Bitcoin Forum
June 21, 2024, 11:49:53 AM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 [106] 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 ... 207 »
2101  Economy / Speculation / Re: You want a Real Currency trade fellas? Take a look at BTCvsYEN on: December 18, 2013, 08:04:42 AM
hmm interesting

in BTC / cryptos 10x a month is normal in both directions.

2102  Bitcoin / Bitcoin Discussion / Re: He's back! on: December 17, 2013, 12:18:37 PM
can we pay this guy some BTC?

can some one ask him to get an address,

this guy actually is the best advertisement/advocacy/apologist for bitcoin!

the more you watch the funnier it gets


computers wont have terabyte hardrives....right?

maybe the pic of bulls in the background is a give away?
2103  Bitcoin / Bitcoin Discussion / Re: Latest "China" *announcement* carefull "FUD"...& coindesk continued it?? on: December 17, 2013, 09:04:55 AM
It isn't FUD.  Cheesy Grin Cheesy Grin Cheesy

It's real, alipay and the other payment providers and financial institutions are not allowed to deal with the bitcoin exchanges anymore.

I told you guys the legal document was open for interpretation.

https://bitcointalk.org/index.php?topic=358368.0;all


Financial institutions deal with currency, and the Chinese government wants to keep it that way.

Bitcoin Exchanges and related companies deal with Bitcoin, and the Chinese government wants to proceed this way.


It's only clarification of separation between THESE businesses, not Bitcoin in general.


Agreed. A big part of the motivation is probably to stem potential capital flight out of China via bitcoin. Not there was likely much of that going on, but the gov probably wants to get out ahead of matters. Which means eliminating layers of financial intermediaries that could obscure identity (hence why "payment processors" might not be allowed to interact with bitcoin exchanges, but banks are ok).

All in all, it will probably indeed dampen the mania to some degree, but it's by no means as hostile as many are making it out to be.

Bingo!

Good to see you all are starting to understand finally.

For the record, we can fully expect governments everywhere to demand the equivalent of AML/KYC, which is more or less what this China action likely amounts to (though more rigidly). That AML/KYC status-quo permeates the global financial system; not just the US.

Yes and they will collect capital gains and/or VAT taxes on Bitcoin appreciation as an investment even if you are trying to use it as a currency (medium-of-exchange), thus it can not be a currency.

But developers of altcoins will rise to the opportunity and create truly anonymous coins. Anoncoin isn't it. Bitcoin isn't it. I will soon publish a whitepaper to explain why.

In short, you need to understand that Chaum mix-nets (e.g. Tor) are vulnerable to timing attacks, and even honeypotting given only 3 hops. They NSA and spy agencies in each country are likely still able to track your identity much of the time. And VPNs are likely all controlled/backdoored/hacked/rooted by the NSA. And exchanging through mixers and altcoins does not obscure your IP address no matter how many times you do it. Also even across these proxies, your identity is tracked in other ways such as browser plugins trojans, cookies, patterns of internet uses such as favored search terms, facbook et al tracking the way you type, etc..

Even if you are one of the lucky few who manages to keep your anonymity assured by careful mix of the above methods, the point is the majority will not. And thus it is very simple for the government to make your anonymous coins practically unspendable and useless. The government simply sends a tax bill and put criminal liability for all activity on a coin since mining until present, until those non-anonymous coins holders (or former holders) can provide the identity of whom they bought from and sold to.

Thus all users will become afraid and only accept coins and sell coins from those who provide their complete identity. Thus only a coin with widespread assured anonymity would be able to become a currency and remain immune to government control.

So clearly you can see that you never will have anonymity with Bitcoin nor any current altcoins. Thus Bitcoin and the current altcoins can never be currencies (unless the governments take them over somehow and make them legal tender), and the government will essentially control them.

emunie solves the anonymity problem
2104  Bitcoin / Development & Technical Discussion / Re: [QQQ] Do you have to wait for the whole block chain b4 send (1K doge bountie) on: December 17, 2013, 03:06:38 AM



you mean, after all that chagrin, I get to win? wow. Can I donate the dogecoins to charity please. I really didn't want them in the first place, no offence Wink

yes of course just give me the address you want doge sent to
2105  Economy / Speculation / China BTC experience first dumps/crashes...this is good for long term growth on: December 17, 2013, 02:58:09 AM
I have been waiting for a good market shake out to give me more confidence in long term growth, this is a good sign. Also long termers have been through several "crashes" already and some newbs taken a good look at the entire BTC history this had shaken out a lot of "weak" hands.

It going to 10k then 100k and up maybe level out at 100K - 1M per coin.

newbs just running around with their hair on fire going derp derp derp and selling their way into oblivion, takeing a loss. Just hold for a year or 2, sell at 10K if you must.

If you have to "day" trade just use a small portion so feel like your not missing out.

BTC is not about a country or a government or the decisions they make. These will all be arbitraged out by BTC.
2106  Bitcoin / Bitcoin Discussion / Latest "China" *announcement* carefull "FUD"...& coindesk continued it?? on: December 16, 2013, 09:17:49 PM
I can't see any actual official document or reference unlike the last one that was signed by several Chinese gov agencies.

Can anyone else find an official reference, rather than my friend's cousin knows this guy who works in the bank or china and had a meeting with some other high up person who said....this is really really going to happen


Also the real money *I* think is going to come from the City of London when they get exchanges going. There's  about 1.8T a day in forex trade there.
2107  Bitcoin / Bitcoin Discussion / Re: Coindesk - China might have just killed BTC there. on: December 16, 2013, 09:02:16 PM
This looks like carefully organised FUD.

No official document like last time.


I await  the official document

and thanks for the cheap coins
2108  Economy / Speculation / Re: Balls of steel on: December 16, 2013, 12:35:24 PM
not so much balls of steel as,

I could have sold out at 300 and never buy in at the same level agian....this always for BTC, under 1c, $1, $10 $100 etc etc

the  risk of being out of BTC far out weighs a short term  gains in being in fiat.

Think about I'm so glad I sold 20K BTC at $2, bought in at $1!

yes good at the time, but you $20K profit is going get you $20 -30 coins now
2109  Economy / Speculation / Re: Does press dictate movement? on: December 16, 2013, 12:30:08 PM
headlines give short term reactions for the most part that soon revert back,

unless they are major like USA adopts bitocoin, scraps USD
2110  Economy / Speculation / Re: Bitcoin now Cheaper in China ? on: December 16, 2013, 12:28:43 PM
Btcchina has just introduced a 0.3% trading fee. Shocked

this
2111  Bitcoin / Development & Technical Discussion / Re: [QQQ] Do you have to wait for the whole block chain b4 send (1K doge bountie) on: December 16, 2013, 12:27:01 PM
as the title says

Do you have to wait for the whole block chain to download in the reference qt client before sending coins?

what happens if you send coins before you down load the entire block chain.

Is an effect you will only see your send in your client when that block is downloaded as well

Are there any other effects, risks etc.

1000 doge bounty to answer I like the best.



yep, the software is so user-unfriendly  you have to wait for the whole chain to download before you can do anything at all. Great isn't it.

Why not use a client like electrum that doesn't download the blockchain? Its up and running in 5 mins.

Even if I win, no dogecoins for me please  Grin

this is the best to an answer so far

the other point just downloading faster
http://www.livechains.net have a large libary of updated blockchains so you can speed up the initial sycn

 is orthogonal to the questions
2112  Bitcoin / Development & Technical Discussion / [QQQ] Do you have to wait for the whole block chain b4 send (1K doge bountie) on: December 16, 2013, 04:30:43 AM
as the title says

Do you have to wait for the whole block chain to download in the reference qt client before sending coins?

what happens if you send coins before you down load the entire block chain.

Is an effect you will only see your send in your client when that block is downloaded as well

Are there any other effects, risks etc.

1000 doge bounty to answer I like the best.

2113  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DOGE] Dogecoin - very currency - many coin - wow - v1.1 Released on: December 15, 2013, 10:32:24 PM
Just found 54mio Doge coins  Grin
Somebody lost them ?

Time to dump them.

 ++doge much immune to fud
    because already ironic

wow
2114  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DOGE] Dogecoin - very currency - many coin - wow - v1.1 Released on: December 15, 2013, 12:39:32 PM
1 time offer, I will sell a million at .60. First to pm.

 If you need me to explain, do not pm, you get it.
Come on, sell at 1. You dog. Such rise. Such profit. Such patient. Such adult. Not random.
You are correct! You so not get! Much DOGE love here. I no explain. Will do better!
 I retract my offer for .60 per meelion, and raise it to .80! I so devalue, I so make large mistake.

Very counterpoint.  Such pricefix, wow, many crash.  So market price, much invisible hand.
Want my standard add? or what our exchange that is launching tmw has?

 Pricefix my ass. This is called viral. Coins out there, go get em. Mine them the same as each and every person, pay electric, invest in equipment. THEN talk to me.

 You sound like a pissed off WDC owner.

if you look through scrappy posts you will see he spent some serious $$$ and time gearing up to mine. He took this risk, and now has a reward.

there is no issue here
2115  Economy / Speculation / Re: How to Recognize a Bubble (for the stock market.... see any similarities?) on: December 15, 2013, 11:33:08 AM
This is interesting and useful but as all the others say BTC Is NOT A STOCK and will never be one.
ok. a lot of people say this, though, without adequately explaining how its price movement does and will differ, specifically. in other words, it is an excuse to do no analysis whatsoever.

Glad to see someone else calling people out on this bullshit. Just because bitcoin isn't a company issued stock doesn't mean that it won't react to the same market psychology and supply/demand forces.
this is a good point.

the difference is stocks swaps around existing gov FIAT money supply so they all swim in that pool of money neither creating or destroying money or wealth just swapping it round and changing the velocity of the money. By printing more money makes any individual denomination less valuable.

BTC is competing with the FIAT pool itself. That is an entirely different proposition to a stock. The fluctuations come from the un even transfer of value in an out of BTC but mainly in as the log graph shows rather convincingly
2116  Economy / Speculation / Re: 2nd biggest ponzi scheme in history on: December 15, 2013, 11:26:54 AM
its hard too know where to start with this guy its so full off errors

here the first one, gov currency is also made up, eg needs to understand FIAT currency and fractional reserve banking.

Peak Month and Rate of Inflation: Nov. 1923, 29,525% Germany, that makes BTC deflation look rather tame.

What is happening now is the Govs just keep printing and taxing, and the whole edifice pumping, while we see cost of living go up while buying power goes down. BTC can now catch all this excess printing


2117  Alternate cryptocurrencies / Altcoin Discussion / DogieDev fund on: December 15, 2013, 11:16:48 AM
4 DogeDeV treasure fnud noa,   breed want best fastest, doge much groomed

      +++I have put in 100,000 seed Doge for this.....

DogeDev address
   
     DUN3aXQESpRD9rvGo1wPk43AGanJGG4eET

to ensure lite coin control is put in and bugs get fixed also for clients wallets like electrumDoge

pls put ur DogieDev wish
2118  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DOGE] Dogecoin - very currency - many coin - wow - v1.1 Released on: December 15, 2013, 11:01:59 AM
We naed to set Up a DogeDeV treasure fnud noa

      +++I will put in 100,000 Doge for this.....

to ensure lite coin control is put in and bugs get fixed also for clients wallets like electrumDoge

DogeDev address
    
     DUN3aXQESpRD9rvGo1wPk43AGanJGG4eET

2119  Economy / Speculation / Re: How to Recognize a Bubble (for the stock market.... see any similarities?) on: December 15, 2013, 11:00:40 AM
How Bubbles Grow: 12 Easy Steps

1. A believable concept offers a revolutionary and unlimited path to growth.
>>no limited coins, and s curve event so not unlimited

2. Surplus of funds and lack of opportunities lead to buying or investing in anything available.

>>no its an evaluation even the "funds" are the over printing, devaluation and bad economic decisions of the banks/gov for oh, 100+ years


3. An idea is complex and cannot be totally explained or related to an investor. [/b]
its easy, we bank now.

4. The crowd imitates the leader. All Aboard! Even the gardener has a tip!?
nope a fraction of a fraction know about BTC in any meaningful way.

5. Prices fluctuate from traditional level to overvalued level, THEN to all new ground and all time highs.
there are no traditonal levels nothing had been done like this before

6. New levels are sanctioned by experts. "We are in a new Paradigm!"
the "experts" decry BTC


7. Fear of missing the boat takes over.
Cloning of the idea occurs as many new overvalued competitors enter the market.[/b] this may be true

8. Lending practices are eased. Money flows like water to anything or anyone with a new idea.
no alot of forces make it hard to get FIAT in
 
9. Cult figures emerge for the new paradigm. The media promotes lifestyles, not substance.
No satoshi disappeared at the beginning...because he realized the implications of what he had just done....

10. The Bubble lasts longer than expected. Critics are dismissed. The last suckers are sucked in.
This think has gone up and down to the complete misitification of the "experts" who have pronounced BTC dead several times.




11. Fraud emerges as partly responsible for the bubble as the first cracks show in the bubble.
Nope. If anything the opposite.


12. Finally, everyone has a reason why it cannot continue. But nobody dumps, and all hold onto their profits. No new buyers. Market stalls.
Ok some truth, but the reason no one dumps is because they have seen it happen too many times, eg dumping, then the price going and order of 10 leaving them with FIAT never to be able to buy back in.


2120  Economy / Speculation / Re: Once China fully realizes it has been betrayed... on: December 15, 2013, 10:46:34 AM
OP is all true, please send me your soon to be worthless BTC
Pages: « 1 ... 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 [106] 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 ... 207 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!