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4241
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Other / Beginners & Help / Re: Which is the best way to earn btc
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on: February 13, 2017, 09:23:35 PM
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1) Cloud mining:.. some sites are still paying and some sites are scam.what ever the sites paying that amount is very less in daily basis.
2)... gambler sites ... its completely loss. ...
3)... free bit coin earning sites. like faucet providing sites or satoshi paying sites. this are paying very little amount.
4)... doubling and tripling websites ... scammed me and they have took my 10$
5) finally some one has suggested for BTC trading ... i will get just 10 ro 20$ profit ...
6)i cannot do BTC mining with physical setup because electricity is very costly.
Hopefully, newbies will read your post because your experience is typical. It is too bad that so many people lose so much time and money only to get to where you are now. (Unless you live in a poor country), the easiest, fastest, most efficient, and most convenient way to obtain bitcoins is to buy them. Get a job. Earn money. Buy bitcoins. There is no better way. |
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4242
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Bitcoin / Bitcoin Discussion / Re: RogerKver invested $13k into a (ponzi)?
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on: February 13, 2017, 08:13:00 AM
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he's a crazy guy, it's unbelievable that he can invest such large sums of money into Ponzi. He did not think about the consequences of it, it's worse when he believes in Ponzi, a place where anyone hate. perhaps we should wish him luck and do not lose that money, however, should be someone to help him realize the dangers of Ponzi, if not, he will lose everything.
You know it's a scam, yet you believe what they write? BTW, they also said that Kim Dotcom was their biggest investor. Do you believe that, too? |
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4243
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Economy / Economics / Re: Bitcoin defeats the Chinese government
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on: February 13, 2017, 12:42:18 AM
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China has been trying to short the bitcoin market a couple of times now by making weak hands panic sell on every of their PBOC announcements.
The PBOC is obviously using their power to destabilize the market in order to keep stealing money from weak hands and profit from margin traded short positions as well.
So, you believe that the PBOC is buying bitcoins and/or shorting it? I'm skeptical. Where's your evidence? |
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4246
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Economy / Economics / Re: With sound money in place (BTC, Gold,...) all consumer credit is gone
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on: February 10, 2017, 07:29:03 AM
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Hi,
I was wondering, did anyone of you ever thought about that if there were only sound money in place such as (BTC, Gold,...) all consumer credit is gone
Why couldn't someone borrow bitcoins? The easy credit is currently based on money borrowed that they don't have. If Bitcoin is in place and then the actual Bitcoins would have to change hands the interest rate won't be what is it today but at least double. So then you don't actually believe that "all consumer credit is gone", it would just be more expensive like it was 20 years ago. Also, there is no reason why there couldn't be fractional reserve banking with Bitcoin. I think it is inevitable. |
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4251
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Bitcoin / Bitcoin Discussion / Re: BitCoin Volatility
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on: February 08, 2017, 12:59:06 AM
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A state or company could reduce volatility by encouraging adoption of Bitcoin as a medium of exchange, or at least removing their impediments to adoption. Volatility is primarily due to speculation, and increased adoption as a medium of exchange would reduce the effect of speculation, and thus reduce the volatility.
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4252
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Other / Beginners & Help / Re: Newbie
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on: February 06, 2017, 07:53:08 AM
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Bitcoins are the same no matter where they come from. Once you get the bitcoins, you can do whatever you want with them.
Bitcoins aren't normally sent to ab email address unless you go through a company that provides such a service.
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4254
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Economy / Service Announcements / Re: upgrade Directory.io program
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on: February 02, 2017, 07:26:53 PM
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WARNING: DO NOT SEARCH FOR AN ACTUAL PRIVATE KEY AT THIS SITE. TELLING THE SITE YOUR PRIVATE KEY WILL ALLOW IT TO TAKE YOUR BITCOINS. Thanks Cpt. Obvious. Why not put the font size to 72pt or something like that? Never enter private keys to any site anywhere. Ever. So it applies also to the aforementioned site. No news there. It was originally posted in the Beginners & Help sub-forum, so I think the warning was very appropriate. |
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4255
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Economy / Service Announcements / Re: upgrade Directory.io program
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on: February 02, 2017, 07:47:18 AM
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If you generate private keys randomly, it will be extraordinarily unlikely that you will you ever see one at the very beginning or at the very end. Oh, and this... WARNING: DO NOT SEARCH FOR AN ACTUAL PRIVATE KEY AT THIS SITE. TELLING THE SITE YOUR PRIVATE KEY WILL ALLOW IT TO TAKE YOUR BITCOINS. |
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4257
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Economy / Economics / Re: What is the best way to invest/grow your Bitcoins?
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on: January 31, 2017, 11:39:32 PM
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... says the member of a signature campaign. While I'm sure you don't post to make money, most signature campaign members do. Signature campaigns make equally trivial amounts of money. A person can make more money doing menial labor than they can make by posting for a signature campaign.
Again, you're forgetting about discrepancies of the world wealth distribution and existence of the 2nd and 3rd world countries. There are places where signature campaign monthly wage is higher than money people can earn by doing 'mental labor' in 'real job. Minimum wage of $15/hr is reality only in the wealthiest countries in the world. Citizens of 1st world nations tend to forget that part. I am aware, but I agree that many people in the rich nations are not. People in the U.S. complain about the "1%", but don't seem to realize that they are in the "1%" when you consider the entire world. An income of "only" $33k USD is enough to put your income in the top 1%, according to http://www.globalrichlist.com. |
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4258
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Economy / Economics / Re: What is the best way to invest/grow your Bitcoins?
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on: January 31, 2017, 10:16:50 PM
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So far I'm only a newbie here, I don't have full of knowledge about in bitcoin, I'm in the stage of learning process. For what I do now is bitcoin faucets, reading in the forum to gained more knowledge about everything here.
with all due respect, faucets are a complete waste of time. just like watching advertisements online for bitcoin, its just not worth the effort/time spent, how much can you make of it? 2$ for 6 hours or work? even working out there for a minimum wage and use the few bucks you can save buying bitcoin seems like a better idea. ... says the member of a signature campaign. While I'm sure you don't post to make money, most signature campaign members do. Signature campaigns make equally trivial amounts of money. A person can make more money doing menial labor than they can make by posting for a signature campaign. |
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4259
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Economy / Economics / Re: Banning Usury will promote cryptocurrencies
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on: January 31, 2017, 07:20:26 PM
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I understand that. And I don't claim that the producer shouldn't get any profits. But this is not the real issue. The real issue here is that the amount of money in circulation doesn't change. Say, the consumer and the producer have $100 each at the start (let's break free from the borrower/lender dichotomy for simplicity), and the consumer also happens to work for the producer. So, at the end of the production cycle, the producer should get income of $105 and pay $100 to the worker (who is also the consumer). The consumer gets paid $100 for his work as well as pays himself $105 for apples. Now the producer has $105 while the consumer only $95. Both were not sitting idly, but in the end the wealth got redistributed, and someone (the producer) ended up wealthier while someone else (the consumer who is also the worker) poorer, any way you look at it. By the end of the next cycle, the producer will have 110 dollars while the consumer (the worker) just 90 dollars, until the worker can't pay for apples at all
And how could this system be sustainable in the long run?
I agree that more productive people gain a disproportionate share of the wealth, and it is not sustainable. It eventually results in revolution where the haves become have-nots. But this has nothing to do with a fixed money supply. How does that have nothing to do with a fixed money supply? I basically proved to you that the reason for this system to be unsustainable is exactly because of a fixed money supply. If you don't really see how it is the crucial point here, assume that there is a dynamic money supply. In that case, the profits of the producer will be from the new money created, i.e. at the end of each cycle new 5 dollars will enter the system, and the producer gets this money while the worker still has his 100 dollars and is able to buy the same amount of apples each cycle without becoming poorer. The producer can then expand production and start growing oranges as well as hire two children of the worker for this new production. So more wealth get created in the end with everyone becoming wealthier in real as well as nominal (money) terms It appears that you are assuming that all the wealth in the world is backed by money, but that is not the case. If you determine the total wealth in the world, you will find that it far exceeds the total amount of money in the world, by orders of magnitude. The wealth of the world grows because people are productive and they create value and not because there is more money. |
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4260
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Other / Meta / Re: Where Do I post?
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on: January 31, 2017, 06:24:57 PM
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Welcome! Feel free to participate, but if you are asking where to post referral spam, pyramid scheme spam, and ponzi scheme spam, my preference is that you don't post at all.
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