Bitcoin is a cryptocurrency that is now about five years old and there are more than a few experts speculating whether or not Bitcoin is ready for the Big Leagues or whether Bitcoin is robust enough to handle the workload of an entire national or global economy. But before we can answer that question we must first determine the hurdles still in front of the nascent digital currency. If Bitcoin has what it takes to overcome these challenges, then it could very well be ready for the spotlight. Meeting the ChallengesThere are a couple of important points that we need to remember. If Bitcoin is ever to become a mainstream currency at least one of the major economic nations will have to accept it as such and the truth is that this is not going to happen without regulations being attached to that recognition. There are several reasons for this: - The government has a duty to protect consumers
- The government has a duty to prevent crime or criminal activity
- The government has a need to track money for tax purposes
But there is another reason as well. Regulations, especially in the financial industry, are often a matter of who has the best lobbyist. Laws are passed almost daily that favor one part of an industry over another or one industry over another. One of the main reasons for the 2008 economic crisis was the US deregulation of the banking industry, a problem that still has not been fixed. The financial industry might see a way to make money with Bitcoin, but on the other hand if allowed to remain as is, Bitcoin could cost supplant the industry costing it tens of billions annually in transfer and account fees.  The Propaganda WarsIf you want news about Bitcoin you have to search for virtual currency focused media outlets. While the mainstream media certainly dabbles in Bitcoin, their coverage usually focuses on the negative aspects of Bitcoin’s growth such as criminal activity or a big loss by customers from a failed exchange. A March poll by an online survey taken by Harris Interactive on behalf of California-based Yodlee, a self-described personal finance data platform, revealed that only 48% of American adults know about Bitcoin. And it is no secret that most of them get their news only from the major news outlets. Bitcoin’s public image will certainly suffer if this trend continues with only one side of the story is being reported. A recent article in Bitcoin magazine illustrates the point perfectly: “[…] We are distracted. Of 100 people personally polled, most people could not actually explain or define Bitcoin to me, but they could tell me all about how it “went bankrupt in Japan,” how “Bitcoin’s CEO committed suicide,” and how “the bank got robbed and they went under.” Like it or not, the majority of people are still convinced by 30-second television bits that focus on the 1% of “bad” news. And why would these news clips focus on anything else?” But many Bitcoin startups are engaging with their communities. The Bitcoin Cup for instance is a charity centered at the 2014 World Cup that raises money for local communities by taking Bitcoin donations. Bitcoin clubs are springing up at universities all over the world, as are Bitcoin ATMs and this is before any countries have backed Bitcoin officially. As Bitcoin gains in popularity, the corresponding news will also shift towards a more positive tone, which we are already seeing with headlines announcing major companies accepting Bitcoin and venture capitalists pumping money into the new economy. .... http://cointelegraph.com/news/112259/op-ed-is-bitcoin-ready-for-the-major-leagues |
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Shanghai-based exchange LakeBTC says it has taken a step towards bypassing the delays and costs associated with international transfers by becoming a Ripple gateway. Previously, users around the world wired fiat money to LakeBTC’s account directly. However, they may now deposit funds with a Ripple gateway in their local area in any currency, and transfer it to a LakeBTC USD account via the Ripple network instead. The same applies to withdrawals. CEO Thomas Xie told CoinDesk the decision to add the Ripple network transfer option was the result of customer demand and a dissatisfaction with the way traditional banks were handling transfers. He said: “The traditional banking/clearance system has been slow (surprise!) to respond to [customers' needs] in the new millennium. They charge hefty fees and the [delays are] not acceptable in the modern world.” Additionally, a significant proportion of the population don’t have access to regular banking services, he added, which has triggered yet another layer of problems. “From time to time, our customer support got user complaints about the wire delays, bounced transfers, and outrageous fees charged by the so-called ‘intermediary banks’ or ‘correspondent banks’.” However, the addition of Ripple means that funds can now be moved in and out of LakeBTC accounts instantaneously and at minimal cost, no matter where users live. Other optionsLakeBTC had been evaluating a number of other alternative methods for users to streamline the deposit and withdrawal process, Xie continued, before deciding on Ripple. Users can also access LakeBTC accounts via EgoPay, and the company is still planning to add more banking and payment processor options in future. Xie added: “Our goal is to build a bitcoin platform with security, liquidity, and extraordinary service.” Ripple: sending and receiving fundsA Ripple gateway functions in a similar way to a traditional bank branch. Just as banks take your cash and move it into and out of the international banking system, so do Ripple gateways with the Ripple network. A basic demonstration of how gateways function is here: http://www.youtube.com/watch?v=ti9QYSADWeQTo use a Ripple gateway, a user first needs a Ripple Wallet, which comes with an address and account, and can be set up easily online. Each account requires a minimum balance of 20-30 XRP (about $0.17). XRP is the currency of the Ripple network and is often compared to postage stamps on an envelope. You can add funds to your Ripple account by setting up a ‘trust line’ with a local Ripple gateway, which are the entry and exit points for assets into the Ripple network. Funds can be sent to the gateway using local bank transfer, PayPal, Credit Cards, or any other payment system they accept. The gateway then issues you an ‘IOU’ for that amount, and you’re free to send it anywhere in world within the Ripple network at almost no cost: this now includes LakeBTC accounts. When you want to withdraw the funds, use your wallet to notify the gateway, and the gateway must deliver those real-world amounts to you. This is also why it’s important to use gateways you trust. IRBA certification is just one option, and it’s wise to do your own online research as well. LakeBTC, one of the world’s largest exchangesLakeBTC is one of the world’s top five USD-BTC exchanges by volume, and was added to the CoinDesk BPI for both USD and CNY in June. Started in March 2013, it was initially run as a bitcoin exchange for a small group of financial professionals before opening to the general public later that year. Xie said LakeBTC is marketed towards all participants in the bitcoin ecosystem, including traders and institutions, miners, merchants and individual investors. Risk management and internal controls made LakeBTC stand out from the crowd, he added. “For financial firms, technology is only [the] tip of the iceberg to safeguard inventors’ funds and personal information. The real challenge is on the financial turf: any weak link in risk management or process control will allure predators to sink the entire ship at the cost of all users.” High availability with fast trade matches were key to LakeBTC’s liquidity, Xie said. The platform also provided market data and trading APIs for advanced users looking for arbitrage, market-making and algorithmic trading. The exchange recently added ‘Dark Pools’ feature allows orders of 50 BTC or over to be ‘invisible’ to other users, preventing them from causing large price fluctuations and avoiding the attention of ‘financial predators’ who watch for potentially large price movements. LakeBTC is currently owned by Lake Investments Limited, with Shanghai Trading IT, Inc. providing the service’s technical and customer support. |
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Shanghai-based exchange LakeBTC says it has taken a step towards bypassing the delays and costs associated with international transfers by becoming a Ripple gateway. Previously, users around the world wired fiat money to LakeBTC’s account directly. However, they may now deposit funds with a Ripple gateway in their local area in any currency, and transfer it to a LakeBTC USD account via the Ripple network instead. The same applies to withdrawals. CEO Thomas Xie told CoinDesk the decision to add the Ripple network transfer option was the result of customer demand and a dissatisfaction with the way traditional banks were handling transfers. He said: “The traditional banking/clearance system has been slow (surprise!) to respond to [customers' needs] in the new millennium. They charge hefty fees and the [delays are] not acceptable in the modern world.” Additionally, a significant proportion of the population don’t have access to regular banking services, he added, which has triggered yet another layer of problems. “From time to time, our customer support got user complaints about the wire delays, bounced transfers, and outrageous fees charged by the so-called ‘intermediary banks’ or ‘correspondent banks’.” However, the addition of Ripple means that funds can now be moved in and out of LakeBTC accounts instantaneously and at minimal cost, no matter where users live. Other optionsLakeBTC had been evaluating a number of other alternative methods for users to streamline the deposit and withdrawal process, Xie continued, before deciding on Ripple. Users can also access LakeBTC accounts via EgoPay, and the company is still planning to add more banking and payment processor options in future. Xie added: “Our goal is to build a bitcoin platform with security, liquidity, and extraordinary service.” Ripple: sending and receiving fundsA Ripple gateway functions in a similar way to a traditional bank branch. Just as banks take your cash and move it into and out of the international banking system, so do Ripple gateways with the Ripple network. A basic demonstration of how gateways function is here: http://www.youtube.com/watch?v=ti9QYSADWeQTo use a Ripple gateway, a user first needs a Ripple Wallet, which comes with an address and account, and can be set up easily online. Each account requires a minimum balance of 20-30 XRP (about $0.17). XRP is the currency of the Ripple network and is often compared to postage stamps on an envelope. You can add funds to your Ripple account by setting up a ‘trust line’ with a local Ripple gateway, which are the entry and exit points for assets into the Ripple network. Funds can be sent to the gateway using local bank transfer, PayPal, Credit Cards, or any other payment system they accept. The gateway then issues you an ‘IOU’ for that amount, and you’re free to send it anywhere in world within the Ripple network at almost no cost: this now includes LakeBTC accounts. When you want to withdraw the funds, use your wallet to notify the gateway, and the gateway must deliver those real-world amounts to you. This is also why it’s important to use gateways you trust. IRBA certification is just one option, and it’s wise to do your own online research as well. LakeBTC, one of the world’s largest exchangesLakeBTC is one of the world’s top five USD-BTC exchanges by volume, and was added to the CoinDesk BPI for both USD and CNY in June. Started in March 2013, it was initially run as a bitcoin exchange for a small group of financial professionals before opening to the general public later that year. Xie said LakeBTC is marketed towards all participants in the bitcoin ecosystem, including traders and institutions, miners, merchants and individual investors. Risk management and internal controls made LakeBTC stand out from the crowd, he added. “For financial firms, technology is only [the] tip of the iceberg to safeguard inventors’ funds and personal information. The real challenge is on the financial turf: any weak link in risk management or process control will allure predators to sink the entire ship at the cost of all users.” High availability with fast trade matches were key to LakeBTC’s liquidity, Xie said. The platform also provided market data and trading APIs for advanced users looking for arbitrage, market-making and algorithmic trading. The exchange recently added ‘Dark Pools’ feature allows orders of 50 BTC or over to be ‘invisible’ to other users, preventing them from causing large price fluctuations and avoiding the attention of ‘financial predators’ who watch for potentially large price movements. LakeBTC is currently owned by Lake Investments Limited, with Shanghai Trading IT, Inc. providing the service’s technical and customer support. http://www.coindesk.com/lakebtc-users-bypass-bank-transfers-ripple/ |
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An unfortunate reality of the internet is that anyone can make any claim and if it is outrageous or controversial enough, they will get attention. Recently, a site appeared on the Internet claiming to be a group of “hacktivists” called CIAproject.org, which feels the need to repeatedly remind us that they are “not the CIA” that claims Bitcoin was created by the CIA or the NSA. Their claims were then reported on as something that might have some validity by the ibtimes and one of our competitors. While I am careful about using the phrase conspiracy theory, since that is often used to discredit legitimate theories of conspiracies (see NSA spying as one example of a “conspiracy theory” that ended up being true, COINTELPRO is another). However, in this case, the negative connotation behind the phrase seems appropriate. I should note that I have no issues with true hacktivists, so long as they present the evidence obtained during their deeds. While some are misguided, I see the majority of them as virtual Robin Hoods, taking a bite out of the power structure in a way they are unable to respond to. The problem is that this "hacktivist" group has done very little actual hacking, and is posting wild claims without any real evidence. What Evidence Do They Have?CIAproject's “evidence” consists of four connections, each of which is more tenuous than the one before. First, they point to Satoshi Nakamoto's name. As they state, the name roughly translates to Central Intelligence. But as ibtimes points out, it is also a fairly common Japanese name. That flimsy piece of evidence is the theory's crown jewel, but there is no evidence that the pseudonym chosen by Satoshi sharing similarities with the CIA is anything but a coincidence. The second piece of evidence brought by the CIAproject is Satoshi never revealed anything that would reveal his identity. This, they say, is evidence of intelligence training. However, it ignores the fact that thousands (if not millions) of people manage to remain anonymous online everyday. The actual hacktivist group Syrian Electronic Army has pissed off enough powerful people that billionaires would love to find out who they are and shut them down. They have been unable to. It seems unlikely that the Syrian Electronic Army is also a CIA puppet group. The group also claims that since Gavin Anderson spoke to Satoshi for years but never met him in person or talked to him on the phone implies that he is actually “they” and that they are an intelligence community. The only thing I will say to this is that I have had internet friends that I talked to for years, on message boards and elsewhere, without ever meeting or talking on the phone. I suspect many reading this have had similar experiences. I don't suspect all of them are CIA agents. The third piece of evidence they bring is that the online forum Bitcointalk, which was frequented by Satoshi Nakamoto and continues to be the most popular Bitcoin forum on the web, censors talk about Bitcoin being a CIA project. That claim seems either false or exaggerated. There are numerous threads on the possibility, and a quick search through the forum will reveal them. Bitcoin talk does occasionally delete threads that are repeats of topics already discussed multiple times, and that may be the reason that some topics were deleted (although we have heard no such claims elsewhere). And the last piece of evidence is so flimsy, it hardly makes sense at all. CIAproject claims that since Satoshi decided to use SHA-256 rather than PNRG, which was a more popular cryptographic algorithm at the time but was later revealed to have CIA and NSA backdoors installed, that means Satoshi must have had some inside information that PNRG was compromised and therefore went with SHA-256. A few points here. PRNG was in fact more popular than SHA-256, but that doesn't mean PRNG would have been the default choice. First off, PRNG had some public issues, even back in 2008 when Bitcoin was created. Its OpenSSL was compromised on Linux (the OS of choice of early Bitcoin adopters) back in 2008. Furthermore, it was public knowledge at least back to 2007 that the NSA was promoting and modifying PRNG. Even back then, people who paid attention to these things were aware of PRNG's security issues and that the NSA was publicly pushing for it to be the standard. We may not have known for a fact that the NSA was putting back doors into PRNG, but a lot of people suspected as much. So, that Satoshi didn't pick the security algorithm that was favored by the NSA and suspected of being (and later confirmed) compromised by the NSA is actually evidence that Satoshi was not a CIA operative. So, if their evidence is so flimsy, why post the video at all? For its trouble, CIAproject got mentioned in both a popular crypto website and a popular mainstream business site. It seems likely that the entire post was a ploy to grab some eyeballs. Who Is CIAProject?The site also claims Reddit is a CIA project because it banned “247 News” which is a site that looks to be funded and run by CIAproject itself. They claim this is enough evidence to declare Reddit “officially” a CIA project. The site also has many sub categories, ranging the normal gamut of usual conspiracy theories. Everything from 9/11 truth to the Bilderbergs, to religious groups. There is an entire section dedicated to “Jews” and another to “Hindus” and yet another to “Buddhists”. There is no “Christian” or “Catholic” categories, although there is a “Cathoic” category. All of the categories are empty except for the Reddit and Bitcoin categories. Those are filled only with the “evidence” mentioned above. The site's forum is similarly devoid of content, with the entirety of the posts coming from the admin. But perhaps most damming of all to the site's intentions is its homepage. Completely devoid of anything useful, it has a search engine that only searches its connected sites. Below the search engine are links to fake sites claiming to be the “#1 Bitcoin Wallet” and “#1 Bitcoin Exchange[.]” The intention of these sites are unclear as there is no where to sign up. It also has bitcoin search engines that seem to have no actual connection to Bitcoin, a “Bitcoin bank” and a site called “BiTunes”. Now, why would a site that is trying to warn us about Bitcoin's connection to the CIA push for more Bitcoin use and adoption ,especially in such a nonsensical way? It is not as if keeping Bitcoins in their wallet would stop the CIA from following transactions on the blockchain. The fact of the matter is, despite their claims that the site was funded by an (unnamed) Non Profit Organization and that they are “Not The CIA” we know nothing about who is actually funding this site. It could potentially be the CIA spreading “FUD” (Fear, Uncertainty and Dissent) or a young teenager looking to make his mark on the internet using wild claims, or it could be potential scammers, hoping to somehow get people's Bitcoin. The site is protected by a Whois guard and was registered on August 1st. In the end, it hardly matters if the CIA or the NSA or whomever created Bitcoin. The math is there and it is open source. Anyone can look at it and verify its security. We know for a fact that the Tor network was created by the CIA, it wanted a private and anonymous internet for its operatives. That hasn't stopped the application from being very useful for people wanting to avoid organizations like the CIA. If Satoshi really was the CIA, then they have created something that they can no longer control. Sure, they can watch the blockchain, but we have known that since Bitcoin's inception. http://cointelegraph.com/news/112255/op-ed-no-bitcoin-wasnt-created-by-the-cia |
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LakeBTC is pleased to announce that we have become a Gateway Member of International Ripple Gateway Association ( IRBA). As one of the big four bitcoin exchanges in the world, LakeBTC is actively working with banking and payment processing partners from different continents, and this membership is expected to bring more convenience and cost reduction for our users worldwide to make deposits and withdrawals. In the mean time, price discrepancy and fragmentation will be reduced and a more efficient market will benefit all users and investors. https://www.lakebtc.com/p/2575?locale=en |
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https://www.lakebtc.com/p/2575LakeBTC is pleased to announce that we have become a Gateway Member of International Ripple Gateway Association (IRBA). As one of the big four bitcoin exchanges in the world, LakeBTC is actively working with banking and payment processing partners from different continents, and this membership is expected to bring more convenience and cost reduction for our users worldwide to make deposits and withdrawals. In the mean time, price discrepancy and fragmentation will be reduced and a more efficient market will benefit all users and investors.About RippleRipple, created by Ripple Labs, is a peer-to-peer open payment network, through which currencies can be transfer into any of others, including USD, EUR, CNY, JPY, or bitcoin, easily and rapidly. As a P2P network, anyone can create an account, and no individual, corporation, or government controls it. Currently LakeBTC customers can make USD deposits and withdrawals via Ripple network. About Ripple GatewayRipple Gateways enable users to put money into and take money out of the Ripple network. They accept currency deposits from users and issue balances into Ripple’s distributed ledger. Furthermore, gateways redeem ledger balances against the deposits they hold when currency is withdrawn. In practice, gateways are similar to banks, yet they share one global ledger known as the Ripple network. The easiest way to get funds in and out of the Ripple network is through a Ripple Gateway service. Gateways issue IOUs backed by cash. You manage this account through the Gateway's website as you would any financial account. About IRBAThe International Ripple Business Association (IRBA), a nonprofit organization, has as its mission: to provide educational resources, set standards and best practices for the operation of various Ripple businesses, and organize the opinions of membership into actionable projects that serve to advance development of the Ripple protocol and its surrounding ecosystem. IRBA provides unified procedures to establish trustworthy and secure services for Ripple customers. To become a member, a gateway needs to meet certain criteria and publish a number of documents about the business and top managers for review and scrutiny. Currently there are about a dozen IRBA Gateway members scattered around the globe providing secure and trustworthy services for all Ripple users. People may make deposits and withdrawals via a local gateway by cash, check, bank wire, online banking, and other local payment methods. About LakeBTCLakeBTC is a leading bitcoin platform that provides bitcoin trading services. Security, liquidity and service are three strengths that make LakeBTC stand out of the crowd. Our team with years of experience in financial industries is working hard to ensure customers' fund and privacy being safe and secure. To make USD deposit to LakeBTC via Ripple:- Log in your LakeBTC account.
- Click Deposit in the menu, and USD tab, then Ripple.
- Put in the amount you want to deposit, and press submit. You will be redirected to Ripple wallet page.
- Log in your Ripple wallet, and complete the payment.
To make USD withdrawals from LakeBTC via Ripple: 1. Log in your LakeBTC account. 2. Click External Accounts, then Ripple, to add your Ripple wallet address 3. Click Withdraw, and USD tab, put in the desired withdrawal amount and select the Ripple wallet address you just added Thank you for choosing LakeBTC.com! LakeBTC Team
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It’s been a good week for Bitcoin. In addition to Blocksign’s Bitcoin-based electric signature launch on Tuesday, Britain’s Chancellor of the Exchequer, George Osborne is signaling that the UK wants to regulate Bitcoin, or virtual currency systems like it, as legal, digital cash, reports the Daily Mail. Britain’s top financial cabinet minister George Osborne spoke at Level 39’s Innovate Finance launch event Tuesday when he stated the government’s intention to make London the Financial Technology (“FinTech”) company of the world. The FinTech focused reforms that the Chancellor referred to are to start with government studies, or what Osborne calls the “a major programme of work exploring the potential of virtual currencies and digital money.” Osbourne went on to state how important virtual currencies, mobile payments and other digital financial technologies are to modern economies: “These alternative payment systems are popular because they are quick, cheap, and convenient – and I want to see whether we can make more use of them for the benefit of the UK economy and British consumers.” While early 2014 saw the US and Japan (two of the world’s top three economies) make moves to downgrade Bitcoin’s status by classifying it as property rather than currency, Britain is moving in the opposite direction by embracing what peer-to-peer currencies like Bitcoin have to offer the financial sector. Britain’s interest in virtual currencies like Bitcoin is as strategic as it is forward thinking. Recall that since the end of WWII, the US dollar has long been the “anchor” or “reserve currency” used by most world governments for international trade. This global demand for dollars leads to a lower borrowing rate for the US, saving people and businesses a very advantageous $100 billion per year. If Britain can properly regulate virtual currencies, other nations may find it cheaper to finance international trade with options like Bitcoin rather than the US dollar, which can, much to the chagrin of other nations, often be used as a tool to exert American political will around the world. More than 70 years ago Britain’s John Maynard Keynes (of Keynsian economics fame) suggested a “world reserve currency” called the Bancor. The idea didn’t take off then, but in the here and now the regulation of virtual, stateless currencies could be a small step in that direction. Regardless, the UK’s lead could cause other nations to follow, paving a legitimate path for a currency associated with nefarious dealings. Don’t expect to pay for your bangers and mash with government-regulated Bitcoin any time soon. Despite their new interest in FinTech, Britain, like most governments, rarely rushes when it comes to managing the cogs of the nation’s financial machinery. In addition to looking into the upside of integrating these financial innovations with the British economy, Osborne’s study will also make sure that the British government is “alert to the risks that accompany any new technology.” http://www.businessinsider.com/britain-regulate-bitcoin-legitimate-currency-2014-8 |
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How does Americans open a CNY accounts?
just register at LakeBTC and you'll see the currencies supported. |
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In addition to the CNY and the USD, can you support the Euro or more international popular currency?
If it can open a SEPA account....  I hope to you can support more currency trading, like EUR, GBP, JPY, AUD, CAD and more, as a global bitcoin exchange  working on it. but for now, liquidity-wise, USD and CNY are still dominating |
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So today i really needed to make a purchase with bitcoin. Last week i changed my cell phone number. To be able to send bitcoins from coin base/login/do anything on their website i have to confirm a SMS they send. so when attempting to send bitcoins, i was unable to confirm the SMS obviously.
So i go to account settings to change my phone number, Unfortunately your not able to do so without confirming a SMS on a phone.... i no longer have. So i go through a long process of typing in my information and confirming my email. And they send me this email after:
We're reviewing your request to change your phone from (+1) xxx-xxx-xxxx to (+1) xxx-xxx-xxxx.
For security this process takes about 2 business days. Currently, there's about 97 hours remaining. We cannot speed up this process.
Long story short, there has to be a better option, if anyone knows another website i would appreciate it.
I get that they're trying to be more secure, but i don't store coins on coinbase anyways so that's not really a concern of mine. I just need somewhere better to buy them. Thanks.
Well, it's all about the balance between security and convenience. Different exchanges/wallets choose to implement different security measures, but ultimately, any trustworthy bitcoin business will not alter the process and compromise security. LakeBTC implements a set of risk management and internal control processes to safeguard users' fund and personal data. From time to time our customer support got complaints asking, why do I have to confirm this, why do I have to wait for human approvals etc. But people have to realize, all bitcoin transactions are final and irreversible. Once the money is sent, it's gone forever. You don't want to login to your account and find all your coins get sent to an unknown address and come to us: hey, it was not me! it was a hacker!! At the very minimum, email is NOT safe at all. Numerous bitcoin hacking incidents started from compromised email accounts. Security, liquidity, and service are three things that make LakeBTC stand out of the crowd, and security is Number One. We do everything in our power to protect users' fund and sensitive data against theft and fraud. In addition to financial risk management and extra sms confirmations, we manually review each withdrawals for login history, trading activities, funding status, and pattern to minimize the loss caused by intruders. In the meantime, we also work hard to cut the average processing time to 30 minutes during business hours. |
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Did you know that more than one altcoin is launched per day, on average? Website Altcoin Calendar keeps a running total: one day this week we’d had linkcoin, onyxcoin (version 2, no less), xryptbit, and limicoin. The day before that, we saw the birth of bizcoin, shopcoin x, filebit, and, predictably given the political situation, palestinecoin. The obvious temptation is to say that there are too many of them. After all, the cryptocurrency markets are littered with crummy coins that add little technical merit to the coins that they cloned, and which have no clear goal or community backing. Sometimes they’re launched by enthusiasts from their basements, with good hearts but no idea how to execute. Sometimes they’re ‘flashcoins’, launched by smart fraudsters, intent on pumping and dumping for a fast buck. Either way, many altcoins are like the fast food of crypto. They’re no good for you. You’ll buy them, and receive no value. And half an hour after you’ve bought in, you’ll want another one. Some altcoins may offer returns, but they’re like penny stocks: highly volatile, and difficult to predict. That makes investment difficult, especially when they’re entirely unregulated. However, this still doesn’t mean that there are too many coins. In fact, we need them all. http://www.coindesk.com/need-altcoins-can-get/ |
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It seems like there is more news about currencies today than ever before. The US dollar is being challenged as the global currency of record and at the same time Bitcoin is mounting an increasingly serious challenge to all national currencies. Recently Dell announced that it would accept Bitcoins as payment. The computer-making behemoth joins a group that includes Overstock, Newegg, Expedia, Dish Networks, and CheapAir. For web retailers, offering a Bitcoin payment option is another way to enhance the customer experience. Bitcoin is a peer-to-peer decentralized digital currency which purports to be secure and low-risk. For merchants it has the added advantage of offering very low or even no transaction charges. Try finding that with a standard credit card processor. Although it is certainly gaining popularity among merchants, Bitcoin is even more popular as an investment. Many individuals are buying Bitcoins and holding on to them just as they would gold. Bitcoins hit a high of nearly $1,150 in 2011 and today are hovering above $600. http://www.business2community.com/customer-experience/save-money-engage-customers-bitcoins-0963904 |
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其实中文版之前也有不少牛人来过，但是后来就渐渐消失了，大家可以翻一翻以前的帖子就可以看到。
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Recent news say that LakeBTC will adjust fee soon, when adjusted?
fee structure change will be announced soon ... Many non-mainstream exchange has finished to adjust the fee it's coming soon ... stay tuned pls |
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Recent news say that LakeBTC will adjust fee soon, when adjusted?
fee structure change will be announced soon ... |
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Egopay should be immediately credited into account the way, what happened to you?
Our partner has been working on resolving this issue for several days. Hopefully they will get it fixed soon. |
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