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18661  Other / Off-topic / Re: Transcendence Official Trailer #1 (HD) Johnny Depp, Morgan Freeman... on: December 23, 2013, 08:42:02 PM
This is Wally Pfister's first feature film, which has me all sorts of excited. He's the cinematographer who worked with Christopher Nolan on The Dark Knight, Inception, etc. In other words, on a visual level, he's amazing.

He's also worked on a commercial with a friend of mine and he's apparently a really good guy. For whatever it's worth.

Can't wait to see it!

I thought this was the new Nolan film, but I guess I was getting it mixed up with Interstellar.
18662  Economy / Economics / Re: Designing a proper altcoin! on: December 23, 2013, 08:31:13 PM
@hilariousandco: I mean one cannot replicate the success of bitcoin simply creating bitcoin 2 or litecoin 2. I have edited the original message for clarity.

Ah, ok. I think Litecoin could be dethroned, even though it's still ahead of the pack, but only because it was one of the first altcoins to come out. If it can't get many merchants behind it I could see it lagging behind and being overtaken quite easily.
18663  Other / Meta / Re: Moderator application on: December 23, 2013, 08:21:33 PM
Wrong

You have reported 9 posts with 100% accuracy

This is good, it shows I'm not on a power trip and will intervene only when necessary.

How is this accuracy counted exactly? I just reported a spambot, clicked back and it already had accepted it and added to my accuracy score. I assumed a mod would check it before granting a plus or minus point.
18664  Other / Beginners & Help / Re: Dangerous to invest in new Altcoins? on: December 23, 2013, 08:15:29 PM
Hi guys,

I was wondering if it is dangerous to invest in new Altcoins? I mean, when you look at all the charts, every new coin launches pretty high, or it increases to a high peak and after that it decreases every time. Lots of altcoins are freefalling. So, the question is, are the lot of them a pure pump&dump scheme or a scam so the developer can cash in pretty big? I mean what is the point of all the altcoins when they don't "innovate" over the altcoins; i.e. NXT/QRK coins are indeed an innovation over BTC in the sense it has at least another encryption method.

If we're being honest most are just get rich quick attempts. Very few offer anything new or have any longterm goals or have any longevity. So yes, investing in altcoins can be a dangerous investment, but so can any other investments.
18665  Other / Beginners & Help / Re: POLL: What got you into coins? on: December 23, 2013, 08:12:47 PM
I think I first heard about them through the first media coverage of Silk Road. The best way to promote BTC and cryptos is to just keep telling people about them.
18666  Economy / Economics / Re: Designing a proper altcoin! on: December 23, 2013, 08:00:50 PM
Good replies. First of all, to make something clear: this is only brainstorming / wishful thinking.

My thinking is: bitcoin is gold; litecoin is silver. These cannot be cloned

What do you mean they can't be cloned?
18667  Other / Beginners & Help / Re: Alt-Coins on: December 23, 2013, 07:57:58 PM
TagCoin has not only a built in auction website, but classifieds, rewards, community building, membership charging and a lot more...however, it is not just tagcoin which we created, but many other coins as well..

Where's the auction website at?
18668  Economy / Economics / Re: Bitcoins for Zimbabwe! on: December 23, 2013, 07:54:02 PM
Yep .. if you want to be a FIAT trillionaire you can buy one of those on ebay Wink I had one already



 Grin

Haha, I might buy one or two just for the novelty.
18669  Economy / Economics / Re: Alleged Top Moderators Of Silk Road 2 Forums Arrested In Ireland, U.S. In Intern on: December 23, 2013, 07:46:18 PM

Who's going to be stupid enough to start the next black market?

DPR is going to jail. Tomas from SM is either going to jail or getting murdered. SR2 people are probably going to jail.

But of course the next time will be different. Whoever starts the next one is smarter and won't get caught, right?

Well, there's obviously a hell of a lot of money to be made, and if you're wise you can remain anonymous and successful. I think you've just got to ask yourself is it worth it?

And it was only a couple of mods that got snatched. SR and current DPR are still going.
18670  Economy / Economics / Re: Designing a proper altcoin! on: December 23, 2013, 07:40:02 PM
Since when do pre-mines bother most of alt coins early adopters?  Cheesy
18671  Bitcoin / Bitcoin Discussion / Re: Last Minute Xmas Presents: BTC Paper Wallets on: December 23, 2013, 07:35:50 PM
Like http://bitaddress.org but with nice artwork for denominations 50 100 250 500 1000 mBTC - somebody do it!  Smiley

You can't present a paper bitcoin wallet as a gift because you already know a private key and can preserve it.

Of course you can.

As well as you can present a banknote which is lie in your pocket. As I say. Or, if it sounds better, you can present a car or a house without rewriting it's ownership in local authority. Presents of such sort when the grantor remains in a full control of a present looks strange isn't it?

Not really. They don't have to keep full control of it.
18672  Bitcoin / Bitcoin Discussion / Re: Bitcoin is not the problem its the current users. on: December 23, 2013, 07:32:49 PM
I feel that Bitcoin is currently undergoing a power struggle. Between the speculators and the believers.



I actually see it being more of an image issue.

Majority of people out there have heard that bitcoin is used for lots of illegal activities, if not that, then its loved by the anarchocapitalists and ultra libertarians who want to take down the government.
 

Those are bad things?  Cheesy And I think Bitcoin only has an image issue to those who are ignorant and naive.
18673  Other / Beginners & Help / Re: Alt-Coins on: December 23, 2013, 07:27:15 PM
Reading through the altcoin postings, it seems a lot don't focus enough on community building. You can't really have a currency without people actively supporting it. One of the postings I saw was just an enumeration of the coin's stats and a download link. It must take a decent amount of work to create a new altcoin, but I think that's only the smaller part of the work involved in publishing an altcoin.

I think community is a massive part of an alt coins su'ccess. You also need some forward thinking developers and individuals who will work to publicise and push the coin towards merchants. One coin I do think has this is Feathercoin. The free-to-use ebay style market is also a big plus. I don't think any other coin has their own auction-site built in as of yet.

18674  Bitcoin / Bitcoin Discussion / Re: Women of Bitcoin, Yes there's women on: December 23, 2013, 07:22:53 PM

It's the other way around. Woman are generally less interested in these topics.


OMG SEXIST! Cheesy

My wife was there with me so that adds one more female in attendance but she really could care less about Bitcoin. She calls it another one of my "strange hobbies".

Does she have any strange hobbies, apart from following you around strange conventions?
18675  Bitcoin / Bitcoin Discussion / Re: Last Minute Xmas Presents: BTC Paper Wallets on: December 23, 2013, 07:20:00 PM
Like http://bitaddress.org but with nice artwork for denominations 50 100 250 500 1000 mBTC - somebody do it!  Smiley

You can't present a paper bitcoin wallet as a gift because you already know a private key and can preserve it.

Of course you can.

Yeah it's a gift meaning you are paying for it out of pocket willingly. Are you going to go back and steal the coins after you've gifted them away? Makes no sense.

You could also argue that if you give giftcards you might clone them first  Cheesy.
18676  Bitcoin / Bitcoin Discussion / Re: Women of Bitcoin, Yes there's women on: December 23, 2013, 07:15:38 PM
The reason there are fewer women in tech is because of sexism.  

That's not true at all. I'm not going to say anything else just in case I get labelled as sexist.
18677  Bitcoin / Bitcoin Discussion / Re: Last Minute Xmas Presents: BTC Paper Wallets on: December 23, 2013, 07:10:38 PM
Like http://bitaddress.org but with nice artwork for denominations 50 100 250 500 1000 mBTC - somebody do it!  Smiley

You can't present a paper bitcoin wallet as a gift because you already know a private key and can preserve it.

Of course you can.
18678  Bitcoin / Bitcoin Discussion / Re: Women of Bitcoin, Yes there's women on: December 23, 2013, 07:05:04 PM
As soon as I saw the blonde girl I was like 100% booth babe. If she had 0.00000001 BTC I would be surprised.
I wish the Indian girl talked ;(

You'd think they could get better booth babes though.

yeah I also wasn't very "wow'ed" by that blonde

Next to average looks she was also stupid as hell. It's probably in her best interest not to talk to much.

That was painful to watch. Obviously they'd only hired her as some kind of "eye candy". And lol at Phineas Gage.
18679  Economy / Speculation / Re: More retailers accepting Bitcoin could cause the price to drop...... on: December 23, 2013, 06:48:16 PM
I don't see how more retailers accepting Bitcoin could cause the price to drop at all. The BTC won't be dumped on the market, they will just be funneled back into it.

Overstock have stated that as soon as they make a sale and are paid in BTC they will convert it straight to fiat. Now if this a gradual process that will be fine but imagine if for example:

1000 shoppers spend 0.25BTC in 1 day - 250BTC in total

Overstock will then covert this BTC to fiat instantly, I was merely meaning that as Overstock (and other retailers following this practice) try to sell this much BTC in one day, everyday, there will need to be increased demand for BTC to sustain the prices.

Retailers choosing to adopt BTC should NOT be converting it instantly to fiat - in my opinion.

But the money is just passing through Overstocks then back out the other side. Obviously some business will keep hold of Bitcoin maybe with the intention of an investment, but other big business will need the money liquidating and free-flowing.
18680  Economy / Economics / Re: another reason banks failing - chase limit withdrawal $100 after target on: December 23, 2013, 06:42:02 PM
This is one more reason why one should never use a debit card. I use cash, credit cards, cheques and now Bitcoin instead. The advantage of a credit card over a debit card in this situation is that one's bank account is not impacted. As for cash and Bitcoin the advantages are clear. Cheques being an older, and unpopular, method of payment are also way less likely to this kind of fraud.

No, but it could fuck up your credit rating, especially if you can't prove fraud was involved. At least if they gain access to your debit card they can only spend the funds in there and not max out your credit.

I think the "Chase" stands for JP morgan CHASE :-), you had probably heard about that one, didnt you :-).

Indeed. This is one of the largest banks worldwide. Being European is no excuse to have never heard of this one Smiley

I don't think I've ever seen a JP Morgan / Chase bank in the UK, but obviously if you follow current /world affairs you'll have heard of it.
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