No. you must be an extraordinary person to use bitcoin, not just ordinary. It's in the code guys.  # include <iostream>
# include <algorithm>
# include <bitcoin_use>
int main() { if extraordinary = {1};
int count = (1) bitcoin_use printf "Yes, you can use bitcoin";
int count = (0) bitcoin_use printf "No, you can't use bitcoin";
} |
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I know the bitcoin foundation used https://consider.it/ software to help establish consensus on development. It is a nice system for this task. I met with the developers in Portland a few years back. Good guys. It would be ideal if every stakeholder had a vote on development. But I'm not sure how to do it without cheating. |
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It's called an edge because you can't predictably beat it. In fact it is logically predictable that the house is the likely winner of any bet. If you want to get rich in gambling you buy a casino, not put your money up for a likely loss.
Do you think everybody is rich enough to buy a casino ? lol Moreover,there wouldn't be any profits if everyone went around buying casinos.No,you cannot predict if the house is likely the winner of any bet.Provable betting system exists for a reason. Maybe he's just illustrating that if someone wants to earn from gambling, instead of gambling against the casino, just make one. Because statistically, the casinos will win against every gambler gambling on the casinos. That is what I mean. At a casino the house has to be the most likely winner. They are not playing a game like the casino patrons, they are working a mathematical system to win more often than anyone else. They may lose individual plays, they may pay out more to a specific gambler than they made, but over time and on average they will have a more or less predictable advantage on all bets. "Provable betting" shows all the math, but is in no way a level playing field. Gambling websites are making money not providing a free public gambling service. |
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Utility is high actually. Bitcoin is the greatest payment system ever developed, however it is not being used as such. For everyone that spends bitcoin at a store many, many, outers just switch back and forth between BTC and local fiat. If we are speculating with bitcoin rather than using it as a currency then the project will develop accordingly. I would guess that at our current trajectory the cost of trading will soar to match trading in any currency. If you want something different then it's going to be your job to make it happen. Start spending your coin instead of selling it, start asking retailers to accept BTC.
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You will also want to look into the risks associated with physical coins. Bitcoin is extremely resistant to counterfeiting, coins are highly susceptible to it. Consider that it's all about protecting your private keys. Ask yourself "How will I be sure that I am the only person with this key?"
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For that kind of volume you may want a partner, perhaps a miner. Otherwise an exchange may be your best option. I would look for a legal business in your country to mitigate risk.
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amadil
You are going to have problems with this. PayPal and BTC are a bad mix. Why not just fund an exchange account like a big boy?
the problem rodeo is im not from usa or other country where is easy to join big exchangers so my earning are from adsanse and other thing that pay me money on paypal so i only have that opcion for now Ok, that makes sense. I just don't want you to get scammed.  |
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There are many stores that take bitcoin. It's all I use to shop online. You do have to hunt around though. This may help.: http://spendbitcoins.com/ |
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Hi,
i have found a wallet with 40 BTC.
The last transaction was 2011.
Can i take the money?
Or is it not legal?
Please Help!
Best Regards!
You found the keys to a car. Can you take the car? Is it legal? Don't be an idiot. The money is yours. It is not illegal to transfer bitcoin if you have the key to do it. Having the key means it is your bitcoin. Take it and transfer it to another address before another key holder does that. Well that is obviously completely false.  |
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If Satoshi Nakamoto tell the mysterious truth about his Bitcoin and Blockchain invention and all the secrets to the media, how will it affect the Bitcoin Price ?
There is no secret in bitcoin.  It is open source and all code is available. Which is why we like open source software. If Satoshi chose to reveal him/herself, it would not change anything about how bitcoin functions. I think it would be foolish to re-value coins based on Satoshi. |
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It's called an edge because you can't predictably beat it. In fact it is logically predictable that the house is the likely winner of any bet. If you want to get rich in gambling you buy a casino, not put your money up for a likely loss.
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The simple answer is no - in all countries that I know of. However, you do need to pay transaction fees for miners.
The simple and complex answer is absolutely yes. There may be a few places like Dubai where you may not have to pay taxes. But almost every country in the world has a tax that covers bitcoin. I don't know where people come up with this notion that bitcoin is not covered by tax law. Here in the U.S. all your money is taxable. If you found a dollar on the sidewalk you would owe tax on it. It's that simple, a gain in money triggers a taxable event. |
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The problem is with fiat not bitcoin. Try, for example, setting up a bank account without showing identity.
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What do you mean governments are starting to recognize Bitcoin as a currency? They're starting to realize it as a threat to their national security is what it is. If you think BTC is going to become a legal currency, it's not. It's better that way.
I use bitcoin as legal currency all the time. Why I just bought a valentine present today, so I'm not sure what you mean? Unfortunately, your use of bitcoin as legal currency does not make it legal. Government of a country must acknowledge it as legal tender for it to be counted as legal currency of that nation. So far, no country has done so. Hence, bitcoin is not legal currency anywhere on earth. Though, it has been recognized as legal medium of exchange in many countries. So, as bitcoiner, it makes no difference to us. In the U.S. "legal tender" has a very specific meaning. Bitcoin is absolutely legal to use as currency. But to be legal tender means that a business MUST accept it for all debts. That is quite different than the question of it's status as a currency. |
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Except that it was designed as a currency and is being used as a currency more than ever.
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The government has no control in bitcoin as well as the altcoins that's why there is no tax going on between them. If you're
referring to the fees it depnds on which exchange site you will use. There's still some speculations around the forum that the
government might put a tax on them in the future. But this will be difficult because as I have said they have no control about it so
the exchange sitea that are based on their country that trades cryptocurrenies will probably the ones going to be affected .
Nope.At least in the USA, all profits are taxable. This is a fact and has been for many decades. Fail to pay capitol gains and you will be fined, could be jailed, plus you still owe the tax and interest. It is not up to the exchange to pay your taxes. It is up to you. |
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amadil
You are going to have problems with this. PayPal and BTC are a bad mix. Why not just fund an exchange account like a big boy?
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Sites that allows us to create online web wallets have no future on the bitcoin world , I know that most of the people are using them right now but It's just a matter of time until people understand how insecure these wallets are and sadly , they are probably going to learn it the hard way , means after the wallet gets hacked.
That is basically what I think also. You introduce high risk into an extremely safe system by using online wallets. However web wallets may have limited use because they have some advantages. For example I only need to remember a password and a web site to access my money from anywhere. But storing any large amount in a web wallet is foolish because you must needlessly trust others. |
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