Why is gold a safe-haven to begin with? What makes gold have a price? The mining cost is irrelevant to the extreme valuation of this asset.
Gold has no intrinsic value. The price is what people believe it should have. I remember a no-coiner proclaiming a few months ago that Bitcoin has no intrinsic value.
This statement is not true as it does have a huge production cost which in turn supports the security of the network. In my opinion it is gold that is not a store of value anymore.
Bitcoin's value is largely decided by trust. Same goes for gold. It has a history that goes back thousands of years. A fistful of gold in 300 BC still buys plenty of stuff thousands of years later. That's pretty compelling to many people. Gold's actual qualities have settled its fate too. It's relatively common, but not too common. It can be shaped and reformed easily. The colour turns us on. It does have some actual usage, though that only contributes to a fraction of its value. Personally I have less than zero interest in gold but I doubt it's going anywhere in our lifetimes. |
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It's dependent on your definition of a safe haven. If we're talking one's investment value then that's a big nope for me and anyone hawking that view is suspect. Anything could happen still. There's nowhere near enough track record to come to that conclusion.
If we're talking about shielding your wealth from seizure and being able to transport it across borders unmolested then as a literal safe haven there's nothing else like it.
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In theory they do can hack even such addresses but to do that they need to calculate all possible private keys that could only mathematically exist, using as a basis the single constant (i.e. base point G) which would known to them and match priv keys found with addresses. It's easy as that (joke, if there is somebody who didn’t understand )
Some day there might be computers the size of galaxies, or that actually are galaxies themselves, that can pull that off in seconds, not that we'd likely need money of any sort by that stage. |
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Keep in mind that a lot of them were using Wirecard for the back end so who knows which ones still work. There are going to be issues for a while with that.
After that kicked off I turned out to have three Wirecard-issued cards, two of which I couldn't remember having but they all emailed updates regarding it. They're all back in operation now but who knows for how long. It was the Financial Conduct Authority in the UK who shut them down which I presume only applies to Brits and maybe Europeans. There's also Wirecard Singapore which seems to be an even shoddier operation so these cards may or may not work depending on where you live. |
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Just went back today to go for the max ($500). Fees cost me $8.12 total, some 1.63%.
That's pretty damn good. That's less than the cost of most crypto debit cards. Coinbase charge a flat 2.5%. Wirex cards have a spread they don't mention plus 1% so they're about 1.7%. And if you factor in trading and withdrawal fees that's competitive with some exchanges for low amounts too. If interested, act soon, as I am sure the rates will go up after July 31. I have no idea how much.
From a post linked above - "It's a temporary fee reprieve until July 31, available exclusively at CVS, Rite Aid, and 7-11. The regular fee for LibertyX is 8%. Part of that goes to the merchant (3%) and the rest to LibertyX." So this is a very temporary good deal. After that it's... ungood. |
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OP, you should put your entire post in quotes since the whole post is a quote. People get funny about that.
They probably were the FSB and even if they weren't the judge probably got half the BTC for that ruling.
I find this pretty weird. There are tons of things with value with no legal status other than being property and that should be enough no matter what legal system it is, not that Russia really has one any more.
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India is becoming the new Russia, a place where so much empty shite is threatened about BTC that everyone gradually stops paying attention. People who are interested will ignore then and get on with it.
India becoming a crypto wasteland would be a shame but no great loss, it already is one. Indian government policies seem crude and abusive towards its population so I expect there will be some formal restrictions soon. Ah well. More for us.
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There are many people haunted by the tangible goods they bought with BTC back in the day when prices were lower, imagine how you'd feel if you looked back at blowing future thousands on paying some stumpy, sturdy lass from the provinces to wiggle her bum at you in a deeply bored and repelled manner.
I would genuinely prefer to send the money to a burn address. At least you're making an infinitesimal contribution to scarcity.
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The theory is a quantum computer needs the address's public key to derive the private key and thus do its thing. The public key is only published for others to see when a transaction out of an address takes place. It can't crack information that it doesn't have so as long as you don't move it can't obtain that info. And that's why you'll need to empty your address when you send.
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Buying property directly with it.
That's the biggest purchase most people will ever make and the idea of having to dick with exchanges and banks adds a whole lot of time and nerves. Perhaps it will be commonly accepted in a few years but right now most sellers will still think you're a mad assassin.
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Yes. I expect at some point the hardware wallets I use will become so compromised I won't trust them any more. I'd continue to store the seeds they generated back in the day and input them in a better system when the time came to access them. Would a bitcoin millionaire trust his funds to a scrap of paper and put it in a safety deposit box? I’m just trying to understand options safe storage. Thanks!
What some do is split the seeds or keys up and store them in different locations. I personally would not trust a safety deposit box. The operation could close or there could be a misunderstanding or a mix up. I'd want total control. |
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Report it but don't pin too many hopes of anything coming out of it. You may get lucky some day and you have to be in it to win it anyway. I sell bitcoin for 70% of the cost of bitcoin!
So you answer a Bitcoin fraud thread with an attempted fraud of your own. That's a prime dick move right there. |
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That's the point though - the funds are recoverable, and easily so, as evidenced by the fact that Coinbase have now swept OP's misplaced coins in to their central wallet. It's just that Coinbase only care about their own profits and don't care about their customers at all, and so they are quite happy to steal coins from their customers like this and simply take them as profit for themselves rather than spend 2 minutes to send them back to their rightful owners.
I can certainly see why Coinbase wouldn't bother digging out private keys for individual customer screw ups, it's time consuming and may involve security disruptions. Other exchanges will but they can charge up to $200 an hour. But what they should've said here is that we'll sweep a load of our addresses at some point, as they clearly have in this case, and sort you out when it happens with no guarantee of when it'll happen. I'd be making a bit of a fuss though I presume they have a T&C to hide behind. |
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That smell the fanboy when you write a comment to defend cobra, that's all. He's right to lie about a company and to fire someone the same day, but he's a good person  no, don't tell me that. Don't tell me sh*t like this. Thank you  Respect me, don't lie to me. Via our exchange you have proven yourself to be a man of conviction, diligence and generosity of spirit. You have a supercomputer for a mind, the body of Flo Jo, the wealth of a thousand Buffets yet you wear your superiority lightly as you walk amongst us like a God from Olympus. I've never respected another human more in my entire life. I also fear you. But the request to come up with something, anything still stands. |
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Just to hop off-topic for one second: is cryptotalk.org still active and paying its members to post there? I figured that shithole of a forum would die as soon as Yobit stopped hyping it up, which they seem to have done.
If cryptotalk is still active, my guess is that there's probably a lot more of these examples of plagiarism, because the last time I visited that site some of the threads were ripped directly from here, and I'm sure there's got to be a lot of cross-posting and content-stealing going on. This is a blast-from-the-past for my bee's nest of a head. I hadn't thought about Yobit OR cryptotalk in months.
They've stopped paying in Bitcoin and now have 'Talk' which is their own shittoken. There will also be a three month wait before you can withdraw this modern economic miracle so I expect that forum to be a twitching stiff within a very short time indeed. It was born dead anyway. |
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Please, list his "successful operation" and prove me it. Thank you very much Anyway it doesn't mean anything, a lot of people are doing a lot of good things in order to scam you in the end. Don't talk to me like you talk at a sheep. 'Successful operation' means the website has been up, visible and run for the right reasons from the moment it launched. That has been the case since 2009. There has never been any suggestion it has attempted to mislead people. He's a bit of a weirdo and possibly several people but not a scammer. If you're going to claim otherwise and claim something that no one else ever has then you'd better have some compelling factoids. Let's see them. |
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And what about the fact that cobra is using bitcoin.org to ask donations and also that he put a new bitcoin address since June ? this guy look more like a scammer and a very untrustable person according to multiple facts. Bitcoin.org should not be used to ask donations.
Please list the 'multiple facts'. He can point to many years of successful operation and the, sometimes, grudging respect of many people who are respected themselves. As for donations, no one is forced to donate and most Bitcoin fans are too mean anyway. There has always been a donation address on there. |
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If I owned that domain, I'd honestly make it a business lol.
I'd find the constant scrutiny and hysteria such a goddamn ball ache I wouldn't be able to tolerate it myself. It's always going to be a hot potato so I'd try to cool it off as much as possible. The fewer centralised points of contention the better in my eyes at least. |
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I don't think newcomers realise how disliked plagarism is here, and I don't really get it either but it is what it is. They will be visiting instant death upon themselves.
My own favourite was someone plagarising me literally the post below. At least put a little bit of effort in.
And when you add up the time expended on putting together posts plagarised from multiple posts or using the services to disguise it you could've written your own post in less time.
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