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121  Economy / Economics / Re: What do you think should be the right Bitcoin price as of Februray 2017? on: February 07, 2017, 03:06:58 PM
I'm really curious what in your personal opinion the price should be - where do you think we should be in means of adoption and infrastructure.

We currently have price of about $1000 per 1 BTC, do you consider it as about right, overvalued or undervalued in all and all?

Please vote and if possible please explain why you voted in this way below.


For me it always works best when 1 BTC is 100 million satoshi.  I like the stable price.
122  Bitcoin / Project Development / Re: Military/Travel Side Token on: January 27, 2017, 05:14:39 AM
I simply do not have time to touch this, but I am putting the idea out there if someone wants to jump on it.  I speak as a former US Navy officer that toured from 1990-1996.  I have been on leave and on tour in, just to name a few, Japan, Afghanistan, most of Europe, Iraq/Kuwait and several other ports.  This was before the Euro was really around or very popular and since the idea of the Euro has diminished.

One of the biggest points of confusion when in port or on leave is the currency.  I believe I remember spending 10,000 Yen or more for a pack of cigarettes, some unknown amount of German currency, French currency and Italian currency to buy whatever.  Honestly, most of my leave time was spent drinking, which compounds the issue because once you are a little tipsy, the conversions get even crazier to track.  Several sailors get ripped off left and right and others lose track of their spending quickly.

I have since traveled a great deal and most of the time I get around these mass conversions by booking almost everything in advance online and spending very little money cash out of hand. 

I suggest a side token of Bitcoin that military and other travelers can use.  This is a huge project, not because of development, but because it will need a great deal of integration in several different countries.  If this works and gets even a little integration, then it may help get cryptos into some countries more quickly.  Yes, it is another avenue of money laundering, but so is everything these days.  I suggest a colored coin versus a separate alt coin because there needs to be a way to ensure a semi-controlled value.  A Navy sailor that converts their last ten paychecks into the coin and then finds that the value dropped off could be stranded or worse.  The same could be true of anyone out of the country.  Imagine the Navy sailor converting to X coin, losing everything and then trying to figure how to feed their family 4,000 miles away.  A side token can lose value too, but there are more ways to ensure that the original BTC value that enters the side token's chain is preserved.

I would love to do this, but anyone looking at my post history will see that I currently have more than six projects in the works and that is just the list spoken about here.  As I said, dev'ing the token is pretty easy, but getting it used in X number of foreign countries is a big bill to pay.  Any thoughts would be appreciated, I am keeping this thread NOT self-moderated so that if someone takes the idea and runs they can do what they wish here. 

I agree with the person asking, "why not Bitcoin"

However, your wish is already granted. It's called Tether.

You just need to convince the barkeep and escorts to accept it. You would have better luck convincing them to accept Bitcoin.

That's just, like, my opinion, man.
123  Bitcoin / Bitcoin Discussion / Re: [China's fakeness] Before and after on: January 26, 2017, 06:17:30 AM
for years on the social media regarding bitcoin, we have been hearing these words "China is controlling bitcoin" i have always shook my head in disappointment after seeing how many people fall for the manipulative words.

you can even see a topic with this exact title here and half of people voting "Yes" for it!

here is how fake Chinese trading volumes were:

and although i have always been saying having the mining power has nothing to do with any of all this, since not long ago had 51+% of the hashrate in one place and nothing happened, but i would like to share this image here also because i find it relevant:

Source please of the data used to build these charts.  Thanks, man.
124  Alternate cryptocurrencies / Altcoin Discussion / Re: Has anybody used Tether? on: January 21, 2017, 10:47:03 PM
The client is a Bitcoin full node and a bit outdated 0.12 I think. Works fine. The client is for all tokens that use the Omni protocol layer on top of Bitcoin, not only Tether as well as Bitcoin of course.

125  Alternate cryptocurrencies / Altcoin Discussion / Re: Switzerland and cryptocurrency on: January 17, 2017, 12:12:27 PM
Do you trust the home of banking to be the new home of cryptocurrency?
Is this be a good thing for the future of cryptocurrency or will this just ensure that the banking system continues to control currency?

The Swiss lawmakers seem to be taking some steps to regulate cryptocurrency and fintech in general. We will have to wait for the final shape of their regulatory measures, before passing judgment on how effective it is. If it is as bad as Bitlicence, it could result in crypto-currency users avoiding Switzerland like the plague.  Tongue

Damn, die Polizei saw the 12 words in my brain. Run for it!
126  Bitcoin / Bitcoin Discussion / Re: EU to create database linking ID to cryptowallets on: January 13, 2017, 05:35:50 AM

Is this simply possible to make?

I know that anybody can create his own wallet with his own application on desktop. How can EU collect all those information. This simply seems impossible to put into action.

What do you think?

We anticipated this. We are making Monero.
127  Bitcoin / Bitcoin Discussion / Re: What would be the best websites to spend one Bitcoin? on: January 09, 2017, 04:48:47 PM
I just want to spend one Bitcoin today, never have bought anything, always investing, any recomendations, shops, etc?

Probably, you can find tons of discounts here, I think they use Amazon gifts or something. I can't think of any other places where I would bother spending money on stuff, if you don't have an incentive to use bitcoin over fiat, then save the bitcoin for long term. I feel like im paying with gold when I pay with bitcoin, because most of the time I get no benefit, it would have been the same if I just paid with my credit card, and fiat will go down while bitcoin will go up. is fun.
128  Bitcoin / Bitcoin Discussion / Re: Swiss account holders will need a new store of value... on: January 08, 2017, 01:25:55 PM
Bitcoin isn't really anonymous though, it is pseudonymous. It only works as tax haven if the holder is super-discreet and doesn't trip various wires, like selling a lot in one go.

However Bitcoin can not be seized like bank accounts. This feature is priceless.

it can, it is counted as an asset if the court wants to and they can order the law enforcement to seize your assets with bitcoin included.
if I am remembering this right, it was BurtW who had a similar experience when they seized all his bitcoin.

Not using Bitcoin properly is totally possible. But using it properly is the preferred method.
129  Bitcoin / Bitcoin Discussion / Re: Swiss account holders will need a new store of value... on: January 08, 2017, 06:24:05 AM
Bitcoin isn't really anonymous though, it is pseudonymous. It only works as tax haven if the holder is super-discreet and doesn't trip various wires, like selling a lot in one go.

However Bitcoin can not be seized like bank accounts. This feature is priceless.
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