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4401  Other / Politics & Society / Re: McDonald’s Is Days From Opening Restaurant Run Entirely By Robots on: May 25, 2016, 04:00:36 PM
The interesting question is whether people would be happy to buy their burgers from such a place. I guess there is only one way to find out. It might prove not as popular as staffed restaurants. Robots sound cheap, but they require upfront capital and maintenance. If a robot restaurant did less turnover than a staffed restaurant, then the lack of RoI would mean a switch back to staffing.
4402  Alternate cryptocurrencies / Altcoin Discussion / Re: What altcoin gives you around 5.4% return everyday ? on: May 25, 2016, 03:57:42 PM
There isn't any coin that gives 5.4% return a day. If there was then $1 would turn into $217 million in a year with reinvestment and compound interest. Does that sound likely?
4403  Economy / Speculation / Re: Ethereum scammers trying to suppress BTC till they find someone to Dump Eth on on: May 25, 2016, 03:53:40 PM
LOL where is Segwit??

keep getting delayed infinitely

It-s like Unicorn~~
miners consensus on Segwit will take forever and may not happen. Then, why not wait for 8mb hard forks??
BTC is doomed.

Noobs like you are not well informed enough. Why dont you google for SegWitt(roadmap)/Lightning/Thunder network?

The miners alrdy said they will support SegWitt and it will be released before the halving.

Segwit was supposed to be released in April, and we're nearly in June. The halving will happen in a few weeks, and Segwit won't be released in time for it...
4404  Economy / Trading Discussion / Re: Remittance trading with BTC on: May 25, 2016, 03:31:08 PM
There are a few remittance businesses already in force. I think Africa uses the MPesa network and the Philippines uses rebit.ph.

You might want to read the following articles to get a better understanding of the remittances-by-bitcoin space:

https://medium.com/@Cryptonight/bitcoin-doesn-t-make-remittances-cheaper-eb5f437849fe


https://letstalkpayments.com/19-bitcoin-remittance-startups-that-wont-let-the-cryptocurrency-die/


http://www.investopedia.com/articles/investing/030816/world-will-soon-use-bitcoin-send-money-home.asp

The gist seems to be that moving money is easy but the infrastructure at either end is difficult.
4405  Alternate cryptocurrencies / Altcoin Discussion / Re: Coinbase's co-founder said that Ethereum is crypto's future. on: May 25, 2016, 03:07:11 PM
https://medium.com/the-coinbase-blog/ethereum-is-the-forefront-of-digital-currency-5300298f6c75

I got to say. I agree with him. Ethereum has matured enough to say that it's not an Altcoin anymore.

At this point, I expect Bitcoin to crash. This is the droplet that will crush the filled glass.

Moreoever, we are at a double top right now.

That's an interesting article. It explains why there are so many anti-Coinbase shills trolling this forum at the moment.  Smiley Can you smell the panic?

No one likes coinbase they're a shitty business whos purpose is to leach money out of crypto and turn it to fiat.

They allow Americans to use bitcoin easily. In 2013, when Forbes did a series of articles about trying to live on bitcoin, it wouldn't have been possible without Coinbase - they essentially allowed the writer to transfer fiat to Coinbase, buy BTC easily, and then use it via their app. With everyone else you need cumbersome (and expensive) procedures to purchase it if you are American (Europeans have it easier thanks to Kraken).

As of October 2015 Coinbase had 2.7 million customers - I don't think any other bitcoin service has that much reach.
4406  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Where to buy DAO tokens on: May 25, 2016, 02:41:50 PM
DAO is available on both Poloniex and Bittrex. I think someone did a thread on this forum for how to buy them on Bittrex - do a search on his forum to find it.
4407  Other / Politics & Society / Re: EU exit could add two years to austerity, IFS says on: May 25, 2016, 02:29:26 PM
LOL They seem to be getting desperate. Their arguments would have more weight if so many economies in the eurozone weren't struggling under severe austerity and recession.
4408  Economy / Gambling discussion / Re: Best way to turn 30 btc into 300 btc? (URGENT) on: May 25, 2016, 02:13:49 PM
You're not talking about making 2% profit in 1 year, you're talking about 1000% in 2 months...

Yes 1000% is exactly what I need to make in 2 months, or else I am fucked.


Nobody can make 1000% in 2 months, not even the professional investors. Sell your losing alts, and get a job. Then perhaps you stand a chance of earning back the money you lost.
4409  Alternate cryptocurrencies / Altcoin Discussion / Re: Coinbase's co-founder said that Ethereum is crypto's future. on: May 25, 2016, 02:11:00 PM
https://medium.com/the-coinbase-blog/ethereum-is-the-forefront-of-digital-currency-5300298f6c75

I got to say. I agree with him. Ethereum has matured enough to say that it's not an Altcoin anymore.

At this point, I expect Bitcoin to crash. This is the droplet that will crush the filled glass.

Moreoever, we are at a double top right now.

That's an interesting article. It explains why there are so many anti-Coinbase shills trolling this forum at the moment.  Smiley Can you smell the panic?
4410  Economy / Exchanges / Re: Coinbase falling is a big deal on: May 25, 2016, 02:06:51 PM
A bunch of these FUD posts are popping up because coinbase enabled ETH trading today. They got tired of watching Bitcoin's utility and competitiveness be eroded away to benefit Blockstream's plans for a settlement layer model for BTC. As Core has capped the potential growth of the Bitcoin network... businesses, users, and investment will flow to competitors. It's not personal, it's just simple 101-level economics.

This. They are under concerted attack from people cross at them for adding Ether. What did blockstream expect? All the stuff they promised (SegWit etc) hasn't happened, and the network is getting more and more congested. It is natural for Coinbase to respond - because their users want an alternative too.
4411  Other / Beginners & Help / Re: Activity in profile on: May 24, 2016, 02:35:04 PM
Hi

i am newbie,

My Activity shows 28 , and after that it is not  updating any activity count on profile , i am logging and posting everyday.

is there anything needs to be done.


Activity is the lesser of your post count and 14, and it updates every two weeks. So in two weeks time it should go up.
4412  Economy / Exchanges / Re: Who is Coinbases S&P A+ rated Insurer on: May 24, 2016, 02:30:25 PM
hmmm... it seems like you are very sure Coinbase's trouble is coming. Any advice? Buy or sell?

move to any alt u can get a withdrawal from and convert back to ur choice

could be nothing I just want to know who the insurer is

I opted out of investing with coinbase after I emailed them

a couple of years ago

If you stopped dealing with them a couple of years ago, why are you so obsessed with them? Live your life and be happy!  Smiley
4413  Economy / Service Discussion / Re: CCCB: Coinbase is close to Bankruptcy on: May 24, 2016, 10:35:46 AM
Been seeing enough reports recently to suggest they are in major

trouble,
can you tell me more specific reason?becuase currently i use coinbase and its going normal,i sent bitcoin to my other wallet a minutes ago,sent very fast and low fees,hard to believe if this really happen.

Sounds like an orchestrated campaign from people who got caught by Coinbase's risk/fraud management procedures and are sore.  

They have venture capital behind them, and they have insurance. The whole point of insurance is to protect you from bankruptcy - you pay your premium to transfer the risk to the insurer. Of all the exchanges out there they are the least likely to go bust because of that.
4414  Economy / Service Discussion / Re: Signature Campaigns: Worth The Time? on: May 24, 2016, 10:11:54 AM
You are not going to earn a living from a signature campaign. But if you post on here anyway, you might as well have one, and collect extra bitcoin on the side for doing what you would be doing anyway.
4415  Economy / Economics / Re: What if US Dollar Crashes? on: May 24, 2016, 09:17:20 AM
The only thing that will make USD crash is if there is a mighty, global economic collapse. That is not good news, even for bitcoins.


It means bitcoins will be the only reasonable means of exchange and you can't even sell btc for your local currency because your local currency would have been seriously devalued due to the world economic condition.

If there is a global crash, the dollar will rise - flight to safety. It happened during the financial crisis of 2008, and then in 2013 during the eurozone crisis - the dollar rose both times.

The dollar isn't going anywhere (and neither is the pound or swiss franc). They are backed by stable democracies, and yes they will have recessions from time to time because recessions are normal, but nothing is going to happen to their currencies.

It is the weak countries that will adopt bitcoin. What will happen is their own currencies become worthless but they can't get hold of US dollars (because of capital controls), so they will opt for bitcoin as the next best thing. See Venezuela for this in action. The bolivar has collapsed, the people want US dollars, they can't get them, so some are opting for btc.
4416  Economy / Economics / Re: The Shift To A Cashless Society Is Snowballing on: May 24, 2016, 08:40:21 AM
Seriously, the only usage for cash right now is for scammy people to transport their funds overseas, to trade illegally, or to money launder. There aren't that much people that need cash right now.



Nonsense! You need cash to pay for taxis and in pubs (neither of which will accept cards or bitcoin). Also farmers market stalls and open air car boot sales and temporary christmas market stalls. How dreadful if you needed to sell a few things, but couldn't take cash and had to set up an online payment system just to get rid of your old sofa! Cash will always exist because it is so convenient.
4417  Other / Politics & Society / Re: Up with Hitlery on: May 24, 2016, 08:24:54 AM
You knew you lost the argument as soon as you went Godwin in the title, right?
4418  Bitcoin / Bitcoin Discussion / Re: Cryptsy has now been dissolved on: May 24, 2016, 06:28:47 AM
They are in administration - if you'd been watching the alt section you would have known that a receiver has been appointed two months ago and is in the process of auditing their accounts.

yes i knew they where toast in Jan 2014



Uh-huh - but you've only just noticed their website is offline? You are a font of wisdom this morning.

when did u notice the website had been closed

why would i check everyday?



The website closed down several months ago when the courts appointed an administrator... Pretty much the whole crypto world knew about it (apart from you apparently!  Smiley
4419  Bitcoin / Bitcoin Discussion / Re: Cryptsy has now been dissolved on: May 24, 2016, 06:17:03 AM
They are in administration - if you'd been watching the alt section you would have known that a receiver has been appointed two months ago and is in the process of auditing their accounts.

yes i knew they where toast in Jan 2014



Uh-huh - but you've only just noticed their website is offline? You are a font of wisdom this morning.
4420  Economy / Service Discussion / Re: CCCB: Coinbase is close to Bankruptcy on: May 24, 2016, 06:14:26 AM
What reports? Coinbase has a lot of venture capital behind them - They raised $75 million in 2015.
Can you say 'burn rate'?  $75M is nothing the way these guys were operating a year or two ago.  They've been spending money out their ass with a huge staff of people doing a bunch of bullshit.  The hype will really get to you.  I believe the reports.  Get your money out of Coinbase now - don't wait around until another Gox thing happens.  If you do, it is your own damn fault and nobody around here is going to listen to your fucking crying.

Again - what reports?

Produce something specific. I know this forum hates them because they advocate a blocksize increase, but trying to spread FUD about their business without any proof is a bit low...
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