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1081  Bitcoin / Bitcoin Discussion / Re: Most beautiful block explorer ever ? on: July 21, 2015, 02:26:09 PM
Too over the top design. I prefer things to be simple, sharp, effective and clean on it's design. Blockchain.info meets all of this criteria. It's still my default go-to explorer.
1082  Bitcoin / Bitcoin Discussion / Re: Is wealth boring? on: July 21, 2015, 02:24:08 PM
I mean, if you have a lot of capital, the amount of existential press diminishes, right? So you are fully entitled to sit in a meadow and meditate though the rest of your life. What else would you want to do?

I would open a spiritual newage healing clinic if I wanted to do something more.

No, it's not boring. What's boring is working a 9-5 that pays shit like most of us. If you have free time due unlimited wealth and dont know what to do what's boring is the person, not the rest of the world.
1083  Economy / Speculation / Re: Is it a double top? on: July 19, 2015, 05:55:21 PM
It looks like a double top, until it doesn't. It may go down, then you'll wait.. and say oh, this now looks like a triple top.. and so on, until one of those tops doesn't go down, and you miss the next pump and stay out forever as a new ceiling is established. Moral of the story: never sell.
1084  Economy / Speculation / Re: BITCOIN going up or down on: July 19, 2015, 05:53:31 PM
Do this experiment: For a month, look at the bitcoin price ONLY Monday mornings. Write the prices and take conclusions from there. I did this for a while and I felt more sane mentally. Over obsessing at the price is really excruciating. But I gave up and started watching the price daily again.. Sad
1085  Economy / Economics / Re: Video: The Biggest Scam In The History Of Mankind (Documentary) on: July 19, 2015, 05:34:09 PM
Facts from the UN on the world's poor: http://www.un.org/en/globalissues/briefingpapers/food/vitalstats.shtml

98% of the people living on less than $2 a day are from developing countries. Efforts by Citibank and others to serve the "unbanked" my help bring some prosperity to these populations. How can we get access to bitcoin to them?



Well i've heard Citibank wants to create their own coin, "Citicoin", which will most likely be some sort of bastardize Bitcoin fork:

https://www.youtube.com/watch?v=KdIOrMYWBIY

they will scam people all over again, the trend is clear. Only if we make people aware on Bitcoin instead of the fiat 2.0 scams that are into development right now we can save mankind from ultimate enslavement.
1086  Economy / Economics / Re: How to save money. on: July 19, 2015, 05:31:23 PM
Saving money is not to deny yourself everything you don't need. Everyone deserves a "treat" now and again. Spending money is about prioritising. You need to rank purchases/expenditure by their importance. Rent trumps new phone, food trumps new pair of jeans, you get my point.

Nicely said. I know people who denied themselves everything they could and saving every penny. In the last 20 years the inflation ate most of their savings and they still don't have much and are old and grumpy Wink
You're saving more by buying the stuff you need and selling it when you no longer do.
But if you save with the exception of inflation? like keeping your coins into your wallet, your money will the same value ate the same time.

you need to save in a defaltionary assets not infaltionary(fiat garbabe are inflazionary and always will be), because seeing how the nature of saving is to not spend it immediately but for future retirement or whatever, you need that your money don't lose value

and here bitcoin come into play(i'm not aware of any other deflationary asset with the same potential), saving in bitcoin, will make your saving more valuable in the future instead of devaluating it

You are right even tho Bitcoin will remain inflationary until 140, but after 2016 the inflation rate will be so ridiculous that it will be technically deflationary after that specially when demand starts increasing by scared doubters/idiots that aren't into Bitcoin yet and decide to jump in later on when everyone does so (causing a panic buy).
1087  Bitcoin / Bitcoin Discussion / Re: Mainstream Adoption on: July 19, 2015, 05:29:14 PM
The biggest issue I see with the mainstream adoption of bitcoin is the lengthy time it takes for confirmations.  Credit and debit cards will always be much faster than bitcoin.

at some point in the future the core devs can decide to include faster confirmation times to stimulate mainstream adoption. i only think it will take several years, if ever.


Simulate mainstream adoption? What are you talking about? Bitcoin is a valid alternative to send large quantitative of 'value' from point-A to point-B, without trust a third party service (like WU, moneygram, VISA, etc...). Think to use bitcoin for buy a caffe ( and multiply this action * 3-4 bln of people) is really insane (but maybe possible, who knows).



It's insane now, but it will not be insane in the future. Bitcoin will scale up so small payments (like that coffee) can be process all over the world. It WILL scale up trust me. Just like nobody believed the internet would scale up at the beginning, Bitcoin will prove everyone that doesnt think so wrong.
1088  Bitcoin / Bitcoin Discussion / Re: Digital dollar? on: July 19, 2015, 05:27:21 PM

At dinner tonight someone told me they had heard that currency in the U.S. would be digital by October. Then I read this article:

http://moneywise411.com/government-attempts-to-ban-cash-whats-most-disturbing-is-why-theyre-doing-it/?ppc=378527

Anyone else heard about this?

It will eventually happen. There's an agenda to get rid of all physical cash, which means they will release some sort of closed source crypto currency that's the equivalent of digital fiat... a total scam. I hope that makes Bitcoin even more used.
1089  Bitcoin / Bitcoin Discussion / Re: New penny-flood attack on network (very weak attempt) on: July 19, 2015, 05:02:16 PM
As far as I know spam attacks have been happening forever. Some people became aware of them only after the mega planned attack that got in the headliness, but other than that, i've been having the occasional dust incoming transaction since years ago.
1090  Bitcoin / Bitcoin Discussion / Re: Teenagers and bitcoin on: July 19, 2015, 05:00:59 PM
It would be great to be a kid again and in 2025 where Bitcoin will be everywhere and you'll be able to buy anything you want. I would probably buy videogames and clothes to look good for the girls which is all you care about during that period of time.
1091  Economy / Speculation / Re: BTC-E crash to $150! on: July 18, 2015, 02:11:09 PM
"price crashes!"
Who fucking cares. Hold BTC and we'll be rich in 10 years, anything else and you are being delusional.

https://www.youtube.com/watch?v=_0mykANOMGQ

If you keep looking at a price with a tiny market that's heavily manipulated by whales instead of getting yourself informed and up to date with the technology you'll never make it. You will panic sell before things get mainstream and you'll have a lot of regret. Watch the video and stop caring about the price.
Do that and hold or panic sell already, your life your choice.
1092  Economy / Economics / Re: Can bitcoin really save Greece? on: July 18, 2015, 02:06:09 PM
Greece is no different then the average african counties. Not only Greece, but most of south europe. North Europe kept Greece in the EU, but give it 2 years then another South European crisis will start.

Luckily North Europe don't have unlimited funds, eventually a country is force to step out and the euro will be for countries who think alike.

England don't really have a choice. The US abandoned them already, an alliance which governs europe will come and in my believe, it will be with 10 countries of the most. The rest can have the euro but with minor influence.

I don't see North Europe's power diminishing any time soon. They got some of the bets industries in the world and some pits of oil heaven like Norway pumping out constant wealth.
1093  Economy / Economics / Re: eBay official splits from Paypal on: July 18, 2015, 02:01:59 PM
I am not certain of it. Ebay needs to find new ways to make profit. Accepting virtual currencies like Bitcoin could be an option. I am pretty sure, Ebay already took this option seriously into consideration internally.

Wouldn't it be great if e-bay adds bitcoins as a method of payment ?  Roll Eyes

it would be great for sure. but don't think they will any time soon, if ever. they will only do it if the demand is there. i'm sure when amazon will accept bitcoin, ebay will surely follow.

Just imagine how damn easy it would be as a seller to put your address on there to receive payments, and then as a buyer to pay by copypasting their address or scanning a QR code... ebay needs to invest 0 in infrastructures or anything, they can get it working for free. As a business you are simply stupid to not accept BTC at this point.
1094  Economy / Speculation / Re: How many bitcoins do I need to retire in 20 years? on: July 18, 2015, 01:59:13 PM
The best way and without any thinking is to just mine as many as you can you never know how many you'll be needing

You'd need a big ass pile of cash to start mining in a meaningful manner now. Those days are a pretty much gone for the little people.

The only realistic way to make Bitcoin that involves mining is mining the right altcoin and selling at the right time. Namely, mining altcoin number "8393589" while its cheap and easy. Wait for the pump. Sell right at the top. Profit.
If you did this with some coins such as Darkcoin, Nautiluscoin, Doge, Monero... and tons other, you could have made tons and tons of money.
So what you're saying is, if you guessed the lottery numbers correctly week after week, you could've made tons and tons of money.

I agree.

Of course is a lottery, but you have better odds than in regular lotery where it's raw luck. In the altcoin pump and dump business, you can take somewhat informed guesses on what is a good coin and what chances does it have to eventually get a decent pump. For example, right now Maidsafe is extremely undervalued. Buy tons over 10k and wait for a while until a big pump happens. Maidsafe is a legit and huge project that will go really far.
1095  Bitcoin / Bitcoin Discussion / Re: Downsides of Bitcoin? on: July 18, 2015, 01:56:21 PM
Some of the concerns in this thread are legitimate but all of them are being addressed. Satoshi invented the protocol, he never intended to make it for geeks only, that's stupid. In the early days they focused on making it robust and working correctly, making it user friendly is a intermediate-final step. Of course Satoshi wanted to see Bitcoin all over the world, why wouldn't you want your creation to take over all over the place and defeat the current transaction methods?
1096  Bitcoin / Bitcoin Discussion / Re: Methods of growing your Bitcoin? on: July 18, 2015, 01:52:57 PM
Yeah and gambling website owner are nothing to do with the game fixing. I mostly bets in basketball game as it have many options for what type of gamble do you want plus im a basketball enthusiast that's why I can make a fearless forecast about the upcoming match so I know where I can place my bet.
I think there is no sport that involved to gambling site really free from fixing match. There are many chance for some 'elite' to do that behind the amazing match we are watching, no matter what kind of sport is.
Its absolutely right many things happening behind the doors in sports just because of this its not a good way to grow your bitcoins many big and elite teams can give big shock to punters

Well , you can say exactly the same about trading too. The price is heavily manipulated by the elite whales, we are just peasants trying to profit from the waves those whales create. We can't do much about it. We have to go with the flow and try to profit along the way.
1097  Bitcoin / Bitcoin Discussion / Re: Citicoin on: July 18, 2015, 01:50:57 PM
I honestly don't need to open the article or read anything to tell you exactly what this is, it is a coin controlled by a bank and will act no different than a bank account. They can freeze funds and control the future of the coin all by themselves and has nothing to do with crypto or bitcoin.

Edit: I went back and watched this and what I found was not what I expected, an educated person who understands citi banks plan. Hopefully bank issues coins like credit card brands isn't the future when an already better alternative exist.


Same. Im laughing at all those jackasses trying to create their own BTC instead of embracing the real one. There's no better way to end up like Kodack, Compuserve and all those idiots that opposed to real disruptive technology than not using BTC and creating your own shitcoin.
1098  Economy / Speculation / Re: Who didn't see this coming? on: July 17, 2015, 01:45:28 PM
$220-240 is the price range that the whales (or one particular whale) want to keep it at.

Should the exchange price really be used to determine the non-exchange price? Does localbitcoins ever affect the exchange price? This maker-taker system is rubbish.

Saw comming what? Price is still above that range and has been for a while. 277 right now.
I think the price is determined by the exchanges that have the most volume. Localbitcoin has no impact on the price, the sellers there get their prices from exchanges too.
1099  Economy / Speculation / Re: Antibubble? Less expected scenarios for 2016 halving on: July 17, 2015, 01:42:34 PM
It is sometimes beneficial to look at the other side view for a moment.

Practically the entire bitcoin community suggests that we will have a glorious bubble on or around 2016 halving.
However, fully expected events in any market almost never come to fruition.
So, what unexpected scenario(s) could unfold?

a. An antibubble (hard down) caused by some unforeseen circumstances?
b. Mining demise, hence a decreased network ability to process transactions resulting in bitcoin "crisis"?
c. Developers focus on other crypto, hence bitcoin becoming "boring" and fizzling away?

Yet, I cannot foresee any of these possibilities actually happening, so maybe instead of anti-bubble we would just have a boring flat market all the way?

I think it's the opposite: It's now in the collective mind that we will have a pump for the 2016 halving. This psychological factor is one of the main reasons big pumps happen. It happened with the Greece incident too. Now every time we have Greece type scenarios BTC will pretty much pump guaranteed.
1100  Economy / Economics / Re: Bitcoin Killer App bridging between crypto and existing financial infrastructure on: July 17, 2015, 01:37:55 PM
This sounds cool for the clueless people about the bitcoin system and the blockchain that want a quick access to BTC, but for me I would like to see merchants accepting BTC directly and paying with a phone, that is the ultimate step, this is a good intermediate.
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