and then go speak to a lawyer about the validity of a marriage contract that is not state approved (not on their special paper)
We're not interested in the state's interpretation of the validity of our contract, but I'll be happy to take a look at lifeonbitcoin.com. Seriously.... you should at least see to it that your marriage is officially recognized by at least one jurisdiction that your government and locals will see as somehow valid and official. Or see a lawyer about other options. The concern is about various situations where not having an officially recognized marriage can be extremely inconvenient or troublesome. If you can prove marriage; you have additional legal rights in some situations, such as with kids -- guaranteed right of both parents to act as guardians, pick up kids from school, shared property rights, etc, or if spouse is temporarily incapacitated or in hospital: without proof of marriage/family relationship, or legal documents, there is no authority to direct their care. The blockchain marriage is a cool idea and all, but I would advise you to not take unnecessary risks in giving up legal privileges couples with the legally recognized state documentation ordinarily have. Another issue is that if your marriage is not recognized then you will not be able to reap the tax benefits of marriage |
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The way I see it, if a cloud mining service can make more money mining then what they're charging, then they'd just mine. Having me pay them to mine for me seems like I'm losing out.
If they can sell their GH for BTC and buy more GH for those BTC they might make more money than if they just mine them self. Please provide an example of how that might work. I think you will discover that it only works if the customer loses money. If it cost them .01 BTC to make/buy 10 GH/s worth of mining equipment but can sell that equipment on cex.io for .07 BTC then they just made .06 BTC, they then use that .07 BTC to build/buy 70 GH/s and sell that for .49 BTC, and so on and so forth. The only difference is that the amounts are much greater (I am not sure about the profit margins though). Suppose they can use the equipment to mine 0.08 BTC instead. Then why sell it 0.07 BTC? They make less money. And if they sell it for 0.07 BTC because it can only mine 0.06 BTC, then the customer loses. Example: They buy 1GH of mining power for 1BTC. Instead of waiting for the 1GH to generate 1BTC they sell it for 1.2BTC. Then they use that 1.2BTC to buy another 1.2GH of mining power. They sell that 1.2GH for 1.5BTC. That 1.5BTC they buy another 1.5GH. Now they got 0.5BTC and 1.5GH of mining power. They sell that 1.5GH, buy more GH and it goes on. Hope you understand me. How are they able to buy the GH/s for less then they can sell it for over and over again? Wouldn't they need to wait for the price to move in their favor? |
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the people around the world would never let a foreign country dictate/govern their bitcoin holdings
china's fork will fail without unanimous support by the bitcoin miners/pools
Any government fork would not succeed, but if that government controlled enough of the miners (over 1/2) then it would |
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Let's pretend right know 'everybody' would have or even get the same amount of bitcoins, and all the bitcoins are mined.
What would happen? Some will instantly sell, while others will buy, some will hold, some will spend, and some will lose them.
So within months, there again is an uneven distribution. Which then in time will be considered 'unfair', because some would argue they needed the fiat, did not fully understand Bitcoin, got robbed, etc etc.
What you are suggesting would be "fair" is similar to socialism (everyone getting the same number of bitcoin). To see how this would not work see The tragedy of the commons (this is not a play) http://en.wikipedia.org/wiki/Tragedy_of_the_commonsEDIT: nor is it shakespeare And for a practical example, playing out in the world theater as we speak, for everyone who wants to see, look at Venezuela. Look at the United States. Look at how many people have enrolled in so many social programs since Obama took office. |
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Even if they got 51% of the hashrate they would not necessarily carry out a 51% attack, as doing so would essentially prevent them from every selling their equipment (GH/s again).
That is not the problem. The problem is that for the bitcoin to get to $100,000 per btc, you need to have blind trust in the network. And that includes trusting that there isn't a shred of possibility that there is someone crazy enough to do something stupid. And we know there are a lot of crazy people. Scenario for you: China pays GHASH $1Billion to purchase the pool for the purpose of destroying bitcoin. $1B is nothing to China -- far less that the threat bitcoin poses. You are correct over the long term, but over the short term it is not as much of an issue. If ghash were to receive such a payment they could simply take the payment, announce it and the miners would simply leave. They would still have the payment and the network would be secure |
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God I hate reading anything those two fraternity elitist scumbags have to say. I hate those two silver spoons so much I almost want Bitcoin to fail just so they lose money.
It is not their fault that their parents were rich. What they did with Facebook was questionable but so is what Zuckerburg did |
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Now people are really boring, that guy never posted his own signature to prove that the two addresses.
He said that he did not want to prove anything until he absolutely had to |
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micropayments already cost a fee not proportionate to the payment you want to make.
Forcing another tx fee on the user is like using a credit card now.
Totally defeats the purpose of bitcoin.
It is not quite as bad as a credit card, but it is very close I would not personally use Multibit HD if they charged a fee that is payable to them |
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Why would $ decline when bitcoin rises in value? Do U really think bitcoin makes it go down
Lack of demand = lower value, worth less. People exchanging fiat for bitcoin means they put less value in usd and more in btc...so bitcoin goes up, usd goes down. Once mega money starts cashing in to bitcoin, the usd value will drop more significantly...it's basically people dumping fiat for some other currency. Every time China does it the dollar falls. bitcoin does not have that big of a market cap to make that much of a difference in the price of the dollar. The market cap of bitcoin is well under $10 billion. There are tens of trillions of dollars worth of dollars. true. usd market cap is more than 18.7 trillion. btc is like 8+ billion This is why bitcoin is more appropriate for 3rd world countries. Well you can see it the other way around. It represents such a small percentage that it will most likely be held by the eastern world. It has more potential for 3rd world countries. They would benefit more relatively speaking |
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So what do you guys think? Price drop again - is the bubble bursting before the ralley upwards end of the year? Will we see the 10000$ end of the year??
This is hardly anything. It is very volatile which makes it great for gamblers like us  I would like to see the price of bitcoin stabilize even if it means that the price is a little bit lower. A stable price will allow for more people to adopt it as a currency |
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 Was also my reaction this is neat if I remember right and comes in second place for the Bitcoin news of the day ha-ha Expedia won lol. That said I am glad that Yahoo Finance is taking Bitcoin seriously enough to add its own ticker for it. This comment summed it up “This is literally the best news I’ve had all day, and the day is still young!” said one commenter. “Another nice stamp of approval,” said another. Amazing to think its going by day now this might have been the news of the week a while back and a month before that. And yet the price is going down a little bit : 607$ on Bitstamp atm It looks like a really good time to buy bitcoins The short term price of BTC any investment does not matter, it is the longer term price that can make or break people. BTC being on the yahoo finance page will get more people to get interested in bitcoin and to use it If you get in @ 50 and it goes to 500 you made 1000% but if you got it @ 120 you made 410% If you think it is going way up and you don't want to speculate on the price going lower before buying, you should just buy as soon as you can Doing this can be dangerous as it could be a long time before the price recovers enough for you to turn a profit. |
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Quite a drop over the past 24 hours but a decent rebound.
Makes you wonder what'll happen when they announce they're going to sell the 144k coins
Hence people investing in bitcoin is really no different than gambling. Investing is often a kind of gamble. For examples, in stocks most of the people do not know if they will go up or down in advantage. This is technically true, however if you do your research and put your money in companies/investments that are less likely to fail then this is less like gambling. Any choice we make is not really different than gambling. We choose based on our knowledge and experience and hoping the choice of one outcome is better the choice of another outcome. That is true but the odds are more in your favor |
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MCXNow, Crypsy, BTCT, BTC-E?
I'm conducting a survey to determine the actual profitability of the popular exchanges.
Does anyone have any idea of what the volume is for these exchanges? What these exchanges make weekly or monthly and how we could find out?
you can observe the volume on sites themselves , and on sites like bitcoinwisdom. Judging on the fact that most of the time exchanges have multi-milion traffic, their profit is huge. and not just huge, but large enough that they can influence the price by keeping the profits in bitcoin or selling it for fiat. funny when u think about it. Exchanges likely wish to keep as much money in bitcon as possible as if they pressure the price of bitcoin then trading volume would generally decrease, meaning less profits. Exchanges likely have more expenses then you think. The AML/KYC piece is probably one of their largest, if not their largest expenses. They need to hire people who are familiar with or train them to be familiar with identity documents from pretty much every country in the world. They need to have enough of this staff in order to look at identity documents from each of their customers. Assuming AML/KYC compliance is around 15k USD a month. This is probably less than 1 week of trading fee for the main exchanges. You still need to consider things like DDOS protection, leasing servers, customer service/support and the like |
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I have just allocated some serious money and thinking about investing about $50k on bitcoin. Someone convince me why I should buy $50k worth of bitcoins right now!
If you need random anonymous strangers on the internet to convince you, then you should not invest. This. A public forum is a horrible place to get information when you are trying to determine where to put your money. With that being said I think that bitcoin will succeed over the long term and that the price will increase over the long term. well, to be fair, i could see someone posting some compelling TA charts, or links and explanation of fundamental analysis, and it could be quite useful in fact. this is a new asset class -- and there is not much from the professional sphere that breaks it down for retail investors. Maybe, but I would still not consider this forum to be a good place for information regarding where to put my money. For technical information, yes. But there is just too much of a conflict of interest (most people here hold bitcoin) and there are many scams here. |
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New idea. Deposit $200,000 into US auction of confiscated SR coins. Get as many as you can and hold for dear life! *or diversify If you pegged the auction coins at 550 a piece, the smallest block of 3K, would cost just over half of his 3M. 550 * 3,000 = 1,650,000 Heck, in that case, with the direction bitcoin price is currently heading he just might be able to purchase two of them. Obviously that would wipe out any sort of diversification of his investment, much riskier but potentially that much more lucrative. The terms of the auction is that you must say the maximum price that you are willing to pay and how many you are willing to buy. If he wanted two then he could say he will buy 2 @ 1.5mm each. If he wanted to be sure to get one he could say he would buy 1 @ $1.65mm (and 1 @ 1.35mm if he wanted a chance to get a 2nd one) For the lazy ones : "This auction is for 9 blocks of 3,000 bitcoins (“Series A Blocks”) and 1 block of 2,656.51306529 bitcoins (“Series B Block”)." "1. The eligible bidder who offers the highest price will be the prevailing bidder; 2. If there are multiple bids at the highest price, the first bid received will prevail; and 3. If fewer than all of the Series A blocks are sold to the highest bidder, the remaining blocks will be sold to the successive highest bidders until all blocks are sold." It closes June 30 but we won't have the winners&price immediately, does someone know if the final auction price will be public? This is correct, but it does not make it any easier for the OP to be able to get 2 3k blocks from the auction |
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interesting plan. i was sort of wondering what direction they might go in. despite the fact that it's still immensely popular, it seems clear that the current model is dying. i wonder how this will go.
I think allowing Facebook to control your bitcoin would be reckless my understanding was that this was not about bitcoins at all, but rather about Facebook attempting to break into the remittance market. i doubt they would involve bitcoin, to be honest. Either way it would be too easy for accounts to be hacked (they are already hacked all the time for advertising purposes, can you imagine if there was actual money associated with them) |
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Japan had a long recession but nonetheless was able to maintain a fairly strong and robust economy
They are an example of how to handle a non inflationary market
And also a competitor for Group C in the world Cup
You are saying two contradicting statements. A recession is defined as an economy that is contracting. A strong and robust economy is one that is growing at a healthy pace. In politics, sometimes history, and the current situation, needs to be revised. So now it is: It was bad, now it is good. Look at the stock market. Not now, but when we started abenomics. The current drop is not enough easing. Don't look at exports, imports, consumer prices and salaries. It is good now, especially the hope for the future is good. A nation that hopes, thrives. Trust us. The situation in Japan has been considered bad for a long time and is still considered bad |
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Have purchased/sold ~35GH worth of cloud mining on ghash.io over the past several months and aside from the occassional pool-related issue(s) never had any problems. *Did I earn any real profit? Nope, matter of fact I ended up losing money but it was a valuable learning experience Cloud mining will almost never earn you a profit. Cex has put a stop to this, but you used to be able to buy GH/s then place an order to sell right away, and you would earn whatever it mined until it sold (they now charge a trading fee) Haha, looks like that I'm the exception, since I bought some FHM, and if I sell them now, I actually do profit. You can still trade GH/s for a profit, it is just that the market needs to move in your favor a little bit before doing so |
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this isn't a suprise, really. you can see where transactions are broadcast from, so if sending from your own client, it would appear that your IP address could be narrowed down / linked to you. i've never been concerned, really.
The Point is that a BTC TX can be associated to you via your IP address |
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That sounds like a lot to have earned if you have been CPU mining for two weeks.
No I made that by traiding I've just started mining again I'm going for cry so far it's at 0.00354926 CRY but it's not paid out yet. tha'ts pretty much 0.00000110 btc (nothing) I also paid for some cloud mining it takes 12-24 hrs to start so hopefuly I'l know something on that tomarow If you were to convert that amount to dollars that would work out to way less then one penny.....something to think about before you spend more time |
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