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11681  Other / Off-topic / Re: Thousands Of Canadian Bankers Admit Lying To Customers To Boost Sales on: March 16, 2017, 05:26:14 AM
These bankers are a bunch of @!#$%ers and they are under pressure from their investors to make huge profits and to increase their dividends. I once saw a row of stalls for the different banks, promoting credit cards to first year students at a big university.

These students have no work and they are given huge credit to spend. ^wtf^ In the end, the parents have to pay the bills. ^grrrrrr^
11682  Bitcoin / Bitcoin Discussion / Re: Top 10 Bitcoin Wallets in 2017 on: March 16, 2017, 05:17:36 AM
I am glad to see you placed Coinbase at the bottom, because it deserves that position with the bad customer support and all the strict AML/KYC regulations being applied, sometimes without merit or reason. I would have liked to see something like Xapo on there, but I guess it is not truly a Bitcoin wallet.  Huh

Well Done, your rating was pretty close to mine. ^smile^
11683  Bitcoin / Bitcoin Discussion / Re: BTU Coin Questions on: March 16, 2017, 05:08:21 AM
In my opinion the longest chain will be Bitcoin, no matter what happens in the future. The value of these coins will depend on the same principle that the coins value is determined now, namely : Supply & Demand. If this does happen, you might find some hardcore supporters selling off their coins, when their fork attempt failed.

Would you still support a Coin, that does not fit your needs or would you still run a node, if you do not support that code?
11684  Bitcoin / Bitcoin Technical Support / Re: Have you ever seen such a hacking technique? on: March 16, 2017, 05:01:50 AM
This is weird, if they had access to your private key or account passwords, why did they not move all the coins in that address? I would move those remaining coins out there, if I were you. They might just have tested the withdrawal to mimic a incidental double transfer and will withdraw the remaining balance soon.

Move the coins to be safe. ^smile^
11685  Economy / Speculation / Re: Positive news for Chinese players : We are going to see $2000 in March itself ? on: March 14, 2017, 06:45:16 AM
Do you really think Chinese Bitcoiners still want to use regulated Bitcoin exchanges? They already started to move away from these exchanges and are now trading informally on other platforms. The connections has already been made to trade informal with people they can trust.

This is what happens when governments wants to "clamp down" on people's freedom. They force people to use unregulated methods to trade freely. ^hmmmmmm^
11686  Economy / Economics / Re: china will no longer able to control bitcoin market??? on: March 14, 2017, 06:36:38 AM
Possible or not if bitcoin users increase, china will no longer able to control bitcoin market. i see china market always try to dump the price even other exchange want to the price keep rising.
Glad to see peoples bank of china had made the correct decision to audit all of the Chinese exchange sites. They're not having the power to control market price again. Many thanks for the PBOC. At this time the trend is always turning to a bullishtrend. Grin

You might regret this "thanks" in the coming months, because the Chinese government have just started to regulate these exchanges. They say, it is to prevent "bubbles" but some people think they have another agenda. You have to look at the bigger picture. They are researching options for their own GovCoin and Bitcoin will be the competition.

They also want full control over their citizens money and Bitcoin circumvent some of these controls, so they will push back hard to regain the control. ^grrrrrrrr^
11687  Bitcoin / Press / Re: [2017-03-13]PBOC: ‘Bitcoin Trading Platforms Cannot Call Themselves Exchanges’ on: March 14, 2017, 06:08:59 AM
What a bunch of crap! The PBOC saw that some citizens are using Bitcoin to circumvent Capital controls and they will not allow anything to influence the manipulation of their reserve currency. < yuan > They are clamping down on Bitcoin exchanges, because they are the only soft targets they can reach. < Centralized services >

They did the same with Q Coin, because they too were centralized services. Bitcoin users will use the decentralized network to retain their financial freedom and there are not a lot of freedom in China at the moment. ^grrrrrrrr^
11688  Economy / Micro Earnings / Re: Limited : Advertise on TomyGame.com for 0.0001 btc per day! on: March 14, 2017, 05:56:20 AM
Can you give some Google Analytics statistics on the traffic you get and what type of traffic it is? You can advertise the cheapest advertisement space on the internet, but you might have zero traffic or poor quality traffic. Companies are looking for quality traffic and things like unique visits and page view stats and location based traffic.

Give us some stats to work with, before you offer cheap Ad space. ^smile^
11689  Bitcoin / Bitcoin Discussion / Re: Have you ever lost BTC from getting infected? on: March 14, 2017, 05:25:20 AM
Your solution is Tails my man, this OS boots from a DVD and you can boot from a clean system every time. You just disable Persistence and you are set to go. I run the system without a hard drive to access my "online" accounts, so these virusses and malware have nowhere to go.

Only the most tech savy hacker will be able to infect the Bios/Firmware but I can flash that too, if I really wanted to.

I have not lost 1 Satoshi so far, but I think my hardware wallet helps with that. ^smile^
11690  Bitcoin / Bitcoin Discussion / Re: Will ”Capricious” Chinese Government Confiscates All Bitcoins of the Big Three? on: March 14, 2017, 05:15:19 AM
Well, you only have to look what they did to Q coin back in the day, to know what they can do. Q Coin trading volume hit several billions of yuan per year, rising at 15-20% annually. China’s central bank worried that Q Coins could be used to launder money and to inflate asset bubbles. The government eventually cracked down, banning, among other things, the exchange of “virtual currency” between user accounts.

China’s conservative regulators, now zeroed in on Bitcoin exchanges to try and regulate it as they did with Q Coin, but Bitcoin is not a centralized currency. They will have a much bigger problem, this time around.  ^hmmmmmm^
11691  Economy / Gambling / Re: FreeBitco.in - Win free Bitcoins every hour! on: March 13, 2017, 06:44:39 AM
Is there any risk that the new savings thins (4% per year) is one of those ponzi schemes?
This is what wetsuit has said
Simply buying cloud mining power will most certainly not be profitable for users because they usually do not hedge against price and difficulty increases. We would prefer to manage everything ourselves and just give a fixed return to the user so that the investment is truly passive and risk-free for them.
And this when i asked,  

With 4.08% interest annually, it's higher than interest on bank (around 2-3% annually).
Is there any assurance if something bad happened (hope not) with our money?


We plan to expand quite conservatively and do hedge against the bitcoin price rising too quickly or the mining difficulty jumping to ensure that we always make a profit in bitcoin (not only in USD). This way, growth is slower but profits are consistent and fairly predictable.

If you mean that we could run away with your money, that is always a possibility but we probably stand to make more by running a honest business than by scamming. Also, it is a bit difficult to "run away" with a million dollars+ worth of equipment weighing a few tons. It wouldn't be too difficult for someone to track us or our miners. We have already invested over 1,000 bitcoins in the mining operation and unlike most other cloud mining service we do provide actual proof of mining.
The final decision still in your hand, but from his answer, i can say wetsuit is a honest guy.

Really? Ok, ask Wetsuit to show you the regulatory approval for him to "offer" banking services to the public. There are several applications that needs to be done to operate as a bank. { Deposits / interest / withdrawals ....}

Where is the approval for a federal or state charter? All insured banks must comply with the capital adequacy guidelines of their primary federal regulator (Federal Reserve, FDIC, or OCC).

These regulations are put in place for people to show that they have capital to support its risk profile, operations, and future growth even in the event of unexpected losses.

If he says that he does not operate as a bank, then other regulatory approval is needed to operate a business where you pay dividends or "shares" or interest on deposits. ^hmmmmmmm^

11692  Bitcoin / Press / Re: [2017-03-13]Bitcoin Needs to Think Outside ETF Box on: March 13, 2017, 06:27:39 AM
The SEC wants their masters to have control over the "outcome" of investments and with Bitcoin this is not possible. We have Chinese miners and even governments influencing the price and then we have unknown Bitcoin whales manipulating the price.

They will never allow any technology/trust/commodity that they cannot control and they will use "consumer protection" as an excuse to do this.
11693  Bitcoin / Project Development / Re: launching btc-recycle on: March 13, 2017, 06:18:39 AM
The idea is good, but the logistics will be a nightmare. Do you get any Tax breaks or tax credits or rebates in your country to make this financially viable? I am all for projects that would make a positive environmental difference, but how will you incentivize this kind of behavior to the consumers? 

Good luck with the project, I will follow your progress. ^smile^
11694  Bitcoin / Bitcoin Discussion / Re: Lucy, Charlie Brown, the Football, and the next ETF on: March 13, 2017, 06:09:49 AM
https://news.bitcoin.com/sec-delays-decision-solidx-bitcoin-trust/

How can the SEC suddenly make a U-turn on their opinion about the risks that exist with unregulated exchanges having a influence on the market? They also see the Chinese dominance in this scene as a possible threat? How will this change, before they make this decision?

We will still have unregulated exchanges and most of the mining will still be conducted by Chinese miners. ^smile^
11695  Bitcoin / Bitcoin Discussion / Re: why bitcoin transaction to be confirmed twice? on: March 13, 2017, 05:57:20 AM
I see confirmations like this. We do not have a central organization managing the financial ledger on our behalf, so we have to trust a decentralized system, where people validate your transactions. So if 1 person validated your transaction, it might not be enough, because this person might be a bad actor.

If 2 or more people validate the transaction, you would feel comfortable to acknowledge that this money is not spend twice.  
11696  Bitcoin / Bitcoin Discussion / Re: Blockstream is nothing more than a $70M blockchain takeover attempt on: March 13, 2017, 05:52:19 AM
How can a privately funded entity organize themselves by hiring Core devs with the intention of driving the future rules of the network?  Doesn't this bother most of you free loving bitcoiners?

Time to organize a new group of honest core devs having no paycheck affiliation with anyone. 

Money talks and bullshit walks, so show us the money to fund this. The Developers follow the money, just look at Mike Hearn and Gavin. The Bitcoin foundation's money dried up and then they jumped onto the next available cash cow. You forget about ideals and principle, if the money on the table is good enough. ^hmmmmmm^

This will get interesting, if a big company or a bank start to target the Core developers. Will they sell out like Mike Hearn?
11697  Bitcoin / Bitcoin Discussion / Re: Bitcoin and the whole Cryptocurrency market: UPUPUPUP? Reality-check! on: March 13, 2017, 05:46:25 AM
If you look at the amount of people that have not yet heard about Bitcoin, then you can see the potential of this technology. We have a huge untapped market of people who can still invest and we have not even had one major killer application that would push this to mainstream use.

The Moon is coming and it will happen quickly. ^smile^
11698  Economy / Gambling / Re: FreeBitco.in - Win free Bitcoins every hour! on: March 10, 2017, 07:16:21 AM
Now you blow up my mind! So I understand that mining is to cover interst of deposits/account balance, right? Or maybe you think also about renting some power - I mean something like cloud mining?

We buy and own all our miners, we do not rent "cloud mining" power because 75% of them are ponzi's and the remaining 25% are almost always unprofitable.


You misunderstood me Smiley I know that miners are yours. I'm asking if you think to open in future something like cloud mining service and rent your power?

Simply buying cloud mining power will most certainly not be profitable for users because they usually do not hedge against price and difficulty increases. We would prefer to manage everything ourselves and just give a fixed return to the user so that the investment is truly passive and risk-free for them.



If you want to start a mining operation i think that you might need a different site or at least a link to a detailed thread in this forum, because you know why this community is concerned about cloud mining operations, and on freebitco.in i actually can't read anything about cloud mining.

I whish you the best luck,

Erre

That would be a stupid move, because Freebitco.in has already won over the trust from many loyal users and they can just tap off on this reputation to launch new products. A whole new site will need a lot of marketing and building a trust relationship with new users, which they already have.

If you have a existing loyal user base, you can build on top of that with ease. You can also lose that trust if you run a illegal cloud mining / Ponzi scheme, which they are saying that they are not doing.  Roll Eyes

Let's see how this pans out in the long run. ^smile^
11699  Economy / Speculation / Re: If Price drops after ETF not approved, it's because people are Dumb on: March 10, 2017, 06:14:10 AM
The price shot up over a thousand months before most people even knew about the ETF. What makes you think it will make a difference?

If it's not approved, whales will dump and price will drop... but the panic sellers will send it further. Just HODL. $10k is not far away.

A lot of "Hype riders" are speculating on this ETF approval and I cannot wait for this to stop and to get rid of them. They cause a lot of negative "ripple" affects on the network with all the fud they are spreading to pump the price. The volatility is also not good for merchants that accept bitcoins as a payment option. < Those, not using payment processors >

The ETF hype pumped the price with at least 20% to %30 since this has gained media attention, and that will cause a big dump, when the decision is negative.

Most of these speculators will take profits and leave, even if the decision is positive. They are just riding the hype train.
11700  Bitcoin / Bitcoin Discussion / Re: Accusations of Paid Shills on: March 10, 2017, 05:56:32 AM
That said, we should not ignore the possibility that a lot of people are being paid, not just by BU supporters to spread FUD, but also from competitive Alt coins or even fiat competitors. You can easily spot these guys, if you look at their post history.

I am open to general discussion and brain storming from both sides, but I am not open to personal attacks on these people when they offer their opinion. You do not have to turn into a Cyber bully to get your point across. ^hmmmmm^
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