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101  Economy / Economics / Re: Bitcoin can not replace fiat on: April 04, 2017, 02:04:09 AM
Cryptocurrency can and most likely will replace fiat, but it's not certain if that crypto will be bitcoin

it can be bitcoin, but only if we solve this scaling debate quickly before altcoins eat away all of the market share.

Even several years ago, transactions often took hours to confirm, sometimes days if the transaction fee was left off.   I think that if any crypo-currency is really going to replace cash, the transaction speed needs improvement.
102  Bitcoin / Bitcoin Discussion / Re: Andreas Antonopoulos has some explaining to do on: April 04, 2017, 01:59:00 AM
I'm really struggling to understand how this LN would benefit Bitcoin.   I can see how it benefits some parties but it just doesn't seem to make sense for the small guy trying to use Bitcoin.

My gut feeling is SegWit is being pushed hard and it is more of a play to make it easier to change Bitcoin than anything else.   In generally I think the fact that Bitcoin is hard to change is what it saving it now.  It gives more time for learning and understanding.   

If SegWit is the way to go, then it needs to have a much wider acceptance than what currently exists.   It seems the BU really just buys time.   Maybe that is what is needed.   
103  Bitcoin / Bitcoin Discussion / Re: Japan to accept Bitcoin as payment method. on: April 04, 2017, 12:12:11 AM
This is perfectly timed ! A lot of tourists will head to Japan in Olympics 2020 . Hopefully by that time more and more people would've gotten into the bitcoin world.
That's just an interesting opportunity for bitcoins in real life. Hopefully more and more countries will start to accept it as a legal method (sadly some countries actually banned it Sad 

I actually found this article as well Idk if it's legit but it seems to be.

http://www.businessinsider.com/bitcoin-price-spikes-as-japan-recognizes-it-as-a-legal-payment-method-2017-4

Tokyo is making a lot of changes for the 2020 Olympics.   It could be that spirit of preparing is what is driving some Bitcoin friendliness.  Anyway my kids are often coming back from school with something 2020 related.  The 2020 Olympics are a very big deal in Tokyo.
104  Economy / Trading Discussion / Re: When do you plan to sell? on: April 04, 2017, 12:04:24 AM
What is your exit point? Where will you sell your coins? How much % of your stack will you sell?

I think my exit point before I sell my holding bitcoin is when the price meet the 10,000$ that's the time I will sell some of my bitcoin holdings to get my profit through selling it at the high value of bitcoin. Wink

If BTC keeps trading the way it does you be able to buy those coins back at $7000!   Then sell again above $10000. 
105  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AEON [2017-03-29: important update to 0.9.9.0] on: April 03, 2017, 11:54:08 PM
Since you are asking about it, you probably don't have much chance of successfully building it.
A little encouragement goes a long way.

I wasn't trying to be encouraging.   What was being asked isn't a simple task.  If you give the impression that it is simple you just waste people's time. 
Heh, no problem. I find a challenge to be the best motivation.

"You probably can't do that."
"Oh yeah, wanna bet? Hold my beer and watch this."

That can be encouraging to the right kind of person.

I did find that building 0.9.9.0 on Linux (Ubuntu) was quite easy.

The only problem I had with that was aeond refused to connect to the seed node. After a while I got it working by setting "--hide-my-port --allow-local-ip --add-peer 10.X.X.X" to get it to connect to my local Windows box running 0.9.8.0. After that it found the external peers.

I haven't tried the Windows build yet.

I understand you.   Sorry it is easy to come across wrong in just text.

The AEON code base isn't easy to work with in Windows.   I have a lot of respect for the work the Arux is doing!
106  Economy / Economics / Re: Bitcoin can not replace fiat on: April 03, 2017, 10:56:14 AM
I agree with you. In fact, only a small percentage of the world's population knows about the cryptocurrency. Therefore, the crypto currency will not soon catch up with the popularity of Fiat. And hardly ever replace the Fiat

It is not really able to make it, that is the fact with bitcoin. And bitcoin will always be treated as an investment by most of the people, though many of us are already using it as an online currency. But there would be one day that the fiat will be upgraded into something that has the same idea with bitcoin and other crypto's.

Yes, bitcoins are now considered by many people as investments. This is due to the fact that the price of bitcoin is growing. In the long term, it can grow several times.
Few people use bitcoins to buy everyday products

Actually as of now in most of the countries, we can't buy any everyday products using bitcoins directly because they are not so popular in mainstream business yet. Bitcoins are more popular in the gambling industry. But for investment purpose, it is quite good because of its high price fluctuations we can make some profits regularly.

Fiat has been fully involved in our daily lives and it will take a lot of time to completely eliminate it and start using bitcoins. Bitcoins has started replacing credits  cards which were being used online.
We can not used bitcoin for our daily lives this is only digital currency and not all people can access bitcoin that is why it is impossible to replace fiat by bitcoin and fiat is much needed by all people for daily. The only advantage of bitcoin is the value it has big value that our fiat and also we can earn in bitcoin itself.

Yeah the usage and users of fiat are more in compare to bitcoins and spending fiat is easy in compare to spending bitcoins and even in future most of the people will prefer to use bitcoin only for online transactions and for offline they will prefer fiat.

It does not depend on people. Many people agree to buy food for bitcoins. But they do not have such an opportunity. Stores do not sell goods for bitcoins. I hope that in the future I can buy anything for bitcoin. And then I will definitely forget about Fiat

One problem is that bitcoins are becoming impractical because the transaction fees constantly increasing.   It would be better to have more transactions than just growth in the transaction fee.

These kinds of issues make bitcoin unattractive to stores, if they are even aware of bitcoin. 
107  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AEON [2017-03-29: important update to 0.9.9.0] on: April 03, 2017, 08:26:43 AM
Since you are asking about it, you probably don't have much chance of successfully building it.
A little encouragement goes a long way.

I wasn't trying to be encouraging.   What was being asked isn't a simple task.  If you give the impression that it is simple you just waste people's time. 

It also appears that @Arux is already figuring out what to do and making the necessary changes in the code to create Window's binaries. 

@Smooth also offered a good solution.  If you have a Windows computer one can just created a Linux VM and then compile the wallet and daemon on Linux.   Then just run the wallet in the VM.   It really doesn't matter where you run it as long as you keep track of the private key for your wallet.
108  Economy / Economics / Re: Bitcoin can not replace fiat on: April 03, 2017, 12:53:56 AM
We cannot replace fiat with bitcoin because it has a fluctuated price in the market and I don't think it can be recognized by business owners who wanted stable income, specially nowadays competition is still an outbreak. So don't be discourage because bitcoin still can be a source of sustainable fiat cash, that can be use for your daily life spending on important things which you really needed.
yes currently it look like so but in future when bitcoin will become more popular and when bitcoin will be used by everyone then we can think about that.

Bitcoin has started to gain popularity now and many new people are showing their interest in bitcoins and if the same trend continues then we will see much higher price of bitcoins in future but the fact is bitcoin will always be used as a secondary currency and people's first choice will be fiat.

I feel the current path Bitcoin is on is risking everything.  Transactions are getting too slow and expensive.   The use cases for Bitcoin are be limited by that.   

It used to be that Bitcoin had value because it was so much cheaper and faster to transfer to anywhere in the world in almost any amount.   What happens when that is no longer true?   I'm really struggling to see how the SegWit solution will fix this problem.   It appears that Bitcoin is being positioned into something much different than it was.   It used to be cool to buy your dinner with BTC, but it won't be so cool with it costs more to do the small transaction than the actual cost of the transaction. 
109  Bitcoin / Bitcoin Discussion / Re: Japan to accept Bitcoin as payment method. on: April 03, 2017, 12:41:20 AM
Then without a fork BTC will take longer and longer to settle a transaction?
Yes, that's really stupid. Although the Japan-thing here is good news, I believe BTC should not be
used for buying a pack of chewing gums. That doesn't have to be relayed around the world.
So BTC should be reserved for the serious transactions (say, >1000$) and local cryptos
should be used for the chewing gum sales,
or we need 3rd party service providers like mastercard etc. I strongly prefer the first.
Whoa ... if people take that approach Bitcoin is doomed.   It will never fly unless it can be pretty much used for anything.   Crypto-currency is already vastly more complex then using cash, throwing rules at its use based on some absurd code based rules won't help.   
110  Economy / Trading Discussion / Re: When do you plan to sell? on: April 03, 2017, 12:34:29 AM
I'm going to need around $11500 USD to break even from all the scams I've been a victim of in the virtual currency world.   Most of these were mining related.   Angry
$11500? That's impossible mate it will take long time to reach your goal price and I'm sorry if you experienced scam most of mining will turn to scam in the long run trust me you will lose all your funds
Not impossible but it isn't likely to happen very soon.   I've been using my remaining BTC to make more BTC, just a lot more carefully these days.  Maybe 10 years from now I'll have double the BTC and only need $5750 to break even!   Cheesy
111  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AEON [2017-03-29: important update to 0.9.9.0] on: April 03, 2017, 12:13:33 AM
Hi I have the 0.9.8 daemon running and i downloaded the 0.9.9 source for windows , how do i update the daemon & wallet to 0.9.9 ? Thank you

You have to build it.   Since you are asking about it, you probably don't have much chance of successfully building it.   Probably best just to wait for the binaries.   If you are going to build it you have to get the correct toolchain in place as well as the correct versions of 3rd party libraries.   To figure out what you need you need to look at the make files or project files depending on what the source includes.   It is often much more involved that it sounds.   Even if someone provides step by step instructions there can be many pitfalls.   

 
112  Economy / Trading Discussion / Re: When do you plan to sell? on: April 02, 2017, 07:54:18 AM
I'm going to need around $11500 USD to break even from all the scams I've been a victim of in the virtual currency world.   Most of these were mining related.   Angry
113  Bitcoin / Bitcoin Discussion / Re: Japan to accept Bitcoin as payment method. on: April 02, 2017, 07:22:40 AM
That is good news.
My question is: what will happen if BU make the fork? That will be really bad for this recent improvement in Japan. What you guys think?

With this event, I doubt hardfork will happen. Since Japan made its step in accepting bitcoin, it will reflect to the trustworthiness of bitcoin itself and therefore, the preference of users will belong to bitcoin alone.

On the other hand IF the fork happens, it will greatly affect the recent improvement in Japan. Since the major effect of having fork is to greatly reduce the value of bitcoin, Japan's previously accepted BTC will lose so much value and you know that this is not a good thing to happen.

I don't think that line of reasoning is valid.  Accepting BTC doesn't mean the same as holding it.   Most businesses would probably have the transaction converted to fiat as quickly as possible.  The actual value of BTC wouldn't have that much impact on the ability to use it.

We cannot say that they would immediately convert their bitcoin into fiat. As far as I know, we (mostly) keep bitcoin for future usage, hoping for the increase of BTC's value. And with this in mind, we tend to keep them for a long time. And if the fork happens (hope not) it has a great impact.

That highly unlikely for most Japanese businesses.   Sure there could be some small time businesses doing that, but most Japanese businesses won't even accept foreign currency in Japan.   FOREX is the world's largest and most liquid market by far.   The viability of BTC is important but its actual value would be secondary.   What makes Bitcoin transactions viable would be the fact that a transaction could be done and the yen would show up in the proper account.   
114  Bitcoin / Bitcoin Discussion / Re: Japan to accept Bitcoin as payment method. on: April 02, 2017, 07:03:10 AM
That is good news.
My question is: what will happen if BU make the fork? That will be really bad for this recent improvement in Japan. What you guys think?

With this event, I doubt hardfork will happen. Since Japan made its step in accepting bitcoin, it will reflect to the trustworthiness of bitcoin itself and therefore, the preference of users will belong to bitcoin alone.

On the other hand IF the fork happens, it will greatly affect the recent improvement in Japan. Since the major effect of having fork is to greatly reduce the value of bitcoin, Japan's previously accepted BTC will lose so much value and you know that this is not a good thing to happen.

I don't think that line of reasoning is valid.  Accepting BTC doesn't mean the same as holding it.   Most businesses would probably have the transaction converted to fiat as quickly as possible.  The actual value of BTC wouldn't have that much impact on the ability to use it.
115  Economy / Speculation / Re: Bitcoin can break above $1,100 again? on: April 01, 2017, 06:28:52 AM
1,100 now! Grin

Huh?  I must of blinked and missed it.   Shocked
116  Economy / Speculation / Re: I believe we are under a big troll job by whales and miners on: April 01, 2017, 03:40:23 AM
Wow ... I must have taken a wrong turn somewhere, seems like I'm in the twilight zone ...  Undecided
117  Other / Meta / Re: Feedback system here is out of control on: April 01, 2017, 03:19:36 AM
Well don't engage in account sales and don't promote ponzi schemes, and you won't get tagged by people here.

I fully agree with you that the feedback system sucks.  Look at my feedback and you'll see that none of the negs reflect any trading or anything else.  They're all retaliatory.  Even HUGE BLACK WOMAN got negged.  But what can you do?  My suggestion is to do what I do and don't give a f$$k about the feedback.  There's nothing that's perfect in this world, and if you strive for a perfect feedback page here on the forum, you're going to be sorely disappointed.

From my experience you don't have to engage selling accounts or even ponzi schemes to trigger negative feedback.   Most the feedback is just triggered in having a different viewpoint form someone that is intolerant and you are correct it is just retaliatory.   You are also correct I should be bigger and not care.   Wink

I can think of ways the feed back system could be improved slightly, for example require a transaction id to back up scamming claims.   If it isn't on a blockchain it didn't happen.   Although I know that would never fly and people could easily work around it.   It is just that maybe random feedback is just too easy to post.  

So you are a black woman?   That is pretty cool.   I'm a white man living in Japan with teenagers that love to make fun of my nearly non-existent Japanese.  (At least in their minds ...)   I'm all for diversity.   Different schools of thought lead to creative approaches.  

Thanks I'll try to grow a thicker skin.

PS. Interesting site you set up.   While I'm not really into that, it is a bit different to see!
118  Other / Meta / Feedback system here is out of control on: April 01, 2017, 02:46:41 AM
People can slap nonsense feedback on you any made up reason.   There should be a way that feedback can be appealed and accounts that slap nonsense feedback should get negative feedback for doing so.   Basically there are just some users that are just jerks and probably use multiple accounts so that they can be a jerk in one account without any impact on their main account.   That seems somewhat shameful.    Then if they don't agree with something they just run around posting shill, sock puppet or other non-sense.   

I'm currently starting a new account because it is easier than dealing with the old one.   

Since I was never engaged in trading or encouraging people to engage in any particular activity I don't feel any feedback calling a scammer was justified.    It is a shame and I actually stayed away for over a year because it left such a bad taste in my mouth.   
119  Bitcoin / Bitcoin Discussion / Re: Japan to accept Bitcoin as payment method. on: April 01, 2017, 01:48:38 AM
Japan are no where near as involved as China but this can still only be good news for a country with such a huge population to recognise bitcoin as an official currency.

More fuel for the rocket.

I pointed out why earlier in this thread, it is the cost of electrical power.   In Tokyo we are paying well over 20 cents (US) per KWH!   In China power is probably 1/4 to 1/3 the cost it is in Japan.  So even though the Chinese government is very hostile to virtual currencies there is a lot more involvement.   Additionally the cost of living in China is much lower so that is what drives Chinese involvement.   

I don't think very many Japanese understand much about Bitcoin or even care.  Most of the people talking about Bitcoin here seem to be younger.   A lot of kids seem to know a good deal about it though.   

In some parts of Europe and the US power is pretty cheap and you have people heavily involved on their own, maybe not so much  Bitcoin but in virtual currencies of some kind.   It isn't the law that drives it, it is simple economics.

That being said Japan is used to virtual money.   There are more credit cards now and point cards are extremely popular.   While Japan is still more cash focused that say the US, in some ways people are more used to money being just numbers here.   Most on-going bills are paid from bank account transfers and mostly that is automatic.   The only monthly bill I have to pay is gas and even that I go to a convenience store like 7/11 and pay there.   In fact there are very few bills you can't pay at a convenience store and they don't charge any fees for that.

Japanese are very progressive when it comes to technology.   It isn't the government that drives that, it is the people that drive the government.   However when it comes to safety the Japanese are ultra-conservative.   That is what will slow Bitcoin adaption because Bitcoin isn't very safe in the eyes of many people.   
120  Bitcoin / Bitcoin Discussion / Re: Japan to accept Bitcoin as payment method. on: March 31, 2017, 04:55:23 AM
It seems to me that most people posting here don't really seems to know very much about Japan.   Japan hasn't been unfriendly to Bitcoin and there are even some BTC ATMs around Tokyo.   A lot Bitcoin events have happened in Japan, remember Mt. Gox?  (About 20 minutes from where I live.)

The problem in Japan isn't laws, the problem is the cost of power.   It has been getting better, but I'm still playing about $0.23 / kwh.   There will be some nodes setup and a lot of people will use Bitcoin but probably it will be curbed a bit because electrical power isn't cheap in Japan.  
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