Blockchain technology will be the saving grace for struggling Banks. The Banks quickly realized that Bitcoin was a disruptive force, so they adapted to the threat by developing their own centralized Blockchain based technologies. The R3 Blockchain consortium are working on a enterprise blockchain technology solution. They are building distributed applications on top of Corda (known as CorDapps) for usage across industries such as financial services, insurance, healthcare, trade finance, and digital assets. Source : https://en.m.wikipedia.org/wiki/R3_(company) You will soon see a host of Banking services using these technologies.
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In my country they regularly advertise competitions on TV that pay the prizes in Bitcoin. I think that is a better way to attract people's attention. Not everyone are smokers and non-smokers would not want to go into Tobacco shops to buy their bitcoins. The best way to get your bitcoins in towns and Malls will still be Bitcoin ATMs. It is actually very strange that we are not seeing more Bitcoin ATM companies advertising in mainstream television channels. Well, I am just glad that we are seeing more and more on-ramp access onto Bitcoin, even if it is only convenient for the smokers.
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One of the main reasons why companies are not accepting Bitcoin as a payment option is the accounting and auditing of their books. Most auditors do not know about Bitcoin, because they did not get that as part of their education and what they were taught are totally against what Bitcoin is. When we want to introduce Bitcoin to merchants, they have many questions about the legality and also how it would be integrated into their Point of sale systems. So there are definitely a lot of uncertainty and complexity that has to be addressed before merchants would be willing to accept Bitcoin directly. A lot of them like the convenience of using Payment processors, because they avoid the legal issues. (When they work with Payment processors, all bitcoins gets converted back to Fiat)
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Well if you bought in January when the price was at $3000, you would have more than doubled your initial investment capital and you do not find this very often with any other kind of investment. So, those pessimist that wants to point fingers at Bitcoin will have to swallow their pride and agree with us that Bitcoin is a good store of value. People look at the short term volatility and then they base their opinion on that, where they actually have to look at Bitcoin as a long-term investment. (forget for one moment that it is supposed to be a currency.)
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Well, we still have Cyber Monday for those people who have missed out. Someone gave some good advice in this thread, namely converting the Fiat that you would have spend into bitcoins and paying for the goods and services with bitcoins. You will not regret the "buy", because you just had that budget to use for that item or service. The problem come in when the merchant does not accept bitcoins, then you are forced to use the Fiat or credit card. Many people do not have a budget for Black Friday, they just pull out the credit card. (In a way, Bitcoin force you not to make more debt)
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I have never considered buying "things" with your bitcoins on Black Friday as a good choice, but I did change my mind today. Previously I thought it was a bad idea, because you might buy something for say 0.006453 ($50) today and a month after that the value of those coins might double or triple and you would regret paying for those goods and services with bitcoins. A friend of mine changed my mind, because he says we (The Bitcoiners of this world) must support the merchants that supports Bitcoin or they will simply stop supporting it and he says the Bitcoin price might plummet to $10/BTC and you would be glad that you spend it, whilst it was still valued a lot more. We have regular power failures in our area, so I decided.. f%^ it.. I am going to buy a UPS and a generator to protect my electronic devices and I bought these items at a local shop that supports Bitcoin payments. (I received a 65% discount on both items.) So, what did you buy and did you support our Bitcoin merchants?
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Why do you not use a web wallet for the receiving address and then before you transfer it to your hardware wallet, you just use a mixer service to destroy all links between your Youtube account and your hardware wallet. It would be the best option to accumulate a lot of donations or payments in the web wallet before you push it through the Mixer service, because you want to keep the fees paid for the mixing to a minimum. I regularly do that with coins I have to send to an exchange, because the KYC/AML regulations with these exchanges will also leave a tx history back to the source.
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I always do this, I even arranged with a local pub to host our weekly Bitcoin meetings and they started to accept Bitcoin as a result of that. We invited the owner to sit in with these meetings and he is now a avid Bitcoin supporter. We even get discounts when we pay with Bitcoin and his next plan is to accept Lighting Network payments. We helped him to setup his first wallet and we helped him to buy online with bitcoins. Now, a lot of shops in that area accept Bitcoin, because the people attending the meetups also went to these shops to ask them if they would be willing to accept Bitcoin as a payment option.
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Bitcoin does not need to be a currency for them to be able to tax it. If you sell a house and you make a profit of say $100 000, the government would take their share of the gains you made in the form of "Capital Gains" taxes. (Each country has it's own guideline and tax exemptions) So what most governments are doing is to class it as a commodity and thus having you paying "Capital Gains" on the profit when you sell it. The main reason why they are not defining it as a currency is because they do not want it to compete with their local reserve currency. Some countries tax Bitcoin as a currency (VAT) and a commodity (Capital Gains)
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So you do not drink Alcohol or smoke in front of your kids? There are loads of things parents are doing or not doing that has a negative influence on their kids. At least I am not sitting for hours in a Brick n Mortar casinos with my kids being alone at home, like some people are doing. Parents are also allowed to have some fun. I am just saying that the chat should be moderated, because it is not a fun experience having to read that kind of language when you are trying to chill at home. If nothing change, I will just move to another gambling site without this nonsense. Everyone has a different tolerance for vulgarity and what might be offensive to one might be uncontroversial for the other. For that reason and especially since gambling is an adult industry, I prefer to take a light-handed approach to chat moderation. However, you can still hide messages from players you don't want to see in chat. To do that, click on a player's name in chat and then click on the block button. Well, let's not spoil a very good gambling discussion with something trivial like this. I know people are different and we are not living in a perfect world, so you just have to accept that what you cannot control. The suggestion above kinda solved my problem, so I will give 1 merit for that. Thank you for the calm and collective and constructive discussion about this, I did expect something totally different. The site is still one of my favorites and I will just have to apply my block hammer to those people with their vulgar antics.
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Nope this should actually be moved to the Gambling section, because it is more applicable to that section. https://bitcointalk.org/index.php?board=56.0What OP, must understand is the language differences and what people see as scams and also when something is rigged for you to also lose your money. Cloud mining sites are scams or to be more specific, Ponzi schemes and gambling sites with rigged software are also scams, because people lose their money there too. They could tell you the games are Provably Fair, but it might not be, then it is a scam.
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When you do something that increase the value of your currency, it directly influence the buying power of that currency. So with inflation your
currency lose some buying power and you can buy less goods for the same amount of currency that you had before it went down. The Halving is
supposed to increase scarcity of available coins and when something is scares, it normally goes up in value. (If the demand stays the same)
There are many factors influencing the impact of the Halving, but in most instances the price goes slightly upward after a Halving occurred.
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The in-game chat should be moderated. ---> http://prntscr.com/q2gynl Why should people have to read this nonsense, when it is supposed to be a enjoyable interaction for everyone? I am not a prude, but I sometimes play/gamble on these sites with small kids running around in the house and they will peek over my shoulder to watch what I am doing. This is the only thing I hate with in-game chat features like this, because it quickly turns into a freak zone. So you are exposing your small kids to gambling and you are complaining about the chat... This is a fine example of the hypocrisy of the cancel culture. So you do not drink Alcohol or smoke in front of your kids? There are loads of things parents are doing or not doing that has a negative influence on their kids. At least I am not sitting for hours in a Brick n Mortar casinos with my kids being alone at home, like some people are doing. Parents are also allowed to have some fun. I am just saying that the chat should be moderated, because it is not a fun experience having to read that kind of language when you are trying to chill at home. If nothing change, I will just move to another gambling site without this nonsense.
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Having the Bitcoin ATMs there is all good and well, but if the people are just buying to spend it at merchants that would convert it to Fiat, then it would have zero influence on the price. True adoption needs more P2P trades without these ATMs adding high fees for the transactions. Do not get me wrong, I am not saying it is totally bad for adoption... I am just saying that it is not the ideal method to put bitcoins into people's wallets. Now the shops in the Mall should just give extra discounts for people paying in bitcoins...then we will see good adoption taking place there.
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The in-game chat should be moderated. ---> http://prntscr.com/q2gynl Why should people have to read this nonsense, when it is supposed to be a enjoyable interaction for everyone? I am not a prude, but I sometimes play/gamble on these sites with small kids running around in the house and they will peek over my shoulder to watch what I am doing. This is the only thing I hate with in-game chat features like this, because it quickly turns into a freak zone.
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The laws in my country gives partners living with each other under the same roof, marital status after 1 year. So you think you are free from all the divorce penalties when you simply live together, but that is far from the truth. I am curious how you going to eat and pay for a roof over your head, if you do not get a job. I am also curious how millions of people are going to get streets and sewerage systems and access to clean water, if they do not pay taxes. A lot of the taxes are wasted, but there are still some services that are rendered with the tax money that cannot be avoided. (Basic education / Medical assistance to the unemployed / Military to protect against the invasion from other countries etc.)
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I see these Shitcoin pumpers as the wannabe early Bitcoiners, where they get in early and buy a bunch of coins for a very low price (even getting some for free) and then hyping up the coin in the hope of making millions. The problem is, too many people are trying the same thing and this strategy has become the norm now, so people are dumping it too quickly... before it can even make them a proper profit. One or two of these coins manage to last a little bit longer than the rest and the price just stagnates for months. (no room for day traders to profit)
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When the Bitcoin price drop with almost $500 in 24 hours and then recover in a few hours, then you know something is up. Slight volatility is not unnatural in Bitcoin, but a drop like this definitely are abnormal. Someone are making a killer profit with this level of manipulation, but it is not good for the Bitcoin merchants to have volatility like that. The recovery period is also too fast for a proper Bull trap, because it takes a while to reel in the victims. I hope this Freak show is over now, because we need a good Black Friday and Xmas to end this year.
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