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1001  Bitcoin / Wallet software / Re: advantages of hardware wallet. on: June 27, 2015, 06:04:30 PM
If using a hardware wallet I'd hope you would keep a back-up of your seed/master key on paper as well just in case. Ever since I can remember every piece of hardware storage I have had can fail or corrupt.
1002  Bitcoin / Mining speculation / Re: At what point do we stop kidding ourselves? Bye Bye mining farms. on: June 26, 2015, 12:24:26 AM
How can you expect to have a quality conersation when you immediately come off defensive and with a nasty attitude? Calling people fools and idiots because they don't agree with you is a great way to keep people away.
1003  Bitcoin / Bitcoin Discussion / Re: Blockchain on: June 25, 2015, 12:53:12 PM
I think a lot of these companies that say they want to research blockchain technology and look into creating their own don't really understand the point. A small centralized ledger is pointless since it can be way too easy to change old blocks, just use a database instead. Sometimes I think companies just throw around hip terms without knowing what they are. Just like they did with "the cloud" 3-4 years ago.
1004  Economy / Services / Re: USD to BTC Pricing Image Script (configurable size, colors) on: June 24, 2015, 12:29:26 PM
Open source at all? Id be happy to add that functionality.

I have similar script, but it is more powerfull...[snip]

You should create your own thread. It's kind of rude to hijack someone else's thread and post your stuff and call it better. Not cool.
1005  Economy / Services / Re: USD to BTC Pricing Image Script (configurable size, colors) on: June 24, 2015, 12:05:52 AM
That's cool! Did you do this with PHP's imagettftext(); ??
This could be useful for bloggers posting on their site or even here at the forum using the IMG tags.
It auto updates right? Each time the PNG is called it grabs the current market rate and re-renders the image?
1006  Bitcoin / Bitcoin Discussion / Re: should i move my ''saving'' to Bitcoin? on: June 23, 2015, 11:56:36 PM
No, you should not move your savings into bitcoin. That is very risky.
Instead start budgeting differently and take the money you save every month and put that into bitcoin. Still continue to put the normal amount you would into your regular savings account. Your bitcoin savings should be completely separate.

I can't agree on you. Actually put some saving into bitcoin is not bad at all. Around 10-20% of your saving is not a bad idea too since bitcoin price is on up trending, it is worth to stock from now. Compare to your fiat I guess the value growing in bitcoin is better than fiat thats why people are doing in this investment rather than keep your fiat to some bank with low interest in it

i totally disagree with you and i don't think it can be risky to move savings into bticoin and holds for long term like the sayings he can hold up to 5 years, if you take a deeply look over recent development and changes into bitcoin growth than you can know  how much bigger adoption has gotten and now much big investors are in into that great revolutionary most advanced crypto currency. 

Wow, looks like we have some risk takers in the crowd. It all comes down to personal opinion in the end. To me, moving ones savings into bitcoin assuming bitcoin will be a future success is irresponsible money management. Perhaps I'm less wealthy than you guys, but I can not afford to lose my savings account. One could counter and say leaving your money in a fiat centrally owned bank is risky and irresponsible, so again in the end comes down to personal opinion. Currently my opinion is my savings is safer in a centrally owned fiat bank... wow I think I just lost a part of my soul typing that last line  Cheesy
1007  Other / Beginners & Help / Re: I need help keeping my bitcoin on: June 23, 2015, 12:57:43 PM
Paper wallet is the way to go. It's costs nothing and as long as you do it offline your coins will be safe forever. Check out bitaddress.org - you can save the page and generate paper wallets safely offline.
1008  Bitcoin / Bitcoin Discussion / Re: should i move my ''saving'' to Bitcoin? on: June 23, 2015, 12:55:07 PM
No, you should not move your savings into bitcoin. That is very risky.
Instead start budgeting differently and take the money you save every month and put that into bitcoin. Still continue to put the normal amount you would into your regular savings account. Your bitcoin savings should be completely separate.
1009  Economy / Service Discussion / Re: Maximum concurrent requests... @Blockchain.info on: June 23, 2015, 12:51:31 PM
It's pretty common with blockchain.info.  I see this response most frequently when using their API. I wouldn't be surprised if it was from the stress test, more people are watching addresses and transactions to see when they will get confirmed.
1010  Economy / Services / Re: Coinomat.com - Signature Campaign! [STARTED] on: June 23, 2015, 12:40:59 AM
Would have been nice to receive a PM that a sig change was required last week Sad
1011  Bitcoin / Bitcoin Discussion / Re: Ultimate Bitcoin Stress Test - Monday June 22nd - 13:00 GMT on: June 22, 2015, 12:55:02 PM
We're not really doing this again are we? Will there be another next month, and the month after until the blocksize debate is settled? I'm sure the miners don't mind since last time this happened the fee's per block nearly doubled.
1012  Bitcoin / Bitcoin Discussion / Re: Will/Did you mention Bitcoin in your first date? on: June 22, 2015, 12:49:53 PM
My wife thinks it's super nerdy and after explaining it she still says "I don't get why anyone would use it". She is thoroughly annoyed by bitcoin because I'm usually doing something BTC related everyday. So she sings the "pizza-bagel" song when she sees me on the computer "bitcoin in the morning, bitcoin in the evening, bitcoin at supper time, cuz when you have bitcoin on your laptop you can bitcoin anytime!"
1013  Bitcoin / Bitcoin Discussion / Re: Bitcoin Executive Says 21 Million Cap Increase Inevitable on: June 22, 2015, 04:58:28 AM
Not sure if this executive is stupid or just trolling. If the 21 million cap was ever lifted or raised or changed in anyway you would see a huge run out the floods gates myself included. His post doesn't make any sense. The 21 million cap has been in place since the inception. The 1MB cap was a temporary cap that was intended to be removed later. His post may as well say "Block size fork will lead to one mysql database keeping track of coins instead of decentralized blockchain". It's just pure idiocy.
1014  Other / Beginners & Help / Re: How to setup a payout? on: June 22, 2015, 04:13:39 AM
Meant to say after I work it out the payout. Basically I started the Bitcoin Miner application and started accumulating Bitcoins using the CleverMining.com. After the bitcoins were accepted they were also mined by Clevermining until they all got exchanged and ready for payout. Now I need to know how to retrieve the ones ready for payout and start trading them. In the meantime my wallet on Blockchain remains at 0 Bitcoins so I can't either send them until I gather the ones I have in Clevermining.com ready for payout. I hope this makes sense guys as I'm new but maybe I'm not understanding the process.

Ok there's your issue, I don't know your hashrate, but I'd assume you are below the minimum amount.
Check out their FAQ:  http://clevermining.com/about

Here's your answer: If you earn 0.01 BTC per day you will get daily payouts. Other wise you will receive weekly payouts with a minimum balance of 0.001 BTC.

  • Daily Payouts with 0.01 BTC minimum payout balance.
  • Additional weekly payout for small balances (0.001 BTC).
1015  Economy / Speculation / Re: 100 bitcoins. Will I be a millionaire by 2020? on: June 22, 2015, 04:00:48 AM
definitely not all wealth will transfer into bitcoin. I mean houses for example will never be replaced by bitcoin.

At the same time though, bitcoin may create many new wealthy people. I bet hundreds of that first group got there with the internet, and thousands of the 100M or 50M groups got there via the internet.

so bitcoin may do the same.

Facebook's IPO created 1000 millionaires.
http://www.reuters.com/article/2011/12/08/us-facebook-millionaires-idUSTRE7B72NK20111208

Bitcoin created a similar number of millionaires in 2013, but you had to be in the top 1000 holders. Which coincidentally meant that you needed around 1000 BTC according to rpietila's estimate.
https://bitcointalk.org/index.php?topic=316297.0

Think of it in percentage terms. Ideally, you want to be in the top 0.1% to 1%. Those are the people who are going to become wealthy if BTC is successful.

Don't expect the hundreds of thousands of average people who own 1-10 BTC to also become millionaires in 2020. You need skin in the game.


That might not be that exclusive or difficult if you think about it.
I know a lot people dismiss the bitcoin rich list since a lot of people hold coins on multiple addresses instead of just one.
I still think it's surprising that there is only 250,000 addresses with 1-10 BTC in it. And only 369,758 address with >1 BTC.
1016  Other / Beginners & Help / Re: How to setup a payout? on: June 22, 2015, 01:53:10 AM
Thanks, I've already created my own wallet with Blockchain.com just don't know how to transfer my current BTC's (after I workout how to get their payout) to the Blockchain.com wallet

After you work out?? Where are you getting your bitcoins from?  You said you need to transfer them, where are they currently? We need more details in order to help you.
1017  Economy / Speculation / Re: Is there any possibility to hit the BTC price @ $16666.66 ? on: June 22, 2015, 01:50:35 AM
Assuming it's still alive by then, 2024-2025 will be the most interesting phase to witness.

By that point 90% of coins will be mined and annual inflation will be below 2%. If there is sustained and increasing demand the price can only go one way.

People will look back and gape at a time when millions of new coins were arriving every year.  

Very true, in 2025 everyone will wish they had a time machine to go back to now so they could own at least 1 bitcoin. What's crazy that time period is only 9 years away, and there will be 3 halvings in that period, 2016, 2020, and 2024. The reward will only be around 3 bitcoin per block. It will be interesting to watch this unfold over the next decade.

...assuming that there will be a lot of usage and ONLY 21 mil bitcoins
However, if 1mb block limit can be overturned so easily, who is to say that 21 mil limit is untouchable if miners will decide otherwise?

You mean the temporary 1 MB block restriction that was only added after the fact, and is now preparing to be lifted as planned?
1018  Economy / Speculation / Re: Is there any possibility to hit the BTC price @ $16666.66 ? on: June 22, 2015, 01:29:11 AM
Assuming it's still alive by then, 2024-2025 will be the most interesting phase to witness.

By that point 90% of coins will be mined and annual inflation will be below 2%. If there is sustained and increasing demand the price can only go one way.

People will look back and gape at a time when millions of new coins were arriving every year. 

Very true, in 2025 everyone will wish they had a time machine to go back to now so they could own at least 1 bitcoin. What's crazy that time period is only 9 years away, and there will be 3 halvings in that period, 2016, 2020, and 2024. The reward will only be around 3 bitcoin per block. It will be interesting to watch this unfold over the next decade.
1019  Other / Beginners & Help / Re: How to setup a payout? on: June 22, 2015, 01:21:44 AM
Sounds like you are using a website or service or bitcoin faucet where you are accumulating bitcoins for free. Am I correct?
If that's the case you will need to check with that website.
Anyways sounds like you have to reach the minimum cash out amount and you can't retrieve the "accumulated BTC so far" until you meet the minimum.
Good luck!
1020  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 21, 2015, 04:02:16 PM
Well I invested 1500$ in Bitcoin since last March or so. Now i'm nearing 1000$. I've not made a penny.
I think i'm ready to quit trading. I'll never get that money back. I dunno how one could loose so much so fast, even if one is totally inexperienced, it seems one would make money at least 50% of the time. But i've made money something like 2% of the time. I just don't have the patience for this.

Use a cold wallet and forget your BTC, in a few years you will read that 1btc=20k$ and you could sell it

Or your coins might end up in the wrong chain of a Bitcoin's hard fork and worth next to 0 in the future.

Put in cold storage is OK, but forget and take for granted they'll be worth a fortune in the future in my opinion is a mistake

That's not true. Any coins placed into an address today will be present no matter which fork ends up being the main chain. The fork(s) will use the existing blockchain to know who owns which coins. For someones cold storage coins to "disappear" from a fork the fork would have to delete the existing blockchain and start all over with a new one, which no one would agree to.
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