Btc.com is already known to be trustworthy in the community, so I suggest that sivesta should use that. Blockchair.org is new, so be careful with that service. |
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It is safer to trade stocks because all the brokers thats holding all your money is operating under a regulatory body that protects its customers' and clients' money. We dont have that in BTC trading. An exchange can always run away with your coins at anytime.
Whats more profitable will depend on how good you are in trading. A good trader will say they both are.
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Use btc.com's BCC webwallet. They are good enough for small amounts just like blockchain.info. If you have a bigger amount of BCC then always use a desktop wallet. Electron Cash is available if you want an SPV wallet and of course there is the BCC wallet if you have the resources to download the whole blockchain.
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After the shutdown of BTC-e and bitmixer.io, this looks like some of the other exchanges are now being paranoid. You have to understand that they are protecting themselves from the slightest mistake they could make and have Uncle Sam come after them next.
You have to be patient. They are a licensed exchange and because of that you have to understand that they have to take a few extra steps to make sure that everything is legal. But yes they are slow.
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I had the same problem but I gave them all the documents they needed like proof of identity and proof of address and I had my account available again for deposits and withdrawals. Ever since the market boom, the exchanges have been becoming more strict lately.
It would also help to declare that you have other verified accounts on other exchanges. It makes it easier for them.
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Decentralized exchanges, decentralized darknet markets, trustless mixing are not available yet. But anonymous cryptocurrencies are. You say its Monero. Ok. Why dont the people who have something to hide start using that?
Decentralized market places will be the next one coming with Open Bazaar leading the way.
I think the people trying to hide are definitely already using Monero. There was some XMR confiscated at Alphabay, for instance. The problem is that there is not much liquidity. Until it is much more widely accepted (and an economy is grown outside of centralized KYC exchanges), it's difficult to use much else than Bitcoin. Not everyone of them. If they all were starting to use Monero then the price of XMR would be mooning right now surpassing Ethereum in coinmarketcap.com as the 2nd most valuable cryptocurrency. The darknet is more huge of a market place than the ordinary person think. Soon most of the cartels will start having their presence in there. |
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Which country would be the first to eliminate fiat and convert to crypto fully? My guess is China...
Why would an authoritarian country like China give up control of their legal tender to a currency they do not control? What good would that bring to their government? No government is stupid enough to give up monetary control. To control the money is to control the people. |
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Theres also a chance that the mixers are now operated by law enforcement. After the darknet markets flourished, the government had to fight back by setting up honey pot services or they themselves have to compromise services that are being used by darknet participants.
Bitmixer might have been compromised, thats why the owner posted that weird message and left.
Sure, that's believable. I never really thought about that, since the obvious choice for law enforcement is to operate a darknet market as a honeypot (like Hansa)--lots of data given away there even with the best operational security by vendors. But a mixing service would be useful, too, for catching the low-hanging fruit. For proper security, it would make sense for mixing to be only one step in a multi-step process (perhaps also using non-KYC services through TOR/VPN). Doesn't really explain why the owner left the way they did, but you raise a good point... To raise their operations security the darknet actors should also need to use the right tools. VPN, TOR and a centralized mixing service is not good enough anymore. Those users who want their safety should start using anonymous cryptocurrencies. Im not sure which one is the best to use but Zcash, XMR and Dash are all available. Zcash is pretty lame since no one uses anonymous transactions. As such, your privacy isn't protected by using them. I don't know much about Dash, but I have heard very promising things about Monero's privacy features. That would be my top choice for now. I think that VPN/TOR and mixing through non-KYC services might be enough if it weren't for the centralized nature of the darknet markets themselves. They can give away all sorts of metadata critical to law enforcement, on top of being honeypots, and you have to trust that the admins are taking precautions to encrypt properly. So, we need decentralized exchanges, decentralized darknet markets, trustless mixing (Tumblebit)... I wonder how long it will take to get there. Decentralized exchanges, decentralized darknet markets, trustless mixing are not available yet. But anonymous cryptocurrencies are. You say its Monero. Ok. Why dont the people who have something to hide start using that? Decentralized market places will be the next one coming with Open Bazaar leading the way. |
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I understand that bitfinex will stop serving accounts of verified customers. To my knowledge unverified customers will be unaffected.
That doesnt make sense. By letting a person from the US use an unverified account will make matters worse for them and the user is also taking part of the risk. What if Bitfinex locks for account and claims all your funds? Its better to look for another exchange, ProtonBank. Kraken is a good replacement. Bitfinex is disallowing individuals who they have affirmative knowledge are acting individually as a US resident. If Bitfinex does not have affirmative knowledge that a particular customer is acting individually as a US resident, then I do not believe they will disallow the customer from using their platform. I understand that verified US customers will be able to withdraw funds indefinitely (although I suspect that any withdrawal request will need to withdraw the entire balance of the currency being withdrawn). I also understand that accounts of Biitfinex customers that are US-based corporate entities will continue to be serviced. Then doesnt it open an argument for the regulators to use KYC/AML on all of Bitfinex's users to find out who are from the US? What they are doing is counterintuitive. There is no basis for US regulators to regulate bitfinex, as they are not based in the US, have no presence in the US, and do not do business with US individuals. If thats the case then why is Bitfinex disallowing Americans from using the exchange? Are they scared that the long arm of the US government could find a way to incriminate them for allowing their citizens to trade using their unregulated exchange? |
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$10,000 by the end of this year.
Completely possible, yes.
Yes, Now everyone deals with bitcoin believes this. 10000 dollar is not just a dream anymore. It is possible and holders are waiting for that. We are entering to a new era of bitcoin. This shows that we are nothing but sheep that reacts and follows anything thats being hyped and pumped today. If BTC crashes back down under $2000 the same sheep will be saying that it will be sold down below $1000. Dont get too overexcited. |
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Segwit is locked in and it will activate on August 23 or thereabouts. Then according to the proponents of Segwit2x there will be a hard fork to 2mb blocks. They say it will happen on November but some are saying that its an optimistic time line.
If it could happen, maybe next year.
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I understand that bitfinex will stop serving accounts of verified customers. To my knowledge unverified customers will be unaffected.
That doesnt make sense. By letting a person from the US use an unverified account will make matters worse for them and the user is also taking part of the risk. What if Bitfinex locks for account and claims all your funds? Its better to look for another exchange, ProtonBank. Kraken is a good replacement. Bitfinex is disallowing individuals who they have affirmative knowledge are acting individually as a US resident. If Bitfinex does not have affirmative knowledge that a particular customer is acting individually as a US resident, then I do not believe they will disallow the customer from using their platform. I understand that verified US customers will be able to withdraw funds indefinitely (although I suspect that any withdrawal request will need to withdraw the entire balance of the currency being withdrawn). I also understand that accounts of Biitfinex customers that are US-based corporate entities will continue to be serviced. Then doesnt it open an argument for the regulators to use KYC/AML on all of Bitfinex's users to find out who are from the US? What they are doing is counterintuitive. |
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Theres also a chance that the mixers are now operated by law enforcement. After the darknet markets flourished, the government had to fight back by setting up honey pot services or they themselves have to compromise services that are being used by darknet participants.
Bitmixer might have been compromised, thats why the owner posted that weird message and left.
Sure, that's believable. I never really thought about that, since the obvious choice for law enforcement is to operate a darknet market as a honeypot (like Hansa)--lots of data given away there even with the best operational security by vendors. But a mixing service would be useful, too, for catching the low-hanging fruit. For proper security, it would make sense for mixing to be only one step in a multi-step process (perhaps also using non-KYC services through TOR/VPN). Doesn't really explain why the owner left the way they did, but you raise a good point... To raise their operations security the darknet actors should also need to use the right tools. VPN, TOR and a centralized mixing service is not good enough anymore. Those users who want their safety should start using anonymous cryptocurrencies. Im not sure which one is the best to use but Zcash, XMR and Dash are all available. |
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Hi. Im curious about bitcoin and how it works. If a person sends around 1 BTC in a tumbler, is it easy to track the transaction? I mean, how much people do not send around just 1 BTC every hour. Is it easy to track smaller transactions? Or easier to track larger transactions? Lets say that 10,000 people send around around 1 BTC per hour. How would these trace tools know which BTC transaction belongs to who?
It's really hard to track coins after they get tumbled, but the point of failure in this model is in the fact that mixers are centralized. You are basically trusting that the hosts of the mixer don't reveal the logs to anyone looking for your coins. Theres also a chance that the mixers are now operated by law enforcement. After the darknet markets flourished, the government had to fight back by setting up honey pot services or they themselves have to compromise services that are being used by darknet participants. Bitmixer might have been compromised, thats why the owner posted that weird message and left. |
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I understand that bitfinex will stop serving accounts of verified customers. To my knowledge unverified customers will be unaffected.
That doesnt make sense. By letting a person from the US use an unverified account will make matters worse for them and the user is also taking part of the risk. What if Bitfinex locks for account and claims all your funds? Its better to look for another exchange, ProtonBank. Kraken is a good replacement. |
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I love namwonh's enthusiasm but emotions tend to be a trader's undoing. With it comes mistakes and from these mistakes come losses. It's better to have a smaller net profit than taking a huge risk culminating more losses.
Dont be misguided by these hype threads. Sometimes the thread starter bought at the high and hes now having losses.
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You wont be thinking of it the same way when the hash power slowly starts to transfer to the Bitcoin Cash chain. Its more of a threat than a spam coin.
But why would it? If we don't talk about political issues here, why would miners choose to abandon mining of the real Bitcoin in favor of Bitcoin Cash? Wouldn't that mean losing profits? Indeed, if just a few miners switch to BCH, they may in fact start earning more, but, in my opinion, it is not worth it as long as Bitcoin Cash is 10 times cheaper than the real Bitcoin. Anyway, it seems that mining pools like ViaBTC continue to mine both coins, so it doesn't look like any mining pool is going to leave Bitcoin Core mining altogether Leaving politics aside, BCC could be worth much more than it is today. Let say the price doubles, in a few months, making some miners leave BTC and start mining BCC. Without BCC's emergency difficulty adjustment feature, it will make BTC confirmation time longer and will have to take a longer time to adjust. This will then result in the market reacting negatively. BCC having increased price and increased mining power will make the market react positively and as long as the price increases, so do the hash power. |
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What do you think of Bitcoin Cash?
Do you think it will have the same value as Bitcoin or it will be just another Alt. Coin in the crypto market?
BCC was created saying that it would be the substitute for bitcoin.But it just remains as an altcoin.Neither bitcoin price has crashed,nor BCC price has raised as it was expected by some people.It would just remain alive only for a few more days and then it would just remain as a n abandoned altcoin. BCC holders have just dumped all of their coins to get some free cash. Remember that for every seller there is a buyer... It's early days for BCH - if the mining difficulty drops enough but the price remains stable, I can see some miners switching to mine it. If you are an ASIC miner, there are very few coins you can mine: bitcoin, bitcoincash and peercoin. All the rest are scrypts. i am not seeing its future. i think this is just a spam coin like other altcoins and nothing to do with bitcoin. most of the people are doing mining of it and yeah it is easy than different altcoin as well but to comparing it with bitcoin is a joke. You wont be thinking of it the same way when the hash power slowly starts to transfer to the Bitcoin Cash chain. Its more of a threat than a spam coin. |
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These issues would be resolved in 5 business days or more. The secret is to always be polite when contacting an exchange's customer support but always be reminding them enough to do their jobs.
I would say write them a polite message everyday asking if there is news about your concern. It works for me and hopefully it will work for you too. Dont lose patience.
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Definitely not.
Listen to this guy, he knows what hes talking about. Theres one importance piece of information that those cloudmining services dont tell you. That difficulty in BTC mining rises as more hashing power is mining in the network. This makes profitability in mining very hard. If your cloudmining service was really profitable, then why would they share their profits with you? By issuing cloudmining contracts to you, what they are doing is passing their risk to you, not profit. |
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