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561  Economy / Speculation / Re: How many bitcoins do I need to retire in 20 years? on: August 28, 2016, 03:04:12 PM
No more than 21, because 21 is already an entry point high enough to make it prohibitive for most of the population out there, and less than 1 million people can ever own 21 BTC, so that means being rich as a motherfucker in a decade or two.
562  Economy / Speculation / Re: Bitcoin will hit $3k-$4k by end of 2017 on: August 27, 2016, 02:56:05 PM
It's going to be at 1 million per coin in 10 to 20 years, so who cares if it will be 1k or 5k in the next year. In the all time graph it will be seen as simple market noise.
563  Bitcoin / Development & Technical Discussion / Re: Why do you need to download 7 years of chain block on: August 27, 2016, 02:21:40 PM
Will it ever be possible to enable pruning mode without having to download the entire chain the first time?
Isn't 1GB enough to guarantee safety? I mean who (attacker) is ever going to manage to go "1gb back in time?"
Of course full nodes is deal but I think people would use Core wallet more if you could enable pruned without download entire chain first time.
564  Bitcoin / Development & Technical Discussion / Re: i need good blockexplorer and rich list maker for coin!? on: August 27, 2016, 02:08:58 PM
If you don't have coding experience, you can use this:

https://github.com/bitcoin-abe/bitcoin-abe

It will generate a blockchain explorer site automatically.
565  Bitcoin / Development & Technical Discussion / Re: Is something actually being developed to solve the centralized exchange problem? on: August 27, 2016, 01:57:14 PM

Did you read the OP? bitsquare is not an exchange like poloniex, it is a marketplace, you can't properly speculate and go in and out of fiat instantly, you settle the transaction with an individual, like localbitcoins.
566  Alternate cryptocurrencies / Altcoin Discussion / Re: Decentralization is a dream on: August 27, 2016, 01:52:42 PM
Bitcoin is not controlled by the chinese. The chinese still have to come into agreements with the devs, the merchants and the node runners.

Also in the future we will have other countries competing against china.
567  Bitcoin / Bitcoin Discussion / Re: We need an incentive to make first world population use Bitcoin on: August 27, 2016, 01:20:45 PM
Transaction fees is another setback that should be looked into, you don't pay to spend fiat but you have to pay to spend bitcoins.
Mmmh how the fuck you don't pay to spend fiat? You mean physically? Well physical cash will be removed in the future so what then? Everything will have some kind of tax, well it does right now already.
568  Bitcoin / Bitcoin Discussion / Re: What will be the fate of Bitcoins in the hands of government coins on: August 27, 2016, 01:14:41 PM
Government coins can never overtake Bitcoin because:

1) Government coins are closed source
2) Inflationary (infinite supply)
3) The devs will suck compared to Core devs

569  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Facebook About to Get ‘Myspaced’ by Next-Gen Social Media? on: August 26, 2016, 05:55:16 PM
Oh and about Steemit and so on.. if Steemit is ever a treat against Facebook, all Facebook has to do is implement Bitcoin to pay for ad revenue and clicks to the users, and it will happen overtime. Everyone in Steemit will go back to Facebook to win Bitcoin by posting on there.
570  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Facebook About to Get ‘Myspaced’ by Next-Gen Social Media? on: August 26, 2016, 05:43:57 PM
To claim this, you have to point at real competitors. What competitors does Facebook have? Not a single one to be honest. A lot have tried, and they all fail. People is tired of changing social media around. Not even Google with Google+ was able to beat Facebook. In fact it was a disaster.
571  Alternate cryptocurrencies / Altcoin Discussion / Re: How many coins needed for success? on: August 26, 2016, 05:36:04 PM
If Bitcoin is fine trading with around 16,000,000 coins, then why does any other coin need more?


Total coin supply is just a matter psychology... when the total coin supply is too big, you tend to think of a single unit of said coin as some cheap stuff, like DOGE.

If its more rare, you find it more valuable per coin and expect a bigger price.

Of course, this is irrelevant if the coin is useless.
572  Alternate cryptocurrencies / Altcoin Discussion / How hasn't the OneCoin scam been stopped yet? on: August 26, 2016, 05:31:28 PM
This seems like your typical ponzi shit that is promising to be literally "the next Bitcoin". How are those idiots making so much money from ever bigger idiots and no one is doing nothing to stop it? All the people investing in Onecoin should be buying Bitcoin instead...
Anyway, I guess not everyone can be saved.
573  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH gets roasted and ETC gets support in Max Keiser's show on: August 26, 2016, 05:24:59 PM
I don't think this is the end for ETC. The DAO hacker can't dump his ETC without much volume and I don't think he wants to dump all his ETC so cheaply.
He should have lots of btc by now so it would not difficult for him to pump ETC before slowly distributing his ETC to people at a high price.

Yeah, I doubt he is stupid enough to not pump the coin before dumping. For 2 reasons:

1) The obvious one, you get more money if you pump it.
2) Selling all at once is a stupid idea and will get you tracked by feds
574  Alternate cryptocurrencies / Altcoin Discussion / Re: Proof of stake coins with strong community on: August 26, 2016, 05:17:49 PM
blackcoin had one of the biggest pumps ever back in the mintpal days. they're all gonna be targets for price manipulation at some point. out of that bunch I think peercoin is the realest coin. it's been around for a long time and has some great ideas. it deserves more attention.

Yeah I remember the Blackcoin pump, it was epic, amazing how high that coin went for no solid reasons other than some gimmicky stuff. I hope that everyone dumped a long time ago. It is now a stagnant coin and I don't see how it will ever gain any traction.
Not even peercoin looks like it can get anywhere to be honest.
575  Other / Off-topic / Re: du you spend coins on real life. on: August 26, 2016, 05:13:53 PM
Im trying to find in-real-life physical shops to buy Bitcoin with, but I can't find any. Also, it's annoying to me to need to mix my coins before buying, mixing is too expensive.
576  Alternate cryptocurrencies / Altcoin Discussion / Re: ETC = Most obvious way to double your money right now on: August 23, 2016, 06:56:35 PM
No, this is the classic "dead shitcoin" pattern where people lose interest after the first pump and dump and the value never goes back up again. The only reason it still has volume is because the bag holders are cutting their losses.

Wrong, OP is right. You are the guy that always misses all the pumps. ETC has a lot of volume and a lot of people interested in it getting pumped again. It does not matter how much it will take to pump, it will pump.

All the idiots calling LTC, DOGE, XMR, MAID... (and the list goes on) dead coins, are the idiots that don't load up on the accumulation periods.

ETC/ETH breakup has shown that the community knows very little about economics.  there are now twice the amount of coins with the same amount of total wealth invested....  the only way to keep this boat afloat is to sucker gamblers into buying it....  either way, the ideals that brought all the initial investors to the table have been thown aside, welcome to the titanic


All altcoins are is a means to experiment with technology and get more BTC in the process during the pumps and dumps. If an alt has good enough technology to implement in BTC, BTC will do so by protocol level or via sidechains.

Right now ETC is a good buy for speculation purposes, XMR not so much, who wants to buy during a pump? Not me. Good luck for those that do so, im not saying there isnt profit to be made, im just saying I agree with ETC being a better buy than XMR, and all alts are a gamble, so pick your winners.
577  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin: 3 outcomes on: August 23, 2016, 06:52:20 PM
So how come this guy went from hating LTC here:

Betting $500 that ltc will still be trading under $5 in October.

Ltc is useless and will never ba added to gdax or coinbase. Never. And if, for some reason it does end up there, the price will dump even harder

Lòoool

to pumping it here:

Litecoin will be added to Gdax today!

It is the 2nd oldest surviving cryptocurrency, more secure than bitcoin, traded on all major exchanged, and soon to be added to the world's largest Bitcoin company! (Coinbase's exchange; Gdax!)

I am sure plenty of other exchanges, like Gemini and Bitstmap, will follow suit.

Litecoin basically has everything a cryptocurrency should have, but is, on top of everything, more superior than any other coin in existence!

All the other coins are either dying, are scams, IPOs, ponzi schemes or simply pump and dumps.

Litecoin had a fair launch, creator is known and respected, it is fast, it is secure... it has everything a cryptocurrency should have!

If you're in it for the long-run, then I highly advise you to purchase Litecoin while it is still EXTREMELY CHEAP.

As long as LTC is below $20, it is CONSIDERED CHEAP.

Buy now before the mega rise... It will be $10+ before you know it. Also a GREAT opportunity to margin 20x long LTC on OkCoin!

BUY BUY BUY. THANK ME LATER.

CHIKUN ARISE!

LITECOIN TO THE MOON!

In a matter of days? He has already 2 pump threads up right now lol.
578  Alternate cryptocurrencies / Altcoin Discussion / Re: Didn't Monero have massive problems in terms of blockchain size? on: August 23, 2016, 06:29:36 PM
Monero has an infinite supply, it's an inflationary coin... I wouldn't expect the price to reach massive amounts like BTC. If I had XMR I would sell some right now. Common sense says that such a pump cannot be sustained for much longer. Good luck, im staying out.

gold is also inflationary... infinite supply... its price is higher than bitcoin atm... sure, this pump may not last, but is it really a pump when it happens because something actually gains utility? It's not a pump because of some stupid marketing shenanigans...

monero doesn't even have a GUI yet, has a shitty website and no marketing team... still the price is $4.6... make your own conclusions





Ehhh are you really comparing gold with any cryptocurrency? If you can compare gold to any crypto, that's Bitcoin.

In any case, what makes crypto great is the deflationary and certainty of the total supply. And my conclusions is that this coin is pumped as fuck. I dont know what will happen to those "anonymous coins" once Bitcoin releases all the improvements in privacy that are coming next year.
579  Other / Off-topic / Re: Steady Way To earn Bitcoin Online... on: August 23, 2016, 06:08:27 PM
If by stead you mean guaranteed, then there is no other better way than signature campaigns, even tho they pay very low, it's a good way to spread the bitcoins across the less fortunate, they are very important in the ecosystem and thanks to them a lot of people are getting their first btcs beyond the dust that a faucet can give you.
580  Economy / Speculation / Re: If bitcoin dropped to $1, what you do? on: August 23, 2016, 05:53:36 PM
This will never happen, but in a theoretical scenario just for fun, I would buy at least 10000 out of it to be able to say that I hold 5 figures in my Bitcoin wallet.
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