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1  Other / Beginners & Help / Re: cloud mining - thoughts? on: December 21, 2013, 08:30:18 PM
DrG, this is great info to know.

You broke down a part of hashing inside of the cloud that I did not fully understand!

Great drop!
2  Other / Beginners & Help / Re: mtgox is going to be an scam? on: December 21, 2013, 04:32:42 PM
Scam is a strong word.

Mt. Gox is hemorrhaging from growth and new regulations.

Remember they were one of the first, if not the first, and the biggest.

You get gunned for, when you are at the top, so as a consumer you need to check your options and understand that good businesses run into problems and it is not always malicious.

Check the rest of the forum for alternatives.

I like the way you're thinking!
3  Other / Beginners & Help / Re: Why did you come to Bitcointalk? on: December 21, 2013, 10:25:24 AM
Honestly, I want to be part of a forum that has buyers of all different types of currencies and actively discuss the pros and cons of investing/mining each. I've visited other sites that primarily promote one coin. The moment you point out something fishy, you get jumped by a horde of posters who seem to worship and defend their coin like brain-washed zealots. I'm looking for intelligent discussion and also to bolster my understanding of various currencies without the hype, propaganda, or what have you. I'm hoping bitcointalk is the place to be at this point in time.
This...

Just wondering

I have a friend who started talking to me about bitcoins.  Although I consider myself to be informed on technology, I guess I never really paid any attention to bitcoins or really knew what they were.  At first when I read about them I laughed.  I thought they were a scam.  However, after reading more about the nature of bitcoins, how they were produced, how the blockchain keeps track of all of the transactions that ever occur with bitcoins and other things about them, I no longer thought of them as a scam and realized their potential to be a viable currency.  I invested a small amount of funds in bitcoin through Coinbase just to that I could say that I was a part of this idea that I now believe could alter the way that funds are transferred between parties.  I joined this forum so that I could talk to others about their experiences with bitcoins and other cryptocurrencies.

I also think that if bitcoin (or any other cryptocurrency) is going to succeed as a viable currency, two main things should happen:

1.  More businesses need to be open to the idea of accepting bitcoin.  I think that as more businesses are willing to accept bitcoins, more people will be open to the idea of using them as a currency.
2.  Just as businesses accepting bitcoins will help stimulate the bitcoin economy, there must be a willingness on the part of people who own bitcoins to spend some of them rather than keep them only as an investment.  Although it may be a good idea to keep some bitcoins as an investment (part of my bitcoin holding is as a speculative investment), I think that people need to be more willing to spend some of their bitcoins so that those businesses that are accepting will continue to accept them and possibly encourage more businesses to accept them.

There are probably many other things that could help to validate the currency as legitimate (recognition by governments and other financial institutions, having an open-minded public that is willing to recognize it as a legitimate currency).  I am hoping that this currency will succeed since I think it could solve some of the problems we have with fiat currencies.
this...
I like the fact that its such a libertarian community without actually being "libertarianforum.org". Also some of the people here are crazy smart. Also my main interests are economics, philosophy and technology so there are a lot of people here who share those interests.

Yes this is a good place I am not aligned with any political party But I do wish there were more liberals here just so we could see more a a charitable bitcoin community

This liberals are charitable thing is a myth. I suppose it probably comes from this fact that liberals are more inclined to advocate the use violence and threats of violence in order to compulsorily redistributing peoples property, but that is the furthest thing from charity. Conservatives for example donate, on average, a significantly higher proportion of their income to charity than liberals do.
If this is true, then they should. They are the most closed minded and f*ck up the most sh!t! #fact

Bitcointalk is the place to be. In fact even if you do not hold Bitcoin this forum could even be considered more important than the home forum for the cryptocurrency you do hold.

I am a web designer/developer and I plan on submitting some of my work for a cryptocurrency I hold. I also plan to try and balance out some of the trolls and deplorable community members who can potentially give the altcoin community a bad reputation.

I am not into cryptocurrencies for personal profit in the form of fiat debt money. I am into cryptocurrencies for personal (and communal) profit in the form of future prosperity by superseding the current monetary system.

For all of those who got into cryptocurrencies to hopefully become debt money millionaires then I suggest you rethink your position. A debt money millionaire has no guarantee of a prosperous future under the current monetary system. Our best bet is to forget about the current monetary system and commit to the new one we are all building together. A diverse crypto-monetary system where prosperity can be achieved by all who try.

Hopefully that gets me out of the newbie section.

See you all out there!

and definitely, THIS!

I will definitely see YOU out THERE!
4  Other / Beginners & Help / Re: Is now the best time for new people to invest? on: December 20, 2013, 08:23:16 PM
Actually the beginning of 2013 OR the beginning of the 4th quarter of 2013, was the best time, in my opinion.
5  Other / Beginners & Help / Re: $1000 to invest. Bit, Lite, or Peer? on: December 20, 2013, 06:37:33 PM
I suggest investing in all three, possibly changing out peer for prime, protoshares, name or feather.

Purely my educated speculation.
6  Other / Beginners & Help / Re: Buy Hashing power at CEX.io - do you think it's legit? on: December 19, 2013, 06:09:10 PM
Absolutely, without a doubt, until the vertical becomes more competitive and someone steps up to the plate, they are my top pic for now.
7  Other / Beginners & Help / Re: What type of Cryptocurrency Does One Recommend on: December 19, 2013, 05:31:50 PM
Well, first of all, you are about 50% off of bitcoin's current price, but this is the newbie section and all is forgiven.

It's really anybody's guess, and since we are guessing, these are my pics that either improve on the bitcoin protocol in security or normal mining capabilities: Litecoin, Peercoin, Namecon, Protoshares, and Primecoin.

They are not all the cheapest, but appear to be next in line for becoming popular due to lookin to go mainstream, hashing with a normal computer, or claims at better digital security.

Now, go do your homework!
8  Other / Beginners & Help / Re: All of this talk of China, and it's the west that keeps dropping the price? on: December 19, 2013, 04:15:52 PM
This is my concern with the news, as I have grown wiser to read through MSM propoganda: if China is responsible for 1/3 of all bitcoin investment, then why are we talking about the "less than" quotient?

What I want know, and inquiring minds do to, is who controls the remaining 2/3's of the market? What investment/speculations clues can I get from the entity or entities that control the rest of the pie?

Would someone care to be so kind to enlighten me OR am I looking at it all wrong?
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