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4921  Economy / Gambling discussion / Re: UFC 210: Cormier vs Johnson Info and Prediction Thread on: April 09, 2017, 11:58:56 PM
I did poorly on this card.

Did not expect Anthony Johnson to fight such a bad gameplan.

New York State Athletic Commission seemed a bit inexperienced.

Still not a bad night of fights.
4922  Economy / Economics / Re: Which country are you from? Here list THIRTY popular bitcoin countries for trade on: April 09, 2017, 11:55:23 PM
United states here.

I only know of two other americans who use btc and both are women.

All the men I know have failed me.

Coming across other americans who use crypto is always a surprise, which leads me to believe foreign countries might have a higher per capita use of crypto.
4923  Economy / Economics / Re: Do you believe in the NWO? What economic effect could it have on bitcoin? on: April 09, 2017, 11:50:46 PM
Looks like globalists(nwo) might get their russia vs america war, if they succeed at goading Trump into attacking Assad further.

There could be a significant amount of regime change in Trump's administration with McMaster shuffling the deck of people in power.

McMaster is pushing hard for american soldiers on the ground in Syria to topple Assad.

Things are not looking good.
4924  Bitcoin / Bitcoin Discussion / Re: Darknet Operators Face Prison Time For Stealing 40,000 BTC on: April 09, 2017, 11:28:51 PM
That's interesting.

Does anyone keep a database of crypto scammers/criminals?

I remember scammers from past years like Moriarty who I always wondered if they were caught.

Also 40,000 BTC. That's like $50 million usd? That's a crazy amount of money.
4925  Economy / Economics / Re: Hacks & puppets & forks - how to destroy bitcoin on: April 09, 2017, 11:25:16 PM
To the point of economics/markets/trading, look at the practical use-case of Bitcoin; a global store of value asset that may be transmitted via a communications channel.

To illustrate how global, I asked which country people were from in this small forum, of those who spoke out, in two days the following tally;
9 responded from Phillippines
5 responded from Indonesia
3 responded from India
2 responded from USA
1 from Ukraine
1 from Bangladesh
1 from East Timor

the above was a count of posters from here: https://bitcointalk.org/index.php?topic=1853019.0

Its awesome to see how bitcoin has gained a worldwide presence & is increasingly becoming a currency of the people.

Some say the golden days of crypto are far gone, but those results make me excited for cryptos future.

I don't think crypto is truly mainstream yet & don't know if it ever will be, but these results are exciting.
4926  Bitcoin / Bitcoin Discussion / Re: Even paid alarmist shills shouting "re: "Bugs/needs fix now!"...will buy Bitcoin on: April 09, 2017, 11:21:03 PM
I agree with issues of scaling/fees being exaggerated fearmongering designed to divert public support away from core to fork options.

If people hear something repeated often enough, they tend to believe its true, even if its not.

Bitcoin doesn't have a problem with scaling btw -- it simply was never designed to execute thousands of transactions per second like a credit card.

Increasing block size, won't change that or solve issues with unconfirmed transactions.

Block size really is a pointless debate.
4927  Economy / Economics / Re: books about economy on: April 09, 2017, 10:07:04 PM
I would recommend books on quants/algorithmic trading/HFT(high frequency trading) and anything you can find on thermoeconomics. Also anything by Larry Williams.

The best economists are the ones who trade or use their economic knowledge to earn a living.

They're the ones who have to be accurate and know what they're talking about to feed their families.

A lot of big name armchair economists like Keynes and Hayek are overrated & bring nothing to the table imo.
4928  Bitcoin / Bitcoin Discussion / Re: New interview with Amir Taaki on: April 08, 2017, 12:02:39 AM
Thx for the link I love listening to things like this.

Another good commentator on btc and crypto is Bram Cohen, the creator of bit torrent.

4929  Bitcoin / Bitcoin Discussion / Re: What will happen with Bitcoin if it never scales? on: April 07, 2017, 11:53:16 PM
One possibility is someone eventually developing a crypto coin which isn't a pre-mined cash grab that is good for everything bitcoin is not.

That could alleviate pressure off btc being a jack of all trades when it was designed to be a master of none.

It makes more sense for an alt coin designed for loans and high speed transactions being used for those purposes, rather than reinventing bitcoin into something it was never designed to be.
4930  Bitcoin / Bitcoin Discussion / Re: Blockchain powered internet? on: April 07, 2017, 11:49:58 PM
Blockchain powered internet might function as an alternate form of password based security where instead of a password a person might use their blockchain secret key to authenticate their identity & login to social media, etc.

Other than that, I can't think of many applications.

4931  Bitcoin / Bitcoin Discussion / Re: Girl,Tokyo,72hrs--Bitcoin Survive Challenge on: April 07, 2017, 11:30:24 PM
Its awesome to have a counterpoint to china's crypto involvement(even if its been there for a long time and normie btc users like myself never noticed).

Wonder if japan with its microchip savvy might enter ASIC design & production at some point in time.

AFAIK japan's electronics design and chip lithography are very good. They could have the capacity to produce next generation ASIC chips if they decided to pursue that goal.
4932  Economy / Economics / Re: Bitcoin changes finance - but for the better or the worse? on: April 07, 2017, 11:26:46 PM
Off the top of my head, btc has positives in terms of.

-Putting pressure on wire transfer services to reduce their transaction fees.
-Putting pressure on state sanctioned currencies to compete in terms of price stability.

There are positive ways in which btc changes finance for the better.

4933  Economy / Economics / Re: Do you believe in the NWO? What economic effect could it have on bitcoin? on: April 06, 2017, 10:04:33 PM
We ourselves - at least, the "global middle and upper class" - participate in this "world government" by legitimating exploitation - yes, it can be called "slavery" - of billions of people, and most of "ourselves" are caught in this system. Part of our "work ethics" - above all our ideal of "self-optimization" - is contributing to it. One enjoyable example of writings about that phenomenon is Byung-chul Han's Fatigue Society.

But Bitcoin is, in my opinion, a tool that could change part of this system. It's only a tool, though, and only in one particular domain - money, so we shouldn't overestimate it.

I feel guilty when I think about the clothes I'm wearing being made in sweatshops, the bottled water I'm drinking being produced by coca cola who is known to resort to assassinations to prevent workers in foreign countries from unionizing and the fact that a lot of the electronics I use were manufactured in china, possibly with slave or child labor. Pet food comes from asia where slave labor is used on ships, sea salt comes from slave labor in south korea. Palm oil, which is used in many supermarket products comes from mass deforestation in indonesia. Almost every product people consume in the west has some terrible exploitive history behind it.

If bitcoin could seriously help alleviate those issues, I'd be all for that.
4934  Economy / Gambling discussion / Re: UFC 210: Cormier vs Johnson Info and Prediction Thread on: April 06, 2017, 09:52:25 PM
In their first fight, Rumble came out too aggressive.

He went straight at DC. That made it easier for DC to get the takedown.

If Rumble is more patient & takes his time, the fight should be much more even.

I still think Rumble will win, even if DC did finish him the first time.
4935  Economy / Economics / Re: It's Time To Get Painfully Honest: Banks Are Evil on: April 06, 2017, 09:38:14 PM
When financial asset values collapse (and this day will come, due to the incentives faced by the elites) and everyday people suffer, the politicians will put all the blame on the bankers.  

I know students enrolled in economics courses in colleges/universities, right now.

They tell me professors routinely teach the 2008 economic crisis was caused by capitalism.

And that the answer to preventing those types of crisis in the future is to embrace socialism & increase regulation, etc.

If you noticed a disproportionate number of americans being pro socialist, like Colin Kaepernick wearing his pro Fidel Castro/Socialist Cuba, t-shirt at press conferences.

Its likely because many are being indoctrinated into anti-capitalist sentiment: "capitalism caused the 2008 economic crisis" while being fed pro socialist propaganda in schools by teachers, celebrities & other pop culture mainstream sources.

There's a widespread campaign to indoctrinate youth into hating God, guns, capitalism, bitcoin and the Constitution.

We have an entire generation that would believe any financial collapse was caused by capitalism, & that socialism/totalitarianism is the solution.

They've been raised to hate the Constitution/capitalism and would applaud us being universally stripped of our rights and freedom.

The hurricane katrina disaster was caused by the state cutting infrastructure funding to new orleans levees, in order to fund war in the middle east.

If the state wasn't held accountable for that, or for the 2008 economic crisis I don't know if its possible for them to be held accountable for anything.

The other day I was scrolling through twitter & someone posted this image of the world trade center post 9/11.



I don't know if the 2nd image is from the 9/11 aftermath. If its real & the foundation supports were diagonally cut.

There could be no limit to what politicians and bankers could get away with.
4936  Economy / Economics / Re: Let's discuss economic governance models, and how we can strengthen them. on: April 06, 2017, 09:09:01 PM
* Education/Information/Knowledge

There's no opposing public opinion when the masses are convinced geocentrism is legitimate.

Many tragedies in history are enabled by public collective lack of knowledge.

The establishment relies on public lack of information and awareness to mislead people into supporting policies that are worst for them.

The media lying about Iraq having WMD's, claiming Osama Bin Laden and Saddam Hussein were forming an alliance to fool people worldwide into supporting a war in iraq is a classic example of how the establishment preys upon public lack of knowledge to mislead people into supporting bad policy.

That same precedent applies to a broad scale of topics. The media, schools, experts and even the pope routinely create misinformation campaigns to mislead people into supporting bad policy.

4937  Economy / Economics / Re: Can we stop talking about the same shit? on: April 05, 2017, 04:57:25 PM
Excuse me guys, what is signature spam, and why are people paid to post?

Most posts I see seem genuine, but maybe that's only a partial view.

Marketplace -> Services might answer some of your questions.  

In my case, I think being paid to post provides incentive to write a little more in depth & post more often than I would if I wasn't being paid.

I try to contribute towards discussion on the forum being better. I wouldn't claim that I'm successful at this, but I am trying.

I don't know why people are paid to post here. This could be the best place to advertise crypto currency related services and products. That could be why.
4938  Economy / Economics / Re: Is GoldMoney.com safe to trade gold? on: April 05, 2017, 04:50:27 PM
I remember back around 2012, there was a news story floating around about counterfeit gold bars being discovered with tungsten rods inserted inside them.

Quote
The problem of fake gold bars

You don’t need to be a conspiracy theorist to find this worrying: a 1kg gold bar, certified as 99.98% pure by XRF (X-ray fluorescence) tests, turns out to have been drilled out and largely replaced with tungsten. This bar was discovered only because it was 2 grams lighter than it ought to have been: the forgers failed to add quite enough gold to the outside of the bar to make up for the weight lost when they replaced gold with tungsten. But if they’d gotten the weight right, it would probably still be circulating today.

http://blogs.reuters.com/felix-salmon/2012/03/25/the-problem-of-fake-gold-bars/

I probably shouldn't laugh.

Who knew gold bars might be as vulnerable to "hacking" as electronic currency?

Wonder what ever became of this, I don't think there have been any follow up cases. Might have been an isolated incident.
4939  Economy / Trading Discussion / Re: Bitcoin Trading Bots while you sleep on: April 05, 2017, 04:43:53 PM
I've thought about doing bot trading in the past.

For bot trading to be viable requires prices to move a decent amount of percentage points on a daily basis imo.

Imagine if you had the perfect bot that never fails to make money.

In a theoretical context, you could make maybe around 1% per day as that's near to the maximum amount prices fluctuate in a 24 hour period.

That comes out to around 30% (without compounding interest) gains per month(without factoring in trading commissions, etc).

For bots to be attractive would require bigger percentage moves on a daily basis to elevate that maximum potential profit number higher than 1%.

Of course, your trading would be limited by volume and other factors.

Its not really worth it imo to go through the trouble of designing and coding a bot only to earn approximately 30% in a 30 day period.

Then of course, you have to factor in your losses as you'll definitely lose sometimes, trading in the real world.

The best trading strategy over the long term is probably to just hold btc or other crypto.

The more details factor in, one might say the less attractive a trading bot might be.
4940  Economy / Marketplace / Re: Private healthcare applications w/ blockchain on: April 05, 2017, 04:32:56 PM
If a social media site can have no downtime Im sure a private health care site that stores very important data wont too if the deploy it correctly with multiple back up servers ready. It is cheaper and more efficient.

Everyone should stop listening to the people like Tim Swanson or Don Tapscott if they say the blockchain will be a part of everything. They are only trying to create a buzz. Listen to the real people who know better.

I've seen twitter and facebook be down before. If the blockchain has been down over the past 7 years, I don't remember it.

Twitter appears extremely broken at the moment with their last update.

Big social media sites usually have incentivized bug programs where exploits in their social media service can be paid in thousands of dollars of cash.

That could cut down on their sites being compromised, which could cut their downtime.

I don't know if that's something all social media providers can afford.

It is possible smaller organizations who can't afford bug bounty programs, might opt for blockchain technology to cut downtime associated with data compromise.

I honestly don't know if blockchain technology is overrated in terms of applications. I guess we'll find out in the next 5-10 years how useful it can be.

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