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1  Economy / Speculation / Re: The towel is in the ring. on: January 11, 2015, 12:42:12 PM
has speculation always had many of these types of threads (2011-2012)? or did they not become common until 2013
No, there was a Newbie section where newbs had first to educate themselves and earn some activity points to be able to go to Speculation trollbox section.
2  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 10, 2015, 11:40:40 AM
Step by step, a Revolution is coming ... offers employees all-bitcoin paychecks

Then their employees better don't take the option or cash out the second they received the coin,unless they want to work for free*

* earn 80% less yearly

I want to have part of my payroll in BTC once is available in Europe. I don't mind monthly volatility coz I will be spending my bitcoins for non-vital services/goods and entertainment.
3  Economy / Speculation / Re: What's your action once Bitstamp reopens? on: January 09, 2015, 07:40:53 PM
Bitstamp opened Wink
4  Economy / Speculation / Re: What's your action once Bitstamp reopens? on: January 09, 2015, 04:50:22 PM
Assuming Bitstamp might go online soonish, are you still comfortable to trade there?
5  Economy / Speculation / Re: What's your action once Bitstamp reopens? on: January 07, 2015, 06:24:08 PM
buying Alts! no one ever hacks / steals those

And what about 50M NXT hack incident at Bter exchange? Luckily they were able to buy most of them back.

Everything that has value is a subject for hack.
6  Economy / Speculation / Re: What's your action once Bitstamp reopens? on: January 07, 2015, 02:26:56 PM
Good time to have fiat in bitstamp IF it reopens you wanna instant buy, the price was at $276 at close and its already higher at other exchanges.  I can see a huge candle incoming.

My thoughts exactly. Originally I wanted to withdraw fiat, but now seeing a price difference it's tempting to use the opportunity and buy. Then sell as soon as the price reaches other exchanges levels.
7  Economy / Speculation / What's your action once Bitstamp reopens? on: January 07, 2015, 09:22:58 AM
Select the most likely action you are going to do once Bitstamp reopens (considering it will reopen).
8  Economy / Speculation / Re: Bounced off $277 on: January 04, 2015, 01:45:56 AM
I think we'll probably see a bounce sometime before Monday, then continued selling pressure as the merchant dumping builds. Let's pray to god we don't get an Amazon integration or we'll be headed below $100.00.

We need to fix this lopsided scale and get more bitcoins into the hands of the people. Here's how you can help:


We need to start with ourselves converting if not 100% then at least some part of our monthly income into bitcoins without returning back to fiat. This will have a positive effect on price. Look around, there should be enough places to spend bitcoins already, so why not giving a try?
9  Bitcoin / Bitcoin Discussion / Re: Started getting paid 100% in Bitcoin starting with my last paycheck on: January 03, 2015, 10:38:43 PM
Are you able to split your direct deposits between bank accounts? If so you can split it 10-20%, it goes by your direct deposit.
Most likely I can't. The only option would be to rewire 20% to from my primary account but this would mean paying international bank transfrer fees.
10  Bitcoin / Project Development / Re: Bitcoin price manipulation on: January 03, 2015, 09:51:41 PM
And why you don't post the instructions here?
11  Bitcoin / Bitcoin Discussion / Re: Started getting paid 100% in Bitcoin starting with my last paycheck on: January 03, 2015, 09:43:22 PM
I work for General Dynamics, a company that is suckling on the US government's teet. They would never risk their sweet military industrial complex relationship with the government by accepting bitcoins.

I use (I do not work for them, just happy that I can get paid in Bitcoin).

I set up my direct deposit to the account number they provided me and my last paycheck it was all converted to bitcoins automatically. My bank never saw a penny of my paycheck.

That is the first step in dumping my bank forever.

For spending money I usually sell on localbitcoins for a profit anyway so I always have some cash on hand. And pretty much anything I want online can be paid in Bitcoin.

I think more people should follow your initiative. However I am afraid converting 100% of salary on a monthly basis is still risky. I would like to go with 10-20% though. Is there any way to do so?

Another concern I have are fees for this service and overall financial benefit for both me and an employer.

1) Converting my wage into BTC so I can make use of BTC infrastructure should bring me benefits over doing the same with fiat. At least it must save me transaction fees which I would have to pay if I buy anything with fiat.

2) Both my employer and me should have tax release for an amount converted into BTC as this could be treated as company benefit.
12  Economy / Economics / Re: I'm starting to think that good news is not what drives the BTC value (price) up on: January 03, 2015, 12:51:08 PM
The key to increase BTC is adoption
That's all we need

If your adoption means increasing number of merchants who accept bitcoins and immediately dump them for fiat using Bitpay service then it doesn't increase price.

Real price increase can only happen with increased demand for BTC. Good news can't guarantee this demand. Getting bitcoins as part of your monthly salary can.
13  Economy / Economics / Re: Ideas to raise the value of BTC or LTC on: January 03, 2015, 12:43:24 PM
  • make ordinary people (not businesses or merchants) have regular income in bitcoins, so they really utilise nearly 0% transaction costs
  • increase amount of goods/services available for bitcoin only
  • let merchants decrease the price of goods if purchased with bitcoins
14  Economy / Speculation / Re: What do you think Bitcoin will be worth in a year? on: January 02, 2015, 08:32:06 PM
I see many people here rely on a factor of merchant/business adoption, however they miss to see the other half of the picture. The actual price depends on the supply and demand where the supply side is a bit overloaded with most of new merchants dumping their income using Bitpay. There is not enough new demand coming from people to balance this equation. To fill the missing volume people should start receiving income in bitcoins on a monthly basis, e.g. on a payroll.

I too think the more and more places will be accepting Bitcoin.  which is quite positive.
More businesses accepting Bitcoin mean 60-70% of them are dumping bitcoins on the markets instantaneously. ( Which is not quite positive.

With so much infrastructure going up and barring any extreme failing being discovered - bitcoin should hold firm and increase slightly.
Not really. Nobody is incentivized to convert fiat into bitcoins to pay with them for goods, if he can do the same with fiat. So the majority of users who would actually use the infrastructure are current bitcoin hodlers. Which means they are indirectly dumping them on the market, hence the price falls.

Reddit and Pokerstars will soon have it integrated in their systems, which could only be good for the price.
In case Reddit and Pokerstars hodl all of the bitcoin income then yes.
15  Economy / Speculation / Re: January approaching. Bull run about to begin? on: January 02, 2015, 12:33:44 PM

I fairly believe that Bitcoin is going to start picking up from 1st Jan onwards.
I have strong reasons to believe so.

Do you agree? Why/why not?

This is what's happening:

1. The bitcoin community as a whole is focused on merchant integration on the POS side alone.

2. These efforts have succeeded, resulting in ever increasing selling pressure. (merchants generally dump the bitcoins daily)

It will be impossible to line up enough individual buyers to compete against this massive seller network. The only solution is to change focus and give some attention to the payroll side of the equation. This will help turn merchants into bitcoin users instead of bitcoin sellers.

Unless we see more attention paid to this side of the scale, expect the price to continue its steady decline.
I can't agree more. Unless people start getting income in bitcoins there will be no real benefit of having all of the infrastructure built. On the other hand it must be beneficial for an employer to have this option. I see following reasons why a firm might be interested in paying certain percentage of wage to employees:
  • to decrease tax
  • innovative company benefit for employees, like giving company shares as part of the salary
  • raising prestige among IT population
16  Bitcoin / Press / Re: Grave implications for bitcoin? kryptokit chrome extension removed by Google on: May 20, 2014, 11:30:30 AM
I never used kryptokit before but wasn't there an option to backup your private key?  And how come the extention got unistalled without your confirmation? I use firefox and what I know an extension can stop functioning with a forced browser update, but not completely removed... there should be at least personal data left on your machine... seems really weird to me.
17  Economy / Speculation / Re: NOTHING have changed? Think again. You've all seen this but nobody understands?? on: April 17, 2014, 02:37:04 PM
More hashrate doesn't make the network automatically less vulnerable to a 51% attack, but the distribution of hashpower does.
If I build a new pool and attract more than half of current miners to use my pool, I don't care what the hash rate is. So your point, OP, is not valid.

Under "the infrastructure" they really mean adoption (places to accept the currency, payment processors, ATMs, etc..), not the hashrate.
18  Economy / Speculation / Re: Is it my imagination or does Bitcoin tend to gravitate towards $666 on: March 05, 2014, 11:22:53 AM
Prepare silver bullets. We're there again.
19  Alternate cryptocurrencies / Altcoin Discussion / Re: What are your thoughts on dogecoin (technically) being unlimited? on: February 21, 2014, 02:25:46 PM
In real life no one cares about BTC but i've seen a lot of people being aware of Doge.

So you own name is; giveBTCpls but when i read youre you are a big noob with a totaly useless statement.

When i look at dogecoin logo i think; its a starting kit for kids under 15 before they enter the real entire market of Bitcoin cryptocurrencies.


But for sure, this forum is Bitcoin oriented, so why do people expect having positive reactions about other coins?
20  Economy / Service Discussion / Re: [LIVE] Occupy MTGOX video stream on: February 20, 2014, 08:09:13 AM
Are they occupying the correct address?
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