what have they done here and does it actually mean anything. 2014 seems compressed compared to 2013 makes me want to put on my tinfoil hat  |
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Thanks, do you use Circle? if so, overall experience? Not yet waiting for circle to implement in more countries young company and I think what they got is ideal really looking forward to see them expand |
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Is this finally what we need for mainstream consumer use. A wallet that connects to my bank account and all my bitcoin is insured, mobile app on the way. https://www.circle.com/insured how? what happens if they go bankrupt with huge amounts of coins disappeared? customers get back most of it 1.5 years later, if the insurance company is still around? Great question.. we have seen many companies come and go leaving a trail of tears... Who insures this company? What are the terms. So this is the Paypal of the Bitcoin world. How does Circle make money? Can they explain that? "You shouldn't have to pay fees to use your own money. We don't charge fees when you convert funds to or from bitcoin with a linked bank account, when you store your bitcoin, or for bitcoin transactions." <-- from the website. Insurance and terms https://www.circle.com/en/user-agreement insurance policy with Marsh Insurance |
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Circle is good option for mainstream consumer if there is some noticable discount when paying with Bitcoin - otherwise mainstream consumer does not have any incentive to use Bitcoin over other payment method - I doubt mainstream consumer will use Bitcoin because of the idea of decentralized freedoom currency.
from the website ..."We don't charge fees when you convert funds to or from bitcoin with a linked bank account, when you store your bitcoin, or for bitcoin transactions."... |
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This is a solution for mainstream US consumers, but not really geared towards the rest of us, unfortunately.
Why US only ? because of bank account or what Maybe in few months, they will include other countries. Is it not the beginning, I have been in contact with circle and yes they are going to expand into the global market. Game changer being an online wallet/app on your smartphone insured against theft and loss that everyday consumers can use when at the shop paying for goods and services, just like your credit card or online bank account is there anything else out there with this added security as opposed to a bitcoin wallet app on your phone that is not insured It's still a centralized wallet right? They have the private keys? General consumer would not be concerned either way same as a bank is centralized what the game changer is is your bitcoin is insured and the future prospect of using your phone as a wallet if we want to see bitcoin hit mainstream for the non technical consumer can this not do it? |
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This is a solution for mainstream US consumers, but not really geared towards the rest of us, unfortunately.
Why US only ? because of bank account or what Maybe in few months, they will include other countries. Is it not the beginning, I have been in contact with circle and yes they are going to expand into the global market. Game changer being an online wallet/app on your smartphone insured against theft and loss that everyday consumers can use when at the shop paying for goods and services, just like your credit card or online bank account is there anything else out there with this added security as opposed to a bitcoin wallet app on your phone that is not insured |
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This is a solution for mainstream US consumers, but not really geared towards the rest of us, unfortunately.
Is it not the beginning, I have been in contact with circle and yes they are going to expand into the global market and yes i can use it now. Game changer being an online wallet/app on your smartphone insured against theft and loss that everyday consumers can use when at the shop paying for goods and services, just like your credit card or online bank account is there anything else out there with this added security as opposed to a bitcoin wallet app on your phone that is not insured |
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Is this finally what we need for mainstream consumer use. A wallet that connects to my bank account and all my bitcoin is insured, mobile app on the way. https://www.circle.com/ |
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Serious question, to gauge the level of engagement of the players here?
Whats a gitmo and why would it affect my wallet |
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Keep your coins off the exchanges!! they use your funds to manipulate prices
And banks, investments are not doing the same thing (wow), quick pull all your cash out of the banks and watch what happens.
....but keeping your cash in the bank doesnt affect the value of USD yes it does there would be no value in the USD if everyone pulled their money out of the banks, who would invest in the USD or US investments no-one therefore having your money in the bank helps the USD and BTC in the exchanges helps BTC not saying keep all BTC in exchange but everyone who trades keeps some in there and it is good for btc (shit fight + transactions going from wallet to exchange and back again to trade) |
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I don't think it would be realistic to run the full blockchain on a phone so the kind of wallet he is thinking of would have to talk back to a version of the bitcoin client running on a computer you control. I suspect this one, like Mycelium, talks to a server hosting the blockchain. (Though with Mycelium, at least, the transaction signing does occur on the phone so it should be safe for certain values of safe) US only at the moment and the best thing is your btc is insured |
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Hopefully when Koinyx exchange comes out it will be able to handle these types of situations without the 2-3 hour delays that are imposed to limit actual benefit to customers instead of the exchange operators. I love the idea of arbitrage, but good luck when sending coins takes 10x longer than it should because of shady exchanges.
does your bank not do the same thing. therefore i agree, shady practices everywhere but if you want to invest that is what you have to use as you said until something better comes along for me in the case of fiat versus bitcoin i will take the bitcoin exchanges over the banks I have lost almost $1500 to a shady exchange but have made 3 times my initial investment on others, like to see a bank do that with reduced fess and transaction times sending money around the world. i lost over 20% of one of my transactions using a wire transfer which was way more on a percentage basis to my loss on a shady exchange |
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Keep your coins off the exchanges!! they use your funds to manipulate prices
And banks, investments are not doing the same thing (wow), quick pull all your cash out of the banks and watch what happens.
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There is nothing going on here that is not already going on in banks, politics, brokers, finance advisers, investments, tenders, contracts, business practices and they have laws that protect these people, get what you can, how you can.
would you still own slaves even is the law said it was ok?
would you not advocate for people free of laws that prohibit freedoms
freedom without taxes is a right
freedom to be scammed is a right
if you do not want to get caught (scammed, prison for scamming) get educated, because no matter where you turn legal or not banks, governments the person next to you are trying to scam you.
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Fiat is *designed* to lose value over time. That's what discourages hoarding and encourages investing. Who but in idiot would invest in a business that earns 10% a year, when one could get more by simply keeping his money in a mattress? (The Bitcoiner's Dream) Fiat is not intended to be a good store of value.
Regardless of Bitcoin's claim to be a good store of value, over the last year Bitcoin has really been losing it--even when measured in USD! And since we both agree that fiat is utter shit store of value, how shit does that make Bitcoin?
how does one save if one is always forced to speculate on the market, or are 10% profits guaranteed every year? oh yes I forgot they are, and the poor suckers at the bottom who earn those inflating dollars last pay the highest price, gosh I love systems that propagate poverty. What makes you think you're entitled to hoard while others starve? The "poor suckers" live from paycheck to paycheck (if that), there's no excess to "save." It's the sorta-rich fuckers who bitch about inflation and taxes. But guess what, rich wannabe? The real rich are smarter and shrewder than you, I'm afraid you'll have to resign yourself to a life of mediocrity  what is forex trading? bitcoin shit store of value that means the initial investment 4 years ago is crap is 4 years a good short term investment? |
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very bullish sentiment currently in the poll above
recent discussion i came across was very logical fact the majority of trades are bad and only a minority profit from trades is it not fair to say then the leading poll prediction is mostly wrong |
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more submissions please Magi Coin win the contest yet?  |
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So now everyone is agree we're going down.
According to the Rule of Maximum Pain : everyone is always wrong.
What is maximum pain right now?
option A. Loooooong serie of unpredictable jumps and drops until nobody knows what's going on and lose all his BTC with bad trades
option B. Big rise, too fast to get into (maybe not now... only when everyone will be sure we gonna fall in the abyss)
bonus : when everyone is aboard, we realize it's a dead cat bounce and the truth is we are going down again
The Rule of Maximum Pain sounds similar to Murphy's Law. Whatever can go wrong will go wrong. Same result but there is a difference : Murphy's law is based on false impressions. Rule of Maximum Pain has a real base : 80% of the traders are doing bad trades and 20% take the money. So what 80% of us find likely will be always the bad choice. the most logical thought yet 80% of people are wrong in their prediction if they yell sell then buy if they yell buy then sell if it is quiet hodl |
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looks like any other chart take a look at the chart it goes up then down like most other stock and each bottom is bigger than the last time nothing to see here move along  Google Trends for "Bitcoin" searches. The first peak in 2011 is when Bitcoin got initial attention. The second peak in mid-2013 is the China bubble. The third and biggest peak in 2014 is the Mt. Gox collapse. The first two were when the two big Bitcoin runups happened. The Mt. Gox collapse, no so much. Post Mt. Gox, the hype level has been modest, and the price has been flat or declining. |
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