It is possible to re-enroll or do I have to wait until after payments?
This time you don t need to re- enroll. You will be automatically enrolled. Said by marco That's great. But hope marco will confirm |
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The whole purpose of blockchain is to support decentralised consensus. You don't need a blockchain if your currency is centralised and controlled by you.
We're getting dangerously close to centralized mining already. Why not run with that concept and try to make it work to your advantage with the full power of the US government behind you? The fact that there are few major pools doesn't mean we're centralised. Key difference is anyone is free to mine, or start own pool, or switch to other pool (if you're mining). Why run with concept of centralised, government cryptocurrency if we already have USD, what would be the difference? |
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Could it be possible that the "US government", aka The Fed (notice I put the word government in quotes to denote sarcasm), would create its own digital currency in many ways like Bitcoin with the exception that instead of decentralized miners controlling the block chain, it was controlled centrally by "the government". They could charge a fee for all transactions, aka a tax, and they would own and distribute all newly mined coins into existence. They would have a paper trail of every digital coin in existence and where it went. Would the people accept it? Of course they wouldn't have a choice, though, would they?
Does this give them any kind of advantage? Sort of a "if you can't beat them join them, and then beat them at their own game" kind of a strategy? Would this eliminate the need for local banks and give them ultimate control of the currency? Is there any possibility that they could try to implement something like this over the current system they have created?
There would always be a need for lenders so banks wouldn't go away. But banking, in the traditional sense of storing your money for you, would have to change. The biggest concern would be defaults of those loans but the central bank, with its ability to create more of the digital currency, would be there to save the day.
Then again, how different is this from the current model anyway?
Discuss....
The whole purpose of blockchain is to support decentralised consensus. You don't need a blockchain if your currency is centralised and controlled by you. None of the governments would be happy if every tx was recorded on the public ledger. I do think that in future (when current monetary system collapse) they'll be forced to create some more transparent model, with clear new money issuance rules, but they won't copy bitcoin. |
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I've never heard of OneCoin before, but the only value this coin have is satirical value. https://bitcointalk.org/index.php?topic=878946.0It's poorly crafted scam, nothing more. They didn't even bother to create any coin, no algorithm, no specs whatsoever... I couldn't point any warning signs in this case, as all this 'project' is one big warning sign and there's everything wrong with this 'coin'. Dumbed down advise: Don't touch this shit with a ten-foot pole and don't waste another second on it or similar scams. The era of investing in new altcoins is dying, you won't make any money this way. |
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If that is possible it can go to 0 do I still have 1 bitcoin valued at nothing but that would just go back up when the market price/value goes up or is it a case that if it can go to 0, that bitcoin vanishes and even if it went to 1,000 a day later I no longer have a bitcoin?
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This: 1 BTC will always = 1BTC, regardless of whether it's worth $0 or $10,000/coin
Bitcoin is not tied to USD, so even if the price touches zero - no, your bitcoin will not vanish |
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...and the police dont steal your money unless you have done something wrong and they can prove that  Wrong. If you have a large amount in cash, that's a proof on itself (for authorities) that it may come from illegal activities. It can be seized and you'll have to prove it was legit to get it back. 'Innocent until proven guilty' doesn't work in this case. Here's some random article about the subject: http://edition.cnn.com/2015/01/21/us/asset-seizures/we dont all live in murica ...........  Sure, but it's similar in the UK and in other 'western' countries. |
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He has his own bitcoin, didn't need mine, and I'm not looking to increase or decrease my stash at the moment. Just found him someone to do a deal with so I'm not in the picture (I don't know either party personally), plus I'm in Thailand, so don't want to get wrapped up in potential issues of being a money exchanger being a foreigner without a work permit.
Given a day or so, he can set up mobile internet there and be self sufficient, but he was looking for a result today. He wasn't anticipating any ATM problems so didn't have much of anything tradable in his pocket wallet.
OK, thanks for clarifying. So long story short - he solved his Visa problem by selling his bitcoins for cash. |
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...and the police dont steal your money unless you have done something wrong and they can prove that Wrong. If you have a large amount in cash, that's a proof on itself (for authorities) that it may come from illegal activities. It can be seized and you'll have to prove it was legit to get it back. 'Innocent until proven guilty' doesn't work in this case. Here's some random article about the subject: http://edition.cnn.com/2015/01/21/us/asset-seizures/ |
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Why didn't you guys just send him the BTC yourselves and cut out the localbitcoins merchant (and WU....)?
Sounds like he got a pretty bad deal IMO.
+1 The story doesn't quite add up. @OP, was the goal to send bitcoins to your friend, or to send him some cash using bitcoin for transfer? |
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When you are drunk don't even think about touching your money - of any kind.
Nah, that's overreacting. How are you going to pay for a taxi after a night-out?
If i can buy bitcoin using credit card at cex.io, why can't some mining contract companies create the same facility for selling mining contracts? The information is just an assumption as i try to comprehend what actually went wrong
You have it stated outright (tx id is in the first post) and everything is explained in the following posts, you would know that if you did bother to briefly read through them. |
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the site is not working. only ba thing about this site, is like i said op is not responsive.
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If you check previous posts, you'll notice that OP always responds to queries. Just don't expect him to be on the forum 24/7. It's not a first time this happens, so let's not panic just yet Hopefully, they'll get this fixed permanently as they said some time ago:
Really sorry for the inconvenience caused, this is a connection issue from our server provider.
This issue will be our current number one priority, we might have to move / upgrade our server to a better one.
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I want Multibit owner to give back btc to all members who have problems . are 850 $ i this fake error and all of this are money from multibit members. I want him to answer me and give a solution .
Multibit error take my btc , i want my btc back .
I want btc owner to respond my message and give a solution.
I will post any every forum about this bug and how btc owners dont want to resolve it .
If you have any technical issues, you'd be better off by just politely asking for advise. Good luck getting help with that attitude. |
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Watch out guys, some Russians are sending fake links to a new Multibit wallet. http://imgur.com/NQKVayQFirst of all Multibit is .org not .com, then always watch the headers details of suspicious emails. As you can see was sent from a RU servers and nothing related with Multibit. Then a wallet company never will send you the link directly to a download. So checking multibit.com goes to a fake page. Always make updates from the original page NOT EMAIL FROM LINKS! Thanks for the heads up and for posting this in the 'main' board. It's useful as many of multibit users (including myself) don't check 'multibit' board too often. |
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As I said, the company is Cloud Mining Website. Their website is www.cloudmining.website. They do not have a place to type the amount. Then I would not have been trapped like this. They have 2 drop down. One from 1-9 another from 10 Ghs to 10 Ths. As far as I can remember, I selected 2 correctly, but instead of 10 Ghs, I selected 10 Ths before clicking on order button. Hence the current problem. Ok. I think I understand your problem. You must have a credit card linked to your cloudmining account. As you tried to make payment, you accidentally selected another premium option which requires you to pay more. Hence the funds amount to 20btc which get sourced from your credit card. You have two way. Immediately call up the website and told them you want to cancel as it was not your intention to get the package. Or, get advice from your credit card company on how to proceed further with this. I'm sorry this happened to you. Lol. What? Since when you can use credit card to pay in bitcoins? Read the previous posts, OP posted blockchain tx id. He already contacted customer support and is waiting for decision. |
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Your bank account can be seized just for spending less than you earn over 10 years.
Luckily, not all countries are that insane.
In Canada, it is merely suspicious (but not illegal).
That doesn't make sense. Did you mean 'spending more'? If you have more than $10,000 in your account from smaller payments, that is considered structuring. I don't understand how you can accumulate such a sum by spending more than you earn. OK, I just didn't get how this sentence is in any way related to structuring: "Your bank account can be seized just for spending less than you earn over 10 years." Doesn't make sense on its own... Anyway, I see your point now, so never mind. |
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Show proof of your order to us not the blockchain transaction. Everybody can just can copy any transaction and open a story here. We are not dumb enough to just belive of what people say. Screenshot the order from the website
His order is real, Cloud Mining Company acknowledged his refund request: http://forum.cloudmining.website/viewtopic.php?f=3&t=42But, as Kotwica666 mentioned above, it might be just PR stunt pulled by CMC themselves. |
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Of course he'll be refunded. Newbie "accidentally" orders 1000x too much, then somehow doesnt notice he is sending 20BTC.
Likely story.
Wont take long before CWS "proves" how honest they are.
That's a likely scenario, it would be nice PR stunt. But if that's the case I don't know why they keep him waiting for 'management decision', that doesn't make them look good. He bought by mistake, they acknowledge that he's eligible for refund: Thank you for providing the details. As I can see, there is no mining payout made so far against your order. We can not refund a order if mining payout begins. But, in your case, it has not yet started. I need to discuss this issue with the management. In the mean time your payout may begin. So, can I dissociate your order mapping from the mining block ? and yet they need management discussion. Seems like they're trying to buy more time. |
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I have an email on shedule for sending if I stay inactive for several months (aka dead), the email contains details like location and keys for a pendrive wallet, the pendrive is useless without the email and so is the email without the pendrive, I have yet to find a better way.
What if your email gets compromised and they steal your drive and bitcoins on it? I see one of the two happening, but the two by the same agent is very unlikely, any way I rather 'risk' 50% of my holdings than just die and take everything with me, I dont really think much about it, I'm still in my 20s. Isn't it better to include the flashdrive with your will when you are becoming old and not feeling very well any more? If you're old or not well and you're on the stage when you starting to think what happens after you die, then there's plenty of actions you can take. But this thread is more about the solutions that prevent losing BTC in case of sudden, unexpected death. |
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