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1841  Other / Off-topic / Re: Bank or Bitcoin Wallet? on: November 21, 2015, 09:47:03 AM
i prefer Bitcoin Wallet.
because I think it more accessible and very simple. if there are unexpected events we do not need to come to the bank

Online banking is accessible and simple too. You don't even have to visit the branch.
1842  Bitcoin / Press / Re: [2015-11-20] Ben Bernanke: bitcoin is interesting but not safe enough on: November 21, 2015, 09:42:13 AM
Ben Bernanke: bitcoin is interesting but not safe enough
The former head of the US Federal Reserve shared his views on bitcoin and explained what “features and bugs” can be found in the cryptocurrency in an interview he gave to Quartz.
http://www.coinfox.info/news/3778-ben-bernanke-bitcoin-is-interesting-but-not-safe-enough

You don't expect somebody who initiated quantitative easing to be positive about Bitcoin.
I don't see him attacking safety aspects in the article, only volatility and anonymity.
1843  Bitcoin / Bitcoin Discussion / Re: Bitcoin - one of the Terrorists Funding Sources on: November 19, 2015, 01:12:10 AM
So the picture above is wrong. BTC isn't comparable at all to black market oil. What it should state is the origin of all those BTC IS is supposedly getting. As it doesn't say anything about it, I guess this is all vaporware. The world has yet to see a single hard fact showing that IS is effectively having an income in BTC.

If there is evidence, you can expect the authorities to act on it. The blockchain might provide them clues about the origins. If they can't locate the source, we can expect some restrictive legislation coming our way soon.
1844  Bitcoin / Press / Re: [2015-11-17]Inverse - No Nobel prize for Nakamoto on: November 19, 2015, 01:06:31 AM
Too many economics academics would look silly if he won too. You know how much academics like looking foolish.
Nobel just got that much less relevant

Isn't the committee that selects the nobel prize winner filled with academics too?
They definitely won't be comfortable giving it to him.
1845  Bitcoin / Press / Re: [2015-11-14] Bitcoin price scyrockets to $2200 on Gemini Exchange on: November 14, 2015, 12:27:28 PM
It's either the exchange that is trying to get some media attention or some one who made an error with the numbers while placing a buy order. The people who had open sell orders that high received an early Christmas gift  Grin

This doesn't reflect very well on the exchange.
So I doubt if it is the exchange trying to get attention.
1846  Other / Off-topic / Re: How to motivate women to use Bitcoin? on: November 14, 2015, 09:42:43 AM
Just tell them that it is the easiest and safest way to online shop. Women love online shopping right? We should also advertise Bitcoin in a more girly way so that women will start using it. We don't really need women in the Bitcoin community, do we? Oh wait.......we do

And if they ask you how is it better than a credit card, do you have a reply?  Smiley
You can spend money that you don't have and get great offers from shopping sites using credit cards.
1847  Bitcoin / Bitcoin Discussion / Re: How much Bitcoin have you donated? on: November 14, 2015, 09:39:13 AM
I have made charitable contributions in my life, but no bitcoin donations so far.
If bitcoins really take off, I might convert a portion of it to fiat and donate to local charities.
1848  Bitcoin / Press / Re: [2015-11-14] Bitcoin price scyrockets to $2200 on Gemini Exchange on: November 14, 2015, 09:23:18 AM
Quote
According to market data under one hundred bitcoins were exchanged during the spike to $2200.

People who had placed sell orders at outrageous prices must have made some money.  Smiley
1849  Bitcoin / Press / Re: [2015-11-12] Bitcoin has no future, says UBS chairman Axel Weber on: November 12, 2015, 04:53:48 PM
First Jamie Dimon, now Axel Weber... I wonder why all these banking honchos are so confident that Bitcoin has no future.  Smiley
I expected central bankers to be more open minded. So was surprised to read about Bank of England's views.
1850  Bitcoin / Mining speculation / Re: what will happen in 37 weeks when bitcoin halves again on: November 12, 2015, 04:48:05 PM
The same thing that happened last halving, nothing special, business as usual...

Did mining profits decrease?

Yes, they went from 50 BTC per block to 25 BTC per block.

Nope, that's the revenue, not profits.  Smiley
1851  Other / Off-topic / Re: 2016, The Year of Bitcoin? on: November 10, 2015, 12:46:45 PM
2015 is the year of turning point for bitcoin price comes out of bear market. 2016 is the year for bitcoin to be reported more in main stream media and used more as a currency.

I agree on the turn around year being 2015 - but I believe too 2016 more volatility in the price as the halving is happening pretty soon and people will speculate.

The outlook already seems to be positive.
We have had 2 disaster years - 2014 and 2015 (most of it).
The current price run up seems to be in anticipation of the drop in supply post block reward halving.
1852  Bitcoin / Press / Re: [2015-11-10] Russian Ponzi scheme creator claims he can influence bitcoin econom on: November 10, 2015, 12:41:34 PM
Russian Ponzi scheme creator claims he can influence bitcoin economy
The founder of most famous Russian Ponzi scheme MMM, Sergey Mavrodi, claims in an interview to FT Alphaville that he is responsible for the recent uprise of bitcoin price.
http://www.coinfox.info/news/persons/3647-russian-ponzi-scheme-creator-claims-he-can-influence-bitcoin-economy

What an exaggerated sense of self-importance!
Perhaps he would care to explain why the price has dropped from $500 to $375, although his scheme is still operational.
1853  Bitcoin / Press / Re: [2015-11-10] NEW YORK EXCHANGE ITBIT WINS 10,000 BTC IN SILK ROAD AUCTION on: November 10, 2015, 12:37:03 PM
It would have been nice if the price had been disclosed as well.
People are curious about whether the coins were sold at above market or below market rates.
1854  Bitcoin / Bitcoin Discussion / Re: Europeans Can Now Receive Their Paycheck in Bitcoin on: November 09, 2015, 03:47:13 PM
It is an interesting feature, but would there be demand for such a service?
Do we know how many people actually use Bitwage?
1855  Bitcoin / Bitcoin Discussion / Re: Another Ransom paid using Bitcoin on: November 09, 2015, 03:42:28 PM
People need to get the memo, We do not negotiate with bitcoin terrorists.

If they are threatening your business, your data or anything else that you hold dear.. Do not pay them, because you might think they will give you what they promised, but in my mind this is just more reason for them to hold onto what they have and push you farther and farther until you can't pay anymore.

Bitcoin terrorists is bad usage.
The only connection to Bitcoin is that the ransom paid was in Bitcoins. The hackers have no ideological support for Bitcoin; they just find Bitcoin's pseudonymity useful.
1856  Bitcoin / Press / Re: [2015-11-09] Chinese experts: bitcoin price has nothing to do with capital contr on: November 09, 2015, 03:39:25 PM
If there were no capital controls, the Chinese would just buy cheaper BTCs from international exchanges. There is no reason why they should buy more expensive bitcoins in Chinese exchanges.
1857  Bitcoin / Bitcoin Discussion / Re: "Bitcoin Will Not Survive", says Jamie Dimon on: November 08, 2015, 04:37:03 AM
Bitcoin is technology and Dimon is a human.... Who will not survive?

If Bitcoin does not succeed in Dimon's lifetime, it is probably a failure.
1858  Bitcoin / Mining speculation / Re: what will happen in 37 weeks when bitcoin halves again on: November 08, 2015, 04:31:30 AM
The price increase over the last month seems to be factoring in this.
Supply will be cut. So we can expect some further price appreciation.  Smiley
1859  Bitcoin / Press / Re: [2015-11-07] Is This Digital Currency a Scam? on: November 07, 2015, 03:01:33 AM
It was back in May 2010 that the very first ‘real world’ Bitcoin transaction was conducted: 10,000 bitcoins traded for two Papa John’s pizzas.
Today that transaction would be worth nearly $4 million, probably making those the most expensive pizzas in the history of the world.

http://moneyandtech.com/digital-currency-scam/

Nothing in the page above, except a redirection link to the original article.
Makes sense to post that here.

https://www.sovereignman.com/trends/have-you-heard-of-this-digital-currency-thats-a-total-scam-18189/
1860  Bitcoin / Bitcoin Discussion / Re: "Bitcoin Will Not Survive", says Jamie Dimon on: November 07, 2015, 02:59:18 AM
I agree with him to an extent. Till the Government doesn't make Bitcoins a legal currency and regulate it, the crypto currency doesn't look to have a great future. Just like what happened with Liberty Reserve and the owner was arrested to have an online wallet that could be used for illegal purposes, I am afraid the same case would be with bitcoins as well.

Liberty reserve was meant to be a money laundering scheme and hence was different.
The most important fact is the the US government has auctioned bitcoins seized from silk road. This gives Bitcoin implied legality. Plus with Bitlicences being in place, the question of Bitcoin's legal status doesn't arise.
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