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2461  Economy / Speculation / Re: rpietila Wall Observer - the Quality TA Thread ;) on: April 10, 2014, 05:58:00 PM
Edit: I am more convinced than before that your trendline errs on the side of predicting a BTC/USD rate on the low side and can lead to a premature sell indicator.

The sell signal is when price = 3*trend Smiley

I understand this but if the trend is below where it should be then the sell signal will be premature.
2462  Economy / Speculation / Re: point of maximum pain on: April 10, 2014, 05:53:26 PM
If we are not there already we are pretty close. April 2011 really comes to mind here.
2463  Economy / Speculation / Re: rpietila Wall Observer - the Quality TA Thread ;) on: April 10, 2014, 05:31:14 PM
...

Please anyone sell me BTC500 at market, off-exchange..? Wink

I cannot help. I am holding although these bears are making it very tempting also for me to buy. I would suggest Second Market https://www.secondmarket.com/. They may be able to help.

Edit: I am more convinced than before that your trendline errs on the side of predicting a BTC/USD rate on the low side and can lead to a premature sell indicator.
2464  Bitcoin / Bitcoin Discussion / Re: Let's get the facts straight about Apple. on: April 09, 2014, 04:03:26 AM
how anyone can talk about freedom and use apple is beyond me.


Many people who care about freedom and civil liberties are not knowledgeable about technology, software and computers at all. So they end up using Apple or Microsoft products because they are not even aware of the issues and alternatives. They may be experts in other areas such as organic farming and the evils of GMOs. In some cases it can be as simple as "Free Software" is to "Organic Seeds" as "Apple" is to "Monsanto".

2465  Bitcoin / Bitcoin Discussion / Re: Let's get the facts straight about Apple. on: April 09, 2014, 03:42:32 AM
iphones are for old people, little girls, and toddlers.

Age has nothing to do with this. By the way I first developed my loathing for DRM in the 1980's when it consisted of deliberatively creating bad sectors on 5.25in floppy diskettes. Ever heard of the term "Defective by Design".
2466  Bitcoin / Bitcoin Discussion / Re: Let's get the facts straight about Apple. on: April 09, 2014, 03:39:24 AM
Fuck Apple and their overpriced products

Overpriced? Yeah, right.

HTC One (M8) 32GB: $829
Samsung Galaxy S5: $649 - $749
Apple iPhone: $649 - $849 (32GB is $749 which is actually CHEAPER then HTC One M8)
Nexus 5: $450 total for a 32GB ($50 shipping. Meanwhile, Apple charges $0 for orders over $50)


Computers:

Windows PC: $799 + Blacktop Protection (consumers) + Anti-Virus (5 yrs, $200+ total) + Microsoft Office / 365 Subscription (5 yrs, $99/year $500 total) = $799 + $100 + $200 + $500 = $1599. You need to factor in Windows 9, which will undoubtedly cost $119, and then future part upgrades, which would cost at least $300. So, in total, $1599 + 119 + 200 =2018. Even if you take out the 365 subscription, the total cost over five years is $1518, give or take part upgrades, OS upgrades, and even monitor upgrades.

iMac: $1299 + AppleCare + iWork/iLife (Free) + Free OS Upgrades = $1299 + 99 = $1398.
Mac Mini: $799 + Monitor = $999, $1099 with AppleCare.

So, in reality, you actually pay more when buying a PC, albeit over five years.

Start with Windows PC: $799.00 Defenestration $0, Install GNU/Linux $0 Keep for 10 years or so $0. Upgrades over 10 years $0 Over 10,000 Floss Applications $0 Total cost over 10 years $799.00.  
2467  Economy / Speculation / Re: IF BITCOIN GOES BELOW 100$ on: April 08, 2014, 01:00:22 AM

People like you are the worst  Roll Eyes

+ 21000000
2468  Economy / Speculation / Re: IF BITCOIN GOES BELOW 100$ on: April 08, 2014, 12:18:43 AM
My strategy:

1) Hold for the bulk of my portfolio in BTC
2) Sell BTC CFDs on margin on a trigger below 380. Risk a small amount of fiat about 5% of my portfolio based on a BTC valuation of say 100 USD.
3) Ride the bear down to around 100 USD. Take profits in fiat.
4) Use  67% of fiat to buy BTC in the double digits. Add to my BTC holdings.
5) Save 33% of fiat to pay taxes and increase fiat position

On the rebound repeat above with long CFDs.

1) Hold for the bulk of my portfolio in BTC
2) Buy BTC CFDs on margin on an upward trigger. Risk a small amount of fiat about 5% of my portfolio based on a BTC valuation of say 100 USD.
3) Ride the bull up to the three or four digits BTC/USD. Take profits in fiat.
4) Use  33% of fiat to buy BTC in the triple or quadruple digits. Add to my BTC holdings.
5) Save 67% of fiat to pay taxes and increase fiat position.

Net result increase of both BTC and fiat positions.

I started buying BTC in late 2011 in the single digits, have already taken out my initial investment in fiat and have over 60% of my peak BTC left. Having said this while I would welcome the opportunity this would provide to increase my BTC holdings, I seriously doubt it will happen. 

Edit: My most painful BTC experience was two years ago watching BTC drop from 7 USD to 4 USD below my average cost. At the time I chose to hold.
2469  Bitcoin / Mining speculation / Re: Miners DUMPING their ASICs on: April 07, 2014, 09:15:26 PM
They will become heaters in Nordic country

Or Canada ...
2470  Bitcoin / Bitcoin Discussion / Re: Let's get the facts straight about Apple. on: April 07, 2014, 08:29:16 PM
I've seen some posts (here & on reddit) which bash Apple for their Bitcoin app ban. Firstly, Apple has not banned Bitcoin. If they did, then why are "read-only" Bitcoin apps still allowed? That has no logic in it at all. Secondly, according to the Developer Guidelines, the app's content and/or service(s) must be legal everywhere the App Store serves apps. Thus:

1) Bitcoin has shady legal status in several overseas countries. India has declared Bitcoin an Ponzi scheme (yeah, right!), and others have outright banned Bitcoin. Thus, if Apple were to offer these apps in those countries, then because Apple is the world's most valuable billion dollar company category and thus, the largest then those governments have the opportunity to sue Apple.

2) The reason why Blockchain was removed is because Blockchain updated the app and provided false screen shots. Providing screen shots that do not match the app itself is against the Developer Guidelines. Another violation of the guidelines is the fact that the Blockchain's app description made no mention of the sending and receiving Bitcoin.

In conclusion, Apple is just protecting their collectively large asses from money hungry governments.

As someone who has been bashing Apple on these forums for over two years, and on other forums before Bitcoin even existed, I consider that this post deserves a proper reply rather than just an f bomb directed at the OP and Apple.

The first issue to realize is that Apple's business model for IOS is based upon censorship and oppression. This is because in order to collect rents form the works of others Apple must tightly control how an IOS device is used. What is so fundamentally wrong here is that Apple uses DRM to prevent an app from a store other than their own from being installed on IOS devices. This is fundamentally no different from a furniture manufacturer dictating to someone who purchases a bookcase that all books to be placed on said bookcase must come from a book store the manufacturer owns.

The net effect of the above is to turn the normal polices that a store would use to determine where or not to stock an item into a tool for censorship and oppression. The polices of the store become irrelevant. Apple is always in the wrong regardless of what the polices of their store say.


To understand this issue better let use look at the issue of legality. One the surface saying that a store only sells items that are legal in all the jurisdictions they do business is a perfectly reasonable policy; however when it is combined with the DRM above it serves to greatly magnify any censorship or oppression a government may apply by extending that same censorship or oppression across the world. So for example if the government of China decides to suppress and censor the teachings of the Dalai Lama Apple will then by their policy extend that suppression and censorship to countries like The United Sates, Canada, Western Europe etc. One the flip side an app say depicting deaths by US drones, and this displeases the US government, Apple will now extend the censorship to say China, or the Middle East etc.

Now when it comes to Bitcoin, I see the censorship of Bitcoin by Apple in many ways as a blessing in disguise. Apple will not be able to stop Bitcoin, but what will most likely happen is that as a result of Apple's censorship of Bitcoin, Bitcoin will bring down Apple's IOS business model resulting in a major contribution by Bitcoin to freedom and liberty around the world.
2471  Bitcoin / Press / Re: [2014-04-07] What is the Carbon Footprint of a Bitcoin? on: April 07, 2014, 05:33:19 PM
This question ignores a very important issue namely what exactly happens to the heat produced by Bitcoin mining. If one mines Bitcoin where there is a need for space heating, with most parts of Canada during the winter being an extreme case, then the carbon impact may in fact be negligible if at all since the Bitcoin mining is displacing another source of carbon emissions that would have been used to provide the space heating. At the other extreme if one mines Bitcoin in say parts of Africa then the carbon emissions will be magnified by the need to cool the mining equipment. The net impact of this is that "proof of work" may end up becoming "proof of cold" as Bitcoin mining will by the forces of economics migrate to where the heat produced is actually a valuable commodity rather than a waste product.

The net result of this is that a Bitcoin transaction in January in say Melbourne would be sent via fibre optic cables to Winnipeg for processing. The reverse situation would occur in say July.
2472  Bitcoin / Bitcoin Discussion / Re: Apple vs. Bitcoin - war is over? on: April 07, 2014, 02:39:41 AM

This is a good start; however RMS has only scratched the tip of the iceberg when it comes to what Apple has censored.
2473  Bitcoin / Bitcoin Discussion / Re: Apple vs. Bitcoin - war is over? on: April 07, 2014, 02:35:35 AM
Bitcoin is not mainstream yet. It won't hurt apple. Apple will allow bitcoin wallets when bitcoin becomes mainstream.

By then it will be too late and the damage to Apple will be done.
2474  Bitcoin / Bitcoin Discussion / Re: Apple vs. Bitcoin - war is over? on: April 06, 2014, 10:03:21 PM
I welcome companies to develop apps which challeges App Store's policy. If more and more companies try, Apple will have to reconsider their stance on the policy, let it be Bitcoin or other areas. If there is public support of these apps to a point that banning will hurt their iPhone sales, they will have to do something about it.

It is not the Apple store policy which is wrong. Apple should be free to choose what to carry in their store. Where the real evil lies is in Apple's policy of using DRM to prevent the installation of apps from outside of their store. One of the results of this use of DRM by Apple is that in certain situations Apple is always in the wrong regardless of whether they chose to allow or not allow an app in their store. What this unofficial IOS store does is address the use of DRM to block apps from outside the Apple store which is the real evil.
2475  Bitcoin / Bitcoin Discussion / Re: Apple vs. Bitcoin - war is over? on: April 06, 2014, 09:36:56 PM
This is a battle in a war that is far from over. One one side we have basic human rights, civil rights, civil liberties and basic freedoms such as freedom of speech,  freedom of religion, freedom of enterprise, etc. On the other hand we have a powerful corporation hell bent on micromanaging its clients in order to extract rents from other peoples work.


It's a cell phone app store not a civil right.  The owner of that app store gets to say who and what is in it.  Period.  The app store is not a free speech venue for anyone except for Apple.  

I do not like Apples decision, and I think it will HURT THEM.

It is a civil right because Apple uses DRM to prevent the owner of a phone from installing an app from another app store. It is like the manufacturer of a bookcase telling the purchaser of the bookcase what books she can put on the bookcase.

Edit: This is never about forcing Apple to carry an app in their store.
2476  Bitcoin / Bitcoin Discussion / Re: Apple vs. Bitcoin - war is over? on: April 06, 2014, 09:16:25 PM
Apple needs to tread lightly in its response.  The masses want bitcoin wallets.
This is not just about Bitcoin. Apple has been actively censoring all sorts of things since long before Bitcoin even existed. There is a very important historical lesson here: https://en.wikipedia.org/wiki/First_they_came_...
2477  Bitcoin / Bitcoin Discussion / Re: Apple vs. Bitcoin - war is over? on: April 06, 2014, 09:02:31 PM
This is a battle in a war that is far from over. One one side we have basic human rights, civil rights, civil liberties and basic freedoms such as freedom of speech,  freedom of religion, freedom of enterprise, etc. On the other hand we have a powerful corporation hell bent on micromanaging its clients in order to extract rents from other peoples work.

I expect the side of freedom and liberty to win, and Bitcoin will likely pay a very positive part in this but I do not expect this fight to be easy.
2478  Bitcoin / Press / Re: [2014-04-05] CoinDesk - Unofficial Apple iOS Store to Allow Bitcoin Wallet Apps on: April 06, 2014, 04:59:46 PM
What can Apple even sue for? How can they legally keep people from installing things they don't want them to?

There are many ways:
1) End User License Agreements (EULAs) which most of their customers accept without reading them first.
2) DRM
3) Anti-circumvention laws. For example the DMCA in the United States. There are many such laws around the world based on the WIPO treaties. Most people do not realize that Copyright Law of all things has become a very significant tool for censorship and oppression in the 21st century.
2479  Bitcoin / Bitcoin Discussion / Re: Bitcoin Virus? on: April 06, 2014, 04:02:26 PM
That should be fine.  

If you really want to have fun run combofix, that one also treats bitcoin-qt as a virus and deletes the entire directory, including the wallet.

... and irreversibly loose my Bitcoin. No thanks. I would stay well away from Microsoft Windows when it comes to Bitcoin. GNU/Linux is far safer.
2480  Bitcoin / Bitcoin Discussion / Re: Biggest issue needed to be resolved? on: April 05, 2014, 11:34:54 PM
The 1MB block size limit.
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