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661  Economy / Economics / Re: How New World Order will implode on: December 22, 2015, 09:36:51 AM
Its almost Christmas and each day that passes I'm becoming more optimistic. The stock market is crashing, oil price is crashing, China is crashing. Gold is going up, bitcoin is finally going up. Friends, its clear now the new world order is coming to a close. In just a few years its possible we may have the ending of the western new world order that we have all been waiting for: hyperinflation boom-bust followed by revolution.

My question to you: when the end comes and the governments of the west - that hold us in slavery to debt caused by previous generation - that have hyjacked our economies with a huge asset bubble - finally come to an end, how will it happen? What scenarios can you see? How will the governments fall? How will the revolution happen?

Let's imagine how things will change and get ourselves into a positive mindset to keep going.

I am sure that nothing you are predicting cannot happen. There are to many decades that several people are foreseen such kind of scenarios and nothing has happen. For the moment the world don't know better social-economic formation than the actual western one. It was make a terrible experiment with the socialism which was failed totally destroying for about 40-50 years the life of the people who lived that time. I don't think that it will be another try of this kind of system and I have no idea how can be the next one which you foreseen will be. I don't think the actual one is so devil as you describe and even that the situation explained by you will bring such big changes. There are up and down of this system and are not the firsts. So will be forever. Will be solved within it or can be postponed in an future time. That's all will happen according to me.
662  Bitcoin / Bitcoin Discussion / Re: When you watch this, you will know if you were a very early adopter... on: December 22, 2015, 09:15:33 AM
Andreas M. Antonopoulos - Audience vs Bitcoin Evolution

https://www.youtube.com/watch?v=xxFqNKAXhlc&feature=youtu.be

That's remember me the very first days of my contact with bitcoin. It was exactly March of 2013 when I heard about bitcoin from a website which accepted only bitcoin to be founder and i wanted to be necessarily a founder. So was this my need which make to know bitcoin and not bitcoin itself. Then, ironically, that site goes every gay more away from bitcoin and me every day near of it. Today that site yet exist but has abandoned totally bitcoin and i am a totally follower of it. How strange is the life....
663  Bitcoin / Bitcoin Discussion / Re: You have so much bitcoins collected. what did you bought?..or wanna buy?... on: December 22, 2015, 08:58:42 AM
You have so much bitcoins collected and kept in so called wallet. What are you going to do with it and what things you wanna buy with your precious coin?   Cool

For me, I just keep it for the moment and am still thinking what to do with it.. haha  Grin Grin Grin

I have not to much bitcoin but only a few. So cannot judge a situation in which I am not. But I think that if i would be in your situation will have the same behavior like you but only with a little difference. I will not think at all what can I do with my coin. I would have any kind of such ideas. Because i will be very clear what to with my coins. Try to invest some of those in activity which can give me more bitcoins and only in this kind of activities. And if not possible this to hold those with the remaining amount in my wallet. Forgetting about those for at least 10 years.
664  Economy / Economics / Re: Mining coins save or sell it? on: December 22, 2015, 08:36:48 AM
It is better to save 60% of your bitcoin and spend the rest. After you spend it, buy it back to make the bitcoin circulate.
absolutely zero incentive to sell and rebuy it though, assuming you mean to trade it on an exchange, you would lose out one hundred percent of the time from the trading fees on the exchange. spend it if you want to, buy it if you need to.

That's correct. Never can be trusted in trading bitcoin. No one can predict how would go the price of bitcoin in time. Can happen with the same probability whether the up and ump and whether only the increase of price and the remaining of it in that point in which is arrived. That does it mean that hoping a sure (or almost sure) trade with the aim to increase the amount of the coins sold in a certain moment may bring in the lose of all the bitcoins sold. Cannot be never predicted the price of bitcoin. Period.
665  Bitcoin / Bitcoin Discussion / Re: English Bitcoin lectures in Israel on: December 21, 2015, 05:28:53 PM
As you may know, Israel has a very active Bitcoin community. One of its biggest hubs is the Meetup group, holding various events including biweekly lectures. Most of the content is in Hebrew, however occasionally we host a lecture in English. This thread will share videos of these lectures.

Special guest lectures:
Quantum Computing and Bitcoin (Vitalik Buterin, November 2013)
Fungibility, Privacy & Identity (Adam Back, February 2014)
Politics and the Bitcoin Protocol (Peter Todd, May 2014)
Tel Aviv Special Bitcoin Meetup July 2014 (lectures by Jack Liao and Marco Krohn)

English lectures by Israelis:
TechAviv Founders Club Dec 2013: The Bitcoin Revolution
Zerocash (Eli Ben-Sasson, April 2014)
Bitcoin vs. Quantum Money (Or Sattath, August 2014)
IOTAFEST Day 2 - Bitcoin track (May 2015) - 4 sessions. One of them in Hebrew, you can skip with the time markers.
What Bitcoin Private Keys say to Each Other (Nicolas T. Courtois, October 2015)

Israel Bitcoin Think Tank:
Bitcoin Israel Think Tank - Episode 1 (Meni Rosenfeld, Vitalik Buterin, Ron Gross, Dominik Weil and Eli Sklar)


As always the seen of such kind of news make happy every lover of bitcoin. And seeing the names who participate in such meetings can be told for sure that Israel don't disappoint its bitcoiners. The future of bitcoin and its development. And as always Israel is at the top of interested people about the new and the innovative things. Big people with big story and big personalities. If I would be a racist would tell for sure: chosen people.  Wink
666  Economy / Gambling discussion / Re: Can gambling be profitable in long term ? on: December 21, 2015, 02:01:00 PM
For some people is profitable, because is ther job so yeah.
But better just work and earn your money that way.

From whom do you know you that? Cannot be never someone who can earn from gambling as make the people who work. The word "work" have nothing to do with gambling. Is the totally opposite of the first. Who work earn money. Who gamble lose money. Both action are sure and are so without doubt. The work make people to live their life in a healthy way. The gamble ruin the life of the gambler, of his family and even more. The good cannot be never bad. The white cannot be never black. And the gamble cannot be never work.
667  Economy / Gambling discussion / Re: Everyone looses in the long run on: December 21, 2015, 01:54:45 PM
House will always have the most profits, doesn't matter how much you win. In the end you will lose more than you win.
Unless you're some kind of pro gambler and now all the strategies to keep on winning.

Have you meet in your life only one of that kind of "pro gamblers"? Have you seen in your life only one of that kind of species? Or you have seen them only on the Hollywood movies. I bet that is only the second option. Because cannot be "pro" someone in something when the word "pro" have no meaning. To be "pro" mean to be professional. How can be possible to be professional in something who want only LUCK and nothing else? Except some rare games played face to face or only with your own which maybe have to do a little with some knowledge or psychology (but that have nothing to do with the being or naming the players as "pro") all the other kind of gambling at casinos or in online gambling sites want only LUCK. That doesn't mean at all that someone of them named above, independently in which of groups is classified, including here all the other possible gamblers of every kind, are immune from the lose for sure in long term. The latest named end is inevitable for everyone who gamble. For to many reasons. To name some, addiction and proud to be invincible firsts and then the satisfaction that is proven in lose money or the desire to be within a casino only to be here and to feel part of the world of gambling - and then spent there all your money.
668  Other / Off-topic / Re: Do you actively spend your bitcoins? on: December 21, 2015, 09:57:23 AM
I spent a lot of coins before, and now I am regretting for the same.  Undecided
Never knew price would be back to $500. Sad

You will regret every year more. Haven't you heard never about the possibility that the price of bitcoin is waited to arrive in amounts unimaginable in our times? Even this cannot be verified for sure might be verified hopefully the half of that price or the half of the half of that unimaginable price. And yet it will be enormous.

Anyhow you are yet in time. Buy amounts of bitcoin when you can and accumulate those again. The best of bitcoin is yet to arrive. And a taste of it will be hopefully the next week after the end of July.
669  Economy / Economics / Re: Minimum limit for buying BTC on: December 21, 2015, 08:43:45 AM
Do you ppl have some kinda minimum limit for buying bitcoins? I mean for currency.

That depends totally by exchanges (owners of exchanges) and the time in which is wanted to be bought bitcoin. Or better mainly from the price of bitcoin. Because even the owners/managers of exchanges have their logic in the creation of their policies regarding such things. If the price of bitcoin is high the amount is little. More go high the price of bitcoin more little became the minimum allowed to buy/sell/change it. And the same logic if the price decrease. But in the opposite direction.
670  Economy / Economics / Re: How many BTC will make you a fiat millionaire in 5 years? on: December 21, 2015, 08:34:40 AM
How many BTC will make you a fiat millionaire ($) in 5 years? Why?

This is a question which on itself have a value one million us dollar if founded. Because is like to find something than cannot be found. So if someone is able to find something that cannot be found that mean that him is God or an unknown being. Being God a "kind" that cannot be meets the remaining one who can found something that cannot be found is the unknown being. This being, being unknown, is very hard to be contacted but if the OP is ready to give me a reward I can try to find it (but without giving the word that will do this for sure). If found he for sure will give an exact answer about the exact amount of bitcoin needed to make millionaire someone but most of all will give undeniable facts about the why of this amount. Facts that no one in this world can give. Even if jump all the day (or even the week) only with one feet.

As a conclusion: Why make threads in which everyone can tell every kind of stupid thoughts that want regarding the main post? Where is the value of this kind of threads? What new things offer this kind of threads to them who read those?
671  Economy / Economics / Re: 1milion € from Btc? on: December 21, 2015, 08:14:53 AM
Guys, where is best place to get 1 milion € out from BTC?
I need money inside europe!
Is kraken better then bitstamp? Or any other better?

You cannot have in any place 1 million euro from your bitcoin (if you have those). Any exchange cannot offer such amount with the same price. You can change those gradually and various exchanges without creating a big dump of price and don't having in such way even your million.

All those will make you feel sad after wake up from your bed when you have wondered such dream. Because in the wonder you felt yourself as a king with all that wealth in your money. While after the sleep you find yourself with only with possibility to open this thread with you fantastic post.

Anyhow wait because someone will give for sure your wanted answer.  Wink
672  Economy / Speculation / Re: Bitcoin Value 2016 on: December 21, 2015, 08:00:51 AM
DEFINITION of 'Resistance (Resistance Level)' A chart point or range that caps an increase in the level of a stock, index or commodity  over a period of time.

The numbers on the poll are in comparison to 1 BTC to USD.

Lets see what the polls give us BTC


It is funny to play such kind of games but I think that these games can be much more successful is can be rewarded with something. If the OP will make a promise about a possible reward in bitcoin for that person who will be more near of the truth and will formulate otherwise (with much more choices) his "rebus" I bet that can be much more people and hundred of argumentations about the why and the what of everyone's choice (which must be declared on this post). And then if can be more than one person who can win (will be for sure) make a draw and the winner of draw have even the entire  the reward. More the reward is big, more longer will be this thread and more frenetic will be the participation on it. There will be named as the thread of the year.
673  Other / Off-topic / Re: How many drug dealers are using Bitcoin in this room? on: December 21, 2015, 06:42:54 AM
I need to know. (Not that I wanna buy drugs). I'm doing a personal survey.

Strange curiosity, strange case study and strange request. It would be the same to ask a community that who for them is a criminal or delinquent. Who bet who maximum can be only one or two who will answered positively and only for fun?

Following the told above lets suppose that will be some people who will admit that. Who or what can prove that for sure are such? It will be so easy to admit a priori that they are not comedians?
674  Bitcoin / Bitcoin Discussion / Re: [POLL] Do you prefer your money to be in cash or bitcoins? on: December 21, 2015, 06:33:44 AM
The price of bitcoin is regularly fluctuating, so you might get $100 worth of bitcoins now, $50 or $200 worth of bitcoins tomorrow, who knows? So, do you prefer a currency that is more stable, like cash (USD, EUR...), or do you treat bitcoins as a currency, for investment to let it grow?

State why you prefer your option. Smiley

The most simple thing which can be do is to diversifying. Some money in cash (normally the amount needed to be spent and some other as a reserve for unforeseen situations) and the other one in bitcoin in order to be ready for the big day when the price of bitcoin will be 10 000 us dollar each. If are not enough money to realize the above told then must invent choices. Everyone has theirs. Me will have mine. Depending form the money which will have, the needs, and the other possible factors which must be made in consideration (if any) will make my decision. But always will want to diversifying if it will be even the most little possibility to do this.
675  Economy / Economics / Re: Why isn't Bitcoin mentioned on this particular Wikipedia page? on: December 21, 2015, 06:04:51 AM
This page: https://en.wikipedia.org/wiki/Triffin_dilemma

Reason: http://www.coindesk.com/bitcoin-triffin-dilemma/

Quote
Can Bitcoin Solve the Triffin Dilemma?

The Triffin Dilemma, where countries issuing reserve currencies attempt to simultaneously manage national savings levels with necessary international liquidity, continues to act as a barrier to economic growth. However, could it be that the introduction of bitcoin brings forth a viable solution to the Triffin Dilemma?

If we assume that the prerequisites for a currency capable of solving the Triffin dilemma were to provide the following, it may be possible to argue that bitcoin is the perfect fit.

   1. Stable value
   2. Rule-based issuance
   3. Manageable supply schedule

Never cannot be bitcoin the solution of this kind of problem.

First because is far away of being stable in value. And who knows if it will be some day in that measure asked by being reserve currency. This is because bitcoin have no owner to take care about it and to contribute on its stability managing it as is made with every normal centralized currency actually by the Central Bank which issued each of those.

Indirectly the last sentence bring in light even the second point of my written: the incapacity for no one to manage bitcoin. Being decentralized as a currency, bitcoin is totally free and act only according to its "mind". Its supply might be fixed and as such, known, but this doesn't mean that can be managed as it is needed for the economy. In different times may have need for more reserves or more need in the market than the value of this kind of reserve. With every kind of centralized other money is easy to realize that because its supply is not fixed and can be re sized. So can fulfill all the needs in every moment will be need according exactly to this need. With bitcoin is impossible. Cannot be produced in time and during the time over the quantity predefined from Satoshi.
676  Bitcoin / Bitcoin Discussion / Re: Why even use BitCoins? (read the post!) on: December 21, 2015, 05:34:16 AM
I don't get it, now that I investigated and read much more about BitCoins and altcoins.

BitCoins are not secure, not private, not anonymous and to use them - you need extra effort.

Payments made through debit/credit cards are instant and most people keep their money in the bank (in fact, most workplaces choose to pay money only to your bank account now). That said, to use Bitcoin you'd have to buy BitCoins, which creates extra effort. Why do that? I don't get it!

Basically you have a choice: a) just pay instantly using your debit/credit card, or b) pay using BitCoins after wasting some of your time.

I always thought BitCoin was about privacy and anonymity, but clearly it isn't (just read the news...), so that argument goes straight outta window. Other than that, I see zero advantages, and considering what I just said - far as I understand it right now - BitCoin is a completely useless idea, unless we ditch it and start using one of the truly private and anonymous coins, which isn't gonna happen and is irrelevant to this discussion anyway.

So, am I missing something? Am I misunderstanding something? What's up with BitCoins when it comes to buying stuff? The more research I do about it, the less sense it makes to use it.

I'm not posting this to get on someone's nerves, I'm posting it because I want to understand. So don't get all personal and defensive and value-oriented here, I'm looking for facts. Thanks.

I'm talking only about paying using BitCoins. E.g. buying a monitor or a book or headphones using BitCoins instead of a credit/debit card. It's not about being a merchant or selling/buying illegal stuff on .onion sites, nor is it about using altcoins.

Note by which I seek to quench one potential argument: if you buy something and want to get it at some point in your life - you have to enter your name and address.

First I am not using bitcoin as you mean but only as an investment. So I am using it to have more bitcoin, to make other investments which can be made with bitcoin and then I am using it as an investment not using it but holding in my wallet (because I hope that its price will go high in the future).

Then second your meaning in the post is why all this attention for bitcoin because he is not better than other tools of the same family. So have no any kind of superiority regarding the other ways of payment. Maybe is so now that it has began to became regulated and legalized. But was not so when bitcoin was firstly introduced at the market. And it is not so for all that people who use it at the Dark Web. And according to some media this market represents about 80-90% of all the volume of the bitcoin market. So here where comes most of the volume of it.

Third, according to me bitcoin may have today the specifies told by you at your main post but you must not forget that is an invention (first successful materialization) of the disruptive technology peer to peer. This technology will change the future everyday life of the human kind radically. And this product, as such, will have an important place in it. At least this is the prevision. The market seems that give reason to all that. Even after big falls(not for its faults) bitcoin is reestablished day by day more.
677  Economy / Economics / Re: Ask Bitcointalk: Name some good economics books. on: December 20, 2015, 01:39:22 PM
We're after some good recommendations for economics related books. Anything considered, leave a short review if you have read it.

You will find much more various things and will find much more easy to learn the things you want to know if do a search in internet and find such stuffs about economics. There are to much. A single book normally is product or follower of only one schools of economics. But are to many. You will find all those only in internet. The same like be in several books. Explained in the needed way by the people which are followers or developers of these. While one book give normally as good thoughts only those of the school that the author of book follow and will find critics about all the other school of thoughts. So if take knowledge from internet you will be able to see everything else out of that only book (whatever can be) with your eyes and with your mind and not with that of the author of the book (whatever can be). Or better even with the eyes and the mind of every author. And will be (can be) you yourself to like or choose what seems more convincent. Wikipedia for example is a good source. But it is only one and (with much probability) might not be enough.

Then don't forget: a book is hard to be understand. It is not so in internet.
678  Bitcoin / Bitcoin Discussion / Re: Bitcoin becoming centrally planned: Communist on: December 20, 2015, 01:06:21 PM
So is this really the path we are going to take? Bitcoin is being constantly developed by the developers. They hold the development sceptre in their hands and push everything down the throat of a bitcoin user, with the consensus of the miners (who on most part look only for their own interests).

Yes bitcoin is unfortunately becoming centrally planned, communist, and identical to a central bank fiat currency system. Even if bitcoin is not a fiat money, because the develpment holds the power to steer bitcoin in the wrong way, we should be careful how much power we give to the developers. We have now 5 year plans and 10 year plans for bitcoin? That's like soviet central planning isnt it.


It's easy to abuse power, bitcoiners should know that more than anybody, yet we give full power to developers?

Consensus or not, I feel they hold too much power , and bitcoin could be steered towards a dark path.


How much more development does bitcoin really need? When it will be over? Or it will be forever developed and the developers will become the Gods of bitcoin?

If this hole isnt closed then it will have big blowbacks later because anybody can just manipulate and corrupt the developers.

Next step: Governments will take over or "regulate" the development process of bitcoin, and game over. Bitcoin is gone as an independent currency.

I think that there is a little more than needed imagination here. As for me developers are an irreplaceable piece of bitcoin. If even only one developer will have something to ad to bitcoin there will be need for him and he must be respected not as a God but as an important person who is doing something very important: is doing bitcoin a better product.

As for the centralization of bitcoin no one and nothing cannot realize it even will have desire. No one can control bitcoin. Whatever can do. Even the owners of pools that have much more power and possibility to realize such "wonder" cannot do this. For the simple reason that in the moment that all those who are in market agree to make common policies (mean centralized policies) like the 5 years plans (the 10 ones I haven't proved because in my country existed only the 5 years ones before the '90) of Soviet Union to manage bitcoin, there can be created tens of other pools owners that will make again their policies and not those of the first group. So no centralization.

As for the power of developers I don't think that cannot become any risk from them. It is out of mind that 5 or 10 or 15 people work to own bitcoin. Is out of mind this thing. About 15 million of bitcoin are already produced and are out of their hands. So remain to be produced only 6 million. And all those during more than 100 years. Even they will have the possibility to live other 100 years and own it, this amount is not enough to make them controller of bitcoin. Is less than 50% of the amount in circulation. To control bitcoin mean to be able to control its amount in circulation, its price at the market and first of all to be able to produce it as you want. All the previous are totally impossible to be realized by not 5 or 10 or 15 people but by no one.

The fear of OP seems not justifiable.  Cheesy
679  Economy / Gambling discussion / Re: If you are going to gamble to make money, Please just kill your self . on: December 19, 2015, 04:32:32 PM
Well, some people can make a living out of it and made it their job to gamble.

To me gambling is just a hobby and for fun and should stay fun. I only play with some money that I can afford to lose. If I lose what I came with then I'm out.

Them, if exist are only 5 or 10 and soon or later will become like all the remaining people who leave all the money for the owners of the casinos. And are not never from those who play at the electronic games or gambling or in online sites. Are between those who play with real people. But as i told above one day will became like all the others. Because will be another more capable than them and will take all their money. Because them (the firsts) will not accept never that someone can be more able than them. They are the kings of the world and cannot easy the scepter of the firsts> And this their conviction will make them to leave all the profits have in time. So the conclusion is: EVERYONE in long term lose in gambling. EVERYONE.
680  Economy / Speculation / Re: Will BTC reach $500 during december? on: December 19, 2015, 04:25:10 PM
Remain only ten days before the end of this year and this thread is becoming interesting. I don't believe never in every kind of prediction make about the future price of bitcoin simply because have no base. No one can find data to study and which make him t give some credible price. Bitcoin is with no owner and as such with no one who can take care of it or who can mange it. So go like he want. But playing sometimes with its price don't hurt no one. For this I find interesting this thread. So I'm playing even me. The OP is near the truth but according to me will not achieve it. Bitcoin, with much probability, will not go over 460-470 us dollar one and exist the possibility even to go again down. For the celebration people spend money and may be possible that even them who hold bitcoin sell some of those in order to have some other money to spend. Maybe they will use bitcoin to buy, avoiding in this way its change, but first even this action increase the risk of going dawn as price because will be the merchant who will receive bitcoin who, with big probability, will sell it, and second, the penetration of bitcoin at the merchants is very weak. So have more probability to be changed than to be used.
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