Yahoo, after doing my job for this campaign, I want to make a request to be transfered to the Bitsane signature campaign if I'm allowed. I want to help promote a new Bitcoin exchange rather than an altcoin ICO. I also think my posts are more suited for Bitsane.

I know that payment for Bitsane is on Wednesday so I am ok with not getting paid on the first week because I might not reach the 30 post minimum.

Why not use Coinbase. I believe they cater to the US and has the ability to wire your money to your bank account as long as your bank is located inside the country. Making an account with them is easy and straightforward. You have to give your personal information. A process that is frowned upon by most of the people in this forum.

Here is the latest pullout http://www.coindesk.com/morgan-stanley-r3cev-blockchain-consortium/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CoinDesk+%28CoinDesk+-+The+Voice+of+Digital+Currency%29

Now it is reported that Morgan Stanley is pulling out of the R3 banking consortium. They must be smelling that there is a scam in all of this. It will not be surprising to most Bitcoiners who has seen through the scam to know that the "technology" they have is nothing but garbage. I believe that they have given the code of their blockchain called Corda to the Hyperledger project. Many developers say that the Linux Foundation is the garbage bin of open source projects. 

Those students who decided to invest in Ethereum are in for a rude awakening. The platform is broken to begin with and Vitalik Buterin could either be scamming himself by believing that Ethereum scale and that it will be a game changer or he is really scamming everyone because he knows deep down that what he created is a dud.

Who says I am going to spend all of it at one time? Besides there is the black market and there are ways to launder your money for a fee. Bitcoin just happen to make it all easier at some point of the process. Add a tumbler to your VPN + Tor usage then it would really be hard for the government to trace your trail.

I really hope that all governments will try to impose taxes on Bitcoin. This will force the developers to double down on decentralized trading exchanges making the community stay away from Coinbase and the others that are forcing KYC/AML on us. I can see a future for Tether USD or a fiat for crypto implementation to trade at decentralized exchanges.

The things I bolded in your post are contradicting each other. If you have been trading forex for a while now then you should have at least learned that having a strategy for managing your money is a must. This makes me think that you are either really new to trading or just a person with a gambling problem who sees forex trading as one giant casino.

This will be another legal and a "paper trail" headache for the IRS. Imagine this scenario, I buy $100,000 worth of Bitcoins at Coinbase, transfer them to different addresses using an HD wallet. I gamble some in a sportsbetting website, buy altcoins with some at 3 different altcoin exchanges and then transfer them back to different addresses in my HD wallet. I cash out some using Local Bitcoins for a person to person transaction.

How will the IRS figure that out. Also let us pretend I use VPN + Tor since I am also a dark market user.

I am speechless on that thread of yours. It may be too deep for us that we may need the people like Adam Back or Peter Todd to decipher the meaning of your text. I suggest everyone to go read it and good luck trying to understand it.

But seriously this is what I think, as long as there are niche markets for Bitcoin like the dark market then there will always be a need for it unless the banks decide to serve those illegal markets themselves. If the banks do not want to serve some sectors in any market, Bitcoin will fill the gaps.

Oh please. The only reason why you are trying to be negative on Bitcoin is because you want to advertise your altcoin. Let's face it, Zeit will never ever reach the heights Bitcoin has reached.

On the topic of transactions waiting to be confirmed, it is beginning to go down now. But maybe it is time to activate Segwit.

I am glad that you are seeing it the same way as me. I cannot believe there were a lot of people who were cheering for R3 as a step forward for cryptocurrencies. They thought that R3 would complement their favorite altcoin making them go "to the moon".

R3 has no real plan on how to take "blockchain technology", yes that is a buzz word someone created, in use for banks. First they pitched Ethereum to the banks, then the next pitch was Ripple then Hyperledger. Does anyone know what is really going on with R3? I believe they are lost.


The realization will be how brilliant the Satoshi definition of a blockchain really is, and this will always include Proof of Work. We may have missed the point by trying to exclude PoW from blockchains because it wastes energy. But it may be the only concept that makes censorship resistant blockchains a possibility.

Latest from Coin Desk, http://www.coindesk.com/santander-drops-out-r3-blockchain-consortium/

The idea of "private blockchains" and without the use of Proof of Work was not so smart to begin with. How could their private blockchain make things more efficient for them? Is it not that their current system is good enough for what they are trying to do? Why don't the banks use a shared database? That would be much easier for them. I believe there are groups of individuals who are scamming to make the banks ride the blockchain band wagon.

A blockchain for banks is nothing but hype.

Or he has finally accepted that Bitcoin is not made for the mainstream. At least not made the way we think how it should be. Bitcoin's main use is more for circumventing the law. So its use in the dark market is the perfect real world utility for it. Maybe the Circle CEO has realized that it would be more profitable to set up a dark market website than being a Bitcoin middle man.


Zcash is a scam. It is nothing but a Bitcoin clone with a built in tumbler.

You have to also ask yourself if there is really a need for them to know what Bitcoin is? Will it really help their lives become better than it is now? They receive their salaries in fiat, their savings are in fiat, all they need and want can be bought in fiat/credit card. So is there really a need for them to use Bitcoin? No, unless he or she is a drug addict wanting to buy drugs safely from the dark market or he or she wants the company of an escort or gigolo from the postings at Backpages.

Bitcoin is better used for illegal stuff. Accept it, that is Bitcoin's main market.

Is Circle really making money from their business model as middle man? I could see Circle going down in 5 - 10 years and not Bitcoin. I believe that most of the Bitcoin companies that have been funded by the Venture Capitalists are not making money. The only businesses that I think are making money are found in the dark market.

The source of the statement is from this article http://www.newsbtc.com/2016/11/20/circle-ceo-nobody-will-using-bitcoin-5-10-years/

So I ask this. As the growth of the darknet market place every year keeps going higher and higher, the possibility of it becoming a multi billion market place is not too far to reach. What currency will it use if not Bitcoin?

Does the CEO of Circle knows what he is talking about at all? Most of the so called "experts" in the Bitcoin and blockchain world do not know what they are talking about because it is all still new.

For me the people to listen to about blockchains are Peter Todd, Gregory Maxwell, Adam Back, Luke-Jr and there might be some names I have forgotten so please post them in here.

So meaning you really do not have a clue what the real reason is for the rise. Your reasoning went from "the people" to "the Chinese investors" to "Trump". The people who really know will not tell you, why would they? It is their game to play and we are only in it for the ride. For all we know, this could be a group of whales utilizing a pump and dump strategy on Bitcoin and it does not have any connection or reliance to any economic event.

Oh really? I do not think so. The Chinese demand for Bitcoin is mostly speculative and they treat more like a commodity than a currency. Maybe even most of their Bitcoins do not leave the exchanges because they are trading them back and forth for profits in fiat. Nothing will change except for major efficiencies in the CNY fiat system. Bitcoin will be Bitcoin, fiat will be fiat.

What is the real world use case of Spectre and why make another altcoin when there are already a lot released in the market? Would it not be better for the Spectre developers to support a more established coin of their liking to make that coin better for the community to use?

I do not believe it is all speculation from the people who are against Segwit/LN. It is also political because they have a different set of beliefs on how Bitcoin should be taken forward and has divided the community into their own camps. The people in each camp who point at each other accusing that greed and control is the primary motivation of the solution of either Segwit/LN and bigger blocks are hypocrites. Both camps each have their own self interests at hand.


I agree. I am also interested what else can be done with LN. The most interesting use case is the possibility for it to become a bridge to other blockchains.


True but it will not stop the miners from creating payment hubs. I see it as an opportunity for them to gain more power in the system.