What are the possible ways to buy and sell bitcoin at this point in time? I made an e wallet somewhere recently and then did not pull the trigger because it lacked a feeling of complete legitimacy. I have never owned a bitcoin.
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What are the possible ways to buy and sell bitcoin at this point in time? I made an e wallet somewhere recently and then did not pull the trigger because it lacked a feeling of complete legitimacy. I have never owned a bitcoin.
https://bitstampincidentreport.files...rt-2-20-15.pdf
highly technical analysis of the bitstamp compromise. paints an extremely bad picture of the level of competence in those circles.
Took the time to read that. Holy shit the level of fail is off the scale.
Cliffs: Employees accept skype requests from randoms, open dodgy skype attachments from said randoms, get PCs infected with spyware, passwords stolen, 18,000 bitcoins stolen.
Even better than that, their hot wallet can only hold 5,000BTC at a time, limiting the potential losses if it is compromised. But they kept taking deposits while the scammers were draining the wallet, so they loaded up at least another 13,000BTC after the losses had already started - and those were taken too.
:facepalm3
weird shit going down in bitcoinland
http://motherboard.vice.com/read/the...tion-ever-made
R there any bitcoin atm cards out there that work at normal atms? Ive seen some for bitcoin atms but none of those are in my area. I looking for one that I can use at my local credit union or BOA atnm. Thanks
If anyone else here got caught up in the MtGox crash, the deadline for filing a claim w/ MtGox bankruptcy trustee is July 29.
Sign in to yr Gox acct and follow directions.
At $290, and seems to be stabilizing since the beginning of the year.
I predict Bitcoin will be around for a long time.
I am glad you used this particular language. Because claims by many tin-foil hat members, as well as the occasional Internet radio show hosts (Cough! Druff! Cough!), that the U.S. government doesn't allow or want alternative currencies, U.S. laws allow such currencies. Here is an article in Forbes about one type, local currencies:
http://www.forbes.com/sites/katiegil...hy-it-matters/
But per the bolded portion of the quote above, the Feds are concerned with illicit use of such currencies. And there are legal mechanisms in place, such as reporting requirements for certain businesses doing business with banks in the U.S., that are meant to catch the worst of the offenders.
Karpeles in custody of Japanese authorities.
http://news.yahoo.com/japan-police-a...234541269.html
i dont see how anyone could read even a fraction of this thread, even the title of this thread, and claim its got 'similar properties to gold'...
id very much like someone to explain how regulation is going to somehow yield a positive return on a pre-regulation investment.
Just look at the history of stock markets. When un- or underregulated, ordinary investors are subject to greater risk of trading against informed parties, including scammers. Except when swinging wildly due to price manipulation and sentiment investing bubbling the price, this outsider trading risk normally depresses the market price of a security. As regulation is added, or improved, to reduce this outsider trading risk, the market lowers the risk premium on financial securities, which in turn increases the market price.
And regulation doesnt actually have to be in place for this risk-reduction effect to occur. If enough investors believe that such protective regulation is forthcoming, the market price of financial securities will rise in anticipation of this regulation eventually being enacted and enforced.
As such, as the likelihood of protective government regulation of bitcoin markets increases, the market price of bitcoins should rise in reaction to the perceived risk premium falls. And as more major businesses accept bitcoin, the likelihood of governments stepping in to protect these businesses exposure to bitcoin market risk, the more likely government regulation of those markets will be put in place.
And didn't Dell recently announce that it is accepting bitcoin?