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Showing 20 of 33 results by 4by2
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Topic
Board Economics
Re: Is limited supply of bitcoin a hinderence?
by
4by2
on 21/03/2016, 05:31:38 UTC
Only issue is more zeros after the decimal as it either becomes expensive or spread thinner. Guess the latter would also stimulate increase in price.

If you need to buy a magazine for .00000234 it could become a issue of the people adding or subtracting a zero to rip off or by mistake.
Recall preauthorizing credit cards so people could rent game consules at blockbuster back in the day.
Once locked a lady up for 1k instead of the normal 100. The zeros will be a hinder, hopefully we create a workaround for that if the time comes.
I think it would be easier for people to just have 10^-(x) satoshi or whatever payment form, that way it would be harder to miss a zero or add one and everyone can get their payments performed smoothly.
Post
Topic
Board Services
Re: ★☆★ 777Coin Signature Campaign ★☆★ Earn up to .0007/Post (Newb-Hero Welcome)
by
4by2
on 21/03/2016, 05:29:38 UTC
Hello, I have seen some of the people dropping out of the campaign recently and I was curious if I would be able to enroll in the program.

Basic info;

Name: 4by2
Activity: 30
Posts: 32 (including this one)
Address: 18V7kpbqSRkMPy68Re3Y8usJ1yxHDcugFp

I hope I can get accepted!


Ignore my post, I am no longer interested in joining the campaign.
Post
Topic
Board Bitcoin Discussion
Re: P2P Cash or Settlement Layer?
by
4by2
on 21/03/2016, 05:19:38 UTC
http://arstechnica.com/information-technology/2016/02/moores-law-really-is-dead-this-time/

Moore's Law is dead and has been so for some time already (so anyone using that as a basis for anything to do with science must be clearly hoping for miracles).

Perhaps Santa Klaus will also be a key factor in the future?

I agree that it is dead, but I kind of wish we were still in a golden age of computing, per say. I personally believe that it is slightly under doubling, but it is nowhere near stagnant yet.

Am I just being too hopeful?
Post
Topic
Board Economics
Re: Is limited supply of bitcoin a hinderence?
by
4by2
on 21/03/2016, 05:10:48 UTC
No way that the capacity limit is a hindrance to Bitcoin, if you want to see what happens to other high-cap or infinitely-capped cryptos, go look at the multitude of failed cryptos that would retain next to no value. This is why the 21m cap is a benefit.
I believe you're specifically referring to something like Dogecoin, right?

Well, you can look at the price of it now. It's like $0.25 per 1,000 Dogecoin at this point. Has it been going lower?
Post
Topic
Board Bitcoin Discussion
Re: Use Bitcoin as payment rail to invest in Chinese P2P lending
by
4by2
on 18/03/2016, 04:30:47 UTC
I think that the concept is good, but I'm not sure how many people would aim to make use of this opportunity.

I have a feeling that some people are actively interested right now. This probably helped them quite a bit.
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Topic
Board Bitcoin Discussion
Re: Bitcoin vs Dollar
by
4by2
on 18/03/2016, 04:23:38 UTC
I would choose bitcoin. Because it is easier to get than $
It all depends on the method you use, but I would think that yes, it is possible to make more Bitcoin in an easy way than it is to make dollars. Relative to the amount of work you put in, signature campaigns are massive money makers.
Post
Topic
Board Bitcoin Discussion
Re: Just invested 300 BTC and 10M NXT in Cell411
by
4by2
on 18/03/2016, 04:14:35 UTC
In an anarchic society, something like this would work. I just personally believe that this is going to have a... "unique" time with all the various things that will happen or I predict will happen thanks to the use of this app.

I hate to say it, but I'm not sure how well this would work. It certainly would help get people less dependent on the government, but this could end up backfiring.

And 300BTC is a massive investment...
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Topic
Board Bitcoin Discussion
Re: Retail Giant Overstock to Issue its Own Stock on Blockchain Platform
by
4by2
on 16/03/2016, 23:51:53 UTC
Just to clarify, you mean they're issuing company stock on a blockchain platform?  Like shares in the company?  I don't know how that works but if this is the case then I'm all ears.  I'd love it if stock markets were open 24 hours/day but I'm sure it doesn't exactly mean that. 
Based on what I can see in this, they're only using the blockchain technology with their trading.

It'll be like saying "X bought 5 shares" and anyone can see it, exactly like the bitcoin network. If I am correct, that is.
That's what I understand from this article, but I could be wrong. It seems like they're using a different blockchain, though, and it isn't being paired against the actual Bitcoin blockchain.

It would have been cool if it was Cheesy
Post
Topic
Board Wallet software
Re: A Bitcoin desktop wallet without downloading the entire blockchain?
by
4by2
on 16/03/2016, 23:42:17 UTC
Personally I prefer MultiBit although Electrum is very good too (matter of taste).

If you don't have a good Internet connection (like me) or don't have much patience you can use them.

Right Multibit have many good feature, but blockchain wallet desktop (or i can called spv wallet)  also good too and can use easily.
I personally prefer multibit because of it's ease of use and the ability to send transactions without having to download anything, but I wish it did have some more security behind it.
Post
Topic
Board Wallet software
Re: A Bitcoin desktop wallet without downloading the entire blockchain?
by
4by2
on 14/03/2016, 00:00:45 UTC
If I remember Electrum was the best lightweight and secure wallet, while Multibit was the best wallet that you would be able to quickly send and receive Bitcoin with.

If I remember correctly, didn't the Electrum devs stop working on their wallet a while ago?
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin without Altcoin ?
by
4by2
on 13/03/2016, 23:44:13 UTC
Altcoins are just distractions from Bitcoin. They usually have no real value except as a mining pump and dump profit. What was the last time anyone had a serious thought about Dogecoins being a world-wide accepted currency?
Well there was that one time they sponsored a nascar driver, but I have a feeling they never really expected it to go anywhere.

I think the "doge" memes died pretty quickly, and dogecoin died along with it.
Post
Topic
Board Altcoin Discussion
Re: Save Bitcoin: Ditch Blockstream and switch to Classic
by
4by2
on 13/03/2016, 22:34:44 UTC
Truthfully I don't care which chain everyone decides to follow, as long as there is a consensus and the community doesn't get massively divided over this.
Post
Topic
Board Speculation
Re: Can bitcoin rise up to 800$ this year ?
by
4by2
on 13/03/2016, 18:34:43 UTC
Bitcoin will continue increasing. This increase in price will lead to a price of $500 to $600 after halving. If a stable growth is experienced after halving $800 will be reached in a year's time.

I know the price of bitcoin will go up. And yes a figure around the 600 mark is very realistic if you aim for the end of this year.
But 800 is just too much. It would have mean that the price will double in 9 months. And no i don't see this happening.
In a way it isn't totally unrealistic to see a double of the price after a halving event, but I would say that it is very unlikely for such a thing to occur.

There hasn't been a halving on this scale before, however, with such a massive market cap. For all we know anything can happen.
Post
Topic
Board Economics
Re: The future of the paper money
by
4by2
on 13/03/2016, 18:24:55 UTC
Paper money is more durable than electronic money. Obviously, you cannot accept electronic money any place that is not specifically set up to take it, or when power or internet is out. I'm not sure you'll ever eliminate physical currency for that reason.

I agree with you, especially in my country there are many place that hard to get internet. So paper money very usefull on that place. I think paper money will permanent in some place.
agree. this time not all the places in the world connected to the internet. so digital era can not be implemented at this time of paper money will always be valuable.

Yes just think of poor countries where there is no access to internet and mainly people are paid on daily wages in fiat, so they will only use fiat as they don't have any other option for their spendings.

Agreed, the future of paper money is safe as I don't think that bitcoin can have an impact on it as people will use only those currency that they are comfortable and they will continue to use which is easy for them.
Fiat will always have it's place for the exact reason you detail, people are comfortable with the current system and don't have any intent on changing something that already works well, in their eyes.
Post
Topic
Board Off-topic
Re: What is your plan to get rich with Bitcoin?
by
4by2
on 12/03/2016, 21:31:40 UTC
jjust keep on gambling and gambling....use stratagies....and the luck is the main factor!!....you do all this i am sure you will be rich:D:D:D
lol if you have a proven strategy to win and profit. I'll buy that strategy. but no one who has it. so I think any strategy will be useless. what you need is just a fluke.
I've never seen anyone get rich from gambling with bitcoin?

You probably need skills and extremely excellent skills though.There have been many hardcore winners on dice sites and handful people winning tons due to bugs,it might be profitable if you plan it properly but there are a lot people who plan to become rich doing it.Thanks to Stunna Smiley
There are only few who are born lucky and have more percentage of winning but it doesn't goes same with all as majority of us would end up loosing, so its better not to depend on gambling to get rich.
Statistically speaking, the largest majority of us would lose in these games and a very small amount of people would actually end up making any money off gambling.

It is very possible that you could earn money, but chances are you will lose.
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Topic
Board Bitcoin Discussion
Re: 15btc transaction fee, big mistake
by
4by2
on 12/03/2016, 19:45:13 UTC
That made someone's day! Almost as good as finding a block Wink
yeah i think they will be very hapy with that fee Cheesy
Whoever mined that block is likely going to be very, very happy with their luck and enjoy a nice, what would that be, ~60% bonus?

That or some mining-pool owner just got himself a nice amount to spend.
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Topic
Board Bitcoin Discussion
Re: What "facts" you heard about Bitcoin is not true?
by
4by2
on 12/03/2016, 19:38:45 UTC
I heard that banks and the government will start supporting bitcoins which is simply impossible as banks view bitcoin as their competitor and they will never support bitcoins for sure as bitcoin is a major threat to the banking system.
Well this is obvious, there is no way that banks would ever get behind Bitcoin as an entity, but they might get behind the technology of the blockchain, as we have been seeing recently.
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Topic
Board Bitcoin Discussion
Re: A 7-Yr Prison Term for Bitcoin Use, Says Russian Finance Ministry
by
4by2
on 12/03/2016, 19:28:41 UTC
if they really want to ban bitcoin, it shows how scared and weak they are and how real and strong Bitcoin is.

Not just that, but this is the limit of how far they can go stopping people to use such a thing which they can't have their hands-on...
This is freaking crazy how people are stopping people to use people's money... Tongue
I'm curious if this is actually a surprise for you, it seems like something that would be normal in a typical society.

Russia has been dabbling with bitcoin for a while, but keep in mind this is only the finance minister, and such a comment is expected of him.
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Topic
Board Bitcoin Discussion
Re: Butterfly labs
by
4by2
on 18/01/2016, 05:17:27 UTC
Been about 12months since I last heard anything about the BFL fall out. Given Cryptsy's recent debarcle, anyone know what happened to Josh and crew in the end?

josh is now a skydiving instructor..

also part of the lifeboat foundation

so no jail time and he kept the BTC they swindled?
Well, considering that Bitcoin technically has no regulations, there isn't technically a whole lot that can be done. I could be very easily messing this up, but I would think there is no way for anyone to really be charged for anything.
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Topic
Board Beginners & Help
Re: How do I earn interest on BTC?
by
4by2
on 14/01/2016, 05:48:17 UTC
You can earn interest on BTC by investing it (Which is not necessarily accomplished by just investing it, the asset also has to perform) on any reputable platform you can find, or through holding it somewhere that offers interest like poloniex or other services.

Alternatively, if you feel like loaning it is a better way to do it, sites like BTCJam seem reputable right now, so you can look at those and aim to loan our some of your Bitcoin.

Make sure to do your own research, though. I am not telling you what to do, just giving you ideas.