A heads-up for intrepid investors & finance enthusiasts: CryptoTrade is soon 2 B no moar. Total warning given: 2 days: Important Announcement!
Due to very low volume and lack of good userbase, Crypto-Trade has decided to shutdown permanently due to inability to cover its expenditures on rented servers , staff salary and site promotion. All the users are requested to withdraw their funds within 48 hours.The site will continue to process pending withdrawals till our private wallet is empty. The site will go offline on 29th January 6:00 UTC. According to self-issued depressing .pdfs financials, Havelock has been operating at a loss throughout the span covered by these lulzy excuses for not paying their shareholders documents, so faring no better. When If Havelock finally shutters, your legal recourse against [allegedly] Panamanian Anons will be none. Consider this when "investing" in "securities" on offer there. ~Happy Investing! |
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value is not equal to the price.
When talking about money, it pretty much is. |
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I read in Wikipedia that electricity is free is Turkmenistan. So, that should be the preferred choice to set up a mining firm.
Ohnoes, ur too late! "Turkmen President Gurbanguly Berdymukhamedov said his government is planning to end the unlimited supply of free natural gas to citizens." Seriously tho, "free to households" != "free to foreigners setting up mega mining farms to exploit unmetered electricity." You'd probably be shot, or, since we're talking about a *stan, more likely hanged--bullets cost money. |
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... makes me quite calm what the threat of this happening is concerned.
To be clear: Bitcoin is unlikely to ever reach zero. As long as there's one guy with a netbook running a couple of nodes, it'll have *some* value. I've also been hearing much prognostication re. price: $10k by last Christmas was pretty common, one (certified & institutionalized, recently released) lunatic even promised $300k. Sadly, those numbers were reached as often as $0  |
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...you can't win if you don't take a risk.
Isn't that from a Lotto ad? |
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I think we'll go up this time...
-But Bullwinkle, that trick NEVER works!   -This time, FOR SURE! |
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 ... Those CoinTelegraph pics... The first word that comes to mind is always  Wonder if intensional? |
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Screencaps are meaningless and could be faked by anyone with basic HTML skills.
Remember how long it took Ethan (Burnside) to wind down BTCT.co?
TL;DR: There's basically nothing you can do without Ken's/CryptoTrade's help. Forget about it.
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The market is "training" people to think that all rallies will end quickly...
Yes, Smith's Invisible Hand keeps smacking Bitcoiners upside the head. Pavlov's dogs woulda learned, Bitcoiners? Not so much... |
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^Just meant that (at first glance) it seemed to be overly complex. Didn't fully grasp what you were trying to do, though. It would probably be a bit easier if you posted something like pseudocode, like mmitech suggested.
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^I see what you did there...  Nope, still not gonna work  |
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Here's another one: side-ways.
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Are these P2P exchanges aiming on such a platform?
P2P exchange is the finance equivalent of Douglas Adams' Infinite Improbability Drive. Sounds cool until you think about it. |
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...It could go to 0 and I would still have made money on my initial investment.
... Hear this all the time, a variant of "I'm playing with house money" goofiness. No, you're not playing with house money. You're playing with YOUR money, it's yours now. The fact that you have made money in the past doesn't alter the inadvisability of losing [a part of] it now |
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If a digital currency replaced a fiat currency, wouldn't it then in fact be fiat?
Depends what you mean by fiat. The word itself means "not voluntary", but in the context of economics, it is taken to mean "a virtual (valueless) currency" because those are the currencies that people will not use by choice. Bitcoin is new. It is a fully virtual currency, but not one that anyone is being forced to use. Kinda hard to call that fiat. We need a new word to describe it. Fiat: A Latin word meaning “let it be done” Currencies can be classified into two monetary systems: fiat money and commodity money.--wikip "Fiat money" is money that's not backed by a physical commodity, e.g. precious metals. It is typically backed by governments, Bitcoin's not backed by physical commodities. Nor is it backed by governments, so yah, it's sorta hard to call it fiat. Or "currency," for that matter |
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...Cartivex is also working fine, I can withdraw fiat and bitcoins no problems. ... Canadian.  |
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... Anyone making decisions based on Stamps order book has gone full retard.
Can we fix it? Yes we can!  |
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But even if it "goes to the moon", the current holders of bitcoin would be able to take hundreds of billions of wealth from the society without ever having done anything in return. I don't know whether that has a name, but it could be called the "private money scam". Namely, someone issues some money-like thing without any backing, keeps a large fraction of it for himself, and tries to have others accept it as currency. Once enough merchants accept it, he uses his stash to buy caviar and Lamborghinis. That is what governments do when they print money ... Yeah, but this is, like, different, man... We're Disruptive BlackSwan Revolutionary Technoliogists, we totally deserve it!  *Always hated fish eggs. |
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Jorge, out of all the Bitcointalkers I follow you would be the last to get scammed, the only hurdle you need to overcome is understanding the system and buying a few Bitcoin.
... You there, young man! Yes you, hold up there! Soon as I lay my eyes on ya ah thought to myself: "there goes a feller who's SMART, been to the city and universities I betcha! Ain't no fast-talkin' hustler gonna pull one over on this sharp lad, no sirree! So... Now that we know each other and practically family, how many of these here valuable shiny coins are you gonna be wantin'? |
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Dammit, I guess we can now continue with downtrend.  The first exchange to pwn Bitcoiners before it's even open |
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