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881  Bitcoin / Bitcoin Discussion / Re: Gavin reveals Satoshi's been secretly working on BTC 2.0 on: April 01, 2015, 12:32:56 PM
Wow. I wish if only this turns out to be true. It sounds too good to be real and I mean to have Satoshi still around developing bitcoin means everything to the community. But anyway, nice April Fool's prank. It almost caught me as well.
882  Bitcoin / Bitcoin Discussion / Re: It's time for Plan B. #Bitcoin on: April 01, 2015, 12:15:53 PM
If there is going to be plan B then there supposedly should have plan A. So can I presume that since he is a bitcoin bull the previous price hike that we saw the price rally close to 300 has something to do with plan A
883  Bitcoin / Bitcoin Discussion / Re: Paid a hooker in vegas using Bitcoin Saturday night on: April 01, 2015, 05:57:01 AM
Talk about paying in bitcoin i think it's safer. If you overslept because of exhaustion all your money might be gone.  Grin However with bitcoin if your wallet is password protected, the worst that could happen is you will lose your phone or maybe your clothes and watch.
884  Bitcoin / Bitcoin Discussion / Re: How can I keep MYSELF from spending my BTC in the next 5 years? on: April 01, 2015, 05:43:20 AM
Eventually it all goes back to yourself on how you control the spending desire. Yeah you can assign some program to lock it or do whatever is needed but main thing it still goes back to you. Similarly like your finances, it all depends on how you manage it.
885  Bitcoin / Bitcoin Discussion / Re: Could you imagine your life without Bitcoin poll on: April 01, 2015, 05:21:01 AM
I can imagine life will continue as it is being enslaved by the existing banking system and forever be blinded, robbed of our financial freedom. At least right now with bitcoin we have options. The people have choice to choose from.
886  Bitcoin / Bitcoin Discussion / Re: 2/3 of All Bitcoin Mined! on: March 30, 2015, 11:46:41 AM
Talk about halving we should now expect it to take place much earlier than our projected date. I expect this to be the milestone because then we'll see how efficient mining can be to continue remain profitable
887  Bitcoin / Bitcoin Discussion / Re: 14 miilion BTC, today on: March 30, 2015, 11:42:09 AM
I don't think satoshi expected this but anyway it shouldn't be a cause of concern as the economy will by right adjust itself. I guess he must be proud to see the hash rate going up to current level
888  Bitcoin / Bitcoin Discussion / Re: How would you convince a newbie to use BTC? on: March 30, 2015, 10:58:00 AM
The best thing to do is have them try out themselves how things work. Lead them to faucet and tell them basically the bitcoins that they earned is equivalent to real money. Once they got hooked they will by themselves search more information and voluntarily learn about bitcoin. I find that it's much better than telling about decentralization, deflationary which doesn't impress them at all.
889  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin be hacked and what will be the result if it happens? on: March 30, 2015, 10:53:36 AM
There is no way for you to find out the private key just by knowing the public key but you can certainly brute force. However the probability using this method to find a private key that actually holds bitcoin is low. To hack the network you will need considerable hash rate to do so, thus overall in general very much unlikely.
890  Bitcoin / Bitcoin Technical Support / Re: storing wallet backup in the cloud? on: March 30, 2015, 02:45:47 AM
Generally I try to avoid that even though you can encrypt it with a strong password before storing it in cloud services. It will become a problem if you accidentally lose the password so it becomes another problem instead.
891  Bitcoin / Bitcoin Discussion / Re: Bitcoin & Nasdaq on: March 30, 2015, 02:38:52 AM
If bitcoin managed to secure at least half the fund currently trading in nasdaq that would certainly make a whole lot difference to drive the price upwards. While that means fresh fund....But not sure overall is good because that would cause even more volatility
892  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the late adopters, gentlemen. on: March 28, 2015, 10:32:16 AM
There are still so much more to bitcoin in terms of development  mainly the infrastructure in terms of payment system. When the adoption rate grows and become higher, price is certainly going to move up. There are still so many people who have not known about the coin so imagine when this takes off what would be the impact. So in reality we are still not too late to join the bandwagon.
893  Economy / Economics / Re: Pay what its worth business model on: March 28, 2015, 10:13:48 AM
I think your main objective is to offer price as low as possible in order to crush your competitor and then hoping that you build up your customer base from there. I think that is pretty much workable business model if you can sustain long term maintaining at that price. Only the most well run business will survive
894  Economy / Economics / Re: $1.4 billion invested in bitcoin, with price slowly declining on: March 28, 2015, 10:06:23 AM
I'm sure these people know what they are doing. It's not like when they make investment they haven't prepare for all these eventualities when it comes to price dropping. But anyway have reasons to believe that these are exchangers account.
895  Other / Off-topic / Re: If BTC goes to $1000 or more, what would you do? on: March 28, 2015, 05:23:58 AM
I will sell a part of them and keep the most.
I think I would be all in or nothing. I wouldn't just sell off half if it rose a bit, if I really thought it would go higher I would keep saving until I am happy with my profits. I don't think I would ever just sell half

Definitely not now but I really don't have plan in mind on when to sell. Maybe i will continue to hang on and if one day bitcoin has gone mainstream, there is no point in selling and then having to buy back again at higher price.
896  Economy / Economics / Re: How to save money. on: March 28, 2015, 03:43:55 AM
I believe in only spending when it is necessary. The worst is taking loans to buy stuff that depreciate in value. Younger generation these days tend to spend indiscriminately leaving very little for savings. When it comes to saving it's a matter whether one has the discipline to do it.
897  Bitcoin / Bitcoin Discussion / Re: Have Bitcoins helped to improve your life? on: March 28, 2015, 01:25:42 AM
Right now it hasn't change anything but at least it has given me hope that one day the bitcoin will be currency for our daily use. I find that trading is a very exciting activity and mainly what i like the most is collecting every coin that i can afford
898  Bitcoin / Bitcoin Discussion / Re: An interesting comparison of 2 user's opinion on bitcoin - Like night and day on: March 28, 2015, 12:26:22 AM
Each individual has the right to his own opinion. One thing i notice when it comes to bitcoin is that either the person will have a very strong belief in a positive way or in a negative way, that whatever views challenging it will find it very hard to accept but very few would walk along the middle approach.
899  Economy / Economics / Re: destroying bitcoins on: March 28, 2015, 12:14:29 AM
The point is every time we spend buying with bitcoin the logical approach is to buy back to cover the amount. Else it will be a net drain going to the market as the merchant will just convert it to fiat. This will keep the coins flowing
900  Economy / Economics / Re: The Bitcoin Economy on: March 27, 2015, 10:39:44 PM
I don't think volatility can be stopped as long as there is speculative trading. However i can imagine this being reduced in the near future as bitcoin price climbs and with higher mainstream adoption.
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