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1  Alternate cryptocurrencies / Speculation (Altcoins) / Any altcoin which is less than $10 dollar right now and will be bomb in future? on: August 21, 2017, 05:44:22 AM
My question is simple that is there any altcoin which is right now less than $10 or $20 has enough potential to rise like etherium or bitcoin or bitcoin cash ?
2  Economy / Economics / Tax effect on: April 05, 2013, 10:10:13 AM
Having seen a lot of creative posts on this forum, I'd like to see some describing how the following hypothetical scenario would play out:

1. The US bows to the bitcoin community and declares bitcoin legal tender
2. Shortly after announces that citizen income tax in USD has been abolished, instead each citizen must pay 1BTC in tax.

3 Either:
  a) They do NOT sell the bitcoins collected back into the market. Rather they are destroyed.
  b) They start paying their expenses (and debts?) with the bitcoins collected
  c) Be creative and make up some scenario

3  Economy / Service Discussion / Remittance and Ripple on: March 06, 2013, 11:00:05 AM
I've been aiding remittance to Malaysia and Norway using bitcoins.
(If anyone is interested in transfers of bitcoin to either country, or fiat between the two, please contact me.)

I was curious as to whether Ripple could add some value here, but I fail to see how exactly. If a client wants to give me $1000 on ripple, I'd have to trust him that amount first? I don't see how any merchant / service provider could operate like that, unless they really know their clients well.

What I initially envisioned was that a network of ripples would even out money transfers back and forth with an occasional settling of imbalances through a bitcoin transfer. Can someone help me outline how this could work?
I don't see bitcoin integrated in Ripple yet, so having a settlement of debts happen without the risk of one party not reciprocating is missing.
4  Economy / Securities / Apple shares on: June 24, 2012, 03:45:42 PM
I'm just probing for now, to figure out how one might structure such a thing, and if it's a good idea or should be dropped.
I happen to own some shares in AAPL. I want to invest in some bitcoin projects, and was planning to sell off some shares and buy coins on an exchange.
However, it struck me that maybe I should issue an asset on GLBSE, backed by the shares.
So, the shares need to be bought/sold in lots of 100. Which is about $58200 currently. That's out of reach for most people. But if I put them on GLBSE, where f.ex.
100 of the glbse asset corresponds to 1 AAPL share - then smaller investors can invest in Apple without needing much capital.
Anyone who accumulates 100 * 100 of the asset can exchange them with me for either ownership of the AAPL stock, or the dollar equivalent from selling the stock.
It could be an interesting asset to see traded, because you'd be speculating on both the AAPL and the dollar vs bitcoin. When AAPL pays dividends, it would be used to purchase bitcoin, which would then be paid out as glbse dividends.

Any thoughts on this model?
5  Bitcoin / Bitcoin Discussion / A way to get your money back from a closed site? on: June 07, 2012, 08:16:22 AM
Bitcoinica and others have closed down operations with people having significant bitcoin deposits on their sites.
Would a possible solution to this be to have said sites create a wallet for each customer, and share private keys with them? Thus, if the site is down for technical or other reasons, I can still withdraw my bitcoins at any time.
I don't know the technical details enough to know whether it's possible to avoid double spending in such a case?
6  Local / Other languages/locations / Malaysia on: June 04, 2012, 05:32:25 PM
Hi,

just want to see if there's anyone on the forums located in or having bonds to Malaysia.
I'm considering setting up an exchange, but want to start small trading directly with ppl.
Any Malaysians wanting to send money home from abroad using bitcoins f.ex. , are welcome to contact me.
7  Economy / Speculation / Total value of bitcoin on: May 17, 2012, 06:18:25 AM
I know it's a stupid question, and impossible to answer, but this is speculation after all.
What do you guys think will be the total value of the bitcoin economy in say, a couple of years, when we're close to having most of them mined? (or the price of one BTC at that time)
There are so many threads where zealots insist the price will climb infinitely because of scarcity, but scarcity, supply and demand are not the only factors in the price / value of bitcoin. There is also the risk of catastrophic failure due to (already discussed or as of yet unknown) various factors. And also the intrinsic value of the ability to do transactions across borders, and the value in the number of exchanges and services and infrastructure built up, the value in the p2p network size and hashing power providing security.
A lot of zealots also imagine bitcoin replacing fiat currencies and becoming a major factor in world economy. For that to happen, the size of the economy (price x 21 million) must be significant. (Yes, the technology behind bitcoin might become a world changer.... but will the current bitcoin blockchain get big enough?)
I'd love to hear some more realistic thoughts on this.
8  Alternate cryptocurrencies / Altcoin Discussion / Encoin scrutiny on: April 15, 2012, 03:30:28 PM
I'm opening a thread here to discuss the Encoin proposal - to clarify uncertainties, and get more details out, as well as to open a discussion so we can find flaws and solutions before getting deep into the implementation.

I'll start off with a couple of questions:

1) Will I when I receive a payment in Encoin, be able to see who sent the payment? Or will I have to deal with generating a new address every time, as with bitcoin? Anonymity is nice, but not always necessary. If I'm paying a bill, I want to make it loud and clear, at least to the recipient, that I did in fact pay.

2) Is the mechanisms in Encoin meant to keep the cost of production of a coin stable, or the actual market price / value stable?  If the first, why does that matter? If the latter, how?
9  Other / Beginners & Help / What happens if... on: March 07, 2012, 05:56:30 PM
If some rich entity decides to buy all (21 mill) bitcoins, what is the worth afterwards?
Nothing right? A currency is worthless without circulation, so it seems to me a plausible way to attack the currency, if it should prove as disruptive as some people hope.
Even before reaching that extreme, incremental buying and hoarding (or destruction) of coin would reduce the usefulness, and therefore value of bitcoin.
That a bitcoin is worth as much as the cost to produce / mine it is just a proxy value - you can't use a bitcoin to get back that amount of energy / computation power - it's all backwards.

Please enlighten me....
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