27 is likely correct if you include currency where the government declares a value as a function of itself.  ie. the Rouble now is not the original, I believe the last big swap involved an exchange of 1000 new Rouble to one new Rouble.  
Everytime that happens the currency failed basically, so yea 27 years is highly likely as an average in that case across the world.   The Reserve Bank of Zimbabwe revalued on 1 August 2006 at a ratio of 1,000 ZWD to each second dollar  so that was a failure also, eventually the second standard failed but in any case people were wiped in the first instance also.   Not absolutely perhaps but to arbitrarily alter value via your central bank without warning is basically a broken currency, capitalism revolves open exchange and a market set price mostly variable.  
Right now the west has fixed interest rates but not always fixed exchange rates.  Gold is an unfixed rate, currency within the EURO is being fixed and causing problems to its separate nation states. Likely that will precede a failure of some kind in the standard unless the nations all agree to share budgets and debt maybe then it makes sense

This is all fundamental discussion not speculation or analysis of price action, first rule is dont have an opinion just read the tape ?


Theres a cost to everything I guess but if the cost of receiving the item exceeds its worth to you after receipt then you are not any richer and its useless in conveying value.    Paper money can be burnt, even sand on the beach can be used and I believe it is 'stolen' at times for cheap use in construction depending on the area.   China business was in recent years using copper as currency briefly instead of paper, not actually ever using it
   Gold is used as currency for its elemental properties, its not a coincidence that it ended up as money and I think even if it were ugly or really not used at all it might still be used to pass value.  People have to figure this one out for themselves, but my spin is like fiat paper is ultimately only used in paying taxes and doesnt get a use otherwise.   A problem can occur then I guess if all business takes a loss and needs to pay no tax.    Gold could actually be the more practical of the two, paper is only really equal to a receipt given after payment.  Right now the whole world is passing round receipts hoping it relates to some actual transaction by somebody?
  If nobody wants the no cost paper like they dont want the no cost sand then its a problem then, supply of these commodities exceeds demand and value will transcend quickly to other standards like the copper in China or gold or bitcoin just because its fast to transmit and alot easier then tons of sand :p

Why is ethereum superior to bitcoin, can it avoid the current cap bitcoin finds itself in or is it much faster to confirm securely a transaction.   Something obvious like that maybe or a more subtle acummulative effect where it will surpass bitcoin eventually, its hard to beat the current standard which everyone defaults to in their support and usage.   Litecoin didnt, thats probably peaked already so Im just saying it probably has to be better in some way to do prosper as well
The wiki is impressive but the price rose 10x this year so I guess that fits.  Why is the price not shown on bitcoinwisdom, etc and eth is confusing and I guess ETH is the 'real' chain.    Any confusion is bad for growth of usage in the wider population so just wondering as its all generally confusing to me :p  Is this likely to be a consumer crypto standard or maybe more business orientated


Banks are unique in an economy, they form part of money creation.  They are first buyers for government debt if nothing else they wont go easily.   We cant just switch over to amazon cards or whatever, those companies are relying on the currency standard which is part of government and taxes and so on.    Maybe thats the net result of all this crypto standard, to allow more company and capitalist based economic transaction as we have fallen into politics and nationalist produced money.  The losers there are those not in the political elite like your 3rd world country perhaps, I would much prefer we have capital with the people distributed by demand and enterprise.
Any move away from fiat would be a massive deal and an end of an arc going back maybe a hundred years.   The reason a small 3rd world economy is not as significant is that its already likely relying on other countries around it, so Zimbabwe they used fiat notes from south africa and to some extent gold or other tradable items.  USA dollars failing would be a big deal, leaving no other alternative for many.  It is a very privileged system, a big change to that status quo would be a life changing event for most of the planet

Bitcoin hit $1,000,000:
Buy a house and maybe invest in things like the ability to disconnect from the mains water supply or maybe more conventionally become energy self sufficient, usually thats done via solar or wind.  My ideal would be to have a water powered house as its very reliable in many climates, Ive seen houses advertised like this not even that expensive as fear of flooding is a factor.   Either way this would require investment so thats my main theme, if you have the money to become more independent then most house owners


Bitcoin hit  $1,000 again:
Its sad that personal computers are not as involved with bitcoin as previously.    I was here for when people with profits from bitcoin would invest into hardware in order to produce more coins, this is not really a thing now.    Theres always idea of supporting businesses within the bitcoin economy, so maybe look into that.  Obviously it has to pay for itself long term, like above the idea is to use the capital to improve daily money turnover.

Bitcoin stayed where it was:
I sell bitcoin occasionally when needed as its a form of cash, that reasonable to do.  Or if theres a sale of software or whatever I use bitcoin, so just keep doing that but at these levels overall I think hold and save a little

Bitcoin became worthless, or a few cents:
Not much point selling at the bottom, assess your confidence in the standard vs national fiat on a regular basis


And which of these do you think is most probable?
I think national currencies especially in the west have become caught up in debt and zero rate financing.   One such estimate going back decades of such situations is the only outcome is massive devaluation of that currency.   Over centuries its very normal for currency to fail and start over, considering how extreme various factors are right now in terms of debt and bank assets we are likely looking at a failure situation again.
  Of course I dont know, maybe we'll stumble along another decade and still be wondering about this but meanwhile fiat isnt going to appreciate in value or retain its value even.   That just leaves bitcoin to keep its integrity or not, if so it should gain value with wider usage I guess

Halving sounds best as you must have a base price of at least 1 satoshi in order not to fall off the radar of the many generally interested in the whole crypto spectrum of coins.
Mooncoin must have genuine support or it'd never have lasted this long, I think this choice would be best to accumulate on that core population

0.000051  roughly   Theres a reddit for blackcoin if you want to read more
https://bitcoinwisdom.com/
https://poloniex.com/exchange#btc_blk


I noticed this top 5 list of Crypto coins, BLK rates very highly for all its utility apparently:

http://themerkle.com/2016s-top-5-crypto-currencies/

I know someone who can translate to French and also Welsh if required   Depends how much text is involved but I can ask a few people across Europe for various languages possibly

Thanks

Is energycoin wallet single threaded application basically ?   Think its maxing out one core but I have 7 others.
Also can anyone copy up their node list maybe, might help me update faster.
Used this off the front page
addnode=104.131.5.234
addnode=73.7.107.243

addnode=54.213.236.81
addnode=213.46.197.237

addnode=23.245.7.15
addnode=51.254.68.179

addnode=78.194.58.33

I guess I'll just leave it but I dont think its communicating for now, used the boot strap as a start

The reason savings in a bank can be called an investment is because its a form of fixed bond.   A bank can default on these savings and you will not get the money back, in effect you are lending to the bank and are invested in its business interests.    I know we are very far removed from that and of course banks pay interest on savings even if they make a loss but still the bottom line is that your money is at risk.
Even recently people have lost money in banks, they were investors.  Such as Cyprus.

Holding Bitcoin is not savings in a bank.   I notice some exchanges do pay some kind of benefit to those who held balances, so that would be similar to a bank and coule be argued as bitcoin investment.   You are lending capital to the business to allow profitable exchange and fees to be levied on transfers, etc

But BTC just purely in a wallet or the plain cotton notes of a dollar, this does nothing by itself.  Nobody is benefiting from you holding this, there is no possible share of revenues or interest gained.  Its purely speculation, same as a gold coin does nothing at all, the miners are invested but the pure holders of gold are speculating on a price alone.   You have to be mining bitcoin is be invested.  The dollars must be in a bank to be an investment

The gain of investment is from returns.   Not the original capital altering in price.  If I buy a jar of coffee, I did not become an investor even if the supermarket puts the price up the next week and I was smart and read the news and knew they'd be a shortage.  Foresight, a gamble, a risk taken but just speculation on a commodity price but no investment as I sold dollar to buy coffee.   If I grow the coffee plant, the returns and growth mean I may profit from my investment or my returns might be negative to my costs

Gambling can be a form of hedging other nonnegotiable risks.   Such as people who hold stocks are often given some leeway vs currency devaluation especially if they hold control of companies trading internationally.    But just spinning a wheel or throwing dice is entertainment of course

The question was investment strategy though and holding all cash is not actual investment.   What people are proposing is to speculate on forex demand, if you sell dollars and buy bitcoin or gold then you are presuming a weaker dollar then either of those alternative cash substitutes.

Your investment was nil, there was some hedging of your savings placed against your primary income which for most is dollars.   Thats smart, Im not arguing against anyone but its not investment to hold bitcoin.   BTC by itself does absolutely nothing, the miners are doing something and so on but only  POS coin can argue they do something by having a wallet

How is that ?  The price could stay very level for a long time, speculators would be upset at that.   Making money from just taking an interest in bitcoin I guess requires some direction, if people setup a business to use bitcoin then they will profit from a very level price.    Reason I say that is the stability will encourage use and reliability by its users in the system, very erratic price is actually really bad for business.

If bitcoin went up alot it would likely be seen as expensive then, I dont really agree with it has to be up or down.   Its combination of factors, every day the US dollar is changing and its government is taking on more debt with more QE and so on. 

I owned royalty shares in Cryptsy and I made a profit but didnt realise it was so vulnerable.    Somehow they kept all the coins together and someone invented a new coin just to break open the vault and collect every wallets contents ?  

Why does nobody consider that would happen.   Anyhow I did sell some of what I made, the old failsafe is only gamble profits.   Learn from your mistakes, centralised money security is always targetted so it keeps happening to exchanges.      
Other mistakes are normal, not believing in bitcoin as useful during 2013 or earlier.    There would have been no harm taking an interest so I guess I was lazy there.


The largest centralised money system in the world is USA dollars, so if I can gain one thing from my loss its a knowledge that this system will break down.  Capitalism is not centrally controlled, its distributed and for this I think bitcoin deserves some faith in its system.  So long as its creators continue to respect distribution not central control, vs dollar btc should rise in value

Your Bitcointalk Username: stt
1) Your Twitter audit Link: https://www.twitteraudit.com/SabreToothTiggr
2) Your Twitter Post Link: https://twitter.com/SabreToothTiggr/status/786616327003787264
1) Twitter members: 255
Your BTC Address: 1MQAjDc95q651BZUHky6w4zyAkNCDyon1d

I also registered my username, stttt
Does it allow for amazon gift cards

Bitcoin is already 1,000,000 dollars for each coin in Zimbabwean dollars.    Are you sure you want to make that exchange right now because thats alot of paper to try and exchange for goods, pretty much useless.   Where as bitcoin can be sent anywhere in the world in a certain small amount.  Problem with saying a price is even USA dollars arent linked to any certain value.

If we were talking wishes here, the genie would be laughing at that one.   I will say I would sell all my bitcoins if each coin was worth a (working) 1964 Ferrari GTO because then I know what Im getting.
1 ounce of gold used to be 20 dollars remember, Irving Kahn a wall street trader who traded up until his death in 2015 was also a holder of 20 dollar gold notes.  So its literally in living memory that 20 dollars was a large amount of money and now it wont cover mcdonalds meal for a family



http://www.telegraph.co.uk/finance/personalfinance/investing/11437697/Irving-Kahn-the-worlds-oldest-investor-dies-at-109.html

Main problem with bitcoin spending now is spending within its own economy, person to person transfers for goods is the most valuable trade to raise bitcoin worth over time.   Value flows into bitcoin that way.  I think thats because of monetary velocity, most often I find my bitcoins are being converted back to fiat to pay the bills for whatever goods I buy.  I might do that myself manually, only occasionally I might buy small software products in bitcoin but Im not sure if that company uses the bitcoin or just also puts it back into fiat currency.

I never just store bitcoins forever, I know people think thats going to do something but use of bitcoin has to be real.  It can stagnant to zero if everyone just held.  Im not rich so I dont have hundreds kept back, I keep it for a while to save up then its used and I imagine most of the world is like that.  

Gold is perfectly scalable same as bitcoin.   We are all young people here relatively or we'd remember this to be true from previous use of gold in economies.  Certainly it can be true now and it was in the past that only a small amount of gold is needed to circulate value in a currency.

Modern versions of small use of gold would be done digitally, not just as in a cryptographic form like this but also through use of gold backed credit cards.   A gold card doesnt have to be figurative, literally you can link your balance used for food or clothes shopping to a gold settled currency account.   Every month they would deduct your monthly shop from your gold holdings, as its credit based you are literally holding nothing in your worth but gold.  

Old version of gold use would be with coins with a low gold content.  The modern gold coins are pure 24 carat but this is not practical as gold is soft but its quite possible to combine gold with copper for a much lower worth, its scalable in this way.

Bitcoin only has an advantage for 1 penny transactions.   It seems to be hitting a barrier on allowing tiny stuff like this into the blockchain ?

Bitcoin can replace a national currency, theres one easy way we know this will happen and this is if the majority of a democratic country demand that this becomes true.    We've become so used to central banking policy dictated to us that we forget its only by our allowing it to be so that it is possible.    There is a convergence between a democracy and a capitalist society and I think they both confirm each other, we have lost capitalism in my opinion and it has become a facist type state of government control over all money but we have not yet lost democracy and so one may yet may save the other


People trust banks partly because its part of the tax system.   Fiat money is demanded in taxes not just monthly but weekly and daily, every sales tax on every retail transaction involves government oversight and taxation and it must be paid in the currency of the land of the government.    Banks are part of that regulated system that constantly throws money back to government and so people know these dollars are in demand always.  Obviously we realise that demand is false and not a fair circular system but I think the truth is more obvious when you are not stuck in the middle, most people in cities are surrounded by the constant tax flows in currency, false demand and banking enables those channels.
  Bitcoin is all avant garde and nobody demands you ever have bitcoin really

I hope this argument never catches on, government is not a productive enterprise.   Its main function is to oversee, also I think you've not considered all the debt of public bodies.   If you include the entire nations GDP then you have to include all the debt as well


My main take of an unleashed OPEC production was that it was allowed to cause losses to Daesh profits from stolen oil production.   The current oil price also causes Russia problems, who are subject to sanctions from their invasion of the Ukraine

I have an old yahoo email account for ages and I have used it on yahoo answers ages ago as well. In fact I can access a few different accounts I use.     So let me know when and I'll set up six questions for you, I presume any subject is fine such as sub quantum tunnelling dynamic effect is good for you right