whose is reporting the whole profit?  there is no company is this world to do that. they will pay taxes. remember, BitStamp is one of the biggest exchangers.

also, look to the amount of the transactions they had last year and look to their fees. it's pretty easy to make a summary calculation.

Bitstamp is hacked. It's a fact. I think they can cover the loss from their HUGE profit they made last year IF they want that, of course  

There are rumors that their bank account is closing too.

where did you see the stats? i cant see it on the site 

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Anyways, so I just ordered and Antminer S5 and Cosair RM850 to get into mining this year(been only buying off coinbase and circle, but convinced now that mining is a good investment and just cool). Also me and a friend are working on a Bitcoin app, to monitor balances and eventually be a wallet.
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Leaderboard bro

Pavel, thank you for posting this.
As someone new to Crypto currencies, this is very valuable to be.
I printed it out and I'm planing to read if several times, right now it may still be a little over my head, but I have time learning :-)

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I imagine you'd have a large number of Bitcoin miners who would be seriously butthurt about PoS.  
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Hello all ,
Why people are happy about the prices drop
I ask a miner he said that he is happy too why ? his profile will drop also

I am so feeling cheated, I bought some bitcoins 3 days ago and damn what is this, I lost so much in just 3 days. I am now thinking of trading them to litecoin, is that feasible now? I probably should have gone for litecoin from start.

Not a huge deal if he's not saying how much he's investing...as long as he IS buying...end of the day whoever can buy will buy as much as they can afford to..

...The Bitcoin Foundation really should issue some kind of sign or logo that only approved and legit companies are allowed to use!

Weekend update guys

• Link to player's stats is now available, you can click username on the bet log or chat log
• Minor visual changes on the stats tab

2014 has been a monumental year for bitcoin in many respects.

Consumer adoption rose significantly and a host of retailers, including huge global corporations, decided to take the plunge into digital currency. What's more, regulators have started to reveal increased understanding of the technology and bitcoin's blockchain is widely being recognised as a truly innovative technology.

But it has not all been good news.

The February collapse of Mt Gox, then the largest bitcoin exchange, shone light on the importance of wallet security and led to the increased adoption of multi-signature technology over the course of 2014.

Furthermore, even though the bitcoin ecosystem has evolved in the right direction, scams still crop up on a regular basis.

Fraudulent exchanges and cloud mining services, phishing schemes, pump-and-dump and IPO scams, and more, are ongoing security risks that cryptocurrency users face everyday. This week alone, three cloud mining services appear to have gone bankrupt.

So how can you avoid scams in the bitcoin space? While there is no sure-fire way to protect your holdings against technical attacks like these, here are some cautionary measures that will be helpful, offered by security experts in the industry.

1. See if the company has been publicly audited

A proof-of-reserves cryptographic audit is a good way to publicly disclose bitcoin holdings in a verifiable manner. The process can assure customers that the company is financially able to deliver on its end of the business deal.

George Avetisov is the CEO of HyprKey, a startup aiming to protect digital currency users from fraud by utilizing its HYPR-3 three-factor authentication protocol.

He said:

“Oftentimes you'll encounter a bitcoin startup claiming to provide something ridiculous like military-grade multisig quantum computer absolute-zero cold storage, when in fact a quick background check on the company reveals that they have neither the funding nor the resources to ever maintain such exotic security.”

2. If possible, do your own background checks

If you’re not handing your money to an established company like BitPay, Circle or Coinbase, don’t give it to a company that keeps its development team anonymous or an exchange whose owners you can’t trace. Companies should publicly disclose their officers’ identities and be legally registered to operate.

Rodrigo Souza, who heads New York-based technology platform BlinkTrade recommends googling a company’s WHOIS information. It should show the name under whom the company is registered and how long it has been on the market.

“It pretty much is a scam if it’s private,” he said. “Honest companies don't hedge their domain in the private world.”


CEO of multisig wallet provider BitGo, Will O’Brien, advised looking to online forums like Bitcoin Talk or Reddit to get a feel for the situation at hand.

“There are many active forums on which users discuss known or suspected scams, and prospective buyers should familiarize themselves with those before making a purchase or investment,” he said. “It's also preferable to get in touch with someone at the company via phone, or better in person, wherever possible.”

3. Look for transparency and best business practices

Lack of transparency opens doors for scams or mismanagement. Hence, exchanges should be as transparent as possible and prove their solvency if they’re going to protect against a Mt Gox scenario.

Souza recommended that reputable companies do their part to help customers more easily recognize best business practices.

In an effort for transparency, companies should attach disclaimers at the end of their emails assuring the recipients, he said. These should spell out that the company would never (or minimally) request private information through email, so the customer never has to worry about phishing scams.

“We always put that in the footer of the emails and the bigger companies should start pushing for that,” he said.

4. Recognize if a 'scam' is just mismanagement

Scams imply malicious intent. It happens all too often that bitcoin businesses turn out incompetent and poorly managed. However, they may have no intention to scam their customers.

“The difference between these two is a fuzzy line,” said Olaf Carlson Wee, head of risk at Coinbase, “as an incompetent business can be even more dangerous than a straightforward scam.”

Souza further explained: “People confuse poor marketing skills and poor development skills with scammers. It’s not intentional, it’s incompetence.”

HyprKey's Avetisov said bitcoin’s still largely negative public reputation is largely to do with the amount of scamming that takes place “by businesses that promise consumers everything from mining hardware to cold storage, only to steal their users' funds.”

He added:

“I think that while the immediate threat to the growth of bitcoin is cyber fraud, the more broad inhibitor of bitcoin adoption is the lack of faith in the companies building out this infrastructure.”

5. Don’t underestimate common sense

If what you're seeing is too good to be true, it is very likely to be a scam. That’s an attitude consistent among industry security experts.

“When buying mining hardware, always be sure to get a delivery date from the merchant, and make sure the merchant has a registered physical location and many happy customers,” Wee said.

Cornell University researcher Emin Gün Sirer suggested that no company should be taken at face value, saying:

“Assume that every new business model in the bitcoin space is a scam unless proven otherwise. Assume that every well-intentioned implementation is broken at its core, unless it has been publicly audited. Do not trust your keys and private information to anyone.”

Having someone else hold your private keys for you is almost always a bad idea, he added, as the blockchain has no "account owners" and transactions cannot be reversed. Since keys are the sole authentication mechanism, he said, “anyone holding keys on your behalf has all of your unbridled powers”.

Avetisov said bitcoin novices tend to forget that the digital currency is irreversible and may be too quick to hand theirs over to a third party.

“My advice to any beginner dabbling in cryptocurrency would be to treat it as they would treat cold hard cash,” he said.

Don't miss our recap of the seven biggest crypto scandals of 2014.

1. Remember why you got into bitcoin in the first place

It's easy to get caught up in the day-to-day happenings in the industry and forget about the big picture. This could be demotivating and frustrating at times, but at the end of the day we have to remind ourselves that we're dedicating our time and energy towards one of the most exciting inventions of our time, and believe it or not, we're all (still) early adopters.

2. Don't measure bitcoin by its price

Of course the price of bitcoin is fundamental to its value, but it's not the only thing that makes bitcoin valuable. Regardless of its price, remember that bitcoin allows you to send money anywhere for next to nothing. Remember that millions of unbanked people around the world have the ability to manage their finances in a stable and secure way for the first time with bitcoin.

3. Try not to get caught up in the media hype – good or bad

Staying up-to-date with the latest in the industry is essential (and I wouldn't have a job if you didn't - so please do), but it's important to remember that while stories like Mt Gox imploding or Microsoft accepting bitcoin do have an effect on the industry, the most important thing with bitcoin is that its core technology stays secure and that people keep using the digital currency.

4. Keep doing your best work for the industry

Whether you work at a bitcoin startup, are building something on the blockchain in your down time or actively spread awareness of bitcoin, stay diligent about consistently doing your best work. This will benefit both you personally and the broader industry, and productivity pays off!

5. Learn more about how bitcoin works

Part of doing your best work for the industry involves being an expert on bitcoin and how it fits into the real world. Maybe you're a development expert but could devote more time to learning about finance and economics. Or perhaps you know everything about the legal system and how regulation works but ought to better understand how bitcoin works 'under the hood'. Either way, honing your expertise is a benefit both for you and for bitcoin.

6. Perfect your elevator pitch

It's important to be able to explain what bitcoin is and how it works in a (somewhat) brief amount of time. Friends, family and strangers will all be curious about this mystical digital currency and will have plenty of questions, so being prepared with a concise and understandable explanation will help you spread awareness in a productive way.

7. Convince others to get involved

Bitcoin is still a grassroots community. Many bitcoiners (myself included) are eager to spread the word about bitcoin to friends and family, and if you've followed resolution number six, you'll have the perfect pitch to spark your audience's interest.

8. Attend at least one bitcoin conference or meet-up

If you're not fortunate enough to have friends or family who love bitcoin as much as you, going to a conference or meet-up is a great way to meet others with the same passion as you and to network with people in the industry. Oftentimes meet-ups are a great place to share ideas with fellow entrepreneurs, so if you've got a business idea and are looking for co-founders, there's opportunity to be had.

9. Make an effort to spend bitcoin whenever possible

With daily transaction volume at or near its peak, spending bitcoin wherever possible will only help expand its economy, and paying with bitcoin helps reassure and support merchants who support the industry. It doesn't have to be a completely selfless action, though – there are plenty of times when paying with bitcoin is just easier than the alternatives.

10. Go outside your comfort zone

However it happens, we should all embrace change – especially considering the amount of change that bitcoin could bring. Whether you've always dreamed of leaving your job to get involved with bitcoin full-time or you've been hoping to connect with a VC or startup company, avoid complacency in your life. Make smart and well-informed decisions about everything you do, but still take calculated risks if you feel it's worth it, and go forth with your best foot forward.

Hi

I don't want to go through basic verification. Please tell me what to do now.?? Its a lengthy process and I don't have all the things to upload

Thanks

You are not required to have basic verification if you deposit crypto and withdraw crypto.
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Need leader board. 19 streak still the best 

You are not required to have basic verification if you deposit crypto and withdraw crypto.
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