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1941  Bitcoin / Bitcoin Technical Support / Re: Why does new bitstamp address begin with 3 on: January 29, 2015, 03:37:02 PM
Yes, its multi-sig addr.
After so many hacks and steals, 3xxxxx addresses are more commonly occuring now.
It is said top 3 btc addresses with biggest balance now starts with 3.

1942  Bitcoin / Bitcoin Discussion / Re: Why are merchants not serious about the advantages of Bitcoin? on: January 29, 2015, 03:30:25 PM
inflationary currency where the value decreases each year (bank notes) naturally makes people want to spend it as soon as they get it.
after all if you can buy 5 loaves of bread for $10 in 2013.. you dont want to save it under a matress knowing it will only buy you 4 loaves in 2014.

bitcoin is a medium of exchange, but its attributes are more aimed at "savers", basically people that want to earn a wage and know they are securing their future by keeping a small amount of it as savings for the future, rather than spending it all as they know it has less future value.

i get paid in bitcoin and although i use bitcoin to buy stuff. i personally prefer to spend any FIAT i may have laying around far before spending my bitcoin, because as i said fiat has less future value.

many times i have bought a PC or something and then months later seen that the 3 bitcoin spend on a PC in 2013 turned into a whopping $3,600k value at xmas 2013 or a $1050 purchase today........ far more then the retail price of the PC.

the lessons people need to learn is to save bitcoin and then use the bitcoin from previous years to buy this years products. EG i was getting 60 coins a week in 2012 and that made me happy to spend just 2 bitcoins a week this year. we will see those hoarders of this year start spending their bitcoins next year once the deflationary nature of bitcoin kicks back in (bitcoins flat volatility this year, meandering around $350-$450 all year has stagnated bitcoins deflationary nature) so its a waiting game.

that said merchants like overstock need to realize a few things:
1. their product categories are not weekly spend consumables. they sell computers and stuff that people only replace once every few years. so those customers who did buy something at the start of the year, probably wont be coming back for a few years.
2. merchants like overstock who hoard coins anyway, need to realize that its not costing them a single penny to have the payment service for bitcoin available. so even if they only have 1 customer a month. overstock does not need to be paying large subscription fee's even at times of no custom.
3. once grocery stores accept it, and people get paid it as a wage (closing the loop of acceptance) it will move into the main adopter/mainstream stage
4. bitcoin is still young, like a toddler, it's not yet at the stage of being part of society. so just wait and see and things will start growing

i personally live on bitcoin (my income is 100% bitcoin and i can spend it to buy food, clothing, rent etc) once a larger group of people are true 100% bitcoiners, then merchants should see a increase of spending but should not be expecting 1million customers a month if they are not merchants selling 'weekly consumables'.

grocery stores and landlords will see more spending occur as oppose to the once a year product purchase and i know for sure that the grocery stores, and food outlets that do accept bitcoin DO see regular customers. purely because their product category is a daily/weekly consumable



Well said! People like you makes bitcoin a better currency,
and ultimately, the world a better place to dwell in.
1943  Local / 中文 (Chinese) / Re: 我特别想知道你们玩币那么久到底是赚是赔,我想听实话 on: January 29, 2015, 03:06:33 PM
按rmb算,少了。按btc算,多了
1944  Other / Meta / Re: China block VPN service on: January 28, 2015, 02:33:17 PM
Yes, it is now officially China Intranet, not Internet any more.  Cry Cry
1945  Economy / Economics / Re: Paper Money is so Dead on: January 28, 2015, 02:16:30 PM
Paper money and bitcoin is equally important

they serve their own purpose

So did shells and gold. But some are destined to fade out by and by.
1946  Economy / Service Discussion / Re: 796 lost 1,000 bitcoin on: January 28, 2015, 02:15:02 PM
It might as well be an advertisement by 796, as many have pointed out in QQ (most popular IM App in China) group chat today.
Investers also accused why 796 did not disclose more detailed info.
We should keep tracking this event.
1947  Other / Off-topic / Re: Age of bitcoin users. on: January 28, 2015, 07:35:29 AM
I'm curious about the age of bitcoin users. Post your age!
If it is bitcoin age, then I'm still very young.
Only 2 years old  Smiley
1948  Economy / Service Discussion / Re: 796 lost 1,000 bitcoin on: January 28, 2015, 06:06:07 AM
What does this mean? A little lost here
We have been tracking the progress. Hacker replaced the customer's withdrawal address with his own address. 796 will compensate the customer with shareholder's interest.

With shareholder's interest eh.

How many years would that take?

Sure this "hack" wasn't an inside job?
It has caused suspicious problems. In weibo (Chinese version of Twitter), some has argued it might be the user himself who did the job.
1949  Economy / Service Discussion / Re: 796 lost 1,000 bitcoin on: January 28, 2015, 06:04:52 AM
796 is futures trade site.
Most people there are just gamblers, speculating at 20x or even 50x original rate.
1950  Local / 中文 (Chinese) / Re: 半年前我曾发帖说比特币半年都不会涨,现在我要说:惊天涨幅即将开 on: January 28, 2015, 05:55:19 AM
比特币的未来就是两重天,天价暴涨或者彻底变成小众玩物,如到2020还没有起来,可能难再有机会。

革命事业,诸君都要努力。
1951  Local / 中文 (Chinese) / Re: 比特币是人类抵抗政府暴力印发货币的唯一途径 on: January 28, 2015, 05:28:34 AM
我到觉得是民主才是人类抵抗政府暴力印发货币的唯一途径
美国QE几年了,发了那么多美钞,也没有看到美国的通胀率有多高。
也就是只有中国这样奇葩的国家,对外在升值,对内却是贬值。

因为美国把QE的恶果转嫁给外国了。

BTC的大幅涨跌说明还在初级阶段,还有很大升值空间。等到和黄金一样稳定了,就没有多大可投资性了
1952  Economy / Speculation / Re: BTC going strong on: January 28, 2015, 05:23:00 AM
Is funny see people cry. why i did not know of bitcoin 4 years ago i could be rich by now. and then Bitcoin raise for 50% over few days. And similar will happen so everyone can still get even much richer then the  ones that bought them 4 years ago if they sell and buy them at right time.

Very few can hold on to their coins. Most them got scared during FUD, and dump their coins at very low price.
Similar scenes are happening everyday.
1953  Local / 中文 (Chinese) / Re: 美元真是太强势了,,,,, on: January 28, 2015, 02:55:51 AM
CNY对USD应该在贬值中,只是幅度比较小,速度比较慢而已。很难预料未来半年到一年会怎么发展,估计法币印钞机应该还是会加速
1954  Other / Beginners & Help / Re: Sites about bitcoins on: January 28, 2015, 12:40:03 AM

In addition, I would also like to recommend you to read some books related to this topic.
This is a good way to gain systematic knowledge.
The first one is "Mastering Bitcoin" written by "The Bitcoin Guru" Andreas M. Antonopoulos.
1955  Other / Beginners & Help / Re: please help me on: January 28, 2015, 12:35:57 AM
blockchain.info wallet is not like Satoshi Client or SPV wallet, like Multibit.
If you remember your account information, you are safe.
1956  Local / 中文 (Chinese) / Re: 比特币和法币价值的不同根源 on: January 27, 2015, 02:15:57 PM
本帖中整齐划一的签名别有一番风景  Grin Grin
1957  Local / 中文 (Chinese) / Re: 投机比特币是不是历史退步? on: January 27, 2015, 02:13:02 PM
哪里都会有投机分子,这个不能算退步。
当然投机多了不是好事,但作为投资非常合适。
看看最近的各种有关银行的负面报道,还有Paypal、Western Union的新闻
比特币作为未来的趋势将逐渐凸显。
1958  Other / Beginners & Help / Re: Big Players on: January 27, 2015, 02:04:06 PM
Need to know the big players in Bitcoin.
Want to know who to follow on Twitter, etc.

Getting very interested in cryptocurrency!!  All the best to everyone, any recommendations are great!!

Thank uuuu

Yes, there're many stars in the BTC world.
To name a few:
Andreas Antonopoulos
Gavin Andereson
Roger Ver
Vitalik Buterin
1959  Other / Beginners & Help / Re: Is it really THAT bad right now? on: January 27, 2015, 01:59:28 PM
It is OK to be upset right now. But one should consider it a 5 year investment.
Any fluctuation in between is just plain numbers.
It was also hard to foresee the bloom of Internet back in 1995.
1960  Other / Beginners & Help / Re: Sites about bitcoins on: January 27, 2015, 01:54:41 PM
http://coindesk.com/ is the way to go.

Also check
http://www.reddit.com/r/Bitcoin/
http://bitcoin.stackexchange.com/
http://bitcoinquotations.com/
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