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1901  Other / Beginners & Help / Re: Best signature campaign for "member" rank? on: August 14, 2014, 12:27:01 AM
If you don't want primedice, bitstar is open for member;
50 mBTC for 50 posts, same by post as senior


https://bitcointalk.org/index.php?topic=734298.0

Nice campaign, but let us hope it lasts.  Smiley
1902  Economy / Speculation / Re: Will bitcoin ever reach $1000 dollars again? on: August 14, 2014, 12:25:12 AM
Pure speculation but I think within a year btc should easily reach $1000 if not higher.

We're currently at a very difficult moment for Bitcoin. It's interesting to see that there are people who say that USD $1000 is a sure thing, and other say bitcoin will ultimately fail completely. Difficult times, indeed!

Bitcoin seems to be reacting only to negative news now. Positive news is absorbed without even a blip!

It's not reacting to news at all; whales have simply stopped pumping it in order to buy cheaper coins, and this triggered a chain-reaction of panic selling.

Why doesn't Tim Draper step in to buy a few bitcoins now?  Grin
1903  Local / Press & News from India / [2014-08-11] WSJ: BitBeat on: August 13, 2014, 06:45:40 PM

BitBeat: Blockchain Hits Two Million Wallets Amid Strong Interest in Bitcoin


http://blogs.wsj.com/moneybeat/2014/08/11/bitbeat-blockchain-hits-two-million-wallet-amid-strong-interest-in-bitcoin/


- On paper, India looks like a bitcoiner’s dream. The country has the world’s second-largest population. It has half a billion “unbanked” poor people and an enormous global diaspora of Indian emigrants, representing a giant potential market for digital remittances and payments. It also has a couple of hundred million tech-savvy middle-class citizens, the kind who should be ready and able to embrace, develop and promote cryptocurrency technology.
1904  Economy / Economics / Re: Facebook accepts Bitcoin? on: August 13, 2014, 06:41:04 PM
This could be great for Facebook but if they did implement this and it was used the same way as cash is used now on Facebook you hold the coins on your account it would more than likely make either Facebook or Facebook accounts vulnerable to attack. Facebook would need to find some way to be a lot more safer that what it probably is now if they did consider accepting bitcoins. I don't see bitcoins being accepted by Facebook any time soon with these problems being a main focus.

It would be a negative for facebook credit. They may try to make facebook credit more popular, rather than integrating bitcoin.
1905  Economy / Economics / Re: Making your investment grow in a bitcoin economy on: August 13, 2014, 06:39:00 PM
mm interesting...

Quote
Watch out for scam if you want to invest in start up companies. Check out the market security sub-forum and see how many of the so called start up end up going bust either due to scam, incompetent or government regulation.

Right !
Creating a ponzi schema or a pump and dump coin is sounding attractive to me !!
you will be a scammer! still risky for you! If no one is interested at the coin, you will be dead!

Not really. In a ponzi scheme, the scammer doesn't have much to lose. The people who invest at the peak - they are the ones left holding the bag.
1906  Local / India / Re: [ANN] Unocoin raises $250,000 from Barry Silbert's Bitcoin Opportunity Corp on: August 12, 2014, 04:51:17 PM
Congratulations guys!

Faith of the investment community is always good.
1907  Local / Press & News from India / [2014-08-11] Coindesk: Investment in Unocoin on: August 12, 2014, 01:32:19 AM
Barry Silbert Leads $250K Investment in Indian Bitcoin Startup Unocoin

http://www.coindesk.com/indias-unocoin-closes-250k-funding-deal-silbert-investment-fund/

The Bangalore-based company has come a long way since launching in December 2013. After dealing with initial uncertainty surrounding local regulation of digital currency businesses, it has grown into one of India’s most popular bitcoin gateways.
1908  Local / India / Re: Nuvocard on: August 11, 2014, 06:35:51 PM

Oops.... My bad.
I tried searching for it, but I guess I got no results because of a spelling error (Nuvocard instead of Nouvocard)
1909  Bitcoin / Bitcoin Discussion / Re: Wife is pregnant, how to incorporate bitcoin into the process? on: August 11, 2014, 01:02:11 AM
Congratulations.
If you just learnt that she is pregnant yesterday, you have a lot of time to think about incorporating bitcoin into the process.  Grin
By the time your kid is born, btc could be worth more than $1000.
1910  Local / India / Nuvocard on: August 11, 2014, 12:57:39 AM
Has anybody heard about Nuvocard??

http://www.nuovocard.com/news/

Nuvocard – The New Future Of Bitcoin POS ?

8th August 2014, Bhubaneswar,India: NuovoCard International, announces a ground breaking Bitcoin Point of Sale (POS) solution to trade, buy and sell using a debit card. The Nuovocard is a dual purpose combination of a magnetic card which also contains a QR code.



http://www.nuovocard.com/about-us/
Neha Arora - Founder
Neha is a passionate technologist with her speciality in the financial domain. She pursued a few ideology orienting years working as a software engineering technologist with a global Indian IT stalwart,Infosys Technologies .After which she spent passionate years in the education industry painstakingly revamping the outlook of students, bridging the gap between the knowledge and implementation, aiding trainees to innovate instead of merely implement. She is dedicated towards the cause of propagating the use of Bitcoins & other popular digital currencies to make in-store and day to day transactions truly global, decentralized on an extremely cost-effective and secure platform. She is living in India and is married to Harshvardhan Jaiswal, the founder of Cardinal Yachts Manufacturing who is an Industrial Engineer and a relentless innovator himself.
1911  Other / Politics & Society / Re: 17000 sign up to lawsuit against Facebook for supporting NSA spying on: August 11, 2014, 12:52:55 AM
Sadly the law suit won't have much ground to stand on and will just be brushed aside.
I doubt it will be brushed aside, but I don't think the plaintiffs will win. This looks like a way for class-action trial lawyers attempting to bully their way to get a settlement from facebook so they can get paid.

This was said above, but it should be said again that the best way to stop the spying is at the polls.

we must keep the independence and freedom of the digital world, i do not agreed to allow FB to track my digital wen i signed up
Facebook is always going to track you to some extent. This is just how FB is setup. Even if they were not to do it for advertising purposes, they would do it to be able to do it via whatever you post on your wall, status, other people's wall, ect.

'Targeted' advertising is the USP of internet companies like facebook and google. But sharing of information, especially of users all over the world, with the US government? I am not sure whether that is acceptable.
1912  Bitcoin / Legal / Re: is bitcoin treasure hunt legal ? on: August 11, 2014, 12:49:05 AM

Quote
Buzi’s plans to stage a Hidden Cash event in Paris, however, came to an abrupt end this week after police sent him a letter informing him that it was against the law to distribute money in public in France. The offense is punishable by six months in jail and a 30,000 euro ($40,000) fine.

http://www.france24.com/en/20140626-france-police-say-non-hidden-cash-treasure-hunt-paris/

Yikes.
Laws which go against common sense.
There must be a story about how this law originated.  Grin
1913  Economy / Speculation / Re: Will bitcoin ever reach $1000 dollars again? on: August 11, 2014, 12:46:06 AM
It will reach 1200$ at the end of the year, trust me, or not Tongue
I also believe its going to touch much high figure in December or January because mostly its happen in these days

As a result of people investing their year-end bonuses into bitcoins?  Tongue
1914  Economy / Economics / Re: Global Financial Crisis scenarios on: August 11, 2014, 12:44:40 AM
Rising money supply does not necessarily mean inflation. If the additional money supply is not lent and/or spent then it would just be more money sitting in the "bank" (aka the federal reserve). This is one reason why inflation has been so low (apart from the negative inflation prior to QE) as banks have a lot of excess reserves at the federal reserve because there is not enough demand for loans from borrowers that meet an acceptable credit risk.

If in spite of rising money supply and low interest rates, there is not enough demand for loans from borrowers, all it means is that Quantitative Easing has not really been effective.  Grin
1915  Economy / Marketplace / Re: Invest bitcoins? on: August 11, 2014, 12:40:42 AM
I think trading and making profit on the price movements or using arbitrage is the best investment.



you are right trading is a best way to earn money ! but you should know about market how rates are fluctuating in the market . you also need to take patience and have to control your greedy ness if you are greedy and wants to earn big profit in a single day or in single minute you will surely loose your money in trading . first study market and then start trading and you also need to choose a right platform which is stable here for the long term .

@hyipworld - Let us know if btclegacy returns your money after 5-6 days, or it is yet another scam.
its third day of the site but I don't want to play any more in this program ! I discus about program with many people they all said negative feedbacks to me about the site . I have earned 10% on my investment in 2 days . and its better for me from loosing money my principal Smiley hope who is playing this program they will soon open their eyes and leave this program before scam Tongue

It is great that they allowed you to take your money out.  Tongue
1916  Economy / Economics / Re: Bitcoin is a hot target for criminals and money launderers. on: August 11, 2014, 12:39:36 AM
So is every other fiat currency in the world.....

/Topic
Cash fiat is a target for criminals, however it generally will have a smaller percentage of total transaction volume of criminal transactions then what I would estimate that BTC has.

 Roll Eyes
I disagree. Fiat cash has and will be the most preferred way for transacting in the criminal world.
Cash is more anonymous than bitcoin.

Look at the numbers involved here.

http://www.globalresearch.ca/money-laundering-and-the-drug-trade-the-role-of-the-banks/5334205

”The identified problems included a once massive backlog of over 17,000 alertsidentifying possible suspicious activity that had yet to be reviewed; ineffective methods foridentifying suspicious activity; a failure to file timely Suspicious Activity Reports with U.S. law enforcement; … a 3-year failure by HBUS [a HSBC affiliate] , from mid-2006 to mid-2009, to conduct any AML monitoring of $15 billion in bulk cash transactions … a failure to monitor $60 trillion in annual wire transfer activity by customers …


And this is just one bank.  Tongue

All of these transactions were not from illegal activity, they are just transactions that should have been reported by the bank. It is likely IMO that over 99% of the transactions involved legal transactions (likely immigrants sending money home to their families) but the bank was fined because they did not report them so they could be looked at by the government.

The drug trade is estimated to be worth $400 Bn a year. What portion do you think is conducted through bitcoins?
1917  Alternate cryptocurrencies / Altcoin Discussion / Re: Who decides the total number of coins? on: August 11, 2014, 12:36:52 AM
If one of these altcoins has such a brilliant idea then what would stop it from being implemented into bitcoin? We have the testnet that allows people to test new features or anything they want so there is no real reason to have to use an altcoin to develop these new ideas. IMP people throw money at altcoins because they want to speculate on the price.

A person can force his idea to be implemented into bitcoin, if his idea initially doesn't find acceptance amongst developers. However, if he releases an altcoin, proves that people like his idea/feature, then it is more likely that these features would be integrated into bitcoin.
1918  Economy / Economics / Re: UK 10yr plan for BTC on: August 11, 2014, 12:33:52 AM
Do all governments think regulation is their primary job? Cheesy
The bitcoin economy seems to have developed pretty well without (or because of) the government not intervening.


Gov regulation will happen, the mainstream wont use bitcoin without it so as long as its "reasonable" regulation we all get rich and have extra resources to create bitcoin 2.0 to move the goal posts further.
I agree. Mild government regulation will likely cause bitcoin to get an additional amount of legitimacy and will cause increased levels of adoption.

We just have to hope that the government stops at 'mild' regulation.
Since the government is run by "the people" and for "the people" it is up to the citizens of the country to ensure this happens. If government starts to enact too much regulation then the citizens need to elect new politicians who support less regulation.

The problem is bitcoin regulation is unlikely to be an election issue. Elections will be won by politicians on various other issues and we finally have to accept the bitcoin regulation policies of the winning party.
1919  Other / Beginners & Help / Re: What are the best bitcoin faucets? on: August 11, 2014, 12:29:35 AM
I've been using faucets untill I've found this site and singed for a campaign. But here's some I've been using:

I've posted this some time ago.

First of all this can get you a fair amount of free bitcoins if you are patient, so don't expect to get rich of it, it's still free btc so let's grab as much as we can.

Second, we will be combining a few sites to max the profit.

-freebitco.in   ( freebitco.in )   this site can payout really high amount but you'll need to have a few referals in order to do so, but it's still one with the best and comfirmed payouts


-dailybitcoins.org ( dailybitcoins.org ) This is one of my favorite btc sites. Request a payment every hour, try to unleast, to recieve a payment and a VOUCHER. Now, redeem those vouchers and you can later sell them at Peerbet.org (just type in hte chat @voucher and paste your voucher code) or you can advertise with those vouchers. It is good to combine freebitco.in with coinurl and then put that shortened link, so you also get btc when someone views your ad
 

-Coinurl.com ( Coinurl.com ) great site if you have your blog or a website or in a combination with dailybitcoins. Don't have anything else much to say about this


-CoinAd.com ( CoinAd.com ) My favorite site. Very simple PTC faucet with a fairly high payouts that you can earn in 2-3 days (payouts take some time). Strongly Recomend this one


-bitcrate.me and coinbox.me   ( bitcrate.me )  ( coinbox.me )  Best colection of faucets, you can hit the minimum withdraw within a few hours and payouts are farely fast, every 6 hours I think. I also STRONGLY recomend these two


So these are my favorite. If anyone has any suggestion, tips, question, feel free to post. Cheers and good luck!


You also have coinworker.com, where you can get bitcoins for doing small tasks. The payout is small but higher than faucets. You can try this to get started on bitcoins.
1920  Alternate cryptocurrencies / Altcoin Discussion / Re: Anyone buying Ether ? on: August 11, 2014, 12:27:37 AM

One of the best conditions in the ICO are - They are not obliged to return the money if they fail to deliver. Yep! so basically a crowdfunding without a commitment. Hell even btctalk's scam ICO's are better than that.

They would say it is just a standard condition to CYA.  Cheesy
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