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28181  Bitcoin / Bitcoin Discussion / Re: German Ministry of Finance: Bitcoin is a currency, is suitable for Bills. on: August 17, 2013, 07:41:28 PM
Fidor bank looks to be investing into bitcoins too..

here come the big boys.. prepare for some ramps and dumps soon.

think about it, anyone in europe can go through a german bank/business without having to currency exchange into dollars to get their bitcoins. this means cheap coins. and also with europes fast wire transfer services. it means instant coins..

Cheesy all good news
28182  Bitcoin / Bitcoin Discussion / Re: Pump and dump collective? on: August 16, 2013, 10:19:17 PM
the btc-e P'nD'ers do at least hint what's happening. to warn people that don't understand the process, to stay away.

so if you don't understand the word play they use to create panic then, when they shout out a certain coin is gonna P'nD'. Find a different coin to play with for a few hours.

its all about reverse psychology and causing others to make the movements so you don't have to try as hard. and then profit before causing the reverse, to then profit a second time.

as for creating a group collective of 'little guys'. this will not work as well. for these reasons.

big fish only put in 10% of their funds into a P n D purely for fun or to get an easy 1-2% profit (10% of their 10%). getting little fish to put in alot more of their funds would cause a few of them to be scared of losing their funds and some will react sooner then expected.

the other part is that unless you have a pair of pliers locked onto their genitals, most people have their own minds and plans to profit. so if they see a opportunity to get an inside scoop of when a P n D is going to happen. they will all try to be the first in first out of any plan. so unless you can control a group into conforming like robots to only trade on command. then i would think any collective of more then 3 people will fail.
28183  Other / Off-topic / Re: Terrorist organization illuminati (aka The Bilderberg Group) scam exposed on: August 16, 2013, 01:09:43 AM
please remove this.. has nothing to do with bitcoin.

only proves what true tin foil hat people talk about
28184  Bitcoin / Bitcoin Discussion / Re: bitcoin.org a little scammy in... on: August 15, 2013, 01:31:08 AM
bitcoin.org is aimed at the noobs..people wanting to get into bitcoin, basically. wouldn't you find it more irritating that a site that teaches noobs would only list places that allow you to sell bitcoins.

once people go to bitcoin.org learn about bitcoin, BUY bitcoins etc, they start to get a grasp of the community to then know where to sell them or how to sell them.

the other point is that bitcoin is aimed at getting people to adopt bitcoin, not divorce bitcoin. So of course it will be more aimed at buying in rather then selling.

imagine it like many other things.. EG Apple Ipods. their website wants you to learn about them and buy ipods, yes many people already have ipods and want to sell them on to claw back some FIAT, but apples job is aimed at teaching people the new technology and get people to adopt it. once you become one of the cough elite apple users, you certainly start to find many ways of selling apple stuff just by asking around.

so dont cry that bitcoin is worded for noobs entering the economy, until you have made a complaint to many other new technology start ups that also don't make a big deal out of telling you how to sell your stuff.
28185  Alternate cryptocurrencies / Altcoin Discussion / Re: is it possible to use an ASIC to mine an Alt Coin? on: August 13, 2013, 12:02:31 PM
a bitcoin ASIC can mine any coin that is SHA256

a litecoin ASIC can mine any coin that is Scrypt

i have yet to see an ASIC that is released and being used that can do both
28186  Bitcoin / Bitcoin Discussion / Re: Your questions for a miner on: August 12, 2013, 04:15:50 PM
Uh. This forum is full of miners.  If anyone here wants to ask a miner a question, they can just— you know— send one a private message. Tongue

But hey, I can play along— for a miner that has an Avalon and mines on a 3% fee pool.  "Do you think you're getting $90/month per Avalon you have mining at that pool?"

i have a batch 2 avalon. i make more then $90 a month lol for me its near on a bitcoin a day. thats $90 a DAY!!
28187  Bitcoin / Bitcoin Discussion / Re: NY regulator memo: Notice of Inquiry on Virtual Currencies on: August 12, 2013, 04:11:00 PM
my reply.

DFS found millions upon millions of US Dollars related to drugs / terrorisism in the period from 2009-2013.

DFS found less then 12btc related to drugs / terrorisism in the period from 2009-2013.

Q)what terrorist problem do you refer to which are linked to 'virtual currencies?
1)the credit card thefts of US FIAT used in illegal activities by vandalising ATM machines to get card details.
A)bitcoin does not require ATM's

2)the millions/billions of currency used to buy weapons
A)so far NO bitcoin has been linked to obama selling weapons to enemies. bitcoin remains public property not government, which makes it harder for obama to cover up his war games.




28188  Bitcoin / Bitcoin Discussion / Re: How I use selling verve to fund my bitcoin addiction! Avg 3-4 bitcoins a month. on: August 11, 2013, 10:24:25 AM
you make money clearly by bringing people into the company.

robbing noob peter to pay president paul..

can anyone cough pyramid under their breath, i sure did when reading this
28189  Bitcoin / Bitcoin Discussion / Re: Investing into Bitcoin businesses on: August 11, 2013, 02:55:08 AM
i have invested into bitcoin businesses, directly and indirectly. the main lesson to learn before investing is to learn WHO your investing in.

many businesses can claim utopian dreams, or the next big product to revolutionise the world. but if you don't know the difference between a basement dwelling teentrepreneur sat infront a computer in his underpants... and a truly experienced business person who knows how to forfil on their proposals. then you should not be investing in people.

take the bitcoin island brain fart idea's that a few people have come up with.. they lay out a large investment cost to buy an island, and they tell you about the uptopian dreams of having library's courthouses, schools etc. but when asking about the persons own experience, you soon find out they have never layed a utility pipe or cable in their life, or a brick, or even a business plan.

the best investments are not those based on selling you a dream such as a private island. but selling you a reality such as a usable product for the whole community. this requires having a detailed business plan, costs not just of the basics. but EVERY aspect of the project, right down to the nuts and bolts costs.

i ask for ACTUAL address/ID information, and if travel is only a few % cost of the investment request they ask for, then i have and would travel to meet them.

even a skype call to see their so called office/working space can make the difference of buying in or not.
28190  Bitcoin / Bitcoin Discussion / Re: Captain (not so) obvious: most ASIC miners will lose money (and why it is ok) on: August 11, 2013, 01:21:09 AM
TLDR; Mining will eventually be a marginal business?

Isn't there some Satoshi quote saying just that?  Cheesy

Still, fun read Smiley

yep satoshi's mind was not on the thought plan that mining would be the only way to make money, but for people to open up retail businesses and make profits selling goods for bitcoin and keeping the profit margins.

just like the days of the wild west everyone was obsessed with gold prospecting and there came a point where everyone was getting angry that is was not longer profitable to get gold with just a pickaxe and a bucket.. yes some people moved onto dynamite and excavators. while the majority began selling products..

and that is the future of bitcoin... retail, not mining
28191  Bitcoin / Bitcoin Discussion / Re: New Bitcoin Exchange coming soon... on: August 11, 2013, 12:59:22 AM
Quote
Bitcoin Bourse IPO

Copyright © 2013 Bitcoin SARL & World Assets Managment s.r.o.

contact ( at ) thebitcoincompany.co.uk

wasnt the 'bitcoincompany' involved with a prepaid card scam a few months back. where a french guy was offering a UK debit card funded with dollars, on a very shady looking website?


edit
https://bitcointalk.org/index.php?topic=189119.0

ah yes now i remember, registration address was baker street, london(sherlock holme's neighbour lol) which is a POBox address. they were asking for 500BTC for a 5% share of company 'profits' not 5% of company ownership. making it truly easy for them to 'say' they only made 2 satoshi in profit in year one, giving no return to investors.

and lastly. for guys supposedly with decades of pre-paid card issuing experience, they seem to be using the most expensive card issuer that google provides on the first page of a google search of card issuers
28192  Bitcoin / Bitcoin Discussion / Re: Are there enough nodes online? on: August 10, 2013, 08:51:10 AM

I was looking at the list of nodes connected to blockchain.info

http://blockchain.info/connected-nodes

It says a total of 706 nodes are connected. Does that mean, right now, there are only 700+ copies of the blockchain online?



no this means that there are 706 nodes talking directly to blockchain.info.

each of those nodes also talk to other nodes.

here is a better stats page for the entire network of nodes instead of just the ones directly connected to blockchain.info
http://getaddr.bitnodes.io/
28193  Bitcoin / Bitcoin Discussion / Re: Old people, how did you protect purchases before widespread use of credit cards? on: August 10, 2013, 01:58:23 AM
The problem is there is no way to build common sense into a product, service, or system.

This is why passwords are hacked so frequently. Despite all the education, people want something easy to remember. So, they choose something easy to crack.
The only way to solve the problem is to force people to choose stronger passwords, which inevitably fails.. or to completely re-think the way authentication is handled.. something a lot of people are working on.

I think it is a similar issue with bitcoin.
Despite all the info out there, people are still getting bitcoins stolen and people are still getting scammed.. sometimes even by companies or people who seemed to have an ok reputation.

Unless a technical solution is found that does not rely on trying to educate people, it will hinder widespread adoption of bitcoin.


common sense arrives when the majority know about something and know enough to make educated decisions.. computers in many of the 'silver surfer' (gran and grandpa generation) are still new.

many people will develop their own ways of making lengthy passwords.

even if it is using a parents maiden name, a date of birth and a selected word all in one. then to make it different by adding in a part of the website address or something about the website.

EG
obama8461Potusbitcointalk - used here
obama8461Potusbitcoininfosource - used here
obama8461Potusmtgox - used at mtgox
obama8461Potusmakemerich - used at mtgox

those are obviously 'unique' lengthy passwords. which even if you knew all 4 parts of the information (well the website is easy to guess Cheesy) the order they are in makes it harder to guess on websites that only allow 3 attempts. this should be the basics of password creation for everyone, even those with memory issues
28194  Bitcoin / Bitcoin Discussion / Re: Old people, how did you protect purchases before widespread use of credit cards? on: August 10, 2013, 12:46:56 AM
What is this "common sense" old people keep talking about? And if it is so common, why do I never hear people like Kanye West or Snookie talking about it?

i know ur trying to trol now but anyways.. common sense is something you learn by living and thinking or something your parents teach you.. its not something that can only be learned watching youtube videos of celebrities..

but that brings me back to my statement about the teenage armchair activists. as you can usually spot them due to all the'facts' they spout out seem to have come from you tube videos
28195  Bitcoin / Bitcoin Discussion / Re: Old people, how did you protect purchases before widespread use of credit cards? on: August 10, 2013, 12:19:39 AM
back in the day it was about reputation and common sense.. something the teenage armchair activists of bitcoin spenders don't have.

the number 1 general rule was:
dont post to a P.O. Box, always find their actual business address.

the same goes for bitcoin, if your a legitimate company selling legitimate goods then there is no need to hide behind PO Boxes
28196  Bitcoin / Bitcoin Discussion / Re: freecashsoftware com scam on: August 10, 2013, 12:09:22 AM
Anything with cash in it's name is usually an indicator of a scam.

I knew it is a scam but I was curious to know if it is a stealer or just a scam that asks me politely to give them my money. I just visited the page (btcrobot com is where it forwards me to) in a virtual machine and with this lengthy video and design and stuff it feels much more like a regular scam but I'm still scared. VM restored snapshot and yeah, I'm scared something creeped out of the vm thanx to full desktop integration.

from what i can see the freecashsoftware.com site is just a video intro.. no hidden downloads of viruses etc. and from the video it appears to be a give me your bitcoin and ill trade it on the micro ramps/dumps (day trading)

this doesnt prove if it is a scam or not.. but if you have ever come across pirate@40's sales pitch, you would easily start smelling something fishy here too.

remember bitcoin is YOUR money, in YOUR possession. so don't give it to people with the pretence that they can give you profit back. because that is what banks have been telling 'savers' for many decades.

and if you decide to risk it. atleast know exactly who you are dealing with, so that you can slap then with a wet fish or a court order if it all goes wrong.
28197  Bitcoin / Bitcoin Discussion / Re: a new way to beat the banks on: August 09, 2013, 11:46:19 PM
What kind of bank is that?

Normal banks don't allow any modification to their contracts, and you can't print the contract yourself. Then a scanned document doesn't look like an original... I just guess Russian banks have lower standards than in the Western world.

it is fraud to alter a contract AFTER signing and try claiming it as the original, and yea banks don't like/allow changes to contracts. but anything wrote on the paper that is THEN signed as being fully read, understood and binding.. becomes a contract.. so the banks should have re-read the contract or refused to sign the 'copy' version. making it their own fault.

it is also helpful to customers when these 'contracts' are initially called credit 'agreements' meaning that there has to be some negotiation or agreement on BOTH parts. and not just a one sided 'policy'.

and these days scanned documents can look exactly like the original. after all its only text. its not like its a photograph. im not sure what 600dpi scanner you still run, but these days with high res' scanners and even scan-to text (ocr) software like the free bundled abbyy software most scanner come with, can make a perfect duplicate of a document.

things have come along way from the days of photocopiers that leave a border line down one side.
28198  Bitcoin / Bitcoin Discussion / Re: "Bitcoin is REAL Money" Says Federal Judge- NBC News on: August 09, 2013, 11:03:11 PM
ignoring NBC's report which is a diluted form of the actual information..

BITCOIN is a CURRENCY. it is not money (government owned FIAT) so it wont be taxed direct, so relax about this point.

but it does atleast validate that bitcoins are a valid possession used for trading. this is like people trading gold for items. or how prisoner's trade cigarettes to avoid butt-rapes.

so if you have ever been duped into a scam, don't think of it as someone stealing money from you, but stealing products from you which you only gave them on the pretence of getting it back

this means just like loaning someone a lawnmower or your TV for a week hoping to get it back, if they dont hand it back then you CAN take them to court. because bitcoin is now a legitimate item and not a mythical/mystical thing with no value.

i would also highlight that you treat them as a item in its own right. and not something of a dollar value. because of this reason:

if you say you gave $1000 of bitcoins to pirate@40 in 2012, you will only get back $1000 (if pirate had any assets left to give anything back at all, that is)
but if you say you gave 100 bitcoins to pirate@40 in 2012($10/BTC), you will get back 100btc or a value to support repurchasing those 100BTC at the time of the courtcase meaning you would get nearer $10,000 (again if pirate had any assets left to give anything back at all)
28199  Bitcoin / Bitcoin Discussion / a new way to beat the banks on: August 09, 2013, 07:18:10 PM
just read this story, and got inspired.

http://now.msn.com/dmitry-agarkov-outwits-russian-bank-by-writing-own-credit-card-terms

knowing that a contract once drawn up can be amended by both partners. and the final terms are agreed when both parties sign. it is legal to alter terms BEFORE signatures are signed.

so what terms would you add to a credit card contract to benefit you

.....0% fee's
....10% payback (in bitcoin)
....all repayments in bitcoin, if the bank refuses to accept bitcoin then debt is reduced to zero.

add your own thoughts
28200  Bitcoin / Bitcoin Discussion / Re: Congressman Thomas Massie: "We can replace the FED with Bitcoin" on: August 09, 2013, 05:58:25 PM
forking bitcoin if it becomes legal tender would confuse things, and if its legal tender then the fork would become fraud as its copying the exact same features of the legal tender.

the true solution if bitcoin became legal tender is, litecoin.

i personally prefer bitcoin to be a mainstream currency, but not a government owned currency. to work along side FIAT but not be FIAT
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