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News: Latest Bitcoin Core release: 27.0 [Torrent]
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21  Bitcoin / Bitcoin Discussion / Re: the 54uBits Patch 8.2?, I'd like the market to decide. on: May 06, 2013, 12:44:37 AM
Just interested on knowing why you mentionned FTC and CNC.

I really think this is a good opportunity for "alt coins" to rise and finally have some real use. I've been using Litecoins for when I needed funds to be moved almost instantly, and they could be used to cover micro transaction, bitcoin being used for the bigger ones.

I think a world with many coins would be better than a world ruled by bitcoins and bitcoins only.
22  Bitcoin / Bitcoin Discussion / Re: WARNING! Bitcoin will soon block small transaction outputs on: May 05, 2013, 07:10:07 PM
This is Satoshi critics to existing system Bitcoin should be opposite to. They breaking the Bible.

Completely non-reversible transactions are not really possible, since financial institutions cannot avoid mediating disputes. The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions, and there is a broader cost in the loss of ability to make non-reversible payments for non-reversible services.

From one patch to another, Bitcoin becomes what they try to get rid off.

Why are they doing this? Reduce lag on shitty exchanges such as GOX??
23  Economy / Speculation / Re: are bitcons getting old? THE STATE OF BITCOINS. on: April 28, 2013, 10:19:16 PM
No not at all. Bitcoin is the most exciting experiment I've ever been part of.
24  Bitcoin / Armory / Re: Cannot Open Armory Anymore After Update (log details) on: April 28, 2013, 12:58:44 AM
I sent you an email. Starting the offline version through the start menu gives me the same problem!

I will be waiting for your email. Thanks!
25  Bitcoin / Armory / Re: Cannot Open Armory Anymore After Update (log details) on: April 27, 2013, 09:16:01 PM
Well this is the full log, I have cleared the txt document before opening Armory and these are the only lines I get, or maybe I'm doing something wrong but it's the only thing the log will show me. It will just loop these lines when I try to open it multiple times. I didn't change anything related to the path directory.

Does this compromise my wallets? I cannot get access to them.

Thanks for the quick reply.
26  Bitcoin / Armory / Cannot Open Armory Anymore After Update (log details) on: April 27, 2013, 10:43:44 AM

Since I made the latest update, every time I'm trying to start the Armory it says "Error Occured" "See the logfiles for details", and I just can open the damn client!

Here's the log it gives me:

Traceback (most recent call last):
  File "", line 37, in <module>
  File "armoryengine.pyc", line 321, in <module>
  File "armoryengine.pyc", line 264, in findLatestBlkFiles
  File "armoryengine.pyc", line 122, in toPreferred
  File "armoryengine.pyc", line 116, in toUnicode
UnicodeDecodeError: 'utf8' codec can't decode byte 0xe9 in position 15: invalid continuation byte

The error being most probably

UnicodeDecodeError: 'utf8' codec can't decode byte 0xe9 in position 15: invalid continuation byte

I really don't know what to do, tried to downgrade it to see if it was a problem with the update itself, but it doesn't work. Bitcoin QT is opened, and everything is as it should. Does anyone know what to do??

Thank you!
27  Economy / Economics / Re: BTC-E falls to 99$ on: April 21, 2013, 07:53:20 PM
Why couldn't it be different then? Your guess is as good as mine...Markets are not perfectly cyclical and the same events can affect the market in many different ways.
28  Economy / Service Discussion / Re: Opinions on BitSpend? on: April 17, 2013, 11:38:39 PM
Everything is great about them.  Good customer service and rapid business.  My friend made over 20 purchases with them and I just bought a ticket for Amsterdam's awalening festival today.  I have NOTHING bad to say about them,  and neither do my friend.

I will always do business with them from now on.  Don't see any reason why not to Smiley
29  Economy / Speculation / Re: BTC/USD: Ready for "The Running of the Bears"? on: April 10, 2013, 05:01:12 AM
He's indeed going rogue...
30  Economy / Service Discussion / Re: Anyone made any orders with bitspend lately? on: April 09, 2013, 12:04:43 AM
Yes, several, and top speed usually.

My partner made a 7,000$ order once, and it went smoothly.
31  Economy / Speculation / Re: Bitcoin needs to do a "stock split" and add new (sub)names on: April 07, 2013, 11:45:30 PM
I don't think it's a good idea at all to split the bitcoin into multiple currencies. As time goes by, people will learn to get used to it and you'll get people saying "if only it were at 150$ I would invest".

Making things even more confusing is that last thing the bitcoin economy could use. It's already a lot for the common people who aren't used to work with encryptions...
32  Economy / Economics / Re: BTC-E vs Mt.GOX ... List price .. I don't get it. on: April 05, 2013, 10:43:03 PM
Some people are doing it.

You should buy on btc-e that's a no-brainer...
33  Economy / Currency exchange / Re: How to buy $100k in bitcoins? on: April 04, 2013, 10:32:31 PM
But then again there is a huge number of people waiting for their account to be confirmed and verified. It may take your friends quite some time.
34  Alternate cryptocurrencies / Altcoin Discussion / Re: LTC on MTGOX on: April 03, 2013, 06:36:34 AM
I asked myself on April 2nd and they still confirmed on Twitter.


Plus the source code
Plus the IRC channel announcement

Yes, Mt. Gox. is set to trade LTC soon, better buy before it sky-rockets. It is actually out-performing bitcoin in terms of growth percentage. The true way to see Litecoin is as a good insurance in case some major flaw/attack happens on the bitcoin.

I'm very bullish on this one, it think it has a great future as a faster crypto-currency (it can easily co-exits with bitcoin and serve other purposes). I have first bought at 0.0055 and considered that late and the time. Now I'm happy. I predict 20$+ once it is fully integrated in the Gox.
35  Economy / Speculation / Re: BTC/USD: Ready for "The Running of the Bears"? on: April 02, 2013, 02:40:01 AM
Does it really matter to you when is he going to buy/sell?
considering his record of failed TA's and conclusions, I wouldn't take any advice from this guy. Just a warning! Smiley

I know, whereas you possess all the qualities of a great money manager and financial advisor... rash, arrogant, emotional, leaping to conclusions, uncompromising, difficult to get along with, condescending, general know-it-all attitude... we should all hire you to manage our money!  Grin

I was thinking the same of you by the way...I must not be alone 0_0
36  Other / Beginners & Help / Re: why do you think exchange has been so flat??? on: March 31, 2013, 09:28:42 PM
Easter coupled with the banking holidays in North America + the weekend...

I ain't too surprised but again I had a prediction that the next flat line would be at the 100$ or so mark. I hope it breaks on Tuesday Smiley

I personally think a nice flat line is good to breathe a bit. These days have been very exciting!
37  Other / Beginners & Help / Re: Will Bitcoin hasten the collapse of the US dollar? on: March 31, 2013, 05:32:25 AM
Will Bitcoin hasten the collapse of the US dollar?

Here are some facts about the USA economy to consider
1. More money is owed in debt than exists
2. The only way to liquidate debt is through bankruptcy
3. If the government defaults(Bankruptcy) on it's debt, it will basically destroy the currency value
4. To avoid defaulting on the debt they perpetually borrow money to keep paying down debt. At the same time interest on newly borrowed money causes even greater debt.
5. Each day the Federal Reserve prints approximately 4 billion dollars further devaluing the currency anyway.
6. There is no limit to the amount of money that can exist
7. It is a debt based monetary system.
8. Private Banks Control money supply
9. Money gets created every time you borrow money, not only when federal reserve prints it.

Basically the USA is in a situation where they are screwed either way.

Here are some facts about Bitcoin
1. A negative balance, or debt cannot exist in a bitcoin wallet
2. It has a finite amount of coins that can exist
3. No authority controls bitcoin

So those are the facts, now here is my heavily exaggerated but still possible future scenario. Starting with Bitcoins inception.

1. Decentralized currency experiment is started by some anonymous hacker
2. War on drugs forces traders to find more anonymous methods of transactions(Bitcoin). Further increasing its adoption.
3. As more investors flock to bitcoin, it reduces number of transactions in USD
4. Fewer transactions in USD reduce liquidity, causing deflation.
5. Governments will likely compensate with a printing run as usually, causing inflation
6. Increased money supply continues to devalue currency
7. All the while the value gap between Bitcoin/USD continues to grow farther apart.
8. Investor confidence continues to grow in Bitcoin, confidence in USD continues to drop
9. Initially bank runs ensue, people try to get their money out.
10. People begin using loans/credit to purchase untraceable Bitcoins, and then declare bankruptcy
11. Banks begin to collapse because Bitcoins are untraceable assets. Meaning no assets can be reclaimed from bankruptcy.
12. Trading Volume between BTC/USD is at all time low
13. At some point the banking elite begins to mass purchase bitcoins to hedge their losses. Some may be too late, some may not be too late.
14. Any bankers that get into bitcoin early to hedge their losses in effect will have contributed to its success
15. The War On Drugs now indirectly caused the collapse of Fractional Reserve Banking.

I'm writing this post mostly for amusement so I can get into the other forums. I need those 5 posts... Anyway I am still interested in discussing this though. I am a Libertarian if you couldn't tell.


10. People begin using loans/credit to purchase untraceable Bitcoins, and then declare bankruptcy


38  Economy / Economics / Re: Big rise coming - massive news lashback - bitcoin just went mainstream on: March 30, 2013, 02:43:14 AM
The Google link is particularly interesting!
39  Other / Off-topic / Re: "BTC Pride" Equal Rights on: March 28, 2013, 08:24:18 PM
Ahahahahahaha we need a BTC pride month too Cheesy Cheesy
40  Economy / Speculation / Re: BTC/USD: Ready for "The Running of the Bears"? on: March 27, 2013, 08:14:03 PM
well so far we have seen what we called a quadruple top... Smiley

You really should give it a rest... I'd hate to think that your reading comprehension skills are that poor... Roll Eyes

At no point did I ever point at any particular price and call it an exact top (that's virtually impossible to get right). Instead, I highlighted some potential areas of interest in the charts, explained what technical indicators can imply and offered potential scenarios for a price correction. And I disclosed the fact that I have sold and am currently on the sidelines watching this thing... You can disregard technicals if you like, but don't come crying to me when you buy into a massive head & shoulders and get taken to the woodshed (which might happen sooner than you think).

It's easy for everyone to think they're expert traders in roaring bull market, like so many did in the DotCom boom, but it will be interesting to see how many of you are left standing the first time we hit a bump in the road.  Wink



And how many times were you explained why the Dotcom bubble and the bitcoin aren't comparable. Is it that you, too, have poor reading skills, or is it because you just won't accept the fact that your comparison is...well, inappropriate?

And no, this wouldn't be the first bump in the road....
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