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2961  Economy / Economics / Re: What to buy.. what to buy.. on: June 23, 2015, 07:06:25 PM
...

Manitoba, Canada?  That sounds like wheat producing land (or else forest).

If you own the land, but do not live near it, there is always the possibility of sharecropping it.  You work out a deal with a local farmer, he does the work, you split the profits.  Typically, the landowner gets 50% (varies though) of the profit, the guy on the tractor the rest.

You would need to look into Canadian law and/or visit to see if it is a good deal or not.
2962  Economy / Service Discussion / Some SharedCoin transactions may not hide large BTC transfers well on: June 23, 2015, 04:15:21 AM
...

Being always curious about learning more about mixing BTC, I found this transaction:

https://blockchain.info/tx/72ac39c88c6df7ce4b15ee5dfdeb64179b9b7e42cc58c821c8eaa7e7a9b2e14b

This looks to be a SharedCoin transaction (lots of inputs and outputs, many outputs having similar amounts of BTC).  But, in THIS transaction we can find an input that is very large (vs. the others) and an output that is also very large vs. its others:

Address 1BLh2VNt8MmNiZ1q3D3qXPGH1qUiybuBxH shows some $99,800 sent.

Address 1JV9CRKXDVSK9RmqQ8K9TR18bHxE1X2XA8 shows some $87,500 received.

All other addresses in that transaction show $12,341.00 amounts or less.  Total output (transferred) was a majestic $211,000 or so.

It would appear to me that addresses 1BLh2...BxH and 1JV9CR...XZ8 seem to be related.  Were it me mixing BTC to cover my trail, I would have done it over, say, 5 - 10 transactions...

Comments welcome!  Am I interpreting this correctly?  I am always happy to get educated here at bitcointalk.  Smiley
2963  Bitcoin / Mining speculation / New Players in Mining: 21 Inc, BitFury and Telco 214 on: June 23, 2015, 03:05:26 AM
...

In recent days, so new players in mining have stormed onto the stage (or perhaps more accurately identified by blockchain.info).  I know very little about any of them:

-- BitFury makes ASIC chips, correct?  Their pool would then remind me of AntPool and KnC Miner, hardware makers.

-- 21 Inc. is the new & mysterious company that wants mining in almost any electrical device, correct?

-- Who is Telco 214?  My Google search was not very instructive...

Any other details would be informative (perhaps even useful) to us here.


EDIT: Are all three are US companies?  In whole or in part?
2964  Bitcoin / Bitcoin Discussion / Re: (Parody?) Elmer FUD: You MUST read this if you are holding any Bitcoins!!! on: June 23, 2015, 02:50:23 AM
...

Meuh6879

We do not have a VAT in the USA, but I am somewhat familiar with Peru's version of a VAT (they tax each transaction our bearing import company makes).

Our company there has to send every line item on every invoice that we produce (in other words, EVERYTHING we sell) via email on MS Excel spreadsheets to the Peruvian tax authorities.

That means that even if Bitcoin were popular in Peru, which it is NOT, then our company there would have a very hard time beating the tax man.

Only tiny little unincorporated businesses can get away from Peru's "VAT".  But, they can get caught, as most other businesses have to record THEIR info in transactions.  And Peru's tax collectors are as bad as any others...
2965  Other / Beginners & Help / Re: Bitcoin wallet on: June 23, 2015, 02:38:56 AM
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litecoinguy, in another thread, posted a picture of the (presumably) soon to be released digitalbitbox.  It resembles the Ledger Nano in that it uses a smart chip.  It will NOT include firmware updates by design, so probably making it easier to use (and to control).

digitalbitbox.com is a Swiss company.  The website is worth a look.  The device looks like it will be just right for BTC users like me.


(I am happy with my Ledger and my Trezor, but BOTH are asking to have their firmware updated...)
2966  Economy / Economics / Re: What to buy.. what to buy.. on: June 23, 2015, 02:33:52 AM
...

More ideas to consider re what to buy:

-- foreign real estate, preferably by a (foreign) corporation that you own.  LOTS of real estate in other countries yields nice rents too...

-- short-term, I would expect that the US$ will likely go up vs. most other currencies.  Wait on Greece...

-- very high quality numismatic coins (ones costing THOUSANDS of dollars each, like MS-60+ condition pre-1933 US gold coins) may do very well over a long period
2967  Economy / Economics / Re: Economic Totalitarianism on: June 23, 2015, 02:29:14 AM
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FATCA is a beautiful example of Economic Totalitarianism.  If the US .gov wants your money, it is getting harder to keep it away from them.  I have not heard of any overseas banks welcoming deposits of Americans.  None do in Peru.  Maybe there might be handful in rogue states (?)

FATCA was designed for just this: to corral Americans, nicely put TPTB.  There is no question that the USG pushed this onto banks around the world, thereby demonstrating plenty of power.

*   *   *

trollercoaster

Another example of USG power abroad.  Touché!
2968  Economy / Service Discussion / Re: Maximum concurrent requests... @Blockchain.info on: June 22, 2015, 06:52:22 PM
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I too have had that error from time-to-time at blockchain.info.  I do have a wallet there, but have gotten the error both checking wallet balance as well as normal blockchain observation.  In particular, I used to get that error (or another) when using their "Taint Analysis" tool, but recently I have received that error less often.

Hmm, the blockchain stress test may explain some of today's errors.
2969  Bitcoin / Hardware wallets / Re: OVERVIEW: BITCOIN HARDWARE WALLETS █████████████████ Secure your Coins on: June 22, 2015, 06:40:59 PM
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LiteCoinGuy

I went to take a look at their website: digitalbitbox.com, looks like an interesting product!

I like the use of the chip (like Ledger I suppose), I also like the fact that they say it will be simple and that there will be no firmware updates.  Both my Ledger Nano and Trezor are asking me to update firmware... 

I look forward to finding out how much it will cost and become available.
2970  Bitcoin / Bitcoin Discussion / Charts by Country of localbitcoins.com transactions on: June 21, 2015, 04:56:48 PM
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I have not had the time to study these (Y-Axis in particular), but the charts are interesting:

http://charts.coin.dance/

It is interesting to see how BTC purchases vary by country through time.
2971  Bitcoin / Bitcoin Discussion / Re: *New Names* Mining BTC on: June 21, 2015, 04:00:11 PM
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From https://blockchain.info/blocks/21%20Inc.

Block 361870  won today (21 June) by 21 Inc.
Block 361836    "     "            "       "     "

And 5 blocks won yesterday.


EDIT: Note their interesting transactions (their BTC address):

1CdJi2xRTXJF6CEJqNHYyQDNEcM3X7fUhD



2972  Bitcoin / Bitcoin Discussion / *New Names* Mining BTC on: June 21, 2015, 03:53:07 PM
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Well, sort of.  It may take time for blockchain.info to figure out the latest players, but I note that they now break out BitFury as well as the mysterious 21 Inc. and Telco 214.  Link:

https://blockchain.info/pools

Summary for today:

F2Pool       21%
AntPool      18%
BitFury      12%
BTC China  11%
BW.com      6%
KnCMiner     5%
21 Inc.        4%
BTC Guild    3%
Slush          2%
GHash.io     2%
Telco 214    2%
Eligius        2%
BitMinter     2%
2973  Economy / Service Discussion / Re: LOTS of SharedCoin transactions over the past day on: June 18, 2015, 03:11:44 AM
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Just by chance, I was just over at blockchain.info again, and saw this $87,000 transaction:

https://blockchain.info/tx/4447a8d4ec484478d1cb106ee88221ee10899ed93f6951dbdb9a61affc2a587b

Looks a lot like a SharedCoin trx to me.  Maybe they prefer to mix coins at night (?, night US ET)?

One input (receiving address) got $11,000.  None of the outputs matched closely.



EDIT: Another one: https://blockchain.info/tx/94d06730c3ccea69ab75fadc9b894e04edf92a3c3d6d6e0712cb87b556e26ed1  ($92,000)
2974  Economy / Service Discussion / LOTS of SharedCoin transactions over the past day on: June 17, 2015, 09:05:52 PM
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Last night I was browsing blockchain.info and I saw a much larger share of mixing transactions (SharedCoin) than I ever recall seeing before.  I only looked at trx over $30,000 (and also browsed a couple of blocks), and found that most of them were mixed.  Here is an example of a transaction I just found at blockchain.info:

https://blockchain.info/tx/6f964a43ce61e3a2a40982d57c3f4b1f0e1bf6e5d0f863fe7003bd4aaccc206c

I saw a couple of very large transactions, over $200,000.  But, since the largest amounts "out" matched the amounts going "in", I would guess that those transactions were not well hidden.


Is there any reason for such an increase in SharedCoin mixing transactions that any of you can comment on?

*   *   *

It is not easy to ID bitmixer transactions, at least for me.

2975  Economy / Economics / Re: Germany may slap capital controls on Greece on: June 17, 2015, 08:42:45 PM
...

I agree with above reply re Goldman Sachs also being at fault here.  But there are MANY at fault in this mess: Germany, Europe (for letting Greece in), and Greece itself (all of their governments have behaved shamelessly).

*   *   *

There is talk within Greece itself as to who would impose capital controls.  So much talk re capital controls, that IMO (not an expert, not Greek) some kind of controls are coming.

Individuals there should consider taking money out of the banks now.  And buying some BTC and Au now.  There may not be much time.




EDIT:  We here in the USA (and W Europe) could look at Greece as a test-run for responses to future crises.  Just as Cyprus is a model now for authorities to place capital controls on the population...
2976  Economy / Service Discussion / Re: Bots vs. Humans - What's better for a signature campaign? on: June 17, 2015, 08:36:52 PM
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I vote for the bot, at least in bitmixer's case.  I have not had a problem. 

And if I had to guess, the owner probably does a little bit of spot-checking to make sure posts are of reasonable quality.  Bot to do the tedious work, person to spot-check quality.

*   *   *

I wonder if bitmixer's bot also does the mixing...  The site runs very smoothly.  Automating as much as possible of a website means less work, and once it is shown to be working well, that adds value to them, and to their customers.
2977  Economy / Economics / Germany may slap capital controls on Greece on: June 15, 2015, 06:36:30 PM
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Yes, I know that everyone has been screaming about Greece since 2010 without anything happening.  But, *maybe* we may be nearing a denouement:

http://www.zerohedge.com/news/2015-06-15/eurozone-impose-capital-controls-greece-if-no-deal-weekend-german-press

Then again, maybe not!

But, the ATMs there in Greece have been busy lately.  Were I Greek, I would be taking money out of the bank as quickly as possible.  And getting some of it out of Greece, and into things like BTC and gold.  Bitcoin is very mobile, and done right, hard to track.
2978  Economy / Economics / Re: Has The Lower Price Really Been Great For Bitcoin? on: June 15, 2015, 06:10:06 PM
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Well, the lower price of BTC from $700 - $1200 range has not been really great for me.  Other than the fact I was able to lower my average cost basis when I bought more in the $190 - $240 range.  I would have to run the numbers, but my average BTC cost now would be around $300 - $350.
2979  Economy / Economics / Re: Economic Devastation on: June 14, 2015, 05:21:43 PM
...

Yes, TPTB, I understand that the margins for mass-produced products are decreasing (especially as CHINA pushes further into "el-cheapo" bearing production).  And that the returns on high-knowledge products and services will increase in the future.

Peru, alas, is not ready for the Knowledge Age.  And those of us running our bearing company are too old to be active participants in the new age to come.

One of the few areas where knowledge DOES help us is that certain automotive applications require "special pieces".  The OEM car companies wanted to be able to corral owners, where possible, into buying a replacement piece that ONLY they have (that a Korean bearing maker made for Hyundai for example).  WE know many of those pieces, and we OWN the Korean bearing market in Peru.

A mini-monopoly, close anyway and for now (as China edges into these markets)...
2980  Economy / Economics / Re: Economic Totalitarianism on: June 14, 2015, 05:13:37 PM
...

TPTB's frequent references to Martin Armstrong have helped me find many further examples of Economic Totalitarianism.  Today's example is his article wondering why (and explaining...) why no banksters have personally gone to jail since the 2007 - current financial crisis started:

http://armstrongeconomics.com/archives/33417

It looks like Armstrong will be as useful a source as Zero Hedge is for further demonstrations of Economic Totalitarianism.

*   *   *

NO ONE of significance has gone to jail.

NONE of our financial problems have been solved.
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