Bitcoin Forum
June 20, 2024, 12:56:41 PM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 749 750 751 752 753 754 755 756 757 758 759 760 761 762 763 764 765 766 767 768 769 770 [771] 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798 799 800 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 817 818 819 820 821 ... 844 »
15401  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.0 Automated Transactions on: January 17, 2015, 01:51:39 AM
are there plans for burst devs to make block times shorter?  

edit:  i like what i'm seeing in POC and people will be convinced if block times are only a couple of seconds long. i was wondering if this is possible in POC going forward.
15402  Economy / Speculation / Re: Did you make money from the falling bitcoin price yesterday on: January 16, 2015, 03:06:14 AM
Yesterday was a huge day for traders, with many making a lot of money by going short on the bitcoin price and the leveraging to maximise their profits.

We saw a spike in trade volume on the Coinarch website.


Many may have made money shorting Bitcoin, but many made money (myself included) buying at the low prices and banking on a rise.

could be a dead cat bounce tho.  be careful btc hasn't stopped going down since the 1st quarter of 2014.  there were blips and signs of reversals, but still continued going down after.  

15403  Bitcoin / Bitcoin Discussion / Re: What the next step should be. My 2c. on: January 16, 2015, 02:52:23 AM

but the idea is it should be taking after the ideals of crypto.  like how btc started.. from the grass roots.

Who cares what ideals it takes after?  What if it just works really well and kicks ass? 

by work, you mean no counterparty risk and single point of failure, then yes that would kick ass.
15404  Economy / Speculation / Re: Did you make money from the falling bitcoin price yesterday on: January 16, 2015, 02:42:57 AM
still holding fiat from btc sales  at +300.  also holding nubits.
15405  Economy / Service Discussion / Re: Oh boy - I think this is going to be big... Tether on Bitfinex on: January 16, 2015, 02:22:28 AM
Nope.  Just administration of the guarantee (the backing).  Everything else is decentralized.  The token still trades without interference from a central authority.  But unlike bitcoin which has nothing backing it, Tether will have a pot of cash stashed away (with an administrator - hopefully trusted.)  The admin won't be able to manipulate the token.  The high level of auditing will assure the backing is well cared for.

looks good. but how is this different from say ripple and its gateway system?  that could work pretty well enough if you accept tether as a good solution.  

maybe what we need is something like nubits or bit.USD (afaik these two dont have counter party risk), but with a different implementation.  

all in all, a pegged bit.FIAT could be the future.  
15406  Economy / Service Discussion / Re: Oh boy - I think this is going to be big... Tether on Bitfinex on: January 16, 2015, 01:06:29 AM
is it open source?  if bitfinex goes down, will tether be able to continue?
15407  Bitcoin / Bitcoin Discussion / Re: What the next step should be. My 2c. on: January 16, 2015, 01:04:36 AM
I think what we need is a true decentralized exchange all dealing with a decentralized, pegged bit.USD (or any fiat) implementation. Something that the govt. would need to shut the internet down to stop its services.

Save us Cody Wilson, Amir Taaki, Peter Todd.
Tether is now live on bitfinex and traded via true decentralized exchange.  Exactly what you describe.  Go look at Tether/Omni

i'll read into it.

but the idea is it should be taking after the ideals of crypto.  like how btc started.. from the grass roots.

15408  Bitcoin / Bitcoin Discussion / Re: What the next step should be. My 2c. on: January 16, 2015, 12:43:02 AM
bitUSD already exists Smiley

it does yes.  but implementation is key.  people seem to question it.
15409  Bitcoin / Bitcoin Discussion / What the next step should be. My 2c. on: January 16, 2015, 12:39:21 AM
I think what we need is a true decentralized exchange all dealing with a decentralized, pegged bit.USD (or any fiat) implementation. Something that the govt. would need to shut the internet down to stop its services.

Save us Cody Wilson, Amir Taaki, Peter Todd.
15410  Bitcoin / Bitcoin Discussion / Re: Mt Gox CEO Mark Karpeles Implicated in Silk Road Trial on: January 16, 2015, 12:33:51 AM
Most of the big exchangers are the same. That's why they will be closed. The ones from USA like BitPay and Coinbase very soon.
So do you know Tony? He's a great guy and a savvy businessman. And have you been out to SF to see Coinbase. Great location huh?
Now why would these successful companies close? They have tens of thousands of happy customers.  
Because they are ALL outlaw. they are not MSB as it is required.
I mean, other "stupids" must be registered as MSB by paying bonds, taxes, audits, waiting for months to get the license and some "smart and great guys" like this "Tony", NOT.
According to the FINCEN:
" a person that creates units of convertible virtual currency and sells those units to another person for real currency or its equivalent is engaged in transmission to another location and is a money transmitter. In addition, a person is an exchanger and a money transmitter if the person accepts such de-centralized convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency."
It's just a matter of time until all the so called exchangers will be closed.
SilkRoad had thousands of happy customers too. Does it matter? They are behind the bars now.
Do you remember Bitinstant? Bitinstant owner (Charlie Shrem ) pleads guilty to operating unlicensed money transmitting business. Do you want more examples?
What is the difference between BitInstant and Coinbase, Bitpay, Kraken? NONE !

Coinbase follows KYC rules of being a money transmitter whether it applies to them or not.  Bitinstant made the mistake of linking to silkroad.  You ask whats the difference?  Evidently alot which includes a court case and jail time.

Being licensed means that you, as company is supervised by a gov authority. You have to respect MANY aspects as being financial institution.

 You can have as many KYC rules you want. If you are NOT licensed as MSB, you  will be arrested sooner or later.

There XXXX examples of people who received jail sentence for Unlicensed Money Transmitters.

BUT being MSB, you cannot deal with anonymous systems/transactions like Bitcoin. This is the law.

Remember, Bitinstant owner, Bitcoin Foundation's member (Charlie Shrem ) was arrested and HE pleads guilty to operating unlicensed money transmitting business. He will be in jail for 2 years.

How is Coinbase, Kraken or Bitstamp different than Bitinstant? There are NOT so they are facing the same faith.


i think what we need is a true decentralized exchange all dealing with a decentralized, pegged bit.USD (or any fiat) implementation. something that the govt. would need to shut the internet down to stop its services.

save us cody wilson, amir taaki, peter todd.
15411  Bitcoin / Bitcoin Discussion / Re: I want to Buy beer with my bitcoins but... on: January 16, 2015, 12:26:22 AM
You are clearly trolling about the block confirmation time. However merchants selling items priced as low as a single beer should have no issues accepting 0/unconfirmed transactions as the cost to pull off a double spend attack would be greater then the cost of the goods you would be stealing.

As a result you would not need to wait 10 minutes to buy a beer

i wanted him to troll some more.  it is actually an opportunity to advertise the projects you like by talking about it with the trolls.  Grin


15412  Bitcoin / Bitcoin Discussion / Re: I want to Buy beer with my bitcoins but... on: January 15, 2015, 11:58:02 PM
yes. so buy 10 beers at one time.

 i am serious . How will it be entegrated everyday life?

if you're a merchant you should use services like gocoin or bitpay if you want to accept bitcoin.

 will i able to pay momentary via bitpay?

momentary?
15413  Bitcoin / Bitcoin Discussion / Re: I want to Buy beer with my bitcoins but... on: January 15, 2015, 11:54:10 PM
... or if you really want to do it on your own, there's ripple.

but keep in mind, that using the methods mentioned is like having a middle man. you get your btc in seconds, but someone else is holding them for you. 
15414  Bitcoin / Bitcoin Discussion / Re: I want to Buy beer with my bitcoins but... on: January 15, 2015, 11:52:04 PM
yes. so buy 10 beers at one time.

 i am serious . How will it be entegrated everyday life?

if you're a merchant you should use services like gocoin or bitpay if you want to accept bitcoin.
15415  Bitcoin / Bitcoin Discussion / Re: I want to Buy beer with my bitcoins but... on: January 15, 2015, 11:47:24 PM
yes. so buy 10 beers at one time.
15416  Bitcoin / Bitcoin Discussion / Re: How much Bitcoin do you think you would need to hold to become a millionaire? on: January 15, 2015, 11:42:45 PM
at least 1000.
15417  Bitcoin / Bitcoin Discussion / Re: what is the friday's spooky crazy rumor circulating about bitcoin? on: January 15, 2015, 03:23:07 PM
that would certainly be good news.  but wrong timing on googlewallet's part imo.  it's a bear market and all the bs the media has been spewing out on bitcoin won't help.
15418  Bitcoin / Bitcoin Discussion / Re: Fake transactions in the exchanges again? Don't trust your eyes... on: January 15, 2015, 03:16:34 PM
We can speculate as much as we want, we will probably never know, what the real reason was.

It might even be real trading going on, but I did see a corelation between times when the Chinese and Russian people sleep and when they wake up.

Lots of banning of Bitcoin websites in Russia and some talks about banning technology which use cryptography in the UK are having an affect in sentiments towards the furure of the currency in these countries.

Speculators will get jumpy when they see these type of articles in the media and it might trigger a mass panic sell.

This creates a opportunity for the real investors and the people who really know and understand the technology to buy cheaper coins and when they hoard/hodl these coins, the price will go up again.  Grin  



UK will ban bitcoin this year. Russia announced it since September 2014 that they will ban and they just did it 3 days ago. Smiley

If you take a look to the comments from that time, you will notice the same attitude : "it is not possible, these are BS". Well, it was possible.

Bitcoin will be banned or very strict regulations in Europe and USA very very soon. There is an ongoing investigation regarding to all the US exchangers and you will many of them facing charges... Yes, the US exchangers like CoinBase, BitPay, Kraken will be closed

It's not about panic. it is reality. I know the Bitcoin fanatics and those who are earning a lot of money from it, will say "NO, Bitcoin will survive".
Yes, it will survive as technology but not as a payment system.

15419  Bitcoin / Bitcoin Discussion / Re: Bitcoin revealed: a Ponzi scheme for redistributing wealth - Washington Post on: January 15, 2015, 03:10:20 PM
Yeah, I thought she'd be a really wild lay. lol

... i'd have to agree. Grin

Until you get a picture of Gene Simmons or Sonny Bono in your mind while you were trying to crank one home on her and end up puking all over her instead...





hmmmm...
15420  Economy / Speculation / Re: Genuine rise in price, or bull trap? on: January 15, 2015, 02:45:44 PM

exactly...  whatever anyone says, the market will do what it'll do.  even market experts make mistakes.


mistakes?  Experts in trading are right about 60% of the time.   No one knows what the market will do.
This is even more true when you take into account hacks, those are "unpredictable".

or maybe the goxxed 800k suddenly appearing and sold in the market. 
Pages: « 1 ... 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 749 750 751 752 753 754 755 756 757 758 759 760 761 762 763 764 765 766 767 768 769 770 [771] 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798 799 800 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 817 818 819 820 821 ... 844 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!