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3781  Bitcoin / Bitcoin Discussion / Re: How do you explain BTC to a friend or family member that has no idea? on: March 22, 2014, 02:30:40 AM
Throw salt in their eyes, kick them in the knee, steal their wallet, and scream "THIS WOULDN'T HAVE HAPPENED IF YOU HAD YOUR MONEY IN CRYPTO!"
3782  Economy / Trading Discussion / Re: How to prove Bitcoin transactions to a bank? on: March 22, 2014, 02:29:43 AM
Wow that is a going to be a difficult sell. Your best bet is to sell some bitcoins to cash and put them in an account in the bank. Then when you have closed on the house, convert back to bitcoins.
This sounds like a recipe for potentially destroying tens of thousands of dollars in wealth. If at any time during the process BTC spikes upward, OP has lost money. Not worth it imho.
3783  Economy / Service Discussion / Re: Popescu'd need not be a verb nor a discussion. All say aye.., say AYE!, "AYE!" on: March 22, 2014, 02:25:18 AM
Who is this Mircea Popescu and what has he done ?
My favorite poster here, easily one of the smartest and most crypto-knowledgey legends to ever grace this forum.

OP stinks of envy.

The Feds are hunting Mircea Popescu...
So what you're saying is that Mircea is a hero of truth and justice, than? I mean, if the fucking FEDS are after him/her...
3784  Bitcoin / Bitcoin Discussion / Re: The Bitcoin environment seems toxic right now... has it felt like this before? on: March 21, 2014, 08:27:03 PM
What if resistance is logarithmic?
What if AnonyMint is a bankster shill?
3785  Economy / Economics / Re: Full reserve banking with fiat using a block chain on: March 21, 2014, 08:25:43 PM
Full reserve banking with fiat using a block chain

Imagine a block chain acting as a ledger for a fiat currency such as USD or EUR.
Ye gods!!

3786  Economy / Computer hardware / Re: Cointerra TerraMiner IV for sale in the UK on: March 21, 2014, 08:24:36 PM
Scam.
3787  Bitcoin / Bitcoin Discussion / If Bitcoin had existed in 1930... on: March 21, 2014, 05:54:16 PM
If cryptocurrency had been around in 1930, Hitler would've never risen to power, and World War II never would have happened.



Think about it. It's money they're stacking, in case you were wondering. They want to buy a loaf of bread.

Just one more reason Bitcoin is good for the world.
3788  Bitcoin / Bitcoin Discussion / Re: If bitcoins were around in the '90s... on: March 21, 2014, 05:49:15 PM
If cryptocurrency had been around in 1930, Hitler would've never risen to power, and World War II never would have happened.



Think about it.

Just one more reason Bitcoin is good for the world.
3789  Bitcoin / Bitcoin Discussion / Re: Sean's Outpost Under Attack on: March 21, 2014, 05:46:55 PM
"It is dangerous to be right in matters where established men are wrong."
-Voltaire
3790  Bitcoin / Bitcoin Discussion / Re: Bitcoin insurance on: March 21, 2014, 04:19:39 PM
3791  Bitcoin / Bitcoin Discussion / Re: If Satoshi was a "genius", then why do BTC transactions take so long? on: March 21, 2014, 04:18:12 PM
If Michael Jordan was a "great basketball player", then why did he only score 30 points per game?
Thread has been won.
3792  Economy / Marketplace / Re: The EASIEST BTC you'll ever earn for free/ For Everyone. on: March 21, 2014, 04:15:00 PM
3793  Bitcoin / Bitcoin Discussion / Re: I'm From The Government And I'm Here To Help You!: New York To Control Bitcoin on: March 21, 2014, 03:54:27 PM

There is no possible endgame that involves the survival of fiat. It's already dead, the world just hasn't realized it .

But what do we do in meantime , before our coins appreciate exponentially , to make sure we feel like we are wealthy and winning ?   Grin
You do nothing. You wait for this equation to play itself out.



This is the same instruction I gave to friends and family when Bitcoin was $100. Few of them listened.
3794  Bitcoin / Bitcoin Discussion / Re: MtGox announce finding of 200,000 lost BTC! on: March 21, 2014, 02:10:05 AM
I suppose this is more evidence of mind-boggling incompetence at Mt. Gox. Imagine a bank (or any other company) just "losing" a quarter of their assets for a couple years.

Audits are a pain, but they are our friend.

This is exactly why regulation is a good thing.  It's funny how so much of the community wants everything to be completely free and unregulated until something goes wrong, then straight to the cops and the courts!  Can't have it both ways people.

I just wanted to stop by and say that I do not want it both ways. Keep your cops and your courts. I'll take full responsibility for my bitcoins, even if something goes wrong, thank you very much.
As someone who wasn't stupid enough to lose any wealth in Mt. Scam, i agree with this sentiment.
3795  Bitcoin / Bitcoin Discussion / Re: Interacting with fiat institutions [such as the SEC], a guide on: March 20, 2014, 04:41:23 PM
There's a very good reason why unregistered securities and scams tend to avoid taking US customers(or refuse to acknowledge that they do).
I'm assuming you mean scams OTHER than the federal reserve and the US banking industry, here?
3796  Bitcoin / Bitcoin Discussion / Re: Interacting with fiat institutions [such as the SEC], a guide on: March 20, 2014, 04:21:31 PM
The idea is to get them to do their job correctly, properly, legally, and well. Rather than lazily, ineffectually, and confusedly (as they have so far). And they will, basically because it's not up to them in any sense. It's the job.
I haven't been here very long, but you are rapidly becoming my favorite posters on these forums. This indicates a high probability of you being (one of) the most intelligent person(s) on these forums, FYI.
3797  Other / Politics & Society / Re: 2014 World Fiat Collapse? on: March 20, 2014, 04:16:40 PM
2-5 years would be my educated guess as a political scientist.
3798  Bitcoin / Bitcoin Discussion / Re: Mysterious Transaction to Satoshi on: March 20, 2014, 04:01:24 PM
Probably just spammers being cute.  These amounts are so small there's no reason to suspect anything nefarious.
This. Just some randos who want to be able to say "I sent Satoshi a satoshi! Herp derp"

/thread
3799  Bitcoin / Bitcoin Discussion / Re: on what condition can people have fath for bitcoin just like for gold? on: March 20, 2014, 03:58:44 PM
People trust on gold as it is time tested. Those who have faith in BTC are the ones who understands the protocol and hence know it's value in long term. I wont tell u why as that would unnecessarily lead to sudden price rise. It is buy time Wink
Hahahaha quoted for the MF'in truth. People either understand this technology, or they don't.

The ones who do have been - and will continue to be - richly rewarded for however long it takes fiat to finally die.
3800  Other / Politics & Society / Re: UK Banks - HMRC have the power to empty your account on: March 20, 2014, 03:57:07 PM
Hm you just need to make sure you own the private key to your account, because if you don't control the private key you don't own ...

UH, ONE MOMENT.

HOLD ON ...

SHIT.

BITCOIN USERS NOT AFFECTED  Cheesy

Anyone knowing the private key can come and empty your "wallet". And that's perfectly legal.

I think you mean Bitcoin users are VERY affected.
Sorry, let me clarify:

Stupid, inept Bitcoin users VERY affected.

Smart, competent Bitcoin users NOT affected AT ALL.

Tell me, oh wise one, if I store my BTC in a brain wallet, how will my government steal it from me?

How about if I store it in a paper wallet that I've buried in the ground somewhere?
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