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1101  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: November 04, 2015, 10:23:39 AM
http://astrohacker.com/ahc/bitcoin-is-the-economic-singularity/

After reading this, the scale of black market and digital economies and the effect Bitcoin will have on them I am pretty certain we are going to be very wealthy men -- even with a sum as small as 10 Bitcoins. It's just so hard to believe. We are only in the beginning storms with these significant rallies from 10 to 20 dollars. I will not be surprised to see prices from hundreds to thousands in the coming months.

The world just isn't going to be the same and we have been blessed as the pioneers.

What are you going to do with your Bitcoin wealth once your coins hit upwards of $10,000 a pop?

I must think about this if and when this level will be reached. But for sure I will spend some of m bitcoins for the fee of the universities for my two daughters. If the price will be reached before their going there. hen i will wait that the price go more to spend others. Have no other rush things to do for the moment. Maybe I will change some others just for diversification of my money but not sure about this. Anyhow, as i told in the beginning, everything will be decided in the right, desired and needed moment. When the price will arrive that fantastic figure.
1102  Economy / Economics / Re: POP QUIZ: Do you believe that BTC is the world's future money system? on: November 04, 2015, 10:10:50 AM
Personally i say yes. It has gone up so mich. People are making incredible sums of money through it. it is wonderful watching BTC take hold of the financial world. What are your opinions?  Smiley Smiley Smiley

You must define what does it mean that "bitcoin will be the world's future money system". If you, with this wish or definition, mean the disappear of all the other currencies and the substitution of all those with bitcoin, you are in big wrong according to me. There are not possibilities to be true such things for various reasons. First the number of bitcoin is not enough to cover all the needs of the world for money. Second bitcoin have a fixed number as total amount and this cannot allow to satisfy the needs of every economy in grow to have the needed money for this growth. Second and the most important any country will accept as national currency a currency not owned by it. The most important and developed ones firsts.  Can be even other reasons that I can't remember right now, but are enough the above to tell that your good dream cannot be true.
1103  Economy / Gambling discussion / Re: If you are going to gamble to make money, Please just kill your self . on: November 04, 2015, 09:57:28 AM
You want to gamble ? you feel somthing inside you telling you "You will win" or "lets just try for fun" or "i dont need this money" or you say: "i will play with this amount and the other i'll save it" well, if you hear these words it might be too late for you to stop.... Please do something urgently and stop gambling cause :

Gambling = losing, please stay away , anyways i know oneone will listen cause i used to laugh at threads like this .


if you are going to reply to say this guy just lost his money and he is angry ... Please just dont my friend.



Really?  I am guessing you lost a lot of money at one point and now think gambling is beyond evil.  It is not gambling fault you can't play with in your own limits and don't have self control.  Look within, not blame others. 

He think right and you have wrong. Gambling is more than evil. Because gambling create addiction. To many begin the gambling for fun and with few money. Just for having and feel the fun of the game. But then the evil which is behind gambling make them to lost the mind and to spend more and more money. Firstly to win and following to recover their money lost. Without understand that are going in a pit which have no bottom. This is caused only by gambling and most of the gamblers prove this situation after gambling a long (or even few) time only for fun. That's the reason that who think that gambling is beyond evil has totally right.Are only very few them who cannot be affected by this situation. But the posts against gambling are for all the others.
1104  Economy / Services / Re: [OPEN] COINUT.COM ★ Signature Campaign ★ Pay per post ★ Weekly ★ on: November 04, 2015, 07:52:05 AM
n2004al, please reduce the font size, it is cluttering the entire thread..

Second, the debate was not about payment from last week, it is about payment from this week, in which we are already halfway.

I thought that even the previous week would be paid with the new rates. For this week I don't want to discuss. You have right in writing what you have wrote but I don't want to discuss.

I am accepted in this campaign immediately after a big "war" and after injustices makes in another. So I can accept this their (told by you in your post) injustice as a gratitude for their behavior in confront of me.

I can tell that for sure you have right in your above post. But me, for the above reason, feel obliged to be satisfied to be paid even with the new rates for the days of this week.
1105  Economy / Services / Re: [OPEN] COINUT.COM ★ Signature Campaign ★ Pay per post ★ Weekly ★ on: November 04, 2015, 07:33:00 AM
Hurray !!!

I am paid with the promised (old) rate not with the new.

Thanks. To much thanks. Good to see that you maintain the word given.

Now I will be happy to stay here again.
1106  Economy / Services / Re: [OPEN] COINUT.COM ★ Signature Campaign ★ Pay per post ★ Weekly ★ on: November 04, 2015, 07:27:21 AM
Just woke up in the UK to find this....

Hi guys, due to the recent price changes, we just changed our rate. Last weeks' payment will be done soon.

Hi guys, due to the recent price changes, we just changed our rate. Last weeks' payment will be done soon.

I am afraid that we can only pay you the new rate for this week.


As others have said it is completely unacceptable to change the rate for the current Campaign period. Also do not understand why you cannot afford to Pay? Surely you have bought BTC ahead to cover costs and the Coinuit Exchange that is paying for this Campaign is denominated in BTC, so the Dollar exchange rate is irrelevant.


This will also be my last post carrying the Coinuit Signature.

Post Count at the beginning of this period 559
Post Count Now 579

I think you would be wise to make payments at the Rates in Play at the start of this period, otherwise I can see you picking up a lot of Negative Trust and people will be calling in the Escrow for the balance of payment.

Thanks


Rich


No one want these things but no one of us cannot do nothing. They can do everything they want and then tell us: you are free to do what you want. Stay or go. We are in command. We make the rules.

This news make me to lose my control and to make the above posts. To forget where the money go and to have the impression that I am not paid. To many times are not we who decide about our choices. To many times we cannot choose the things to do.

I am in doubt to go ahead with this campaign or to go. Only because of this kind of behaviour. Not because they decreased the rates but because paid us with the new rates for the work which must be paid with the promised rates.

But this is our world. Who find the right to find it us?
1107  Economy / Services / Re: [OPEN] COINUT.COM ★ Signature Campaign ★ Pay per post ★ Weekly ★ on: November 04, 2015, 07:15:43 AM

My bitcoin address is not in your link:

1BRa5u1cYhghfBfXMydQ6Z77ELY5HKKb5o

So I am not paid.

You may have multiple addresses. If you are in the spreadsheet, you are paid.

I counted the active members in the excel sheet of Izanagi. Are 40. While are only 39 the bitcoin addresses in your transaction.

I have not multiple addresses.

I have only one address given

I am not paid


I AM NOT A LIAR


SORRY.

FOUND MY COINUT ADDRESS IN THE TRANSACTION LINK.
ANYONE CAN HAVE HIM'S BAD DAYS.
1108  Economy / Services / Re: [OPEN] COINUT.COM ★ Signature Campaign ★ Pay per post ★ Weekly ★ on: November 04, 2015, 07:07:00 AM

My bitcoin address is not in your link:

1BRa5u1cYhghfBfXMydQ6Z77ELY5HKKb5o

So I am not paid.

You may have multiple addresses. If you are in the spreadsheet, you are paid.

I counted the active members in the excel sheet of Izanagi. Are 40. While are only 39 the bitcoin addresses in your transaction.

I have not multiple addresses.

I have only one address given

I am not paid


I AM NOT A LIAR


1109  Economy / Services / Re: [OPEN] COINUT.COM ★ Signature Campaign ★ Pay per post ★ Weekly ★ on: November 04, 2015, 07:01:10 AM

My bitcoin address is not in your link:

1BRa5u1cYhghfBfXMydQ6Z77ELY5HKKb5o

So I am not paid.
1110  Economy / Speculation / Re: Its that time again. on: November 03, 2015, 06:23:47 PM
I think there will be a huge pump and then it will settle at 400 and not go down this time. What in gods name has caused this? This is awesomeness really.

It will be better if will go even more high. To stay here it is is good but to go higher it will be the best. Who caused this? Who knows. For sure the higher demand. Maybe there is born another Silk Road which offer gold with good price. Or drugs in sale. If are those the reason it will be better if the price to go where it was. There will be again the fight of those and it will be another big down.

Anyhow, leaving away the jokes, I think that everything become from the Chinese market. There is a big demand here. I read in other threads that the price in Chinese exchanges is higher (not few) than in every other exchange. That mean big demand here and inability to the Chinese miners to satisfy this demand. To not forget that China has the big number of miners and some of the most biggers pools of mining. There are big hopes and strong signs that this trend can continue.
1111  Economy / Speculation / Re: What is happening to BTC price? on: November 03, 2015, 05:32:29 PM
Is there a way to understand why the value is skyrocketing?

Telling skyrocketing when the price is only 400 us dollar mean have no dreams about bitcoin. We have much more hopings. At least me. This price is ridiculous one for me. When the price will go higher than 5k only in that situation we can tell that it was only the beginning of the skyrocketing. The true skyrocketing can be over 10k us dollar. Those are the figures of the true bitcoin. The bitcoin which is wanted from many of us.
1112  Economy / Speculation / Re: Bitcoin is Illegal in Taiwan (China) on: November 03, 2015, 05:26:22 PM

It is a stupid thing, argued with stupid reason (or better without any reason) and it is an emotional decision. Maybe they think that with this act will stop bitcoin there and will stop the future events like this which caused this ban. Are only illusions. Who want to make bad find thousand ways to realize that. Bitcoin was one way and which paid was it. Have any meaning. I think that in the future they will rethink this decision. Being an province of China and seeing the situation of bitcoin there, cannot be otherwise.
1113  Economy / Economics / Re: Milion of BTC lost and Milion BTC in hand of few people. A danger? on: November 03, 2015, 04:54:35 PM
I was wondering if this two factors:

- Milion of BTC lost by banks (like MT GOX) or by distracted people
- Milion of BTC in hand of few people (like Satoshi) than now have in their hand more than 200 milion of $

Can damage the BTC economy? Shouldn't this 2 factors increase the BTC value more and more?

The bitcoins of Mt Gox are not lost. Are stolen and are in circulation or it can be in circulation in every moment. The same with the bitcoins of Satoshi. But if even these amount mentioned by you are lost and cannot enter in the market why must affect the actual situation of bitcoin or its market. The actual situation or the price of bitcoin in the market is exact how must be without having those amounts. This equilibrium is arrived without those. So why the lack of the above amounts must affect in some way something or everything connected with bitcoin.  The price can be changed if those amounts enter in the market. But without those the situation is exact like it can (must) be without those.
1114  Economy / Economics / Re: What is the ideal inflation rate in an inflationary PoW currency? on: November 03, 2015, 04:21:21 PM
I have started up some discussion on the possibility of moving an experimental Cryptonote to an inflationary tail emission model.  This idea stems from trying to stick to the "0, 1, or infinity principle" (https://en.wikipedia.org/wiki/Zero_one_infinity_rule).
  
It would seem that we already have a 'zero' tail-emission coin: Bitcoin.  We also already have a '1' tail-emission coin: Monero.  (has a perpetual tail emission so that there will always be Monero to mine after the initial distribution, but since it's a fixed block reward that will decrease percentage-wise over time).  I have suggested we consider making Aeon the first coin to embody the 'infinity' principle by instituting inflationary tail emission.  
  

 
My core question to the economics section is this:  If there were blockchain designed to focus on spendability and consumer friendliness, it might make sense to create a perpetual inflationary emission after the initial distribution had ended.  What is the ideal inflation rate for a currency?  
  
The online research I have done has suggested that most economists agree it is likely somewhere between 0.7% and 2.4%.  I know we have some very bright minds here, so I want to know: what is your opinion on this? (if possible, please back this up with references)



I think that cannot be an exact and unique amount. Every country has its economic characteristics and economic development plans. The various specifics and factors of the above concepts can determine the need for different amounts of inflation. Then it is important and needed to know even the way used to determine the inflation. Are country who use the targeting inflation - which mean an fixed amount to be achieved. For example 4% within a year. Are other countries which use not the targeting but a valuation and maintaining of it within two values. For example between 2% and 4%.  So no possibility to find the best rate of inflation if are different ways to measure it. I can tell that in my country for at least the last 15 years the target of inflation was between 2% and 4%. Anyhow you can have full information about it (even more than needed according to me) here: https://en.wikipedia.org/wiki/Inflation
1115  Economy / Trading Discussion / Re: What's that HUGE gap between huobi and btc-e price? on: November 03, 2015, 04:02:25 PM
At the time of posting this, on huobi a btc is equal to 370$. On btc-e only 324$. This is a 14% gap!...
It's a huge opportunity to do arbitrage. What are traders waiting for?
https://bitcoinwisdom.com/markets/btce/btcusd

First you cannot know what are to do the traders.  Wink Maybe they are doing exactly what you think that they are not to do. But it is another problem to be faced. Allow the fees that must be paid in both the exchanges to have some decent profit? Then it will be possible the instant send of bitcoins or money from one exchange to another. I'm not a trader and I have not big amounts to try these things. So have no knowledge about the answer of my questions. But if it will be possible to have profit I am sure that the professionist traders are already working and having profit.
1116  Economy / Economics / Re: What's The Best Currency To Invest In? on: November 03, 2015, 03:56:37 PM
Hey guys, I've been watching bitcoin, along with other currencies rise and fall. This has gotten me thinking. What non-bitcoin currency would you prefer to invest in, profitwise?

USD is already quite strong, and people claim that USD is going to bust. Isn't it like investing in a bank? USD just stays the same.

With the recent drop in China's economy, would it be safe to invest in Chinese Yuan? Do you guys think it'll go up?

What about Australian Dollars? It's pretty cheap now, because China's economy dropped. Australia's mining sector is pretty big.

What are your thoughts?

I have the same amount in us dollar and bitcoin (approx). Yuan is very immature for me to have reserve on it. I think that us dollar will remain an important currency in the world monetary scene even for to many years to come. My savings in us dollar rewarded me this year giving about 25% more money in my local currency so I have no reason to change or to not believe again on it. As for bitcoin it is another thing. Bitcoin is my love and I want to have as more as can. I cannot buy it because the fee are to high and have no free money for the moment but I will try any kind of way I will find to increase the number of those.
1117  Economy / Economics / Re: Why is China so much more expensive? on: November 03, 2015, 03:46:47 PM
Yesterday China was trading for 2080ish ($330 or €300) while European and American exchanges traded for $317 and €287 respectively.

Usually when there are big differences between exchanges, arbitrage will cause them to move towards each other in price. (I'm going to ignore Russia here because Russia has obvious reasons to lag behind).

Now the European and American exchanges haven't really moved much today but China actually went up to 2123 ($336 or €305.5)

Why is China so much more expensive? Are we just slow to respond? Does China have good reasons to be more expensive?

Depending on how hard it is to trade in Chinese accounts it seems like free money, buy Bitcoin in an European or American exchange, move the Bitcoin to a Chinese exchange, sell it for CNY, sell the CNY for dollars/euros, buy Bitcoin for those, rinse and repeat.

This might be harder than it sounds.

The only reasonable answer it will be because there are to much demand. Chineses want to have bitcoin and bitcoin is seeing a good situation there. This demand cannot be satisfied by the supply. The Chinese miners have not enough bitcoin to satisfy the need of the market for those. The others who have bitcoins don't prefer to sell. So the price go higher and is higher even than in the other exchanges. This can happen even maybe the Chinese exchanges are not connected to much with the other important world exchanges. This cannot allow "the game" between various exchangers (buy at the exchange where and when the price is low and sell at the Chinese one where the price is high).  At least this is my explanation.
1118  Economy / Economics / Re: Yuan To Win Reserve-Currency Status on: November 03, 2015, 03:35:16 PM
I think it is a reason of btc price increase,but nobody will tel that loudly.Event has been postponed from October to November

China’s goal to attain endorsement of the yuan as a reserve currency will be achieved this year, according to most economists surveyed by Bloomberg.

If Chinise Yuan will be recognised likea global currency together with dollar,euro,yen,than market will choose currency to trade,and it will be free to choose for countrys in which currency thay thay want to keep his reserve

Big trouble for dollar domination,if USA will put his veto,than we can expect China answer,yet another big trouble

All that is  enough to drive btc price up

http://www.bloomberg.com/news/articles/2015-06-26/china-seen-winning-reserve-currency-endorsement-in-imf-s-review

I don't think that USA will put the veto. USA has chosen the way to collaborate with China and not to fight with it. They have and will have various divergences but the trend is the collaboration. At least in appearance. So I don't see a possible conflict in this direction.

But there exist even another reason who make me to believe the above. USA have actually the supremacy in the monetary world through its currency (us dollar). I don't think that the Chinese yuan (even the China is very aggressive in this direction) will be able to replace the us dollar. At least for to many years to come. Maybe can be verified some decrease or maybe even replacement of us dollar reserves only in few countries (satellite of China which maybe have made this already) which are without big weight in the world monetary scene.

Anyhow my personal think is that every country must have "fear" from China. Seeing its development, its policies of development and the way they arrived and managed this development in the last 30-40 years can be told for sure that for China everything is possible.
1119  Economy / Economics / Re: Bitcoin yearly gains now + 4.28% on: November 03, 2015, 03:17:41 PM
The price of Bitcoin one year ago was $325.59, the mean has been broken on the positive say. The numbers are green and the uptrend is therefore solidified. Cool page to keep track of this very remarkable stat on the Bitcoin price:

http://oneyearbitcoin.info/

I still remember all the naysayers saying "Bitcoin will never recover". Well guess what, this is the ultimate proof that Bitcoin can recover from the worst nightmares.


This is a good news but (having sorry) don't mean almost nothing. These data serve only for statistics and the statistics are only figures. These don't give any data that can help to understand the behavior of the price of bitcoin in the future. So at least with the same probability the price can go high or down. More or less. No one can know.

Everyone of us want to see the price at the sky but our desires have the same power as the statistics. No one. Anyhow, let's hope that these signs continue in the days to come and be so for a long time.
1120  Economy / Economics / Re: How many people realise that... on: November 03, 2015, 03:07:20 PM
...if we all hold our coins, we can raise the price to unimaginable heights, effectively fuelling mainstream massive adoption. Bitcoin is good enough, scaling problems will be solved, all we have to do is HODL!!! Who said price/market cap are  not important?! It's MOST IMPORTANT factor of adoption, the higher it gets, the more people are interested joining in and realising what is the Bitcoin revolution. No matter the mandatory price drop afterwards, people are getting in mostly because it's profitable!

Right now we have a good chance to maintain this rise if we act right, and this so far may be 4th bubble. If you ask me - it's hugely overdue.

It is difficult to realize that. Then if everyone don't sell where will be found the bitcoin wanted by the new users or by them who want to buy. I'm not sure about this but 90% of bitcoin in circulation are used in the Dark Web. Those kind of users need bitcoin continuously to have the everyday "feed" from this market. This can tempted to many to sell their bitcoins. But even this cannot happen the lack of bitcoin in the market can rise the price but even take away from this market most of the buyers. No one will want to buy and the market will no longer exist practically. Maybe can be even the replacement of it with another existent cryptocurrency.

At the end a dead market probably will decrease again the price to exist or to be back live. So we will be in the same point. If bitcoin would not be replaced and if it will be not a panic which can decrease the price even under the actual price.

I think that every speculation (like the proposed by OP) have not good reactions from the market. Except when is make by only one person which have in his hand everything and had made right calculations about its behavior in the given market.
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