i think there is need for a basic course for anyone that wants to present Bitcoin to others. The question is not clear, but I know M-pesa it just an exchange site where you can buy and sell your Bitcoin
Did you even do a little bit of research before you posted? M-Pesa (M for mobile, pesa is Swahili for money) is a mobile phone-based money transfer, financing and microfinancing service, launched in 2007 by Vodafone for Safaricom and Vodacom, the largest mobile network operators in Kenya and Tanzania. It has nothing to do with Bitcoin. ^hmmmmm^ BitPesa is a payments platform that offer an easy way for individuals and businesses to make payments to and from sub-Saharan Africa. |
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Frankly, I'm not sad about it. ChangeTip was a centralized service that actually undermined real Bitcoin use and if used imposed obstacles, risks and costs on tipping. It also reduced privacy. To tip another person all you need is a Bitcoin address. I don't see any benefit of using ChangeTip for this purpose and I wouldn't have thrown seed money at such kind of business ($3.5m for what? - a simple app). It doesn't surprise me that it failed to gain traction, because a real Bitcoiner doesn't use it and all other people can't see a reason to register at a service to receive minuscule amounts of a currency they are not familiar with.
So I shed no tear seeing ChangeTip shutting down. It's about time to use the real thing again. And even the lolly purchasers will soon be happy after SegWit and LightningNetworks are going live.
ya.ya.yo!
You know that unclaimed tips goes back to the sender? I could not disagree with you more at this moment. ChangeTip was launched to showcase micro tipping on multiple platforms, which would not be effective with any other payment methods. I can still remember when Microsoft started to accept Bitcoin on it's XBox platform, and how people reacted to the Free money that were tipped in r\Xbox. We should not underestimate the influence that this application had on Bitcoin adoption or expose to the technology. I for one, are sad to see it go. |
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If you still need to move between Bitcoin and Fiat, you will unfortunately have to make use of third parties to do that. They link your bank account to their services and that way you can buy and sell Bitcoins and then have that converted to fiat and deposited into your banking account.
Most of us, use services like Localbitcoin or we just go to meetups, where we trade between fiat and Bitcoin directly. The only option to own Bitcoin, is when you have sole control or access to your Private Key. If you share that knowledge with other services or transfer it into a service where you do not have access to the private key, then you do not own it anymore. < strictly speaking >
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We are close friends of a family in our area, where the wife is a bank manager of one of the local banks. She has gone to some seminars about Bitcoin, that was hosted by the bank. She says, they do not fear Bitcoin, because banks have the support of the government and Bitcoin is still in a grey area.
She is also confident that Bitcoin would never disrupt the banking system, but it might grab a percentage of their customers. The banks will always have a role, whenever fiat is involved. They have the monopoly on fiat with the help from governments. ^hmmmm^
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I came back from school like 3 hours ago , I first checked preev.com and the price was 747$ or something now It's currently 715$ . I now know for sure that this definitely some manipulation by some rich millionaires and It has nothing to do with India cash news. Feel free to share your thoughts !
Do not look at the short term volatility and panic, because it's loaded with mini pump and dumps. The long term is a much better indication of what is happening, because it gradually grows stronger over time. Just a year or more ago, it was averaging out at +/- $400 and now it is in between $600 to $700. The day traders are making a ton of money, playing off these mini Pump n dumps, but it is not for the weak at heart. |
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I doubt if the Trump victory had any immediate impact on bitcoin. The price was already rising two weeks before the election and during that time, Hillary was expected by many to win the election. Maybe after a year of being in the office can something come out that might affect bitcoin directly, like international policies, trade issues and working relationships especially with China and Russia.
It did have a immediate impact, I think the price rose with 7% just after the election result were made public. It will cause more uncertainty and doubt over the US economy, until Trump has officially implemented his policy changes. He made no secret that he does not like China and their influence over the US economy. Russian relations on the other side, will cancel the influence that his problems with China will have. So Bitcoin mining being dominated by China, might face some political challenges under the Trump presidency or Trump might stand up to this challenge and compete locally with China. < Tax rebates for US companies involved in Bitcoin mining > He said, he wants to create local jobs, did he not? |
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It will still work, but at one stage they will replace that card with the re branded version. Did they not send you a email or communicate these changes to you? Have you tried to activate it, or are you hesitant for other reasons? Their customer support will give you all the details, once you activate the card.
The communication might just have gone out to people who have activated their cards. ^hmmmm^
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It is nice to see the older people getting involved with Bitcoin. I think someone must make a video where the Grandma is explaining Bitcoin to the Teenager. Now, that would be funny, because it is always the other way around. Come to think of this, I am the oldest in my family and I have to explain this to the younger bunch. ^smile^
I find that it is easier to explain the concept, if I use the mobile Apps. The younger kids are on their phones for most of the day, so they get the concept quicker, if you use the mobile phone as the wallet.
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We have a Cameltoe situation in Bitcoin, because the community is split in half. ^smile^ The one side wants huge scalability with big blocks and the other side wants to scale as it grows. While these two groups fight it out, the R3 group of banks and other Blockchain fans are developing private ledger systems to compete with Bitcoin.
We will have to see if Bitcoin will survive with all the Billions being dumped into Blockchain alternatives. ^hmmmmm^
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Circle built their userbase on Bitcoin, and then they changed their business model to bend over to KYC/AML regulations. This is like Daniel spitting in the face of Mr. Miyagi {Karate Kid I} after he trained him. Bitcoin was the mentor and Circle cut their teeth on this technology, to find a foot hold in the community.
Circle has already shown their colors, and they will not change. < Money chasers >
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Once again the format of the discussion is swiftly devolving into which "side" has the more sinister boogeyman. Every damn time.
Just for once, can we not leave the personalities and corporations out of it and shut up about Gavin/Blockstream/Hearn/R3/etc and how evil they all supposedly are or aren't? It can't be that difficult just to discuss ideas on merit, rather than speculate on the agendas or motives of people and companies you've probably never even met. And no, I don't care if you have met any of them. They're still baseless accusations of intent. You don't actually know what any of them really want.
C'mon, just this once. Please.
Code > Motive/Agenda/Intent/etc
Yea, I am also sick of all the Big blockers and Gavin fanboys and Small blockers fighting each other. The discussion should be about Bitcoin, and if XT/Classic/Unlimited would have had any influence on the success of Bitcoin, not the right or wrongs being done on both sides. I think it had a influence, and we would have been much stronger, if they did not exist. ^hmmmm^ |
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A DarkNet market will only attract negative attention and should be avoided at all cost. Some of the exit nodes on Tor have been compromised before, so anonymity is not guaranteed on all nodes. Your options are also limited to people who has the knowledge to access these sites, so it will be a very restrictive market share.
Stay away from the under belly of the beast, it might shit on you. ^smile^
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Dean did the right thing, but he could have been a bit more subtle. ^smile^ In many of these sites, beggars take over these chat channels and they spoil it for everyone. A temporary ban normally solve the problem, but some people do not get the message, and then they get permanent bans.
These people are helping others to stimulate a gambling habit, not to fund their gambling habit. I compare it to the testers being handed out at the stores. You get a taste for the product, but you have to buy it. < Nobody gets a free lunch, there is always a catch >
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Yes, It can influence you in a big way, IF it was allowed by your government. This technology opens up global markets for poor people. The cheap micro payments makes it possible for people to send $1 to someone in poor countries, and they would still get the lion's share of that money. Try sending $1 to someone in another country through traditional remittance services and see how much you have left, after fees have been deducted.
Charity organizations can now effectively use Bitcoin for crowd funding, because the receiver gets almost the full donation.
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Satoshi developed the protocol to force people to stay honest, because it is in their best interest to do that. IF a bunch of miners or a pool managed to do this once, then the whole integrity of the network would be compromised and the people using this currency will abandon the experiment by selling <dumping> their coins.
They will be left with coins of zero value and they will also not be able to mine anymore. Why would you want to do that?
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Although this assurance does come with plenty of cons, I think it's still good that these traditional licensed gambling sites are starting to accept bitcoin(even with a third-party payment processor) since that's adding another 'choice' for the users.
From a bitcoiner's perspective of privacy, it is not a choice. Because licensed casinos will always force KYC, which most bitcoiners are NOT OK with. It does however give you the opportunity to use your "legal" coins at a legit casino, when you want to. The coins that you bought through a exchange that adhere to these KYC/AML regulations. I just hope these exchanges will not block the legal casinos, like they did with the other "illegal" casinos. These regulated casinos are feeling the heat from their gamblers moving over to online Bitcoin casinos. Their 30% house edge are just not cutting it anymore. ^smile^ |
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A currency has to be public for people to validate the transaction, without the use of a trusted third party. The private Blockchain technologies that are being developed now, will use the banks as the trusted third party. < We do not trust them >
They can manipulate/control/monitor/block/hide transactions with private Blockchains, and that is exactly why this technology is so attractive for them. They cannot do this effectively with cash anymore, so they will ban cash next. We are already seeing this in India. < They are banning the use of larger currencies >
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Not anywhere near as appealing as a Decentralized currency.
The general public probably wont care if a currency is centralized or decentralized. I have no faith in the sheeple, as long as they get paid and can buy the latest iphone with it they couldnt give a shit. They will also swallow all the "Ban Bitcoin, it is only for drug dealers and child porn" propaganda. It will help adoption of bitcoin as a matter of fact.
As I stated previously this is exactly what will kill bitcoin. Governments and central banks will not tolerate direct competition from bitcoin to their shiny new, fully controlled, bank issued crypto. The public do not care now, but once they lose the freedom that cash offer them now, they might appreciate Bitcoin's pseudo-anonymity more. The other thing is, Bitcoin is out there and it is a decentralized currency that cannot be stopped now. If it has to, it can go underground. < Black markets > They will also not ban it globally, so you can cross borders and use it in the countries where it is not banned. |
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 I also have this problem, and the way I tackled this, was not to ask Grandpa to do this. I asked him to ask a friend or other family on that side to help him create the account on LocalBitcoin. You cannot expect people to figure out this technology at their age. < The world is moving too fast > Send a short demo video, if he has no friends to help him. < Snail mail > |
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Hi guys,
what would be the pros and cons of letting customers pay with bitcoins on Ebay? (especially if the transaction is cross-border)
Pros : ~ It gives you a alternative, if other payment options are not available to you for some reason. ~ Bitcoin has been the best performing currency for many years ~ You pay less for the transaction, due to smaller fees < No banks or remittance services needed > ~ Cross border transfers < remittance > is cheaper. ~ The transactions are fairly quick and you do not have to wait for bank transfers to go through to fund your account. ~ You can use them as a reliable Escrow services. Cons : ~ You will have to rely on eBay as a third party and Bitcoin was designed not to use third parties. ~ eBay will add fees for their services, which will make Bitcoin transactions more expensive. ~ eBay can manipulate transactions, like they are doing now. < centralized control > |
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