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1  Economy / Economics / Re: how banks works ? on: December 11, 2010, 07:26:28 PM
it doesn't need the founder, father, god, or supermutant,
everyone can do it.
you can do it.
why don't you do it?

because i dont have got bitcoin program and people that want to buy it. I dont have got so many bitcoins.
2  Economy / Economics / Re: how banks works ? on: December 11, 2010, 07:20:19 PM

Satoshi is already Independently wealthy(or will be). Why would he operate banks?


For example people will buy bitcoin for 100 mln usd. He can take 50 mln and setup loan..... there will be always so many people that will keep bitcoin for long time dont want to exchange them to $ but after they would like to exchange them founder can change exchange rates and keep for him self this 50 mln dollars Smiley.
and everything will be not scam
3  Economy / Economics / Re: how banks works ? on: December 11, 2010, 07:19:32 PM
"Satoshi doesn't operate any e-wallet/banking business in bitcoin. " are you sure ?! Wink

Satoshi is already Independently wealthy(or will be). Why would he operate banks?

For example people will buy bitcoin for 100 mln usd. He can take 50 mln and setup loan..... there will be always so many people that will keep bitcoin for long time dont want to exchange them to $ but after they would like to exchange them founder can change exchange rates and keep for him self this 50 mln dollars Smiley.
4  Economy / Economics / Re: how banks works ? on: December 11, 2010, 07:10:53 PM
If they borrow you 100,000 $ for new house. Do you think that they have got this money, or they creating it from nothing ?  Money As Debt - on youtube. And I wonder .... mayby bitcoin father will do it this same ; )

Satoshi doesn't operate any e-wallet/banking business in bitcoin.

Also, the use of "father" is creepy. Founder is a better term.

Ok founder....I know peoples like him for example Madoff Wink
"Satoshi doesn't operate any e-wallet/banking business in bitcoin. " are you sure ?! Wink
5  Economy / Economics / how banks works ? on: December 11, 2010, 06:29:43 PM
If they borrow you 100,000 $ for new house. Do you think that they have got this money, or they creating it from nothing ?  Money As Debt - on youtube. And I wonder .... mayby bitcoin father will do it this same ; )
6  Economy / Economics / Re: what make bitcoin exchange rate go up/down to usd ? on: December 11, 2010, 02:15:25 PM

Uh, will your program let everyone sign up and trade?
[/quote]

what u mean ? you can sign up and trade on bitcoin
7  Economy / Economics / Re: what make bitcoin exchange rate go up/down to usd ? on: December 09, 2010, 08:14:15 PM
Supply and demand.

So there is some kind of system that is calculating transations ? How I can be sure that system is working good ? no controled by anyone outside. Controled only by programist that creat it.

Maybe visiting mtgox.com will help you understand? Click "trade data" then "depth of market" to see some current bids (offers to buy coins) and asks (offers to sell coins). Every one of these offers is valid and current, if you accept it then it happens immediately. This is not the only place where prices are determined, people trade on bicoin-otc and bitcoinmarket and a few others. The prices tend to stay near each other because if they deviate there is a profit opportunity for anyone willing to do the arbitrage.
read my post up, program will behave like people are really buy/sell. If i can do it, just think what this japanese bitcoin father can do
8  Economy / Economics / Re: what make bitcoin exchange rate go up/down to usd ? on: December 09, 2010, 08:08:21 PM

So there is some kind of system that is calculating transations ? How I can be sure that system is working good ? no controled by anyone outside. Controled only by programist that creat it.

The price of bitcoin is determined by the market.

You can inspect the source code yourself. However, the real control lies in those who run the software. The programmer may wrote the code, but it's the user who run bitcoin that decide if they want to use it.

and If someone is greedy He can do it easy.... I can find a programmer in one day. That will write me program that will behave like eur/usd chart with some extra adds like day price close at...that will work on meta trader program used to play forex. But I will need something like bitcoin and users want to play Smiley
9  Economy / Economics / Re: what make bitcoin exchange rate go up/down to usd ? on: December 09, 2010, 05:50:32 PM
Supply and demand.

So there is some kind of system that is calculating transations ? How I can be sure that system is working good ? no controled by anyone outside. Controled only by programist that creat it.
10  Economy / Economics / what make bitcoin exchange rate go up/down to usd ? on: December 09, 2010, 05:39:48 PM
Huh
11  Bitcoin / Bitcoin Discussion / Re: can you explain me something about buy/sell bitcoin on: December 09, 2010, 05:26:03 PM
Bitcoins are not pegged to anything, if that's what you're asking. Their price floats freely.
There's no institution behind bitcoins, it's a P2P currency.

So it is nothing that will make it go up or down ?
12  Bitcoin / Bitcoin Discussion / Re: can you explain me something about buy/sell bitcoin on: December 09, 2010, 05:10:05 PM
hehe, peter, at least read the FAQ...
Ok, but tell me something exchange rate bitcoin/euro will work this same like on forex usd/eur ? more people want to buy usd, usd go up etc ?
13  Bitcoin / Bitcoin Discussion / Re: can you explain me something about buy/sell bitcoin on: December 09, 2010, 04:44:09 PM
Please do some more reading on Bitcoin.  There is no bitcoin god (apologies to Satoshi-san).  It is a decentralized currency which cannot be controlled by a single person.  Having said that, there are probably some unscrupulous individuals out there who might mislead you into thinking you can make instant money off of them.  It is like any other commodity that you might buy or sell.  Ok, well, maybe not just like any other commodity.  Read the FAQ.

Ok mayby i dont understand and need to read more. But bitcoin is not trustable today. It can be big scam to
14  Bitcoin / Bitcoin Discussion / Re: can you explain me something about buy/sell bitcoin on: December 09, 2010, 04:14:27 PM
In order to make money, you have to buy and hold Bitcoin for some period of time and hope that the value of Bitcoin rises (which it has mostly done over the past 6 months).  Don't forget that there is a cost to exchange to-and-from national currencies, around 3-20% each way depending on the method.  While it's possible to make money speculating, I recommend that you try to earn Bitcoins by contributing to the Bitcoin economy.

You can go here to check the exchange rate between USD and Bitcoin: http://bitcoinwatch.com/

I like XE.com for checking exchange rates between the national currencies.


I understand now... This is curency that is not controled by any gov institution. So bitcoin god, can change the currency rates for his favour. Bitcoin god have got 1.000.000.000.000.000 bitcoins and will sell them to naive people that will think that bitcoin will be more valuable after a while... great idea

For example now 1 bitcoin = 0.001 usd but after it will be worth 0.010 usd Every body that will buy bitcoins at 0.010 usd will lose there money becuase bitcoin god will make 0.005 usd/bitcoin and recive a lot of money Smiley
15  Bitcoin / Bitcoin Discussion / Re: can you explain me something about buy/sell bitcoin on: December 09, 2010, 03:55:20 PM
If the exchange rate has moved in your favor, then yes you will make money.  Beware though, the exchange rate has been very volatile over the last few months!

It is too good to be true. Because for exmaple 1 bitcoin= 1 euro, 1 bitcoin= 1 usd. I have got 100,000 euro and 100,000 usd i bought bitcoins for all cash, after euro/usd change + 5%. I exchange bitcoins to euro 200,000 euro and then 100,000 euro to usd and recive 105,000 usd. So i will recive 100,000 euro and 105,000 usd.
"If the exchange rate has moved in your favor" my favor is - or + 5 % to euro or usd dosent matter.
What are the rates for bitcoin/usd , bitcoin/euro ? are they always this same ? how much i need to pay for exchange bitcoin to usd or bitcoin to usd ?
16  Bitcoin / Bitcoin Discussion / can you explain me something about buy/sell bitcoin on: December 09, 2010, 03:41:55 PM
I have got 100 $ and 100 euro. I bought bitcoins for 100$ and 100 euro. After month I can sell bitcoins and recived 200 $ or 200 euro ? Because of the change of euro/usd 1.4 and after a month 1.6 I can recive 200 $ or 200 euro and make money on it ?
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