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1  Economy / Services / Re: Earn up to 0.8BTC/month just by posting! - Advertise for! *Updated on: January 27, 2014, 11:00:49 AM

Starting posts:12

Bitcoin address:   16p6vYJ5JyosZF8c4JLJXXkxnTAxNjmj5d

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2  Other / Off-topic / Re: If you could live anywhere in the world, where would you choose(country)? on: January 21, 2014, 02:52:30 PM
japan for a while, then on a thailand island for the rest of the days
3  Bitcoin / Bitcoin Discussion / Re: Democratic manipulation of the Silk Road 29,655 bitcoins on: January 21, 2014, 02:51:05 PM
Actually a 30k dump all at once at current prices would drop btc's price down to about $500.  While I agree with you that people would just buy back in and the price would eventually rebound... a drop of $300+ dollars in a matter of seconds is huge and would likely lead to some serious panic selling at first that would drive the price down further.

It's not true that the price would drop only a little if that many coins were unloaded on an exchange at once.
That would be FANTASTIC.  I am putting in my buy orders now.

Yes I agree with you (both!). We are not sure about buy/sell orders not on the order book, it might not go that down, or maybe even lower. Def. a very good opportunity to buy more coins and many can't wait
4  Other / Off-topic / Re: Quick poll: heuristic for how long until a coin is considered "abandoned" on: January 20, 2014, 04:59:49 PM
I mean literally wiping it out -- grant it a value of 0.

Here's one about inactive accounts -- ; there's a better one about that guy who worked his whole life, died, had millions, and their children took too long to reclaim his account so they lost it under the new 3-year australian rule.


3 years is long enough for anybody to claim it I guess?
The problem is "your" father didn't let you know he stashed millions somewhere
5  Bitcoin / Bitcoin Discussion / Re: This is why Bitcoin will win ... the speed of credit cards with the cost of cash on: January 20, 2014, 01:07:06 PM
BTC though: Unstable rates...
USD has unstable rates. Yesterday 1 $ was 1.15 mBTC, today it is 1.05 mBTC. Can't use a volatile currency like that.

(it's all a matter of perspective)

I like the sentiment of this. My first reaction was 'yeah but that's because of the movement in Bitcoin, not in the USD', but it al amounts to the same thing. THe USD could easily be valued by its worth in Bitcoin. Good point.

That could be a valid statement only bitcoin is adopted as much as US Dollars.
Until then, you check the price of bitcoins in dollars, not the opposite.
6  Alternate cryptocurrencies / Altcoin Discussion / Re: cryptsy - why is this site so slow? on: January 20, 2014, 12:37:15 PM
Hello, do anyone now why this site is so slow?
Slow loading, slow sendings, slow confirmation?

I send 3 hours ago btc to cryptsy, its since 3 hours on Pending Deposit with now 6 confirmations.
On other sides it took 30 minutes.

What is wrong with this site?

Too much people using the site, just wait for them to upgrade their server...

Is it the new "in 2 weeks"? We are waiting for months already, I guess they already did but the code doesn't scale, hopeless..
7  Economy / Service Discussion / Re: OKPAY now (re)allowing GBP bank transfer to crypto exchanges? on: January 20, 2014, 12:19:15 PM
I just received the same email
time to cash out from btc-e :-)
8  Economy / Economics / Re: New Idea to invest my $41,000 dollars - Litecoins to convert in Bitcoins on: January 20, 2014, 11:15:06 AM
5od0miz3r if you think a meme can reach litecoin, keep dreaming

very spam
9  Alternate cryptocurrencies / Mining (Altcoins) / Re: Which bar are you gonna mine? on: January 18, 2014, 12:30:17 AM

None, please include None as an option.
10  Economy / Speculation / Re: BTC Beginning of the End ! on: January 18, 2014, 12:29:23 AM
Litecoin has no new technology to make it superior to other, upcoming coins.... so basically you think bitcoin will crash but have invested in litecoin and are pumping it. Educated guess based on available information. I'd say it's more likely that if bitcoin crashes, the other coins will crash as hard, and the market cap of the whole crypto currency space will decline, a good thing that will allow new fresh investors into the scene and wipe out the net worth of all the early adopters who hopefully sell and give some of their coin to the fresh investor base.   Right now for claiming to be 'decentralized' crypto currencies are really no different than fiat currencies, profit driven with a large portion of the currency being held in very few hand.. the top 1% determined to keep their riches.

Check this thread, all is clear

Another useless post, I am glad you are here to keep me laugh on friday night
Now, stop posting bullshit and do something good for the humanity: don't use google translate
11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Ethereum: 2nd gen cryptocurrency with contract programming, "dagger" hashing on: January 18, 2014, 12:05:26 AM
CPU bound? Then the big issue won't be ASCI's. It will be botnets. Read the Qubit coin thread if you want to see how botnets affect CPU bound algorithms.

Agree, PoW should evolve to CPU+GPU to exclude CPU botnets and ASICs (temporarily)
Following this
12  Bitcoin / Bitcoin Discussion / Re: [Offically Announced] U.S. Set To Sell All Silkroad's Bitcoins on: January 17, 2014, 11:44:22 PM
WHEN? All this fud is lowering the price. It's going to take them months.
Better months than never!

What's FUD on FBI selling some coins on regular auction?
Somebody will buy it and what?
This only legitimate bitcoin even more
13  Bitcoin / Mining / Re: Access to low cost electricity for Bitcoin/Altcoin Mining on: January 17, 2014, 11:39:18 PM
yes electricity will be the main cost and maintenance if you need to hire people to monitor and fix
I would exclude india tho, not very bitcoin friendly
14  Bitcoin / Legal / Re: As miner, should I declare my computers/electricity for tax purposes? on: January 17, 2014, 11:33:45 PM
I've never sold a bitcoin so I have no gains to report.

However, I've been mining for a year and purchased expensive computer parts to mine.

Will I be able to declare those as a business expense for tax purposes even though I didn't report any income( i didn't sell any coins)

If you are a miner, you have gains to report. Every coins you mined needs to be declared as income at the moment you mined it.

Not true. You have no financial gain until you sell. Think of Bitcoin as an inventory item. Your asset cost is the cost of equipment and power. As a business you don't pay income tax on unsold inventory...

If you own a rock quarry you don't pay taxes on all the rocks you own but haven't sold yet.

what if you use it to buy something?
by the way OP, which Country we are talking about?
15  Bitcoin / Press / Re: [2014-01-16] eBay UK to Allow Sale of Virtual Currency from 10th February on: January 17, 2014, 11:31:49 PM
eBay allow sale of bitcoin, OK, how is this going to work with paypal and buyer protection?
if paypal doesn't update the rules as well it will be so easy to scam free coins
16  Bitcoin / Press / Re: BIG News! HMRC to Re-Classify Bitcoin as Private Money on: January 17, 2014, 11:28:24 PM
This is a very good news indeed.
If bitcoin is capital gains tax except even better
17  Bitcoin / Press / Re: [2014-01-17] FBI authorized to sell almost 30,000 Bitcoin from Silk Road bust on: January 17, 2014, 11:24:10 PM
Funny enough to see how this will end.
Are they going to use localbitcoins? LOL
18  Bitcoin / Press / Re: 2014-01-16 Guardian - Will buying porn turn out to be Bitcoin's killer app? on: January 17, 2014, 11:22:34 PM
In 2007, became one of the most expensive domain names ever sold, when Detroit-based MXN Ltd paid $9.5m to buy it.

Now the site's owners are offering the domain for sale to anyone who will pay $50m in the digital currency.

500% in 6 years?
bitcoin adoption was supposed to inflate the price, not sure there is anything interesting in using bitcoin on a subscription based market like pr0n
19  Bitcoin / Press / Re: [2014-1-15] Epoch Times - Canada's First Bitcoin "Gift Card" Launched on: January 17, 2014, 11:17:57 PM
Whether or not the execution is good, I really like the fact companies like this are helping bitcoin get real-world precence.

And about the 10% fee, don't forget that for n00bs, this is a really easy way to enter into the world of bitcoin. Not bad at all!

agree here. we need this kind of stuff for the mainstream adoption. when time goes bye, it will be alot easyer and cheaper to buy BTC

agree on this. there will be somebody interested on this, like people in hurry to pay Bitlocker Tongue
another legit service launched is always a success
20  Bitcoin / Press / Re: [2014-01-17] France plans to regulate Bitcoin and create a European foundation on: January 17, 2014, 11:15:08 PM
This is a very good news actually
Not sure how much we can trust
Has this been covered by the french press or any other website?
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