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Facebook is a global company with a good reputation. Why would they allow a volatile currency in it's infancy?
Compared to the traditional Fiat banking sector, the Bitcoin technology is still young and unstable as a payment method¤cy. The % of people who adopted Bitcoin is also dwarfed by the amount of people who are using the Fiat banking system. It does not make sense for them to implement a payment system that is not widely accepted.
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Actually, I'd prefer it if bitcoin was adopted by the porn industry, because it shouldn't be shameful to use it with anything. You can also pay your bills with bitcoin and if you can buy porn and drugs with fiat cash then why not bitcoin? If we want bitcoin to succeed as a currency then people should be able to buy absolutely anything they want with it... even illegal stuff and that's just up to the authorities to police.
Oh, and fuck the ignorant perception of society. They'll change their mind over time, but then it'll be too late for them anyway.
As long as there is some taboo associated with watching porn, bitcoin is a natural fit for the porn industry. Credit card companies and banks sometimes have hesitation in dealing with porn companies. No such issues with bitcoin. I think the proportion of porn sites accepting bitcoin should be already high. The majority of these people have no clue how to use Bitcoin to make it anonymous, so they should stick to the traditional payment methods and be done with it. The only positive side, as you have stated in your post, is for the porn industry. The credit card companies have no more control, on what they will support and what not. If the porn site make use of payment processors, they could be in the same position. These companies can also block payments to these sites through their service. |
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Just when I thought the previous price spike was due to a small Willy bot doing it's thing on a certain exchange. I would not be willing to bet my earthly possessions on this, that it would be going any way near to $1000 again. My guess is, it will go up to +/- $400 if everything goes well, and it will stay there for the next year. <pure speculation> |
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If I play on a site like Primedice, then visiting a clone with the same script and design just with a different domain name and owner isn't any fun. I would still stick to the original for playing. You might still be able to sell like people sell coindice clones but it wouldn't be popular for long.
I seriously doubt that they would offer a Primedice clone script. It would look similar to the default faucet scripts out there. I was also interested in a whitelabel copy of one of the more popular casino sites and they quoted me something like $50k for the bare bone structure without the extras. If you are going to provide such a service, I would seriously go for a Open-source option, with complete transparency. Trust is going to be a mayor issue. Good luck with this. ^frown^ |
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How ironic ~ Nobody know for sure, but it looked like Satoshi developed the Bitcoin protocol to stick it to the banks. Now he is gone and they are stealing his blockchain technology to use it to make them even stronger.
They will not use the blockchain in fear of what it could be used for if he retaliates, they would rather use a new technology based on his concept. ^Very Sad^
What did you expect? The banks would never open their arms and embrace a free, open source project, they want their own cake and charge their own interest rates for their slices. Our hope is that their experiments fail and they end up forced to enter the bitcoin blockchain or be deprecated by it. I did not expect anything less from them. They nearly collapsed the global economy with their scrupulous practices and they are extorting the poor to enrich themselves in developing countries. What I do expect from them, are a total re-branding of the Blockchain technology as their own innovation and a focused attack on the Bitcoin community to destroy them. All this being funded by our money. |
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Some of the gambling sites I use allow for 1 confirmation to except the transaction or deposit. So for me it is not such a big issue. I will agree with you that it would become a problem if I had to pay for a cup of Java and by the time the confirmation comes through the coffee will be cold. On smaller transactions this might become a bigger problem.
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How ironic ~ Nobody know for sure, but it looked like Satoshi developed the Bitcoin protocol to stick it to the banks. Now he is gone and they are stealing his blockchain technology to use it to make them even stronger.
They will not use the blockchain in fear of what it could be used for if he retaliates, they would rather use a new technology based on his concept. ^Very Sad^
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he would have cashed out those early bitcoins years ago.
he can't spend his coin because he don't have access to his wallet....i'm pretty sure he have lost his private keys.... the question is....why these bitcoins are dormient for years ? if you had created something that could make you rich , why the hell did not use it ? at least a part of them .... I do not believe that satoshi created everything ' to free , maybe it was not for profit , but when values have risen why not enjoy the money you earn? The only way I could see the NSA/CIA doing it is if they had the director of the operation standing over them ensuring that they deleted the private keys for every mined block, and then had multiple people supervise the destruction of the hard drive where the private key existed (every 10 minutes). Two FBI guys were exposed to private keys worth a lot less and they ended up stealing them. We are after all dealing with government employees here.  Most of these guys are getting paid much better than their peers in the private sector. ^joke^ Do you think a agency exposed him and he was forced to destroy it? He is such a genius, I would think that he committed his whole private key to memory. ^joke#2^ |
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Why not make it interesting and just change it a little? 1s@t=0.00000001BTC
Just replace the a with @ and you have something with a different meaning? I hate it when sites use bits and I have to jump to preev.com to do the conversion. Yes I am too lazy to think.
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Who in his right mind would buy shares in a failing bank?
"The analysis by Rothschild concludes that a multibillion-pound lawsuit that RBS faces from the US authorities relating to the subprime mortgage crisis and expected later this year will not damage the bank’s fragile share price."
To top that, they are faced with the biggest disruptive technology, since horses was replaced by cars.
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"But soon it will change, thanks to affordable wind turbines and solar panels entering the market. People will soon be able to have their own setup on their homes and generate enough power to power their mining hardware"
What the FUD? Solo Bitcoin mining will never be able to compete with mining farms, even if they used free electricity. These devices will become mere useless gadgets in the Internet of things.
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He did not just fool his own family, his closest friend René Pinnell, who lived with Ulbricht in San Francisco also did not know what he was doing. It looks like he told them that he was trading Bitcoin online.
His grandmother said, "He was good with computers." He is in no way not guilty and the people around him looks to be oblivious to his online operations.
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The problem comes in with the old outdated Wyoming Money Transmitters Act – which requires licensees hold in cash, CDs, securities or other authorized investments in the amount of money that’s being transferred digitally. Some of these companies cannot adhere to these requirements and are forced to exclude Wyoming from their services. Here is the source for the legislation : http://legisweb.state.wy.us/statutes/statutes.aspx?file=titles/Title40/T40CH22.htm |
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Funny, much funny I have one question though: Why would everyone (or anyone for that matter) in the whole world report capital gains to the U.S. government? Well if you decide not to do it, the IRS will hunt you down and seize your assets. Are you saying it's not necessary to report capital gains in the USA? Elmer Fudge strikes again.  |
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Regulation is only good, if it protects the consumer. In New York you will find more people shifting operations to countries where they feel more welcomed. This is already happening : https://www.cryptocoinsnews.com/eobot-bitcoin-mining-company-pulls-new-york-state-bitlicense/This is also why ShapeShift announced that it is suspending service to residents of New York State on account of the BitLicense regulation. So they are not just moving operations away from New York State, they are also denying services to New York State citizens due to this. Who are the people suffering? Not just the companies, but the average users of Bitcoin. ^Very Very Sad^ The only person laughing all the way to the bank is Lawsky and his new 'advisory' venture on BitLicense. |
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Not to rain on anyone's parade, but here are a few factoids about Canada: 1. The Canadian Senate is not an elected body. Members are appointed by the actual government. Appointments are historically patronage gigs for old party loyalists. The present prime minister (the actual head of government) campaigned on replacing the senate with an elected body but, once in office, continued the practice of appointing hacks to the senate instead. One such appointment is in full scandal mode right now: http://www.cbc.ca/news/politics/topic/Tag/Mike%20Duffy%20trial2. Senate reports are sometimes used as trial balloons by a government. If well received, the actual government decision-makers (in the House of Commons) might make it their policy. Otherwise it can be ignored as "just a Senate report", which is the norm. 3. Canadian winters are as varied as the country, which is larger than the US (sorry about that). I have even lived in a Canadian area, admittedly a small one, with a true Mediterranean climate - people grow figs outdoors, protected only by bird netting. I'm not saying where in the country it is though - just in case.  4. Canada has no "states". The Canadian equivalents are provinces and territories. You are right (upthread) that these governments may or may not come up with their own BTC policies - I hope nothing like Lawsky's caper in New York, but - perhaps ominously - the Senate committee made a field trip to New York as part of their "investigation", according to Canadian media. I imagine it was probably just an excuse for shopping and nightlife, but you never know. tl/dr The Canadian Senate is not the voice of the Canadian Government. Canadian government policy re BTC is not yet announced. This might hint at good news to come or it might not. Watch and wait. Looks like you have some inside knowledge to the inner workings of the Canadian Government. Thanks for the information. Just a question or two: What percentage of these reports end up as policy? Can the merchants and vendors accept Bitcoin as a payment method, before policy have been formulated? I thought about going there, but I am from a country with warmer average temperatures and it's damn cold up there. |
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At first I thought my eyes are trying to deceive me, when I saw the figures for South Africa.
There was most definitely a huge spike in the last couple of months in that country for some unknown reason.
I wonder if it was only a once off or if it is a trend that is building. Thank you OP I will most definitely keep an eye on these stats for future investment possibilities.
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For the sake of transparency, how does the scam work? Do they accept BTC and then they just run with the money? How many other people have the same problem? This should be posted under the Scam Accusation Topic here https://bitcointalk.org/index.php?board=83.0People checking for things being a scam, will go to that section and would miss it here. |
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Go watch the movie Project Almanac and come back here and comment on if you still think changing the past will make a difference in the future. I personally do not think being rich makes any difference. There are a lot of unhappy and lonely rich people in this world. The most positive thing you might get from a time machine, would be the time itself.
I think being healthy and able to do the things we do are one of the biggest treasures we have. Ask anyone dying from Cancer, what they would want the most, and they would say <Give me more time to be healthy>
Being rich is over-rated. ^Happy^
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