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921  Economy / Economics / Re: This is how 0.037 Bitcoins looks like in Venezuela on: August 13, 2015, 07:50:35 AM
Read this article about an Australian guy backpacking in Venezuela,  the article is from april and since then the currency lost 40 % of his value

http://www.news.com.au/travel/travel-advice/i-went-from-broke-to-an-instant-millionaire-here/story-fn6yjihw-1227300495540


What a great and the same time frightening story. I still don't understand how a country with so much oil and that beautiful nature(tourists etc) can get that broke.
922  Economy / Speculation / Re: Stocks fall globally as Greek talks collapse on: August 13, 2015, 07:06:03 AM
The plan is clear. Troika is exploiting all those poor countries specially the south european ones, they will take their economies down through ridiculous austerity programs, and buy their debt at a ridiculous price with the consent of each local elites. This will be a world wide agenda of privatization of all services.

Um, what? How is the Troika buying debt? I seriously din't get what you are trying to say. Would you like to buy my debts? I guarantee you ridiculous profits. Roll Eyes

Privatising services? You mean selling state companies/land/isles to private market entities?



You can't compare personal debts to gov't debts. People buy gov't debts all the time. It's called bonds. No one will buy your personal debts because, frankly, we know you will never pay it back. Gov't debts are sold to raise money for public projects like bridges, highways, ports, etc which in turn generates revenue to pay the bond-holders. I had invested a few hundred $$$'s in US Treasury bills and they have become pretty valuable. If I had bought your personal debts, I will have lost my shirts. Do you see the difference?

Well... If I could print my own money, i surely would pay you back all of my debt.  Wink
923  Economy / Micro Earnings / Re: how much can you make weekly? on: August 12, 2015, 08:08:16 PM

I agree, cutting off meat helps a lot. I can survive just fine with 4€ per day for food/drinks in Germany. You just have to plan a little in advance and know exactly what you re gonna eat and what is too expensive. Smiley I changed my eating habits from eating 700g meat per day to ~8 eggs - calories almost the same but way cheaper. Works wonders if you really try to save some money. Smiley
wow 700g meat for a day. it is very much for us in Turkey .if we eat that much we can get poisoned.in turkey min price of meat 40 try as far as i know appr. 14 euros.so if you want to save money by not eating meat , come here you can save more here.
You're paying 14 euros for a kilogram of meat in turkey ? I am talking about the cheapest chicken meat you can find in a regular discounter. Here in Germany, we pay approximately 6 € per kilo. I also changed my habits of drinking way too much coke. Smiley

It's really funny if you think it through, that you can survive in a good way for an entire day with the same amount of money that someone is paying for some fancy bicmac in mcdonalds.
924  Economy / Micro Earnings / Re: how much can you make weekly? on: August 12, 2015, 07:36:07 PM

california is just too expensive to live.

the rent cost for a average area is $1,300- almost 2,000 depending on how many rooms. The living expense also is not the same, some people actually are forced to go to soup kitchens to pick up extra food.

Since they dont entirely qualify for ebt cards aka food stamps.


so I think living in California wouldn't be easy for all who have to rent out unless they already own a house there so they could ease up a bit regarding the $1,300- almost 2,000 you mentioned

It soo expensive,
in Indonesia you can rent a room, with only $ 400 per year, it was very cheap
are you serious? Dude, do you know if i could move to indonesia? Cheesy
Here in philippines you can rent a room with only 0.1 btc per month, and its only 1.2btc per year, so cheap than indonesia so you can went here and rent a room. LOL Cheesy

what kind of room we are talking about? those room with cockroaches and all sort of unimaginable animal inside it, without hot water and so on?

and anyway i should also love the place first of all before even bothering at looking at the price...substantially one can live with $500 per month(with renting or akin stuff) if he is alone and does not expect too much from his life


Such a room is at least $400 dollars per month here in Canada, Amph. And you're looking at at least $10/day for food if you don't eat a lot and eat cheap stuff. So that's at least $700/month, assuming you don't buy shampoo, toilet paper, clothing and stuff like that.

700 sound about right but you can actually live with less if you save something on foods, by eating less meat which is expensive and maybe a more vegan foods like legumes which is far cheaper

I agree, cutting off meat helps a lot. I can survive just fine with 4€ per day for food/drinks in Germany. You just have to plan a little in advance and know exactly what you re gonna eat and what is too expensive. Smiley I changed my eating habits from eating 700g meat per day to ~8 eggs - calories almost the same but way cheaper. Works wonders if you really try to save some money. Smiley
925  Economy / Speculation / Re: 44% of the network already switched to 8M blocks on: August 11, 2015, 07:39:43 PM
Could anyone here take couple of minuts from his time to explain to me what is going on .
Bitcoin XT coins & Bitcoin Core coins aren't the same or something ? and why the value of BTc will change simply because of this  Huh RIP ? I asked once what is Bitcoin XT but they only said it's something for Peer to Peer protocol improvment and double spent crap
also what would happen for people who use Blockchain.info wallet or Lightweight wallets it's so freaking confusing . don't get anything

BitcoinXT is a fork of the BitcoinQT codebase but is meant to support blocks bigger than 1 mb. If such a block is mined, this block will be invalid on the BitcoinQT Blockchain(If the codebase stays the same) but valid on the XT blockchain. That means we would have two parallel blockchains at the same time. Depending what version the majority of the users and miners is using, the corresponding blockchain will survive and the inferior blockchain will be dumped to zero.
926  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 11, 2015, 04:55:18 PM

Weird.  I'm no longer seeing that post on Reddit.  Was it just censored?  I see it if I follow the link given above, but I can't find any longer of I go to https://www.reddit.com/r/Bitcoin/ .

It disappeared for me too ! Is Theymos really banning something this substantial ?
927  Economy / Speculation / Re: Maximum price bitcoin 2015 on: August 11, 2015, 04:51:21 PM
Sudden release of winkletovs EFT and we're up over 300$ in less than 12 hours. Bold words regarding bitcoins volatility.

I don't know anything about "winkletovs EFT". Can you elaborate? What's planned release date? Why it has effects on Bitcoin price?

https://bitcointalk.org/index.php?topic=958818.0

Here is a long thread regarding the start date. But of course, no one knows when they officially start their exchange and their ETF. But surely you will notice it with a sudden price spike without any substantial news. Tongue

For more informations you can just google them. They hold approximately a little less than 1% of all currently mined bitcoins.
928  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 11, 2015, 04:38:07 PM

Don't forget https://www.reddit.com/r/Bitcoin/comments/3gkp91/blocksize_debate_coinbase_bitpay_chaincom/

Bigger blocks, here we come !
929  Economy / Speculation / Re: 44% of the network already switched to 8M blocks on: August 11, 2015, 04:34:40 PM
This is fucking awesome ! Finally people are positioning themself. Even the latest reddit post shows that all of the big companys are behind a block size increase through the BIP 100. I hope we leave this stupid consensus finding phase asap behind us. A maximum of 32 mb blocks gives us also enough of time to develop sidechains and lightning network.

All in all, awesome news!

Edit: And my little XT node is running with 20 connections.. Smiley
930  Bitcoin / Bitcoin Discussion / Re: I mined a Bitcoin in Minecraft on: August 11, 2015, 02:18:19 PM
it's an old news, and also not so profitable, i believe there are better game that let you have bitcoin, maybe not directly, like those that use Hypercoin

with hyper you can play minecraft and earn those hypercoin that you can convert in bitcoin, with a better earning, also there are more game like counter strike, that provide a good earning overall, much better than any faucet for example...

Kids, and this is what happens when someone only reads the topic title. :p

Ontopic: good job! Next time don't forget to put a public key somewhere in your Proof of Picture. Smiley
931  Bitcoin / Bitcoin Discussion / Re: Where do you think is the world’s bitcoin center? on: August 11, 2015, 02:14:19 PM
Currently, Arnhem in The Netherlands is the Bitcoin Capital in the world.

See also this reddit thread, and two earlier posts on this:

Bitcoin is getting mainstream here. See also these articles: journalist from MIT living a weekend on bitcoins and Allen Scott's experience in Arnhem Bitcoincity.

If you want to be truly amazed by the amount of physical goods and IRL services you can pay for with Bitcoin, come and visit Arnhem in the The Netherlands (close to the German border, approximately 1 hour from Amsterdam).

There's all kinds of business accepting Bitcoin here: book stores, hairdressers, clothing stores, computer stores, car companies, bed & breakfast, a shoemaker, diving shop, massage salon, gift shop, dentist, bowling center, hotel, supermarket, bike shops, and loads of restaurants, bars, pubs, coffee shops and lunchrooms.

Arnhem has the highest concentration of Bitcoin-accepting merchants worldwide, making it the most Bitcoin-friendly city in the world (also according to this article). See also this report from someone spending a weekend here in Arnhem, living entirely on Bitcoin.

Seriously, if you want to experience how far Bitcoin mainstream acceptance has come already, visit Arnhem and you will be surprised.

Exactly! I really love how the people in Armheim bring bitcoin "down to the street". My next vacation with my gf is planed to take place in Arneim, just to experience and support bitcoin. I love Arnheim for doing this.
932  Economy / Speculation / Re: PnF TA on: August 11, 2015, 11:14:45 AM
Touché. Smiley
933  Economy / Speculation / Re: PnF TA on: August 11, 2015, 11:02:49 AM
FWIW: Today's news in Greece reveal 11 points of agreement with the EU representatives. What is significant enough, is the fact that they seem NOTHING like the austerity measures we expected! Maybe we're on a verge here or (maybe) there's a change of plans after the global situation (mainly signals from China) seems to go down the drain.

If this turns out to be a success, then we got out of the "punishment" procedures we were, during the last five years and -hopefully- initiates a more "people-friendly" policy towards the people of EU. Too good to be true? Let's just wait and see.

Please use Google translate:
http://www.imerisia.gr/article.asp?catid=26516&subid=2&pubid=113654588

Direct question: How much does this agreement cost Germany?
934  Economy / Speculation / Re: PnF TA on: August 11, 2015, 10:59:26 AM
I don't claim to be an expert by all means, but i try to answer your questions.

1. Because of the rising interest rate for the dollar  speculative money flows back to the usa. Thus accelerating the debt crisies in foreign countries. European debt crisies. Asian stock market bubble.

You have to understand that currency flow accelerates even more flow, especially speculative money, creating a new bubble. A strong dollar will then break America's economy after that.

2. After 5 years: >10k  or ~0(=dead)
10 years is too far in the distance
935  Economy / Speculation / Re: PnF TA on: August 11, 2015, 10:24:59 AM
TBTB explained his opinions countless times already, how could you miss it?

1. Because all money is moving to the dollar. All other commodities will lose value compared to it. And he believes that we didn't reach the bottom yet because Inca and Risto are still bullish.

2. After that the dollar will collapse and Bitcoin will make new ATHs after 2016.

TBTB, correct me if I am wrong.
936  Economy / Speculation / Re: Stocks fall globally as Greek talks collapse on: August 11, 2015, 10:18:04 AM
The plan is clear. Troika is exploiting all those poor countries specially the south european ones, they will take their economies down through ridiculous austerity programs, and buy their debt at a ridiculous price with the consent of each local elites. This will be a world wide agenda of privatization of all services.

Um, what? How is the Troika buying debt? I seriously din't get what you are trying to say. Would you like to buy my debts? I guarantee you ridiculous profits. Roll Eyes

Privatising services? You mean selling state companies/land/isles to private market entities?

937  Economy / Speculation / Re: Free money available on: August 11, 2015, 10:03:07 AM
theres no such thing as free money.

And if its for free like doing from a legit source by saying trading it always dependent on the individual of knowing something that others dont.

And that is TBTBs argument. He claims(based on his and MA thinking) to know something that the broader mass(=the greater fools) does not understand. I will risk a small part of my funds based on his analysis, just to make the rollercoaster more interesting/exiting for me.
938  Economy / Speculation / Re: Multiplying the price by 10 after each halving, is it right ? on: August 11, 2015, 09:45:51 AM
If you're not a miner, the halving shouldn't have much effect.  14.5 million of 21 million bitcoins have already been mined. Everybody knows this event is coming, so it should already be priced in.

If you are a miner, then you're running spreadsheets to see what equipment to keep, what equipment to dump, and what equipment to buy. Much of the older gear will be junked at the halving.

That means you expect a significant drop in bitcoins hashrate after the halving?
939  Economy / Speculation / Re: Maximum price bitcoin 2015 on: August 11, 2015, 09:41:40 AM
at most we could get to $ 350 if some early don't  decides to dump as usual....

This. I don't think we will try +300$ again this year. Sideways for 2 more months, then winter sales again.

Sudden release of winkletovs EFT and we're up over 300$ in less than 12 hours. Bold words regarding bitcoins volatility.
940  Economy / Speculation / Re: Stocks fall globally as Greek talks collapse on: August 11, 2015, 09:38:23 AM
Germany made huge profit from Greece crisis read in paper that they made around 100 mill euros man someone know how to make big money

LOL!

How on earth can you compare a 100 million € profit to a 80 billion € default!?

Switch your brain on, please!
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