Russia is going to recognize bitcoin,so is it a potential and big market?How can I know more about Russia's market?
The problem is Russia is that they want to regulate bitcoin instead of recognize it without intervention. They want to regulate like they regulate every single one of their citizens. The want to track every single transaction(I don't even think that is actually possible, though), and track down illegal transactions and persecute them. If Russia wanted to recognize bitcoin, then they could do it in a non- or less interventionist way. I mean look at Japan. I think that a lot of Russians already use bitcoin, just look at the Russian board. It'll actually be bad news for them that the government is deciding to track all transactions by 2018. unfortunately. |
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Honestly we should have more of you, sir Ben Perrin!  Just really awesome to see someone who doesn't talk about all the code that is behind bitcoin. I think that the Bitcoin ATM is cool, but not really that great for someone that lives in a rural area and doesn't have access to a bitcoin ATM straightaway as they would have to drive hours to get to that ATM anyways. And most countries doesn't even have a bitcoin ATM. But you're lucky that you do, so enjoy that priviledge  And keep up your videos! They are amazing. |
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The European Union's central bank today once again shot down the idea that it might use distributed ledger tech as part of its market infrastructure in the near future.
Published alongside the latest annual report from the European Central Bank, released on tuesday, was a feature on the tech. While largely written in broad strokes, the paper reiterates a position expressed in the past by ECB officials – namely, that the central bank isn't likely to tap distributed ledgers in the near future.
Do you think eurozone central banking should embrace distributed ledger technology?
Yes. Why? Because it is of benifit to themselves. Even China is thinking of doing it and already taking action upon it. I can't believe Europe isn't. Fact is that it'll be easier for them to keep track of everything(except in countries like Switzerland i guess where privacy laws are strict), easier for them to create and distribute currency, and transactions are immutable. Dunno why they don't like the idea. |
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I believe everyone will love this speculation. Read on this here : https://www.cryptocoinsnews.com/bitcoin-price-hit-500000-2030-says-snapchats-first-investorThey are not just throwing blind balls but come with solid evidences to support their speculation. Usually both positive and negative speculations will occur quicker than expected. We may speculate price levels some what accurately but not the time frame. So, time of 2030 may shrink to 2025 too, what you think ? Actually I would not be surprised if bitcoin did reach half a million dollars in 2030. However as you said, it is all pure speculation. There is no technical analysis, but in certain circumstances a good speculation is more reliable than technical analysis as it takes into account people's emotion and other stuff. I think the scenario if bitcoin did reach half a million bucks by 2030 would be a total collapse of the fiat protocol and bitcoin takes centre stage. That is the most likely scenario to happen, since half a million dollars would be worth a lot less than it does now. It is always interesting to hold something that can rise in value so quickly like bitcoin in your possession. Makes a great investment. |
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I used to buy a coffee from time to time with bitcoin.
But I can't use bitcoin buying a coffee now, because the fee is so high, if I keep 0.0001 fee like before, it would take days for the transaction to get confirmed, I've got a transaction which took 11 days to get the 1st confirmation last month.
It's not cost-effective any more to buy (I mean both online and buying face to face) thing via bitcoin. And this is why I quit buy coffee with bitcoin.
Bitcoin was definitely not designed in the first place to pay for f2f transactions. I think that what most people would agree with me is that bitcoin was originally designed as a payment network over the internet allowing people access to banking without a bank account, and people are also able to send money overseas without incurring any charges. But I think if bitcoin is able to accomodate for f2f transactions as well, that would be awesome. And right now, the transaction fees are way too high even for me who usually doesn't give a damn. It's basically a dollar on average now, compared to a few cents that you had to pay a few years back. And when a coffee is only costing you like $3 or $4 max and you have to pay $1 extra on top just to use bitcoin? No tahnks. |
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Only a year ago Russia’s Finance Ministry was threatening jail time to anyone using digital currencies. In a major U-turn, it’s now edging closer to their acceptance as a legitimate financial instrument to open a new line of attack on money laundering. The authorities hope to recognize bitcoin and other cryptocurrencies in 2018 as they seek to enforce rules against illegal transfers, Deputy Finance Minister Alexey Moiseev said in an interview. The central bank is developing a joint position together with the government on digital currencies, according to its press service. https://www.bloomberg.com/news/articles/2017-04-10/russia-caves-in-on-bitcoin-to-open-new-front-on-money-laundering
I'm not sure If I should be happy or sad since they are planning to Legalize bitcoin but in the same time, tracking transactions. I'm not entirely sure on how they plan to do it though and how It could be possible unless they are planning to run their own exchanges. I believe that Russians will need TumbleBit whenever this will happen. Very interesting. I would have expected that another country than Russia would do this first, like China. As we all know China has already got some ridiculous rules on withdrawal and deposits on exchanges, you have to show your proof of funds, where it came from and whether or not it was legally obtained before you can even withdraw any bitcoin or CNY from Huobi, BTCChina, etc. It would be a challenge for them to track EVERY transaction though. There would be a lot more transactions to track in 2018 than this year, not to mention that the amount of transactions are already pretty high this year. And to link each transaction to a person's name is just improbable if not impossible to do, especially if people know that they are being tracked and they use coin mixing services such as Bitmixer.io or BitBlender to anonymise their coins to another level. |
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Hi guys i would like to ask if you know some site that allow to deposit bitcoin with small amount like $2 maximum or less?
I saw some wirex with ecoin but their apps is not working to me.
Can suggest any other VCC that accept bitcoin thanks..
Try advcash.com and Xapo. For Xapo it's really simple although I think you need to verify your ID before you can use their services, which if you are willing to do then is fine but if you are not willing then there is a problem there. Advcash on the other hand, you don't need any ID as far as I know, they are a fiat payment processor but you can easily exchange your bitcoins to Advcash USD on exchange sites like changer.com, or you can even deposit fiat or bitcoin directly onto their site, but with a lot more fees and bad rates for bitcoin conversion. Good luck with this, and make sure you don't fall for scams. Like spectrocoin is quite dodgy, don't use them. |
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I just heard about them but they have alot of sponsors on their site claiming that they are legit.
So my question is if anyone has used them yet?
Will you need to submit your identification after you deposit your bitcoins in and request for a withdrawal of cash?
And are they available outside of countries of Europe because after looking what they have as a description on their front page they use SEPA transfers which are used by banks within Europe.
So citizens in the Americas are not allowed to use their service if they want to eventually withdraw to a bank account that doesn't use SEPA as a service?
Any advice on this site would be appreciated.
Thank you.
They are legit. But look at Bitlendingclub for a second as well as BTCJam, who were two perfectly legitimate companies that shut down. Bitlendingclub probably got more in return for the lenders because BTCJam just shut down without any warning, any announcements, and to this date they haven't released any public statements about why they shut down and why they are not returning. Probably because the high fraud rates though. There are people literally SELLING hacked BTCJam verified accounts, so if someone gets ahold of an account like that with a good lending history and offers very good interest you would be like oh, what a great opportunity. But in the end you'll get SCAMMED and you can't get anything back because the owner will rightfully claim that his account was hacked and it wasn't him that asked for the loan. I would suggest you look into Poloniex and Bitfinex lending because there is almost no risk lending to people there because they have altcoins as collateral. Once they lose a certain amount of money they are forced to liquidate whatever they have and pay you back the loan. But there is still a counterparty risk of poloniex ond bitfinex, whichever exchange you use running with your money. And with the hard fork coming, i think it's a much better idea to just let your bitcoins sit there. Poloniex said that lending offers that get matched before the fork will be only paid back in Bitcoin Core coins if i am not mistaken. So bad deal, you aren't getting two coins. You're only getting one. |
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Is there any plausible scenario where the number of bitcoin users and transactions continues to grow exponentially but somehow the price of bitcoin stabilizes to a specific range and doesn't fluctuate much? As in we get 100 times more users and transactions but the price remains around what it is today?
More users should make the price stabilise. But whether it stabilises the price within the range that we are in today, which is around $1000 to $1200, then I don't know. I think it is much more likely for bitcoin to have a rally as long as the user base increases. Once there is more users then there will definitely be a lot less speculation. Or rather the force of regular users will outweigh the speculators in the open market simply because there is so many users. Just like fiat currencies, you see a lot of forex traders but in general fiat currencies against other fiats don't crash or rise that much in a short period of time like cryptocurrencies right now are. It would be really interesting to fast forward time and see what happens ;P |
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So I tried this strategy at a dice site and I'm thinking of the odds of winning
So I set the chance of winning to 92% and start with minimum bet of 1000 Satoshis with profit of 76 Satoshis
Now, I could win like 9-11 times in a row, sometimes higher and lose
After losing, what would be the chance that I could lose again twice in a row?
I'm thinking of if I lose with that settings, I could go all-in with higher bet since my chance winning is higher.
What do you guys think?
Well, let's do the maths here. The odds of losing on the next roll is still 8%, because each roll is independent. But if you look at it before you do the rolls, then two L's next to each other has a probability of 0.64%. However, if you have already hit a L on 92%, you can't say that the next roll I do only has a 0.64% chance of losing. It still has a 8% chance of losing. It is fairly common for 3 reds or even 4, 5 reds to occur on 92%. In the end it doesn't matter because the house will always win. Some day your luck will run out, and you hit on the house edge. |
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Hi guys!
Everyone in Oshi including myself is very curious how do you choose the casino to play in?
What's the most important to you? Bonuses? Or something else?
For me personally it's the website's design and the number of games offered.
Honestly, I don't really give a damn about bonuses and i don't think that many other gamblers care about the bonuses either. Because usually what happens is that they offer you a very lucrative first deposit bonus, something like 100% matched deposit, but then you look at the fine print and you realise that it is completely not worth it because the wagering requirements are outrageously high. The thing is that I love to chat with other fellow gamblers when I gamble, and have the chance to tip them and give back to the community. The community matters so much to me and I think a lot of other gamblers, that is why JD was such a phenomenon when it first came out, as well as primedice when it added the chatbox. I think the element of being able to trade with other gamblers, help them out when they need it(of course most of the times it is a bad idea to lend any money to the gamblers at all), and get some help when you need it. Also faucet, it helps you pass time if you don't have any money. |
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Is there universal bots out there that is compatible with most exchanges or is there only specific bots created for a specific exchange?
Is there any free bots?
Im using poloniex and staring at the screen all day isnt healthy lol. Yes you can make more profits with manual trading but you lose more of your health. A person with bad health with $million profits made is pointless for that person if the bad health leads that person to an early grave or something.
I dont mind getting few % returns. Yes manual trading you can get more but you're sacrificing your health and time for it which are 2 things that is more important than money/profits.
Thanks,
I'm pretty sure that most bots you're going to find are directed at one single exchange instead of having a ton of exchanges that it supports. But with Sampey's bot you can buy certain APIs that are compatible with different exchanges like Poloniex, Bittrex, and the big chinese exchanges that nobody uses anymore after the chinese government put in the ridiculous restrictions on withdrawal of bitcoins like Huobi. Here's the link: https://bitcointalk.org/index.php?topic=507103.0It is quite pricy though, it is around something like 0.03 to 0.075 BTC for one API. I suggest you look into Gunbot as well, although that only supports Poloniex. But i think returns are pretty much guaranteed on that one. |
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Hi! We are Blockonomics.co, and we are a startup working to provide decentralized and free services that work with bitcoin. Right now, we've created: - A free Peer to Peer Invoicing Solution
- A tool to generate receipts for every bitcoin transaction
- A free Wallet Watcher which will send email updates for your address(es)
- A free merchant integration to accept BTC directly without going through KYC/AML or any middlemen
- A fee wizard to estimate the appropriate fee you should pay for your transaction
We want to ask the community: what features would you like to see in the future? We're more aimed towards implementing free solutions that simply work, without going through lengthy verification processes. Great examples of what we mean are BitSquare and OpenBazaar. Oh, and we're also launching a new service in a little less than 4 days that will allow you to send bitcoin via email. You can get early access here. So, what do you guys think? Any new ways we could give back to the community and help adoption? That's great. But I think that it has already been done before. There are a lot of freelance bitcoin sites or job sites that offer to accept bitcoin out there. There are also escrow sites that also offer a "peer to peer invoicing solution". However, I like the tool to generate a receipt on each transaction. I don't think that has been done before. Wallet watcher? Well if you use Coinbase or Coinjar, you've already got that function inbuilt. A fee wizard? Already done as well. But I like the idea of putting all of these things into one functional site. It should be interesting. Good luck with your project! |
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I am still wondering why I still have to see many digital marketers using and accepting Bitcoin. I hope that soon Clickbank, JVZoo and Warrior+ will soon be accepting Bitcoin as one of the many ways to pay for their digital goods. I think that the market for digital goods is very big and with Bitcoin the market can even be bigger.
More and more buyers can be generated if they start to accept Bitcoin and other digital currencies. As they are into digital products, digital currencies should have been at the top of their payment facilities.
What do you think can be the advantages and disadvantages if digital marketers will finally use Bitcoin on a massive scale?
Hey there Tom, Well bitcoin is still quite new to most people. If you walk on the street and ask random people about what they know about bitcoin, most of them will be like "is this guy insane"? Bitcoiners spend a lot of their time on bitcoin forums, like me. That is why we can get the perception that a lot of people already know and use bitcoin, and wonder why the hell are so many merchants not accepting bitcoin. It could be costly to implement in big companies, as they have to make sure that everything is in order and they don't get hacked. But there is really no incentive for them to add bitcoin as a payment option when they make a lot from accepting credit card payments, even though they are charged a fee to accept CC payments and carry the risk of fraudulent transactions.. There will only be incentive once there is more bitcoiners actively using bitcoin, and asking them to accept BTC. |
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Finally, the Japanese government accepted bitcoin as a legal payment!BTCWant some insights or a quick guide into how bitcoin works as a currency in Tokyo? What kind of products and services we can buy using bitcoinsBTC? What app should we choose to trade bitcoins? Or even how’s the Sakura going on under the landmark Tokyo Tower? Yes, way too many questions! Therefore, we invite Ruby as our Tokyo bitcoin guide to help you discover more about Bitcoin & the City.
Just by watching the video below!  If you couldn't open the video, just click the link here:https://www.youtube.com/watch?v=FfJG6iVeRfIorhttps://www.facebook.com/bitkanofficial/videos/1826169514312062/In case you don’t have Wi-Fi now and neither do you have an unlimited data plan, we have prepared a quick preview for you: Ruby from BitKan which is a very aggressive and professional Bitcoin agency, in a city full of innovation and wonders, discovering every single possibility of our beloved Bitcoin, this whole thing could totally appeal to you. And to add spice to this documentary, she accepted our challenge of living in Tokyo only by bitcoins for 72 hours! As soon as it began, she rushed to her favorite place in town, which of course is the National Museum... no way, just kidding! It’s a bar. Ruby rushed to a bar in broad daylight! But, drinking is just like marriage, you need to choose the right timing! 5 o’clock in the afternoon is of course not a good time for getting drunk. Maybe that’s why this bar won’t open until 8 pm.  Still, nothing could stop Ruby to get a taste of Tokyo nightlife. She made the second charge into that bar, and this time she succeeded.  But how to pay in bitcoins after you get a little bit tipsy? There are two methods for you, so please stay sober and read on:  1, By using a Third-party Bitcoin Payment app. Some apps in Japan could ensure the instant transfer of currency by using third-party payment, and the rate will be automatically calculated. This actually is as quick and easy as WeChat Pay, only in bitcoins. For instance, Ruby this time used CoinCheck to pay her bills. All she needed to do is scan the QR code and press “confirm”! 2, By discussing the rate with the merchant and transfer bitcoins with BitKan app. This method is widely used among small merchants. For instance, when Ruby was renting a Kimono, the shop keeper decided his own rate.  5000 Yen (around 50 USD) = 0.5 BTC!!!!!!!!!
(You must be kidding me! I will give you 500 USD for 5 BTC please!) OK, it turned out that the shopkeeper was not that good with numbers. And it should be 0.05 BTC. Anyway, we should keep it in mind that the exchange rate might not be fair, and Visa or MasterCard is still a better choice.  (obviously Ruby doesn’t care about the exchange rate at all! Stay happy, girl!)
Q: How many dollars did Ruby pay in Bitcoin to rent the Kimono?
LEAVE YOUR ANSWER and YOUR IMPRESSION OF VIEW on the comment, leave your BitKan ID number, you will get a surprise! This is incredibly awesome!!! Can't stress enough that bitcoin is supposed to be used in day to day life. Many people are using bitcoin as a speculative tool, like penny stocks. But that shouldn't be the case. You should be able to send payments in less than 5 seconds to another person, whether you know them or not, and whether that person is overseas or right in front of your face. As we can see though there is still a lot to be done before we can safely say that living off bitcoin is easy. You have to travel long distances if you don't live close to the city centre just to buy something with bitcoin. Hopefully, more merchants will start accepting bitcoin soon. |
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If, after how long?
Like, do they come back to my wallet? I heard 72 hours somewhere?
I think you may be talking about pending bitcoin in your wallet. If that is the case then there is really nothing you can do at this very moment because the miners determine which transactions they want to put into a block and which ones they don't. I suggest that you take a look at a transaction pushing tool called viabtc accelerator. Link is: https://www.viabtc.com/tools/txaccelerator/There is also one made by BTC.com but it's paid to use. This one's free but you have to wait till ViaBTC mines a block. |
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Has Gavin changed his proposal to a one-time increase to 20MB or is it still an increase to 20MB with an automatic 50% increase per year? I would support the first, and strongly oppose the second.
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I believe that bitcoin will plateau at $5000 or above within 20 years. It may someday go much higher, but I believe that is decades away. So I think that it is safe to buy at any price below $5000 as long as you are willing to buy and hold. If you plan on selling soon then this is probably not a safe time to buy. I would not be surprised if the price falls below $300 once or twice more on its way to $5000+
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Decreasing the block limit (note, not required block size) in the future would not be a hard fork, it would be a soft fork.
It won't be a soft fork, it will be an impossibility. The miners of the future will be few in number and hostile to the ideas of bitcoin. This is the reality that we need to design for. Entities in control of a node will want to keep the price of maintaining a node as high as possible, so that they can control access to the information in the blockchain. |
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I'm not sure, if I missed something, but why isn't block size limit defined dynamically based on previous usage (plus some safety margin)?
Powerful entities would game the system, turning it into a proof-of-bandwidth system, which would be a bad thing. |
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