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81  Bitcoin / Bitcoin Discussion / Re: Ready to admit bitcoin is a failure? on: September 27, 2014, 06:23:19 PM
Just wondering how many people are ready to admit that it isn't gonna have main stream adoption?

I want to talk about why and what can be changed to fix bitcoin, but first we have to admit there is a problem.   

Why concede defeat when we've only just begun? The mainstream population needs more incentive to use bitcoin. Give it time. If you haven't noticed, the infrastructure is being built.

"Build it and they will come".

I agree with this statement.
82  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN] [ICOKE] Coca-Cola Coin on: September 27, 2014, 05:41:23 PM
How will this work? Do you have the copyright for it?
83  Alternate cryptocurrencies / Altcoin Discussion / Re: DO NOT LEAVE YOUR COINS ON THE EXCHANGE. on: September 27, 2014, 05:17:00 PM
I have never had a problem with most exchanges, generally they are very trustworthy especially the old exchanges.
84  Other / Off-topic / Re: Post your Total time logged into Bitcointalk on: September 25, 2014, 02:32:49 AM
1 days, 8 hours and 55 minutes.
85  Bitcoin / Bitcoin Discussion / Re: 2,300 billionaires, each holding $600m of cash on average on: September 24, 2014, 05:09:52 AM
The reason they are holding so much cash is because they do not want to take investment risks with their money. Bitcoin is anything but a sure thing so I would say it is unlikely that someone holding cash would want to take the risks of price declines of bitcoin.

Billionaires generally do not have the same problems with sending money cheaply that "normal" people do that makes bitcoin attractive to most people
86  Other / Meta / Giveaway in Digital Goods section on: September 24, 2014, 05:02:09 AM
https://bitcointalk.org/index.php?topic=794776.0

I am sure I am going to get a lot of shit for this, however:

Should this thread be listed in the games & rounds section since it is encouraging people to make an insubstantial post
Quote
First 5 people to respond here get a free $10 Amazon.com gift code!!

There does not appear to be any commerce being done in this thread but is listed in the digital goods section
87  Other / Politics & Society / Re: Anyone following the ebola outbreak? on: September 22, 2014, 05:54:08 AM

With an already severely compromised immune system, and the huge variation of blood borne diseases, there is nothing much helpful from doing this in this way.
The existence of any antibodies in the bought blood are not going to be helpful in the creation of the infected person's own antibodies.
It is more sympathetic magic than anything curative.

As a vaccine, that is a different matter, but you are giving yourself a disease (or several) that is likely just much better avoided.

There is one paper which shows that in some cases the blood transfusions may actually help to survive:

http://jid.oxfordjournals.org/content/179/Supplement_1/S18.long

However, the method was tested only with 8 patients: "because of the small number of patients studied and the lack of control subjects, we cannot conclude that the neutralizing antibodies in transfused convalescent blood improves the outcome for EHF patients."
I would speculate that this would very well be the result of "good luck" on the part of the people who received the blood transfusions. It is said that ~50% of people that are infected with ebola will survive the disease. With such a small sample of people it would not be unrealistic to say that all of these 8 people would be part of the "lucky" 50% that survive.

I'm guessing that this study was not done with blood bought off the street.
Buying and transfusing blood from the "black market" (without even a SR-like rating system)?
That is desperation.
I would say these people were essentially going "all in" with the blood transfusion. In a quite literal sense.
88  Other / Archival / Re: Crazy Man makes it into The White house on: September 22, 2014, 05:51:36 AM
This is inexcusable. He could have had a bomb strapped on. The Secret service says that they didn't shoot because he looked unarmed. Thats bullshit. They were caught with their pants down. Whats ironic is that if he would have been 5 minutes earlier, he could have been face to face with the president.. The secret service used to be the top of the ladder of all agencies, now they are the mutts...
They didn't even need to shoot him. All they needed to do is release the attack dogs on him to stop him. This was actually standard procedure but for some reason did not do this.
89  Economy / Economics / Re: Within 2 years, effectively 85% of all bitcoins are mined! on: September 20, 2014, 02:53:23 AM
I would say that deflation would generally be when prices are falling as a whole. It is nearly impossible for overall money supply to fall as a whole as the central bank could simply print more money to prevent this (thus preventing deflation even being an economic concept if it was measured by money supply).

In theory central banks could deflate money supply by reducing the monetary units in circulation. But they don't do it, because it's not their policy. These days, central banks only inflate, they never deflate. Deflation mostly occurs as a singular event when central banks have inflated a lot and currency use becomes impractical. Such events they use to call euphemistically a "currency reform". I guess, we'll all have the questionable honor to experience such an event in our lifetime.
Anything is possible in theory, but I don't think this would happen in practice. Can you provide an example when a central bank engaged in this kind of deflation over a period of at least 6 months (a time period that I would consider to be short to medium term)? I do not know of one, nor do I think one exists.

AFAIK even in times of hyperinflation central banks have not engaged in this kind of deflationary policies.

EDIT: hyperinflation in terms of risking prices

I already said in my second sentence, that central banks don't deflate continuously, because it doesn't fit their policy. When deflation occurs it's a singular event, a "currency reform".
Could you give an example of "currency reform" when the peak amount of currency was not exceeded within 6 months? In other words, on January 2015 there is $100 in currency in the economy, then on January 5th, the central banks takes some amount of money out via "currency reform", then there would still be some amount less then $100 in currency through the end of June 2015.

Can you give any real world examples of when central banks wanted to engage in deflation in your terms at all?
90  Economy / Services / Re: Official updownbot.bz Signature Campaign thread (CLOSED) on: September 19, 2014, 04:50:01 AM
just spoke with the site owner. he had some problems in his real life and was away. everything on the site will be fixed tomorrow. if anyone in campaign has changed sig up to this point i will still honor pay for full month. if you have not do not change your sig as this campaign is live again
I think this is extremely sketch. Yesterday you try to close the campaign and get 1/2 of the bitcoin held in escrow. Then today you try to take out "confidence" loans in the lending aubforum to build your trust. Now all of a sudden you happen to be able to get in touch with the site owner.

I don't know about everyone else but I sense a scam brewing.
91  Economy / Economics / Re: Selling Digital Goods with Bitcoin on: September 19, 2014, 04:33:20 AM
The iTunes store is designed to make it so that apple can sell more iPods. The prices are artificially low. Apple makes a lower profit then they really should on song sales because they are trying to sell more iPods and similar devices

No arguments there, except for your point about Apple not doing well on iTunes sales.  They're taking a 30% cut on each sale in iTunes, so all in all, I think they're doing pretty well.
You need to remember that this is only revenue. Apple still needs to pay for infrastructure to have the songs delivered to consumers. This is more then a one time download per song as consumers can essentially download unlimited times after buying a song. They also need to pay for things like credit card fees based on their top line (total sales) but is likely paid for entirely out of the 30% margin
92  Economy / Economics / Re: When will people feel comfortable using BTC ? on: September 19, 2014, 04:29:55 AM
When there is some stability in the exchange rate then it will become more widely used. Further, I do not have confidence in many of the BTC exchanges out there. After we get more exchanges like Coinbase it will be more appealing to businesses.
But there is no limit as to how many businesses can accept bitcoin via coinbase. Nor is there an effective limit as to how many customers can buy bitcoin via coinbase.

Well, Coinbase is great but it can only be connected to banks in the USA right now. We are an overseas company that deals with clients from the US and all over the world. We need exchanges like Coinbase in other parts of the world as well.
Coinbase actually recently announced that it is expanding it's operations to several additional countries around the world. Tim Draper said that he is going to use the bitcoin from the SR auction in order to try to expand accessibility of bitcoin around the world
93  Economy / Economics / Re: Within 2 years, effectively 85% of all bitcoins are mined! on: September 19, 2014, 04:27:41 AM
I would say that deflation would generally be when prices are falling as a whole. It is nearly impossible for overall money supply to fall as a whole as the central bank could simply print more money to prevent this (thus preventing deflation even being an economic concept if it was measured by money supply).

In theory central banks could deflate money supply by reducing the monetary units in circulation. But they don't do it, because it's not their policy. These days, central banks only inflate, they never deflate. Deflation mostly occurs as a singular event when central banks have inflated a lot and currency use becomes impractical. Such events they use to call euphemistically a "currency reform". I guess, we'll all have the questionable honor to experience such an event in our lifetime.
Anything is possible in theory, but I don't think this would happen in practice. Can you provide an example when a central bank engaged in this kind of deflation over a period of at least 6 months (a time period that I would consider to be short to medium term)? I do not know of one, nor do I think one exists.

AFAIK even in times of hyperinflation central banks have not engaged in this kind of deflationary policies.

EDIT: hyperinflation in terms of risking prices
94  Economy / Economics / Re: The Man from Apple. He like to say YES!!!! on: September 19, 2014, 04:23:22 AM
I kind of doubt that the person who answers your technical support calls at apple really has this kind of insight. This is not the kind of information that is given to this level of employees. It is possible that he thought was giving accurate information, but it probably means nothing.

Also apple pay is meant to be a way to sell more iPhones, that is why it will not be a feature on older iPhone models (you need to upgrade to the iPhone 6 in order to use it)

Please accept this person is a Senior Technical Advisor not a young kid at the genius bar. I ascertained his level of knowledge was far greater than normally expected and he said he was head of the team. I had made a previous enquiry regarding Apache, Terminal, OpenSSL and digital signatures. This had come up on the system  and he chose to call himself assuming my query was along the same lines,

The subsequent information he then sent me via email reaffirmed his authority and knowledge.

If the person you were dealing with is on the "front lines" dealing with customers then they likely do not have knowledge of the thinkings of upper management of apple. All of the applications you mentioned are routinely used on apple products so their techs will need to know how to use and troubleshoot them.

You should understand that the information you described is likely something that would be known at only the "C" level management
95  Economy / Economics / Re: You work your butt off, and a rich dude does nothing and gets rich - how? on: September 19, 2014, 04:19:59 AM
Imagine this:

person A has no money and is working 50% of his time to get paycheck, rest of his time he uses to sleep and be with family. 100% time used

person B has money, and can hire other people to do job instead of him , and he gets his own cut, therefore, he earns money without wasting time to do so, allowing him to spread his business more and more, earning more, and with no time wasted on actually doing anything.

there's also a word for this ; modern slavery.
It is not slavery because the first person was able to receive a paycheck in exchange for his work. His paycheck is reflective of his skills that he can offer and the skills needed for his job. What you are likely wanting to see is unskilled people being able to make huge sums of money, however this is simply unrealistic.

The reason why the 2nd person is able to make money off of others' backs is because they are risking their own money to hopefully earn a return on their investment. It is not guaranteed that the 2nd person will end up making money, but it is guaranteed the 1st person will make money as long as there is work available.
96  Economy / Economics / Re: Was Titanic Sunk To Kick Start The Private Federal Reserve Debt Slavery System? on: September 19, 2014, 04:15:19 AM
Another, but much stronger point is the fact that anyone in a position to oppose the federal reserve system would likely be in a position to have priority in boarding the lifeboats so the chances of him dying would have been small in the event the ship were to sink in the way the titanic did.
Bingo!

Anyone that would have the influence that could stop the federal reserve from starting would certainly have the influence to get a seat on a lifeboat.
I would agree with this as well. I don't think that anyone would could prevent the FED from coming into existence would not have the ability or the common sense to be able to get their ass on a life boat.

Sure because buying a life boat is easy when you have none and you are in the middle of the Atlantic  Roll Eyes
There were lifeboats available. It was just that there were not enough for everyone. There were a lot of men who survived the titantic because they were on a life boat.
97  Economy / Economics / Re: Possible effectiveness of moving value from bitcoin to another coin. on: September 19, 2014, 04:13:50 AM
Here's the idea:
Bitcoin was a hot subject in the mass media in 2013. Now the subject is old and there isn't much more eye catching to write about. People outside this forum don't really care about new merchant adaption, and that is the reason why news like that won't cause the price to rise. What people want to read is about innovation and new heart braking stories about janitors becoming millionaires. These are the stories that attract readers, and stories that bring new speculators to the game.
I think that a lot of people want to use bitcoin because of higher merchant adoption. This is the reason why they would want to start using bitcoin. They will likely not start using it to invest because bitcoin is very risky to invest in.

The rest of your post is just promoting what will likely be a scamcoin that will end up being worthless.
98  Economy / Economics / Re: China will become Super Power ? on: September 19, 2014, 03:50:45 AM
China will become super power in few years !! sure

It is already a super power. I am not only referring to their military or political status in the UN, I am talking about its huge economy which can influence the rest of the world. Economies of exporting countries around the world are very much linked to the demand in China. If they run into a recession or slow growth, it will inevitably resonate to other super economies.


China does have an economy that does influence the rest of the world. I believe it is the 2nd largest economy behind the US. The fact that the US is such a large trading partner makes it much more difficult for them to influence others, however they do have influence.

World markets do watch the Chinese economy closely and generally perform poorly when the Chinese economy is showing signs of stress and showing signs of "slowing down"
99  Economy / Economics / Re: Easiest way to make BTC? on: September 19, 2014, 03:44:43 AM
Easiest way to make btc, is by trading alt coins you  Wink
Trading alt coins is not easiest way but we can say its most risky way to make btc
Trading alt scam coins is probably the easiest way to lose money. The fact that all altcoins are worthless and add no value to what bitcoin cannot provide means over the long term they will all eventually go to zero or close to it
100  Bitcoin / Bitcoin Discussion / Re: Reddit Blocked Our Pro-Bitcoin, Anti-Banking Site BanksWorstFear.com - entirely on: September 19, 2014, 03:43:07 AM
Um, I'm reading this here, and I was enjoying it and then you took it back and threw your feelings of betrayal into that post which was annoying at best and very offputting at worse. 

I want more people to work with me to promote bitcoin at the grass-roots level and I'm hoping that HARO can HAFO (help a frankenmint out)

Take your feelings of funk out of your articles, it's immature - just keep it restricted to that one thread that explains the story/saga of your banning from reddit, imho.  For each additional article that refrences that event diminishes your professionalism, even if just slightly; calling someone a 'fucking hater', in every possible context, is MOST DEFINITELY NOT the right way to move forward in establishing your credibility as a reliable Bitcoin news source.

I wrote that article. Really my addition of that paragraph me using this whole issue with Reddit as an example of how tough it can be to find cheap or free options for promoting a website that are actually effective. I have a feeling that we'll find alternatives that actually work, we'll all be a little smarter about handling it, and we'll all be happy again...
Why would it ever be appropriate for a website to receive free advertising? Most websites receive some kind of ad revenue when people visit their site. Therefore free advertising to your site essentially means free money for you.
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