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anyone thinking that people cant understand more than 2 names for currency.
well:
a cent, penny,
5cents, nickel, jefferson, half-dime
10cents, dime, Roosevelt
blah blah blah
dollar, buck, greenbacks, washington note, 1-note, a single, a bone
5 dollars, 5-note, 5-spot, 5-bucks, lincoln
10 dollars, 10-note, 10-spot, 10-bucks, hamilton,
blah blah blah
you getting the picture?
in most cases names are not given for micro amounts, gold fiat, commodity's in a top down perspective. they given names in a bottom up.
thus i think the accountants and nerds can stick with their "micro"/"ubit" rationale. whilst average joe public can cope with the "bit"/"finney" nicknames.
Most of your various names for various kinds of dollar bills have the number of dollars that the bill is worth (the names are also very rarely used). The other names simply have the name of the person who appears on the currency so anyone who has previously used it would know what you are referring to. |
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You need to understand that over the long run you will not win. You also need to understand is that if you are deep in a hole your chances are even greater for failure as you need to beat the odds just to break even
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f you bought at least one Red Bull between January 1, 2002 and October 3, 2014, the company owes you a $10 check or $15 worth of free Red Bull Products. It’s all due to a $13 million lawsuit the beverage company has decided to settle with Benjamin Careathers. Careathers, a Red Bull drinker, claims that the drink maker misled him and other consumers with its slogan “Red Bull gives you wings.” He says the company advertised some of the benefits of drinking Red Bull include increased performance, concentration and reaction speed. Of course, none of this was ever proven or backed up by scientific evidence. Bevnet.com quotes the lawsuit as determining: A 7 oz. cup of drip coffee contains approximately 115 to 175 milligrams of caffeine, depending on the blend, and a 12 oz. serving of Starbucks coffee costs $1.85 and would contain far more caffeine than a regular serving of Red Bull. An 8.4 oz. can of Red Bull contains 80 milligrams of caffeine. To claim your $10 cash refund, all you need to do is register online at the link below before March 2, 2015. Again, you don’t need any proof of purchase. See the link for further details. http://energydrinksettlement.com/claim(Edit: looks like it's only for US residents. blah) From the site: The www.energydrinksettlement.com site is experiencing a high volume of traffic. If you have received this message, please return to file your claim at a later time. The claim form deadline is March 2, 2015. It looks like too many people are trying to take advantage of this.....maybe too many loan scammers are trying to take advantage of this |
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jobs didnt have the brains to design bitcoin. He was a visionary and great speaker / ceo but always left the nerd work to the smart people.
This is not true (at least the last part of your statement). He was very smart, significantly above average intelligence. He was able to design apple computers when there was nothing to go off of. I would be surprised if it would turn out that he is satashi as at the time his apple stock was worth billions of dollars and much more then what he could have imagined that his bitcoin (from satashi's mining) would be worth in his lifetime |
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The people involved in this forum earn money by running scam ads designed to defraud newcomers to Bitcoin. Michael Marquardt (Theymos) gets the money and apparently pays some of the moderators. However, they have several $million due to the appreciation of Bitcoin and the donations made from the early days. I believe he stated that the funds are being saved in case they have legal expenses due to all the stuff they do which is highly questionable from a legal standpoint.
Why should it be up to the forum to determine which ads are for scams and which ones are legit? I can guarantee you that there was not conclusive evidence of most scams that were executed on here prior to the scam being brought to light. There is also likely some evidence of legit businesses of being scams prior to them earning a reputation. I get the feeling that you want the forum to have a higher standard as to what they will accept as advertisers so the price to advertise will go down so you can advertise your own business |
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I have no idea why would people be willing to invest in a site run by a person like him.
People invested in a site run by a person like me. It's only a small stretch from there to imagine them investing in a site run by a person like him.  I think you were the reason (or at least your reputation) they were able to get so many people to invest in them. You had run JD so well and for such a long time that people almost assumed that someone running a dice site as DB with few issues for a short period would automatically be trustworthy. They had a good sized bankroll prior to you getting involved (although this may have been "fake" aka their own money) and their large bankroll attracted others to want to join EDIT: the solution would be to reopen JD EDIT2: roughly how much were you able to make from running JD? I am sure it was enough so that it would be worth it to leave Canada |
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who the hell is Charlie Shrem?
he's a bitcoin early adopter who has been under house arrest for some time for selling bitcoin to be used on silk road. Im not under house arrest nor is that true. I am guiltyplead guilty for aiding and abetting an an unlicensed money transmitter business. FIFY |
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Hey Bracek,
Please email me your Bitcoin address and I will take care of this. Ive never scammed anyone and dont intend to now.
You have my phone number, email, address and everything. I wish you would contact me that way instead of making "charlie shrem is a scammer thread"
@Bracek - Since you are all about being so public about things, why don't you say publicly why you did not pick up the phone and give him a call? There are many other ways to get ahold of someone other then PMing then on here and opening a scam accusation. He has said many times that you have his contact information but all your response is that you want "your" money. IMO you are being unprofessional and greedy |
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the amount of shills and spam and fud is still enormous. it's hard to filter.
This is the case throughout the forum in various forms. It is not going to go away. It is forum policy to allow for people to express their opinions even if others think it is nothing more then FUD. |
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This is a very interesting economic theory. Generally speaking, most merchants will sell the bitcoin they receive as revenue ASAP. This creates some level of selling pressure. When people repurchase the bitcoin they have just spent they will create some level of buying pressure.
I would think that as long as merchants offer some level of discount for buying with bitcoin then this behavior would lead to increasing bitcoin prices (people would buy the fiat equivalent of the "base" purchase price, causing them to buy more bitcoin then they spent
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"-Miners typically need to sell their coin immediately as they have invested in equipment that expects a return"
Can someone please clarify for me, in layman's terms, how the investment a miner makes to acquire a coin is any more at risk than the investment a trader makes to acquire a coin? Once the coin is in your wallet, the relative return on that coin, once sold, is identical for both cases isn't it?
Miner: Spent $10 on equipment costs, $90 on power and cooling, received one Bitcoin worth $100
Speculator: Spent $90 on some exchange, $10 on fees, received one Bitcoin worth $100
Why are these two individuals in any different situation once they have turned their non-coin assets into coin? Up until the moment the coin landed in their wallet, their pre-coin assets could have performed wildly different to each other. But once they have been converted to coin, they perform the same? Or am I making the mistake of thinking miners do not see themselves as speculators but as something like 'manufacturers' and are thus not using disposable risk capital to set up their operations?
The risk the miner is taking is when they buy their machine. They attempt to ROI on this investment by pocketing the difference between the cost of running the machine and the value of what the machine is able to produce |
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Digital goods are vulnerable to piracy and copy.
Unless someone solve the piracy issues, the market will not be able to support the artist and author.
Maybe people making digital goods could invent something similar to DRM? Oh wait they did.... There are plenty of ways that content owners can manage their digital content |
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I agree. In terms of the potential uses for bitoin, it has been a great year. The same is true regarding investment in bitcoin related infrastructure. I am not so sure about your price predictions though. If the price is increasing too rapidly then people will not want to spend their bitcoin which would hurt it over the long term |
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This is typical ban story for Bitcoin. China ban bitcoin, no they don't. Russia ban bitcoin, no they don't. China will ban bitcoin, better sell now, no they won't. Just achieve this. If they want to ban bitcoin, let them do it.
It was just FUD so others could buy in cheaper and then sell more expensive. It wouldn't be reason to panic anyway. Russia is very hostile towards bitcoin. They like to keep a very tight control over their economy and people. It is just the culture of government. I would not consider this to be FUD. |
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Most people dont see the reason why they should invest in btc because they are clueless about the incoming fiat crisis.
Yea, I am not so sure about this. People don't invest in bitcoin because it is still very new and it's future is uncertain, and there is not an "incoming" fiat crisis. The public does need to use and spend bitcoin in order for the network to survive over the long term |
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I don't think it consumes that many CPU cycles! Sure, it does consume them continuously, but merely verifying transactions isn't that processor consuming. I guess people like the idea of Bitcoin and like to be part of it, support it, and thus can also be proud of its success.
I agree. Not much CPU. But ram and disk space. yeah. Right now it's taking up 24,6 GB (one of the folders) of space for me. I have 4x4TB configuration. How is this a lot of disk space? The RAM usage was less than 10% at any time. I think the disk space by today's standards is very small. By 5 years ago standards it would be a lot. At the rate the blockchain is growing and the rate that HD capacity is increasing the blockchain size will never be large in terms of possible hard drive space. |
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arbitrage - people make profit via the different exchange spreads, bigger gap = bigger profit so gaps close quick.
It takes long to transfer BTC. These changes happen very quickly so it can't be arbitrage . Sometimes there is always a gap in prices. E.g. There was a time when Bitfinex was always higher than Bitstamp by a few dollars. If arbitrage was the answer then why that gap? If someone already has both fiat and BTC at two exchanges then they can potentially buy BTC on one exchange and sell it on another without needing to transfer bitcoin from exchange to exchange. |
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I think anyone in this kind of situation would have taken any chance they had to get themselves a lighter sentence even if it meant pleading guilty. It seems this was the case and I know many of us if put into the same situation would have taken the same decision.
The government (both federal and state) tends to charge people with very serious crimes with harsh potential punishments and then offer a plea deal in which they get a very minor sentence. It almost always makes sense to plead guilty unless you can prove your innocence as it is too much of a gamble to go to trial. |
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I play poker on facebook with my friends.
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Play Starcraft all the time. It is an old game though.
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