The trust system should be disabled completely, since it's a terrible indicator of reliability and if you're new here you might think it actually means something and get tricked.

What does this trust mean when people are selling accounts "with Green Trust" on here? It's not linked to anything like a PGP key.

I just reported it to Google and others for phishing.

What's the cost to get access to a stable broadband internet connection in Sudan?

If anyone gets electricity for less than 5 cents per kwh with internet access it could become a nice location for a bitcoin mining company.

I would personally rather invest in a mining operation in Canada, because it's politically stable.

Please send me 10 blockchain? Start your blockchain client? Nope, it's definitely bitcoin.

Threatening to kill many people and asking others to help... that's really terrible.

By the way: did anyone here watch the Mean Tweets videos on Jimmy Kimmel ? (e.g. https://www.youtube.com/watch?v=RRBoPveyETc)

I just said this on twitter:


I think in every single instance it's going to be Bitcoin that is being utilized.

Thanks for sharing, especially with the debate in the comment section.

The Blog Admin later published this:

Are you sure you can get 0.04 Cent not 0.04 USD? OP is living in a paradise if 0.08 Cent per kWh is the actual price.

Verizon is offering 4.4 billion USD for AOL (5860 employees) while all bitcoins put together are worth 3.3 billion USD. I say we're more productive than AOL.

GBTC 49.00 USD / share

Bitfinex lending rates are getting lower (already at 0.01%): http://bfxdata.com/swaphistory/btc.php

OKCoin rates just dropped to 0.02% p. day .

Please only vote if you are a eligible to contribute.

Votes can be changed and this poll doesn't expire.

A Bitcoin Technology Gets Nasdaq Test



Nasdaq will start its pilot in the fledgling Nasdaq Private Market. Photo: JUSTIN LANE/EUROPEAN PRESSPHOTO AGENCY

Nasdaq OMX Group Inc. is testing a new use of the technology that underpins the digital currency bitcoin, in a bid to transform the trading of shares in private companies.

The experiment joins a slew of financial-industry forays into bitcoin-related technology. If the effort is deemed successful, Nasdaq wants to use so-called blockchain technology in its stock market, one of the world’s largest, and potentially shake up systems that have facilitated the trading of financial assets for decades.

“Utilizing the blockchain is a natural digital evolution for managing physical securities,” said Nasdaq Chief Executive Robert Greifeld. He said the technology holds the potential to “benefit not only our clients, but the broader global capital markets.”

Nasdaq will start its pilot project in Nasdaq Private Market, a fledgling marketplace launched in January 2014 to handle pre-IPO trading among private companies. The platform has more than 75 private companies signed up, according to the company.

Private companies typically handle sales and transfers of shares with largely informal systems, including spreadsheets maintained by lawyers who verify transactions by hand. Nasdaq wants to replace that process with a system based on bitcoin’s blockchain technology.

The blockchain ledger is seen by some in the financial industry as the most compelling aspect of bitcoin because it can be used beyond merely buying and selling goods or services with a new currency.

The blockchain is maintained, updated and verified by a vast global network of independently owned computers known as “miners” that collectively work to prove the ledger’s authenticity.

In theory, this decentralized system for verifying information means transactions need no longer be channeled through banks, clearinghouses and other middlemen. Advocates say this “trustless” structure means direct transfers of ownership can occur over the blockchain almost instantaneously without the risk of default or manipulation by an intermediating third party.

One idea is that encrypted, digital representations of share certificates could be inserted into minute bitcoin transactions known as “Satoshis,” facilitating an immediate, verifiable transfer of stock ownership from seller to buyer.

Still, bitcoin-based settlement remains untested in the real world. Regulators worry about the anonymous status of the bitcoin miners that collectively manage the system. It is conceivable that bad actors might one day take over the mining network and destroy the integrity of its verification system, some say.

Also, bitcoin’s underlying software is unable to handle the massive increase in data storage that a Wall Street settlement system would require. While the software could simply be updated, implementation will require consensus among the many, far-flung miners.

Nasdaq Private Market is also a relatively small project for Nasdaq so any changes there aren’t far-reaching. At the same time, the experiment is the latest example of large financial firms exploring the use of the technology.

In recent months, the New York Stock Exchange unit of Intercontinental Exchange Inc. announced an investment in the bitcoin-trading platform Coinbase; Goldman Sachs Group Inc. invested in bitcoin consumer- services company Circle Internet Financial; and big trading firm DRW Holdings LLC said a subsidiary had “begun to experiment with cryptocurrency trading.”

Meanwhile, Digital Asset Holdings, led by former J.P. Morgan Chase & Co. executive Blythe Masters, is, like Nasdaq, developing a blockchain-based system for settling transfers of securities and funds.

Some see the blockchain as a way to attain a long-held securities-industry goal of real-time settlement, shifting the current “T+3” structure, in which the final transfer of funds and securities occurs three days after each trade, to “T+0.”

Real-time settlement has been a goal of regulators and investors alike as it would reduce the risk of counterparty failure and free up billions of dollars of capital that is sidelined during that wait period.

Oliver Bussmann, chief investment officer of Swiss bank UBS AG, last year said the blockchain was the biggest disrupting force in the financial sector, meaning its success could potentially have far-reaching ramifications for banks, trading houses and others. His bank has since established a special blockchain lab to study uses of the technology.

Nasdaq named Fredrik Voss, a vice president, as its new “blockchain technology evangelist” to lead efforts to increase use of the technology.

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Source: http://www.wsj.com/articles/a-bitcoin-technology-gets-nasdaq-test-1431296886

Some people certainly made a lot of money in short positions in 2014.  Of course the gains on a long position in a rally are higher, but you could still make a decent amount of money - especially with leverage.

Skrill doesn't do chargebacks

OP is trying to use Bitcoin as much as possible - which is a good thing, but the way he is doing that is bad IMO. I'd suggest keeping the cards and accounts and getting paid in your national currency - buying BTC with your card when you need them instead of getting paid in BTC and cashing out on LocalBitcoins or getting only a part of your income in BTC if that's possible.

That's a very old topic - is there a specific reason for bumping it again?

There are definitely more than 2 places to short Bitcoin. At least there's a third exchange: OKCoin + a few discount brokers (Plus500, Xcfd,....) are offering short positions on Bitcoin price.

It's nice that you're trying to live off Bitcoin, but getting 100% in BTC just to sell some on LocalBitcoins seems complicated. Why don't you get a BTC debit card from Xapo or Bit-x? (you don't have to keep much money in their wallets)

If you trade on GBTC you don't have to sign-up to a Bitcoin exchange.

Most pro traders prefer having a single interface that allows you to trade thousands of stocks, bonds, commodities, currencies etc. - trading would be very annoying if you had to sign up to a few hundred platforms

It's certainly interesting. These types of investment vehicles are purely investments (not users) and they only adjust their prices after weekends and holidays while Bitcoin markets are open 24/7.

I would also vote for TheButterZone.