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581  Bitcoin / Bitcoin Discussion / Re: USA Today Superimposed Logo with Bitcoin on: May 09, 2014, 07:06:07 PM
Did the site get hacked?
582  Bitcoin / Bitcoin Discussion / Re: Bitcoin neckless medalion and mint bullion on: May 09, 2014, 07:04:20 PM
Lead please.
583  Bitcoin / Bitcoin Discussion / Re: The Bitcoin Foundation Must Remove Satoshi as Founder on: May 09, 2014, 06:46:54 PM
Satoshi Nakamoto was not a founder of the bitcoin foundation. It  is highly unethical for him to be listed as a founder. It is not an honorary title. Satoshi created a decentralised system. He would hate the foundation's centralisation.

Now that a highly controversial figure has been elected to the board I think it is imperative that the foundation stops claiming legitimacy by stating that Satoshi was in any way a founder or in any way approved of that rotten centalisation.

How can you speak for Satoshi?  Do you know him personally?  Has he told you that he doesn't want to be associated with the Foundation?  Can you prove that he didn't give the foundation permission to list him?

It is highly unethical for you to be deciding on behalf of Satoshi if he should be listed unless he has given you permission to do so.  Let him speak for himself if he is against it.

This is a completely retarded response.  Given the fact that you know full-well Satoshi isn't going to "speak up" in the first place, your response is kind of useless.  Even if he did, the onus is not on Satoshi saying "No".  In a situation like this, the onus is on him saying "Yes".

Naming him as founder is really just a way for the Bitcoin Foundation to imply that they're *supported* by Satoshi himself.   That assertion shouldn't be made unless Satoshi explicitly states he not only founded, but also supports this organization.  Naming him as a founding member also implies that everything they do has the blessing of the creator of Bitcoin.  This is why the onus is on Satoshi saying "Yes".   Not Satoshi saying "No".   Given the fact that *everything he did* was intended to end all forms of centralized organizations, the OP's has every logical right to claim Satoshi never said "Yes" to this.

-B-
584  Bitcoin / Bitcoin Discussion / Re: A tale of how Brock Pierced the corporate veil on: May 08, 2014, 10:14:08 PM
If I had to pick a porn name, it would be Brock Pierce.

-B-
585  Bitcoin / Bitcoin Discussion / Re: Breaking News: U.S. Federal Election Commission approves Bitcoin donations on: May 08, 2014, 09:55:23 PM
The first politician to accept Bitcoin contributions is Congressman Jared Polis:

http://polis.house.gov/news/documentsingle.aspx?DocumentID=371808

Donate:
http://bitcoin.polisforcongress.com/
586  Bitcoin / Bitcoin Discussion / Congressman Polis - Supporting Bitcoin in Government on: May 08, 2014, 09:51:43 PM
FEC has finally approved allowing Bitcoin donations to political groups. The first to jump forward in support of Bitcoin has been Congressman Jared Polis.  

As of right now, Congressman Polis is the biggest Bitcoin advocate in Congress, so the community should support him if possible.

He previously wrote for the "Ban on the US Dollar":  http://polis.house.gov/news/documentsingle.aspx?DocumentID=371808

Donations from the Bitcoin community to Congressman Polis will ensure efforts towards legislation promoting freedom of commerce and limited regulation with Bitcoin.

http://bitcoin.polisforcongress.com/

The form fields I assume you can put whatever you want.  I think the law requires that he take that information.   Put Mickey Mouse if you like.  

-B-
587  Other / Beginners & Help / Re: Im fairly new to bitcoins! im looking for some advice on: May 08, 2014, 06:11:19 PM
Buy.  Don't mine.

Coinbase.

-B-
588  Bitcoin / Bitcoin Discussion / Re: So if China doesn't matter to BTC, what is causing the price to stay down? on: May 08, 2014, 06:10:35 PM
given that about 3600 new coins are mined every day.

This
589  Bitcoin / Bitcoin Discussion / Re: Buffets right hand man calls Bitcoin rat poison on: May 08, 2014, 06:02:26 PM
Have any of you yet envisioned the movie that will come out in 5-10 years which will include clips of Buffet calling it a Mirage, and his right hand guy calling it Rat Poison?

It will be a movie about how Bitcoin literally transformed the world economies, and these two guys will be made to look like idiots when those clips are re-played.

Showing how people talked trash in the beginning.  So looking forward to it.

-B-
590  Other / Off-topic / Irriating Bank Stories on: May 07, 2014, 05:02:23 PM
Just wanted to vent.  I have 3 business accounts with Chase which do nearly $1 million per year in deposits.  That means I'm putting in $85,000 a month into my accounts via various types of deposits.

Yesterday I received a refund check from the United States Treasury for $440.  Official US Treasury check. 

After I did the deposit, I was informed that CHASE would be holding $240 of my whopping $440 check for 3-4 business days.

LOL!!!!!!

I actually got on the phone and called the "Business Premiere" service line at CHASE and went off on them.  These guys are holding $200 of a $400 check for 3-4 business days.

Wanna know why?  So they can take my money and earn interest/dividents/gains on it for that 3-4 business days, while feeding me some bullshit that its to reduce risk of bounced checks.

When I reminded them it was an official US Treasury Govt check and risk was zero, they had nothing to say.

I am looking forward to when the Bank can no longer take my fucking money and go earn income off it, without my permission.

Thank you Bitcoin.
591  Economy / Economics / Re: Bitcoin transaction volume dropping on: May 07, 2014, 04:58:08 PM
Unless there is fiat chasing after bitcoin, this will be the trend.  Lots of VC going into businesses...but not bitcoin itself.

Yup.   Lots of rich people who "want bitcoin businesses to succeed" and in the process they "suck seed" from the regulators weiners because they don't hold actual Bitcoin themselves, and care only for making money off the businesses that provide services around Bitcoin.  Assuming they succeed long enough, maybe Bitcoin itself will propel to new heights because of the businesses.  But the only VC going directly into Bitcoin are the investment companies that are offering trading platforms and direct investing.

I believe that number is 300 million starting ... soon.

-B-
592  Bitcoin / Bitcoin Discussion / Re: Concealed Handgun Classess for Bitcoin Donations on: May 07, 2014, 04:53:07 PM
As far as I'm concerned every gun in this country can suck a dick.

-B-
593  Economy / Speculation / Re: thinking about buying 5k in bitcoin on: May 07, 2014, 12:01:29 AM
Been lurking on these forums for a while, but this is my first post. I currently own 1 bitcoin that I bought around 420 a while back. I have some "extra" money set aside and thinking about buying 5k in bitcoin. I have been closely following the last couple of weeks and reading all that I could. I wanted to buy when it was down to 350 but I didn't have all by Coinbase stuff verified.

I have looked at a lot of the graphs posted (including the paint one... nice) and was just wondering if we can get some good conversation on when would be the right price to buy. I believe it is going to go back up and even if it goes up 100$ I figure with 10 coins that would be a nice little investment. Even better if some of the higher speculations come through

Best advice I have ever heard in the last 14 months:   Buy now.    Don't wait.   Don't try to figure it out.  Just "get in" and cold storage your coins.

In 5 years you're going to be sitting on a fat profit, no matter what.

If you can't wait 5 years, then be a little more careful on when you buy, because you'll be selling before the true money is made, and every little bit will count.

-B-
594  Economy / Speculation / Re: Don't keep your Bitcoin on an exchange - Help squeeze the shorts on: May 06, 2014, 01:20:22 AM
Squeeze my shorts.
595  Bitcoin / Bitcoin Discussion / Re: Bitcoin to kill SWIFT within 3 years. FinCen: "Crypto will be top 20 currencies" on: May 04, 2014, 05:11:12 PM
Shoot sorry about that.

Totally forgot the link.

http://www.finextra.com/news/fullstory.aspx?newsitemid=26027

Updated first post.
596  Bitcoin / Bitcoin Discussion / FinCen: "Bitcoin will be in top 20 currencies" Crypto to kill SWIFT within 3 yrs on: May 04, 2014, 03:44:47 PM
Finextra Future Money provokes strong views on fintech innovation

Edit - forgot the link:  http://www.finextra.com/news/fullstory.aspx?newsitemid=26027

Fraud is good, Pingit is rubbish and Swift will be dead within three years. There was no shortage of controversial and provocative views at a lively Finextra Future Money conference this week at Canary Wharf's Level39.

More than 400 people from the fintech world signed up for the conference and the vast majority battled tube strikes, fog and even a bomb scare to get to One Canada Square to explore the new wave of innovation sweeping across the financial services sector. Alessandro Hatami, digital payments and innovations director at Lloyds Banking Group kicked things off. He used his keynote to unleash an impressive battery of stats, revealing that, just three years after the bank launched an app, 30% of logins are now mobile.

In a wide-ranging talk, Hatami gave enthusiastic backing to the use of big data, cautious support to crypto-currencies and mobile NFC payments and, perhaps most surprisingly, a warm welcome to fraud...albeit only as a tool for forcing bankers to innovate.  Fintech may have captured the zeitgeist but, if the Future Money audience is any guide, it is still a niche area with huge room for growth. Throughout the event, delegates were asked: have they signed up for Paym, have they used mobile NFC payments, have they got a bitcoin wallet, have they used crowdfunding platforms?

Despite the nerdy demographic, in each instance only a handful of people raised their hands.

The area of fintech with the firmest grip on the zeitgeist is bitcoin. IBM's Richard Brown says that the emergence of crypto-currencies is similar to the rise of the Web and the graphical browser because it destroys islands and creates an open network. By removing the need for intermediaries such as banks, it will revolutionise how we pay and have a huge impact on costs.   Regulators are certainly now beginning to take the matter seriously. Ven Currency founder Stan Stalnaker informed delegates that at a recent meeting with US watchdogs he was told that FinCen and Treasury experts expect bitcoin to be one of the world's top 20 currencies within 20 years.

In a later panel, investor Udayan Goyal made the boldest prediction of the day: that crypto-currencies will kill Swift within three years. To back up his claim, Goyal used the example of Fidor Bank, which now uses Ripple to move money between three countries without even touching Swift.

Inevitably at an event in the heart of London's financial services centre, there was much soul searching at Future Money from banks trying to work out how they can harness the new wave of fintech innovation.

Some attendees voiced scepticism about the recent rush from big banks to embrace 'innovation', with tools such as Barclays Pingit derided as marketing gimmicks that do little to change the way people interact with their money.

The popularity of labs, accelerators and incubators was also questioned. Are financial services firms attaching themselves to these projects to tick an easy box, for cheap PR? As we sat in the Level39 lab, Accenture's Samad Masood cut to the chase, asking "who cares" if PR is involved? As long as it promotes innovation, it's a good thing.
597  Economy / Speculation / Re: Are we the "Berkshire Hathaway" stock holders of the future? on: May 03, 2014, 03:39:01 PM
Yes in 34 years I will be 73!

Bitcoin has therefore encouraged me to exercise more, get better sleep, and eat my veggies Smiley

But I agree.  I don't think the timescale for BTC hitting $200,000 will be 34 years.  If it happens, I see it happening in 1/3 that time.  Just because BRK is the 1885 locomotive of stocks and BTC is the 2014 technology of innovation.

If you think about it though guys - here's a stock.  BRK.  How many stock holders? 

Now think about Bitcoin.  How many possible users?   Its staggering what that could mean for all time high price of Bitcoin.

-B-
598  Economy / Speculation / Re: Got to keep reminding myself ... on: May 02, 2014, 04:16:22 PM

Why is it so much harder to be patient this time?   


Cos this time, the price is grinding down. Jul-Oct, the price was grinding up, and then exploded to upside.

Yeah.  I think you're right.  Its more difficult because it is creeping downwards. 

If you look at the last "lull" it was going nearly straight sideways. 

We were doing the 190-220 thing for the entire 6 months.
599  Economy / Speculation / Re: Got to keep reminding myself ... on: May 02, 2014, 03:56:07 AM
Why are we waiting for November?

I mean there's no guarantee that history will repeat itself, but the last "wait" was about 6 months.  We're at 5 months now.  So if history does repeat itself, we're looking at some changes coming in June-ish.

-B-
600  Economy / Speculation / Got to keep reminding myself ... on: May 02, 2014, 03:25:46 AM
That this long-ass wait for a price change is normal.   Im getting frustrated.  A little disillusioned.  I mean surely adoption must be increasing around the world.  Yet the price goes nowhere.

I try to remember - from June until November of last year, the price was completely stagnant.

That was a full 6 months. 

Still, somehow this year it seems like a much, much, much longer wait.  And its only been 5 months (Jan - May).

Why is it so much harder to be patient this time?   

-B-
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