Bitcoin Forum
May 23, 2024, 02:48:36 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 [8] 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 ... 64 »
141  Economy / Services / Re: [OFFER] Logo Design on: March 23, 2014, 03:16:37 AM
Only tomorrow i will do awesome logo for 1 guy absolutely free
You need to post something below, and tomorrow at 5 PM i will choose one at random.org


Count me in, thanks.
142  Economy / Goods / Re: WTB: Guns and ammo on: March 23, 2014, 03:11:05 AM
I have 223 and 5.56 for sale. Pm me  1200rnds for $450+shipping

What type of 5.56?
143  Economy / Economics / Re: Who owns and controls the Federal Reserve? on: March 23, 2014, 03:09:44 AM
It's not really profit, it's like if I gave myself a $1,000 loan and charged myself interest.  The interest I collect on myself really isn't profit, it's just passing from one hand to the other.

The US citizens end up with a huge debt and the Fed makes a huge profit.

It's faux profit.  Who is the profit going to?  The profit is in keeping the interest rates low so the banks make money.  The profit isn't in the interest income itself.

It's not faux profit. It is the interest on printed money, so basically it is stealth-taxed from all holders of the US$, both domestically and internationally.


And who is the largest holder of treasuries?  You cannot make a profit on yourself.
144  Economy / Service Discussion / Re: CEX - Hack in Progress! on: March 23, 2014, 03:04:53 AM

Attack seems to have stopped... at least, the "Failed Authorisation" emails have stopped.

Smiley



Probably moved on to easier targets.  Good for you for using 2FA.
145  Economy / Economics / Re: What is the strongest fiat currency in the world today? on: March 23, 2014, 12:44:49 AM
EUR is currently the strongest (BIG) currency.

All the other Central banks are printing there currency like "mad cows" atm.
Central bank of Europe isnt joining in this ponzi scheme created by all other central Banks.

However Super Mario may eventually start printing too, he was trying to show his balls lately.


Hahaha the Euro?  You have got to be kidding me.  Europe isn't a ponzi scheme?  That's why they let in serial defaulters like Greece, Italy, etc.?  They're called PIIGS for a reason and countries like Germany have to constantly bail them out in order to keep the Euro from collapsing.  What is it 17+ sovereign nations with totally different laws under one currency?  Yeah there's some real strength there  Roll Eyes

Like the USA has the same laws in al states and China isn't devided with seperate rulings in different regions Sad.


Uh yeah Federal laws apply to all states, stupid.
146  Alternate cryptocurrencies / Altcoin Discussion / Re: Cloud Whale investment pool...small group, large investors. Control the market! on: March 23, 2014, 12:42:41 AM
I'm looking to start a group of large investors, 5-15 investors, 3 BTC minimum; who can be trusted to follow a schedule and invest as a group.  Think of it like an investment fund where you keep your own BTC (and your own promises).  I don't want your BTC.  I want to band together to decide when we will control a market on a specific coin; and when we will make moves in coordination.  We don't have to be individually rich to be the wolves of crypto!  PM me to get on the list; I just need your commitment and your BTC wallet so I can confirm your balance.  After that, we'll group together by skype to schedule investments.  I may get haters for this; but I'm all about the markets and profiting for myself and my group.

You're going to control the market by getting 15 investors to regularly invest 3BTC?   Cheesy
147  Economy / Economics / Re: Financial crisis in Ukraine on: March 21, 2014, 10:53:56 PM
The civilized thing, IMHO, would have been just for Russia to offer to buy Crimea. Because everyone knows they sure as hell aren't just going to give up the region, it has way too much invested in it and it's a hugely strategic location.

The US wouldn't like that. They want Russia out of the Black Sea, which would also make it hard for Russia to operate in the Mediterranean and the Middle East (so they can't support Syria and Iran). Maybe even have a US Navy base in Sevastopol and nukes and anti-ballistic missile systems on the Ukrainian-Russian border. It's been the goal of the US to encircle Russia since the end of the Cold War.


I don't know that they would need a base that close, with ICBM's and stealth bombers there's really nowhere in the world that can't be reached by nukes.
148  Economy / Games and rounds / Re: The Game of Trust - Get 0.05 BTC for free on: March 21, 2014, 09:22:44 PM
There is scams like this all the time around here so expecting multiple people to send you .2 bitcoin just so you can get some random idea of how much trust there is on the forum is well ridiculous.  You should rethink this "deal" your offering because is seems likely this is another scam than it is a generous person wanting to test the level of trust on the forum.

This is the problem here ... lack of trust which causes people to suspect a first class scam here.
I would say the only way to find out, is to try? But this is only doable with trust, isn't it?  Grin

And actually ... yes: I was just curious how high the trust is among bitcoin users. Obviously is it below 0  Wink

Why don't you put your money where your mouth is?  Lets see how much YOU trust.  I'm a hero member, been here for years, do you trust me?  I don't see you sending any coins first.
149  Economy / Goods / Re: Come in and Trade Ammo or Talk about Guns! on: March 21, 2014, 09:18:00 PM
Recently put a Noveske upper on my AR-15 with a NSR-11 KeyMod rail.  Man, I love this thing, so much better than a quad rail.  Lighter, thinner, and easy to place accessories.  There's not a ton of accessories out yet but I see this as the future, the 1913 rails are so antiquated and need to go.
150  Bitcoin / Bitcoin Discussion / Re: Bitcoin insurance on: March 21, 2014, 09:11:02 PM
I was curious to know if anyone would be interested in insurance for their bitcoins.  I'm in  just process of starting one here in the U.S.  I have the financial backing needed to pull this off just have to prove to investors that people actually would want it. 

In addition to all the questions already asked, who will do the underwriting?  You?  Or do you have a team of people who understand Bitcoin enough to properly assess risk?
151  Economy / Economics / Re: Hidden Secrets of Money on: March 21, 2014, 09:07:37 PM
The present financial system is made up of entirely credit that cannot be liquidated. The dollar is a debt instrument that has no terms outlined in its redemption. This means it cannot be extinguished. New debt MUST be created to repay old debt under this mechanism. Eventually the system implodes as we have come close to in 2008. None liquidating debt must DEFAULT. The question is just when.

I don't accept your concept of non-liquidating debt.

I don't see why the current debt cannot be extinguished. The Fed has a balance sheet, and debt (the Fed's liabilities) can be extinguished by trading it for its assets. For example, if the Fed wants to remove $1 million from the money supply it simply sells or redeems $1 million worth of assets (bonds) and the dollars that it receives are gone.


The problem is that for every seller, you need a buyer.  Now back in the 40's during WW2, debt was owned nearly 100% by US citizens (via war bonds).  That's no longer the case with China and Japan owning a significant amount.  So essentially you need to look at outside parties in order to sell any significant amount or try to inflate the debt away.
152  Economy / Economics / Re: VISA & MASTERCARD has cut Russian banks. Cardholders cannot access money. on: March 21, 2014, 09:04:09 PM
Quote
The bank added that its own services relating to Visa and Mastercard cards, like withdrawing cash from the bank’s ATMs works fine.

This would have really screwed Russians traveling abroad.  Hopefully these travelers have money in their accounts and not just debt on their credit cards like most in the US.
153  Economy / Economics / Re: Financial crisis in Ukraine on: March 21, 2014, 09:01:23 PM
To be honest I still can't believe whats going on...
waiting for WW3.

You can't believe Russia is trying to reclaim a small peninsula (not an entire country) that is predominantly Russian?  There's logistical problems (like the fact that Crimera gets all of its electricity/water/etc from Ukraine) but they want to be sovereign anyway.  We're nowhere near a WW3 scenario.
154  Economy / Economics / Re: What is the strongest fiat currency in the world today? on: March 21, 2014, 08:57:52 PM
EUR is currently the strongest (BIG) currency.

All the other Central banks are printing there currency like "mad cows" atm.
Central bank of Europe isnt joining in this ponzi scheme created by all other central Banks.

However Super Mario may eventually start printing too, he was trying to show his balls lately.


Hahaha the Euro?  You have got to be kidding me.  Europe isn't a ponzi scheme?  That's why they let in serial defaulters like Greece, Italy, etc.?  They're called PIIGS for a reason and countries like Germany have to constantly bail them out in order to keep the Euro from collapsing.  What is it 17+ sovereign nations with totally different laws under one currency?  Yeah there's some real strength there  Roll Eyes
155  Economy / Economics / Re: Should I go public and accept Bitcoin or Create my own coin? on: March 20, 2014, 07:37:45 PM
I'm launching a company and since Bitfundr closed down I'm looking for alternatives at raising capital, disseminating equity, and finding equity investors.

Theres cryptostocks.com allowing companies to list on their site but I'm not familiar with their process and reviews. Maybe someone can help shed some light on this?

I've also been evaluating different protocols as I like the idea of being able to create my own currency to achieve the same goal, and then I don't have to deal with an exchange.

The concept is:
Create 1M tokens, each token is 1 share or 1 equity stake in the company
Dividends would be distributed through the currency similar to how its described here: https://github.com/mastercoin-MSC/spec#pay-dividends-send-all


Is it better to just list on cryptostocks? Looking for feedback here

I don't understand the advantage over issuing stock.  All you're doing is allowing people to purchase equity in your company.  A lot of Bitcoin users are hostile to alt-coins so I would say sticking with stock is a better option.  The alt-coin market is already incredibly diluted anyway.
156  Economy / Economics / Re: Economist Caution: Prepare For 'Massive Wealth Destruction' on: March 20, 2014, 07:34:12 PM
Good news for BTC, but sorry to see so much suffering ahead.
Is it really? Presumably if there's less wealth, then the value of each Bitcoin would be less as well.

unless that less wealth transfer to bitcoin and it's scarcity takes the value upwards

That's a transfer of wealth, not a destruction of wealth.

Well the people holding US stocks/bonds or dollars may have their wealth destroyed. Completely separate from that, bitcoin could increase in price, which would create wealth with people that own bitcoins.

Rise is price relative to what?  Dollars?  You just said people holding dollars will have their wealth destroyed.  If that's the case, Bitcoin rising against dollars isn't really wealth creation.
Don't be daft. The value of bitcoin is relative to what you can get for it. Dollar, euro, yen and all the rest are just there to make the mental translation simpler. You could price it in lambos if you wanted to.

Don't be obtuse.  A lambo is a rather poor medium of exchange.  Currency is a medium of exchange not a "mental translator."  Maybe in the distant future your idea might come to fruition but right now Bitcoin is tied to fiat, I don't know how you can even deny that.  No one is going to sell you a $1,000 item for 1BTC today but they would have back when BTC=$1,000.  So what has changed in that timespan?  Nothing.
157  Economy / Economics / Re: Our crazy debt system. on: March 20, 2014, 07:29:40 PM
I was curious to where money came from... I googled where does new money come from a year ago and a bit..  The red pill has flipped my view of everything upside down.

Do you guys think the game will come to an end?  I sure hope it does but I do feel horrible for people that thought food, shealter, water and security where worthless and that paper was something of extreme value.  A bunch of my frineds think I've lost my mind and refuse to believe the Bank of Canada, FED, etc are privately owned... Even better was when I was told "there is nothing to worry about america could just pay all it's debt off with gold!"

That was keyboards inside Banks are for....

Money comes form nothing and backed by nothing. Created and used as debt to enslave idiots into paying interest.

National debt - fake money from banks and public pays taxes to pay for the interest. Ever since i did business studies over 20 years ago, i'd asked all lecturers and so-called professors, "Why pay interest to the banks when the government can create the money and spend it without debt hence no interest." All replied, "Doesn't work like that", or something along those lines.

Debts and interest based on fiat money is the greatest scam of human mankind.

You're confusing a singular business entity with government policy.  Your professors should have told you that you pay interest because a bank makes its profit on the spread between what it lends out vs what it pays depositors.  You do realize banks pay taxes too right?

The problem isn't with money creation, the problem is with irresponsible money creation, which is what we currently have.  Businesses and consumers are hooked on debt and cheap debt at that.  It's the duty of each individual nation to address this, not singular for-profit businesses.
158  Economy / Economics / Re: Bitcoin will be unable to break its shell on: March 20, 2014, 07:25:48 PM
The problem with bitcoins are not the hoarders, spending bitcoin like idiots will not change it and make bitcoin become mainstream. What bitcoin needs is easier ways to convert it quickly into fiat money, which is which most people care about nowadays, regardless if you like it or not. If someone who has never heard of bitcoin wants to buy bitcoin today he or she must register in some exchange, send documents, wait confirmation, send deposit, wait confirmation, buy it, and transfer to the wallet. If someone wants to sell it, it is even worse, because the person must also do all this and hope for the money to arrive to his bank account. The real "bottleneck" of the bitcoin economy relies on 2 or 3 big exchanges which all the connection fiat-crypto happens, added to a few spare ATM around the world where people can at most buy bitcoin for a price much above the spot. Take gold for example. People hoard gold, banks probably are storaging a huge fraction of all the gold, but this does not matter to make gold "mainstream", because gold can be bought and sold easily around the world, which is not the case of bitcoin today. You may love bitcoin and have a thousand reasons to defend it like I do, but you all must admit that there is no practical way to trade (and when I say trade it is buy AND sell) bitcoins today and to make it worse one of the biggest exchanges just went bankrupt weeks ago. You may come and give me thousands of small bitcoins business that allow people to trade them quickly (I particularlly don't know any, but I suppose they exist) but that's still the problem - they are small, no one knows them, and that's why bitcoin is still unable to "break its shell". This shell will be broken the day I can buy and sell it quickly and with a huge depth on the buy and sell side.

I agree with what you're saying but it's all baby steps right now.  Sure it's not as convenient as it needs to be to convert fiat to Bitcoin but that's why the infrastructure needs improving.  If you look back even a year ago you can see the improvements and the capital flowing in.  Things won't change overnight you just need to look at the overall trend and decide if it's going in the right direction.  Bitcoin right now is all about foresight, people need to get away from the "early adopter" or "missed the train" mindset, we're still very much in the infancy of Bitcoin's potential.
159  Economy / Economics / Re: Would you spend BTC daily in brick and mortar stores? on: March 20, 2014, 07:22:33 PM
  Hey guys,

  I am doing a project for school and I am trying to determine how many people there are walking around ready and willing to use BTC for some of their everyday expenses.  For instance if you could pay at restaurants, markets, coffee shops, etc with BTC is that something that would be interesting to you?  Please feel free to leave comments justifying your vote as well.  I am looking to find out about people in Canada mainly but interested to hear what the world has to say.

  Also comment here if you know of services that offer this is a option.

  Phad.

Sure.  I see it as no different that paying with cash except it has added convenience.  I'm not in Canada though but I will say that I think it's probably a bigger advantage for Canadians.  There's nothing I hate more than those damn loonie and toonie coins you have, as a guy I don't want 2 pounds of change in my wallet.
160  Bitcoin / Bitcoin Discussion / Re: *Bitcoin For SwagBucks Email Campaign* on: March 20, 2014, 07:20:09 PM
The thing with SwagBucks, I think they probably get a kickback from the vendors they allow you to redeem giftcards.  For instance, you can earn Amazon giftcards but you can also shop Amazon via SwagBucks.  I have a feeling they don't pay $5 for every $5 Amazon GC, there has to be a discount.  You would need to figure out a way that would allow them to payout in Bitcoin and also keep a profit margin.  This is probably why the other sites payout in Bitcoin is lousy.
Pages: « 1 2 3 4 5 6 7 [8] 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 ... 64 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!