I just suggest that " use a different re-payment address " for every customer, else suppose two person have due loans and both say they paid and you got only once, how will you verify ? and suppose someone withdrawn from exchange cant even sign message with that address.
Well the only way to verify would be to request proof that they own the address. However, you are right. If someone was withdrawing from a service that could complicate things. Thank you for your input, I'll keep this in mind. For every loan there will be a unique payment address.
Update: Thread will remain closed until I see the need for it. |
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Are you talking about transaction time when you're saying 'transit time'? Transactions take only a second to process, confirmations take longer. Basically it's a economical reason, not technical.
It's the basic laws of supply/demand. In July 2016, the block reward will halve from 25 to 12.50. That means that Bitcoin generation will drop from 3 600 coins a day to to 1 800.
This should have a impact on the price. We have to be patient and wait it all out though. We can never be sure, how much will Bitcoin be worth then.
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Why would you say that?
No, it definitely is not. Do not be confused by the logo in the top right corner. That is one of the variations of the official simple machines logo.
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Obviously you're not going to get any loans without collateral, especially due to your trust rating. There's a link in the first post that will show you what else is considered as valid collateral.
Reposted as bump.
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The same topic has been discussed many times over. The banks can utilize the blockchain, but since bitcoin poses competition to them, they seperate their interest
in blockchain tech away from bitcoin.
imho it doesn't matter, bitcoin is advancing slowly, and taking away their fees and profits, and it's just a matter of time when they won't be able to ignore it anymore.
cheers
Exactly. As soon as they have started cherishing blockchain technology only, it was a sign that they were starting to become afraid. Basically they are trying to separate the technology from Bitcoin itself. They will try to upgrade and improve their systems so that they can keep up. The real question is, are people going to stay blind to their schemes? Perhaps it's different from other revolutions such as the paper to the digital for companies because this one isn't going to cost them anything.
Actually it is going to cost them everything as soon as Bitcoin picks up. Bitcoin is slowly growing, and as soon as some big retailers start accepting it, things will change. That would make Bitcoin overthrow any service such as Paypal in no time. However, the block size debate needs to be resolved before that can happen. |
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Off with your head!* Bitcoin revolutionizes illegal actions -- does it hold your interest?
-snip-
If you cannot see any reason for anonymity other than illegal activities, then you have a very narrow scope of imagination.
Wrong. There's a reason for which Bitcoin is pseudo-anonymous and you obviously aren't seeing it. DASH/Monero/similar coins can't become legal and regulated properly because of their anonymous nature. Also, stop misinterpreting my words. The point of hashing and the blockchain is attaining distributed consensus in spite of being open to the whole world. If it's for "internal applications", there's no need for a blockchain. An ordinary database will do and, as a bonus, won't be open to transaction analysis and network attacks like Bitcoin is.
Banks get hacked from time to time. I wonder where you came up with the assumption that their distributed ledgers will not be susceptible to attack? I understand what you mean OP. "blockchain" has become a buzzword now and meaningless like the word "disruptive". I believe that people who are dismissive of bitcoin and favour blockchain probably know little about either of them.
I do believe that blockchain will outlive bitcoin though. there is more uses for it than a single currency.
Here is a nice article that calls the separation ludicrous. Instead of dismissing either, people should be cherishing both blockchain technology and Bitcoin. Obviously, there are groups that are starting to become scared of Bitcoin as it might harm/destroy their corrupt businesses. However, I do agree that blockchain technology has much more potential than just being used in a currency. |
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People always say this, but if bitcoin really reached 10K or 100K, their opinion will change, they will wait for 1 million dollar coins  And people used to have strong motivation to sell when price rose too quick in a short time, that's the reason each bubble is followed by a crash. Making a quick buck and take profit is always attractive, given the fiat money's value never changes so dramatically I think that this mindset is completely wrong. If Bitcoin was worth 100k each, that would mean that it is either on the path of replacing the current systems or that it already has. Selling back to fiat would be a mistake. Instead of selling coins, people need to use them as their purchasing power would be exponentially higher than before. Because it has more potential to grow.
Far greater than anything.
Considering how far it has already grown since it has s started trading, it has already surpassed most assets. The price will definitely grow further, however we can't be sure to what extent. |
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Well let me simplify this. Any type of trust manipulation will result in you getting negative trust from multiple members if you are caught. Obviously there are ways for people to manipulate to get at least some trust, but one should not do this or even think about doing it. Just simply report those PM's directly to Mods and they will take appropriate action against those or open a thread in scam accusation section and post their names with proofs.
Trust isn't moderated so I doubt that this is the correct way to proceed. I'd recommend contacting someone such as Quickseller with proof. |
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Contrary to what many people may still believe, most Euros and Dollars do not exist. The vast majority of all financial activity is purely digital, and when transferring euros from one bank account to another, nothing is actually being moved. And there are certainly no coins or paper notes involved.
-snip-
Correct, I was recently talking about this as well. I've also mentioned in a recent thread that even when you transact between banks nothing really moves besides a few numbers (unless you withdraw cash). Local (small) banks do not even have that much money. I was recently going to request a exchange of ~1000 euros and they did not have enough of the currency that I've desired. The companies and individuals who approach bitcoin technology with a 20th century mindset will find no success. They will seek to harness the innovation of Satoshi’s invention, and in doing, will slowly realize that the killer application of this technology is to render them obsolete. Bitcoin is an evolution in our concept of the corporation, and a blueprint for decentralized, trustless, openly accessible commerce in the 21st century.
I especially like this part. Cash needs to partially die as it is old technology. It's good to see that some article doesn't spread wrong information and actually reflects positively on Bitcoin. One shouldn't wonder why some are trying to separate the blockchain technology from Bitcoin. Bitcoin will essentially destroy their corrupt businesses (such as banks). |
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This should be moved to the off topic section. This could be done either by printing a ton of paper wallets (even better since you can throw at him empty wallets), or by using physical coins (not recommended, as this might hurt).
Update: Nonsense.
Start reading threads and stop spamming because of the campaign in your signature (i.e. your post is irrelevant to the thread). |
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I thought the key benefit that the Ethereum has over Bitcoin is smart contracts? So if Bitcoin could have smart contracts then what would be the benefit of anyone using Ethereum over Bitcoin?
Simply put, none. Ethereum should not be mentioned outside of the altcoin section. Bitcoin can upgrade and add just about any technology if needed. Just don't mention it anymore, or else we are going off topic. search and read about Sidechains and Lighting Network.
-snip-
The question is which one and when? |
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Well there are a lot of things, and I'm not sure where to start. As far as changes are concerned, we've yet to see what is going to come out of the block size debate (i.e. are we going with a increase in blocksize or sidechains, lightning network or something else). We should see pruning implemented completely (hopefully) in the next major version (0.12?), which is partially implemented now.
We've yet to see Gemini exchange released (Winklevoss), which should be fully regulated and built on rock-solid compliance.
Adoption and investments keep growing and we can not really know where this will lead us. We are yet to see a big online retailer such as Ebay or Amazon to start accepting Bitcoin (which some of us are eager to see). The block reward should also halve in 2016 (July 27th).
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Here we go again. The government is trying to control more and more aspects of people's lives. It's not really a matter of porn sites, but the censorship and control. They definitely haven't put much thought into it and have blocked way too many websites. I doubt that this will actually have the effect that they desire. This is just the start, and censorship lists are easier to expand. Soon they could start banning wrong ideas.
This is why people need to be aware of proxies and VPNs. The government should not be allowed to decide what I can read, watch, etc. on the internet.
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Are you saying that you're mad because nobody believes your stories and is willing to help?  What did you expect, strangers to magically send you all the money in the world? Not going to happen. People are by definition bad, and that is nothing new (a fine example is you). Stop trying to scam. Bye. |
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you know how the rich and criminals in the real world hide and launder their money right? i guess you dont so i will tell you how: through your lovely banks  Exactly. People easily launder money by buying worthless art for hundreds of millions. Here's a fine example that was sold for $46 million. do i understand correct that you are saying there is only little demand for international banking/money transfer? o.O
He did state that by saying that moving money will be easier once the demand is there. This is obviously completely incorrect due to the fact that companies such as Western Union are doing good business. Don't worry: when finally the fiat currency bubble will explode, they will learn  Well, not quite. If the dollar collapses we will have bigger problems to worry about than proving who was right.
They? Or everyone else. Because financial elites never learns. It is us - real people - who suffers the most from crisis usually.
I understand that this new feature of UK banks are honey for normal people who don't know what bitcoin is and how it can change the world.
I find it quite dangerous for bitcoin popularity as people like op have little idea about economic state of our world.
Well this is why awareness needs to be spread and people involved with Bitcoin need to help with the adoption. How many times do the banks have to rob the people until they realize what's going on? |
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http://personal.natwest.com/personal/ways-to-bank-with-us1/mobile-banking/mobile-payments.htmlI agree with some of the stuff about problems with the banks. However I'm not a fan of the mega wealthy being able to hide their wealth away - see piketty's rationale for greater wealth transparency. Separate to the above is the practical use cases for Bitcoin which we have to try to analyse objectively. I doubt this internally in the UK now. Add on the ~5% fiat->BTC fees and it gets worse. Moving money abroad will become easier if there is a sufficient demand for it. You can now use the app to make daily payments of up to £250 securely. A quick inspection has already made me aware of the catch n.1 which is a daily limit. The current systems have enabled the richest people to become even richer and easily launder money with art and whatnot. There is demand for moving money abroad else companies like WU would never exist. People who do not care about privacy, nor rights (usually classified as 'sheep) should not come to this very forum. The bankers are the ones who are pulling the strings in this world, and because of which we are in the current situation. -snip-
not to mention charge back of 180 days, bitcoin is instant too but at least transaction are irreversible, yet for some this may be considered a bad thing but for many other it isn't
For anyone who is smart, that should not be a problem.
Bitcoin is not just a means of payments, nor just a currency. Bitcoin is a revolution. |
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except for some news about this and that (news about karpeles is still hot) bitcoin is still the same AFAIK.
and the forum didn't change much. only that you can upload an avatar now.
You forgot to mention that the forum was hacked. OP I would suggest that you change your password imminently. Things have been pretty much the same, and one couldn't summarize everything. There have been a lot of discussion in regards to the block size debate. Adoption and investments are still on the rise, and the price recently went over $300. Bitcoin Core 0.11 was released with pruning (partially implemented), which should solve the problem of storage in the future. Karpeles was arrested and charged with fraud (not sentenced). |
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Here we go again. I should start hunting people and stapling this to their face. One of the fundamental ideas of Bitcoin is the separation of state and money; i.e. this means that if you want to get out of the current corrupted financial system, then Bitcoin is your way out.Try moving that same money from China to the US to see just how instant that process is. Bitcoin is the sole reason for which they are going to try and implement such services. They are afraid that it will ruin them (i.e. we're in that phase now). Basically the government is still going to track what you're doing with your money and has the right to take it (see Cyprus and Greece) as they please.
Please provide us with the links to these 'recent apps', so that I can do a close inspection. |
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Well a major threat would be the refusal to use the search button. There have been countless discussions to this very subject. I'd say that the only real risk is a 51% attack. Besides that, the only real threats would be events that could possibly destroy or severely damage our planet/civilization. Something in the lines of a Hypernova in which the gamma ray burst is directed towards Earth. People shouldn't worry about 51% that much, nor about possible weaknesses in encryption, as Bitcoin can always get upgraded/fixed.
I think the biggest threat is the need to make the block size larger. It's not really a problem at the minute but it will be in the future, but I hope its sorted long before then.
Nonsense. That's not a threat at all. I don't think a 51% attack would be profitable.
Neither were the spam attacks, and yet they happened. Isp shutting down nodes etc Governments secretly buying bitcoins and destroying them Satoshi selling his 1 million BTC  -snip- ISP's can't shut down a node if they do not know that it is a node. Exactly what I'm doing under a VPN, the ISP does not know. Bitcoins can't be destroyed, but rather abandoned. Even if we are left with only a single Bitcoin, we can divide it enough times for everyone. If Satoshi does sell his stash, that would only have an affect on the price (supply and demand). |
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