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101  Bitcoin / Bitcoin Discussion / Re: Ukraine launch a buying method of bitcoin ... with 4900 ATM and SMS activation. on: July 12, 2014, 09:51:08 AM
What is the volume after the AMT go live?
102  Other / Politics & Society / Re: Developing countries using bitcoin: Is it possible? on: July 12, 2014, 09:50:08 AM
I see that paper wallets can be a thing, but how can one send coins by using only that paper wallet? Let me know if you already found out a solution on that problem. I already stated that the widespread adoption of bitcoin isn't impossible, but just improbable at the time being,

Many people who know what they are doing see that. It is only those who think bitcoin that can become the reserve currency or replace local currency has no clue.
103  Economy / Economics / Re: Here is a real bubble - gold on: July 11, 2014, 03:07:02 PM
gold is worse since you have to kept them safe, everyone can robb you the gold.

And bitcoin can't be stolen, right? Grin
Both bitcoin and gold can be stolen, however it is much easier to secure bitcoin then it is to secure gold. Not only that but if you know that your gold is close to being compromised then if you try to move your gold your chances of it being stolen are higher while if your bitcoin was close to being stolen then you could likely solve move attacks by simply moving your bitcoin to another address; both scenarios assume that you are aware of the pending attack.

It isn't easy to secure bitcoin. Cold storage can have corruption, paper wallet can get eating by insect.
104  Economy / Speculation / Re: Are be breaking long-term trendline? on: July 11, 2014, 03:05:06 PM
I think it is a good time to buy.  Smiley

Husband and I have told a few people that very think the past couple of weeks and they actually listened and have thrown several thousand in.  It should get interesting from here I believe.

What is the reason for getting in at this point?
105  Economy / Economics / Re: How profitable are exchanges? on: July 10, 2014, 02:27:51 PM
MCXNow, Crypsy, BTCT, BTC-E?

I'm conducting a survey to determine the actual profitability of the popular exchanges.

Does anyone have any idea of what the volume is for these exchanges? What these exchanges make weekly or monthly and how we could find out?





I presume you are assuming that the profit that is garnered has no morals?

MXCNOW has shown (as an example) to not care about their users and profit supersedes anything else.

I'd say it is quite profitable. Most scams I would guess are profitable.

BTC-e as a long standing exchange is likely very profitable. I've had little issues with their platform but they seem to have a huge following of users that continue to use their exchange.

Mcxnow and his admin realsolid is the perfect example of a not seriously business, an exchange runned by one person and probably a non trusted user.

Any reason lead to this believe?
106  Economy / Speculation / Re: Market Doesn't Look to Hold Above $6,000 on: July 09, 2014, 03:37:18 PM
What is the time frame for the 6k price call?

Never. Maybe 1000 someday.

Hard to see it going back to 1000 when the price is at 620.

Maybe if Amazon announce they will accept bitcoin, price goes up two folds in an instance.
107  Other / Politics & Society / Re: Children aged eight can have their own Mastercard: Debit cards on: July 09, 2014, 03:35:18 PM
I think it's a good idea actually. Kids are getting smarter these days and people need to move with the times. The headline makes out like it's giving them a creditcard as well, but it's just a debitcard. I had one when I was quite young too.

Being smart is one thing, understanding the value and how value is derived is another thing.
108  Economy / Economics / Re: Technological unemployment is (almost) here on: July 08, 2014, 09:50:28 PM
And what does any of this have to do with so-called "technological unemployment" lol?

War is the ultimate remedy for the so-called "technological unemployment"... Cool

Surplus of the population normally join the military and police force. To reduce the "maintenance cost" of the army, the state usually fight a country they want to take over (resources) and at the same time reduce the armed force in a more political correct method.
109  Bitcoin / Bitcoin Discussion / Re: Ask Amazon for Bitcoin Payments on: July 08, 2014, 09:47:51 PM
Not sure if this has been mentioned, but I've been buying Amazon gift cards and other items at Amazon (tracfone and airtime, etc.) with bitcoin at a 15-25% discount (!) thanks to Purse.io - well, around 13-23% discount once I replenish my BTC with fiat, but it's still a great deal.

You can check out Purse at my referral link (https://purse.io/?_r=XClu2O) - I really do endorse it. What happens is you create a wishlist at Amazon and then post it on Purse, with the percentage discount (up to 33%) that you want (yeah, it's nuts, but it works). I've gotten 3 items now with a 25% discount, but 15% is more normal. You can ask for whatever you want up to 33% off though. My bids have been accepted within a day or two, up to a week worst case. Your funds go into an escrow account once a bidder purchases your order and has it shipped to you. Once it arrives you confirm delivery and the funds are released.

The Purse operators even paid me $1 (in BTC) once when a deal fell through (due to Amazon's anti-fraud detectors going off on the bidder for some reason) and I asked about it, simply as a goodwill gesture.

Sounds like a neat idea, but also one which could end up with you getting a heavy knock on the door, when the police trace laundered drug money to people buying you gifts on Amazon and come to ask you what you know about it!

About to post the same message.

MoneyPak and Amazon Gift card are heavily used to laundry money. People buying them regularly will eventually have their door knocked by authority.
110  Other / Politics & Society / Re: Man Raises $10,000 on Kickstarter to Make a Bowl of Potato Salad (Update: Make T on: July 08, 2014, 09:41:31 PM
Work smarter not hardier.  Smiley

This is usually an excuse for lazy bum.
111  Other / Politics & Society / Re: Why has the left wing abandoned Israel? on: June 30, 2014, 02:19:49 AM
When did Democrats abandon Israel? That's pretty much the only bipartisan issue in congress

Israel still receives 3.1 billion dollars in foreign aid yearly. So where exactly is the abandonment? Seems more like extreme sympathizer and supporter

Which is about 3.1 billion dollars too much.
Its insane a country with 17 trillion in debt, hands out foreign aid like candy.



The money is not being handed out freely. In case you do not know, the country is a US off-shore military platform and it is being used to watch over middle eastern countries.
112  Other / Politics & Society / Re: The era of American drone supremacy is fading on: June 30, 2014, 02:17:53 AM
You have to pay to read the full article?

The legal and morality issues surrounding drone strikes is very murky and as a result very scary.  That fact that Obama can order a drone strike on an AMERICAN in a foreign country is worrisome and sets a dangerous precedent. Anwar Al-Awlaki had extremist views and supported terrorism but he was an American citizen murdered by a drone without any sort of legal trial by a jury of his peers.

As an American I'm not really intimidated or scared by other countries gaining drones. The US defense budget is so bloated that America will maintain military supremacy for some time.

The threat to US military supremacy comes from within. The cost already put a huge pressure on local citizen and decaying infrastructure.
113  Other / Politics & Society / Re: Economist Warns Civil Unrest Rising Everywhere on: June 30, 2014, 02:07:41 AM
If there is anything we learn about economist, it is that they know jackshit and being paid by the University/government to spew crap.
114  Economy / Trading Discussion / Re: Silk road related site on: June 30, 2014, 02:00:50 AM
Mate there is a war going on between silk road 2.0
And agora. ...then another war between western countries and there drug loving populations
The first war eill end in a cease fire as both are gaining steam
The sexond war was lost when it began
You cannnot stop human nature people want drugs then they will get drugs
Silk road url is online and easy ro join via torbrowser
Do ur homeskrk as there are plenty of scammers about
Regulation-taxation-education
This is the only way to tackle drugs and wipe out crime by up to 80%

How safe are these black market?

Does anyone know if NSA have a backdoor to track the owner?
115  Other / Politics & Society / Re: The next bubble will be global warming on: June 30, 2014, 01:53:01 AM
Buy up as much carbon credit as one can if that is true.
116  Bitcoin / Legal / Re: Bitcoin Friendly Licensing Countries on: June 30, 2014, 01:41:28 AM
If you are thinking global, you should consider Hong Kong and Singapore.
117  Bitcoin / Legal / Re: I didn't pay capital gains tax on bitcoin sales to IRS today on: June 30, 2014, 01:40:01 AM

A lot of people (who don't pay/file taxes) make this argument. If you don't believe in paying taxes then how would food safety be paid for, or how would national defense be paid for?

Food safety is the responsible of both consumer and producer. And national defense alone don't cost 30%+ income from everyone in the country.
118  Bitcoin / Bitcoin Discussion / Re: Gov. Brown signs bills legalizing Bitcoins use, other legislation on: June 30, 2014, 01:36:13 AM
bitcoin was never truly illegal, but by formally making it usable in california can this law be used against banks that ban customers purely for using bitcoin, with no evidence of laundering/drugs or terrorism??

meaning banks cant just ban joe public unless there is proof of illegal activities, no longer able to just shout "you use bitcoin, your banned"

No.  Banks are private property and they can close your account for any reason (other than a protected class i.e. race, religion, etc).  Most banks include language functionally which indicates that either party (the bank or the account holder) can close the account for any reason or even without providing reason by giving 30 days notice.  I have never seen anything which indicates this was successfully challenged in court.  Banks routinely close accounts for all kinds of legal businesses that for risk management or other dubious reasons the bank does not want to be associated with.

Technically prior to the passage of this law one could argue that Bitcoin miners in CA were unlawful.  It was never enforced, there was no indication anyone ever intended to enforce it, and the stupidly written law should never have passed without correction in the first place.  Still as written the statute did make it unlawful to "issue or put into circulation" any currency other than the legal tender of the United States.  It is a correction of a law that as far as I know has never been enforced against anyone, ever since it was (poorly) written.

In short the bill does absolutely nothing other than to prevent this never enforced, poorly written law from being enforced in the future.


This bill will help bitcoin broker to open a "legitimate company" in the state and never get banned by their banks.

119  Bitcoin / Bitcoin Discussion / Re: New York Bitcoin Job Fair Shows Demand for Bitcoin Wage Payments on: June 30, 2014, 01:32:16 AM
Hard to see employers willing to accept it as they need to comply with federal and state law.
120  Bitcoin / Bitcoin Discussion / Re: Western Union would include bitcoins if they were "regulated" on: June 30, 2014, 01:29:15 AM
If bitcoin is regulated like fiat, it will be as bad as fiat money and no one will use it.
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