Author

Topic: Gold collapsing. Bitcoin UP. - page 1070. (Read 2032266 times)

legendary
Activity: 1764
Merit: 1002
July 22, 2014, 11:06:21 AM
i thought this was interesting from Coinometrics.  i drew in the trendlines.  try extrapolating ghash (green) in your mind to match that of Deepbit and BTCGuild:

hero member
Activity: 836
Merit: 1007
"How do you eat an elephant? One bit at a time..."
July 22, 2014, 09:56:10 AM
Passed btc to another finance guys iPhone last night at a dinner table of 8. Even the wives got quiet when I did this for the men. Made a big impression and the skepticism is decreasing significantly amongst these people.

I also made the point that because I was using my vpn to connect with Sweden, that the btc were traveling 11000 mi before landing in his phone. It took 10 s. I only sent him 60c worth but emphasized there is no other payment services that could do that. His words were "that's amazing". So happy that Apple opened back up.

They call me Mr. Bitcoin Smiley

Having a bitcoin wallet available in the appstore makes it very easy to demo bitcoin when at parties and pubs.  

May I ask what wallet you are using?  I personally use the blockchain.info iPhone wallet, but last time I checked it's still not back.  I've missed a couple opportunities to demo bitcoin now just because I'm not familiar with any of the wallets currently in the appstore.

For demos I use "bitwallet" on iphone because it is quick to set up and I like the fact that you can scan private keys with it. There are few others that aren't bad either: "coinpocket" and "breadwallet."

BTW, I used to use "easywallet.org" via safari browser for demos before Apple started allowing bitcoin wallets. Fast, great user interface but they need to bookmark the page in order to not lose their bitcoins. It is run by Jeremy Kangas of LocalBitcoins.com and it is a web wallet.

EDIT: For android I recommend Mycelium all the way. By far my favorite mobile wallet. Easy key management and you can spend from cold storage/paper wallets.



legendary
Activity: 1764
Merit: 1002
July 22, 2014, 05:50:52 AM
Student loan system is almost financially unworkable, say MPs

http://www.theguardian.com/education/2014/jul/22/student-loan-system-financially-unworkable-mps?CMP=twt_gu

there are student loan bubbles everywhere waiting to pop. Note how the MP's push the problem off to the next electorates.
legendary
Activity: 1162
Merit: 1007
July 22, 2014, 01:39:26 AM
Passed btc to another finance guys iPhone last night at a dinner table of 8. Even the wives got quiet when I did this for the men. Made a big impression and the skepticism is decreasing significantly amongst these people.

I also made the point that because I was using my vpn to connect with Sweden, that the btc were traveling 11000 mi before landing in his phone. It took 10 s. I only sent him 60c worth but emphasized there is no other payment services that could do that. His words were "that's amazing". So happy that Apple opened back up.

They call me Mr. Bitcoin Smiley

Having a bitcoin wallet available in the appstore makes it very easy to demo bitcoin when at parties and pubs.  

May I ask what wallet you are using?  I personally use the blockchain.info iPhone wallet, but last time I checked it's still not back.  I've missed a couple opportunities to demo bitcoin now just because I'm not familiar with any of the wallets currently in the appstore.
legendary
Activity: 2044
Merit: 1005
July 22, 2014, 12:37:11 AM

This movie looks fantastic.  And it being released after the Snowden revelations and during the bitcoin boom seems like ideal timing to get the public thinking about cryptography.  If the film covers the treatment of Alan Turing after the war, then it may get viewers to reflect more deeply about the horrendous acts caused by big government when they think "they know what is best for people."

Agreed. I will be looking forward to watching this.


Gotta wait till Nov Sad well hopefully we will be in full bubble mode by then.
legendary
Activity: 1764
Merit: 1002
July 22, 2014, 12:21:35 AM
http://libertyblitzkrieg.com/2014/04/16/new-report-from-princeton-and-northwestern-proves-it-the-u-s-is-an-oligarchy/

The study found that even when 80% of the population favored a particular public policy change, it was only instituted 43% of the time.
legendary
Activity: 1764
Merit: 1002
July 21, 2014, 11:11:13 PM
Looks like ghash is effectively neutered. And if not, get out at 41%.

legendary
Activity: 1764
Merit: 1002
July 21, 2014, 10:51:06 PM
Passed btc to another finance guys iPhone last night at a dinner table of 8. Even the wives got quiet when I did this for the men. Made a big impression and the skepticism is decreasing significantly amongst these people.

I also made the point that because I was using my vpn to connect with Sweden, that the btc were traveling 11000 mi before landing in his phone. It took 10 s. I only sent him 60c worth but emphasized there is no other payment services that could do that. His words were "that's amazing". So happy that Apple opened back up.

They call me Mr. Bitcoin Smiley
hero member
Activity: 836
Merit: 1007
"How do you eat an elephant? One bit at a time..."
July 21, 2014, 10:33:36 PM

This movie looks fantastic.  And it being released after the Snowden revelations and during the bitcoin boom seems like ideal timing to get the public thinking about cryptography.  If the film covers the treatment of Alan Turing after the war, then it may get viewers to reflect more deeply about the horrendous acts caused by big government when they think "they know what is best for people."

Agreed. I will be looking forward to watching this.
legendary
Activity: 1162
Merit: 1007
July 21, 2014, 10:18:27 PM

This movie looks fantastic.  And it being released after the Snowden revelations and during the bitcoin boom seems like ideal timing to get the public thinking about cryptography.  If the film covers the treatment of Alan Turing after the war, then it may get viewers to reflect more deeply about the horrendous acts caused by big government when they think "they know what is best for people."
legendary
Activity: 1764
Merit: 1002
legendary
Activity: 1764
Merit: 1002
full member
Activity: 236
Merit: 100
July 21, 2014, 05:15:59 PM
Recommended reading from Stripe:

https://stripe.com/blog/bitcoin-the-stripe-perspective

He mentions Bitcoin being used for settlement between payment systems like Alipay and SEPA:



What he doesn't mention is settlement between central banks, instead of gold.


What he also doesn't mention is that individuals can use bitcoin as a settlement mechanism directly and bypass both middlemen.  But then where would Stripe fit in?  It wouldn't.  That's why they don't mention it.

Maybe they know this is a possible outcome but figure the legacy networks will start using bitcoin first.  I doubt that.  I think individuals and companies will use it first.  They already started.
legendary
Activity: 1764
Merit: 1002
July 21, 2014, 04:19:10 PM
Spain says to charge tax of 0.03 percent on bank deposits

I already explained how irrelevant that news is, unless now you are reporting on every <0.1%GDP tax hike in every OECD country. This has nothing to do with the 20% Cyprus levy or anything like that.

How is it irrelevant? Any tax on deposits is preposterous no matter what country you're from.
legendary
Activity: 1400
Merit: 1013
July 21, 2014, 04:18:13 PM
Shouldn't be surprising, but Coinbase is involved with browser fingerprinting.

https://www.cosic.esat.kuleuven.be/fpdetective/

And they don't even respect Do Not Track.
hero member
Activity: 496
Merit: 500
Spanish Bitcoin trader
July 21, 2014, 04:01:47 PM
Spain says to charge tax of 0.03 percent on bank deposits

I already explained how irrelevant that news is, unless now you are reporting on every <0.1%GDP tax hike in every OECD country. This has nothing to do with the 20% Cyprus levy or anything like that.
legendary
Activity: 1764
Merit: 1002
July 21, 2014, 03:33:07 PM

hey cypherdoc, I appreciate your recent posting of related news items in here.

I think it would add tremendous value if you pasted the title of the news item.


I'll try but these days I'm working more and more off my android and the copy paste function is still cumbersome & buggy.
sr. member
Activity: 333
Merit: 250
Commander of the Hodl Legions
July 21, 2014, 03:07:42 PM
hey cypherdoc, I appreciate your recent posting of related news items in here.

I think it would add tremendous value if you pasted the title of the news item.


+1
donator
Activity: 2772
Merit: 1019
July 21, 2014, 02:59:41 PM

hey cypherdoc, I appreciate your recent posting of related news items in here.

I think it would add tremendous value if you pasted the title of the news item.
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