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It is actually live, can you resume what has been asked/answered so far?
Question asked :"Don't you think we should associate dollar, yen euro oil and gold in the same ecosystem"??
Time Draper :"It has been going down and up and it is not clearly going in a direction"?? Up maybe!
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Just use BTC or satoshi (0.00000001) like in:
I just bought a car for 10 BTC!
The new Final Fantasy game will cost only 15000 satoshi!
Using mBTC, uBTC, μBTC is just unnecessary, sounds like a different coin and it will confuse a lot of people.
Coinedup and a few other sites are guilty of using mBTC.
1 satoshi is the smallest unit of BTC that's all people should have to learn. If you want massive user adoption you have to simplify things.
With satoshi being such a small unit I prefer bits being added as well. I agree that mBTC and Ubtc etc. are a little confusing. dBTC cBTC mBTC uBTC (u remplaced by the greek letter mu sometimes is confusing with mBTC)...When you know it is simple to understand but like the idea of BITS or talking in satoshis |
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hey, now I am bit confused  how come you can reach bitcoins in that wallet without knowing its private key. are you saying that anybody can just spent time creating new wallets with random passphrase and if he hits one already used it generates same address again? Then why I need paper wallet with "root key", if knowing passphrase is enough. I thought passphrase in armory is just to encrypt dat file, or you are talking about different passphrase. sorry for stupid query, but I'm starting to worry about my BTC. edit: fist google link and I don't worry anymore. armory is not brain wallet. You can get the private key from the passphrase because the private key was generated from the passphrase https://brainwallet.github.io/https://en.bitcoin.it/wiki/BrainwalletThe passphrase must have a good entropy, if you use a paper wallet you don't need a passphrase but you can encrypt your wallet for additional safety |
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We wait 4 years for one month of soccer and already over half way through. These last 8 teams will put on a good display though  Depends... in Europe we wait only 2 years so see some pretty good matches  . Honestly thinking of moving to Europe soon lol. My bets will be Argentina to win it all; Brasil-C : C or draw; Germany to destroy France; and a small bet for France and Colombia to win it all (...)
I'm somewhat worried about the France and Germany game. I don't know if it will be THAT easy to destroy France. I'm rooting for Germany OFC. France hasn't been doing horrible themselves. They have been doing pretty well. Granted the type of teams they were facing may be a bit different. It's definitely going to be a great match to watch, and I'm waiting eagerly to see it. On another note, this is my 500th post. (kind of offtopic) France has been doing well, they wouldn't be here if they hadn't My bets will be Argentina to win it all; Brasil-C : C or draw; Germany to destroy France; and a small bet for France and Colombia to win it all (...)
I dont thin they will been playing very poor. Either germanys or columbia to win. Colombia could surprise everyone; some think Holland will go the distance, it is possible but they have to beat Costa Rica first!! Then Argentina (or Belgium) Each quater finale could go one way or the other, it will be very interesting to follow them |
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The prices going down are the only good thing about a crisis; nobody complains about falling prices in energy prices or electronics; restrain for consuming because prices have been a bit lower than last year and the fact that consumers anticipate lower prices thus delay their spending is a TOTAL myth : who would delay buying gas if the price goes down by 1% or even 5%? Who would delay buying gas if he thinks the price will be 1 or 5% less in a year?? Who would delay buying anything because the price went down?? You will wait a year to buy food, a haircut, clothes, a vacation because you think it will be a bit lower in a year??
When the prices go down you are happy and richer so you buy more
It is not a myth. It has been proven many times through history that when prices are falling (or people get an increase in wages, which is effectively the same), they tend to save more, not spend more. If it were not so, there would be no ground for a deflation spiral...  Exactly there is no ground for a deflation spirale! People spend more when prices go down; you must have never bought anything if you don't know that : are you a politician in Washington or an Economics professor?? Being a corrupt politician in Washington or a backward professor in Chicago won't change human psychology. In this case it shows itself in what is called the marginal propensity to save, i.e. the increase in income brings about an increase in saving (the same happens when prices go down).  Increase in income brings an increase in savings but when prices are going down people buy more not less, it doesn't make sense not to buy because you think the price will be a bit lower in a year. If it was true nobody would buy on credit, when you buy on credit you are going to pay more for the product when you could wait and pay less because you would save the interests but people want the stuff they want sooner rather than later Agree that in rare cases maybe people restrain from buying to have a lower price but it is the exception, not the rule; look at tv screens sells in the last ten years : people knew the prices were going down but they wanted to buy immediately on credit anyway! When the prices go down you are happy and you can buy more and usually you will |
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Let me put it this way: have you ever felt the urge to join a monastery or the Foreign Legion, or undergo a change of sex operation, after reading something that you posted the night before?
Oh, my; that was some heavy drinking right there, wasn't it? I can't remember the last time I was that drunk, can you? I can remember being drunk, but how could I tell whether it was the last time I was so, rather than the next-to-last one? That is the wort of thing that you would know, don't you think? You would know if you bought Google Glasses and kept them on all day? |
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Given money to college is a bit like giving money to everyone to start a new business
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The prices going down are the only good thing about a crisis; nobody complains about falling prices in energy prices or electronics; restrain for consuming because prices have been a bit lower than last year and the fact that consumers anticipate lower prices thus delay their spending is a TOTAL myth : who would delay buying gas if the price goes down by 1% or even 5%? Who would delay buying gas if he thinks the price will be 1 or 5% less in a year?? Who would delay buying anything because the price went down?? You will wait a year to buy food, a haircut, clothes, a vacation because you think it will be a bit lower in a year??
When the prices go down you are happy and richer so you buy more
It is not a myth. It has been proven many times through history that when prices are falling (or people get an increase in wages, which is effectively the same), they tend to save more, not spend more. If it were not so, there would be no ground for a deflation spiral... Exactly there is no ground for a deflation spirale! People spend more when prices go down; you must have never bought anything if you don't know that : are you a politician in Washington or an Economics professor?? The prices going down are the only good thing about a crisis; nobody complains about falling prices in energy prices or electronics; restrain for consuming because prices have been a bit lower than last year and the fact that consumers anticipate lower prices thus delay their spending is a TOTAL myth : who would delay buying gas if the price goes down by 1% or even 5%? Who would delay buying gas if he thinks the price will be 1 or 5% less in a year?? Who would delay buying anything because the price went down?? You will wait a year to buy food, a haircut, clothes, a vacation because you think it will be a bit lower in a year??
When the prices go down you are happy and richer so you buy more
Consumption is a an indirect utility function of the price meaning that consumers consume more not less when the price is lower thus they consume more when the price goes down, it has been proven each time a price has been going down
Most of your examples are necessities that have fairly inelastic demand. Without major lifestyle changes, you still need about the same amount of gas, food, electricity, etc. When you need to cut expenses, you generally look at optional purchases. Can a new computer wait until next year? Can I get by with this old car for another year? And all of that aside, have you never waited for a sale, or a better sale than the current sale, to buy clothing or a vacation trip? Have you never postponed filling your gas tank because prices are falling and you have a pretty good idea from experience that they will be a few cents cheaper next week (assuming you don't need to fill your gas tank every week)? Also keep in mind that in a deflationary environment, as a whole, wages also drop along with prices (where a "drop in wages" may come in the form of job cut). If I think I'm going to be making less next year, or if I fear I will lose my job, then I'm going to save every penny I can this year. That kind of mentality leads to less spending and further slowing of the economy. What about smartphones it is not a necessity but people buy more even when they know the price has been going down and is likely to go down When the price goes up people can consume less Salaries going down are a bad effect of a crisis and it is upset by the deflation of prices which is excellent Technology in general, especially electronics, is always getting cheaper because of how fast it evolves. If you want a smartphone, then yes, you eventually have to buy one, even though you know it will cost less next year. But the question is, have you ever delayed a purchase or bought an earlier generation product because of that fact? When I look for new computer parts (I build my own), I decide on what I want to get to meet my needs/desires. Then I wait a little while either for a good sale or for prices to drop when the next generation comes out. If I were really concerned about money, I'd wait even longer. If hard economic times lead to consumers buying every other generation of a smartphone rather than every generation, that will have a significant economic impact. As for the effects of an economic crisis, if prices and wages drop a small amount, that can be beneficial for most (with the exception of those that lose their jobs due to the crisis). But the danger with deflation is that it's very easy to get into a deflationary death spiral. People spend less which causes prices to drop and people to lose their jobs, which leads to less spending, lower prices, and more jobs loss, which leads to even less spending, lower prices, more jobs lost, etc. Deflation can arrive when there is a crisis but it is not the deflation which is the problem, it is the only good thing Why the government is saying that when the gas prices go up or when the truiton go up it is bad if inflation is good?? A country is rich when its currency is strong without inflation or with deflation, low taxes, low government, free entreprise, high rate of savings and investment
Actually, I'd say a country is rich when its people really care about one another and help each other out. But that's a different topic. Setting aside governmental manipulation, a country's currency is strong when its economy is doing well (generally speaking, anyway--technically, from a value standpoint, a country's currency will increase in value relative to other currencies as long as its economy is doing better than that of other countries). As deflation and economic contraction generally go hand-in-hand, it would be hard for a country's currency to do well during deflation. It is not hard at all : the US during the 19th!! Switzerland has stable prices for decades |
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I would get the money in ones
bring it all to the bank and say
"please deposit 500,000$ to my bank account
then i would ask for my other 500,000 to be converted to pennies
What would be the point in that? They will charge you for that service if they accept to provide it |
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My bets will be Argentina to win it all; Brasil-C : C or draw; Germany to destroy France; and a small bet for France and Colombia to win it all (...)
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Why are most of the losers keeping quiet about what price they bid at?
The don't want to look foolish? They will be back when the price goes down 20-30$ When it goes up to 3000$ then down to 2200$ they will still stay "I told you so, it is going down and it is a bubble" |
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In 10years, a middle class and even low middle class chinese will live like a King in holidays in the States
They already are. You should see the Chinese students at a local University in my neck of the woods. It's a fairly prestigious University, and costs a pretty penny to attend. The tuition has gone up astronomically in the last 15 years. Even as recently as 6 years ago there were very few non-Caucasians and minorities on campus. Now it's completely taking over by rich Chinese and Korean kids, driving around in their (paid for) Mercedes, Lexus, and BMWs. The campus is now unrecognizable, as Caucasians and all the other groups are now the minority there. You'd think it was a school just for Asians. The local high-end car dealerships say that they sell about 80% of their cars now to the Asian kids attending this University, and have even started to market directly to them. Works for me: USA imports stuff, exports quality (with democratic, bill of rights and women's liberation bias) education China will be better off producing and consuming; the chinese will consume as well as the americans, it is not the hardest part! Chinese save in Yuan and Gold as well which will increase in value compared to the USD, their salaries are going up tremendously every year, one billion of chinese came out of poverty and they are working hard, saving a lot, their state is planning for years ahead...
Did they really come out of poverty, or did their Chinese Gov't 'engineer' them out of poverty? 20 years ago, the Chinese citizens were at the lowest point. They were focusing hard on trying to overthrow their Communistic form of government, because they felt that it was holding them down while the rest of the world prospered. The Chinese citizens HATED their government and wanted a revolution. They wanted Democracy, and capitalism. The Chinese government was worried, and they needed something to distract their citizens away from hating the government control so much. So what did they decide to do? The made their economy better. A brilliant move on their part. By better, I mean that they engineered the Chinese economy to have the veneer of real change and improvement. The Chinese government used it's Billions of funds to invest in its own economy and infrastructure. It put restrictive capital controls in place to make sure money stayed in China, and suppressed the value of the Yuan to keep export of Chinese goods high. It started offering cheap, high quality education for it's own people. A Chinese shadow banking system arose, that started to offer cheap credit to entrepreneurs to be able to invest in just about any Chinese-related business endeavor. Incentives were offered for the people to invest in local real estate, which rose in value. Suddenly everyone's salaries magically went up, poverty went down, and the people thrived. The people were making money and it appeared that their lives were improving, so of course they slowly started to shift their viewpoint away from hating their government to a form of Nationalism. The next generation or two of children of the people who lived through the Cultural Revolution had forgotten all about the horrors that their government had put their parents and grandparents through, and actually started to have National pride instead. It's amazing what having an abundance of money and better living conditions will do to an entire nation's psychology. The young people there are quite oblivious to their country's dark history. But you have to understand, it's all a fabricated facade, fabricated by their government. And yes, the Chinese traditionally have been good savers, and always have been compared to the U.S. and the rest of the world. But just saving alone won't save your entire country. You have to continue to produce valuable stuff that the rest of the world wants, or your own country wants. If either or both of those things slow down or grind to a halt, then your country's economy is going to have BIG problems moving forward. The Communist Party knows it needs to deliver economic prosperity to stay in power; the Central Politburo Standing Committee in China have the smartest guys that take decisions to maximise China's (and the Communist Party's) utility in 10years, 20 years 30 years or even more |
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Sorry to say, but withdrawals are really slowing down: Jun 30 01:25 - total: 3807
736, 692, 378, 314, 186, 143, 142, 133, 119, 73, 71, 52, 43, 41, 30, 29, 27, 26, 25, 24, 22, 18, 17, 15, 14, 2*13, 3*12, 11, 2*10, 2*9, 3*8, 2*6, 4*5, 5*4, 12*3, 14*2, 57*1, 3791*0
Jun 30 14:42 - total: 3228
692, 378, 361, 314, 186, 143, 133, 119, 73, 71, 52, 43, 41, 29, 27, 26, 25, 24, 22, 18, 15, 14, 2*13, 3*12, 11, 2*10, 2*9, 3*8, 2*6, 4*5, 4*4, 11*3, 13*2, 56*1, 3786*0
Jun 30 21:53 - total: 2600
692, 378, 314, 133, 119, 86, 73, 71, 52, 43, 41, 29, 27, 26, 25, 24, 22, 18, 15, 14, 2*13, 3*12, 2*10, 2*9, 3*8, 2*6, 4*5, 4*4, 10*3, 11*2, 55*1, 3781*0
Jul 1 16:45 - total: 2500
692, 378, 314, 133, 119, 86, 73, 71, 52, 41, 29, 27, 25, 24, 22, 18, 15, 2*13, 3*12, 2*10, 2*9, 3*8, 2*6, 2*5, 3*4, 11*3, 11*2, 53*1, 3784*0
Jul 2 05:20 - total: 2470
692, 378, 314, 133, 119, 86, 73, 71, 52, 41, 29, 27, 25, 22, 18, 15, 2*13, 3*12, 2*10, 2*9, 3*8, 2*6, 2*5, 3*4, 9*3, 11*2, 53*1, 3784*0
Jul 2 17:56 - total: 2466
692, 378, 314, 133, 119, 86, 73, 71, 52, 41, 29, 27, 25, 22, 18, 15, 2*13, 3*12, 2*10, 2*9, 3*8, 2*6, 2*5, 3*4, 9*3, 10*2, 52*1, 3782*0 Just 4 BTC taken out in the last 12 hours, and only 34 BTC in the last 24 hours. Do you know anyone who had coins in Just-Dice? Please spread the word that they need to withdraw. 24 and 2*3 were withdrawn First 3 balances correspond to half the coins still unwithdrawn, not surprised some don't check JD often or don't follow Bitcoin news daily or even weekly to be honest Some are waiting for their F2A to be unlock and you will end up using the emergency addresses |
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You guys need to watch the video in the first message : erasing students debt means the government will go into debt so people who didn't go to college pay for those who did
The students have more debt through the government debt than students debt and the price of tuition is going up because of the state intervention; going to college to do a job that doesn't need a college degree is inefficient; the middle class has been shrinking as more and more people go to college!
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c'est surtout la fin du mois ... l'occasion d'une baisse habituelle (sauf le mois dernier).
Je suis surpris de tous les amateurs qui se mettent au trading sur Bitcoin ou à miner; c'est amusant mais c'est dangereux car c'est probable d'avoir une espérance de gain négative quand on commence 655$ sur Bitstamp, ça monte ça monte! |
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"Last Active: June 30, 2014, 10:19:12 PM"
and
"Trust: -17: -3 / +0(0)
Warning: Trade with extreme caution!" :https://bitcointalk.org/index.php?topic=664916.0;topicseen Very weird, the thread was interesting
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Can we have a list of members still in to win the 100BTC?
Who won big so far or made a huge bet on a team?
Hi boumalo, Unfortunately with all the upsets in the group stage we didn't have anyone make it past the second game of the knockout round. I don't have any figures to hand regarding the biggest bets or the biggest winners on the World Cup, but I can tell you that over the weekend we had one punter hit a 75 BTC jackpot on one of our 3D slots, and another won a similar amount playing live Blackjack. Cheers, Cloudbet OK thanks for the infos Argentina-Belgium To qualify bet : Home and Away are the 2options, why not Argentina and Belgium?? |
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In 10years, a middle class and even low middle class chinese will live like a King in holidays in the States
They already are. You should see the Chinese students at a local University in my neck of the woods. It's a fairly prestigious University, and costs a pretty penny to attend. The tuition has gone up astronomically in the last 15 years. Even as recently as 6 years ago there were very few non-Caucasians and minorities on campus. Now it's completely taking over by rich Chinese and Korean kids, driving around in their (paid for) Mercedes, Lexus, and BMWs. The campus is now unrecognizable, as Caucasians and all the other groups are now the minority there. You'd think it was a school just for Asians. The local high-end car dealerships say that they sell about 80% of their cars now to the Asian kids attending this University, and have even started to market directly to them. It is the same in touristic cities, most people in old countries don't know countries like bangladesh are booming and already matured in terms of demography In 10years, a middle class and even low middle class chinese will live like a King in holidays in the States
They already are. You should see the Chinese students at a local University in my neck of the woods. It's a fairly prestigious University, and costs a pretty penny to attend. The tuition has gone up astronomically in the last 15 years. Even as recently as 6 years ago there were very few non-Caucasians and minorities on campus. Now it's completely taking over by rich Chinese and Korean kids, driving around in their (paid for) Mercedes, Lexus, and BMWs. The campus is now unrecognizable, as Caucasians and all the other groups are now the minority there. You'd think it was a school just for Asians. The local high-end car dealerships say that they sell about 80% of their cars now to the Asian kids attending this University, and have even started to market directly to them. Just goes to show, you need to work harder. Actually these Asian kids didn't work for this money. It's their parent's money, they wire it to them to spend in the States. Mommy and daddy didn't do anything amazing either, they simply bought real estate in China 10-15 years ago (really the only investment the Chinese gov't will allow their citizens to invest in), sat on it, and made a killer return. It was easy money. All of it fake wealth of course, because their real estate market is now in a bubble. Also the Chinese gov't artificially devalues the Yuan so that they can keep exports high and keep in-sourcing work. But they can't keep this up forever, and when it all implodes then their citizens will be royally fked. So will their kids. Chinese save in Yuan and Gold as well which will increase in value compared to the USD, their salaries are going up tremendously every year, one billion of chinese came out of poverty and they are working hard, saving a lot, their state is planning for years ahead not like in the US where they plan a week in advance or until the next election and they are accumulating so much human capital and other forms of capital than they will be the first world economy very soon and the US will fall from first place to second third ect. |
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Buy some bitcoin ATM machines and put them next to western union in California could be profitable.
The cost of regulation probably makes it way more expensive than 50k$ to get a single Bitcoin ATM in California, you have to be very rich to be able to live well in California because the taxes are huge What was the price at the time this thread started vs right now? How much would the 50k be worth in todays prices?
Bitcoin went up quite a lot in the last 30 days. So, 50k worth back then would worth at least 60k USD in bitcoin today. 558$ in June 15, 658$ now so 50k$ worth of bitcoins back then would be 59k$ now |
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And yet there are something like 13 million millionaires in the world..being a millionaire is now commonplace and doesn't make you important.
Owning a single bitcoin one day will mean you are a magnitude more wealthy than today's "millionaires".
Bitcoin may not suceed, think it will but it may not, it is good not to be too unrealistic 655$ on Bitstamt at the moment so maybe we can get excited? |
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