= 30 days.  I'd short it if I had the cojones for that sort of thing.
> 
> R
> 
> 
> -----Original Message-----
> From: dba-tech-bounces at databaseadvisors.com
> [mailto:dba-tech-bounces at databaseadvisors.com] On Behalf Of Jim 
> Lawrence
> Sent: Wednesday, April 10, 2013 11:05 AM
> To: 'Discussion of Hardware and Software issues'
> Subject: Re: [dba-Tech] Bitcoins
> 
> My guess is "Bitcoin"... but this is hardly unusual.
> 
> Any bets on the timing?
> 
> Jim
> 
> -----Original Message-----
> From: dba-tech-bounces at databaseadvisors.com
> [mailto:dba-tech-bounces at databaseadvisors.com] On Behalf Of Stuart 
> McLachlan
> Sent: Tuesday, April 09, 2013 2:33 PM
> To: Discussion of Hardware and Software issues
> Subject: Re: [dba-Tech] Bitcoins
> 
> Who can spell "bubble"?
> 
> 
> 
> On 9 Apr 2013 at 9:48, Jim Lawrence wrote:
> 
>> To All:
>> 
>> It appears that as other currencies falter or as the market has been 
>> fluctuating. The flight to another stable or at least currency 
>> outside the existing banking cartelle has been increasing. Bitcoin 
>> value has been bounding up.
>> 
>> Last week the Bitcoin currency has hit a new height of around $180 a 
>> coin, up from $72 last week which is up from $26 a little over a 
>> month
> ago.
>> 
>> The theory behind the coin is that it reflects the true value of 
>> world currency but I feel it is now opening up to the asperations of 
>> speculators...not a good a thing at the best of times...but some 
>> aquaintances, at least on paper, have made a substantual profit. In
> reality,
>> its true value can only be accessed when purchasing products and that 
>> has not been truly tested.
>> 
>> Jim
>> 
>> -----Original Message-----
>> From: dba-tech-bounces at databaseadvisors.com
>> [mailto:dba-tech-bounces at databaseadvisors.com] On Behalf Of Tina 
>> Norris Fields
>> Sent: Tuesday, April 09, 2013 5:18 AM
>> To: Discussion of Hardware and Software issues
>> Subject: Re: [dba-Tech] Bitcoins
>> 
>> Thanks, Jon.  I wasn't talking about Bitcoins, but I was listening in.  
>> I'm interested in the phenomenon and fascinated by watching it.
>> T
>> 
>> Tina Norris Fields
>> tinanfields-at-torchlake-dot-com
>> 231-322-2787
>> 
>> On 4/8/2013 5:42 PM, Jon Tydda wrote:
>>> Hi all
>>> 
>>> 
>>> 
>>> I can't remember who was talking about Bitcoins recently, but I 
>>> thought you'd be interested in this:
>>> 
>>> 
>>> 
>>> http://www.bbc.co.uk/news/technology-22064534#
>>> 
>>> 
>>> 
>>> 
>>> 
>>> 
>>> 
>>> Jon
>>> 
>>> _______________________________________________
>>> dba-Tech mailing list
>>> dba-Tech at databaseadvisors.com
>>> http://databaseadvisors.com/mailman/listinfo/dba-tech
>>> Website: http://www.databaseadvisors.com
>>> 
>> 
>> _______________________________________________
>> dba-Tech mailing list
>> dba-Tech at databaseadvisors.com
>> http://databaseadvisors.com/mailman/listinfo/dba-tech
>> Website: http://www.databaseadvisors.com
>> 
>> _______________________________________________
>> dba-Tech mailing list
>> dba-Tech at databaseadvisors.com
>> http://databaseadvisors.com/mailman/listinfo/dba-tech
>> Website: http://www.databaseadvisors.com
>> 
> 
> 
> _______________________________________________
> dba-Tech mailing list
> dba-Tech at databaseadvisors.com
> http://databaseadvisors.com/mailman/listinfo/dba-tech
> Website: http://www.databaseadvisors.com
> 
> _______________________________________________
> dba-Tech mailing list
> dba-Tech at databaseadvisors.com
> http://databaseadvisors.com/mailman/listinfo/dba-tech
> Website: http://www.databaseadvisors.com
> 
> _______________________________________________
> dba-Tech mailing list
> dba-Tech at databaseadvisors.com
> http://databaseadvisors.com/mailman/listinfo/dba-tech
> Website: http://www.databaseadvisors.com
_______________________________________________
dba-Tech mailing list
dba-Tech at databaseadvisors.com
http://databaseadvisors.com/mailman/listinfo/dba-tech
Website: http://www.databaseadvisors.com

_______________________________________________
dba-Tech mailing list
dba-Tech at databaseadvisors.com
http://databaseadvisors.com/mailman/listinfo/dba-tech
Website: http://www.databaseadvisors.com



More information about the dba-Tech mailing list