i dont like dealing with newbies.

if they want the money instantly instead of waiting however long it might take for an ach payment to process with the bank, and they don't want to deal with scammers / higher fees for paypal trades, this service exists for the few that may need it.

won is the literally the currency (fiat) of south korea, like how the dollar is the currency of the us, and the pound for the UK. you could at least do a simple google search and not look like a total idiot.

it's not just the north / south tensions that are causing this, sure it may have been a contributing factor, but even then no sane person would convert their entire liquidity into a single asset (bitcoin). the south korean government has been passing legislature that favors the growth and use of bitcoin in recent times, apparently there was another piece of legislation passed that made the seizure of bitcoin unlawful, just one off the top of my head. As for japan, they seem to wholeheartedly be on board with bitcoin, with that large company pouring millions into a mining farm with 7nm technology and the central government legalizing bitcoin some time ago. seems to me the future of bitcoin will start with the help of these two countries.

not connected by any sort of network, sure, but they are definitely connected by idea. just them being cryptocurrencies are enough for, lets say, news that damages crypto to cause all of them to dip in value simultaneously. we've actually seen this happen quite recently in fact, when the news broke that china had banned ICO's, the price of bitcoin and alts (the major ones, from what I could see. I dont really care to track prices all that much) dropped a similar amount by percentage. i think it's fair to say that if bitcoin were to be banned worldwide, alts would follow suit. however, this theory does not hold if bitcoin phases out of relevancy from not being scalable, and another alt takes over as the forefront of cryptocurrency.

i think you missed the question, i think the op was trying to ask if his transactions from his wallet could be prevented from being processed, not if his wallet could be compromised.
and yes, it can. to my understanding, if big pools and miners set it so that transactions originating from addresses known to be contained in your wallet (technically, it would only have to be addresses containing the coins you are trying to spend in a particular transaction) then your transactions would not be processed. however, if a miner or pool not blocking your addresses were to find the block, and your transaction was included in that block, it would be processed. this (again, to my understanding. someone can correct me if im wrong) is the same idea that allowed the services that sped up transactions to work.

first off im not sure how one can 'confiscate' an account, perhaps you meant something more along the lines of freezing someone's assets? this is just a guess, but in that case, i think in legal terms, there is a difference between what bitcoin is classified as, versus the legal tender of a nation as deemed by the government (which is contained in a bank account).

in this case, the korean won, the legal tender of the republic of korea, does indeed hold an objective value.

bitcoin has already been used in such a manner by criminals, namely silk road and other marketplaces would be the first thing that comes to mind.

not true at all, a lot of these altcoins are intended as projects in the case that bitcoin does fail; a lot of these altcoin shills are people that believe wholeheartedly that bitcoin will fail, and whatever alt they push long term will be the 'one altcoin to rule them all' or something. granted, a lot of these will die out and be worth nothing in the foreseeable future, a few of these (namely litecoin, ethereum, dash) i can believe will exist entirely separately after bitcoin dies out, if it does. but yes, the majority of pump and dump shitcoins will be worthless, but it's not as if they arent already worthless anyways.

they can always be purchased with other altcoins, just depends if that form of payment is accepted or not.

potentially, maybe. but that's only potentially, if you hit on every altcoin that gets pumped and dump at the right times. however, anyone should know that the chances of this hypothetical situation actually happening is pretty close to zero. comparatively, we can look at penny stocks on the stock markets, which can balloon maybe not as fast as some of these altcoins, but they can, nonetheless. I don't think i know enough about both to make a fair judgement, but honestly i think its a coin toss, just the right time and the right stocks / coins might make all the difference in which volatile investment comes out ahead.

i dont think that would ever actually work out, even for a decade. why? unless this hypothetical country can produce literally everything it needs, from resources, technology, services, infrastructure, manufacturing, etc, it will need to trade with other nations. if those countries that the hypothetical country would need to trade with had banned bitcoin, well, they simply couldn't trade without a means to provide something other than bitcoin as their trading tool. sure, countries could provide other goods (essentially, barter) to trade with, but i think the world economy is fairly stable in who provides what. Of course, this could hypothetically be overcome, but it's unlikely without a globally accepted currency to leverage with.
Also, i highly doubt that any one country can be entirely self - sufficient.

could you link the original ann post that you translated and the post you (claim) to have translated? if we slap that into google translate and it comes out the same as the one you posted, it should be pretty clear if you did or didnt. if you decide to not respond to this ill take it that you're admitting guilt.

i dont think there's anything to explain, im charging a fee of 7% with a 5 dollar minimum, was this somehow not clear? or just wishful thinking on your part?

that's one very great point to make, you shouldnt really try to convince someone to put their money into something they have no knowledge or interest in, in this case, their panicking from the regular price fluctuations is probably a very likely outcome considering their lack of knowledge in the subject. if anything, see if they want to learn about bitcoin and cryptocurrencies in general before anything else, see if its something they want to put money into of their own accord. there's too much perceived negative air surrounding bitcoin to the ignorant for one to feel comfortable putting money into it (thats my thinking anyways).

that's actually great, bitmain has always held a sort of monopoly over mining hardware, and the fact that no other manufacturer has been able to compete in efficiency doesn't help at all. with a company willing to invest this much into a market already dominated (by bitmain), it might drive prices of mining hardware down and let it be accessible to a greater range of people. to add, it seems theyre planning to go forward with a 7nm architecture, and with that, we might be seeing single asic machines capable of hashing at 25+ TH/s. didnt seem to say if the company would make these available for purchase to the public, but I really do hope that's the case.

would you care to explain how an eth wallet gets hacked in this context? im not trying to rail you on anything, just a legitimate question. it seems to me with each major altcoin, there is always a greater emphasis on security as it's expected that individuals new to crypto are entering the scene due to hearing about some new cryptocurrency. given those assumptions, it seems rather ridiculous that such a large percentage of wallets could be compromised on a regular basis. I dont know enough about the ethereum scene enough to formulate a possible reason, so if you could enlighten me, that'd be awesome.

there's only a potential to get hacked if you leave a reason that would cause you to be vulnerable. a hard wallet with zero network connection with transactions only created and signed, then broadcast to the network on a separate machine, for example, leaves nearly zero risk of being compromised. there's always a reason a vulnerability exists, and more often than not, the user themselves are at fault for causing it.

but op isnt denying the value of bitcoin and how its value has increased exponentially over the years. op is pointing out that its not just an asset of value, it's the start of a technological revolution that could very well lead to the currencies akin to those we might see in a sci fi film. and you can;t really blame those who just treat it as money / value, money does make the world go 'round after all. Personally, i think holding bitcoin is having a stake in the future, even though i believe bitcoin itself might not be the currency we all use in the future. Just by using bitcoin, i can ultimately come to familiarize myself with its basics and inner workings, and ultimately be ahead of the great majority if a cryptocurrency were to be adopted worldwide as the global means of trading value. its also pretty cool if you're a gook like me, so i guess there's that.

Let's make this simple. Sell your bitcoin to me for paypal funds. I won't be sending first (i don't care about what you say about paypal being reversible and me being protected) without a good reason or if i know you've got a solid rep.
- Do not send to any address of mine without confirmation from me. any coins that magically appear in my wallet will be considered a donation.
- Minimum trade will be 50 usd, as calculated by the preev rate to be locked in before the trade.
- I'll limit the maximum for now to about 200 usd.
- Minimum fee will be 5 usd in case you want to do a small trade.* other than that, fee will be 7%. this isnt a charity after all.
- I will not be dealing with newbies.
- Paypal funds will be sent after 1 confirmation.
- read this post and understand the terms. really.

I'm offering this service as a means for people that want to cash out their bitcoin without dealing with the plethora of low ranked members looking to scam. I've done a fair number of deals on this forum thus far, some including paypal and bitcoin exchanges, so I'd like to think I have some established trust at least. I'd like to just have a few regulars in the future, so if you just want small amounts of coin converted to paypal on a regular basis, either post in this thread or shoot me a pm. pm's will probably reach me faster.

I'll be doing probably ~1000 usd worth of deals a week max for now.
please note there will be a slightly higher fee on deals if your accounts are based outside of the US. there is a small fee associated with usd -> other currency exchanges (even on friends & family gift) and i will notify you if there is.

thread self modded to delete spam in general.

any requests to add on skype / whatsapp / kik /whateverthefuckelse will be ignored / deleted. trades will be done via the forum messaging system.

To initiate a trade, please pm me with how much of what coin you are trying to sell for as well as the country you reside in.

also, now accepting ethereum and litecoin.

latest update: along with the addition of the merit system, I will trade with users of at least the 'member' rank and at least 35 merit. this is subject to change as i get more familiar with the merit system.

exactly, it's a big if on weather or not a law will actually be enforced; if the government (in these cases) does not have total knowledge of who controls a particular asset and how much of it, they cannot enforce this type of law. in fact, they have zero power to do so, and can only hope to rely on the people being honest and stepping up to disclose their holdings.

okay and? bitcoin takes time to appreciate in value too (and it can deprecate as well), can people actually not think this far? it seems everyone is hung up on the potential negative or not as positive aspects of an asset and either completely fail to process the fact in their brains that the exact same could be said of the other, or flat out ignore the fact.

correct. bitcoin ultimately boils down to being an experiment. an experiment that aims to accomplish several things that aren't really mainstream in this day and age: a decentralized currency, not backed by any central government or organization, and a completely digital means of a monetary system, completely separate from a government's legal tender. gold has an established place in today's world as an asset; it's glory days are over.

when it becomes scarce enough, and if demand for it still exists, it could definitely happen. that all depends though, if gold is still treated as a precious substance in the coming years.

well, it's pretty normal for any stake holder to panic when the value of an asset drops nearly 20% in what was practically overnight. can't really blame your friends.

it's one of two possibilities: they either don't care because they're generating traffic off of dishonest clickbait, or two, your voice doesn't matter to them, and they won't take down the content without someone with more influence calling them out.

oh it could definitely happen, the actual problem is how enforceable the law would be. downloading movies and music through p2p means is considered illegal in the states, but its a pretty widely known fact that a large number of people do it anyways (and if you dont, you might actually be living under a very large rock). i dont doubt that a government with enough resources could potentially be able to set up an infrastructure solid enough to track bitcoin network related traffic, but the real matter lies in physically enforcing people to not use bitcoin. this would either mean mass sending of cease and desist letters, eventually culminating to physically sending law enforcement to a location. it's just not economically feasible, and there's too many existing ways to bypass detection.

its not about receiving complaints, the government gets complains about everything all the time. there is not a single policy in this world that every constituent will be satisfied with, nor will there ever be. however, if a ban does ever come into place (a ban that's going to be far too ineffective to enforce and maintain, and therefore in this event, people would still be using it anyways, sort of how people still use p2p), i would bet moeny that there would be more than a few wiling individuals that would buy up all the panic seller's bitcoins at a discount from everyone panicking for their last chance to cash out.

the revolution is coming, but i dont think it will be bitcoin that takes the future. a massive, nationwide scale adoption wont happen without the government retaining some sort of centralized control over the currency.