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321  Economy / Exchanges / Re: NOTICE OF ACCOUNT CLOSURE AND PENDING DISABLEMENT on: August 20, 2017, 04:12:37 AM
Hello,
Today I try to login to my Coinbase wallet and got this error.

Quote
Our records indicate that you have attempted to log in to your Coinbase account from a country in which Coinbase is prohibited by law from doing business (Iran (Islamic Republic of)) per the sanctions imposed by the U.S. Treasury Department’s Office of Foreign Assets Control or other governing bodies. As a result, your account has been restricted.

If you are not a resident of a sanctioned country or otherwise have received this notification in error, please contact us at support@coinbase.com and provide us with a copy of a current, government-issued ID and proof of your current address, such as a utility bill or rental agreement.

If, however, Coinbase concludes that you reside in a prohibited region or are violating applicable sanctions in any way, your account will be closed and Coinbase will take any other actions required by law.

Is there any solution, anyone can solve?
I have submitted a appeal already to enable my account again.

It's quite strange. Have you ever gotten weird confirmation emails for login for coinbase when you haven't even logged in? Since you said that you don't live in iran then it's either you used a proxy/VPN that is Iran-based or some Iranian hacker had your password.

In any case i think that coinbase should have at least done better by providing the IP address so you can check where the problem stems from.

If they close your account, then i'm pretty sure you don't get your coins back. As QS said, it is really up to the US government as they are the people who implemented these regulations.

Just provide the documents to them. How much did you even have in there? if it's a small amount don't even bother.
322  Economy / Web Wallets / Re: blockchain fee on: August 19, 2017, 11:25:06 AM
the bitcoin fee you have to pay depends of the number of bytes of the transaction ( and seems to be independent of the amount of the transaction) but when you perform a sending transaction in blockchain the number of bytes is not displayed so you don't know the number of bytes.So you don't know how much fee you have to pay.

Pretty sure that blockchain.info gives you info about the amount of transaction fees you have to pay before you send the transaction, and there is even a custom send option in which you can choose your own fee level. Does it not?

And yes, fees do depend on the amount of bytes of your transaction. It's got nothing to do with the value of btc you are sending whatsoever.

If for whatever reason blockchain.info fails to give you an estimate(extremely weird, contact their support), you can estimate the transaction size yourself: amountofinputs*180 + amountofoutputs*34 + 10.
323  Bitcoin / Bitcoin Discussion / Re: Is hoarding bitcoins good or bad for it's growth? on: August 19, 2017, 11:17:27 AM
IMO, it doesn't really matter.

People hoard gold, but it is still considered to be one of the best stable assets available out there.

It's good to have some economic activity happening, but we really don't need a lot of it right now. A little bit is fine.

People are hoarding now because they see the potential of bitcoin. Right now not a lot of merchants even accept bitcoin. When bitcoin gets more recognition in the future, naturally people will start using bitcoin as a legitimate currency instead of a speculative tool. It's nothing to worry about, really.
324  Economy / Gambling / Re: Experiment: 1% profit daily gambling over 90 days (91 days exactly) on: August 19, 2017, 10:44:55 AM
I really don't think that this experiment is going to show much at all due to the fact that there can be short term variances that will affect the outcome of your bets. We all know that gambling is -EV, and hyips are even worse.

Although 1% profit seems to be achievable, it is definitely not sustainable.

If my calculations are correct then the odds of you winning all of the 90 bets is only going to be around 16~%(i'm not a mathematician so if someone thinks its wrong lmk). You're probably better off placing a single bet, you'd be exposed to less house edge.
325  Economy / Economics / Re: central banks and Bitcoin on: August 19, 2017, 06:04:52 AM
Hey,
I am right now a little bit researching about financial stability and monetary policy.
It seems that monetary policy through a central bank is pretty important for the global financial stability.
For example if there is a financial crisis, central banks try activly to stabilize the financial system.
If Bitcoin would replace fiat money and such a crisis would occur, wouldnt this lead to long term financial instability?



I believe that a lot of the issues that arise with fiat currency is purely made by the central bank itself.

The biggest long term instability in my opinion with fiat currencies issued by a central bank is inflation, which in the end makes fiat currencies completely worthless. No single fiat currency has survived for more than 200-300 years, maximum. The average lifespan is significantly less than that.

Only a decentralized currency, such as bitcoin can combat inflation because government cannot abuse its power of the printing press.

Plus, is it really worth it to bail out big banks and stuff with basically taxpayer dollars? This just makes banks less careful with their investment choice knowing that they will get bailed out by the government.
326  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin be useful for governments and banks? on: August 19, 2017, 05:47:03 AM
Very often I see people asking here if governments and banks are going to destroy crypto, because it aims to replace them.

But what if governments and banks can benefit from Bitcoin too? Here's a few cases that I can think about.

Just like US military invented Tor for their own use, cryptocurrencies can be used by agencies like CIA for their own purposes. They can secretly fund opposition in other countries, as well as fund private companies, researchers and political figures.

Bitcoin can be used as universal global money, it's much cheaper to store and transact than gold. Many countries are unhappy with financial hegemony of USD, and Bitcoin can easily solve this problem (although centralization if mining around China can be slightly problematic).

Banks can offer their customers better privacy via cryptocurrencies.

Thoughts?

It makes sense but i'm not sure how a government is going to go about using bitcoin to achieve whatever they want to achieve.

There is really no incentive for any government to use bitcoin because that would mean that they are giving up their power to print as much paper money as they want. With bitcoin, this power is gone. If the central bank says that banks should start using bitcoin, then how will tax evasion be detected? These are all points to consider.

I think that governments will probbalyl in future develop their own centralized cryptocurrency, instead of adopting an existing, decentralized one.
327  Bitcoin / Bitcoin Discussion / Re: Bitcoin on Uber on: August 19, 2017, 01:55:50 AM
It is a good news but why tip? Why not just integrate it as a payment method instead? Tipping a driver who has no idea what bitcoin is or even have a wallet (except a wallet is also integrated for the drivers) is going to end up being a waste. Unless you have all the strength in the world to start explaining bitcoin to the driver and setting up a wallet for him before your trip ends.

I'm pretty sure that Uber isn't the company behind this. It is only one single driver that is accepting bitcoin as tip.

As you said, obviously being able to tip in bitcoin is good. But what would be infinitely better would be to have an actual payment method as bitcoin on the uber app itself, so you can pay for rides directly with bitcoin.

But i'd take that too - better than nothing. Plus, even though this driver might not represent the majority of uber drivers, he could influence other drivers into accepting bitcoin tips as well, or even potentially let the customer pay in bitcoin directly(might be violating tos of uber though).
328  Economy / Speculation / Re: BITCOIN = TULIP BULB MANIA? on: August 19, 2017, 01:42:26 AM
I'd love to see these guys reactions a few years from now... Bitcoin is growing steadly along with many other icons popping off left and right. And even if it eventually fails, there'll be another coin in place to keep the cryptocurrency ideal going forward, no doubt about it in my mind.

I honestly think that they are correct. When you are in a bubble everything looks rosy. Bitcoin has a lot of uses and in my opinion will revolutionize the world and how the banking sector operates, but there is simply no reason for bitcoin to rise so sharply in such short periods of time.

We may well be in a bubble. I don't think that this is going to top out just yet, though. We'll probably break some more price barriers before it comes crashing down.

I would say though that this bubble is a lot better than the tulip bulb mania. At least bitcoin is something useful, and hasn't risen as much as tulip bulbs back in the days...
329  Economy / Scam Accusations / Re: Scammed by live:embroiderymate for AWS account $15 on: August 19, 2017, 12:16:29 AM
He was already tagged well before you got scammed.

See here: https://bitcointalk.org/index.php?topic=1663453.0

This is a scam accusation from October last year, and a DT member has negged him for it.

Take this as a lesson, either use escrow in your purchase or expect to get scammed. Especially when the guy already has a worthless account which has open scam accuastions. Thankfully, it wasn't a large amount. Also, scammers love skype. Make sure to keep all communication on forum.
330  Economy / Exchanges / Re: Bittrex buying and selling among other alts on: August 19, 2017, 12:06:08 AM
Yep, Bittrex has only BTC/Altcoins pairs, It hasn't Altcoins/Altcoins pairs, which is something I don't understand at all why not, So as Erikalui said, you need to play with Bitcoin each time (convert to BTC and then use BTC t buy an Altcoin)

It does have altcoin to altcoin pairs.

For example, there are Ethereum and USDT markets on bittrex. You essentially are selling whatever altcoin that you have directly to Ethereum/USDT(both altcoins themselves, and in the process you are pretty much avoiding a ton of fees.

however a thing to consider is that there are very few pairs when doing alt to alt. Also, the market spread may be higher since there is a lesser amount of traders actively trading on these pairs.
331  Economy / Exchanges / Re: Poloniex Experience on: August 18, 2017, 11:33:57 PM
Does anyone have negative poloniex experience here? What escalation process actually get's them to answer a ticket? Do we have any poloniex reps here?

I haven't been using poloniex ever since around March because they've been having issues every single day after that.

Personally, i've seen my withdrawals go 2 days "awaiting approval".

But others have definitely experienced worse. I've seen people have like thousands of dollars in their account and are unable to get a single cent out because of the fact that their account is suspended. Nobody knows why it is suspended, and you're instructed to contact support. But once you submit your ticket it's lost in a black hole.
332  Economy / Speculation / Re: Just about 20 million. Wait and watch it REALLY explode... on: August 16, 2017, 07:09:31 AM
Tens, hundreds of thousands of new bitcoin purchasers, traders, holders... It's a fever, across the world, making the mainstream news -and new highs- every day....

But this is NOTHING. All those 10s, hundreds of thousands of new bitcoin converts, hardly realize yet that there is going to be only 21 million bitcoins. Ever. And about 1 million have already been lost forever, so, basically, about 20 million...

What is going to happen when not hundreds of thousands, but actually hundreds of millions of people want to have bitcoin?

We ain't seen nothing yet.

Here's my prediction, for the books: $50,000+ within 5 years, probably within 3 years.

Or earlier.

Agreed. The most valuable trait of bitcoin in my opinion is the fact that there is a hard limit imposed on the amount of bitcoin that can be ever created. This is directly opposing most world governments which just print money whenever they want to inflating the monetary supply and making your dollars worth less, essentially.

Also even though bitcoin has existed for 8-9 years now, it's still quite new. People still generally have no idea what it's about or why it is necessary. Some of my friends still think that bitcoin is a company.

Your prediction might happen, considering how crazy this pump has gone so far. But imo it's unlikely as usually after a pump like the current one the market essentially goes to sleep for the next 4-5 years, and gradually decreases in price.
333  Economy / Speculation / Re: Will bitcoin ever drop below 2500 ? on: August 16, 2017, 06:57:30 AM
Just curios. any ideas?

Don't forget that bitcoin has come from $2500 at the start of the month. And it only took 2 weeks for bitcoin to get to what it is at right now.

Plus, dumping bitcoins massively usually takes less time for bitcoin to climb its way up.

I'd say that it is definitely something that you've got to prepare for. It might seem completely unlikely that it's going to happen right now, but in 2013 bitcoin went from $1300 to $500 in a few days time. It might be going up one day and all of a sudden everything is just in red.

I'd say even below $2000 is possible. It just depends on whether people panic on a massive scale, and make others panic alongside them, resulting in a big ass dump.
334  Economy / Speculation / Re: $100000 by 2024? on: August 16, 2017, 06:46:54 AM
A nice trend line on the logarithmic chart to keep track off





It seems to be working. I see a lot of people using the linear chart with Bitcoin, I think it's pointless at this point. To understand what's going on you need the logarithmic chart, otherwise you are going to think we are on a constant bubble. People have been looking at the linear chart since $1800 and saying it's too pumped because when you look at the all time graph in the linear view, it gives you a ridiculous green candle. Gotta look at this thing in log mode from now on.

As absurd as this may sound to some people i think that it is completely doable in the long run.

People said the same thing when they heard others say that bitcoin is able to break the $1,000 mark again. And look at where we are right now, $1k per bitcoin is literally considered to be cheap. However i think that 2024 may be too soon of a time. If that date was moved back to 2034 then i'd have my money on btc being $100000+.

A fiat value assigned to bitcoin in the long run is pointless, really. Because bitcoin is a disinflationary currency, and fiat is inflationary and may become worthless at any given moment.

Also, don't forget McAfee's bet on bitcoin going to over $500k by 2020. I mean it sounds crazy, and i know it's probably not going to be achieved, but still.
335  Economy / Speculation / Re: price after segwit? on: August 16, 2017, 06:34:13 AM
So segwit will supposedly be activated this Fall right? This should mean blocks are no longer near full, transaction fees go back down to hopefully 10 cents or so, and sending bitcoin will go back to taking tens of minutes instead of hours.

What will all this do to the price?

Will this first step in scaling be the sign investors need to really start jumping in on Bitcoin? Will it be the sign the USA SEC needs to approve the Bitcoin ETF, allowing people to invest in bitcoin more easily?

Assuming bitcoin growth slows down this summer, will segwit create another boom this Fall like we've had this Spring, sending bitcoin possibly close to $10,000 by end of year?

Whatcha think?

This question is very relevant right now, since Segwit is about to get activated in just a week's time.

I would really expect the price to not move this much, perhaps a $100-200 pump tops but no further movement apart from that. It probably won't go down that much either, if it was to go down which is unlikely in my opinion.

The reason why is because we basically all know now that segwit is going to get implement it. There is very little doubt. The pump has already happened when Segwit got locked in a week ago, and the upward trend is slowing down.

Unlike the 1st August events, the segwit activation is pretty much certain and i'd be surprised if it doesn't go smoothly.
336  Economy / Speculation / Re: Bitcoin in a mood of correction? on: August 16, 2017, 05:58:10 AM
I have been watching Bitcoins all the time after it hit $3000 just a few days back after which a super rally got injected and it inflated higher till it reached its new ATH of 4491 (near to 4500 as mentioned by me and many other speculators), but it looks like it is currently playing sub 4000 but being fallen >10% of its price is indicating that once again we will be getting some coins for cheap. Shall we take it as just a corrective measure and move on and buy more OR shall we wait and see how big will this dip be?

Growth have cerrtainly slowed down a lot in recent days compared to before, and i do think that we may be in for a correction here.

Any time bitcoin price rises by more than 20% in a few days, there has been a correction. Whether short term, or long term. Price has simply gone up too fast, and even if it does continue to go up short term wise there will be a dip.

We've already seen price go down from $4500 to $4150 right now, but i think it'll be a much harder dump still coming up.
337  Economy / Digital goods / Re: [WTS]Unlimited Starbucks Drinks + Food Method US/CA Only! on: August 13, 2017, 04:31:15 AM
Is it social engineering or anything of the like?

It's not really worth the risk for anyone even if it is slightly illegal because they are recorded by security cameras and all that when they are purchasing their drink. It's not like online where it's at least semi anonymous.

Also, autobuy links aren't recommended because it can literally contain anything. It's best to accept an on-forum escrow.
338  Economy / Currency exchange / Re: Selling 83$ btc for 100$ paypal on: August 13, 2017, 03:27:19 AM
I will send you invoice and you pay it let me know if someone interesed

Make sure you don't deal with newbies like the guy above me. Please, you don't want to be scammed when someone charges back on you. It's not a good feeling at all. Deal with legit members with an established rep only.

Trust me, i've learned from experience.

Paypal + newbie is something that you should avoid if you want to stay safe.
339  Economy / Scam Accusations / Re: Bitcasin.io scam (exit scam maybe?) on: August 13, 2017, 03:13:40 AM
This is the thing with semi-regulated casinos, they always ask you for KYC after a while and you never see it coming.

I don't think that this is an exit scam, otherwise they would have blocked some other withdrawal other than this tiny ass 20 mBTC one.

To be honest, any bitcoin casino should operate on the principle of not having KYC if not needed. Because people deposit on the expectation that they won't be held up by anyone, otherwise they would all be going to fiat casinos instead.

Thankfully you weren't required to provide id when you withdrew larger amounts. Otherwise, it would have been a disaster.
340  Economy / Speculation / Re: Price is increasing too fast, will there be a correction? on: August 13, 2017, 02:34:56 AM
I think the money is coming from somewhere else, but have no idea where.

Maybe it's McAfee, trying to save his own dick.


Hahaha, nice one.

But still, his prediction would be $500k. And this is far from it. Not even 1% yet.

So imo it's definitely not from McAfee, or at least from him alone.

I wouldn't be getting in bitcoin at the moment. It's just too crazy to be sustainable and we'll probably see some sort of correction very soon. Personally, i'd hold whatever i've got right now but not buy in any further.
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