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You mean "buy", right?
I'm not aware of a way to buy bitcoin with PayPal, what's CVV?
Buying bitcoin through PayPal would just be adding a third party to the process. PayPal gets your money from your bank account or debit card, right? Coinbase can do the same thing. Just go to Coinbase and get set up!
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That picture is pretty misleading, the pictures from Trump's rally had him at 30 yard line facing the end zone, in other words, the stadium was only a third full.
With that said, there's no joke that a lot of people believe in what he's saying. The problem is: A lot of those people live in more rural areas (i.e. Alabama doen't have enough electoral votes to sway an election), Trump needs to win over the people in the cities too. Another problem is that what Trump says he can do when he's working for votes is different from what he can actually vote.
The political system is filled with favors and payments. Some guy comes in and says "fuck your system". Do you think that all the other people in the system are going to just want to work with him? No. He's going to have the hardest time getting anything done in Congress because he's making a mockery and insulting the people in Congress. (I love that he's doing it, I'm bummed that it's so much harder to affect change than it should be.)
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I don't have spouse, and I would never marry one that would be dumb enough to put real info in such site, so I would not bother to check anyway
Yeah, it's amazing how dumb these people are! Using their own credit card, email addresses, office IP address...unbelievable! Where are the names and information being posted about the hacked results? |
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Nice of you to share this with people who may be looking for a good deal to get into Bitcoin.
I can vouch for Coinbase's service...it's good. The user interface is easy and the user experience is enjoyable. The only thing I don't like is the mobile app. If you have more than one wallet, the mobile app makes it difficult to see the balance in more than one wallet at the same time.
Has anyone cashed in on this promotion? How long did it take to get paid? Any complications?
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So I recently created a Xapo wallet, but I was met with a verification requirement in order to begin using my wallet. Was this just a random security check that was put onto my account because some shady activity was detected? Or has everyone had to go through this process to us Xapo?
I highly doubt that everyone went through it because many people back away when asked for their ID, but a lot of people us Xapo.
I will lock this topic after the question is answered to avoid the same answer being repeated over and over again.
I don't think anyone's answered your question yet - this was not a random security check. Everyone uses Xapo must provide this level of information and verification. The reasoning is likely two fold - 1) depends on what country you call home, and 2) it enables Xapo to provide you with greater security (if they know more about you it's harder for someone who's not you to access your wallet). I hope this helps. Know that if any wallet or exchange service used this private information for the wrong reasons that EVERYONE would leave that wallet, they'd be out of business SO fast. This fact/reality is what keeps them operating within the bounds of the trust wallet users grant them. |
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The campaign runners have been getting away with lowering the rates WHILE the price of BTC has been on a downtrend since forever.
I think it's safe to say they should be raising their rates. The campaigns paying 0.010 per post or something like that, should raise to a decent 0.013 like DaDice did. The price is only getting LOWER so this is nothing but a scam at this point. Remember that things don't change as long as you keep accepting low payments, the business rulers will be happy to keep rates as low as possible without people complaining.
What an ironic thing to say in the Marketplace board. If you don't like the pay, don't join the campaign...if the campaign owner doesn't get enough interest they'll raise their rates (which is what happens in the marketplace.) Additionally, do you live in a fiat world or a bitcoin world? Come to the bitcoin world, where the conversion rate doesn't matter! To compare your payout to fiat is logical but not relevant because your sig campaign employer only works in a bitcoin world. No campaign has had a payment rate so high.
Rates are still very fair. Rates weren't decreased when the BTC price started rising, so why should they increase when the price of BTC decreases?
There was a time when 0.0002 - 0.0004 per post was more than a fair amount and the price wasn't much different (than a month ago) I believe.
Do keep in mind that at current rates, a hero member can be paid 0.2788 USD per post (something that takes often little effort and is often done without a paid signature). In my opinion 27 cents per post is a very large amount.
Marco, I agree, it's quite fair. And Primedice only paid about 0.0013-0.0015, I think the other post just mistyped. |
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Slots for all ranks are available. Please note that while the base rates are higher than any open campaign, counting is done quite strictly.
It's a range for a reason! And I think it's appropriate, but definitely don't join this campaign expecting to get paid the top rate...that top rate is something that must be earned! Good luck to you all. |
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What a prick! he is acting like he owns the project.
He does... Hearn is the maintainer of the BitcoinXT fork. He is also working with Gavin to make the XT fork happen. He is forcing the community (most of them ill-informed and all they know is Gavin is CHIEF SCIENTIST!!) to accept their coin or else. They are willing to take the whole thing down with them. Basically they are taking BTC hostage really.. if you think about it. ps. I love how Gavin (peace be up on his name) is the CHIEF SCIENTIST but he is the only one in the core team w/o a phd. How, in you own logic, giving the market a free choice can be considered as forcing? There is free choice, but it's only among the core developers, miners, and exchanges (Xapo, etc.). They are the entities that control the decision because they control more transactions than the rest of us. The rest of us are at the whim of the system...just like fiat or politics. Actually, this worse that politics...in politics we get to vote. With that said, I fully accept that accommodating greater transaction sizes is required for the bitcoin to work. If transactions aren't quick, users won't make them (transactions that is.) |
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You won't have a choice. It's up to the miners, the exchanges, and the core developers. It sounds like sticking with bitcoin core is like staying with CDs when the world was moving to MP3s and digital media. It's not up to us lowly users... From a Coindesk article:
Who's in favour?
Besides Andresen, Hearn and a few other Core developers – who, tangentially, disagree with the "drastic" and "dangerous" methods of XT – bigger blocks in general have received support from a number of large bitcoin service providers.
Pretty much all of bitcoin's wallets are on board, including Coinbase, Blockchain.info and Xapo, with the exception of CoinKite and GreenAddress. For them, the continued cheap use of the blockchain is a necessity.
Exchanges outside of China have been rather quiet on the subject, while those inside the country, like the mining pools, have publicly backed a 8MB increase.
When Genesis Mining — a large pool with farms across Asia Europe, and the US — took a poll of its users in June, 87% agreed that an increase was a "good idea".
However, the question of whether miners and pools will support that increase in the form of XT, a fork of Bitcoin Core, remains. It currently has 13.7% of bitcoin's nodes behind it.
In an interview in June, China's three largest pools – F2Pool, BTCChina Pool and Huobi Pool – indicated they would not switch to XT, but rather strive for consensus. They present more than 35% of the current hash rate. |
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If I keep 20btc in my Trezor before the split, after the split I should have 20btc in the original bitcoin chain and 20btc in the XT chian.
If I keep 20btc in an exchange like Coinbase before the split, after the split I will likely only get 20btc in the XT chian if the exchange choose the XT and I will not likely get 20btc in both chains.
Am I right?
Yes. Uhhh...No. You're not going to magically double your holdings. It's not going to work that way. |
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Will anyone have a choice?
This question is a bit like some one from France asking "will you still use francs if France adopts the Euro?"
If the network moves to XT, what choice will we have?
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Can someone please summarize this? okey, i will to try answer i have some read. may be you must read too. but i thinks more people join bitcoin more too bitcoin will be make, the CEO of bitcoin cant to stop the bitcoin macine.. the macine is working by self.. we are make the price can high or down.. its my opinion. How do you determine the fair market value of a currency that has appreciated faster than the shares of even the hottest technology stocks? This question has befuddled investors and analysts for years when it comes to Bitcoin. While the methods for valuing digital currencies are rather straightforward, the assumptions that underlie competing valuations vary widely. Don't rely on Wall Street analysts to think for you. Instead, consider this framework and come up with your own fair market value estimates for bitcoin.
Bitcoin has value because people think it has value.
Your first question might be to ask whether Bitcoin has any value whatsoever. After all, many bitcoin skeptics have knocked the virtual currency for its lack of "intrinsic value", including world-class investors like Berkshire Hathaway Inc.'s (NYSE:BRK.B) Warren Buffett (who called Bitcoin a "mirage") and J.P. Morgan Chase & Co.'s (NYSE:JPM) Jamie Dimon, and venerated economists like former Federal Reserve Chairman Alan Greenspan and Nobel laureate Paul Krugman ("Bitcoin is evil"). Despite this army of skeptics and a myriad of bad news for the industry so far in 2014, Bitcoin still continues to trade for multiples more than it did one year ago. The Winklevoss twins clearly disagree. See Investopedia's interview with Tyler Winklevoss.)
How can this be?
Quite simply, Bitcoins have value because a small, but growing group of people believe that the underlying Bitcoin technology has value. In the future, the Bitcoin technology may be used for a wide array of financial services applications from payments, to contracts, to distributed exchanges. Since Bitcoins are the scarce currency units which are required to power these applications, they are valuable. Unlike fiat currencies whose money supplies may be inflated by central banks, there are a finite number of Bitcoins that will ever be released into circulation, making the currency a superior store of value versus other international reserves. Although Bitcoin is not legal tender backed by a particular government, the currency's value is supported by the individuals and merchants who voluntarily accept Bitcoin for their goods and services.
If we can agree that Bitcoins have a positive expected value (because at least some people believe the underlying technology has the potential to be revolutionary), we can start to make our own estimates about its current fair value.
Bitcoin's value depends on "transactional" and "reservation" demand.
It is important to note that the total market value of a currency, its "monetary base", is driven by two things, transactional demand and reservation demand. We can think of Bitcoin's average daily "float" as the analog of our economy's M1 money supply - the currency needed to satisfy transactional demand for goods and services. Similarly, we can think of the Bitcoins which are "hoarded" by speculative investors as the currency needed to satisfy reservation demand for secure long-term savings. Combined, Bitcoin's float and reserves comprise its total monetary base, which is similar to our economy's M2 money supply (M1+money in savings deposits, money markets, etc).
So the monetary base relies on both consumers and investors who believe that the Bitcoin technology will power a certain volume of economic exchange today and in the future. Speculative investors in particular have shown an extraordinary willingness to buy BTC, leading to a much larger monetary base than would otherwise be expected for a currency with bitcoin's transactional volume.
And that's ok! As long as the transactional demand for Bitcoin continues to grow exponentially in the coming years, the balance between Bitcoin's float and its total monetary base will likely reflect that of other global currencies. (To learn how Bitcoin enters into circulation, read, "What is Bitcoin Mining?")
Bitcoin's potential monetary base is one key input we need for our valuation.
Since there is no real difference between a BTC held for commerce and a BTC held for investment, it should be clear that we really only care about Bitcoin's total monetary base when it comes to valuation.
Theoretically, the fair-market value of one BTC should simply be the dividend of its predicted future monetary base and BTC in circulation, discounted by a "hurdle rate" an investor would require in order to invest in the speculative currency.
So what are some reasonable estimates for bitcoin's future potential monetary base? Bitcoins are worth about $5.5 billion today, but according to investor and entrepreneur Barry Silbert, they will only begin to thrive as transactional currency once the monetary base grows to $50-100 billion.
More dramatically, analysts at Wedbush Securities recently approximated that the potential aggregate demand for bitcoin could be over $13 trillion, including global foreign currency reserves, money supplies of high-inflation countries, and the market value of all gold held as financial assets.
Let's assume that in our optimistic case for Bitcoin, the monetary base grows to $1 trillion dollars within ten years, which would represent a fraction of the U.S. dollar's total money supply and about half the value of the global market for gold. We could then divide this monetary base by the total number of bitcoins expected in circulation by 2024 (thanks to the known mining schedule). With 21 million BTC in circulation, we could see a $50,000 bitcoin with a $1 trillion monetary base!
If we're comfortable with that assumption, all we need to do is boil down our $50,000 future bitcoin into present dollars.
Bitcoin's "hurdle rate" is the other key input we need for our valuation.
Here's where things get tricky: what is an appropriate discount rate to use for bitcoin, a speculative currency that will never generate cash flows?
We need to make certain assumptions about the rate of return required to compensate for the risks associated with holding Bitcoin. Let's assume that we normally require a 12% return on equity for investments in certain growth stocks, but we believe Bitcoin carries five times the usual risk. We would need to apply a 60% discount rate to our future value estimate for Bitcoin. Due to compounding, that would make our $50,000 BTC in 2024 worth approximately $455 today -- not too far off from current price levels.
For further illustration, it might also help to consider how a venture capitalist could determine the net present value of an investment that he never expects to generate positive cash flows during his firm's investment period (e.g. a high-growth tech company that reinvests 100% of its earnings before it ultimate sells to Google). In the absence of earnings, that VC might look at revenue multiples to determine the company's terminal value, and then discount that figure by a rate of 40 to 60%.
With Bitcoin, the thinking is the same. Except Bitcoin's terminal value is actually its future monetary base.
Caveat emptor: Your assumptions make all the difference.
Under the assumptions we used above, Bitcoin may seem as if it is close to fairly priced today.
But what if we think the monetary base will reach $2 trillion in ten years and investors prove willing to settle for annual returns of 30%? Suddenly BTC's current fair market value skyrockets to $7,250! Conversely, if we think the monetary base will reach just $500 billion in ten years and investors only touch Bitcoin when they expect an 80% annual return, the current fair value would plummet to $70.
The Bottom Line
If you're a risk-tolerant Bitcoin believer, today's prices are probably enticing. If you're a more conservative skeptic, you will likely steer clear of an asset class that looks as if it is in a speculative bubble. But either way, you only need to make two basic assumptions to come up with your own fair market value for Bitcoin: its future monetary base, and your risk-adjusted rate of return. Good luck!
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Read more: http://www.investopedia.com/articles/investing/050914/easy-way-measure-bitcoins-fair-market-value-doityourself-guide.asp#ixzz3jHBdcH8z Follow us: @Investopedia on Twitter So the OP is saying that Bitcoin isn't valuable because it's man made? There's no other way to interpret this is there? |
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Nice, I like it! May I share a few suggestions? - The Higher and Lower buttons should be flipped to sit over the Higher and Lower results
- Limit the number of ballots from one IP Address to 1 a day, otherwise I can vote over and over again, which makes the results meaningless
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I predicted :
Next ??
Damn, nice work! So what's your record month for month? Do you make any corrections or adjustments when you have a month that misses? Thanks. |
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It's like Szabo doesn't have any clue on how XT is being implemented. Which I think is very weird.
I'm not sure if you actually read the whole thing. The attack goes as follows: If blocks were allowed to be ‘too big’ (big enough to add plausible delays to propagate to all nodes) then a miner would be incentivized to stuff the block they are mining full of txns that pay himself (or a cohort), up to the allowable block limit. I mean come on. tl;dr Szabo is afraid of the free market having a choice. Well guess what, it happens now and will happen countless of time in the future. Presumably the free market will choose XT or Core, but did the free market have an opportunity to choose this XT over another XT, an alternative alternative? No. |
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Your paranoia is impressive. You've listed a bunch of reasons here that support Coinbase's decision to run this promotion Coinbase is stifling the entire Bitcoin trade, especially by marking people who trade in medium to high volume. So I think they're trying to get more people marked and their info documented, it'll be a map to everyone who uses bitcoin. $75 of bitcoin is especially irresistible to people who already use cryptocurrency.
Maybe they're not stifling the entire Bitcoin trade. Maybe they're feeling victim to Xapo's security assurances. Maybe they're feeling victim to all the other options that allow people to maintain custody of their coin. Yet you assume that this is purely to document everyone using bitcoin? The effort involved int that, in something that doesn't earn them revenue, isn't logical for any business. The only reason coinbase isn't facing any legal trouble is they give all their info to the government without any resistance, regardless of legal justification. Exactly what the government needs to get inside the bitcoin world.
They're subject to the same laws as all US based Bitcoin "banks". And those other Bitcoin "banks" aren't facing any legal trouble! Both firms have had to limit operations in some states due to American laws...what makes you think Coinbase is getting a free pass from the Feds? There's literally NO evidence to support such a claim. A large % of people who use coinbase for a decent amount of bitcoins, even if it's just the $1k weekly limit, get multiple banks shut down due to the way coinbase reports things to banks. Doing business with coinbase can be financially crippling if you're a serious Bitcoiner who does real business of any kind.
A solid reason why Coinbase may need to create a "too good to be true" promotion! I have never seen a company that is so malicious towards good customers, they don't even give people a fair chance to present the documents coinbase asks for if your account is suspended. They cancel all your orders, report you, and if you ask any questions about the exact documents they need they assume that is your final response and send an email saying your account is now banned.
Sounds like you're speaking from personal experience. Maybe Coinbase want's to treat their customers better...this is a great way to do it! Is possible Coinbase could be doing this because they know that it would A) generate a spike in new wallet holders and accounts, B) generate a lot of talk on forums, and C) earn them some serious brand recognition outside of their existing market footprint? YES! YES! YES! |
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Another vote for Bitmixer.io. It's the most widely know bitcoin mixer when you're trusting someone to handle your coin, you should go with the people that have been doing it the longest, that have the best reputation, that have the most to lose if they fuck it up.
Good luck with your pay-for-shuffling!
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Sounds like you're offering a service. You might get some better street traffic if you move this to the Services childboard in Marketplace. You need this offer sitting where people are browsing with bitcoin to spend! Burning a hole in their paper wallets!
Also, any glimpses of your 'goods' for prospective buyers?
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Using Freebitco.in as a model for you math is a good option because you can calculate their volume through their lottery ticket numbers. Each roll earns two lottery tickets, so if you halve the total lottery tickets earned for a week you can roughly estimate the number of rolls. Use that volume measure to calculate how much payout bitcoin you need for the week, month, etc. Know that some or a lot of lottery tickets can be purchased but the funds to purchase has to come from the bank (either through rolls or wager winnings).
While you're just starting up you may not need as much start-up payout money, but you should prepare to sustain yourself with a high volume so your faucet has the ability to stay funded after generating a lot of volume.
E.g., Freebitco.in has roughly 3.5M rolls per week and the minimum payout is 850 satoshi. So at $232/Bitcoin (today) that equals nearly BTC30 in payouts per week (for a mature and popular faucet).
Have you thought about what unique aspect of your site or payout structure will lure us all to your site? Need some testers? If so, PM me.
Good luck!
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Spare a thought for the poor guys who bought near the ATH! Also the guy who bought the dominos pizza for 10K bitcoins, even with the bitcoin price severely depressed as it is, he has paid heavily for the pizza! Grin
IIRC he is still active on Bitcointalk, people think of him as a fool but what he said makes sense, he said that at the time no one was accepting bitcoin, so he tried to drum up some excitement and show the world that bitcoin can indeed be used to buy something tangible.. he never regrets spending 10K btc for the pizza because clearly, at the time, most people didn't even know that Bitcoin existed. To me the father of Bitcoin was satoshi, but the father of driving adoption was laszlo (i think his name was).
Laszlo get's way too much credit. He didn't convince any adoption. He didn't get Dominos to adopt bitcoin. He paid a friend who then called in an order for pizza to be delivered to his house. That's not adoption! That's not furthering the cause of Bitcoin! That's not even buying pizza with Bitcoin! Literally! If anything this is the first lullaby of Bitcoin - it's a catchy story, but when you think about it there's very little substance to it. P.S. Laszlo, I love you're name...I have a Grandpa named Laszlo. |
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