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27961  Bitcoin / Bitcoin Discussion / Re: There have to be so many people who know who Satoshi really is on: December 22, 2013, 05:53:16 AM
whenever satoshi talked to people it was on IRC and forums like this.

so Doublelucky by replying to you with an idea or a comment, does that magically mean i know your real life name? ... nope
does your entire family and real life friends know you as Doublelucky, or is that just a pseudonym you use for people you talk to online.

satoshi is to bitcoin, is as Steve Wozniak was to Apple. yet no one cares about wozniak. everyone cares about Jobs (GavinA)

as for what brought you to bitcoin, being it that satoshi's secrecy is sexually appealing to you. that there, is more reason not to reveal him so that you never lose that sexy feeling about bitcoin.

i also wish people asking who satoshi is, would atleast stick to one forum thread asking that question. there must be atleast 1000 of these threads asking the same question. and atleast a new thread popping up each week, once the last thread disappears off of page one of this forum.
27962  Bitcoin / Bitcoin Discussion / Re: Interest in "Free World Bitcoin Foundation"? on: December 21, 2013, 05:44:57 PM
the OP failed at the first hurdle..

calling it a world wide FOUNDATION. a foundation needs to be registered to a country, the same way a charity, corporation or limited company does..

how about trying "consortium" EG w3c. Consortium's are just a group, they require no bureaucracy (legal paperwork tethering them to a particular country)
27963  Bitcoin / Bitcoin Discussion / Re: What are the most convincing arguments against Bitcoin? on: December 21, 2013, 08:42:00 AM
Re: What are the most convincing arguments against FIAT?

1.pickpocketing
2.card cloning
3.bank robbery
4.minimum wage
5.taxes
6.fraud
7.government control
8.bank double spending
9.government debt
10.bank freezing accounts
11. banks emptying accounts (cyprus)
12.money laundering
13.fiat used for illegal activities

so many more, but i think you get my point
27964  Bitcoin / Bitcoin Discussion / Re: An idea I had while washing clothes. on: December 21, 2013, 03:56:44 AM
I had an idea whilst waiting at the drive thru of McDonalds. I thought, wouldn't it be cool if I could just scan a qr code and pay for my crappy burger?

Hopefully in the future we'll see all sorts of businesses and services accepting and implementing Bitcoin.

The fries would be cold and chewy by the time the transaction cleared Wink definitely need to get the transaction confirmation issue improved somehow ... the utility would increase massively

imagine you went to a macdonalds website selected your order and paid for it. and then at the drive thru you just shout out an order number and simply wait for them t bag up the fresh cooked fries and burger.

much the same as costa coffee. instead of lining up at the cashiers desk to make an order. you sit at the table. type your table number and order into the website/app. pay for it. and just wait for your name/order number to be called out to fetch your drink. or have the staff walk it over to your table.

pizza hut in the UK already have this where you can order your pizza for collection, put in the 10 minute timeslot. select to pay by card or cash.. and then just tell them your name when you arrive. to receive your piping hot pizza thats only atmost 5 minutes old. as oppose to 40 minutes old if you waited for delivery. all pizza hut needs to do is accept bitcoin, and it would be perfect
27965  Economy / Service Discussion / Re: high-end luxury on bitpremier.com on: December 21, 2013, 03:19:55 AM
the website is like ebay. offering sellers to sell their high price products. as i said before.

user anonymity fine. business anonymity not so fine.

i dont mind the users (sellers) hiding identity.. but when the website EG holding the escrows and peoples information. want to be shady too, thats where the trust of the escrow service and business seems a little off.

especially when they supposedly hold onto peoples 100's of coins. if they decide to not release coins, how are you suppose to sue the business..

proper legitimate escrow services that want trust should not hide. and if i see a reply about how escrow services hide their office address/business details to avoid getting robbed. then that is the most immature/naive and least understanding of bitcoin i would see.

i dont mind shady drug dealers hiding info. thats the risk of people purchasing illegal items. but when it comes to high priced legitimate goods. there is no reason for a business to hide.

that being said. so far bitpermier hasnt had any scam accusations, so thats a positive. but incase anyone else likes to know who they are entrusting with their coins..
after looking deeper into bitpremier i have found that is owned by Alan Silbert (https://twitter.com/alansilbert) hope this helps people

27966  Economy / Service Discussion / Re: high-end luxury on bitpremier.com on: December 21, 2013, 02:00:01 AM
 a legt business that wants to be anonymous.. seem a little .... off
user anonymity fine. business anonymity should be left for the dark web illegal product sales. legit product sales should not be anonymous

also the list of investors seem a little .... off.. its like their just shouting out names to look good. going to look deeper
27967  Bitcoin / Bitcoin Discussion / Re: Bitcoin penny, nickel, dime, quarter on: December 20, 2013, 06:49:50 PM
I propose;

0.01BTC = Bitcoin penny
0.05BTC = Bitcoin nickel
0.10BTC = Bitcoin dime
0.25BTC = Bitcoin quarter

I give away Bitcoin pennies to friends/family willing to take a moment to create a Bitcoin wallet to encourage them.

I am a member of the Michigan Bitcoin Consortium https://www.facebook.com/groups/MichiganBitcoiners/.  There I proposed we contribute to a pot; 1 Bitcoin nickel each.  The pot goes to the next person to spark a local business into accepting Bitcoin.

instead f trying to get new people to buy bitcoins. get merchants to accept bitcoins. i know someone in michigan who was looking to spend bitcoins and all they could find in their city was 1 foodler restaurant.

so they didnt want my bitcoins, same story for many other states, but seeing as your michigan based and my friends story involves michgan. i thought i should mention it. people wont truly take bitcoin on all of its merits until its usefulness is more appealing to them. at most all they would do is find a method to cash out  your bitcoin, keep the fiat and never look at bitcoin again.

try getting merchants to accept bitcoin. then when family and friends use bitcoins and see its benefit they are more then likely wish to continue using it.
27968  Bitcoin / Bitcoin Discussion / Re: Overstock on: December 20, 2013, 06:24:54 PM
the btcoin china issue is going to be the equivalent to the alcohol prohibition of the 1920's. give it some time and things will change.

bitcoin china issue it too over hyped and used purely to help new investors get cheap coins.

as for the price of bitcoin, it is going up slowly, but please remember that some people are still fixed to FIAT and with christmas coming up they are determined to get FIAT to buy their presents and turkeys. so dont expect big movements.. wait till after the january sales for the big investors to return
27969  Bitcoin / Bitcoin Discussion / Re: Would a Bitcoin ATM Solve the 3rd Party Payment Problem in China? on: December 20, 2013, 06:19:50 PM
Why couldn't you ban bitcoin ATMs as easily as stopping deposits into an exchange?  Indeed, isn't that the current state of things in the USA?  (Not officially, but who wants to apply for money transmitter licenses in 50 states and comply with all the regs?

Why would one need money transmitter licenses in 50 states in order to set up a Bitcoin ATM in 1 state?

if the company running the ATM was not based in just one state EG they wanted to place an ATM in every state, they would need a licence for everystate. but if you personally bought an ATM machine and only wanted to set up in your home state then yes you just need one licence. i had the idea and posted it before, for the ATM creator to set themselves up as a franchise. where by anyone can become a franchisee and set up a business in their homestate, and buy the licence for their homestate. and then have control/monopoly of that state under the brand name of the ATM. that way the ATM creators do not need to be travelling each day to different states to repair, maintain, update, install new ATMS. they would have 50 franchisees (employees) who own their own little patch (their state). and the ATM creator just takes a small cut of the profits.
27970  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin become Tea Partied? on: December 20, 2013, 05:59:22 PM
No Elwar I don’t think bitcoin will have tea party. It might have small tea parties but at the end it will crash in a way that it won’t be able to recover ever. I guess that time is not too far as China have already got active to end the tea party of bitcoins. So just wait and watch for bitcoin to end up infinitely  

you obviously do not understand bitcoin at all..

bitcoins dont need a countries bank to make bitcoin worthy, bitcoins dont need a government decision to make bitcoins worthy.

take the good old days of 'prohibition' where america completely outlawed alcohol... yet people still secretly bought it, drunk it, etc whilst prohibition was inplace, other countries did not panic that alcohol would die. now look at all the alcoholics buying it in bars/nightclubs and local in stores now.. did alcohol die?? no

take the tulip bulb mania.. people say tulips hold no value.. yet when i go to a garden shop, they cost more then chewing gum...

bitcoin will never die as it still has 130+years of mining to go.

I don't hate ASIC's... I think they were a great invention. I hate the impact they had on the network.

But you can't logically say I'm off base in my observations either...

just like the excavators changed the method of mining which hurt people that only wanted to use pickaxes.. so what did the pickaxe miners do that could not afford excavators. they started mining for silver or precious stones/minerals.

to me litecoin is the 'sandbox' tutorial into cryptocurency. the newbie area to mine with just your computer equipment, learn the process, get to know the community and make a few pennies. then upgrade to multiple GPU systems to make more money, before then going for the big rig ASICS.

now to the topic of teaparty.. i think there may be a teaparty. but it wont be as strong as the energy drink party (developers, tech savvi people).. Grin and of course other beverages are available to have at parties.
the champagne party (filled with non government investors) Grin

in the end it doesnot matter if millions hate bitcoin.. there are 7 billion people in the world.. as long as just a few love it, bitcoin will be around for centuries, so all this negative propaganda although it causes the ramps and dumps, it wont kill bitcoin. and to put my entire post more simply into 9 words

Bitcoin is antifragile.

Honey badger doesn't give a fiddle.
27971  Bitcoin / Bitcoin Discussion / Re: Baby you're a rich man too on: December 20, 2013, 04:18:26 AM
untill people like myself can get hold of the coins, then it won't work..Here in the UK it's easier to buy rocking horse shit  than to get hold of btc..

cough bitbargain.co.uk cough
also
localbitcoins.com

takes minutes to get bitcoins in the UK not 3-5 days such as the yanks
27972  Bitcoin / Bitcoin Discussion / Re: Is there currently a coordinated effort by CB's to destroy cryptocurrencies? on: December 19, 2013, 08:21:31 PM
this is all acedemic FUD.

with half of the actual facts released and people trying to sound smart explaining the gaps.

when someone deposits dollars into an exchange. it sits in an american bank .. meaning america has not lost a dime. when someone wishes to withdraw their dollar. the dollar travels from one america account to another.

again the banks have not lost a dime its still circulating in their banking system.

the old age sticking banknotes into an envelop to send to foreign countries, that was where banks lost out. as the money was not in local circulation anymore, thus bitcoin is better for banks.. not worse.

now to the point. bitcoin is not harmful to bankers. but exchanges run by basement dwelling teenagers that don't wish to follow the FIAT regulations, are the ones that will find their banks not so helpful, especially those exchanges that claim their business plan is 'selling advert space' which later is revealed as a fraudulent claim, when its looked into as being bitcoin related.

all of these bank issues are related to exchanges not having good business relationships with their banks, not learning how to look after the fiat deposits/withdrawals safely and to the regulatory requirements of that FIATS base country.

stop reading media reports that are based on chinese whispers from other sources, who themselves heard it through the grape vine.
stop taking media reports as gospel truth. atleast use the information gleamed from the media to atleast start researching the more precise details.

always remember that cryptography uses a bit of salt to become strong and unbreakable.. so please take a pinch of salt when media tries to break bitcoin
27973  Bitcoin / Bitcoin Discussion / Re: Bitcoin address with identity on: December 19, 2013, 12:58:47 PM
gavin andresen is thinking of incorperating API into bitcoin addresses

EG
1Blahdfkslkdfslsdflsedlgsdlscdflscd?txid=&urlcallback=www.merchantswebpage.com&customparameter=

so then people can set up their own addresses and custom parameters. and then when the transaction is sent, it is sent through the network and a copy is sent to the callback url along with the custom parameter the person has added. thus allowing transactions to be linked to whatever information the person wants

1Blahdfkslkdfslsdflsedlgsdlscdflscd?txid=(whatever the tx ends up as)&urlcallback=www.mydonationpage.com&bitcointalkusername=franky1
27974  Bitcoin / Bitcoin Discussion / Re: Random thoughts/questions.... Please respond on: December 19, 2013, 08:56:59 AM

So that was my next question. If all the sellers who are setting the price decide to just gradually keep increasing the price, wouldn't that be beneficial for everyone? It will attract new buyers because they can see that they will have an obvious return on their investment because the price never goes down. Maybe i'm thinking of this the wrong way


well everyone agreeing to set prices and gradually increasing them is the utopian dream of investors. but for customers, newbies and buyers they will always want it cheaper. and as the whole idea of bitcoin is free-market bartaring and not fixed prices, then that utopian dream would be hard to accomplish, which may even turn away fresh people as they would see it as a scheme and not a free market
27975  Bitcoin / Bitcoin Discussion / Re: Random thoughts/questions.... Please respond on: December 19, 2013, 02:14:40 AM
Hey smart investors and forward thinkers, I hope some of you respond.

1. What determines the price of each BTC? Is it purely based on supply and demand...
yes
or is it assessed by dividing each bitcoin available with the market cap?
the market cap is set by the current price multiplied by the amount of coins mined.. not the other way round as you suggest


 Do the exchanges set the price automatically or do the miners set the price themselves? I'm still not clear on how this works.
exchanges are not one person. the price is not set by the owner of the exchange, but by the people that trade on the exchange, these people do include miners, investors, payment gateways selling off, individuals buying in.. the question most people are truly asking is why are people dumb enough to allow themselves to sell bitcoin below 1000. if no one agree's to sell below $1000, the price would not drop below $1000.

2. Say in 100 years when all of us are dead, along with most of the initial bitcoin holders... will all these bitcoins be 'lost' because no one will have access to our private keys? Do you think there will be some sort of problem around this?
sometime in the next 100 years i would have either sold off my millions and retired to some island. or i would have had time to write a will offering instructions how my inheritors can claim my left over bitcoins. in this time the bitcoin would as my first thought suggests, transfered from those retiring, to the next generation of young, aspiring entrepreuners and users, simply through trade between now and 100 years time.

3. Do you think bitcoin will come into play during the next US presidential election? I'm hoping by then even more people will be aware of bitcoin and there will be more debate around it. Whoever has the best policy in favor of bitcoin will have my vote.
well ron paul was bitcoin friendly and that did help him get a few extra votes. but not enough to win. maybe if bitcoin was mainstream and a part of everyones life, then yes it would be part of every candidates agenda to be involved. but in the end all politicians lie. so most people smart enough to be into bitcoins dont really believe or care about politics.. in the end they all turn out to be the same

27976  Bitcoin / Bitcoin Discussion / Re: Bitcoin cannot funtion in its current version as a currency on: December 18, 2013, 06:10:45 PM
a few people here think currency must be legal tender. it must be a fixed price and never change more then a smal amount.

you are all wrong.

currency is simply an item used in trade at an agreed value.

EG
vodka in russia can be used as currency, it can be valued as worth just a smile on the recipients face, as payment in thanks for doing someone a favour, to pay a garage owner for repairing your car, or as something worth $3 a shot in a bar.

cigarettes can be currency, during high school years it can be used to get a bit of action from a girl behind the bike-shed, it can prevent a bit of action in prison, it can be used to pay off a friend who bought you pizza the night before. or it can be used to earn government alot of tax.

clothing can be used to impress a girl to get a bit of action that night, to repay a homeless guy for allowing you to share his dry sleeping slot for the night.

anything that has value that someone else wants. and between 2 people they agree on the terms of value. that is currency. it does not matter if 2 people in india value it at $1 and 2 people in africa value it at $20. as long as those doing the exchange of value agree on the value. then that is it...

as for those saying the price is too volatile. i would make a lengthy explanation as to the fact that although its the hoarders fault for selling too low and not refusing to sell below $1000. volatility is a good thing when it comes to currency. LEARN the word "bartering"..

for too long people have been reared up like sheep to follow the one path of fixed prices, centralised controls and false sense of security.

welcome to bitcoin.. its a whole new world
27977  Bitcoin / Bitcoin Discussion / Re: Encouraging Merchant Use of Bitcoin on: December 17, 2013, 05:33:29 PM
i kind of agree. but at the same time bitcoin is still growing. its like a teenager, rebelling against authority and having growth spurts where some days it appears that it is shorter then expected, then suddenly grows overnight.

this is just like the gold run, one day a fingernail sized amount of gold dust wouldn't buy you a beer, the next month it could buy you a whole saloon, ful of beer and ladies of the night.

once more payment gateways (gold merchants) become the middle men of retail transactions, the price will settle down or atleast the gold merchants/middle men will take the risk of the volatility between customer payment and FIAT conversion.

at the moment there is a noticable trend that each 'first week' of the month there is exceptional volatility. i am wagering this to be related to the limited retailers cashing out to pay wages and restock products.

again once there is more people in the middle.. the prices wont be as freaky as most people think.

but as i said first of all, bitcoin is young, has alot to learn and is not ready to settle down. so let it have its fun and, jut be happy that it has a long life ahead.
27978  Bitcoin / Mining software (miners) / Re: Bfgminer Virus on: December 17, 2013, 05:19:30 PM
this might be because game developers put BFGMiner inside their games and people wondered why their GPU was going to the max. which led to the fiasco of finding out games developers using this tactic to make a little more money.

it may not mean BFGMiner itself has a virus, but it has been linked to malicious use.

best bet would be to only get BFGMiner from the proper source, whenever updating
27979  Other / Off-topic / Re: This Just In: Chinese President Rumored to be replacing Yuan with Bitcoin on: December 17, 2013, 04:08:08 PM
I have a secret source who has a friend who knows the President of China.

He is rumored to have said, during a secret circlejerk, that they will be making Bitcoin the official currency of China.

Wow dude, thanks. My sister's cousin's uncle daughter's father's cousin's brother was skeptical of buying the last remaining supply on bitcoins until this news.
My sister's cousin's uncle= your dad
My sister's cousin's uncle daughter's=your sister
My sister's cousin's uncle daughter's father's=your dad
My sister's cousin's uncle daughter's father's cousin=your dad's cousin
My sister's cousin's uncle daughter's father's cousin's brother=your dads other cousin

if the way you explain family links is the same way you explain bitcoin, no wonder he was sceptical, especially if you told him to wait for the last remaining supply of bitcoins ( year 2140 ).

as for the reason for the chinese decision. its simple. for decades china has positioned itself as the main manufacturer of the world. thus grabbing wealth from other countries in return for goods (making china more wealthier). bitcoins due to the whole US is king, master, dominant party in the community, where most businesses are U.S based, most of the programmers, and exchanges are U.S based. the chinese do not want to hand over their wealth, to eventually be spent by americans. they do not want their chinese investors cashing out into dollar

if bitcoin was more Euro orientated, then china would not have as much of a problem. but to me personally knowing that bitcoin is international i can see china changing its mind once it digs deeper into the whole community. and a few more NON U.S exchanges pop up
27980  Bitcoin / Bitcoin Discussion / Re: Next few months are CRITICAL for Crypto Currencies on: December 17, 2013, 03:56:35 PM
In my opinion the next few months are slowly turning into a make or break time for Cyrpto. I don't think it will break completely...But it may collapse before doing a "Phoenix" and coming back in another form. Just looking at the BTC price slowly but surely sliding to lower lows and not making new highs seems to confirm that many people are converting back fo Fiat. I strongly believe Crypto will remain in some form or another but these times are not for Widows and Orphans to be investing in it. Said that a little is ok...who knows we may have another bonanza! $1000-$2000 seems a good risk reward level...but it all depends on your personal circumstances...I haven't got a Falcon and a Camel! I am steadily mining investing and trying to stay upto date with the Bitcoin Backdrop....it ain't easy but we are the pioneers of an exciting age... Remember 99% haven't even heard of Bitcoin.....Try and ask your friends and family what it is...you will be amazed at how ignorant people are. Comments always welcome....constructive ones..

These ups and downs happen probably at least once a month and usually always recover within a few days or a week. The currency is still in its baby period really so instability is expected. I do hope at some point it can find stability somewhere so it can gain mainstream confidence and adoption, but at the moment there's still a lot of money to be made by us speculating on the price, so either way it's win-win.

that statement is completely correct

ever since April the first week of each month has shown some volitility followed by a smoother and steady rise. the only different this time is that december is the blackfriday/christmas period where people spend alot more in bricks and mortar stores. so this month there is a bigger noticable price change while people grab their fiat to buy their family things.

along with this , the panic traders escalate the numbers, and the FUD flinger's try that little harder to throw more FUD around because its never low enough yet for them to buy in.

this is not a bubble bursting, this is best described as a menstrual cycle.
some months can be great, waking up with whatever the female version of 'morning glory' is. and other time, stuck with bedridden cramps, stress, and agression.

you just have to learn to watch out for the signs and know the time of the month to ensure you do not get on the wrong side of our beloved.. bitcoin
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