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So, I'm curious.. can you tell me, what will the price of Bitcoin be tomorrow? Or for that matter, just in general, what are your Bitcoin predictions? Bitcoin being big enough that there can be no pumping and dumping, meaning that if you can predict that accurately, it'll be a true prediction. Not a manipulation.
Bro, Forex, the largest financial market in the world, with $5.3 Trillion DAILY volume is manipulated for fun by the central banks, media cartels and by those who run policy for various governments around the world lol people think bitcoin is so huge Forex daily volume: $5.3 TRILLION Bitcoin daily volume: $16.9 million People own houses that are worth more than $16.9 million That's one of the things ryan drew my attention to, so whilst everyone else values the money and all the bitcoins they are making with him, I respect the knowledge. You can give a man a fish, and he will eat for a day.. but if you teach him to fish, he eats forever manipulation is where the money is, and the sooner i learn the ins and out of that, the better |
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The second week of every month is usually profit, profit, profit. But only long time members know why
+ 1 the ****** cycle. i won't say it here because i haven't seen ryan talk about this publicly He talks about it in every post bro. I haven't seen him use the name that you were obviously referring to but read in between the lines, its right there in every post. Happens every month too, but this is crypto lol unless you know what you are looking for, it will happen right infront of your eyes and you still wont see it any idea how he actually works out when and which coin follows this pattern? It's been almost too perfect over the last few weeks. for me especially because all I did was lose before i got involved with the group. i think my biggest win was 12% on cinni back in the good old days. the amount of money i am making now is like a night and day contrast to a few months ago. it all feels surreal, it's a little awkward getting used to this |
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Who else is buying bundles of doge from Cryptsy?? I just picked up a good few myself, I predict a rally veeery soon
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I'm new to the group this week, had been wanting to give it a try.
Happy to finally be involved
I want to learn how to anticipate price moves and how to take advantage of price patterns
Lets see how everything goes
Good Luck to the rest of the team this week
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I PMed him earlier expressing interest in that very account. I don't see how you can call it stealing if the loan taker defaulted. Since you clearly have been following him around for sometime, can you list the other accounts he owns? There is one which he holds now which is claimed to have been a hacked one https://bitcointalk.org/index.php?topic=750507.msg9283585#msg9283585I am surprised he needed to get a 2nd account to sell. He runs a loan taking collateral accounts, so it would be accepted that he will have to sell them. How do you know that he actually made the loan? The post requesting the loan was edited. He could have changed the BTC address when he quoted the post requesting the loan and sent the btc to himself. Plus he is advertising an account with positive trust so whoever buys it will be able to scam because most are willing to not use escrow with positive trust accounts. I don't see how any of his actions can be considered scamming.
He had two paid signatures on his account, both of which he was getting paid for, both signature campaigns have rules that say their signature is the only paid signature allowed. |
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It looks like marcotheminer is engaging in the practice of selling accounts with positive trust. On Oct 1, MikeCorleone posted on his thread (the post is now edited to say "all good" - hiding the evidence of requesting the loan). However marcotheminer quoted what he posted confirming the loan. See below: All good.
I believe that ValueAccounts is an alt of marcotheminer as it is selling several accounts that have defaulted on loans. One of the accounts that is being sold by this account: Senior Member #1 Green Trust
Created in 2013
300 - 364 activity
Account does not have an avatar.
Green Trust
This matches MikeCorleone as all he would need to do is make one post to get the activity to be over 300. If he is not engaging in the sale of trusted accounts then he is engaged in stealing accounts as a loan request was clearly made. He also seems to be engaged in the practice of stealing signature campaign payments. A review of his trust shows that in September he had two paid signatures on his signature  This is despite the fact that dicebitco.in had rules against having any other signature then their own. |
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Yeah, like the other poster said, it makes Bitcoin seem more legit and moves it away from the idea that Bitcoin is used by drug dealers, Terrorists groups, arms dealers.
Very true. Paypal doesn't really have a use for us, but it will make the public happier and more enthusiastic about bitcoin. Actually a bad thing to associate Paypal name with bitcoin. All merchants know Paypal days are numbered whether they will adopt bitcoin or not. Even if PP's days are numbered does not mean that the adoption rate for PP is not huge now. PP is a good (yet very expensive) way to allow for merchants to be able to accept payment from a large variety of customers |
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Manipulating the exchange rate of own currency is a common practice for central banks since they have large reserve of foreign currency and can print their own currency limitless
In bitcoin, same practice can be done in large exchanges, so it is important to have many exchanges or even better P2P exchanges all over the place to reduce the effect of one single exchange
Some devs of altcoins will do this in order to keep the value of their altcoin stable, at least for some period of time. Although I believe this to be extremely rare as, IMO the devs of alt coins generally only make their coins to get rich |
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Never, the only way the government could pay it off in a traditional sense is if they somehow tax [current level of debt] out of the us citizens. That I think will not happen, so they will either default or hyper inflate their debt away.
The US will hopefully be able to "grow" their way out of their debt, as in to have their economy grow enough so that the amount of debt shrinks as a percentage of the US economy while keeping their tax rates (and taxes as a percentage of the US economy the same). This will result in them being able to repay their debt |
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Bitcoin price is always so strange, two days ago also once close to $390, Paypal a message about Paypal made the price get up to $460, Then slowly decline. This lets the human mind is always anxious ah, buy or sell it ?Next, the price is up is down?No one can give correct answers.
I personally think that corporations that are accepting need to turn it over back into fiat (because thats how they ultimately look at their bottom lines), miners needing to cover their costs, various reports of very early adopters converting large sums, & regulatory uncertainty is the reason for the extreme volatility. If you're bullish bitcoin, this shouldn't matter much. Considering bitcoin went parabolic last year, this type of retrace amid the black swans that I just mentioned is natural. From a technical standpoint you'd be a bit concerned maybe in the near term, possibly. Real price expansion will happen once we work thru alot of transitory variables (most mentioned above) and more mainstream aggregate demand occurs along with merchant adoption to support the supply/demand imbalances we are seeing being reflected in price as volatility. Hope that helps! Corporations need to convert their bitcion back to fiat because they have nothing to do with it. Corporations are not investment vehicles and will generally not hold an asset for an investment (except extremely safe ones like US treasuries) unless it relates directly to their business (for example a warehouse or their inventory). Until we see more B2B bitcoin transactions corporations will continue to sell their bitcoin quickly (likely causing large spikes in supply), however as we see more b2b transactions this will slow down and eventually stop |
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No, of course not
Just because all other empires have fallen. And all fiat currencies have inflated into being worth less than toilet paper, that doesn't mean it also happens with America.
Because America is just that special, it will last forever, and so will the dollar.
The american empire will likely not last forever just as other empires have not lasted forever. (I somewhat think that Obama is trying to get the American empire to fall). Until the American empire falls the US dollar will likely remain to be a reserve currency as it is able to exert enough influence (both economic and political) to get other countries to accept the dollar for their reserves |
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The IRS plans to use the FIFO method, and it seems the Coinbase "Cost Basis for Taxes" uses this FIFO method for calculating coin basis for both sales and transfers to your own wallet.
The IRS doesn't exactly "plan" to use FIFO. FIFO is the preferred method of the IRS. However, there is debate as to what methodology you could use (LIFO, HCFO, CCFO, average, etc ) since Bitcoins are property and therefore essentially have no particular rules. A taxpayer is able to choose specific "lots" they wish to sell when they are selling a stock. The taxpayer must advise the broker as to which lot they wish to sell at the time (or prior to) of the sale. I am not sure if this is something that coinbase offers as of now. |
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Interesting attack indeed but h4xx0r who did you quote with the idea of giving to the next miner a share of your coinbase tx? It's trivial to give to the next miner outside the coinbase transaction by sending the reward as a transaction using one of the current inputs. Sure, then you have to scrape the bitcoins from elsewhere. To recap the attack in laymen's terms: If somebody paid 10,000BTC in transaction fees, miners would not care about block rewards for the next 10,000/25=400 blocks. Any miner that thinks it could outrun the biggest other miner would try to do so. If there is a draw between the top miners, such a battle could take a long time. If the top miners hold 10% of the mining power, they might try even when the other had a head start and was slowly building a chain that's growing faster than the own chain as they could still call their friends of other pools to team up catch that guy, essentially to the point where all miners took one side or the other and the weaker group gives up. Also the attack does only work if the biggest selfish miner is bigger than the total of his run-up competitor with all non-selfish miners, so it assumes a pretty corrupt mining landscape. The attack's effects: During such an episode, massive re-orgs would happen, clients would act strangely, Finney attacks would be slightly easier etc. and we would have a slightly higher level of drama. And we will never know who sponsored that drama  but it would not be a cheap endeavor. In additional to Danny's point above, you also have the issue that someone would need to incur the financial burden to pay these TX fees in the first place. There would be little economic benefit for someone to offer such a large TX fee, especially considering that the benefactor of such attack is unclear (therefore anyone attempting to profit off of an attack may or may not actually benefit in the event such attack is successful in slowing down the network). IMO this attack vector would be something that is very easy to fix - simply fork the blockchain to institute a maximum TX fee on a per block and per TX basis, the max TX fee on a block basis could be a rolling average (plus some additional margin) of the last 'n' blocks and the max TX fee on a TX basis could be "x" times the min recommended TX fee, and if a TX would warrant larger then the max TX fee then the TX can be split up into smaller TXs. it would be a State actor or a someone who stands to lose alot to a technology like bitcoin who would carry out an attack like this. The purpose of the post isn't fear it's education. i think the goal is clear. a currency not controlled or easily defeated by malicious actors. Bitcoin does not pose a serious threat to any major government that would have these kind of resources. Also for the amount of money that it would take to start an attack (to give a large TX fee to the miners) would be better spent on miners (either buying them outright or renting hashpower) to be used to attack the network via other means as a lot would need to take place at once in order for this attack to work |
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Anyone else seeing this? Blockchain DOES indicate a fee was added, so it should go through. It never took an hour for 1 confirmation, unless the hackers are at it again.
From time to time it does take a long time for a valid block to be found, I believe we did see a long period between blocks earlier today. When there is a long time between blocks, you will see a "backlog" of confirmed transactions in the mempool to be confirmed so a TX that would normally get confirmed in one block may get confirmed in two or three blocks because of the elevated number of TXs that were sent since the last block was found |
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Bitcoin is the central bank, and the asset, and the currency, all at once. Thats why libertarians like it, finally they have something they can understand.
The protocol Bitcoin (with a capital b) essentially acts as a central bank as it regulates how much bitcoin is "released" into the economy per time period. It cannot however react to economic factors that may, economically, warrant a higher or lower amount of money being injected into the economy. The asset bitcoin (with a lower case b) is somewhat of a currency (it is getting to be more so like one over time). Any currency will always be an asset, as this is just what a currency is |
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I don't think that Gavin implied nor said that this is a "bug" but rather something that needs to change about bitcoin in order for it to be successful over the long term. As TX volume increases, each block will need to be larger in order to accommodate the increased number of TXs. As of now there are few enough TXs per 10 minute period so that most blocks do not reach the max size
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Colored Coins can be used to issue stock with dividends and bearer bonds. I think it's a mistake for O to use counterparty unless they clone it. Even then, there is too much reliance on the blockchain as data storage. A Blockchain.info style online Overstock Colored Coin wallet would be a better way to go for issuing stock. You would have the ease of access of an online wallet, the security of an encrypted wallet, and no risk of accidentally recoloring coins. There would be virtually no costs (just a satoshi) to issuing a share. It currently costs .5 xcp (about $1.50) per share to issue a stock and this will probably rise.
There are regulations regarding the reporting of holders of stocks as well as the reporting of who is behind both orders and executed trades of stocks (this is to monitor and prevent insider trading and to prosecute insider trading when it occurs). Colored coins would prevent any of this reporting from happening. |
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To be frank, I'd consider it the same as putting up a church organisation onto the stock market in that case, they're relying on fans to keep coming and supporting them, even the music industry is more honest in that it actually gives them a product they can enjoy even if the company goes out of business, the live shows are just a bonus, not their main source of income.
Most sports organizations have multi year deals with advertisers so even if fan attendance declines temporarily revenue would not be affected. Also when a company liquidates they do not give their product to their shareholders but sell their remaining inventory and give their shareholders a dividend if there is money left over after all their debts are repaid I'm already aware of how a publicly traded company operates, the point is, these aren't stable and productive businesses that directly benefit an economy, it's like owning stock in a T.V network, it's purely relying on entertainment value and keeping people interested. That is essentially what a TV network relies on, as if people are not interested in their programming then they will not be able to receive revenue from advertisements. Total revenue from advertisements has generally increased over time for major sports teams. Another source of revenue that sports teams have that TV networks do not is rent from vendors in the concession stand, as since they essentially have a monopoly over food sales, vendors can and do charge a premium and the ability to charge these high amounts coupled with the high demand for concessions would cause the market rate for rent to be large |
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1.1 to 1.5 percent per month is quite attractive.
However that still quite a risk to take to trust anyone with your btc
A steady 1% every month? Sounds a little like Madoff... As good as that sounds, I'd rather not do something like that. This "interest" is paid by actual borrowers for the privilege of using your money for leverage. The interest rate is also market driven and not paid for directly by the exchange. The exchange also has risk controls in place to prevent potential losses to lenders |
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Now that the NYT has jumped on the bandwagon and covered the price fall, I am even more convinced that the px is going to increase again shortly Seriously though, why has there been so little gleeful mainstream media coverage in the last few days? You have to remember that most mainstream media readers have still not heard about bitcoin at all and that media wants to write stories that have a lot of interested readers. If there is something that the readers have not already heard about but media can write a story that this new mysterious thing is taking the world by storm, that is a story that is interesting and a lot of people will read it. If on the other hand there is something the readers have not heard about and the story is about how that new thing has gotten less important that is just a big fat yawn to the readers and because of that that kind of story is not going to get written. The only media that writes about bitcoin going down is one that imagines that most of its readers are already very familiar with bitcoin and there are not so many of those media yet. I think a lot of the general public (people who read the MSM) have heard about bitcoin, but do not fully understand as to how it works (nor it's potential for value). I would say that a good portion of the public is somewhat interested in bitcoin and this is why the MSM gives it the attention that it gets |
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