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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I think nordic countries are a result of eugenics. Why they have to be all good looking and tall?
The tall part comes from less sunlight. They stay inside a lot more because of the cold weather. Wrong. The people there are used to the cold. They go out a lot all year round. My last time in Norway was in April, there was still some snow and yet on Oslo's waterfront, I've seen people enjoying drinks several restaurants' terraces. That was at night, on a weekday.
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I was interested in Openbazar when I first heard about it, but I'm horrified by all rating systems. That's one of the reason I don't use Airbnb. I don't want to be rated, and it's all BS anyway. I used to read Tripadvisor before I learned you could buy the work of Indians who will write as many fake reviews as you want. You think you're safe but you're not.
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Thousands of people are getting retired every day. They quit their working life, and nobody's complaining or wondering anything about it. Coming and going, starting and stopping, that's just life.
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I'm not giving too much importance to this data. We need a better indicator than the raw number of transactions, which can include dust transactions or fake ones. May be someone could fork the number of transactions above 1 BTC, excluding the most popular addresses.
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Hey, great idea!
I'm paying to use Skype, and I had thought it would be nice to pay with BTC. It's even better if there's a bitcoin-only new system. But I guess it will be difficult. Noboby would accept a service which doesn't work as well as Skype.
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Crowdsourcing for Greece?
I'd rather grab a lighter and burn my cash than give it to that corrupt, dirty and inefficient country. The Greeks fully deserve the mess they're in. Lending them money is like throwing it through the window.
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"I don't think it will fail".
This is the sentence which matters, not the one chosen as the title of this topic.
Here's my reply to Gavin's words: "Neither do I".
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Just one question to make things clear: this new website is not an exchange, right? This is only a website to find information about cryptocurrencies?
This new website is the right platform for all your investment needs. You haven't answered the question. Is this a website which gives information about where to invest, before users go to an exchange, or this is a new exchange platform?
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To those who ignore it, the nazis were the strongest proponents of eugenism. They killed the inferior people (jews, gypsies...) and they created the lebensborn to organize the master race.
The Boys from Brazil https://www.youtube.com/watch?v=167yT9JX0_YThat was fiction, but there's real history behind that movie. Didn't something like that happen in Argentina where most of the Nazis fled. Not in Argentina. In Germany, and even in 1944, when there were food shortages everywhere, the children were well fed.
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I don't like their idea to mix leaked Hollywood movies with confidential government secrets. They should choose what kind of users they're looking for.
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Nothing new here, in many banks, paying a small fee is normal practice to get an account, unless you keep a permanent minimum balance over say, €5,000. And I suppose you don't know the banks for the rich. There are banks which give free credit cards, and free drinks when you visit, but you must keep over €100,000 on your account...
Huh? I'm far from being rich, but I got free banking account (UK) without balance requirement, free credit card, no interest if you pay it off in the first month (pretty standard) and if you want to chat with your bank manager, they would usually offer you a free drink, that's called a good manners. You may not be aware of it, but you should consider yourself quite lucky. I suppose you've been with your bank for a while.
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I don't think they're much related as there BTC owners like me who don't have any interest in any altcoins.
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Nothing new here, in many banks, paying a small fee is normal practice to get an account, unless you keep a permanent minimum balance over say, €5,000. And I suppose you don't know the banks for the rich. There are banks which give free credit cards, and free drinks when you visit, but you must keep over €100,000 on your account...
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Imagine your child is kidnapped in a world with and then without bitcoin.
Without: In order to ask for and recover a ransom... there needs to be a physical drop off, or trackable transaction which can allow for the recovery of the child or the funds. Many possible situations must be contemplated by the criminals including... stings, tracking embedded cash, set-ups, etc. etc. Making the job of the criminals difficult.
With: Simply kidnap who you want, demand bitcoin. Kill those who do not comply, collect from those who do.
From the eyes of a criminal, there's no difference. In those African states where kidnapping is relatively common, organizing the recovery of a ransom isn't a problem. The criminals know too well that as long as they keep one hostage, the person paying will not take any risk which could endanger the life of the person kidnapped. Hey, even governments with all their power and armies pay ransoms!
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No, BTC isn't cash. Read the first line on wikipedia.
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Just one question to make things clear: this new website is not an exchange, right? This is only a website to find information about cryptocurrencies?
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Hey I feel like coinbase report to the government about your bitcoin activities. I want to know if anyone on here can tell me step by step on how to exchange my bitcoin for USD anonymiously.
https://localbitcoins.com/ Some people have success here, you will have to pay extra based on the market prices. https://localbitcoins.com/ is great, the only drawback is that you may have to travel. If you're not a big city, there won't be anyone willing to buy BTC nearby.
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It's quite easy. Governments would have to spend less, banks would have much less money to lend, and getting credit would be more expensive. Overall, the economy would be better, except that with so many banks and countries in such a terrible state, there would be many bankruptcies without some kind of QE.
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