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I've learned recently that halving on Litecoin affected the price and dropped and now it's almost worthless compared to it considered potential. We just don't know, ideally the value will go up because if something becomes more "scarce" then it will be more valuable. The problem that I'm always trying to mention is that Bitcoin hasn't created any actual demand from the average people, if this goes on and on (Bitcoin being just a commodity and speculation tool) it will face the risk of dying off. People compare it to gold, well that's fine and all but I'm still on the fence.
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Mi picks for today games:
Denver Nuggets @ New York Knicks - Over 203.5pts @ 2
I see plenty of points here with two mediocre teams playing on a sunday just for fun. They both have good scoring options so I think this is a worthy risk.
Sacramento Kings @ Boston Celtics - Under 224.5pts @ 1.42
Again, this game will most definitely be over 200pts but with this pick I think we are pretty safe, so easy money unless there's an overtime or Cousins explodes for 60 hehe.
Los Angeles Clippers @ Miami Heat - Miami Heat @ 1.94
Miami has been doing great lately and this will definitely be a close match against the Clippers which have all sorts of problems.
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Specific examples are always better to use to evaluate a premise like this.
In light of rebit.ph partnership with cebuana cashout points recently announced the current comparison for sending money to the Philippines is:
Via western union: 5% commission to WU, 5% commission to cebuana. Total (approx) 10% loss
Via bitcoin/rebit.ph: ~1% commission to rebit, 3% commission to cebuana. Total (approx) 4% loss.
'Course in the bitcoin case there might be an extra 1% to get the bitcoin if you don't already have them.
I think that little extra is what makes or break a business. People here are still babbling about Bitcoin being better but they are comparing apples to oranges. Western Union provides a complete different service that's why it is more "expensive". If you could consider what it takes to provide the same service with Bitcoin it will be much more expensive I guarantee it. The fact that there's no service like this and Western Union (and many others) are still in business is proof enough. If you are unsure and think Bitcoin is better and more profitable, then just go ahead and create your own company Bitcoin based, you will become a instant millionaire right? |
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Just imagining the figures, both for profit and loss give me the creeps. Looking at the numbers in a wallet, one mistake and they are gone! To be honest Bitcoin sometimes is a little frightening, if you make an honest mistake or you are drunk you can lose millions. That could never happen with a bank or with a credit card.
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Many Bitcoiners here really seem to be living in a fish bowl. No average person will go to all the hassle that is to get Bitcoins, it's just something we nerds do or people really tech savvy. First to get Bitcoin easily you need to have a Credit Card or a Bank, so that defeats the whole purpose in the first step. Another way would be Localbitcoins? Gimme a break, who would do that in this day an age, meeting a stranger on the street so you can scan a qr code or get raped, or both! Just to get some weird virtual coins, get real.
Bitcoin is a unique technology and completely innovative, the internet of currency indeed. But it's time for many to admit that many applications in the real world are just not easy, comfortable or friendly. That's why the adoption rate from the rest of the population is so low, we are all traders, speculators and investors here.
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Final result: Oklahoma City Thunder 108 @ 116 Golden State Warriors. I got OKC score right at least hehe! I want a prize hehe. Any actual winners?
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Oklahoma City Thunder 108 @ 121 Golden State Warriors
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You sig spammers and your shallow statements. "Bad PR?"  That's the absolute last thing honey badger gives a shit about!  Read "Only the Black Market Matters" by Justus Ranvier, he really nails it: "Anyone who isn’t actively working to expand and empower the informal economy is wasting their time." No need to be offensive, actually both sides have arguments, sadly in this forum there are a lot of black and white people and that's what stops Bitcoin grow. I do agree with the article you mentioned to a certain extent, however we can't live in that utopia, at least those of us who run businesses and have credit cards because well, you can't basically exist without regulation, you are limited in many ways by the government and that's sad but just as you don't hand over your house keys to a homeless person, the government does its job in protecting itself too. Bitcoin has without a doubt a bad image for the average person but not only that, it's very hard to adopt for non tech savvy people, for me those are huge barriers if we truly want a new currency, or perhaps you want it to be controlled by the elite alone? Saying black and white thinking stops Bitcoin's growth is itself a black and white statement and also false; Bitcoin is growing nicely. I think you should re-read the article. People in the informal economy are by definition doing unregulated business. They're people like street vendors selling snacks for cash or labourers who do handyman work for cash. Drugs and prostitution are a very small slice of this pie, terrorism funding is an even tinier slice (if it currently exists at all). However, controversial goods and services are justifications for governments to attempt to control the entire informal economy. Many governments are working on banning cash so that all transactions must go through the banks, to be "properly" taxed and regulated. Not only will this enrich the state, expanding their warmaking and surveillance capabilities, but it will put many of these marginal workers out of business and into poverty. It's essential that Bitcoin be able to take the place of cash, if or when it's banned, lest we all end up living in some tyrannical dystopia. There's nothing elitist in wanting currency which can be used by anyone, for any purpose. Prostitution and drug sales are only a small part of the tremendous personal freedom which Bitcoin offers. You can't stop Bitcoin being used for such purposes without destroying Bitcoin, so find a way to tolerate such victimless "crimes." Forget about the disapproval of the traditional media, who often serve the purposes of government. Like the article points out, there are now (or soon will be) more people employed by the informal economy than the regulated one. That people like sex-workers are actively adopting Bitcoin, despite its "bad PR" and technical complexity, is very encouraging for Bitcoin's future success and for individual liberty. Bitcoin can most definitely be censored or declared illegal by any government and I wouldn't be surprised because if I were the government I wouldn't like a side currency that I can't control really, same as avoiding taxes if you ask me, that's how it all works. That would be the end of Bitcoin real quick if the punishment is as harsh as selling drugs for example, no one would touch it. I understand where are you coming though, I always thought Bitcoin would flourish in those markets, porn, gambling, etc, where no registration and instant deposits is a must but I just don't feel it worked. People still use CCs, Paypal or other payment systems, they just don't need Bitcoin and it's a hassle to get into for the average person, that's the bottomline that many can't seem to admit. |
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Lol, that sh*t looks straight out of a Bilderberg/Illuminati/Lizards from Space gathering! But I guess it's all ok, it's all decentralized  |
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Damn cant believe cavaliers lost on boston after they had a 10pt lead during the 1st half then celtics shave the lead on the 2nd half then the final posession by celtics leads them to a win.
This team is a mess, completely lack of focus, players not giving their 100% like Irving for example. I'm not sure what's gonna happen but if Cavs keep losing games like this (they've previously lost against the Hornets) I think a couple of big names players (not Lebron or Irving I guess) will be moved before the trade deadline. |
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Bitcoin outcompetes every major payment system.
Paypal, Western Union, even the Credit card companies. there is just a lack of promotion to make bitcoin go mainstream.
It doesn't outcompete any one of them because it doesn't provide the same service, not even by a mile. Go and buy Bitcoin with fiat, then send it, then exchange it back to fiat in a window or ATM where you get cash and come back and tell me which service is cheaper and easier. That's why average persons don't care about Bitcoin at all, it's just pointless for them, they would just use Paypal, CCs or even Western Union once in a while. |
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Wll bet on my favorite team Dallas Mavericks this time.
Moneyline @ 3.05
Point Spread + 5 @ 1.92
Yes Spurs is a great team but the odds is not that great so I will try this one. Will passed on Points U/O bet.
Harizen you are always surprising me with your picks and today's no exception! I will think long and hard and consider following this one since the Spurs have been very shaky lately. |
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I've recently resumed my trading activity due to the low price of BTC and booming of altcoins. There are a lot of awesome projects right now that may or not be the next Bitcoin. Ethereum, MAID, even Ripple (I know many don't like it because it is centralized). I'm a long term DGB supporter which is another very serious project with more than 2 years of development and awesome community.
I think if you do your research and invest long term what you can afford to lose you would be surprised as how much you can make compared to the stock market really. The risk is higher but really, a good overall portfolio nowadays should include cryptos already as high risk investments! It makes sense.
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You sig spammers and your shallow statements. "Bad PR?" That's the absolute last thing honey badger gives a shit about! Read "Only the Black Market Matters" by Justus Ranvier, he really nails it: "Anyone who isn’t actively working to expand and empower the informal economy is wasting their time." So you are telling off sig spammers, and here you are wearing a sig and making a bullshit post. Hypocrite much. Don't worry the forum is full of many creatures. You see a lot of them are elitists, entitled persons that think they alone hold the truth. That's why Hearn's statement made such an impact, it's not just a bunch of BS from a disgruntled developer, many points are very complex to solve, but Bitcoin has grown into a very tyrannical system and community if you think about it. For me it's a great innovative technology but has fallen on the wrong hands and many good willing people couldn't help it either. At least so far. |
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You sig spammers and your shallow statements. "Bad PR?" That's the absolute last thing honey badger gives a shit about! Read "Only the Black Market Matters" by Justus Ranvier, he really nails it: "Anyone who isn’t actively working to expand and empower the informal economy is wasting their time." No need to be offensive, actually both sides have arguments, sadly in this forum there are a lot of black and white people and that's what stops Bitcoin grow. I do agree with the article you mentioned to a certain extent, however we can't live in that utopia, at least those of us who run businesses and have credit cards because well, you can't basically exist without regulation, you are limited in many ways by the government and that's sad but just as you don't hand over your house keys to a homeless person, the government does its job in protecting itself too. Bitcoin has without a doubt a bad image for the average person but not only that, it's very hard to adopt for non tech savvy people, for me those are huge barriers if we truly want a new currency, or perhaps you want it to be controlled by the elite alone? |
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Lol, whatever. I'm a little bipolar lately on the future of Bitcoin, I still maintain too opposite visions, one is that we will close out the year at $500-600, therefore Bitcoin keeps growing year by year. The second one is that Bitcoin is sort of doomed, it can go on and on for a couple more years but at the end if it doesn't wake up and actually create some demand from the average Joe it will become irrelevant to an upcoming project or new tech that actually does that. It can't remain as a "potential" or experiment for so long.
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I don't care if he never comes back as long as someone brings his nuts back to America in a ziplock bag.
That should be worth what I lost.
Sad to see actual people losing money here, I only comment on these things like it happens to people very far away but sometimes I forget many here actually lose a lot of money. It makes me wonder how all these exchanges are under question no matter how legit they are, I use Poloniex and I hear Kraken is good too, never had any problems and the site works flawlessly but I wonder if there are any signs before something bad happens. |
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Glad to hear this idea is going strong and with great results! Is there still time for entering the jar? Please let me know because I'm seriously considering doing so! Good luck to all.
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For me it's because it hasn't become a household name and the average people actually has a very bad image from the negative press it has accumulated through the years. That will not change sadly and it'll only get worse in my opinion. To go back to my first issue, Bitcoin usability is horrible and just can't attract interest from common people, it's just too complicated. It won't remain valuable forever just because a small % of the population "likes" the idea, it needs to be demanded and actually used for something by a good chunk of the population. It can be anything but it needs to be used regularly, for example for paying parking tickets, digital goods, games, apps, large transactions, whatever.
It hasn't for most people, Paypal and CCs are much simpler and yes, cheaper, you don't have to convert fiat twice and lose in the exchange.
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I wouldn't in a million years put all my money in Bitcoin. As an investment and something you can afford to lose, it's fine but there are plenty of risks. From price volatility to actual loss of all your money if you are not careful, and even if you are, you never know for sure. To top it all off, many people here hate banks and similar things but they forget that they are regulated, Bitcoin it is not, it's the wild west so to many who could say well you have risk stashing money in a bank, it's not the same at all.
However, keeping some BTC for the long term can definitely prove to be a wise investment, I'm sure plenty of rich people have it, for them it's nothing if they lose it but it can be worth a lot in some years or give them one of the best ROI compared to other options even if it's riskier.
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