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101  Economy / Economics / Re: hypothetical question BTC and import duty on: July 26, 2014, 05:54:39 AM
Just ask your supplier to put a price tag using local currency,
102  Economy / Trading Discussion / Re: Need an opinion on: July 24, 2014, 03:17:23 AM
Beware of sellers selling Gift card at huge discount.
103  Bitcoin / Bitcoin Discussion / Re: Who wants to make a Google? Bitcoin Start up are the internet 2.0 on: July 24, 2014, 03:14:51 AM
Competition is high in bitcoin world.
104  Bitcoin / Bitcoin Discussion / Re: The Real Reason Banks Don’t Like Bitcoin on: July 22, 2014, 02:50:54 PM
Main reason is all banks need to comply with AML regulation or they get fined by the regulator.
105  Economy / Trading Discussion / Re: Make $7000 A Week on: July 22, 2014, 02:49:30 PM
There is a big risk when trading with IBC company and 700000 its a big amount.. i dont think that there is anybody who use so much money for trading BTC between exchanges there are a better trading and investing oportunities for 700000...

The outstanding swap on bitfinex is around 30M right now.

Can't believe there are that many people that put so much trust with the exchange.
106  Other / Politics & Society / Re: Damning US intelligence puts Russia in the dock on: July 21, 2014, 02:40:06 PM
Both sides are using misinformation to gain support on their side.

107  Other / Off-topic / Re: Malaysia Airlines Flight 370. WTF? on: July 21, 2014, 02:38:34 PM
after how many months they already found the plane its sad that nobody near in that place reported it to the authorities
fuck all those greedy people who is involve in this tragedy they also burn the hope of those people who have aids
and rest in peace to all the victims specially to my fellow filipino victim

Just about every country know Malaysia is a country anyone can step on without consequence with this latest incident.
108  Bitcoin / Bitcoin Discussion / Re: World Bank Report: Bitcoin is a ‘Naturally Occurring’ Ponzi on: July 20, 2014, 02:06:18 AM
Bitcoins by their definition, are simply a measure of currency, saying "Bitcoin is a naturally occurring ponzi" is like saying "Dollars are a natural occurring ponzi"

Fractional reserve system is a natural occurring ponzi is more accurate.
109  Other / Off-topic / Re: Malaysia Airlines Flight 370. WTF? on: July 20, 2014, 02:05:11 AM
Another accident from Malaysia Airline today, I guess this company is going bankrupt lol

It is already in big trouble before the incident earlier this year. This may actually be the final nail in the coffin.
110  Other / Off-topic / Re: Malaysia Airlines Flight 370. WTF? on: July 18, 2014, 05:58:38 AM
Almost sound like deliberately targeting a weak country that has no recourse.
111  Bitcoin / Bitcoin Discussion / Re: World Bank Report: Bitcoin is a ‘Naturally Occurring’ Ponzi on: July 18, 2014, 05:57:03 AM
In bubble stage doesn't mean it is a ponzi.
112  Bitcoin / Bitcoin Discussion / Re: It's simple: Altcoins are Darwin's 'variations' to progress Bitcoin's evolution on: July 12, 2014, 09:19:04 AM
Alt coins are probably more like the retarded offspring of bitcoin that will die off pretty quickly. Survival of the fittest.

Some of the alt coin do have useful utility. The only reason they are not being used is because people are slow to adapting changes.
113  Economy / Speculation / Re: Analysis: Can BTC go to the moon? Or even further? on: July 11, 2014, 04:43:11 PM
Anyone has historical reference of "to da moon"?

114  Economy / Economics / Re: Does Money Even Need a Use Value? on: July 11, 2014, 04:41:02 PM
Value is derived from the demand of people.

Bitcoin has value because people demand it.

This is a circular argument - Bitcoin has value because people demand it, and people demand it since it has value.

Value comes first, by the way. Wink

That is exactly the case. The only reason to have them, is to exchange them for something else, and this is also the case for the next guy, and so on until the money returns to you. This is pure money that has no direct use value.

With money that has some value for direct use, such as gold, you can still use it for something even if noone else wants to exchange something for them.

Bitcoin and fiat are pure money that is not useful for anything other than exchange.


Fiat used to be backed by gold. So it does have value at one point in history.
115  Other / Politics & Society / Re: Latest US Jobs Report a Fraud on: July 11, 2014, 01:32:46 AM
The biggest illusion in these job numbers is that they're actually meaningful and upwardly mobile positions. Most of these jobs are minimum wage plus they're low skilled and offer no beneficial future moves to them outside of one proving they can show up to work everyday. So, college grads are taking these positions and there's almost no chance they can pay their monthly student loan bills especially if they don't live at their parent's house. Even former middles class workers who've been laid off for a certain amount of time are taking these low wage positions and it must be devastating to their lifestyles since there's very little room to save to enhance what's left of their retirement savings.

Spot on. The student loan will keep the economic depress for at least 2-3 generations.
116  Other / Politics & Society / Re: the Youth International Party on: July 11, 2014, 01:26:37 AM
It's actually the increasing number of liberty minded republicans that are the new friends of the youth via their anti-NSA stances, pro-civil liberties positions, dropping obamacare so small biz will start hiring again, getting rid of the Dept of Ed that props up student loan increases, etc.

I have noticed, and they also keep going in to schools and shooting kids. Weird that everyone that claims to love the youth of America and waves a flag around has an AR-15, then somehow those are the same guns used to kill everyone. And no one is putting it together somehow.

The kids these days have wisdom. They know talk is cheap, and violence is the solution to everything.
117  Economy / Speculation / Re: Will bitcoin ever reach $1000 dollars again? on: July 09, 2014, 02:18:46 PM
Possible but unlikely given the price today.

Not many investment can double in less than a year.
118  Bitcoin / Bitcoin Discussion / Re: BITCOIN CLOUD MINING IS A SCAM (noob word!) on: July 09, 2014, 02:16:03 PM
You can sell them anytime why would you say its a scam .

The original post was regarding a fixed-time contract with pbmining, which (as far as I know) you can't sell off... and since you'll never get out of it what you put into it... is why its a bad investment (not sure scam is the right word, but definitely a bad investment)

The buyer made bad decision and blame the company rather than themselves.

If bad investment is considered a scam, then all current batch of ASIC manufacturers should be considered scammers also.
119  Economy / Speculation / Re: Will BTC rise from the ashes? on: July 08, 2014, 10:08:15 PM
Bitcoin isn't a company, though.  It's more easily compared to the internet itself than an internet-based company.  That would be like Coinbase.

Problem is internet by itself has no price tag and doesn't make any profit.
120  Economy / Speculation / Re: Bitfinex on: July 06, 2014, 06:38:27 PM
I have even less trust in bitfinex after mtgox incident seeing as it's also a french endeavor. No racism, just a pattern I noticed - french = not reliable practices.

Hmm, a pattern with a length of 1.
Well, not worse than the TA charts here at least.

no, not one, have a long trail from a non-bitcoin businesses i dealt with. not saying that there can't be a reliable french business, just many of them are based on emotion rather than thought.

Who is the CEO of bitfinex? Didn't know he is a French.
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