Monthly Archives: August 2013

Bitcoin Money Supply Days

As the bitcoin economy evolves — and eventually, in a hazy future, stabilizes — I’ve been thinking about useful metrics that can capture this evolution. In particular, I’m interested in some rough and ready indication of what sectors of the … Continue reading

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Could Panamanian CFIG grow bigger than Mtgox? That’s the asicminer sized question. (Thoughts on CFIG IPO)

TLDR: Long CFIG (CryptoFinancial) is Short MtGox and Btc-E. And to some extent long Alt-Crypto, short Bitcoin. TFA: CryptoFinancial IPO concluded today, with about 80% sold. (UPDATE: all shares sold.) This is a meh result in Bitcoin world, where IPO investors … Continue reading

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Prediction: MtGox will rescue itself from insolvency by rolling out Litecoin in August

I am going to go out on a limb and predict that MtGox will announce Litecoin support sooner than anticipated — possibly by the end of August. There is clearly trouble at mtgox, which started when the US closed gox’s … Continue reading

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Long Labcoin, Long AMC. Bye bye btc-garden.

BTCGarden IPO is cancelled. 32k xbt (aka btc in iso speak) is coming online in 24-48 hours that thought it was long young mining, and isn’t. Some of this is going to have to flow into labcoin and AMC. It’s … Continue reading

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When will we see 1 Petahash?

We’re at 400 petahashes today, and increasing at about 75% a month. http://blockchain.info/charts/hash-rate Oh, and supposedly there is 50 TH in raw chips from avalon locked up in customs, which will probably come online sometime in the next 6 weeks, … Continue reading

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Primecoin down 50%. Time to buy?

As predicted last week, Primecoin is down more than 50% from peak. http://www.cryptocoincharts.info/period-charts.php?period=1-month&resolution=day&pair=xpm-btc&market=vircurex Looks to me like a good opportunity to buy for a quick flip. Don’t do this unless you can watch the price like a hawk and have … Continue reading

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Willet or Won’t It? (Mastercoin)

Yesterday, JR Willet announced official launch of Mastercoin http://www.reddit.com/r/Bitcoin/comments/1jftts/official_launch_new_protocol_layer_starting_from/ and https://bitcointalk.org/index.php?topic=265488.0 which includes an interesting “investment” opportunity. Send coins to the “exodus address” and you will get 100x that amount of master coin. Mastercoins aren’t worth anything now, but neither … Continue reading

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