Can you really live on $150 a week in usa thesedays ? I am living in Asia. Life is hard, but I am not complaining. I have only some 15-20 coins. But if BTC ever reaches the $ 100,000 mark, I'll become a millionaire.  forget about those coins temporarily and relax for a few years ,i think 20 coins could exceed 1 million usd , http://www.youtube.com/watch?v=qHUPPYzzZrIits just a matter of time imo |
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Starting to see the value?
No. Even if you transfer nothing from peer to peer, anonymously (not possible with bitcoin), at a (low) cost and instantly, its still nothing. I cant do ANYTHING with Bitcoin except dumping it on the next guy. you should tell this to that guy who bought a sport car in the lamborghini dealership last week |
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see you at $4,000
Didn't "someone" just buy a Lambo with BTC. That "someone" must not think we'll see $4000 that soon.  maybe it was a drop from someones ocean im sure plenty of people could buy a $100k car with just a small fraction of their total coins |
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It recently took me 11 days to get a response from their support. On the plus side, once they got back to me they were more than helpful and sorted my request with no issues.
It seems to me like they desperately need to hire more support staff. Their biggest problem has always been communication - literally all they would have to do to reassure the vast majority of people is have enough staff to answer support tickets within a few hours and send out weekly updates on issues like withdrawal times etc.
Oh, and when they do issue updates, they need to send it by email to every customer, not just post it on the website / fucking facebook page for people to check every day.
You're right on all accounts. They are activley expanding their support teams (They currently have 20 people working full time on AML verifications). You might have noticed that their last update was via email to all customers so I think our voice has been heard on that one.  Del how does their AML verification work ? how can they tell the difernce between coins generated by a miner or some guy selling weed on silk road ? |
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my friend transferred about 2.6 million dollars worth of BTC to singapore for a property deal
for like 60cents and took about an hour to get the 6 confirmations
imagine what that would have costed through regular banking and how much longer it would have taken ?
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i dont know if it will "kill all currency" as you stated it will be an alternative option it might kill paypal and western union though |
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Incorrect. I wouldn't be happy with $75k a month.
Right now, I am earning $600 per month. Can't even make a comparison. can you really live on $150 a week in usa thesedays ? |
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hes actually very polite and restrained in that interview you shoukd watch some of his other ones ,he gets a lot worse than that he screams like a mad man on drugs about satoshi being jesus in one of his other broadcasts in ,london but he does seem to have his facts down and theres rarely a negative question he cant answer with a positive |
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I think it's very easy to steal someone else's BTC just get an address of someone who sells you some ask em how many they have left get their address go to their house and steal them. That being said why would you do that anyways sense you would be locked up and not be able to spend them?
This is why you shouldn't reuse addresses. The system tries to protect users from themselves. The coin selecting algorithm will attempt to find inputs which cover the tx. So my wallet could have 1,000 BTC but the inputs used to pay you 9.5 BTC may only have 9.7 BTC in value with the 0.2 BTC excess change going to a new address. There is nothing which indicates the true value of the wallet. Reusing addresses and consolidating balances into single large addresses works against the system as designed. thanks for clarifying that also what the other said kinda rings true ,a lot of "hacker robberies " that so many exchanges have fallen victim to the owners may or may not have had a hand in either through dishonesty or negligence ,neither one is worth a fuck when the coins are gone though most recently ,that sheep guy stole 96,000 BTC from his customers on his silk rd style site and claims he was robbed by a hacker (which i understand now is not the same as wallet was hacked by forcie etc )  but 96,000 btc one rich mo fo |
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ok,fair enough most of the so called "robberies" have been more like cases where the wallet holder was negligent with the keys rather than them actually being cracked that makes me feel more secure keeping larger stockpiles in the same heavily protected wallet |
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Me again!
How convinced are you btc will fail? How can you be sure?
If there is a nonzero chance if something happening then it is possible for you to figure out ev (which you can adjust to fit your bias)
I'm not sure what set of circumstances gives you an outcome where the best (most rational) action us not to buy any btc? How do you come to the conclusion that there is zero risk holding no btc?
I never said I'm certain Btc will fail (although it might). But the conclusion of my argument would be something along these lines: There's less risk of not owning any Bitcoin, then to do, when the price of each Btc is close to 1,000$. Given all the reasons I have mentioned. Actually this statement might not be true for me at all time. But it's true for me today. Also might not have been the case when the price was 10 or 20$ a piece. Problem is that if the price now goes back down to 10 or 20$ a Bitcoin, it might not be as attractive an investment as when it first happened (on its way up, couple of months ago). Again there's a full analysis as to why this might be the case (in my own POV, not based on any economic theory but based on my own analysis). theres more risk in holding $1000 than buying a bitcoin with it imo |
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ive seen this image b4 but theres been an awful lot of robberies in btcs short history
as the value continues upwards im sure there will be plenty more
everything is uncrackable ,until its cracked lol
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Hey everyone,
Anyway, $1000 bitcoins seems ridiculous, especially if you were buying them for less then $5.00.
some people got them for free ,in tens of thousands it makes absolutely no differnce to what they are worth now $1030 on gox atm when they hit $10,000 people will still be saying i could have bought in at bla bla bla it makes no differnce ,they are worth what the ever expanding market will pay for them |
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The reason why it can't happen now, is today I loan a bitcoin, tomorrow that bitcoin could be half its value, or double its value... its just too high-risk, and thus there is a pretty big chance of losing money.
All good reasons, but how would you explain that I've been lending bitcoins out for the last year? Use bitfinex, easy, varying return percentages. And the best part is - you lend 1 bitcoin, you always get back 1 bitcoin plus interest, and it's value is... exactly 1 bitcoin! Never half or double of that. ok ,why would i lend my bitcoin to a an untrusted third party to hold it for a year or two and then take it back with interest and i get back "exactly 1 bitcoin ! Never half or double of that." why not just keep it myself and eliminate the third party risk ? Who would want to put in for 1-2 years, im talking about months.. timescale is irrelavant ,they cud steal your coins 5 minutes or 5 years after you hand them over the point i was making is ,who do you trust enough to be your "bank " ? i trust me ! |
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im not talking about the people with a hundred coins etc but more like 100k+
is it feasilble that a secure wallet such as the dprs with 144,000btc could be cracked eventually
with more modern technology comes along or a group with powerful computers could work together
to brute force it ?
just interested in people storing offline ,when the prize is $100 mil or even a billion $ would those coins
still be there in say 10 years ?
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bankers who control the modern system cant get their heads around it they wont be in control forever ,i watched a program on "financial experts" talking about why bitcoin cant be money and none of them were able to understand it maybe someone will post the link cause i forgot the name of it but there was a guy who was trying to buy a coin but couldnt figure out how to do so and an older gentleman in a bow tie and a suit from the 1960s and he was shaking his head saying no ,never ever but the younger generation will embrace buying stuff with their android phones and transacting for free and doing all the cool stuff thats just now becoming possible BTC is new tech and the adoption curve will be slow ,teenagers have no problem undertanding it because they grew up in the digital age as well as people in the 20,30s 40s etc try explaining it to someone who is an old aged pensioner and its a differnt world ,they get lost at the mining stage because anyone with a computer can create money ?? its funny to watch their disbelief because btc is such a revolutionary invention they simply cannt comprehend it |
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Thanks for the info,
I find that worrying.
Does anyone know if this would apply to Barclays pingit? I have it linked to a non-Barclays a/c and use it to buy/sell BTC from time to time.
if you opened them both with the same id,name ,date of birth or national insurance number theyre probably linked whether you like it or not one way around maybe if you have a wife or gf ,brothers or sisters ,parents etc who could help out with accs im not 100% sure but id imagine ANY account that is sending or recieving shitloads of cash to mt gox or another exchange will be under scrutiny and eventualy red flagged for investigation or frozen or in your case just point blank closed Without any proof they cant accuse you outright of being a tax cheat ,money launderer or even silk rd dealer but thats probablly a possible liability theyre considering by closing your account for no reason given |
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The reason why it can't happen now, is today I loan a bitcoin, tomorrow that bitcoin could be half its value, or double its value... its just too high-risk, and thus there is a pretty big chance of losing money.
All good reasons, but how would you explain that I've been lending bitcoins out for the last year? Use bitfinex, easy, varying return percentages. And the best part is - you lend 1 bitcoin, you always get back 1 bitcoin plus interest, and it's value is... exactly 1 bitcoin! Never half or double of that. ok ,why would i lend my bitcoin to a an untrusted third party to hold it for a year or two and then take it back with interest and i get back "exactly 1 bitcoin ! Never half or double of that." why not just keep it myself and eliminate the third party risk ? |
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of course ,some day traders make a profit on the volatility swings
but trusting a foreign exchange with all your money or btc isnnt wise in my opionion
even gox closed last week for a hour in a very volatile period and cryptsy goes on and offline regularly
with transcations sometimes not even showing up and trades not being executed even though there is a buyer
and a seller at the same price
btc-e have been accused in multiple threads of selective scamming larger accounts and another exchange as well has just been accused of similar
also the exchanges themselves lack liquidity and if theyve been taking risks with your coin youl likely never know about it
until the fcuk up and its bankrupty time
also the hassle of having accounts frozen and taking months to recover funds if at all is a major worry or governments
and banks suspending accounts and trading licences
if you think you have a stronger advantage than the house ,by all means ,go for it
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