Bitcoin Forum
June 20, 2024, 02:16:06 PM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 [27] 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 »
521  Bitcoin / Bitcoin Discussion / Re: Bitcoin ATM Fees on: June 20, 2014, 03:35:22 AM
I don't think they have fees per say, but rather charge a markup/discount of the exchange rate of the exchange they use.
522  Bitcoin / Bitcoin Discussion / Re: US Marshals Accidentally Replies All To Anonymous Bitcoin Auction Bidders In Ema on: June 20, 2014, 03:34:14 AM
What do you think?

That you should have searched first, and found that there were already several threads on this subject, rather than posting yet another one.

OP may have not checked before posting................ but then again US Marshals didnt check before posting the email either Cheesy

Touche....

It sounds like it was sent less via a reply all response and more like the email was sent to a distribution list (maybe the addresses were put in the "to" field instead of the "bcc" field.
523  Bitcoin / Bitcoin Discussion / Re: Is there any way blockchain technology could make cellphone carriers irrelevant? on: June 20, 2014, 03:31:33 AM
Unlikely as the blockchain is not designed to handle the massive amounts of data that cell phone carriers handle.
524  Bitcoin / Bitcoin Discussion / Re: Negative Interest Rates and Cryptocurrencies on: June 20, 2014, 03:28:28 AM
I'm wondering if we'll see a negative interest rate in the U.S...

It's been at 0.25 for awhile and growth is less than expected.

http://www.tradingeconomics.com/united-states/interest-rate

I'm from the US. I believe yes, there's a very good chance we will. Hence, the thread.

"real" interest rates are below zero once you factor in inflation
525  Bitcoin / Bitcoin Discussion / Re: How many people have received random .00000001 transactions to their wallets? on: June 20, 2014, 03:27:36 AM
Does anybody received link to a phishing sites?

I think the spam was actually linked to a gambling site
526  Bitcoin / Bitcoin Discussion / Re: What happens when major banks become supernodes? on: June 20, 2014, 03:25:46 AM
If a bank runs a supernode they will charge people to use it. How, I don't know, but they will find a way.

Probably a transmission charge although I guess they could call it a Transaction Fee since Bitcoin uses those
That or a storage fee if you don't have enough Bitcoins in your account lol.
They could potentially make you send an output to their address in order for them to relay their TX.

This would actually be a good idea to incentive people to running nodes, especially when bitcoin starts to process more TX per second
527  Economy / Speculation / Re: Do you think U.S. Marshall auction 29,656.51306529 bitcoins will effect price? on: June 20, 2014, 03:24:11 AM
The rules of supply and demand say it will.

There will be additional supply that was not previously there while demand would stay constant.
528  Bitcoin / Bitcoin Discussion / Re: Would it be better for us to call Bitcoin 'pseudo-decentralised'? on: June 20, 2014, 03:22:42 AM
Bitcoin is decentralized because there is no central authority that controlls/says who owns how many coins.

Absent a 51% attack bitcoin would not be considered a centralized payment method in any way. Even if one pool operator controlled 60% of the hashrate the other 40% of the miners would still control 40% of the blocks and would enforce the rules of the Bitcoin protocall.

Even in a 51% attack the attacker could not create bitcoin out of thin air, nor could they process a TX that the "owner" of the sending address did not sign/agree to. They would only be able to reverse a TX
529  Bitcoin / Bitcoin Discussion / Re: Does anyone else play with Bitcoins at work? on: June 20, 2014, 03:17:48 AM
I like to check the price on my zeroblock app on my phone
530  Bitcoin / Bitcoin Discussion / Re: MINERS UNITE! Block the FBI coins. Do not fund violent underground organizations on: June 20, 2014, 03:16:55 AM
Disappointing to see that over a quarter of the people in this forum still haven't got a clue about how decentralised currencies are supposed to work.  The two possible correct answers are either 'NO', or simply not bothering to vote for an option at all because stupid poll is stupid.

Go and start your own Tardcoin that isn't fungible if you want to be able to block transactions and balances.  You don't belong here.
It's just over a quarter of People, who look into this thread.
There have been so many threads about blacklisting coins and all the good arguments against it, have also been used many times. So, I think most experienced users are just ignoring such threads.

Yes, fingers crossed you're right on that one.  Perhaps the people who voted in favour of blocking coins, or said they weren't sure haven't been around as long and are still new to the concept of crypto.  Thankfully there's enough old hands around to make sure it never actually happens and terrible ideas like the one in the OP never become a reality.

What if the votes were just "voting spam" of people that just vote random answers on polls on these forums? I have sure seen stranger things

Voting (and laws) are not a necessity when society builds a consensus on those matters. eg. FUCK THE ESTABLISHMENT. Smiley

In order for society to build a consensus wouldn't there need to be some kind of vote?

Nope. Smiley

Truth is a dictatorship. Tongue
That wouldn't really be a consensus, it would be one person forcing others to do as he says
531  Bitcoin / Bitcoin Discussion / Re: Marshall's auction.... It's a trap !!! on: June 20, 2014, 03:16:10 AM
I'm not convinced that the coins will be unarguably the property of the buyer. Has the US Marshall Service really never sold property that wasn't theirs to rightfully sell? Not even once? I doubt it. I'm sure there have been mistakes in the past. The question is what can be done about improperly sold property?

If property is sold when it shouldn't have been then the proceeds would be given to the "proper" owner.

It should be noted that bitcoin "ownership" is determined by possession (of private keys)
532  Bitcoin / Bitcoin Discussion / Re: solution to rubber hose attacks on: June 20, 2014, 03:13:14 AM
If someone is threatening you physical harm it is almost always advisable to do as they say (at least when it appears plausible that they could actually inflict such harm)
533  Bitcoin / Bitcoin Discussion / Re: inter-pool relationship - WTF is that ? on: June 20, 2014, 03:09:24 AM
stop using pool ... do solo-mining.

but, human ... ah !



...and get no block after a month of mining Cheesy

Solo mining is akin to purchasing a lottery ticket. If you get lucky then you will get a huge payout, but for most miners they, on average will not find a block every difficulty period
534  Bitcoin / Pools / Re: GHASH.IO vs ELIGIUS.ST on: June 20, 2014, 03:07:27 AM
Can't I say cex.io is profitable because GHash is profitable. right ?

Yep, but this month some strange things have raised GHS price (hard market manipulation), and basically who have bought GHS two/three weeks ago can exit now with btc minted + profit.

Expecting lower GH price due to lower btc price now.

Since the GH/s price is measured in bitcoin it would likely not be affected by the price of bitcoin

Many people base their purchasing calculations on the BTC/fiat exchange rate.

That is true but if you are buying something in BTC that will pay you in BTC the BTC/USD exchange rate should not matter.
535  Other / Beginners & Help / Re: Checking for payout on: June 20, 2014, 03:05:25 AM
You better try signature advertising. Go to Marketplace >> Services. They have better rates, some advertisers now accepting newbies and junior members.

I think those websites you mention are scam or have very little rewards. It is only a waste of your time.


Agree.

Even though the per post rate for newbies is quite low (0.00004), it is still better than faucets, and the pay rate would be much higher when you get to member rank.
Another positive to newbies using signature campaigns is that they can hopefully learn more about bitcoin via the forums, but I still think that the rates are not worth it for newbies (they can just wait the 2 months to be a member)
536  Bitcoin / Bitcoin Discussion / Re: Winklevoss Bitcoin ETF Needs Ticker on: June 20, 2014, 03:04:06 AM
What ultimately matters is if a bitcoin ETF eventually starts trading on a stock exchange or not.

Once it starts trading on a stock exchange then trading volume will surge.

That was exactly my thought.

Also; relevant future contract on our site:

___________Winklevoss Bitcoin ETF will trade on the NASDAQ
Options: Yes | No

Don't the majority of stocks (and ETFs) trade on the NASDAQ? Even if a stock primarily trades on an other exchange it will often (always?) trade on several other exchanges. I think the only exception to this rule are stocks that are not listed on the NYSE as I think the NYSE only trades stocks that are listed there, although ARCA (owned by the NYSE) trades stocks that are listed elsewhere. 

Might be a regulatory challenge to list it anywhere but the NASDAQ for now.

What would prevent it from being listed on the NYSE? How is the regulatory environment different between the nasdaq and NYSE? The trading environments are different but the regulatory environments are the same
537  Economy / Speculation / Re: Bitcoin listed on Yahoo Finance on: June 20, 2014, 03:01:22 AM
Shocked

Was also my reaction this is neat if I remember right and comes in second place for the Bitcoin news of the day ha-ha
Expedia won lol.
That said I am glad that Yahoo Finance is taking Bitcoin seriously enough to add its own ticker for it.

This comment summed it up
“This is literally the best news I’ve had all day, and the day is still young!” said one commenter. “Another nice stamp of approval,” said another.

Amazing to think its going by day now this might have been the news of the week a while back and a month before that.

And yet the price is going down a little bit : 607$ on Bitstamp atm

It looks like a really good time to buy bitcoins

The short term price of BTC any investment does not matter, it is the longer term price that can make or break people.

BTC being on the yahoo finance page will get more people to get interested in bitcoin and to use it

If you get in @ 50 and it goes to 500 you made 1000% but if you got it @ 120 you made 410%

If you think it is going way up and you don't want to speculate on the price going lower before buying, you should just buy as soon as you can

Doing this can be dangerous as it could be a long time before the price recovers enough for you to turn a profit.

If you think it is going down you can wait to buy or even short but you are trading then because you are thinking you know how the market will react in the short term

If you want to invest in Bitcoin and believe in its long term potential you should buy and hold; some try to play the big waves in price, it is dangerous and you need to be really connected to the market to do so effectively

Well let me ask you this, what would you do if the price went below your purchase price and you needed money (you have no other source of funds)? The answer is that you would be forced to sell.

Yes but it doesn't contradict anything I said Grin
But that is the point. You cannot assume that something is going to have a higher price in the future when there is a possibility that you will need the asset in the present.
538  Bitcoin / Bitcoin Discussion / Re: What are the biggestest threats to Bitcoin? on: June 20, 2014, 03:00:22 AM
Anything that threatens the fungible nature of Bitcoin.  See my signature.

Agreed. Do you think it would improve fungibility if we could, say, give Paypal some serious competition?

Any serious effort to block the FBI seized coins from being stolen would be a huge blow

How would that be possible to 'block' them? Theyre getting sold either way at the end of the month
If miners were to change their TX policy to not accept any TXs from the FBI address. They would also not build on a chain that includes TXs with the FBI address. IMO it would be very unlikely that this would happen but if it did it would not be good for Bitcoin.
539  Other / Beginners & Help / Re: Newbie question about 1 TH/s bitmine on: June 20, 2014, 02:56:59 AM
SHA256 ASICs are hard to make a ROI these days. I suggest purchasing a scrypt miner instead.

Check out gawminers!
Since KNC, is coming out soon, even scrypt might be difficult to roi depending on shipping times. Better asics are also coming out to the market.

True, true. But right now the ROI is really low and GAWminers are shipping soon.

ROI is going to plummet with the advent of ASICs comming to scrypt mining.
540  Bitcoin / Mining speculation / Re: Is it profitable to mine? on: June 20, 2014, 02:56:00 AM
Ok so aside from the ongoing discussion,

Mining is not profitable unless you can pick up GH/s for REALLY cheap. Don't bother mining BTC, just go and mine some alts with the GPU in your computer. Far more profitable.

Make sure to find a semi-new coin with a large community, however, to lessen the likelihood that it's pump-n-dump.

There's a lot of alt mining going on nowadays, so you might as well jump on the bandwagon.
Some Alts already have ASICs developed for them, it may not be at all profitable if the price is not stable, the best is to use multipool and mine ASIC resistant coins. No one knows if the price will suddenly crash. The best is to buy BTC directly, you have to consider about the stability of the coin, electrical cost, hardware cost and time taken to setup.

Some posters here already pointed out, both GPU and ASIC mining is no longer a profitable venture.

ASIC mining is the only mining that could possibly be profitable if bought at the right price.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 [27] 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!