Energy costs money, thus adding value to the coins.
If it costs to make it is more valuable than if it is free.
That's untrue. Bitcoin would work even if no energy was consumed by mining. Look up Proof of Stake, for example. Costing more does not make anything more valuable, it just makes it more costly. Energy saving measures can reduce the cost, but these do not make it less valuable. |
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If your goal with this thread is to look for good regions for bitcoin businesses based on tax law you are probably looking at Cayman and UAE. http://en.wikipedia.org/wiki/List_of_countries_by_tax_ratesIf your goal is to get some tax advice from anonymous internet postings, just know that relying on it is probably not a good idea. If you pay for professional advice from an expert in your jurisdiction, at least you would have that to stand on, but "I read it on the internet" isn't going to be much use in a court. |
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Bitcoin is infectious. Once you "catch it" it tends to infect those near you. You become a carrier. I don't think China is cured of bitcoin, it is spreading there, person to person.
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Stamp, China and BTC-e all in close sync - Gox 70 (goxbux) up....
Wonder who decides that synchronisation, does it prove we are still following China price - if so, it's a concern.
It's like the (China provoked) dip, was not noticed.
The market decides, as it routes through government barriers. It moves through Arbitraging (sell on one exchange and buy on another). Money moves in to china easily, bitcoin flows out easily. Money does not move out of china easily so China should be expected to never be much below the others, though it could be significantly above with internal demand. |
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There doesnt need to be a justification for the rise right now. Were simply going up "because china". Its a house of cards too.
China is too big for these little moves. More likely some Overstock presages Amazon speculation. |
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致NXT核心团队：
我们一直在DGEX网站交易NXT，我们发现dgex交易网存在以下相关问题，请尽快关注并解决。
1、dgex交易网保密性、安全性不足，支持的密码长度短，数据传输没有加密，请改进。
2、dgex性能过低。现在dgex日交易量近2000BTC， 而且交易量还在快速增加，dgex的性能已经无法满足快速增长的交易需求，请尽快提升DGEX的性能。
3、DGEX交易网的抗攻击能力太弱，需要大大加强抗攻击能力。
NXT的竞争者近期一直采用恶意攻击nextcoin.org、DGEX交易网站等方法疯狂打压NXT。
据我们观察，DGEX交易网站最近几乎每天都会受到包括DDOS攻击在内的恶意攻击。攻击者通过攻击DGEX，让DGEX交易网站超负载，使交易者无法进入交易，攻击者同时在DGEX大量 抛盘来打压NXT。
我们是NXT的关注者，希望NXT稳步发展壮大，以上是我们的建议，请开发团队能关注并尽快解决以上问题！
You are so right about this ! Pin Yes, Yan's concerns are valid with respect to the security elements at the minimum: password length, network strength, and imcreased decentralization to avoid the DDOS issues. Other exchanges would assist the decentralization, but the exchanges may have concerns attaching to a vulnerable trading partner in this coin. |
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Bitcoin has perpetual debasement, it is however, deeply under the investment growth rate.
As you know, it is declining asymptotically to zero, and will be annually <1% by 2032 and <0.2% by 2040. We agree on this. So the issue is with the rate of debasement, rather than the absence of it? Money that is not debased at about 5% per annum can not be the currency due to Gresham's Law. I ran the data since 1800s, and 5% to be seems about what society requires. Without debasement, the rich end up owning everything. Society will not tolerate that, thus a looser form of currency always wins. I'd like to see that data source, that percentage seems pretty high. The conclusion also seems to be a leap of logic as debasement itself is a transfer of wealth from the poor to the rich. |
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A big thanks to the above poster for the hints about using the Zendesk ticketing system. I was familiar with such systems having used them in other efforts, but they might not be as obvious to everyone. Hints like this can go a long ways toward helping others.
Bitcoin-brokers seems in theory to be a pretty tight system. In practice as well. The most obvious failure mode is if the operator took off with the sellers coins which are in escrow. That he uses a ticketing system like Zendesk is something I considered comforting. I don't know if it is true or not, but hopefully Zendesk has DOX on the operator and would cooperate in hunting him down if he was running an obvious scam using their service.
When I used this service I found the responsiveness of the operator to be similarly impressive. And the results to be fantastic. I now use Coinbase mostly but will not hesitate to use this services again and may do so even if Coinbase remains performant.
Bitcoin-Brokers is the best option for buying bitcoin same day, reliably and without weird business decision risks. The issues I've had with Coinbase are 1) Arbitrarily reversing trades due to "high risk" despite thousands of trades with them, a too high percentage of purchases get reversed when the price rises between purchase and fulfillment. 2) A major bank cancelled my account shortly after the first Coinbase ACH trade. They bank did not provide a reason (they aren't required to do so), but there was nothing other than those Coinbase transactions that had changed. Coinbase may be too high-profile for its own good. If US banks decide they don't like bitcoin companies, it stands out. I'm getting an account with Simple.com (which reputedly does like Bitcoin companies) set up with Coinbase to test how that goes, but this still won't resolve the issue #1 of unreliability. The account closure option doesn't happen to everyone, yet, but it is common enough to be a concern if you want to keep your bank account. http://www.coindesk.com/capital-one-closes-bank-account-bitcoin/http://vr-zone.com/articles/bitcoin-businesses-getting-banned-banks-us/64047.htmlhttp://www.forbes.com/sites/kashmirhill/2013/11/15/bitcoin-companies-and-entrepreneurs-cant-get-bank-accounts/http://www.reddit.com/r/Bitcoin/comments/1rytlm/wells_fargo_investigating_use_of_coinbase/http://www.sfgate.com/business/article/Bitcoin-hasn-t-yet-gained-currency-with-banks-5042604.php |
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Does anybody know why btc-e USD disappeared from bitcoincharts.com?
No idea but I noticed yesterday that it was absent. Probably because it is so hard to get any USD to BTC-E, so they don't bother. Anyone want to ripple me some through to there?  |
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THERE IS ZERO POSSIBILITY that the NSA or government would have done anything if Snowden would have followed proper channels. ANY Channel available to him would have led to 1) losing his job 2) worse 3) the government plugging the holes that Snowden used and furthering their lies to the American people. There is no end to corruption and manipulation in an organization that has every email about every person at their disposal. How many Senators would Ed Snowden have had to talk to before he found one that was incorruptible and had not dirt in his email closet. ALL OF THEM and he would have failed.
Snowden will go down in history as a hero of our times. I doubt if anyone criticizing him would have ever had the courage to do what he did or the foresight to understand the folly of doing anything else.
The exposure and change we are seeing related to our privacy has been nothing but amazing and we have only one man to thank and that is Edward Snowden.
great! Exposure and change? The exposure is more international than US. US is losing lots of international IT service business due to the revelations, but other than that, not much changed. Its approved and backed at the highest levels. Nothing meaningful is likely to change, you can believe that. http://blogs.wsj.com/washwire/2013/06/07/transcript-what-obama-said-on-nsa-controversy/Obama rhetoric includes: "when it comes to telephone calls, every member of Congress has been briefed on this program" (leaving out all of the data collection in that briefing, just the voice) " I think at the outset, it’s important to understand that your duly elected representatives have been consistently informed on exactly what we’re doing." (whether or not representatives are briefed, it is important that you believe that this is normal procedures - a new normal). "When it comes to telephone calls, nobody is listening to your telephone calls." (They are computer transcribed, voice analyzed, and data processed, not listened to) "if the intelligence community then actually wants to listen to a phone call, they’ve got to go back to a federal judge" (far a rubber stamp with no oversight, unless they decide it is an emergency, then they can do this later) "I think, on balance, we — you know, we have established a process and a procedure that the American people should feel comfortable about" (He want's the American people to feel comfortable with the way it is - so no changes need be implemented.) Unless there is a very outspoken public within the USA, there will be no change except maybe something around the margins as window dressing, probably to include some more funding and an expedited surveillance approval process. It is costing the USA business, but the government doesn't feel that. They don't need to make a business work, so long as there is enough tax "revenue". |
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China price has caught up with Stamp. Last time these two came together they diverged to the downside. My hope is BTCChina is back in the driver's seat and we see a huge rally from China to Choo Choo past the gox price.
get with the program it is huboi..driving this crazy train There is solid unidirectional arbitrage happening with china if you are following price and volume. (getting money in to PRC and btc out is easy, the opposite isn't) so btcchina should have pretty solid flooring. It could be a drag on the upside moves or lead, but should not be seeing it so much below again. |
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The return of the triple tit!
but when to buy back in?
5 seconds after it hits bottom  You say that because your trigger is 4 minutes after? |
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If you have never used Silkroad 1.0 in your life, you are not a true bitcoiner.  this is waht I exactly hate, so you think we are junks ? using drugs is one thing and using bitcoin is another thing, I am so happy that they took SR down, I hate when people start talking about "body freedom" and all that shit, do you have kids ? or let me put it this way, when you will have kids I would love to know what you think about your kid wasting his life with using drugs and I would love to know how would you feel looking at him, would you still think "yes freedom" so what do you think about child porn ? also normal ? man I hate these people.... What about those who saved life with drugs they would not otherwise easily have been able to procure? Why do folks always focus on the worst cases? Drug abuse is bad, we agree. Having an epipen available when someone is having an allergic reaction can save a life in minutes, especially in rural areas. Doea child porn even still exist? I thought that was just a LEO bugaboo after the anonymous collective DDoS'd all those into oblivion and off the darknet. TYVM |
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there is a denomination emblazoned on the pieces as a historical marker reflective of an approximate amount for the year. Right, I get that. historical marker and all. Certainly better than putting $10 on a 2006 NORFED round.. because the USD is trash and .25BTC 2013 represents what it represents. I like it even better than seeing 'FIFTY' on 1oz silver rounds.. And the QR link to the exchange rate is like a built in 1oz silver round calculator. + it's super beautiful.. but ya know people will forever be goin' .. ''but.. .25BTC equals.. such and such'' ..which i suppose will keep people talking about it.. So, um 'never mind. That is in fact the point of doing it. If in 5 years, .25 BTC is the price of a car and in 2013 was the price of an ounce of silver, that is the lesson. It is the same lesson that folks get when a silver dollar is now worth multiples more than a silver dollar, but the opposite direction. Together these two lessons tell the tale of central banking's fiat vs our beloved distributed currency. $ < Commodity < Bitcoin |
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I did not read through all the craps above, but why are people talking about elliptic curves? SHA-256 is not based on elliptic curve cryptography, it is simple prime factorisation cryptography, am I mistaken?
Neither really. ECC is indeed based on elliptic curves. It's used to sign transactions in the bitcoin blockchain. SHA is not prime factorization. That's RSA, just about. SHA is its own little thing, based on AFAIK a Merkle-Damgard construction. yeah? I am a newbie when it comes to the inner workings of the bitcoin code, but I am a bit concerned since NIST standard for pseudo-random number generation based on ECC is compromised. Perhaps bitcoin uses an unadulterated version? Read this whole thread. It isn't that long and will give you answers, even as a newbie. |
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We don't need a 1:1 ratio.... Perhaps if we bring our significant other they get in for free, whether the couple is straight or gay.
That could fix part of the ratio problem....Even if the system can be easily exploited, anyone gets a chance to bring their date to the party.
That might save a few euros on the hostess bill. |
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Guys why not we think Selling Gold and Silver and investing in Crypto, Forget all centralized and lets make it Large.
We are thinking the same, actually. Specie isn't investment, it is pocket change. The bitcoin specie project makes Bitcoin, the virtual currency unique and better in yet another way. No national fiat currency has specie today. Bitcoin does, and Bitcoin benefits from this in many ways. |
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Thanks to all who replied to my post. It was nice to come back after a day afloat in the forums to see that someone noticed and replied to my post. I haven't been out to amagimetals.com yet, but It's my next stop on the Internets. I know eBay has a wonderful markup from my own experience there. This week I actually sold an ounce of silver for $275 =) Merry Christmas!! (= x2 on the eBay 'But holeeee shit...lol' comment No doubt folks see the QR code and the .25BTC and do some math.. Not taking into account that it's still just an ounce of silver. I do love that round.. and the QR link to calculate itself when used in trade is cool... but other than being worth .25 at the time it was minted, I cant really get behind that .25 bit. Kinda like NORFED or AOCS putting USD numbers on sh*t. If you care to enlighten me? Thank you for this question. tl;dr It is pretty simple. Scan the QR for the value. Or further enlightenment is here: https://bitcointalk.org/index.php?topic=269535.0;allIn brief, there is a denomination emblazoned on the pieces as a historical marker reflective of an approximate amount for the year. (In the beginning of 2013 1 ounce of silver was worth more than a single bitcoin, and a quarter bitcoin is actually about the mean value for the year, so it was a pretty good guess.) The value is not the nominal value, and is instead represented by the QR code, which when scanned provides the current real-time value in Bitcoin and in the major currencies of the world. Future generations and historians can see these pieces for what they are and were, representational of the value for the year they were minted. This is also an educational element. A US silver dollar (or silver doubloon, or any other silver coin) is today going to have a much higher value than its nominal value. The opposite of this is true with Bitcoin. This stark difference highlights the special nature of Bitcoin. So with the QR linked site, not only do they have a permanent utility as a transactional currency that can be used to pay for items denominated in bitcoin at point of sale, a form of outreach to those new to bitcoin, and an educational facility. |
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newsflash it is a scam.. Do not protect the scammers when it's been proven
The lawsuit is a scam? What is the proof of this? |
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