They might start off with a store of energy, like batteries. Primitive civilizations used food (grains) as a store of value.  |
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The bulls are more likely to be prominent in this forum than the bears. |
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why don't you use a bitcoin service that locks your bitcoins value? that way you get a store of value with bitcoin
i can't recall any service like that, and it could potentially go against the bitcoin decentralization, because a service like that will probably be centralized... Hedged accounts are here now. https://support.coinjar.com/hc/en-us/articles/204157605 |
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Bitcoin has always been taxable.
It just has been tougher to enforce compliance.
As time goes by, action taken by authorities and thereby compliance will increase.
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I like the argument that Wall street getting involved will help bitcoin go mainstream.
I guess Wall Street will get in when Bitcoin is in its initial mainstream phase. The money will start flowing in only when those punters are sure there is money to be made. |
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Which App/Company can bring massive BTC adoption to the world?
I think messaging apps with new features including BTC of course, can do it.
Integration with major telecom companies could provide a boost. Mobile penetration is increasing in the developing world. |
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they can control the market, if they would acquire a very big amount, and they can do it easily, they are not interested for other reason, like the fact that bitcoin have still a low marketcap, and it bring nothing to them in term of money
They will still be bound by the same rules. Market manipulation is still market manipulation, whether with equities or with Bitcoin. |
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Damnit that sucks if that happens. Thats why BTC is better (no one can freeze your account)
If you are law abiding citizen and you have no debts then there is very little chance that your bank's account will be freezed. I hate banks in general, they are part of old system designed to rip out every penny from people, but I did not see many cases of freezing accounts without proofs that this account is indeed owned by dishonest fraudster. I may be wrong tho. When the government is in trouble, they can always take a bite out of your bank account. Thank Cyprus. |
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I just don't see how the two are at all compatible. Banks exist for one reason: to control the money supply so they can tip the balance in favor the shareholders and owners. Bitcoin is neutral. You cannot manipulate it to enrich the few at the expense of everyone. If anything banks will see bitcoin as a threat and will launch a campaign that made the chinese fud last year look like a birthday party. Banks are the enemy.
Banks will evolve. They may not even be called banks any more. But they provide a market for credit and will be around in one form or the other, even if Bitcoin succeeds. |
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Education is always better than dumbed-down services. Bitcoin's killer apps for Africa may (should?) come from Africa or Africans.
They most probably will. m-Pesa is a classic example of something which developed in Africa. http://en.wikipedia.org/wiki/M-Pesa#HistoryIn 2002, researchers at Gamos and the Commonwealth Telecommunications Organisation, funded by Department for International Development UK (DFID), documented that in Uganda, Botswana and Ghana, people were spontaneously using airtime as a proxy for money transfer. Africans were transferring airtime to their relatives or friends who were then using it or reselling it. Gamos researchers approached MCel in Mozambique, and in 2004 MCel introduced the first authorised airtime credit swapping – a precursor step towards M-Pesa |
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As a cashier, I'd be more than delighted to give every customer that pays with cash the finger and a pamplet that gives them the news flash to get updated with the rest of the world. But sadly I have to reject this urge and smile as I cringe counting small coins to give back to the customer's because nothing is ever a fucking exact amount. And yes, I just got off work and needed a place to express my fustrations. Why can't these fiat holders give in and pay for their groceries in bitcoin.  If counting notes is the only issue, paying with credit card would solve it. Why do you need Bitcoin? |
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The banks make a fortune from credit (debit) card fees and wire transfer fees. They will fight anything that jeopardizes that income, especially Bitcoin. That's the reason they are sometimes closing accounts with any transfers from Bitcoin businesses or exchanges without giving any reason.
You could have banks providing Bitcoin credit cards. People forget that you get up to 45 days of credit by using credit cards. That can't happen unless you have a bank. |
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I don't think they can leapfrog traditional banking. If they can't access the banking, how can they buy or cash out bitcoin through the exchanges, which accept fiat money deposits for them to trade or transfer fiat money to your bank account for withdrawal?
You don't need exchanges. You could have remittances coming in and then bitcoin circulating through the sale of goods and services |
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Wow, America really is a horrible place in terms of laws, politics and freedom.
In the UK we have to earn a a certain amount and only then do we begin paying back our student loans which just comes off our salary as income tax. Anything not paid off after 25 years is just written off.
That sounds like a recipe for disaster. You are shifting the risk of you not earning well to the bank? I wonder why banks would give education loans then. |
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Like the topic asks, is it legal, or illegal? I'm surprised the sites available now are the quality that are, same with the size. Just curious where the law stands when it comes to things like this, as far as licensing and such.
There was a crackdown on online poker sites in 2011, in which 3 of the biggest sites were taken down. http://www.wsj.com/articles/SB10001424052748704628404576265060852516194http://en.wikipedia.org/wiki/Unlawful_Internet_Gambling_Enforcement_Act_of_2006Apparently, sites still dont feel safe. http://arstechnica.com/tech-policy/2015/03/bitcoin-poker-exec-i-was-led-out-in-handcuffs-in-my-underwear/SealsWithClubs.eu, which bills itself as the world’s largest Bitcoin-based poker site, is in the process of issuing withdrawals to all players, shutting down US operations, and setting up shop in the Caribbean nation of Antigua and Barbuda under a new name.
The relocation comes in the wake of a recent raid on the Las Vegas home of the site's chairman, Bryon Micon. |
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that, it's true ... but it's not cheap  and traders don't love to pay tax for "every transaction". if yes, financial crisis will be solve from decade now.  They would probably negotiate a deal with exchanges. And the transaction fee is really negligible when you are dealing with large amounts. I presume they won't be dealing with dust.  |
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I have a safe deposit box. It contains (part of) my key. If I die, the bank will give my wife a key to it. While I am not dead, they won't. My wife has the other part of the key in her files.
I have followed an identical strategy. The only difference being the entire seed is there in the safe deposit box. My wife isn't that tech savvy, so I keep reminding her once in a while of the key in the safe deposit box. |
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We are assuming that most modern governments (at least the US) wouldn't use violence/threat of violence to extract information.
Where did you get that idea from? The US is pretty big on torture all things considered. Even for white collar crimes? If you are suspected of being part of Al-Qaeda, then it is a different story. Wasn't Guantanamo Bay set up because they couldn't torture prisoners on US soil? |
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