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2221  Bitcoin / Press / Re: [2014-01-22] - Wanted : Bitcoin ATM in Paris on: May 04, 2014, 02:39:01 PM
Still no bitcoin atm in paris atm, anyone know of a project close to opening one in paris?
2222  Other / Beginners & Help / Re: How lucky Is my brother on: May 04, 2014, 02:35:55 PM
Sounds like a bit of a tall story to me, given the current difficulty it's more probable to be run over by a hippo on Times Square
You will have to provide some evidence for this

It is very unlikely and he doesn't provide the block ID or the address with the coins and he just created the profile
2223  Economy / Gambling / Re: HourlyBitcoin.com - 1% of your deposit directly to your Bitcoin every hour. on: May 04, 2014, 02:33:19 PM
More than 40 payments processed in 24 hours. Join the realistic program which is picking up steam now.
And don't send from shared wallets Smiley

It is deceiving and not realistic
2224  Economy / Investor-based games / Re: X-Value.com - About 80% Monthly Income on: May 04, 2014, 02:32:27 PM
Check out this new project: http://x-value.com

How to invest in Super Shares
1. Buy Super Shares.
2. Wait a while as the Super Shares price grows.
3. Sell Super Shares. Get your profit.

Project takes just 0.3% fees for all buying and selling operations.
Also project has referral system with 50% commission from fees.

You are talking shares and income but your are in the gambling section and you don't explain where the profits come from
2225  Bitcoin / Bitcoin Discussion / Re: 1,000,000 bits = 1 bitcoin. Future-proofing Bitcoin for common usage? VOTE on: May 04, 2014, 02:31:12 PM
We are talking about future proofing so let's make 1 BTC = $100,000 for easy math.

Suppose Joe blow wants to order a $5 cheeseburger in BTC. Here's a few different scenarios:

A. "That'll be 0.00005 BTC please."
B. "That'll be 0.05 mBTC please."
C. "That'll be 50 uBTC please."
D. "That'll be 50 bits please."

A and B are eliminated right off the bat because nobody wants to recall how many zeroes they've put after the decimal.

This leaves us with reasonable C and D, but the word "bit" is far more marketable than "micro-BTC". Micro-BTC just doesn't roll off the tongue like bits does.

For those who say we have MicroBitcoin already, it's not about us... we get it, we're fine. We're already invested into BTC. Get over yourself. It's about widespread adoption transcending mathematical literacy, and "bit" is the ideal solution concerning avoiding decimals as well as ownership psychology.
this. I would like to add that uBTC is also confusing, though, whereas bits are not.

bits are easier to use because it is a word rather than a group of letters
2226  Economy / Economics / Re: Would it be possible to create a distributed bitcoin price stabilizer? on: May 04, 2014, 02:29:38 PM
If the price should go up a lot, the money stabilising the price lower than what it should be will be gone rapidly and the same is true if the price need to go down a lot

The goal is to stabilise, not fix, so if the price moves rapidly the market makers would adjust their bids/asks. The price is still able to move, but spikes are reduced.

You can't decide what the price should be, the market will decide it naturally and more efficiently
2227  Economy / Speculation / Re: RIGHT TIME TO SELL??? on: May 04, 2014, 02:26:51 PM
Right now is the best time to buy them. It's like when Bitcoin went from $500 to $80, I think. People bought a lot of 'em then. And they made a pretty good profit in the long run.

Or it may be when it went from 500 to 150 and you are not sure we hit the bottom but it is still a huge buying opportunity with all the upside potential
2228  Bitcoin / Bitcoin Discussion / Re: Generating Vanity Addresses on: May 04, 2014, 02:23:58 PM
AAAHHHHH!!!!! Bitcoin address generation is best never outsourced! Why did 10 replies not mention this? It is utterly stupid to trust any service to generate save addresses for you as there is no way of knowing if he deleted his copy or not. Once he gets cancer or turns into an asshole, he digs out these addresses and spends your money.

yeah this much is pretty obvious...

i was curious though if there was some time of secured service providing this... i still probably would never trust it, however i was curious.

i will continue to hash away at my own vanity address on my own servers..

after having the basic logic explained (which i probably should have grokked from the start) i will just disperse vanitygen across a few dozen servers and see which one comes up the winner.




Each time you trust a website or any third party you are taking a risk, there is enough risks just by not protecting the private key enough to trust a third party to add more risks
2229  Economy / Trading Discussion / Re: An example of how NOT to trade on: May 04, 2014, 02:20:03 PM
Hahaha! Great chart! Kind of true for bitcoin.  Grin

BTW ... I am doing a lot of serious trading with binary options, mainly currencies, but I still didn't go into bitcoin trading ... I was looking for the info I can find online and I am very happy to find this forum! Since every trading asset - stocks, currencies, commodities, etc .. has its own 'rythm' and chart patterns I wonder what is the story with bitcoin. For me it is still a very unpredictable asset, especially for intraday and high-frequency trading.

Does anyone have any experience with any type of bitcoin trading based on the technical chart analysis? Any advice on this? Or it's best just to keep away?


Well there is ALOT of fluctuation after the twins pumped a few million into the market thats when BTC really took off but I believe at least until more mainstream brick-and-mortar stores start accepting BTC that $1,300 per BTC was a pretty unsustainable price somewhere in the $400-$600 range seems about right right now but I believe that things are going to continue to stay rocky in the near term while the market reacts to China and the USA's rulings but as long as the exchanges (cause this is where the real issue lies) get Licensed theres nothing stopping long term growth in my opinion. In the interest of full disclosure I am LONG on BTC and LTC but that is just me do your research and make your own decisions but I believe that as long as we the community support BTC everything else will follow.

If enough people can get just ONE major retailer lets say Target for example to accept BTC/LTC watch how fast every other retailer such as Wal*Mart and the like will follow suit because accepting crypto will ggive the first adopters a competitive edge in an increasingly tight market but I can almost guarantee that the big boys will shy away until the shenanigans with the Gov't are done which leads us back to us as the community need to write our Congressmen and Senators (for my fellow Americans that is) and let them know that BTC SHOULD BE CAN BE AND WILL BE UNIVERSALLY USED, each phone call, letter and/or email is weighted to represent about ~2000 registered voters (last time I checked at least, so don't qoute me on that) so even if only 100,000 of us lobby that is a MAJOR voice to be heard by the jokers in charge.

You have describe a few ways for the price to go up again but I see many more : more users, positive news about the price in the media, panic buying, banks failures, USD collapse, European debt problem coming back in the news, more trust in Bitcoin and the system ect.
2230  Economy / Micro Earnings / Re: Win free Bitcoins every hour! on: May 04, 2014, 02:16:39 PM



Wow,awesome,
But when I took a clearly looking, I found it is only 0.00046323 BTC.

Yeah, this is what you get for just one post here... Grin
Well,You mean the signature campaign?
Actually ,I get 0.0006BTC per post, you too.

Even more than you rolled, though this still remains to be seen (last payment was 0.0004 BTC per post for Full Members)... Cool

It is way harder to roll 9990 on the site so it feels way better than when you get your sig money; you feel lucky and you feel good when it should feel the same since it is just money
2231  Economy / Services / Re: Full Concierge Service with BTC - Nightlife, Private Jets, Apartments on: May 04, 2014, 02:13:22 PM
Good luck with your business, how do you use for the private jet charters and how much is your cut?
2232  Economy / Speculation / Re: Got to keep reminding myself ... on: May 04, 2014, 02:08:55 PM
Holding bitcoin should be thought of as at least a 5-10yr position. We've gotten spoiled by the crazy bulls runs of 2013. Refactor your expectations.

It's an incredible opportunity to be present at the beginning of a ground-breaking new technology/paradigm. Humanity has not had ideal money since before we needed to transact quickly over distance. Now we've solved that 200yr old problem. To have an asymmetric investment opportunity along with that is icing on the cake.

Don't get greedy with your timeframes.

I totally agree that you shouldn't invest to make a quick buck in a week but instead expect a positive return in 5-10years if you want to make money regularly long term
It is healthy to have corrections and it is natural to have a huge volatility and months where nothing too exciting is coming, there are a lot of work being put in new cool Bitcoin websites and new smart persons learning about Bitcoin everyday

I'm actually quite happy with the way it is now. no more crazy swings. slowly but surely increasing in price at a more mature pace. I don't think I'd be comfortable if prices were 500 today, 1000 the next few weeks, then down to 300 in few months.

It has been going down for 5months
2233  Bitcoin / Legal / Re: Mt.Gox Multi-plaintiff Suit on: May 04, 2014, 02:00:21 PM
Was it really so that according to the TOS of Mt.Gox, the instant I deposit my BTC to them, it becomes their "assets" that they "owe" me, instead of "customer funds" that they must "safeguard" for me?

If this question is resolved in the only sane manner that it can be ("customer funds" unless EXPLICITLY otherwise stated), it also becomes clear why the contents of the safety deposit boxes are not auctioned when a bank becomes bankrupt, and your car is not sold if you were having it painted when the painting shop goes broke. Instead, you property is returned.

Anyone?

Simply put yes! It is how they justify all the regulations around the firms that provide a financial service or a money exchange (different regulations) when the simple market rule of the client choosing a safe bank to deposit its money would be more efficient
2234  Economy / Economics / Re: Bitcoins effect on the money supply? on: May 04, 2014, 01:56:58 PM
The sum of the value of all money together is what value all actors in aggregate wants to have in reserve. So when bitcoin aquires money value, other monies will lose value.

It is not possible to count the effective money supply, not even the bitcoins. Money is the fiat money notes and coins, debt, gold, silver or anything that aquires exchange value, currently stocks, bonds and houses. Thus a bubble is a price rise in something that is not normally not regarded as money, but aquires exchange value.

My guess is that bitcoin, when it rises to a more substancial level of aggregate value, will displace the worst money first, that is badly regulated fiat money in fringe economies, and houses.


Bitcoin creates wealth as well
2235  Bitcoin / Bitcoin Discussion / Re: House of Windsor - Commonwealth of Nations - Who decides? on: May 04, 2014, 01:51:05 PM
Sorry for the title - Been watching too much Game of Thrones  Cheesy

I remember when the EUR was introduced, at the time sparked many debates here in the UK about whether we should change our GBP to EUR, along with gradual acceptance from France, Spain, Northern Ireland to name but a few. But who (which group) actually gave the go-ahead to change their fiat currency to EUR? Certainly wasn't put to public vote.

Queen Elizabeth II is head of state for her sovereignty, known as the Commonwealth realm.

I think this includes 16 Countries and her face is printed on something like 20+ different fiat currencies. So my point is, if we get her in a room and make her watch The Rise and Rise of Bitcoin, will she have the power to make BTC the currency of the Commonwealth?

You could try to teach her sons about Bitcoin so they can influence the rest of the world
2236  Economy / Gambling / Re: EveryDice.com | 0.99% Edge - Instant Cashout - Invest - Referral - Mobile - Fair on: May 04, 2014, 01:46:18 PM
Ah, that makes perfect sense. I thought it was a stupid question.

Follow-up question. If I set the odds at 10%, then what does the 0.99% house edge do? My odds of winning are 10%, and 90% for losing. Where does the "house edge" come into play? What exactly does it do? Probably another stupid question...

Edit: Ok, I googled "house edge." I understand now. It means that I don't get mathematically true odds in return. So if I bet 1 bitcoin at 50% and win, I won't have 2 bitcoins, but 1.98.

Exactly and in the long term the house win

On ED you can invest and be the casino roll if it is legal in your country
2237  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 04, 2014, 01:44:05 PM
It will not change just by the current people passing the bag on. The new cohort of 3.2x more people is what will take it higher.

The current players' desire to have cheaper coins is no more significant then.

For the new cohort to come in, there must be a motivation factor. And what might that be?

I suspect, though I don't know for sure (no doubt others will comment on this):
Lots of new people (aka the "Fresh Fiat" we keep hearing about) are going into bitcoin. We know that the number of new accounts on Coinbase, Blockchain etc is rising significantly, and that must be bringing some new money in.
The problem is that speculative money is leaving bitcoin at the same time. Bitcoin was vastly overpriced and has corrected/is correcting (depending on how bearish you are).
Although it's a gross simplification, I wonder whether the newcomers are more 'normal' buyers, Joe Publics who have heard about Bitcoin and decided to buy a small amount, try it out etc, before perhaps investing more in the future. Whereas the speculative money is at least an order of magnitude greater per person, because these people were trying to make a lot of money at it.
It may be that a proportion of current newcomers become larger investors later on. I'd be interested to know how many day traders here started small before going in heavy enough to make/lost decent money, and how long that took.

TL;DR - growth in user base and fiat is already there, it's just slower and steadier than the speculators running for the door.
-> Relax. Once the speculators have bailed properly ("capitulation") we'll see the underlying growth that was there all along.

Discuss.

The new cohort will be motivate by owning an asset that can't be manipulated by their central government for political purposes and to own an asset that can be easily and cheaply traded around the word
2238  Local / Économie et spéculation / Re: Le bitcoin devrait remonter on: May 04, 2014, 01:41:55 PM
Mouais, je ne suis pas convaincu qu'une hécatombe économique arrive. en Europe, c'est surtout la France et quelques pays du sud qui pataugent et au USA ce n'est que quelques programmes sociaux qui détruisent le budget.
Bref, rien d'insurmontable si les taux d’intérêts remontent.

Pour moi, les fondamentaux du bitcoin c'est sa base d'utilisateurs.
Bien sur, syndrome de Washington monument en vue...

1trillion de déficit commercial, l'emploi qui se dégrade, un budget fédéral en déficit chronique et des comptes sociaux pas du tout financés ne se régleront plus par la suppression de qq programmes sociaux

En Europe il y a bcp de pays qui tiennent la route mais aussi un certain nombre qui ont laissés grossir l'Etat qui a avalé une partie de la croissance et endetté la population
2239  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 04, 2014, 12:35:04 PM
Gold has been going up every year for 10years except in 2013 and bitcoin has been going up every single year so far; the governments agencies have been manipulating the markets, the USD hasn't collapse yet and we didn't have the much needed recession so Gold and Bitcoin will go to the moon when the problems really arrive in the west

... to da moon baby ....

but you do NOT want to be around when it happens because everything else will be going to da shithouse ...

I think you can be fairly pessimistic when you see the amount of lies and deception the politics are using to hide the problems that they created : riots, martial law and wars are not out of the question

You could not be in the US or Europe when the worse happens and be safely in a freer country
2240  Economy / Gambling / Re: 999Dice.com - Just Launched - 0.1% house edge, faucet & earn BTC on: May 04, 2014, 12:29:00 PM
Keep your business to the trusted websites that are not shady and don't deceive the players
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