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I don't think we're going below $400 again.. (*not counting btc-e flash crashes)
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Another thing from Jed McCaleb? Isn't that just wonderful..
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Which wallet is the best and why?
Blockchain for hot wallet and paper wallet (backed up multiple places) for savings |
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This may come off as a noob question, but wouldn't there be a way to set up Bitcoin payments for brick-and-mortar retailers without requiring something like Bitpay?
And good point about suppliers. I might float the idea of accepting Bitcoin with a couple of wholesale companies I know about.
Blockchain.com |
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The more you wait for confirmations the more is secure the transaction, it's your choice how long you want to wait.
if you go to coffee shop, the longer you wait, the colder you coffee becomes. I don't know how things work in your country but where I leave, we sit down, make an order, we get our order and spend let's say an hour there and then ask for the bill. If you ask for the bill earlier then you are all good  EDIT: if you want faster transactions then you have to trust a third party service. Sorry, that's how it goes when it comes to BTC Bitcoin processors accept payment at 0 confirmations, you should not wait more than a few seconds.. |
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I'm not liquidating my retirement fund in favor of bit coin just yet, but as my purchasing power shrinks over time it might be something worth thinking about. It is just too new to put all of my eggs into one basket just yet.
If your purchasing power is shrinking you're doing it wrong. It has been the best stock market in the last 5 years and almost a challenge to not compound faster than inflation.. |
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You don't wait for actual confirmations when you are paying for a subway or a starbucks coffee you stupid idiot.
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It sounds like you got burned. Don't bother with pseudo-exchanges, use Kraken next time and you'll be fine.
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It's no secret most exchanges were under Ddos attacks in February.. (Gox, Stamp & Btc-e)
I doubt it had any effect on any of them, Mark Karpeles likely lost Gox's funds a long time ago..
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There is an implicit guarantee that the coins to be sold are legal and without any sort of taint, at least in the eyes of the Feds.
Hmm.. |
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It's so complex, it has to happen
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What were they thinking? These people have a reputation, no one is going to take them for real making these claims. What's going to happen when nothing happens?
You make a statement based on your own assumption and therefore your post is flawed. I can post this chart as a counter argument and claim my assumption is superior to yours cause I attached graphics.  |
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Would you rather buy 1g of gold for $43 or 1oz for 1250?
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I think we've missed the point here. By showing me that you have access to every users funds, you show me that at any point you can disappear with those funds.
That's just stupid, to insinuate Kraken would run away with user deposits, it's funded by Roger Ver for christ sake... |
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I think Japan will be the country to pop this time..
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You gotta have a trollbox!
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I still baffles my mind how people in their right mind would dare to store that much on an exchange..
The first thing I learned in bitcoin after 30 minutes of researching was to store your own coins offline.
To store them online just wasn't enough, I mean if you just insisted to store your coins online, you could choose bitstamp/blockchain, even btc-e.. But an exchange with $5m seized by DHS, $50m class action lawsuit AND 22 months withdrawal time..
How is that not screaming red flags?
People are stupid.
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Karpeles sure loves PHP, a shame it's now how to build an exchange..
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its interesting but necessary to pay taxes. I agree but it should be less.
VAT is necessary on bitcoin?!?!? get outta here |
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