|
Actually, volatility is lower now with how commissions are now calculated. With a lower max bet, the site would be less attractive to whales. Just how profits have been quite generous in the past, among other reasons due to whales leaving a lot of money behind, it also means that once in a while the pendulum can swing in the other direction. But as long as the site remains similarly popular it shouldn't be a problem, and the whale is still >600 BTC in the red. And he may well continue losing if he doesn't walk away.
|
|
|
|
Have you tried to contact Mike Tyson. Mike Tyson have a lot of atms placed in Las Vegas since 2017. Also if you want to purchase online try checking it out on alibaba since there are bitcoin atm machines being sold there.
I've seen them on alibaba as early as early 2014. Not sure if I'd want to buy them instead of something tried and tested where at least I wouldn't be worried as much about a backdoor or an exploit leading to the loss of funds. BTW, didn't know Mike Tyson was so much into Bitcoin. |
|
|
|
Bitcoin is not that good as fiat as it is digital and we all know it is not regulated by our government and the price is volatile. Imagine you will buy prepaid load worth $5 then after few seconds it becomes $7 so it is really hard for now to make it as currency, but just an alternative way to transfer funds, and can be one of our sources of income just like investing.
It's not that volatile, for payment processors volatility isn't that big of a problem as long as they don't wait for payments for too long. |
|
|
|
Welcome back!
Notes to self:
...Or to keep it simple, if you have people reporting your PMs, it means you're doing something wrong. |
|
|
|
The account below has Negative trust.
End the profile or Trust page URL with a ";dt" (without quotations marks), and you'll see scores/feedback from the perspective of someone who trusts ratings of DefaultTrust only at lvl 2 depth. e: typo |
|
|
|
I like Bitcoin but I passionately hate when people sell it as a fiat-replacer that is going to change the way the world economy works. First of all, inflation is good for economies. It provides an incentive for people to spend and for economies to grow.
I don't mind fiat. I don't mind Bitcoin either. Bitcoin on its own however is woefully insufficient to provide a means of exchange for a global economy.
*Inflation is good for debt-based economies. But yeah, no one initially said Bitcoin was to be the ultimate fiat-replacer - at least not seriously, these ideas came later. One of the appeals of Bitcoin is/was that it can't be artificially debased on demand by messing with the rate of supply. |
|
|
|
Then I guess you haven't paid in a foreign currency. The conversion rates are really bad. If you add paypal fees to it you're really getting much less than you should. If someone from the US sends you 1000 dollars and you have an EUR account you're gonna lose at least $50 on this. If you sent directly to your bank that would be more like $20 and if you used bitcoin it would be $2 + the exchange fees depending on the exchange of your choice.
For amounts under ~$3000 Transferwise is going to be cheaper thank directly bank-to-bank. Bitcoin is cheap assuming you won't lose out anything on volatility, and both sides need to have verified accounts on exchange sites. That's a significant barrier of entry, and the exchange can always come up with a BS reason to keep the funds hostage. |
|
|
|
You make 0.1 %, let's say, of 300million$ in fees daily yet at the end of the year your revenue is a hundred $? Hacks and 'hacks' are also something to consider. Why all big exchanges (on paper) flee the country immediately as the authorities start to investigate? They have nothing to gain by staying, and nothing to lose by resuming their business in a friendlier jurisdiction. |
|
|
|
Został tam jeszcze ktoś od płatności? PayU, Kiva, Coinbase, Vodafone (naciągając) oraz non-profit Women's World Banking. Reszta trzęsie portkami na nieprzychylne opinie polityków USA. |
|
|
|
Does it really matter about the standing of said countries when it comes to the economic state? There were lots of some good hackers in different nationalities globally.
So, it isnt really that precise to point out that these fellas live out on poor countries but out of desparation on making money then we can really presume out. Yes, but poorer countries have more desperate people, and desperation brings out the worst in some people. It's also likely that it's easier to launder stolen money in poorer countries with weaker policing. |
|
|
|
bitcoins limitation is not popularity, its not lack of access to get coins. its actually the limitation of number of transactions a day Looking at transaction fees, limited transaction throughput is rarely a problem. Access to bitcoins due to restrictions on fiat on-ramps is a very real problem 24/7/365 regardless of market conditions or hype. |
|
|
|
I guess we are seeing a good evolution here. People behind this thing are possessing higher than normal intelligence and they can even be genius in some aspect...sadly they are using their skills and talents contributing evils to our society. Right now, these people see a bigger opportunity with the use of cryptocurrency. I feel lucky to never been another victim of these guys. Some of them are from undeveloped or developing countries with few opportunities, but even by developed country standards unfortunately it seems there's a lot of money in this 'business' to be made. It will last and remain profitable as long as there are enough people and companies with poor backup and security practices. |
|
|
|
Another kind of ransomware. These low life criminals are getting more and more crafty. These kind of ransomware have been extorting people since 2017. And yet, no one get caught from this crime. This is absolutely devastating to small scale businesses who are the victims of this virus. Also give negative mark on Bitcoin reputation.
Ransomware asking for bitcoins are older than that, e.g. Cryptolocker was popular in 2013. Before that, ransomware asking for ukash/moneypak/etc. codes have been around for years. |
|
|
|
bitcointalk had its highest amount of viewers at around 7000 in april 2013
cryptotalk had its highest amount of viewers at 1545 just 5 hours ago.
The highest that archive.org recorded bitcointalk showing was on 2017/11/24, 12647 online users: https://web.archive.org/web/20171124145213/https://bitcointalk.org/index.php?action=statsIt was close to the peak of BTC price and at the height of the altcoin craze, spam was also a bigger problem than now in the pre-merit system times. |
|
|
|
PayPal is a payment system while Bitcoin is a currency. You might ask could Bitpay overtake PayPal.
Bitcoin is both a (crypto)currency, and a payment system/network. It isn't overtaking Paypal in real world use anytime soon. |
|
|
|
The conference organizers are biased af. Craig was the only one with a wired mic. The rest of the panel had to share a hand held mic.
One has to be biased af (or bribed) if one thinks inviting CSW and giving him a platform to lie is worth their time. |
|
|
|
The travel rule isn't even legally set in stone and people are already scurrying with excitement about potential collaborationism. Once a VASP implements Travel Rule compliant data exchange and storage the VASP has massive amounts more personal data to protect from data breaches. Today, VASPs only store the personal data of their customers, and only in one location. That data can be stored offline and encrypted in extreme cases. However, with travel rule data requirements, every VASP will have originator and beneficiary data for every transaction. This means that VASPs will find themselves storing the personal information not only of their customers but also of everyone who ever sends them funds. What can go wrong /s |
|
|
|
Therefore, in such a doomsday situation you have to come up with a situation in which you can trade with people in order to survive. There are two solutions I can come up with, either using precious metals such as Gold & Silver or using Cryptocurrency. Considering that fiat currency is useless, Cryptocurrency might raise in value so that it can be useful as a means of trade as long as the Internet still exists which will most likely be the case. If it gets this bad, neither silver, nor gold, nor any cryptocurrency is going to retain their value. Food, medicine, tools, weapons, fuel, clothes and textiles, vehicles and automotive parts are all going to be more valuable due to their utility. Ubiquitous access to Internet would also become a thing of the past. |
|
|
|
We are all generally greedy and speculative...something that no technology has no cure at all. However, I am still hoping that one day bitcoin will have less volatility and by then can fully play its role as a real currency and hopefully can overtake PayPal...but for now let's just enjoy the roller-coaster ride anyway there is no deadline so why worry or complain.
It's not even about volatility or ease of use, the main barriers of entry are on/off ramps for fiat, mining is off-limits to average people because of how competitive the space has become, so the only way for them to acquire bitcoins is by bank transfers or debit/credit card payments. Since banks and other legacy financial companies for various both legal and political reasons aren't fans of cryptocurrencies, they make it difficult to buy and sell bitcoins for fiat money. The alternative is transacting in-person by most people don't want to do that - and the biggest player (LBC) has made it more difficult recently. |
|
|
|
|
Show Posts
