You should assume the business is not making a profit.  Any margin on the product is used to pay wages, loans and stock.   Cashflow is not that great, any volatility in value costs the business in additional borrowing costs meanwhile.
    Usually a payment service steps in, takes on this rate risk for a percentage cost but since credit cards also have a cost to them then this is a fair comparison.   BTC compares best on global sales?

90% of earths gold is unmined but in a known location.   They simply have to find a way to bring molten magma from the earths core to the surface then refine the gold content and they effectively have an infinite source.


Some people speculate not that gold is rare but by the time they invent a way to gain large amounts in a similar scheme, at the same time we will have found free energy.  Like nuclear fusion or something.    Economies will not collapse from genuine advancement, but the nature of value may evolve like the network economy thesis   

This is pretty much why Ben Bernanke says gold is a historic relic, he thinks he is the replacement for such arcane practise.  He does not recognise his ilk is a problem not an answer and certainly no advancement over the Roman empires economic policies or similar failures since

Amazing, I like the idea though didnt Hunter coin also involve playing a game ?

This one looks more fun, reminds me of  a tv show or the X games.      I do wonder how we just replace all that btc work with just a game, amazing if its truly possible.


If this works then maybe other games, maybe coin launches become a vehicle for game publishing or something that turns the world upside down

    Either country can just choose to default on their bonds and then carry on.    Even a currency failure is not the end for an economy, they could use another countrys

This bad debt will cause anger and possibly restrict their future trading but really to say their economy will crash I think is not right as business will always carry on.   Less debt in either case makes their ongoing situation better but the problem then is can they operate alone or on unstable trading terms

The problem of Argentina is poor production I think ?   Japan lacks workers perhaps but also has to import oil and water but it is most incorrect to question Japans standing as they do own vast amounts of productive capacity home and abroad.     Any upset in Japan is more likely to trigger a failure futher down the line of trade, like an avalanche rather then themselves greatly.    Japan suffers from poor government as does Argentina but they arent close in standing otherwise, Japan especially is better off with a major failure I think it would be ironic

Japan holds a trillion in US treasury bonds ?   This is what I mean about others suffering more, Argentina will just be cut off from the world or similarly the worry would be a military type government but is possible they too would be better off with an entire change.     I'am more worried about Egypt, or hopeful they find something better soon and I think their situation is more critical.


Personally I will invest in Japan while shorting their currency in favour of my own.   Argentina any business opportunities would have to wait till the dust settles, so purely on that basis to answer your question Argentina

I drew a similar conclusion, there is a valid downtrend in bitcoin prices.     Downtrends are normal, there is no rule they'd last until zero.   At some point there is an event and/or large volume and the trend is broken then we move on

Just one indicator is not significant to draw conclusions.   Try weekly bars for greater accuracy, closing prices give strongest direction over time




Thats a win/win bet!  



Please tell me who validates governments.    BTC is a valid alternative to dollars and it will be in future, competition is the threat.   If they can hold dollar markets in the USSR despite that government, I think we presume this is not a real good reason for failure of btc now
http://russiapedia.rt.com/of-russian-origin/fartsovshchik/

Thats a bad exchange not the coin itself.     A simple escrow sale will have btc to cash in under an hour usually


Main thing is silver is more common and you get silver whether you want it or not. Its a by product of mining lead and a few other far more common metals.   Gold I think is fairly rare to turn up in other mines, not specifically seeking it.

Anyway Im objecting to - not easily divisible.  Gold has some extreme qualities to it, I believe they make sheets of it to place on cakes.   They cost less then a dollar each and the stupidly rich actually eat the gold, its wafer thin and does no harm (but no good either)

A recent project I heard is gold notes.  They have plastic see through notes say similar to Australian dollars, but inside you can see a sheet of gold like above but intended to be used for cash

a random google - An ounce of gold can be stretched into a wire 80km (50miles) long or beaten into a sheet covering 9 square metres

It sounds like the greatest threat would be from exchanges, best to have blackcoin listed as many places as possible so its never centralised too much.   Its not like bitcoin is impervious, if a few pool owners colluded they also could gain 51% of a network, to me this seems more probable and requiring less people to implement a raid

If you pressed Ron Paul on if dollars are money, I think he might say no.  Because its base worth is just cotton notes, so its not worth anything really.   Government points a gun at you and asks the same question and of course it is then money and the IRS imprisons anyone who thinks they dont require dollars to remain a free citizen.   Nobody has to buy bitcoin, there is no desperate demand for hash codes that we can trade them forward on that base demand but it does have a use to it anyway as a token product, dollars have a use only because it is backed by force otherwise we could swap cotton tshirts instead of green cotton notes and that would give them a base use

Its pretty much instant in my experience and its fully confirmed in like 5 minutes ?     Maybe someone can make a website to test transaction times for various coins.  
Unless I see anything better I would guess BC for best chance of a rise in 2014 unless we are very surprised by the new asic scrypt and it greatly benefits litecoin and similar and raises their prices like happened last year with bitcoin.  I think that was publicity not asic but perhaps the two were not coincidental and asic is  key to higher prices on coins, I guess we'll see

A good counter was to start the network with 1 coin per block or something much lower then normal rewards.   This allows hash power to build as people get the node list and pools sorted.  Then from block 100 or later onwards, you have the real block rewards whatever that might be.

Most coins do the opposite and try to give early adopters a special advantage but this is usually destructive as they simply sell.  Anyone in the first month is an early adopter really not just the first day so even if it was intentional it should allow all to benefit not just a few or its a coin restricting its audience

Im not sure if blackcoin is guilty of innovation or exploitation but either way they are trying something new and the pow was to distribute coins.   Could a coin be purely POS from the very start, I guess not.  Its market been shaken about quite a bit by price rise and falls, I think alot of the early miners have sold up and distributed coins or at least Ive read there is not a high level of coins in a small number of wallets.

    To pair with instamine is premine which is even more extreme, where 1 person holds all the details of a coin and mines them before telling others.
   This can also be termed as IPO now which tries to legitimise privileged advantage for the greater good of a coin network by suggesting a coin launch has fees which must be paid to write the wallet or whatever.

  PND was one good example where a large amount of coins were intended for development costs but instead were embezzled for the profit of just one person.    Its a good rule in general that coin value develops over time with many people not at once during a launch with just a few, avoid IPO if possible and maybe even coins which launch with full block rewards and an inability to retarget difficulty immediately

Gold is unique, thats the whole point of it I think.   Obviously it is elemental and bitcoin is not quite that, it can be replaced though unlikely right now but there are competitors or clones at least

As a luxury there are many but they are not gold.    

This seems off from the start, btc is not consumed.    Maybe it should be you might argue to make it more transactional.    The Fed would agree, inflation is essential in their eyes to stoke the economy into consumption not storage or retention of wealth.  
      The paradigm for Bitcoin is the network economy, its value is from its distribution, knowledge and use by people and this is mostly what raises or lowers its price and value even. www.en.wikipedia.org/wiki/Network_economy


I would have to disagree.    This is the basis for many alt coins.   Just on a very simple take, I dont want to deal with fractions of a coin when I can simply have 10,000.   Same difference but I think thats why people talk about mBTC and so on.  Tiny decimals are awkward, in the world of geek no doubt my objection is pitiful but Im mostly stressing thats its the average public who determine worth of many things in the end.  Simple things I think matter when you talk about cash.  It is about ease of use largely, that will determine btc value

Theres a credit card for gold that does that.   You hold in bullion and only switch to cash just before payment, but that is for the big spenders I think and also usa tax laws prohibit use of gold without taxes .

They are trying to do the same thing with btc to keep power with fed and their qe I guess.


On alt coins I like blackcoin as its coins are now capped, its almost instant payment and the network upkeep is very low which should allow greater participation/distribution by just about anybody vs the bitcoin experience where most blocks are formed at just 100 locations?    Who knows which coins will do best, as every good idea must be tested by the worst and best elements of society before we can know if its truely useful and durable.  I'd have at least some in that, never all in one thing.

The basic scrypt coins are going to pivot on the new asic scrypt available for them which depends on your view if this is positive or not.   If it lowers costs of the network and improves security from  exploitation then I guess coin value should rise.      Doge is mostly about involving large amounts of people, its just a copy of ltc otherwise.   I dont see the average reddit user buying special asic for it so they will effectively be paying farms and asic developers for their work.   I wont keep any of that.
VTC goes the opposite way and its difficult to mine, Im not holding it especially but I dont know about work done by the devs either

Just a small heads up.  For alternative sha256 coins there is a pool which monitors which is most profitable and switches to it for you.  www.multipool.us You just keep the one address and it'll take on TRC if that is 30% more profit then btc, which I have seen at times

I think you do have to sell the TRC yourself but on such a small operation you have to grab every advantage available to you.  A massive farm will probably not be doing this or as agile as you can be with your operation.

There might other innovative alternatives Ive not seen but that site is pretty simple to use or test at least

Sounds a bit like dollars.   No matter how you try, in end you are buying dollars for something and helping the Washington political system to continue on with its nonsense.  Im sure half the world wishes it could leave behind big brother but in the end everything comes back to it.  I do think alt coins can just trade by themselves but most are tiny and probably dont benefit from cutting themselves off from a larger market, most are dying to be placed on a larger exchange next to btc ltc and doge as it can bring in new business and liquidity  Is that how dollar dominates, you dont dare cut it out and so your'll serve washingtons wishes even Russia?

Yea when I visted a btc webpage in 2011, did some micro mining with my cpu (no idea where it went) and thought the same I did not think I'd be back a couple years later amazed it was worth doing after all.    Pays to take a little more effort in paying interest to things, nothing good comes easy

QE is brand new and thats all dollars.  Dollars are digital anyway, only a small amount of a nations cash is actually physically passed around.
   I think Ron Paul gets bitcoin well enough but he also dislikes that its not backed by a fix to any value, he is a solid money guy for decades so I'd be surprised by anything different now.
   He'd argue in favour of free laws concerning drug prohibition but as a doctor he'd also recommend a stable diet instead, he is not an absolutist in his views.  I believe he is not against bitcoin in any way but he doesnt believe in it enough to hold or take special interest personally which is his choice.  I dont presume him stupid for deciding freely to take that choice

You could have put 1 dollar into cold storage 20 years ago and it be worth a trillion now if you were in Zimbabwe, of course those zim dollars buy you nothing useful at all.

Better to buy something useful that reduces yours costs now and in 20 years, usually land/housing.  What dollar or btc do are secondary to real costs most likely?

Before 1971 the world was built on exchanged value and comparative advantage and people did well where free enterprise was available.     Please dont argue this current scenario is the norm where whole economies are based off political deception.   The norm for the world is established value of some kind and mutual benefit to seller and buyer but we have politicised currency inherent in every business deal now

http://www.youtube.com/watch?v=iRzr1QU6K1o

I would cap it alot lower then that.  I always thought it dangerous to make excessive amounts of coins because you risk falling off the radar and losing the 1 sat price for the main market or source of liquidity which is btc.   Of course if you had other means like direct to USD that could help matters.
Less is more imo

Its worth saying that not all crypto coins require mining like bitcoin does.  So if you wanted to own a coin or operate a network without using up alot of electricity or resources you could decide to opt for proof of stake rather then proof of work which btc uses to great expense.

Im not certain mining is essential, if not then this could be the ultimate saving.  I apologise if this is sacrilegious :p