OneCoin is now bigger than Bitcoin, according to OneCoin.

OneCoin is now bigger than Bitcoin, according to OneCoin.

After the doubling of Onecoins today, the total number of Onecoins is about 2 billion coins according to Ruja. That means OneCoin is now the biggest cryptocurrency in the world, according to Ruja and other onecoinists.

Ruja: "The new blockchain will mine 50 000 coins per minute, and we plan to go public with the coin the second quarter of 2018. Then Onecoin will go to the whole world without any limitation."

https://www.youtube.com/watch?v=WI6l4N4MQaE&t=11089

Onecoin value is now about 6.95€ per coin and not expected to decrease. 50 000 coins per minute mining speed means 2.19 billion coins in a month. This means that Onecoin "market cap" will increase over 15 billion euros per month, every month.

The famous Onecoin rep Ken Labine reaction:

"BITCOIN is no longer number 1 in market cap!!! WE ARE 🙂

More coins, More Members,

Now Higher Market Cap! 🙂

WELL!!! Its gonna mine 50,000 yes !!! 50,000 EVERY 1 minute 🙂

Wait times drastically reduced 🙂

We will be mining up to 72 MILLION A DAY!!! Have fun trying to catch up bitcoin :-p

(They have TOTAL supply of 21 Million)"

http://bit.ly/2dzQHHn

Submitted October 02, 2016 at 12:48AM by memyselfdotcom
via reddit http://bit.ly/2cJC0f3

11th Gemini Auction: 1600 BTC for 604.98 USD

11th Gemini Auction: 1600 BTC for 604.98 USD

http://bit.ly/2cLTMPw

{ "last_auction_price":"604.245", "last_auction_quantity":"1600", "last_highest_bid_price":"604.98", "last_lowest_ask_price":"605.45", "next_update_ms":1475351400000, "next_auction_ms":1475352000000, "last_auction_eid":246130355 } 

• Day 10 (2016-10-01): 1600 BTC @ $ 604.98
• Day 9 (2016-09-29): 2,042 BTC @ $ 605.15
• Day 8 (2016-09-28): 2,073 BTC @ $ 602.75
• Day 7 (2016-09-27): 2,117 BTC @ $ 603.20
• Day 6 (2016-09-26): 793 BTC @ $605.015
• Day 5 (2016-09-25): 1,002 BTC @ $599.455
• Day 4 (2016-09-24): 1,050 BTC @ $598.51
• Day 3 (2016-09-23): 3,098 BTC @ $599.50
• Day 2 (2016-09-22): 2,090 BTC @ $595.75
• Day 1 (2016-09-21): 2,104 BTC @ $593.67

Submitted October 01, 2016 at 11:12PM by Coincle
via reddit http://bit.ly/2dzuOZ5

BTC-e down for 12 hours due to maintenance

BTC-e down for 12 hours due to maintenance
https://twitter.com/btcecom/status/782096159510757376

Submitted October 02, 2016 at 05:09AM by fiat4lyfe
via reddit http://bit.ly/2dAaYNb

Bank of England published working paper on “Macroeconomics of Central Bank Issued Digital Currencies” asking “what if” the Bank of England created its own Bitcoin?

Bank of England published working paper on “Macroeconomics of Central Bank Issued Digital Currencies” asking “what if” the Bank of England created its own Bitcoin?
http://bit.ly/2dA7YjX

Submitted October 02, 2016 at 04:51AM by mvea
via reddit http://bit.ly/2cJR6AV

ABRA update!

ABRA update!
https://youtu.be/fBxnzk5SmO0

Submitted October 01, 2016 at 11:53PM by CosmosKing98
via reddit http://bit.ly/2dzRati

Bitcoin startup Unocoin raises $1.5 million from investors – Times of India

Bitcoin startup Unocoin raises $1.5 million from investors – Times of India
http://bit.ly/2dDErW1?

Submitted October 01, 2016 at 01:05PM by Unocoin
via reddit http://bit.ly/2dfcEZz

Bitcoin economics and how Bitcoin has changed my life for the better!

Bitcoin economics and how Bitcoin has changed my life for the better!

Hi All,

Just a warning this is nerdy and long so here is tl;dr: ever since I was introduced to Bitcoin I have been working harder than ever to be able to buy more Bitcoin. At work whenever I get a chance to pick up extra shifts, my answer is invariably “yes” because I can buy more bitcoin. My work attitude has completely changed. I have been promoted and my net income has doubled. My productivity, motivation, and drive are all at levels beyond what I thought possible. The only reason is bitcoin.

---

The long version: There has been a lot of debate about whether bitcoin is good or bad for the economy. Reddit Bitcoin users usually fall into agnostic category, which is characterized by users who say that they “don’t care about macro-economy as long as it benefits them”. I agree that cat is out of the bag and bitcoin is here to stay for good. It will outlive any fiat currency whether or not it good for the macro-economy. On the other hand, economists take a different perspective. They use various models to try to predict the future and how a simple input change may affect the whole economy. The problem with these models is that they are seldom right and when they are right they incapable for predicting the full extent of the effects of the change in input. (in reality most of their models are developed retrospectively—not prospectively). Many say deflationary currency will make people save money and not spend it which results in less economic growth. In reality this has never been true for me and my friends who own bitcoin. Bitcoin’s deflationary supply only means one thing to us: the price will be higher in future than today. Hence we should work harder to buy as much as we can. We all have been working harder than ever to earn more to buy more bitcoin. That is the only effect deflationary aspect of bitcoin has had in our behavior. It has not changed our spending habits. I just came back from my 5th vacation this year. Our spending habits are always ruled by our lifestyle and the type of currency we use doesn’t affect that. The main effect of bitcoin is who hard me and my friends have been working. Our productivity significantly higher than before we knew of bitcoin. Our employers are much happier with us than our previous employers. Bitcoin gives people hope, motivation, drive and ambition. Introduction of Bitcoin main stream economy would be like injecting all workers with healthy steroid or an amazing simulant that does not have any side-effects. Also since I am much richer thanks to bitcoin I am actually spending much more that I would have otherwise. So I think the argument of deflationary currency will reduce customer spending and is bad for economy is nonsense. According to my experience and that of my friends Bitcoin makes employees work harder and increases productivity while not affecting people’s spending habits due to its deflationary nature.

Submitted October 01, 2016 at 02:22PM by AdvocateLLC
via reddit http://bit.ly/2dswkdB

Deutsche Bank Charged By Italy For Market Manipulation, Creating False Accounts

Deutsche Bank Charged By Italy For Market Manipulation, Creating False Accounts
http://bit.ly/2cJooQL

Submitted October 01, 2016 at 11:16PM by sy5error
via reddit http://bit.ly/2dzCXMZ

OneCoin is now bigger than Bitcoin, according to OneCoin.

OneCoin is now bigger than Bitcoin, according to OneCoin.

After the doubling of Onecoins today, the total number of Onecoins is about 2 billion coins according to Ruja. That means OneCoin is now the biggest cryptocurrency in the world, according to Ruja and other onecoinists.

Ruja: "The new blockchain will mine 50 000 coins per minute, and we plan to go public with the coin the second quarter of 2018. Then Onecoin will go to the whole world without any limitation."

https://www.youtube.com/watch?v=WI6l4N4MQaE&t=11089

Onecoin value is now about 6.95€ per coin and not expected to decrease. 50 000 coins per minute mining speed means 2.19 billion coins in a month. This means that Onecoin "market cap" will increase over 15 billion euros per month, every month.

The famous Onecoin rep Ken Labine reaction:

"BITCOIN is no longer number 1 in market cap!!! WE ARE 🙂

More coins, More Members,

Now Higher Market Cap! 🙂

WELL!!! Its gonna mine 50,000 yes !!! 50,000 EVERY 1 minute 🙂

Wait times drastically reduced 🙂

We will be mining up to 72 MILLION A DAY!!! Have fun trying to catch up bitcoin :-p

(They have TOTAL supply of 21 Million)"

http://bit.ly/2dzQHHn

Submitted October 02, 2016 at 12:48AM by memyselfdotcom
via reddit http://bit.ly/2cJC0f3