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Instead of spamming this thread because we are required to post here by our campaign manager. Maybe we should talk about the other ways on how to help promote Bitsane. If you have a Twitter account or Facebook maybe it might help to post there to help spread more awareness.
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In my opinion, it does not matter what is better. What matters is will some or even all that speculative value in gold all transfer to Bitcoin? I believe yes. Bitcoin's real potential speculative value has not yet reflected in its current price.
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how can is this Possible Indonesian Largest Bitcoin Exchange VIP.Bitcoin.CO.ID Reach Rp. 10,500,000 or 788.23 USD (rate 1 USD = Rp. 13,321) while Other in 770 USD area?  is there inside trader? if you want quick money. sent your money, and sell all you coin and buy back at after the price at Rp. 10,2xx,xxx area or 770 USD area bvecause trader over ther is easy to panic Do not worry about it. Of course there will be traders who will do some arbitrage trading and make the markets efficient again. So your suggestion is nothing really new. There are already people who are making money out of the inefficiency in the price. |
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Marketcap is large now, one news article doesn't move the price as easily as it used to.
Or maybe that piece of news is already priced in. That usually happens when there are people who know what will come out on the news before it is released. All kinds of news are probably leaked to some of the connected people who have access to the writers. |
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The OP is just trying to imply that Gmaxwell is calling the shots in how and where to bring and steer Bitcoin's development. What the OP did not think of is that the miners must first achieve and have consensus if the changes be accepted and be implemented or not. So if Bitcoin was forked from the Core developers by the Bitcoin Unlimited fellows, can we say that Roger Ver now owns Bitcoin?
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They took it upon themselves to make it their job to know what their clients are doing. This is a very dangerous thing because they have the power to censor anyone and anything at the lowest level. OP, if you are speculating if Bitcoin could be "censored", the answer is leaning to no and maybe. But it would be harder for them if there are more full nodes running. Keep maintaining the node for as long as you can.
Well ISP can monitor how we run our nodes but I dont believe that it is dangerous. As long as we are not doing any illicit activities then even if we are being subject to monitoring if we are are not doing something wrong then its fine. Well, I agree with you that later on the development of bitcoin the government will place regulation and monitoring system on bitcoin. It may not be dangerous now but it can be if a government is so determined to ban and outlaw Bitcoin. In America I believe it will be like how they treat the torrent users. The ISP will issue warnings the first 3 times and then report them to the government if they do not listen. Of course in US police state fashion the authorities will break your door down and get 10 swat team members swarm on you and your family inside your home. |
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I do not get why most of you think that Bitcoin will sky rocket because of the situation in India. There are some hurdles to overcome over there before they can buy Bitcoins. Do not forget that it is a third world country where most are not connected to the internet nor do they have access. Also most of the people there are poor and if they have savings, Bitcoin would be the last in their priorities.
Because bitcoin is trading at a huge premium in India. At what exchange is it trading and at what volumes are we speaking about? If it is at Local Bitcoins, I would argue that all of the Bitcoins traded there are priced at a premium and that the volume there is not really that high compared to the exchanges like BTCe or Bitstamp. Chinese exchanges are also trading slightly higher than most because the Chinese traders are pumping the price. It does not necessarily mean that the ordinary people are buying Bitcoins with their savings. All exchanges in India. For example price right now on Unocoin is 57394 which is about $850 USD ($90 higher). It was over 20% premium just a couple of weeks ago. Unocoin is a new exchange , am I right? Getting premium prices usually happens when the volumes are fairly low. An example of this is the trading that is going on at Local Bitcoins. That is very understandable and it does not really say anything about the current situation of Bitcoin in India except that it is new and that market will become efficient sooner or later. |
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i agree although trezor is a hardware wallet. to get full functionality you need browser add-ons and connect via their server. (facepalm to obvious trojan/hack weakness via phishing sites and hijacked add-ons) though you can link it to other desktop wallets like multibit, etc. but still..
though trezor and other hardware wallets are one security 'step up' from the standard desktop installed software due to the privkeys/seeds not being stored on the computer the app/add-on is stored. and many steps up from just a webwallet...its still not perfect and still has points of weakness.
the two main desktop wallets that are compatible with trezor and can be deemed trusted are
electrum and multibit
advantages of trezor:
private key/seed held separately from computer. adding the layer of defense
disadvantages:
watch out for any desktop app/browser addin/page telling you there is an error and you need to type in your seed. be cautious to check its a real error and not a phishing attempt
a true hardware wallet should not connect to any middlemen service or require anything installed on a persons pc to function. hopefully future hardware wallets will be true independently and fully run from the USB hardware device, without risk of fake "error, please type in seed" phishing scams via trojans.(no requirement to download/use anything on pc/middleman webservice)
I am now beginning to think my cheap home made "hardware wallet" is more secure than Trezor. I installed Tails Linux in a USB, enabled persistence and I am using an Electrum wallet that came preinstalled. All traffic goes thru Tor so it is good for anonymity and I never use it except as a Bitcoin wallet. Very creative, But can you tell us about the efficiency and accuracy of your hardware portfolio creation?(advantages and disadvantages for using it) Because it will give motivate to someone for building his hardware wallet. It looks like a simple step. What? Tails Linux is a live OS that can be booted only thru a USB thumb drive or a live DVD/CD. You can enable persistence as I did so that changes I did will not be erased. Using it is very easy and just like any Linux OS. The advantage is it is very secure because you do not store anything in your regular computer's HD that you use daily. |
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I really could not feel disappointed if he would not be successful with... whatever he is developing.
Although I have no idea of what he tries to create, just the name KimDotcom already has that touch of bad carma.
And this guy making his next business about bitcoin, that is something I would rather not want to read in the newspaper tomorrow.
Exactly right, he's poison. His involvement in Bitcoin to the general public would just be another example of a criminal element like Silk Road loving the new crime money. Every time someone like him preaches for Bitcoin it's just another nail in the coffin of public perception. About half of my friends already think I'm nuts for having any of my money tied up in "crime dollars" as one friend put it. Another one of my friends asked how much I have invested in the Medellín Cartel (because I support Bitcoin). And you are affected greatly by this? You know your friends' comments are retarded and that they know nothing about Bitcoin. Medellin Cartel in Bitcoin? I surely HOPE they discover and do use Bitcoin this will make their criminal enterprise move value much easier than dealing with cash. The underground was one of the markets Bitcoin was meant to be used into. |
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kimdotcoms version of LN is not ready.
as for 'at around december'..
that could mean november december or january.
a bit early to shout 'there is nothing'
much the same as segwit announced segwit by christmas.. but dont expect it by christmas.
wait for sgwit, LN and kimdotcom's LN news after the new year
and by 'after the new year'. i dont mean literally quote me on january 1st and say im wrong. take it contextually as some time in 2017
Hahahaha! That made me really laugh. Thank you for that franky.  OP, try to find out if Kimdotcom's, as franky said, version of the Lightning Network is open source or not. If it is then look for it at Github then follow the development of the project there. See how active it is, how often commits are made and how many people are making contributions and when. From that you will get a good idea if Bitcache will really materialize or not. |
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i agree although trezor is a hardware wallet. to get full functionality you need browser add-ons and connect via their server. (facepalm to obvious trojan/hack weakness via phishing sites and hijacked add-ons) though you can link it to other desktop wallets like multibit, etc. but still..
though trezor and other hardware wallets are one security 'step up' from the standard desktop installed software due to the privkeys/seeds not being stored on the computer the app/add-on is stored. and many steps up from just a webwallet...its still not perfect and still has points of weakness.
the two main desktop wallets that are compatible with trezor and can be deemed trusted are
electrum and multibit
advantages of trezor:
private key/seed held separately from computer. adding the layer of defense
disadvantages:
watch out for any desktop app/browser addin/page telling you there is an error and you need to type in your seed. be cautious to check its a real error and not a phishing attempt
a true hardware wallet should not connect to any middlemen service or require anything installed on a persons pc to function. hopefully future hardware wallets will be true independently and fully run from the USB hardware device, without risk of fake "error, please type in seed" phishing scams via trojans.(no requirement to download/use anything on pc/middleman webservice)
I am now beginning to think my cheap home made "hardware wallet" is more secure than Trezor. I installed Tails Linux in a USB, enabled persistence and I am using an Electrum wallet that came preinstalled. All traffic goes thru Tor so it is good for anonymity and I never use it except as a Bitcoin wallet. |
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I do not get why most of you think that Bitcoin will sky rocket because of the situation in India. There are some hurdles to overcome over there before they can buy Bitcoins. Do not forget that it is a third world country where most are not connected to the internet nor do they have access. Also most of the people there are poor and if they have savings, Bitcoin would be the last in their priorities.
Because bitcoin is trading at a huge premium in India. At what exchange is it trading and at what volumes are we speaking about? If it is at Local Bitcoins, I would argue that all of the Bitcoins traded there are priced at a premium and that the volume there is not really that high compared to the exchanges like BTCe or Bitstamp. Chinese exchanges are also trading slightly higher than most because the Chinese traders are pumping the price. It does not necessarily mean that the ordinary people are buying Bitcoins with their savings. |
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They took it upon themselves to make it their job to know what their clients are doing. This is a very dangerous thing because they have the power to censor anyone and anything at the lowest level. OP, if you are speculating if Bitcoin could be "censored", the answer is leaning to no and maybe. But it would be harder for them if there are more full nodes running. Keep maintaining the node for as long as you can.
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My question is are the exchanges really making enough money to make it an expansionary business? If it does not expand a new competitor can come in and get its share of the pie because they are competing in a small market. The Bitstamp pitch could mean that they are in need of new money to continue operating. There is also the hack last year to account for. Getting hacked out of $5m is still affecting them, I am sure.
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So the referendum happened and it was a "No" vote. Guess what? Not much activity in any markets. Of course the ECB has intervened in the bond and currency markets and the Fed has pushed gold back down where it belongs... but if we are honest, the whole thing was quite boring. Light years apart from the Brexit vote if you ask me.  All these speculation articles are based on nothing but hot air. The author does not know anything more than a random rock in the Great Plains. Especially all these theories about immediate effects on Bitcoin prices are nonsense in my view. There is no proof that any of these theories were even right in the past, much less being suitable to predict future influences on BTC prices. Hopefully the author puts in a bit more effort into his next articles. ya.ya.yo! It was all speculation right from the very beginning and those journalists usually end getting it wrong. Most of them are just paid to write something or say something in front of the camera that is why there is the term "talking heads". That is all they are, they have no real opinions except those from other people that are using them to say or write about it. Real journalists are a rarity these days. |
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I do not get why most of you think that Bitcoin will sky rocket because of the situation in India. There are some hurdles to overcome over there before they can buy Bitcoins. Do not forget that it is a third world country where most are not connected to the internet nor do they have access. Also most of the people there are poor and if they have savings, Bitcoin would be the last in their priorities.
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I could maybe see Bitcoin getting valued at $10,000 but at $1m? That is far too reaching. Those "experts" are already making themselves look foolish stupid now because it is obvious that those are old clips from a year or 2 ago when Bitcoin was still being hyped by mainstream media. Now ask them again what they think now. Especially that Indian guy at the beginning. The video is nothing but a collection of old clips of people babbling and they are not even Bitcoin experts. |
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A month or 2 ago I would have said yes. In fact I had buy orders placed at the mid $500's because I really thought that Bitcoin will stay below $600 until early next year. Answering your question now, I could only tell you to look at the price now and look how strong it is. Does that look like it will go back down to $500 to you?
Yeah, we well remember how you had been claiming that folks were in denial if they expected the price to rise above $600 till the end of 2016. As it turned out, it was mainly you who were in outright denial back then. So what will your next prophecy be? Or will you refrain from prophesying altogether? So as not to lose face again As I mentioned before, please take what I say with a grain of salt. I will not refrain form "prophesying" because what you call "prophesying" is just speculation after all. This IS the speculation board of the whole forum, is it not? I am not afraid of losing face because I am not an expert and I have never claimed to be one. So take my "prophecies" as you will or just ignore them altogether. But that will not stop me from expressing myself. Prophesying is not the same as speculating. Speculating (as in making guesses) about future (including future price of something) admits the possibility of being wrong while prophesying doesn't. In this aspect, prophesying is the opposite of speculating. Basically, it defies the existence of alternative outcomes. If we should have taken what you had prophesied with a grain of salt, we would have had to treat you as a clown (nothing personal here). And I guess many thought of you this way exactly. Whether it is a speculation board is irrelevant, but what you actually say is... It is a difference that makes the difference Take of what I said as you will and see me as you will too. I do not care. It is your right and I do not judge all of you for it. The wrong thing to do is trying to discourage a person from expressing himself simply because he or she made a mistake. Get off your high horse as if you have not made a mistake yourself. Your mistake was openly bullying people, not being wrong in predicting some price No one would actually give a fuck if your prediction or prophesy came off false. You are not discouraged from expressing your opinion (whatever that might be as long as it doesn't break the rules, of course), you are discouraged from pissing people off. And it is no good either trying to hide what you had been doing by sticking to all kinds of dodges. If you didn't care why did you decide to lock that thread? It was not bullying. It was simply a sarcastic tone to get the attention of the people who keep hyping when there is nothing to hype. Also for your information it was not me who locked the thread. A moderator did. Someone must have reported the thread because that someone probably got annoyed. |
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Can you stop pricing yourself in fiat?
I would say it is with almost 100% certainty that you cannot.
I'm wondering just how long you will use the fiat banking system as your crutch Let's be specific here People don't price Bitcoin in abstract fiat. They price it in dollars, euro, British pounds, Chinese yuan, Russian rubles, and whatever currency might exist out there. What does it tell us? Basically, that this valuation is no more than a useful convention since most of these currencies are independent of each other. As you can see, it proves the point that you can essentially price Bitcoin in anything, which is only a matter of personal preferences and convenience But are all fiat currencies really independent of each other? The last time I checked most of the countries around the world consider the US Dollar as the reserve currency. Most of those countries hold their reserves in USD and GBP or even Euro. Once that happens a dependency will have to occur. International trade is also one way of making these currencies become dependent with each other, specifically dependency on the US Dollar. |
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Will the IRS hijack the Bitcoin moon rocket?
Seems so.
They are a very powerful and respectable agency.
What say you?
What say me? I say they will be in for a challenge in taxing all Bitcoin users at Coinbase. That is just at Coinbase, so I cannot imagine just how insanely hard it will be to track the users of Bitcoin in all of the US. It will be a stupidly futile attempt to collect taxes from Bitcoiners. What they will end up doing is do what the US government does best, and that is fear mongering. I would love to see them try taxing the Bitcoin dark market users. That is where the real money is. You don't think that is a bit to over confident. IMO the Bitcoin community has been in this giant bubble since inception.Almost a feeling like they are untouchable or something. I think the IRS played Bitcoin letting it think it was untouchable for all these years. Now it is making it's moves. Time will tell I guess. Just have to wait and see how many "you owe us xx amount of $" letters start showing up at people's houses. Yes Bitcoin is a giant bubble. Yes it does not have intrinsic value. But I sure can sell my Bitcoins at $750 per coin right now and that is all I care about. The IRS has nothing on Bitcoin. But they are free to try to imprison all the Coinbase users or fine them if they were not paying taxes. Then what? Back to bubbles. If you think it is a bubble now, you have not seen nothing yet.  The bubble I was speaking of was not a monetary bubble. It is the mindset that the people are in. Untouchable. It is interesting. Like everyone is treating Bitcoin like a video game. Does everyone else have to think like you? So what if they treat Bitcoin like a "video game", whatever that means. Where is the bubble in that? If you mean it as having high hopes in the cryptocurrency then why does it matter? Bitcoin is and will be different for a lot of people. The important thing is there is growing Bitcoin awareness. If you do not think the awareness is growing then just wait until this blows up above $1000 again or maybe more. That should make the mainstream media start publishing stories about it in the news again. |
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