All you need to do is to hold the BTC in your own wallet. Any wallet that gives you access to the private keys is sufficient.

BTW, your buddy got his 40+BCH. He just needs to find out how to access it. There are plenty of articles that describe how to access it. Just search.

If you read further down in the thread, you will find more information:



You can read them here though: https://bitcointalk.org/first_topics/

You can do it if you use Ethereum and one of the coins is ETH. Otherwise, it may be possible with some severe restrictions or by relying on a third party.

This is a Bitcoin forum. You will probably get better answers if you ask on an Ethereum forum, such as https://forum.ethereum.org/.

A wallet on your phone is better. I recommend Airbitz, because it is designed to be easy-to-use.

In general, avoid online wallet sites that don't give you full and exclusive control of your private keys. They have a terrible track record for keeping your money safe.

It occurs to me that a bank selling a token backed by fiat is the equivalent of getting a 0% interest loan. What do they do with the fiat? They loan it, of course, and people use it to buy more tokens. The result will be massive inflation and a bank run. It will be a death spiral for the yen.

Bitcoin gold is a pump-and-dump scam. They are promoting it everywhere, trying to drum up interest so that people will buy the currency from them.

There is a pre-mine:


See  https://bitcointalk.org/index.php?topic=2133536.0

The production and the monetary supply of Bitcoin are invariant, so the only long-term variable determining the price is demand. It doesn't matter what it costs miners to mine it.

In fact, the price determines the aggregate cost of mining, and not the other way around. That is because the cost of mining only determines who mines. It does not determine how much is mined.

Cisco?

Everyone agrees that Bitcoin needs a lot more work, but the current problems can all be solved and people are optimistic about the future.

1) Distribution doesn't mean anything. The distribution of every currency in the world is lop-sided. How many Swedish krona do you own? I bet more than 99% of the people in the world own 0. Is that a problem? Anyway, if someone wants bitcoins, they can buy as many as they want.

2) Bitcoin itself is not designed for instant transactions. For many types of transactions, that is not a problem. Either way, Bitcoin transactions may be very fast in the future with a Lightning Network, or something like that.

3) Yes, it is complicated now, but so is writing a check or using a credit card for someone that has never done it before. It will become easier with better software in the future.

4) As adoption increases, so will awareness. Bitcoin has not yet hit critical mass, but it may eventually.

5) See #2. Also, did you know that sending money from an account in one bank to an account in another takes 3 - 5 days in the U.S.? Bitcoin is so much faster than that. I wonder if banks will survive.

6) High fees are a problem right now, but they haven't always been high and they might not be high in the future. If the fees are too high, then someone will figure out a way to lower them.

7) There is no guarantee that Bitcoin will succeed, survive, and thrive. I give it a 50% chance. Even if Bitcoin itself fails, something else will probably take its place.

It costs nothing. Download some software.

I'm curious if any other kinds of exchanges, (stocks, bonds, commodities, etc.) are encourage to become banks.

There is no indication at all that the SEC is behind the delisting of those currencies.


BitShares is unexpected, but the other two have very low market caps and volume. It is not surprising that the are being delisted.

I think you mean "underclock" and not "overclock". Overclocking will raise the hash rate, but it may raise the power consumption even more.

Yes. BTC and BCH addresses and private keys are interchangeable.

Step 1. Determine the address that you sent the BCH to.
Step 2. Retrieve the private key for that address from the wallet that controls it.
Step 3. Import the private key into a BCH wallet.

Done.

The U.S. government can order the exchange to freeze your account. They could also seize the funds in your account. An exchange complying with U.S. laws would do what they say.

You are confusing the "wallet" with "address". They are not the same thing.

Here is a simplified explanation of the major terms:

Bitcoins are sent to and from an address.
A private key allows you to send bitcoins from an address.
A wallet is a container that holds private keys (and their associated addresses).
A seed is used by a wallet to generate private keys.
A password is used to encrypt a wallet so that only you can use the private keys that it contains.

In general, it is not safe to store your money on an exchange, or with any other third-party site.

Exchanges have had a very poor track record. Of the dozens of exchanges that have existed, very few have survived. Most have shut down with their customers losing all of their money.

I like your channel. Good work.

The irony behind all this is that one of the primary benefits of a cryptocurrency is ability of the owner to hold it instead of relying on a third party. People that rely on others to hold their bitcoins for them are putting their money at risk unnecessarily.