Just a general question or idea, can the blackcoin wallet elect to store its largest files on a certain path ?   Quite often I see operating systems setup with limited space on C drive but have additional space via USB or just conventional drives.   Would improve usability for me to have gigabyte files where I want them especially if I can avoid spinning up an old mechanical drive.

Sorry if I missed a switch or option already available, I figured this is the place people would know.


On the price issue maybe look at the BLK graph in dollar as it tends to even out these up down hills generally

googled: https://www.coingecko.com/en/price_charts/blackcoin/usd

Valve is facing a court case I think from parents who believe their system of opening cases and trading in game items constitutes a form of gambling.   It would be a fairly mild type of raffle type gamble I think but its an arguable case that the latest generation of games rely on this kind of DLC payment in game to make their true profits.  Children are being manipulated by the gameplay into swaying odds by paying a fee to the developer.

Hard to regulate but under 18 are definitely in some kind of gamble.  In the UK you can buy a lottery ticket and win 40 million from the age of 16 onwards and there is somebody that young who won

The default scenario for gambling is to gradually lose money, its not surprising as its a business and service provided that costs.   You get to take part in a game and every game has a levy in the odds that means effectively a cost to players.     
Thats the default game you play and only a few who gamble know how to turn a game into odds which favour them and make the game pay them not the other way round.   Its hard to do as most get caught up in playing just the way they are supposed and it has a price to pay!    Can be fun just know when to quit, usually after a win for me

It can spike up and bitcoin can drop to zero, its naive to believe otherwise.   Incompetence, ineptitude, malpractice, arrogance, hubris, however good the code the network is ultimately relying on the good nature of man for the development in its success or failure.   Stating Bitcoin can never go down now to me makes that even more likely because your not looking down it doesn't mean we cant fall.

If bitcoin does better represent capitalism then we must also believe in an open competitive market which means bitcoin can be replaced this year by something better.  This is why I think its about the developing situation not this fixed idea of superiority to dollar meaning a certain destination of higher prices.

There is nothing wrong with the US dollar itself to begin with, the machinery is fine enough to carry on for generations.   The decisions made by those at the controls is leading to its destruction, if thats not an anarchist view but increasingly mainstream then it must also be stated as possible for bitcoin or any other 'arbitrary' standard.

The majority of dollars transacted are never made into notes.   Its very valid to compare to bitcoin as both are digital currencies.  Yes even the old green cotton Dollar is in fact in the modern technology era now a digital currency.    Its sent completely by electronic means and clearing to transfer value across the world, if you think about it then of course its all done by computers.   The difference is bitcoin is not fractional reserve backed, its fixed in its number and also dollar integrity is regulated by one central authority and no others.
  Bitcoin is not supposed to be determined by one person or even one set of people in one country.   Im not sure how true it is now but its distributed in its control which is far closer to old capitalism and solid money then the modern political dollar.   The two are comparable though

Bitcoin is not worth more then gold just because we compare price vs ounce of gold in one currency       The total market for all the metals is far larger then bitcoin, we arent close to that yet

From my cold dead hands  https://www.youtube.com/watch?v=dpOmAQecavw


Mars is not likely in our life times.  The space race is undermined by the current failings of government policy to tackle wasteful debt and wasteful over spending in fiscal budgets.   You cannot launch a rocket without a very sturdy base from which to place and build the rocket.   Right now they dont run earth well enough to be spending the giant amounts required for Mars, never mind the technology development we'd need to over come certain tasks.  
Theres good reasons we havent been back to the Moon, even that next door neighbour is quite a task and Mars is another continent away relatively :p    

The race now is not outer space but inner space, the smallest amounts hence the time of bit coin not the grandest of monies which is treasuries.   We havent seen that out yet, not even begun perhaps.  I think we're at the dog launching stage right now as a parallel :p

The correct frame to put gold price differences in is that the dollar value is varying.   Not the right time to buy but the right time to be selling your dollars or the correct time to exchange Yen for gold.
Gold itself is perfectly inert and we know its not used up or even used much in industry, nothing changes.   Also the supply of gold is quite low and certainly steady over time.   Variation is not about gold its about FIAT money which is all theoretical and very subject to political upset and shock.  Such as the wrong candidate taking over the biggest seat at the table of many meetings for the next four years!

Millions maybe billions use gold if you reference those reliant on it indirectly via central bank deposits which are then circulating notes of promise though obviously its the case now that no note allowing exchange or demand for any real asset including gold is given.
Gold is a very large market though, you can be sure its far bigger then bitcoin still.  I would include places like India where its kept as jewellery but also used in extreme situations to pay into asset ownership or transfer wealth between families instead of the more debt based system the west relies on for 'wealth'

Gold as a store of value depends on what happens with the large sovereign debt issuance, do they default and keep their gold or allow inflation to wipe value from notes and somehow retain the gold.  Both are options and in theory there is no recourse by debt holders but I think creditor countries can and will take action and gold at this point may be used for payment of debt or of goods as trade balance becomes an issue (bad debt = no money and no trade possibly)

If you include this scenario then everyone on the planet is using gold as a store of value.  When your country needs a resource, food or oil then you will be using gold to facilitate those purchases and enable a bad debt record to be cleared.   IF your country is a net exporter, maybe argue differently but I still think gold is alot easier to transport and would be used and even these countries populations are today using gold for future value

Dollars is the world most liquid anonymous market for crime, it beats bitcoin easily as many transactions can be done for notes only with barely any trace possible.   The numbers on a federal reserve note dont compare to the public and central ledger for bitcoin, I think bitcoin is preferable in tracing transactions though neither is exactly known.

This is really not whats holding it back, some slight perception issue but really its always about profits and security

Right now US dollar is center of the world but if you consider the population and the wider global dynamics then it doesnt have to be this way.     In the past the tiny UK Sterling was the worlds reserve currency but at that time it was also operating the largest empire thats ever been so it had alot of trade under its umbrella.

Bitcoin doesnt have a giant amount of trade and so is not greatly independent from the dollar (like a country might be) but it is global, there is not just one country visiting these forums.   I realise USA is the richest country in the world and not all voices are equal in money terms but I do count the population over the world and start there as a comparison for what happens next.    The reason I do that is because I believe all humans are equal and so to are equally capable of producing money or goods or utility which allows for purchasing power and so bitcoin is tied to the world and this larger population more then just USA dollar.    

I dont think bitcoin will sink with US dollar, not in a 1:1 ratio at least.   It should rise in price as dollar declines due to excessive money printing vs its growing GDP;  also possible is bitcoin gains a premium for being more reliable then dollar.     The thing to remember with USA dollar is they benefit from support globally, so is this trend increasing where the world will keep defaulting to US dollar for trade or is it true in general that technology and political progression is advancing money beyond just US dollar and its flaws with Washington politics and bias (not beneficial to 'fair trade')

Recently its noted that OPEC is not the power it once was, well alot of OPEC trade is done in dollars where countries trade and hold in reserve US dollar in order to be in that world oil market.   You have declining influence there

The bitcoin is not a type of dollar, this is weird thing to think about especially if you live in USA and all you do is count in dollars so your whole perspective is money is dollars.  

So if dollars buys 10x less of something and its not because beer got rare but dollars got weak demand then at that point bitcoin will retain its ability to buy those 1000 beers with just the same amount.    
Over time what happens is people who earn dollars will produce more beer themselves (also consume less).   So they'll use dollars to buy ingredients for the beer and they'll apply their own labour to produce.    The big banksters tend to think money printing is a kind of productive exercise in this way.   Either way its not static but theres no reason for bitcoin to move downwards with dollar unless its only users were from USA, if thats the case then the customer base is less wealthy maybe its arguable.

The Question answer is 1 bitcoin will equal 1000 beers  and $10,000 will equal 1000 beers so you have a new exchange rate of 1 btc to $10,000
Im not suggesting the world is this simple or so static but thats closer to the truth.


Some will think this example is similar and applies to oil and fracking, OPEC complicated that

Alot of people just want to be mad at anything in sight that resembles a target, cant really blame them as it was a big failure though I'd love we had the exact solution and person to blame right here we dont.  I really dont think exchanges should be structured the way they are, hopefully it'll evolve and somebody somewhere along the line gains from the experience.   Until then I think this kind of centralised failure will keep reoccurring in any business that keeps everything in one basket, however great.
  Kinda sad but alot of my coins were declined in price at that point anyway, I should have sold more kept less especially in one place

A disorderly market is what they always refer to avoiding.   The whole point of the federal reserve to begin with was to avoid the extremes of panic sales, if they cannot at least do that much then the whole idea is a failure and they are facing a scrapping of a privately run central bank such as they are (private in name like the fannie mae mortage scheme was and now isnt)

I think gold is more familar to people worldwide then bitcoin so that may gain a premium.   The price of bitcoin will rise anyway as the value of dollar falls, thats just because the supply of dollars will rise and so every price rises.    With so many bonds issued, all are payable in dollar notes ultimately so there is alot of inflation locked away not seen just like the arctic ice contains so much water it could flood out many countries and their coast lines if ever released.   The problem is already there and everybody knows there is too much debt but right this moment its not liquid and circulated and so inflation is not apparent and prices are not rising (massively).
   A crash would only be a realisation of the problem in immediate terms, long term its mostly a certainty unless they discover giant amounts of utility to raise GDP like free nuclear power or something extreme.   Last news is low gdp growth and the dollar will fail vs bitcoin vs gold or any other reasonably secure standard of value and transaction

If you know recent history then you know we the people of most modern world countries had one currency system shared as late as 1970.    After Nixon the world lost a common link to gold via the dollar and so we have all varied in our currencies and floated various exchange rates and politics since then.

I guess its not recognised the world currency was gold till at least the lifetime of your parents if not your own.  The Swiss used gold still till a decade or so ago.   What will happen is what already happened in 1970 and prior

https://en.wikipedia.org/wiki/Bretton_Woods_system

The idea is to save your earnings overnight securely not to make you any richer or poorer for that matter.   The price changes in gold is just an effect of the dollar itself varying in its worth, mostly gold is very limited in supply and regular in demand which means its price is mostly the same not just now or this year but a similar price for this decade the last century or even a thousand years.   Gold valuable for been continuously reliable for generations of people, longer then quite a few countries have existed.

Bitcoin should have higher growth, you might have the idea it can make you rich and I guess it will do that or lose it all as some holding with exchanges experienced.    I still think you have to do something with bitcoin, not just hold it and if you do nothing then surely gold and its inert nature is more suited

I have heard of a blockchain linked to deposits of gold, so a combination of these two standards.   The problem with this concept of gold exchange is its not fully decentralised like bitcoin is originally but since bitcoin is now centred around some very large mine pools with just a few admin heading them, I consider that standard (now) also quite centralised.

I wont post the referral link here, its linked to a few famous names in finance not out of nowhere like bitcoin was originally and apparently it gives a small amount of gold for signing up and of course the referral so Im keen to pass on the info if anyone is interested, I think gold via a bitcoin-like transactional small type setup could be successful.  Main problem with gold now is the slowness and large fees to processing, this new scheme links to a mastercard like any other plastic card you use for shopping.  Sounds so convenient but we shall see how it turns out of course, message me if you are interested

They were almost the same at one point.   Some suggested it very prudent to switch from one to the other, at least to balance out the two extremes of eternal metal with transient code or dam slow costly coin with easy cheap global transaction.
Apart from that no I dont think its a massive deal just a passing news story maybe.  The unit division to both is arbitrary and more about the dollar then either

World population ?  seriously, you dont mean that because the world geography is so varied.   They dont have cell towers all over afghanistan, they should I think have put in better communication as part of the war liberation efforts.  I think better comms would help spread democracy and stop isolating factors and domination by armed factions but unfortunately alot of the world does not have access to cheap communication especially access to global links like alot of the west does.    
Some countries have made efforts, obviously south Korea is a world leader pretty much coming out of a war with strong investment.   My guess is Venezuela is not one of those places to lead strongly with investment in telecoms infrastructure, since its not a flat country I doubt all sections of the population is easily able to connect.   Sure of course theres a wealthy middle class but the majority Im not sure about.     Even if you think online wallets make it ok then I think we have to consider the spending ability also because the country is not rich and so the capital under discussion is not savings but transactional.   Its all cash notes most likely, they may not have even a good development in digital fiat currency like Dollar does have and alot of countries with Euro or other fiat do have good digital use and that staging point allows for an easier switch to bitcoin or similar from business already facing a virtual economy

I thought many of these south american currencies have a fixed linked to dollar so bitcoin is not much of a further stretch.   The main problem is telecommunications in most cases, they dont have the readily available dsl network that is needed for a wallet to stay online and upto date

Hitler was not a great military leader, the Nazis defeated themselves is how I read their mistakes and misfortune.  The German army under other elements might have won or at least taken on less harm and not lost totally.
Hatred is self destructive first and foremost, its not a religious point more generally true they gained nothing in their needless destruction and lost what might have been a restoration of a wider German empire.     I would compare that to the thread topic by saying I think the largest economic changes long term are naturally occurring not political moves or forced through in some way, no great belief in people or doctrine is required to see changes that are probable to occur