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341  Economy / Economics / Re: Why doesn't everyone match the US debt level? on: February 16, 2016, 06:55:08 AM
Perhaps some of your difficulty in understanding what is going on is that you are ascribing "the US" and "China" as real entities capable of action or intent.  In fact they are labels that real individuals and actors capable of action use as shields for various purposes.  This is well discussed by e.g. Buckinminster Fuller's books describing "England". 

I agree with you, USA China are two huge, heavy balls rolling down their trajectory and nobody, not one person can make change to it. Because they are both too big, way to big.
I always think a safe world should divide USA and China into smaller countries. My thinking will make myself a criminal in both countries.
342  Economy / Economics / Re: The Crash of 2016 (Speculation & Discussion Topic) on: February 16, 2016, 06:48:45 AM
I wanted a topic to discuss the ongoing crash of 2016.  The other Economic Devastation topics have become too cluttered. 
 
The premise of this topic is that this is not a blip, and the crash happens this year.  Personally, I think this recent movement upward will be short lived and the real catastrophe will happen in March.  But perhaps I will be wrong.  Let's discuss how long it will take us to recover from the impending devestation, *if* we will recover, and what effect this will have on cryptocurrency.



I don't get your chart, in your chart, SP is going up to over 2500 with  lot of details in the graph.
How you generate this chart, speculation or are you traveling back from future,
Thanks
343  Bitcoin / Mining speculation / Re: is bitcoin profitable in India? on: February 16, 2016, 06:38:59 AM
by rate of electricity compare to foreign is btc mining will profitable here or not.and if profitable then how much compare to other while i could make firm on foreign.

India doesn't have reliable power source, it is hard to running a 24x7 miner in India.
344  Bitcoin / Mining speculation / Re: Build small Mining for experience BTC on: February 16, 2016, 06:09:26 AM
I would start with raspberry pi, since you have more chance do hand on stuff.
Learning something is your goal, not actually make the return.


Thank you for your input, this is very helpful.
I will try this myself report back.
345  Bitcoin / Meetups / Re: Does anyone here go to Bitcoin Meetups? on: February 16, 2016, 02:25:39 AM
never been to one of this, The first time I bought from localbitcoin, the seller gave me direction to a meet up. we did exchange and I left before the meeting.
346  Economy / Service Discussion / Re: Coince - Too good to be true ? on: February 15, 2016, 08:39:54 PM
I have been burned by mining investment more than once, my advice is stay away.
People tend to think this one is difference, but they are not.
Buying bitcoin and put them away is the best strategy.
347  Bitcoin / Mining speculation / Re: Build small Mining for experience BTC on: February 15, 2016, 08:20:13 PM
I would start with raspberry pi, since you have more chance do hand on stuff.
Learning something is your goal, not actually make the return.
348  Bitcoin / Bitcoin Discussion / Re: How much would you pay per month to run a full node? on: February 15, 2016, 07:31:57 PM
Is it posible to run a full node in pi? I need a external usb drive.
Computing power wise and power wise, raspberry pi is feasible.
349  Bitcoin / Bitcoin Discussion / Re: Bitcoin in Deadpool on: February 15, 2016, 05:25:31 AM
So recently (today) I was watching Deadpool. It's that cool ass movie that just came out. So at that cool little bar in the movie that Deadpool hangs out at there's something in the upper left corner that I barely noticed. It's a sign that says "Bitcoin accepted here". After seeing that, my jaw dropped. Bitcoin just made it into pop culture! It's pretty awesome seeing this in such a popular movie! Pretty awesome stuff.

Hope year 2016 mark the return of bitcoin. The price has been depressed for a long time now, too long.
350  Bitcoin / Bitcoin Discussion / Re: martin Shkreli loses 37,000 bitcoins (10 transactions = $15 million) yesterday. on: February 15, 2016, 03:12:02 AM
This guy made so many head lines these days, I will not trust anything about him or anything from him.
351  Bitcoin / Bitcoin Discussion / Re: Where do Bitcoins Came from? on: February 13, 2016, 06:52:46 PM
there are so many important news from the member who replied to this thread..but i have a question,is there any chance to reach the btc price again $0.001 or $10,000 in the next 5 years?

Probably stay in between. Unless there is a run in Euro/US dollar or Chinese RMB. I mean like Euro collapse or Chinese currency collapse. One day you woke up, Europe is in war, people run to bank, withdraw Euro and bank says a person can only takes 200 Euro a day. Or maybe Chinese bank takes tight control of their currency.
You see , the price of bitcoin is controlled by wellness of other currency ...
352  Bitcoin / Bitcoin Discussion / Re: A real bitcoin miner looks like this! on: February 13, 2016, 06:44:01 PM
LOL, I learned that miner not only provide comfortable heat, but also white noise.
In  a noisy environnent, white noise is a way to combat the annoying sound.
353  Alternate cryptocurrencies / Altcoin Discussion / Re: bitcoins successor on: February 13, 2016, 08:45:19 AM
So far, nothing comes close to bitcoin. Bitcoin is the king, and only king.
354  Alternate cryptocurrencies / Altcoin Discussion / Re: Double-top on ETH, looks like she's done, put a fork in her... on: February 13, 2016, 05:54:46 AM
ETH probably the most popular alt coin now, there are so many discussion about it.
355  Alternate cryptocurrencies / Altcoin Discussion / Re: The Ethereum Paradox on: February 13, 2016, 01:07:30 AM
Something not feasible in the long run doesn't prevent some special interest group from pumping and dumping it. Remember Dash was once traded at 25 dollars. If you have ETH, it will be good to take some profit around 10 dollars, then some at 15 dollars, just don't marry to it.
In my case, I don't own it, and I probably will not own it in the future.
356  Alternate cryptocurrencies / Altcoin Discussion / Re: The Ethereum Paradox on: February 12, 2016, 07:57:56 AM
Ethereum is a system of redundantly executed code, a general purpose CPU mirroring the functionality of the worlds most inefficient botnet without parallelization.  Unless blockchain scaling is either huge or infinite, the validation and redundancy of simple transactional data, which Bitcoin attempted to solve in a distributed manner, is far more useful in a cost benefit analysis rather than open ended computational redundancy.  In other words, Bitcoin is an ASIC for a specific purpose, and struggles to fulfill that role even with a streamlined design.  Ethereum, on the other hand, has introduced an objectively less efficient design to try and conquer even more problems.

Such a design would obviously be dead on arrival out of the gate barring any other factors being introduced.  This is where partitioning comes in.  A partitioned network allows load to be split in order to scale further.  Here comes the paradox.  If the entire purpose of Ethereum is a system of redundantly executed code, how does partitioning even fit in the picture in the first place?  I guess you can say, ok, we're arbitrarily defining how much redundancy is enough, but how do you actually determine that?

As you can see, Ethereum is effectively useless without partitioning because it relies on scalability far more than Bitcoin does, while Bitcoin is struggling to achieve any scalability itself.  When you see Mike Hearn talking about using Ethereum as an OTC derivatives settlement, that functionality will be non-existent without partitioning.  The load carrying capacity would be far too small and fees far too large to do at scale.  It will be a case of centralized services vastly outperforming decentralized ones.  Who cares if it's trustless if it costs 10,000 times more?

Transactions can be bundled in Bitcoin without much of a side effect in order to scale, while bundling computational redundancy in Ethereum would defeat the purpose of it existing at all.  This is in addition to the fact that nobody has successfully deployed a partitioned cryptocurrency in the first place.  Fuserleer has been working on one for years and has been unable to release something.  IOTA is about to release.  I haven't dug through it enough myself, but Anonymint claims it's doomed because it will rely on centralization for convergence.

In summary, through bundling or even just plain on-chain transactions alone, Bitcoin can just barely reach functionality of an internationally used currency, at least justifying it's market cap.  Ethereum operating as a "world computer" is an obvious stretch of the imagination.  Since they issued an IPO money grab for their coin supply, I think most investors will already be considering the coin a failure if it has to dilute investors to infinity by leaking mined coins forever.  No actual secure PoS network has even been invented so far, so the coin needs not only one, but two cryptocurrency firsts in order to be considered viable - a valid PoS network and a partitioned network.  In order to even think about touching Ethereum, you're basically required to ask yourself, is Vitalik an order of magnitude smarter than Satoshi?


This is very insightful. I just withdraw my orders to buy ETH.
Over the year I realize smaller promise will deliver something useful, huge promise always end up  going nowhere.
357  Other / Off-topic / Re: Earning a living with bitcoin? on: February 11, 2016, 05:24:20 AM
i was in this position of earning basically a living with bitcoin with signature, when i was doing 2 btc monthly, you can compare it to a part time, not exactly a full time

but it was awesome to earn directly in bitcoin like you do in fiat, with not all the hassles about fiat earning...

This is very nice of you can make that much. It will be good if I can do the same.
If I make one post a day, It will be 3 years I can cross 1k mark.
What you said is very encouraging to me.

no, it's not possible anymore, unless you spam the board with multiple account, i guess in that case it's doable, but highly susceptible to a ban, form both mod and manager of the campaign

Thanks for the information, I will make sure I smile to my manager tomorrow or the rest of the life. I will also polish my ass kissing skills.
358  Bitcoin / Bitcoin Discussion / Re: Donald Trump On Bitcoin? on: February 10, 2016, 04:34:12 PM
Did he ever say anything about bitcoin? any link quote?
359  Bitcoin / Legal / Re: Bitcoin Circle Tax Question on: February 10, 2016, 04:30:13 PM
Anything less then $600, doesn't need to showing up in your tax return ...
I took a HR block class, the instructor said so.
They are after big fish, not tiny tiny $6.

You need to ask for a refund. They were wrong.

There are no limits for capital gains reporting in the US. Every $1 gain should be reported.

The $600 common misconception is the limit at which a business needs to issue a 1099 form. Nothing to do with gains.


I think you are right, a person has to report all his earnings. Thanks for correcting me on this.
360  Bitcoin / Legal / Re: Bitcoin scam charges made against companies in US on: February 10, 2016, 05:37:56 AM
For example, if you open an account with a broker, and broker bankrupted, to some extent, your money is SIPC insured. If this is a 401k account, insurance amount is up to quarter million. If I invest in a cloud mining firm, can I expect some amount is insured and backed up by somebody ...
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