We live in a world where we are bombarded with choices and the same goes for payment methods. We currently have a veriety of different payment methods, like : Credit Cards / Debit Cards / PayPal / Payment processors / Charge cards / Prepaid cards / Phone and mobile payments / Money orders / Online Banking ePayments (OBeP) / Cheque and Crypto currencies. looking at the wide selection of options on the table, would you be able to motivate people to adopt Bitcoin, over any of the other options? What sets Bitcoin apart from these other options and how would you differentiate between these payment methods and Bitcoin? What makes Bitcoin better? Let's discuss.  |
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Just a pointer for future reference - Localbitcoins create an online receipt for every transaction you make. I’m sure other wallet providers do the same.
How much money are we talking about which led to your account being frozen please OP?
I think the Bank flags all tx's above $10 000, but they also know what Bank accounts are used by Bitcoin exchanges, so they will flag those to frustrate Bitcoin users. This is just another example of how Banks <centralized financial organizations>, control people's lives. The Banks cannot target individual Bitcoin transactions if it is done between two parties, but they can control Bitcoin to Fiat conversions. So the solution might be to stay away from Fiat and only to deal with Bitcoin, if you can. |
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The world we live in now is moving towards a cashless society, because we are using digital payment methods more than we are using Fiat cash in first world countries. Just look at all the different payment methods that are being used on a daily basis, namely : ~ Credit Cards ~ Debit Cards ~ PayPal ~ Payment processors ~ Charge cards ~ Prepaid cards ~ Phone and mobile payments ~ Money orders ~ Online Banking ePayments (OBeP) ~ Cheque ~ Crypto currencies I see a world where all of these technologies will replace Fiat currencies. |
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The SEC is more torn about losing out on all the tax income that might be generated, if they approved the Bitcoin Futures, than having to deal with the masters that are pulling the political strings on this subject. This is not about the technology anymore, but rather the political games that are being played in the background. Bitcoin is a threat to government control and they are not willing to lose that control. <They want to eliminate any loopholes that might be used to avoid paying taxes and also to control capital flight and even giving people financial privacy>  |
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Hello. Can someone help me with this question below? Thank You
Does Robinhood hold custody of the bitcoin I buy from them? Do they have the private keys? Or does someone else hold custody. Thanks!
Robinhood says they keep all coins in their custody, yes. See here: Cryptocurrencies that you purchase on the Robinhood platform are stored in a mix of hot (online) and cold (offline) storage. We use cutting-edge security measures that are both process and technology-driven to secure your coins. If you transfer the coins to your own Bitcoin address, then you own the Private key and only then "own" the coins. Wallet providers <Web wallets> also work in the same manner. Unfortunately, you can't actually withdraw coins from Robinhood, even though the coins are supposedly held in their custody (not derivatives). It's strictly an investment platform where they hold all assets. Supposedly, cryptocurrency deposits and withdrawals are coming in the future. I actually just mentioned that to strengthen my point that you do not own the bitcoins, if you do not have sole access to the private keys. This was one of the reasons why I did not want to use this service, because Robinhood is just shifting numbers around in their own internal database and you will never own the bitcoins/assets that you bought. I doubt that withdrawals will be implemented in the near future, because you do not have to own any bitcoins if you manage your own internal ledger. <Not saying that it is, because they are being audited, but it might be tempting> |
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bitcoin being censorship resistant means no matter who you are and no matter where you are coming from the network will not prioritize or reject your transaction.
Yes, Bitcoin on it's own might be censorship resistant, but the moment when you use centralized services to access and use it, you lose that privilege. Taking people who live in New York as one of the more obvious examples, anyone there can use the Bitcoin network itself totally unhindered to send and receive bitcoin transactions to anyone in the world. But as soon as they try to register for third party services, they may find they can't do that in some cases. Many businesses are now blacklisting New York residents over regulatory concerns. These people, through no fault of their own, are now restricted in their options of the companies and retailers they can do business with. The result becomes a payment network where you can't necessarily send payments to everyone you might want to. It's a tricky one. New York has some shady history with regulation, since the introduction of the BitLicense. It is obvious that the regulators in New York wants to place a barrier to entry for Bitcoin use and they want to make it difficult for Bitcoin to survive. The small minority of filthy rich people wants to eliminate the threat to their little empire. < Banks / Stock exchanges etc. > People just need to go back to the basics and that is to use the technology without all these centralized <regulated> services. |
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Paper wallets <multiple copies> has always been the go to option for long-term storage. The coins is not stored in a centralized service and nobody has access to your private keys. The secret to good cold storage is the creation of the paper wallets. You have to create these wallets on a media that is not accessible to the internet. <A second hand computer and printer, that are not connected to the internet> You also need at least 3 different locations to hide these paper wallets < Protect it against fire/floods/theft and any other disaster that might happen > |
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Bitcoin will always be a topic of discussion, no matter if it went mainstream or not. People still talk about famous people, long after they are gone. It is the impact that this technology has made, that counts. Bitcoin will always be the first Crypto currency and the technology that opened the door for other Alt coins or Blockchain based technologies. A better technology might replace it, but it will always be the anchor technology, where everything started.  |
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They say nothing about this in their FAQ and I figure they work the same as any other exchange that sells coins or securities. The Bitcoin addresses that they use, is their property and you cannot even ask them to sign those private keys on your behalf, because you do not own them. If you transfer the coins to your own Bitcoin address, then you own the Private key and only then "own" the coins. Wallet providers <Web wallets> also work in the same manner. |
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This might be a stupid question, but why are the Server seed generation delayed? See this ---> http://prntscr.com/lbchsl <Should this not be displayed immediately to show that the seed is not rigged?> I use Freebitco.in Multiplayer Server seed as an example, because that is given as a verification, the moment after you placed a bet, so there are zero delays to provide the Server seed.  |
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What counter measures are in place to stop people who wants to use your platform to promote their scam ICOs or scam projects? It will be very bad publicity if your site is fingered for promoting "bad" projects. I have seen similar "review" sites that are only used as a Sockpuppet kind of service for the owners hidden projects. He promotes his own projects and bad mouth other services that use his service. <This is very applicable to Crypto currency based gambling sites.> |
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Is that all? Do you just took this text from anywhere and do not plan to move cryptos forward yourself? I think the forum is not the quite right place for posting things like that, because of everyone here know crypto and use it, by this every user of the forum promote crypto and keep the price on a high level. The thing we really need is to attract new people into crypto, but it doesn't need to look aggressive or people will simply think that it's a new form of scam. So, here, we need to think how to attract more users.
Please do not post crap in my thread, if you cannot add something constructive. I just posted this to share this unique incentive scheme with other people, who might be interested. I have not seen any of the bigger exchanges doing anything to promote Bitcoin awareness and I think this should be a good example to all the other services to start doing something to promote Bitcoin use. You can do Bitcoin marketing without being too aggressive. There is a big difference between people phoning and harassing people daily about Bitcoin stuff and just hosting a competition to create Bitcoin awareness.  |
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Plus electricity cannot be stored.
FYI: Electricity can be stored, 1. Batteries 2. Flywheels 3. Gravitational potential energy using a pumped hydroelectric facility. 4. Compressed Air Energy Storage 5. Rail Energy Storage 6. Molten Salt Storage 7. Thermal Energy Storage Reference: http://discovermagazine.com/2015/july-aug/26-power-stash  It should have been "electricity can not be stored in a profitable way". None of these ways is what is considered "efficient". It is more profitable to produce new energy instead of storing it. Really? Try and tell that to the 1000s of people who are using Elon Musk's Power Wall for load shifting, backup power, and off-the-grid use. Elon Musk has proven that power storage can be profitable and he invested millions to do just that. Go read more about this project here, https://www.tesla.com/powerwall We need to start thinking out of the box, like Elon Musk and his team of engineers, to reduce Bitcoin's electricity footprint. |
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bitcoin being censorship resistant means no matter who you are and no matter where you are coming from the network will not prioritize or reject your transaction. it will handle all transactions as long as they are valid. or when you have "money" in your bitcoin wallet nobody can touch it, because it belongs to you.
and nobody can change that.
in comparison Paypal doesn't have that because if you are from certain countries you can't use it. or if you have "money" in your Paypal account they can close it and use your money for themselves.
if you have specific case of censorship in mind regarding this then try mentioning that!
I think he is talking about the third party software and also second layer applications that are added to Bitcoin lately. Yes, Bitcoin on it's own might be censorship resistant, but the moment when you use centralized services to access and use it, you lose that privilege. Fortunately this is not Bitcoin's fault when people opt to use these services. They make a active decision to sacrifice their financial freedom and the privilege to use a censorship resistant payment network. |
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I think this is the Last Will and testimony of Satoshi Nakamoto and also a deceleration of War against the corrupt financial systems of this world. He hated the idea that these systems were being used to enrich a small group of people and he wanted to provide an alternative for those people who were exploited and excluded from these systems. He did not say this in the White paper, but we saw this in his other writings and also the clues he left behind. |
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Just forget about these review sites and just use common sense when you invest your money. A review site is just another method for scammers to scam people out of their hard earned money. Use Google and search for scam allegations and also use this forum to see what people are saying about this ICO in their ANN thread. If there are a problem with the ICO, people will have left complaints in their thread. |
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As we witnessed a bearish year which lasted longer than the prediction and some people was it was the bad year for crypto but i feel it was a the year of correction as the value of crypto were overachieved at the end of 2017. Hence we are having a correction period to what the real value should had been? Kindly share your opinion.
Yes, the bubble in 2017 had to be corrected and balanced out for Bitcoiners to make some profits in 2019. Even the stock markets has to go through some correction phase, now and again. I think we have reached the bottom end of the correction phase and we are going to get into a Bull market soon. I hope Bakkt will be the trigger for the Bull market and it will push us back to a even higher ATH in 2019. |
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https://www.luno.com/blog/en/post/currencies-arent-forever-lunosaurhttps://www.owler.com/company/lunoThe existing financial system was built for a non-digital age, ignoring the needs of the modern individual and with many unnecessary inefficiencies and gatekeepers. The world now has access to new technologies like decentralised cryptocurrencies that are quickly making these old systems and ways of thinking redundant. Like communication evolving from landlines to mobile phones, or post to email, money is now finally catching up with other information evolutions. The time has come to join the evolution of money and take part in our #Lunosaur Challenge. You could stand the chance to win the grand prize of one Bitcoin. #This is a typical example of what services must do to get rid of the Dinosaur fiat currencies. Do something innovative and something new to motivate people to use Crypto currencies. Enjoy the challenge to take Bitcoin to the Moon.
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One of the reason I started to use Bitcoin was because I lost money on fraudulent transactions that was done, when my credit card was used illegally for online purchases. I looked for an alternative payment option that was not storing my payment information and this brought me to Bitcoin. This is one of the strongest reasons why Bitcoin is much better than credit cards for online payments. Nobody store any payment details in some exploitable database that can be hacked. |
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" In economics, deflation is a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0%. Inflation reduces the value of currency over time, but deflation increases it. This allows one to buy more goods and services than before with the same amount of currency." - Source : https://en.wikipedia.org/wiki/DeflationSo based on this question - " At present, Bitcoin is going down continuously, so is it a deflation? " your assumption is wrong. The value of the currency must go up for deflation to happen. The Bitcoin price has gone up, if you look at the long-term historic price history. <Year on year> |
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