Bitcointalk is back online! Woohoo! Bullish  |
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"Just imagine the impact on the price of Bitcoin if the Internal Revenue Service were to start accepting it." Is someone foreshadowing? Makes me think about that other thread "expect big news on April 15th" which is tax day in the USA... https://bitcointalk.org/index.php?topic=959464.0 |
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And then you have the anal retentive bungholes that just come back with capitalism. Well shithead, capitalism is what really ruined the US.  How can such a country with all it's power, technology and resources be kicking families out of their homes because the banks were highly un-regulated and given bad loans? The banks were forced by the government to give loans to those who did not really qualify. But if you want to blame the banks, feel free. The owners of the banks will appreciate that I'm sure. You know those owners, right? They are the working class families you claim to want to protect. They hold ownership of these banks through shares in pension funds. You make it sound like 2008 was created by the Equal Opportunity Housing... The banks were NOT forced to do predatory lending and sell adjustable rate mortgages to people who didn't understand what an adjustable rate was. There was a reason why the Dodd-Frank Act was created, it was due to the predatory tactics used by banks after the 2008 fiasco. |
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Nice hooray for avatars being back!
How do I look? Did I get my good side?
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Is this an April's Fools joke?
Today has made me so pissed off with all the April Fools posts. It took me a while to click on this thread, because I assumed I was going to be fooled again. It was nice to read a real article for once today  |
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Super HODL Bros 64! |
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I came across an interesting comment elsewhere by someone named ozlanthos and thought I would share. I've been saying this for a while now. That the "exchange hackings" are being done by federal agents, or proxies for federal agencies. See unlike FRNs, the government can't ask the Federal Reserve to "print" more Bitcoin. Because of that, they can't keep devaluing the FRN at the rate they were, because the inflation would show in the price of Bitcoin and other cryptos. As a matter of fact, I am pretty sure that is why the Fed stopped QE to begin with, they couldn't hide the rate of release of new FRNs anymore. It's one thing when the FRN is falling in value at the same rate as the other fiat currencies, it's an entirely different matter when there are currencies like Bitcoin whose rate of production is not only fixed but deterministic, and orders of magnitude slower.
In attempts to dissuade people from investing in Bitcoin, the Fed has to distort the value of Bitcoin in contrast to Federal Reserve Notes. They can let the FRN strengthen by cutting back on QE, and increasing interest rates. Either of which will make the FRN a better store of value over the short-term. The problem is that many industries (oil specifically) have become DEPENDENT on cheap money flowing to the banks from the fed. Without the awesome rates the banks were getting (more or less FREE) exploration for sites to frack seems like a lame investment because of the cheapening prices of gas, and relatively low returns by comparison to conventional oil drilling. This negative feed-back loop has already gotten to the point where oil workers are being laid off by the thousands in the US and Canada.
All of this puts the fed in a bad spot. It could buy enough BTC to sell it at a loss, and cause major chaos on our exchanges, but, doing so would lose them money, and the market would correct too quickly for doing it to be worth it. In addition it would make everyone that sold them BTC richer. They could invest in networks to pull a 51% attack, but it would only work for 10 minutes. If they tried to mine, it would put the difficulty through the roof, make miners richer, and cost them as much to mine as it does everyone else. Everyone would know the fed got into mining, and the price would follow the difficulty. They have to steal it, or have someone else do it for them. It is the only way to get Bitcoin other than mining it, buying it (or trading for it...either of which makes traders richer), or selling something for it. Last I heard, they don't take BTC for Treasury Notes.....The markets behave the way they do because "someone" is selling Bitcoin in a way that seems to indicate that they didn't buy it, trade something of equivalent value, or mine it (meaning like they have no regard or concern for how much BTC is worth/costs)....you do the math...
-Oz Wow, I bet there's so much going on that we have no clue about. How deep does this go? |
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Completely serious and not being rude, but building some patience and self discipline is all you should need. Just compare it to something that takes much longer and then 5 years doesn't seem so long anymore. For example, how long until your 401k matures so you can withdraw penalty free? How much longer do you have to pay on your mortgage? How long until social security? Etc.
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Anyone hear of the altcoin shitcoin section?
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So the Winklevii are pretty bad at projecting launch dates, huh? Q1 in the USA is over in a matter of hours.  |
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250, 200 or 150 ??
240 ish this time or more, at about april fools a new long road towards a new ATH begins, so I hope everyone is buying as much as possible for the rest of the summer. Let's see tomorrow if your prediction holds true. I think it's possible, seems like the bear market is over. |
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Those who can hang on through the shake-out will be quite happy.
All of 2014 was a shake out. How many more shake outs do we need? Personally I'll hodl all the way to zero. If you think about a government or big company that feels threatened by bitcoin you can come up with possible ways they would try to hurt the currency. They can't stop the internet without causing serious collateral damage, so that's not an option... what else, bad press? It looks like demonizing bitcoin has already been tried and it hasn't stopped bitcoin... so they are left with trying to suppress or drop the price. So they can try to drop the price as long as they like, I'm not selling. You can't put a lid on a rocket. |
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Did this party die already? C'mon fellow permabulls, I know we can throw a better party than this! |
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please, don't open any faucet pays directly to the bitcoin addresses. it's creating garbage on blockchain with so many micro transactions.
Shouldn't we use this as an opportunity to improve bitcoin's transaction and bloat limitations? What if bitcoin were to blow up and become the most popular payment method next year? We can't tell people not to send micro transactions. I think we should find a way to adapt to it instead of trying to quell micro transactions. |
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I'd say new user stats on here is a much, much more meaningful statistic than google searches. It takes some proper commitment to sign up here rather than type 'what's this bitcoin drug paedo shit' into google and then go and look at some tits.
R/bitcoin has 100,000 more subscribers than when I joined. There's 300,000 more joins on here than when I signed up. It's a long way from anything exponential but it's chugging steadily onwards.
That's an excellent point. /r/bitcoin and bitcointalk are the two largest communities in bitcoin land. I think my personal path through the different communities was btc-e trollbox, then to reddit then to bitcointalk. Using new users as a metric of adoption/interest is as good as it gets. |
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Another week's payment received! No issues, great campaign!
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I think the get rich quick crowd has been leaving over the last year. There's less people searching for it because they searched it before, read a word they didn't understand and closed it out. Then they probably heard a lame news broadcast or youtube claiming that bitcoin is dead, or another hack, or something so they think they already know what bitcoin is. But that's fine, the lull should be a good thing while we work on more infrastructure around bitcoin. Give it another year or two and there should hopefully be something new in the bitcoin world that the general public will find useful.
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350,000!!! I'm so happy I could cry!!  |
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349999!!  We're almost there. Who's going to get the champagne ready? |
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But where does bitcoinQt store the private keys? Isn't it just is some local .dat file? Why can't a hacker easily find that file and copy my private keys?
They can. There is malware out there that scans for wallet.dat files. Securing your wallet.dat files with a good password is recommended. These are all hot wallets so they can't be 100% safe. TBH places like coinbase and circle are a really good hot wallet option with 2FA. Personally I use electrum and circle for my hot wallets. |
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