Google finance shouldn't that be really good for bitcoin and expose it more as a real currency not just an internet ponzi
Anyone that has even a vague understanding of bitcoin would know that it is not anything close to a ponzi |
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theft all right. karpeles literally screwed everybody. if you really think hackers managed to get away with 650,000 without even the most incompetent boob noticing something i've got a really amazing bridge for sale!
Agreed. I believe there was a hack, but the hack was performed with inside information about their security protocols or lack thereof. No one is intentionally that incompetent with that much money. It could be possible that someone simply tried to hack Gox, hoping to get away with 10 or 15 coins, and discovered that they could easily get away with many, many more. |
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QE would need to be taken away very gradually.
Even with QE Japan has experienced deflation
QE in Japan doesn't work because price level has gone to unrealistic level. Property and security price are governed by yield and return of investment, if they go up to unsustainable level, the cost will of course need to go down. Printing a lot of money will only make smart money leave the country to seek better yield and reasonable ROI business. Japans a bit weird in that their debt is larger than their GDP by a significant amount but people trust that their money will not be lost or stolen in the system or the currency will collapse. Benefits of having your own citizens holding the debt still to get ROI would be a significant challenge for them and they can't really print money to increase their debt so its a bit of a conundrum. Debt larger than GDP is fine. A more meaningful measurement would be the country income vs debt level. So long as the country has good income via export and service, the debt can be expected to be paid back. Countries that have a large enough economy so that their currency is used widely outside of that country's commerce are almost "exempt" from these kind of ratios/statistics To have someone lend you money, you need to demonstrate the ability of paying back. Income/debt ratio is a good way gauging the person ability to payback the loan. No country can be exempted from this rule unless the debt is dominated in the debtor nation currency. Countries are measured by their ability to repay by a number of statistics. Some countries have large "stocks" of assets (gold, diamonds, oil, and similar) that they export, the revenue from this could be used to measure a countries ability to repay debt. Other countries have a large trade surplus and as a result there is a lot of foreign capital going into the country. Some countries have very large economies and a country's ability to tax is what is measured as to how it could repay their debts. When large countries like Japan want to issue debt then can issue it in their home currency as there is sufficient demand for that currency throughout the world. |
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Hello , I want to cash out 5000eur each month.
Should I open an offshore account?
Can anyone help me out finding a good one or a good agent?
Will pay btc for it.
It is probably not a good idea to try to hide/launder your money from your BTC "offshore" Even if a country has good/strong privacy laws/protections now there is no guarantee that these protections will continue in the future. Switzerland used to be considered a place that people can stash their cash and not pay taxes on their investment earning there. Now many banks have reached agreements with the US to release names and account information to the US government. I second the above. You are really playing with fire in wanting to do this. Given that BTC is still so new, you definitely don't want to be the person that your goverment makes an example of when they try to prosecute you It is not just about the gov making an example of you because you used bitcoin. The gov has been very aggressive in prosecuting tax evaders in recent years. |
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I really don't like the idea of making any BTC non-fungible. That's a really dangerous precedent. If BTC is really money, then this is not an acceptable course of action, IMO.
This is a very dangerous precedent indeed. If we were to start by blacklisting the "FBI" coins then why would we not black list coins owned by a theif, or by someone who took advantage of others (but everyone agreed to the terms), or someone that had suspiciously good timing? Those who suggest that coins should be blacklisted are big government types, probably socialist and are to be avoided at all costs! Been gone for a while due to health issues but everything is OK now. Just kind of took a break from the madness of crypto! People that seriously have these kinds of views are extremists. |
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i saw ATM's for BTC in some places, and i think that its possibale to buy with cash and also credit card
AFAIK BTC ATMs will not allow you to use a credit card You can't, you must trade fiat for bitcoin or bitcoin for fiat. These type of ATMs do not accept any kind of cards I dont get how those ATMs pay instantly without conformation? Obviously they would be a failure if you had to wait 10 mins for the first confirmation, so i expect they trust most people wont be ripping them off. If you are buying bitcoin with cash fiat then you simply insert the cash in the machine and the machine instantly verifies that the cash is legit, you provide a QR code for your BTC address and the machines sends the BTC to your address, the confirmation (of the cash) is instant. When selling bitcoin, the machine will provide a QR code with an address to send BTC to. It will print out a receipt that you can later scan to redeem your cash once the transactions is confirmed by the network (with "x" confirmations). You would not need to actually stand/wait at the machine while you are waiting for the TX to be confirmed. |
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The biggest threat is surely running out of Bitcoin addresses.  I dont think bitcoin can run out of address. Can they? Yes, in the year 9999 we'll run out. There are actually more possible addresses then there are possible bitcoin (21 million bitcoin broken up into satoshis) |
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In the US the living cost is insane. Ask yourself, are you willing to pay they insane rent required to live in a nice area?
Consider moving to china.
LOL!!! Yeah nothing like those nice areas in China with their pollution, undrinkable water, insane traffic, and other sanitary issues. I think the condition you described is worse in Pakistan and India. Living conditions around the world are very bad. People living in the US have a very high standard of living compared to the rest of the world however the cost of living is also much higher. |
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Unfortunately you are correct. Ghash is very customer focused. Most other pools are run by people who are more technical focused, who understand the mining process well but have trouble with the advertising/marketing side of things.
Or the other pools just don't want to work for free. The only marketing that has ever worked well in bitcoin mining is having a lower price than the other pools. What you should be asking yourself is why ghash.io wants every miner to mine for them so badly that they are willing work for free right now. I can see several reasons, but not a single one that's good for Bitcoin and it's users. eligius has a 0% fee and other pools have very low fees as well. What they are missing are their fancy stats pages that updates in real time |
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You better try signature advertising. Go to Marketplace >> Services. They have better rates, some advertisers now accepting newbies and junior members.
I think those websites you mention are scam or have very little rewards. It is only a waste of your time.
Agree. Even though the per post rate for newbies is quite low (0.00004), it is still better than faucets, and the pay rate would be much higher when you get to member rank. Another positive to newbies using signature campaigns is that they can hopefully learn more about bitcoin via the forums, but I still think that the rates are not worth it for newbies (they can just wait the 2 months to be a member) Well, they have nothing to lose for joining a sig program. After all, they still need to make posts to get to 60 activity in that 2 months.  If you encourage them to post quickly then they will spam. If you encourage them to explore the forums then they will likely/hopefully learn |
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I wonder why he receives so many when other addresses receive nothing Deposits are often 0.0001BTC! IMO, there are 2 reasons. 1. The address is one of the richest addresses ( http://bitcoinrichlist.com/top100). So, people are more likely to check that page from time to time, and so it has a higher successful rate for the ads and begging stories (I personally don't think it works at all). If you check the list of richest addresses, you can see there are notes on many of the addresses as well. 2. The bitcoin on that address is indeed the "DPR Seized Coins 2". So, you can find some sorts of messages to the FBI and US government (Of course, the FBI won't care about it). I missed that, I guessed it is probably worth 10,000satoshis to have your name out there The messages are only "DPR Seized Coins 2", what does it mean? Why aren't there any other messages? "DPR Seized Coins 2" is the name of the adress(blockchain.org gives sometimes names to public know addresses) The messages are what is under "Public Note" Right, thank you, sorry I was out of it; there are a dozen of messages, it is entertaining to read  If I read them, probably a lot of us did so it can be a good idea to throw a 0.0001 to advertise a website  I read them for the entertainment value of the posts. I would not be at all interested in buying something from any of those posts |
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I couldn't agree with you more hvanra. Backtests showing eye popping gains are really just for demonstrative purposes. In reality there is orderbook liquidity and vwap slippage that brings things back to reality. What a 'million dollar backtest' does show, however, is consistency of performance over a wide range of market conditions.
"past performance does not guarantee future results" |
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i saw ATM's for BTC in some places, and i think that its possibale to buy with cash and also credit card
AFAIK BTC ATMs will not allow you to use a credit card You can't, you must trade fiat for bitcoin or bitcoin for fiat. These type of ATMs do not accept any kind of cards |
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if this is scam, why it is up here since over 2 weeks and moderators didnt clean it? :/
Bitcoin talk doesn't remove probably scams (caveat emptor, or buyer beware).. But I think arbitrage has had its day.. Back when btc was between 2 and 12 dollars, one could make a lot of money arbitraging. Thats how I made most of of my coin. Now, its much more difficult, still can be done, but there is a lot more risk involved. True arbitrage is not possible with bitcoin as you cannot move your bitcoin instantly without your counter-party risking a double spend attack It is possible if you already have the bitcoins you need to buy/sell in place (ex: on another exchange). Anyway, every arbitrage "investment" has proven to be a scam until now so invest at your own risk (loosing your investment 100% most likely). If you already held bitcoin then you would need to risk the existing bitcoin that you held. True arbitrage is suppose to be a risk-free investment. That is how those scams are so successful as people do not believe they are risking any funds. It's clearly you don't understand how arbitrage works. You don't risk anything if you do it right. You buy 1 btc on one exchange for $600 and you sell 1 btc on another exchange for $610 but you do it in the same time, not wayting to transfer the one btc from one exchange to another. In the end you will still have 1 btc and 10 more dollars and you didn't risked anything. Anyway, this is only in theory because in practice you have fees and risks asociated with keeping your money on exchanges. You would still be risking your dollars when you invest in that one bitcoin that you used to execute that arbitrage. At the end of your trade in your example you would have an asset worth $600 and $10 in fiat. If the price of bitcoin were to decline, to say $550 on both exchanges then you would have an asset worth $550 and $10 in fiat with a loss of $40 from before you executed your arbitrage. |
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A mobile device could potentially be stolen/lost, even if the point of the theft of the device is not to steal the bitcoin they would be significant risk.
Online wallets carry their own risk that is separate from using MultiBit in this manner. More risk? I am not sure
Everything in life has a risk. Even if someone secures their bitcoins in the most effective way, they can't rule out that they might have an accident tomorrow, leaving the coins unspendable if only they know about how to retrieve them (passwords, cold storage location, etc). The problem with online wallets is when they actually know your private keys. They could one day just decide to spend them without your consent. As far as I know, Blockchain.info encrypts the keys so that they are only known in the browser at the time the user logs in, and never by Blockchain.info themselves. My post was about trying to minimize risk, not eliminate it. |
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A robot bartender will cost lot more than a human one. Makes no economic sense
It depends. Robots you pay for once. Humans you pay for continuously. Once you buy the robot then it doesn't get tired, it doesn't ask for a salary or sleep. If you use a robot for one year it will likely be more expensive then one years salary for a bartender. You will still need to pay for things like repairs and electricity for the robot. If you are paying the bartender only $2.13 per hour then these expenses would potentially exceed what you would pay the bartender. A robot will also not be able to effectively upsell and encourage additional sales the same ways that a human can. Solar electricity can power robots so I don't think electricity is the issue. I think repair can be made by letting robots make a profit and pay for its own repairs with its savings. I do think robots eventually will be dramatically cheaper for the service industry. It will start with vending machines and slowly progress to robots. We already have vending machines and they do not replace many jobs as they usually sell things that would not otherwise be sold at their locations. Solar energy is not free or even cheap. Counting the costs to buy the solar panels and their expected useful life span solar energy is more expensive then other forms of energy, it is just that the government has chosen to subsidize the solar energy market temporarily |
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sure that big exchanges will very profitable since many of traders trading there, and they get coin from trading fee i am interested from where chinese exchange who doesn't add trading fee get income? Once citizens of emerging markets start to use bitcoin then it can reach it's potential.
Why would citizen of emerging market will choose bitcoin vs their own currency? maybe because their national currency was inflated inflation will make they choose bitcoin instead their own currency I have yet to see local trade being done using bitcoin due to economic incentive. If you know any country with population that use bitcoin on everyday transaction, please kindly share the news. How do you define "local trade"? Almost every (if not every) business that accepts bitcoin does so because of economic reasons |
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The exchanges will never allow transfers directly on another exchanges. They can't because of the law.
This is not necessarily the law, but rather would make it much more difficulty to do AML due diligence so much exchanges would likely prohibit it. One way to get around regulation is to have each exchange have bilateral deal. Each one granting each other certain amount of fiat credit and settle it every few days. Then implement another portal on each exchange to grant user credit. This will by pass all the AML rules in place and not really violating any existing rules. The AML rules are not about the exchanges, they are about the people whose money the exchanges are holding. It would be very difficult for an exchange to verify that when "Person A" is sending fiat to his own account at "exchange2" when he sends fiat to "exchange2" |
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I find it hard to believe that it could stay below $500 for too long. It just seems to ME that there is too much confidence in the price of bitcoin below $500. People KNOW that anything below $500 is a great deal and it's bound to go up, so most will buy in around that price and prices will go up.
But then again, I'm not an economist.
There are a lot of short term variables that could cause bitcoin to be any number of prices over the short term. Over the long term bitcoin will likely appreciate in value. Heard a lot of claim that long term price will go up. The wider adaptation with bitcoin is not a sound argument. China is the largest export country and 2nd largest import country in the world right now. And they have set up bilateral currency deal with many neighboring countries. If wider adaptation argument is used as an argument for long term price to go up, maybe people should buy RMB rather than bitcoin? As bitcoin is more widely accepted by merchants it should increase in value as more people will need to purchase it to participate in commerce with these merchants as these merchants have lower costs with bitcoin and could lower prices for bitcoin users to be able to realize these lower costs |
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QE would need to be taken away very gradually.
Even with QE Japan has experienced deflation
QE in Japan doesn't work because price level has gone to unrealistic level. Property and security price are governed by yield and return of investment, if they go up to unsustainable level, the cost will of course need to go down. Printing a lot of money will only make smart money leave the country to seek better yield and reasonable ROI business. Japans a bit weird in that their debt is larger than their GDP by a significant amount but people trust that their money will not be lost or stolen in the system or the currency will collapse. Benefits of having your own citizens holding the debt still to get ROI would be a significant challenge for them and they can't really print money to increase their debt so its a bit of a conundrum. Debt larger than GDP is fine. A more meaningful measurement would be the country income vs debt level. So long as the country has good income via export and service, the debt can be expected to be paid back. Countries that have a large enough economy so that their currency is used widely outside of that country's commerce are almost "exempt" from these kind of ratios/statistics |
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