Price of gold over time has increased insanely, and there is more and more gold each day @ the market, but also is something that everyone agrees it has value.
On the other hand you have bitcoin that is hard limited, and the mining bitcoin decreases with time, no matter how hard you try to get more, but not all people believe it has value.
As you can see, the question is; would you rather buy something that can go 10% up/down, or something that can go unlimited up/down ? There is no more profit to be made in gold, that cow is milked dry,imho.
cheers
Gold has a real use, though. It's used in jewelry, in a lot of items like electronics, etc. I think assuming it won't go back up is a little naive. As long as it has a tangible use in our everyday lives, I think it still has a shot. There's only a finite amount of it, just like with bitcoins. Supply has to go down at some point. |
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Well, I think this is where services like BitPay is not helping at the moment. {Converting BTC directly to fiat}
The merchant that accepted BTC should not be able to convert ALL the BTC it received, INSTANTLY back to fiat. {I know they do offer the merchant the option to choose, what percentage they want to instantly convert to fiat}
Let's say BitPay or any other payment processor agree with merchants, that it would hodl the coins, until a 1% to 3% increase in the value occur and then sell it, then we would see some short term rise in the price...or even better, if they can hoard it for a longer period, until the price increase.
Yes, this is price manipulation....but it's being done will all commodities, eg. {Oil / Corn / Gold etc. etc...} ....so why must Bitcoin be any different?
Because then merchants wouldn't agree to accept bitcoin, and then bitcoin users would never have any place to spend bitcoins, and thus bitcoin dies a quiet death? Merchants follow the money, if we start to use soda cans tommorow as a barter item, they will have to accept it too, or they would go out of business. The people decide what currency too use, the merchants just follow the most popular method of payment. Let's not forget that there are a benefit for them in this too... if they hoard, the price goes up, and they get more bang for their buck.  They only need to sell, when the price goes up... Let's say they did this with a yearly gross turnover of $1 000 000 and they got a average 1% profit on doing this. They would have received $10 000 more for their same money, if they only waited a few days, before they converted back to fiat. This turns into a tricky arena, though. Small businesses wouldn't benefit. Big businesses are harder to sway. It takes money to get big business to make a switch. Such as Apple and Apple Pay. If some of the big businesses like Apple still resist to accept Bitcoin is all due ego. It's a stupid ego fight, they want their own thing.. they should learn from Microsoft. And... there's the issue with Bitcoin having been open source. Great idea. But other companies (that have money and power) are able to take the same idea, re-create it with no changes, and capitalize on it. And due to money and power, they can make the world adopt it. |
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What is unsecure btc core or blockchain? I guess you ment blockchain? I thought btc core was most safe because it is in my pc, but it sinchs sooo long.. so I opened in blockchain and it works instantly
Blockchain.info. That's why I said you to use one of these wallets: • Multibit : https://multibit.org/• Electrum : https://electrum.org/• GreenAddress : https://greenaddress.it/Out of these, I'd recommend Multibit for ease of use (it allows creating a lot of wallets without requiring you to keep swapping out wallet.dat files) and Electrum for security (in that you can use a word-based password to revive your wallet if your PC ever crashes. |
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Well, I think this is where services like BitPay is not helping at the moment. {Converting BTC directly to fiat}
The merchant that accepted BTC should not be able to convert ALL the BTC it received, INSTANTLY back to fiat. {I know they do offer the merchant the option to choose, what percentage they want to instantly convert to fiat}
Let's say BitPay or any other payment processor agree with merchants, that it would hodl the coins, until a 1% to 3% increase in the value occur and then sell it, then we would see some short term rise in the price...or even better, if they can hoard it for a longer period, until the price increase.
Yes, this is price manipulation....but it's being done will all commodities, eg. {Oil / Corn / Gold etc. etc...} ....so why must Bitcoin be any different?
Because then merchants wouldn't agree to accept bitcoin, and then bitcoin users would never have any place to spend bitcoins, and thus bitcoin dies a quiet death? Merchants follow the money, if we start to use soda cans tommorow as a barter item, they will have to accept it too, or they would go out of business. The people decide what currency too use, the merchants just follow the most popular method of payment. Let's not forget that there are a benefit for them in this too... if they hoard, the price goes up, and they get more bang for their buck. They only need to sell, when the price goes up... Let's say they did this with a yearly gross turnover of $1 000 000 and they got a average 1% profit on doing this. They would have received $10 000 more for their same money, if they only waited a few days, before they converted back to fiat. This turns into a tricky arena, though. Small businesses wouldn't benefit. Big businesses are harder to sway. It takes money to get big business to make a switch. Such as Apple and Apple Pay. |
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I say Ubuntu Linux is the best and most secure os for the technical guys
C'mon, Ubuntu is the Windows of the linux distributions, at least say one of the top distributions, Debian for example, which Ubuntu is based on, or Fedora Core, or Gentoo! If I had to choose one, it'd be Ubuntu, and I'd argue that it IS one of the top distributions. It has a massive community behind it, is user-friendly, and it gives (as far as I know?) all of the benefits Linux does in terms of security. There have been a few strange things with Ubuntu. E.g. if you used the search for something locally it would also search on amazon and load pictures of products that are related to your search. The connection was not encrypted IIRC, but even if thats a very serious breach of privacy. I think it was disabled though and there are several easy guides to make sure its disabled. Besides these problems Ubuntu is fine as long as you mainly want to use your OS. For those that want to breath linux, Arch is probably better. They have an awesome wiki and community and as long as you are willing to educate yourself you will have exactly the Linux you want and need. That's with the new Ubuntu menus trying to mimic Windows and Metro. That can be disabled, and then it won't do that anymore. It was added as a "convenience" feature, though I agree with you: that's a big problem for me as well. But it's something you're not stuck with. |
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Talk to outsiders about Bitcoin and its pricing. The most common thing you'll run into (other than "it's a scam") is complaining about how much a coin costs. Outsiders don't KNOW you can break it down. They don't have that comprehension. Therefore, again, what you or I know about Bitcoin means absolutely zero. Nothing. Nada. We're already in. It's OTHERS we care about bringing on-board, therefore we have to cater to THEM. That's how markets work.
I like hot pink cars that have no windshield, 6 wheels, no AC/heater, no seat belts and no headlights. So I go make them because I like them. Does that mean they're going to sell to others? Hell no. Why? Because not everything I like is something everyone else likes/agrees with. It's that simple.
Just because lots of people are afraid of it, I don't think advertising it will help, since that will make them more suspicious about it. The better way is to not tell them anything and just seeing that you making money out of it, then they will become curious and come to you to discuss bitcoin Eh, hasn't worked that way. Case in point: today someone was asking me about Bitcoin. The amount of misinformation is staggering. His understanding was that bitcoins had values that change depending on when you got them (such that the first bitcoins are worth more than the ones we get today and their value goes down as time goes on). It ended up with a discussion that led to confusion and a "I don't know why anyone would trust something that has nothing backing it" statement. |
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I'd park my money in Bitcoin for sure and then if there's a certain % you're saving for outside investing, then get yourself a property that generates rent. Properties for rent can typically generate 5-15% per year but in a good/great year, BTC runs the table on that. Properties are a headache since tenants are a problem and paying taxes as well.
I'd go for garages or storage units. You often have a much higher yield with a fraction of the ball ache. Any structure that houses humans equals a world of pain. I'd think they would be somewhat cheap and efficient in terms of earnings. If someone doesn't pay their storage, you get all their stuff (or get to sell it). So you have income whether or not people pay their bills. Upkeep should be fairly cheap as well, since storage units don't need to be heated/air conditioned to the same standard as other businesses. |
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(OS:Arch Linux) Hi I'm new to bitcoin  I installed multibit as my bitcoin wallet yesterday and now I want to mine some coins. I tried bitminter but my GPU doesn't seem to support OpenCL. so... I decided to mine with cpuminer and it requires server but I don't know how to turn multibit into server mode. CPU mining is over, you can try mining altcoins with GPU (because GPU is also over for btc), althought unless you have a lot of GPU's with special mounts and cooling its not worth to bother. The best option would be to buy some of Antminer S5, put them in the basement if you have (because of heat, noise etc.) and you can go there from time to time and be proud of the nice mining activity you got there And ROI  p.s. mining puts a lot of stress on GPU, I wouldn't even try it on my shiny Nvidia Geforce GTX 980 He could try mining altcoin which can't be mined with ASIC Maybe there are altcoin like that There are a lot of them... but they aren't profitable. As far as I know, there are no GPU/CPU coins that will bring in more than they cost to mine. And that's not including their wear and tear on your system, which puts you further into the negatives. While this is usually true, it definitely isn't always the case. Back in late 2013, people mined dogecoins using their GPUs because scrypt ASICs hadn't been developed yet. Those who mined in the first couple of weeks made a huge profit when Dogecoin's market cap skyrocketed. Another example was Darkcoin. For a few weeks, Darkcoin's market cap was very small and it was mined with GPUs. Then its market cap rose from $2.5 million to $65 million in the space of 50 days. Mining altcoins can be very profitable but it's not easy to identify the profitable ones since most altcoins turn out to be duds. You would have made a LOT more if you mined BTC and then used it to but DOGE. Or not mined at all and used the cost offset to buy into BTC and convert to DOGE. |
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There are ways to see that it's fake, though. Just like fake diamonds that are pressurized can be seen. As far as I'm aware, man has never perfectly recreated anything like that before -- any attempts have always brought differences (and that's for materials we CAN recreate).
Mercury can be turned into Gold through nuclear processes... it's been done before in minute quantities. There's a Mercury isotope that decays into stable gold. The problem with it is that the cost of energy to do the conversion costs more than the amount of gold you end up producing. Interesting... so it's really like Bitcoin in the sense that it IS possible to exploit/fake... it's just not financially viable. You can do a 51% attack on Bitcoin, but it'll cost way more than you'd get back from doing it. |
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Why is it so hard to understand that you dont need to buy entire coins? You can buy fractions of a coin ffs. And why would people move to a coin when Bitcoin's got the strongest network on earth? all other coins will never be as secure.
I reallllllllly hope this post was just trolling. Otherwise I'd highly suggest you look into taking courses on business, marketing and psychological principles behind purchasing. You're not marketing to me. You're not marketing to Theymos. You're not marketing to (insert name of someone that already knows about Bitcoin). You're marketing to people that have NO idea how things work, are computer illiterate, and just want things to "work." Learn how to run a business and then read my post again and you'll actually understand why it's true. I'm just analyze some fact, which business school teacher and economy professor will never tell you, since they have never issued any money by themselves and can not look from a money creator's perspective As a money creator, the most important thing is to maintain his money's credibility. An increase value of the currency is definitely going to help to gain higher credibility, while a constant decreasing of currencies value might ruin it The use case I described here suits also on fiat money, if there is no billions of people use fiat money to do transactions, thus occupied most of those money, the demand for fiat money will be magnitudes lower Talk to outsiders about Bitcoin and its pricing. The most common thing you'll run into (other than "it's a scam") is complaining about how much a coin costs. Outsiders don't KNOW you can break it down. They don't have that comprehension. Therefore, again, what you or I know about Bitcoin means absolutely zero. Nothing. Nada. We're already in. It's OTHERS we care about bringing on-board, therefore we have to cater to THEM. That's how markets work. I like hot pink cars that have no windshield, 6 wheels, no AC/heater, no seat belts and no headlights. So I go make them because I like them. Does that mean they're going to sell to others? Hell no. Why? Because not everything I like is something everyone else likes/agrees with. It's that simple. |
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I say Ubuntu Linux is the best and most secure os for the technical guys
C'mon, Ubuntu is the Windows of the linux distributions, at least say one of the top distributions, Debian for example, which Ubuntu is based on, or Fedora Core, or Gentoo! If I had to choose one, it'd be Ubuntu, and I'd argue that it IS one of the top distributions. It has a massive community behind it, is user-friendly, and it gives (as far as I know?) all of the benefits Linux does in terms of security. |
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(OS:Arch Linux) Hi I'm new to bitcoin I installed multibit as my bitcoin wallet yesterday and now I want to mine some coins. I tried bitminter but my GPU doesn't seem to support OpenCL. so... I decided to mine with cpuminer and it requires server but I don't know how to turn multibit into server mode. CPU mining is over, you can try mining altcoins with GPU (because GPU is also over for btc), althought unless you have a lot of GPU's with special mounts and cooling its not worth to bother. The best option would be to buy some of Antminer S5, put them in the basement if you have (because of heat, noise etc.) and you can go there from time to time and be proud of the nice mining activity you got there And ROI p.s. mining puts a lot of stress on GPU, I wouldn't even try it on my shiny Nvidia Geforce GTX 980 He could try mining altcoin which can't be mined with ASIC Maybe there are altcoin like that There are a lot of them... but they aren't profitable. As far as I know, there are no GPU/CPU coins that will bring in more than they cost to mine. And that's not including their wear and tear on your system, which puts you further into the negatives. |
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I would also love to add some lottery to my faucet. How to?
Read my post. It's a very basic script. |
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Why is it so hard to understand that you dont need to buy entire coins? You can buy fractions of a coin ffs. And why would people move to a coin when Bitcoin's got the strongest network on earth? all other coins will never be as secure.
I reallllllllly hope this post was just trolling. Otherwise I'd highly suggest you look into taking courses on business, marketing and psychological principles behind purchasing. You're not marketing to me. You're not marketing to Theymos. You're not marketing to (insert name of someone that already knows about Bitcoin). You're marketing to people that have NO idea how things work, are computer illiterate, and just want things to "work." Learn how to run a business and then read my post again and you'll actually understand why it's true. |
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AliExpress is part of Alibaba group marketed more at international clients. But its base of operations is still in China. While bitcoin is not 'banned' in china as yet. Alibaba group is expecting that it could be indeed happen in the future. As chinese government is a whimsical about this since long time ago. That is mostly the reason they are not open to bitcoin transactions yet.
They could still accept it in the meantime. It shouldn't be that difficult (or costly) to add it as an option, and I'm sure it would pay for itself long before a ban came (if it ever did). I really don't think China will do a full ban on cryptos. Well since crypto is not central you can't really ban it, but you can ban the exchanges so the chinese would only be able to send it back and forth. Accepting it is a big operation, you have to figure out how to convert the funds and send it along.. I wonder if China has a form of Bitpay/Coinbase? That may be where the issue lies, come to think about it. I wasn't thinking about having to sell the coins/convert them as part of the process. If they had a system like those, that may alter their decision. Don't think anyone has the balls to set one up, if china bans it your money is gone, well at least your bank accounts which probably will have lots in them Well, think about it like this. If China doesn't have regulation around cryptos yet (I don't believe they do, in terms of barrier to entry), it should be cheap to set up a service. The service can mitigate risk by charging fees. In the US, we're looking at what, 0.5%-1%? But that's due to the amount of competition. In China, this is mitigated, so a higher fee can be warranted. Even a 3-5% fee would likely be better than what they have. That money should offset any potential issues in the future. I think if someone did things smart, they should be able to create a viable system. |
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WHERE CAN I TRUST 100% TO INVEST MY COINS for garentee payback
CAN ANY ONE SUGGEST ME ?
In real life you cannot have guarranteed payback, even if you can the yield would be negligible since no meal is free. However, if you want to invest some % of your bitcoins, you can consider: Bitmixer.io, Bitbond.com, or the gambling sites that allow you to invest in their bankroll. If you have altcoins to invest you could invest in BikiniDice.com bankroll (DOGE, Litecoin, Darkcoin, etc.). Good luck....and don't invest more of the amount you can afford to lose.  Nice said! Thanks for the information, I also was looking for some places to invest... Keep in mind that investing in casinos can be risky. One whale can completely tank your entire bankroll (investment) and any profits you otherwise had. While you should be fine over long periods, it could take years to see realistic gains. And throughout that time you're hoping that the site doesn't shut down, the operator doesn't run with your money, the site isn't hacked or "hacked," etc. |
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How do I subscribe to the post, but only for people who reply to my posts?
What do you mean by subscribe to post? You mean you want to receive notification if someone quotes your reply? This not possible in current forum software. yes that's what I mean ohh no wonder I was confused look for it, and finally I tick all on notice ok thank you for the information I think all you need to do is to post on a topic, and it'll notify you of new replies. This applies as well if you start a topic. I think what he meant to ask was: He only wants the thread to appear in subscription list if someone quotes his posts. I am pretty sure this is not possible right now. I think this would be too difficult anyways... a lot of us will snip out quotes or paraphrase to keep threads more clean. I'm not sure how they could do something that encapsulates all methods of quoting someone like that. So he'd still miss a lot of messages. |
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AliExpress is part of Alibaba group marketed more at international clients. But its base of operations is still in China. While bitcoin is not 'banned' in china as yet. Alibaba group is expecting that it could be indeed happen in the future. As chinese government is a whimsical about this since long time ago. That is mostly the reason they are not open to bitcoin transactions yet.
They could still accept it in the meantime. It shouldn't be that difficult (or costly) to add it as an option, and I'm sure it would pay for itself long before a ban came (if it ever did). I really don't think China will do a full ban on cryptos. Well since crypto is not central you can't really ban it, but you can ban the exchanges so the chinese would only be able to send it back and forth. Accepting it is a big operation, you have to figure out how to convert the funds and send it along.. I wonder if China has a form of Bitpay/Coinbase? That may be where the issue lies, come to think about it. I wasn't thinking about having to sell the coins/convert them as part of the process. If they had a system like those, that may alter their decision. |
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Bitcoin in theory should be a more risky investment, but with risk comes big rewards. With Gold you are going to be bored aiming for a small increase in wealth in the next decades. With Bitcoin it's uncharted territory, it's an open field.
Yep exactly. Gold would be more long term, and in the case of an emergency like the money system collapsing then it is viable. Bitcoin can also be used, but we all know how that would work Keep in mind that gold can't be exploited, either (aside from pyrite, which should be easy enough to determine). While we view Bitcoin as being exploit-free, the truth is that we don't know. Everything is exploit-free... until it's exploited. Look at things like the heartbeat bug in SSL. True, since bitcoin is a computer program one day someone could find an exploit and then it would all collapse. Gold is physical and therefore cannot be "hacked" and no one can just randomly print gold. Bitcoin is not a computer program but could be destroyed. Gold could theorically be created in a lab for a cheap price. There are ways to see that it's fake, though. Just like fake diamonds that are pressurized can be seen. As far as I'm aware, man has never perfectly recreated anything like that before -- any attempts have always brought differences (and that's for materials we CAN recreate). |
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then you might need an extra database to track the balance of each clients. What if I don't want to? You are the one wanting to decrease the already existing utility!!!!!!!!!!!!!!. I am not really upset about it, I am just pointing out what you propose may sound good "in theory" but the repercussions will effect a lot of things that you may not have thought of. I still don't understand how removing some coins from exchanges will decrease the already existing utility? what utility? What I propose is not something new, some bitcoiners have been advocating this for years, I just got it more clearly recently. What do you think made up those large sales number that reported by those merchants? I suppose a large part of those sales consists of this kind of "pass through" transactions, and it indeed have some positive effect on increasing merchant adoption and stabilizing the exchange rate The increase use of Bitcoin increase its price. The dollar is very volatile against most assets like gold and fiat currencies move a lot one against an other. If the price gets too high, people will likely move to alts. Structurally, there is no difference between Bitcoin, Litecoin, Devcoin and (insert coin here). They all work in the same way for the end user. While we can theorize that people would stick with Bitcoin, that's all it is: a theory. |
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