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10321  Economy / Gambling discussion / Re: CSGO TIPSTER HELPING YOU GET EASY BTC :) E-LEAGUE MAJOR MATCHES! on: January 26, 2017, 11:58:12 PM
I think Navi is going to win this thing. They've been playing some good cs this tournament. I'm probably going to take them over Astralis tomorrow if I can get it at decent value

Navi typically falter in the later stages, but they have s1mple now and that could be the push that gets them at least to the final.   SK are a man down in theory though Fox is doing a good job, but I'm going to be surprised if anyone else but those two take it overall.
Gambit has been very impressive, not sure about the rest
10322  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BLK/BC) | PoS | No premine | No IPO on: January 26, 2017, 11:56:27 PM
Here's a link to a zipped blackcoin blockchain download.

http://108.61.216.160/cryptochainer.chains/chains/BlackCoin_blockchain.zip

Thankyou that is useful, much quicker to update from there.     I have alot of stake type transactions but with no tick besides them, I presume thats because it wasnt really in sync with the network at that point.   Otherwise its mostly fine just missed some weeks live I guess
10323  Economy / Gambling discussion / Re: CSGO TIPSTER HELPING YOU GET EASY BTC :) E-LEAGUE MAJOR MATCHES! on: January 26, 2017, 12:00:57 AM
Gambit are surprisingly quality team, I thought that every game Ive watched them so far.  Wish I'd had more faith to put on a little more there

I will go underdog for the next two.   Liquid yes I know but 30% is too low and Envy can beat Faze if they want, its bo1 and its hard to know so maybe wait for the map to bet perhaps
10324  Economy / Economics / Re: What if US Dollar Crashes? on: January 24, 2017, 08:35:51 AM
Theres a good point in there, the major currencies are all in some way supporting each other.   To have a really large crash requires that an alternative becomes apparent, a major country to break ranks with the rest and go for a strong national currency stance with proper rates about inflation paid.

That prospect is apparently quite unlikely, Japan is extremely negative on its currency worth so much so they risk a failure or breakdown of worth but apparently there is not enough force to make that happen in the markets.   Its cliche to say its all fixed but somehow it doesnt seem to resemble open competition, gold is no strong alternative either despite being the backing for currency over centuries.

So a member of this system needs to break ranks, China or Russia are the largest most obvious candidates but again I see no imminent threat.   I think setup an alternative to the IMF, perhaps thats a development towards a new system where fiat holds value better
10325  Economy / Collectibles / Re: [WTS] 1BTC Casascius Silver Round /w Gold B - GOLD HEART ERROR COIN - VERY RARE! on: January 23, 2017, 08:50:50 AM
I like the look of those, the ironic side effect of asking for bitcoin payment is you want someone bearish on BTC but who is bullish on the gold or silver content of the coin.  Because they are losing more of the bitcoin in order to buy the physical attributes of the metal and this particular coin, so thats probably what makes it a difficult sale.
Ive never been sure about the whole case for gold cross over investors to bitcoin because they are different asset classes, I hold gold in a blockchain type account but I accept its not really crypto related and is centrally reliant on the custodian.  Its bling for sure, you want someone rich or with much larger holdings they dont hold personally to pick this up as a kind of folly for their desk I think really
10326  Economy / Speculation / Re: Lose all your capital fast, with MatTheCat and his TA 101A! on: January 23, 2017, 06:25:26 AM
Well I think you may be right,  I heard a quote from hundreds of years ago after a period of turmoil stating very similar not sure you meant to reference it.   Hope google finds it, here it is famous dude indeed -

Quote
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.... I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

Papers of Thomas Jefferson Digital Edition
Thomas Jefferson Retirement Papers

The worst mistakes are repeated and there is probably some historical precedent for what happens next, we'll all be surprised anyhow as its new to us.   I only read 1929 being discussed, just noting history and extrapolating into future events is TA but this would be on an epic scale and maybe theres not enough record of prices at that time, rates, etc

[There is some idea on sources discussing the quote is not true, I dont know but I still think history would give us a good account of what happens to large debts unwinding.   A whipsaw effect seems probable]
10327  Economy / Economics / Re: Bitcoin can not replace fiat on: January 23, 2017, 05:58:43 AM
It could be done still, you just have more locally based token currency.   Some cities have their own basic commerce tokens even now, it encourages business to stay within that small area and you just have to allow small citizens to cash in and out of that area.   A bigger business would likely still be accessing the national currency in larger amounts, Ive heard of this being done now in western countries
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By that time most likely, fiat would already be a thing of the past as everything would already be digital.

Dollar is digital now, they dont have to issue the plain physical notes but they do to provide convenience.   Ive never used a paper wallet for bitcoin but sure its possible to do.    Dont think these features are somewhere far in the future we can do them now.
We've had gold, silver and copper currency at separate ratios of worth before.    We have FIAT debt and central currency now because it suits large governments, many western countries have over 50% of GDP occupied by government revenue streams so this is done to reinforce their power, taxation and so on.  Normal capitalist money would be far more independent and the taxation more 'voluntary' not taken via inflation as we have now

Most money we all use is digital afaik, the largest transactions are conducted via balance sheet transfer between the largest bodies public and private and none of it is ever note printed or ever will be I guess.   They could issue us gov cash card next month and we'd never see a note again fairly sure, this could be the modern version of gold confiscation.  I believe India recently changed law to allow for non cash wages

Bitcoin is a bit fiddly at present imo, it'd require alt coins usage also.  Unlikely as an absolute change
10328  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BLK/BC) | PoS | No premine | No IPO on: January 23, 2017, 04:21:52 AM
I forget the address for downloading BLK .dat files.  Im sure Ive done this in the past in order to speed up wallet access and then staking, it would be useful to have it on the OP for quick access.
Is there a recent record for a date in the last year?

Or maybe someone can put something on a file host, I should have done this previously myself
10329  Economy / Economics / Re: Should I believe in Bitcoin ? on: January 23, 2017, 03:46:43 AM
Its relative to where you live how much faith you should place in bitcoin.   IF you live in a warzone then its absolutely useful to you and if you live in a country with zero debt, a trade surplus and a fully funded government with successful business and politics then Im not as sure you should be so biased to bitcoin.   If you national currency is amazing then the exchange rate to bitcoin will not appear as well as less fortunate places in the world.

In fact if you live in a popular country its possible your national notes even if fiat might rise faster then bitcoin does which would appear as a loss to you.   Bottom line is USA has problems and that knocks onto almost all other money based around government, hopefully bitcoin can state neutral and secure
10330  Economy / Gambling discussion / Re: CSGO TIPSTER HELPING YOU GET EASY BTC :) E-LEAGUE MAJOR MATCHES! on: January 22, 2017, 10:51:15 PM
Liquid as underdogs   -   well I was almost right  Sad

Astralis: device, dupreeh, Kjaerbye, Xyp9x, gla1ve
Godsent: pronax, JW, znajder, flusha, Lekr0

Too unknown, inconsistent for now see bo3.  I prob go with Astralis

TBD: WorldEdit, B1ad3, markeloff, wayLander, electronic
FaZe: aizy, allu, rain, kioShiMa, karrigan

Flip is todays most unlikely/upset choice vs Team Problem?
10331  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Fastcoin - FST - The Fastest coin so far in the market - is launched!! on: January 22, 2017, 01:36:42 PM
Amazing resilience, I remember this one for having a ton of orphans whenever I tried to mine it and latency was an issue as others closer to a node got the blocks.  I let my switching pool handle the actual handling of the blocks luckily, I'd be happy to learn of its usefulness but who is needing to use such quick blocks.   Dont casinos keep internal registers for transactions.

I do wonder if the whole world switched to crypto coins for everything surely fast coins would be more needed.   I think blk at 60 seconds and enrg at 150 seconds both POS are fast enough as it is and for the light commerce 1 confirmation is enough to go on
10332  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ENRG]EnergyCoin website | v1.5.1 Client | Bittrex | ROKOS | Ubuntu Mate on: January 22, 2017, 11:47:12 AM
Maybe we should sell more stuff in ENRG, post your thread here if you are providing services or goods and accepting ENRG for it.   Or if you see a website that does similarly and that we can encourage usage and so support trade volume, which does matter to establish a valid price so I guess its fair that the exchange is taking account.

Theres a few things I could buy and this is a good excuse to do so, just not sure where to go with my virtual coinage Cheesy

https://bittrex.zendesk.com/hc/en-us/articles/115001455187
Just to expand the detail, it doesnt look like they will remove with such short notice.   However it makes a big list of 50 coins needing more volume under their new rules

Quote
The following markets will be removed on January 27th, 2017:

BTC-VIRAL
etc.
etc.


These markets are flagged for potential removal on 01/27/17 due to lack of interest.  If you would like to see these markets stay on Bittrex, please show us there is still community interest in the tokens through trading.
 If you are the developer, please contact us and let us know if there is ongoing development of your token.
BTC-8BIT
BTC-BITB
BTC-BITS
BTC-BLC
BTC-BRX
BTC-BTA
BTC-DGC
BTC-ENRG
etc.
etc.

DGC is one I recognise but I dont follow
10333  Economy / Speculation / Re: Lose all your capital fast, with MatTheCat and his TA 101A! on: January 22, 2017, 10:30:25 AM
Of the four possible, rapid deflation, slow deflation, slow inflation and rapid inflation I think the first is most unlikely.   That would require a strong dollar in order to see the prices of elements such as gold change rapidly.  
To have strong dollar would require default and stronger interest rates, that might mean 10% on treasury bonds and on 20 trillion of debt that apparently would consume the government national tax intake;  they would have no budget left to spend beyond interest.  That is without further issuing debt .

That is not just unlikely, its more probably impossible.  For Trump to swing from a deficit to surplus in that way doesnt seem to be on the agenda and gives him way too much credit of character and ability by himself and every person required during that process.
In two years the FED and congress which oversees it raised rates half a percent as part of their tightening strategy and while continuing QE.

Quote
If the dominant global power chooses BIG inflation, then the world has no choice but to go along with that.
Im interested to know what China chooses next.    I think they have a use for bitcoin in that it effectively exports cheap energy costs from hydro and coal usage, they only have to tax companies profiting from that.  I presume that is why China has come to dominate in an advanced technology.
I dont think PBOC is hard on bitcoin until its far more overtly behind Gold as a standard.  Bitcoin is weaker now through lack of diversification. gold still has that advantage as despite accumulation China's reserves of gold do not match the Western powers

10334  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BLK/BC) | PoS | No premine | No IPO on: January 21, 2017, 05:11:50 PM
Sounds good, maybe I can figure out a way to use contracts as escrow.  Its not the kind of thing I do normally but I know there is a market for people who want some kind of assurance in service provision

Thanks for the info. If you can get hold of a screenshot of the code and PM me it that would be very handy indeed.


Ok Im repeating the same transaction, theres no limits this time so Im buying 1 gram gold.    Ive sent you details from the payblk app on android via PM as requested.


Just noticed my wallet says it has staked recently  and regularly in the past but the block explorer for the same address says it has not staked since early December but records receiving manually sent amounts.  I guess its not really staking then and thats an apparition just my end ?
10335  Economy / Gambling discussion / Re: How to play gambling in a smart way? on: January 20, 2017, 09:20:09 AM
Quote
There is not 100% way to get rich it's all a lie, the only way is to work hard.

There is probabilities and data analysis, Im not sure how useful that is for an online casino type games.    Seems alot of hassle to me to improve odds slightly, takes the fun out surely but its not impossible to expect some outcomes based on previous cards dealt or occurrences in the same game.    I guess that could qualify as gambling smart, Im fairly convinced some people do this without realising perhaps subconsciously keeping a estimation of when chances are higher and betting with it then.   I mean if the roulette wheel was 10 times red, I would guess black becomes more probable but like I say Im not sure for online over real world factors and probability but surely experience brings the benefit of recognising patterns that occur and the payout possible for taking a risk so I guess only time will tell.  Its not all random though imo
10336  Economy / Economics / Re: The 2.5 million dollar Bitcoin on: January 20, 2017, 06:30:37 AM
Most of the earnings from bitcoin will only be nominal.   That is to say, the value of bitcoin will appreciate much less then the price.    Bitcoin is not a get rich scheme, its not an investment, its not productive all by itself and all it does is transmit value globally quickly cheaply, so its base value is much more flat then say Buffet's shares and his clever industry.
   Here is a famous photo that can bend peoples minds, its not that 100 dollars isnt alot and the car is being sold to settle large debts that will bankrupt him, make him homeless and so 100 is substantial in this photo.  After 1929 when this photo was taken the value of currency dropped gigantically as literally the government confiscated any right to stay outside printed debt notes.   Today we all own promises and debt, we dont own value and definitely not fixed amounts of an asset (some own land but that isnt currency) just paper with writing by politicians



http://www.dollartimes.com/inflation/inflation.php?amount=1&year=1929

So 1929 he was asking for 100 dollars or 5 ounces of gold, that price was the same for those 3 things, gold, notes, car.      If you want 5 ounces now, its $6,000.    
So if we assume that same strange change in price happens to bitcoin, it was 100 dollars per coin when I first started mining so I'll take that and if we assume after the QE programs unwind in a dramatic fashion just like 1929 the system unwound and giant government measures took over, bitcoin should be over 6,000 a coin.    

My projection is to say the nominal price changed and nothing else, just like the 1929 gold at 100 dollars is exactly the same gold as now yet priced 60x higher.   So if you then want to say Bitcoin has grown since I joined this forum and was mining, all this price increase to $800 is value of bitcoin utility. Its all valid value in this price, transactional economy of bitcoin supports 800 not a bubble or brief speculation on failing dollar by Chinese etc.
  Then we must take the 6,000 and increase it eight times over the plain $100  and you have your equivalent post FED QE bubble unwinding, politics messes up like it did the 30's whatever event occurs blame Bernanke or whoever but inflation happens; after the dust settles you have your grand bitcoin price per coin of - $48,000 per coin

Market cap just over 1 trillion if Im able to multiple by 21m correctly, thats a much fairer idea of what if bitcoin took over dollar usage every day at least for some of the broad population
10337  Economy / Economics / Re: The 2.5 million dollar Bitcoin on: January 19, 2017, 11:12:37 PM
U.S. dollars have little to do with bitcoin anymore.

Yep if bitcoin is a success then its because it wasnt tied to one country, or one bias in one section of the global economy.    Just allowing people to transfer value without political interference that is the useful and valuable thing that helps bitcoin price.    Theres got to be genius of enterprise all over the globe and tons of them are miles from any kind of wealth, we are losing the talent of those people and the wealth they would produce in their economies if given a chance.   True capitalism is competitive and you have to win that battle to gain the value, our system now is too biased to the standing powers, too many idle rich.   Bitcoin has massive velocity which I believe also benefits distribution and wealth production to those who start off small, in end everybody benefits if capital is attributed to the hardest working parts of economies wherever in the world.  That is the ideal

I agree with the second poster, the OP is too absolute.   Bitcoin will not be 40 trillion in that way, forget dollars now if you like but dont forget every other currency that also can hold value.   It wont slide over to just one thing, if nothing else think of the previous dollar the old one before the Federal reserve of 1913 when a note was a promise of gold if you wanted it.   That also was a monetary standard and that idea can also rise, its very likely we see adjustment to greater variety not less.  I hope so anyway
10338  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BLK/BC) | PoS | No premine | No IPO on: January 19, 2017, 10:49:00 PM
They are actually a bigger company then I realised, 200m market cap.   Heres the stock quote: https://www.google.co.uk/finance?q=TSE%3AXAU&ei=hjqBWJGjOILCUYXHs0g

Goldmoney.com/r/aa7qo4
Heres my referral link if you want to sign up with it and theres something about free superbowl tickets raffle not sure but I believe they give 5% bonus to first depositors and then they allow a variety of payments including crypto coins.  There might be some idea of them using blockchain Im not 100% of that as obviously the gold is stationary, its held by brinks in a vault

I like they allow sub gram gold purchases and transfers which is good as Im not rich, so they have that micro economy thing in common at least but I think its far more centralised so Im just testing them out like I do alot of ideas.
Theres a historical precedent where when large upsets occur to the monetary value in a country that the people who lose most are the little people.  (See USSR and its wealth transfer to the biggest players most recently)
 The QE ongoing right now is being conducted in units of  $100,000 bonds and if your savings are smaller then that you are outside the game and quite likely to be losing money even right now.    Big business doesnt mind that effect and the cheap rates from QE as their balance sheet fits into that scale of economics.
Ideas like the crypto coins and this micro gold thing I think might help to mitigate some of the worst effects from the political fallout of QE and lost values in dollars and other currencies.

Quote
Did you happen to see the format of that in plain text

Well it was basically the address and a '+55' all in the address field. I think that was it, I'll test now  [nope it wont let me proceed their side,maybe in 24hr they reset limits or something.   It has confirmed fully but I think they fixed their values as a constant incorrectly, I'll raise with support if its unaltered]

10339  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BLK/BC) | PoS | No premine | No IPO on: January 19, 2017, 04:07:00 PM
I still use Polo and the order book looks close enough still so yea BLK is just not that expensive or used in a ton of goods I guess so not that much volume vs bitcoin.   Its a tough market out there competing with all the other coins.  


I noticed blk on a website for sending grams of gold though, thats nice to see and it didnt seem to mind when I forgot the transaction fee and sent slightly less then arranged.     Only hitch is it had me send such a small amount, maybe its a starter thing but I'll enquire about it if they dont let me send more tomorrow or a decent amount later
 

My wallet is being weird at present, I guess its a presentation thing as when I check on the blockchain explorer it sends and receives what I wanted.   It currently displays staking and its just stuck like that, not showing transactions Ive done but does show the stake reward each time.   Guess I will mess around with the blk files but its not a machine I use, its awkward and slow from being an old machine :p


Also tried out the android app, worked fine.  super fast setup, nicely done.  Not sure it could be any simpler.    It got confused on the QR code for receiptant as the amount being requested was included and it then rejected this as a valid address.   I realised this after skipping to the contacts page where it scanned, objected to but displayed and let me edit the newly scanned address.   Then it was a valid address, I saved and used the contact in the transaction and it let me send blk I had got seconds before, small hitch
Tried Linux wallet briefly but Im a clueless noob, failed at first hurdle; I'll look at a guide
10340  Economy / Economics / Re: Martin Armstrong Discussion on: January 19, 2017, 03:32:34 PM
Bitcoin is transactional we all know that.   The amount of data it stores is quite small though its a unique and lasting encryption perhaps but the store value side of it is the minor to its ability to transmit value faster, cheaper and securely over gold.   Gold requires additional security to ensure its transaction is safely done, bitcoin is self contained and slimer.  
Gold I accept but silver is industrial and varies more over time and has less advantage over bitcoin and its own variance.
https://i.imgur.com/J5JFDov.png
Here is a small picture of flipping between the two, some tiny gold transactions.  In theory its now possible to move grams of gold cheaply between consumers for transactions, though fractional base coins have existed before this is more exact but reliant on a more central system.  As per the statement above, bitcoin cannot be replaced by gold either they are distinct

Quote
Bitcoin's value is based entirely on transaction flow and artificial scarcity of block size. For gold or silver there's an actual cost of production price floor. Oil makes up a large part of that floor, but even if you invent free energy, you're still constrained by the fact that you're in a closed ecosystem with limited supply and most of what can be mined has already happened anyway, and most things on the periodic table have some type of inelastic demand in the first place.
Gold is usually rare but it has at times been found in large quantities with little effort, its still possible this can happen again.   There is massive amounts of gold in the earth still but mostly we presume it will only appear when distributed.   In theory we can get gold from outside earth as it was never produced here, a comet with gold is not impossible and I think South Africa is related to this historic event.   ie.  Its not perfectly regular either
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