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81  Bitcoin / Bitcoin Discussion / Re: Reddit Bitcoin Centralizes All Bitcoin News on: October 18, 2014, 09:52:41 PM
Why should the rules not apply to you guys as well?

We are asking that our URL be unblocked, not so that we can spam again, but that if a reader of ours wanted to post they can. Right now, none of articles can ever reach Reddit Bitcoin again, and submitting one of our articles will get your Reddit account banned too.

Don't know if you have noticed, but places like WIRED magazine have their articles submitted to over 10+ subreddits and nobody says this is spam. Why is that? I am not saying we are the same as Wired... but I do not think it so unreasonable for us to submit our articles to Reddit Bitcoin only.

Where else should we share the articles then? We've tried every other social network and the traffic is tiny compared to Reddit.

Nobody thinks it is an issue that most people just get their Bitcoin news from Reddit only? And the fact that this is a heavily censored medium?  
If you break the rules to the extend that your website gets banned then there is no reason why your website should get unbanned. The likely reason that other reputable news organizations have their articles submitted to reddit is because many people already read them without going to reddit and submit them independently and find them interesting/useful.

I am not sure if you are the same as 'banksworstfear.com' but you very much remind me of them, as you both are in very similar situations
82  Economy / Economics / Re: China will become Super Power ? on: October 14, 2014, 03:16:59 AM
China is already a super power, it controls America through its debt.

its also the worlds biggest real goods economy
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_sector_composition

the Chinese outproduce everyone in the world in Agriculture and Industry.
the only thing the Americans and Japanese produce more is bullshit paper pushing Services.
China has no recourse if the US were to decide to not pay it's debt. There is also nothing to stop the US from selectively paying it's debt-holders and only paying non-chinese debt-holders. The net amount that China is borrowing from the US is much less then the net amount that the US is borrowing. Once the US gets it's spending problem under control the fact that China owns a lot of US treasury bonds will mean nothing.

the US will never get its spending problem undet control because that means not paying welfare and cutting state pension checks, both are political suicide.
if the US defaults on its debt to china then china stops loaning new money.
with 80 billion usd a month in trade defecit that means the US goes hungry.
I think it would be possible for the US to generally reduce welfare to more manageable levels along with reforming entitlements to levels that are more in line with life expectancy levels gradually. I am sure that liberals will have a field day over this however it is something that needs to be done
whoever will try to reduce welfare will get voted out, no politician will ever commit a career suicide to do the right thing, they have their own lives and families to worry about.
welfare is like drugs, you can check in anytime you like, but you can never leave, not without chaos Soviet Union dissolution style.
The US has successfully reformed welafare in the past, most recently in the 90's under Clinton and he was reelected as president.

The reforms are usually in the form of lower benefits in the future to future beneficiaries while current beneficiaries remain unaffected.
83  Economy / Economics / Re: Easiest way to make BTC? on: October 14, 2014, 03:15:11 AM
Easiest way to earn btc in this forum is that you join any good signature campaigns or provide services as per your skills like programming, Social marketing etc.

If you have facebook/twitter accounts with good amount of followers, you can get paid for promotional tweets and facebook group postings.

Any work you can do based on your skills is much better than wasting all your time with faucets for pennies.
The signature campaign "method" of making bitcoin is certainly a very popular way of people making money. I am not sure how efficient it is, and there is certainly a limit as to how much money can be made.

I have really never seen promotions/advertisements for people willing to pay to have their ad posted via facebook and twitter like this. I also don't see much of a market for it either as followers can easily be faked.

+1 on the faucets as they are always a very bad investment of your time
84  Economy / Economics / Re: How can the interest on reserves be higher than the federal funds rate. on: October 14, 2014, 03:12:32 AM
^ I'll try to stay on topic.....

List of institutions that received the most money from the Federal Reserve loaned out with 0% interest and no terms to pay it back. These loans were funded from Dec2007 through June2010 and can be found on page 131 of the GAO Audit and are as follows....remember the bailout was only for 800 billion which you can see is a lie.....

Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
and many many more including banks in Belgium of all places

0% interest. That doesn't really matter since they are not required to pay it back.

Do you know that these are sums of transaction amounts, not the outstanding balances (which were quite small). In other words, it's just FUD.
A good point to make is that the loans taken by these institutions generally only last a day or two, and the 0% interest rate policy has lasted for several years. The result is that most of these institutions have borrowed very little at any one time from the federal reserve. Most banks currently have massive amounts of excess reserves so they have little reason to need to borrow from this facility 
85  Economy / Economics / Re: When will the USA pay their debts, if ever? on: October 14, 2014, 03:09:34 AM
the really sad part is how the American government is so dependent on foreign loans.

http://www.tradingeconomics.com/united-states/government-budget-value

129 billion government deficit just in august, if China doesn't loan any more money either the American army goes starving or the American government plunders its population for money.
America used to be the worlds biggest creditor nation, it has become the debt slave of the Chinese,
when one looks at the data it becomes clear who the real world power is.

Peter Schiff has it right https://www.youtube.com/watch?v=EgMclXX5msc&feature=player_detailpage#t=2417

You got it the wrong way. China will keep producing for USA and continue feeding them as otherwise if it collapse then all the dollars they have is worthless. USA is in a solid position, they buy with dollars which they know the sellers will try and keep propping up.

you assume China will continue throwing good money after bad forever.
they are already working with the BRICS to get rid of the dollar
http://www.standartnews.com/english/read/russia_and_china_team_up_to_destroy_the_petro_dollar-5652.html
the end game is near, once China refuses to accept dollars for products America goes hungry.
China has trillions of dollars worth of both dollars and US government issued debt. If the dollar no longer is a reserve currency then they will end up loosing a lot of money. China has a vested interest in the dollar continuing to be successful

nothing China can do will make the dollar successful in the sense that you can exchange it for products, America doesn't produce anything anymore and China knows it, they'll have to take a loss there's no way around it.
other countries are starting to sign currency swap deals to trade in their local currencies directly without using dollars, once they stop pricing their products in dollars the game is over.

http://money.cnn.com/2013/10/10/news/economy/ecb-china-currency/

China already signed an agreement with England to swap local currencies and now they do it with the EU, they are not going to continue playing the dollar ponzi, they are actively working on dumping it.
The US still has it's "war machine" which allows it to exert it's influence throughout the world. This includes economic influence. The US economy also produces massive amounts of foreign goods and services (including Chinese goods) so if the US economy were to tank then the Chinese economy would suffer as well

the US war machine buys its oil with borrowed Chinese money.
no Chinese money - no war machine.

if those goods and services are foreign how exactly does the US economy produce them?
if the product is produced in China then thats a chinese product, its bought with yuan, the factory workers are paid in yuan and the taxes are paid in yuan.

if the US economy were to tank the world would be better off.
the US is a net consumer it doesn't produce anywhere near as much as it consumes, it is a burden on the world.
The US consuming more then it produces actually helps the world economy. If it was not for the US demand then there would not be demand for as much labor (read: jobs) as there otherwise would be.

The Chinese economy would suffer if the US were to reduce it's demand for Chinese products, and it has after the past several US economic downturns.

The US has other ways to finance it's budget deficit other then Chinese borrowing, especially in times of war
86  Economy / Economics / Re: Why bitcoin prices are always very unstable on: October 14, 2014, 03:04:37 AM
I could be completely wrong but from observation, it seemed as though BTC/USD increased to $1,000 each last year because most of the speculators (particularly the newest speculators) hoped that people would develop more and greater services which would be centred around bitcoin. Which has happened but not quick enough then most had hoped and this is completely due to Government intervention, particularly China who is trying to eliminate it completely and the US Government would love to do the same thing but instead they will keep crippling the unregulated financial services offered in bitcoin. Now, I might be wrong but I believe that the fact that these asset exchanges and lack of banking services is a major contributor to why the price isn't higher than it is now. If everyone believed they could get huge returns quite easily using bitcoin then of course the price would be back to where it was beforehand. If people were so scared about the volatility then they would just hedge.

The increase in price last year was due to market manipulation by bots. Smiley
The bots were purchasing on behalf of speculators with a lot of money. It is not a conspiracy.

Zoznoz is likely correct to say that speculators were trying to profit from quick and massive bitcoin adoption but the chinese government was able to stem this in their country. I would anticipate them easing off these bans/regulations over the long term as they become more of a free market economy

Is there any evidence on the use of bots?

It was covered widely in the media.

http://www.theguardian.com/technology/2014/may/29/bitcoin-bots-bought-millions-in-the-last-days-of-mt-gox

I agree that bots were certainly used, however I don't think there is evidence that the bots were used to manipulate the prices. From what I can tell the willy bot was only a way that whales were able to buy up large amounts of bitcoin without suffering excess slippage.
87  Economy / Economics / Re: Will there ever be another crypto boom similar to BTC in my lifetime? on: October 14, 2014, 03:02:43 AM
Find an altcoin that you have faith in. Something that is different and in some way better than the rest. Study market trends, check out different coins, find one that is under valued and buy as much as you possibly can. This is how warren buffet made his billions in the stock market. By finding a company that was undervalued by everyone else but he saw potential in. Then he loaded up on the stock and waited.

I would suggest Supercoin or Myriadcoin. Both have a TON of potential. I have a very large amount invested in SUPERcoin. It's technology is better than all other anon coins and it is so cheap right now. Buy for 500 satoshi and eventually it could be $1 or $10 per coin. Read, read, read... talk to people, study the charts, make a decision based on the information and you'll do just fine.
Most altcoins are all but certain to fail because of the lack of additional useful features they provide that bitcoin does not provide as well as the fact they are much less secure then bitcoin.

I don't think we will see another crypto boom in that a lot of money will flow into altcoins as they have in the past. I think the reason as much has flowed into alt coins as there has is because many people made a lot of money off of bitcoin and have been able to be careless with their money. They did little research as to how much potential altcoins have and I think that people have now realized that altcoins have zero long term value
88  Economy / Economics / Re: Stock market tanking away to day. on: October 14, 2014, 02:51:29 AM
I've seen MASSIVE apartment complexes, practically small cities, completely vacant in the middle of nowhere while riding the train through China. It's strange to see nothing but farm-land, then BOOM, skyscrapers with no signs of life, then back to farmland.

This is the situation in other countries as well.  The real estate bubble is about to burst across the world.
There are really not any other countries that are doing this. China is building up a lot of skyscrapers to help their local construction industry but there is no demand for any businesses to rend the space in the skyscrapers so they sit vacant. Since no one is working in the skyscrapers and no one occupies them, there is no traffic that would cause demand for land around them (for stores, restaurants and shops) so the land surrounding them stays undeveloped. Chinia does have a massive trade surplus they can use to finance this however it is very strange they are doing this.
89  Economy / Economics / Re: Is the US economy going up or down? on: October 14, 2014, 02:36:30 AM
QE ending implies that the US economy is going up.
The effects of changes to monetary policy can take up to two years to be reflected in the economy and in inflation rates. The federal reserve is seeing signs that the economy is picking up at a rate enough to support higher interest rates, however they do not know for sure this is the case. If they raise interest rates now then they are guessing that the economy will be strong in ~2 years
90  Economy / Economics / Re: What does it mean when a "country intervenes in the currency market"? on: October 14, 2014, 02:33:37 AM
Intervention always ends up hurting more than it helps... it fakes demand similar to QE and all other forms of manipulation... it will come back to bite. If it moved up too far or down too  far.. tough loss your decision to sign plaza accord creating a deflationary spiral for everyone else other than USD.
I think QE is worse then intervention. QE is determined to be long term manipulation and is very difficult and time consuming to unwind. The effects of QE will also not be immediately known.

Intervention on the other hand takes effect immediately and can easily be reversed by intervening in the other direction (or can simply cease intervening)
true... just a form of intervention obviuosly qe is worse or else us would have just done a normal intervention and used profits if any to bail ppl out etc but they needed money right away so.
Currency intervention only works when other countries are not intervening to make their currency weak as well. If that were to happen then the federal reserve would simply be selling euros to the ECB. QE will be necessary when many countries are attempting to intervene in credit markets, although it is much more complicated
No intervention is always against usd or eur.. usd and eur... Chf is the only one doing it vs eur because that is the major trade partner.. There is a currency war going on and it is a precursor to a real war(last stage)
Intervention is usually done "against" the local currency that the central bank is attempting to manipulate. Much of the trading via intervention is done against the dollar and the euro because they are the most heavily traded currencies however the intervention should affect the local currency against all currencies
yup and because those are the ones used across the world.. to drive exports local currency has to devalue however the swap rates allow carry trades against them thus they fight uphill battle.. Its $4 trillion everyday that you must fight... pretty much fruitless unless you want to lose trust in the system which is what is happening with everyone racing tot he bottom..
Not all countries have a "weak local currency" currency policy. Some will let the currency freely float against other currencies regardless of what the market does. The only currencies that will have the problem of being too strong are countries that have net exports as their currency will naturally get stronger as they sell products overseas, bring the profits home and buy the local currency.
91  Economy / Lending / Re: [Lending] BTC to innovative thinker(s)!!!! on: October 14, 2014, 02:24:13 AM

Quote
Can you sign an address with "quite a stock" of btc in it, so we know you're not just trying to scam?

I was waiting for this question to come honestly. I made this account just some days ago as i wasn't aware of this community.

Though i am somewhat active on lb.

I am taking screenshots of some of my wallets and will upload them in the main post within 10 mins.  Grin



Screenshots won't cut it.  You can take another person's wallet screenshot and pass it as your own.   Undecided
I believe 100% that these are his wallets. All he has to do with blockchain.info is find a random address with bitcoin "in" it, add it as a watch only address and the balance and transaction details will show up as the OP has advertised.

What I don't believe is that the OP actually controls a private key to an address that controls any of these amounts as most people with this much bitcoin would have bothered to learn that a signed message is really the only way to prove that you control the amount of bitcoin that you claim.
92  Economy / Lending / Re: BTC Jam loans on: October 14, 2014, 02:20:11 AM
This way it is a win-win situation and you dont have to worry about being scammed Smiley

Right.  I see you are taking out a number of "reputation" loans, which allow you to borrow greater amounts each time until you finally do scam. 

The people on this forum are smarter than the users on that website - it won't work here.  Undecided
I don't see why we even allow BTCjam loans to be advertised on here. None of the BTCjam loans would not be able to be filled directly on here if they were a suitable risk.

IMO putting your link to a BTCjam listing is nothing more then advertising spam.
93  Bitcoin / Bitcoin Discussion / Re: Journalists are shockingly dumb... on: October 13, 2014, 10:44:08 PM
http://www.wallstreetdaily.com/2014/10/13/bitcoin-volatility/

My favorite:
The currency is created when people compete to “mine” them. But, unlike gold, there isn’t a finite amount. New supplies of Bitcoins are created from a computer’s processing power and the users behind them.
Most news articles are written on a 9th grade reading level. If they write at a more advanced level then their articles will not get read by much of their audience. News articles also need to be written in a way so that someone with no prior knowledge of the subject matter of the article could understand the substance of the article
94  Economy / Lending / Re: Loan requested - Business startup on: October 13, 2014, 10:42:01 PM
And I do have several hundred LTC.   I am keeping that, for loan repayment installments, while my investment comes to fruitation.

I will have no problem repaying the loan.   But I would be an idiot to give LTC as collateral, and pay interest on an equal amount of currency ...   

I have titles and deeds, and a good rating, and I have more than verified myself.   The loan will be repaid.   That has to be enough, or it doesn't matter.   If someone can find a method to make a title work, or a deed, PM me.
If you have all this LTC then why are you wanting to borrow BTC in the first place? Wouldn't it make more since to just sell the LTC and use those proceeds to fund your project, especially considering that you are planning on using the LTC to make loan payments
95  Bitcoin / Bitcoin Discussion / Re: Is stealing bitcoins illegal? on: October 13, 2014, 10:39:53 PM
I think this is covered by law in most countries regardless. In germany this would probably fall under §202a StGB the so called "Hacker paragraph". Its basically electronically trespassing. The law just requires that you are not allowed the access the information/data by me and I secured it/them in a reasonable way.
What if bitcoins are stolen without hack? For example "Random generator" bug(like was https://bitcoin.org/en/alert/2013-08-11-android )  or if two people use same phrase for generate bitcoin address via "brainwallet".

Not sure if "guessing the same seed for a brainwallet" counts as "overcome the accessrestriction". I am no lawyer but it think both of these would fall under "sucks to be you". Bugs are (assumed to be) not intentional and brainwallets that can easily be guess are no "accressrestriction".

Is there any known ruling about stolen bitcoin in any country?
Correctly guessing the passphriase to a brainwallet is on very shaky grounds however it likely not illegal. Since the controller of the private key is the defacto owner of the bitcoin controlled by the private key, since the person guessing brain wallets would control the private key they would be the owner of the bitcoin they move out of the brainwallet.
96  Other / Meta / Re: my ip for my bitcointalk account on: October 13, 2014, 10:36:09 PM
The IP logged on bitcointalk would be the same IP displayed when you access:
http://www.myipaddress.com

You do not need to worry about your account logged in on multiple computers. When you click logout, bitcointalk logs out all your sessions.
The OP is likely wanting to know the specific IP addresses that were used to access his account in the past. I don't think this is information that will be made available to a user as it would be possible they are using a purchased account and the mods don't want the purchaser knowing the IP address of previous account owners
97  Bitcoin / Bitcoin Discussion / Re: Tor+Blockchain wallet hacked? 633 btc loss on: October 13, 2014, 10:33:20 PM
This person has probably been attacked with a man in the middle attack. I think he has used a malicious TOR exit node which was sniffing his traffic. They then messed with his SSL certificate to blockchain.info. Because of this the user was logging in at blockchain on an unsecure (HTTP) connection. The attacker was able to sniff his data, and get the password. Im doing researchs to these attacks as we speak. Very frightning.
This would not work. Everything is done on the client side as far as encrypting and decrypting the wallet, creating new private keys and signing TXs. If the SSl certificate was tampered with then he should have received a warning.

The only thing a TOR exit node would have been able to do is stop the TX from being broadcast or prevent the user from accessing his wallet.

IMO TOR had nothing to do with the fact his money was stolen (if it was in fact stolen)
98  Economy / Economics / Re: Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts on: October 13, 2014, 10:24:05 PM

The same thing is with government debt. It's in there because domestic private and foreign sectors are willing to save. There are no any shenanigans in this, sectoral balancing is a simple thing that anyone can manage understand.

The day foreign countries like China decide they have enough USD, the government may find it difficult to manage its high debt levels.
China is a net exporter of goods to the US. This essentially forces them to be a net buyer of US dollars. If they did not do this then their currency would get too strong which they do not want (and would hurt their own economy)
Exactly. The simple accounting principles tell us that Chinese are accumulating dollars because they have to, not because they want to.
They really don't have many other options for investments to use their massive trade surplus. The Euro is really only the viable option, however it's face is not certain and it has come close to breaking up in recent years. The next widely traded currencies are the british pound and the yen which are really too small for the Chinese to buy in any significant quantities. 
99  Economy / Economics / Re: Mainstream merchant adoption leads do declining Bitcoin price? on: October 13, 2014, 10:20:06 PM
3600 are produced daily I think....

And it is only a small fraction of total exchange volume.
According to blockchain.inf/markets, bitstamp has ~$9.5 million in trades in the last 24 hours, with bitcoin trading at ~$400, that works out to ~24k bitcoin in the last 24 hours. The amount mined per day is roughly 15% of that figure. Taking away 15% of the supply of a product would almost always have an impact on the price
100  Economy / Economics / Re: Will bitcoin survive the impending financial crash? on: October 13, 2014, 10:07:02 PM
Well the past week or so hasn't exactly been a 'financial crash' however the world stock markets have declined pretty sharply in the past week or so, in the same time period the price of bitcoin has gone up by close to $100 or ~33%.

I think it is fair to say that bitcoin will generally go up in times of financial panic.
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