One of the biggest contributing factors to debt in the world, is the fact that we have literally lost touch with our money. The wide acceptance of payment methods where you do not physically trade with something you touch, for example Credit cards, debit cards and electronic money, could make it easier to spend money. In South Africa, a company is testing this theory with a reality series, where the contestants are given their monthly salary in coins. The idea behind this is to see what impact this has on the spending habits of these people, when they pay for everything in physical coins. Source : www.onerandfamily.co.zaQuestion 1 : If Bitcoin or Crypto currencies replace fiat, would you spend more or less? Question 2 : Do you think physical contact with your money, makes you spend less? Question 3 : Would we have less debt, if we paid for everything in fiat? I think you have a great point. My girlfriend doesnt like to spend money but loves to save. She keeps her money in a bank and only withdraws when she needs to pay/buy something and only uses to pay with card when there us no option (she wont use it if there us a fee) so i think she sees her bank as a secure place for her money to stay...plus she never bought anything online. So having physical money makes you spend less and omline possibilities make you spend more. And if there were no credit cards we wouldnt spend much as well but thats a long story...in my opinion credit destroyed usa and than the world.
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Hey I was wondering if it's possible to do this?
Is it possible?
What country?
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Bitcoin is NOT a currency!
In it's simplest form it is just payment rails. Stop thinking about is as currency and what is left to regulate?
If a merchant selling a pair of jeans for $250 accepts a 1 bitcoin and customer 2 weeks later asks for a refund with a value of a bitcoin going up to $300. Is he going to get 1 bitcoin back or a value of the jeans he bought? Naturally, the value, which means 3/4 of a bitcoin at the time of the refund. So, how does it make bitcoin a currency. ITS NOT!
What do you think?
Ok you buy jeans for 300 usd and the fed prints tons of money you return the jeans and get 300 usd but those 300 arent worth 300. Because of the printing the jeans now cost 400
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they accept bitcoin ? no. so, they don't have my 6 USD ... simple. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) like apple, vimeo, XXX porn ... ![Kiss](https://bitcointalk.org/Smileys/default/kiss.gif) They do accept it
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If its free how will they pay for their servers and any other cost
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What if someone made exact copy of bitcoin? Exactly the same way bitcoin works and created new bitcoins. Would the miners see it and not let the transations trough or is this possible?
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I dont see the need for that. Just remember when to pay. Just the idea that someone is allowed to take money from you automaticly is nasty
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Thank you all for great answers ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) if you got some helpful links where i can read about the basics if bitcoin and economy of bitcoin please send them ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) thanks
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Revolutinary people ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) in my opinion. anyone who is against world control. Gamers and internet users that enjoy buying or trading stuff online. Money laudering aka drug dealers and basically black market. Just quick answer of my mind
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Hi everyone, Many people believe that bitcoin will be worth 1000 or 10,000 or even 1 million one day...and i hope it will be but my question/though is If fiat fails/collapses or the worlds economy goes to S**t and bitcoin price goes up...therefore even if bitcoin is worth 10,000 dollars you will only buy 1 gallon of milk with it. And if all that happens and bitcoin becomes the currency of the world all prices will adjust to bitcoin not to fiat/bitcoin.
Just a thought...
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Hello everyone ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Another beginners question, i have came along these dice websites. Is it possible to win any bitcoin with these games or is it just like a pub machine. I have tried some probabilities calculations and it says it should be random but doesnt really look like it. If i roll under 90 ten times i always got 1 wrong which by math makes sence but than the script/machine/game is not fair because in all randomness if i roll 100 times it should be possible to have 100% winnings. Thank you for answers...if you got secret tricks PM me ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Address 17ABrUpBNURhgiSfTuRvtpMDEXwivcdCZ has 0.991871 BTC in it, if it isn't showing up in your wallet there's something wrong with the wallet.
oooo At first i was sure that 17ABrUpBNURhgiSfTuRvtpMDEXwivcdCZ isnt my wallet. but when i clicked "change addresses" i saw it....but why did this transation happened without me doing it? change addresses are used for security. each time you send bitcoin the remaining balance will be split to change addresses. Thank you for clearing that up ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) this thread can be closed
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Address 17ABrUpBNURhgiSfTuRvtpMDEXwivcdCZ has 0.991871 BTC in it, if it isn't showing up in your wallet there's something wrong with the wallet.
oooo At first i was sure that 17ABrUpBNURhgiSfTuRvtpMDEXwivcdCZ isnt my wallet. but when i clicked "change addresses" i saw it....but why did this transation happened without me doing it?
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I think my wallet is getting robbed or im looking at it wrong... Please help... In my transations list it doesnt show -1 BTC but if i click history on my bitcoin address it shows -1BTC more in images ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FI72jete.png&t=663&c=yv992lrTL1AC9Q) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FUXhaC8S.png&t=663&c=hxO3KpQ7366Y3A) Please who knows whats going on? Edit: i was sending only 0.008 https://blockchain.info/address/17ABrUpBNURhgiSfTuRvtpMDEXwivcdCZThank you
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Hello, I have a fun idea for bitcoin cummunity but it involves gambling. I live in uk...what are the requeirements to run a gambling website? (only bitcoin) do i have to be registered somewhere and pay taxes? Btw non-profit...
Thanks
A non-profit gambling site would be impossible because a gambling site would generate revenues continuously and you can call it profits. Unless you won't bag the earnings for yourself (or you would donate the earnings to a charity or whatever) then you can say that your gambling site is non-profit. Yup as i posted few seconds before your post You got me within a few seconds I guess. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) May I know what kind of charitable institution are you planning to give the earnings? Kinda curious in this one actually. Its just an idea and the charity is not choosen yet. Since bitcoin is taken as currency i have to decide if i want to really get into it and register the gambling site
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Hello, I have a fun idea for bitcoin cummunity but it involves gambling. I live in uk...what are the requeirements to run a gambling website? (only bitcoin) do i have to be registered somewhere and pay taxes? Btw non-profit...
Thanks
A non-profit gambling site would be impossible because a gambling site would generate revenues continuously and you can call it profits. Unless you won't bag the earnings for yourself (or you would donate the earnings to a charity or whatever) then you can say that your gambling site is non-profit. Yup as i posted few seconds before your post
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Hello, I have a fun idea for bitcoin cummunity but it involves gambling. I live in uk...what are the requeirements to run a gambling website? (only bitcoin) do i have to be registered somewhere and pay taxes? Btw non-profit...
Thanks
You have a quite extensive answer about that issue here : http://www.gamblingcommission.gov.uk/Gambling-sectors/Online/Getting-a-licence/Applying-for-a-licence/How-do-I-apply/How-do-I-apply.aspxThis first part of it pretty much sums it up: "You need an operating licence from the Gambling Commission if: you currently run or want to run a gambling service through remote communication (including online gambling) and any part of your remote equipment is based in Great Britain or when the Gambling (Licensing and Advertising ) Act 2014 is implemented (1 November 2014) your remote equipment is based outside Great Britain and you advertise remote gambling to consumers in Britain through a British-facing business." btw i think that if you move this to gambling section, you may receive better responses. One think tho; how is it involving gambling, but remains a non-profit? You should include more details to enable us to understand and assist you better. cheers Thank you for the link its very helpful but my concern is about bitcoins involvment. Is bitcoin considered a currency and therefore i need the gambling licence? What if i do gambling site just about "internet points" do i need a licence as well? Non profit as that profit from gambling will be donated towards something therefore i as a creator wont keep anything.
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What about paying back? Lets say i grow my trust to high level and at some point i will loan 5BTC and dont pay them back..you will never find me..and if 1000 people do the say you will be the best company out there
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Hello, I have a fun idea for bitcoin cummunity but it involves gambling. I live in uk...what are the requeirements to run a gambling website? (only bitcoin) do i have to be registered somewhere and pay taxes? Btw non-profit...
Thanks
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well i keep my bitcoin on computer program therefore im good right? Its interesting these services work...imagine...coinbase wants to shut down today...how rich they would be
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