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8141  Bitcoin / Bitcoin Discussion / Re: Does Bitcoin Require Regulations? on: June 04, 2014, 02:47:04 AM
Welcome to Bitcoin.

I suggest you learn about the protocol by reading the white paper.

93% who have seen and voted agree...
I am apart of that 93%.

He-he You mean your one of the three that clicked agree and not one of the forty three users that voted
I disagree which is NO Smiley
8142  Economy / Speculation / Re: URGENT, Bitcoin is on the verge of collapse !!! on: June 04, 2014, 02:41:00 AM
Collapsing faster than we've seen ever before, get out while you can now!

That must have been one quick collapse, calls it the bubble that went sideways
Then back up again to the moon
8143  Economy / Securities / Re: ASICMINER Speculation Thread on: June 04, 2014, 02:39:27 AM
Simply put AM is a wait and see company in my opinion
From the strong result last year to a fundamentals company but with no cash to distribute one can look at it like a traditional non paying stock and try and value it based on just assets, which seems like what the market is doing at present.
8144  Economy / Services / Re: Get paid for your signature from FXOpen. Weekly payouts. on: June 03, 2014, 10:01:37 AM
Chef Ramsay, Swordsoffreedom, alani123, Wolf Rainer, damiano, haploid23, listed. Thank you.

Swordsoffreedom, please, check your signature. I see a little black line on the bottom. What's this?

Woops that was a division note so I know where the signature line ends
Removed it Wink
8145  Other / Politics & Society / What does Quantum Teleportation mean for Bitcoin? on: June 03, 2014, 09:48:16 AM
Scientists achieve quantum teleportation breakthrough that could prove Einstein wrong.

Quantum Teleportation has the potential to bring about a more secure mechanism of data storage when applied to technologies
Rather than a series of bits labeled in 1s and 0s

This may be a key step into Quantum communications with accurate teleportation of quantum information a key step towards building quantum networks exponentially more powerful and secure than today’s supercomputers.

While regular computers store information in bits (signals which exist as only a 0 or a 1) quantum computing uses ‘qubits’ which can hold multiple values at the same time. Getting these bits to communicate with one another as the physicists at Delft say they have could then be key to making an unhackable network of quantum computers.

"The main application of quantum teleportation is a quantum version of the internet, extending a global network that we can use to send quantum information," said Professor Hanson.

"What you're doing is using entanglement as your communication channel. The information is teleported to the other side, and there's no way anyone can intercept that information."

Einstein himself doubted the existence of quantum entanglement, a phenomenon in which particles located as far away as opposite sides of the universe remain inextricably linked. Whatever happens to one particle instantaneously happens to the other like a quantum-powered Voodoo doll.

So is teleportation the evolved future of Bitcoin and its related technologies or is that a question that only time can tell.

http://www.independent.co.uk/news/science/scientists-achieve-quantum-teleportation-breakthrough-that-could-prove-einstein-wrong-9462053.html
http://www.engadget.com/2014/05/30/physicists-claim-reliability-breakthrough-in-quantum-teleportati/

As a bonus Bitcoin blocks are generated every 10 minutes as Satoshi programmed it to and In the Maryland experiments though, this one-in-a-100-million success rate still meant that a qubit of information took only 10 minutes to successfully transfer. This gives some indication of the staggering speeds at which even the most basic elements of a quantum computer function.

Coincidence Tongue

Edit: Agree with the comments in the thread Einstein didn't say it was impossible just highly unlikely
8146  Bitcoin / Press / Re: Missouri shuts down Active Mining investment activities on: June 03, 2014, 06:34:56 AM
I guess this is a final farewell to the btct days
Activeminer died a much slower death than labcoin but nonetheless it was a failed asset

"The fact that somebody is selling investments through Bitcoin rather than traditional currency doesn't change their obligations to investors, and I encourage Missourians to call my office before making any Bitcoin investments," Kander said in the release. "Investors have a right to know the full set of facts about both an investment and its backer, including the risks, profit-generating strategy and pertinent financial history."

Additionally, Kander said Slaughter should have advised investors of relevant complaints against Slaughter and his previous company, Active Internet Communications.

Glad this investigation yielded a result though for the investors in Activemining
8147  Bitcoin / Bitcoin Discussion / Re: Just bought an Android phone for the BTC apps. Did I goof? on: June 03, 2014, 06:22:56 AM
Literally a day before the Apple news came out.  Should I just sell it and keep my iphone 5s?

It depends on your preference if you want to experiment with the Samsung why not that said if you have a 30 day return period and want to save some money returning the phone makes sense.

That said I am not an apple person so would say stick with Samsung but finances come into play so that bias says if you have a spare phone and don't need it return it pocket the money and use it on something else you can benefit from.
8148  Economy / Speculation / Re: URGENT, Bitcoin is on the verge of collapse !!! on: June 03, 2014, 06:12:05 AM
I think coming back here 65 years later to say you were wrong would kind of be ironic
It means that bitcoin was around at least 65 years and the forum kept an archive of the thread that long
Anyways a doom and gloom prediction should be in the next 5 years or less in my opinion otherwise its unfair
Kind of like saying the USA will default someday sure but the question is when
I say within 20 years if nothing is changed otherwise switch to mulit currency system or Bitcoin and virtual currencies being that sector Smiley
8149  Economy / Speculation / Re: Spring Rally! on: June 03, 2014, 06:02:36 AM
The Summer Rally! is progressing well as new short-term highs have been coming almost every day.  Smiley
The drop from $660+ to $600 was "scary", but it recovered fast and is testing the recent high soon.

It's going up faster than it came down.. Soon 666$ thread will pop up again.

Good call, the 24 hour high at btc-e is currently $665.

Tssk I'm a bit disappointed that it missed $666 the number by 1 dollar
Well there is always tommorrow
Anyways bit curious I see 668 on BTC-E not 665
High: 668.416 USD
8150  Bitcoin / Bitcoin Discussion / Re: Time is Running Out for Mark Williams Prediction of a $10 Bitcoin on: June 03, 2014, 05:58:25 AM
A bet that no one else but Mark Williams would take now if he put his money where his mouth is this would have been an interesting bet.
However since he did not we can just have fun poking at him Smiley
Now I wish they would change the economics books sigh teaching a whole generation of bad economists
8151  Other / Politics & Society / Re: Snowden should 'man-up' and face trial: says SOS John Kerry on: June 03, 2014, 05:54:08 AM
An open court trial would be very interesting.

I don't think that the CIA will permit an open trial for Snowden. There is too much of classified information at stake. The CIA will raise objection and everything will be conducted secretly.

I agree the CIA would force the judge to not include evidence in the trial.
Sometimes deciding what is not fit for the trial or applicable to it can make or break the result.
8152  Bitcoin / Bitcoin Discussion / Re: Help us decide video about which bitcoin myth we should do next! Please. on: June 03, 2014, 04:28:25 AM
Thanks glad you enjoyed the jokes Smiley
I'll throw in one more just a note somewhere in an episode that Bitcoin will never run out of unique deposit addresses
https://bitcointalk.org/index.php?topic=629280.msg6999273#msg6999273
8153  Economy / Speculation / Re: How many bitcoins do I need to retire in 20 years? on: June 02, 2014, 11:28:50 PM
If we do extrapolation using data from 2009 till now, you only need less than 1 bitcoin to become extremely wealthy in 20 years.

So buy 10.

That sounds about right a penny saved is a penny earned so
A bitcoin saved could be a fortune later
That or try an altcoin lol
Then again a penny saved is $0.0094 earned after adjusting for inflation.

Touche Taras
I should clarify that a Penny Saved in a non inflationary society is a penny earned
In Bitcoin this occurs in 2140
But fine tries another quote
It's just like the magic penny hold it tight and you won't have any
Lend it spend it and you'll have so many they will roll all over the floor Smiley
8154  Economy / Economics / Re: what caused the rise to $1100 last year? on: June 02, 2014, 11:26:10 PM
I would say China was the main factor involved in the rising bitcoin prices during November 2013
The breaker was mtgox and several legal regulations regarding Bitcoin being set
Although the USA senate hearings were part of the bull run at that time.
8155  Economy / Speculation / Re: How many bitcoins do I need to retire in 20 years? on: June 02, 2014, 11:15:48 PM
If we do extrapolation using data from 2009 till now, you only need less than 1 bitcoin to become extremely wealthy in 20 years.

So buy 10.

That sounds about right a penny saved is a penny earned so
A bitcoin saved could be a fortune later
That or try an altcoin lol
8156  Economy / Securities / Re: ASICMINER Speculation Thread on: June 02, 2014, 11:08:54 PM
Let's assume all upcoming news are great. At what point would you dump like share price’s 4 again?

If I woke up tomorrow and shares were selling for 4 BTC, I would sell over half of my shares.


While I applaud your enthusiasm, I cannot foresee the share price hitting 4+ BTC ever again with the exchange rate and increased competition. Would be nice though, wouldn't it?

One can always dream although I think raking in 10 times profits seems more than reasonable from these levels
Let alone 20 Smiley
8157  Economy / Securities / Re: [Havelock] RentalStarter - A Midwest Real Estate Investment Company on: June 02, 2014, 11:06:53 PM
Few quick updates.

W. Mill - There have been some somewhat major issues with the heating/cooling and plumbing. Tenants are weeding out the issues, all due to it being a 134 year old home, there was a sewage backup and our guys got sprayed with.....stuff. Cost us a few hundred bucks to fix all the problems.

I just imagined that it sounded really unpleasant to say the least.
Thanks for always keeping us up to date and keep up the good work
(And bring goggles and a facemask for stuff...)
8158  Bitcoin / Bitcoin Discussion / Re: Help us decide video about which bitcoin myth we should do next! Please. on: June 02, 2014, 09:03:39 AM

Yeah, this guy can give us work for years to come Smiley
How come stupid people become famous all the time?

Your guess is as good as mine on that topic but guys like that will definitely keep you busy ^_^
 
Goes with an idiot quote

“When people lack true culture or are devoid of innovative ideas, they speak about wine, various brands of alcoholic beverages, or the quality of soap.”
― Dimitris Mita

And a fractional reserve economist quote

A mathematician, an accountant and an economist apply for the same job.

The interviewer calls in the mathematician and asks "What do two plus two equal?" The mathematician replies "Four." The interviewer asks "Four, exactly?" The mathematician looks at the interviewer incredulously and says "Yes, four, exactly."

Then the interviewer calls in the accountant and asks the same question "What do two plus two equal?" The accountant says "On average, four - give or take ten percent, but on average, four."

Then the interviewer calls in the economist and poses the same question "What do two plus two equal?" The economist gets up, locks the door, closes the shade, sits down next to the interviewer and says, "What do you want it to equal"?

Good collection
http://www3.nd.edu/~jstiver/jokes.htm
8159  Bitcoin / Bitcoin Discussion / Re: Help us decide video about which bitcoin myth we should do next! Please. on: June 02, 2014, 08:26:29 AM
Well you guys could try more technical things like second level protocols for dummies or sidechains for dummies
Break it down so people are able to understand what they are and clear any misconceptions before they arise
Talk about Ethererum, Mastercoin, Maidcoin, Sidechains Blockchain compression etc.

This series is targeted for the mainstream and Bitcoin. You have to keep your focus, right?

Possibly but in a sense development is dynamic and never static
That said I found a good series of myths from economist Mark T Williams you can break down  Grin
http://www.cryptocoinsnews.com/news/mark-t-williams-bitcoin/2014/02/17

Got some goodies like
Bitcoin Developers and Miners are Central Bankers
Bitcoins are Too Volatile
Bitcoin Has a Software Flaw
A Cyber Attack Triggered a Flash Crash Down to $102
Bitcoiners are Commodity Traders
Bitcoin is Illegal in China, Iceland, Russia, Thailand, and India
Bitcoin is for Money Laundering and Tax Evasion, Not a Failsafe Financial Innovation
Bitcoin Has Flawed Software, Has No Trading Infrastructure, and Should Be Tightly Controlled

And yes that was a snub on him Smiley
8160  Other / Off-topic / Re: which dish you like to cook for yourself ? on: June 02, 2014, 04:55:23 AM
I am not a great cook. The only dishes which I can prepare are:

1. Bread omelette
2. Cheese toast
3. Fruit salad.



Think you can expand on that list and add potato salad all you need is some potatoes and cheese Smiley
Then throw in some fruits for variety raisins etc.
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