Nobody goes to jail and the banks pay a trivial fine. Meanwhile, bitcoiners are going jail simply for failing to register as money transmitters. It's disgusting.
Theres no ammount of money you can fine on those that would have a decent impact on their business so they think about scamming twice next time, for they are the money makers themselves. They can just ask for money being printed to pay that fine. |
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It's a decent way to promote Bitcoin, the problem is when you give Bitcoin to idiots the most inmediate response will be dumping those Bitcoins for some dollars to spend in something stupid, so unneducated Bitcoin owners means Bitcoin dumpers.
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Why bitinstant again ? Is not it defunct by now ?
It's hard to keep track of what isn't and what isn't defunct by now. Basically because there are endless "businesses" that already went down, and lots of them use generic names that contain "Bit" on it. |
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Unfotunately I dont see any other way for BTC to reach legit mainstream status without full regulation. If it helps the price because everyone uses it then let it be. But guess what, there will always be ways around that regulation if you want that.
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is bitcoin open way forward money launderer to get safe money,i asked that because its appear that bitcoins is verry hard to control or track
As already said, it's not that hard to track. There're other coins that declare being untraceable, but as far as I know, any bitcoin-based coin is easy to track. It's considered that cryptonote coins' transactions, though, are really imppossible to track  But to access cryptonote coins (namely Monero) you still need Bitcoin, and the Bitcoin transaction where you bought Monero with would still show up, so whats the point. Unless the Monero coins you have were mined, their origin will most likely be trade for BTC in some exchange. The point is probably that after that, you cannot follow the monero coins any more. That's the point. Of course you can see that a guy deposited half a million $ in an exchange to get bitcoins. Then you can trace those bitcoins to an exchange that has monero on its list. And from there on, you don't know anything any more of where that money went, contrary to the bitcoin block chain. And thats why the authorities would follow by asking, "where did that million dollars that went into X exchange then to XMR ended up at?" You better have a convincing answer, but chances are you'll not. |
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its not hard to track transactions and probably much easier than most think to associate an address with most users
how you can do it? it's not easy at all, tracking back to the original address it's possible, maybe even when those addresses are mixed, but associating it to a specific person/users is another different story is bitcoin open way forward money launderer to get safe money,i asked that because its appear that bitcoins is verry hard to control or track
As already said, it's not that hard to track. There're other coins that declare being untraceable, but as far as I know, any bitcoin-based coin is easy to track. It's considered that cryptonote coins' transactions, though, are really imppossible to track But to access cryptonote coins (namely Monero) you still need Bitcoin, and the Bitcoin transaction where you bought Monero with would still show up, so whats the point. Unless the Monero coins you have were mined, their origin will most likely be trade for BTC in some exchange. you can mine cryptonote at launch, they are affordable, with a gpu like 970/980, then convert that in bitcoin, simple Yeah so simple, except thats stupid since it will be nonviable after a while, just like its nonviable to mine Bitcoin as a single entitiy now. "Hey, if you want to use Monero, the only way to do it anonymously is by mining them". Don't you see that is pointless. |
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I'd sell my bitcoins if i'm sure that the transaction income will be 900%
Lol.. great though.. I would sell my bitcoins if it is giving me atleast double or triple profit on my investments then I would definitely sell all my bitcoins and enjoy the profit and diversify my investment into some other products like gold or stocks or may be real estate. What happens if bitcoin price keeps on rising? I would sell all my Bitcoins if... ...the price rises above ~$500. it is going to be a good profit for me. although it depends on how we reach this price also i don't care if the price keeps on rising i find my way in again  Why would you sell at 500 USD? that's not even halfway the ATH. Unless you have a lot of money invested and are paranoid and trust your fiat more than BTC, 500 is nothing. |
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We are on the cutting edge of technology. The idea that the most advanced transfer of value system invented by human beings should have to wait 10 minutes is ludicrous. Most people railing against this are afraid of change which is ironic because they are talking about the revolutionary bitcoin.
The transfer of value does not take 10 minutes. Should we just post this every 5 posts on every confirmation thread on the board? Bitcoin transactions take seconds. Bitcoin confirmations take 10 minutes. Credit card transactions take seconds. Credit card confirmations take 180 days. Confirmations != transactionsYeah, like I said before, no one is out there complaining about how credit card transactions aren't instantaneous. Someone should do a youtube video to explain why this is not a problem to educate the masses. |
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anyone investing in litecoin? if yes where?
LiteCoin have no future. Its worth the gamble imo, this was all said before and people would have jumped at the chance for this price even before the china bubble, what has changed now? not a great deal. When doing my mtgox claim the other day and looking at the screen shots i took before gox went down i found my bitfinex one with litecoin @ like $30 ha, good times. How much are you gambling then? I want to gamble some too, but putting it into a sound project like MAID feels safer and should give huge rewards too. I don't think at all LTC has the potential to hit double figures again, unless someone deliberately pumps the ever lasting shit out of it. I have 11% in LTC currently and 89% bitcoin but tbh i think when we hit a bubble its better to be mostly in litecoin or 50/50 perhaps is safer. While its still the #2 coin im sticking with it. It wont hit double figures without a bitcoin bubble. Im too scared to hold LTC long time waiting for a pump that may never happen. The coin's pretty damn dead, look around, their reddit is half abandoned. Meanwhile XMR and MAID are something I feel more comfortable and expecting higher prices than the ATH is almost guaranteed, while with LTC is just a total gamble. |
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Without government support crypto currencies will in normal times ever be just a niche thing for nerds, techies and libertarians. You need the government regulation and acceptance to reach the mass and mainstream. I say keepz the government out of da cryptos all together. We don't need them. we don't want them. We are strong without them.
No, it is for normal people. And no, there will never be government support, because there is nothing in bitcoin that is an advantage for the government. Absolutely. Don't expect government to be so generous to the country. They are busy in making their own money and buying their own bread n butter. government will never support the bitcoin as a currency as they know it can be end of corruption if they adopts bitcoin Government will start to adopt bitcoin when they getting the full control of this bitcoin so they will eat both of them and start to make a new regulation to a new bitcoin user and everything that they do is sure proftable to them rather than us How would you go about getting "full control" of a decentralized currency? Government has two tools when it comes controlling or manipulating an economy which is the monetary and fiscal policies. Monetary policy being the interest rate and money supply, both of which don't apply to bitcoin. Of all the fiat currencies available, all the government can do is market their own home brew and make you think that the thin air that is backing "our" currency is far superior to the thin air backing another currency. They can use their power to all extents, by creating fear: If you use BTC at all, you'll go to jail. Even if it's technically nonsense because Bitcoin is effectively unstoppable, if the fear gets inside people's minds, they could stop supporting it and since people in general are scared of the government, they'll not break the law in order to keep BTC going, and they'll bite the bullet and keep supporting whatever scam government and the powers that be have on mind. So basically, it's on people's hand to keep BTC alive or to get keep getting fucked by the fiat (and in the future, e-fiat) scam. In any case, there will always be people out there running BTC just like every other decentralized network, and specially BTC being the strongest ever, so underground or mainstream, BTC will never disappear and will be there for whoever wants to use it. |
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I wonder... are you guys going to report your tax gains on signature campaings?
Sure it doesn't pay much, but after a year and with this low BTC price, you could store a decent amount. Then let's say BTC goes back to 1K and beyond on 2017.
Would you report those gains? how would you do it? If you don't do it, how do you avoid revealing your total BTC stack when you buy something BTC/exchange the BTC for fiat to buy some stuff?
What is your plan with this?
All the BTC i got is from dollar cost averaging, but i've never bought anything with it yet and never left the bitcoin ecosystem.
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Just wondering what you guys think was this just a project that he made whilst being drunk in univeristy and decided to release it and it caught on fast or did he know that it was going to get this big?
He designed Bitcoin in a way that the supply would keep being filled with new coins until year 2140... so yes, he expected it to change finances forever and to last more than we'll ever live and beyond. |
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Who are these two people? Cannot find anything about them online.
Wei Dai's home page is here. Nick Szabo's home page is here. Satoshi Nakamoto's home page is here. You almost tricked me with the last link. The thing is, satoshi actually had something that could be said to be his homepage: his profile on his p2pfoundation http://p2pfoundation.ning.com/profile/SatoshiNakamotoThis is the last time satoshi was ever active (afaik?), and what he used to confirm he is not Dorian. |
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Banning decentralized technologies in countries only make them more used on there. For example, freenet is banned in china, and china is the highest freenet node supporter.
Mr Putin should give up and embrace Bitcoin.
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Your post doesn't make much sense. Also, im pretty positive someone has already released altcoins named Pussycoin, Titcoin and the lot.
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In the U.S., the government has the authority to confiscate property used in a crime, but they don't have the ability to confiscate bitcoins unless they have the private keys.
The government may not be able to force you to give them your bitcoin, however they can coerce you into doing so with the use of force or the threat of the use of force. For example they could keep you in jail under contempt of court until you give up your private keys if a judge were to rule that you must do so But if you recieve coins that come from ilegal origin, why should I pay? it's not my fault I mixed my coins or deposited on a exchange (same technique as mixing basically) and I end up with coins that have history of being around in silk road or whatever. This makes me pretty paranoid about BTC. Imagine you pay someone for a coffee and the coins have history of being used to buy cocaine or something lol. |
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LTC will mirror BTC on the next leg up in a larger way, so now is the time to doubt. I'm saying that newer entries go for ltc when btc goes too high and they always have. Ignore at your own peril.
yes even with bitcoin people give fractions of bitcoins geeky names, still if btc gets back to new highs many users won't want to spend hundreds of dollars just for a fraction of a coin. so yeah alot of users would rather spend that on a few whole litecoin and still have a valid respected crytpo. whether you personally agree or not thats the reality of it. It's very tempting to buy LTC now in case a huge pump happens, but I doubt it would deliver higher returns than just holding BTC. I dont know, I just doubt very much LTC will ever reach 30 dollars or so, thing seems pretty dead now compared to BTC. |
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Bitcoin is the biggest network in the world, more than all supercomputers running together, thats why.
And any other analogies you want to make (look what happens with myspace etc) will never work, because Bitcoin is decentralized.
Bitcoin is one of the most centralized currencies on the earth. Core changes are controlled by literally a handful of people. USD and EUR is much less centralized (and much more anonymous) than bitcoin because no central authority can take money buried in your backyard, but a single update by Gavin and every bitcoin and wallet on the globe is affected. You have a point, but then again at least we can see the code itself. With fiat, specially when the governments start making their own cryptocoin to try to compete with BTC, it will be closed source. If you do something to Bitcoin and people like your modification, you can join them and fight the famous core developers to try to be more influential. With the government and central banks, you cant do shit and you cant see shit. |
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Apple Pay has huge potential due simply being something that Apple made. Apple could brand a box full of shit and it would still be a success. Such is the sheeple.
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Im trying to learn some programming and do freelance work for BTC, but the main way to get BTC for me and most people is unfortunately by dollar cost averaging monthly using the wage.
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