Human fighting for survival against computers is not pure science fiction. Computers are an integral part of our lives now. They can cause catastrophic disasters if they malfunction or infected by a sleeper virus. We are not at the stage where AI can think on it's own, we could be in a few decades.
Imagine we get to a point where a robot society could live side by side with us through artificial intelligence. It could be both catastrophic or the best thing to ever happen to us. I want it to live with a robot run by AI that I can treat like any other normal human being. With that said, I'm hoping for a Utopian future together with machines. You wouldn't like that. If a person goes crazy you have a decent chance to fight him and protect yourself. If a 300kg robot, that doesn't feel pain, goes crazy you can only hide and pray. But I still want to experience that! Haha jk. If that scenario could be prevented, that will be nice. Well not live to see true AI... true AI is something too insane to think off within today's knowledge, I think we aren't even close. But things are getting scary with robots, look at the Petman darpa robot. If that's the case, then I think I wouldn't want to live with robots then.  But if ever true AI technology is invented, we might not be able to see it because me might be as well dead by that point. |
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If you're a whale with 10k+ coins you still need to be able to read the market like a pro and know when the herd will follow you, or else you'll probably lose it real quick.
True. It's hard to control the markets without the proper knowledge about how it moves. If you want to lead the market in your direction, you must first make your herd believe in your movements before executing your plans. |
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Based on this, are other sellers and fellow traders on Localbitcoin wary of tradingg on there ? I see them being in risk of being arrested as well then.
They are ABSOLUTELY at HIGH risk of getting caught in fed sting, sadly too many have the 'it won't happen to me' mentality. Why are the feds going to detain someone who's trading in an exchange? Is buying bitcoin already a crime in other countries?  |
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The testimony was disturbing, and I believe it. To make it a little easier for people to find it, I took their testimony (slightly edited to under 9 minutes, removing pauses, cross talk, and prompting) and made it into a youtube video. https://www.youtube.com/watch?v=lKGWpykL_78It's (well past) time people woke up to what our country has become. Thanks for sharing this one. Shocking to think that this kind of scenario happens not only in our country but is also very evident in other countries. Btw, where is BurtW detained? Does his family know his whereabouts or where he's detained? |
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i'm here simple because i like money , but i like it in the "form of bitcoin", and everything related to it's technology but i want also 100% anon, i hope bitcoin will achieve that one day, because i hate taxes  It will take time, but we will soon get there. People aren't accustomed on using tech to pay for everything they need. Give bitcoin some time and we'll soon get to it.  |
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I doubt you'll even make some profit with cpus. CPU mining is not profitable, so is GPU mining and mining with dedicated miners (ASICS - depends on electricity costs and maintenance costs). Just drop the idea of mining. Try to get some bitcoins by working for it. Better option than mining.
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it's good that they bought at 30% higher price, this mean that current value is somehow safe, and the price will rise by 30% before any dump occur, because of that auction
Can you provide us the link to your claim that the bidders bought at 30% higher price ? As far as I concern, it's just a rumour well yes just a rumor, i read it somewhere in the forum, don't remember know, there was a guy that said it ok here you go https://bitcointalk.org/index.php?topic=960634.msg10679456#msg10679456After the previous auctions took place, I've heard the price was actually lower than the market price. It is bidding after all.. they might have been sold for $100 , otherwise, why would you bid higher then the market price ? (you always have the option to buy off the market..) The US Marshals are less likely to scam their buyers, by that basis alone it would make sense to pay more. Don't see how it's relevant, you have plenty of legit exchanges to buy from without paying 30 or even 10% above the market price. They never payed over the market price imo if anything they paid quite abit under the price or about the same if that was the case that they was willing to pay higher, why would they? I mean they could have just set buy walls and brought what they needed over a week or 2 and paid quite abit less. They paid under market rate and so they should. I'm also quite confused why would the bidders buy beyond the market price when they could have bought it on much lower rates? I COULDN'T GET THE LOGIC BEHIND IT! |
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it usually sells at a price higher than market price.....
Forgive me for being such a noob but why are the coins sold above the market price when those bidders could buy the same quantity of coins in market price? I mean, isn't this such an insane move or am I missing something about their logic? |
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it usually sells at a price higher than market price.....
Im suggesting it sells at around 30% higher, they know they can make a shit ton in the long term and intelligent whales don't want to miss this opportunity. people who were buying those coins are billionaires and can probably wait a little before they start selling those coins but they eventually will, just question which concerns us is when and how fast But unfortunately, we cannot predict because we don't know how much more was the price of the auctioned coins compared to the price of the coins in the market. If only we know how much it was, we can predict when will they probably sell those coins and when will the auctioned coins really take into effect in the market. |
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X-Post from Beginners & Help ( https://bitcointalk.org/index.php?topic=978714.0) mods feel free to delete the other one. Hi, I'm developing a new platform ( https://coindeo.com) and concept that revolves around challengefunding. What is challengefunding? Challengefunding turns crowdfunding on its head. Traditional crowdfunding projects have a project owner who asks the community for funding. Challengefunding has the community pledge funds upfront and requires a challengee to do something before funds are released. More info about my platform, Coindeo, can be found here: https://coindeo.com/about. My platform also allows the funds to be directed to a third party like a charity, so the Ice bucket challenge is an example where people could have used Coindeo to incentivize a celebrity to participate in the challenge. I believe that platform can create interesting social dynamics like how much is it worth someone's time to create a video for charity (and the community) when there is a guaranteed amount of BTC waiting to be donated. Currently, the platform uses Twitter to create bounties, so to participate in this round of testing you'll need a Twitter account. Coindeo itself does not require account creation nor does it require you to "Sign in with Twitter". For this round of testing, I'll fund the first 25 people that upload video of a noob using bitcoin for the first time. Just reply to this thread with your Twitter handle and I'll send you a challenge over Twitter. Here's what you'll need to do in order to claim your bounty: 1) Tweet "address <your btc address>" to @coindeobot 2) Send a Direct Message (DM) to @coindeobot with the text: "claimBounty BOUNTY_NUMBER CLAIMCODE". BOUNTY_NUMBER is assigned to you after I send you a challenge. A link to the bounty details will be sent to you in a tweet. CLAIMCODE is an arbitrary code that you create in order to claim the bounty (must be 8 or more characters). 3) Upload your video. Goto https://coindeo.com/claimBounty/BOUNTY_NUMBER, enter your claim code and upload your video. 4) Wait for video to be approved. @coindeobot will tweet you when your video has been approved. 5) Retweet the "video accepted" tweet. 6) Wait for funds to be release. Additional information about claiming your bounty challenge can be found here: https://coindeo.com/howto#claimingIf you'd like to help test the donation feature, please include the charity's Twitter handle. In addition to the funds being donated to your charity, I'll also changetip you 0.02 BTC after your video is approved. Let me know if you have any questions. thanks! Seems like a pretty good idea to me! This may attract newbies (and some pretenders lol) to join this campaign A fun way to know things about bitcoins. |
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I am going to get between $25-$50 worth of BTC in my signature campaign. I can't decide what to do with it. I could pick up a cheap miner, and mine the crap out of a new altcoin, I could offer loans, I could trade Altcoins, what should I do?
You may just go to a dice game site and try to roll it over. Small amount may become a large one soon. Of course you'd only gamble the amount you afford to lose. Risky. Sure, any investment has its own risks, but this method of growing btc is by far the riskiest. i wouldn't recommend OP to gamble as the chances are high of getting burned in the end. |
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How would I create a Bitcoin tumbler ? Is it legal to have one as long as it would only be used for legal transactions? What would I need to start?
What do you mean by a Bitcoin tumbler? Is it an object that holds water? Or any other thing? I'm confused. |
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Yes, bitcoin is complex for average people.
If we want more people adopt it, the wallet should be more easier to use.
It's not that too complex if you focused on the basics. The wallet is also easy to use though, and I find it newbie-friendly. It's just that people aren't accustomed to it yet. |
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I bought at 245. I sold at 278 and waiting now. I would not buy now in the pump but whatever floats your boat. I always remember myself prices will not go up forever, as well as they will not go down forever. Best of luck.  For whatever it's worth, I'm back in at 270. Imo don't overdo too much buying and selling. Take a position and wait for a month. It requires too much luck to make gains in these small corrections. Definitely. Overdoing such things often result to smaller gains or worse, a loss. Take a stand, wait for whatever will happen, then execute your plans. |
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Hello there! If you need to know the basics, this might be a useful site. This was the first site I've visited regarding bitcoins that really sparked my interest even more. https://bitcoin.org/en/The basics are in there, and there are useful tips and advice within that site that may be of help to you. |
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I think it must be at least 6 figures and beyond to effective control and manipulate the market direction, something above BTC100000. Even with the amount, that only gives you close to about 30 million and if you consider the size of the bitcoin market cap, that is awfully a small number. Plus you also have to consider the on-spot buy/sell order at that time.
A weenie whale, that is. With that amount of BTC, you can easily manipulate small exchanges but not on the big ones. Market manipulators really need to have a deep pocket in order to dictate the market movement. |
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...how many bitcoins do you need to possess? Just curious what people's thoughts are.
It heavily depends on what altcoin do you want to be a whale in. A couple of thousand btc can help you cause some movements in the btc market, but with only a couple hundred, you can manipulate the altcoin scene significantly. |
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At this point it is crystal clear for me that we are going to retest sub 200$ levels before a real reversal. i guess its gonna happen this or next week, before next auction date announcement, once it happens - there will be a solid uptrend to the new ATH due to incoming stock markets crash coming later this year and banking system failure.
How did you say that it is crystal clear to you that we're going to see $200 this week or next week? The 50k auction didn't have that much effect to us, so how come is the $200 level crystal clear to you? o.O |
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One thing is to be critical about development and adoption, the other is to don't believe in Bitcoin. We need these critical voices in this forum and for further devlopment. Otherwise if we agree in all, there is no need for discussion.
Agreed. it is good to see different opinions and beliefs within the bitcoin ecosystem. Seeing that there are the pro and anti groups, that means that there are room for improvements and also for discussions. |
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why are people thinking price will be high? Draper didn't pay enough last time. SecondMarket didn't pay enough this time. clearly theyre all bidding low
because thats what the current chart is showing them.. if the chart says its going down most would probably say its going down, its the end, bitcoin is dead, i told you so... IMO they're posting this for their own advantage thats all.. Charts can show us what is really happening inside the economy but it can never dictate what could happen. It's still up to the users--and not the charts--as to what will happen to bitcoin. |
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