All this will now have to be abandoned. Money is money, and crimes will have to be dealth with separately.
I can foresee special crime investigation teams, which have expertise in bitcoin, being set up.  Already you have crimes involving bitcoin shooting up. |
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It also depends on how many physical coins are made ('rarity' factor).
If a manufacturer floods the market with physical coins as BTC prices move up, then the premium will not move up proportionately.
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What are the transaction charges?
Any charges while depositing / withdrawing CNY?
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It all depends on how stable your job is. I have seen people with stable, government jobs go about their daily life without a care in the world. |
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I want to make a site where people can buy btc online with credit or debit cards. No trading. What are the pros, the cons the risks? Is it even possible?
Cons - The high transaction charges. This model will collapse if the volatility of bitcoin decreases. |
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The BRIC nations do hold vast reserves in dollars.
So they do have a vested interest in ensuring that the dollar does not decline.
The decline of the dollar, if it does happen, will happen very gradually.
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If governments do try to shut down the internet (highly unlikely), you always have the option of judicial review.
Plus it would wreak havoc with the rest of the economy.
What would happen to Google, Facebook et all?
So it is a highly unlikely scenario.
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Using a change address is not compulsory, but is considered preferable from a privacy point of view. You can use a Bitcoin client like Bitcoin Core that makes it difficult to track your transactions by creating a new change address each time you send a payment. For example, if you receive 5 BTC on address A, and you later send 2 BTC to address B, the remaining change must be sent back to you. Some Bitcoin clients are designed to send the change to a new address C in such a way that it becomes difficult to know if you own Bitcoin address B or C.https://bitcoin.org/en/protect-your-privacy |
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Re: bitcoin and money laundering
Money are never dirty, and can therefore not be laundered. Money are always divine.
I believe the origin of 'money laundering' is related to black money. You 'launder' black money into white. |
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How do people get addresses wrong? I presume nobody ever types them out. |
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We will have to wait for stability.
As the number of transactions increase, velocity of Bitcoin increases and the price would stabilize.
People will find it more difficult to manipulate the market then,
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At this stage of the game I don't think there's any option without unacceptable levels of risk. Be happy with what you have and look into it again a few years down the line.
Agreed. Wait till a bitcoin bank (with insured deposits) opens. At the rate at which bitcoin is progressing, it won't be long. |
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Hi,
I am new to bitcoin world
I never understand why we pay miner fee.
There are still some transactions which qualify as free transactions. But then again, you cannot expect everything in this world to be free. |
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Electrum is the lighter client.
Beginners are advised to use Electrum,
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It comes under the 'Monday Morning Trivia' category.
So it would be wrong to read too much into this tweet.
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He must have heard about BTC working in that particular environment, and you my friend made him more curious about it. If he really was searching those terms on Google, next thing you know he joins this forum and posts in this particular thread claiming that now even he owns " 1 bitcoin "  and the very next day he'll be explaining btc to his co-workers and how its better than centralized currencies. Or he might change his career from banking to some thing else. Bitcoin is not good for traditional banks. |
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Does it make sense to aggregate smaller inputs and send them to another address controlled by you?
If transaction size is one of the parameters, doesn't breaking up one transaction into many smaller transactions help avoid transaction fees?
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