So there's a guy on Black Market: Dispatches, Dark Web, who takes cash from people, and on his phone transfers bitcoin into people's accounts, while taking a 15 % cut. All this in an effort to add another degree of anonymity for his customers who you would assume are planning to use the bitcoin for nefarious reasons. This episode was filmed just about a year ago. So is this happening in larger cities, the emergence of the street corner bitcoin guy? Or did I just see places on the net already offering bitcoin anonymization services that do the same thing for much cheaper?

However this idea may get rejected by majority of community members as this involve reversible transaction and all love bitcoin because bitcoin is untraceble as well as non-reversible.

Hhahahaha no.

To send a message through the blockchain, you would need a means to store it - A transaction. To create a transaction that will probably get through to the next block, you'll need a transaction fee usually more than 20 cents. I wont pay 20 cents for an email.

In addition, it will take 10+ minutes on average to send an email, and your message will be public, but encrypted (hopefully). What if someone decrypts it, huh?

I still don't think that ECB is really taking virtual currencies serious.
Maybe some people way down the command line have a realistic view on what a crypto currency can or can not do.
But for the level where decisions are made, crypto is still too small by far.
I can not imagine that they would use their time to even debate about it.

Although it's a cool name, I don't think that articles written by a guy who calls himself Tyler Durden shuold be considered to be a realistic scenario of the future.

There are still blocks mined without adding all the possible transactions.

435062 (Main Chain)   2016-10-20 03:56:27   SlushPool   0000000000000000022a3b75e78da369c5f764d89075150ae7f7f01963e318e9   0.19
435081 (Main Chain)   2016-10-20 07:34:09   Telco 214   0000000000000000000368f0d5217977fa1b19112ea7da46b856f79fb041ec61   749.02

The last number is the size in kB.

The pool software or something needs fixed/optimized along with the increasing tx fees.

Thanks for your reply and thanks for the great link, I have bookmarked it because I think it's really helpful. But I can't agree that this is like an auction because in auction only one person wins a lot, so to win you should pay more than others. Here we have a slightly different situation - to be the winners, or in other words to have our transactions confirmed fast, we just shouldn't be among those who is paying much less than others.

Well, I haven't noticed any delay today. I made a transaction around 30 minutes ago and with transaction fee just slightly over 20,000 sats it took less than 5 minutes to get confirmations.

So I'm wondering are all those delays happening because very low transaction fees were included or you might have a delay even with higher transaction fees?

Bitcoin will lose their position of gold of cryptocurrencys, this is just the beginning of this era, let's wait some decades and see all holders crying. A lot of new alts will appear, hope one can be good.

Second, given that virtual currencies are not in fact currencies, it would be more accurate to regard them as a means of exchange, rather than as a means of payment. Additionally, the proposed directive’s definition of ‘virtual currencies’ as a means of payment does not take into account that in some circumstances virtual currencies can be used for purposes other than that of a means of payment12. As noted by the Bank for International Settlements (BIS), the distributed ledger technology underlying many digital currency schemes could have a much broader application beyond payments13. In this respect, the FATF has noted that non-payment uses of virtual currencies may include store-of-value products for savings or investment purposes, such as derivatives, commodities, and securities products14. More recent digital currencies, which are based on more sophisticated distributed ledger and block chain technology, have a large array of uses that go beyond payment purposes15, including for example, online casinos In the light of the above, the ECB suggests that the proposed directive also refers to other possible uses of virtual currencies in the proposed definition of that term.

The ECB suggests adapting the definition of virtual currencies under the proposed directive to take the above points into account.

I see, thank you for the info you give me to avoid mistakes.

Could you please telle me

1. where to buy litecoins for euros?
2. in what market to trade them?
3. HOW to trade them?

Any info would be valuable for me.

Does Coinbase pay miner fees?

Aug 23, 2016  
Yes, Coinbase pays the miner fees on external transactions in order to ensure these transactions propagate throughout the bitcoin network quickly. For very small transaction amounts you may be prompted to pay the transaction / miner fee.

Miner fees are a small amount of digital currency that is included in transactions as a reward/incentive to the people who operate the network. They help the network continue to grow and provide an incentive for your transactions to be verified quickly.

Remember, Coinbase to Coinbase wallet transactions are always free of fees, no matter how much you are sending.