I also used Perfect Money before without any troubles and even sites like AsMoney for interest on Bitcoin savings. I must disclose that this is always for small amounts, because I like to experiment and test sites and their features. You should follow the same approach, and just use it for small amounts to reduce your risk. ^smile^
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This is an excellent idea OP, because I am stuck with the same situation. My family experimented a little with Bitcoin, but they lost interest after a while. I compiled some elementary notes for them, just to guide them to some resources on the internet and also where to find my private keys.
It is important to stress the importance of the secrecy of these keys and passphrases, because if they not well informed, they might just paste this information online and all those coins will be lost. I hope someone can come up with a solution to this. ^hmmmmm^
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The world population (the total number of living humans on Earth) was 7.349 billion as of July 1, 2015. Source : http://www.worldometers.info/world-population/ - Now think about that for a while, and let it sink in. Do you think Bitcoin will scale to handle such a load? The world is also too diverse and people are sentimental when it comes to currencies. <money> We will never see 1 world currency, and Bitcoin will never be that currency, even if it happens.
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I do not know, if this site is Halal, but they trying to warn people about Ponzi's / HYIP / Scams etc. Give it a try to avoid most of the stuff going on in this sphere. http://www.badbitcoin.org/ Bitcoin is just a form of money, so you have to see it that way. You guys should create a Halal site to assist the people in your religion, if you feel strongly about this. We will use the rest, regardless. ^smile^
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Hey glandf i know you. I saw that you always play as a High roller on PD. I've checked your stats, you still have a total positive profit of 3.8 btc. Are you really serious about this? Stop this and roll that dice again, just be careful though.
The person is against the ropes and you want to encourage him/her to continue gambling? WTF are you thinking about? When someone threatens to commit suicide, it should be taken seriously and with respect. This is the problem with the unregulated Bitcoin gambling sites, they simply do not give a shit and nobody cares if people are hurt in the process. We should handle this as a cry for help, not a opportunity to push people down further. http://www.helpguide.org/articles/addiction/gambling-addiction-and-problem-gambling.htm
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Thanks for the link LCG, but it would have been even better if one of the Platinum games starts to use Bitcoin. I can already see huge games coming out that are "Bitcoin enabled" I am a strategy game lover, and I can already see the Satoshi's floating through the digital lines to my wallet. There more people asking, the quicker it will happen. ^smile^
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Almost a year ago the price was mid $200 and we were telling people to buy, because 2016 will be the year when things will happen, and we were not disappointed. The people who listened then, would have doubled their investment and then some at the current price. Will we see this again within a year, when the price hits $1000+ ^smile^
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Disadvantages -Very long confirmations -Many scammers
You have obviously not used Remittance services or international bank transfers yet, because some of these can take days. You also cannot blame the Bitcoin currency for the people who misuse it for scam purposes. If you look deeper into this, you will see most scammers operate with cash and credit cards, not with Bitcoin. ^hmmmmm^
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Why would anyone want bitcoins from down under? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Because Bitcoins are no different, if it is from down under, directly from China or made in Hong Kong. Bitcoin is border less, and nobody can discriminate against sheep shagger coins or Camel riders. The fiat currencies cannot say this, because nobody wants Zimbabwean dollars. ^smile^ A Bitcoin is a Bitcoin, is a Bitcoin.
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Africa will quickly transition to Bitcoin, because they are already accustomed to digital payment methods like M-Pesa. The mobile networks are servicing even rural villages, so internet via mobile phones will not be a problem. You just need to simplify the payment applications and wallet services to make it easy for people to use it. ^smile^
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That is something you cannot easily determine, because prices on Alt coins and Bitcoin fluctuate hourly and people trading these coins are not making a fixed profit from this. The merchants cannot say how much Bitcoin sales they will have on average, because your sales figures differ on a daily basis. ^hmmmm^ This is a difficult question to answer.
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There are no doubt in my mind that Dr. Wright do not have private keys for any of those coins. He was seeking some attention and he got some negative attention from the wrong people. The tax authorities and the local law enforcement agencies is on his case. You will wait a very long time for him to move any coins for that matter. ^smile^
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Keep dreaming. Bitcoin is going to collapse before the halving, and the price will go below $200 per coin, before stabilizing at $230-240 levels. The recent spike is entirely due to speculation about the halving. The adoption and usage of BTC is declining in the mean time. This bubble is not going to be sustainable. The only question is when it is going to burst.
You have it wrong my friend. The current spike in the Bitcoin price is due to increased Chinese volumes and this is possibly due to capital flight in China. It has very little to do with halving speculation and any bubble being created. The Bitcoin price will naturally decline after the halving event, because a lot of people will take the opportunity to sell some coins, when the price reach higher peaks than usual. Statements like this, needs to be backed by proof, and I see very little of that here. ^smile^
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sorry for my idiotic quexsstion but who created it? bitcoin? if so why companys cann use blockhain for their needs e.g. ibm and other companys shoudnt they pay a commision to have the right to use the blockhain
Satoshi Nakamoto dissapeared after he created Bitcoin and did not file patents on his technology. It is now public domain and for that reason nobody needs to pay anything to use it. Nothing is stopping these companies from trying to patent many parts of the technology. I think PayPal are trying to patent the virtual wallet part of it, and if successful other companies would have to pay them to host virtual wallet services. The chances of them being successful, with all other companies being in the same scene long before them, will make things very difficult.
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I dont think so.Satoshi will not claim it if bitcoin would be a scam.As a person on a good mindset are you going to claim things that can cause disaster in your life.Yes ofcourse if that thing will happen satoshi might go to jail because in any point of view there is money involve and thats under law specially cybercrime law.
OP is making a hypothetical scenario, not claiming that Bitcoin is a scam or that Satoshi declared it as a scam. He just wanted to stimulate discussion on this scenario, IF Satoshi come out tomorrow and declare that he created this to function as a scam, what people will do. It is still a good topic to discuss, no matter what the OP's intention was to create it. ^hmmmmmm^ If it was announced that Bitcoin was a scam, I would be proud to have been part of it, because it would be the biggest scam in human history, even bigger than the fiat banking scam and reserve currencies. ^smile^ At least, we are not printing money like toilet paper. ^ho ho ho^
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I believe Africa should top that list, because they are already moving forward with alternate payment and digital currencies. They have a vibrant cellphone network and stiff competition between service providers. If we can get them to accept Bitcoin as a national currency, they might just be able to make banking cheaper and remittance faster.
They will benefit the most from the micro payment features, because small informal trade is popular in most of these countries. ^smile^
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There are a big difference between a Public Blockchain <Bitcoin> and a Private Blockchain <Banks> In a public Blockchain everything is transparent and open to the public and it's development is not in control of a single entity. In a private Blockchain, their is NO transparency and the banks control the parameters of the development and the changes to the code.
So who would you trust between these two technologies?
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For Bitcoin to go mainstream we need both, because people's preferences differ from each other. Most people are already used to 3rd parties handling the risk for them, and they are willing to pay the price for that, but you get other people < control freaks like myself > who wants to do everything on their own. We cannot simply use one option to cater for everyone's needs. ^smile^
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I would buy some airline tickets and take my family on their first holiday in 10 years. We have not been in a position to take a decent holiday for many years now, and if I could pay for them to visit some exotic location, it would make a huge difference in our lives. We work hard, but living expenses are just too expensive to spoil ourselves on a good holiday. ^hmmmm^
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