Why doesn't coinbase just start implementing Litecoin? The creator of Litecoin already works for Coinbase!
Same reason Bitpay Wont = Core competencies. These companies are striving to become the best juggernaut Oligopoly companies that they can...trying to become the next Google/Apple/Microsofts of Bitcoin payment processing. They won't bother with "low hanging fruit" If anything...they would rather bootstrap a subsidiary startup altogether like Litepay or Litebase...I wish it weren't so...Just saying  This is a good amount of truth in this. After all, LTC is around 1/20 of the BTC cap. The shrewd business decision is to continue investing in your market share of the market with the larger cap and then acquiring the companies that address the markets with smaller caps. As a starting point, since there were already so many compliance and legal issues the first time around with BTC, why would they want to jump into that foray again with other alt-currencies? |
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Damnation
the issues with the tax on profit, as you pointed out, has a number of issues. that is specifically why i think an end user sales tax of say 25% would be fair. as i can't comment or translate all of it to your current nation of residency i will use the united states.
here we have a lot of tax, mostly classified as an "indirect tax". it is also well known that companies do not "pay" taxes. they pass the tax expense onto the consumers. so when the corporate tax goes up, the price for a product at the store also increases. here in Michigan, total accumulated taxes on a product can ( in some cases) reach as high a 85% of the purchase price. with that in mind. the argument for a national "end user" sales tax becomes simple. if ( going by our current tax code) a product that costs $100, were to only have the end user sales tax imposed upon it. the price would then be $15 before the "end user" sales tax is imposed. once the end user sales tax is imposed the total cost of said product is $ 18.75. that is a total savings ( on the consumer, being you and me) of over 80%. and since it is imposed on all products, everybody pays taxes on what they consume. it would also allow those of us at or near the bottom of the income bracket to gain more value out of our fiat currency, as well as cut the cost of government by removing the bureaucratic processes involved in a more complicated tax code that focuses on taxing ones labor. that being said, property taxes would still need apply to those that hold property ( land). but that is for a federal tax system. local municipalities would still be able to levy their own taxes based on the needs of the community, which should go up to a vote by the community.
this would not only simplify the tax code but it would also remove the ability of some people from paying said taxes, and with the reduction of governmental resources, a reduction in governmental expenses would result. therefore the collected taxes can go to more necessary expenses other that paying unnecessary governmental employees.
and with the added capital in the hands of the people, that allows them to spend more, thus enriching the economy and creating more jobs. it also stretches the holding of the people that earn their holding through their labor, so that they may invest into other areas of the economy,, may that be tech, energy, medical, etc...
not only would it put more money in your hands, cut governmental spending in areas that are not necessary, but it would also give the government a revenue feedback loop. what i mean by this is that, the more money that is in the hands of the public, the more likely they are to spend it, the more they spend, the more taxes they pay ( but in proportion of what they consume), the more taxes they pay, the more revenue the government receives. and as people incur more wealth the government has more funds to pay for NECESSARY expenditures.
now for companies that do business overseas, a registry would need to be created so that there can be oversight over their total revenue and profits. this would be necessary because corporate revenue can vary greatly depending on what county that company is doing business with. and if a company wants to take jobs out of their country of origin then an additional tax should be imposed on the profits that were incurred outside of said country of origin.
P.S. it was my wife that first warned me of her mothers cooking skills or lack thereof.
P.P.S. yes, i want to be able to order a pizza using Noble
This reminds me of a really intriguing article that I read while back (maybe 3 years?). I don't recall the name of the article but if you have access to an academic database like JSTOR and query Global Supply Chains and Taxation, you'll likely find this article. The article discussed how all of the additional costs added onto a good that we buy at a shopping center or a mall is exasperated because of end on end of global supply chains that have to address domestic policies that impact the process. Take buying a can of noodle soup from a store as an example. There are two supply chains: one for the food in it and one for the packaging of the food. Taking the food supply chain, we have the raw ingredients and then you have the noodles. The noodles are likely to be sourced from somewhere and has it's own supply chain. Then on top of the ingredients, you have the equipment to make the food, and those all have its own chain, and so forth and so forth. The article used an example a birthday card and I think it had over 200 chains. And they found that about 75% of the chains had non-domestic influences and these complexities made for a very interesting read. [As a note, this article is coming from a U.S. perspective.] |
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ok i feel silly quoting such large bunch of texts as we are generally on the same page... cdg1941: I actually think this whole avoid "big brother" motive is an exercise in futility. If we want to see real world integration of digital currency there are going to have to be guidelines... the term "I have nothing to hide" comes in play. I believe initially the whole idea for digital cryptocurrency was for fast secure, financial transactions without paying exorbitant banking fees.. Also, the whole hassle of dealing with a bank officer is usually enough for one to start considering ways to never visit a bank again... This whole anonymity thing is just a little bit ridiculous. Various forum talk about how governments aren't needed. I saw someone write a long wordy post about "how governments dont exist. They are fictional entities which were formed by a group of people who get together and write up a constitutions and that becomes a government.. etc etc etc".. But, the fact of the matter is, everyone forgets that the reason we can do what we do is because of the same governments. I think time would be better spent thinking up ways of being integrated into mainstream life. I get tired of those screaming about how the government don't do anything as i find them to be idealists with a very loose grip on reality. Mining operations live and die on Electricity. Electricity is either state owned or privately-run with government oversight. Or do people really believe power is going to do run from the goodness of their heart? Or better yet.. lets dissolve all governments and let the world be run "directly" by the corporations... you can expect things to be good at the start and prices to rise over time (not much different from the way things are now but we already live in the world where corporations rule behind the scene)... And why do we need the police after all everyone is good so there are no criminals... we dont have thieves, murderers or rapists.. they are just misunderstood individuals. Oh, i do believe in separation of church and state. I believe governments should stay out of my home, my sex life and my personal decisions. But i also believe that my taxes go towards Police, Firemen, electricity, water, good roads, etc. I also believe some politicians and bureaucrats will get their cut.. Its not a perfect system. But show me one thing that is perfect in this world? I also believe that governments can go too far invading privacy But, the current system in place states that all income must be reported. It doesnt say "some" but "all".. fact is.. digital currency IS being used to launder funds.. to avoid income tax... and to generally hide away their financial liquidity. I find it funny that governments need to keep repeating to their citizens that their bitcoin investments are not covered by insurance. When BTC gets stolen from your exchange etc.. what happens? we go to the police (government lapdogs, i believe is the term).. The whole system is slightly crazy... in the beginning when its good people talk about how the government should stay away from them and their bitcoin transactions.. and then poof a new ponzi scheme and a few 100K bitcoins are stolen and it becomes a lets all get together and file a complaint with the police... Sorry about the rant.. but its along the lines of how people keep saying "Eat only organic vegetables" here's a news flash the only way the world is going to be able to grow and feed the entire world organic vegetables is by killing off about a third of the population otherwise there's not enough space.. With developments in the world today... we are seeing less and less farms and more and more industrial and housing sub divisions.. i generally tell people this that if they want to prove that point.. they would literally have to die for the rest of the world to be fed that way.. either that or we demolish their house and plant a farm there which should keep him fed for about a month and then he will have to wait. http://forexmagnates.com/quebecs-amf-alerts-residents-on-risks-of-bitcoin-after-atms-launched-in-province/heliscabane: http://en.wikipedia.org/wiki/FaithNot to be a dick  Faith is confidence or trust in a person (as in their ability), thing, deity, in the doctrines or teachings of a religion, or view (e.g. having strong political faith) even without empirical evidence. It can also be belief that is not based on proof,[1] or as confidence based upon varying degrees of evidential warrant. The word faith is often used as a conceptual synonym for hope,[2] trust,[3] belief[4] or knowledge.[5][/b] EDIT: In layman's term... In Noble - I Trust! Very solid points. There is a lot of macro factors that conflict and that is one of the biggest issues. And as for the faith thingy, not sure why I used belief, I should have used "confidence" instead. >_< Ha. I just was trying to say I have a technical grounding that backs up my trust in NOBLE. It's more than just, "to da moon" and "pump pump pump" that I get from this crypto. And it's nice. |
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Till now, I found out that holding can be a big gamble even with big coins like LTC,WDC,DGC,NXT and others.
So it is now the matter of precaution of someone
As it stands, cryptocurrencies are a huge gamble. Long-term holding can be good but you need to trust the fundamentals that you determined for each of the coins and hold only the ones you anticipate having a strong future. Mind you, when I say long-term, it's not like a few weeks or a few months. I'm talking 6+ months. And though it's tempting to swing as the markets go, if you've determined to go long on a coin, then stay long. Basically, don't react to the news on those coins and be prepared to stomach missing out on those pump and dumps. There have been many a time this has worked out well for me (the tricky thing is knowing which coins to go long on). I usually don't talk about my performance in crypto, but as an example, I held about 10k PPC in the sub 0.001 days. This was back in March-April 2013. Then I brought these back to the markets in November 2013 where I sold about half at the 0.006-0.007 range. That was a pretty good long-term hold. I based my holding on the community, the fundamentals of the coin, and several other trading dynamics. But it's an example that if you stick with a coin you feel will perform strongly as a long hold and react accordingly, it can be highly beneficial. Then you have some coins that work out well for medium-term that you should to follow on maybe a weekly basis and sell when appropriate. Once again, the trickiest thing is not reacting to the short-term trend (i.e. daily/hourly), and to focus on weekly (maybe semi-weekly) performance. And finally you have short-term coins that are best followed on a daily basis. For these coins you may have to focus on the pump and dump aspects where you try to anticipate the markets as movement happens. Personally, I try to stay away from the coins that have only short-term potential. But it's all dependent on what works best for you and what you're comfortable with. |
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I wouldn't be surprised if there was a competition type of strategy that they are employing. What better way than to force market dispersion and then to introduce their new product. The funny thing is that I think they want Bitcoin around, but they don't want to be involved with it so they can push their item.
[As a note, I don't think we can call this a war of the titans per se. I think Apple is sitting on like 10x the market cap of Bitcoin in pure cash reserves. Once again, that is just reserves.]
Sure you are right. And Apple is a huge competitor. They want their new product to be best ever like always. But they are cutting their own chair. Like I sad before. I will never use any "i" shit again. I already sold my iPhone 5c. Yeah, they always want their item to be perceived as either "revolutionary" or the "best." What the BTC community needs to do is to is to challenge them on the territory that BTC had worked to hard to create. If Apple does release something akin to BTC, this community needs to react accordingly. Unfortunately, just not using their products has very little impact on their ginormous corporation. |
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I anticipate people are selling off NobleCoin to repurchase tomorrow when the market goes live. By doing this, they will push the price up tomorrow, and effectively make items cheaper in regards to the amount of Noble per purchase. Sounds about right?
They'd hold less coin, giving them less buying power though? Seems the better option would have been to hold what they have. I'm thinking there was a bunch of talk that it would hit 500 by tomorrow, and once it was clear this is was not the case, people have started loosing interest. It'll pop back up big tomorrow though I think =) Wish I sold at 170 when I had the chance. Placed the order, but took it back out a few minutes later hoping it would hit 180. ugh If noble hits cryptsy this week I think we'll see 500. Otherwise, tomorrow I think we'll hit ~200 I'll admit, the market is quite tricky right now especially with the issues regarding BTC, but I think NOBLE will remain relatively strong. Admittedly, if NOBLE hits Cryptsy, I think it'll be a bit higher than 500 especially because Cryptsy hasn't had substantial additions for a while (I think just VTC over the last two weeks). thats not exactly true.. VTC was added about 7 days ago along with LEAF, MEOW and CASH.. As for the market.. well i havent really seen much difference in this situation and the China December Sell Off.. same story different reason.. price went to 500.. and as usual, the one's that sold at 500 will regret it.. and those who bought at 500 will rejoice.. if it follows the usual trend we will likely have an upswing in BTC to around $760 in the next 7 days... which will result in worse conditions for the ALT coin market for 3-4 days as people start liquidating their ALT investments for btc.. at that point.. we then end up with a crappy week of very little price movement on btc with noone buying... after that we will start seeing btc investments trickling back in.. followed by a short intense period of 4-5 days where we see some remarkable movements by various coins... Oh right in between... pumpers and dumpers will likely choose one-two specific coin jack the prices up.. and then leave... Noble has actually been performing very well despite the downturn.. doesnt matter if u sell now... or sell later... we are all a long way away from the 80 price.. I would like to state i am not clairvoyant... but a discussion on my observation would be nice.. Personally, I would like to believe that Noble will make a difference in the cryptocurrency world. Just because of the community thats being built around it... Even with prices skyrocketing the day before... do you realise we dint have anyone coming in screaming... "prices are being pumped... gonna be dumped soon... sell now.. else lose it all"... Do you know how rare it is to see that? Its great to see so many have such faith in the Noble movement. Thanks for the correction. Apparently when I was making my post I meant to put all four and somehow I only listed one (that's what I get for responding to multiple different posts at a time). As for BTC matters, I think there will be a lot of misinformation regarding the Mt. Gox issue and that may artificially put continued downward pressure on BTC for a while. (As for this issue, I think the best thing would be for a response from the core team; clearing up the air about it will be very beneficial. Really don't want to see another dip to sub $200 levels again like it happened earlier. But that's besides the point.) Market "pump and dumps" are definitely bound to happen, but I think Noble has a very solid core dev, team, and frankly community. There will be swings (remember the lowest price on Coinmarket was around 25 and it pushed past 200 at one point but now it's significantly more stable), but I think the infrastructure that is being laid down will provide a lot of resistance from downward pressure (in terms of dumping coins). In general, I look at Noble and see a positive trend. And "faith" (I use quotations not because of doubts, but because the right word really should be "belief." Faith implies some sort of otherworldly influence. Anyhow...) in a cryptocurrency is very refreshing. It reminds me of the strong community around PPC back when it made it's run from $0.20 to over $8. And I see the same type of fervor from this community plus some nifty promotion/infrastructure to make this a very strong long-term coin. |
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This is wonderful to see. I was very curious about this project when I first saw it several months ago. It sounds like you have a very reasonable PoW and I think that's awesome. As for running out of sextuplets, if we did, how would we know? I don't recall a consequence of the Riemann hypothesis being the overall "sparseness" of sextuplets. So what if we went a very long time without finding a sextuplet but unbeknownst to us it's because it is highly "sparse" at a certain point. How is this issue addressed? (For all I know though, your PoW may already address this.)
I would greatly appreciate your feedback! Thank you for all your hard efforts!
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it can't possibly go any lower than $350
and if it does
buy like crazee
I believe the price did dip to like around $100 a few hours ago (on btc-e). But it was like literally for a minute or less. Now, it looks like $650-$675 is where most of the resistances have been set. |
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For those wanting to get a sneak peek of the Marketplace check out the guide we're just polishing up: https://www.noblemovement.com/guide-to-marketplace-buying/We've kept the Marketplace clean, standard and simple for now with a focus on speed and functionality. The goodies will be added in the weeks to come. If you've used an e-commerce site before this is obviously pretty simply stuff and nothing new, but it gives you a sneak peek. Wow! This is very solid! This is very exciting to see! I can't wait for this to come out. |
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I anticipate people are selling off NobleCoin to repurchase tomorrow when the market goes live. By doing this, they will push the price up tomorrow, and effectively make items cheaper in regards to the amount of Noble per purchase. Sounds about right?
They'd hold less coin, giving them less buying power though? Seems the better option would have been to hold what they have. I'm thinking there was a bunch of talk that it would hit 500 by tomorrow, and once it was clear this is was not the case, people have started loosing interest. It'll pop back up big tomorrow though I think =) Wish I sold at 170 when I had the chance. Placed the order, but took it back out a few minutes later hoping it would hit 180. ugh If noble hits cryptsy this week I think we'll see 500. Otherwise, tomorrow I think we'll hit ~200 I'll admit, the market is quite tricky right now especially with the issues regarding BTC, but I think NOBLE will remain relatively strong. Admittedly, if NOBLE hits Cryptsy, I think it'll be a bit higher than 500 especially because Cryptsy hasn't had substantial additions for a while (I think just VTC over the last two weeks). |
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I wouldn't be surprised if there was a competition type of strategy that they are employing. What better way than to force market dispersion and then to introduce their new product. The funny thing is that I think they want Bitcoin around, but they don't want to be involved with it so they can push their item.
[As a note, I don't think we can call this a war of the titans per se. I think Apple is sitting on like 10x the market cap of Bitcoin in pure cash reserves. Once again, that is just reserves.]
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Only if mtgox has enough btc to cover everyone's withdrawal, especially many people may cancel their USD withdrawal, buy bitcoin and withdraw their all their bitcoin from mtgox.
You do realize that for every Bitcoin bought one is sold, right? MtGox does not buy or sell. They match buyers with sellers. Theoretically yes..but who know if mtgox really hasn't touched the bitcoin....... Although they also likely skimed based on transaction and buy/sell fees. I wouldn't be surprised if they have some sort of calculation akin to M0 and M1 money supplies and based on that they "play/use" the difference (kinda like a derivatives transactor to provide further insurance value, but instead of using it for stability purposes, they gambled with it). |
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Oh noes!!! The world is going to end again tomorrow!!!  Then it'll end again in three weeks, and then again in two months!!! This is like all of those end of the world prophecies. Except more frequent. And more fun? |
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Huh, for some reason, I want to say that the market cap will actually hit $25B for a short while, but I don't have it coinciding with Feb. 2015. So, I'm going to say $650. That sounds like a somewhat okay number to go with...
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I say temper expectations and let this grow more organically. Even though Bitcoin has some mainstream presence, it's really not as much as one would think. Maybe with more targeted growth, and even more improved infrastructure we can see significantly higher prices. But honestly, $10000 per BTC would mean the market cap of BTC would be over $120B and that's not an easy number to obtain. Sure lots more money than that exists, but when you get to those numbers stability is the key need. And I think we're at a point in time in which we're still far off from stability.
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Please stop buying Apple product for the sakes of technology innovation.... its not the first time they did this.
This is what we should do. We can't (and really shouldn't) depend on a governmental entity to provoke change. Especially for Bitcoin. Cryptocurrencies are in a uniquely tenuous position, and asking for action from a governmental entity on behalf of Bitcoin would muddy the waters even more than they are right now. Really, the best thing to do is to not buy Apple products as a community. Unfortunately, money will continue to speak much louder than rulings and acting accordingly is the only way to affect that desired change. |
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Remember that bitcoin is going down. The rise of NobleCoin is proportional to the descent of bitcoin. Zero earnings.
You may need to work on your math... BTC over the last few days: $825-$725 (Using Coinbase since it's the most reliably liquid) ~12% loss NOBLE over the last day: 85 satoshi - 140 satoshi ~65% gain. Use the assumption that you bought .1 BTC worth of NOBLE a few days ago when BTC was $825 and NOBLE was 85 satoshi: $82.50 outflow Use the assumption that you held NOBLE and cashed out at 140 satoshi: ~.165 BTC = $120 Unless my degree didn't teach me anything, this is definitely not zero earnings. This looks like a gain of around 45%. |
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Damn you 10th Amendment! This is the thing. We need to recognize our legal footing. We are in the right. It's the feds that are out of compliance with the U.S. Constitution. Gambling is largely considered illegal in the U.S., but it absolutely thrives in Nevada. That's because that state asserted its constitutional authority, feds be damned. This is also starting to happen with states pushing back against federal drug laws, especially regarding marijuana. Even Obama said he will back off states that push back in that way. Most of us here have no illusion about how disruptive Bitcoin is and how much the feds have incentive to push against it. We need to know about and use every legal and political weapon we have. I agree, there is definitely a non-compliance by the federal government. And that disruption is one of the strongest things that we have. |
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Hey guys, Oregon (specifically the city of Portland) somehow managed to get snow this year and get pretty cold. So I'm hankering for some, uh, chowdah. Anyone got some recommendations for a brand that I can buy from the store that's actually legit, hearty, and oh so satisfying?
Similarly, if anyone is in the Portland Metro area and can deliver me some amazing clam chowdah, I'll gladly pay ya!
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I am not a lawyer either but I believe this is where you are incorrect.
virtual currency is "other value that substitutes for currency."
- at least according to FinCEN.
so unless you or someone can take that to court and challenge it, so that is pretty much the law in the US.
Again, that's FinCEN. That's federal. What happened in Florida pertains to Florida state case law. I don't have to be a lawyer (and neither should you) to know there is a difference between federal and state. That's why, for instance, registering with FinCEN as a money transmitter, which is actually pretty easy, does NOT mean you can operate in all 50 states. It only clears you federally. You must also fit within the legal box of each state separately (which is where it gets expensive/complex). State and federal are separate legal jurisdictions. Damn you 10th Amendment! On a serious note, there is so much muddiness with this. On one hand, this forces the conversation again about what is "money" in this new age (I recall this being discussed during the .com boom and then later on with game currencies being exchanged and bartered for real money, but I can't remember if anything substantive came of it). Even the current definition about "virtual currency" is too loose especially when referring to Bitcoins. And the fact that you can be charged if you supply someone who is going to use Bitcoin for nefarious/illegal purposes is quite murky in and of itself. I mean, I don't think the same kind of ruse would be used with USD per se in the sense. Although, the amounts and that sort of thing kinda hinted at quite the egregiousness. |
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