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41  Economy / Trading Discussion / Re: Main factors influencing the price of Bitcoin? on: October 15, 2013, 09:59:43 PM
Cost of mining is important factor - electricity costs and current network speed; currently new miners with massive hashing power only increase cost of mining for old miners, but new miners hold their bitcoins, thus enabling old miners to increase the prices. No significant change in supply/demand. Market prices do not just depend exclusevly on demand and supply.
42  Economy / Speculation / Re: Why the sudden price rise? on: October 15, 2013, 09:37:52 PM
New 28nm asics are increasing total hashing power drastically, which drives the cost of mining up for old miners. New miners are not yet cashing in, old miners are selling at higher prices to pay for electricity. So the bubble will burst when new miners start to sell coins.
43  Bitcoin / Group buys / Re: [CLOSED] KnCMiner Shares ฿1.05=5GH/s *Merged with new HashFast GB [CLOSED] on: October 15, 2013, 08:59:21 AM
So, it is 10/15 and we have not got our miners yet.

We are all doomed Sad

Network speed is incredible, last 6 blocks mined in 10 minutes: from 263805 to 263810!
44  Economy / Economics / Re: 'Dollar valueless, about to crash' - World Bank whistleblower on: October 10, 2013, 11:52:08 PM
Can you paste summaries? Some people in this world could not open youtube.

Transcript:
http://rt.com/shows/sophieco/world-bank-us-shutdown-820/
45  Other / Politics & Society / Re: Swiss to vote on 2,500 franc basic income for every adult on: October 10, 2013, 08:30:28 PM
Yes, things cannot be the same. Maybe there will not be Starbucks in Switzerland. But there might be, for example, small local caffes and restaurants where people (owners and workers) will work because they just like it. If there was a need for a place to hang out with my friends, I would open something like an Irish pub, for example. But my motivation for that would not be strictly to profit (or to break even).

A 100 of such caffes and restaurants are just as good as a 100 Starbucks.

Different scenarios are possible, but "nothing will matter anymore"? There are things that matter unrelated to making profit or accumulating wealth... yeah something like Star Trek (why is it so hard to acknowledge that maybe people like to work if you let them work what they like?).
46  Other / Politics & Society / Re: Swiss to vote on 2,500 franc basic income for every adult on: October 10, 2013, 03:23:46 PM
This is nuts. Surely there's no way the Swiss would be foolish enough to fall for this.

From what I read elsewhere, the basic income is meant to be unconditional. Which means passing this would have immediate, drastic and far-reaching consequences.

Many people would quit working immediately. More would follow over time. Meanwhile, should the taxes on the rich be raised to provide for this, they'll start to leave (or just move their money elsewhere and live off their "entitlement" themselves.) Should taxes be raised on banks or financial assets, money will flee Switzerland, and depositors will start preferring Austria, the Cayman Islands, or any other place with banking laws similar to Switzerland but with fewer fees. The impact on the work ethic and general mentality of the masses will be absolutely corrosive.

This is something I would have thought would come from The Onion, not from an actual Swiss legislative proposal.

But I guess it's proving the point: democracy can only last until the populace realizes they can vote themselves largesse from the treasury.


They are not planning to immediately give 1,800 - 2,500 francs per month. They will most likely gradually increase the amount from zero to 2,000 while decreasing other social expenses.

People who work shi**y jobs for low wages will quit (consequently, such jobs will be paid more). People who are just afraid of losing job (but still like it) will be more relaxed and creative, which will benefit them and their employers in the long run. People who are currently not productive can start their own business. It is more freedom to everybody.

The basic premise here is that people (if they have some basic income) want to work, and that money is just not important for most people after some amount (I was told that in some research somebody even found the figure, but I don't have the source). This means that attractive jobs (attractiveness not being measured by earnings) will be less paid than today, while unattractive jobs will be paid much more. Number of volunteers will increase vastly. A teacher will have the same wage as a garbage collector. Still, the most wanted skills will be rare as they are today and people possessing such skills will earn about the same amount as today (adjusted for possible inflation).

Not many people would just sit at home all day watching TV. They would soon get bored. Watching TV after stressful day at work is not the same as watching TV when you are not tired nor under stress; just gets boring after a day or two. Everybody is lazy until brainwashed that being lazy is bad, so "work ethic" will mean something else: when you work, you will try to produce best quality (because you like what you do), not try to maximize quantity (because you are forced to).

I am not sure the above premise is true or false; people who push basic income idea think that it is.

It is assumed that total work output will be better with people relaxed and creative and willing to work (even counting in those who don't work at all). Consequently, it will be good for businesses.

It might be bad for some rich people if they tax them; some money will flee Switzerland, but nothing bad can happen (they can adjust the basic income - it is the simplest implementation of communist idea of redistribution).

Obviously you will have to be born in Switzerland or be a citizen for at least a decade or two to receive the basic income (so people will not be massively moving to Switzerland and be homeless there for a decade...).

Basically: if people are secure AND like to work AND majority don't care much about money, then communism is possible. I can't wait to see what happens (maybe the Switzerland will not be the first; but some other country will be).
47  Bitcoin / Bitcoin Discussion / Re: [ANNOUNCE] Android key rotation on: August 11, 2013, 06:00:31 PM
So basically, Google pulled a Sony...




So, this is the same type of attack as was Sony Playstation network hack (ECDSA random numbers not being random) - so you would expect that developers test their software for the same weakness, right?

AFAIK it is a relatively new algorithm chosen because of short signatures produced, so it might even get broken (even with working random number generators). Something should be done about that...
48  Local / Hrvatski (Croatian) / Re: Hrvatski on: July 05, 2013, 08:57:13 PM

Što ih je više u upotrebi to su manje vrijedni... 2500kn je već povelika investicija, ne znam tko bi to kod nas uzeo 'nako radi fore, jer se neće isplatiti nikad
49  Local / Hrvatski (Croatian) / Re: Hrvatski on: July 03, 2013, 08:58:57 PM
Ok niko nije ubra da je asic na slici upaljen u Splitu?

Hehe, gledao sam ja, vidim aero selotejp, metronet logo na papiru, šibice iz kioska, ali nisam znao da si i ti baš u Splitu...
50  Local / Hrvatski (Croatian) / Re: Hrvatski on: July 03, 2013, 06:58:18 PM
Nemam kreditnu karticu i neda mi se maltretirati preko banaka, ima li koji drugi način na koji mogu kupiti 0.8-1 BTC za HRK? Da mi netko proda ili nešto?

Eto, kao što sam rekao u prethodnom postu, možeš uplatiti običnom uplatnicom na bitkonan, ne treba ti uopće ni banka za kupiti BTC (naravno, kad ih nešto više bude na prodaji Smiley )
51  Local / Hrvatski (Croatian) / Re: Hrvatski on: July 03, 2013, 06:52:04 PM

Zašto ja to ne vidim na sajtu da može te domaće transakcije?

moze bez problema..
samo popuni deposit formular i sljedi upute Smiley



Nigdje ne piše da su domaće transakcije puno jeftinije, odnosno da je moguće običnom uplatnicom uplatiti kune bez provizije. Ko nije čitao ovaj thread neće ni skužiti da je to Hrvatski exchange Smiley
52  Local / Hrvatski (Croatian) / Re: Hrvatski on: July 03, 2013, 06:33:26 PM
DA!
samo posaljes na nas IBAN, u opisu account ..

samo popuni deposit formular i sljedi upute Smiley



OK, a obrnuto: prebacivanje HRK na bankovni račun, kolike su provizije? Piše na withdrawal stranici "Bank wire transfers withdrawals are charged with 0.05% fee, minimum fee is $14.00. Minimum amount for bank wire withdrawal is $50.00"? Da li se to odnosi i na prijenos HRK na tekući račun? Idu li depoziti/withdrawali automatski ili ih obrađujete ručno?


to je za international wire transfers
za domace transakcije samo 0.5 USD fixno fee..

bank withdrawal se obradjuje rucno



Zašto ja to ne vidim na sajtu da može te domaće transakcije?

moze bez problema..
samo popuni deposit formular i sljedi upute Smiley



Prošao mi je platni nalog od jučer, od uplaćenih 100kn dobio sam 17.07 USD (približno 98kn po Googleu), znači otišlo je cca 2 kune na proviziju, tako da je ovo jako povoljno u odnosu na strane markete.
Bilo bi korisno vidjeti u listi transakcija i depozite i withdrawale. Moram se prisjetiti prethodnog stanja računa u USD i oduzeti od trenutnog stanja kako bih znao koliko mi je kreditiran račun (i ne smije mi proći nikakav nalog, inače će mi biti već jako teško računati Smiley
53  Local / Hrvatski (Croatian) / Re: Hrvatski on: July 02, 2013, 08:47:22 PM
DA!
samo posaljes na nas IBAN, u opisu account ..

samo popuni deposit formular i sljedi upute Smiley



OK, a obrnuto: prebacivanje HRK na bankovni račun, kolike su provizije? Piše na withdrawal stranici "Bank wire transfers withdrawals are charged with 0.05% fee, minimum fee is $14.00. Minimum amount for bank wire withdrawal is $50.00"? Da li se to odnosi i na prijenos HRK na tekući račun? Idu li depoziti/withdrawali automatski ili ih obrađujete ručno?

edit - greške:
- lista transakcija ponekad nije ažurna na "Trade" stranici
- pod Account/Transactions krivo se prikazuje tip transakcije (Buy kao Sell, Sell kao Buy)
54  Local / Hrvatski (Croatian) / Re: Hrvatski on: July 02, 2013, 07:06:48 PM
DA!
samo posaljes na nas IBAN, u opisu account ..

samo popuni deposit formular i sljedi upute Smiley



Što da stavim u poziv na broj? prazno?
edit: nema veze, stavio sam id i u opis i u poziv na broj...
55  Local / Hrvatski (Croatian) / Re: Hrvatski on: July 02, 2013, 06:50:42 PM
naravno da hoce
napravis depozit u HRK , a mi to promjenimo u USD po PBZ tecaju ..i kreditiramo ti racun u USD



Da li to znači da radi i obični kunski hrvatski platni nalog, bez provizije od 80kn?
56  Local / Hrvatski (Croatian) / Re: Hrvatski on: July 02, 2013, 06:40:29 PM
Evo dragi prijatelji market je gotov...sa malim zakasnjenjem
isprike svima koji su cekali ..

mozete ga naci na www.bitkonan.com

pozdrav

Evo, ja imam jedan ask order Smiley

Hoće se moći uplatiti uplatnicom u HR? Hoće se moći trgovati kunama? Mislim, džabe nam hrvatski exchange ako i dalje moramo plaćati 80kn wire transfer (u popisu tarifa u mojoj banci stoji isti iznos za transfere u Hrvatskoj i vani..)
57  Local / Hrvatski (Croatian) / Re: Hrvatski on: May 03, 2013, 06:43:47 PM
Pozdrav forumu!

Treba uzeti u obzir da Amazon uskoro pušta svoj Amazon Coin, a znamo ko je Amazon. Dakle, long term ne vidim neku globalnu perspektivu za Bitcoin.

Koliko vidim, taj Amazon Coin nije uopće kripto-valuta, ili sam nešto pogrešno shvatio?

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