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2121  Other / Beginners & Help / Re: How many confirmations until i can re-send the money on: March 21, 2015, 07:31:54 PM

Then you read it wrong. He said that he already sent the BTC from Circle to his BCI account. So he doesn't need to import anything at all.

How was i reading wrong? And why you say "he", i was quoting you man, why you talk about yourself in the 3rd person.

You said that export-import from circle to blockchain.info, and i explained why thats not a good idea.

Where did I write this?

You are reading into things... I said that you can export the private key from your OWN wallet, not from circle. You can't export shit from circle.

Ok i was generalizing then. Forget about Circle, but it can be the same for any wallet. Never compromize the private key with 2 services, that is the point i was trying to make.

Even if it's your own wallet, why would you want to share that private key with Blockchain.info or other sites, when you arleady have it secured on your PC?

Isn't it better to pay a damn 0.0001 BTC, then to compromize the entire address with a 3rd party?
2122  Other / Beginners & Help / Re: INVEST BITCOIN!!! on: March 21, 2015, 07:28:06 PM

The amount of investment is irrelevant to the chance of that person running away. I'd say for many things a higher investment makes it even unliklier that a person vanishes, because the amount of money he can gain from the investments is enough to make a living. A site that accepts microinvestments will most likely be only a hobby.

That is nonsense, you dont look from their perspective you look for your pespecitve. A street hustler can steal the same way 1$ like Bernie Madoff stole millions of $.

The question remains which hurts the most losing 0.001BTC or losing 100BTC.

Also dont underestimate the scammers around bitcoin. Even if he can make a fulltime income with it, he can still run away with it if there is no way of detecting his identity.

Also running a microinvestment site can be profitable aswell if enough people invest in you, and even if it turns out as a scam, the individuals lost much less / capita , than if it were a closed investment with 10 people investing 100BTC, the /capita loss would be big.


Yeah but how many micro investments sites do have a valid business modell as bitmixer.io has?

And the point still stands that 100 BTC for one person might be equal to 0.1 BTC or something of another person.

Absense of evidence is not evidence of absense.

Also you fail to understand the point, its not about rich people investing vs poor people investing, its about everyone who invests, first should check its risk tolerance. A rich guy should also invest 0.1 BTC on its first investment just to see how it turns out, no sane guy just throws money wildly, you see no billionaire do that, they are precise and careful.

If you think that gambling 100 BTC is the same than carefully planned investment with risk analysis, then your are very wrong.
2123  Other / Beginners & Help / Re: How many confirmations until i can re-send the money on: March 21, 2015, 07:24:23 PM

Then you read it wrong. He said that he already sent the BTC from Circle to his BCI account. So he doesn't need to import anything at all.

How was i reading wrong? And why you say "he", i was quoting you man, why you talk about yourself in the 3rd person.

You said that export-import from circle to blockchain.info, and i explained why thats not a good idea.
2124  Other / Beginners & Help / Re: INVEST BITCOIN!!! on: March 21, 2015, 06:01:02 PM

The amount of investment is irrelevant to the chance of that person running away. I'd say for many things a higher investment makes it even unliklier that a person vanishes, because the amount of money he can gain from the investments is enough to make a living. A site that accepts microinvestments will most likely be only a hobby.

That is nonsense, you dont look from their perspective you look for your pespecitve. A street hustler can steal the same way 1$ like Bernie Madoff stole millions of $.

The question remains which hurts the most losing 0.001BTC or losing 100BTC.

Also dont underestimate the scammers around bitcoin. Even if he can make a fulltime income with it, he can still run away with it if there is no way of detecting his identity.

Also running a microinvestment site can be profitable aswell if enough people invest in you, and even if it turns out as a scam, the individuals lost much less / capita , than if it were a closed investment with 10 people investing 100BTC, the /capita loss would be big.
2125  Other / Beginners & Help / Re: INVEST BITCOIN!!! on: March 21, 2015, 05:43:08 PM

You have a really narrow world view. Just because some amount of money is big for you, it must be for everyone else?

An investment is not good or bad depending on the amount invested. I bet most of your 0.001 BTC investments are worse than this particular 100 BTC investment in terms of expected ROI and risk.

Yes my world view is really narrow because i dont give out 26.000$ to complete strangers which have no accountability and cant be caught if they run away with it...

The first rule of investing is risk control and that means that you must know the investment and the trustfulness of the owners before putting a dime in it.

Risking 0.001 BTC it wont make you rich, but it is for testing purpose, to see if they pay you or run away with the money.
2126  Other / Beginners & Help / Re: How many confirmations until i can re-send the money on: March 21, 2015, 05:40:09 PM
You can send your BTC away after 0 confirmations if you export the private key and use any other wallet. This is really easy so everyone should be able to do it.

Yes but then he compromizes the security of the wallet.

Suppost 1 of them goes scammer , the other wallet is still holding, if you expose the private key to both services then you double your risk of theft.

It's not a good idea to mix services just as its not a good idea to use the same password in all websites, its the same logic.

What are you talking about??? Sending a transaction doesn't reveal your private key.

No i was talking about importing your circle private key into blockchain.info, if one of those services goes to be a scam, then it compromizes the private key.

For example if blockchain.info were to go a scam, if you import your circle address there then it would be pretty nasty.

It's like using the same password on all internet websites, if 1 service is fake and scammy then all of it is compronized...

For now both of those wallets are honest, but who knows what the future holds.
2127  Other / Beginners & Help / Re: transaction taking ages on: March 21, 2015, 05:37:11 PM
8ab3bacb2fc7645b5abccf6ef1b8a251c60fef54164a773321974a602d62c40b
I sended some (bit less than 6) bitcoins from bitcoin.de to my wallet and still no confirmations  Huh

The transaction is already sent so i guess you can now lock this thread. Anyway next time put a 0.0001 BTC fee so that it can be sent with "priority"
2128  Other / Beginners & Help / Re: Which Offline Wallet on: March 21, 2015, 05:35:18 PM
Hi, I'm a bit of a newb with BTC although I've done a bit of research.

I've decided to use Kraken as the exchange (first on google rank!) and so I guess they must have some credibility.

The bigger question is that of an offline wallet?

According to: https://bitcoin.org/en/choose-your-wallet, there are 6 to choose from:

Bitcoin Core, Armory, Electrum, mSIGNA, MultiBit, Green Address - all of which have a weakness of some sort.

(My general approach for BTC is to just buy a few and hold them.  If BTC goes global, I'll be happy, if not, and BTC becomes obsolete, no big loss.)

So, let's suppose I chose Electrum, which seems to be one of the easier ones to use.

If I download the wallet to a computer, can I then move the BTCs to an external HDD?  Or, do I have to store them only on the computer?  It's just that I have a netbook I don't use much with Windows 7 starter and thought I could use that.  The question is, what happens if the HDD on the netbook fails, do I lose the BTCs?

I'm also a bit unclear about BTC addresses?  When I buy the the BTCs on Kraken, for example, I have to give an address from my offline wallet?  How is the address generated?

Thanks in advance.


Armory offline wallet is the best. Use it on a permanent offline PC and interact with a USB stick through it. Make sure the hard-disk is encrypted and also hide your passwords very well, its the best security that i can think of, secure enough to hold 1 billion $ woth of bitcoin in it.

But only if you know how to secure it propertly.

Otherwise for smaller sumps Xapo, Blockhain.info and other online wallets are pretty decent too.
2129  Other / Beginners & Help / Re: Multiple wallets on: March 21, 2015, 05:32:23 PM
Wallets are different than addresses. I use blockchain.info as my primary wallet, and I have many addresses. Generally a good idea is generating a new address per transaction and labeling it for reference, accounting, an anonymity.
Welcome to bitcoin!

Well none of those wallets are really safe. Try using offline cold storage wallets.

Then its very safe to have all bitcoins in 1 wallet, however if the wallet is deterministic then its better to use multiple address for anonymity,
2130  Other / Beginners & Help / Re: How many confirmations until i can re-send the money on: March 21, 2015, 05:29:59 PM
You can send your BTC away after 0 confirmations if you export the private key and use any other wallet. This is really easy so everyone should be able to do it.

Yes but then he compromizes the security of the wallet.

Suppost 1 of them goes scammer , the other wallet is still holding, if you expose the private key to both services then you double your risk of theft.

It's not a good idea to mix services just as its not a good idea to use the same password in all websites, its the same logic.
2131  Other / Beginners & Help / Re: INVEST BITCOIN!!! on: March 21, 2015, 05:27:30 PM
Bitmixer.io sounds like a nice opportunity, but their investment is full and they don't accept no new deposits. Sad
i think it is a good opportunity too but the problem is the minimum amount of investment is 100 BTC.
their website doesn't say anything about not accepting new investment.
Quote
We are always happy to work with new investors interested in collaborating with us to make our reserve larger.

100 BTC? C`mon guys, who would risk 100 BTC with unknown and unreachable people.

If they steal 100 BTC whan can you do about it?

Plus its just stupid, why would you invest 100BTC in it when others let you invest as little as 0.001 BTC, its just silly in my opinion
2132  Other / Beginners & Help / Re: Best Paying Bitcoin Faucets list for newbies :) on: March 21, 2015, 05:25:04 PM
The problem with such lists is that they are outdated EXTREMELY fast. So how often do you plan to upgrade those?

tried the first one, gave me already "insufficient funds"...

That was fast Wink

It wasnt giving that to me, for me it worked fine, cashed out directly to faucetbox....

Maybe it was just a display error he received, anyway even if it did gave that, there are plenty of other faucets on the list that work. 1 or 2 bad apples doesnt mean that the whole list is wrong.

Thats true, it just made my point clear very fast. There are no longterm stable faucets.

Yes but thats why he provides that list so that he will update the faucet list instead of you guys having to search for new faucets he will do that for you and in exchange you will use his referral links to work on the faucet captcha.

Its a pretty obvious service, yes faucets go dry fast, but if others will keep you fresh with the latest and best paying faucet lists then its worth it.
2133  Economy / Digital goods / Re: ●♦★██████ BITCOIN SOFTWARE SUPERMARKET ██████★♦● on: March 21, 2015, 04:58:17 PM
I am looking for people who purchased Martingale Tester 1.56. I want to know their opinions of this program, is it worth it or not, as I can see it is the most expensive program in your offer.

If you are interested in it here are a few more screenshots:





It can test the martingale gambling strategy and simulate it in different conditions, which you can specify there.

Also it has the unique feature whereas you can simulate a martingale betting session as you withraw X% of the profits after each bet into a "safebox" , basically just removing the risk from it, and simulating it that way.

So for example if you gamble 10 bitcoin, and you risk it all, after every profit made, you can put X% of it safely away, out of the gambling session, so that even if you lose the 10 bitcoin, a few % of it will be saved.

You can configure the gamblign strategy as you wish, and you can set your reasonable expactations, which is the most important.

As gambling is gambling, however you can kind of analize the reasonable expectation you can win or lose so that you can set your risk beforehand and be a more responsible gambler  Smiley

Also the product is now -25% off until next saturday, so grab it now  Smiley
2134  Economy / Economics / Re: How would a world with BTC as reserve currency look like? on: March 21, 2015, 04:47:04 PM

First, 6 years is not exactly what you would call "new", at least in modern times. Second, your example with tulips actually works against you since the price for tulips today is nowhere near where it had been in 1637 at the peak of tulip mania (in relation to the price of other goods). 377 years has passed since then, and how long should we wait till another bitcoin bubble unfolds?

I changed the font size and color of you reply to normal, since this in no case could have any persuading effect on me but is in fact irritating, sorry

Ok i highly suggest you to watch this video about Bitcoin's growth curve:

https://www.youtube.com/watch?v=qHUPPYzzZrI

Also every single mass mania had atleast a 7 year unfolding period: facebook founded in 2003 it needed until 2007-2008 to become mainstream...

And so on, besides facebook and others had massive money backing them while bitcoin is only founded by the people, as i pointed out wallstreet is not interested in it yet, plus banks have other agendas trying to discredit it so that their own ponzi finance can become in monopoly.

Bitcoin is just challenging the global ponzi scheme, and if the nasty regulators dont interfere, it will eventually replace it.

Even if you just look at the money processing aspect, its far more superior than western union, credit cards and other BS. Instead of waiting 4 days for a transaction you wait 10 minutes....

The only, and i emphasize the only thing holding bitcoin back is the lack of media attention + progaganda trying to demonize it.


If people are dumb enough to hold Greek bonds, then they are dumb enough to believe the demonization of Bitcoin, just like you believe in it (no offence meant)....

SO you see, media is the utmost important factor here, and the propaganda is strong believe me.
2135  Economy / Digital goods / Re: ●♦★██████ BITCOIN SOFTWARE SUPERMARKET ██████★♦● on: March 21, 2015, 04:35:11 PM
Alright, the softwares are now -25% cheaper for 1 week!!

So buy them now until the promo lasts!  Wink

The promo will end in 3/28/2015, so buy now!!!!

https://www.btcdlc.com/shop/bitcoin-supermarket

2136  Economy / Economics / Re: How would a world with BTC as reserve currency look like? on: March 21, 2015, 03:58:05 PM


This is called wishful thinking. You say that eventually bitcoin will take over, but how come that it had fallen from over 1,100$ per coin to around $250 (and sits there for now)? This is surely not what you would expect from a deflationary coin that is going to take over the world... Was it a false start?

Oh c'mon man, you skeptics are saying the same thing over and over again.

I explained this in the Economics section already like 10 times already

1) Bitcoin is new, 6 years is not exactly a good sample to look at, but the mere existence of BTC proves that it will go on much longer
2) It was a bubble phase like with everything else.

The fact that the tulip mania in the 1600's crashes means that there is nobody selling tulips today? No it just means that the price of it got to a real level, the same can be said about bitcoin

3) The yearly inflation of BTC is still a bit high, so wallstreet is not that interested in it yet, but it will decrease eventually to 0%
4) The media demonizes it and statists are trying to sabotage it with regulation

Under these conditions its hard to grow to the moon, but dont be afraid it will get there eventually.

5) Just wait until Greece collapses and takes the EU with it (the 1000$ burst was because the maffia started seizing Cyprus accounts, what will happen when the Greeks start robbing their accounts => They are already looting private pensions lol) So yeah...

6) The US debt and Japan's debt is also not very shiny, so as the global economy gets worse and worse bitcoin will act as the perfect safe haven currency!

7) You are very impatient bro, stop looking for get-rich-quick and focus on longer picture!! Smiley
2137  Economy / Economics / Re: BANK RUN: Andorran and Spain banks go bankrupt, state refused to aid depositors on: March 21, 2015, 03:49:46 PM

No wonder how the leverage got piled up, it was never a question of if, it was always a question of when!!!!

This isn't about excessive leverage.
This is about the US seizing the assets of a healthy bank.

US seizing assets? What does this have to do with US its a spanish bank lol?

Also it has everything to do with leverage, why do you think these banks go bankrupt? Is just magic or what?

OF COURSE THEY ARE ALL OVERLEVERAGED!! And the pillars are already crumbling, their last hope will be the IMF SDR-s, but after the last ponzi fails, it will all come down...
2138  Economy / Speculation / Re: How many bitcoins do I need to retire in 20 years? on: March 21, 2015, 03:43:51 PM
I think atleast 100 bitcoins to be safe.

I predicted that 1 bitcoin can be worth 700k$ if all the current GLOBAL GDP is flushed into it, of course in 20 years the global gdp can be much higher (or lower if these nutjob CB will cause global collapse) so a 700k$/bitcoin is really the cap, so you need like 100 bitcoins to have 70 million $ which hopefully will be enough for your greed Smiley
If we are talking about distant future (yes. 20 years in bitcoin world is like 1000 years in real life) and our current technology. I would rather don't point at exact numbers. We all are probably wrong in our assumptions. In 20 years we could already have bitcoin 2.0 or some other form of cryptocurrency or no bitcoin at all.

I think attention/media will surpass quality, or atleast in the short term (10-20 years)

Otherwise Litecoin is already superior to Bitcoin in any possible way, but the bitcoin is still bigger market cap, simply because it got more attention.

And obviously no other crypto currency will get as much attention as Bitcoin.

Later on there might come a more stable one ,which will be pumped by wallstreet, but for now bitcoin is the most "favorite" currency, and it will stay as such.
2139  Economy / Economics / Re: What do you guess about he future of bitcoin? on: March 20, 2015, 01:41:11 PM
bitcoin need only mass adoption nothing else for the moment, it need that those with tons of bitcoin spread(by selling) their fortune until everyone become equal or near that, it will require many years, don't expect a big rise even with the halving

NO NO NO NO

You dont understand, them selling it will plunge the price, its good that they sit on it because the price will remain high and scarce.

Of course an argument can be made that in lower prices more people can afford it, which is true, but if the price goes down why would them buy it?

So its good as it is, there is enough bitcoin in circulation and being sold that anyone who wishes to buy can buy some.

The main problem is a lack of advertising, i think every single bitcoin holder should set up websites and promote the sheeet out of it, tell them to friends, family , everyone!

See internet promotion is not enough, because many people dont trust "internet things", it needs bilboard campaigns, many many tv media attention, and local newspapers talking about it.

If Bitcoin Foundation would not be so busy it could run campaings like that to promote it better.

Also 3rd party promotion through merhant contracting is also good, especially if Microsoft and IBM does it!
2140  Economy / Economics / Re: Greece now targets tax evaders! next step cyprus style! on: March 20, 2015, 12:38:44 PM
Their problem is far more vast than tax evasion, corruption is rampant also.



Guys you have no idea on corruption. Corruption is a good thing because it takes away the resources (money) from the government to do evil stuff.

Politicians are always thieves so dont blame them.

But an efficient government is your worse nightmare, because then the government has total control over the population and thus its total tyrrany.


I`d much rather have an utterly corrupt govenrment where politicians steal and loot all they get (they do that anyways) instead of having a stalinist-dictatorship with total surveillance and population control.  Smiley

Of course no government is the best.
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