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3221  Economy / Economics / Re: instant bank transfers thoughout whole europe next year reality. on: September 28, 2016, 01:09:57 PM

Wire transfers and card transactions are certainly not the same thing, but other than that your post is full of contradictions. You say that I can't use cards to send money directly to someone else. I don't quite understand what you mean by sending money directly...

How do you actually send money to other non-business individual (i.e. small loan to a friend) using debit/credit card? Afaik you could do this 'indirectly', by using 3rd party (paypal, Circle etc).


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...and how it is different from wire transfers in this regard, but not only do I see the monies get credited to my bank account (linked to my card) within minutes, I can as well spend these sums immediately

Are you a merchant? If not, again, how do you accept credit card payments? If I wanted to pay you $10 with my credit card right now, how do I do it?


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And then you yourself confirm that the recipient accepts payment instantly. How come? Yes, the transactions may get settled some time later, but what difference does it make for me? Further, what's the purpose of chargeback if I can spend the money received this way right away? In the past, I once used chargeback successfully myself, but it was initiated against a company, not an individual...

You don't claim chargeback from individuals, because individuals don't have facility to accept card payments.
From my experience, card txs are not always immediately recorded (already stated one extreme example of tx taking 2 weeks to show in statement). Usually it would change 'available funds' amount immediately (except for weekends) and appear in statement on a later date.
It doesn't matter if bank allows you to spend unsettled amounts. When customer successfully claims chargeback, they would still take that amount from your account, possibly putting you in debt, this won't happen with bank transfers.

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Yet further, if merchants are paying for transactions made with payment cards (which may well be the case), why prices remain the same whether you pay with a bank card or through a wire transfer?

Prices of goods/services are the same, but many merchants, or even government institutions (ie DVLA), or airlines, would charge you extra for paying with card (mostly applicable for credit cards). Some won't accept credit cards at all, some would require minimum amount spent etc. Around here, many local newsagents would charge you ~Ł0.50 for paying debit card etc.
3222  Bitcoin / Legal / Re: Is Bitcoin Mixing legal for US citizens? on: September 28, 2016, 09:31:53 AM
This is a gray area.  I am not sure why it would be illegal but I am not certain they have come as far as saying it is legal. The only legal implications come in is when you sell BTC for a profit and turn into USD.  Correct me if I am wrong.

Is buying a cheeseburger a legal grey area just because authorities haven't specifically stated that "buying cheeseburgers is legal"?

And no, you're not exempt from laws and taxes just because you haven't converted BTC to USD.
3223  Economy / Economics / Re: What kind of global issues can move bitcoin price? on: September 28, 2016, 09:15:55 AM
People in this thread say a lot that one of such issues is economic crisis. However, can't it be actually the opposite? I think that economic prosperity may as well move the price. If local currency becomes higher in price, wouldn't it cause more people using it and not Bitcoin? This way Bitcoin price will become lower.

What do you mean by 'local currency becomes higher in price'? Deflation? If so, that is most likely to happen during the crisis, not prosperity. Most governments aim to have a healthy rate of inflation.
3224  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : now with added CLAMs : Play or Invest on: September 27, 2016, 08:59:02 PM
The reason for the difference is that the 2nd biggest holder is likely poloniex, and they don't stake their coins at all.

I never understood why they wouldn't stake and take a 10% cut of coins earned or something.

They make more money and they help decentralize the coin that they are risking their asses on by accepting deposits...

Somehow they're already making enough money that the extra 10% here just fell below their radar?  I dunno.  It is surprising that they wouldn't stake on reasonably valuable POS altcoins that they support.

Looking at their volume and trading fees, I could understand how 10% of staked clams is rather insignificant and not worth the effort. Plus, if they were to sell those earnings on their own exchange, it surely would cause some shitstorm and (valid) accusations of driving the price down.

Or maybe they just trying to avoid gaining >50%?

Do they stake any other PoS coins?
3225  Economy / Gambling / Re: BetKing.io - NEW DESIGN! Most trusted and popular crowdfunded Bitcoin Dice site on: September 27, 2016, 08:28:13 PM

Well done, site looks pretty good. But noticed that on the bottom of the site, just under Betking logo, phrase "The worlds most trusted Bitcoin Dice site" is black font on black background (slightly different shades), so almost invisible.
3226  Economy / Economics / Re: instant bank transfers thoughout whole europe next year reality. on: September 27, 2016, 08:17:10 PM

I see your point, but, on the other hand, doesn't it render the whole question somewhat hypothetical? I want to say that virtually everyone who would be considering sending money from one bank account to another bank account in another country (as you mean it) is already using Visa or Mastercard. In fact, I am also using wire transfers (that seems to be the proper term for what is being discussed here) now and then, namely, when I run out of limits for sending funds from card to card free of charge...

Well, it seems now that the issue is not as hypothetical as it first seemed to me

Wire transfers and card txs are not the same thing. You can't directly use card to send money to another individual. Also card transactions are not free, there are fees attached payable by merchants and usually are included in price of goods/services and are not instant. When paying with card, the recipient accepts payment instantly (because he knows tx has been approved), but the transaction are not yet settled (+ there's a chargeback period). I remember on one occasion it took ~2 weeks for the debit card payment to be recorded and taken from my account, usually it takes 1-2 working days, while most of bank transfers within UK are instant and free.
3227  Economy / Scam Accusations / Re: Why Freebitoin.in is a fraud on: September 27, 2016, 04:27:44 PM
How can you lose 13 or more times in a row if you are betting on a different odd each bet? like 2 times on hi 2 times on lo and 1 time hi 1 time lo/ hi/ lo/ hi/ hi/ lo/ lo/ hi/ hi/ lo/ lo/ lo/ hi/ lo/ hi/ hi/ hi/ hi/ lo/ hi.

Now can someone give an estimation on the percentage that could happen and all with lose streaks?

The chance of hitting 13 losses streak is the same as when you bet hi or lo for every bet. Mixing hi/lo won't increase your winning chances.
3228  Local / Polski / Re: Awatar on: September 27, 2016, 04:01:17 PM
chciaż ostatnio widziałem newbie z avatarem...
pewnie jakaś płatna opcja lub coś podobnego. Dla regularnych użytkowników tylko nabijanie rankingu...

To musialo byc (bardzo) stare konto z niska ranga. Kiedys nie bylo restrykcji na awatary, mozna bylo wstawiac gify itd. Nie ma na tym forum platnych opcji tego typu.


IMHO to forum jest nieczytelne przez wszechobecne sygnaturki z reklamami, przestarzały design itd. Jeśli szukasz polskiej społeczności to polecam forum.bitcoin.pl

Wyswietlanie sygnatur/awatarow mozesz wylaczyc w ustawieniach konta.

forum.bitcoin.pl owszem fajne, choc tez za wiele tam sie nie dzieje.
3229  Economy / Economics / Re: instant bank transfers thoughout whole europe next year reality. on: September 27, 2016, 03:38:29 PM
at this point it takes at least 1 business day to get money from one bank to a bank in a different country in europe. what do you guys think about this? will it be a positive or negative change?

Of course it's a positive change and massive improvement. I reckon eventually all bank transfer will be instant and free.

But obviously that's not a great news for Bitcoin, it'll be considered slow and expensive way of transacting and its only advantages over fiat left would be: decentralisation (questionable), censorship-free, fixed supply. But those virtues are probably not very appealing to the average Joe.
3230  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: September 27, 2016, 02:45:53 PM

Nice mainstream press hit on Vitalik and ETH:

http://fortune.com/ethereum-blockchain-vitalik-buterin/

Can This 22-year-old Coder Out-Bitcoin Bitcoin?

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...
Although he’s among the youngest in the room, Buterin is indisputably the star of the group. He is, after all, the wunderkind creator of Ethereum, the network on which Ether runs. And Ether is now the biggest rival to Bitcoin, the $10 billion cryptocurrency that mysteriously burst onto the scene less than a decade ago.
...
3231  Other / Off-topic / Re: can i be sued for creating a facebook page? on: September 27, 2016, 02:37:33 PM
I think so because you are previously employed to them.  ...

He said he was their agent, this doesn't have to mean he was employed.

@OP, have you created that FB page on your own initiative, or have they instructed you to create/maintain it as part of contractual agreement? Have you signed a contract with them at all? If so, are matters like this specified in it?

I'd say you likely got nothing to worry about, the fact that you're in different country makes it extra complicated for them, even if they had a good grounds to sue, which I think they don't.

Plus, if it was a case of trademark infringement, they could talk directly to Facebook and get that sorted.
3232  Economy / Economics / Re: What kind of global issues can move bitcoin price? on: September 27, 2016, 02:07:51 PM

Realistic factors that could move the price up:

1 - Negative interest rates becoming more common, it surely would drive some people to put a portion of their money into BTC/other crypto
2 - Moving towards cashless society concept. When physical cash is no longer available, but Bitcoin usage is allowed, that would take the price to a whole new level. That's off course only if Bitcoin can scale.
3233  Other / Meta / Re: How many high rank members are still active now? on: September 27, 2016, 01:43:47 PM

You could do members search - show all - sort by date registered, and start clicking on profiles to see who's still active. But apparently viewing all members is temporarily disabled.

Theymos probably has the highest activity here, there were only 34 people registered before him, his uid is 35. But possibly there are few older accounts still around. There's SmokeTooMuch, registered Dec 2009, last active 3 weeks ago, but his last post is from Jan 2016, so hard to say whether he's still active.
3234  Bitcoin / Legal / Re: Is Bitcoin Mixing legal for US citizens? on: September 27, 2016, 08:40:00 AM

What's not forbidden, is allowed, so there's nothing illegal in mixing bitcoins.

But, if you earned your bitcoins in legit way and just want to mix them for the privacy reason, it's always a good practice to keep a record of your transactions (ie deposit/withdrawal txs to mixing service) along with a receipt from mixing site (if provided), so you can produce some sort of proof if authorities ever question your income.
3235  Other / Politics & Society / Re: POLL Clinton or Trump vote! on: September 26, 2016, 06:55:57 PM

I am shocked by the vote ! The world has gone mad ! How can you vote for this idiot? In the UK have already voted and I don't know what to do. Now Americans are voting !

I'm not surprised at all. Results of this poll are fairly consistent with worldwide voting. As of now Trump leads 77% to 23%, nearly 114k votes.

https://worldwide.vote/hillary-vs-trump/#/results

3236  Economy / Gambling / SafeDICE.com ★ Bitcoin Dice ★ Monero ★ 0.5% Edge ★ Fast Cashout ★ Since 2014 on: September 26, 2016, 01:17:40 PM
Hope it works out  and turns out you didn't get stolen from but thankfully the amount isn't very large.

Yeah me too and well the amount is not very large yes but still i was building a bankroll from low to high with the btc i had left  and its was near total of my bankroll so its not so fun Sad

It seems a bit odd that, if someone hacked your account, he would withdraw only part of your balance, not all of it... What was your total balance?
3237  Economy / Gambling / Re: SafeDICE.com ★ Bitcoin Dice ★ Monero ★ 0.5% Edge ★ Fast Cashout ★ Since 2014 on: September 25, 2016, 01:39:26 PM
Got a error msg  when I tryed to withdrawal 4.5btc guessing hot wallet doens't have funds, anyway lmk they software said msg support.

Try to withdraw smaller amount ie 2 btc and see if it goes through, if not try 1 btc etc. And do email support, to make sure admin is aware of this
3238  Other / Politics & Society / Re: POLL Clinton or Trump vote! on: September 24, 2016, 07:56:48 PM

Gary Johnson is polling very strongly in some of the swing states, such as Ohio, Pennsylvania, and Colorado. This is bad news for Trump, as most of those who are supporting Johnson are GOP voters, who don't want to support Trump. Anyway, I don't understand the point in voting Johnson, as he is having zero chance of winning the POTUS elections.

Looks like GJ just kill his chances:
https://twitter.com/PrisonPlanet/status/779377786897199104/video/1

I know it's some kind of sickness and shouldn't be laughed about, but you can't take him seriously after that.
3239  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ICO] Inchain - insurance for the crypto economy on: September 23, 2016, 10:33:41 AM

2 We plan to cover BTC & ETH accounts only from the start. And if other altcoins are stolen - it's not an Inchain insurance case.

But if say Monero is stolen and exchange can't afford to cover losses from their own pocket, that would also affect BTC/ETH deposits. Exchange would have to limit deposits for every user, until they're solvent again.

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3 If insured has no loses then no compensation.

So the insurance is paid out only if exchange goes bankrupt after the hack? Otherwise, every exchange will have to compensate their users, they'd have to allocate a portion of their fee income to cover the loss. The problem is, no one knows whether they'll manage to recover and how long will it take (could be a decade etc).

And how would that work in case of say Mt Gox? Afaik the process is still ongoing and it's still uncertain what are the losses and how much will they manage to recover.

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4 No, the verifying of this is very difficult task. We charge an appropriate insurance premium from the insured and we do not verify has the insured the money that he insures.

That makes potential exploit very easy, see below (hacker/exchange draining inchain)

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5 I think it depends on insurance rank of the service. If we see a major exchange has a very low insurance rank we will not offer to insure accounts on them. And vice versa.

6 Firstly, the Inchain strategy includes an establishment of shared and clear rules for cases when exchanges are hacked. This rules must be accepted by all exchanges/wallets that participate in Inchain insurance. These rules require a fully transparent info about a hack and losses from exchanges/wallets, also all losses must be spread evenly among exchange's users of a hacked cryptocurrency. A good example of this case is the Bitfinex case.

For now, almost every hack is transparent enough to understand how much assets lost.

OK, so insurance would be possible only for businesses which agree to cooperate/participate with inchain (disclose required info etc)?
To get the clear picture - Who are your target clients (who will buy insurance)? Are you aiming for exchanges (business) or exchange users (individuals)?



4 - then hacker/exchange (or anyone aware of the hack before announcement) could easily drain entire inchain's capital


Could you pls explain how can a hacker/exchange drain an Inchain capital?

They know about hack before anyone else does --> they buy inchain insurance --> hack is announced to the public --> they get paid the compensation from insurance
3240  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ICO] Inchain - insurance for the crypto economy on: September 22, 2016, 09:51:55 PM
...

Thank you for very good questions. And allow me to answer tomorrow because my eyes wanna sleep so much)

Sure, no rush.

I have 1 extra question:

7 How will you prevent potential abuse of exchange itself buying insurance after the hack but before official announcement?

A few of those have been answered before so I know the answer to those.

2) BTC and ETH only at first. Others may be added later.

4) As long as you pay your premium it makes no difference to Inchain whether or not you have the BTC in the exchange.

5) At the moment 12 exchanges/webservices are being considered according to the survey. It has also been implied that the premium will depend on the exchange you are using.

Thanks for that. But:

2 - if significant value of other alts are stolen, that would affect all holders. Unless exchange can cover losses themselves, they'd have to freeze a portion of every account.

4 - then hacker/exchange (or anyone aware of the hack before announcement) could easily drain entire inchain's capital

5 - this makes sense, that's what I thought.
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