|
...
And completed a small BCH transaction to two different addresses successfully.
No time delay (I'm an impatient guy, my favorite words are "Now" and "Hurry up!").
The transaction took approx. 40 minutes. I contacted their support, and they showed me their transmission of my BCH back to me. I *speculate* that the longer than expected time might be due to the new format of BCH addresses (my destination BCH wallets were at blockchain.info), the new format of BCH addresses do not start with a "1" like BTC addresses (and recently BCH). It took some time after they sent the mixed BCH to me before blockchain.info picked it up.
(blockchain.info recently began supporting BCH -- "old format" addresses)
Since PrivCoin fixed their issue with more than one destination address, I have had two successful transactions and zero unsuccessful.
|
|
|
|
|
...
Today completed successfully a BTC trx to two addresses, no time delay.
Went very fast.
|
|
|
|
Я просто нашел предмет, который излагает приятное чтение (не то, что я согласен со всеми их мнениями). Это интересная статья; тебе понравится.
goodstvolab, don't keep us in suspense! What is the piece to which you refer that is so interesting? Also, what are your observations on Bitcoin and cryptos in Russia? |
|
|
|
That's interesting. Does anyone have any experience with them? Misspellings are kind of a put-off. |
|
|
|
|
...
My understanding is that exstasie is correct.
Our tax accountant has told me that as far as she knows it will be treated like other speculations, short-term and long-term capital gains.
Note that the IRS uses, at least somewhat, advanced software that can track BTC transactions, "Chainalysis" is one.
Smart (US) people will take note of when (and for what amount of FIAT$) they use to buy and sell BTC, and then to comply with the regulations.
|
|
|
|
As a general rule, unless your power rate is under $0.08/kwh all in, hosting is a better option.
OK, that's a nice hard number that I can use when I meet these guys. Thanks! |
|
|
|
|
...
CRED.me
Yeah, I am a believer in Armstrong more for his ideas than his specific predictions.
Agreed that it is hard to know how much his ideas are worth from the standpoint of any investors he might have (or subscriptions) and the fact that he does not publish his methodology.
It may be that we will just have to see. Time may tell. Perhaps more will be revealed.
|
|
|
|
Today is a great day to not get kidnapped! Each day we grow in popularity as more merchants accept alt coins. Investment options available as well https://www.privcoin.io/investing/Perhaps the thread would be interested to learn more re merchants who are now accepting ALTS! I would!  I have only used BTC with merchants, would be interested to learn about ones accepting BCH, LTC and Ether. |
|
|
|
The latter. The brightest or weirdest people got in early. The richest get in after them and buy from them. The donkeys will be last and the richest will feed it back to them in a way that makes them even richer.
Yeah, this I buy. There may be some re-distribution of wealth to smart & technologically oriented people who do not have much money, but my guess is that most of the profits seen so far benefit mainly already wealthy people. Barring the crazies who got in when BTC was under a dollar, smile. |
|
|
|
|
...
I have found a group of BTC guys here in my city, I hope to meet with them soon. One of them already has an ASIC miner that he got from South Korea (?, I did not know that Koreans made them), but he has not yet set it up. He said his associates want to start mining here in town (USA), and that they are looking at using 10 of these S Korean miners.
Since my knowledge of mining is very weak, I present some questions to this thread (maybe others would have similar):
-- I am guessing that US electricity costs more than other alternatives (Canada). I do not have specific figures for kW-hours for my city (nor any "wholesale rates", etc., it's also possible they can get their electricity for *free*). Would 10 machines w/ a good Internet connection and hooked into a pool likely make money in the USA nowadays?
-- I read at ZeroHedge that Winnipeg (Canada) has North America's lowest electricity costs (Montreal has N America's second lowest costs). I wonder at what (minimum) point it would be worthwhile to set up there in Canada (10 machines? 100?).
-- I heard a "Genuine Rumor" today that a lot of China's miners have recently put much of their mining equipment on ships for Canada. Apparently China is cracking down, and some/many of the pools are sending machines to Canada. Anyone who could confirm this rumor I thank.
Thanks!
|
|
|
|
|
...
It could happen that BTC might eventually die if they do not adapt to changing conditions.
But in the short term, I think BTC will stay on top as so many MERCHANTS accept it as payment, first mover advantage as noted above.
Other possibilities:
-- BTC might get lucky, and the BTC World come to a consensus to lower fees and speed up trx
-- BTC might retain its current role as "Store of Value" (like gold is in precious metals), other cryptos might take on the "Medium of Exchange" role if BTC fees stay too high.
-- BTC might die a slow death, perhaps a long & grinding bear market would signal this
|
|
|
|
As well as his blog, which publishes some three articles per day. Whether you like him (or believe him) or not, he discusses many issues that others will not. An example: https://www.armstrongeconomics.com/world-news/sovereign-debt-crisis/the-municipal-debt-crisis-begins/^^ Municipal debt is a problem in Germany, not just the USA. * * * realr0ach I got an airdrop of BCH which until recently was not supported by my wallets, but happily now is. I have a friend who really likes BCH (Bitcoin Cash), he has told me not to sell it nor trade it for BTC. And it is a hedge (or a diversification) of sorts, I now own a small amount of something other than Bitcoin. Note that very recently gold has been sneaking up in price while BTC has been unstable... |
|
|
|
|
...
I would be interested in other reports of *brand new* Bitcoin from miners being sold straight to buyers.
Yeah, I imagine that as a Reply above mentioned, one would have to offer the miner to buy all 12.5 BTC, and yeah, likely at SOME kind of premium.
Anyone with such experience, please let us know how to buy such "pristine" newly-mined Bitcoin.
|
|
|
|
Watch for a stock market tumble near q3 q4 this yr. Crypto may benefit.
Wagering on a stock collapse is too risky when they're trying to rig mass inflation: The r0ach report 30: Gold and silver unbelievers will soon believehttp://steemit.com/money/@r0achtheunsavory/the-r0ach-report-30-gold-and-silver-unbelievers-will-soon-believeThe combination of Trump tax plan (deficit spending into no bid bond market) + 1 trillion dollar infrastructure plan is either going to completely reverse the collapse in money velocity and ignite 1970's inflation to the moon, or the entire league of ivory tower, fraudulent economists will be completely bewildered that money velocity continues to collapse and do something like QE4 on top of that. Either way, they're going to force inflation somehow in the end no matter what and it's going to be yuge.
The metals market is already responding with people front running this right now:
The last time they did something like this, gold and silver both went up 10x in inflation adjusted dollars in the span of 8 years. I think this time the inflation might hit harder over a shorter time span (once they ever manage to get it started that is). If stocks collapse, all retirement funds collapse and the establishment gets overthrown by the boomercucks. Betting on stocks collapsing is probably not a good idea when they're clearly trying to engineer 1970's inflation to debase the unservicable debt + prop up the stock market.
In terms of metals price, gold should already be $2400-2600 or so right now when looking at gold to debt ratio charts. Silver would spike to around $75-85 when gold corrects there in current dollar purchasing power. Howerever, if they actually do ignite 70's inflation, the metals prices are going to go off the charts. Dont bet on it. Oops you probably already did. I'll just mention here that WAY back in the past I was convinced that the stock markets would crash (or at least decline) in October (this was six tries in eight years) so I bought S&P 500 PUTS. All six times I lost some or all of my money.Fortunately it was a small amount of money, but I learned that I do not gamble well (except for Bitcoin, I am way ahead, even got my initial "investment" back and quite a bit more -- all in gold). As I have mentioned to our friend there in the islands there off of SE Asia, I cannot predict the future well. And I believe that NO ONE can either (except well-connected insiders on occasion). Be careful should you try to bet the S&P goes way down in late 2018. Don't wager too much money on that. |
|
|
|
The majority of people don't use cryptos for a privacy purpose,. Sadly, most use them to speculate only. If you tell them about cryptography, blockchain they don't understand and don't give a fuck about it.
Those concerned with their privacy are using the anon coins but as the percentage of people isn't big, the market isn't big neither.
I believe this is going to change in 2-3 years and the anon coins will be more recognized and more used only when people will realize how their privacy has been taken over and what were the real reasons for creating Bitcoin
That is a very true, and a huge problem. If coins are not used, the whole ecosystem can be screwed. I love the anonymity
I like them too, however I was just talking generally with this thread. Anon coins aren't used that much by the majority of sheeple due to the lack of knowledge. Most of the people using anon coins are those that either have a need to do so for business reasons or are people that don't trust their governments. The rest of the sheeple that have come in this year are in just as a way to invest and view cryptos as an investment rather than currencies, the way they were supposed to be. Of course with Bitcoin being the most widely recognized coin out there that is what people are flocking to. I do believe that 2018 will see a different course of action, though there will be more coming in as well so will flock to what is well known.
Yeah I have noticed a lot of coins in 2017 have been building around privacy, and I think we might see a change into more private coins. I think the biggest issue with privacy is a large percentage of people think its only for criminals. No matter how many servers get hacked. They often hold an irrational thought that if there's nothing to hide there's no need for privacy. This will change but not anytime soon.
This is also a good point. Lots of people still think Bitcoin is only for hackers.
Most of the cryptocurrency users (especially newcomers) don't care about privacy or anonymity, they just want to invest in a crypto that garantees high profits in a short amount of time. People no longer care about the tech behind a cryptocurrency, except for those who have been in the crypto community for a long time, or those tech savvy people.
Also, in order for a privacy coin to grow exponentially, it needs investors, but it is very risky to invest in a altcoin that barely no one uses, that's why their market cap is low.
And we aren't stuck with Bitcoin since anyone can choose another crypto for privacy reasons (and there are a lot of better options) but it is too much of hazzle for the average joe to start reading about altcoins and try to find out which one of the +1300 cryptos provides the optimous level or privacy/anonymity. And when you find one, you discover that 'X' crypto doesn't have any real usage other than for trading or speculation.
That's why people choose Bitcoin, it offers more than fine levels of privacy, and it is the most popular cryptocurrency. Simple as that.
This is very true, I just wonder how long pushing it aside and sticking with bitcoin since "it is good enough" will last. If more people are educated around cryptocurrency and understand to invest in better coins with solid backgrounds, I still dont know if privacy would be a huge deal. If the majority of people dont care about it, then privacy coins that are specific, might not be the best choice. With some thought you can get "Pretty Good Anonymity" if you are careful (cautious) here in Bitcoinistan. The biggest problem re privacy IMO is that the Entrance & Exit Ramps can be easily monitored (buying something with BTC for example, well, they have to SHIP it to you...). Still: -- Bitcoin mixing -- Buying from localbitcoins and/or other places (many BTC ATMs in Europe do not require ID) -- Using TOR and/or VPN -- Getting a used laptop from a pawnshop and only using it at places (w/ wifi) where you normally do NOT go... There are other ways to run silent and run deep even with Bitcoin. Bitcoin is accepted by so many merchants that it is useful to have some BTC to buy something if necessary. |
|
|
|
|
...
Who knows? NO ONE has reliably predicted BTC’s price action.
I will *guess* that BTC will be range-bound, or even take a further 25% drop, all perfectly normal. Afterwards, my guess is $30,000 (end-year) with many hard bumps along the way.
I will look at some alts if I see any interesting technology that could I dimly understand. Diversification!
|
|
|
|
Personally I'm not surprised about this at all, countries want to know everything that their people are doing and they want to have as much information as possible, even though it is not really worth it and the information is useless for a majority of countries.
They always want to know where your money has gone and to who and where everything moves, and this means that they can stop or go after anyone that doesn't fit their worldview or what they want you to do. It really is economic totalitarianism.
And unfortunately that trend is continuing, if not accelerating. Privacy is hard to achieve now. |
|
|
|
... This happened very recently (today?), but I was happy to find a new BCH wallet service (a few weeks ago they started supporting ETN) there at blockchain.info along with some BCH already there. Now off to learn about BCH... |
|
|
|
... This happened very recently (today?), but I was happy to find a new BCH wallet service (a few weeks ago they started supporting ETN) there at blockchain.info along with some BCH already there. Now off to learn about BCH... |
|
|
|
|
Show Posts
