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381  Other / Beginners & Help / Re: Which is the best project to start? gambing,faucet,dice,casino etc? on: August 26, 2014, 08:51:56 AM
Hi
Which business project you will like to start where the competition will be minimum and  you get maximum profit.What do you think?

There are way too many competitions in the category you mention above.

If the competition isn't discouraging you from starting one, make sure you know the potential marketing cost to launch your platform by checking here:

https://bitcointalk.org/index.php?topic=615953.0
382  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin A Relic of The Past on: August 26, 2014, 08:44:57 AM
So  much LTC hate around. I think it is hilarious. Entertaining for me!!!  Grin

It is not hate. Just that some of us miners (GPU and ASIC) get burned so badly that we decided to liquidate all assets related to LTC (and scrypt) and leave the pain behind.

Wish things could have been different. No pain no gain.
383  Alternate cryptocurrencies / Altcoin Discussion / Re: List of Important Crypto Currencies - updated on: August 26, 2014, 08:34:39 AM
BTSX - BitSharesX - "Bitcoin 2.0" project. Innovative technologies include DPOS and TITAN (infographics can be found on the wiki). Honored a PTS snapshot in February 28 to distribute some of the initial allocation. World first decentralized bank and exchange DAC. Just started trading the first market asset bitUSD (collateralized into existence by BTSX) today on the exchange built into the wallet.

Wallet site: http://bitshares-x.info/about.php

Wiki: http://wiki.bitshares.org/index.php/Bitshares_X

Should probably add BitsharesX. It reaches 4th spot in term of market cap (90M) yesterday.

It also launches bitUSD recently, probably the reason for the huge rally yesterday.
384  Economy / Service Announcements / Re: (Ask?) Hashprofit on: August 25, 2014, 08:34:27 AM
If they are not asking for upfront payment, it won't hurt to try.
385  Economy / Economics / Re: Bitcoin VS Gold, Bitcoin To Subsititue Gold In The Future? on: August 25, 2014, 08:24:02 AM
Bitcoin is still very young when comparing to gold.

High tech also means high dependency on infrastructure that has proven not to be reliable in time of disaster, crisis and social unrest. Gold, on the other hand, can be a standalone product without any kind of dependency.

For money of last resort, I would choose gold over bitcoin.
386  Economy / Economics / Re: How do no fee exchanges make money on: August 25, 2014, 08:16:13 AM
It's impossible for an exchange to profit without implementing service fees to the users who use their service. Maybe there are fees, though not transaction fees that we are used to. Withdrawal fees must be present in there. I doubt that it will be feasible for them to continue such a service, unless there are some things going on in the background that most of know nothing about. :O

BTC-China has 0 fees like for a year or so

how they make money then? voting?, alscene is dead voting is pretty much useless now
I really don't think they can make money. They also are not a charity and do not accept donations. I think that most reasonable people can draw the conclusion that they are doing something that they should not be doing as it makes no sense for them to charge 0 fees and still be able to stay in business.

Whatsapp charge 0 fee to capture market share first. These exchanges are probably doing the same.
I don't think whatsapp is actually charging "0" to their users as they are pushing advertisements which they are receiving revenue from. The exchanges are not doing this. To say that something like whatsapp is "free" is really misleading.

Whatsapp will start charging fee next year I believe. Now that they have network effect and people are basically stucked with all their contacts using it, they will need to pay fee to continue using it.

387  Economy / Speculation / Re: will the cost of mining affect the bitcoin price ? on: August 24, 2014, 09:47:47 AM
honestly, long term, it depends on the aggregate position miners take towards the market. for now and historically, that has been long (hoarding).

A good percentage of the HR is comprised of corporate mines who don't wish to hold or speculate on BTC's future value.  They're interested in one thing: fiat and I believe they cash out their earnings as soon as possible.

Unless they do ASIC design and manufacturing, or have huge discount when buying in bulk, they will not have any profit if they cash it out as soon as possible.
388  Other / Beginners & Help / Re: How to buy bit coins. on: August 24, 2014, 09:43:11 AM
If you are in US, buy from coinbase.

If not, buy from bitstamp or use localbitcoin.
389  Alternate cryptocurrencies / Altcoin Discussion / Re: The anonymity war is over. No one won. It is now the asset arms race. on: August 24, 2014, 09:42:12 AM
If there was an "anonymity war", Monero won it. Cryptonote is here to stay, you'll see the confirmation soon.
1 XMR = 0.00369341 BTC at moment of this post Smiley

Based on market cap, darkcoin still have the largest market cap among anon coins despite huge drop in price.

I personally think if there is a viable solution for anon feature, someone will develop a wallet to integrate the feature into bitcoin.
390  Bitcoin / Bitcoin Discussion / Re: Bitcoin defined on: August 23, 2014, 07:49:18 AM
Won't be too long before another branch of virtual currency is branch off.

Bitcoin: PoW cryptocurrency.
391  Economy / Service Discussion / Re: Bitstamp: No withdrawals for Bitcoin related companies on: August 23, 2014, 07:46:49 AM
When I walked into a bank to open up a business account for my latest venture, I ran into this issue. The representative who helped me filled in my personal info on her screen, verified that I had previously had business and personal accounts with this institution and then asked, "What is the name of your business?"

"Bitcoin General Store," I replied.

She immediately turned away from her keyboard and said, "I'm sorry, we don't allow accounts for any Bitcoin related businesses." It took about twenty minutes of assurances on my part that I would only be selling caps, t-shirts, etc and a phone call to her supervisor before I was allowed to open an account.

Needless to say, I only keep a minimum amount of USD in that account, just in case.

This is very sad, but at the same time it let you know that they have almost nothing left in the clip...
In the meantime, better drop 'bitcoin' from business names. If this is the best they can do they surely can't compile a list of actual bitcoin businesses.

You will get into bigger trouble by not informing the bank your business nature.

Better to be upfront and be known of the potential problems than having money either stucked or frozen.
392  Alternate cryptocurrencies / Altcoin Discussion / Re: price speculation ltc/btc on: August 23, 2014, 07:32:34 AM
IMO, LTC will be replaced with another altcoin.
Already Bittrex announced the opening of the another market: BC / BTC

You mean the 2nd spot market cap for LTC will be replaced?

Having the same thought, but I think it will not just drop from 2nd spot but slowly fade away over the next 12 months.
393  Other / Beginners & Help / Re: Wallet won't sync on: August 22, 2014, 01:57:19 AM
it is because it download the whole blockchain
try the wallet multibit you don't need to download the blockchain

Or use wallet service blockchain:

https://blockchain.info/wallet

Don't put more btc than you can afford to lose.
394  Economy / Speculation / Re: Where from here? on: August 22, 2014, 01:53:53 AM
Where this rollercoaster is going?

Up and down.

Both bull and bear lose out to vix traders.
395  Bitcoin / Bitcoin Discussion / Re: Bringing Bitcoin to the mainstream on: August 22, 2014, 01:41:51 AM
What if people are paid their salaries in bitcoins? Not the entire value but a %.

There are many people receiving their salaries on Paypal already.

Some already doing this. For instance, you can hire coders and pay them using btc. And many bitcoin business are paying posters using btc.
396  Bitcoin / Bitcoin Discussion / Re: Hmmm -- is this the end of BTC in AUS? !! Furious !! on: August 21, 2014, 02:19:53 PM
Legitimate business already comply with existing rules and regulation.

Making btc comply with the law is not really that difficult. I don't see how this will end btc usage in Australia.
397  Economy / Speculation / Re: i bought almost 1btc.. at 475$ on: August 21, 2014, 02:17:59 PM
i'm finally in .. long time interested by bitcoin,
i'm part of the people who arrived after the bubble, and now i'm glad the price is more affordable.
it's true i really wanted 1 btc, cause 0,5 or 0,3 feels mehhh..
on one hand it turns down people to buy because its too exepensive, on the other hand it forces people to spend a lot if they really want it..
anyway, i want to keep it, and i might never sell it cause eh 1 in 21 millions is still precious considering there are 7 billions people on earth Cheesy




Not bad.

You have the balls to buy when most users here dropped the balls and considering bailing out.

High risk == high reward if you bet right.
398  Economy / Economics / Re: Bitcoin as a socially fair currency on: August 21, 2014, 02:16:53 PM
Of the world's over 7 billion people, how many can today afford or even practically buy bitcoins? Not many percentage wise. And someone said that 70% of the U.S. population today don't even know what bitcoin is.

So how is that fair? It isn't. Because the opportunity to buy early is very lopsidedly distributed in society.

What about in the future? Let's say that a fraction of a percent of the world's population become very wealthy by having bought bitcoins early. The price of one bitcoin has become extremely high. Would that be a fair monetary system? Could be! Cheesy Why? Price/performance is progressing exponentially for information technology, and as Ray Kurzweil has pointed out, even material goods are becoming information technology.

This means that within a few decades people will be able to 3D print a Big Mac for free. And a decade after that, a flying Ferrari can be 3D printed for free. And then how many bitcoins you own will not matter that much. Ha ha.

I don't really see what point you are trying to make here.

Are you saying bitcoin is not fair because most people do not know what it is and hence not able to invest in it?
399  Economy / Economics / Re: Bitcoin still 300% of the Price 1 Year ago. on: August 20, 2014, 10:19:24 AM
This is comforting but I wonder if we'll be able to say the same in November.  Bitcoin has had ups and down but usually is higher than it was a year ago.  However, this coming winter will be a big test.

Good Luck.
Are you saying winter is coming?

The price peaked at around $1200 seven to eight months ago. Winter is already here.
400  Other / Politics & Society / Re: TX Governor Rick Perry Turns Himself In on: August 20, 2014, 10:14:50 AM
Turning himself in looks like a publicity stunt. I am guessing this is less of an embarrassing way to get arrested than the way Eliot Spitzer and Bob McDonnell did.
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