You guys need to stop mentally masturbating about price changes so much seriously, its not even good for mental health. Just hold and go to beach.
This volatility is what drives new people to bitcoins, in the hope of becoming rich very quickly.  |
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What sort of transaction charges (or bid-ask spread) will you incur when you convert INR into bitcoins. From what I have seen at exchanges, this could be pretty high. It might even be more than bank charges for converting INR into GBP.
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The current price manipulation is due lack of big news and because of the Ethereum scam cashing out causing panic buy on weak hands. The price will recover.
Relative stability at around $500 over the past 3 days. I know it is a short period, but it is a relief from the wild swings of last week. |
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Overstock has long been known as a domestic and electronic product retailer serving thousands of customers in the region of America. The brand hit the news a few months ago when plans for it to accept Bitcoin as a form of payment were first released. Once again the retailer has hit the headlines for similar reasons as it plans to start allowing international customers, from all over the world, to pay with Bitcoin. Read the full story completely @ http://coinfinance.com/news/overstock-to-let-international-customers-pay-with-bitcoinTheir CEO is very pro bitcoin. They are going to pay their employees' bonuses in BTC this year and are retaining 10% of their BTC revenue in their "coffers" They are making a very big bet on bitcoin and this is not at all unexpected IMO. The employees who choose to get paid in BTC are going to get a little bit extra as well. Isn't that wonderful. |
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Cristina Hitchens is a massive delusional spastic that doesn't get you can't defy the status quo without a more solid plan than saying "we are not paying that debt" then expecting things to not get royalty fucked up.
Just trying to get the vulture investors to back down. |
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Villan or not? I don't know. Few months back, I've had brief passionate discussion with Mr. Subramanian about Bitcoin and bitcoin. He had amazing understanding of both like scholar. I've been contemplating on other side since that meeting.
He seems to have got his facts wrong in this interview. His understanding can be improved. If you're talking about my facts/understanding then frankly I'm struggling to improve when it comes to tech giant like bitcoin. And if you've questioning his understanding/facts then, you might be right Mr. Satoshi. Sarcasm does not suit you, my friend. I will not join issue with you on this one. All you have to do is read the posts in this thread and you will have your answer. |
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If you didn't receive payment and have Pmed me I am working through those
- snip -
Hi Stunna, I have sent PMs to you and Micro. Hope this gets sorted out. |
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Over 500! it would be so awsome if it goes back to $1000 and higher and higher
It once again shows us what we should do when others are panic-selling their bitcoin lol. If you bought some cheap coin 2 days ago, you would have got an easy 10% profit. Some people would have thought they were buying cheap when bitcoin dropped from $600 to $550.  |
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How would capital controls work in the bitcoin era?
Right now, we have restrictions on how much FX an individual can transfer out of India. Since banks and authorized forex dealers are about the only way a person can procure FX, the government is able to monitor this.
Once bitcoins are easily available, what prevents a person from buying BTC and sending them across to another person outside India. Would you need an established and trusted 'hawala' operator to transfer funds outside India?
Here I'm assuming your 'capital control' in negative connotation. Okay? 'Black Money' makes approximately 51% of our GDP which makes mandatory for government to control capital flight. Usually, capital control is done by controlling transfer of money and monitoring it to find illegal activity. Accessing 'black money' is simple in India, but clearing them internationally is almost impossible. Our government executes controls capital by controlling transfer. When it comes to Bitcoin, 'black bitcoin' is inaccessible to most of people which is needed for capital flight. I believe, government cannot control transfer for Bitcoins but then can control out access to it. Therefore, in future, they'll limit access/monitor for capital control which will be done by regulating Buysellbitco.in, Unocoin.com, Igot.com etc. Simple to execute then said! In a long run, miners will help do it. Cheers, ZeroSum Believer I believe it would be difficult to segregate bitcoins into 'black' and 'white'. There effectively would be a premium for bitcoins bought in exchanges and sold for 'cash'. It would be very difficult for the government to track the flow of bitcoins from exchanges. Edan Yago at work! It is very very very easy for government to track flow of Bitcoin from exchange(s). Among all, you must have known my friend. I doubt it is going to be easy once people stop hoarding coins and actually start using them. Plus there are always mixing services. |
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Villan or not? I don't know. Few months back, I've had brief passionate discussion with Mr. Subramanian about Bitcoin and bitcoin. He had amazing understanding of both like scholar. I've been contemplating on other side since that meeting.
He seems to have got his facts wrong in this interview. His understanding can be improved. |
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damn...I got fired...need a job...lol
A lot of us are in the same boat.  |
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You can join the Luckybit campaign.
You will be able to get 0.05 btc for making just 50 posts a month.
Coinpiler is paying a bit more. A Member gets 0.06 BTC for 52 posts. That is better, right? Kindly, MZ Both of them are nearly full. Coinpiler have not made any payments to verify that they are trusted. Luckybit have paid out successfully for a few rounds already. Even though coinpiler pays more than luckybit, some member may decide to go to Luckybit since it seems more trusted. Since it is weekly payout, people seem to be ready to take risk with Coinpiler, although there is no escrow. The rates are pretty good. |
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How would capital controls work in the bitcoin era?
Right now, we have restrictions on how much FX an individual can transfer out of India. Since banks and authorized forex dealers are about the only way a person can procure FX, the government is able to monitor this.
Once bitcoins are easily available, what prevents a person from buying BTC and sending them across to another person outside India. Would you need an established and trusted 'hawala' operator to transfer funds outside India?
Here I'm assuming your 'capital control' in negative connotation. Okay? 'Black Money' makes approximately 51% of our GDP which makes mandatory for government to control capital flight. Usually, capital control is done by controlling transfer of money and monitoring it to find illegal activity. Accessing 'black money' is simple in India, but clearing them internationally is almost impossible. Our government executes controls capital by controlling transfer. When it comes to Bitcoin, 'black bitcoin' is inaccessible to most of people which is needed for capital flight. I believe, government cannot control transfer for Bitcoins but then can control out access to it. Therefore, in future, they'll limit access/monitor for capital control which will be done by regulating Buysellbitco.in, Unocoin.com, Igot.com etc. Simple to execute then said! In a long run, miners will help do it. Cheers, ZeroSum Believer I believe it would be difficult to segregate bitcoins into 'black' and 'white'. There effectively would be a premium for bitcoins bought in exchanges and sold for 'cash'. It would be very difficult for the government to track the flow of bitcoins from exchanges. |
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I would like to join the campaign as well
Member type: Member
Current Post: 462
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I have not received my payment yet... Stunna...sent you a PM. I was the one that was leaving the country, so I sent my post count ahead of time. Please let me know once you have gotten my PM...thanks!
Hi Stunna.... I am in a similar situation. Have sent you a PM.... thanks! |
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I am just posting my post count here for reference.
Post Count: 460
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The last time ayush tried to take action, the cops chased him away, hence couldn't we call the guy at odd times of the night to disturb him? Maybe flood him with messages on whatsapp and otherwise? I know this sounds childish, but what else can be done when the people who are supposed to protect us from such anti-social elements are shooing us away!  He probably would just switch off his phone at night.  |
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To remain competitive, facebook will cave in the way apple did.
What happen with apple? Send me the link. Apple started allowing bitcoin wallet applications. Facebook, more or less, has a monopoly. |
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