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2021  Alternate cryptocurrencies / Altcoin Discussion / Re: What is future of litecoin? on: June 14, 2014, 02:48:14 PM
Unless Litecoin devs step up and develop it in to a coin that brings some good features to the table it has no chance against the 2.0 cryptos.
2022  Economy / Economics / Re: Could use an advice 2BTC/Month on: June 14, 2014, 02:47:14 PM
I would hold most of it, but find places to spend it too. The way the Bitcoin economy will grow is when it's used. If you need a part for your computer use TigerDirect, if you're going out to eat find a nearby restaurant that accepts Bitcoin, donate some to charities that you like. And if your favorite charity or business doesn't accept it, ask them to.

I think Bitcoin will dominate. At least for the next few years - especially if side-chains are integrated.

If anyone has heard there is a new debit card coming by the end of june that will allow us to instantly turn bitcoin to cash and pay on the spot for something in bitcoin anywhere. buy gas, shoes, watches, pay your mortgage. whatever it may be. so cool

Is there any news on this at all? This sounds really interesting.

What company is bringing this out?
2023  Economy / Economics / Re: Australia Seizes 360M From Dormant Bank Account (inactive for 3 years) on: June 14, 2014, 02:43:59 PM
Is this a trap to try to catch people who have non-clean money? Get them when they come looking for it?
2024  Economy / Economics / Re: The Open Business on: June 14, 2014, 02:39:29 PM
Is there a service like bitpay but instead of converting bitcoin to usd, it can convert usd to bitcoin?

I think something like that might be necessary. I probably wouldn't want to invest in a store that only took bitcoin. At this point anyway...
2025  Other / Off-topic / Re: Loot Crate on: June 14, 2014, 02:06:29 PM
how does it pay off to them?

it's 13$/month for 40$ worth of stuff

there must be a cache or this stuff is stolen lol Cheesy

https://www.youtube.com/watch?v=jKxV6MX6zbQ

the guy is funny but the items don't seem so valuable

Most likely its bulk by deals with stock that other sites cant shift, I love the idea, but i'd mostly want tshirts rather than loads and loads of figures because after a few crates i've got no where to put the figures.

Here's the fat guy I was talking about https://www.youtube.com/watch?v=cahxcu4Ai54

It's a lot of stuff. The Titanfall stuff I would imagine would be free or close to free from EA.
2026  Other / Off-topic / Re: Computers in 2030 on: June 14, 2014, 02:01:38 PM
They will be the size of a house, and only a few of the worlds super powers will be able to own/run them due to their cost. Thats how i see computers going. 
we are talking about how its gonna be in 2030 not 1930. Nice try you trying to being sarcastic here :p.
 but its gonna be totally opposite to what the reality will look like the size will reduce to size that one can Implant the chips into body .

Nope, no sarcasm here, they will grow to such a size there will only be 10 computers, each one so powerful it will run multiple software at a time.

Or if it goes how you say, they will get smaller until we break moore's law and unless we find a better way of doing things we could hit wall and see no major increase.

When was last time you upgraded your hardware....  Roll Eyes

Sorry took me time to reply, I had to change tape to get the browser to reload.

Cheesy hahahaha

Excuse me while I try to mine the next block on my punchcard machine Tongue
2027  Bitcoin / Bitcoin Discussion / Re: Community-purchased painting? on: June 14, 2014, 01:58:51 PM
It's not really the type of thing people would scam on. As long as he proves that he is in possession of the art and that he's the artist it would be incredibly stupid to scam rather than just selling the art. One scam versus multiple sales...
2028  Bitcoin / Bitcoin Discussion / Re: Bitcoin Dev Sells 50% of his Bitcoin due to 51% threat. on: June 14, 2014, 01:55:34 PM
Actually I find it quite disappointing that he announced he sold half his holdings of Bitcoin. If he really believed in the project he must have known this disclosure would be very damaging. It's very appropriate, as a core Dev,  to air issues of concern that need urgent attention but to air he sold 50% of his holdings was poor form

Maybe this is the only way he saw to bring attention to the fact that the dev team has no intention to bring a technical solution to the table.
2029  Other / Off-topic / Re: How old are you? on: June 14, 2014, 01:48:11 PM
http://www.worthofweb.com/website-value/bitcointalk.org

Has some more details, its got an interesting worth on there.
Fascinating stats and this will just grow in upcoming year.

Traffic values
Website Traffic Estimate
1,763,000 visitors / day
(based on Alexa Rank below)
52,890,000 visitors / month
634,680,000 visitors / year
8,814,518 pageviews / day
264,435,540 pageviews / month
3,173,226,480 pageviews / year
Alexa Rank: 2,737

How much can it make?
$ 26,442 / day
(based on our traffic estimate below)
$ 793,260 / month
$ 9,519,120 / year

Bitcointalk owners get almost 10 million dollars in year? Woot!

No, they don't get anywhere close to 10 million dollars a year.
2030  Bitcoin / Legal / Re: Are bitcoin gambling sites illegal in USA? on: June 14, 2014, 01:46:41 PM

Internet gambling is illegal in the US.


Only in some states that have a specific state law saying that gambling is illegal.

As far as I know there is no federal law explicitly outlaw gambling online.

I am pretty sure that there is something that prohibits gambling using interstate communications (the internet)

The FBI ect maintains that it is, but some lawyers argue that it's not exrpessly prohibited. The Wire Act is from 1961 so thre is some grey area here with the internet.

from wikipedia:

"The United States Court of Appeals for the Fifth Circuit ruled[26] in November 2002 that the Federal Wire Act prohibits electronic transmission of information for sports betting across telecommunications lines but affirmed a lower court ruling[27] that the Wire Act "'in plain language' does not prohibit Internet gambling on a game of chance." But the federal Department of Justice continues, publicly, to take the position that the Wire Act covers all forms of gambling.[28]"

http://en.wikipedia.org/wiki/Online_gambling

And the more recent UIGEA law pertains to the transmission of funds and not the act of betting itself.

So don;t set up your site in the USA.

DUH!

Use crypto only as your method of making bets and let them stop you if they can.

Would you like to know more?

I don't have a site and I have no plans to open one but if I were to do so I probably would incorporate crypto in to it.

I still wouldn't host it in the US though.
2031  Other / Off-topic / Re: How old are you? on: June 14, 2014, 10:23:59 AM
I wonder if bitcointalk tends to have an older audience on average than other boards. It seems to have quite a few older people on it.

Or maybe I'm completely wrong and it's all a bunch of kids Tongue
2032  Other / Off-topic / Re: Best multiplayer Game You played? on: June 14, 2014, 10:22:09 AM
Eve Online.
Show me Multiplayer game where there are 2000 ppl battleing LIVE on SAME SERVER in one single huge space fight? No sharding, no spliting into "rooms" nothing...one huge single battlefield....2000+ ppl
Eve is TOP of the MP expirience.
After Eve even BF batles with tanks and planes and all that feel kinda small.

World of Spreadsheets? Tongue

I've never played EVE but is does look interesting tbh.
2033  Other / Off-topic / Re: Loot Crate on: June 14, 2014, 10:21:07 AM
Loot crate is a cool website in which you pay for a crate filled with amazing geek loot every month. Each month it has a different theme so you will always have different stuff.

http://www.lootcrate.com/



I saw that fat guy on youtube opening one of these. It seemed kind of cool.

I think it's pretty good considering the price. You get all these unique items for pretty cheap really.
2034  Other / Off-topic / Re: Computers in 2030 on: June 14, 2014, 10:18:03 AM
Computers would be everywhere, even inside your body monitoring your bloodpressure, sugar , your heart and analyzing your blood, urine and stool and giving real time data to your doctor. Computers would be connected directly to your brain, you can text, email, watch tv, browsing the net by just thinking it.

ok, this is scary.
Has anybody here seen the movie "Her"?  Because the world they show there seems like smth that might happen to us in 30 years. And such thing as falling in love with damn Siri (even though its just weird) will be a common thing.  Undecided

It's probably closer than we even think. Once something like that starts it can accelerate quite fast. Just like in the movie.
2035  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin ever be more than a 'fringe' asset? on: June 14, 2014, 10:13:00 AM
I think Circle is going to help in that regard. Realistically the average person is not going to go download BitcoinQT and download a multi gigabyte blockchain. But using a service like Circle makes it much more likely that average people would be able to try bitcoin out without doing anything too difficult.

Nonetheless it isn't that hard for the average joe to look online and work out how to download something like Electrum and spend literally 5 minutes setting it up. While for the absolutely lazy it might help, I suspect the issue with not enough acceptance is simply a merchant issue. If more merchants offered to accept it (or even passed on the fee savings they get) then you might see an increase in the overall adoption.

Electrum is great but I'd mostly be worried about average people losing their money to malware or losing their wallet seed and thus losing their money incase they lose their data.
2036  Other / Politics & Society / Re: Bryant Coleman's demography thread on: June 14, 2014, 10:07:49 AM
Quote
Is 1.26% natural population growth considered high or low?

I don't know much about demography but it's pretty interesting to see how populations develop.

pretty high, imagine a nation with 1 billion people such as China and it gains 12.6 million citizens every year
that's bigger then some countries Cheesy

Do some non-European nations  Smiley

Name the nation here. I can get information for any country, as I have premium access to various demographic journals and archives. Actually I am working in the demography sector for the last 8 years.  Grin

-----------------------------------------------------------------------------------------------------------------------
Can you do Australia?

I'm also interested in Croatia,Bosnia&Herzegovina and the United Kingdom (if there's time, Spain too)

Thailand and more SEA in general if you want to too.
2037  Bitcoin / Bitcoin Discussion / Re: Bitcoin Dev Sells 50% of his Bitcoin due to 51% threat. on: June 14, 2014, 09:51:59 AM
Is he concerned about a design flaw within Bitcoin or a design flaw with the open source project system?

ACH/EFT has had numerous attacks against it and numerous design flaws. The responsible team discovers the problem and corrects it, no big deal. That's what needs to happen with the design flaws within Bitcoin. The problem isn't that Bitcoin has a basic design flaw it's that no one is fixing it.


Solutions are already being talked about.
http://www.reddit.com/r/Bitcoin/comments/282j4m/petamine_1150_ths_is_considering_joining_p2pool/

P2Pool with a subsidy provided by the greater community (I'd throw them a couple coins a year) would do wonders. It could very easily become the most profitable place to mine if the community made it so.

I'm anticipating this being the scenario in the not too distant future.

I've been reading this 51% attack crap since early 2011 and it isn't fixed yet. Why? Is it because back then it was just Tycho, Slush, Eleuthria, Graet, LukeJr and a few others. They are all swell guys and would never hurt the network, right? Well, that's the thinking of a child's mind. You don't let a major issue sit unsolved for over three years where money is involved. I read a thread once where Gavin was talking to etotheipi and rambling on about prioritizing issues because he could only handle so much at a time. Tough shit. You can't handle the workload then get more people. Bitcoin is no longer here just to intellectually stimulate a select group of developers. It's real money we're talking about.

You would think that the foundation might spend some of that money it's built up on more programmers. I'm sure there are lots of extremely talented people in the world who would love a chance to work on a challenging project like bitcoin.

I don't even think it's about willing bodies to do the job. The ego of a control freak has stifled development for years now. I assumed when Gavin stepped down things would change but I guess I was wrong. I was hoping  Wladimir would be more open to radically altering Bitcoin for the better. Especially since he's a damn good coder and the author of Dropship (effectively hacking Dropbox's servers). I guess I was wrong. Their going to sit on major necessary changes forever.

The incentives aren't necessarily aligned with the way bitcoin works in regards to the dev team, in my opinion. The devs have no real reason to implement proactive protection because they major see changes as 'risky'. The main risk is that they get blamed for implementing a change incorrectly or making a mistake, thus taking the blame personally. So they have more motivation to stick with the status quo.

I think soon enough bitcoins glacial pace will end up leading to it being just chapter one in the history of cryptocurrencies. Not the whole book.
2038  Bitcoin / Bitcoin Discussion / Re: Paypal surveying about bitcoin. on: June 14, 2014, 09:45:26 AM
If this is survey is administered to all their users (mainstreamers) pay pal will realise that 95% of the population sees no need for bitcoin

Exactly.

5% is pretty good if you ask me though.
2039  Economy / Speculation / Re: GHash.IO hashrate on: June 14, 2014, 09:42:57 AM

Democracy should replace voting with a Proof of Human Work inspired by Bitcoin Tongue and that work should be hard, like lifting weights in the gym.

Doyouevenlift?coin

Proof of Workout

Start it up Tongue
2040  Bitcoin / Bitcoin Discussion / Re: Paypal surveying about bitcoin. on: June 14, 2014, 07:31:50 AM
Paypal would be good publicity for bitcoin but there are already some very solid paypal like services around...

Which services are you referring to? Square or something?
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