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1  Bitcoin / Bitcoin Discussion / Re: How to present BTC to Newbies ? on: January 15, 2016, 07:51:16 AM
You're right, because day-to-day fiat functions very well.  People get paid in fiat and pay rent in fiat and everything else.  Why would I suggest that someone exchange their relatively stable currency for a digital one whose volatility can be breathtaking and whose legal status is subject to the whims of government?  And a currency that offers none of the protections that banks offer?

These are the questions I can't seem to answer myself.
2  Bitcoin / Bitcoin Discussion / Re: Is it a waste of time mentioning Bitcoin to friends and family? on: January 15, 2016, 07:48:51 AM
No, just because your not seeing any results from the efforts you've made til now for introducing bitcoin, doesn't mean it's a waste of time... I would have surprised if they understood how it works and how great it is in terms of use and its potential... I've tried to go step by step since I'm the only tech person in my family (it sucks) and explaining to them the BTCitcoin is like explaining a college algebra to a elementary kid so it really takes time before they get a piece of how it works...I'm getting close there but it's just really hard teaching non tech people about it specially if their old...I suggest to gather them all up and try to compile some videos from YouTube that explains it real good and let them watch from time to time... I've seen positive results this way in shorter amount of time since the known speakers of BTCitcoin community do know how to attract people to BTCitcoin
3  Bitcoin / Mining / Re: Placing machines outside on cold winter? -20 on: January 15, 2016, 07:37:09 AM
Oh for sure, they do these kinds of things and they can be done but they are in situations where they're basically using commodity hardware (for them) and have environments where the failure of a machine, rack, row, or even in extreme cases entire data centers doesn't translate to lost service to customers. They can afford to be pioneers and push the envelopes. Most of us simply don't have this type of ability in our houses. They save money on power / cooling equipment and just accept a potentially higher MTBF of server equipment. I worked at a "big company's" data center in Seattle for a while where they had a tent outside that was basically protecting servers from the rain. Intel did similar things. These types of endeavors are what have helped open up the TC 9.9 operating window. It used to be a max of 68F back in 2008 (iirc) but it has since been raised to 80.6F for the cold aisle (inlet) and even in some classes of machines as high as 104F
4  Bitcoin / Mining / Re: Daniel Mross paid 2700 BTC to ButterflyLabs in 2012 for 25 Gh/s on: January 15, 2016, 07:34:48 AM
The prices are bound to rise; may be tommorrow or in near future. Rise in currency price would encourage more and more people to get involved with bitcoin community which could also help in broadening the reach of bitcoin. Investments from our predecessors helped it to evolve into something we've embraced and our investment and effort will shape its value for future bitcoin enthusiasts.
5  Other / Off-topic / Re: Worst mistake you did with Bitcoin? on: January 14, 2016, 06:50:11 PM
Ahh. That was one of the worst mistake I make other than cloud mining. I made a thread saying that I will update it once I make a profit (or maybe not) during June on YoBit.Net. The first week went good. Make some profit ~5%. The second week was bad.. I almost lose all my Bitcoin. So I stopped updating the thread. Wanted to start training on Bittrex but.. Afraid that I might make the same mistake again. Currently, I'm holding Bitcoin and some other Altcoin with good daily volume such as Hyper.
6  Bitcoin / Bitcoin Discussion / Re: How to present BTC to Newbies ? on: January 14, 2016, 06:48:14 PM
Take the btc paper, and give to read. Some times could be the best answer to all doubts.

"If you don't understand how it works doesn't mean it doesn't work!"

Something like this, but stop joking
Make a brief summary of what you think btc could improve...
like "privacy", "banking system" and so on... I think every one of us noted a peculiarity on btc itself and know what can make the difference, and could help the "common user
7  Bitcoin / Bitcoin Discussion / Re: Is it a waste of time mentioning Bitcoin to friends and family? on: January 14, 2016, 06:46:12 PM
It is worth talking to people about it even if it is just laying the foundation, sooner or later they will hear about bitcoin in the news and from other sources and will already have a little bit of understanding. 

It is always worth mentioning this forum as a place to go to start with then they can do as much or as little research as they like, there are also faucets which they can use to get some satoshi so they can see how it all works.

I have spoken to a few people but interest is quite low although when the price shot up last week they seemed a bit more interested
8  Economy / Trading Discussion / Re: How many people buy or sell Bitcoin locally on: January 14, 2016, 04:30:58 PM
yeah you are right but the thing is its quiet hard to find a local seller for everyone but online sellers can b approached easily so its a 50-50thing both have its merits and demerits and by the now days market is down so most of the people are earning bitcoins and savings them and trusting someonw with your bitcoins are risky too . But i like the localbitcoin escrow system
9  Economy / Economics / Re: Do You Think Bitcoin Will Replace Dollar Soon? on: January 14, 2016, 03:41:48 PM
What I think is a better discussion to have about this is why would we want Bitcoin to be the world's reserve currency. Existing fiat currencies are controlled and manipulated by Governments and Banks. Do you think these people are going to just let Bitcoin exist without their involvement or blessing? Do you think these people aren't going to want to have control and option to manipulate Bitcoin as they have fiat?

I think the answer is No!
10  Other / Off-topic / Re: Will you quit your day job to go full time on bitcoin? on: January 14, 2016, 03:40:03 PM
well that will depend what job u do and how good you are at bitcoins and whats is the current ecnomic value of bitcoin there are quiet a lot of factors affecting this decision and i am sure more and more people will think about it in future when it become much popular and price will be raised of bitcoin. so if you are a student then here is the better place to study ceyptography but if you are a family man and really want to earn money then you can quite a day foe it but it will surely affect your reputaion in the job
11  Economy / Economics / Re: Is it a good long term investment to buy 1 BTC today? on: January 14, 2016, 03:31:52 PM
yeah its a fine idea to buy a btc today as many of ecnomiists think that btc has a godd and bright future and value will only raise as it gets more renowned by the people and the day is not far away when it will be started as currency over dollars. But as we know bitcoin network is very volatile like chemicals so yes it worth as long term investment but it will be more safe if you keep a boundy that on reaching 600$ you will withdrawl your coins
12  Bitcoin / Bitcoin Discussion / Re: How is bitcoin most important to you? on: January 13, 2016, 07:42:19 PM
Satoshi has made the very first instance mankind is able to share a highly-accessible, Immutable database. All data on it cannot be fudged, even by governments or hackers. If money is your data on it (like bitcoin) then that means you can't counterfeit that money. If your will or business docs are stored on it, then unlike every will and business document today, you know it will always be safe, secure, and accessible forever in the future.

 It absolutely bypasses government control over money leaving its' borders. Don't let anyone ever tell you that they'll be able to stop this eventually; the protocol will not recognize such attempts, and forever forward money just won't care how governments want it to behave.
13  Bitcoin / Bitcoin Discussion / Re: Bitcoin becomes one of the biggest Investments by all the Major Banks in History on: January 13, 2016, 07:34:46 PM
The one basic issue is that the value of bitcoin is not "pinned" to anything obvious.  For example, if you buy Apple stock, that is connected to the well being of the Apple corporation.  With bitcoin, it's not immediately obvious what influences the price of bitcoin, which makes it less possible to figure out what can change prices.

The other issue is that bitcoin is still quite new, and there is still a lot of room for "unknown unknowns" and "growing pains".  We've been trading stocks for hundreds of years, so a lot of the failure modes are well known.  With bitcoin, we don't know what the failure modes are.

One thing is that risk is not a bad thing.  One reason I like bitcoin is that with stocks everyone has got everything figured out, and it's very unlikely you will be the first person in the world to figure out something new about Apple stock.  Bitcoin is new enough so that you could be one of the first dozen people in the world to figure out something about it that no one realized before.
14  Other / Off-topic / Re: Bitcoin and Porn on: January 13, 2016, 07:32:45 PM
so as u asked here are some sites u can try to have really good porn and they accepts bitcoin  ;)but i dont think anyone will waste bitcoins on porn unless u r so addicted to it 
Porno site

Cam sites

Xotika.TV Bitcoin only cam
15  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs Dollar on: January 13, 2016, 07:31:44 PM
:-XThere are simply a lot more US dollars out there than Bitcoins. Even at the peak of the most recent bubble, the total value of Bitcoins was less than $3 billion. Whereas the US dollar supply is nearly $10 trillion. If someone wanted to exchange some Euros for $1 million, the financial markets wouldn't notice a thing. If someone tried to buy a $1 million worth of Bitcoins, it would cause a noticeable spike in the price. A small number of speculators can drive large changes in the value of Bitcoins.

Another stabilizing factor for the US dollar is that people, businesses, and governments need dollars for everyday transactions. This leaves a relatively small percentage of dollars available for speculators to trade. Bitcoin doesn't yet have this same level of stable demand, so is at greater risks for speculative bubbles since such a large share of Bitcoins could be acquired by speculators.
16  Bitcoin / Bitcoin Discussion / Re: Are you holding your bitcoin for a price increase? on: January 13, 2016, 07:29:37 PM
well its a great idea but it also involves........ BTC will reach to a new level in the year 2016 for sure, but it doesn't guarantee us that it is confirmed, if we have more users who are entering into bitcoins then its a great news for bitcoin community or else the scenario would be the same, it is simple if the adoption level is high, the price of bitcoins would be higher and more stable in the coming years or else the value would fall down.
17  Other / Off-topic / Re: What do you wish you could buy with btc ? on: January 13, 2016, 07:27:21 PM
there are alot of things u can buy with bitcoins but recently Global computing giant Microsoft added bitcoin as a payment option for a variety of digital content across its online platforms in December 2014. According to the companyís payments information page, US-based customers can now use bitcoin to add money to their accounts, which can then be used to purchase content like apps, games and videos from its Windows, Windows Phone and Xbox platforms which is amainz for game lovers like me 
18  Economy / Economics / Re: Bitcoin as a Gold Standard on: January 13, 2016, 07:25:23 PM
Gold and Bitcoin have their flaws when it comes to the political realm. Gold has had a long history of government intervention, while Bitcoin is being put at risk by its own users. Neither political atmosphere seems to be more productive than the other; on the contrary, they both appear to be equally stifling. Fixing these problems would likely require solving the public choice problem, or altering manís inherent desire to argue on the Internet. Neither gold nor Bitcoin win in the GAME of politics, which is the case for most things.
19  Bitcoin / Bitcoin Discussion / Re: When will Bitcoin become obsolete? on: January 13, 2016, 07:19:58 PM
As for my opinion, I think Iíd put my money on the last option.

That is, the national financial authorities eventually adapting the Bitcoin idea and implementing it for their own currencies. I think this will in time be the most likely turn out in the long run.

But I think itís unlikely to happen for perhaps a good few decades or more yet. At present, we still use the old system of banknotes, coins and plastic cards. Governments are notoriously conservative and cautious when it comes to new ways of doing things. So it will take time for these new concepts to gain full acceptance.
20  Bitcoin / Bitcoin Discussion / Re: Banks Are Finally Openly Fighting Bitcoin In Australia And USA on: January 13, 2016, 07:05:03 AM
It was obvious that something like this will happen, soon or later.
Bitcoin is much more simple to use, anonymous, no centralization etc. and more and more people using it.
Of course that banks can't ignore it any more but they already lost this fight in the long term.
They have no chance to win because people wants financial freedom and don't want to be controlled by the governments.
It's natural development and nothing can stop it.
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