Thanks for the clarifications and warnings. It does indeed seem like one needs to have an awful lot of trust in Xapo and that they will no abscond with your coins.
Which is fine when you are talking about a few satoshis when you're just playing around with bitcoin to figure out how it all works.
If they choose to take it all or block the account I stand to lose like 0.02¢ or something equally insignificant.
However, when you start talking about 'real' amounts >0.01BTC etc, why on earth would anyone use a system like Xapo?
The risks clearly outweigh the benefits... as I've learned in the last week or so since starting with BTC, if you dont have the private keys, you don't own anything. Even the new block chain.info doesn't provide private keys anymore, so that is a no go.
Looks like the desktop, paper and hardware wallets are going to be the way to go as I get 'serious' about BTC
And maybe a 'hot' wallet with some scraps in it for quick, easy access.
I couldn't have said it better myself Do not, under any circumstances store anything of real value on a centralized wallet. It will bite you in the ads, we just never know when. |
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0.2 BTC! LOL jk
0.3!
So assuming I'm the highest bid I'd like it shipped ASAP. is this the right place for the free sandwiches?
I heard it's either a ravishing tea set or a left size 9 women's red pump.
Is this an auction by the way? (I could have started with that question). |
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I must say, this is the coolest thread I've seen in a long time. It's obviously not practical/logical but this is really cool even to just say that you've done it (or know how haha)
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Woohoo! We're almost there! Let's be part of bitcoin history  what should we do to party? Anyone hav any ideas? Half a cake and half a (24 of) beer? Is there going to be half of a ball dropping in New York City? That would be epic. |
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In some countries, yes. More countries will will embrace bitcoin by then but some pay completely run on it. I'm sure there will be some sort of physical way to spend them as well.
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I would print a paper wallet or make/buy a steel wallet then store it either in a safety deposit box or a safe in my house. Obviously I'd make this on a very secure system.
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I would hope anyone would return it but not necessarily to the same address. If I couldn't figure out who sent it I would keep it until I did, then return it after getting a signed message from the sending address.
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Better yet, never keep any coins on any exchange ever. That way you don't have to trust someone else and when (not if) they get "hacked" you're not completely screwed. Just use an exchange that doesn't hold onto your coins in some imaginary off(or on)-chain 'balance'.
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I'm confused too. He left just 1 feedback this year. Positive. To fluffypony.
Where's the problem?
Ya, what the hell are you talking about? The negative on master-P or the positive on fluffypony this year? Other than that there's nothing. Are you whacked out of your mind man? Maybe your real account got a negative from him 2 years ago and you just can't let it go. |
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I would like a small percentage of my wages to be paid in bitcoin. Maybe 5-10% max though. I don't know any grocery store or bank that accepts bitcoins as payment so paying on the mortgage or buying groceries will need fiat.
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I highly highly doubt 70% of the people using bitcoin use bitcointalk.org. There are tons of other forums in other languages where people wouldn't think of bitcointalk.org as the first website to go to
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I think the question of "allowing" the government to look into your bitcoin wallets is moot. If they wanted to, I'm sure they can get access to all of anyone's bitcoin wallets and bitcoin dealings and transactions. And to cover their asses, all they would have to do is play the Homeland Security card to rationalize/justify their snooping in on anyone's private business.
Here we go again... let's assume everyone is American. If you don't pay taxes then no matter what country you live in you'll have to give up any private keys. To people saying they 'wouldn't allow' them to look into your bitcoins... you're a f***ing idiot haha. It's not your choice. If you don't like it then live somewhere where you don't pay taxes for your dirt roads and mud huts. |
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With popularity comes more stability. If there are no new users then the price can never really surge. Look at any fiat. There are a certain number of people that don't care about using that currency and a certain amount of people that already use it and will always use it. There are tourists / immigrants that start to use it and people emigrating sell theirs off. So it'll always be little movements.
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Thanks for the update, mexxer-2 and me wondered a while back whether Cyrus was still number one. I guess lutpin will be the one to overtake me then.
Looks like my reporting days are behind me and I didn't get to 5k. Congrats shorena! Thank you to everyone on the list, you make this forum a better place! Also, thanks theymos for updating this list. Technically you could always raise your reporting stats the shady way. Report, delete, checkmark, report, delete, checkmark. But wait... then you would get reported for reporting to moderating... hmmmm... a paradox! |
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It seems to be hovering but dipped a little bit. I wish it was a steady rise all the way up to the halving but some fairly major things happened in the market this week. Brexit, withdrawals stopped from a major exchange... it all works out in the end though!
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You'd be a pretty shitty investor if you had everything riding on one or two investments. No I don't have most of my money in bitcoin. It's more of hobby money on the side for me that I HODL forever.
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Ah, well I think any rise is great (obviously) but it may just be people coming very late to the party. I bought most of my coins at $500CAD or under so with us being 1.8x above that I really don't care about small fluctuations at this point. Let's hope for consistent rises at this point though.
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Why were you trying to buy this account?
*looks at trust*
Oh... so to sell shady MSDN keys.
A scammer gets scammed. Oh well. Don't let the door hit your ass on the way out.
P.S. $160 for an account with negative trust? Hahahahahahahahahahhahahahahaha. Stfu.
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What do you invest in? What are your gross earnings? What are you paying yourself? Is this 7% compounding monthly or 7% interest per month (~84%/yr assuming simple interest).
This stinks of a Ponzi and none of these people saying 'he's well known in the turkish community' means anything. None of them are trusted either.
Show some transparency or gtfo.
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You can tell who is very trusting of others or just hasn't been rip off or "hacked"* before. Stop trusting others with your coins! This isn't fiat ffs!
*obv I know I wasn't hacked neither was blockchain.info. Those retards lost/ stole from me about 0.05BTC worth. Bastards.
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