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621  Economy / Economics / Re: Transaction fee on: December 28, 2015, 01:56:25 PM
What is the connection between the fees of fiat transactions and the development of bitcoin only one person can know. The author of main post...

The bitcoin development is made by the developers and their work have nothing to do with the mentioned fee-s.

Consumer price index (CPI) is still available only in fiat so you need fiat to bitcoin exchange rate to calculate bitcoin CPI.
I would like to see transaction fee if not decreasing relatively to CPI then at least linked to it.

Sorry mda but for me seems that I am talking about the Sun and you are talking about the Moon. From internet I had only a few info about bitcoin CPI (about which to tell the right had not heard never before) that for more don't fit with each another. Not only this but are even totally different one from another. Other conception found at bitcointalk and other at bloomberg.

You can find those here:

http://www.bloomberg.com/bw/articles/2013-12-12/the-bitcoin-consumer-price-index-shows-massive-deflation

https://bitcointalk.org/index.php?topic=99080.0

I don't know if you have another bitcoin CPI conception created by yourself (which might be totally different from the above) and published who knows where, but as for the above, none of them confirm what you have written in your post. I don't see any kind of connection between every bitcoin CPI above conception with the exchanges and for more with the fees of fiat transactions. And to tell the right I am not able even to create connection between most of concept-words mentioned at your post. Anyhow I don't know the work of an owner of exchange and I don't know in which way he or its specialist (according to you) "fix" the change from various fiat moneys and bitcoin. And then after this even "transaction fee" (only you know which one is this: fiat or bitcoin) mentioned by you in the second sentence. For me the kind of "job" of an exchange if way more simple. Leave and follow the relation supply/demand for every kind of "thing" (named otherwise "money") and earn fee for every transaction the other made. Period.

Anyhow, being not an expert in such things (and being convinced for the moment that have right in the above written by me) I 'm curious to learn more in this field. So, if you have time, please do a much more detailed explanation about you "theory" (like for children) in order that me understand my wrong thoughts and correct those. To not forget the connection between the fiat transactions and the development of bitcoin (about which, I'm sorry, I haven't found nothing in internet).

And to tell the right, at my previous post answered by you, I would add even these words: Please explain this pearl: "I would like to see transaction fee if not decreasing relatively to CPI then at least linked to it"
622  Economy / Trading Discussion / Re: Bitcoin Exchanges on: December 28, 2015, 09:46:11 AM
As a newbie I try virwox and it's not bad... or even buy on ebay!

I have used virwox initially when I bought bitcoin for the first time. Was the only exchange who accepted paypal and this make me felt sure about tho bought (was no need to give the data of my credit card to the buyers). And were not such opportunities which offered the bought of bitcoin. According to me is a good exchange but have high fees. Don't worth to buy there. For sure Coinbase will be better but maybe even cex.io named by me may be better. Have time that don't buy at virwox and they may have changed the fees but doing two steps to buy for sure will increase the "lost" money during the purchase.
623  Economy / Trading Discussion / Re: Bitcoin Exchanges on: December 28, 2015, 08:24:39 AM
Hello all,

I am new to the world of btc. I have been researching it on and off for the past few years, but in the past few months have made my research a daily event. I have even bought some of the physical coins created by Lealana and Casascius. While I am having fun collecting these coins I really want to get into actually buying bitcoins in it's real form and not just pretty cold storage coins.

Where do you recommend I do exchanges through? I am based in the USA and plan on buying and storing coins. I've heard mixed reviews on coinbase. Any other recommendations?

Thanks in advanced.

I don't live in USA but I am a user Coinbase. I use Coinbase as a wallet for all my bitcoins. Normally is good that not all your bitcoins be only in one wallet. But I told you that to make you understand my trust in this business. I am customer there for about three years and had even one time something to complain. To come back to your problem. The service wanted by you (buy/sell bitcoin) is yet not available in my country. So I cannot tell as for personal experience if this service is the best one or not. But reading all the above by me and adding what I have heard and see in the site about your question, must the best place to buy or sell bitcoins. I personally use CEX.io but I am not satisfied from the fees and the prices offered from this site in the bought of bitcoin (I only buy bitcoin). But have nothing to do. It is an obligatory one. Anyway you can try for yourself. Buy little amount in both and make the comparison. Maybe even in other exchanges given by someone else. My conviction is that Coinbase will be the best choice.
624  Economy / Speculation / Re: How will halving affect the value? on: December 27, 2015, 03:43:05 PM
Will the value of bitcoin go up because of halving to mining reward or will this cause a crash?

How many times discussed about this topic.... It would be enough to do a simple search and will find tons of posts about this question. Thread created this, for more, with only few words in the form of a simple banal question. The only news is the second part which guess a crash of the price after the halving. But no one word why must have probability to happen this guess (without any kind of foundation). Now want me to do a question to OP. I am unable to find even only one very little reason about the why of this your supposition. May you give even only one reason which make you to write these words? In this way I can learn something new (and unimaginable for my mind). Or creating this post you wanted that your nick be written with gold letters at the hall of fame of those who has open (are authors of the open of) threads at bitcointalk?

I apologize n2004al for the unoriginal post, I am completely new to the forums but will search for similar posts in the future before posting!  Embarrassed
I will now try to answer your question about why I added the guess of a crash...

It seems the overall consensus is that the value of bitcoins will go up as a result of halving mining reward. But it may be helpful to look at the recent history of Litecoin which has already undergone a halving in its mining reward. We can see after the halving of the block reward for Litecoin from 50 to 25 LTC on Aug 25th, the price was fairly stable the value of Litecoin actually declined days after but then quickly retained around its original value prior to Aug 25th. When the time comes for Bitcoin to be halved, I would imagine miners will be disappointed with receiving half as many btc, since I really don't see any large increase to the valuation of bitcoins. I believe the short term affect of the halving will be a decline since miners will be forced to sell off larger portions of their mined Bitcoins to expand their operations just so they can still see some profit from the smaller block rewards. For those who believe the price may double, realize that as odolvlobo said the supply is not decreasing its just the rate at which the supply is growing is just lower.

I don't necessarily think bitcoin will crash but perhaps we will see some decline during July. Even if bitcoin was going to drastically increase it would have already done so way before July 2016 since the halving of the block reward is public knowledge.

First sorry to give a reply so late. But I try to find always new topics to read and discuss after the discussion or posting in one of those because normally if you have told what you think about the aim for which is made the thread is hard to give other opinions or thoughts because the aim remain the same. So remain to discuss about the thoughts of the others or discuss about their ideas. To tell the right I believe in the freedom of expression and the right that everyone must have to have its ideas and its convictions. This made me rarely to discuss about the thoughts of the others because think that don't have the right to discuss about their convictions. I do comments only when there are cases that according to me (and this doesn't mean that I have right) are to "silly" to not be commented. This reason make me to visit rarely the threads when I post (even I click the "notify" link for every thread in which discuss) and this reason bring me so late in your thread. Bad behavior this because may have reply to my posts and this reply must make to give answer. Like this case.

Lets come to your reply. First, you cannot be hungry about a your mistake. If someone make e mistake (as you personally accept) in the worst of cases can ignore that person who mention this his action and the story end here. In the best of cases passe everything with a joke or something similar. Can be hundred other reactions between the above mentioned but it is not normal or justifiable to become hungry. Maybe can become hungry who read for the tenths time the same post but not the author of the tenth similar post.

Second the reason explained by you that made you to take in consideration the crash of bitcoin has several inaccuracies. I am giving shortly my thoughts abou those.

First there was not any kind of drop of price of litecoin (except maybe some normal fluctuations). You explanations are not correct. It was a drop of network hashrate but not in the price. Hashrate that come back to the normal values after few time. The network hashrate is totally other thing with the price. If you are not able to understand this I am sorry. I am giving below two sources (which include in their analyses even the calendar dates mentioned by you) which can prove my words:

http://cryptomining-blog.com/tag/litecoin-block-reward-halving/

http://www.coindesk.com/litecoin-first-mining-reward-decline/

Anyhow you can have your sources that can be much more accurate that mines. I invite you to show here those. Because I don't see any reference in your post. Only the word of someone offended without reason.

Second, in your post you write: "We can see after the halving of the block reward for Litecoin from 50 to 25 LTC on Aug 25th, the price was fairly stable the value of Litecoin actually declined days after but then quickly retained around its original value prior to Aug 25th."

Here you yet make another gaffe. You use the word "decline" (the most "strong" word used by you regarding the drop of price of litecoin after the halving) in your comment. Even if your words can be true (thing this not true according to the above sources) cannot be considered never a "decline" like a "crash". Are way away with each other. If you cannot understand even this (like the above) I am again sorry about you. So we find here an inappropriate use of one word very heavy for something much more "light" event (if happened). Used only when is not known the meaning of the words or in the worst of cases to create suspense and attention about the person who use those (thinking that is an savant because use strong but right words) and the thread or post created by him. I would like to be the first case because if can be the second the OP has big problems with himself (adding to this case even his reaction versus my post).

I will advice you to do a search and to find sources which explain the real meaning of all the concepts and words used not in the right place by you.

Hope that you will take every my word written above not as an attack to you but only as a normal reaction to your post. I will have a particular attention for this thread. So hope to be more faster in an possible answer to an your possible answer to my reply to your reply about that I have written in my post regarding your main post and your thread.
625  Economy / Economics / Re: Bitcoin's price will rise even if its value doesn't on: December 27, 2015, 01:53:31 PM
There are different and various conception of value. Depending from the point of view taken in consideration or taken as referring point. As for me, the price is the real and the right value of a currency. So have no meaning to tell for a currency that the price of it will rise and the value not. Are the same thing. The same even with every other product (independently of its form or substance). Its value is the price with which is sold or the price which someone is ready to give to have it. This mean that the value is not a fixed quality. Because depends from to many factors. So even with the value of bitcoin. Move in time (even within seconds) according to the price in market compared to all the other currencies.
626  Economy / Economics / Re: outside from bitcoin is network marketing profitable ? on: December 27, 2015, 01:09:40 PM
some one offer to me to join his network marketing company  is network marketing profitable ?

There are people who have made million of dollars with network marketing. The key of success in this field is the formula chosen to make money and first of all the ability of the main promoter and its followers (more able is the first, more are and increases in time the seconds) to convince the others about the profitability that offer the above formula. I haven't yet seen or hear about network marketer become successful with cryptos (including bitcoin) but this doesn't mean that cannot be one or more more such. Anyhow network marketing need big amounts of people involved and the community of bitcoiners is yet few to attract the attention of the big whales. To not forget that in this field of activity exist a mountain of scammers. So beware from those in following the offer made to you.
627  Bitcoin / Bitcoin Discussion / Re: Do you believe that Satoshi is still active on Bitcointalk.org? on: December 27, 2015, 12:58:14 PM
Just wondering, if you believe that Satoshi is still participating on Bitcointalk.org actively using a different pseudonym?

Ha, ha. This question is like to ask: there is life in the universe? Or: there exist some other kind of intelligent being somewhere in some place out of Earth? Every answer may be true and each of those given have exactly the same probability to be true. For a simple reason: don't exist any kind of data that can give for sure more probabilities of truth to one or some of the answers compared to the remaining ones. Exactly the same is even the story of the answers given to the question of OP. So, space at the imagination and shoot for everyone.
628  Bitcoin / Bitcoin Discussion / Re: How to contribute to the bitcoin network or project? on: December 27, 2015, 12:52:08 PM
Hi all . I saw this article and got to wondering how I could contribute to the bitcoin network. http://bitcoinist.net/btcc-deploys-full-bitcoin-nodes-to-keep-network-secure/

i don't have a synced wallet on a computer as it must take up quite a bit of space now I imagine (?).
What are the ways to contribute?

Spread the word, spread the word and again spread the word about it. The main key of everything has to do with bitcoin is the spread of word about it. The most known it the more strong it become. In every kind of meaning. every new enter in its world is a new important and heavy stone in its castle. More people will want it more attention will have, more resources will be allocated for it and more better it will be. In every kind of meaning.
629  Bitcoin / Bitcoin Discussion / Re: Commonwealth Bank goes Ballistic on Bitcoin, one of the largest Banks on: December 26, 2015, 03:31:26 PM
it comes in at 41st on biggest banks list though, im sure its in reality much much bigger Wink

http://www.afr.com/business/banking-and-finance/cba-builds-a-blockchain-in-its-innovation-lab-20151206-glgj6y

Very good post. Put as a main post one link which to be seen and to be read want a subscription. It would be good that in such occasions can be put together with the link even the username and the password of the main poster who for sure have both. Otherwise how is possible that know about what has to do the article. Cannot happen nothing bad. The maximum that can be made will the thanks of the paper where is published the article because of the increase of traffic and the readers. It is not this the aim of every newspaper?
630  Bitcoin / Bitcoin Discussion / Re: What is your bitcoin holding score ? on: December 26, 2015, 03:12:01 PM

What does it mean this score? I put one of my most used bitcoin address and the results are "no score". Then put another one which I don't use since three years and the results was a score about 0.03 and some figures after. I cannot understand what is this. What meaning has and for what serve. It would be that that OP give some explanations. Or was given such tool only to create a thread. As make most of the OP which place a link and any comment or their thought about the why of the bring of the link and the aim of the thread.
631  Bitcoin / Bitcoin Discussion / Re: Watch for this imitated blockchain site bilockchain.info/ on: December 26, 2015, 03:03:38 PM
When I google for blockchain.info this site is the one showing on the searches they are shown as ads by google
http://bilockchain.info/ it imitated blockchain precisely you might think it is the real blockchain site any body here have access the site before what is your opinion on this

It is a bad fake imitation. Not for the page which appear when click the link given by OP. But very easily understandable that is a phishing site. Don't work any other link except the link of the wallet. I cannot saw the quality of the page which open after clicked this link because my Kaspersky doesn't allow me qualifying this link as a dangerous one but I bet that the imitation would be perfect. If someone is not careful and don't have my Kaspersky can feed the shark.
632  Bitcoin / Bitcoin Discussion / Re: Bitcoin Surges Fast Forward On Many Fronts Heading Into 2016 on: December 26, 2015, 02:56:56 PM

Very informative webpage. Even I dislike hardly the first sentence of it: "Bitcoin is moving from an investment commodity to everyday use, according to Coupofy.com". Bitcoin haven't been never commodity. This kind of definition or perception is totally wrong. I have made several posts about this question based so concepts and their definition according to very credible sources that definitely exclude the positioning of it as commodity. have no meaning to repeat all here. But who want to see if are correct in his point of view or want to read those only to read can find all at my story of posts in my profile.

As for the other things is an exceptional source of data about bitcoin. I haven't seen never such many data about bitcoin put together in one webpage. For this congrats to the authors.
633  Economy / Speculation / Re: Why did Bitcoin drop in value over Christmas? on: December 26, 2015, 02:37:24 PM
I can see it dropping before Christmas as people want money for presents, but why has it dropped over the last 24 hours?
It's gone from £308 to £280. It looks as if it might be a good time to buy.

First because the presents can be made even during or even immediately after Christmas. So continue the trend. Second because might be made some speculation knowing that in this time of the year can be fluctuations of the value of bitcoin because of the celebrations. And third (maybe this can be the most important one) the celebration were not finished yet. In most countries (first of all the Muslim ones but not only in those) the last day of the current year is celebrated more than Christmas. Much more. In those countries the presents are made the last days of the year. So can be again time to see how will go the price of bitcoin.
634  Bitcoin / Bitcoin Discussion / Re: Why should people use Bitcoin? on: December 26, 2015, 02:30:56 PM
Why people should use Bitcoin ? the answer is it offers them to have full control over their funds and freedom to use when and where they want.Especially when it comes to transfer funds it is amazing.

I love bitcoin but give the Cesar what is of Cesar. As for the transfer of the funds (otherwise understand as send of bitcoins) some times someone can insult it, its mother and its father. Only two days ago some bitcoin sent by me to another wallet remained stuck at the blockchain for more than 48 hours. Luckily I had no rush and no need that those bitcoins be where I sent those within deadlines. Otherwise who knows how much time I would remained out of bitcointalk.
635  Economy / Economics / Re: Bitcoin replaces the money? Could happen? on: December 25, 2015, 01:44:08 PM
Bitcoin cannot replace any kind of money used legally in every country and which has the status of the national currency of the given country. For to many reasons. I am giving here two of those. First, a national money must be owned for sure by that country. Cannot be used as a national money or national currency a similar one which is not owned by that country because this, first of all, can put in risk the stability of the economy of that country. Then another reason is that the national money must be centralized in order that can be managed according the monetary policies decided by the Governments in collaboration with the Central Banks (which has as the first duty the managing and the take care of this money).
636  Economy / Gambling discussion / Re: What Happen If Gambling was not introduced? on: December 25, 2015, 01:08:30 PM
Haha. Everything is a gamble. If you are only referring to bit coin then it does have its pros. Addiction or perseverance is a key to richness Grin. Cause even gambling is a hobby.

With money or none, we gamble everyday. The term might be different. But its the same.

Sure we gamble when eat and drink (water), we gamble when work at least 8 hours a day to have the money for maintaining our family, we gamble even when we walk for pleasure or only for move ourselves, we gamble when learn for more than 16 years everyday for about 4-6 hours and more in a day, we gamble even when we wearing our brain for several hours during all the years of various grades of school and University, we gamble even when we read a book, we gamble even when play a football match (only for fun and without using any kind of money for the winners), we gamble even.... but are remain more hours from the 24 which have a day to gamble other things? For me not. For the above poster for sure yes. Then with all the above gamble normally I loss much more than I have. When I found the money to gamble again the next day, month, year? It is not a secret. Leaving my family without nothing.

Ah forgot. We gamble even when we sleep for about 8 hours. Especially this period is an intensive time of gamble. Because is a gamble with closed eyes. The typical form of gambling for people like the above poster.

while walking on the road there is a chance to get hit by a truck ,hence it's gambling .
You are taking it too literal but many things we do are gambling to an extent regardless of the money/risk involved.


Another stupid thing, told probably from a gambler. Even it is not stupid. It is much more than stupid. And even much more than the previous much more. Have no name how stupid this. From someone which is important because take in his shoulders the responsibility to give two answer to two posters with only post. For sure because want to run in casino to enjoy the lose of the money taken from the bread and other expenses of his family or his daddy and mummy.

Dear gambler with skills in gambling and sharp mind. The case you mention is not called gambling but probability. And the verification of the gamble and the verification of a probable phenomenon are away from each other like is away the Earth from the Moon. Or better from the Sun. I am giving only one of the many reasons which verify my affirmation. The most simple which can be understand by everyone. Even from those who don't know what is the first and what is the second thing about which is discussed here. The gamble happen because is wanted from the gambler. No one oblige a gambler to go at casino to gamble except his free will. It is totally the opposite in the case of the happening of a probably phenomenon. It happen because of that moment in which happen are united a casual (totally casual) factors which bring as a result the happening of the phenomenon.

So:
The gambler enjoy the lose of the money of the daddy or mummy at the casinos or gamble online sites WITH HIS FREE WILL.
The happening of the case mentioned by you in your brilliant answer happen WITHOUT THE WILL OF NON ONE BUT ONLY AS A RESULT OF THE CASE.

I would like that the big and the intellectual responser who is so able to give with only one post answer to hundred of the normal posters comment this my simple post.
637  Bitcoin / Bitcoin Discussion / Re: What's going to be the next big Bitcoin announcement? on: December 25, 2015, 11:14:52 AM
I'm looking for something to look forward to.  What do you feel will be the next big announcement for Bitcoin in the next month?

There will be only nothing. Maybe it will be discussed again (as it is becoming since its creation) about its price. If it will be some special price about which can be told more there will be more posts and more threads dedicated to it (even I cannot understand how can be more than already are; cannot find the aim of the new ones). Then other threads full of speculations or repetitions. And posts which will tell the same things because no one read more than the previous post (if read even this one). That's all.  Wink
638  Other / Politics & Society / Re: Switzerland voting for referendum on Cryptocurrency backed Currency System on: December 25, 2015, 11:08:52 AM
its something along the lines of abolishing the fractional reserve system

though in reality this is just money printing with book marks

i assume this is a step on the path to Crypto


A national backed digital coin is not a new thing. Already discussed in various threads and posts about existing rumors regarding the try of Bank of Russia and Federal Reserve to study blockchain with the aim to create such kind of currency. The big news (if true because the OP has not given any link which can show the right as it is) is that this time is taken a real action in this direction. Ask the people about this thing. Even the answer could have immense importance in the case of an "yes" even the "no" has its big importance. The began of a road which can be followed by to many other countries. So, if right the news, welcome to this referendum.
639  Economy / Gambling discussion / Re: How much can you earn with gambling? on: December 25, 2015, 10:40:29 AM
If you have skills and stick to skill based games like poker and blackjack then you can make lot of money by gambling otherwise the story will be different to this.

I am curious to know which kind of skills can exist in blackjack. To go before playing at a soothsayer which will tell all the cards that will be showed during the gambling for 5 hours uninterruptedly and you will memorize all those. Then knowing these data will go at the blackjack table and win all the money of the casino. Or putting in life the strategy of the "unknown numbers and stupids who believe in skills in gambling" which ask to tell the dealer to tell you which card will go out in an given moment and after this confession to you, you can do the calculation in which moment will go out the needed card. Then in that moment you will do a shot of whisky and will tell to the dealer with full voice: Go. In that moment all the casino with remain breathless from your just demonstrated skill and you will shell out the casino. That's correct?
640  Bitcoin / Bitcoin Discussion / Re: Why should people use Bitcoin? on: December 24, 2015, 07:08:17 PM
I personally think of bitcoin as an asset. It's volatile, and I like trading it. Some people like the anonymity of it, some people like the p2p aspect of it, and some people are just intrigued by a cryptocurrency.

Bitcoin in born as a currency is only a currency. If a boy born boy cannot be girl (can become only if change radically itself or have mix genes since the birth). In other words, if bitcoin must become or be something else (different from the birth) must change radically its being. Thing this that has not happen yet. Bitcoin is exactly like Satoshi has created it. Did all those explanations because more and more I see that different people to make the savant invent other "professions" and "meanings" for it.

I have heard that bitcoin is a commodity and tried to argument using various references and concepts that can be found very easily in internet. So who want to learn if is commodity or not it would have been enough to do a search in internet, to find the meaning of the two concepts and arrive at the needed conclusion very easy. With few words the conclusion is that if something is commodity must be touched. And everyone can understand very easily that bitcoin is not a commodity because cannot be touched. Who want the total argumentation and have patience can find it doing a search at my posts which can be found at my profile.

Today, for the first time, read that bitcoin is an asset. What else must be heard in this life about bitcoin? But this time the argumentation about this last pearl is even more easy. I have to ask: With which asset can be bought something? And not only in internet but even out of it. Even the everyday bread. With bitcoin is very difficult this last action but not impossible. If the vendor who sell bread is a bitcoiner and had a laptop at the place of work even the bread can be bought easily with bitcoin within seconds or minutes. But what about the asset? Can be bought the bread with an asset?  Huh
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