Someone stole 85 bitcoins from me, I let the localbitcoins community know what/who to watch out for. The only response the police gave me was seizing all of my computers/cell phones/money and investigating me for money laundering.

After over a year they finally returned everything to me (everything useless because I already had to replace everything plus who knows what they added to all of my devices).


My thought on preventing such a thing from happening is some sort of "reputation coin" where everyone has a reputation that can be looked up and anyone who has dealt with that person can report on them (like yelp/ebay). Anyone who is a fraud or violent will be punished by society due to nobody wanting to deal with them and taking precautions when they're around.

I believe in it in the same way I believe in air.

I use bitcoin all the time for real world purposes. There is nothing to not believe.

So I gave my nieces and nephews some bitcoins a few years ago and they have the addresses.

But it looks like they'll miss out on the Bcash giveaway. Should I chance withdrawing their Bcash and add the funds to their current address or not risk it?

Just use the Brave browser. That is all built in to the browser.

It could centralize if everyone uses one service. LN will be centralized in the same way that MtGox was the only Bitcoin exchange for several years. And then it wasn't.

All governments extort their citizens.

Well, all governments with income taxes.

If you paid with dollars then that would be 25% less dollars you would have to buy bitcoins.

You also perpetuate that bitcoin is only used for buying pot.

Trust me, when most of your wealth is tied up in bitcoins, you will spend them.

The flaw is thinking that people that get it will be holding very much fiat to spend. Maybe enough for a restaurant or groceries for the week but the big things like travel, large purchases, etc. are done with bitcoins.

I have seen it before but there was some news this week about inter-blockchain transactions without a central exchange. What was that called? I'd like to dive into how that works.

Gold and silver is money for people that want this world to be like Dungeons and Dragons.

Stability has always fueled the Bitcoin rocket.

That makes sense. They have value due to some external definition not by having value itself.

Either way, this is likely not the road we would take but it needs to be checked off the list. The SEC sucks balls.

Just looking at creating a colored coin that would represent equity shares in a company. One way to comply with SEC regulations is if shares of a company can only be sold after 1 year. And any sale of that share beyond that also needs to be held a year. We are looking at all SEC options which all have varying degrees of limitations in place. I was just vetting whether or not the 1 year delay route was possible via Bitcoin. It might be possible with ETH but I'll let our ETH guys look into that.

I know that you can already set a lock time which allows you to set the future block for which a transaction has to wait until to be confirmed, but would there be a way to specify locking any transaction after that by a set amount of blocks?

Like I send 2 bitcoins to address 1XYZ which is locked for 1 month (a certain amount of blocks). Then once 1XYZ has access to the funds they send to two different addresses, 1ZYX and 1WXY but they both have the same delay of 1 month. And those transactions also have a delay and so on and so on...


I ask this as I am trying to figure out a programatic way of conforming to some certain SEC regulations for something. We are still flushing some things out but I just want to know if this path is possible.

True. But I don't see moving from country to country as bringing bitcoins with you. Bitcoins are just an account. It would be like bringing your bank account password across the border.

Seems legit.

Personally I think we will move toward that $2500 in the next 6 months or so (maybe dipping below that due to paranoia/FUD) but work its way up toward those new huge numbers. The price did dip below $200/BTC but it was brief. I usually don't tell my friends to buy bitcoins but when the price was $225 I got on Facebook and said "buy now, trust me". I think maybe 1 or 2 people listened.
Right now, even though I believe the price could go down over the course of the next year I just tell people that ask me...do you want to double your money by 2020? If so, buy bitcoins. But don't just buy to double your money, learn how to use it and spend it, save money on Amazon, don't pay exchange fees when you travel to another country, etc.

I travel a lot and move to different countries at times with all of my belongings (a carry-on and backpack).

I chose to use cryptosteel as my cold storage. I have several of them to split my coins up. Before moving to a new country the last time I went country hopping for a vacation before going to my new job. There was no way I was going to check in my cryptosteel and I was worried about anyone tampering with my cryptosteel so I wrapped them all into one block with a metallic tape.

Of course this set off the security scan as I went through Dubai. I spent about 10 minutes with the security guard trying to show him that they were harmless plates of metal (finally unwrapping one of them). It didn't help that I have a full chemical suit with gas mask but that's another story.

When I passed through Vietnam I made sure to have a picture of the cryptosteel on my phone and told the guy it was for my bitcoins. He just said "oh, bitcoins! cool" and let me go. I checked my bag when I passed through Thailand and was paranoid the whole time. I have a backup (somewhere in the world) and I have manipulated the private keys in such a way that even if someone was looking at them they would not have my private keys. But I still did not want to lose it. Relying on my backups would mean a lot of flights long flights.

I can always tell which way those with "a lot of trading experience" believe the price of bitcoin will go.

They have all of that experience, they are so great with the market that they failed to see the potential value of Bitcoin and how it would jump to thousands of dollars each.

Even now they don't get it and all of their "experience" still tells them it is worthless, so obviously the price will go to zero. So they can get back to their stocks and bonds.

Even retired living on a catamaran in Tahiti I would check in on this thread. I find that between all of the arguments and general banter there is a good sense of what is going on in the Bitcoin world here from many different perspectives. Especially with regard to large price movements. It may not be the most accurate but it beats searching the Internet trying to see if people are reacting to one single thing or what is going on.

The rest of the forum is shit due to signature campaigns. Reddit is comparable as the shitty threads can be downvoted. I tried following #bitcoin on twitter and it's just filled with ads.

Go check out one of the bitcoin exchanges that the US government doesn't like:

https://btc-e.com