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Old 12-17-2013, 06:26 PM   #626
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a currency priced in RMB that lost 50% value in 2 weeks. yea thats a currency is I want to use. this is nothing more than a pump and dump on a penny stock. it will end in tears.
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Old 12-17-2013, 07:03 PM   #627
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Bitcoin isn't a competitor to these payment systems and more than the US Dollar is or the Chinese RMB. It's a currency.

If they used bitcoin, it would make things MUCH easier for them. They could essentially become 'banks' outside the banks. Google in particular would probably love this.
I think if anything, Google would simply launch a version of their own coin so they don't need to associate their brand with something they have little to no control and are usually referenced with illegal transactions.
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Old 12-17-2013, 08:24 PM   #628
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China is getting prepared for an RMB crash
Sorry, how do you come to the conclusion that the RMB will crash?

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Bitcoin isn't a competitor to these payment systems and more than the US Dollar is or the Chinese RMB. It's a currency.
I would say bitcoin is NOT a currency but more of a commodity.
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Old 12-17-2013, 08:40 PM   #629
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Sorry, how do you come to the conclusion that the RMB will crash?
I didn't conclude that RMB will crash, I am saying that the country wants to be prepared in case it does. As any country with a fiat should be. A lot of steps are taken to prevent a crash, including switching to a managed floating currency, and severely limiting how much currency their citizens can buy and sell ($500 a day IIRC, or $50K a year, and it has to be done in person, after showing your ID)
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I would say bitcoin is NOT a currency but more of a commodity.
That's the best way to think of it right now probably, especially the way the price fluctuates. I guess you can say any commodity can be used to buy and sell things.. but bitcoin is set up to do so directly and freely.
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Old 12-18-2013, 02:29 PM   #630
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Old 12-18-2013, 03:22 PM   #631
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Does anyone think that within two week we will see a rise in btc prices because of the IRS wanting to check Swiss Bank accounts for tax invasion from US citizens. I think that their is a chance that some of these funds will be pushed into btc or other altcoins.

What do you guys think?
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Old 12-18-2013, 04:16 PM   #632
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Old 12-21-2013, 09:00 AM   #633
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Is Vancouver the Bitcoin Capital of Canada? | VICE Canada

If you have an internet connection, you’ve likely heard about bitcoin. If you have an internet connection in Vancouver, chances are you haven’t stopped hearing about it. You might even own a fraction of a bitcoin (measured in its cents-equivalent, micro bitcoin) or perhaps you’ve invested in DogeCoin, bitcoin’s lovable, meme-fueled alternative. Invested or not, some days it feels like the city’s patented mix of real estate market speculators, gaming industry nerds, recreational druggies and lefty counterculturists have created a perfect storm of bitcoin enthusiasm.

“I think Vancouver is definitely one of the top cities in the world for bitcoin adoption,” says Adam Soltys, founder of Vancouver’s Bitcoin Co-op, which among other things helps local businesses set up bitcoin point-of-sale apps.

Until recently, the only evidence that Vancouver might be leading the bitcoin charge in North America was the world’s first ATM, which drew over a million Canadian dollars in bitcoin transactions during its first month of existence.

Judging by CoinMap.org, a site that tracks 2,000 cryptocurrency-accepting businesses around the world, Vancouver has a handful more bitcoin vendors than tech-savvy San Francisco. You can get a massage, fix your phone, buy groceries and drink beer all with deliciously postmodern internet money. Despite the sizable population difference, Toronto’s cryptocurrency scene is half the size. According to Google Trends data, in the past 90 days Vancouver is second only to Amsterdam for most bitcoin-related web searches worldwide.



Vancouver is coming for your Google-searching Crown, Amsterdam. via Google Trends.

Turns out Vancouverites really are talking about and using bitcoin more than anywhere else in Canada. “Vancouver’s got a lot of counterculture-type folks, and there’s a big libertarian community,” Soltys explains (eventually our conversation moves to discussing hearsay about local pot dealers accepting coin for BC bud, before going back on topic). “I think the whole radical left-leaning socially-conscious element in Vancouver has made it a hotbed for bitcoin.

Some of the buzz is no doubt related to big moves by Bitcoiniacs, the Vancouver-based company that purchased the aforementioned first-ever bitcoin ATM. Three young dudes hailing from British Columbia’s Sunshine Coast went in on five Robocoin ATMs this year—four are still being built—which are all slated to open for business in Calgary, Montreal and Toronto in early 2014.

Sitting down with Bitcoiniacs co-founders Cheyne Mackie and Mitchell Demeter, it’s clear the Vancouver ATM launch was more hyped than expected—thanks in small part to the Left Coast’s healthy contempt for big banks. Mackie and Demeter invited me back to the conference room where they broker trades over $3,000 by appointment. They walked me through the clunky process of setting up a bitcoin wallet on my phone, and let me trade a high-rolling twenty bones into bitcoin.

“There seemed to be a lot of people taking a wait-and-see approach,” Demeter says of competitors from Chicago to Stockholm. In the meantime, bitcoin’s value has only become more volatile. “Since we already had our own physical brokerage down near Granville Island, we knew there was a market… we had some metrics already, so we were just the first ones to jump in.”

“There’s only so many talkers, and not that many walkers,” Mackie adds.

With crisp dress shirts and haircuts, Mackie and Demeter are doing their best to peel back the layers of esoteric nerdism seemingly required to avoid getting fleeced by sketchy bitcoin exchange operations (most notably this happened in Hong Kong in May; $4.1 million disappeared but NBD). Because the currency is open-source and decentralized with no government backing, even some of the most reputable exchange sites are mystery organizations in Slovenia, or former Magic The Gathering forums.

Mackie and Demeter are launching their own “next generation” exchange site—dubbed CoinTrader.net—which just started private beta-testing yesterday. “You have all these fly-by-night exchanges, and we’re providing more reliability and transparency,” says Demeter.

Sitting within earshot of the ATM for twenty minutes, two customers in a row feed stacks of hundred-dollar bills into the machine. One guy says he took the ferry from Vancouver Island when he saw the exchange rate dip under $600 per bitcoin. There’s a utopic tone in his voice that makes me want to remind him he could easily lose half his money tomorrow.

“When bitcoin hit $1,200 it was packed all day long,” recalls Alex Robertson, an attendant paid to stand by the ATM for inevitable questions. “The last week things have settled a bit.”

“We had a young guy come in, he was 18 and he’d been mining bitcoins on his Xbox since 2010,” Demeters says. “With all the hype of the last few weeks he came in, he actually found 3,600 bitcoins on his gaming computer.” Demeters says they helped the kid sell off 800 bitcoins for nearly $800,000.

Vancouver is buzzing with stories like these. And it’s hard not to be excited for whatever inexplicable possibility (or failure) bitcoin’s development might bring. In the last twenty-four hours, the $20 on my phone jumped to $25.61. I spent the difference on currywurst at a trendy Berlin-inspired spot called Bestie, (because, let’s face it; Vancouver is officially the new Kreuzberg). After a bit of QR code fumbling, restaurant co-owner Dane Brown says they’ve been getting at least one bitcoin customer a day all month.

“It’s fun to have the first ATM and help develop the industry and the infrastructure for it,” Mackie says of Bitcoiniacs’ place in the local and international scene. With big plans coming in January, it will be interesting to see if other Canadian cities will absorb Vancouver’s enthusiasm, or remain justifiably skeptical.
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Old 12-21-2013, 10:35 AM   #634
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Old 12-21-2013, 12:57 PM   #635
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Fuck Dogecoin.
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Old 12-23-2013, 03:36 PM   #636
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This dude is mining with 54 R9 290's



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Old 12-23-2013, 05:28 PM   #637
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Hey team I have a favor to ask of someone.

Crypsty is being a bitch. I sold a bunch of COL a few weeks ago, and their server screwed up and sold .0000051COL more than I had. Yes, such a minute amount. Now, my balance is in the negative and I have had an open support ticket for a week which no one seems to care to help. I want to withdraw my QRK to my wallet but it won't allow me with a negative balance on any coin.

If anyone would be so kind to let me borrow .2LTC to clear this -.0000051COL and I will send back the remainder. Yes, it will be slightly less (like whatever .0000051COL equates to and the deposit fee from Crypsty back to you) but I'm hoping someone who has mined LTC and doens't mind losing a tiny amount can help me out. I'm quite annoyed with Crypsty and their lack of help and I really want to get my QRK out.

Why not transfer my QRK into it you ask? Well that would require me to change a minimum QRK to LTC of .1LTC (minus their fee) and then from LTC to COL, again minus their fee, then BACK to LTC, and back to QRK minus all the transactions fees they charge. So this -.0000051 COL will end up costing me a lot more.

My LTC address is *removed*

If you sent LTC, please post in this thread so I can remove the address so I don't have multiple people send LTC.

I know it's weird to send LTC to a faceless person on the internet but I'm not out to screw anyone, you will promptly get back whatever is left.



edit; problem averted, just leaving this post up so others are aware of craptsy. My dad acutally had a similar problem. Wanted to buy .5BTC of QRK and the trade engine put him -2.5BTC! Truly a terrible website.
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Old 12-23-2013, 05:32 PM   #638
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Lemme check how much I've got with coinotron, don't think I'm at a withdrawal threshold yet though
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Old 12-23-2013, 05:38 PM   #639
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Hey team I have a favor to ask of someone.

Crypsty is being a bitch. I sold a bunch of COL a few weeks ago, and their server screwed up and sold .0000051COL more than I had. Yes, such a minute amount. Now, my balance is in the negative and I have had an open support ticket for a week which no one seems to care to help. I want to withdraw my QRK to my wallet but it won't allow me with a negative balance on any coin.

If anyone would be so kind to let me borrow .2LTC to clear this -.0000051COL and I will send back the remainder. Yes, it will be slightly less (like whatever .0000051COL equates to and the deposit fee from Crypsty back to you) but I'm hoping someone who has mined LTC and doens't mind losing a tiny amount can help me out. I'm quite annoyed with Crypsty and their lack of help and I really want to get my QRK out.

Why not transfer my QRK into it you ask? Well that would require me to change a minimum QRK to LTC of .1LTC (minus their fee) and then from LTC to COL, again minus their fee, then BACK to LTC, and back to QRK minus all the transactions fees they charge. So this -.0000051 COL will end up costing me a lot more.

My LTC address is ***

If you sent LTC, please post in this thread so I can remove the address so I don't have multiple people send LTC.

I know it's weird to send LTC to a faceless person on the internet but I'm not out to screw anyone, you will promptly get back whatever is left.
I just sent you .5LTC (minimum withdraw at BTC-E)
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Old 12-23-2013, 05:42 PM   #640
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Thanks Mark!
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Old 12-23-2013, 06:23 PM   #641
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You guys shouldn't be keeping your balance in pools and exchanges...
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Old 12-23-2013, 06:46 PM   #642
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Everything of mine is in wallets my payouts for the LTC pools are only about 4.5
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Old 12-24-2013, 05:57 PM   #643
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This dude is mining with 54 R9 290's



I don't get it...... I would never get it !
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Old 12-26-2013, 12:14 AM   #644
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i'm mining LTC under the wemineltc pool. are you saying you're mining solo right now? or do you just mine til you get 1 ltc and then transfer to your wallet?
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Old 12-26-2013, 12:15 AM   #645
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wemintltc Pool takes 0.1 transfer to the wallet
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Old 12-26-2013, 07:25 AM   #646
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Peripheral bitcoin services like BitPay safer investment than bitcoin: economist | South China Morning Post

This story talks about Bitpay, and how Li Ka Shing is an investor. There's one billionaire who knows what's going on, so this is an interesting story

Open in incognito to avoid paywall
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Old 12-26-2013, 06:57 PM   #647
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anyone messing around with doge coin lol.
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Old 12-27-2013, 02:26 AM   #648
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What do you guys think:

Newegg.ca - Crypto Currency Miner Starter Kit - $792 - RedFlagDeals.com Forums
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Old 12-27-2013, 03:29 AM   #649
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I think that's just a guy who did a build and added his affiliate code

If I was doing a mining rig, I would use 290's. You will want the highest hashrate as fast as you can get it, because it will ONLY go up from here. You should make the most you can at every moment you can mine.
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Old 12-30-2013, 05:53 PM   #650
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I think that's just a guy who did a build and added his affiliate code

If I was doing a mining rig, I would use 290's. You will want the highest hashrate as fast as you can get it, because it will ONLY go up from here. You should make the most you can at every moment you can mine.
That's what I did. I got two r9 290 and it hashes at 895 per card.
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