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3461  Other / Meta / Re: How to become a Mod? on: March 10, 2015, 07:27:16 PM
First, a need for a moderator is realized in a specific section, Theymos then looks over people's report history, as people who report posts and have a decent ratio of good:bad reports show that they understand the forum rules.  After that, he will contact the best candidate to ask if they would like to become a mod. If you choose to accept, you then have to pass a written exam. If you score high enough, then is on to the physical portion. All of the moderators circle you with oak planks and beat you about the head and chest. If you are able to stay on your feet after 2 minutes, you are then able to pass to the mental section of the test. We find the most infuriating people to assault you verbally. Keep in mind there is no holding back. If you have any shameful secrets, they will come out, and no one that you know or care about is off limits. If you have not snapped, you are a "Plebian" a "junior" moderator accepted into the circle who must triumph over a few more tasks before you are finally ready to get the Staff title, and become a publically known moderator. Each task is different, some times its as easy as fighting a lion using only non carbon based materials. Sometimes you have to break into fort knox (thats my favorite one), or maybe prove the existance of extraterrestrial life, or solve the world's monetary issues. Once done with your task, you will emit a faint glow, and your limbs are now able to grow back. You are now a full fledged moderator.

 Grin

Sorry I couldn't help myself, everything before the "If you choose to accept" is the real answer.

Thanks for the help? Now maybe I should report your post as spam...  Wink
Oh snap. You are just the kind of fascist pig the mods look for! lol
3462  Economy / Speculation / Re: Qualcomm funds startup to use Bitcoin for Internet of Things on: March 10, 2015, 07:13:14 PM
http://blogs.wsj.com/digits/2015/03/10/secretive-bitcoin-startup-21-reveals-record-funds-hints-at-mass-consumer-play/

Qualcomm's chips represent a large portion of the cell phone market.  They intend to bring their cellular chip technology to all manner of interconnected things, and use the Bitcoin blockchain to do so.


This could be one of the biggest stories in the history of Bitcoin.
We are seeing Bitcoin explode onto the global stage!
Bit_Happy, I think your on to something.  This looks like a new phase. If I'm guessing their intent correctly, they are creating hardware for the coming bitcoin economy. That's a big investment and vote of confidence over just accepting them for payment. It's all happening so fast!
3463  Economy / Speculation / Re: Is the blood on the street drying up? on: March 10, 2015, 06:03:14 PM
Great insights guys. And interesting reading.

Who knows? But It seems like the dead wood has been cut out and some sort or rally is at hand. My strategy is to run counter to the market, so while I'm happy to see a rally, crashes are my buy signal.
3464  Bitcoin / Bitcoin Discussion / Re: Bryce Weiner attempted to tip ISIS!? on: March 10, 2015, 05:42:34 PM
How dangerous could she be? She's just a little girl?

SPOILER ALERT:
She is damn dangerous!
3465  Bitcoin / Legal / Re: Is it illegal for me to sell my Bitcoins? on: March 10, 2015, 05:27:37 PM
Yes is the short answer. You need to be a MSB with a transmitter licenses in your state. You also need to file and do KYC/AML. This law may change if we stop fighting each other and engage with lawmakers. How much can be done to stop you or even discover your activity is a different question. But for the moment if you are caught don't try fighting your sentence. You will only lose more money to a lawyer.
3466  Economy / Speculation / Re: Is the blood on the street drying up? on: March 10, 2015, 04:24:02 PM
Hmmm, well as someone who only has about 7.5btc to my name I am holding tight for the long term...
Makes sense. It looks like it may go up for a while. If only we could know the future, then we could spend before the pop and buy back before the next ramp. 

i think that's a bad idea given that the historical ramps have been on the order of 10x. 

True. My hope (that is all it really is) would be for a flattening of the ramp to a slow climb rather than a boom/bust cycle. It may just be the way BTC works and a permanent feature?

i don't see any fast rise, it looks to me a slow climb, which is good, a really slow rise like 5-6 dollars per week, can't be achieved now, we need more adoption for that

my strategy is to hold for now, shorting now it's crazy, better to wait for a bit we will pass 300-350 easily
Yes. adoption is the key. The *problem is that speculators are not basing their price on utility. They are trying to guess future demand. That normally leads to overshooting the mark and inevitably crashing to correct.

*Since this is what speculation is, it's not really a problem.
3467  Bitcoin / Bitcoin Discussion / Re: Bryce Weiner attempted to tip ISIS!? on: March 10, 2015, 04:13:06 PM
Seriously though, doesn't it seem a little silly for a great and powerful nation to run in fear of a 17 year old child? Are we that fragile? Should I be packin heat every time I visit the grocery store? lol
I have worked training troops and a 17yo. is the scariest solider you will ever face on the battlefield. That is the prime age for a fighter to enter the fight. They are young enough to be excelent learners in good physical shape, and inexperienced enough to not recognize the danger of fighting. it's hard to know what a 17yo. is going to do next in a battle. They can't be counted on to play it safe. They might just foolishly attack and die, but kill you in the process.
There are thousands of kids like this currently fighting in Syria, Iraq, Mali, Nigeria, Sudan, etc...
3468  Economy / Speculation / Is the blood on the street drying up? on: March 10, 2015, 03:58:22 PM
It looks like some upward pressure is building and I'm not sure I like it. This rise is fast enough that it looks like another bubble. It would be better, IMO, if we saw a rise of $5-6USD per week. But whatever. For the moment I'm going to stop buying and move into a spending phase.
Remember the best time to buy is when there is nothing but pessimism and "blood on the streets". Now that we are rallying it is a better time to spend coins and take some profits. So the $230 bitcoin you bought last week is now super money worth more than what you paid.   

Or maybe you have another strategy? Do tell.
3469  Bitcoin / Bitcoin Discussion / Re: Bryce Weiner attempted to tip ISIS!? on: March 10, 2015, 03:46:37 PM
The law is quite clear on this. He could face years in prison for providing material support to a terror group. Since we are currently fighting them he may also face treason charges. The amount is not the issue, giving even a penny to dasch COULD result in a death sentence.

I think he knew that. It was his choice and now he will pay a huge, life changing price. If he was making some kind of political statement then he should do his time. If he is going to whine about how unfair the government is for punishing him because he is aiding our enemy... well, That little boy has a lot to learn about running with the big boys. They will teach him in prison. Or he can always go to the glorious Islamic State. That would also be educational.
3470  Economy / Speculation / Re: Sub $200 by Tomorrow on: March 10, 2015, 02:43:33 PM
Registering an account just to spread fud, i dont get it, do you get paid to post stuff like this? Im going to start believing in conspiracy theorists and such.
I believe there will be correction ahead, but this seams quite too soon, and sub 200$ by tomorrow? pff thats 30% of value,its impossible, even if u sell off every coin from the auction 2 times in a row.
Post from your main account, and post what u think, and not what u need, because this way u just get laughed at.

cheers

It looks ridiculous now. But there was a time when new users were so gullible that such threads could cause panic selling. I don't know who pays for these ops. But each day some new accounts are registered and they post FUD and nonsense until they are banned.
Anyone who trades on the opinions of others rather than their own careful research is likely to lose their money anyway. Why people would ever even entertain such obvious stupidity is beyond me.  Huh 
3471  Other / Politics & Society / Re: OBAMA: ‘IMPORTANT’ SECOND AMENDMENT RESPONSIBLE FOR HIGH HOMICIDE RATES on: March 09, 2015, 06:11:17 PM
Well, for all we know without the second amendment millions might have been killed by despotic governments over the last two hundred + years.
And the people killing each other do not have the right to have them now. Most of the murders in the US are criminals killing criminals.
3472  Economy / Trading Discussion / Re: Why Bitcoins are so expensive on Ebay? on: March 09, 2015, 06:01:45 PM
Ahh. I never knew paypal was so stacked against sellers. Crap.
PayPal is stacked against us all. Consider that if BTC catches on they are out of business. They have no incentive whatsoever to help if a fraudulent bitcoin sale goes through. It's better for them to say "You shouldn't have used bitcoin".
3473  Economy / Economics / Re: A noob question. on: March 09, 2015, 05:57:01 PM
Last time there was little movement when halving happened. It looked like the movement took place in the months before. So that it was factored in by the date. Generally you are spot on that a decrease in supply leads to a relative increase in demand. But if demand dropped by exactly half then one would expect flat prices.  
3474  Economy / Currency exchange / Re: Bitcoin exchange in Paypal on: March 09, 2015, 05:52:44 PM
Hello, I need to exchange 0,50btc. I need $ 150 to my account paypal. Only from people who have long been registered member to post comments.
You will also need to have been long registered member. It is the only way people are going to use PayPal. Even then you are mostly going to get attention from scammers. These transactions often end in fraud. Why not just use bitcoin to buy whatever you were going to buy with paypal? It will be cheaper for you.
3475  Economy / Speculation / Re: Sub $200 by Tomorrow on: March 09, 2015, 05:46:51 PM
If your not a troll, then let's bet! $200 or less in 24 hours from this timestamp and you win. Higher and I win. $20 worth of coin to the winner. 

Deal?

Well, if your so sure then you must be $20 sure. Let's see see you put your money where your mouth is. I'm good for it.
3476  Economy / Speculation / Re: Effect of Ulbricht's 50,000 Btc Auction on: March 09, 2015, 05:30:30 PM
It would not make sense to buy those coins at a 30% higher price and dump them at the normal price in the market. I am sure people who invest 13 million USD in the auction, and smart enough not to dump it right away

Common sense would tell that if the winner of the auction is paying higher than the market price, I don't think the guy will just dump it straight away to the open market. Somehow I have doubts whether the 30% claim is true in the first place. I mean with the money he has, he can opt to buy from different exchangers or even buy it in batches. What I think is that more likely the bidder might have won the auction paying at lower than market price.

You may be right about that. However the buyer at an auction is a different kind of buyer that uses the exchanges. (This is my theory). Exchanges are far to risky for an institutional buyer to use. They want to get $100K in one shot with no risk of fraud. A marshal auction is a very safe place to buy and that is worth a lot to a real investor. The big fish I know set up a private arrangement with a miner or look for a chance like an auction. They would not even consider sending money to an exchange.
3477  Other / Politics & Society / Re: Greece Proposes Using Tourists as Tax Spies to Fill Shortfall... on: March 09, 2015, 05:23:32 PM
Lol, that's crazy. I guess this is what you do in a place where even the cops evade taxes?
3478  Economy / Speculation / Re: Sub $200 by Tomorrow on: March 09, 2015, 05:07:51 PM
I would say "nice try" if it was a nice try. But, it was actually kinda pathetic. You didn't even show a chart with lines you scribbled all over it.

If your not a troll, then let's bet! $200 or less in 24 hours from this timestamp and you win. Higher and I win. $20 worth of coin to the winner. 

Deal?
3479  Bitcoin / Press / Re: [2015-03-09] Video: MIT Bitcoin Expo 2015 Day 2 on: March 09, 2015, 05:03:41 PM
I couldn't make it this weekend but this looked interesting. I'm going next year to check out what the smart kids at MIT are up to with their BTC. For those who don't remember, someone gave $100 worth of BTC to each of the students at MIT. Let's see what they come up with! 
3480  Bitcoin / Bitcoin Discussion / Re: What are some ways you can think bitcoin won't succeed? on: March 09, 2015, 04:57:44 PM
I was just thinking in my head about bitcoin and it's chances of succeeding of a major worldwide currency. I thought back to here about how many posts there are with bitcoin's success, what are some ways you can think of that will make bitcoin Not succeed. The most obvious in my opinion being a hack of some sort to the blockchain.

Too many to list but let me start...

-Bitcoin is too slow, it does not re-create the "cash" effect that CC's do have since you have to wait for confirmation.
Quote
I never wait for confirmation. I pay my bar tab and walk out the door? Even if I were buying a house I would not wait. The next day we can always figure it out if the BTC was not sent. Of course if your super paranoid you could wait a few mins.
-Most normal people don't want to wait for confirmations, let alone the 5-25 minutes Bitcoin can take.
Quote
Which is why almost no retailers wait for confirmation. And perhaps your not aware of this, but retailers wait 2-30 days for your credit card to confirm.
-Also, many want to have the feel of having a full coin or a bunch of them, really tough with Bitcoin.
Quote
And I want the feel of a $1000 bill and a full Oz. of gold. So what? This makes zero sense.
-If you spend $100 in Bitcoin it looks like you only have a dime in your wallet.
Quote
What? I don't even know what this means?
-Wallet don't tell you your $ value nor do they let you trade easily.
Quote
Um yes it does. Well, mine does. Some wallets might not calculate in dollars. Guess what? Most people on Earth don't use dollars.
-The 10 Minute block is too lengthy to make it fast enough to be currency.
Quote
This is the third time you put this in your list. And it still isn't true.
-There is not enough coins to become either national or global currency.
Quote
Oh boy, this is 101 level stuff. There is no reason to need more than 1 BTC to supply the worlds economy. Think of it like a pie. (there are no actual bitcoins). Even a tiny pie can be cut into a billion pieces. Your thinking of dollars. 21 million dollars is not enough because they can only be divided into pennies. BTC can be divided into billionths of a penny.
-Most of the bag holders in Bitcoin are either elitists or crooks, this leaves little for honest and regular people.
Quote
So you did a study? No you just pulled that nonsense from your anus. Let me guess you "invested" in a ponzi and now it's all gone? I have never lost a Satoshi trading bitcoin.
-Too many miners living off of Bitcoin; constant selling pressure.
Quote
This is also why gold has no value in the world. Gold miners just sell it!
-Too many big retailers too fast; constant selling pressure.
Quote
Sure. So now the problem with bitcoin is that too many people are using it too quickly?
-Lack of big serious buyers.
Quote
Where have you been? The sales now are bigger than ever before.
-Too many crooks
-Miner Greed
-The list goes on and on...
Quote
Well it goes on and on as long as you keep using the same bullet points over and over.
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