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10461  Economy / Gambling discussion / Re: CSGO TIPSTER HELPING YOU GET EASY BTC :) +63UNITS on: October 28, 2016, 11:54:31 PM
Why are FAZE so bloody awful so often, losing 16:0 to Fnatic then beating them on the next map seems crazy but thats their history.   I get the feeling they dont communicate or something   I need to refer to this thread  before I bet, thanks for updating it and hopefully I can win some bits.   I'll try to use nitrogen some so you get some bits for your efforts though my cash is tied up elsewhere this moment
10462  Economy / Economics / Re: Let's Be Honest. We Are Waiting for $100/BTC to buy on: October 28, 2016, 11:49:08 PM
The time is passed where you could do very little but just wait for a price and think this will make you rich.   When 100 dollars was the price I was able to mine bitcoin on my cheap graphics card and get coins while I was browsing the web.   That sounds great but its also why the price was cheap because people would sell their coins immediately that they got 'free'

Now you have big business involved with bitcoins and the reward is halved and still block fees are not making up the difference and there is a logjam blocking us from uncapping the potential for masses of transactions so there is not a plentiful supply of money to those who do the work.   Therefore the cost of work is no longer 100 dollars, people dont sell below what it costs them and generally the market will just hold and wait for buyers to be more eager to use these coins.

Your best chance to get 100 dollars is some giant spike down, like say an angry Federal reserve board declares this dangerous digital standard should be outlawed.   Suddenly you might find bitcoin is very unpopular, it would be brief because these are only political talking heads and likely 2 weeks later Congress over rules them as overstepping their power and restricts them to ideas of dollar currency only.  Who knows but wild spikes are brief and unadjusted only for that moment, I expect only the keenest traders would capture an unnatural price.

Tonight markets fell because of investigations against Clinton, I expect that amounts to nothing but still the price today is a bit lower.  Its all speculation but ultimately I dont think bitcoin will be 100 dollars cheap while its costs are higher (and its useful and wanted as a coin)
10463  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: October 28, 2016, 11:35:44 PM
and POS coming soon ( or later)
POS give power to whales .
you need a very good pc to keep a POS coin running on you pc.
look at the history of POS coins. bitshares for example was among the 10 bigest in marketcap and now ?

POS is generally a good deal, I use blackcoin which is Proof of Stake and energycoin.    They both work ok, there is some impact for much older machines but really its not a problem I find and 2008 hardware was ok.    POS equates to capitalism I think, any standard too elitist wont survive long term
10464  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ENRG]EnergyCoin website | v1.5.1 Client | Bittrex | ROKOS | Ubuntu Mate on: October 28, 2016, 11:31:07 PM
P.S. next time when you run with new folder again, you can download the EnergyCoin blockchain from our bootstrap server first, instead of downloading the whole blockchain from scratch.


The bootstrap idea is good and Ive done that in the past but last I tried it gave me an error, energycoin-qt was closing immediately after.   I neglected to record that error exactly but it was working fine from scratch, just removing the .blk large files.
Not sure what I was doing wrong, I'll have a look at that debug.log as mentioned but I'll also try out the linux version with boot strap.   I'll edit in if thats working ok for me, I would hope so
10465  Economy / Scam Accusations / Re: CRYPTSY stopping withdraw locking accounts without notifying users! Class Action on: October 28, 2016, 11:25:40 PM
The Taxman is always given priority over everybody and then other sections of government and then its the creditors as they are like bond holders.   Theres a pecking order, its not arbitrary, its been this way for hundreds of years and unfortunately unless some big union can leverage something its the smallest amounts that lose the most as I understand it.

There should be a diagram showing it all, most commonly recognised is bonds over shares and so on.  Creditors are something close to bond holders Im fairly sure, so if cryptsy owed rent then thats paid well before others Im fairly certain on.  Only when this satisified do others get a cut
10466  Economy / Speculation / Re: If Bitcoin break $700. For how long it will stay above $700? on: October 28, 2016, 11:03:10 PM
Theres no reason to have 700 as a magic number  Huh  The value of dollar varies every day, the only reasoning to hold 700 special is same as any other human identification of a trend, like avoiding 13.   The world is bigger then this and 700 in USA is a totally uneven number is most other countries, I only hope it means nothing because then we know the global significance of bitcoins relies not on one country and we are progressing to proper distribution
10467  Economy / Speculation / Re: Lose all your capital fast, with MatTheCat and his TA 101A! on: October 28, 2016, 10:58:37 PM
Quote
Just because the US government holds lots of debt doesn't mean USD will become inflated. It's actually scarce among the average person working their ass off in the US to pay bills.

I think the literal expansion of US debt is more dollars, hence inflation.    Every US treasury bond promises to pay out a set number of dollars, whats actually happened in the past is to delay that payback date.    So they take out a new loan to renew the now expiring debt and not only does the treasury do this they also issue new bonds to cover the debt interest that was owed.   On top of that the treasury is also running a deficit and issues even more promises to pay new dollars in order to cover the gap in the budget and tax take.

All of that is covered up by the QE programs, an inside man who will buy all new debt issued no matter the reasoning behind it.   This owner of debt has no assets, nothing to give in exchange for the debt that has been bought but is in control of dollars issued and expands the monetary base in order to include its new found wealth and ability to buy debt.    All of this is inflation, the government never runs short of money and FED never actually produces the notes physically but its inflation of the total dollars used and by at least the old definition this is inflation.    The new definition ignores inflation until certain prices rise

I do believe the average person does not have alot of money.  As a proportion of the economy, the government is larger then ever not through enterprise but monopoly of dollar production.   This isnt capitalism, people with normal income are poorer just from the % taken at source by government from dollar worth. 
Large business with large debt issuance are less effected
10468  Economy / Economics / Re: Martin Armstrong Discussion on: October 28, 2016, 09:27:35 PM
Quote
When Trump wins, in order to re-industrialize America he has to devalue the dollar.

The dollar has to be lower just in order to be realistic about its current worth.   Its more supported and set in price as a global chess piece then an actual national currency, thats a blessing and a curse.
I see a realistic exchange rate as the best conduit to business, capitalism is dynamic not fixed centrally?

No matter our opinions or who wins in politics at any stage or level of power, the dollar is going down.   I dont think it can be argued otherwise just because its so incredibly unlikely that US government will cut back its fiscal deficit, run a surplus repaying debt, reversing QE and raising rates to be above inflation and so actually tighten monetary policy.    Isnt it just the case that no matter what, the current situation will carry on till it hits the rocks and a serious deformation to the status quo occurs.    
Personally I dont see that big event as resulting in Dollar higher value but it did in 2008 so who knows but that is the tail end of its use globally.  The business and politics and USA doesnt seem to show any way the dollar can be higher.  Its only because its so solidly counter balanced by larger populations and business outside its borders that Dollar is even where its at


Here is dollar index since leaving gold standard, it doesnt reflect the debt or trade gap.  Its still to fall and leave what is now its point of strength, making now (long term) a good time to sell dollar imo.  It could be argued every currency has devalued at just the same pace so its right that the sum average of the graph is sideways neither up or down but if USA loses its reserve currency use it would be lower and thats the result of mismanagement via QE.  
  I think Greenspan and Bernankes words recently justify that view, a change away from the norm will occur
10469  Economy / Services / Re: [WTB] IM BUYING ARTICLE ABOUT MONEY MAKING OR BITCOIN for $10, NO COPY PASTE on: October 28, 2016, 09:08:51 PM
I can post an article on various types of money making, also money saving, reducing expenditures, voucher usage, trade or swap discount usage, finance, money market enterprise types, parts recycling and breaking, ebay, boot sales, fire sales, auctions, car reselling and imports, arbitrage, betting forms, hedging sports betting.      But which type is preferable, personally I'd rather mention all in one article as I might find 1200 words on just one subject a bit harder to do.      
Is there a fixed type wanted for the article or is it all free form and only reasonable grammar and unique origin the possible sticking points in this ?
10470  Economy / Economics / Re: Economic Totalitarianism on: October 28, 2016, 08:18:38 PM
My plan is to simply leave Australia, I just hate it here, the safety culture drives me bonkers.

I will most likely go to Baguio, the climate is similar to what I am used to, there's some decent schools there & it's far enough away from parasite relatives.
Apart from the occasional earthquake, it looks pleasant.


 I imagined Australia was so large it was possible to just drive 50 miles outside a city and be far from government and have as much land as you like and so on.   I was thinking the west coast was nice.   New Zealand with all its varied climates seems amazing, a childhood friend came from there with some great photos of each terrain always seemed like the perfect place impossible to be bored

People actually come from Australia to UK, no idea why because it only rains here Tongue
10471  Economy / Speculation / Re: The Drop on: October 28, 2016, 07:54:49 PM
You cant go on price alone, its usually volume that gives most significance to a price.    This is hard to collect as we have so many exchanges but its probably worth collating the data.   The quick alternative to find volume is that it often centres around news events like mtgox stopping and other such things.   This will represent resistance like a ceiling or bar you hit your head on, forcing price down as sellers come in.
The chinese attribute 888 as lucky for example I think, so any price can become a big point. 666 was the stockmarket bottom price, a few traders typed that in as a buy apparently
10472  Economy / Speculation / Re: Bitcoin just hit $675 on GDAX.....fasten your seatbelts on: October 28, 2016, 07:25:14 PM
Update on bitcoin price 685$!! And has a strong way to go up. Lets welcome 700$ again. Hope 700$ will be the next stable bottom of bitcoin.

Careful now - if American interest rates get hiked after the election, then the bitcoin price will stall. It will still be strong against the yuan, euro and pound, but in dollars it will stall.

Is there a chart for sterling somewhere, some new exchange I think I read about ?     The deal with US rates is almost a known quantity because of US government debt and consistent overspending they cannot afford to raise rates.
I forget the exact figures because its terrible whatever it is but every 1% is like an extra trillion in interest per year the US government has to find, they already have a deficit even with all the help given from QE and lowest rates ever recorded.   If they cant balance the books now, its likely drastic measures will occur before this is over.
   Bitcoin is really not the weakest point in this argument, rates rising is not a feasible event, what happens next is the Dollar gets increasingly weakened by poor governance in politics and in administration by every central bank of the world.   All of them rely on dollar which is unsustainable as it is now, doesnt matter who you vote for neither party has a solution to this
10473  Economy / Economics / Re: Is gold better than Bitcoin? on: October 28, 2016, 03:03:48 PM
In many ways gold was always better then bitcoin and always will be.  On a very long timeline its not hard to make that point.      Luckily for bitcoin we are living in a world that is faster and more transient then ever before, we arent often considering annual purchases but really the tiny 'bitty' commerce of street trade and honestly I think bitcoin could easily be the best fit for this very fast movement of currency between people.
 On near zero margins you want the slimmest simplest easiest most secure no hassle possible vehicle for your trade possible.  Im not saying bitcoin is that right now today but I do believe we should absolutely hold that up as the target.

  This whole idea of get bitcoin and never spend it is a disaster and totally contrary to its main strengths, when people act that way and this OP question comes up then thats where gold on balance appears to be the equal or superior to bitcoin.   Which should be ridiculous, gold is nothing like bitcoin; its clunky heavy, large awkward to handle and expensive to transact.  It should sink like lead but due to a mis-framing or misuse of bitcoin its viewed as a balanced equal to bitcoin.  So we end up down this dead end road and gold will win over the very long term and that will be sad to see
10474  Economy / Economics / Re: Bitcoin to be international currency on: October 28, 2016, 02:55:55 PM
People are bigger then companies, any good business understands and reflects their customers demands for convenience.   Bitcoin I've always argued should be as easy to use as possible, if you do this and you allowing very low cost 10 minute purchases in every country of the world then the product sells itself.   People will lead this move because we all want to be part of global trade, everyone likes their special foreign item that is rare otherwise in their community and they are willing to make efforts to get it.  Or it can just be that many products are cheaper when sourced across the world, we are all aware of that ongoing trend for labour use everywhere not just cities of rich countries, not even just cities.
  To me this is great because I dont want to sit in a queue of cars, I want the world to transmit its value to those sitting in the country and we dont need to burn fuel going to work but the work and money can be transmitted.    I'll tell you the bottom line always for capitalism, its efficiency always this is the answer in every question of an economy and if the product serves this it will happen.   By all measures bitcoin will be international currency, only a better product but still probably similar could surpass that
10475  Economy / Speculation / Re: THE WORST DAY FOR GBP SINCE 1848 on: October 28, 2016, 02:49:18 PM
Mark Carney hasnt restarted QE but just the talk or indication of that possibility and its a very real one, is enough to weaken sterling.    Federal reserve has been doing the opposite talking up the idea of rate rises while actually only performing one very feeble rise in an entire decade.    Thats quite some game they play.

UK lowered rates but the difference was fairly insignificant, I think it is just the larger picture that the entire bank of England policy is towards very loose money.   This is while UK also has a fiscal deficit, trade deficit and perceived weakness from leaving possibly the worlds largest trading block.
   IF UK keeps good relations with Germany and I guess also France then you have a situation very similar to when UK is in the EU, really people move from fear and then state this as fact when it was just a first reaction.  I do believe economies are founded on peoples efforts and strengths not politics, Im going to be surprised if words matter more then actions.
Germany has every reason to continue good trade with us no matter what, UK is a major customer for them and its both our best interests.   Politics doesnt decide this, the people of Germany and their workers already determine what happens, EU or not is very much secondary to free will
10476  Economy / Services / Re: My signature and avatar space is for rent on: October 28, 2016, 01:21:38 PM
How much to rent signature for one day with big arrow image pointing up saying this guy sucks  Cheesy

just kidding Tongue


you serious ? I free promoting what I want until agree with new advertiser,
 promoting ex "sponsor" for free is "a slap in the face"?

Seems reasonable, isnt this how billboards work even with competing car companies
10477  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ENRG]EnergyCoin website | v1.5.1 Client | Bittrex | ROKOS | Ubuntu Mate on: October 25, 2016, 10:54:05 PM
Search for a small windows registry mod called 'take ownership'.   Its possible your security is preventing access to the files you need to rebuild.  When you examining all the energy files, right click and take ownership on all directories and it'll be clear to proceed.    Similar to not having admin access if you recognise that situation.   I dont know that'll correct it but its simple to try
10478  Economy / Economics / Re: My bank account's got robbed by European Commission. Over 700k is lost. on: October 25, 2016, 10:47:59 PM
Its not just the past, its also the future.   Any depositor of any bank in the world becomes a creditor when they place money with that company, in theory there is guarantees and so on but ultimately you hope the bank survives to pay back the money.  
Its been that way for hundreds of years.

The majority of a population will always suffer over an elite because they represent the bulk of money in that country.   Any candidate who says, I'll just tax the rich or we'll take back power from those at the top is just playing with your perception of the world as unfair.   In a way Cyprus had little choice but to confiscate like this, really it should be done properly and bond holders lose but governments will not punish bonds because all western governments are heavily indebted and potentially bankrupt themselves.   Same kind of dynamic is going on in Greece, the people suffer to serve outside interests.   Its not capitalism, it relies on political intervention and they are biased to their own survival


We all know what to do, we just don't know how to get re-elected after we've done it

Jean-Claude Juncker
10479  Economy / Speculation / Re: Lose all your capital fast, with MatTheCat and his TA 101A! on: October 25, 2016, 04:22:06 AM
He excluded popular addresses and I presume is not including exchange volume which is internal to that system, its not recorded on the blockchain till it exits the exchange to another address.  

The same coins being exchanged on the blockchain by different users is monetary velocity which is very high for bitcoin I believe and it adds value to the market cap of the whole system.   Each transaction has a purpose, we cant assume everyone is pretending to have a purpose to their use of bitcoin.
   If bitcoin is reliably conveying value across the globe and for really low cost, no foreign exchange fees is really useful.   This is a product with an easy to see utility to it, it literally saves me money to use bitcoin and its amazing if I can find another user to exchange value with.   Neither of us needs to be paying bank fees.   Everytime that happens its reducing costs, improving value for bitcoin I think.  Isnt that just normal considered use for anyone in the world, nothing complicated to argue about.

Last time I used a bank to pay somebody 3,000 miles away they ended costing me 7% fees, incredible they can do this but it was my mistake to bother using them.  It was a USA company and I was sending dollars but apparently they didnt like it or it should have been cheaper

Quote
At this time, bitcoin value is 100% speculation, it's nothing more than gambling. Maybe someday people will actually use it for what it was designed to be used for - spending. Maybe then, it will have gained some inherent value as a tool. Now? it's the joke of the outside world, and a gamble for anyone playing with it.

I would be very, very happy to take yours or anybody else's dirty worthless fiat off your hands. Let me know your Paypal address and I will send a request. We both know that won't happen though, because we know you are full of shit. The USD is about to enter a period of deflation, fyi.

Depends where you live but bitcoin can be more stable then the available national currency.   Nobody would refuse the dirty worthless bitcoin either, if its free its good.   The USD has inflation higher then its national base rate of interest, this rate cannot be raised in line with inflation as it is linked to 20 trillion of debt.   Much of this debt is short term, the government cannot pay its budget outgoings without issuing more debt, increasing the ceiling to its debt in order to pay the debt.    
I also think this is straight forward, its unlikely either political party will return the fiscal budget to surplus, will run a trade surplus, will repay the debt or will be able to raise interest rates above inflation.   USD mostly relies on foreign use and holders of its currency in order to continue a stable course, its unknown how that will result but I think the currency will be weak not self determined.
If you earn and hold a weak currency, hedging your bets with another less impaired asset is quite a sensible gamble.   Most buy a house but a small amount of bitcoin for cash isnt unwise if its usable and practical and it is
10480  Other / Off-topic / Re: Complete the sentence... "I would sell all my Bitcoins if..." on: October 24, 2016, 11:22:34 PM
I would sell all my Bitcoins if an invented crypto coin standard was able to enclose all transactions occurring in ten minutes globally without any drawbacks of the present bitcoin standard but with all of the current positives and support by the community
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