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Alternate cryptocurrencies / Altcoin Discussion / PROBLEM REACTION SOLUTION
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on: June 19, 2019, 10:48:54 AM
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The government reaction is typically to form committees and wheel in the big guns to write a report, and that is precisely what they’ve done, but despite 500 page reports and committees set up in the US and the UK, and Facebook and Google being hauled up in front of official panels, nothing has been done. What’s this got to do with cryptocurrencies? In an era dominated by fake news, in an age where the general public is rapidly losing faith in their governments, and in an environment of rising populist thinking, something needs to be done. A solution needs to be found. What do u think it could be? https://www.altcoinsidekick.com/blog/problem-reaction-solution |
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Alternate cryptocurrencies / Altcoin Discussion / stablecoins and the role they play
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on: June 04, 2019, 11:36:35 AM
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Because of the 2008 financial crisis, the banking industry is not widely trusted in society. A traditional bank, as they say, will always lend you an umbrella, but they’ll want it back when it’s raining. The general public is most likely blissfully unaware of the amount of spread added by a traditional bank when exchanging currencies. Most people don’t send large amounts across borders, needing instead to change money only for holidays, or small purchases. Anyone who has emigrated to another country and used a traditional bank to quote the currency exchange rate will understand just how much the banks have been making. Traditional banks advertise no-fee exchanges, but when it comes to the actual rate they offer you, well that’s another story. So, how do the FinTech’s do it? How can they offer the retail investor, prices at or near the actual rate? Think of it like this: They operate as a middleman between you and the interbank system. The FinTech bank will have segregated client accounts in all the countries they offer exchange rates. If you want to send euros to a friend in Germany from the UK, you send your British pounds to your FinTech bank in the UK, either by bank transfer or debit card. The FinTech bank then sends euros to your friend from their German bank account. The money you send, never actually crosses a border. Remember the commercial intermediary bank relationship we discussed earlier — the system that’s used when sending an international money order through a traditional bank? The FinTech bank is the equivalent of a commercial intermediary bank to a traditional bank, except this time the customer is you. For a retail investor, moving money globally, was, until very recently, slow, inefficient and expensive, but now, due to disruptors like Ripple and FinTech banks, things are changing fast. https://www.altcoinsidekick.com/blog/locked-and-loaded |
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Economy / Trading Discussion / what are the sound advice to live by>
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on: May 14, 2019, 02:52:18 PM
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If you need a fast and frugal way to begin your cryptocurrency journey, adjusting the screener to filter out only those coins and tokens with a rating of grade C+ and above, you will narrow down your crypto universe from thousands to just ten coins. Yes, it's an advantage to have some technical knowledge, but it's not essential. Tools like the Weiss crypto screener are a great help, especially if you're just starting out. sound advice to live by... https://www.altcoinsidekick.com/blog/frequency-range |
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Bitcoin / Bitcoin Discussion / mass-adopted of crypto
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on: May 03, 2019, 01:31:21 PM
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Technically minded readers may scoff at cryptocurrencies being a minority product, but compared to visa transactions in the retail domain crypto is still in diapers. Boosting transactions speeds, hard forks, and bolt-ons, like the lightning network with atomic swap capability, are all well and good, but try and explain this to someone in their late fifties who first posted on Facebook in 2017, and you’ll see the problem. Most of us use smartphones. But do you know how they work? Have you ever asked yourself how your smartphone deals with picking up Bluetooth, WIFI, and 4G? Each technology uses a different frequency range, so why doesn't your smartphone need several separate antennas, one for each frequency range? https://www.altcoinsidekick.com/blog/chain-reaction |
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Local / Trading und Spekulation / Verhalten nach btc-Verkauf (crash)
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on: April 09, 2013, 04:52:22 PM
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Hi, ich bitte um Handlungsempfehlungen  1.) Angenommen ihr wollt alle Coins verkaufen, weil ihr einen Kurssturz erwartet. 1.1) Würdet ihr die USD bei Mt.Gox belassen, bis ihr wieder günstig einkaufen wollt? Das könnten dann ja durchaus Monate sein. 1.2) Wie schätzt ihr das Vertrauen in Mt.Gox ein? Wenn alle gleichzeitig verkaufen und ihre USD abheben, ist die Liquidität gewährleistet? Oder käme das einem Bank-run gleich? 2.) Aktuelle Erfahrungsberichte zur Kontoeinzahlung 2.1) Wie wird das Geld besteuert? Oder verhält sich unser digitales Gold auch schon wie richtiges;)? http://www.finanztip.de/recht/bank/gold-steuertipps.htmLeider schon älter: https://bitcointalk.org/index.php?topic=84324.0EDIT: sehr aufschlussreich: https://bitcointalk.org/index.php?topic=134744.02.2) Soweit mir bekannt sind Banken bei Bareinzahlungen von 15.000 € Meldepflichtig. Wer also mehr hat und die auf verschiedene Konten verteilt, betreibt Geldwäsche... Ist dies korrekt? Anmerkungen? 2.3) Wenn ich davon direkt Gold kaufe? Hier z.B.: http://bitcoincommodities.com/index.php2.4) Und wenn ich dann das Gold gegen € verkaufen? Das Gold könnte ja aus einem Erbe sein;) Wobei dann Erbschaftssteuer fällig wären? Oder Schenkungssteuer, wenn ich es plötzlich ohne Angabe von Gründen habe? |
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Bitcoin / Bitcoin Technical Support / GPU load 92%, python load 10%
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on: July 20, 2011, 03:46:27 PM
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Hey,
I have got another question...
Sometimes I have a GPU load of like 92%.
I am linux user and I discovered that the mining process (#ps u) "python ./phoenix.py ..." uses about 10% cpu load when this happens.
I can kill the process and restart mining on that gpu. It is not a lock-up.
But again, the load of one GPU ist around 92% while the other GPUs are at 99% and python uses 10% CPU load.
Does anyone have experience with this? I can't fugure out why the python process uses so much CPU time...
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Bitcoin / Bitcoin Technical Support / 6 GPUs 5850 on one mainboard
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on: July 20, 2011, 12:17:51 PM
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Hi, I have put together a mining rig with 6 GPUs (4x XFX HD 5850 and 2x Sapphire HD 5850). With 5 cards everyting works perfectly, but the 6th one now causes trouble... It is not the card itself, it is not defect, but maybe the mainboard? Gigabyte GA-990FXA-D3 http://www.gigabyte.de/products/product-page.aspx?pid=3900#ovCorsair AX 1200w ATX PSU I have allready had defect pcie extensions, but the new ones work very good. My mainboard has four pcie 16x and one two 1x ports. Conntecting the 6th GPU to the 2nd 1x port my system boots without any problems. But right after starting to mine the 6th GPU lockes up. Well, some times it actually mines 2 accepted shares, but then nothing anymore... I have switched the two 1x adapters, both seem to be ok. I have switched GPUs, seem to be ok, too. My PSU does 1200W what should be more than enough: 6*170W = 1020W + 30W (CPU) = 1050W makes 150W for fans, mainbaord and backup. Downclocking my GPUs to 500/300 before mining, to reduce power consumtion, doesn't work neither. Any ideas? Why does the one pcie 1x port work, but not the other one? |
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Bitcoin / Bitcoin Technical Support / [SOLVED] No GPU detection on reboot
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on: July 02, 2011, 02:28:54 PM
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Hi,
I have put together a mining rig with 4 GPUs (XFX HD 5850).
With three cards everyting went perfectly, but the 4th one now causes trouble...
It is not the card itself, it is not defect, but maybe the mainboard?
Gigabyte GA-990FXA-UD3
Corsair AX 1200w ATX PSU
Power is plenty, but on reboot sometimes the systems detects only 2 or three cards, and not always the same.
Has anyone had the same problem?
Greetings,
Harm
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Other / Politics & Society / Money as Debt
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on: June 14, 2011, 02:50:01 PM
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Hey guys, I have found this video which made me think a lot: http://www.youtube.com/watch?v=vVkFb26u9g8&feature=relatedThe video demonstrates the process of money generation: 1) A recipient asks a bank for credit. 2) Therefore the recipient has to take mortgage from the bank for the own car or house 3) The bank now has security in case the recipient doesn't pay back the credit 4) The bank can grant 9 times the credit value one investor has invested One would suspect the bank lends the money only it got from investors previously. One party has to pay interest, the other gets interest and the bank receives the margin. This would be acceptable. But in reality the bank can grant 9 times the credit value one investor has invested, as only one of 10 investors claims his money back at a time. So a bank can spend much more money than it actually possesses before it gets ILLIQUID. And even worse: The process of money creation is recursive! 5) One recipient takes the created money to pay a car 6) The seller puts the money (which is actually a credit) on his bank account. 7) The bank has new deposit and is more LIQUID  The bank grants 9 times the credit value of this deposit - which again is a credit!! 9) repeat at 5) And on each credit the bank earns interest. But not the investor. Neither does the money exist that banks spend, nor does the money exist to pay back the interest. Please correct my mistakes;)!!! Now my question: 10) It is criticiesed that banks "create" money. Usually one would trade goods. Banks create money like someone else produces a chair or something. I see the problem that there are no goods trades as the recivient does not pay with his house or something else. But banks COULD take the house and so it IS a VALUE behind the "created money". Banks also have the risk of losing their mortgaged house as it might burn down sooner or later. Is this so bad? How else should a bank create money? 11) Banks live of the interest for their granted money. The money to pay the interest has never been created so it cannot be paid back. But something a bank has to live of? What could be an alternative? The video mentions that only the government should be allowed to create money. It pays companies to build roads, schools and so one and this way put money on the markte. It would also grant credits and earn the interest. The richer the government becomes the less will be the taxes or the more money it spends on new infrastructure to put the money back into the market. 12) Banks do multiple, recursive money creation. The money not existing to pay back the interest on the credits rises extremely. This process should be forbidden!!! Or not? On the other hand this allows componies the receive lager credits and grow faster! Much faster!! This is not too bad, is it? Cheers Harm |
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