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Is your idea profitable?
If it is, 40BTC is a small sum, it will be easy to find an investor.
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As we all know, BTC doesn't have any fixed value, and it isn't related to anything with a fixed value. This could be the difference, though in my mind, there never were anything comparable to BTC.
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I've just checked my spam and I haven't received anything like that. We shall look for common things between those who have received it.
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Actually, the study doesn't conclude bitcoin transactions will reduce 50%, it says the dollar amount of transactions will reduce up to 50%, which is a major difference. Here's the study http://www.juniperresearch.com/research/cryptocurrencyYou can find articles around the web with the conclusions. The whole report with all details (82 pages) is available for a cool £1,750! And you can't even pay with BTC! I think I shall start a poll. Does one prefer to buy 10 BTC or buy this report? My sincere opinion is that anyone choosing to buy the report should be lobotomized. |
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I suppose ATMs which requires identification (how does a machine do that?) have higher limits (buy or withdraw)?
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the answer is almost no banks can liquidate more than 2 or 3% of their deposit! In eurozone they actually have 1% of reserve requirement (was 2% before 2012), in USA some small banks can have 0% of reserve ! http://en.wikipedia.org/wiki/Reserve_requirementNote that in China, reserve requirement is 19%. It has just been reduced from 20%. Everywhere in the world, legal requirements are shrinking. |
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Why bitcoin need Google!!!.... to spread the bitcoin??
To spread the word about BTC. |
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I don't know if I'm lucky, but it never happened to me.
To prevent that, and to learn from the others' mistakes, I'd like to know how some people were stolen. Did it happened while the money was at an exchange? Was that from a hacker who gained access to the home computer?
All stoles ever: 1) Left coins at exchange 2) Got hacked (installed malware) Not all but like 99% Thanks for info. I guess I'm pretty safe as I have 2 computers, and I'm not doing much with the one with my wallet. I've got some little money on blockchain.info too, it's just convenient. I was just going to add a number 3 when I saw your post. Blockchain.info online wallet would be number 3. Too many people complain about losing money there, and there was a new story about them being hacked too. I wouldn't leave any money on Blockchain.info. I don't have much there, but despite a few incidents, I believe blockchain.info is quite safe. If you look closely at their system, it's actually safer than most home computers. |
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I am not that deep into blockchain analysis as you are, but some of the exchanges adresses are known. I think it could be quite easy to estimate wideley they fluctuate in terms of coins. I assume they have a stock which is barely moving and even if they care, they could use at least half of this to do FRB. Do you have further information?
do you know where i can get an updated database of exchanges addresses ? I don't think such a thing exists. And if it does, it would need to be constantly updated, since BTC allows easy, free and unlimited addresses creation. |
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ever since January, where we hit a low, the transactions per day have never been as high as they are now.
the number of unique addresses used is ~30% up from december 2013
miners are struggling making a profit with these prices (so difficulty is lagging behind)
why is the price lagging behind so much?
it has every reason to rise, and yet is doesn't.
Price is dependent on many many things, not only unique addresses. Though, I think the price will rise soon, be patient. I don't see how is price dependent on the number of transactions ? Can't people just make a lot of dust transactions to fake the data ? Yes they can, but they have to pay transaction costs to do so effectively Transaction fees are negligible for big exchanges or miners. |
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No, BTC isn't cash. Read the first line on wikipedia.
Don't just read it, also understand it. vernacular vs. finance use I do understand, vernacular English, and that's the language commonly spoken everywhere. |
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I don't know if I'm lucky, but it never happened to me.
To prevent that, and to learn from the others' mistakes, I'd like to know how some people were stolen. Did it happened while the money was at an exchange? Was that from a hacker who gained access to the home computer?
All stoles ever: 1) Left coins at exchange 2) Got hacked (installed malware) Not all but like 99% Thanks for info. I guess I'm pretty safe as I have 2 computers, and I'm not doing much with the one with my wallet. I've got some little money on blockchain.info too, it's just convenient. |
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we send bitcoin there, and maybe they could swap it to paypal.
if they have the account, and whether paypal apply there?
They do have paypal; I know local charities which accept donations via paypal. So BTC's the logical next step. More than that, this creates a totally new situation. Here, in our rich countries, we wonder how we could integrate BTC in our daily life, but to Somalis abroad, BTC may be the only option to send money home. I'm using BTC because there wasn't any other choice. Hey, that's cool. |
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Well, if there's no exchange in Somalia, it's now a huge opportunity to start one.
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There's a huge difference with the banking sector and BTC exchange companies and I'm not sure you've seen it.
Today's banks actually have the power to create money. They keep a 2% fractional reserve as the law requires in the US, and then they multiply from that, lending money which they do not have and do not even actually exist, but you can't do that with BTC. The amount of BTC deposited at an exchange is fixed, and cannot be multiplied. BTC cannot be created except by miners, and double spend is not allowed.
I'm not saying it's safe to keep your BTC at an exchange, but it is actually much less risky than depositing cash at a bank.
In the first post I explain in detail how they can do it. Yes, but that's very different from what the banks are doing. It's certainly a possibility that an exchange uses, say 50%, of the BTC it has, to invest around at its own risk, doing things like selling those BTC and invest the cash into stocks, but that's no money creation. It's more like if I lend you my car to do your shopping, you use it to go racing. |
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http://www.bbc.com/news/world-us-canada-31159900I use to think that ownership means I can do whatever I want with what I own, but if you own some cash, live in the USA, and want to send that cash to Somalia, you just can't do it. Somehow, this is fascism, and BTC may be the only solution against it. Now, what can be done with BTC in Somalia? Any exchange there?
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There's a huge difference with the banking sector and BTC exchange companies and I'm not sure you've seen it.
Today's banks actually have the power to create money. They keep a 2% fractional reserve as the law requires in the US, and then they multiply from that, lending money which they do not have and do not even actually exist, but you can't do that with BTC. The amount of BTC deposited at an exchange is fixed, and cannot be multiplied. BTC cannot be created except by miners, and double spend is not allowed.
I'm not saying it's safe to keep your BTC at an exchange, but it is actually much less risky than depositing cash at a bank.
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I don't know if I'm lucky, but it never happened to me.
To prevent that, and to learn from the others' mistakes, I'd like to know how some people were stolen. Did it happened while the money was at an exchange? Was that from a hacker who gained access to the home computer?
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