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581  Bitcoin / Bitcoin Discussion / Re: Imagine in 1990's that all emails should have a paid postage stamp... on: June 17, 2015, 05:23:09 PM
It looks like there's people already organizing against this:
https://act.eff.org/action/stop-the-bitlicense

I wonder was satoshi thinks about the impending regulation hell that's coming.
582  Other / Beginners & Help / Re: Got BTC, Want PP $$ on: June 16, 2015, 06:14:16 PM
Hey guys,

Where can I sell my BTC for PP without getting scammed?

Why would you even use PP? We are in 2015, there are tons of ways to get BTC way better than PP, which is an excellent way to get scammed.
583  Bitcoin / Development & Technical Discussion / Re: Confidential Transactions, Content privacy for Bitcoin transactions on: June 16, 2015, 06:07:52 PM
Does this mean that only the amount of the transactions will be obfuscated but the addresses still show up in the blockchain? Im a math and coding retard so I need this in layman words to know what this feature exactly does.
Will this be useable within sidechains's "alts" or can you use it within btc transactions too?
Will we ever be able to have totally obfuscated transactions that don't even show up in the blockchain (monero style)? what is the impact of such improvements in privacy regulations wise? i don't think the government will like the idea of it because they can't tax your shit. If it's difficult now with coin mixers and whatever, imagine in the future.
584  Bitcoin / Bitcoin Discussion / Re: The country that declares itself a bitcoin haven, is sitting on a goldmine on: June 16, 2015, 05:54:02 PM
I have come across forum topics and articles discussing the various btc regulations that various nations are coming up with.

Two of the most stifling bitcoin regulations is the bitlicensing requirements from the state of NY, and the double taxation of btc in Australia.

Is this not a great opportunity for country (or a state) to declare themselves "bitcoin friendly" and encourage btc exchanges/financial services to setup shop with them?

One would think there is a iot venture capital available with bitcoin startups in need of btc havens to start and grow their businesses without regulatory fear and heavy fees and taxation.

What countries do you think are or will be legally welcome places to have a bitcoin business?

H.

The problem is it's more difficult for them to tax a currency that they don't control internally. How can they tax BTC usage effectively? There's not a clear way, and as technology advances more anonymous ways will flourish. Gmaxwell announced the possibility of confidential transactions in the future.
I think they will get rid of cash and start their own e-currencies and leave Bitcoin in some sort of grey area, unless someone explains me how they are going to tax everyone's Bitcoins.
585  Bitcoin / Bitcoin Discussion / Re: How many friends did you recommend bitcoin to? Did they accept it? on: June 16, 2015, 05:42:53 PM
I talked to my friends about  bitcoin, but I have not recommended anyone to buy , that is their decision , there is always a possibility ' of losing money ... about 30% of them have downloaded a mobile wallet where i sent few cents to show him how BTC work

Yep they are broke to buy, and lazy to earn bitcoin.

Typical lazy mentality  Cheesy

Lazy to earn bitcoin and lazy to make an investment. Every one wants to earn profits without making any investment. My friends showed their interest in bitcoin but when they came to know that it requires initial investment. Every one just turned up.

Yeah all of mine are the same. It's just generally awkward to talk about stuff like this. I would rather keep it to myself and reap the benefits later on.
I think to get Bitcoin you need to have an at least small context of what fiat is and what role BTC plays, im just not good enough to explain this to people that have 0 notions on the subject.
586  Bitcoin / Bitcoin Discussion / Re: Santander: Blockchain Tech Can Save Banks $20 Billion a Year on: June 16, 2015, 05:34:27 PM
Blockchain technologies could reduce banks' infrastructural costs by $15-20bn a year by 2022, a new report from Santander InnoVentures claims.

http://www.coindesk.com/santander-blockchain-tech-can-save-banks-20-billion-a-year/

Do you realise how much money is that? With such savings,the bank could raise bank deposits interest rate or lower the loans interest. That refers only to some banks,there are some who just want to keep the profits for themselves.  Tongue

Everyone will be using the Bitcoin blockchain to run their banking infrastructures, because it doesn't make sense to use any other blockchain. Not using the Bitcoin blockchain = guaranteeing your shit will get hacked. For some reason they STILL keep the "blockchain tech" thing but tend to avoid the part where a cryptocurrency is basically the fuel that keeps the blockchain running.
587  Bitcoin / Bitcoin Discussion / Re: anyone read this article: The scam called Bitcoin? on: June 16, 2015, 05:26:50 PM
they forget that bitcoin is actually something useful, apart from the speculation behind it, how they can even think of comparing it to any scam or ponzi

when it is obvious that the technology used by bitcoin is something revolutionary, even nowadays, they are just another bunch of delusional who missed the 2009-2010 train

These articles are always written by totally clueless people about Bitcoin, which in this case can't really blame them, but what grinds my gears is when it's made by people with agendas that purposely try to kill BTC with their fud content, which is obviously not workin by the way.
588  Bitcoin / Bitcoin Discussion / Re: ACT FAST ! Early bird tickets still only $250 ! on: June 16, 2015, 05:07:28 PM

ACT FAST !
Early bird tickets still only $250 !
Join world wide ledger with world's only independent money!
#bitcoin is here to stay

https://twitter.com/bitpump/status/610844557211762689

Non believers will believe again once the price is way to expensive for them to get in, then they'll start crying about not buying on time again. History will repeat itself again, but this time it will be way higher than 10K.
589  Economy / Speculation / Re: ~1,314,000 new coins will be created over the next 365 days on: June 14, 2015, 10:32:47 PM
Some will be sold.
Some will be kept by miners.
Either way, the bitcoin economy will need to absorb 1,314,000 new coins. At $230 per coin, that's 300 million dollars to break even.

At any given time, someone can spike the price up to $500 or $1000 or more. But don't be fooled. It won't last because it can't last. The trend is down because Satoshi designed 2015-2016 to be part of the distribution phase. Controlled supply somewhat guarantees that there will be buying opportunities for years to come.

I only wish I'd learned this earlier.

Totally agree. 2015-2016, the big "second chance" period. History books will be written about how the common folk and stuck up idiots that only listen to Warren Buffet, managed to miss the boat twice. First, before the 1K bubble, understandable because few heard of BTC back then. But the second one will be the one that makes everyone not buying monthly during this long period look like a huge moron once it takes off to new ATHs.
And the funny part is these guys will end up entering the third time, buying during the third ATH bubble.
590  Economy / Speculation / Re: Mastering Fear on: June 14, 2015, 10:28:58 PM
"again and again" really sums it up, how come the herd never learns to buy when prices are down 80 to 90%?
Oops, shhhhh... don't tell the noobs.

Some people fall into the trap of waiting for that special perfect price, till the point you realize you just missed the boat, which by then is too late. The best strategy is to start buying in small amounts as soon as you think its going low enough. Of course, some people just can't be helped and are too scared to pull the trigger, so they don't have a "low enough" threshold. These people weep and hate at the investments they were considering entering at when they take off out of frustration.
591  Other / Beginners & Help / Re: Mining Dollar and Euro on: June 14, 2015, 10:25:25 PM
You can't mine centralized money like euro or dollar, you can only mine bitcoins or cryptocurrencies.

Actually you can. Ben Bernakle has an enchant diamond pickaxe which includes a special power called "summon", which spawns as much more fiat as needed without any costs except the debt that people has to pay for the next forever years.
592  Other / Beginners & Help / Re: [FUNNY] How to clone, copy and replicate BTC on: June 14, 2015, 10:23:52 PM
That's fake and gay, here's the actual way to clone your Bitcoins.
1) Find your Bitcoin wallet.dat file
2) Copy this file
3) Paste it
4) Now you got two wallets, you just doubled your money
5) Repeat as many times you want
6) Huh??
7) PROFIT
593  Other / Politics & Society / Re: Why do Atheists hate Religion ? on: June 14, 2015, 10:08:52 PM
Atheism is at its core a reactionary whining that thrives on destruction of established ideas chiefly founded by those who had daddy/mommy issues with strict christian parental 'oppression'.

Done.

/thread

Not really, it atheism just requires proof to believe in something, and all religions seem to be bullshit that ancient people used to have the pleb working and not complaining about inequalities.
594  Bitcoin / Bitcoin Discussion / Re: Negative full page Bitcoin ad in Swedish newspaper, paid by big Swedish bank(!) on: June 14, 2015, 09:52:20 PM
It's like when back in the day they said the internet was this evil thing for criminals. They are always going to be scared at things that treaten the status duo. At least these guys are getting paid to FUD contrary to the no-life posters in this forum that create a new account daily to create threads announcing the doom of Bitcoin.
595  Bitcoin / Mining speculation / Re: Worth investing now? on: June 14, 2015, 09:44:51 PM
There's is luck involved because you can't really know who gets the reward but it can be calculated as expected monthly gains, you need to know the hashing power of the machine you will buy, the current difficulty, and the electricity costs in your area, with these variables you can get a estimate.
596  Economy / Speculation / Re: [prediction] Next spike $560,000 14 months from now on: June 11, 2015, 09:11:21 PM
500 to 1 million per BTC is a fact if it ends up going mainstream and replacing all banking infrastructures. It will take at least 1 to 2 decades tho. If it goes 500K in november I will probably die from a heart attack anyway.
597  Economy / Speculation / Re: winklevoss announcement 11 june when? on: June 11, 2015, 08:46:13 PM
The Winklevii has been working hard to get everything ready. Gemini should give a nice entrance of dollars in the market. A lot of people that don't know how to get in will be able to get in now, specially old money.
598  Economy / Economics / Re: Is it better to save money or invest it? on: June 11, 2015, 07:09:33 PM
Since there were many news that stated some banks got problem, e.g. bank was hacked, bank fired employees, etc, I think people especially the bank customers began to withdraw their cash and choose to invest it. They don't want to risking their money anymore, and the investment is best solution for them which they will get higher profit than saving it.

I don't think that people who just saved their money would have much desire to invest it again anytime soon, since keeping money in a bank is also an investment (kind of). Those who have a lot of money (given they saved it on a deposit in the first place, which I doubt) would buy gold, real estate, or US Treasuries, those who don't have that much would just keep cash under mattress...

Ofcourse, The people who are have lots of money would definitely go for keeping their money safe in the banks by transferring it into fixed deposits the interest rate is less but atleast their money is safe and when it comes to banking system I don't think that the big fish would ever be shut down.

The mega wealthy diversify a lot, they have a big % of their wealth in real estate, some even collect cars that appreciate with time like Mayweather. Then we have the classics which are metals, and the rest in the bank account. Never a good idea to leave it all in the bank. I wish I was that wealthy to have those kinds of problems tho.
599  Bitcoin / Bitcoin Discussion / Re: Methods of growing your Bitcoin? on: June 11, 2015, 05:38:53 PM
~~~

Yes more than 100 comments per day really sound wierd. I mean if you have to comment above 100 then i think you need to spend more than 12 to 14 hours on the PC and that sounds miserable and yes it would be definitely stressful. Cloudthink is giving really good payouts but cannot afford to trust that campaign what you say guys???
doing 100 comments a day will get you banned! if you don't lose your eyesight Cheesy

as far as Cloudthink campaign goes, it is paying the participants every ~3 days and it has paid out so far.

100 a day is just insane. I tend to do like 5-7 daily tops during my office breaks when I feel like posting something, I don't try to be a smartass posting huge posts and don't flood, just regular posting as if I wasn't in a signature campaign.
For the time spent making 100 comments, you could make way more money flipping burgers.
600  Bitcoin / Bitcoin Discussion / Re: whats making fraud in bitcoin? on: June 11, 2015, 05:30:14 PM
51% Is not enough sometimes, is just a threshold where you start being in an a dangerous area, it doesn't automatically mean that if you got 52% yo can go around double spending etc.
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