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2181  Economy / Speculation / Was that the top of the dead cat bounce? on: December 09, 2013, 07:33:53 AM
just then on gox?

is this a dead cat bounce?
2182  Bitcoin / Bitcoin Discussion / Re: [Question] Is it traceable After changing to Altercoin? on: December 09, 2013, 06:56:50 AM
The NSA knows all and sees all. You cannot hide anything from them. They will trace any electronic footprint you leave anywhere. Be forewarned!  Grin

emunie
zero coin
anoncoin

will put an end to this
2183  Bitcoin / Bitcoin Discussion / How spread bitcoin info (to banks) on: December 09, 2013, 06:53:56 AM
tl;dr Ask your Bank next time when go in, Can I buy Bitcoin here? [imply they are missing out on business]

FV (full version)
Every time I go to the Bank, the teller always asks, after I finish,

Quote
Teller "can I help you with anything else?"

Today I decided to ask,

Quote
Me "Do you sell or exchange Bitcoin?"

Interestingly the Teller knew about Bitcoin, and seemed to have had some sort of internal briefing from the Bank about what to say.

Essentially the Teller sort of referred to some sort of legislation (which actually doesn't exist), but it boiled down to the Bank did know where the money is coming from.

I decided gently push and inquired about currency exchange, eg it I give $500 AUD for $USD or the other way around and suggested that the bank was missing out on opportunity to make some profit.

I was very polite at all times.

The other Teller was also listening in.

I think the banks feel a little flumoxed by BTC and sort of vaguely aware that their Banking Institution is facing competition for services from a non state actor.

Eg one Statement the teller made was that Bitcoin wasn't backed by anything. This is what Banks/old money find hard to understand. They are used to the banking lenience given out by the State for their monopoly on money, debt issuance and being an. Authorised Deposit-taking Institutions (ADIs).

This sort of throws into issue larger questions that most people don't think about like state actors legitimacy as a source of power and its limits and ambit, though indirectly.

"If the State is not behind it why does it have value?"

2184  Bitcoin / Bitcoin Discussion / Re: [ANN] Australian Bitcoin Foundation on: December 09, 2013, 06:11:23 AM
Actually I think using association is a better idea as it prevents confusion with the bitcoin foundation, and doesn' t dilute that usage. Whatever entity is set up as the australian bitcoin group - and it sounds like one has already been created - should be distinct from the US Foundation.

I just like the name foundation better than association. The Brand identity foundation may also be a benefit.

Association sounds more like a club.

but both have their merits
2185  Bitcoin / Bitcoin Discussion / Re: [ANN] Australian Bitcoin Foundation on: December 09, 2013, 01:48:18 AM
actually, why even think about forming an australian bitcoin foundation ...

why not insist on australian representation on the executive of the bitcoin foundation as it already stands ??

couldn't we do both

also I think the name foundation is better than association, I'm not sure of the logic behind the others using Association?
2186  Bitcoin / Bitcoin Discussion / Re: [ANN] Australian Bitcoin Foundation on: December 08, 2013, 11:18:17 PM
Hi all,


My name's Max, and I'm currently the treasurer.

A little prepared statement: (we'll do a proper ANN soon)


-----

Cheers,
Max

"proper" announcement, how is one announcement more proper than another?

anyway, it seems the association is also a good idea, but was not first to market, but maybe we should merge threads/objectives or something in the greater interest.
2187  Economy / Economics / Re: Technological unemployment is (almost) here on: December 08, 2013, 03:00:25 AM
Quote
 Government subsidies -- minimum wage, welfare, food stamps, etc. -- they give fish rather than teach to fish -- and thus distort incentives and the market, and ultimately lead to a lower SOL:work ratio.
[/quote]

completely wrong because even if  I can fish, the govt only gives out a certain number of licenses to be able to fish.

try to think a bit deeper than accept trite platitudes.

The govt can only give me food stamps because they have taken more from me in the first instance. Eg the opportunity to practice in whatever field I want by meeting the standard, not the have a quota/state licensing system
2188  Economy / Service Announcements / Re: CoinJar - Australia's first VC-backed Bitcoin startup on: December 08, 2013, 01:04:02 AM
Warning: CoinJar Filler can take Bitcoin out of your CoinJar at any time.

whats this all about please explain?
2189  Economy / Speculation / Re: It's over. Bitcoin is finished. on: December 07, 2013, 11:38:45 PM
and yet here you are on a btc forum, its not like there is even a GOV Fiat forum, where the masses consider FIAT
2190  Bitcoin / Bitcoin Discussion / Re: City London does 1.85 trillion, forex a day (wiki) look whats comeing on: December 07, 2013, 05:51:10 PM
LOL

3 computer IT geeks trying it out in the financial management market...

yes they know about coding a secure reliable site, but do they truly know all the legal issues around holding FIAT and being responsible for possibly millions of peoples money?

im getting a weird de ja vu image here of amir taaki, with his intersango and bitcoinca attempts.

id much prefer a proper forex management company making a bitcoin exchange rather than 3 IT scholars from oxford... just saying. but after all, the lovely freedom of bitcoin entrepreneurship.. lets let anyone have a try. and see how it goes

I'm not referring to them per se, rather that there is money left on the table by this, eg btc-e alone has done almost 100M vol. n the last 24 hours,  and an entity in the  city will  eventually step up and successfully take it.
2191  Bitcoin / Bitcoin Discussion / Re: If confirmation takes 10 minutes, how will I buy coffee at Starbucks? on: December 07, 2013, 02:09:33 PM
For small purchases, you don't really have to wait for a confirmation.  You just need to make sure the transaction appears on the network.  If there are any losses, they can be written off as a cost of doing business or treated as theft.  The chances of double-spending for a cup of coffee are less than the chance of someone walking out on a restaurant bill.


but given in any block there are a lot of transactions, isn't any block up for subversion so that argument its only small doesn't cut it? OR arue you saing a company could wear a small loss like that so it doesn't mater
2192  Bitcoin / Bitcoin Discussion / City London does 1.85 trillion, forex a day (wiki) look whats coming on: December 07, 2013, 10:21:41 AM
Where there is currency trading the City will do it, and can operate more or less outside of the parliamentary requirements/legislation, the quid pro quo is they will raise money when the parliament needs it.

Look whats coming
http://www.bitprice.com/

I'm not referring to them per se, rather that there is money left on the table by this, eg btc-e alone has done almost 100M vol. in the last 24 hours just for btc/usd,  and an entity in the  city will  eventually step up and successfully take it.

There no reason that can't be $1 billion, at 0.2% that's 2 million a day....someones going to pick this up



China isn't really that relevant in comparison to the scale of this trade, or the US for that matter, not their GDP buying power or much else really.

2193  Alternate cryptocurrencies / Altcoin Discussion / Re: Poll: Which Alt Coin will see the most growth in 2014? on: December 07, 2013, 09:54:27 AM
PPCoin no doubt diff is rising steep in 2014, the coin already got traction,I can foresee price per coin can surpass Ltc

this
2194  Economy / Service Discussion / Re: Gox false signal, loop, aka westexaco: Gox runs its servers from a potato on: December 06, 2013, 08:17:20 PM
Gox trading platform has an issue, looping, and cheap coins on other exchanges as they followed until the other exchanges broke free from this false signal

I have just watched it , it goes down to 829, then back to 879 repeat......the trading engine is broken

Thanks you gox for cheap coins on other exchanges

tbx quote of the day on this
Quote
westexaco: Gox runs its servers from a potato

and i say that's generous given Gladios could be run from a potato



Have you succeed in making bids and withdrawing from gox now? It seems that this price doesn't mean anything (for me) as far as I can not set any bid (one is pending for >40mins).

I have never traded on gox, not saying I wouldn't though.....tbh its not as easy as it looks to set this all up
2195  Bitcoin / Bitcoin Discussion / Re: UK no longer requires VAT to be paid on BTC. Now we can have a real exchange! on: December 06, 2013, 08:13:38 PM
if the city is good at one thing its Laissez-faire tradeing when theres a percentage to be made
2196  Economy / Service Discussion / Gox false signal, loop, aka westexaco: Gox runs its servers from a potato on: December 06, 2013, 07:43:09 PM
Gox trading platform has an issue, looping, and cheap coins on other exchanges as they followed until the other exchanges broke free from this false signal

I have just watched it , it goes down to 829, then back to 879 repeat......the trading engine is broken

Thanks you gox for cheap coins on other exchanges

tbx quote of the day on this
Quote
westexaco: Gox runs its servers from a potato

and i say that's generous given Gladios could be run from a potato

2197  Alternate cryptocurrencies / Altcoin Discussion / Re: QuarkCoin-The price and potential on: December 06, 2013, 01:25:00 PM
Quark is a bargain right now. Those who whine don't want you to invest in a coin they didn't invest into. keiser pushed ltc from $5 to $48, he mentioned quark, this alone is huge advantage over all other coins, not to mention it has interesting features and a growing development team:

http://quark.freeforums.net/thread/296/quark-community-project-development-teams

but ltc has warren and a competent dev team, BTC has many competent devs, and PeerCoin has Sunnky King which is the closest thing to satoshi , when you think about it. Finally Emunie has fuserleer another competent dev.

Who exactly does quark have as their dev?Huh  
2198  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Quark the new FTC on: December 06, 2013, 01:20:21 PM
Quark is here to stay, FTC is a copy, Quark is not. Don't hate, do some research

didn't quark copy some other coin sif or something
2199  Alternate cryptocurrencies / Altcoin Discussion / Is Quark the new FTC on: December 06, 2013, 10:46:39 AM
This QRK swarm reminds me of FTC when it was first launched....

discuss

(& where have all those FTC people gone?)

and whats the benefit of the mutlihashing
2200  Alternate cryptocurrencies / Altcoin Discussion / Re: Poll: Which Alt Coin will see the most growth in 2014? on: December 06, 2013, 09:57:22 AM
PeerCoin
Emunie

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