This itself is horrid, if the company in which you put trust into to make ASIC miners and you wouldn't even think they'd do something like this ends up doing this would make me want them to go under right then and there. It's nice to now see that Jihan (Hate him, but +respect for this) coming out and confirming that the backdoor is there and such.

I would hope they come through to remove this but it would be nice to see this as the end of Jihan as people are going to be losing all of the respect that they had for him, not like I thought there was much left anyway. If he and his company does go down because of this it could be the end of BTU and the rise of Segwit as a whole as Wu was the biggest componenet against Segwit.

Probably would die out if the government really wanted to regulate it / put pressure on anyone who uses it, mines it, buys, sells, so on and so forth which would pretty much cause anyone and everyone who used it would kinda be forced to stop. I know a lot people on this forum come out and say how they wouldn't stop even if the government was forcing them to leave this.

Think about it like this, would you rather have this cryptocurrency or your livelihood and everything that comes with it? I highly doubt anyone is going to come to the conclusion of the niche cryptocurrency that we're all apart of.

Unless you have no livelihood then, yeah you'd pick this.

First hearing about Bitcoin I think it was around $300ish, I think that's more then a year ago now. When I first bought was probably around the time of $350-400 which I really do wish I bought a big stake in Bitcoin and held it through this time, but this is how all of my investments work. I sell too early and buy too late, but that's life for ya what can ya say.


Still, what'd you get it at bud?



Still really regret not buying into bitcoin a ton at $300, that would've been good if I mustered up a good amount of capital to buy.

As I use BitGo and a little Blockchain, some desktop apps but they really don't have much on them. My family -- if they cared much about this money would go ahead and find my secret 16 word code somewhere in my house and they'd use it to cash out and sell through Coinbase.

I know most people probably don't have something like this setup but this is probably the best way to do something like this. Leave your family some sort of instructions so they know what they're doing. It's sad to say but any day on earth could be your last so you always have to be ready for the worst.

My family would get it and sell!

Was actually pretty good when I first started, price was a bit volatile but it seemed fine as I was getting pretty luck in the times where I bought and sold on the daily with Circle.com (Gosh, that was so wonderful when it was still a thing) But at the time, Bitcoin was just starting to have some scaleabity issues that I even noticed as a newb to the entire thing, though the tx fees weren't even close to this whole issue we have right now in the least. The price for a tx was usually around .10-.15 cents and I think that was personally fine for most transactions.

This issue right now is kinda deterring me from using Bitcoin and just using my debit card, wish that wasn't the case though.

I've always been one to think about why people even trust Coinbase if they'd want to be doing some shady shit, personally I wouldn't even trust coinbase if I was doing completely legal dealings because they're the paypal of Bitcoin and would be very quick to just go ahead and shut me down.  But yes, you probably would get your account suspended easily if you tried to use them in order to mix coins- so I would be sitting here completely advising against it cause they'd probably just seize the coins and theres not much you can do.

Once they have the keys, they have the coins. Hope more and more people will come to this realization and notice this.

This is just going to end up being like any other coin, it's going to garner an insane amount of attention due to the simple fact that the person in charge is someone who actually has some sort of following due to the company / service he provides to people. With this known, people will think he has a reputation to uphold and his coin has to do good simply on this fact of reputation. But like anyone else, this guy is simply going to make a ton of money off peoples' false hope and hell run away with a lot of money.

This is going to be everything but revolutionary, sad but true.

See it does work but the big issue on it is the amount of TX's that they accept per hour (correct me if I'm wrong but I think 100?) So now that the problems relating to scaling have come to light and people don't want to pay through the roof tx fees, people would rather use something like this in order to accelerate for free. The one problem with Viabtc is that it's getting clogged with the amount of demand they have for it and they simply don't change the amount of supply.

But, yes it does work and it works well when you actually get in without an issue. But you can't ask for so much out of something which is a free service in the end.

This is something that people are just simply going to have to accept, I don't know how anyone would think that Cloud Mining isn't a scam based on the simple fact that people wouldn't be allowing you to profit in this amount when they could just be using their own machinery for this. Cause they do have all the machines already, right? Or so you think.

No one is going to let this happen and even the reputable companies (or so we think) like Genesis Mining go ahead and say once this isn't profitable for us, we'll be stopping service for even the lifetime customers. These businesses are either going to be scams (most) or just looking out for themselves (like they should, they're a business for god sake)

Just let cloud mining die off, it's all a fucking scam.

Yeah at this moment you really wouldn't be able to make any money based on the fact that you have no real status on this forum at all yet, you're just a simple new account for which there is a lot of already. Makes no sense for anyone to want to pay you to post as you ALSO you have a signature limit which on this is going to stop a lot of real advertising from happening.

At this point, the only real way to make money is going to be from providing a services to people on the forum that people think they need / want You could also try to sell goods to others if you own some sort of company

Trading and so on works too, try anything bud!

Russia does want to control the people, but at the same time they also want people to support them as a whole when it comes to their struggling economy. If Russia and the US could strike a deal relating to all the conflicts they have at this moment in time, I'd expect Russia to have sanctions removed and for them to be able to thrive without these sanctions.

Russia isn't going to turn to Bitcoin though and I hope people on this forum don't get false hope just because of them not having financial prosperity, or any prosperity for that matter. They need to get to the state of having prosperity in their industry and get sanctions removed and such before leaving such a world event like the US Dollar is

We'll see though.

Right here guys, this isn't going to be helping the whole hodl movement as the price is just going to stay around where it is. I also think the exploding of prices on here is coming from the government not regulating Bitcoin yet as they haven't seen it as much of a threat to their Fiat economy, so at some point this will all die down because of government intervention.


The superrich are going to follow whatever is best for them, I doubt they're getting involved in Cryptos.

Other countries would probably put regulations out in order to stop this exchange from gaining any traction due to the only reason it would be there is to make money for the North Koreans who are cash-strapped at the moment. I think their GDP is less than most major US business, which is sad but it's not much thinking about a country which is communist and has completely closed itself to the outside world.

So, sadly it wouldn't work as no one would want NK to be able to profit from this exchange in the least.

Yeah it all sounds good in theory but I would much rather have the wallet on me so if it came to be being killed or giving up the wallet, it wouldn't take them cutting into my arm to be able to get it out and I'd just be able to depart unharmed from everything. Seems rather dangerous as people would just be attacking people for the chance of them having this.

Could do well, but I think this in itself would do more harm than good. Also, why's it so hard to just go onto your phone / Computer and use your wallet from there -- do we really need these implants?

I'd have to say the biggest two for me are going to have to be transparency of the ledger and decentralization, as it does make me feel good that the government isn't able to just seize all of my money / bitcoin assets whenever they want like they'd be able to do with my bank accounts / credit cards and so on.

Transparency is also nice, as you're able to follow the trail of someones payments to an address and see if they're running a scam operation or an actual honest business. This part is tricky though as people do usually get a new address on each new transaction but sometimes it can be helpful.


I guess so, I will have to say the tx fee does bother me a good amount when I have to pay it.

One thing in which I fully believe is that if the banks wanted us to become irrelevant, it really wouldn't take much for them to lobby some money into some state legislators or congress itself to have new regulations passed to completely fuck Bitcoin. It's something that probably wouldn't even take much to go ahead and do, it's sad but it's how our government works as a whole.

I think they've probably tried, but not to a full extent yet as they don't think we're much of an issue at the moment.

If you have the right amount of capital to be able to work with the smaller swings rather than the larger swings in which we used to see around last year then you should be fine in still day-trading in bitcoin. If you don't have the right type of capital, then I wouldn't get involved with Bitcoin and I'd rather do some sort of altcoin investing.


Yeah, as I said the other cryptos would give you a good chance of making profit at a good amount of chance for risk too. Just gotta do your research like anything else and hope you're not on the tail end of a dump.

Some people have conflicting views on all of this, I personally would say that it is still worth it and you'd be buying GPU's that you'd be able to sell anyway and get back a good amount of your investment so you should be able to make some sort of profit if you live in an area with cheaper electricity and you set up the rig right.

There is some sort of risk but you can mitigate this by converting the altcoins into bitcoin on a sort of time basis, be it daily, weekly, monthly, etc etc.

I would think Bitcoin wouldn't be accepted in any country based on the simple fact that a country wouldn't want to be giving up control over all the money that is using within their economy, this is the reason that governments impose stringent regulations on Bitcoin all the time in an effort to curb the usage of it on a real scale. At the moment we're a small niche community and I think we haven't been able to break out into the mainstream because the government doesn't want us to.

It's simple, they want control and if Bitcoin was used by people they'd be losing this control in which they love.


Nope, they know it's not a scam. They want to be running the show, not a decentralized group of people using an online digital currency.

You could go ahead and pick 5 gambling sites and invest .1 bitcoin in all of them, all of these sites are going to be making profit in the longterm due to the house edge but it may be risky. Like anything else, with a good amount of risk in these companies, comes the chance for a good amount of reward over a long term time period.

Though if you don't like those kind of investments, you could try alt-coin investing on a certain amount of time basis as I do feel that that would be enough capital to be fully invested in whats going on with altcoins and how much they move everyday.Yeah, don't put all the eggs in one basket as if one of things you have that you put your money into falls you'd be losing everything in which you worked so hard to earn.