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5921  Bitcoin / Bitcoin Discussion / Re: Blockchain growing exponentially? on: December 04, 2013, 01:08:57 PM
I don't get why so many people advice Multibit. I think that Electrum is a lot better.

Mercedes ,Audi ,Bmw ... and you know the rest.
But mostly because of this:

"Get started fast and easy

MultiBit is an app you can download for Windows, Mac and Linux.
Bitcoin Wallet for Android runs on your phone or tablet."
Bitcoin.org site.
5922  Other / Archival / Re: Dox Bounty - 1.5 BTC on: December 04, 2013, 01:04:54 PM
What's a dox?

http://www.urbandictionary.com/define.php?term=dox
Loved the first example:
"Someone dropped Bob's dox and the next day, ten pizzas and three tow trucks showed up at his house."
5923  Economy / Economics / Re: Please Read!! Help Stop This Madness. on: December 04, 2013, 01:03:06 PM
At my grandpa house I don't have phone signal not internet access.
Does that make cell phones useless?

Can you make a phone call from your grandpa's house with a (put any brand name here) cellphone any better than with a (put any other brand name here) cellphone?

Only if I also drive 5 km uphill.
Also , I guess you got my point.
There are places where bitcoin can be used in shops and restaurants and places where no. Altcoins have no such places.

I got your point. But you don't want to get mine.

Right now I'd have to drive a few hours to find a place that accepts bitcoins. It could be a bit easier to spend bitcoins it if you're in a big city, but still you'd have to do some searching for such a restaurant for example.
Same on Internet, Paypal is the king right now, that's a fact, everyone accepts it, bitcoin is accepted by maybe 1% of merchants, maybe even much less. Will Paypal be king in a few years? We shall see.

You see, the bitcoin is paving the way for alt-coins. What took bitcoin 4-5 years to achieve, alt-coins will achieve in 1 year, just because there is already mindset about cryptos and a lot of code written initially for bitcoin, which can be adapted for alt-coins with slight modifications, and it will be adapted. There are many talented, motivated and financially backed programmers who can quickly set up all required framework for other alt-coins once bitcoin really goes mainstream. Whereas for bitcoin the time to receive larger adoption was/is counted in years, for alt-coins it will be months, alt-coins piggy-backing on bitcoin's success. Is that good or bad? It's just the way it will be, we'll have to accept it.

There is no such thing as unanimity, and when you have two persons, you have more than 1 opinion usually, imagine there are millions of people in the internet industry, they simply can't all agree on 1 and only payment system, it's utopia. Especially since bitcoin network can only service 7 transactions per second for the entire world until they do something to the blockchain.

Well you don't get mine either.
Bitcoin is getting more and more merchants abroad. Altcoins? Litecoin? How many merchants do deal in altcoin?
At one time it will be easier even for you (and me) to use bitcoins in our daily life , wait for it.
Bitcoin is progressing in this way. Alt coins? Never heard of an altcoin doing something like that , premine the stuff , heavy spam on this forum , drive the price up and ...hope it will raise up enough to dump all and get a house and a car.
Most altcoins have no dev team , no true supporters , no plan . nothing.
Bitcoin has been tested with crashs,  small fork , doubt any altcoin will survive this.
5924  Other / Beginners & Help / Re: Alt-Coins on: December 04, 2013, 12:54:57 PM

What if Alt currencies don't disapear?! there are so many that have a real benefit to the Bit coin system.

 A lower Block time is one big positive. plus if Bitcoin does break the 2000 or much higher it will need complimentary currencies so that we aren't all dealing in 0.0000001 to buy a Bigmac. 



What benefit?
No , you can pay one sastoshi or one mBTC for a Bigmac, there a problem?


Most people are not so clued up on millionth decimal points and if Bit coin is meant to be accepted socially then that is clearly an issue for the average joe.

also there are 100's of currencies in the FX markets what makes Bitcoin so special other than a 1st mover advantage?!

Also , most bitcoins clients can switch your balance to mBTC , that can be the next default setting , so it ain't gonna be a problem for the average Joe.
5925  Other / Beginners & Help / Re: Alt-Coins on: December 04, 2013, 12:53:49 PM

What if Alt currencies don't disapear?! there are so many that have a real benefit to the Bit coin system.

 A lower Block time is one big positive. plus if Bitcoin does break the 2000 or much higher it will need complimentary currencies so that we aren't all dealing in 0.0000001 to buy a Bigmac. 



What benefit?
No , you can pay one sastoshi or one mBTC for a Bigmac, there a problem?


Most people are not so clued up on millionth decimal points and if Bit coin is meant to be accepted socially then that is clearly an issue for the average joe.

also there are 100's of currencies in the FX markets what makes Bitcoin so special other than a 1st mover advantage?!

Because you can buy a pizza , a sandwich , groceries even a car or a flat with bitcoins.
WitH quaks,macks,ducks,giga,mega,slumcoin you can... trade them for BTC , LOOOOOOL.
5926  Other / Politics & Society / Re: China's Central Bank says: No Longer in China’s Interest to Increase Reserves on: December 04, 2013, 12:50:32 PM
The reason other countries' currencies are low is because they are being continuously devalued or countries hardly produce anything and trade it, it's fraud, plain and simple, why should China just keep letting itself get conned out of it's exports for nothing? That's all that's happening here, sure they could lower the price but they'd have to make sure that they were actually getting something in return.

Also, paper being debt is a fact and not something you can just brush off whenever you debate currencies/economics.

That's not the problem! You're saying the opposite.
China is keeping the yuan undervalued so their products could be sold cheaper. They don't want to lower the price of their currency.
5927  Other / Beginners & Help / Re: Purchasing coins via Moneybookers/PayPal/Credit Card on: December 04, 2013, 12:43:58 PM
I think Coin.Mx may have found a way to mitigate credit card charge backs. I've had success with them twice, and I just signed up last night.

See my quick review here



Sounds like you're more the admin than the user of that website.
5928  Other / Beginners & Help / Re: Block erupters absolutely waste of money now? on: December 04, 2013, 12:42:22 PM
There's people renting a block erupter mining for just a week on ebay, and the average auction price is around $20
Crazy

Well , I can sell you 1 satoshi for 20$. I'm not the crazy one. The crazy one is the person that would pay such an amount.
And there are both stupid and crazy people on ebay.
5929  Economy / Economics / Re: Please Read!! Help Stop This Madness. on: December 04, 2013, 12:40:42 PM
At my grandpa house I don't have phone signal not internet access.
Does that make cell phones useless?

Can you make a phone call from your grandpa's house with a (put any brand name here) cellphone any better than with a (put any other brand name here) cellphone?

Only if I also drive 5 km uphill.
Also , I guess you got my point.
There are places where bitcoin can be used in shops and restaurants and places where no. Altcoins have no such places.
5930  Other / Politics & Society / Re: China's Central Bank says: No Longer in China’s Interest to Increase Reserves on: December 04, 2013, 12:37:49 PM
They're getting fuck all in return for those exports, paper money is debt, so all those western countries who are 'helping' China grow are really just in a parasitic relationship, it's the equivalent of someone staying in your house, eating your food and sleeping in your bed forcing you to work for longer hours and then having the balls to tell you that they're giving you extra employment by making you work longer for them. The only difference is this is happening with entire countries.

The same thing is happening with other resource/production based countries in Europe as well, Germany, Norway etc. are feeding the habits of all the other countries like Italy, Greece and Spain who don't produce anything or trade things in equal value.

The thing is that without their low price yuan they won't be exporting anything and getting anything in return.
I'm not going to get into a paper money debt debate with you. Just the facts. Valued currency bad for exports good for imports. China needs the opposite.
5931  Economy / Service Discussion / Re: LocalBitcoins.com - Unfair dispute handling on: December 04, 2013, 12:32:35 PM
Gomerlin is continuing to make up stories about hackers accessing his account on LocalBitcoins.com, indirectly threatening me. The stories he is coming up with are ridiculous and don't make any sense, he is just trying to make it look like he had nothing to do with the person who came to my house. 

Quote from: gomerlin via localbitcoins.com
Dear Christina,
I hope you can read this and not share it with anyone. I know you are still posting about what happen to you and I totally understand you; but please be careful. I don't want anything bad happen to you because it will reflect in me. I just notice there was a "Guy" called "Garizzle" that replied to your post. I have serious suspicious this guy is the hacker. He contacted me to my personal email, that only the hacker could have access to. also he threaten me and asked me for one bitcoin and he will forget about the whole deal. the same as He wrotes to you when he hacked in my account. Please Christina, He might be trying to become your friend to harm you, remember that he had access to my account and he knows where you live and he speaks German. Now in this post you just informed him that you live alone. please find yourself a companion he obviously is a dangerous person.
With all my empathy
Juan Carlos
----




This is getting ridiculous.
5932  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 04, 2013, 12:30:22 PM
I think it's time to switch to uBTC  Grin

Lets wait a year and switch directly to satoshi.
5933  Economy / Economics / Re: Please Read!! Help Stop This Madness. on: December 04, 2013, 12:29:04 PM
What you see is potential value , but that is just a dream. Alt coins price is now driven by the media madness around bitcoin and people who can't get into bitcoin mining and turn to alts hoping to get rich. Alt coins have no use right now , you can't do anything with them , just trade them to BTC.

Equally true for bitcoin.
Right now where I am I can't do nothing with bitcoin in real life, except trade it online and hope it grows more, just like alt-coins. If there are some places on the internet that I can spend it on, it'd actually be cheaper for me right now to just pay by paypal. Until bitcoin is accepted to buy groceries, its potential value is not realized, it's all just a dream, a dream that cryptos can grow more and be widely adopted and used to buy things in real life. So no difference with alt-coins here.

At my grandpa house I don't have phone signal not internet access.
Does that make cell phones useless?
5934  Other / Beginners & Help / Re: Alt-Coins on: December 04, 2013, 12:24:44 PM

What if Alt currencies don't disapear?! there are so many that have a real benefit to the Bit coin system.

 A lower Block time is one big positive. plus if Bitcoin does break the 2000 or much higher it will need complimentary currencies so that we aren't all dealing in 0.0000001 to buy a Bigmac. 



What benefit?
No , you can pay one sastoshi or one mBTC for a Bigmac, there a problem?
5935  Bitcoin / Bitcoin Discussion / Re: Blockchain growing exponentially? on: December 04, 2013, 12:19:56 PM
I'm curious about the differences , 14-15 even 21 gb?
Whats could be the reason for that?
Mine it's at about 14 , but not updated for about one week.
5936  Economy / Speculation / Re: $2,000 on: December 04, 2013, 12:16:55 PM
It'll jump way past it to 3000 sometime within the next couple months and then fall back down to a bit above 2000 a couple days later. Then it'll either stay or crash way down.

No chance to go back again after that?
LOOOL:)
5937  Other / Archival / Re: 1.5 BTC Bounty on: December 04, 2013, 12:15:50 PM
Good luck with this, may I ask why you need his passwords?

To all those who are curious this is literally the story of The Count of Monte Cristo.  He has a large online presence and I wish to utterly destroy his reputation.

Hmm , I really don't think that this kind of thread should be allowed here.
5938  Other / Beginners & Help / Re: Purchasing coins via Moneybookers/PayPal/Credit Card on: December 04, 2013, 12:14:36 PM
Generally crypto currency exchanges do not support PayPal or Credit Cards or any other payment method that is reversible, because the risk is detrimental to their business model. Simply because by design all BitCoin transactions are irreversible and there is no way for them to get their money back.

If you do find an Exchange that supports these payment methods it is likely that they will have significantly higher transaction fees.

Well , the main reasons is that there are lots of scammers that take advantage of those company policies.
If there weren't people who only thought about those schemes there won't be any problem.
5939  Other / Beginners & Help / Re: Purchasing coins via Moneybookers/PayPal/Credit Card on: December 04, 2013, 12:10:03 PM
Yeah I'm having trouble here. How can I buy an sell coins and the worst thing is it seems like none of these places will sen money to me. Like u can't cash out of mt gox.  Just seems so shady what's the problem why can't anyone open a reputable exchange where u can actually get fiat money out?

Bitstamp.
5940  Bitcoin / Legal / Re: My buddy is getting a divorce. Can the court seize half of his bitcoins? on: December 04, 2013, 12:08:25 PM
It's just like DPR. He would get all of his BTC confiscated, but he probably has a brainwallet. He can claim he lost it all on SatoshiDice or say he got it stolen  Wink but we know that's not true and we can't do anything about it. He probably has all his fortune in cold storage. Your friend should do the same!

Tl;dr: Brainwallet > Cold storage > don't talk about BTC. It's that easy.

Well , I don't know how that goes but if he denies in court that he has any other bitcoins(valuables) in his possession and after he is released he gets caught using them , well , isn't he going back to court for another round?
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