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4841  Bitcoin / Bitcoin Discussion / Re: Yep.. BU absolutely definitely possibly maybe ready for prime time.. on: April 25, 2017, 08:05:10 AM
I don't understand how anyone can support BU.

If you owned 100 BTC, would you want to put that in the hands of people who can't solve basic technical issues?

Not seeing how that's a good idea.

 Huh
4842  Bitcoin / Bitcoin Discussion / Re: Another Bitcoin CEO asshole on: April 25, 2017, 07:47:17 AM
I wouldn't be surprised to know there were old chicken bones concealed in that beard of his.

If only bitcoin could talk, I'm sure it would have some things to say to this guy who is giving himself way too much credit with his "bitcoin ceo" title.

As if bitcoin would benefit by having a CEO who is paid 1,000 times more than they're worth.   Roll Eyes

The only reason CEO's are paid so much is because they receive all the pay raises that were supposed to go to the poor and middle class.

The CEO is a symbol of wealth & wage inequality greed that should be abolished as a hindrance to progress and civilization rather than something to be glorified the way this guy is trying to.
4843  Bitcoin / Bitcoin Discussion / Re: How do you stop someone forcing you to hand over your private key and taking all on: April 24, 2017, 05:59:53 AM
If I knew what my private key was, I would probably memorize it.

Then I would write a fake key down on a piece of paper.

If someone tried to force me to give them my key, I'd give them the piece of paper & hope they give up.

I don't know if this is a good idea or a bad idea but there has to be a small chance it would work?
4844  Economy / Economics / Re: Nowhere to Hide: IMF Advocates a Cashless World on: April 24, 2017, 05:43:01 AM
Banks want full control over the transaction of money.

That's what a "cashless" world would give them.

A monopoly over currency exchange.

Monopolies restrict progress and innovation. They're centralized hierarchies which enable exploitation and abuse of power.

Monopolies have been bad for civilization and society from a historical perspective.

They're one of the primary reasons healthcare is unaffordable and expensive for many.
4845  Economy / Gambling discussion / Re: UFC 211: Miocic vs Dos Santos info and Prediction Thread on: April 24, 2017, 01:58:08 AM
Dos Santos was training at american top team. Not sure if they have good heavyweights for him to spar with, there.

It could be that Stipe has improved while Dos Santos has stayed the same.

Some of the names on the early prelim card have never fought in the UFC before.

4846  Economy / Economics / Re: Microchip implant for Bitcoin Payments in Malls will you agree ? on: April 24, 2017, 01:45:08 AM
Thieves can steal credit card data through RFID.

https://www.youtube.com/watch?v=x3S_6EJCjn0

An implant would be vulnerable to similar attacks.

Someone walking past you on the street with a scanner could steal all your bitcoin.

4847  Economy / Gambling discussion / Re: UFC FN 108: Swanson vs Lobov Info and Prediction Thread on: April 23, 2017, 07:42:55 PM
2-3 weeks till the next UFC card on may 13th, Miocic vs Dos Santos 2.

Hopefully it won't seem like too long a wait.

There could be a World Series of Fighting event but definitely no bellator until 2-3 weeks also.

4848  Bitcoin / Electrum / Re: Electrum Developer Thomas Voegtlin: Bitcoin Unlimited Is Not a Good Idea on: April 23, 2017, 07:34:26 PM
Bitcoin Unlimited is an attempt to centralize bitcoin.

Its not what Satoshi would have wanted & its not what is best for crypto or those who use it.

People think that if bitcoin has larger blocks, btc will be able to achieve thousands of transactions per second like credit cards.

That's not the way things work. Btc was never built for that function & it will never achieve a higher transaction rate no matter how big blocks are.
4849  Bitcoin / Bitcoin Discussion / Re: What is the single best link to educate people about Bitcoin? on: April 23, 2017, 07:31:50 PM
This does an "ok" job of explaining how bitcoin works(if I'm remembering right, I don't remember it well).

Its from KhanAcademy and is a series of video lectures which illustrate the basic principles of how bitcoin functions.

https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/bitcoin/v/bitcoin-what-is-it
4850  Economy / Gambling discussion / Re: Game of Thrones - Who will rule? Odds and betting discussion on: April 23, 2017, 07:13:38 PM
Well the male characters here who've died are not the same as the prominent malr characters this comih season. Also they all died in the first season which pretty much is more on the darker side where character develpment is still slow. We may very well be seeing jon snow on the iron throne with all the back stories about his lineage.

What about...

Robb Stark
Stannis Baratheon
Ramsay Bolton
Mance Rayder
Tywin Lannister
Roose Bolton
Prince Oberyn
Doran Martell(the guy in the wheelchair)
Brynden Tully
Prince Joffrey
Prince Joffrey's brother
Hodor
Jon Snow

(I'm sure I'm missing some names)

There could be a disproportionate number of male characters who are killed off while female characters survive.

Shae, Princess Myrcella and Lyssa Arryn are the only major female characters I can think of offhand who died.

Catelyn Stark may not even be dead(because spoilers).
4851  Economy / Marketplace / Re: Suggest a new project on: April 23, 2017, 07:00:06 PM
Some people wear bracelets containing their medical data & history for use in case they have a medical emergency.

Someone could probably build something similar using a blockchain, where data is carried in a person's cell phone or can be accessed remotely.

Don't know if its a good idea or bad idea, but there ya go.

I like this idea. I too have heard about these bracelets, but never really seen anyone wearing it. Is it really in demand?

Now there is a new trend in healthcare - interfaces built, security improved...etc. Will we still need such storage in the new era?

I'm clueless as to whether info bracelets are in demand. I think those are mostly useful in first responder cases where someone is in a car accident or needs emergency medical care. Not sure if ambulances or EMT's are equipped with that type of information on a portable basis where it could be useful.

In terms of healthcare, I think as many as 250,000 americans lose their lives each year due to medical errors. That's almost 8 times the number of casualties as guns or traffic accidents.

If there was a technology to cut down on those preventable deaths utilizing blockchain, that could be a killer app.

Another potential market could be cutting down on healthcare administrative costs or chargemaster price mark ups where hospitals routinely charge people $30 for a few q-tips that only cost 3 cents each. Blockchain powered software which reduced the cost of healthcare, or improved its efficiency would definitely be something people could get behind.

Can't say I really have any bright ideas as far as healthcare goes. But I hope that helps.

4852  Bitcoin / Bitcoin Discussion / Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether on: April 22, 2017, 06:14:26 PM
Litecoin hovered around $3 for a long time.

Maybe it is possible to tell when whales decided to pump LTC up to $14.

I'm glad these guys are on our side.

 Cheesy
4853  Bitcoin / Bitcoin Discussion / Re: Banks have bought the Core Team on: April 22, 2017, 04:12:10 AM
I agreed with everything until you said centralization of miners. I've been around long enough to know that mining has never been more decentralized than it is now. How many pools were there in 2012? Like 3?

If a single entity like Bitcoin Unlimited controls 50% of miners & seeks to gain majority control to fork and kill bitcoin core.

That's not decentralization.

Its the opposite.
4854  Bitcoin / Bitcoin Discussion / Re: Big Block support at 50% on: April 22, 2017, 04:08:32 AM
Has anyone figured out how much transaction speed could increase (theoretically) with bigger blocks.

I still think its a bad idea to support any block size without knowing potential gains in terms of transaction speed.

One simple fact is bitcoin will never compete with credit cards or execute thousands of transactions per second no matter how much block size is increased.
4855  Economy / Marketplace / Re: Suggest a new project on: April 22, 2017, 02:56:08 AM
Some people wear bracelets containing their medical data & history for use in case they have a medical emergency.

Someone could probably build something similar using a blockchain, where data is carried in a person's cell phone or can be accessed remotely.

Don't know if its a good idea or bad idea, but there ya go.

4856  Economy / Marketplace / Re: Use HASH | NOT to get scammed on: April 22, 2017, 02:20:21 AM
That would be cool as a method of checksum / digital signature.

Maybe you could save a serialized collection of checksums / digital signatures in a blockchain which would allow people to compare it to the products they download to ensure legitimacy?
4857  Bitcoin / Bitcoin Discussion / Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether on: April 21, 2017, 06:46:19 PM
Quote
Billionaire investor Mike Novogratz is betting big on digital currencies like Bitcoin and Ether.

"Ten percent of my net worth is in this space," Novogratz said at a forum held at the Harvard Business School Club of New York Wednesday. He declined to say exactly how wealthy he is, but he's a former hedge fund manager at Fortress Investment Group and a Goldman Sachs partner who made the Forbes billionaire list in 2008.
It's the "best investment of my life," Novogratz said.

Bitcoin was worth under $500 a year ago. Today the digital currency trades at over $1,200. Back in 2013, Novogratz predicted Bitcoin's value would soar. He remembers people laughing at him at the time.

Since then, Bitcoin's price has been on a wild run. It surged to nearly $1,000 in late 2013 and then fell to under $250 in 2015. It started to fly again last year, around the time of the Brexit vote. It surpassed $1,000 in January of this year again and has kept climbing.
Now Novogratz is saying Bitcoin will go to $2,000.

But he also warned the Harvard Business School Club crowd that there will "likely be a bubble" in digital currencies. The best way to handle it, he argues, is the old Wall Street trick of diversification. Put a little money in a lot of different plays in digital currency.

For example, Novogratz was also an early investor in Ether. It's another digital currency that has quickly emerged as the No. 2 rival to Bitcoin. Novogratz says he bought Ether when it was trading for about $1. Today it's worth over $48.

Novogratz met Vitalik Buterin, the young Russian brainchild behind Ether at a dinner party at a prominent CEO's home. He recalls that Buterin, then 21, showed up late, which struck him as shocking -- and a bit ballsy. He figured it was worth paying attention to Buterin.

Ether is a currency with a "smart contract" function that gives users additional security and abilities to transfer information in addition to monetary value.
We're witnessing the "3rd inning" of this digital asset revolution, Novogratz predicts. He's not exactly sure how it will play out, but he plans to continue investing in digital currencies and Blockchain, the revolutionary technology behind the scenes that makes Bitcoin work.

Blockchain is literally a digital ledger to record and track transactions. What makes it so technologically advanced is that multiple companies or parties can access the Blockchain and see the history of what happened to an asset.

Novogratz has emerged as one of the biggest Wall Street cheerleaders of Blockchain, but his bets haven't always gone so well. He exited Fortress in 2015 after the company shut down his Marco Fund for poor performance. It lost around 20% in its final year after his investments in emerging markets, especially Brazil, tanked.

"We have had an extremely challenging two years, and I do not believe the current environment is conducive to achieving our best results," Novogratz said at the time.

http://money.cnn.com/2017/04/20/investing/mike-novogratz-bets-big-on-bitcoin-ether-blockchain/index.html

That's one confirmed billionaire betting big on crypto.

I wonder how many others there are who aren't publicly invested yet have a lot riding on btc.

4858  Bitcoin / Bitcoin Discussion / Re: Why doesn't North Korea open up a bitcoin exchange? on: April 21, 2017, 01:33:38 AM
Bitcoin exchange would help North Korean exchange their existing currency for Bitcoin, a currency accepted worldwide.
You don't need 24 hours electricity to store bitcoins in your wallet.

If north koreans knew how little freedom they had in comparison to the rest of the world, they probably would have rebelled and overthrew Kim Jong a long time ago.

North koreans don't own modern luxuries like cell phones or computers & if they did, they certainly aren't able to access the internet of the outside world in a way that would allow them to use bitcoin.

Its not that north koreans lack 24 hr electricity. Its more like their entire civilization exists in a pre electrical age. Only the military and elites have electricity. Everyone else is using smoke signals or whatever people used to communicate before electricity and telegraphs were invented.
4859  Economy / Gambling discussion / Re: Game of Thrones - Who will rule? Odds and betting discussion on: April 21, 2017, 01:29:49 AM
You might be correct. We might have a dark ending for Game of Thrones, guessing how the mind of George R. R. Martin works. If there will be a long winter then we might see everyone from Westeros sail east under the banner of Daenerys.

You seem very knowledgeable. If I'm remembering right.

Daenereys lived longer than Khal Drogo and her brother.
Caitlyn Stark outlived her husband.
Cersei outlived King Robert.
Sansa and Arya Stark outlived their father and brother.

Most of the female characters seem to live longer and survive, while male characters have a much higher fatality rate.

If that trend does exist, do you think it will continue till the end of the series?
4860  Bitcoin / Bitcoin Discussion / Re: "Banking on Bitcoin" - A new bitcoin documentary on: April 21, 2017, 01:26:18 AM
Here's another bitcoin documentary entitled: "The Blockchain and Us" released recently in 2017 on youtube:

https://www.youtube.com/watch?v=2iF73cybTBs

I have not watched it, yet.

Video lecture series on bitcoin like this one from khan academy, have been better than the bitcoin documentaries I've seen:

https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/bitcoin/v/bitcoin-what-is-it
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