Unfortunatelly I'll have to agree. Yes Bitcoin is a manipulated coin. it is manipulated by a small group of Devs and a small group of traders.
Bitcoin is becoming centralized and we will need a new coin that can be truly decentralized.
I've been actually reading some stuff on the altcoin section where there is a coin (aeon) who's core dev (Smooth) is implementing a type of "ASIC resistant" mining technique that lowers the possibility of centralization... It's called "smart mining" and it allows any type of low powered computer, whether it's a laptop or even possibly a phone can start mining and only is "turned on" when connected to a power source. But essentially it lowers the hash to such a level that's automatically determined to not burn up/ruin the computer your running the smart mining OS on, or won't drain an insane amount of electricity/energy. This will allow anyone to be able to start mining, whether it will get you anything out of it or not. I really haven't looked more into it, but it sounds like a really cool idea to me; because the level of centralization and barrier to enter the mining space is a real problem that should be addressed by bitcoin devs. Well im curious about those new coin aeon and the concept looks to be fair to all with or without a machine worthing 5000dollars or above,but i really believe that we need just a coin that all can have lets say 500 coins and then those coin will be staked daily or yearly with a max number of coins,there already coins working similiar but they give advantage to big holders soo they kill the currency easy. Yeah, PoS just doesn't work and is completely bullshit in my mind... It's just a smart way of reorganizing the way the blockchains can confirm in a way, where in all reality is just a ponzi scheme hidden within the code. It's just not a comprehensible form of confirming transactions and not as thoroughly researched as PoW is. No body should be "entitled" to X amount of coins, because where would the actual value come from? Just from holding a coin, which in turn gives no purpose of actually spending the coin itself, so all there will be is empty block upon empty block? It just doesn't really make sense to me at all. |
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I have never bought myself Bitcoin, I've got one and one self mining. And I have them all sold. Now I'm thinking that I'm going to buy one there again and go sell later.
But I'm not sure yet.
Well, I mean you can't go wrong with buying right now IMO. These prices seem a pretty good entry point before the summer halving shindig. Though, you can't really tell what's going to happen before then with the potential fork in code... I would suggest that if you do end up buying a little bit, to remain on top of current bitcoin development news; because usually big bears come out when FUD comes out about the development. That's not always the case, because the market tends to move randomly sometimes... but as you probably saw with Hearn declaring Bitcoin a "failure", a big drop off in price was had right after the release of that article in the media. |
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I think you are doom thinking a bit too much there.
Hard fork will be announced plenty far before the fork. Exchanges have sufficient time to decide what form they will be trading.
And even if they shut down, the miners can take a hit for a while. They may also trade them off exchange with a bit more trouble.
Because I'm not a miner, I wouldn't know about the costs of electricity and operational costs; but I would think that even if they could take a hit "for a while", it wouldn't be for a very long time. I would think at the absolute most, they could probably last 3 or so weeks; because of the fact that electricity bills usually come in monthly. Plus, it would be pretty scary to be pointing your miners toward the "old coin" rather than the new fork and have your newly minted "old" bitcoins become essentially worthless. I would have to think that the devs such as Gavin would have to give people atleast 2 weeks in advance to give heads up for the fork. |
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LOL, and yet you still haven't provided me with information that I would want to see what the fuck your talking about. Look, I know that I don't know anything about Ethereum... I've already told you that. If you could act your age that you're insinuating, then you would be able to redirect me to somewhere for me to learn more.
...and yet he keeps on talking. Fascinating. He knows as little about Ethereum, as most average humans know about Bitcoin. Basically nothing. Less than nothing actually, since what he does know is mostly wrong. Well golly Mr.! You sure did PWN my n00b ass! I'm sorry to have troubled you with my inferior intellect, and obvious disrespect to your 190 IQ super computer of a brain. Here, let me do you and I both a favor and let me put you on my ignore list thingy-majigga so I won't annoy you with my pointless, idiotic comments and reasonings. Oh jeeze-la-weeze... There I go running my big mouth again. Thanks for taking the time though to correct me in my idiocracy. I'm sure to not bother you again...  |
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Ethereum is more geared towards smart contracts and I think Ripple will be the replacement for fiat in the banking sector in the future. These institutions will want to move forward with a technology they are comfortable with and people they have built a relationship with.
Bitcoin have too much uncertainties and it will stay the currency for the people. We are going to see some nasty competition coming from ETH and Ripple on both fronts.
Yeah, I've seen that both are in the "smart contract" field and didn't really take time to look more into it. It sounds cool in the sense that it will help web development programs, which would be paid for in "Ether" or "Ripples"... but I don't personally see the uses for it other than that. I guess I'm not too keen on the potential uses on a mass adoption scale. Bitcoin is mainly used as a currency though.. as well as other altcoins that use the same generic code too. Cryptonote coins add the privacy sector of what could be implemented in a bitcoin side chain... and I guess ethereum's code could be used in a side chain too, but I really don't think that Bitcoin's devs will ever try and do something like that. So that's why I can see different alt coins being used as a type of "side chain" in a sense. |
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Well for one, I'm not going to read all your posts, because I don't think it's really that necessary and I wasn't trying to sound all butt hurt or anything. I'm just saying that generally posts about altcoins will go over better in the altcoin section... Hell, I go there from time to time to read up on the new and upcoming technologies that altcoins create. I like innovation, and am not a trader. I think Ethereum is good for whatever purpose Microsoft sees it deemed fit, but if I'm not mistaken I think it's just a database type of platform, and not really an improved version of Bitcoin by any means necessary. It's fine if someone corrects me by shedding some new light on Ethereum, I really don't care... all I've read though, is that it's a database platform that was, I guess, bought out by Microsoft for Azure.
LOL - man, you know how that old saying goes.... "I always thought he was an idiot, then he started typing and removed all doubt?" Yeah.... that. * Seriously.... you don't even know what ethereum is. run along and do some research child.LOL, and yet you still haven't provided me with information that I would want to see what the fuck your talking about. Look, I know that I don't know anything about Ethereum... I've already told you that. If you could act your age that you're insinuating, then you would be able to redirect me to somewhere for me to learn more. Yeah, you really showed me... Seriously dude, grow the fuck up. Edit: Oh wow... lookey there... I was right  https://azure.microsoft.com/en-us/blog/ethereum-blockchain-as-a-service-now-on-azure/ |
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3). For security purposes I am thinking of handling all orders manually from my cold storage vault and delivering within 24 hours, thoughts?
Seems good to me. The exchange I'm using delivers bitcoins twice a day. To me it never has been a problem. Be sure to create a FAQ on your future website with the withdrawal timing question.
4). I obviously don't know everything at the moment, so what major problems should I look out for when it comes to this?
5). What are your overall thoughts & concerns about this idea?
This kind of service could be really of good use for the community. I guess there is a lot of demand for this. I guess your main problem will be to face chargeback (even on this forum a lot of people are "selling" credit card numbers), etc... It's quite a scammy situation for your project. Second one is to be sure the security of your website is good enough. No body wants to give credit card informations and you will probably soon or later face hack attempts / DDOS attempts. Be sure to find a law specialist before launching your project. You have to be sure of the tax your service will have to pay & think about a SIG campaign when you will launch your service. It will only work if enough people use it. This seems this is going to be quite an expensive startup, I am thinking of offering cash deposit payments & wire transfers. Because they are secure & and I can send bitcoin orders out quicker too because I would just have to verify the deposit in my bank account. I could see a massive use for a site like this, if you were to implement an easy system of using a prepaid card. This could essentially cut out the need for Bitcoin ATM's, because someone could go to a store that sells these prepaid cards, pay in cash, and then use that card to buy bitcoins using your website. I'm sure there is something that will keep you from doing this, but in my mind right now it seems like this would be VERY good for anyone who wants to purchase bitcoins using cash. Edit: plus it will allow a sort of anonymity aspect of buying since you aren't directing your banks debit card to the website that could link to personal information. As long as you can find a way around laws, I think you would be very successful if everything goes well. |
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I really don't understand where you are coming from here.. I know that Ethereum has been garnering a lot of attention from the altcoin community, as it was recently pumped because of Microsoft speculations; but I really don't see how it is going to "revolutionize" the bitcoin dynamic because it is a mere form of a type of data storage, rather than a coin (I think). Plus, I just went on poloniex to check the current price of Ethereum out of curiosity after reading your OP, and it's like down 12% or so... so I don't see what you mean by people hedging a lot of their Bitcoins into Eth.
Edit: The more I think about it, this is just a typical FUD post by a huge Eth supporter. Maybe you should post this in the altcoin section.
Maybe you should read all my posts. This is the 1st time I have ever mentioned Ethereum. I have spent the past 2 weeks silently researching. 2 weeks ago I was 100% in Bitcoin. I have always said I will end up 40/60 or 50/50 or 60/40 in Fedcoin/Bitcoin. I am a long time supporter of scaling intelligently. I m on record as believing Mike Hearn / XT was a moronic, stupid path. I am on record as thinking Core/Blockstream are filled with conflict of interest that they are ACTIVELY using as guidance in their decisions. I detest both sides. Classic is an intelligent, middle of the road path. I also support Segwit, though not as a scaling solution. I do NOT support Lightening, although it could be a brilliant part of the eventual scaling solution. I think sidechains are actually going to ultimately be mandatory to the long term survival of Bitcoin. But I hope someone else develops it, because right now it is BS vaporware, and I will never trust Blockstream, and never support any project they are involved in. Although, myself and many would immediately forgive and forget if they IMMEDIATELY CEASED AND DESISTED in this counterproductive scorched earth policy path they have chosen. But in regard to Ethereum price. Who gives a crap? Its up. Its down. Same goes for bitcoin. I am not a trader. I am a hodler. But I am wise enough to know when to hodl my little a$$ over to the sidelines. And that time is approaching. Might as well make money doing it. I am upfront as to what I am doig, what I am holding (percentagewise at least). Hell - if you want a tip.... go buy Emercoin. Second it hits the real exchanges it is going to soar. I own none. I am sticking to what I have always said.... I will diversify between Fedcoin (Ethereum in Western world) and Bitcoin Well for one, I'm not going to read all your posts, because I don't think it's really that necessary and I wasn't trying to sound all butt hurt or anything. I'm just saying that generally posts about altcoins will go over better in the altcoin section... Hell, I go there from time to time to read up on the new and upcoming technologies that altcoins create. I like innovation, and am not a trader. I think Ethereum is good for whatever purpose Microsoft sees it deemed fit, but if I'm not mistaken I think it's just a database type of platform, and not really an improved version of Bitcoin by any means necessary. It's fine if someone corrects me by shedding some new light on Ethereum, I really don't care... all I've read though, is that it's a database platform that was, I guess, bought out by Microsoft for Azure. I think you're right though, there will have to be side chains for the longevity of Bitcoin... whether that's with altcoins or not. In my mind, there has to be a more private side chain (which you could argue that Monero/Dash[instamined]/Zerocoin[not yet created]/Boolberry is it), a fast transaction chain (which you could argue that Litecoin/eMunie[not yet created]/etc... is it], and then the gold standard which would be Bitcoin... I believe that there will ultimately be three coins, including Bitcoin, will go the distance that fills these niches. Whether another altcoin comes about that proves it self worthy is one thing, but I really don't think that Ethereum functions in a way that a currency should function. Edit: Full disclosure, I'm not a trader... just someone who is also interested in altcoins for the same reason as you. |
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It is the epitome of democracy.
Government is supposed to represent the wants of its citizens, but somewhere along the way they got power hungry and chose greed and control. Bitcoin is a great way to say fuck you to institutions stuck in the past. It's time the world grew up.
inb4 feds at my door
Government is a broader representation of its citizens. Bitcoin is a broader representation of its community. Both are only as strong as their foundations. Governments are changeable via coups, political corruption, and corporate co-opting. Bitcoin is also changeable (hard fork) via via coups, political corruption, and corporate co-opting. In order for both to remain pure and honest, the people must stand firm, remain educated, and rise up as injustices arise. Why do we allow our politicians to become controlled by banks and corporate lobbyists? And why now do we all our developers to be manipulated by these same influences? Excellent point! I guess I feel like Bitcoin has given us a chance to start fresh, but you are absolutely right that with the wrong influences and a few wrong turns the whole system can get just as messed up as anything else. I do really like the idea of people being in full control though, specifically with owning their money. Most people don't grasp the concept that if the government wanted you to have no money your credit cards could be cancelled and bank accounts frozen; Bitcoin prevents this from happening by making you the master of your own money. However, it does come with issues that some may see as a downside: without a middleman like VISA controlling your purchases, individuals are forced to accept full liability for their actions. This is something that I think many people are just not ready for: no begging and complaining to the bank or credit card company to get your money back when someone defrauded you or you didn't do your due diligence when transferring money to either investigate the person you are dealing with or the product you are buying.That's the thing though... It does, in a way, give people the power to be in control of their own money. But if VISA would stop every purchase to buy bitcoin on sites like coinbase for example, would be catastrophic for everyone... and the thing is is that they could realistically do that whenever they wanted if they felt the need too. Then that would pose as a problem for people to get Bitcoins, and the whole Bitcoin economy would go down the tubes. Maybe we should need to put someone in the presidency to change all of this.. Give the power "back to the people"... Idk a people's man to fight the system... A man's man... maybe... possibly... This guy?? A man's man indeed... |
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I don't know if you guys have ever watched "The Blacklist", but this thread reminded me that in one of the episodes, there was mention of Bitcoin very briefly, when one of the main character ("Red") threatens an FBI computer analysts to move like $5 Million out of someones account "anonymously" (for purposes that are not really relevant)... Needless to say that show was aired on NBC, so that's pretty big stuff right there.
Whether it's a good thing or not that it is tied to "criminal activity" is up for debate, but still... publicity on a major scale like that can't hurt.
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.... you will move your coins out of Bitcoin before the Activation, and ito altcoins.[/b] I've already moved mine into Fedcoin (Ethereum). I'm currently 70% Ether / 30% Bitcoin. If Core/Blockstream doesn't quit the BS.... I'll go to 90%/10%. BUT after the dust settles, you'll see huge inflows back into Bitcoin.
Sorry for the multiple questions... do you foresee the price of ether/ethereum will increase due to the hard fork? Well..... you can see money moving out now. Its because people are seeing that Blockstream/Core supporters are making it clear they plan to go to war. But this war will happen. 1st Stage of the war is that the Classic Code becomes available. It will be quickly adapted and will "trigger" the 2nd stage. It is at this point that I see Bitcoin going up due to the euphoria that at least something is getting done, and hope that bitcoin will soon be rid of Core/Blockstream,a nd development can continue on normal course. 2nd Stage is the "Activation". That is when the actual Fork occurs. If it looks like that will get messy, then investment traders will flee like the plague. Rumours and bad news will spread, and fear and shorts will drive price into the ground. 3rd Stage is Classic Fork emerges victorious after slaughtering Core. Investment returns, happiness reigns. The REAL war with Ethereum starts. I really don't understand where you are coming from here.. I know that Ethereum has been garnering a lot of attention from the altcoin community, as it was recently pumped because of Microsoft speculations; but I really don't see how it is going to "revolutionize" the bitcoin dynamic because it is a mere form of a type of data storage, rather than a coin (I think). Plus, I just went on poloniex to check the current price of Ethereum out of curiosity after reading your OP, and it's like down 12% or so... so I don't see what you mean by people hedging a lot of their Bitcoins into Eth. Edit: The more I think about it, this is just a typical FUD post by a huge Eth supporter. Maybe you should post this in the altcoin section. |
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Sports gambling would be an awesome addition I agree, it's my favorite method and I already proposed that but I understand there must be plenty of plans for the future in the casino schedule. Maybe it can start with a small section and then grow a little, sports gambling is another huge market that they will benefit from.
Sports gambling is huge i agree, but i think it would be huge competition as well.there are already plenty of sports gambling sites. it would be wise to save money and time for development of other things/more promotion. I'm not so sure about that though. I was looking around at all the other websites and they don't do squares for everything out there... They only do it for promotional stuff such as the super bowl and March madness.. I could see the main problem is getting it to support live updates of scores, but it's something that no other sports gambling site is doing full time, and I think with the right promotions you would do really well with it, in addition to everything else on the site that's direct deposit/no sign up needs. |
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Wendy's was just hacked and the hackers made off with an unknown number of credit cards. But noooo, Bitcoin is the preferred currency of criminal financial activity, amirite? Due to anonymity of bitcoin transaction,it can be used for illegal activities but blaming bitcoin for this is like blaming fire if someone got burnt.It is the use that you put something to that is wrong or right Bitcoin isn't actually that anonymous... You can track and trace where bitcoins go and how much, also you can possibly trace and identify who bought those bitcoins, and even scarier, could possibly get your CC info and personal info if you bought it from an exchange site like coinbase and coinbase ended up getting hacked. Bitcoin is primarily pseudonymous, but it's a hell of a lot better than using debit cards/credit cards. I think the only people freaking out about anonymity are the ones doing ilegal stuff,right? Why should a normal citizen be concerned about it? That's ok if you feel that way, we have been conditioned in every single nation pretty much to think that way. I can personally say I never do any illegal activity online (except maybe the occasional downloading of music... Not much any more though)... But that's besides the point. Everyone should be concerned about their privacy. I always reference people who can't see my view point to this video of a TED talk, where this guy describes the importance of privacy. I think you should at least watch it before you assume people who want privacy are "criminals": https://www.ted.com/talks/glenn_greenwald_why_privacy_matters?language=en |
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Whoa...how did you get this? Was it one of the ones Eodguy149 was selling a little while back?
Nope, not from Eodguy419. They are extremely rare and I really doubt I will ever find another. Now I know I will never come close to the amount needed to purchase something like this, but I remember seeing MonkeyNuts having something like this and everyone was going crazy about it. I thought there was a general consensus that was reached, saying that MonkeyNuts probably had the only one (in decent condition) left, because news reporters probably misplaced it or really didn't care about it too much since they didn't really see/could predict the value of it later on down the road. |
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You could buy bitcoins without giving identities on many exchanges, but maybe not on the big US based ones. I know of at least one fairly large exchange, where you could create an unverified account, and still be able to fund it with a bank draft or money order, and the way you buy that bank draft or money order can be almost anonymous. (Or at least, unverified.)
Once you have your coins, it's a simple matter of "tumbling" it, going through a bunch of other exchanges or alt-coins, or even having a little fun at satoshidice (or 64blocks.com, hehe, just had to plug my own.) Or you could do coin-join, coin-shuffle, or join-market, or something similar along those lines.
You may not have perfect anonymity, but it's pretty darned good enough. Coins remain fungible and secure. Once every few weeks, if you're not actively using them, just move your coins to different addresses.
I'm confused.. what's the exchange site that you're speaking of? And I would think that even though you just submit a money order/bank draft or whatever, it would still link the exchange to your bank account, and thus your personal info. I might be thinking about it in the wrong way though... I've never personally used a money order anywhere, because I've never needed to do so. |
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Books- Anyone offering Super Bowl squares or specials?
snip Just curious.. why are you limiting the squares to only "loyal" members? I feel like squares would attract a lot of business to your website, as I would imagine it would be easy to implement and you could possibly attract some big time players who would probably do .05-.1 a square. I think it would be pretty beneficial to allow anyone to play and maybe instead of splitting up the pot per quarter, just say that the final score winner will get 99% of the pool and the website gets 1%, or something like that. Just my two satoshis though.. Anyone can play squares! If there is demand for more pools, and even high roller ones - we'll support it! Oh ok, cool! I definitely love playing squares, the bar I go to has squares all the time for everything... so it's nice to see squares being done in the bitcoin gambling business as well. I'll definitely think about placing a bet, just need to sign up first. So you only do this during the Super Bowl? |
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Yeah, I think that would be easily done with the (relatively) new API "Skeleton" that was created by Shapeshift. This would be quite huge for LuckyBTC. For pretty much every popular altcoin out there, there are people who advocate pretty whole heartedly for the coin, and want to do business with only those coins. I can say I've seen this when looking at the cryptonote coins like Monero, Dash, Boolberry, Aeon, etc. since I hold some of those coins personally. People use other coins for other reasons as well.
It would be nice to tap into the altcoin community so people who want fast(er) transactions can use LTC, people who are very paranoid and want to remain anonymous can use Monero or the other cryptonote coins, and so on.
I don't think any other online casino has done this yet, so LuckyBTC can strike it big if they ended up putting this into the website.
Not only that but we the recent announcements and consequently price drop for BTC many investors and traders flocked to altcoins like ETH, DOGE, XMR, XRP, DGB and many more lately so there's a huge influx of money and market cap there that it's putting Bitcoin to shame actually. Maybe it's all temporary speculation but I think altcoins will gain a lot of traction this year so it would be very wise to be open for that upcoming market. Again, I agree completely. On a slightly different note though, has LuckyBTC thought about going into the sports gambling business as well? I was thinking that people around where I live are doing "squares" for the super bowl. I was thinking this could be a huge way to get more people on to the site as well. And relating to what was being said above, by using "Skeleton", it would be really cool to play squares for any sort of gambling game. Might pose as a problem though, but anyways... For instance, it would be a game where you would have to bet a base amount (let's just say .01 btc per square). So lets say someone picks 10 squares so he would have 10 spots on a 10X10 grid square box. Later, after a table is "full", the game automatically and randomly places their bets onto the board. Afterward, there would be a provably fair selection of random numbers assign to the top and side of the grid. A person would would have to have the correct set of numbers for each team, based on the last digit of the score. Example below is crudely done, but you get the point: CAROLINA: 2 4DENVER: 1 7So the 4:7 spot would win in this case. CAROLINA
7 9 1 10 2 4 8 3 5 7 6
8
D 10
E7
N1
V3
E5
R2
9
4
8
6 Now I don't know if this would work or not, due to the volatility of the altcoin market... but maybe someone can bet .01 btc worth of LTC per square, and so on. This game of squares could essentially be done for any sports game, plus LuckyBTC wouldn't need to have any reserve BTC for whales who might win or anything like that, because it would be PvP essentially. Then, LuckyBTC could for instance take 1% of the pot and the rest of the 99% of the pot would go to the winner. What you think? Edit: sorry for the terrible table format, just don't feel like redoing it lol. |
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Books- Anyone offering Super Bowl squares or specials?
Hey Peeps - We have quite a few going on!! Super Bowl Blackjack ContestFor this year's Super Bowl, BitcoinRush.io is proud to offer a Blackjack Contest where the user who plays the most hands of Blackjack (min 1 mBTC) between now and the end of the Super Bowl Game will win 1 Bitcoin, and the Runner-Up will win 0.5 Bitcoin - all with no strings attached - you can cash-out immediately! Checkout the current leaderboard, which is updated real-time, to see how you are faring with the competition! Squares, Props, and the Current Odds SquaresJust like the past 3 years, we are offering Squares Pools to our loyal players! At the moment we have 2 pools, a free version where we've added 500 mBTC to the prize pool, and a paid version where the cost to play is just 25 mBTC per square. If we fill up quickly and there is more demand, we'll open up more pools before the Big Game! The MOST Prop BetsRight now we have over 500 different Prop Bets available to bet on with Bitcoin. This list will grow as we get closer to the game, so be sure to check them out daily! Current OddsIt all comes down to just two teams for the Lombardi Trophy with the Carolina Panthers currently 5.5 point favorites over the Denver Broncos. Whether you want to bet the full-game, the first-half, or even the second-half, be sure to checkout the odds at the BitcoinRush.io Sportsbook! Just curious.. why are you limiting the squares to only "loyal" members? I feel like squares would attract a lot of business to your website, as I would imagine it would be easy to implement and you could possibly attract some big time players who would probably do .05-.1 a square. I think it would be pretty beneficial to allow anyone to play and maybe instead of splitting up the pot per quarter, just say that the final score winner will get 99% of the pool and the website gets 1%, or something like that. Just my two satoshis though.. |
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Work hard, then your chances of getting rich will be higher. Don't work at all, and forget about becoming rich. Many sites claiming to teach you how to triple your money or something similar, are clearly scams. If there was such a way, wouldn't everybody be rich already? Investing in things seems easy, and seems to make you big bucks, but you might lose everything in one second. Instead, getting a job and having a constant income would mean you're earning small bucks (maybe even more). By continuing to work, you'll earnt enough money to be able to consider more successful ways of earning even more money. Maybe then, by investing, you may make profit. If you lose, it won't be as bad. Just hope you'll get rich.  So, to conclude, by your idea, the important thing to remember here is not to work hard, but lo learn hard, and constantly. I at least think he is trying to say that to not work hard, but work smart... Then again, I'm just guessing, because I couldn't really follow or see the point he was trying to make either, as indicated by the underlined text. But we have to think though, that it's not just about working hard and/or investing... there are other way too. Sometimes it works for people to fill a niche, or to come up with some idea that no one has come up with before that solves a pretty big problem, or makes someone's life that much easier. Innovation of a product or service is a big time money maker; but by this time and with so much technological advancement, it's hard to think of such things and there's a real big barrier to entry now in any kind of field. |
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Bitcoin isn't actually that anonymous... You can track and trace where bitcoins go and how much, also you can possibly trace and identify who bought those bitcoins, and even scarier, could possibly get your CC info and personal info if you bought it from an exchange site like coinbase and coinbase ended up getting hacked.
Bitcoin is primarily pseudonymous, but it's a hell of a lot better than using debit cards/credit cards.
That is the thing that I hate about exchanges. You have to put all your details and ID just to buy some Bitcoin. But it is safe. Well I mean, that's the thing though, it's hard to be able to buy bitcoins without having to use your debit/credit card on the site, which in turn is easy access to all of your personal info through the banks. The only way to get around this fact is to use Bitcoin ATM's, which they are hardly enough of... Or you could go through localbitcoins, which to me is a little bit sketchy tactic of obtaining bitcoins. The only bitcoin atms around where I'm at are only in big time major cities. I think the closest one to me is about 5 or 4 hours away from me, which is very discouraging. |
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