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41  Other / Beginners & Help / Coinworker, BitcoinGet, Abitback + Other Websites - RIPOFF on: December 12, 2013, 09:40:51 AM
Has anyone noticed that the payment per task is 1.5 cents on average through Coinworker, BitcoinGet, Abitback and other websites.

Whilst on neobux you get paid 7-9 cents per task...

It is actually in everyone's best interest to click there, get payout to paypal and then buy bitcoins.

If you don't believe me, go do some research on the crowdflower task payout.

No referral links posted.  Grin Cheesy I have nothing to gain.
42  Economy / Games and rounds / Re: Free BTC with Martingale Technique on: December 12, 2013, 05:25:59 AM
Until you lose everything in a long streak of losses.  Grin Cheesy Wink

Remember the rake is 5%. So eventually you will lose.
43  Bitcoin / Wallet software / Lightweight BTC Wallets with no transaction fee enforced on: December 11, 2013, 07:47:12 PM
Are there any lightweight wallets that don't enforce a transaction fee?
44  Economy / Economics / Re: 927 People Own Half of All Bitcions on: December 11, 2013, 08:02:45 AM
Only 2 people max can own half of all bitcoins.

Um, Huh?

It's referring to a certain "pool of people" who collectively own half of all bitcoins that have currently been mined.
45  Bitcoin / Bitcoin Discussion / Re: Bitcoin-Qt / bitcoind version 0.8.6 released on: December 11, 2013, 07:51:12 AM
Yay I can finally combine my smaller amounts of BTC!
46  Economy / Trading Discussion / Re: Barclays closing bank accounts related to Bitcoin on: December 10, 2013, 06:59:15 AM
Yes, it's best to sell/buy in cash. You should always ask for this option.
47  Bitcoin / Bitcoin Discussion / Re: Krusty mentions bitcoin. The Simpsons S25E07 on: December 10, 2013, 06:51:10 AM
Yeah, he went full fiat-bitcoin.
48  Other / Beginners & Help / Re: Miner Primer on: December 10, 2013, 06:48:33 AM
Don't forget to manage the heat of your computer, costs of replacing burnt out hardware, and account for expensive electricity costs $0.60 a kilowatt in some places.
49  Economy / Speculation / Re: It's over. Bitcoin is finished. on: December 08, 2013, 05:43:00 PM
... buying opportunity Smiley

Back above 1200 by March-April. Some bigger money is getting itself well-positioned, it is how each phase has played out as the total capitalisation value allows bigger players to enter ... as the previous (smaller) fish are trying to exit ...

Good luck, I'd rather wait until it actually starts rising.

If it doesn't rise, then you could be waiting years. Don't forget the opportunity cost of money.

Idiot.

Opportunity cost of holding money has been all fiat negative since bitcoin was created .... how does that compute?

Wrong you clearly don't understand that any currency or commodity has time value.  There are real interest rates. So,  effectively you assume everyone just puts money in a mattress...........

Strawman Arguments..... You win.  Lol
50  Bitcoin / Bitcoin Discussion / Re: Bitcoin simply cannot replace fiat on: December 08, 2013, 04:02:38 AM
Value isn't meaningless. It's who gives it value, and whether it is supported that is relevant.

Apparently bitcoin has no support whatsoever, and it is represented in it's volatility index. You need "collective" acceptance.

Toilet paper has good value, it has a relatively constant and stable value. Every year, year round, it only rises in price a small amount.
51  Bitcoin / Bitcoin Discussion / Re: Request: Satoshi, please send me a message via Bitcoin! on: December 08, 2013, 03:52:30 AM
Maybe the person overdosed on the drugs they bought from DPR. It was a very large quantity!

Then again it's very likely it is DPR due to the fact development stopped as soon as the silk road market opened. In fact it is probably more realistic that the bitcoins were seed capital for the drug market, not for purchasing drugs.

Either way, all we have to do is watch the case closely for any developments.
52  Economy / Speculation / Re: It's over. Bitcoin is finished. on: December 08, 2013, 03:48:41 AM
I'm just wondering why you are here and posting sh** =))

Then go away and let us do the job without baby boys.

Censorship, Aren't you a liberal invested in bitcon too?

Everyone needs to debate the merits of bitcoin.

I have to admit I have lost some money but that's fine with me. I knew the ponzi game. But for those who weren't informed. They should be able to discuss what happened.

Practice what you preach.
53  Bitcoin / Bitcoin Discussion / Re: Here's The Deal on: December 08, 2013, 03:39:43 AM
Does your conclusion change when you think about whether the price will bubble over the current maximum?

What about the new regulatory frameworks being developed that will impede development?

Seriously, it would have been a good investment at $0.01 like that Norwegian Guy's case, but now it's just fantasy talk. You can lose big money coming into the game in the middle, especially when the game could be over.

Quote
Out a couple of bucks

That's fantasy! If you get in now, the value of "one bitcoin" would have to explode to $16,124,444.44 to make any reasonable return that Kristoffer Koch achieved. Sorry but the game is over.

It is very unlikely that bitcoin will reach $16 million per coin!
54  Bitcoin / Bitcoin Discussion / Re: The future of Bitcoin. Why would a consumer pay with Bitcoin? on: December 08, 2013, 03:12:24 AM
Try to get on an international flight with $10k or more of USD/gold/silver… take your pick. Let me know how it works out (after the government confiscates YOUR money).

Now lets try that same experiment with Bitcoin. Are there any people left who don't see the value in that?

Maybe you're smart - you will send the money through the banksters…. let me know how much that privilege costs.



It's quite cheap to send your gold around the world. Just pay armaguard private security or whatever your local armored courier is.

I don't think you understand how to move gold. You don't have to pay a bankster.

Furthermore, fiat transactions are very cheap compared to the losses you could incur using bitcoin.
55  Economy / Speculation / Re: It's over. Bitcoin is finished. on: December 08, 2013, 03:10:58 AM
... buying opportunity Smiley

Back above 1200 by March-April. Some bigger money is getting itself well-positioned, it is how each phase has played out as the total capitalisation value allows bigger players to enter ... as the previous (smaller) fish are trying to exit ...

Good luck, I'd rather wait until it actually starts rising.

If it doesn't rise, then you could be waiting years. Don't forget the opportunity cost of money.
56  Economy / Speculation / Re: Why didn't you sell? on: December 08, 2013, 03:07:27 AM
You probably wouldn't have been able to sell through a common channel.

Furthermore, high fees would have been required (both bitcoin tx and fiat fees).

Furthermore, cashing out of fiat would be very costly and would undoubtedly be delayed.

I did however sell some on localbitcoins at $800 a piece when the price was $1200.
57  Economy / Speculation / Re: It's over. Bitcoin is finished. on: December 08, 2013, 03:02:46 AM
Alan Greenspan, the guy who didn't see the housing bubble, the guy who saw fit lower interest rates to such a low that saving doesn't make sense, the guy who thought endless printing of the dollar would bode well for future generations… and the guy who just goes along with all the military spending… he can't come up with any reason why a decentralized, electronic currency might have some value.

I guess Alan can load up a million dollars worth of cash or gold and travel around the world with it. I'm sure Alan could send $10 million to China and incur no fees. He's a real genius. Maybe that old kook should just shut up when he isn't sure about something.

He saw the Bubble clearly this time.

It's like Donald Trump. You fail many times, but one time you will be correct and make millions.

I wonder if Greenspan was shorting bitcoins. Smart guy.

It's just the collective people decide to speculate and game the central bank. The central banks aren't delusional, they are fixing one problem, the immediate problem, but cause another problem to be fixed later. That's better than having the old problem stay there forever. Greenspan is a hero.

Modern example: Without QE, the United States would undoubtedly be in a worse state.
58  Bitcoin / Bitcoin Discussion / Re: Did China BAN bitcoin on: December 08, 2013, 02:58:47 AM
Of course they banned it.

You will risk imprisonment if you use it, but they can't let the Westerners know that. They need to be careful about what they state in their public releases. I would expect the chinese exchanges to slowly be closed down or at least have to go through a more vigorous "bribes (red envelope)" process.

In the crackdown on QQcoins, lots of people went to jail. Yet QQcoins are still traded today.
59  Economy / Speculation / Re: It's over. Bitcoin is finished. on: December 08, 2013, 02:53:03 AM
Yep, this time it's gone too high..

Next time it needs to bubble over $1500. Very unlikely to happen due to various psychological issues. e.g. Gold price and other comparables.
60  Bitcoin / Bitcoin Discussion / Re: THE PROBLEM IN CHINA IS THE BITCOIN FOUNDATIONS FAULT on: December 08, 2013, 02:51:52 AM
One of the CPC's goals is to stay in power.

If someone doesn't give them a majority of bitcoins, then they would not be satisfied. Even the litecoin founder got scammed big time. I wouldn't be surprised if there is a warrant out for him.
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