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I used coinbase before until it took a day for them to release just 11BTC to an exchange where I do altcoin trading. Never used it again. Now use jaxx and blockchain
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mawawala ang bitcoin pag pinatay ang internet.
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firstly, the $12M is an estimate and those $25M are more than half back in circulation. the same concept that the gov used to trace the coins for the bust was used by a small team of coders several months later to trace them back into the "pool", just a choice of words and obviously not a pool.
but, let's pretend that the $12 is accurate and that it is not just a basically guessed at number using a few bits of data. let's lower it to $10 even. the standard economic law of 80/20/20/80 is slightly different off with BTC, but we can use that. That means that 20% of BTC holders have 80% of the BTC, or $8M worth. and that select group, while spread throughout the world and business is still pretty tight knit and many of them know each other. it is not hard to move money within that area of business.
as for bitcoins not being used for medium scale laundering, we personally have six clients that move numbers like that over the course of six months. we do this for several people that need discreet fund movement and true anonymity. one of the things we recently added as a layer of confusion is fee randomization. using a mixer as an example again, these public joke mixers use hard fees, like exchanges, and they are just taking people's money for nothing. say you tried to use an exchange and a top out, single layer humphrey mix. the exchange fee is 3% and you are trying to clean 10 BTC. the 10 BTC are on address 14XXXXXX, that address splits out of ten new generation addresses, at the same moment 50 other tx's fire totaling 40 BTC, total output for the timestamp range is 50 BTC plus 3%, so 51.5 BTC. grab a pen and paper and you can find the answer within hours, a computer can do it within seconds, 10 of those 50 TX's, when added will equal 10.1 BTC, watch those addresses and be guaranteed that over a period of time they will filter down to a few addresses if not one, and eventually one. that is a simple hump mix, but shows that a static fee is an issue.
we randomize the fee between 1.5 and 8 percent. in the end the client will never pay more than 5% average. 10 BTC at 1.5 percent is 10.15 and at 8 it is 10.8. when the real numbers are much bigger than that, the possibility range gets very big. add to that the use of several mix systems and many other tricks, combined with the fact that we are not out there on the internet advertising the services and we are nearly impossible to trace.
yes, i used a small amount just as an example because had i used a larger one like say $1B, where would you get that equivalent amount in BTC? but you mentioned that links with a select group of btc holders will make it possible and it can come from the bitcoin richlist https://bitinfocharts.com/top-100-richest-bitcoin-addresses.htmlso i suppose, yes, it could be done if owners in that bitcoin richlist are in on the laundering business... |
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i miss when psb price hit 0.0001 when we will see that price again?  maybe a price rally will follow the shift from PoS to PoSP  |
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5000XLTH how much in bitcoin?
What is this? A quiz? Or are you just to lazy to calculate? I won't be calculating anything because the answer is still nada, zero, zilch. The value is just dictated by the dev so until it is out and listed on a proper exchange, only then can its true value be known and calculated. |
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If someone wanted to move $1,000,000 using bitcoins, they would need about 1,428.57142857BTC if the exchange rate was $700 per 1BTC
Anyone with that much BTC? Let's say they'll get it from an exchange. Then that exchange would have to halt trading just to serve one order. That's just for $1M... So would moving a much larger amount be possible with bitcoins provided that the exchange rate is still pegged at $700-$800?
you don't move the bulk, you script the entire amount to move in smaller pieces. you are not paying more, the fee is a percentage, so ten 1 dollar tx's pay the same amount as one $10 tx. i used an exchange earlier as an example, but if you have $1M on an exchange, it is from trading and not dirty, or you moved it there for some stupid reason. the exchange has your private key and the only scripting you can do is possibly through an API. $1M dirty is in a wallet that you control and you have the ability to move it in bulk if you want, but you should be scripting smaller moves simultaneously exactly, for it all to be clean, don't move in bulk. but laundering is equated with moving large volumes of cash from one place to another. then with bitcoin, it won't be possible move really large amounts. and with billions of people all over the world wanting to move large volumes of money undetected, would bitcoin and/or other cryptos be their option? again, you simply manually script in all the transactions, move the "bulk" as thousands of small transactions, all at the same time, to different addresses. yes, i agree. you're all correct about covering tracks and i would do that too if i had that much supply to move. but that was not my point. my point is that there isn't much bitcoins to do that. how many people all over the world have bitcoins? who is the one person who holds the most amount of bitcoins? in 2013(?)... was that the silk road incident, when the US seized $25 million in bitcoins? whatever happened to those bitcoins after they were seized? does anyone know? so those seized bitcoins aren't in circulation anymore, right? And as of 2014, the total amount of bitcoins in circulation was 12 million (according to reports). How much is in circulation now? So if one person in Asia, wanted to move just a million dollars and then another in Europe wanted to move another million, where would these two get the equivalent amount of their holdings in bitcoins? To think that they aren't the only two all over the world who wants to discreetly move their funds somewhere else. There wouldn't be enough bitcoins because the coins are dispersed all over the world with only 12 million in circulation... |
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If someone wanted to move $1,000,000 using bitcoins, they would need about 1,428.57142857BTC if the exchange rate was $700 per 1BTC
Anyone with that much BTC? Let's say they'll get it from an exchange. Then that exchange would have to halt trading just to serve one order. That's just for $1M... So would moving a much larger amount be possible with bitcoins provided that the exchange rate is still pegged at $700-$800?
you don't move the bulk, you script the entire amount to move in smaller pieces. you are not paying more, the fee is a percentage, so ten 1 dollar tx's pay the same amount as one $10 tx. i used an exchange earlier as an example, but if you have $1M on an exchange, it is from trading and not dirty, or you moved it there for some stupid reason. the exchange has your private key and the only scripting you can do is possibly through an API. $1M dirty is in a wallet that you control and you have the ability to move it in bulk if you want, but you should be scripting smaller moves simultaneously exactly, for it all to be clean, don't move in bulk. but laundering is equated with moving large volumes of cash from one place to another. then with bitcoin, it won't be possible move really large amounts. and with billions of people all over the world wanting to move large volumes of money undetected, would bitcoin and/or other cryptos be their option? |
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If someone wanted to move $1,000,000 using bitcoins, they would need about 1,428.57142857BTC if the exchange rate was $700 per 1BTC
Anyone with that much BTC? Let's say they'll get it from an exchange. Then that exchange would have to halt trading just to serve one order. That's just for $1M... So would moving a much larger amount be possible with bitcoins provided that the exchange rate is still pegged at $700-$800?
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Para sa akin, sa tingin ko hindi naman mawawala si bitcoin pero tingin ko, pwede siyang maging centralized.
May nabasa kasi akong whitepaper ng isang crypto at nagdiscuss siya dun about algorithms. Di ba may proof of work (POW), proof of stake (POS), may hybrid, tapos may mga iba pa scrypt, etc.
So sabi dun yung mga coins na ang algorithm ay POW or proof of work, tulad ng bitcoin, mangangailan ng mga specialized computers para mag secure ng transactions at ng network and so mine bitcoins kasi reward nya yun para masecure ang transaction. Kung may sobrang yaman na magtayo ng mining farm dahil afford nya yung cost ng pagpapatakbo nun like electricity and powerful computers at lightning speed bandwidth, controlado na nya yung system.
So yung mga wealthy, makikipagcompete, matira ang matibay. Kung sino naiwang matibay, winner. Centralized na ang bitcoin.
Kaya, maaaring di mawala ang bitcoin, sa halip, maging centralized ito.
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I'd like to join the signature campaign; has it started already?
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Don't tell them anything they don't need to know. Nag reply naman ako agad na binigay ko na yan lahat dati and that I am an IT Manager of a small business. Eh, di tapos ang usapan. Hindi mo kailangan sabihin na nag trading ka, nag ICO, nag gambling, nag black market ng guns or drugs, o kung ano pa. Sabihin mo lang, I work as an employee in this company. Tapos.
You mean pati trading sa kanila bawal? So naka flag na ako sa kanila kung ganun?  Kasi di ba, meron yung pag nagsend ka, tatanungin ka pa kung para saan yun. Sasagutin ko lang poloniex or c-cex at cryptopia... Nawe-weirdan ako sa kanila eh. Bakit nila pinasok ang bitcoin exchange kung bawal lahat sa kanila yung areas kung saan at ano ang pinag gagamitan ng bitcoin? Tapos, pati yung issue ng money laundering. Ilan ba ang total bitcoins na nagsi-circulate? Kasi sa pagkaka-alam ko, sa total supply ng bitcoin na 21 million nga ba(?) controlled ang supply ng bitcoin at di lalampas ng 21M. Dun sa total supply, ang dami ng mga bitcoin owners ang nakalimot ng mga password nila kaya yung BTC nila locked lang sa wallet na di mabuksan. So unused at hindi nagsi-circulate. Sa lahat ng mga taong may bitcoins, sino ang may pinaka malaking holdings? So sabihin na lang natin yung mga exchanges. So dun sa total supply minus yung unused not circulating considered lost bitcions, ilan lang ang available bitcoins? Sabihin na lang natin kalahati ng 21 million... Yung remaining value, naka disperse, naka spread sa mga current owners ngayon. Tapos ang rate pa ngayon nasa 700-800$ na lang per BTC. So weird di ba na isiping magagamit siya for laundering money? Nakaka-confuse ba ako? Peace po sa lahat  |
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I received my reward last week . I think 5000lithium was arrived in my wallet. But did not recieve my free coin the op said after registered it will divided the funds for lithium everyday . many people not recieve free reward . I want to exchange my 5000+ lithium to bitcoin but I don't know where the exchanges site. Can anyone tell me where it is and give me update about lithium? And what do you think is the price of lithium? Thanks and godbless to us. I hope anyone answer my questions.
For updates, you can check the Lithium ANN thread https://bitcointalk.org/index.php?topic=1717241.0 Everyone's waiting for an exchange but if you're hoping to trade your lithium at known exchanges like yobit, ccex, poloniex, and the like, you can't. First page of the ANN thread says that the only exchange where lithium will be found is the one that the dev is creating  I don't see why he cant have lithium listed in any of the existing exchanges. He still lacks a white paper, and code, a has left so many questions unanswered. So, everyone's waiting... |
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Can transactions that got caught during the shift still be corrected? Like those coins being sent to the online wallet from the exchange for instance, pero di nakarating sa wallet? Would that be cancelled/return to the exchange wallet or diretcho pa rin sa online wallet? Thanks.
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The reason why phillipines will ban pesobit is that gov-t officials dont wanna be associated with virtual currencies that are controlled and exploited by criminals and money launderers.
So you're saying that pesobit is "controlled and exploited by criminals and money launderers"? It's like saying that the dev is a criminal and a money launderer and that the pesobit investors are criminals and money launderers as well. That's a very harsh, unsubstantiated allegation. You need to provide evidence and justify your statement so you don't get into trouble with someone. |
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I'm looking at my wallet and balance is correct but transactions disappeared likewise. transactions wiped clean as well, transaction counter displays zero transactions. was that done on purpose? or is it a bug? can't say that the online wallet is down for maintenance because we can still log in and the balance is still there... now this is completely anonymous no transaction hash to follow |
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avaialble on any exchanges right now?
since the ico is launched
looks like it won't be available at any of the known exchanges. really, guys. please read first page of this announcement. it's all there. i can't post image here yet because of my newbie rank, so please go through the dev's announcement. look for the part about the "exchange" |
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No offense ha, pero depende siguro sa pananaw ng tao kung gaano kahalaga si bitcoin. So kung para sa iyo eh pang small time lang si bitcoin at di siya papansinin ng mga politiko, then maliit lang ang tingin mo kay bitcoin. Pero kasi ako, ang tingin ko kay bitcoin ay parang ginto. Saan ka makakakita ng ginto na napakadaling dalhin kahit saang lupalop ka ng mundo mapadpad ay madadala mo at anytime mangailangan ka ng pera, ay madaling gawing fiat? Saan ka makakakita ng ginto na kahit gaano karami, ay madadala mo kahit saan ka pa magpunta? Saan ka makakaita ng ginto na kahit kanino mo ipasa, walang sangkaterbang papeles ang kailangan mong pirmahan para maipasa - ibig sabihin, less hassle. O di ba, ang ganda? Madali lahat, skies the limit pag dating sa mga transactions. Ang charges, mura lang at hindi ka ma-trace dahil anonymous ka. Ang forex, hindi anonymous. Ang funds nyan naka tie sa bank. So yung mga politiko, off shore ang mga accounts nyan para kapag kumita forex nila, dun sa mga offshore accounts nila papasok dahil kung dito yun, unexplained wealth, makukulong sila. Sa bitcoin, walang ganyan. So malaki ang possibility na gagamit sila ng bitcoin dahil si bitcoin, hindi barya barya lang. Gold eh, bulto bultong gold that fits in your pocket |
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Well here's another answer and I'm quoting from frankly1... So bitcoin won't make banks disappear. Banks will want to learn more about bitcoin and the blockchain and use it to their advantage |
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pseudo-anonymous nature of the vast majority of digital currencies
Bitcoin and other cryptocurrencies are pseudonymous, not pseudo-anonymous. ... They actually mean the same thing and you can use either terms as they mean the same thing - masked or disguised identity; in crypto world, you're only identified by the wallet address, transaction ID, or hash assigned to your transaction and not identified by your real name. That's pseudo-anonymous or pseudonymous chill, mates  |
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