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1561  Other / Off-topic / Re: So who can limit themselves to just looking at the price ONCE a day? anyone? on: April 03, 2013, 07:21:44 AM
So who can limit themselves to just looking at the price ONCE a day? anyone?

I'm also watching my bank account balance, but this is more fun right now.
1562  Other / Beginners & Help / Re: How do you turn BitCoin profit into more Bitcoins without cashing out? on: April 01, 2013, 11:25:49 PM
Quote
AmericanGreed

Relevant username.

Making money out of money without providing work, a service or a product is gambling (sometimes called speculation). Be careful with that - you'll be very annoyed if it doesn't work as expected.
1563  Local / Off-Topic (Deutsch) / Re: Plus500 on: March 31, 2013, 07:12:20 PM
Ich sehe zwei große Vorteile:
 - automatisch wird Bitcoin damit für alle Plus500-Trader "präsent"
- "normale" Menschen finden Bitcoins damit vertrauenswürdiger wenn Sie erfahren das auch bestehende Broker auf den Zug aufspringen.

Nachteile:
- automatisch wird Bitcoin damit stärker an instabile Währungs- und Handelssysteme gebunden.
- Die Website hat einen miserablen Ruf unter "normalen" Menschen.
1564  Local / Off-Topic (Deutsch) / Re: Darf man Silkroad nur ueber Mundpropaganda verbreiten? on: March 31, 2013, 06:59:19 PM
Ich frage mich ob es legal wäre flyer zu drucken und zu verteilen ( umsonst!) mit infos zu Tor, Orbot und den .onion adressen um auf SR zu kommen.

Frag dazu lieber einen Anwalt. Ich denke mal, dass du vor allem in Schwierigkeiten geraten könntest, wenn du dabei auch noch Bezug auf illegale Aktivitäten nimmst, was einen Großteil der Geschäfte auf SR ausmacht.
Über Tor wissen gar nicht wenige Bescheid, allerdings wird es oftmals achtlos verwendet (selber Benutzername, selbe Bitcoin Adresse oder andere Dinge die Rückschlüsse auf die Identität zulassen) da viele Leute der Ansicht sind sie können ihr Gehirn abschalten wenn Tor läuft.
1565  Local / Trading und Spekulation / Re: BTC/LTC/NMC/USD/EUR Trading Rechtslage on: March 30, 2013, 03:09:10 PM
Ach ja, noch eine Information aus persönlichem aktuellem Anlass: Wer beim FA einmal Spekulationsgwewinne angegeben hat, steht in den folgenden Jahren unter verstärkter Beobachtung, da dies ein Bereich ist, wo die Behörden nicht dauerhaft den Finger drauf haben. Damit kann man sich in den Folgejahren der besonderen Aufmerksamkeit der Beamten und vor allem der computergestützten Auswertung sicher sein.

Ist bei mir nicht möglich, da ich keine Gewinne in Form von Euro mache, welche ich da angeben könnte. Finde auch keine Bitcoin Adresse an welche ich Steuern bezahlen könnte.
1566  Other / Beginners & Help / Re: Bitcoin: The Digital Kill Switch on: March 29, 2013, 10:19:52 PM
he knew you guys were gullible enough to fall for it, and he was working for the power elite.

Source? (being paranoid is not a reliable source btw.)
1567  Other / Beginners & Help / Re: Bitcoin: The Digital Kill Switch on: March 29, 2013, 09:45:27 PM
I am alleging the cartel will come, because monopolies make profits by extracting rents, e.g. they can increase the prices of products the customers are buying everywhere, just like how credit card fees are opaquely passed on to the customer and the customer does not care (because they don't know and they get to buy their junk).

Even if you argue the monopoly won't come (which I strongly doubt, since they always do), it is better to make a P2P currency that does not have this design flaw that exists in Bitcoin, so then we can be SURE it won't come.

In my design for a P2P currency, you will forever make money on mining. In my design, it would be impossible for the cartel to make mining free.

You can never be sure that there's no flaw in a system - if you are: it's already flawed. And there's no such thing as a "perfect monetary" system. If you don't want wealthy people to buy your currency you basically need to find them and kill them, but that costs too much…
1568  Other / Beginners & Help / Re: Bitcoin: The Digital Kill Switch on: March 29, 2013, 09:04:31 PM
Even if that were true that it is cheaper in some parts of world, it doesn't make it free, which is what you will need to compete with a cartel giving away mining for free. You will earn 0 from mining. Plus you have your hardware costs.

It doesn't make it completely free, but much cheaper and most importantly independent from price changes on electricity. Where's your cartel that is "giving away mining for free"? It doesn't exist. There's not a single bank that doesn't charge any fees. Make your cartel and see how "profitable" it is  Roll Eyes
1569  Other / Beginners & Help / Re: Bitcoin: The Digital Kill Switch on: March 29, 2013, 08:58:43 PM
You don't realize that investing in PV is economically worse than renting electricity from the utility.

You don't realize that nobody can manipulate electricity prices if you produce it and in the long term it's cheaper in some parts of the world.
1570  Other / Beginners & Help / Re: Bitcoin: The Digital Kill Switch on: March 29, 2013, 08:52:30 PM
@chmod755: AFAICS apparently you entirely missed the point of the OP as to the technical threat. Please try re-reading it.

Why did you even mention other things if you didn't want to hear comments about them? Of course the risk of a 51% attack exists and building it up slowly is possible. I'd advise every miner who paid off the rig and is making some BTC now to invest them in something like photovoltaics (or anything else that produces electricity) to keep the risk of "going bankrupt" in mining at almost 0%.
1571  Other / Beginners & Help / Re: Bitcoin: The Digital Kill Switch on: March 29, 2013, 07:59:37 PM
Quote
Notably 50% of Bitcoin's future money supply was issued to the founders and early adopters in first 4 years ended 2012, and by 2016, 75% of the 21 million coins will have been created. By 2020, 87.5%. By 2024, 93.75%. By 2028, 97%.

I had more coins back then. It's not like everyone who started using it in 2010/2011 knew that it would be successful. Those who mined had to pay for GPUs and electricity too…
The first people who started using gold or anything else to pay for something had the same advantage (btw.: they're all dead now - and I don't think we'll be here forever). Back then nobody ever imagined that we could ever go to outer space or create virtual currencies.

Quote
Gold's money supply is always increasing forever (we can mine it in outer space if we run out on earth) and the rate of nominal increase every year is also increasing. Bitcoin and Litecoin are geometrically decreasing the rate of increase of the money supply and will terminate production of new coins at 21 and 84 million respectively. Some people think this makes them even better than gold and silver.

That's true, if we'd really get to a point where it's 100% hoarded and not being used to pay for products & services I think it would collapse. But we could change it e.g. to 1 BTC = 100,000,000,000 units in case it's not enough Wink

There's also the question if it's worth to start mining it in outer space…
1572  Other / Beginners & Help / Re: Can the government shut down BitCoin? on: March 29, 2013, 05:36:01 PM
- snip -
80% of BitCoins are located in one site MtGox
- snip -

Actually less than 10%…

any... blacklisting at the Internet service provider is very possible

A government could temporarily 'block' it, but there are even people behind the "Great Firewall of China" using it so they'd have to do it like North Korea (ban almost everything - no internet access for most people)……
1573  Other / Beginners & Help / Re: Is Butterfly Labs a ponzi scheme? Here's why I think yes. on: March 29, 2013, 03:31:21 PM
Is the whole world a ponzi scheme? Here's why I think yes.

Both banks(FED and ECB) use customer money to fund their bankster wallets. That's a risky scenario in itself.

Is it a ponzi scheme? That's debatable. It might be a sort of ponzi scheme, here's my logic:
1. Old people pay in the first money
2. Young people add more money because of the money the old people already put
3. Bank uses young people dollars to process old people refunds since they already spent the old people's cash.
4. So the result is young people paying for the old ones to get out at no profit. The only difference between that and Bernie Madoff is at least his ponzi scheme made some people money..   Tongue
1574  Economy / Gambling / Re: New BTC Found on: March 27, 2013, 07:30:11 PM
@chmod755, of course there is not any information.  This organization is 100% anonymous. You are using bitcoins, are you, all transactions in bitcoins are safe and anonymous, same all dealings inside GBBG, can't you make the connection lol? 

Anonymity = namelessness, but your username is globalvillage. Please tell me more about anonymity and why people should trust 'Merry Makowski' when she's trying to get dirty rich with our bitcoins.

Quote from: signature globalvillage
I Plan To Get Dirty Rich With Bitcoins — Care To Join Me?
1575  Bitcoin / Bitcoin Discussion / Re: The Bitcoin Relationship Thread: G/F, Wife, Significant Other...etc... Tales... on: March 27, 2013, 07:16:02 PM
Anyone else ended a relationship over BTC? haha

Nope, but I started earlier, because a relationship ended.

Just out of curiosity, are there even any women on this forum? lol

There are only a few, because… uhm… we don't sell shoes here?  Roll Eyes
1576  Other / Beginners & Help / Re: Bitcoin for the Porn industry on: March 27, 2013, 06:44:42 PM
How long until the internet's largest industry starts adopting bitcoin payments for live-chat sessions etc?

classycams.com ?
1577  Economy / Speculation / Re: Google Search Terms: "Gold" vs "Bitcoin"...future value indicator? on: March 27, 2013, 06:22:35 PM
You should try it with something like 'buy gold' / 'sell gold' vs. 'buy bitcoin' / 'sell bitcoin'

Generic search terms like 'gold', 'silver' and 'dollar' are bad, because there are different ways to use them:

e.g. gold/silver membership, USD / CAD / AUD / NZD / KYD

and 'bitcoin' only could be used by someone who actually 'hates' it Wink
1578  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: March 27, 2013, 10:34:22 AM


Someone with all the money in the world wants to buy in  Shocked

oh my sides. How awesom!

Thanks for the rally Barclays!

All the world's GDP: $69,970,000,000 (we could all just receive a paycheck from him for a year and do nothing)

I don't know what numbers you are using but I think you forgot 000....  69,970,000,000,000 ($69.97 trillion)

...some central banks are printing much faster now! Could be more like $100,000,000,000,000 for 2013...
1579  Economy / Economics / Re: this is a bubble. on: March 25, 2013, 04:46:12 PM
The value could be 100 now and it is a real value because that's what people are willing to buy it for.

You can't say that, because there are currently more people willing to sell BTC below 100 - even if some people are willing to pay 100, 1m or more it doesn't mean that everyone agrees with it (e.g. some miners are probably selling at this price)
1580  Economy / Economics / Re: this is a bubble. on: March 25, 2013, 03:02:41 PM
Have you seen the volume in recent weeks?  The ratio of price increase vs. volume is very different than back in 2011. It may very well be sustainable, depending on the thinking of these new buyers.

Exactly. I asked gribble about it:

Quote
<chmod755> ;;eightball are we in a bubble?
<gribble> About as likely as pigs flying.
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