All financial institutions see opportunity to cut costs and improve turnaround times using the blockchain. The advantages are clearly documented. Progress is slow because everybody wants to be absolutely sure before implementing new technology. |
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Although bitcoin addresses are composed of randomly generated hexadecimal characters, which are unrelated to one’s id, anyone can see each and every transaction on the public ledger, so the flow of bitcoins from an address to another along the blockchain is visible to everyone. Solely, the hexadecimal characters of a given address can never be used to identify the person using it to send or receive bitcoins. http://www.newsbtc.com/2015/11/27/airbrushing-your-bitcoin-transactions-bitcoin-mixers-and-coinjoin/These kind of info-articles (which recycle things known for ages - the sources named consist of 2 bitcoin wiki articles) shouldn't really be passed off as news |
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Ok. We have an issue with post count. I am not sure how many people are active in the press board, but one madcap has deleted most of the posts made in the self-moderated threads there. You can read more about that over herePosts made many months back have also been deleted. Based on the deleted posts, my revised "starting post count" should be 693. Nick, request you to take this revised post count into account. The number of posts made this month can be easily verified by looking at my post history. |
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Not at these levels. We could go to the moon or we could crash hard.
I am just sitting on the bitcoins I have.
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Very good to see a bank which calls itself Bitcoin friendly receiving institutional funding.
It will be a niche market initially. I hope the regulators don't stifle this bank.
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Bitcoin's journey from money laundering appeal to teaching the banks
http://www.afr.com/business/banking-and-finance/bitcoins-journey-from-money-laundering-appeal-to-teaching-the-banks-20151126-gl9gupBankers and economists are finding fresh virtues in the digital currency bitcoin at a time when the gold price is trading at close to six-year lows. So much so that the prominent American economist Bhagwan Chowdhry has nominated bitcoin inventor Satoshi Nakamoto for the 2016 Nobel Prize in economics.
Chowdhry, a professor of finance at UCLA, was asked by the Royal Swedish Academy of Sciences to nominate a candidate for the prize, and chose Nakamoto because bitcoin "is nothing short of revolutionary".
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Argentina is no stranger to currency crises. But until now, they didn't have Bitcoin to contend with. Argentinians always had to go along with what the Government wanted. Not any more.  |
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I always use cash, since i don't want to depend on a card that can be broken.
Suppose you are out of gas and your cards don't work (electricty breakdown). You can't buy even a little snack of 1 dollar..
Keep a little bit of emergency cash, for reasons like this. A small portion of your portfolion should be in stable, easily accessible investments - like demand deposits. These can be converted to cash quickly and used when required. For the rest, there is Bitcoin.  |
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Their business model is not clear at all. If this scheme was advertised here - daily interest rate payouts, alternate investment strategy, etc., it would receive negative feedback very quickly.  |
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Bitcoin is definitely new and I don't think that it is going to die out anytime soon. Bitcoin is new and a revolutionary technology. Bitcoin is still trying to make its mark on society. The price is still stabilising and I think in a couple of years, Bitcoin will be a big thing.
nooooo bitcoin is a currency. blockchain is the technology.. and thats why media are getting so confused. because people are starting to actually use terminology that helps explain things better. by separating the technology buzzword away from the currency. wrongly making media suddenly think the currency is dying.. when in fact its just a clarification of wording To add to that, the recent price stability of bitcoin is given as 'evidence' that it is dying. They don't realize that stability in price could solve one of the biggest problems of Bitcoin. |
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the problem is not about advertising.. its about bitcoin usage once people start thinking about bitcoin..
afterall there is no point wasting money on advertising if the viewers cannot buy beer or toilet roll with it from their local 7eleven.
and thats why europe doesnt bother advertising Euro's in america.. or why america doesnt advertise Dollars in britain...
so will all you "we need to advertise" fanboys. look passed the 15 minutes of fame and orgasms you will have from seeing the advert. and think about the non-bitcoin people who will see the advert for the first time. and what uses they will see of benefit..
I guess awareness about Bitcoin will naturally increase once you have multiple bitcoin companies and they start advertising. It doesn't have to be the Bitcoin foundation (equivalent of America advertising dollars). If there are telecom companies advertising, it is a positive for the advantages of mobile telephony as a whole. In the same way, once there are multiple competing companies in the cryptospace and they start spending on advertising, Bitcoin will benefit. |
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A one-way exchange is indeed unique. They seem to have gotten around most of the cumbersome compliance requirements by not accepting fiat deposits. |
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Precisely most of people here started with faucet, at first time of dealing with faucet i thought i can earn some money there but after a long run i realized that i was wrong but the good part faucets abducted me to enter the world of bitcoin. In simpliest faucets are like promotions the same in gambling in the field of casinos thay are giving out some mbtc just to let users to try out their services.
Yup, most people start with faucets, graduate to signature campaigns, and then finally start treating bitcoins as money. As long as it increases adoption, I think they are a help to Bitcoin. |
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Nice article but just one point where the writer is wrong and that is in stating that bitcoin volatility is zero.
His argument is that one bitcoin is worth one bitcoin so no volatility, the volatility comes from the fiat currencies its measured against. If this was the case then one could say that the US dollar and or the Euro also have no volatility as one dollar is equal to one dollar and one euro is equal to one euro.
I get the point he's trying to make but bitcoin is volatile and will remain so for some time to come. Volatility will only decrease once the 'spread' of bitcoin is better meaning more bitcoins in the hands of more people.
Yes, he talks about volatility being zero, and then immediately says that Bitcoin's value will increase every year. The point he is trying to make is belaboured. |
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A year ago. Let us hope they get tech-savvy enough to use Bitcoin. If Chinese officials want to stash illegal wealth abroad, Bitcoin offers an opportunity. Why get bribes in RMB, convert it to BTC and then transfer it out? Why not get bribes directly in BTC?  |
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Everyone wants to earn a huge profit, and that only real estates can guarantee you as those are big deals to make, So I don't think investing all your money in bitcoins is the right idea, I think diversifying our investments in different products can make it much easier, So I would prefer to invest my money in real estate, gold and some in bitcoins.
Yes, building a portfolio approach to investing is the best. Consider the percentage allocation to bitcoins. It should be in low to high single digits, depending on your risk appetite. Another factor to take into account is your age. If you are young, you can afford to take bigger risks. |
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The ONLY reason a banking system would insist on abolishing cash is so they could eventually implement negative interest rates.
With negative rates, you pay the banks to hold your money. If there's no cash, then you don't have an exit from the system to preserve your asset value. This is the true end-game, and has nothing to do with customer convenience or saving anyone time. Its all about increasing their control over you.
I doubt that this move would succeed. People could always convert their assets to gold or real estate if this was fully implemented. Plus, interest rates in the end are influenced by politics. This would be a hugely unpopular step. |
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Actually you are wrong. Yes they would like to identify people behind transactions, but that is secondary objective.
Their main fear is that they cant control it, so you could move out trillions of $ in bitcoin and move it to another place, and crash your domestic economy. In terms of panic governments ban banks to allow foreign transfers to slow down economic crash.
If you are in a war zone you obviously want to cashout, send your money to another country, and leave the borders.
Governments will ban you cashing out, wont let you move your money out, and close the borders and not let you out.
Strong governments like the US don't care. You can move dollars out in any case. There are no capital controls. They will just go ahead and print some more. |
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Too much cash out there. There is an estimated cash of $670 Bn circulating outside the US.
Forcing people to surrender these would create chaos.
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If EU really target bitcoin as one of measures of frighting with terror then they are even dumber that I think. Bitcoin is less than 1% or even much less of total terrorists funds.
EU is simply want to look like they are doing something by pushing the papers in their office instead of doing some real fight.
They want to censor bitcoin, and financial freedom. Embrace capital controls folks. Like your avatar says. More than the movement of money, governments will be interested in identifying the parties behind each transation. That is one reason they could possibly go after Bitcoin. I don't think they will be interested in attacking bitcoin to prevent flight of capital. |
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