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5881  Economy / Speculation / Re: If it goes to $275, are you going to keep faith or just give up save the little. on: December 19, 2014, 12:00:48 PM
...save the little left that you invested?

Or are you going to buy more?

...

If it ever gets to the point where I can buy 1,000 BTC per $1, I'll just buy up all the available bitcoins and own it all!

That sounded kinda crazy, if you buy it all, then it would have no value, since no one else would be using it.

I don't know about that. Private key with all the bitcoins in it could have pretty handsome collectors value. After all, what many forget about, bitcoin made a solid mark in the history of money.

Why exactly 275$? Will OP as the same question with another number anytime the price changes?
 (If it goes to 250$..., If it goes to 1$..., if it goes to 100000$....)

What is so fraggin interesting about what the people do when the price hits 275?

That was the bottom price in October, the lowest price since the major pump (December 2013). If it goes lower than that, it would be a clear signal that the general down trend continues.
5882  Economy / Economics / Re: Russian Ruble drops 12% in one day. on: December 19, 2014, 11:15:43 AM

My last time in Russia was 4 years ago, and I'm not familiar with Russian politics, so I can't talk about the options. ...

You don't have to be physically present in Russia to understand the situation. All you need is a very basic knowledge of politics/foreign affairs + common sense.

If you think that it's possible to replace Putin's crew with some other option who will make everyone rich, happy and yet maintain Russia as an independent/relevant force - then you must be very young or just very naïve.

There are no 'good guys' in high level politics.
 
You should ask the Russians living on the French Riviera or in London what they think of Putin, it's only the poor uneducated peasants who support him.

You don't make much sense here. How come the masses of poor peasants support Putin? Following your logic, they should be the ones who hate him the most. And yet he has more support that the vast majority of western leaders could ever dreamed of.

Why should I ask Russians from French Riviera or London? How are they better than any other Russians? Are you referring to the rich Russians, related to opposition, who fled their country?

12% in one day? That deflation will surely cause Russia to fall deep into trouble economically. Surprised I haven't heard anything about this on the news.

It was all over the news worldwide, how could you miss that? And think it hit 20% on that day at some point.
5883  Economy / Gambling / Re: [SafeDICE.com] Bitcoin Dice ★ Low 0.5% Edge ★ Referral ★ Fast Cashout ★ Fair on: December 18, 2014, 11:31:37 PM

1 million bets passed!


Well done to "Krostovi4". I was close at 999999.



But why the bets IDs are not in order?
5884  Bitcoin / Bitcoin Discussion / Re: I spent my Bitcoin. on: December 18, 2014, 10:56:38 PM
Better to keep spending and promote Bitcoin then to hold and hope to be rich

I'm not sure this is true...if people held then there would be less for people to buy, pushing up price.  But I understand your point about increasing its popularity by using it.

Then again, if everyone holds and no one's spending, merchants won't bother with accepting BTC, adoption rate will start to drop along with the value.

It's all about finding the right balance.

Best way is to take QA's advise:

Just buy btc to replace what you spent. I bought a lot of presents with btc. With Overstock and Gyft there really is no reason to not use btc for Christmas. Gyft is offering 3% back for Bitcoin purchases right now.

Spend and buy back. With 3% back, it's a good deal.
5885  Economy / Economics / Re: Russian Ruble drops 12% in one day. on: December 18, 2014, 09:14:20 PM

The Ruble is going down due to the sanctions, so obviously it weakens compared with any currency.

What kind of revolution are you hoping for? You want to see their government replaced by "US approved" oligarch? How would that benefit the average Russian?

How does the actual Russian government help the average Russian?
I was in Greece recently, and there were plenty of Russians who were just like me: they hate their country, and they don't want to go back there. That was before the slide of the currency...


You didn't answer my question. What's the alternative? Right now you have 2 options, either:

1) Putin's team - I don't know whether they're doing a good job making the average Russian happy. But their goal is to keep Russia as relevant force, military and economically strong and independent. Otherwise, their power is diminished. And power is what they all are after (US, China, Russia), not "money, yachts, cars and hoes" as some 12-year old would think (these are goals for some small-town mayors).

2) Pro-western option. Likely some of the oligarchs, like a bigger version of Poroshenko (is Khodorkovsky still on the cards?). They will obviously get a great reception from US and EU, there will be a lots of smiles and handshakes. Russians will be fed with slogans that "We're finally moving towards real democracy, freedom, wealth [white doves flying in the background]". But, by the very definition, their role will be to keep Russia weak, irrelevant and dependent.

So which one's best for the average Russian? Do you see any other, realistic option?




5886  Economy / Gambling / Re: FORTUNEJACK.COM | No.1 for Cryptocurrency Gambling | Provably Fair | 1 BTC BONUS on: December 18, 2014, 08:15:27 PM

also, this is the 2nd thread you've commented on me. do i know you? have i done something in the past to piss you off?

Huh? You serious?

What makes you think I'm pissed off? There was no negativity in my replies, was there?

Anyhow, that's what the forums are for, you post, you get replies. Don't want to get replies - don't post on the forum. Simple.
5887  Economy / Gambling / Re: [SafeDICE.com] Bitcoin Dice ★ Low 0.5% Edge ★ Referral ★ Fast Cashout ★ Fair on: December 17, 2014, 10:27:52 PM

He simply separates the stats for different coins. It is good if you want to know the most popular LTC site or Doge site. Smiley

OK. Didn't notice that it's sorted by number of bets, thought it's completely random therefore didn't make sense...

Anyway, it still looks very chaotic. I prefer NLNico's site when you can sort the list by currency or by other factors:

http://dicesites.com/
5888  Economy / Economics / Re: Do you think Bitcoin ATM's will become the norm? on: December 17, 2014, 05:15:15 PM
No, because BTC will not be mainstream.

If bitcoin was mainstream, the ATMs would be a bit pointless.


yes but, there will be new tech for sure in the future

If the general trend of moving away from physical cash continues, any kind of ATMs will be a thing of the past. In a near future you'll be able to do anything on the smartphone (or other device it those too get replaced).

Edit:

@OP, there's an error in the poll: "Yes, one they day there will be BTC ATM's everywhere"
5889  Economy / Gambling / [SafeDICE.com] Bitcoin Dice ★ Low 0.5% Edge ★ Referral ★ Fast Cashout ★ Fair on: December 17, 2014, 04:54:40 PM
congrats guys, you moved up to #44 now in the rankings


http://cryptobettingindex.com/


This ranking is pretty weird. Same sites are listed on multiple, random positions just because they accept multiple currencies.

But it's good to see SD listed anywhere. Good start.
5890  Economy / Gambling / Re: FORTUNEJACK.COM | No.1 for Cryptocurrency Gambling | Provably Fair | 1 BTC BONUS on: December 17, 2014, 03:45:26 PM

NOW IM PISSED

playing dice. i click over/under buter every -6 rolls. i went down to far and clicked autoroll by mistake. the bet was at 0.04

of course having 0.12 left i would nt turn on autoroll

now im out almost 0.1

Ouch. Similar thing happened to me in an early days of FJ.

I wish I had you on my referral list  Wink

Pretty ugly losing streak btw.

One thing looks a bit funny. Why did you place 10 sat bet immediately after (within 1 second, bet No: ...7748), that's rather unusual reaction to accidental loss.
5891  Bitcoin / Bitcoin Discussion / Re: New James Bond leaked script talks about Bitcoin on: December 17, 2014, 02:14:52 PM


Bond: Do you expect me to talk?
Villain: No Mr Bond I expect you to mine!

Lol, the story is slowly shaping up.

Anyone interested in sponsoring Bitcoin's own version of JB? Starring Brock Pierce (JB) and Mark Karpeless (supervillain)?
5892  Bitcoin / Bitcoin Discussion / Re: Making bitcoin convenient on: December 17, 2014, 01:40:33 PM
Is there a concept or startup out there anywhere offering credit based bitcoin purchasing? The credit could be prepaid funds, or verified deposits, or verified funds available, or just based on credit ratings similar to what credit card companies use today.

Point of sale payment would still be a funds push like any other bitcoin payment, but you would have access to funds for reasonably large purchases without having to carry those funds on your phone, tablet, computer, etc. Then, later you just settle up, much like paying off your credit card bill every month. This approach negates the fraud risk of credit cards, while retaining their convenience.
The problem is bitcoins payments are not reversible. If your account in some credit organisation hacked, you loose all your funds and your credit limit. The idea of bitcoin is you and only you control your funds. Use encrypted phone hot wallet with a small amount for everyday payments.

Transaction with physical cash are also irreversible.
It is perfectly possible to build a service on top of bitcoin that would act in a way CC companies do (as OP wishes). But it would involve trust in the 3rd party, so I don't know whether there is enough demand for such services.


You're onto something here dude. I'd say venture out and put something together - make a company. I Really think making BTC easy is an important key to broader acceptance. The number one problem I run into speaking about bitcoin to people is: "So how do I buy some?" "Go to Circle and fill out the info." "Oh that's too hard."

Agree, but how CC company operating with BTC would be a solution to the problem? You would need to provide far more info than with Circle.

5893  Bitcoin / Bitcoin Discussion / Re: Making bitcoin convenient on: December 17, 2014, 11:29:50 AM
Credit Cards (not debit cards) offer you the convenience to buy things you cannot really afford at that moment. It's nothing more than an instant loan.

If you're talking about convenience of paying, there are already bitcoin debit cards, such as Xapo and others.

Being like cash is one of the main benefits of bitcoin. You can truly own your coins, with all the benefits and risks associated with it.

But yes, you can build all kinds of 3rd party financial services on top of bitcoin, including ones like CC, not sure is anything similar already available, as it's not something I'm interested in.
5894  Bitcoin / Bitcoin Discussion / Re: New James Bond leaked script talks about Bitcoin. Is this real? on: December 17, 2014, 10:21:04 AM
I dont own the script but i see this picture in a forum from new James Bond leaked script. Is this real?


Is it real? Nope.

Unless the plot is to prevent 51% attack attempt by some supervillain. But it's as likely as James Bond performing 51% attack to destroy the evil Bitcoin.
5895  Bitcoin / Bitcoin Discussion / Re: China again ...This time they did not ban bitcoin !!! on: December 17, 2014, 09:46:43 AM
Do not get too excited. That is just a personal view of a former bank governor. 

Oops... how do u know ? R u from China ?

Very beginning of the article you linked:

Quote
A former vice-governor of China's central bank, Wu Xiaoling, has said...

http://www.coindesk.com/chinese-official-bitcoin-can-co-exist-fiat-currencies/

But then again:

Quote
Wu, who is currently a member of National People's Congress Standing Committee and a vice-chairperson of the Financial and Economic Affairs Committee...

So he's not totally irrelevant
5896  Economy / Service Discussion / Re: Anybody here uses Shift or Xapo debit card? on: December 17, 2014, 09:35:29 AM

Yes because I don't live in a country where they support the currency. Otherwise it's free.

Do I get this right, they only charge you a fee for CAD to USD conversion?
Are you sure there are no other fees/monthly service charge? How do they make a profit then?

Have they provided any updated fee structure?
5897  Economy / Service Discussion / Re: Issue with shapeshift.io on: December 17, 2014, 07:39:32 AM
Yea i would not have ever trusted that site . Sorry its just me, But a no name, low volume exchange?? why are you even using them? Not that the big named ones are any less likely to take your coins and run, I was just curious.

Shapshift is an instant exchange, which doesn't require you to register etc. It's quite new but already well-known and quite popular, definitely not a "no name" as you put it.
5898  Bitcoin / Bitcoin Discussion / Re: Wikipedia on: December 17, 2014, 07:33:47 AM
...
I know that they are accepting it if you do some research BUT why hiding it ??
...

Why? Likely for the same reasons Mozilla removed bitcoin donation button. It distracted page viewers resulting in less donations.

https://fundraising.mozilla.org/bitcoin-donations-to-mozilla-17-days-in/

Quote
We received numerous requests from donors that they wanted bitcoin featured right on our primary donation form. Given the volume of page views to that form (millions during the life of the campaign), I was concerned that adding any unnecessary text would distract donors and depress non-bitcoin conversions, the source of more than 99% of all our campaign revenue. So we decided to add “Donate with Bitcoin” text, and test whether it depressed conversion or not. Here is what that looked like: [...]

The test showed that revenue per visitor drops by about $0.07 USD. Here is the Optimizely graph showing a 7.5% reduction in revenue per visitor:[...]
I find it hard to believe that $0.07 is a statistically significant amount. Especially considering that most of the other payment methods involve high fees, so even if overall donations drop, the amount received by modzilla (or wikipedia) could potentially increase

It's all explained, just click the link.

Quote
Seven cents doesn't sound like much. However, at scale, it adds up. Our donation form will get roughly two million more visitors before the campaign concludes on December 31st — which means adding “Donate with Bitcoin” would reduce income by about $140,000 – a significant amount.
At this time, bitcoin donations are not high enough to offset that lost revenue. We want to make sure bitcoin donors can find a link to give bitcoin, but this test suggests our primary donation form isn't the optimum location.

So no, lower fees don't help much in this case.


5899  Economy / Gambling / Re: PRCDice.eu - Largest Dice invest site - Open since 2013! Chat, Play, Invest! on: December 16, 2014, 09:29:16 PM
There's a minimum to invest? I'd like to invest in a dice site and this is the best in ranking after PD

Nope, no minimum at the moment. Think Dean mentioned something about min investment when v 2.0 is released.

5900  Bitcoin / Bitcoin Discussion / Re: Bitcoin on CBS news this morning on: December 16, 2014, 05:25:47 PM
I think it relates to the phrase starting with "what is...":

Quote
Top Trending "What is...?" Questions (US):

What is Ebola?
 What is ALS?
 What is ISIS?
 What is Bitcoin?


Most popular search term was.... Robin Williams.

http://www.cnet.com/news/robin-williams-was-the-most-popular-google-search-term-of-2014/
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