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7561  Economy / Speculation / Re: PLEASE STOP BEING SO AFRAID! on: April 25, 2014, 07:15:02 AM
Just got my IRS refund yesterday...wanted to put it all into bitcoins but prefer to buy when people are panicking.

Perfect timing...added many more BTC to my wallet.
7562  Economy / Speculation / Re: How do you think the Bitcoin debit card will affect prices? on: April 25, 2014, 07:13:41 AM
Cool this would a great adapter allowing the masses to get into bitcoin....
If Western Union or another company starts doing worldwide fiat to bitcoin orders and visa versa then we're practically ready for the masses.

Only one downside.... Xapo has your bitcoins do you trust them?  Undecided

Nowadays trust seems to be an issue  Wink

They are backed by millions in VC money. They are here to stay.

I would trust them with enough BTC for a week or so of spending money.
7563  Economy / Speculation / Re: How do you think the Bitcoin debit card will affect prices? on: April 25, 2014, 04:37:45 AM
Its not 1.2% per year.

It's .12% per year for cold storage vault.

The wallet is free.

Even better.
7564  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [Ann] Safecoin maidsafecoin on: April 25, 2014, 04:35:47 AM
So by checking https://masterchest.info I have transactions with SPT sent to:
MSAFE-Test
and 10 SPT sent to AdamsCoin

Are those the maidsafe blockchains?

Quite confusing.
7565  Economy / Speculation / Re: [CAIXIN] CENTRAL BANK BANS BTC RECHARGE CHANNELS (DEADLINE MAY 10) on: April 25, 2014, 04:25:16 AM
May 10 is the final final final final final final ban...honest.
7566  Economy / Speculation / Re: Sell in May & go away? on: April 25, 2014, 04:24:21 AM
Sell in May to come back in June to buy at a higher price.
7567  Bitcoin / Bitcoin Discussion / Re: PBOC reaffirms Banks to Quit BTC activity... (drop 4/24) on: April 25, 2014, 04:19:14 AM
This is the super serious non-secret we're serious this time ban from the chinese banks.

Last one...honest.

Until the next one.
7568  Economy / Speculation / How do you think the Bitcoin debit card will affect prices? on: April 25, 2014, 04:04:14 AM
I believe this company has got it right when it comes to a Bitcoin to debit card business:
http://www.coindesk.com/xapo-launches-bitcoin-debit-card-accepted-at-all-mastercard-locations/

This is the Bitcoin MasterCard we were all drooling over a few years ago but never came to be.

You store your bitcoins in the Xapo wallet either in cold storage or a hot wallet. You swipe your card at any place that takes MasterCard just as you would do with any other card and they check to see if you have enough bitcoins in your hot wallet to cover the price. If you do, the coins are automatically exchanged for the cost of your purchase.

I think that right now the biggest question is the cost. If it is just their 1.2% yearly fee of holding your bitcoins in their vault, then this is a huge step forward. Especially if they can get your bitcoins to you in whatever currency of the country you are in. As someone who has traveled to several countries, the costs of converting to local currency suck big time. If people are able to use this card and travel the world, they would be ahead of all other credit card companies.

This could cause a huge swell in adoption.
7569  Economy / Speculation / Re: [CAIXIN] CHINA BANS ALL BTC RECHARGE CHANNELS on: April 25, 2014, 03:49:47 AM
Banks...not government.
7570  Bitcoin / Bitcoin Discussion / Re: [research] Bitcoin insurance, do we need it? on: April 24, 2014, 07:27:33 AM
This already exists. You can pay 2% to have your bitcoins in a Bitcoin vault.
7571  Economy / Speculation / Re: Can't stop Bitcoin from dropping down? on: April 24, 2014, 07:24:29 AM
The Only way, it can be increased is when the chinese people are back into the game. You will see how the price will be increased.

We definitely need to wait for the Chinese to get back into the game so they aren't left behind for the world's new currency.

It's only fair.
7572  Alternate cryptocurrencies / Altcoin Discussion / Re: Tax Free City Project White Paper 100% backed crypto-asset on: April 24, 2014, 07:14:09 AM
Humans don't own land. They rent it from their governments.
7573  Alternate cryptocurrencies / Altcoin Discussion / Re: Maidsafe on: April 22, 2014, 08:47:31 AM
So I'm on http://www.buysafecoins.com/ with my bitcoins ready to invest but there's no btc address  Grin

It is: 1KHfLixa2idRnZXMUfEisBati1vpywaH6E

Verify on the website before sending.
7574  Bitcoin / Mining speculation / Re: when bitcoins max out and miners are paid from fees. on: April 22, 2014, 07:59:55 AM
They use Bitcoin.
7575  Economy / Speculation / Re: Is it just me or is anyone else tired of watching this constant no change bs on: April 22, 2014, 07:50:45 AM
This is funny.   People are so spoiled by the meteoric rises that they can't go a day without seeing a +/- $100 change each day.

If I am not having a mild heart attack every day then Bitcoin has failed.
7576  Economy / Speculation / Re: Final Warning for Long-term holders... on: April 22, 2014, 07:41:21 AM


Shenanigans call confirmed.
7577  Economy / Speculation / Re: So many newbie crying for gox liquidation on: April 22, 2014, 07:33:12 AM
Yes, we are crying and for good reason. Face facts. Stop living in a fantasy land of pure hope with no substance. BTC is so overvalued that it's an insult to capitalism. BTC, and its naive investors, are living in their own little world while all sorts of private and unknown factors are conspiring against it behind the scenes. When these influences crash the party, BTC prices will get a bloody thrashing! Mt. Gox, alone, will reset the BTC price button. The 200k coins (and the other hundreds of thousands of additional coins that will be found!) are going to be privately sold to wealthy investors at deep discounts. The same investors will buy up all the panic sales, rebuild the BTC space the right way and, in the process, push out all the little guys. No one is winning in this version of BTC, except for lucky in/out traders or those that got in pre-$25-50. Over the long-term, BTC's second incarnation will be the only real winner. Hate to be the bearer of bad news. I'd rather know now than get hammered when the wealthy take over BTC.     

Final Warning for Long-term holders...
7578  Other / Politics & Society / Re: Is Putin a modern day Lincoln? on: April 22, 2014, 07:00:29 AM
Comparing Putin to a president that sent hundreds of thousands of people to their death in order to "preserve the union" is hardly praise.

Saw the Hollywood propaganda movie Lincoln a few days ago. Not an iota of truth in it, quite similar to other stupid Hollywood movies. Felt like throwing up... but still how many Oscars did it go?

They will make a similar movie about Putin in 50 years. And it will be equally good for insomnia.
7579  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [Ann] Safecoin maidsafecoin on: April 22, 2014, 06:58:27 AM
The information says they are selling 10% of the safecoins. But is that current safecoins or is there a hard cap?

I like the idea and the project and would likely create some software for this but if safecoin has no hard cap and is inflationary then it is like dollars and should only be used when needed but not held. Let alone, purchased as an investment. Imagine buying Zimbabwe dollars.

No it's the hard cap, 10% prefarm! the rest are "farmed" by providing storage space to the storage network. If you wonder why I keep writing farm its because thats what they call mining mining I think because it suggests positive contribution of..rather than burning of resources!

Ok, thanks for the clarification.
7580  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [Ann] Safecoin maidsafecoin on: April 22, 2014, 03:57:02 AM
The information says they are selling 10% of the safecoins. But is that current safecoins or is there a hard cap?

I like the idea and the project and would likely create some software for this but if safecoin has no hard cap and is inflationary then it is like dollars and should only be used when needed but not held. Let alone, purchased as an investment. Imagine buying Zimbabwe dollars.
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