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361  Economy / Speculation / Re: 2016 will be a boring year for bitcoin on: December 29, 2015, 03:26:58 PM
The price is already recovering from the 400 dollar correction, in fact it just went up another 6 dollars by the time I read this thread and we are at 430. 2016 is bullish as hell and what you said sounds exactly like what someone that just sold would say.
362  Bitcoin / Bitcoin Discussion / Re: Nonsense on Slashdot on: December 28, 2015, 03:20:55 PM
There is an article on Slashdot which attempts to suggest that the core Bitcoin devs have bailed and started their own currency.

http://developers.slashdot.org/story/15/12/28/0515230/core-bitcoin-devs-leave-project-create-new-currency-called-decred

In point of fact, Decred was announced in April 2014, and the "devs" are the authors of btcd, a bitcoind alternative written in Go.

Looks like someone is trying to pump up their comatose altcoin with a misleading press release.



This is pretty insane. What have these Decred guys have to do with G Maxwell etc? The only guys that left to create their own altcoin is Hearn and Gavin, as far as I know the rest aren't considering the stupid idea of leaving and creating an alt. I think it's just more clueless headlines.
363  Economy / Gambling / Re: Is there any problem if we reveal our winning strategy in gambling? on: December 28, 2015, 03:17:27 PM
Some senior members told me that they never reveal their winning strategy in gambling. Because, it may make them to loss. Is it real?

Im only a casual gambler and not an expert, but as far as I know there are no winning strategies in pure gambling, you can talk about strategies in games like poker where skill is involved, but I don't understand how skill is involved in stuff like dice, slots and whatnot.
364  Economy / Gambling / Re: Asking the big rollers: Where do you get the money from? on: December 28, 2015, 03:15:15 PM
There are ordinary high-paying jobs in the range of 100k euros a year. Doctors, dentists, lawyers, engineers, etc. You can buy an expensive car or make big bets and you will still be frowned upon by other people for having too much money or spending too much money or whatever. Just improve your qualifications and stop worrying about what other people make.

100k euros a year is extremely high, pretty rare nowadays. And even then, expenses of living, assuming they live in a upper class area, is higher, so more money goes on there. At the end of the day it doesn't really explain how people are making bets of 25 BTC in a tennis match or stuff like that, you have to be really wealthy for this or just pretty crazy.
365  Economy / Economics / Re: How Much Of Your Tax Refund Will You Use To Buy Bitcoin? on: December 28, 2015, 03:10:30 PM
why you should wait for refund from taxe to use bitcoin isn't better to buy now and use those tax for the thing that you need to buy with your current money?, i think you can lose a good buy opportunity right now if you wait too much

Well you never know how long this correction will go for. Sometimes waiting a little bit might give you an extra edge because it may go lower, but if not, it doesn't really matter if you are here for the long term, since 100 dollar up or down is nothing.
366  Economy / Economics / Re: This is how 0.037 Bitcoins looks like in Venezuela on: December 28, 2015, 03:06:32 PM
If one could live well on $100 at a place like Venezuela, then I would definitely like to visit there as my earnings are definitely more than what they are getting in actual wages...
The cost of living is connected directly to the standard of living. It`s not easy to go down, at least I will not like that. As someone mentioned there is not safe and people who has more money needs to put more in security.

Quote
Good OP, hope to see Bitcoins used there completely and get $$$ vanished from there...

Actually most people that have money in Venezuela end up leaving the country because what's the point of living there if you can leave? The murder rate is the highest in the world, poverty is rampant, there are lines of people waiting for basic needs like milk, eggs and toilet paper, it's pretty insane. If I had money, I would just leave.
367  Bitcoin / Bitcoin Discussion / Re: brute force on Bitcoin Addresses - Video of the action on: December 28, 2015, 03:04:30 PM
So you're trying to steal other peoples bitcoins?

FYI its not fun its attempted theft.


This is not really correct. You could say that testing the network to see how it handles higher amount of transactions is an attack on Bitcoin, but doing this is actually useful to know the system's limits, and they are pretty good since no matter how much he brute forces he isn't going to get much out of it except a warm computer which may be useful in winter.
368  Other / Off-topic / Re: DO YOU HAVE 1 BITCOIN? on: December 28, 2015, 03:01:59 PM
I would suggest that you keep working hard until you reach the full BTC goal, everyone in this website should have at least 1 locked in cold storage for super long term holding. And having 10 puts you into the future elite pretty much guaranteed.
369  Bitcoin / Bitcoin Discussion / Re: Some one paid 1.0394BTC as fee for 2 transactions. on: December 28, 2015, 02:58:24 PM
Well, that transaction must have been processed fast as hell if anything. Maybe there's also the possibility that this was a rich guy just doing some testing on the network.
370  Economy / Speculation / Re: Oops Price is 425$ Now... on: December 26, 2015, 06:50:13 PM
Just idiots selling their Bitcoin to buy crap due the consumerist Christmas tradition. Once it's over, the sharks will come and get all of the cheap BTC, and by cheap BTC I mean low 400's.
371  Economy / Economics / Re: Reuters:"2016 could prove to be the year that the price of bitcoin surges again" on: December 26, 2015, 06:48:31 PM
I don't want to be a conspiracy nutjob but I must say that whatever reuters says seem to have a special importance, there are some interesting theories that say reuters is one of the groups commanded by TPTB and they tell what's going to happen, in a way. So if the guys on the top of the pyramid are bullish of Bitcoin im pretty sure 2016 will be really interesting.
372  Bitcoin / Bitcoin Discussion / Re: Bitcoin news - Dec, 2015 on: December 26, 2015, 06:43:55 PM
Hey where did you get that BIP47 will be ready to use in Dec 2016? I can't wait for that BIP, I think it's my favorite, I can't wait for it to be deployed, it's going to be the ultimate disruption when it comes to agencies trying to do blockchain transaction research, something much needed to improve everyone's privacy.
373  Bitcoin / Bitcoin Discussion / Re: Bitcoin Killer App? on: December 26, 2015, 06:37:35 PM
Bitcoin's killer app is money, but not in the developed world, but in the countries that really need an alternative way out to the goverment impossed currency. For now, this is not very attractive for the average person in the developed world, but in the future it will be. As in more trivial applications, I think the future of gaming and betting is on BTC, after playing that battlecoin game there is big potential there.
374  Bitcoin / Bitcoin Discussion / Re: Methods of growing your Bitcoin? on: December 26, 2015, 06:31:42 PM
I've found remarkable success in the past by chooising a promising alt, and holding it as long as it takes until it pumps, then decide when to sell. Maidsafe, Ethereum, Monero, or even Vanillacoin are coins that should deliver eventual big pumps. I think Litecoin is on this list too.
375  Bitcoin / Bitcoin Discussion / Re: Commonwealth Bank goes Ballistic on Bitcoin, one of the largest Banks on: December 26, 2015, 06:30:05 PM
I still don't see why this is better than, you know, a database.

for banks. its not for the benefit of the customer.. its for the benefit of the bank.

1. they can relax that their employee's cannot fiddle with account balances on a blockchain.. but can fiddle a database
2. they can sack alot of auditors, security teams, internal affair office workers. because their jobs are now redundant.
3. the validation method of depositing and crediting (block confirms) is so easy. sleak and effective compared to the old banking systems which need lots of checks and balances and double checks just to settle a transaction



All they want is cut loses so they can get a bigger paycheck, it's really perverse. They want to kick more workers, and instead of lowering fees on the citizens, they are going to raise their salaries. Anyone not using Bitcoin over this crap is supporting their evil plan.
376  Bitcoin / Bitcoin Discussion / Did Gmaxwell stop working on Bitcoin? on: December 25, 2015, 12:37:31 PM
I did read something somewhere the other day, about how Gmaxwell left for some reason. I would like some further details on what exactly happened.
The work by Gmaxwell is of the best i've seen in Bitcoin and I was very excited about confidential transactions, it shows he is one of the guys thats pushing Bitcoin in the right direction which is decentralization of nodes and better anonymity, it would be sad if he left the building so I hope he comes back stronger after a vacation. I refuse to believe the trolls really won the battle. We must fight till the end for this amazing project.
377  Bitcoin / Bitcoin Discussion / Re: Work colleagues laugh at me getting into Bitcoin on: December 25, 2015, 12:32:32 PM
I have been telling my work colleagues about bitcoin now for about 3 years and they still think its a big joke.  I dont care because i believe that some day i will be the one Laughing......  I think alot of it is people dont like things they dont understand and would rather make fun off it. 

So was just wondering has anyone else on here had similar experiences and how did you deal with it?   Wink

Let those people rot in their ignorance, that kind of people just cannot be saved, don't waste your time trying to show why it's worth getting on Bitcoin and how they can be pioneers by getting in now because those guys are part of the 99% that don't get it and the reason we'll be rich in a decade.
378  Economy / Gambling discussion / Re: How much can you earn with gambling? on: December 25, 2015, 12:14:26 PM
I prefer to gamble with altcoins if anything, since you can have some sort of reasonable expectation of the results, for example, in my mind, a coin like MAID is insanely undervalued right now, and it could easily minimum double your money in the next months. With actual gambling, it's another story and I can't never risk high money.
379  Bitcoin / Development & Technical Discussion / Re: Suggestion: Button that check/uncheck "send this transaction anonymously" on: December 25, 2015, 11:59:42 AM
Even though there are cameras in many shops... from you describe you are probably from the UK, so lets assume there are cameras everywhere that is not private. So, cameras everywhere, you pay cash. How exactly do they get your name? Cash is anonymous not because you cant get filmed while you use it, but because it has no record of who used it.

I don't know if that was the poster's original point, but one way in which cameras can destroy supposed anonymity of cash is the following:  Suppose you are an activist and want to uncover some illegal situation happening in a big corporation.  For that, you buy a camera you are going to install to produce video evidence.  Unfortunately, the camera is detected by the owners before you are able to retrieve it afterwards.  Police is now able to trace the stores in which such a camera has been sold recently (even worse if there's any kind of serial number involved), and may use the purchase information provided by the stores to get CCTV footage of you buying it.  No matter whether you paid by cash or credit card.

This is of course not directly related to breaking anonymity of the payment, but it does not matter in the end.  I am aware that such a process actually happened to animal-right activists in Austria.  Apparently police even raided some homes of people who just happened to have bought the same camera at a similar time and paid by card but were not involved in any activism at all.

Yeah this was more or less my point, the actual transaction may be anonymous, but it's pointless since there is evidence of the actual persons involved, which is even more revealing than using Bitcoin as it is today to be honest. If you have all the cam footage and authorities can have it of all places and angles, they can reconstruct your path and eventually find out who was involved, so the cash transaction would need to happen in physical isolation from any cameras which is just a pain in the ass for any normal person not doing anything illegal that just wants to remain anonymous.
380  Other / Off-topic / Re: How would you guys react if you guys lost 10, 000 bitcoin? on: December 25, 2015, 11:52:33 AM
To be honest the figure is way too high... I would probably lose my mind, knowing that there's no way I can make 10,000 ever again, and know that I could have been a potential billionaire in a decade if I held those 10k's.
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