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Listen to Bitcoin

listentobitcoin.com

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Re: Listen to Bitcoin

#71

Post by loceng »

BrokenPipe wrote: post #68
kefka wrote: post #67

Oh boy.. I was going to buy some bitcoins, but the price is creeping towards 100 USD/1 btc. That's just ridiculous. A few weeks ago, prices were around 26 USD/1 btc... So are we going to see a swing down that low again? Or is this SilkRoad talking?

this is the effect of the scarcity of bitcoin. there's a tremendous network effect, more and more online shops accepting them as well as AFK. it allows much lower fees and risk than credit cards with their 3% plus chargebacks, up to 5-10% better margins for sellers. You can now use bitcoin to pay for services and even fines at some municipalities, cities and what not http://www2.egovlink.com/press-release-bitcoin.cfm…

Thanks for explaining this.

Re: Listen to Bitcoin

#72

Post by bgruber »

i used to do quite a bit of sonification of stock trades. i imagine bitcoin is the thing to use these days though, since realtime stock data was a pain to get and deal with.

Re: Listen to Bitcoin

#73

Post by eric_bullington »

clarkm wrote: post #56
w-ll wrote: post #48

Earlier quoted context omitted.

Deposits and withdraws of Bitcoin will show, but all trades within MtGox are not recorded in the blockchain. It's just Gox moving balances between accounts.

That was exactly my point. Most of the bubbles on the screen on MtGox trades, not blockchain transactions.

He means Gox moving balances between internal Gox accounts, like hot/cold wallets. Not trades. The trades you and I make on Gox don't show on the blockchain until they're withdrawn.

Re: Listen to Bitcoin

#74

Post by eric_bullington »

xSwag wrote: post #65
IheartApplesDix wrote: post #64

Earlier quoted context omitted.

not possible

Care to explain why not? What stops someone who mined 10k bitcoins in 2007/8 from cashing out. If I remember correctly, there was a guy recently on #startups freenode who showed everyone a screenshot of his wallet at $800k[1] (one sec let me find it in my history) and claimed he mined them all really early. [1] http://i.imgur.com/bfhtnuF.png

They are definitely a handful of people who have over 10k bitcoins, but they're not storing it on an online blockchain.info wallet (which is where that screenshot is from). They're also not showing it on IRC.

That kind of screenshot can easily be produced by changing a little HTML on a 0 balance account.

Re: Listen to Bitcoin

#75

Post by eric_bullington »

jamoes wrote: post #25
tocomment wrote: post #16

Earlier quoted context omitted.

Wow I can't follow that at all! Now I'm scared to ever spend my bitcoins!

He only got into that situation because he was using the software in a non-standard way, and he inadvertently deleted the "change-wallet" that had automatically been created for him. As long as you use the software in a relatively standard way and don't ever delete your wallet files, you'll be fine.

This. If you save all wallet.dat files on any bitcoin clients that you use for transactions, you'll be fine. Don't be scared off by someone using the bitcoin client in a non-standard, unapproved way (and as long as you use the GUI and not the command line interface, you'll not have to worry about that).

Re: Listen to Bitcoin

#76

Post by obi-nine »

xSwag wrote: post #65
IheartApplesDix wrote: post #64

Earlier quoted context omitted.

not possible

Care to explain why not? What stops someone who mined 10k bitcoins in 2007/8 from cashing out. If I remember correctly, there was a guy recently on #startups freenode who showed everyone a screenshot of his wallet at $800k[1] (one sec let me find it in my history) and claimed he mined them all really early. [1] http://i.imgur.com/bfhtnuF.png

Bitcoin didn't start until 2009.

Re: Listen to Bitcoin

#77

Post by [deleted] »

BrokenPipe wrote: post #68
kefka wrote: post #67

Oh boy.. I was going to buy some bitcoins, but the price is creeping towards 100 USD/1 btc. That's just ridiculous. A few weeks ago, prices were around 26 USD/1 btc... So are we going to see a swing down that low again? Or is this SilkRoad talking?

this is the effect of the scarcity of bitcoin. there's a tremendous network effect, more and more online shops accepting them as well as AFK. it allows much lower fees and risk than credit cards with their 3% plus chargebacks, up to 5-10% better margins for sellers. You can now use bitcoin to pay for services and even fines at some municipalities, cities and what not http://www2.egovlink.com/press-release-bitcoin.cfm…

[deleted]

Re: Listen to Bitcoin

#79

Post by metalruler »

tomsthumb wrote: post #30
irremediable wrote: post #26

How do the sounds correspond to activity?

Deeper noise = larger amount, roughly. Larger bubble has some sort (logarithmic?) correlation to size. It's necessarily rough though.

Does this mean that a huge transaction for the right amount will hit the perfect low note, and cause everyone within earshot of listentobitcoin.com to simultaneously crap themselves?

Re: Listen to Bitcoin

#80

Post by walid »

aarongolliver wrote: post #34
shocks wrote: post #27

I bet loads of people are moving between wallets just to see theirs right now. :)

If people are going to do that they should consider donating a bit to his wallet (14zoTKB29NdsJRvk4qP3vB9mQZ3dcV3eWk) It gets highlighted and is really easy to spot

Sorry! Misunderstood your comment at first :$
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