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The thing that this person is not familiar with Bitcoin is not depending on fact that he's African. You can easily find people in Europe who have never heard of Bitcoin. Maybe we have prejudices about Africa and it's techical and Internet development and infrastructure but things are not that bad as it seems and more and more Africans are getting into Bitcoin world.
If my memory serves me well I've read somwhere that average number of smartphones per inhabitant in Africa is two.
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It will be more and more difficult to find reliable and legitimate service, like Xapo or similar, that will not ask for some kind of verification and ID documents. They are becoming more and more regulated by governments and if they want to continue their business legitimately they have to follow the rules. And verification of users is one of them.
Other option would be using some services that don't have such requests but you will not be protected and in more vulnerable for frauds and losses.
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Faucets are just waisting of time, even if you have lot of refferals. Clicking all day for nothing. It's not worth your time and effort, it's better to do some more clever and profitable job. All this faucet sites advertising that you can earn up to 0.1 BTC per day are just trying to attract users with false promises.
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I don't beleive that EU will bann Bitcoin or that it will become illegal. Despite the financial system attitude towards Bitcoin EU is just too much liberal to do something like this. They will regulate it some way, that is for sure, and this regulation will be valid for all EU countries, but Bitcoin will not be outside the law.
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If those transactions are recorded on blockchain then they are real and existing. But that is not so strange, these are also transactions from different companies, exchangers, payouts from mining etc. But I agree when you see those amounts you could easily get dizzy.  |
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If the price is stable for a while now that doesn't mean that it's stuck. Price is determined by many factors on Bitcoin market and its users and no matter how we would like to move the price up that doesn't go so easy. But I think that many users at the moment are just holding their coins waiting for some big price pump.
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Arbitrage trading could be profitable but the key for success is significant difference in prices among different exchangers, low fees and you have to act realy quick. But arbitrage is difficult these days and the profits are not that high.
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Bitcoin itself is a story of success. New revolutionary idea, new currency that became globaly accepted and recognized. For many people Bitcoin has offer the chance to succed, both personaly and professionaly. Some of us have taken that chance and made it real, some of us haven't.
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First of all Xapo is not only a wallet, they offer other services and business is regulated by different laws and regulations, like the one that reffers to anti-money laundering. If Xapo realy holds the coins there must be a serious reason for it, like violations of some rules and laws or problems with your ID and other documentation. I'm sure that if you contact the support they will clear up the situation.
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Government can't block the Bitcoin network but they can block or seize coins in your wallet if they are product of criminal activities. At least in some countries they have the authority to do so. But ISPs don't have this possibility. Anyway, all this could be done only on valid legal basis.
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I use both, Xapo and Blockchain and I'm satisfied with both. Maybe I could say that I find Xapo a bit safer, although that could be just a feeling. In Xapo you are backed up with your personal documents and verifications and in case of some troubles you have some legal basis and I feel protected. For Blockchain I think there is nothing you could do if someone steals or attacks your coins. But like I've said, this is mainly just personal feeling.
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Whatever they earn I think is not very much. None of this managers made the fortune, that is for sure. And they realy have a lot work to do if they want that everything goes on like it shoud. They have to manage all the data and payments, spend a lot of time online ad often deal with no so patient and resonable forum members. So, I'm sure they earn every satoshi they get.
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There are already similar topics here.
No matter bank or something else your Bitcoins are exposed to certain level of risk if you keep them on exchangers or online wallets. Banks have servers and systems that are also vulnereble and could be a target for hacking attacks so even if there were Bitcoin bank who could guarantee that it would be totaly secure.
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I think that we don't need to discard this idea at start. Of course that Bitcoin users have negative opinion when banks are mentioned because they probably think on traditional banking system that Bitcoin is total oposite to. I feel that too. But for Bitcoin bank we can use the best banking features and discard all the worst. I'm not saying that I'm 100% for Bitcoin bank but I'd like to say that this idea maybe could be more developed and adjusted to the Bitcoin.
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cryptoborrow.com is owned by Lee. He aggreed with me to open no competion site to btcpop on changing ownership. He lied all the time about everything. User balances was much higher than he said. Their was more shares created in the system. After founding out all those things we aggreed he send me at least the Altcoin wallets, he never did, i got some but that was corrupted and some i got because i had access to the old webserver and transfered them via rpc but i had to buy Altcoins for $30k+ to cover user balances. Late August he transfered the old ETH balances away and even stole micro deposits going to old addresses... He created fake accounts before changing ownership on btcpop with 220+ btc in fake balances what he tried to withdrawal after changing ownership. ( he got 29 out and made a payment of 27 btc on one of his now defaulted loans ). He cheated the ex owner of target sports. He didn't pay any bills. I still get emails addressed to him even payment reminders for amounts of $0.61 He was already in jail in the past: http://www.bexhillobserver.net/news/bexhill-dad-jailed-for-stealing-sex-toys-1-1396858And specialy this is funny: http://blendpop.com/cb/ - SQLSTATE[HY000] [2005] Unknown MySQL server host 'ardeva-cluster.cluster-cgxo1klmgwqv.us-east-1.rds.amazonaws.com' (0 blendpop is Lee's domain he developed that scam site their... Screenshotted that url for the case he deletes it. This is horrible! I couldn't imagine something like this is possible. And btcpop supposed to be respectable lending site. Some say even the best. So this person actualy tried to scam more users through this new site? Thank you for all this informations, to know to avoid it. Is there any honest lending website? And good luck! |
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Sorry, but this sound a bit phishy to me. Someone should verify with full personal data and credit card including CVV number. And who guarantees that you don't have access to this data (maybe you are administrating this site) and that you will not misuse the data?
And for possible data theft or misuse you will pay 10$?
Sorry, if this ofends you but there are so many scam attempts these days.
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Maybe some anonimous prepaid card could be solution? But I don't actualy know what do you mean by illegal, are they formaly banned and forbidden in some countries because of illegal content or what. Anyway, the best wo be to avoid such services because no matter of transaction method you could become the interest of law enforcement.
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Fiat currency is also private property so I don't see the reason why Bitcoin wouldn't be private property also. But this is not defined only by fact that you own it or that you har bought it but it should be determined by the law according tow strict defined criteria.
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Usualy yes. If I'm in company of people I know, friends and family I could openly talk about Bitcoin and promote it, discuss about new developments, achievements etc. If I'm in some unknown environment I will talk with more consideration, not because I would be afraid or something but I don't like to impose my opinion about something to anyone.
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From my point of view Bitcoin is better comparing to some traditional payment options because gives us independency from banks which no longer have insight in your finances, it's easy to make payments online and if you also have Bitcoin debit card you don't have any restrictions at all.
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