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Hi all,
I have money in a UK bank account and I would like to send it to somebody in Malaysia.
It seems simple enough to go GBP -> BTC then BTC -> MYR.
But the recipient is unwilling to open any crypto related accounts currently and, due to AML, I cant use, for example, Local Bitcoins combined with their local bank account (as it's in a different name and would fail verifiation).
Is there any other way currently? Or must I wait for the industry to mature further?
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Was just surprised to see, stamp is normally close to finex... I just closed my long position on bitfinex at 603 hoping to reopen lower.
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Bitfinex seems to be pulling away from stamp... why?!
(I don't like seeing price action I don't recognise!)
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Aha! Thanks  of course, the price is bought UP to $10k. Makes sense now. |
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Correct me if I'm wrong.
Current market cap is roughly $900 x 12m coins = $10.8bn
To go to $10,000/BTC market cap (with current coin count) would have to be $10,000 x 12m = $120bn.
So to go to those levels we need an extra $109bn invested... suddenly wall street's 'hundreds of millions' doesn't seem so great, not even pushing us to $1000?
I must be making a mistake in the maths, please point it out.
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Gox going for 0.800! (0.790 atm)
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A moment of silence for all the panic sellers who will have lost in this most recent, but oft repeated bitcoin ride. We've all been there. Your initiation is complete. Welcome to the club.
I learned my lesson not to panic sell a while back. I resisted the temptation to sell at around 1.000, but wish I hadn't |
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Head, shoulders, knees and toes formation.
Looks like we're going up.
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Wow, such strong feelings on the matter. To me mBTC makes much more sense, I was all for it when price passed $0.50/mBTC OR $500/BTC... whichever you prefer  we can use them interchangeably easily enough.
I just think it removes a psychological barrier for folk still getting into bitcoin who think the price is 'too high' because they don't necessarily understand the divisibility aspect.As for what to verbally call them... then I don't know, milibits? I'll leave that to the crowd! Agreed, just saw this on the newegg facebook page. 
EDIT : Not sure how to resize the imageWow some people my point exactly. |
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Wow, such strong feelings on the matter. To me mBTC makes much more sense, I was all for it when price passed $0.50/mBTC OR $500/BTC... whichever you prefer we can use them interchangeably easily enough. I just think it removes a psychological barrier for folk still getting into bitcoin who think the price is 'too high' because they don't necessarily understand the divisibility aspect. As for what to verbally call them... then I don't know, milibits? I'll leave that to the crowd! |
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Gox just touched 1.2 USD/mBTC...
no it didn't. Also stop with dumb mBTC. We don't say google costs 1mUSD. EDIT: Now it did. I prefer mBTC... now we're passed it $1,203/BTC, $1.203/mBTC. |
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Gox just touched 1.2 USD/mBTC...
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And bounce! Been to 758 Gox, now at 891  |
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Well we're seeing some action. Anybody panic sold yet?
The other way buddy... the other way... Haha. There was once a I time would have panic sold and rebought at a loss but this ship aint going down, just wondering who's doing the same now.. Unfortunately I have no fiat in the sidelines to go 'the other way'  |
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Well we're seeing some action. Anybody panic sold yet?
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They are made of gold so when the price collapses you can melt it down to recover some of the investment. I find this not the least but ironic. that article is weird, it says they wont have the private key on them. So it's just a lump of gold with the bitcoin symbol on it? Not sure but it does sound bizarre. The original Financial Times article might give more details but it's behind a paywall... anybody have access? It says an independent company would hold the coins' private keys in escrow ready to be exchanged by paying a visit to the island. Can anyone else see the problem with this? Doesn't this open the door to fractional reserve? What's to stop them issuing more coins than they have keys? Paying a visit to Alderney is not exactly easy....! Seems daft the Bitcoin will probably be worth more than the coin, but you need to turn up in person to a tiny Island in the English Channel to redeem the Bitcoin part of it. Odd. Not very 'digital' is it! Nope. I'm from the UK and can say I've never been to Alderney, and I can't imagine going there to exchange a bitcoin. What a bizarre concept. |
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They are made of gold so when the price collapses you can melt it down to recover some of the investment. I find this not the least but ironic. that article is weird, it says they wont have the private key on them. So it's just a lump of gold with the bitcoin symbol on it? Not sure but it does sound bizarre. The original Financial Times article might give more details but it's behind a paywall... anybody have access? It says an independent company would hold the coins' private keys in escrow ready to be exchanged by paying a visit to the island. Can anyone else see the problem with this? Doesn't this open the door to fractional reserve? What's to stop them issuing more coins than they have keys? |
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