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221  Other / Off-topic / Re: Would you like to receive your salary in BTC? on: June 12, 2016, 09:52:54 AM
As of right now I wouldn't want to receive my salary completely in Bitcoin because there are not many shops accepting the crypto coin in my country and also the price is so volatile right now that I could lose money by not getting money in fiat which has a stable value. Imagine if you got your salary in Bitcoin and the value dropped overnight and you ended up having not enough money to pay your rent for the month just because you didn't expect such a thing to happen. Because of things like that I prefer to get a fiat salary which has a fixed value and I can allocate money to different expenses throughout the month without the fear of a price dip and being short on cash.
222  Economy / Gambling discussion / Re: Euro 2016 on: June 12, 2016, 09:02:01 AM
I think Croatia will defeat Turkey today. Croatia has one of the best offense among all the teams taking part in the tournament and with odds @ over 2 for Croatia ML I am more than happy to pick them to win today. Poland and Germany are the big favorites in the other 2 games this evening, and given the odds on them @ nearly 1.6 I think it's worth taking the risk for straight wins because Germany can defeat anyone if they are having a day and Poland with Lewandowski can do some damage as well.
223  Bitcoin / Bitcoin Discussion / Re: Bitcoin in the banks?! on: June 10, 2016, 02:22:57 PM
Is it possible that Bitcoin can be deposited in the banks in the near future? I mean like any other currencies that can be deposited and withdraw in the banks.

I don't think this will be viable for the banks for one simple reason - the very fluctuating price of Bitcoin will cause a constant loss of money when the value dips so they won't want to risk it with such a highly volatile asset like Bitcoin. It will be pretty much a gamble every single day and I don't think banks would want to deal with volatile digital currencies like Bitcoin. Also it would be very hard to calculate people's account balances in real time as the Bitcoin's price can jump up and down for dozens of dollars every minute or so.
224  Bitcoin / Bitcoin Discussion / Re: PayPal Stops Operating in Turkey, Online Payment Sector Turns to Bitcoin on: June 10, 2016, 02:00:39 PM
Do you guys think now that PayPal has exited the Turkish market they will turn to Bitcoin or will develop a local alternative to PayPal? I haven't heard of any famous Turkish payment processor so maybe the government will try to develop one now from the ground up so as to accommodate the business needs of the Turkish companies and citizens? But it would be great if Turkey recognized Bitcoin as a legitimate digital currency and implemented it as an official payment method for online and offline purchases. This will probably have a positive impact on the price and make it to increase.
225  Bitcoin / Bitcoin Discussion / Re: Companies Are Stockpiling Bitcoin to Pay Off Cybercriminals on: June 08, 2016, 06:46:29 PM
Damn how hard would it be to hire an IT professional who would be doing a daily backup of the company's vital data on a dedicated server? Surely a couple of hard drives and an average salary would be cheaper than a huge random ransom out of the blue one day right? I think companies should up their cyber security and not waste resources on paying criminals in the first place. How can companies with so much capital fall victims to ransomware attacks? Is it just negligence form their side or the hackers are just that good nowadays?
226  Bitcoin / Bitcoin Discussion / Re: French street performer accepts Bitcoin. on: June 08, 2016, 05:58:16 PM
I wasn't impressed by his singing skills but as I can't speak French I can't comment on the lyrics part maybe it was some very captivating song  Cheesy Anyways I think this street performer is doing a very smart YouTube advertising and if his video goes viral he will possibly get a lot of tips from viewers who use Bitcoin. Imagine if he has uploaded this video to other video sharing websites and people scan the QR code and donate coins he would probably receive tenfold more money than the fiat paper money he usually collects in his guitar case. I would say he is a very smart businessman that guy Grin
227  Other / Off-topic / Re: The First Thing You Bought? on: June 07, 2016, 06:05:00 AM
The first thing I have ever bought with Bitcoin was an iPad Air tablet which was heavily discounted during a Christmas sale last year. I am usually a Bitcoin holder who doesn't want to spend any coins but it's always nice to reward yourself at least once per year because what's fun in life if you are just going to hold your money forever and not buy yourself anything with it? If I find tempting offers for Christmas presents this holiday season I will spend Bitcoin again directly or indirectly depending on the online retailer. I am very glad that Bitcoin has given me an opportunity to be able to purchase stuff online with such a revolutionary digital currency. Holding too much is not good either guys have some fun once in a while  Cheesy
228  Bitcoin / Bitcoin Discussion / Re: Gaming Giant Steam Disables Bitcoin in Russia on: June 07, 2016, 05:36:10 AM
Steam will disable BTC everywhere in less than a year Smiley

Why would accept BTC while they made BILLIONS of USD with by accepting debit cards? Smiley

But mate Russia has traditionally had a lot of problems with Bitcoin and the government is making it impossible to conduct normal Bitcoin business for foreign companies. If the business environment is so hostile why would Steam want to stay on the Russian market when the disadvantages for them are more than the advantages? Steam probably don't want to find themselves in a legal mess and they opted to just quit the Russian market altogether. The Russians can still buy Bitcoin from 3rd parties and purchase games on Steam albeit not directly any more. However I don't think Steam will want to lose customers from countries where Bitcoin is generally well accepted as of now and the local governments aren't making efforts to ban it so Steam will just continue to offer both fiat and Bitcoin in these countries and double dip for more profit.
229  Bitcoin / Bitcoin Discussion / Re: How to teach someone about Bitcoin on: June 06, 2016, 05:36:07 AM
I think it's better to explain to your friends everything they would like to know about Bitcoin and show them how Bitcoin transactions work and how to use their Bitcoin wallets of choice rather than telling them they could earn money off the Internet by wasting their time on Bitcoin faucets. Bitcoin can be used for a lot of useful things like sending money to family overseas with very low fees or using as a digital currency or a store of value. It would be a good idea to show them videos on how to use Bitcoin properly and better yet, run them through the steps yourself so they will have a better grasp of Bitcoin and what they could do with it.
230  Bitcoin / Bitcoin Discussion / Re: EU wants to Control the Internet and Destroy Bitcoin on: June 06, 2016, 05:15:50 AM
Well I think it's a pretty obvious choice - I would like to use an open-source password manager with 1 master password and everything else encrypted within it. Actually I have been using a password manager for a while already and I must say it's a very convenient way of storing all my important passwords in one place. Now it's possible for me to use 15 or 20 character long sophisticated passwords which are very hard to remember otherwise. I think people who are concerned about their online security won't submit to using their ID's for logging in to their accounts even if the government requires them to. There will always be a way for circumventing this obstacle.
231  Economy / Gambling discussion / Re: what fun in GAMBLING? on: June 05, 2016, 08:18:22 AM
Gambling is not always about having fun while winning money. It's about how you derive fun from what you enjoy doing. You may win or lose your bets but the most important thing at the end of the day is if you have had fun gambling or not. You don't need to spend big amounts to enjoy yourself either. It's about that thrill of the gamble and not about the bet size.
232  Other / Off-topic / Re: How kids can "earn" Bitcoin ? on: June 05, 2016, 06:53:09 AM
I think it's better to teach your children what Bitcoin is and what they could do with it rather than telling them that they could earn money by wasting their time on bad faucet Bitcoin games. You could do a Bitcoin workshop at home familiarizing your kids with the essential details about Bitcoin at first then showing them how to create paper wallets etc. later on. Imagine if they get fascinated by Bitcoin and decide to pursue computer science at the university one day. You would have sparked their interest in science for life.
233  Other / Beginners & Help / Re: Safe wallet for a newbie on: June 04, 2016, 06:16:34 PM
I think the Blockchain wallet is a very good starter wallet for novice users of Bitcoin. Actually they have revamped it and a new, updated version is available with a lot less clunkly, modern user interface. BitGo has a very minimalistic user interface as well and for me it is even more user-friendly than the Blockchain wallet. If you don't have a lot of coins at your disposal using online wallets doesn't present a threat to your money because they are as safe as they can be. Just don't keep any substantial amount of Bitcoins on the exchnages because they have a tendency to get hacked into. As for locally-based wallets on your machine or mobile device you could try any of the most popular wallets like Electrum or Mycelium they won't fail you whatsoever.
234  Bitcoin / Bitcoin Discussion / Re: Australian Newsstands to Sell Bitcoin Over-the-Counter on: June 04, 2016, 05:50:26 PM
So according to the article if the customer is paying with cash no ID verification is needed and the minimal amount to purchase Bitcoin with is 50 Australian dollars but they didn't mention what the maximum amount of Bitcoin one could buy is. I remember one French startup company that was going to introduce buying Bitcoin over the counter in shops but the maximum threshold for purchase without ID was around 50 euros so if the Aussies are not going to have a limit on the maximum purchasable amount that would be super cool. I would love it to be able to buy as much Bitcoin as I need along with my newspaper or magazine every day  Cheesy
235  Economy / Economics / Re: Big Crash coming on: June 03, 2016, 09:33:52 AM
But I have heard the Bitcoin bans are only for the Bitcoin exchanges in certain countries and that single individuals can still own Bitcoins but can't spend coins in these jurisdictions right? Plus I don't think Bitcoin will be completely outlawed in the USA and Europe as there will always be underground exchanges and private sellers who will continue to trade Bitcoin and alt coins.
236  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin trusted to put your real money on: June 03, 2016, 08:39:00 AM
If you can trust the stock exchange then you can certainly trust Bitcoin as well because Bitcoin at present is acting more like a commodity than a real digital currency. But if you take the risk and invest in it the earning potential could be huge in the future should the price increase a lot. I don't trust it 100% so I am only investing money I can afford to lose if the price crashes instead. I think everyone should decide for themselves.
237  Bitcoin / Bitcoin Discussion / Re: Where and how much bitcoin you spent today? on: June 03, 2016, 08:17:03 AM
Well it's summer time again and I am spending most of my time outdoors because of the really nice weather. I have always wanted to fly a drone and I have been thinking lately about buying one with Bitcoin. I know the halving is coming and the price of Bitcoin could increase a lot but what's the fun in holding your Bitcoins forever and not spend some of them? We won't live forever either so I think having a little bit of fun once in a while isn't too bad right? I am bravely going to open my wallet and spend Bitcoins on stuff over the weekend hurray Cool
238  Other / Off-topic / Re: bitcoin affects life a lot on: June 02, 2016, 05:09:27 AM
Bitcoin can affect people's life in a positive or a negative way. If someone has invested their lifesavings into Bitcoin and the very volatile price plummets they will lose a lot of money and will end up in a bad situation. On the contrary, if the Bitcoin's price increases they will earn more money than they would have by using the interest rate of a bank account. So Bitcoin, for me, can be a really powerful modulator of people's lifestyle.
239  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin make Banks disappear? on: June 02, 2016, 04:56:19 AM
If Bitcoin doesn't become a global currency how can we convert it back to fiat without the help of the banks? If all the goods are priced in fiat how can we buy food and pay the bills if merchants don't accept Bitcoin? Banks are like the bridge between digital and paper money and I don't think they will disappear any time soon because of Bitcoin. After all Bitcoin is primarily used as a store of value and not as a digital currency right now.
240  Bitcoin / Bitcoin Discussion / Re: bitcoin new trend? on: June 01, 2016, 09:35:44 AM
The only thing that is putting me off getting a Bitcoin debit card are the fees. I have compared a couple of these cards to my Visa debit card and honestly the fees on the Bitcoin cards seem outrageous. I know that the Bitcoin companies behind them need to earn money off maintenance fees and such but I am not happy handing my coins over to them if they are gonna charge me so much in fees. These Bitcoin debit card businesses need to lower the fees a tad and then I may reconsider.
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