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Showing 9 of 9 results by hairballin
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Re: Welcome to Satoshis4BTC
by
hairballin
on 13/10/2017, 21:17:52 UTC
Virus Found in File

https://www.virustotal.com/#/file/e536c88b54b51a09ceb77b037c70ea95fbf8f12862971e1943858e34fd580588/detection

Virus names - Troj.VBS.Crypt.towh , BehavesLike.Trojan.dc , HEUR:Trojan-Downloader.Script.Generic , heuristic

Please Do not Download this file

This malware infected file , Do not open this file it will steal all information , it may be personal

last post of this user related to this file claiming he lost bitcoins
https://bitcointalk.org/index.php?topic=2248127.msg22722226#msg22722226

Thanks for the investigation and the proof.  Smiley
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Board Services
Re: Welcome to Satoshis4BTC
by
hairballin
on 12/10/2017, 20:38:54 UTC
I've tried it and its PAYING please if you dont want it dont spam here .
Thank you

lol OP tried it and it's paying. Totally not a scam.

Beware.
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Topic
Board Economics
Re: Would using Bitcoin currently increase or decrease its value?
by
hairballin
on 11/10/2017, 16:26:26 UTC
Neither. Simply using Bitcoin as a mode of payment won't affect its price. What affects its price is of course the demand and supply of it. The demand of Bitcoin comes from us when we determine what is the fair market value of Bitcoin, it is also affected by other factors which cause a stronger buyer side or a stronger seller side. Think about it this way if Fiat currency is being used daily in your country why does it not increase in price over time? Because the demand and supply still remains the same.

That makes sense. I'd ask though when it comes to Fiat currencies, they're subject to inflation due to either an increase in supply (printing more money -smh Zimbabwe) or legislation increasing minimum wage, forced price floors/ceilings on surplus/shortage commodities.

But as Bitcoin isn't Fiat, it isn't subject to those factors (regulation, legislation, increased volume). So can it really be analogous in that way? It seems like it would obey different economic principles.
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Topic
Board Economics
Re: Would using Bitcoin currently increase or decrease its value?
by
hairballin
on 07/10/2017, 04:15:14 UTC
I'm new to the Bitcoin / Cryptocurrency world, and the economics are pretty interesting.. My  Wink ;)question is more of a large-scale economics question.

Would using Bitcoins, to purchase goods (not on this forum) or services, increase its perceived value due to wider exposure or level-out/decrease its perceived value by establishing an accepted value of it?
 Wink
I hope that was clear enough. Just looking for ideas and thoughts.
Hi hairballin! I'm just a bit confused with your introduction. You said you're new to the bitcoin and cryptocuurency world, yet you stated in your quote below your activity count that you're "an experienced technical writer, altcoin  trader." Quite contradictory...lol! Anyways, as far as I know, the general rule in the market value of things is, the higher the demand, the higher will be the value..simply put. Just like a professional who offers his service, when he gets recommended or referred to others more often, then he could partially increase his fee due to the trust that is being built. Same thing with bitcoin, the more people use it-the higher the demand-the value rises. Quite similar to a popularity contest so to speak..

Thanks for the insight! And I am new. But I have technical writing experience and I just started trading altcoins. Diving in the deep end to learn as much as I can I suppose.
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Topic
Board Economics
Re: Would using Bitcoin currently increase or decrease its value?
by
hairballin
on 06/10/2017, 17:54:35 UTC
Value increases. Just think about it yourself why would you using something decrease its value. Has that ever happened to you? Using something more increases the demand of that commodity.

And I am sure that you have heard about the supply demand paradox. When supply increases and demand decreases prices go down. But when demand increases and supply decreases prices go up.

Using Bitcoin frequently in your everyday life will only increase the demand for it. Since the supply is limited and more demand is being conjured up every minute due to mainstream adoption, Bitcoin prices will only go up.

I understand how supply and demand works. I was asking more about value consensus in general. And can you explain how using Bitcoin in everyday life would increase its demand and, subsequently, its "price"?

If you offer/trade XX Bitcoin for a good or service (commodity), you're establishing a value. The more common that this trading happens, a value is established and solidified.
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Topic
Board Economics
Re: Would using Bitcoin currently increase or decrease its value?
by
hairballin
on 05/10/2017, 23:29:45 UTC
I'm new to the Bitcoin / Cryptocurrency world, and the economics are pretty interesting.. My question is more of a large-scale economics question.

Would using Bitcoins, to purchase goods (not on this forum) or services, increase its perceived value due to wider exposure or level-out/decrease its perceived value by establishing an accepted value of it?

I hope that was clear enough. Just looking for ideas and thoughts.

It's a good question, it's nice to see someone thinking rationally about the economics of bitcoin and asking an intelligent question. I see bitcoin transactions as essentially neutral in terms of whether they create or destroy value. On the one hand, buying bitcoins to spend at a merchant creates upward pressure on the price. Once spent, however, the merchant is likely to instantly liquidate the bitcoin into USD, because bitcoin has a low utility for actual commerce. It does no good to hold a currency the vast majority of the economy doesn't accept and when the rest of the economy conducts business in USD. There's also substantial risk of losing the profit of the transaction due to bitcoin's intense volatility, so all the incentives for merchants are to exchange immediately into USD, and this puts an equal amount of downward pressure on the price. I see commerce playing a negligible role in the actual value of bitcoin, all this up and down is related primarily to speculators.

Thank you for the informative answer, that all makes sense. So then a widespread Bitcoin usage would require near-zero volatility? How can that be achieved if most vendors/merchants are quick to liquidate to fiat?
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Board Economics
Re: Would using Bitcoin currently increase or decrease its value?
by
hairballin
on 05/10/2017, 21:06:30 UTC
It depends. We shouldn't forget that merchants accept Bitcoin through third party payment processors who directly, or eventually convert these coins to fiat on the market. If the demand remains strong, it wouldn't really impact the market too much, negatively speaking, but if the market experiences a stagnant period, it might actually suffer to a certain extent. It has all to do with supply and demand, simple basics. Only when merchants will start to actually keep a certain percentage of their sales in Bitcoin, I see the market react positively -- less coins in circulation always helps.

That makes sense. So then would the Segwit2X fork in November devalue Bitcoin as a legacy coin if a new one is created/put in circulation? I'm trying to understand that too
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Topic
Board Economics
Would using Bitcoin currently increase or decrease its value?
by
hairballin
on 05/10/2017, 18:00:27 UTC
I'm new to the Bitcoin / Cryptocurrency world, and the economics are pretty interesting.. My question is more of a large-scale economics question.

Would using Bitcoins, to purchase goods (not on this forum) or services, increase its perceived value due to wider exposure or level-out/decrease its perceived value by establishing an accepted value of it?

I hope that was clear enough. Just looking for ideas and thoughts.
Post
Topic
Board Bitcoin Technical Support
Upcoming Bitcoin Hardfork - Wallet Usage for new Coin
by
hairballin
on 03/10/2017, 16:56:30 UTC
[Very new user trying to understand more of the system]

Bitcoin is supposed to have a split sometime in November for the segwit2x system. To my understanding, this creates a new coin, like BCH.

Where does this new coin go? What happens to Bitcoins that are held in a wallet vs. Bitcoins that are held in an exchange (like bittrex)?

Any and all information is greatly appreciated! Thanks!