How can the underlying technology behind Bitcoin, the Block Chain be that good, yet Bitcoin itself be bad? Does not make sense, does it? they were scared briefly, I think. They made some derogatory comments about btc, and Jamie Dimon was dead set against btc.
But now, being in league with the surveillance obsessed us gvt/nsa, they see that the blockchain technology can be used to further track people and their spending.
Nobody can argue with that I think. Banks are not affraid of bitcoin; instead they are trying to understand it and very soon will start to integrate it.
No, they will create their own coin. It's much less hassle for them and total control over it  Do you really think his intention was to hide or was his intention just to stay private, because this technology was so disruptive? He was active until talks with the agencies was established, and then he disappeared. The shelf life of Bitcoin will be gone, when the first regulated <BankCoins> comes into circulation. Take my word for it, it's just a question of time, who will win the race. Ripple has a clear start.
What would be the difference of using these "Bankcoins" over using a credit card? There are no benefits that I can think of for a person to use these Bankcoins over credit cards (let alone Bitcoin). |
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Recently I have read a debate if Bitcoin is a currency or technology. It stated there that it is a technology stock and not a currency since the governments have not approved it as a currency. I wanted to know your opinion in this debate. Is bitcoin a currency, or isn't it?
I would say that the Block Chain is the technology that handles and secures Bitcoin the currency (to those who consider it a currency). Anything can be considered as money, as long as it's recognized as such (and of course it can't be forged). This is a good read if you havent read it already: The History of Money |
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it doesn't matter even if it is true and that blah blah coin is the Number 2 coin now. it would be important if it can stay up there for at least a couple of days and not die after a week if being pumped
LOL So, do you want it to stay up there for a couple of days or more than a week? Anyways, it is definitely a scam/pump as others have mentioned as well |
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People seem to keep hoping for the currency to appreciate in value when the USD is potentially on a run that repeats the prosperity of the 1980s. That's not going to happen.
At the same time, why does BTC even need to trade significantly higher than its current price. If it wants to function as a currency, why should it be dislocated with such magnitude from other currencies?
The answer to your questions is Mass Adoption. Most people believe that the price needs to get higher and higher to achieve mass adoption. (we have seen a big increase in users when the price was at $1200) If Bitcoin stays at the same price it is now, it will never be mass adopted because there will not be enough coins (and value) to go around. Don't forget that a huge number of coins is currently residing in very few wallets/addresses. And those are the ones we know are kept in one location. There is many who keep their coins split in many smaller wallets. |
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Could this be the reason , It's like 15-20mn to get at least 1 confirmation if I'am correct ? Anyway the point is that we need some time to get transactions verified , could this actually prevent us from going to mainstream ? I mean if you want to buy something from McDonald are you supposed to wait 15mn while that's the time of your launch break ? When you are buying parking tickets are you also supposed to wait few minuts ?  It wouldn't make any sense . Honestly , I'am not even sure what controls the speed of the transactions . Transactions confirmation times shouldn't be a problem. It does however require third party to confirm the transaction for you. E.g. Xapo offers a Bitcoin Credit Card. I don't know how it works but I am guessing, if your account has Bitcoins in it then Xapo will confirm the transaction instantly. |
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Hello buddies, It would be sad story if our bitcoin get scammed.  But it does happen from time to times, as we are all human beings, we are kind of greedy, we all want more bitcoins, and we all want the bitcoin in our wallet growing and growing ... Then, we may get scammed by some online games, get scammed by gambling, get scammed by some investment programs, get scammed by ponzi schemes...etc., we send them our bitcoin base on their promising promises, but after the payment we'll never get their delivery as return ... and we may even get scammed by our best friends as well ... I've been scammed by a ponzi program called Rockwell Partner, I was scammed 5.5 BTC there. I could do nothing expect shouting everywhere it was a scammer. What did you do to fight against the scammers when your bitcoin was scammed? Sorry to hear about your loss. Just a small reminder to everyone that you should not invest (in anything) more than you can afford to lose. That being said, it is almost certain that you will lose by investing in ponzis. |
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Virwox.com is an option but they add charges that will increase the amount you need to pay for BTC at least with them i guess you are safe with currency exchange scammers out there
It's the only site I know to buy bitcoins with PayPal but the fees will kill you hehe That is true. You can deposit using PayPal and VISA. They used to accept Neteller too before. You can also try circle.com for buying using a credit card, and I thing cex.io accepts credit cards too. |
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I don't have that BTC logo in *.png otherwise i'll make some cool wallpaper.
Why does it have to be in png format? Do you mean you want it with transparent background? Which photo editor are you using? |
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It's always glad to see banking giants talking about BITCOIN technology and not only BLOCKCHAIN. I hate the guys that are trying to rip off the blockchain from Bitcoin to create their own blockchains which are basically a closed ledger without any of the revolutionary stuff of Bitcoin. These idiots are destined to fail and only the ones supporting BITCOIN will make it.
I think the title is a bit missleading. Or if you read a bit between the lines you realize that Bitcoin technology=Blockchain. Every bank has no real interest in Bitcoin. They will try to find a way to use kind of closed and permissioned Blockchain for themselves. I can't really believe any bank has interest to implement Bitcoin. Time will tell. But I trust no bank.Never ever!!! They can just use the security of the Bitcoin block chain by simply storing their information on it. That way they get the security the real block chain has to offer and keep working as they would normally. It would only make sense to do this over trying to create another block chain which could most probably be vulnerable to attacks. |
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Maybe he's still getting pm's regarding accounts and claims, and is enjoying in the mess he created. He was/is active, but he still did not remove the "Exchange bitcoins on mtgox!" from his signature, insane. It just shows how he doesn't even care what he's done. cheers It's a sad state of affairs for an exchange of that stature to have fallen from grace leaving so many out of pocket and a bad impression for those outside of Bitcoin. I wonder how the price would have fluctuated had there not have been the tampered trading data.Probably around where it is now. It does of course, also depend on market manipulators, which is probably why we are not seeing higher prices IMO. |
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I was thinking of what is deemed illegal in the way people trade Bitcoin on exchanges and wondered if much of it is illegal. I wonder what other fun stuff we can kiss goodbye to if Bitcoin was regulated and stayed within the 'Law'
I don't see anything being illegal as long as exchanges with BTC/Fiat pairs are registered and compliant with their countries laws. Bitcoin regulation can meet a middle point where mostly everything we do can still be done in a legal way, while still being regulated by minimum laws. that being said, I don't think regulation is key for Bitcoin development... And also there are some "regulations", but they don't really mess anyone's plans up, at least yet  ^^^This We'll probably see more and more (AML) Anti-Money Laundering & (KYC) Know Your Customer Policy + FinCen enforcing stuff into exchanges just like it happened to poloniex. Soon more and more exchanges will require credentials if you want to operate on there.
^^^ And this. Next step is fully and truly decentralized exchanges. Even though it would probably get on all governments nerves, it is bound to happen at some point. |
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"Whatever happened to..."
Did you forget to ask if Gox Mark is in jail, and/or why he is not in jail, yet?
Last I heard, it iwas taking the Japanese a very long time to investigate the huge theft.
Rumor is the Yakuza is very much still around and a part of business in Japan, if Mark had them in on it, it could explain the reason he hasn't been arrested yet as it should be a no brainier. If the Yakuza was in on it, Mark would have been in jail and the Bitcoins in Yakuza's wallet. They would basically find a way to encriminate Mark while they held on to the coins - for safe keeping of course |
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Hi, Scott, May I suggest that you escrow the funds to a reputable member of these forums? If you use escrow you will see a lot more interest from forum members. Good luck with the contest and your website  |
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This will never happen with Bitcoin.... Governments and banks have been working together for years, and they manipulate the value of money through control. They will never relinquish control over that. If fiat collapse, the banks would have a Plan B and the governments will enforce it onto it's people. The banks are already working on their own ripp off version of the Blockchain. They will have a centralized Blockchain solution, controlled and manipulated by the Reserve bank, and they are owned by the banks. The people will become the puppets and they will control the strings. It's been like that for centuries, why would it change now? Satoshi has given them a new toy.... and they will use it for sure. Ripple...ripple...ripple..  I couldn't agree with you more. However, those who know will choose to use Bitcoin instead of FederalReserveCoin. It is up to us to educate people and let them make their own decision on what they would like to use as legal tender. I am pretty sure that even those who are not tech savvy have looked into Bitcoin following what happened with the banks in Greece and Cyprus. Hell, I wouldn't be surprised if politicians and bankers chose Bitcoin/Crypto to get some money out of the country. |
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If the coins were really already lost in 2011/2012, wouldn't they have sold long before the 1200 peak already? Probably closer to the first real peak around the 100-260 range..
I believe that has been discussed before. And it was said that, that is the reason for the williy bot. It should be fairly easy (and fun) for one to go through the leaked database and check the transactions. |
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Eventually, the blockchain will be hacked.
I know it is decentralized and the hacker needed to have control over 51% of the network to 'hack' it! BUT, like any other hack, maybe there is a way we don't know about YET! Everything is 'hackable' from the moment it is online!
What do you think about this?
AFAIK having 51% of the network hashrate does not guarantee control of the network. It simply implies that one has greater chance of solving a block instead of the rest 49%. The other 49% though still has great chances of solving the blocks themselves. As you can see here 21 Inc. has only 4% of the network hashrate yet they solve blocks too Now, if an entity or group was to accumulate more than 51% of the network hashrate it would be in their best interest to actually use that power to solve most blocks and get the reward. Remember, that they cannot control Bitcoins they don't own already, so, think about it, what would you do? |
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I have donated some to Hal Finney's fundraiser, God rest his soul. I have also given some to friends to get them started if that counts as donations Also, I think the thread title should be: Have you donated Bitcoin? As (to me) it doesn't matter how much - it's the thought that counts |
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dont use Win XP at all because microsoft doesnt support that OS anymore! i would not recommend to store your BTC on an XP machine.
a paper wallet / hardware wallet would be a better choice or if this too complicated for you - something like coinbase with 2 factor authentication for small amounts.
a hardware wallet would be a sd card? I could do this with coin base? thanks!
A hardware wallet is a TrezorThere are others too. Just search the forum for hardware wallet |
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