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16061  Economy / Economics / Re: Why do people keep saying BTC is dead?! on: March 10, 2015, 02:20:53 PM
Those people who wants to see it fail are probably those guys who have missed their chance and would rather see everybody fail and ended up same predicament as them. I don't see it dead, neither it's dying and I really don't understand how people would come to this conclusion. Everybody has the right to say what they want but do you really want to believe them?

Obviously, no one in their right mind and good judgments will ever believe such ignorance of other people. If you know that bitcoin will indeed succeed, why would waste your time listening to such naysayers when you could probably carry on and ignore those kind of people? The people who listen to those naysayers are the biggest losers in the end (plus if they bought during the hype. $500-$600 Tongue ).
16062  Bitcoin / Bitcoin Discussion / Re: Why PayPal and Bitcoin should partner up. on: March 10, 2015, 02:14:18 PM
i hate chargeback, and one of the reason why i like bitcoin, are the irreversible transactions

so no, they shouldn't, but it could benefits the average joe, who want more security

Chargeback protects the users against fraudulent transactions because if ever the seller got paid but never sent the money, the buyer from the other side would still retrieve his/her money.
16063  Bitcoin / Bitcoin Discussion / Re: Why PayPal and Bitcoin should partner up. on: March 10, 2015, 01:53:44 PM
Maybe the appropriate term is "integrate" and not "partner." Why would a big company "partner" up with a network of decentralized computers in the first place when they could simply adopt the system and use the currency as a payment option? If I'm not mistaken, they are into integrating bitcoin. Smiley

---> https://www.paypal.com/webapps/mpp/paymentshub
16064  Economy / Speculation / Re: Bitcoin Auction Results Thread! on: March 10, 2015, 01:38:01 PM
Third winner.

https://blockchain.info/address/1DPx2UJtwCQ3N8eGiuDoZSCB7x3rAPWcXw

Anyone want to do some analysis?  Not a new address.

Whats the point of the analysis until we know who the winner of that block of the auction is ?
Anyways the list of the winner should be out this week.

the list of winners may never actually be released

Much to my disappointment. I'm also thinking that they will never disclose who the winner/s was/were due to privacy reasons.
16065  Bitcoin / Bitcoin Discussion / Re: 50,000 BTC of auction have been sent! on: March 09, 2015, 07:41:15 PM
50,000 BTC have just been sent! It's clear someone have won the auction. Waitting for further details news.


https://chain.com/bitcoin/addresses/12pCPrWvudnefJCtXQUBcm9z2NogtC3Rix

BTW, the Blockchain.info is down? I cant get access it at the moment.
You know what would be funny? If they screwed up with the sending addresses and mistakenly sent 50000 BTC to some random poor fellow.

That wouldn't just happen. They've seized the coins and they've gotten this far up to the auction just to send it to a wrong address? One word: pathetic. Cheesy

Whoever won the auction sure has loads of btc today. Good buy.
16066  Economy / Economics / Re: Machines and money on: March 09, 2015, 07:35:16 PM
once i've read, that the first thing a machine does, is to create a more powerful/better machine of itself

so a machine will probably make a better bitcoin

So if a machine creates an even more powerful or better machine of itself, then how come you would say that it will create a better bitcoin? Is this machine that you're talking about is bitcoin? Huh
No, just stop it, we'll all die without seeing AI, it will never be a problem for us, the people of the future are the ones that will have skynet problems not us.

Seeing that there is a rapid development in our technology everyday, it is not too far from reality that we may live to see a . Maybe we won't see it in a long time, but we can still see the concepts of it before saying goodbye to this world.

If you mean by a true AI a self-aware machine, this may never happen at all. Not that I'm implicitly referring to an existence of soul and such, but even if we are, nevertheless, able to recreate a self-aware mind in a machine somehow (as we basically do in our children), we may still not be able to understand what self-awareness conceptually is from a scientific point of view.

Let me ask you a question, what is self-awareness from your point of view? I look up into self-awareness as if I'm trying to distinguish what is right from what is wrong. Though I know that I'm wrong in my belief, I would still like to know what is your definition of self-awareness.

You ask too much! I don't think anyone could give you a reliable and comprehensive definition.

Nevertheless, I think it is a physical state or condition (i.e. not a process), a state of matter in a sense (like gas or plasma), but possibly not related to matter as such. This way, it cannot be simulated with the help of a computer, but, nevertheless, can certainly be recreated even without full understanding what it is.

An inquisitive mind is better than a lazy one. Grin If it cannot be simulated with any means, then we cannot see even a concept of a true AI? Seems too boring for me, but I highly doubt that the next generations wouldn't see one, because of, again, the rapid advancements in the field of technology.
16067  Other / Off-topic / Re: If BTC goes to $1000 or more, what would you do? on: March 09, 2015, 07:29:22 PM
I would cry, I have far to much BTC debt at the moment to be able to afford $1000 BTC.. I would like a $100 per BTC dip for the summer if possible. Cheesy

I was in this kind of mindset last week, hoping the price to dip at a range that I consider as an entry point. But the trend seems to be upward right now, and I don't like to complain either.
16068  Economy / Economics / Re: How to earn money with bitcoin ? on: March 09, 2015, 07:20:42 PM
Faucet verry simple earn money with bitcoin  Smiley
And SignCampaign is good for earn money with bitcoin.
And if you have a large capital and want effortless way to buy some BTC and then hold it at the right time you sell .  Smiley


As much as possible, refrain on using faucets as it may caused problems for you in the future.

Quote
Sending less than 0.01 BTC to any recipient — The network considers these small outputs to be “dust,” and discourages them by requiring a fee. If it was not discouraged, someone could take 1.0 BTC, and create 1,000,000 transactions of 0.000001 BTC each, for free, which would clog the network. So, that's one definition of dust.
16069  Other / Meta / Re: New to bitcoin talk on: March 09, 2015, 07:17:03 PM
Hi guys, I'm new to bitcoin talk, and  I just found out they're certain ranks in this forum. from newbie to legendary. currently,I'm a newbie, can you guys give me some tips too "level up" quickly. Thanks alot Smiley

Hello and welcome to bitcointalk!

First of all, this is not a game that you've entered, mate. So the term "level up" seems to be inappropriate, but can be somewhat used. To gain a higher status in the forum, you must make at least 14 posts per 2 weeks, as it will be the determinant of your activity (which is then used to "level-up"). There are no known ways to "level-up" quickly in this forum. You really need to put your time and effort into this and discuss along with the community. Participating in discussions helps you grow your knowledge about bitcoin and its environment, so it is encouraged here to join and actively voice out your opinions regarding any subject matter that you may like to be a part of. Good luck and enjoy your stay in here. Wink
16070  Other / Beginners & Help / Re: How to make money on this forum on: March 09, 2015, 07:12:50 PM
get a signature here ->https://bitcointalk.org/index.php?board=52.0

 and start making constructive post  Wink

Seems to far before OP achieves this. It will take him at least 6 weeks before he could even join one as a member.

Get a laser machine and some bits of wood.

How can this be a method of earning money?
16071  Economy / Economics / Re: A noob question. on: March 09, 2015, 07:10:07 PM
The halving is near, and as many of us know, it will slow the amount of coins "minted" each time the miners find a block. I understand the basic of supply and demand, and I also know that the lesser the supply is, the higher the price. But what if there is a less supply but also less demand on the other side? Would the price still be high as expected? Or will it be low because apparently there are no buyers on the other side of the market?

Confused here. Please help.  Huh  Huh

The halving of the reward is only one factor. Of course if the demand reduces more than the supply then the price will go down.
But the halving means a price increase is more likely (just likely).



As far as I can comprehend (because I am an economics noob) less supply = high price. That was at least what my teachers taught me, but what if less supply = less demand? Would the expected price still high or no? Sorry but I cannot really get it. Huh

Less supply = higher price.
Less demand = lower price.
That's easy with a single variable.

If both supply and demand change then you need to know which changed more.
For example if supply reduces 25% and demand reduces to half then the price will go down.




That did help. I'm slowly gaining some knowledge with this problem in my mind. I've been thinking about it for hours now and I'm quite shy to ask this. Sad Thanks for answering. The help is really appreciated. Smiley



I think you might be struggling with it because you are basically trying to predict the future based on a few knowns today.  Economic forces are not simple matters, and usually if you expect A to happen then B will happen.  There's more to supply and demand than just "supply" and "demand", those two terms are very broad and encompass and number of different elements.

I completely agree. On an economic point of view, the terms "supply" and "demand" are somewhat very broad and complex--incomprehensible to the not-so economist-type of person, including myself.
16072  Economy / Economics / Re: Machines and money on: March 09, 2015, 07:07:50 PM
once i've read, that the first thing a machine does, is to create a more powerful/better machine of itself

so a machine will probably make a better bitcoin

So if a machine creates an even more powerful or better machine of itself, then how come you would say that it will create a better bitcoin? Is this machine that you're talking about is bitcoin? Huh
No, just stop it, we'll all die without seeing AI, it will never be a problem for us, the people of the future are the ones that will have skynet problems not us.

Seeing that there is a rapid development in our technology everyday, it is not too far from reality that we may live to see a . Maybe we won't see it in a long time, but we can still see the concepts of it before saying goodbye to this world.

If you mean by a true AI a self-aware machine, this may never happen at all. Not that I'm implicitly referring to an existence of soul and such, but even if we are, nevertheless, able to recreate a self-aware mind in a machine somehow (as we basically do in our children), we may still not be able to understand what self-awareness conceptually is from a scientific point of view.

Let me ask you a question, what is self-awareness from your point of view? I look up into self-awareness as if I'm trying to distinguish what is right from what is wrong. Though I know that I'm wrong in my belief, I would still like to know what is your definition of self-awareness.
16073  Economy / Speculation / Re: $350 by Sunday on: March 09, 2015, 07:01:54 PM
if the trend continues on for a week, then probably we might see $300 by the end of this week. Steady increases sure help, but apparently there will be some few corrections along the way. Hoping for a $300 per bitcoin by the end of this week because I'm up by quite a bit on my bitcoin holdings. Wink
16074  Other / Beginners & Help / Re: QUESTIONS WITHOUT ANSWERS on: March 09, 2015, 06:58:28 PM
I am reading several topics of different members in this forum to fill my knowledge about digital coins for last 2 days.
My academic background is Biochemistry but unfortunately I served as banker for 10 years & now I'm a teacher of a poly technique institute. So you can say that I've seen lot of people in my life & read a lot of books & articles in various subjects.
I'm getting extraordinary experiences almost everyday for last 3 months after I have come to the world of cryptocurrencies. It is really remarkable.
I'm quoting from a a legendary member of this forum
"Don't ask for a loan.
Don't "invest" in bitcoin, use bitcoin.
Don't "invest" in anything here! Scams are far more common here than the rare legitimate attempt to try something new.

Bitcoin is just money. It's not here to make us rich or get us out of paying taxes. It's not destined to go to the moon, but it might. It's not going to crash to zero, but this is a social experiment and no one knows the future, so it might.

Lastly, don't listen to people. lol.  you are going to see a lot of confident, ignorant opinions here. You would think the future could be predicted? But it can't. Make up your own mind."

So, what you think? Shall I leave this field or without the help of others do everything what my mid says. In the long run become penniless?
 

You could venture deeper in the world of cryptocurrencies if you want to. Seeing that you already have the basic knowledge about cryptocurrencies in general, I'm pretty sure you'll go a long way from here. You can always ask for help, that's what I did when I was still an ignorant Joe about cryptos, but after awhile I managed to cope up with the ever-changing environment of cryptos. I learned to understand the markets, how to read graphs, and how to live  with little to no dependency on banks. Just stay away from scammers and unbelievable investments and you will be fine.
16075  Economy / Speculation / Re: Effect of Ulbricht's 50,000 Btc Auction on: March 09, 2015, 06:42:00 PM
I doubt the winner bid will directly dump the price, must be the winner is understand about bitcoin. My guess is the winner will make the ladder order which sell little bit

The winner will probably hold because most likely he bought above market price and once bitcoin starts gaining traction there will be no reason to sold unless you are mentally deficient.

True. If the winning bidder bought above the market price, then he/she wouldn't sell it off in a much lower price as it will result into a large loss. If he/she is insane, then probably he/she would do just that.
16076  Economy / Economics / Re: Machines and money on: March 09, 2015, 06:40:41 PM
once i've read, that the first thing a machine does, is to create a more powerful/better machine of itself

so a machine will probably make a better bitcoin

So if a machine creates an even more powerful or better machine of itself, then how come you would say that it will create a better bitcoin? Is this machine that you're talking about is bitcoin? Huh
No, just stop it, we'll all die without seeing AI, it will never be a problem for us, the people of the future are the ones that will have skynet problems not us.

Seeing that there is a rapid development in our technology everyday, it is not too far from reality that we may live to see a true AI. Maybe we won't see it in a long time, but we can still see the concepts of it before saying goodbye to this world.
16077  Economy / Speculation / Re: Effect of Ulbricht's 50,000 Btc Auction on: March 09, 2015, 06:22:47 PM

On March 5th, 2015, the United States Marshals Service concluded its second online auction of bitcoins seized from Ross Ulbricht. The sealed bid auction was for 50,000 bitcoins divided into two series. The first series comprised ten blocks of 2,000 bitcoins and the second had ten blocks of 3,000 bitcoins. Bidders had to deposit US$ 100,000 for the first series and US$ 150,000 for the second series. The total number of bids stood at 34 from 14 bidders, and the value of the bitcoins at current market rates stands just shy of US$ 14 million.

The winning bidder will be notified on March 6th, 2014, and will be required to wire payment to the USMS by 2:00 pm, Monday, March 9th, 2015

Source : https://www.cryptocoinsnews.com/us-marshals-conclude-online-bitcoin-auction-ross-ulbrichts-bitcoins/


So what do you think, will be the effect of this on market.
The winner will be disclosed on 9-10 march .
What if the Person dumps those coins ?
Are we ready to take such a big hit?


1. If the person dumps all those coins, then probably he/she lost in this game. Definitely a big loss if ever.
2. Yes. Seeing that we gained value and attention from scratch, I can fairly say that we are ready to face such a big hit.
16078  Economy / Speculation / Re: Sub $200 by Tomorrow on: March 09, 2015, 06:19:04 PM
Dude, do you even know what you're saying? 50k dumped into our faces in one single blow? Even if I'm the auction winner, I would definitely not do that as it will be a loss for me, not an easy profit.


LOL!
16079  Economy / Speculation / Re: We win if BTC does not die on: March 09, 2015, 06:14:33 PM
These trolls, naysayers, doomsday prophets and ultra bears cannot win against the bitcoiners unless btc stops being a viable store of value. Although the price has dropped after a bubble, this does not mean that the bulls have lost. If the price remains at this amount forever then the bulls have won. This is because it is pretty much a miracle that BTC ever took off in the first instance.

What do you mean viable? I think it obviously has value but it's not a very stable store of one, though this instability is what makes it favorable to speculators and the like.

Favorable to the speculators and traders, yes, but the volatility of the price seems to scare of merchants in adopting it. And also, most of the needs of the people are priced and valued in fiat. Eventually, even if the merchants adopted or integrated bitcoin as a payment option, they would still convert bitcoins to fiat--which may then be a cause of fluctuation in price.
16080  Economy / Economics / Re: A noob question. on: March 09, 2015, 06:09:27 PM
The halving is near, and as many of us know, it will slow the amount of coins "minted" each time the miners find a block. I understand the basic of supply and demand, and I also know that the lesser the supply is, the higher the price. But what if there is a less supply but also less demand on the other side? Would the price still be high as expected? Or will it be low because apparently there are no buyers on the other side of the market?

Confused here. Please help.  Huh  Huh

The halving of the reward is only one factor. Of course if the demand reduces more than the supply then the price will go down.
But the halving means a price increase is more likely (just likely).



As far as I can comprehend (because I am an economics noob) less supply = high price. That was at least what my teachers taught me, but what if less supply = less demand? Would the expected price still high or no? Sorry but I cannot really get it. Huh

Less supply = higher price.
Less demand = lower price.
That's easy with a single variable.

If both supply and demand change then you need to know which changed more.
For example if supply reduces 25% and demand reduces to half then the price will go down.




That did help. I'm slowly gaining some knowledge with this problem in my mind. I've been thinking about it for hours now and I'm quite shy to ask this. Sad Thanks for answering. The help is really appreciated. Smiley


i dont care if the price will rise or not but we should definitely make a halving party  Cheesy !

We really should have one! Grin
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