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1141  Economy / Investor-based games / Re: Crypto Doubler - coin2x - coin2x.com on: February 20, 2014, 08:27:36 PM
I got my first payout. Now I will keep 50% (initial investment) and 50% go to make second deposit.
When I got my second payout, I will keep 25% and invest 75% again, and again, and again .... so
I back my deposit and If something goes wrong with website, I didnt lost anything

Sounds legit.
1142  Economy / Economics / Re: Mt.Gox and BItcoins, how this changed my life on: February 20, 2014, 08:12:24 PM
Rough story. I found it a bit peculiar that BitsGone (a new user) and ChrisML make the same kind of typos, especially the peculiar "seeying" but also "alot" and "aswell". I'm not saying BitsGone is ChrisML's sockpuppet or anything, and I'm CERTAINLY not accusing him of trolling for donations, even if ChrisML sent him some. I'm saying welcome to BitsGone, and clearly you've found people like yourself here. Good luck getting your money back, but remember: it's just money.

Good one. ChrisML is already on my ignore list. Some of you trolls are really bad at this.
1143  Economy / Speculation / Re: BREAKING NEWS: Bitstamp Halts Bitcoin & Ripple Withdrawals ! on: February 20, 2014, 06:33:45 PM
I have not received this email.
1144  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MEOW] KittehCoin Relaunch IS HERE!!!! on: February 18, 2014, 05:44:46 AM
its unbelievable the amount of MEOWs being API dumped on Cryptsy right now for nothing.

They must not have gotten the memo that they are creating services. Oh well, their loss, and out of the weak bagholders hands. Fine by me cheap Meow.

multipools still pullin 400000 coins in 15 min sweeps.

all they do is sell for whatever the coin price is, and move on, pure profit mindset there. " There is no future, only today" being followed rather strictly ...

1. Buy $20,000 worth of computer equipment
2. Join a multipool, mine directly to deposit address, dump for BTC
4. Profit?
 
1145  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 18, 2014, 02:46:14 AM
Can you tell me the names of the known people who own 6mil bitcoins together? or even 2mil? or 1mil?

Net says that Satoshi owns 1 M pre-mined BTC, perhaps other "founding fathers" too?  Although of course they are not "known people".

Bitcoins are pre-mined now, Mr Stanford educated computer scientist? Get thee to the developer forum, go!
1146  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 17, 2014, 07:34:42 PM
Quote
Oh and. If true Fonzie, if you work at coindesk, than all your trolling/being a dumbass explains alot.

Someone needs to tell him that making his employer look bad in one of the most highly viewed threads on bitcointalk doesn't bode well for job security.
1147  Bitcoin / Bitcoin Discussion / Re: What's the maximum amount of bitcoins you ever held? on: February 17, 2014, 07:28:50 AM
Once had about 1,100. Much less right now. Lost a bunch from ukyo.loan and weexchange and labcoin.  Sold 250 at $400 Sad. Wish I had waited another 2 weeks to sell, I would have an extra $150k from that sale. Also, now I'm facing a $40k tax bill, lol.

lol @ paying taxes on Bitcoin gains.

Sell them for cash so there's no record of the transaction and you don't have to report it.

First, assuming you are ok with tax evasion...

1) it is hard to sell over $100k in bitcoins in person.

2) Let's say you worked your ass off on local bitcoins and did. Now you have $100k in cash. You can't just deposit that in your bank account. Anything over $5k and they will fill out a form and report you (but they can't tell you they did!). And if you make multiple deposits of <$5k you can get charged with "structuring" which is itself illegal. Essentially, you have to launder your bitcoin gains. Not very easy.

3) When you use that $100k to buy something (say a downpayment on a house), the IRS is going to want to know where all that money came from.



1) You can easily get rid of 60k worth of coins in less than a month.  You can sell them in person and there are also various services you can find where you pay bitcoin to order cash through the mail.

2) The extra ~month's work is well worth keeping the extra 40k worth of bitcoins.

3) No reason to launder the gains.  Just keep the 60k as physical cash, and obviously don't use it to put a down payment on a house.  Just use the physical cash for stuff that you would normally use cash for (groceries, gas, entertainment, bills)

^^This method allows you to sell 60k worth and keep the other 40k worth of bitcoins instead of giving them to our government to finance their wars

It's not this easy, unfortunately. If you report x amount on your taxes and buy a house (or a car) that only someone with x(2) income could afford, then the IRS will want to know where all that extra money came from. I agree that if you're reaaallly careful you might be able get away with it, but is the extra work worth the risk? Getting audited isn't exactly fun. The penalties are huge and the law is on their side.
1148  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 17, 2014, 04:44:45 AM

    Deifenbach: Mr. Lundegaard, this is Reilly Deifenbach calling from GMAC. How are you this morning?
    Jerry: Yah, real good. How you doin'?
    Deifenbach: Pretty good, Mr. Lundegaard. You're damned hard to get on the phone.
    Jerry: Yah, it's pretty darned busy here, but that's the way we like it.
    Deifenbach: That's for sure. Now, I just need, on these last, these financing documents you sent us, I can't read the serial numbers of the vehicles on here, so I--
    Jerry: But I already got the, it's okay, the loans are in place, I already got the, the what, the -
    Deifenbach: Yeah, the three hundred and twenty thousand, you got the money last month.
    Jerry: Yah, so we're all set.
    Deifenbach: Yeah, but the vehicles you were borrowing on, I just can't read the serial numbers on your application. Maybe if you could just read them to me--
    Jerry: But the deal's already done, I already got the money.
    Deifenbach: Yeah, but we have an audit here, I just have to know that these vehicles you're financing with this money, that they really exist.
    Jerry: Yah, well, they exist all right.
    Deifenbach: I'm sure they do, but I can't read their serial numbers here. So if you could read me--
    Jerry: Well, but see... I don't have them in front of me. Why don't I just fax you over a copy?
    Deifenbach: No. Fax is no good, that's what I have and I can't read the darn thing.
    Jerry: Yah, okay, I'll have my girl send you over a copy, then.
    Deifenbach: Okay, because if I can't correlate this note with the specific vehicles, then I gotta call back that money.
    Jerry: Yah, how much money was that?
    Deifenbach: Three hundred and twenty thousand. See, I gotta correlate that money with the cars it's being lent on.
    Jerry: Yah, no problem, I'll just fax that over to ya, then.
    Deifenbach: No, no, fax is--
    Jerry: I mean send it over. I'll shoot it right over to ya.
    Deifenbach: Okay.
    Jerry: Okay, real good, then.

Well let's hope the wood chippers don't get involved...
1149  Bitcoin / Bitcoin Discussion / Re: What makes a whale? on: February 16, 2014, 12:43:32 AM
The term changes with time.

A few years ago many early adopters bought tens of thousands. Of course they probably sold around $30, so those wallets are rare nowadays. Can't say I wouldn't have done the same thing.

Now a whale could be a few hundred BTC in the crypto market, as they're easier to move. The BTC market is more liquid now so it will absorb huge punches (dumps/buys) without too much movement. A BTC whale would need thousands for sure to ensure the trend continues and take others along with him.

Really it's just a convenient label.
1150  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 16, 2014, 12:34:04 AM
Exact,y that's why I wrote on page before that he is teacher and they are not really exciting ones.

They tend to play on safe, and there's no place for that in crypto at this moment. You either risk hard and make it big, or you fail trying Tongue

Yes, but the fact that he's here says something Cool

Jorge, do you have a wallet set up? I use Electrum for small amounts as it's super easy and lightweight. I'm sure some of us would throw a few cents your way to play with, if only to promote Ivy League academic research!
1151  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 16, 2014, 12:15:38 AM
[ speculators ] provide liquidity and absorb excess risk that average investors are not willing to take. They exist in every market. I don't see it as a negative.

I do not intend the term as negative.  But the use of bitcoins for speculation or store of value is a side effect that is not strictly necessary for its goal (cheap safe etc. payment via internet) and may be a an obstacle to it.

I have yet to see a convincing model (with numbers) of the bitcoin economy in the bright future; much less how we can get from here to there without being steamrolled along the way by banks, governments, and other competitors like Apple and PayPal. (I read somewhere that PayPal is already blocking any payment related to bitcoin.)

The fast increase in value, for example, seems to have attracted a lot of undesriable players (greedy speculators, shady investors, incompetent businessmen, scammers...) which are already harming the project's image.


You know you're absolutely right. I don't think anyone in their right mind doubts that digital currencies have an uphill battle.

I was in total agreement with you last year, but I invested anyway because I believed in the idea, and have had this nagging sensation in the back of my brain ever since I didn't buy up domain names when I was 16. I even had the idea then, but got sidetracked with college, music, girls... you know Cheesy Bitcoin brought me right back to that "oh shit" moment when I was learning about the internet in its early days.

After using Bitcoin, one realizes that it's so far better than the traditional system that it may just win by default. It's an extraordinary piece of technology that's driven by a huge need for change, not just in the way we transfer value, but in the political arena where central banking has gotten out of hand.
1152  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 15, 2014, 11:50:19 PM
BTW: You´re actually quite famous? Is that you? Shocked

http://en.wikipedia.org/wiki/Jorge_Stolfi
Seems to fit the description, cool CV (and field of work).
yes, it is me...

Cool! Great to have such an academic mind among us... what do you think about blockchains as voting mechanisms, seeing as vote fraud is of interest to you?
1153  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 15, 2014, 11:45:17 PM
Granted, those are speculators, not users.

I remember you saying something about speculators before. They provide liquidity and absorb excess risk that average investors are not willing to take. They exist in every market. I don't see it as a negative, as their trading is equally bound by the laws of supply and demand which will result in reasonably accurate price discovery over time. So bring on the speculation, it's all part of the adoption curve which, in Bitcoin world, is shared by bitcoin owners, not venture capitalists.
1154  Other / CPU/GPU Bitcoin mining hardware / Re: Watts a typical house can handle? on: February 15, 2014, 11:24:42 PM
A typical 15A breaker may not even trip if there's more than 15A running through it.

There are two things that will trip a breaker, one is a short circuit, the other is heat. (Electricians correct me if I'm wrong here.) The amount of time it takes for the breaker to heat up determines when it will break--it isn't smart enough to know how much current is running through it so if the panel is in a cold basement that will be a factor.

Here's an example of a breaker trip curve that should give you a little more insight. So this particular breaker would handle up to 1.13 times it's current before tripping. Stay safe!

1155  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 15, 2014, 08:12:53 PM
From now on, who actually quotes the idiot, get's ignored aswell.  Tongue

If you do this in the speculation forum, you won't have anything left to read.

Ignore button is useful to judge bears' desperation. Edit: this usually happens when speculators are mostly short.

1156  Other / Archival / Re: Pictures of your mining rigs! on: February 15, 2014, 12:02:23 AM
You might want to consider some typhoon's insted, if you need more air pressure Smiley

I heard about them, but I couldn't source them easily.
Noctua are 1200 rpm ; are the Typhoons really more effective ?

The Typhoons and Noctuas are better for high pressure applications, like pushing/pulling through mesh or a radiator. The Typhoons @ 1850rpm are actually quieter than my Noctua 1500rpm fans, and perform a bit better on my radiators.
1157  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 14, 2014, 08:12:54 PM
somebody took a shit on stamp or what happend?

Someone trying to ride the waves. Risky business.
1158  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 14, 2014, 05:15:06 PM
Nooo I slept in and missed the cheap coins!

Valentines Day rally in progress.
1159  Economy / Computer hardware / Re: WTS: Corsair HX1000 PSU on: February 14, 2014, 07:02:58 AM
Sold, thanks for all the interest.
1160  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 14, 2014, 01:28:13 AM
This forum is almost as batshit crazy right now as when we were at $1200.   The agendas are out in full force.

Is the bottom in? No. But its getting closer.

Reading some more fiat for a purchase soon. Probably within the next week.

Meanwhile, bears, enjoy the ride. You are making cheaper coins available for all. And I thank you for that.

I get paid on the 15th (as do many in the US who are paid bimonthly, 15/31 are big paydays) and you'd better believe I'm buying. Bills be damned!
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