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2721  Economy / Economics / Re: USD/EUR dead cat bounce? on: July 07, 2015, 04:51:17 PM
When the Euro reaches a value of 0 then one can determine if it was a dead cat bounce. it must lose all value or be de-listed on the markets. However the term is a stock term and does not really apply to the currency market.

The closest example I could find in a currency is the German mark of the 1920's. There was a little bounce in late 1923, then it fell off the map. See the data below (although the bounce is hard to see in the data the way it's displayed.

2722  Economy / Speculation / Re: Bitcoin to $50k before Xmas on: July 07, 2015, 04:23:56 PM
I see absolutely no evidence of this being possible.  Undecided
2723  Other / Politics & Society / Re: USA attack to RUSSIA soon. on: July 07, 2015, 01:05:47 PM
I heard from rt that USA is going to attack RUSSIA soon. ...

Hahaha RT? hahaha  Cheesy
2724  Bitcoin / Bitcoin Technical Support / Re: New to this. Paid tx fee, zero confirmations after several hours. Help? on: July 06, 2015, 08:17:06 PM
Could this be related to the orphan block incident this weekend?

https://bitcointalk.org/index.php?topic=1108304.0
2725  Economy / Service Discussion / Re: Games That accept Bitcoin on: July 06, 2015, 07:59:04 PM
What about this one? I think it is a type of gambling playground with all sorts of games. Seems kinda cool.

http://www.dragons.tl/
2726  Other / Politics & Society / Re: ISIS is threatening Hamas in Gaza on: July 06, 2015, 05:24:11 PM
It is scary. If daesh gets into Gaza we have huge problems. The Gaza strip is one of the most populated places on Earth. It will be very difficult to come up with a target list that does not risk killing large numbers of civilians. It will be up to Hamas to fight them street by street. However, without advanced weapons it will be very dangerous work.  Control of this area would also give daesh the ability to link up with other chapters in the Sinai and profit from the smuggling that goes on there. 
2727  Economy / Speculation / Re: Amazon is going to accept bitcoin in the near future on: July 06, 2015, 05:14:05 PM
It's the credit card companies who pick up the bill for data breaches. It does suck but I don't think people can be bothered to think it through enough for it to be a problem for them.

I seriously doubt Amazon pays that percentage on cards. The EU is proposing a 0.2% cap on card charges. The US does seem to be in the stone age when it comes to financial stuff so maybe they do pay more.

Irreversibility and instant funding are definitely huge boons for retailers. Still gotta figure out how to make it appeal for their customers. I don't think margins are big enough to offer the sexiest discounts.
I bet your right that Amazon is so huge that they have negotiated a better rate. But it can't be much better because they do have to pay for data breaches, not directly, but any business model requires someone else to pay other than the CC issuer. After all, this is not a public service so the issuer must pass on the insurance loss to the customer (in this case Amazon). The standard fee charged by MasterCard/Visa is 3%. I think businesses in America would love to only pay 0.2%, That is the lowest I have heard. Perhaps it is because we still use the extremely unsafe "magnetic stripe" cards?
2728  Economy / Speculation / Re: Amazon is going to accept bitcoin in the near future on: July 06, 2015, 04:49:01 PM
I don't think this will happen in the future. Bitcoin is clearly irreversible. It can show the data of the receiver or sender yes and it can't be anonymous but these kind of sites just don't deal with payment processors that both the buyers and sellers and THEM wont benefit.

Well... The fact that bitcoin is irreversible is one of the strongest advantages for Amazon. It eliminates the risk of fraud and allows them to ship with absolute confidence. With a credit card purchase the item is often shipped before the bank can confirm the credit account. That takes 2-30 days and by then the thief is long gone.
As far s not being anonymous, well... that is not quite correct. If you know what your doing you can use bitcoin in an anonymous way. But that does not matter to the receiver because they could care less who you are. What matters is that you paid. In fact who cares if it was you that paid, as long as payment was received.

So what are the benefits? For me (the customer) the best benefit is privacy. Each time you use your credit card online you expose everything needed to steal more of your money. And you give this information to the business, the payment processor, and anyone else who is observing the transaction, hacking the server,... who knows? I don't use anything except bitcoin anymore online. In brick-n-mortar stores I still have to use the CC, and in the last year alone I have been issued new cards three times due to breaches.  

For the business the greatest advantage is money. They lose 3% on each transaction with a credit card. If they use a bitcoin payment processor they have to give up between 0%-1%.  They also like getting out of the liability of holding peoples CC information and the low risk of accepting what is essentially a cash transaction.  All these advantages and the extremely low bar to entry make me think they will have to accept BTC at some point. They have already lost my business and won't get it back until they take bitcoin.

2729  Bitcoin / Bitcoin Discussion / Re: 15kDcr9wDhZmvPufKP7vYyELSoLg4bKbAR <- Has paid well over 250BTC in fees?! on: July 06, 2015, 02:53:08 PM
Weird. At first I wondered if they mixed up the fee and transferred amount, but it does not look like that.  Huh

Is there a reason a mine pool might do this to boost their payout, maybe to get miners to join? 
2730  Bitcoin / Bitcoin Discussion / Re: Bitcoin Foundation Blew 4.6 Million USD in 10 Months on: July 02, 2015, 06:00:18 PM
Kinda like the $10,000 pizza that has been reported frequently.

It was a 10,000 bitcoin pizza. Wink
Oh, oops. Well a $2,560,400 dollar pizza then. Actually it may have been two pizzas. The value of BTC was $0.00250 so the pizzas cost about $25. Which is what two pizzas cost.
2731  Bitcoin / Bitcoin Discussion / Re: Bitcoin Foundation Blew 4.6 Million USD in 10 Months on: July 02, 2015, 05:43:39 PM
Not that I'm defending their budget line by line, but I think there is a math problem with the title. They apparently are calculating the figure of 4.6 million USD by taking the bitcoins they spent at the highest price during that period. Of course that is not the price they were actually worth.

Kinda like the $10,000 pizza that has been reported frequently. In reality no one ever bought a $10,000 pizza, it's just that the coins went on to be worth that much. So if I bought a phone for 1BTC it would not be correct to say that "I blew $1000 on a phone!!!". Even though that bitcoin was once worth $1000. 
2732  Other / Politics & Society / Re: School Tells Girls to Dress “Modestly” to Please Nearby Moslem Asylum Seekers on: July 02, 2015, 03:22:56 PM
If I was a female student at this school I would be like:



http://freethenipple.com/


I think the ladies have their response. lol

No Gods, No masters!
2733  Economy / Speculation / Re: Who is the dead cat? on: July 02, 2015, 03:15:54 PM
I see what you guys are saying. But if our definition of DCB includes events that does not end with a zero valuation, then every market movement down and up is a DCB. It means that all traded assets with a variable price are in a constant state of dead cat bouncing. That does not make sense because the cat is not dying. It would mean that we have several thousand DCB's per hour.

Can we at least agree that this diagram shows the general idea of a dead cat bounce? Yes there are differing views on what constitutes the exact definition of a dead cat bounce, but the diagram gives people a rough idea of what it is.

.......


I do agree. That is the "signature" of a dead cat bounce. I would just add that if the cat does not die, then it is more of a market correction. I do like that cat, I think he really is dead.  Cheesy
2734  Other / Politics & Society / Re: Cameron wants to ban encryption !? on: July 02, 2015, 03:01:01 PM
Mac sold out years ago and I would never use an unaltered iPhone. whatsapp may be getting so big that they sell out next. But there is always another option. Make any law you like, I require encrypted comms and I will have it regardless of the law.

Try surespot instead of whatsapp. It's open source and does end to end encryption rather than server side. It is not tied to your phone or email, It allows you to delete your content on your device and the devices you sent to.  A+

https://surespot.me/ 
2735  Economy / Service Discussion / Re: Dont Use AirBaltic airline if you want to pay in Bitcoin! on: July 02, 2015, 02:53:08 PM
Please add some blockchain support of your transactions there o proof sending them money so the community sees everything clear, what payment processor are they using is the biggest question!

They seem to be using Bitpay.

Here are the 2 transactions which they never refunded me.

https://blockchain.info/tx/e3d53d5f530be85bd1fdab718749f39e402a5da531e42908e999c760264a780c

https://blockchain.info/tx/0cfd49828314fc81aa0b853dada0c390f95185519543c1b187f3e203dfb33769

I think contacting BitPay is a good idea. They are a serious business and, if they were the payment processor, they will have all the information needed to prove your case.
2736  Bitcoin / Bitcoin Discussion / Re: some adresses with private keys and transactoins on: July 02, 2015, 02:13:35 PM
Can you tell us what's the purpose of your search and why you post it here? Roll Eyes



Here you have more addresses: http://directory.io
Before asking, read their FAQ, lol. http://directory.io/faq Cheesy

He got them from that source. Check  19vxtDbLMNasSpbAEZd7va5Qge6d2zYWbp .
2737  Bitcoin / Bitcoin Discussion / Re: What's your biggest problem with Bitcoin on: July 02, 2015, 02:07:51 PM
Not having enough.
2738  Economy / Speculation / Re: Who is the dead cat? on: July 02, 2015, 01:23:44 PM
I see what you guys are saying. But if our definition of DCB includes events that does not end with a zero valuation, then every market movement down and up is a DCB. It means that all traded assets with a variable price are in a constant state of dead cat bouncing. That does not make sense because the cat is not dying. It would mean that we have several thousand DCB's per hour.
2739  Economy / Speculation / Re: Who is the dead cat? on: July 01, 2015, 08:20:35 PM
I see a lot of talk about the "dead cat bounce". This has never happened in the history of bitcoin.
...

That is not quite right: as MTGox crashed, it waved bye bye with a beautyful dead cat bounce. But that was only on Gox and on no other exchange.

Gox is certainly dead. But their business (Tibanne Co.) was not traded publicly (at least I think not). The bitcoin they traded there are still in circulation and going strong. So we can only identify a DCB in retrospect after the stock has "died". That is to say has a value of zero. Bitcoin has never died and shows no indication that it is going to.
2740  Economy / Speculation / Re: Don't Buy Bitcoin. It's Going To Crash!!! on: July 01, 2015, 08:11:20 PM
Don't buy a car, it's going to crash!

Don't buy a cymbal for your drum kit, it's going to crash!

Don't take sleeping pills or you will crash!

Good points! also cars, drums, and pills are not backed by anything. lol


Rodeo thank goodness you atleast understood that illogical response..... cymbals , cars, sleeping pills are a tool/"useable" , not a currency ...  so it would be like comparing a store of value to a loss of value ... that doesn't equate .... you can't compare money to a tool, basic economics.

Thanks I'm better with illogic than logic.  Cheesy And I like your name!
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