Im all about folks actually working to earn value, instead of just gambling away the little they do have in hopes of more (this is the entire crypto scene). But I disagree; there are plenty of ways to passively earn value with cryptos that doesnt involve active work. The tokens you mentions are actually one of the best examples. There are a lot of dividend bearing tokens that will reward you ETH for simply holding them (they are securities, back from before the SEC started forcing everyone to use utility tokens to comply.

You can also use someones investbox (although I dont trust those shits one bit, esp Yobit as they seem to constantly need to raise money to offer the service

Just be smart.

Capital flight and the lack of inflation are the reasons that bitcoin would never be used as the "it" currency for a region. Governments inflate and shrink their money supplies all the time; this is a natural and healthy thing that we honestly cannot do without.


Capital flight is  large-scale exodus of financial assets and capital from a nation due to events such as political or economic instability, currency devaluation or the imposition of capital controls. Capital flight is legal sometimes, like when foreign investors move $$$ back to their home country. It can be illegal too, which occurs in economies with capital controls that restrict the transfer of assets out of the country (CHINA). A government will do everything in its power to prevent this; the wealth of a nation is its livelyhood.

Bitcoin embodies both of these concepts by design (deflationary and borderless).

And this is why Russia is making a crypto ruble instead of just using bitcoin

We will always need cash.

Please remember folks that atms and electronic payments methods are only ubiquitous features of first and second world economies. There is not connectivity in all of the third world; hell thtere isnt even electricity, fuck connectivity. it will take many more decades and muuch more globalization to get to the point where we would consider atm access a "feature" of third world life. Running water isnt even a "feature", as well as dependable access to food and health care. Since fiat has been working just swell up to this point, I dont really see a clear incentive for government adoption. How do you print more bitcoin when you need to swell your currency supply? And how do you stop money from leaving your borders and enriching a rival State?

You can't.

AMEN.

Everyone needs banks, but not everyone understands how banks work, or the role they play in the world’s economy. I see so much bank hatred on the boards; your beef is ot with the banks, it is with the folks that operate the bans and the policy thtey hide behind. But I digress..

Banks pretty much function as an intermediary, or  a go-between, in the financial system. Banks are where people can safely deposit their savings, which banks then pay interest on. If there were no banks, people would have to store and protect their savings themselves, which would involve major risks. People have a really hard time securing btc; trust me when I say this is a vital service for most folks.

Banks are largely responsible for the payments system. Electronic payments are becoming more ubiquitous as people use less cash. This means that banks are processing more card payments, transfers, direct debits, etc. every day. Banks also issue loans to both people and companies. Without banks, it would be very hard for people to buy a home or start a business, or for companies to make investments, for example.

Despite how you ( a body) might feel about the banking system, it is going absolutely nowhere at this point. It is very much here to stay

I am at the place where I don't think a major, established government would allow bitcoin to disrupt their economy. Bitcoin is property, at least here in the United States. Property can be seized if the government doesn't like it, and at the least, property can be rendered an illegal holding retroactively. There is absolutely no way that the entire globe will get its shit together enough to even entertain the notion of bitcoin being a "world currency". notice China, notice the SEC. The powers that be are watching; if we get too big for our britches there will be repercussions

bitcoin is not regulatable by design. and this is why it really wont work as a bordered currency (capital flight is impossible to prevent).

Often in passive income, you have to commit the time and energy up front. you need to build the machinery before the machine can work without your assistance. The income is lagged.

Passive income is also important for the financial security it can offer. Although you might take a risk when first establishing it, if it proves to be a steady flow, it offers great security because it’s not connected to your time. So, for example, if your spouse gets sick or if you can’t work, the idea is you’ll still be earning passive income to pay those never-ending bills.

so passive income, like all income, is still limited by your current worth. it takes money to make money people, and small money doesnt have the chops to attract bigger money to it.

Seem to me like you need to establish active streams first, just so you can fish in the passive ones

The exposure of fiat is for a wide swath of the global population, while with bitcoin, we can only estimate how many users are enjoying it. Most bitcoin users are fiat users as well; but not all fiat users are using bitcoin. Let that marinate.

Bitcoin transactions that are offchain arent transactions.
Cash is much cheaper to transact.
Cash is much easier to transact.
Cash does not leave a record
Cash required nothing else but itself to reconcile a transaction (no electricity, no connectivity, just some good old hands and a brain )


 Having said that, there is no way bitcoin can replace fiat in the future. Fiat simply does not serve the same purpose; using bitcoin in alot of cases is dumb (buy a Coke from a vending machine with bitcoin, ill wait.)

Dont know what this site is, but BCG is not a scam, LOL. Its an unnecessary shitshow, but definitely not a scam

It seems like you simply entered in the key wrong, if this interface you are using is legitimate and not a phishing attempt. Make sure the address is formatted correctly; make sure you copied and pasted the right address/copied the whole thing. If this isnt legit, then wake up dammit.

Never import private keys to anything other than a wallet; always remember that whoever controls your keys also owns your coins. If you dont mind having your coins hosted, just leave them be on an exchange that will support both sides of the fork. You dont quite have the "spidey sense" about you yet (that interface asking for my priv keys would be a non starter).

Basically my verbatim sentiments. Im all for this free money like most other people on the forum, but it occurs to me every morning that I wake up and check the price that this growth will have to stop at some point. Dutch tulips people; an industry doesnt have to be bad in order for hyper speculation to bring it to its knees we have finally seen 6k, and despite my joy I really have to ask "why?". We are about to fork, and there had been no significant updates to the protocol. Are we being pumped? Remember, the caps on this market are not very big at all.

What goes up, must eventually come down. Cant argue with that

What to do? Relax, man. Just keep calm and hodl

It seems for the time being, all we can experience is growth. Given the amount of growth we have experienced, in such a little time, I do not think this rate of growth is sustainable. Get it while you can folks. Besides the fact that the grand daddy of profit taking is going to happen at some point, you may notice there is a talking head bank dude that shits on bitcoin about every day now. this is the other side of the coin. we just left the China debacle; it just takes the right person, or gov body to make the wrong comment and the price will do exactly what it did on the China news. Which is a correction. I love this free money, I really do, but there is promise in this. I would rather this persist than just be a profitable flash in the pan.

HARD AS FUCK.

Maybe its just me, or where i have lived, but the only way to get bitcoin was to use LBC, or bitinstant. Bitinstant (was that the name?) was like buying a money order that was basically a bitcoin buy. You would go to the drug store, go to the money order phone, and eventually pay cash to the cashier, along with presenting your id. They would confirm the fiat payment (and give you a receipt), and you would get the bitcoin to your wallet. I didnt have a bank account during these days (long story) so LBC meant using someone elses account to make a deposit. Never a good idea folks; if something happens that requires you to interact with the bank (an escrow dispute for example), they look very dimly on proxy account use (and will close your shit in some instances)

I notice alot of our foreign bros have a rather hard line stance against "drugs" of all stripes. Don't swallow the party line, drugs arent bad mmkay drugs, or better said substances will kill your dream only if you let them. Im not supporting hard, addictive shit like meth, crack or heroin. But fungus is food, pot is a plant, and that a government that feels threatened by something so ubiquitous and harmless is some bullshit if you ask me.

Buying drugs isnt bad. Buying drugs, consuming them, and doing irrational shit is, however.

Anywho, as per the title and op, buying drugs on a block chain is a special kind of dumb. You might as will have taken out a tiny classified ad in a newspaper saying "I spent thiiis much on drugs, at this specific time". No one might see it initially. But its there, forever, just waiting to be found by someone who is looking hard enough.

And when they do, you might have to explain some shit you barely remember by then

bitcoin is money, people.

And if they manage to pull that off, they will no longer be mining bitcoin. I hope they have a blast

These forks are cashgrabs. When you have  shit ton of bitcoin, a thought must arise in ones head. How can I generate value out of thin air just by changing a small (comparatively) bit of code, and how can I make bitcoin cheaper so that I can buy more?

"A fork!"

I say all this because these baby forks will never gain enough traction to surpass and replace bitcoin, which is the aim of their existence. Its an alt with the same mining algo, which to me means a rival coin (cuz so many of the features are literally the same). If you want to break away from the consensus, do it on your own dime, not on the back of bitcoin.

And now you have to explain "fork" when you explain "bitcoin", which is already a pickle.

But if they actually listed their number in a reasonable, easy to find place, people might actually call it, *gasp*

(Google is notorious for this btw themselves; try to actually reach a human at Google Adwords. There is a number, yes, but its bullshit. It takes you to what is essentially a machine reading off the same help article you just read before you picked up the phone

This was a social engineering attack, you got out clevered. I had to reread the OP a few times to understand what went down there, and a few of the comments. All the anitvirus, air gaps and armed guards can't stop shit like this. I think they were able to access your account because they had your credentials, as you thought it was a legit support rep you were talking too). Be smart; if you ever have suspect login issues, contact support via email immediately. Email is free, and they will lock your account or be liable themselves. Its a pain to unlock when you have to do this (you will have to submit veri info), but the alternative is sooo much worse

We can not be equal and thats fine, but we need to at least be able to agree. I see these forks as an ultimate refusal of cooperation; shit like that doesnt look so good from the outside. Bitcoin cash was a very publicized thing in the msm; the media tends to harp on our faults more than our triumphs.

Bitcoin is a democracy. Democracy dictates that after it goes to vote, you settle for a singular solution that is a compromise between both positions. Democracy fails when the losing party separates from the State and attempts to go at it alone; the State has no choice but to react, the majority will must be maintained.

have to agree with you here. I dont hate bitcoin LOL, but I;m not so enthusiastically blinded by it that I can't see the potential of other alts. Take ETH for example. ETH used to cost less than a dollar folks, and we are here. And obviously there will be more upward movement; not only are we under an ath in ETH, but if you believe bitcoin will go up you have to believe that ETH will as well. And thats just one example (im not an eth fanboi. I was not fond of ETH when it first emerged.). Look at LTC, look at Ripple.

There is a reason why some coins are always in the top ten

You are right about bitcoin slowly gaining traction. People interpret the price level and the amount of congestion as "popularity". Bitcoin is barely a household name yet; the reason why we are seeing more traffic is because more people are speculating, not actually being adopted. You may argue that this is the same thing, but to me adoption is using the coin as an actually currency. All this speculative interest is great for us in our fledgling stage; but it will hurt us when we become more mature.

While I laugh at all these "side coins" (they are alts plain and simple), these forks are doing real harm to the economy, fiscally and reputation wise. I understand that these coins represent irreconcilable ideological divides, but from the outside looking in it looks like we can't make up our damned minds. That, the associations with criminality that the media loves to play up, and the volatility do a lot to undermine the scant trust we have managed to establish.

Why fork? Don't compete with another coins resources if you are truly about the ecosphere. Just make your own shit.

Dont be salty bro, we all ate an investment dick during those times. There was no ICO craze, the game back then was the bitcoin denominated stocks (NEOBEE, ASICMINER) and cloud mining (CEX). If you wanted a better return, this was were it was at; the problem was that, just like now the majority of things you would invest in usually go fail/scam.

I dont think this is a result of the type of person operating here. I think its more indicative of the fact that we invest in assets managed by business neophytes (most ICO CEOs). Its easy to raise millions of dollars for an idea, apparently, but its a different story to actually make that idea come to fruition.

Good point, and an additional point to consider; bitcoin is the reserve currency of the entire economy. When people leave alts, they usually go into BTC or ETH before they go into another alt (as this is the majority of order book pairings). So when alts dip in unison, it is because that capital fled into bitcoin as a safe haven/base. The inverse is also true; when alts surge, bitcoin tends to recede if we arent in major news or a recovering market(which has been more oft than not lately)