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2981  Alternate cryptocurrencies / Altcoin Discussion / Re: [PPC] Free Peercoin Giveaway - Update Dec 5 - Still Active on: December 08, 2013, 07:53:57 PM
PJppCvntPPNALHmRiLiMX9rp8LqkLCGC1Y

thnx!
2982  Alternate cryptocurrencies / Altcoin Discussion / Re: [EZC] EZCoin Giveaway 1 EZC each on: December 08, 2013, 07:53:07 PM
ESCd59wWsTbBf4SZRvTzo3YMk126ASqKxR

Thank you!  Cool
2983  Alternate cryptocurrencies / Altcoin Discussion / Re: AsicCoin giveaway on: December 08, 2013, 07:52:05 PM
AFPQJBywZ9dkRZom9yYtpoLT4ZGzerFVpN

Awsome!!!
2984  Alternate cryptocurrencies / Altcoin Discussion / Re: FREE FastCoin Giveaway! on: December 08, 2013, 07:51:16 PM
fhgwggarYJiCVf4PTJbpZgtX2a1935YGa7

Superduper Thanks!!!  Cool
2985  Economy / Speculation / Re: Should I buy right now or wait? on: December 08, 2013, 06:50:38 PM
Buying bitcoin is always good. If it goes down when you buy who cares.
If you believe the thousands of percents gain in oncomming years then just buy and don't look back for a month or 3.
2986  Economy / Speculation / Re: It looks like $700 is the new $150 on: December 08, 2013, 06:02:18 PM
Just a few more day and we're going TOO DA MOON!!!!!  Grin
2987  Alternate cryptocurrencies / Altcoin Discussion / Re: [2,000,000 COL GIVEAWAY] Receive 1,000 COL for free/ On Cryptsy on: December 08, 2013, 05:12:02 PM
MeMeMeMeMe!!! Cheesy

w6YE94ePPdwhTT2BbtYBwo6fFJVaPJ6N2
2988  Economy / Speculation / Re: Borrowed $1,000,000 (1 million dollars) from my dad to invest in BTC (serious) on: December 08, 2013, 12:18:30 PM
And I'm a multi-trilionair

Proof:
2989  Economy / Speculation / Re: China banned bitcoin. When will it crash? Win 0.1 BTC on: December 08, 2013, 11:52:02 AM
China DID NOT BAN BITCOIN. You are right.
BUT BAIDU STOPPED ACCEPTING BITCOINS. If you can't see that there is an issue here then you are a bigger idiot than all of those that think that bitcoin is banned in china. No offence.

I think that has a lot more to do with specific implementation difficulties Baidu was having, and lack of interest among its particular customer base.  These preceded the bank news.

Is this bank stuff an issue?  Of course.  I just don't think it's as much of an issue as you think.

For a bank to adopt a new technology would mean developing new methods, procedures and IT instruments. These projects can take years to complete properly.
I believe banks will adopt crypto currencies but they need time to start and complete the necessary projects to get there. And they need to adhere to the laws if any exist.
If not laws need to be made first, we all know that can take years too.

As you can see alot of work has to be done, decisions to be made, financial structure reform, this doesn't mean the have permanently stopped bitcoin from succeeding it will just take a few years before they can adopt.
2990  Economy / Speculation / Re: Why didn't you sell? on: December 08, 2013, 11:46:32 AM
Because it's a bitch moving your money out and back into cold storage.
2991  Economy / Speculation / Re: Echoes of the past on: December 08, 2013, 11:44:37 AM
We're just entering the final stages as shown in this graph I got from reptilians whom have timetravelled back from the future.

2992  Economy / Speculation / Re: Memespeculation on: December 08, 2013, 11:41:10 AM

Is that Heisenberg in the back?
2993  Economy / Speculation / Re: So glad I did not sell on: December 08, 2013, 11:39:45 AM
Not sellling if there is a serious correction = missed opurtunity

Switching rockets whilst already flying to the moon == chance of failure.
Buy & Hold might miss another 90% profit but if your already making 38000% in two years why take more risk.
If you step out at the wrong point you could easily lose alot of money.

GREED WILL KILL YOUR ACCOUNT!
2994  Economy / Economics / Re: Why Bitcoin will collapse in price. on: December 07, 2013, 09:47:23 PM
You are just babbling and have not read the thread.
I have read the thread and you talk about "Governments have already effectively made it impossible for people to use bitcoin as a medium of exchange, as they expect taxes to be paid on bitcoin gains. Thus it cant function as a medium of exchange".
You say that not being able to tax bitcoin will kill it.
In my country we pay taxes on gold and even bitcoin so it is possible and in my country bitcoin IS a medium of exchange. In neighboring contries this is also true. America isn't the whole world you know.
We have systems in place for verifying that taxes are paid. If you buy a house or car beyond your means and can't explain where the money came from and haven't paid taxes you have a problem.

Quote
Thats why you dont have competition in medium of exchanges. Everybody using alternatives has to pay taxes on the medium of exchange! That obligation also kills any anonymity you might have btw.!
Bitcoin is an open system and not anonymous. If you use your bitcoins your identity can be associated.

Quote
No it will not change. Inflation is the most powerful way to tax. Inflation is only possible if government has control over money. Read your history.
LOL you do know that inflation makes money worth less? Inflation happens because dumbasses print money so they have more. This is not tax this is devaluation of money to make your debts less and income greater. Tax is money taken from the population, inflation is printing money or money losing value.

Quote
Not very convincing for the average joe who wants to either store wealth in gold or bitcoins. Again you say it cant be hacked but you overestimate your own intelligence.
I explain how it can be hacked and when it can be hacked. Did I say it cannot be hacked? I explained that banks are more vulnerable once the technology does appear.

Quote
Also address theses points for the average joe: 1) What if my money is outcompeted by a different altcoin? 2) What can I do with Bitcoin except dumping it on the next guy? Silver I like, I can touch it, its used in industry, it looks great. 3) I cant be sure that the limit cant be broken. I have no trust. 5) I rather choose something stable thats not a technology to store wealth over long periods of time.
Why do people put their money on bank accounts? Ow because they can smell and touch it right? What's the difference between money on a bank or in a bitcoin wallet?
1) What if the Euro outcompetes the Dollar? Ow that's happening right now ....
2) You can't touch money in your bank account. Money is paper with a promise on it also no intrinsic value.
3) You mean the 21 million coin limit? Other coins forked from the bitcoin have hit the limit and it works. Well the dollar has no limit since it's being printed by the thousands and this isn't something average joe has a problem with.
4) You can't count cos you missed 4 Cheesy
5) Yeah choose the stability of the dollar. Smiley

Quote
See you arrogantly assume bitcoin is the best way without ever considering that there are safer alternatives.
Did I say bitcoin is the best? No bitcoin is a good medium in it's first years of development. It will take time for stability.
Bitcoin has it's problems but atleast it's an open system so you can see every transaction.
You talk about safer alternatives, yes there are safer alternatives but what's stopping a bank from protecting your bitcoins for you?
Bitcoin has the possibility for being safe it will take time. Your comparing the first few years of bitcoin with hundreds of years running fiat money. You can't expect it to get to a mature level without going through a rough patch.
2995  Economy / Economics / Re: mBTC for more stability on: December 07, 2013, 09:13:19 PM
This topic made bitcoin crash
2996  Economy / Economics / Re: Why Bitcoin will collapse in price. on: December 07, 2013, 07:29:20 PM
Most govenments have banned hard-drugs .... look at the price Tongue
2997  Economy / Economics / Re: Bitcoin-DUMP IT! on: December 07, 2013, 07:24:45 PM
In two weeks time it will be > $1000 again Tongue
2998  Economy / Economics / Re: Why Bitcoin will collapse in price. on: December 07, 2013, 07:20:12 PM
What a load of BS in the TT....

1a:
What's wrong with paying taxes and why will it kill bitcoin?
A country must get taxes to build roads and run the country. Taxes system might need an overhaul but it won't kill bitcoin.

1b:
This will change once the government understands bitcoin and has new methods of getting taxes to keep countries running.
Not all countries limit the use of bitcoin so this is nonsense. I can still buy pizza here in europe with bitcoin.
Also bitcoin is volatile, maybe they are protecting their merchants and economy. If a company or bank loses 50% of their money due to the bitcoin taking a dive it can easily kill a company. Who says they're doing it to keep their money "monopoly".

2:
Is 1b in different words.

3:
Bitcoin can only be hacked if public key cryptography is hackable. This can be done once quantum entangled quantum computers become mainstream.
If this happens every bank on the planet can be hacked with ease.
Since the greeks hundreds of years ago people have tries to solve the factorization of big numbers. No one has succeeded since so it's safe if you use it correctly.
The fun thing is that a bitcoin account, when no money has been spent from it, is even more secure. You will have to be able to find SHA-256 collisions too to find the public key.
On the other side bitcoin hasn't been hacked but nearly all banks in the world have.
And we can easily modify virtual currencies to withstand quantum computers. Look at Quark-coin.

2999  Economy / Speculation / Re: Three weeks ago.. on: December 07, 2013, 12:06:43 PM
3000  Economy / Speculation / Re: I keep looking at the chart every 30 mins on: December 07, 2013, 11:59:30 AM
This is normal bitcoin fluctuation. Bitcoin can have 100+% fluctuations in small periods of time.
If something can climb >100% in a single day expect it to be able to do the opposite aswell.

Just keep your cool and don't piss your panties. Bitcoin will be back at new heights soon.
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