Bitcoin was created by satoshi as a decentralized currency. But, since china has huge mining power, most of the bitcoins are mined by chinese miners.Obviously, chinese hold majority of bitcoins so that they could decide the price of bitcoin. For every small changes occuring in china related tl bitcoin, it has a world wide impact.Its not good for bitcoin progress. Unfortunately, we have to accept that china controls the Bitcoin.
How does china control Bitcoin? If you look at the mining charts, though several mining farm is located at china, it does not mean that chinese government own them. This are different company with different people. So there is no way that China is controlling bitcoin The Chinese government does not have direct control over bitcoin but since the most miners are there then anything the Chinese government does has big influence in the operations of miners and their exchanges and in that way they can indirectly influence bitcoin. We saw what influence the People's Bank of China (PBoC) has on Bitcoin play out on the 11th January, 2017 as Bitcoin dropped by 40% from the recent high of $1,153.02 to $752.11. With most of Bitcoins being mined in China, mining hardware companies scattered in China and a whole lot of interested investors from China, every day influence would as well amount to control and which is something China would so relish. |
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Today I understood that fees for receiver is nonsense. I understand that Xapo wants to get rid of dust transactions, but... Let's say, I have to send small payment which is lower than 30942 satoshi. Sender can't know which wallet receiver use. If he use Xapo, unfortunately he won't receive anything. Payment are sent, but nothing is received. And receiver can call me as scammer after that...
Yes, that is the most foolish part of this issue, and I can't argue with them because that is their business but it's too much already, maybe they're thinking that most bitcoin users use their service. So to those who are using faucets, better don't use xapo wallet (or whatever you call their service) if you want to receive those tiny transactions. I don't think the change was calculated to hamper those still interested in faucets or transacting in amounts less than 0.00030942 BTC, I see it rather as an attempt to discongest their network and strain on their facilities by encouraging people to save their tiny amounts in micro wallets, until they have good enough not to attract some fees, which is a common business practice. |
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Long time ago I downloaded a Python bot from Github, but I found it is difficult to configurate that bot. So I had to give it up. I always use my hand trading, which is more smart and accurate judgement by my smart brain, but slower than bot trading. I adapt trading without bot.
It is not advisable to use generic bots or even a paid one you do not understand its algorithm or mode of operation, because not understanding it is usually the grand recipe for the bot disappointing a trader. If possible one should build their own bots or make concerted effort to understand the working procedures of one before surrendering one's hard earned coins to them. |
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As an investor all you need is to put your money as risk, doesnt need to be expert you will need more lucky then anything else. Create new things now is very hard, almost all ways to revolution crypto has been thinked already, but sure there is space for new coins. Lucky will determine your sucess, sure knowledge is required to dont invest anywhere without a valid reason.
No you just don't walk into fire hoping it won't hurt you! Expertise is necessary to succeed in any business, because that is what would enable you manage the inherent risk of that business, there is nothing like luck in a real business - either you are good at it or you are out to fail. Next thing one needs is a creative mind, there are a million and one things out there to think out or innovate, until someone does, no one would know they are there or possible. |
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Western union and moneygram can not adopt the use of bitcoin for their businesses as it puts them out of business and just might be the cause of their extinction if they were to use it. That is totally wrong! Companies like Bitspark in Hong Kong, Payphil in South Korea, or BitPesa in Kenya, etc are into Bitcoin remittance business and they are doing just fine. I know because I regularly do business with one of them. Though the coming of bitcoin seems to have given these entities a lifeline as people around the world use their services to acquire btc with less KYC checks.
That is for the time being! Their exorbitant fees, which by the way is all that matters to them, is such a pain and inconvenience and I know it is only a matter of time and events would overtake them. That is what usually happens to people and establishments that refuse to embrace change. |
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majority of the miners are there and most of the transactions are Chinese. Can't the Chinese government just confiscate the existing mining farms start their own dev team and just use Bitcoin? Did you really get to hear yourself and is that exactly what you think should happen to miners in China? Well if they should do that much, the price of Bitcoin will plummet and confidence in Bitcoin would be lost from many corners and that is sure to affect even you. |
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The BTC mixers are an important part of financial privacy IMO.
(You see, it's always about the terrorists and criminals...)
The government will be seeing it about the criminals or terrorist tools.  Nothing is good for the government about the unregulated things. This is true. I just wish they'd finally step in and ban fiat (dollar bills). I've seen people buy things with it in the past (passing cash from one to another) so it needs to be banned IMMEDIATELY. Honestly they won't! Their issue with Bitcoin goes beyond their claim it is used for illegal activities. They are simply afraid, Bitcoin if allowed to flourish, would spell doom to fiat currencies and that happens to be the main source of their controlling power, albeit enslaving people. They simply cannot Bitcoin, therefore it must be criminals that uses it  |
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Outlawing it in their country would stop BTC cold. Very few would go to jail over it.  I don't think it's possible to track everyone or we've already got rid of drugs and child porn and so on All they have to do is Block companies from taking BTC and block banks from letting people exchange it for fiat. If they could, they would have already done so, but this is more than they can handle. I think, you need to sit back and really get acquainted with Bitcoin and its technology, because you seem not to have made sense of what peer-to-peer means! If you do, then saying they could block companies from accepting BTC is more or less a blunder. |
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2017 is the year of altcoins...
bitcoin will loose it's marketshare due to lack of innovation and real world usage adoption
30mins for confirmation? come on...
No new technology have everything fixed from the the word go! In the case of Bitcoin, we can attest that it has been stormed the weather for 8 straight years and looking rather even stronger. For now, there is yet to be an altcoin to displace Bitcoin and until there is one, Bitcoin would continue to wax stronger. The delay in confirmation was owing to the crowded network and that wasn't totally strange, because the user base of Bitcoin these days is experiencing some unprecedented growth. At any rate, the delays have been taken care of, as would be expected along the journey of any pioneer. |
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It is become very bad news for Xapo users who mainly using xapo just for receiving micro amount of transactions (where all transactins are made without cost).There are many costumer's who does not like to fee any amount for a transactions.As a result,Xapo will be faced temporary problem after little break come back strongly because in reality they need some service fees to maintain their business.
Xapo is like any business entity out there to make profit, it is not a non-for-profit or charity organisation. So in the mist of rising network cost, which we are all aware of, restructuring the fees to cover the network fees ought not to be seen as a bad news, rather it is a good business strategy to reposition Xapo. Besides fees are only applicable for transactions equivalent to 0.00030942 BTC or less from external address, more than 0.00030967 attracts zero fee. |
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A good investor is first off an entrepreneur that is well able to harness and manage the factors of production. Factors of production attracts cost and sometimes, a lot of it and that is a reason it is near impossible to make money without money. All the money on earth would however not make more money for anyone, unless there is sound knowledge backed by skills, that way a good investor should be able to sift through a whole lot of seemingly promising business opportunities until they spot one or a few that are truly profitable.
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The Federal reserve alone is a great movie to watch. With a good cartel as actors acting as a govt administration while the truth is it's a private company
Not only these owners control the Fed but by extension, they control the United States .... because the federal Reserve of New York fixed interest rates and control supply in currency, across the United States, the owners of the Central Bank is the real Director of the entire system. the shareholders of these banks, which are owners of the shares of the Federal Reserve of New York, are the people who controlled the destinies of the United States, since 1914″ political and economic
Then you have all those private banksters around the FED making all those big claims, like Jamie Damon telling people that they have to get used to a worse life. This is the same idiot that is saying bitcoin will never work and will die anytime a government tries to ban it. Those banksters need to get put to jail immediately if not something worse. I cant all those fucking elitist cunts. They need to be beaten the fuck out. The bankers are supposed to be the least on productivity table, because they add little or no production in creating wealth, except deceits with creation of credits, but unfortunate they are the ones eating very fat from the society, whereas the ones that toil their lives out most often eat crumbs. I have heard it said on many occasions that life isn't fair and this instance comes very handy. |
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This news is similar to the news of of India's top bank exploring blockchain technology, once again they are going after technology not after the coin. Now it is evident that they think by creating a blockchain type technology they can overthrow the popularity of Bitcoin. It was bitcoin that made people use blockchain and not otherwise. When will these people learn and just straight away give credit to Bitcoin and just accept it as a form of currency. I hope China takes a bold step and just accept bitcoin, though a long way but let's hope for Best.
I doubt they- the governments would be very willing to give Bitcoin all the credits it deserves, because that would mean shooting themselves in their legs and their local currencies would be worse off. Nevertheless, Bitcoin is already mainstream and there is no way they can deny it or just look the other way. If they do get to wherever they're headed, at the end of the day, it would be Bitcoin against the rest, if it is not Bitcoin, it certainly is not Bitcoin! |
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I think op is actually asking everyone to support him in this project. he is inviting everyone to become partners of his project. He can buy solar panels with fiat money. May be he doesnt have that much fund in fiat to spend . Thats why he is proposing this idea. Collecting bitcoins is easy than transfering fiat money . Thats why I think he is asking to fund in bitcoins. Anyway it is a good project if executed properly. But I dont think anyone will invest bitcoins just like that. Who knows the op will pay the income generated from the shares.It will be better if you post this in your local forum .There you may get some investors who can actually physically see the progress of the mining site.
You got it. I have actually been running this project since 2014 and in June 2016we financed a 15kW solar plant to power a school using Bitcoin. we chose to focus on Bitcoin as it is much easier to deal with accross borders than fiat. Those Bitcoiners are now getting BTC income. We have raised 14BTC for our latest project to solar power a tyre recycling factory in South Africa. Invitation on this post is for people to visit our website www.thesunexchange.com and see what they think they would be willing, if anything, to put into electrifying Africa on the basis that they will receive a BTC revenue stream at an IRR of 10% pegged to the South African Rand. I am looking at your proposal from an entrepreneur point of view and being versatile with Africa, can say it has got some prospect and business model that is adoptable elsewhere. But bulk of what I feel should be a would-be-investor's concerns are: 1. the sunexchange, I see it's a SA company, they are middlemen here, what tells that one can trust them with one's Bitcoins, not just for a year but decades; 2. where exactly is your market, Africa is a vast land and you can't do business in some areas; 3. is there a standing agreement and contract with any solar company; 4. what is thesunexchange to you? |
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The Federal reserve alone is a great movie to watch. With a good cartel as actors acting as a govt administration while the truth is it's a private company
Not only these owners control the Fed but by extension, they control the United States .... because the federal Reserve of New York fixed interest rates and control supply in currency, across the United States, the owners of the Central Bank is the real Director of the entire system. the shareholders of these banks, which are owners of the shares of the Federal Reserve of New York, are the people who controlled the destinies of the United States, since 1914″ political and economic
Those are indeed telling and from it, we can also induct that the same "Private Company" is also in charge of many countries across the globe that obviously are appendages of America! That would also confirm that the age long held view, that the wealth of the world is being held by less than 1% of the population. The questions begging for answer are, what was the sharing formula? How come they are having so much whereas many have none? |
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Just two days ago, January 29, 2017, People’s Bank of China (PBoC) officially launched a digital currency research institute a day after the celebration of the Chinese Lunar New Year. These were the exact words of the Technical director of Technology PBoC, In an interview with a national newspaper China Securities Journal earlier this week, PBoC department of technology director Li Wei revealed the plans of PBoC to actively examine and explore Blockchain technology. Specifically, Wei stated that the central bank of China is interested in the ability of Blockchain technology to settle real-time transactions in a secure, cheap and efficient ecosystem of peer-to-peer users. https://cointelegraph.com/news/china-launches-research-institute-to-study-bitcoin-and-test-blockchainToday, the 31 January, 2017, we are having this: http://www.marketwatch.com/story/path-to-bitcoin-etf-still-uncertain-but-may-be-easier-under-trump-2017-01-30?link=sfmw_twLooks like the time of Bitcoin and cryptocurrencies have finally arrived? Let's pray!!! |
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I think in 5 years Bitcoin will be known to almost everybody on this planet, but will they be using it that's a question. I think most of them will but can't say for everyone.
That's the reality they may know bitcoin but also another is that, they will know it for good reason or with bad? Because many are already have knowledge in bitcoin but their knowledge into is very bad, thinking that bitcoin is just something that is being used for bad things, illegal activities and other types of crimes which is very unfair but its the reality. Knowing bitcoin to everyone for its beneficial purpose is important and i dont think everybody in the world be introduced to bitcoins even after 5 years. I can say that bitcoins will be used in majority of the nations if not all. Most under developed areas still not having Internet cannot use bitcoins without infrastructure of Internet and computers. This is what I think too, many are still going to be lack of knowledge on what is bitcoin and 5 years is not going to be enough from now on to let the world know that bitcoin is existing. But still it depends on how the developers or us will use technology since there are social medias and other platforms we can use to advertise, it just really depends on how we are going to attract people or unless the government will force people to use it before 2022. and specially in third world countries and backward area, where people even do have their basic facilities like electric city and education, the education ration in such countries are very low. they even do not have access to computer and internet. therefore i do not think that is such an easy task i think may be less that 10% of the total population may be using bitcoin as optional. while rest will still depend on their fiat currencies. Bitcoin without any doubt has a very strong appeal and given the abysmal state of most fiat currencies, the awareness and adoption of Bitcoin is sure to soar, but getting to be adopted by the about 7 billion people that presently inhabit the earth by 2022 is like day dreaming. All the same, it ought not to be an issue whether everyone embraces Bitcoin or not, just a significant portion of the world's population is just okay for Bitcoin to be all it could possibly be. Come to think of it, with the user base at present, we are beginning to experience crowded network and so much delays in confirmation of transactions, how worse can it get if drastic measures are not taken now? I think our primary concern now show be to have Bitcoin truly ready for mass adoption, because it is sure to happen someday given the goings-on in the finances of many countries across the globe. Bitcoin needs a stable value before it has mass appeal. Nobody wants a currency that they ant have a reasonable expectation what the value will be day to day. Bitcoin routinely fluctuates 5% in a single day, and 20% movements are not uncommon. This is anathema to a currency. The usd, which devalues very slowly over long periods of time, is far superior for transactions that a currency whose value is a giant question mark every day. You are right, stability in price is highly essential especially when it comes to buying goods and services, but I think it has got to attend mass adoption first before we can have stability in price. When the coins are spread in the hands of many more bitcoiners, the strength in number would really start to play out and the coin would become more liquid. For speculators however, those fluctuations in price turns out to be good news, because that is the tonic that creates the profit making opportunities. |
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... people often depend on bots for trade because for them because they are unable to do trade manually and they find working with bot easier while professional know well about how to trade so they do not depend on these bots for to start the trade.
Some strategies like scalping are terribly difficult (super time consuming) to be implemented by hands. For example, we traded ETH/BTC on Poloniex, we had about 6 btc on deposit, in less then 1 month we made 2317 buy and 471 sell orders! How much time would it take a protein-trader to place 2700 orders? Without any mistakes or typos. One may say that scalping is not effective (not profitable). Our capital turnover was about 1700ETH, but we made +0.94BTC from 6BTC of initial deposit. Surely, some of you guys can do a lot better by manual trading, especially if you do some research, follow whale and ride to the moon with some "unexpected" pump! I love doing that as well, but most of the time I'm late for the party. In the mean time I love seeing some micro-profits from automated-trading. Anyway robots are given a maximum of one third of my total deposit - that is my money management practice. That was a nice feat from your bot! I like the feature that you can decide the percentage of your fund the bot is allowed to access, because that where problems often arises with bots - they feel or care for nothing. Did you develop the bot yourself and can someone else give it a try? I always know that a well formulated and structured bot stands better chance of picking profits from the market than manual trading, because a bot stays focused - devoid of emotions and following every developments in the market day in, day out and their speed of spotting and placing traders is far better off. |
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-----BEGIN BITCOIN SIGNED MESSAGE-----
I, Edwardard, hereby confirm that I am holding sufficient funds for running thebitcoin.casiono signature campaign on behalf of the owner
-----BEGIN BITCOIN SIGNATURE-----
Address: 1PbQTtccgamxYAGhwGmeB21Nw99bqk7A87
IAuoyx/vQPQWu9tiXzfGmEsaNnze0EFlPhzVL0Z+rrz1IHfJ+jP5Dd8CCLE+Nl0KrXm/R4JSjWj2IyuhFvHpT5A=
-----END BITCOIN SIGNATURE-----
How much is sufficient fund? It helps all concerned, if everything that needs to be laid on the table, gets laid right on the table. Just my advice! |
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