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321  Economy / Economics / Re: If you were in desperate need for money.... on: August 22, 2017, 12:22:45 AM
If you were in desperate need for money / Bitcoins, what would you do? How to get it, earn it, whatw are your solutions and experiences? I wonder what people are ready to do when money is the problem.

No matter how desperate one is, it is never acceptable to hurt innocent people or steal from them in order to get ahead yourself. With that said, if you are desperate than asking people is one of the best ways to get money fast. Seriously if you ask someone kindly for $1 for food and they see you are being honest they will give it to you in many cases. As for Bitcoin I do not know how to get it as fast because most people don't have it to begin with, so asking random people is out of the question.
322  Economy / Economics / Re: Bitcoin Is Not Really A Good Money on: August 22, 2017, 12:20:23 AM
I will contend that.

1. Bitcoin has many advantages over both gold and silver. Bitcoin is easier to transact and buy/sell with than a 2 pound gold/silver nugget. Bitcoin is easier to store and keep safe than gold/silver. Bitcoin is more portable. Bitcoin is more difficult to counterfeit than gold/silver bars. If bitcoin is stolen it may also be easier to track down and recover than gold/silver due to the publicly accessible ledger and a good portion of the internet containing logs which allow tracking of transactions to a relative degree.

2. Bitcoin's algorithm is a major advantage being a creator of long term value. The second people have control over something like ethereum or bch is often the second they sacrifice long term value for short term gain. We can see this in many crypto and fiat currencies which are manipulated to produce short term gain, rather than long term value. People criticize bitcoin's algorithm but also fail to acknowledge the algorithm has proven much more reliable and stable than more arbitrary and often greed driven human regulation.

Bitcoin's algorithm definitely isn't an advantage over gold, because it was modeled on gold to begin with. There is only a certain amount available (like gold), as time goes on it gets harder to mine (like gold) and thus becomes more rare and the price or demand increases (like gold). This is why it is called virtual gold in the first place. :p
323  Economy / Speculation / Re: Is $4000 the perfect time to buy on: August 21, 2017, 08:04:19 PM
I wouldn't say $4,000 is the perfect time to buy. Definitely not, in fact. The perfect time to buy is after the price crashed. That would have been around $200. With that said, I believe the price will go over $5,000 shortly, so it still is a good time to buy.
324  Economy / Economics / Re: Statistics of crypto currency? on: August 21, 2017, 06:39:22 PM
Do you know the statistics of crypto currencies? The rise and fall of its value?
How long it will go up? And when can we say that it's the right time to dump the crypto coins?
Do you have analysis reports you can share with me?

It sounds like you are a beginner. You must understand there are HUNDREDS, if not thousands of cryptocurrencies already. Most of them are worthless as people have no use for them. As for those which are not worthless, it takes significant research in order to be able to trade profitably and if you are a beginner, it is not recommended. With that said, to learn more about coin prices and see charts Google "CoinMarketCap" and click the #1 result.
325  Alternate cryptocurrencies / Altcoin Discussion / Re: Securities based ICO and Non Securities Based ICO on: August 21, 2017, 06:36:44 PM
Hi All,

Greetings from Singapore.

Do you all discover that Securities based ICOs (i.e. ICO that would be regulated by SEC / MAS in Singapore) generally all have bad returns.

Compared to non Securities based ICOs (like Bitcoin, Ethereum, etc) they perform better.

The point of cryptocurrency is to control your own money. Regulation only adds negativity as it defeats the purpose of crypto to begin with...
326  Economy / Economics / Re: Will you tech me please, What is ICO? on: August 19, 2017, 02:41:12 PM
Hello, everyone. I have some knowledge about ICO. But I want to know everything about ICO. Will you please teach me What is ICO? I don't want to know the Full meaning of ICO. I want to know details of ICO.

Advanced Thanks a lot, all of you who will comment here Cool
The fund that is provided before a project starts.  Just like a lot of people said, there are so many scams out there, but that doesn't mean that all ICO's are scam, there still exist a few that don't scam.  You can do some research and invest in a ICO that doesn't scam and you probably can get some profit.
Yes, there is a lot of ICO's that are turning into scam and we should be careful in investing in ICO's and to be able to avoid or prevent the scams then we should do a lot of research about the particular ICO and we should read the whitepaper carefully and examine the teams that behind of that project so we can only take smaller risks.

Sure, is it realistic all of the 300+ altcoins would be successful? NO WAY. Most of them are going to fail, it is inevitable. It is only a matter of time. And all the money goes back into Bitcoin... as usual. Bitcoin is the king and it will stay that way. LONG LIVE BITCOIN! hehehe
327  Economy / Economics / Re: The world's central banks should get ready for negative interest rates on: August 19, 2017, 02:39:00 PM
Kenneth Rogoff, a professor at Harvard University and one of the world's most prominent economists, said central banks across the globe must start preparing themselves to introduce negative interest rates during the next global recession.

Negative rates are already in place in several major economies around the world, with the European Central Bank, the Bank of Japan, but other banks around the world would be wise to make preparations as well, Rogoff wrote in a new paper for the Journal of Economic Perspectives.

He said:
"The growth of electronic payment systems and the increasing marginalisation of cash in legal transactions creates a much smoother path to negative rate policy today than even two decades ago."

Negative interest rates will kill the financial industry and help for mass cryptocurrency adoption around the world.There`s no point to deposit money in the banks anymore.They are funded only with loans from the central banks,which print money and increase the "marginalization of cash". Grin
Thank you very much bankers.Bitcoin and the other cryptocurrencies will succeed because of your failure. Grin

Why on Earth would a bank lend money in order to lose it? Isn't that what negative interest rates are? You get PAID to borrow money? AM I missing something here? How does anyone profit by lending money with negative interest rates? I am guessing they rely only on someone not paying back the loan or spending it foolishly to take whatever collateral is put against it. That is actually the only way to profit. If this happens you can rest assured crypto will soar and take over. There is no doubt about it.
328  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Attention!!! Fraud !!! https://www.wallet-ethereum.net/ on: August 18, 2017, 08:13:17 PM
Thank you for posting this, OP. There is another case of someone losing $45,000 a few weeks ago when they downloaded an ETH wallet from a similar site and got scammed. It is unfortunate there are so many bad apples in crypto... :/
329  Bitcoin / Bitcoin Discussion / Re: What happens to Bitcoin fees after the last Bitcoin is mined? on: August 18, 2017, 08:11:58 PM
When the last bitcoin is mined, that means only that there is no reward for finding the next block.
New blocks can be mined, and when you find one, you will get the transaction fees of the transactions it contains.
For a normal bitcoin user nothing will change.
The blockchain will still grow, but no more new bitcoins will be created.


Ah, I see.

That means lots of miners will still drop out though, right?

Why would anyone mine after the last Bitcoin is mined? It seems like it would be unprofitable.

How do transactions clear if suddenly lots of miners quit at that point?

I get what you are saying, except for the above.

Lol. You will still get fees for months in transactions it will change nothing. There will just be a cap of 21 millions coins moving around so the faster it moves the more hashes you will need. Each transactions is paid by fees and these fees go to the miners. Very very simple. Smiley

I think what OP is saying is there will no longer be block rewards, only transaction fees. Surely this will reduce the incentive to mine, resulting in slower transactions.
330  Bitcoin / Bitcoin Discussion / Re: Karpeles Auctions off Bitcoins.com on: August 18, 2017, 06:00:36 PM
Why did you bump a 3 year old dead thread?

Anyways, this is an unbelievable domain. BITCOINS.COM Huh

Wow. Easily worth over a million.
331  Bitcoin / Bitcoin Discussion / Re: Market cap of BTC passes that of PayPal on: August 18, 2017, 05:58:05 PM
One small step for Bitcoin... one giant leap, to the moon! Cheesy

Congratulations to everyone, we did it! Soon we will pass the market cap of eveything. Smiley
332  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin Cash Is Now More Profitable to Mine Than Bitcoin on: August 18, 2017, 04:26:11 PM
How the heck did it go up over 50% in just one day? Why is it going up so much?! This seems shady and I don't know what to think about it.
333  Economy / Web Wallets / Re: Blockchain.info Login page fucked up on: August 18, 2017, 04:25:12 PM
Try to download a different broswer like Firefox. Otherwise you can download an app like Chrome, Firefox, etc. to use that browser on your phone/app instead of Internet Explorer. That is what I suggest for you. Huh
334  Economy / Economics / Re: In 2013, I wished I was an early bird who bought BTC in 2009. In 2017,... on: August 18, 2017, 04:22:24 PM
In 2013, I wished I was an early bird who bought BTC in 2009.
In 2017, nevermind. Thank God I bought 4 years ago
Actually, same in 2020
 Roll Eyes Roll Eyes Roll Eyes Roll Eyes

Dude you literally just copied a guy who posted this on Twitter and trying to make it seem like your own saying. That is not cool bro.
335  Economy / Economics / Re: If Bitcoin goes up very high should i buy a house? on: August 18, 2017, 04:21:23 PM
This might sounds really stupid but when I first read this I thought it said should I buy a "horse"? hahaha

Sure OP, it is your money buy whatever you like!
336  Economy / Economics / Re: BCC more profitable to mine on: August 18, 2017, 04:20:31 PM
It is currently 2% more profitable to mine on the Bitcoin Cash blockchain.

https://cash.coin.dance/blocks

Doesn't this percentage change on a daily basis? The prices of each go up and down by 5% every day... it isn't fair to say BCC is always 2% more profitable to mine than Bitcoin.
337  Economy / Economics / Re: Spanish investors create the first Cryptocurrency for the Climate Change action. on: August 18, 2017, 04:19:28 PM
Well let's hope this works. It probably will not as it is the first of its kind, but let's do our best to at least promote it and see what happens. Climate change is real and we need to develop our technology in order to control it.
338  Bitcoin / Bitcoin Discussion / Re: How much money is needed to bank roll a bitcoin casino? on: August 17, 2017, 10:27:41 PM
If I was you, I would instead work for, as an affiliate that is, other Bitcoin casinos first. It is important you know how the business works before starting a venture like this. We are talking 100 Bitcoin if you are planning to compete with the big players. In this case, all it takes is one slip-up to lose everything... and I think that is not something you would like.
339  Economy / Economics / Re: Trade union funds - how best to store using bitcoin on: August 17, 2017, 10:11:55 PM
As per title.

Unions are held over a barrel by arbitrary laws that are put in place to restrict their freedoms and practices. When the random and unnecessarily punitive/restrictive laws are inevitably breached, the unions activities are deemed unlawful.
Ultimately the end result is that union funds (held in banks) can be seized/sequestrated.
ie. ordinary workers do not have sovereignty over their own assets.

Could anyone out there come up with some ideas about how union funds could be held, such that they are transparent and auditable, but completely safe from seizure ?

I know of course that bitcoin wallets can be used etc but I would be particularly interested if anyone has any experience of the practical implementation of such a scheme - in particular in the use of multi sig wallets in such an environment.

I'm asking a lot I know - but I'm not a technical expert and would appreciate someone confirming the viabilty of such a setup, local laws notwithstanding.

It might not be unions that you have experience of, but a setup something similar.

Thanks in advance.



This would be a good idea for some kind of business.

As for to how to store them, the best way is cold storage to ensure the best chance of them not getting hacked/stolen.

What is cold storage? It means your Bitcoin are not visible on the network and/or no one has access to the private key but you. The best cold storage method are called paper wallets.

A paper wallet is JUST LIKE CASH. Picture hold $10 in your hand. A paper wallet is the exact same. You put your keys on a piece of paper and then keep it in a safe or somewhere secure like a bank and no one could ever steal your coins. When it is time to access your coins, simply use the private key on said paper to unlock the wallet/address and you are free to use your Bitcoins. It really is amazing and sad people don't know about it.
340  Economy / Economics / Re: Is the economy situation in your country that bad? on: August 17, 2017, 10:08:21 PM
My country has one of the best economies in the entire world. In my life my country has never been in serious trouble financially speaking it is very stable. Even during the 2008 financial crisis when countries all over the world were panicking, my country was OK and we did not even worry and people did not lose their homes or jobs life continued as normal. It is a great country. Smiley
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