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I still see people rolling out the old '0.00001% of the world's population own any' line which is slowly losing its validity. I'm sure it's still a small amount but there will be a point where Bitcoin fans can no longer claim to be the underdog flying under the radar.
What would that point contain to convince you that you're now part of the boring mainstream?
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One of the reasons people are tickled by Bitcoin is that nifty immutability thing. This means you can categorically prove when you received your coins, when you controlled your coins and when you sold them.
If you have a bank statement showing a transfer to an exchange to buy them and a similar one to receive the proceeds of the sale then there's absolutely zero question of the source of your funds. So what if your $100 turned into $10 million? It's your property that you sold on a legit market. You can prove it all.
Hang on to all of your private keys, including the empty ones, and you're bulletproof. People seem to be very cavalier with their records when it's no sweat to retain them and may well save your arse at some point.
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Yes but imagine for your daily use. With a Ledger, will you be ok to have in your pocket a cable permanently? I am already moaning when I have in my pocket, the keys, the wallet, the ID card, cigarettes, phones, in 10 years men will need their handbag  There is also something good about it inside, the third party exchange. As for the idea of an integrated hardware wallet into the phone, I would say it's a good idea. What about branding a crypto smartphone?  No hardware wallet is wieldy enough to pay that hooker for rapid hand relief in an alley on your way back from getting some milk. You have to noodle around hooking it up, inserting pins, finding apps. By that point her pimp has your pin and you're toast. I'm happy enough with spending money in a phone as is. The world wouldn't end if it was hacked somehow. |
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Not less than half of the people. Not even me. I mean it could be somehow get useful now as a currency but it is still covered in smoke on that kind of possibility. I will continue to hold whenever things get rough in crypto. 3 years is too much for me to hold my coins. The base amount I have could still be there but most of it will be sold before 3 years arrive.
Why? Do you have additional financial pressures or you just don't want to do it? It's not hard sitting there and doing nothing. Go and get a pilot's licence or gain 50kg of muscle in the meantime. 3 years will be well past the next halving and there's a strong possibility the price will be considerably higher than it is now. I don't get why someone would set themselves an arbitrary limit when the possibilities beyond that limit may well be epic. |
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Like others have said, local bitcoins is a great way, but now they participate in KYC you might end up getting a tax bill. I'd recommend sticking to face to face transactions, no fees that way.
You can also use coinbase, but of course the fees will be higher as they're a platform.
I doubt Localbitcoins care in the slightest about your tax bill, but I suppose it's conceivable the tax man might demand info from them but only during a tax investigation. It might be quite some time before anything like that happens. I'd rather pay taxes myself than meet hundreds of strangers while I was loaded down with BTC. |
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Wrong.
A pc without browser or email could have private keys stored in 500 locations in a variety of ways. On internal HD, internal SSD, etc.
Clearly it is cold storage.
An "online pc someone wants to use" is exactly what you don't want it to be.
If there's the tiniest hint of online accessibility then surely it's not cold. Ccleaner was recently compromised. As far as I know they couldn't do much, but even with email and browser removed, there are still hundreds to thousands of programs and processes talking via the internet that someone may find a back door into. We never find out until after the act. |
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Do you think the Lightning Network is fast and cheap enough to be used as a in-game currency within some of these MMO
games? When will we see our first game with Lightning Network payments? The popular MMO games have millions of users
and millions of daily transactions. Do you think the LN is ready for that kind of adoption? The whole idea with the LN is to
remove the micro transactions and to do them off-chain and MMO games are a ideal target for that. What do you think?
Game designers create in-game currency and economy for way more reasons than just transactions speed/fees, the point of in-game money is to reward players for playing the game and game companies obviously can't reward players with real money, because it will be unsustainable and attract botters. What developers can do is to simply use Bitcoin as one of their payment methods and then allow players to sell their in-game items/currency on in-game market for Bitcoin. But they will still have to fight with bots, because bots easily ruin game experience for honest players, and in the end games succeed or fail basing on their quality, not some flashy features like blockchain and cryptocurrencies. It also might be the case that it's not profitable for game companies to allow p2p real money market, for example Blizzard have scrapped their real-money auction house in Diablo 3, and Valve made most Dota 2 items untradable. What kind of havoc can bots get up to? Presumably the really obvious and odious ones can be nuked with ease. |
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The problem is, if this becomes mainstream and all MMOs start to use Bitcoin, then the price will skyrocket and in the end 1 Satoshi might end up costing you $1. Yes, it will be good for investors/hoarders like us, but it will be pretty expensive for the millions of gamers out there. The gamers hate us already, because we are buying all the GPUs for Crypto mining.  Pricing would have to remain in the day's dollar value I presume otherwise the whole thing would seize up. I don't know where that would leave you if you wanted to offload an item that was suddenly massively valuable in BTC terms if you'd paid peanuts in satoshis a few months back. |
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Simply because the WHALES take the profits whenever there's a 5 to 10 percent growth. The bottom line is Swing trading and Day trading is real and the HODL method is just what it is...
Every whale has its day. At some point a larger one pops along to gobble them up. This will continue forever alongside ever increasing demand from the little people. There comes a point where a tide can't be resisted and a whale's attempted dump disappears in a feeding frenzy. Of course, the little people are also only too happy to sell to the whale for less than they paid for it, but each cycle brings in fresher and tougher meat too. I'd say the clearest demonstration of whale strangulation was when the Chinese zero fee exchanges were in full effect. Anything the West did upwards was shat on by China. Now they're all toast too. |
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Let me guess, the poll numbers were probably in the 10-20 range and they were the pollsters' mates down the pub.
I doubt the majority of Brits know what a central bank does, let alone what a crypto does. Asking them to choose between the two would probably only get an answer if you bought them a pint. And fed them the answer.
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I don't with the ones I don't give a shit about such a fork dumping ones.
The ones that are important I do the following things - the email associated with it has 2FA via authenticator. Also double check your email's backup options, such as another email address, and secure them as someone can get in that way with a password reset.
Different password for each exchange and 2FA via authenticator with them as well. I also keep the authenticator keys far offline.
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I've criticized zero hedge as a garbage website that deals in conspiracy theory and nonsense before.
Zerohedge - the site that predicted 200 of the last 2 recessions. Does anyone out there have a clue how the IMF's gold was paid for? Who or what coughed up? |
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Never have. Never would. It opens up a wholly needless world of pain. No matter what happens it'll always be your fault. I have given it to people.
The only trading advice I gave to someone I know was not to buy $3 XRP which was when I knew the peak was very near.
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I've watched a few of the Inside NEM episodes, and I think Alexandra Tinsman comes across as very friendly and personable. It may be that her job responsibilities could and maybe should also include community engagement, organizing community efforts, etc. Or, if she already has her hands full with the marketing efforts, then maybe someone with a similar demeanor should be hired for things like community and investor relations.
She's very good and I hope she does more. It is improving rapidly with meetups and much more active social media accounts and so on, but had similar engagement happened in the earlier days it's likely things would be considerably further along. Better to be ground up than top down. |
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In the time that I have been a user of Bitstamp, they opted me to verify myself 2 times, while the first verification was accepted without any problems. It was probably an attempt to grab more information from users and to check if everything is still in order. Why don't they force sites to do this when it comes to gold? I can buy thousands worth of gold and have it be delivered the next day like I bought a new pair of shoes. I'll never use Bitstamp again for this reason. You have no idea when you're going to trigger them and you may never have enough documentation to satisfy them. I can register on a share trading website with nothing other than a passport and proof of address and trade trillions of dollars forever. Why should some anonymous Slovenians require a photo of the interior of my glans a couple of years down the line? Verify me once or fuck off. |
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Why aren't people simply wiping it completely before even attempting the firmware upgrade? I wouldn't bother dicking around removing individual apps. I'd simply nuke it and start again from scratch. Just do the wrong pin three times and you have a blank slate.
Obviously make sure you have your seed in order beforehand.
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2. No, no one can deduce those two addresses are from the same wallet
as long as you don't use them in one single transaction or use the change with another address
I believe that if someone obtains one private key it is possible for them to figure out the seed in which case they can link you to other addresses. The only likely instance of that is when you're entering a private key in third party software to get a Bitcoin fork, but if you're doing that you should be abandoning all addresses linked to that seed anyway. |
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Huobi makes me nervous. I've never had an overt issue but there've been all sorts of odd glitches and I don't really trust anywhere that can't be bothered to remove its Chinese from the supposedly English side.
I've no idea how much work it is for them to retrieve this, but a customer may award them tens of thousands of dollars in fees over several years of trading. Charging them to rectify a mistake signals an underlying contempt to me.
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The United Kingdom does not want to be left behind with this kind of innovation. They also seen the beauty of bitcoin and thus they also launched bitcoin futures.
It's just an exchange that launched it, and a tiny one in the global scheme of things. The sum total of the British government's position on all crypto is a few pages from four years ago from the tax man as far as I can tell. The UK appears not to care in the slightest and may well find themselves totally left behind compared to the more proactive economies. |
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