from pov of security i was thinking about creating a 2nd NXT wallet. Is that possible and can you run both from same PC? Hope the question makes sense. I'm a little nervous about having all my NXT in just one place. TIA for any advice  sure you can just hit 'refresh' on your browser, and make a new passphrase. Then you'll see the new account number, and just start using that. -bm |
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there is a very strong buildup of buy orders for NXT on Bter right now... -bm
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Bitcoin needs derivatives trading and similar Wall Street bankster gambling shenanigans like I need an asshole on my elbow. Fuck right off.
while derivatives aren't shenanigans, opening up an options exchange certainly would have a depreciative effect on BTC. Mostly because BTC has practically no real-world demand. last time I checked, Coinsetter was opening up an BTC options exchange. also, a paper on p2p options: http://www.altchain.org/?q=whitepapers/paper4.html-bm |
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also NXT does have Options, we have 'shortNXT' (which I think is technically a synthetic derivative), so it's possible to profit from a fall in NXT price while inside the NXT network. https://twitter.com/shortnxt-bm |
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I have a copy if anyone wants it.-bm
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very interesting. "Mr. Mersch, of the ECB, goes on to criticize ‘local currencies‘ that have come into existence. These, local, currencies were established to promote local trade and the ECB feels that their use has the potential to regionalize and stagnate growth and development. He sees the Euro as the only acceptable currency and store of value within the EU area." I've actually worked with groups in Europe who build these local currencies. Mostly they are popular with white middle class populations in Western Europe who are not happy with the government. Does the EU have the right to ban or restrict this kind of economic activity? It's a good question and this article is a good example of how far the EU authorities are willing to go to impose their sense of order on the population. "The Euro is strong, so why does it perceive cryptocurrencies to be a threat?" the Euro is strong?  -bm |
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Either WANK or FAP could be really clever. After all bitcoin is one big circle jerk.
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So, he was right after all, at least in some major parts ... -bm |
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i had my suspicions that something like this was going on, but figured it was crazy talk. it's crazy how things like this happen in bitcoin -- wild wild west stuff. can't wait until we get some professional level exchanges.
That is a double edged sword, because a lot of people will say that regulation will prevent things like this (even though it wouldn't)... we can prevent it with technology. in the NXT AE, the only risk in 'counterparty risk' as in- will the issuer of your bearer asset redeem the value of the note? The risk varies depending on the nature of the underlying in question(if it's bitcoin the risk can be reduced to near zero). Also the risk can flow freely on the exchange, if an issuer is thought to be disreputable, people will transfer out instantly- thus there is a near real-time reflection of issuer reputation. ex. someone issues gold-backed bearer shares in Switzerland. News got out that their reserves were incomplete- within minutes of the press release, the trading value of those bearer assets are halved. This real-time response forces the issuers to adhere to strict standards of accountability. -bm |
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This is a Roach Motel. You can put bitcoins in, but can't get them out.
if you consider all the trouble you have to go through- the risks to your money, the fees, the volatility, and the authorities watching your every move... is it worth it? -bm |
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I'm sure those worried about their privacy or being annoymous wont use this. It's good for the bigger picture though.
what is 'the bigger picture'? |
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Oh no! the U.S. stock market is manipulated, it will crash to zero tomorrow!
Wake up Chicken Little.
you are total idiot, i dont even know why am i wasting my time with this post, but ok, it said that we should help the weak (in your case stupid) ones: Does the MAJORITY OF THE POPULATION know that the stock market is manipulated? NO! What will happen when the majority finds out, and realizes that the price is overburn? The price will fell... oh... and what did the majority of bitcoin world found out now... that the price is manipulated... Really i said it many times here, if you do not have anything usefull to contribute, dont contribute at all. once the stampede begins it'll be over before you even knew what happened. -bm |
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I guess there's always a privacy issue with facebook  . youre naturally sacrificing your privacy by even logging onto facebook, but what this app does is create a massive database of real world identities [1] mapped to Bitcoin addresses. They don't necessarily need to know every address to track down the owners, but knowing their social connections helps them to eliminate a lot of the possibilities. https://www.youtube.com/watch?v=JotAOgXFxSscurious that CoinDesk does not even mention this aspect at all. (or maybe not) -bm [1] and these identities include extensive info on family, friends, beliefs, tendencies, likes, etc. |
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of course CoinDesk doesn't bother to mention the privacy concerns here. Building a database of BTC address -> Facebook address. -bm |
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massive fraud
clearly there's some hidden element here involving mostly China and partly Russia. The Chinese are obviously tripping up some kind of back-room dealings, and they're blaming the corruption on them when clearly it's not coming from China. -bm This is a scandal of great proportion, no doubt about it. Wait until the Mainstream News Agencies get hold of this story. Good Times. just look at a small portion of the sheer corruption and madness emanating from the Bitcoin Foundation! not sure about this Phineas guy, he seems a bit ragged - but you can't deny that there is some fishy stuff happening here. -bm And, will probably become more ragged the longer I wait for davout, staff on this forum, to return my 1,132 BTC that's currently residing in one of his fat-ass bitcoin wallets thanks to InstaWallet "hack". Odd, how he and his two partners became bitcoin-rich, in spite of having no returns on their failed enterprises, and with Bitcoin-Central - back by a bank name Lemon Way known for its ONLY ONE app - performing lacklusterly, at best. BTW, David Francois and Mark Karpeles have been friends for years, possibly French Fuck Fuddies. so you're accusing the forum moderators of stealing your 1,132 BTC? haven't really followed your story, but this is the land of Bitcoin and if you think your money is safe here you are WRONG. -bm |
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"What makes a crypto secure is directly related to the number of people who use it as a store of value and the people who use it to transact. "
if that is true, the Proof of Stake model is superior because it achieves this without the need for expensive computing power.
-bm
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Because bitcoin fulfils the function of secure store of value better than your altcoins that have a very uncertain future. Secure implies more likely to continue to exist. I do not think BTC is overvalued compared to any other altcoins existing today, quite the contrary.
a secure store of value that anyone can produce by creating an altcoin? the model isn't exactly rock solid. -bm Everyone can create an altcoin. But not bitcoin. Nobody can create an altcoin that will get the same support that bitcoin has. Of course in theory everything can happen. But we are talking about facts, not theory. Your logic is flawed. It's like saying that everyone could launch a social media website with some cheap code, therefore Facebook has no value as a social media. But its USE and SUPPORT as a social media is what creates its value as a social media. It has nothing to do with the ease of replication of its concept.Do you fail to understand this ? that's a horrible analogy. Facebook isn't a currency or 'store of value'. It's very easy to clone bitcoin and have it work with all the adapters that exist for Bitcoin. If Bitcoin were to rise in price enough, all the services can just switch to an altcoin or offer a choice. You can even automate exchanges to and from Bitcoin. Bitcoin has a small privilege, but not a big one and ultimately price will determine how valuable it is. |
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Because bitcoin fulfils the function of secure store of value better than your altcoins that have a very uncertain future. Secure implies more likely to continue to exist. I do not think BTC is overvalued compared to any other altcoins existing today, quite the contrary.
a secure store of value that anyone can produce by creating an altcoin? the model isn't exactly rock solid. -bm |
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