You have just explained how the process works which is not only peculiar to coinbase but all of the exchange site operating in the market. What Op is asking is that what is the usefulness of the private key if its possible for someone to convert bitcoin to cash without the need to submit it somewhere or verify it.

The simple and straightforward truth is that private keys are to establish ownership. When one wants to bid for a project and you are required to have certain amount of money in your account, there only way to verify that is to show a verifiable bank statements not your flashy cars, wristwatches, clothes or chains. The same thing here in the case of bitcoin while bank statements can be forged, bitcoin messages cannot ( to a large extent) and keeping funds on exchange sites does not give room for that.

What you are facing is normal and contrary to your thinking, you are not cursed. What I see you witnessing is not enough profit as you wanted. In trading, you need to get your mind ready for whatever comes next after you made the decision and never made the decision as to buy or sell unless you are ready to face it. The market is an open one where people buy and sell, the highest margin is not meant for one person but to be shared by several people in between and that is what make the market going.

You made 10% profit instead of 40% profit and you complaining, someone somewhere made less profit for you to even have access to buy in the first place and some people might have made 5% or loss. So live and let others live. You also want to open a website to announce your orders? Did you even consider the costs to get traffic to the website? You are not a pro yet so that will be difficult. You can can try open a thread on the forum in the relevant section to reduce cost.

With time and with much capital, that little percentage of profit could turn out to be massive stream of inflow to you if you are not greedy.

As at today, running a successful gambling site is not as simple as it is and even beyond the money required for the publicity and promotion, its takes serious hard work and consistency in trying to rank up as a site to reckon with among the several available in the crypto space no matter the way to go about it.

Not everyone can be a developer so also not every can be a gambling site owner just because I love gambling. Without adequate planning, you then realize that you would be the only one playing and winning against yourself. Any new site that wants to lunch now, aside the huge amount for promotion needed would also need a lot of proof to be trustworthy and that might take more than a year that's his unique the crypto gambling section is all about.

$297 is something affordable but beyond that, consider other cost before going forward.

Although I love your analysis which I am impressed about and also not saying that the market capitalization is perfect because there are several factors beyond the calculations but generally your calculations is not the way it works based on my submissions as follows:

1. Concerning the price you quoted in your example, the price that is being used to calculate the market capitalization is not the price you sold or the price your friend bought it but rather the average price of what its being bought in the entire market that is why several exchanges have different price they quote.

2. The amount that you sold to your friend has left you and not that the coins is being multiplied which means its still the same coin that is being valued. The coin remained the same while the average price has only changed. In essence, the real value of any commodity is what it can be exchanged now and not what it exchange last week or what it will exchange this week.

3. On the amount of coins in the vault, you can keep your coins and simply by holding it will lose value. In calculating market capitalization, every coins mined is valued whether traded or not traded. Just like fiat when Central Banks release the amount of money in circulation, it does not means they are all in banks but it the total of whatever we have in banks, private vaults, stores, wallet, pots, safes and even those buried underground or burnt.

The effect of crypto currency on individual country basis does not worth any attention a look at this analogy. The total crypto market capitalization is about $473,609,873,031 taking a United States as a country with a population of 323,000,000 breaking that down on the average to the whole population you will get $1,466.28 per individual. How do you expect that to then have effect on the economy of a country. If the argument is that the population of US is so high then we should consider dividing the entire market capitalization by the over 197 countries of the world.

The fact is crypto currencies are still emerging currencies in the world financials but all of the campaigns against it is because the future which agencies and government knows if it goes unabated might spell doom for the traditional market.

While what they did is largely wrong because of the threats that their actions pose to national threat and its properties because of connectivity to the internet, its still something that is worth to be harnessed in that in every facilities, major breakthrough, mines created, dams built, nuclear stations established, solar installations, alternative power supplies discovered, major oil rigs established, there is always a room for the mining of bitcoin and also cast a doubt on every assumptions and conclusions of people who have been carrying rumors that bitcoin mining is not sustainable because of the high amount of electricity that it needs but this has shown the way that even in our existing facilities bitcoin can be mined and run successfully just some tweaking needed.

Yesterday, after the resignation of the President of South Africa, the Rand gained some value because the economy and currency reacts to happenings around the political world. The same thing is applicable to bitcoin. If all of the news we are hearing against bitcoin as you have highlighted some of them coming from several countries at the same time, and bitcoin price continues to rise, then we need to be scared but it just answer your curiosities.

1. The bitcoin price is moving forward because after the storm comes the calm and those news have effect for a number of days. So far another major news didn't break that could cause another storm, the upward trend could be maintained.

2. Answering this would mean admitting that bitcoin is a burst in the first place but from recent happenings you can see that its just a reaction to recent happenings.

3. What you should do, is then dependent on you whether you want to join the winning side or still want to complain but be sure that whatever happens, you are solely responsible.

You want to trade without losing anything, just don't trade because its at that point you realise that all of your statistics, the announcement, the news, the ban, or even the delisting, does not apply you will still face the element of losing. However, if you want to minimise that, by letting go of the massive profit that could accrue from the trading of alt, you then need to focus on major coins starting from bitcoin, ETH, LTC etc. Buy now, then deicide whether you want to hold long term or short term. With that you are sure of neutralising the loss that could come with the pure reliance on alts.

Before you conclude that the compromise came from them, have you thought through about the possibility that you might have been one way or the other be responsible for the vulnerability? The reason is that you have been using this services before without any issue why now? Another is if they are really stealing your funds, then they would have not targeted you alone which means other people would have been victims as well which we are yet to see anyone coming forward. Try maybe you will find others in the same scenario.

Again, have you tried contacting the support of this service provider on the issue that happened when you used their services last and from their response, you it could either help you in reaching a conclusion about them being responsible or they are only trying to cover their tracks.

I think I should appreciate the amount of effort you put there in other to come up with something after the last one ended. But I actually have two reservations.

1. The basis for the arrival of the price of each account because the value arrived up there is .1186 for Hero account while Legendary account for .223 which is close to a thousand dollars and more than $1500 respectively. Who exactly do you expect to buy account at amount and even you yourself can you?

2. It is generally something on the forum that buying and selling of account is seriously frown at even though its still not outlawed but the era for which its useful has passed while the exact objective for having that in place has been outlived essentially. Now you created a model to value the price of account, are you contributing to the progress of the forum or dragging it backwards considering the amount of disadvantages this has generated that outweigh the whatever benefit this could bring.

Its unfortunate what the market has turned into and its not only based on your observation but what is currently happening. Today I see a lot of adverts all over in various public forums and groups with captions like 'get bitcoin for free by joining airdrops' all they need to do is register get the air drop the convert to bitcoin and cash out. This is not only leading to lots of capital flight in the market but also damaging its reputation because any venture that you don't have funds invested and some amount of risk attached, for all you care, it can collapse tomorrow.

I think the beginning of this is because of the advent of forks all over and the ability to create tokens from ETH without much effort. This give developers the room to get the popularity they want without having to spend a dime and cause people to either vote or asked the coin be listed on an exchange market and that settles it. But I am hope that this will pass too as anything free is just going to be ephemeral. There is no need to lose sleep over it.

There is nothing wrong in something appreciating in value and whinning about what people did in the past is something that we should do without, because even you that have the bitcoin today and sold to buy a car, in the next ten years the same amount you buy a car today, might be enough to buy a house and by then you would be like those set of people that pay 10000btc for pizza from your analogy. What should really matter is, the person that used it for pizza, how much did he get it for? If he/she got it for less the value, then he made profit no matter how much profit he would have made today.

I agree that people tend to over blow their effort based on the little popularity that they have enjoyed over the years and that is what IMF is doing. I also admit that there are millions of transactions being carried on under the radar and even some countries don't give any attention to whatever IMF or any of the world organisation is doing or says their own country interest comes first beyond any other thing.

However, there is also no reason not to just call bluff of what she is saying while IMF is the collaboration of Central Banks as you have noted, there could be some level of influence at that point. It is generally agreed that crypto needs to be regulated and when this is communicated at that point, it is then left for individual countries to determine how far they want to go in implementing that. Don't also forget, that all of international money processing organisations falls under the purview of the IMF which means that they could frustrate every activities otherwise or even sanction countries that violates this rules especially countries not among the super powers.

Also, a lot of people don't know the route to operate under the radar and that is where the effect will start being felt in the entire industry.

It would also be time if you would justify the reason why there is need for another version of bitcointalk. To be the best of my knowledge, the fact that we have several politicians does not mean the country then needs to have two presidents or two governors in a state.

There have been several other forums that have claimed to be another bitcointalk but unfortunately they are still struggling. If there is anything wrong that you see about the forum, you just need to suggest it while the developers that are so many here, can then find a way to implement such ideas if found worthy with the admin also implementing new innovative ways to make the forum better. We don't need version 2 just this one to make it better.

This is truly a big deal happening even though its not settled yet, but its a step in the right direction not only in Arizona, but the effect of its spread through out the United States and thereafter the entire world while the other countries that have initially banned crypto currency can begin to have a rethink when they realize the amount of revenue loss happening and the economic positive impact being lost as a result of that decision.

We however must not rejoice too much as we might end up still protesting against it eventually when we then see the details of the laws, the implementations, the rate of charging it and the punishment for violating any provisions of that law because if the article is not saying things about that, those are the silent features that will decide if its something we wanted or something we will have to do without.

Whether what he is saying is true or not, he is not in the right position to say that against bitcoin not because he is not knowledgeable about the subject matter, but because he lost the moral standing to do that for the fact that he has been convicted of manipulating the stock markets shows that he is not as smart as he seems.

However, from his submission, he is overtly saying that the moment volatility leaves the crypto world, its seems to be uninteresting which is something to ponder for everyone. No matter how much we want stability so that large organisations, multi-nationals can start accepting crypto currency, or even so the bitcoin can attain the status of legal tender, its is a point to note that the singular reason is why we are all still interested. Today, nothing would make me invest in the stock market and I hope the same thing wont happen to crypto eventually.

If this is effected, it is not only high but exorbitant which can be said to be suicidal. 55% even the highest I know of is 35% and that is for corporate organisations in which even the US government is reviewing its own downwards to ensure there is much more disposable income in the private sector and with that they can expand, create more jobs, and it turns to more money for government in form of taxes all over again.

What I am seeing here is a strategy by the Japanese government in the sense that, they want to allow crypto but dont want it to change their social order by giving more money to the hands of the individuals engaging in crypto because an 18 year old boy making the right decision in crypto can be a millionaire before 20, spread across the whole country means some level of independence which they might not be able to control if it circulate throughout the country and that is government losing their influence over the citizenry.

From my understanding, you are likely to be coming from the angle of a venture capitalist and an institution rather than from the position of an individual interested in investing in crypto currency. I would say there are several options available depending on the funds you are willing to part with but you should know as a matter of priority that there is not sure investment because of the risks embedded in any of the decision you are considering.

One of the option is financing a service by looking for a developer to make a solution then give you the control based on your idea or finance a developer who has a workable solution then decide on the share of profit.

Another option is to consider being part of an ongoing project for example a pre-ICO with potential with the amount of fund you have, you can command the attention of the promoters which might then own sizeable amount which makes you a key investor. Note all of these options requires adequate due diligence.

Reading the news is a good one though because to a large extent, its bringing some level of publicity to crypto community but its still not addressing the bone of contention and not going to be any different from the series of celebrities that have come out to declare support for one crypto currency or the other.

The publicity he is trying to garner is already there and his actions to me is more selfish because whether the results come or not, he is already taken care of. What really matters that people are interested in is the security of their funds and the guarantee that they won't wake up tomorrow to realize that their entire wealth has gone. Until then, every form or celebrity campaigns are just cosmetic approaches.

Decentralization is eventually the goal and eventually before we get to that point, I must say its not going to be an easy ride and the reason for that is the threat that it will pose the traditional way of doing things and government will not allow that without a fight and the fear is how strong the battle can hold before we all lose it or the population left are not enough to command the eventual victory.

Another fear I have is how to break the gap between the amount of regulation and decency required in other to ensure people play by the rules which cannot to a large extent cannot be guaranteed in a situation of people with different moral values, culture, orientation and education which if pushed further can defeat the entire purpose of decentralization.