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17781  Alternate cryptocurrencies / Altcoin Discussion / Re: Why LTC boom? on: June 29, 2015, 04:18:09 PM
Much smaller market and therefore easier to move the price when there's demand.
17782  Economy / Speculation / Re: Rally!!!!! on: June 29, 2015, 04:17:18 PM
They need some Hawala.
17783  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 29, 2015, 03:23:48 PM

And you would know this how exactly? Please enlighten my ignorance.

Because he's from the internet, dude. They know everything there.
17784  Economy / Speculation / Re: Rally!!!!! on: June 29, 2015, 03:23:05 PM
If Greeks cannot buy bitcoin because bank transfers won't be allowed, then can we buy cheap Greek real estate for bitcoins? seems like legit profit model.

Transfers are fine within Greece by the looks of things.

http://www.theguardian.com/world/2015/jun/29/greek-debt-crisis-key-points-athens-bank-controls

You can't send it out of the country. I wonder what the rules are about receiving.

I'd go for a suitcase full of Euros myself. You'd need to budget for surgery after your hand had been bitten off.
17785  Bitcoin / Bitcoin Discussion / Re: Greece's first Bitcoin ATM installed on: June 29, 2015, 02:58:00 PM
I wonder why it took so long. You would've thought an ATM operator would've taken a speculative punt a year or two back.

I can't see it being a huge success right now. The poor old Greeks won't want to be giving up any scraps of cash any time in the near future.
17786  Economy / Services / Re: SPOTS AVAILABLE [BIT-X.com] Earn Bitcoins by Posting | Signature Campaign on: June 29, 2015, 02:54:19 PM

It is a well deserved bonus.  I'm fine with it going to him.

I would like to ask can you please make the page where items are static and don't move.   For example it can say:

BIT-X Signature Campaign with a submit button, but when Signature Campaign goes away and it's just BIT-X.  The mouse goes from being over submit button to over the ad.  So very easy to click ad and a pain.

Yes. It's a very twitchy page. It constantly wants to resist where you want to go. 
17787  Economy / Speculation / Re: Do you think bitcoin will reach it's $1000 mark again? on: June 29, 2015, 02:46:42 PM

3-5 years is pessimistic, we are rising quite well, around $2 per day(for the last couple of days), if we continue this trend we could reach it before the halving

rest assured that something big will happen before or aorund the halving, almost impossible that we will remain at this stage by then

Depends. Folks on here tend to be prone to two things.

1 - massively underestimating eventual values if it truly succeeded.

2 - the amount of time it would take to truly succeed. I think it's going to be an awful lot longer than many presume.

We tend to think of online commerce having taken over the world. In reality it's only 7% of US retail spending. A fine proportion but not that vast considering how long the concept has been around for now.

Obviously it's much higher if you take groceries out of the equation but there are still millions there who'll have nothing to do with it. If you can't sell them the benefits of lower costs and conveniences, a whole new type of money is that much more alarming to them.

17788  Bitcoin / Bitcoin Discussion / Re: Next level Bitcoin stress test -- June 29-30 13:00 GMT 2015 on: June 29, 2015, 02:19:12 PM
Why not use the money to dig a few wells in Africa instead? It adds a little more to the wellness of the world.

Proving that Bitcoin is a broken mess despite how much power it wastes would be a much better net gain for society

Anyone with a modicum of awareness should know that it's not all that viable to continue as it is. No point in wasting further money when we know what'll happen.
17789  Bitcoin / Bitcoin Discussion / Re: Next level Bitcoin stress test -- June 29-30 13:00 GMT 2015 on: June 29, 2015, 02:14:50 PM
Why not use the money to dig a few wells in Africa instead? It adds a little more to the wellness of the world.
17790  Bitcoin / Bitcoin Discussion / Re: BTC in your country on: June 29, 2015, 02:10:57 PM
yes, that right. but we may conclude that the legal medium of exchange in indonesia should be only rupiah and people are allowed to buy, sell and own bitcoin as long as it not used as a medium of payment.

So what will you do then after bitcoin is banned in Indonesia? I'm curious if bitcoin user in Indonesia never do transaction with bitcoin as the medium payment? In online shop maybe? If so, isn't it break the rule?

It already happened in China. A very few places were starting to take it as payment in 2013. All the government had to do was order merchants not to do it. Hey presto, end of actually useful BTC economy there.

I'm sure it could continue just fine between private individuals, but any time interacts with any area where authorities watch over it such as banks or businesses it's easy enough to turn out the lights.

17791  Bitcoin / Bitcoin Discussion / Re: Conservatives vs. Liberals in Bitcoin - Will we or will we not change? on: June 29, 2015, 02:05:02 PM
Considering what a mucky shower of shit the existing fork talk has been, it would be far healthier to come up with the one and final fork that does its best to take into account as many future possibilities as possible.

I dunno how viable that is, but BTC is still tiny enough to be thrown around a little still. If there were tens or hundreds of billions in vested interests and it had started to become a real player in international money then lack of consensus could either freeze it in place and eventually become an irrelevance or shatter completely.

2.7 tps means it either ends up as a plaything of elites or just a proof of concept and technical backwater while something truly scalable blows it into the weeds.

Mr Miner wants a 0.1 BTC fee so I can spend my coins? I would spend that on sending all of them to an exchange and leaving Bitcoin behind forever.
17792  Economy / Speculation / Re: What does it take for Bitcoin to go 100X? on: June 29, 2015, 01:29:38 PM

Japan's economy is not bigger than the US economy.

Nor has it been one of the healthiest in recent times. The yen is also pretty darned volatile compared to other major currencies. It wouldn't be a great candidate for the job.
17793  Bitcoin / Press / Re: [2015-06-27] CT - The Greek Dilemma: Hyper Inflation, Austerity, or Bitcoin? on: June 29, 2015, 01:06:08 PM
Maybe all of Greece won't be using bitcoin as money any time soon, but what are they going to use? One of the major monetary properties of Euros in Greece just got removed. It's kind of like having money. Kind of.

Even if it officially reverts to the drachma, they still border plenty of countries using the Euro and it has far more utility. I assume it'll be like so many other countries in the world. The local currency runs in parallel with the more useful one.
17794  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 29, 2015, 12:58:09 PM

Many people have said similar things at every level for years and pretty much every one of them have been wrong.


It's a fine tradition. Why stop now? People seem to enjoy it.
17795  Bitcoin / Bitcoin Discussion / Re: London takes the lead in Bitcoin innovation on: June 29, 2015, 12:56:28 PM
Innovation is lovely. Doing actual BTC business in the UK is lagging pitifully behind the US. I wonder how long all the shaky workarounds with EU banks will have to continue before an actual UK bank breathes some life into the whole thing.

They often claim to be waiting for regulation. I assume they'll just claim to be waiting for more when something does actually arrive.
17796  Economy / Collectibles / Re: 1 troy ounce 2015 Gold Buffalo for sale, 99.99% pure on: June 29, 2015, 12:48:00 PM
I don't really get gold as an investment but I would love to own one of those for the pure joy of it as an object.
17797  Economy / Investor-based games / Re: Do you have 1 bitcoin to invest if you were to make 10X more? on: June 28, 2015, 11:34:29 PM
If you deposit my 10 BTC with the right escrow before anything else happens then that would be lovely. Other than that, french kiss my ring piece.

It's that much of a dead cert why bother sharing it with anyone else?
17798  Economy / Collectibles / Re: [WTB] Redeemed Casascius on: June 28, 2015, 09:41:27 PM
Casascius 5 btc physical coin - $55

I have some of those.
If I recall right, then where they sold here on the marketplace for 0.1ish.

Aren't the 5s slightly different in that plenty of unfunded ones were made? It would be nice to have one with the hologram still. That adds some credibility for the time when someone's cranking out fakes by the ton.
17799  Economy / Collectibles / Re: [WTB] Redeemed Casascius on: June 28, 2015, 07:04:10 PM
Might be best to buy them off eBay since they have no digital value attached to them any more, found these from a quick search:

2011 Series 2 Casascius -1BTC Coin - $425
Casascius 5 btc physical coin - $55
1x 1 BTC Casascius Physical Brass BIT COIN 2012 - $135
2012 Casascius Coin (Bit coin) - Redeemed / No Bit coin - $95
2013 Casascius Coin (Bit coin) - Redeemed / No Bit coin Value/ Physical Bit coin - $115

Ebay prices are pretty insane. I would hazard to guess that many buyers are that dumb they still think they're getting a bitcoin to spend despite large letters in the ads.

You'd get a better deal if you could find one on here. Everyone's more clued up. I've seen prices of around 0.1 BTC for redeemed brass coins.
17800  Bitcoin / Bitcoin Discussion / Re: The real bitcoin on: June 28, 2015, 06:24:51 PM

This is something I don't hear everyday so it had no limit from the start and then it was changed and it's supposedly causing all the problems and now we're trying to go back to it again? Why was it changed btw?

It was an anti spam measure.
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