An honest poll would have the "bit" option as well, in order to see if your preconception about bit matches the one of the community.
He knew that an honest poll would select "bit = millionth of a bitcoin" as we can see in this thread: https://bitcointalk.org/index.php?topic=592691.0In fact, right now it has a supermajority at 78% |
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Why is anonymity (did I spell that right?) so important? If you're not doing anything illegal or some kind of perv, then why would you care if people can track your purchases?
Taxes. Paying taxes is immoral. Taxes (and fiat currency) are used to support war and the murder/imprisonment of innocent civilians. Using Bitcoin takes away part of that power. |
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Altcoins make anonymity easier. Go to an exchange, get an altcoin, send them to another exchange, then change back to bitcoins. They will be part of the tool box of techniques to keep our privacy.
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Sending $100 to wife in Kenya (from Hawaii):
$7 via Western Union
$9-11 via ATM card, fees vary from time to time, occasionally get I get hit with an extra $4 fee pushing up to about $14.
Kipochi is currently broken, so the BTC >> MPESA >> KSHILLING doesn't work right now.
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There are not enough options by using BTC right now..
I hope it will improve someday.
Hoping Xapo will hurry up & get their credit/debit card out that is backed by a btc account. I will use it for everything at that point. |
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What a coincidence. Think I bought my first bunch of bitcoins at $94 each. Maybe those were your coins OP, if so, I wish to thank you for them.  |
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I bet there are some millionaires in mom's basement, teens who have BTC but don't know what to do with it. Think about when you were younger, it would be hard to figur eout how to sell it, and do things like taxes, and your parents would be all over your case to figure out what BTC even is...
It would be a very disciplined teen to have held on since the early days. I'll bet an awful lot of coins were squandered or lost long before we reached today's price levels. It must be a sweet feeling if they did sit tight. I started hoarding silver coins when I was seven. My grandpa taught me collect them from change. I didn't understand about inflation though till I was about 10 and didn't understand the why of inflation till I was about 12. Another relative told me to save money in a bank earning about 3% interest. He put $5 in it for me. In about 5 years, it was only about $5.79. I noticed that the price of a candy bar had gone from 5 pennies to 25 pennies. It was then that I realized that saving money in the bank was a really bad idea. Only saved silver after that. I had over $300 in silver coins by the time I was 18. Sold most of them around $40 an ounce around 1979 just before the Hunt Brother fiasco. My parents needed the money to save their home. I was upset that they never paid me back, but just let it go. Over 30 years later though, they gave me a piece of property in Hawaii with a cabin on it. So I guess saving that silver paid off in the long run after all. |
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This thread nicely sums up my whole opinion of T.A.  |
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On Xmas day, you may see the exact same price you see today,  Maybe next year then... |
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He is thinking that a billion = 10^6, not 10^9. Remember, in some countries, million & billion are switched around in their meanings.
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I swear whenever I hold any Bitcoin it loses value instantaneously, it never makes profit anytime recently. I traded for $300 worth today and it went down $15 per Bitcoin within an hour! It's fucking aggravating.
Why can't it go up for once?
For me: When it goes up HODL.When it goes down buy more. For you, I would suggest you do like I told my grandkids who gave me money to buy some bitcoins for them. They kept asking me how their investments are doing. I told them not to ask anymore till the end of this year. I suggest the same for you. Go do something else and forget about Bitcoin. Check on Xmas day for your present. |
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Smaller cryptocoins might be viable in specific fields.
+1 |
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There are already money changers in Kenya that take bitcoins. Turning bitcoins into local fiat currency WILL NOT be a problem in the future. Besides:  |
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Actually it's interesting that previous halving coincided with a price bump that eventually leaded to an April bubble. Is it a mere coincidence? A reason or an excuse for a bubble?  I am convinced mining puts a lot of downward pressure on bitcoin prices. I think most have to sell what they mine to cover costs. So when the block reward halved, the downward pressure was cut in half. |
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So you never lost shit. You didn't even lose your computer. Yet, you came on the forum and announced that your bitcoin was stolen.
Now I try hard to minimize the risk to the well-being of anyone, and to raise the stakes in the game described as follows: if someone actually copied the private keys there (I had access to over 6000 bitcoins unencrypted, open in my computer browser windows during the time it was compromised), he will have to suffer the fact becoming public in its entirety + all the details, if he spends the bitcoins before I have the time to spend them myself. Due to extensive precautions involved, it will take me approximately a week of calendar time + several thousand dollars, to fully ensure that the bitcoins are safe, by sending them to uncompromised addresses. I plan to concentrate on that during this week.
(emphasis added) Ok, idiot. Sorry for having so much long-suffering for you, ever since your infamous entrance to the forum a few months ago. Try to read and understand the bolded part and reason, what might have been the reason for the forum disclosure above in the midst of the action, without having the knowledge if keys were copied or not. HINT: it is in red. You SHOULD try to please me. And the rest of us by being honest.
You are too stupid to be pleased. A fool and his bitcoins soon part. I just hope that you don't cause collateral damage to your loved ones in the process. Ignored. Is anyone reading this? Is anyone reading Rpietila's responses to my simple questions? So basically you are saying that your computer want not TOUCHED. Yet you came on to the forum to tell people that your coins were stolen (a lie) which you say that you did to neutralize any potential future threat - when you could have simply TRANSFERRED the coins to a new secure wallet. There - threat gone. Why do you lie about this shit? We aren't idiots and you aren't lying about anything important. The only plausible reason you did this was so that you could get attention and maybe have an excuse to tell the world about your 6000 coins. Just like you decided to namedrop douchebag Justin Beiber's name for NO REASON. Btw, I've been on this forum for almost a year. More lies. Id love to know the infamous entrance you are talking about. Of course, there was no infamous entrance. More lies. What is it with you? Sometimes you provide good info and opinions. But when you are called out on bullshit you can't handle it. You literally spiral into more and more lies. You never admit that you are wrong or did anything wrong. And you now, the stakes are higher now. Because you sunk 1 million euros into that hotel of yours. And hotels live and die based on one thing - REPUTATION. You need to get your house in order son, literally and figuratively. Wow...this is the best soap opera ever! |
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This spot reserved for 2016
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Cost a bit more than $100, but here is my bitcoin wife. I guess you could get the shirt though for about $20.  |
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OP: Bitcent in your current form is not future proof. An example that I've used time and again:
Suppose that one BTC = $100,000, and Joe blow wants to order a $5 cheeseburger in BTC. Here's a few different scenarios:
A. "That'll be 0.00005 BTC please."
B. "That'll be 0.005 Bitcent please."
C. "That'll be 0.05 mBTC please."
D. "That'll be 50 uBTC please."
E. "That'll be 50 bits please."
A, B, and C are eliminated right off the bat because nobody wants to recall how many zeroes they've put after the decimal.
This leaves us with reasonable D and E, but the word "bit" is far more marketable than "micro-BTC". Micro-BTC just doesn't roll off the tongue like bits does.
Your bitcent, or one-hundreth of a bitcoin, will become obsolete rather quickly once bitcoin's valuation rises several magnitudes.
The current consensus is moving towards a bit as a standard bitcoin transaction sub-unit, and satoshi as cent by implication.
+1 |
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If the president made it his top priority to cut government spending and reduce regulations, I believe he could greatly affect the economy in the long run.
The president also has certain powers that could reduce costs & at the same time show his resolve in cutting spending. For instance, he could give a full pardon to every person in prison on a drug charge, state he will continue to pardon all drug charges the rest of his term, and that would be the end to the war on drugs (at least at the federal level).
Of course, all of this is moot. The goal of presidents is to increase federal power, regardless of the cost to the economy.
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