I also travel into these areas too for contract work, and I am amazed at how strong the cellular networks are in these areas. Smartphones are becoming cheaper and more affordable and these people just love their phones and spend a large portion of their income on communication.

A company like 21 Inc will also come up with a solution for the unbanked in collaboration with bigger companies like Google and the Bill Gates foundation. ^smile^

At one time, when Ponzi's were still new to the forum, one of them paid out to a service called, https://www.asmoney.com/ and I had some money in there for a while. I received frequent emails with the interest I received from that money, and I still have some money stored there.

Currently, AsMoney supports Bitcoin, Litecoin, Dogecoin, Peercoin, and Darkcoin. You could drop a few coins there to test it out, and report back to us here.

There are no fees regarding crypto currencies, and only 0.5% fee is charged for local currency transfers.

Read more here : https://www.asmoney.com/compare.aspx

Disclaimer : I am in no way affiliated to this site, and just mentioned it here, because I have used it before, with no problems.

Bitcoin will remain in the number one spot for say the next 5 years, but I think something better are going to replace it soon. You will have the BankCoin vs PublicCoin and the governments will favor the BankCoin. People will then be forced to use these <Legal> coins sanctioned and backed by the governments and the <illegal> like Bitcoin and Dash.

LiteCoin and most of the smaller crypto's will fade away, once this happens. 

I do not use exchanges to convert back to fiat. I sell to friends and family and people they know, who are into Bitcoin. So there is very little threat to me, to be kidnapped by them or having my identity exposed to unknown people. Keep it in the family, my friend. ^smile^

If I may ask, why did you go for the Rubies angle? Do you think it makes the gambling easier or more complex? I never understand why sites go for a Alt coin alternative and not stay with purely Bitcoin? Sorry if I ask a misguided question, but I am intrigued by these moves.

Thanks for any feedback in advance. ^smile^

If this is true, and I must say I have my doubts, I would split the risk. Take for example 200 bitcoins and trade with those on the up's and downs, then take another 200 bitcoins and loan them out to reputable services. I would then take say another 300 and keep it in cold storage and drop the last 99 into fiat and just have fun.

You deserve a little reward for the decision you made to invest in Bitcoin that early. Oh, before I forget, the last bitcoin must come to me for the good advice I gave you here. ^joking^

Have Fun.

I had the same trouble in the beginning, and no matter which option I took, it ended in some sort of scam or attempt at someone trying to swindle money from me. I then took on a second job and invested those earnings into buying my first Bitcoins.

I used those Bitcoin to trade in and out of Bitcoins from fiat to allow me to buy when the price has dropped and to sell when the price increased. This might be your best bet at this stage.

I share your frustration buddy. Every time I think we are going forward, someone throws a spanner into the works to create confusion and panic, and then we go three steps backwards. I doubt if this is pure price manipulation, but rather some ego trip by some people to show they have influence in the community.

Mike Hearn did the same thing with his temper tantrums when he realized he was not the King on the Hill. No wonder some of the people says, they do not want to get involved with the politics and showboating.

They do not force you to use Coinbase for no reason. Coinbase are known to bend over to the governments and all their regulations and makes sure they collect all the necessary information needed to follow you, wherever you travel in the world. They will even know what you did on your holiday and what you spend your Bitcoins on.

If you signed up for their debit card, you hand all your private information to them on a platter. Just look at the detail of the information they are gathering here :

https://blog.coinbase.com/2015/12/31/2015-bitcoin-year-in-review/

It is just natural for people not to trust anyone affiliated to freemasonry, because they are known for their secret meetings and secret handshakes and influencing strategic organizations to benefit their organization and their members. You would find it difficult to change people's view on that, once it's known that you are affiliated with them.

The fact that this Round Table are once again done in the same fashion, behind closed doors, just place fuel on the fire for further suspicions and conspiracy theories. 

How many developers are working behind the scene on Core compared to Classic? If you find that answer, you will know what route to follow. I have seen a detailed road map and simple explanations on the way forward for Core and very little information on Classic.

You have to make up your own mind, but I would much rather back a stable team, who are consistent and goal driven, than someone who jumps from one implementation to the next. < Insert Gavin here >

It would help if your site was online, I was unable to access it. You did not say why you want to sell it, could it be that there were a sharp decline in new users during the last month? Most traffic seems to be on the faucet side, and I guess that side is not doing very well? < I see some companies have been paying less for faucet traffic >

I will keep trying, if the problem might be on my side.

Wow, so that means you have to budget to lose 3.5 BTC per year, just on Bot raping. That is crazy. Is there no better method to stop this from happening or do they generate traffic accepted by the advertisers? I also considered starting a faucet as a experiment, but I will not be able to take that kind of knocks, if the advertisers stop paying for poor traffic.

Is there a cost table out there, where you can see what traffic generates what type of income?

Thank you for clearing that up, I think a lot of people might end up at the wrong site, when they Google "BitX" and that might hurt your business, because both of these sites offer the same services. I guess it is too late for either of the two to change now.

I see Bitx is backed by huge companies in the area where they operate, so they will definitely not consider a name change.

This is a perfect example of ignorance on the part of the people doing this. They think they are doing something good, but they are just as bad. They blackmail people for one and they do more damage to those families, when these people are forced to pay this money and they cannot feed their wife or kids.

We should put a bounty out on them, and expose them and see how the public feel about them. ^hmmm^

The best way to do this, is to gather evidence and present it in public to ruin those people and their reputation. You use the mainstream press, with leaked documentation. The authorities will follow up on these leads and they would lead the prosecution.

Violence never solved anything before, and if you do that, you are just as guilty as the person you targeted that violence at. ^hmmm^ 

To be honest the governments could not control cash, how would Crypto currencies give them more control? There are two types of control, namely :

a. Manipulating the value of the currency < Printing it like toilet paper, like they are doing now >
b. Tracking the money flow to catch criminals < Marking notes and surveillance systems in ATM's when you withdraw it >

The New York regulation is a poor example of how it should be done. The BitLicense was just a way for them to make make extra money and to exclude poor companies and poor people from using the technology. You cannot over regulate something and think people will be happy about that.

A lot of companies was forced to leave the state, to continue doing business in Bitcoin, because it was too complicated and too expensive.

I trade with a minimum of a $20 difference, and then wait for it to drop with $20 and buy in again, when it is lower. This way you absorb some of the fees, and it is still profitable. I do not keep all my bitcoins on the exchanges too, it is to risky and I cannot afford to lose a single one.
 

Is there any affilliation between Bit-X.com and https://bitx.co/in/za/en/ ? I see both of them are offering the same type of services and the domain names are very similar? It is quite confusing when you deal with two services with the same domain name.

I thought Bit-X.com was the mother company and Bitx a subsidiary of Bit-X. Can you clear this up for us please?