Bitcoin has really failed to overthrow the banks and the state. And that is because everything we do including our business activities are being monitored and regulated by the state.
No, it is because it was badly designed, that's all. Bitcoin contains several fundamental design issues. The most important is ironically what it is touted for to be important: its emission curve, sending out a lot of coins in the beginning, and going down to zero. That turns bitcoin not into a stable currency, but into a speculative asset. It's not fully about stability, it's about safety. The idea is that as long as people hold their coins, cryptocurrency's value stays the same or goes up. If Bitcoin ever has a significant role in society, these "design flaws" won't matter as it won't have dramatic drops anymore. The higher liquidity than being a speculative asset can bring can actually keep it stable, like gold has been for many years. |
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Can someone explain what is happening in Ghana, Nigeria, South Africa etc, good or bad? I never read or hear anything about those countries. A quick look at "blockchain" or "bitcoin" at google analytics reveals an interesting list. I always thought that United States was the forefront but it's only place 34 on that list, below whole Scandinavia an many others. Maybe internet search interest is not equivalent as actual development but still interesting. https://trends.google.com/trends/explore?q=blockchainWhy should somebody care about 3 countries that don't have the economic power of Virginia alone? Because: 1. Not everything is about the price. Chill. 2. There's quite a few richer Africans and significant wealth disparity. 3. In countries with unstable fiat currency, Bitcoin can potentially become very popular resulting in a much bigger flow of money into Bitcoin than you think. Only a tiny percentage of Americans actually has any money in Bitcoin. 4. In Western countries it's easier for people to delude themselves into thinking that nothing is wrong. 5. It can be better for earning as you can earn a significant amount online doing some things - in these areas where people have a low GDP per capita, there is also a much lower cost of living, so earning one Bitcoin means a lot more. |
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It is well-known that a fiat withdrawal on Bitstamp involves KYC information. They have chosen to play by the rules the governments impose, and that's perfectly OK - there are other options if you don't want that.
They have adverted that they're having a high load of support tickets (because of the rally-driven demand increase). So, have a bit of patience.
Patience? He didn't get a stupid response to his ticket for a week, that's not normal. Answering a ticket takes a couple minutes, you don't have to resolve a situation instantly to be able to give answer or assurance. If they got an increase in tickets they should make all employees including the managers sit down and deal with it instead of making people wait for so long. True, but we'd all like to assume that Bitstamp is doing great, since it's one of the only exchanges which isn't plagued by hundreds of scam accusations per day. IMO this'll get sorted eventually, just open more tickets and maybe they'll respond. |
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Never fails. New articles up on CNBC, CNN, BusinessInsider, and Fortune today. Then a dump.
Every time media prints something about Bitcoin, it dumps soon after.
I don't know if I'd exactly call that a dump. It's just back to where it was earlier today. I see it more as just part of today's daily healthy correction. We're having this sort of correction nearly every day. It seems unlikely that the corrections will actually amount to anything after a few weeks. Either this is serious growth or it's the very beginning of the next Bitcoin bubble, which will peak at several thousands. In either case, no one should be worried at these levels. |
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You now have came to the right point. You are not only one who faced delay in your payment update but there are many users who had similar issie on coinbase. I have earlier predicted , i still recommend you to choose another wallet.
Coinbase will asks you 0.00059 btc as fees for the every transaction and I noticed two days before, they bannered the text as the transaction may be delay due to lack mining and network for a transaction. I think this could be a reason for this delay but I use coinbase from the day I started into the forum. Much faster than blockchain and another wallet. Actually it was on around 100k satoshis the last time I did some transactions there. Everything went smooth just like my usual transaction even the network is congested but with the current bitcoin price, 100k satoshis a good amount to considered by an average bitcoiner so the fees provided is somehow not that cheap. I suggest to OP to flood Coinbase support as only them can answered you clearly. To be fair to Coinbase, they always include a decent fee and handle transactions in such a way that they're convenient to the user. The important thing though is that there are user friendly solutions providing similar functions to Coinbase while offering real security and freedom from banks and governments, like a TREZOR. People choose Coinbase because it's the first option, but the more times exchanges and pseudo-wallets screw up the more people will start moving to real systems for their funds. |
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fuck off holders DIE!. i spend much time and power when i mining few years . Cost me nerves, money, health .. 24/7/365 taking care of all my machines for several years in heat and loud..S3-S5-S7.. I had/must to sell all BT to pay this expensive "hobby" fun.. becouse always after some time dificulty go up .. so i must buy more miners.. or i lose income what have to go pay before invest money ..becouse difficlt.. So when we are "the birther of bitcoins" have made all hard work for years and make most of all bitcoins ...  now that lazy ass call self "holders" and on the background of someone who pumps the price irrationally UP for "every cost".. look at bitcoinwisdom chart .. its like some robot corect price up EVERY TIME if someone sell... A typical capitalist/terrorist scheme. Someone had to work hard for years, and then they lazy asses(wallstreet) or other ***** ..enjoy the fruit of MY hard work... SAD! I hope that none of you will enjoy it this xxx dollars from that ****  Well there's a pretty dumb post. The difficulty will go up as the price goes up relative to the block reward and computer technology develops. You can't expect the price to go up so fast and exponentially that the difficulty never keeps up and you end up making loads of profit (which is basically what you want even though you're insulting hodlers for some reason). Traders only win and lose with other traders, not with your money. It's a pretty dumb practice if you think about it, but a lot of things are. |
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With bitcoin adding segwit, I wonder what's going to happen to a lot of altcoins as a result. This is going to be a very interesting year.
Not going to be pretty for alts. Let's take a look at how many use cases are left for some of the top altcoins after Segwit enhancements for bitcoin. no one cares about features. all they wanna do is pump and pump again. there'll be a big hit and then they'll start to pump once the whales have loaded up again. the more attention bitcoin gets, the more desperate noobs are born who'll go straight to alts. To be fair, smart contracts are quite a decent use case. The idea that Ether would overtake Bitcoin and actually become bigger/more relevant is basically a joke the way I look at it, but it certainly has its own use. |
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I just had a thought: all the time, scalpers buy thousands of tickets to gigs and stadiums and resell the tickets to fans at much higher prices. These bastards price ordinary fans right out of their events. The solution should be cryptographic proof.
But wait.Don't you think the fans should be responsible enough to buy the tickets from legit online sources than to wait for the last day to buy from the scalpers ? Nah, the OP's got a point. Venues often sell out pretty fast because of scalpers. The only reason that scalpers exist is to sell their tickets to fans who are willing to pay more because the show is sold out and they have no other choice. Think of it like this: a band/artist/venue puts up their tickets to a Bitcoin based service. Someone sends them Bitcoin. When they get there, they show the venue a signed message from the address that they used to pay. Suddenly, the secondary ticketing market becomes extremely complicated, and Bitcoin users don't even have to verify their actual identity with the service.
This doesn't solve the problem as scalpers can buy tickets with 10 different addresses,sign them and sell it for much higher prices at the venues. In theory yes, but they'd have to transfer the entire wallet to every person as the concept is to do it at the venue. |
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That's kind of meaningless, since a soft fork is still a fork. This article doesn't express any actual sentiment on the debate.
First they were for a soft fork, then they were for a hard fork. Now they're just for a "fork". This is what happens when people hate you regardless of what you actually do.
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It all depends on how many transaction the person receives. Your transaction was made up of only one input so it was small and you payed a moderately low fee.
However, if someone receives several transactions to spend one - for example, a merchant takes 10 payments of 0.001 and then sends a transaction of 0.01 - their fee becomes extremely high.
Also, 0.0005 is only practical if you're sending fairly big transactions. With smaller ones, it's a no-go.
I do agree that the FUD has gone too far though.
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probably not your retirement fund manager or even wall street traders so why should this man from Greece where economic turmoil is persistent in the economy be able to do it?
From Bulgaria. Retirement fund managers and wall street traders deal with large amounts of money and safe investments. Everyone was aware that this was high-risk, but the OP provided enough details for us to assume that he was doing what he said he was and that it could work in the short term with low amounts. And we're not talking about the odd $200 reselling, that's easy, i can get $40 from anywhere as well. But the fact that he was invested over $10,000 in funds meant that there was no sustainable way - and no he definitely couldn't resell anything to gain that, unless he is selling drugs which he appeared to not be.
At each point in earnings he would give new details as to what he claimed to be doing, such as buying iphones and reselling them after unlocking them. He also said that he would not take investments larger than 5 Bitcoin as he "didn't have use for them right now". At least I don't think that he should keep the money. JackpotRacer is supporting scammers and spreading malicious sentiment. you are really a clown! you need to confess that you did a big mistake Maybe you should have "saved some coins", as you put it, before he'd stopped paying. You still haven't responded to my point about how he'd stopped paying the day before you "warned" everyone, or more importantly that you're directly supporting scammers by repeatedly suggesting that they should keep scammed funds and evading questions about that. and still talking and repeating the nonsense that djord told you
That's the thing though - he was lying about actually doing what he said, but that doesn't mean that what he said was impossible to do or that it couldn't achieve those returns if repeated properly. Thousands of extremely wealthy people invested in Bernie Madoff's giant long-term Ponzi scheme, with falsified trading proof - does that mean that they should "learn their lesson", and somehow accept that it was stolen? No, he was arrested. I hate to burst your bubble, but this sort of mentality is exactly what scammers feed upon to avoid getting caught. |
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Why are half the people on this thread so desperate to terrify themselves?
You don't move away to Coinbase to run to Xapo. They're the same thing - an only just regulated third party which you are trusting with your funds.
You might as well be trusting a bank that has only existed for five years and isn't insured.
Electrum or a TREZOR or both are right there in front of your face, and they're not actually less convenient than an online wallet really. They do have much better fee estimation and options though.
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Some dealers will indeed get caught.
Some of them will have clever systems of sending from different addresses, as well as accepting Bitcoin payment and mixing their holdings. Some of them will even disguise what they do with the post - I've seen stories of dealers hiding drugs inside varying and real-looking mail like leaflets, for example.
They won't all do the same thing, but trust me, they're pretty good at covering their tracks if they do it regularly.
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4% Daily* Deposit included * For 30 days * Total ROI 120% 150% After 60 days* Deposit return * After 60 days * Total ROI 150% 4% a day, is 1200% a year. If anyone still thinks this is an investment program, you're horribly wrong. This is another obvious ponzi, with an admin behind which just wants to make some quick bucks. No no no, you need to calculate compound interest. If it was actually a trustworthy investment scheme (which it's not), people would keep their Bitcoin in and hold it there while it grows. Compounding it, an "investment" of 1 Bitcoin would be worth BTC129,911 in one year, or BTC17,431,955,607.29 in two years. Now you can see how ridiculous it is. |
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Here's exactly why people need to get their funds out of online wallets to private/personal wallets straight away. Any information which governments could use to find your identity will be exploited and sooner or later you'll end up paying some big taxes.
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The only way to get a reasonable hard fork, is if it's not rushed (4 months is rushed) and if it includes more technological innovations than a mere 2MB increase. There are lots of cool things we could add in a proper hard fork.
I don't know about that. I'm sure that there are plenty of technological innovations to include, but some are already included in SegWit and four months is just an addition to the well over a year that the debate has already been happening for. I agree that it shouldn't be completely new code in just four months (that is rushed), but that's basically a temporary proposal that will die down. This is all about Jihad Wu's ego. He just wants to get something out of this.
Now we're getting into tin foil hat territory. The only thing that we can judge from an objective standpoint are his economic incentives, which are broadly to let Bitcoin scale as soon as he feels altcoins are becoming a threat. |
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probably not your retirement fund manager or even wall street traders so why should this man from Greece where economic turmoil is persistent in the economy be able to do it?
From Bulgaria. Retirement fund managers and wall street traders deal with large amounts of money and safe investments. Everyone was aware that this was high-risk, but the OP provided enough details for us to assume that he was doing what he said he was and that it could work in the short term with low amounts. And we're not talking about the odd $200 reselling, that's easy, i can get $40 from anywhere as well. But the fact that he was invested over $10,000 in funds meant that there was no sustainable way - and no he definitely couldn't resell anything to gain that, unless he is selling drugs which he appeared to not be.
At each point in earnings he would give new details as to what he claimed to be doing, such as buying iphones and reselling them after unlocking them. He also said that he would not take investments larger than 5 Bitcoin as he "didn't have use for them right now". At least I don't think that he should keep the money. JackpotRacer is supporting scammers and spreading malicious sentiment. |
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Everyone is talking about correction. Yeah there is going to be one, no doubt about it.
But whatever you feel like it's not going back to 1500$. So is it really worth to risk everything by trying to "see" a correction right now? :p
Just take a cocktail and ejoy the cool train to 4k$
Significant corrections are barely happening. At nearly every point I've thought there's going to be a correction but I've been too skeptical.
However, the tiny corrections of $50-100 that we've been seeing along the way and the sideways movements are solid. It shows that we're not drifting into bubble territory (yet). |
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Hello. Could anybody provide me information about BTC exchange services where I can choose some highest fees for quick transaction? Such as bitsler. Many thanks!
BTC exchange service is where you go to trade bitcoin! fees you pay for transactions are for on-chain transactions and has nothing to do with that! bitsler is a gambling site which has nothing to do with anything you said so far! so would you mind rephrasing your question and asking what you really are really trying to do?! I think he's trying to put his money into a third party and use it as a "wallet" while they pay the fees for him (like exchanges do). Gambling sites often do this. Personally, I definitely wouldn't recommend it. You'll likely get caught for suspicious activity, and your funds could actually be suspended as these services are very shady and can withhold your Bitcoin under many circumstances. Furthermore, fewer and fewer of these exchanges/gambling sites are covering the fees for you, especially if you're only doing small transactions which is the only case in which you should need to do this. Really, you should just take it to a personal wallet and pay yourself. |
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Okay, well I’m very glad to hear that. We really need for these scaling wars to end, so the potential for SegWit to be activated is really nice. Perhaps soon we can say goodbye to 2$ 5 hour transaction fees  I think this is why bigger companies like Xapo are supporting this. They want to move forward, but the scaling issues are holding them back. It is too early in the game to say if this is good or bad, but I think any type of scaling will be better than none at all. I will listen to arguments from both sides and make up my mind based logic reasoning. I am also happy this scaling thing is going forward... we have stalled too long... 2MB is coming, if we want it or not.  Some of these companies will just be appeasing the group of miners who support BU. I would argue that BitPay still supports SegWit to some degree. Perhaps their dramatic turn in opinion was actually because they expected that a shady compromise like this one would actually push a legitimate solution further? |
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