Here I am, reporting for duty. ^enjoy^

Username: Kakmakr
Member Rank: Sr. Member
Post Count: 573
BTC Address: 1GGimGZqda22MwixTUznd72ddeSwziQJY

Thanks for the invitation.

I just thought about this in the reverse the other day. I like to pay my accounts in advance to build a credit balance for the time when I go on holiday in the Summer. In doing this, I have no hassles when I go on holiday and the bills gets paid from the credit.

If I did this with Bitcoin, I would run into trouble if the price dropped or crashed during my holiday and I would have to deposit more coins to make up the difference from the time I paid it, until the time when it gets deducted.

The opposite is also true when the price goes to the moon. My one payment might be enough to pay for two or three months, if it spiked. ^hmm^

I know exactly how you feel. A few years ago I got into a <network marketing> thing, and I did very well. When I felt it was safe, I introduced my family to it because I received good monthly payment for 13 months and I already reached ROI and made a huge profit.

They entered into it, based on my success and they invested $1000 each. After two months it turned out to be a
very clever Ponzi scheme and they lost almost everything when it collapsed. I took my profits and divided it between them to make up for their loss. In the end, I made the biggest loss of all of them, because I had to re-fund them from my savings.

I did not have to do that, but I felt it was the right thing to do at the time. They think everything I do now, is too high risk for them, and they do not want to listen to anything when I talk about Bitcoin.

I know Bitcoin is not a Ponzi and I accepted that they will never believe me again. I just hope I can prove them wrong with this in the future. My advice to you, would be to discuss the risks involved with any investment before you discuss it with your family or friends. If they know about the risk, they cannot hold you responsible for the loss.
  

I think the entry-level Bitcoiner should be assisted at the point of entry, to make it a seamless experience when they visit the ATM. It is a very complex process when someone try to buy Bitcoin at a ATM for the first time. We need someone to create a central call center, to assist newbies with information and to make entry into Bitcoin safe and easy.

They have to link these ATM's to these call centers like Andreas suggested. In the USA it's too complex to adhere to
all these KYC regulations and this makes adoption too difficult for a first time user.

The miners is a very important part of the Bitcoin network, and they should have a more active role in the Bitcoin development. I am more worried about the control we are giving to the GovCoin groupies for their financial gain.
Let's be objective, without the miners there will be no Bitcoin network.

I also believe they have too much power, but say what you want, we need them to be able to use Bitcoin. The best solution would have been to develop a system where everyone could vote on this, but then the Chinese will win.  

So you think gender has any reference when it comes to money? Man and women both use money, why would Bitcoin be different? I have met a lot of women that use Bitcoin :- example http://olga-star.com/

My wife and daughter also use Bitcoin and most of their female friends. So I do not know why gender needs to be a issue. It is actually wrong to think Bitcoin is only a Man thing, everyone use money. 

The type of Anti-virus you use, does not give you 100% protection against all backdoors or Trojan Horse or key loggers. None of them are 100% safe, even if they say so.

Go to a second hand shop, if you do not have a old computer and buy the cheapest computer you can get. Go to bitaddress.org and save the page as a complete webpage on a flash drive on your primary computer. Then transfer these files to the old cheap computer you bought, and open the file offline. <Do not connect that computer to the internet> Create as many paper wallets as you might need from that computer, and physically destroy the harddrive, after you print it.

If you will not go onto the internet with that computer ever again, you could still keep it, to print more for your friends and family. I got a old computer and a printer from a friend, that they wanted to throw away. So I paid nothing for it.

It might sound a bit overkill, but if you are going to store say 10 000 Bitcoins in a paper wallet... you will not be bothered to spend say $20 on a old outdated computer for this purpose.

Keep the paper wallets laminated and a copy in another location in a safe place.

Strange how things work... Bing incorporate Bitcoin payments if you use it and Google ban you if you use it. They are known to work closely with the spy agencies in America, so I do not use them at all.
In one of the Vice documentaries about North Korea, they visited a IT centre and people were sitting in front of computers, looking busy. The one guy had the Google search page open, but he was just staring at the page.

It's ironic how they would use that to try and fool the American basketball team that visited them. The company that collect all your activity and passing it on to the American agencies.

The important part for this to happen is this :

" For bitcoin to be considered an efficient store of value, the price of it would need to start rising and stay relatively consistent rather than having significant volatility. "

Yes it's price did rise from nearly zero in the early days to where it's now at $200+ but the current investors did not come in at that price. They start investment now, and the price volatility will scare them off now. The Willy bot peak of $1000+ was a once off bubble, and we will not see that happening soon.

We need a slow and steady increase of the price in the long term. ^hmf^

I am also busy with a T-shirt campaign and will release it's pro's and con's soon. It's all about the message guys.
We have very funky prints and people want something funny and fresh. These T-shirts are a bit dull. I would suggest you add a little humor to the design or something serious like, << Bitcoin takes Money digital >>

It's crazy how much stock you have to carry for all the sizes, or do you manufacture on order? We only do the local markets and nothing online, because this is still a kids project from home. < Entrepreneurs Day > 

Care to share how you earned that Bitcoin? To help you, we would need a bit more information:

~ What skills do you have < Graphic design and so on >
~ Any other restrictions other that your age
~ What do you have to sell? <Digital goods like old unused games>
~ How much do you know about trading and stock markets? <Skill level>

Create a short CV to help us steer you in the right direction. <Leave out the personal details for obvious reasons>

The fork thing has really tainted the Bitcoin reputation and in my view it will take some time to recover from that. We need to reclaim the trust relationship from the potential investors, that Bitcoin development is stable and free from any personal reward incentives for a few individuals on the side.

Pay these developers to concentrate on Bitcoin development NOT Blockstream or The lightning Project side shows. 

Well banks are going to use private Blockchain technologies to transfer between banks and also central banks. It's going to be cheaper than the existing services like Swift. <Pro> The <con> will be that they will not be using our Bitcoin Blockchain, but their own privately developed Blockchain Rip off.

Other uses like Smart contracts will possibly disrupt some other services too.   

Yes I was invited to one a year ago, and it took me 3 hours to get there. I walk in there and 26 pairs of eyes turn to me, looking me up and down. I looked like a typical agent with my short hair, so people checked me out from a distance. That is until Alberto, the guy who invited me walked over and asked me if I was Harry <false name>

When I was identified as a friendly, they pushed a beer into my hand, and we talked until the early morning hours. <Reminder: I had to drive back again>

I ended up, staying over at Alberto's flat and drove back the following day. It was a awesome experience and I just wish I lived closer to all of them. I now have more Bitcoin friends than normal friends. Normal, because most of us Bitcoiners are being seen as abnormal beings. ^heh^

Just post on forums and ask if anyone transferred a bunch of bitcoins to the wrong address. Do not mention how much it was and what the address was. Ask that person to send you a PM to discuss the matter.
If you find a likely candidate, ask him to send a small amount to the address again, to prove that it was his bitcoin address. Then transfer the money back to him or her.

I would do that, if I find someone's wallet or credit card on the street. And I have done that before and received a handsome reward for it.

You would want other people to do the same, if it was you. Right?  

If I had as many kids as I have Bitcoins, I would have had to rely on government support to feed them and keep them safe. Or I would have had to sell some of them to afford the rest. ^hmf^
I have no real sentiment towards my Bitcoins, if I need to sell them, they get sold very quickly. I do hodl most of them in cold storage, but the rest is just a tool to get things done.

I would be a bad Bitcoin parent. ^LoLz^

I am not one to advocate regulations, because I feel it is killing innovation but if you have to regulate it to protect consumers or to prevent crime, you just do it with limited restraint. If you go to the extreme, like the BitLicense in New York, you will just close that market and make a few individuals rich.

I just hope they did not scare too much due to the MtGox incident and wants to punish the Bitcoin community for that scandal. Mark is to be blamed for that, not the whole Bitcoin community. ^frustrated^

Can you just imagine where the price would have been, if we did not have the XT drama? I bet we would have once again broken through the $300 price range, because a lot of people are looking towards safe havens during this small China crisis. Mike&Gavin spoiled a pretty good party for all of us.

Now we have noobers panic selling like crazy and speculators running into table and walls. It's actually a little bit funny, if you not one of them. ^hmf^ 

The people telling all these newbies to sell is just greedy. C'mon man, all of you know this will blow over and these guys
would have lost a lot of money. We cannot give sound financial advice here, because nobody has a crystal ball. You can only base your speculative advice on the facts you have in front of you :

~ The Bitcoin price is known for volatility
~ We will have a halving next year, and it will push the price upwards due to a increased rarity factor.
~ The Core vs XT thing will soon be sorted out.
~ The spark for the decline was due to bugs on a exchange
~ The whole economic world is in turmoil at the moment, because China is doing bad.
~ US interest rates are causing doubts in the global financial markets

We need to stay calm, and hold on what you have and buy more if you can. Look at the bigger picture, before you panic.

We need more people to panic, because the price should go down below $200 for us to make a huge profit from these fools. ^joke^ If they cannot see the bigger picture, they deserve to miss the boat.
I am still holding some fiat for the $200 and then I will jump in for the bargain buy of the century, seeing that I
missed out on the early years.

Let's trim the fat off, and keep a level head. The sun will come up again, and it will shine on the brave.