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The additional money that people receive when they stake a PoS coin is almost always from transaction fees, although sometimes it can be from outright inflation. When it is the former the overall money supply will remain constant and people will have an incentive to hoard their coin, however when it is the later there is zero advantage to holding the coin as the total value of your holdings will remain constant at best while you simply have a larger number of coins in your possession
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If you earn money in bitcoin and do not convert such bitcoin to fiat you will owe income taxes on this income based on then current exchange rates, however they will not accept bitcoin as payment, you will need to either convert a portion of your bitcoin to fiat or use existing fiat to pay for your taxes
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I don't see what Christmas has to do with anything. There is no reason that xmas should or would affect the price of bitcoin.
The price of bitcoin has been trading in a similar trading range for several months now and it is not surprising that the price has fallen to ~300 and then rebounded
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By production USA is not even number two, its really subject to upset if it was not able to import as now. USA is #1 in food production potential ? factors like that make me think we dont see a total melt down whatever does happen
Russia has problems with declining population, its not especially productive even in oil and gas it lacks innovation that USA could boast of. Yes by pure numbers Russia has alot but so does Canada, it doesnt equate to productive capacity if the cost becomes too high and for oil exploration and extraction they use foreign workers and technology to make best use. They are exporters of the raw product but as we see now that can be a weakness because its the middle east who have the very easiest lowest costs. Russia needs the world, I dont think they are near to number two and by people its not the force it once was.
China has people but also in decline, again I think they do need world trade to make the best. In gold they are top in production but sorely lacking in actual reserves still, they refuse to disclose an accurate measure. Mostly I think this allows them to buy at a lower price, generally China is interested in acquiring not just the product but various commidity resources across the globe. One I used to own, produces at cost 1600 an ounce but thats still cheap enough for them to buy apparently; of course at a distressed price and they can idle till true demand is shown is my guess
Ironically USA has growing population and various positives. It also has the highest gold reserves and some production but its debt is so overwhelming (and ongoing tax burden, deficit, red tape, etc) all the positives are overshadowed till its dealt with.
The US is primarily a service based economy so most of what it produces is services for others to consume. This does include the development of technology and things like IP which can easily be exported to other countries when appropriate. It has been a long time since the US has produced a large amount of goods (like the kinds of things that China tends to produce) |
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Heh, those numbers look pretty meaningless to me, 35% with this amount of hyperinflation around the world? They won't stand a chance.
This would be similar to the recent economic crisis in the US. Housing prices fell by an average of roughly 1/3 nationwide and by ~75% in several cities where house prices appreciated the most during the bubble. The unemployment rate was well over 10% in the US and the real unemployment rate once you factor in the fact that many people were taking part time jobs and jobs they were massively overqualified for was much higher. |
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0 taxes always end up in unciviliced shitholes, same as way too many taxes.
Not always. Some of the oil rich countries in the Middle East have no personal taxes. Some of them are great places to live and earn. This is only because the country has assets that they can and do sell to pay for the expenses related to running the country and to provide the kinds of services that government provides to it's citizens. There are few countries that are able to do this, and it is not realistic for any country to be able to do this infinitely as any asset is limited in quantity |
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You also get the benefit of receiving dividend income from owning visa stock, while you would likely need to spend some amount of money to keep your bitcoin investment secure
From a pure finance point of view, you will have to look at both dividend receipt and capital appreciation to get the total return. Return on capital is how you should judge which investment has fared better. Usually, if 2 companies have the same RoE, the Company with lower dividend payouts would be more tax efficient. In most jurisdictions, long term capital gains attracts lower tax than dividends. That is true. However dividends are money now while capital appreciation is potential money in the future. There are risks that both investments could eventually go to zero, but with dividends you would not lose everything You can mimic dividend payments even when an asset has only capital appreciation. Regularly sell small amounts of your assets (percentage equal to dividend yield that you want). The rest of the asset appreciates. So that way, you have 'money now' as well as potential gain (albeit lower than what you would get if you held the entire asset) in the future. The downside is people lack the discipline to systematically sell. It is easier for them when the company gives regular dividends. This would only work when the price increase is steady and constant. There is no investment that has a stable enough of a capital return investment for this to work. With a dividend payment you will receive funds regardless of where the price of the investment has gone recently, however with your strategy, you can only sell a small portion of your holdings when the price has appreciated recently. |
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The Dollar, the Euro and the Yen are losing value, more people understand that they need a global currency that they can trust, maybe Gold or Bitcoin?
Hahahahaha Dude. What was the price of Bitcoin January 1st, and what is it today? Are you blind? About 800$ on January 1st and 340$ now, nothing to worry about! It was about 14$ on January 1st 2013. Oil was as high as 107$ a barrel (for wti) this year and is now 55$, oil is not doomed  Supply/Demand... The only real reason why these two numbers are correlating is because there is less money generally flowing into speculative investments as the fed has stopped pouring massive amounts of money into the economy via QE. The prices of bitcoin and oil are not related over the long term |
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I can somewhat see google trying to start a new altcoin however I don't think it would have that great of an incremental advantage over other altcoins just because it was created by google because google would need to stay somewhat uninvolved once it is launched in order for it to remain decentralized.
I think this will be a good opportunity for other tech companies to see how well bitcoin can increase their profitability and to get a real world "test" for bitcoin
What they would do better is integrate their altcoin with all their services. Of course, nobody should have any expectations of privacy if they use an altcoin designed by google. Privacy is one of the major selling points to getting people to use bitcoin (and altcoins) if an alt designed by google, for google is not going to have privacy features (or has anti-privacy features) then it is unlikely that anyone will want to use it which means it will not have any value It is a trade off you make - between privacy and convenience. Using your facebook account to log in is terrible for privacy, but convenient. People still do it. Using a google altcoin would not be any more convenient then using bitcoin. Both would be easily spendable using a computer/smartphone. |
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Instant Bitcoin remittances are available to those not having a bank account, and the commissions are minimal if compared to most popular money transfer services.
It would help if we could know what the commissions are. The article doesn't specify it. A percentage number is always useful, to get an idea. There is no real reason to need to use their service to send money back "home" via bitcoin. All you need to do is buy bitcoin on an exchange then send it to an address that a family member controls in their home country then the family member can sell the bitcoin on an exchange and/or use it to buy goods/services |
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The new Bitcoin ETF could be a game changer when it comes online - Wall Street can throw $20B around like it's nothing. Case in point - GoPro
Right. The COIN EFT should certainly be overall positive for the price of bitcoin, although it will probably also somehwat centralize (more so) the holdings of bitcoin. The market cap of bitcoin stands at ~$4.3 billion right now and the price of bitcoin has increased by as much as 100x per year in the past so in theory this could happen inside of one year, however when you are dealing with this large of amounts, this rapid of a price increase is somewhat unrealistic |
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If i want to invest $25000 i would use the money to invest into my own account. What is the rational of giving money for someone to buy on your behalf when i can do it myself.
This is primarily for people who do not already own bitcoin and are new to it. Hedgeable is an investing firm, we manage people's money. The rationale is the same as anyone in America who goes to someone like an advisor to manage their money. The bitcoin is in addition to that. There are plenty of other ways that people can invest their money, and with more reputable companies. At current exchange rates, your "deal" works out to ~1.25% "bonus" if someone invested the minimum $25,000 investment, however your fees will likely eat up most if not all of that. Our fee on $25,000 would be 0.75% wrapped annually, which includes our management fee, custodial charges, trading costs, our live analytics platform, support, etc. This is somewhere around half of what you'd pay for a traditional managed account, and it would scale down much more with a higher asset size. We give you risk management and downside protection that you will not get anywhere else unless you are extremely wealthy or pay 2-and-20 fees. The return on the free bitcoin alone could certainly outpace our fee structure over an extended period. There is still the issue of being able to trust you. I really don't see any advantage in using your service over using second market bitcoin investment trust as the cost of both investments is essentially the same. Also for larger investors who invest more then in 25k minimum will end up with a negative return on their bonus as the bonus will be less then your "fee" |
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That's terrible news. He didn't do anything ethically wrong.
Throughout all this, I've been wondering how much he was actually complicit in the Silk Road stuff. Apparently he knew that btcking had something to do with the Silk Road, but was it just a bit of passing knowledge, or was he actually very purposefully trying to help btcking with money laundering? I'd feel better if it was the latter, since at least he'd have known the risks ahead of time.
The evidence presented by the government is unclear as to how much Charlie knew about BTCking's involvement in Silk road, although it seems to be pretty clear that he knew he was doing some kind of money laundering as he was telling his business partner that he was banning him from using his services while privately telling him to how circumvent his internal controls that were suppose to prevent him from being able to use his services. |
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I bet we'll look back in 10 years and call this the worst year (price-wise) for bitcoin. I think all subsequent years will be better than this one in terms of percentage raise or drop in a given year.
This year was an anomaly because of the MtGox Willie buying bot. We're just recovering from a big scam that's all. I think Karpeles caused more damage than most people realize.
The crisis of the bitcoin price certainly started with gox imploding but this was not entirely what caused bitcoin's price to do so poorly this year. IMO the price was pressured largely by the fact that many merchants were selling off their bitcoin they were receiving as revenue and few people are buying new bitcoin in order to pay for things at places like overstock. Once consumer adoption catches up with merchant adoption the price should rebound and stabilize |
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Ya, unless you took a screen capture or video of your account right before they shut down then it's pretty difficult to prove what you had at that moment.
In theory they have the accounts so they should know how much they owe. But making people jump through hoops works in their favor.
You should be able to submit an affidavit detailing the amount that you claim to be owed to you and gox can use their business records to validate such a claim. Needing some kind of actual proof is really only needed when the amount owed is in dispute (or when the fact that anything is owed is in dispute) |
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There are so many topics about bitcoin being dead and alts are the way to go, and these topics are mainly written by newbies. I interpret them as signals of a dying alt coin environment and alt coin developers are struggling with their pump and dump schemes, they have to sign up as newbies and spread FUD with unconvincing arguments.
lol. ALL THIS SHIT is dying. Better buy some ripple because that doesn't inflate with over 10% a year and eventually is the future of crypto because bitcoin can't hold the drink. Ripple is essentially controlled by a central authority and has many of the same risks as using services like paypal only that you also have exchange rate risks as well. The reason that you need to first buy bitcoin in order to buy altcoins is that the altcoins have no real value and no real use except speculation |
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I will answer this question with a few questions What was it like the first time you set up a checking account? How was your first experience with sending money via western union How easy was it to get your paypal account stated linked with your bank account and a bank debit/credit card? To be honest, compared to paypal I dont see why getting bitcoin started seems to be so complicated to a lot of people? It is actually easier than paypal, and takes a lot less time  I had my bitcoin stuff up and running (including my wallet) in less than 20 minutes. This. Buying bitcoin on an exchange for the first time is going to be very similar to opening a new bank account, as both of these are very similar in what you are getting and very similar as to the verification requirements. You do have options other then to buy bitcoin on an exchange, for example you can buy on LBC or can buy on the currency exchange section here (or in some other p2p way) |
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I invested and am invested in Bitcoin, because I personally know how it is to get screwed over by the existing banking, credit, and financial systems in place.
Whether it be getting declined for a loan with a major bank that I've banked with over a decade even an above average credit rating, or getting tacked on annual fees on my credit cards at a drop of a dime, continuously getting sent new Debit and Credit cards due to being "compromised" or someone trying to steal my identity....just a plethora of reasons.
Once I learned, read, and found out about Bitcoin, the light bulb lit up in my head, "This is the way money should be in this day and age." No interest rates, No APR's, No ARM's, No chargebacks, no fraudulent charges I have to dispute, no waiting 3-4 days for charges to go through, no credit scores, no ATM fees, no checking and savings fees....
I still have fiat and savings, but the percentage of my investments and net worth is sliding over to BTC at a rapid rate.
It seems like most of your complaints about the banking system revolve around your inability to get credit. You need to understand that credit is much tighter and much more expensive in the bitcoin economy then via traditional banking. If you are someone receiving bitcoin from selling things then you will benefit from things like the inability of your customers to initiate a fraudulent charge-back, however you will still need to work with customers to resolve any disputes otherwise your reputation will suffer when your customers take to social media to complain when they send you money but do not receive what they expect |
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bitcoin ATMs are a way for their operators to make money, just like the exchange operators make money from people trading bitcoin on their exchange. There is no reason for the operators of the ATM to not receive some kind of compensation for their services
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even still there are a lot of risks to holding either the Russian Rubble or the Ukrain currency as they are both doing very poorly as of recently, and signs point to likely further declines. Both declines have primarily happened in the past few months, with declines accelerating in recent weeks. |
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