honestly i think u're full of s**t , i really really doubt that there is someone around here who dosent heard about ISIS, so u can stick your folder protection ...
Why? Isis is a name of the goddess in Egyptian religion. The press used the term to describe group of terrorist (they didn't call themselves that afaik), they also used ISIL, or just IS, currently they re-branded to 'Islamic State'. So the question is, why do you think it's OK to let such group (or press) hijack (and condemn) a word with thousands of years history? Note that he used "Isis" not "ISIS" - there's a subtle difference. |
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Do you plan to expand the currency section (banknotes)?
Currently there are only 3 items, all 'out of stock'.
If so, are those banknotes 'uncirculated' or in random condition?
Also, do you ship worldwide, or US only?
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I have 0.0048 in advert credit from DailyBitcoins.org. If anyone needs them then message me.
-DmStewart
I'd be interested if still available. Will send a pm shortly |
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Stating the obvious but it's not that BItcon can't be divided up, what I'm saying is overall supply will decline due to deaths and loss, more significantly than we think. I wouldn't think its crazy to say we might lose 1-3% in this way annually, that figure is plucked from my butt but still I'm betting it's significant.
My point is this gives Bitcoin a natural price increase all other factors equal.
The real problem with the coins burnt/lost is the uncertainty of whether the coins lost are really lost or just temporarily inactive. Imagine what happens when 10,50,100 years from now there are only ~ BTC100k bitcoins in circulation (not a problem as it can be infinitely divided), and then you manage to recover the priv key to the wallet (say your deceased grandpa's) containing BTC50k, which everyone considered "lost coins". The very first moment you would make any withdrawal from that wallet, you will cause a massive panic and crash the market. I'm not that much worried about the lost coins (due to death etc), I'm sure there will be a lot of solutions in the near future. But I'm slightly concerned about ideas such as Proof-of-Burn used in OpenBazaar: https://blog.openbazaar.org/proof-of-burn-and-reputation-pledges/ |
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People will feel much more comfortable sending money to regulated exchanges run by people who know what they're doing and backed by venture capitalists (remember that NYSE recently invested in Coinbase) with a big stake in Bitcoin. The amateur exchanges will either professionalize or be left in the dust.
In my view, this may well be the biggest news story in a long time.
This will be a game-changer. But both, Gemini and Coinbase will be limited to US only. So all the other 'amateur' exchanges will remain a decent market share and will have some time to re-think their long term strategies. Bitstamp will be the one that have to adjust quickly. Wouldn't be surprised if they implement other fiat/crypto currencies. They won't last long with one BTC/USD pair. |
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If Greece leaves the Euro zone, that would make the Euro stronger, and that may happen.
Syryza or however its written just smashed the elections and won by big majority, things are going to get really really interesting. These guys dont want to be buttfucked by Merkel, but they are delusional if they think they can stop the Troika. I don't think they intend to exit Eurozone. I recall reading some interview the other day with Syriza leader and he said they're going to stay with Euro. |
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Since the OP didn't say the cash is from illegal activities, he could just deposit to the bank account (providing proof of cash being legit) and then buy BTC anywhere (exchange, local bitcoins etc).
Your bank account can be seized just for spending less than you earn over 10 years.
Luckily, not all countries are that insane.
In Canada, it is merely suspicious (but not illegal).
That doesn't make sense. Did you mean 'spending more'? |
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When you put money in a bank and it pays you 1%, in your head do you think "Great, I have made 101%" because you got your original cash back?  Ok, lol. If that is how you 'make' money, I wish you the best of luck with your investments And according to that logic every $1 you keep in your pocket is making 100% every second  The OP made mistake by using word ' made'. He would be correct if he said he now have 158% of invested amount. |
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Check your math...  300*100/190 = 157.89% Historically I am good at it What about yours ?  p.s. I said investment, NOT profit.If you invested $190 and sold at $300. 300 - 190= 110 110/300 * 100 = ~58% <-- this is what you made on your investment |
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Update: Our project has been fully funded. 0.1btc going towards snacks at the next meetup  Thanks to those who donated. We will take pictures. Congrats! So I guess you're officially the 1st Lighthouse sponsored project. Nice. Enjoy the crowdfunded snacks ps Is there any official thread for Lighthouse? Can't find anything (and getting "Searching is temporarily disabled" when searching) |
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Hi. Would you consider lowering starting bid (BTC0.02)?
Quickseller's ad got only 12 clicks, that's about $0.42 per click, so pretty expensive.
I'm happy to place a bid of BTC0.01.
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Seriously? In the era of sophisticated cloud-mining, IPO alt-coin ponzis etc that's the best you came up with?
You couldn't even made up a story how will you generate the profit?
I almost feel sorry for you
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I have updated the OP and checked the poll. The results are clear and I will act accordingly.
there are people with 10's of accounts here. So only 1 against could make the NO option win. I myself would never use a forum poll result to any practical decision. But good the yes option won anyway It wasn't a forum poll. It only allowed 1 vote per ip. Number of forum accounts was irrelevant. And the option that won was 'No'. |
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Considering the current wild fluctuations in BTC, it concerns me that any company offering this service is exposing themselves to a significant risk even in a 24hr period from offer to acceptance.
Taking into account the past few months of volatility. They have to maintain significant assets to cover the extreme recent BTC price fluctuations.
Again, I don't know what their actual model is. But assuming they're selling BTC in the same time as you decided to 'lock' then the exposure is few seconds rather than 24 hours. If that's the way they do that, the risk is non-existent.
Price averaging is not practical when you have no idea how high or low it can go. As you can see by the 2014 charts, your guess is as good as anyone's.
The current situation is a clear example of problems the Bitcoin network will face in the future. Miners only continue to operate when it’s profitable. Bitcoin value will always be tied to operating costs of people, equipment, facilities & energy.
Will their be enough individuals running long term hashing power to support network transactions when mining is over? What will their operating costs be?
Will the system eventually transform into something centralized that will charge transaction fees to support operating costs? Which would be very similar to the banking system that we have today but without Government backing.
I'm not saying that price averaging is practical or safe, but it's yet just another way to protect yourself from volatility. As for mining - no one can predict the future. But it's a self regulated system (less miners, diff goes down, profitable again). Also, I wouldn't be surprised if in future some of the large BTC related companies will be mining just to secure the network. If their profit is grater than loss on mining - it still would make sense (in financial terms) for them to do it. And it will never be centralised (Central Bank style) as long as anyone is free to start mining or running a node. |
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+1. I agree it may helps but we should avoid bothering the legit newbies as well. Maybe allowing them to write only in newbie jail & Meta? Maybe granting them read-only access to technical sections?
Disagree, why do you want to restrict the access to technical boards? I've seen many newbies signing up just to get some technical help. You cannot guarantee that anyone with specific tech knowledge will be monitoring beginners section. And if newbie starts non-tech thread (spam/fud etc) it tech section, you could just report it and get it removed. |
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79% of what? The high bitcoin price $1,200 to $250 = 79% decrease
That's the price decrease, not company's loss. Trent Russell already answered that but you ignored it. I didn't declare them insolvent, I just don't trust any company offering a guaranteed BTC to $ return especially when you read the TOS.
No one asks you to trust them. Again, if you're concerned about their model you should ask them to clarify in the first place. Did you bother to do it? I had a roommate from Panama that said that for enough $$$$ you could essentially do what ever you wanted as long as the right people were paid off.
That could be applied to any country, the definition of "enough $$$$" will vary tho. Still, Panama being corrupted doesn't mean every business registered there is automatically a fraud. Now back to my original problem with bitcoin volatility.
To be widely accepted, bitcoin needs to settle down. People want their currency value to remain fairly stable, not fluctuate wildly like a commodity stock. Imagine if your paycheck was paid only in bitcoins and you would gain or loose 35% of it's value week to week. Currently you still have to convert to fiat $ to pay bills. Would your utility company, landlord or mortgage company deal with +/- 35% weekly value fluctuations? Would you be able to pay your rent, mortgage, car & health insurance or buy groceries? Sorry kids, we don't eat this week:(
Price averaging. Your kids will eat in " -35% week" if you saved a surplus from "+35% week". Volatility is inevitable in the early stages. What do you suggest? Pegging it to USD? |
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Can i join marcotheminer?
I don't know whether you can join marco, but you cannot join the campaign: Member & below - Not allowed So it's for full members and above. |
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