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Showing 20 of 49 results by ParsnipCommander
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Topic
Board Bitcoin Discussion
Re: Why I Backed a Bitcoin Start-up
by
ParsnipCommander
on 20/08/2014, 08:40:33 UTC
The author has a direct ownership in the companies listed.  Forbes may see that as a conflict of interest (and honestly it is).

Link is dead Sad
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Topic
Board Announcements (Altcoins)
Re: [ANN] [VIA] ★ Viacoin ★ ~ the future of digital currency ~ ★
by
ParsnipCommander
on 20/08/2014, 00:12:26 UTC
Might be a good time to remind people that Bitcoin superdev Peter Todd is working on this coin!
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Topic
Board Announcements (Altcoins)
Re: [ANN] [VIA] ★ Viacoin ★ ~ the future of digital currency ~ ★
by
ParsnipCommander
on 18/08/2014, 00:44:08 UTC
bullish on via the closer to we are to ether release

Can you fill me in on the Ether connection?
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Topic
Board Announcements (Altcoins)
Re: [XDN] duckNote [ANN]. CryptoNote based. Anonymous and CPU only.
by
ParsnipCommander
on 17/08/2014, 06:38:08 UTC
I like how this coin is aiming to be the "DOGE" of Crypto-note.

Great idea, I just bought my first coins  Grin

Being "DOGE" of CryptoNote is only a small part of duckNote`s destiny.

Oh I know. It's just appealing to me and makes sense to have a "tipping" currency in the CN family Smiley

Wow this is what I was thinking today... lol Ducknote is pretty awesome. Can anyone explain how it will maintain its CPU only status?
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Topic
Board Bitcoin Discussion
Re: Good news for the Bitcoin
by
ParsnipCommander
on 16/08/2014, 01:10:01 UTC
also remember this stellar coin that is coming out which is i beleive endorsed by makers of paypal?


Stellar already come and had it's peak. It was pure pump and dump thing like lot of altcoins which come up. And where did you read that Stellar was project of Paypal owners? I'd like to see more about that.

He's talking about how Keith Rabois is on the board of Stellar. But he's also a huge Bitcoin fan as well. Stellar will help transition people to crypto like Bitcoin, so it's not bad at all.
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Topic
Board Press
Re: [2014-08-01] New Bitcoin challenger launches
by
ParsnipCommander
on 01/08/2014, 07:40:43 UTC
http://fortune.com/2014/07/31/stripe-launches-bitcoin-challenger-gives-it-away-for-free/

The San Francisco-based startup, whose technology lets businesses accept online payments, helped introduce a new Bitcoin-like currency on Thursday called “stellar,” as well as a payments network that lets users send any kind of traditional and digital currency including U.S. dollars, pesos, euros and Bitcoins. People will be able to send one kind of currency across the globe and have it automatically converted into another — a sort of all-inclusive online money exchange.

WTF? This is a stupid article.

They never said it was a bitcoin challenger... it uses bitcoin.
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Topic
Board Service Announcements
Re: HashPlex: Hosting designed from the ground up for miners
by
ParsnipCommander
on 24/05/2014, 17:31:59 UTC
Very cool Smiley
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Topic
Board Bitcoin Discussion
Re: Gartman: I'm avoiding Bitcoin like the plague.
by
ParsnipCommander
on 21/05/2014, 23:43:57 UTC
Wait... isn't he right?

The plague spread through Europe at a rapid rate... bitcoin will spread through the world at a super rapid rate... except instead of being a dangerous virus - it's something good for mankind.

The weirdest complement?
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Topic
Board Bitcoin Discussion
Re: Is the Bitcoin Foundation behind the disappearance of Satoshi Nakamoto?
by
ParsnipCommander
on 17/05/2014, 16:00:12 UTC
The reason was on his personal website (taken down recently).

It would sound funny if his wife michel had a last name Bell... Michel Bell - rhymes. So he used his wife's last name.
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Topic
Board Beginners & Help
Re: solo 401k vs self directed IRA for investing in bitcoins
by
ParsnipCommander
on 15/05/2014, 18:52:58 UTC
Just to follow up, today I made my first solo 401K purchase of bitcoins. The 401k plan I chose doesn't require a trustee to manage the bank account - I am the trustee. Many plans require you to use a trustee and they are quite limiting. This will be interesting.

Can you elaborate on what you did? how has it worked out so far?
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Topic
Board Altcoin Discussion
Re: MaidSafe - is it just me or is this the worst name ever?
by
ParsnipCommander
on 13/05/2014, 03:44:16 UTC
Was just thinking this today. When I first heard of people being excited about MaidSafeCoin i'm like... W.... T... F... Maid Safe?Huh
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Topic
Board Bitcoin Discussion
Re: Buffets right hand man calls Bitcoin rat poison
by
ParsnipCommander
on 08/05/2014, 03:12:53 UTC
Quite irrelevant as he admitted he didn't understand it in the video and simply dismissed it as 'flaky'
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Topic
Board Bitcoin Discussion
Re: Is Bitcoin just a stepping stone to something better?
by
ParsnipCommander
on 07/05/2014, 05:27:28 UTC
I have a hard time understanding how Bitcoin could be taken over very easily. Basically, we have programmers working on the code, and a huge active community of supports, long term holders, and miners. If there is some kind of threat - you'd think everyone would join together and support a fork or layer of innovation over bitcoin?

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Topic
Board Bitcoin Discussion
Re: Is Bitcoin just a stepping stone to something better?
by
ParsnipCommander
on 06/05/2014, 18:53:29 UTC
How is it possible that Bitcoin is a stepping stone, when the code is open source and can change? It's not stuck and frozen in time, it can evolve, right?

wrong... the bitcoin core devs have stated many times they wont change anything unless 100% necessary! so yes bitcoin will stay the way it is unless something comes along and threatens the protocol and demands a change to the protocol!

I noticed from this talk (https://www.youtube.com/watch?v=kIy2Fw9xjuk#t=819) Andreas says basically to paraphrase 'Once Bitcoin goes mainstream … it won't be able to change in 10 years' ... starting at around 21 minutes in the talk

However, he says after implementation of anonymous transactions in the core protocol - all other innovation and code should be added to layers above the core protocol
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Topic
Board Bitcoin Discussion
Re: Is Bitcoin just a stepping stone to something better?
by
ParsnipCommander
on 06/05/2014, 06:02:23 UTC
How is it possible that Bitcoin is a stepping stone, when the code is open source and can change? It's not stuck and frozen in time, it can evolve, right?

Bitcoin has a huge advantage, but it is possible for something better to come along.
Also, if the Bitcoin Foundation continues to anger enough people, then our movement could (possibly) have an epic split into two or more projects.

So you've basically outlined at least one of the projects that major antagonists to Bitcoin would pursue - divide and conquer. Some kind of agent provocateur that discredits the foundation or a few.
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Topic
Board Bitcoin Discussion
Re: Is Bitcoin just a stepping stone to something better?
by
ParsnipCommander
on 06/05/2014, 01:19:32 UTC
How is it possible that Bitcoin is a stepping stone, when the code is open source and can change? It's not stuck and frozen in time, it can evolve, right?
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin and Islamic Finance
by
ParsnipCommander
on 03/05/2014, 16:55:18 UTC
**Clip from Conclusion**

"There is a significant probability (higher than 99% I would guess) that Bitcoin as it is in
existence now will disappear from the scene and that some investors will be disappointed. It
is mainly the efforts in mining by those who have accumulated BTC stock without selling in
between who may loose real money when that happens. The current rate of BTC (around 425
USD while sliding downwards at the time of writing) takes such risks into account. That rate
may perhaps be considered a market estimate of exactly that risk."
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Topic
Board Beginners & Help
Re: Will confirmations be faster, the more people become part of the network?
by
ParsnipCommander
on 03/05/2014, 13:56:25 UTC
Yes, the limit is 7 tps now.
But, the current situation is, we are not even close to that.
You can find that the average block size now is still lower than 300 KB on https://blockr.io/charts while the limit is 1 MB.

Very nice site. Its nice to see the total transactions increasing in the past year Smiley
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Board Beginners & Help
Re: Will confirmations be faster, the more people become part of the network?
by
ParsnipCommander
on 03/05/2014, 13:09:19 UTC


WHAT!!!!!!???
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Board Beginners & Help
Topic OP
Will confirmations be faster, the more people become part of the network?
by
ParsnipCommander
on 03/05/2014, 10:35:26 UTC
almost getting there.  Shocked