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A bitcoin collapse wouldn't be very spectacular in my opinion.
I see it like the universe, we are a small star, we would just implode in on ourselves, only really effecting those involved. When the big star USD comes down, it's going to be like a Supernova blowing up and taking down everything around it, even those with little to do with it.
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File it through Kraken.com, I don't think they need your MtGox password?
They do need your Gox password, they make you re-set it at the start of making your claim. 2FA is turned off (luckily for me as I lost my phone!) but passwords are still on. Do you not have a list of possibilities that you can try? Chances are that you will need it at some point, and I can't imagine that their customer services helpdesk are still employed! |
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It's all good and well being recognized by countries that are far away and have no intent to do anything to help them! Palestine doesn't really exist at the moment, they are being crushed by Israel and will continue to be so until America decides that it has to stop them. I am not suggesting that there will be any miliray action, but serious political pressure has to be put on Israel. They seem content to do what they want now knowing that no one will do anything about it. They flaunt international law constantly! Where are the repercussions? |
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How can Apple pay really ever be globally accepted? I could possibly imagine that it would be adopted as a 'one of many' digital payment system, a bit like we all accept Visa or Mastercard now.
But I don't have an iPhone, I don't want to have an iPhone so I will not be able to use Apple Pay. It seems to basically be a contactless payment system, which have already be adopted into cards, so why do I need a massive expensive phone to do the same thing?
Bitcoin is completely different to Apple Pay. It isn't a way to pay in USD, it is a new monetary system. It is the next step, we went from Metals, to Metal backed currency, to unbacked currency and we will then go to protocol back cryptocurrency. Don't mix the 2 things up because they can both work on your phone.
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Don't banks fill an important role by allowing people to take out loans and so increasing people's capacity to invest in their businesses, buy houses, etc? How will Bitcoin replace that role if there's no third-party to store people's money, deal out loans and charge and distribute interest?
I'm sure this has already been covered somewhere but I haven't come across the answer yet.
I'm not sure that lots of the answers here address the question. If you are asking, how can a bank worth without fractional reserve banking, I would say that is can't really, or at least it would be very different. A bank has no incentive to lend 500BTC to someone to buy a house, when they will only receive 500BTC back. Given that sometime inflation of the BTC supply will be zero, they could not charge interest as the money simply wouldn't exist if this was repeated around the world. As fiat money at the moment is debt, it works with the fractional reserve system, if the whole world used Bitcoin, it wouldn't. Islamic banks as far as I understand would work with Bitcoin, maybe that would be the future.. |
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what i mean that bitcoiners keep 50000$(exmple)"Fortun" in PC with 500$ is it logic ?
in my point of view they have to be affraid about their safety,i don't know but i think its a problem,Almost our transactions are not anonym so anyone
could know how much we have in our wallet,so we will be all "targets" (we have to paid bodey gard for our PC)
If you never tell anyone about your wallet address than you dont have to worry about this. There is alot of random wallet in blockchain that receives like hundreds of bitcoin transaction everyday. Unless you tell someone about your wallet then you wont be a target, people will just think of you as a random guy. You can always put your bitcoin in a cold wallet for more safety or paper wallet Even if you do tell people, you should have adequate security measures in place to make sure that no one can access your wallet. That is the beauty of bitcoin, even if someone takes your computer, you should have the wallet encrypted and your computer locked, so no one can do anything with it anyway. I have heard stories of people buying prescious metals and the delivery people coming back later and stealing them, luckily Bitcoin isn't vulnerable to that sort of thing. I also don't think that the storage device for any investment needs to be valuable. Diamonds could be stored in a $2 box, it doesn't matter. |
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The head of U.S. Cyber Command said Monday that the ability of ISIS to recruit adherents online is "a trend that is clearly increasing, not decreasing" and that the terror group's ideology is "increasingly resonating" with Americans. Adm. Mike Rogers, director of the National Security Agency, also said that the terror group's recent efforts to use cyber capabilities as a weapons system rather than only for recruiting and spreading ideology is a "great concern" to the NSA. more horseshit... http://edition.cnn.com/2015/05/11/politics/nsa-cyber-terror-isis-recruitment/index.htmlMy bs meter is pegging. Pure propaganda to build a justification for doing anything in the name of defeating 'ISIS'. As per usual, there's likely some down and out nobodies that are feelin the isis bunk and those are the ones that the NSA should be focusing all attention on and nothing more. I am not the biggest fan of America's politics, but come on, what the hell are ISIS's views that are resonating? Killing the infidel? Beheading innocent people on TV? Generally killing innocent inhabitant of towns and cities that happen to be nearby? I don't beleive for a split second that the views held by ISIS resonate with any fair minded people. I don't understand ISIS's gameplan, they seem to want to draw America into a conflict that ISIS will obviously lose.. but why? |
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property, not money, as defined by the IRS. For federal tax purposes, Bitcoin transactions are taxed like property transactions. If Bitcoin processors are regulated as money transmitters through this act, then gold dealers and stockbrokers should be as well. Now that argument doesn't make sense to me. People are using Bitcoin for payments while payments with gold or stocks are virtually non-existent. But if Bitcoin is to be treated like Gold or Stocks, then the rules regarding the trade of Bitcoins has to be the same as those regarding Gold and Stocks! Otherwise it makes a mockery of the regaulations to say that on the one hand it isn't money, but if you try to trade it is money! I would just treat Bitcoin like a commodity if I were a government. Make it the same as Gold, then all of the regulatory measures are already in place. |
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I think you're describing the "official" reason for the taxes, as a means to curb fossil fuel usage. This makes sense, but I was more interested in the "ulterior motive" that many climate change skeptics believe the governments have for these taxes.
Care to share what that ulterior motive may be? An inhabitable world in the future? Energy independence? Near free energy in the future after the infrastructure is in place? They all seem like decent motives for trying to stop climate change. There are taxes on Cigarettes and Alcohol too, that is to discourage their use. The same can be true of dirty energy like Oil and Coal. |
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That wiki leaks guy refuses to go to Switzerland because the US government might have him extradited to the USA from there. If the US wants to prosecute Xapo it could extradite the owners from Switzerland and probably shut down the operation through some legal means. Xapo should choose a country where there is no chance of extradition to the USA.
What wiki leaks guy? I haven't heard of this before. What happened exactly? Got a link to that? WikiLeaks achieved particular prominence in 2010 when it published U.S. military and diplomatic documents leaked by Chelsea Manning. Assange has been under investigation in the United States since that time. In the same year, the Swedish Director of Public Prosecution opened an investigation into sexual offences that Assange is alleged to have committed.[1] In 2012, facing extradition to Sweden, he sought refuge at the Embassy of Ecuador in London and was granted political asylum by Ecuador. http://en.wikipedia.org/wiki/Julian_AssangeAssange says if he gets extraditied from the UK to Sweden, then the US might extradite him from Sweden to the US. I got Switzerland and Sweden muddled up earlier, but I guess if you can get extradited from Sweden to the US, then you can also get extradited from Switzerland to the US. Hmm, I wouldn't be very sure about that. Aren't Swiss bank accounts a tax evaders and basically every criminals haven? They might have been, but the US has put a lot of pressure on the banks to open their books to the US tax authorities recently and have been sucessful as far as I can see. America does seem intent on trying to clamp down on as many things as possible. As the land of the free, I don't know why that is the case. They are usually innovators too, so should be pioneering in Bitcoin, instead of driving it offshore.. |
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In my country, I only get taxed on something where I have received financial gain. Let's say, I work online and I get paid, I have to declare that income and I get taxed on it... and when I buy something and I sell it for a profit, I pay capital gains tax on it, for the profit portion on it. Now let's take Satoshi's 1 000 000 coins as a example. {He/she has not received ANY financial gain from it, but he/she has 1 000 000 coins with a crazy value} If he/she lost the private key, or if he/she simply never sell them, could he/she be liable for the financial value of those coins regarding the tax? {That is to say, if he/she come forward} Let's say, he/she spends only 1000 coins, would he/she be taxed on the profit part of those 1000 coins only? We pay monthly municiple property tax, based on the size and value of the plot and house we own... could the IRS not make the same ruling for Bitcoin owners? Let's see what you think...  I am pretty sure that only realised profits are taxable. In Germany if you hold bitcoins for more than one year, then you can sell them at a profit without having to pay any tax, which is pretty good if you ask me. If the rules are different elsewhere I would recommend looking at strategies to ustilize your tax free allowance as much as possible. |
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So the question is: How much money do you have?
I'd rather not answer that on an internet forum strangely enough.
If you are waiting until the price rises to buy in, I would suggest that you are waiting too long. Buy when the price is lower than it should be and sell when it is higher.
I already have my bitcoin and am happy with the price I got them at. There is no guarantee that the price will ever explode again, so waiting until it does might be a long wait!
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Looking For Web Wallet with no Transaction Fee, anyone?
I'm using blockinfo but the fee is too high. A while ago just deposited in an investment site for 0.0005, when i see my 'tx' the fee is 0.0007.
If you think the .0001 BTC transaction fee is to high maybe you shouldn't use bitcoin. It costs money to send money, and that is what BTC is. Money. You probably payed a .0002 transaction fee because you had to many inputs for a standard fee. Also good luck on your "investment" site.. It's probably a ponzi and you're likely to lose your money. At leats if he is only investing 2c then he won't be too badly stung when the 'investment' goes wrong. Circle does offer 'free' transaction fees, but that is more than off by other fees. Either try your luck with no fee, and wait a long time. Or just send a real amount of money! Does anyone really care about sending or receiving 2 cents?! |
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If the Bank of England is supposed to have inflation at 2%, but for years it was more than 2%, why is it unacceptable that it is now below 2%?
Could they not have a rolling average figure, maybe for the last 10 years. I would guess that we well above 2% if you look at almost any average figure.
I also agree than inflation and deflation have generally been imported to the UK. The BoE should just sit back at the moment and ride the waves. The economy is going better than most.
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But bitcoin has inflation regardless whether fiat pours into it or not.
There cannot be a mining boom, true, so if the price rises then the number of bitcoin being made will not increase, I agree that that is a good thing.
But even when the price goes down, like now with Bitcoin and Oil etc, other commodities can reduce the amount being mined to compensate, Bitcoin cannot.
So what I am saying is, in a rising market it is a good thing, but in a falling market it is a bad thing. Unfortunately we are in the latter. Block halving will be good though, unless you are a miner!
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stock markets are at all time highs, or very near to them. They have risen over 100% since the last recession, even though most economies aren't doing well.
It's been about 5 years of near uninterupted gains, yet interest rates remain at or near zero and actual employment numbers are poor.
We are due a correction, the markets are being propped up. I fear that the correction will just be about 10%, then it will continue onwards and upwards. At some point we will all pay for this cheating of the economy, but it might be a while yet. Only when confidence in the system is lost will everything come down, that's when it will be time to go for Bitcoin!
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I would take that to mean that they know everyone expects that they are spying, so they have decided to stop the current methods of spying and plan to start a new method! Dragnet should be at an end, but even in the unlikely situation that they actually temporarily stop spying, it won't last long until they find reasons why they desparately need to spy again. |
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It does sound like a mine field to me. On the one hand, they need to put ASICs in everyday electronics, do I then get the electronic cheaper as they will profit from my mining, or does it cost more, because of the chip inside? If it's cheaper, can I just remove the ASIC and have a cheap electronic?
Is it going to work through mobile internet or WLAN? Do you trust foreign objects using your WLAN that you can't control?
Will 21 inc only sell to places that have cheap electricity, or are they happy to mine at a loss as long as I am paying for the electricity?
Do I need to sign a contract with them for a toaster/microwave/kettle? Will it only mine when in active use, or whenever it is plugged in?
Lots of questions, they could all have elegant answers, but I will be surprised if it works well!
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Well looks like the conservatives have won and labour in second, its very predictable, only 2 actual large groups that have the chance to be in first place or second. I of course am hoping that UKIP would have made the 1st or second place, but I think it will be a while before that.
UKIP has had it's time now, I said it just after the European elections, and I will say it again now, when it comes down to it, people to not want UKIP to govern them. I'm sure lots of people have legitimate concerns regarding immigration, but that doesn't mean that the UK needs politicians in government who have very little experience and an incomplete manifesto. Let's say they did win and we left the EU... what is their next plan? The SNPs have a complete idea for what they want for Scotland, UKIP don't for the UK. With regards to UKIP and SNP having the same number of votes, it's easy to vote for someone you know won't get in. In the marginals UKIP lost. I expect that if there was a true PR in the UK, UKIP would have got a much lower share of the vote. |
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My Amex card expired last year, they may have sent a new card but I don't live there anymore. I'll get around to officially turning that one off, I've had an Amex since '97. I called a few months and cut off my Mastercard and verified that my Bank of America card was turned off.
That left me with my bank's debit card. That expired at the end of April.
I still have my bank account, I have a rental with direct deposit into my bank account and I turn around and pay my mortgage from there so I haven't taken that final step to close that account. Plus I figured I can just use my bank account to buy/sell bitcoins until they shut down my account like they do with so many people.
I do have a deutsche bank account card that I use to deposit cash into my account. I tend to get more through localbitcoins than I spend so I just convert the extra cash back to bitcoins so I don't have to turn people away who want to buy bitcoins with cash.
Are you going to try to live off Bitcoin, or is it poor organization from you that has let you have no cards anymore?! I don't see cards as the problem, I mean there are bitcoin debit/credit cards, I see the fiat system as the problem. If you have a fiat bank account (pretty much a necessity) then you are still in the system. If they do shut your account because of your bitcoin trading, what will you do then? Can you get paid in cash or bitcoin? If not then you are going to have some major difficulties! I'm currently paid 100% in Bitcoin through bitwage.co. I pay for as much as I can using bitcoins. I actively sell bitcoins on localbitcoins so I usually have plenty of cash for buying food and paying rent. If they shut down my bank account I can probably have my tenants direct deposit directly to my bitwage bitcoin address and I am looking at billpayforcoins.com to see if they can handle my mortgage payment. My goal this year is definitely to go into 2016 with no bank account. I have confidence in the Bitcoin community filling the final pieces necessary to do that. That sounds really cool to be honest! It isn't something that I would do, but you are really pioneering in the field. I mean, most people who do what you are doing are making documentaries about it, but you are just living it! Let me know if I can help you out somehow, and good luck with it, I hope you and bitcoin are sucessful. |
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