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21  Other / Meta / Re: How to increase rank? on: June 22, 2017, 02:13:48 AM
This is a classic question, which deserves two answers...

First, you can find out details on how a member increases rank at this thread: https://bitcointalk.org/index.php?topic=178608.0. Which was found in the thread stickied at the top of this Beginner's board called "Newbies Read Before Posting".

Second, there's a lot of answers available in easy to find places. I'm a Newbie too and I've found out so much already without having to post simple questions. Before you post a question or make a new thread you should do a search to see if the information you seek is already easily available.
22  Economy / Trading Discussion / Transaction fees by crypto-currency - is there a list? on: June 21, 2017, 05:30:17 AM
And not only is there a list of transaction fees by crypto-currency, what's the correlation?

I've read that it's market capitalization that drives fees size. Everyone generally agree with that? If I go to http://coinmarketcap.com and filter in descending order by market cap, can I assume that this is the same order of transaction fees from highest to lowest?
23  Other / Politics & Society / Re: Political Correctness Will end us all on: June 21, 2017, 05:16:11 AM
Islamic Terrorism is the foremost problem in the world today.

thoughts?

It share's the top spot.

What about two-party politics? Two-party politics ensure that the laws created aren't in the interests of most of the citizens. Two-party politics ensure there will never be "compromise". They hinder democracy.

What about the personal debt crisis? If credit wasn't so easily available the people who sit on the lower end of the income scale would be better off, they'd be able to build wealth off of less.
24  Economy / Economics / Re: Economic effects of bitcoins on: June 16, 2017, 03:12:43 AM
I was just thinking that since Bitcoins is 100% on the internet, what would happen if the whole world adopts it and 20M bitcoins gets stolen by a genius similar to what happened to Bitfinex?

Bitcoin would become worthless. Bitcoin is nothing without demand...just like every other currency. There's nothing tangible about it. It only has value if a community of people agrees that it does, it's thoroughly based on trust.

The world would decide on some other currency to use to conduct business - likely one of the other 100+ alt coins in existence!

What's worse is during a time of calamity. Say there's a major world war, internet goes down, power outages, something significant...it would have a huge impact on access to the blockchain, miners, prices, demand.
25  Economy / Speculation / Re: price getting down on: June 15, 2017, 03:49:34 PM
bitcoin price is decreasing. its  time to buy bitcoin.

Agreed. Although buying regularly, every week or month can be good to average your purchase price. I suppose the other option is just saving some fiat over that time period and waiting for the extreme drops like today to buy in bulk with whatever one has available.
26  Economy / Speculation / Re: Why did you decline bitcoin today? please tell me. on: June 15, 2017, 03:41:29 PM
The bear started at least two weeks ago. And to the OP, in the past it's taken a few days for the real driver behind big moves to become apparent. I believe this is due to the extremely global nature of this market. So, let's see what comes out over the next few days.

I do not know the reason. Why has it dropped by 15%?

Market is satiated: a bear market is about to start, with Bitcoin downtrending for a prolonged period of time. If you bought in high, I would advise you to cut losses at this point, but I'd like to stress you need to make your own decisions.

Remember, no asset can keep on appreciating forever. Maybe this is Bitcoin's Troy in the end, and most people will not see it coming when it happens. There's a distinct possibility it will never trend higher than 3000-ish USD again, but we cannot know for sure.

What we do know with a degree of precision is that it will continue to downtrend for now. Draw your conclusions based on that.
27  Other / Politics & Society / Re: The U.S Will Attempt To Intercept An ICBM For The First Time Ever on: May 30, 2017, 06:00:26 AM
Instead of the USA waiting for the North Koreans to attack them first, I think they should rather try and overthrow that idiotic dictator before he causes any damage to the entire world. He must go by all means.

The risk isn't worth the reward. North Korea doesn't haven anything. It's better to flex muscles and prepare solid defense...the defense proves that this little guy can't really influence any pain toward the US.

And yeah, he must go. There should be a revolt internally. If everyone in that country started walking toward the border, any border, to leave the country for good he might kill them all but at least they'd defeat him. That's a cause worth dieing for.
28  Bitcoin / Bitcoin Discussion / Re: Hypothetical question about Bitcoin and a unversal basic income. on: May 28, 2017, 05:12:49 AM
imagine every school hospital and emergency service was the 'mining pool' of a new fiat coin.
the rewards pay for the public services and the wages of public servants trickle out the funds to the wider economy.

What's required for a miners to exist? Transactions. Who would want to buy, hodl, and spend some coin for your local community outside of your local community? Would that small volume be enough to support the currency and therefore generate the rewards from mined blocks to fund the public services?

Most areas of the world already have welfare assistance...what does Universal Basic Income do that welfare programs are lacking? And please don't tell me that UBI would be more money for every person, because if that's what it is then it's just a fancy world for a tax hike. And that's fine, but let's call it what it is.
29  Bitcoin / Bitcoin Discussion / Re: 7 years ago... you could have earned almost $15,000 at today's value in 3 sec... on: May 26, 2017, 09:12:16 PM
Great find!

I just solved the captcha twice...i suspect my payments are just working their way through the confirmations. I'll get back to you all after the status changes form "pending".... Grin Grin
30  Economy / Economics / Re: Will Bitcoin be accepted by USA or will the US try to denounce or embrace? on: May 26, 2017, 08:57:35 PM
Bitcoin has already been accepted by America.

Here's an article from Reuter's stating that the US declared Bitcoin as money: http://www.reuters.com/article/us-jpmorgan-cyber-bitcoin-idUSKCN11P2DE

"The Internal Revenue Service (I.R.S) describes Virtual Currencies (VC)s as “a digital representation of value that functions as a medium of exchange, a unit of account, and/or a store of value [and] does not have legal tender status in any jurisdiction.” -https://en.wikipedia.org/wiki/Virtual_currency_law_in_the_United_States
31  Bitcoin / Bitcoin Discussion / Re: Hypothetical question about Bitcoin and a unversal basic income. on: May 26, 2017, 08:45:47 PM
A solution to the funding can come from taxing the income replacement the robots represent. If they are replacing real employees, they're replacing the income that would otherwise be taxed and used to pay for the services needed by the population. If robots will be used to replace people, the owner of those robots could be charged income tax on the income replaced which helps keep money in the budge to pay for welfare income.

My own opinion, universal income isn't the answer. It's not fair. What is most fair is that equal opportunity be made available for people to achieve education and have access to available jobs. Some people will perform better than others and get compensated more for that greater performance. Some people will have greater ambition and get compensated more for that greater ambition.

Finally, the people should be more wiling to NOT BUY products and services based on price increases or other activities that are not seen as benefits to those people.

Why do you think Universal Income is possible? realistic? feasible? just?
32  Economy / Micro Earnings / Re: Freebitco.in as a wallet? on: May 26, 2017, 08:36:26 PM
Bank IS safest way place for keeping your money and you own it. It is your money.

Comments like this one aren't fully thought through.

When you give your money a bank they combine it with all other deposits and then loan most of it out. If those loans aren't repaid your bank doesn't have the money to pay back the deposits.

If you don't have your fiat money in your physical possession. Or if you don't have the keys to the safe within which your money is sitting. You don't own fiat money.

Anyone who says "if you don't have the private keys you don't own bitcoin" AND doesn't see the same reality in the fiat banking system is either naive or intentionally ignoring reality.

When your money to your bank it is no longer your money. It becomes numbers on an account record as an amount owed to you by the bank. Same applies to all online bitcoin wallets.
33  Bitcoin / Bitcoin Discussion / Re: lets see how many of you are buying this time? on: May 26, 2017, 03:21:11 AM
i keep seeing the same thing happen. the most recent one was with the $1250 rise that everyone was saying iti s too high  Cry Cry then price dropped down to $888 and most of those people who were saying it is too high were still too scared to buy bitcoin.

The fact that the price of bitcoin has soared beyond $888 proves that people were willing to buy on the discount, more than were selling or remaining on the sidelines.

Sooo...your point has already been proved wrong.
34  Bitcoin / Hardware wallets / Re: TREZOR Hardware wallets? on: May 25, 2017, 08:41:49 PM
Why did you buy four of them? Can't you create multiple addresses/wallets within one Trezor?

Thanks.

Occfourse, just go for it!
I bought 4 of them, one for me, one for my friend, one for my friends father and also one, if anybody will need it. It's great, more secure, cold wallet, you canno't do better than if you're doing this.

Good Luck
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