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I'm back all in. I think we could have another weak leg down, but generally, we are in bounce territory. Indicators look to me a lot like prior to the ~6/29 pump. It's time to get bullish.
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no, because of college i tried weed and it messed up my brain. now i can't get a job (disabled).
Disabled from smoking weed -- haha, funny joke.  But seriously, I tell you, the key to life is bullshitting people. Trying to pad your resume without the experience will only get you so far. It takes more than a degree, but it can help you get your foot in the door, certainly. |
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exchanges, no other way tho
There are plenty of other ways. Local Bitcoins as some have said, IRC, trading and certain forum marketplaces, black markets and plenty of other ways. Black markets? Do tell. Localbitcoins is easiest -- I love cash/in-person but that will only get you so far if you really want to buy in/cash out a lot. I haven't heard too many complaints about wiring money to Bitstamp/Bitfinex, but BTCE I have heard of people running into delays/issues. However, BTCE is the superior trading platform of the three IMO. |
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Just be warned with new signature campaigns. They can have you advertise for a month and then disappear without paying. The income for sig campaigns should be incidental - you should not post spam posts and "me too" or "+1" replies to pad your post count.
Yeah, there's been some no-pay situations to be sure, and Updown.bt is still kind of up in the air. Hopefully he clears everything up. Re: spamming, I've seen quite a few accounts banned, who were clearly grinding out that signature ad money...  |
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If you don't know people who can put you on, a degree is an easy first way employers separate the wheat from the chaff. Getting your foot in the door is half the battle. Knowing how to deal with people and bullshit your way through life -- that's the other half. If you don't have that, a degree probably won't get you too far.
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But more bothersome to me is that the push to view BTC's price predominantly in mBTC (and later more precise units), is that I feel the people pushing this are doing so purely for financial gain -- the prevalent argument being that late adopters need to psychologically feel like they are getting more for their money, in order for increased adoption and therefore significant price rise to occur. I think that's total bullshit.
That is interesting. I personally don't see that psychological effect, but do other people really feel happier receiving 1 mbtc than 0.01 btc? That's the argument I've heard, anyway. Apparently, prospective buyers are like little babies -- break a cookie up into several pieces, and they think it's more than one cookie.... |
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OP is right -- too confusing. Screw this whole SI unit thing. BTC is a unit already, and it's widely accepted. This unit changing idea is so obviously pegged to USD value, that it means we'll go from mBTC, onto uBTC, satoshis, etc. etc. Or "bits" -- what the hell is that? Just some made up crap. BTC is a unit..... If you screw the metric system have fun without measuring in kilometers, kilograms, centimeters, Celsius, ampere, volts, ohms, watts, joule, newton, pascal, kelvin, gigahertz, terabytes, and what not. Have fun with your feet, bananas, inches, spider legs and whatever tools you have laying around there caveman. You're missing the point. Apparently it went way over your head. I have no problem with the metric system.  BTC is already a unit. What legitimate reason is there to peg it to fiat value -- seemingly the only justification for perpetually changing its unit? Every few years, we gonna change the unit? How many different wallet standards will there be, and how many people are going to send irreversible payments in the wrong order of magnitude? The dollar is perpetually being devalued -- the inverse of BTC. Do we constantly change the dollar's accepted unit, as it loses value? No; it is a standard that people are used to and understand. Same goes for BTC. However meters or kilometers would be quite useless if you are measuring your windows in order to place new frames. You'll need more precision so you divide by 1000 to get millimeters. (Or centimeters, but millimeters is usualy prefered in this case) [...] Need to buy a yacht? A couple of bitcoin will do Need to buy a car? Millibitcoin will be enough Need to buy a bread? Microbitcoin will be the best choice [...] Would you rather have millimeters and centimeters than having inches, yards and miles? Don't let bitcoin fall to the imperial system with all their weird 'bits' or we might as well introduce the banana scale. Believe me, I do not advocate for "bits".... Perhaps my perspective is off, being an early adopter. I've watched BTC from < $1 to > $1000. And it will always be BTC to me. I view my wallet balances in coins, not millicoins. One issue, as I mentioned, is that I see a potential problem with standardization when BTC's value could very well rise significantly over relatively short periods of time (years). If the prefix is constantly changing, I could see a lot of potential confusion -- not to mention I have no idea how consensus would be reached among BTC users and vendors. And I foresee lots of people sending irreversible payments to the wrong order of magnitude. Sure, dollars break down to cents. Do I view $1.50 as 150 cents? $100.50 as 10,050 cents? Hell no. Same goes for BTC. When gold went from < $300 to > $1900, did we consider switching to mXAU? But more bothersome to me is that the push to view BTC's price predominantly in mBTC (and later more precise units), is that I feel the people pushing this are doing so purely for financial gain -- the prevalent argument being that late adopters need to psychologically feel like they are getting more for their money, in order for increased adoption and therefore significant price rise to occur. I think that's total bullshit. |
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Ahhh, I see now why you're so bitter towards people who managed to graduate from university. You're a dropout who couldn't finish (bored, sure Wink, that's what my towny friends say, too). So you're a college dropout IT guy. How do you measure up against all the college graduate IT guys I know, who -- like me -- are cogs in the machine of top-down organizations? You're pretty clearly biased by the fact that you're a dropout, calling other peoples' skill sets worthless. My guess is you have very little real world experience working in business. You apparently have no clue what kind of demands competitive organizations have. Meanwhile, my in-house counsel friends are shitting all over your salary. Get over yourself.
As another poster said, you are expendable. No. You don't get it and never will. You are what I refer to as a normie. A bozo. The bottom line is we don't need more students going to college majoring in worthless things like you did and then beg for debt forgiveness. Then force all citizens to fork out extra cash to bail them out. Unbelievable. 1) Go ahead and state my position, since you seems so clear on it. I said nothing of the sort. 2) My principle issue is government policy. I don't advocate taxing citizens to bail out student debt. Eliminate incentives for increasing costs and lowering quality of education, encourage social consciousness of the moral bankruptcy of the type of corporate welfare that causes the proliferation of useless Phoenix University clones, and then we can talk about what level of education and specialization is optimal in an industrialized economy. I'm not sure if you're incredibly dense, or just lazy. If you were capable of comprehending anything I wrote, I never said anything about begging for debt forgiveness. Personally, I'm not dumb enough to bog myself down with debt. I did very well in school, I'm a damn good manager and I am employable across several fields. But this isn't about me. People like you need to break everything down into ad hominems, insults and anecdotes rather than provide a cogent opinion on broad social and macroeconomic issues. So fine, rather than address anything said, create bullshit straw men and call people names. But it doesn't make your opinion look particularly valid. I'm done here. Best of luck. |
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LOL. I'm glad you are apparently quite satisfied with yourself and your computer science background. But are you joking that accountants aren't highly in demand worldwide by every mid-sized and up company? Who do you think runs the books in major multi-national companies? Shit, every IT person I've met in my career were just cogs in the machine. Clearly you view this from within the scope of your anecdotal experience, and don't care to address the issues at hand. That's fine. But the question of education in the scope of macro-economics, and with a productive economy in mind, are a little beyond the clearly biased views you present here.
Nah. You're skillset is worthless. Move on. it's pretty obvious you know nothing about operating a mid-sized or large company. no such company could survive without competent accounting and legal departments. and IT is just another such department, and yes, you are most definitely expendable too.  Nah. Clearly you're a bozo. Really persuasive answers. Perhaps next time, a cohesive argument. You clearly know nothing about how businesses operate. it should be easier to get an education.. the more educated people are, the less shit government can pull. problem is, government doesn't want educated people.
It is easier to get an education. We have computers now. We have internet. We have YouTube. We have so many new tools thanks to technology that requires us to change our way of action. I learned how to design and code (front and back end) early in highschool thanks to video lectures I was able to gain access to and stream online. This was outside of the useless shit I was learning in school. I was passionate and still am about technology. Then I entered college with a sharp skillet and so much experience and I was surrounded by kids obsessed with video games and cat video games and they thought they were hardcore. Epic failures. just because you learned code online on your own doesn't mean everyone else is capable of doing that. most people are just simply not able to learn a useful skill by browsing the web. education also involves other skills where you need to be directly trained for a vocation. Even if you learn an useful skill online, you still need a qualified individual to confirm that you indeed have a good mastery of that skill. So even in that situation, going to an university would be useful. Yes and no. I feel my work and experience will speak for itself. And that experience lead to a network of respectable peers whose opinion carries significant weight. That adventure is my resume. I dropped out my junior year of college because I could not stand it. Ahhh, I see now why you're so bitter towards people who managed to graduate from university. You're a dropout who couldn't finish (bored, sure , that's what my towny friends say, too). So you're a college dropout IT guy. How do you measure up against all the college graduate IT guys I know, who -- like me -- are cogs in the machine of top-down organizations? You're pretty clearly biased by the fact that you're a dropout, calling other peoples' skill sets worthless. My guess is you have very little real world experience working in business. You apparently have no clue what kind of demands competitive organizations have. Meanwhile, my in-house counsel friends are shitting all over your salary. Get over yourself. As another poster said, you are expendable. |
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I highly recommend against investing in mining or cloud mining contracts, unless you think you have a knack for altcoin speculation. I would set aside what spare money you have and just buy when you can. Are there sellers in your area on localbitcoins.com?
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I think it's a crime and injustice to all the people who worked hard to liquidate their debt. It's all those dumb-dumbs that studied theater in college.
That's quite the oversimplification. If you take a closer look at the job market, wages and opportunities have plummeted, benefits are being phased out en masse. When I graduated with BA and paralegal cert, I was competing with out-of-work lawyers for part-time legal support work. The preparation for middle class life that college was supposed to be is no more, and through perverse incentives, increasingly poor people are pushed towards education as subsidies drive the price up persistently. Well there is your problem. You studied crap. You are just like an accountant. Overhead. Don't contribute much to the whole. I promise you wouldn't have this problem if you were passionate about computer science and majored in it. Also, your fields is localized and very narrow in terms of global scope. At least when you work in IT or computer science you play in a global marketplace. Your opportunities are pretty grand. I can move to Sweden or Italy or Germany and milk my skill set to make a living. What the hell can a lawyer or accountant do in another country they're unfamiliar with. Flip burgers. A theater major is even more worthless. Yes I'm harsh, but that's reality. LOL. I'm glad you are apparently quite satisfied with yourself and your computer science background. But are you joking that accountants aren't highly in demand worldwide by every mid-sized and up company? Who do you think runs the books in major multi-national companies? Shit, every IT person I've met in my career were just cogs in the machine. Clearly you view this from within the scope of your anecdotal experience, and don't care to address the issues at hand. That's fine. But the question of education in the scope of macro-economics, and with a productive economy in mind, are a little beyond the clearly biased views you present here. |
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Not sure I've traveled enough to be quite sure. I could see Germany, Holland, maybe Belgium. I also love East Asia, and Hong Kong especially, but I'm not sure I could cut it there living full time... |
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I usually have black americano in the morning. Just shitty coffee at work, and not much to do with it either, besides some Coffee Mate, but it gets me through the morning anyway. |
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$1,000 can hit today if they wanted to, its based on the pricing of exchanges who can do this.
You can see how Mt.Gox was one of them doing it so what stops others?
You saying the exchanges will drive the price up themselves? Like the "Willy Bot" on Gox? (I'm still not sure about that whole thing, and if it happened the way the report laid out) What interest to they have in that? I know they hold a lot of BTC, but over the long term, they will earn much $ and BTC in fees... |
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I love how everyone seems so sure of their answer in this thread.  All I know is that bitcoin is a roller coaster. The next bubble could very well hit when people least expect it -- right now many expect it. So I suspect it won't come quite yet. But we'll be at $10,000 soon enough. Hard to say when, but I'd be surprised if it took 2 years. |
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OP is right -- too confusing. Screw this whole SI unit thing. BTC is a unit already, and it's widely accepted. This unit changing idea is so obviously pegged to USD value, that it means we'll go from mBTC, onto uBTC, satoshis, etc. etc. Or "bits" -- what the hell is that? Just some made up crap. BTC is a unit..... If you screw the metric system have fun without measuring in kilometers, kilograms, centimeters, Celsius, ampere, volts, ohms, watts, joule, newton, pascal, kelvin, gigahertz, terabytes, and what not. Have fun with your feet, bananas, inches, spider legs and whatever tools you have laying around there caveman. You're missing the point. Apparently it went way over your head. I have no problem with the metric system. BTC is already a unit. What legitimate reason is there to peg it to fiat value -- seemingly the only justification for perpetually changing its unit? Every few years, we gonna change the unit? How many different wallet standards will there be, and how many people are going to send irreversible payments in the wrong order of magnitude? The dollar is perpetually being devalued -- the inverse of BTC. Do we constantly change the dollar's accepted unit, as it loses value? No; it is a standard that people are used to and understand. Same goes for BTC. We're not really making up new terms though. We are simply affixing already established metric prefixes to the units that we already know in order to distinguish their denomination. Here is a link to a few common metric prefixes. As you can see, calling an amount a centibitcoin is no different from calling a hundredth of a dollar a cent. We can also call it a megasatoshi. As far as wallet standards go, using different standard units is indeed an annoyance. However, as long as people understand how much a unit is as opposed to a satoshi, then there really shouldn't be a problem. It's not like a satoshi will be worth 0.01 USD anytime soon, so we won't be needing a new unit beyond it. Nobody said anything about "making up" terms. I am aware of the metric system, LOL. This is not about what the metric system is -- it is about whether it is useful or applicable here. I argue that it is not. Again, I see no reason to peg BTC value to USD value, and as your last point suggests, that's what this is really all about. Would someone explain to me why that is necessary? |
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OP is right -- too confusing. Screw this whole SI unit thing. BTC is a unit already, and it's widely accepted. This unit changing idea is so obviously pegged to USD value, that it means we'll go from mBTC, onto uBTC, satoshis, etc. etc. Or "bits" -- what the hell is that? Just some made up crap. BTC is a unit..... If you screw the metric system have fun without measuring in kilometers, kilograms, centimeters, Celsius, ampere, volts, ohms, watts, joule, newton, pascal, kelvin, gigahertz, terabytes, and what not. Have fun with your feet, bananas, inches, spider legs and whatever tools you have laying around there caveman. You're missing the point. Apparently it went way over your head. I have no problem with the metric system. BTC is already a unit. What legitimate reason is there to peg it to fiat value -- seemingly the only justification for perpetually changing its unit? Every few years, we gonna change the unit? How many different wallet standards will there be, and how many people are going to send irreversible payments in the wrong order of magnitude? The dollar is perpetually being devalued -- the inverse of BTC. Do we constantly change the dollar's accepted unit, as it loses value? No; it is a standard that people are used to and understand. Same goes for BTC. |
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That doesnt add up.
I see the years of the amount of bitcoin, and it only adds up to 50 btc. So he just stopped after he hit 50 btc? lol.
I`m sure he has way more then that, and this address is just a early miner adapter.
I remember hearing that each block reward was sent to a different mining address. He didn't send all the coins to one address or something like that... |
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If I do the following steps in order, I will receive bitcoins and they will be stored on the wallet.dat file on the flash drive, correct? Also, the next time I open the wallet that was stored on the flash drive using Bitcoin Core on an Online computer, will I be able to view and send the bitcoins?
Basically, yes. If you are only using the first address generated, then you don't need to worry about making additional backups. (If you regularly use new addresses, make transactions, etc., you need to make regular back-ups, otherwise new private keys generated may not be included in your original back-up.) Your wallet.dat contains the private key to that address, so once you open it and sync the blockchain, your coins should be available to send. |
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