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1721  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] LuckyCoin LKY | Lucky Blocks | Fast | Fun | Fair on: June 24, 2013, 04:54:06 PM
so the dev just created this coin and left? is he even developing anything for this coin
Did you really expect something more?
1722  Economy / Securities / Re: ASICMINER Speculation Thread on: June 24, 2013, 04:52:05 PM
We are at page 29.

Since page 19 this thread has mostly been a "mubarak trolls saying crap and people answer to him for some reason".

and now this:


A pity, but looks like this thread might be dead to me...
1723  Economy / Service Announcements / Re: CoinBomb.com has just launched! on: June 24, 2013, 04:23:09 PM
ok so is this a game of chance or skill? it seems like it would take some skill to determine by probability the likelihood of making a profit but it does also seem like just straight chance.
It is chance + guesswork, i.e. guessing when it is more likely for people to buy back your bomb.
Only problem is that you don't have much information to guess that correctly, so it's more luck than anything.
Still nice, though.
1724  Economy / Service Discussion / Re: Bitinstant removed cash deposit option USA on: June 24, 2013, 04:17:04 PM

I cashed out from Mt. Gox (using bitcoins OFC) and fully moved to Bitinstant.


 Cheesy  that wasn't smart

Rofl stupid look-alikes... I meant Bitstamp -.-
1725  Economy / Securities / Re: ASICMINER Speculation Thread on: June 24, 2013, 04:07:25 PM
Perhaps you should have paid attention to the part where I said:

Quote
The only reason why AM is able to charge such outrageous prices is because they've had no competition. By the end of the year, there will be plenty of competition.

competition should arrive "in about two weeks", I've been told.
1726  Economy / Economics / Re: Is credit possible with Bitcoin? Explain. on: June 24, 2013, 01:43:50 PM
I think you are not up to date on fractional reserve banking. The multiplication of money comes about when the money is redeposited in another account, either by the lender or the person he buys stuff from. The money supply thus extended, is somewhat subjective, as it depends on the psyche of the persons involved, do they really have these money fully, or is it only partial money.
Wrong.

They don't have real money, they still have credits.

It is not money until you cash it out of the bank and hold the banknotes, and they can't multiplicate that, as I already explained.

You can do the exact same thing with bitcoins, it's really no different: you can't print money, you can't print bitcoins.




The problem: if bitcoin becomes popular in a growing economy there is no incentive to lend bitcoins to anyone else.  Why?  Because the would be lender can just sit on his or her bitcoin stash and wait for the bitcoins to progressively become worth more without any effort.  A growing economy means more goods chasing a dwindling supply of bitcoins (some are lost to HDD crashes, etc).  In this scenario why risk lending out and losing your bitcoins? 

Anyone borrowing bitcoins would have to put in an extraordinary amount of effort to repay the loan, as bitcoins in a growing economy are worth more as time goes by.  To borrow a bitcoin today for business purposes and repay it in a year's time means having to do a lot of work to repay that bitcoin even before any interest is considered.

Bitcoin cannot be the basis of a modern economy as we know it.  The incentive to sit on a pile of bitcoins and wait for their purchasing power to improve is too great.
This is skewed, try to focus with more attention to every detail.

1. bitcoins will likely appreciate in value, but if you lend them, you'll have greater gains, hence lending makes sense
2. paying them back appears to be more difficult, but again this is not fully true: if you borrow bitcoins I can expect you to need bitcoins and gain bitcoins doinh your business (otherwise you are stupid and should have borrowed something else) --> you owe bitcoins, you earn bitcoins, you pay back; the exchange rate with other currencies is irrelevant (if it is, you botched your business plan and you didn't really need to borrow bitcoins)
1727  Bitcoin / Mining speculation / Re: Avalon batch #3 approaching "NO ROI" point on: June 24, 2013, 09:49:38 AM
If Avalon Batch3 is approaching "NO ROI" you would think folks would opt for the refund that Yifu is offering.
So far as I know, NO ONE has taken him up on this offer (maybe B1-er anti76... but it doesn't look like it).
People are often delusional or simply don't do the maths.
1728  Economy / Speculation / Re: Yet another analyst :) on: June 24, 2013, 09:46:12 AM
There is a big mistake in common trader thinking. They think that gold derivatives === gold. They think wtf derivatives === wtf.

This is not true. Derivatives destroyed absolutely any backing goods properties. Trader who buy "gold" doesn't really need gold. All he need is to sell this gold paper to another trader. He doesn't care about gold itself. This is fundamental vulnerability in economy. As well as another one: holder of WTF LLC papers can rent his papers to broker for short selling purposes. So holder of company papers is interested to play against his company.

This is total cancer of economy. This is all invented only to manage this huge amount of  free printed dollars. Manage those empty dollars circulation and dont let it stop.
I'm sorry, I'm no economist, but with my very limited knowledge — please correct me if I'm wrong — this sounds like total bullshit.

As long as a derivative/passthrough isn't a scam and can be really redeemed with the good that backs it, then what you said isn't true. If instead it is a scam and isn't really backed, then well a scam is a scam is a scam.

Short-selling is simply betting in a stock going down: since you can bet in a stock going up, it is perfectly natural to be able to do the opposite.
1729  Economy / Service Discussion / Re: Bitinstant removed cash deposit option USA on: June 24, 2013, 09:34:29 AM
Because MT.Gox shut down all USD transactions recently. They stated it was going to freeze any transaction dealing in USD for two weeks.
SEPA transfers also have been very slow recently: they officially state they can take "as much as 3 weeks" (which is ironic, considering that the whole point of SEPA itself is having 1-day transfers).

I cashed out from Mt. Gox (using bitcoins OFC) and fully moved to Bitinstant Bitstamp.
1730  Economy / Securities / Re: [BTC-TC] Community Exchange w/ Options, DRIP, 2FA, API, CSV, etc. on: June 24, 2013, 09:32:35 AM
The Android app stopped working one or two days ago and is still broken... is it a known issue?
1731  Local / Mercato valute / Re: [SCAM] Vendo 4 btc a prezzo moderato con bonifico o postepay on: June 24, 2013, 09:24:35 AM
anche io derubato che devo fare ?
di nuovo?
1732  Economy / Economics / Re: Is credit possible with Bitcoin? Explain. on: June 23, 2013, 06:53:43 AM
Ha ha, you're wrong. Actually money are created from thin air. In the early stages people have won in court in fact.
Either you didn't write what I wrote, or I wasn't clear (sorry).

I'll restate: either you compare real bitcoins with real cash you can hold in your hand, or you compare bitcoins "in a bank" with cash "in a bank".
You are comparing "real bitcoins" vs "cash in a bank", which obviously make no fucking sense.

There could be no government depositor insurance, as the govenment would not have the money. People would only save in safe banks.
Wrong: nothing prevents governments from acquiring bitcoins.

There would be no money printing or QE, meaning the so called bank reserves of today would have to be replaced by equity. I suspect fractional banking would be possible, but less relevant.
This is correct.
1733  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 20, 2013, 08:53:00 PM
Please do us a favor and let us know when you're going to sell, we'll be happy to be there when the price falls!
If you really do, then you can just put a buy order at the preferred price...
1734  Economy / Service Announcements / Re: [ANN] Tangible Cryptography suspends Bitcoin related transactions on: June 20, 2013, 08:50:19 PM
Sure.  But  maybe we should start another thread.  I think we've hijacked TC's enough.
Ok but link it here please.
1735  Economy / Economics / Re: Is credit possible with Bitcoin? Explain. on: June 20, 2013, 08:48:03 PM
It's not right. Actually right now if you deposit 1000$ the bank can loan 9000$... so it's not the same with BTC.
Uh? No, cash is cash is cash.
As long as people want to hold actual real banknotes, banks can't "just create money".
What you are talking about is fractional reserve banking, which can be done with bitcoin too, as long as people accept money on a bank account instead of the actual bitcoins in your address.

Either you compare bitcoins with actual real cash you can hold in your hand, or you compare virtual dollars sitting in a bank with virtual bitcoins sitting in a bank.

No difference.
1736  Local / Italiano (Italian) / Re: 2 USB in attesa.. se a qualcuno può interessare!!! on: June 20, 2013, 08:54:07 AM
***le azioni AM non prendetele dai passthrough PER FAVORE sono delle cacchine quelle... imparate l'inglese e prendetele dirette!!!
Ma che dici? O_o

I PT sono rispettabilissimi, e permettono di comprare e vendere con molta più facilità e rapidità.
Usando azioni dirette perdi in libertà di movimento e inoltre crei un fastidio a friedcat che deve badare ai tuoi trasferimenti anziché a pensare direttamente alla ditta...
1737  Economy / Service Announcements / Re: [ANN] Tangible Cryptography suspends Bitcoin related transactions on: June 20, 2013, 08:35:49 AM
TC, why don't you lawyer up yourselves to keep in business while the politicians figure things out? I remember when Donald Trump filed for bankruptcy many years ago he was still buying planes, homes, and expensive items. It basically boils down to how good your attorney's are. If your attorney's can't keep you in business while waiting for a decision which could take years you need new counsel.
+1
1738  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 19, 2013, 10:12:56 PM
First like last week. I feel superior, This indeed makes up for alot of ways that I think myself as petite. To fill the hole inside my heart.

oops shared much?

LOL, I know the structure isn't right, but I'm sure there's a haiku in there somewhere.
yeah rofl
1739  Local / Italiano (Italian) / Re: 2 USB in attesa.. se a qualcuno può interessare!!! on: June 19, 2013, 10:27:44 AM
Sapresti darmi qualche info in più (non voglio portarti via tempo sia chiaro). Mi basterebbe sapere sito e modalità di acquisto.

Qui puoi trovare passthrough ad azioni piene, e qui pt a frazioni 1/100 (con una commissione del 5%).

Ti registri, invii BTC, compri, e i dividendi ti vengono depositati settimanalmente (giovedì o venerdì) direttamente nell'account.

È fortemente consigliato l'uso di 2FA (tipo Google Authenticator).

Nota che al momento costicchiano (~2.85), e si prevede che se il dividendo di questa settimana dovesse essere basso, il valore potrebbe scendere leggermente (io mi sentirei più sicuro sui 2.6...).
1740  Economy / Securities / Re: [BTC-TC] Deprived Mining Speculation (DMS) on: June 19, 2013, 10:23:50 AM
Difficulty is not rising much, if this will continue SELLER might not get any dividend in next adjustment.
It's a bit early, I'd wait until saturday to read any meaningful estimate...
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