In my country, I have to fill a form every year for the tax department, including my year end bank statement and the salary bill.
Together with some major bills for insurance and healthcare, that's all they get.
So I can hide cash under the bed, or have an overseas account, or have some Gold bars, etc. The goverment has to thrust me quite a bit.
They can check some transfers, but if you like to hide it, you can do it.
So the actual way of getting the real numbers is quite bad.
In Bitcoin
If the Tax department makes it a rule by law, that you have to report every BTC address you own, or every wallet you own ...
All problems solved, because then the Department has also the addresses of the petrol station and the deli you spend money.
In no time the system knows which tax counts here and can claim the respective amount from both sides.
Sure it is still possible to hide Bitcoins, but then it is illegal.
...or did I miss something?
People who will want to evade taxes will just not report all their addresses. They will keep coins on separate wallets, use multiple accounts on exchanges and other services, run their coins through mixers, exchange Bitcoins for some anonymous alts like Monero, Zcash and Dash, and then convert them back to BTC. If you are not dumb, you can hide your coins well enough. But of course noobs will be getting caught, like they are getting caught today on this forum, when they have multiple accounts and try to join signature campaigns, and when managers check their addresses, they get proof that multiple accounts belong to a single person. |
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Have you ever wondered how would the world's economy be like in the future as a cashless society? Perhaps, with the increased traction of blockchain acceptance nowadays, could lead to the creation of digital fiat currencies powered by blockchains that are managed by governments themselves. With this in mind, there would be no need for physical cash, as digital fiat currencies would provide many advantages such as quick settlement, global payments, full transparency, implants use on citizens to make payments, and more. If this becomes a reality, which I'm sure that it will, it would radically transform our lives for the better and reduce criminal activity as a result of the full transparency and auditability that a digital fiat currency would have thanks to the power of the blockchain technology. Also, it makes me wonder if cryptocurrencies like Bitcoin would exist by that time, or will they co-exist with digital fiat currencies. Nevertheless, I would like to know your opinion about this.  Why would governments need to put their fiat currencies on blockchain? It's very inefficient, the whole point of blockchain technology is immutability, which is the opposite of what government wants - control and regulation. In my vision of the future, digitalization of currencies will lead to increased control over population, right now governments can't easily track your cash spendings, which is why cash is used by criminals, black markets, bribes, etc. But in a cashless world it will be impossible to do any non-monitored transactions, unless you are using crypto. Which leads to a thinking, that crypto will be outlawed as "criminal money". |
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"Regulators Needs the Blockchain Master Key" — Morgan Stanley http://internetmarketing.freedombucks.ws/morgan-stanley-regulators-need-the-blockchain-master-keys-3/Insecured Elites are about to takeover the Blockchain. It's more like few people taking over the Internet. For the first time in my life I am very terrified of our future. This people are not government, I know what they are capable of. They claim that regulating the New Internet (Blockchain) will increase the price of Bitcoin, this is a big lie. Why are you not worried brothers? . How can you create a beautiful technology only for a few dangerous people to hijack it. The people we are about to entrust the Blockchain network on are capable of wiping out a whole community. They are dangerous people. Wake up everybody, we are about to be enslaved. Wake up. Your title is too alarmist, no one is going to hijack Bitcoin, because it's inherently impossible. There are no "master keys" to Bitcoin, and in order to create them, the hardfork would be required, but obviously no one is going to support it. It also would be extremely hard to gain 50% of hashing power, and even if they can, Bitcoin devs can propose fork of their own and change algo. No government or bank can win a war against Bitcoin. |
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According to my friend preev.com, as of press time, the value of Bitcoin is standing at $2,351. Though I would say that this still considered as a feat, some are worried because it almost reached $2,800 again after the correction that happened days ago.
I have read that the decline can partly be contributed to newcomers especially neophyte traders who still have to be well-versed on the market...and can easily be ignited to do panic selling once they can fell that anything can be wrong.
Against this backdrop...are you holding on to your Bitcoin or transferring it into another digital currency?
It's always panic time. People panic buy, because they don't want to miss their moon tickets, and this is pushing the price up and up, than someone starts selling, and people start panic selling, because they are afraid to lose money and think they can buy back at low price. This is the nature of volatility, and if you are a long time investor, you shouldn't worry about it and just buy bitcoins when you think the price is suitable, and hold them for years to get some big 1000% profit at the end. If you don't plan to become a day trader, you can just relax and don't worry too much. |
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I just found out about this project of Casino that will be opened and it has 0% Edge and I just thought, seriously, why we pay an edge in online Casinos?
I mean in Traditional Casino they need this Edge money for all the environment and all the feeling, a lot of employees and all the little things they give to us but in Online Casino, we don't get this, so why we need to pay? For them to be rich? Just this idea really annoys me.
I really hope this project will work out!
First, online casinos have their spendings too. They need to pay for servers, they have stuff like moderators and support, they have to pay for development and maintenance and marketing. This means that they have to cover those spendings with their profit, otherwise they will be operating in a loss. And then, what's the point in 0% Edge casino for owners and operators? They will be giving out their time and money and not guaranteed to get profit in return just so some people can gamble with no edge. I can't see any reasons why someone can do this. |
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I think there have been lots of scam accusations related to casinos over the last few months. Moreover, as most of people gamble using btc, they get nervous because of trasactions pending longer than before. I think that these are main reasons why gambling is becoming a less interesting topic. Nevertheless, I guess some huge improvements are being made without many people noticing them. Ethereum allows to perform smart contracts and make decentralized apps. This ensures people that no scamming can possibly happen. Moreover, I guess transactions are performed a lot faster on eth platform than with bitcoin. An example of such a casino that operates on eth platform is vdice. They have more info in ANN thread ( https://bitcointalk.org/index.php?topic=1523503.0), you could check this out and perhaps that will seem interesing to you. What is your attitude to altcoin-based casinos? And are there many you know of? Do you think such things could make the world of gambling better? Altcoins can definitely solve the problems with transaction fees and speed that plague Bitcoin's network, but I'm not sure if smart contracts are good enough to build some serious project with them, like decentralized casino. On paper it looks brilliant, but in reality there will be many vulnerabilities, that might cause problems like exploits, which can drain casinos bankroll and leave investors robbed, or some bugs which will lead to loss of players funds. It would require a lot of time and work before decentralized casinos will be able to compete with nowdays bitcoin casinos. |
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Keep buying and invest it inside trading while waiting for the price to rise up again the future ahead is really big for this digital currency so its not the right time to panic or being shake to whoever doing this mass downfall if this is just another corrections or there's really an issue behind just hold on and wait.
As an investor you always panic when you see your asset valuation going down,that is a normal situation and people do sell off their assets if the market is going for a big correction,first thing is never invest when the market is high and if you are careful about that then you will never end up in a loss. It's really hard to tell if bitcoin is high or not, not long ago it grew from $650 to $1000 and people were selling because they though it's the top, but it kept rising, to $1300, $1700, $2000 and so on, and those who were brave to buy Bitcoin despite that it was at the "high", are rewarded with opportunity to sell today and get their 30-60% profit or even more. |
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Well well,
I announced it before, but now its official: The king Bitcoin is death.
Who killed it? miners with their big fees day after day. its 7 dollars right now and gonna increase day after day.
Bitcoin is no longer suited for small transactions, speed stransactions. Peoples with small account are no longer welcome by Bitcoin miners.
Ethereum gonna be the new king for some months, but he is like bitcoin.
With increasing fees gonna be dead soon too.
When i said dead it means no longer number 1.
And then a third new king gonna came and stay there for maybe years, a king Altcoin with free transactions fees, very speed and secure transactions.
Maybe this king is already there: IOTA .
With something innovative than the very slow and high fees blockchains system.
It is sure that IOTA gonna be the next king, and from there the real decentralised decade of Altcoins gonna start, with more projects more decentralised than IOTA to try to be the Futur King.
I'm not an IOTA, Bitcoin, Ethereum defender, i dont give a shit about them. my only concerns are a fair,secure, too much decentralised, with no fees coins to be the new model.
Bitcoin has 8 years of history, while all the altcoins only have promises and hype. Of course Bitcoin is farm from perfect, in terms of speed and costs it's far from Visa or PayPal, but altcoins are just worse. It may seem like they offer cheap instant transactions, but their networks have never been under any significant load, if people tried to use them as much as they use Bitcoin, altcoins would quickly face the same problems as Bitcoin. |
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I think carrying Lego is actually quite suspicious, since they have a lot of spots to hide something and people usually don't carry unsealed packs of random Lego. Anyway, why would you want to hide a microSD card in airport? Is that illegal or what? You could also just memorize your wallet seed - it's only 12 words, and turn your brain into a backup storage of your Bitcoins Yeah, I don't trust my memory for that, even though I can memorize 64 alphanumeric characters, LOL. All my bank passwords and logins are random looking. This was more of a fun idea. Truth be told, I would just print a paper wallet or write the words in a normal book I carry. The microSD card is for convenience. I still use Bitcoin Core, so my wallet.dat file is about 8mb already after so many years. Might switch to the new HD format it now uses. I just ordered a binder and some sheet protectors, that's probably where I'll stick my paper wallets in. Or stick the memory card in my bi-fold leather wallet, the one that holds my credit cards and fiat paper bills. I mean it already has a bunch of smart chips, x-ray isn't going to bother looking. Password length adds much more security than "randomness" created by additions characters, numbers, etc. Hackers can crack with brute force most of "random password" with 10 or less characters within a few days. As for wallet seed, it might be hard to memorize 12 random words, but you can encrypt them with, for example, 10 words that are easy to remember together, because they form a phrase. You can than store encrypted wallet seed in some cloud storage, so your backup is no longer weak to physical destruction. |
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And because it's stable and predictable, it acts as an *international settlement system*,
Bitcoin is neither stable, nor predictable, if it's less volatile than altcoins, it doesn't mean that it's price isn't the problem for people who want to use it as a currency. Of course Bitcoin is very likely to grow in long term, but short term value is very important for a currency, you don't want to receive something that is likely to lose 5-10% of its value at any moment.
But the transaction fees are killing me!
- Many cryptocurrency users recognize the financial and human costs of ledger transparency and mutability in the existing financial system, but didn't realize that the cost of immutability in a cryptocurrency could be the same or higher. Consider that correspondent banking is complex and costly, but those costs are absorbed by everyone who participates in the financial system (mostly taxpayers). At the moment Bitcoin users subsidize the current financial system through their taxes while also incurring the costs of their Bitcoin transactions, so the pain is naturally doubled. Users in different countries will also experience different transaction cost pain points, and some people will leave in search of something else to buy their coffee with. Sorry, there's no such thing as a free lunch, and billionaires that have been paying thousands to keep their transactions private in the existing banking system have no problem outbidding you on your next transfer, and in fact will likely have more trust in Bitcoin as the cost of using it increases. User behavior will update accordingly, and people will really "become their own bank".
Immutability is worth the price only when you really need it, otherwise you are just burning your money (and a lot of money) when you "buy your coffee" with Bitcoin. Right now transaction fees are so high that Bitcoin can't be considered a currency, but instead it should be called an asset, "digital gold", "immutable storage of value", etc. |
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i think its a bad idea to gamble on online casino , its better to do gambling in actual casino , maybe for others its a good thing for them to play online gambling ,
It's not true, there are many benefits in gambling in Bitcoin casino instead of real. First - much lower house edges. In Bitcoin Dice you can find house edges as low 0.8-1%, while in real casinos the lowest house edge would be 4-5%. Bitcoin casinos do not require any ID's, you don't have to pay taxes. If you are concerned about fairness, than you should look into Provably Fair systems of online casinos, they mathematically guarantee that each bet is truly random, so there's no need for state regulators. |
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The days of doing small purchases with bitcoin are over now. The fees have risen too much to make this feasible.
Bitcoin is changing more to a store of value in its current shape than a currency.
You are right, even one year ago transaction fees in terms of both satoshi/byte and USD value were much lower, for example you could pay 10 sat/byte, which would be 0.0001 BTC in fee for 1 kB transaction, and that would be only $0.04-0.06 for ANY transaction - be it $1000 or $1. At that point the only downside of Bitcoin was volatility, but today we have both volatility and giant fees, which means it's very hard to use BTC for both merchants and customers for their daily transactions. |
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I have been trying to read a lot about the possible hardfork, though I still get a little bit confused on some of the steps to take and i am sure some newbies don't even know if they are in danger of loosing their coins or not. For example, I know it is a necessity to move your coins to a wallet you can control the private keys or find out if the web wallet you are using will be ready to adjust to both sides after the fork or not. I know there are some things one might still need to consider as well which I don't have a clue. Also, what is the best light desktop wallet to use for a newbie from experience to help achieve being able to control one's private keys? I hope this helps me and other newbies as well.
I'm planning to convert some small part of by Bitcoins into some altcoins, like ETH or XRP, in case the hardfork will turn out to be very messy and both versions of Bitcoin will crash and even combined will cost less than 1 BTC today. It's always nice to be prepared for anything, and there's a small chance that Bitcoin will lose it's #1 position in the future |
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Hello friends,
How think if I start Gambling site use only Monero.. is this good idea or not?
Thanks.
That's actually a very good idea, because some people want more privacy than Bitcoin or other altcoins can offer, so by creating Monero casino you can fill that spot in the market. From technical standpoint there shouldn't be much differences between Bitcoin and Monero casino site. You can also expand your currency options to Dash and Zcash as they are also anonymous, so you can offer your players more options in the same field. |
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Every bitcoin evangelists mentions, "The number of bitcoins in existence is not expected to exceed 21 million because of bitcoin protocol." We know the limit of circulation is the one of the very strong advantages of Bitcoin.... However, what happens if Bitcoin Core members or Bitcoin Operation members agree to modify bitcoin protocol ? I think, they can easily change the limit as they like upon their own agreement. Or is that technically impossible  Let me know. Thanks Bitcoin can always fork at any time, anyone can create their own version of it and release it to be available for use and mining. Usually miners mine whatever is the most profitable at the moment, so if the price of a coin is high enough, miners will start switching to it. No one has a monopoly over Bitcoin, currently investors trust Core developers and buy coins of their version of the network, but it's possible that at some day traders will have to decide between competing versions of Bitcoin. |
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The last couple days, the price of ETH went through the roof, due to china having interest in the token, and alot of other big companies and banks aswell.
ETH is currently nearing the marketcap, and if it continues like this, it will pass bitcoin's marketcap before august 1st.
What will happen then? Do you guys think there is going to be a flippening? Will eth take over the role of bitcoin?
ETH is in a bubble similar to Bitcoin's bubble of 2013, it will crash hard sometimes soon. But Bitcoin has UASF ahead, and if for some reason it will turn out very messy, BTC might crash below Ether's marketcap easily. Also, ETH is very likely to get official government and bank support in exchange for regulation and centralization and it's hard to predict how the majority of people will react, maybe they will see it as some guarantee of safety and worldwide adoption, or maybe it will be viewed as betrayal of everything what crypto stands for. |
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why satoshi is hiding? why he dont want fame? he is the creator of the bitcoin right?. is he/she still alive or already dead by now? one thing is for sure he/she is so fucking genius by creating this kind of virtual currency
Because he decided that it would be better for Bitcoin to have a team of developers instead of just one person who will be dictating everything. Also he owns a lot of coins from early mining and people are afraid that he might dump them, but because he disappeared everyone assumes that those bitcoins are lost. If he stayed in public, it would look to some people that he has a lot of influence on Bitcoin, and they wouldn't like it. Also, he probably really didn't want to meet with CIA, FBI or some other organization, so he went hiding. |
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Another of my low fee transactions (25sat/byte) got confirmed recently, it took more than 5 weeks, which is fine for me. Maybe I'll test pushing low fee transactions some day, because it looks like a good strategy to save some money - you can send coins to your wallet with very low fees and in case you will need them confirmed, you just add more fees. Pushing transaction probably costs a lot (my Electrum suggested something like 0.006-0.01 BTC for child pays per parent transaction), but most of the time you will be saving money with lower fees, so in the long run this strategy should pay out.
Really? Can you share with us the tx? Because till now I haven't heard of a transaction that has been in the mempool for more than 10 days without getting dropped. 5 weeks in the pool is a record. Also I think you missed a 0 there , my Electrum suggested something like 0.006-0.01 BTC for child pays per parent transaction) , I doubt Electrum charges 30$ for a tx. Timestamp shows wrong date, it was sent on 2017-05-09. As for Electrum, it proposes those high fees for child pays for parent transaction, in order to get it confirmed both transactions very quickly. |
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I am looking for something new to invest early in, something that is like facebook but it is in its very early stage of development, something that got potential from your point of view, I am only looking for ideas, I will decide myself after reviewing the ideas here. Also I see so many websites which offers binary option , trading that offers you to buy google, facebook and apple stocks. Unfortunately there you do not own anything, they aren't yours for real. I am looking for a website where I can buy real apple stocks or real facebook stocks and me owning them with certificate of owner ship.
There are tons of projects on their early stages of development. Most of them will fail and investors will lose their money. Everyone want to invest in the "next facebook", but chances of predicting what will it be are the same as winning a jackpot. Check out some ICO's, learn the history of previous ICO's, and maybe you will be able to invest in a future big coin that will return you 1000% of your investment. Or you can buy some coins on the exchange, some coins increased 10-30 times in their value over last few months. |
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same is the case with stock trading, The information is incomplete, But the guesses are quite right. Plus we humans tend to leave out patterns and we can't process thousands of games to find a pattern, That's where the bot is good at, Also The Open AI showed many exploits in the atari games which humans did not think of. So saying it won't work before even trying doesn't proves anything.
It works in trading because trading is human activity, and people have patterns which can be used by technical analysis. The bot can buy if the price have fallen to quickly or sell if it jumped to quickly. But in gambling there's no human operators, only random number generators, the only thing a bot can do is to try to find some imperfection in it, but if there is no such or if it's smaller than the house edge, then the bot is going to be useless. Gambling is a very simple thing, and simple things can't be cracked. |
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