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It is not a threat. It is a great opportunity for central banks, if they could move to a decentralized ledger.
Of course, the rules governing the money supply would be set by central banks.
And then they can effortlessly enforce negative interest rates and other policies according to their wish.
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Since when did any aspect of the Bitfinex organisation operate from US soil? Not trying to defend Bitfinex as such, but defending Hong Kong sovereign territory from the FBI sure sounds like the right thing to do. Is the Massachusetts FBI office going to be the ones investigating, lol
Maybe a lot of Americans have complained about the losses incurred. I am not sure how the FBI is going to proceed. All they may do is share notes with the HK cops. |
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I don't think arbitrage margin in the currency against another will be profitable enough if there is any
Price differences might be due to the fact that there are capital controls against the currency bitcoin is traded in. For example - just because bitcoin is say costlier in yuan terms doesn't mean that there is an arbitrage possibility. |
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I don't understand how the change in treatment will make a difference to donations.
Are donations in kind (below the threshold) exempt from accounting or some rules?
In any case, the threshold of $100 is very low.
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get rid of cash.
Once governments finish their ban-on-cash global plan, and there's no escape from pinpoint governmental control, we better hope we have a strong, solid, decentralized-node Bitcoin, with nodes wide spread all across the globe, or else it will be the end of financial freedom for ever. Bitcoin is our last hope.
By then, people will start to realize the importance of owning Bitcoin and knowing how to use it. The price of Bitcoin will sky rocket to several thousands to millions of dollars per coin, as bast amounts of wealth move within the ecosystem.
They are trying to get there as quickly as possible. But as long as there are alternatives like gold and bitcoin, they won't be successful. Everybody may not have access to bitcoins, but they can still buy gold. |
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IS there any Bitcoin Bank that really works like bank that provide interest for customer that available in this world?
I do not think that any Bitcoin banks exist at the moment but I think that it is still a good thing because we do not need them at this point. In the future when Bitcoin has more users they might be able to open a couple of banks. What matters is not the number of users, but whether there is demand for banking products (loans, saving accounts) denominated in Bitcoin, Right now there is no demand. |
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Op-Ed: Digital Currency and the Great Wealth TransferIn the United States alone, Baby Boomers (those born between 1946 and 1964) are on track to inherit around $12 trillion from their savings-conscious parents who were raised in the era of the Great Depression. Over the next thirty years, these boomers will pass on an estimated $30 trillion to their Generation X children. These two events are on track to make up the largest transfer of wealth in history. There is however, another potential wealth transfer brewing that could end up being the greatest of them all... Read the full story: http://dcebrief.com/digital-currency-and-the-great-wealth-transfer/ The Gen X has already spent this wealth.  They are knee deep in credit card and student loan debt. Bitcoin is right now too small to make a dent in the global wealth distribution. |
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This drop was quite predicted one after how they fail to keep their customers fund safely. Who gonna trust them again after this huge lost. I also used to trade there but after this mesh up and lost i haven't even login there.
They still haven't repaid the customers' funds. All the customers have are the BFX tokens. If Bitfinex manages to raise some funds and redeem these tokens, then possibly the customers will start trusting them again. |
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i think bitcoin wallet is much more better bank wallet because bitcoin wallet is too much safer and bitcoin transaction fees is very and available everywhere for online shopping.
Let's put some twist on your side , How did you say so that bitcoin wallet is better than back wallet? is just because bitcoin wallet is much more safer? how about the bank ? Can you there have Customer support where if you need something you can make a call to them and banks and atm also can make transaction more easier than bitcoin. in my honest opinion,bank have so many advantages on the security if you compare to bitcoin wallet just see that bank guaranteed your money when got hacked or whatelse as long you can prove that you're really losing the money in other side when you just once hacked and your money lost then it's lost,but you will be also forced to pay the monthly or weekly fees Yes it always had so much advantages in security and if someone stolen your money you can bring it back because there are logs that who really stole it not like bitcoin once it send to the unknown address you can't sure that it will bring back it to you bitcoin is just for making money. The logs won't help you if money travels overseas, or is withdrawn from bank accounts. Usually, banks take the losses if they are at fault. You have to be careful with your money - whether it is in bitcoin wallet or in the bank account. |
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There are a lot of remittance flows from the UAE to India.
This could be tailor-made for blockchain applications.
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I think because of the bitcoin is wearing a very good way rather than a credit card. In other words is Bitcoin could pay all our needs without any burden in later life, as we know that credit cards are indeed similar to credit card only Bitcoin is very detrimental to our future, because they attract our money every month with interest rates far greater than the cost of paying using Bitcoin.
yeah , right but also some better quality of payment through btc is getting more privacy of transaction , and more ease to payment , no fear to sce by carder . so bitcoin is great . still both of you are right but , here it is to be noticed that , there is also a privacy of transaction in the credit of debit card payment . the main reason of payment through ( if acceptable ) is to keep tax charges away from payment . means no matter of taxation for the deal . If you are evading taxes, you are breaking the law. Irrespective of the mode of payment. Just because you use bitcoin doesn't mean that the laws governing your transaction are different. |
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Central banks have been considering blockchain technology for a while now, when are they implementing it?  Implementing it in the sense of migrating fiat currencies to blockchain? That won't happen. What they will do use blockchain structure for settlement, or to make sure that notes cannot be counterfeited. |
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I was quite surprised when I saw the trend, I had always assumed lots of people would be selling their coins as the holiday approaches driving down bitcoin price.
The opposite happened!
The holiday season is far away... but people could be buying bitcoins to take advantage of offers like Bitcoin Friday. It is tough to predict a trend, because speculators would try to take advantage of it, thereby negating it. |
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Legislation for crypto-currencies is a non-starter in most countries.
Interestingly, courts are pronouncing judgements and setting precedents in cases involving cryptocurrencies.
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The banking industry will destroy itself. Just look at all the job losses they have had with it being automated and almost all the things done there can be done online now.
Eventually it will happen if it has not happened already.
I don't think the banking industry will destroy itself for they are being regulated by the governing body of a country. And they are going to see bitcoin as a threat because it is going to kill the fiat system of a country. But I don't think bank will able to destroy the block chain tech as it is a very strong technology even jammers and hackers won't do. If they are being regulated, they have the eyes and ears of the government with them. So they can actually lobby to have legislation which hinders bitcoin's growth. That is the only impediment they can impose in the path of Bitcoin. |
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i think its not a good idea to because it will make the price of bitcoin will get down quickly and huge people will register into the market exchange and use their amount in that wallet to withdraw or selling their bitcoin amount into localbitcoins and soon the price will fall.
To do an airdrop, the billionaire would have to buy up bitcoins at first. So the price will go through the roof before the drop even starts. So you needn't be worried about what will happen to the price when people start spending their coins. |
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India has micro economies and also some very talented programmers and developers. Compared to other 1st world countries these workers are much cheaper to employ. Bitcoin will thrive in India, if the infrastructure to support it {internet access} will become cheaper too. The micro transactions and the low tx fees, makes Bitcoin an ideal solution for these countries. More than programmers and developers, what matters is the large population, i.e., large market. It will take a lot more time before Indians start trusting pieces of code, but when it does happen, there can be a massive price boost. |
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Well, isn't that a nice idea. But if ever that happens, I will try not to get ahead of myself. It's very tempting to sell all my bitcoins and cash out but I think it's also wise to not sell all. If bitcoin can rise to that high a price there's also a possibility that it can rise higher. Why not wait and see?
If you sell all your bitcoins, there is always a chance that it may go higher and you will regret your decision. I would sell enough to assure a comfortable lifestyle for me. The remaining will be stored in the form of bitcoins only. |
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Doesn't WSJ require registration before you view content?
That is an irritant, which is as big as the ads that they serve.
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