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2361  Bitcoin / Bitcoin Discussion / Re: When did YOU start using bitcoins? on: January 02, 2015, 08:40:54 AM
Based on the wide spread of responses, the OP should restructure this poll so it's has fewer options, perhaps each option is 6 month increments or just by year.
2362  Bitcoin / Bitcoin Discussion / Re: How many addresses do you think the average bitcoin user has? on: January 02, 2015, 08:37:15 AM
You should create a poll from this question so we can all see what the summary if responses is, rather then having to read through every post.

Good question!

I have about 5.
2363  Economy / Collectibles / Re: 2014 Casascius St. Petersburg Bowl Bitcoin Coin on: January 02, 2015, 08:32:48 AM
So how did the bowl game go? Did the announcers talk about Bitcoin at all? If so, what was said?
2364  Economy / Collectibles / Re: 2014 Casascius St. Petersburg Bowl Bitcoin Coin on: January 02, 2015, 08:30:23 AM

If the article comes from a Bitcoin dedicated publication it's not something that can be considered "media attention." Only if the news hits external media outlets or publications - any outlet that doesn't specialize in Bitcoin - is it real attention.
2365  Economy / Economics / Re: Federal Reserve research paper on Bitcoin on: December 30, 2014, 05:25:59 AM
Any formal research is good research at this early stage but I wonder how the transaction volume data (i.e., size of average transactions, what they're used for, what transactions are used for daily spending, etc) may change when subsequent studies can pull data from more mainstream sources other than the gambling site (Satoshi Dice). I can't help but have a hunch that the people that spend most of their time on Satoshi Dice don't represent the entire BTC user population.
2366  Economy / Economics / Re: Federal Reserve research paper on Bitcoin on: December 29, 2014, 06:42:19 AM
This is great, thanks for sharing it! Great stuff in just the first few pages.
2367  Bitcoin / Bitcoin Discussion / Re: ISIS to create own coin. How can we convince to use Bitcoin? on: December 29, 2014, 06:11:29 AM
You want to help ISIS fund their terror with Bitcoin?!?! Are you a working with them, one of their terrorists?

If you're helping criminals fund their crimes, you are also a criminal. And if you want an easy way to destroy Bitcoin's reputation with the masses, get it associated with the largest terrorism group in the world...no one will want to use the "currency of criminals."

So when you use the western banking system (petrodollars) you are funding genocide on a mass scale with WAR WAR WAR for the rest of our lives?
I am no ISIS sympathizer (mainly because they are covertly funded by USA/ISRAEL), in fact I am atheirst and all religion can go to hell (Irony?) buit to accuse someone who happens to live in the part of the world constantly attacked by western powers as terrorist is the ultimate hypocracy.
We all love bitcoin right? imagine if instead of the corrupt banking system we had bitcoin all these decades. There would be very low chance of ISIS/ISIL/MOSSAD/MI5/MI6/NSA (same shit)  in the first place.
Pull your head out of ur ass and stop watching BBC/CNN/FOX whatever

Wow, my first post. It took idiocy to make me register. Hope your happy Wink

Welcome to the forum. I think you're making some really broad generalizations here which are more than unfair when compared to ISIS.

So you're saying that if I use a western bank i'm funding genocide and war? What bank in the world has funded genocide or declared war (seriously, i'm not aware of one that's directly done either of these things)? And why do you assume I bank with that bank?

By your logic, anyone who drives a car or uses plastic supports wars for oil. By your logic, anyone who drinks Russian vodka, smokes a cuban cigar, or eats at a Chinese restaurant supports Communism. By your logic, anyone that does business in Amsterdam supports prostitution. By your logic, anyone who travels to the Middle East supports Islamic extremists. By your logic, anyone that vacations in Colombia supports cocaine use.

What may be worse is that you're comparing the SOMETIMES hypocritical, (I absolutely admit) not-peaceful, not idealistic actions of a Western government with an organization that believes that beheading ANYONE who doesn't believe their ideology, ignoring education and science, and oppressing women is right and just...as if they're similar. ISIS kills you if you don't believe everything they believe in. The US, for example, allows you to shout whatever you believe from the streets, lawfully, if you so desire.

To call western governments and ISIS similar is incredibly naive and deliberately ignoring the facts.

It's ironic that you're an atheist because you have to take a huge leap of faith to believe the connections you're trying to make.

What bank funds war? Are you serious? Do you by any chance live in the US?
http[Suspicious link removed]cutive-resigns-senate
http://www.waronwant.org/past-campaigns/banking-funding-the-arms-trade
http://topdocumentaryfilms.com/all-wars-are-bankers-wars/
http://www.forbes.com/sites/afontevecchia/2012/07/16/hsbc-helped-terrorists-iran-mexican-drug-cartels-launder-money-senate-report-says/

Many big American banks funded the Nazis.

The BBC reported in 1998:

    Barclays Bank has agreed to pay $3.6m to Jews whose assets were seized from French branches of the British-based bank during World War II.

    ***

    Chase Manhattan Bank, which has acknowledged seizing about 100 accounts held by Jews in its Paris branch during World War II ….”Recently unclassified reports from the US Treasury about the activities of Chase in Paris in the 1940s indicate that the local branch worked “in close collaboration with the German authorities” in freezing Jewish assets.

The New York Daily News noted the same year:

    The relationship between Chase and the Nazis apparently was so cozy that Carlos Niedermann, the Chase branch chief in Paris, wrote his supervisor in Manhattan that the bank enjoyed “very special esteem” with top German officials and “a rapid expansion of deposits,” according to Newsweek.

    Niedermann’s letter was written in May 1942 five months after the Japanese bombed Pearl Harbor and the U.S. also went to war with Germany.

The BBC reported in 1999:

    A French government commission, investigating the seizure of Jewish bank accounts during the Second World War, says five American banks Chase Manhattan, J.P Morgan, Guaranty Trust Co. of New York, Bank of the City of New York and American Express had taken part.

    It says their Paris branches handed over to the Nazi occupiers about one-hundred such accounts.

One of Britain’s main newspapers – the Guardian – reported in 2004:

    George Bush’s grandfather [and George H.W. Bush’s father], the late US senator Prescott Bush, was a director and shareholder of companies that profited from their involvement with the financial backers of Nazi Germany.

    The Guardian has obtained confirmation from newly discovered files in the US National Archives that a firm of which Prescott Bush was a director was involved with the financial architects of Nazism.

    His business dealings … continued until his company’s assets were seized in 1942 under the Trading with the Enemy Act

    ***

    The documents reveal that the firm he worked for, Brown Brothers Harriman (BBH), acted as a US base for the German industrialist, Fritz Thyssen, who helped finance Hitler in the 1930s before falling out with him at the end of the decade. The Guardian has seen evidence that shows Bush was the director of the New York-based Union Banking Corporation (UBC) that represented Thyssen’s US interests and he continued to work for the bank after America entered the war.

    ***

    Bush was a founding member of the bank [UBC] … The bank was set up by Harriman and Bush’s father-in-law to provide a US bank for the Thyssens, Germany’s most powerful industrial family.

    ***

    By the late 1930s, Brown Brothers Harriman, which claimed to be the world’s largest private investment bank, and UBC had bought and shipped millions of dollars of gold, fuel, steel, coal and US treasury bonds to Germany, both feeding and financing Hitler’s build-up to war.

    Between 1931 and 1933 UBC bought more than $8m worth of gold, of which $3m was shipped abroad. According to documents seen by the Guardian, after UBC was set up it transferred $2m to BBH accounts and between 1924 and 1940 the assets of UBC hovered around $3m, dropping to $1m only on a few occasions.

    ***

    UBC was caught red-handed operating a American shell company for the Thyssen family eight months after America had entered the war and that this was the bank that had partly financed Hitler’s rise to power.

Seriously, I mean I would have read the rest of your comment but when your first question was which bank has funded a war I guess there is no point in carrying on. Educate yourself if you like, my point was exactly your point. just because someone wants to use bitcoin in a region dominated by CIASIS lunatics does not mean they are a terrorist. Much like I who bank with HSBC am not a Mexican drug lord!!!

All from World War II, all essentially the same instance of corruption (if it would be correct to call it that), I mean they were all aiding the same "terrorist" so to speak. Barclays, Chase, UBC. If they were directly enabling Hitler to finance his atrocities then yes, they were accomplices to his crimes...which is why they all eventually came out and admitted doing so many years later. It does not mean that some farmer in Iowa who had a loan with Chase in the 30's was also complicit in Chase's funding or decision to fund Hitler or the Nazis.

Take a minute to think about my original comment...without making broad stretches of assumption...the banks were accomplices to funding wars. This OP, if he/she were to find a way to fund ISIS through Bitcoin would be an accomplice to ISIS atrocities. You and I are NOT also accomplices just because we also use Bitcoin.

Starting to see the difference?

You and I are not saying the same thing.
2368  Bitcoin / Bitcoin Discussion / Re: Bitcoin is not a currency and this is why. on: December 29, 2014, 05:12:52 AM
Of course there's a loop. I can buy something from you, you can buy bitcoin mixing service from bitmixer and then bitmixer can pay me for advertising.
2369  Bitcoin / Bitcoin Discussion / Re: 2015 Official Year of Crypto Currency on: December 29, 2014, 05:10:14 AM
Why is there a need to replicate fiat currency by having multiple crypto currencies?

Bitcoin is the only crypto currency needed, it's universal, it's worldwide, it eliminates the need for conversions and acceptance.
2370  Other / Beginners & Help / Re: Wanted to know? on: December 29, 2014, 01:43:52 AM
https://bitcointalk.org/index.php?topic=615953.0;topicseen

If your still sorting options check out this thread for some additional information - it's not dedicated to referral campaigns but it will link you to some information
2371  Economy / Collectibles / Re: WTS: WTS: Casascius physical bitcoins (bronze, silver 1BTC) on: December 29, 2014, 01:40:38 AM
Regardless of who wins these I think you need to offer a different payment plan, unless you're sending the coins first and receiving the money order after. We'd all be foolish to send you cash (which is what a money order is) for the coins prior to receiving the coins. These types of sales usually involve an escrow of some sort.
2372  Economy / Collectibles / Re: WTS: WTS: Casascius physical bitcoins (bronze, silver 1BTC) on: December 29, 2014, 01:37:53 AM
BTC1.7 for the silver
2373  Economy / Service Discussion / Re: ButterCoin or Coinbase on: December 29, 2014, 01:28:33 AM
Coinbase is an established firm in the San Francisco (US) area, they have a presence in Silicon Valley. To me that gives them credibility.
2374  Economy / Collectibles / Re: [WTB/WTS] Casascius Holo Error / Collectible Marketplace on: December 29, 2014, 12:46:09 AM
I also agree that the valuations need to be in BTC, it's for the good of the movement and will keep things consistent for buyers and sellers all over the world.

We'll have to realize that the fiat conversion may always be a secondary factor in sales prices but that should be be determined between the buyer and the seller, not the marketplace as a whole.
2375  Economy / Collectibles / Re: [WTB/WTS] Casascius Holo Error / Collectible Marketplace on: December 29, 2014, 12:39:55 AM
How is the Spotcoins site (http://www.spotcoins.com/bitcoin/casascius) being consulted or aligned with what you've tracked? This site is really easy to use - all info on one page - and I believe it was the first comprehensive summary of Casascius coin mintage. Elianite's book is great for the deep history of Casascius coins. The Spotcoins site (created by Melbustus) is the best one-look page for all Casascius coin mintages and active vs. used counts.

Some recent sales to add to the list are:
  • 2011 BTC1 brass series 2: purchased for BTC2
  • 2013 BTC1 silver with brass trim: purchased for BTC2.18
  • 2013 BTC0.1 silver: purchased for BTC0.68

And to Nubbins, I'd be interested in the BTC0.5 silver series 3 if you're still willing to sell, PM me or acknowledge on this site and I'll hit you up.

I'm glad there are a few of us seeking a normal or generally agreed upon information on Casascius coin valuation. I completely accept that the prices will rise and/or fall with the market but we need to come closer to what the current values are at any given point so that sales can actually happen. Right now it seems like there's a gap between the asks and the offers which doesn't help the buyer or the seller.
2376  Economy / Collectibles / Re: [WTS] Ultra Rare 1BTC Silver-Gold Round /w "The Golden Heart" error! on: December 29, 2014, 12:02:36 AM
I just don't see any point in buying this coin.

Is it that you don't see the point in buying Casascius coins or you don't see the point in paying a premium to buy this coin with the heart?
2377  Economy / Collectibles / Re: will buy these casascius on: December 28, 2014, 11:52:53 PM
Sounds like people have been PM'ing you but you haven't been responding.
2378  Bitcoin / Bitcoin Discussion / Re: What's your coin count? on: December 28, 2014, 11:39:54 PM

Yes but people that are willing to invest in Bitcoin is growing so more money should arrive. Right now this money is sucked up by mining.

How does the money get sucked up by mining?

Maybe I was not clear. I meant that the miners need to pay their maintenance costs so they are selling a portion of the new BTC mined to get fiat. If less BTC were mined or if the price was higher the new money that arrives on the market would bid up the BTC price

Got it, so the fact that mining creates more supply is keeping the price down.
2379  Bitcoin / Bitcoin Discussion / Re: Warren Buffet saids: “Stay Away From Bitcoin” on: December 28, 2014, 09:59:24 PM
https://www.cryptocoinsnews.com/warren-buffet-stay-away-from-bitcoin/

The Crypto Coin News article (obviously) takes a defensive stance explaining why and how Buffet's opinion on Bitcoin can be dismissed away. The problem, however is that the Journalist, Evander Smart, doesn't do a very good job proving Buffet wrong.

Smart scoffs at Buffet's analogy that Bitcoin is like a check or money order by stating "that's like comparing an email to a telegram." I think he's implying that comparing an email to a telegram is a ridiculous idea. The problem is that it isn't, email IS like a telegram! Obviously the technology behind the telegram is the precursor to the technology behind an email. An email does everything a telegram does, although faster, more convenient, more immediate, a cheaper, which is very similar to the benefits Bitcoin provides beyond existing payment methods.

Smart claims that quantitative easing economic practices and zero percent interest rates are mirages, but they aren't. They exist, they were created by humans just as setting a price on goods and services was set by humans. Just like VIRTUAL currency was created by humans. QE and zero percent interest rates exist to stimulate the economy...they may work, they may not, but either way they aren't a mirage. (The fact that they aren't a mirage is what makes Bitcoin so attractive as alternative currency.) And to be completely honest, if we all lose electricity none of this becomes relevant...without electricity and the network that supports the general ledger the idea of Bitcoin disappears like a haze mirage on the desert in the distance.

I will agree with Smart on one point, Buffet doesn't understand the technology used to create Bitcoin. I agree with that (although I have no more knowledge about it than Smart does...which is zero because Smart has never talked to Buffet to confirm his lack of knowledge.) Buffet's lack of understanding on how Bitcoins are created isn't very relevant to making an investment decision. No one buys, uses, or holds Bitcoin because of the technology used to create it. They buy, use, or hold Bitcoin because of the benefits it provides. Those benefits are easy to quantify and therefore easy to build a "buy or sell or stay away" opinion on.

The most promising thing is that Buffet is making a call on it...just like at one point he made a call on IBM saying it wasn't a worthy investment. It legitimizes Bitcoin, which is what everyone here is hoping for.

The one thing that most of us can agree on is that no one knows which way the price is going to go and no one knows (with certainty) what the finite amount of Bitcoins and the upcoming mining halving rates will have on supply and demand. But you can be certain that supply and demand is not a mirage and will drive the price...into the ground or to the moon.
2380  Bitcoin / Bitcoin Discussion / Re: Warren Buffet saids: “Stay Away From Bitcoin” on: December 28, 2014, 07:08:26 PM
Warren Buffet is an oldschool master. (master of the masters actually)

“Stay away from it. It’s a mirage, basically. … It’s a method of transmitting money. It’s a very effective way of transmitting money, and you can do it anonymously and all that. A check is a way of transmitting money, too. Are checks worth a whole lot of money just because they can transmit money? Are money orders? You can transmit money by money orders. People do it. I hope Bitcoin becomes a better way of doing it, but you can replicate it a bunch of different ways, and it will be. The idea that it has some huge intrinsic value is just a joke in my view.”

This answer is so god damn stupid. The ways he mentioned, non of them provides the anonymosity and more importantly they are not free. He is right about one thing though, btc is only good for transferring money for now. Volatility is killing this things true potential.


His answer isn't "so god damn stupid" it's actually pretty logical, sensible, and smart. The only element he doesn't explain way is the finite amount of Bitcoins that will exist. If there were only checks or money orders or debit cards available in the world, let's say 21 million, would there be a premium to use them as a form of payment?
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