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24441  Economy / Micro Earnings / Re: Bitcoin Faucet where you can get upto 1 BTC every hour **NEW PROMO** on: November 07, 2013, 10:01:03 AM
This is the quote as to what happened.

"Two hacks totalling about 4100 BTC have left Inputs.io unable to pay all user balances. The attacker compromised the hosting account through compromising email accounts (some very old, and without phone numbers attached, so it was easy to reset). The attacker was able to bypass 2FA due to a flaw on the server host side."

Sorry to go off topic but I guess a lot of people here may have been using inputs.io and others are using other online wallets. Be safe look after your own coin.

Thanks for the info. In fact I didn't like Inputs.io from the first glance (so many faucets requiring an account there instead of a plain good old BTC address). Paranoid in me says the hack is bogus and they just ran away with the money
24442  Economy / Micro Earnings / Re: Bitcoin Faucet where you can get upto 1 BTC every hour **NEW PROMO** on: November 07, 2013, 09:40:57 AM
I used an inputs.io BTC address and now that's gone I won't be able to get my payment. Is it possible you could add the ability to change payout address?

I don't know what's happened there (I use Coinbase), but I think it's time to transfer funds to my own wallet
24443  Economy / Economics / Re: [CHART] Bitcoin Inflation vs. Time on: November 07, 2013, 09:32:44 AM
Moderate long-term deflation or a very slow turn from inflation into deflation would be a different and much less dangerous animal. That may be the future of bitcoin, if it has any.

Yes, deflation could be less dangerous when it is compensated by other factors and producers are able to keep their profit margins wide enough to continue production (that's what ultimately matters), but could this situation be called deflation? Any real world examples when deflation was good for the economy? Japan had been for almost 2 decades in a deflationary spiral (it started in late 80's - early 90's when asset price bubbles popped) but honestly I can't say it was any good for their economy. Probably it would collapse but for the exports (Japan being an open economy)
24444  Economy / Economics / Re: Bitcoin is a Bug Fix to the Fiat System on: November 07, 2013, 05:37:25 AM
Consider a scenario in which everybody receives a proportionally equal amount of an inflating money supply. What should be fairly obvious is that this doesn't matter, since you could achieve the same thing by just representing money first in Bitcoins, then in mBTC, then in satoshis, etc...

I didn't understand what you had meant to say by this snippet (haven't yet read further). What do you mean by "What should be fairly obvious is that this doesn't matter" - what doesn't matter and why should we consider this scenario if you say it (?) doesn't matter? What same thing could we achieve? I don't get your point

Please explain, then we proceed
24445  Economy / Economics / Re: Subway near Moscow offers 10% off if you pay with Bitcoin on: November 07, 2013, 05:02:46 AM
Wherever you live, you lack reading comprehension, even in your own language, because I think a chain of restaurants knows where their own franchises are.

I don't really care, calm dowm
24446  Local / Политика / Re: АНБ и скандал с визой для артиста on: November 07, 2013, 04:38:14 AM
Ну пусть подаёт в суд на АНБ за клевету  Roll Eyes
24447  Economy / Economics / Re: Subway near Moscow offers 10% off if you pay with Bitcoin on: November 07, 2013, 04:26:37 AM
There is no subway near Moscow, lol

You sure of that?

http://www.subway.ru/restaurants/central/moscow/

ETA: In case you can't read the Cyrillic alphabet - Москва is Cyrillic for Moskva, which is the Russian name for Moscow.

I'm russian and live there (surprise!), there is no subway NEAR Moscow, double lol. I think it's fake
24448  Local / Новости / Re: Известный экономист: государства попыта&# on: November 07, 2013, 04:18:04 AM
У вас у большинства тут какое-то извращенное русское представление, что государство - это враг. Это не так, государство - это и есть общество

Ага, сейчас, только червячков накопаем...

24449  Economy / Economics / Re: [CHART] Bitcoin Inflation vs. Time on: November 07, 2013, 04:08:16 AM
This is not true, imo.

If I need something there will be always someone producing it. If the producer is worried about deflation (if any, that is to see) he/she will simply increase the price for the work ("transformation of raw material") he/she is making.
This process pushes prices up and counterbalances deflation leading in the end to stable  prizes (everything else being constant).

Best regards,
ilpirata79

Under deflation prices are falling - by definition. What you say ("he/she will simply increase the price for the work he/she is making") breaks this definition, that's all. It does not matter if you need something, what actually matters is the price you are ready to pay for what you need as an "aggregate" consumer (not you personally). Again, under deflation you are not ready to pay the price the producer initially asks which forces the prices down (and leads to all ensuing devastating effects on the economy) - all strictly by definition
24450  Economy / Economics / Re: Bitcoin is a Bug Fix to the Fiat System on: November 07, 2013, 03:58:49 AM
Tell me, what exactly is bad about an "inelastic" currency?

An "inelastic" currency just means one outside of the control of government agencies, i.e, in the control of the free market. Its ridiculous to think that by pumping more currency into existence you're enriching people. That's just dumb. If you want "more" money, represent your money in terms of Satoshis rather than Bitcoins.

In short, deflating currency ("represent your money in terms of Satoshis rather than Bitcoins") would be hindrance to a growing economy. There will be no incentive for producers to expand production (or even keep it at the same level) since there is a time lag between production (including all steps up to an end-product) and actual disposal of goods through stores - you would buy high and sell low

Expanded production makes people richer and comes first, money as such is only a utility, it's secondary to production
24451  Local / Политика / Re: АНБ и скандал с визой для артиста on: November 07, 2013, 03:33:00 AM
А зачем им подставляться?   Это же и ущерб от иска(а суммы в таких случаях с известными людьми не малые),
и имидж США портят сильно - они вроде как косят под правовое государство, да еще и демократическое...

Он же счас тупо вкатит им иск, в их-же американский суд - и это хорошо что американский,
потому как там на таких исках можно просто заработать, причем раз в 100 больше чем в европе, все-ж это США...

Какие иски, вы о чём? Любое государство само решает, кому разрешать въезд, а кому отказать во въезде - и без каких-либо объяснений причин отказа
24452  Economy / Economics / Re: Coinbase Vs Mt.Gox on: November 06, 2013, 08:10:56 PM
Maybe coinbase have withdrawal problem. Tongue

Yeah, especially for those not living (having a bank account) in USA... Dunno about Mt.Gox
24453  Economy / Economics / Re: Bitcoin is a Bug Fix to the Fiat System on: November 06, 2013, 06:58:54 PM
It has occurred to me that anyone could build an inflationary alt-coin on top of the bitcoin protocol. Let's call it GrowCoin. All we would have to program is an user interface that shows GrowCoin as a multiple (let's call the variable xmultiple) of Bitcoin. The variable xmultiple could be programmed to increase by 1% every month. When you make a purchase using GrowCoin, the interface would just divide by xmultiple to get amount in bitcoin and send them to the new address. Your GrowCoins would increase by 1% every month.

Congratulations! You are trying to "invent" money multiplicator

This little mental exercise shows the whole silliness of the idea that we need an inflationary economy. The reason that governments love inflation is that they (and their friends) get the money first. They also get to pay back debts with cheaper money.

It's called seigniorage
24454  Local / Политика / Re: АНБ и скандал с визой для артиста on: November 06, 2013, 06:41:50 PM
Ok, пусть даже трижды мафиозник.

Но какой смысл не давать визу-то?..

А зачем им человек, пойманный на связях с криминалом, нужен?

(обычно наоборот заманивают чтобы судить у себя)

Только если было нарушение местных (штатовских) законов
24455  Local / Новости / Re: Известный экономист: государства попыта&# on: November 06, 2013, 06:28:08 PM
Самая серьёзная проблема биткоина, на мой взгляд, в самом биткоине - для того, чтобы стать мэйнстримом его эмиссия должна соответствовать экономике. Для кредитных денег этот механизм реализуется автоматически через банковский мультипликатор

А до тех пор никто особо и суетиться не будет
24456  Local / Политика / Re: АНБ и скандал с визой для артиста on: November 06, 2013, 06:06:55 PM
Штаты в лице своих спецслужб могут контролировать движение долларов по всему миру, соответственно, отследить долларовые транзакции для них не проблема (даже если деньги перекидываются с одного счёта в Сбере на другой) - поэтому здесь может быть как раз вполне "пойман". Хотя я думаю, что всей правды мы всё равно не узнаем
24457  Other / Archival / Re: Russian translation for Hive wallet? on: November 06, 2013, 05:55:53 PM
Payment?
24458  Local / Политика / Re: АНБ и скандал с визой для артиста on: November 06, 2013, 05:49:49 PM
Ну Кобзон вроде тоже невъездной... Может и в данном случае причины аналогичные - кто его знает, чем он там ещё занимается?
24459  Economy / Micro Earnings / Re: Bitcoin Faucet where you can get upto 1 BTC every hour **NEW PROMO** on: November 06, 2013, 05:03:57 PM
Is there any way to recover your password? I forgot mine and I didn't put an email address, my btc address is 1667mr3pzGzAu8bH6YBDiXDGv24oFksgvF

I had my password reset (also forgot it) but my e-mail was in place. I think you just need to prove that this address is yours (something like paypal does with bank accounts)
24460  Economy / Economics / Re: Subway near Moscow offers 10% off if you pay with Bitcoin on: November 06, 2013, 04:40:22 PM
There is no subway near Moscow, lol
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