No internet = bitcoin dead.
No internet = A lot of things dead. Therefore, internet.  |
|
|
|
|
Criminals and money launders adapt to innovations.
Our crime investigation units should too.
|
|
|
|
And I consider the World bank to be the prime example of a naturally occurring ponzi scheme  It has competition from the BRICs Bank. |
|
|
|
Well, there's still more SR coins. DPR's stash. And that's a much bigger stash, too. I suspect when it is announced that those coins will be auctioned off, that there will be a similar push down on the market (and then, similarly, recovery).
Tim Draper will be readying his war chest.  |
|
|
|
Some will keep mining for tx fees. Some will keep mining to keep bitcoin alive. Some will mine for fun. And some will have made so much money through BTC, that they would leave a portion of their legacy to pay for mining. |
|
|
|
Is just a third party to guarantee you don't get scammed (unless this third party is a scammer too)
Yup, you will have to ensure that this third party is not a scammer (has to be 'trusted'). When ethereum finally gets off the ground, you might not need escrows. |
|
|
|
It really depends on how many constructive post you can make a month, and so people join the sig campaign appropriate for them. If I am going to take a vacation for weeks, I should join Bitmixer. If I am going to make 50 constructive posts a month, I would get more in LB (0.1 btc) then in PD (0.05 btc). If I am going to make 400 constructive posts a month, I should join PD to get 0.4 btc. And also factor in which campaign is more stable. You wouldn't want your signature campaign to suddenly close down, and find out the others are closed for new entrants.  |
|
|
|
You can do both. When you spend it purchase an equal amount to maintain your reserve. I have been doing it pretty frequently through gyft and a few other merchants.
If the merchant also sells his BTC as soon as he receives it, effectively there is no movement in BTC. |
|
|
|
Some gold, to keep the ladies in the family happy. Remaining BTC |
|
|
|
|
How would capital controls work in the bitcoin era?
Right now, we have restrictions on how much FX an individual can transfer out of India. Since banks and authorized forex dealers are about the only way a person can procure FX, the government is able to monitor this.
Once bitcoins are easily available, what prevents a person from buying BTC and sending them across to another person outside India. Would you need an established and trusted 'hawala' operator to transfer funds outside India?
|
|
|
|
|
The bitcoin that they raise would be used to fund their expenses for the next 1 year. I am assuming that they would have to convert it to fiat to meet their expenses.
Could it lead to substantial selling pressure on the market?
|
|
|
|
"why do I want to work for Bitcoins?
The question to them should be 'Why do you want bitcoins?" |
|
|
|
Hello,
I have a business and I would like to add btc mining as a source of revenue. I have a couple of questions. please share your experience and wisdom.
1. mining machines should be tax deductible under section 179?
2. mining income counts as business income?
3. electricity as business expense?
4. mining loss as business loss?
thank you
First question - Country of business? A lot of mining rigs are set up in countries with low electricity cost... |
|
|
|
Make sure you don't get on the wrong side of a whale's order.  |
|
|
|
Very soon, only Satoshis will be required for regular transactions (I wish ) |
|
|
|
|
Think about buying an item in foreign currency.
You still have to pay taxes/duties in the legal tender of your government.
Buying in BTC should be no different.
|
|
|
|
All the same China could opt for a compromise position, something like Chinese Bitcoin; a digital exchange currency backed by gold.
What is to stop them from abandoning the gold standard at a later point in time, like the US did? |
|
|
|
Its been suggested already by a few economists that a new crash is coming.
Hopefully, they are not talking about a BTC crash. |
|
|
|
They're a great way for people getting to know bitcoin and gain some first-hand experience with their first bitcoin without actually buying BTC first. I guess the people operating the faucets often are the real winners. They receive money for advertisements run on the faucet-sites.
Yes, first-timers generally visit faucets to get an idea about bitcoin. But soon, they realize that it is not worth their time. |
|
|
|
bitcoin is not a stock, bitcoin is money.
in fact it is the only thing besides precious metals that has all the properties that money needs to have.
money needs to be:
1. a medium of exchange - it should be easy to give money to another party in exchange for goods and services.
2. it needs to be portable - it should be easy to carry around.
3. it needs to be durable - it should not be easily destroyed over time.
4. it needs to be divisible - it should be easy to split it into smaller units.
5. it needs to be fungible - all units must have the same value, it should be hard to counterfeit.
6. it must retain purchasing power over long periods of time - its supply must not grow rapidly and arbitrarily.
both fiat and stocks fail at 6 as they can be created by corruptible men at will.
precious metals are protected by the laws of nature from being created arbitrarily.
bitcoin is protected by mathematics from being created arbitrarily.
Money also needs to be a store of value (Related to Point 6). Although its supply will not grow arbitrarily, its price is highly volatile. This is a negative for bitcoin (in terms of being classified as money, not negative for traders) |
|
|
|
|
Show Posts
