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Bitcoin is super secure: Yet the blockchain is vulnerable to 51% attack if miners begin a mass exodus out Bitcoin is ultra fast: 15 minutes average for a confirmed transaction time. I can pay with something via paypal or credit card in a few seconds, instantly. Bitcoin is safe: I send 30 bitcoins to a scammer in Europe who promises to deliver goods. I don't receive said goods. I am now out 30 bitcoins. I send $3,000 via a Visa card to a scammer in Europe who promises to deliver goods. I receive nothing. I then provide all documentation to the fraud department at Visa and am reimbursed fully within a week. Seems to me this little increased 'transaction fee' is worth the peace of mind in a scammy society, no? Bitcoin is convenient: You have to download a client, then over 8gb's of data just to cold store your coins for the first time. I can toss a dollar bill in my leather wallet in under a second Bitcoin is free from government constraints: It's banned in several countries, including heavy restrictions in the second largest global economy (China). It's also subject to federal taxation just as fiat is in the United States. Bitcoin isn't an inflationary nightmare like fiat: (taken directly from bitcoin wiki): " Inflation is simply a rise of prices over time, which is generally the result of the devaluing of a currency. This is a function of supply and demand. Given the fact that the supply of bitcoins is fixed at a certain amount, unlike fiat money, the only way for inflation to get out of control is for demand to disappear. Temporary inflation is possible with a rapid adoption of Fractional Reserve Banking but will stabilize once a substantial number of the 21 million "hard" bitcoins are stored as reserves by banks.
Given the fact that Bitcoin is a distributed system of currency, if demand were to decrease to almost nothing, the currency would be doomed anyway.
The key point here is that Bitcoin as a currency can't be inflated by any single person or entity, like a government, as there's no way to increase supply past a certain amount.
Indeed, the most likely scenario, as Bitcoin becomes more popular and demand increases, is for the currency to increase in value, or deflate, until demand stabilizes. " How exactly is the demand the past half year? Purchasing power: I can store my credit card or cash in my wallet for days or months, and it will always have the same face value or balance it had when I first stored it. With bitcoin, I can put away 40 btc in cold storage and pull it out a day later and it can have %10 less purchasing power it had not even 24 hours before. If I send a moneygram to a relative overseas, I don't have to worry about them having 20% less purchasing power when they pick it up the next afternoon. Now. Sell me this bitcoin.  |
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Is that we are dealing with faceless entities over the internet and entrusting them with hundreds of thousands, if not millions, of our hard earned money.
Has anyone ever stopped to think how ridiculous it is that we actually put our faith and send money blindly to a most likely foreign operation ran by members known merely by an internet screenname? I mean how damn professional is it knowing that a good majority of these exchanges are owned by teens and mid to late 20's Russians simply known as 'XxShadowRoguexX' or 'SysOp69_4u.' With no physical company building or readily verifiable business location. Well. Let me rephrase that. Even having a physical location such as Mt. Gox didn't stop Mr. Karpeles from cleaning out shop.
Step back for a second and think about this. Do you think a company such as Apple or Samsung could just get away with being ran by anonymous CEO's that simply go by an internet screenname?
Bottom line is there's zero sense of accountability. Which is precisely the reason why they're able to scam...and keep scamming. Because they can make up any bullshit excuse they want and follow the crowd by saying they were 'hacked'...and there's nothing we can do about it.
And this is precisely the reason why I believe bitcoin will ultimate fade into the sunset of obscurity along with failed techs like tablet pc's and palm pilots. Could another, better tech supplant it in the future? Possibly. But as of now, it is nothing more than a haven for scammers, and has fell into the wrong hands. Assuredly the same exact hands Mr. Nakamoto feared.
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Wow, I haven't really kept up with the BTC/LTC market in awhile, but checking the charts today pretty much shocked me. Last I remembered it was surging up towards the 12 dollar market and all signs were pointing to bullish. The 365 day chart does not look good...at all.
Is there some particular news that is triggering this massive downward slope? And are any of you guys getting in now, or do you feel we might see another return close to 4 dollars like we saw late last year? I'm soooo tempted...but man, I've already been burned so many times in this altcoin game.
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I don't know if it's just some ironic/weird coincidence, but I can barely load any of these 3 sites (cryptorush and mintpal appear to be down), and coinmarketcap barely loads for me even after a ton of refreshes.
Hope this is just some weird coincidence. I've checked other sites and all appears to be fine...but these 3 are having issues right now.
Anyone else?
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Please let me know what you have and your rates. Looking for quick sales. Thank you.
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As title states, have 303 vertcoins for sale. Looking to move these asap for 0.83 btc total.
Please don't waste both of our time if you're not interested...check my trust feedback.
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As title states, have a little over 303 vertcoins. Let me know what you have, thanks.
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Have a little over 46ltc's to go around...looking for around 30m panda. In case you didn't know, ltc just got added to china's houbi exchange.
If you have smaller amounts of pnd, let me know, we can probably work something out.
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Buying at 1 satoshi each, up to 1.5btc worth. (100 mill peng per 1 btc)
Please let me know what you have, thanks. Escrow only if you have limited or zero feedback.
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As title states, want to sell just a hare under 7 mill (6.9xxx mill) coinye, at rate of 0.03 per million, obo.
So let's say 0.2btc for the entire ~7 mill lot. Can do small transactions or all in one via escrow...check my feedback. Thanks.
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Just wondering if I'm worrying over nothing. But withdrew over 1btc from my coins-e account last night directly to my wallet. Instantly showed up in my wallet, but it is now over 8 hours later and there are still ZERO confirmations. Is this coins-e's fault or did my transaction just get stuck in the chain? Here's the info on blockchain (estimated time has been bouncing between 2 and 4 minutes since before I went to bed): https://blockchain.info/tx/d926078e74d8640b470415588ab63239ed3348c1af27aa8f38b484e08c020a57Thank you |
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Not going to beat around the bush here...want to buy as many mooncoin you have @6 satoshi. You don't have to bother with exchanges or fees or losing your ass.
Tell me how much you have and let's get trading. You send first or escrow only through escrow.ms on this forum. No exceptions.
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0.32btc worth...please let me know what you have to offer. we will go through coin-swap for security.
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Have 1.0 btc and want to purchase 600k doge.
Please do not waste my time or beat around the bush if you have it. I have the btc on hand, and transaction will be done securely by the most trusted escrow member on this forum.
Please pm me if you are ready to sell and get this done.
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I've been perusing around a few threads, and I guess the consensus is to avoid mtgox like the plague. Fair enough.
But which of the remaining exchanges (for day trading) would be the best, all things considered?
Mind you, I'm not going to be depositing money from my bank (as I purchase all my btc through coinbase), and will be only depositing btc directly. But I'm more concerned about the withdrawl times and overall dependability.
Any suggestions would be greatly appreciated, thanks!
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As title states, want to buy as much doge as possible for 1btc.
Low or no feedback individuals must go first. Else, am open for escrow.
Let me know what you have and at what price.
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I'll try and keep this as short and concise as possible. I know perhaps my personal experience may not be indicative of the whole, but it has still left quite a sour taste in my mouth.
Signed up for a virwox account last week, after exploring my options. Already had a coinbase account, but it's still under the 30 day trial phase so I can't purchase more than a tiny amount instantly at a time.
All went fine, and I funded 2 maximum transactions to purchase SLL (or whatever it's called) through my bank's visa debit card (with more than adequate funds available).
That was around 3 days ago. The next day, I decided to convert my SLL to btc at their accepted market rates so it would appear instantly in my account. All good...0.22 btc.
Later that afternoon, I found that I could not even load the virwox homepage. Kept on timing out...502 bad gateway...repeat...repeat. Finally gave up, as it seems their server was completely fucked. That's gotta be a great selling point for dealing with digital currency markets that can suffer huge market swings in the course of even an hour, right? ......
Finally was able to log in (albeit after several refreshes) and access my account about 8 hours later. Promptly went and submitted my first withdrawl request for the btc directly to my wallet. Okay...seems promising.
Their website stated that it would be subject to manual review, since this was my first withdrawl from their service.
I'm totally cool with that, as I'd never have anything to hide.
Fast forward to yesterday morning. I try to log in, and suddenly am greeted by a red 'your account has been disabled' message. What. The. Eff?
I thought perhaps it was just a glitch, or that I had entered the incorrect password. Try 5 more times, each time the same message.
Check both my email inbox and spam folders and not a single message from virwox stating an impending account lock.
Soooooooo....after fishing around their site, I finally locate their customer service email. Wrote them a not-so-friendly message asking why the hell I'm locked out of my account while they have my hard earned money.
A few hours later was greeted by this totally awesome message:
Hello,
unfortunately we have received high risk indications for your account from our credit card processor (Skrill). We have therefore refunded your payment and closed the account.
It can take up to 7 days until you see the refund back on the card or bank account.
Greetings,
VirWoX Support
No apologies. No details outlining what prompted or constituted a 'high risk indiciation'...nothing. I've used this same credit union for over 10 years now, without issue.
Needless to say, they better refund my money asap, or I'm going to get ugly with them. This may have ended up being a blessing in disguise, however...as virwox's transaction fees are absolutely laughable.
End rant. Hopefully anyone else deciding to use them has better luck than me. But definitely user beware.
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I'll try and keep this as short and concise as possible. I know perhaps my personal experience may not be indicative of the whole, but it has still left quite a sour taste in my mouth.
Signed up for a virwox account last week, after exploring my options. Already had a coinbase account, but it's still under the 30 day trial phase so I can't purchase more than a tiny amount instantly at a time.
All went fine, and I funded 2 maximum transactions to purchase SLL (or whatever it's called) through my bank's visa debit card (with more than adequate funds available).
That was around 3 days ago. The next day, I decided to convert my SLL to btc at their accepted market rates so it would appear instantly in my account. All good...0.22 btc.
Later that afternoon, I found that I could not even load the virwox homepage. Kept on timing out...502 bad gateway...repeat...repeat. Finally gave up, as it seems their server was completely fucked. That's gotta be a great selling point for dealing with digital currency markets that can suffer huge market swings in the course of even an hour, right? ......
Finally was able to log in (albeit after several refreshes) and access my account about 8 hours later. Promptly went and submitted my first withdrawl request for the btc directly to my wallet. Okay...seems promising.
Their website stated that it would be subject to manual review, since this was my first withdrawl from their service.
I'm totally cool with that, as I'd never have anything to hide.
Fast forward to yesterday morning. I try to log in, and suddenly am greeted by a red 'your account has been disabled' message. What. The. Eff?
I thought perhaps it was just a glitch, or that I had entered the incorrect password. Try 5 more times, each time the same message.
Check both my email inbox and spam folders and not a single message from virwox stating an impending account lock.
Soooooooo....after fishing around their site, I finally locate their customer service email. Wrote them a not-so-friendly message asking why the hell I'm locked out of my account while they have my hard earned money.
A few hours later was greeted by this totally awesome message:
Hello,
unfortunately we have received high risk indications for your account from our credit card processor (Skrill). We have therefore refunded your payment and closed the account.
It can take up to 7 days until you see the refund back on the card or bank account.
Greetings,
VirWoX Support
No apologies. No details outlining what prompted or constituted a 'high risk indiciation'...nothing. I've used this same credit union for over 10 years now, without issue.
Needless to say, they better refund my money asap, or I'm going to get ugly with them. This may have ended up being a blessing in disguise, however...as virwox's transaction fees are absolutely laughable.
End rant. Hopefully anyone else deciding to use them has better luck than me. But definitely user beware.
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can't for the life of me view or log into my account at all today...keep getting timed out with 'bad gateway' message. very frustrating...down for anyone else?
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