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1421  Economy / Gambling discussion / Re: Would you gamble your (or your child's) school fund? on: December 22, 2016, 11:24:26 PM
Well, I would say that I did this back in 2014. My mother already deposited all the money I need to pay for school for the year and also some allowance for my daily needs. I gambled around half of it on NBA odds. I lost that half. So I lived on really cheap food and really avoided buying anything. I even tried to avoid buying things I need like books just to save money. Was a gruesome year for me, luckily I got through. Wouldn't do that again.

How bout you guys, would you do it?
I ever spent my college fund which effected so bad for my education.
I won't do the same mistake twice, moreover use my children school funds, never ever. Grin
My gambling funds is separated from any other, so I always gambling and lose of course but not affected my life a lot, just another spending on gambling sites.
1422  Bitcoin / Bitcoin Discussion / Re: Oh Fuck! - This asshole published my private key! on: December 22, 2016, 10:00:32 PM
Ive got hundreds of private and public keys from generating vanity addresses and obviously never collided with another address, i wouldn't be too bothered with this list . If anyone's worried about it there's no need. It doesn't actually contain anyone's private key.
Then you are the moron.  It contains EVERYONES private keys.  furthermore, it is mathematically provably true that this list contains yours and everyone else's private keys.

Well, people believe what they want to. So, I prefer don't believe on those site published your private keys.
Million of dollars should be gone by now, but why nobody mention about their loss? Even yourself didn't say, how much your loss because this occurred?
1423  Bitcoin / Bitcoin Discussion / Re: New York Is Losing Its Battle To Regulate Bitcoin on: December 21, 2016, 08:27:33 PM
Seeing the post, I dont see government losing any battle especially when it comes to financial matters what I see is purely a setback in which they will go back to the drawing board and re-strategize because its government and that is what they do. We have given them the power to regulate us and they wont be stingy about using that power even if it means to our dis-advantage.
Totally agree, they were covered the laws by pretend that for consumers protection.
All the government wants are taxes and control everything for their own profits.
For me, it's better to packed up and left, start over again in different country which doesn't hinder bitcoin development with such regulations.
1424  Economy / Speculation / Re: touch down to 800$ is near on: December 21, 2016, 06:28:22 PM
I predict 840$ until Christmas and at least 880$ until new Year

It is already + $840 in the three Chinese exchanges  Tongue
Hope only the other exchanges will follow it and continue the positive rise  Wink
For now its impossible i saw that the price is gradually decrease from the preev price $821 into $818 and i think more decrease will be happen soon.. and i hope we can not experience of large crash this time.. if it will happen i think people will be panic sell..
Yeah, bitcoin price in China exchanges are the highest compare to others.
There won't be any panic sell, people already do daily trading and set certain point to automatically sell their bitcoin.
It's normal that bitcoin price fluctuate but I doubt about large crash in the nearly future, at least until next year.
People will stick to their own style, buy and sell or hoarding, choose your side.
1425  Economy / Economics / Re: Next generation money on: December 21, 2016, 10:56:55 AM
The total majority of Bitcoin holders think of their favorite toy as the next step in the evolution of money (less so for active users). I don't deny the technological innovation in respect to the blockchain and the decentralized nature of how new money is created through mining. With that said, I still don't think that Bitcoin did actually revolutionize the concept of money itself. Gold as money existed long before fiat, and it was "created" in a decentralized way too, so nothing particularly new here as well...

I have an idea what could be an entirely new form of money (actually, it is not my idea), but first I would like to hear from you, guys (and gals), what you think about the truly new money that is yet to be invented or implemented

Some facts about Bitcoin:

1. Bitcoin is unique because it is backed by blockchain.
Blockchain is new concept and we never seen anything like that, it was simply not possible before internet to have totally transparent and ultimate ledger with every transaction stored forever.

2. Bitcoin is different because it is hard capped. FIAT can be created, printed or conjured out of thin air indefinitely. Bitcoin can't.

2. Bitcoin is ultimate money because you can [not] counterfeit it.

These facts aren't enough to make Bitcoin into a revolution in the "money-making"

1. Being unique just as being new won't suffice. I have explained this earlier
2. Gold is also "capped". On the other hand, this alone can be hardly construed as a "revolution", by any means
3. Double-spend and whatever else that I don't even know about
A long way to read all those posts, sorry, I didn't read all of it.
Ok then, I'm agree with you. It's not revolutionize financial economics 'yet' (imho, but maybe bitcoin could in the next 10 years)
Yes, it's a new way of money, new player join in the market that have been controlled by central banks for centuries.
We know all of the idea why bitcoin different from fiat money and banks system as mentioned above and the whole time here.
So, I want to know what the answer? Sorry again if you already said it before.
What the idea that could be entirely new form of money, truly new money??? I thought it has to not depend or affiliates/correlate to fiat money than, if you want to say it entirely new.
Thank you in advance.
1426  Bitcoin / Bitcoin Discussion / Re: Should Bitcoin even have a future? on: December 20, 2016, 05:40:32 PM
YES bitcoin have future since 2012 bitcoin now is getting higher and higher.So do bitcoin is good to invest now because i know in the future many investor can become rich.And bitcoin have a brighter future for the next generation.
Bitcoin had a future since the day after Satoshi turned it on and people started to get involved. It still has a future because the community is still rallying behind it, and there are investors and miners still dedicated to doing their part in the Bitcoin economy. More people are getting onvolved every day to my knowledge, and I am quite glad everything is still moving.

Many people involved in the early years when bitcoin invented, 2009-2010 is the most crucial years of bitcoin rises.
I just thought, how could they believe in bitcoin since the beginning and willing to spend money, time and effort to develop bitcoin.
They are also the luckiest people in bitcoin world imho, since they could bought 100-10000 bitcoin cheaper than current price.
Why we should doubt bitcoin now, if already proven for 7 years what bitcoin and the community could achieve. Just imagine what we can get in the future.
1427  Economy / Speculation / Re: Will bitcoin still be the preferred cryptocurrency after 10 years? on: December 19, 2016, 04:53:02 PM
That is, if bitcoin will still exist after 10 years.  Smiley

the existence of bitcoin is a sure thing, you can't make it disappear. even if everyone stops mining, trading and generally using bitcoin the code is still going to exist on the internet and blockchain in a museum at least by some collector Smiley

Bitcoin had created that way, supported by blockchain technology.
In 10 years, bitcoin will still there, on the network and keep growing and getting bigger market cap.
People will realize how bitcoin could beneficial for them to storing their wealth instead of fiat money.
As the founder said, in 20 years there will either be very large transaction volume or no volume.
1428  Economy / Gambling discussion / Re: Is there a trick dice? on: December 19, 2016, 04:37:01 PM
I believe your trick can work for short time, for long run i doubt it will work, this is just another version of martingale, i ever tried that with 75% winning chance roll 100 times, win for first and second time, the third time I lost 0.018, so there is a chances that it is going to failed, and when we failed in martingale it will be difficult for us to gain back our losses

I don't think even it will work for next around if he repeats it. All these are probability fair games and each time you will get new results so there is no meaning in finding working method because next time you will not get same results due to so many probabilities. Just play for fun and if your lucky then you will make some money or enjoy the fun part.

No one could win in the long run especially against AI gambling sites as they had created to make you lose, I don't buy that word such as provably fair, which one is fair? More people get losses than winnings in every gambling site because that's how they made it in the first place, to gain benefits from players. So, don't bother your time to gambling hoping for profits, it's better be ready to lose.
1429  Bitcoin / Bitcoin Discussion / Re: How the federal reserve will react to the bitcoin growth ? on: December 19, 2016, 04:23:50 PM
Hi, i believe the bitcoin will be the currency of the future
and it's a threat to the federal reserve
but they are not going to just watch their system collapse of course
how do you think the federal reserve will react ?

Bitcoin doesn't threat anything, it's just a currency for a new way to do better transaction over the world.
Yeah, bitcoin has potential to become the currency of the future but not as a single one, there are a lot others currencies in the future.
If you mean that bitcoin would be the main currency, I don't think so, the highest exchange rate maybe.
Federal reserve will issues another regulations about bitcoin that correlate to users taxes imo.
1430  Economy / Economics / Re: More demonitization on: December 19, 2016, 03:06:33 PM
--------------
2. India (banning R2000 & R1000)
----------------
I think its R500 and R1000 notes they have banned and released new R500 and R2000 notes with complete new design.
Yup that is correct, they indeed replaced the Rs500 note and introduced a new Rs2000 note while completely abolishing Rs1000 note. But many people are not happy about this, as the Gov, did this mainly to curb the black money but many people thing the Rs 2000 note just makes it more easier to store black money. Also the implementation of this was very poor, very less new notes were printed and mostly that too only Rs 2000 which is making it impossible for people to get change, its been over a month now but still there are very few new note sin circulation.

The gov always make right decision according to them but not for entire citizens, and many people suffer under the average rates of income. At least economics in India not so bad as Venezuela, these situations make things clear about fiat money.
Fiat money isn't that worth to storing so much due to inflation, which mean the value of fiat money constantly to decreases over time compare to goods prices.
1431  Economy / Gambling discussion / Re: How do you know when to stop? on: December 19, 2016, 11:08:41 AM
When do you stop? Do you have a daily limit or something?
I stop when I want to gambling, the best idea to prevent losing money in the first place. But, sometimes I didn't.
Well, it's hard to stop if I'm on exciting games such as poker or bet on my favorite sport.
I just set some amount that I can afford to lose and stop when my gambling funds run out and don't try to deposit again, at least until 1 week.
1432  Economy / Speculation / Re: is it time to start seriously talking about a $5000 BTC on: December 19, 2016, 08:12:32 AM
The key is stability, BTC has reached $1000 before but never stabilised for a significant period of time.

If BTC stabilised over $1000, I would say it's possible, although other factors are involved and have to be considered

You're right. I wouldn't actually even say we were over $1000 before... it was mostly gox fakery.
Today's ecosystem is much more decentralized as far as price discovery.

Stability in bitcoin affected by bigger market cap of bitcoin which means we need more adopters, more merchants/stores, big companies to adopt and accept bitcoin payment.  The most factor that makes bitcoin price always fluctuate is daily trader, buy and sell. It's a common thing in bitcoin world of course, but we need to pump by increase the adoption and market cap.
1433  Economy / Economics / Re: Loans too risky? on: December 19, 2016, 06:47:48 AM
I know that people give out loans but what's up with people no returning what they borrowed?? I want to know this because I might give out loans myself and I want to know what to watch out for... I have ~800 BTC at the moment and would it be a bad idea to start loaning? I bought my BTC back in 2010 mid August January(when it was about $0.07 per BTC) and I noticed the price went up a ton! Also what would be some other way to grow my BTC? Any ideas on what I should do?

Something I should have added my friend was doing something you guys call "mining" I am very knew to the bitcoin world even though I have had them for a long time. I bought these bitcoin from him because he needed to sell them, my financial advisor has told me that the longer I wait the more return I would get so I told him hold the account for 5 years and ill see where I am... So last July I had gotten my account back, did a bunch of research then found you guys. So I came here to post a few posts and for everyone skeptical this is the proof https://gyazo.com/ee99cef712e9b72f03a3e8e870c33624
Well, that's a huge amount of bitcoin and how lucky you had bought them in 2010 and hold it for 5 years?
I think it's a good evidence of real holder and we know how much we could get in the end of waiting time.
But, I like about the date (February, 2016) and the image proof shown BTC1 = 423.2 9 and this is the end of the year which the price reach $790, almost a 100% increase. Yes, loan is too risky to loss your bitcoin and I recommend to transact with only trusted people on the forum or use escrow, but I prefer to hold your bitcoin for another 5 years. You're a Millionaire man.
1434  Economy / Gambling discussion / Re: Why trading is better than gambling? on: December 18, 2016, 04:18:05 PM
Hey! guys i need your opinion and help because i didn't know about this trading thing i only know about how you can earn bitcoin by gambling but still my friend told me that gambling is not the way to earn bitcoin but if you try trading you will earn much profit why is that so guys? trading is better than bitcoin? how? why? where to find that trading thing?
Because people who have been making profits in trading more than people that have winnings on gambling.
Not entirely true, but as long as I read every post/review about both of them (gambling and trading), occurred inequality.
People says had losses in gambling more than who get winnings. I had to prove it by myself, I lost too.
So, people mind set just like, gambling = lose and trading = profitable.
1435  Economy / Economics / Re: When the dollar collapsed, gold and bitcoin which is the best alternative? on: December 18, 2016, 02:28:34 PM
Gold can be replacing currency if somehow nobody want to used currency anymore to become the transaction tool, bitcoin is not a good option because bitcoin amount is not enough to be used as international currency in large scale

Whether gold and bitcoin are suitable to replace any currency that have been existing until now.
Gold is so valuable and has been used for centuries as medium of exchange which is so precious based on its benefits.
Bitcoin is often called digital gold, we know that bitcoin would be the greatest digital currency in the future and has been proven more valuable over time. There are so many advantages that bitcoin offering to users and already redefined money with blockchain technology.
1436  Bitcoin / Bitcoin Discussion / Re: Bitcoin Is Backed By Time Itself on: December 18, 2016, 12:58:20 PM
At the very root of what makes the bitcoin network tick, is a regulatory algorithm which determines that new blocks of bitcoin will be mined on average every 10 minutes. These ‘uncheatable’ maths which are intelligently constructed by system design, ensure that nothing can alter the predetermined issuance rate, nor the block size halving rate, of bitcoin.

Read The Full Article
Yeah, since bitcoin created to generate through mining process which mean processing bitcoin transaction by miners that use special software to solve math problems and are issued a certain number of bitcoins to put  into new block. Creating new blocks to "earn" more bitcoins than it mean bitcoin regulated by time itself and scheduled just 21 M in circulation, time and limited supply that makes bitcoin worth as time goes on.
1437  Other / Beginners & Help / Re: The safest wallet? on: December 18, 2016, 03:27:22 AM
The safest wallet would only be safe if you secure your computer and keys well. Even if you are only using Multibit Classic but then have taken measures to secure it and use encryption then I do think that hackers will have a hard time stealing from you.

For example you are still using Multibit Classic which is considered obsolete. But you can still secure this.

What you should do is zip the folder that contains all your keys and the rest of the data and put a strong password in that zip file, also do not forget to delete the original folder. That is the first layer. Then use Cryptomator and make an encrypted folder then cut the zip file in there. Make sure you use a different password for your encrypted folder. That is the second layer. The third layer would be the password of your wallet or wallets in Multibit.

If you feel uncomfortable leaving that in your computer then move the zip file containing your keys and all the data in a USB. Also do not forget to make back ups.
With all of those security layer will be enough to be safe? I think so.
Bitcoin security regarding how to storing bitcoin and which wallet or exchanges to choose.
I don't put trust on exchanges, each one of them due to hacker always try to attack them who hold big amount of bitcoin. Bitcoin cold storage maybe safe enough but an issue to them an you will adversity to withdraw yours bitcoin.
An offline wallet seems safer such as electrum and paper wallet to saving bitcoin, but to use an online wallet as daily transaction is okay as long as you are careful and know to be safe.
1438  Economy / Gambling discussion / Re: do you use analysis when play gambling? on: December 17, 2016, 09:43:28 PM
Just want know how much the gamblers who use analysis when play gambling and what kinds of gambling game? And do you think it is needed or not making analysis on gambling game or it is depend on lucky. Thanks for share your opinions and experience.
According to me Gambling Doesn't Depends upon your knowledge and experience and there is no need to do analysis to do gambling and also your winnings always depends upon your luck.
So I Suggest you don't waste your time in gambling activities and do some other business.
Just play and going into gambling without any knowledge, experience and no need to analysis? The result must be too much losses again and again if you just depends on luck so much. Gambling is an option to do for profits or for fun only, if you have good analysis try to bet on sports and you will get winnings obviously.
1439  Economy / Economics / Re: What do you guess about he future of bitcoin? on: December 17, 2016, 08:40:55 PM
Everyone knows that bitcoin is not a stable currency here is a graph :


Do you think bitcoin have possibilities to be more stable in the future ?
What do you think about the future of BTC?

I think that bitcoin will become the world reserve currency , you can save your money and it's a way super secure than everything we can imagine.
The bitcoin now are are being widely accepted and not controlled by government

I agree that bitcoin has bright future as potential major payment method due to everything on money transaction will going towards digital currency and the trend of it has begun since last few years. It can happen in the next 10-20 years later for sure because it's a long time for all entire bitcoin community and users to promulgate bitcoin news to everyone we know and they should realize how profitable it is.
1440  Economy / Trading Discussion / Re: Trading Newbie on: December 17, 2016, 08:00:33 PM
My recommendation about a Exchange site to Trading is C-cex.com.. Yobit is also famous but sorry to say  I am not satisfied with their support system. they are only interested to make more and more money but don't care to their users.

but if you are using Yobit then becareful with:

1: Don't buy a coin which's price is 1 satoshi, yobit charge fee to list any shit coin,
2: Never buy a Coin which is being pumped by a bot. sometime you may see an altcoin is being bought so badly. but if you see the amount of coins you'll this is all happening with the help of Pump bots,
3: Never Store big amount of money in your exchange wallet (this tip is not only for yobit. it is for all exchange sites)
4: Don't send your all coins in yobit in one time. some of yobit wallets are dead and not working. if you send all your coins there you'll probably lost them.. first send few coins and verify that the wallet is working or not.

Good Luck.
Well, I'm not trading expert and still learning too, nice tips you had shared here, appreciate it.
There are a lot of trading sites but why too much people mentioned yobit and yobit again, lol.
To find best trading sites are not so easy because many of the best sites to buy and sell cryptocurrencies are rather recently online.
First thing to consider before you start trading is to find trusted site and do research about how safe are the website and server. Usually a trustworthy exchange providing transparent data of coins in cold storage  and read about reviews from many users, are they like the site or not and why?  You can check Poloniex, shape shift, bittrex, bitsquare or c-cex, do your own research.
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