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What's that nonsense?
Blockchains are a way to store data among computers. What's the relation with climate change?
Worse than that, blockchains aren't very efficient. You already see miners avoiding places where electricity is expensive. If you try to estimate the whole electricity consumption of all miners around the world, I doubt anyone would see it as a green technology.
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We can't deny that there were some over-promising and now some under-delivering. Plenty of people thought the SegWit activation on August 1st would cure all problems, and they see now that nothing has changed... I'm betting BTC's price to go down because of this. Of course, it will raise again in the future.
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I know that for some of you, you can withdraw it directly to your bank account using wallets like coinbase but this feature is not available for many countries.
Since its not available in my country too I always withdraw my bitcoins from my address to payza then from payza to payoneer (by using exchangers).
How do you guys withdraw your btc?
You may consider opening a bank account in another country, as going through several exchanges (payza, then payoneer) means paying several fees. |
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spam attacks dont cost much
imagine a pool like BTCC
they create a load of transactions themselves and then only put them into their own blocks. the fee's go back to themselves.. hence cheap-free
they then cause other pools to take up the backlog of non internal spam.
I've thought about that, and I hate that idea because it means spammers are miners. I've thought first that spammers were outsiders, people who wanted to destroy BTC so that they could launch their own altcoin, or something like that. It's highly disappointing to discover that spammers are at the roots of BTC. |
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At some point in the future you may need to prove you had control over those coins at that point to please the tax man or whatever. The only way you can prove it is with those private keys.
Here's the correct answer. This data isn't important as of today, but someday if you have to comply with some AML or KYC regulation, it may be useful to prove the origin of your funds. |
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Can your government really be able to track if you never declared gains made from Bitcoin transactions?
Your government, like every government in the world is monitoring all bank transactions, that's enough for now. With time and effort, I'm sure a government could also monitor the blockchain, but I guess this isn't a priority as of today. The European Union is already talking about it, though. |
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47 individuals own 28.9% of all bitcoins
880 individuals own 21.5% of all bitcoins
10,000 individuals own 24.5% of all bitcoins
1 million individuals own 20.7% of all bitcoins and 4.4% have completely gone missing
It's impossible to prove this data. Nobody knows how many people own BTC. Everybody I know has several wallets... Regarding your poll, I'm not sure to understand it. It should say Yes or No, but it says 1 or 2. |
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NO!
Definitely.
I've received some, I sold them for more than what they were worth at first, and now it's gonna crash sometimes. Just look at Ethereum Classic. It still has a few supporters, but it's clear it doesn't have a future.
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Paysera is big, with many satisfied customers in the Baltic states. If you buy a bus ticket at https://ecolines.net/You'll see the choice of "credit card" "Paypal" or "Paysera". I installed the Revolut app on my smartphone, I thought I would order the card a few days later, but I've got notified that Revolut wanted to access my contacts, to inform them about how great their service is. So I quickly uninstall that app. Too intrusive. They don't respect my privacy. |
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it is impossible to remove fiat!!!
how would people buy cryptocurrencies and trade then if there is no fiat. they deposit fiat, buy bitcoin or some of the altcoins in a dip, sell on top, withdraw fiat profit.
also there isn't much wrong with regulation if it is done right. we can see the good example of it in Japan. their Forex exchanges are now adding bitcoin to their platform and they are all regulated and working without any issues.
OP, is simply saying people should avoid KYC/AML regulations usually linked to Fiat companies and trade between Alt coins. So you would buy Bitcoins through Localbitcoin or even regulated exchanges and then transfer the coins to these unregulated exchanges to be traded. < No Fiat withdrawal will be provided > The unregulated exchanges will be very risky, because no oversight will be done and it would attract a lot of scammers and criminals that would launder money there. ^grrrrrrrr^ @pooya87 It is possible, I did it. I bought BTC at bitcoin.de, then I opened at Poloniex first, and Bitfinex second, transferring some coins on each account. Then I started trading altcoins. @Kakmakr Well, there would be no money laundering on altcoins trading sites, because technically, no money would be involved. If I open an account with LTC, and close it ETH, where's the laundering? I still can't go to a bank to deposit those altcoins. |
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With BTC-E shut down, and BTC's price ever rising, there's a lot of pressure on all exchanges. It's getting clear their business will be more and more regulated, so I guess they should specialize. The risk is that if an exchange has several businesses, legal trouble on the exchange side may harm the other businesses. I'm talking about those exchanges which, besides exchanging cryptocurrencies with fiat money, also propose trading altcoins.
It's the money transmitting business which is heavily regulated, and accused of money laundering.
A different business is cryptocurrency trading, and I think the companies doing that should not even have a bank account. They could also remove from theirs websites all reference to any fiat currency. That business shall remain unregulated, as it doesn't deal with fiat money at all. And there's no money laundering if one customer comes in with one crypto and goes out with another crypto. Hey, many countries still consider cryptos as assets, not currencies!
Kraken, by example, is doing both businesses, I believe it will have to choose one or another someday.
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Smart move from bitcoin.de.
They're saying out loud that if you deal drugs on the dark web, bitcoin.de doesn't want to do business with you. White hat customers only!
I'm sure other exchanges will follow this example.
Fair enough. But shouldn't they have followed proper procedure? No, the message wouldn't have been as powerful. After the seizure of BTC-E, I believe all exchanges are scared. They'll do whatever it takes to keep their business going. |
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Last March, I boarded a flight from Nice to Geneva. I always request a window seat, and looking at the Alps, I saw mostly rock. 20 years ago, everything would have been snowy after barely a few minutes of flying.
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I'm dreaming people would stick to facts instead of saying BS.The whole thing behind this topic is this: According to author “Bitcrypto’d,” there is a high likelihood that Bitfinex itself is spoofing the entire market place. There isn't any proof of any wrong doing. Just one guy saying there could be something... haha. nice shill and a legendary one  it's not only "one gue saying" . I am saying that since years ago !  The exchangers have fake volumes just to appear "big" and to manipulate the market. 99% from exchangers are spoofing and having fake volumes and you come to say that it's not true. OK ! LOL Bitfinex is an unregulated shit exchanger like BTC-e, Poloniex, Kraken, all the chinese exchangers and so on. these have fake volumes and they manipulate the market as they want. is this correct for traders that a shit exchanger can dispose of funds as it wants? don't come with "it's a free market" . a free market doesn't mean to fraud your client, to steal from him and so on. Spoof transactions, fake volumes? I don't understand why. It would be just stupid. When you look at Poloniex or Bitfinex, it's evident that the people behind those websites have invested a lot of money in servers and software development. No doubt they can afford more than enough cryptos to make real transactions and deal large volumes. Besides, let's say it clearly: I love Poloniex and Bitfinex. I'm using both, and my best month I made more than $1,000 trading and lending. So you understand why I'm a supporter... |
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Smart move from bitcoin.de.
They're saying out loud that if you deal drugs on the dark web, bitcoin.de doesn't want to do business with you. White hat customers only!
I'm sure other exchanges will follow this example.
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I'm dreaming people would stick to facts instead of saying BS.The whole thing behind this topic is this: According to author “Bitcrypto’d,” there is a high likelihood that Bitfinex itself is spoofing the entire market place. There isn't any proof of any wrong doing. Just one guy saying there could be something...
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Fake volumes? Market manipulations?
Pump and Dump groups are very real, and they've been around for years. You just have to stay away from the small new altcoins which can easily be pushed up with little volume.
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Cryptocurrencies are another matter. What you must declare are banknotes, traveler's checks, gold coins... Anything physical. The future will probably assimilate cryptos to money in the bank, but so far there isn't a single word about BTC in customs regulations.
I'm sure at airports I see signs saying "currencies" but it doesn't mention about anything it having to be physical. Yes, it is indicated. Not in all airports, though. Cash, jewellery, and the like. I could have taken a picture, but I didn't want to get noticed, and waste time. |
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At UBS or HSBC.
They have experience handling large transactions, and there's no risk getting scammed with either.
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Hey, BTC just got better, and there are already people saying it's doomed!
Everybody knows SegWit isn't the end of the world. It's just a forward step in BTC's evolution. There will be plenty other steps, which will come in due time.
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