Bitcoin Forum
June 15, 2024, 10:18:21 PM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 [8] 9 »
141  Other / Politics & Society / Re: 3D printer to be sent to the ISS in August on: June 15, 2014, 06:00:20 PM
Oh noes!  They're going to be printing guns in outer space!!!

Seriously, I wonder what micro gravity will do to the layering.

This is a good question, for sure it will affect the layering in a way or another.

I'm waiting to see how will this work, as I like the 3D printing field.

What do people do with 3D printer?

Is there a commercial use for it?
142  Other / Politics & Society / Re: pentagon-mass-civil-breakdown on: June 15, 2014, 05:58:21 PM
It's called a social "contagion" so that its extermination may be justified.

Not a viable method in a "democratic" country where people can figure things out easily thank to internet.


143  Economy / Trading Discussion / Re: remember Tradehill? on: June 15, 2014, 05:56:14 PM
At some point they were working with IAFCU to provide each customer their own individual bank account linked to the exchange account (so that the accounts were insured). Then something happened, IAFCU all the sudden stopped being so pro bitcoin and TradeHill shut down again.

They said hey had a $10k minimum or something like that, but I signed up and it was never verified.
Posted from Bitcointa.lk - #1fgWJ4qEjox5F2k1

They probably realized getting licences in all 50 states is not financial feasible.

144  Economy / Trading Discussion / Re: Where to trade part of my BTC into $? on: June 15, 2014, 05:52:33 PM
For small transaction, use localbitcoin with escrow.

For large transaction, use one of the main exchanges.
145  Economy / Trading Discussion / Re: Bot or not? on: June 15, 2014, 05:50:53 PM
A coder will not sell his bot for cheap if it is a profitable bot.

146  Economy / Trading Discussion / Re: Concerns regarding buying bitcoins offline(udercover cops) - What do you think? on: June 15, 2014, 05:49:20 PM
Just follow the rules. Limit your nuy and sell to under 1k when dealing locally.

Avoid taking/doing bank deposit crossing state line and you should be fine.
147  Economy / Economics / Re: Capitalism and immorality on: June 15, 2014, 05:45:08 PM
That's what the term means. It's an unavoidable monopoly. You can always go to a socialist country instead if you can get a passport in time before you die.


Monopoly is not unavoidable. If this is the case, counties and dynasty will last forever rather than fade into history and being replaced by a better managed country/dynasty.
148  Economy / Economics / Re: $50k to Invest - Convince Me! on: June 15, 2014, 05:41:15 PM
If this guy is asking an advice from strangers in this forum, how long do you think his money will last?


Is it a must to ask someone I know well "family,friends" to be convinced ?


To be a good investor, he must do his own homework and know the risk and potential payoff.
149  Economy / Economics / Re: Price back to 400$ on: June 15, 2014, 05:36:56 PM
Hi,
Sure price drop is comming to 400$ for sure! I am very optimistic person and i am sure that the price will go back to 650$ and more, but it needs time. Bitcoin will never die! Believe me!
BR
Gondel

Bitcoin function do not diminish regardless of its price. It will work fine at 650 or at 50.


Technically it does, but practically it doesn't: you are unable to transfer large amounts in fiat value. And that is why the price of a bitcoin needs to go up when adoption of Bitcoin increases.

Transaction fee also go up with bitcoin price.

While it might benefit large institution transfer, it will lose the small payment merchant market segment.


 
150  Economy / Economics / Re: How can I get near exact predicitons for bitcoin price in the coming 48 hours ? on: June 15, 2014, 05:33:56 PM
Thank you for the replies.

But what is hedging ?

Normally done by producers to reduce their risk.

For bitcoin miners, they can hedge the price but not the network difficulty.
151  Economy / Economics / Re: $50k to Invest - Convince Me! on: June 15, 2014, 05:29:29 PM
If this guy is asking an advice from strangers in this forum, how long do you think his money will last?
152  Economy / Economics / Re: 140 Years of Monetary History In Ten Minutes on: June 15, 2014, 05:28:01 PM
Interesting but to say that history repeats itself and that the current situation is unstable in the long term is disputable... Bretton Woods, the Gold Standard etc were each different and unique with its own flaws..

Because wise people eventually die off and the youth repeat the same mistakes their ancestors do before becoming wise themselves.
153  Economy / Economics / Re: Solution to poverty - Socialism or Capitalism? on: June 15, 2014, 05:25:53 PM
To have prosperity, we need freedom, property rights, and a social stance that earning money within the rules of free trade is a virtue.

Let it be known, that if some of you commies try to force me from the free market to the extent that my children have to grow up with hunger, sickness and ignorance, I am ready to stop you with forceful self defence.

Historically, communist leaders will kill their own people to weed out opposition voice.

Good luck with your forceful self defense.

154  Economy / Economics / Re: Bitcoin Price Crosses 600$,Rising 34% in one month | CoinDesk | #bitcoin on: June 10, 2014, 09:11:56 PM
Pretty stable around this 650 level.

400 was probably the floor, so anyone investing from here will at most risk 250 per coin.
155  Economy / Economics / Re: If transaction per second increased dramaticaly does it solve miner crisis? on: June 09, 2014, 04:08:05 AM
The miner crisis will not occur for a very long time.

Technology will cause miners to become more efficient in terms of energy consumption. As of now miners are becoming more efficient at a faster rate then block rewards are halving.

a larger number of TX's per second will eventually be a possibility. This will likely happen when then is some kind of economic incentive to host a full node.

Technology already hit a cap on ASIC mining.

None of the miner will really have any incentive to have their miners running to confirm transaction soon.
156  Economy / Economics / Re: ECB slashes interest rate, reduces deposit rate below zero. on: June 09, 2014, 03:27:04 AM
http://www.bbc.com/news/business-27717594

Commercial banks will now "receive" negative interest to the tune of -0.1% from the central bank. The ECB is hoping this will get money flowing. This whiffs of an attempt to kickstart a new bubble to cover over the mess the popping of the last one made to me... Thoughts from better educated minds here?


-0.1 is too tiny.

Doubt anyone will even notice. If they are serious, they should set -2% or more.
157  Economy / Speculation / Re: Bitcoin will plummet to $10 by first half of 2014 on: June 09, 2014, 03:14:44 AM
There were the same haters when bitcoin was less than $1. Now that the price has multiplied by 500x how many of those haters do you think have changed their tune? When the price hits $100,000 and they missed the boat, they will bash bitcoin even more still, because they will be so angry they missed out. Just makes me smile Smiley


If they didn't buy at $1, it is even less likely they will buy when price is this high.
158  Economy / Economics / Re: what caused the rise to $1100 last year? on: June 09, 2014, 03:05:04 AM


The demand of bitcoin largely come from China.

The author of the report is just painting a picture with misleading causation.
159  Economy / Economics / Re: Capitalism and immorality on: June 09, 2014, 02:43:34 AM
There are only so many resources to go around. If you are competing to deny people food and water to raise the market rates, then yes, people will die, just hopefully not enough people to cut into your profits too much. That is what capitalism is all about.


Don't forget competition from the supply side.

Ultimately, supply and demand will reach equilibrium in an ideal system.


What we have today is welfare state which let people breed without giving much thought. Personal responsibility isn't really in the mind of the people.

Expecting free shelter, food, cloth and education for their children is what get the US and Europe into the mess we have today.


This kind of practice is being done by local, both legal and illegal immigrant. Which make me kind of wonder how much longer the system will last.
160  Other / Off-topic / Re: House prices on: June 09, 2014, 02:23:56 AM
Housing prices are based on predatory lending, aka our banks.

We cant buy or afford homes is due to when we our buying ability of dollar value by the time it gets to us, we have to pull out a loan which becomes a never ending cycle.

Cheap credit is largely the culprit.  If there was no sucker who was desperate to purchase the overvalued homes (such as young families), who would be buying the properties off the investors?

If you took cheap credit and mortgages out of real estate, prices would return to historical norm (equivalent to a few years' salary as opposed to decades in the status quo)

1) Young families are usually inexperience. There weren't the only group fall into buying overvalued homes.
2) High price also due to huge population increased in the last few decades.

Pages: « 1 2 3 4 5 6 7 [8] 9 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!