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1561  Bitcoin / Bitcoin Discussion / Re: Are girls using Bitcoins? on: July 12, 2014, 01:34:23 PM
I don't know if it's just random or what but for some reason I've noticed a lot more women seem to be interested in altcoins. Still very few compared to males of course, but seemingly a higher percentage. No idea if that's accurate or not but it has just been my observation.

Maybe those womes you saw being inerested in altcoins were just paid promoters.


Could be actually. I wouldn't be surprised at all now that you mention it.
1562  Bitcoin / Bitcoin Discussion / Re: Will we see a 'golden age' of Bitcoin startups in the near future? on: July 12, 2014, 01:17:02 PM
Aren't we already there? Seeing so much VC capital flow these days....
No we certainly are not. This is just the beginning.  Wink

What is interesting is the potential for regular people to get a piece of the action.

The public isn't allowed to invest in venture capital since you need to be an 'accredited investor'.
1563  Other / Off-topic / Re: What Do Philosophers Do? on: July 12, 2014, 01:15:53 PM
I'm unemployed :\ Doing RMT, want to write books, working on a sci-fiction now...

What's RMT? Real money trading? Only place I know the acronym is from people selling game items for money.
1564  Bitcoin / Bitcoin Discussion / Re: Inside dark wallet on: July 12, 2014, 01:14:56 PM
What is the odd they will succeed and not another hype like darkcoin?

It's a bitcoin wallet, not an altcoin...
1565  Other / Off-topic / Re: Jesus Christ On A Raft!: Kid Dies From Brain Eating Amoeba! on: July 12, 2014, 12:44:26 PM
I've heard about microbes like that in Austrailia but never in the US. Interesting.
1566  Other / Off-topic / Re: Who Wants to go to Dubai with me? on: July 12, 2014, 12:42:52 PM
So many better places to go in the world...

Maybe a weekend in Dubai just to check it out, but it's really quite shit underneath the facade.
1567  Other / Off-topic / Re: Free OpenVPN on: July 12, 2014, 12:37:33 PM
Is there a chance that a rogue vpn can intercept the data that I transmitted?
Of course there is. You can't trust any VPN either.

How is that possible if you're sending encrypted packets?
1568  Bitcoin / Bitcoin Discussion / Re: Are girls using Bitcoins? on: July 12, 2014, 11:48:19 AM
I don't know if it's just random or what but for some reason I've noticed a lot more women seem to be interested in altcoins. Still very few compared to males of course, but seemingly a higher percentage. No idea if that's accurate or not but it has just been my observation.
1569  Bitcoin / Bitcoin Discussion / Re: Bitcoin now is like MP3s were in 1995.. on: July 12, 2014, 11:45:47 AM
I was an AOL warez kiddi in 1995. 11 years old with server rooms in AOL chatrooms. Using different  "progs" to freeze people's IMs and kick them offline. AOL 2.0, bitch.

What a badass I was.

Why am I mentioning this? Because I remember when I was "serving" music in MP3 format in the AOL warez rooms, I also remembered telling people at school how awesome MP3s were. How awesome it was that you could download them for free using "server" rooms on AOL. How it made no sense to ever pay for music, ever.

Nobody ever cared. Nobody ever listened.

..and they're not listening now when I tell them about Bitcoin.

It wasn't until I physically showed them how to download MP3s that they actually started to use it. But once they started using it, they kept using it of their own volition, no further convincing required. It was novel, it was relatively easy, and it was free.

Most people use MP3 today, in some way. Whether they realize it or not.

The same will happen with Bitcoin.

When you tell somebody about Bitcoin in 10 years, they won't look at you like you have 10 heads like they did in 1995 with MP3s.

In 10 more years, people will be talking about Bitcoin the way we talk about MP3 now. It will just be. Except much, much bigger.

Any conversation that I have over 20 minutes in length will result in me showing a person how to download the blockchain app to their phone and me sending them their first Bitcoins for free. I've done this quite a few times. It creates an "I kinda get it now." moment in the minds of a lot people. This is where it all starts.

I finally realized that you can explain to people what it is, what it does, how it works 100 times and they won't get it. You just have to SHOW them. Seeing is believing.

I could be Captain Obvious over here. Forgive me, 2 bowls of Sour Diesel in the past 20 min. I just got this feeling of "I've seen this before." when pondering Bitcoin earlier today.

My advice to everyone? Don't sit down next to me at the sushi bar and start a conversation with me if you don't want free Bitcoin. (Has happened thrice.)

...and don't sit down next to me and pretend you don't know what Bitcoin is, when you actually do, because you want the free Bitcoin Smiley





It seems like a decent analogy. Better than "bitcoin is the new internet" or whatever a lot of people say. New technology operating on the internet that most people don't understand or haven't used yet, but when they see it they know that it's cool.
1570  Bitcoin / Bitcoin Discussion / Re: Inside dark wallet on: July 12, 2014, 11:42:31 AM
Amir almost seems like a child who likes to play with fire. I don't mean to insult the guy or anything, but it's interesting how easily he seems to brush off the potential consequences of his actions.

I mean he could probably justify most of the things he does if he wanted to put some thought in to it. Seems like Cody certainly does.
1571  Bitcoin / Bitcoin Discussion / Re: It's simple: Altcoins are Darwin's 'variations' to progress Bitcoin's evolution on: July 12, 2014, 11:28:37 AM
Alt coins are probably more like the retarded offspring of bitcoin that will die off pretty quickly. Survival of the fittest.

Some of the alt coin do have useful utility. The only reason they are not being used is because people are slow to adapting changes.

Which ones? There might be a very small minority of coins that are useful like maybe less than 1%, but most are uneccesary and don't have anything unique or usueful at all.

NXT, NEM, Monero(and all other notes using CryptoNote technology), DRK, XC, VRC, MIN, BC, Counterparty, Bitshares... I could probably go on.

But you're right that since anyone can automatically launch their own blockchain and call it a coin now for a small fee it's probably less than 1% of all total coins ever made. There's no point in really counting all of those though. The coins that are currently being developed are all attempting to push the boundaries of cryptocurrency technology.

2014(and the end of 2013 since that was when NXT came I guess) has been an incredible jump forward so far with new innovations and new code flying around everywhere. It's pretty interesting watching as an observer to watch the debates about different techs and see who's going to catch on and rise up.
1572  Economy / Speculation / Re: The next crash on: July 12, 2014, 11:19:29 AM
joining as the circle is expanding

Tongue

Yeah, I agree that there is still more potential. Something like Circle is going to be required though to take Bitcoin and present it on a simple level to the average person who isn't going to be handling their own private keys.

For the record I didn't mean Circle the company Wink

Maybe consciously you didn't but their subliminal marketing seems to be working. Tongue
1573  Alternate cryptocurrencies / Altcoin Discussion / Re: rpietila Altcoin Observer on: July 12, 2014, 11:18:06 AM
I already said botnet is exaggerated by DRK liars. My laptop Windows 64-bit 2 core i5 delivers 45-50 H/s when idle and 30 h/s if I am working on it.

My core i7 Linux PC 4 cores delivers 200 H/s using Wolf miner

It is just a simple example to see how slow a botnet-controlled computer is.

On the other hand that makes the above claim of 574 kilohashes all the more impressive and indicative of a large network mining operation.
1574  Alternate cryptocurrencies / Altcoin Discussion / Re: rpietila Altcoin Observer on: July 12, 2014, 10:16:19 AM
How does the CryptoNight algo compare to something like X11/13/15 when used on typical botnets? Is it better suited for botnets than those algos?
1575  Economy / Economics / Re: What about the idea of an inflationary bitcoin? on: July 12, 2014, 08:45:54 AM
Bitcoin will be a heck of inflationary for the next 5 years as is.

it's interesting that many people think short-term (what the price in fiat USD will be next month, next year at most), but at the same time look many years ahead to a far-away cap of 21 million, forgetting that Bitcoin has a double-digit yearly inflation right now and will continue to have it for the next 5 years. The brain conveniently suggests ideas to believe that they can be most comfortable with.

This is true bitcoin is very inflationary
For a few more halvings at least
https://en.bitcoin.it/wiki/Controlled_supply
Bitcoin is technically inflationary while the block subsidies are still in place. However it will often act in a deflationary way as holders of bitcoin generally expect it's value to rise in the future.

I would rather say that up to the present moment, bitcoin is neither deflationary nor inflationary (if we don't take price swings as a criterion for telling between them). In practice, now it behaves more like a purely speculative tool (which it is, at least presently).
Bitcoin would be considered to be inflationary as more bitcoin are created every day.

I read somewhere thatbitcoin inflates at 6% until all coins are mined.   Don't know if its correct

Well there's definitely lots of coins being mined everyday and thus the supply is inflating. I'm not really sure where the 'deflationary' label came from exactly. It will be deflationary in 2140 or whatever when blocks stop giving rewards. If it's ever around by then.
1576  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Kora::100% POS|Qora Clone|Free & Fair ~3k users|issued NXT AE asap on: July 12, 2014, 08:40:25 AM
Just curious. if we receive an offer to buy our stake early, are we allowed to sell it? Or are there rules about waiting until a certain point in time to be able to sell.

I'm not selling. But I heard something that made me curious and thus I'm asking.
1577  Economy / Economics / Re: How high a of a market cap would bitcoin need to have to be 'stable'? on: July 12, 2014, 08:19:51 AM
Stability doesn't have anything to do with market cap, but the distribution of coins.

If the market cap is 1 trillion, but there are still whales with considerable amount of btc then they will be able to crash the markets.

I wouldn't say it doesn't have anything to do with market cap, but that both things are issues related to stability. The larger the market cap the more money it's going to take to move the market on a day to day basis. But yes, someone who holds a large percentage of coins will have the ability to crash the market in most cases unless the buy support is incredibly large.
But when the market cap is higher, people who have the ability to manipulate the price will have less of an incentive to do so as they have more to lose. Also people who have existing amounts of bitcoin would have less incentives to try to crash the price as they now have a lot more to lose.

Right. Unless they receive some non public information or early public information that might want to cause them to sell all their coins at once.  Like some sort of government crackdown or major technical issue. If they feel that they would lose more by holding then that's one situation where they might have more to gain by unloading all their coins at once.
It would not just be from non-public information, it would be any potential negative information that would cause people to wish to sell bitcoin. The thing is that by the time bitcoin would get to be at a level that is "stable" the vast majority of these issues would likely have worked themselves out.

Yeah, hopefully. But there is always going to be some risk just as there is in any technology or any endeavour for that matter.
1578  Alternate cryptocurrencies / Altcoin Discussion / Re: BitMark funds raiser on: July 12, 2014, 08:16:55 AM
As I said in the other thread, that is very generous of you!

Good to see people stepping up to support the project.
1579  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Bitmark on: July 12, 2014, 08:16:19 AM
In the last few days, I have read all post, and have participated as much as I can.  Yet I can do more.  While I do consider myself a geeker, I do not know coding on the level that I would like. Having said that, by nature, I am an entrepreneur.  It is this nature that lead me to bitcoin and crypto currency in the first place.  Since the beginning of 2013, I no longer accept government fiat for my online product/service offers.  You might call me one of the crazy risk takers, yet I have chosen to be among the very few online merchants that is crypto only merchant.   It is slow, yet a greatly rewarding choice.  I do believe in this bitmark community and the concept at large.  In order to help the bitmark foundation, I propose to offer 20% of my online sells profits to the bitmark foundation, in the effort of support and future growth.  These transfer will occur on a monthly basis.  In all intent, consider this a funds raiser.  I am not a wealthy man, but I do have vision, and a positive outlook for the future of us all.  Here is the link to my site. http://jaysjerkyandgoodies.auctivacommerce.com/ 
I would appreciate any thoughts on my offer.  I have started a thread for the discussion.  https://bitcointalk.org/index.php?topic=687410.new#new

Sincerely in support of Bitmark project

Jay


Wow, that is very generous of you. I wish you success with your business.
1580  Bitcoin / Bitcoin Discussion / Re: Will we see a 'golden age' of Bitcoin startups in the near future? on: July 12, 2014, 06:16:02 AM
golden age yes, but with alot scams  Tongue

Second or Third golden age with less scams than the first and second had XD

GLBSE Era ---> Mtgox Era??? --> Actual corporations era.

Woah, if the GLBSE era was a golden age then I think we have a different ideas of what constitutes a golden age. Tongue

But yeah, hopefully less scams this time around. Hopefully the community will be a little more diligent.
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