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This would be great specially in underdeveloped countries, there is a guy making a card that works with SMS and doesnt need a smartphone, so you can do blockchain operations on old ass phones.
I would take extra measures if I had anything bigger than a couple mBTCs tho, right now thats I use in smartphone. I treat my phone like a wallet and my computer (an offline one) as the bank.
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I just don't like a system where everything is set and done at the begining where some people control big ass stakes and make money out of controlling said stakes. PoW is way more dynamic. If big miners get tired, other people will come and self adjust.
Even tho I believe Bitcoin will end up using an improved new system that isnt PoW as we know it.
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Yeah, there's this misconception about Bitcoin where some people think they have to wait 10 minutes after buying a cup of coffee with Bitcoin so it shows up on the blockchain as confirmed, because unless it shows up they aren't fully calm about it. What they don't seem to get is credit cards dont confirm instantly, yet everyone uses it.
I would only wait for the full confirmation if I was buying something big like a car, otherwise it's pointless to wait, you just treat it like a mundane credit card transaction.
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Do you take any anonymous measures like mixing coins before paying and whatnot? or you don't care about what shows up on the blockchain?
I would like to try this but I don't want my name attached to blockchain transactions.
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We've been losing jobs ever since automation became a thing, at a faster rate that new jobs are created.
This is so incredibly false, anyone who has looked at the job statistics will know that you haven't even researched. You are just spouting off your ignorant mouth without any due diligence. When you view the chart below, hope you also factor in the enormous rise in the population over the past 100 years! Of course many more jobs have been created than were destroyed, by orders-of-magnitude! http://www.quora.com/What-percentage-of-all-existing-jobs-did-not-exist-100-years-agoWhat percentage of all existing jobs did not exist 100 years ago?So 47% of all jobs are said to disappear within 20 years; Oxford Study info: The Coming 2nd Machine Age that obliterates 47% of all jobs. - Hraba Hospitality Consulting Then this guy, in response to the study, says he isn't worried about robots taking our jobs, because most of us have jobs that didn't exist 100 years ago. This is Probably a Good Time to Say That I Don’t Believe Robots Will Eat All the Jobs … And I got a bit baffled and ruffled... my response: +Marc Andreessen: 'This probably a good time to say that I don't believe robots… as if to say Retail, Construction, Manufacturing, Service Industry, Transportation didn't exist, etc. VC's get so insulated in their hubris laden world's of confirmation bias and selective perception. BUT, to give the guy the benefit of the doubt, I started researching and couldn't find this info. Do any HR or Economist types know real data on this?  Source: History lessons: Understanding the decline in manufacturing All those new jobs being created are memejobs with no true value beyond keeping the bubble alive. "Well innovation increases productivity which creates jobs in more productive ways." "Innovation which increases farm productivity creates jobs for horses in more productive ways." See how that doesn't work? Services will be done soon too: http://www.ibtimes.co.uk/hotel-staffed-by-humanoid-robots-set-open-japan-this-summer-1487151 |
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It's not going to collapse, basically because we have billonaires on board that aren't simply going to sit back and see how it crashes. As for the hard for for the upcoming 20 MB, only stuck up retards will not be moving to the objectively improved 20 MB block size, the rest will be a bunch of autist running deprecated software, just like there are pseudo abandoned forks that only a few people run for some silly reason, while the rest of the people move on with the times and adopt the better software. We'll get through this, this is nothing.
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Whether you save or invest depends on how much money coming in you have. Personally I like to save most of my money and invest a little in bitcoin. I think bitcoin could be a decent investment in the long run so I plan to hold for a couple of years at least but if bitcoin doesn't really go where I want it to or fails then I'll still have my savings.
Very Rightly said. Make small investments and diversify it into different products. I also believe in investing small amount in bitcoin as the future of bitcoin is secure I can afford to take risk by investing it into bitcoins and hold it for couple of years and trade it when the right time comes. Secure in what way? Secure as a technology perhaps but it could fail as a currency or could run into trouble if the price drops so much that it isn't profitable to mine. Wherever you invest risk factor goes hand in hand. If you think that bitcoin will face as a currency then if u invest in gold stocks their future is also uncertain. You can't expect that their prices will go up in the future but at present the better option is to invest in bitcoin. How would you invest without saving? I mean whose income is average how can he directly go for investment? he need to save first and think of investment in future. Saving is the primary stage for a middle class person and once the savings are done he can choose best possible option. Yeah the people who haven't any saving or a capital can't invest. but in a normal person with have a regular salary should have a saving before they invest , saving can help them to have a capital even if it is not a big capital but still it can invest. Investment have a risk so that you must diversify your capital or your money in different assets. Don't put all of your money in one investment, make a different assets so you can cover your loss in investment with you business. Any normal person is going to need to save for at least a year to have a decent stack to invest with. Investing small time money is simply not worth it. I would say around 1500 USD is a good deposit to start with. But saving 1500 USD for most people is not easy, since only a couple USD can be saved after bills and expenses. |
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how do they track back if some coins are illegally possessed? this isn't that simple as doing it with fiat, mixers, vpn, mixing with other coin such monero ecc.. and all that stuff can basically turn your transaction completely anon, otherwise how you could explain that all these thieves/hackers in the bitcoin world, have not yet been caught
i presume that every money can be confiscated if they appear to be obtained illegally, unless you hides them well
But how does mixing coins anonymity you if they can trace the transaction back to you? they would see a fragmented mess from the mixing on the blockchain, but what explanation would you give? other than admiting that you mixed the coins. |
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If Amazon accpet Bitcoin, that would give Bitcoin a huge advantage. Currently, we can only exchange Bitcoin for Amazon Giftcard through third party like Gyft.
It would be really awesome if amazon will start to accept bitcoin as method of payment, and why not also ebay (we are still waiting  ). However I do not think bitcoin will go mainstream, because we are not ready for it.... I remember when my friend said : ebay is coming, and it will be decentralized, it's called open bazar, i hope it bring some new fresh air to bitcoin, and boost the price Nah I am talking about the real ebay, a lot of people is using it for their daily purchases. Do you think really a lot (yes a lot) of people will start to use openBazaar when it exist ebay (with a simple use of bitpay or other payment processor). Decentralized markets like OpenBazarr are great but they'll take a very long time to get off the ground properly and a long time before the mainstream catches on, much like they have with bitcoin. And I doubt people will want to use payment processors like bitpay with the type of markets that sell illegal items such as drugs. They'll need to look at other ways to move and store money safely. What is the problem in the use of bitpay (I'm talking from the point of view of the buyer)? He use bitcoin, the problem is only that the seller can choose if he can keep BTC or change them for dollars (and receive a bank transfer). This is the unique plausible way for bitcoin to go mainstream, because with bitcoin you can't pay taxes and it is not recognized as currencies by a lot of gov. Thats the main problem i see with BTC, you can't pay taxes so the circle is never fully closen. If we could pay everything including tax and bill with BTC and never leave the BTC system it would be great. But then again, who is going to pay tax if you can avoid it by never going outside BTC? |
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OP hasn't been online since making first post 10 days ago.
The higher the price goes after a FUDster makes a FUD claim, the highest changes that he will never post again, or even log in again. It's funny how accurate this formula is. |
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Truth is, there is no bottom. 2015 hasn't been a great year for BTC so far and at this point I don't feel like we're seeing the price at good times. There's no real support and buy orders indicate that we could go lower with just a bit of bearish activity (like most of the time during 2015). I don't think that we'll ever see an actual, longlasting bottom in the short term anyway.
There is always a bottom, but we can't know for certain, in a couple years we'll learn what the current bottom was when we zoom out the graphic, until then it's speculation but then again this i what this sub board is all about, speculating and having fun doing so. |
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We're still a year out from the next halving which will help the price climb if it doesn't doesn't drop more from here. Price is very accurate right now and showing the real demand. But the real answer is "Time". Give it 2-3 years.
Andreas Antonopoulous said "give it two years", so two years from now we should see something really interesting going on, things should have changed, but I actually hope it happens at a slower pace, lots of us still are stacking up BTC. |
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The problem with taxing the rich, even if it makes sense to do so because like you said someone that has tons of millions is not going to notice a couple millions going into taxes, is that all those fortunes could leave the country you are taxing at. It's such an injustice, but fortunes rule everyone, both us and governments.
And then after they left their companies will be nationalized, and that country will turn into a communist hellhole... Thats why we need a global rich tax, which is a bit delusional, but actually the only solution, otherwise trying to tax the rich cunts of any country will be useless since the rich always have endless fiscal paradises out there for them to store their money at low taxes. Thats a very naive idea. You cant tax the rich, not because they avoid taxes, but because it's impossible to do so for 2 reasons: 1) They bribe politicians 2) They will just pass the cost down to their employees or raise prices (the customer gets it) How about we tax nobody?If nobody is taxed, who pays for welfare and whatnot for those that do truly need it and cannot afford it? |
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The money must be printed by the Ministry of Finance. Do you agree?
Everything should be replaced by Bitcoin, so there is no actual printing needed to be done. Needing to print money on demand = faulty design from the start. |
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Varoufakis addressed before that he doesn't believe cryptos are viable to replace national currencies, or at least Bitcoin, but in this day an age people contradict themselves daily.
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I dont know, but I would love to see Google accepting BTC officially to have AdSense payments in BTC. Even if I dont like the AdSense ridiculous politics, it's still one of the highest paying out there.
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The tattooed QR code is a great gimmick and could go viral, but first we need girls having an idea of what BTC is, otherwise no girl will be using it. The dollar is still king specially with the "make it rain" gimmicks.
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What's next, Karpeles dropping some Putin soldiers on our asses?
The scammers threatening poor scammed people, that's just too low.
Luckly i've never got scammed, since I only trust Bitcoin and my local wallet. Whenever my BTC goes out it only does so for a short time, all alts are shitcoins to me, except a couple.
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Why did Gavin and whoever else choose going from 1 to 20 MB ? I mean, why 20 and no 10, 15 or any other number? whats was the conclusion to get that number, if anything? because it seems like they randomly pick a number to me.
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I've been watching the BTC price for what seems like forever. Coinbase charges 1% in fees. I figure if I can (for example) buy at $225 and sell at $228, then I've made over 1%. It doesn't sound very hard. I will have my coins instantly if I register my credit card on Coinbase, right?
EDIT: Plus then I get to spend more time reading the hilarity scrolling up the BTC-e trollbox.
Trading doesnt sound very hard. just increase your balance 1% a day and you're rich! The catch is that its very hard to win consistently. The days where you lose will make it like taking 1 step forward 1 step back...add in the 1% fees and you start to see its not so easy. Exactly, running a exchange is a business just like a casino, based on the fat the casino always wins statistically. The best is to hold long term, day trading is too hard to predict to perform well. Benefit from shitcoin pumps sometimes if you are feeling lucky, thats that. |
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