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181  Economy / Speculation / Re: We will never see below $200 again on: November 06, 2013, 09:25:40 PM
Mark that too...



If only I could grow bitcoins from the ground
182  Economy / Speculation / Re: Financial Risk Analytics-Subscription Service on: November 03, 2013, 11:07:11 PM
is the price still 1btc?
183  Economy / Speculation / Re: Bitcoin calculator with historical data on: November 03, 2013, 11:40:10 AM
I would post this in the mining section..
184  Economy / Economics / Re: Technological unemployment is (almost) here on: October 31, 2013, 01:46:12 PM
Do you mean the government can enact the law limiting working day to 2-4 hours? In free market economy capital owners will simply move away production/services to the country without such legislation.

Governments ALREADY do limit the workweek.  The "40 hour" workweek was established in 1937.  Since then the productivity of the average worker has increased by a couple magnitudes.   We still cling to 40 hour workweek like it is some fundamental law of physics.   No reason a government (or many governments) couldn't reduce it to 35 or 32.

If we are 10% below peak labor then reducing workweek 10% would compensate. 



lots of scandinavian countries with 37, and 30 hour work weeks are becoming increasingly normal.
185  Economy / Economics / Re: Bitcoin Is Better Than Voting on: October 31, 2013, 11:22:20 AM
Bitcoin to me is just a more advanced money system. For me it's not a vote against anything, it's a vote for a better world wide money system.

you could say that it is a vote against the banks as well

edit: typo
186  Economy / Speculation / Re: why I sold my bitcoins.... on: October 31, 2013, 08:48:59 AM
glad for you OP, you must be happy Roll Eyes
187  Economy / Speculation / Re: Bitcoin Price?! on: October 31, 2013, 08:25:06 AM
Also good news because you are not full anonymous with bitcoin.

You can be fully anonymous if you want to, using tor.


Wow. I feel bad for all the newbs that believe this -- it seems to be a prevalent attitude.

but, but... the 6th member from lulzsec?  Shocked
188  Economy / Lending / Re: [Funded] 10.5 btc @ 2% through btcjam on: October 30, 2013, 09:05:59 PM
can you as us resident get in legal trouble for not paying back btcjam.com loans?
189  Other / Off-topic / Re: Bitcoin memes! on: October 29, 2013, 10:53:36 PM





Been waiting for this the moment I clicked thread, thanks
190  Economy / Service Discussion / Re: Here is how i deal with users who steal my bitcoins on: October 29, 2013, 09:25:21 PM
I don't think stealing is the word for this.
191  Economy / Speculation / Re: Will Bitcoin cost $1,000 someday? $10,000? My opinion: No. on: October 29, 2013, 08:05:21 PM
That's the thing, Bitcoin is still in the grey aera, a couple countries made comments...
Thailand--> forbiden
Germany--> partially tax-free
Bitcoins are not illegal in Thailand, and you're supposed to pay sales tax on them in Germany.
192  Economy / Economics / Re: the effects of fractional reserve on bitcoins value on: October 29, 2013, 04:11:57 PM
(buh-bye BTCJam).




but btcjam can be really profitable if you have some funds to begin with and don't throw your money at runners/scammers?
193  Economy / Speculation / Re: Buy on panics & sell on rallies on: October 29, 2013, 09:01:59 AM
but what do you consider low?

now that china is up and running, I don't think there will be a lot of panics, could easily be wrong tho
194  Bitcoin / Bitcoin Discussion / Re: Should the Creator of Bitcoin come forward? on: October 29, 2013, 01:24:00 AM
I can understand why the creator has not come forward, for obvious reasons, but Bitcoin imo would be taken much more seriously to the majority of big investors if the creator was at least contactable. So I vote, yes!

but its open source, for every programmer to inspect
195  Economy / Speculation / Re: Current pattern [bullish]: Cup and Handle on: October 29, 2013, 12:13:03 AM
Clear rocket launch pad forming IMO:





196  Bitcoin / Bitcoin Discussion / Re: China Trades 58k btc rest of the World 34k on: October 28, 2013, 09:08:34 PM
The problem of supply and demand of bitcoins can be solved with Fractional Reserve Banking. With 1% margin requirement on bitcoin banks we would have the potential of 2.1 billion bitcoin notes (IOU) issued by banks.

Fractional reserve banking can solve any problem.  Ahem.

not sure if sarcasm
197  Other / Beginners & Help / Re: Alt-Coins on: October 27, 2013, 09:08:27 PM
Might aswell dump this link here.

http://coinmarketcap.com/

Basically just an overview over all the different crypto currencies, their price and market cap.
198  Other / Beginners & Help / Re: How old are you and what brought you into Bitcoin? on: October 27, 2013, 07:49:06 PM
51, and i plan on using the coins to pay for my shady activities with ladies of the night. 

Cheesy
199  Other / Beginners & Help / Re: Questions from a newbie on: October 27, 2013, 07:35:49 PM
Quote
You might try mining Primecoin and exchange to BTC. But hard to say if it is worth even with free electricity because notebooks overheats a lot if under constant high load - thus reduced lifetime

damn, didn't realise that.. I might stick to trading only, thanks

Quote
Really, any amount that you don't need convenient access to (regardless of whether that amount is 0.01 BTC or 1000 BTC) should probably be stored in a paperwallet.  There isn't a good reason not to.

thx, I think that was what I was looking for

Quote
I don't understand what you mean by "stored deep down".  I fail to see how a rise in value will halt the economy (which seems to be humming along just fine in spite of this "amazing rise").  Perhaps you can better explain your concerns?

I meant people might wanna hold on to their bitcoins, which in the end would limit transactions, thus hurt the economy (just an assumption, so feel free to voice your opinion)

Quote
FBI has a millions of USD worth of BTC But they will be tied up for years.  You can search the forum there is entry on 25 largest blocks. they could cause some short term dips buy my opinion is that's it sort term.

Yea, I heard they seized DPRs wallet, and they are probably gonna be tied up for some years as you said, however even if a dip comes- should they dump all the coins, I don't think the crash would be anywhere near as bad as prior, since mtgox aren't the only big exchange anymore

Quote
2nd people often buy now

I am hesitant when to throw all my disposable fiat into bitcoins (kinda hoping for a crash so I can get on the boat Tongue), again any advice, useful info etc are greatly appreciated

Thanks for your help!

200  Other / Beginners & Help / Questions from a newbie on: October 27, 2013, 06:11:16 PM
Hey, I just recently picked up on bitcoins seriously (heard about it in '11, but spiked my interest again lately)

1. Other than buying significant amounts of bitcoins, are there any decent way to get your hands on coins? (faucets & gambling excluded, obviuosly)
Heard about mining alt currencies to trade for bitcoins on online exchanges, since bitcoin mining supposedly is too hard/unprofitable now.. I have acces to free electricity and have a macbook pro 15 quad core 2gz, can i get any significant amount from this, and if so, what would be the best way to execute it? (I prefer not to invest in any mining equiptment, since most of it will probably go to buy bitcoins)

2. I have approx 2-3k USD at disposal which I will probably throw into an exchange, maybe try and play the markets with 10% and just hold the remaining 90%.. are online wallets like inputs and blockchain secure enough, and at what amount would you advance to brainwallet/paperwallet?

3. I got the impression alot of bitcoins is stored deep down and won't be in the circulation for a long time, due to the amazing rise in value in recent years.. I fear this would somehow halt its economy and push the price further up, even tho it's economy won't be thriving.. Am i completely wrong in these assumptions?

Thanks in advance

edit: typos
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