Maybe this can help, people in this forum are very good convincing
Oh yeah sure, lets encourage all the trolls and the toxicity of this forum translate in the SEC via all your emails. I know it will not help the cause but the effect might be really worth it. Dont forget to mention this forum. They might want to see where we come from. |
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Use your seed words and start your wallet security features again from scratch. Thats the only way you can bypass your password and second password. Nobody else can solve your wallet problems for you except you because you have total control of it. If you have problems with your seed words then the fault is yours and yours alone.
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Making a local bitcoin exchange would need some serious studies about the viability of this kind of project. You can be a local exchanger but what would make people to use your service instead the giants that are already established ? Maybe a local payment solution related to your country but nowadays, you can buy and sell bitcoin with all the payments possible. I afraid the market is somehow "saturated" and or difficult to be in at least
In my opinion there would be no need for a local BTC exchange. BTC was designed to be open to everyone who wants to use it and it has the ability to operate outside of the law and instead it creates its own layer of payments that can cross borders. Why limit it by going local? Use it they way it should be. Borderless. What are you talking about? Having local exchanges doesn't take anything away from the open nature of Bitcoin. It just gives ease of use to the people who use Bitcoin. OP, what you're talking about is basically a Bitcoin ATM. I have no idea how much profit they gain, guess it depends on their location. I'd like to see some usage statistics from people who own one though. Of course it does. Why make your exchange local when BTC crosses borders in the first place? Why not make the exchange available on the internet for anyone from any country? Setting up a local exchange is counterintuitive. It does not have to be counterintuitive, some people may not like to exchange their coins in a faceless international exchange by buying locally you could get to know exactly where the exchange is located and that diminishes the risk of getting scammed bu the exchange since you knew where were they located. Before you comment make sure you know the meaning of counterintuitive and what I was trying to say in my post. There is no need for a local BTC exchange if you want person to person transfers. You can use localbitcoins.com for that. Post your buy or sell order and specify that you want to pay or get paid in person. Its that simple. |
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Leave it alone. The SEC wont take you seriously anyway. Spamming their email will just be a nuisance to them. Why would they listen to a scruffy little nobody like you and me? They more important things to do than reading emails from the nobodies of the BTC community.
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Hey guys,
so, what is the easiest and cheapest way to buyt BTC using credit card. I have been using a few websites but would like to hear your opinion. Also, what Bitcoin debit card you use to spend you coins and why? It s important to be worldwide available, not only US.
Thx.
My suggestion would be to find out if your credit card allows you to withdraw cash from an ATM. Some credit card issuers allow this but you pay interest of course just like a loan. You can then use the cash and make a deposit in an exchange and buy BTC at a better rate. |
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A tip bot in any chat is always fun. It will also make the quality of discussion higher, funnier and smarter. And it always feels good to get a tip or two after making a witty retort with someone.
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Has blockchain.info improved their security recently? I use them for small amounts and it all looks secure to me. They have an HD wallet and I enabled 2FA, second password, I also disabled TOR access and I get a confirmation email everytime I log in. Isnt that secure enough? |
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Making a local bitcoin exchange would need some serious studies about the viability of this kind of project. You can be a local exchanger but what would make people to use your service instead the giants that are already established ? Maybe a local payment solution related to your country but nowadays, you can buy and sell bitcoin with all the payments possible. I afraid the market is somehow "saturated" and or difficult to be in at least
In my opinion there would be no need for a local BTC exchange. BTC was designed to be open to everyone who wants to use it and it has the ability to operate outside of the law and instead it creates its own layer of payments that can cross borders. Why limit it by going local? Use it they way it should be. Borderless. What are you talking about? Having local exchanges doesn't take anything away from the open nature of Bitcoin. It just gives ease of use to the people who use Bitcoin. OP, what you're talking about is basically a Bitcoin ATM. I have no idea how much profit they gain, guess it depends on their location. I'd like to see some usage statistics from people who own one though. Of course it does. Why make your exchange local when BTC crosses borders in the first place? Why not make the exchange available on the internet for anyone from any country? Setting up a local exchange is counterintuitive. |
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How do you see Bitrated for Bitcoin? Please let us know your thoughts about it.  I like the reputation system idea behind the marketplace. But I dislike the part where it needs to get your social media information. Those can be faked and it can be used to cheat the system. I wish there was the same type idea but with a decentralized network working under it. Does Open Bazaar have an effective reputation system? |
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Making a local bitcoin exchange would need some serious studies about the viability of this kind of project. You can be a local exchanger but what would make people to use your service instead the giants that are already established ? Maybe a local payment solution related to your country but nowadays, you can buy and sell bitcoin with all the payments possible. I afraid the market is somehow "saturated" and or difficult to be in at least
In my opinion there would be no need for a local BTC exchange. BTC was designed to be open to everyone who wants to use it and it has the ability to operate outside of the law and instead it creates its own layer of payments that can cross borders. Why limit it by going local? Use it they way it should be. Borderless. |
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If you don't hold your keys you don't hold your coins.....simple
This is the same with all major web wallets out there There are hybrid wallets (like Blockchain.info wallet) which allow you to keep your keys and use them in desktop wallets, but personally, I consider this approach as very risky, i.e. riskier than using both personal and web wallets. The major reason is that in either of these use cases your private keys never hit the Web. In the case of personal wallet, they are kept on the client side (on your computer), while in the case of web wallet, they are on the server side. With hybrid wallets you are susceptible to the so-called man-in-the-middle attack (even if all the traffic is encrypted). In fact, the Blockchain wallet keys had already been stolen in the past via using a compromised Tor node (or specifically set up by hackers, I don't quite remember which) Thats scary. Good thing I avoid using blockchain.info. Anyway I want to ask if I use the Bit.ac wallet for Monero, will I still be using the advantages of having anonymous payments? I know between me and Bit.ac there will be less or no anonymity unless I use a VPN and Tor but for me and the payee, will he know that the XMR payment will come from my Bit.ac wallet? But I think it is still possible to remain anonymous in this case, if you just use a VPN everytime. In that case there would be no need to use Monero then. I could still use BTC and a VPN with no problems of losing any value if I held another coin like XMR. |
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Since the list was given already. I just want to add that there are members here on forum that are experiencing the effect of cloudbleed. You can refer to this post by this guy Anybody got password reset email from yobit and pocketdice? the hackers are trying to attack accounts now. Beware people and just change your passwords on those sites already. We've warned you. Thanks for the warning. I have enabled 2FA in all my accounts and changed my passwords. It all feels safer now. Another thing to look out for is what if I lose my device with the 2FA app? You can restore 2FA via google account settings. ALso site gives you a backup codes in this kind of situations IMO. Are you sure it can be restored via Google account settings? I thought the main idea of 2FA is to have an offline way of protecting your accounts. I would not want my recovery keys to be available online for hackers to steal. |
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Since the list was given already. I just want to add that there are members here on forum that are experiencing the effect of cloudbleed. You can refer to this post by this guy Anybody got password reset email from yobit and pocketdice? the hackers are trying to attack accounts now. Beware people and just change your passwords on those sites already. We've warned you. Thanks for the warning. I have enabled 2FA in all my accounts and changed my passwords. It all feels safer now. Another thing to look out for is what if I lose my device with the 2FA app? |
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If you don't hold your keys you don't hold your coins.....simple
This is the same with all major web wallets out there There are hybrid wallets (like Blockchain.info wallet) which allow you to keep your keys and use them in desktop wallets, but personally, I consider this approach as very risky, i.e. riskier than using both personal and web wallets. The major reason is that in either of these use cases your private keys never hit the Web. In the case of personal wallet, they are kept on the client side (on your computer), while in the case of web wallet, they are on the server side. With hybrid wallets you are susceptible to the so-called man-in-the-middle attack (even if all the traffic is encrypted). In fact, the Blockchain wallet keys had already been stolen in the past via using a compromised Tor node (or specifically set up by hackers, I don't quite remember which) Thats scary. Good thing I avoid using blockchain.info. Anyway I want to ask if I use the Bit.ac wallet for Monero, will I still be using the advantages of having anonymous payments? I know between me and Bit.ac there will be less or no anonymity unless I use a VPN and Tor but for me and the payee, will he know that the XMR payment will come from my Bit.ac wallet? |
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Yup. Its profitable business. Excahnge usually gets profits for every transactions has been made. Some exchange takes .02% or more. I think China exchanges the cheapest fee for every transactions. Actually China exchanges are not charging fees. But they are forced to take fees because of PBOC. If you want to create an exchange site. I think fee is the key to make it successful. So make the fee cheap.
May I know of you have some experience in running or managing an exchange? Its so easy to say that its profitable however there are costs and expenses to think about. I think most of the exchanges are barely making some money. |
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Blossom recently got its first investment from BMT Nusantara Condet, a financial institution that operates under Islamic principles. What does that mean? All financial institutions operate under only one principle: GREED. Im not saying greed is bad. In their industry, its needed actually. Their competitors will eat them alive if their not willing to be ruthless. That brings me to the question how much interest is Blossom charging to the micro businesses that borrowed money from them? |
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Is making a bitcoin exchange a profitable business? Has anyone have any experience?
And I don't mean an online one, but a local one where people can go and buy/sell bitcoin.
What do you think?
I can understand that it will depend upon the location, but I think it can help in inviting more people to bitcoin too, right?
Yes it is very profitable and I have tried to do some selling and buying in small amounts for my friends when MMM is still around and kicking. The secret is to make a wide gap between buy and sell so you can really gain something. For example the price of bitcoin for sale is 1000$ as stated in the exchangers then you sell bitcoins at 1001$ then if they will sell their bitcoins you will buy them at 995$. That way you will gain profit and if they complain just tell them to look for another seller and buyer if they are not satisfied with your services. To small time clients that will be plausible but to big time clients I dont know if it will work. How profitable is it? Can you give us how much you earn monthly? It doesnt have to be the exact monthly earnings, just a ballpark figure will do, how many clients you have and how did you get those clients. Another important figure to look at is the growth rate. How large is your market and how much growth do you expect to have to maintain your trading business' success? |
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In my opinion Blockstream should drop SegWit until it is really necessary and just up the Block size for now to 3 MB, to see if that would alleviate the problems we have now. The spam attacks will be less disruptive and more expensive and we will move forward. Yes, increasing the Block size is not the ideal solution, but it is the option that would be more popular.  The problem there is the supporters, miners or not, of BU dont want that. They want the miners to have more control in deciding how large or small the block sizes should be. My answer for Abiky is nobody knows what the right path is. Thats why we are having this devate because all options have their own pros and cons. |
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As I know most bitcoin users still focus on online business like trading, faucets and online store. If you have enough bitcoin would you invest your bitcoin in offline business like aggricultural Industry, Culinary or may be tourism Industry?
Bitcoin will be known by a lot of people if most bitcoin users use the bitcoin to do offline business. You can use your bitcoin for funding or payment. When your government prohibit bitcoin you can use bitcoin as funding option. I think if you can make sustainable and profitable offilne business there will be a lot of investors from bitcoin comunity who want to take a part in your businsess. Do you think this idea is possible?
I like to invest on an offline business but I don't want to focus with those 3 that you have mentioned. Since agricultural business is applicable in my place but I don't want to make myself dwell with it. There are more types of businesses that I can invest with my bitcoins when it comes to offline. I wanted to be into sales by using the fund I got for buying and selling. I have one question that all the posters here failed to answer. So this question goes to all of you who says you want to invest BTC in an offline business. Where do you get your Bitcoins that youre wanting to invest in an offline business? Not from your signature campaigns I hope because that would be too funny. Of course signature campaign is not my main source of income in earning bitcoins. Most of it, I'm getting from trading, joining ICO's and there are some of it that I invested from buying when the price of bitcoin is still quite low. Actually I'm a real investor and my main focus is with real properties though I'm not that big, I'm starting. Sorry, I will only believe it when I see it. Its easy to say in a forum that you did invest when BTC was at a low price. If you really are rich from BTC trading and investing you will not bother joining a signature campaign and keep spamming the forum. |
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IF BU Fails the Transactions problem will never be fixed. If Segwit Fails, EVIL BTC Core Dev will not be able to Steal transaction fees away from the Miners. And LN will not become a fractional reserve style system that BTC Core totally controls. LN will not become Crypto banking 2.0 and we keep the dirty bankers out of crypto until the slick bastards make another attempt.   FYI: IF BTC Core was worth a crap , they would release a hardfork with a simple 2MB blocksize instead of letting the fees skyrocket and transaction delay for 3 days. I think youre misinformed or youre misinforming others about the Lightning Network. BTC Core doesnt have a monopoly on what layer is built on the network if segwit is activated. There are other groups who are already coding other executions of it. |
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