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821  Economy / Speculation / Re: The Reason Bitcoin Price Fluctuates That Nobody Talks About on: August 13, 2015, 02:01:00 PM
I would guess you are right about the dollar's relationship to price. But i think it would be easy to overstate this effect. Bitcoin is traded around the world for various currencies and even currencies that are mostly cut off from the dollar.
822  Economy / Speculation / Re: BITCOIN FALLING? on: August 13, 2015, 12:21:26 PM
It's really been falling for months, but none of us knows the future.
823  Bitcoin / Press / Re: [2015-08-12] US Arms Dealer Allegedly Used Bitcoin for Purchases on: August 13, 2015, 12:19:48 PM
Is this applicable to gun collectors too? We watch these television series and you see loads of gun owners wielding machine guns everywhere. It must be different for many States in the USA.

Most probably he did this without the proper licensing procedures and now they highlight the Bitcoin side of this. Bitcoin cannot stop criminals from being criminals... most guns are bought with fiat anyway, so

it's not a big deal, if one machine gun is bought with Bitcoin. It looks like the whole government resources are used to prosecute this guy... Another BurtW?  Roll Eyes

Oh he is in deep s#!+. It has nothing to do with bitcoin, the penalties for possession of a class 3 firearm are severe.  Most people could get a machine gun but you would have to pass a super background check, pay hundreds of dollars, and must have a completely clean record. You must also submit to all sorts of strict rules. For example, you must allow the police to inspect your weapons at any time day or night. There is a fiction that in America street thugs have machine guns. It is not true, very few people have a full auto firearm.


 
824  Bitcoin / Bitcoin Discussion / Re: Is Mark Karpeles in jail now? on: August 12, 2015, 05:00:18 PM
Apparently Japan does not do bail. He's in a cage.
825  Alternate cryptocurrencies / Altcoin Discussion / Re: Let's create the first coin for immigrants on: August 12, 2015, 04:57:01 PM
It's a nice sentiment, however I'm not sure economic systems work when based on altruism. The problem I see is making the money work. Crypto-coins (blockchain based) require an input of expensive electricity and the capitol expense of hardware. Someone would either need to pay those miners for their expense or get them to donate hashes. The next problem is distribution. Who will get the coins? People you chose? How will they get them?
Finally, valuation. I could give these coins to the poor, but then what are they going to do with them? Without a certain level of adoption they have no value.

Perhaps there is a way forward in a closed economy? For example, if you could get some businesses to honor them as a type of donation then they could use the blockchain to get their tax break. A little like a more secure food stamp. Still, all this costs money and the first thing that would be needed is a lot of money.
826  Bitcoin / Bitcoin Discussion / Re: Bitstamp hack confidential document has been leaked on: August 12, 2015, 04:38:30 PM
You can use online PDF viewers so you do not  have to open it with your pc

This will not save you if the PDF has inbuilt malicious code on it. It's irrelevant if you open it by downloading it on your PC or temporally on a website. If you are on Windows I wouldn't open dodgy ass PDFs.
+1
PDF files can store whole directory structures and all sorts of code. I would not open a PDF in a windows computer at all.
827  Other / Meta / Re: End of newbie restrictions; ban changes on: August 12, 2015, 03:17:53 PM
I think if you have an account less than 14 you should only be able to post in the new user section. 14-30 you should be on probation. If you start shit posting then, you lose your account.

Can we just have a small fee to gain posting rights in speculation? It doesn't have to be much to be too much for NLC and anyone with similar "ambitions". We have a specific issue limited to a specific subforum that's mostly filled by traders or people otherwise invested in Bitcoin. I'd wager the amount of people who both can't justify making, say, a one dollar-equivalent payment to post and still have interesting things to say on the subject of price speculation is pretty low.

I feel like there is less support for that measure, but I like it. If we had to pay for posting we would not have someone making a dozen zombie accounts per day to cut/past some foolish assertion. It makes sense to me since speculation is all about putting your money where your mouth is.
I say +1 for paying to post in some sections. One could still launch a FUD campaign, but they would have to pay for it.
828  Economy / Service Discussion / Re: Localbitcoins: Goodbye, New York on: August 12, 2015, 03:09:52 PM
So here comes the attacks from us gvt.  at the very least they want to end the anonymity of btc (not that the nsa couldn't already track btc users)

Nope. The U.S. Gov. has nothing to do with this. It is an NYC law. At the federal level the only rule is that you must pay capitol gains. Which is really the best rule we could have hoped for. Capitol gains is normally about 15% vs. income tax at about 30%.
829  Bitcoin / Bitcoin Discussion / Re: If The Bankers Wanted To Destroy Bitcoin They Only Have To Do This One Thing... on: August 12, 2015, 03:04:29 PM
I do not believe that banks CAN kill bitcoin. I still have never seen a viable plan to destroy the bitcoin protocol. A 51% attack to forge counterfeit coins is not viable, for example. It would cost many millions to buy all the hash power. At that point you would have to throw away all the profits you are making from mining and throw away all your hardware. All you get in return is bitcoin 2.0.
830  Economy / Economics / Re: Dow Jones inching closer to 16k. Anybody else going to sell? on: August 12, 2015, 02:54:21 PM
Divesting China stock. Who knows where that train is going?
831  Bitcoin / Legal / Re: Legal issue for devs blatantly scamming us and admitting to it and continue too. on: August 12, 2015, 02:52:34 PM
Alt-coins almost always tank. That is the lesson.
832  Bitcoin / Bitcoin Discussion / Re: If The Bankers Wanted To Destroy Bitcoin They Only Have To Do This One Thing... on: August 11, 2015, 08:27:01 PM
So all they have to do is convince all of us to change the protocol? Sounds fair to me. There is more chance of the Sun exploding tomorrow than convincing me.


They are historically masters at persuasion when it comes to things like this. REmember they employ the most persuasive team of lobbyists in the world and they also own the press and the media….

I'm sure your right about having good people. But it is fair if they want to lobby the bitcoin using public to go with a fork. That gives them no more control than you have, and you have convinced me not to increase the total. So you won and they have already lost. Good job!
 Cheesy
833  Other / Meta / Re: End of newbie restrictions; ban changes on: August 11, 2015, 08:20:29 PM
I miss nubie jail. It's stupid to let one or two guys completely ruin a board by creating dozens of accounts then post utter nonsense again and again and again. Why do we allow this? Someone with an activity of 0 or 2 posting "Ponzi Crash confirmed!!!" is not here to inform. It's not productive to let new users post outside of the new users board.   

I think if you have an account less than 14 you should only be able to post in the new user section. 14-30 you should be on probation. If you start shit posting then, you lose your account.

This would not apply to posts that are critical of bitcoin. We need people who are critical. It's the cut/paste bold statements with zero supporting evidence that need to go.
834  Bitcoin / Bitcoin Discussion / Re: Integrated ASIC on smartphones or tablets on: August 11, 2015, 08:06:17 PM
It is not logical to put miners into portable devices. Why would you want that? They consume to much power and produce too much heat and it is basically useless to carry them around when you can have them safely sitting at home..
I totally agree. However that seems to be what qualcomm wants anyway. The theory is that they could sell you a router cheep, however the router will work for them, hashing away for the rest of it's life. I guess they think it will be very profitable over it's lifetime?
I would rather see hardware wallets in all sorts of electronics. Maybe that is in the plans also, but they are not saying. 
835  Bitcoin / Bitcoin Discussion / Re: If The Bankers Wanted To Destroy Bitcoin They Only Have To Do This One Thing... on: August 11, 2015, 07:55:34 PM
So all they have to do is convince all of us to change the protocol? Sounds fair to me. There is more chance of the Sun exploding tomorrow than convincing me.
836  Bitcoin / Bitcoin Discussion / Re: Integrated ASIC on smartphones or tablets on: August 11, 2015, 07:53:09 PM
Rumor has it that Qualcomm's 21Inc. is working on this.

http://www.cnbc.com/2015/03/10/bitcoin-company-raises-166m-including-qualcomm-investment-report.html
837  Alternate cryptocurrencies / Altcoin Discussion / Re: Let's create the first coin for immigrants on: August 11, 2015, 05:10:05 PM
And what will be the basis of it's value? Bitcoin are purchased with other currencies and that establishes a valuation. But if you give them away why would someone accept them in trade for something of value?
838  Economy / Service Discussion / Re: Major defeat toward my plan to drop my bank on: August 11, 2015, 04:58:49 PM
Not sure where you are Elwar, but surely someone would love to cut your grass for bitcoins.?
Is someone here willing to do that?
839  Economy / Economics / Re: Bitcoin smashes Chinese Yuan,, suffers dramatic Plunge on: August 11, 2015, 04:51:31 PM
I think the Chinese stock market is not getting enough attention. The government is now trying to control the market with capitol injections. How wrong is this going to go? A totalitarian communist regime is going to make decisions about quantitative easing?

I have divested about 20% of Chinese holdings and I fear it will bring down a lot of other Asian countries as it sinks. Ugly times ahead.
840  Economy / Speculation / Re: You all know it's going to crash? on: August 11, 2015, 04:46:33 PM
I hate being right.  Cheesy

You must be living a charmed life then. I have never known you to be right.  Wink
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