584
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Bitcoin / Bitcoin Discussion / Re: Cost and Confirmation time of Bitcoin Transactions
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on: November 20, 2013, 04:05:38 PM
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The fee is currently 0.1 mBTC (~$0.05). While this is not free it is pretty much cheaper than any other payment system. Credit Cards: $0.30 + 2% PayPal: $0.30 + 3% ACH: $0.25 to $0.50 Bank Wire: $10 to $25 International Bank Wire: $25 to $40 Check processing (business): $0.50 ea etc
To be fair, as much as I do love Bitcoin and what it brings to world transfers. Debit Card: Usually $0 for a lot of major websites. Bank Transfer (UK - UK bank account) $0 Bitcoins primary strength is still making small to very large fast transfers across great distances around the world with tiny fees.
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585
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Bitcoin / Bitcoin Discussion / Re: SERIOUSLY? Bitcoin Singapore 2013 - NOT What I Expected (Or Hoped For)
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on: November 20, 2013, 03:55:26 PM
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And to top it off - most of the presenters were just those involved with Bitcoin to fiat exchanges, bitcoin wallets, and "consulting" type services to help you deal with upcoming financial regulations for bitcoin by the current powers that be.
To be fair, that IS one of the most important steps, for the general public to easily transfer any wealth from existing types (like FIAT) into Bitcoin, without it being too complex, or fearful of having their bank account frozen or whatever.
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587
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Bitcoin / Bitcoin Discussion / Re: We were wrong
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on: November 20, 2013, 05:16:37 AM
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To come away from yesterday`s hearing with the conclusion that the US government approves of bitcoin is a bit naive, I`ve gotta say. It`s nothing but a tiny blip on their radar right now. If bitcoin actually does catch on and spread outside the small circle of crypto geeks and libertarians, trust me, they will start to care. And they`re not going to have good things to say anymore. They will find a way to tax it, regulate it, or bring it down. That`s what they do. How`s the online poker scene doing these days? Oh, that`s right, the government essentially shut it down by seizing the bank accounts of all the popular sites, in the name of *money laundering*. Hmm, wonder if bitcoin could be used for money laundering... I absolutely agree, bitcoin is very small right now for the US government. When it does grow the government will change its tune. We are still only at the beginning of this and there is a huge amount of development that still has to take place and that needs to progress to make it easier for everyday people. The future is exciting!!! Time will tell. Over here of course online gambling is legal (UK). I think the uk stance at the moment on Bitcoin is that it is a classed as a voucher......yeah....confused me as well.
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588
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Alternate cryptocurrencies / Altcoin Discussion / Re: It's going to be cute when bitcoin shatters and gets destroyed
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on: November 19, 2013, 07:21:12 PM
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Have to love the mods on this forum, they allow rampant scams yet they move this thread which is a general discussion about bitcoin failing because people started to talk about alt coims lol.
Also, another reason why emunie or other alt coins will destroy bitcoin is they dont require thousands of dollars for asics and cpus. eMunie's most important hardware requirement is fast hard drives. You can basically run a system that will last you a few years with your old desktop on top of that you're only wasting like 70watts at the wall.
If it lives up to all hits hype, then great, something that offers lighting fast transactions, is completely secure and uses far less power in the long term would be wonderful. But it has a looong long way to go judging by its forum, some rather critical security issues to overcome too: http://forum.emunie.com/index.php/topic/344-wallet-manipulation/
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589
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Other / Beginners & Help / Re: FEAR the BITCOIN
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on: November 19, 2013, 06:20:23 PM
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Please mark this page:
After today, there is no doubt in my mind the BTC was created by the government, and will become the new world currency, we all, have been trying to avoid for so long.
What better way to gain support for a New World currency, then by making alot of people rich, and hearing all the great stories about it. Everbody will pile into it, and will make alot of money in the process. So many people will be happy, and word of mouth will continue to build support for this BTC system.
Wake up, this is it and its only the beginning
Transactions are anynomous on BTC (Thats BS). Everything is linked to an IP adress, and logged onto a blockchain. How do you think they caught and shutdown silkroad.
Sell the citizens this illusion, that there is some new anti-gov currency, that was created by someone so smart we dont know who they are, and transactions will remain anynomous.
Are you people that blind. I know most of you have made money so wont bother really caring (The Greed of Human beings is astonishing)
Forget about the GREEDY part of making money. Think about it , very deeply, and thoroughly .
Oh dear *facepalm* Google 'open source' , read, learn, become wiser, you're welcome
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590
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Bitcoin / Bitcoin Discussion / Re: Why I'm boycotting bitcoins.
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on: November 19, 2013, 05:50:12 PM
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It's inherently classist. Only those with access to moderately high levels of technology can spend or receive it. Only those with access to exceedingly high levels of technology can "mine" it. Heterosexual, middle class or higher white males are disproportionally represented in the demographics of bitcoin users. Bitcoin only serves to uphold the current kyriarchal socioeconomic structures by making sure the privileged become more privileged.
And it's a terrible idea. You spend more on your parents' electricity bill and replacing burnt out GPUs that your parents buy for christmas and birthdays than you actually theoretically make.
Bitcoins are basically just this weird attempt by lolbertarian children to make their own currency and play stock market and dodge taxes.
Same arguments can be applied to using the internet itself, yet here you are, using the internet to post, will you be boycotting yourself from the internet as well to reaffirm your point?
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591
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Alternate cryptocurrencies / Altcoin Discussion / Re: It's going to be cute when bitcoin shatters and gets destroyed
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on: November 19, 2013, 05:35:04 PM
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Got out at 150 $ ?
I finally figured out why BitCONers get so defensive about an altcoin becoming successful. Ignorant gloating combined with fear and jealously! They want their place in the hierarchy of the ponzi scheme is static, i.e. who ever bought after them is lower than them on the totem pole. This is just male dick size all over again. They aren't really serious about changing the world. Ponzi crash be damned, NWO be damned, as long as their dick is longer than your dick. They sugar coat their dick-envy with "lying to themselves" proclamations about how they will cure cancer with their gains, etc.. Not very evolved from gorillas yet are we. There is a really funny real-life video I captured of these BitCONers: http://armstrongeconomics.com/2013/11/16/the-fairness-study/Really? because the impression I got in this thread was some guy writing in a childish attacking way going on about how useless Bitcoins are and there's this wonder replacement currency thats going to destroy it, whilst making lots of additional posts insulting people, ie the reverse of what you just wrote. Maybe Johny is right, maybe eMunie or some variant will take over as the primary cryptocurrency of the world!, but right now that is pure speculation, and if he was mature enough he'd realise that and not post in such a way as to embarrass himself coming across like a 12 year old, in that respect he does himself no favours. Seems mature discussions are a rarity on this board. As of right now this is what we know, Bitcoin is proven, its already widely used around the world way more than any other crypto currency, its not without its flaws (transaction times aren't always the most stable), but we know it works and is pretty damn solid. eMunie, well its still in the alpha stage imho, its very unproven and far to early stages to really form an opinion on. Only time will tell if Bitcoin rules surpeme, it has the edge in acceptance and the mainstream media spreading the word about. VHS beat Betamax after all and VHS was the inferior product. Anybody right now who claims to know absolutely for sure if Bitcoin will win, fail, or maintain its own niche market is doing nothing more than guessing, because no-one knows, its still far too early to say. Way I look at it, even if something like eMunie turned out to be rock solid and accepted as the new standard, people will still use Bitcoins and hold value in them for private person to person transactions around the world for very low fees. I don't see it as a threat, and welcome advances, as well as any advances to the Bitcoin code to further improve that too.
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593
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Bitcoin / Bitcoin Discussion / Re: You don't have to buy a whole Bitcoin! You can buy partial!
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on: November 19, 2013, 06:35:57 AM
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Yawn.
You are one weird dude. Or chick. You make no sense.
It's almost like you're trying desperately hard to come up with a ridiculous viewpoint on this. I can only imagine what you're like in person.
lol okay fine, I guess I`m just a big weirdo then. I just don`t condone the act of seeking out friends and family who show mild interest in bitcoin and convincing them to invest, even if it`s only a partial coin. I don`t see how one coin -- which was around $100 a month ago -- can now suddenly justify a 10 fold price increase. Even the most deluded bull has to acknowledge that a large bubble is growing, and this isn`t a good market for a novice to get mixed up with. You don't understand how markets work ,it's ok we get it. But what did you honestly think, that 1 Bitcoin would always remain a value of around $1?!?, that attitude is more elitist than that of seeing the price take off!. Why?, because there will only ever be 21 million of them, so realistically for Bitcoin to work as a currency it what, only a few hundred thousand peope have the right to exchange small change? And who gets to decide?. For Bitcoin to go mainstream and reach tens if not hundreds of millions of users, it's price HAS to go up a lot!.
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595
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Bitcoin / Bitcoin Discussion / Re: Bitcoin at the US Senate
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on: November 18, 2013, 10:22:47 PM
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Ya know, one thing people haven't talked about. As Bitcoin increasingly becomes stronger and stronger competition, we might even see the added benefit of charges being made by Banks and credit card companies getting reduced!. This would become a win-win situation for the everyday consumer.
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596
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Bitcoin / Bitcoin Discussion / Re: Bitcoin at the US Senate
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on: November 18, 2013, 10:03:13 PM
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Feeling a bit better about it all now, started off on the negative, but now it seems like most are in agreement that the existing systems in place are for the most part good enough as they already are. So I'm less concerned about some extreme clamping down on Bitcoin now.
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597
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Other / Beginners & Help / Re: Listen in! Senate hearing! Live in a few minutes!
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on: November 18, 2013, 08:32:37 PM
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What an opening statement, bitcoins used for illegal drug trading, terrorism etc etc. I hope one of those talking to the senators highlight the thousands of cases of illegal and terrorist activities funded by US dollars over the dacades... One is not an excuse for the other. The opening statement isn't false, regardless of the use of the US dollar. I hope they move forward with anti-crime measures, still considering legal the virtual currencies. That would be twice victory for BTC! My point being about the focus, not the accuracy, its easy to create a good or a bad picture based on how much of the talk is spent discussing the positive or the negative aspects, so far its fiercly pro-negative highlighting.
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