you do know that in the first year 2009-2010. bitcoinqt was very buggy and the coins were worthless so most days he would compile new versions to test out and require deleting wallets to test out new ways of storing keys. so its obvious that he doesnt have access to all the keys..

completely understand that.. but thats the utopian dream of the future. not the reality for today, and i just hate it when people confuse reality with dream scenario

scam site created last year

i laugh when people read a title but never research the story. then suddenly they speculate some weird and unfounded stories..

so guys..
THE OP IS SPREADING SPECULATION ABOUT A STORY THAT DOES NOT MENTION BITCOIN

SO CHILL OUT..

the op just seems to like spreading fud..

ok guys....

i am actually a lover of bitcoin, i earn it, live off it. but one thing i do hate is everyone over exagerating bitcoin as its deceptive.. so
lets see actual examples..

i want to see screenshots of being able to buy bitcoin via fiat.. showing the rate and value of bitcoin obtained.
i want to see screenshots of that amount being sold to another fiat.. showing the rate and value the recipient would receive in that final fiat.

i then want to see a screenshot of WU calculation of that same FIAT to FIAT transfer..

for these examples. use $100 or $1000 as example amounts in your screenshots. that way its easy to calculate/compare.

i have done it a few times using localbitcoins, searching for the best spreads offered. and done so using multiple currencies on each side. and not found one that gives a better recipient receiving amount..

so to all those 'not liking form filling in' and 'not liking waiting 2 hours' that limits some options such as exchanges requiring verification

show me your best ways to get one fiat into another fiat without form filling (thus avoiding signing up to exchanges to link accounts). and without having to wait for 3 confirmations on deposits/withdrawals of coin on each side (thus not taking upto 2 hours delay).

so there is your challenge.. to not praise the utopian theory of bitcoins usefulness.. but to show actual examples of it working in reality

im guessing you also bought it via ebay.. as thats another way people get trojan riddled devices

if you are happy to cash out at $360 (todays price).. then cash out 50%..

if bitcoins rises, then 50% left as bitcoin will profit.. if it falls then you can buy more coin using the fiat your holding from cashing out..
.. its just that simple..

if you are trying to find guaranteed predictions of pumps and dumps to sell right at the top and buy right at the bottom.. or even a service to do this for you... goodluck, keep dreaming.

and if your looking for alts to use as a reserve.. find the cheapest nastiest coin there is. thats valued as close to 0.0000001 as possible.. grab as many as you can and hold.. usually converting to xrp/ltc and then looking for alts that are 0.00000001 of an xrp/ltc means you will own billions of an altcoin that cant go any lower, meaning just going to 0.00000002 is doubling your funds, 0.00000003 is trebling your funds, 0.00000004 is quadrupling your funds

if your a fiat lover.. then bitcoin IS your bank..
think about it. you buy bitcoins last month at $250.. and just hold it yourself. no trading no playing. just cold storing it..
this month you can sell it at $360 now=44% in one month..
way better than 1% a year in a bank account

there are two parts to the story.. the bit about citibank is not talking about bitcoin (currency), they are talking about blockchain(technology).

in other words citbank making an alt of 20mill coins which measures as a possible units of
20,000,000,000,000.00 (20 trillion including ability of cents/pennies)
( 20,000,000.00000000 )

then instead of having to have auditors, fraud departments, security and other measures to prevent their own staff 'creating money'. the blockchain of their altcoin will self regulate and audit each transaction.

as for banks holding bitcoins as an asset for investment. well banks do love risky investments and with the volatility i see they will love it. the issue though is some countries have banned bitcoin to be invested by banks, because government regulators wont insure the holdings.. so as long as barbados doesnt ban bitcoin for banks, i can easily see some banks hold bitcoin

in regards to point 2. saying bitcoin is easy to handle because of BTMs .. really?
thats like saying gold is easy to handle because you can sell it in a pawn shop... but then your no longer handling gold, which then negates the point of bitcoin or golds usefulness because your saying its required to be swapped... bitcoin is only useful if it doesnt need to be swapped before using..

you might aswell also say Euros are extremely useful in america.. but not because shops accept it. but because you convert it at the airport.. meaning its actually dollars that have usefulness in america

..hope you get my point


well imagine you sit on your debit card and snap it.. its not like you can just type in your privkey into another device in 10 seconds.. you have to wait 10-14 days for a new card to be delivered. also you can charge a battery for 5 minutes just to give it enough juice to send a tx

you actually think that ATM's are only 0.1% fee..
seriously check them out and do a example calculation, especially checking out the spread.. as that is always a hidden difference.

for instance
lets say the prices of bitcoin are:
$330 - bitfinex
$320 -btc-e
$325 - coinbase.

an ATM allows you to buys at bitfinex rate and sell your bitcoin at BTC-e rate..remember, spread is not fee.. so they can play with spread and not even mention fee.. but then separately add on a 0.1% fee after

so say you had $330.33 you would get 1bitcoin.. but then sell it from the exact same ATM machine. you would only get $319.68 back ($10.65 loss) and thats before playing with the volatility of different fiat currency valuations

having to swapbitcoin for giftcards to then use in starbucks.. is not technically using bitcoin in starbucks..

you might aswell say that hongkong starbucks accepts american dollars.. because customers swap american dollars for hongkong dollars before entering a starbucks..

so my 3 ideal uses of BITCOIN is when you hand over BITCOIN to the retailer selling you the 3 products i listed.. without any pre-swapping into different currencies. and i think thats what the OP's idea is to... what products would people want to buy DIRECTLY USING BITCOIN, without swapping to other currencies first

by looking at this forum, id say 80% of users are 'poor', this is obvious by the amount of people raiding faucets and doing sigcampaigns to earn $15 a week.

afterall if you didnt have money problems. you wouldnt care about the problems of money, which bitcoin solves

the other 20% are split into:
15% that have hoarded coins from 2011-> and are now 'newly rich'.
4% new financially stable investors buying bitcoin direct to hoard for future or trade for profit. (middle-class)
1% are venture capitalists who mainly throw lots of money at businesses, as they are still part of the fiat world and want fiat based dividends off the back of bitcoin businesses(rich)

toilet paper
groceries
starbucks

when these things can be bought from local shops in every town, using bitcoin.. then bitcoin will be fully usable

what is the actual income per x viewers?

seems the guys in the OP got $2.5mill from youtube with their combined video's since they began. and $2mill from in-video sponsoring (eg mentioning feathercoin)
http://www3.forbes.com/business/the-worlds-top-earning-youtube-stars-2015/7/

if you put multisig into a legal Will and hand out privkeys to recipients... the recipients could forget them too...
so pretending the recipients wont forget.. then my idea remains valid.
same goes for the bit where you said if i was going to spend it or not.. again if i spend it there will be no funds to inherit. thus lets pretend i put aside funds i WONT touch... my idea still stands.

i still think giving anyone the privkeys of the original funds, allows recipients collude and work together to raid your funds before death.
so best to just have a signed tx. and only give out recipient address privkeys

if i am to believe how nlocktime works (sorry havent looked deep into it), but by going by your description the tx wont be mined until it reaches a certain blockheight.
this means that the tx just fills up the mempool of miners and nodes waiting for the right blockheight to then finally be mined..

with that said writing this tx on a piece of paper in your legal Will is meaningless..
afterall whats it preventing? you dont know when you are going to die, you dont know if the intended recipient will know what to do with the funds received when this psychically predicted death time passes..

you might aswell just sign a standard tx and write that encrypted tx data into a will with instructions on how to push it..

as for your set up seeds.. if you write the seeds in your legal Will, nothing is there to stop the lawyer from reading it and draining it of funds because they have the private keys to send it wherever they want..

however, only writing a signed tx where the destinations are already encrypted into the TX in a legal Will means no one knows the privkey/seed of the originating fnds. no one can change the destination. and thus the only thing that can happen is the tx is pushed, where the intended recipients get the funds.. or its not pushed and the funds remain untouched because no one knows the privkey of the originating funds to tamper or move elsewhere.

which at the reading of the legal Will.. where you would have lets say 3 recipients. there are in total (including the lawyer) 4 people that would have motivation to push the tx.

so knowing your own privkey wont be spread about and abused by greedy people, your at ease, and now you can the give out the other privkeys(of the receiving addresses, not the origin funds) to the intended recipients right away and tell them to keep hold of it as inheritance.

because ofcourse them only having the receiver addresses is meaningless while your alive.. there is no funds in them and the privkeys are nothing to do with your own address that has the funds. it also means the lawyer wont ever see any privkeys, either because you only handed a signed tx to the lawyer and because you handed the recipient privkeys direct to the inheritors, and not via the lawyer.

in short
just write a signed tx in your will.. and hand the recipient addresses to the recipients. then you dont have to worry about anyone else messing with the funds because they wont have the privkeys to the original funds

E-peso is about as laughable as a "cryptocurrency central bank"

yea its a year old..
whats next, are you going to post every single video mentioning bitcoin..
im sure that will give you atleast 10,000 posts you can make to advertise your 'bank'..

yea, thats right i know your posting just to get some fame. maybe if your project was so good you would be actually busy running it instead of spamming a forum..

im just waiting for the punchline to drop, where you suddenly ask for investment for your 'bank'