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12641  Bitcoin / Bitcoin Discussion / Re: BitCoin Volatility on: February 08, 2017, 01:24:32 AM
Increased adoption, market cap and genuine usage would reduce volatility. I really don't see how it can ever be tamed enough though.  Gold is many many times larger and still shits the bed on occasion and it's probably manipulated to hell to suppress it as well.
12642  Bitcoin / Bitcoin Discussion / Re: Bitcoin Rally Could Be Stalled by Philippine Regulation on: February 08, 2017, 12:45:23 AM
To all those that  wanted regulation, controls and Government peering into your financial lives, here ya go: http://www.coindesk.com/philippines-just-released-new-rules-bitcoin-exchanges/

Effective today!

Next comes the taxation of your BTC transactions just like our big brother and Idol, the USA, does.

Enjoy mga Pinoy!!!

What else should anyone expect? If you move to an oil rig in international waters then you'll be tax free. If you live in one of those country things then the likelihood is that you'll be taxed somewhere along the line.

And there's no mention of tax here. Filipinos are probably taxed on it already.
12643  Economy / Speculation / Re: ETA for the ETF? (and Gemini Exchange speculation) on: February 07, 2017, 11:21:10 PM
Why haven't many or any people picked up on the lack of demand for similar ish European initiatives likes the Swedish ETN and the Global Advisers one?

Are they fundamentally set up in a less sexy way, accessed in a completely different way or will the American versions be open to a different class of money? I haven't paid them enough attention to know. There's plenty of money in Europe too which has barely shown a peep of interest.

And here's some fun baseless speculation  as well.

12644  Other / Politics & Society / Re: Is there truest religion? on: February 07, 2017, 10:56:03 PM
Let's re angle the question a little, if your child decided they were going to become religious which one would you prefer them to choose? I equate all religion with mental illness but I do have some respect for Buddhism so thats my choice.
12645  Other / Politics & Society / Re: Six other times the US has banned immigrants on: February 07, 2017, 10:53:29 PM
about banned immigrant, is US judicature cancel to donal trump policy
so banned immigrant still pending program, all country still can visit to US

The policy was suspended by some low ranking judge, and it will be challenged in the higher courts very soon. This is exactly the reason why the Americans elected Trump. The leftist liberals were always trying to sabotage people's will using these biased judges.

And he won't be recruiting his own biased judges? Don't be a silly sausage. He's no better or worse than those who oppose him. Perhaps he'll even wind up better. Things haven't gotten off to a very convincing start though. He appears to favour the broad stroke when that isn't really how the world operates beyond his sweaty golden bubble.
12646  Economy / Speculation / Re: What are the odds of Winklesoss ETF passing? [POLL] on: February 07, 2017, 07:47:57 PM
Every day without a withdrawal increases the chance of a yes. Having said that I think the odds are still low. Easier to say no to a small group than say yes to big one that might be exposed to a shitshow.
12647  Economy / Speculation / Re: The only way to get rich is by riding the next big alt pump on: February 07, 2017, 07:39:10 PM
What was the biggest 10x+ "alt pumps" so far?  ethereum? it went 80 times or 8 thousand percent higher than initial price. I think that game credits is a record holder.

XEM managed over 100 times over the course of a few months. It went from 24 satoshis around the start of 2016 to 2800 by June. But it was also so painfully obvious what was happening that I pity anyone who bought in in a frenzy.

There is anything particular to XEM justifying it's rise? Did not seen nothing impressing me, so just been sitting back watching. No interest in "quick money" at all, if it is other people's money in the end results.

It's great project and one of the only ones actually out in the real world doing stuff. There's no blag, just results. Did it do anything to justify that rise? Nope. Since when was any alt pump based on anything other than poloniex players fancying some fun?

It was descended on by DAO money post failure looking for a new pump.
12648  Other / Politics & Society / Re: What would happen if ALL countries's borders were taken away tomorrow? on: February 07, 2017, 12:11:04 AM
So after some time, maybe several generations, you think there would no no imbalances? From one state/area to another?

Doubtful in the extreme. One's climate has a bearing on the quality of life. There are large areas where water is limited and crops are hard to grow. Equally if society collapsed all those cold places would suddenly become a lot harder to live in.

I suppose everyone would huddle on the Canary Islands all they all starved to death.
12649  Economy / Speculation / Re: The only way to get rich is by riding the next big alt pump on: February 06, 2017, 08:26:14 PM
yep,according to coinmarketcap from 20ish sat to 1800+ in a six months.

And I think the only cause was because of DAO failure money looking for somewhere else to play. So it was a pump on top of another pump that was leaching off the original ETH pump.
12650  Economy / Speculation / Re: The only way to get rich is by riding the next big alt pump on: February 06, 2017, 08:05:53 PM
What was the biggest 10x+ "alt pumps" so far?  ethereum? it went 80 times or 8 thousand percent higher than initial price. I think that game credits is a record holder.

XEM managed over 100 times over the course of a few months. It went from 24 satoshis around the start of 2016 to 2800 by June. But it was also so painfully obvious what was happening that I pity anyone who bought in in a frenzy.
12651  Bitcoin / Bitcoin Discussion / Re: Who to blame for the increasing transaction fee? on: February 06, 2017, 07:55:21 PM
What seems to have slipped multiple minds is that Bitcoin is rather more expensive than it used to be compared to a short while back.

If this carries on, and it shows not too many signs of slowing down, it's going to be very interesting to see where everyone's breaking point is. There'll come a time when most simply won't want to transact any more.

For almost everyone Bitcoin usage is nowhere near a necessity. It's a cool luxury to get involved with. They'll wander off when they feel they're being worked over. Maybe that'll mean the people who really need it are left, or perhaps those too will switch to a less strangulated option.
12652  Other / Politics & Society / Re: Six other times the US has banned immigrants on: February 06, 2017, 07:48:02 PM
They banned anarchists? How does one identify one of those? By the sneer they give when they approach a border guard?

I wonder in the future whether all of your social media gaffes will turn around to bite you on the arse when you attempt to get into a country. The ability to analyse everything in a flash probably already exists. Stay off Facebook, kids.
12653  Economy / Economics / Re: How much are you willing to pay in fees for a Bitcoin transaction? on: February 06, 2017, 06:07:54 PM
I am willing to pay at least 1% of the total amount involved. I think it should be that way so that sending money thru bitcoin will always be cheaper than using other services like money transfer or western union.

You're paying to receive fiat. That's where all of their expenses go. If you want fiat from Bitcoin then you have to dick around with exchanges or meeting strange men in cafes and receiving cash. With WU you pay them all that money to appear at an office halfway around the world with a code and walk out with the cash.

None of my Bitcoin movements are particularly vital but there is a stage where I'll stop using it for anything other than parking value. Anything consistently above 50c would end my spending habits.

12654  Bitcoin / Bitcoin Discussion / Re: Can we trust bitcoin long term with BUcoin type hard forks menacing around? on: February 06, 2017, 05:31:29 PM
If one contentious fork happens then I think it's effectively game over. If a small number of people can do it once, they themselves and others will be emboldened to do it again. If the miners, node operators and businesses and exchanges all go for the same option they like best then it's no longer contentious but I can't see that happening.

This is where the 'experiment' part counts and it's something a lot of people forget about. It's all still being made up as it goes along and anything can still happen.
12655  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 06, 2017, 05:27:18 PM
Long term investment would be much better for us. I'm desperate fr the ETF to be approved but we've been here before haven't we, many times.

I'm sure there will be a reason to reject or delay it again.

They can't delay it any more. It's either a yes or a no by then. The longer it drags out, the more likely a yes as far as I can tell.
12656  Economy / Speculation / Re: ETA for the ETF? (and Gemini Exchange speculation) on: February 06, 2017, 04:42:52 PM
I'd be surprised if it gets approved. I think the most likely reason for it to be rejected is the probability of a contentious hard-fork resulting in competing chains. I really do not see how the SEC could justify approving any Bitcoin ETF with this possibility looming over the industry. It is too bad the DEVs and miners can not find some kind of compromise instead of going to war.

For it to be disapproved it then has to be formally withdrawn I believe. And the SEC doesn't have to do anything to approve it. Ergo the longer it drags on the more likely approval is.

I can't imagine the SEC are drama queens who enjoy dragging things out.

I do agree with you about the possibility of forks and so on but some ETFs based on very shaky markets have been approved in the past without a whimper.

And don't forget that after the COIN ETF, there's another two applications to go. The SolidX one is arguably a better proposition too.
12657  Economy / Speculation / Re: The only way to get rich is by riding the next big alt pump on: February 06, 2017, 04:29:46 PM
bitcoin still has a long way to go, and the expected price in the end is anywhere between 2 and 5 million per bitcoin.

So even if you can just buy 1 bitcoin you'll still be rich in the end.

I for one will be firmly dead or in nappies by that stage. This forum repeatedly demonstrates its inability to think beyond a 5 minute time span anyway. You could either sit around for several decades or take your chances.

The only way to get rich is to create the next big alt pump. Everyone else who participates is largely cannon fodder though enough people should luck out.
12658  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs on: February 05, 2017, 03:17:37 AM
I think it's a good idea to distribute the silver/gold funds to the original stake holders we've waited long enough for them. we could use it to start up supernodes. I definately would start one. We were here from the beginning testing and trying out the kinks on the early versions. We're not goin nowhere
I along with other true believers want to see XEM (our NEM) succeed. So Let start a conversation about silver/gold funds be distributed to the original stake holders at least to those who can still pvovide their tokens. Thanks DEVS for the great work. Keep strong nembers Grin

I really don't see why original stakeholders should be pandered to in any way whatsoever. They've either blown it or reaped the rewards already. It would make NEM look like a closed shop to benefit a small inner circle. It would be like Satoshi handing out his stash to the handful of cpu miners while everyone else looks on in disgust.

 If there is a gesture to be made with those funds then it should be an inclusive one.
12659  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs on: February 03, 2017, 10:55:18 PM
So I am Legend?  Cool

Yes. In the aeons to come you will be spoken of with reverence.


I think it would be very possible to distribute those funds to the original stakeholders, perhaps make a way for people to claim within a 12 month window, but for all those that dumped its pretty easy to see if any of the genesis accounts still contain funds.

What does enriching people who've already been enriched achieve? It should go towards getting new people on board - faucets, promos, contest, advertising.
12660  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs on: February 03, 2017, 09:03:47 PM
How would it be messy and complex? If the silver/gold coin thing dosnt go ahead just send out the fund to the original stake holders just as they did with genesis block

People who failed to redeem coming out of the woodwork again. People who don't have access to their stake address any more having a moan.

I don't think it sends a very forward looking message but I certainly wouldn't object all the same. Original stakeholders should be legends of the past.

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