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1701  Economy / Economics / Re: Bitcoin ATM on: July 01, 2014, 08:27:07 PM
HTC atms usually charge steep fees and require fingerprints/photo ID. I don't see why people would want to use them unless you urgently need to sell BTC. Most of them are only for buying BTC though.
1702  Economy / Goods / Re: New Physical Bitcoin: This Represents a New Standard Folks on: July 01, 2014, 08:14:26 PM
Are these coins still for sale? I checked the website and it says limited edition, but it doesn't have any mention if they're sold out or not. Has anyone tried redeeming their coin yet? I'm considering buying a 1btc coin if this company is legit.
1703  Other / Politics & Society / Re: What's wrong with eating meat? on: July 01, 2014, 07:39:13 PM
According to PETA, cats can thrive on a vegetarian diet: http://www.peta.org/about-peta/faq/is-it-safe-to-feed-my-dog-or-cat-a-vegetarian-diet/

It's pretty silly that they try to justify such a diet for strict carnivores likes cats.
1704  Economy / Speculation / Re: No ATH this summer on: June 18, 2014, 01:19:09 PM
People with big pockets are coming.

That's what people were saying when I joined this forum over a year ago. Some people speculate that the big players are already buying BTC slowly at what they consider to be the current low prices, but there's not much proof supporting that theory.

1705  Economy / Speculation / Re: Bullish? on: June 18, 2014, 01:07:17 PM
I think $5k in 3 years is a reasonable estimate, as opposed to the $50k predictions. Most likely, we'll see new coins that can actually compete with BTC for market share by then. At the very least, we'll see the banks try to fight BTC or implement a system where they can milk profit from cryptos.
1706  Other / Politics & Society / Re: What's wrong with eating meat? on: June 18, 2014, 12:06:04 PM
Carb-free meat diet, I don't think that's possible. Even myself while trying out a high-fat low-carb meat diet, I was still eating minimum amounts of carbs. No carbs though sounds very unhealthy and will make you feel like crap all day, not to mention how lethargic you will feel all day.

There's actually been several studies where researchers found that people who went on very low-carb diets were able to reverse the effects of diabetes better than any other diet:

http://diabetes.about.com/od/nutrition/qt/locarbdiabetes.htm

Also, low-carb diets are the best way to lose body fat in a short amount of time, compared to high-carb diets. I don't advocate either; the best diet is one that is well-balanced and includes fruits, veggies, whole grains, meats, nuts, dairy, etc.

1707  Economy / Economics / Re: Is 1 bitcoin a decent and good investment? on: June 17, 2014, 02:31:10 PM
I don't think a 1 BTC investment will ever make you rich, but it's still better than keeping that money in the bank if you're not using it. Plus, it does have the potential to multiply in value, so maybe that 1 BTC might be worth 10 times as much as it is today in a few years.
1708  Economy / Economics / Re: How to have a crowdsale - best practices and lessons from Maidsafe on: June 17, 2014, 02:25:59 PM
The biggest issue with the maidsafe IPO was that they enabled mastercoin investors to get into msafe at a much lower entry point than the BTC investors. They accepted MSC at an inflated rate of 0.2 BTC instead of taking it at the market value. Future IPO offerings may want to consider accepting investments in only one cryptocurrency so that all investors are treated equally.
1709  Other / Beginners & Help / Re: Ideas for newbies to earn a little coin on: June 17, 2014, 02:00:45 PM
You could try to sell stuff locally for BTC on craigslist or the goods section on here. I've sold domains and simple websites that I made for BTC. Obviously though, you have to offer something of value to make BTC, and you usually have to spend either time or money to be able to make some money.
1710  Economy / Speculation / Re: What if Steam accepted Bitcoin? on: June 17, 2014, 01:49:48 PM
I don't think this would have any effect on the price of BTC. Bitcoin goes up in value when fresh fiat buys into it. Why would people convert $10 or $20 to BTC just to buy a game, when they have a dozen other payment options on steam? It may be convenient for those who already hold bitcoin, but others won't have any incentive to make use of it.
1711  Economy / Speculation / Re: FBI seized coins sold = bitcoin legal in USA? on: June 17, 2014, 01:42:08 PM
bitcoin exchanges and other companies that convert between dollars and bitcoins are easily used for money laundering, bribing, financing terrorists, paying for drugs and child porn, bitcoin ponzis, internet gambling, etc.
Stop you there, bucko. Fiat has been used for all of those reasons, for centuries, and 24/7. How does dollars --> Bitcoin change that? I understand your point, but, really?
Because of all the bitcoin's "qualities" that are supposed to make it better than cash: it can be instantaneously transferred all over the world, address owners need not identify themselves,  transactions cannot be stopped or reversed, transactions happen in no particular country and hence under no particular jurisdiction, ...

These features of bitcoin are intentionally and explicitly meant to avoid the controls on money flow that governments have built into other payment methods over several decades, to fight all those crimes (and tax evasion too, BTW).

Obviously a site like SilkRoad could not work with cash or credit cards.   Need one say more?


Every form of currency will have benefits and drawbacks, and some people will use it for illicit activities. I think the pros outweigh the cons in the case of BTC. Can't say the same for fiat currencies though.
1712  Local / Other languages/locations / Re: Middle East (UAE, Saudi, etc) - بتكوين في الدول العربية on: June 17, 2014, 04:04:57 AM
What is STC?

I think he's referring to the main phone company in Saudi Arabia. Maybe you can try to PM the OP, he's from Saudi.
1713  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet on: June 17, 2014, 03:58:55 AM
People just don't understand how big this is going to be....


Here is some blog posts from irvine, that people tend to miss: http://metaquestions.me/

I don't see any new posts on their. You're better off checking the MaidSafe Google group for more up-to-date information.
1714  Other / Politics & Society / Re: What's wrong with eating meat? on: June 17, 2014, 03:51:41 AM
Quote from: CoinGeneral
it's not even a bad thing to become a vegan or vegetarian and it can even be healthy, reverse diabetes, cure cancer,  weight loss, etc,

How exactly does following a vegan diet cure cancer? You do believe a cancer patient can be cured if they just switch to a vegan diet, right? A carb-free meat diet has also been shown to reverse diabetes after a few months, that doesn't mean it's a sustainable diet in the long run, just as the vegan diet. You ridicule pill-popping meat-eaters, yet I'm pretty sure vegans have to supplement their daily diet with pills to make up for vitamin deficiencies.
1715  Economy / Speculation / Re: FBI coins could sell for a premium on: June 14, 2014, 03:39:53 AM
How do their other auctions work? Do they usually set a minimum bid price? I don't think the coins will sell for a premium, but they won't go for much less than the exchange rate.
1716  Other / Beginners & Help / Re: How can I know which coins go up in price? on: June 12, 2014, 04:29:09 AM
Most alt-coins don't really follow any particular pattern long-term except the downwards death-spiral. Sure, there'll be a few pump-and-dumps along the line towards their inevitable demise, but that's pretty much where the excitement ends for most alt-coins. That isn't to say there aren't viable alts out there, but rather that most alts aren't worth investing in after the initial hype.
1717  Other / Beginners & Help / Re: Always back up your wallets - a lesson I learned the hard way on: June 12, 2014, 04:18:02 AM
could we restore bitcoin balance use backup file if we hacked?

You can restore the backup as long as you control the private key for the address. If a hacker sends the coins to another address that you don't have the private key for, then your BTC is gone. Best thing to do is store your coins offline on a few USB drives or paper wallets.
1718  Other / Beginners & Help / Re: Always back up your wallets - a lesson I learned the hard way on: June 12, 2014, 02:20:29 AM
You may still be able to recover your wallet.dat file if it hasn't gotten overwritten.
1719  Other / Off-topic / Re: WORLD'S LARGEST GUMMY BEAR!!! MUST SEE!!!!! on: June 12, 2014, 01:07:03 AM
I'm not gonna lie. I expected bigger. Much, much bigger. I'll bet there's been bigger gummy bears than this before. Tongue

They actually sell a much larger gummy bear:



I wonder if there's someone who can devour that thing in one day and survive  Cheesy
1720  Economy / Speculation / Re: Monday Afternoon (US Time), Where is this this big phucking 'announcement'? on: June 12, 2014, 12:40:46 AM
Expedia is not the announcement.

There is another big one coming.

If you read what i wrote in the 3-4 messages i wrote on this, you would have seen that it was a BitPay conference call.

Expedia is with Coinbase.

Expedia is huge.  And notice - the price hasn't budged. 

--------------

I just met with Jeff in person, five minutes ago at the Clevelander Hotel to give him a batch of yBitcoin magazines to put in the lobby of the hotel.

The information was given to me in confidence, but I can confirm that its legit.

As for "how big" - i can finally give you an intelligent analogy.

Expedia announcement is huge.  And in light of that announcement, this company may make you scratch your head as to why they're better for Bitcoin.

But the key is, they're a big company. 

Expedia's value is 8.8 Billion.   This company's value is more than 11 Billion.


Its just a *completely* different demographic.   And I think they have their hands dipped into several commercial interests.

Either way - these two companies in one week will likely be Bitcoins biggest "Merchant Adoption Week".

-B-

Can you say if the company is in this list?

Monster Beverage Company
Harley Davidson
Under Armour
Electronic Arts
Dollar Tree
Whole Foods
IKEA

Edit: Yeah, I guess IKEA fits the profile pretty well too.

Just having fun....


Most of those companies you listed sell their goods to retailers instead of directly to customers, so they wouldn't benefit right now from adopting BTC. Either way, without new people and fresh fiat coming into BTC, I don't really expect news of a company accepting BTC to affect the price much in the short term.
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