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2801  Alternate cryptocurrencies / Altcoin Discussion / Re: Could Ethereum takeover Bitcoin? on: May 21, 2016, 03:25:31 PM
When you guys say, "Ethereum will take over Bitcoin as the next viable cryptocurrency" you are hugely mistaken.  It's not even a currency to say the least, it just acts like a currency because you can trade it in for bitcoins and also be able to send them, which makes it an asset at the least... An asset that allows you to access the services that Ethereum has the potential to provide.

Ethereum isn't a currency.


What a load of claptrap.  ETH works fine as a currency

But does it? With the volatility of late, would you spend this coin on something mundane like a tank of gas? Or a cheeseburger? So that tomorrow, when the price surges even higher, you realize you could have spent less for the items you just purchased? People use things as currency that have a rather stable value over the long term. This is still an issue with bitcoin as well, even in this narrow price range (considering its btc) the price is entirely too volatile.
2802  Alternate cryptocurrencies / Altcoin Discussion / Re: Im looking for direct paying doge coin faucets on: May 21, 2016, 03:16:32 PM
it must not use faucetbox or faucetbox like middlemans it must be directly paying to my existing wallet.
i know one that is cryptospout but i want to use more so do you know any ?

thanks in advance.

Freedoge.co.in. Pays out weekly, directly to your wallet. They recently lowered the claim size from 7 doge per hour to 3, it may be temporary however, It's gone up as well in the past (it was 9 for the longest time)

Edit: came back to drop my ref link. Appreciate it if you would use it, so I can capitalize off of your efforts
http://freedoge.co.in/?r=488419
2803  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ether price? on: May 21, 2016, 03:04:30 PM
Well Ether seems to be continuing to pump since yesterday.  Is this just on the basis of the OKCoin/Coinbase news?  The DAO has slowed down and likely will stay slow until the usual mad rush that occurs at the end of an ICO but right now it can't be responsible.

There has been a real bull run now. Everything can't be rationally explained.
I have learnt to just enjoy the ride while it lasts.  Smiley

How long do you think it will last? The price is not rising fast now, it is in the consolidation stage at the moment.

I think the general trend will be upward due to the proliferation of projects that are using ether.  Obviously it won't go straight up.  There will be fluctuations, small dips, small rises, static periods.  Nothing just goes straight ups.  Also the dips allow people to buy in at a lower price.
.


 I'm waiting for it to have a grand mal, after people hasten to get their piece of the .03 and beyond pie. It keeps retracing, but as long as this Slock.it DAO thing is still kicking, I guess a  general uptrend is to be expected.
2804  Alternate cryptocurrencies / Altcoin Discussion / Re: Why would anyone buy this DAO crap? on: May 21, 2016, 02:59:20 PM
... And why not buying this DAO

https://youtu.be/ePwdFUrcS5M

http://www.avalon-life-prelaunch.com


What the fk is this?

daodaodaodao

When someone presents you with a rap video and then says "give me millions of dollars", that might be a red flag.

Lol, I finally clicked through to play that video. When I heard a pending bass drop, I knew what I was in for.

I'd invest in the company that sold them that beat.

Usually rappers tells us about their massive fortunes, not solicit them from us   Grin
2805  Bitcoin / Bitcoin Discussion / Re: Bitcoin Robin Hood - Steals from Bank and gives to fight ISIS through BTC! on: May 21, 2016, 06:01:56 AM
You cannot correct one evil will another evil.... You steal with one hand and caress with the other? I would have done it in another way.... Hack the site or address and then return ALL the money. I

would then ask the owner for a donation to reveal my method for him to rectify his/her security problems. So you are rewarded for the work and the time you took, to sort out their exploits. I will

then donate that money to a good cause. Unfortunately not every hacker on this planet is the same... only White hats does things like that.  Roll Eyes 

Mature perspective. While I'm pretty sure there is little love lost for the likes of ISIS, this way is not the way to go about this. Poor publicity given the media loves to emphasize all the criminal applications of bitcoin. Why fuel the fire? And hell yes poor bank. We like to vilify the banking system, but it's not the system, it's the bad actors within the system that make it a shitshow.

The wages of sin are never positive, in my limited experience.
2806  Bitcoin / Bitcoin Discussion / Re: Could the bitcoin crisis be one of master plans of Satoshi? on: May 21, 2016, 05:54:40 AM
If bitcoin doesn't go mainstream it will be stucked at the price of 400-450$ forever or maybe less. Because in time more people will get sick of stable prices and leave bitcoin. (Sounds like a ponzi lol)

Bitcoin needs to reach more people. Bitcoin is like a company. If it doesn't grow, it will shrink.

I disagree, but not with malice. If the bitcoin price were more stable, traditional finance would be less reluctant to invest. The risk due to volatility is simply too great, there is much to gain, but so much that can be lost. Also, I think consumers are used to fixed fiat prices, it's still a little weird that I can lose 1 to 3 percent of my value with a tiny price fluctuation. If the prices at Wal-Mart did that, I'd blow a gasket in short order  Grin
2807  Bitcoin / Bitcoin Discussion / Re: Which Investment Type do you Prefer??? on: May 21, 2016, 05:47:34 AM
There are so many investment program existing out there and i want to here the pulse of the people where they would prefer to invest and why. so other people here may knew that they can earn in different forms and different ways in online world.

Types of investments

1. Gambling - Chances to earn big in just an hour
2. Tradings - Need proper learnings and monitoring tp avoid lose.
3. Hyips - Ponzi Scheme And risky
4. Crownfunding - earn by gh and ph.

Which do you prefered investment above do you see  you can earn and why.

i prefer only number two and four from the list because the other two options are not even an investment. hyipe-poniz and gambling are both ways to lose money and despite the fact that there are alot of them and people fall for these things that doesn't make them an investment.
and even if you want to gamble/invest you should invest in casino bankroll instead. that way you are risking but it has less risk.

Well spoken. Simply purchasing BTC and holding it is an investment. Gambling is entertainment, there should never be an expectation of return. Putting money in a known ponzi (notice I didn't say investing) is a fool's errand.

Yet there is a Subforum dedicated to it  Grin
2808  Bitcoin / Bitcoin Discussion / Re: what is bitcoin on: May 21, 2016, 05:41:25 AM
for such a general question you should use google or any search engine you prefer and ask it there, you will find a lot of good articles that answer this in details, it is tough to say it completely in here in form of one comment.

you can also read bitcoin.org

Hehe, I chuckle every time I read one of these click bait ass topics. Bonus points if it's in broken English (I jest, no shade being thrown). These things drive the signature campaigns, btw.

My current fav is the "how to motivate women to use bitcoin " thread. You can taste the lack of gf/wife/any female presence in the responses  Grin

It's magic internet money friend, that's all you really need to know. All that blockchain and encryption stuff is, well, hard Smiley
2809  Bitcoin / Bitcoin Discussion / Re: How safe is to storage private keys in the cloud? on: May 21, 2016, 05:35:20 AM
Not safe at all. Don't do that, if the site has a bad employee, your coins can be gone in no time.

I concur, and this man deserves a cookie.

I had not considered bad actors as custodians of the data. It truly is best to keep this data as far away from a connected device as you possibly can.
2810  Bitcoin / Bitcoin Discussion / Re: Anyone have plan to make income on bitcoins :) on: May 21, 2016, 05:32:05 AM
Take a few coins and trade them through a p2p bitcoin exchange like local bitcoins.if you use these services, you'll notice 10 percent markup is common. Do that 10 times, and you'll have doubled your money (provided you can purchase more coins at the normal rate on a different exchange).

Try not to sell to the feds however, they are feeling some kind of way at the moment about unlicensed money transmission as a business. It's just trading until you make the exchange in person.
2811  Bitcoin / Bitcoin Discussion / Re: Big banks versus! *Justice Served?* on: May 21, 2016, 05:23:42 AM

It's about time, but I think a bunch of low level traders will take the heat for this, rather than the guys pulling the strings. Despite how much havoc they cause, top level banking executives seem to have complete immunity from prosecution. Emails get deleted, memos get shredded, and it's not a problem anymore.


And this will be drowned out by election news and gender rights stories, and fade to the back of the public consciousness in a few days. The Kardashians are still alive, that's a lot to compete with  Grin
2812  Bitcoin / Bitcoin Discussion / Re: What would you like to buy with Bitcoin that you can not? on: May 21, 2016, 03:58:29 AM
Fuel. Groceries. Medical care. Insurance. And to be able to pay taxes and utilities.

Basically, the things I spend the most of my fiat on.

And securities. It'd be amazing to fund my trading account (real stocks) without the three day wait.
2813  Bitcoin / Bitcoin Discussion / Re: How safe is to storage private keys in the cloud? on: May 21, 2016, 03:48:34 AM
id say its really safe to store your keys in the cloud if you put them in text file and encrypt them in a rar file with a good password.

even brute force it would take 100s of years to crack a good rar password.


I agree that a well encrypted file is pretty damned secure, but even better to not have the file available to those that don't need to see it.  Better to keep your keys as private as possible.
2814  Alternate cryptocurrencies / Altcoin Discussion / Re: A radical - $150 million experiment - using Ethereum on: May 21, 2016, 03:42:44 AM
So if i'm right, after 7 days, eth price would be to go downward? because as what the article stated, stake holders will exchange their token to eth and sell their eth for usd since the price is high?
IMO That will be great for other altcoin Smiley those people that have just sold their eth will then buy another altcoin to invest on.

With all the profit that has been made, one would be silly not to sell as soon as liquidity emerges. If you don't, certainly others will. I don't care how much I love an asset, if I can get it cheaper, I'm selling and rebuying later.
2815  Alternate cryptocurrencies / Altcoin Discussion / Re: Why would anyone buy this DAO crap? on: May 20, 2016, 07:18:21 AM
Anyone "could" become one of these great things, but few people will. The ability to do a thing does not confer the prowess to see that thing through. Most businesses fail, the reason for this is that they are mismanaged. Not that the initial idea was poor in any way. Business is a degree for a reason.

Ethereum is a wonderful idea. I have never said otherwise. I just don't think the idea of a Corp that functions independent of a trained director or board is a good idea. Also, unless the blockchain is about to grow legs and arms to sign some contracts and pay some bills, you will need human actors to perform real world functions, and oracles to report binary outcomes back to the blockchain. Human actors are subject to fail. We aren't even talking about coercion or subversion.

To me, the DAO only seems to provide a more elegant form of voting rights in a Corp. A token is a share, with voting rights. What else does this token do besides that? Despite all the innovation that eth may provide once it's potential is fully realized, this token is a tradeable voting share of a company that's on a public, verifiable ledger.  

Kinda like a stock.

Which makes this a security.

An illegal security, as it is not regulated by the SEC.

Yahoo is still crazy popular outside the States, btw.
2816  Alternate cryptocurrencies / Altcoin Discussion / Re: Why would anyone buy this DAO crap? on: May 20, 2016, 06:36:39 AM


This is the big #2 proposal that is driving DAO lemmings-jump-off-the-cliff-and-drown-in-the-sea mass suicide.
 
It's almost impossible to exaggerate how retarded this is...
Or how blockchain unsuitable maintaining fleets of cars is (why stop here, let's manage an airline with Solidity code).

Would you put someone you care about into this contraption?

And as for the claims of instant profits, sorry, no free lunch...
You can withdraw your ETH at 100 DAO per ETH... if you paid 1.5 ETH per 100 you will take a 50% loss.

I suspect that >>> 50% of the DAO investments will be pulled out within weeks...
But the SuperBubble masters will have succeded in popping ETH by 50% in the last month.

Please note that all that heavy buying... is matched by heavy selling and profit taking.
.

What, in the blue fuck, is that? Dammit people, the blockchain can't solve every fucking thing. That's a toy as far as I'm concerned, pardon my ignorance if I have failed to see the use case for a robotic power wheel.

There are too many vastly superior companies making autonomous EVs. And a blockchain is wholly unnecessary, why does there need to be a ledger of the rentals?

Do you care who rented the red box end before you did? Do the shareholders care? Does anyone honestly care?


You guys don't see the full potential of the blockchain. Anyone could create an autonomous organization of self driving cars when the technology will be ready. You would use such car to go from point A to point B and pay it. Then, the car could charge or fuel back itself, and if it made profit even buy another car to add to "its" fleet (or expand the general fleet, depending on the code).

Another example of autonomous organization could be a email spamming system. Corporation would use such AO to advertise themselve, and the AO i don't know with what kind of algorithm, would provide the service.

I don't know how can someone stay that long on the forum of bitcoin and so the blockchain technology, without first being interested in the technology and then passionated about its possibilities.


Well said.

The fact is, the reprobate specimens who frequent this forum are mostly scammers and promoters of fake and broken shitcoins,  it's natural that they would act in a churlish manner towards a crypto with genuine application in the real world.  The fucking tossers should get in the fucking sea

Before I jump overboard, let me say uber is testing autonomous evs as we speak, sans blockchain. Teslas latest offering is also of the same vein. No company in this space has the r and d or capital expenditure to compete with either of these behemoths.

Blockchains are publically verifiable ledgers. If you don't really need a public ledger, you don't need a blockchain.

If the technology existed (these vehicles), I could simply call up an agent that owns these vehicles, rent the same fleet with my credit card, and flirt merrily from point A to point B. After which the car could return to its point of origin, or blow up, I give a wit either way. Simply trying to convey there are myriad more mundane and recognized technologies that don't need to be developed in order to do this. Some of the use cases seem almost a stretch to implement blockchain technology.

It's not that I'm not passionate about what bitcoin means to the future. It's just tempered with practicality.


Also, from experience, you don't want code spending money for you. You want code to indicate to you how or when you should spend your money. So that you can weigh variables outside the code, and use your intuition to decide.

Oh yeah. That swim.

splash
2817  Alternate cryptocurrencies / Altcoin Discussion / Re: Coinbase prepares to survive bitcoin halving & mass exodus on: May 19, 2016, 09:24:23 PM
This alarm bell went off in my head as well. Why now? I'm never mad at a company changing focus, but at such a critical /uncertain time, given blocksize/halving/eth competition concerns, why? Is someone aware of something we don't know? Because this transition is not free, capital and manhours will be spent to accommodate this rebranding/restructuring. and given how shrewdly this company has been ran, I don't expect a capital outlay without commiserate return.
2818  Bitcoin / Bitcoin Discussion / Re: Are you a victim of TeslaCrypt ransomware? Decrypt Files Using Master Key [Free] on: May 19, 2016, 09:05:21 PM
Are you a victim of TeslaCrypt ransomware?

Instead of paying $500 in Bitcoin now you can decrypt the files for free.

One of the developers of TeslaCrypt posted on the TeslaCrypt Dark Website:
Quote
"Project closed! Master key for decrypt: 440A241DD80FCC5664E861989DB716E08CE627D8D40C7EA360AE855C727A49EE. Wait for other people make universal decrypt software. We are sorry!"

Source: http://thehackernews.com/2016/05/decrypt-teslacrypt-ransomware.html

Didn't know where to post, so mods are free to move to the correct board

Hehe, you beat me to this, was going to start a topic (this popped up on my news feed) but got distracted with a reply. Was going to put this in Press, btw.

This shows a great deal of maturity. This doesn't excuse the initial fuck up (theft), but surely the Lord smiles on a contrite soul.

Good shit Smiley Although I wonder if legal pressure didn't have a hand in this 'act of mercy'.

Edit: took a look in the Press sub, we both got beat to the punch Grin:
https://bitcointalk.org/index.php?topic=1478353.0
2819  Bitcoin / Bitcoin Discussion / Re: Received a random Dropbox share with a bitcoin.js file on: May 19, 2016, 08:47:26 PM
Today I randomly got a dropbox share from someone named Matthew Jones that contained a bitcoin.js file. Anyone know what sort of scam is going on here? the file doesn't show anything clear. Thanks for any help.

Be careful. Examine the motivation behind this action: would you send someone a "random ass money" with no instructions? More likely this is malicious code, designed to rob you of your value.

If you are curious (and remember what curiousity did to our favorite feline), open the file in a virtual machine for further investigation.

2820  Economy / Economics / Re: Is gold better than Bitcoin? on: May 19, 2016, 08:38:47 PM
Gold and Bitcoin both have promising future and trading them could be profitable in long term run. Personally i trade Bitcoin but trading gold is profitable too in my opinion.
Yes. To secure our future we must invest into some stable and more trusted options. Bitcoin would be the highly profitable type of investment than gold till all the bitcoin will be mined out. So, for the next to hundred years, bitcoin will dominate gold to attract new investors.
Yes, even both gold and bitcoin are limited resources, bitcoin has known limit. So, the chances for price appreciation would be higher with bitcoin than gold. So it would be wise decision to invest into bitcoin than gold as per current trend.

Nozir. Gold is accepted worldwide, is inherentiy more stable, has not been banned or made illegal by any major state actors (although it has been subject to much regulation) and has been an accepted form of currency since the dawn of civilization. Does not require a blockchain as physical ownership is sufficient, and most importantly, it's zombie apocalypse/shtf proof. If you don't have internet connectivity, you don't control your btc until you do. And the gold has a bonus, it's actually a physical object that has substance, you can use it for a lot of other shit like art, or technology because of its unique properties.

Not a personal attack, just some points to ponder.

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