Bitcoin Forum
May 05, 2024, 07:18:04 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 [7] 8 9 10 »
121  Economy / Speculation / Re: I AM HODLING on: July 09, 2014, 05:29:02 PM
Holding also, will buy more if it drops.
122  Economy / Speculation / Re: Bitcoin will rise and everything else will die? on: July 09, 2014, 05:28:28 PM
but I don't think they will ever even come close to becoming main stream.
Don't be so sure...

http://www.coindesk.com/holytransaction-bets-big-universal-cryptocurrency-wallet/

If more things like these appears and Bitcoin becomes mainstream, altcoins still have a chance.

Most alt coins have crashed badly in the last 1-2 weeks. Hard to see them come back at this stage.
123  Other / Politics & Society / Re: An Analysis of HOW America Fell in the Shitter on: July 08, 2014, 03:20:32 PM
When you suggested Nixon cared about the people I couldn't continue reading.

However bad you think Nixon and Kissinger were, they were doing what they think were right at that time.

I refuse to believe this.

Why is that?
124  Other / Politics & Society / Re: Racism in America on: July 08, 2014, 03:19:18 PM
I can't help but notice that they never complain about all of the white people on welfare, which outnumber blacks by huge numbers.
Why is that?

Most likely because people think US is build by Caucasian and hence it is ok for them to be on welfare while it is not ok for immigrant and black.
125  Other / Politics & Society / Re: “What are we going to do for the people who are here who are starving already?” on: July 08, 2014, 03:17:21 PM
This video made me sad.  So much hatred and racism on display.  I think the largest error in thinking is that immigration is a zero sum game, in that either Americans or immigrants benefit, but not both.  There are already millions of undocumented workers in the country, and America is a better place for it.  They are Americans, as every bit as my European grandparents, just trying to make a better life for themselves.  If you were in their shoes you'd come here too.  And I wouldn't blame you. 

Why not trying to make a better life in their own country?

If their own country is that corrupt, it is their duty to vote out and fight the current regime rather than pack their bag and move to country that has already make that sacrifice.
126  Other / Politics & Society / Re: Wired: How to Anonymize Everything You Do Online on: June 26, 2014, 09:39:52 AM

You can browse the forum and visit the registration form, which does not seem to block. I think it's allowed  Smiley


Quote
Problem with Tor and IP2 is that onion routing in a low-latency node based network is a fundamentally flawed concept. If you want anonymity against the feds, we will need a different conceptual design.

The way TOR is constructed is indeed drawing attention. I think, in order to have anonymity, a new conceptual design is needed as you mentioned.



What seem to be the issue on TOR network?
127  Other / Politics & Society / Re: Decentralized resource allocating systems on: June 26, 2014, 09:36:33 AM
It isn't possible without a a governing body to regulate population growth.

The current system we have, do you believe people in the 1st world country willing to share resources with the people in the 3rd world country? Or more likely take what little remaining of what they have?
128  Economy / Economics / Re: Working in USA on: June 26, 2014, 09:33:20 AM
The US is not the place to be looking for employment.  Our government increasingly seems to be discouraging work.

Because discouraged worker isn't part of the unemployment number.
129  Economy / Speculation / Re: A Single Bitcoin will Worth $100K - Do You Believe it? on: June 26, 2014, 09:21:21 AM
Now they say it will be $100K in the USD...

Well what if the USD is worthless?  What if the USD is worth tons?  How can they make such bold predictions like that?  

Anyway....Would be insane if it every happened in today's standards as far as the USD goes.  I for one would absolutely love it...

USD is expected to go down the way GPB did when British lose their empire.

If you are borrowing USD to buy bitcoin and bitcoin/usd pair went up many folds, then you will do very well if you are right.
Not really a student of history are you? UK Is still one of the wealthiest economies in the world, even without it's 'Empire'! US has barely managed 60 years of 'Peaking'  and it's throwing it all away with insane monetary policy to service the truly wealthy who are actually running your country. Don't get me started...

Wealthiest in what way? British were bailed out by the IMF in the 70's because no country will lend them any money.

They were lucky to pump additional north sea oil in the 80's (and peaked in mid 80's). Now that the oil is drying up, and international financial center is leaving London, what industry can replace these two gigantic source of income?



130  Economy / Speculation / Re: Race to launch NY’s first regulated bitcoin exchange - 6/25/2014 on: June 26, 2014, 09:13:43 AM
So, is it news or just rumor?
131  Economy / Speculation / Re: When are the silk road coins sold ? on: June 26, 2014, 09:10:28 AM
Auction is tomorrow.
132  Economy / Speculation / Re: BTC drop to next level coming...bail the F out now! on: June 26, 2014, 09:09:07 AM
BTC will always be volatile.

People with no stomach to withstand volatility better off investing in something else.
133  Economy / Speculation / Re: Ross Ulbricht 140k bitcoins potential auction and market crash in future. on: June 26, 2014, 09:05:18 AM
"If SR gets busted, don't you think bitcoin will crash to ZEROOOO!?!?!"


Bitcoin price did crashed 30% once the news of busted become public information. The price recovered an hour later.
134  Economy / Economics / Re: Transfer Fiat Currency Between Exchanges? on: June 26, 2014, 09:02:44 AM
The exchanges will never allow transfers directly on another exchanges. They can't because of the law.
This is not necessarily the law, but rather would make it much more difficulty to do AML due diligence so much exchanges would likely prohibit it.

One way to get around regulation is to have each exchange have bilateral deal.

Each one granting each other certain amount of fiat credit and settle it every few days. Then implement another portal on each exchange to grant user credit.

This will by pass all the AML rules in place and not really violating any existing rules.
135  Economy / Economics / Re: Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat on: June 26, 2014, 08:58:09 AM
Searching for anonymous coins that don't have serious flaws.

http://www.neutrinocoin.org/neutrino_white_paper

Problem is as I wrote upthread that Tor is compromised by national security agencies, which are reporting to tax authorities and the G20 are going to be cooperating to track down and confiscate all wealth as the global liquidity crisis collapses in a contagion stampede circa 2016 to 2024.

The use of hidden services does not ameliorate the issue, because the adversary can see all (encrypted) traffic and correlate patterns with timing analysis because the traffic is low-latency. As well, Tor relay servers are likely honey pots. Sybil attacks can be used to flood Neutrino nodes with adversaries which can then can full access to decrypted transaction and mining information and correlate it with the sending node via this global analysis.

Tor and I2P employ low-latency Chaum mix-nets, which are fundamentally flawed concept that can't defend against such a global adversary.

So, which browser can guard against eavesdropping ?
136  Economy / Economics / Re: Quantitative Easing on: June 26, 2014, 08:29:04 AM

QE would need to be taken away very gradually.

Even with QE Japan has experienced deflation


QE in Japan doesn't work because price level has gone to unrealistic level. Property and security price are governed by yield and return of investment, if they go up to unsustainable level, the cost will of course need to go down. Printing a lot of money will only make smart money leave the country to seek better yield and reasonable ROI business.
137  Economy / Economics / Re: Working in USA on: June 26, 2014, 08:17:55 AM
The recent decrease in unemployment rate is masking people leaving the work force and not applying for jobs anymore and new jobs being low skilled low paid part time jobs
If you're looking for the jobs that'll REALLY be a kicker in America, it's anything that's low-priced, or a daily necessity.

There will be lots of Walmarts and McDonald's openings, as people buying said products is very common, and thus the companies can expand their operations rapidly.

Daily jobs, however, are anything from plumbers to electricians to guys who can do anything other people don't want to do.

I know people that do said jobs, and they get quite a nice salary from the demand for simple things.

But I'm not sure how long that will stay for, it all depends on supply and demand.

Wallmart products will be increasingly more expensive as the USD depreciates against the Yuan because most Wallmart products are imported, maybe it will change when producing in the States will become more interesting but there will still be a huge cost to support the huge public sector; politicians don't eat for free and don't drive their own cars

Walmart also has a huge amount of control over it's suppliers as they are such a large customer. If the US dollar were to weaken too much then Walmart could demand that their suppliers either cut costs, move someplace with a weaker currency or deal strictly in dollars.

Labor cost in the US is too expensive.

As for putting pressure on suppliers, Walmart can not push the cost down below production cost and labor cost.

they could get their suppliers to move production to locations where the cost of production is lower

To have low production cost, a country need good infrastructure such as cheap electricity, efficient power grid, good road and highway, cheap and quality labor, efficient port and good transnational transport system in place as well economic of scale to bring down the cost.

Which country beside China has all the condition in place to support low production cost?


138  Other / Beginners & Help / Re: [Please Help] Reasons for the Bitcoin all-time-high 2013 on: June 26, 2014, 07:59:51 AM
I'm not convinced that the "Willy Bot", if it existed, was really responsible. There was an incredible surge of buying on BTCChina from the SR crash on. I still feel it was China-fueled.

100% of the rally is due to china fueled. Some Chinese were using bitcoin to channel money out of the country.
139  Other / Off-topic / Re: what does my trust rating look like on your end? on: June 26, 2014, 07:43:13 AM
-1: -1 / +1(1)
Warning: Trade with extreme caution!
this is part of the problem. i have over $20,000 in good trades without escrow but some people are still seeing a fucking warning under my name cause fucking el cabron left me BS feedback even though he is a known troll who is accused of scamming and is currently banned. why the fuck is he in the default trust list and how do i get on it?

this system is so sloppy.

People don't trade based on one feedback alone.
140  Other / Off-topic / Re: Oh my god did you guys read this, seems like fantasy is becoming reality on: June 11, 2014, 07:44:21 PM
I believe a day will come, where we will really have one or more than super power, although majority of people will refuse to have implants in their brains.

One thing would concern me is losing freewill and being controlled by implant.
Pages: « 1 2 3 4 5 6 [7] 8 9 10 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!