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1241  Bitcoin / Bitcoin Discussion / Re: Journalists are shockingly dumb... on: October 13, 2014, 09:25:35 PM
I don't think they are dumb, they are just specialists in writing rather than research and focused more on balance than getting all the facts.  Add in the pressure of a deadline, and it is a lot easier to understand, though still sad.
This woman is a commodities investment advisor.  She researches various investments and advises others to invest or not for a fee.  She is an idiot and her research on bitcoin tells me she is careless too.  Anyone who pays for her advice based on such garbage efforts to understand the underlying investment - is fucked.  The lady should be fired.  It is disgusting that someone like this has a license to advise others.  Where are the regulators now?
1242  Bitcoin / Bitcoin Discussion / Journalists are shockingly dumb... on: October 13, 2014, 08:13:56 PM
http://www.wallstreetdaily.com/2014/10/13/bitcoin-volatility/

My favorite:
The currency is created when people compete to “mine” them. But, unlike gold, there isn’t a finite amount. New supplies of Bitcoins are created from a computer’s processing power and the users behind them.
1243  Bitcoin / Legal / Re: If you get paid in Bitcoin do you have to pay taxes? on: October 13, 2014, 07:59:34 PM
And is this going to be an issue in the future?  moving money around to keep the govt. off your backs, etc..
No.  It is not necessary to pay taxes if you earn in bitcoin only.  Besides, how can your employer send a W9 form to the government?  That form has no place for bitcoin.

Bitcoin earnings are to be considered tax free.



This lady said it best: "Taxes are only for little people"  She had 5.4 billion - so she knows a lot about taxes
1244  Other / Politics & Society / Re: [Poll] Free Ross OR Kill Ross <search for public opinion> on: October 13, 2014, 07:47:17 PM
Freeeeeeeeeeeeedom
(Braveheart music in background)
He is no less than a serious drug dealer.  society is his victim and they will decide his punishment.  Only fools think bitcoin is a means to traverse laws.  Crime is crime.  He is going down BIG TIME!  He is no pioneer of anything.
1245  Economy / Service Discussion / Re: IM REALLY ANGRY - BEYOND ANGRY on: October 13, 2014, 01:23:16 AM
stop using a public adress everywhere ... dust can't find "valid" adress.
they find "displayed" adress (on internet).
Have you ever heard of the 'blockchain'.  they can find pretty much all addresses there.
1246  Bitcoin / Hardware / Re: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs on: October 13, 2014, 12:43:16 AM
* Also: you need to own it, be hashing with it, and have measured the power draw at the wall. No hearsay. I own two SP30s so I know from experience how they perform.

I've got a bunch of SP30.  They are pretty good.  Awesome even.  But, no matter.  They still won't ROI - ever.  They run really well and it is a damn good system.  However difficulty is high, BTC price is low.  The calculus changed and it just doesn't make sense.  I wonder when the .2 W/GHs gear is coming out?  The next gen stuff is going to be interesting.


The question I have is firmware upgrades.  My machines are running perfectly at 4.4T.  Should I upgrade?  What if this fucks things up?  I kind-of like the machines running at full speed without any interruptions.  I don't know if it is such a good idea to upgrade.  Zvi?
1247  Bitcoin / Bitcoin Discussion / Re: googles response to apple pay on: October 12, 2014, 10:10:20 PM
Maybe google strikes back at apple pay with a killer google bitcoin wallet.  Google could get tons of merchants on board and bitcoin could be off to the races.
Google wallet has been around for years.  These things don't work. They don't do anything.  They are centralized and based upon fiat.  Junk.  Look for Apple Pay failure in a very short time.  Nobody wants that shit.
1248  Bitcoin / Hardware / Re: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs on: August 22, 2014, 12:54:36 AM
with one glorious exception-bitmain. They ship on the exact day that they say or EARLIER, which simplifies hosting arrangements if you need them.
I got mine EARLIER!  Two days before it was due.  Those guys at Bitmain are strange.  If you are a crazy guy and you love high risk - then buy from SPDTech.  If you want a sure thing which arrives on time and works perfectly, buy from Bitmain.  

Maybe if you have a ton of experience in mining, you can risk buying these exotic deals, but anyone with common sense and a tiny bit of desire to actually turn a profit MUST just stick with the guys who actually put working equipment in your hands.  That is Bitmain.  I wouldn't buy anything else actually.
1249  Alternate cryptocurrencies / Announcements (Altcoins) / Re: The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread on: August 21, 2014, 10:02:49 PM
a third-party project which has a block of MSC but needs cash to pay developers

This is what killed the price of MSC and caused every bit of talent to run for the hills.  Nobody wants to code here as you get paid in script worth nothing.  That should have been made against the rules. 

At least it was only the speculators who got hurt.  If the project actually evolves to a platform which does something, the price will finally get back to where it would be previously.  Hopefully we'll see .25 in less than 12 months again.  I sure hope the developers have it in them to continue strongly.
1250  Alternate cryptocurrencies / Announcements (Altcoins) / Re: The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread on: August 05, 2014, 02:22:22 PM
Hmmm,

This is interesting

Either JR knows something , or he is trying to psych out the market into an uptrend

He has a lot of coins.  He has more to gain by an uptrend than anyone else.
1251  Alternate cryptocurrencies / Announcements (Altcoins) / Re: The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread on: August 04, 2014, 02:15:00 AM
Well, Ron quit.  I guess this is the end of Mastercoin?
1252  Bitcoin / Bitcoin Discussion / Re: Very severe blow to bitcoin on: July 11, 2014, 03:17:40 PM
Bitcoin high priest Andreas Antonopolous who vouched for Mark Karpeles and worked for Neo & Bee finally admits the Bitcoin Foundation is a sham.

Its cool though because Andreas loves talking about Bitcoin so we give him a pass everytime he wants to wipe the poop off his boots that hes been walking around.  Roll Eyes

Hmmm  good point.  Still, you've got to love Andreas somehow.  He definitely comes off as one of the good guys.
1253  Bitcoin / Bitcoin Discussion / Re: Technical Lead in USA on: July 05, 2014, 02:40:28 PM
guess you forgot the 4,000 ATM's in the ukraine
Yep.  Ukraine - the undisputed technical lead of the world!!  Oh wait, they can't figure out how to get Russians out of their house.  They've got far more to worry about than bitcoin ATMs - like for example how to stay warm next winter.  Great idea!  Let Ukraine become the mining capital of the world and use the heat to melt ice in the cities!  Brilliant.
Ukraine can barely be called in europe  in the uk and Denmark we have our own currencies and the uk may well vote soon to leave europe.In germany they have a saying " In england alles is erlaubt was nicht verboten ist und in Deutchland alles ist verboten was nicht erlaubt ist" which means in england everything is allowed that is not forbidden and in Germany everything is forbidden that is not allowed!. However both europe and america are suffering the same fate under constant bombardment from politicians making laws. The politicians are owned by the banks and large corporations who guide laws to suit their own requirements and basically screw the rest of the world. ( www.philanthropyandphilosophy.com) Any way to ensure btc remains viable should be reviewed for example ftc developed a good 51% attack defence thats not been mentioned so alts should not be dismissed out of hand- time will tell.
UK banks are scum and are shutting down all accounts used for Bitcoin activity.  Unfortunately, I am going to be taking my marketing agency abroad if I can.

It is very good for bitcoin if many entities are set up 'abroad' in the first 3 - 5 years.  After that, the big nations will come on with new permissive rules.  This gives time for good solid 3 year development lead in atypical jurisdictions.  So, overall it promotes more decentralization that an incentive exists now for people to set up abroad - wherever that is?
1254  Bitcoin / Bitcoin Discussion / Re: Technical Lead in USA on: July 05, 2014, 01:40:00 AM
guess you forgot the 4,000 ATM's in the ukraine
Yep.  Ukraine - the undisputed technical lead of the world!!  Oh wait, they can't figure out how to get Russians out of their house.  They've got far more to worry about than bitcoin ATMs - like for example how to stay warm next winter.  Great idea!  Let Ukraine become the mining capital of the world and use the heat to melt ice in the cities!  Brilliant.
1255  Bitcoin / Bitcoin Discussion / Technical Lead in USA on: July 05, 2014, 12:03:44 AM
In the same week California advanced bitcoin development, Europe impedes progress:

California Lawmakers Nudge Bitcoin Further Into The Mainstream http://www.forbes.com/sites/michaelbobelian/2014/07/03/california-lawmakers-nudge-bitcoin-further-into-the-mainstream/

 
EU Banks Must Shun Bitcoin Until Rules in Place
http://www.bloomberg.com/news/2014-07-04/eu-banks-must-shun-bitcoin-until-rules-in-place-eba-says.html


In the US, if it is not yet illegal, then it is legal and the government wants you to go ahead and do it.  In Europe, if there are no laws on some topic, they want you to sit around while lawmakers and policy wonks have debates - to decide what you can do.  Fortunately, almost no real people listen to policy idiots in Europe and Bitcoin development goes on despite these warnings to 'stand around and do nothing'.  

What a joke.  
1256  Bitcoin / Bitcoin Discussion / Las Vegas Bitcoin - conference on: July 04, 2014, 11:23:43 PM
Last year the Las Vegas Bitcoin conference (Inside Bitcoins: http://www.mediabistro.com/insidebitcoins/) was full-on MEGA with tons of people there.  In fact, I think everyone was there.  This year will be even bigger.  

The conference in on October 6 - 7.  You should book it up now.  For all you Euros and Asians, Las Vegas is a great place to visit and will surely be the MAIN bitcoin event of the circuit.  Consider a trip to Vegas.

While 'The D' hotel actually takes bitcoin, there are far nicer places to stay.  The conference was at the MGM - not sure where it will be this year.  But, the south end of the strip has tons of great places to stay.  

See you all there!

1257  Bitcoin / Bitcoin Discussion / Re: What stops a Federal Reserve crypto scheme of their own? on: June 05, 2014, 04:02:09 AM
Just FYI, my source is weak, but the jest is they are doing this very thing.  1BTC = 1USD.  Ask your local congressional reps and state reps to inquire.  
Excellent.  I for one hope they do it. 

1258  Alternate cryptocurrencies / Announcements (Altcoins) / Re: The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread on: June 05, 2014, 03:57:17 AM
Yes, you'll end up holding an illiquid trading vehicle for a coin nearing its 1-year anniversary with very little to show for it.

That's pretty funny.  I bought MSC at .01 last year and today they are worth .03.  That is 300% appreciation.  Can you please give me another investment so good as MSC? 



I bought MSC at .18 a few days ago and today they are worth .03.    Can you please give me another investment so bad as MSC?  !

C'mon little blue: it works like this: buy low, sell high.  Today you need to buy tons of MSC.  Then, when it is at .18 again, you can resell.  Don't buy when it is high.  Buy now.
1259  Alternate cryptocurrencies / Announcements (Altcoins) / Re: The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread on: June 05, 2014, 03:54:15 AM

I bought MSC at .18 a few days ago and today they are worth .03.    Can you please give me another investment so bad as MSC?  !

Purchasing MSC from Ron via buymastercoins (Ron's friend) for 0.5 btc each.
Nobody is that dumb. 
1260  Bitcoin / Bitcoin Discussion / Crowdfunding on Bitcoin on: June 04, 2014, 04:15:58 AM
It looks like quite a few new companies are electing to follow MaidSafe and do an IPO by issuing their own shares through bitcoin/mastercoin system.  If MaidSafe raised $6 million - how much can these new companies raise?  Pretty interesting approach.  I wonder if Wall street is getting scared of losing their monopoly on yet another banking function going over to cryptocurrencies.
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