Ok, so prepare yourself for a shitload of Amateur Indian porn in the future. The #1 content being generated at the moment for people with new internet access, is porn. ^HeH^ On a serious note, this is very positive news, and Bitcoin companies should grab this opportunity to branch out to these areas.
Let Bitcoin enable micro payments between poor people in India, like M-Pesa did in Africa. ^smile^
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If you wear a signature, your post will be labeled as shit and spam, no matter what you post. The sig haters place you on their ignore list, so they do not read anything you post in any way. If you want to post something constructive, make sure you stay on the subject discussed and try to find a angle not covered by anyone else before you. I speak and write several languages, but I still try to correct my grammar and spelling mistakes.
So once you wrote the post, just double check your mistakes and you would be fine. ^smile^
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that is true ,financial education is very much important at the beginning age , because at the young age people tend spend time other activities like games , play etc , but financially guiding them also an important task like what is money an dhow we can earn , save and use it in a proper way and slowly on the digital currency also.
We should consider the higher resposibility needed to keep our kids safe, seeing that they have 100% control over their money matters, when they deal with Bitcoin. I feel confused please tell me what are you mean, the responsibility is always held by their parents or trying to put the financial responsibility into them. There are many parents that do not even know what their children are doing online. These kids can use Bitcoin to buy drugs or to gamble and nobody would even know. The Bitcoin community have to find ways to make Bitcoin safe for the children using it, or the shills and the pessimists will use this as a weapon against us. I am saying that we need to educate children on the dangers of Crypto currencies, because it is not like the fiat system, where everything is regulated and governed to protect the consumer. We should do this from a early age, to prevent problems in the future.
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Forget about Bitcoin, the difficulty is much too high to gain any income from mining, and if you are lucky, you might mine some Alt coins. If this is only to experiment you can try it out, but if you bought this computer to mine, you are going to regret it. There is zero profits to be made from CPU/GPU mining these days. Sorry. ^hmmmm^
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Have you seen the movie < Money Monster > yet? If not, here is the plot : Guy walks into a live television broadcast and takes George Clooney the presenter of a popular financial program hostage, because he gave wrong advice about a promising company, and many people lost over $800 000 000 in one day.
The people giving financial advice here, should consider watching this movie. Nobody can give you 100% assurance that this is the best time to buy. Anything might happen, and then you will come back here to flame these users, because they gave you bad advice.
You need to make these decisions on your own, based on the probability that it might suceed in the future. ^smile^
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that is true ,financial education is very much important at the beginning age , because at the young age people tend spend time other activities like games , play etc , but financially guiding them also an important task like what is money an dhow we can earn , save and use it in a proper way and slowly on the digital currency also.
You are a fast reader, since you replied within 6 minutes from me posting this. ^hmmm^ The angle here is different to what other topics on this forum is discussing about age & Bitcoin. We should consider the higher resposibility needed to keep our kids safe, seeing that they have 100% control over their money matters, when they deal with Bitcoin. There is no soft landing, if they transfer their Bitcoin into the wrong address and no customer protection built into the technology to reverse the payment, if they get scammed or hacked. So the age for exposure to Bitcoin, should in theory be higher compared to other payment methods. ^hmmmm^
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Before you start comenting on this, quickly read through this and base your opinion on what you have read: http://www.unicef.org/publications/files/CSFE_module_low_res_FINAL.pdf I will quote some interresting findings : " A project in Kenya found that the introduction of child savings accounts improved the well-being of children and youth living in poverty. This preliminary research study on out-of-school adolescent Kenyan girls who participated in financial education determined that girls in the experimental group more than doubled their initial savings after being trained in important life skills including saving, business support and mentoring skills. While there is some reluctance to exposing children to financial concepts at too early an age, there are considerable benefits to introducing financial education while young people are still in a process of formulating personal financial behaviours. " Also look at the table on page 10 of this document to reflect the different ages and what kind of development needs to be done to promote financial education. So based on this information, where would you introduce Bitcoin into the lives of our youths, considering that Bitcoin needs more responsible people, because you place all the financial decisions in your own hands and not into the hands of some bank or financial institution. ^hmmmm^
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Let's forget for one moment that Ethereum is hard forked and that it was hacked. I think the biggest advantage you have with Bitcoin is the hash rate backing it up and also that it's much more decentralized than any other Alt coin out there at the moment. To simplify, it is a much bigger network, with a good security history. ^smile^
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The one problem is - bitcoin is decentralized monetary system and it is not owned by anyone in particular. If bitcoin was a company like PayPal we would see Bitcoin commercials and ads everywhere on internet, press, TV. But who will pay for Bitcoin ads? Bitcoin Foundation? You or me? I don't think so.
There are companies in the Bitcoin scene, who would benefit a lot from Ad's in mainstream social media. They have a marketting budget, and most of them write that off as a expense for TAX purposes. The funding for this, is not going to be a problem, but I would rather invest that money into a cool video that can be placed on Youtube. Get something funny that would go viral. ^smile^
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You just migt end up, being the most generious aunt in history, if Bitcoin goes mainstream. If it goes bad, you will spoil her in any way. Why do you want to create a Vanity address? Just create a simple Bitcoin address with some Bip pass phrase and print it. Then you laminate it and you put it in a nice card, with a explanation on what it is and how valueble it might become. < personal message >
Enjoy!
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If you really want to go and start mining at this point (which I personally wouldn't recommend due to all the additional hassle involved with heat and noise), I would go with the S9.
The power price is good so you will be able to turn a profit for quite some time. It won't make you rich, but you should be able to ROI of the miners.
Do you have a dedicated space where you can place the miners? A nice and cool basement for instance?
Thanks for your replies... yes i have an empty room kinda isolated and has Air Condition running always. The possible hidden cost, would be that the Air Conditioning units will have to work a little harder to keep the place cool, due to the additional heat being generated as a result of these miners being introduced in this area. This increase have to be factored in, once you worked out what that difference is. It will be marginal, but it is still some extra costs that you did not have before. You said this exercise is just for a hobby, so the additional cooling cost might not be a make or break decision for you not to do this. Enjoy! ^smile^
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Just out of curiosity, how did you come up with the name for the site, because it does not speak to the reason for the site? Bath your Bitcoin? I think the weirdest thing being sold on eBay that are Bitcoin related is this, 1pcs 3D Logo Car Interior Decorative Roof Shadow LED Atmosphere Light Bit Coin for $13.78. I just wonder how many of these items are scammers selling these good to people who barely know anything about Bitcoin. Let's leave eBay to deal with this and just thank you for your efforts to highlight Bitcoin related goods on eBay. ^smile^
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Just wait a second for me to get out my crystal ball, so that I can predict with 0% accuracy, when this will happen. The reality is that nobody here can tell you when this is going to happen. Yes, they can tell you that it might happen, if certain events takes place, but nobody can tell you when this is going to be. It might be because of a major hack or some terrorist attack linked to Bitcoin or some protocol problems or due to political influences, like the banning of Bitcoin in one of the major countries. We just in the dark, when this will happen. ^hmmmm^
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I think I would direct him to this site, http://www.badbitcoin.org/ and ask him to count the amount of sites connected to cloud mining/Ponzi schemes and see if he is still interested in investing with these types of sites. Some people will not take your word for it, so you have to come up with some evidence to prove your point. I have learned the hard way, with telling friends about something their kids did, and even if it was true, they still did not want to believe it, until I brought the proof and now they are left with the red faces. ^hmmmm^
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Well I played around with a Chicken faucet last night, where you walk around in a 3D world and you pick up coins, it was very basic but fun to do. I can just imagine porting this idea into Google maps and walking around in the real world, picking up Satoshi's.
Who leaves a Penny, if you see it laying there on the ground?
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Can we have quiet period of time without all that drama around bitcoin developers or institutions? First Bitcoin Foundation turned out to be scandalous useless entity. Later one of the developer left and labeled bitcoin as failed experiment. And now we have another developer blamed for being toxic and destructive individual. What next? Core dev team will split?
If you have a hidden agenda, you will always find a stick to hit someone with, and this is the case with these people attacking Greg and the other Core developers. Most of them are spectators on the couch, with nothing more to do, than pointing fingers. They should use those fingers to come up with some good code, and then see if someone would actually like it enough to use it. Consensus is a Bitch. ^smile^
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I would like to see a TV Series on the life of a Bitcoin scammer. We can have seperate episodes for every scam going on in the Bitcoin scene, and we can start with Ponzi's and HYIP and then onto How I hacked my own exchange and then throw in a bit of Cloud mining to spice things up.
It will be more popular than Game of Thrones. ^smile^
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It could have been worst, and be in the hands of Gavin or Mike Hearn and the banking buddies. ^rofl^ Some people do not understand what majority means in a consensus scenario, so they dream up all these conspiracy theories. Get over it, Bitcoin is in good hands with the current Core developers. ^smile^
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It's real, the database was hacked last year... If you haven't changed your password since then, it might be wise to do so now. I find it a little weird you didn't know about this, it was the hot topic for weeks when it happened wait so the people who created accounts this year are actually safe? Yes, and the people who created it before last year is safe too, if they changed their password when they were told to do it. The password encryption being used is strong enough to withstand most attacks, if you use strong passwords. Just change your password regularly, and make it even more difficult for people to hack it. ^smile^
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Do not confuse Bitcoin and Blockchain based technology with each other. Banks are not interested in Bitcoin, because it is a technology that are in direct competition to their business model. They are focusing on improving their systems with the help of Blockchain technology, but they are not using the Bitcoin token.
These people saw a opportunity to take a disruptive technology not protected by any intellectual property rights and to use this to streamline their business and to make even more money for their shareholders. Nobody can stop them from doing this, but the clients still have a choice to stay with them, or to deal directly with Bitcoin. ^hmmmm^
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