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Hi there! I have some questions about hitbtc.com. I follow hitbtc trading platform development since summer. Imho, it’s one of the best trading sites for thse who prefer good technology and many traders here share this POV. During autumn there appeared some rumors concerning hitbtc's stability (when hitbtc initiated re-verification procedure for all users who trade fiats, which caused delays in deposit/withdraw process). Actually, this did not affect me personally, cause I’m doing only crypro/crypto there, but anyway… After a month and a half of monitoring the situation I’ve noticed that hitbtc is developing the platform: they’ve modified faq ( https://hitbtc.com/faq), added nice brockergare reports ( https://hitbtc.com/trading-history). Its strage but they’ve done some UI improvements and posting some bullshit in their blog ( https://blog.hitbtc.com/). Is this ok? Do you think that they gonna be fine? Should we trust them? Although, hitbtc still have a lot to do with external communications and announce user-affecting actions beforehand (like bitstamp did a couple of months before verification became obligatory). Though I still have doubts, the the fcat that hitbtc is continually working on their trading platform looks really promising. Nice that you share your concerns and talk about hopes, but you focus on small stuff. Noone cares about new faq section on a site. You would be much more inspired (when you say that Hitbtbc site development looks inspiring) if you notice their demo trading terminal in new layout. Go to hitbtc.com and click "Try demo trading" on lp. That's what shouyld be mentioned when you do a 'research'. Vey nice and fully customizable terminal is gonna arrive. It's in beta right now, AFAIK, and I'm waiting for a production release soon.
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1 year = 12 months. BTC price is still ~4x higher than last year at the same time.
You guys have about 3 weeks left to keep saying this, keep that in mind
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If jlaw is basically going to be the reason why bitcoin will make another bull-run, then my mind will be fucking blown and nothing in this world will make sense to me anymore.
Actually, it would make sense. The hackers sold the pictures for Bitcoin. Perhaps not the best light to present crypto under, but there's a real direct link between the two. I much prefer my sweet sweet bitcoin to pics of a pretty girl. She may be famous, but in the end I see girls as pretty every day. I feel sorry for her tbh
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Every time I hear this story I wonder.. Why aren't big vested partners -- like Coinbase, BitPay, etc. -- in the bitcoin space are not doing more to address development.
Bitpay pays jgarzik to work full time on core development. You're right about the others of course.
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I think you misunderstand how markets work.
But what if we just plus $1000 to it? Don't be so short sighted. Add another $1,000 for good measure.
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XYZ's future depends on public acceptance
mine too?
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You associate 1991 with electronics??? Try 1961
The triode vacuum tube was invented in 1907
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But bitcoin isn't money. How can he plead guilty to running a money exchange, when the IRS has ruled it isn't money. He was only buying and selling a virtual property. Do we need to start arresting people who buy and sell high ticket items like wine or cars?
You're confused. The IRS said it's a property, but their opinion doesn't matter when it comes to regulatory issues. The various departments of the government are under no obligation to treat bitcoin the same. It's stupid, but that's reality.
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TIL a huge number of cold storage coins held by bitcoiners will be lost forever on their death.
Not a huge number since most of the people giving "good" advice in this thread aren't holding more than a couple coins. Not a single person saying "Well, I printed my thingy onto a metal wallet and then I bought a safe." I think we're just securing a bit of money, not trying to trick Danny Ocean and his band of misfits. I printed mine out on multiple paper wallets. I didn't want to have the entire block of coins all on one address. The reason for this, in my mind, was that when I want to spend some, I wouldn't have to sweep the entire sum, then re-distribute once again. I have 3BTC here, 2BTC there, 1BTC there, there, there...you get the idea. It's a little more work, but if you're storing one somewhere, then why not store 5, or 6, or 12 paper wallets? I have multiple copies of each wallet, paper and digital, and I have the passphrase in my head, (plus encrypted on USB that my wife can figure out if need be). I've also left detailed directions for her on how to de-crypt the private key once she has the passphrase (including the link to my post where I freaked out when first trying to access the private key).
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The entire purpose of fiat was to be more portable and divisible than gold. Bitcoin is divisible enough and infinitely more portable than fiat. Natural selection will eventually make fiat a thing of the past but it may take decades. Government corruption/violence, and public education/awareness are the only factors that can delay its progress.
That's actually not remotely true at all. Notes/coins that stood in place for gold were used just fine under the gold standard and they made the trading the ownership of gold easy. The actual reason the world collectively left the gold standard was its deflationary nature. The world's economists felt after studying thousands of years of human economies that human economies did best with a steady, low, annual monetary inflation of 1-2%, this was impossible to achieve with the gold standard where gold production could not keep pace with the growing world economy so countries left it behind. Fiat was created BEFORE any economists started thinking kenesian theory. Fiat was indeed created and initially used because it was easier to transact in than gold. So yea, it is very true. Not true. Its creation and the arguments for it are well documented, go open up some fucking history books pal. It had literally nothing to do with transaction ease. People had no more problem transacting on the gold standard than they did fiat. Both systems used notes and coins.
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Using avalon machines as doorstops... like bosses
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So... what about insurance on your cold storage? Are you keeping that a secret from everyone for another year, as well? Oh, wait, I'm guessing you don't have any, and that 97% of your (our) bitcoin are completely uninsured. Fail.
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Not sure if trolling or just really stupid
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Does this mean that Google will be accepting bitcoin, since Google is buying Twitch?
Merely taking over the income stream, and possibly going to use the platform to push google+ on people
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That is fake, and is a scam of some sort. That is not the legitimate WSJ site (the links on the page go to the legit site, but [Suspicious link removed] is not the WSJ) and the blockchain link is to a fake blockchain site.
No mention on the legitimate WSJ of this, Blockchain's blog, nor Blockchain's Twitter.
Also it links to a phishing site block-chainl . info. Don't go there or you will lose your coins.
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current price of bitcoin has future growth expectations built into it.
Really? So you think BTC has the future growth of the next 20 years already priced into it... I find that hard to believe. They say the currency markets and the stock markets have the growth of the next 6 months priced in.. and thats pushing it.. Your assumption is false.
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We should definitely hammer it home that Blackcoin is not just a ruthless, profit hungry lambo-coin
In fact we should drop that bullshit altogether. It only makes people suspicious. Then they look at the less than fair initial coin distribution...
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I have bought a few too...have a couple that seem good and trying to figure out the best way to list them and trying to figure out an approximate market price.
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