There's no way of knowing but they have a major incentive not to. I assume logs are held for long enough to complete an exchange and then it's goodnight.
That's my guess as well. It probably took bitmixer a long time to become trusted by its customers, and I have heard very few reputable sounding complaints re their service. Like others above have pointed out, there is no way to tell for sure. But, they do indeed have a major incentive to keep their info quiet (or to make it disappear).If a mixing service is located overseas (their owners or managers), then they are probably fairly safe from US authorities. In the case of bitmixer, their pretty high volume would seem ti indicate that they are making money, and so have extra incentive to be trustworthy. I suspect we will all be watching the Apple/FBI case to see what happens re encryption (and by extension to BTC mixing). |
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... Craig runs the somewhat famous tfmetalsreport.com, and today released his latest chart re a dangerous cross re the S&P 500. His thesis is that when the 6-month moving average has a bearish (ie, S&P movong down as well) cross of the 24-month moving average, then the door is slamming shut (bear market beginning) -- meaning an indicator of a large decline in stocks is upon us. Here is his chart from Dec 2015 when he wrote of his idea:  Well, today he updated his chart, focusing on the last five weeks or so, note a cross...: Note he switches (reason unknown to me) the green and red colored M.A. curves (from the Dec chart to today's chart), but I think you all will see what he is trying to communicate... I do NOT do technical analysis (or have much faith in it), but there are plenty of "market pros" who do. Smart investors look at lots of different kinds of information. |
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China is pretending to stop capital flight. But only of non-members of the red barons families who work for jpm & goldmanS anyways. The target there are the ones that actually create wealth: the productive middle class. They should not afford to hedge their capital abroad - they are only allowed to flush their yuans down domestic realestate & stockmarket toilets and watch the bubbles pop.
That's a very interesting observation, sulfurtank. The top leadership is extremely corrupt, and most of them are likely quietly buying assets outside of China (like condos in Vancouver). This would likely be related to many South Americans buying S. Florida condos: have a SAFE place to move to when trouble arrives... And, yeah, I would *guess* that ONLY well-connected people have a way, and the protection, to getting assets out of China. Any Chinese people with Bitcoin have another option, those who can get BTC wholesale have even more options. Bitcoin is worth about the same in China as in the USA, Canada and Australia. |
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Of course, this thread is mostly directed at BTC fans who are NOT involved in BTC development or commerce (with one exception, none of my friends or family knows anything about BTC). Just last week I told a friend and our daughter that I was "waiting on a confirmation", two different transactions. My friend knew what I was talking about, but our 29 yr old daughter did not (I gave her the short version of what I was talking about).
So, who among you have any anecdotes about letting anyone around you know that you were "waiting on a confirmation"?
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Great thread OP!
That sci-hub . io site does look to be interesting, and worthy of BTC donation.
Now if I can just try to remember some of the names/subjects of some scientific papers I wanted to look at that were buried away. It'll come to me, and then I'll drop by.
I too look forward to other suggestions from members.
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... I have done a variety of transactions with BTC, small and "large" (large for me). Even with the large ones, one confirmation has been fine, even mixing coins with bitmixer.io (one is OK with them). * * * I have noticed though that blockchain.info's SharedCoin service sometimes needs multiple blocks to go by before the transaction is confirmed, they do mention that it can take up to six blocks before confirmation. I do not know why (maybe so many transactions and//or large amounts of BTC on occasion). EDIT: I see at bitmixer's website that one confirmation is OK with amounts of under 25 BTC, I have never mixed that much. They require more confirmations for larger amounts. https://bitmixer.io/faqs.html |
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Probably the easiest way to make this problem moot is to not let the cops know about any BTC you may have or trade!
That is one of the great things about Bitcoin. With some precautions you can accumulate and even spend BTC relatively anonymously. The police really should just do their jobs (enforcing the laws), and not worry about us BTC fans.
BTC and cash can be used by criminals. The police should investigate criminals, not people w/ cash or BTC.
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it would be interest to know how many poor people there are here, actually, that have joined bitcoin because they need money desperately, based on their country also
That's what I like about the sig campaigns. There could be guys making similar money to full time jobs in their home countries. That shows the potential power of this thing. Indeed. That is one of the wonderful benefits of the Signature Campaigns, that they allow almost anyone to participate. That is very beneficial to those in countries who have a bad economy. The BTC that they receive actually matters. Bravo to those who sponsor the Campaigns. |
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I welcome all new entrants into the mixing BTC arena. I am very happy with bitmixer.io, I have used them many times (their "clear" site, I do not know TOR).
I welcome all feedback as well.
Good luck!
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Miners can keep their BTC and even do not sell them, waiting for BTC price increase. How large is open market BTC volume - it is very hard to say - as BTC market is not regulated by anyone.  no they cannot, they need to sell at least 1/4 of they earning for maintanance and electricity, so i believe they sell them on exchange and maybe privately? but i doubt, mostly are sold on exchange I may be off-base here, but the below is some crude arithmetic showing my *guesses* (and the more guesses, the less accurate will be my final figures...): 1) "Let's say" F2Pool (one of the largest, currently at some 25% of total hash-power) wins 25% of the blocks in a day. 24 hours * 6 blocks per hour * $235 per BTC * 25 BTC per block * 25% = $211,500 won by "F2Pool" per day. 2) Let's also say they have 500 miners (I have no idea if that would be accurate, just painting a picture here). They would then have to pay off the various miner-members for "their share" of the winnings. 3) "F2Pool" would also have to pay various expenses: electricity, management fees, *bribes*, etc., etc. Let's call all of those expenses at 30% of revenue. 4) ($211,500 / 500 miner-members) * 0.7 (after expenses) = $296 per average miner per day. Again, I would *guess* that the average miner at "F2Pool" would be rather large, larger than the MEDIAN miner (who *might* be some guy with 20 Antminers in his basement). The above "math" is merely an exercise of dubious value, and really more meant to invite comments from those more knowledgeable about BTC mining economics...Perhaps the key question is how much do the pool OWNERS make per block? That would give a better clue to how many BTC they must sell to maintain their business. Then we would know approximately how many BTC they must exchange. |
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Martin Armstrong's predictions coming true. It really looks like 2017 for serious global economic collapse, except the USA which will grow strong and US dollar will grow stronger:
I wouldnt describe as a collapse until the engine and main momentum of the failure actually comes to a stop. Collapse would seem to suggest an ending to the move and a negative settlement. What we have now is wild swings up and down, the motivator in this being Dollar; global growth being apparent if not stable. If Armstrong says Dollar will just get stronger then we are no longer discussing collapse but speculating on the amplitude of the waves created by USA gov policy both domestic and their monetary effect on world commerce via the reserve currency. When Dollar ends you have your collapse, either its default or a kind of melt down that leaves it no longer able to negatively effect. We have then a final collapse, rebuilding or whatever can occur at that point http://www.bloomberg.com/news/articles/2016-02-26/how-the-fed-s-cold-war-with-congress-could-harm-the-u-s-economyI meant the debt collapse of the periphery which includes most countries except the USA begins in earnest in 2017. MA has stated that the collapse of the dollar reserve system will be after 2017, perhaps between 2018 and 2020. The rest of the world will complain that the strong dollar has strangled the global economy (when in fact it was because they had pegged their currencies to dollar and borrowed in dollars thus creating massive structural imbalances and carry trades that have to be unwound and will drive the dollar sky high). Loosely related is our own experience in Peru. Their local currency, the Sol, has been trading down sharply vs. the dollar (even more sharply than the rest of the world's currencies). Normally when exporter country currencies decline, you see a lower price for their export goods. So far we have not (ball and roller bearings from Korea, Japan and China). The net effect on our company has been higher prices (higher dollar NOT inducing a lower US$ price for our products) and lower revenues in US$ terms (our revenues are in Peruvian Soles). It's not been pretty for us even with Asian currencies down vs. the buck. And Peru may seems to be entering recession (fewer exports of copper (etc.) and lower prices for what they DO export)... Ugh.  |
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I've just ordered my first hardware wallet, I went for the Ledger Nano. Hopefully it arrives next week You'll probably like it. It seems to be a good product at the right price. So far I have not had problems with it. It works, and the price is right. What more would I, a simple man, really want? |
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... I really do not understand the hate felt for BTC there, ZH-ers tend to like gold after all. And BTC fits right in with the mostly libertarian zeitgeist there. In the comments below the article, you can read what the fans and detractors have to say. You can even see (if you're a ZH member) how many up arrows vs. downs I got (first comment, my moniker there is "38BWD22"). The "Tylers" there at ZH like putting up BTC articles as "click bait", LOL. http://www.zerohedge.com/news/2016-02-26/why-hedge-fund-manager-who-made-killing-subprime-buying-bitcoin#comment-7242958One nice point in the article itself is how the hedge fund manager likes BTC as a way to break capital controls, perhaps BTC's highest and best use. |
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Are sure it was the lake? I thought you said you had rented a vessel for fishing off the Pacific coast of Peru? Can you remember the name of that vessel, "Maria ..." something Maria. Oh wait, Maria was the housekeeper  Old age sucks. Yaah, old age does kind of suck indeed (but, think of the alternative). I just turned 60. And names DO keep getting harder to remember... You have a message directing you to a fun article, I was invited along on something nice in 2012. |
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I have always agreed with your 5% of net worth in physical gold for SHTF scenarios, but sorry to hear about the boating accident. Yeah my 18,000 oz of silver disappeared too.
Fuckin' A! These PM accidents seem to be happening everywhere. Seems like some kind of new worldwide rash or other disease. Maybe I should measure my head to see if I have Zika or Chaga or sumpin... I hope that any guns & ammo you may have did not suffer a similar fate (mine were lost while ice-fishing, fell right through the hole, and I forgot which lake). And I always thought that bringing along my hard assets with me was a much better idea than leaving them hidden in some dark place at home or at my office.EDIT: One of my old blog readers had something similar happen to him (his comments in italics, hey at least he caught a walleye): I mentioned above my reader "GB", the one who advised me not to bring a knife to a gun fight. Well, it looks like he is one of legion who has suffered a loss of his gold, but under slightly different circumstances. I sent along my sincere condolences. Please read his sad story below: "Don't know if others will find the humor in our exchange. Too bad.
Thanks for the warm pictures. Here in the northern plains, winter so far has been relatively mild. We've experienced a less than average number of days with bone chilling deep-freeze-like temperatures...and January is nearly complete.
Good thing you didn't take your PM's with you on the boat. Seems PM's and water (even when it's frozen) don't mix. I recently lost all of my PM's while ice fishing. Not exactly a boating accident like so many others are reportedly experiencing, but still painful and costly...and water related. Like a fool I took my stash with me on my little fishing adventure, figuring it'd be safer with me than at home in it's usual hiding spot. In hindsight, that was a very bad decision. Well, one thing led to another, and one beer led to another dozen or more, and I'll be damned if I didn't drop my stash and watch it fall right into the hole and through the ice as I was fighting a fish. It was a tragic loss...but I did manage to land a nice walleye. So the day wasn't a total bust. I just wish I could remember on which lake I was fishing." TPTB, you know my name, my blog article can be found using my FIRST NAME, LAST NAME, "blog", "sailing" via Google. |
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... OP and anyone else I have a similar problem buying BTC and I am in the USA! Localbitcoins does not work very well for me in my city (2,000,000 + population in the metro area), but that may be just starting to change... We recently also had a BTC ATM go in. It works, but they want a 9% (very high) premium to "spot", but localbitcoin-ers, when I could find someone, wanted at least 5% over and I had to go and deal with them (setting up a meeting, etc.). One time the Seller and I could not agree (he wanted 12% over), so that was a long drive and a waste of time. But, for Armenia, yes, it looks like localbitcoins is likely your only choice. Good luck! Let us know your results. |
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TPTB
Well, we'll see happens!
I just Copy 'n' Paste-d your above comments into a file, you know, just in case they get lost somewhere.
Sort of like the way some of my, erm, Hard Assets are sitting on the bottom of a lake due to, um, an unfortunate event. Damn! Boating accidents and controversial statements just have a way of being "disappeared".*
* Sort of like people in Argentina used to get...
EDIT: Perhaps you might agree that some gold is a good idea after all for us wankers not ready for primetime in altcoins and similar technology. Gold outlives them all...
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I have a whole slew of problems with ZIRP, and especially NIRP: 1) Savers are very much hit under NIRP. NIRP makes it harder for anyone saving money to get ANY income off their savings. Bad! 2) NIRP will very possibly (probably?) lead to banning CA$H! .gov will then get to see EVERYTHING you buy. Do you like that? 3) ZIRP and NIRP (especially NIRP) cause all kinds of weird perversions (eg, incentive to pay bills faster)! 4) Lack of proper CA$H will encourage OTHER digital currencies, Bitcoin may get discouraged or BANNED. Those are just off the top of my head... NIRP is very bad, to my knowledge we have not seen this before in modern history. More...: 5) Electrons in the bank could easily be seized should .gov want to... 6) Credit card companies already skim some 3% per transaction, banning CA$H would mean they make even more money. 7) We would pay to have "money" in the bank, but I doubt that they would pay us to borrow it... Bigger save/borrow spread. One more: 8: If they ban cash, the homeless beggars would be cut to pieces if they could not panhandle in the streets or at the stoplights. That actually would go for almost everyone who is not in a position to have a bank account. Or anyone who IS poor, the fees would hurt them even worse than those with more wealth. And the poor are far less likely to have Hard Assets as a defense vs. saving w/ negative rates. Figures that TPTB are looking at screwing the poor yet again....Más: 9) Lowering interest rates destroys capital! Dr. Antal Fekete (look him up) writes that when interest rates go down, the "new borrower" has an advantage over the "old borrower" (those who borrowed before at higher rates). The old borrowers are thus at a disadvantage in that they have a heavier debt burden than new borrowers. And there are lots more old borrowers than new ones. This destroys capital! 10) If ZIRP and NIRP worked, Japan would be doing great after so many years of 0% rates. Is Japan doing great? Nope. EDIT: So many reasons... That gives me plenty of material to write up a piece for my hometown paper, hah... |
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I commented on the FBI vs. Apple (iPhone) encryption matter elsewhere a couple of days ago. It pains me to see that NONE of the R-Team guys stood up for Apple at the debate Thursday evening.
Of course Apple is correct. Building a back door will not only weaken Apple's OS, but would FOR SURE be copied and used by all manner of LE in any dumb investigation they feel like. That software would make it to CHINA and RUSSIA too, FBI assurances (hah!) notwithstanding.
Strong Encryption ought to be considered a fundamental right IMO. That would also fit into your ideas of a Knowledge Age.
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... TPTB I would not put all of your eggs into Argentina. The politics of the place are very cyclical (Armstrong would have a field day studying that place, so much material...). They had, not really long ago (about two economic downturns) a pretty conservative (though corrupt) president (Menem), who a lot of the world thought would change the place (for the better). He did not. Argentines will usually vote for whomever promises the most S for the FSA!Re Italy, well you're onto something there. They are very creative, they (generalizing) love education & languages. They are world leaders (maybe THE world leaders) in various forms of the fashion industry. Who designs sexier sports cars than Italy? I do not know the state of IT & software engineering in Italy, but Italy is a country worth putting on your "Short List" of places to live and thrive. Um, if they can keep out the Muslim & African Hordes... Just because there is a lot of Italian blood in Argentina does not mean that "translates well" in important matters like economic & political freedom and creativity. There is a reason for all of the Argentine jokes, even told by Peruvians... Q: What is the biggest dollar value of anything known to mankind? A: The difference between what an Argentine thinks he is worth vs. what anyone else thinks he's worth... ^--- But, that's being mean. Argentina IS full of well-educated people and much of it is very nice & civilized. There is also a lot of crime and lots of con men there. |
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