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1221
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Economy / Exchanges / Re: Bittrex Questions
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on: August 27, 2017, 03:31:50 PM
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One other thing i want to ask. So if u dont get a verified account, you could actually do these transactions anonymously... is that correct or not? For example i believe someone mentioned they require your email address but what else do they need? So if you have bitcoin and wave ETH, you create an account and verify account via email. Then you send bitcoin to bittrex account, then trade it for btc... then send the btc to your wallet... is that true or false?
If so, didn't someone mention that they allowed 3 btc max withdraw a day but now its like 0.025 or something ridiculous like that?
Can anybody confirm that Bittrex really has a 0.025 BTC withdrawal limit per day for unverified accounts? If that is indeed true, would it be possible to withdraw more if you withdraw using one of the many altcoins instead of making a Bitcoin withdrawal? |
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1222
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Economy / Service Announcements / Re: Alternatives to 1Broker.com (buying stocks with bitcoin)?
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on: August 27, 2017, 03:17:57 PM
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Hi all, wondering if there is a rival / alternative to 1Broker.com (buying stocks with bitcoin)?
We've been promoting it as an affiliate and it's a really exciting service and users are REALLY interested in it, BUT 1Broker.com only offer 15% affiliate commission of fees - so if we earn 1btc they earn 9btc. This just isn't profitable for us at all as it costs more to send the traffic than what we earn - but if a 50% commission was possible it would be a different story, and we could actually really increase the traffic too, so on a 10btc earning both us and the 1broker company would earn 5btc each... then we would be able to send MASS traffic and educate users about the service.
I asked this of 1Broker and was turned down on a better affiliate commission - they would rather earn 85% of $0 than 50% of xxx - so if there is anyone else out there, who would want to acquire 1000-2000 new users a month and still earn profit (at "only" 50% commission instead of 85%) then please get in touch - I think this is an amazing service that people are really interested in and I'd love to show people how to buy stocks for bitcoin.
I understand why a high affiliate commission is attractive for you. However, you have to view this situation from the viewpoint of the operator of a (Bitcoin) broker. Who can afford to pay out half of their profit per customer to the affiliate, who referred the customer? The business has many other expenses aside from an affiliate system (development, hosting, payroll, legal fees, licenses...). What you are asking for is simply not sustainable for any business if they still want to turn a profit. |
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1223
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Economy / Web Wallets / Re: BTC.COM Hold my BTCs - Ask to pay higher than my actual balance
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on: August 26, 2017, 06:50:23 PM
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I suspect that the problem is not really caused by BTC.com. It is more probable that you are suffering from the overall congestion of the BTC network right now, which is caused by the switch of more than 40 % of hashrate to the currently more profitable BCH chain. The situation should get better in a few hours when the difficulty of Bitcoin Cash gets readjusted and the miners will once again make more profit mining the BTC mainchain  You can monitor the congestion in various ways, I like to use the following website, which tracks the amount of unconfirmed transactions: https://blockchain.info/unconfirmed-transactions |
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1224
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Economy / Gambling / Re: [Overview of all bitcoin casinos] Latest update: 25-08-17
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on: August 26, 2017, 06:33:20 PM
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I have a suggestion. Iīd like to request that you add a column to show, which of the Bitcoin casinos accept
Bitcoin Cash (if there are any at all). Many people, who like to gamble in these casinos from time to time
now have additional funds for entertainment due to the chainsplit.
If you donīt want to add a new column for this you could also integrate a short reference in the
"Coins" column that you already use in order to show, which casinos accept altcoins.
Keep up the good work Josepht!
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1225
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Bitcoin / Legal / Re: Bitcoin Tax heaven.
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on: August 26, 2017, 05:38:28 PM
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Someone owns cryptocurencies since long time ago, been exchanging them one to another via shapeshift and other anonymous exanges, never sold them for fiat yet. Value of portfolio dramatically increased. At one day he decides to move some part of capital into other assets, like real estate, stocks, or create a business. He is free to move anywhere around the world and/or change tax residency.
What would be the best strategy for him?
PS. He is libertarian minded and wishes to prevent terrorism financing (invest in state violence via taxation scheme).
Come to Germany or Austria, we pay an awful lot of taxes but not for Bitcoin holdings that have been kept for longer than a year Bad news is you'd have to relocate and obtain citizenship. The good news is the beer is good. It can actually be hard to prove that you have owned the coins for more than a year. The "Finanzamt" (the German equivalent to the IRS) may want to know where you got all your bitcoins initially. With the disappearance of several major exchanges like BTC-E or Mtgox not every user still has a way to prove where they bought their BTC. If you obtained your Bitcoins from even more questionable places than these extinct exchanges this could get even more difficult. Do you have any workaround for this problem? Of course you have an easy time, if you bought your BTC on a still existing exchange and can therefore easily prove that you hold them for more than a year. |
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1226
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Economy / Gambling / Re: ◥◤ NitrogenSports ◢ Mayweather vs McGregor 🥊 AUG 26 ◣ 0.01 BTC FREE BET! ◥◤
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on: August 25, 2017, 03:30:52 PM
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I think with the current BTC price, the highest limits literally never run anyway.
e.g. you could offer:
0.02/0.04
0.05/0.10
0.10/0.20
0.25/0.50
0.50/1
2.50/5
5/10
These levels would still offer enough variety for the different player types with varying wealth, while creating a better and less confusing user experience. Wouldn't make much of a difference. Most of the traffic is concentrated in the micro stakes regardless and you're not changing much within them. By getting rid of .01/.02 the low-end players will have to deal with playing at a minimum equivalent of about $17.5 NL. If we round it to 20NL then you can see that the threshold is pretty high compared to other sites. A less convoluted lobby would be a big difference in my opinion. What is the advantage of having a 25/50 table, which is either completely empty or a guy waiting for players? What is the advantage of having 0.01/0.02 and 0.05/0.10 for Omaha, while also having an intermediate stake level of 0.02/0.04 for Holdem? What is the advantage of having 2/4 and 3/6 tables, which very rarely run, when you could instead offer a single stake level in-between (2.5/5), which could make the game run more often while being neutral in terms of revenue? ... Stuff like this is just bad and could be improved tremendously by streamlining the offer a bit. A cleaner lobby is less confusing for new players and improves the poker experience by a big margin! A site like pokerstars with a really big playerpool can afford to spread games at 20 different stake levels. A site like Nitrogensports with a smaller (but growing) playerpool would be better off with 5-6 stake levels. If the demand is there they could always reintroduce a stake level (or if the BTC price drops too much) in the future, but for now, a streamlining would be a tremendous improvement. |
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1227
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Economy / Trading Discussion / Re: Need Advise on buying bitcoins
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on: August 25, 2017, 02:18:01 PM
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- is there any exchange which can get me registered just by my national identity card or passport? They are asking for utility bills in my name which I cannot provide since I live with my parents (normal here) so the bills are in their names. Tried to explain one of the support person but I guess they don't seem to understand
Most exchanges accept a government certificate of residency instead of a utility bill. You should be able to get this from the administration (municipality) of your home town. Basically, any document signed from a government agency should be sufficient! Besides, you could submit a bank statement instead of a utility bill (assuming that you have an own bank account in your name and donīt use the bank account of your parents). |
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1228
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Bitcoin / Bitcoin Discussion / Re: Will segwit empty the mempool?
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on: August 25, 2017, 01:45:38 PM
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Core devs openly saying you should just use fiat instead if the fee's are too high for you. Amazing. What leadership. What people. True cypherpunks, that lot. Don't worry guys, I'm sure segwit will fix all our problems soon, and these $10-20 w/d fees will go away soon..  The sad thing about the current fee level is that many "dust balances" can not be spend at all. I read about a guy that regularly bough 10 $ worth of BTC every week and sent them to his personal wallet. If he decides to transfer these BTC out of his wallet now, he will have to pay a ridiculously high fee because his transaction would combine so many small balances. Besides, the higher fees make certain use cases of Bitcoin completely unfeasible: -tip bots -micropayments -small transactions, which depend on fast confirmations in the next 1-2 blocks ... I really hope that some of the 2nd layer solutions will allow some of these use cases to become feasible again |
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1229
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Bitcoin / Press / Re: [2017-08-25] Why a Bitcoin ETF May Soon Become a Reality
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on: August 25, 2017, 01:39:48 PM
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Hmm anyone heard about the 2nd ETF filed by the Winklevoss twins? I can't remember what month they filed it though and the review is taking too long. Is this a sign that bitcoin ETF can finally be approved? While people have been waiting for the long wanted ETF there are investors who are taking advantage of a kind of ETF. Did you know about the GBTC, Bitcoin Investment Trust? By all means an ETF will come but smart big investors already started getting their hands dirty. https://finance.yahoo.com/quote/GBTC/Exactly the big boys are already here and they are coming with their huge amount of cash ready to be put in the ecosystem and now its their playground now with their own set of rules. One advantage though is that with ETF investors have somewhat a "protection" umbrella just in case something went wrong. But are we all willing to be under microscope when we are now covered by the ETF? I donīt think the Winklevoss twins filed a 2nd ETF. Instead the SEC has decided to review their first decision regarding the Winklevoss ETF and will release their new decision later this year. You are probably thinking about the new Bitcoin ETF by VanEck (a NY based money management company). https://www.coindesk.com/new-bitcoin-etf-effort-launched-money-management-firm/the fund won't directly invest in bitcoin as is case with other ETFs tied to the cryptocurrency This could actually enhance their odds for a favorable SEC decision! I really think we will see at least one ETF in either this year or the next year. |
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1230
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Economy / Gambling / Re: ◥◤ NitrogenSports ◢ Mayweather vs McGregor 🥊 AUG 26 ◣ 0.01 BTC FREE BET! ◥◤
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on: August 25, 2017, 01:28:44 PM
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I didnīt think that Mayweather is actually 12 years older than his opponent  I have a suggestion regarding your poker offer. If you look at the cashgame lobbies you see lots of empty tables, lots of tables where one players is waiting for opponents and a few running tables. This looks quite confusing to a new user, who enters the poker lobby for the first time. Wouldnīt it be better for the user experience, if you would get rid of certain stakes in order to streamline the poker offer? Instead of offering games from 0.01/0.02 up to 25/50, you could restrict the available stakes to fewer different stakes. This would create a much cleaner and more inviting lobby for casual players! I think with the current BTC price, the highest limits literally never run anyway. e.g. you could offer: 0.02/0.04 0.05/0.10 0.10/0.20 0.25/0.50 0.50/1 2.50/5 5/10 These levels would still offer enough variety for the different player types with varying wealth, while creating a better and less confusing user experience. |
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1231
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Alternate cryptocurrencies / Altcoin Discussion / Re: BCC/BCH (Bitcoin cash)
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on: August 24, 2017, 05:00:27 PM
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At this time bitcoin cash miners can't find a block even if their life depended on it, it's been 4 hours since the last block and due to the shitty difficulty retarget bch has it will take years to readjust. I consider it a dead coin.
If the code was duplicated from bitcoin, why are there such problems with difficulty retargeting, and shouldn't it automatically correct within a few days, if not shorter? There isnīt a real problem with EDA (difficulty adjustment). The problem is that miners are able to take advantage of this mechanism. 1. Use their hashrate elsewhere 2. The difficulty adjustment is activated, which makes mining more profitable 3. Many miners switch to the now hugely profitable BCH chain 4. Due to the influx of hashrate the difficulty skyrockets 5. Miners switch and use their hashrate elsewhere 6. The difficulty adjustment is activated, which makes mining more profitable ... This cycle will probably continue for quite some time as long as BCH price is not too low. But what can you really do, it was to be expected that most miners would always mine the more profitable chain |
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1232
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Economy / Speculation / Re: Bitcoin has soared to new Heights , Now the Crash is starting , R U READY?????
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on: August 24, 2017, 12:27:14 PM
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Risk of losing 50% vs today (still on profit territory for most?)
vs.
Chances of getting a x10 to x50 (balls of steel required)
-> Choose your camp...
(Alts are proably a good way to hedge your game)
I highly doubt that alts are a good hedge. Most are heavily correlated to the BTC price. This is especially true for all of the more than 1000 altcoins, who are not even traded for fiat directly and are exclusively traded against Bitcoin. If BTC would crash tomorrow, you would see a bloodbath in altcoins as well. A better hedge might be something else than fiat or cryptocurrency (precious metals, real estate, stocks...). |
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1233
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Economy / Exchanges / Re: List of bitcoin debit cards
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on: August 24, 2017, 10:36:35 AM
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That's an interesting find. I'm thinking what the risk could be for such companies when offering truly anonymous cards. You would have to be able to tie addresses to the card somehow, so you would have to have an account somewhere. Then, you would need a way to verify that the holder of the address is the true owner and find a way to check that. Would that be the reason for the verifying done anywhere, or is it more in the sense of providing credit and legilsation that has to do with that?
Is has to with regulatory requirements. In Europe it is required to make the customer undergo a KYC (Know-your-Customer) process in order to use a prepaid credit card with a lifetime limit of more than 1000 . The EU is even thinking about reducing this to 250 , which is ridiculously low. In BTC terms this is roughly 70 mBTC until you have to verify your account!
The pretext for these requirements is to prevent the financing of terrorism and to prevent money laundering. However, the elephant in the room, might be the wish to prevent people from tax evasion |
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1235
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Economy / Gambling / Re: Cloudbet.com - bitcoin sportsbook and casino | BEST NFL and EPL odds anywhere!
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on: August 24, 2017, 10:20:29 AM
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Have my account for half a year, made 3 deposits, 6 withdrawals so far, withdrawals #5 and #6 were of 2 BTC and 1 BTC just a few days ago, both transfers have been processed instantly.
Yesterday I requested withdrawal #7 and #8 of 0.03 and 0.3 BTC (I mistyped on the first withdrawal attempt).
Both withdrawals have been rejected few hours later.
This happened for the first time. They didn't inform me by e-mail.
Today I asked them for the reason. They answered the fee could have been too low though I used the default value as always. The fee has never been an issue before.
So I requested a new withdrawal of 0.6 BTC which is pending for hours once more. I have a feeling it'll be rejected again.
Hope this will not end up as a new case in the "scam accusation" section...
I think the reason for the rejection of your withdrawal is actually quite plausible. The BTC network is suffering from huge congestion right now and therefore transaction fees have increased. E.g. the standard fee you used in the past may not be enough anymore, if the mempool is as big as it currently is: https://blockchain.info/unconfirmed-transactionsThis special situation might make it necessary that you increase the fee value, if you make another withdrawal. |
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1236
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: August 23, 2017, 04:48:03 PM
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BTC is not exactly cheap and quick to send at the moment either. For a transaction with some inputs (976 bytes) Electrum suggested a whopping 0,0047BTC fee !
I was wondering what would happen, if I discard the standard Electrum fee with a transaction like this and instead send it with a customized small fee like 0.00005 BTC. If my transaction gets confirmed in a day or so, everything worked out. What would happen to the transaction, if the mempool hasnīt been cleared and my transaction doesnīt get confirmed? I read somewhere that it will be removed from the mempool after a few days, but what exactly happens to the sent funds and the included fee? Are both returned to the sending address? Is it necessary to accelerate the transaction (how exactly does that work?) and if I fail to do this the transaction amount + the attached fee are lost forever? |
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1237
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Economy / Gambling / Re: Official Americas Cardroom Thread
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on: August 23, 2017, 03:23:27 PM
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Why should anyone deposit bitcoins to play here and wait up to 72 hrs to get paid? There are bitcoin poker rooms that payout instantly. If you accept bitcoin deposits then cashout should be instants. To make someone wait up to 72 hrs and weekend doesn't count isn't right.
Because Americas Cardroom offers much more active tables and higher tournament guarantees than any of the other Bitcoin poker sites. Sites like Seals with Clubs have not even 50 players at peaktime, while Americas Card Room has more than 1000 players at peaktime. Cashout times are of course not great compared to other Bitcoin sites, but the offer is superior in terms of available games, liquidity and so on. Just take a look at the current MTT series with several millions in guarantees. No other poker operator that accepts Bitcoin comes anywhere close to these numbers |
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1238
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Economy / Economics / Re: Can Bitcoin also lead to corruption ?
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on: August 23, 2017, 02:58:58 PM
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Bitcoin not only leads to corruption but it fosters it. Since bitcoin assures you anonymity all you have to do is loot public funds, and buy bitcoins with it. There would be 98% assurance that youre never going to be caught.
This depends heavily on the way that you use to acquire your Bitcoins. If you wire your funds to an exchange, you can be caught quite easily, because most on-ramps for fiat are following KYC/AML requirements, which makes you lose your anonymity. There are several blockchain analytics companies, which track funds (e.g. for the IRS), which is actually facilitated by the public nature of the BTC blockchain. Take a look at: https://www.chainalysis.com/Your assumption might be true, if you buy your Bitcoins using Localbitcoins or a Bitcoin ATM without verification. |
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1239
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Economy / Exchanges / Re: List of bitcoin debit cards
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on: August 23, 2017, 02:51:16 PM
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Question to bitcoin debit card users:
Which card service has been the best in terms of anonymity for you?
During my research of several Bitcoin Debit Card providers, I have found out that the majority of providers uses the same payment solutions provider ( https://www.wavecrest.gi/) in order to issue their cards. Due to this nearly all providers have the same verification requirements. Therefore you will have similar problems with anonymity with nearly all Debit Card providers, because as an unverified user the limits are very low. Letīs take Cryptopay as an example: Max lifetime load as an unverified user is: 1000 If you want to spend/withdraw more than 1000 in your lifetime (!) you will have to provide the necessary KYC/AML documents, which is in conflict with your goal of anonymous withdrawals. If you really want to do anonymous withdrawals, Localbitcoins might be a better way than a Bitcoin Debit Card. |
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1240
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Economy / Service Discussion / Re: Debit Card for crypto withdrawals in
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on: August 22, 2017, 06:35:27 PM
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Better to check this review thread here for almost all crypto debit cards https://bitcointalk.org/index.php?topic=1410577.0also check the updated post there about a new debit cards. . Spectrocoin is another one which is pretty good and cater to the EU, they do have fees but they are not the worst.
I heard that spectrocoin had many issue most of the reviews are this spectrocoin is scam better to go in other debit card for crypto that i think there are much safier than this . Iīm aware of the thread you linked. Itīs a great comparison of the various providers! But I was specifically searching for a provider that offers advantages - or at least doesnīt have disadvantages - for people, who are located in Europe and mainly want to make transactions in . Therefore I was looking for the experiences people (especially from Europe) have had with the various Debit Cards. Additionally, I was really surprised during my research that nearly all of the Debit Card providers use WaveCrest ( https://www.wavecrest.gi/) as banking partner in order to issue their cards. Even really new projects like Tenx use the same provider as nearly all of the existing providers. |
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