Technology stills evolving, more efficient mining hardware will appears, adding that not only Bitcoin has energy consumption problems, the rest of the world needs now alternative clean forms of energy that i believe are being researched so hard right now...
Besides, current prices are too low, some things would be different if Bitcoin goes to the thousand again...
Efficiency of mining hardware has no effect on energy consumption of the network. It only drives difficulty. This is not true. If more efficient miners are on the network then the average energy consumption per THs on the network will be lower. As the difficulty increases, less efficient miners will take their machine offline as it will be consuming more energy then the bitcoin it produces will pay for. Yes, and at equilibrium, the energy spent by the network has exactly the value of the minted coins. Proof of Work = (literally) Proof of Energy Spent There is no such thing as "efficient" mining hardware. I would disagree with your statement about there being no such thing as "efficient" mining hardware. I would define efficient miners as machines that use less electricity per GHs then the network does as a whole. |
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Persecution and prosecution of journalists in the US over the past few years has gone beyond anything in my lifetime, but Obama's a lame duck. Since they're largely administrative (DoJ, admin lapdog) decisions, it's kind of pointless to talk about it except maybe to bring awareness to it and see what 2016 pres. candidates say.
Not to mention censorship of the NYT. This type of censorship is done at the editor/owner level. It is not done by the hand of the government. |
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Ooops I guess a lot of IT workers are going to be very busy making sure all tracks are covered and that all computers and ledgers are wiped clean. But "I lost the evidence" isn't an excuse in a court of law, it tends to fall on the side of the plaintiff if the defense loses the evidence so we the tax payers are probably going to get screwed by the IRS when they have to pay out yet again for their criminal behavior.
A pundit on tv suggested that the House needs to use their power of the purse to defund the IRS for all expenses other than collecting income taxes and supplying refund checks. I think that sounds like a wonderful idea and a lead into implementing the fair tax to ensure that the IRS never again is allowed to use its omnipotent power to abuse Americans.
BTW True the Vote which was accused of being partisan against democrats and for conservatives has filed a suit against the Mississippi republican Cochran for voter fraud. I guess that blows that IRS claim right out of the water.
Just abolish it altogether. The treasury can process tax payments and refunds. Each tax return should be the size of a post card. After the collapse of the Soviet Union in 1991-1992, they went to a tax system that is one page, flat tax and takes about 5 minutes to fill out. The Austrailian tax form also, takes just a few minutes to fill out. The equivalent US one? Maybe ten hours, and much of that is poring through incomprehensible paragraphs of complex instructions. Result is you never know if you did it right. I was hoping that the 2009 collapse would result in reformation of this problem, but instead they've doubled down. Not just in complexity of the morass of rules, but also in corruption. It could be that corruption is best sheltered in complexity. I know that Australia is taxed at other times other then at income so this statement is not 100% true for their tax burden that is payable in time, but your point is still valid. The US tax code is very complicated and caters to several special interest groups. Romney was going to try to fix this if he was elected president by creating somewhat of a flatter tax rate, and having a much higher standard deduction rate and eliminating most deductions and exemptions Romney had some good ideas. Corruption killed any shot he had at being elected though. Your average American is far more disenfranchised than they realize. I would say it was less corruption and more the fact that Obama "bought" votes with giving people things like free healthcare and extended unemployment benefits, and 2% interest rates on mortgage modifications. |
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$75k is quite cheap compared to the benefits the buyer would reap in the long term.
The buyer would need to invest in infrastructure and create an actual business in order to reap any potential benefits to the domain name. The buyer could do that to maximize returns. However I predict if bitcoin gains significant momentum even income from advertising alone could justify the price. 'Satoshi' will generate a whole lot of search volume of which a big portion will be directed at that domain, if the owner doesn't handle the landing page like a complete noob. It would also be possible to put the domain up for rental. ya.ya.yo! If all you have is advertisements on your website and no actual content then people would have no incentive to return to your page once they see it is just ads. They will also be sure to avoid the website in the future. On the other hand if you were to have an actual business on the domain then people could "stumble" upon the site, essentially free advertising Your statements are not wrong, however consider this: Even if you get 10k (wild guess) accidental one-time visitors monthly just because of searches for the keyword 'Satoshi', the pool of potential future visitors is still extremely large (millions-billions) - so even if none of these visitors returns it won't affect visits on your site negatively for a long time. In addition modern advertising does not have to be blatant. You could also just copy & paste a wikipedia article and add context sensitive ads... Of course that is not something to be proud of, and a proper project would generate more revenue. I just wanted to point out that the domain sale was not overpriced given the (future) quality of the keyword 'Satoshi' and might even be profitable for the lazy guy. ya.ya.yo! It is a fundamental concept of economics that the best customers to a business are the repeat customers. If no one returns to your website then the ad revenue will dwindle. You are correct to say that the pool of potential accidental visitors is still extremely large but even a million hits to a website would not generate $75k in ad revenue. |
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We've been through this before. The chances of a collision, and therefore an attacker generating a private key for your cold storage address, is minimal.
If you have a better idea how to validate security of a newly generated address I'd love to hear it.
But if an attacker makes the possible number of addresses that could be used smaller then the chances are greater. The issue/concern here is that the BTC address created would not be truly random. |
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Executive orders are legitimate. The issue is executive orders that contradict the laws duly passed by Congress and signed by the president himself.
The president is constitutionally required to carry out laws. That's his fucking job. He doesn't get to pick and choose which laws he wants to carry out, or to change them on the fly.
Obama sure is trying to pick and choose the laws he wants to enforce. If any lawsuits are filed, I hope there's one that forces him to do a proper job of securing our borders, for instance. I have read that the speaker is going to sue regarding the immigration laws on behalf of congress. Obama is setting very bad precedent by not enforcing our laws. Not only that but it is making it difficult for congress to trust him to negotiate with him as they don't trust that he will enforce the laws that he agrees to. |
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It seems like I`m so far away.. from getting any btc going on lol.
Faucets suck too.
Yeah, faucets won't get you too far. As far as signature ads, there are accounts being bought/sold in the digital goods subforum. It's sort of frowned upon, but I get the feeling that more than a few newbies have gone that route. I wouldn't suggest newbies to buy a "higher rank" account at all. The account seller could get the accounts back at any time in the future (FYI: https://bitcointalk.org/index.php?topic=497545.0), and also the account could get negative trust and become worthless if the account sale is made public. I wasn't really suggesting anything. Just pointing out that it's done and that it's frowned upon. But it is allowed. It does take a certain level of trust in the account seller since, yes, they can recover the account by signing a transaction from an address linked to the account. But they won't get very far selling accounts that way. It doesn't even take that long to "earn" your way up to member status anyway, and in the time you spend getting your rank up there you can learn a lot by reading these forums. Well, it does take some time. 2 months, I believe, since you can earn 14 activity your first day as a newbie. So, 8 weeks to get to 70 activity (56 is the last level, so still a junior member at that point). I don't disagree though. 2 months isn't that long, and you do learn a lot in the meantime, surely. The rankings are structured this way (IMO) at least partly to allow for people to get to understand how bitcoin works prior to earning a higher rank. |
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anyone smart enough to use Bitcoin, is likely a Christian and would never end up in Jail. first off.
This is not at all true, and is very raciest. Since bitcoin adoption is widespread throughout the world I would assume that the religions of bitcoin users is also diverse. |
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maybe this year, maybe next. maybe never. bitcoin will always surprise -- both directions. i wouldnt be surprised to see it plunge to sub-$50, and go back up over $1000, then onto $10,000. vice versa. you never know. hard to predict this market.  I would expect that bitcoin would reach 10k the next time we have a "bubble" That's possible. But we've also (%-wise) been seeing increasingly less volatile bubbles, so it's certainly possible in my mind that the next one tops out at $4000 or $5000. If we get one. Never know.  Either way it will be very exciting for holders of bitcoin to see the price reach those levels. A price of 4k will likely entice a lot of large early adopters to sell their holdings, making it so the holdings are not as concentrated. If we don't reach 10k in the next bubble, then we certainly would in the 2nd bulbble from now. |
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But in that case couldn't they lose money if the market adjusts the price upwards before they finish buying all the btc they need? If COIN is trading at 20% above spot you can almost guarantee that Bitstamp et al are sure to follow soon.
This would be very likely indeed. But the APs would not need to purchase all of the BTC that they will give to the trustees below the selling price, they only need their average price to be below the price of COIN. I have read that the basket size is 50,000 (I am not sure if this is shares or BTC, but I think BTC) so an AP will need to buy 50k BTC to give to the trusee so they can sell 250k shares on the market. |
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If you will not trying to trade or do business here, there is no necessary of trust growing.
Indeed OP does want to participate in trades in the near future... I'm looking to participate in trust-required trades with other users on this forum sometime in the near future however I'm new and have nothing going for me in terms of reputation at the moment (as we can all see lol).
It kind of sounds like the OP may be trying to get positive trust so they can scam people. Indeed, it isn't necessary to have positive trust in order to complete trades in the marketplace. People use trusted escrows for a reason, and even if you are dealing with known people, it is good to use escrow whenever possible, especially on larger deals. This is 100% true, even with people who you have dealt with before. The only real time that it is a good idea to trade with someone that you know personally and you know they will follow through, or if they are going to "send first" (in this case they would be taking the risk and should be demanding escrow). |
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maybe this year, maybe next. maybe never. bitcoin will always surprise -- both directions. i wouldnt be surprised to see it plunge to sub-$50, and go back up over $1000, then onto $10,000. vice versa. you never know. hard to predict this market. I would expect that bitcoin would reach 10k the next time we have a "bubble" |
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Bitcoinreward is good ( http://www.bitcoinreward.net) - No signup needed, just enter your BTC address. Let's you earn BTC for doing simple tasks like watching videos, completing offers etc. Gives you 1000 Satoshi for just entering your BTC address! You can also earn for sharing on Facebook and there is a 50% referral system on all referrals. This site is basically a fancy faucet and not a good thing to get into. The best way to earn bitcoin is to sell your skills on the marketplace and/or participate in a signature campaign. |
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It starts well and ends terrible...that's usually how martingale works But if it starts well, then why not stop and then do it again. Build the balance in small increments or cash out each time so it adds up? And eventually, you would just lose all your balance with a long losing streak. Hence a good strategy is use martingale and stop while you are ahead. It's a good thing to start when you're ahead - sure, but the profit from each win is so tiny that you'll only be a few satoshis ahead anyways if you stop within a safe time frame. This is correct, the amount you will win needs to be very small compared to your original bankroll that you will need to go through several very bad streaks to potentially be up any meaningful amount. |
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The house always wins.
This is the best advice on this thread. If you have extra BTC and enjoy gambling then go ahead and have fun, but please, please, please do not do so expecting to make any kind of meaningful amount of money, or any amount of money at all. |
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LTC prices have been following BTC prices very closely until recently when BTC shot up but LTC continued to slide down the charts. It's still at number 2, but it seems that many of the older established altcoins (Peercoin, Litecoin, Namecoin, even Dogecoin) aren't doing so well these days.
I have 1 LTC that I bought at ~$11 so it's not a huge loss for me. I would love to see LTC jump back up, but I wouldn't be too surprised if another coin like NXT reached that #2 position within a year.
The reason for this is because there is no real use for the majority of the alt coins (with the exception of namecoin). The reason that bitcoin has value is because it is a secure method to pay for things. The Bitcoin network is very secure and there are actual things you can buy bitcoin with that are not bitcoin related. For the most part the only thing you can buy with altcoins is bitcoin. You can get a domain with namecoin but the cost to get a domain on godaddy or other domain registration service for very little fiat. |
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You forgot to calculate the shipping fees, and you'll have to find that many buyers first.
What you essentially need to do is to know the market well and know what the USB miners are worth. From there you simply need to watch the market closely and buy when you see an offer that is below the market price and sell when someone is offering a price above the market price. |
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It seems like I`m so far away.. from getting any btc going on lol.
Faucets suck too.
Yeah, faucets won't get you too far. As far as signature ads, there are accounts being bought/sold in the digital goods subforum. It's sort of frowned upon, but I get the feeling that more than a few newbies have gone that route. I wouldn't suggest newbies to buy a "higher rank" account at all. The account seller could get the accounts back at any time in the future (FYI: https://bitcointalk.org/index.php?topic=497545.0), and also the account could get negative trust and become worthless if the account sale is made public. I wasn't really suggesting anything. Just pointing out that it's done and that it's frowned upon. But it is allowed. It does take a certain level of trust in the account seller since, yes, they can recover the account by signing a transaction from an address linked to the account. But they won't get very far selling accounts that way. It doesn't even take that long to "earn" your way up to member status anyway, and in the time you spend getting your rank up there you can learn a lot by reading these forums. |
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There's almost 29M usd swaps now on bitfinex, and to me it looks like the upward momentum has stopped. If the price ranges from 640-660 for a while with no upward movement the probability of a long squeeze is going to increase dangerously.
Quite a lot of money they are holding. What stop them from running away or claimed hack like tradefotress did? They make money off of trading fees and earn a portion of the interest on Swaps. Over the long term they stand to make more money off of these fees would outweigh the amount they could get away with if they were to steal the coins from their customers. This is only true when bitcoin is still growing and market is expanding. I would say it is true whenever trading volumes are high. There is no need for the market to expand or the price to increase. Volume is a function of growth and expansion. High fluctuation in price attracts gambler and speculator, which also mean increase volume. They would make more money when volume is growing but they will make money off of the current volumes as well as most of their costs are a factor of their volume. |
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The US press is not quite as bad as it is in some places of the world like China or North Korea, but it will almost always have some kind of bias.
You cannot eliminate bias - that is human. You can try to curtail it by having reporters state facts as facts and not offer conjecture. They should make every news piece an opinion piece by selectively withholding facts. If one side overpowers and basically sidelines the other or multiple other viewpoints it's no longer free. This is true but the media is suppose to only report facts and leave bias out of stories. Another issue is that the bias is almost always to the liberal viewpoint |
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