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1901  Economy / Service Discussion / Re: Satoshi vanished! on: December 10, 2016, 11:43:04 AM
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Stop posting nonsense the website that OP's telling about is just a faucet site not a HYIP or a cloud mining site, try to browse in google first before accusing.
Edit: It looks like the site is down.

I only assumed it was a ponzi because when indeed I opened it, it was already down/closed. So I had no information to base that it was a faucet site. All this time I thought it was a ponzi site that took OP's money and suddenly closed the site down. Sorry bout that.

Maybe the site ran out of Bitcoins to give out, so it closed. Maybe that's the cause why OP's satoshi was gone.
1902  Economy / Gambling discussion / Re: How many BTC do you gamble with? on: December 09, 2016, 03:32:15 PM
I don't gamble too much. And if I do, I just use up 0.001 Bitcoins. I just try to double it and if I lose this bank roll then I walk away. Usually I just lose it and when I double it I just run and never look back. So far, summing up my gambling history, I think I lost more than I earned. It's pretty hard to gamble I think I don't have that gambler's luck.
1903  Economy / Services / Re: BitConnect Coin Signature & Avatar Campaign | Earn upto 0.0011 BTC/Post | [CFNP] on: December 09, 2016, 02:36:15 PM

Confirming too that I have received payment. Thanks sir!
1904  Bitcoin / Bitcoin Discussion / Re: Isn't it time for a new service in place of Coinbase/Circle in another country? on: December 09, 2016, 02:25:52 PM
Maybe we need some kind of decentralized market or bitcoin service than have another company in any country. Since bitcoin is decentralized maybe the buy and sell market should also be decentralized. I just don't know how this will happen if there would be no entity checking on the transactions and how we as users will check every person's trustworthiness.
1905  Economy / Service Discussion / Re: Satoshi vanished! on: December 08, 2016, 08:05:20 AM
This is just a Ponzi investment site that turned into a scam like what they said. Usually these sites just last for a few days to a few weeks. In the end, there is no real investment in these site. They just pay members with other member's money and run with their remaining balance. So in your case, you just got scammed. Say good bye to your investments.
1906  Bitcoin / Mining / Re: Antminer R4 - My Project on: December 08, 2016, 07:30:49 AM
I just realize that Miners can be used to heat places. I live in a hot place in the world and my miner doesn't serve two purposes like where you guys live. It's kind of awesome to think that your heater produces money and not just burn your money. Probably the best place to use miners is like greenland or somewhere that freezing the whole year. That would maximize the heating of miners the whole year and you don't have to cool your server room.
1907  Bitcoin / Bitcoin Discussion / Re: If a person has millions of Bitcoin and he dies one day................. on: December 08, 2016, 06:02:48 AM
It is a possibility people should consider. Let me share some possible solutions to the problem:

1.You have a paper written in "your things" with instructions on how to access your bitcoins/wealth, including detailed instructions on how to use bitcoin or whatever it is. When you die, people will automatically look in "your things" then it should be found by someone close.

2.You keep your wealth in a bank, where the government has complete access and can simply divide the wealth to your remaining family or it just goes back to government's treasury.

There is a problem with your 1st solution. What if they don't find that thing where you wrote the private key or password to your online wallet? Then it will still be lost then. What if the one who found it does not know about bitcoin? Then they will just ignore your writing.

Regarding the second solution. We talking about bitcoin. There is no bitcoin bank as of yet. So this is not viable. You don't deposit your bitcoins in banks, how will banks distribute them if they don't have access to your bitcoins. They don't actually don't have any service regarding bitcoin, in fact.
1908  Economy / Economics / Re: Why Bitcoin has power nowadays ? on: December 08, 2016, 05:48:14 AM
Bitcoin is the father of all cryptocurrencies. The first and the one that still active and trending. Not like any other cryptocurrencies, it is really good for investments. Not only for investments but also helps people to transact with fast for only a cheap fees. You dont need to worry about privacy because are anonimous when use bitcoin. This is the power of bitcoin, the freedom.

That is so true. But Bitcoin is still unstable and a lot of new people who uses it are afraid of this volatility. The prices has huge deeps and this scares investors who might want to invest in it. I think this is the problem when big services and companies are not yet adopting bitcoin. If we get that stability then we might see more power to the Bitcoin and it will be adopted by the whole world.
1909  Economy / Gambling discussion / Re: Do you play Dice with Autobet? on: December 07, 2016, 05:12:49 PM
For me yes, I'm too lazy to click and click and click. There's too much action going on my fingers and it kind of hurts my whole hand. I would say though, that whenever I try not to use Autobet I get more luck. I don't know why, maybe because I see how it rolls or probably because the system is cheating autobet, who knows. The end of it all, I just enjoy looking at the autobets.
1910  Economy / Gambling discussion / Re: management of risk and money on gambling on: December 07, 2016, 04:49:24 PM
managing risk and money for me are the same thing when it comes to gambling. and since they are similar to me, i do a similar thing for both of them it means i have  a set amount of money that i always gamble with and that depends on how much i have earned. then it is time for a strategy. and for that i use different types of strategy for different games in all of them i always have that amount of money in my mind which forces me to be more careful and essentially lose less.
it is mandatory to play gambling. when we can not do the management of the money we then we could lose all that we have. it is the biggest risk that will be faced by everyone. management is our way to win every game and also benefit.

Just how do you win every game? Unless you are saying that you will use a martin gale system and assuming that you have unlimited funds. You cant manage your gambling. It's practically impossible. This is a game of chance and statistics would say that you will lose everything after n number of tries. So just play it. If you lose your bank roll, good luck next time. Just don't gamble everything you have.
1911  Economy / Service Discussion / Re: Skrill now lets you upload money via bitcoin on: December 07, 2016, 02:27:16 PM
This is great news for bitcoin yet again! More and more big companies and services are adopting bitcoin. This is an enormous opportunity for us who already are using bitcoin. We have a head start from the rest of the world. Getting more people to use it would most likely increase the prices due to more demand. I hope larger corporations adopt bitcoin, like Amazon and Paypal.
1912  Economy / Trading Discussion / Re: unlicensed money transmission on: December 07, 2016, 01:05:58 PM
Let's not read anything into this.  Don't do anything illegal. 

From a mining perspective the only plan I have to make a profit is to max holdings and not sell until btc is north of $1,250.

I was just wondering if a simple transaction (bitcoin sale/purchase) between two people was an unlicensed money transaction.

Thanks for everyone replying


As what I said from my previous post, I don't think it's illegal. If no law punishes what you are doing then you won't be liable for anything you did that is legal. Check your laws about bitcoin (I don't think there has been any passed yet). Based from your transactions, then you are safe. There is no law that prevents you from selling bitcoins, just do note about tax. In most countries, you could be jailed for not paying taxes. It's better to check with an accountant how you'd have to declare those earnings.
1913  Economy / Trading Discussion / Re: unlicensed money transmission on: December 06, 2016, 04:18:41 PM
So, the only "Safe" way to sell bitcoins in the USA is to sell on an exchange?

You can sell it directly to anyone and even through localbitcoins. Technically you are just selling an item not exchanging currency. Since in the US, the government has classified Bitcoins as a commodity this would mean you are just selling something to someone willing to buy it. There currently no laws that prevent you from selling Bitcoins hence you are safe. Your only problem would be taxation on these transactions. Hypothetically, if you bought bitcoins at $100 and sell them at $200, then you gained an income of $100.  Because any income is taxable, even it came from illegal activities. Just take the mafia as an example, Al Capone was never convicted for any illegal activities done by the mafia. He was convicted because of not paying taxes.
1914  Economy / Services / Re: Looking for Bitcoin debt collector (UK) on: December 06, 2016, 04:03:14 PM
In the legal point of view, I don't think you will have a chance of getting this debt paid at all. Four things you need to prove.

1. The contract of loan.
2. The user is actually the guy in real life (will be hard if he really hid his identity).
3. The transaction sending the bitcoins to him.
4. Why you have the right to collect on behalf of the original creditor.

Also, I am not sure if this applies to the UK, but there is a rule regarding sending demand and also prescription (until when you can collect, and if you don't it would mean you are estopped from collecting anymore). Legally, you might have a problem here. You might have to resort to harsher methods and maybe rough him up a bit, show you're serious. Mafia style, I don't recommend doing it, though, as you might go to jail.
1915  Economy / Economics / Re: Youtuber Crushes 1 Kilo Gold Bar Worth $40k, Hilarity Ensues on: December 06, 2016, 03:49:29 PM
I don't think that gold bar have even lost 1 gram after this pressing, it was just pressed which may have increased its density but when it will be weighed it will be not less than 1 kilo. NOTHING is lost, this is just a stunt by youtuber to get more subscribers/views  and i think he have taken that gold bar just in rent and now after this he may have return it.  Grin

haven't you finished high school yet?
density is mass per unit volume which means you divide mass (which has not changed) on the volume (which also has not changed)!

I don't think piloder has questioned the change in mass or volume. Probably you have to read what he said first. Indeed there was no loss of any aspect as the thing just changed shape or just split into pieces. But there was no physical or chemical change in the matter. Hence the gold bar just changed its shape, not its consistency, chemical makeup, atomic particle, etc. Therefore, it did not lose any value regarding weighing the amount of gold left. People are just overacting here. There is nothing to argue about the physics of things.
1916  Economy / Economics / Re: Alibaba’s Jack Ma: “Everyone Should Have a Bank Account.” on: December 06, 2016, 01:25:05 PM
Jack Ma is no stranger to bitcoin. Alibaba group was exploring blockchain options.earlier this year and have been involved in some BTC related ventures too

https://bitcoinmagazine.com/articles/chinese-e-commerce-giant-alibaba-explores-blockchain-based-cloud-service-platform-1454360796

A bank account is the cornerstone of financial transactions in capitalist society at the moment and bitcoin's adoption has so far been complementrary to that for IRL transactions. Jack knows that bank services are coming first for the developing world.

Jack Mas statement of bringing the bank to the unbanked with the use of bitcoin is a shocking news that will bring two possible result its either positive or negative. The negative thing maybe is the rise of the monopoly, the bitcoin billionaires will really become more richer and will have a control on the market if bitcoin will be engaged in banks. THe positive thing would be that our bitcoin will be more secured and the value of bitcoin will be known in the world faster through the presence of banks and also the super inflation on bitcoins price is possible to happen.

Wow. I didn't know about these developments. If he did go with bitcoins, he would no longer need banks, and then his whole business would use Bitcoins. That would be big news for the Bitcoin community! If it does happen, Bitcoin prices will inevitably shoot up. Bitcoin will be adopted faster, and the world will most probably also follow suit. If Alibaba would be successful in implementing bitcoin in their platform for sure eBay and other companies will follow!
1917  Economy / Economics / Re: Alibaba’s Jack Ma: “Everyone Should Have a Bank Account.” on: December 06, 2016, 09:14:36 AM
Alibaba is not a good exemple. These are typically the easy rich people. They have so much money that they don't care about losing a bit because they are earning a lot regularly, like football players. They're so rich that they reimburse you without doing any kind of verification about your allegations of your product being faulted.

Instant rich or not. People should still have banks. How do you expect to store that much money? It's practical to still have a bank. Whenever Jack Ma, would have a large deal he would pay for it using checks or bank transfers. If he didn't have a bank, he would have to physically bring his money to whoever he needs to pay. There are more risks and inconveniences not having banks than having one.
1918  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitconnect Coin - Decentralized Cryptocurrency [ICO Live] on: December 06, 2016, 08:44:35 AM
POW and a ico. Thats the perfect recipe for failure.

Why would you say this and where is your basis?

Bitconnect Coin Twitter Camapaign Started
Visit Here-https://bitcointalk.org/index.php?topic=1706046.new#new

Do you have facebook campaign ..
Had 30 facebook groups and 8 facebook pages that crypto currency related I have sent you an offer but if you do have a facebook campaign please let us know so I can participate,facebook campaign is one of the best campaign to launch.

I don't want to jump the gun, but I think they don't have one yet. Let's wait and have edwardard answer this question.

I would say this is a good way to promote the ICO and the altcoin, specially if your Facebook group and pages have a lot of potential investors. I would say before getting your service; we should first check the activity of the groups and pages. So we could determine if it's a sound investment for advertising.
1919  Economy / Economics / Re: Youtuber Crushes 1 Kilo Gold Bar Worth $40k, Hilarity Ensues on: December 05, 2016, 04:16:32 PM
Some guy also destroyed a real diamond and isn't that money also? I think it is the same guy because it was also destroyed using a hydraulic. The guy obviously have wierd issu with his hydraulic crushing.

I would say crushing a gold bar would be extremely different than crushing a diamond. When you crush a gold bar, you can just pick-up the pieces then just melt them again into a gold bar. Easy peasy. Unlike if you crush a diamond, you can do what you did with gold. Diamonds takes hundred/thousands/millions of years to create and crushing one will destroy the value of it (part of it that is). The larger the diamond, the more expensive it is, if you crush it, you get smaller pieces which value less than the large one.

Regards people commenting on the video. Too much ignorant people post a stupid comment on any video. It will never end here or any video for that matter. Those people commenting don't even care to understand what the point of the video is. Fist of all, they would not crush that thing just for laughs (on their side at least). They do it for money too. They have advertisers and sponsors paying for the stupid crushing hydraulic press they have there. And most probably, the gold that was crushed will not be theirs to keep. For sure it will be melted back into a bar and wait to be crushed again.
1920  Bitcoin / Bitcoin Discussion / Re: CoinSource = joke on: December 05, 2016, 04:04:34 PM
They want to get back the money they've spent on the machine fast and ATMs are quite expensive and the market unstable, so I completely understand them.

Haha no, just joking, they're just greedy. Grin

Nah, your joke was real here. The company is trying it's best just to trick people to use their machines. Imagine if 10/100 would be using the machine and didn't know the currency price of bitcoin. That's already a good margin for them. Lesser transactions with high income per transaction are probably their aim. They are probably hoping they can get people to buy because of convenience. At the rate of an additional 8% per transaction that's steep. I already hate paying an additional 1% on my purchases and sale of my coins. Now, this thing charges eight times the rate I hate. Now that's a frustrating machine.
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