Yeah , and all others like it. Of course you can't say it died for sure but no news from them . |
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bitcoin.de is a blessing compared to all the other exchanges, very nice design and functions, you don't have to deposit money on it, only bitcoins, and you pay directly to the seller with bank transfer, and you can even spend up to $2,500 before needing a complete registration...only problem, if we want to call it so, is that you need to be in the Euro zone, sorry Americans&Asians&rest of the world  btc-e and the others are good only for coin-coin exchanges...anyway I have no affiliation at all with bitcoin.de, just sharing my experiences, all other exchanges should be like that, and not only for the Euro zone... Euro zone , or European Union? Cause I'm getting interested on this , heard a lot of good stuff about it. well, I can tell you that you have to pay through SEPA bank transfer (or national bank transfer, if the seller's bank is in the same nation as your bank), which is only available for banks of the countries that are in the Euro Zone I think...quote from Wikipedia: "The Single Euro Payments Area (SEPA) is a payment-integration initiative of the European Union for simplification of bank transfers denominated in euro. As of November 2013, SEPA consists of the 28 EU member states, the four members of the EFTA (Iceland, Liechtenstein, Norway and Switzerland) and Monaco" As I said, I recommend bitcoin.de, I personally made more than 10 trades, all successful, and the community is generally friendly, and the coin disbursement doesn't usually take more than half an hour...in addition the possibility to spend up to 2,500 euros before a complete verification (only with a bank account verification) is a great feature The euro zone means the states that adopted the euro as a currency. That got me curios. SEPA is for the whole Eurpean Union. I'll give it a try , what the hell! |
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I think a flaw in your argument is that you are speculating about the future of bitcoin, but applying the current day bitcoin wealth distribution. As if as we go from here to sole reserve currency, it won't change dramatically.
First attempt to prove that after bitcoins grow to the point of being sole reserve currency half the bitcoins ever created will still be in their current owners hands. I think it's possible that there would be enough distribution of coins along the path that at the end of the road the concentration aren't in higher ratios than with our current system.
I think that is being extremely optimistic, but even if your scenario were to prove true-- nothing in the world would change at all, so what would the point of the currency be? Maybe I'm asking too much, but in other words-- what would be so revolutionary about it? I don't think anybody should have any delusions that bitcoin "solves" disparities in wealth. There will always be wealth disparities, that is just a reality. If the only value bitcoin was touted to bring to the world was no more wealth disparity than your point is valid and bitcoin will be pointless. The world can change dramatically and still have rich and poor people, not sure why you would think otherwise. If anything I think bitcoin can bring somewhat reduced unfairness in wealth distribution long term. Sure there will be some wealth concentrations around the smart and business saavy, around the ruthless and psychopathic, and around some due to early adoption for awhile. However this is true with our current system, and with bitcoin you get the benefit of not allowing the rich and powerful to crony up to the money printers and get first dibs like you see with most fiat. So my prediction would be somewhat more fair wealth distribution, as well as all the other advatages that comes with sound AND programmable money. Sounds pretty good to me. You're sooo wrong. Somebody cursed me and called me a non - believer (not the actual word he used) , because I said that bitcoin won't solve the problems of poverty and hunger in Africa. You idiot OF COURSE bitcoin will solve world hunger, world peace too, otherwise what's the point?!!?! You have to add "Asic communist" so that I will feel really insulted  ))))) |
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Well my main piece of advice that I am looking for is if I put down 2,500 for a bit coin miner at 50 GH/S will it be profitable at all in the next 3 or 4 months? Then I could just buy a bigger miner.
If you're going to pay 50usd/GH , I suggest you think twice about it. After seeing the one malumeze86 referred. 1TH/s for $3527 I am definitely interested in buying that but I want to be sure it will make profit because the bit coin value does look like it is declining. If you think that the value is dropping why even bothering investing in bitcoin ? Can you call for sure that it will drop tomorrow also , and until what point , and how fast and much it will rise? Getting into mining it's a bit of a gamble , and you have to pick the horse that will finish the race without running with your pre-order money. |
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I think a flaw in your argument is that you are speculating about the future of bitcoin, but applying the current day bitcoin wealth distribution. As if as we go from here to sole reserve currency, it won't change dramatically.
First attempt to prove that after bitcoins grow to the point of being sole reserve currency half the bitcoins ever created will still be in their current owners hands. I think it's possible that there would be enough distribution of coins along the path that at the end of the road the concentration aren't in higher ratios than with our current system.
I think that is being extremely optimistic, but even if your scenario were to prove true-- nothing in the world would change at all, so what would the point of the currency be? Maybe I'm asking too much, but in other words-- what would be so revolutionary about it? I don't think anybody should have any delusions that bitcoin "solves" disparities in wealth. There will always be wealth disparities, that is just a reality. If the only value bitcoin was touted to bring to the world was no more wealth disparity than your point is valid and bitcoin will be pointless. The world can change dramatically and still have rich and poor people, not sure why you would think otherwise. If anything I think bitcoin can bring somewhat reduced unfairness in wealth distribution long term. Sure there will be some wealth concentrations around the smart and business saavy, around the ruthless and psychopathic, and around some due to early adoption for awhile. However this is true with our current system, and with bitcoin you get the benefit of not allowing the rich and powerful to crony up to the money printers and get first dibs like you see with most fiat. So my prediction would be somewhat more fair wealth distribution, as well as all the other advatages that comes with sound AND programmable money. Sounds pretty good to me. You're sooo wrong. Somebody cursed me and called me a non - believer (not the actual word he used) , because I said that bitcoin won't solve the problems of poverty and hunger in Africa. |
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bitcoin.de is a blessing compared to all the other exchanges, very nice design and functions, you don't have to deposit money on it, only bitcoins, and you pay directly to the seller with bank transfer, and you can even spend up to $2,500 before needing a complete registration...only problem, if we want to call it so, is that you need to be in the Euro zone, sorry Americans&Asians&rest of the world btc-e and the others are good only for coin-coin exchanges...anyway I have no affiliation at all with bitcoin.de, just sharing my experiences, all other exchanges should be like that, and not only for the Euro zone... Euro zone , or European Union? Cause I'm getting interested on this , heard a lot of good stuff about it. |
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Bitcoin is by design encouraging saving and thus attracts people who would like to save. (But have only shitty ways of doing so thanks to the inflationary monetary system  ) The is the argument against a gold (or bitcoin) standard by the FED and banking status quo. Under today's credit fiat system, it makes no sense to "save" money in currency since it continuously inflates. Instead savers are suppose to invest the money into businesses, capital spending, stocks, etc. The problem is today no one saves this way, instead savers (those with disposable income over expenses) spend money frivolously on vacations/restaurants/crap instead of saving for the long term, and many of those who do invest do so in bubble type assets (i.e. large houses). The fiat credit system is suppose to work in theory, but in practice it obviously does not. Hence bitcoin. It provides a real escape for true savers. Saving is good, hoarding like a lunatic is not. Confession: My name (pseudonym) is Erdogan, and I am addicted to the austrian economics. Everything that is produced, has to be consumed or invested (in capital goods). When you buy a car, you pay with your work. Or, even easier to understand: when a farmer buys a pair of rubber boots, he really pays with potatoes. The money is just oil in the trading machinery. Money has to be maximally tradable, and it has to keep its value in the short run and the long run. The two main functions of money, medium of exchange and store of value, are closely related, and you can not have the one, and not the other. When you save money, you let other people consume what you do not consume. All saving is for the purpose of spending later. Tomorrow, next summer, when you retire, or by your descendants in the next few generations. Hoarding is just a derogtive name for for saving, and the hate is undeserved. What is bad with letting some needy child getting in front of you in the toilette queue? The savers (hoarders) deserve to be able to spend the full value of their savings when they later decide to spend. With bitcoin, of course, you will be able to spend more. That is because bitcoin, the new money, is in the implementation phase. When you save in bitcoin, you do not just save, you are also an entrepreneur. You are paid for your knowledge and vision, by giving the world a better money. The bitcoiners saw all that they had made, and it was very good. Let's say only 300000 people own bitcoins today and they all decide to hoard their coins for 20 years. How will this new money spread to the rest of the population? Those who want in, will buy, the price will rise until some of those hoarding are willing to sell. I always say I'm going to hold for the long term, but I'm a college student living off of a few thousand bitcoins, there is a price. From my understanding somebody is hoarding bitcoins when he has more coins than you do |
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Oh crap another thread wasted by somebody trying to argue with AnnoyMint.
ps.
You, Panda! , out of the way:)
Want to take over, big brother? Lead the way! You were the only one without the ignore in two pages , ruining the scenery. |
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This forum is shitty.
Pm Theymos about that:))))) Been there done that ...no word ...haha lols , I was saying to pm him about the forum being shitty , not the hack |
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Bytecoin at +2.96 percent looks pretty appealing...  Yeah , somebody but 1$ worth it. If they buy 2$ the market cap will double. |
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This forum is shitty.
Pm Theymos about that:))))) |
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Reports coming that Baidu/China Telecom have stopped accepting Bitcoin. All those people who badmouthed me can kiss my a$$.
You really need to read more than headlines, you just keep making yourself look like a fool. Look like a tool? Im the first person on these forums to call this China thing major bad news and predict a slide down to the mid hundreds. Now go troll somewhere else idiot. Modesty at it's best. Lets see if I got this right. China releases announcement. Everyone circle jerks over how this is actually good news ( http://imgur.com/3TAAoon) I come on here and make the first real thread saying why this is bad news and implications. I get crucified, called a bunch of names, ignored, etc A day later I stick by my guns and predict that price will slide down to mid hundreds. Several hours later Chinese vendors remove BTC pricing (as I predicted). BTC crashes to mid hundreds. Now I come on here and see people are still talking shit about me?! Cmon man, what you want me to say at this point.. First , I was the one that actually replied to your post so I know what you did. The thing is , lots of people called China bad news , and I won't bet on you being the first. I quit horse betting a while ago and I won't start again. |
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Funny that your post history tells nothing like that , and if it just the opposite.
Btw , I know the lucky numbers from the last lottery.
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People are beginning to care less and less what gox does , unless it makes something like the "failure" yesterday :
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End of 2013, probably back to around $1100. But well played by spreading the FUD, I have to agree
You think that bitcoin needs anyone in this forum to spread fud for bitcoin to crash? Like the bank of china declaring that bitcoin is not a currency and baidu removing it from their site is not enough... lmfao, stop with the Baidu shit. NO BAIDUS WHYYYYYYYYY CAHSING OWTTT China leads again next week and for the foreseeable future, I guarantee it. Obviously there a is a possibility for the downtrend to stop and for china to lead again. But let me ask you something. When baidu started accepting bitcoins did you wrote "lmfao, stop woth Baidu shit." ? Actually I was laughing at the messages and telling poeple what will happen if somebody sent a message with "Free tibet!" |
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When I saw proudhon, I was like.. wait... he's back on the speculation subform? WHAT? Oh wait, 2011.
I was also quite surprised he predicted we'd see sub $1 prices. Oh, 2011.
Same thing here!. I was already gonna yell , what are you doing here!!!! |
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What's that? BTC China trading isn't illegal? So everything is the exact same as before?
But...the Keynsians in the media are saying scary words like Bitcoin banned in China...
Please do not crush my whole world view and tell me that the media is a bunch of idiots that like to deceive so that they can all laugh about how they are helping to enlighten the plebes when they are at their dinner parties.
Unless you are Ironic , I would like to know where you get your stuff now , with SR gone , Sheep gone , etc :0 |
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This is proof we are still at the infancy, We have a long way to go guys this is just the start. Wait for 2014 More solid exchange will pop up I'm more concern with those we already have not surviving 2014 entirely. We already had a " hacking " November. |
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now all you bulls who just panicked selled in the last hour, you got a much bigger problem, just how the fudge do you all get the cash out of Mt Gox's bank account together? answers on postcards.
Do you honestly believe nobody can get cash out of Mtgox? i means that there is a tipping point that when peeps withdraw enmasse from mt gox it would not shock me if they just shut the doors. if they pull a loop on yer, they are capable of anything Look at the volume , and then think how much gox is making from the fees , even with their crappy engine. There is no need for them to shut the doors. |
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