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4501  Other / Beginners & Help / Re: Did you earn some bitcoin today? on: August 31, 2015, 07:36:11 PM
I haven`t earned yet. i just started earlier but i`m sure i`ll be earning bitcoin soon and i cant wait to get paid and save them for my studies.

Your studies? Dont even bother with it, college diplomas are worthess toilet paper.

Better save it up, to create a business and that way you will earn real money. College graduades usually end up in minimal wage dish-washer jobs.
4502  Economy / Economics / Re: Is bitcoin dead? on: August 31, 2015, 06:12:43 PM

There will be always skeptics, even if btc hits again 1000$, they will say that its another bubble and that it will pop too and die.


$1000 is still nothing. It could be squashed flat and the rest of the world wouldn't care less at that price level.

Ok but last time it didnt even hit 1000$ it was probably 870$ or something, because the mt gox guys have manipulated the prices with fake accounts.

Plus back then there were less bitcoins.


Now if it hits 1000$ that would be a 14,556,000,000$ market cap, which is not peanuts.

Its far bigger than any other newbie project in any sort of fintech, so the world would start to grab attention by then.


After it hits 100 billion $, then it will start to be really serious.
4503  Economy / Economics / Re: Bitcoin is Becoming a Global Currency on: August 31, 2015, 05:22:54 PM
Regardless of speculation, I don't see fiat disappearing anytime soon. Only expand, remember there are bazillions of currencies in existance. Working in parallel. Each have it's niche, either beeing locally accepted or universally applicable (as in world's reserve)

They will both fight with eachother until all of them simultaneously reach their intrinsic value:  0.

Its called currency wars, and it will end in a few years, of that I have no doubt. Now it can end softly, or it can end the hard way.

But eventually hyperinflation will be inevitable. So then bitcoin will have a strong up-hand!
4504  Economy / Economics / Re: Do you think Bitcoins has a great future in India? on: August 31, 2015, 05:17:26 PM
No, because there are not so many computer users in India. India is very poor country, and in foreseen future I do not see any possible changes in India  Smiley
You dont need PC, you need only a phone, which obviously guys have. Even africans have phones.

Basically put a bitcoin wallet on a smart phone, (internet via mobile internet , since i doubt some poor villages have cable internet).

Problem resolved. I see many hackers and programmers from india, so they must have to know how to use PC obviously.
4505  Economy / Economics / Re: Is bitcoin dead? on: August 31, 2015, 05:04:04 PM
bitcoin is still standing strong why consider it dead though

because some people here want to buy cheap coins and spread FUD.

Would you imagine Bitcoin's price to lower down to $100? This could all be possible thanks to Bitcoin XT. If that happens, I'll buy a big sum of Bitcoins and hold them for the next increase in price.
If the price of bitcoin increase after 2 years would you keep it? Because anything can happen, so you can't say that you can keep it until the price of bitcoin goes up again.

You do have a point there. I'll just hold them until there's an increase in price (around $1000) and hopefully cash out some coins into fiat. The rest of Bitcoins would be exchanged into Nubits. They're are pegged to the value of USD and thus, it would be a good option just in case Bitcoin's price goes down (I think). Just my opinion.  Roll Eyes

Yea but they are not pegged 100%, because they use a basked with like Peercoin and such.

If you really want a crypto-USD then try BITUSD, that one is really pegged to the dollar!
4506  Economy / Economics / Re: Stock Market Crash =\= Bitcoin Surge on: August 31, 2015, 05:01:28 PM
Though there is not a direct Impact of value but yet there is some indirect evaluation behind it.
We measure the value of Bitcoins in terms of $ or Euro Value , the more the the value of Bitcoin appreciates the better it is for us.

The Stocks has direct impact on the value of USD or Euro , as market crash the value changes , which in turn affect the bitcoin.

When the stock market crashes the currency gains value in terms of other currencies and vs the stock market.

However in terms of real prices, when a bubble crashes, then the inflation gets out of Aladin's lamp, and flushing into the economy, raising prices everywhere.

When this happen, people are panicking, and are looking for a better currency, this is when bitcoin comes into play!

4507  Other / Off-topic / Re: The craziest shit you can buy with bitcoins right now? on: August 31, 2015, 01:51:25 PM
maybe you can buy a new wife  Cheesy Cheesy

i hope that your wife or girlfriend ( if you have one of course ) didnt read your post here lol xDD

btw is not a bad idea XDD

Who cares really?

I heard that in Japan you can rent a girlfriend for different periods. It's a really interesting concept, perhaps it will be adopted in bitcoin payment too Cheesy
Why would your girlfriend allow you to rent her when she can herself do that  Huh

do you know about bored, some people will use the money to buy anything in order to eliminate boredom, including rent a girl
My question is why would girl allow her boyfriend to rent her and make money.Dont we already have hookers for that?

They are not just for sex, they are also performing other stuff that girlfriends do, for example romantic stuff, and household stuff.

So basically you rent her for an X amount of time and she will act as if it were your girlfriend.


Probably some lonely fat ugly guys who have money would like this service, to get a hot babe as girlfriend for a week for example. He can impress his friend which his hot babe girlfriend.
4508  Economy / Economics / Re: How Bitcoin Makes Banks Obsolete on: August 31, 2015, 01:45:50 PM
I am sure in the future when any form of crypto/virtual currency will take the lead there will be digital banks (even though it is totally not needed).
Virtual banking will be our reality just because banksters and corporation will make it look trendy and needed so people would follow.

The other one would be to totally ban bitcoin, and setup a spygrid tracking everyone who uses bitcoin and putting them into cages.


Assuming that such a situation could only takes place when mass adoption is taking place regarding bitcoin and banks can definitely feel the heat, publicly determined to eliminate such a service labeling it a scam and hence determined illegal. Idk how the govt can have the power to track every bitcoin user, I thought the btc technology promotes anonymity and protects users. Oh, and once such a mass adoption would be taking place, let's assume around 10 times than the population of users now, good luck trying to arrest 5-30 million people, maybe more.

They dont have to arrest 30 million people, its enough to arrest 100-200 of them to make an example and every other person will just obey.

Thats what always happens in any crime, if you were to arrest every person on the planet that has comitted a crime, no matter how small then the planet would instantly turn into a prison planet.

Funny though we already live in a prison planet, so i think justice has already been served... Cheesy


==

But joke aside, that is how population is controlled, you make an example of 1-2 people, then the 1 million other sheeple will be too scared and it will obey.
4509  Economy / Economics / Re: How many people are using Bitcoin debit card? on: August 31, 2015, 12:49:12 PM
I dont use one, don't even know how to use one, anyone is free to explain it to me .

It works just like a normal debit card, because they are co-branded with mastercard or visa.

When you pay your deposit of BTC gets converted into fiat, and the merchant only gets fiat, and also only sees fiat, they dont even know that you paid with bitcoin.

The only one that knows is your card issuer and the place where you hold your bitcoin balance from where you spend.
4510  Economy / Economics / Re: How Bitcoin Makes Banks Obsolete on: August 31, 2015, 12:43:11 PM
I am sure in the future when any form of crypto/virtual currency will take the lead there will be digital banks (even though it is totally not needed).
Virtual banking will be our reality just because banksters and corporation will make it look trendy and needed so people would follow.

Sure, i`m very happy with that, that will be the most civilized, and probably the most likely outcome.

The other one would be to totally ban bitcoin, and setup a spygrid tracking everyone who uses bitcoin and putting them into cages.



I`m sure the first one is the future we all want. We want a civilized humanitarian society.
4511  Alternate cryptocurrencies / Altcoin Discussion / Re: Does anyone still think NXT is a scam? on: August 31, 2015, 09:11:29 AM
I just bought some more NXT today, I really love the concept, so I`ll support it with my AVATAR and the profile text.

Good luck with building a better crypto-platform!
4512  Economy / Economics / Re: The Real Story of Gold on: August 31, 2015, 08:59:10 AM
You do have the option of having gold futures settled in metal and delivered although at this point in time many opt to settle in cash.

However there is a clause in the contract where you can be forced to settle in cash (because most of the gold does not exist), when we get to the point where the dollar is failing and people wish to take physical delivery of the metal this is where 125:1 leverage will get messy because 124 people will just get a wad of worthless paper if they want it or not.

Paper gold is nothing but a legalised ponzi where you get a paper claim backed by nothing and should be outlawed.


So you are saying that printed ponzi fraud gold certificate doesnt have enough gold backing it (3-4% maybe) and when people do a run on the banks claiming real gold for their ponzi cerficates:

The bank will give them another printed ponzi fraud IOU called fiat money in exchange for their ponzi fraud gold cerficate?


Hahaha this is just a twilight zone bullshit, I cant believe people are so idiots to fall for it.
4513  Economy / Economics / Re: How Bitcoin Makes Banks Obsolete on: August 31, 2015, 08:29:16 AM
If everyone started using Bitcoin and removed banks out the factor would be a very moment for banks to close down and BTC to rule and dominate the world for transactions.

Thats why bitcoins growth can be gradual so that banks can integrate themselves. We dont need to abolish banks, but to steer them in the right directions.

I doubt that the oligarchs ruling the banks care about it, they just care about money, and if we allow them time to reposition their investments in bitcoin then they will have no reason to shut it down, but it will just let them invest in it so nobody loses money.
4514  Economy / Economics / Re: simple way to understand bitcoin on: August 31, 2015, 07:46:05 AM
Our trouble isn't explaining this to children, they'll be able to learn about it on their own, the trouble is the grown adults who are in total denial about it.

20+ year adults have the mentality of 7 year old children so you might have to explain to them in this way  Cheesy

Sorry but some people are just so ignorant or dumb that this way of explaining it to them could be the only one.
4515  Other / Politics & Society / Re: Why is there such an insurgence of flat-earthers in 2015? on: August 31, 2015, 07:35:38 AM
Ok this is just far blown conspiracy, the earth is obviously a globe.

Learn about light speed, centrifugal forces,  atmospheric light defraction, and gravity.


You guys must have skipped alot of physics classes in high school to come up with this silly idea, but seriously, flat earth doesn't even make the slightest sense since even the organisms are adapted to the moving earth.

Just look at the flat fish that is living in the seafloor under tons of pressure, it is flat because the big pressure of the ocean is making it flat otherwise it cant exist.

If the earth were flat then every organism on it would be flat too, because the enormous weight of the amosphere would make us flat. (but given that its a globe and centrifugal forces make the amoshperes weight not be pushed on us, we are very tall organisms, not to mention the dinosaurs)

What about the tectonic plates? Volcanoes? Geology? And tidal waves?

Think about it?
4516  Other / Politics & Society / Re: Are Genetically Modified Organisms in 80+% of US foods making us sick? on: August 31, 2015, 07:16:44 AM
Its not the GMO, that only about 10-15% of the problem in Europe.

Its more like the colorants, additives, preservants, heavy metals leaking into water supply (cesium, arsenic, led , mercury), or soil contamination by chemical plants.

Not to mention the underground waters contaminated by cyanide in some mining regions, and the fertilizers that is sprayed on foods.


I couldn't care less about GMO, then I see the other crap that is much worse.
4517  Economy / Economics / Re: Is bitcoin dead? on: August 31, 2015, 05:05:39 AM
What do you think it'll take for it to be declared permanently alive and kicking?

There will be always skeptics, even if btc hits again 1000$, they will say that its another bubble and that it will pop too and die.

So if BTC hits 1000$, they will say its a bubble and it will die.
If BTC hits 150$ they will say its the end of the bubble and it will die.

So no matter what you do, there will always be some idiots who will doubt it.
4518  Economy / Economics / Re: The Real Story of Gold on: August 31, 2015, 05:03:40 AM

It is demand that will change the price of gold, and big time.  And the Big Enchilada will be when paper gold fails (when people want physical for their paper).  There are about 100 paper claims on gold vs. 1 oz physical.  What happens when the demand starts big (a worldwide currency crisis for example), and "paper gold" owners cannot get the physical they think they "own"?

Very high prices.  Think $10,000 (non-inflated price).

I dont think gold price will fall when people will realize that certificates are ponzi scams.

Its the certificate price that will fall to 0, but then the pressure will be uplifted from the physical price in the sense that, with printed fraudulent certificates they cannot surpress the price anymore.

Then the gold price will rise to all time highs.


However i dont think it will stay high very much, its just a speculative commodity for me, it will collapse quickly rightafter.
4519  Economy / Economics / Re: How many people are using Bitcoin debit card? on: August 31, 2015, 05:00:31 AM
The real problem is that goods and services currently are pegged to the fiat currencies. Not Bitcoin itself. In order for bitcoin to have its true independent eco-system, there requires goods and services priced in BTC independently of fiat.



It will be that way util more merchants are starting to adopt it. However with instant transfer from BTC<>FIAT with merchants they can eliminate volatility risk and they can use it to offer stuff at discount.

Also the more merchants use it the more demand there is for bitcoin, so just wait until 500,000 more merchants start accepting it , then we will see some interesting things.
4520  Economy / Economics / Re: Do You Think Bitcoin Will Replace Dollar Soon? on: August 31, 2015, 04:56:24 AM
At its current state and direction it is heading? I don't think so. Unless the block size debate is resolved once and for all and this issue is put to rest, I don't think it will replace dollar anytime soon. People need confidence, that they can see the coin is reliable and the reputation is very important. I don't think we are progressing on that part.

This is not a giant project with millions of people working on it, despite having a 3.3 billion $ market cap, its only a tiny fraction of people who control it and develop it.

Perhaps if it would be more decentralized then it would attract more people, as atleast keep its promise. Who cares if the protocol is decentralized if its still a few oligarchs who control it.
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