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61  Economy / Micro Earnings / Re: Please add your Faucet on: November 15, 2015, 03:27:12 AM
Please add my Faucet you new site.

New payout 1000, 2000 and 5000 satoshis every 120 minutes.

New Referral comm. 40%

thank you!

Really? Sounds like a banger of a faucet, where can I find this and why haven't you posted a link? That's gotta be one of the worst things about faucet admins - they never post their links!
62  Economy / Speculation / Re: Bitcoin at ATH. Reached 2200 USD on Gemini !!! on: November 15, 2015, 03:25:45 AM
Gemini has rolled back the trades now. There's no point putting ridiculously high sell orders on Gemini if it's going to roll back the trades every time one gets filled. I'd be annoyed if I sold at $2000, then got told they've reversed it. I remember a flash crash on Btc-e that didn't get rolled back even if it was caused by a fat finger.


So confused, what is Gemini and who actually purchased the BTC for that price? That's a really ATH. What the hell, when was the Reddit post??
63  Economy / Economics / Re: Bitcoin buget on: November 11, 2015, 11:04:33 PM
$311 is a good time to buy in at to be honest, it's been floating around this mark (give or take $50) for the past years.

$225 seems to be the minimum support price, I haven't seen things drop below that for a good while. I forget which analyst posted that, Max Keiser maybe. I like the stability (medium term) of Bitcoin.
64  Economy / Economics / Re: sell and buy-help on: November 11, 2015, 10:35:56 PM
Paypal's reversible nature doesn't suit Bitcoin, which is an anonymous currency. You could sell BTC to someone and then lose the money when they cancel their Paypal - or their PP is associated with some dodgy/fraudulent activity.

Find a good small exchange and stick to it!
65  Economy / Economics / Re: Bitcoin halving to be canceled? on: November 11, 2015, 09:18:19 PM
The problem will solve itself. The reward over time is only as low as many miners take part in the mining game. Lower the reward and many miners will switch off their unprofitable miners. Which means the remaining rewards will be split through the remaining miners, which means they will earn more.

I don't particularly disagree with the said. In fact, I already mentioned something to that tune somewhere in the thread earlier. There are two major issues with this, though. First, this problem is apparently the flaw in design (an arbitrarily set number), at least, the way it is set up to work (if anyone begs to differ, think about how non-optimal (or, better, disruptive) the halving is/will be). Second, the disrupture in Bitcoin operation may be fatal to it, meaning it may never fully recover from this halving...

I don't see why this halving should be different. I mean even when 50 or 70% of all miners are switched off then, it doesn't matter at all since the remaining miners will earn more because they don't need to share. I think because of that no problem can arise.

I don't know how the matters stand at the moment, but in August there was a transactional glut, i.e. there were a few thousand unconfirmed transactions that didn't get confirmed in time (up to 50,000, if I'm not mistaken). I got caught too, my ~1 BTC transaction hadn't been confirmed for 2 days. I guess it was a deliberate effort by miners to stimulate the price, since I saw a lot of new blocks with only the miner's TX in them...

Therefore, it is hard to predict what the miners can be up to

The Chinese have a fairly good idea where miners are going, and what they are doing - they make them and have the biggest mining operations in the world. I'd say the Russians are in on this, 100%.
66  Economy / Economics / Re: I'm dying while waiting bank transfer... on: November 11, 2015, 09:17:21 PM
I'm waiting the 5 days requested by the bank to transfer money on coinbase to do exchange.

If i had money now, i'll buy at once... i'm dying i think in monday price will go higher than 350€ again....

F***** bank! And them time to do silly operation!!!!

I hate Coinbase. It costs a bomb to do wire withdrawals and the service is pretty much non existent. I use smaller exchanges where I can actually communicate with the owners and know the status of my transactions/issues within a short time. Coinbase is too big a fish to offer this sort of service. A shame.

Xapo may be better given its debit card, there's fees there though.
67  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [INFX] Influxcoin 1.2.0.0 | New Payment Processor API Public on: November 11, 2015, 09:13:16 PM
yesterday, I thought this would dump, but I was wrong.
dev is very good, have passion and it show, plus he's non-anon.
I agree, total current coinage justify at least a minimum of 10k sat, easily., maybe even 20k ++.


Well INFX is here for the long term. I know we are still new in the market but our passion is real.

What's a good exchange to get INFX from? I'm interested to see the development of new currencies, but market stability is something that many of them lack at the moment. The lack of a transparent crypto market makes things so difficult to weigh up when deciding which currency to try out.

I would be interested to see where things go over the next year.
68  Bitcoin / Press / [2015-11-11] Bitcoin’s place in the long history of pyramid schemes - FT.com on: November 11, 2015, 07:06:13 AM
Quote
Gregor MacGregor returned to Britain in 1821 an exotic war hero, a self-styled Cazique (or prince) of Poyais. His stories of this democratic and fertile Latin American land prompted investors to snap up land certificates and £200,000 in Poyaisian sovereign bonds.

MacGregor had fashioned a tale to fit the obsessions of the age - democracy and settlement - and a vogue for exotic investments. He was acquitted, in an early example of failure to prosecute complex fraud, and lesser scam artists imitated his hoax.

It is a tradition that runs from the mania for Dutch tulip bulbs in the 17th century through the stamp scheme of Charles Ponzi in the 1920s. The latest incarnation is MMM, a "social financial network" powered by YouTube and the cryptocurrency bitcoin and run by Sergey Mavrodi, a former Russian parliamentarian and convicted fraudster.

Would-be members of MMM purchase bitcoins and receive a bonus for online testimonials describing their improbable profits. The fad contributed to an explosion in the bitcoin exchange rate, from less than $US200 in September to more than $US500 last week.

The question is whether this marks a resurgence for the cryptocurrency, or merely represents its turn in the long parade of get-rich-quick schemes.

Bitcoin was invented by an anonymous mathematician in 2008, and in the years that followed was championed for its technology. At a time when many were unsettled by the actions of central banks after the financial crisis, bitcoin offered a way to manage a currency through mathematical rules rather than a metaphorical printing press.

It also fit the vogue for technological innovation. With small start-ups earning multibillion-dollar valuations, anyone with a good idea and a neat bit of software could make a fortune.  

Bitcoins are created by computers solving mathematical problems, and the total number that can be calculated into existence over time is limited. An open ledger allows the distribution of coins to be tracked.

As bitcoin attracted more attention, its price rose, attracting more money and attention. Early adopters got rich quick, or bemoaned how they would have done if they had not lost their hoard on a discarded hard drive.

By December 2013 bitcoins traded for more than $US1,200 each. In 2014 the cryptocurrency lost three-quarters of its value after running into an old-world problem - the failure of an overextended broker.

Mt Gox, a prominent exchange, collapsed. Then the seizure of the Silk Road website prompted a crash in the price to almost $US100.

Such big swings undermine the case for bitcoin's use as a currency. "When a currency has a variable value, the people just switch to a different currency, or just switch to barter," says Eugene Fama, a Nobel Prize winning economist, citing Zimbabwe as an example. "[Bitcoin's] value is so volatile it's not likely to serve as a medium of exchange."

Bitcoin lacks another feature of currencies: the balance sheet of a central bank. A balance sheet has two sides, assets and liabilities. In contrast the bitcoin ledger is a glorified list of liabilities.

Furthermore there are imitators, including Dogecoin, started as joke in 2013 at the height of alt-coin fever. Before Mr Mavrodi switched to bitcoins, MMM was operating with mavros as the unit of exchange. The flaw of pyramid schemes is that they must suck in new converts to avoid collapse, and exponential growth is impossible to sustain. Bitcoin requires constant evangelism because its value derives from its use. The limited supply becomes a fatal constraint. The more people use bitcoin, the further the price must rise, dissuading its use as a currency.

Bobby Lee, head of BTCC, the largest bitcoin exchange in China, say its use for everyday transactions does make it a currency, and is frank about its price. "The reason bitcoin has value today is scarcity - that is all."

He agrees that bitcoin has characteristics of a pyramid scheme, but compares it to bubbles in housing markets. "It all comes down to what we think of a pyramid scheme. Is that a good thing or a bad thing?"

http://www.afr.com/news/world/bitcoins-liabilities-exposed-by-pyramid-effect-20151110-gkvwkm
69  Other / Politics & Society / Re: Robert De Niro revealed he may consider applying for Russian citizenship on: November 10, 2015, 10:02:09 PM
Good for him, but is he trying to detract from his failed Hollywood career? Russia is as cold and miserable as New York.

Al Pacino is moving to China, by the way guize. Wink
70  Bitcoin / Bitcoin Technical Support / Re: Storing a blockchain in SQL database? on: November 10, 2015, 05:16:11 PM
That's gonna take a massive amount of storage space, are you sure that's the most efficient way to store it? SQL DBs are huge and pretty unwieldy.

I think the suggestion about RPC and using nodes is more on the money. You'll find some devs who can help you out here I'm sure.
71  Economy / Auctions / Re: PROFIT BOT v1.05 on: November 10, 2015, 03:14:46 PM
If anyone really thinks that there is some sort of autopilot bot that allows you to put in some variables and win much satoshi, you're demented.

These sort of bots do nothing but add referral income to the coder and possibly win some lucky people a bit of money. I've seen these sort of bots everywhere and none of them work in the way you'd expect them to given the OP's claims. It's rubbish. If he was winning big he wouldn't be selling bots and scripts.

Just leave the junk out dude.
72  Economy / Auctions / Re: Bitcoin Vault Domain - Starts @ 0.005 BTC - BIN Included. on: November 10, 2015, 02:47:12 PM
How long until the hosting expires? I don't want to end up getting a domain that runs out next week, thanks. Let us know some more info before you let the hammer fall.

Who did you register it with and what are the costs for re-registration? 0.005 isn't a bad price, but I want to know a bit more about what you're offering.
73  Other / Politics & Society / Re: Russian Passenger Plane and it's Bomb on: November 09, 2015, 11:58:51 PM
New thread to replace one unfairly smearing Israelis as responsible.

I suggest the Usual Suspects.

Keyser Soze?

No seriously - break down your motives? I can't see the clear reason to kill that many people, I'd be surprised if it was a Western government.

I don't see who benefits. Good on Russia for cleaning up ISIS, nobody likes those guys - that much is clear. I've never seen the world so united against a group - and yet our world leaders are divided...

"MOSCOW (AP) — President Vladimir Putin says Russia's air campaign in Syria has proven the military's increased combat readiness and capability.

Putin said at a meeting with defense officials that "the counter-terrorism operation we are conducting on the Syrian leadership's request has proven that."

Russia has deployed several dozen jets at an air base in the Syrian coastal province of Latakia, which have flown more than 1,600 combat missions since Sept. 30.

Moscow has said that its aircraft has targeted the Islamic State group and other terrorist organizations, but Washington and its NATO allies have criticized Russia for targeting moderate rebel groups fighting Syrian President Bashar Assad.

Putin said Monday that Russia's military modernization program has been successfully implemented, with defense plants churning out new jets, missiles, navy ships and other weapons."
74  Other / Beginners & Help / Re: Suggestions of the best way to earn bitcoin through refferals on: November 09, 2015, 11:55:09 PM
I personally know people who have generated tens of thousands of referrals. One way is to use big rotators like iFaucet and advertise your link. A friend of mine has 2000+ referrals on iFaucet alone, which brings in supplements his referral link into every faucet within the rotator. There are other rotators like LetsGetCrypto which shares referrals randomly. You sign up and if you are active new people who sign up and other users intermittently get a random key - sometimes yours.

Advertising on the ad networks that allow you to pay-per-day is good, Adbit.co and Bee-Ads. Just get out there and advertise! Lots of great spots, it's not too hard. to work out.
75  Other / Politics & Society / Re: What's your opinion of gun control? on: November 09, 2015, 11:46:41 PM
Gunpowder was a Pandora's Box. I saw my nephews eyes light up when he saw his first fireworks, and I also saw him get very scared and nearly cry when they got louder and scarier.

Gunpowder hasn't helped us, it's holding us hostage -along with nuclear weapons. We are prisoners of our own aggression. In 2015, everyone probably wants a gun but nobody needs one. Gladly my country has a more sane view on gun ownership, but that hasn't stopped maniacs doing maniacal things.

Knives and blunt objects are dangerous too!
76  Bitcoin / Bitcoin Discussion / Re: What's stopping people from using bitcoin? on: November 09, 2015, 11:29:37 PM
Lack of real Bitcoin infrastructure in the places where people actually spend money - i.e. supermarkets, bars, nightclubs, strip clubs, coffee shops, etc.

Amazon accepting it would be a huge thing. It will take more corporate adoption before people are comfortable with it. Too many people still hold the negative associations from the 2012 era when all people were hearing was the 'deep web' and 'Silk Road' - as well as other lovely buzzwords like 'hitmen' and 'drug dealers'.

Bitcoin needs a bit of positive PR and a few killer apps.
77  Other / Beginners & Help / Re: Best way to earn Bitcoins? on: November 09, 2015, 11:22:41 PM
Bitcoin faucets - referral earnings from these. Great way to earn and learn.

I think signature campaigns come second, they're great for a while but you can earn way more with faucets if you are smart! There's a lot of ways to earn. If you have a skill you can offer that for Bitcoin, graphic designers, developers - especially front-end devs are heavily in demand. You have to get in where you can fit in with Bitcoin!
78  Economy / Micro Earnings / Re: ★ BitMedia.IO ★ Bitcoin Advertising Platform - Official Thread on: November 09, 2015, 10:54:58 PM
I have a new website and want to join bitmedia next month but I do not have many visitors
if I use traffic exchanges, Hitleap does violate the rules ?

Why would you want to do that, the sites won't make you any money - this is a CPC network - it pays per click not per view.

You could view it a million times but it won't count.
79  Other / Archival / Re: ★☆★ [Newbie friendly] - Up to 2500$ / month [Highest payout - USA clicks] ★☆★ on: November 09, 2015, 09:12:40 PM
This is one of the most illegal looking threads I've ever seen. If this is an Adsense click ring this is HIGHLY illegal and I wouldn't recommend anyone doing it. This is pretty big advertiser fraud!

Don't sign up people, not worth your trouble! Google is a huge company and will catch you!
80  Bitcoin / Mining speculation / Re: Bitcoin as a Solar Battery on: November 09, 2015, 09:06:15 PM
But solar batteries don't, so if you reinvested in solar panels and added a few extra miners at a time you could technically find a nice stable middleground. Even running a 50/50 setup where you were half solar/half powered would be much more effiecient. I'm sure hybrid possibilities are actually quite profitable.

I would advise against a 50/50 setup as the cost savings come from the reduction in sunk costs of deep cycle batteries and their ongoing maintenance/replacement. The idea here is to eliminate the need for most of the batteries(1-2 would remain for power outages) and use the ASIC's as a "battery"(BTC earned would buy night electricity) from excess electrical production during the day. Thus you would want to produce 120-200% of your daytime electrical use.

So what would suit? I think 50/50 would work quite well on a summer day, or even 75% solar, 25% mains. I don't think the efficiency would be that reduced.

I'm not super good at maths, but I hear photovoltaics are becoming much more effiencient as time goes by. I think a Bitcoin early adopter should invest in solar powered ASIC PSUs.
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