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1  Economy / Economics / Re: The future of the paper money on: June 16, 2016, 09:53:18 AM
What security and privacy risks would it raise?
Security will be hard here. It is really risky. Just one sample are the credit cards. They are physically used but they can be hacked. Unlike paper of course there is no hacking there.
 
And how would public and privately issued monies interact?
Hmmm.  That would be a big blast. Everything might change in the form of a digitally based money. I cant even imagine it that largely yet. How would you say how much oil per barrel is. Erghhh tried it and it doesnt sound good yet.
2  Economy / Economics / Re: Gold: I smell a trap on: June 16, 2016, 09:52:21 AM
The downspike we saw yesterday was merely a blip on the road to $2500. From there, who the fuck knows.At this point the Fed is simply waiting to pull the trigger on Quantative Easing round 3, the only bullet left in their arsenal in the fight against recession. When that happens, gold will go crazy.
If you're lucky enough to sell at the peak following QE3 you'll be extremely happy. Some are saying $2500, some are saying $3500, it will be a nerve-wracking decision that may roll around as soon as November.
3  Economy / Economics / Re: Bitcoin is Becoming a Global Currency on: June 16, 2016, 09:51:02 AM
It is true that bitcoin have begun to be accepted by several countries and stock markets. But in some of the countries like nepal it is very hard to deal with paypal and other payment processor till now. Bitcoin is also not in so much of light over here as currency but for developer like me it has become a good way to accept payment rather than paypal due to no restrictions for my country like they have in paypal. Happy to see how bitcoin is working these days.
4  Economy / Economics / Re: Do You Think Bitcoin Will Replace Dollar Soon? on: June 16, 2016, 09:50:24 AM
I think the dollar is very unsteady and probably in for a crisis of some sort, but bitcoin doesn't seem to be in a position to take over.  It would take down the entire fractional reserve banking system that the elite have relied on for the past several hundred years.  There is no way they would let that happen.  I'm not saying a digital currency is not in the interest of the central banks, but a finite supply?  No way.  Bitcoin might hold its value and increase, but I can't see central banks adopting it before they try to replace it with their own.
5  Economy / Economics / Re: A Resource Based Economy on: June 16, 2016, 09:47:54 AM
I'm still not sure how these ideological allegiances relate to a "resource based econonomy". Is the world economy today not already "resource based" in large part? How is it beneficial to give this concept such a vague name? It's hard to be against something as broad as a "resource based economy", it's basically something that goes without saying for economies everywhere to some degree.You release shit to the world every time you go to defecate, but that doesn't mean you are a shit-man
6  Economy / Speculation / Re: How many bitcoins do I need to retire in 20 years? on: June 16, 2016, 09:45:17 AM
Such a difficult question because we do not even now it will be here in 20 years however much i would like it to be  Undecided (it will be here)  Grin

I would go with a guess of around 300 - 500 btc  at 1000+ being the bottom if it is still here i think that will be a nice retirement if yo already have home paid for etc

I will be happy with a few hundred and some gold and or silver.
7  Economy / Economics / Re: How too get rich on: June 16, 2016, 09:44:43 AM
Setting out from the start to be filthy rich using luck, might destroy your soul and in fact reduce your abilities.

It is better to start by knowing that wealth is good, that it is created using the free market, and that you have the rigth to use it, save it, or invest it, completely as a choice of your own and noone else. That you therefore have the rigt to protect it by all means available. That alone should be enough to make you well off. Add smartness, hard work and luck to be rich.

It should be noted that luck is not as innocent as it sounds. By taking the right actions, you can build an environment around you that supports luck, and avoid disasters.
8  Other / Off-topic / Re: Will you quit your day job to go full time on bitcoin? on: June 16, 2016, 09:44:14 AM
well bitcoin made some rich and others jumped inside to try to reach the same status,and well bitcoin crashed once deeply to 600 dollars then 300 and now 200 dollars no one can predict it worth ,some said bitcoin would return to 1000 dollars and cross well looks it will get stable on 200 ,300 dollars for the next months.... but who know if they achieve something new ,well it can be become the money worlwide to pay everything on real life not only at virtual.At the moment makes no sense left any job to get full into bitcoin,but if you had a project and started it and people using it maybe you can keep both .
9  Economy / Economics / Re: Is it better to save money or invest it? on: June 16, 2016, 09:43:34 AM
The same is not true with land, you may not be able to sell it at all. Don't take it too personal, but from what I've read in your posts, I can only conclude that in most cases your knowledge about the matter is superficial at best, that of a layman. I, for one, am neither engaged in such investments (I mean land), nor have deep understanding of it, but I do know that land (or real estate, for that matter) is a hell as an investment option...
10  Bitcoin / Bitcoin Discussion / Re: How to teach someone about Bitcoin on: June 15, 2016, 08:38:50 PM
In all the people I introduced bitcoin, only few really get into it and seek some knowledge about it and ways of earning it.

Majority of them didn't want the effort that will put on to get some nice bitcoin earnings. Also some of them likes doing less work to get some btc's, in short passive income.

It's really depend on the people. If they really like to engaged in this kind of crypto world, they will push themselves automatically even at your first introduction to them.
11  Other / Off-topic / Re: How to motivate women to use Bitcoin? on: June 15, 2016, 08:37:51 PM
Lol what's about all the topics pointed towards woman and bitcoin?
People (and yes woman are people too) will use bitcoin if they see it can be used. If you want a specific audiance to use bitcoin, make sure they can use it.
For woman it would be great to contact some major fashion webshops to embrace bitcoin.
With the bitpay plugin/ API they can easily integrate it and woman can buy their favourite clothing online..with bitcoin
12  Other / Off-topic / Re: Are you buying bitcoins? Why? on: June 15, 2016, 08:37:16 PM
Well the market is hot and several people expecting too much about the halving that is going to happen,but im seeing bitcoin loose value aftet that happen and people crying and complaining,always act with precautions, we all saw what happened in the past at bitcoin,soo be sure you can invest at it now and be able to loose or to win,a huge risk as i see buy bitcoin todays,but i may be wrong and it can go high .
13  Bitcoin / Bitcoin Discussion / Re: Are you holding your bitcoin for a price increase? on: June 15, 2016, 08:35:55 PM
Unlike real currencies it looses value when the price goes down. If $ goes down 3% tomorrow there will be no difference in the price you pay for stuff but if BTC goes down the price for stuff goes up. That is because it is 100% linked to dollar and does not have a value on its own.

Many nations want their currency to get lower exchange rates because it is easier to sell their goods to other nations. Only nations who import a lot of stuff want a high exchange rate. Bitcoin has realy nothing to do with trading and it has its whole value based on current exchange rate.
14  Other / Off-topic / Re: du you spend coins on real life. on: June 15, 2016, 07:13:21 PM
Many people here actually do use BTC "in real life."
It is meant for spending online -- that IS the real world way to spend BTC.
I would like to see a poll about who has access to goods & services in their country with BTC.
I'd really like to know where all the contributors to this thread live -- especially  those who say there are no ways for them to spend BTC.
Please identify your country or continent, if you're willing.
Bitcoin startups should take note
15  Other / Off-topic / Re: 2016, The Year of Bitcoin? on: June 15, 2016, 07:10:54 PM
i always hope that every years is the year of bitcoin,since 2014 i know bitcoin,for 2 years i know bitcoin have more user and corpaorate,i mean many corporate and people using bitcoin.lets hope that next years is the year of bitcoin,bitcoin price going up and much more people and corporate use bitcoin,and  i really hope bitcoin or crypto currency will get into college,i think it was a good future and good lesson
16  Bitcoin / Bitcoin Discussion / Re: What's stopping people from using bitcoin? on: June 15, 2016, 07:09:40 PM
What i guess isnt the question,but who is stoppling trying to block bitcoin.Companies like paypal,visa and mastercard has a lot to loose if bitcoin gets everywhere,they will loose their costumers very fast,a huge part of them not all,as the oldest may not dropp them.Soo they are in a buble trying to keep and make bitcoin unknow to the most,but well the buble is getting bigger,soo the way to fight is attack saying its is a good thing to black market and many others things,rumors to make bitcoin not grow.
17  Bitcoin / Bitcoin Discussion / Re: The future of Bitcoin on: June 15, 2016, 07:08:52 PM
If you ask me about the future of Bitcoin, all I could say is that it is a very bright one. Right now, Bitcoin is suffering from low price and block size issue but just you wait and probably after the next 5 years, you will see Bitcoin rise and become very valuable. In the future, Bitcoin might be accepted as a form of payment from a vast majority of countries from around the world with faster TPS and confirmation times.  Cheesy
18  Bitcoin / Bitcoin Discussion / Re: Bitcoin IS basically DESTROYED on: June 15, 2016, 07:07:01 PM
From the beginning, this has always been a possibility: A banker who can effectively create unlimited fiat money can easily acquire all the mining infrastructure and control the network hash power (Of course he don't need to do so through one single entity, it will look like that many people control the mining infrastructure, but when a vote happens people will discover that over 90% of hash power is controlled by a few entity and can go against majority of people's will)

PoW method is vulnerable to large capital taking over. This is the nature of PoW, so some people have suggested to use a PoW+PoS hybrid model for the future mining, but without major hash power, how do you implement this change into the network? Why miners should give up their dominance power today? It seems only a fork or re-design of a new coin can start afresh
19  Other / Off-topic / Re: Complete the sentence... "I would sell all my Bitcoins if..." on: June 15, 2016, 07:04:25 PM
A dream price would be 100k per bitcoin then pretty much everyone would sell i think, pump it and dump it, dumping 100 btc at 100k usd would be crazythe problem would be how to move the money after, maybe i would just buy a lot of things before dumping it into the market or do a private broker deal for 100 btc at that price.More than a few million in profit and Id be content and wouldnt mind converting back to good ol fiat.
20  Bitcoin / Bitcoin Discussion / Re: what happens to Bitcoin if internet goes down? on: June 15, 2016, 07:02:02 PM
It is hard that internet go down. Because is something which is entering in every cell of our life. And if want to be killed in some part or in to many parts can reborn in the remaining ones. Then with the application of the peer to peer technology on its structure, is hoped that internet become much more (if not all) decentralized. If this will become true it will be almost impossible to kill it. Every part will become independent and to kill internet must be killed every computer. Very hard thing to became true.
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