Bitcoin Forum
June 07, 2024, 10:03:48 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 [333] 334 335 336 337 338 339 340 341 »
6641  Economy / Economics / Re: Technological unemployment is (almost) here on: August 08, 2014, 05:23:17 PM

This did not pass.

Imagine you have a business then you need labor. But your business is economically profitable only for labor at 1000 CHF.
How do you find your labor when unconditional income is coming ?
And labor worth 1000CHF will just stop working because not economically profitable.

Unconditional money is killing the definition of money.
Money is the device into which you store your effort.
If unconditional, then money will store the effort of someone else. And you'll grant your right to use someone's else effort for your own benefit. You are a looter.
If money store no effort, then it will stop being valuable, since you'll not be able to trade it anymore.

I know they did not pass, just pointed that such idea is being seriously considered.

Quote
Imagine you have a business then you need labor. But your business is economically profitable only for labor at 1000 CHF.

What if minimum wage is 1001 CHF? Or better yet, what if unemployment benefit is 800 or 900? Who would work if he/she could do nothing for only 100 - 200 CHF less? It's more likely you'll find someone who would like to earn additional 1000 on top of his UI.

The UI idea can be just the extension of the benefit system, it could simplify things and, in effect reduce the administration costs.


But to be clear, I'm only in favour of UI idea in the context of technological problem becoming real issue. In the 'normal' conditions (when enough work is available) I'm 100% against it.
6642  Economy / Economics / Re: Technological unemployment is (almost) here on: August 08, 2014, 03:08:54 PM
3D printers will be key. When 3D printers are affordable and everyone and their mother has one and they just can download open source free printeable materials ranging from simple figures to complex machines and assemble them, the industry will collapse since most of it will be do-it-yourself, there's no monterary system that can survive when technology goes this far. Deal with it.

I see much more 'damage' coming from things like self-operating cars, or advancing in software that could replace (or massively reduce) customer service staff.

Technological unemployment is a real thing, simply there may be nowhere to go for the human labour. And if any new markets emerge, these too will likely be massively automated. The current technology is already advanced enough to replace quite significant % of man labour, it just hasn't been implemented yet.

Some sort of unconditional income is a way better idea than centrally planned economy.

Looks like Switzerland is heading that way:

http://www.reuters.com/article/2013/10/04/us-swiss-pay-idUSBRE9930O620131004
6643  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [SPC][PoF] SaveCoin | Proof of Fund Coin | 64% Interest Annually / 0.137% Daily on: August 08, 2014, 01:57:52 PM
It says it is synced.  I do see the address in the payment history.  But now I see that the wallet has no active connections.  Maybe the nodes I have listed are outdated.  What should I be using?

Haven't use my wallet in a while, as I'm holding on exchange. Maybe someone else would be able to help you with this. You can always try re-opening your wallet (if you haven't already done so), it often helps.

There's also this post from the front page, not sure is it up to date:

node?


You shouldn't need to use the Addnode parameter, but if you do, add 185.47.61.138  Smiley

Good news is you will get your interest sooner or later.
6644  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [SPC][PoF] SaveCoin | Proof of Fund Coin | 64% Interest Annually / 0.137% Daily on: August 08, 2014, 01:28:57 PM
I am using the SaveCoin core wallet, version 1

Is it synced? You've got active connections?

Search your address in the payment history, it shows that the last interest payment was made today:

http://savecoin.co/paymenthistory.txt
6645  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [SPC][PoF] SaveCoin | Proof of Fund Coin | 64% Interest Annually / 0.137% Daily on: August 08, 2014, 01:01:37 PM
I was online watching bittrex as the transactions happened. SPC market was not offline at that time. It looks like someone bought up a bunch of savecoin and sold it to the victim account at a much higher price a few minutes later. .15 btc per save coin??? come on, no way that would be legit.

They probably had their 41 btc "fund" on bittrex for trading. Whether this is a scam or they really fell victim to a dishonest fund "manager" is anyones guess, but this has happened a few days ago with Mycoin. Since BTC withdrawal needs confirmation, you buy up a lot of cheap coins with another account and sell them back to the victim account at a much higher price, then withdraw the BTC, or buy something else that can be anonymized and withdraw that.

That make sense. Otherwise why would anyone use stolen (?) BTC to buy SPC at such high price.

I haven't received any interest payments since August 4th and can't seem to find any reason for it.  Have the interest payments stopped?

Works fine for me. Are you holding on exchange account or wallet?

Edit: wrong quote corrected
6646  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [SPC][PoF] SaveCoin | Proof of Fund Coin | 64% Interest Annually / 0.137% Daily on: August 07, 2014, 08:48:03 PM

Still fishy, wait to see what Bittrex has to say. Reading Be A Crypto Whales post, looks like they handed over the funds to @BitcoinPhilip & don't see how that's a hack. Very fishy, hard to believe anything revolving around crypto anymore without some kind of proof. People can say this & that, but it all comes down to hard evidence on what really happen. Now trading @ Bittrex when it clearly shows it's not active anymore, that is the real question I would like to know.[/center]

Agree, that's not a hack, they put some anonymous guy in control of their funds. No comment needed. Anyway it's their problem.
What I don't get is why SPC market is disabled on Bittrex:



Is it just because of unusual activity? Wasn't SPC meant to be delisted on 1 Aug?
6647  Bitcoin / Bitcoin Discussion / Re: New famous satoshi words... on: August 06, 2014, 09:35:14 PM
OK, for those who don't know, the pictured gentleman is Chancellor George Osbourne (took me a while to figure it out).

It's got nice media coverage:

http://www.telegraph.co.uk/finance/currency/11014508/George-Osborne-embraces-Bitcoin-as-London-aims-to-be-centre-of-global-financial-technology-revolution.html

http://www.bbc.co.uk/news/uk-28670414

That looks like a great news at first. But don't think it's very likely that UK will create a friendly BTC environment if US is gonna go the other way (of over-regulating, see Lawsky's proposal).
6648  Economy / Services / Re: Pocket Rockets Casino | Signature Advertising Campaign |Featuring Weekly Payouts on: August 06, 2014, 09:23:30 AM
on the date of payment will begin the second week?

Not necessarily:

Quote
-payouts weekly on Sunday from now on (allow up to 48h if I'm busy)

Since the payment date is set to Sun, that means week ends on Sat, so the next week will start on Sun. And since it may be 48 hours to process payments, you may get paid on Mon.
6649  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.7 Available on: August 05, 2014, 12:07:15 PM

My understanding is that it could have been changed but would have left the coin insecure, with AuxPow that has changed, or?
On the surface it does not seem be extraordinary difficult to change the final 10k block reward to 5k, 1k or whatever number.

This would be a perfect time. Since  AuxPow and block reward reduction require hard fork, both could be done in one go.
1k reward for the final block reward would be best (+ reduction of current reward).
6650  Economy / Gambling / Re: DICE, Poker, Blackjack - INSTANT WITHDRAWALS - INVEST - PocketRocketsCasino.eu on: August 04, 2014, 07:52:46 PM

Is the limit per bet, per user, per event?


I hope it's all of them. ie everyone can bet max 0.2 on Liverpool, but if total bets for Liverpool reach say 2 BTC then event gets locked. And user cannot bet twice on the same event.

Purpose of both user and bet limits would be just to give more people a chance to bet on the said event, but limit per event would have the key importance to prevent/neutralise divesting right before end.

Hope to get this answered tho.
6651  Economy / Gambling / Re: DICE, Poker, Blackjack - INSTANT WITHDRAWALS - INVEST - PocketRocketsCasino.eu on: August 04, 2014, 07:29:25 PM
How do you deal with sports bets in general? At which point are site losses distributed to investor balances? If I know uv has a big bet on Liverpool winning, and I see at half-time they're 5-0 up, can I divest and leave the other investors to pay him out?

At the time each market is graded. Usually right after a match.
You could divest like that if you wanted, people done it during the world cup but ended up losing out as there was money on the other markets in the game like hadicap, over / under etc.


Good point. That's not an issue as long as bet limits remain reasonably small.

Any chance for a combination bets?

Also, would be a good idea to clarify what happens when the game is postponed (by an hour, or day, or week?) or interrupted. Would the bet be canceled?
6652  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.7 Available on: August 04, 2014, 03:09:25 PM

It's not the devs job to create interest for speculators through shiny new technology, their job is to secure the coin and this is a very good solution towards that goal.

100% agree, no one said the whole AuxPow transition is to increase the price, it's all about adding security and stability.

Dogecoin is already mined mostly by multipools anyway, so there won't be much more dumping. Plus, this will be balanced by the dogecoin miners who will sell their LTC for doges.

... and counter-balanced by LTC miners who will sell their DOGE for LTC (?)
6653  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [SPC][PoF] SaveCoin | Proof of Fund Coin | 64% Interest Annually / 0.137% Daily on: August 03, 2014, 08:31:56 PM
WTF is wrong with Bittrex, they still have this info:

"This market is in danger of de-listing due to low trade volume and lack of user interest. It may be removed on Aug 1st unless the average trade volume for the last 7 days exceeds 0.1 BTC"

It's 3rd Aug today, they clearly haven't delisted SPC, so why the hell it's still there?

I truly don't like this exchange...
6654  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.7 Available on: August 03, 2014, 05:21:25 PM
Today marks an important day in the history of Dogecoin. We are here to announce that we will enable the Dogecoin blockchain to accept auxiliary proof of work from other Scrypt chains.  
As you all know, we've been looking into a lot of options. AuxPoW has been on the table for quite some time now and has been recently again discussed at length.  

We have also discussed many other options, some of them which are still highly theoretical, or just deemed to be in Alpha state. We didn't see them as viable for that exact reason. AuxPoW has been around in the crypto space for quite a while now. Our topmost priority has always been to provide a stable platform for the currency and its services and of course its users. We hope that with AuxPoW we can achieve that in a better way than what it currently is like. Our hashrate has been on a decline and we hope that we can gain more of it with the acceptance of proof of work from other chains.  

Yes, this does mean that we are going to fork. The exact switchover is yet to be determined but will happen sooner than later. This post is here to announce it early enough for everyone to prepare for the update. The code is currently in the late testing stage and we are working on ironing out the last small issues.  

We will also push a new branch to the [Github repo](https://github.com/dogecoin/dogecoin) called `1.8-dev` which has the AuxPoW switch on the testnet set for block 158,100 (Tomorrow 6:30 GMT). The updated branch will be available later today, so keep an eye on the repo if you're interested. This will be done to help pool operators test the mining on the AuxPoW enabled chain in preperation of the switch on the main chain. If you know how to compile the client, then you can certainly help us by trying it out and even mine a bit with a few KH on the testnet. What you need to know, if you already have the testnet chain synced, is to start the client with `-reindex` the first time you run 1.8. This should be automated for the final so the transition will be as smooth as possible.

What this does not mean is that we're tying us to Litecoin. What we do is accepting Proof of Work from their miners if they happen to hit our difficulty target. But that is technical background stuff, which was explained several times before here. On that note, and I'm no economist, I also don't see that have any negative effect on the price, considering the amount of "dumped" coins would probably not change. Also, you as miners are not forced to mine Litecoin to get Dogecoin now. You can still mine at your current pools directly to the Dogecoin network.  

The Android wallet and Multidoge will receive an update if needed. I'll have to dig into this now Wink

Please stay tuned for any updates. We'll be pushing them through all the channels. Thanks everyone for their continued support!  

-langer_hans

More on reddit here: http://www.reddit.com/r/dogecoin/comments/2ci90m/dogecoin_to_enable_auxpow_soon_all_infos_inside/

That sounds like a good news. But can anyone clarify, does it mean that Doge will be merge-minable?
I understand that you can still mine Doge/LTC directly, but if the pool enables AuxPow is it possible to mine both at the same time?
6655  Economy / Trading Discussion / Re: Looking to start a Bitcoin-based investment, need advice on: August 03, 2014, 12:07:19 PM

To complement your post, ISIS kill Shia's, Iran is the only Shia government in the world.

Didn't know that. You learn something new everyday.

But back on the subject:

Nothing banned or allowed here yet. The government hasn't even noticed the movement. The idea of the exchange has been going through my mind. The problem here is that every exchange needs a constant flow of both currencies to be able to exchange. Even if lots of people use BTC to buy embargoed goods here, the exchange has to have a flow of BTC coming in. As there is no ecosystem of mining here, I don't know if thats even possible.

Bitcoin in this country is not recognized yet, I wonder what should I do first to promote.

If it's not banned then it's allowed. But to be on the safe side, always enquire with the relevant authorities and do everything in full compliance with the law.

Off course low BTC inflow to Iran is a problem. But you can start small, and hope for a steady, organic growth. There are other ways to get BTC other than mining/buying with USD. You can provide services over the internet such as web/graphic design, coding etc in exchange for BTC, you can participate in signature campaigns, or get BTC through Iranian international students/relatives.

Lack of awareness is big issue. But you can spread the word on the popular forums and see how it goes. You can create Iranian sub forum on bitcointalk. If you could get at least 1000 people into bitcoin and get them together, that would be a solid starting point.

The biggest issue imho are the regulations, if BTC gains in popularity in Iran, the government can see it as a threat to local currency and ban it overnight.

Anyway, best of luck.
6656  Economy / Trading Discussion / Re: Looking to start a Bitcoin-based investment, need advice on: August 03, 2014, 09:45:12 AM

Then again one could counter argue that the transfer between individuals could go unprecedented to boycott sanctions and to fund such groups as ISIS but if in the end it needs to go to an exchange it raises some interesting legal questions.


Let's not make this thread turn into discussion on "who's the real terrorist", but let's get this straight. Iran does not support ISIS. ISIS fights with Syria, Syria (pres. al-Assad) get political/military support from Iran. So if anything Iran fights ISIS.

ISIS is basically formed from rebels fighting al-Asaad in Syria, who initially got political support from USA and financial support from "Muslim Brotherhood" particularly Kuwait and Saudi Arabia (are those countries under any sanctions for supporting terrorism?).

http://www.bbc.co.uk/news/world-middle-east-24179084

Quote
The US said the fall of Iraq's second city posed a threat to the entire region. It may also have made ISIS the most cash-rich militant group in the world.

Initially, the group relied on donations from wealthy individuals in Gulf Arab states, particularly Kuwait and Saudi Arabia, who supported its fight against President Bashar al-Assad.

Today, IS is said to earn significant amounts from the oil fields it controls in eastern Syria, reportedly selling some of the supply back to the Syrian government. It is also believed to have been selling looted antiquities from historical sites.
6657  Economy / Trading Discussion / Re: Looking to start a Bitcoin-based investment, need advice on: August 02, 2014, 08:46:08 PM

Very good point, but the fluctuations in IRR/USD are not as high as %20. Here is a good chart http://www.xe.com/currencycharts/?from=USD&to=IRR&view=1Y. There is a sharp price increase during the Ahmadinejad presidency, but other than that it seems fairly stable.


If you cannot freely exchange IRR/USD then the chart you linked may not be very helpful. The basic formula would be:
Iranian bank interest % - estimated inflation % = X. If X is noticeably higher than the interest % offered by US/European banks, then it can be profitable.

But then you have a legal aspect, both investor and you would be breaking a law (and it's not even because of the embargo). Then you have the aspect of trust...

Plus, how are you going to convert BTC to IRR and back, if according to you:

Also there is no BTC/IRR here.

So nope, it's not a good investment idea.

What's the Iran stance on bitcoin and cryptos? Have they forbidden it? If not, maybe you could try your luck and set up the first BTC/IRR exchange?


If you were to do this then you would be essentially be funding terrorism.

I assume you're joking, right?
6658  Economy / Gambling / Re: DICE, Poker, Blackjack - INSTANT WITHDRAWALS - INVEST - PocketRocketsCasino.eu on: August 02, 2014, 05:29:48 PM
A little bug report.

In firefox (31.0) this keeps popping out:




Also, the only option to switch to other games (poker, blackjack, sports) is the tiny black button that only says "blackjack" (red circled). You should list all the options on home page and make them visible, as some new people may not even be aware that you offer more than just a dice game. 
6659  Economy / Trading Discussion / Re: Looking to start a Bitcoin-based investment, need advice on: August 02, 2014, 04:05:38 PM
Hello,

As a fact the banking interest rate is different between countries. For example in the country I live in, Iran, the banking profit rate is as high as 20% profit a year. If you deposit $100 in your account, you will have $120 at the end of the year (see http://en.wikipedia.org/wiki/Banking_and_insurance_in_Iran#Rates). This is a result of high loan interest rates and inflation in our country. As another fact, people in other countries don't have access to Iranian banks, as they are embargoed. Also Iranian banks only open bank accounts for Iranian residents.

First of all, do Iranian banks allow to deposit in USD? If so, will the interest rate still be at 20%? I highly doubt it.

If you intend to convert $100 into Iranian rial and deposit rial in the bank for 1 year with 20% interest, assuming the inflation is also at 20%, after 1 year you'd still have only $100.

If the inflation is a bit lower, say 16%, that's still only 4% gain (excluding effect of USD inflation). So doesn't make much sense really.
6660  Alternate cryptocurrencies / Altcoin Discussion / Re: Will dogecoin become like Bitcoin? on: August 02, 2014, 09:22:53 AM
So the question is simple will Dogecoin come to a stage like BTC has does? 600$ mark? Or even 100$  mark? What is the main difference in these coins?

That's a flawed logic. Due to the huge differences in supply, DOGE doesn't need to reach $600 mark. If 1 DOGE is $0.087 it would exceed the market cap of BTC ($7.7 billion).
Pages: « 1 ... 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 [333] 334 335 336 337 338 339 340 341 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!