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1261  Alternate cryptocurrencies / Altcoin Discussion / Re: Goodbye, Bitcoin on: June 09, 2015, 12:01:57 PM
Bitcoin-QT is only supposed to be run by people with the hardware and bandwidth needed to run nodes, not as a user friendly wallet. There are other endless options, fast and instantaneous like Ellectrum. I would still like to see it improve and be more lightweight, but it will eventually happen along with more features. They are working on the fundamentals now. We aren't even 0.2 ffs.

Anyway, enjoy your PoS POS.
1262  Bitcoin / Bitcoin Discussion / Re: Epicenter Bitcoin interview - Mike Hearn on: June 09, 2015, 11:59:39 AM
Interesting Interview and while I respect Mike Hearns' insights and work I think he was being a bit unfair and mischaracterizing some of the other developers arguments.

Has Hearn or Gavin addressed the math error that led to 20MB instead of 8 MB yet?

https://www.reddit.com/r/Bitcoin/comments/37vg8y/is_the_blockstream_company_the_reason_why_4_core/crqgtgs



I wonder what could have happened if Gavin forked to 20MB before anyone realized there was an error on that calculation. Gavin has definitely lost credibility after that mistake.
1263  Bitcoin / Bitcoin Discussion / Re: Time to pack it up on: June 09, 2015, 11:57:11 AM
Meanwhile in real life:

https://blog.xapo.com/announcing-xapos-advisory-board/

Quote
Dee Hock is the founder of Visa, and is responsible for effectively creating payment systems as we know them today. “Bitcoin represents not only the future of payments but also the future of governance,” Mr. Hock said. “We live in the 21st century but are still using command and control organizational structures from the 16th century. Bitcoin is one of the best examples of how a decentralized, peer-to-peer organization can solve problems that these dated organizations cannot. Like the Internet, Bitcoin is not owned or controlled by any one entity, so it presents incredible opportunities for new levels of efficiency and transparency in financial transactions.”

That's right. Keep dumping your cheap coins, the mastercard guy will eventually backpeddle and get on Bitcoin when you already sold, just like everyone else.
1264  Economy / Speculation / Re: Condolences to the bitcoin die hards on: June 08, 2015, 01:26:12 PM
... Have fun missing on the lifetime boat you plebs (specially now that's as cheap as it gets for such a long time).

That's what I've been hearing all the way down from $1,200 Cry

Sooner or later enter at 1200 or at 220 won't matter, just like enter at $2 or $10 some years ago looks irrelevant right now

True. In 10 years from now when you go to Bitcoinwisdom.com and check for the alltime graph, the 1200 ATH will look like a small bump.
1265  Economy / Speculation / Re: Read this: If you live in Thailand and have a Thai bank account. on: June 08, 2015, 01:03:59 PM
This only means coins will go from more clueless panic seller into intelligent long termers. Same good ol story of not having a vision beyond your horizon in your investments. Keep dumping.
1266  Economy / Economics / Re: Will a bank being hacked boost adoption of bitcoin? on: June 08, 2015, 01:01:02 PM
Everytime someone gets screwed by banks is a potential new Bitcoin user. Look at the Cyprus incident and look at Argentina where they are getting fucked on a daily basis by gov and banks, where the use of Bitcoin is higher than other countries in average.
1267  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: What coin now reigns supreme? on: June 08, 2015, 12:57:00 PM
yeah I definitely love DASH, never messed with XRP tho.

I think XMR is better than DASH, XRP is definitely trash and only good to enjoy some gambling with their pumps and dumps, other than that i wouldn't holding it.
1268  Bitcoin / Bitcoin Discussion / Re: The MOST COMPREHENSIVE LIST of potential Satoshi candidates on: June 08, 2015, 12:52:51 PM
I like the idea of David Irvine being Satoshi. Maidsafe is an older project than Bitcoin, therefore there is a solid possibility there that something spawned Bitcoin while developing Maidsafe.
1269  Other / Politics & Society / Re: ISIS Is Moving Money Using Bitcoin Aiding Recruitment, Training, And ? on: June 08, 2015, 12:50:47 PM
These FUD articles have a positive impact sometimes, me and a lot other people I know got into BTC because they saw it being mentioned in similar articles in mainstream media, the problem is most people will never go beyond "oh well, this is bad" and unfortunately will getting in now while its cheap as hell.
1270  Economy / Web Wallets / Re: How are wallets like XAPO earning money? on: June 08, 2015, 12:47:34 PM
Xapo has a long term storage service that they charge their customers for.

So it's actually the opposite? OP makes it sound as if you can make money off having your BTC stored there like a bank gives you some interest.
1271  Economy / Economics / Re: Gold Losing It's Shine? on: June 07, 2015, 03:55:15 PM
...

deisik & bryant.coleman

Paper gold may have some worth now, but eventually it will not.  At that point, gold  is likely to jump in price by at least an order of magnitude.

"All paper will burn."

-- ANOTHER

*   *   *

Physical gold in your own possession is the key to the Store of Value marvel of gold.  When will this happen (paper gold to zero, physical to the moon)?  Beats me, but it feels like it will not be long.

I was thinking it might happen in 2009, but that's just me...

It was not just you. I remember it well when a lot of experts, semi-experts, and pseudo-experts claimed gold soon skyrocketing to 2,000$, 3,000$ and over 5,000$ per ounce back then...

There are always exaggerated claims with everything. But the difference with Bitcoin is, Bitcoin is something totally new and unparalleled with potential to disrupt the very definition of money, while Gold is Gold, and can never have new uses and will not disrupt institutions and technology.
1272  Economy / Economics / Re: If Greece defaults on: June 07, 2015, 03:53:30 PM
They've been saying for ages now "We are at the verge of a Greexit" but there is always one more month.. that by the time things get really serious, no one will believe any of them. Good ol boy cried wolf story.
1273  Economy / Economics / Re: Millennials trust Bitcoin more than Fiat! on: June 07, 2015, 03:49:45 PM
I have never meet a millennial (millenial is born in 2000+ I guess?) that is into Bitcoin, not in a forum or not in real life. I think the next generations will grow up with an already perfected and mainstream Bitcoin and it will be second nature for them.
1274  Other / Beginners & Help / Re: How earn 1BTC a year? on: June 07, 2015, 03:48:10 PM
I think signature campaigns should be adapting their prices in relation to the Bitcoin price. A couple a months ago some people were making 0.4 per month with PrimeDice and BTC was way expensive back then. The less expensive BTC is, the more they should pay.
1275  Bitcoin / Bitcoin Discussion / Re: Bigger blocks don't scale! on: June 07, 2015, 03:45:33 PM
Bigger blocks do not scale. It's just kicking the can down the road and opening a can of worms.
Offchain transactions do scale on the other hand. You can have as many offchain txs as you desire.

Comments? 

We will reach a point where 1MB is not enough, offchain or not.
I agree that minimum treshold of small transactions should be active so micro transactions go off the chain, and "normal amount of money" transactions stay on the main chain, but guess what, even 1MB will eventually not be enough.
1276  Bitcoin / Bitcoin Discussion / Re: Welcome to Bitcoin's Boring Era on: June 07, 2015, 03:42:40 PM
In what part does he say the boring thing? Not in your quotes.
Anyway, for me Bitcoin right now is exciting as ever, but clueless people only look at the price for excitement, and the price has been on a pretty solid 200-300 range for a while, which is excellent news to anyone with a brain (this means more time to stack up entire units of BTC, will will be mission impossible in the next years).
1277  Bitcoin / Bitcoin Discussion / Re: Methods of growing your Bitcoin? on: June 07, 2015, 03:39:15 PM
P2P lending and cloud mining are the first things that come to my mind. Lending can be risky, so you need to be sure of who you're lending to. It's definitely safer than gambling though..

Have you tried btcjam? Or another website? I have long wanted to try P2P Lending. I have been registered there, but never lent someone money.

I would have invested already, but I keep reading how there is a lot of people complaining about people not paying back the loans, let alone the interest, and BTCjam does nothing about it..
1278  Economy / Economics / Re: The Internet is Changing the Very Definition of Money on: June 05, 2015, 03:56:06 PM
Our current money was never designed with the internet in mind. We are dealing with deprecated forms of money in the modern internet era, this is why Bitcoin is the objective superior way to move and store value. Those that get it now, will reap the benefits later, this is pure physics.
1279  Economy / Economics / Re: Best website to give out loans? Btcjam or ? on: June 05, 2015, 03:53:58 PM
AFAIK you can provide a minimum of 1 satoshi loan in btcjam. The main point about this lending platform is that multiple people could work together to provide a loan to someone. Therefore the risk for it is split among the lender as well as the interest for the loan.
This enable you to split up your "investment" to several loan and minimize your risk therefore if someone defaulted the loan, you are not suffering from providing 100 % of it.

While it is true that I can split up my investment among multiple loans, my ultimate goal is to make profit that is a % on top of what I have given to someone. In case, say 3 out of 10 do not repay my loan and the remaining 7 do, in the best case scenario I will have the same amount of coins than what I began with. Hence, what is the point of investing? Had I left my coins in my wallet, I would be at the same point without the risk of losing.

This risk is unfortunately in every investment business, however in this case it is more expressed. I can only see that my money will be used to "buy more hardware for mining" or similar, but I am often not given additional details and expected profit. Some borrowers do, which indicates they are more serious, whereas others give only vague description of what they do with the money.

Unfortunately I had to agree with it , atleast I had not stated that it is risk-free but it could minimize your risk , these are two different term though. Basically people loves to get more than what he/she has currently thus it cant be avoided that people love to lend to get interest and those who own the lending platform is the only risk-less in this case.
Well, it is not hard to identify a potential scammer on lending platform as scammer tend to not verify their data because it will be bad for them if their data were to be exposed to the lender though

P.S : However keeping your stash of coins isnt considered risk-free as well as the value of it may drop

If BTCJam does nothing to try to catch the people that don't pay, then whats the point of BTCJam? It should act as an agent that guarantees those that request a loan pay the loan, and if they don't, the minimum they could do is give your money back (even tho in the banking world, if you don't pay, you have to pay even more to the person that gave you money).
1280  Bitcoin / Bitcoin Discussion / Re: Circle Android app has 10,000 to 50,000 downloads. on: June 05, 2015, 03:50:16 PM
I am an archaic man in this sense. I have still not left Bitcoin Core personally, and some paper wallets. I have no idea how all those online services work except the blockchain.info wallet.
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