I already donated a lot of money to https://thewaterproject.org/donate-bitcoin and what I like about their service is that they are accepting 4 other Alt coins for donations too.  I got some FREE fork coins after the Bitcoin fork and I donated a lot of the BCash that I received to their water projects. <They also generate a receipt that you can use for tax purposes> I see your site wants you to login with Social media accounts and that might be an option that some people would want to avoid. Staying anonymous, helps people to prevent situations where information about them might get into the wrong hands <scammers> and that they might get bombarded with fake sites that wants "donations" for fake projects.  |
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What I like about your strategy is the following : 1. You are saying, Fck it! I am going for it. A lot of people stand on the side, not taking any risk and waiting for success to come to them. In the real world, that does not happen. 2. You are not going "All in" ....so you only expose enough capital to high risk, that you are willing to lose. A total Bitcoin failure, will not sink your boat. 3. You have a plan and you stick to it. Too many people invest blindly with no purpose. 4. You are not scared to pull the profit, when you reach your goal. Some people become too greedy and they miss the opportunity, when the profit present it self. I invested a large amount of money into Bitcoin when the price was between $300 and $400 and I took profit when it reached $18 000+ and that profit was re-invested into other investment options in my bigger portfolio. Thanks for the vote of support. Yeah I think the key here is not getting greedy, similar to you. I'm going to take profits slowly and not cash out all at once. My main goal was to reach a position where I received back all the capital that I invested into Bitcoin and then to frequently take profits, when there is a spike in the price, so that I can show that this was a good investment. I also wanted to get as much out of this investment, before something bad happens and I am left with zero profits to show for my efforts. I was one of the lucky people, who reached the ROI stage and then far exceeded that stage by showing a 800%+ profit on my initial investment. This is why you should never pull out the whole investment, because we never know when that next Bull market would happen again. |
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We will have to go back in history and look at what people did during the previous financial crisis in 2007/2008. Investors usually dump their shares on the Stock markets and they shift that capital into Safe haven type investments to hedge against any potential losses. Typical Safe haven investments are things like Silver and Gold and now even Bitcoin is seen as a good Safe haven, so you can expect that some investors and traders would shift some capital into Crypto currencies.  I would definitely get out of the Stock market now, before the share prices drop too dramatically and then re-invest when the shares prices are very low. I will also take a portion of that capital and buy some physical Gold and Silver and a lot of bitcoins.  |
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It may be a little be hard for government to completely change their perspective view of the whole bitcoin as currency because of its anonymity which is the major barrier right now to supporting bitcoin. Government wants something that they can be able to control, they want power to remain with them, and they know that the use of bitcoin as currency will lower their power a little.
For power to really continue to stay with them, they need to protect the fiat and continue to enforce the physical cash, but no matter how much they continue to hold on tight, one day, the system will automatically adjust right before them, and they see that many people starts to use cryptocurrency even without their full approval or support which will break the power of fiat over their citizens.
Well, actually they are not really protecting Fiat currencies to prevent anonymous transactions, it is more about "control" ...Yes, we know some governments are fixated on civilian surveillance and anonymous transactions is perceived as a threat, but most Cash transactions are anonymous too and that is why some of these governments are looking at technologies that would enable a transparent Cash-less society. The future of Crypto currencies, would be a world where you have different ways in which people would use Crypto currencies, namely : 1. Regulated "Private" Blockchains - Where KYC/AML regulations are enforced. 2. Unregulated "Public" Blockchains - Where people would bypass regulations and would use direct transfers between two anonymous entities. 3. Formal GovCoins - This might be digitized versions of local Fiat currencies that use Blockchain tech to create centralized ledger systems to track and control all transactions. We are moving in very strange times, where Blockchain technology can be used against normal citizens to invade their financial privacy and where governments takes control over people's wealth. |
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OP, I just gave you 2 merit points for this post, because it opened my eyes on the "hidden" potential of some features that I have never experimented before. < Use OP_CHECKLOCKTIMEVERIFY > I am not a software developer and I always thought some of these features were too difficult for the average Joe to implement, but you made the task very simple with the way you presented it. I also never played around with https://coinb.in/ before, because I thought it was just a duplication of other web based wallet services that I used before. I will add this gem to my Crypto favorites. Thank you for the feedback on my previous post, it all makes more sense now, after I started experimenting with it in the way you presented it. |
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It could have been someone just testing something, because it makes no sense mining a Block with 5569 inputs with zero fees under normal circumstances. I know some people spammed the network previously with loads of small transactions, but this does not look like any normal spam attack. <Bitcoin XT period> The one positive thing that can be derived from this is that miners can mine transactions like this < 999,657 bytes > with zero fees, if they wanted to, but I doubt if they would want to do that for someone else. |
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You should really incleade the source when you post things like this : Source - https://cointelegraph.com/news/first-blockchain-exclusive-birth-certificates-recorded-in-brazilI am very glad to see that the Blockchain is now being used for things that can actually make a real difference and not just for something to do with financial transactions and also investment options. " The registration was made through Growth Tech's Notary Ledgers platform " so I reckon they developed their own technology that use Blockchain tech to register these births. This is flawed, because it is administrated and controlled by a central organization and might not be 100% immutable. |
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Well, we have 2 driving factors that are pushing up the price again and it is 1. ..the continued market tension between the USA and China and investors looking for a Safe haven to hedge against this influence and 2. ...the Bakkt hype surrounding physical bitcoin investments from the institutional investors that might happen after the 6th of September. I think the last drop in the price was pure market manipulation from people that are anticipating a large spike in the price and people who pushed the price down to quickly buy more cheap bitcoins before that happens.  |
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I am very glad to see that some "newbies" are buying hardware wallets and external storage to store their bitcoins, because most of my friends bought their first coins and it is still on the exchange where they originally bought it. This is one of the most common mistakes that people make, because exchanges are only supposed to be used to buy and sell bitcoins and not to store bitcoins. I see a lot of people giving advice that you should use a local exchange, but I would suggest that you contact other Bitcoin people in your area to determine if these services are legit and if they are reliable, before you use them. There are some scam sites out there, that would surely like you to deposit some fiat into their Bank account and you will never see those bitcoins again. <Check out the local boards on this forum, if you looking for a reputable exchange in your country.> |
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This is one of the things that popular media usually ignore, when they report on Bitcoin and money laundering. The highly regulated Gold industry and trading platforms are not immune to criminal syndicates that knows how to infiltrate these institutions and how to use this to launder their "dirty" money. The media is quick to point fingers at Bitcoin, but the formal Banking sector and large financial organizations are doing this on a much larger scale, without people even knowing this. https://www.nytimes.com/2019/04/09/business/standard-chartered-sanctions-violations.html |
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It is a well known fact that the loans that are being granted to these third world countries, comes with a lot of strings attached and that the country giving the loans, gets their teeth into their prey, when they do this. They get the power to influence the economic policies of these countries to favor them. They also add interest and levies to these loans to make it harder for these countries to pay back the loans and this helps them to have control over those countries. < https://www.imf.org > Bitcoin cannot help these countries to get rid of the debt, but if they invest a small portion of their capital in Bitcoin and the price goes up, then they might take those profits to pay back some of the loans. |
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OP, in your title, you mention doing this for inheritance, but most people do not know when they are going to die. In what type of scenario would you apply this for inheritance planning? I know some people become terminally ill <cancer> and they would welcome something like this, but how do you notify people that does not know a thing about Crypto currencies, to manage this?
I would like to see a time-locked paper wallet service that would automate a process that sends bitcoins to a wallet that I have given to people in advance <while I am still here to explain things> and when I pass on, the bitcoins will be transferred to that Bitcoin address.
Obviously this must be linked to some Smart contract and not a third party service that might steal those coins. Do you think that might work?
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In 3rd world countries like India, it is not uncommon to see people taking things into their own hands to deal with criminals. In this case it was not vigilante mobs dealing with the criminal, but his own criminal partners. How nice of them to take him to hospital, I reckon they want him to heal nicely, so that they can torture him again. They say there is no honor amongst thieves, so I think this is very applicable in this scenario. If it is true that he got hacked and subsequently lost the coins, then it is justice for his crimes. |
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Well, you have obviously not been the victim of the latest Ransomware viruses that use Bitcoin as a payment option. Our company was targeted for this and all the computers with outdated AV Software got infected and files got encrypted. The other computers with the latest updates are still running without any problem. A lot of viruses are doing things on your computer, without you even knowing it and it is only when you install a good AV software, that you realize what viruses are running in the background and once you look at the payload description for that viruses, a lot of the weird things that are happening on your computers becomes clear. We had a bot network running on 100s of computers with outdated AV software and when we manually updated it, the bots was removed and the users reported back that the computers was much faster than before. <The viruses stopped the automatic updates> |
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The sole purpose of a house edge is to ensure that gambling site have a long-term advantage over their customers.... <SNIP>
Uhm, thats exactly what I said. Its a TIME mechanism, not a "profit" mechanism (although one can use it for such purposes, that is not its TRUE purpose) and its certainly NOT a requirement for the casino to make a profit. It's entirely possible to profit with 0% edge and examples of this exist if you actually do some research. You cannot tie time and profit together. They are completely separate items and not associated AT ALL. It's very possible for time to insure that you (as the house) DONT profit as well. This is proven by moving the house edge below 0. It's a time mechanism. Period. So any statement you make about it being "required" to "make money" which you've now done TWICE is completely stupid and makes about as much sense as calling liquid water as solid a diamond. Edge has absolutely NOTHING to do with profit. All it does is protect the casino against players who have A LOT of time to spare and very likely deep pockets, possibly more so than the casino itself. That is its ONLY purpose and bots have more time than any living human. BTW, using your logic that an edge is REQUIRED to be profitable, please explain the ZERO EDGE online sites AND brick/mortar casinos that exist through out the world. This one should be amusing. The first time you say the phrase "they use other", I'm going to slap you with an example of one that DOESNT and then watch the reply get deleted by TheQuack reporting it for "promoting other sites". lol I can now see why #TheQuin are not engaging with you anymore, you sound like a snot nose teenager "know-it-all" script kiddy. The zero house edge operations are mostly scammers who wants to cash in quickly on gamblers greed and they do not last very long. Some of them get alternative income from these sites, eg. Advertisement income that generates additional income for them to pay for their operating expenses. <Small fry fly-by-night operations> I figure Brick n Mortar operations with a zero house edge does the same thing by supplementing their income from alcohol and food sales and the gambling side is just a minor attraction to get people through the door. We have a couple of Sport bars in my area, where they have some slot machines and some sports betting, but their main income are derived from the bar and the restaurant. My interaction with you will stop now, because you are simply too thick headed and stubborn to have a normal conversation. In any way, what you are doing is simply wrong and you are spoiling a very good experience for millions of people that are enjoying this site. |
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It just shows you that by just buying a successful business from a good businessman like Erik Voorhees, it does not guarantee that you would make the same profit from that business. Yes, a lot has changed and the majority of it's original gamblers from the US was blocked, but the decision to go with Bitcoin Cash might have been the last nail in it's coffin. <Everything linked to BCash is turning into shite, because it is strewn with controversy and snake oil salesman operators.> Ignoring the real Bitcoin <BTC> will turn out to be a huge mistake for many of these people, who might think that it would be easy going to just rely on the reputation of successful businesses to profit.  |
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Ofcourse they are going to use the cryptocurrency and blockchain technology since we have already seen examples where people are being banned from using cryptocurrencies just because the government wants to use that investments in making their own cryptocurrencies.
For example :- China , India , etc.
They are already trying to make a centralized version of the existing technology .
Exactly, they have to create their own Crypto currency or Blockchain technology, because they have to manipulate it to boost their own economy. You will soon see a lot of "GovCoins" seeing the light of day, because governments are seeing the potential of using a technology like this to quickly change monetary supply, without having to go through the tedious and expensive task of printing and minting new Fiat currencies. So, they can now continue creating "Toilet paper" money in a digital format, by simply changing a piece of code in the protocol that they manage centrally. <Each country will just digitize their own Fiat currency and not fight over having a single global reserve currency.> |
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Well, the more data you can acquire to make your trades more successful, the better it is for increased profits. It is always nice to see the correlation between different transaction volumes of Bitcoin to other Alt coins and to see how they react. The important thing is that the information should be in real time and comprehensive enough that it includes the most used Alt coins out there. I like my dashboard to show a good graphical analysis of the complete market, where you can select specific Alt coins, based on the current market trends. Bitcoin's volatility creates scenarios where you have to get access to fast and reliable data to make quick decisions to shift coins into Alt coins that shows potential and growth. |
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Yes, customers might hold their own private keys, but are they sharing that Private key with the Bitwala service? People will only have control over their Private key, if they have sole control over that Private key and if that Private key was not logged onto some centralized server. I like the fact that it is backed by a Bank that are "Bitcoin friendly" when you want to on-ramp from Fiat to Bitcoin and visa versa, but storing coins in a centralized system, is never a good idea. Centralized services just bleed customers for extra fees and they pose a real danger, because people can lose coins when these services are targeted by hackers. |
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