Bitcoin Forum
May 03, 2024, 04:53:53 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 [77] 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 ... 166 »
1521  Bitcoin / Mining speculation / Re: Why no bitcoin mining farms in Sahara? on: January 13, 2016, 11:41:25 PM
The map shows South Algeria. I'm not sure there's a fast and reliable Internet connection available there. And I doubt there would be anyone living there interested in such a business. Foreigners could be tempted, but the area is not safe for Europeans, nor Americans.
Not to be Mr.Ignorant but there is a terrorist presence there isn't there, would definitely be hard for westerners to set something up.

Huh That's precisely what I meant when I wrote the area wasn't safe for foreigners. They would get noticed instantly, like the solar panels, which would have to be hidden behind walls not to attract unwanted attention.
Another issue in the desert is dust. You would need to regularly clean the solar panels.
1522  Bitcoin / Development & Technical Discussion / Re: Could the Current Block Size Sustain the next Bubble? on: January 13, 2016, 11:36:08 PM
Will the next bubble be able to sustain the daily transactions?

That's the big question, and nobody has the answer, as there are too many factors to make forecasts. My belief is that as the problem gets more acute, the community will be more willing to find a solution. Then, besides the block size issue, there could small "step-solutions" like raising the minimum amount to make a transaction ((0.05 BTC could become the minimum) or raising fees.
1523  Other / Politics & Society / Re: The new way police are surveilling you: Calculating your threat ‘score’ on: January 13, 2016, 11:25:58 PM
I know the problem so well, and it scares me. The only solution is to minimize your personal data. Don't be on facebook. Never use uber of airbnb. Don't use credit cards, never subscribe to any service and move frequently. Because it takes time to calculate someone' score. If you're always a newbie, you'll stay safe.
1524  Bitcoin / Mining speculation / Re: Why no bitcoin mining farms in Sahara? on: January 13, 2016, 11:20:18 PM
The map shows South Algeria. I'm not sure there's a fast and reliable Internet connection available there. And I doubt there would be anyone living there interested in such a business. Foreigners could be tempted, but the area is not safe for Europeans, nor Americans.
1525  Bitcoin / Bitcoin Discussion / Terrorists use Western Union, not Bitcoin on: January 13, 2016, 01:46:17 PM
From
http://edition.cnn.com/2016/01/07/europe/paris-attacks-brussels-operatives/

The man, using the false Samir Bouzid identification card at a Western Union outlet in the Brussels area, wired 750 euros ($807) to Hasna Ait Boulahcen on November 17, the Belgian prosecutor's office said. Both of the publicized suspects -- the men going by the names of Kayal and Bouzid -- were at the store from which the money was sent.

Time to stop the stupid rumor that BTC is used by the bad guys. They're using WU.

1526  Other / Politics & Society / Re: Barack Obama calls for "common-sense gun reform" in a New York Times editorial. on: January 13, 2016, 12:16:32 AM
Funny that the guy who says that the people should not have guns is the most protected man in the world, with hundreds of heavily armed men dedicated to his own unique protection, and hundreds of thousands of soldiers with the best guns available under his direct command.
1527  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin make Banks disappear? on: January 13, 2016, 12:04:45 AM
Banks will stay forever because of regulations and normal business practices. In most of Europe, it is impossible to get a phone line without a bank account. The phone company will tell you that it doesn't want to do business with you. No phone, so no Internet and no BTC. Same for utilities.
1528  Economy / Economics / Re: Greeks Told To Declare Cash "Under The Mattress", jewelry and precious metal! on: January 13, 2016, 12:00:22 AM
Doesn't anyone know it's the same thing everywhere, including the US? If you go to a bank with $15,000 in cash, explaining to the bank teller you had the money hidden under your mattress, he will instantly report your suspicious behavior to the police because of AML and KYC regulations.

All your expensive goods are registered (cars, real estate) and if you have expensive jewellery, or gold, you won't be able to sell it without some kind of proof of purchase...
1529  Other / Politics & Society / Re: The War on Cash is Real on: January 12, 2016, 11:54:33 PM
My memory's not very good, but I'm sure it's been done before. This is normal warfare, like everything which can trouble, hurt or disrupt the enemy. I guess IS could pay its soldiers with gold since it has seized quite a lot of metal in Mosul, but it's most likely they will be paid with kidnapped women.
1530  Other / Politics & Society / Re: 10 Of The Coolest Gadgets We Saw At CES 2016 on: January 10, 2016, 11:51:31 PM
I like that GoSun stove but it's expensive for what it is. I guess that in a few years, price will come down, so I'll get one.

Don't know why they're calling that midget-sized helicopter a drone. If a human can climb aboard, it's not a drone anymore. Does it actually fly with a real man inside?
1531  Economy / Economics / Re: Upcoming Puerto Rican bankruptcy:Any impact on Bitcoin? on: January 10, 2016, 11:48:10 PM
I can't imagine anything happening in Puerto Rico having an effect outside of Puerto Rico. Just look at Greece: it was huge drama for the Greeks, but nothing changed in Germany or in the rest of Europe. Where's Puerto Rico, by the way? I forgot.
1532  Economy / Economics / Re: Bitcoin as a Gold Standard on: January 10, 2016, 11:45:30 PM
This isn't a question. BTC is the de facto gold standard for every other cryptocurrencies. There would not be any other if BTC hadn't come first. But BTC will never be a gold standard compared to fiat currencies. You may remember that the gold standard implies that it keeps in value whatever the circumstances, be it a war, or an earthquake which would destroy all power networks.
1533  Bitcoin / Bitcoin Discussion / Re: Ever dreamed about Bitcoin? on: January 09, 2016, 11:59:44 PM
I've never dreamed about BTC and I hope I never will. Nor should anyone. Unless you're Scrooge McDuck, nobody dreams about money. It isn't the end. I dream about what money can bring, say fast cars, top models, huge houses, but I'd be sad to dream about money.
1534  Bitcoin / Bitcoin Discussion / Re: bitcoin from illegal activities on: January 09, 2016, 01:08:24 AM
Bitcoins used in illegal activities are called "tainted coins". As far as I know there is no way to 'clean' tainted coins other than mix it.
There never be any other service where you will be able to exchange 'tainted coins' for 'fresh coins'. Tainted coins will be tainted forever.
how can you determine whether or not the coins are tainted?  I am assuming there is not a big flag on them that says, hey I am a tainted coin!! lol.  I am seriously interested how you can tell if they are tainted or how you can verify whether or not they are tainted.

There is no any "flag" on bitcoins. But because all bitcoin transactions are traceable and public, blockchain analysis and forensic companies are starting to pop up. Just one example:
http://uk.businessinsider.com/bitcoin-elliptic-startup-anti-money-laundering-tool-get-banks-interested-cryptocurrency-2015-6?r=US&IR=T

These companies aim at identifying "bad" bitcoins so that merchants can avoid them and law enforcement track.

And another one...... http://coinalytics.co/
and yes there are more
and the point being companies will/are using them

You don't need to use those presumably expensive companies to find out about someone. This service is free:

https://blockchain.info/taint/your-address

And the service it gives is more than enough for most people. Now, who has ever used it? I've checked my address to see what it looked like, but I haven't checked any other.
1535  Economy / Economics / Re: Comparing world's money and markets on: January 09, 2016, 12:56:57 AM
I'm surprised to read that the derivatives markets are 9 times larges than all stocks markets, because derivatives aren't legal everywhere. The actual, real money involved, as a down payment, should be only a fraction of that amount.
1536  Other / Politics & Society / Re: German police cover up illegal muslim immigrant sex assaults on: January 08, 2016, 12:07:09 AM
A German interior minister has claimed that right-wing views on the attacks of Muslim immigrants on local men and women in Cologne are as bad as the attacks themselves ... ! There are some very dangerous and bizarre political forces going on in Germany, effectively brainwashing the general public.

Source: http://www.huffingtonpost.co.uk/2016/01/07/far-right-calls-for-boarder-to-close-after-cologne-attacks_n_8928256.html?1452183399&

Forces?  I assume you are talking money.  Like Saudi money?

Oops, struggling with the English language here  Wink

No, I mean there's a political climate in Germany in where even the slightest criticism on immigrants are heavily frowned upon to say the least, possible influenced by a national chronic 'guilt' due to Germany's history in WWII. More or less self-hatred. I consider it a nationwide mental illness, and more countries are affected by this phenomenom ... !

Maybe, but it could also be money under the table to politicians by the like of Saudi influences.  There's no reason to assume irrational behavior when rational behavior is also plausible.

The Saudis? Or other rich Arabs from the Persian gulf? They have yet to show the slightest sign of concern towards immigrants, so I can't imagine them giving any money to make immigrants more easily accepted in Europe.

There's no outside influence.
1537  Other / Off-topic / Re: Blockchain securing Nuclear Power Plants! on: January 08, 2016, 12:01:00 AM
Not all Blockchains are private! The Bitcoin blockchain isn't (at least for now).

Sorry, but I don't see BTC's blockchain as something public. I see it more as a private company, which is publicly traded with anyone able to buy shares, in that case, get the proper equipment and become a miner. The world mobile phone network isn't public either, even though everybody can buy a phone and make calls.
1538  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a way to avoid corruption on: January 07, 2016, 11:49:32 PM
I was watching a TED talk the other day that mentioned how Bitcoin or other cryptocurrencies could be used as a way to bring transparency to political campaigns, welfare, government/state expenses and other similar areas. We as tax payers will be able to know exactly how much money is allocated for each area and how it is used.

I was thinking also that this could also become the norm for donation centers, foundations and charities.

What do you guys think?

No. BTC would not change anything, and BTC would not give more information. Most citizens don't bother looking but most countries and big charities have all accounting books open to the general public. I think the most open is the UK. It launched the open government initiative a few years ago, and everyone can check what's going on.

http://www.opengovernment.org.uk/
https://data.gov.uk/

It's very boring to look at, but it's all there if you're willing to take the time to search properly.

Yes but accounting books are not nearly as transparent as the Bitcoin ledger plus no audit is 100% trustworthy. Every single Bitcoin transaction is accounted for in the Blockchain and can be traced with precision. It is impossible to cheat the system or shift the blame to human error.

Who could check the blockchain to see what's the government is doing?
Does anyone here seriously thinks it's possible?

Do you guys realize that an average country like the UK is doing more than 50 millions transactions each month?
And it's very easy to hide one transaction among thousands others...

1539  Other / Off-topic / Re: What was the last car you saw ? (Daily thread) #005 on: January 07, 2016, 11:38:58 PM
I wonder where the OP lives. If I look by the window, I'm not going to see one car, I'm going to see at least 10. And I certainly don't live in a big city. Just an average town.
1540  Economy / Economics / Re: HOW do you get gold onto the plane...? on: January 07, 2016, 11:36:24 PM
There isn't one single solution. It all depends on quantity and destination.

Some people have suggested to melt the metal, but I advise not to do that, because it would make gold much more difficult to sell, and it would only sell at a discount. If you want to sell full price, be it a coin or a bar, there must be the name of the issuer on it. If it's a large bar, there shall be a serial number, too.
Pages: « 1 ... 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 [77] 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 ... 166 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!