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4341  Bitcoin / Bitcoin Discussion / Re: Bitcoin is treated a stock on: March 06, 2017, 11:54:52 AM
I like to think about stocks being the slowest method of making money when comparing it to other things (trading).

Bitcoin has different exchanges that are open all days of the week.

practically stock is also trading, you trade stocks the same way. you may be thinking about a different thing though.
because in stocks market you buy stocks from the market with the same way you buy anything else in trading (like trading gold, bitcoin, altcoins, Forex,...) and then sell it the same way on top to take some profit out.

in case of bitcoin I have to say it is being mostly treated like a "stock" in a sense that it is only being traded and not really used as a currency and that in the long run can not be good.

Bitcoin is both a stock and a currency. It is a stock since it can be traded and many are holding it to gain profit. But it is also a currency since you can also use it to buy things online, eat in some restaurant using bitcoins, drink coffee in starbucks, ride on a taxi, go to school with bitcoins and many more. Though there are only selected business or institution that accepts bitcoin but the fact that there are people accepting bitcoin in exchange for goods and services it is already a good example that bitcoin is a currency.
4342  Economy / Economics / Re: Rising Economy of Russia >> on: March 06, 2017, 11:50:27 AM
When Vladimir Putin became President, Russia was effectively bankrupt as it owed more money to the International Monetary Fund (IMF) than it had in foreign currency reserves. Since then, Russia has achieved a virtual macroeconomic revolution to the point where it is one of the largest creditors of U.S. debt in the world. Its nominal dollar GDP has increased by more than a factor of six, and has the potential to reach more than $2 trillion by 2010. Russia would become the largest economy in Europe and the fifth largest in the world following the United States, China, Japan, and India by 2020 if goals would have been achieved.......

I have made a comment on this post and I remember clearly that I mentioned that Russia will be one of the biggest country in the world in terms of economy. But I never Imagined that they were on the verge of bankruptcy before. This just shows that Putin was a good president and an expert on economics. If he was not the president of Russia how will they came back up again.
4343  Economy / Goods / Re: Found this HODL snapback haha swagg on: March 06, 2017, 11:44:25 AM

Found this HODL snapback xD swag






Hope they sell that cap using bitcoins. The colored gray cap was nice and the bitcoin logo is small and i thought its kinda cute. But I suppose it needs to have a bitcoin logo on the sides that is bigger for anyone to see. Huge bitcoin logo to promote bitcoin even when you are walking, strolling and shopping in the mall carrying the heavy luggage bought by your gf.
4344  Bitcoin / Bitcoin Discussion / Re: Did Satoshi advertise about bitcoin like alt devs doing now? on: March 06, 2017, 11:35:10 AM
I want to know whether or not Satoshi attempted to advertise about bitcoin in other forums like developers are doing with their altcoins here?
Paying money to spread the words about bitcoin? or the coding enthusiasts were attracted like a magnet to metal?
I believe altcoins are fake metal painted as metal but fake that is why they spend large amounts that at investors expense.
According to the most community members it's OK if they're scamming people by insta mining or large premined amounts or forging a false market support as long as they can invest in ICO's and have a profit they don't really care about the rest.

Bitcoin is the only genuine and pure cryptocurrency while other coins developers are lurking behind their monitors waiting to grab money from greedy and retarded[1] people.




[1]-they purposely help to hurt the community while neglecting they're the ones getting hurt at the end.

The creation of bitcoin started back at 2007 and this project was even published on some articles but it did not create some noise. In 2009 bitcoin was released to the public and there were documentations made by some people pertaining bitcoin. Though I am not clear about things but it was not Satoshi Nakamoto that advertise bitcoin but rather his fellow developers.
4345  Other / Politics & Society / Re: DONALD TRUMP WILL BE AMERICA'S MOST FAMOUS PRESIDENT on: March 06, 2017, 11:30:46 AM
I do think Donald Trump will be a very famous person in the history of American politics. How long has he been president? Barely three months and he's trending on global news each day . If anyone thinks different about this, he or she should feel free to reply to this topic.

Donald Trump is a very famous person in this time not because of his good works but stories to destroy his reputation. Many are scheming  to destroy his credibility and reputation and those people are fabricating false stories and highlighting the shortages and simple errors in Trumps Administration. But nevertheless those publications even they are negative have caused the world to know President Donald Trump is.
4346  Bitcoin / Bitcoin Discussion / Re: Bitcoin Will Kill The Income Tax on: March 06, 2017, 11:24:14 AM
Bitcoin is not yet controlled by the government and fiat is still the first use worldwide. If youre saying so bitcoin will kill the income tax, its not yet happen. Though our government has already have an idea about it but bitcoin is not allowing to kill the  income tax. We dont know yet in the future if this will be happen maybe in the future if government will collect income tax.

Bitcoin cannot kill the income tax. Income tax has existed a very long time ago to feed the societal needs of welfare services through the form of a government. Bitcoin on the other hand though it is decentralized cannot kill the income tax as it has no power over the government. In Switzerland the government is accepting bitcoins to serve as payment to government services and possibly that includes income tax.
4347  Bitcoin / Bitcoin Discussion / Re: about high priority transaction on: March 06, 2017, 11:18:53 AM
There used to be some room for high priorities transactions, which even don't pay fees and will be confimed in the blocks with other paying transactions. In the mean time miners seems to only include the higher fee one in the blocks and ingore the high priority ones. What do you think about it? After the block is increased, will this function be activated again?

Higher priority transactions are now useless and there is no room for that anymore. The ony thing that matters now are the higher fees that you set on your transaction so you can have a fast confirmation. Without a higher fee that is set  your transaction will not be prioritized. The only VIP in the network are those who have the capacity to pay a higher miner fee.
4348  Other / Politics & Society / Re: Iran announces successful test of $800m Russia-built air defence system on: March 05, 2017, 10:13:13 AM
Iran has successfully tested an advanced air defence system purchased from Russia in another demonstration of strong ties between the two countries.

The S-300 system can track and take out multiple targets at a range of up to 125 miles (200 km) and has been named Damavand after Iran's highest mountain – a potentially active volcano.

IBTimes : http://www.ibtimes.co.uk/iran-announces-successful-test-800m-russia-built-air-defence-system-1609741

Arab countries including Iran is always in conflict with other nations. And since other Arab nations also owns super weapons then Iran as a protection to their country needs to upgrade their air defense system.  But the most effective way to protect the nation from threat is to promote peace. When peace is there countries does not need anymore weapons to fight and protect themselves.
4349  Bitcoin / Bitcoin Discussion / Re: Here comes the Satoshi drama on: March 05, 2017, 10:04:16 AM
Craig Wright patents, Canadian fugitives, Gambling, bitcoin.

http://www.reuters.com/investigates/special-report/bitcoin-wright-patents/?utm_source=twitter&utm_medium=Social



SYDNEY/SINGAPORE - The man who last year made global headlines by claiming to be Satoshi Nakamoto, the creator of bitcoin, is working with a fugitive online gambling entrepreneur to file scores of patents relating to the digital currency and its underlying technology, blockchain.

Craig Wright, the Australian computer scientist who made the Satoshi claim, has the backing of Calvin Ayre, a wealthy Canadian entrepreneur, according to people close to Wright and documents reviewed by Reuters. Ayre has been indicted in the United States on charges of running online gambling operations that are illegal in many U.S. states – an accusation he rejects.

Wright’s expertise combined with Ayre’s support make a potentially formidable force in shaping the future of bitcoin and blockchain, the ledger technology that underlies digital currencies. Wright and his associates have lodged more than 70 patent applications in Britain and have plans to file many more, according to documents and emails reviewed by Reuters and sources with knowledge of Wright’s business. The patents range from the storage of medical documents to WiFi security, and reflect Wright's deep knowledge of how bitcoin and blockchain work.

Their total compares with 63 blockchain-related patents filed globally last year and 27 so far this year by multinationals from credit card companies to chipmakers, according to Thomson Innovation.

Neither Wright nor Ayre would comment for this story on their business relationship, details of which are revealed here for the first time, or their goals. But their interest in bitcoin and blockchain highlights two key trends.

First, an increasing number of entrepreneurs believe blockchain, which can circumvent the need for big financial intermediaries, will challenge traditional payment systems. Various banks are investing large sums to explore how blockchain could revolutionise payment systems and cut costs. Bitcoin involves sending payments directly, securely and potentially anonymously between two people's digital wallets, whereas all mainstream transactions, including those using intermediaries like Paypal and credit card lenders, run through banks and usually require named accounts and verification.

Second, blockchain has the potential to defy authorities trying to enforce borders and national regulations – and it already does so in areas such as online gambling. In internet chatrooms some online gamblers say that using bitcoin enables them to disguise their identity and transactions.

The confidentiality conveyed by the currency is one source of its popularity. Bitcoin hit a record high this week, partly because of speculation that the first bitcoin exchange-traded fund is set to receive U.S. regulatory approval. After a sharp rise this year, the cryptocurrency reached more than $1,200 per bitcoin.

Ayre said last year that he saw a “growing convergence” of bitcoin and online gambling, according to the website CalvinAyre.com. Documents reviewed by Reuters show Wright’s links to online gambling go back decades and that bitcoin grew out of code originally developed with gambling in mind. Early bitcoin code, seen by Reuters and analysed by a computer coding consultant with no ties to Wright or any blockchain-related project, contains unimplemented functions related to poker.

Wright’s vision for bitcoin, though, goes much further than gambling, according to his research papers and interview transcripts. It remains unclear whether he is Satoshi Nakamoto or not, and even whether Satoshi is one person or a group of people. But some of the documents, including two folders of computer code for early versions of bitcoin, support Wright’s claims that he was closely involved in the development of the cryptocurrency before it became public in 2009.

Whatever Wright's original role, he has suggested bitcoin could have widespread applications. In a paper from November 2015, also reviewed by Reuters, he wrote: “The bitcoin blockchain can be scaled up to replace all existing payment system networks to become the world's single global economic infrastructure.”

The paper is unpublished, but it gives an insight into the global scope of his plans for the technology. While it's far from clear the two will be successful in their patent applications, bitcoin and patent experts say Wright's project represents the single largest filing of bitcoin-related intellectual property they've seen. "It's certainly bullish," said Justin Hill, a patents expert with law firm Olswang. "With the ambition comes the risk."

Craig Wright is not satoshi, he may be a part of the developer team but I disagree to say that he is Nakamoto. Craig Wright is focused on profit rather developing bitcoin and providing solutions to the current bitcoin problems.

If he is Satoshi then He should have a big bitcoin stock at his disposal and he does not need to work with a gambler mastermind to get profit. It just shows that he isn't Satoshi Nakamoto
4350  Other / Off-topic / Re: Young people should go all in on bitcoin on: March 05, 2017, 09:57:46 AM
Making every investment or saving into bitcoin is not a good decision for a better tomorrow. Can diversify and make the investment. Young people are found much into the digital currency use than other age group people. Also young people could easily understand it. So starting to use bitcoin is good but spending everything into bitcoin is not good right now.

People at young age are capable of doing bitcoin since they are technologically inclined and has the will to really earn. But relying too much in bitcoin is not a wise decision, diverse investment is one way of balancing the odds. Just in case something will happen to bitcoin and your internet connection you will have a back up business that will give you earnings. Both online and offline business is necessary for a wise and secure future.
4351  Bitcoin / Bitcoin Discussion / Re: Great way to make Bitcoin! on: March 05, 2017, 09:52:28 AM
We can earn really big in bitcoin, by using your skills and knowledge. Trading bitcoin/altcoins is my ways to make bitcoin. Also, this signature campaign and saving or holding bitcoins gives an impact to me then sell when already earn profit.

That is correct and in this kind of trade I can say that knowledge is power. Without any information as to where and how to earn bitcoins online it would be hard to earn and profit from bitcoin. Especially people with no capital knowledge and skills will give you earnings in bitcoin that you can use to trade or just cash out.
4352  Economy / Economics / Re: bitcoin prices go to the moon? on: March 05, 2017, 09:48:30 AM
Nowadays, "To the moon" is kind of a meme. It's an overused phrase whenever the price of bitcoin starts rising again. Bitcoin will never "Get to the moon", since this is simply relative. But we all know that the price will rise and rise, until we are all old and can see how great bitcoin is.
in fact it was just like a slogan, maybe in a few years ago bitcoin price today is like a dream, bitcoin is actually already in the month due to rise more than 1200-fold, bitcoin let's look at a few years to come
We cant be still sure on the price would continue to rise even more that we never dream off but the potential is there to reach prices on high point and now it even more than golds value.If the demand will increase then expect the price will rise too.
As the price of the bitcoin goes up it attracts more investors and more people who are going to want to use it and that means that there is going to be more demand and that means the higher the price gets so basically it is a big circle, and we are inside of the circle so we need to stay calm and work to make it bigger.

Bitcoin has reached another level as big investors and countries including bank owners are already investing on bitcoins. Two of the largest banks in Japan has placed a huge capital on bitcoin exchange on Japan. Many countries are now looking on the merits of bitcoin and with the huge investors coming in a large increase in bitcoin will be expected.
4353  Bitcoin / Bitcoin Discussion / Re: why bitcoin transactions require some confirmation? on: March 05, 2017, 09:41:31 AM
please confirm bitcoin explanation for the problem? Smiley

Bitcoin transactions require some confirmation so as to avoid double spending. Double spending means that the same amount is sent twice. Many have been a victim of double spending before and many merchants have already sent their items without knowing that what they received is a double spent bitcoin rendering  it valueless. Thus confirmation is needed as a protection for the buyers and receivers of bitcoin.
4354  Other / Politics & Society / Re: Why I'm an atheist on: March 05, 2017, 08:18:02 AM
How convenient to claim that all of these case studies are coming from my imagination! A desperate and illogical tactic that will convince no one!
I am not convinced any statement until I personally will not see God. I have the opinion that this does not happen then I will never believe in God. That is why I am an atheist. You could even say that I'm not an atheist, but a realist.

Believing on God is a gamble. It is like buying a lottery ticket for one cent and the prize is 1 billion dollars.  Believing in God and doing his will  will give you salvation and eternal life. If you believe and there is no God then you will lost nothing. But if you dont believe in God and does not do his will and in the end God exists then you will lost everything.  Faith in God is a gamble that will give you the most amazing experience a human soul could ever dream of.
4355  Bitcoin / Bitcoin Discussion / Re: If no one spends bitcoin what might happen? on: March 05, 2017, 08:08:18 AM
Bitcoin will die. Same with any other currency, if there's no one using it, there's no reason for it to exist.

With no one spending Bitcoins, there wouldn't be any transaction volume. With the no one trading on the market, Bitcoins will be worthless.

That will be the extreme result or end if no one will spend their bitcoin and just hold it. If there were no sellers there will be no market. Seller and buyers are necessary to create a market that is founded on supply and demand. Bitcoin though it is a currency it is still considered to be a commodity. But this kind of commodity will not have a value if nobody sells it. 
4356  Economy / Economics / Re: Should I believe in Bitcoin ? on: March 05, 2017, 08:02:23 AM
Should I believe in Bitcoin ?
I have 10k $ and maybe going to buy  , but I doubt the further development of Bitcoin and I'm afraid to lose money! Can you convince me or dissuaded from buying?

Yes, you should believe in bitcoin, as you can see now the value so far is getting so high. So what are you waiting for if you can buy bitcoin take the chance as long as you can afford to buy it.

Bitcoin is still in its early age as a currency compared to other traditional currencies. As such its potential to grow more in value will continue to spike the market until its maximum price will hit the market. Though bitcoin has a limited supply and the users demand is very high there is still a limit as to the price increase. That value will be around 100 million dollars per bitcoin, it will take more years to reach that value and so it is good to invest in bitcoin right now.
4357  Bitcoin / Bitcoin Discussion / Re: How do we know that the CIA didn't get to Satoshi? on: March 05, 2017, 07:55:21 AM
Question:
We all know that Satoshi disappeared after Gavin talked to the CIA...

It is mostly assumed (I think) that Satoshi left the project voluntarily..

But how do we know that the CIA didn't get to him first?

Is it not plausible that the CIA was successful in tracking him down?

Disclaimer:
I’ve been into bitcoin for about 3 years now, but I haven't used much time on this particular topic. I’m probably just missing some pieces of the puzzle…

Could somebody please fill me in on the information that I’m missing?


I am not sure if I am right in my idea that the reason why the Central Intelligence Agency of CIA will approach Satoshi is due to their project Quantum Computer. Possibly they need the expertise of Satoshi to complete and perfect their quantum computer project. But if Quantum Computers will succeed bitcoin and other cryptocurrencies will be in danger.
4358  Bitcoin / Bitcoin Discussion / Re: India is Paying $900+ for Bitcoin Amid Cash Crisis on: March 05, 2017, 07:45:30 AM
It happened during the month of November past year. When the Market was found to pay around $750 Indian trading was found above $900. This happened just due to the demonetisation issue created by the government. Due to this Indian market experienced a very big increase in user profiles in a short time period.

The reason why India is purchasing more bitcoins not only because of demonetisation but also because of bitcoins power to make its investors, holders and users gain a leverage in a span of time. Bitcoins price movement is always increasing in value and that has attracted a large Market in India as well as the hope that they will gain huge profit when the price has increased greatly.
4359  Other / Politics & Society / Re: Cards Against Humanity Secret Hitler packs sent to US Senators on: March 05, 2017, 07:34:32 AM
http://distractify.com/trending/2017/02/26/5UX7t/cards-against-humanity-secret-hitler-senators

Hahahahhahahahahaha hahahhaaa hahaha ha.

In the letter addressed to senators, the three explain that Hitler "required the cooperation of well meaning men who hoped to appease and control the Nazis."

They then go on to explain why playing their game might be worthwhile:

"Our game explores that relationship and highlights the difficulty of recognizing your own manipulation before it's too late. Although our game takes place in 1933 Germany, we thought you and your staff might find our game relevant as you negotiate the power of balance with the Trump White House."

Fucking brilliant.

This cards are very weird. It was said by the article that is was used by Hitler in 1933 and this kind of game has a meaning to it. Only Nazis could tell what the cards really meant. But giving it to senators will just  make the reputation of the president much worst than ever. This will set a mindset to the public that the President is making a move to make America the new Nazi front and Trump will be the new Hitler. It is a bad game though it is just a board but it will affect the President.
4360  Economy / Economics / Re: Why Bitcoin has power nowadays ? on: March 05, 2017, 07:26:03 AM
Bitcoin is becoming stronger every day. This is due to the fact that it is becoming more popular and a lot of people want to buy it and use it. Because of this, he strengthened

As the price rises further, more people will use it, it will be stronger.

The price really is the biggest proof and evidence that we can link to bitcoins success and power. The value it has now implies the trust of the public in using it making it more valuable. This currency will in fact be the biggest online currency the world will ever have and in this era no cryptocurrency will stop the success of bitcoin. More power to bitcoins and to the holder.
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