I agree with you OP, it would be really awesome and would just make life easier. But i think it's naive to think that it would be possible anytime soon (probably in 10+ years maybe) because people would need permanent access to internet, have their wallet always ready so the phone/pc would need to be always charged etc  Not even 10 years. Maybe more like 100 years. See, just like older folks these days lack in technology capability, young people including kids will be raised with cash and we will need it to be able to get by (not all of us, but whoever does not adapt)... with that said, it will likely take a century. And that makes even more sense when you consider the last Bitcoin that will be mined will be in 2021.  |
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Why not?
Eventually the price of Bitcoin will be as stable, if not more stable than any other market. The reason it is so volatile now is because of the low market cap and the fact any person can effect the price (although at this point you would need to be a multi-billionaire to do so), but still any large corporation could affect the price and this is why we see such large rises and crashes. Actually, it is quite surprising that Bitcoin is as stable as it is given that the market cap is only in the $70,000,000,000 range... that is less than a few people's individual net worths!
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I don't have any Bitcoin saved, but I hopefully will someday. I mean, it would be nice to go back in the past and buy it when it was cheap but we obviously cannot do that so we must go forward and do our best with what we have.  |
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This question is flawed. There is no such thing as Bitcoin or gold, because we can have both at the same time! Bitcoin is the virtual equivalent of physical gold. It is that simple. Physical gold will never lose its value, and neither will Bitcoin.  |
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Shaun Bridges, who already was given 71 months in prison, awaits a new sentence. SAN FRANCISCO—Former Secret Service agent Shaun Bridges pleaded guilty on Tuesday to new counts of money laundering and related forfeiture. In May 2015, Bridges was sentenced to 71 months after he stole money from Silk Road dealers while investigating Silk Road, a now-defunct Tor-hidden underground website. Over a year ago, federal authorities strongly suggested in court filings that, in 2015, after Bridges had left the Secret Service and after he had already signed his first guilty plea, he had illegally transferred to himself over 1,600 bitcoins. Those bitcoins had previously been seized by federal authorities from Bitstamp, a European Bitcoin exchange, which later challenged the seizure. However, Bridges was not formally charged with a crime until Monday evening, when prosecutors filed a new charging document in federal court. That filing specifically says that Bridges “laundered the funds stolen from the United States government by moving the funds out of the BTC-e account and into other various online wallets and accounts.” Last month, a Russian man, Alexander Vinnik, was arrested and indicted on allegations of money laundering. Vinnik is accused of creating BTC-e, a quasi-underground Bitcoin exchange that specialized in not asking too many questions of its users. That indictment specifically mentioned Bridges and his fellow corrupt agent on the Baltimore Silk Road team, Carl Mark Force. “Their experience with the criminal underworld taught them that using BTC-e, as opposed to a registered exchange with anti-money laundering policies, would maximize their chances of being able to conceal criminal proceeds,” prosecutors wrote. Bridges will likely be sentenced in the coming months. https://arstechnica.com/tech-policy/2017/08/ex-fed-in-silk-road-case-pleads-guilty-to-new-money-laundering-charges/ Summary: a secret service agent allegedly stole 1,600 bitcoins that were seized from silk road and tried to launder the money through BTC-E. I haven't heard of this case before today. If its true it could somewhat flip the script in terms of bitcoin being used by criminals considering a law enforcement agent tried to use it? LOL This is hilarious. A guy who works for the government which is supposed to protect the people, instead follows in the footsteps of the scammers themselves and then got caught.  He should have waited many years until the fiasco dies down and then launder them and he could get away with it. |
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Do you believe the FBI holds the biggest number of bitcoin? How would we know? How certain are they? We can't tell because nobody/no one would say how many bitcoins he/she has on his/her hands Why would the FBI have a huge amount of coins,the coins they have confiscated are the auctioned and so i really do not think they will be holding the coins because of their past auctions,so this is entirely a speculation which has no truth in it. But how do we know where all the coins went? Just because they auction some doesn't mean they use the new money to buy more or they keep some of the confiscated ones. It only makes sense the FBI is collecting Bitcoin now because if it becomes huge they will not have any unless they get their hands on it now for cheap which is exactly what they are doing. |
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1) They made a scrypt to check signatures and posts. They use automatic payout with the bot. They designed smart rules.
That's quite easy to do; almost trivial. -snip-
There are lots of shady things about the project, but it's free. There's tons of bad ICO that actually collect money from investors and walk away
Classic relative privation fallacy (aka, "not as bad as" fallacy), which is not an actual argument that goes in favor of the project. Lauda as much as I disagree with your banning of me from the Bitmixer campaign (R.I.P), you have a point about this being shady. However, keep something in mind. While I am not suggesting you are wrong, don't forget even a company like BTC-e which is the most shady of all is working hard to pay back everyone who had funds on their exchange despite the fact we do not know their identities. They could take our BTC and run, but they are legit. From this perspective, DeepONION could also be legit, and their owners simply hiding their identities. IT doesn't prove they aren't legit. Hope this makes sense... |
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MY 3 top ICO tips:
1) STOX
2) DeepONION
3) Lust
I am not a fan of Lust due to its purpose, but I believe it will be successful.
As for STOX it has investors in high places.
And DeepONION is one of if not the most hyped ICO of all time.
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Reminds me of the site that ranks your global wealth based on assets, income, etc. Most people in the 'lower class' division of America are still in the top 10% or something globally. Staggering!
Indeed, literally all Americans except the homeless are considered as rich by global standards. Even richer or wealthier individuals living in poorer countries could be considered less wealthy due to the low level of public infrastructure. Most people living on modern societies are in debt, so they are poorer than a homeless man with $2 in change in his pocket. That is a good point which is also of note. I also believe this to be true. However, it does not change my point about the public infrastructure which even homeless people can take advantage of for free. (Example: they use supermarket washrooms to wash up, air conditioning, etc.) Many, many countries do not have air conditioning in most buildings. We take it for granted. |
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I think this is still a long ways down the road. We should not get ahead of ourselves, but rather ask the question of what MAJOR CITY would be the first to eliminate fiat and convert to crypto fully?
My view is it would be a progressive city given conservatives generally embrace change late and liberals tend to do so early. Therefore, pick the most liberal/leftist cities in the world and you have your answer.
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I am pretty sure the hackers are not going to reveal their identities... so let me get this straight... after HBO got hacked, they think giving anonymous hackers $250,000 will stop them from asking for more or selling the scripts elsewhere?  Sorry, I would not pay a dime and next time increase your cyber security so it doesn't happen again! |
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Reminds me of the site that ranks your global wealth based on assets, income, etc. Most people in the 'lower class' division of America are still in the top 10% or something globally. Staggering!
Indeed, literally all Americans except the homeless are considered as rich by global standards. Even richer or wealthier individuals living in poorer countries could be considered less wealthy due to the low level of public infrastructure. |
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Calm down guys. I am temporarily shutting down this service due to the increase in price. When it becomes more stable, I will restart. Thanks for your understanding. |
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There is no way to make a transaction anonymous since we are using blockchain technology which is basically a form of money in which everyone is connected through the blockchain. A simple search with a transaction ID can find out what address paid to what address and when it was made. But bitcoin is pseudo-anonymous since you need someone's transaction ID to find out what they are doing.
Use a mixing service such as chipmixer or bitblender to hide your funds and addresses. Also, who knows the Bitcoin address is yours anyway?
+1 no such thing as a truly anonymous Bitcoin transaction. All of them are tracked on the blockchain and can be traced back to you if someone or an agency really wanted to. There are new technologies, however, such as DeepONION coin which seek to allow true anonymity by processing transactions through the TOR network and other means. |
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Most of these are exchange cold wallets. Realistically, there are lots of addresses that have more and we simply don't know about given they are not public. |
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The price of Bitcoin in India is always like 10% higher than anywhere else. I have no idea why. Even when BTC-e was offloading their stolen coins the price wasn't lower. And I am talking about relative to how high the price is in India. I wish I knew how to arbitrage there... would make a killing. Maybe I will make a friend there or even go live there just to arbitrage Bitcoin. |
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To be fair, we cannot say what Satoshi's view would be today as he has not been active since 2010... just saying. |
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I think ever since the sign which was raised at the Superbowl, people are looking for opportunities to do this again and again. The guy who showed the sign behind the federal reserve chair woman made over $10,000 just from doing it. |
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Recently there is a lot of talk about running nodes.
I find it strange considering how little I heard about them until last week. lol
Anyways, I am going to look into it and maybe give it a go, but my current setup is not very powerful so most likely won't for the time being.
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The biggest concern with Bitcoin is currently ease-of-adoption and learning curve.
It takes years to really understand Bitcoin, at least for the average person.
Even learning how to buy it in the first place can be extremely hard.
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