You could have your Wallet address and Private keys tattoo'd on your body, much like people get tattoos with information about their allergies and medical conditions.
Scarification of the buttocks would be pretty hipster  |
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the 2 most important and highest bang for the buck projects they could do in order of most importance would be:
1. a Bitcoin exchange.
2. a Bitcoin bank.
I completely agree, not only would this type of business be potentially much much more lucrative, it actually can teach a wide range of transferable skills. Web development, finance, law, risk, customer support, sales and marketing. All of those skills would be extremely useful to enrich such a community. Surely this is the way to go rather than trying to teach the nuts and bolts of ASIC mining? This would engage people with many different interests. |
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as far as i know, fiatleak is bullshit. for every transaction they show the amount o BTC bought, regardless the price. so it will always show BTCs flowing in, no matter if everybody is selling...
Well if someone sold, than someone bough right? I think that volume shown is just BTC changing hands inside btcchina. [...] sure! thats what i meant and thats why fiatleak is senseless! Agree. Fiat leak would make a lot more sense if it tracked deposits into and out of exchanges worldwide. But this isn't publicly-available information. Exactly, the data doesn't represent the fiat actually flowing in Also it can be manipulated, the last thing Bobby Lee wants is to make people freak out and be short of a few millions Manipulated by BTCChina or by whales? |
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Countries are not in the habit of engaging in foreign currency speculation. Especially because it doesn't involve any wealth creation, only shuffling between those who bet poorly and those who bet well. Oh no the 'trickle down' economists have arrived.
"Trickle down economics" aka "Voodoo Economics" were both terms invented and used by the Bush senior smear campaign when he ran against Reagan. Well this isn't speculation. If a small country made bitcoin it's official currency and backed some paper made bills with it, the price of bitcoins would skyrocket. The 10 billion Market Cap of bitcoin might go up to a trillion on that news. This could be enough of an incentive for a country (Or a group of rich people) to do this. As for the poor countries obligations, if they can't pay people, they can't pay people. What good is printing more useless money anyway. You really need to understand the difference between assets and liabilities. A country's official currency is the unit of its liabilities. No country would ever want a hard deflationary asset as the unit of its liabilities. Ever heard of currency wars? The aim on these is to have the cheapest currency, not the most expensive. Works the same (or similar) way for companies. Let's say you are a company that makes software. You hire someone to develop a new app. If you agreed to pay them in bitcoins when the price was $10 and you have them a salary of 5000BTC, thinking that you would have $200k in revenue, and by the time you had to pay them BTC went to $1000, your company is bankrupt despite making your sales target. Well until 1/2 the world money supply is in bitcoins, it would be the number of btc compared to X amount of dollars or something. There's a company in poland paying their employees in bitcoins if they want. I'm sure it's done in a similar manner. Agreed, you'd be paying them presumably at the market rate, convertible afterwards if the employee decided, passing the risk onto them for choosing the Bitcoin salary option. Besides, at this point where adoption was becoming more normal I think it's safe to say the price would not be moving from $10 to $1000 over any short period of time... |
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Vardiff might be a little too high still. I'm getting very few shares and so volatile returns?
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Just to confirm on here to everybody, I requested a manual payout almost immediately after the payments went live again and received at 19:37GMT. I am sure they are coming through, just a little bit slowly.
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Thanks for all your hard work Phonetic.
I concur! Must be a stressful day! Still having a few dashboard issues, as if it keeps resetting? Unless blocks were found but they're not in the log yet? |
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Thanks, have joined |
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Are you going to enable manual payments or not?  Manual payments re-enabled. Auto payment threshold also decreased to 10,000. Seems like you have listened, appreciated...hope the flaming was not too bad. Perhaps if you need to disable parts of the site it might be useful to post here before...just to keep people off your back. Any chance of fees for manual payment coming down? |
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I am hoping the manual payouts being withdrawn is something to do with getting the site and pool stable again...but it is certainly concerning :/
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Everything anyone knows about technical analysis is useless when it comes to Bitcoin.
What I know about trading and technical indicators is that you aggregate based on your trading strategy. Some do 6 hour candles and some 6 week candles pick your poison.
I was really suggesting aggregating across brokers/exchanges for each candle/tick, the upside for people being that maybe their technical analyses would be assisted somehow, the downside that the effective spreads would be much widened. It's more of an idea I'm putting out there for people, which may be useless or not I guess. As I say, I don't use technical analysis myself and I likely never will. |
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Though I have no doubt as the community grows, the idiots will come...and there will be more and more scams etc. associated with them.
I have some bad news for you: having scams "associated with" a financial institution is unavoidable, and perhaps even a sign of success in the legacy banking system. My personal preference in a broker/exchange is PURE utility. Speed of execution, depth of market, absence of slippage to a reasonable extent etc....
As soon as you get your coins held for ransom you will figure out that there is something far more important than any of these concerns. I hear you on the first point...and the second point I completely understand too. I guess I was talking from a Forex point of view, a more mature market with theoretically less danger of a broker running away with all your deposit. It's all about due diligence I guess...and currently in the Bitcoin world, operating with money you can afford to lose. I hope the days of this kind of fear in the Bitcoin exchange/brokering market are over soon...but I don't think it will be as soon as I would like. |
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I'm personally hoping Kraken can seriously catch up soon and start offering margin trading. Where did you get this info and how far back are Kraken?
Mark
kraken are great, but the fact they are based in the united states is keeping a lot of people away from them. Yep. They just can't seem to come to terms with the fact that the regulatory atmosphere in the US is simply unworkable right now. They seem to think if they wish really really really really hard it will all just work out okay. Not gonna happen. Find a new country or find a new business to run, guys. The longer people like you keep trying to make it work, the longer it will take the regulators to figure out they're killing the goose. I would have thought the influx of new people would have been attracted to Kraken by it's "shiny" interface
And this is exactly what's wrong with Silicon Valley right now (and has been for the last 5-6 years; I miss the old days). Shiny interface is not a core competency or even an meaningful competitive advantage. Only exception is cell phones since they're partly a fashion product (no, I am not kidding about this). I concur completely, I am often dismayed by how easily "shininess" can sway the masses. I'm not saying it's anything but a bad thing...I'm just surprised and quite heartened by the fact this community seems to have not been so easily led. Though I have no doubt as the community grows, the idiots will come...and there will be more and more scams etc. associated with them. My personal preference in a broker/exchange is PURE utility. Speed of execution, depth of market, absence of slippage to a reasonable extent etc.... |
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Just a note about something I have noticed on the site. When you have the window open in a non-fullscreen size when a game starts...when you maximise the window the aspect ratio can be a bit funky. I don't know if this is Chrome unique, as that is the only browser I use.
Mark
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Shouldn't people be attempting to aggregate price somehow before making market "predictions"? I'm not a big fan of technical analysis myself, but I know many people swear by their methods. Shouldn't the candles be aggregated into one candle, albeit with a much higher spread due to the differences in exchange prices?
Mark
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Find a whale, convince him he's an idiot for holding. He'll dump his coins, you buy them sub $300. Simple!  |
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I would entirely agree at the moment, that if you need the money sooner rather than later, convert to BTC, transfer to another option that allows for better withdrawal for yourself. Coinbase might be worth looking at for the US punter...though I don't know the likely turnaround fees myself. It's definitely worth a look into though for yourself.
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You can see that when you try to exit the website. When you exit you see exit splash giving out a free ebook about bitcoin. how is it a scam? Ebook gives you the history of the book and several manual trading strategies. But thank you for concernes anyways! We also fixed the recent issue with "no trades". We are currently in drawdown due to huge Bitcoin price collapse after China banned the biggest marketplace, but we are looking forward optimistically into 2014 as more and more vendors will start accepting it and the price will get back where it was. Anybody can make money with complete luck holding trades of a commodity when the market is experiencing a boom. When you experience bad losses, you just do the above and blame adverse market conditions and try to sweep that under the carpet. If anyone could predict prices with even a small edge for all market conditions then they wouldn't be selling their secrets, they would be a very successful fund manager. This is utter tosh and I hope everybody avoids this site like the plague. |
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Hi, keen to get more and more involved in the community. Anybody in the UK, North West or even London around to recommend meets or social gatherings of any kind?
Mark
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