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December 12, 2018, 10:32:39 PM *
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1  Other / Serious discussion / Bitcoin is on a cliff edge. on: December 08, 2018, 01:11:27 PM
I want to buy some more, and I've funded my coinbase account. Now all I need to do is to choose the correct moment. I feel that Bitcoin is on a cliff edge, and I'm hanging on to see if it falls over. The problem is that I'm not sure if it is going to grab a hang glider, and soar off up into the blue skies.
2  Other / Off-topic / FAG - my name for some of the current Bitcoin speculators on: December 08, 2018, 09:46:51 AM
There is so much FUD being talked about Bitcoin at the moment, that I'm using a new acronym for the FUD merchants. It is FAG, and it stands for Fear And Greed. Those are the two instincts that seem to drive them, and they completely ignore fundamentals.
3  Other / Beginners & Help / We've just seen the second largest percentage drop in the hash rate. on: December 04, 2018, 01:50:03 PM
Over the last few weeks, the hash rate for Bitcoin mining has dropped by the second largest amount in percentage terms.
What do you think about this? Is it going to increase mining decentralisation, or is it just miners getting rid of uneconomic mining rigs?
How will it affect the price of Bitcoin? - It could increase interest in Bitcoin and Bitcoin mining, and lead to a new bull run, or it could be an indication of a possible continuation of the bear market.
4  Other / Beginners & Help / Warning - the SEC is prosecuting promoters of scam ICOs on: December 03, 2018, 01:52:46 PM
If you are promoting a scam ICO on social media, and that probably includes Bitcoin Talk signatures, then you risk being fined twice the amount you are alleged to have received in payment. Just be careful when you are promoting products in your signatures.
5  Other / Beginners & Help / Should I close the Fit to Talk project? on: December 01, 2018, 08:17:37 PM
It seems to have stagnated recently, and yet people are still clamouring for merits, and also apologising for the quality of their English.

Fit to Talk Englsh was created to help Bitcoin Talk members to improve their English, and to enable non-English speakers to bring their political comments into the forum. There is quite a bit of dramatic news from around the world, and much of it involves crypto currencies - what can I do to help broadcast this news to the English speakers in this forum?

I closed registration a couple of weeks ago, and required a pm for registration. I did this because of the workload in checking the Bitcoin Talk membership requirement, and the rejection of the pharma and gambling spammers. I can reopen registration tomorrow for a  week or so if there is sufficient interest.
6  Other / Serious discussion / Ex Bank of England chief talks about the coming financial crisis on: December 01, 2018, 06:17:49 PM

Mervyn King talks about Brexit and the banking crisis on Bloomberg. Whilst I don't agree with everything he said, it is refreshing to hear a banker making a few realistic and truthful statements. He points out that Brexit is not an economic disaster, and neither is populism, and it probably won't make a dramatic economic difference one way or the other. It will make a massive political difference though.

Do you agree with my views about this video?
7  Other / Ivory Tower / A million gold bars were recast and converted to tungsten on: December 01, 2018, 03:46:19 PM
I've just watched this video.

If this is true, then it is quite frightening. It's convincing me that Bitcoin is probably the safest investment, despite its volatility.
8  Other / Ivory Tower / Are robo-advisors a good thing? on: November 29, 2018, 08:21:51 PM
We are starting to see robo-advisors appearing for a whole load of different things. They may be good at giving advice about train times, but I'm not sure about other applications. House prices for example - this seems to cut out the role of surveyors and sales agents, and could well lead to price manipulation. Health diagnosis is even more of a risk. There are so many factors involved, and many of the results are dependant on personal contact and evaluation. Patients may not respond correctly to a computer diagnosis.

What do you think? Are we moving into a dangerous area, and will it apply to everybody, or the the bulk of the population?
9  Economy / Securities / I need some advice on setting up a crypto investment club on: November 29, 2018, 05:42:09 PM
I'm not looking for investors or money, I'm just after advice. I'm setting up the Crypto Coin Tree private investment club, and I've installed Drupal 8 on the domain. I posted a few comment in the internal forum at

I seem to be spending a lot of time reading up on the legal implications, and also the creation of the private coin associated with it. The interaction between future members has also required a lot of thought.

Some of the other topics I've considered are - what to do with any advertising revenue. How to value new payments after the fund has appreciated, and a few other things.

Any comments or advice would be appreciated.
10  Economy / Reputation / People registering Jet Cash member names here on: November 27, 2018, 03:18:11 PM
I've noticed that there are at least 3 newby names starting with "Jetcash". Please note that none of these are in any way associated with me, and the members should not be trusted in my opinion. The names are -

JetCashDev - copper member

Note also that I have owned the domain name since December of 2002, and I have used it intermittently to provide personal payment services, and advice about online payments. No other "JetCash" name is owned by me, or has any support or association with me.

In view of my forum presence here, it is my belief that any unauthorised use is possibly fraudulent, so approach any contact with extreme caution.

I'm not sure where to post this thread for it to achieve any visibility. If there is a better board, then perhaps a mod could move it. I've also considering giving those account a neutral trust comment.
11  Other / Ivory Tower / My strange attitude to the Bitcoin price drop on: November 26, 2018, 06:23:20 PM
I've been collecting Bitcoin, well Satoshi really, for about 3 years, and some of my purchases have been at higher prices than the current exchange rate. I really should be depressed by the fact that I'm showing paper losses on some of these purchases, but I'm not. In fact, I hope that the price will drop further, as I want to buy more, and the lower the price, the more I get for my money.

Of course there is always the risk that I will have to sell at a loss for some reason, but my plan is to keep the investment for at least 3 years.
12  Other / Meta / I put the meriters and the OP on ignore for this thread. on: November 14, 2018, 02:49:51 PM

I don't think that we should be posting spamming tools in the beginners board, even if they may be for other sites. It gives the forum a bad name.  The OP is also begging for merit for his post as well.

It things like this that discourage me from visiting the spammers training board ( sometimes known as the beginners board).

and this is one reason I put Economics on ignore - 17 out of 32 posts quote the opening post. You know when you see that , that the replies won't be worth reading.

13  Other / Meta / I've started 16 threads. on: November 12, 2018, 02:39:01 PM
I've started 16 threads that are on the first page of the Ivory Tower board. I'm not the most knowledgeable member here, and probably not even the most interesting, so what is tha matter with all you senior members? Theymos gave you a great place to enter into good informed discussions about any sensible topic, and it's spam free.

Unfortunately I don't have enough hair to help you scale the walls of the Ivory Tower, but if you can manage to enter the hallowed portal. I promise to try to keep Dame Gothel away from you. Come on guys, I'm too old to handle Rapunzel on my own, I need some help from you silver moused posters.
14  Other / Beginners & Help / Why I haven't merited some 0 merit members on: November 11, 2018, 06:53:43 PM
I decided that I would look for some members with 0 merits, and see if I can find a post that deserved merit to get them started. I've managed to find 2 so far, but I thought it might be interesting to new members if I explained why many didn't receive any awards.

The first thing I did was to choose a thread that looked as if if it might be interesting. Then I scanned through for members who hadn't received any merit. If the post contained misinformation, or looked as it it had been made without the poster understanding the topic, then I skipped it. Of course I skipped any misuse of quoting or formatting as well. If the post appeared to have been made with some thought, then I looked at the members post history. If it was mainly one liners, then I backed out, and I also looked for bad quoting habits. If I saw two or three reasonable posts, then I checked for plagiarism, and skipped out if it was detected. If the post passed all these test, then I awarded one or two merits.

Don't forget that this is a personal opinion, and other merit awarders may not have the same ideas as I have. I didn't check dates or boards either, so some awards may have been for old posts on less merited boards.
15  Other / Ivory Tower / The Hublot Bitcoin watch has sold out. on: November 08, 2018, 01:34:47 PM
Hublot has made 210 commemorative watches, and the entre batch has been sold. They were only availble for purchase using Bitcoin, and the purchase transaction code will be engraved on the bezel.
16  Other / Meta / I don't want to use the marketplace - auctions board. on: November 06, 2018, 01:55:43 PM
I was going to list some Bitcoin related domain names for sale, and it appears that the popular place for such sales is the marketplace-auctions board. However, about half of the sales that I saw there were for Bitcoin Talk accounts, and I don't want to support or frequent a board that promotes these transasctions. Is there a board that can be used exclusively for "honest" Bitcoin related products?
17  Other / Beginners & Help / Ban appeals - read the threads on the Meta board. on: November 06, 2018, 10:21:00 AM
Meta has a constant flow of ban appeals, and complaints about mod action in deleting posts and threads. Most of these seem to come from new(er) members who have joined because they have been told that they can find easy money here. They don't seem to bother to find out much about the forum, or about the earnings potential. They just seem to believe that all you need to do is to flood the boards with word streams for the money to start to flow. This is not the case, and if you read some of the threads on the Meta board (link below) you will see how many have lost the ability to earn here as a result of breaching the rules.

Before you start to post, read the rules in the sticky threads at the top of the various boards, and then have a look through the threads created by the members who didn't read the rules. Failure to do this can result in a personal ban, and this can prevent you ever earning any money from your activities here. The most significant breach is plagiarism, and this is the theft of other people's work. You can't copy articles and claim them as your own original work, and this includes translation into another language. So many people seem to think that it is sufficient to apologise if you get caught, but that doesn't work here. If you get cught, and you are almost certain to be discovered, then you will be banned for life, and there is no appeal.

If you aren't sure about a rule, it is better to ask, than to risk being banned. You are welcome to ask questions in this thread, and I have made it self-moderating to avoid spambie posting.
18  Other / Ivory Tower / Sorry this content isn't available in your region. on: November 04, 2018, 07:35:16 AM
A guy that I talk to in another forum has been involved in an auto-accident. He was the passenger in a new Mustang GT350, and the car was travelling at around 120mph. I've just tried to fire up a page to read about the car, and I got the unavailable message in my browser. The page is.

I assume that this is the result of the new European Union anti free speech laws, and the EU hasn't realised that we are leaving them because of these stupid laws ( amongst other things ). Can somebody explain what is politically incorrect about a car review? Hopefully Donald Trump will take some sort of action, as these restrictions will damage American exports.
19  Other / Ivory Tower / The Bitcoin capitalisation calculation on: November 03, 2018, 03:26:15 PM
As I understand it, the Bitcoin market capitalisation is based on the number of coins allocated. Some say it is based on the number of coins in circulation, but I don't see any way to calculate that total. I believe that the calculation should be based on the total in existence, ie 21 million.

When the Bitcoin genesis block was created, 21 million Bitcoin came into existence, and over the years these have/are being allocated as mining rewards. This is the total market, and the fact that some Bitcoin has yet to be allocated is not relevant to the calculation of the market capitalisation in my opinion. Basing the calculation on a steadily increasing number of coins gives a false reading.

Do you agree with me, or have I misunderstood the situation?
20  Other / Meta / Merits for posters not making redundant quotes. on: November 03, 2018, 01:19:21 PM
In my capacity as the wild cannon merit source. I've just awarded a single merit to every poster following my quoting comment, and who has not included a redundant quote ( in my opinion). This is the thread that I used for this experiment -

I did this without considering the content of the post, but in future I will take that into account.

I'm reaally fed up with these stupid repeated quotes, and in some cases it is being dine by legendaries, who really ought to know better.
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