$4.5T in unfunded liabilities is already gone and can't be paid.
More like $107 trillion. http://usdebtclock.org/And that's just the USA. Sad thing is we're falling into the same trap with segwit and off-chain scaling. Right back into the bankers hands. There'll be barely a hickup during the transition to a "Bitcoin"-based economy. What a joke. What do you mean, same trap? Can you explain? Fractional reserve is impossible with LN, and anyone can set up a channel by locking the collateral. Seems like a fresh start. We're being herded back into communal pools. The Bitcoin blockchain allows individuals to remain independent. Segwit and second layers are like taps that will funnel off power away from the blockchain. Ah, I see what you mean now. Indeed, the second layer solutions we have today are akin to dealing with a bank: "I keep the books, that's to you, this I keep" and so on. These solutions are mostly used by exchanges (banks in their own way) after all. LN itself, however, is technically egalitarian in a way similar to bitcoin. Wanna open that channel? Lock 0.05 btc, ok, channel open. You can't transact more than those 0.05 on that channel. This is all I meant when I said fractional reserve is impossible. |
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$4.5T in unfunded liabilities is already gone and can't be paid.
More like $107 trillion. http://usdebtclock.org/And that's just the USA. Sad thing is we're falling into the same trap with segwit and off-chain scaling. Right back into the bankers hands. There'll be barely a hickup during the transition to a "Bitcoin"-based economy. What a joke. What do you mean, same trap? Can you explain? Fractional reserve is impossible with LN, and anyone can set up a channel by locking the collateral. Seems like a fresh start. |
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The way I see it, this update protects plain (segwit) nodes from being cut off from their network if they have their peers.dat stuffed up with 2x nodes at the time of the fork. It also means 2x nodes should be doing more or less the same if they want to be sure to have "useful" peers ready when the time comes. Don't know why Garzik is putting on such a racket about that. |
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BCH Update There have been 223 blocks mined since the hard fork. (784 blocks behind the original chain) The Bitcoin Cash blockchain is currently operating at 17% of the original chain's difficulty. The original chain has grown 791.72MB more than the Bitcoin Cash blockchain. It is currently 55% more profitable to mine on the original chain. Source: https://cash.coin.dance/blocks And I suppose this estimate doesn't even take ASICboost into account? |
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For me I would recommend using spectrocoin or coinizy. Tried both and was not disappointed. Coinizy is easy to use and doesn't really require verification unless you need to exceed the limits. I believe you can also use it to withdraw from ATMs, though I haven't tried that feature yet. Anyway, I think most ATM withdrawals are expensive so I actually avoid them.
Don't recommend Coinizy. They are shady and have a lot of complains about stealing users funds and awful/nonexistent support. I had one of their cards to test out and they simple "stole" $12 from my balance. I sent them a support ticket and they took 6 days to reply me, finally giving my money back (btw, they claim that they answer tickets in 24 hours). Also, if you check the last pages of their BitcoinTalk thread[1], you will see tons of people complaining about lost funds. [1] https://bitcointalk.org/index.php?topic=1624128.660I'm steering clear of this, looks too scammy!  |
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Hello @Gotottack, thanks for chiming in. For me I would recommend using spectrocoin or coinizy. Tried both and was not disappointed. Coinizy is easy to use and doesn't really require verification unless you need to exceed the limits. I believe you can also use it to withdraw from ATMs, though I haven't tried that feature yet. Anyway, I think most ATM withdrawals are expensive so I actually avoid them.
I thought limits for unverified users are lifetime limits, as in an overall cap for all the cards sent to the same address. In other words, if you're unverified, you can throw away your card after spending/withdrawing $1000-$1500. Isn't it so? |
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Meanwhile, Altcash has crept up to $270USD. Excellent news for those of us who continue to hold both currencies.
Hodling that alt thing is for pussies, and bordering treason. I would call it Judascoin. You sound like a conspiracy theorist! D'oh. Of course you do. Sorry, ehm. |
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I feel old.
Come on, that's just "experienced" isn't it?  |
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Here's what I hoped for - contrasting experiences/opinions. Thanks @klf and @AdmiralSpot! I'm also using XAPO card for more than two years and so far I'm quite happy with their services. I didn't bother much to compare their charges with other cards because I mostly sell around only $500 per month. So far my maximum withdrawals around 1000$ in a month but never really tried to withdraw high amount at once. Their support team will not immediately reply your queries but within a couple of days, they will surely respond you. I got it for free of charge this card. I suggest you can try this card based on my experience.
Great. Over 2 years! I think I will try and use one. I also have similar amount targets as you, so it would suit me if it works! Do you have any negative experience with limited acceptance? Do the merchants KNOW it's a BTC-based card the money comes from? (Some may shun it just because it's "terrorist money", tut tut.) i had the most problems with Xapo 1-2 years ago, since then I dont use it.
Which problems in particular? Valuable information if you can explain a little better! Thanks to @Skarner21 and @shield132 too. I've read your replies with interest, and you are all helping me decide. |
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These types of cards have certain limitation and might not be valid payment method for international transaction.
Most pre paid Visa Cards are not respected by online merchants and services - for example, you can't buy games on G2A.com with prepaid visa card. Hm, that's what I was (am) afraid of. Getting a useless piece of plastic with good money locked inside that can't be spent easily wherever you want. Using bitcoin directly whenever possible and stick with standard credit/debit card is far better idea IMO.
Problem is, not all merchants accept bitcoin. Besides, it could be a convenient way to get fast cash when abroad. |
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Real quick thread about some Bitcoin debit cards and it's pros and cons[1].
Yes, I'd seen that thread in my initial research phase. It's a useful comparison. Thanks for the heads up, @TryNinja! I posted a request there. If I do get a code, I'll see if I manage to register. |
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No it's wrong. I don't think BTC was ever mined using GPUs. LTC however yes, and ETC/ETH. The ETH bubble until June cause a shortage of GPUs and helped both AMD and nvidia financially. BTC indeed used to be mined with GPUs. And CPUs before that. |
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Hello, I would use your card to spend bitcoin with merchants that do not accept bitcoin. It would get a lot of use if it works, is generally well accepted, and the running expenses are reasonable.
If I receive a promo code and it works well I will post about my experience.
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Give this man a lot of trust rating!
haha thanks just one of the guys that keeps his word  Yes. "Just" that. I also received the award because of my explanation YOOHOOOOHOHOHOHOHOOOO!!  I don't think I'm in a position to rate trust yet. Or am I? |
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Why is ppl here so obsessed with that unknown milf? Posting a different pair of boobs for each special event would be appreciated. Salma Hayek isn't an unknown milf. Conspirosphere, you are disappointing me. Salma Hayek... tut tut. |
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I still like Spectrocoin more because they are buying /exchanging/ BTC -> EUR at good rates. For example Wirex are buying BTC at 100E less than Spectrocoin.
Thanks for the good info, BigBoy89. I'll take a better look into Spectrocoin. Any actual user of different cards (Xapo or others) is welcome to chime in if they feel like sharing personal experience or opinion! |
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If you don't mind I'd like to ask you all a few serious questions.
1. When is "moon" for you guys? Everyone has their own "moon" value.
2. When your "moon" figure has been achieved how will you sell a large amount of coins or will you always keep bitcoin?
3. Will you always keep a portion of your stash and never convert to fiat?
Thanks and happy ATH friends.
1. Around 15K USD. 2. I'll sell just enough to get even with all the fiat I poured into BTC. 3. You bet. |
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Bet CLOSED! Let the game begins... Thank you all for supporting this game and I wish you all good luck. Let's make contact when ATH touched. Final list: 20/07 Siggy  21/07 Mr Frog 22/07 Protokol 23/07 Bitcoinaire 24/07 Lost_in_base 25/07 rjclarke2000 26/07 Globbo 27/07 Poolminor 28/07 TeeBone 29/07 Ted E. Bear 30/07 bahty 31/07 Infofront 01/08 Vin 02/08 Steelboy 03/08 D_eddie 04/08 Bitserve 05/08 Bikerleszno 06/08 Last of the v8s 07/08 Pajulapoiss 08/08 Imbatman 09/08 Mikenz 10/08 Machasm 11/08 Aesma 12/08 doc12 13/08 Fluidjax 14/08 ShroomsKit_Disgrace 15/08 Fragout ---- slow death 16/08 Orpington 17/08 sirazimuth 18/08 Ivomm 19/08 Elwar 20/08 Oblox 21/08 Haciendo 22/08 Boba 23/08 ErisDiscordia 24/08 Ludwig Von 25/08 Hazukison 26/08 SportbetMaster 27/08 Nanobtc 28/08 Vamos1 29/08 Paashaas 30/08 RayX12 31/08 BinaryReign 02/09 Patrisorvieto 05/09 Entons 06/09 Oinas 09/09 Edgar 11/09 Buwaytress 15/09 MinermanNC 17/09 Spaceman_spiff 21/09 undeadbitcoiner 01/10 K.Ehleyr 02/10 Petemoss2 04/10 Herman Hesse 13/10 Cryptoqueen 05/11 Chainsaw 21/11 Icygreen 12/12 Kurious 23/12 Fractaluniverse 14/01/2018 In the silence 05/02/2018 savetherainforest ATH HIT !!! bikerleszo HIT the day so today i Will send him .25 BTC for the correct day Just contact me from here I think you only add A date not A reason why if i'am correct so if you didn't put A reason why before Its only .25 BTC AND i Will send the other .25 BTC to d_eddie Just because of the Very Good explanation of why the big price raise Small vote after payment if you Guy would like another ride like this on maybe price guess + 4000$$ or something But first payday than we look further Greets and Good morning Hello, Yeah I am winner Frist time ever I won something. Please send me btc to this address : 1LyuHFHQQuGt6hLjsW8FN4VkiBC6nbCTQD YEAHHH!!! Winning for a good explanation is even more satisfying than getting the date right!! (Which I thought would be yesterday rather than today.) Thank you micgoossens! EDIT: Oops, further down the thread I've seen bikerleszno got the explanation reward, too. Nevermind. It's been a lot of fun |
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Segwit clears out the mempool? Trust me, most people don't even know what mempool is. Anyway, we'll hit the new ATH soon, but then BTC will crash hard, because of Bitcoin Cash, you'll see, everything's getting ready for a takeover.
Bye bye. |
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Hello, I've done my share of homework researching the available debit cards, but it's hard to find reliable information from people actually using such cards. EU citizen, currency EUR. My ideal would be a totally anonymous debit card, which as I understand it, is impossible nowadays Unless you want to be limited to 1000-2000 EUR per card/street address. Or is it? Second best: a normal debit card in my name. I am interested in Xapo, but I'm not sure it actually works well. Are there any alternatives with strong points? Xapo commissions look sane on paper, but how about the exchange rate, for example? One last issue is taxes. Since I never sold a single BTC, I've had no need to mention BTC in my taxes. How does it work when I spend from a debit card? Am I going to find friendly mr. Smith (the taxman) knocking at my door? Any advice from actual debit card users will be welcome as useful help. Thank you! |
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