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5521  Bitcoin / Bitcoin Discussion / Re: bitcoin foundation and child porn on: April 08, 2014, 02:37:42 PM
I consider assassination markets an urban legend, I mean even the SR guy only could find a fed who posed as hitman ... or did I miss some story here?
I wish it was movie stuff.  Undecided

Yet what we see from the assassination Tor site is a small list of names with fairly low amounts of bitcoin pledged and apparently not a single prior prediction paid out.

I also saw that link appear several times in the many recent threads regarding Mark Karpeles, and despite the number of people wishing him harm or death clearly his name has not yet been added.

So from those facts I come to the conclusion that very few people take that site seriously enough to pledge funds and no one takes it seriously enough to make a prediction come true. i.e. it doesn't disprove the statement that assassination markets are an urban legend.

I think you are right that there is little interest in this compared to how much talk there is. However, the system does work in theory and it will only take one hit to draw serious regulation. It could easily lead to a total tracking of all coins; even an outright ban. Almost nobody wants that now.

5522  Other / Politics & Society / Re: The Most Christian Based Country In The World on: April 08, 2014, 02:19:34 PM
The answer is the Vatican. Name another country that is led by an absolute monarch who is also a Pope. Easy question. 
5523  Bitcoin / Bitcoin Discussion / Re: China Ban Bitcoin my a$$..... on: April 08, 2014, 02:15:40 PM
Because the government does not understand Bitcoin, so response is slow. The government is afraid of doing something wrong, so also more conservative.

+1
Yes. and what is wrong with that? China is not out to crush bitcoin, they just are afraid of hurting their economy. Those who know the story of QQ money in China know where they are coming from.
5524  Economy / Speculation / Re: Taking a loan to buy bitcoin on: April 08, 2014, 02:08:29 PM
I don't understand why it's crazy to take a loan to buy bitcoins, it's only crazy if you have unrealistic expectations of bitcoins value going up.  The nature of bitcoin is that its value can only go up, because of its fixed supply and harder to come by as time goes. The nature of fiat is that its value will go down, because of its unlimited supply and inflation. Simply put, if you buy $1000 worth of bitcoins now, that $1000 bitcoins are gonna worth more than $1000 in the future where as the same $1000 worth of fiat money now is gonna worth less in the future.
Your statement is logical if your premises are true. But I don't think they are. Bitcoin value is not a one way street. It can and does drop in value. And it may stay down for a year or more. It is still in beta and a true fatal flaw could be discovered anytime.  Bitcoin should still be considered a very risky thing to invest in. It was never designed to be an investment and does not behave like one.
The only thing that is sure about the deal the OP has contracted for is that he now owes the bank the money he borrowed AND the interest AND the late fees if he runs into a cash flow problem. The bank is going to make a profit no matter what. They are the smart money here.
Bottom line is that the op now owns far less than he borrowed. In order to make payments he must be selling the coins he bought for a fraction of what he paid. When he is out of coins he may be in serious debt. Next comes his stuff, his car, his house. 

The way to have done this is to buy tiny amounts you can afford to lose over a long time horizon. If he had done that he would have less coins, but he would have gotten them at a better price. Most importantly is that he would have coins, not debt.
5525  Economy / Speculation / Re: On April 15, Bitcoin will go to the moon. on: April 08, 2014, 01:45:01 PM
As long as the moon is about $520, I think we have a chance.
5526  Economy / Speculation / Re: I am confused what exactly will happen to the price of bitcoin on April 15? on: April 08, 2014, 01:40:15 PM
The real question is how much is already priced in. ...
+1
I can't believe that anyone with real money is going to wait until a deadline. They did not get that money in the first place by sitting around waiting for things to happen. Some people make things happen rather than letting things happen to them.
5527  Economy / Speculation / Re: I am confused what exactly will happen to the price of bitcoin on April 15? on: April 07, 2014, 11:23:34 PM
Don't listen to predictions, it's just people making guesses. No one knows the future.
Why don't you guess? Your guessing is just as valid as anyone.  Smiley
5528  Bitcoin / Bitcoin Discussion / Re: Why do people think exchanges set the prices? on: April 07, 2014, 11:13:24 PM
In reality, only you set the price! For your coins.
5529  Other / Politics & Society / Re: British hospitals burned dead babies to heat buildings. on: April 07, 2014, 05:07:23 PM
Obviously they are not using babies for heat. They are incinerating them as per legal requirements dealing with bodies. They surely also burn tumors, severed limbs, etc. Kinda gross, but not as shocking as it sounds.

The title of the thread obviously says they did, base on

Filmmakers working on Amanda Holden: Exposing Hospital Heartache discovered that the bodies of thousands of aborted and miscarried foetuses were burned as clinical waste in hospitals across the UK, with some being used to heat NHS buildings
In that case I can confirm that hospitals across the U.S. are being heated by babies, tumors, all sorts of body parts, as well as trash, food scraps, etc. I think our local EMS protocol is to throw everything into the incinerator except sharps, Haz-Mat stuff or radio isotopes.
But it's not like in the winter they go looking for babies. lol
5530  Bitcoin / Bitcoin Discussion / Re: Why Warren Buffett is an enemy of Bitcoin? Interesting!!! on: April 07, 2014, 04:57:28 PM
I don't think of him as an enemy. He just doesn't get it. Lot's of people don't get it.
5531  Bitcoin / Bitcoin Discussion / Re: bitcoin foundation and child porn on: April 07, 2014, 04:50:26 PM
This, along with assassination markets and ransom-ware, are serious issues.

I consider assassination markets an urban legend, I mean even the SR guy only could find a fed who posed as hitman ... or did I miss some story here?
I wish it was movie stuff.  Undecided
The first link is to Jim Bell's original idea. Below that is a bitcoin implementation. This is a problem without a solution so far.

http://web.archive.org/web/20041009113523/http://jya.com/ap.htm
https://assmkedzgorodn7o.tor2web.blutmagie.de/

5532  Other / Off-topic / Re: A MOVIE EVERYBODY SHOULD WATCH on: April 07, 2014, 04:30:37 PM
A movie about why the world needs Nazis.  Roll Eyes

60 million people died in the WW2. And you want the Nazis back?
I certainly do not. My Dad had to beat them down last century, I'm ready to do it again. Not that it's going to happen. The Germans are more sensitive about this than anyone.
5533  Bitcoin / Bitcoin Discussion / Re: Making the world a safer place with bitcoin on: April 07, 2014, 04:12:59 PM
Maybe a dancer (stripper really, since dancing is optional but stripping is not) could carry a QR code in her g-string. That way you could still stuff money in her underwear electronically.  Lips sealed
5534  Bitcoin / Bitcoin Discussion / Re: bitcoin foundation and child porn on: April 07, 2014, 04:05:55 PM
You can find out more for yourself at bitcoinfoundation.org .

This, along with assassination markets and ransom-ware, are serious issues. The kind of things that will scare soccer moms and allow a pretext to be created by those who would like to see bitcoin go away.   
5535  Economy / Gambling / Re: What are YOUR Most Loved Gambling Sites? on: April 07, 2014, 03:40:43 PM
How about the exchanges? Trying to get a good price is always a gamble, and if you apply yourself a little the odds are not that bad.
5536  Other / Off-topic / Re: How to LOSE money online? on: April 07, 2014, 03:35:53 PM
There are now more ways to lose your bitcoins on line than ever!

My favorites include:..




Do Ponzis come under "investing"?
Ooo, that's a good one. Especillly one run by a user with a -9 trust rating. lol


I actually have won 1BTC from Ponzi, so I would not recommend it if you want to lose money Wink
Keep trying! with gambling it is important to remember "Chances are, you'll lose!"
5537  Other / Off-topic / Re: How to LOSE money online? on: April 07, 2014, 03:29:18 PM
There are now more ways to lose your bitcoins on line than ever!

My favorites include:
  • "Investing" in bitcoin.
  • Buying alt coins.
  • Mining.
  • Buying into a bitcoin related stock or share of something.
  • Requesting or funding loans.
  • Many bitcoin software apps can automatically lose your coins. You don't even have to ask!
  • Trusting an exchange to store your funds.
  • Online wallets.

Of course, using any of these techniques does not guarantee a loss. Some people have even made money from these. However if your goal is to lose your money they are good bets.  


5538  Other / Off-topic / Re: Googe Fiber....Should ATT, Comcast, Verizon Be Scared? on: April 07, 2014, 03:16:43 PM
Google doing what they do best, disrupting a corrupt market. More power to them. The prices ISPs charge are ridiculous compared to what little they do. Google knows that a fair price for 100meg service should be about $10. The moment fiber hits my town, I'm switching. 
5539  Other / Off-topic / Re: A MOVIE EVERYBODY SHOULD WATCH on: April 07, 2014, 02:57:16 PM
A movie about why the world needs Nazis.  Roll Eyes

It is actually fascinating to see what people believed a century ago. Kinda like watching a doctor in a cigarette commercial from the 50's.       
5540  Economy / Speculation / Re: why the sudden drop in price? came outa nowhere? on: April 07, 2014, 02:49:27 PM
I see about a $10 drop at bitstamp. Looks like a big sell went through an hour or so ago. Is that what your seeing? I guess it's supply and demand. If you were to want to take $50K of profits denominated in dollars, you would likely move the market unless you were in a dark pool.
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