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LN isn't a bank per se, thus won't be eligible for a license... Wouldn't laws regarding banks have to change in order to be able to give licenses to dedicated LN hubs? From the government point of view, a LN hub wouldn't operate with money, so it wouldn't be possible to give a license, or am I wrong?
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No centralization is good or "the best kind". BU's increased amount of data on the blockchain means that running full nodes would become impractical for ordinary users as the amount of Bitcoin transactions would increase much faster than how much data Bitcoin users are willing to download to run a full node.
The blockchain isn't going to skyrocket in size or have way more transactions overnight. |
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Something is fishy out here and doesn't feel right at all. From what I interpret it is Russian government will at one hand allow you to use crypto currencies but only the one through the government exchange, basically controlling prices and charging taxes. Those who comply won't be investigated, but those found doing otherwise will be investigated and harassed. Basically they are applying Carrot and stick approach, luring people with Bitcoins and hitting them with taxes. Not a good news for Russian people who use Bitcoins.
I wouldn't be surprised if this was their MO. It would be devastating for cryptocurrencies there and would probably make way for other countries to adopt such measures. There goes "regulations are good for Bitcoin's future"  Everyone has to pay taxes, and Russians are no exemption. States that fail to collect adequate taxes tend to collapse.
Correct, but would you like to pay taxes for everything and anything? By the looks of it, as countries collect further debt due to the crippled fiat system and the people who run it, it only seems that someday even breathing and dreaming will be taxed Would you like if everything you do Bitcoin related was heavily taxed (or taxed at all)? I'd very much prefer heavier taxing on government services, or restaurants, for example (and that has enough taxes on many countries already). (Meanwhile governments keep using tax money to invest in their pocket's growth or in new cars to transport themselves... But those are issues for other sections of the forum) This is much more satisfying news.
We'll see. Here's to hoping that they don't try to subvert what Bitcoin stands for. |
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I created an account at BTC-e last year, around November or December. Few hours later the account was compromised. The email I used in not used in another place related to crypto and the password was 20 characters, mixing numbers, symbols, ect wich I don't think it is a "weak" password. So it was the first time and will be the last time I use BTC-e
Now that's strange, did you check for keyloggers or such back then? |
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I dont think that the wallets have been compromised but I think if there was a leak it was the records of BTC-e users. I am referring to the email-address of the users, these details may have been compromised and the hackers are using those details to send false information to the BTC-e users to click a Phishing link so they can access your account and can take over your wallet. This is not only happening to BTC-e but to other sites as well and the only thing that we must do is to be very careful in clicking links in our emails.
Yes, I've made very clear in my post that we have no indication thus far that wallets have been compromised. I wasn't looking to cause extreme alarmism with my post. Just a friendly reminder to a constantly growing community. Care is indeed always required when handling emails from exchanges, or that seem to be from exchanges. Don't people read Emails to the end anymore?!  this is not a new thing and will not be the last one and also it has never been only on btc-e! when people use their Email addresses everywhere, they get leaked online and circle around. specially when you use the same Email in multiple related places like a couple of bitcoin exchanges, a newsletter, a faucet!,... and the Email that everyone always freaks out about is clearly saying "a failed attempt...." and i know that twitter you liked is saying a "unique email" but that still doesn't prove a "database hack" in my opinion. and finally you shouldn't be keeping anything on an exchange in first place! Once again, I've made very clear in my post that the exchange might have had their account database leaked. However we have no reason to believe the people in the links shared are lying. To sum up, a "TLDR": BTC-e might have been compromised, so far nothing tells us that their wallets have been compromised, use caution when clicking links on emails, don't keep your funds on exchanges. |
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Friendly reminder to withdraw your funds from exchanges. BTC-e might have their account database compromised. However, nothing indicates that their wallets have been compromised. See here and here |
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This raises two important questions: Why has the government made this U-turn I can only read this from one perspective, after being hostile and now wanting to "regulate"/embrace cryptocurrencies, Russia has found a way to profit severely with this at the expense of user privacy and ease of use, and will probably impose heavy taxation to anything cryptocurrency related. They can't reverse their stance out of the blue in a few months time, that's basically impossible. That's why I say on every post of mine here regarding these issues... Careful what you wish for, most people see regulation as something positive, but regulations may cripple Bitcoin adoption severely depending on what's decided. |
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Calm down and relax as this is just a FUD news  .For that to happen there must be a hard fork and that never happened and it will not happen just like that,it is just an assumption that the price would be so and so and bitfinex cannot sell something that is not in existence . This is not FUD. These tokens were being traded on Bitfinex. Seems like they're still being traded and will be until December 31st. There is nothing to back them except for Bitfinex which is probably running on fractional reserve to be honest(most exchanges are).
I wonder why... Maybe that's exactly why these tokens exist. If the fork does not happend, those who have BCU, these BCU could not become BTC?
Supose you buy 10 BCU, after december 31st, if the fork doesn't happend, these 10 BCU may become 10 BTC?
Certainly do? Maybe? Certainly don't?
They don't become anything and they're nothing to begin with. |
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I think you're safe from 0.91 onwards, for now: 1.) If I'm using v. 0.90 as my offline wallet and don't want to upgrade, do I need to use an older version of Armory for my online wallet?
0.91 at best. You should upgrade, at least to get the security and bug fixes. |
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Segwit activation will happen on LTC and then... nothing will happen.
At least regarding scaling nothing will happen indeed. It will only solve a problem that LTC doesn't even have... As for the rest I agree... It's a good testbed for Bitcoin. |
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Good that they read the BIP and reconsidered their opinions, more members of the Bitcoin community making informed decisions is always a good thing.
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i wonder what Thomas thinks of Bip100.
I actually wonder what he thinks about SegWit: “I don’t think [Bitcoin Unlimited] is a good idea,” Voegtlin said during the interview. “It’s really a big change;
Just look at the futures on bitfinex or whatever exchange did the BTC-C BTC-U tokens, BTC-U has been dumped already.
Which is expected of something that's based on thin air and doesn't have anything to do with Bitcoin or cryptocurrencies (and that probably had destabilization as one of its objectives). |
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Part of the answer is already on the article you link... The Treasury Department said that North Korea's financial institutions operate with little or no international supervision -- making it easier for them to shift money for illicit purposes. I don't think they'd like to use money for illicit purposes on a public ledger... Security researchers said last year they believed a series of efforts to steal money from banks on the network used tools similar to those previously deployed by a sophisticated hacking group that has been linked to North Korea. Good luck hacking Bitcoin  Thus why they don't want it, beyond the obvious reasons stated above: no control. An own currency would be unfeasible, because no internet, no phones, no nothing... |
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franky1 provides posts that seem to be long and considered. Whatever his opinion is in each of his posts he seems to provide arguments to backup what he believes in, so I don't think he's a shill. I think this falls on the case I explained in your other thread: people who strongly believe in something might be confused with shills and end up in these lists as a mistake.
Regarding the rest of the users I either didn't read enough posts from them to form an opinion or only have a personal opinion regarding them (because I either identify myself or not with their post content) so I'm not the best person to "judge" them.
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I like to believe that people have their own opinions and don't flame on purpose or that they aren't paid for doing so, however I cannot deny that it is probably quite trivial to create numerous accounts and/or have accounts being paid to distribute certain information and steer people in a particular way. It's probably a good practice to "name and shame" people that are highly likely to be or are obvious shills. The problem is that people who strongly believe something might end up being confused with shills, so this isn't an easy task. This thread and discussion is valuable, but unfortunately is on the wrong section, as this isn't really Bitcoin Discussion. Since this is a bit forum related, it would probably suit Meta. I wonder why franky has green trust with his obvious shilling for chinese monopolist. Who gave him trust may be it's time to reconsider this assessment. Some newbies may suffer great money loss after reading his posts and going into alts like BTU
"BTU" does not exist. Only extremists acknowledge its supposed existence and those are the ones that do confuse newbies. Those are exactly the shills targeted with this thread. The only way to counter a shill is to refute the arguments they present using reasoned debate.
This sums up things quite well. |
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Things have been pretty much like this for... What, 2 weeks almost? Not sure.
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People normally withdraw from exchanges and not swap them for fiat in order to keep their coins safe. Maybe this is what you meant.
Keeping your coins safe involves having your coins in a private key you control. There are many ways to achieve that, from simply having your coins in a client such as Bitcoin Core or a wallet app on your phone, to having a cold storage.
Good websites for exchanging will depend on the currency you want to exchange Bitcoins to.
As for web wallets, Blockchain doesn't require your ID.
So, BTC --> USD ---> Withdraw. But I ve read than some people use BTC to buy fiats, that way they don't keep BTC in their wallets but still have fiats which can trade later. Thank you for your answer. I want to exchange BTC to USD. What website do you recommend? No, USD --> BTC --> Withdraw. It's normally the opposite, you use fiat to buy BTC  You can use LocalBitcoins, Coinbase or Bitstamp, for example. |
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People normally withdraw from exchanges and not swap them for fiat in order to keep their coins safe. Maybe this is what you meant.
Keeping your coins safe involves having your coins in a private key you control. There are many ways to achieve that, from simply having your coins in a client such as Bitcoin Core or a wallet app on your phone, to having a cold storage.
Good websites for exchanging will depend on the currency you want to exchange Bitcoins to.
As for web wallets, Blockchain doesn't require your ID.
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We can take many things from this... 1. The most obvious, Bitfinex is lying or not telling the whole truth. 2. Banks/governments are doing something to prevent Bitcoin trading. 3. Something has been poorly explained in the past. Something I haven't understood in the midst of this is: did they manage to pay their whole debt? banks love money why would they do this?
Because they're blocking competition this way. The fees they get from serving Bitcoin-related websites is probably not enough for them against the threat of Bitcoin... why dont major exchanges open a small bank to operate their operations with no pain.
I'm not knowledgeable enough to give this is a reply but I assume it's not that easy as "let's just open a bank". |
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