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I store most of my bitcoin as a long term investment. I also use some if I have to. The usage will increase the value.
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It would be a huge benefit to mankind if proof of work could be accomplished by generating usable power, rather than by consuming it. Inverse hash-cash is a much better mining incentive, and overcomes the centralizing influences of scale created by hash-cash. I seriously doubt this can be done, given the laws of thermodynamics as we know them, but hey, one can never invent if one blinker's one's fancy.
Maybe specialised miners for heating purpose, we can turn that on in winter and shut down during summer. Some are in the north, some are in the south. |
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Not considered as a scam attempt. Just people are worried who they accept Paypal from, it is a known reversible payment method, therefore unsecure for sellers. I would suggest only accepting or using people from trusted or if trusted. Even if amount are infinite.
Agree with you friend PayPal is safe online payment system. I have used it from past years without facing any type of problem. Yes I think they provide special protection against fraud and if they found any suspicions then they want proper proof but mostly people treat them scam because PayPal won't allow them to do illegal activities. It is true for most cases.But PayPal have too much restrictions and the verification processes are really headache for some ppl. But I can say if you follow their rules, you won't have any problem. They have very good service and custmer support. The big problem with PayPal in connection with Bitcoin is the following: Not PayPal itself is the problem, but the danger exists that it can be used by scammers. Bitcoin transactions can not be undone, but PayPal payments. If you accept PayPal for the exchange of Bitcoins, you must ensure that it is not a hacked PayPal account, that you deal with or that it is not an account of a scammer, whose bank account doesn't cover the purchasing amount. |
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Is it worth investing in if one has small amounts of coin? I am hitting the faucets at the moment untill i reach 0.20 BTC or so and then i plan to put it in HAOBTC wallet and see how it grows. Dunno...how much time would it take to grow to 0.50 or 1 BTC? Few years?  The interest rate has dropped recently, but I would reccommend you, to keep your Bitcoin. Only, if you have a solid budget, it would make sense to put a little amount into HAOBTC. |
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Am new here, is it worth investing in
So far, HaoBTC is quite reliable. It is supported by the mining operation of HaoBTC. Their miners are still working. |
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I think the effort of PrivateBank will put it in the forefront of bitcoin payment processor. Their work will be useful for the adoption of bitcoin in Eastern Europe.
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I wouldn't call it a hype cycle. Bitcoin is experiencing a higher degree of acceptance among people, companies and even governments every year. At the moment I would think the next step wouldbe at 5000 $ the next two or three years.
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Does that mean you will be unable to withdraw interest earned for a month until a month has passed? Not sure if I understand that right.
Yes. After you save the money for a whole months, and withdraw, you can get the interest. Otherwise, you will lose the interest. For example, if you deposit on 6 of July, and withdraw on 6 of October, you will get 4 months interest. If you withdraw on 4 Oct, you will lose 29 days interest and get only 3 month interest. |
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In this way, coinbase acts as a kind of an exchanger. You save the money or bitcoin there and exchange it. It is quite handy. But you should only use it, when you use it.Bitcoins are better stored in hardwarewallets or softwarewallets, also mind and paper wallets, where you own your private keys.
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