Give him some bitcoins and direct him to casino to enjoy and he will surely comeback for more and once he sees his winnings and convert it to fiat he will see the value of BTC
Or probably getting pissed off and kick OP's ass immediately after directing him to play in the casino with bitcoin. Not all parents love to see their kid playing gambling but the majority of them will forbid their kids to play gambling. So your advice is kind of very risky unless his dad is really into gambling and even let their kids play it |
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Hi everyone, I've been a reader of that wonderfull forum for a while and I'm jumping in for the first time  I've searched that topic deeply for days and days, found some interesting things about that (even here) but no clear answer so I'm starting a new thread to get as detailed informations as possible (many thanks in advance ). I actually have two questions: - Q1: Banks are usually not huge fans of crypto related businesses but I suppose that the big startups around (Kraken, Bitfinex, Polo, etc.) all have bank accounts but my question is: which banks are 'Bitcoin friendly' (or at least Bitcoin tolerant) to start a business with? To specify my question, if I'd like to create a Bitcoin based startup, where should I look at (I'm in Europe)?
- Q2: Is there such a thing as a 'Bitcoin based' bank? To put it differently, is it possible to get rid of banks totally? The idea would be to have a blockchain based system capable of dealing with SEPA (direct bank debit) or things like that, just like Paypal but based on cryptos?
Many thanks in advance for any enlighted answer you may provide  Those questions are asked many times here and i can`t seem to find any good answers too. I don`t know anything about "bitcoin friendly" banks. Bitcoin is an anti-bank currency. Bitcoin was created to get rid of Banking system, in bitcoin the users are the bank and the wallet are bank accounts, Bitcoins give freedom from heavy transaction charges, fast service and high security. And yet people are still asking about the crypto bank or whatever which is really against the purpose of why bitcoin was created. The bank itself is centralised and against decentralised thing which bitcoin having Actually, if the crypto bank is really going to exist then the things might work just like an exchanger where you're always trading. Your funds have the chance to be stolen |
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We can't know everything what is happening on the internet, especialy having in mind the deep web so it's hard to make any estimation. Still with overal acceptance and especialy with high price the number of users is probably increasing and people are changing their opinion about the Bitcoin for the better.
A rising price of BTC does is not necessarily caused by the increasing number of users. This might be an empty pump from the rich traders who dont have anything better to do with their free time. Please keep that in mind. That can be one of the causes of the price increase in bitcoin lately, but I think the population who is using bitcoin is also increasing with the time. I can't estimate what is the real number who actually using it, but we start to see more place who accept bitcoin. Well for my own speculation we are 23% of population who are using bitcoin.. and i think we are increasing but we can say that we are fast growing but we are gradually increasing. that is why the price right now are gradually increasing and i think more people will use bitcoin and more demand will come.. If you think that 23% of the population use BTC right now then please show us your proof. Until you can show me the hard numbers and statistics your speculation has no bearing and is not backed up by facts. Why would we believe a random person in this forum who is sometimes surely brain farting from his mouth. That number which is 23% is too dreamy and really far from the actual number even today only 40% of people in this world "have" an internet connection according to this site which showing the statistics: http://www.internetlivestats.com/internet-users/ . If you're trying to ask people in your office, your neighbours, or wherever then I guess you will find out not more than 3 of 10 people you were asking will know bitcoin |
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The reason behind all the hacking when the price starts to rise is down to the value nothing more..
Why would a hacking group spend months, working on a site or trying to gain access to the admin accounts by what ever method if the reward is low. or there is no demand for what they plan to steal..
I think when price rises people should be very careful leaving funds in exchanges or casinos or games, because they all become targets for hackers when the price gets high.
Withdraw your funds if you have them tucked away on ANY site. get them in your wallet take control!
If you need to trade or play put only what you need into the accounts!!
Don't let 2017 be a repeat of previous years. We all know the MTgox and other high profile hacks happened when the price went up!
When hackers are trying to hack some popular exchanger site with purpose to steal the bitcoin then they can just do it, it doesn't matter whether the price is at its highest point or whatever because after they steal those bitcoins then they're actually owning it and no one could take over its access unless the private key were stolen or the hackers getting compromised by someone else. So, the current rate doesn't really affect to the hackers |
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so true. I also thought that it would be a competitor for bitcoin, and eth prices had also skyrocketed. but, it did not last long, and when it becomes dimmed. I believe bitcoin will remain the coin of the first, and will be the best coins. I still doubt if there altcoin were able to offset bitcoin or not. altcoin always dimmed when there is a new altcoin, which has a high popularity.
As long as those alternate cryptocurrencies weren't too counting on bitcoin on its every aspects such as ICO, Value of the coin, much more inside its project then it could surpass and probably take over the first place beating bitcoin. Otherwise, it's not going to be happening. this tradition already continued from a few years ago, now it's proven none of them could take over the first place, it's really clear. |
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I like it, how much?
Only 0.03 BTC, let me know if you interested in  I like how you're editing the price. 0.025, 0.05 or 0.03? I think the fairest price is 0.03, I thought that 0.05 is just too expensive, so the price is 0.03 BTC Well, I think it's too expensive. Let's assume it took you one hour at most, which I doubt, means you charge almost $30 per hour. Quality does not match the price, I'm sorry the entry is declined. My last offer is BTC0.015, thanks |
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I like it, how much?
Only 0.03 BTC, let me know if you interested in I like how you're editing the price. 0.025, 0.05 or 0.03? I think the fairest price is 0.03, I thought that 0.05 is just too expensive, so the price is 0.03 BTC |
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I like it, how much?
Only 0.03 BTC, let me know if you interested in |
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They'll ban gold before they ban bitcoin. Bitcoin is still deep under the radar in India, only a few people in the loop know about it.
I totally agree with your words that bitcoins is still deep under the radar in India.No body can even think about bitcoin as there are lot other major issues.No body talks about bitcoins and is never trending in india,so i dont think any thing will happen about bitcoin in India any time soon. Even I doubt that more than 20% Indians know bitcoin and the active users must be lesser than the amount of people who "only" know bitcoin. Gold was very known in India by almost everyone while bitcoin is a small thing for them, that's why I'm sure that government will not really be giving attention onto bitcoin until at least bitcoin becoming as popular as gold |
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Well I see it as battle of centralized and decentralized system where centralized have an edge over that decentralized system since the first one is supported by the government. Having said that there is an authority behind cashless society, there is a big chance that it will kill bitcoin because it already do the supposed to be function of bitcoin. Aside from same sort had been tested for several decade now and had been proven to work great unlike bitcoin which is at its early phase of development and application.
So one factor that cashless society could possibly kill bitcoin by making the government to eliminate competition and that is banning bitcoin or same sort of decentralized cryptocurrency.
A cashless society may happen but it is not going to happen everywhere at the same time, it will happen sooner in the developed countries, but in poorer countries cash will keep on existing so a possible solution for some time will be if you live in a cashless society is to buy cash from other countries and then use that cash to buy bitcoin and once you have it you can use the same channels as before to buy stuff with bitcoin like purse.io. I agree with you on that, the fact that majority of the world's population are still living in poverty, they are not subject for a change in the future as they will still continue with the old ways. That poverty is really a problem that can't be wiped out from a century ago until now or even longer and it means that waiting until poverty cleared is such a waste of time. Technology must be developed with the cheapest possible to make those poor people could afford the technologies thus they can be getting involved into cashless society |
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Give or take we all spend money one way or another. Was is fiat or bitcoin we at the end spend it for something. Bigger issues is that sometimes you have bitcoin and you need cash fast takes days to serve all out, but this is something i hope it will be resolved in near future for all to pay/spend bitcoin/fiat not you with cash only. I just hope that i will live to see this happening.
Yea most hope for that to happen that we dont need to exchange btc to fiat and that we can do every day shopping with btc. And true we have to exchange btc to spend it I think maybe bitcoin will be more mainstream before we get a solution. And if more people prefer bitcoin to cash? then cash will die for sure. The fact that most of the bitcoin users when they need to buy stuff or in need of something in real life always convert their bitcoin to cash. If bitcoin users still keeping up this tradition then cash will not go to die and impossible to die. Although the government will not give up on defending their local currency easily so there may exist some prevention |
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Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.
Some people just prefer bitcoin over fiat simply because it is way easier to get bitcoin and to earn it the real money, from my own experience I have tried to earn some cash from the internet but with no luck. Until I found out about bitcoin, it is true that I cannot live without fiat because it is what the world is used to , but using bitcoin is a much profitable than using my local fiat. I don't think earning bitcoin is easier than fiat, I think what happens is there are a lot of restrictions to earn fiat that simply don't exist in the bitcoin world, if you want to earn fiat you will probably need a paypal account and you will need to verify your identity at some point to paypal and whatever website you are using to earn money, in bitcoin there is nothing like that. Yes restrictions are there it will take some time to verify, but it's safe money. We can use that money easily no one will ask any question. But Bitcoin transaction is very tough you can not make any legal transaction through bitcoin. It's not possible. Yes, people are using this bitcoin for an illegal purpose, but this bitcoin become very popular because of this illegal activity(gambling). I think that not every country prohibit gambling activities or even banned it and consider it as an illegal activity so, it's not suited well to consider gambling as an illegal activity based on "few" region which banned it So your supposition that illegal activity is making bitcoin very popular is not fully right. However bitcoin popular because of many factors and as far as I know most people interested to be bitcoin users due to its volatility that can bring them good profit if they can manage |
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bitcoin is strong and had a powerful network of many nodes .governments will try their best to crush bitcoin system some for their selfishness and some for their narrow mind but it will effect on us but if we seffer that then we will be at mainstream
I think they are not interested to crush bitcoin system.. instead they will accept bitcoin in their community for getting a more tax.. Governments are corrupt and they will make a way to get more money to us.. If bitcoin were accepted by the governments I think the tax will remain the same or a little bit higher(If people becoming more consumptive due to the acceptance of bitcoin ) because basically when people are going to buy stuff with bitcoin the governments can't directly taxing it but through some sort of merchants or even taxing the company so it's the same when people are buying things with fiat or when bitcoin users exchanging their bitcoin to fiat, won't make any big difference |
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If you have skill you can create HYIP website (website designer) then you can earn money from it. It defends upon to your settings. If you like to double your bitcoin during the set of your time go for it. As far I know many investors know about the rules and principles of HYIP website so do not worry just go for your good. The house is always win.
Your advice is like telling "You can scam and steal money from people by creating another shitty HYIP" and keep in mind that anyone who participated into HYIP most of them are getting lured by referrals hunters whose life are to make people getting scammed in every HYIP and repeating its shitty life cycle for the sake of few cents from every new HYIP created |
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Once blockchain.info had been hacked if the hackers were owning the data which includes all the private key then you're done but you still have the time to send the bitcoin from your address to the newest one by submitting your private key to another wallet and then you will own your address back, as long as you're faster than the hacker because the bitcoins were distributed into many addresses and unlike exchangers which centralize their bitcoins into one wallet called hot wallet so the hackers will have inconvenience regarding to how they can steal the whole bitcoin inside the private key they have owned from the database CMIIW
and about password, even if you have such a super strong password but if the hackers were owning the database containing list of users' password and without any encryption by the blockchain.info themselves then whether your password was strong or not it really doesn't matter, your password will more likely to be leaked or revealed easily from the database
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Most altcoins are garbage, but there are a few that did advance the blockchain technologies and made us better understanding the cybercurrency. Yet none will ever getting close to bitcoin.
Some of them only but it's easy to spot the legitimate altcoins, you have to make sure you invest in a big funded ICO and altcoins that has a good roadmap. Big funded ICO doesn't really guarantee that the project will be a success and bring you decent profit in the future. I've seen so damn many ICO project out there which could only gain about less than hundreds of bitcoin but the project was successfully launched and even after the ICO were done the price of those coins still rising. It's depend on how the devs could make up its popularity |
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Even if it is an indirect use of Bitcoin, it's still good news. Bitcoin could be behind the scenes as a means of transferring money in many ways.
I guess in this case people don't really care whether it's indirect or direct use of bitcoin but they just care about how they could pay off a cup of coffee in Starbucks by using bitcoin and make their bitcoin have an additional function even a little. In other words, it's matter drink and when people drinking they don't give attention to the blockchain system |
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This is the 3 ways i know when you want to grow your bitcoins
* Trading
* Investment
* Investing in Lending
And this the 3 ways how to lose all your bitcoins
* Gambling
* Greedy decision on investing on ICO's
* HYIP Investment
Those 3 ways of growing and losing bitcoin is based on my experience and i hope that it can help you to make better decision on choosing where will you invest your bitcoins.
Gambling and trading should be considered as a mean of lose and growing bitcoin , they both have risks , but gambling has more risks then trading , the bigger the risk the bigger the wine , there is no fast way to getting rich , if you want bitcoin you have to work for it , learn a skill and offer your services for bitcoin , or join a signature campaign and work you rank up so you grow more bitcoin Assuming that you actually have experience when it comes to trading, it is incredibly easy to make a lot of money off of it and watching trends. Again, that comes down to experience. if you don't have the experience then it is incredibly more difficult for a decent profit to be made. A lot of forex experience can translate very well into the cryptocurrency market, so I expect some riskier investors to be using altcoin trading a fair amount. Well, as I've heard from many of forex traders saying that cryptocurrencies trading is far easier than forex trading so, I guess they could maximise their potential in gaining the profit But in my opinion that the fact is both actually have the same level of difficulties thus people can't that easily making a profit as for some prove that those forex traders didn't instantly rich when it comes to crypto trading |
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In many ways, Yes it is. Way better than Paypal. The main advantage is that Bitcoin is not a company as Paypal is. Paypal does whatever it wants, takes a lot of fees, chargeback process is hectic and service is pathetic.  They're charging a lot of fees to pay their employees, having profit, and paying taxes to their government. it's not a non-profit company that works for charities, they're building this company in order to get profit So, they must charge pretty high fees otherwise, they will bankrupt if they don't. That does make sense why paypal is charging pretty high fees if you compare to bitcoin which is definitely not a company |
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