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8861  Bitcoin / Bitcoin Discussion / Re: Bitcoin will only be embraced by politicians and government officials when ... on: March 30, 2014, 04:02:13 AM
Bitcoin will only be embraced by politicians and government officials when they learn how to use it to collect campaign contributions or fund their own retirement plans, in a way that has significant advantages over cash.

The process varies in different countries, but the principle is the same.



The Libertarian Party has been accepting bitcoins for a while now
https://www.lp.org/make-a-bitcoin-contribution
8862  Other / Off-topic / Re: Doge strikes again! on: March 30, 2014, 03:58:56 AM
well yeah it's a good thing for cryptocurrency as a whole but there bitcoin community should take notice and start doing real stuff with all the millions$ some have

They are hosting conferences, petitioning the governments of the world, launching ATM's and building banks, even Goat has his charity thread and Dabs had one for the Philippines before its just that we don't notice them as often because there is a lot of stuff going on in Bitcoin while doge being smaller can make its efforts a lot more visible to its users.
8863  Alternate cryptocurrencies / Altcoin Discussion / Re: Just so you guys know, altcoins isn't the reason for bitcoins price dropping on: March 29, 2014, 11:56:30 PM
Been hearing this a lot, its called the news and all the negative reportings surrounding btc thats dropping this

Stop putting the blame/excuses on altcoins or shitcoin (not defending shitcoins but it will sort itself out)

Mind providing a few charts logarithms and hard data to prove your speculation  Wink
8864  Bitcoin / Bitcoin Discussion / Re: White House Petition to AMEND IRS NOTICE 2014-2 Taxing virtual currency/Bitcoin on: March 29, 2014, 11:55:42 PM
I like it the way it is;

Bitcoin is property and each coin can be individually tracked by its hash.

You can design a wallet that will spend newest hash first to reduce your tax liability below where it would be as a currency...

You cannot be required to sell one property before another because property is not fungible...

That sounds fairly proper for treating Bitcoin what is the alternative suggestion or approach then
8865  Bitcoin / Bitcoin Discussion / Re: Name something you've actually BOUGHT with bitcoin on: March 29, 2014, 11:49:52 PM
I feel like the vast majority of people are investors right now. Is anyone actually using bitcoin to buy things? If so, what? I've purchased other cryptocurrencies with it, but that's it so far...

Stocks Business Cards  Wifi Antennas and a T-shirt
8866  Other / Off-topic / Re: Doge strikes again! on: March 29, 2014, 11:43:55 PM
Congrats to doge community.

Well its nice they are working to generate a good reputation so cheers
8867  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin Built to Last a couple of decades? Will other altcoins rise up? on: March 29, 2014, 07:54:37 AM
What are your thoughts?

The alt-coin bubble is popping but it is what will emerge from the survivors should be some decent small cap coins with a possibility of a future
The rest end up cryto-trashed.

As for Bitcoin itself in five years

The ethereum project a concept right now and the Mastercoin project should be well underway so levels on top of the current bitcoin network will probably enhance and diversify it away from other crytpos.

That said their may be a differentation model and first gen alt coins like the ones presently will be super seeded by a handful of second gen coins with enhanced features like the ones mentioned above

Five years ago bitcoin was just an idea and not the revolution in finance it is today five more years and this period we are looking at now could be the 1990s internet innovative in its own right but something that can be built upon and improved to look like todays internet in comparison

So the future is still bright the stage may be set with a few more contenders small scale that will compete for number 2 or 3
8868  Alternate cryptocurrencies / Altcoin Discussion / Re: Why all the coins are getting cheaper? on: March 29, 2014, 07:51:31 AM
the alt-coin bubble is popping ...

It likely is but what will emerge from the survivors should be some decent small cap coins with a possibility of a future
The rest end up cryto-trashed
8869  Alternate cryptocurrencies / Altcoin Discussion / Re: Most anonymous coin? on: March 29, 2014, 07:50:30 AM
Probably will be the Zero Coin whenever it makes an appearance
8870  Other / Meta / Re: Top Posters [UPDATED CHARTS] on: March 29, 2014, 07:49:57 AM
I'm a bit confused on the second chart

First one is total users on X axis and number with a certain amount of posts as Y

But what does the second one measure?
8871  Other / Beginners & Help / Re: Hello :) on: March 29, 2014, 07:46:35 AM
Welcome to the forums I hope you enjoy your stay here
8872  Bitcoin / Bitcoin Discussion / Re: Bitcoin 5 years from now on: March 29, 2014, 07:44:20 AM
The ethereum project a concept right now and the Mastercoin project should be well underway so levels on top of the current bitcoin network will probably enhance and diversify it away from other crytpos.

That said their may be a differentation model and first gen alt coins like the ones presently will be super seeded by a handful of second gen coins with enhanced features like the ones mentioned above

it will be an interesting five years

Five years ago bitcoin was just an idea and not the revolution in finance it is today five more years and this period we are looking at now could be the 1990s internet innovative in its own right but something that can be built upon and improved to look like todays internet in comparison
8873  Economy / Speculation / Re: I'm All In - Sold My House! on: March 29, 2014, 07:41:16 AM
OP: I hope you took my advice:


1) Figure out your actual cost/BTC (starting with what you would have wanted for the house, and estimating the fees), i.e. How much would you have now if sold the normal way?
2) Now sell at least ~10% of the BTC (this week!) for a very small profit and ~10% when up ~$100/BTC
3) Buy back for a profit when BTC falls.
4) Sell on rallies and repeat, since you are increasing your number of BTC.

The Bear Market could get nasty + by selling only 20% you are not risking "missing out" on a huge Rally.
Take this advice or you may later really wish you had, good luck.


EDIT:
OP gone since March 15th....On vacation?

Probably doesn't want to hang out on the forums when he has BTC that or it might tempt him to much to do irrational things
8874  Economy / Trading Discussion / Re: How can I get 40 btc per day? on: March 29, 2014, 07:38:51 AM
40 BTC a day is a lot of money, the only ways to do that is to really get lucky in Altcoin trading or to have a large capital base. That said I don't think the second point applies here so pretty much either produce a product and get enough sellers to do that or suicide gamble lol.

As for acquiring them well ATM if your lucky a bitcoinstore is really rare, so best route is to use an exchange or localbitcoins if you do not want to verify. Can get a bit of change from quickbt as well.

Best of luck
8875  Bitcoin / Press / Re: Chinese Bank Rumors Cause Panic Sale and BTC Price is Going Down on: March 29, 2014, 07:33:26 AM
Well news can move markets and I guess hoaxes do as well recalls the Obama was shot news that caused a flash drop then a quick recovery
These long news issues with government involved make it trickier to verify though so we shall wait unfortunately
But if a hoax this is a nice discount price due to markets misreading the information in a sense
Of course this can only be seen retrospectively
8876  Bitcoin / Mining speculation / Re: Bitcoin price is down again. WHY ? on: March 29, 2014, 07:19:05 AM
Well since its mining speculation think we will see a declining difficulty if this keeps up for an extended duration or just a slower increase
8877  Other / Off-topic / Re: What is your Wish? on: March 29, 2014, 04:52:25 AM
I wish I have 1 million wish. Why? I want to wish for more.  Grin

Think that's the wish that makes you the genie lol
Being immortal I can just find more of them if they are around the cosmos with infinite time lol
8878  Other / Off-topic / Re: [Reserved] Pending Announcement on: March 29, 2014, 04:50:48 AM
Waits in anticipation
Then screams its a TRAP


China dislikes BTC

Satoshi likes model trains

?

It's A Trap I say China Likes BTC just the Party have no love for BTC

Satoshi does not like Model Trains it Was Dorian Nakamoto that did ^_^

Now I get this thread ?
8879  Other / Off-topic / Re: What is your Wish? on: March 29, 2014, 04:47:54 AM
To go back in time 20 years.

The curse that drives mortals insane
Immortality to explore the cosmos

Since technology is finally advancing being immortal before that would just suck after a few eons  Wink
8880  Economy / Speculation / Re: $300 or $800 next? on: March 29, 2014, 04:45:07 AM
Well when looking at that chart it certainly seems like a downward trend but the fundamentals start to measure up a bit lower down so interesting call, guess we will see soon.
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