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2261  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2015, 02:16:43 PM
Come on Whale Club!  You're embarrassing yourselves with your $15 dump...

Where's my $50 coin!   Angry

2262  Economy / Speculation / Re: Current CRASH of 18/3-2015 on: March 18, 2015, 02:14:25 PM
So $15 is now considered a CRASH in Bitcoin world?!!   Huh Huh

What do we call the Goxxing in February 2014 when we touched $100 coin then?  The Bit-pocalypse!

2263  Bitcoin / Bitcoin Discussion / Re: Is Regulation The End For Bitcoin? on: March 18, 2015, 02:08:56 PM
Need a happy medium, so a little bit of both.  Regulation for the major Bitcoin exchanges, but not for the developers, merchants, and end users with Bitcoin.

Just a little give and take when it comes to regulation, like pretty much what's happening now in New York with the Bitlicense.  Can't always operate in the dark or gray area, but at the same time, we can't have regulation stifle innovation, growth, and maturation.
2264  Bitcoin / Bitcoin Discussion / Re: Recently published book discussing Bitcoin and Cryptocurrency on: March 18, 2015, 02:01:41 PM
Good work Tyke!  Looks promising and a very approachable book to a beginner to Cryptocurrency.

I'll definitely be adding this to my Amazon wishlist along side "The Age of Cryptocurrency" and "Mastering Bitcoin".
2265  Economy / Speculation / Re: Bitcoin Price Declines; Where are we looking now? on: March 18, 2015, 01:17:16 PM
Death!!

Please add your obituary for Bitcoin here:

http://bitcoinobituaries.com/



2266  Other / Off-topic / Re: Complete the sentence... "I would sell all my Bitcoins if..." on: March 18, 2015, 01:04:20 PM
I would sell all my Bitcoins if the bitcoin price goes up to $1 Million or drops down to $0.001/coin.

If the bitcoin price goes up to $1,000,000, great. I'll use the coins to buy a house and pay off my mortgage etc. etc.

If it drops to $0.001, then I'll probably switch to altcoins instead. Tongue

Lol if Bitcoin drops to $0.001, guess how much those altcoins will be worth.   Shocked

2267  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2015, 01:00:02 PM
Any Whale Club members in here?  You made the news!

http://www.coindesk.com/inside-whale-club-the-trading-room-that-loves-bitcoin-price-declines/

I bet they caused this dumpage...
2268  Bitcoin / Bitcoin Discussion / Re: Adoption in terms of users on: March 18, 2015, 12:44:07 PM
For reference, the Juniper Report article:

https://coinreport.net/report-estimates-nearly-5m-bitcoin-users-2019/

Quote
UK-based analyst firm Juniper Research released a report Tuesday that suggests the number of active Bitcoin users around the world will reach 4.7 million by the end of 2019, compared to slightly more than 1.3 million last year.

But the report argues that exchange trading will continue to dominate the use of Bitcoin, while retail adoption will be largely restricted to relatively niche demographics, said Juniper Research in a press release.

According to the report, while a high number of high-profile merchants are supporting Bitcoin payments, activity levels from both online and offline developments are considerably low. Windsor Holden, the report’s author, said, “While average daily transaction volumes have increased by around 50% since March 2014, the indications are that much of this growth results from higher transaction levels by established users rather from any substantial uplift in consumer adoption.”

The report lists a number of factors it claims would continue to hinder growth, in particular the difficulty in communicating the concept of digital currency payments to end users. The report also argues that Bitcoin’s historical association with – and continued use by – criminals for illegal purchases and money laundering is likely to serve as a further deterrent to mass adoption.

The report also notes that with many Bitcoins being hoarded by early speculators, supply of the digital currency could be further restricted with Bitcoin mining profitability jeopardized by a combination of the Bitcoin’s volatility, lower Bitcoin yields, and rising electricity costs.

Other findings in the Juniper Research report include:

The altcoin market continues to be plagued by “pump and dump” currencies developed solely as short-term investment vehicles.
The introduction of licenses, regulated exchanges could lead to a stabilization in currency values and with it an increase in retail transaction adoption.
The protocols behind digital currency could be deployed in areas such as real-time transactional settlement.
The report is available for purchase on Juniper Research’s website.

5 million Bitcoin users by 2019 or basically a really big city's worth of people.  Doesn't seem much. Undecided

Just shows how much more work and time we got ahead of ourselves, if Bitcoin is going to truly become the world's currency...
2269  Other / Beginners & Help / Re: Bitcoin wallet for samsung android on: March 18, 2015, 12:36:35 PM
Mycellium for security and features, Blockchain.info for quick transacting and small amounts.

https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=en

https://play.google.com/store/apps/details?id=piuk.blockchain.android&hl=en

Can't go wrong either way, just make sure you use 2 Factor Authentication.
2270  Bitcoin / Bitcoin Discussion / Re: Please no more merchant adoption!! on: March 18, 2015, 12:32:30 PM
I'm the opposite view...we need more merchant adoption!!!   Grin

People on the street don't know what the F#ck Bitcoin is man...forget the wild price swings for a moment, and let's focus on getting Bitcoin's "brand" actually recognized.

Basically we need more marketing and advertising, and to do that with need to fill a niche audience first before the mainstream.  And we can't even fill that niche, so let's keep adopting more merchants please!!!!
2271  Bitcoin / Bitcoin Discussion / Re: My first Bitcoin , what now ? on: March 18, 2015, 12:28:34 PM

@ChuckBuck , Most of those companies don't ship where I live (Algeria) so It's little bit hard to buy anything from them . for Gift cards ... I can find them cheaper then their original price , I found 10$ for 10$ gift card is a little bit expensive Grin


~ Madness

Hey Madness,

About you get one of these and and see if you can use it in your everyday stores:

https://in.xapo.com/campaign/debit/

https://xapo.com/

Pretty sure you shouldn't have trouble using a Bitcoin debit card in Algeria.

Chuck
2272  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 17, 2015, 08:39:37 PM
I'm surprised none of the bear trolls have posted this news to try to spin it as the death blow of Bitcoin:

http://techcrunch.com/2015/03/17/facebook-pay/
2273  Economy / Service Discussion / Coyno, Berlin based startup, to help manage all wallet funds and tax reporting on: March 17, 2015, 08:15:54 PM
Looks like a good service for anyone worried about reporting their taxes and gains correctly, and just managing all their multiple wallet address funds:

https://paymentweek.com/2015-3-17-coyno-helps-bitcoin-users-manage-funds-on-various-wallets-tax-reporting-features-coming-soon-6854/

https://coyno.com/

Quote
Coyno, a Berlin-based startup, aims to boost bitcoin management efficiency across multiple wallets. The new company took part in Axel Springer Plug and Play Accelerator last year, where it received around $26,000 in funding.

At the moment the platform is still in beta mode with over 150 active users participating in the program. Coyno includes a robust user interface and simplified graphs, allowing users to see how their bitcoins are allocated in real-time.

Individuals can choose from a total of six different wallet providers including Coinbase, Electrum and Trezor. A detailed breakdown of each wallet is also available from the dashboard.

When asked about how the company’s new offering can help the bitcoin community, co-founder Erasmus Hagen said the following:

“[Current] wallets are nice, but just look at a bitcoin address. When I look at my phone wallet, it’s impossible to remember what [transactions] happened at the time unless I write it down. Just to have a graphical representation, to help you use bitcoin the right way, is going to be absolutely crucial to mainstream adoption.”

The startup plans to include tax reporting capabilities to the platform, which was the core inspiration for the service. In addition to tax accounting, the pioneer team hopes to roll out a range of digital currency analytics software in the future.

Coyno has several advantages over other bitcoin services in the industry. The company doesn’t actually handle users’ private keys or their personal funds. Furthermore, licensing from regulators and compliance with anti-money laundering (AML) or know-your-customer (KYC) rules are not required for the firm to operate.

“We never touch your private keys. You can do a lot of cool things [in bitcoin] without ever having to control people’s funds,” mentioned Hagen.

Sorta like a Quicken/Quickbooks/Turbotax for Bitcoin.
2274  Other / Off-topic / Re: Facebook Messenger App for iOS Gains Money Transfer Feature on: March 17, 2015, 08:04:41 PM
NO thanks, I don't even have their Facebook Messenger app for messaging any Facebook friends.

It's bad enough they already know my penis enlargement secrets, but now they'll know when I send Facebook whores money?!!!

Fuck that.
2275  Other / Beginners & Help / Re: What to use Bitcoin on? on: March 17, 2015, 07:54:57 PM
i bought some steam games once for it. and now im saving it because i believe its price will rise a lot

Speaking of gaming...

http://www.greenmangaming.com/

2276  Economy / Speculation / Re: Do you think Buffett was right? on: March 17, 2015, 07:49:59 PM
Facebook Introduces Free Friend-To-Friend Payments Through Messages


When you chat with friends about settling debts or splitting the bill, Facebook doesn’t want you to have to open another app like PayPal or Venmo to send them money. So today it unveiled a new payments feature for Facebook Messenger that lets you connect your Visa or Mastercard debit card and tap a “$” button to send friends money on iOS, Android, and desktop with zero fees. Facebook Messenger payments will roll out first in the US over the coming months.


http://techcrunch.com/2015/03/17/facebook-pay/

Fixed your highlighting.  I doubt your bank is fee-less.

"While only in the US for now, if Facebook opened up Messenger payments internationally, it could help migrant workers send money home much cheaper than through high-fee remittance services. But for now, Facebook says it just wants to get friend-to-friend payments right in the States. “We’ll consider where to take it after that once we get everything nailed down” says Davis."

That already exists, old news, Facebook is behind in the times:

https://rebit.ph/

https://www.bitpesa.co/

https://artabit.com/en/

Oh well.  One day Facebook you'll catch up...
2277  Other / Beginners & Help / Re: Can somebody explain me step by step how can I make paper wallet? on: March 17, 2015, 07:46:12 PM
1)Download the zip file from BitAddress: https://www.bitaddress.org

2)Unplug PC ethernet or disable wireless network connection so PC is completely offline.

3)Extract zip file onto a folder on the desktop, then double click on the bitaddress.org file inside this folder to launch bitaddress offline website.

4)Mouse around and type letters into the textbox until your public and private keys and QR codes are generated.

5)Once generated, click on Paper Wallet and 3 wallet addresses with both public and private keys available to use.  Highly recommended to plug into a printer via USB to print your Paper Wallets, then you should be able to fund them safely.

6)Once funded, place them in a zip lock bag or air tight plastic bag or laminated paper to water proof.

7)Close out of the offline BitAddress site, and restore your internet connection

8)Stick them in fire proof safe or keep a few for spending.

Thank you very much, I will try this with my old printer that can't connect internet for driver.

New printers can connect internet for driver and some of them connect for social media photos. Old printers are more safer as you told. Thank you again.

No problem!  As long as you download this first https://github.com/pointbiz/bitaddress.org/archive/v2.9.8.zip and launch on offline PC, there really should be no "eyes" on your screen, and you should be able to safely generate your paper wallet.

Should I lock my housemate in his room? Smiley

Hahah, that is true!  You'll be free from "Internet Eyes", but hopefully your housemate doesn't have a photogenic or eidetic memory and isn't snooping around.   Cheesy
2278  Other / Beginners & Help / Re: Can somebody explain me step by step how can I make paper wallet? on: March 17, 2015, 07:39:28 PM
1)Download the zip file from BitAddress: https://www.bitaddress.org

2)Unplug PC ethernet or disable wireless network connection so PC is completely offline.

3)Extract zip file onto a folder on the desktop, then double click on the bitaddress.org file inside this folder to launch bitaddress offline website.

4)Mouse around and type letters into the textbox until your public and private keys and QR codes are generated.

5)Once generated, click on Paper Wallet and 3 wallet addresses with both public and private keys available to use.  Highly recommended to plug into a printer via USB to print your Paper Wallets, then you should be able to fund them safely.

6)Once funded, place them in a zip lock bag or air tight plastic bag or laminated paper to water proof.

7)Close out of the offline BitAddress site, and restore your internet connection

8)Stick them in fire proof safe or keep a few for spending.

Thank you very much, I will try this with my old printer that can't connect internet for driver.

New printers can connect internet for driver and some of them connect for social media photos. Old printers are more safer as you told. Thank you again.

No problem!  As long as you download this first https://github.com/pointbiz/bitaddress.org/archive/v2.9.8.zip and launch on offline PC, there really should be no "eyes" on your screen, and you should be able to safely generate your paper wallet.
2279  Economy / Speculation / Re: Do you think Buffett was right? on: March 17, 2015, 07:36:33 PM
Facebook Introduces Free Friend-To-Friend Payments Through Messages


When you chat with friends about settling debts or splitting the bill, Facebook doesn’t want you to have to open another app like PayPal or Venmo to send them money. So today it unveiled a new payments feature for Facebook Messenger that lets you connect your Visa or Mastercard debit card and tap a “$” button to send friends money on iOS, Android, and desktop with zero fees. Facebook Messenger payments will roll out first in the US over the coming months.


http://techcrunch.com/2015/03/17/facebook-pay/

Fixed your highlighting.  I doubt your bank is fee-less.
2280  Other / Beginners & Help / Re: Can somebody explain me step by step how can I make paper wallet? on: March 17, 2015, 07:24:37 PM
IF you are like me you probably understand things better over video/audio.. so this is a good video for you:

https://www.youtube.com/watch?v=JsyPfiENwQU


That's old school antiquated directions from 2013, there's a Github repository zip file at the bottom of BitAddress.org now.  No need to save the entire website to thumb drive for offline wallet creation.
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