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It's been a while since the hostile and friendly bank thread got an update think this is worth noting
Thanks for sharing
Edit In: You already did so good job ^^
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Same here...i met 1, one single person who owns few coins!
I went to a bitcoin meetup on average it was more like 90% of people who owned coins That said on an average day you will not find anyone with the exception of your friends that you convinced to use it Then 5 to 10 % adoption hehe |
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This one is news to me never heard of the bonus army protestors
Seems like a logical course of action for the soldiers to want their wages and an attack from the government
It does serve as a pleasant reminder that all countries have a side of history they don't want to come to light
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When do you think BTC will reach $50,000?
If the Winklevoss twins are correct, BTC will reach $40,000 to $50,000 a piece. When do you think that will happen? I am still waiting on the ETFs for BTC to hit Wall Street. Then just about every single Joe Blow can invest in BTC through their 401(k). That would be interesting times.
Will any of you here become a millionaire if BTC hits $50,000 (of today's purchasing power)?
I would say at this pace it could be anywhere between 2016 and 2019 However I could be grossly mistaken and it could happen as early as late 2015 That said I think it will take a while till we see those prices and it is still several years away Considering Bitcoin went from 0 to 1000 dollars in around 3 to 5 years it will take another 3 to 5 years to reach that point |
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There are some fantastic new bitcoin startups we're excited about for sure, but what are your ideas for bitcoin related businesses for non devs? Looking for fresh, out of the box startup/business ideas for the non technical sorts like me, or traditional models that can be revamped for bitcoin? Or, things you'd like to see but don't have the skills to make it happen - maybe you can inspire some devs out there looking to get involved to make it happen. These would be good to start now or within the next year or two before "everybody and their mamma" are doing it too. Great ideas? Share  Something a common joe can do that can be revamped using Bitcoin that's actually a tricky one I would say helping people use Bitcoin and teaching a course on the technology would be something a non-dev could do. Sort of a Bitcoin helpers (Similar to the Geeksquad) |
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Making up for the secondary source and adding this one http://www.entrepreneur.com/article/234463Nicolas Cary is convinced Bitcoin is as monumental a game changer as the Internet itself. He believes in it so much that he’s perfectly fine with getting paid 100 percent in the world’s first digital cash by his employer, Blockchain.info, the popular Bitcoin wallet and block explorer he leads as CEO (and chief bacon officer). Actually, everyone at the York, England-based startup gets paid in Bitcoin only. The company doesn’t even have a single traditional bank account. Continued in Article |
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Say, at some point big banks and hedge funds make an agreement with core developers to remove the limitation of 21M and have the foundation vote for this?
Is it possible in theory and on practice?
It is possible but only with the consensus of the network this would then result in a Fork However I do not believe it will work in practice although Bitcoin has been forked once before by accident https://bitcoin.org/en/alert/2013-03-11-chain-forkSimply put it would be very complex to do so without consensus since it requires all users to create a single block chain compatible with all bitcoin software. |
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Possibly, the reason I say this is that they would require a bit more technical knowledge on the aspects of Bitcoin to invest in it
That said Bitcoin happens to be one of the best and worst performing assets depending on when you bought your Bitcoins and also one of the largest return profits.
It might have changed with the rise of altcoins but the risk return may be higher than a traditional stock investment.
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It will still take some time for Bitcoin adoption to get to that scale
I think it was if everyone has 1 BTC then 21 million people would have it
A tenth of a Bitcoin means 210 Million people if it was divided to a mbtc 2.1 Billion etc.
So if it does go up to scale having even a bit would be quite a large amount in the long term.
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I'll admit that it makes sense to hide assets in Bitcoin
I never really put much consideration into the implications of using bitcoin for divorce to disguise income since the exchanges would likely need to forefeit this information if requested
That said we live in a time of transitions so this may be a viable option if people do not know what questions to ask.
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Summary: The SEC announced charges against the operator of SatoshiDice and a bitcoin marketing site for selling unregistered securities and taking bitcoin as payment. In a release, the SEC said the operator, Erik Voorhees, sold millions of shares in the two sites without registering the securities as required by law. Voorhees, who took payment for the unregistered securities in bitcoin, will disgorge around $15,000 in profits and pay a fine of $35,000 under a settlement agreement. From: http://gigaom.com/2014/06/03/sec-charges-owner-of-bitcoin-sites-for-selling-unregistered-securities/(Secondary Sourcing) Just noticed this was noted yesterday |
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Patrick M. Byrne, the CEO of Overstock has never said that the Bitcoin-based sales has declined in the site.
According to him, thus is what happened.
1. On the first day, a record-breaking $126,000 worth of merchandise was sold for Bitcoin.
2. It gradually declined to about $4,000-5,000 per day after a month.
3. By mid-April, there was an upswing, and the sales increased to $8,000-10,000 per day, where they are staying right now.
So the Bitcoin sales in Overstock are gradually climbing upwards, not the opposite.
Thanks for clarifying that point I was starting to get curious as well That said I think the market is growing and the daily transaction volume as well, that said it will still take some time for the sales to increase significantly but raking in 10,000 dollars a day is not bad. But its more like 20-30 K Bryant so was wondering where your newer numbers came from According to Overstock.com CEO Patrick Byrne, Bitcoin has settled in the “$20k to $30k” range, and is “gradually increasing from there.” The article said it is growing though http://techcrunch.com/2014/03/12/overstocks-bitcoin-purchases-account-for-less-than-1-of-revenue-but-its-growing/ |
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You know Rand Paul leads in the race when its a non-election year
That said who knows if an event is triggered like another Fiscal Cliff and a viable alternative appears
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We have to pass through this mad period. Essentially, one should say that 99,9% of all alt coins will die out.
I agree we are in that mad period right now That said these IPO's would be illegal in the US but that means US investors need to be extra careful or avoid them entirely if they were to the code. |
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Fees decreased E-mail Post ____ Hello CAVIRTEX clients! Welcome to the June newsletter. My name is Sofia, and I’m one of the customer service representatives at CAVIRTEX. Below is the newsletter from our CEO, Joseph David – if you have questions about one of the items, or need to get in touch with our support team for any other reason, please send me an email, and we will do our best to help you out. Best regards, Sofia Russo CAVIRTEX Customer Support _________________________________________________________________________ Hello CAVIRTEX customers, June has arrived, spring is turning into the summer, and Bitcoin is on the move - it's a great time to be a Bitcoiner! We are committed to constantly enhance our services, and we've been closely monitoring feedback from our customers for ways to improve our exchange. On that note, we have three big announcements. 1) TRADING FEES REDUCED BY OVER 50%! The Bitcoin exchange business is rapidly growing around the world. To stay competitive we are drastically reducing our fees! Unlike other exchanges, we give you credit for 120 days of BTC volume, not just 30, so if you trade 100 BTC and 3 months pass, you would still qualify for our second fee level of 0.6%! Our new fee structure is now live at www.cavirtex.com/fees. 120 Day BTC Volume - Fee Less than 100 0.75% Less than 200 0.6% Less than 300 0.5% Less than 400 0.4% Less than 600 0.3% Greater than 600 0.2% 2) FREE IN-PERSON DEPOSITS ACROSS CANADA WITH DEBIT OR CASH We're excited to announce the in-person bill payment deposit option, and to celebrate we're making it FREE until July 1st, 2014. Using this option you can deposit up to $9,500 at any MoneyMart, CashMoney or InstaCheques location. To complete a deposit this way, simply setup the deposit invoice within your CAVIRTEX account from the Deposit CAD section and then go to any participating MoneyMart, CashMoney, or InstaCheques to pay it using your debit card or cash. Our site will show a fee until an update on June 8th, 2014, but they are FREE as of now. To get a fee refund simply submit a ticket. 3) ACCESS THE TRADING API Our new trading API is available! This new system lets software developers integrate CAVIRTEX trades into their own systems with endless possibilities. New features include variable permissions for devices and security tokens. To apply for access, please email reed@cavirtex.com or mike@cavirtex.com. This is the first of many announcements we'll be making this summer, so stay tuned for more exciting developments. Joseph David CEO, CAVIRTEX |
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These times are merely a test of faith.
Bows down I'm hanging around with Jesus Christ on the Bitcointalk forum Woot Woot A well needed laugh indeed |
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It seems like a good time to followup on this asset
When is the next financial report due for Seedcoin and how have companies progressed so far.
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This is not really a press note
I think it would make more sense in Bitcoin Discussion or the Services thread
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