No, there is not a bitcoin bank yet. Bitcoin is a decentralized currency which means it's not controlled by a government or individual. Bitcoin is free to use for anyone in the world, having a bank would just ruin the good part of bitcoin. Our bitcoin wallets are just like banks, but better.  No, it would not. A Bitcoin bank would be an additional service within the ecosystem and could add useful and valuable services that many people would want to use and, potentially, help with wider adoption. As has been described several times in this thread. this because apparently there are still many that are attached to the old security method of having an intermediary like a bank, and can't rely on having the full control of their own money, and those people are not even from the old generations, is just the mentality that must be changed banks will live, as long as these generations will need them |
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the fact that they know or they revealed their cold storage position(switzerland) isn't comforting at all, you wonder why then these sites get hacked
here your answer about security issue, cold storage should be kept only by one man, the most trusted of the service
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With the amount of bitcoins the small users (I am guessing you are one of them, if not, then pardon me) do own, we don't have much of a choice in terms of investing. The only thing we can do is to play safe and grow our coins overtime.
i think we are talking about using fiat and invest in bitcoin, not using only bitcoin to invest for growing your total coins so if you don't have enough bitcoin, just buy more with your fiat |
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they could mine to take the control of the system. after that, they could change the protocol as they want or make a 51% atack and turn off this shit
it was already in the equation that any mining attempts that aims at buying a lot of asic equipments for the only purpose of generating a 51% is not profitable at all, compared to using the same power for mining instead |
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In my country (US) it's legal, but only 10% know it, and even less people use it actively. But my city has the first restaurant in the world to accept Bitcoin.
how do you know it is the first in the world? here we have restaurant accepting bitcoin since early 2014 |
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Thanks for posting interesting. I'm not entering my info is worth it for 5 dollars, but still nice of them to offer anything.
I was very impressed to find out they don't have a fee on transferring to a checking account.
can you enter fake info? because many will do that using wifi/proxy and other stuff, how they can know who is legit and who not? |
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After one year of mining, I just stopped my small time mining operation  In the past 4 months, I was paying so much for power, my bills were so high, and I was barely making anything. Not even close to breaking even each month. Now I just buy direct, and cloud mine. I have to keep the feeling of getting new coins each day. I think I will turn on my miners maybe for a week each month (maybe). But I will say what a year experience it has been. From being ripped off and miners never coming that I paid for from minersource/blackarrow (prospero x-1), and from cloud mining sites shutting down after 2 months of offering service (GAW miners). I am on the fence of shutting down my 7 S3's - I live in SF and feel like I am actively losing money, but I enjoy doing what I can to decentralize the network. I wish it wasn't so slanted by silicon/ASIC producers with access to cheap power. I also got ripped off $6000 by bitmine in 2014 with a miner/refund that never came. I wish there weren't so many bad people motivated by greed in this world. I still believe in bitcoin. buy bitcoin instead, leave this mining thing for the big farms, don't need to play their dirty game also this is the right time to buy, the price is good and stable |
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if they really want to chat while they send money, perhaps in the future a new client with integrated chatroom could be made, to satisfy those people
something like skype or telegram would be good
This will happen but the question is how good integrated are these systems around the world. Perhaps they are going to be a local market at first. the problem is they will use the new system or keep using the old famous ones, there are too many of those chatroom software/services, and created another one, might end up creating a dead one, that will no be used heavily |
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in the past there wans't any rule, if you have done this before the IRS(if you live in usa)launched the general rules about crypto, then i think you should only pay on the capital gain nothing else
i think to be honest should pay nothing, you should view it as a stamp collection
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Will I make it?
in 100 years why so pessimist? 690 is around the corner, if you can break 300, the price will probably skyrocket to that level like nothing, it just a matter of triggering the spark |
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if this thing was not a joke i would say that it's still far better than dealing with fiat
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if they really want to chat while they send money, perhaps in the future a new client with integrated chatroom could be made, to satisfy those people
something like skype or telegram would be good
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i tried some time ago, but they said that it was not possible to attach bank account from citizen that are not from usa, perhaps if you know, is this fixed?
i tried myself, they still report
While some non-US customers have had success linking cards, Circle supports just US bank accounts and credit/debit cards.
Questions? Please contact our support team.
but you can click on "continue"
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what about a rts like age of empire that utilize bitcoin and altcoin as a resource system in-game, so instead of wood and gold you get bitcoin and altcoin, then your final income can be withdrawal only if you win the game
But to withdraw your bitcoin after win some games I dont think that is a good idea because that will be a wasting if you can't end it fast, you just wasting you time running circle to get items to make you stronger before you can end it. If that is the game plan may be we do some botting faucet, its easier to do than playing game it's not only about earning, it's about putting together two things that you may like, playing video game and earning few cent or even more why not, if you are good enough, this is about skill, not gambling or anything else, only the best will earn more, it's not a field for everybody and actually you need to end it slowly and accumulate many resources, so you can cash more, so in the end who will earn more is the one that will play wisely his resource |
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Does anyone know how much Bitcoin each participant recieved?
50k is a lot of money. If there was 1k people then there would be $50 for everyone.
Did anyone on the forums attend the event?
i hope far less than that, because you can tell from their faces, that they are there for the quick buck, their btc will mostly likely be dumped It's a decent way to promote Bitcoin, the problem is when you give Bitcoin to idiots the most inmediate response will be dumping those Bitcoins for some dollars to spend in something stupid, so unneducated Bitcoin owners means Bitcoin dumpers.
yeah, this is exactly what came to my mind when i saw this post. i think it has a double effect, it can be good as long as it involves more people with bitcoin and expands the popularity. but it is not good at all if they just get the coins and immediately exchange it to fiat and be done with bitcoin. Bitcoins are ment to spent so i dont see what are you worrying it gives you easy option to buy things. It is good advertisement for mainly IBM and also Bitcoin. Exchanging to fiat or buying with Bitcoins gives you some Bitcoin experience that those of these that never own any will now experience. yes to spent, but not in fiat, but for buying goods directly, otherwise what's the point? just receive your fiat and you can buy even faster what you want |
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Sell in trusted and a famous exchanger and you know that is not a scam and your money is safe.
not always, looks at bitstamp and bitfinex they are famous exchange and they were trustable back then but they got hacked, no exchange should be trusted they are subordinated to hackers But you are sure about that exchange are trusted and have a good services. good services maybe, but trusted no, my point is that they are being used only because they are the most trusted, but no trusted 100%, and you are in the end to be bound to use them, you have no choice, they are the less worse out there |
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How the hell would u put network connectivity in a lightbulb?!
Wifi chips maybe? That's an example of it;  Yeah, sure, but how do u admin it and tell it to hook up to a network? LOL wifi connection embedded in that chip maybe, i can't think of something else |
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at this point it could be see like a game sub-genre that is dying like RTS or RTT or something alike, it surely looks like a niche market, but it was still a niche market even at 1200 of price, so not much has changed since then Looks like just another troll fud thread. Bitcoin isn't stalling but it might seem like it is making slow progress but that's not really true. There are new companies popping up and ploughing a lot of time money and effort into bitcoin and new businesses accepting bitcoin every day. Mainstream adoption/acceptance isn't going to happen overnight and that's why we need patience which I'm sure will be rewarded eventually but for those that don't have patience you may as well get out now and stop wasting your time on a bitcoin forum.
all they see is the price, if the price is bad = bitcoin dead, if it good = bitcoin not dead, meanwhile behind the scene, there is a big infrastructure that is rising and thriving |
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no thanks, they will just help to centralized the mining activity, right now there is no place for them to take profit either
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