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We already have these meetings, but it is on invite only and then the participants can talk about the meeting, but they are not allowed to identify the persons behind the talks, and what they said. We only need the secret hand shakes and then we are ready to turn this into some secret underground frat party for the "in crowd" ^hmmmmm^
They only invite the influential people they can use, not the people who make up the network of users who use the technology.
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BitPiggy
Ok, So we want people to adopt Bitcoin, but most of them struggle with the concept that you do not have to buy a whole bitcoin to own Bitcoin, right?
Well, let's introduce this in the best possible way I can think of :
Everyone has small change in their pocket every day. Someone can create a Bitcoin Piggy bank < vending machines > that converts small change into Satoshi, once it has been deposited into the machine. Transactions can be off-chain until enough Satoshi's are bought to transfer it to the blockchain. < LN? >
First time users can have their first paper wallet generated by this device and then use that QR code for future transactions and more advanced users can simply scan their QR code and then deposit the coins to be added to their Bitcoin address, once it cleared the "dust" < A limit that can be set online by the user from their website >
You also print a website link for more information on the generated wallet and for people who wants to customize their settings. < Increasing the limits until Satoshi's are transferred to the Blockchain >
Alternatively first time users could press a button to print instructions on how to generate their own paper wallets, but this might be more confusing and off putting for some people. < You want that immediate gratification >
This will most certainly increase adoption one cent at a time. ^smile^
Edit : Update - A 0.2% fee <example> can be deducted from all coins deposited to cover the expenses for the vending machine owner.
You can even link it to a App on someones phone. The QR code will be displayed by the App, every time the user wants to use the machine, but the private key will not be on the phone. Lost private keys can be retrieved by the service provider at a fee.
OK,but what`s the point to convert small change into satoshi when there`s no way to use the satoshis they get?If they are just saving the satoshis and convert more and more change there is no way to use those bitcoins offline. What if the machine gets broken and the guy puts his change but never receives anything? How will people trust such "vending machines"? Why would they not be able to use these Satoshis? The concept is simple, people dump small change in a "piggy" bank until they have enough to use it, they then break the "Piggy" bank and go to the bank to cash in for bigger denominations. < This machine will have the same goal, you dump small change into a paper wallet, and when you have enough Satoshis, you just sweep this wallet onto a online wallet and use it > People do not need to trust "vending machines" if instructions are placed on these machines for people to create their own "paper wallets" .... If they think this is a non-issue, then they can use the computer generated paper wallets, provided by the supplier. There are many different ways to do this, so let's just consider the possibilities now. ^smile^ We can even ask these guys to add Bitcoin to their machines : https://www.coinstar.com/Ask here : https://www.coinstar.com/contact |
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What am I missing here? Apart from the Block reward and the miners fees, a additional income stream are added for the miners, if they host a hub a hub manager will receive income from that, and this income might even be more than the income that was lost from reduced on-chain transactions.
Why would a miner not accept a change in the protocol that could possibly increase his income from fees?
Have you done calculations that compare Miners Fees VS Hub hosting fees? < or potential fees >
Hub Hosting Fees will cause the Miners to lose onchain Fees to any LN hub they don't host. LN is a scam. Might as well just use a Bank.  What is stopping anyone from hosting a hub? If the miners are not hosting hubs and losing income, then they should just blame themselves, not the people hosting the hubs. I think some people are making this more of a issue than what it is supposed to be. I am not a strong supporter of SegWit or the LN network, but I can see the value and the solutions it might bring to some issues we have now. Until I see a direct impact analysis that compare the "possible" loss in miners fees, compared to the financial gains that can be achieved via Hub hosting, I cannot make a clear decision. Some has obviously made these calculations and they have shown their support for this. ^hmmmmm^ |
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Since when do we complain about positive fluff pieces in the media, when the same media use Fud to write shill articles to give a negative perception about Bitcoin? Let them write what they want, we cannot do anything about that. What proof would be needed to substantiate the claims that were pushed in that article, without doxing the owner of those bitcoins?
We need more Fluff articles like this to cancel out all the negative shilling being done by bigger media outlets. ^smile^
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What am I missing here? Apart from the Block reward and the miners fees, a additional income stream are added for the miners, if they host a hub a hub manager will receive income from that, and this income might even be more than the income that was lost from reduced on-chain transactions.
Why would a miner not accept a change in the protocol that could possibly increase his income from fees?
Have you done calculations that compare Miners Fees VS Hub hosting fees? < or potential fees >
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The threat of interference will not come from governments, but rather from private companies with financial interest in the technology. They < companies like Blockstream > will push code changes that are in their favor, above the needs of the community that use that technology. They are profit driven and they will pay people to drive that agenda.
So rather look at that as a threat and not what governments will do, to interfere with development.
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Stuxnet targeted industrial control systems that are being used to monitor and control large scale industrial facilities like power plants, dams, waste processing systems and similar operations. This was such a complicated worm, that most experts deemed this as a government sanctioned attack on specific countries. {In this case, Iran's Natanz nuclear facility}
The Bitcoin protocol is Open Source, so it would be very difficult to hide any malicious code for anything like this to happen.
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Humanity has been waiting for a place to save his earnings and be able transfer it between generations without loosing it’s value. We already had gold, but it’s been difficult to hide it from thiefs, both the goverment as other kind of thiefs.
Now we have the opportunity to change it. Now we have the opportunity to conserve wealth without giving any explanation to anyone.
The only way to do this is by all agreeing that BTC is Gold 2.0
We dont need a new technology to pay the coffee.
We’ve gone throught times when the goverment decided to confiscate every single grame of gold of the citizens. We're going throught times where printing new money is devaluating our savings. This wont happen again if we all work together making Bitcoin better.
If we do not agree on which coin is the Gold 2.0, a new “war” for being it will start and this will not let the humanity move to the Golden 2.0 Era.
Bitcoin is Gold 2.0
Let’s all work together
We do need a technology that would serve the people. The Satoshi White paper, called this a Peer-to-Peer Electronic Cash System, not a technology to store wealth or another commodity to replace gold. So Satoshi's goal for this was to replace the current "Cash" system. We do not need any "war", the network of users will decide what they want from this system. ^smile^ |
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I use the Electrum Bitcoin Wallet that comes with Tails pre-installed. Just make sure you enable Persistence, or you will lose your coins. Go to Applications -> Tails -> Configure Persistent Volume then choose the option for Bitcoin Client then click on Save and reboot your Tails for the changes to take effect. Now Electrum should be using the Persistent volume.
Make sure it is the latest version, and that you downloaded it from the official site.
There, you have a anonymous OS, with a secure Bitcoin wallet with zero KYC requirements. The sad part, once you convert the coins in this wallet to fiat, all KYC regulations will come into affect. You cannot convert to fiat, without transferring these coins from your wallet to services/exchanges that converts bitcoins to Fiat. < Not that I am aware of >
The solution : Stay in Bitcoin < Use Gift cards or any other direct payment option to bypass Fiat conversion >
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Trump already made some crucial moves to strengthen the US economy. He wants to depreciate the dollar and also reduce the dependency on exports for products and services that can be produced and rendered locally. We might see some drastic and controversial changes during his 4 years.
In his mind, the US subsidized and supported other countries and neglected their own country. He might create more jobs this way, and this might reduce debt. That is to say, if the consumers use this extra income to pay the debt, and not to spend more on fast food and cheap consumer goods.
It's not as easy as it seems. Sometimes you want to do something with good intentions and you end up delivering a big mess. Trump thinks reducing chinese impact on the economy is nothing but positives, but in a global market is not as easy. Unfortunately in this system shitty mass produced crap like what the chinese does... sells very well and its hard to compete. I dont see how he can compete with US produced goods unless he start cutting US workers wages. In theory, if the US economy improves and the salaries and wages for the locals increase, people will have enough disposable cash to buy better products. They currently buy cheap Chinese imports, because they cannot afford the better products. Do not underestimate patriotism in the USA, people will pay $1 extra for something that has been manufactured locally. If imports of these goods are stopped, people will have no other option than buying the goods that are on offer. Local manufactured goods, increase job opportunities and this puts more money into people's hands. |
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What is worst? Communists taking over Bitcoin and re-distributing wealth to millions of people or for the rich to take over Bitcoin and then re-distributing this wealth to 100 people? In any way, if something like this happens, bitcoins will have zero value, because the demand for the coins will collapse.
I always compare it to a bunch of kids playing in the park. One kid, takes the ball and threatens to leave and the game is over. ^smile^
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The challenge from the community to Craig Wright is still out there. Move 1 bitcoin from the known Satoshi stash and we will accept you with open arms. He has not done this, so in my opinion he is still a fraudster. ^smile^
I should have thought people would have left this alone now, but it seems as though this fight is far from being over.
Gavin really whacked his reputation with a fish with this guy. ^LoL^
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More useful to read this forum and see some videous obout Bitcoin
Nope, I have to disagree with you. A lot of the content on this forum are a mixture of spam and shilling and mis-direction. You would be much better off, reading a well researched book, like "The internet of Money" by experts like Andreas M. Antonopoulos. I buy most of my books online and read it on my Kindle App on my phone. < Most convenient, when you standing in a queue somewhere or held up in traffic > It would take you months to sort the good from the bad on this forum. ^hmmmmm^ |
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The safest way for you to do this would be to create 30 paper wallets or even more. As you profit, transfer small quantities to these paper wallets, until each of them contain 1 bitcoin. Now find some online wallet and sweep 1 paper wallet at a time into it, and then sell 1 bitcoin for fiat at an exchange until all 30 bitcoins are converted to fiat.
This will decrease the risk of losing all 30 bitcoins, if you are compromised in any way. ^smile^
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That's interesting, however getting the liquidity is your biggest hurdle I'm sure.
Why would liquidity be a problem? The vending machine is not cashing out any large amounts of bitcoins, because it will be mostly small change. You could even show some indicator that will show how much bitcoins are available to be converted from fiat. < The vending machines out there at the moment, have daily limits configured > As you see the reserves drop, you start buying more. Your % of the fee goes directly into your funding address for you to manage this. You install this in a shop next to a cash register, where people handle cash transactions and where they get change. You can even have a tip option that can be linked to the cashier's Bitcoin address for tips. < If he explains Bitcoin to the people, he might get tips > |
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BitPiggy
Ok, So we want people to adopt Bitcoin, but most of them struggle with the concept that you do not have to buy a whole bitcoin to own Bitcoin, right?
Well, let's introduce this in the best possible way I can think of :
Everyone has small change in their pocket every day. Someone can create a Bitcoin Piggy bank < vending machines > that converts small change into Satoshi, once it has been deposited into the machine. Transactions can be off-chain until enough Satoshi's are bought to transfer it to the blockchain. < LN? >
First time users can have their first paper wallet generated by this device and then use that QR code for future transactions and more advanced users can simply scan their QR code and then deposit the coins to be added to their Bitcoin address, once it cleared the "dust" < A limit that can be set online by the user from their website >
You also print a website link for more information on the generated wallet and for people who wants to customize their settings. < Increasing the limits until Satoshi's are transferred to the Blockchain >
Alternatively first time users could press a button to print instructions on how to generate their own paper wallets, but this might be more confusing and off putting for some people. < You want that immediate gratification >
This will most certainly increase adoption one cent at a time. ^smile^
Edit : Update - A 0.2% fee <example> can be deducted from all coins deposited to cover the expenses for the vending machine owner.
You can even link it to a App on someones phone. The QR code will be displayed by the App, every time the user wants to use the machine, but the private key will not be on the phone. Lost private keys can be retrieved by the service provider at a fee.
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He might be a controversial character, but when I look at www.usdebtclock.org/ I think that is exactly what the USA needs at this stage. Obama was too passive and he also spend too much money. Trump will not reverse this debt, but he might slow it down a little bit with some aggressive market decisions. His decisions will hasten the collapse of other economies that rely strongly on the US imports and relations and these countries will fold. We will then see more people running towards Bitcoin to protect their wealth from a failing global economy. |
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Ok, I thought I would ask, but would a NSFW section on your site be doable? < Private or invite only >? Players can pay extra or VIP's can have this as a extra bonus for being special. ^smile^ You guys can hire additional people to run these NSFW/Adult sections.
I would love to play Strip poker or Blackjack against naked dealers for a extra fee to spice up these boring games. You can even outsource this section to a Bitcoin partner active in the XXX sector, if you cannot do this yourself or fund a separate site for this?
What do you think?
I think pornhubcasino has those things.  Yes, but they charge $400 for that privilege to register for that access. I was thinking of a value added feature for loyal VIP players and some invite only options for people that are into that kind of thing. You should get the whole Vegas experience when you visit these sites. Gambling is a kind of entertainment, and it gets boring after a while. < Doing the same thing over and over again > I was just thinking of something that would spice things up a little more. |
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Take a service like Xapo for instance :
You have two people registered to the Xapo service. Xapo runs their own private ledger keeping track of all transactions made between the accounts registered on their platform. These transactions are fast and almost free, but when you want to send that money to someone that are not a registered Xapo member, then that transaction will have to exit the Xapo database/ledger and move over to the Blockchain. < on-chain >
So all transactions not done on the Blockchain are called offchain transactions. ^smile^
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Only problem I see with this is the absence of any kind of trustworthy ranking system. We used to have LAN sessions back in the day, and we had 2 semi-professionals playing against us. They wiped the floor with the competition and they always took the money pot.
The other people stopped playing, because they had no chance of winning any of the games. How will you match up players based on their skill levels to make this fair? ^hmmmmmm^
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