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21  Other / Beginners & Help / Re: Hey on: September 17, 2014, 05:07:49 AM
For convenient, most people sign up an account on exchange and use their wallet.
22  Other / Politics & Society / Re: $250K-a-day for NSA PRISM refusal - Yahoo on: September 17, 2014, 05:06:47 AM
250k a day is quite a lot of money to spend to spy on people. I wonder if anyone question the effectiveness of these programs.
23  Other / Off-topic / Re: Do you buy movies online? on: September 02, 2014, 08:24:08 PM
Torrent downloads are equally good.
24  Other / Politics & Society / Re: Is it a bad decision to payoff mortgage early on: September 02, 2014, 08:22:26 PM
I was so eager that I paid off a 4.4% $150k 15y mortgage in a few years. now some people are analyzing and suggesting that i should have run it out.


thoughts?

4.4% is low, but I'd probably had also paid it, so I could forget about it, I don't like owing money to anyone. If you were comfortable with it, you could had invested in the stock market, which produces 5.2% real return (at least for the last 113 years!).

Stock are over valued these days. Municipal bond still have attractive yield.
25  Other / Politics & Society / Re: Americans Getting Poorer on: August 31, 2014, 12:33:10 AM
The Typical Household, Now Worth a Third Less

Quote
Economic inequality in the United States has been receiving a lot of attention. But it’s not merely an issue of the rich getting richer. The typical American household has been getting poorer, too.

The inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only $56,335, or a 36 percent decline, according to a study financed by the Russell Sage Foundation. Those are the figures for a household at the median point in the wealth distribution — the level at which there are an equal number of households whose worth is higher and lower. But during the same period, the net worth of wealthy households increased substantially.

The Russell Sage study also examined net worth at the 95th percentile. (For households at that level, 94 percent of the population had less wealth and 4 percent had more.) It found that for this well-do-do slice of the population, household net worth increased 14 percent over the same 10 years. Other research, by economists like Edward Wolff at New York University, has shown even greater gains in wealth for the richest 1 percent of households.

More...http://www.nytimes.com/2014/07/27/business/the-typical-household-now-worth-a-third-less.html
Typical class warfare lingo but yeah, things are trending down here in the home of the brave. Anecdotally, I know plenty of people living paycheck to paycheck while I stack coins for the future.
If the american people think they are getting poorer you must see the African countries for the reality check on how actually poverty looks like

The typical American are just too spoiled to think they deserve nice car and nice house without working for it.
26  Economy / Economics / Re: Illegal use of Bitcoin affecting its value? on: August 31, 2014, 12:29:09 AM
Cash has illegal use and it didn't affect its value.

Bitcoin will have the same issue as cash when it comes to illegal use.
27  Economy / Economics / Re: will America ever be free again? on: August 29, 2014, 10:14:35 PM
The law can only be enforced when US still have the influence and military might.

As soon as US lose that influence, no one will care what US want.
28  Economy / Speculation / Re: Lets get one thing straight: there will NOT be a run-up anytime soon on: August 29, 2014, 10:12:11 PM
You lost it all because you didn't had the balls to hold I guess. You guys seem not to learn. You should learn from Warren Buffet. When he bought the Washington Post stocks he lost a lot of money, then 10 years later the 10K invested turned into 380K, except in 10 years these 7K dolllars will be 700K

To turn 7k into 700k, bitcoin price needs to go up 100 folds. I am not sure it can do this kind of wonder again and go up to 50k per coin.


Quote from: Warren Buffet
Stay away from [bitcoin]. It's a mirage, basically.

Warren Buffet belongs to the old money crowd. Can't expect him to understand crypto currency and cryptography.
29  Economy / Economics / Re: Topics for a paper's university on: August 29, 2014, 09:52:42 AM
I'm making some papers for my university and I want to talk about BTC but right now I have no idea what topic should I develop. Any suggestions? Please?

Thanks!

Seeing you are in economic forum, I assume you are a student in this subject.

You can write supply and demand part of bitcoin. As well as comparing it to gold and argue why both bitcoin and gold share the same characteristic when it come to subjective value.
30  Economy / Service Discussion / Re: [News] Coinbase insured on: August 29, 2014, 09:49:56 AM
They are only insured against employee theft, or someone stealing from them directly. If someone hacks into your account and withdraws your money then their insurance will not cover this.

If I understand correctly, the insurance only covers the amounts in their hot wallet, the funds in cold storage are not protected by insurance. 

That should be sufficient if all their customers use two factor authentication.

There is no known method to decode two factor unless the person is negligence on their own smart phone (and storing password on them).
31  Economy / Speculation / Re: I PANICKED on: August 28, 2014, 12:19:35 PM
I just invested my life savings into Bitcoin

Should not put all eggs in one basket. Even if you are careful and do due diligent, unlucky event might still happen.
32  Economy / Service Discussion / Re: How much coin are you making from signature ad campaigns? on: August 28, 2014, 12:18:06 PM
Trying it for first month.

Only making 1-3 post a day, not expecting to get rich from the campaign.
33  Economy / Service Discussion / Re: What is the best Bitcoin ATM? on: August 26, 2014, 03:28:41 PM
Are you sure the state allow you to operate an ATM without license? Or have you gotten a license and registered as MSB with Fincen?
34  Economy / Economics / Re: Bitcoin as a socially fair currency on: August 26, 2014, 03:23:05 PM
It may be lucky that many are not involved in bitcoin.

If they buy at peak. they would have lose more than half of the money at today price. Odd is also high of getting scammed by scammer or invested in pump and dump coins.

Securing wallet may not also be that easy for the non-techie. There are many reasons why they may be the lucky group and we are the unlucky group.
35  Bitcoin / Project Development / Re: Which is best project to earn bitcoins? on: August 25, 2014, 04:18:06 PM
Merchant site like Amazon and Ebay.

Or freelancer/job type webiste with cheaper fee using bitcoin.

36  Alternate cryptocurrencies / Altcoin Discussion / Re: BitShares? interesting ! bullish on: August 25, 2014, 04:09:47 PM
Anyone contemplating an investment here simply must understand that BitsharesX is an experiment.  A highly speculative experiment.  Attaining a price peg using a prediction market with no threat of delivery or contract expiration date has never been successfully implemented before.  A blockchain is NOT required to set it up, so it could have been tried and tested anytime in the past 50 years on a centralized exchange.  The concept was discussed on these forums about a year ago and I'd advise potential investors to read through these posts carefully.  Convince yourself you understand how it is supposed to work before pulling the trigger.  There's a lot out there; here's a start:

https://bitcointalk.org/index.php?topic=279771.msg3282870#msg3282870
https://bitcointalk.org/index.php?topic=423000.msg4621908#msg4621908
https://bitcointalk.org/index.php?topic=325425.msg3610353#msg3610353



BitShares went up close to 40% today alone. They must be doing something right or have someone with deep pocket to support it.

The points you listed above, are they the only characteristics of bitshares coin?
37  Alternate cryptocurrencies / Altcoin Discussion / Re: Scams in a row ... on: August 24, 2014, 05:42:00 PM
How much btc did each IPO raised approximately?

Why people fallen to such scam knowing full well most altcoins investors ended in red?
38  Bitcoin / Bitcoin Discussion / Re: 2 fantastic clips from Israel - a must see! on: August 24, 2014, 05:37:54 PM
Yawn! - Watch what movie? It's a trailer.........

Let us know when the movie is finished, then mby we would be more enthusiastic about this.

Second one is good.

Hope it is informative in a way that a non-tech savy can understand it in the final release.
39  Bitcoin / Bitcoin Discussion / Re: Russia to ban bitcoin, again... on: August 23, 2014, 03:16:46 PM
It wouldn't be surprising to know BTC is lowering strength of russian currency..

Russian govt is shit..

Russia Rubble is going to strengthen in the coming years. The economic is less of a mess after Putin took over.

The nationalization of the oil industry help the country rather weaken it as the wealth is being used to help the population as oppose to exploitation of the west.
40  Alternate cryptocurrencies / Altcoin Discussion / Re: Is focus on adoption the most important thing? on: August 23, 2014, 02:34:58 PM
No one interested in discussing adoption or lack there of? Tongue

Does anyone here believe that crypto currencies should focus on people using them in their day to day lives at all?

There are several phases when it come to adoption.

It needs the support of developers, miners and geek first before it ever get to the average consumer. And this part of the process usually take longer than 6 months.

And coin that passes this phase such as litecoin and dogecoin doesn't automatically mean the merchant and consumer will use it.

At this point, only bitcoin still reign supreme and the rest of altcoins should still considered pump and dump.
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