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BestTranceMusic.com - For All You Electronic Music Fans - Donate If You Like
Hi All,
A friend of mine Lee Tamus, knows that I am into Bitcoins and crypto currencies and ask for me to place a "Donate: BTC and LTC address " at the bottom of the his website http://BestTranceMusic.com that has his electronic music mixes.
Anyway, I am plugging his site on this forum. So, if you enjoy electronic music and like the music on the site, donate some microBTC and LTC to help keep http://BestTranceMusic.com alive.
Donate, however much you like $0.50 USD, $0.25 USD or a dime , don't matter it is all up to you. He is looking for support from the Bitcoin and cryptocoin community.
It's Saturday, party night head on over to BestTranceMusic.com now!
A friend of mine Lee Tamus, knows that I am into Bitcoins and crypto currencies and ask for me to place a "Donate: BTC and LTC address " at the bottom of the his website http://BestTranceMusic.com that has his electronic music mixes.
Anyway, I am plugging his site on this forum. So, if you enjoy electronic music and like the music on the site, donate some microBTC and LTC to help keep http://BestTranceMusic.com alive.
Donate, however much you like $0.50 USD, $0.25 USD or a dime , don't matter it is all up to you. He is looking for support from the Bitcoin and cryptocoin community.
It's Saturday, party night head on over to BestTranceMusic.com now!
Re: Bitcoin will start to fall once world resources fall short
The simple fact is, we have too many people STOP POPPING OUT KIDS YOU CAN'T TAKE CARE OF.
I think this we can all agree on. People shouldn't have children they cannot support.
+1
Re: Why I don't listen to Paul Krugman, or anyone that says the Internet is a Bubble
Today, December 28 Paul Krugman posts an article stating how he doesn't believe in Bitcoin and is probably nothing but a Bubble:
http://krugman.blogs.nytimes.com/2013/12/28/bitcoin-is-evil/?smid=tw-NytimesKrugman&seid=auto&_r=0
In another comment from Reddit, they show another article that shows his prediction of the Internet is nothing more than a bubble and will be no more popular than a fax machine:
http://marginalrevolution.com/marginalrevolution/2010/12/paul-krugmans-predictions.html
If too lazy to click on the links, here is what Paul predicted on the internet:
* Productivity will drop sharply this year. Nineteen ninety-seven, which was a very good year for worker productivity, has led many pundits to conclude that the great technology-led boom has begun. They are wrong. Last year will prove to have been a blip, just like 1992.
* Inflation will be back. Wages are rising at almost 5 percent annually, and the underlying growth of productivity is probably only 1.5 percent or less. Sooner or later, companies will have to start raising prices. In 1999 inflation will probably be more than 3 percent; with only moderate bad lucksay, a drop in the dollarit could easily top 4 percent. Sell bonds!
* Within two or three years, the current mood of American triumphalismour belief that we have pulled economically and technologically ahead of the rest of the worldwill evaporate. All it will take is a few technological setbacks or a mild recession here while Europe or Japan recovers a bit.
* The growth of the Internet will slow drastically, as the flaw in "Metcalfe's law"which states that the number of potential connections in a network is proportional to the square of the number of participantsbecomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's.
* As the rate of technological change in computing slows, the number of jobs for IT specialists will decelerate, then actually turn down; ten years from now, the phrase information economy will sound silly.
* Sometime in the next 20 years, maybe sooner, there will be another '70s-style raw-material crunch: a disruption of oil supplies, a sharp run-up in agricultural prices, or both. And suddenly people will remember that we are still living in the material world and that natural resources matter.
Because of this, I will probably go all in on Bitcoin. I will do the opposite of what the media and pros say.
By doing this, I have netted unimaginable returns so far whether be it Stocks or Bitcoin. The media and other "professionals" told me to stay away from Bitcoin, guess what I invested a bunch in April of 2013 when it crashed at 60 and didn't sell. I'm probably gonna invest more since 2014 seems more promising then the news we had in 2013.
http://krugman.blogs.nytimes.com/2013/12/28/bitcoin-is-evil/?smid=tw-NytimesKrugman&seid=auto&_r=0
In another comment from Reddit, they show another article that shows his prediction of the Internet is nothing more than a bubble and will be no more popular than a fax machine:
http://marginalrevolution.com/marginalrevolution/2010/12/paul-krugmans-predictions.html
If too lazy to click on the links, here is what Paul predicted on the internet:
* Productivity will drop sharply this year. Nineteen ninety-seven, which was a very good year for worker productivity, has led many pundits to conclude that the great technology-led boom has begun. They are wrong. Last year will prove to have been a blip, just like 1992.
* Inflation will be back. Wages are rising at almost 5 percent annually, and the underlying growth of productivity is probably only 1.5 percent or less. Sooner or later, companies will have to start raising prices. In 1999 inflation will probably be more than 3 percent; with only moderate bad lucksay, a drop in the dollarit could easily top 4 percent. Sell bonds!
* Within two or three years, the current mood of American triumphalismour belief that we have pulled economically and technologically ahead of the rest of the worldwill evaporate. All it will take is a few technological setbacks or a mild recession here while Europe or Japan recovers a bit.
* The growth of the Internet will slow drastically, as the flaw in "Metcalfe's law"which states that the number of potential connections in a network is proportional to the square of the number of participantsbecomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's.
* As the rate of technological change in computing slows, the number of jobs for IT specialists will decelerate, then actually turn down; ten years from now, the phrase information economy will sound silly.
* Sometime in the next 20 years, maybe sooner, there will be another '70s-style raw-material crunch: a disruption of oil supplies, a sharp run-up in agricultural prices, or both. And suddenly people will remember that we are still living in the material world and that natural resources matter.
Because of this, I will probably go all in on Bitcoin. I will do the opposite of what the media and pros say.
By doing this, I have netted unimaginable returns so far whether be it Stocks or Bitcoin. The media and other "professionals" told me to stay away from Bitcoin, guess what I invested a bunch in April of 2013 when it crashed at 60 and didn't sell. I'm probably gonna invest more since 2014 seems more promising then the news we had in 2013.
Paul Krugman is a "full on retard".
He is nothing but a mouthpiece for Wall Street and the Federal Reserve. The crap he says and writes about don't make sense...he is a clueless pundit put into a "expert podium" to fool the masses and sway how people think.
Paul Krugman knows crap about crap, and he projects himself as "Oh, I am a super smart academic"...Dumbass.
Watch the financial media long enough, you know who is telling the "truth" and who is blowing smoke and hiding facts or telling lies. Krugman is definitely one of them, the other I despise is Jim Kramer....what a loser.
Re: I predict BTC/USD will fall to $2 by December 31, 2013
Put a bet up or shutup, if you're correct you have nothing to fear and bitcoins to gain.
If you're wrong then you get to feel the pain of making a stupid guess and wasting our time.
If you're wrong then you get to feel the pain of making a stupid guess and wasting our time.
+1 Agreed.
People make price predictions like they have some magic crystal ball, when they have no fudging ideal what they are talking about, and the factors they use, and here say guesses mean jack.
I've been watching markets over the last decade and this reminds me a lot, like all these pundits predicting stock price, and stock market directions. They are mostly just spreading FUD (Fear uncertainty and doubt) and don't have a true basis for their predictions. Maybe, he/she needs the price to go down so he/she can buy some.
Well, it's December 28. Three days left to go and BTC price is $708, let us see if the guy who started this " (I predict BTC/USD will fall to $2 by December 31, 2013 )" thread is correct, or he/she is just another dumb "as%" who likes to make clueless predictions with hard dates.
Re: Once China fully realizes it has been betrayed...
What is interesting about china is that every body complains about them. They rob our jobs etc.
Actually people do not understand economics very well and do not understand that china has propped our economy up so much with cheap goods and buying our debt. In a way they are just handing us free stuff. It is like if we had a robots here building the stuff for free.
China keeps getting burned though.
But you have to also understand they also stole all our ideas on how to build all these goods and build their economy. If it was not for our technological advancements they would probably be nothing. So they gained and we also gained.
So you can look at this both ways.
Actually people do not understand economics very well and do not understand that china has propped our economy up so much with cheap goods and buying our debt. In a way they are just handing us free stuff. It is like if we had a robots here building the stuff for free.
China keeps getting burned though.
But you have to also understand they also stole all our ideas on how to build all these goods and build their economy. If it was not for our technological advancements they would probably be nothing. So they gained and we also gained.
So you can look at this both ways.
+1 Agreed.
I like to add though, that in the past 5 years the U.S Federal reserve has been printing Trillions of U.S dollars. The chart for the money printing now looks like a hockey stick.
So in the last 5 years, China has gotten really screwed by the U.S.A.
China owns over 1 Trillion dollars of U.S Treasuries, and as the bankrupt U.S government prints more money, it puts itself further into debt heading toward default and eventually will not even be able to pay interest to investors/holders of U.S bonds/treasuries like China, Japan and Germany (3 largest holders of U.S debt). So you see, it's not just China that is going to be screwed.
Think about it, if you bought bonds from a bank and the bank defaults and you lose your interest and principle (all your money) investment. Are you going to be happy?
That is why the world is the way it is today, because the U.S government spent tomorrows money today, and it got worst from president to president, they just wracked up the credit card with no intention to pay back. This will eventually lead to "WAR". Why do you think the U.S is in middle east, why do you think tensions are rising between Japan and China. A war is being instigated, trying to coax China into a war.
Any, how does all this relate to Bitcoins.
Bitcoins is a store of value, similar to gold. This comparison has been made several times by finance writers.
The world's geo-political situation is getting worse, and if you can see the writing on the wall ... a United States major devaluation of the dollar or default is coming. RESET. This can lead to war and other bad economic events to happen.
In an environment like that, what are people going to do? Look towards history.
- People will use their money to buy things of value, because if the U.S dollar doesn't survive, gold and silver will and possibly Bitcoins and other crypto currencies. During a reset there is also "confiscation of GOLD".
- People might by Bitcoins because it will be harder to confiscate....who knows.
The really long term view is that if and when the SH!T hits the fan, those stores of value will go up in price significantly.
Just my 2 cents....and there is a chance I may be completely wrong.
You can learn more about the U.S economic situation by taking a course , link below:
http://www.peakprosperity.com/video/218/playlist/153/chapter-1-three-beliefs
Re: if you want btc to succeed start dumping your iDevices/Apple
apple's on a mission to ban legitimate apps that threaten it's great wall of apple.
bitcoin could make it possible that they lose their edge at milking the sheep.
http://bitcoinowl.com/why-you-cant-run-bitcoin-apps-your-iphone
if you have any respect for yourself regardless of if you like bitcoin or not it's time to dump all your iCrap and look for better options in your life.
seriously, time for apple to go the way of blackberry and wither away.
bitcoin could make it possible that they lose their edge at milking the sheep.
http://bitcoinowl.com/why-you-cant-run-bitcoin-apps-your-iphone
if you have any respect for yourself regardless of if you like bitcoin or not it's time to dump all your iCrap and look for better options in your life.
seriously, time for apple to go the way of blackberry and wither away.
+1
I've never understood why Apple fanboys and fangirls, love being denied and told what they can do and cannot do.
It's like Apple fanboys and girls love the abuse from a big corporation, they just can't get enough of the abuse and worst of all they are willing to pay a premium just to be part of the cult.
I got an iPad from my work and I hate the damn thing. No SD slot, can't do this , can't do that on it. Ooops, sorry that App is not available for iPad because the Apple god banned it. Ridiculous. And got to do everything through iTunes where they can track everything you do.
I have a personal Android tablet, that kills the iPad in everyway, in terms of freedom to install, copy and view my own media. Why be limited because a corporation wants to extract more money out of you.
It is not surprising that Apple is banning Bitcoins or alt coins from IOS apps.
People should stand for it, boycott Apple product...it's all hype.
So is this basically another crypto-currency w/ the same accounting capabilities as bitcoin, except centralized by the bank?
+1
If people are smart, they should not support such a thing.
Banks cause the 2007-2009 financial crisis.
Banks got big 800 billion plus bail out from U.S government courtesy of American Taxpayers money
Banks can't be trusted (moral hazard)
Damn, if I would let a bank manage a crypto currency.
Re: [ANN] [QRK] Quark | Super secure hashing | CPU mining
Why are people are stuck with the idea that there can only be one dominating currency? BitCoin has shown the world that there CAN be successful, competing currencies so why couldn't there be more?
There can be just as many Crypto-Currencies as there are Nations, some valuable others not so much, but furthermore I think there can be Industry Specific Coins as well for Agriculture, Automotive, Aviation and most anything else you can think of.
All (or most) NOT controlled by the International Banking Cabal. Isn't that the whole point of this exercise?
There can be just as many Crypto-Currencies as there are Nations, some valuable others not so much, but furthermore I think there can be Industry Specific Coins as well for Agriculture, Automotive, Aviation and most anything else you can think of.
All (or most) NOT controlled by the International Banking Cabal. Isn't that the whole point of this exercise?
Because people are still brainwashed with that idea of ONE reserve currency
like the usdollar.
One ring to rule them all.... etc..
People still see everything thru the dollar-glasses.
Maybe they should take of those glasses, and put on those:
https://www.youtube.com/watch?v=JI8AMRbqY6w
+1
The U.S dollar is backed by nothing, went off gold backing in the 1970's .
It is now backed by 17 Trillion dollars of DEBT. To give everyone some perspective 1 Trillion is 1000 Billion.
The U.S will never be able to pay their debt obligations to the countries they owe money. That is why the U.S will try to start a war, because the country is broke and that is the only way out.
In times of currency collapse and war, Gold , Silver and other stores of value (crypto currencies) will rise.
History is the best teacher here.
Re: Attack On Crypto Currencies – Market Manipulation By Banks/Governments
Quote
The big Banks and Governments will use fear and human psychology to scare people away from crypto currencies, they will make it so volatile that most people (non-traders) cannot handle it.
Crypto-currency has always been volatile
Good point.
I guess the human psychology of greed and fear will operate with or without HFT (high frequency trading), but manipulation might help push the fear or greed a notch further.
Crypto-currency markets though are never dull though.
Wild swings.Attack On Crypto Currencies – Market Manipulation By Banks/Governments
http://www.moneyaccumulator.com/1610/attack-on-crypto-currencies-market-manipulation-by-banksgovernments/
Comparison of what happened to the violent downward movement in price we saw over the weekend for Bitcoins and all Alt-crypto currencies.
People in the finance industrial well know, that HFT supercomputers can manipulate price with flooding buy/sell orders in split seconds. Maybe, the banks and governments have already adapted the technology to Bitcoin and Crypto coin exchanges. If they want to scare people out of crypto coins , fear is probably the best motivator.
Hmmmmmm...............
Re: [ANN] [QRK] Quark | Super secure hashing | CPU mining
Look what some dude posted on the forum :
---------------------------
http://i911.photobucket.com/albums/ac317/contextualpass/for_security_sml_zps6bcf9347.jpg
------------------------------------------
http://i911.photobucket.com/albums/ac317/contextualpass/Enjoy_Communism_sml_zps6a7ca3a6.jpg
---------------------------
http://i911.photobucket.com/albums/ac317/contextualpass/for_security_sml_zps6bcf9347.jpg
------------------------------------------
http://i911.photobucket.com/albums/ac317/contextualpass/Enjoy_Communism_sml_zps6a7ca3a6.jpg
http://www.moneyaccumulator.com/1581/quarkcoin-gives-poorer-world-citizens-to-make-money-in-crypto-currency-with-cpu-mining/
Interesting article. Not sure if this "Das Brain" finance blogger is absolutely correct, but I do agree with him about CPU mining being more equitable for lower income citizens of emerging market countries.
It's good to see that Quarkcoin is getting some attention from the finance blogosphere though...
MOD NOTE:
This is most likely a troll, don't believe otherwise till you see a message signed by an address that actually controls a large number of coins.
Good evening.
My name is Mister Babylon.
I have recently come into possession of wallets containing over 33,000 (thirty three thousand) bitcoins. These coins, the seller told me, have been stolen from an online drug marketplace. Which marketplace, I do not exactly know. Because these coins had been tainted in a such way, the customer offered me a very low price. I offered him 100% anonymity and paid him in cash.
I am revealing this to the public, because all bitcoin transactions are public and can be tracked. I exchange bitcoins regularly and in large amounts, always offering 100% anonymity and a cash transaction. I would be most sorrowful to find out, that one of my customers was accused to be a thief, because I have sold him stolen bitcoins.
To assure security of my customers, I will launder this money thoroughly and completely. This process will be conducted by exchanging the bitcoins to different altcoins and back, using a large amount of wallets and small exchange amounts. Success of this project requires steadily rising coin value, so that I do not lose money. I will target altcoins with a small market cap, to ensure I can control the coin value with my own actions during the laundering process. You will benefit from this by buying while I buy, and selling while I sell.
I plan to launder 1,000 (one thousand) bitcoins per weekend. The process will begin on 20 december 13. The first affected altcoins will be published on 19 december 13.
You should follow me on Twitter, if you want to benefit.
https://twitter.com/MisterBabylon
Best regards,
Mister Babylon
PS. People have asked about my bitcoin exchange services. If you want to exchange bitcoins, you can contact me privately at misterbabylon@hushmail.com. Minimum 100 (one hundred) bitcoins. I operate in Germany. Cash payment and 100% anonymity are enforced.
PPS. People have asked me, how they could support my actions. I refuse to take any donations in bitcoin, because that would compromise your anonymity and link your bitcoin address to my person. In case you appreciate my work, my anoncoin address is ALiRAPoDdsZAY3jzm1FEYXJvxv3cQ4TLXx
This is most likely a troll, don't believe otherwise till you see a message signed by an address that actually controls a large number of coins.
Good evening.
My name is Mister Babylon.
I have recently come into possession of wallets containing over 33,000 (thirty three thousand) bitcoins. These coins, the seller told me, have been stolen from an online drug marketplace. Which marketplace, I do not exactly know. Because these coins had been tainted in a such way, the customer offered me a very low price. I offered him 100% anonymity and paid him in cash.
I am revealing this to the public, because all bitcoin transactions are public and can be tracked. I exchange bitcoins regularly and in large amounts, always offering 100% anonymity and a cash transaction. I would be most sorrowful to find out, that one of my customers was accused to be a thief, because I have sold him stolen bitcoins.
To assure security of my customers, I will launder this money thoroughly and completely. This process will be conducted by exchanging the bitcoins to different altcoins and back, using a large amount of wallets and small exchange amounts. Success of this project requires steadily rising coin value, so that I do not lose money. I will target altcoins with a small market cap, to ensure I can control the coin value with my own actions during the laundering process. You will benefit from this by buying while I buy, and selling while I sell.
I plan to launder 1,000 (one thousand) bitcoins per weekend. The process will begin on 20 december 13. The first affected altcoins will be published on 19 december 13.
You should follow me on Twitter, if you want to benefit.
https://twitter.com/MisterBabylon
Best regards,
Mister Babylon
PS. People have asked about my bitcoin exchange services. If you want to exchange bitcoins, you can contact me privately at misterbabylon@hushmail.com. Minimum 100 (one hundred) bitcoins. I operate in Germany. Cash payment and 100% anonymity are enforced.
PPS. People have asked me, how they could support my actions. I refuse to take any donations in bitcoin, because that would compromise your anonymity and link your bitcoin address to my person. In case you appreciate my work, my anoncoin address is ALiRAPoDdsZAY3jzm1FEYXJvxv3cQ4TLXx
This sounds a lot like one of those Nigerian e-mail scams. Hey MisterBabylon , you from Nigeria?
Re: Poll: Which Alt Coin will see the most growth in 2014?
It seems like Quark is developing a following. Can someone give me a rational explanation of why? Is it the name? Is it the Keiser/ Bill Still following? I am just not understanding why it would beat out Worldcoin or Digitalcoin.
1) One of the best security
2) Better distribution than most (QRK audit is still going on by community... check here: http://forum.qrk.cc/thread/368/auditing-block-chain -> 30% of coins in ~30 wallets, that is actually very nice)
3) Nice amount of coins (you can buy everyday items with reasonable numbers, when coin matures)
4) Support of Bill / Keiser (this IS important, can't get around this)
5) Small inflation coded in (coin that is mined out dies, small inflation means more stable)
6) Very active community -> best reason
+1
I see Feathercoin has too many problems with the blockchain from my research, and the developers don't know what they are doing.
Quark, I think may have a good chance to grow fast. Lots of coins out there and low denomination means that it could be used already for trading for goods and services.
And CPU mining, which is fairer can be lots of emerging market adoption and it is super secure.
I'm going to make this as straight forward as possible.
About Me:
Noel Arteaga
Illinois State University
Managerial Economics/ Business Administration
Graduate Dec 14, 2013
I am currently finishing up my undergraduate degree in Managerial Economics.
I have a week and a half to go (WHOOP).
I have focused my studies this past year on Bitcoin.
My senior project is on Bitcoin.
The whole economics department knows me as a Bitcoin fanatic.
Here is the problem:
The entire economics department refuses to accept that bitcoin has any credibility.
The professor who is overseeing my senior project is constantly discrediting it via corrections on my work in progress.
I have gone to entire economics department to talk about the economics of bitcoin and the outcome is always the same:
They see bitcoin as a fad with no credibility.
The department keeps arguing against bitcoin with these points.
1) Bitcoin is deflationary and it will cause it to fail. (facepalm)
2) Bitcoin is doomed to fail because people hoard it instead of spending it. No Economy exist.(facepalm x2)
3) Nobody uses Bitcoin for anything (Not Mainstream=Not real???) (Facepalm x 1,000,000)
My Goal: Raise Awareness about Bitcoin. Starting with the economics department and then expanding to the whole campus then the whole town.
I will presenting my senior project next week with the hopes of raising awareness.
I have also been putting up flyers with websites that inform people about bitcoin. The feedback from the student body has been overwhelming! I get roughly 20 emails a week from people that see the flyers and wish to learn more! Currently working on a twitter feed and facebook page.
My biggest piece of evidence: I have established an online wallet and provided the address to whole economics department and information on how to check it.
I hope to raise awareness by getting people to send donations with messages supporting Bitcoin, messages that help dis-spell the BS people that "know economics" think about Bitcoin.
It not about the amount of donation its about the messages that can be attached to the transaction!
I want to shove it in their face (in a passive way) that not only is Bitcoin alive but growing and growing fast. I want to show the world the power of bitcoin!
Bitcoin/Message Address: 1Sk9iEy1UN1q5TkzmX71ayxy2kQEmkb84
Please Keep the messages clean, I want bitcoin to seem as credible as possible.
This is my attempt to prove who I am. If you have any questions please PM me!
http://s10.postimg.org/dvaxnjgid/Classes.jpg
http://s9.postimg.org/6sdjgbjyz/image.jpg
About Me:
Noel Arteaga
Illinois State University
Managerial Economics/ Business Administration
Graduate Dec 14, 2013
I am currently finishing up my undergraduate degree in Managerial Economics.
I have a week and a half to go (WHOOP).
I have focused my studies this past year on Bitcoin.
My senior project is on Bitcoin.
The whole economics department knows me as a Bitcoin fanatic.
Here is the problem:
The entire economics department refuses to accept that bitcoin has any credibility.
The professor who is overseeing my senior project is constantly discrediting it via corrections on my work in progress.
I have gone to entire economics department to talk about the economics of bitcoin and the outcome is always the same:
They see bitcoin as a fad with no credibility.
The department keeps arguing against bitcoin with these points.
1) Bitcoin is deflationary and it will cause it to fail. (facepalm)
2) Bitcoin is doomed to fail because people hoard it instead of spending it. No Economy exist.(facepalm x2)
3) Nobody uses Bitcoin for anything (Not Mainstream=Not real???) (Facepalm x 1,000,000)
My Goal: Raise Awareness about Bitcoin. Starting with the economics department and then expanding to the whole campus then the whole town.
I will presenting my senior project next week with the hopes of raising awareness.
I have also been putting up flyers with websites that inform people about bitcoin. The feedback from the student body has been overwhelming! I get roughly 20 emails a week from people that see the flyers and wish to learn more! Currently working on a twitter feed and facebook page.
My biggest piece of evidence: I have established an online wallet and provided the address to whole economics department and information on how to check it.
I hope to raise awareness by getting people to send donations with messages supporting Bitcoin, messages that help dis-spell the BS people that "know economics" think about Bitcoin.
It not about the amount of donation its about the messages that can be attached to the transaction!
I want to shove it in their face (in a passive way) that not only is Bitcoin alive but growing and growing fast. I want to show the world the power of bitcoin!
Bitcoin/Message Address: 1Sk9iEy1UN1q5TkzmX71ayxy2kQEmkb84
Please Keep the messages clean, I want bitcoin to seem as credible as possible.
This is my attempt to prove who I am. If you have any questions please PM me!
http://s10.postimg.org/dvaxnjgid/Classes.jpg
http://s9.postimg.org/6sdjgbjyz/image.jpg
Aaaaah stupid, rigid mainstream academic professors. They truly believe the crap they are teaching like "Efficient market theory" and "Modern Portfolio Theory". Dumbass professors don't realize that what they are teaching has been put there by the "powers that be" (Wall Street and the Fed) to suppress the masses and indoctrinate students to be "zombies"...follow the status quo.
Good luck getting these professors to wrap their heads around Bitcoin, they can't see past their "ego" of all the antiquated economic crap they have learned.
Hope you can convince at least one professor that Bitcoin is not a fad.
According to http://www.blacklistednews.com/Guest_Post_-_Bitcoin%3A_Get_Out_While_The_Getting%27s_Good_/30803/0/0/0/Y/M.html
bitcoins = tulips.
Source: http://gonzalolira.blogspot.com/2013/11/bitcoins-get-out-while-gettings-good.html
bitcoins = tulips.
Source: http://gonzalolira.blogspot.com/2013/11/bitcoins-get-out-while-gettings-good.html
The article is crap. How can some idiot compare Bitcoins to Tulips.
Tulips mania was isolated to Denmark and surrounding areas/countries.
It was treated more like art...people collected Tulips.
Though Tulips were exchanged for money, it really wasn't used like currency.
The psychological hype may have been similar, but Tulips were bound to fail.
Bitcoin and other crypto currencies however, are used as a store of value and exchange for goods and services. An alternative to FIAT dollar, like the American "toilet paper" dollar, that has a mad man at the printing presses.
The psychology, behind Bitcoin is hype to some level, but also of fear and protection of a portion of ones capital in case the "SH!T hits the fan". Similar to gold.
Anyway, my 2 cents.
Re: [ANN] [QRK] Quark | Super secure hashing | CPU mining
We have almost all quarks mined.
What will happen after there will be no one left to mine? What with miners and confirmation of transsactions. What with the price?
What will happen after there will be no one left to mine? What with miners and confirmation of transsactions. What with the price?
Based on the descriptions provided at the beginning of this thread.
* Total of 247 million QRK will be mined in ~ 6 months, after that ~ 1 million QRK p.a. (~ 0.5% p.a inflation)*
So after 247 million coins get mined, then after that 1 million per annum (year), with a max inflation per annum of 0.5%.
If you know that 1 Billion = 1000 Million , then this has quite a ways to go if you compare it to the U.S dollar which has printed well over 17 Trillion dollars flooding the world with cheap, toilet paper currency.
Most people don't realize that the United States will never be able to pay back its debt, even 1 Trillion dollars is daunting.
Definition of a Trillion: https://en.wikipedia.org/wiki/Trillion
Getting back to Quark, so it will take 53 years after 247 million coins to hit 300 million coins, I think that is perfectly acceptable and enough to become a world crypto currency for the trade / transactions with a fair amount of security and stability.
My only concern right now, is that there isn't enough "Mining Pools" right now, there should be more being set up.
But will it affect the price of quarkcoin - reaching 247mln coins?
That is a very hard question to answer. As when speaking about any markets, the price is a equilibrium of supply and demand , as well as perception and sentiment.
With all these factors, it is quite hard to predict. Generally, the more currency produced the more the supply, and hence a large supply can reduce price. However with Quark, the addition to supply is only 1 million coins per year, so it is not a huge dramatic influx of new currency. Given, that the demand for Quark coins outpaces 1 million coins per year then logic states that the demand should drive up the price....but again the world of markets, whether it be FOREX, stock market, commodities ....anything can happen.
Re: [ANN] [QRK] Quark | Super secure hashing | CPU mining
We have almost all quarks mined.
What will happen after there will be no one left to mine? What with miners and confirmation of transsactions. What with the price?
What will happen after there will be no one left to mine? What with miners and confirmation of transsactions. What with the price?
Based on the descriptions provided at the beginning of this thread.
* Total of 247 million QRK will be mined in ~ 6 months, after that ~ 1 million QRK p.a. (~ 0.5% p.a inflation)*
So after 247 million coins get mined, then after that 1 million per annum (year), with a max inflation per annum of 0.5%.
If you know that 1 Billion = 1000 Million , then this has quite a ways to go if you compare it to the U.S dollar which has printed well over 17 Trillion dollars flooding the world with cheap, toilet paper currency.
Most people don't realize that the United States will never be able to pay back its debt, even 1 Trillion dollars is daunting.
Definition of a Trillion: https://en.wikipedia.org/wiki/Trillion
Getting back to Quark, so it will take 53 years after 247 million coins to hit 300 million coins, I think that is perfectly acceptable and enough to become a world crypto currency for the trade / transactions with a fair amount of security and stability.
My only concern right now, is that there isn't enough "Mining Pools" right now, there should be more being set up.
Re: [ANN] [QRK] Quark | Super secure hashing | CPU mining
Im still waiting for a reply, this is a pic from qrk.coinmine.pl website:
I've been mining for an hour and on the cmd window there is activity, im at 20kH/s per core and finding new blocks constantly but I have 0.0 QRK. What a scam.
I've been mining for an hour and on the cmd window there is activity, im at 20kH/s per core and finding new blocks constantly but I have 0.0 QRK. What a scam.
http://i40.tinypic.com/ibdst4.png
Even at a slow speed, you should still be getting something
Only shortly after when your mining pool has "accepted" a share of work and gives you a "Yay" message, then your KH/s will show up for a short time (5 minutes). Then it will go back to 0.0 Kh/s , until the next time one of the worker threads gets another share of work "accepted". If nothing is accepted then the Kh/s value stays at 0.0 Kh/s.
That is what my observation has been for the last 4 days of mining Quark.
Also, noticed that with a Dual Core CPU with 2 threads running , it takes quite a long time to get one share of work "accepted".
20Kh/s is quite slow. On my i7 Quade Core laptop I am getting 65Kh/s on 2 threads for total of 200 Kh/s roughly.
Also, this is NOT a scam, you just have to get the technicals right. I just bought 600 Quarks today, will buy more as price drops or level out.
Question: What type of CPU are you mining on? AMD or Intel ? What model?
What type of CPU are you mining on?
The for profit american prisons have turned into slave camps/merchants.
The "police" are thugs looking for new slaves at any excuse - except if you are white or (especially) if you are rich.
Lots of NGOs have become independent villages/states, though only in areas the government doesn't have the resources to oppress - ie. slightly hippie-ish/Amish communes in deserts and such.
BTC and TOR are used to avoid detection by police in most cases.
The "police" are thugs looking for new slaves at any excuse - except if you are white or (especially) if you are rich.
Lots of NGOs have become independent villages/states, though only in areas the government doesn't have the resources to oppress - ie. slightly hippie-ish/Amish communes in deserts and such.
BTC and TOR are used to avoid detection by police in most cases.
This sounds like some parts of the United States today. Forget 2020, it is already here.
By year 2020 the U.S will run the federal debt well over 20 Trillion dollars from todays 16.3 Trillion.
Can anyone say "Weimar Germany" hyper inflation.
Re: [ANN] [QRK] Quark | Super secure hashing | CPU mining
What happened to QRK? Why has the price shot up so much recently?
hype.
the Chinese are coming.. the Chinese are coming.. the Chinese are coming.. the Chinese are coming.. the Chinese are coming.. the Chinese are coming.. the Chinese are coming.. the Chinese are coming.. the Chinese are coming..
Chinese are coming..
Better mine as much as you can before the flood of people from China, catches wind of this coin. Seeing how there is a lower cost of entry being CPU mining and all, their might be more interest more lower income Chinese citizens.
Add to that speculators that buy and sell.