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381  Economy / Gambling discussion / Re: Do small investments make sense? on: February 21, 2017, 07:16:59 PM
When we think about investments we imagine investors with big sums of money, so for btc casino it would be 1 or more btc, for instance. However, the minimum amount you can invest is usually 0.01btc which is only 10$. Do you think such investments are profitable but you earn small sums or maybe they don't make sense at all? Can someone explain it to me?

Speaking for investments I think that you don't mean ponzi schemes. So even though some can earn a few satoshis it's an investment. If someone wants to earn more, maybe could be better to trade with altcoins. But is a good experience without anything to worry you. Hence, if someone wants a bigger profit then why not try with bigger amount?
382  Economy / Economics / Re: Why are Venezuelan not switching to Bitcoin? on: February 21, 2017, 05:49:15 PM
The situation in Venezuela is getting more and more worse. CNN is closed and many bad things are going on.
Forbes released an interesting text about why Venezuela's currency crisis is a case study for Bitcoin. Worth reading.

The government of Venezuela does not want their citizens to use bitcoin because she cannot control them. Bitcoin means freedom and their president will lose his chair if Venezuelans escape from the shackles of this worthless and undervalued local currency that is, bolivar. I don't know if after a while the situation will be the same like as in Zimbabwe where 1USD=35 quadrillion Zimbabwean dollars.
383  Economy / Economics / Re: My bank account's got robbed by European Commission. Over 700k is lost. on: February 21, 2017, 06:52:03 AM

-- snip--

Cyprus was a fiscal paradise with low regulation and tons of dirty money, that's precisely why this happened.


Really? where did you read this very good and deep financial analysis about 'tons of dirty money' and 'fiscal paradise'? Do you know any other worldwide paradises? What can you say about the Virgin Islands and the Luxembourg? 

   The causes of the crisis in Cyprus is largely due to the political treatment by the Cypriot government. In the election campaign in 2008, the president Christofias promised to conduct an expansionary fiscal policy through social transfers, which cost about 3 bln euros during a five-year term; it was the equivalent to 33.5% of the Cypriot GDP.
  Moreover, one of the major problems of the Cypriot banks were the unregulated lending, which was given for years and exceeded the needs of the Cyprus market and the strength of the economy.
  The other major problem was that the Cypriot banks holding Greek government bonds to an extent disproportionate to the size of the Cypriot economy (worth around 6 bln euros). A significant share of responsibility for this matter has the European Central Bank (ECB), which allowed the commercial banks of eurozone members to concentrate to such an extent distressed government bonds.

384  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin be used by ordinary citizens? on: February 20, 2017, 04:56:47 PM
Bitcoin is usually used by people interested in technology. I mean, persons with a certain technical knowledge are interested in bitcoin.

My observations are that way. I think Bitcoin needs to reach larger quantities. Can use bitcoin in people who are not interested in technology?
Can people use the bitcoin in the profession group like tradesmen, teachers, housewives, firemen, butchers? Are we going to see the days that these people use bitcoin?

first there needs to be some place they can "use" bitcoin at. if we want to talk about usage. then if there is a place to use bitcoin just the way there is a place to use credit card, even if "regular citizens" don't understand the technology behind bitcoin they can use it with their phone Apps, with their third party services that make it easier and so on.

Merchants are pretty happy to accept bitcoin as payment if and only if their customers will demand on it. On the other side bitcoin technology is easy for everyone who want to learn. People learned to use facebook, and instagram why not learn to use bitcoin? If they don't can stick with favorite inflationary fiat money and let the technology to overtake them.
385  Bitcoin / Bitcoin Discussion / Re: Op-ed: Impossible to de-Chinalize Bitcoin on: February 20, 2017, 03:41:21 PM
I agree with supergenics. People try to fit Bitcoin is terms they can deal with. I fact i think people in general will find problems. If you look hard enough you will always find some kind of X-lization, just so you can demand it sw-x-lization. Whether it is a country or a region with to much hashpower or one entity (like a mining pool) spread over the whole world with to much hashpower. Only if you are the one with the hashpower you seem to have no problem. To a certain extent these awareness is good and healthy, but do not overdue it.  

The way I see it the author wants only to say that even though the continuous and aggressive efforts of the Chinese government and bank (PBOC) to deter their citizen to invest and trade with bitcoin in the substance will not accomplish anything like as with the Russia when banned the bitcoin transactions with Localbitcoins in 2014. Therefore, with this way he expresses his rage and anger towards the local authorities.
386  Economy / Economics / Re: Central of the Philippines Recognizes Bitcoin on: February 20, 2017, 10:26:59 AM

--snip--

Exchange like coins.ph have issues too on where you get your Bitcoin.  If they found out or traced that you get your Bitcoin the illegal way, or in a shady way, they will freeze your account.  Or if you have a numerous shady transaction.  There is some inquiry in Coins.ph thread in Philippine Local Board about his relative's account being freezed.  Same way how the BSP wanted to implement a more strict compliance by Exchanges like Coins.ph, Rebit.ph etc. on AML/KYC.  They even implement a submission of yearly report of theses exchanges.

It's not strange for me. There are and other exchanges too, like as Coinbase which follows the same policy that is tracking how their users spend their bitcoins not only for illegal activities but to gambling sites too.
387  Bitcoin / Bitcoin Discussion / Re: India’s Central Bank is Against Bitcoin as Legal Tender on: February 19, 2017, 05:46:33 PM
Now isn't that a step backwards? Isn't India trying to regulate it's bitcoin exchanges like the Philippines is trying to do now?

I would like to say that India follows the China steps. Both of them are the countries with the biggest population in the world and even though Indian rupee is not like yuan as far as it concerns the bitcoin it seems to me that they follow Chinese's policy. On the other side as far as I read from the same article in Philippines the government accept bitcoin to be recognized as a valid payment method. There are many members in this forum from Philippines so could share with us their view about bitcoin regulation in their country.
388  Bitcoin / Bitcoin Discussion / Re: WHAT HAPPENS AFTER THE NEXT BITCOIN HALVING on: February 19, 2017, 02:04:09 PM
Was reading an article online which lead me thinking to what will happen after the next block halving> http://www.bitcoinblockhalf.com .
I know Bitcoin has a limited supply, so does that mean when all bitcoins are mined there will no life after this time or we shall rely on the available coins to keep circulating or we all have to migrate to the next best altcoin ?

Now bitcoin has a relatively stable price of around $1000 because of the last year halving,i guess.
I don`t really care about miners and their rewards.The worldwide quantity of bitcoin is more than enough.

I am pretty sure that you don't know how bitcoin works. Do you believe that quantity of bitcoin gives strength? Why not take a bag of Zimbabwean dollars where 1USD=35 quadrillion Zimbabwean dollars? Bitcoin has value because many people all over the world believe that it has. And as currency must have some properties where one of them is that would not be counterfeited. Without miners bitcoin network is not secure. If bitcoin looses its trust between people then will be a worthless software code like as we called it as shitcoin. So miners and devs and nodes and normal bitcoin users are very important in the bitcoin ecosystem where anyone of them has his own position, and distinct worth.
389  Bitcoin / Bitcoin Discussion / Re: Bitcoins Everywhere? Not yet... on: February 18, 2017, 11:07:36 AM
If we want to see bitcoin accepted everywhere we need to eliminate some problems first:

- there is no enough network capacity to process all transaction in case of major adoption spike
- using bitcoin is still problematic because you either need to use an exchange or will be limited to very few "direct buy" options
- bitcoin adoption is at the moment 99% online thing, how many brick and mortar businesses accepting  BTC do you know?

Up to a point I agree with you but there cities somewhere in the world where are so bitcoin friendly someone maybe could live without the need of fiat. This one is Arnhem in Netherlands. A more interested user can read this interesting topic in the forum
390  Economy / Economics / Re: Bitcoin is no longer a currency on: February 18, 2017, 08:04:07 AM
Bitcoin was never a currency, most of people use bitcoin as an alternate and anonymous payment method without higher transaction fees while others used bitcoin as an investment.A currency is backed by bank or solid collateral but with bitcoin there is nothing like this.

I just wanna know, if bitcoin is not a currency, and your saying its an alternate and anonymous payment. Isn't the usual things most happened the real currency we used was our country money is being used too in any mode of payment. I don't see any differences between the bitcoin and a real currency. As far as I know they are both useful in anonymous payment.

Really? you can't find any difference between bitcoin and fiat money that which you call it as real currency? Any fiat needs third party entities(banks) but bitcoin not. Is it the same? On the other side bitcoin is anonymous? Bitcoin is only 'pseudonymous' .
391  Other / Beginners & Help / Re: [Overview] The one thread to link them all on: February 17, 2017, 07:55:14 PM

1. https://bitcointalk.org/index.php?topic=1596316.0
2. https://bitcointalk.org/index.php?topic=1045967.0

I found these topics interesting because the first one refers to PoW altcoins and the second to ICO Projects and Crypto Platforms. Both of them are self moderated by the same OP and are being updated regularly. Looking at your list I didn't find something like the above topics and as I saw in your ToDo list you want more altcoin material. If you believe that would be important for the altcoins section then add it in your list.
392  Economy / Economics / Re: Why have Bitcoin instead of cash? on: February 17, 2017, 07:01:24 PM

--snip--

Yeah! Security is one of the great reason but not the most prominent ones. It is indeed possible to secure any type of money if corrective measures are taken! But still Bitcoin has clear edge over cash in sense of anonymity offer, decentralized (no boss, I am the owner of my money) and low fees. Such features define Bitcoin as newest form of money.

I agree with most; but the anonymity unfortunately is not one of the features that may have the bitcoin and usually people they refer to it as 'pseudonymous'. Of course anyone can use some different and known ways like as different addresses for each transaction or a bitcoin mixer, if he trusts one of them, in order to stay anonymous but in general is not an easy task.
393  Economy / Economics / Re: You should never trust banks on: February 17, 2017, 05:38:08 PM

--snip--

In cases of death, as you mentioned, the bank account will be kept active for a year or so and the sibling of him/ her will collect the money stored in the banks. However, in case of bitcoin, how will those bitcoins be recovered and the only option to recover bitcoin is through private key and the dead person cannot tell the private key. Maybe we should think on how to tackle this problem.

As I see it and the law provides there is the possibility, the deceased have a will to a notary or a qualified attorney and he has kept the private key for example in one piece of paper in the deposit box of a bank. Hence when he dies his heirs can use this key according to the wishes of the deceased.
394  Economy / Economics / Re: China and price on: February 17, 2017, 03:53:40 PM
I think China want to keep the price below 1000 US Dollars I think to stop their citizens from using it after all tax from using yuan is the main source of income of the government and if the people stops using that they would have lesser income. Maybe China also wants to buy cheaper bitcoin because many Chinese are money minded and as well as their government, and they see bitcoin as a good thing to invest too so they try to make the miners and traders in China dump their coin.

I don't believe that PBOC cares about bitcoin's price more than yuan devaluation. The only thing it wants to stop the outflow of local currency abroad. Of course they try to manipulate bitcoin claiming that is used for illegal activities because it is considered as the digital gold and most Chinese feel confidence to invest on it.
395  Bitcoin / Bitcoin Discussion / Re: I'm about to create a wallet and I have a couple of very basic questions. on: February 17, 2017, 03:24:09 PM
btw I just installed Electrum, I created a standard wallet, got back a 'seed' to store on paper and then... nothing. Electrum won't start.

I un-installed it and re-installed it and still, when clicking on it, it kind of starts, I see for a second the task icon on my task bar, and then it's gone. This under Windows 7 with the standard installator. I'm not getting a security feeling about all this.

I have a blockchain.info as mobile and online wallet and an Electrum as a desktop one. My OS is Win7sp1 like yours and I have not face any problem with my electrum. I don't know what is yours when you state that does not start. Maybe if you post your case in this subforum which deals exclusively with electrum posts someone could help and answer to you.
396  Economy / Economics / Re: How much are you willing to pay in fees for a Bitcoin transaction? on: February 17, 2017, 09:44:51 AM
It's a complicated issue but for a transaction which has size no more of 350 byte that is with 2 inputs and 1 output I would be comfortable with 1 dime for a fast confirmation; taking into account the today's price of bitcoin. But if the transaction size increases, because of more than 2 inputs then it's fair to pay more than this amount. Thereafter, with nowadays price about 35-40 satoshis/byte is a good price for a fast network confirmation.
397  Bitcoin / Bitcoin Discussion / Re: How did you first hear about bitcoin? on: February 16, 2017, 04:50:48 PM
A friend of me introduced bitcoin as an earning source when I was in additional need of money other than the regular earning from monthly gross income. This helped me to learn more about it and little by little explored more about the truth behind it as a technology. Now making regular saving in bitcoin as well involved in small scale trading.

Even though we live in the internet era as I have read many of the posts of this thread I was surprised that most of the people learned about bitcoin from a friend or a relative and not from internet. The way I see it it shows that the news by word of mouth is still alive.
398  Bitcoin / Bitcoin Discussion / Re: Stick to bitcoin on: February 16, 2017, 04:23:15 PM
Seeing this kind of coin I am really sure that I will only stick to bitcoin; Moreover I didn't find anything about the involvement of Rotschild Family except a thread in a forum but I can't believe that is reliable. So like as someone above already posted is a coin with a very limited buying interest so why anybody would like to trade with it?
399  Economy / Economics / Re: How many Bitcoin do you have saved? on: February 16, 2017, 11:38:42 AM
It's worse in my case, I'm trying very hard to meet both the ends meet and still I've got only 0.1btc with me, which every day I think of spending or gambling. 
The only solution is to stop gambling, you need to resist that temptation and focus on saving bitcoin. It maybe boring while saving bitcoin but think of the future more, once the value will continue to increase, you will be getting more than what you are expecting.

Very well said bitcoin can give you profits beyond your expectations so the best thing would be to save them for the future as price will continue to increase giving you best possible results and gambling will lead you no where and you will loose whatever you have and you will regret on it in future when you will see higher price of bitcoins.
Saving bitcoin does really worth since we could able to tell or see the potential of bitcoin on near future.Yes,we should save up because profits will be surely be there if bitcoins price would rise but we cant still be sure since the risk of crash or price dump is still there.

The way I see it only saving bitcoins is not the best way to make a profit in the future. Nobody can assure you what will be the bitcoin's price after some years. Maybe the only way after trading, if someone is an experienced one, is only to buy/sell goods and services asking as payment bitcoin.
400  Bitcoin / Bitcoin Discussion / Re: [2017-02-06]5m RMB money laundry case concerns altcoin exchang compliance on: February 16, 2017, 08:48:30 AM

--snip--

Money laundry is a convenient excuse.

Of course PBOC, will try to find any cases just to excuse all of hers movements to traders that is, why she wants to regulate the bitcoin and at the same time she is trying to look globally that she is friendly with cryptos and especially with bitcoin.
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