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3061  Economy / Service Discussion / Re: How I Make $5,234Month With Bitcoin - No Trading & Mining on: October 25, 2015, 04:48:00 PM
If you download a couple of udemy videos for free (Which can be easily done in those websites where you can find direct links as you can search for a lot of hosting services at the same time, for example filediva.com and other) you will see that the videos aren't worth paying the amount of money the guys that do the videos ask for.
3062  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin 'real money' to you? on: October 25, 2015, 04:46:18 PM
It's the most REAL god damn form of money ever to be seen in the history of mankind. How can it not be real money? All other forms of money until now have been shit, now thanks to technology, we can finally make that ideal form of money true. The fact everyone using this yet it's because most people are idiotic sheep, so we will need one decade or two.
3063  Economy / Web Wallets / Is blockchain.info still good to go? on: October 25, 2015, 04:42:39 PM
This website is still my favorite when it comes to checking out if a transaction went thought or not simply because im used to the layout and find the colors nice and it's understandable. Can you still trust that the info shown here is up to date? because I remember some problems happened with this website in the pass.
3064  Bitcoin / Bitcoin Discussion / Re: Is a BIP38 secured paper wallet safe? on: October 24, 2015, 06:42:03 PM
There are actually tools out there that will allow you to come up with a stronge nough password where you don't need to be paranoid about someone ever bruteforcing this:

http://www.passwordmeter.com/

Use this. A 10 character password with some special characters, up and lower case and you are set. No one would crack a SHA256 pass like that.
3065  Economy / Speculation / Re: yay btc goes ~$250 ! on: October 22, 2015, 03:55:25 PM
For about 16 hours the price of bitcoin has been increased.
At the moment it is around +3 dollars which makes me feel a bit more happy.
I think that it is the moment now to change the tittle to "yay btc goes ~$280" Smiley

just because the price wen't up 3 bucks you think the price may reach $280? at the moment we'll probably stay around $260-$270 for quite some time.

Unlikely that will stay here at this range. It will either go up or down in my opinion but it won't stay at $270 level, that I am sure of!

If prices go up 300+ without staying at 270+ for some times then prices will surely come down because who ever brought less then 250 range they will start booking profits so prices will surely come down but if prices stays at 270 mark for some times and move to 300 mark then prices may not go back to 250 level.

Not if there is some constant buying pressure from somewhere coming that makes us rise more and more. If we hit $300, and then continue to $310, $320 and so on this can turn into a huge run.

I agree though that $300 is a huge psychological level that is sitting there as a mountain for 6 months already. Even when we were dropping, it took us a long time to brake this $300.

Things are starting to get heated up for the next halving, plus all the very insanely cool tech like sidechains are already seeing the first signs and you cant call it vaporware anymore. It's happening. The next 8 months will be crucial. I sense something big is due for june 2016. We must keep our eyes open.
3066  Economy / Speculation / Re: Euro VAT decision tomorrow could propel bitcoin (part of greater picture) on: October 22, 2015, 03:33:10 PM
EU decides it's money..
China says it can't / won't fight the technology that is bitcoin but accept it..

Boys.. we are entering the hope stage.

Well, it's not like they had any alternatives but to deal with it in a positive manner. It has been proven that if you try to fight Bitcoin, it will fight you back. If you try to ban it, people will just become more interested about it because of reverse psychology. And if you don't ban it, people will also become more interested on it because it's seen as something non threatening. In other words, Bitcoin cannot fail.
3067  Economy / Speculation / Re: Will BTC reach $300 this month? on: October 22, 2015, 03:31:15 PM
This 281 dollar peak has been a great boost of confidence in people that thought we would never reach anything like that again. We only need to cross 300 again to prove that Bitcoin can recover and double his latest floor. After this, the uptrend is due. It will only be a matter of time before "The Great Next Rally" begins. Until then my friends you better collect all of these cheap as hell coins.
3068  Economy / Speculation / How many tickets did you buy for this plane? on: October 22, 2015, 03:06:41 PM
https://i.imgur.com/lyHpRDO.gifv

How many tickets (BTC) have you managed to buy before the plane takes off? For how long have you been collecting tickets? For how long are you going to ride this plane before jumping on parachute? And what if you jump but the plane keeps going up and up until it goes to the moon?
Today was a great day, we hit 280. The price has corrected, but it's back to 274 and climbing. Can't wait to see what happens in the next 2 months.
3069  Economy / Speculation / Re: How much do you think 1 Bitcoin will be worth in 2020? on: October 22, 2015, 02:59:24 PM

i highly doubt the stable price would be 1k ,for that to happen it has to reach atleast 2k $ and i dont know the reason why you guys think the price will only increase ? 200~ is a dead stable price .

The block reward halving makes it increasingly uneconomic to mine. Some big miners have said cost price is somewhere around $150 and that's with free electricity in certain cases. By 2020 the block rewards will have fallen from 25 to 6.25 coins.

If the price is still around those levels by then it won't have caught on and there won't be any increase in transaction fees to subsidise the block reward. It would be on its way to curtains probably. It would still be possible to mine but there wouldn't be a great deal of incentive to do so.

By 2020, block reward would be just 25% of what we have now. Then there should be at least 400% growth in bitcoin price. It's just a mathematical calculation. But there are lot of factors which has more significant influences directly into bitcoin prices. So we can expect even 400 times appreciations also.

One factor you are mentioning is  price of electricity. in 2020 should be much higher then now. Higher electricity price will help Bitcoin price grow, or made less people mine it.

There is always going to be people on this planet that meet the criteria of a person that can make benefit from Bitcoin. Statistically there is always out there with a good price in their local area for electricity, that owns a good enough mining farm. I don't have any fear of lack of hashing power because of a potential raise in electricity bills.
3070  Bitcoin / Bitcoin Discussion / Re: Useful sites for every day Bitcoin spending (links and reviews) on: October 22, 2015, 02:52:46 PM
Check out Rakuten, they have Bitcoin payments for a while now, I have done some shopping and the experience was good. They are going to have a Halloween special where they will have offers. If you want something like a videoconsole or games or a smartphone I think they have good prices


http://www.rakuten.com/loc/Bitcoin/82406.html

3071  Bitcoin / Bitcoin Discussion / Re: Why is Bitcoin better that fiat? on: October 22, 2015, 02:31:06 PM
Low fees

The problem is that even if the transactions are low fees, if people need to buy the Bitcoins they get usually extra fees because they need to convert their dollar or euro into Bitcoin and back, this is frustrating. We need a real Bitcoin economy and this means payments in Bitcoin.
I hope that once "let a fee market develop" thing starts the fee isn't high enough that there are no incentives to use it daily, that would suck.
3072  Bitcoin / Bitcoin Discussion / Re: The biggest secret of bitcoin on: October 22, 2015, 02:14:13 PM
Your posting makes no sense at all!  Roll Eyes

I think OP must be foreign has a really broken English. He is saying that the max coin limit is not 21 million, which is not true. I don't understand his reasoning to disprove this.

The limit is hard coded to be 21 million. The only person(s) that could do this are the devs + enough consensus. It is a granted fact that if they tried to change the total supply Bitcoin would automatically plummet to the floor, so it's a non issue.
3073  Bitcoin / Bitcoin Discussion / Re: Pay for the companionship of a Supermodel with Bitcoin. All Money is Money! on: October 22, 2015, 02:10:33 PM
Wow, 1000 pounds for one hour? That's a lot of money. I'll consider it when BTC goes 10K per coin. But honestly, I wouldn't pay that amount of money unless I can see the girl's face, ideally a video to see how she looks like in movement (sometimes different from pic). I guess we working class peasants can only hope for BTC to make us rich in 10 years to access this kind of service.
3074  Bitcoin / Legal / Re: BTC is money on: October 22, 2015, 01:40:37 PM
Well you can Andreas if it is or isn't money. He has been living on Bitcoin for a while now. Member here called Elwar I think, it's also somehow living off Bitcoin. If you get paid in Bitcoin I guess it's really cool and convenient, not so much if you have to buy it. If you have to buy it, you tend to give it a use of more like gold, something you want to hoard, while you keep using fiat for groceries and whatnot.
PS: I still don't understand how taxes with BTC work.
3075  Economy / Service Discussion / What was the oldest ever signature campaing? on: October 20, 2015, 07:28:27 PM
Just curious to see what were the rates back then when the first signature campaing business apparead and people started working for them. I wonder what the rates where. It must have been something ridiculous where you could make an entire BTC in a matter of hours or something. Or maybe they came late enough so that to make 1 BTC you would already need a lot of time and effort like you need now? Im just curious to learn about the most early rates when the price was really low.
3076  Economy / Economics / Re: Why Satoshi Nakamoto WON'T win a Nobel Prize on: October 20, 2015, 07:26:19 PM
I do not think that identity is not a concern for a noble prize as many people had won noble prize after their life also. So, may be noble prize would make Satoshi to unveil himself to the world. I'm very much ken to know him for his dedicated work for the financial world.

I don't think Satoshi would care enough about the Nobel Prize to come out to be honest. He seems to be to me, the type of character that needs 0% of validation and recognition, just doing what they like to do and watching it work and be a success in the shadows is enough. And he already got the money as well, so given those facts, he many never come out from darkness again, I think he is done with even posting on forums for life.
3077  Economy / Economics / Re: How too get rich on: October 20, 2015, 07:24:23 PM
Buy or develop your own time machine and go back to 2008 and mine BTC on the computer at your mothers house in the basement

Be an entrepreneur.  This is the only way.

To be an entrepreneur you need a lot of money first. To make your business a success you are going to need effort as well, and a lot of good luck as well. In some countries being an entrepreneur is simply mission impossible unless you are already relatively wealthy enough to face an unfortunate result with your venture.
3078  Economy / Economics / Re: Who's using Bit-x exchange? on: October 20, 2015, 07:22:44 PM
The forced 2FA authentication is a doubled sword. It sure helps with accidents where you may lose access to your account but let's face it, it's pretty annoying to check your phone EACH time you log in! And let's the face the fact that most people don't have any relevant amounts of money on the exchanges for a long time, so being quick benefits us or at least me.
3079  Economy / Speculation / Re: I will not Die Untill Bitcoin will reach at Least 50K on: October 20, 2015, 07:09:04 PM
Reaching 50k is a pipedream.
Not a possibility unless all other forms of currency are obliterated.
But one can only dream.

This is bullshit. We only need less than 1% of fiat money to be inside the Bitcoin ecosystem and if you do the math, the price would be on the 6 figures.

https://www.youtube.com/watch?v=g2nXgK34HIM

You are just a victim of normalcy bias because you can't think beyond what we see now as real possibilities. But I don't blame you, this is normal, and that's why it's always a few taht make it big.
3080  Bitcoin / Bitcoin Discussion / Re: This Might Sounds Strange: Bitcoin Violates the Principle of Money Fungibility on: October 20, 2015, 06:33:47 PM
And you can distinguish bills from their serial number.

Fiat money is fungible by law.
That is the only way to make items that can definitely be distinguished by the population (physically speaking for cash notes) fungible: enforce it by law!
This has always been the case in all fiat systems since this historical affair with the bank of Scotland in 1748: http://www.paybits.net/blog/why-fungibility-matters/

Now if you have a decentralized system such as a cryptocurrency, law is of no use. The only remaining way to obtain fungibility is therefore that items are indistiguishable. So we have: privacy <=> fungibility. QED.


Indeed, but what can be realistically done about this? You are either have full anonimity (something like Monero) or you have pseudoanonimity (something like Bitcoin). Is there something in between at all? It seems that unless you go 100% anonymous (or as anonymous as possible) by default, then you will not have a system that is as fungible as possible.
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