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Now that US citizens are on the wrong end what is the best way to buy online if we dont want to use shady coinbase, etc.
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People all over the world have been saving gold for its high value.Also,it could be used as an ornament,a symbol of status.It could be sold out for cash in desperate need for money.It has been saved for centuries.But now people have found another asset,digital gold,which is bitcoin.It has given huge returns to its investors.Since it works on a safe block chain system,investments are safe.Also,it could be immediately sold for cash.
That's assuming had right buyer, right now even localbitcoins has huge problems in dealing with disputes |
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Are you asking what the volume of bitcoin transactions are for illegal activities/goods/services vs. legal activities/goods/services?
Not all transactions on the black market are for illegal goods and services, it's just that the black market is conducted outside the formal, regulated market place...which in itself is illegal.
There's nothing about the black market that implies "greater use of bitcoin". So a starting point could be understanding what percentage of total transactions are done through bitcoin and then applying that percentage to estimates of the black market transaction volume or revenue volume size. That's just the starting. Then let's say we believe that bitcoin is twice as likely to be used in a black market transaction than in a formal market transaction, we then up the percentage share by 2x and it gets us a closer estimate of how much the black market transactions are conducted in bitcoin.
If this rationale is in line with the answers you're trying to come up with, let me know and I'll help you find the numbers to start putting real thought behind the answers. The first step is getting very clear with what question you're trying to solve for.
Yes ty, that was what i was asking. In a sense yes it is hard to figure out the black market but I remember Pablo Escobar at one point being on the Forbes 100 wealthiest in the world using analysis somehow of seizures to estimates of product being moved to equity Escobar had that were legitimate, etc. |
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.04
amount repaid
.05 (3-7 days)
collateral: this account, or (not sure i this points), selfie containing ID (written username and time)
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as compared to paypal?
thoughts?
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paypal is a service as old as time itself.. bitcoin is a whole new type of currency and idea
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So recently my wallet along with my passport was stolen, I've made tons of tickets and got a little upset so I told them to speak to my lawyer referring the claims i made against identity fraud (including witnesses in workplace and an advance my boss gave me BECAUSE of said fraud).. since the user: https://localbitcoins.com/accounts/profile/boody11096/was the the seller of the person who stole my identity (may even be him may not be) he posted fraud against me since I was the one who put the fraud claim on my wellsfargo account and whoever had passport used it to purchase btw. (he had access to everything). then apparently hacked my gmail/paypal accounts and used it to pay for btc. I immediately saw what was happening and cancelled my card. The only legit payments I've made are all with cash, verified by bank and using another temp license I had before my old one was stupid. I have proof of all of this from the claims to wellsfargo, doctor's office visit and even an advance from my employer during that time as well as multiple witnesses who saw the turmoil this put on my life. I told LBC to confirm via the bank, doctor's offices, etc but all i got was the same amount: before we proceed further we need need your picture id, selfie, blah blah. WTF is that going to prove without them calling the bank? |
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depends what you mean by legal.. australian, swiss and china have already legalized it
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This LBC thingis ridiculous and through just benefitof the doubt any donation of $1/btc or more will be posted to form. Any donation of $20 or more and i'll have PP of variables you want analyzed, options, presentation, whole 9 yards. My legal and political acumen are also fairly high (self-taught) only with working with M.D's all day (neurosurgeon, endo, ID)
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Armory by far right? Everything else is wrong if the Q is "which wallet MOST secure".
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yea but think about sample size though, thats why people with real equity (300k+ is top income bracket i believe) are always super cautious, and it gets steeper the higher up you go as wealth is relative.
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what % of entire market of btc is black market compared to % of fiat market vs black
sounds if confusing but trying to do graphical analysis of different variables and their effect on market prices
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so cloud mining can? someone please refer me to some links? i would just share my CPU/GPU and bandwidth through a cloud then?
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so far i've seen no real fiscal policy, conflicting statements from federal bodies and only 1 ongoing court case in the US about how legal protections will be handled.
thoughts anyone?
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Op, while you have awesome job of analyzing concept of bitcoin price, and its growth, you have forget about one major factor.
Random worlds events and internal bitcoin problems - these two seem to be key force influences bitcoin price.
Like that dip/correctlion/crash from 3 days ago, when investors panicked at the very first sign of internal scaling dispute among mining pools.
but effects of these "random events" have always been short. for example the latest panic sell ended as fast as it started. or as an older example i remember all the halvening hype and the big rise of that time followed by a very similar drop like this recent one. and again that lasted very short. so it must be something else that is driving bitcoin price. like the growing demand. and as Torque said it is getting easier to buy bitcoin these days with all these services such as Coinbase which only need one click! their not random btw, and while I'd love to share more I'm currently using this as a sample of a service I can provide (systems analysist/multi-disciplinary approach) There is strong evidence of the sharp rise of btc price and current ongoing US legislation (federal appeals on plaintiff vs state, overreach of executive state power) as well one other variable that is strong in it's correlation as far as the dating goes and would love to give more of my thoughts but that takes real work and honestly not worth my time atm. Thanks for the advice/criticms/support though everyone. |
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anyone? i'm currently working on looking up trends in rise/growth of btc vs court case(worldwide) decisions of fiscal policy, PR release dates, innovations in tech, basically any pattern/graphical analysis an analyst that could as reliably as possible predict good times to move/sell stock. Sorry if first post was overzealous, I want to do this for the good for the community at large and have done so by providing input on this forum and could do it at a reasonable rate of $10 in BTC/per hour of work or whatever donation anyone can throw my way. Current sample of my analysis best seen in this thread: https://bitcointalk.org/index.php?topic=1971052.msg19639228#msg19639228 |
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if what cafu said was true about the ability of btc's algorithm to completely change or modify via this "fork" then what is the point of using altcoins at all if u have the capital to dump into btc? A hard fork sounds simple (it's simply a software update with incompatibilities respect to older versions) but in the case of Bitcoin it is a complex operation, because the Bitcoin community itself is complex and there are many views and interests, some of them conflicting. Take the current Segwit "war", for example. We have had a stalemate over two years because two groups (some developers and some big mining pools) could not agree on the way to update the software. So I think there will be much space for altcoins trying out things that are controversial or experimental. In this case, if the altcoin proves to be better than Bitcoin, it could attract a part of the users and the ecosystem (businesses, merchants etc.). And then the possibility of a "takeover" and a declining usage (and as a consequence, price/value) of Bitcoin itself does exist. also yes exponential growth on an infinite timescale ofc is impossible but over lets say a 10-20 or even 50 year sample size what would really slow down the overall long-term trend in growth if you can still assume my basic assumptions. 1. The people who know and use bitcoin will only go up
2. Bitcoin's foundation and core design principle of blockchain only improve and the public's understanding of how it works will only improve while you are spot on about the possibility of these negative feedback cycles wouldn't these cycles either decrease or even possibly be NON-EXIST once better exchanges, more consumer friendly regulation, legal framework are finalized and then perfected over time? It's definitively possible that there won't be negative cycles in this case. But here you are already assuming a best-case scenario. Legal framework, for example, can get worse or more complicated because of interest conflicts in governments (cryptocurrencies put in danger some of the business models of banks, but governments have often close ties to banks). But the worst scenario for Bitcoin would be a better technology that makes it obsolete. It could be another cryptocurrency with better scaling, less environmental cost etc., or - even worse, because then no hard fork is possible - a new currency system based on complete unknown technology (e.g. artificial intelligence?) or even an economic system which works in other ways than current "money", which is a pretty simple tool. I just don't see how human beings would stop innovating, [...]. Now with AI making philosophers re-defining/re-thinking the term "sentience" and "self-awareness" as well as theories such as https://en.wikipedia.org/wiki/Flynn_effect being better understood I don't see BTC being replaced anytime soon especially if the algorithm is as adaptive as that one user said it was. I am also relatively optimistic about innovation, but Bitcoin's scaling problems have shown that there could be certain limits that could not be solved in the next 10 or 20 years if we don't want to sacrifice decentralization. Also this doesn't even take into effect breakthroughs that we've seen throughout history that have led to massive betterment of living conditions for everyone in the world. This "betterment of living conditions" is an interesting point: What if many of the basic needs of humanity can be solved without any intervention of money - e.g. if food after further technology advances being so cheap to produce that its basically costless? What would be the price of Bitcoin if that scenario applies to more fields, e.g. housing? But even if Bitcoin would crash in this scenario, wouldn't it be a better world than today? That are all complex questions, but that is the reason why I don't think we can now predict that Bitcoin will grow forever, or even for the next 20 years. I for myself am pretty bullish for cryptocurrencies for the next 5-10 years - in part, because of the mechanisms you cite in your theory, e.g. better knowledge - but I can't predict what will happen in the long term. There are too much variables. Not next 20 no.. and I do admit this is the optimistic view here. But next 2-3 I do see a sizable potential of honest IT guys out there or just interested parties who just want to say screw you to traditional methods of investing and take up this as a hobby. The trouble is theres not enough sample size yet to internet anything since the idea and currencies are so new and no real legal framework is in place for ANY type of consistent/robust regulation. It's still a niche market I'm interested in and think people turn to more and more as faith in government and big banks decline. hell if anything this can serve as a kind of checks and balances system VS market rigging as consumers now have more options in putting their investments in. So I take it you then agree with Ray Kurzweil's view that "while futures trading is only bound to increase I just don't think we've found the right algorithm". |
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right but now these "price corrections" are at around $100-300, a lot of small-time traders can live off that by simply being opportunistic. I wonder what will happen once these corrections occur at 1k-2k fiat intervals, or even 2k-4k? At some point a sharp curve like we recently saw in growth but with fiat hyperinflation?
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long-term it's a solid type of investment (federal IRS law currently actually has BTC under "property" as their tax code), short-term its good for people who like to play the short term volatility of the market and gamblers
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Also aren't cash deposits non-reversable? I read the guidelines and all i got were these 4 rules
1. Altcoin (LTC, NMC, FTC, etc.) trades belong in Marketplace (Altcoins). However, if the trade involves bitcoin (ie. Buying Bitcoins and cows), it can stay.
2. Do not have more than one active sales topic. If you need more visibility, you can bump your thread every 24 hours.
Rules inherited from Marketplace:
3. Insert a [CLOSED] tag to the subject line when your offer is no more open.
4. Bumps are limited to once per day (24 hours), yes this includes "updates", that's what the edit button is for. Old bumps should be deleted as they serve no purpose, and only clutter up topics and make it more annoying to read.
Then clearly stickied at the top of the forum reads "BEWARE OF USING PAYPAL OR REVERSABLE METHODS OF PAYMENT"
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