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1701  Other / Politics & Society / Re: Jeremy Clarkson suspended from Top Gear on: March 11, 2015, 10:18:23 PM
Sounds like a fair move if the claims are true.

If he's making racist comments on the air or while working his company definitely has the right to let him go.
1702  Other / Politics & Society / Re: Who is the most powerful politician? on: March 11, 2015, 10:15:41 PM
Xi Jinping.

Although Putin acts like it with his hit mob activities.

Xi Jinping leads the world's most populous nation and likely owns the most of the US debt.
1703  Economy / Services / Re: Need someone to make constructive posts on my accounts on: March 11, 2015, 10:12:32 PM
That's $25 a day at current BTC prices for a hell of a lot of work. What's the scheme you're trying to achieve here?
1704  Economy / Speculation / Re: How many bitcoins do I need to retire in 20 years? on: March 11, 2015, 09:54:14 PM
At the current price of $297, I'd say you should have at least BTC15,000 to retire (that equates to ~$5,000,000). It's certainly possible to survive in retirement for less, but why retire (if you don't have to) if you can't enjoy it? A $5M target protects you from inflation of prices and the longevity that a healthy and happy retirement will provide.

If you want to live without a worry I'd work to get double that amount, BTC33,670!
1705  Economy / Economics / Re: liquidty and price on: March 11, 2015, 09:50:58 PM
What's the liquidity problem you're seeing? Are you having trouble getting the quantity you need? For majority of people I think there's plenty of liquidity available...plenty of supply, easy access to exchanges and sellers, etc.

Also, do you think people are influencing price with big trades (you referenced 100k)? Where do you see it happening?
1706  Bitcoin / Bitcoin Discussion / Re: Bitcoin the good the bad and the future on: March 11, 2015, 09:46:09 PM
Forgive me for being naive here, but who is Chris Dixon and why does his price prediction have weight? Or why should it have weight?

I'm not being a smartass, what expertise does Chris have that leads us to believe that his $100,000 per coin estimate is realistic?

It's a great flyer!
1707  Other / Beginners & Help / Re: INVEST BITCOIN!!! on: March 11, 2015, 09:40:13 PM

BTC gains value by usage, it is not an asset at all, it is a way of trading value securely without centralised banks

Where it looks like an asset is, in the early years of the transition from fiat to BTC, going to show up the ones who sat on their coins and sold them for fiat

But if the whole world accepted BTC what are you going to sell it for?

As it becomes accepted down supply roots i.e. ; coffee shop owner sells you cups of coffee for BTC because they can buy beans for BTC because the bean farmers can buy fertiliser and tools and pay workers in BTC and the workers can buy food and pay rent with BTC. I'm missing out a few steps but you get the idea.

With any luck in some years we may be able to leave this fiat shite way behind us...  

A lot of debate exists about this. There's no value to be gained if BTC is primarily a currency, much like investing in currencies isn't a thing people do. People speculate on currencies to take advantage of short term differences in value between two currencies but if you hold Euros, you're not earning a return. BTC could very well be an asset class if it remains an "alternative currency" to fiat options. If it replaces fiat options we'll see the currency reality you're predicting.
1708  Other / Beginners & Help / Re: INVEST BITCOIN!!! on: March 11, 2015, 09:35:10 PM
Insider trading is illegal and immoral, but it's probably the best way to generate a huge profit with minimal risk, if the guy you're talking to is a person you know and trust. Probably the best option to go for if you're trading altcoins etc., as there's lots of people on the dark net who can provide those kind of information.

regardless if its immoral or not, people do it lol

its called capitalism and those who can get away with it will do it over again.

Insider trading might be immoral but it is definately not illegal in all markets. Bitcoin and altcoin markets are not regulated and can thus not be under normal regulation regarding insider trading.

And because of that, some people who have some solid connections to the exchanges do this, generating themselves huge profits. I would admit that if I have that some kind of connection, I would sometimes do it for the sake of profit. Not being greedy or evil, but just being practical.

There is no obligation whatsoever to not do it. You actually make the markets more efficient by doing it. "invisible hand" kind of thing Wink

Hahah, definitely not an "invisible hand" kind of thing, but that's pretty funny.

What kind of inside information? There's no "news" to be on the inside of for any of these coins. This is just price manipulation. If create PossumCoin I can do whatever I want to the price to satisfy whatever motive I want. It's definitely a shitty move on my part, and not likely to lead to PossumCoin success but criminal activity is always possible.

The only guaranteed way to get a return is to invest in yourself.
1709  Economy / Service Discussion / Re: The MEGA Faucet List on: March 11, 2015, 09:31:55 PM
I feel like that's way, way too many. There's no need for ANYONE to be aware of that many sites. Most are pretty dodgy, insanely low payouts (by faucet standards) with incredibly high minimums to withdraw. The best faucet is at freebitco.in....that's all anyone needs!
1710  Economy / Economics / Re: Economic Devastation on: March 11, 2015, 09:27:05 PM


AcademicCathedralPompousPussyPossum577, you cry baby. Do you always need to be spoon fed?

iamback, How are you calling me out? For what? This is hilarious, because here you're calling me an "Academic Cathedral Pompous Pussy" but on another thread we're basically having a civil conversation.

Just because you believe what you're told, like a child, doesn't mean us adults do. I subscribe to facts and logic, if those are only available in spoon size portions I'll only be consuming one spoon at a time.

Don't be an ass. If you don't like what I have to say ignore me or mind your own fucking business.

Grow up little kid.
1711  Economy / Services / Re: [BIT-X.com] [++ RATES THAN DaDice] Earn Bitcoins by Posting | Signature Campaign on: March 11, 2015, 09:21:42 PM
Vote here please :

Create a last payment list in bitsig.website\beta ?

- Good idea , i can see what I received last days

- Not a good idea , keep privacy ; also users can saw their last payment from the pms and ,,,


Kind of Respect ,
Bitcoin Boy

Bad idea! We can all track our payments on our own either through the Bit-x account site (where payments are received) or in our personal wallets.
1712  Economy / Services / Re: [BIT-X.com] [++ RATES THAN DaDice] Earn Bitcoins by Posting | Signature Campaign on: March 11, 2015, 09:03:01 PM
Thanks for the update Marco, my quick thoughts:

I prefer weekly payment. I think the same payment date for all sounds find. Some people will end up with short week or a long week the first time around but I'm sure it makes the business end of this thing easier for you to manage when one day is pay day, rather than every day.

Perhaps to help you "police the posts" and to prevent people getting banned or the ad campaign getting penalized we, as the participants in this campaign, can take the lead on providing feedback to fellow participants we feel may be crossing the line from meaningful to spam posts. Obviously there's room for interpretation (e.g., are one liners meaningful or not?) but it's important for us to show respect for the entire forum community.

Thanks.
1713  Other / Off-topic / Re: The craziest shit you can buy with bitcoins right now? on: March 11, 2015, 08:24:05 PM
The craziest thing you can buy right now is the space reserved for my signature on this forum. Seriously.

Also, as you make your decision, don't buy from a "middle man" who will then cash in your BTC and buy whatever you want with fiat. That DOES NOT count as buying something with BTC. The best example is the first time someone "bought pizza" with BTC. They didn't buy pizza. Their friend bought pizza, used fiat to do so.
1714  Economy / Economics / Re: Economic Devastation on: March 11, 2015, 08:16:33 PM
CoinCube, I have a question about Finance Part I:

In the most basic terms a bank can't lend money unless it has money to lend, they need to physically have the cash to give to me (for example) for a car, home, etc. So how can those funds be spent if they're made (out of thin air or accounting wizardry) as a deposit in my account upon their grant of the loan? I take that deposit, give it to the person I'm buying the car from and the bank has to payout that payment.

I'll keep reading, but I'm sure you've had questions like this before.

Edit: It's because banks can borrow too, isn't it? They can put a deposit in my account for an amount they can't cover today because they can borrow that amount tomorrow. Do I have it correct? And if so, what keeps Coinbase from doing the same thing with bitcoin, The public ledger?
1715  Bitcoin / Bitcoin Discussion / Re: Idea regarding DDoS attacks on: March 11, 2015, 07:21:55 PM
So how much was stolen from you and when did the attack occur?
1716  Economy / Collectibles / Re: 🌟 TRADE Your Physical Cryptos HERE 🌟 on: March 11, 2015, 07:16:43 PM
Is there a thread where people can ask for price checks of physical crypto coins or a place that has the average prices listed? I'd like to see one as it'd make it easier for people to agree on a price. Most crypto coins don't have a large enough market to determine the exact value of them.

Agreed. There are so many times where someone has a coin on offer and I have no clue what to bid.

I've tried to get people to agree on a stable valuation for the different coins, but honestly it's not realistic. It's not right to control prices like that. It's all about what a buyer and a seller agree upon. Personally I believe a 2-3x valuation is appropriate for a loaded Casascius coin in mint condition. You're paying 1x for the face value of the coin and 1-2x for the numismatic value that is "Casascius".

There is some information you can use to help you understand what to bid, based on the size of the mintage (some coins have lower mint numbers and therefore are more rare). You also want to consider the condition of the coin.

This is the most concise source I've used: http://www.spotcoins.com/bitcoin/casascius
1717  Economy / Economics / Re: Money is an imaginary concept, but humanity is enslaved by it on: March 11, 2015, 07:08:11 PM
funny thing is that humanity created the problem called "money"(they did it by giving value to something useless), and now they need it to be happy

this is why human stupidity is endless

I don't think that "money" is the problem. It's how people use it or exploit it that's the problem - and that misuse comes from government and regular people alike. Both can get into too much debt, both can spend too much, but can be careless.

The ability to use currency as a means to buy goods and services has allowed the world to go from subsistence living (i.e., creating what we need to survive, each of us individually) to more productive, specialized living. It's given us the advancements of science, math, industry, etc, that make the world such a brilliant place to live in.

Don't blame the tool that is money, blame the people that abuse it. And I'm not talking about the 1% or the 99%, I'm talking about irresponsibility.
1718  Economy / Economics / Re: One-world reserve currency inevitable and will enslave all nations? on: March 11, 2015, 07:00:47 PM
I like the poll question but the answer choices are mutually exclusive, nor collectively exhaustive.

I was rushed and felt like making the answer choices obnoxious for lack of time to give more careful thought.

Mutually inclusive and exclusive choices also provide information. I like experiments. I get bored.

Well the options ARE hilarious, that's undeniable. If the options are mutually exclusive then two people can believe the same answer but choose different choices, which skews your results...it provides inaccurate information.

So when is the economic devastation and one world conspiracy stuff expected to begin. I know a lot of the signs are pointing in a bad direction, is there any talk on timing or triggers?
1719  Economy / Economics / Re: Syriza trying to loot social security on: March 11, 2015, 06:58:45 PM
There's no easy way out of this situation. The problem is the government is spending too much and portions of the population aren't paying their taxes. To fix it, everyone is going to have to deal with less. It sucks for those that aren't getting their benefits...but they could take their benefits and let the entire country/society fail or they could do the patriotic thing and do with less to save the society. This last part only works if the government and society make strong and immediate plans to improve things.

This also sets a nice example for all of us to not rely on the government for a future stability. We all gotta look out for ourselves.
1720  Economy / Economics / Re: Local Startup Will Be Magic Bali Island Bitcoin. on: March 11, 2015, 06:52:26 PM
IS there a place we can follow the growth of this company and their work in Bali? It really just comes down to getting the hotels, retailers, etc. to accept Bitcoin. Is there much more to their operation than that?
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