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1781  Economy / Service Discussion / Re: coinbase screws the little guy on: March 09, 2015, 10:52:49 PM
he fact that your'e a self proclaimed "paranoid schizophrenic" explains all of this perfectly.

The reality is that Coinbase is a business, they can refuse your business for almost any reason except one of handful of protected classes of people (under US law, which is where Coinbase is located). The explanation of your situation doesn't imply they've discriminated against you at all. They're just trying to protect their business.

Why SHOULD they do business with you if you're going to lie about who you are?

Why do you care whether they'll do business with you? I can name ten alternatives to coinbase (not including a simple paper wallet). So choose one and move on. Quit bitching because they did one thing you don't agree with. The great thing about bitcoin is that you don't have to subscribe to some corporate model...so why are you pissed now that a corporate model doesn't want you?
1782  Bitcoin / Bitcoin Discussion / Re: I tried to get ShopLocket to accept Bitcoin payments today. No response yet. on: March 09, 2015, 10:47:46 PM
2.5% seems a bit steep for a transaction fee and one of the benefits of bitcoin is low transaction fees. It seems like ShopLocket doesn't really understand the point yet. They shouldn't make money off the transaction, they should work their profit margin into their sales price.
1783  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [KaiserBourse.com] choose preferred Bitcoin Contract (Oil,Silver,Gold,DAX,CAC) on: March 09, 2015, 10:45:17 PM
What kind of fees are we talking about per contract? What funding requirements are there? What's the minimum deposit?
1784  Bitcoin / Bitcoin Discussion / Re: Why PayPal and Bitcoin should partner up. on: March 09, 2015, 10:41:53 PM
Paypal should accept BTC, PayPal is merely a facilitator of transactions, they don't take sides in currency.

And Bitcoin would benefit from the access to such liquidity.

Most important, PayPal is located in Silicon Valley and is the brainchild of visionary Elon Musk.
1785  Economy / Economics / Re: A noob question. on: March 09, 2015, 10:34:44 PM
Yeah, near as in this time next year...so we get to wait.

It won't be the death to miners, it'll just require consolidation of the miners because only the operations that are scaled big enough will be able to make a profit.

And actually, why do all 21 Million coins have to be mined? They don't. Bitcoin can still survive with whatever coins exist and those that want to mine can spend their time and money doing so. Just like gold today.
1786  Bitcoin / Bitcoin Discussion / Re: POLL: Is Bitcoin for EVERYONE or just a new ELITE? Vote! on: March 09, 2015, 08:07:01 PM
Voted for elite only. I don't like this, but this is the reality. Cca 90% of the world population are unable to use it and 90% of the internet users doesn't really care. If you take a look at the BTC distribution you will see that most coins are concentrated in very few hands. These factors are inevitably going to lead (or already led) to the formulation of a small elite who owns most bitcoins.

You have a point, the term "elite" can be defined in a couple of different dimensions. I think what the OP was going for was whether Bitcoin for the 1%ers or the most powerful or the well off in the developed nations only. On the face of it bitcoin is available to almost everyone in this world, provided they have:

  • Access to the internet (via pc, phone, etc.)
  • Access to ANY amount of fiat currency, even the smallest denomination of the weakest fiat currency can buy you some bitcoin

It might be up to us, the bitcoin community, to ensure that access to the system remains available to as many people as possible so we don't run into the same debt cycle issues we have with fiat.
1787  Bitcoin / Bitcoin Discussion / Re: An dizzying use of bitcoin... on: March 09, 2015, 08:02:53 PM
Wow, you just described the funding for machine to machine interaction. You just defined the funding for the Internet of Things. Wow, things are about to get really entertaining in the technology and business world...can't wait.
1788  Other / Politics & Society / Re: Holy shit this is creepy. 9/11. Steven Emerson Adviser for the FBI on: March 09, 2015, 08:00:29 PM
Dude, you can't just post some link and expect us to give a shit. What's the point? Summarize the details? Take a side and make a statement.

If you're a 9/11 truther you better have some kind of perspective or opinion. Some facts to prove your point of view.
1789  Other / Politics & Society / Re: OBAMA: ‘IMPORTANT’ SECOND AMENDMENT RESPONSIBLE FOR HIGH HOMICIDE RATES on: March 09, 2015, 07:25:54 PM
It's important to not ignore this kind of rhetoric but keep in mind that it's just rhetoric. Just because he wants it doesn't mean it's possible for him to make it law. The entire congress is led by his opposition so it would be VERY difficult for him to get anything through.

And the People always have the final say - through the vote, through the protest, through civil disobedience.
1790  Economy / Speculation / Re: I have USD 2000 to invest. Should I buy Bitcoins or gold? on: March 09, 2015, 05:14:16 PM
This isn't one of the options you mentioned but are you aware of Motif Investing (https://www.motifinvesting.com/)?

It allows you to build a custom "mini mutual fund" or use an existing basket of stocks that all adhere to a very specific theme (i.e., dividends, internet of things, healthcare, etc). It's a really smart way to invest with the hopeful appreciation of stocks but the mild diversification of a mutual fund.

Now, we need a motif for bitcoin related companies!
1791  Economy / Economics / Re: The Banking system are highly illiquid right now on: March 09, 2015, 07:29:14 AM
How does Bitcoin participate in the lending market? It seems very difficult given the one way nature of transactions and anonymity of things.
1792  Economy / Economics / Re: Is deflation truly that bad for an economy? on: March 09, 2015, 07:27:33 AM
Doesn't currency deflation result in product/service price inflation?

If so, that sounds bad.
1793  Economy / Economics / Re: Cost of living under asset concentration on: March 09, 2015, 07:26:05 AM
If the currency deflates it gets weaker, which means prices of goods will inflate because the currency can no longer buy the same amount of goods and services.

Lower demand can deflate an asset but it isn't the only way for currency deflation to occur.
1794  Bitcoin / Bitcoin Discussion / Re: Litecoin v. Bitcoin on: March 09, 2015, 07:18:59 AM
You have to ask that question? I've never heard of Litecointalk.org...Bitcoin is better. Litecoin is a cute copycat that either uses some variation of the technology or was created so people could have a second attempt at "getting in early".

Think of Litecoin is to Bitcoin as silver is to gold.

Good question!
1795  Bitcoin / Bitcoin Discussion / Re: How to explain Bitcoin to Chicks on: March 09, 2015, 07:15:33 AM
Another sexist thread, just after International Women's Day.

What sexist? The OP is contemplating how to expose women to bitcoin. How are women being discriminated against in this thread?
1796  Bitcoin / Bitcoin Discussion / Re: How to explain Bitcoin to Chicks on: March 09, 2015, 07:10:01 AM
Wow, i feel like you're getting bored. Clearly you've mastered the art, err race of scoring sorority chicks so you're moving on to the general population of college broads and have quickly come to the realization that it's just too damn easy. That normal girls aren't really that much harder to get than booze for lays sorority girls. So, after some deep thought and maybe some double penetration you've decided you need more of a challenge.

You need to try to score while or after having explained bitcoin to chicks. I get...an easy life is a boring life...new challenges are good.

I think you need to document all the different ways you've tried to explain it to girls. The compilation will be two chapters long - those versions that ended in dumb looks and blue balls and those versions that resulted her begging for your cash and prizes.

1797  Bitcoin / Bitcoin Discussion / Re: Bitcoin 20MB Fork on: March 09, 2015, 06:58:07 AM
an economy cannot succeed if it does not scale to meet and/or enable growth. It's practically a law of nature.
1798  Economy / Micro Earnings / Re: New Bitcoin Faucet on: March 09, 2015, 06:56:00 AM
What's your payout rate? What's your frequency for plays/rolls/pulls? Do you also have a gambling section?
1799  Bitcoin / Bitcoin Discussion / Re: My MIT Bitcoin Expo Experience / Some Questions on: March 09, 2015, 06:54:37 AM
How was the crowd and the press at the MIT event? Anything odd or surprising happen?

Thanks for sharing your comments about it.

1) I think it's ok to not know who Satoshi is, it's probably for the best. If we know who Satoshi is, if we know him personally we can blur his work with who he/she is as a human. Sometimes it's best to keep those things independent of each other.

2) Wouldn't the miners also be one of the peers in the peer to peer network. The peer to peer relationship can be articulated as a web, I have a relationship with the miners that are verifying my transaction, they have a relationship with other users, etc.

I can't really comment on the rest.
1800  Economy / Economics / Re: Price deflation in 2015? on: March 09, 2015, 06:45:03 AM
Haha, this guy thinks so.

http://newamerica2020.com/?gclid=CPui6JjPmsQCFRSIfgodlZQAFg

I can't find any legit information on this sales pitch. Sounds like a scam but he's got a great hook, a compelling set of fears that are easy for one to adopt.
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