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25761  Bitcoin / Bitcoin Discussion / Re: The boring flat days of bitcoin! How do you feel? on: June 22, 2014, 08:59:00 PM
These days are not boring or flat at all... if anyone makes a bet the price will be what it is in 3 weeks time they'd be crazy. BTC price behaviour acts irrationally all the time imo lol..

time is just an illusion.. whenever a microsoft installer tells you 20 minutes to go, its always 30minutes. whenever a fibre optic download says 30 minutes it's usually 3.

and when bitcoin trading is slow, its because there is only 10% price change, not 5000%, some people think a 10% change in a week ($590-$650) is slow, some people think it is fast.

i personally think its slow as i have lived through the litecoin jumps of 2c-$20, lived through the bitcoin jumps of $6-$20, $20-70, $70-$220, $220-$1200.
so these last few months of $430-$460, medium movement up to $650 and slow again back in the late 500's

unless i see more then a 40% jump, its a slowday
25762  Bitcoin / Bitcoin Discussion / Re: I'm trying to raise money/Indiegogo support for a bitcoin comedy feature film on: June 22, 2014, 05:51:14 PM
You want finance?

Set up a business and go to kickstarter.com

he doesnt want to set up a business.. he wants to record a video...

totally different industry..
25763  Bitcoin / Bitcoin Discussion / Re: The boring flat days of bitcoin! How do you feel? on: June 22, 2014, 05:47:37 PM
each person is different

1. some begin concentrating on our shelved bitcoin businesses/idea's as the day trading slows down

2. others ride a spreads of a few altcoins for their standard 1%-5% daily profits (only the small holders)

3. some go back to their weed smoking forums

4. and the rest spend more time waffling on this forum

im 1+4 and a little bit of 2.. just for fun (playing with pennies to keep the trading skills alive until im ready to put the hoard back into bitcoin exchanges)
25764  Bitcoin / Bitcoin Discussion / Re: What if Samsung or Toshiba were to make ASIC chips? on: June 22, 2014, 04:33:15 PM
I wonder what would happen if a company came along that could offer really cheap miners that most could afford? It would be sweet if regular people could get into the mining game again.

bitcoin mining companies only sell the miners because they can make more money shipping them out, rather then running them for 6 months (alot of electricity bills)

it mining was long term profitable, they'd mine them themselves.. now you know why BFL dont instantly deliver.

its why excavator companies dont dig for gold, as they make more money just selling the excavators then deploying teams to go out for months digging into the ground. knowing in a few months the miners will need better equipment.

miners will forever shoot themselves in the foot, forever upgrading their rigs, if it was made cheaper, miners would just buy more of them, all trying to get that little extra, and all just causing it to get harder for themselves.

the whol make it cheap wont ever work.

if a 1Thash became 10% the price, people will just buy 10 of them instead of 1.. the slice of the pie wont change.. it will just take longer for the pie to cook (ROI)
25765  Bitcoin / Bitcoin Discussion / Re: What if Samsung or Toshiba were to make ASIC chips? on: June 22, 2014, 04:22:38 PM
...

Before I looked into Bitcoin, I had never heard of BitFury and KnC and similar.

Which leads me to wonder what would happen to mining hardware should a Samsung or Toshiba entered the busines of making these special chips.

Samsung Electronics is Korea's largest company.  I have seen "Koreans in Action" (at their ball bearing plants, very impressive).  Do not discount S. Korea as a potential major player in the world!  Koreans are smart, tough and work hard.

Toshiba of Japan is also good at making mass quantities of good chips.

Perhaps even Intel or Qualcomm?

Would a major chipmaker like any of the above have a significant influence on BTC?


imagine AMD you mean..
25766  Bitcoin / Bitcoin Discussion / Re: Very Early Adopters on: June 22, 2014, 02:53:28 PM
True, but it'll probably see an explosive growth again at some point I reckon so a lot of people will surely miss out to make some money on it again.

yep, for instance when the winklevoss thing opens. the middlemen will be buying blocks of 10k coins = price rise

then as they divvy out "winkle shares" to the main FIAT investment companies. those companies will themselves start to buy their own coins aswell as having the winkle share holdings.

so there will be a big spike.

investments and using bitcoins as a reserve currency will expand bitcoin faster than most of these armchair activists in the community trying to get their local grocery store and 5 of their friends to accept bitcoin
25767  Bitcoin / Bitcoin Discussion / Re: Very Early Adopters on: June 22, 2014, 02:24:14 PM
I wonder when the cut off point for being early adopters is and how long that stage will last. Would be cool if every year that goes by there's a new wave of early adopters

well with less then 0.02% of world population using bitcoin, id say along time to go
25768  Bitcoin / Bitcoin Discussion / Re: Very Early Adopters on: June 22, 2014, 02:12:40 PM
Sorry do disapoint you but this is bullshit, how could bitcoin be much bigger if almost everybody that has computer and internet is registered on facebook?
Just nonsense...

because most users only have 1 facebook account. but people can buy more then 1bit

facebook market cap is $163bilion. lets say that equate to $100 per user. (1.6bil users)

bitcoin "could" exceed $100 a bit.. maybe
25769  Bitcoin / Bitcoin Discussion / Re: Help me add my Bitcoin related activities on my resume/CV on: June 22, 2014, 01:49:59 PM
So I am updating my Resume/CV and would need some help on what is the best way to add my mining, trading and ASIC reselling activities on my CV, so that it looks great to any potential future employer. Do you think that is a good idea?

I want to add it under Employment history, but can't think of a way to add all 3 activities under one section.
Also how best to describe it with words, so that it sounds really appealing.
Someone came with the "Cryptographic Systems Administrator" in another topic for Bitcoin Mining which sounds great, but maybe too pompous?

Shall I put Bitcoin Miner, Bitcoin Trader and Bitcoin ASIC Reseller under one section with a common title or maybe create 3 as it is easier to describe each activity better.

Any views are much appreciated. Thanks.

year 20XX-ongoing - self employed
asset manager hoarding coins
international currency trader trading coins
product supplier/reseller asic reselling

skills
leadership
social/professional networking*
business management
creating business partnership/relations*
stock control and sourcing
finance and budgets


* same thing worded differently
25770  Bitcoin / Bitcoin Discussion / Re: Is it possible Satoshi Nakamoto is an acroymn or neumonic? on: June 22, 2014, 01:46:29 PM
You can find more about satoshi here

http://www.reddit.com/r/satoshistories

its like the bible

written years after the fact, by people not involved in the fact, pretending to be fact.

in short, bed time stories for kids to believe and treat as gospel
25771  Bitcoin / Bitcoin Discussion / Re: The Bitcoin Dollar on: June 22, 2014, 01:19:54 PM
so many names for the same amount of bitcoins.

i really hope a consensus can be reached, as long as it's not bit. (and bitcoin dollar is a pretty terrible name as well)

and bitcoins is 8 letters long (think decimals of a bitcoin)

bit is 3 letters long
00000100

(pre-empting a rebuttle)

better then zib.. zib has no relation to bitcoin and sounds foreign
bit is atleast part of a bitcoin.. literally and financially.

let me guess you want 100sat to be called a bitcoin. so you can shout to the world you finally have 10 bitcoins.. while the world laughs back at you and say you only have a dollar in reality. thats like calling a ounce gold coin, a tonne of gold.

all of these discussions and more can b read over 100 different threads as of autumn 2013.. its now boring, th majority that bothered to vote prefer bit, and many service providers are already rolling with it..

...moving on with our lives
25772  Bitcoin / Bitcoin Discussion / Re: Is it possible Satoshi Nakamoto is an acroymn or neumonic? on: June 22, 2014, 01:08:10 PM
though i hate these 100's of satoshi threads, lets play along

Supporting
Armchair
Terrorists
On
Social
Housing
Income

Needing
A
Kickstart
Amount of
Money to
Outwhit
Tax
Offices


Looks like this is going to go way off topic lol. Might be beszt starting a thread in off topic for this.

well after the 1000th thread of mis-information from noobs that think they know everything satoshi related......... they are all off topic...
we dont need more, thus de-railing these repeated and boring topics is done for fun and to make people not turn it into a 20 page discussion
25773  Bitcoin / Bitcoin Discussion / Re: Is it possible Satoshi Nakamoto is an acroymn or neumonic? on: June 22, 2014, 01:05:03 PM
Sadly
Another
Topic
Observing
Satoshi
History
inconsistencies
25774  Bitcoin / Bitcoin Discussion / Re: This is why Ghash sucks and is worse than you think. on: June 22, 2014, 12:37:03 PM
Is there any evidence for GHash double spending the coins so far? Only a few days ago they issued a press release, denying any plans to do so. As the biggest mining pool, GHash has done a lot to the Bitcoin sector. People need to remember that before indulging in death threats and name calling.

+1
i have personally never done any death threating, as i think that GHASH has too much common sense to shoot thmselves in the foot. the point that still has to be made is that there is no protocol code to make bitcoin a truly trust less network.. right now people have to trust that GHASH wont be dumb
25775  Bitcoin / Bitcoin Discussion / Re: This is why Ghash sucks and is worse than you think. on: June 22, 2014, 12:31:17 PM
I disagree. I think people are making a problem where there isnt one.

thats because you "trust" ghash wont abuse the power they now have.

but bitcoin is meant to be trustless, where no one has such amount of power.

if only there was code that no mining collective can go beyond 40%, it would be a trustless network again
25776  Bitcoin / Bitcoin Discussion / Re: Is it possible Satoshi Nakamoto is an acroymn or neumonic? on: June 22, 2014, 12:27:41 PM
though i hate these 100's of satoshi threads, lets play along

Supporting
Armchair
Terrorists
On
Social
Housing
Income

Needing
A
Kickstart
Amount of
Money to
Outwhit
Tax
Offices
25777  Other / Off-topic / Re: So you with the IP address of 77.95.231.11 on: June 22, 2014, 11:20:19 AM
if someone is trying to hack more then one exchange, using your username then please think about this.

random attacks normally try one site and do it with multiple users (exchanges would see a form off login DDOS type thing). yet from what i can see this is an attempt of someone trying all known sites you use using your username..

.. i suspect this to be someone targetting you specifically.

thn ask yourself how does he know your username and al the sites you use?

.. i bet its either
someone you know/been chatting to
someone who has put a trojan on your computer via a altcoin wallet or other crypto based software that you haven't verified the source of.

so when did this start happening and within that day to a week prior what software that is at all related to crypto-currencies or given links to by someone in the community to download something.

lastly what services have you signed up for in the week prior to the attack.

there are rumours of websites which have "coming soon" with a registration page (hoping people type in usernames and passwords they use on exchanges)

have you signed up to any of these "coming soon" sites

if you use the same username on all trading sites, then its hard to narrow down if its bing hacked by trojan, known acquaintance, info gleamed from a "coming soon" website.

but if usernames differ and attack happened using different usernames then its more likely a trojan. if you have different usernames but attacks only happen on sites of a single username then its either from a phishing site or social engineering attempt
25778  Economy / Services / Re: Bitcoin Job Opportunity on: June 22, 2014, 10:37:49 AM
you failed before you started.

1. you want to door knock random people houses about an investment proposal and get people to buy bitcoins via your reference.
most people will think your advertising some kind of 'boiler room' investment scam and call the cops

2. the average commission per investment would not be enough to cover the costs of explanation and time put in
as bryant.coleman explained so i wont repeat it

3. you want to knock on doors, yet your here shouting out to the community, instead of knocking on exchanges doors.
try emailing them

4. as a broke student, can you afford a nice suit?
no sane person invests from someone that looks like a broke student

as for a 10% fee lol try 0.01% fee. after all exchanges only make 1% themselves.

your better off finding an exchange you can connect your bank to, then sell you coins you do have as a localbitcoins seller. with a 2%-5% margin, then instantly buy your coins back (obviously 2%-5% more) and rinse and repeat a few times
25779  Bitcoin / Bitcoin Discussion / Re: Is it possible Satoshi Nakamoto is an acroymn or neumonic? on: June 22, 2014, 10:03:08 AM
how about his name being a description of his work?

Signing
A
Transaction
Of
SHA256
Hashed
Information

or his favorite consumer goods

Samsung Toshiba

more and more theories have already been thought out on maybe 100 threads already,
25780  Bitcoin / Bitcoin Discussion / Re: Can we change the mining protocol ? on: June 22, 2014, 03:15:32 AM
POS only works on altcoins that have been fairly pre-distributed.

otherwise the rich get richer and those with nothing continue to get nothing.

if bitcoin was to move over to POS then only bitcoin theives (karpales) and holders of exchange cold stores would get the coins. leaving average people with dust amounts.

POW is the best way, just like gold mining. if you can afford to buy the equipment you deserve the rewards
those that cant afford asic farms, just a few asics can atleast get more dust per block, than what POS would ever offer them.

POS is for hoarders who dont want to do any work or pay their electricity bills... pure lazy and greed


..moving on

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