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1361  Economy / Speculation / Re: I give up on: February 01, 2015, 05:40:10 AM
It's nice what you can dig up with old threads.





Even now at $430, Bitcoin is still a good short

:facepalm: please sell your house and follow your "good short" advice. Maybe we won't have you typing here anymore then Smiley


Why only dig up the negative threads?

Why not dig up the threads of goat buying a Lamborghini
Or that guy who bought the first tesla electric car for btc?

Some people made a killing over the last few years on btc and don't even need to work anymore but only the Few gets a mention thesedays......
1362  Bitcoin / Bitcoin Discussion / Re: Bill Gates and Bitcoin on: February 01, 2015, 05:10:36 AM
Here we have a brief overview of what Bill Gates believes in regards to you guessed it, Bitcoin.

http://gyazo.com/976f1e94844e3013303951b1e914ae13
I just calculated and got a fact that right now bill gates can buy all the possible bitcoins in the world with only his 10-15% of wealth.
Isn't it amazing?



This is wrong for a couple of reasons

First would be, if he buys the entire Bitcoin network what's he going to do, trade coins back and forward to himself?  It would render btc worthless if one person had them all 

Secondly nobody will mine or even keep running wallets for no financial incentive  so the value would plummet and he would lose his investment

Thirdly, let's see him buy them all when they're worth $10k+ each lol

Fourth-they're are plenty of people like myself and Roger verr for example who believe in btc as an ideology and are already wealthy enough  so will not  need to sell their holdings to someone like gates.....

No it wouldn't, it would jack the price up and create no liquidity.

In a situation where bill Gates had all 21 million btc,  who else would want them?

Who would bother running a miner or even a node? There's no incentive...

I think it would kill it tbh..... But it will never happen Smiley
1363  Other / Politics & Society / Re: ISIS threatens to kill 2 Japanese hostages unless Tokyo pays $200 million on: February 01, 2015, 05:07:09 AM
The second hostage seems to have been executed as well.

http://edition.cnn.com/2015/01/31/middleeast/isis-japan-jordan-hostages/

Jordan should execute their Isis prisoners.... And nato should storm that place already and just kill them all, estimated 18,000- 30,000 members is nothing compared to the allied forces and superior weaponry and unlimited funds

Its not like they haven't  killed millions of people in the past  for a lot less - the west is being too civilised to this scum and they are taking advantage of the lack of retaliation 
1364  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think about Ripple? on: February 01, 2015, 04:39:10 AM
Ripple is gay /
1365  Bitcoin / Bitcoin Discussion / Re: briefcase full of cash on: February 01, 2015, 04:34:34 AM
Ofcourse you should do smaller amounts as others have said before however I believe a good way to do it is hit a bitcoin atm a few times with what you have as whilst they may be recorded or w/e they don't have to know who you are.

Some of them record your fingerprints via touchscreen so they will certainly red flag you if you are doing unusually high volumes
Split it up into smaller chunks is the best way and if  possible buy them directly from a mining pools of the owners agree  and avoid the exchanges imo
1366  Bitcoin / Bitcoin Discussion / Re: Block chain size/storage and slow downloads for new users on: February 01, 2015, 04:28:45 AM
It takes days to sync my wallet. It really needs better solution  Tongue

Leave it running and it stays up to date and doesn't use resources.... You don't even notice it in the background of you have a reasonable spec pc
1367  Other / Politics & Society / Re: 85 Richest People In The World Have As Much Wealth As The 3.5 Billion Poorest on: February 01, 2015, 04:27:10 AM
World population is expected to cap at around 11-13 Billion and then recede back to betwen 8-10 billion. Awareness of economic distributions will be much more apparent as this happens. 

What's the time frame for a world with 13 billion people?
Not in our lifetime I would imagine...
1368  Bitcoin / Bitcoin Discussion / Re: McDonald’s might start accepting Bitcoin soon on: February 01, 2015, 04:24:08 AM

Lol so the new type of payment was.... LOVE ?

Lamest thing I've ever heard.

What a load of shit for news ....
If you get a free burger for a hug and some love
Wonder what you get for ejaculating on the cash register 
1369  Economy / Trading Discussion / Re: Rick Rolled by Coinbase, so I went to look at their local beautiful SF office... on: February 01, 2015, 04:13:06 AM
On a serious note,  he does have a case if it can be proven they fabricated some of news.  
(I don't know if the meme type of crap on their site counts for anything though)

I'm guessing some type of settlement will come out of it,  unless coinbase wants to fight it hard.

Will be interesting to see...


It depends on who leaked the  fake news imo

If it was misinterpreted by the media then I guess he doesn't have a case.... A " to the moon" meme is not going to stand up in court

If coinbase said themselves they ARE licenced in nyc or cali then I could see some grounds for responsibility on their part

But it gets even more cloudy because he didn't buy the coins from coinbase anyway if I understand it correctly so how can they be liable for price manipulation of coins on another exchange ?
1370  Bitcoin / Bitcoin Discussion / Re: Bill Gates and Bitcoin on: February 01, 2015, 04:09:38 AM
Here we have a brief overview of what Bill Gates believes in regards to you guessed it, Bitcoin.

http://gyazo.com/976f1e94844e3013303951b1e914ae13
I just calculated and got a fact that right now bill gates can buy all the possible bitcoins in the world with only his 10-15% of wealth.
Isn't it amazing?



This is wrong for a couple of reasons

First would be, if he buys the entire Bitcoin network what's he going to do, trade coins back and forward to himself?  It would render btc worthless if one person had them all 

Secondly nobody will mine or even keep running wallets for no financial incentive  so the value would plummet and he would lose his investment

Thirdly, let's see him buy them all when they're worth $10k+ each lol

Fourth-they're are plenty of people like myself and Roger verr for example who believe in btc as an ideology and are already wealthy enough  so will not  need to sell their holdings to someone like gates.....
1371  Bitcoin / Bitcoin Discussion / Re: McDonald’s might start accepting Bitcoin soon on: January 31, 2015, 07:57:00 AM
That ad doesn't look like it'll be bitcoin.

If it is then... nah.

Plus, if they're randomly accepting it... Of course it wont be Bitcoin.

why could mcdonalds not accept btc  if dell ,microsoft ,newegg and overstock accept it ?
1372  Bitcoin / Bitcoin Discussion / Re: McDonald’s might start accepting Bitcoin soon on: January 31, 2015, 07:28:38 AM
if Mcdonalds decide krypto is good ,KFC and burger king will probably  offer it too .......
this could be a major milestone
1373  Other / Politics & Society / Re: 85 Richest People In The World Have As Much Wealth As The 3.5 Billion Poorest on: January 31, 2015, 06:29:01 AM
satoshi - 1 million btc
Karpeles- 850,000 btc 
pirate  -  700,000 btc
ulbricht - 650,000 btc
winklevoss -210,000btc

btc is not exactly fair either in comparison when you count some of the wealth the major players have or had control off  in some cases
and these are just the ones we know about ,there could be whales out there with as much or more that just keep their info
off the radar

This is just one asset class.
If Bill Gates decides to convert a portion of his wealth into bitcoins, he would be up there as well.
You just have to look at distribution of wealth, not distribution of an asset class.

people say fiat wealth is unevenly distributed ,btc wealth is also very unevenly distributed
whats your point ?
1374  Bitcoin / Bitcoin Discussion / Re: Bill Gates and Bitcoin on: January 31, 2015, 03:52:36 AM
Bill Gates will never support or get behind bitcoin because he has very little control over it

He has said before he is working on a digital payment system for the third world but let's be honest, he wants a bill Gates coin, not a bitcoin
1375  Economy / Trading Discussion / Re: Rick Rolled by Coinbase, so I went to look at their local beautiful SF office... on: January 31, 2015, 03:25:55 AM
Wow, OP, you are such a moron. Good luck with your lawsuit!

(their page did put pressure on the markets to buy and I'm sure their earnings for that night show it.)

A silly teaser page pressured the market to buy? What?

You made a stupid investment decision based on market hype, and it backfired. Now you are just looking for an excuse to sue someone to try to get your money back. If I were to bet, you did not buy btc because Coinbase had the CA license. You just found out that they didn't after you lost your money.

Here are the facts:
1. Coinbase never claimed that they were licensed in CA. They claimed to be licensed and regulated and that they have 15 state licenses (https://www.coinbase.com/legal/licenses)
2. The press jumped to the conclusion that because they supported 24 states, they must have licenses in all states. They didn't bother to even fact check. See link above.
3. Coinbase put up a teaser website to their launch and in the source code they linked the "features" page to a rickroll video to screw around with people who are trying to be clever.
4. Price shot up to $300 after the WSJ saying that Coinbase will launch an exchange.
5. On Monday at 9am EST, they launched the exchange, and the price tumbled to $260. This is a classic buy the rumor and sell the news pattern.
6. On Tuesday, CA released a statement that Coinbase didn't actually have a license. They were correcting the media misinformation. They did not shut Coinbase exchange down as BTC exchange currently does not need a CA license.
7. The price tumbled before the CA news was released. So price had nothing to do with that piece of news.
8. You didn't even trade on the Coinbase exchange. This is based on your claim that Coinbase did not give you enough time to deposit money and your screen shot of losing money in a margin trade, which Coinbase does not have.

So you lost BTC speculating on a news wrongly reported by WSJ and others. And now you want to sue Coinbase, even though you didn't even trade on that exchange. Really? You will have more luck suing WSJ. And it's not like you lost money trading Coinbase stock. You lost money speculating on BTC, which Coinbase has no control over the price.

Here's an analogy:
1) A company announcing that they are opening a license and regulated gold/USD exchange
2) WSJ reported incorrectly that they have a license to do that in CA
3) You bought a ton of gold futures after hearing this rumor
4) You lost a lot of money after gold price crashed for reason unrelated to CA license
5) You now want to sue that company

Good luck!

+1 sorry for your loss BayAreaCoins, but Coinbase didn't convince you to do shit.. best of luck though

It's this actual lost earnings or potential/unrealised  lost earnings?  I think that will be deciding factor in  whether a court would find coinbase even partly response

If they lied then yes they're Rick rolling, if they  issued a vague statement that was misinterpreted by a third party news site then they're probably not rick rolling and the news would be responsible for printing untrue info

1376  Bitcoin / Bitcoin Discussion / Re: BurtW arrested on: January 31, 2015, 01:07:42 AM
everyone who was here at that time  knows he was operating  a ppt for pirateat40 (trendon shavers )
the people 5-6 persons who ran the ppts were at the top of the ponzi and shavers was the "mastermind"  who devised  it  

And again I repeat. Nobody who was here at the time knows anything about BurtW operating a ppt for pirateat40. At least nobody claims to. Well, you claim such. But what is the basis for your claim? I stress here the "for pirateat40" part.

You're making an extraordinary claim of fact, yet you once again conveniently fail to provide any evidence whatsoever.

i know who was advertising the ppts and pimping the ponzi at the time because i was here and watched it implode in real time

Again, whatever you witnessed is not evidence of BurtW operating a PPT for pirateat40. I don't know why you refuse to acknowledge the distinction. From all available evidence the PPTs were independent businesses, not affiliated with nor directed by Shavers. They performed the equivalent of purchasing a product from Shavers, and selling it at a markup to others. To do so does not imply that they knew it was a ponzi.

Again, if you have any evidence that the PPTs were taking direction from Shavers, and indeed that they knew is was a scam, put up or shut up. You stalwartly refuse to provide the evidence you have been repeatedly asked to provide. You appear either dishonest or unwitting due to this simple fact.

Quote
pirateat40 is trendon shavers,thats been proven is court in shavers trial

If there is _anything_ that I have posted that you think indicates I disagree with this, please point it out, so I can clarify.

Quote
they all met in vegas and there is photographic evidence if you bother doing a search

Evidence that they were in the same room, at the same table. I can identify about half those in the pic on sight. Can you? Not that it matters. Physical presence with another person does not prove that all present know the intimate details of each others' businesses.

Quote
believe what you want ,im not going to argue about it but the evidence is splattered all over the place

Again, the evidence of _what_ exactly?

Quote
burtw's wife even confirmed  yesterday he was in the ponzi

"in the ponzi"? Her precise words please? And you know it is Burt's wife because.... why exactly? (Note - not that I dispute that the burtw.com site is  owned by Burt and/or family -- indeed, I am convinced that it is -- but I want to hear your reasons)

Quote
but he apparently didnt make a profit from it ,he claims to have lost coins

Yes, as far as I know, he lost a lot of money in the BTCST implosion.

Quote
but you just keep
flapping away and let the court decide based on the FACTS  they have ascertained

Yes. It is up to the court to make a ruling based upon the evidence presented to it. However, unlike you, I am not making statements of fact about things about which I do not know to be factual. You keep rendering your useless opinion clothed in the garb of The One Real Truth.

open your eyes ,the facts are plain as day for all except those who refuse to see them
youve even confirmed some of the points i made and added your own explainations for them ,maybe i should ask you for evidence .....Smiley
i can also identify over half the people at the table in real life as well as their online handles but as ive already said they helped to run the ponzi ,that much is a fact ,whether or not they knew it was a ponzi is a differnt story ......
let him have his day in court
if he can prove he hasnt trasmitted btc or money without a licence or wasnt involved in the ponzi all  charges will be dropped and i will be happy and i assume burtw will be happy too ..........but im leaning towards he cannot at this time
1377  Economy / Speculation / Re: I'm All In - Sold My House! on: January 31, 2015, 12:27:07 AM
everyone keeps talking about "he will be rich when" "He will be wealthy" blah blah

we don't even know if he kept the coin he could have sold it buy now.

if he was living off of his fathers inheritance and squandered it on bitcoin he would have to sell the bitcoin to make back some money.
Not many people could thug it out in a crack house working at ben and jerry's while they have 600 bitcoin that they sold their home for.

He's got another house and most likely a job as well


he has another house?where is your source?

the original article said " i inherited this house years ago when my dad died ,im am  selling it for BTC because............  "
the house is now  sold for 648 BTC

do you think he posted these posts  from a cardboard box somewhere ?



Alright so in other words you are simply assuming that he has another house. Give me a break buddy,until you have some substantial proof to substantiate your claim button your lip.

Your greatest resource is your logic,when he said "all in" what the hell do you think that meant? He either sold his money took a huge loss,I calculated it already (if you need to revise go do so now before you reply) or is still holding them and living with friends family or maybe he even moved into a studio apartment. One thing is for sure,he doesn't have some "backup" house.

why he dont  have another house  ? youre just making guesses as to where he sleeps now lol
studio apartment
friends couch
hilton hotel ?
anything else? Cheesy


great job at redirecting brad by adding more stupid shit on top of stupid shit.
Obviously I'm not guessing where he lives I already know where he lives and its not in a house he owns because he sold it for bitcoins. It's called a figurative speech you know that stop arguing for the sake of a argument you lost and you are talking out of your ass.

how do you know where the op sleeps or what he owns  ? post proof or your full of shit
your as full of shit here as you are trying to take premature bets on the mayweather v pacquiao thread before the fight is even confirmed
tbh  i think your another filthy scammer ......
1378  Bitcoin / Bitcoin Discussion / Re: BurtW arrested on: January 31, 2015, 12:21:08 AM
everyone who was here at that time  knows he was operating  a ppt for pirateat40 (trendon shavers )
the people 5-6 persons who ran the ppts were at the top of the ponzi and shavers was the "mastermind"  who devised  it 

And again I repeat. Nobody who was here at the time knows anything about BurtW operating a ppt for pirateat40. At least nobody claims to. Well, you claim such. But what is the basis for your claim? I stress here the "for pirateat40" part.

You're making an extraordinary claim of fact, yet you once again conveniently fail to provide any evidence whatsoever.

i know who was advertising the ppts and pimping the ponzi at the time because i was here and watched it implode in real time
pirateat40 is trendon shavers,thats been proven is court in shavers trial
they all met in vegas and there is photographic evidence if you bother doing a search
believe what you want ,im not going to argue about it but the evidence is splattered all over the place

burtw's wife even confirmed  yesterday he was in the ponzi but he apparently didnt make a profit from it ,he claims to have lost coins but you just keep
flapping away and let the court decide based on the FACTS  they have ascertained
1379  Bitcoin / Bitcoin Discussion / Re: BurtW arrested on: January 30, 2015, 06:09:40 PM
He did transmit money without a licence
He did partake in the top level of a ponzi scam

Please cite evidence of both the above assertions. Please also provide your definition for the words 'transmit' and 'partake'.

transmit is the legal jargon they use for swapping btc for cash or vice versa

By that definition, if you have ever exchanged btc for cash -- or vice versa -- you have 'transmitted money without a license'. Have you ever held any bitcoin? Has it all been obtained by mining?

Not so subtle point that seems to have flown over your head: when making assertions of fact, it is wise to be circumspect about that which you claim.

Quote
he is well known for running a pirate passthrough for  trendon shavers of btcst fame

No, he is not well known for running a pirate passthrough for trendon shavers of btcst fame. I won't argue here about his involvement with a PPT passthrough. However, the matter of it being 'for' trendon shavers is most certainly in dispute. I challenge you to support your assertion.

Oh - and when you do, please provide a link to your evidence. Your quote in #150 above is not so supported. While I am unsure, it looks like the quote may be from the so-called 'news' article that is so sloppy and poorly researched that it even claims Burt and Bruce are the same person.

Quote
you must be new here ,learn to use the search function

Ha. Haha. Hahahahahahaha. You so funny.

Quote
and an  english dictionary  would help you a lot :

A basic English dictionary is of little use when parsing matters of legal interpretation. But I'll play along with your juvenile retort.

Quote
partake
pärˈtāk/Submit
verbformal
join in (an activity).
"visitors can partake in golfing or clay pigeon shooting"
synonyms:   participate in, take part in, engage in, join in, enter into, get involved in, share in, contribute to, play a part in, have a hand in, sit in on
"only senior officers are allowed to partake in the negotiations"

So by word substitution, your claim would seem to be that he 'He did join in the top level of a ponzi scam'. Would that be accurate?

From my vantage point, it seems clear that the only person that was at the top level of the ponzi scam that was BTCST was Shavers. Unless, of course, you can prove differently.

Now about that evidence you were going to cite... (Hint: here would be the place to spill the beans...)



everyone who was here at that time  knows he was operating  a ppt for pirateat40 (trendon shavers )
the people 5-6 persons who ran the ppts were at the top of the ponzi and shavers was the "mastermind"  who devised  it 
the unlicenced  money trasmit charge is probably valid in colorado or  whatever state hes going to be tried in

tell it to the judge man ,i hope he can beat the charges but im sure they have some proof so id say his chances are slim
nobody has to spill the beans ,theyre already spilled long ago

1380  Bitcoin / Bitcoin Discussion / Re: Why are merchants not serious about the advantages of Bitcoin? on: January 30, 2015, 05:47:36 PM
Why would you think that?
I think merchant adoption has been stellar, if you consider the vol we have had

the problem with microsoft ,dell ,overstock ,newegg etc is they sell a lot of equipment people dont buy often
i have dell laptops that are years old running 24/7 and i buy an up to date new one every 3 years or so

its things i buy everyday or every month  that are not accepting bitcoin yet ,like fast food ,gas/diesel  ,coffee ,
groceries ,bus ,train tickets,taxis  ,phone ,utility bills

i think when these places catch on we will see a lot more adoption  but in turn these places will have to give something back
to the customer for using btc or they will just use simple cash

discount or reward points of some incentive to buy btc and spend them is what they need ,at least in the beginning they should
give back whatever % saved by not using credit cards and not having to worry about charge backs etc

sales will be final and fraud from stolen credit cards  and chargebacks etc will be zero so there is good incentive for the merchant if they can be bothered
to learn about btc and use it  ....
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