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481  Economy / Economics / Re: Sign of collapse economy of Bank in USA-RISE OF BITCOIN IN NEXT 4 MONTHS? on: October 08, 2015, 06:01:57 PM
The system has already collapsed, it just keeps running. So yes, we are dealing with an actual zombie like system here, where it persists even after death. How ironic right? It keeps functioning, even after being technically done. That's my fear, that it just keeps going on like this forever and beyond, after they launch fiatcoin and the people is too stupid to use Bitcoin instead.
482  Economy / Economics / Re: How too get rich on: October 08, 2015, 05:37:41 PM
Warren Buffet always says, first rule of becoming rich is not losing any money. So I think this means, not wasting money in necessary crap and put as much money as possible in investments and trying to grow it. All money must go to make it convert into more money unless you need to buy necessary stuff, other than that, you must seek for good investments and pray that you have luck.
483  Economy / Economics / Re: Investing in what porfo is good in the period of stagnation on: October 08, 2015, 05:24:02 PM


This chart should tell you a couple of things, including how boring holding Gold is. Bitcoin did what Gold did in 4 years. It also shows the potential for future bubbles where 5 figures will be nothing. The potential for growth in Bitcoin is too much so our brains refuse to process it as a logical scenario.
484  Other / Off-topic / Re: Will you quit your day job to go full time on bitcoin? on: October 08, 2015, 04:40:14 PM
There's just no way to quit your job these days unless you hit some sort of jackpot and you have a very successful business. Posting in a forum profesionally is imposible due the low rates, you would need to post all day. If you could get something like 0.005 as a Legendary member then it maybe would be viable, other than that and it's just pointless.
485  Other / Off-topic / Re: What do you wish you could buy with btc ? on: October 08, 2015, 04:30:39 PM
I wish I could buy daily things with BTC.

Like groceries or a lunch or medicines

I like the idea of doing groceries and everyday purchases with BTC but honestly, right now it feels like a waste of time not because of the lack of merchants, but because why would you pay with something that is insanely under valued and most likely will go to mars in the next decade. I feel like Bitcoin is gold to me. If I got paid monthly I would use some of it tho, but not when I depend on buying more.
486  Bitcoin / Bitcoin Discussion / Re: Another "bitcoin pizza" thread on: October 08, 2015, 04:28:39 PM
The guy that got the 10.000 BTC back then by delivering those famous pizzas (it was indeed a couple), im pretty sure it's still pretty broke since im just sure he forgot about Bitcoin, didn't even know exactly what Bitcoin was or how to securely store, mistakenly lost it, or sold when it was like 5 dollars thinking price was under an extreme bubble.
487  Economy / Service Discussion / Re: It looks like 21.co is going to do smart contracts and autonomous corporations on: October 08, 2015, 04:26:41 PM
I think autonomous corporations as well as sidechains and so on still remain sort of vaporware until we see them fully functional. I know it will happen and I know we will become rich once we see a world filled with Bitcoin based operative sidechains filling gaps in the automation process, but I dont know exactly when.
488  Bitcoin / Bitcoin Discussion / Re: No One Cares About You on: October 08, 2015, 04:24:19 PM
Well, it will take some more time before we find beneficial ways to make this currency a substantial way of living.
We just need the price to go up, that's all. Of course, even if you become a millonaire in 10 years holding 10 Bitcoins, I see problems in trying to cash out all that money if you want to avoid taxes, and it seems OP want's to do just that. I don't think it's possible without becoming insane trying to do tons and tons of IRL Local Bitcoin transactions in small batches.
489  Economy / Speculation / Re: Is low volatility becoming a threat to Bitcoin? on: October 03, 2015, 07:32:58 PM
Many people claim "high volatility" makes Bitcoin difficult for businesses to use, hard to hold, etc.
Is low volatility becoming a threat to Bitcoin?
Why?
Dull-markets with little chance to trade, low volume, less media coverage, fewer new users:
Are we in danger of slowly being bored to death?


I don't think this will become a serious threat. The most interesting stuff is being played right now, this translates into a stable price because all the moves are being made under the blanket. Whales are buying slowly to not destabilize the market (which wouldn't be beneficial). The 2015-2016 era is the era of stacking up while the software gets better and the infrastructure around it gets built. After 2016 I think we will see some serious shit.
490  Economy / Economics / Re: Gold Losing It's Shine? on: October 03, 2015, 06:55:52 PM
I think that gold serve not more to earn but to preserve wealth and to protect that from the inflation of the fiat currency. And is (must be) a long term investment (if can be called in this way). So whatever it will be the price (but naturally must be wait a good price and not the first which come) it is worth to buy; but repeat, only if you will want to save it in long term.

Well... gold can be used to increase your net worth as well. Gold prices will remain stable, if the demand is equal to the supply. In case the demand outpaces the supply (there can be many reasons, such as population growth, increase in the purchasing power of ethnic groups who purchase gold, central bank accumulation of gold.etc), your net worth will increase.

Gold is always a guaranteed bet... if I was rich (sadly im not) I would have at least 50% of my fortune in gold by now. Anyone that is rich and has more than 50% of their fortune on banks is simply insane. I would put the rest across banks and some solid companies, and I would at least invest in Bitcoin with a 10% of my fortune because it's the most exciting place to be for the future.
491  Economy / Economics / Re: Euro's not fungible on: October 03, 2015, 06:54:09 PM
An Euro is an Euro in every single European country, because it isn't a free market, it's regulated so merchants don't have a say on how much a currency is valued, otherwise it would just be like having a national currency.. one of the points of being in an union is to have the same monetary value across said conglomerate of countries.
492  Economy / Economics / Re: Thoughts on "holding" Bitcoin on: October 03, 2015, 06:52:07 PM
I like to say i am currently collecting rather than holding. For me i am not collecting to selll at higher price, i want to first collect and than hold. My only intention right now is to reach 1 btc and hold it till july 2016 when there will be halving of block reward.

But is the halving of the reward guaranteed to have that much of an effect on price?




It will theoretically, no demand needs to be increased, just mainated. If the demand is maintained and the total supply is cut in half... then we should be at 500 usd at least post halving given current price, so yes, it's good news, but of course, this is all theoretical, we'll see hw it performs under real world situation.
493  Economy / Economics / Re: 62% of New Millionaires come from Asia on: October 03, 2015, 06:50:35 PM
China is prone to collapse. Thats what happens when you grow an economy based on low quality products, mass produced trash and low IQ people that aren't capable of actual innovation. It's unfortunate, im sure there are lots of good people there, but they are all doomed due their shitty goverment.
494  Bitcoin / Bitcoin Discussion / Re: Would you consider this as a possible threat to Bitcoin? on: October 03, 2015, 06:26:07 PM
This:
The only people who might still make a profit, will be the people with the cheap electricity or those who has some sort of edge over the rest.
Will still be the case in the future. It's basically the fundamental premise to make profits with mining... good price of electricity (cheap) and competitive hashrate. If there is some kind of technical leap the market will adapt, but it should follow moore's law anyway so I dont see any catastrophic scenareos with this.
495  Other / Off-topic / Re: 2016, The Year of Bitcoin? on: October 03, 2015, 05:54:13 PM
Hope so. I want to see again the $1000 price and hoping btc xt will gone forever coz it really hurts the price.
XT is not hurting price, price depends on so many factors that you can't know what have most impact on price
XT is just vote in one debate

I think the ongoing blocksize debate will keep happening forever, I don't see how some people are waiting for some sort of conclusion. Due Bitcoin's open source nature everything is open for debate constantly, so we should focus on trying to improve Bitcoin and ignore those that constantly talk about this or that blocksize mb limit as ideal.
496  Economy / Economics / Re: Brazilian Real now more volatile than Bitcoin on: October 03, 2015, 05:51:51 PM
Brazil will eventually ban Bitcoin if it becomes used widespread across the country and surpasses the Brazilean Real. Unlikely but could happen in a couple of years if their economy keeps crumbling. Eventually they will unban it and realize it's pointless and will try to cooperate.
497  Economy / Service Discussion / Re: BTCjam - Any Thoughts or Experiances on: October 03, 2015, 12:05:07 AM
I think a lending website that works on the concept of trusting nobody except reputable escrows. The amount of borrowers of your website who are con artists is staggering. In addition, I think a social lending website should be able to develop a mechanism that enables the sale of ownership of debts. Any information would be provided and a good hacker/detective can probably recover a purchased debt. There is far too much leverage for borrowers on BTCJam.

Appreciate the feedback. We are working hard on getting great borrowers & I think over our growth we have made advancements here. Fraud rates are down which is good thing. As blockchain tools/services keep growing I think one day something you mentioned might be possible.
I'm actually developing my own website which operates on the concept of trusting no one. If I were on your dev team I would be looking into a way to crack down on scammers and require collateral to sell if lenders default. There should be consequences for defaulting.

I still don't understand why people is default after delivering all of their personal details on BTCJam... all that does is ruining your rep and as a side effect ruining any chances at getting any money in the future. I guess the people that default in BTCJam (which are A class) just can't pay for real? I don't see any other explaination. Is it true that there should be consequences, which is where collateral is useful.
I don't see how this process would be automated without trusting in a 3rd party tho (escrow that holds the collateral)
498  Bitcoin / Bitcoin Discussion / Re: Hearn is a tool for google and and agendamonger on: October 03, 2015, 12:01:59 AM
Well, it's a solid theory. Im not saying it's true, but there are clues that may aim at Hearn having an agenda, and maybe potentially Gavin but I think he's legit tho, or at least was at the begining before becoming pro XT. Apparently Hearn used to work in QinetiQ.. do your research. Again im not saying any of this is true, it's just an interesting theory, given the recent developments.
499  Bitcoin / Bitcoin Discussion / Re: Bitcoins 7 Transaction Per Second Limitation on: October 02, 2015, 11:59:32 PM
Is it true that Bitcoin is limited to 7 transactions a second which are recorded in 1 block every 10 minutes? Does that mean 1 block can only hold 7 x 60 x 10 = 4200 transactions? With the growth of Bitcoin usage this has to be a drastic limitation oversight by Satoshi? How can Bitcoin be scaled for a global audience?

Opinions.

I have no idea how long you weren't active for in a past (I don't actually have time to check your profile and post history), but I guess that you have missed the whole block size increase debate that was raging during the past three months.

Much debate has been taking place and it's still not decided about this 1MB limit. Satoshi has designed this 1MB limit just as a temporary solution. We will see what will be decided.

Now when I think off, it's not bad that you have missed this whole debate. You have saved yourself a lot of nerves!

Where are the satoshi quotes where he said 1mb was temporal? what did he think about off chain transactions as a solution for this? I wonder what would he think about 8 mb raise, let alone 20..
500  Bitcoin / Bitcoin Discussion / Re: Is there a way to earn at least $1 in BTC per hour? on: October 02, 2015, 09:30:42 PM
Maybe the fastest way to earn btc is to sell your flesh online with cam live.. or make your own scandal to be shine and popular...
But on the good way you can earn by make your own website and make it popular with ads you can earn with this if the site is nearly need to people...

Lol camwhoring doesn't pay much unless you attract a big public.. so here we go again, you need to attract a lot of people no matter what you do. Thats why being a camwhore it's lucrative if you are a hot girl or a hot guy but be ready to act a homo if you do that because only guys search for that shit on the internet, no girl will pay for guys when they can get them for free.
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