News like these and other similar ones are really exciting as it contributes in the wider acceptance and recognition of bitcoin. Uber starting to accept bitcoin is really a good news as others in the same industry will follow the suit and it will greatly benefit bitcoin.
All I see in that tweet is a picture of a piece of paper stuck to a window. I can't find any legitimate source that says that Uber accepts bitcoin directly in any way. As always, drivers could accept tips in any currency, but they've recently added the ability to tip directly in the app. No bitcoin, just USD... |
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Interesting indeed, but I am a bit wary when governments want a slice of this pie. I dont think its a good thing that one country has majority over hashpower. I wish my country was as this proactive.
I think it's inevitable. Bitcoin's decentralized nature made governments scared to act against it, for fear of falling behind the others. Now, they will start scrambling to secure a piece of the pie. Is it a good thing? Well, if it takes mining power away from China, it probably is. Russia definitely won't be the last country moving in this direction. |
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This was expected with the amount of money coming in with every ICO and i just want to see how they will be handling this,some of the exchanges have already stopped accepting US citizens to deal with alt coin and majority of the ICO i saw in the past few months are not taking money from US citizens ,but i am not sure how this crackdown works Surprisingly, the SEC was very lax regarding the ICO hype. They said that ICO tokens may be securities, but they also said they weren't pursuing charges against anyone. It seems like the crackdown is less against cryptocurrencies, and more against unregulated money service businesses. I think same, problem is that crypto are anonymous and that no government like. My opinion is that crypto which will not be connect with banks-government will disappear in the future, not because people will not like, but because government and banks will push them down. Anarchist say that bitcoin will be future currency but who will regulate it, big miners from China, are they better than our government ? The winner will be crypto which will be connect with government and banks. Well, the idea of Bitcoin is not that it is "regulated" or "governed" by miners. They are incentivized to be honest by mining rewards. In this way, Bitcoin can remain decentralized. It makes no sense for a cryptocurrency to be connected with governments and banks; there are much more efficient value transfer systems available in trusted settings. But in the future, I think governments and banks will try to sell this idea of government-backed crypto to the masses, in order to compete with truly decentralized cryptocurrencies like Bitcoin. |
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This was expected with the amount of money coming in with every ICO and i just want to see how they will be handling this,some of the exchanges have already stopped accepting US citizens to deal with alt coin and majority of the ICO i saw in the past few months are not taking money from US citizens ,but i am not sure how this crackdown works Surprisingly, the SEC was very lax regarding the ICO hype. They said that ICO tokens may be securities, but they also said they weren't pursuing charges against anyone. It seems like the crackdown is less against cryptocurrencies, and more against unregulated money service businesses. |
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Alright thanks all. I there some sort of universal alarm one can set which alerts you if ANY coin drops or raises within like 50% for instance?
Not that I know of. But maybe there are some options in that regard with Coinigy. It's a paid service (I haven't tried it), but I think there is a free trial option. You can set alarms for any market that Bitcoinwisdom has (i.e. for all their altcoin pairs), but unfortunately, they stopped adding new coins quite a while ago. |
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Is it possbile to get alarms or some sort of warning when prices fall and raise to a certain level? Either on exchanges or something like Coingy, If you're looking for a specific target? Thanks in advance!  My standard alarms for Bitcoin are on Bitcoinwisdom. I use Tradingview for alarms on some altcoins (although you need a PRO account for multiple alarms). I also use the Bitcoin Ticker app, which can send push notifications to your phone when the price hits certain points. No experience with Coinigy, sorry. |
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Bitcoin works through the exchanges and they also depend on the banks and so they all need each other.
For now, maybe. We are still in the early adoption phase, and Bitcoin is still considered risky, new and speculative. We look to the exchanges for price discovery, and we consider everything priced in dollars (or whichever fiat currency is used where you live). But in the future, all of that might be irrelevant. In a future economy where cryptocurrencies are ubiquitous, users and merchants would freely interface without the need for banks nor exchanges. That's the end goal. That doesn't necessarily mean cryptocurrencies need to replace fiat currencies. It just means that we don't need the banks. |
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There's a pretty high chance that there is going to be nothing done to Bitcoin at this point, at least, nothing that the banks will be doing directly.
That's my thinking. There was a lot of tough talk a couple years ago... some Congressmen wanted to ban it. I think that due to the global nature of bitcoin and cryptocurrencies (and the fact that they refused to die) made it such that no governments wanted to ban the technology. Doing so would only make them fall behind in a burgeoning sector. |
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I was trading at Poloniex. But I transferred all my altcoins to bittrex. For me at the moment best one is Bittrex. My ticket even got an answer. Do you think is it possible at Polo? I want to increase my level verification from 1 to 2 at the end of april. My application is just answered. They want from me a bill with address and my name. I am not patient enough to wait for another 5 months. I have done second level verification at Bittrex in 10 minutes.
I was reading into Bittrex's KYC process. I'm not crazy about giving my name, address and birth date and having it verified through public records. They say that if they can't verify through public records, they will verify through a mobile phone number (sending a text). Does anyone have experience with this? Will a Google Voice number work? |
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Would make sense in allot of places. instead of denominating values with full BTC's (which is a rather big sum) using mBTC is more convenient, I already seen multiple websites applying it like that.
I've seen it done in some casinos and dice betting sites. Things like that. But for purchases (i.e. Bitpay), price discovery (major exchanges), and most other things, BTC denomination is the norm. We've been doing it since 2009. Don't fix what ain't broke! |
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No we should be using Satoshis. Currently $1 US is equal to just 25,000 Satoshis. So we should be using it.
That makes even less sense. Typical network fees are many, many thousands of times more than a satoshi. Dollar value doesn't matter. It's totally irrelevant to the protocol, so it shouldn't determine how bitcoiners denominate their bitcoins. |
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Banks will not start any war against crypto. The smart banks will try to adopt it, the dumb banks will crash.
The governments though, they will fight it with all they've got.
I remember hearing that the European Central Bank was telling people not to invest in Bitcoin and trying to exaggerate the risks of speculative investing in cryptocurrencies. Fair enough, they are speculative, but it seems that the gambles made by early investors are certainly bearing fruit now. Even governments seem mostly receptive at this point. |
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I very highly doubt that there is a need for a brand new exchange just for this. Hmm, that hasn't stopped new exchanges from popping up before. It's a question of marketing and incentives for traders. Launching the site would require immense trust and advertising. People don't even trust bittrex, bitfinex, and btc-e just got shut down. Why would they trust you? I'd agree that this is the big hurdle for any new exchange. While the vacuum left by BTC-e does need to be filled, it'll be tough to gain trust. Charging a percentage withdrawal fee also makes no sense imo.
Considering the position of Okcoin and Huobi in the Chinese markets (as mentioned above) that might not be true. |
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Would that increase adoption? I know many people hesitate due to the high price and would probably buy it if it was seen as "less expensive".
$3.9 USD per 1 mBTC
This again? There was endless talk about this back in 2013. In fact, I think I remember Bitcoinity switching to mBTC after Bitcoin crossed $1000 back then. I personally hate the idea, and when I use a new wallet, I always use BTC denomination. I count everything in BTC, down to the satoshi. |
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Banks will never start a war against Bitcoin. I think The banks will find a way to use Bitcoin in their favor. Banks love money, no matter where they come from.
Indeed, banks are filing blockchain patents left and right. They'll integrate bitcoin services in time because there will be demand for it; and they'll generate bitcoin revenue as a result. The ones who will be hurt in the end are the central banks, not the commercial banks. |
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The only fee charged would be a 0.1% withdrawal fee, all trading volume would be no-fee
Also, forgot to mention because of my jurisdiction, there would be no KYC requirements
I'm just trying to gauge people's opinions on this, thanks!
I'm interested. Considering no trading commissions, small traders (who withdraw, say, <4 BTC at a time) would do very well in this environment, assuming there is liquidity, especially when you consider the types of fees that Bitfinex and Bitmex are already charging for BTC withdrawals. What's the ETA for launch? |
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Btctalk name: manchester93
Rank: Member
Current post count: 60
BTC Address: 18jgXSJN7jyhPfvjeX52vRmBMeBpxQpJVW
Wear appropriate signature: Yes
Wear avatar: N/A
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They do really need this kind of verifications and this is why this exchange wallet sucks and you cant really use up telephone numbers and they do strictly need cellphone users since code are being sent by on a message.
Well, if you have a house phone, I'm guessing you can afford a burner phone, right? What does it cost, $25? Just load some minutes on it initially and don't use it otherwise. Problem solved... |
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it seems like u.s wants to control cryptocurrency and make it their own and bully other countries cause they are scared it will take over the u.s dollar. bitfinex is doing the rite thing taking u.s residents out of the equation cause the baggage is the u.s government.
I think the feds are just picking the low-hanging fruit. They realize that cryptocurrency is here to stay. Bitfinex still faces problems, because they operated in the US for years without a license. And then, there was the whole token thing, which may not sit well with the SEC... |
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Seizing a domain name is not a big deal, any domain, for that matter. But seizing domains that don't officially sit in the US jurisdiction will be another violation of sovereignty (as far as I understand it). And while technically it might not be difficult, it could be next to impossible politically. What prevents Bitfinex from registering a new domain in some US-hostile country, say, Iran? As I see it, domain names should be Bitfinex' least concern. Seizing the domain is about making a statement. The banking world would shut them out (well, already done in Bitfinex's case), and they would forever have a target on their back and risk of seizures. Further, Bitfinex is a whole lot larger than Btc-e, and they had tensions with the CFTC in the past, so, first, they are more tasty than Btc-e, so to speak, and, second, they should be prepared to the US "law enforcing" agencies to go after their servers (and even more so now that Btc-e servers got seized). So the real question is whether the US already tried that but failed or they are yet to try. Besides, Bitfinex has already been blacklisted by the US banks (see Wells Fargo), so there likely was (is) something going on behind the scenes, and it kinda looks that this exchange is far better prepared to the kind of attack that Btc-e fell victim to
I think it's more just a matter of time. The feds take years to build these cases. |
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