Bitcoin Forum
July 09, 2024, 08:54:03 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 [6] 7 »
101  Bitcoin / Bitcoin Discussion / Re: BitCoin Thinly Traded due to lack of Custody Services, liquidity from fake news on: June 17, 2017, 10:04:23 AM
Thanks for the probing questions to draw me out more.   I apologize for not getting back sooner and the intentionally “sensational” sounding subject line, which was intended to poke fun at fake news headlines related to DCs we are all seeing.  

Anyways, having read and tried to write a plenty of white papers in my day, I recall being blown away by the Nakamoto white paper when a former colleague directed me to it ~4 years ago now. davis196, I am flattered you ask if I cribbed my post from somewhere, though coincidentally my spouse today suggested I try and write an Op Ed piece with some of my ideas.  Between the two of you, I’m going to get an outsized ego, so cut it out, please.   Seriously though, the OP is my own analysis.  

Re-reading that post I agree with MingLee that it sounds like I am trying to argue something.  I admit to having a bit of an “axe to grind” as US statesman and polymath Ben Franklin liked to say.  Though MingLee might be confusing “market reach” for “thinly traded.”  I take thinly traded to mean low trading volume, with Bitcoin for the simple fact that most of the lots are held in “reservation demand”.  I was just trying to point out, that creation of a custodian who booked transactions non-anonymously might be a boon for Bitcoin holders from both “legitimate” and “black market” income sources, and no security risk to either, I don’t believe.   Anyway if Bitcoin is going to emerge as “the new money”, then it will probably end up supporting as many use cases as people can dream up.  

For various reasons, I waited until recently to actually buy any Bitcoin myself, finally succumbing to the following:
  • I would be in position for the possibly whopping “engineered payday” Wall Street thinks is looming.
  • I might derive some personal benefit from dusting off my C++ programming skills and dig in and see how everything works.  Did I say I think this is the most compelling software mandate I am aware of?

So I’m looking at Bitcoin’s Merkle tree stuff, reviewing Taylor polynomials, bitwise operands in C++,, when I look at my new Bitcoin holdings and I’m seeing some pretty wild valuation swings. I was like “darn it, ok, what have I gotten myself into -- I need to try and dig in and understand the economics of what’s going on better”.  I do think this is something anyone w/background in mathematics, physical sciences, software with decades of Wall Street IT experience and eastern philosophical study might have pieced together.  Okay, maybe not, but I am NOT an economist; I am however close with some very bright ones and we talk about this sort of stuff.

I feel pretty certain the Bitcoin phenomenon caught Wall Street flat footed.  So they’re trying to not just trying figure out how to catch up & get a piece of the Bitcoin pie, but how to take the whole thing.  These misdirection “news” stories and good/bad bipolar know-it-all prognostications are really just “competitive business practices” from “legitimate finance”, mind you, designed to shake loose as many larger lots as possible before payday arrives.   This all seems pretty lowbrow though, especially if we think for a minute about those who live in areas with low Index of Economic Freedom[url], which it seems like Bitcoin was [it]also[/it] designed to serve as I interpret it.  It’s not hard to imagine some hardworking family in one of these regions who needs to use Bitcoin as a store of value.  They have a relative or friend in need of some money for school, healthcare, subsistence whatever, so the crawl under their house and dig up a roll of very hard earned bills and buy some Bitcoin at either a new ATM or in the face-to-face market.  Sadly, before they get their target QR code from their relative to transfer the needed funds to, some fake news story or poster-boy prognostication creates volatility (to selfishly try and shake loose some lots), and wham before this family knows it a chunk of the needed funds is gone.  I think it is an economic fact that if “legitimate” Bitcoin reservation demand were made available to market makers, the couple in this example would be in better shape as volatility effects would be diminished.  

Anyways, another thing that strikes me here is a “doth protest too much” quandary.  Seriously, since when has Wall Street ever, ever, cared about some measly little fund capitalized at a paltry ~$50B.  If Bitcoin were just some hedge fund in Phoenix or something we would never even hear about it.  Too many fake news stories;  there’s blood in the water and the sharks are circling.

I think you Bitcoin folks have the traditional finance industry scared, so they are acting selfishly because they don’t know what else to do.  I’m not necessarily saying “fundamental global redistribution of wealth” here or anything like that, but if you have “the new money”, why would you need any of “the old money”.



I've known about BTC since it's inception and learned(or at least tried to take in) from a VERY competent privately educated friend on how to properly secure your account and make your ledger untraceable which at the time (around 2010 said friend and I believe most of the community was only using BTC through tor). This was before tails and simply used a throwaway computer and installed a linux-based OS (ubtunu at the time) to access his wallet and also to access the tor network.

I have a B.S in kinesiology so the bulk of my classes have been "hard-science" classes, some notable ones being neuromuscular plasticity, cardiopulmonary physiology and clinical physiology (doesn't sound hard but you try learning in theory then APPLYING and analyzing correctly a 12-lead EKG being graded ENTIRELY by the book (meaning being able to not just point but to say the exact bony landmark/anatomical location of each lead and then doing this on a live subject running on a treadmill). Anyways that's me and my credentials, we have our own take and I myself have had a pretty good darn balanced education, receiving lectures from the gamit of private tutors to 6-10 class size private HS size settings to then obtaining my B.S along with two minors in lit and philosophy (journalism major then changed). I also come from a very well educated family (both parents both post-doc level, 12+ additional years, multiple publications in very respected and time tested scientific journals and still rely on their advice today and can say this with certainty.

It's hard to justify some branches of econ as "hard-science", there are case studies and history involved and that takes interpretation which ultimately always leads to straight speculation which is just a fancy word for opinion.

Some sciences you MUST value over others because they require more "work or diligence" and are thus a "harder science" (with much more concrete data over a much larger sample size and history)

For example math/engineering are the "hardest sciences" of all cause all other branches of the natural sciences builds upon those two, specifically mathematics. As an economist (or someone who sounds like he's done at least some moderate 'hard research" into the field) you have to see the correlation of how fundamental a science is to the pay-grade of the degree... thus typically a B.S (bachelors in science) is "worth more/harder to obtain" than a B.A because of the work/diligence involved.

Also as someone who comes from such a family I unfortunately (or fortunately) am fairly well versed at least in basic latin (origin of the English/western languages as well as western law and medical terminology).

So although it may seem like I'm trying to show off my ego/credentials I just want to know where these statements I am making are coming from. I understand the power and usage behind language and know the hidden meaning behind such words.

1. I fully appreciate Mr. Jimhash's C++ background and wallstreet/supply side? economic theory regarding BTC. He makes some great points but to me it's obvious that he most certainly "has an axe to grind" if not "a blatant agenda" to push. You sir btw have not stated whether your more for Milton or Keysnesian (sp?). (To me Milton is a tool for a failed trickle-down system that sure as hell made my family come out well but has done damage to many in not so good of a position).

As one poster pointed out and honest scholars like myself feel obligated to point out to the general public that while it does indeed in your original post sound like you are STRONGLY implying centralization and STRONG supply-side investor-friendly regulation this is literally the OPPOSITE of not just what the public wants but what INHERENTLY gives BTC it's value. And I truly do appreciate your more sincere sounding 2nd reply these "custodians" strangely sound like 3rd party/private/wealthy interests who simply as you stated "were late to the gate" and now want to strong-arm their way in and buy up the market.

My final and most important point is goes back to basic math in that right when this court case hit https://bitcointalk.org/index.php?topic=96118.120 , is when I noticed most clearly that growth CLEARLY resembles exponential growth, which occurs naturally and that BTC is not just some fad but there was some inherent value in the system of exchange in itself (decentralized, transparent, consumer friendly, hard for wall street "sharks" as you mentioned Mr. Hash to may I say "bully" or "lawyer" their way into the market as all market transactions are for the public ledger and there is some honest self-policing going on.

Also while I appreciate you providing the origin of the saying "axe to grind" (someone want to fact check this?) it's also odd that subtly threw in the word polymath (mastery level intelligence in multiple sciences, often of magnitudes of 10 or more) this is that loose use of language that has me very skeptical of the intentions and legitimacy of your views and as a student of the english language and it's uses I think your last quote states your intentions the best. A lot of the educated "old money" crowd (I'm 2nd generation so technically thank god I can saw I earned mine) feel like their overpaid broker or investment banker (let's use honest words here plz I dont think anyone really knows what hedge funds manager really are that don't earn up to a certain $ in income completely missed the ball and now their trying to self-educate themselves and once they finally realized what bitcoins are they are scared the jig is up and that it will be much harder for them to "rig the game(market)".

I'm also weary of the usage of "you bitcoin guys" as we as both gentlemen know that sounds an awful lot like one of those code words used by the country club country to refer to "those people". In the end just remember that no one is stupid and if you seriously had a stake in the game and wrote software (in C++ language I take it?) for these sharks or (hedge fund managers) do nothing but take from the poor just to line their pockets even more. Straight up Milton economic "greed is good" economics, which has been PROVEN over decades to not work. I also don't really know what your implying when you say
Quote

I think you Bitcoin folks have the traditional finance industry scared, so they are acting selfishly because they don’t know what else to do.  I’m not necessarily saying “fundamental global redistribution of wealth” here or anything like that, but if you have “the new money”, why would you need any of “the old money”.
but it sounds a lot like the age old battle between inherent-ed wealth (relative but to be considered old money in the US "deep south" your money has to trace back at a minimum of 3 generations) and new money, which coming from someone who is upper-middle if not honestly straight upper sounds a lot like that entitled "my last name is this so i deserve this" talk that completely destroys 5+ generation (truly old, infrastructure equity money) of wealth just because after so many generations their great-great grand-kids forget what got them there in the first place. Hard work and/or luck.

And btw I disagree that BTC has a lot of the "true old money" folks running scared because even if BTC replaces fiat the balance of fiat and REAL equity in the hands of the few compared to the amount of BTC traded in the hands of many will still be way in their favor. My children (if and when) will be born with only their grandparents (my parents) to know what its like to truly struggle and from what I've seen in my 30 years of living and learning what I can from people and the earth it's the "new money" people who actually create value. You could argue the same of BTC and i'm sure my post sounds a lot like "i have an agenda" to push to but I've been honest and sincere about myself and what I am and it kills even me who has a trust fund who's parents are one Neurosurgeon and Pulmonary Oncologists (both M.Ds who have both been practicing 15+ years) to just see some entitled brat make money with money.... nothing of value is created nor destroyed. In the end wall street and what your talking about ends up being a zero-sum game in which a bunch of digital numbers and fancy "trader jargon" are used to basically steal money from honest people. At least with BTC there is much less room for real crime "corruption", "market rigging" which can render families homeless and the system was set up with transparency in mind (blockchain ledger, open source software).
102  Economy / Economics / Re: Is it possible to somehow regulate Bitcoin? on: June 17, 2017, 09:18:07 AM
absolutely and as i've stated for the most part more regular (especially that of protective nature favoring consumers and prosecuting fraud in companies) is going to make the price shoot up. The more public exposure the better and the more universal the law (local, state, federal, international banking and financial bodies) is going to do make it skyrocket.

Check out this last piece of litigation and it's correlation (i'm seeing strong correlation almost inferring causation here) with the exchange rate.

https://bitcointalk.org/index.php?topic=96118.120

In regards to how... since all transactions are public there is no way for a company to "cook their books" or "do a massive purging of evidence". So that old adage "time tells all" definitely rings true here.Over time if you are a big enough company, broker, trader, llc, whatever you want to call yourself. If you are moving massive amounts of bitcoin around it will always show the amount and address on the blockchain.
103  Bitcoin / Meetups / Any potential partners want to meetup and discuss BTC in GA/SC area? on: June 17, 2017, 08:30:29 AM
Near Augusta, GA or Columbia, SC.

Lot of old money/old families here so I see a lot of potential. We all know the southeast is always the last state to get with the times and catch up. As a sole priority I'm looking for 1-2 TRUSTWORTHY partners i've already found one not including myself so 2 total me and someone who wants to invest in 500 blocks but has the capital reserve of exponentially more than that.Another very old and trusted family around here in Augusta. My family name holds weight too so i'm looking for long-term partners not someone who wants to exploit some niche or legal loophole in the market for a quick buck (although if it passes the multiple legal opinions test I'm for that too I just see way more growth in BTC than just a few hundred or thousand.

So far i'm well versed in blockchain, security, the best wallets, federal precedents set and agencies who have successfully interceded (silkroad owner and the FEC successfully settling two big fraud cases against two BTC gambling sites. As well as the basic legal framework (none official in US but precedents have been set in the states and elsewhere, plus in the use there are Federal vs States rights as well as far as BTC legislation.

Me and my current investor (only one i trust completely) both grew up in the same neighborhood, know where we and our parents live plus my investor is an extremely decorated USMC veteran (at only 29) who's done three tours oversees on top of returning home half paralyzed  and then getting into the biomedical engineering program at GA Tech. In short we are both fairly wealth with him being way more "old money" with his money origins being easily traced back 3 generations (just 2 for my family, i'm new money). We are both privately educated but honestly speaking I just know more about this because i've been exposed to it more and have taken more of an interest to it.

Anyways looking for trustworthy people only who want to meetup and have a conversation. I'm always happen to spread the knowledge just please be at least respectful of my time since I work in the med field too but              hold down a modest yearly income of around 32,000
104  Economy / Speculation / My theory on why BTC's value is only going to rise and become more consistent on: June 17, 2017, 08:12:24 AM
My theory on why BTC's value is only going to rise and become more consistent over time:

Recently someone on here made a astute observation that the boom we are witnessing has something to do with the public's increasing awareness of BTC and most importantly the public's ABILITY TO USE AND EXCHANGE said currency, i.e BTC's learning curve.

What this poster pointed out is that if you look at BTC's growth over the last few months it seems to be off-the-charts level, i.e: exponential in it's growth. He pointed out that BTC'S somewhat steep learning curve is what has held people back, and is still what holds some people back. After mentioning his educational background focus being in sociology and learning his theory is that we are witnessing an https://en.wikipedia.org/wiki/Experiential_learning curve on the btc growth chart which is essentially an exponential growth curve. e is the base of all logarithms and without getting too textbook about it it's simply happens in many fields of the life and physical science (nature, technology, human activity) and the this experiential learning curve (exponential growth) happens only when these 4 conditions are met:

   →   Concrete Experience   ↓   
Active Experimentation            Reflective Observation
↑   Abstract Conceptualization   ←   


As time goes on even with this current MINOR decline I see this still occuring and my favorite collaborating theory to prove that it's not only bound to happen but bound to happen more than later is that with BTC at least 3 of these conditions in it being more user friendly (if not 4) has to do with https://en.wikipedia.org/wiki/Moore%27s_law#/media/File:Transistor_Count_and_Moore%27s_Law_-_2011.svg, a law being proven truth more and more over time and that has been around for 50+ years. It basically states that as computing power doubles each year/few years the COST of running said computing power will REDUCE by a factor of 2 (getting 50% cheaper each year). This will only speed up this poster's theory and validate his claim as BTC's value literally comes from PEOPLE not by some arbitrary belief in the value of some government or corporation. This makes getting an accurate value of BTC way easier than the fiat system because of the transparency in blockchain and that better technology in computing as well as time will only validate and increase the public's ability to meet those 4 criteria.

Thus if you believe in these few premises the value of bitcoin is still bound to make a huge jump

1. The people who know and use bitcoin will only go up
2. Bitcoin's foundation and core design principle of blockchain only improve and the public's understanding of how it works will only improve


Thus making BTC as a surefire bet I've seen single... ever... has any type of commodity/stock/good risen THIS much that people are making comparisons to its graph and that of exponential growth? Cause when i first saw the jump that is the first thing that came into my mind too: "holy crap this is an e curve" and "what is causing this growth explosion"
105  Economy / Economics / Re: Financial innovations/technologies/regulations and its effect on BTC vs fiat on: June 17, 2017, 07:47:50 AM
More regulation without interference from central banks = even if it's heavily regulated it will still make the value go up especially by a gov as big as the government.

I'm confused...there is too much regulation? Possibly, but you gotta be more specific. Regulation over what exactly: finance, projects, security profiles, etc.

Sorry for that proofreading it now that does sound confusing.

What I mean is that as long as the regulation is within the public domain and transparent (as all federal regulatory agencies and statues should be) and as long as these regulations don't involve the federal reserve, or huge centralized banking authorities (huge private banks owned by private interests yet responsible for determining public policy) the price will go up as that is the only regulation that will change the very nature of blockchain as it's inherent value to the  vast majority is the DETACHMENT from any one regulatory agency as far as it having a set interest each year.

So regulation over any of those investment technologies would increase the stock because those to me would be "honest" and "protective towards the average consumer". Much of what i see these days especially in finance are all these complex ways that big banks and private corporations and interests use to manipulate the market or to sell off unwanted stock (wiki: housing bubble and derivatives market collapse).
106  Bitcoin / Bitcoin Discussion / Re: Bitcoin Is Complete Garbage!!! on: June 17, 2017, 07:36:22 AM
While this obscure writer makes some good points I still don't see how he jumps from "bitcoin is mainly useful for money laundering and gambling" to "BTC is complete garbage!!". Complete lack of logical consistency. Not even taking into consideration the almost 0 inflation rate, the brilliance and transparency of blockchain, the difficulty in mass political collusion and market manipulation and only factoring in the darkweb I see this as simply more reason TO use bitcoin.

1. ANYTHING can be used to gamble and launder money. These services are old as currency itself.

2. It adds to the fungibility of BTC in that these will always be services people will seek out, what this does is force the government's hand in regulation which will only drive up public awareness and confidence in the currency.

3. Over time it's been shown that BTC has actually IMPROVED these services and there has been since 2013 a federal regulatory body named EFC (SEC for e-coins) that successfully settled up with two known BTC scamming/gambling sites. Money laundering I know nothing about but I know BTC is virtually impossible to counterfeit and all transactions can be traced  if the feds truly wanted to. See: successful prosecution of silkroad founder. And finally BTC has actually improved quality control for SOME types of drug markets as vendors can all be reviewed and rated and also the usage of escrow.

Honestly, as a fairly IT saavy person here with no knowledge of linux or PGP", STILL a huge opportunity for people willing to do the research (real value in that the market is favored toward the smart stealing from the ignorant more than the rich stealing from the poor, something that will also help to stabilize and raise the value of the currency over time)
107  Economy / Economics / Re: Can Bitcoin be created by Russia or China? on: June 17, 2017, 07:00:13 AM
^ what rich said. There's a latin term that is used a lot in criminal law regarding motive when there is a primary/clear benefactor in a will or through the commission of a crime. It's also ironically used in a lot of conspiracy theories (some of which I'm not doubting and have valid points but this concept alone is still not enough to convict under a court of law, I believe it's   simply used as grounds to indict (and as the legal saying goes, you can indict a ham sandwich: meaning very low burden of proof is needed for even an indictment under a grand jury).

Qui Bono simply means in legal jargon, i.e: latin:"Who benefits" and is used in such cases regarding clear beneficiaries, crime and motive in that in most cases the person who has most to gain in the commission of a crime, such as murder, and where there is clear written proof of a singular benefactor, said benefactor is always "suspect number 1" and heavy scrutiny must be placed on such an individual because of motive alone.

Thus hearing all these wingnuts talk about how the Chinese made bitcoin for xyz or Russia did for xyz or the NSA did for xyz clearly don't even understand the simplest workings of bitcoin. It's design itself should say something about who benefits the most, EVERYONE, the public. Since it's decentralized and the fact that there has been no clear market manipulation of the currency with no clear winner or loser as least in terms of corporations or governments should tell you something right there. Also the fact that all transactions are of the public record via blockchain and the currency is actually undercutting other ACTUAL WORLD RESERVE CURRENCIES should say a lot about the legitimate and honest intent of the designer and his desire for transparency in the blockchain and the fact that it's clearly open-source and is still being worked on in terms of it's kinks.
108  Economy / Economics / Re: Economic Devastation on: June 17, 2017, 06:47:17 AM
Source: http://www.coolpage.com/

stopped reading there.

The market will adjust just like it always has, just google how many market panics there has been since centralized banking alone as well as the shifting of the job market and labor force in regards to employment and implementation of new technologies. What happened during the industrial revolution when a huge % of the labor force shifted from agrarian to industrial? Or when the industrial companies of the U.S all got outsourced to 3rd world countries for cheap later? The market and labor force adjusted again and we saw a huge rise in the service industry. Or when now IT and newer/lower-education level medical/care-taker jobs are being a larger % of the labor force? Robots will never totally replace humans and vice versa. It isn't a competition and never has been. Can anyone list any SINGLE precedent in which a fundamental new technology "devastated" ANY labor force much less what the biggest fluctuation was? People, the market, supply, demand, and the education/skill needed for the labor force at large is always adjusting within any dynamic system such as a labor market.

More technological advancement has ALWAYS meant higher standard of living in the longer run. The cotton gin invention didn't outlaw slaves but made more people realize it wasn't necessary and more of a burden and "way of life" than an actual long-term feasible commodity. Every labor advancement from the assembly line to the internet has made it easier for human beings and we've adjusted what our duties are and the duties that are no long necessary because of technology in every scenario.


This was written by some crank on some obscure website "projecting" something that will happen in 2033, 15 years down the line. Who could have predicted bitcoins increase to peak 3000 even 3 months ago?
109  Economy / Economics / Financial innovations/technologies/regulations and its effect on BTC vs fiat on: June 17, 2017, 06:33:16 AM
More regulation without interference from central banks = even if it's heavily regulated it will still make the value go up especially by a gov as big as the government.

Regulation via FEC (SEC regulatory body for electronic currencies): The more "teeth" and authority this body has will directly contribute to BTC's rise. This is the federal regulatory body that was able to settle up against those two huge bitcoin betting sites giving us precedence that federal regulation and interference is both plausible in practice and a legal framework moving forward will able to be interpreted by highly respected federal judges who can make definitive precedent judgement that will shape the value and cite via hard evidence the most reliable method of exchange for this currency.

The ONLY regulation I see that MIGHT make BTC's real exchange value go down is if the federal reserve and the central banks get involved, but even if this were true the blockchain was built to be entirely transparent so if they are blatantly fixing the price of the market or manipulating it in any way to their benefit the community at large will still have power beyond the basic ability of buying and selling their own modest capital reserves as compared to a federal bank.
110  Bitcoin / Legal / Re: Will Bitcoin will be declare as legal or not ? on: June 17, 2017, 06:13:10 AM
the problem is, without 1984 Orwellian control of the internet how would a centralized government declare bitcoin ILLEGAL?

Just from my knowledge of federal legal statues here and how they are passed it requires enormous political capital requiring confirmation super-majorities (2/3) in the house and the senate, an executive sign-off AND a majority supreme court decision.

Basically the enormous burden of proof will have to fall on elected officials and legal experts with 20+ minimum experience practicing in the field to cite good cause as to how and why they should ban the currency, if they even can, how these regulation/criminal code changes will be executed/implemented and what to do with those U.S citizens that have a stake invested in bitcoin in which they have 0 probable cause to seize such as a commodity. Just sounds like even if it was illegal the burden of proof would be enormous to be able to convict beyond a reasonable doubt the use of bitcoin especially when people get better with security methods such as using tor and linux-based operating systems as well as the manner in which they browse (different cpus, thumb drives, changing IPs as well as using wireless that either doesnt belong to you or are public hot spots).

Legally speaking even IF the regulations were CLEARLY spelled out word for word the execution and interpretation of this law (indictment and conviction under a jury-trial giving the defense every legal opportunity awarded to him) is virtually impossible, even for a government as big and powerful as the U.S. Hell even China couldnt do this which is why ppl are finally putting real value and equity (or transferring should i say) into BTC... the foundation of the method of exchange, ledger and storage of such currency is just too sound and the security will only get BETTER over time.
111  Economy / Economics / Re: How to double your money using BTC? on: June 17, 2017, 05:55:10 AM
The safest way is honestly money-lending if you do your due diligence on who's asking and why and especially if you receive collateral first. With collateral there's virtually no risk (as long as the collateral is of use to you or has viable fungibility) just set the interest rate high with the higher-risk borrower's and make sure to get complete verification and full collateral BEFORE releasing funds through escrow or just on faith in the user.
112  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a source of income? on: June 17, 2017, 05:44:00 AM
For me personally I think the more face to face transactions are occuring the higher the value/public confidence in the currency will be. Just for my income levels these little signature campaigns arent' worth the time it takes for me to educate myself on bitcoin or hell anything that would be leveraging power in negotiating a raise such as license, certificates and more advanced degrees.

Thus I am exploring essentially acting as a broker/portfolio manager for my buddies who I trust and doing this in a legal framework by signing some type of contract stating i have responsibility of fiduciary duty to the investor and that it is my guarantee to cover at least x% of all losses regardless of market trends or "acts or god". 

So pretty much i believe the hidden value of bitcoins is hoarding and lending via secure methods using the strongest legal protection (if any?) out there currently. This will not only raise the value of bitcoin but also your reputation as a trusted medium to buy or sell bitcoins/goods, simultaneously acting as a type of bank or trustworthy third-party able to cover SOME of losses if necessary thus not risking too much on high risk borrower's but also being able to take advantage of the non-regulation of interest rates on loans in charging what would be consider pay-day/loan-shark type of interest rates on small to medium sized loans.
113  Bitcoin / Bitcoin Discussion / Re: How do you keep your bitcoins? on: June 17, 2017, 05:36:48 AM
Same thing any skilled broker would do with large sums of money. Scatter them in various different accounts or better yet in different exchange commodities (diversifying your portfolio) such as having x amount in x and y wallets, y amount in some type of bitcoin investment option such as a security or other low-risk/high protected account (do things such as federally insured treasury or highly rated AAA bera bonds exist yet for BTC)? and z amount in some online wallet that you could dump a lot of currency easily if you had to.
114  Bitcoin / Bitcoin Technical Support / Re: Which bitcoin wallet is more secure? on: June 17, 2017, 04:42:40 AM
from my understanding for those with truly sizeable stakes in the BTC market a paper wallet is the #1 most secure out there the 2nd one being off a thumb drive OS that uses some type of linux-derived OS (tails or ubtuntu) with a permanent wallet (software) downloaded on there securely. As making sure you use strong passwords that are 10+ characters long that contain a healthy number of numbers, letters, characters and any other number of different combinations of keystrokes.

Also from my understanding some wallets can't even be accessed/de-crypted using brute if not online (such as if the thumb drive is not attached to computer)
115  Bitcoin / Bitcoin Technical Support / Re: are 2 USB drives really needed for tails? on: June 17, 2017, 04:33:07 AM
so excuse my newbness... what is the 2nd hard drive for in laymen terms? extra security? "being truly untraceable"?

Quote
when you write the tails iso to a disk it uses the entire disk. so you need a second one for persistent storage. persistent storage could also be on your hard drive. it's encrypted so placing on your HDD is not a problem.

still dont understand what this persistent storage means

Persistent storage means whatever you save while you are on the OS of the USB will be saved on it.

so wouldn't this decrease security? I'm using this for complete anonymity, just from what i've read on this all this persistent storage does is grant the user the ability to have a fairly to well secure wallet on there for larger sums of BTC, and for that wouldn't a different linux kernal be more secure since tails seems more widely used and easier to hack? Wouldn't ubuntu be even better just for wallet security and protection on a single usb drive and then using the non-persistent storage able version of tails to browse tor and at preserving my privacy and trace-ability online? 
116  Economy / Services / Re: Service: investment portfolio/broker (20+ confirmed transactions, 2 trust on LBC on: June 17, 2017, 04:22:45 AM
Mods please tell me and lock this thread if i am validating by-pass by not stating collateral (simply nothing I want to wait in the mail for or I want to put up like a title to a  160,000 mile reliable car (2009 Camry). Basically I will do anything I need to short of blindly depositing money or stupid stuff like that to provide my bona fides and how I'm not in it for a short-term buck (don't need an extra 500 that made even if it was within an hour-24 hours). To me it's more about the sincerity, worthlessness and ability for identity confirmation of a much needed partner into this                                                                                                                                                                                                                                                                                                                                                                                                                                                                 and after a payment of your choosing i will write anything you want in simple terms how at least 110% of your investment is guaranteed . Like I said this is an ol money )old money)

Are you using google translate to translate your words Huh Half of this doesn't make any sense.

Sorry this was just a sloppy post on my part. My point is that since what i'm offering that is of true value (very trusted family name out there in the public domain) including my own credentials and reputation and most importantly education/pedagogy services even outside all of the documents I can provide (a lot btw investors have every right to be every bit the skeptic) there's gotta be an easy way to provide bona fides on my background and education. There are just some concepts even a few hours reading on google and the internet won't be able to provide compared to a one on one session with a private knowledgeable, formerly educated tutor who is able to break down central concepts into simple to understand terms.
117  Economy / Services / Re: Service: investment portfolio/broker (20+ confirmed transactions, 2 trust on LBC on: June 17, 2017, 04:16:32 AM
well since it's mostly my education and social/political/family networks that i'm offering wouldn't multiple pics depicting IP, date/time/location not to mention multiple authenticated collaborating pieces of evidence (pic of me next to my B.S), paystubs, hell my dad's profile on webmd (excellent btw so plz don't drag him into this unless you seriously have thought a wrong has occurred and even then I will reimburse you at the very least. It's not equity or liquid funds such as fiat but since this is a service I think most educated users are capable of making an educated guess.

118  Economy / Services / Re: Service: investment portfolio/broker (20+ confirmed transactions, 2 trust on LBC on: June 17, 2017, 04:01:36 AM
Mods please tell me and lock this thread if i am validating by-pass by not stating collateral (simply nothing I want to wait in the mail for or I want to put up like a title to a  160,000 mile reliable car (2009 Camry). Basically I will do anything I need to short of blindly depositing money or stupid stuff like that to provide my bona fides and how I'm not in it for a short-term buck (don't need an extra 500 that made even if it was within an hour-24 hours). To me it's more about the sincerity, worthlessness and ability for identity confirmation of a much needed partner into this                                                                                                                                                                                                                                                                                                                                                                                                                                                                 and after a payment of your choosing i will write anything you want in simple terms how at least 110% of your investment is guaranteed . Like I said this is an ol money )old money)
119  Economy / Services / Re: Service: investment portfolio/broker (20+ confirmed transactions, 2 trust on LBC on: June 17, 2017, 03:42:26 AM
basically i am providing my knowledge and good name in this town as well as on LBC as well as the full use of my social and political connections and modest legal (self-educated reading up on post-judgement collection now regarding tort/civil law) in this town. To guarantee a small return, the real value is the education i will be able to provide on a one-on-one "formal and discrete" tutor would provide.

After that the education part you could honestly do everything that I do yourself but might lack the credentials, network and political/legal connections required to guarantee your investments. (for example one key investor is a long-term buddy of mine that comes from a well established family with a sister who is a partner specializing in civil cases under a major law firm in Augusta and another being my dad who has had 20+ years of post-HS education plus continued ed classes on one of the hardest fields to understand, neuroscience).

For larger sums (or REAL long-term partnership) I need to schedule a meetup so as to ascertain the value of what both parties bring to the table. Current investors include decorated USMC veteran who's done 3 tours of duty and is going to georgia tech just for 1 more year until his biomedical engineering degree as far as my neurosurgeon family as well as my name, although new money, are definitely not considered neophytes in this community. Meaning/strongly implying real social/political capital in this townsmen as well as outside counsel (neurosurrgeon of GA been practing 30 years, decorted USMC BME B.S)
120  Economy / Services / Service: investment portfolio/broker (20+ confirmed transactions, 2 trust on LBC on: June 17, 2017, 03:35:31 AM
I am starting a legitimate bitcoin company using every component of the robustness of this currency to generate revenue. I live near the GA-SC border, privately educated till college then attended a major public university finishing with 2 minors (philosophy and literature) along with a "hard-science" major (B.S Kinesiology). I am come from a good family and got many breaks in life the vast majority of people who are wealthier than us will ever get. My father works at a major private hospital in this area as a Neurosurgeon, my mother is a Pulmonary Oncologist, both requiring MD's and very strong verification and credentialing to practice and have at least seen what that much responsibility will take in terms of discipline and due diligence.

Basically I do my research and my family is respected in this town (Augusta, pop ~ 300,000)

I have some old buddies here who come from old southern money (3+ generations of wealth) who are already on board with investors. I've done the research by reading up on articles and looking at charts. Basically I will be providing an in-depth but simple to understand explanation on the inns and outs of the market. Should take 30 - 45 min with someone with roughly an associates degree or consider themselves to be self-educated to that level, especially in the fields of "hard-science" economics. Notable courses taken: business management, business ethics, statistics university level and a lot of anatomy/biomechanics/plasticity just to prove I have the discipline to follow something through for the long-term. 

I can guarantee a minimum of a 10% return on investment, and can hash out some type of legal/broker agreement in which I will have fiduciary responsibility over your money and as soon as you provide your bona fides (looking for responsible/trusted investors) I will provide mine which includes passport (counts as two forms of ID), drivers license as well as pay-stubs and mail from large banks under my name. Not to mention equity such as a title to a car and proof of ownership of goods and properties. From what I've seen on bitcoin a minimum of 10% on investment after agreed upon date, much less with "real" fiat currency is quite a bold and confident assessment to make.This is a flat rate if no pedagogy is required on my part as to educate the user/investor on the inns and outs of the markets (best exchanges, trusted users, knowledge only someone who has an intimate understanding of the market would know). I also will provide safe usb drives that are guaranteed to be untraceable with either tails already booted up through the two computer/two usb cloning method if that is required or at the very least how to make sure your BTC are protected using the strongest levels of encryption and PGP.


minimum investment of .05 required
Pages: « 1 2 3 4 5 [6] 7 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!