We are finalizing the next firmware version, feedback welcome! Feel free to send it here support@opendime.comUpdating firmware is a problem for me. Often I have bad results no matter what the device is. Simplicity.............. "K.I.S.S." is a good saying for a reason. And please let us know when you will take Bitcoin as payment. Last I looked, it was not an option. Thanks, and the best of luck with your product. Done correctly, you will fill a wonderful niche. |
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Keep this thread going, RealBitcoin, it is very useful to those of us who do not have time to dig around in the further reaches of Bitcoinistan. I like your reviews and comments, as they help us to see the relevance of the various projects to each.
I hope to see a review or two re Bitsquare. I quite agree, a decentralized exchange might be a great thing.
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I noticed that on Monday as well when I wanted to mix some coins via SharedCoin. I don't have any idea why it is disabled.
I do know that the service was not quite as good as bitmixer.io (I had two problems with SharedCoin both got straightened out, but still hassles I did not need).
bitmixer.io runs a great service, but follow instructions, take your time and go slowly until you know how it works.
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I looked into buying a some of these here in the U.S. and found a problem I could not get around. The problem of becoming a money transmitter. The bank laws were sewn up long ago to keep the "little man" out of the banking profits. They did this by requiring a special license for each state and those can cost as much as $25 million USD  ! Even if I bought a lot of them I would likely never be profitable. That's my understanding as well. Here in my (US) state, a license is needed to "transmit money". And it is hard to get, and (probably) with lots of onerous rules (including knowing who is buying BTC). The few machines in my city run from 9% - 14% premiums vs. "spot" BTC price. I would guess that those high premiums reflect all the hoops the owners have to jump through as well as the costs of maintaining the machines and paying rent. |
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Denker, alani123, yayayo,
Yeah, it certainly seems that the leakers were selective in whom they chose to expose.
Yeah, political would be my guess as well.
But would sending all that to wikileaks have been any less political?
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The kids in the west have already been groomed to accept these invasive policies by the new religion of environmentalism.
trollerc I am afraid that you are correct.  There is so much BS in environmentalism (and other New-Age-Lefty crap) that it is hard to even find, much less pass along, the truth. Where I am it is normally quite hot in early May. Not this year! It's much cooler than normal. Why? After-effects of El Niño... Has Oz gotten the Transgender Bathroom Epidemic yet? A new low... |
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... One way that some have used to escape Economic Totalitarianism (but, really, more to escape TAXES) has been to use offshore entities in "user friendly" countries. Panama has been a favorite for decades. Well, the journalists who broke the "Panama Papers" story have released their online-searchable database. See if any of your friends are there! More info on thread I just started: https://bitcointalk.org/index.php?topic=1466739.0 |
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Gold is boring. Sure you can always have a peace of mind knowing that gold's network effect is simply too strong to ever disappear, but if you want to get rich in your lifetime you will never make it with gold. You have a million more chances making it big by holding Bitcoin, so I recommend that if you want big changes, you gotta go for Bitcoin and forget about gold Everything turns quite interesting if you look at gold derivatives like futures and options deisik and thejaytiesto Well, yes, physical gold tends to move in a less volatile manner than BTC (ex. today, gold down over 2%). Gold may turn out to be interesting in the future however. If an aversion to currency develops (for various reasons), then gold could move sharply up. Yes, with futures and options you get even more "juice" (leverage). Bitcoin has been rather well over the past week. I HODL both, a diversification that I am very happy with. As I mention often, there is no need to choose, own both! BTC and Au move somewhat independently, and so both assets are good (and independent of stocks and bonds). |
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... I just read an interesting piece at Zero Hedge er an upcoming "Short Squeeze" on Bitcoin: http://www.zerohedge.com/news/2016-05-08/mother-all-short-squeezes-looms-bitcoinKrieger asserts that miners & exchanges have sold BTC short, and that the Halving is going to force them to buy (and soon) to cover their bets, according to him it would be better to cover NOW than later on when there are fewer BTC coming out of each block... |
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I am interested, but would very much welcome reviews (especially re moving the BTC out of the unit when once broken open). nvK:The information at opendime.com is not very clear (to a relative newbie like me) as to how move the BTC! Yes, I read about the private keys (etc.), but maybe you could write here (or at your website) more information on exactly how that is done (ie "for dummies"). You might get more sales...  |
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Coming soon to a socialist paradise near you. Family Planning Police Screen Women Four Times a Year for Pregnancy http://www.breitbart.com/national-security/2016/05/07/chinas-family-planning-police-screen-women-four-times-year-pregnancy/According to a recent report from the BBC, all Chinese women of childbearing age have mandatory check-ups four times a year to ensure they are healthy and not pregnant without permission. A couple needs official approval before starting a family and must ask permission before trying to conceive. Population officers keep strict tabs on each woman’s medical history, listing the children she has, the contraception she uses, and any terminated pregnancies.
The Communist Party employs an estimated one million people in its army of family planning officials, who patrol the land, enforcing China’s strict population-control policies. When you make redistribution a natural right and pay for such redistribution with an unsustainable economic system you eventually reach the point where promised handouts cannot be paid. At that point the path if least resistance is population controls and reproductive restrictions. It is likely a matter of when not if such measures are introduced in the west. Hmm! And I have read other pieces that China was slacking off its hard-line policy of one child. Their one child policy has led to a weird demographic problem there: estimates of 30,000,000 - 100,000,000 more males (than women) in the cohort of child-bearing years there in China. Good find. Socialism leads to so many other distortions too, and the end point is totalitarianism. |
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VytautasK
I am in the USA. I would be interested in a BTC debit card, a physical one. Can SpectroCoin help me?
* * *
As time goes by, you might be able to increase your business nicely if you start a service to let Americans buy BTC with (other) debit cards.
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Why ? Because wealthy people will seek safe heavens more than ever and Bitcoin welcomes them as a reliable choice.
What do you think ?
Yes, long term it is bullish but how long that long term is depends on the development pace of tools to make handling (storage/transacting) bitcoins privately and securely convenient. The technically-competent wealthy are probably mostly already exposed to bitcoin but there is definitely still a lot of 'dumb' money who feel quite uncomfortable at the thought of having the power to be their own bank with a digital currency (yet will happily hand over millions to Panamanian lawyers because of a recommendation from a wealthy friend "'cause there are hundreds who are already doing it"). Bitcoin management tools need to reach that tipping point in the convenience stakes whereby a herd of wealthy people will happily take control of their own wealth and exit the fiat system "'cause there are hundreds who are already doing it". When that happens wealthy people will most definitely seek safe haven in bitcoin, in my opinion private wealth management represents the premiere use case in the long term. In the short to medium term, cross border transactions, niche internet commerce innovations, currency trading speculative activity and other weird/wonderful things you can only do with a digital money data type will drive interest. I do not have a good feel for how the wealthy (as a whole) feel about Bitcoin. I am the only one among those I know who is into BTC (and some of the people I know are rich). Also, BTC has a low market cap. I only have a small holding of BTC vs my net assets, I hold more gold than BTC. "Should Bitcoin get traction,..." <--- So many think this way... Yet BTC price would explode should more rich guys start buying BTC. |
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There are two techniques that you can use to fortify your blockchain.info wallet:
1) As mentioned above, use 2FA. blockchain even has their own "little" 2FA, a second password when sending money or creating a new address.
2) I LIKE the alias, but pick one that is "hard", not a BTC-related alias, or other common word. Try an obscure foreign word (etc.)! Or misspell...
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Venezuela is in deep doo-doo now. I have read a couple of stories that they cannot even afford to buy the paper to print their money (and that they are past-due on paying their bills to foreign bank note printers).
Venezuela is the classic modern example of a blow-hard Socialist strong-man government that we had hoped was all gone, all in the past. Nope! The people VOTED for Chavez and Maduro (as the Germans did for Hitler). This is distressing, as it looks like we will never learn, that a majority of people will vote for strong man who promises Free Stuff.
The FSA will have to learn the hard way. In Venezuela, and later to even the USA. Americans voted for "Hope & Change" after all.
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BobK71
I bought Mervyn King's book but have not started it yet. It looks kind-of daunting, not the usual "Lite Fare" I like reading at night (I work during the day). As King was a true insider, I hope to get some further understanding of how these guys think.
Yes, income is hard to get now. Financial Repression is going full bore now. This whole ZIRP/NIRP new paradigm *seems* to be built on central bank fantasy... It is very alien & strange, and I see NO good result in the end. Financial Repression is going to have ugly effects on all savers, especially those not saving enough.
Nice to see a member of The Elite admitting gold as a store of value.
Great thread!
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