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4961  Economy / Gambling discussion / Re: Game of Thrones - Who will rule? Odds and betting discussion on: April 01, 2017, 07:08:35 AM
I suspect they're angling for a Jon Snow xoxo Daenerys Targeryan lovefest to create a united front against the Night King's incursions.

How the final battle plays out is anyone's guess. Based on the show's history, George R.R. Martin seems to believe in the concept of women out surviving their husbands.

All female gendered characters should probably have lower odds under male gendered characters.

I would guess Daenerys will survive to unite the clans & rule after Jon Snow perishes(again) in the final battle.
4962  Economy / Economics / Re: Satoshi Nakamoto should be richer than Bill Gates. on: April 01, 2017, 06:18:55 AM
Bill Gates #1 net worth comes from him owning a majority stake in microsoft stock.

Jeff Bezos #2 his net worth is tied up in amazon stock, he is also CEO of amazon.

Warren Buffett #3 has his net worth tied up in a hedge fund.

Satoshi could have more cash on hand than any of the top 3, as most of their cash is tied up in stocks or investments.
4963  Economy / Marketplace / Re: question on money making guides on: March 31, 2017, 05:26:26 PM
All the money making guides I've read encourage the reader to think outside the box, have a good attitude, look for opportunities, choose to be uncomfortable and rich, rather than comfortable and poor, things like that.

I think most who have good methods of earning income don't share their methods for fear of market oversaturation.
4964  Economy / Marketplace / Re: Looking To Start A Small Business With Bitcoin on: March 31, 2017, 05:16:49 PM
How Friends I Want Start A Small Business With Bitcoin With Daily Or Weekly Payment Any Idea From Where To Start Will Be Thankful.

If you can make 100+ accounts on twitter, facebook or other social media.

You might be able to sell 100+ followers for btc.

That's the "easiest" small business I can think of.

If you could learn some coding and make a bot that would give someone 100+ followers, without having to manually log into every account.

That type of account farming might earn some btc.
4965  Bitcoin / Bitcoin Discussion / Re: Bitcoin: 'Blood Diamonds' Of The Digital Era on: March 31, 2017, 05:02:00 PM
https://www.forbes.com/sites/jasonbloomberg/2017/03/28/bitcoin-blood-diamonds-of-the-digital-era/#72915253492a

Quote
Bitcoin has long been the transaction currency of choice for drug dealers and extortionists, but this month, the IRS has upped the game. Just as tax evasion finally took down Al Capone, now the IRS is looking for tax evaders and other tax cheats who have been using Bitcoin in an attempt to hide their tracks.

Its almost like they waited to see if bitcoin unlimited might be successful, before letting loose with the anti btc journalist columns.   Huh

Forbes hasn't had much credibility in years. You'd have to go back at least 2-3+ years to find credible pieces done by them, like this:

Quote
HSBC Bank Helped Terrorists, Iran, Mexican Drug Cartels Launder Money, Senate Report Says

A Senate report released ahead of the embargo time revealed that HSBC’s lax anti-money laundering policies allowed Mexican drug money, Iranian terrorist money, and even suspicious Russian money to enter the U.S. and gain access to U.S. dollar liquidity over the last couple of years.

The report, released late on Monday despite a 10 PM embargo time, was prepared by the Permanent Subcommittee on Investigations, and counted with the support of Senators Carl Levin and Tom Coburn.

In a year-long investigation, the Subcommittee found that HSBC violated several rules, exposing the U.S. financial system to “a wide array of money laundering, drug trafficking, and terrorist financing.”  According to the report, HSBC’s Mexican affiliate channeled $7 billion into the U.S. between 2007 and 2008 which possibly included “proceeds from illegal drug sales in the United States.”

https://www.forbes.com/sites/afontevecchia/2012/07/16/hsbc-helped-terrorists-iran-mexican-drug-cartels-launder-money-senate-report-says/

That story is from 2012.

But there is follow up evidence that HSBC bank still launders money for terrorists, russia and drug cartels with no real effort put forth to stop them.
4966  Economy / Gambling discussion / Re: Does experience matter in gambling? on: March 31, 2017, 04:20:05 PM
Experience doesn't factor much in terms of every bet being non deterministic and unique.

But through experience, I think it is possible to notice certain patterns and trends which give a person an advantage over the long term.

There have been cases of people analyzing statstics & big data in fantasy sports games to gain an advantage, it makes sense that people might emulate that analytic ability if only on some subconscious level.
4967  Economy / Economics / Re: Do you believe in the NWO? What economic effect could it have on bitcoin? on: March 31, 2017, 04:10:26 PM
I don't think the global elites would profit from something like a "one world government". That would be too transparent.

North korean defectors to south korea or china are essentially slaves, but they don't realize they're slaves.

To them their lifestyle is normal. Everything they see and hear tells them the entire world is like north korea.

It isn't until after they see other people in other countries having freedom, living different lives, that they realize they were oppressed.

Sometimes, I wonder if a one world government might be like north korea where no one realizes they're oppressed, because the entire world is one gigantic slave labor camp.

If everything people saw and heard under a one world government said slavery was normal & they had nothing else to compare it to, it might be easy to believe.
4968  Bitcoin / Bitcoin Discussion / Re: Bitcoin business idea on: March 30, 2017, 09:10:23 AM
If I started a business based on btc, and money were no object, I would offer savings accounts where I paid interest on deposited funds.

Only if I could offer people insurance in case I couldn't make ends meet, which I currently am not in a position to do.

I do some minor investing where I can earn a percentage increase via whatever disposable cash I have on hand.
4969  Bitcoin / Bitcoin Discussion / Re: If you hold btc you get both btc and btu when it split? on: March 30, 2017, 09:01:08 AM
A hard fork will double coins.

But it will also split the number of miners & nodes, which will make transactions slower.

Doubling coins could also half the price of btc, as the total number of coins increases from 20 million to 40 million, split between the two forks.

Retailers could also drop btc/crypto support if the price takes a big hit and if things get too complicated with multiple forks.
4970  Bitcoin / Bitcoin Discussion / Re: Japan to accept Bitcoin as payment method. on: March 30, 2017, 08:06:34 AM
Awesome.

Japan has some of the highest average broadband speeds in the world.

Nodes operated in japan could offer an advantage in terms of speeding up the average speed of btc transactions without centralizing networks.

Japan and china tend to be opposed to each other. There are a lot of hard feelings between the two countries after world war II.

It is possible japan could take steps to nullify some of the more unethical practices by chinese involved in crypto.
4971  Economy / Economics / Re: Do you believe in the NWO? What economic effect could it have on bitcoin? on: March 30, 2017, 07:36:28 AM


Source: http://www.investopedia.com/terms/h/hard-fork.asp

I'm sure many would disagree with the idea everyone will drop core and quickly switch to BU if a hard fork occurs.

That sites like investopedia spread this type of misinformation seems to indicate bias against core/favortism being shown for BU.

Banks & corporations own almost all media and info websites. They probably own investopedia, which could mean they support BU.
4972  Bitcoin / Bitcoin Discussion / Re: What would be bitcoin's final obituary? on: March 30, 2017, 06:37:15 AM
"Good things die, when people make bad decisions & support the wrong things."

In politics and economics, its common for people to blame politicians.

People forget they supported things like the iraq war & obamacare.

Evil in the world is caused by normal people making bad decisions in supporting bad policy.

I don't think bitcoin will be any different in that regard.

4973  Economy / Economics / Re: Can some one please explain what is the Hard Fork, and if is good for BTC. on: March 29, 2017, 05:56:27 PM
No that is not the case. If there would be a hard fork that would mean there would be two bitcoins and that new bitcoin will be some kind of alt-coin. Similar to what happened to Etherium where they had two kinds of etherium. One is higher than the other and they are quite separate from each other.

If you look at the investopedia page posted above, it says this:

Quote
DEFINITION of 'Hard Fork'
As it relates to blockchain technology, a hard fork (or sometimes hardfork) is a radical change to the protocol that makes previously invalid blocks/transactions valid (or vice-versa), and as such requires all nodes or users to upgrade to the latest version of the protocol software. Put differently, a hard fork is a permanent divergence from the previous version of the blockchain, and nodes running previous versions will no longer be accepted by the newest version. This essentially creates a fork in the blockchain, one path which follows the new, upgraded blockchain, and one path which continues along the old path. Generally, after a short period of time, those on the old chain will realize that their version of the blockchain is outdated or irrelevant and quickly upgrade to the latest version.

http://www.investopedia.com/terms/h/hard-fork.asp

If a hard fork occurs, both versions will be treated as bitcoin until the situation is resolved.

Ethereum isn't a good example of how a fork affects price/value. Eth didn't have many users or miners when its multiple forks occurred.

Also the situation with eth is very different. Eth has only 1 group of developers. Everytime the developers release a new version of the software which is incompatible with the old version, it is called a "fork". But this is an inaccurate label dissimilar to bitcoin's situation. Its inaccurate to label what ethereum did a fork.

Btc has multiple developer groups & its situation is completely different from eth.
4974  Economy / Economics / Re: Can some one please explain what is the Hard Fork, and if is good for BTC. on: March 29, 2017, 01:51:28 PM
One question I have about a hard fork is.

With bitcoin there can be 20 million coins.

If bitcoin is forked there will be two separate blockchains with 20 million coins each, giving us a total of 40 million coins.

This could mean the price of bitcoin will half as scarcity is halved.

If 1 bitcoin is worth $1,000, the price of 1 coin could be $500 or less after the fork.

Also retailers that currently accept bitcoin could decide to discontinue support given the two blockchains & added complexity.

If the price of btc drops by a lot, this could also lead to retailers and others who support btc abandoning it.

A fork could be a disaster.

I think others may be having the same thoughts considering btc already dropped below $1,000 over fork concerns.
4975  Bitcoin / Bitcoin Discussion / Re: Is this a good strategy until BTC/BTU is resolved? on: March 29, 2017, 10:52:54 AM
Its difficult to say what is a good or bad strategy in terms of holding time.

The closest investment analogy to a bitcoin hard fork could be a stock split.

If a hard fork occurs, the total number of total bitcoin's will increase from 20 million to 40 million coins.

That could mean that bitcoin's price will split by roughly 1/2 as the total number of coins doubles.

There are multiple theories as to what might happen. Retailers could drop bitcoin until the split issue is resolved, or they could take sides.

A fork could be a blow to bitcoin's credibility and legitimacy.

What happens after a split in terms of timetable, is anyone's guess.
4976  Bitcoin / Bitcoin Discussion / Re: How can BTC improve? on: March 29, 2017, 10:47:10 AM
I think telecommunication infrastructure upgrades to high speed fiber optic networks around the world might represent a good improvement.

A boost to average internet connection speed might give average node users a better chance to run blockchain software with larger block sizes which could make such an upgrade more feasible to core developers, in terms of maintaining decentralization.

If that never happens, I wonder if a paradigm shift to more nodes being operated in countries with higher average internet bandwidth like japan and south korea could make a difference.
4977  Bitcoin / Bitcoin Discussion / Re: Do you want hardfork? on: March 29, 2017, 10:38:12 AM
The hard fork is a classic example of how the media influences people in the 21st century.

1. Create a "crisis".  (unconfirmed spam transactions)
2. Propose a "solution" to fix said "crisis".  (bitcoin unlimited)
3. Implement the bad "solution".  (hard fork)
4. The outcome is worse than the original problem.

Sometimes the "cure" is worse than the "disease".
4978  Economy / Economics / Re: SHOCKER: SEC denies SolidX Bitocin ETF Proposal on: March 29, 2017, 10:29:56 AM
Unless Bitcoin create a central authority, I do not think this ETF will ever be approved.  But creating such will just go against the reason why Bitcoin is created anyway.  So I guess Bitcoin can go on without this ETF.  Why does Bitcoin need it anyway?  Anyone know the reason?

A BTC ETF being approved by the SEC would give bitcoin more credibility/legitimacy & the price would likely go up as a result.

An ETF would also give investors a safer way to invest in bitcoin, being that many ETF's have some form of insurance.

It would give people more options and methods to invest in btc/crypto.
4979  Economy / Economics / Re: Can some one please explain what is the Hard Fork, and if is good for BTC. on: March 29, 2017, 10:05:05 AM
Can some one please explain me what is the hardfork and if is good or not to Bitcoin, and what will happened next week?

The term fork comes from open source, software engineering & is derived from "fork in a road" where one road splits into two roads.

It describes a case where one open source, brand of software splits into two separate entities, with two separate developer groups.

What a bitcoin fork means is, there will be conflict when bitcoin splits into two separate parts.

A bitcoin fork is like united korea splitting into south korea and north korea.

It isn't likely to be pretty or resolved quickly or cleanly.

Of course it won't happen next week, & may never become a reality.

The mere rumor of it, is enough to hurt bitcoin's price.

And perhaps from this alone we can see that the people behind it do not have bitcoin's best interest at heart.

A fork could be an attempt to seize control of bitcoin.


That is an inaccurate and bad definition.

We've seen the price of bitcoin drop from $1200 down to $900 due to fork concerns.

The idea investopedia pushes that forks are benign & will be resolved quickly and conveniently are probably untrue.

A fork could spell the end of bitcoin as people lose confidence in it and fears over worst case scenarios drive the price down -- as we have already seen.

Reading that investopedia article reminds me of factcheck.org and snopes publishing articles claiming obamcare would decrease the cost of healthcare in the united states & make healthcare more available to all.

It all turned out to be lies, and that investopedia article is no different in that it looks as if it were designed to misinform the public and lead them into supporting the wrong thing(bitcoin unlimited).

A fork could be an attempt to seize control of bitcoin.
4980  Economy / Economics / Re: The dream of getting rich with bitcoins on: March 28, 2017, 08:48:16 AM
I suspect the road to getting rich involves things like being disciplined, making good decisions, developing skills, resources or knowledge others will pay for.

Bitcoin isn't required for any of those things. But then I am not rich, so I can't say I really know what the way to do it is or whether bitcoin is required for it to happen.
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