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181  Bitcoin / Bitcoin Discussion / Re: Are you fools pathetic - or what? on: April 18, 2015, 11:42:32 AM
This guy is a scum bag
182  Bitcoin / Bitcoin Discussion / Re: Why do we assume that Satoshi cashing out his coins would be noticeable? on: April 18, 2015, 11:40:55 AM
If he was cashing out in small amount but on frequent basis would we have known it's him that's doing it? There's always different ways and option on how to do it but still keeping his identity concealed. All these claims are just based on assumptions.

You can trace coins back to there original owner
183  Economy / Gambling / Re: all-sports winning picks on: April 17, 2015, 09:38:30 PM
federico delbonis money line
184  Bitcoin / Bitcoin Discussion / Re: Did Satoshi expect Bitcoin to last this long? on: April 15, 2015, 02:09:06 AM
According to this very early post made by Satoshi in the Cryptography Mailing List two weeks after Bitcoin was released, he believed that decentralized electronic currencies such as Bitcoin would be used for many different applications in the future:

Quote from: satoshi
I would be surprised if 10 years from now we're not using electronic currency in some way, now that we know a way to do it that won't inevitably get dumbed down when the trusted third party gets cold feet...

Another quote from February 14, 2010:

Quote from: satoshi
Right.  Otherwise we couldn't have a finite limit of 21 million coins, because there would always need to be some minimum reward for generating.  In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes. I'm sure that in 20 years there will either be very large (bitcoin) transaction volume or no volume.

And another one from July 14, 2010:

Quote
I anticipate there will never be more than 100K nodes, probably less.  It will reach an equilibrium where it's not worth it for more nodes to join in.  The rest will be lightweight clients, which could be millions.

One of the last quotes made by Satoshi in late 2010:

Quote
No, don't "bring it on" (Wikileaks). The project needs to grow gradually so the software can be strengthened along the way. I make this appeal to WikiLeaks not to try to use Bitcoin. Bitcoin is a small beta community in its infancy. You would not stand to get more than pocket change, and the heat you would bring would likely destroy us at this stage.

Satoshi probably thought that Bitcoin had a fair chance of being successful in the long term but he probably did not expect it to become so successful in such a short period of time. The growth rate Bitcoin experienced in its first 3-4 years would probably have surprised him and I doubt he could have predicted that it would become so mainstream so quickly. Notice how Satoshi talks in terms of decades, not years. Would he have known that Bitcoin would reach $1,200 less than 4 years after its creation and be accepted by major retailers like Overstock and Microsoft in less than 5? I doubt it.

Thanks for this
185  Economy / Economics / Re: Is it better to save money or invest it? on: April 14, 2015, 04:15:58 PM
You do know there are other ways to invest..  Not just bitcoin or gold, I'd suggest talking to a finical adviser about your investment options.
If you are content with low returns then it is probably best to save your money in a low interest account.  It will be insured and is 'safe'.
Gold is a solid investment, the price is quite low at the moment, it seems like a safe long term investment, not very fungible though.

Bitcoin is dangerous, you could lose most of your money quickly, you could also make lots of money. It is fungible, if you can handle the stress of big price swings, it is a good investment in my opinion.

I wouldn't put all my eggs in one basket.  I personally am long oil at the moment, I can ride out the overproduction dip, but it won't stay at $50-60 for long, I am willing to bet on that!

Long oil sounds solid
186  Bitcoin / Bitcoin Discussion / Re: Scam or not? Coinbase offer up to $8500 dollars to small investors on: April 13, 2015, 12:17:36 PM
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It is a confirmed phishing attempt:

https://bitcointalk.org/index.php?topic=1017900.0

https://bitcointalk.org/index.php?topic=1017900.msg11023849#msg11023849


Thanks for confirming
187  Bitcoin / Bitcoin Discussion / Re: Scam or not? Coinbase offer up to $8500 dollars to small investors on: April 12, 2015, 09:26:16 PM
Definitely a phishing email
188  Bitcoin / Bitcoin Discussion / Re: Buying and holding BTC without mining.. on: April 12, 2015, 06:40:10 PM
What do you mean?

Like if you let the coins stay in exchanges?

No, I mean if you are not mining you are not protecting the network.  You are letting it become more and more centralized and in time allow the mining farms to decide the Bitcoin Protocol.

Black listed coins..
More than 21 million supply..

Explain in detail how you expect them to pull that off. Let's say some mining farms collude to introduce a hard ford and expand the supply of bitcoin beyond 21 million coins. How do they do that without tanking the price horribly, destroying their own multi-million dollar investments? While honest players stick with the honest fork until it regains traction as everyone flocks away from the destroyed false fork.

Well said
189  Economy / Gambling / Re: BetBTC | The First Dedicated Bitcoin Sports Exchange -- PUBLIC BETA OPEN on: April 12, 2015, 12:45:15 PM
Why is it that minimum bet is so high?

Hahah  Grin
190  Bitcoin / Bitcoin Discussion / Re: Kaspersky and INTERPOL Say Blockchain is Vulnerable on: April 12, 2015, 11:28:18 AM
This,

where is the research? They cannot say "blockchain is vulnerable" without give a full report and various example of that attack.

I trust my cat more than FBI + Interpol .
Well this doesn't surprise me. I'm just disappointed that Kaspersky has joined them. I've had some faith in them.

Until Kaspersky can make a tool to prove there is a vulnerability, I am not believing anything.

Prove it.
Exactly. Let's say that Kaspersky wanted to be the good guy here. They should have gives us information so that it can be fixed.



For viruses I thought it's standard practice to keep quiet about a new vulnerability until the experts develop a fix for it. They tell each other about it but keep quiet about it publicly. Why has Kaspersky publicly blurted out a story about a vulnerability before the experts have had a chance to work on it?

Good question  Huh
191  Bitcoin / Bitcoin Discussion / Re: Another Tyrone Bitcoin Video on: April 12, 2015, 05:21:46 AM
Bitquick isnt the best way to purchase coins unfortunately
192  Economy / Services / Re: CoinRoyale Sig Campaign *Earn 0.04 BTC/week promoting the best Bitcoin Casino! on: April 11, 2015, 11:20:13 PM
Fixed!  Wink
193  Bitcoin / Bitcoin Discussion / Re: Coin Cafe, Cambodia is open for business on: April 11, 2015, 11:15:34 PM
I bet Cambodia is an interesting place to live considering the demographics, religious communities and the ancient architecture. However, based upon my limited knowledge of the country, it doesn't strike me as a place that's ready to adopt crypto in any tangible way unlike say, South Korea. Every little bit helps yet I don't think the average income is very high.

You are right
194  Bitcoin / Bitcoin Discussion / Re: State of Bitcoin Q1 2015 (by CoinDesk) on: April 11, 2015, 12:43:12 PM
Skewed view points are a dime a dozen in this community and this article proves that
195  Economy / Gambling / Re: FAIRLAY.COM - The biggest Bitcoin BETTING EXCHANGE - 0% fees on sport bets on: April 11, 2015, 12:17:16 PM
The owner gave me 50 mBTC, 5 times my deposit while he finds an answer as to why the deposit was not successful. A part of his message;

"We have not figured out yet what is going on with this transaction. All the deposits are going directly to our cold wallet. And we have a armory watch only wallet running that should detect any incoming transactions. For some yet unknown reasons it did not detect your transaction. If we specifically ask the armory wallet for your transaction we get this message: "-ERROR - 1428609000: (BlockUtils.cpp:5808) Requested txref not on main chain (BH dupID is diff)".
We already are in contact with the Armory developers but it can take some time to fix this issue."
196  Economy / Gambling / Re: all-sports winning picks on: April 11, 2015, 12:08:51 PM
jiri veseley +1.5 sets ATP Casablanca - SF
197  Bitcoin / Bitcoin Discussion / Re: Welcome To The Blockchain (The Bitcoin Song) by Toby + Decap on: April 11, 2015, 11:05:07 AM
Hahaha  Grin
198  Bitcoin / Bitcoin Discussion / Re: Busted! Cops taking BTC! on: April 10, 2015, 11:52:07 PM
So sad to see corruption in such major institutions
199  Bitcoin / Bitcoin Discussion / Re: The 420 Alliance Joint Force DAO, Now paying out in BitCoins! on: April 10, 2015, 11:50:47 PM
Drugs are bad people  Undecided
200  Economy / Lending / Re: micro-loans on: April 10, 2015, 10:16:43 PM
bump
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