As aadje93 said, trust is not moderated.

Anything that suggests that you are not trustworthy, and in this case it is the fact that you called him a piece of shit and aggressive and poor man seem to suggest the same thing to me. I wouldn't trust you with my coins, if i was legendster.

You said that it was after he offended you that you offended him... Show us the logs? From what legendster posted here(https://bitcointalk.org/index.php?topic=1986467.msg19804556#msg19804556) i can't find anything in which he insulted you, apart from saying that he won't pay you $20 an hour...

Remember, he's not on DT2, therefore your trust ratings are not effected by default settings. Don't worry too much about it. And fix your attitude, if you don't like his offer don't force him into accepting yours.

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Move this to reputation, please.

Eh, i don't know about this.

I believe that UASF if gone according to plan is going to be a breath of fresh air, actually for the bitcoin community. Because we're now used to paying $3 a transaction in fees to miners, and when scaling is done on the network then fees will come down.

However obviously there is a lot of speculation regarding whether a hard fork is going to happen or not, and it is likely that it will happen. In the case that it happens, i don't think that the price of the two chain tokens combined with change at all - because after all, everyone gets the same amount. However, depending on the token you're holding, whether Bitcoin Core or Bitcoin Unlimited, the values of each will fluctuate in inverse correlation. If one gains much more support than the other, you can expect that one to rise.

- Yes. Although what i would recommend doing is that go to github and download the whole folder onto your PC/laptop, and run it on strictly offline conditions. Do not turn on wifi again until after everything has been printed etc. For best security tohugh, i wouldn't even print out the private key, because who knows what is inside your printer, it could be some virus or even the government spying on you. To keep it completely offline i suggest using cryptosteel, its water proof and heat proof, and completely trustless and offline.

- Make sure you never share the private keys. Not even your family andfriends.

- Buying from localbitcoins is convenient, but you won't get the best rates. Use an actual exchange for this.


I would argue that you do gain security somewhat if you have multiple of these and putting them in different locations. So that when a fire does happen, only one is destroyed.

It's not really their fault for charging such a high amount of fees.

They target consumers they want visiting their site is whales anyways which will generate crazy volume, to them, 2mbtc is absolutely tiny amount of money. It is peanuts to them, they can execute as many withdraws as they want all week long, all day long.

Bitcoin network fees can't be changed by them, therefore they have to charge it, otherwise people will abuse their service as a microtransaction processor.


They probably changed it due to recent rises in fees. Obviously it's better, but honestly, it won't make that big of a difference. You have to understand though that if you deposit, there are fees involved in that too, especially if its small amounts. So basically the withdrawal fee is deposit+withdrawal fees combined.

Long term holders are good, i think most of us here are indeed long term believers in bitcoin. However, if you blindly invest in bitcoin when it is at its ATH and so on then you're taking an absolutely huge risk - especially if you are trading with margin. If you're trading with your own money you're potentially losing out on a lot of profit, i mean yeah the people who bought at the 2013 ATH made 100% profit but if you bought a year later, you would have made 5-7x more

And yeah, falling volume + alt hype + low bitcoin dominance, it's not a good match at all. AND the entire market cap of crypto is struggling to keep afloat above $100bil.

Hahaha, that made my day sir

I really don't believe that giving someone bitcoins in the form of paper wallet is going to change their life for the better. The worst that can happen is that the guy thinks you're mocking him and giving him magic internet monies, and throws it away in disgust. The best that can happen is that he redeems the bitcoin, and sells it for cash(idk how he/she has an internet connection and a working pc when they are homeless on the streets, though )

Rather, if you really care about homeless people, approach them with what they need. Get them some food, which is probably their most immediate need, and IF they have the interest, then talk to them about bitcoin. Or better yet, offer them work opportunities which pays in bitcoin. Obviously, it'll be hard to achieve, but if some big bitcoin personality can help make this happen, it's going to boost the public imageg of btc drastically.

I'd even argue that accepting CCs as a merchant in real life is more risky than accepting bitcoin purchases with 0 confirmation, no matter what the amount is.

Look on the news, you'll see a ton of people using stolen credit card details to book a room at a hotel, buy expensive jewelry, electronics, gift cards, and whatnot. Now search up how many people are willing to do the same with bitcoin doublespends? I haven't come across a single case in the 4 years i've spent with btc. Fact is that in real life, you don't have enough time to doublespend, and it's not worth it, because everything is caught on CCTV. Even casinos accept 0 conf deposits, like Bitsler and i think bitcoinvideocasino(or used to), and never had major issues with doublespends even though the guy is behind a screen.

The main concern here is fees, not doublespends. If you're buying a coffee for $3 and the fee is $3 alone, you're probably not going to buy it in bitcoin. But if you order something overseas, online, say a macbook, doing so with bitcoin is much cheaper than pp or cc.

I mean yeah, in a way.

Bitcoin can serve as a bridge between poor people that have cheap labour in poor countries, and people who need skilled labour but can't find cheap ones in their current country, and getting rid of the transfer fees which can add up to more than 20-30% in some cases, and delays in money transmission. That'll help balance the world economy, essentially letting poor countries become richer and already rich countries become a bit poorer.

However, bitcoin alone is not able to change anything. It merely is a medium of exchange, and a store of value - nothing else. It ultimately depends on policy makers. If they're hostile to bitcoin, then really bitcoin's potential is wasted.

Here is the actual segment: https://www.facebook.com/7newssydney/videos/1720556641301795/

The thing about bitcoin ATMs in australia is, as to my understanding beforehand bitcoin buyers in australia had to pay a 10% GST(equivalent to VAT in europe) on top of the current bitcoin price which is marked up. And when you make a purchase with bitcoin you'd have to pay another 10% GST, so basically double taxing.

New laws rolling out in 2 days will mean that there are no taxes when you buy bitcoin, only taxes when you buy something with BTC. So thus is the reason of this boom in interest in Australia regarding bitcoin. GJ australian gov on this one.

Scaling is something that will be prone to every single decentralized system.

And high bitcoin transaction fees are obviously a direct result of the scaling issues that are surrounding bitcoin at the moment. But bitcoin is not alone - the Ethereum network is basically defunct after the Bancor ICO or some other ICO, it's essentially broken and really hard to use for a day.

The point of bitcoin is not to process micropayments, at least not now. Obviously, if we have the ability to process microtransactions that would be even better. But investing in bitcoin means that you're pulling out of the fiat scam, and investing in a long term store of value. And when you have a bitcoin, fees are miniscule in percentage terms, it's less than 0.1%, compared to skrill and neteller's 1.9% which is considered "low".

It's funny how people say that bitcoin is a bubble right now, but compared to fiat, it is not even a bubble!

Simple logic, US and europe cannot keep going into debt just to buy stuff from China and India. Nor can china and india keep devaluing their currency so that their exports stay competitive. This is why centralized currencies never work. Governments abuse their power to fulfill short term plans without looking further ahead. When this whole thing collapses, that's when people jump ship, and switch to a decentralized economy.

As you said a lot of people think government backed = the thing to go for. Decentralization = nobody is responsible for anything, therefore, if bad things happen nobody will fix it. I really wish they can read everything about bitcoin before they speak.

Every single currency is built on trust. Fiat currency especially.

If everyone knew about how fiat currency is completely rubbish and that the government has basically control over anything that you do with the currency, then everyone will dump their cash for a store of value such as gold and silver, or even bitcoin.

The thing about decentrlized store of nvalues such as gold, silver and bitcoin is that you don't actually need to trust anyone with your wealth. You holdy our own private keys, and the government cannot influence inflation rates in bitcoin. It's all preset in the bitcoin code beforehand. Obviously, if people don't believe in bitcoin anymore(such as a fork going wrong), then bitcoin's going to drop in value, probably dramatically as well. But this isn't just applicable to bitcoin, it is applicable to any market based currencies. Either way, i don’t think that bitcoin will experience this sort of thing anytime soon. It is still very early stages, and mass adoption has not even happened.

I do think that there is probably going to be another additional dump, even though that people think it's already bottomed out. Bitcoin prices are currenly way too crazy to be sustainable, even with the current prices after the adjustment from $2900. Though I do think that the floor is set in stone at $2000, even if it crashes hard, there is no chance that bitcoin is going to go down as low as sub-2000. It's just not possible right now, there are so many people wanting to buy bitcoin for cheap.

To be honest though, if the UASF goes well and the fees are lowered somewhat from the current situation, bitcoin is probably going to sustain this $2500+ price level. After all, there are a lot of long term holders already, and there are only so many bitcoins that are in circulation. Everyone wants to get their hands on one, and there are only so many that people are willing to sell.

Thankfully you were paid back.

I wouldn't recommend anyone else to use BetOpen still because it has been demonstrated that they basically neglected this case until their ICO is around. If there was no ICO they probably wouldn't have paid anything back.

As Darkstar suggested, i think that signing a message that is holding at least say, 50BTC of user funds is necessary. Otherwise they are essentially running a ponzi scheme, aka your depsoit is paying others withdrawals.


Bad idea. If this was a scam, then after the ICO the scammers have their money and have no incentive to pay back anyone. @sedna, open a scam accusation just like OP has done, so you can get your money back (hopefully).

Your arguments are extremely one-sided.

Let me say something then: The amount of people who got scammed by paypal chargebacks, and compare that figure to the amount of bitcoin chargebacks or doublespends.

OH wait, in bitcoinland there are no doublespends/chargebacks after 6 confirmations. That's 60 minutes. Let's look at paypal then, you have to wait 180 days. You might say, fair enough, that should be the warranty period... But wait, there are people that have been charged dback after YEARS, because whether paypal can be charged back depends on the credit card company, and credit card companies often side with the buyer.

As a seller online, do you really want to get into this? Prolly not.

This again proves that when a country starts to legalize and endorse bitcoin all the citizens there will be benefited.

Merchants that were previously unsure about the regulations that involve bitcoin now has incentive to start afresh with their bitcoin journey. Personally I've been to Japan and actually stayed in one of these cute capsules, it's an awesome experience.

Hotels accepting bitcoin is a win-win because it means that tourists are able to avoid extravagant foreign exchange fees, and pay in bitcoin. Merchants are able to ensure that nobody uses a fraudulent credit card to purchase for their room/services, which is a plus for them.

That's funny but true.

It seems like that every time there is a halving the aftershock can last up to 1-2 years. And then there is like 2 years of quiet time when nobody talks about bticoin and the price isn't going anywhere, the community interest dies down, and when the next halving comes, everyone just sort of comes out of their sleep again and start investing in bitcoin, driving up the price.

I wouldn't say that $10k is possible this year though because bitcoin has already went up by like 700% from $400. To get to $10,000 would mean quadruple the price of the current bitcoin to usd value, which isn't that doable tbh.

Ultimately we cannot influence your decision of what you would like to do with your money.

My advice would be to get 20% bitcoin right now, and 80% after the UASF.

I just feel like the price will definitely drop quite a bit after 1st August because of all the drama with Bitmain mining their own altcoin if UASF succeeds, and Bitcoin Unlimited trying to hard fork with a miner majority etc. It's all pretty crazy at the moment.

The price is nearly $3000 right now as well, which means that $3200 is probably the highest point it's going to reach IF it breaks $3000 at all. If not, then the price is going to drop dramatically.

This proves nothing about whether alibaba would actually want to start accepting bitcoin.

It is merely an opinion poll of what bitcoiners think will be next to accept bitcoin. Now bitcoiners cannot change the minds of the CEOs of companies, it is ultimately up to them therefore this poll is redundant.

I wouldn't be surprised though if Alibaba started to accept bitcoin - most likely on their sister site aliexpress because that's aimed as a global audience instead of just chinese though. Asian countries are already trying to regulate and legalize the bitcoin market whilst the US is doing nothing to try to embrace the technology. Most customers of US bitcoin companies are overseas as well...

i really don't think that legalizing bitcoin or not would affect bitcoin price all that much, it might increase a little but in the end it won't be that much of a difference that it makes.

On the other hand, i think that the date of the UASF is so close the number one thing that is going to affect bitcoin's price is whether more mining power signals segwit support or BU support. That will either drive price up or down.

I know that the 1st August date is over exaggerated in some cases, some people even seem to think that bitcoin is dying because of this day, but it is a pretty important date that everyone should know about.