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2481  Bitcoin / Bitcoin Discussion / Re: BTC is better than Apple Pay? on: October 20, 2014, 11:35:31 AM
First of all I believe we are comparing against 2 different things. With apple pay i can only use it at stores that accept the payment system. With bitcoin I can virtually transfer to anyone. Btc itself is a currency but apple pay is just a payment system
2482  Economy / Services / Re: PRCDice.eu - Signature campaign + Affiliate Program on: October 19, 2014, 02:15:26 PM
Hi Dean,

Thanks for the payment. Glad to know that I'm still in the campaign. If you need help to manage the campaign, do let me know. Thanks again. Cheers and have a nice weekend.
2483  Bitcoin / Bitcoin Discussion / Re: Bitcoin...was created for? on: October 18, 2014, 03:58:16 PM
What you say has a point but it is not 100pct true.
Fiat even though is not fully backed by gold but it is at least determined by the strength of the economy, military to certain extent, availability of natural resources etc...of the issuing country based on iou trust

Bitcoin although is not backed by anything but it gets its value based on acceptance. .. the acceptance by the community who believes in its protocol and decentralization concept..
Based on these factors it creates demand... and the demand assigns it a value, something which the other party will agree on in exchange for products, services, etc and that's how it goes
2484  Bitcoin / Bitcoin Discussion / Re: Which percentage of your BTC... on: October 18, 2014, 10:11:58 AM
First thing first i would like to find out how the hacker managed to find out about my wallet getting compromised?Huh
Doesn't this sound odd to you?
Probably in this situation it will be nil but i would split 50-50 if the guy managed to help recover the stolen fund
2485  Bitcoin / Bitcoin Discussion / Re: Just what is a FAIR fee to send a Bitcoin transaction? on: October 18, 2014, 08:13:01 AM
Past transactions that i have done usually cost 0.1mbtc which is the standard fee in btc and if convert to dollar it is about 5 cents. For me that is considered fair fee. Couldn't be much happier  Smiley
2486  Bitcoin / Bitcoin Discussion / Re: Has anyone coined this term yet: Bitcoin Squatter on: October 18, 2014, 04:36:47 AM
Define how it would apply to Bitcoin.

Buying bitcoins to sell to someone at a later date for a higher price due to artificially drying up the supply (isn't that squatting)

Cybersquatting

the practice of registering names, especially well-known company or brand names, as Internet domains, in the hope of reselling them at a profit.

Not sure if i would call that bitcoin squatter but i would rather refer to them as bitcoin trader
Also i don't see a link between both
2487  Bitcoin / Bitcoin Discussion / Re: Which wallet is better, onchain or offchain? on: October 17, 2014, 12:43:37 PM
The answer here is pretty obvious in terms of security. It has to offline, not connected to the network so that nobody can hack to attempt to steal it. When it comes to convenience, it all depends on how to allocate your fund. So it's pretty very much on what you want in the first place and which criteria you use to select your perfect wallet
2488  Bitcoin / Bitcoin Discussion / Re: Found one of satoshi nakamotos bitcoin addresses. on: October 17, 2014, 12:34:14 PM

Wow. It's strange how he never spent any of his coins :/ If it was me I would have been giving them away to new comers in the first couple of months to get more people on board..

Back then people could give you thousands of bitcoins for fun. I guess satoshi was a little busy to do giveaways...
Newcomers didn't need giveaways, anyway, just a CPU. Core (before it was Core) used to have a "generate BTC" option. Nobody was really thinking about setting up mining farms to take the ~7200BTC/day (worth ~$0.0000).
If I know about Bitcoin at that time,I will mine it all day and night,unfortunately i missed it.

If only i knew as well. Been daydreaming a lot about the 'what if' scenario. Oh. Never mind....Just live with the reality. Grin
Also it's a waste if these coins were not put to good use
2489  Bitcoin / Bitcoin Discussion / Re: Bitcoins are not tokens on: October 17, 2014, 12:04:12 PM
Well i wouldn't care so much on what you decide to call it... in fact anything you want as long as i can spend it like real money, that is good for me Grin but i prefer to have it call coin than token to reflect it as some sort of currency. Token is somehow related to being or having issued by someone.... but no. I prefer coins
2490  Bitcoin / Bitcoin Discussion / Re: Post Bitcoin mining. on: October 17, 2014, 11:57:30 AM
Seriously this question has been asked a thousand times. Each individual might have a different theory on what we might see or expecting but the time period is too long to predict. I doubt any of us here joining today's discussion will ever live to find out. From the year it was established, we have seen so many changes. I'm not sure if anybody saw it could went up from few cents to 1k and that was probably like 5 years. So can't say much on what to expect in 2140 which is like 126 years from now
2491  Economy / Speculation / Re: November Rush? on: October 17, 2014, 11:43:51 AM
Same old same old where people are predicting a sudden rise similar like what happened or a repeat from last year. However i don't think that is going to happen. Hash rate is still on the rise but the price increase is not proportional to the percent change in the hash rate. That leads to my theory that there are a lot of miner dumping the coin but the rate of dumping is being countered by the strong buying demand. That is why we see the rise. If the buying demand fizzles out we should expect the drop once again but fingers crossed... hopefully that is not going to happen. So you see the scenario is so much different from last year when demand mainly from the silkroad drives the surge coupled with some panic buying from investors
2492  Bitcoin / Bitcoin Discussion / Re: First church to accept bitcoins on: October 17, 2014, 11:34:19 AM
Hey don't look it as an attempts to promote bitcoin. That way, it sounds very negative. Instead look at it as a way to provide alternative payment option which donors are comfortable with using and at their convenience. I don't understand why we need  to create an issue out of everything
2493  Bitcoin / Bitcoin Discussion / Re: Bitcoin War on: October 16, 2014, 02:49:49 PM
No. If you can't plunder a land to rip its resources, then why start a war. Technically you can still rob another guy by forcing the person to give up the password though. How ironic that the subject of debate on another thread is also talking about bitcoin being the root cause of evil  Grin
2494  Bitcoin / Bitcoin Discussion / Re: Banking Elite Meet in Washington To Discuss Bitcoin Threat on: October 16, 2014, 01:43:00 PM
Banking Elite Meet in Washington To Discuss Bitcoin Threat
https://www.cryptocoinsnews.com/banking-elite-meet-washington-discuss-bitcoin-threat/

Couldn't the elite bankers simply buy the entire network and take over bitcoin?  Aren't they so wealthy that they own the whole world? 

Of course they are. But they need to first decide how much hash will each banker pay. This negotiation might take months or even years.
But on tte other hand also Bill Gates got fascinated by Bitcoin, so he might have plans of his own that will cross with bankers plans.

If that does happen, I'm just trying to imagine how that will impact people like us holding onto bitcoin  Grin
Since bill gates did put forward some positive comments, hopefully he will place some buy order. Or maybe send out some endorsement note would do. Or how about windows OS that comes preinstalled with bitcoin qt  Grin
2495  Economy / Speculation / Re: The Price is crashing people!! get out while you can!! on: October 16, 2014, 01:36:15 PM
I wonder what that guy might be thinking of right now. Holding onto 50k would have made him or her a multimillionaire by now. It's amazing how fast things can move and change and that is only probably like 3 years only.
2496  Bitcoin / Bitcoin Discussion / Re: How many decimals -> to surpass 20,999,999.99999999 on: October 16, 2014, 12:15:42 PM
Can the system intepret and round up mathematically that the smallest number which is 0.00000001 if divided by 2 will become zero. So here it can never reach the full 21mil. Ok most probably I'm wrong here. Can somebody provide a more accurate answer and explanation. Getting myself confused Huh Huh
2497  Economy / Service Discussion / Re: About smart phone wallets.. on: October 16, 2014, 12:04:10 PM
I only keep small amount of btc in mycelium. Most of the stash is in an offline storage. Cause i don't have confidence in android os security. Everytime when i reach website, there's bound to be pop ups that says 'phone got virus,' kind of stuff that is enough to freak me out.
2498  Bitcoin / Bitcoin Discussion / Re: Interesting ways to store your private keys for offline wallets on: October 16, 2014, 11:59:08 AM
If i write a random combination of numbers and separate them into several pieces would the guy that finds out know that it is the bitcoin private key. Probably he might think that it is for some online banking password. But just to keep it safe. I even write down several parts of the code and keep it at my other in law house in case something happens to mine  Grin
2499  Bitcoin / Bitcoin Discussion / Re: Miners did lower hashrate when 1 Bitcoin < $300 on: October 16, 2014, 11:52:47 AM
Did i interpret wrongly or am i seeing other things which you guys see differently? While the green line dips the red line which supposed to represent the hash rate is still moving upwards. It shows that it is still profitable to continue mining in certain parts of the world where cost of electricity, hardware are cheap
2500  Economy / Micro Earnings / Re: How much bitcoins can you collect from faucets per day? on: October 16, 2014, 11:28:23 AM
Don't forget what you earn from faucets when later you are going to spend you will have to fork out exorbitant fees because of the dust payment. I still remember my first experience earning from faucets is that for 1mbtc i ended up having to pay 0.3mbtc from the standard that normally cost 0.1btc. My point is no matter what is your earning per week, the net amount after deducting the fee means nothing much left after that
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