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621  Economy / Digital goods / Re: amazon.com giftcard for sale with escrow accepted on: October 29, 2014, 04:30:40 PM
Even if a buyer uses escrow he will really not be protected as the gift card could be purchased with a stolen credit card. IMO you will have a very hard time finding a buyer as you are very new here with no reputation.

I would suggest using purse.io to buy bitcoin with your gift cards. You essentially purchase something on a person's wish list, the items are sent to the person selling the bitcoin, then the bitcoin is transferred to your purse.io address.

As of now there are two offers that cost $50 each that will get you a total of ~.204 BTC (or roughly $71 worth of bitcoin if you do not have prime, if you do have prime there is an offer that cost ~$95 that will get you ~.242 BTC (or roughly $85 worth of bitcoin)


i already told it was from a contest winning and i am not like that person stolening creditcard and bought amazon giftcard

and also coming to escrow
you just seeing buyers side

what will be seller side?

i.e if buyer after taking code reddemed and said it not worked?

then seller will be fooled

always listen see from both sides


if a true genuine person was there then deal can be done
You could use teamviewer to be able to verify if a code works or not; or the buyer could give his amazon credentials to the escrow who would enter the gift card information into their account.

The risk is not that the code does not work initially, the risk is that the gift card was purchased with a stolen credit card. This would result in the buyer of the gift card getting the funds reversed from his amazon account.

There are really just too many scams on here for people to be buying gift cards, especially when you cannot prove that your purchased it via legit means
622  Economy / Scam Accusations / Re: shajfy769 on: October 29, 2014, 08:55:46 AM
He's purchasing reddit accounts in order to scam people with them. He's buying accounts through a number of different forums. Just do a search of his username and you'll get a ton of scamming accusations.
https://www.reddit.com/r/badkarma/comments/2iev6i/bad_shaf1_with_fake_reputation_subreddit/


http://www.blackhatworld.com/blackhat-seo/want-buy/714020-wtb-reddit-accounts.html

http://www.blackhatworld.com/blackhat-seo/members/770984-shajfi769.html
I don't understand how someone would scam with a reddit account. I don't think that very much commerce happens on reddit (I didn't know that anything was ever bought or sold on reddit)
623  Economy / Services / Re: GAW MINERS PAYS FOR YOUR SIGNATURE >>> HIGH RATES 50posts = 0.1BTC JOIN US! on: October 23, 2014, 09:49:49 PM
Received payment, thank you.

I would like to re-enroll.

Address: 19d7yR4gL2E2fgB5ERpFLhZEDUCgYZdbsH

Posts: 596

Thank you for all you do.
624  Other / Politics & Society / Re: China Just Overtook The US As The World's Largest Economy on: October 18, 2014, 12:20:45 PM
Only with Purchasing power parity (PPP)
But in nominal GDP it still has a way to go.
PPP makes the most sense in comparing economies anyway. Would you disagree?

PPP may make sense for comparing how the people in the country can live, e.g. for things like GDP per capita as a measure of wealth, but I think nominal (or real) GDP makes the most sense when comparing the economic power of nations.  If the US and China both went to buy stuff from other nations, the US could afford a lot more, China's forex reserves notwithstanding.

However, I think China is on track to surpass the US even nominally by 2040 or so.  It is clearly going to be a different world.
China is seeing higher bursts of economic growth but are also seeing more economic slow-downs. I am not sure if China or the US is seeing a higher long-term economic growth rate, however it is far from certain that China will be able to maintain a high rate of growth, especially considering the fact that the government is building a lot of real estate that is sitting vacent.
625  Other / Politics & Society / Re: Oh great, now IS is training pilots on: October 18, 2014, 12:18:16 PM
People have noticed and reported short training flights from IS held airbase.

http://www.bbc.com/news/world-middle-east-29660029

To train a talented recruit to a pilot takes a couple of months, but they still will be inexperienced rookies and will be outclassed by any seasoned, battle hardened pilot. In addition they have some really old planes (MIG-21s or MIG-23s maybe SU-17s).
I agree. And to make an air force takes many years. They will have a hard time finding spare parts and jet fuel also. I would worry more about a suicide jet loaded with 500lb. bombs. But yes, they will make good training targets for other countries.
It will take many years for a country to develop an air force that is able to fight and survive, however it will take much less time to develop an army of suicide bombers that have the ability to inflict a lot of damage to both an opposing military and civilians before the fighers end up getting shot down
626  Economy / Service Discussion / Re: Coinbase hacked!! on: October 18, 2014, 12:13:52 PM
this is what we get because selling accounts is allowed
If you look at the OP's trust you will see that he previously defaulted on a loan from BTCjam. I think that the OP is generally not trustworthy and has no issues with scamming.

I wouldn't say that we see this because of sold accounts as if someone buys as account they will not want to risk the money they used to buy the account on a scam like this
627  Bitcoin / Bitcoin Discussion / Re: Tor+Blockchain wallet hacked? 633 btc loss on: October 18, 2014, 12:04:06 PM
... Then there was an error message pop up, he closed it and refreshed the wallet page...

That probably was probably a key moment.

Exactly.  They were key logging him or had hijacked the computer and then transferred the money out.  It is doubtful it was a MITM attack while using TOR when the easier method is to just have owned his computer.  (Of course it is possible, just very unlikely).
I also agree. A man in the middle attack is really not feasible with TOR.

One theory as to what could have happened (besides spreading FUD) to the OP is that he went on a hidden wikki, looking for a .onion version of blockchain.info, clicked on a fake blockchian.info link (hidden wikki is littered with these kinds of phishing sites), entered his identifier and password, then the person behind the phishing .onion site was able to login to blockchain and steal the OP's bitcon.

IMO the OP is spreading FUD more likely then not. I don't see why the OP would be paranoid enough to use TOR when dealing with bitcoin but isn't paranoid enough to want to use cold storage

It happened the same thing to me using coinbase.com and I didn't use the hidden wiki to access coinbase. There is people literally living from stealing BTC you shouldn't underestimate these people
Why would you use TOR to access coinbase? They already know your identity and your bank account details therefore there is little reason to try to hide your identity to access coinbase

it has been reported that POODLE has exploited a SSLv3 vulnerability so it is, in theory possible that an attacker launched a zero day attack against the OP

I didn't give them any ID, just an email address.

By the way, someone stole from my blockchain with double authentification and a second password when sending funds... using it via TOR

I think blockchain is having an attack or something like that. Do you know any wallet that Works good with TOR? Or
would you recommend me generate new wallets from my cold wallet in Armory?

Fucking blockchain...
When you access your blockchain.info wallet (via TOR or otherwise) you are essentially downloading the private keys to your browser as blockchain.info stores your private keys in encrypted format. When you log in you essentially telling blockchain which encrypted file to send you and you will decrypt it. If someone were to modify the blockchain code via a MITM attack they could make it so the decryption key (aka your password) will be sent to them (along with your identifier) so they can decrypt your wallet file stored on blockchain.info.

To get around this potential vulnerability you could use a wallet that always has your private keys stored locally. A few examples would include QT, multibit and armory. The only time that TOR would be involved is when you use your client to push a TX to the network.  
628  Economy / Economics / Re: Reasons to HODL! on: October 18, 2014, 11:55:15 AM
me
Will the price rise to 10K in 2015  Huh

Between 10K to 100K
Depends on how many industries it disrupts.

100K  Shocked
Unbelievable
It's 100x ROI

Today's prices is 1000x return for many of us who have been since the beginning.
If prices jumps to 10K USD would be 10000x or higher.
It is really not realistic to expect the price of bitcoin to continue to rise as it has in recent years. We are already starting to see the 'law of large numbers' take effect in restricting how far up the price of bitcoin can rise. I do think the price of bitcoin will rise in the future however I do not think we will see the huge increases that we have seen in the past
629  Economy / Economics / Re: US National Debt / Deficit - How does it end? on: October 18, 2014, 11:51:52 AM
it doesn't end. what is the incentive for ending it.

LOL.. Perfectly said. It doesnt end, it will grow and grow.

Yes. Right now USA economy is in rising, so their debt should decrease. How many it decreased from 2010 to 2014?

not decreased, risen:

Quote
Federal debt held by the public as a percentage of gross domestic product, from 1790 to 2013, projected to 2038.


The federal debt burden as a percentage of GDP will decrease as long as the economy is rising faster then the deficit (as measured by percentage of GDP). The problem is that Obama has demanded that we see higher spending levels, especially on welfare-like programs, which has resulted in higher overall debt levels. As a more conservative president is elected, we will see much more prudent fiscal policies which should result in lower debt levels
630  Economy / Economics / Re: When will the USA pay their debts, if ever? on: October 18, 2014, 11:48:28 AM
What about China's $23 trillion credit bubble?

The whole world is in massive debt, it's fantasy if you think it's just the United States who has a problem. 

the United States has the biggest debt, and the biggest trade deficit.
its the biggest parasite in the world, consuming 80 billion USD more than it produces every month.
A country consuming more then it produces does not make it a parasite. It means that it has the economic "credit" to be able to borrow such amounts and that it's country is stable enough so that other countries are willing to invest in the US. If this was not the case then currency markets would adjust so that the trade deficit would disappear and the US dollar would be much weaker
631  Economy / Economics / Re: US Price Deflation in Recent History on: October 18, 2014, 11:45:38 AM
You need to remember that food and energy prices are the most volatile prices that make up the CPI, and are even stripped out of the "core" CPI as they are generally not considered to be a good measure of inflation.

You also fail to account for the fact that many grocery stores often have many sales that can offer significant savings. I don't see any mention of things being on sale in either comparison (I would suggest that more things would be on sale on the earlier advertisement as printing technology was less efficient in 1991 and would make less sense for a grocery store to advertise items that are not on sale).

If, as a consumer you only buy products that are on sale and in bulk then you would realize much lower rate of food inflation 
632  Economy / Economics / Re: China will become Super Power ? on: October 18, 2014, 11:39:03 AM
... but I am almost certain that we should start learning Chinese Cheesy

For me it's too late, but I seriously consider it for my children.
There is no reason why Chinese could not be the next dominant language around the world.
Well,.. now I think of it, all those characters are not really convenient and easy to learn.

So you must put lots of effort for your children in first years to expand their painting and drawing since Chinese letters are drawings. Smiley
This is not true and somewhat racist. Chinese "bar" (the drawings that you refer to) are symbols that correspond to each spoken word in Chinese. They are not drawings as there is no creativity involved making these words. It essentially makes it impossible for someone to misspell a word
633  Economy / Economics / Re: What does it mean when a "country intervenes in the currency market"? on: October 18, 2014, 11:36:36 AM
Not all countries have a "weak local currency" currency policy. Some will let the currency freely float against other currencies regardless of what the market does. The only currencies that will have the problem of being too strong are countries that have net exports as their currency will naturally get stronger as they sell products overseas, bring the profits home and buy the local currency.

The problem is what happens when other countries manipulate the foreign currency exchange rate. Do they still follow an off-hands policy or do they intervene in the market?
Most will still follow a hands-off policy. When a currency market is intervened in, the impact is almost always temporary as intervention only slows the appreciation of the currency not reverses it over the long term.
634  Economy / Economics / Re: Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts on: October 18, 2014, 11:34:40 AM
Economists and Libertarians both must be scratching their heads at this type of information.

Bottom line is that it is a complete mystery that these loans haven't created more than just a yawn in the global economy.

Either:

1. It is only a matter of time before these new dollars have the classic negative impacts that we expect when a government basically prints money by the truck load.

OR

2. Every economist and Libertarian needs to adjust their views on fiat money, printing and the like.

I think #2 is more likely as I don't see a global collapse of value. It just hasn't happened. Doubling my gas and milk prices in 7 years is not enough for me to buy into an economic collapse around the world.

Can't we agree, there are certainly some new economics in play here that we don't have our heads wrapped around yet?....
AFAIK, there's never been a proven correlation between more USD being created and CPI increasing. Ever. CPI seems to be almost entirely dependent on economic dynamism and a RNG.
CPI changes based on the demand and supply of goods and services. It will increase when the economy grows so quickly that growth in economic demand will outpace growth in economic supply AND there is not enough incentives to keep money in savings type products.
635  Economy / Economics / Re: Can the World Really Abandon the Dollar As A Reserve Currency? on: October 18, 2014, 11:31:27 AM
It is really interesting to see how much influence Bitcoin will have on this. Altho days of USD as world reserve currency are already counted down, Bitcoin can decrease them drastically. It can all happen just in a decade.

I would wait to see at least 1 country officially accept Bitcoin. That would mean a real new threat to USD.
You need to understand that individual countries do not "accept" any currency, except for their own tax payments (they only accept their official currency for this). Countries will have their own national currency (or will adopt the currency of their economic zone, as in the EU, or of another country, as is often the case with the Dollar) however the country does not mandate that all trade be done in that currency. People of any country are freely able to engage in barter transactions in which they exchange some other form of payment in exchange for goods/services
636  Economy / Economics / Re: Can bitcoin survive without the Internet? on: October 18, 2014, 11:28:16 AM
Internet down = Bitcoin Doomsday

This internet things become the major risk for bitcoin.

Gox cause $ 1200 to $ 800 , Internet Down forever will cause Bitcoin $ 0 aka dust

And that's why it's not wise to invest all of one's wealth into bitcoin.

If the internet going down is the only risk with investing in bitcoins, I would gladly take it.  Grin
The 'internet going down' is far from the only risk of someone investing in bitcoin. There are many, many other risks involved in bitcoin. It is still very new and is far from certain to succeed over the long term.

The internet no longer existing is only one thing that would cause bitcoin to no longer become useful
637  Economy / Economics / Re: Will bitcoin survive the impending financial crash? on: October 18, 2014, 11:26:08 AM
teh question is not  "Will bitcoin survive the impending financial crash"


the question is:   "will the financial crash survive the impending bitcoin!?!"


 Wink


Fiat won't last long if it keep crashing every 3-4 years. Something is wrong is this system, i hope more an more people will realize that soon
Fiat facilitates credit, which facilitates "modernity." Wink

But i don't think that modernity can be sustained by crashes happening each 3-4 years.  Roll Eyes
I am not sure what "crashes" you are referring to? If you are talking about economic recessions, then most countries are experiencing a recession every 8 to 9 years not 3 to 4, plus a recession is a normal part of the economic cycle. If you are talking about a stock market crash then this happens every 15 to 20 years but is also part of the economic cycle. If you are talking about large inflation then this has not happened is 40+ years, is very dangerous to the economy however it also very rare
638  Economy / Economics / Re: Another Deal to Circumvent the Dollar on: October 18, 2014, 11:19:55 AM
China is the largest creditor of dollars, the Communist Party won't watch the process of dollars dead

China can offload its Dollars and when the USD looses most its value in a short amount of time, the USD holdings of China will lose its value but China will be the biggest beneficiary of the dismiss of the USD because the Yuan will appreciate compared to the USD and the Chinese will enjoy an increase in their standard of livings : they will consume more

China becomes the second largest economy following by the USA in terms of GDP. The increasing number of trades are conducted with yuan. The USA is falling in the steep hole of debt and will lag behind China or other countries no more than 10 years (personal opinion, no offence). Whether bitcoin will play the role of currency will depend on the policy of China and the USA.

I don't think increasing number of trades are conducted with yuan. Until China opens up its capital markets, foreign investors find little use for yuan,

The Communist Party in China is opening up the Yuan to the markets

How can they do that? Chinese cant even speak the universal language. How can they deal with the people all around the world?

Let me remind you that the Chinese were one of the earliest civilizations to trade. Where do you think the name "Silk Road" came from?
The Chinese have been in the market of international trade longer then any other known civilization. Although their primary language is Mandarin (chinese) many/most people in China can and do speak english.

The term 'Silk Road' came from China as it is/was a trade route from China. I believe (although may be incorrect on this) had something to do with the trade of meth.
639  Economy / Economics / Re: What if Nigeria suddenly demanded that all the export would be done in btc? on: October 17, 2014, 11:44:31 PM
If, at this point in time, a government like Nigeria decided to only sell its resources for Bitcoin.

What would the implications be for the Trade in Nigeria and for Bitcoin?

the market cap for bitcoin presently is not at a level to be able to handle a country the size of Nigeria.   Notwithstanding, how is your internet infrastructure for areas outside of major cities?  You know cryptocurrencies are all internet based right.    Physical cash will be with the world forever, just look at how thing go when a blackout occurs and people are unable to get funds from ATMs or credit/debit cards.   

A complete blackout puts everyone on the same level, but to have no net while atms, debit, credit, and wires can still operate will just highlight why you can't have all of your money in any one currency.

This is a good point about the market cap of bitcoin not being large enough. One of the princes of a middle eastern country suggested something similar with their oil exports and the counter-arguement was the same.

Another point is that since the dollar is still the world reserve currency, all that would happen is, people would buy bitcoin to buy the resources then would sell the bitcoin for the resources then the selling country would have a bunch of bitcoin that they cannot spend because what they need is not priced in bitcoin so they end up selling the bitcoin
640  Economy / Economics / Re: why do people agree to pay taxes? on: October 17, 2014, 11:38:18 PM
As a side note... It's not that I support what my government does with the taxes they collect from me. I think most of it gets wasted at best. But that is a different problem than taxes themselves. Whether you feel free or not, these are the safest times in all of human history. Never have you been able to think that you might live to be 70. My friends in Washington state can smoke weed, carry a gun, curse any god, have sex with who they want, etc. That is basically unheard of in history.


and its all possible because we always said we could do better and get more freedom.
if the thirteen American colonies just accepted the fact they have to pay taxes to the British king none of this would come to be.
and today is no different, we can do better, we can get rid of the government completely and achieve a level of freedom unseen since the dawn of civilization.

bitcoin decentralizes money, we must also decentralize military power.
and with that centuries of institutionalized robbery called taxation will end.

Are you crazy? It is very possible to attack bitcoin in a number of ways. Bitcoin is not attacked because it would not make economic sense to do so.

When countries use their military, the economics are not taken into consideration as much as the loser of a military conflict generally will no longer exist as an independent state. This would mean that someone could attack "miliartycoin" in the same ways that bitcoin can be attacked however the attacker would not care about the economics of such attack
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