I have noticed this too actually. I mean, how long did it take for the security chips to make it on the credit/debit cards and for stores to actually accept them? It took the longest time ever. And not only that but people where bitching the whole time too because it was a minor inconvenience to be told that you have to insert the chip rather than swipe. Things are always slower in terms of progress here in the good ole US.  It's a total disgrace. And when you realise how pathetic bank transfers there are and how much ATM use costs you also realise that BTC serves a useful purpose that simply isn't called for in Europe. In the EU there's masses and masses of innovation when it comes to banking. It's getting faster and more convenient all the time. It's still built on the same old crud of course but at least they attempt to be convenient. I understand the point and benefits of helping people bank in a more convenient way, but not only that but using Bitcoin would be way more secure than a bank if you are thinking about it in both being a retailer being paid in Bitcoin or just someone sending money across the pond... not to mention much cheaper. I think the banks have already gotten the hint that Bitcoin is the way to go, hell... they are already putting in tons of money for their own "blockchain research". It'll be soon when they have to realize that they have to rely on the sheer numbers of hash power that Bitcoin has in order to transact in a secure way. |
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Is that in the US?
I've noticed that American banking is stuck somewhere in the 19th century compared to Europe where everything is fresh, shiny and often free.
Or it could be anywhere else other than the EU. We're rather lucky with all the tech tossers throwing new types of banking at us all the time.
I have noticed this too actually. I mean, how long did it take for the security chips to make it on the credit/debit cards and for stores to actually accept them? It took the longest time ever. And not only that but people where bitching the whole time too because it was a minor inconvenience to be told that you have to insert the chip rather than swipe. Things are always slower in terms of progress here in the good ole US. |
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Yeah man that sucks... but at the same time did you really expect that you had found this magical gold mine of "guaranteed" 2X on your BTC without any explanation as to asking how the hell exactly that was supposed to happen?
It's a tough lesson, but taking personal responsibility for your belongings and other currency/assets is a good one to learn. I wonder what you would do if someone came up to you and say "Hey if you give me your $20 bill, I will give you a $100 bill back". I would hope you would just walk away quickly...
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Bitcointalk username: chennanRank: Legendary Current post count: 1842 (plus this one) Bitcoin address: 37gxYKTgSaXUAfBaHQ3fb9T37HUAxqJrw8 |
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Just an FYI to you guys, Bitcoin is pretty known to not be as anonymous as you think. It's pseudonymous, and if you buy through exchanges that are KYC compliant (ex: Coinbase), then those coins are now officially tied to your name/bank account, no matter if you send it to someone else, another wallet you have, or mix them.
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Username/UID: chennanBitcointalk Rank: Legendary Current number of posts: 1841 (including this one) Bitcoin Address to send the payment: 37gxYKTgSaXUAfBaHQ3fb9T37HUAxqJrw8 Would like to join if you still have some room, going to be more active on the forums now and figured I needed to join up with another campaign to help be proactive while procrastinating.  |
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Mind sharing what kind of a hardware wallet that is? It looks really interesting, but I have a feeling it's also really expensive... It's really not that expensive, nano S is around $94 + probably shipping & handling. In terms of having a piece of mind that all of your coins are decently secure and not having to worry about key loggers, etc; that's actually a really good price point. https://www.ledgerwallet.com/products/ledger-nano-s |
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Many people say that you should work hard if you want to succeed in life and rise to riches. I'd rather say that working hard will only make your boss richer, not yourself. On the other hand, there is an age-old adage which says that you should be working smarter, not harder. But working smarter is a vague idea, and I'm interested to hear what people have to say on this topic. As far as I'm concerned, I think that working smart comes down to creating environment where you will have more chances to meet Lady Luck smiling at you, where you will be able to hit a lucky strike because luck plays an ever-important role in our lives. For example, if you want to find a date to have a romantic relationship with or you are looking for a one-night stand only, you will go to a beach or a bar since your chances are higher there, right? The same approach seems to be applicable to work as well. In other words, stick around the places where your chances of success are the highest.
So share your opinions here, guys. What is your practical take on working smart?
You have a point man. Actually I have been hearing this sort of argument even when I was still a child. My father will always tell us to work smart, and make money out of money. And when I grow up, I did work hard, but I later realized that I don't want to be worker that long. I need something to help me became financial stable in the future. So I decided to quit my job, put my offline business. Although I still need to wake up early and oversee everything, I did enjoy what I'm doing and the best thing, I'm the boss. LOL. But there's some kind of element in luck as well. I don't know but I felt that I'm just lucky because suddenly I gain financial freedom and then when I discovered bitcoin, it give me another leeway, more funds for me to channel to my business. So I say that you have to make the right decision + element of luck = success in your life. You have to be in the right place at the right time. I think you can see those type of similarities in any "evolutionary-like" system that promotes winners and unfortunately makes it tougher for losers. Capitalism tends to favor and reward people who work hard, but you have to at least acknowledge that certain people have a substantial head start in life compared to others, which makes it almost impossible for others (off spring of 'loser' families) to do anything but "work hard" and are simply too tired to find clever ways to "work smart" instead. That's why you see trends over family generations of people staying in the same socio-economic class. Rich people tend to stay rich and vice-versa... sure. But there is also those rare outliers of people who work their way up in life by figuring out that balance of getting lucky while rigorously working in a much more smarter way. |
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So I've been recently having some more free time from work to browse more on here, so I figured I might as well monetize it since I think Coinroll's sig campaign is officially down now I think. I'll go ahead and change my signature and avatar shortly. Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profileCurrent Amount of Posts (Including this one): 1838 BTC address for payouts: 37gxYKTgSaXUAfBaHQ3fb9T37HUAxqJrw8 ERC-20 Compatible ETH address for payouts: 0x92407bf7b5F6768ea9bbfd4D122CAf04333c221d |
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Are these beauties loaded ?
Yes these are, you can tell by the coins not having the " BTCuyer funded" laser engraving on the back side of the coin. They are beauts though... good luck on the sale! |
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I'm not so sure about this since I'm not really quite well educated about 2011 Casascius coins vs. others... but it seems to me that there were still quite a bit of 2011 V2 coins out there and isn't like... anything that particularly special about it? No? https://casascius.uberbills.com/?page=charts&year=2011 |
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You have to look at your question in a somewhat responsible manner. Sure, you can go all YOLO and put your life savings in Eth and Btc; but I think you have to take the time to do some critical thinking on if that's a good idea or not. Eth might be highly priced in the long run down the road a couple years, but is it really that sustainable? I personally don't think so, but the primary reason for that is 90% of what's being run on Ethereum's "world computer" platform is ICO, which 99% of them are just pure, unadulterated scams.
Ethereum in my mind is like a house of cards right now that in theory is made up of pretty decent code that has potential to be "revolutionary" in a sense of giving platform of dApps to prosper... but the foundation of those stack of cards giving Ethereum any real foundation in terms of price comes from ICO's... which I don't see being able to be stable for that long.
I might be completely wrong in that it will go down in price at some near sighted time frame... There has been a lot of dumb money in play with cryptos recently.
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The hilarious thing about comparing it to fiat though, is that in the case with the US dollar, the value of the dollar is based on trust in the state which is: - Ensured by the government, whom we can't even trust to run efficiently with our tax money (i.e: causing shut downs over petty politics)
- Protected by the military, who wastes so much effort, time, money and resources on government "contractors", which is a shit show in itself. Seriously though... if you are interested in listening to a 1hr+ podcast on the topic I recommend listening to this one from Congressional Dish.
- Purchase power of the dollar comes directly from our involvement in making sure that our currency is the currency all other currencies have to use in order to purchase oil, gas, etc (a.k.a. the "petro dollar") ... This is makes it funny just based on the amount of pollution that comes from carbon fuels.
fiat is the root of all evil in mind, and always will be until I'm proven wrong. No one is disagreeing with what you say here, but it also has nothing to do with this thread! Bitcoin is a massive waste of energy. All comparisons are unfair, as nothing else runs purposely so inefficiently. Bitcoin could be run on a laptop, instead it uses as much energy as a country. I highlighted what I was initially trying to get at in terms of comparing fiat and Bitcoin and which one "wastes more energy". Yeah, if you are looking at the numbers at face value, you can argue Bitcoin "wastes" more energy, I guess, in terms of how much hash power is securing the network. You could also argue it doesn't take tetra watts upon tetra watts to print dollar bills, and that in it's self should be a good enough reason to confirm that fiat is the better way to go in terms of not "wasting energy" and therefor harming the environment, wasting resources, etc. But if you see below what's at face value, and you see just how the dollar still has the ability to maintain any purchasing power whatsoever, you could see how there needs to be wayyyyyy more resources, effort, *energy expenditure*, etc. to make sure that 'country Xs' fiat money has purchasing power behind it on a global scale. Easiest one to compare in that regard is how the US maintains purchasing power, not because the global economy believes in the US economy; but it's more due to military strength and making sure the global economy basically runs on the USD in terms of purchasing oil, natural gases and the like. |
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The U.S. stock market has been performing very well. At the same time, cryptocurrencies have been all over the place. I personally feel there is more risk right now with cryptos. I have been debating withdrawing some crypto and putting it in my stock portfolio. I understand the stock market can crash just as quickly and just as hard as the crypto markets, but I have tried to diversify to avoid substantial losses in either case. I am also looking at other places where I can invest.
I would like to get some opinions from others about this. These are some of the specific questions I have.
For those hodling cryptocurrencies, do you also have anything invested in stock? If so, how much do you have in stock vs. crypto as a percentage?
Do you participate in forex trading?
Do you own gold or other precious metals?
I feel the best way to invest in any circumstance is to diversify as much as possible, and don't worry about keeping a certain percentage to keep you confident in your portfolio. If you think there is more short term (6-12 months) potential for growth in anything, whether that is stocks, crypto, PMs, real estate, etc; then invest in those things. If you are hesitant and not so sure of what cryptocurrencies will do and don't feel so confident in investing, then hold what you currently have and I would not recommend not cashing out to put more in your stock portfolio. Just keep working and stash away as much value in other assets you feel more confident in... you should be fine that way in the long run. |
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The hilarious thing about comparing it to fiat though, is that in the case with the US dollar, the value of the dollar is based on trust in the state which is: - Ensured by the government, whom we can't even trust to run efficiently with our tax money (i.e: causing shut downs over petty politics)
- Protected by the military, who wastes so much effort, time, money and resources on government "contractors", which is a shit show in itself. Seriously though... if you are interested in listening to a 1hr+ podcast on the topic I recommend listening to this one from Congressional Dish.
- Purchase power of the dollar comes directly from our involvement in making sure that our currency is the currency all other currencies have to use in order to purchase oil, gas, etc (a.k.a. the "petro dollar") ... This is makes it funny just based on the amount of pollution that comes from carbon fuels.
fiat is the root of all evil in mind, and always will be until I'm proven wrong. |
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I will take the last F spot. I will update soon with a transaction ID, my daemon is still syncing from a long time of not running my computer Edit: Tx ID:
7347fa4387bfcd0762ddbc7130058e0eee6a5f6796a9ae18bf131030867d2470
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There is almost no doubt that Monero's price will increase. Of course not investment advice. But I believe that XMR is a strong project. I think it was a project that could be invested much earlier.
I don't think that's a likely scenario. The MoneroV fork will break Monero's single selling point, solid privacy. If it can no longer offer that, its value vaporizes into thin air. You know, it's funny how you think that this is just Monero's problem. This is going to be a problem for any cryptocurrency. Monero is by far the most private/fungible cryptocurrency so far with the most investment in research. They are advancing the fundamentals of their code, with proficient people in academia who can look through the code at Monero Research Lab... so lets just say that Monero is representing cryptocurrencies in general (or better yet, what they should be doing... obfuscating the transfer and store of wealth in a fungible P2P manner. If this is something that devs and MRL can't figure out how to handle (which I don't think will be the case); then this is a sad situation for everyone who believes in the value of cryptocurrencies in general. |
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Yes , many rich people know the bitcoin and they continue to enrich .They maintain their wealth to further increase their power, and Bitcoin is also the way to hide their resources to avoid the taxes they must pay . Thats why many billionaires are invest in Bitcoin , they are many rich people use their bitcoin earnings well through the raise fund for children that need of care . Cameron and Tyler Winklevoss are the examples of billionaires that invest in BITCOIN.
You can't just say that Billionaires would buy up bitcoins in order to "hide" their resources and avoid taxes that way. You can literally look up the balance of any wallet, and I would just assume any wealthy person won't go through the trouble in figuring out how to transact/buy/etc. anonymously, especially going through online exchanges like Coinbase or whatever... If they are tech savvy, sure... but idk about them using Bitcoin to hide their wealth in an "Swiss account" type of way. |
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Can we all please accept the fact that if you are going to be interested in a cryptocurrency, which the main function of it is to be peer to peer and decentralized; that it is pretty much a given that governments will not be for it. Also, can we all please accept that you shouldn't give a shit?.
Cryptocurrencies are the way for normal everyday people to resist the current monetary system and can be able to pay digitally without being bent over however Master Card, AMEX, etc. wants to bend you over.
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