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4641  Other / Politics & Society / Re: Is Hillary Clinton Trustworthy? on: April 27, 2016, 03:34:02 AM
Maybe if she gets the support of members of this forum, she will be happy to spend a little money to get vote.

She would have tried, but the demographics of this forum are not that attractive. Of the American users, more than 95% are white males, who are likely to support either Trump or Sanders. And most of them are ideologically-motivated. That means that even if Hitlery spends quite a bit of money, she won't be able to win any significant number of votes.

Plus $1 million doesn't go that far, most of it will have been spent on Facebook.

Meanwhile Bernie's campaign was airing television ads in Baltimore, not only after the polls closed, but after the results had come in showing he'd lost. He's just berning through all that money on pointless ads anyway. The man is a fool.
4642  Other / Politics & Society / Re: To anyone believing the solution is a free economy without regulation on: April 27, 2016, 12:50:30 AM
I haven't read that book, but I've seen the movie (an old one in black and white). Things have changed since then, and that's what makes everything different. Companies like Google or facebook which are making billions these days didn't even exist a generation ago. Maybe in a few years, we will all be driving electric cars, and oil companies which used to be mega powerful will be small fish.

I also expect that some early miners would be mega rich in a few years.


Times certainly have changed - things are now regulated. As for Google and Facebook, they are making piddly money compared to what the robber barons made at the start of the 20th century.

Here's the list of richest people of all time:

http://time.com/money/3977798/the-10-richest-people-of-all-time/

You'll notice that the Google guys and Zukerberg arn't on it. Bill Gates comes in at #9 with $78 billion. But he is knocked into a cocked hat by John D Rockefeller at #7 with $341 billion and Andrew Carnegie at #6 with $372 billion.

Rockefeller made his money with Standard Oil cornering the entire oil market. The very first regulations - the anti-trust regulations, were brought in by Teddy Roosevelt to break up that monopoly.
4643  Bitcoin / Bitcoin Discussion / Re: How many people are actually using OpenBazaar? on: April 26, 2016, 11:44:10 PM
They've put out a blog post about it:

https://blog.openbazaar.org/snapshot-of-the-openbazaar-ecosystem-at-the-beginning/

Quote
BazaarBay.org is a website which runs a crawler of the OpenBazaar network in order to display content on the web. Their site collects stats as they crawl, which aren’t meant to be precise but give a rough approximation of what the network looks like. According to their stats they’ve seen ~17,800 nodes on the network in total since launch. Of those over 2,200 were vendors selling items. The total number of listings people have put up for sale is just over 6,500.

At the moment there are 546 valid OpenBazaar handles that have registered a blockchain ID.

So 546 people so far.
4644  Bitcoin / Bitcoin Discussion / Re: How many people are actually using OpenBazaar? on: April 26, 2016, 11:03:56 PM
Are they promoting it only in bitcoin space, or are they trying for mainstream customers too? What makes Ebay work is that you can find listings in the search engines, on facebook fan pages etc, which means that if you are seller selling niche items, you can reach the few customers that exist for that niche. If they are promoting only to bitcoiners, then they're going to be restricted in that this is quite a narrow community.
4645  Economy / Trading Discussion / Re: Buying a large sum of bitcoins on: April 26, 2016, 10:35:53 PM
Kraken has the most liquid Euro market. The reason people are advising you to buy in small chunks is that often the order books arn't deep enough to absorb buys that big. Of course there are hidden orders, so no way of knowing for sure, but test it out in small amounts so you don't end up overpaying.
4646  Alternate cryptocurrencies / Altcoin Discussion / Re: Top 5 Altcoins to collect on: April 26, 2016, 10:29:25 PM
Litecoin
Blackcoin
DASH
ETH

and possibly 5th place goes to one of these: BIOS, CLAM, or KR (time will tell  Smiley)

Blackcoin seems to have died, even though at one point every one was extremely excited about it. They seem to have stopped promoting it.
4647  Economy / Economics / Re: Companies that pay in Bitcoin ? on: April 26, 2016, 02:41:16 PM
There is a company called Wagepoint which does payroll software, which is set up to allow employers to pay in bitcoin if they want:

https://www.cryptocoinsnews.com/wagepoint-us-companies-can-now-pay-employees-bitcoin/

But only a handful of companies have taken up the option.
4648  Economy / Exchanges / Re: Noob question on Bitfinex fees on: April 26, 2016, 02:16:42 PM
I have a question on how the Bitfinex fees work. They have a .01% maker fee and a .02% taker fee. So am I correct to think that placing an order will cost me .01% of the amount I order? And when that order is carried out I then have to pay .02% of the amount that I ordered? So in total I will have paid .03%?

No, if you are the maker you only pay 0.01% of the order. The person who takes your order (the counter party to your trade) pays 0.02%.
4649  Other / Politics & Society / Re: AMERICA PRESIDENT WHO YOU PREFER? on: April 26, 2016, 02:11:19 PM
Hillary will be the first female American president.I am not an American citizen but if I were I would support Hillary for being female.

I too support Hilary Clinton though I'm not a American. I believe in all the presidential candidate Hilary Clinton is worthy and also she understands human needs in the right manner.

Make no mistake. A Clinton presidency would be disastrous – the worst of all possible deplorable choices, none worthy or any public office, all aspirants beholden to wealth, power and privilege exclusively.

Don’t let their duplicitous rhetoric fool you. They’re all cut out of the same cloth. Otherwise, they wouldn’t get public attention. Populist Green Party aspirant Jill Stein gets none.


She's no more duplicitous than say Lyndon Johnson who by all accounts was not a nice man, but got stuff done. Whereas Carter was apparently very nice but so useless he may as well have not been there.

I don't get this business about needing to like the leader. It's not like you are going to meet them or have a drink with them. What matters is whether they get things done or not.

I think the world need leaders that are not in for self profit, and warmongers to boot.
We can never go forward with people like Clinton and the Bush family before her.
What a terrible state they have got this world into.
US foreign policy is abysmal, they do not want the world to succeed at all, it all about control and the money.
They also see Russia as an enemy to the west, when in fact it is themselves who are the agitators.

"Perfect" humans come along once every thousand years (and even they had their critics). Good luck waiting for your hero/heroine.
4650  Alternate cryptocurrencies / Altcoin Discussion / Re: Will actual country wide commercials boost crypto? on: April 26, 2016, 02:07:26 PM
Back in 2014, they distributed 281,000 coins in Iceland:

http://www.coindesk.com/price-iceland-auroracoin-fall-50-bitcoin-airdrop/

But the Icelanders just sold them immediately and the price dropped. No-one bothered to start an actual economy (shops accepting them etc).
4651  Alternate cryptocurrencies / Altcoin Discussion / Re: Proof-of-Stake [POS] on: April 26, 2016, 01:56:09 PM
You need to investigate the difficulty of a PoS coin before you go in, don't just look at the advertised % return. If the difficulty is high, you need a lot more coins just to compete and stake, and your return will be low.

Example: HYP advertises a high state, but in reality the difficult has risen, so you need to group your coins in bigger chunks to optimise for staking. Clams also sounds good, till you realise that JustDice has pretty much cornered the market for staking that coin and you won't be able to compete with their gigantic wallet.

As with everything, you need to research it.
4652  Alternate cryptocurrencies / Altcoin Discussion / Re: HullCoins well spent? City's 'Bitcoin for volunteers' offers a new way to pay on: April 26, 2016, 01:49:12 PM
This is an interesting concept and I do a lot of volunteering in my community.   I like the theory behind the coin and hope in can translate into reality.  I will watch this one.

The success of it depends on shops etc accepting the coin. Otherwise it's just another coin that people acquire but can't use (apart from sell it on an exchange).
4653  Alternate cryptocurrencies / Altcoin Discussion / HullCoins well spent? City's 'Bitcoin for volunteers' offers a new way to pay on: April 26, 2016, 01:25:48 PM
http://www.theguardian.com/cities/2016/apr/22/hullcoin-bitcoin-volunteers-new-way-pay

Quote
HullCoin’s innovation has been to digitise these two well-established concepts, combining the value generation mechanism of mutual credit with the local spending power of community currencies.

But will it work? The technology has never been tested outside of the HullCoin office, let alone used to buy anything. Beyond that, will the currency’s high-minded aim of creating social credit from “good deeds” cut it in the real world? In this most hard-pressed of cities, can HullCoin provide an alternative to the depressing narrative of payday loans and benefit sanctions?

Well, I’m about to find out. I’ve been invited to take part in the first real world trial of the new currency. I’ll be the first person ever to earn and spend a HullCoin.
4654  Bitcoin / Bitcoin Discussion / Re: Exchange volume distribution. BTC belongs to China on: April 26, 2016, 01:08:41 PM
When there are no transaction fees, volumes are not reliable at all.
You could trade with yourself all day long and drive up volumes.  Smiley

This. You should only pay attention to exchanges charging fees - their trades are real (anyone just trading back and forth with themselves all day would soon go broke).
4655  Alternate cryptocurrencies / Altcoin Discussion / Re: Relation between BTC and PPC, LTC on: April 26, 2016, 12:46:01 PM
It has long been watching quite interesting relationship . As Bitcoin goes up about 2% than LTC and PPC also goes up about 8-10 % . Than other altcoin go down from few to ten, twenty or more percent . I would like to know your opinion. Why is this happening ? How can they keep courses for bubble BTC in the coming halvingu ?
Sorry for my English:)

With the other alts - what happens is that when people see BTC rising, they cash out their other alts for BTC and then sell for fiat. That's why most alts fall when BTC rises.

With LTC - it pumps every six months or so, like clockwork.
4656  Bitcoin / Bitcoin Discussion / Re: World's First Nationally Licensed Bitcoin Exchange 'Bitstamp' on: April 26, 2016, 12:07:30 AM
I presume the Luxembourg licence comes under the following EU authority:

https://www.esma.europa.eu/

What they do is supervise. Judging from their website they do risk analysis, they fine exchanges which have too much down time and cost customers money - presumably if customers at Bitstamp lost money through mismanagement at Bitstamp, they could lodge a complaint and force Bitstamp to compensate them. and so on.

It will definitely make larger speculators more comfortable trading BTC.
4657  Alternate cryptocurrencies / Altcoin Discussion / Re: Buying LTC at 0.0085 on: April 25, 2016, 11:49:12 PM
FWIW, I saw this in Polo's trollbox on response to a "Litecoin To $25!!" feller (underlining added):

Quote
iagreewithyou: ben.franklin.1776, that is what I'm prepared for. everyone is shorting, which means a rise would be very painful and no one could stop it



I guess it depends on which force is stronger. LTC tends to pump every six months, but each time it's a weaker effort.
4658  Alternate cryptocurrencies / Altcoin Discussion / Re: Buying LTC at 0.0085 on: April 25, 2016, 08:24:21 PM
The litecoin price went up 20% in the last few days. Maybe the big whales have accumulated enough and started pumping?

Sorta puts a question mark on the "BTC up, altcoins down" rule. The funny thing is, Litecoin hasn't gone up all that much in satoshi terms even though its volume is way up. There's lots of buying but there's also lots of selling.

 

It's because exchanges like Poloniex allow margin trading shorting. In the old days there was no short selling for alts, so it was easier to do a pump. Also I think there were some bag holders who were waiting for an opportunity to get out, and they've taken it.
4659  Alternate cryptocurrencies / Altcoin Discussion / Re: Buying LTC at 0.0085 on: April 25, 2016, 07:58:10 PM
It's a Fontas pump (old hands will know who he is - noobs, search this forum for his name):

https://twitter.com/Fontase

By the time he announces his pump, he has already bought cheap coins, and is looking to offload them on people he entices into his pump...
4660  Other / Politics & Society / Re: AMERICA PRESIDENT WHO YOU PREFER? on: April 25, 2016, 07:52:31 PM
Hillary will be the first female American president.I am not an American citizen but if I were I would support Hillary for being female.

I too support Hilary Clinton though I'm not a American. I believe in all the presidential candidate Hilary Clinton is worthy and also she understands human needs in the right manner.

Make no mistake. A Clinton presidency would be disastrous – the worst of all possible deplorable choices, none worthy or any public office, all aspirants beholden to wealth, power and privilege exclusively.

Don’t let their duplicitous rhetoric fool you. They’re all cut out of the same cloth. Otherwise, they wouldn’t get public attention. Populist Green Party aspirant Jill Stein gets none.


She's no more duplicitous than say Lyndon Johnson who by all accounts was not a nice man, but got stuff done. Whereas Carter was apparently very nice but so useless he may as well have not been there.

I don't get this business about needing to like the leader. It's not like you are going to meet them or have a drink with them. What matters is whether they get things done or not.
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