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Where in China and how much money? There are many autonomous regions and special administrative regions in China with different laws. If you want to send to Hong Kong, there are 12 bitcoin ATMs in Hong Kong.
Saying you need to send bitcoin to China is like saying you want to send bitcoin to Europe or North America. Be more specific.
http://coinatmradar.com/
2 ATMs in Beijing, 1 in Shanghai, 5 in Macau, 2 in Shenzhen.
Saying you need to send bitcoin to China is like saying you want to send bitcoin to Europe or North America. Be more specific.
http://coinatmradar.com/
2 ATMs in Beijing, 1 in Shanghai, 5 in Macau, 2 in Shenzhen.
~Hi folks on ythe forum
first i would like to apologize this message in english here in this topic, but i need infomation about how to send big amounts of bitcoin to a china person.
i read about the clamp of the govern, but how difficult is to exchange bitcoin to yuan?
there still some banks who do this exchange? or only by the echangers?
can anyone help?
tks in advance
so here i go again.
i would like to thanks the people of the forum for the replys.
i m not doing anything illegal, i´have to pay some contractors in china, and i like something more easy and without much taxes that the banks usualy charge. pretty straighforward Smiley
i allready have done some payments for people on europe and america, and it was without any troubles. just nedeed to research the china market, and nothing best that opnions from users of the bitcoin in china.
i think i ll try some exchanges who permit the account to be linked.
anybody there in china have some to indicate?
thanks very much for the replys Smiley
first i would like to apologize this message in english here in this topic, but i need infomation about how to send big amounts of bitcoin to a china person.
i read about the clamp of the govern, but how difficult is to exchange bitcoin to yuan?
there still some banks who do this exchange? or only by the echangers?
can anyone help?
tks in advance
so here i go again.
i would like to thanks the people of the forum for the replys.
i m not doing anything illegal, i´have to pay some contractors in china, and i like something more easy and without much taxes that the banks usualy charge. pretty straighforward Smiley
i allready have done some payments for people on europe and america, and it was without any troubles. just nedeed to research the china market, and nothing best that opnions from users of the bitcoin in china.
i think i ll try some exchanges who permit the account to be linked.
anybody there in china have some to indicate?
thanks very much for the replys Smiley
Re: Get your own Alt-Coin | X11/X13/X15+PoS,Scrypts PoW/PoS,Wallet design | Learn
PM'ed you 2 days ago Oct 10 with a price request for a custom coin. Please reply.
PM'd you just before regarding a question.
Reply sent!
Been busy lately with some projects. Ready for more orders 
PM'd you just before regarding a question.
Reply sent!
I totally agree with you NOW as someone who now understands crypto, BUT back in 2011, when I was a layman, I saw the crappy cartoon video and thought, "This is crap, man. Don't pay me in crappy shitcoin, Gimme dollars!" The cartoon video went too much into the nerdy mechanics of it while the 2nd video was more humanistic. It talked about how it would disruptively revolutionize money on a global scale. I am a human being. I need a humanistic explanation, not a nerdy "how it works" video.
Some guy in my church told everyone to invest in bitcoin back in 2011. He just told people the nerdy mechanics of it and told people how it worked. Nobody listened to him. People thought he was crazy. I joined this church recently and told people a humanistic explanation of why bitcoin is so important and half a dozen people immediately asked me to drive them to a bitcoin ATM. These 6 people also used all or some of their bitcoins to buy Monero.
I am not blaming the video for not investing in 2011. I am asking you guys to explain bitcoin and monero in a humanistic manner while glossing over the mechanics of how it works in order to get more people on board and using bitcoin (and other cryptos like Monero).
LOL yeah blame the video for you not investing. <----- the lesson of why not to judge a book by its cover.
Seriously the video could have been two guys holding up cut out paper puppets attached to chopsticks doing a play to explain what and how bitcoin works and why it matters and I would have still saw the importance.
"Better video"? I thought the we use coins video make the message perfectly clear the FIRST time I watched it.
It is the same reason that I support Monero. Its interface make look like crap (CLI) but it does something important very well.
The makeup and lipstick will come.
Some guy in my church told everyone to invest in bitcoin back in 2011. He just told people the nerdy mechanics of it and told people how it worked. Nobody listened to him. People thought he was crazy. I joined this church recently and told people a humanistic explanation of why bitcoin is so important and half a dozen people immediately asked me to drive them to a bitcoin ATM. These 6 people also used all or some of their bitcoins to buy Monero.
I am not blaming the video for not investing in 2011. I am asking you guys to explain bitcoin and monero in a humanistic manner while glossing over the mechanics of how it works in order to get more people on board and using bitcoin (and other cryptos like Monero).
Yup, back in 2011, I saw the "we use coins" video and thought that bitcoin was crap because the video was crap. Now, I wish I bought back then because I would've made a tidy profit. It was at less than $10 per BTC when I saw the video and it was at over $1000 when I saw bitcoin next on the internet. Why didn't the "we use coins" guys make a better freaking video?!
Crap "we use coins" video: https://youtu.be/Um63OQz3bjo
Video that caused me to invest in Bitcoin and later other cryptocurrency: https://youtu.be/rzKdW-au110
Nobody learns of something then buys it the very next day. When I first heard of Bitcoin in 2011 I was interested, but had no money to invest. When I finally made the decision to buy some in 2012, it still took a few months to do research on how to buy it, how to use it, then finally buy it. If some new people are interested and learning about it, that's all that matters now.
Crap "we use coins" video: https://youtu.be/Um63OQz3bjo
Video that caused me to invest in Bitcoin and later other cryptocurrency: https://youtu.be/rzKdW-au110
I was checking the prices to see if a person was really trying to go "all in" on what americanpegasus was selling/marketing, and it only went up a cent... No matter, I believe that if a majority of them start reading more into it and seeing what's at stake, then I think they'll start slowly buying into it. I think most of them know that the price of any altcoin isn't going to skyrocket when the GUI isn't even out yet, like what americanpegasus pointed out in one of his answers.
Nobody learns of something then buys it the very next day. When I first heard of Bitcoin in 2011 I was interested, but had no money to invest. When I finally made the decision to buy some in 2012, it still took a few months to do research on how to buy it, how to use it, then finally buy it. If some new people are interested and learning about it, that's all that matters now.
LOL yeah blame the video for you not investing.
<----- the lesson of why not to judge a book by its cover.Seriously the video could have been two guys holding up cut out paper puppets attached to chopsticks doing a play to explain what and how bitcoin works and why it matters and I would have still saw the importance.
"Better video"? I thought the we use coins video make the message perfectly clear the FIRST time I watched it.
It is the same reason that I support Monero. Its interface make look like crap (CLI) but it does something important very well.
The makeup and lipstick will come.
I'm paying the premiums on the initial batch of coins. Miners will pay a percentage of their mining profits as premiums later.
I really want to do away with the volatility that keeps merchants away from crypto. Even merchants that accept bitcoin, immediately convert to fiat using a service like Conbase. Since the various cryptos are freely convertible without KYC/AML limits because it is not "money" (as defined by legal tender status), it won't take the place of bitcoin, but augment it as part of the ecosystem. Bitcoin may even copy me and put my coin out of business, which is also good for me because I'm holding bitcoin and hedging my bets.
So, 3 things that make this coin unique;
1. no volatility due to features in the code itself. The value of the coin goes up predictably in value, slowly, no peaks and crashes. the wallet will have a decentralized crypto exchange built in. this wallet will have features that will make the price less volatile. no danger of getting Goxed because it is a decentralized wallet that has a crypto exchange built in.
2. privacy and easy/fast to use, just like Monero. you don't have to wait for coins to get "mixed" like Dash, dark wallet, or DNM mixers.
3. value is insured from pump, dump, and abandonment. Even Bitcoin is in danger of this as none of the miners' profits are diverted to the devs. Devs are important! They should get paid. Even if I, the creator, abandon the project, I will not be "dumping" the coin because the dev is not me, but the devs will be perpetually paid by a portion of the miners' profits. There will be people lining up to be devs once the coins starts rolling. I just need to pay to get the first dev to create the coin to get it rolling.
4. I am trying to decide if there will be a premine or not. If I decide there will be a premine, it will be totally transparent. No sneaky premines. I will let all know exactly what is the premine and you can decide whether or not it is acceptable before you start in the project. No sneaky premines. Or I might not do a premine at all. I just need to run some numbers to see if I'll lose money in the whole deal if there is no premine. If I can make enough to recoup my initial investment as a regular miner just like you, then I'll forego the premine.
P.S. I already have lots of people asking me if they could underwrite the insurance policies. The problem is finding talented devs. I've contacted the shitcoin devs on this forum but got no replies because they are NOT real devs who can code a new coin or even change the code on an existing coin. They just clone shitcoins by brainlessly hitting the copy and paste buttons. I know this because nobody has PM'ed me back. C' mon. where are the real devs? I need someone who can alter and add to the code on the Monero coin, not just a shitcoin cloner.
I really want to do away with the volatility that keeps merchants away from crypto. Even merchants that accept bitcoin, immediately convert to fiat using a service like Conbase. Since the various cryptos are freely convertible without KYC/AML limits because it is not "money" (as defined by legal tender status), it won't take the place of bitcoin, but augment it as part of the ecosystem. Bitcoin may even copy me and put my coin out of business, which is also good for me because I'm holding bitcoin and hedging my bets.
So, 3 things that make this coin unique;
1. no volatility due to features in the code itself. The value of the coin goes up predictably in value, slowly, no peaks and crashes. the wallet will have a decentralized crypto exchange built in. this wallet will have features that will make the price less volatile. no danger of getting Goxed because it is a decentralized wallet that has a crypto exchange built in.
2. privacy and easy/fast to use, just like Monero. you don't have to wait for coins to get "mixed" like Dash, dark wallet, or DNM mixers.
3. value is insured from pump, dump, and abandonment. Even Bitcoin is in danger of this as none of the miners' profits are diverted to the devs. Devs are important! They should get paid. Even if I, the creator, abandon the project, I will not be "dumping" the coin because the dev is not me, but the devs will be perpetually paid by a portion of the miners' profits. There will be people lining up to be devs once the coins starts rolling. I just need to pay to get the first dev to create the coin to get it rolling.
4. I am trying to decide if there will be a premine or not. If I decide there will be a premine, it will be totally transparent. No sneaky premines. I will let all know exactly what is the premine and you can decide whether or not it is acceptable before you start in the project. No sneaky premines. Or I might not do a premine at all. I just need to run some numbers to see if I'll lose money in the whole deal if there is no premine. If I can make enough to recoup my initial investment as a regular miner just like you, then I'll forego the premine.
P.S. I already have lots of people asking me if they could underwrite the insurance policies. The problem is finding talented devs. I've contacted the shitcoin devs on this forum but got no replies because they are NOT real devs who can code a new coin or even change the code on an existing coin. They just clone shitcoins by brainlessly hitting the copy and paste buttons. I know this because nobody has PM'ed me back. C' mon. where are the real devs? I need someone who can alter and add to the code on the Monero coin, not just a shitcoin cloner.
I know that your intentions are are probably good, but if the only thing that this coin will offer is an insurance policy that nobody will underwrite (and believe me. Nobody will underwrite it), it doesn't have a chance. Even if a miracle does occur and you do find an underwriter, who will pay the premiums?
"As a hypothetical oversimplified example "
I am not proposing a 1 BTC per year insurance for 5 BTC loss. This is just a hypothetical example. The going rate of insurance will be determined by the free market.
When the real estate bubble burst, AIG had to be bailed out because they were insuring banks against loss from all the sub-prime mortgages. Sub-prime mortgages are by far a lot less risky than altcoins. I think your rate of 1 BTC per 5 BTC is incredibly low. The proper rate would be more like 4.9 BTC per 5 BTC per year.
I am not proposing a 1 BTC per year insurance for 5 BTC loss. This is just a hypothetical example. The going rate of insurance will be determined by the free market.
Peer to peer insurance using multisig. As a hypothetical oversimplified example only (not how I would actually implement it in code);
1. I pay the insurer 1 BTC per year to insure against a loss of 5 BTC. The insurer knowingly takes on this risk in order to make the 20% annual profit.
2. If it is a "scam", then the insurer will pay the investor 5 BTC.
3. If it is honest, then the insurer will pocket a nice 20% profit.
4. Insurance will be with BTC multisig. Notice how the insurance is not in altcoin, so you are insured against altcoin collapse.
This separates the financial risk of the investment being a "scam" from the equation.
Notice how I also said the insurance will be kinda like the FDIC. You will not be insured against rise and fall of the altcoin's value. You will only be insured against a total collapse of the coin as a result of an irresponsible pump and dump. The FDIC doesn't insure against loss of value through dollar inflation. It doesn't even insure against loss of all your money. FDIC only insures retirement funds up to $250k and other funds up to $100k. If you have 1 million dollars, and the bank goes kaput, you'll only be able to recover $100 to $250k. I will only insure investors' wallets up to a certain amount for free. If you want more insurance, open several anonymous wallets (so that no wallet is over the insured amount) or pay for additional insurance yourself.
1. I pay the insurer 1 BTC per year to insure against a loss of 5 BTC. The insurer knowingly takes on this risk in order to make the 20% annual profit.
2. If it is a "scam", then the insurer will pay the investor 5 BTC.
3. If it is honest, then the insurer will pocket a nice 20% profit.
4. Insurance will be with BTC multisig. Notice how the insurance is not in altcoin, so you are insured against altcoin collapse.
This separates the financial risk of the investment being a "scam" from the equation.
Notice how I also said the insurance will be kinda like the FDIC. You will not be insured against rise and fall of the altcoin's value. You will only be insured against a total collapse of the coin as a result of an irresponsible pump and dump. The FDIC doesn't insure against loss of value through dollar inflation. It doesn't even insure against loss of all your money. FDIC only insures retirement funds up to $250k and other funds up to $100k. If you have 1 million dollars, and the bank goes kaput, you'll only be able to recover $100 to $250k. I will only insure investors' wallets up to a certain amount for free. If you want more insurance, open several anonymous wallets (so that no wallet is over the insured amount) or pay for additional insurance yourself.
When the real estate bubble burst, AIG had to be bailed out because they were insuring banks against loss from all the sub-prime mortgages. Sub-prime mortgages are by far a lot less risky than altcoins. I think your rate of 1 BTC per 5 BTC is incredibly low. The proper rate would be more like 4.9 BTC per 5 BTC per year.
Yup, back in 2011, I saw the "we use coins" video and thought that bitcoin was crap because the video was crap. Now, I wish I bought back then because I would've made a tidy profit. It was at less than $10 per BTC when I saw the video and it was at over $1000 when I saw bitcoin next on the internet. Why didn't the "we use coins" guys make a better freaking video?!
Crap "we use coins" video: https://youtu.be/Um63OQz3bjo
Video that caused me to invest in Bitcoin and later other cryptocurrency: https://youtu.be/rzKdW-au110
Nobody learns of something then buys it the very next day. When I first heard of Bitcoin in 2011 I was interested, but had no money to invest. When I finally made the decision to buy some in 2012, it still took a few months to do research on how to buy it, how to use it, then finally buy it. If some new people are interested and learning about it, that's all that matters now.
Crap "we use coins" video: https://youtu.be/Um63OQz3bjo
Video that caused me to invest in Bitcoin and later other cryptocurrency: https://youtu.be/rzKdW-au110
I was checking the prices to see if a person was really trying to go "all in" on what americanpegasus was selling/marketing, and it only went up a cent... No matter, I believe that if a majority of them start reading more into it and seeing what's at stake, then I think they'll start slowly buying into it. I think most of them know that the price of any altcoin isn't going to skyrocket when the GUI isn't even out yet, like what americanpegasus pointed out in one of his answers.
Nobody learns of something then buys it the very next day. When I first heard of Bitcoin in 2011 I was interested, but had no money to invest. When I finally made the decision to buy some in 2012, it still took a few months to do research on how to buy it, how to use it, then finally buy it. If some new people are interested and learning about it, that's all that matters now.
Peer to peer insurance using multisig. As a hypothetical oversimplified example only (not how I would actually implement it in code);
1. I pay the insurer 1 BTC per year to insure against a loss of 5 BTC. The insurer knowingly takes on this risk in order to make the 20% annual profit.
2. If it is a "scam", then the insurer will pay the investor 5 BTC.
3. If it is honest, then the insurer will pocket a nice 20% profit.
4. Insurance will be with BTC multisig. Notice how the insurance is not in altcoin, so you are insured against altcoin collapse.
This separates the financial risk of the investment being a "scam" from the equation.
Notice how I also said the insurance will be kinda like the FDIC. You will not be insured against rise and fall of the altcoin's value. You will only be insured against a total collapse of the coin as a result of an irresponsible pump and dump. The FDIC doesn't insure against loss of value through dollar inflation. It doesn't even insure against loss of all your money. FDIC only insures retirement funds up to $250k and other funds up to $100k. If you have 1 million dollars, and the bank goes kaput, you'll only be able to recover $100 to $250k. I will only insure investors' wallets up to a certain amount for free. If you want more insurance, open several anonymous wallets (so that no wallet is over the insured amount) or pay for additional insurance yourself.
Good luck getting that policy underwritten.
1. I pay the insurer 1 BTC per year to insure against a loss of 5 BTC. The insurer knowingly takes on this risk in order to make the 20% annual profit.
2. If it is a "scam", then the insurer will pay the investor 5 BTC.
3. If it is honest, then the insurer will pocket a nice 20% profit.
4. Insurance will be with BTC multisig. Notice how the insurance is not in altcoin, so you are insured against altcoin collapse.
This separates the financial risk of the investment being a "scam" from the equation.
Notice how I also said the insurance will be kinda like the FDIC. You will not be insured against rise and fall of the altcoin's value. You will only be insured against a total collapse of the coin as a result of an irresponsible pump and dump. The FDIC doesn't insure against loss of value through dollar inflation. It doesn't even insure against loss of all your money. FDIC only insures retirement funds up to $250k and other funds up to $100k. If you have 1 million dollars, and the bank goes kaput, you'll only be able to recover $100 to $250k. I will only insure investors' wallets up to a certain amount for free. If you want more insurance, open several anonymous wallets (so that no wallet is over the insured amount) or pay for additional insurance yourself.
I'm ignoring you. I haven't even created the crypto coin yet, and you're already saying, "It's a scam."
Oh, and what part of, "Insured against loss," did you miss?! As in I'm gonna buy INSURANCE to make sure the investors do not lose their money. What dumbass "scammer" would PAY money to buy insurance? Scammers TAKE money, right?!
Oh, and what part of, "Insured against loss," did you miss?! As in I'm gonna buy INSURANCE to make sure the investors do not lose their money. What dumbass "scammer" would PAY money to buy insurance? Scammers TAKE money, right?!
Good luck getting that policy underwritten.
I'm ignoring you. I haven't even created the crypto coin yet, and you're already saying, "It's a scam."
Oh, and what part of, "Insured against loss," did you miss?! As in I'm gonna buy INSURANCE to make sure the investors do not lose their money. What dumbass "scammer" would PAY money to buy insurance? Scammers TAKE money, right?!
Ignore button clicked...!
Oh, and what part of, "Insured against loss," did you miss?! As in I'm gonna buy INSURANCE to make sure the investors do not lose their money. What dumbass "scammer" would PAY money to buy insurance? Scammers TAKE money, right?!
Ignore button clicked...!
Recommended service?
US of fucken A baby.
Don't you forget it, scammer-to-be.
US of fucken A baby.
Don't you forget it, scammer-to-be.
Hi,
I googled and searched until my face turned blue but only found 1 coin creation service, however, they don't seem to be answering PMs on this forum. Anybody used a cryptocurrency creation service, liked it, and would recommend it?
No, I am not creating another shitcoin. As a matter of fact, the value of this new crypto will be insured against loss. You are guaranteed not to lose your shirt. Kinda like how the FDIC insures depositors against losses of up to a certain amount ($100k?). Yes, it will have an advantage built-in. It will support privacy and will be easy to use like Monero, unlike Bitcoin, which is pseudononymous, not anonymous. Also, the value will not fluctuate. It will have certain mechanisms built in to ensure against volatility of the coin's price so that merchants can PRICE GOODS AND SERVICES IN MY NEW CRYPTO instead of in Fiat and then use a computer program to convert it on the fly to the price in crypto. I think that the biggest block against merchant adoption is the price volatility of crypto. Since this will be a deflationary crypto like Bitcoin and the price volatility is stabilized, the rise in price will be able to be calculated and predicted mathematically so savers can plan more effectively.
Neat, huh? I need to hire devs. Who's up for the task?
I googled and searched until my face turned blue but only found 1 coin creation service, however, they don't seem to be answering PMs on this forum. Anybody used a cryptocurrency creation service, liked it, and would recommend it?
No, I am not creating another shitcoin. As a matter of fact, the value of this new crypto will be insured against loss. You are guaranteed not to lose your shirt. Kinda like how the FDIC insures depositors against losses of up to a certain amount ($100k?). Yes, it will have an advantage built-in. It will support privacy and will be easy to use like Monero, unlike Bitcoin, which is pseudononymous, not anonymous. Also, the value will not fluctuate. It will have certain mechanisms built in to ensure against volatility of the coin's price so that merchants can PRICE GOODS AND SERVICES IN MY NEW CRYPTO instead of in Fiat and then use a computer program to convert it on the fly to the price in crypto. I think that the biggest block against merchant adoption is the price volatility of crypto. Since this will be a deflationary crypto like Bitcoin and the price volatility is stabilized, the rise in price will be able to be calculated and predicted mathematically so savers can plan more effectively.
Neat, huh? I need to hire devs. Who's up for the task?
For the same reason that there's a similar number of Linux distros, it's open source, so it is easy to implement a small improvement over the previous version and call it your own distro. You don't have to waste time reinventing the wheel.
There are 275 Linux distros according to Distrowatch.com . According to coinmarketcap.com , there are 688 cryptocurrencies out there.
There are 275 Linux distros according to Distrowatch.com . According to coinmarketcap.com , there are 688 cryptocurrencies out there.
Their website has been down for maintenance for over a week. Has bitXatm gone out of business? That would suck. I love their ATMs. I'm actually thinking of buying one....
what will become of all those people who bought one? Will their ATMs not work now? Or will they work until they need service?
what will become of all those people who bought one? Will their ATMs not work now? Or will they work until they need service?
bitcoin is money. when investing money, i have 2 suggestions;
1. if it is a small amount of money, invest in yourself. buy a book and learn how to code, then code for more bitcoin.
2. if it is a large sum of money, you can invest it, but be sure to diversify your investments to minimize risk of loss;
A. stocks
B. gold
C. bonds
D. cash
E. land
This is classical investing advice, before invention of bitcoins. If I were to categorize bitcoin, I'd put bitcoin in "B", gold because most people who own bitcoins just hoard it just like people who own gold. Bitcoin is gold on steroids. It is deflationary, like gold, too.
1. if it is a small amount of money, invest in yourself. buy a book and learn how to code, then code for more bitcoin.
2. if it is a large sum of money, you can invest it, but be sure to diversify your investments to minimize risk of loss;
A. stocks
B. gold
C. bonds
D. cash
E. land
This is classical investing advice, before invention of bitcoins. If I were to categorize bitcoin, I'd put bitcoin in "B", gold because most people who own bitcoins just hoard it just like people who own gold. Bitcoin is gold on steroids. It is deflationary, like gold, too.
I have some coins idling around in my wallet but I cannot bear to put it in hyip or risk it. But it is a waste to let it idle around. Yes. I have coins in some "lower risk" hyips to generate some interest which I'm prepared to write off. I also have some coins converted to hashing power in hashnest and BW.com but it has to be monitored else you will suffer a loss instead. 
Unlike fiat currencies, I cannot park these coins into banks backed by governmental institutions. I put my fiat currencies in banks or blue chips but I cannot do it with cryptos.
So, what do you do with your idle coins? Let it sit around?
Unlike fiat currencies, I cannot park these coins into banks backed by governmental institutions. I put my fiat currencies in banks or blue chips but I cannot do it with cryptos.
So, what do you do with your idle coins? Let it sit around?
Re: My answer to: "What is the best way make money with Bitcoin?"
1. Shake your booty online for Bitcoin, providing "POV" (point of view) services, and stroking your clients', err... egos.
2. Selling herbal products online for Bitcoin.
3. Providing attorneys' services to those in categories 1 & 2.
All 3 are proven ways to make bitcoin.
2. Selling herbal products online for Bitcoin.
3. Providing attorneys' services to those in categories 1 & 2.
All 3 are proven ways to make bitcoin.
No, mining most in a few short years is bad. However, you misunderstand. The author is saying that, although not perfect, it is better than the other 90% of the shitcoins out there that are premined, instamined, and ninjamined. For example, shadowcash had POW for only TWO WEEKS before switching to POS. The mining lasted only 2 weeks until ALL the coins are mined. So, yeah 60% mined in 4 years is actually very good compared to this.
Maybe good start is this website which seems to be unbiased and compares different coins in therms of their launch:
http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins
But still this is only one website. More research you must do probably.
Wow, that is a ton of information! Thank you for this! This will be my daily reading for this week, whenever I get the chance....
With Monero you can do the same intense investigation (as I and much smarter people have done). You will find that as far as complaints against Monero itself, there are no substantial ones. The launch and all major decisions were handled as fairly as possible by a slowly growing community on top of revolutionary technology. The only *real* criticism I can think of is that no one really knows where the hell this "cryptonote" came from. Despite some people trying to downplay how big of a deal cryptonote is (calling it simple and flawed code in its original form), it is obviously the culmination of a lot of talent and effort.
Ok so I have one question for everyone here including you americanpegasus, I saw this in the link that owm123 posted above:
and
Why is this a good thing? I would think that mining a currency would need to be a very low and steady thing over the course of time to always ensure miners that there will be profit to be made when mining coins... Why would you want to produce 85% of your coins in 4 years? That doesn't make much sense to me.
Maybe good start is this website which seems to be unbiased and compares different coins in therms of their launch:
http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins
But still this is only one website. More research you must do probably.
Wow, that is a ton of information! Thank you for this! This will be my daily reading for this week, whenever I get the chance....
With Monero you can do the same intense investigation (as I and much smarter people have done). You will find that as far as complaints against Monero itself, there are no substantial ones. The launch and all major decisions were handled as fairly as possible by a slowly growing community on top of revolutionary technology. The only *real* criticism I can think of is that no one really knows where the hell this "cryptonote" came from. Despite some people trying to downplay how big of a deal cryptonote is (calling it simple and flawed code in its original form), it is obviously the culmination of a lot of talent and effort.
Ok so I have one question for everyone here including you americanpegasus, I saw this in the link that owm123 posted above:
Quote
Monero will effectively mine out a lot of their currency relatively fast. As you can see from the mining data posted here, within one month the number of Monero generated decreased from 17.59 MRO to 16.85 MRO, a decrease of .76 MRO in a month. Obviously, there is a formula that determines the amount of MRO created and we shouldn't assume a purely linear relationship from here.
and
Quote
On one hand, a 4 year plan to produce 85% of the currency is waaaay better than 90% of the coins on this investigation. In comparison to bitcoin, we see that from its inception from January of 2009 to today, May of 2014 (roughly 5.5 years), bitcoin has produced around 60% of its expected coin totals 163). In that sense, Monero isn't too much of a divergence.
Why is this a good thing? I would think that mining a currency would need to be a very low and steady thing over the course of time to always ensure miners that there will be profit to be made when mining coins... Why would you want to produce 85% of your coins in 4 years? That doesn't make much sense to me.
Depends. If you live in San Francisco, Vancouver, Arnhem, St. Petersburg FL, or Amsterdam, there's actually a decent number of places you could spend your bitcoins. Otherwise, you're probably gonna hold on to dem coins for some time to come.
The thing is there isn't much you can do with Bitcoin right now unless some special use cases where you may benefit from the fact Bitcoin doesn't carea bout local politics on money. So right now I am going to use it as an alternative to gold, just another asset with very special features, and i'll hold until 2 or 3 years were things will be way more mature than they are now.
I think that it is for this reason, the world governments, especially the USA, being against privacy, that Monero would probably not be as widely accepted as Bitcoin, but that's not to say it won't be more widely accepted. It think Monero potentially can become as widely accepted as Litecoin.
The sad fact is that nobody cares about privacy. People are fat and complacent sheep. I asked all my friends and family to install an encrypted text message app and guess how many actually installed it? ZERO. It is a very easy to use app (Signal for iOS and textsecure for Android) so I don't understand why they won't do it.
I can understand not using encrpyted PGP email, even I cannot figure out how to install and use it!! But textsecure and Signal are easy to use, just like normal text messages.
Even in the American revolution, only 3 PERCENT fought or supported the revolution against the British. The other 97 percent just didn't care. Today, the percentage that just don't care is probably 99.9 percent. I remember, during the Vietnam war, there were massive anti-war protests. Where are these protests against the fighting in Iraq and Afghanistan now? People just don't care.
That's why Snowden is a martyr and a superhero. Honestly, if I were him, I would've just shut up and accepted my $300,000 USD per year job working for the NSA. People just don't care about his sacrifice. He's basically under house arrest for life. For what? For the masses who don't care if they are enslaved sheep.
Anyways, my point is Monero will never be the next Bitcoin, but it could replace Litecoin because most people don't care about freedom and privacy. They just want to get fed, drive nice cars, and be fat and happy. Monero could increase greatly in value, maybe 10 to 20x in value, but not 1000 times the value.
P.S. Understand that this is not a knock against Monero. I like it a lot. I am actually programming an app for Monero for people to buy and sell stuff, just like ebay, but better because I want to offer services, too, not just the sales of goods. In order for Monero to be accepted, we have to be like Amir Taaki and code apps that increase the demand for Monero, just like Amir Taaki did for Bitcoin. I think Spagni's (fluffypony) new dice gambling site for Monero is a step in that direction.
The purpose of xmr is to protect one's privacy. This is at least my understanding. I dont view monero as a bitcoin killer or even a litecoin killer. Its there with one main purpose, to ensure everone a right to privacy. Not everyone cares about privacy. So bitcoin is not going anywhere anytime soon. But there are people that value their privacy. For them monero is a perfect solution.
Also, there is no reason to use monero for tax evasion, or to think about it as being desing for this purpose. In monero you have view keys, to disclose the transactions when needed. So a merchant or a person can keep their transactions privet from other merchants or people, but be fully transparent to tax office to which he/she can provide its view keys.
Companies and governments determine what money they accept, and what company or government is going to want a money that links them to all their activities for all time?
Yes, companies and governments decide, and they will not allow anonymous or even psedoanynomouse cruptocurrency to be "officially" used which is not controlled by government/company.
In Russia, for example, they already want to launch their own cyrpto, approved by government. The "BitRuble will not be pseudo-anonymous like bitcoin due to the aforementioned Anti-Money Laundering (AML) and Know-Your-Customer (KYC) policies pursued by the regulator".
Its super easy for government to force ppl to use their 'own' cyryptocurrency. Its enough that they will pass laws requiring merchants to accept NSAcoin or whatever coin (or employers to pay salaries with such a coin) that the government can track and control.
Not every country will do this. Some countries that care about privacy (like Switzerland or something) might go the opposite way and embrace something like Monero in an attempt to attract privacy focused businesses (like shapeshift) who are seeking a new home.
In the future people may immigrate to new countries for privacy reasons.
Under the USA and EU pressure Switzerland has modified its legislation. They offer no more numbered accounts and they exchange client datum with USA and other countries.
Other offshore countries also begin accepting AEOI rules under USA pressure.
The sad fact is that nobody cares about privacy. People are fat and complacent sheep. I asked all my friends and family to install an encrypted text message app and guess how many actually installed it? ZERO. It is a very easy to use app (Signal for iOS and textsecure for Android) so I don't understand why they won't do it.
I can understand not using encrpyted PGP email, even I cannot figure out how to install and use it!! But textsecure and Signal are easy to use, just like normal text messages.
Even in the American revolution, only 3 PERCENT fought or supported the revolution against the British. The other 97 percent just didn't care. Today, the percentage that just don't care is probably 99.9 percent. I remember, during the Vietnam war, there were massive anti-war protests. Where are these protests against the fighting in Iraq and Afghanistan now? People just don't care.
That's why Snowden is a martyr and a superhero. Honestly, if I were him, I would've just shut up and accepted my $300,000 USD per year job working for the NSA. People just don't care about his sacrifice. He's basically under house arrest for life. For what? For the masses who don't care if they are enslaved sheep.
Anyways, my point is Monero will never be the next Bitcoin, but it could replace Litecoin because most people don't care about freedom and privacy. They just want to get fed, drive nice cars, and be fat and happy. Monero could increase greatly in value, maybe 10 to 20x in value, but not 1000 times the value.
P.S. Understand that this is not a knock against Monero. I like it a lot. I am actually programming an app for Monero for people to buy and sell stuff, just like ebay, but better because I want to offer services, too, not just the sales of goods. In order for Monero to be accepted, we have to be like Amir Taaki and code apps that increase the demand for Monero, just like Amir Taaki did for Bitcoin. I think Spagni's (fluffypony) new dice gambling site for Monero is a step in that direction.
The purpose of xmr is to protect one's privacy. This is at least my understanding. I dont view monero as a bitcoin killer or even a litecoin killer. Its there with one main purpose, to ensure everone a right to privacy. Not everyone cares about privacy. So bitcoin is not going anywhere anytime soon. But there are people that value their privacy. For them monero is a perfect solution.
Also, there is no reason to use monero for tax evasion, or to think about it as being desing for this purpose. In monero you have view keys, to disclose the transactions when needed. So a merchant or a person can keep their transactions privet from other merchants or people, but be fully transparent to tax office to which he/she can provide its view keys.
Companies and governments determine what money they accept, and what company or government is going to want a money that links them to all their activities for all time?
Yes, companies and governments decide, and they will not allow anonymous or even psedoanynomouse cruptocurrency to be "officially" used which is not controlled by government/company.
In Russia, for example, they already want to launch their own cyrpto, approved by government. The "BitRuble will not be pseudo-anonymous like bitcoin due to the aforementioned Anti-Money Laundering (AML) and Know-Your-Customer (KYC) policies pursued by the regulator".
Its super easy for government to force ppl to use their 'own' cyryptocurrency. Its enough that they will pass laws requiring merchants to accept NSAcoin or whatever coin (or employers to pay salaries with such a coin) that the government can track and control.
Not every country will do this. Some countries that care about privacy (like Switzerland or something) might go the opposite way and embrace something like Monero in an attempt to attract privacy focused businesses (like shapeshift) who are seeking a new home.
In the future people may immigrate to new countries for privacy reasons.
Under the USA and EU pressure Switzerland has modified its legislation. They offer no more numbered accounts and they exchange client datum with USA and other countries.
Other offshore countries also begin accepting AEOI rules under USA pressure.
Do you really think they would have retina scanning abilities? I'd assume that would be very expensive to implement in an ATM so I doubt they do that. I'm sure they do have a normal camera recording all activity though.
It is pretty crazy how much privacy they are attempting to take away though.
It is pretty crazy how much privacy they are attempting to take away though.
A robocoin atm costs $15,000-35,000 USD. A HD video camera necessary for retina scans costs $2000 USD. I'm pretty sure any BTM has a retina scan ready HD video camera.
No, to westerners who don't know, Japan's prisons are very safe. Life is very regimented to keep the safety. Many elderly Japanese who have not saved for retirement actually purposely commit petty crime to get incarcerated so that they can get free nursing home care. http://www.bloomberg.com/news/articles/2015-04-15/japan-s-prisons-are-turning-into-nursing-homes
No butt raping in Japanese prisons:
http://www.nytimes.com/1996/07/08/world/prisons-in-japan-are-safe-but-harsh.html
His cheeks are going to be a little red - but not too red. There aren't some many black guys in Japanese jail. Just Japanese dudes with tiny peckers. Hard anal in Japan just isn't the same as Ryker's Island.
No butt raping in Japanese prisons:
http://www.nytimes.com/1996/07/08/world/prisons-in-japan-are-safe-but-harsh.html
I think his cheeks are a little red there. is it just me?
His cheeks are going to be a little red - but not too red. There aren't some many black guys in Japanese jail. Just Japanese dudes with tiny peckers. Hard anal in Japan just isn't the same as Ryker's Island.