|
1121
|
Economy / Economics / Re: Russia Bans Several Bitcoin Websites
|
on: January 25, 2015, 05:20:17 PM
|
IT's no use, bitcoiner still can use Tor browser to access bitcoin website
They just waste their time to block bitcoin websites
True, but if we want mainstream adoption that is a big hit against that motive. People that use Tor is a minimum part of the population and they are knowledgeable people, not mainstream people. |
|
|
|
|
1122
|
Economy / Economics / Re: Declining Bitcoin market cap dominance
|
on: January 25, 2015, 05:18:49 PM
|
Ripple should not be on the list, it is not a decentralized "Alternate cryptocurrency".
Ripple Labs marketing folks certainly would not want to be ranked alongside geek coinz, ponzi coinzs, hippie coinz, black market coinz and terrorist coinz. It would be wrong to say Ripple is centralised. It's not. It's distributed. If Ripple Labs marketing folks had any knowledge they would know starting by the name they already lost against something as cool sounding as Bitcoin. Enjoy bag holding. |
|
|
|
|
1123
|
Bitcoin / Bitcoin Discussion / Re: Why Do People Believe Bitcoin Will Replace Fiat?
|
on: January 25, 2015, 05:14:43 PM
|
of course this is possible but have we more power than the banks?
Banks wouldn't exist if Bitcoin or any other crypto took over. Thats delusional. Even if Bitcoin become mainstream, big big big big players (im talking Rothchilds and friends) will still have their banks and dollars around, and will not let the system collapse if it weakens their wealth. They will probably come up with a new fiat or something. Yes ideally we should live in a bankless world but I dont see it happening anytime soon. |
|
|
|
|
1124
|
Bitcoin / Bitcoin Discussion / Re: I'm fucking out. bitcoin will be over soon..confirmed.
|
on: January 25, 2015, 05:09:35 PM
|
|
I think high volatility, defined as high dispersion is not good. That is, if the market had total certainty that the Bitcoin will reach $ 10,000 in five years, its current price, right now, would be approximately $ 9,980 negligible volatility .
If there is volatility is mainly by uncertainty about the future of the asset or illiquidity.
|
|
|
|
|
1126
|
Bitcoin / Bitcoin Discussion / Re: Fork off
|
on: January 25, 2015, 04:50:16 PM
|
|
Imo your socialist or anarchocapitalism dreams are irrelevant to the matter here, which is the fact that we'll eventually need to up the block transactions higher than current value and afaik this requires a fork, so why wait, the more people that is inside bitcoin while the fork happens the more terrible it will be.
|
|
|
|
|
1127
|
Bitcoin / Bitcoin Discussion / Re: How to trade on LocalBitcoins without going to jail
|
on: January 25, 2015, 04:43:51 PM
|
In reality their is plenty of ambiguity to be interpreted between the different laws and department regulations that there is no clear cut guidance as to how to be sure you won't be in trouble. Additionally states have a history of not even following their own rules and regulations in letter and /or spirit.
This being said all the cases have suggested that every targeted sting has focused on very large sums of money - over 10k and the buyer making it known that the BTC would be used for illegal purposes to the seller.
Thus...if you simply limit your sales to transactions under 10k and immediately turn away anyone insinuating the illegal activity than you will likely be fine. Does the IRS and police go after yard sales for not having a proper business license or reporting income on a regular basis?
That whole speech is probably unnecessary and may even hurt you because it sounds like you are deliberately trying to manipulate the system and would look bad to a investigator and/or jury.
Yeah, i don't think the disclaimer is going to work agains the powers that be. We need something and we need it fast. If LocalBitcoins goes down due constant lose of trust it will be a big hit. |
|
|
|
|
1128
|
Bitcoin / Bitcoin Discussion / Re: How to trade on LocalBitcoins without going to jail
|
on: January 25, 2015, 04:34:29 PM
|
|
It's too off putting and too much of a hassle. How can Bitcoin ever go mainstream if stuff like this happens? it sucks that we cannot freely trade.
For all I know they have succeed into making people afraid to trade anymore, im not using LocalBitcoins again.. maybe decentralized exchanges are the way to go? or we need legit regulations? (Gemini)
|
|
|
|
|
1131
|
Economy / Web Wallets / Re: Best online Bitcoin wallet ?
|
on: January 23, 2015, 04:59:09 PM
|
Anybody know an online wallet as secure as blockchain.info ?
No, but why wouldn't you use blockchain.info, considering its the "Official" one tho? Since, like you said, it's the "Official" wallet, it is more likely that some enemies of Bitcoin would want to compromise the website, so it could be a good reason why one would want to avoid it. I still find Blockchain.info safer than all other online wallets though, especially because the funds are recoverable with desktop wallets in case the site stops working. They can't compromise the website, unless they have discovered a way to break the encryptions for the passwords which is impossible. All the best they could aim at is DDosing and thats unlikely as well. A less "official" site could go bankrupt due lack of funding, then my friend you are fucked. |
|
|
|
|
1133
|
Other / Beginners & Help / Re: Do people running full nodes gain anything?
|
on: January 23, 2015, 04:52:18 PM
|
If you run the core 24/7 then you will not have to wait the sync process every time you want spend your money
You can run Electrum or something and do not wait. The thing is the safest way if you are paranoid, I think, to store your Bitcoin (and dont want to go 100% offline) is Bitcoin-qt because you know you have an up to date blockchain locally. |
|
|
|
|
1135
|
Economy / Economics / Re: Biggest Hurdle To Currency Adoption
|
on: January 23, 2015, 04:46:10 PM
|
It will always be the same with any currency. First come first serve, and first comers are taking the biggest risk by investing. How do you solve this? How do you aware everyone on a currency and tell all of them to invest so its equal? it makes no sense.
. . . Great Empire Coin™ (GEC™) is the official currency of Great Empire of Earth and is divisible into cents and mills, and has denominations of mega-, terra-, and exacoins. Earth (i.e., Great Empire of Earth), being an anarchist despotism ( Earth law is licensed to the general public for its [non-mandatory] enforcement thereby), has Writcoin clients serve as one of its heterarchical monetary authorities: anyone may “mint” GE coins; however, the coins have to be “minted” through official channels (e.g., Writcoin) to be guaranteed official recognition. . . . Production hails from the one; therefore, a relevant monitor of consumption does so as well. (Red colorization added.) Can you explain what are you talking about specifically? not sure if I want to click on that .onion link. Why is it an onion site? Also, if you are promoting a coin that is supposed to be perfectly fair, well, we still have the same problem, people will want to amass wealth and the currently wealthy (early investors) will not move to other coin at this point, so the problem persists. |
|
|
|
|
1136
|
Economy / Economics / Re: Is crypto as a financial investment doomed?
|
on: January 23, 2015, 04:42:27 PM
|
Is crypto as a financial investment doomed?
I hope so. I want to use Bitcoin as a currency. Amen. It has become a confusing sideshow in the economy. Bitcoin will be seen as a financial investment for years as people look at it as an asset with potential to grow and not a means of exchange. It will take massive adoption and stability. |
|
|
|
|
1137
|
Bitcoin / Bitcoin Discussion / Re: I love bitcoin but there are some concerns (zero difficulty in the early days)
|
on: January 23, 2015, 04:41:09 PM
|
It's not a problem.
Thank you for your deatailed answer, now I'm ready to put my life savings into bitcoin. We may never know what happened nor why... I assume the first was as bitcoin was aimed at being a financial instrument away from centralization and that was something at the time involving centralized financial institutions?
Yes, I agree, but the date is not so unique because the newspaper item could have been planned days/weeks/months in front. You see there were 5 days where Satoshi turned off his mining machine.
What could have been the reason for that?
Nobody knows (except of himself) May be there was a bug in early code. After fixing it Satoshi was forced to restart mining from some checkpoint in past. Yes, it could have been a bug. I did not think about that before. But what could be the problem with the zero difiiculty days? I mean, the chain is still broken. There must be some concern. But it's not really a problem. The only problem is not being aware of Bitcoin back then to mine shit loads effortlessly. It's physically painful. |
|
|
|
|
1139
|
Bitcoin / Bitcoin Discussion / Re: Bill Gates: "Bitcoin Alone Won't Solve Global Payments Challenges"
|
on: January 23, 2015, 04:04:02 PM
|
|
Bill Gates was at Jimmy Fallon the other night mentioning how in 2030 everyone will be able to do personal banking on their smartphones. He didn't mention Bitcoin specifically tho, but thats something.
He still fails to realize how open source software is needed tho, so of course he is not going to specifically big up Bitcoin, maybe in microsoft they are trying to come up with their own closed source crypto, who knows.
|
|
|
|
|
1140
|
Bitcoin / Bitcoin Discussion / Re: Satoshi was a speculator!
|
on: January 23, 2015, 04:01:21 PM
|
|
Satoshi was a scientist, and that was a theory... scientists work on theories, that is, expectations of the future given certain data that you posses. It made sense for him that as adoption happened, price would go up. And it will, after this earthquake is done. Bill Gates is on the crypto game now, we'll see more and more adoption happening.
|
|
|
|
|
Show Posts
