I came to figure out, why would a consumer/customer use Bitcoins? You have to pay the 3 cent fee, while you dont have to pay anything when paying with a credit card.
So what is really a benefit for using Bitcoins, customer wise?
This is a myth, credit cards are really not cheap. Ask any shop owner, the fees to him can be anything upto 5% of his sale. You might say, well screw him as its not costing me; but where does the retailer get that money to pay credit card companies. Its you who gets charged either directly, honestly or in charges to the retailer who then will bump up the price to cover the cost. Same deal goes for sales taxes, same for any tax on a company and the president is about to introduce another tax on gas. The argument is again I wont charge people who pay petrol, I'll charge the oil company. The tax will be passed onto the buyers which is anyone who uses petrol, no doubt about it. Bitcoin is super cheap compared to any normal money exchange especially anything across borders using foreign exchange routes normally
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Ive used that site before, its well established. The site handles the escrow afaik and both of you must confirm you are happy for money sent to proceed. Not been there for a while but it seems to be a system that works well off reputation of sellers. Start with small amounts so you can learn first hand and dont break the rules given by the site for your own safety
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Everyday nearly 2 million BTC is traded on Huobi which equals to 740 million dollars with current BTC price.
740 million dollars. On a single exchange. In a single day. I don't know how can you guys who say it's not fake can explain this but it doesn't look real at all to me.
Well size aint everything. Throwing virtual figures around the confines of an exchange computer like a squash court is not the best demo. Maybe if you want to compare it to flash trading computers done on NYSE it might make sense, they own each Company stock maybe $100,000 or more for less then half a second, then they sell it. Then they buy it again 1000th of a cent cheaper, then sell it again. Does this convince me of that companies strength that day, no doesnt really mean anything except noise
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This would be a pizza for dolls, about the size of a pinhead :p You could have more then five if such a micro transaction were possible
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It would be difficult to do in a safe way as your private key is needed to mine a block. The simplest way to increase regularity is to… buy more BLK. Mine hasnt staked for weeks but its a really iffy wifi connection thanks to big old house walls. Does it matter much if it reconnects a few times a day, not sure if connectivity or bandwidth would effect it That node stuff should go in code tags (or any big quote tbh) btw, less spammy addnode=51.174.4.48 addnode=58.96.109.62 addnode=65.128.89.198 addnode=67.159.44.16 addnode=68.109.141.22 addnode=70.173.209.163 addnode=71.193.197.252 addnode=71.231.212.28 addnode=72.235.129.99 addnode=72.51.206.122 addnode=73.201.180.47 addnode=73.240.78.63 addnode=73.76.100.141 addnode=75.25.49.32 addnode=76.167.253.74 addnode=76.85.157.237 addnode=78.193.40.205 addnode=78.50.28.65 addnode=82.69.45.247 addnode=83.11.70.145 addnode=83.151.14.32 addnode=83.20.235.177 addnode=83.218.221.166 addnode=84.245.31.174 addnode=85.25.202.57 addnode=85.25.217.233 addnode=86.170.133.74 addnode=87.106.215.215 addnode=87.145.67.40 addnode=87.79.93.124 addnode=88.114.98.106 addnode=89.163.246.146 addnode=89.164.106.39 addnode=91.121.120.218 addnode=92.228.121.210 addnode=92.247.168.86 addnode=93.159.113.254 addnode=93.208.212.137 addnode=93.79.187.183 addnode=93.84.194.32 addnode=94.193.85.108 addnode=94.254.57.158 addnode=95.84.198.196 addnode=95.90.248.40 addnode=99.122.4.110 addnode=99.184.252.232 addnode=99.239.178.205 addnode=107.6.4.145 addnode=109.146.218.209 addnode=109.182.144.114 addnode=115.230.125.106 addnode=121.199.75.170 addnode=124.148.165.165
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I would like to join Your Signature Campaign - Stage 4,
waiting from last month, this month i think you will add me.
I would also like to join stage 4, Im not sure if I'm to reapply or not but just in case yes please
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By observing we alter the results. Thing is the FED thinks it can manipulate the economy successfully and so change natural events but I believe they are ultimately merely going to observe a return to the mean despite their best efforts. I think we follow highly predictable patterns even after all our changes through the years we remain basically the same in human activity though it might be as complex as a fractal the economy does still follow the same principals laid down hundreds of years ago which wasnt our invention really just conclusions on the natural flow of business etc. Apologies if I misunderstood the point and I understand humans can defy gravity but they dont stop it being a consistent force and I think economies follow similar practise
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Now also cryptsy was hacked , what the hell !!!!
We have no way to go I start from CryptoRush then Pmtocoins then Mintpal and Bter now Cryptsy all are hacked and gone we cannot do any thing just give them money Yea unfortunately the whole concept of centralised storage is flawed. It keeps falling over for that reason, I mean its partly down to the people running it not expecting to fail with extreme safe guards required but also the users should know the site is a target for hackers like a virtual fort knox. Except the real fort knox is set in an army base I hope Blocks and Chains Decentralized Exchange gets to launch soon so exchange hacks would become a thing of the yesterday. yep
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In any case it would rely on trust for the deal or escrow. Ive tried to sell steam accounts here with 10 games but not much interest, nothing high value just games Ive completed basically.
If people mention what they want I can at least check if I have it spare. I imagine others are out there similarly
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So anyone regularly used this card, want to tell me how useful it is. Im interested in the fees and usability of it all, mostly at the moment I use bitcoin to buy computer parts as those stores are most friendly to the idea but this card allows use anywhere or just ATM ?
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I dont suppose anyone could ask they change this requirement >> BTC: Minimum withdrawal is 0.02 I should be glad I havent much to lose, but overall I havent much ! to begin with :0 Its ok, most of the money was tied in the main stock crytpsy so its not much of dilemena at present just an unfortunate loss I did sell some ages ago to cover this scenario so I hope did everyone else
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Well you follow Ron Swanson's example: hoard as much gold as you can, bury it at an undisclosed location, and then move in the woods and live off the land in a cabin.
Most people cant cook wild herbs or grow them for that matter, cant hunt well, dont know how to preserve food so it wont spoil. Dont have carpentry skills, gold gives zero help with any of those things. Plain steel or iron or a bit of flint even would rate as more valuable. What we can say is gold is extremely useful as an exchangeable reliable non degradable store of value. Ron Swanson is awesome and skilled but he has no use for gold stuck out in the woods, as he is a libertarian I think he'd acknowledge value is determined from production mainly. In the modern world we trade everything across the world so we have become alien to the source of the products we use everyday, we have no choice now and the woods or hoarding wealth would cause the nation to starve. One of the mistakes in the 1930's was to close off or reduce drastically international trade so its kind of a real problem even past hypothetical gold hoarding. (lost trade causes costs to be raised for both the seller and buyer of those goods I think) Same applies to bitcoin, actually the people who do nothing with it and take no part in bitcoin trading or exchanging are not helping building value at all. If all people did this, the value would be zero whereas if all people do a useful or unique production and sale in bitcoin the value can be considerable. The only time hoarders are useful is when they spend or when they earn the original gold or bitcoin, if they earn and produce everyday then I wont argue because that is useful but if stuck in the woods its not helping anyone else so Ron Swanson hopefully wouldnt do this :p tl;dr Swanson is a trader not a hoarder (from my brief viewing of his tv series)
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So if the bitcoin price becomes $200,000 in 20 years, 20 bitcoin will make our retire life very happy.
Theres a super important point people keep on missing. Everything you buy in 20 years will also cost more, dont measure your world in dollars which is basically political currency based around Washington. Its unlikely the world will be determining prices in the same way then, the big upheavel with oil regimes recently being one example. They'll issue a ton more dollars to pay the governments bills which means everyone will have 200,000 of them in 20 years without much effort
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Going low but looking at the chart I see its risen alot recently and is just retracting some of that gain. It does depend on what time period you consider most relevant. If the chart is right then most of the volume was on the rise which is very bullish for the future. But I dont know the market overall just going on wisdom showing bittrex. The biggest rises are probably related to dollar, yen and rates altering like Japan just did but thats just my take, Japan is related to China money flows a fair bit afaik
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Its legitimate in that it would be extremely hard to be in a position where you could claim it. Problem is you will get zero for your work if you only do 90% of the work, without recovery of the coins then there is nothing to pay you. Its not just this case, its often how rewards go but maybe someone knows how to easily get it back but its unlikely and yea just for publicity I guess though I'd offer the same if I were in the same position
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People with IQs under 100 (roughly half the population) can deal more easily with gold than with Bitcoin.
Gold and Bitcoin have different attributes. They play in somewhat different spaces. Their "price vectors" go in different directions.
Own both!
I dont really side with elitism and if bitcoin is at all with that line of thinking I dont believe it will propogate like it has to and so will fail. Bitcoin has to be idiot proof easy to use by anyone any place really, gold should have no advantages on this aspect and if anything be more liable to loss from its innate physical risk
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You arent supposed to make money from gold but you can certainly save money which if you already have a job that should be your aim to some extent. Investment means risk and the whole point of saving really is to minimise and accumulate your hard work into reliable wealth for your old age. This forum is probably age biased towards the younger more risky venture outlook type people but at some point in your life your outlook will swing to security and usable (liquid) wealth which is gold, not earning but securing your previous good work.
That aspect to the monetary world is invaluable, its power to decide the world is immense because there is so much money running scared from any risk and will run a mile from things like bitcoin at least at the present time. The FED and others will try to argue saving is destructive and contary to healthy economy, this really is such an extreme view and now its common. Japan recently switched to negative rates, we in the 1st world economy are down the rabbit hole
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^^ The point there is people dont believe gold is freely exchangeable. Of course it is but only really in quantity. A bank trading bar is like a kilo and a heck of a lot of money. The money we are talking about as the common people right here on this forum are really thinking wow a few hundred is alot of money to me right now and I want a good trade price and low fees. Bitcoin can do that because 300 hundred is still alot in bitcoin terms but in gold its the bare minimum not to get laughed out the jewelers pretty much. If you go to a pawn shop and for smaller amounts then that, they will basically politely rip you off with fees and/or a bad trading price for the spot fix on gold, bitcoin is small more competitive and more applicable to the small dealers we all are here. Apologies to Mr Big the millionaire playboy who randomly reads this thread but somehow gold is more suited to him and most of us here will likely complain about gold and its difficulties. Iam pro gold generally but not in a persons pocket, generally government or some reliable authority should make it divisible and transportable by proxy such as the perfectly working system prior to 1913 Fed day 1
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Has anyone actually been able to withdraw funds from Cryptsy for one of the wallets that has been "re-opened" for withdrawals?
I withdrew blackcoin I had traded. I wish I put all the btc into that had I known but I only left bit. Hours before the blog post and the cancelling of orders I got my small dogecoin balance sent out as they did clear out some coins till then. I do think they should press ahead with some compromised solution and put people out of their misery with whatever losses have occured. Like one person said above alot just kept random coins here for convenience so at least let them continue to swap even if the main problem of the missing btc is still a loss for many
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