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1241
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Economy / Economics / Re: Martin Armstrong Discussion
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on: January 15, 2017, 05:28:09 PM
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iamnotback wrote:
"The governments are getting organized so as to prevent anyone from having assets for which they can't show a paper trail indicating that they have paid all their taxes and that the wealth was not ill gotten such as money laundering.
It is possible that in a Marxist global collapse (or even only your own country which claims you as a tax slave for a wealth tax), the governments go bezerk and basically confiscate all wealth. This would be a Dark Age if it were global."
That is one of Armstrong's greatest pair of observations.
* * *
I would not write-off gold yet though. Just because it has no monetary role does not necessarily mean that its value will be unrecognized in the future.
Interesting comment about GATA people being "FOS", I will re-visit some of their recent work and judge for myself. My *hunch* (FWTW, which is near zero), I doubt massive manipulation of gold & silver.
While I do share iamnotback's general observations on the direction ahead re Marxist(s) and the types of governments we can expect, I cannot accept that we can know with any (or much) specificity what will happen, there really is too much entropy out there...
[I accept that I understand entropy far less than iamnotback and CoinCube who have both explored the topic at length on other threads]
* * *
Re investments, I also share above comments about "dollar cost averaging", whether for gold, Bitcoin and anything else that one would invest in -- as long as one has a basic understanding of the investments and their risk/return profile.
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1242
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Economy / Service Discussion / ViaBTC offers a nice service for very small transactions
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on: January 12, 2017, 08:14:52 PM
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... Various members here at bitcointalk suggested I check with the service I briefly explore in this thread. Thank you guys! Normally I do not "do" small transactions, but my blockchain.info iPhone app has not worked well for months now. I have been unable to transfer normal amounts of BTC -- getting one of two error messages. I DID find that I could send out rather small amounts ( BTC0.001 - BTC0.0026 or so) somewhat freely. My problem with doing this was that the transactions took very long to confirm (often 3 days), and naturally I vented... The real problem is that the app would only send out trx with just BTC0.0001 as a fee, and that is such a low amount (BTC for trx byte size) that miners have little incentive to confirm. And the app does not permit a larger fee (say 0.0002), so there I was, stuck waiting to get my small amount out of my iPhone bit by bit. Here is the nice little service. As long as any trx has a fee of BTC0.0001 or more, you can "accelerate" the transaction using a service with ViaBTC (looks like a miner in China). Go here: https://www.viabtc.com/tools/txaccelerator/Enter the transaction number, and the captcha, then ViaBTC will speed up the trx! I do not know the mechanics behind it, but it has worked for me some 10 times now as I work down the balance in my iPhone. Highly recommended! Typically it speeds up each trx quite a bit (and apparently NOT just waiting for ViaBTC to win a block), I typically only have to wait some 1 - 3 blocks for the trx to confirm. EDIT: I just made two more trx, ran ViaBTC's service, and both confirmed in the next block. Nice service. So who's my favorite miner now...?  |
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1243
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Economy / Economics / Re: Martin Armstrong Discussion
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on: January 11, 2017, 10:31:15 PM
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Armstrong writes in the piece you cite: "As far as gold is concerned, I have recommended old common date coins rather than bars and bullion."A good fraction of my gold stash is in common date US gold coins. Collectible historical coins..., most of mine are dated before 1900. Looks like neither Armstrong nor even iamnotback advised us of BTC's 15% drop last night... * * * CoinCube quoted from George Gilder's book Knowledge and Power. I read that about a year ago. Highly recommended! |
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1244
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Economy / Speculation / Re: rpietila Wall Observer - the Quality TA Thread ;)
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on: January 11, 2017, 10:20:22 PM
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There is not TA that can predict the current crash. You think you have shit figured out, then BOOM you wake up with a price crashing in a damn straight line, this is ridiculous.
I'm concluding that the trick is to not chase the price on the way up and not try to catch falling knives on the way down. Just set your orders at your favorite support and resistance levels and one of your plans will be realized, which implies that you can't never go "all in". +1. Never hope. Always set your bid/ask such that you are happy either way. OR try buying BTC on a dollar-cost-averaging basis. This is what I try to do. Buy less as the price goes up, buy more as the price goes down. A simple (hypothetical) example would be: Month 1: BTC price of $1000, buy BTC0.1, cost = $100 Month 2: BTC price of $800, buy BTC0.125, cost = $100 Month 3: BTC price of $1200, buy BTC0.0833, cost = $100 Total purchases over three months: BTC0.30833 with a total cost $300. It's a pretty reasonable way to buy something as volatile as Bitcoin. |
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1245
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Bitcoin / Wallet software / Re: Can anyone recommend an iPhone BTC app that doesn't suck?
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on: January 11, 2017, 03:40:21 AM
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...
Thank you everyone for your suggestions, I chose Copay a few days ago. If I do not like Copay after a few days more of use, I will try breadwallet.
Now my task is to get out (via very small transactions) my BTC out of my iPhone blockchain,info app.
you mean small fee for your transaction? or you are transferring your blockchain funds in to your new wallet? Or you want to get your private key from blockchain to install in new wallet? if you're problem is the transaction fee i think you can pay for 10k/per kb and use this site https://www.viabtc.com/tools/txaccelerator/To accelerate the transaction i do not if its working or not but i am just using this too.. and every time i have transaction i just send my id there and my transaction was fine also there is no additional payment fee there its totally free.. I have been experimenting with ViaBTC's accelerator service for a couple of hours now. To my knowledge, ViaBTC has not won a block, but three of my small trx went through ( BTC0.0001 fee) much quicker than before (which could take 3 days). I have two more in the works which I "accelerated" half an hour ago. I am sending small amounts off from my blockchain.info iPhone app. It will not let me choose a fee, it is 0.0001 and that's it, no options. Nor will the app (now and recently) let me send very much, so I have been sending out what I can (ranging from 0.001 to 0.0025) depending on what the app lets through. I get error messages all the time, so I feel OK sending out even 0.001 as it is something.................. Only some BTC0.02 to work off. Then I'm done with that app. |
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1246
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Economy / Service Discussion / Re: Bitcoin transaction accelerator is it true or not?
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on: January 10, 2017, 11:40:38 PM
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... I just tried out the tool: put in my trx number for a small amount of BTC with a BTC0.0001 fee. I just did this, so I will check to see if ViaBTC wins a block later this afternoon/evening. I have several small transactions out at a time for BTC0.001 - BTC0.0014 from my iPhone blockchain.info app. I am having a LOT of trouble getting my remaining BTC (0.025 or so left) out of there, the app will not let me send out trx larger than BTC0.0014 without an error... Someone (on another thread) mentioned doing this for ME, very kind of them, so I will try this out on my own. Else, my trx for BTC0.0001 fees (generated by my iPhone app, cannot change it) take DAYS to confirm. EDIT: Added three more transactions |
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1247
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Bitcoin / Development & Technical Discussion / Any Other Taint Analysis Tools (other than blockchain.info's)?
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on: January 10, 2017, 10:35:30 PM
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Following a couple of comments on "U2" 's nearby thread on taint, I have not been able to get blockchain.info's taint analysis to work lately (blockchain.info busy ("maximum concurrent requests")).
Does anyone else offer a taint analysis tool? Such analysis of taint is of much interest to me, and probably others.
I also remember that blockchain.info also used to offer their own mixing service, based on COINJoin I believe, I believe I read that they discovered a security hole and no longer offer it. Pity!
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1249
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Economy / Speculation / Re: bitcoin in 2017
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on: January 10, 2017, 09:54:16 PM
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$11 Trillion Bet: DTCC to Clear Derivatives With Blockchain Tech
The Depository Trust & Clearing Corporation (DCTT) has selected a series of firms to help integrate distributed ledger technology into its first large-scale, real-world application.
In the single, complex deal involving a distributed ledger consortium, a stock exchange, a tech startup, a legacy computer firm and an international collection of bulge bracket banks, the post-trade financial services company has begun the process of moving a significant part of its $1.5qn-worth of transaction workflow to a distributed ledger network.
With a contract announced today, IBM will help manage the process of moving $11tn worth of credit derivatives to a custom distributed ledger built by VC-backed startup, Axoni, under the advisement of banking consortium R3CEV.
The CEO of the DTCC's derivatives service subsidiary, Chris Childs, explained to CoinDesk how a network of nodes run by the counterparties of a transaction will be linked together to not only streamline post-trade processes, but save money as well.
Over the course of the next year, the partners will work collaboratively to "re-platform" the DTCC's existing Trade Information Warehouse (TIW) for post-trade processing to a distributed ledger custom-built for cleared and bilateral credit derivatives.
For an idea of the scale of this operation, the TIW covers all major global derivatives dealers and 2,500 buy-side firms in 70 countries, according to DTCC data.
The DTCC hasn't shared the exact amount of money it believes could be saved by moving the transactions to a blockchain or distributed ledger, but a 2015 report by Santander estimated the global savings to banks more generally speaking could be as high as $20bn a year.
If this first large-scale implementation of a distributed ledger proves successful, there’s plenty of room to expand. The entire global credit derivatives market in 2016 was $544tn, according to the Bank for International Settlements, much of which is processed by the DTCC.
That's a very interesting piece of news there, logic-bet, thanks for posting it. DTCC is an opaque and largely unknown company that is at the heart of the financial system. Here is a clip from the wikipedia page: "The Depository Trust & Clearing Corporation (DTCC) is an American post-trade financial services company providing clearing and settlement services to the financial markets. It provides a way for buyers and sellers of securities to make their exchange in a safe and efficient way. It also functions as a central securities depository by providing central custody of securities."https://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation"Clearing and settlement services" are a perfect data set for DTCC and a blockchain. DTCC is extremely important, note that they had issues during a NYC storm (hurricane) a few years ago, they now have a backup site. A blockchain looks to be very smart. And $20bn ain't peanuts! |
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1250
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Bitcoin / Bitcoin Discussion / Re: Very Small Transactions Unconfirmed for Days ??
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on: January 10, 2017, 04:34:58 PM
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OK, thank you again! It looks like my problem was paying just BTC0.0001. The blockchain.info app on iPhone is what I used.
Today's task is for me to figure out (which I should be able to figure out on my own) how to pay BTC0.0002 or BTC0.0003. So, I'll get cracking, and report back.
(Now if I could just figure out how to send BTC0.03 or so (what I have left) without that pesky error...)
Some of the above comments were very instructive for me re the whole Bitcoin Ecosystem, so again thanks.
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1251
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Bitcoin / Bitcoin Discussion / Re: Very Small Transactions Unconfirmed for Days ??
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on: January 10, 2017, 02:48:30 AM
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Thank your for your comments guys. My transactions from 4 days ago were confirmed, finally, today. I then went on to send out three more very small trx to get my BTC out of the blockchain.info app for iPhone, here are two of the trx numbers (the third went to an app (iPad) I have elsewhere, I do not have that info handy):
9d90d0170110364270ac161e59d9de03bc83e419a82d551215b830b75cc278b5
af76fb91e313d8359f06269d5efa85b1f073a0a34d7749ce93a1b736a49b6f3f
Fees were calculated automatically by the app (BTC0.0001)
0 confirmations each, sent about 12:20 PM US ET this afternoon, so some 9 hours with no confirmations. But, the amounts are tiny, so who really cares... As long as I get the rest out even if it takes time.
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1252
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Bitcoin / Bitcoin Discussion / Very Small Transactions Unconfirmed for Days ??
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on: January 10, 2017, 12:15:11 AM
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I have been having trouble trying to get my 0.05 BTC out of my mobile blockchain.info wallet (an app, NOT recommended). A couple of days ago I found I could often (not always) take very small pieces out of there -- sending BTC0.001 - BTC0.0014.
Trying to take out larger amounts returns an error there at the app.
OK, so most of the trx have been stuck for up to four days, amounts sent of about $1.00 (BTC0.001 - BTC0.0014).
I paid the normal fee (0.0001), but still the trx lie still for days...
Is this normal?
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1253
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Economy / Economics / Re: Economic Devastation
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on: January 09, 2017, 09:50:53 PM
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... CoinCube All comments re the universe and similar are just my best guesses based on much less than you and iamnotback have both investigated. I have not looked at the latest in astrophysics (etc.) in, well, decades! But, I have had my own (I'll use the right word for me) miracles happening in my own life, since I have recovered and re-connected. * * * Nor have I had time to read all of iamnotback's material, much less understand it. (We'll have to ask him if we can refer to him as SHM, smile) So, I cannot really comment well on notions of absolutes and constants... Even from a morality standpoint <--- which would reflect my personal experience only, as I am untrained in the philosophical concepts behind morality and related. Also, prediction (especially about the future...) is very hard. I have not had the time nor the energy to carefully examine his (and Martin Armstrong's) predictions about items of interest to me (gold and BTC price for starters). But, should gold NOT crash to $800 in the next months, well that will tell me something, reinforce what I have just claimed (the future being unknowable). But should gold go down to $800 or lower, maybe I'll ask SHM if he offers subscriptions........ |
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1256
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Economy / Service Discussion / Re: Which tumbler to use
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on: January 06, 2017, 02:49:30 AM
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I of course offer biased advice (Signature Campaign), but I have used bitmixer.io many times with great success. The fee is very reasonable, the service works very well.
If you go with bitmixer.io (or anyone else), follow instructions carefully !!
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1257
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Economy / Economics / Re: How many BTC will make you a fiat millionaire in 5 years?
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on: January 06, 2017, 02:45:38 AM
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I decided to be optimistic, perhaps too optimistic in my poll response. And of course it is impossible to predict with any accuracy and precision just what the price will be tomorrow evening, much less in 5 years...
Still, I picked 100 - 500 BTC, with my best wankery guess at some $4000 (average year price in 2022), 250 of 'em would yield you the $1,000,000.
My guess assumes no severe inflation (might not be a good assumption...), so +/- $4000 in real US$ terms. My guess is, of course, worth nothing, but it does offer up an idea of what could happen.
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1258
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Economy / Speculation / Re: Another Bubble Bursts – Bitcoin China Crashes Over 30%
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on: January 06, 2017, 02:39:47 AM
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It's really hard to say whether the bubble has burst (for the time being) or not. I contend that it is hard to predict the future with any precision. "Fundamentals" (limited number of BTC being mined -- some lost, growing numbers of users, etc.) may tilt the odds of successful prediction somewhat.
I have only been in the game since late 2013, so I have not had the opportunity to live through many of BTC's many majestic price cycles. I have seen many BTC-ers get disillusioned when there are scandals or other bad news (developers not working together, etc.).
I do not see the price drop from $1145 or so (when I went to bed last night) to $950 (when I woke up) to $1000 (now) as any big deal.
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1259
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Bitcoin / Project Development / Re: Steganography and BTC -- Making BTC More Private?
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on: January 06, 2017, 02:30:51 AM
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... Nice contributions, thank you all. I like starting threads to learn stuff. I know ZIP about steganography, but sending pictures out by email, for example, is as common as chicken tracks... I hear you achow101, that steganography would be clumsy to use, and the symmetry I (barely) understand. That "secure channel" is an issue though, not much seems secure vs. NSA. I guess a more general question would be how to make BTC more anonymous, apparently even mixing BTC is not very secure anymore. |
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1260
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Economy / Speculation / Re: rpietila Wall Observer - the Quality TA Thread ;)
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on: January 06, 2017, 02:23:34 AM
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I also heard that bitcoin is up, is anyone following...   Yes, I do believe this may well be gentlemen...  Pretty soon it will be time for dogs to smoke expensive cigars, monocles and moonbeams....  After a smack-down, BTC is inching back up. ($1011 as I write (at ounce.me), 9:21 PM US ET) This time I will try to restrain myself and not buy gold with my BTC. If I feel the need for more gold (I already have "enough"), then I'll buy it with CA$H. Maybe this cycle BTC will go up to some $2500 - $3000 to approximate its other majestic price spikes. |
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