I can't believe this thread is this long...for such a retarded question 

Fuck paypal. Stay away from paypal. Just do bitcoin. Why insist on keeping the beast going? Let paypal die with western union.

For the record, I agree with the sentiment, but it's amusing how people will conveniently shift perception of something when it suits them. Not you guys in particular, just a general statement. I can honestly see a potential scenario where someone will make a trade with bitcoin and in the event bitcoin crashes, the one who handed off valuable goods for ultimately valueless digital currency will feel cheated and the ones who got valuable goods will still muse they got a lot of stuff for free. I would expect people to realize that bitcoin has the potential to crash to zero and make that stipulation in a contract that the transaction is based on current value and they won't be compensated with any other currencies.

I just posed the scenario of someone filing lawsuits to be compensated. I mean people sue over spilling hot coffee. I can honestly see this happening at some point (provided bitcoin crashed, that is).

My answer would be: when 100% of those vested in it abandon it. Or an EMP hits the earth and wipes out electricity. That'll do it.

I don't know but eventually someone with the technical abilities will figure out a doable solution. I hope, anyway.

I keep thinking of something that's kind of automated but without the ability for tampering. Like an escrow option built into the blockchain itself so there's no need for all the confirmations...just both parties confirm and the bitcoin is not transferred unless and until both parties in the transaction confirm agreement. But then that doesn't quite solve the domestic currency exchange problem. ;-/

I know...that's how it starts. I was happy with it too until the time they screwed up. And when they did, it was a reality check. They held onto it while the price dropped instead of cashing out when I sold. They gave me the run around and delayed it 3 weeks and that's when it really settled in, as long as it's on coinbase it's not really MY bitcoin.

I promise you this, it will happen to you, too before long. Just a matter of when.

True, but would they not be owed some compensation at all? If you bought a lot of valuable stuff for bitcoin and it went "belly up" then essentially you got a lot of stuff for free...so wouldn't it apply then to the one who sold it - they basically gave it away and got no compensation at the end of the day. The same could be said for USD, for that matter...lots of real estate will have been had for free if the dollar crashes. 
It's not a test - just want to offer a topic to discuss, see how it would be viewed.

Premise: You were in early on the train and bought in at a few thousand for a couple hundred bucks when bitcoin was mere pennies. Then you caught the rise up to the 1000 mark...and spent a bunch of it to buy some awesome real estate.

Bitcoin continues to drop, effectively reaching its demise with no real support. It's dead, Jim. All she wrote, and so on. Everyone calls it fake, no commodity, no currency. Monopoly money.

Question: Since you bought all the real estate with virtual currency that's essentially monopoly money, no longer of any value, can the people you bought it from come back with hella judgments against for compensation in actual currency or otherwise repossess your holdings for non payment?

Would any of you think to include a clause in any contracts that state flat out that in the event the currency used for the purchase is ever defunct or worthless they're the ones SOL and not you?


It could happen  

This.

http://localroger.com/prime-intellect/

Do what?? LOL please tell me that's snopes material and didn't actually happen.

https://www.paypal.com/va/webapps/mpp/ua/upcoming-policies-full

Viacom?

The 64BTC question though is how to decentralize and deregulate the exchange options - because those controls can kill domestic currency exchanges in any nation. There has to be some protocol developed to bypass this entirely. The closest would be the local bitcoin trading option. We genuinely need a real trustless format to exchange any currency anywhere to bitcoin and make it untraceable.

Government control over domestic currencies can become so bad that no business will touch bitcoin which kills its capacity for mainstream. Otherwise we accept those controls. What's a real solution?

Not happy about the July 2015 policy changes on intellectual property so I broke up with PayPal for good.

I've been using Square (square.com) and they have modified their cash app to now include an option for business transactions to be made p2p, and it's free. And they are bitcoin friendly. Check https://cash.me/ and Square main.

Considering most every one of these people on here get it wrong 100% of the time, I'll have to say nope, no skills involved in the analysis of bitcoin markets...

Not sure where to put this one but I went to grab another domain for a site I'm putting together and saw that they've started accepting not just bitcoin but also litecoin and dogecoin too!

DirectNic www.directnic.com

- and for the official record I've been a loyal, perfectly happy customer of DirectNic for over a decade. I used to have all my sites hosted with them, had 7 or 8 online when Katrina and Rita hit, and not once did any of them go down. (DirectNic is in Louisiana, by the way). I've since moved to Hostgator for my sites but still buy all my domains with DN. If HG keeps on acting up I may ultimately return to DN.

I share this because I'd usually used PayPal but closed that down for good today, so it was really great to see them accepting crypto. If you're in need of a web host and domain seller, check them out. They truly are a top notch company.

I don't mind a responsible base of regulation. I'm not full on "anti regulation." But it shouldn't be worse than the banks and paypal and that's what both coinbase and circle. As mentioned, paypal didn't require a license or scans of crap or a selfie. My bank did use the license but I get that. I really truly hope there are serious devs out there who are able to come up with a legitimate means of decentralization and no need for regulation.

Posted from: Singularity Hub

Disrupt or Be Disrupted: Exponential Finance Is Coming to Wall Street This June

BY SINGULARITY UNIVERSITYON APR 14, 2015| COMMUNITY, FEATURED, SU EVENTS 227  0

CNBC and Singularity University are partnering to present Exponential Finance, a two-day conference in New York City exploring the game-changing technologies poised to disrupt business and the financial world. Singularity Hub readers applying with code HUB500 before May 1 will receive a $500 discount on tickets.

Technology moves as fast as the market. If you’re a leader or entrepreneur in most industries, you need to keep a close eye on a handful of related technologies to stay relevant. But finance isn’t most industries. Finance is, in a sense, all of them. Financial professionals invest in the broad economy across countries and sectors. You’re always looking ahead, forecasting the future, and deciding what’s next.

How do you keep a competitive edge sharp in today’s fast-paced markets?

[image here]
Our minds didn't evolve to grasp information technology's exponential pace.

Information is critical, to be sure, but the greatest financial minds have always paired information with something else—a unique and insightful view of the world. Our brains didn’t evolve to comprehend the modern pace of progress. We evolved to think linearly, but information technology moves exponentially.

To forecast the future, and to successfully invest in it, it’s critical to appreciate this concept.

Singularity University is on the cutting edge of understanding technological change, and Exponential Finance will showcase the disruptive new technologies poised to impact how you invest, bank, forecast market trends, and run your business. We’ll look at technologies like artificial intelligence, robotics and automation, 3D printing, blockchain/bitcoin, and driverless cars.

Beyond demonstrating how these technologies will upend entire industries—we'll show you how they're set to do so much faster than you think. An Oxford study suggests 47% of today’s jobs are likely to be automated in the next decade or two. And finance, an industry dependent on brains over brawn, is not immune. The same study found a 58% chance AI will replace financial advisors over the same period.


In the past, you could see the competition and had more time to prepare. Now, blue-chip slaying ideas and products go from garages to millions of users in a few years or even months. The average lifespan of an S&P 500 firm is down to just 15 years, and some 40% of the index will disappear over the next decade.

3D printer.
3D printers take digital designs and fabricate them layer-by-layer on the spot.
Who’s next? The trillion-dollar manufacturing industry is ripe for disruption by the digitization of products, computer-guided fabrication technologies (like 3D printing), and the further automation of industrial processes by a new generation of intelligent robots.

Driverless cars will make commutes easier, but they’ll also take the wheel from truckers and bus and taxi drivers. Insurers will need to figure out how to cover a growing fleet of everyday autos and 18-wheelers when humans no longer drive them.

Virtual reality may well revolutionize entertainment. But how will immersive virtual offices and meetings impact business travel? Might we be able to offer more effective training or help folks suffering from phobias with VR? What entirely new services will appear? And what traditional practices are doomed?

An array of exponential technologies are aimed at finance too.

You’ve heard of bitcoin. The popular yet volatile virtual currency is receiving plenty of attention. But experts say it isn’t about bitcoin—or any one virtual currency—it’s about the underlying blockchain technology. Blockchain may drive technologies impacting banking, payments, contracts, and more.

Crowdfunding allows entrepreneurs to test and fund early ideas with the crowd before seeking angel or venture capital. And equity-based crowdfunding is now available to non-accredited investors. Peer-to-peer lending performs a similar service for more run-of-the mill borrowing.

And even greater change is on the horizon. If the last fifty years were about the automation of factory labor—the next fifty will be about the automation of services.

Intelligent programs like IBM’s Watson are not only getting better at searching huge chunks of information and communicating what they find—they’re learning to learn all by themselves. Next generation AI may increasingly automate services we associate with humans, from medical diagnostics to financial advice.


Discover the latest on artificial intelligence, big data, robotics, 3D printing, digital medicine, autonomous vehicles, blockchain, and nanotech (among other topics) from tech-focused industry insiders and Singularity University’s luminary faculty. Envision the future with keynote talks by Peter Diamandis and Ray Kurzweil.

Meanwhile, offstage and in between talks, check out demos from over 40 groundbreaking technology companies and connect with C-level business leaders from leading firms across the industry—including private equity, venture capital, banking, quantitative modeling, insurance, financial advice, and others.

This year’s event takes place at the beautiful Conrad Hotel. Newly opened in 2012, the Conrad’s award-winning, contemporary space is just minutes from Wall Street. CNBC's Bob Pisani will emcee the event, along with SU's Peter Diamandis and Salim Ismail, and CNBC will be broadcasting live.

Henrik Thamdrup, IDA Chief Technology Officer, calls Exponential Finance “a must attend conference for finance industry executives who want to see what their business will look like ten years from now.” Join us in New York this June. Together, we can discover and begin to shape the future of finance.

To learn more about the conference (and see videos from last year), visit Exponential Finance online. Or if you’re ready to apply, simply click on this link. (Be sure to enter code HUB500 to save $500 by May 1.)


Article videos and images not included....visit article for full thing.

------------------------




So think this will have any influence on bitcoin market?

Camp 1: *wipes tear* It was a profound and awe inspiring moment when bitcoin went to the moon. It really changed everything.


Camp 2: FAKE!! HOAX!! BITCOIN DID NOT LAND ON THE MOON! IT WAS CGI AND GREEN SCREEN!

 


PS...why is the astronaut in the middle of crosshairs? That can't be good.

I call bullshit on that presumption. This isn't about crime and fraud...the feds don't even put this much heat on cash deals or tracking them down. This is just bleeding out bitcoin and getting up in peoples' business...and no doubt to steal bitcoins like they did in these big busts. They're not cracking down on crime - they are the criminals.

I hope the ones out there with the skills are actively working on real solutions so we don't even need shit like coinbase and circle or any exchange and we can buy, sell, trade more p2p like it was intended.

*waves to future me from past me*

Hi future me! I just need to ask if those three things I swore I'd take care of "if it's the last thing I do" ever got done and are we better or worse off because of it? How'd that one lawsuit work out? Oh, and puhleeeaze tell me that Bush's twat of a brother did not pay off Rove to steal another election. Is everyone still on their knees or did we finally get up off of them and embrace The Great Disruption?

Do we even still live in the United States or did we manage to meet a nice sexy handsome dude from, oh somewhere else, Canada even, get married (or a wicked housekeeping gig) and move away?

Nah, didn't think so.

How much BTC do we own now? Remember our Plan A?! Did we get there?! We better have, I'm counting on me to end up there later so I can look back at current/past me and go heeelllllyeah we did! So don't screw around. Get it done!

Anyway, just pay attention to where BTC is now and remember what not to do!

All right, that's all.

Love,

Us.

*waves to other future yous on the forum...how yall are in 2018? Happy Halloween!*

*Leave a message to your future you...it'll become the official Bitcoin Forum Time Machine ;p*