In signature campaign you don't need anything besides btctalk account, no need to invest, nothing to lose. It is like a job.
Mining is like an investment, you need a large sum of money to do it, it's risky too, and even if its profitable, it will take a long time.
Buying cloud hashrate or ASIC is an investment, while joining a sig campaign is like a part-time job.
Not really, if someone was going to be posting here anyway and they happen to get paid for it then it's more like a hobby with perks where the money is a side effect rather than a job. Mining can also be a hobby rather than an investment. This is especially true for those who use USB miners. |
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It seems that Peercoin.net is the official site. Typing Peercoin.org redirects to Localbitcoins.com and typing Peercoin.com redirects to Litecoin.org. Does anyone know why this is the case?
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I'm surprised at the number of people running Windows XP here (myself included). Anyway, mine is a Toshiba Satellite M110. Specs are: 1.6GHz Intel Core Duo T2050, 2GB RAM (upgraded from 1GB), 1TB Hard drive (upgraded from 60GB), 14.1" screen, Intel integrated graphics, Windows XP Home, and all the usual modern laptop stuff (e.g. DVD writer, wifi). EDIT: Here's a picture:  |
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I have a couple hundred NXT on Cryptsy. Should I try to withdraw it or should I just sell it and make a Bter account and buy the same amount and withdraw it from there?
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That site is very good, but even that wouldn't help in some special cases where the launch is extremely obscure. For example, Bytecoin (BCN) which was launched in the deep web. |
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Also, innovations can be built on top of the existing Bitcoin protocol. For example, see Zerocoin and Colored Coins.
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why verification needed to trade with usd?
why verification needed to trade with usd?
I was also going to this question but already posted now waiting for reply from OP about this why verification is must for this I'm not the OP but it seems that most exchanges dealing with USD generally require some sort of verification. Possibly it's something to do with AML/KYC laws but it might also be due to the risk of chargebacks and fraud which doesn't exist when dealing purely with cryptos. |
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Could you tell me more please about that phones that are being sold for $5 ?!
It's these ones:  The right one is a Nokia 100 and the left one is a Samsung phone that has a number of different names - one of them being "Keystone 2". They don't seem to make the old Nokias anymore. You know, the ones with the monochrome screens and Snake game. Just the other day I saw a girl drop her Samsung Galaxy S3/4/5 and the whole screen cracked and broke. My old Nokia is still working despite the fact that I got it when I was still in middle school and it has been dropped (on concrete) a couple of times. It just has some scuff marks on the casing and the battery no longer holds a charge. I wonder if the new Nokia "dumphones" like the one above are as durable as the old ones. |
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(hopeful as a satoshi=1 dollar)
Unless hyperinflation happens, that would be impossible. Assuming Bitcoin replaces fiat entirely, 1 satoshi = 1 cent would be the best case scenario. It seems quite obvious that once mBTC is equal to a dollar bill in value, it will then become natural to discuss bitcoin amounts in mBTC rather than BTC...
...It can be argued that we should have already switched to mBTC by now, but I argue that it does not makes sense to do so until 1 mBTC equals $1. (Dollar because it is the world reserve currency)
As you yourself said, I believe it won't come until at least when mBTC = $1. It just wouldn't be logical.
But... There was a time in Bitcoin's history when 1 mBTC = $1 and people didn't switch to mBTC then. I still think it's a good idea however since the only alternative would be to use decimals with long chains of zeroes which would be rather unpleasant and cumbersome, not to mention error-prone. That would need change in the bitcoin protocol, and all nodes would need to agree. Bitcoin network is something relatively big, so changing things is hard and always with risk of failure. Its almost the same as changing ipv4 to ipv6, something that needs to be done, but there is already a whole system working with the old standard, so its hard to do.
I can only see it happening together with many others major changes, or if BTC price reaches the six digits
It would only require a simple change in the user interface. You could have one wallet that shows balances in mBTC by default and another that shows balances in BTC by default. |
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the funniest part i find is when people make a speach like that.. and then go and sign up to coinbase or bitstamp, which:
ask for personal information at registration
ask for manditory information each time you use the service
which make profit from your withdrawals and fund movements
which hold onto your coins and set withdrawal limts
which keep records on every trade/withdrawal/deposit
which report suspicious activity and all your information to government agencies
so unless your boss signs up his business account to a method to obtain bitcoins himself, to then hand to you. Where you then never use an exchange or a delivery service asking for your home address etc.. your not really achieving much difference..
That's only when you are exchanging fiat for BTC and it is an "icky" step that we will all have to live with until BTC becomes the standard method of payment (unless you mine them directly or get them through LocalBitcoins.com). Once you have the BTC, those restrictions no longer apply. I can envision a future where everything is done via BTC. The company would receive BTC from customers and use this to pay for rent, electricity, and utilities. The boss would then pay his employees with BTC and the employees would use their BTC to pay for their mortgage and groceries. Most coins wouldn't touch an exchange. They would simply be transacted through addresses that each person holds the private key to. |
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Can this be modified to run on SHA256 ASICS? If it's not fully compatible what about splitting the job half ASIC and the rest the video card?
I'd be interested to know this as well. Generating vanity addresses would be a great way to make use of a Block Erupter or any other obsolete SHA-256 miner. |
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I'm guessing these are similar to the Bter Points mentioned in another thread here, but I didn't want to hijack that thread.
I have 0.00636 Cryptsy Points in my account which I could sell for 529 sats after fees. Now, I know that you can convert them straight into BTC or use them to enter weekly prizes. Problem with the second option is that one entry costs 0.1 Cryptsy Points which I don't have yet, but I could probably reach this after I put in a couple more trades.
Which option would you recommend? Is there anything else I can do with them?
EDIT: Also, I live in the Australasian region, so if I happen to win a graphics card or miner or whatever, I'm not sure if Cryptsy would be able to ship it here.
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The money spend on college would be better spend on business or investment instead.
for example investing in bitcoin  if the money spent on collages was spent on bitcoin 4-5 years ago you would be a millionaire This is so true. Too bad I came into Bitcoin a year too late. I made a thread about this a while ago titled "You are transported to January 2013. What do you do?": What would you do if you were transported to January 2013? I would: Buy $2,000 worth of Tesla stock at $30, sell at $250 in March 2014. Profit = $17,000 Buy $2,000 worth of bitcoins at $13, sell at $1200 in November. Profit = $200,000 Buy $2,000 worth of litecoins at $0.07, sell at $48 in November. Profit = $1,400,000!! Then I would retire. Instead, being the idiot that I am, I did the following: Bought 1 year of college education for $6,000, unable to sell. Profit = $0.  |
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Nope. Bitcoin is can only be profitably mined with ASICs. Some coins such as Litecoin and Darkcoin are mineable with GPUs (although scrypt ASICs are now available for Litecoin which are far more efficient than GPU mining), and there are CPU coins which can be mined with CPUs - here is a list of them. But I wouldn't use a Pentium II for mining CPU coins either. You would need a recent processor to mine CPU coins - at least, if you want to be profitable. Just like the way you wouldn't use an Nvidia card from 1997 to mine GPU coins. |
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I think 50 to 100k is possible in the far away future if a lot of things come together
1m is just a ridiculous number, far too abstract almost
Just because it seems "ridiculous" does not mean it isn't possible.  Many people thought $1000 a coin was a ridiculous price and it would never get there. Why don't you look at it this way. Once all the BTC is mined there will be 21,000,000 BTC in circulation. If one BTC is worth $1 then the market cap of bitcoin would be $21 million If one BTC is worth $100 then the market cap of bitcoin would be $2.1 Billion If one BTC is worth $1,000 then the market cap of bitcoin would be $210 $21 Billion If one BTC is worth $100,000 then the market cap of bitcoin would be $21 $2.1 trillion If one BTC is worth $1,000,000 then the market cap of bitcoin would be $210 $21 Trillion. As of 2012 the GDP of the US was ~15 trillion dollars and the GDP of the world was ~46 Trillion Does it still seem plausible for bitcoin to reach $1,000,000? Fixed. |
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LTC prices have been following BTC prices very closely until recently when BTC shot up but LTC continued to slide down the charts. It's still at number 2, but it seems that many of the older established altcoins (Peercoin, Litecoin, Namecoin, even Dogecoin) aren't doing so well these days.
I have 1 LTC that I bought at ~$11 so it's not a huge loss for me. I would love to see LTC jump back up, but I wouldn't be too surprised if another coin like NXT reached that #2 position within a year.
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What is the minimum investment for this? Is it still the same figure ($20) as in the OP? And if so then why is it denoted in $ instead of BTC? Can anyone estimate the size of this ponzi? At current rate, assuming it doesn't collapse, when would this top Pirate's scheme in USD terms?
Well, BTC was worth much less when Pirate was around. |
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Not sure why you want to delete your account after not posting for 3 years but as others have said, you could delete all your posts (although they would still be visible on Bitcointa.lk).
Whenever I want to get rid of an account that isn't deletable, I usually change the password to a bunch of random characters. This insures that I'm locked out of my account for good and I usually forget about it after a couple of days or weeks. Make sure you remove any personally identifiable/potentially sensitive information from your posts before doing this since it isn't reversible.
Or, you could sell your account. You're an early adopter from 2011 and have no negative trust so I'm guessing a lot of people might want it.
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I'm interested in joining a signature campaign but would like to double-check with the community about what exactly is and isn't a constructive post. For example, here are three posts from my post history (in increasing order of length): Check out Coinmarketcap.com. A lot of coins in the top 20 have a 24 hour volume lower than that.
BTC isn't an altcoin, and you can't mine it profitably with either CPUs nor GPUs nowadays. You could mine LTC with a graphics card but scrypt ASICs are now available which have the same hashpower but consume a fraction of the electricity costs.
With that setup, the amount of bitcoins you would mine would not make it worthwhile. People use ASICs to mine bitcoins. The age of CPU and GPU mining is over. You could try mining scrypt coins like Litecoin if you had a good graphics card but you say that yours is integrated so that's no good. Perhaps CPU coins could be mined with the processor since the one you've got seems average at least. These could then be traded for Bitcoins via an altcoin exchange like Cryptsy.
Or you could buy hashes from a cloud mining provider like CEX.IO or PB Mining. But these mining contracts aren't profitable unless you are interested in trading them. And you'll need BTC to buy them too, i.e. from another place like Coinbase or LocalBitcoins.com.
Would all three be classified as constructive? Just no. 2 and 3? Or just no. 3? EDIT: Perhaps a better question should have been how much content/effort should I put into each post that I make? I'm guessing sig campaign operators look down on those whose posting histories are filled with short one or two sentence-long posts right? |
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I use Firefox mostly, sometimes with Tor, and occasionally Chrome and even Opera too. I use an older version of IE to see if pages look correct on it, Browsershots.org is useful for this kind of stuff. and also when I want to grab something from the cache but don't want to sift through my entire cache folder on Firefox. There are programs out there which are helpful for this. Ever since Firefox started breaking up and distributing the cache files into hundreds of folders, I've been using VideoCacheView. I also knew a computer science professor who preferred to use IE. That was a bit unexpected. Then again, I haven't used the latest versions of IE either and I've heard that the newer releases have improved quite a lot since the XP days.
One thing that has improved quite a bit since then is standards compliance. |
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