I see a lot of obsession with price on these forums. In my opinion, price is a distraction from BTC becoming a success. I measure BTC success on ease of use, levels of adoption, and scalability. Along with decentralization, these should be our obsession.

I also think we should keep the original goals in mind. We need to undermine and even destroy the relationships banks have wirh governments. Let's not forget they are the engine of elitism.

I'd rather see $100 btc that is accepted by millions of retailers and is used regularly than a million doller BTC that is a false store of value.

How do you measure the success of BTC?

He created the forum. He has not posted since December 2010, just after Wikileaks started excepting BTC for donations. His second to the last post is revealing. He also made his biggest mistake on here, agreeing with community members that BTC could be marketed towards Libertarians. That brought the quality of the BTC community down quite a bit.

This is why he left:

 Unfortunately, I think BTC is a bad leader for the cryptocurrency world. Many other cryptocurrencies are capable of change and adaptation. BTC has been hijacked by Libertarians who will guarantee its stagnation. POW is proving to be an inferior, centralized system that waists electricity. Most of the viable projects are at least working towards a POS system that can realize Satoshi's vision.

 BTC is one of the slowest currencies out there, most business is still done with BTC but for those that do business in crypto we would like something as fast as PivX, HLM, and Ripple. fourty minutes for a confirmation is unacceptable. When you're competing with Visa, Mastercard, and American Express, you need to offer comparable efficiency. Plus, mining pools keep forking BTC and BCH in a manufactured drama. It allows them to drive up difficulty and then just switch to another fork.

@abracadabra

Sorry to hear that, they've been very good to us dealing in EUR. They are back to normal as well, no problem with withdraws.


 I just found an older article from July outlining illegal strategies laid public by the EU parliament. You would think a non-democracy like the EU would make an attempt to appear legitimate.

https://bitcoinist.com/eu-parliament-battle-banks-bitcoin/

Yes... unless you don't have access to caah services and have to wait for a buy customer to add cash so you can have sell transactions. Or if more are buying and you can't deposit cash to send to an exchange to buy crypto.

It's not that simple, the equipment is low quality and doesn't come with instructions. It's all  trial and error. I would recommend some other field tbh.

It costs a lot more to run than people realize. In the Netherlands where it is quite competitive, net profit looks like 1.5-2% on gross transaction volume. So lower margins than Walmart. You can add in discriminatory banking practices, unreasonably demanding AML policies to get on exchanges and autistic libertarian clientele that only care about themselves. The clients will abuse any weakness in your policies so you have to constantly monitor the server.

 You will work harder and deal with more constant stress than owning a restaurant. I own a chain of them.

This is the Netherlands forum and I'm a resident of the Netherlands. My Dutch isn't strong enough to write an essay like this so I guess you'll just have to tolerate it. Even if it's not what you want to hear.

Easily said by someone who has no knowledge of the real situation. We're not the only ones, we do have an association and all of our members have the same problem. It's apathy that guarantees BTCs failure.

 As long as you get your money though right?

Please list the banks that allow business that deal with cryptocurrency. I've been doing this research for over a year. Good luck!


Also, 30 employees for a tech company is a lot. Book-pal.com did over 5 million a year with 8 permanat and a few Temps. What you're talking about is a company that does well over €10,000,000 a year in revenue. We also don't have inside knowledge of what they face. I guarantee it's bleaker than you realize.

Not just in the Netherlands, but the Netherlands that was once considered crypo friendly is a poignant example. Bitcoin is popular in the Netherlands, it would be much more popular if a business that accepts it were able to keep a bank account. The few that do accept it, were grandfathered in or hide it from there bank. Only a tiny "Bitcoin accepted here" on the shop window, no online advertisements whatsoever.

 The BTC community will have to stop being apathetic to others in the market. If you want BTC to be legitimized, we will have to combat suppression. The best way to do that is to form associations that represent our common interests.


I disagree, this is an informative post about existential threats to BTC, this is the most appropriate forum. This is not a political debate thread, unless some disagree that BTC should be treated with legitimacy.



It's true that we cannot force banks to use BTC, nor should we try. But banks are excluding any company that deals in or accepts cryptocurrency. Since BTC is being classified as an asset instead of a currency or payment system, banks cannot be challenged for suppressing competition. It's access to financial services for companies that deal in and advance crypto that's at stake.


On the contrary, they allow a few well established players to continue with often exclusive deals with certain banks. This make our market less competitive and stifles real growth. It's small business that is being denied, we can't afford the legal teams some of the big players have.

Like I said, we're like the canary in the coal mine, the level of suppression hasn't hurt the big players, it's killing the small ones though.

Thank you both for your comments, I hope we can get more in the community interested in standing up for their rights.

 You are being duped. You celebrate the lack of regulation around Bitcoin as a win for financial freedom, but you are being out maneuvered by the people who want to destroy it. These decisions are not being made democratically, they are made behind closed doors at places like the G20 conference and the Bilderberg group. Bitcoin will be legally considered an asset, not a payment system or currency. Time to celebrate? We've escaped the authoritarian regulation of the financial industry.

 Except that is exactly how they will destroy Bitcoin. You see, if Bitcoin isn't a payment system or currency, banks are not behaving anti-competitively.They are simply refusing to do business with a high risk asset, and you have no legal recourse to challenge them. In Europe, every small business that deals with cryptocurrency is being locked out of finance. The door is closed, the bureaucrats decided. No vote was held, the democratically elected parliaments never had a debate. You cannot petition any branch of the government for aid or guidance. You have to close your business, lose your livelihood and accept that your fate was decided by illiberal bureaucrats. If it is any consolation, you're not alone. Private ATM operators, tech companies and anyone who threatens bank profits are also being suppressed.

 
 In the Netherlands, Klaas Knot, the head of De Nederlandsche Bank (DNB), the central bank, a politician of exceptional corruption, has decided to wage war on cash and cryptocurrency. A politically exposed person who solicited a bank under his authority for a loan of 1.2 million eur for a house worth 950k eur. With the extremely favorable interest rate of 1.3%. Now if you are current with internationally accepted anti-money laundering policy, this is a blatant bribe of a politically exposed person. No ramifications have been implemented. He rules the DNB in a corporatist manner. Like the old Monarchy of the Netherlands or like Benito Mussolini, his banks are an extension of his authority. He is illiberal and does not answer to constitutional means to achieve his goals. In fact, a week after I personally submitted a complaint, all of my accounts came under strict scrutiny. My personal account, my professional account on Bitstamp, even the service I used on the weekends, satos.nl all began blocking the normal operation of our business. Probably for the fear of retaliation themselves.

 We are the only company operating in the Netherlands that has no anonymous transaction policies. Our Bitstamp professional account was approved by Bitstamp during the time they were applying for a banking license from the UK. They were under intense scrutiny from UK regulators. So our AML policy was approved by the UK by proxy. We have since discovered weaknesses in that policy that could allow structuring and closed those gaps. We have reached out to numerous Dutch agencies including the FIU (Financial Intelligence Unit) in order to strengthen our policies. We were completely ignored. The Dutch government has displayed no interest in preventing money laundering or implementing any sort of guidelines, they simply want to destroy the cryptocurrency market. We deal in cryptocurrency and cash, two high risk fields, but not as high risk as GWK Travelex, who deals in cash to cash transactions. Yet they have regulatory guidelines and continue to operate.

 Furthermore, the current environment in the Netherlands is even more frightening. Under Klaas Knot, cash services are being more and more restricted. Now many Dutch businesses have been forced to go debit card only (pin). This forces all consumers to use a bank, since banks decide who you can do business with, this strengthens Klaas Knot's economic authority. None of this was decided democratically. Anti-money laundering policy is being used as a weapon to suppress legal business instead of being used to prevent money laundering. After all, it's the United States that keeps catching Dutch banks in the act of laundering money for cartels and terrorists, not the Netherlands.

 As you see, we the most vulnerable, are the canary in the coal mine. Our duty is to warn the people of the rising toxicity. We do this by testing the legal system and symptomatically exposing corruption and anti-constitutional policies. We have to present legal challenges to financial authoritarianism, solid evidence that we have take to the press and the people. To do this, we will have to get involved, we have to unite. We will not be suppressed by exclusion.

 As of today I am starting a civil rights group for cryptocurrencies and associated businesses in Europe. I will start the process with our law firm in France, a country that adheres to a more constitutional system. I ask you to keep an eye on this thread for updates, and join our foundation once it is formed and legally recognized. I will keep you posted.


 

 

 You are being duped. You celebrate the lack of regulation around Bitcoin as a win for financial freedom, but you are being out maneuvered by the people who want to destroy it. These decisions are not being made democratically, they are made behind closed doors at places like the G20 conference and the Bilderberg group. Bitcoin will be legally considered an asset, not a payment system or currency. Time to celebrate? We've escaped the authoritarian regulation of the financial industry.

 Except that is exactly how they will destroy Bitcoin. You see, if Bitcoin isn't a payment system or currency, banks are not behaving anti-competitively.They are simply refusing to do business with a high risk asset, and you have no legal recourse to challenge them. In Europe, every small business that deals with cryptocurrency is being locked out of finance. The door is closed, the bureaucrats decided. No vote was held, the democratically elected parliaments never had a debate. You cannot petition any branch of the government for aid or guidance. You have to close your business, lose your livelihood and accept that your fate was decided by illiberal bureaucrats. If it is any consolation, you're not alone. Private ATM operators, tech companies and anyone who threatens bank profits are also being suppressed.

 
 In the Netherlands, Klaas Knot, the head of De Nederlandsche Bank (DNB), the central bank, a politician of exceptional corruption, has decided to wage war on cash and cryptocurrency. A politically exposed person who solicited a bank under his authority for a loan of 1.2 million eur for a house worth 950k eur. With the extremely favorable interest rate of 1.3%. Now if you are current with internationally accepted anti-money laundering policy, this is a blatant bribe of a politically exposed person. No ramifications have been implemented. He rules the DNB in a corporatist manner. Like the old Monarchy of the Netherlands or like Benito Mussolini, his banks are an extension of his authority. He is illiberal and does not answer to constitutional means to achieve his goals. In fact, a week after I personally submitted a complaint, all of my accounts came under strict scrutiny. My personal account, my professional account on Bitstamp, even the service I used on the weekends, satos.nl all began blocking the normal operation of our business. Probably for the fear of retaliation themselves.

 We are the only company operating in the Netherlands that has no anonymous transaction policies. Our Bitstamp professional account was approved by Bitstamp during the time they were applying for a banking license from the UK. They were under intense scrutiny from UK regulators. So our AML policy was approved by the UK by proxy. We have since discovered weaknesses in that policy that could allow structuring and closed those gaps. We have reached out to numerous Dutch agencies including the FIU (Financial Intelligence Unit) in order to strengthen our policies. We were completely ignored. The Dutch government has displayed no interest in preventing money laundering or implementing any sort of guidelines, they simply want to destroy the cryptocurrency market. We deal in cryptocurrency and cash, two high risk fields, but not as high risk as GWK Travelex, who deals in cash to cash transactions. Yet they have regulatory guidelines and continue to operate.

 Furthermore, the current environment in the Netherlands is even more frightening. Under Klaas Knot, cash services are being more and more restricted. Now many Dutch businesses have been forced to go debit card only (pin). This forces all consumers to use a bank, since banks decide who you can do business with, this strengthens Klaas Knot's economic authority. None of this was decided democratically. Anti-money laundering policy is being used as a weapon to suppress legal business instead of being used to prevent money laundering. After all, it's the United States that keeps catching Dutch banks in the act of laundering money for cartels and terrorists, not the Netherlands.

 As you see, we the most vulnerable, are the canary in the coal mine. Our duty is to warn the people of the rising toxicity. We do this by testing the legal system and symptomatically exposing corruption and anti-constitutional policies. We have to present legal challenges to financial authoritarianism, solid evidence that we have take to the press and the people. To do this, we will have to get involved, we have to unite. We will not be suppressed by exclusion.

 As of today I am starting a civil rights group for cryptocurrencies and associated businesses in Europe. I will start the process with our law firm in France, a country that adheres to a more constitutional system. I ask you to keep an eye on this thread for updates, and join our foundation once it is formed and legally recognized. I will keep you posted.


 

 

 

My master odes are down due to the required increase but my coins are locked. How do I unlock them?

Hello, is it an L+, M+, or XL+ model?

Where in the NL are you located?

Hardware wallets are junk. Low capacity and difficult to use. I can't even update mine without deleting some wallets because the stick has very low memory capacity.

Get veracrypt, get a large USB drive and make your own. You can run encrypted core wallets, back up the encrypted wallet.dat anywhere you want and run any coin you want. Hardware wallets are a scam.

How do I go about getting refunded?

I got both running, but both now show 00:00 for active time. They say enabled though.

I have a problem with my 2nd masternode. It shows my 2nd masternode  with the same IP and wallet address as the first. This is how I set up the masternode.config

MN1 server_ip:port ubuntu_genkey tx_ID 0

MN2 server_ip:port ubuntu_genkey tx_ID 0

Note: when I put the command in the debug console, it created 2 transaction IDs for MN2, one ended with a 0 and the other with a 1, I used the one that ended in 0 for MN2


My wallet config file is like this:

rpcuser=root
rpcpassword=Root_Pass_for_MN1
rpcport=33589
port=33588
rpcallowip=127.0.0.1
daemon=1
listen=1
server=1
externalip=MN1_ip:33588
externalip=MN2_ip:33588

 Note: I only have the root password for MN1 in that config, the guide does not say how to add extra root passwords.


Can someone tell me what I'm doing wrong? Maybe some instructions for laymen would go far.

Someone want to explain to me, why an ICO that raised more than $7,000,000 can't find programmers?

How is this refund going to happen? I doubt I can access myetherwallet anymore.

Four days now with the Masternode enabled and still no payout. Should I be worried?