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No one really has answered my question and the point I am trying to make. Maybe because all the posts made here are mindless and only done innthe expense of their signature campaigns. I will say again that there is NO need for a Bitcoin debit card. Use what works for your daily needs. It is called CASH.
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I would rather use my regular debit card issued by my bank than use Xapo or some other Bitcoin debit card. The annual fees are high and there is no real need for them. A better option would be to keep all my Bitcoins unless I really need to spend them because everything I need can be bought with fiat.
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The scientists are arguing whether the Universe will ultimately implode into one big black hole (so-called Big Crunch) or explode into nothingness (so-called Big Rip). The Big Rip essentially means that all the matter of the Universe including stars, atoms and elementary particles as well as spacetime itself will be torn apart by the expanding Universe in the future. As I see it, the Big Crunch in respect to Bitcoin would mean accumulating all bitcoins in a few or just one pair of hands, but this is not very likely to happen, so the Big Rip seems to be more possible as we see with the price sky-rocketing right now. Given the Bitcoin infinite divisibility, the Big Rip of Bitcoin would mean the price per 1 BTC shooting through the moon and farther into the depths of the Universe, thereby making Bitcoin and its 21 million coins dissolve completely in the financial spacetime... So how likely is this, and what is your understanding of how things might unfold in this regard? Interesting. How is a "sky rocketing" price related to the Big Rip of Bitcoin? Would it not encourage the people to hold on to their coins and avoid spending them? If yes then how can the Big Rip happen in such a scenario unless the coins are given away at almost free cost? |
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Anyone bought drugs with bitcoin and what are you thought on the subject ?
i know i have used bitcoin to buy psilocybe cubensis thank you bitcoin i cold have not done this without you now i can trip watching corry & eastenders in the evening its such a sight.
Personally i didn't buy any drugs, so i didn't buy them with bitcoin either, but if you really want to do that i am sure that you can find some sellers in darknet, you just have to search for that and be careful of course as that is illegal. But if you have choice, don't buy them with bitcoin, as because of drugs selling people think of bitcoin as of bad thing, they think that it is used for drugs, weapons and other bad thing, so less people invests into bitcoinsYou sound like you are either 12 years old or "simple". Who cares what those people think, "those" people do not know anything anyway. In fact we should all be encouraging the use of Bitcoin in all of the dark markets. It is what makes Bitcoin have real value. A simple case of word of mouth can help the dark markets grow and compete with the real world black markets. |
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OP, deny the deal? How could they? They are there to make money, and now they are are the expense of the stupid. Also if what you say is true then this rise nothing but another bubble which I am open that it might be one. It is fun to see that Bitcoin is rising near ATH but there is always a feeling in me, asking if all this is really sustainable.
From your post, OP then the answer is no. An exit will always take place.
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we have all seen exchanges being hacked and lost our precious bitcoins or at least heard about them. and these days i keep seeing these two topics saying there is a possibility for a new one! i say lets talk about a solution. there is no point sitting around waiting for one to happen then start crying! - what can we do?
and don't keep your money on exchange site is not an acceptable answer! because you have to do it if you want to trade, the exchange may get hacked (allegedly or for real) 1 minute after you deposit.
- what is the substitute for these exchanges?
decentralized exchange? how do they work? is there any good one around? why aren't they famous? what are the pros and cons?
i'll admit that i don't know much about decentralized exchanges and i am sure i am not alone here let this topic be a compilation of all suggestion for either an existing solution or future possibilities and ideas. What can you really do if you are an active trader? You need your Bitcoins available for trading at the exchanges most of the time because getting your deposit in your exchange account can take time sometimes. Most of the exchanges require at least 3 confirmations before you can see your deposit in your account. That's the problem when it comes to trading. so far that the only possible way to safe your money as a traders is to get the funds out of the exchanger when your activities on trading is done or it's unnecessary to be there so, it could avoid your funds to be compromised and for now trading without depositing is not so possible Would the Lightning Network help make these transactions to the exchanges faster and more efficient, or maybe also safer since we are dealing with payment channels directly to an exchange. So they cannot really run away with our Bitcoins if they close a payment channel. Unless I misunderstood how the LN is implemented. If I did, please correct me and explain. |
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Drugs are bought with Bitcoins just like any other currency. But what makes a huge difference is, Bitcoins are used largely for buying drugs. Its the main criticism against bitcoins. I dont know how buying drugs using bitcoins can be controlled.
This is quite irritating. Do you have any proof for your wild claim? IMO, less than 0.01% of the bitcoins are used to buy drugs. Many of the dark-markets are no longer active and those which are operational right now have reported declining revenues. Do you have proof on YOUR claim? Where are the facts of your claim, please give us the data so we could se that what you are saying is true. Only .01% of Bitcoins are used in the dark markets to buy drugs, really? That is very hard to believe. The dark markets are growing to become more than a billion $ industry, so there should be more than .01% of Bitcoins in use in there. |
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the fact that all these exchange can not learn anything from the mistake of the other and still leave a great amount of coin in a hot wallet, is telling me that the hacker is an insider
really they can't be that stupid, it must be on purpose...
Yes, everyone is doing it. There are many people out there that made it their modus operandi to scam Bitcoiners out of their precious Bitcoins. With Bitcoin going above $1000, we better store them all in our wallets with private keys we ourselves control. |
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I can see other Bitcoin based exchanges and payment processors either closing or doing a pivot just like Circle did. There is not enough money in the whole Bitcoin economy to have this many exchanges that we have right now. Some of them will have no choice but to close down. The most potent niche in the Bitcoin market right now is the dark markets. The growth potential over there is so big it will become like a gold rush for drug vendors.
Yeah they are some Bitcoin users using Bitcoin to buy drugs in the Dark Market and they use Bitcoin to scam peoples. That is reality. There is a lot of "legitimate" Bitcoin based businesses that are out there to scam the people too. There are cloud mining sites, some of the altcoin exchanges and many more just waiting to do their own exit scams. The foundations of all of Bitcoin is based on scams which created and developed its own ecosystem. |
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I can see other Bitcoin based exchanges and payment processors either closing or doing a pivot just like Circle did. There is not enough money in the whole Bitcoin economy to have this many exchanges that we have right now. Some of them will have no choice but to close down. The most potent niche in the Bitcoin market right now is the dark markets. The growth potential over there is so big it will become like a gold rush for drug vendors.
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I am not an active trader, all I do is buy when the prices are low and hold. I also intend to hold Bitcoin forever. Now I want to ask if that chart above this post is starting to look like one big giant cup and handle? If it is then would it bring us one big giant price move going up?
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Some of these "hacks" are really inside jobs done with the knowledge of the owners and might also be exit scams. There are some people who say that most of the Bitcoin and altcoin exchanges do not make enough money to maintain their operations if they intend to be up for a very long time. This is not the New York Stock Exchange here people. These are mom and pop operations with little capital.
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Drugs are bought with Bitcoins just like any other currency. But what makes a huge difference is, Bitcoins are used largely for buying drugs. Its the main criticism against bitcoins. I dont know how buying drugs using bitcoins can be controlled.
No one can prevent people to buy drug using bitcoin, becouse bitcoin is in individual control. But buy drugs is such as useless thing. There is no profit from kill our self using drugs, we better to do trade. You are so wrong in so many levels. The drugs trade in the dark markets is the most prosperous marketplace that Bitcoin has ever since. If you say it is useless, try saying that to the drug vendors and all the buyers who like to sell and purchase drugs the safe way and away from going to the bad neighborhoods. Trading brings no organic growth to Bitcoin. All it brings is speculative value. |
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we have all seen exchanges being hacked and lost our precious bitcoins or at least heard about them. and these days i keep seeing these two topics saying there is a possibility for a new one! i say lets talk about a solution. there is no point sitting around waiting for one to happen then start crying! - what can we do?
and don't keep your money on exchange site is not an acceptable answer! because you have to do it if you want to trade, the exchange may get hacked (allegedly or for real) 1 minute after you deposit.
- what is the substitute for these exchanges?
decentralized exchange? how do they work? is there any good one around? why aren't they famous? what are the pros and cons?
i'll admit that i don't know much about decentralized exchanges and i am sure i am not alone here let this topic be a compilation of all suggestion for either an existing solution or future possibilities and ideas. What can you really do if you are an active trader? You need your Bitcoins available for trading at the exchanges most of the time because getting your deposit in your exchange account can take time sometimes. Most of the exchanges require at least 3 confirmations before you can see your deposit in your account. |
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Bitsane seen rising, probably becouse there are great people behind bitsane. With the good plan that has been prepared. If I have money I want to invest it in bitsane. Could there be a chance?
its really very good idea to invest your money in Bitsane because bitcoin getting much more popularity and you are right that bitsane rising day by day so i gree with your plan and i hope you will get a good profit in the near future through Bitsane. is Bitsane itself an investment site or a coin? I thought bitsane is a Crypto currency exchange where users can buy sell Crypto currency. and can trade and exchange.. if this is right than I don't understand the meaning of investment in bitsane... I guess he meant trading at bitsane. Anyway I too have made two suggestions here and hope bitsane will consider both or atleast one of them.Here is a brief summary of my suggestions : 1.Bitsane referral system to encourage existing members to invite their friends. 2.New coins ICO.I have seen this on yobit and c-cex and have made some small profit alsoNo that would be a very bad idea. Among the ICO's it will be better for Bitsane to stick to the more tested ones. If they want to be taken seriously then they should stay away from shitcoins who do not try to create anything good for whole community. |
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I was just thinking that since Bitcoins is 100% on the internet, what would happen if the whole world adopts it and 20M bitcoins gets stolen by a genius similar to what happened to Bitfinex?
This is maybe the dumbest question ever to be asked in this forum, or one of the dumbest. But to answer your question it will all go down. By all I mean all of the Bitcoin based industries that were created around and on top of it. That hacker would have been richer if he stole fiat and invested them in Bitcoins. |
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they managed to make Starbucks accepting bitcoin in their official application and that's definitly an achievement for a new service like them. Its great news for bitcoin  , only good news lately. Keep in that way so price will be soon 1500$. Im hoping alibaba will accept bitcoin, then it will explode Do you think people will get out of their way to buy Bitcoin just to spend it on Alibaba? They can use fiat or their credit cards for that and there is no need for Bitcoin. Why are people still fixated with the idea that Bitcoin will become a mainstream currency? |
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It may be a repeated or old question but I am interested to know what was the purpose of creating bitcoin? I am pretty sure that there is a hidden purpose of bitcoin rather than being a coin.  If you are pretty sure that there is a "hidden purpose" on why Bitcoin was created then what is it? Do you really have an idea what this hidden purpose is or are you only trying to start a useless topic. Why not post in the OP what that hidden purpose is so we could start discussing it. |
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The old year ends. In the new year everything can be done better. At least theoretically  What are your good intentions regarding Bitcoin in 2017? Is there really a need to do that at this point of Bitcoin's evolution? Those days where each user held hands and banded together under the ideals of libertarianism is gone. Bitcoin is a fully functional currency now thanks to the dark markets. Having good intentions or not will not really make a difference. |
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There have been and are sites like Ebay for Bitcoin. I used to use Bitmit, but I think they actually got bought out by Ebay. Shame because it was a pretty good site. Theres also Bitify right now. I find that the problem though is due to the nature of Bitcoin and a certain niche it attracts, Bitify is a scam hole. I've made maybe 5 purchases and 3 of which were scams. Their support isn't too bad, so I didn't lose anything, but I'm sure because of the amount of scams they are severely understaffed. I had something like 1-2 week resolution times with support.
The biggest issue I'd imagine, is to be feasible, they would need Ebay like fees. Most Bitcoiners use Bitcoin because of the lack of fees involved, and may not be too thrilled to pay the 10% needed to get decent customer service, and staff that can dissuade scam attempts. While Ebay has plenty of scammers, Ebay has enough resources to take the hit themselves if need be, or take legal action to actually go after people. I don't think Bitcoin Ebay would have that sort of luxury, so if anything, they would need to increase fees to cover unavoidable losses.
The problem with Bitcoin based services that mimic mainstream services like Ebay is it will not work. How can it compete with the mainstream services that uses credit cards and cash? It is much more accessible than Bitcoin will ever be. It should be time for us to realize this and embrace what niche where Bitcoin really thrives. The dark markets. |
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