moral of the story..

results show that after centuries of bank notes existence 600,000 incidences of pickpocketing still occurs every year in just the UK
http://www.clevertravelcompanion.com/blogs/news/8681561-some-pickpocketing-stats-and-facts

these questions above are more likely the issues a merchant will be concerned with.

the whole decentralised, pseudonymous, cryptograpy buzz words have no practical use to a business. and should only come into the conversation far later if the merchant wants to know about the deeper stuff.

so stick to what truly benefits a business.
1. not having to pay monthly processing fee's to accept funds online
2. not having to do any 'bill payer only' delivery service, allowing more freedoms for the customers delivery destination
3. no need for merchants staff to waste hours a week/month handling chargebacks (less admin)
4. no need to hold logs of transactions for half a decade as its all logged on blockchain (less admin)
5. no credit checks as its all actual funds related
6. no/less need to worry about identity theft issues

i can just imagine it now.. on release 99% of bitcoin enthusiasts buy the devices. not due to health concerns but due to the desire to treat the device as a miner..

step 1. attach headphone earbud to the device and plug the audio jack end of headphone into a PC start playing a loop of a basic low bpm drum sound
bumbum----bumbum----bumbum

next slowly increase the bpm on the computer the headphones are plugged into
bumbum----bumbum----bumbum
bumbum---bumbum---bumbum
bumbum--bumbum--bumbum
bumbum-bumbum-bumbum

now you have a 'heartbeat' miner/faucet raider style system, grabbing funds without doing any physical work.

after all in a community of people where raiding faucets, and finding new ways to grab funds via a PC, do you really think that they would think exercise was the only use of the device

the blockchain is not bitcoin.. its a description of how the ledger works, altcoins have blockchains too, every crypto currency altcoin has a blockchain..

thus if they want their own blockchain, they are just saying they are making their own ledger/altcoin.

anyone doing btc for wire transfer has to have some assumptions set as standard.

the first is that bitcoin is locked into localbitcoins
the next is that the buyer of bitcoins (person giving you the chase quickpay) has agreed to hand you X for Y. so even if the value changes, its meaningless. the agreement has been made.

he asked for bitcoin at that set price and as long as that amount is in your bank account, then the set bitcoin is released to him.. no more no less.

some banks do not reverse wire transfers, but if a complaint is made then a bank 'can' freeze your account and investigate it, which can be worse then just a small refund/chargeback

so dont worry about any value changes or chargebacks. just be sure the guy has over 100 good tx's with as close to 100% satisfaction (preferably full 100%)

i havnt even bothered to check my post history to see that topic. i left it there for people to think and discuss..

but why care at all about the bitcoin price. i have a large hoard of coins, yet i dont check the bitcoin price and i dont get scared if it drops or rises. so lets put a different spin on it.


you live in the fiat world, im presuming american dollars.
lets imagine you never intend to go to europe so the dollar->euro exchange rate is meaningless in your practical life.
now, would you keep checking the dollar-euro price daily, in worry that the dollar will collapse some day. or do you worry more that not enough shops will take bank notes and prefer other payment methods.

i presume that some time in your life you may get rejected for a credit card and soon find out that you can no longer buy things online without one, limiting your spending habits.

now do you care more about the euro exchange rate or the lack of possibilities you will have to use your dollars.
truly imagine it, you cant pay your bills or TV/internet services due to lack of a card, and every transaction involves cash in hand.

so whats important to you, ease of use and mass ability to spend. or a conversion rate to a currency that you wont touch.

it really doesnt matter if bitcoin is $2 or $20,000. whats more important is the ease of use and availability of use.

heres me 2 minute attempt. if anyone wants to grab some inspiration of
transactions (white bricks) inside a block (blackbricks) inside a blockchain (grey brick)..

after all no matter what algorithm alt coins use, or type of encryption. the main bases is the blockchain

go ahead


or the 2D version for smaller print size


like i said only a 2 minute job so no need to reply negatively.

sony wasnt hacked due to badly salted passwords of individual users. they got to the master server, not through brute forcing individuals.. but yes i agree, in a information age of the internet. companies holding other peoples valuable data/funds do not seem that well informed to secure their customers stuff

first paragraph instills FEAR, which is unwarranted.

so make

which sounds like simply getting >50% causes the damage
to

next..

even without 50%, denying transactions IS happening right now. as miners are greedy and only let a few hundred out of the 4k transaction limit, and mainly only the ones with fee's attached.. so that whole paragraph has no below 50% barrier as a prevention method

a history lesson.

The world’s first mobile phone call was made on April 3, 1973, when Martin Cooper, a senior engineer at Motorola, called a rival telecommunications company and informed them he was speaking via a mobile phone. The phone Cooper used, if you could call it that, weighed a staggering 1.1kg and measured in at 228.6x127x44.4mm. With this prototype device, you got 30 minutes of talk-time and it took around 10 hours to charge.

Even at the start of the 1990s this was still the case despite Nokia and NEC entering the fray. Nokia’s first 'handheld' mobile phone, the Mobira Cityman 900, launched in 1989 and weighed just 800g

1990 to 1995 represented an upward swerve in design and portability, with mobile devices gradually starting to appear in the hands of average consumers for the first time. By the late-1990s, mobile devices were fast becoming the norm.


....
so the question to ask yourself. what were the people in the mobile community crying, screaming and arguing about in the late 1970's.. just 5-6 years after the first mobile call was made. i bet they didnt even expect nearly every 13 year old+ person having them, let alone over a billion in population demand for one

why oh why are these companies still using hot wallets!!!

i know of 10 ways to keep priv keys far from a server, yet still offer near-instant transaction times (bar a few milliseconds).

its like amateurs want to find the most inefficient route they can for security, and then use that as the excuse to not secure it.

the only other theory would be that they are paid off to say they were hacked as some way to get negative news into media, as more evidence of the need for crappy regulations.

but ill stick with the theory that lame assed coders do not have a clue how to run data between different systems. thus throwing everything into one less secure location purely for the naive FIATBANK/Titanic belief of too big to fail.

lets hope that people realize that a brand name does not infuse trust of third parties.. but actual security and protections do.

i read the OP .. yawn

OP is a FIAT lover and only cares about exiting bitcoin to return to FIAT.

he has no long term desires of bitcoins 'economic' / 'social' growth, just the 'value' growth, nor does he understand the whole economy.

and lastly he is narrow sighted about the value of bitcoin based solely on the crappy exchanges that are basement dwellers PHP projects.

what people need to realize is that once bitcoin is on the nasdaq the price is going to sky rocket. with the block reward halving and ever increasing hashing costs.. yes you guessed it the price is going to sky rocket..
so the vibrations of the ups and downs of current exchanges are meaningless to the future of bitcoin.

what bitcoin needs is more merchant adoption AND training in how to get the merchants staff to highlight and accept it themselves. then the wallstreet traders will see that bitcoin is a growing economy and not just a pump and dump like the OP wants.

putting aside 'interest' and just concentrating on world poverty

until you solve these 2 things:
1. greed of the trust management, meaning the guys that handle the dispersing of funds not to take huge chunks of cash out of the hoard/profit/interest
2. greed of merchants raising their prices because the country is suddenly more wealthy with lots more cash to hand.
.. you will always have a bunch of rich guys, vs a bunch of poor people, with a large gap in the middle

in short if you can find a way to ensure that all african births get an entitlement to X coin at set dates of their lives and in a way that no other person can fake identities or intercept the funds before the beneficiary gets a chance. and a way to ensure merchants dont inflate costs of goods/services to try grabbing the new fresh cash in the economy from the newly rich generation of people.

the only way i can see it happening is if a privkey/public key pair is generated directly by their DNA, which the new borns family only disclose the public key to the child birth registration system so that the system knows who to create the transaction to. whereby the dna is needed to sign a tx when its time to spend.

that idea aside. watch the movie "intime" where every human has a built in wallet inbedded in their arm that has been prefilled with 1 years worth of funds, only accessible on their 25th birthday, whereby most transactions are done hand-to-hand with not central system.

its a great idea to try helping the poor, but if most of the money gets syphoned off and centralized... then its an instant failure.

so i hope you have some great non interceptable methods to award funds to people

day trading on exchanges does not affect bitcoin transactions on the blockchain.
now if you are talking about exchange volume.. well the more exchanges, the more diluted each exchanges volume gets.

what you see in reality is with the less exchanges due to the 'upto 9 exchanges' supposedly hacked earlier last month, people start to move funds about either away from exchanges or more frequently between the exchanges that still exist.

so the site is going to be the product selection ebay-esq side, and utilising coinbase for the paypal-esq payment handling side.
seems worthy of doing, especially the pay username facilities and deposits-withdrawals would be covered by coinbase, for universal user friendliness of average joe who cant yet fully understand public keys and still in a semi fiat mindset.

.. you have peaked my interest

possible causes:
1. you used a vanity address service which they replaced the 5 at the start of a privkey with an x so that you can replace the x with a 5 to be imported into bitcoin or replace the x with another letter/number for a different alt.

2. what you have is not a proper privkey but a 'passphrase seed' some of these less reliable wallets use. which are accepted in passphrase wallets but not the official bitcoin wallet.

can you atleast explain what wallet /service you got the keys from and then what wallets/services you are trying to put the keys into.

that way we can advise you better at how to grab the correct key from original source to then be useful in the destination service.

I would sell all my Bitcoins if all i cared about was amassing a wealth of unbacked binary digit databases in the fake trust system known as fiat

some go through me direct where i set up a contract and a 'bartab' so that they had the fiat on hand already to cover X amount in bitcoin purchases customers made.

some go through me where i pay them at the end of the day, week, month at set amounts using a price tracker page i designed that validates payments.

some went through bitpay or decided to go self sufficient and exchange or invest at their own choice.

the best way is to not just have 1 fixed plan, bitcoin has a multitude of possibilities so offering the best tailored solution or simply guiding them in the right direction based on their personal circumstances, works.

its just like being a salesman. finding the uses, benefits and matching the features will work alot better then trying to force only 1 plan in their face.

for instance if its a delivery service that likes cash in hand to pay temporary staff, and your town is a small town where maybe one pizza delivery a day may be bought by bitcoin.. then you can hand them maybe just $30-$50 as a bar tab upfront to cover a few days of sales, or maybe you can organise that if the delivery drivers get paid on a friday, you will turn up on thursdays to pay out on the bitcoins.
again multiple ways of doing it if you want to be the payment processor in your town.

there is no one solution fits all, and that is a good thing, so look into what you want to do/offer and treat the business manager like a king, by making him feel special by him making bespoke decisions. which is less of a fight then trying to convince someone that only one way, your way will work.

its not yet time for average joe to understand bitcoin.. instead design leaflets for BUSINESSES to understand bitcoin, then later when there is a local shop in every town or atleast the town you live in.. then highlight bitcoins actual usefulness to joe public.

anyone can make a advert about gold or oil, about all the investment possibilities about the fact that its different from FIAT. but until you can show some local uses of it, joe public wont need it. and only 1 in 500 would want it purely for investments.. the same goes for bitcoin

so try sorting out the local usefulness first. and then sort out joe public second.

i say this because i got a few local stores to accept bitcoin and then i told a few friends about it and actually help them use it.. now they love it. Yet if i just threw a leaflet into a strangers mailbox they will just think your a dodgy salesmen and its just junkmail because you cant even tell them somewhere within walking distance that bitcoin can be used.

so concentrate on businesses, first.

first failure is to use a hosting plan.. seriously advise you to have NO private keys on hosts.
too many people have failed at this. and yet it still happens.

if you cant afford you have your own local servers

simply have a secure home based PC that you use to upload a csv file of public keys only to the host.
so that the host can publish payment addresses, but where the local home PC does the sweeping of funds. far far far away from third party host control.

another idea is to join the development teams of the existing online shops that are similar to ebay. and use your skills to make improvements to them to get them more main stream