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Showing 20 of 20 results by bigwig456
Post
Topic
Board Economics
Re: bitcoin and money laundering
by
bigwig456
on 22/07/2014, 15:08:05 UTC
I'm going to go ahead and get my book written so you guys and dolls can learn how to get around all thiese silly-assed "regulations".

Please do so.

I will.

I'm working on it.

I really would like to know how to get around the government with my bitcoins.

@OROBTC,

You said "there are several companies that advertise on the Internet that they will take your Bitcoin for gold.

Gold is the ONLY thing I have spent BTC on..."

Would you provide me with links to the companies online that take btc for gold, especially the ones you have dealt with? Many thanks to you.
Post
Topic
Board Economics
Re: question: how can i grow my bitcoins
by
bigwig456
on 22/07/2014, 14:44:28 UTC
I think we all want to grow our bitcoins. You just have to find your tolerance for risk since there's no profit without taking risks. Question is how much risk for how much profit?
Post
Topic
Board Economics
Re: Bitcoin is a stock
by
bigwig456
on 22/07/2014, 14:22:01 UTC
I rarely post, I am mostly a lurker, but I have to disagree here. Bitcoin is not a stock. It sometimes behaves like it but it also acts like commodity and currency. It's everything rolled into one. It's the answer to the century old question of Capital and the means of production.
Post
Topic
Board Bitcoin Discussion
Re: Poll: Bitcoin Demographics Highest Education Level
by
bigwig456
on 22/07/2014, 01:18:10 UTC
I would answer 'High School' but I can't figure out how to vote in the poll.
I'll let the reader decide whether I'm joking or not.

you can't vote, you need more activity points.

Newbies can't vote.

I'm one of the newbies but I just voted. Huh
Post
Topic
Board Economics
Re: If you had to choose one fiat currency to keep your money in...
by
bigwig456
on 22/07/2014, 01:16:22 UTC
CHF or GBP for me.
Post
Topic
Board Economics
Re: Can bitcoin survive without the Internet?
by
bigwig456
on 22/07/2014, 01:13:07 UTC
What about directly communicating from cell phone to cell phone? transmitting bitcoins that way.

Cell phone to cell phone communication relied on internet infrastructure.


I don't think cell phone to cell phone communication relies on internet infrastructure. Some portion of the communication may depend on some form of network but the underlying protocols are dissimilar.
Post
Topic
Board Speculation
Re: Is Amazon getting into Bitcoin?
by
bigwig456
on 01/07/2014, 07:38:37 UTC
Yes, I was being sarcastic. I will be more clearer next time.
Post
Topic
Board Speculation
Re: Is Amazon getting into Bitcoin?
by
bigwig456
on 30/06/2014, 22:16:36 UTC
I have a friend whose cousin's roommate's friend works at Google. He told me last week that Google is working on integrating bitcoins into their eco-system.
Post
Topic
Board Hardware
Re: ANN: BITMAIN has Tested Its 28nm Bitcoin Mining Chip BM1382
by
bigwig456
on 30/06/2014, 05:49:20 UTC
Bitmaintech website only has S2 under products. They must be updating their website RIGHT NOW! The suspense is almost killing you.
Post
Topic
Board Group buys
Re: [INTEREST] CoiningSolutions.com Bitmain AntMiner S3 List
by
bigwig456
on 30/06/2014, 02:40:28 UTC
Thanks everyone, I guess it's totally ok to change your terms in the middle of a groupbuy. I never knew it was ok anywhere else before. Thanks for straightening me out!!!
Post
Topic
Board Group buys
Re: [INTEREST] CoiningSolutions.com Bitmain AntMiner S3 List
by
bigwig456
on 27/06/2014, 13:22:29 UTC
waldo,

I may be interested in getting one S3 hosted.

I have read some of the group buys you have organized and have some concerns: such as,

You have changed terms AFTER miners have arrived and you started hosting, like increasing the management fees, sometimes doubling the fees. Can you give us assurances that you will not change the terms set forth at the start of the groupbuy?

I have another concern that I'd like to address after my question above has been answered.

Sincerely,

please show a link if you are correct.  

https://bitcointalk.org/index.php?topic=230391.520

Look at post #524.

Waldo has pulled the same trick on other groupbuys as well, advertizing low fee and then switching to higher fees AFTER miners have arrived.

If you don't believe me, please do a search yourself, I am a niewbie and yet I can come up with proof to back up my claims. You are a hero member, philipma!
Post
Topic
Board Group buys
Re: [INTEREST] CoiningSolutions.com Bitmain AntMiner S3 List
by
bigwig456
on 25/06/2014, 17:23:58 UTC
waldo,

I may be interested in getting one S3 hosted.

I have read some of the group buys you have organized and have some concerns: such as,

You have changed terms AFTER miners have arrived and you started hosting, like increasing the management fees, sometimes doubling the fees. Can you give us assurances that you will not change the terms set forth at the start of the groupbuy?

I have another concern that I'd like to address after my question above has been answered.

Sincerely,
Post
Topic
Board Hardware
Re: ANN: BITMAIN has Tested Its 28nm Bitcoin Mining Chip BM1382
by
bigwig456
on 20/06/2014, 04:20:10 UTC
I don't understand all the love you guys show for Bitmain. Yes, they have delivered. No, their price has been reasonable, but not good for us miners. Most likely, they are going to price S3 at over 1 BTC, I'd say around 1.6 BTC or so. Why would they undercut their S2 models by selling S3 at 1 BTC or lower? It makes no sense. Don't be a fanboi.
Post
Topic
Board Group buys
Re: [Open] Small Antminer Farm Shares - 1 Share = 0.275 BTC = 100 GHs, 9 of 11 Avail
by
bigwig456
on 17/06/2014, 21:25:38 UTC
Thanks, James!

Your group buy is the most cost effective one at this time. I wish I can buy more shares, maybe soon. Thanks again.
Post
Topic
Board Group buys
Re: [Open] Small Antminer Farm Shares - 1 Share = 0.275 BTC = 100 GHs
by
bigwig456
on 13/06/2014, 19:21:57 UTC
Okay, please reserve 1 share for me as I am gathering my btc. Thank you very much.
Post
Topic
Board Group buys
Re: [Open] Small Antminer Farm Shares - 1 Share = 0.275 BTC = 100 GHs
by
bigwig456
on 13/06/2014, 19:13:58 UTC
I'd like 1 share please. How to send payment? Thanks.
Post
Topic
Board Speculation
Re: When will BTC reach $50,000?
by
bigwig456
on 09/06/2014, 21:12:55 UTC
I just bought 10 Bitcoins, kicking myself for not buying sooner...
Post
Topic
Board Speculation
Re: Ghash.io reaching up to 47% hashrate (now down). Can it reach 51%?
by
bigwig456
on 08/06/2014, 17:09:22 UTC
Until 2-3 days ago, the total hashrate went up to 98-99 Peta Hash. Since then, it has calmed down to 86-87 PHs. Cex/ghash responded by ramping up to 41-42 PHs and is currently sitting at 39 PHs. It's a little bit disconcerting because they had been hashing at around 35% for a long time and to see them ramp up to 45% of the total will cause many miners to move to other pools like bitcguild and eligius.

Cex/Ghash had promised that they would never go to 51%; however, they have not kept other promises, such as allowing cloud miners to mine at other than ghash.io pool.

As others have said above, it boggles my mind why anyone would buy GHs at cex, it's overpriced and you are charged outrageous fees and you are giving your hard earned money to crooks, swindlers and inside manipulators at cex. There must be lots of feeble minded people around the world.
Post
Topic
Board Speculation
Re: It's Clear That The Future Of Bitcoin Is Not In The US
by
bigwig456
on 07/06/2014, 17:26:35 UTC
Does anyone seriously think bitcoin will continue to rise dramatically IF the US banns btc?

http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm

Why would they ban something they made?  Cheesy

They are even quoting a certain Mr. Okamoto in this paper.

It was a rhetorical question. The original poster's assumption is that bitcoin will succeed without the US in the future. I'm just saying that without the US, bitcoin's future is murky at best and busted at worst. I'm not the original poster and I don't assume that the US will bann bitcoin at all. I'm just questioning the original poster's assumption. China tries to bann bitcoins every month or so and has succesffully trolled the bitcoin community and negatively affect the price. If the US tries the same trick, it will have a bigger effect, much bigger.

At this stage, the future of bitcoin lies with the US. As far as the real world is concerned, there are two money capitals in the world, New York and London. Not Beijing, not Shanghai.

Can you deny that bitcoin and fiat are intimately tied together at this point in time?

I am a realist and I live in the real world.
Post
Topic
Board Speculation
Re: It's Clear That The Future Of Bitcoin Is Not In The US
by
bigwig456
on 07/06/2014, 14:16:06 UTC
Does anyone seriously think bitcoin will continue to rise dramatically IF the US banns btc?