Sounds like a great arbitrage opportunity.

Business success is usually defined as making money. They were talking about Trump declaring bankruptcy several times making him an economy specialist.

The only example of success I can think of would be the GSA Auctions (https://gsaauctions.gov/gsaauctions/gsaauctions/). They successfully steal billions of dollars from people and sell it for a small fortune.

One example of failure would be the US Postal Service (https://www.usps.com/ship/welcome.htm).

Postal Service Net Income/Loss By Year

2015 - $5.1 billion loss
2014 - $5.5 billion loss
2013 - $5 billion loss
2012 - $15.9 billion loss
2011 - $5.1 billion loss
2010 - $8.5 billion loss
2009 - $3.8 billion loss
2008 - $2.8 billion loss
2007 - $5.1 billion loss


I wonder if FedEx or United Parcel Service would still be in business if they lost nearly $50 billion in the last 10 years?

I laughed so hard reading this the soda I was drinking came out my nose. ROFL

I gave him free ways to do it and that costs nearly $5 for every $1,200 sent. Besides I don't think ether of them have a UK bank account with online banking fully set up.

When you start talking about double exchange fees Bitcoin gets expensive. Bitcoin transaction fees are nothing but Bitcoin exchange fees in to and out of fiat are whacko. If you're going to spend Bitcoin directly then, at least, there's only one set of fees (one transaction and one exchange).

Not many US Government ventures are successful so he should fit right in.

Here's the fees if your interested OP.  Buy: 7.7%, Sell: 5.8%

Also I used one of those Bitcoin ATMs in San Francisco and it was enormously confusing and I use Bitcoin. This machine doesn't work like a regular ATM.

Check out my PS: above. That might be easier. If you just want him to use Bitcoin for the fun of it then good luck. I have friends in their 30's that I can't get to fully understand Bitcoin.

Easiest and cheapest way for you to give each other cash.

You go into Voss Veksel- og Landmandsbank and open a joint account with your grandpa. Have an extra ATM card made and mail it to him. Have him go into a Deutsche Bank S.p.A. in Italy and withdraw the money using his card (they have a joint agreement so it should be free). He can also deposit money for free at the same bank and you can withdraw in Norway.

PS: If he's so "out of it" that he can operate a debit card then send him some travelers cheques. They have built in fraud protection, are accepted everywhere like cash and you can insure them at the post.

Christian freaks! They want to make sure people remain "normal" and their kids aren't corrupted. All the while they are sneaking into their daughters room late at night and playing with their vaginas after a day of beating and raping their wives. The worst perverts in the world are moral majority pervs. I'll take a gay pride rally over a Sunday church service any day of the week. There's fewer perverts at the gay pride rally.






Son, I told you, if you're going to fuck your sisters drug them with cough syrup first like I do.

All young people should buy a house but NOT WITH BITCOIN and here's why:

Pride of Ownership
Pride of ownership is the number one reason why people yearn to own their home. It means you can paint the walls any color you desire, turn up the volume on your CD player, attach permanent fixtures and decorate your home according to your own taste. Home ownership gives you and your family a sense of stability and security. It's making an investment in your future.
 
Appreciation
Beyond pride of ownership, it's important to realize another benefit. First, real estate moves in cycles, sometimes up, sometimes down, yet over the years, real estate has consistently appreciated. The Office of Federal Housing Enterprise Oversight tracks the movements of single family home values across the country. Its House Price Index breaks down the changes by region and metropolitan area. Many people view their home investment as a hedge against inflation.
 
Mortgage Interest Deductions
Home ownership is a superb tax shelter and our tax rates favor homeowners. Sometimes the mortgage interest deduction can overshadow the desire for pride of ownership as well. As long as your mortgage balance is smaller than the price of your home, mortgage interest is fully deductible on your tax return. Interest is the largest component of your mortgage payment.
 
Property Tax Deductions
IRS Publication 530 contains tax information for first-time home buyers. Real estate property taxes paid for a first home and a vacation home are fully deductible for income tax purposes. In California, the passage of Proposition 13 in 1978 established the amount of assessed value after property changes hands and limited property tax increases to 2% per year or the rate of inflation, whichever is less.
 
Capital Gain Exclusion
As long as you have lived in your home for two of the past five years, you can exclude up to $250,000 for an individual or $500,000 for a married couple of profit from capital gains. You do not have to buy a replacement home or move up. There is no age restriction, and the "over-55" rule does not apply. You can exclude the above thresholds from taxes every 24 months, which means you could sell every two years and pocket your profit--subject to limitation--free from taxation.
 
Preferential Tax Treatment
If you receive more profit than the allowable exclusion upon sale of your home, that profit will be considered a capital asset as long as you owned your home for more than one year. Capital assets receive preferential tax treatment. This means even if your profit exceeds the exclusion, the taxable portion will be much less than you might imagine.
 
Mortgage Reduction Builds Equity
Each month, part of your monthly payment is applied to the principal balance of your loan, which reduces your obligation. The way amortization works, the principal portion of your principal and interest payment increases slightly every month. It is lowest on your first payment and highest on your last payment. On average, each $100,000 of a mortgage will reduce in balance the first year by about $500 in principal, bringing that balance at the end of your first 12 months to $99,500.

Your credit score will go through the roof if you pay your mortgage on time every month. I've owned a home every year of my life since I was 19 years old and I don't believe my credit score has ever been lower than 820.

I kind of see dogecoin or trumpcoin being the international currency first, followed by niggercoin then titcoin.

Here's what the waters say about it:

http://www.ebay.com/itm/BITMAIN-ANTMINER-S7-4-73-TH-s-NO-POWER-SUPPLY-INCLUDED-/252637787296?hash=item3ad262b4a0:g:rDsAAOSwImRYK3Q0

$350-400 depending on whether you have a power supply with it or not. There's a shitload of them out there for sale too.

Thanks for that video. It really does speak to the issue Trump detractors might have with his leadership ability. He needs to formulate policies that improve the situation for Americans in concert with the house and senate or he won't survive long.

People also forget (or maybe don't know) that in 2018 elections will happen in the middle of Donald Trump's term. 435 seats in the United States House of Representatives and 33 of the 100 seats in the United States Senate will be up for grabs. 38 state governors and many other state and local elections will also happen. If Trump or the congress gets too stupid over the next two years a bunch of politicians will end up without jobs. There is no electoral college blocking the people in the case of the house and senate elections. They will simply be fired directly by the people and they know it.

If Bitcoin's design was so broken as to allow this then we shouldn't be using it anyway. That means it wasn't what we thought it was. That means Bitcoin was just an early attempt to anonymize purchases for darkweb drug sales and it failed. If you get trapped with too many btc you can't sell, just go to btc-e and exchange them for ltc or some other coin that you can sell. I personally think you're all worrying about nothing.

I've been saying this for a long time OP.

Bitcoins initial success was based on a business that absolutely required people to learn how to use it. If you wanted to buy drugs on the Silk Road you had to use Bitcoin.

If we could start a mainstream (legal) business or product that everyone wanted which required the use of Bitcoin (like Silk Road did) we could start tons of people learning about and using Bitcoin. The question is, "what do we sell or what kind of business do we run"?

What product cannot be purchased by any other means, is in high demand, and can't be easily duplicated by another company? Unfortunately, the only one I can think of is drugs.

There have been more than a few women responsible for wars and murder.

But the dollar is rebounding and Bitcoin is back up to $701.

For 25 million I think I could relocate to a more favorable country to liquidate them. I wouldn't need to risk jail time to sell them off.

Just the idea that someone would risk jail time for a payment system is kind of looney. If the government said you would get five years in a federal prison (no parole) would you risk using PayPal? ApplePay? M-Pesa? Google Wallet? WePay? Braintree? Skrill? I understand they are different from Bitcoin but they are still just value transfer systems.

You're all making Bitcoin sound more like a sinister cult than a Peer-To-Peer Electronic Cash System.

If it's inversely tracking the dollar then Trump could be a killer for Bitcoin.