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1  Bitcoin / Mining / Wrong section on: June 26, 2013, 06:54:21 PM
2  Other / Meta / wrong section (mod edit: Trojan dropping attempt) on: June 26, 2013, 06:53:23 PM
3  Other / Beginners & Help / A noob's idea on how to keep us noobs from destroying Crypto-currencies on: June 21, 2013, 01:43:56 PM
I've given some thought to the error of my ways in my first Newbie thread: Bitcoin as a savings account.

I've been accused of seeking help from this community only for the purpose of Tax Fraud. That was not my intent when I gave TMI or tl;dr, or however you youngster determine that stuff. My intent was simply to inform that my personal situation was one that prevented me from having a fiat savings account. And that Bitcoin looked like a way to ABIDE by the specific and highly subjective rules and laws of my situation. Two things were pointed out to me: 1. Bitcoin was too volatile and too "beta" to be used as a Savings account currency. 2. I must be trying to commit some kind of tax fraud that would the "downfall" of BTC. So, for those that think crypto-currencies, and all it's users, should be transparent and easily taxable; the usual solution(in my humble noob opinion) is a fork of BTC. One that would prevent "people like me" from causing the downfall of Bitcoin. I'm posting this tl;dr in Newbies because I think the idea that a noob like me could be part of the "downfall of bitcoin" MUST be a newbie one. Despite the fact that a few "oldbies" or "Hero" level users have accused me of these dastardly criminal intents!
So I propose an alternative digital coin with these features: The HonestInjunCoin aka HIC's!
1.Unencryptable. If HIC's can be encrypted, it can make it harder for the moral and upstanding enforcers of laws to track for tax purposes, unreported money transfers, etc., all the things that crypto-currencies make possible.
2. All confirmations of HIC movement must go through a USA agency, recorded to that secret NSA data storage facility, and reported to FinCen, the IRA, FBI, and any other 3 letter agencies with an interest in tracking our financial movements to make sure WE stay moral, upright citizens. This information should be made available to any other country's agencies to make sure ANY users of HIC's obey both U.S. AND any other tax or financial regulators that want to collect their fair share of revenue from users of digital currency.
3. It should only work in the next full update of Windows to Windows 9, so that Microsoft can make sure that the wallet, the miners, and everyone involved in use of HonestInjunCoin software and Apps pays all applicable transfer fees, steals from no-one ever without being caught, and PAYS THEIR DANG TAXES!!!
4. I'm sure the less newbish users of this forum can point out considerations I've left out of the Ideal altcoin for making digital online currency users acceptable citizens of their government.
5. (grin)
4  Economy / Speculation / Flashcrash this month on: June 13, 2013, 02:10:12 PM
BTC will drop below 99 June 14, below 88 by June 18 and below 50 in less than 2 weeks.
5  Other / Beginners & Help / This noob wannabe BTC holder has been schooled on: June 12, 2013, 04:30:03 PM
I do believe BTC has an incredible future. But I can't emphasize this enough, BE VERY CAREFUL AND VERY PARANOID. If you don't do the research, and just rush in blindly thinking that it's cool to invest in Bitcoin at this time, take the money and go to a casino instead. You'll have way more fun losing it without intending to that way.

I started posting on here thinking my little bit of experience as the "family tech" meant I could figure this stuff out and safely invest in BTC. My first post on here led to an interesting experience with a Hero member that made it very clear to me that just talking about investing in Bitcoin can draw unwanted attention. Then I started reading the posts and threads of some of the more experienced people on here and man...some of the stories these people shrug off or endure and keep on going humbled me more than I can say. I'll keep reading and learning because it IS fascinating, but I wouldn't want to be in their shoes. even if I could afford their shoes! (grin)

I've come to the conclusion that the best way for me to invest in Bitcoin, if I choose to do so, is to have a friend I've known for years that buys BTC whenever he has spare cash, is to give him MY spare cash and ask humbly him to do the same for me.
6  Economy / Speculation / Trading in BTC is easy! on: June 11, 2013, 05:34:58 PM
After reading here for a few days, I finally understand what's going to happen next:
1. This week Bitcoin is going to remain at $105-$106. Sunday night some "whale" is going to sale a bunch of Bitcoin, sending it down to $30-$50. Then it'll shoot back up to $180 in 2 weeks.
2. Daytrade on this rinse and repeat cycle every couple of weeks until Bitcoin suddenly shoots up to $300k a coin by June next year. Well why didn't you all just say so! All us Noobs have to do is buy in at $30 and sale at $180!
3. Profit! Now if I can just figure out that wallet.dat thingy, and get some fiat, getting uber rich will be easy! What? 108-109 now? But...profit?? argh.

And this all has something to do with a "Wall." I'm assuming it's the one the dart board is hanging on. Best advice I've seen yet; "buy bitcoins with all your spare cash. Never invest more than you can afford to lose."

7  Other / Beginners & Help / What happens if Mt. Gox suddenly goes away? on: May 17, 2013, 05:31:06 PM
Say the U.S. government is not happy with Mt. Gox's response to the "Dwolla lesson." Not happy with Mt. Gox continuing to face U.S. citizens with a non-FinCen compliant exchange that "handles over 80% of all Bitcoin trade." Say they take the next step and go after Mt. Gox directly. Freeze its assets, domain, issue warrants, go after any business using them to offer goods or services using BTC, etc. Full blown all out campaign to stop Mt. Gox's ability to function at all. What happens to Bitcoin?
8  Other / Beginners & Help / Bitcoin as a savings account on: May 14, 2013, 11:17:37 PM
My wife has dementia and I've had to quit work to take care of her full-time. We get by, just barely, on our fixed income. The most frustrating thing about our situation is the "requirement" that we NOT exceed the maximum allowed income for her to remain qualified for Medicaid. This would include any money in a savings account. Bitcoin seems to be an ideal way to build a savings account without the worry of saving cash in our house. Would a laminated paper wallet be the best way to secure it?
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