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1481  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin Is Destroying Altcoins - We Need Exchanges Without Bitcoin on: March 12, 2015, 11:03:26 AM
It would be great if you did that, because then the altcoins would die off quickly. Bitcoin is the only link to the real world for most of them, and without it they would be worthless.
There aren't many exchanges that accept direct fiat into alt conversions, so without bitcoin as the middle man, it would be a lot of effort to actually buy the alts in the first place.
If the exchanges followed your plan, I think there would be an exodus from Alts, I don't mind playing around trading Alts, knowing I can get my bitcoin back, more or less, but if I was in and committed, I wouldn't bother.
1482  Other / Politics & Society / Re: Jeremy Clarkson suspended from Top Gear on: March 12, 2015, 07:50:52 AM
I like him overal but he can be a bit of a twat sometimes.

The BBC has suspended Top Gear host Jeremy Clarkson "following a fracas" with a producer.

I'd love to know what a 'fracas' entails exactly. Wonder if they got into a fistfight. I'm sure they'll kiss and make up though as Top Gear likely wont go on without him and it makes too much money for the BBC.

Lol yeah I wondered to what a fracas was. must be a British term.
It is a British term.
I am getting a bit peeved about the public response to him being suspended.  We don't really know what he did, but the rumours are that he made racist comments and that he punched a producer.
I think the racist stuff might be from his last few incidents, but punching a producer is a new accusation.  If I did that at work, I would be at least suspended!  I like top gear, even though it's best days are behind it, but I won't support someone for being a lout, just because he is fgood value on tv
1483  Bitcoin / Bitcoin Discussion / Re: Is It Possible to Insure Bitcoin Technology? on: March 12, 2015, 07:36:17 AM
You can't really insure bitcoin. There is Volatility in price, risk of hacks, and possible accidental memory loss resulting in total loss of all your bitcoins.

My bank accounts are insured to cover any losses, my home/car/bike etc can all be insure against theft, why can't bitcoin?
As long as you can prove that they were stolen and that you had taken adequate precautions (this is where the insurance companies will screw us!) then it seems completely fair to expect reimbursement through an insurance policy.  I bet the premiums would be high to start with though.
1484  Economy / Economics / Re: What if the necessity of use outweighs the desire of gold? on: March 12, 2015, 07:31:07 AM
As great as bitcoin;s are for store of value, they sometimes have to be used in order to create more economic output, which means spent….
It doesn't really work in this case. If you look through the periodic table, there is essentially nothing but Gold and Silver that is unreactive and plentiful enough to be stored to keep it's value.
Bitcoin is great but can't be guaranteed to keep it's value like Gold and Silver, it could legitimately be replaced by something better and antiquated in no time, reducing it's value to zero.

Bitcoin at this stage is a good investment, but it will live or die by being used for trading.  I try to use it whenever I get the chance, I encourage others to do the same.
1485  Economy / Speculation / Re: Coindesk are entering the retail/marketing space on: March 11, 2015, 06:22:12 PM
Just went on Coindesk to check out today"s news - Now as you guys all know the price index doesn't always follow with media stories.

Anyway they are giving away 10% discount for purchases and the chance to win a Macbook Pro, you just have to sign up using your email.

They have more free stuff in the Giveaway Section.


https://deals.coindesk.com/giveaways/the-macbook-pro-giveaway

Just though I'd share with you all
Priced in USD, I don't really see it as very compatible with what they have been doing up until now, it's a little odd in fact.
Some of the prices look pretty good though, and the chance to win the laptop is worth a potshot, so thanks for the info.
1486  Economy / Speculation / Re: International remittances will have little afffect on the price. on: March 11, 2015, 06:19:07 PM
Some people rate the price of BTC in accordance to the market cap of certain money transfer companies, or to the amount of annual transfer. Not only is this without reason, it forgets the fact that a remittance requires the buying and selling of the coins. Buy = price up, sell = price down. Thus transfers being made will have little affect on btc price.

The money transfer companies wouldn't always go out and buy the bitcoin, then sell them when the transfer is complete, they would surely have some on demand to perform quick transfers.  Right now I am sure that Western Union has loads of foreign currency all over the world for just this reason.

I think the increased usage of Bitcoin would increase the price, along with competition for buying when they first start to buy in.
1487  Other / Politics & Society / Re: Who is the most powerful politician? on: March 11, 2015, 06:12:21 PM
Central bankers, because they have not only managed to convince people that they are required in society and are doing good in the world, they actually make the people they install into political parties think they're in charge, when of course, they actually aren't and the rest of the public believe it too.
Central bankers aren't politicians.
I'll shock you with this one, I think the president of the United States is the most powerful politician in the world.  They have the most powerful force in the history of the world at their command along with the biggest economy in history at their command.
1488  Bitcoin / Bitcoin Discussion / Re: Bitcoin the good the bad and the future on: March 11, 2015, 03:03:25 PM
This advert seems a little disingenuous to me.  The price was $13 at the start of 2013 and $800 at the start of 2014, what was it at the start of 2015? That part is left out!
Also the prediction of the price part is the same, some predict $10,000, others predict $0,00.

I like the idea of having an info poster, but if it is too one sided, then people will ignore it.
1489  Bitcoin / Bitcoin Discussion / Re: European friends, last month, you profited approx 38%? on: March 11, 2015, 02:57:10 PM
European friends, last month, you profited approx 38%?

Last month, Bitcoin +32% and Euro -6%

https://twitter.com/bitpump/status/575670248571019264


Pretty sure your maths is off there, but it was a good month for € denominated Bitcoins.

if I invested 100€ into bitcoin, it would now be worth 1.32x as much due to the bitcoin rise.  It would be worth 1.06x that due to €s falling against the dollar.
I make that 41% profit, rather than 38%
1490  Bitcoin / Bitcoin Discussion / Re: 50k Silk Road auction prices on: March 11, 2015, 08:57:53 AM
http://www.forbes.com/sites/katevinton/2015/03/10/three-anonymous-bidders-take-home-50000-bitcoin-in-silk-road-auction/

Quote
The U.S. Marshals Service has announced the results of its third Silk Road Bitcoin auction, which began on Thursday. Two winning bidders took home the bulk of the Bitcoin, with one anonymous participant winning 27,000 Bitcoin and the another winning 20,000 Bitcoin, according to USMS spokesperson Lynzey Donahue. A third winner took home just 3,000 Bitcoins.

The USMS would not comment on the price of the winning bids. At current market value, the three winners’ Bitcoin is worth $8 million, $5.9 million, and $0.9 million, respectively.
...

So let's do the math:

$8m / 27,000 = $296.30
$5.9m / 20,000 = $295
$0.9m / 3,000 = $300

Slightly above the current market price. But I guess it's still cheaper than buying such quantities on exchanges (that would drive the price up).

Seems there's no risk that any of the buyers will dump their coins if the price stay on current level (~$290)

(also posted in Press board)

You are reading incorrectly. They are just showing the current market value of the coins that were bought.  They have obviously rounded up or down, that's why you get the figures of about $300/coin.
They apparently aren't going to tell us the prices, but I am sure they will be leaked from somewhere.  Not many people spend millions but don't tell anyone what they bought or for how much.
1491  Bitcoin / Bitcoin Discussion / Re: Would it be ironic if the US Treasury was the secret bidder on the auction? on: March 11, 2015, 07:50:29 AM
Would it be ironic if the US Treasury was the secret bidder on the FBI auction of the seized Silk Road coins?

As they can print as much fiat "money" as the want, they could pretty much buy up Bitcoin if they so chose.  Any left over Bitcoin (in the US) could be seized.
They have plenty of ways to largely take over bitcoin, if they wanted to.  I don't really see why they would do it by buying small tranches in the Feds auctions.

It would be very interesting though. I would rather it be a big investor, like a Bill Gates or Warren Buffet though, but that also seems unlikely.
1492  Economy / Speculation / Re: Is bitcoins ever going to get rid of fiat? on: March 11, 2015, 07:36:17 AM
To be honest I'm a fiat hater. I would really like to see something like bitcoin, a new idea to take over the current IOU system. So what do you guys think about this, will bitcoins ever take over fiat currency?  Huh
In short no, I think the next set of currencies (after the current fiat ones fail) will be backed by a basket of commodities, such as gold, silver, oil, copper etc.
Bitcoin isn't really made to be used by everyone for everything in the entire world, it is a trading currency, or will be when it develops.  Local currencies should also continue to exist too, whether they are crypto or now, I don't know.
1493  Economy / Economics / Re: Syriza trying to loot social security on: March 11, 2015, 07:33:02 AM
This looks good to me. At least, Greece starts to look seriously about how to pay back the billions they owe.

I don't have any social security, nor any of my friends, nor does most of humans. Why should the Greeks have it? Sometimes I wish everyone with social security from his government would just drop dead. The world would be a much better place, with people having a clearer view of things.

This is the writing of a lunatic. Why would you like everyone with social security to drop dead?  Do you understand that it is a system that we are forced to pay into our entire lives to protect us in times of need? The government plans to steal it from us to pay off some banks that over-leveraged themselves, yeah that sounds fair!

From Wiki:
Quote
Everyone, as a member of society, has the right to social security and is entitled to realization, through national effort and international co-operation and in accordance with the organization and resources of each State, of the economic, social and cultural rights indispensable for his dignity and the free development of his personality.
But you would rather that they die...?

Greece will never pay back it's debt, but then neither will America, or the UK or China, so why worry?
1494  Economy / Economics / Swift of Bitcoin on: March 11, 2015, 07:26:17 AM
http://www.zerohedge.com/news/2015-03-10/bitcoin-default-swaps-blythe-masters-joins-bitcoin-startup

So this Blythe Master sounds like a piece of work, but it is very interesting to me that they are trying to set up a kind of swift for Bitcoin.  Someone with so much market influence is probably backed by lots of money will surely help the bitcoin environment to grow.
It really does seem like the old wall street types are seeing opportunities in Bitcoin at the moment, I hope it doesn't take over too much, but it should definitely make things more mainstream.
1495  Other / Off-topic / Re: uTorrent EpicScale bitcoin miner on: March 10, 2015, 01:50:56 PM
I read a while ago about a supercomputer being used for Doge mining, it wasn't very good, I beleive better than a good GPU, but nothing special, not worth wasting supercomputer time for anyway!

Last time I mined Doge with CPU I got for a day of mining less than what I get from a faucet in one visit.


But there was some exploit for Synology NAS that installed Dogecoin miners and the hacker got some bucks at that point (lower diff, higher Doge, higher BTC). I don't have the patience to search for that news, it's about 8-10 months old, I think.
So basically if you chose the right coin, this can work. It's a shame that uTorrent actually does this - with or without an EULA.
https://www.cryptocoinsnews.com/harvard-student-uses-14000-core-supercomputer-mine-dogecoin/

That is the story I remembered.  A 14,000 core supercomputer, but it was only about as good as 13 good GPUs.  I think that is a good representation of how bad CPUs are at mining Bitcoin/Litecoin/Dogecoin.
1496  Other / Politics & Society / Re: woman's gym membership revoked for complaining about sex pervert in locker room on: March 10, 2015, 12:12:28 PM
If you are going to have women only changing, you can't allow men in who feel like women. 
Post-op is a different thing, then they are trans-gender and, though not genetically, they are women. 

I guess they could just have communal changing areas with stalls for everyone, that's what my local swimming pool has.  Otherwise everything gets too complicated.
Is the point of sepearated changing that you change with people like you, or that there is no possible sexual arousal in the changing rooms?  If it is the latter, then it should be done by sexual orientation rather than gender.  Like I say it is complicated, I wouldn't want to have to deal with it!
1497  Economy / Speculation / Re: You Waited Long Enough ... $300 Bitcoin Happens Today!!! on: March 10, 2015, 12:04:56 PM
Lol... No.
It will stagnate for a few hours, maybe a day, then somebody will dump 500 BTC and we crash all the way down sub 230 again.
You guys still don't realize this market is fake and there is no real demand?

Can somebody bann this idiot? The only thing he can do is post shitloads of bullschit.
In fairness the bulls post just as much rubbish as the bears!
I think it will take more than 500BTC to crash bitcoin $70 now, especially with plenty of buying pressure at the moment.

$300 today (on Stamp), $350 late next week, that is my prediction
1498  Economy / Service Discussion / Re: blockchain.info wallet hack attempt? on: March 10, 2015, 09:27:07 AM
Hey, I got emailed this the other day:

"Two Factor Authentication Disabled

A request to remove two factor authentication from blockchain.info wallet identifier [....................] was approved. Two factor authentication is now disabled."

I certainly didn't make the request. I'm confused about how someone managed to turn off my two factor authentication. They didn't get access to my wallet. Is this common?
This is not common, re-add 2FA as soon as possible and contact Blockchain.info.  I would probably move any bitcoins out of that address too, run a virus scan, check your sent emails in case the request is still there, change your email password, essentially do everything to stop them from getting into your account.
1499  Economy / Service Announcements / Re: [ANN] Purse.io - Bitcoin Amazon Marketplace - Save ~10-25% on Amazon Wishlist on: March 10, 2015, 09:24:44 AM
Well it seems I have got all of the "help" I am going to get from Purse.io.
I have been threatened with legal action, but Purse say I shouldn't worry, it isn't my fault.  They won't refund the ripped off company and can't contact the scammer (shocking!) so they will just let things run their course now.  I guess I just have to wait until the police turn up at my door now or I get a court summons. 

I don't recommend people use purse.io.  10-25% discount is not worth the stress.
1500  Other / Off-topic / Re: uTorrent EpicScale bitcoin miner on: March 10, 2015, 09:15:09 AM
It does seem they worded about the miner to avoid people from knowing its the miner they were running.

The Epic Scale software is actually supposed to do a lot more than simply mining Litecoin. From what I've read, it's mostly just a cryptocurrency miner at this stage but there are plans to expand the range of applications further beginning with genomic computations. According to their official site, the following gives a general idea of what the software will do once the software is fully developed:

Quote
Solving math problems for weather prediction, physics simulations, cryptography (including cryptocurrency mining) and more has real world value. We solve these problems on behalf of our trusted partners, and donate proceeds to your favorite charities.
Even with thousands of computers mining for them, is it even getting them anything?  I thought CPU mining was so slow compared to GPU and especially ASIC mining that even 1 millions CPUs would essentially be useless for bitcoin mining.

I read a while ago about a supercomputer being used for Doge mining, it wasn't very good, I beleive better than a good GPU, but nothing special, not worth wasting supercomputer time for anyway!
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