It kinda depends on how much money you want to loose? Loosing money is the most likely outcome of cloud mining. Think about it. If the operators had profitable miners then why would they tell you? That's not to say it is impossible to be profitable, just unlikely. Look at the picture below. That is what a profitable mine looks like. The days of homebrew are mostly over. Still, you might be interested in learning more than money. In that case you could learn a lot mining.  |
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This is a smart move by Sony. Sony has been struggling in recent years in the smartphone industry against Samsung and iPhone.
Accepting bitcoin and integrating a bitcoin payment app into their smartphone software would be a step forward into the future of online and smartphone payments.
I'm a Sony smartphone user as well as a PS4 user, can't wait to start using bitcoin to pay for my apps and games. Great move Sony!
Sony has good smartphones with the last generation (Z-series), if Sony integrate bitcoin, this will really change the market price. Agreed. And the cool part is that Qualcomm has developed the chips for bitcoin hard coded transactions. Everything is in place for a bit-phone. |
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-snip- Depends on how you obtain those bitcoins you are sending across the world for pennies... If you have to buy them, like a lot of people have to do (whether that's because of lack of knowledge or lack of funds to start mining) then your identity is in fact tied to your new money... You have to pay through your bank, which has all the info in the world about you and your identity. If some clever person where to really want to get your identity if he/she realizes that you paid for your bitcoins, then theoretically it could be done.
I am not concerned about a crook stealing my identity, it's my money that an identity thief wants. I once gave out my Overstock password and login. People were free to see what I had bought and what was in my basket, but without any credit card info they could not steal from me. Can I see your Amazon account? Also, if I wanted to I could pay in a way that no one would ever be able to link to me. I don't know if I read this correctly... but you wouldn't mind if a crook stole your identity?? Really? I value my privacy, and that doesn't mean that I'm doing anything bad or illegal... it's just that my business is my business... Identity theft is about money not identity. The point of spoofing an identity is almost always about getting credit in that name. I'll tell anyone my identity, but I will not give out everything that is needed to steal my money. Which is exactly what you do when you buy something on the internet with a credit card or PP. I don't have an Amazon account, and even if I did I would never give it out to anyone. I guess it's just more of a philosophical aspect of thinking, rather than rational.
If you did have an Amazon account and I wanted your money then I would just target that website, or any website you use. That gives me many targets and many systems each with vulnerabilities. I know you would not give your credentials away, you can't. But I CAN give mine away because there is no Name + card number + exp. date + secret  CVV number. As someone who "values their privacy" it's weird that you go around giving out this information to people you don't even know. The website employees, the payment processor and their employees, anyone who breaks into that site... Hell, the Chinese government may have a copy of your card.
Also, I saw that you posted a link to amagi metals... I thought there was some sort of scam associated with them? I was looking at buying some silver and gold, but was looking at other websites. What's your take on their website?
I have had good luck with them. They have at times been a little slow. They are now under new management and a couple of months ago I bought an Oz. to see how they operate. It shipped right away and I have no complaints. I don't remember a scam, but their initial slowness probably bothered a lot of people. |
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I'm not a dentist, but if you pay me in bitcoin I'll pull some of your teeth.  |
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You sure sound like a hippie tho, with this "I don't want to tie my identity to my money" BS. Good luck with that in life.
I do understand that Paypal is not the best option for ordering coke on the Outlaw market. That's what BTC is for. For everything else, Paypal is free (for me as a consumer), convenient and very safe. Been using it for years and years, never a problem. In fact, purchases are insured. I don't have to worry about malevolent sellers or failing postal services. Much safer then BTC.
But then again, that's logical, because Paypal is a payment provider. They live off of providing services making payment easier and more safe. They're not money. But as you know so much about money, I guess you had already figured that, right?
Edit: sorry for being impolite. Worked too hard and slept too little.
I am on my third debit card in 12 months. And that is despite the fact that I do not use it online. With bitcoin I have never lost a penny and I can buy what I want. I don't need a nanny to Shepard me through a purchase, harvesting my data and money along the way. Best of all, 12 months ago my BTC were worth about $240 each. You say you don't have to pay? Where did you get that Idea? They are a business and of course you will pay. For example I recently bought a gun from here: http://shop.centraltexasgunworks.com/Because I pay in cash (bitcoin is cash) I receive a 3% discount. That 3% in credit card fees must be passed on to the customer as businesses are not a charity operation. Last year I was buying a lot of gold and once again saved hundreds of dollars. They are out of big bars right now, but look at how to save $38 per oz. https://www.amagimetals.com/gold/bars/gold-elemetal-barYou may find people who agree with you about PP and MC/Visa. But It ain't gona be me. I have done very well with bitcoin and have saved thousands of dollars in fees and gained a great deal of wealth. As someone who has owned businesses for over 25 years I am quite certain it is the right choice for me. Depends on how you obtain those bitcoins you are sending across the world for pennies... If you have to buy them, like a lot of people have to do (whether that's because of lack of knowledge or lack of funds to start mining) then your identity is in fact tied to your new money... You have to pay through your bank, which has all the info in the world about you and your identity. If some clever person where to really want to get your identity if he/she realizes that you paid for your bitcoins, then theoretically it could be done.
I am not concerned about a crook stealing my identity, it's my money that an identity thief wants. I once gave out my Overstock password and login. People were free to see what I had bought and what was in my basket, but without any credit card info they could not steal from me. Can I see your Amazon account? Also, if I wanted to I could pay in a way that no one would ever be able to link to me. |
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Great commercial!! Too bad BTC seems to be run by a bunch of neckbearded anarcho-hippies, I can't imagine something as good as this commercial being created any time soon in this community.
Also very smart to rebrand themselves as 'money', while they are only a payment provider. They're doing what the BTC community is not doing, looking at what works well elswhere. What they are using is that in crypto, ppl love to gloat about how much better their crypto is then dirty old fiat. And then using that for their own glory. Good thinking. The BTC community could try and copy what is good about Paypal (there surely is a reason why millions of people use it) instead of trying to ridicule it, but I guess that's not the neckbear anarcho-hippie thing to do.
The reason I do not have a PayPal account is not because I'm a hippie(I'm not), It's because PP is expensive, unsafe to use, and a stupid idea. It's a suckers service. I send thousands of dollars around the world for pennies. I NEVER use payment systems that tie my identity to my money. If you knew more about money I suspect you would understand this also. |
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Feb. 26, 2016 @ 11:34am.
How would I know? Well, how would any person know that?
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I would imagine that Sony's interest in BTC has to do with security. Sony has had some devastating data breaches and have become more encryption mined over time. Their Playstation 4 has come under attack by fearful governments due to it's well encrypted security. Bitcoin would go further in securing their users by allowing payments that do not involve storing your banking/credit information. Holding your information is a huge liability for Sony and this gets them out of that.
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The problem is not that you will not profit, you will lose money. Why not buy 50 ponds worth and then spend it? Until you use bitcoin it's hard to say that you get it. Mining is not what bitcoin is about, it's fair money. A far more powerful idea.
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Speaking for myself... Moving to ETH because of concerns about bitcoin is a good way to get poor in a hurry. But to each his own.
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It makes a lot of sense for steam to take bitcoin. Many gamers are young and un-banked. They also must be swamped with paperwork dealing with all the currencies in use around the world.
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Thanks for taking BTC! You are doing something interesting and productive by growing our economy.  |
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^^ sunnankar: please delete your post. It adds nothing but faggotry to this thread.  Not like the thoughtful and dignified post you just made. |
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Tell you what OP, I'll pay a penny for every bitcoin in existence. Now it won't drop to zero and you can get some sleep.  What happens when you get them all and noone else will buy them from you? 0$ Actually less than 0$ because you would have to pay for someone to take them. I have never sold a bitcoin, but if I owned them all I would start selling them for $10,000 each. Take it or leave it, the price would be $10K.  |
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Remember that anyone is free to launch their own bitcoin and compete. Control is what we allow, IMO.
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That's the nature of the business, the guy is right, you did pay for hash power, not for "guaranteed profit".
If it was profitable they would not rent their hardware, they would mine for themselves...
This really should be a thread ending post. I don't see how this is not obvious to everyone. |
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I would guess that speculation is a major factor. As long as the goal of traders is to make fiat currency from BTC then I see no reason for high valuations. When people begin to prefer it as a currency then we could see truly epic highs.
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The important difference is that bitcoin is not hacked (I assume you mean cracked). There will always be creative deviants who figure out a way to get to some wallets. They may trick you into revealing your private keys or place a keylogger that watches and waits for you to enter a password. Or someone could beat you with a hose until you tell them the password.  |
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