Bitcoin has created waves in the world of finance. Look back to 2013 when Bitcoin first came onto the horizon. Its value rose by 6000% in a single year. This is an incredible rate and it brought up the idea that the virtual currency could really succeed. But Bitcoin is a currency that has gained a lot of enemies. Companies that want to operate using the virtual currency struggle to create bank accounts, as a result. I spoke to Michael Gastauer, Founder and CEO of WB21 to discuss this issue that companies have. http://www.huffingtonpost.com/aj-agrawal/why-the-banks-see-bitcoin_b_9322022.htmlIf banks really want to see Bitcoin fail, they will lobby regulators about it. Reluctance of banks in opening accounts for bitcoin banks is due to heightened money laundering risk. They risk serious fines if any of their accounts is involved in money laundering. This results in higher monitoring and resultant higher cost. |
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Japan mulls over Bitcoin as a legal currencyJapan is debating changes to make the virtual currency Bitcoin legal tender, a move which could change the future of the cryptocurrency in the country. The country's current governors, the Liberal Democratic party, is planning to propose changes to the legal system which would define virtual currency such as Bitcoin, Dogecoin and Litecoin as official tender... continue to read I am surprised by this. Is any other currency of the world (perhaps the US dollar) accepted as legal tender in Japan? Most countries are reluctant to allow currencies other than their own sovereign currency as legal tender. |
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Bank safe our money , online & offline wallet handle our bitcoin.
They completely different and have separate function. IMO bitcoin never make bank disapper except it must having a crucial reason to take that decision, for example : if your local currency weaker badly depend when you're holding bitcoin ...
Yes banks and wallets are different, Banks hold paper currency while wallets hold internet currency. But when bitcoins will become so mature that they overrule all the currency and paper currency which bank holds have very little or low value, only then bitcoins will replace the Banks. Banks don't just hold paper currency, they give credit to people and companies. The world today runs on credit. As long as people need loans, banks will be around. |
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BTC is going up and up daily..
May be come down also in the Future.
I want to know How long is BTC life?
what is that important thing that will control BTC price?
Thanks
I think Bitcoin will outlive me. And that is all I care about. As bitcoin grows older, people will discover its true value and the price will increase. |
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Bitcoin Price Watch; 500 on the Cards?Yet again, we’ve had a pretty eventful weekend in the bitcoin price. We surmised that we might see some volatility on the Asian open, but actually ended up seeing the most volatile action early Sunday morning. Having gained throughout Saturday to overnight (and intraweek) highs just shy of 450 flat, price took a sharp hit to carve out weekend lows of... Read more $500? We just got past $400 a few weeks back. It is better to have steady, sustainable gains rather than a huge spike followed by a crash. |
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What Apple's Privacy Fight Means For BitcoinWhen it comes to writing opinion pieces, conventional wisdom demands that I take a side in any argument - the more extreme, the better. However, there are times when the issues are too complex to take one side clearly over the other. That holds true, for example, when it comes to the question of the anonymous nature of Bitcoin and to what extent, if any, that should be sacrificed for public safety and security. http://www.nasdaq.com/article/what-apples-privacy-fight-means-for-bitcoin-cm582687 The problem is that compromising in one case (say with national security in mind) just opens the flood doors. With Bitcoin's decentralized nature, I don't think the Government is in a position to impose any backdoors. That doesn't mean that they won't try. |
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Invest it somewhere else first and get a profit out of it. Faucets, miners etc. And sit here wit 8)h us wait for the right time we will be gunning BTCs.
Invest = Risk. That is what puts me off. I prefer to sit on my coins and watch them appreciate. |
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Bitcoins were supposed to remove the bank / middleman from the picture and hence cut down on transaction fees.
If that is not happening, I don't see why you should use a bitcoin debit card. You might as well use a fiat debit card.
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" Standard Chartered, Standard Bank’s parent, is entering the fray. In mid-2015, the company’s chief innovation officer called blockchain a force for good in a posting and added that blockchain could eventually cut costs for financial services such as credit cards, remittances and money transfers, opening these services up to people who can’t afford them. " Take note, they not saying ....We will makes these services cheaper to increase our profits... they have the vision of making it cheaper for more people to be able to afford it. This is truly a big move for a bank to make, when they are faced with possible disruption. They could either chose to fight it or to embrace it and moving forward. I googled this bank, and their slogan is ... moving forward. Once banks try to fight back with their own Blockchain private permissioned ledgers... they will go backwards down the wrong path..... Bitcoin is already the solution.  It should read opening these services up to people who currently can't afford them. I wouldn't attribute any altruistic motives to banks embracing the blockchain. Even if they take it to the masses, it is to increase volumes and ultimately improve profits. And he is definitely talking about the blockchain technology, not Bitcoin. |
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A lot of 900+kb blocks being generated today.
Had a high priority, zero fee transaction take some time to confirm today.
This was the case earlier when the stress tests were being conducted on the network.
Otherwise, high priority transactions used to get confirmed in a block or two.
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Faucets system are dying slowly,its easy to see that ,without ads and supporters faucets die,for other side games based into bitcoin are getting the place of faucets,even some of them working with the same model,but i believe that bitcoin games will replace faucets.
Yeah i agree with you. Faucets are really waste your time and it's not worth it. and luckly some people not feel this. so faucets owner are fine and can earn more money from the ads. The only possible use of faucets is to get somebody introduced to Bitcoin. As a means of earning money, it is worthless. Faucet owners benefit from a new set of people using their faucets every few weeks. |
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Would a patent even of been possible? Would he of made more money than his current bitcoin holdings?
If his interest was in the money, he would have spent some of his bitcoins by now. Patents are a rent seeking mechanism and they hinder further innovation. Bitcoin's true growth potential wouldn't have been visible if it was patented. |
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Sounds good, hope he'll be heard by the lawmakers there
Well we have one professor making news for positive views on Bitcoin. I remember another one (Mark Williams) who got his 2 minutes of fame by predicting that Bitcoin will drop to ~$10. |
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How are they going to go after criminals who use bitcoin mixing services? If confidential transactions don't get here quickly, mixing businesses will boom.  |
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Also, and I'm not trying to be mean here, why necessarily pay with bitcoin? I understand going there for the prices, but still.
If you strike up a conversation about Bitcoin, educate that person and pay with Bitcoin, you are increasing Bitcoin adoption. When Bitcoin adoption spreads, demand for bitcoins increases and the price increases. |
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In the case of Bitcoin, the more people protect themselves, and the more services offering some protection (bitmixer.io for example), the better.
We haven't seen the government really go after bitcoin or bitcoin service providers. If more and more services lean towards the 'dark' side, we might force the government to take a call. |
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The tokens can then be used either use to vote, trade with others or give to trusted third parties to carry out proxy votes.
Sounds like a recipe for disaster. If tokens are traded, it is equivalent to legalized buying of votes.
I don't think they are using the blockchain the right way.
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Nominal interest rates are a function of the risk free rate, risk premium and inflation.
With a deflationary currency like bitcoin, you can knock of the inflation bit.
The risk premium of course depends on the borrower - which is why you have obscene interest rates in the lending section.
I am curious about the risk free rate - would it be the same in USD and in BTC?
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it is very hard to earn any money for making a living with bitcoin, i think you have to have a company or something like that
That's true, at a bitcoin is good as a passive income which can take care of our extra expenses, but may be in future we can earn a living with bitcoin for sure. It depends on the level of your expenses. In a third world country, a bitcoin could be sufficient to meet all your monthly expenses. There are people in this forum who claim to pay rent out of their earnings in signature campaigns. |
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This is an interesting view point, although it sounds pretty stupid to me. The creators of the new software face potential liability and criminal sanctions if they are deemed administrators unless they register with the Feds
Does this mean that Satoshi is going to face a barrage of litigation if at all he decides to reveal his identity?  |
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