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81  Other / Off-topic / Re: Do you actively spend your bitcoins? on: November 12, 2015, 09:09:21 AM
yes of course,bitcoin is my simple payment,i can buy mobile topup almost everyday,and i fill my internet quota also with money from bitcoin,i also buy electric token with bitcoin,its a simple and wonderfull payment,i dont need out from my room to buy mobile top up and electric token. and i hope many services in my country accept bitcoin,it will make easy to cunsumer like me,not just me,my friend also hope like that,almost everyone may be  Grin
82  Economy / Economics / Re: Should I believe in Bitcoin ? on: November 12, 2015, 07:58:53 AM
its up to you. but i suggest you to believe it,but not with all your heart,you can start to earn free bitcoin to make sure that you believe it.and you can buy it someday,and make some invest or trade if you really believe in bitcoin. lets hope bitcoin will believeing or trusting by everyone and every country in the world. dont wasting time get in touch with future payment and future currency  Cheesy
83  Economy / Economics / Re: Is it a good long term investment to buy 1 BTC today? on: November 12, 2015, 06:23:54 AM
everyday,i alwasy think that its a good time to buy 1 or more bitcoin for long term investement,lets see about price movement,its up to you to decide it,but you also have to looking for any price predictions,if you hope that bitcoin price will keep stable or going up for a several next years,you should buy it,and of course it depending your predictions and market information. and for me,i hope someday will buy 1 or more bitcoin for long term invest,because i believe that bitcoin have a good future  Grin
84  Bitcoin / Bitcoin Discussion / Re: Can anyone recommend a good Bitcoin documentary? on: November 12, 2015, 06:03:37 AM
The best bitcoin documentary is "Bitcoin, The end of money as we know it" .
It is filmed in such a convincing way that really gets you thinking about the power of money and how much we need something like bitcoin to completley flip the current financial structure on its head. Also, the funds for the documentary were raised in bitcoin I believe so that is pretty cool as well.
85  Bitcoin / Bitcoin Discussion / Re: What's stopping people from using bitcoin? on: November 12, 2015, 05:55:30 AM
I believe the biggest reason besides lack of knowledge is fear, people are afraid of change, plus the fact that bitcoin are not physical unlike printed or minted currency. The average individual doesn't understand how digital currency works even though their own governmental currency is basically digital. The tangible will overshadow the intangible even if it is just an illusion.
86  Economy / Economics / Re: The Halving - Good or Bad for Bitcoin? on: November 11, 2015, 03:18:29 PM
As a trader, it's a big development in btc and sure is something that'll probably make the prices rise. So bring it on Smiley
The halving is an inherent feature of the Bitcoin protocol, and no one really knows what will happen after.
The theory says that as the currency reduces its emission flow, the feeling of scarcity will become more evident, and prices will tend to rise.
87  Bitcoin / Bitcoin Discussion / Re: Chinese Government Starting to Buy Bitcoin? on: November 11, 2015, 03:11:36 PM
I am sure they are, they are very smart when it comes to investment.
Look how much gold they bought up, crazy amounts. I'm sure they got their hands in the bitcoins as well. I wish they would send me just a little lol
88  Bitcoin / Bitcoin Discussion / Re: Why do hardware wallets like Trezor create 100 addresses? on: November 11, 2015, 03:04:22 PM
New addresses are commonly used in Bitcoin transactions for sending change back to the originating wallet.  So the wallets (even Core does this) create a bunch of private keys upon initialization (referred to as the 'keypool'.)
This is so that the client will have a free address when it needs to create a transaction and won't need to wait for a new one to be generated.
89  Economy / Economics / Re: Why bitcoin value in dollar always changes? on: November 11, 2015, 02:46:04 PM
That happens for all currencies when compared to another currency. I write for a Canadian stock website. I get paid in CAD even though I'm in the United States. Sometimes I get paid about $0.76 per $1 CAD and sometimes I get paid $0.80 per $1 CAD. That's an exchange rate. The same happens with bitcoin. When more people are buying a currency, it gains value against other currencies; when more people are selling a currency, it loses value against other currencies.
90  Bitcoin / Bitcoin Discussion / Re: Indonesian now in the top 10 bitcoin market in world... on: November 11, 2015, 02:42:27 PM
IIRC bitcoin is illegal in indonesia.  Huh
how can bitcoin be tradable in indonesia?

let me explain little fact,i know this from any news about bitcoin in indonesia.yes thats right that bitcoin illegal in indonesia,but there was many bitcoin traded there,it because bitcoin have a good community they also have CEO of bitcoin indonesia,bitcoin illegal but not prohibit to be traded,they able to have bitcoin,but they cant use bitcoin for payment,indonesia govenor just legalize payment with local currency (IDR). that whyso many bitcoin traded in indonesia.
91  Other / Off-topic / Re: Are you buying bitcoins? Why? on: November 11, 2015, 01:13:29 PM
so far,i dont buy bitcoin,i just looking for and do some work for bitcoin. but for some reason,i think buy bitcoin was good decision,i just magine that someday i will buy buy bitcoin,and it happen when a have a lot of "cold" money,of course when bitcoin price really going downye i buy it for price increase. i hope bitcoin more popular,and many shop accept bitcoin,and on that time,i will buy bitcoin for my stock. i think thats not too bad  Grin Grin
92  Economy / Economics / Re: If Bitcoin goes up very high should i buy a house? on: November 10, 2015, 05:17:22 PM
yes you should buy it. bitcoin was a future technology if shared continusly,and people will glad if thy can bought something new with new payment or new currency,lets spread bitcoin. and by the way,i also build my small house on my town,and some of stuff bought with cash from bitcoin,i will tell my story to my child sometime,and i think on that day,bitcoin more popular,or may be has gone..but i still hope that bitcoin will accepted everywhere,and legall everywhere  Grin
93  Economy / Economics / Re: Bitcoin halving to be canceled? on: November 10, 2015, 04:54:17 PM
Nope, 259 days to 12.5 Bitcoin block

http://www.bitcoinblockhalf.com
94  Other / Off-topic / Re: 2016, The Year of Bitcoin? on: November 10, 2015, 04:46:56 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  Wink Wink
95  Bitcoin / Bitcoin Discussion / Re: 40,000 stolen Bitcoin suspect Zhou Tong's co-founder is currently doing an AMA on: November 10, 2015, 03:50:43 AM
i've been read the zhou tong article about his leaving bitcoin,and really confuse about the truth. i dont think if zhou has been suspecte for this case,but whatever they think and talk about this case,i wish the best for bitcoinac case.
96  Bitcoin / Bitcoin Discussion / Re: What's stopping people from using bitcoin? on: November 10, 2015, 03:06:12 AM
I believe the biggest reason besides lack of knowledge is fear, people are afraid of change, plus the fact that bitcoin are not physical unlike printed or minted currency. The average individual doesn't understand how digital currency works even though their own governmental currency is basically digital. The tangible will overshadow the intangible even if it is just an illusion.
97  Economy / Economics / Re: My 21BTC Dream on: November 10, 2015, 02:37:32 AM
This week, i'm gonna buy BTC for a total of 21. Then, i'll storage them offline and just forgot bout it for 5/10/15 years. Waiting they'll reach  a comparable value of 21M $.

How i'll use them?

12M $ = live with 10K$ / month from here to other 100 years
2M $ = to my parents, for them retire
5M $ = for further investment
2M $ = for beneficence (cancer, sla, aids, handicap)

What do you think about my dream?

really impressive dream,and inspiring me to do that too.
but nowdays,i dont have that much for buy bitcoin,but i hope for several years i can do that.
lets hope that bitcoin price will really good for next some years,and about your dream,i think i have to add some option,it was :
1M$ = giveaway for any bitcoiner  Grin
1M$ = make small bitcoin corporate  Grin
98  Economy / Micro Earnings / Re: In 2015, faucets are bad for bitcoin on: November 10, 2015, 01:59:30 AM
When BTC started, nobody had any and it was worthless, so it was right to give away thousands of BTC to make it popular. All that has changed. Now that BTC's worth something, now that companies are building on BTC, now that serious business transactions are made with bitcoin, it's about time for faucets to adapt.

BTC is real. It's money, and you've got to work to earn some. I hope all faucets will disappear in 2015. Faucets are hurting bitcoin by making some people believing you can get it while doing nothing sitting in your home. No, BTC isn't like that, and it shouldn't be any easier to get than any fiat currency. Even for small amounts.


i think,faucet must be keep alive,just because many people have new experiment with bitcoin,and they should try a free bitcoin without risk,without worrying that they can lose their money cause a bitcoin price,they should be have many experiment and know about everything about bitcoin include bitcoin faucet,and i think nowdays faucet have a limited and very small amount of free bitcoin,and while i post this,i think many faucet was closing their website with any reason  Grin
99  Bitcoin / Bitcoin Discussion / Re: I'm leaving Bitcoin on: November 10, 2015, 01:55:05 AM
No, this isn't related to the Bitcoinica hack. The hack just makes the choices obvious and straightforward.

I, Zhou Tong (Zhou is my surname), will discontinue all involvement in Bitcoin-related projects after the Bitcoinica incident has been fully resolved until further notice.

I always believe in Bitcoin, or simply anything that brings people financial liberty. I have heavily invested in Bitcoin (I purchased one 1,000 BTC gold coin from Casascius and will keep it for as long as I can). And I have enjoyed what I have done for the Bitcoin community.

Really, thank you for all the wonderful support. It feels great to have an experimental project become the "best thing since sliced bread", and run one of the most profitable businesses in a new economy. Bitcoinica has a total historical revenue equivalent to about 0.67% of the whole Bitcoin economy. Not even Apple can match this record in the real world economies.

The first time I read about Bitcoin was in late 2010. My first reaction was "these coins are cheap, maybe it just doesn't work". I learned about Bitcoin again in mid 2011, when the first bubble started. I bought my first Bitcoin when it fell to $8. I told all my close friends and classmates about Bitcoin, simply because I think it's a cool idea. The idea of a margin trading platform quickly went into my mind, and I started working on Bitcoinica.

I lied about the time it took to build Bitcoinica. (I said I spent one week on it.) I started on September 4, 2011 and launched on September 9, 2011. Just four and half days. In a week, trading volume passed one million dollars. I started making profits like crazy.

In November, an investor approached me to acquire Bitcoinica. Due to regulatory concerns, I agreed to the deal and signed the agreement. Bitcoinica was sold for a good price. However, since the investor is unable to arrange for a replacement team, I continued to become the sole operator until Team Intersango took over two weeks ago. The investor let me keep all profits until late January, the official handover time. After handover, he continued to offer generous salary and performance bonus every month. The investor demands his identity to be protected so I won't share more information on this.

I left school in Singapore and decided to continue my education in Australia. I made the decision because of the Internet industry, and the hacker culture. I'm a web developer and I want to become a really good one. I want to work with smart hackers and wonderful designers to change the world. Singapore isn't particularly good at this. (Obviously, US West Coast should be a better choice, but for some other reasons I didn't consider US.)

I have started working on another project (not Bitcoin-related) that is going to make a little difference on the Internet. So far I have achieved great progress and I'm pretty confident about this new venture.

My life hasn't changed much except that I became more confident after Bitcoinica's success. I realized that I have the power to make something profitable. Such kind of confidence is extremely hard to get, until you really experience a significant success. I worked on several projects before, and all of them failed eventually. I thought I was confident because I kept building new stuff and improving myself. But the real confidence comes from the success itself.

I failed at one thing though, that is generating value for the society. Bitcoinica did create a place for people to trade more efficiently and provide liquidity to the market. However, speculation is a zero-sum game (or negative-sum, strictly saying). I know there can be many justifications for Bitcoinica's value, but all of them are against my intuition and values.

With the confidence and the innate intuition to build wonderful things for a better world, I decided to move on. I didn't quit Bitcoinica because it's the only source of income that I currently have.

I know that my time is valuable and industry establishment is really important. I don't want my name to be remembered by only Bitcoiners. It's true that I believe in Bitcoin's potential, but not everyone believes. If I'm a influential person I wouldn't have to do this, but the best way to be known in the Internet industry is to build products that save people time, money and headaches.

I'm going to be a young entrepreneur that solves problems for everyone. I leave Bitcoin only because it doesn't help address my real needs. Making money isn't that important after all.

I'll be a Bitcoin lover forever, and I will come back to this forum regularly to discuss about the future that's in our own hands! I will keep the 1,000 BTC  gold coin as a lifetime investment and I'm pretty confident that it'll be the best investment ever in my life.

Bitcoin FTW!

really inspiring story,and you are a good person,with very good skill..
you are lucky man,know bitcoin early on 2010,on that year i new t start my college,and maybe if i know that time,i will have a little lucky like you  Grin
but i know bitcoin on 2014,its too late i think,and my limited acces was influence my profit,but i still have to thanks to my god for this all,for my chance to know bitcoin.
and good luck for your future,and i hope when i post this,you still come to this forum,and make some check to bitcoin condition  Wink
100  Economy / Economics / Re: China Behind Bitcoin's Price Rise? on: November 08, 2015, 06:54:21 AM
i think not just me,who was shocking about bitcoin price on past week,and everyone going mad,and blame china was the "narrator". on issue that chinese investor start to bought bitcoin to safe their assets. but i have read some articles and news,that not just china  behind of this,but master of MMM hyip or multi level has start to get in bitcoin to their deposite method,and i think it was a serious problem..unfortunately i forgot about this article
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