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1061  Bitcoin / Bitcoin Discussion / Re: Best wallet for cold storage on: July 23, 2015, 10:58:15 AM
Best hardware wallet should be Trezor, you can find it here: https://www.bitcointrezor.com/
Paper wallets are not as safe as you think, just do a small research and you will know Smiley

How aren't they as safe as you think? They are as safe as it gets IMO. Paper will never deteriorate if you cover it with plastic, and even if the wallet is found a password still needed, so I dont see the problem.
1062  Bitcoin / Bitcoin Discussion / Re: Bitcoin is Beyond an Investment, its Financial Freedom on: July 23, 2015, 10:57:15 AM
there isn't something like "we can" , we can't do nothing people around the world aren't a big group that can drive a thing in one direction or another, the demand will decide in the end if this thing, bitcoin is worth to be considered for the future or not, you can only hope and pray

but bears in mind that price of bitcoin is important, this determines how bitcoin is doing good or bad, it's the reflection of the success of bitcoin

Celebrities move a lot of people. If we were famous and had millions of tweeter followers, it would take a couple of days to make something go viral. Other than that yeah, we can't do nothing so we'll have to wait for it to naturally spread.
1063  Other / Politics & Society / Re: Secure messengers: are there any? on: July 22, 2015, 02:53:43 PM
I remember a while ago reading about some sort of decentralized skype called Tox. Not sure if the project is still being developed or not.

https://en.wikipedia.org/wiki/Tox_%28software%29
1064  Economy / Speculation / Re: Direction is NNE - MOON TIME on: July 22, 2015, 02:49:55 PM
2016 at end of first quarter  3860

2016 end of fourth quarter 6750

Followed by a few years of stable pricing above 1200 but under 3500


There's no way to know the ATHs, it's a fun guesstimate game tho. I would assume we've hit 10K by 2025, it would be a logic price if everything falls into place (tech development, demand, halving)
1065  Economy / Speculation / Re: Bitcoin hit $280 on: July 22, 2015, 02:38:21 PM
When are we going to hit $300
We are going to be hitting 300 before the summer ends, I think its a pretty safe thing to predict. We've hit 300 already in 2 occasions, there's no 2 without 3, and the third time it may be too late to keep waiting for lower prices.
1066  Economy / Speculation / Re: Good time to buy? on: July 22, 2015, 02:35:43 PM
I think it is a good time to invest now some money in bitcoin, i believe that the price will go up again up to 300$

and I think, that if you are considering buying bitcoin as investment, totally doesn't matter if you will buy some of them now or at 300$:)

sorry for being bullish here, but based on my experience and volatility, it is really cool to buy bitcoin anytime..



For any long term investor 100, 200 or 300 or 500.. it's all the same. If you are going to hold 10 years as you should, then who cares. Any day outside the BTC train = big risk to miss moon tickets.
1067  Economy / Economics / Re: Ridiculous Banking Fee's on: July 22, 2015, 02:34:22 PM
And you haven't taken into consideration the hidden fees. What I hate about banks is that they will hide behind their Terms and Conditions and I bet most individuals, an average daily user like myself didn't even notice that the fees existed. And you haven't consider the fact that there are millions of users using their services each day and the small amount will really pile up.

If it was a small amount, I wouldn't be complaining, but on a transaction of 100 euro, 32 euro's fee's, what the fuck!? Mafia.....

It's ridiculous and a scam. It's clear now that the banksters have been charging over exaggerated fees with the excuse of "running a bank is expensive, we need to charge customers to keep things working". Well, guess what, now we have BTC, no more excuses left for them. It's game over.
1068  Economy / Economics / Re: Is bitcoin dead? on: July 22, 2015, 02:32:30 PM
Every investment good works in cycles. We are now close to one long negative cycle. Of course that the interest has vained a bit when prices are going down for a long time.

Just look at the VC fundings. They are breaking all the records this year. Do you think that business people would invest money in Bitcoin if Bitcoin was dying!

People (and by people i mean the clueless herd) can't focus their attention beyond the price of an asset to derive if its or not valuable. Meanwhile intelligent people keep buying cheap BTC and whales keep dropping money on VC fundings.
1069  Economy / Economics / Re: Bitcoin , IRS , Tax evasion ? on: July 22, 2015, 02:31:29 PM
I don't think tax evasion is possible in any developed country.
What are you going to do say when the bank sees you keep receiving money out of nowhere?
The only way would be to never leave the Bitcoin ecosystem, simple as that. Get paid in BTC, buy in BTC.
If you need fiat, i guess the best way is still Localbitcoins IRL transaction.
1070  Other / Off-topic / Re: Complete the sentence... "I would sell all my Bitcoins if..." on: July 22, 2015, 02:29:25 PM
I would sell all my Bitcoins if I had an accident that left me with severe brain damage that it would make me believe selling all of my Bitcoin is a reasonable thing to do.
1071  Economy / Service Discussion / Re: Chaturbate drops Bicoin: At this time we do not have plans to add bitcoin again on: July 22, 2015, 02:28:37 PM
they can add it again in 3 months and get publicity  Roll Eyes ...

BTC is a niche. what do they think? that 20% of all customers pay in BTC ? you have to look at the bigger picture when you run such a company  Roll Eyes

It's a niche now, will not in the future. Anyone using BTC now will be seen a pioneer, anyone not using BTC in the future will be seen an idiot. Also, you don't need to invest anything to accept BTC payments, it's simply stupid not to do so.
1072  Bitcoin / Bitcoin Discussion / Re: lol: blockchain - yes; bitcoin - no on: July 22, 2015, 02:27:07 PM
This is the third story today by someone who asserts their brilliance by saying: "we are interested in blockchain; bitcoin not so much".  It is meant to show you are a bigshot if you can put forth another version of this over-used line.  
Here is one: http://www.cityam.com/220231/why-i-chose-float-fintech-business-london

Here is another: c-touts-blockchain-tech-for-trade-finance/

It reminds me of the time an English man was explaining to his son on an airplane that: 'it is the wings that makes the airplane fly'.  I immediately thought - it's the fucking engine that makes it fly - and the rudder too, and the cockpit too, and the pilot too.  Even the landing gear - although I'd have to argue the landing gear makes it fly again.

There isn't such thing as Bitcoin or blockchain.  Bitcoin includes a blockchain and a bunch of other stuff. Go ahead, try to make your blockchain without some bitcoin behind it.  Let's see where that will get you.  

People need to quit showing how smart they are by expressing their keen interest in the 'blockchain' while at the same time saying 'bitcoin' isn't so interesting.  All this really does is show you don't understand cryptocurrency.  There is not blockchain without bitcoin.  

The Blockchain is beautiful technology.  The Bitcoin network is the greatest example of this beautiful technology in action.  However not all applications of the Blockchain will be in the public sphere, for example Western Union might create a Blockchain where their 'Public' ledger is located within their country HQ nodes.  Banks might create a Blockchain for storing customers accounts, the nodes are located in each regional headquarters (or even in each bank branch!). 

The point is there really are good applications for the blockchain outside the Bitcoin network.  We should not feel threatened by these, they are not applications as they are not competing with Bitcoin which is a cryptocurrency in the public domain.

Bitcoin is strong not only because of its network but because its technology has not been disproven.  I personally welcome any private companies investing in R&D in the blockchain as it only benefits us all in the end.

BTW your aeroplane analogy doesn't fly with me, the Bitcoin network could be represented by the the airports and flight routes which you didn't mention, the rest is all part of the Blockchain.

There's no need to invest ridiculous amount of money on your own blockchain if you want a different behavior, you just use side-chains once properly implemented so everything stays within the Bitcoin security.
1073  Economy / Speculation / Re: In 10 Years: 42 Predictions in Cryptography, Blockchains and Consensus Protocols on: July 21, 2015, 02:47:57 PM
Hello,

First of all, I changed the article subject to fit in the thread subject box.

Original article name "The Next 10 Years: 42 Macro Predictions in Cryptography, Blockchains and Consensus Protocols" By "William Mougayar"

http://startupmanagement.org/2015/06/06/the-next-10-years-42-macro-predictions-in-cryptography-blockchains-and-consensus-protocols/

Credits for "targetpro @ reddit.com/r/Bitcoin/"

What do you think about the predications ?

I see that they are realistic enough to be achieved.

"Decentralized consensus protocols will become a common part of any technology stack implementations, both in public and private settings."

I think this is key. More and more business with go the decentralized route. Just look at what we saw recently with Ashley Madison, millions and millions on the line because of the stupid idea of having to store people's data due the centralized nature of their technologies. If they used the bitcoin blockchain, all of those people will be safe and the business would be safe from blackmail as well.
Bitcoin is the future,  and we are all on the winning boat. Simple as that.
1074  Economy / Economics / Re: How too get rich on: July 21, 2015, 02:44:56 PM
Buy or develop your own time machine and go back to 2008 and mine BTC on the computer at your mothers house in the basement


I think you can not overnight to become rich, should be done to establish some of their business to become rich . They should also have some luck in life, but needs a lot of work and effort. You should be at the right time in the right place .

Few years ago.

My friend told me that he's going to buy 10 BTC for around $20, I wasn't actually interested in it and I didn't buy anything.
When I see the price now I want to kill yourself I didn't buy any, really. I'm dumb.


As someone else pointed out earlier, buy some BTC now. You are taking the same risk as your friend did back then. Either it will go up or down, but if you believe in it you will kick yourself harder in a one, two, or even five years down the road.

I am sure when BTC first hit $2 there were people saying the same thing; why didn't I buy when it was $0.02 or $0.20, etc. Then when it first hit $20, why didn't I buy at $2?. At $100, why didn't I buy at $20, etc.

So my point is if BTC ever gets mainstream its value will skyrocket. Think about it, only 21 million coins divided up amongst 8 billion people on the planet. That is roughly a 380 people per 1 BTC ratio, so BTC will be very scarce by then. Heck even if one country, say the US at 350 million people to only 21 million BTC, you get the picture.

So if BTC would get to be worth $10,000, $100,000 or even $1,000,000 per BTC, buying at $100 versus $300 becomes almost a moot point. And before thinking such a valuation couldn't happen, consider the GDP of the US in 2013 was approximately 16.77 trillion dollars. I know that is is far from evenly distributed (99% versus the 1%, etc) but for simple math, look at dividing that $16,777,000,000,000 by 21,000,000 coins and they would need to be worth $798,904 each just to sustain one countries economy. BTC is a global currency, so it could be higher. Of course this is the extreme in price prediction and is not very probable, but it does illustrate the potential should BTC get a mainstream foothold.

We already seen one peak at over $1,000 per BTC, and I as many others believe the current price suppression is mainly due to big players buying up the cheap coins (the 0.01%ers). Now is the chance to join them.

there is a logical fallacy here, because the more we go high the more hard is to go even higher, so buying at 1/5(like in your example of hit $100 i buy at 20 ecc..) of the maximum isn't always good if we have already reached a high amount, the chances it will fall are much higher

besides this there is no guarateed that bitcoin will skyrocket that's the problem and this is the reason why i said the above thing

But he is right. Yes, we will not become millionaires overnight just as we could have become millionaires overnight (or in 3 years) if we bought in 2009 for peanuts. But look at the big picture. Bitcoin's marketcap is still TINY. The potential for growth is immense. We'll have to wait 10 to 20 times more than super early adopters, but we are still early adopters.
1075  Economy / Economics / Re: Debit cards with a reasonable limit per year on: July 21, 2015, 02:42:09 PM
As far as I know there is no way to withdraw bitcoins anonymously, there are aways to withdraw bitcoin with certain levels of anonymity. Meeting with a person IRL to do a btc->cash transaction is the most anonymous way, even tho its not 100% anonymous since there are cameras, and the person you are selling/buying from will see you. It's still AFAIK the most anonymous ways.
All online ways are less anonymous than this.
1076  Economy / Economics / Re: Why have Bitcoin instead of cash? on: July 21, 2015, 02:36:52 PM
It can't be physically stolen I guess, maybe that's a good thing. So less thieves in the world. But hackers don't count.

It cant be physically stolen you say?

What about when you transfer to a cold storage like a paper wallet? And they have the paper wallets pin and all the stuff lol.

Thats physical last time i checked.

Paper wallets can be encrypted since BIP38 was released. So they would need to know the passphrase for your paperwallet to do anything with it. You can also add multi signature for multiple paperwallets needed.
1077  Economy / Economics / Re: Ridiculous Banking Fee's on: July 21, 2015, 02:34:44 PM
what bank account do you have? because with deutesche bank i'm paying zero on everything on every transaction and on every withdrawal from any atm

the only fee is associated with conversion rate, when you want to deal with different fiat money, but this is normal

Your confusing this with IBAN transfers, those are free within the EU, international banking transfers sadly, no Sad I understnad conversion rates, but over 30 euro's, really!?


I think you mean SEPA transfers. I think even then you have to pay some fee. Banking infrastructures are huge monsters that need a lot of cash to be maintained. Im sure you are paying one way or another if indirectly throught fees, through somewhere else. Everyone pays the banks if you use a bank.
1078  Other / Politics & Society / Re: Boycott German products on: July 21, 2015, 02:32:27 PM

People will keep consuming german products because they are simply objectively good... a german car is a work of art, compared to the piece of trash scams you can buy in other countries. I don't think people is going to care about some philosophical thoughts before buying a car, they will want a good car for their money. That's sadly how it is.
1079  Bitcoin / Bitcoin Discussion / Re: [Poll] Are you using BitWage to get any of your paycheck paid in bitcoin? on: July 21, 2015, 02:30:53 PM
Whats the benefits of BitWage over having your wage paid in fiat as usually, and then being able to choose where to buy, when and at what rates you buy the Bitcoin? I guess its a lot quicker but you may be losing money by doing so?
1080  Bitcoin / Bitcoin Discussion / Re: Bitcoin is NOT a currency debate! on: July 21, 2015, 02:29:28 PM
Can you use bitcoin a month without looking at the value compared to dollar? A year?

With any real currency you can use it for years without even knowing how the value is compared to dollar. It doesent matter since both consumers and merchants operate in the same currency all the time.

Guess you don't know this thread: https://bitcointalk.org/index.php?topic=1087938

Fiat is only more stable in most cases and since everyone is using the same currency it doesn't matter so much what it's price is compared to other currencies. It's the same with bitcoin. For example the signature campaigns doesn't adjust their rates all day after the price bitcoin has in fiat.

Only because bitcoin isn't used so widely doesn't mean that it is no currency. And surely you doesn't want to hold the "real currency" Zimbabwean Dollar. Tongue

The sig campaigns thus far seem to be behaving decently, even tho make no mistake.. as soon as the price goes above 300+ and stays there they will come up with some excuses to pay less per post. I don't think they will keep the current rates (which are pretty low in most campaigns) even if BTC goes 500+. So yeah.. they are looking at fiat to set their rates.
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