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12061  Bitcoin / Bitcoin Discussion / Re: Is this true or a speculation on: December 20, 2016, 08:27:03 AM
Despite repeated warnings by concerned netizens, many online people continues to patronized hyip and other investment scam that offers get rich quick schemes.

This is a typical example, http://www.badbitcoin.org/ where we provide the tools for people to determine in advance if the site is a scam or a hype and even with prior warning or even just a little bit of research <Google > they would not have lost any money. I guess greed clouds people's sound judgement. Next time you want to invest in one of these shady operations, just use Google first, you would be amazed at how usefull it can be. ^sarcasm^
12062  Economy / Service Discussion / Re: Renting Hash Power, is it profitable? on: December 20, 2016, 08:18:31 AM
It is a nice way to wash money, if you asking me. You create some legitimate company selling hashing power and you push some illegal money through it in a Ponzi type funding. The supposed investors could be your own "dirty" money. Some of these people rent out the hashing power and once they hooked enough people or when they hook a shark, they just close shop and dissapear. These operations are full of scammers, so I would avoid them at all cost.
12063  Bitcoin / Bitcoin Discussion / Re: Which Is The Better Tagline? on: December 20, 2016, 08:09:06 AM
The "revolution" sounds so liberal and we already have a reputation that most Bitcoiners are Libertarians. < b.t.w this is not true > So I would rather go for < The Internet of Money > The mention of money, already grabs your attention and linking it to the internet, will hook even more attention. You can also explain it easier, than trying to explain to people why you need to revolt against a corrupt fiat system. ^smile^
12064  Bitcoin / Project Development / [Idea] SmS type Quiz game for Bitcoin. on: December 19, 2016, 09:08:30 AM
Can someone create a Quiz game, like we see with these SmS type quiz games, where each entry are being paid for by the participants and then all entries goes into a final Pot and the winner or winners are chosen from this pot. The system should be totally transparent and the draw provably fair. So, has this been done before or would this be unique? Entry to this should only be a few 1000 Satoshi's to allow for the poorest people to participate.

The more questions answered correctly, would increase your changes to win the big pot or one of the smaller prizes.  

Each question should have a 5 second timer, to eliminate "Google" help.  Grin < Most questions should be Bitcoin based, to increase people's knowledge about the subject > A incorrect answer, will not disqualify you from the Quiz, but will not be eligible as a entry ticket. So for every correct answer, you will receive a additional entry ticket.

Paying for every entry, will prevent spam and guessing and multiple entries to get more correct entries. < We should have 1000's of questions to prevent duplication >

This can be both educational and also beneficial for the Bitcoin adoption rate, if this takes off and the prize pot grows to say $100 000 < Just an example > This will garner a lot of media attention, if it goes viral.

What would the legal requirements for this kind of project be, in your opinion? We will have a lot of issues with underage participants, but I doubt if this can be labelled as gambling. Please feel free to give your inputs and suggestions.

What do you think, will this work?  ^smile^
12065  Bitcoin / Bitcoin Discussion / Re: New York Is Losing Its Battle To Regulate Bitcoin on: December 19, 2016, 08:21:51 AM
The NYSDFS fked themselves, when they implemented this in the State of New York. Most of the Crypto companies left the state and resumed operation in other states where they did not have to pay those ridiculous license fees and be subjected to all that red tape. The regulators of that piece of legislation created some nice jobs for them as consultants to explain the complex legislation to the busineses that had to adhere to it, before they would be allowed to operate under that BitLicense. A great barrier to entry for 1000's of Bitcoin startups in New York. ^hmmmmm^
12066  Bitcoin / Bitcoin Discussion / Re: How the federal reserve will react to the bitcoin growth ? on: December 19, 2016, 07:47:26 AM
I don't know why everyone doesn't just stop worrying about what governments are going to do about Bitcoin and start spending them on everything. More spenders and less hodlers would make Bitcoin so commonplace  governments couldn't do anything without ruining part of their economy.  

We should worry about these things, and prepare for contingencies when these governments react negatively toward bitcoin. We should create untraceble black markets to provide for alternative commerce in the event where Bitcoin is banned. That is what happened with Prohibition in the USA during 1920 to 1933. The governments will soon realize that they are going to lose a significant amount of tax revenue, when Bitcoin goes underground, and that it would be more beneficial for them just to leave it to prosper and grow.

So they can chose between having Bitcoin bootlegging like the old days, or having legitimate busineses that create job opportunities and generate tax income. ^smile^
12067  Bitcoin / Mining / Re: Miner reward = 0.01√difficulty on: December 19, 2016, 07:21:03 AM
It will not just be the early adoptors that would appose this, every person who own bitcoins would be against such a flexible cap because it devalue their current coins as the cap is lifted and more coins enters the network. You are free to create your own Alt coin and then see how this will fail. The miners also benefit from the current cap, because the reward is more valueble than what it would have been if there were a flexible cap. What would you chose? 100 bitcoins @ $10/BTC   OR say 12 bitcoins at $800/BTC  < Just a simple example >

Bitcoin was based on Gold, and there are only limited amounts of gold deposits, which makes it more valueble as a precious metal. ^smile^
12068  Bitcoin / Bitcoin Discussion / Re: MTGOX collapsed organised with the MSM and Governments around the world on: December 19, 2016, 07:04:59 AM
OP, you have to agree that the damage that Mt. Gox did was much larger than the amount of money that was lost. It was still early days, and Bitcoin was on the rise. The timing of this was nearly catastrophic for new Bitcoin users. At the time, Mt. Gox was one of the biggest exchanges around, and a lot of people used it. It was launched in July 2010 and up until 2013 it handled almost 70% of all bitcoin transactions. If you wanted to take down Bitcoin, then Mt. Gox was your best target.

Mark Karpeles almost sunk Bitcoin on his own, luckily some people still saw the value and they kept on going. ^smile^
12069  Bitcoin / Bitcoin Discussion / Re: Bitcoin should some good commercial ads to promote! on: December 19, 2016, 06:53:13 AM
I would much rather see all that funding being dumped into $1 000 000 projects to create that killer APP or GAME that would spark mainstream adoption. The commercial mainstream adverticement channels is too expensive and a waste of time and money. We only need 1 <one> killer/super App to stimulate the mainstream adoption, but I am worried about the scaling and the capacity to handle those kinds of transactions. The huge volumes of transactions needed, would bring the whole network down. ^hmmmmm^
12070  Economy / Speculation / Re: Another reason for a sustainable rally on: December 18, 2016, 09:40:55 AM
They finaly figured out that the real gem is not in the adaptation of a digital ledger to function as a Blockchain, but for a Blockchain to function like Bitcoin. The <private> networks will not be widely supported, because there will always be the trust issue. What will happen if the public accept a <private> permissioned Blockchain, where they have ZERO transparancy or inputs into the core building blocks of the direction where the technology is going. < Who will determine the Coin Cap, and how easy will it be to increase it? >  Roll Eyes

You cannot invest in something, if you cannot trust it. The consensus in Bitcoin, give it some degree of trust. 
12071  Bitcoin / Project Development / Re: Forum Moderators on: December 18, 2016, 09:32:26 AM
I was a forum moderator for a few forums, and I can tell you, it takes a lot of time to manage spam and bots and also mediate between forum users when the shit hits the fan. You have to be biased in most situations even when your ethics/religion/political views are different from the parties in question. I think most people stepping up for this, has no clue how complicated this can get. Just as a matter of interest, is this a Crypto currency forum? ^smile^
12072  Bitcoin / Bitcoin Discussion / Re: Which Bitcoin Course Would You Be Most Interested In Taking? on: December 18, 2016, 09:08:10 AM
I think Bitcoin trading offers the most potential and I have seen some good tutorials on the subject on the internet. There are also many different ways to trade, and one of the most interresting options in my opinion is CFD's at https://1broker.com/ The other options like mining would not be beneficial to the every day person with limited funds. Why would they want to learn about something, if they do not have the funding to compete against established Bitcoin mining farms?
12073  Bitcoin / Bitcoin Discussion / Re: Idea for helping Venezuela using Bitcoin on: December 18, 2016, 08:52:07 AM
Someone was saying somewhere in a video that the Venezuelians are already buying goods in Walmart via some service and they get the goods delivered to their country. It would be great if we could track that story and find a person to deal with. The trust will be a issue though, because in my experience with charities in Africa, most of the damn donations end up in the wrong people's pockets. These people end up selling these goods to the people. The world is a sick place. ^hmmmmm^

Bitcoin can make the biggest difference, if big companies like Coinbase/BitPay/Trezor/Xapo can join efforts to make Bitcoin transactions cheaper for the every day person on the street. They can also make it easier for them to make transactions via cheap mobile phones. < Most Bitcoin Apps these days, are developed for Smart phones >  Roll Eyes
12074  Economy / Speculation / Re: Bitcoin on autopilot mode on: December 18, 2016, 08:39:19 AM
It has been that way for years, so this is nothing new. What other coin or Blockchain technology has even come close to Bitcoin? LiteCoin? DodgeCoin? ETH? The only reason for this is trust in a network that has a proven track record and a huge following and strong community. Bitcoin also have the advantage that it has been around since 2009 and it was the first technology in this scene. If Bitcoin was not created, none of these other Alt coins would have existed. ^hmmmm^

They should thank Bitcoin for their existance, and get with the program.  Roll Eyes

12075  Bitcoin / Bitcoin Discussion / Re: How the federal reserve will react to the bitcoin growth ? on: December 18, 2016, 08:25:20 AM
I think the "fashionable" answer to this nowadays would be "they're going to try and build their own blockchain and coin" Cheesy

They have to do something, because the current system is failing on a massive scale globally. I think Denmark will be the first country to develop their own digital currency and then the other countries will follow their lead. The signs are already there that they are turning against the use of cash. We will see a clear division between <Private Blockchains> and < Public Blockchains > by the end of 2017. The difference will make it easier for governments to regulate Crypto Currency in the future. ^mark my words^
12076  Bitcoin / Bitcoin Discussion / Re: Bitcoin should some good commercial ads to promote! on: December 18, 2016, 08:01:44 AM
In my opinion the Bitcoin foundation was supposed to promote Bitcoin, with the funding provided by the community. It seems as though the foundation was created to create job opportunities for people to earn a salary and not to promote Bitcoin. If we have to tolerate a centralized organization for Bitcoin, then they have to add value to the community. Lately the only promotion being done, seems to be 3rd grade videos on Youtube by individuals.  Roll Eyes

Everyone seem to wait for the Bitcoin price to go up, and they are not joining efforts to promote it. ^hmmmm^
12077  Other / Beginners & Help / Re: Top 10 Bitcoin Facts to Wow Your Friends on: December 17, 2016, 07:43:15 AM
Top 10 Bitcoin Facts to Wow Your Friends

5. Bitcoin can now be used for almost anything…



Are you sure we can buy anything with Bitcoin now? Can you provide list of merchants I missing so many things to buy with it.

Try https://purse.io/ and buy anything on Amazon.com and even at a discount price over the price that are listed there. ^smile^ You can also use Overstock for some goodies or buy games on Steam with Bitcoin payment options. There is also a decentralized market place called OpenBazaar, with some good options. < Still new, but one to look out for in the future > So go to https://spendbitcoins.com/ and find the goods or services you are interrested in. ^smile^
12078  Economy / Speculation / Re: touch down to 800$ is near on: December 17, 2016, 07:27:59 AM
You know what happens when we break that wall right? Most people start selling to cash in on their investments to make a profit and this will push the price down again. These psycological walls are not good, because it creates barriers for natural progression. We should just forget about the price for now, and concentrate on increasing adoption. The price will increase through these barriers, if we concentrate our efforts on aggressive adoption methods. < Incentivized rewards for Bitcoin use at merchant levels through discounts >
12079  Bitcoin / Bitcoin Discussion / Re: Government digital currency! on: December 17, 2016, 07:19:28 AM
Digital currency but not bitcoin for sure, the government will only make a currency who are under their control and since bitcoin is decentralized, it's not possible to use bitcoin and promote to its people.

They can still use Bitcoin if they wanted to, they would just have to influence the right people to do it. Bitcoin developers are definately a target for them, as we have seen with people like Mike Hearn and Gavin Andresen. They can also over regulate Bitcoin to monitor and control it's use and we see this happening already with centralized services like Coinbase. The Bitcoin protocol gives you Pseudo-anonymity and the use of these services takes it away.

So they do not use Bitcoin, but rather centralized services to obtain their goals. ^hmmmmm^
12080  Bitcoin / Bitcoin Discussion / Re: Clif High says Bitcoin is the future on: December 17, 2016, 07:05:09 AM
This guy is weird to say the least. He is the tinfoil hat type of guy, with a bunch of conspiracy theories to make things interresting. When people start talking about Hilary and her body double and her being missing, then the red flag for coocooness goes up for me. He talks about Bitcoin and the price going up and down when there is polital instability, which is normal. The price of Bitcoin are being influenced by political instability, and so is any other commodity that are used for a Safe haven.

Listen to him talking about Space Aliens and Space Goat farts and tell me that he is Satoshi Nakamoto. Seriously?



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