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441  Economy / Speculation / Re: Stocks fall globally as Greek talks collapse on: June 27, 2015, 06:22:28 AM
The problem here is main driven by insecurity and uncertainty. When there is no direction on where these are heading generally investors will reduce or even withdraw completely their holdings in investment funds and place it somewhere they feel safe. There are so many things that could not be answered like will the process of exit be smooth, how it can be done, the impacts, i don't think all these have been completely thought of.
442  Bitcoin / Bitcoin Discussion / Re: So we can get paid BTC for searching on Bing? on: June 26, 2015, 01:46:36 PM
Too bad bing has been very selectively on who they will want to pay for using their search engine. It really doesn't matter that much because bing is not the only channel you can actually use to earn bitcoin. Participating in this forum is also another way to earn and get paid in bitcoin for the things you are already been doing. So It's the same concept.
443  Economy / Economics / Re: Which country looses the most when Bitcoin becomes the Currency of Planet Earth on: June 26, 2015, 01:34:40 PM
Obviously the country with the strongest currency that can, to certain degree influence and manipulate the money market. I don't think I need to go on further about this, as you would have probably got the idea. Oh yeah, and also the countries where their currency becomes the world's reserve currencies.
444  Economy / Economics / Re: Making Bitcoin safer for the mainstream...could be catalyst for growth! on: June 26, 2015, 01:30:04 PM
http://finance.yahoo.com/news/software-makes-harder-bitcoin-criminal-150624043.html;_ylt=AwrXnCegqodVeXkAfY7QtDMD;_ylu=X3oDMTByYnR1Zmd1BGNvbG8DZ3ExBHBvcwMyBHZ0aWQDBHNlYwNzcg--

One of the major reasons banks have been wary of accepting bitcoin as a viable currency has been the cryptocurrency's association with illegal activity — specifically money laundering.

Because banks are responsible for keeping track of inflows and outflows and ensuring that the money hasn't come from an illegal operation, they have been hesitant to embrace digital currencies. However, Elliptic, a London-based bitcoin startup says its latest software development could change all that.

Bitcoin Tracking
Elliptic is a program that is able to track a bitcoin's movement using blockchain, allowing banks to get a better picture of the source of a particular coin.

The software uses machine-learning in order to skim every corner of the web to track the movements of bitcoins. The company claims this technology could be the key in bringing bitcoin into mainstream use.

...of course this could also be used by Governments to track the currency over which they have no control.

If coins are easily tracked that would defeat the whole purpose of having bitcoin in the first place. Having said all that, the answer is 'no' if you ask me to trade anonymity for the sake of accelerating bitcoin's growth. For them, it's not the anonymity that matters, it's whether they have the power and control to create a unit of bitcoin out of nowhere.
445  Economy / Speculation / Re: Bitcoin ready to take off!!! on: June 26, 2015, 01:19:21 PM
It doesn't matter. I would prefer price to stay the same and maintained that way. Have you noticed that price has stayed relatively stable for the past few months? That shows that volatility has finally settled down to allow business adoption. That's the level of confidence that we need moving ahead, not just some overnight jump and then goes back to square one when the dust finally settles down.
446  Bitcoin / Bitcoin Discussion / Re: What projects are you most excited about? on: June 26, 2015, 01:15:23 PM
For me, it's definitely the ETF and talking about it, I'm just wondering why it took so long to launch. Although the flow of investment fund is one thing, what mattersmost is actually the recognition part especially with the SEC. That could somehow change people's perception that they are having towards bitcoin.
447  Economy / Speculation / Re: If Greece leaves Euro - effect on BTC? on: June 25, 2015, 10:23:04 AM
Nothing can be predicted at the moment because generally I would say that though the people are quite concerned about how they could protect their money but they haven't really find a way to overcome that, and even with bitcoin there, they still haven't fully buy in to adopt bitcoin. We might see the price rally a bit but the increase could be driven by current btc holders and not newcomers. 
448  Economy / Speculation / Re: Climb to $400 once Ethereum is released (August) on: June 25, 2015, 10:10:10 AM
I don't think this will be the only driver that will put pressure for price to go up. It may or may not be significant but I expect the halving would have created a bigger impact. Also the talks about the twins etf fund have being going on for some time now without any indication of its release date, so that could also be one of the positive indicators. We really need fresh funds flowing in for the price to go up.
449  Economy / Speculation / Re: Anyone Lending Their Bitcoin To Shorters Is An Idiot on: June 25, 2015, 10:00:58 AM
Well a person will be lending the money out for fixed interest and the money will be used by the shorters to essentially use as a capital to leverage their position and further pile up to short positions. It makes sense because the lender is actually losing money when they get paid with coins which are actually lower in value. But one thing we shouldn't forget is that if the short positions did not go favorably for them if let's say, bitcoin price goes up (even though the short orders are big) they will still end up losing money. Basically they are taking a risk. And if goes too low that bitcoin is seen as being undervalued, price would go up that eventually cause them to lose their position.
450  Economy / Speculation / Re: Amazon is going to accept bitcoin in the near future on: June 25, 2015, 09:52:03 AM
Well, it looks more like a standard automated cut and paste reply to me. From their business viewpoint, they won't integrate as long as the volume is not big but when this starts to go mainstream, I'm sure you don't even need to send an email asking them for a favor. They will voluntarily do it. But I'm sure like every big business entity they are monitoring the progress of bitcoin.
451  Bitcoin / Bitcoin Discussion / Re: Blockchain on: June 25, 2015, 09:45:55 AM
Nothing will happen to bitcoin. It's just the technology that they are interested in. However, if you are talking about using the blockchain technology to develop a payment system that rivals or even better compared to bitcoin, that will be another different scenario. I suggest you read up about what is blockchain because your confusion seems to stem from the fact that you thought both are inseparable.
452  Bitcoin / Bitcoin Discussion / Re: First Bitcoin ATM (BTM) comes to Greece amidst the recession! on: June 25, 2015, 09:28:00 AM
People should realize that if they have limitation to take out their money, this is definitely one of the solutions because nobody can control where bitcoin goes. If that is not enough to convince people to see the benefit of bitcoin, I don't know what else further we can do. It's interesting to see how this will develop and change over time.
453  Economy / Speculation / Re: Who will become a trillionaire first: Bill Gates or Satoshi? on: June 24, 2015, 02:14:50 PM
That is a very interesting assumption. I guess if bitcoin price suddenly went up 4000 times or higher overnight, which is by the way very much unlikely, it could mean that sathoshi will become the first person to become trillionaire and beat bill gates. I think if you were to ask me, I still think bill stands a better chance because his business model is more conceivable.
454  Economy / Speculation / Re: fast pump ? on: June 24, 2015, 02:02:53 PM
As stated, the price data is continually gathered from multiple markets. A weighted average price of these markets is shown by default so essentially what it means is that there is a probability that on one exchanger, large orders could have been executed causing the remaining supply to be sold at higher price and thus drive the numbers up.
455  Other / Off-topic / Re: How many Bitcoins are lost forever? on: June 24, 2015, 01:58:24 PM
Well, we can't really estimate without getting all the required information. An address staying dormant for a long time may not necessarily means that the owner could have lost the private key, nevertheless that person could have just set the cons aside or have it transferred to an offline paper wallet without trying to access it.
456  Bitcoin / Bitcoin Discussion / Re: ‘Ultimate Bitcoin stress test’ ends up proving larger blocksizes are unnecessary on: June 24, 2015, 01:55:14 PM
I doubt 20 bitcoins allocated for the test can actually put out a good representation. What if the stress test prolongs and more and more backlogs start to accumulate? We are already at point where a few minutes of delay is considered slow, so how about twice of the time added to that? No matter what the outcome, I still believe increasing blocksize is one of the solutions.
457  Economy / Economics / Re: Banks will adapt to disruptive impact of new technologies like Bitcoin on: June 24, 2015, 01:50:18 PM
Well maybe at current situation when people are not that well informed. We have seen giant companies getting squeezed out from emerging technologies, so in any scenario no one can actually predict what would happen, even when you say that you have every corners well covered. But it's an understatement when they say integration is possible. When you can't print, you can't control it, so it's a totally different ball game.
458  Economy / Economics / Re: 62% of New Millionaires come from Asia on: June 24, 2015, 01:28:41 PM
With growing economy, there's a huge untapped market and generally those who got in early investing in startups are now already a millionaire. Business is booming and it's a matter on how they seize and grab the opportunity. My hope is that if only that group of people see bitcoin as a viable option for them to protect their wealth.
459  Economy / Economics / Re: Euro's not fungible on: June 23, 2015, 12:35:41 PM
All paper money can essentially become worthless in a day not just the Euro. For me, it doesn't matter where it gets printed, a paper money is still a paper money and as long as there is no control or whatsoever Banks basically has all their say to dictate the terms and condition. Finally it all depends on us whether we want to buy into it.
460  Economy / Economics / Re: maybe the big opponents of bitcoin are not the banks but their IT providers on: June 23, 2015, 12:19:47 PM
Maybe I didn't understand what you are trying to say correctly but my thought is, doesn't the banks own and control IT instead of the other way round? So essentially even if you say that it's the "old" IT that becomes the stumbling bloc that opposes and delay bitcoin progress, isn't that the same group of people who made up and control the existing corrupt financial system?
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