monroe is not traceable but bitcoin is. some companies use bitcoin tracing as business model.

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The biggest external threat is from governments and various attacks on the infrastructure, such as spam transactions, forks, poor reporting.

As an internal risk, I see high transaction fees and duration.

I'm a happy ledger nano s and cryptosteel user. It's not that cheap, but it's worth it.

to be honest, your questions does not make sense. Ransomware is already mainstream. Through ransomware many people hear for the first time about bitcoin. They open a mail and suddenly they have to pay with magical internet money to decrypt their data.

Buying/selling something with such numbers is also a nightmare. I don't want to count 0's if I want to buy a cinema ticket. If the price of bitcoins keep increasing, this will get even worse. Some applications and shops are already starting to use mBTC and other units, but it's different everywhere.

we need some standardization and a lot of education.

The high bitcoin price seems to be an obstacle for people who want to invest in it. Some may think, buying only a fraction of a bitcoin makes no sense. what should they do with less then 1 bitcoin?

Why not start listening and trading satoshis on exchanges? People who can not afford an whole bitcoin can buy thousands of satoshis. Of course, that has the same value and everything, but some folks it may help to feel better. I think this would help to become bitcoin more mainstream.

Google did something similar with their stocks. The primary google stock become to expensive, so they started a cheaper one.

what do you think, does this make sense?

you can use weaker mining hardware with less power consumption, but then you will also have less hashrate.

for example: a raspberry pi with an asic usb stick

I am glad that you like our service. Please recommend us to others.

You can only buy digital cats aka cat images.  There is no shipment required, you can just download them from our site.
The donations are for our 2 real cats, but they don't like to be sold and shipped.

Thank you for your interest in our exceptional service. I will try to answer all your questions and help you get rid of your doubts.

Of course bit2cat is a serious business. our founders, members, customers, partners and family members can't lie.

We are an exchange! We change cryptocoins (currently we support bitcoin and ether) and cats. A cat for every transaction.

Yeah, that's the way we collect money for catnip. At the moment we can only show the balance of our cryptocoins on our homepage. Our technicians are working on an SAP integration of our catnip warehouse.

Wow, I'm not sure I can answer all this. At the moment we have 2 cats. We are located in austria. I can post photos of my cats with geotag and current daily newspaper to confirm my identity.

source: https://www.coindesk.com/russian-regulator-bitcoin-limited-qualified-investors/

little to no affect on bitcoin. the market is not large enough to have an affect on the bitcoin price.
I can think of 2 reason why they want to forbid it. They fear the flight of capital, money would leave the country. And they don't want the ordinary people to profit from bitcoin.

such a war would escalate pretty fast. With china, russia, south korea and japan, such a conflict could lead to a world war pretty fast. I think such events have the same effect on the bitcoin price as on gold. it's value would increase.

but it will also have some unpredictable effects. Will there be enough electrical and hash power to keep the blockchain alive? how difficult would it be to buy something with bitcoin and would it be possible to exchange bitcoin for fiat?

Why was there such a sudden decrease in the mempool, how can this happen?



edit: and why is embedding images not working?

Hello sagwe,

thanks for your interest in bit2cat.

To be honest, you can't expect a high financial gain although the risks are high. The cats could destroy your house, some of them are even unclean. Follow-up costs are also to be expected.

But they are incredibly sweet and give a lot of joy. With your "purchase" you also support the cats on their way to world domination.

UPDATE:
new page layout, but I still suck at css
added ether 2 cat support

I read about it on reddit and it's quiet disappointing. In my opinion it's not a big setback for bitcoin. With this regulation they try to protect "oligarchs", they don't give ordinary russian people the chance to profit from bitcoin.

Bitcoin and cats, have you ever dreamed about combining these two worlds?
Today, I'm proudly present to you, world's first bitcoin 2 cat exchange: http://bit2cat.eu

No cats were harmed during the development of this service! Enjoy!

If there will be something like WWIII, I don't want to experience it. But since years I have the feeling that we are getting closer and closer to a big global change. I think such an event would lead to hyperinflation of fiat currencies all over the world. Bitcoin will be very strong during this times, but it may become illegal to hold and use. Remember the Gold Reserver Act from 1938 which made it illegal for ordinary people to hold gold.