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341  Economy / Securities / Re: [CANNABIT] Investment Details - Announcement & Discussion Thread #cannabit on: August 15, 2014, 12:07:20 PM
So, any update on this dividend that should be coming our way?

Nope, it's been 10 days since last contact and 4 days since dividend target (Monday originally). Maybe they just take longer than expected or they were waiting for the dump to get more BTC/$. I guess we will be hearing from them soon.

Well the dump has already happened, a BTC was worth almost 600 less than a week ago.

Last time they missed dividend target, it was to announce later that it would come a month later instead. And the next month, it never came either.
342  Alternate cryptocurrencies / Altcoin Discussion / Re: Best Alt coin to invest in 2014 on: August 15, 2014, 12:04:50 PM

iXcoin IXC  Wink : a 3 years time tested coin, like Bitcoin but bravely ending mining on Oct 2014: it will be interesting to see what happens

Some coins are not that famous like BTC but still interesting to know what will happen to these coins.


Well, on about 2 months when IXC finishes mining we will all find out just what would happen to Bitcoin at its end of life.  That could be a huge deal for IXC or maybe it will just die.  Big risk = Big Reward.

Will it keep PoW even when mining is over? If so, that will be very dangerous for the holders.

It turns out that the right answer was: None

Well only half of the year is over Cheesy
343  Other / Beginners & Help / Re: Only problems more problems and losing Bitcoins (cex cointerra lunamine) on: August 15, 2014, 12:02:50 PM
Mining is a risky business, in the first years was very profitable ma in this period it's safer to buy btc and forget it.

Even in the first years it was never immediately profitable. Printing free money with one's GPU was never a thing.

These early miners profited because they held their coins for a long time, which is also the only way that current miners can profit (unless they have big farms and can get their equipment at half price)
344  Alternate cryptocurrencies / Altcoin Discussion / Re: Best Alt coin to invest in 2014 on: August 14, 2014, 10:27:42 PM
nxttycoin...

5% compound interest like bonus per month on your holdings for the next 12 months.

https://bitcointalk.org/index.php?topic=735878.0

This isn't really interest, since it's just their way of distribution the inflation.
345  Other / Off-topic / Re: Imagine... on: August 14, 2014, 08:27:56 PM
Well, we must keep the track on things and see that the name of the music is Imagine
Think about it? OK
Think that it will come true? Stupid dream

The only way it won't come true, is if everybody keeps believing that it's a stupid dream.
346  Alternate cryptocurrencies / Altcoin Discussion / Re: Best Alt coin to invest in 2014 on: August 14, 2014, 08:18:50 PM
I am going with DRK and RDD because both devs and communities doing very good for them and they have potential to survive at any bad time

RDD might still be undervalued at the moment though. It's still worth double what it was worth only a month ago.
Devs working hard and all its community is also very positive so we  hope this will be back on peak in next few weeks

Best of luck to your community for Proof-of-stake-velocity.
347  Other / Beginners & Help / Re: I am new,looking to start mining. on: August 14, 2014, 08:17:10 PM
I am new in this forum. What mining equipment would you suggest. I have about 3500$ to invest.
It isn't worth if you're talking about bitcoin as the prices go down atm and difficulty goes up anyway.
On the other hand you may try mining altcoins but it's always an gamble.

The market price of mining equipment might go down though, because of the drop in price of Bitcoins and altcoins. So it might not be a bad time to start if buying with fiat.

Then again, simply buying the coins would make more sense.
348  Other / Off-topic / Re: Imagine... on: August 14, 2014, 08:14:49 PM
What are you? 12?
Get real buddy

What are you, 50? You must be if you've lost all of the optimism that every human being is born with.
349  Other / Off-topic / Re: Bitcoin is dying...permanently on: August 14, 2014, 08:13:42 PM
Because its a good idea to spread FUD about bitcoin on a site where people are very much invested and ingrained in the thing you are spreading FUD about, its the same as going to a Linux forum and spreading FUD about Linux...

To be fair though, many people here don't like Bitcoin that much but are just speculator who desire to make fast and easy profits.
350  Other / Meta / Re: Activity not increasing on: August 14, 2014, 08:11:35 PM
you activity will adjust again this upcoming Tuesday at around 9am (pacific standard time), and every other Tuesday thereafter (as long as you make a post during that period).

Because we all like precision: it will be at 9:20, at least according to this timetable: https://docs.google.com/spreadsheets/d/12saLhlUoqIdairxzuSPu6EYGrt7FN2lOstO1yDjCEbA/edit#gid=1324892580
351  Other / Beginners & Help / Re: Bitcoin Quiz-app... FEEDBACK PLEASE on: August 14, 2014, 08:05:47 PM
Do you have any way to prove that this is not malware?
352  Alternate cryptocurrencies / Altcoin Discussion / Re: Do we have too many alt coins? on: August 14, 2014, 08:05:17 PM
I believe there's room for many altcoins. In a perfect world, every community would use its own cryptocurrency, whose value goes up with the growth of the community. This makes more sense than the coin monopoly that big BTC holders seem to desire. Also, altcoins are great for the distribution of the crypto-wealth.
353  Alternate cryptocurrencies / Altcoin Discussion / Re: Best Alt coin to invest in 2014 on: August 14, 2014, 08:02:51 PM
I am going with DRK and RDD because both devs and communities doing very good for them and they have potential to survive at any bad time

RDD might still be undervalued at the moment though. It's still worth double what it was worth only a month ago.
354  Other / Beginners & Help / Re: I am new,looking to start mining. on: August 14, 2014, 08:01:29 PM
If you are investing anything small I would buy Bitcoin and hold from a financial standpoint. Small miners might make ROI if price goes up but you can still profit from a buy and hold model. Right now I think the small players are fighting a losing battle with difficulty, only the big players or early pre-orders that actually receive their equipment on time have mining power to make a significant impact.

If you are looking at it as a hobby to help the Bitcoin network and learn about how it works I would say go ahead and invest as it might be fun to be in the business.

That's right. Because big mining farms can do orders 100x bigger than those of small users, they can get their equipment at ridiculously lower price. Even more so if it's the ASIC manufacturer mining with their own equipment, like KNC and many other do.

This leaves virtually no margin of profit for small users.
355  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PND]Pandacoin | 16 DAYS LEFT | August 30th - Rethinking Digital Currencies | on: August 14, 2014, 07:59:15 PM
The dev team is getting excited too, we're really interested to see everyone's response to our developments Smiley
ETA 16 days Wink

Indeed. Let's not forget about the 30th Aug we gonna have with PND! Everything is looking really good!

It's hard to forget about it though when half of the posts here are about that! Tongue

We have a lot of lurkers and new people checking the thread out, we want to be sure they get it Wink

Of course, that's perfectly right!

Only 16 days until the big announcement Cheesy
356  Other / Beginners & Help / Re: Ways to Earn Money on Bitcoin Faucets on: August 14, 2014, 07:57:51 PM
Of course faucets are a ponzi-scheme within the ponzi-schme of crypto within the ponzi scheme of fiat. Human history is ponzi-scheme inception.

To somebody just starting out it's a decent point of entry.

With wild speculation on future satoshi prices one day it could be as if being paid a few hundred dollars to fill in a few captchas, just like receiving whole bitcoin years ago. While there are more efficient ways to turn a profit it's interesting to consider the possibility of say, eating free for 3 months in 2030 if you leave your balance untouched.

If Bitcoin were to get to the price level you are speculating it will, it would still be way more profitable to transform a handful of dollars into Bitcoins rather than do faucets. There's really no way faucets make sense, other than to try sending transactions for the first time and learn how wallets work.
357  Other / Beginners & Help / Re: Does anyone get 1 BTC every day? on: August 14, 2014, 05:29:26 PM
i dont understand topic quesion, how could you get 1 BTC everyday?

By having a big mining farm?
358  Other / Beginners & Help / Re: Only problems more problems and losing Bitcoins (cex cointerra lunamine) on: August 14, 2014, 05:28:34 PM
@lynn i don't really know how you want to help me with this link

You posted your address to received tips. Nobody ever tips here, but on Reddit some do, so by posting your story there there's a chance you might get some.
359  Alternate cryptocurrencies / Altcoin Discussion / Re: Do we have too many alt coins? on: August 14, 2014, 05:27:26 PM
It's so easy to make one, does it make sense? But think about it, Bitcoin and Litecoin are the same thing.

More alt coins means more investment pouring into bitcoin in the end so i think they are a great thing.
But currently this investment is going in few hands not for all most of peoples losing money in dumb coins

Actually, I'm quite sure that the vast majority of the altcoins are held by whales who were Bitcoin early adopters.
360  Other / Beginners & Help / Re: Ways to Earn Money on Bitcoin Faucets on: August 14, 2014, 05:26:34 PM
The only way to get big amounts of btc is owning big amounts of FIAT so the poor stays poor and the rich stays rich thank you btc (that of course given you arent one of the lucky early adopters)

Do you have any better solution to propose? It's just impossible to distribute money in a perfectly equal way to everyone. Plus, having the right amount of wealthy persons or organization is vital to a society.
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