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14041  Bitcoin / Bitcoin Discussion / Re: Election System Based on the Blockchain? on: May 20, 2015, 09:20:41 AM
The advantage of using the blockchain is that it's public and transparent and it cannot be changed or manipulated.
The theory and the vehicle is there, but the application in practice is very complicated.
You will have proof, that all votes entered is counted, but anonymity cannot be guaranteed.  Sad
Good luck, with whomever wants to tackle this conundrum. <Yea, I know my spelling sucks>
14042  Other / Beginners & Help / Re: gambling..its taking me out.. on: May 19, 2015, 10:19:53 AM
Ask someone to create a paper wallet with Bip32 PASSWORD protection. They should do it in front of you, but you have to look away when they enter the password/phrase.
They then store the password for you, but you keep the private keys.
When you want to buy something, and not gamble it away, they could provide you with the password.
Use someone you can trust, that is the obvious part. They cannot access the coins without the private key any way.
How does that sound?
14043  Economy / Economics / Re: Ernst & Young: Cryptocurrencies are a great innovation! on: May 19, 2015, 10:05:41 AM
When wallet providers eventually get it right, security will be a non-issue. The banking sector have the same problems on the client side, so it's nothing new. To top that, they even have problems on the bank side too.
The Bitcoin protocol on the other hand, has to my knowledge, never been compromised in such a way, that people lost Billions of dollars. <MtGox was not a protocol problem> This is something that these huge centralized financial services cannot say.
14044  Bitcoin / Bitcoin Discussion / Re: What Does The CryptoWorld Needs Now? on: May 19, 2015, 09:47:33 AM
We need people to trust the technology and for developers and programmers to develop the other features, like Smart contracts.
The Blockchain has so much more to offer, and we just concentrate on the currency.
Countries will develop their own ripoff versions of the blockchain and Bitcoin as a currency will die. ^Mark my words^
There is no intellectual property rights on the blockchain technology, so it's a Free4All out there.
14045  Bitcoin / Bitcoin Discussion / Re: What the most important things to secure the network of bitcoin? on: May 19, 2015, 09:38:18 AM
Why do you say that? People spending Bitcoin, does not secure the network. The more people or devices doing the mining, secure the network. If we end up with only 1 or 2 big mining farms doing all the mining, we would end up with more problems. I think it's a good thing, and even better, if they can make it profitable for the owner of the device.
14046  Bitcoin / Bitcoin Discussion / Re: How I managed to boost the Bitcoin economy at zero cost on: May 18, 2015, 12:19:16 PM
It will even be better, if we cancel all subscriptions to even our daily and weekly and monthly magazines and inform these people, that we would only re-new it, if they accepted Bitcoin as a payment method.
The companies will only accept BTC if the clients demand for it to happen. ^frustrated^
14047  Bitcoin / Bitcoin Discussion / Re: High Frequency Trading on the Coinbase Exchange on: May 18, 2015, 12:00:19 PM
I will not be able to sleep, if I had to put the future of my money, into the hands of a electronic bot. These bots work on milliseconds, and if your strategy is countered, you could loose everything.
I do see the need for them, and the stability and/or liquidity it can bring to the markets.
14048  Bitcoin / Bitcoin Discussion / Re: Illogic Paradox on: May 18, 2015, 09:22:44 AM
You would be stupid to keep all your BTC in one wallet. Keep those coins seperated in smaller amounts on paper wallets not linked to each other. If you look at my address, you would not see any links to any of my other paper wallets. Just use cold storage for the bigger amounts and you will be safe. ^puzzled^
14049  Bitcoin / Bitcoin Discussion / Re: Use some BTC for good- Support new social enterprise project on: May 18, 2015, 09:10:13 AM
Most people think, when you do the crime, you do the time and everything returns to normal.
This is not true! The ex-offender goes back to the community with a criminal record and a gap in his or her CV.
They start their NEW life, with no jobs or even a opportunity to get a NEW job. When they cannot find a job, they fall back onto crime to survive.
Just put yourself in that position, and see if you would make these same negative comments about this project.
If I can contribute to keep them from breaking into my house or car, I would. 
14050  Other / Beginners & Help / Re: Difference between physical meetups and online exchanges on: May 15, 2015, 08:47:29 AM
These exchanges are hectic my man, apart from a anal probe, they have all my other information. ^Sob^
At a meetup, I can talk to someone and find out more about them. I always bring a friend for safety and they normally double as a witness.
I love people, and I have met incredible characters at these meetups. <From Fans to Fanatics>
14051  Bitcoin / Press / Re: [2015-05-14] ItBit CEO: Bitcoin Can’t Circumvent the Financial System on: May 15, 2015, 08:39:11 AM
We do not want to circumvent them, we want to replace them.
All these outdated fiat rules and regulations should not be forced onto digital currencies. The USA are over-regulating Bitcoin, in an attempt to stop or slow it, but it will still grow no matter what obstacles they place in it's way. Let the countries with Bitcoin friendly legislation prosper!!!!!!!
14052  Bitcoin / Press / Re: [2015-05-14] You can now tip musicians with Bitcoin on SoundCloud on: May 15, 2015, 08:29:31 AM
Just when I thought ChangeTip is dead, they come up with something new. We have to value our artist, without them the world will become boring and dull. ^HeH^
I also hope bitcointalk and Facebook would include a tip widget for tipping. It would help to increase more constructive content. They should have a option to take money, when content is disliked, and you would see a lot less crap on the internet.  Shocked
14053  Bitcoin / Press / Re: [2015-05-13] Nasdaq: Does the Price of Bitcoin Matter? on: May 15, 2015, 08:23:23 AM
Price matter, as size matter  Wink The first thing I do when I wake up in the morning is to check if I have a morning glory, the second thing I do, is to check the price of Bitcoin. ^Ho ho ho^
It's a habit I just cannot shake. ^Ha ha ha^
You have to have some sort of measure to determine the value of your money.
14054  Other / Beginners & Help / Re: signatuer payouts on: May 14, 2015, 11:06:40 AM
That list is also my benchmark for the best deal for my time. Lately I decided to go for stability and not these first come, first serve type of campaigns at the end of every month.
I only receive like $1 to $2 per week, and I am not forced to make a certain amount of posts to be eligible for payment. Talking about Bitcoin is great, getting paid to do it, is a Bonus.
14055  Bitcoin / Bitcoin Discussion / Re: Which is profitable, Dice Site Investment Vs Cloud Mining? on: May 14, 2015, 10:57:49 AM
Great Question
I would come from another angle and that is what carry the highest risk vs reward.
I would rather invest in a operation with a low risk and low reward, than visa versa. Based on that, I would rather invest in Cloud mining. If a gambling operation cannot fund it's own pot, and they need external funding, I would be worried.
At least with Cloud mining you know it's mostly ponzi funded and you could plan for early extraction, if things looks dodgy.   
14056  Economy / Economics / Re: Tax & Hoarded / Hodl Coins on: May 14, 2015, 10:43:37 AM
In my country, I only get taxed on something where I have received financial gain.

It would be good to know what country you live in.

In some countries BTC gains are tax-free and in some countries it's tax-free if you owned them for more than one year.

I think it's not a real gain if you don't convert it, since people don't pay tax on other asset gains (stocks, currencies or commodities) every year without selling them (you still have the risk of the asset price going down)

This is not financial or legal advice. Talk to a tax consultant if you made a significant amount of money.

If Bitcoin is seen as a asset, would we not be able to subtract depreciation or losses from it? I think it's more a commodity and we should be tax'ed in the same way that all other commodities are tax'ed.
The Tax man SHOULD only be allowed to take a piece of the profit or they should take VAT from every Bitcoin purchase, like they do in Estonia. 
14057  Economy / Economics / Re: when there is a fair game online , will the offline market become smaller? on: May 14, 2015, 10:35:32 AM
I have asked the same question from regular gamblers in my area and they responded as follow :
a. The VIP drinks are FREE at the casino, what do I get for FREE when I play online.
b. I like to socialize with REAL people, and I will not get the same experience online.
c. The online gambling sites are not regulated, so I do not trust them to play by the rules.
d. The security of my money is higher at a casino, and the risk of online sites running or me being hacked is higher.

These are the reasons, why people will still use "offline" sites. 
14058  Bitcoin / Bitcoin Discussion / Re: When would be the moment you consider BTC's future is assured? on: May 13, 2015, 10:18:25 AM
When the waiter asks me, "Card, cash or Bitcoin?"
At this moment Bitcoin is a small online payment method, with only 150 000 merchants accepting it around the world. I would feel a lot better, when I see a "Bitcoin accepted here" sticker in every store and super market.
It would also help, if I could pay for gas with Bitcoin. ^grin
14059  Bitcoin / Bitcoin Discussion / Re: Who is the oldest/youngest BTCer you know? on: May 13, 2015, 10:10:29 AM
I am close to 50 and I introduced a whole grade 4 class to Bitcoin, as part of a Entrepeneur's Day.
Most of them are now active Bitcoiners, making money selling root beer and hotdogs. My kids also joined in and they have more coins than I have. ^joke^
14060  Bitcoin / Bitcoin Discussion / Re: How did you do to Earn your coins on: May 13, 2015, 09:58:55 AM
I started off in Bitcoin, when a friend of mine shown me a youtube video on mining Bitcoin. I was looking for some way to earn money online, and this looked like the ideal solution.
I quickly learned that those video's were made during the BOOM time and mining has become a lot less profitable since then.
I now simply buy and trade Alt coins and make some profit from that and also my signature campaign, but that is like a drop in the ocean. $1 to $2 per week ^ha ha ha
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