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No it won't , Nothing will change.
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Can't you just store your wallet seed on a set of flash drives or sd cards, along with the pc, mac and source tarballs for (say) electrum.org? You can also set up 2-of-2 and 2-of-3 wallets on electrum.
With google inactive account manager (for example), you can set up a dead-man's switch which will send these passwords, encrypted with an AES key that you have already shared with your designated heirs, in the event of your death or incapacitation.
I prefer Armory fragmented backups from a cold storage wallet (will never be online). I keep a watch only wallet on my computer so I see that they are enjoying their cold life  |
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Elizabeth Stark, Educator and Entrepreneur
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that seems like fake news. A hidden AI system in the web created BTC so humans would give it more computing power lol. There would of been better easier ways for a Super AI system to achieve this.
But there isnt any AI that advanced ATM,
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I have quickly scanned your article and will digest it more thoroughly later. My major concern is whether the global economy needs yet another currency, particularly one independent of valuation metrics. Since the global economy is fundamentally an open system with continuous energy input, but with fixed quantities of physical matter, delinking currency, as a proxy for energy flows, from a physical standard (gold) has long made sense. Since the amount of energy cumulatively increases in the system over time (solar energy can be converted to chemical energy and stored) any currency should also cumulatively increase over time. With a fixed quantity of bitcoins haven't we just created an ethereal "gold standard".
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Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.
Cash in? Not hardly. Get a hardware wallet is what they need to be doing. |
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Indonesia... they won't be able to do shit to your crypto currencies... peopel who are good at crypto currencies are also able to use VPN's/ and will still be able to use cryptocurrencies
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Will we ever use Bitcoin for day by day use? Buy a bread, a phone, a car, an appartment? Or Bitcoin will more likely be a way of just storing value and we have to rely on altcoins to use them daily?
I prefer your second opinion like BTC to be storing value. The costs prove it us. I dont think BTC will go down to costs of alts so we will use them for daily. Just a heads up to anyone getting into this field. Amongst the genuinely revolutionary tech is a minefield of scams and people simply pumping their own investments. For every over night millionaire there is a bunch of bag holders. Be very wary of people recommending this or that. Do your own research. Don't get emotional and 'panic buy'. And only invest what you can afford to loose. It's truly un unregulated wild west. Be careful. |
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However high things get advanced, we won't be getting bitcoin mainstream. It'll always tend to be a technology to serve better than the banking network. Same as the altcoins serving to be the alternative to bitcoin, bitcoin serves as an alternative to the traditional system we follow.
Oh dear. Perhaps we should ban cash? |
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Well, they are easier to carry around than cowry shells.
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2012 on ArsTechnica, though I have to say I didn't really understand it. A year later Rick Falkvinge started tweeting about it and I took the time to learn about it some, and bought in.
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The market is in an amazing bull run, if people want to short the future contract, they gotta own bitcoin first, not a few k, but 50,000 at least to manipulate the market at this point. In addition as I see CME and CBOE only limit 5,000 contract (5,000 BTC) per account, so it is a downside for some1 who wanna short. And the most importantly, the future contract expire in a specific day, so I do not think we need to worry about 10 Dec or 18 Dec, maybe weeks later on expired date.
I guess that's kind of what people are worried about... that the main reason behind this (extended) bull run is the big players loading up on coins meant to be used to push the price down. Didn't know about the specific expiry date, still, that would make a flash-crash only more likely since there'll be a lot of people with a strong interest to push the market down at this specific point in time. Ya, but if they want to manipulate, they gotta do it on or 1-2 days before the expired date, too risky to push price down on the first day, and see it recover on the expired date. Do you know if CBOE and CME public the contract information? Like how much volume, how many contracts short, how many contracts long? |
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I think nothing special in selling house. House is a possive. You could turn it to an active. One friend of mine lended house and sold his Lexus in May. He returned it in September and made x2 in dollars. So it depends on you.
Exactly my point. You will be better off making the smallest down payment and then getting a 30 year mortgage and keeping the rest in bitcoin. I know it's old fashioned but I like the idea of just owning it outright from the start. Nothing like the security of owning your own place outright. Congrats bro! I second that. Your Housing is not an investment. Own it bro. |
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Excuse my ignorance on the topic but you say short selling is harm, however, I don't think you mentioned what short selling is. I am not familiar with the term. Could you please explain.
Assalamualaikum. I want to know about my investment with bitcoin.i don't know how to describe my investment etheir it binary or what. I give example. I invest 0.005bitcoin.the company have 2package with is 1) 147% profit for 6week, daily profit 4.5% 2) 180% profit for 9week, daily profit 8%. My question is...It's Halal or Haram? Waleikum Assalaam wa Rahmatulahi wa Barikahtu Sabrina. Thank you for your post. In regards to saying whether this scheme is halal or haram, the truth is, I do not know. You say that this website says that in 6 weeks you will have a 147% profit. The question you have to ask is, "HOW are you making the profit?" "WHERE is this profit coming from?" "WHAT METHOD is being used to make the profit?" Once you have an answer to these questions then you can figure out if it is halal or haram. Insha'Allah within the next 2 weeks I will release the final part of the 4-part "Is Bitcoin Halal Series" and we will talk about investing insha'Allah. Take care and Salaam salam alaykum how are you brother? i wanted to find out if bitcoin is halal, 1 of my relatives traded with it,.. im not sure if its the same but its you put a certain amount of money and after a month that money doubles.. is it halal? buying money with money..please explain to me.. JazakaAllah Allah bless you Waleikum Assalaam wa Rahmatulahi wa Barikahtu, I truly cannot say if what your relative did is permissible or not according to the sharia because there is not enough information provided. I do not know what he was trading or how it was traded so I cannot say. In regards to if Bitcoin is halal, Please see the following blog post - http://www.islamandbitcoin.... May Allah guide us all akhi, Ameen. JazakAllah kheir for the support. Salaam Assalaam Alaik, Jazak Allah Khair.. I'm enriched. I had been following this series right from the first post. Even though you didn't explicitly stated that bitcoin is Halal, I think since at least it is not Haram, can we regard it then as permissible. Like Al-Mubah? Thanks a lot. Waleikum Assalaam wa Rahmatulahi wa Barikahtu, JazakAllah kheir for the support. I would say that at this time it does seem that Bitcoin falls into the category of mubah, which is commonly referred to as neutral. However, even with that being said, when using Bitcoin you do have to pay attention to the laws of the land where you live. If it is illegal in one's country, then the scholars will tell them it is not permissible to use but if it is legal where they live then they would say to proceed with caution. Salaam |
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In the countries where it's recognized as money, it would be.
I hadn't heard about that happening. Does anyone have a list of which countries BitCoin has been officially declared a currency? Germany has declared it a private currency: And seriously, read the title of the webpage. It's Bitcoin, not BitCoin. It's the "virtual goods" part that makes it curious. If you use bad crypto and I steal your Bitcoins is that more like me breaking into your house and stealing your cash (illegal) or more like me ganking you in a full-loot MMO and stealing the in-game stuff you bought with real money (legal)? Are Bitcoins more like dollars or EVE money where the law is concerned? |
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This has happened so many times exactly the same MO. PBOC says " we ban bitcoin" weak hands sell, they buy up cheap coins. Then they say " jk we no ban Bitcoin!" And then the price goes back up.
A hard crash like this doesn't seems like something that the market would recover from in a week or two. People should be prepared and wait for a better entry point. Caixin is a legitimate news site. People should seriously consider the possibility that this might not be fake news. The market might go down much further. Remember not to bite more than you can chew. Bitcoin can't be killed. But in the short term there are huge waves that could swallow you whole. Take care guys. that's fine and all but BREAKING NEWS: the island of Fiji has banned bitcoin!!! SELL YOU FOOLS! It's nuts what some news from one fucking website can do to bitcoin. Just shows you how we are still in the infancy and it's still a great time to buy! I assume the more we grow and the more mature it is, we will only trust news like this if it is reported world wide. It's clear someone was trying to initiate a major crash. Didn't go so well did it? |
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This has happened so many times exactly the same MO. PBOC says " we ban bitcoin" weak hands sell, they buy up cheap coins. Then they say " jk we no ban Bitcoin!" And then the price goes back up.
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Hello! I don't know about AUD-KZT; as the others said, banks should be able to do it, but I would also suggest bringing USD to be safe. The smaller money exchange places usually have a better rate than banks - but if you feel safer/more used to it, go to any bank. At any independent exchange place, you can expect to have a calculator next to the window. Don't be afraid to count your money right there (all of those places have a sign that says please count your money AT the counter) - so you can make sure the amount is correct and they know you counted it right in front of them. If you decide to go to one of those, this is our usual spot it's in the same entrance as the notary. Wonderful thank you very much! It would be really problematic to change directly from AUD to KZT. Even if you find some place, exchange rate would be much higher. You would be definitely better off to come with USD. What do you mean by money changers? |
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The laws of technology suggest there to be a cut-off date to this scam, the laws of history suggest this to be a scam, the laws of concept suggest this to be worse than fiat... does reality even sink in or the transaction fees not expensive enough or the process time not slow enough? To further that the big boys has intervened... so that romanticised story of Satoshi can burn since sheep don't care to understand whilst speculators don't care, this is going to kill Bitcoin and take a load of that market cap with it.
The technology is going to be a part of the future but that doesn't mean a brand will be... and at those prices you have better chance to speculate at the roulette table.
“Stocks take an escalator up, and an elevator down”
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