If Bitcoin achieves critical mass adoption, then it will be the answer to end world poverty, and we can finally be allowed to work for ourselves, rather than having to request authorities for permission.
Central, regulatory institutions only help to restrict, control and stop you from working when you can work. It prevents first starters from taking the first step to gain work experience. Impoverished circumstances will lead most first starters to take any ungainful experience that actually lead nowhere in life. The end result of systems that serve the banking system is always bail outs for the banks.
Could you explain how bitcoin could possibly end world poverty? Its not like its going to create water, food and education out of tin air. Its not going to make earth able to support more population. |
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I believe that with 500 bitcoins is possible to stay quiet , although at the time about 150k dollars surely this value will win about 50 % in the coming years and can anticipate what to wait 20 years for such a feat , and may be only 2 or 5 or 10 years , would not be optimal to anticipate your retirement ?
500 bitcoins seems pretty comfortable if the value keeps rising and it just goes over beyond what we hope to see. although the waiting process seems a bit daunting for most, which id probably die in 20 years then it to see it anywhere. That's hell of alot of money to gamble on BTC's future value :S Investing all that money in a proper venture, BTC-related if need be, sound like a much better way of securing one's future... One would assume that this bitcoin would be coming from early adopters paid in a cheap price. Or ran a business on the side that accepted bitcoin and that indiviual sold and bought bitcoin also at the same time to accumlate that much.. Hmm well i understand if you had BTC from 2009. This topic just feel more like "How many BTC should i go acquire to be able to retire." And remain the fact if you cashed out now you'd have 150k... and for all you know, BTC could die out since its lacking the performance and features of a rapid/popular payment processor. |
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I believe that with 500 bitcoins is possible to stay quiet , although at the time about 150k dollars surely this value will win about 50 % in the coming years and can anticipate what to wait 20 years for such a feat , and may be only 2 or 5 or 10 years , would not be optimal to anticipate your retirement ?
500 bitcoins seems pretty comfortable if the value keeps rising and it just goes over beyond what we hope to see. although the waiting process seems a bit daunting for most, which id probably die in 20 years then it to see it anywhere. That's hell of alot of money to gamble on BTC's future value :S Investing all that money in a proper venture, BTC-related if need be, sound like a much better way of securing one's future... |
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Hmm, i would more mainstream application. Like more openly accepted by vendors online. That China stop having a monopoly on it and that mining it with cheap electricity remain very profitable. I wish BTC could remain profitable for small home miners. I wish BTC would have faster confirms  |
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Mastercard and such only have so much to lose because of how much they milk people with the created need of easy transaction access. If they want to keep making money they just have to make a better system. Expecting the same method to produce money forever, demanding that no one ever create a better/cheaper/more efficient system is some serious greed.
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Woah Kinda Necro. But i'm wondering if anyone has data/spec/config on pencil modding the S1 to 0.75v?. Everyone seemed to have stopped at 0.85v! Google and Search function return many mention of people asking the same question, but never any answer. So i figured i'd try one more time  |
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While we're at it, maybe the block reward should grant subsidy bonus to people who use renewable energy?  The principles of economics and laws of thermodynamics already incentivize miners to use renewable energy. Many mining farms are now using hydroelectric power and some even geothermal. The one temporary exception is a few are using cheap coal but that is only because certain states are both protecting polluters and even subsidizing their behavior. Yeah, i love my hydro. Just pointing out the thread was going on a tangent. The waste of electricity really is significant if it is of non clean/non renewable source. Blaming BTC of creating pollution is like blaming Americans of eating at McDonalds. |
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you all say that but right now I dont see any sp20s anywhere even on this forum for less than 500.
please post links of these magical unicorn sp20s selling for $350, heck i'd buy them myself to resell.
Well on the first page i found this one going for under 400 if you dont count shipping; https://bitcointalk.org/index.php?topic=1133997.0There was also someone selling those asic or S5s for even cheaper if bought in pairs. (500$ for a pair) Generally, the actual going price is often half of what it goes for on eBay. At the moment i'm buying at 250$/ea+shipping. I understand if you want to go sell on eBay. It is probably possible to get more, even after their cut. No one will sell you working sp20s for $250 lol gluck with that, $250 or $350 is along way from $500 you sound like a dumpster diver or Garage sale shoper id let the units collect dust rather than basically throwing them away for $350 Thats okay the sp20 is an inferior and loud unit. There's cheaper and more quiet units available on the forum. |
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BTC price went up. And people here don't want SFARDs. People are actually waiting for Bitmain's Announcement.
Also, 265 days ROI isint a bargain.
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While we're at it, maybe the block reward should grant subsidy bonus to people who use renewable energy? Since we're into far fetched and convoluted ideas that cant/wont be implemented anyways~ xD |
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Payout 367131 sent
40035ec711b1e588e55d0ec8b405197d6db2fa2e8db87cfc1f15c94a8bda286f
and confirmed
You are my favorite Penguin |
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I still wonder how come only one side fried and not everything.
We lose single ports in big rack mounted, ups protected switches all the time. Same deal, path of least resistance. It is weird. Oh i see, somehow i thought it would be easier for lightning to propagate evenly instead of picking a path and shoving it through to the end. Well i guess its better than losing all your ports on your whole rack. :S |
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you all say that but right now I dont see any sp20s anywhere even on this forum for less than 500.
please post links of these magical unicorn sp20s selling for $350, heck i'd buy them myself to resell.
Well on the first page i found this one going for under 400 if you dont count shipping; https://bitcointalk.org/index.php?topic=1133997.0There was also someone selling those asic or S5s for even cheaper if bought in pairs. (500$ for a pair) Generally, the actual going price is often half of what it goes for on eBay. At the moment i'm buying at 250$/ea+shipping. I understand if you want to go sell on eBay. It is probably possible to get more, even after their cut. |
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Hmm. Weird, the rating on this bar is enough for intense storm and it guarantee anything its connected to if it get fried. Still good to know, thanks.
I guess this is pretty much settled for you anyways, since you sold it.
I still wonder how come only one side fried and not everything.
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I actually am running this experiment right now as well, basically trying this out for fun. Shortly after my post here on the 20th, I decided to create a YoBit account to test the OP's theory and to see if I could get performance similar to what I wrote earlier: https://bitcointalk.org/index.php?topic=1126751.msg11928241#msg11928241I wanted to keep it realistic, meaning instead of just transferring .001 BTC in, I wanted to try and see what a person new to bitcoin with 0 invested would be able to do. I began by using my test account's YoBit BTC wallet address, I hit up faucets for two days (all I could stand) and of course hit all the free coin buttons on YoBit which contributed some additional dust. I managed to accumulate ~ 0.00036 btc before becoming brain numb from the mindless clicking on those stupid faucets. Doing the math that comes out to just about a penny..... Not looking real good for initial investment, but hey a start. Anyway, I then began looking at some coins on YoBit to invest in. Since my initial investment amount was miniscule, I only was looking at coins > 100 sat. I placed a few low-ball buy orders on a couple of coins that did not fill. At the time BIOS coin was newly released so I thought it may have some upside potential. I placed a buy order for 1440 BIOS coins which filled and I manged to snag some BIOS coins for 25 sat each. Figuring it would have some good upside potential, but wanting a fairly quick sell as in the OP, I figured a initial 5x profit potential was an good place to start. I placed a sell order for all the coins for 125 sat each and went to bed. The next morning which was the 24th, I was pleased (but not surprised) by sell order went through. I see BIOS actually spiked a bit higher, but I was still ok with 5x return. So far then my test account log looks like this: July 20 - Created account on YoBit and began hitting faucets - Ending Balance: ~ 3600 satoshis in BTC (only hit a few faucets before going to bed). July 21-22 - Hit various faucets including YoBit's free coins- Ending balance: 36,000 satoshis in BTC and some dust in other coins. July 23 - Hit a few more faucets which should be coming in, by now was I was sick of captchas so decided to start with the trading. Invested 36,000 sat into 1,440 BIOS coins @ 25 sat each. Note: I am not keeping track of fees at this point, as figuring extra dust and faucets will initially cover this. If the experiment gets to higher gains where fees are significant (> .001 BTC) I will start tracking those too, but for now this is easier. July 24 - My sell order of 1,440 BIOS coins for 125 satoshis filled. Researched other coins and not finding anything attractive decided to try BIOS again. It had dropped down to the 60 sat range so I placed low ball bid on 6,000 BIOS coins for 30 satoshi each. Balance now: 0.0018 BTC (180,000 satoshis). July 25th - My order has not yet filled. Canceled order and placed new buy order for 4285 BIOS coins at 42 sat each. If this doesn't fill I will look at other coins, but think BIOS still will have some volatility as it is new. I will update this as I go on. If I get some more profit I might even break it out in its own thread, but for now I would think it only of interest to people in here. NOTE: The reason my amounts seem so rounded (i.e. 3,600) is due the fact that I found what I consider the least annoying faucet that pays 1,200 sat every 15 minutes. I found it easier just to click this once in awhile throughout the day than keep track of many others that pay even worse and have more hoops to go through. My only other source is the YoBit exchange, which only awards 1 sat in BTC every 10 minutes and the free other coins which I don't have enough accumulated to trade yet. July 26 - After evaluating the YoBit coin selection and not finding too much interesting, I re-opened my buy order at 42 sat on BIOS. It filled yesterday, yea!? I now have 4285 BIOS coins I am looking to sell. I see the sell orders are ~50 and it looks like the spikes into the 100's are over, so I am setting a sell order at 84 sat, or a humble doubling. I will keep you posted, but so far I think I have dispelled any earn 1 BTC in a week simply from faucets. It could be argued my investment strategy is wanting, which I freely admit it is, but I did not see any mentions of being an expert trader in the OP, so I think the experiment is still valid. I will maybe let this run for 1 month and see how it goes. The volume on YoBit is pretty low, so if I can trade my investment up to a point where the transfer fees will not destroy it, I may move the amount to a different exchange with higher volumes. Thanks for sharing. Be aware that there is often a much smaller spread on higher volume coins. But still, i've had doubts that this is 1btc per week because i've done it before. I did earn but nothing like that and i started with 0.03, so... xD I'm even more sure this ain't a proper tutorial now. I was wondering if maybe i just did it wrong but, your experience is the same as mine over the course of 2 weeks. |
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Very logical. Banks could save money using the blockchain as a strong international ledger, but they couldn't do the business they do with BTC as a currency. There's a still a window of opportunity with some kind of credit around BTC, though. I wonder which bank will seize it.
It would be hard since in many country there's nothing that would protect them since the BTC is in legal limbo or in weird legal statuses. They would have no legal resources to force people to pay back, etc etc. |
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already done that my day job is signature campaign lol, job kill your life, with signature i can earn comfortably at home without paying any taxes on it, because i'm not selling bitcoin or anything, this is the best part of it
being payed directly in bitcoin with those kind of activity is fantastic
But when you want to buy something with it what are you going to do? Say for example, that BTC goes to 10K in the next years and you can afford a nice car or real state. How can one buy that with BTC without getting it taxed? When they ask where the money comes from what will you say? it came from "sig campaign?" i ask because a friend made a lot of money mining and a little with sig campaing too and is on the same boat. Has never sold or bought with fiat so goverment has no idea that he owns a couple thousands in BTC. There's tons of stuff i buy and use every month and can pay with BTC. Like games or or appliances. I can also have a 3rd party pay my bills using bitcoin. It really depend on the law, the same rules doesnt apply to everyone. Your questions have different answers depending on who you ask. Me i need to count it as an "other income" if i end with move value than i put in. Which isint the case. |
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no way u paid 60$ for s3 show me the link / recp or you're lying. maybe s2's or whatever was before the s3 but no way s3
He said he "would do 60$", and 80$~ is still the current price. And before the S3 there's the S1, the S2 is a bigger stackable unit. 60$ with Shipping would amount to 3-4 months ROI maybe. |
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I think the biggest impact this has is to get the word out about bitcoin. It makes it look so much better if such a big exchange like nasdaq is using it. It is goin mainstream, that is what it says. Anything else is secondary. I think this will start to get some real attention.
Indeed. Any mainstream application for Bitcoin can draw attention to it. Hopefully it will be the good kind of attention and no massive corporation will see it as BTC becoming a threat. I mean, its possible to take BTC and make it a big application but its also possible to kill it, if you have the money, so~ Let's hope this just mean upward pressure xD |
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aurora was simply a shit coin with false promise, it was premined around 50% with the promise of a good distrubution among the users of iceland, which i doubt it ever happened in the first place, and surely was orchestrated in a shady way
it was an huge pump scheme for sucking money from poor icelender, the dump in fact happened before the distribution leaving those that should've recieved their coins with a worthless bag
real good distrubution that happen naturally like with bitcoin, and lasts many years it's a completely different thing and will only help stabilization and dismiss big p&d
Ok, did anybody try really wide distribution without any scam ? You would have to check ripple; http://coinmarketcap.com/currencies/ripple/It's a weird coin so you would have alot of reading to do. It was 100% premine i believe and is being distributed manually to prevent this among other things. It is the #2 market cap coin so this is probably the closest to do what you're talking about. I noticed that Ripple has huge swings in price. How come Ripple labs cannot maintain stable price ? I don't know exactly. There's factors like... its crypto. The trust people put in crypto is up and down. Its not based on something of value like Gold. Etc. You'd have to talk to people who are actually into Ripple. I am not. |
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