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December 18, 2018, 04:31:44 PM *
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1  Alternate cryptocurrencies / Altcoin Discussion / Good bounty campaign to start right now on: February 23, 2018, 10:17:04 PM
Please suggest some bounty campaign name to start. I want to participate from the week 1 or 2 (if possible ) .


Question:
 Is there any website to detect the actual running bounty campaign .
2  Bitcoin / Legal / Finally India PM accepts the adaptation of BITCOIN on: February 19, 2018, 09:12:53 PM
Glad to see this information coming from our Prime minister. 🙏 We can see India's first decentralized network of solar energy using blockchain.  The solution will change how India is using solar power. That's good to hear.

But i got some points also

They said, cryptocurrencies are not legal tender.. you can't go and buy mango with cryptocurrencies. You can trade them, store as an asset.


Quote
Disruptive technologies such as Block-chain and the Internet of Things, will have a profound impact in the way we live and work. They will require rapid adaptation in our workplaces: PM @narendramodi

You can check this >>
India's PM Tweets
3  Bitcoin / Bitcoin Discussion / Can we reduce Bitcoin’s energy use? on: February 19, 2018, 09:20:29 AM

Today i saw a paper reporting that Bitcoin will eat all the electricity of the world , when it will be upgraded to mass level.  Although i think  Bitcoin may not be a total environmental disaster, the Earth would certainly be a greener place if the Bitcoin network didn't consume so much electricity to process a relatively small number of transactions. I think there are still something to develop.

There are few ways we can try :

  • Right now there are basically three ways this could happen. One way, i got in this forum, is for Bitcoin's price to decline. Because the way of mining Bitcoin needs huge power costing , may be that is one of the reason of price hike. I actually wants Bitcoin as a stable currency rather than gambling.
  • Another option would be to reduce the network's 12. 5 bitcoin-per-block reward sooner than the scheduled 2020 reduction. But that's easier said than done. Bitcoin mining companies are not going to go along with this willingly, and Bitcoin fans are likely to oppose such a move as well.
  • A third choice is change the Bitcoin mining process fully. Bitcoin's present mining calculation depends on figuring a super massive number of cryptographic hash capacities. However, different digital forms of money have been investigating options and other ways. Bitcoin Gold is an as of late made variation of Bitcoin that uses a "memory-hard" mining calculation that may turn out to be less power hungry—however it would even now devour tremendous measures of juice. More fascinating mining calculations exist that could drastically decrease control utilization.
Government are helpless
Government authorities can also be are often powerless here. When any country tries to force a change, mining operations would simply flee to another jurisdiction. Changing Bitcoin by regulatory fiat would require a coordinated global regulatory effort, which does not seem to be  happen any time soon.

Changing to an elective mining calculation would likewise be questionable among traditionalists and would be unequivocally contradicted by mine workers. It would wipe out mining organizations' multi-million dollar interests in custom mining equipment. Such a stage isn't outlandish, yet it appears to be probably not going to happen at any point in the near future.


All of which implies that in concern of Green planet , we will not get Green Mining Overnight. Hope you guys will give your opinion about this. Thank you.
4  Alternate cryptocurrencies / Altcoin Discussion / Best ICO's Bounty Campaign for Graphics and Video ? on: February 18, 2018, 10:13:43 PM
As i am a creative developer , i was thinking to participate new ICO campaign running in 2018 session. Please suggest me reliable ICO with graphics artwork or Video bounty program. Thank you .
5  Alternate cryptocurrencies / Altcoin Discussion / Looking to invest in Altcoin !! Check this !!! on: February 18, 2018, 09:40:47 PM


Hey Guys , How are you all ? I was confused in choosing different Altcoin for start trading . I researched online few days and got some clues and That's why i decided to write a speedy introduction to pick which altcoins to put resources into, roused by the inquiries we get from our individuals. Lets Start>>>>>>>>

Initial Research:
The initial step is to investigate our convenient Coin Market Cap. Coin Market Cap ranks crypto currencies . All the market information gave by Coin Market Cap is essential. But there are 4 points you need to know about. Go to their website or thread. Collect these information.

-market cap
-price
-circulating supply
-volume


  • Market cap is simply the price multiplied by the circulating supply. Market top is essentially the cost duplicated by the flowing supply. In traditional securities exchanges, higher market cap securities are less risky, however unintentionally give less ROIs.
  • Lower advertise tops are more unsafe, yet take into consideration more noteworthy ROIs. It's additionally great to recollect the essential financial aspects on supply: the higher the supply, the lower the esteem (and the other way around).
  • The circling supply is characterized by Coin Market Cap as "the best guess of the quantity of coins that are coursing in the market and in the overall population's hands." This bars coins that can't be utilized or exchanged. At last, volume is the dollar measure of a crypto exchanged a timeframe (24 hours for this situation). Think about every one of these variables when searching for a coin that you need to put resources into that will develop in an incentive after some time.

A Real Scenario and Suggestion:

  • For instance, suppose you needed to put resources into XXX.
  • The primary thing you ought to do is go to XXX's site and read what they are putting forth. THIS IS THE MOST IMPORTANT STEP. You have to make sense of what's so incredible about the coin you're going to contribute.
  • Don't aimlessly put resources into something because of another person's suggestion.

Do your own particular research and pose vital inquiries like:

  • What problem is the alt coin providing a solution for?
  • What value is it adding and who does it affect the most?
  • Who is the team behind this coin and what are their credentials and motivations?

Some Social Research :
When you get a handle on the use of the coin and the group behind it, see what individuals are discussing in connection to the coin. To do this, tap on the "Social" tab in Coin Market Cap. You will see tweets and reddit posts talking about the coin. Scavenge through these and do your statistical surveying on how different brokers feel about the coin you need to put resources into.

Then, of course, the last step is to read the charts. We have a separate thread for how to read charts and chart patterns, and the subject is covered in much more detail in our e-book, Getting Started with Crypto Trading. Following these steps should allow you to make informed investment/trading decisions, rather than just blind hope or luck.

Guys please post your ways of finding good Altcoin to invest. Thank you. Hope you liked.
6  Bitcoin / Alternative clients / All about Bitcoin Wallets!! What you are using ?? on: February 17, 2018, 06:33:02 PM
Today i just researched about the wallets for Bitcoin, I thought it will be usefull for new comers who don't know much about the wallets ,  that's why posting here . There are a few kinds of wallets out there . It is prudent to know these classes with the goal that you generally pick one that suits you. Those are-

SHORTLISTED:

HOT Wallet and COLD Wallet :
All wallets are named either hot or cold . One that is associated with the web or is online is said to be 'hot'. Then again, 'Cold' suggests it is disconnected or detached from the web. 'Cold Wallet  is viewed as the most secure, accordingly, prescribed for putting away a lot of bitcoins. 'Hot' is appropriate for every now and again got to stores. In this way, the best system is to utilize cool stockpiling for long haul possessions and a hot wallet for normal utilize.

Dekstop Wallet (OS Apllication):
These wallets are mainly a software or application which run on specific application. They are intended to be downloaded and utilized on PCs . They are anything but difficult to access and utilize notwithstanding when the PC isn't associated with the web.  They are accessible for various working frameworks – Windows, Mac OS and Ubuntu. Armory is the most suggested work area wallet, particularly because of its security highlights. Others are Multibit, mSIGNA etc.

   Armory : https://www.bitcoinarmory.com/
   MultiBit: https://multibit.org/
   mSigna : https://ciphrex.com

Mobile Application Based Wallets:
We utilize Mobile for most assignments nowadays and bitcoin wallets custom fitted for your Smartphone is in this manner exceptionally advantageous. Mycelium and Blockchain are both accessible on Android and IOS. Maybe, a standout amongst the most convenient highlights on portable wallets, aside from upgraded security highlights, is the QR code ability. It empowers moment installments.

   MyCelium: https://mycelium.com/
   Block Chain : https://blockchain.info/wallet/iphone-app  (iPhone)

Web Wallets:
These are given on the cloud by outsider wallet benefit organizations. The wallets on these stages are just open through a web association. Coinbase and Circle are some of such specialist organizations. Bitgo is trusted by organizations for its vault benefits that incorporate co-sign to bolt accounts.

   Coinbase : https://www.coinbase.com/?r=50bfb056112d6ea246000326
   Circle: https://www.circle.com/en
   Bitgo: https://www.bitgo.com/

Paper Wallets :

Many wallets offers the paper version of it's wallet .  Paper wallets can securely hold your bitcoins in cold storage form for a long time. You can store this form of wallet it in a safety deposit box along with your other valuables.

Bitcoin Clients:
These are the first bitcoin wallets utilized by the pioneers of the money. PCs introduced with these wallets frame some portion of the center system and consequently approach all exchanges on the blockchain. BitcoinQt, was the first ever built bitcoin client wallet. Many believe it is what Satoshi Nakamoto used. With it, you play a role in the overall state of the network. Another with richer features is Electrum, a lightweight client.

   Electrum : https://electrum.org/#download

Hardware Wallets:
Trezor and Ledger HW.1 are quickly becoming popular as portable physical vaults. They are incredibly small devices. They are secure for storage, sending and receiving transactions online.
   Trezor : https://trezor.io/
   Ledger : https://www.ledgerwallet.com/

I use mainly Mobile Wallets and Hardware Wallets. What you use ?



7  Other / Meta / After the Merit System on: February 17, 2018, 09:34:55 AM
After the implementation of merit system the activity of mass user has been decreased vitally. Yes the spam posting has been decreased also. Peoples are targeting for merit, so they are investing time for quality posting. Therefore the activities are decreased than previous.But the merit is important to level up.

For newbie /Jr Member( who need merits seriously): I think we should not target for merit and give time for making good post. Just do normally. Go with the flow. Don't try hard.

For Legendary / Hero (Who got enough sMerits ) :
Sir , be more generous to give Merit. I know merit will not decay. But what is the reason to save. Even when I got few merits to give , I was thinking where to give. It's complex,I know. But you guys have enough , you guys could apply to Theymos to become merit source if you don't have enough. Right now you guys could solve the problem.

Merit System is awesome , but it depends on us. Be more generous to give merit. And the rest will be done by the combination of senior guys and Junior guys. Let's do it.
8  Economy / Speculation / Why Bitcoin is Unstable ? FINALLY I GOT THE CAUSES on: February 16, 2018, 07:09:32 PM
It seems the Bitcoin is having hard time to hike up, it Shows Weakness Above $10K. Today i saw the coin desk news about it . I was very scared about the last crash , but now relieved because i got the clue.  We have to go to the past , not too long , just last year . What actually happened last year?

SCENARIO
In 2017, Bitcoin's price taken off from $1,000 to approximately  $20,000 before dropping down to around $13,000 toward the finish of the year. From that point , its price has risen and dropped irregularly everyday, dragging littler cryptocurrencies like Ether and Ripple alongside it. In case you're new to crypto world , this sort of instability can be confusing  and torturing for the fact that you contribute at the wrong time, but if you take a closer look it starts to make sense. Here’s why Bitcoin’s price keeps changing so drastically, and why it may get more stable in the future.

  • Bitcoin Is Still a BABY

Bitcoin was first published in 2009, yet it just truly picked up standard prominence in 2016 to 2017. The innovation is still new and that is a major piece of why its price is so difficult to bind. Adding to that,  the majority of the Bitcoin on the planet is owned by a little groups of people (Comparing to FIAT). In 2017, around 95 percent of the cryptographic money was possessed by a little more than 4% of individuals with Bitcoin, as per report. That means that a single person could decide to release huge amounts of Bitcoin into the market at any moment, completely upending its value.

  • Acceptance and Banning (News Impact)

The price of Bitcoin can also change drastically as countries and financial institutions adapt to the idea of cryptocurrency. For instance, when one of South Korea's greatest banks tried out the innovation it caused a spike in price . Then again, when China declared plans to get serious about  Initial Coin Offerings (ICOs) the value of Bitcoin dropped, and a similar thing happened when a South Korean government official said the nation may boycott crypto currencies through and through.

  • Bitcoin is different than others (Computing Power and Power Consumption)

Bitcoin isn't generally similar to other for the block chain technology.  The first moto for Bitcoin was a friction less version of cash that you could send to anybody everywhere throughout the world. To transfer Bitcoin from one address to another needs much computing  power and electricity consumption (This complicated process is created for decentralization and security) and this is the  fact that every exchange takes a huge amount of computing power (and power) to process, it doesn't really work extremely well as a type of real cash. That is made vulnerability, which prompts fast changes in its value.

  • Non stop Trading

Unlike other types of investments, like stocks or gold, Bitcoin trading never stops, either. There are no market hours. Instead, you get non-stop 24/7 trading, which means even more fluctuations in Bitcoin’s value and less stability day-to-day.

There are 3 ways to get BITCOIN STABLE  those are >>>
1. POPULARITY
2. POPULARITY
3. POPULARITY


Hope you liked it . Actually i really don't think i am late mover in this market , way to go now. New comers like me , just don't fear the crash, Just go forward.


9  Bitcoin / Bitcoin Discussion / Ways of Engaging the BITCOIN Revolution!! Rolling the Rev !! on: February 14, 2018, 09:43:47 AM
Let's ROLL the BITCOIN REVOLUTION
Demand of the Era

Bitcoin is the most successful digital currency to date. I am seeing everywhere , the word "Bitcoin"  Becoming Popular day be day in both popularity and controversial sense. But whatever happens , we are engaging with Bitcoin in various ways and we have things to do to roll this revolution .  I have got few ways , here those are- (These are applied to individuals and also Big Companies)

  • Accepting Payments:  
The most straightforward approach to get into bitcoin as a business person is to start accepting bitcoin installments through a vendor /merchant solution.  In 2018, i think there were more than 600,000 (appx.) retailers that had just begun to acknowledge bitcoin payments through bitcoin installment processors like as Coinbase, BitPay and Coinify. And the good news is most of these are reputed companies.

  • Through BTC Mining:
I think mining BTC and mining gold/Diamond are same in a sense. One is physical one is virtual. Haha . Anyway. In the perspective of evaluation both are quite same. And in the place of gold pans and digging element , you just need a computer or machine to mine in a network. The number of Bitcoins generated per block starts at 50 and is halved every 210,000 blocks (about four years). The current number of Bitcoins awarded per block is 12.5 BTC. Which is still huge. Its exceptional that When bitcoin mining was still new, you could mine using an off-the-shelf computer but now you need a real solid calculating device. And people are still very much likely to engage in this section. The number of Miners are increasing day be day.

  • Investing in  BTC :
We can buy bitcoins utilizing money through a bitcoin trade and after that exchange the bitcoins to your bitcoin wallet. A bitcoin wallet is utilized to store your private keys which are coordinated to your bitcoin address as confirmation of your responsibility for bitcoin.And i think one reason that bitcoin has been popular as an investment vehicle is because the numbers are limited. There are only a maximum of 21 million bitcoins to be mined.
The limited amount of bitcoins makes it an appealing speculation apparatus for some, despite the fact that the cost of bitcoins has been very unpredictable. In the event that you are a smart financial specialist, you might have the capacity to figure out how to benefit from the changing cost of bitcoin.

  • Engaging in Digital or equipment wallet service:
All proprietors and owners of bitcoins require a protected place to store their bitcoins. To protect it from hackers ,we are storing them in an advanced or equipment wallet that is like a virtual financial balance. The greatest danger to advanced wallets are programmers. Many companies have taken steps to make it more secure , i also heard some where scientist are researching to make bitcoin's BIO wallet. Haha Private keys will be synced with eyes. Online security for digital wallets will probably be extremely important for bitcoin’s future.

  • Provide solutions for bitcoin acceptance:
One of the biggest challenges that bitcoin faces for its survival is to find acceptance among non-users. Current bitcoin owners are invested in the success of bitcoin’s future. If you can create a way to make bitcoin more widely understood and accepted by the public, you are onto a winner.


Hopefully you guys liked the article. I am sorry if you don't like it , I think we all are engaged with it directly or indirectly. We are already rolling the Revolution.
Grin Grin Grin Grin Grin


10  Alternate cryptocurrencies / Altcoin Discussion / MyEtherWallet!! Online vs Offline on: February 14, 2018, 05:02:16 AM
My ether wallet can be opened both online and offline , to skip malware infection and phishing issues many initiate and advise offline wallet. I have 3 questions regarding that-

1. If you open an offline mew account , you got a ETH Id , is there any chance to repeat the same ID on online ? Because the offline id may not be listed in their Database.

2. If you open an offline ID , then don't use it for long time. Will it get vanished ? For the above fact.

3. If it happens , what will be the correct procedure.

(MAY BE I DON'T HAVE ENOUGH KNOWLEDGE ABOUT THIS , MAY BE I HAVE WRONG CONCEPT, YES I HAVE FAILED SEARCHING ON GOOGLE THEN TRYING HERE)

I have questioned few times in alt coin discussion board. But most of the time very disappointed with unanswered questions . May be you guys will say this is Bitcoin forum. But please share your thought on this topic. I am really looking for it. Thank you.
11  Alternate cryptocurrencies / Altcoin Discussion / URGENT!! How to centralize ETH from different wallets with low fee!! on: February 12, 2018, 08:38:51 PM
I am posting again because of not getting answer in general discussion. Experts member please help me out.
Quote
My Brother just got  10 My Ether Wallets (MEW) and have some tokens and ETH in it. Now he wanted to centralize those 10 wallets into one. The current GAS fee is currently appx $2.14 , he just got 5 different tokens or coins with some ETH. Then the total costing for centralization of one account is $5*$2.14 = $10.7  , Then to centralize 10 wallet into one will be $10.7 *10 = $107.

Now i have following question --

1. Is there any other way to centralize ether and all the tokens into one wallet ?
2.  Is there any way to minimize the transaction fee (GAS)
3. What is internal transaction , i saw in internal transaction the fee is low than normal. Is it possible to implement here.


Please give me a way out. Please help me.  Huh Huh Huh
12  Alternate cryptocurrencies / Altcoin Discussion / Need Help !!! How to centralize ETH from different wallet with low fee!! URGENT on: February 12, 2018, 07:08:25 PM
I need urgent help. My brother just asked a question , but i failed to answer or give the best solution. My Brother just got  10 My Ether Wallets (MEW) and have some tokens and ETH in it. Now he wanted to centralize those 10 wallets into one.

The current GAS fee is currently appx $2.14 , he just got 5 different tokens or coins with some ETH. Then the total costing for centralization of one account is $5*$2.14 = $10.7  , Then to centralize 10 wallet into one will be $10.7 *10 = $107. Now i have following question --

1. Is there any other way to centralize ether and all the tokens into one wallet ?
2.  Is there any way to minimize the transaction fee (GAS)
3. What is internal transaction , i saw in internal transaction the fee is low than normal. Is it possible to implement here.


Please give me a way out.   Huh Huh Huh
13  Alternate cryptocurrencies / Mining (Altcoins) / Vega 64 for Eth mining !! Having hashing speed problems on: February 11, 2018, 05:13:57 PM
I already have bought few Vega 64 GPU for mining propose. I saw it will deliver 40MH hashing speed , but it it's only delivering 30MH just little more than 580.
But the out come is low.
My question is , will it worth my money with it's power consumption ? Suggest me what to mine with it for best out come ?

I am mining ethereum. I could still return it , if want to replace what would be better in that range . Thank you.

14  Bitcoin / Bitcoin Discussion / Why the System being RACIST against BITCOIN? on: February 11, 2018, 09:04:09 AM
No one accuses a Currency (Specifically FIAT Currency) when Bad persons or Criminals launder Currency ,  but if those criminal used BITCOIN , suddenly  the system become so certain that, it’s a BITCOIN problem.

I wanna share something (one of my friends point of view). That is so correct. It will connect to all of us for sure.



Some years ago , if some one is murdered by some one , and they met through the internet. The whole world castigate and blame the internet. But now people are over it because they all use the internet now. Haha i really think this is the matter.


Same thing applies for the Bitcoin. Yes i know there are some specific rules about Bitcoin , as it is decentralize  and irreversible transaction process. But when the system will also use Bitcoin as we , it will not oppose. I think this is a brilliant topic to discuss.  Huh Huh Huh
15  Other / Meta / Wanting Merit in your quality post is treated as a CRIME ?? on: February 11, 2018, 04:56:35 AM
Peoples are busy with their work, they login Bitcoin talk for a certain period. It's normal to forget to give merit. Some of them are generous and hard working , they find useful content through browsing. I know it's hard to monitor. Now my question is , if I give so much effort and try to write useful article  to improve the quality of our forum, then wanting merit with in the post.

After a long post I used to write -

 " if you like this , just commend me a MERIT point , it will boost my passion to research more."  


I am also giving an example of my post >>
https://bitcointalk.org/index.php?topic=2906256.msg29885924#msg29885924



NB:
1. I am new on this society, I saw peoples are getting merits by spamming. I saw a post , he got 30 Merits for one post (3 Line) .
2. I will not buy any merit from any one.
3. I have not messaged some one to give merit.



Will it be treated as a CRIME ? I am again saying that is not begging.

Why ?

I was posting a lot from the first, but after the merit point system added , it seems a very hard journey to get level up. That's why I have decided to write post more constructively. Give more time to write one. Now please answer my question . I am expecting answer from the senior members. If it is a CRIME I will not do that ( I have done it may be in 5 quality posts ) . If you say stop I will stop demanding on quality post also.

In Theymos post , there i  saw-

Quote
Collect TEN posts written in the last couple of months by other people that have not received nearly enough merit for how good they are, and post quotes for them all in a new Meta thread. The point of this is to demonstrate your ability to give out merit usefully.
  • 1. It's also a good Idea . If no one is recommending or collect our post what we will do ?
  • 2. Am i capable and ranked enough to get this service , and be a merit source ? I want to help people.

Hopefully you guys who understand what I want to deliver. Thank you.
16  Bitcoin / Legal / If Bitcoin is not FIAT Currency !! It is Better Than That !! on: February 10, 2018, 08:59:15 PM
I know you guys will say Bitcoin is a FIAT currency , I am also supporting it. But i saw many people arguing that Bitcoin is not Fiat currency and it will be never be matched with that. That's why i started to write this.

I got some reason to say if Bitcoin is not a Fiat currency it is better than that -

1. Bitcoin did not depend on obligation or advances. Now a days i heard there are few Banks through you can loan Bitcoin. But in most of the cases it certainly don't depend upon debt or loan.
2. You can claim your cash anytime anywhere without any control. In a word you own your money.
3. Anyone  can see precisely see where his /her cash is in the blockchain, dissimilar to my bank who as of late lost about an entire Bitcoin when I exchanged cash from one financial balance to the next in a similar bank. The Blockchain has never been hacked, in spite of a colossal abundance being set for any individual who could have it, dissimilar to Banks who are hacked frequently
4. Bitcoin is controlled by every one of us not a elite group of high society. Yes i agree this market could be control by volatile news. But this is the natural characteristics of a trading market.
5. Opening Bitcoin wallet is very easy , You can have numerous Bitcoin wallets with various highlights, having loads of ledgers is simply monotonous.


If i start writing full features that makes Bitcoin better than FIAT , it will take 3K words lol .For the present, the actual valuation of crypto currency - keep on being given in fiat currency reciprocals and that will furnish governments and central banks with some level of solace. A  contrasting option to fiat monetary standards is inescapable and if governments and central banks don't get on the crypto currency temporary bandwagon , a fall of governments may well take after, as the world searches for a decentralized money related framework that will at last be what the web moved toward becoming for publicizing and media organizations, just on an uncommon scale.


If you think this article was helpful . If you got some advise , i am ready to accept. Really passionate to write good articles.
17  Alternate cryptocurrencies / Mining (Altcoins) / What is the Minimum Gas amount should I use to transfer to MEW on: February 09, 2018, 07:17:24 PM
I wanna send $10 from one account to another account in MEW , my ether wallet , what is the amount of gas should I use to lower my transaction fee. Also tell me the required time to complete the transaction. Give me answer as of 09.02.18
18  Other / Meta / Bitcoin talk account in different IP ? Problem ? on: February 09, 2018, 08:59:54 AM
I am using my bitcoin talk account in different IP , like in my home office and cellular data , most of them are dynamic IP but in my home it is static. Will it affect my bitcoin talk account ? I am giving much time here , I don't want to have permaban. Please help.
19  Bitcoin / Bitcoin Discussion / End of Banking (Fade Up) !! I am moving to BITCOIN !! on: February 08, 2018, 08:25:02 PM
I just felt few things about banking and Bitcoin today . I wanna share here.

I just have passed 5 hour to create a bank account to XX Bank (I don't want to reveal the name). Suddenly today my friend needed $5K through a specific Bank. I did not have account of that bank . Do you know , i have invested my valuable time to verify my First name Last name , Nominee etc. Again today i felt wish i could send that amount through Bitcoin . I felt if there were no authority , it would be more easier. Decentralized technology is setting more influence in the hands of people and Bitcoin is a genuine move up to our cash. Why i am saying that ? please check the reasons , (I may be wrong , but i swear i am disappointed on conventional banking)

Sky High Fee for sending money :


In Banking the most alarming factor to send money to another country is their high transaction fee. Later i realized  they really needed it , because they have to operate a huge HR to operate one single transaction. Recently the transaction fee between Bitcoin wallets is lowered. Bitcoin is the least expensive approach to send worldwide installments. As somebody who works on the web, I've attempted a wide range of installment choices and Bitcoin is the least expensive. When I send bitcoins, I pay the need mining charge that is so minimal and it depends on the number of transaction , not my amount .

Some Examples (Collected)
Worldwide bank wire: between $22-$50 (1-3 days)
Paypal: 2.9% or more $0.30, 2.5% remote trade expenses (considers 3-5 days to store)
Settlements: Between 9-13% (typically takes 5 minutes)
Visas: 3-5% for dealers, for buyers (expecting you pay on time) yearly expense $0-$200, 2.5% outside cash transformation, numerous expansion charges and premium charges for late installment.
Other e-wallets: There are a wide range of e-wallets yet exchanges can go from 2-4% on remote trade charges, a % or settled expense for sending and getting installments and 1-5% for stores/withdrawals into your bank.

So do i need to explain more ? its crystal clear.  

So long and Critical PERMISSION:

Opening a ledger or applying for a Mastercard requires rounding out long structures and marking gets that never work to support you. Bitcoin is allowed to utilize and available to anybody without constraints. May be you have to sign the same signature over 10 pages or 50 pages. But in Bitcoin i don't need these things. Just the private key.

Sending Limits :

I most of the banks , there is a sending limit. If you want to send bigger then you have to pay bigger to make more richer account . That's a pure business. Banks need to confine buys and withdrawals with day by day spending limits. Bitcoin doesn't have any spending limits which implies you can send as much cash as you require.

Conclusion:
I am just fade up of the system . I came back to home , and rethink. I did not send the money , but spend almost 5-6 hours in bank  to open new account and understand their procedure. I know with these FIAT currency these are the common factors. Just opened a new wallet , bought the required amount from a exchange site , believe me the rate was so low than my banking experience. Then send it to my friend , for faster delivery may be i have used higher sat/b for priority . But thankfully he got. Its my real experience.


Thanks for reading. Help to improve. And if you already liked or got some useful things from my post , Just Merit it . It will boost my Forum journey. Thank you.  Undecided Undecided Wink Wink Grin Grin


20  Other / Meta / sMerit Decay system ? on: February 08, 2018, 05:04:31 AM
Please some one answer the sMerit decay system . How long it will gonna hold ? Just simple question >>
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