Bitcoin Forum

I'm posting to fulfill the posting requirements for newbies on this board. I would really love access to the rest of the boards as I am a shareholder in a few mining companies etc. and one of the issuers has done a runner. There are a bunch of people in the thread in question that are organising the remains of the asset and I would love to be involved. At least to have some chance to get some bitcoin back (very slim).

Don't have much more to add, I've lurked around these forums for long enough, never had much reason to post until now. Actually I had no idea how long I was supposed to wait until being granted posting priviliges, I've only just read up on it.

I'm new too, but unlike yourself, I am NEW new. I only started dabbling in BTC very recently. Looking forward to learning more though and earning some coin!

Same same here. I would like to have access to other boards, as I am also invested in btc and I own a few shares of various companies.

I think we are investors in the same company... And I  have the same problem.

Have you been able to enable PM's yet?

I think the restrictions are way to hard.

I mean what are they for ? They only have the effect that noobs post in every thread to get the posts.

dang that sucks

hopefuly you can recover some of the funds

sorry to hear about that though

Ditto

Im in a similar predicament as OP is, but I do not find the need to make a new thread so I will just use your thread for my first post if thats okay. Since I dont have much to say Ill say that I am a long time somewhat lurker on this forum AND NOW HAS COME THE TIME to join the ranks of other bitcoinees.

Piling on here.  Long time lurker.  This is my second post now.  Looking forward to getting into the mining conversation soon.  Figured I've spent enough on rigs, I should participate in the community too!

Complete beginner to BTC. I have always wanted to do sports betting, recently found out about a few books which use BTC. Got into BTC just for the easy access to these books. Hope I pick up a few things about what BTC is all about from here.  :)

so bitcoin is just for gambling and drugs?

Were can I find the posting requirements?

Edit? Never mind found it.

Think I could add some value to the forums. Have a background in physics and have been fairly active in investigating this bitcoin phenomenon. Would really like to have full access to the forums since I have some thoughts and comments I'd like to add to some of the threads i've been following.

You have a to have a total time logged in of 4 hours. And you might need to post 10 posts (not quite sure about that though).

I don't see any reason for the restrictions, but also I don't remember them being really very hard either.

Not necessarily, I got into BTC for gambling. I might stay with it in the future for a different reason.

hey guys! Im going to jump in and fulfill my first post requirement too in this topic. Im a newb to bitcoin, only heard about it a couple of weeks ago and been quite interested in it since. I really dont have much else to say, just looking forward to be able to use the forum :)

Hi everyone,

Another new guy here. I just joined the forum and this is my first post. I've been mining and also lurking around the forum for about two months now. I'm looking forward to contribute in the forum. Cheers!

newbie here too anywone sharing results on their mining?

Hi everyone,

It's my first post too.

Cheers!

Welcome everybody!

I am also trying to get access to the other forums since I'm now more involved in btc.

I have been a lurker on these forums for a few years now and just decided to create an account. I kind of understand the restrictions for people new to bitcoin and/or to forums in general but there should be a better way to determine an newbie status.

Likewise, looking forward to getting involved, just out of interest, can any other fellow newbies give a brief rundown on how to deal with different order books and buying in general?

Still plenty of areas I'm getting my head around!

I agree, it is a little bit frustrating, but it does feel better when you remember that you are not alone.

I'm not a bot or a spammer. Please release me from the newbie purgatory.

Hi everyone! It's my first post too.

Sincerely, Nick.

Hello guys. Im Enrique, not a bot or a spammer.
Cheers

Also a newb looking to gain access to the other sections of the site. I've owned BTC for a while now but have begun paying a lot more attention now that there's so much new activity. It's super exciting to be at the ground floor of such a massive new movement on a global scale. We're pioneers!

Anyway, looking forward to seeing everyone on the forums. That is, if I ever manage to get whitelisted. :)

It aint 2011 anymore kid, mining is for big boys.

No, it's for hookers and coke.

I'm a newbie here and trying to learn more about bitcoins. Positively hoping to earn 1 or more bitcoins with big help from this forum.

Hello there!  ;)


A big hello from the Caribbean!  ;D  ;D  ;D  ;D

Long time lurker here posting to get requirements covered.

high everyone

Hey guys!

Welcome to the forum, only just arrived myself.

First post of many (hopefully)

So heres my newbie post. :) please dont flame over grammatics



Ideas on the future of bitCoin.



Here's my two cents and where i see bitcoin and altcoins in the next 90 days and beyond.



~rant begins



The long waited shipment of Dec and Jan ASIC miners hit the grid (er i mean network) and it wreaks havoc on all the users with less than 1.2Gh, [ even on a pool with 2% or less fee, there is basically no way to recoup elect costs (unless your not paying for it.)] meaning i see that many people with drop out of miners game, Why spend months and month to just be in red and pay more for electricity that you would ever make? Esp since diff level [at this time] is ~510929738. If you calculate that 2 7950's will do about 1 - 1.2 GH tricked out, pull no less than 500w with little power it would take just shy of 58 years. Dont think anyone wants to wait to retire before they can make a block, esp considering ~$40 in monthly for power is gonna cost you ~27k in electricity over the span of 58 years.



I see miners dropping the entire aspect of "mining to help grow the network" and go right into the buying game and at that point it become an investment kind of like a bond or note. If i paid $400 right now for a bitcoin, im not going to gamble it on a game, Im not going to spend it cause i see that in the last 2 weeks the value has doubled! and people will not be buying them to spend thus the 10 dollars / 10 chickens example. At which point a bubble is created, any remember tulip bulbs?



Unless there is some hard fork in the code, which takes the asic miners offline, such as a algo change or permutation from sha-256 / scrypt [ even allowing ASIC miners to function a percentage of the time] Even stated at a security panel BitCon - Dan Kaminsky stated that hes predicts that the current proof-of-work function isn’t going to be used by the end of the year and he assigns a 0% probability it’s going to be used. (http://www.youtube.com/watch?v=si-2niFDgtI)



Unless the grid back is put back into the hands of those who can "casually mine" or use older outdated hardware, the grid will never be on par with the current currency model. Which is 100% flawed but that is another rant. I digress, as a user of crypo why do i want to pay 15k for an asic miner, just to make less than .35% of a transaction? or worse have it be a 15k paperweight over night? Which is why pre-order is bad! I wouldnt want to pay a bank a non-refundable $5000 just to setup an account or use their atm. I dont mind dedicating a few hours here and there on dynamic intensity to help the network, however investing in ASIC miners is not something the "casual user" would want to do. I dont think that bitcoin was meant to be power in the hands of a few, if so it would not have been built on a P2P platform.



I know that ASIC miners are *good* for the network hashrate and it does increase functionality transaction times and confirmations however what happens in the future when a company that has, oh lets say 1 pHash in dedicated ASIC, and they decide that they want to be paid to have their miners online (more so than just the transaction fees? in the last 24 hours it was 0.35% or roughly $34.81 per transaction).



If one company pulls out or decides its going to make "higher trans fees" it would be a domino effect, everyone would start requiring payment for their investment (take banks and the minium balance or fee structure) Since i think companys are thinking forward about this they are moving the model away from the casual miner into a premium service (https://terrahash.com/terrahash-to-provide-a-hosted-bitcoin-mining-solution-for-6ghash-in-november/) They are now creating a demand for a user service that need to be in the hands of the many and not the hands of the few 10k people. Thus at which point the currency is no longer "deregulated" and its controlled by special interest groups. The exact same thing happened with credit cards and its just history repeating itself




The first credit cards originated in the United States during the 1920s. Enjoying the booming economy of the era and hoping to attract more customers, individual companies began issuing cards to their customers that would allow them to make purchases at the store or company and pay the money back at a later date. While these cards could be used only at the store that issued them, some companies began accepting each other’s credit cards during the late 1930s. This was the first use of third-party payment, where the company that issued the card would pay the merchant that accepted the card. The customer would then pay back the card-issuing company. Third-party payment would later become the primary operating method of bank credit cards.

....

By the late 1950s, many banks and merchants were beginning to recognize the value of plastic credit cards. For merchants, accepting cards resulted in fewer instances of fraud or processing errors, and customers tended to spend more when using credit cards. (Interestingly, this fact is still true today; on average, customers spend approximately 112% more when using credit cards than they do when using cash [Evans & Schmalensee 2005].) For banks, credit cards were a source of constant revenue via interest charges to customers and loan coverage fees paid by merchants.



www.randomhistory.com/1-50/008credit.html




The key word here is third-party payments - which is the growing exchanges that we see and why so many emerging "alt-coins".



again i digress, Considering trade volume over the last 24 hours was 0.44 %, people are just hoarding coins. A currency can not stable out unless it is spent, earned and re-integrated back into the ecosystem. If bitcoin and all alt-coin want to compete with VISA, mastercard, they need to become more "integrated into" shopping and spending not seen as a commodity to "flip" which is all people are really doing with bitCoins right now.



What was the last thing you bought with a bitcoin?



~end of rant