Blockchain wallet is definitely safe as long as you are aware of something wrong. And regarding hard fork on August 1st, there's nothing to worry as all you have to do is doing nothing during that day, do not send or receive payment in bitcoin form, just use other coins or cash. But, there are some features of blockchain wallet which is detrimental for bitcoiners such as they've set high fees to send bitcoin and it doesn't support or hard to export private keys. You may try https://github.com/OmniLayer/omniwallet/wiki/Exporting-Private-Key-from-Blockchain.info-and-Importing-to-Omniwallet.org |
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This can't be possible since BitMixer closed his services last week, and it's not possible to mix anymore. You probably fall for a fake version of the site like bitmixor.io which means that your funds can not get recovered anymore. Sorry for your lost. https://bitcointalk.org/index.php?topic=2042470.0I have checked it, and you're right man, there's another version of bitmixer and it is bitmixor, maybe scammers. Since it almost 22 hours, I would like to hear about Op explanation, how could it happen? Are you sure you sent it to bitmixer? As it can't be, because there's no any service anymore as they said; We stopped our service. Please read why
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You have to decide, whether bitcoin for trading or long term savings.
Bitcoin price will always fluctuate and some people decide to take advantages from unstable prices, buy now and sell at higher point.
If you don't want to worry about bitcoin price that fluctuate a lot, than set your clock for certain time and let bitcoin safe in your wallet, because bitcoin price seems to rise as time goes on.
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To be clear, I want to be able to exchange ETH for BTC on August 1st.
Gdax states no withdrawls or deposits, and potentially suspend trading. What about using shapeshift or polo to do exchanges? If there is a big delay is the rate at time of execution guaranteed? I am willing put a few coins in more than 1 exchange to increase my chances of success. I'm hoping for a dip in BTC and bump in ETH and then BTC settles at a higher value after a few days.
I do not know about Poloniex but most exchanges won't enable bitcoin transaction, I think you can buy bitcoin on exchanges but not to transfer it out of the exchanges. Here some list about exchanges statements https://news.bitcoin.com/how-exchanges-plan-to-deal-with-a-possible-august-1-fork/But after read about Kraken statement, it seems we have to wait until hard forks are clear.
- Bitcoin (XBT) funding will be halted at 11 am UTC and resumed sometime after the fork when it is safe to do so
- Trading will continue across the fork, but we may need to halt trading briefly around the time of the fork so we can adjust balances and add pairshttp://blog.kraken.com/post/1150/bitcoin-cash-and-a-critical-alert-for-bitcoin-margin-traders/ |
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People won't take the risk during August 1st hard fork and better to hold private keys obviously.
As coinbase do not support bcc and Kraken support it, people will hold their private keys in order to get bcc when it launched.
Then store it into kraken to cash out free money, or move bitcoin from coinbase/wallet into Kraken, but beware of hard fork.
People tend to sell bcc I guess, instead of miss the opportunity to get big amount of money, and Kraken should be prepared to pay them.
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I created this little site http://cryptotimeline.com to me learn and educate other people about the important events that got us where we are today with blockchain technology and cryptocurrency (not just bitcoin although it starts with bitcoin  . The code of the site is all open source https://github.com/surfer77/CryptoTimeline and looking help crowdsourcing the events that happened, if anyone find the site useful you can click on the contribute button. I am trying to crowdsource some of the info because I am not an expert, I started the site today and will keep adding information myself... please mods if this is not allowed here for some reason, let me know and I will delete immediately but since its open source I thought maybe the community will find it useful. Quote for reference. I am amazed, just checked your site and I found it really interesting and helpful for everyone who wants to refresh their memories about bitcoin timeline. And current process - latest timeline on November 2011 right. Can not wait for the next update, keep your work and good luck, I will find something to add on your site. Thank you very much, I am glad to find this thread https://bitcointalk.org/index.php?topic=137.0 a momentum of bitcoin. |
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Everything in economics world will gain more value if the demand increases even more from time to time.
Bitcoin has that potential to increase obviously, but to make it happen, just like"the founder" idea to make bitcoin as digital currency - electronic cash (Bitcoin: A Peer-to-Peer Electronic Cash System). So, if more merchants/retailers accept bitcoin, it's more than enough to give benefits for us who use bitcoin.
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If btc is split in two different coins on August,which one going to have more value?The coin with lesser support because it will be new people may want to buy more or is it the bitcoin with major support in terms of hashing power?
BTC (Segwit2x) = Major chain BCC (bitcoincash with larger blocks) = Minor chain because only few miners are backing them. BCC is just another bitcoin clone or another altcoin that will be only listed as altcoin in most of the trading platforms. FYI : bitcoin won't split in two different coins, only one bitcoin and another is just an altcoin, BCC. I will vote for BTC segwit not segwit2x because segwit has more support than segwit2x obviously, look at https://coin.dance/blocks ; segwit BIP141 gain more than 99% support. Of course miners (majority) will signaling for segwit or bitcoin, not bcc. After fork, bitcoin price may drop back to $2300 but I doubt fall below $2200 as segwit will be implemented on November. The first and original option was proposed by the Bitcoin Core development team. Their SegWit code, defined by BIP141, activates if 95 percent of hash power within a single difficulty period of about two weeks signals readiness before November 15th.
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Bitcoin fork on August 1st is just an issue to pull down the price before segwit be activated, because after segwit activated bitcoin price should skyrocket such as litecoin did few months ago from $3 to $50. Imagine how much bitcoin could achieve after segwit activated, from $2700 to limitless possibilities maybe $5000 for the next check point. For now, I think bcc is the last effort from investors to create issue in order to make bitcoin price drop back a little bit, maybe to $2500 again.
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Until this point, I only knew some exchanges paltform which stated to support bcc : Viabtc, Bitfinex and Kraken ( http://blog.kraken.com/post/1150/bitcoin-cash-and-a-critical-alert-for-bitcoin-margin-traders/) But, there's no any wallet mention about bcc support, they just said as long as you have private keys, then bcc is yours as well. Bitcoin cash may has certain wallet and for now only on those exchanges, but not same as bitcoin wallet for sure. I assume that BCC is an altcoin which traders will happily to sell it, so if bcc developer want to, they will create Android wallet for it. |
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Invest on cloud mining is not worth, even though you launched ico to fund the project, as long as the idea or the implementation isn't going so well, your tokens will has small or no value at all.
For example, you have mentioned about ICOs phase :
Phase 5: 10,000 tokens for sale at BTC 0.016 (USD $42.56 if paying by Credit card)
All funds will be invested into mining contracts, adding approx. $1891/daily for coin holders, bringing the total daily earnings to approx $3703 for coin holders.
Maximum activated memberships: 60,000. Earnings $3703/day. Earnings per Membership: $0.061 daily, or $1.85 monthly
Invest $42,56 or BTC0.016 but it just give return $1.85 monthly? It takes 2 years before people get their funds back as much $44.4
It's not worth at all, as I can hold my BTC0.016 right now and it will grow even bigger than just $44.4 in 2 years later.
Get it?
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Do you know on August 1st, not only bitcoin cash that will be launched but BIP148 as well? It seems segwit2x is just a bait to activate segwit, check at https://coin.dance/blocks where BIP141 gain over 99% miners support. So, segwit2x won't implemented but segwit will be, I just hope it could resolve bitcoin problems and become scale solution to attract more adopters will join into bitcoin community. In that case, bitcoin price should be increase significantly after segwit activated, and I think bitcoin cash is just another way to create speculation to cause panic sell, if bitcoin price fall down again. At least we know to buy bitcoin whenever discount appears. |
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I've heared that in some countries people have to pay the income tax after buying fiat for their bitcoins. Anyone faced such problem? If yes then how you deal with it in your country?
At one point of view bitcoin is an instrument for investment so ppl buy it willing to get income in their currency.
At the other point it is a currency and it might be used with a purpose of saving. In this case the tax would be stupid.
Yes, most people invest on bitcoin in order to get profits but there are some things that you have to pay as well such as bitcoin transaction fees and exchanges fees to withdraw. If an exchange has deposit fees, then it doesn't make sense, do not deposit at there. If a country stated you have to pay tax if you buy bitcoin, what can you do to avoid that? Just pay it. Or looking for someone who wants to sell bitcoin, so you don't have to pay exchanges fees or tax. Fortunately, in my country there is no such regulations, and all we have to pay is withdraw fiat currency on exchanges. |
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May I ask few questions?
- The name of your gambling project?
- ever made a thread about your gambling site for promotion?
- How much, minimum amount to invest on your project? And how much do you need for this site start working?
- How could people trust to invest if you just show them the website? It could be copy paste codes.
- Do you know about bankroll? People will invest on your website if they feel it is legit and profitable, but you should launch it before, then people could try to play on the website.
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Do you guys here believe in the split and in significant consequences?
Split or not, there will be consequences, but it will just be a margin and we will not fell the effect. Price could drop as well, but it will regain soon so don't worry. If you are too worried then you should sell all your bitcoins and probably buy after Aug 1. Today is 7/29 but the price has rally to new levels in 24 hours reaching as high as $2800. So people has still faith and trust in bitcoin that's why they are still getting it even we are just less than 3 days before the looming split. UAHF to create bcc isn't a split, it just a copy of bitcoin with some advantages such as bigger blocksize up to 8M, but people recognize it as altcoin even though it seems similar with bitcoin. And there is BIP148 on August 1st as well, depends on miners signaling segwit, but the split more likely will not happen as BIP91 seems stable right now, in other words split just an issue to spread bad news to make panic sell which is on July 16th reach the lowest point at $1800. There is no split, there is no consequences obviously. so, I guess bitcoin price in the end of this month will be stable over $2700. |
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Is it a coincidence current bitcoin price ($2573) plus the speculated price of the upcoming bitcoin cash ($453) is just above bitcoin all time high (Combined $3026 compared to all time high approx $3000)?
Is the valuation of bitcoin cash already included in current bitcoin price? If that's the case, then it might not change much on aug 1. My experience is that known upcoming events often are included in price long before it actually happen.
you are computing it before the fork event. no one shall know what will do after the fork... you could have BTC+BCC=6000$ or BTC+BCC=60$ no one can know it Yes, we do not know for sure about the price, but it's likely that bitcoin price will increase and BCC may has huge dump or stuck somewhere until people realize if it is a good coin, maybe yes or maybe no at all. During this week after BCC news has been spread widely but it has no significant impact for bitcoin price, even though it had dropped slightly around $2500 but bitcoin price already recover again over $2700, it may reach $3000 on August. |
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I'm glad it looks like very few companies/organisations are supporting this shitcoin. It's getting the exact level of support it deserves ----> minimal.
I completely agree. Anyway, some of the most respectable exchangers like Bitstamp and Poloniex will not support it and that is the clear message for it. But some users hope they could earn some free money on it, that would be very interesting to see. Looking forward for August 1. I would like to cash out if local exchanges in my country listed BCC but it seems they won't do that. Because it will cause massive dump from people who want easy profits or people who don't trust bitcoin cash, not want it influence bitcoin price. Overall, we do not have to worry about BCC and let it join into the market because in the end bitcoin will always be the best cryptocurrency, others are just altcoins. |
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Is Capitalism flawed? I used to believe that Capitalism solves issues, but if I really look around me, it actually only creates more issues that were not here before.
~snip~
It looks to me like Capitalism is flawed. Nobody has any money and everyone is suffering. I think a universal income must be implemented as fast as possible.
That's how the world works these days because some people, let's call them "global elites" who control world economics through banks systems, they want to make it happen. Most of countries in this world have debts to bank, and that's how they are doing something such as pushing countries to regulate or give them profits from agreements. Do you know how much USA debt to private central bank? More than all of US dollars in circulation. |
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Since you've mentioned about darknet and FBI, makes me wonder in which country was Chip Mixer established?
There are some exchanges that avoid US regulations about high taxes and decided to move out of the state, and there maybe there are some countries that have less strict rules.
I do not recommend to move the Chipmixer base, but as long as we do such fair business without illegal activities such as money laundering, then it should be fine.
The thing with anonymous mixers such as the late BitMixer and the current ChipMixer is that there is absolutely no way to tell if money is being laundered. The blockchain could be analyzed to find similar inputs or outputs that could relate back to money laundering, but nothing is really certain. The way ChipMixer works at least basically makes analyzing the transactions for relations impossible, which means that identifying this is practically impossible. In turn, this makes governments not like it since illegal activity *could* be happening but there is no way to prove it. Because of this, regulations may be created to limit mixing activity or classify it itself as flat out money laundering itself. So as you see it's not only about there existing illegal activity, but also the potential for it. You're right, bitcoin couldn't be traced after mixed, and that's why Government could push another mixer to shut down, maybe. There's no way to track down money laundering if they use bitcoin and cash to transact without using exchanges and bank services. |
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If someone is afraid to be shut down from their servers by governments, I'd like to suggest hosting servers on decentralized domain services if there
Are any? or do we really need something like Bitcoin? being strong enough with enough network spread to render any government unable to shut down.
Another solution could be hosting servers on a country where US government, or any western governments couldn't reach like Iran. <hint
Iran is not an option I guess, maybe in Panama or Hongkong are better. Not so sure about the regulations. ChipMixer, have you considered adding a warrant canary? It would be good to have a "defense" against this type of thing, so your users can know if something happens. After FBI operating child pornography website and darknet market Hansa for weeks, do you still believe warrant canaries? They do not play by the rules anymore. Since you've mentioned about darknet and FBI, makes me wonder in which country was Chip Mixer established? There are some exchanges that avoid US regulations about high taxes and decided to move out of the state, and there maybe there are some countries that have less strict rules. I do not recommend to move the Chipmixer base, but as long as we do such fair business without illegal activities such as money laundering, then it should be fine. |
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