USLI STA NA,  Eduzdravlje.com/More- meni: podnaslov, Edu $$$ & Health/Kriptovaluta

Paznja! Paznja! Bez para, tesko da ima zdravlja!

U kriptovaluti su se mnogi obogatili, a jos vise finansijski unistili!

Ukrali im pare,  ukrali im identitet (nabili im racune), ili i jedno i drugo!

Stoga oprez, oprez, i budite opravdano sumnjicavi!!!!

 

https://startit.rs/bitcoin-vesnik-monetarne-revolucije/?utm_source=google&utm_medium=cpc&utm_content=bitcoin&utm_campaign=blog

Bitcoin — Vesnik monetarne revolucije

Tekst Pavla Mihajlovića iz 2014. godine o Bitcoinu i revoluciji koju sa sobom donosi.

PAVLE MIHAJLOVIC - 20. MART, 2014.
 

Kada pomislimo na novac prvo nam prolete slike keša. Novac je pre svega sredstvo razmene, koje omogućava jednostavnu trgovinu. To je takođe merilo putem kojeg pratimo poslovanje i čuvamo ostvarenu ekonomsku vrednost.

Školjke, kamenčići, žito, tkanina, metalni novac i na kraju papir, koji su se svi koristili kao sredstvo plaćanja, pokazuju da je od materijala, za novac, mnogo važnije ispunjenje tri pomenute funkcije. Poslednja inovacija na tom polju jedigitalna valuta koja bi mogla da omogući da se trgovina, obračun i čuvanje vrednosti obavljaju najjeftinije i najefikasnije do sada.

Postoji čitav niz tekstova koje možete pronaći na internetu koji će mnogo bolje i detaljnije objasniti tehničku stranu Bitcoina. Niti znam, niti bih mogao da razumem detalje, te ovde iznosim ekonomsku (teorijsku) perspektivu. Ukratko, Bitcoinnastaje procesom rudarenja “mining”, koji podrazumeva da vaš računar rešava izuzetno komplikovanu jednačinu. Rešavanjem dobijate pravo na nagradu – određeni deo jedinice bitcoina.

Otprilike u čitavom sistemu, 6 Bitcoina se izrudari svakog sata. U opticaju je trenutno 12 miliona Bitcoina a maksimalni potencijal je 21 milion. Bitcoin takođe možete kupiti na nekoj od više stotina aktivnih berzi za konvencionalne valute, ili neposredno od drugih vlasnika.

Nakon rudarenja ili kupovine, vaš bitcoin nalazi se u digitalnom novčaniku koji putem kriptovanih poruka i umršenih protokola komunicira sa drugim novčanicima. To vam omogućava da preko određenih sajtova i klijent servera koji pružaju uslugu uparivanja digitalnih novčanika, izdate transakciju prema nekom drugom korisniku koji ima digitalni novčanik.

Na kraju sve transakcije moraju proći kroz protokol verifikacije koji se, opet za nagradu, obavlja decentralizovano od strane mnogih korisnika. U suštini, to je primena koncepta klirinških kuća na digitalnu valutu.

Cilj osnivača Bitcoina je verovatno bio da ta valuta postane sredstvo razmene i merilo vrednosti u savremenoj realnoj i virtuelnoj privredi. Uz sve oscilacije vrednosti i problem koje valuta proživljava, ovo je jedna od najvažnijih inovacija u monetarnoj sferi koja bi mogla iz temelja da promeni ekonomski sistem u kojem ćemo živati za par decenija.

Kao decentralizovana digitalna valuta Bitcoin oživljava u digitalnom svetu, principe davno napuštenog sistema zlatnog standarda, kakav je postojao u srednjem veku i ranim fazama razvoja kapitalizma. Suštinske sličnosti sa zlatnim standardnom je ideja da se ograničenom ponudom Bitcoina iodsustvom bilo kojeg autoriteta koji upravlja ponudom očuva vrednost valute. Prednost bitcoina u odnosu na zlato je u tome što se može beskonačno deliti na mnogo decimala, što je gotovo besplatan za održavanje i skladištenje i vrlo jeftin za proizvodnju u poređenju sa zlatom.

Ograničenje ponude Bitcoina je važno jer čuva vrednost. Da je rudarenje neograničeno, dugoročno, njegova vrednost bi se svela na trošak struje, amortizaciju procesa i rad ljudi potrebnih da se izrudari. Uz napredovanje tehnologije rezultat bi bio da se Bitcoin ne bi fundamentalno razlikovao od konvencionalnih valuta, koje su kroz sto godina inflacije izgubile preko 90% svoje nominalne vrednosti.

Druga važna karakteristika je decentralizovanost. Svaki pojedinac može učestvovati u rudarenju, razmena je potpuno dobrovoljna, a kontrola protokola razmene je decentralizovana, jer mnogi članovi zajednice mogu vršiti kontrolu i nadzor sigurnosti transakcija.

Nijedna država ne može uticati na razmenski kurs između Bitcoina i drugih valuta – već je to prepušteno tržišnim silama. Za razliku od modernih nacionalnih valuta, ne postoji niti jedan monopol u ponudi valute, niti ograničenje korišćenja isključivo jednog platežnog sredstva (legal tender law).

Ako Bitcoin prestane da vrši funckije novca na dobar način, ako mu padne vrednost ili propadne uvek se može dobrovoljno preći na bilo koju drugu digitalnu valutu ili konvencionalan novac.

Pobednik ili pokojnik?

Bitcoin je novotarija i kao svaka novotarija ima veliki broj entuzijasta koji se brzo zainteresovao za digitalnu kripto-valutu. Koncept kriptovanih protokola, decentralizovane kontrole transakcija i ograničene ponude vrlo je primamljiv. Istraživanja korisnika verovatno bi pokazala da su korisnici Bitcoina oni koji tragaju za revolucionarnim rešenjima, koji ne veruju u savremeni finansijski sistem, ljudi koji su entuzijastični po pitanju uloge ICT u životu, oni koji traže visok nivo diskrecije i poverljivosti informacija na internetu, hakeri, kriminalci, trgovci ilegalnim robama i dr.

Međutim, kratkoročno mnogo važniji faktor za razvoj i opstanak Bitcoina su finansijski investitori – ljudi koji pre svega ulažu u bitcoin kako bi ga kasnije prodali po višoj ceni, a ne zbog neposrednog korišćenja valute za transakcije ili obračun. Sa rastom popularnosti i ograničenom ponudom cena Bitcoina je brzo porasla a tokom poslednjih 6 meseci doživela dramatičan skok i fluktuacije.

Bitcoin je balon čija vrednost je precenjena u odnosu na fundamentalnu funkcije novca. Upravo zbog toga, svaka negativna informacija ili dnevni pad vrednosti od 10% čine špekulativne investitore nervoznim i oni pokušavaju da se oslobode Bitcoina kako bi sačuvali prinos investicije. Time se urušava trenutna vrednost Bitcoina na berzama i dolazi do strmoglavog pada.

Takođe, negativan uticaj imaju i vlasti pojedinih nacionalnih država koje su promenama regulacije ili pretnjama uspele da na kratko uzdrmaju poverenje u digitalnu valutu. Veliki udarac dogodio se krajem februara kada je nestala berza za razmenu Bitcoina MtGox.com i oborio vrednost valute za jednu petinu. Pre nekoliko dana direktorka jedne od berzi pronađena je mrtva.

Svašta je moguće u uzburkanom svetu špekulacija koji danas čini Bitcoin. Nije isključeno da ćemo otkriti puno lakih zarada, puno primera vrednog i upornog rada koji se isplatio. Takođe, biće investitora koji će izgubiti bogatstva, kriminala, velikih prevara. Zato sa ovom valutom treba biti posebno oprezan.

Bitcoinom danas vladaju finansijski zakoni, mnogo više nego logika protokola, kriptografske karateristike primenjene tehnologije ili korisnost Bitcoina u izvrđenju transakcija. Ako želite da se obogatite, pametno i strpljivo ulaganje u Bitcoin može vam doneti veliku zaradu.

Ovaj tekst vam neće reći kako da ulažete, kao što vam nijedan tekst na internet ne može reći. Pritom ne zaboravite da je ulaganje u Bitcoin radi brzo zarade finansijsko ulaganje. Odvojite vaš sud od emocija, “osećaja” i entuzijazma za tehnologiom i ne zaboravite zlatno pravilo finansija: never risk what you cannot afford to lose!

Finansijske spekulacije mogu kratkoročno uzdići Bitcoin veoma visoko, ali ga mogu i uništiti u veoma kratkom roku. Međutim, jedna stvar je sigurna, digitalne valute predstavljaju budućnost. Pojava desetina drugih konkurentskih valuta pokazuje da je budućnost veoma blizu. U svetu oštre konkurencije i inovacija možemo očekivati mnoštvo različitih koncepata digitalnih valuta, tehnička rešenja i poboljšanja koja će sve bolje težiti ostvarenju funkcija novca.

U svetu decentralizacije, slobode i odustva autoriteta, mudrost miliona koji učestvuju u procesu stvaranja novog monetarnog sistema, dovešće do izdvajanja nekoliko ili jedne digitalne valute koja najbolje zadovoljava funkciju novca. Vrlo lako može da se desi da to uopšte ne bude Bitcoin, kao što su i mnoge vodeće inovacije izgubile bitku sa svojim sledbenicima.

Digitalna valuta osnovni preduslov za internet prodaju

Svi ljudi koji se bave ICT ili imaju startap moraju razmišljati sa perspektivom integrisanja digitalnih valuta u svoj portfolio usluga ili kao segment proizvoda, ukoliko žele da učestvuju u najvećoj monetarnoj revoluciji od štampanog novca. Najvažniji pokazatelj koji možete pratiti nije trenutna cena neke digitalne valute – ona je dugoročno irelevantna – već ukupnu vrednost svih transakcija koje se obave digitalnim valutama.

Sigurnost, lakoća transakcija, dobrovoljno učestvovanje, ograničena ponuda i decentralizacija kontrole nad valutama dovešće dugoročno do istiskivanja konvencionalnih valuta, prvo sa interneta, a potom verovatno i iz ostatka ekonomije.

 
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    OBJAVIO/LA ČLANAK.

    ČETVRTAK, 20. MART, 2014.
     
  • ČETVRTAK, 20. MART, 2014.

    Greska je da nastaje 6 bitcoina na sat. Treba da stoji 6 blokova od po 25 bitcoina sto daje ukupnu produkciju od 150 BTC na sat ili 3600 BTC na dan, Ovo je u proseku dok stvarne kolicine blago variraju oko ovih srednjih vrednosti.

    Inace generalno pohvale za tekst koji je vrlo kvalitetan posebno ako se uzme u obzir da je na nasem jeziku.

     
  • PETAK, 21. MART, 2014.

    Fenomenalan tekst!
    Završio sam ekonomiju, a još uvek sam imao problema da pohvatam šta je tačno Bitcoin I načitao se svakojakih tekstova, jer me bilo blam da ne znam, a ipak nisam daleko odmakao u poznavanju materije.
    Svaka čast za razumljivost I temeljnost. Mislim da bi trebalo ovaj tekst prevesti na engleski.
    Jedva čekam drugi deo. Hvala autoru I hvala Startitu što ga je pronašao.

     
  • PETAK, 21. MART, 2014.

    – Trebalo bi malo razmisliti o izjavi koju je dao Warren Buffett gostujući na televiziji CNBC. Suština je da li je bitcoin valuta ili sretstvo plaćanja, te da se tako i odnosi prema njemu.
    – Valuta bi bilo recimo 5 000 dinara, a sretstvo plaćanja bi bio ček. U principu i sa jednim i drugim u prodavnici možete da kupite istu količinu robe.
    – Iskreno mislim da bitcoin neće doživeti totalnu propast, ali realno je da ne može beskrajno dugo da mu raste cena, već mora u jednom trenutku doći do pada.

     
  • PETAK, 21. MART, 2014.

    Mislim da je super da vidimo domaći tekst o ovome. Ipak je Srbija 14. zemlja u svetu po upotrebi Bitcoina i red je da naši pišu, a i da mi diskutujemo o tome!

     
  • PETAK, 21. MART, 2014.

    A za neverne tome, ovde je i grafik sa upotrebom po zemljama http://blogs.umb.edu/williamfleurant001/2012/01/13/bitcoin/

     
  • PETAK, 21. MART, 2014.

    Pavle, imam par pitanja, a pretpostavljam da ćete znati da mi ih objasnite :)

    Da li to znači da se Bitcoin zarađuje tim rudarenjem? Hoću reći da je to neki posao, koji kad se ostvari dobije se mogućnost da se poveća broj raspoloživih Bitcoina? Da li je to slično kao na primer realna proizvodnja i usled toga rast valute? To mi zapravo nije baš jasno – šta kreira tu vrednost i kako se ona stavlja u odnos sa drugim valutama? Da li to “rudarenje” dođe kao što je GDP neke od zemalja?

    I još jedna stvar – da li se Bitcoin ponaša kao da je tržište akcija, a ne deviza trenutno? To pitam pre svega zbog priča o napumpavanju njegove vrednosti, što je retko kada su valute u pitanju. Nekako se to tržište ubrzo ubacuje u ravnotežu?

    I za kraj, jedno verovatno glupo, da li treba da očekujemo da će mu pasti vrednost što ga više bude bilo, kao što je često u ekonomiji ili je on ovim rudarenjem od toga zaštićen?

    Hvala na strpljenju :)

     
    • SUBOTA, 22. MART, 2014.

      Draga Sanja,

      Pitanja su odlična i odgovoriću na njih malo šire (izvinjavam se ako odgovor bude previše pojednostavljen). Ako ne bude dovoljno napisaću poseban tekst a mislim da će biti koristan svim čitaocima ovog posta koji nisu previše upoznati sa mehanizmima koje opisujem:

      a) Vlasnik bitcoin novčanika proceosom rudarenja može povećati svoj broj bitcoina (odnosno delova bitcoina). Ovo je najsličnije realnoj proizvodnji zlata, stim što se umesto materijalne imovine, stvara digitalna-virtuelna imovina. Njena vrednost je isključivo proizvod percepcije mnoštva ljudi da bitcoin nosi određene karakteristike novca koje sam opisao u početku teksta. Ovo rudarenje ne doprinosi direktno ekonomiji gotovo nimalo (ako se izuzme potrošena struja i angažovana tehnologija), kao što niti bilo koje drugo štampanje novca, samo po sebi, kreira vrednost. GDP rast se indirektno događa onog momenta kada su ljudi spremni da svoje proizvode i usluge, koje proizvode, razmene za bitcoin a inače to ne bi učinili za konvencionalne valute. Ponavljam, ključni parametar ovde je ukupna vrednost transakcija koje su izvršene bitcoinom, a gledajući sa te strane, realni efekat na BDP postoji, ali je on svakako trenutno veoma mali.

      b) Bitcoin tržišta se trenutno ponašaju mnogo više kao tržišta akcija nego kao tržišta valuta (forex i sl.). Cilj učesnika i prvih i drugih je isti – zarada, ali je zbog strukture interesa i strategija učešća, tržište akcija podložnije spiralnim efektima u odnosu na tržišta valuta, koja imaju svojevrsni auto-regulacioni mehanizam (brzo se peglajui odstupanja na vrednosti se nalaze iza 2 decimale). Kod tržišta valuta, cilj je pronaći razliku između razmenskog odnosa dve valute na jednom i na drugom tržištu. Ako jedan EUR danas u Tokiju danas može da se kupi za 1.375 dolara, a u Njujorku isti evro može da se proda za 1.380, postoji podsticaj da se evro kupuje u Tokiju i prodaje u Njuroku. Tako će cena evra u Tokiju početi da raste zbog kupovine, a cena u Njujorku da pada zbog povećanja ponude i ravnoteža bi mogla da se nađe npr. na 1.378. Ovo bi se sve odigralo u manje od par minuta i postigla bi se ravnoteža, i sve neravnoteže u odnosima kurseva izuzetno se brzo peglaju koliko god efekata da utiče na vrednost valute.

      Kod tržišta akcija, kojem je bitocin trenutno sličan, je situacija nešto drugačija. Pojednostavljeno, pošto se finansijski investitori i entuzijasti ponašaju slično investitorima u akcije, cilj je kupiti bitcoin kada vam se čini da je vrendost bitcoina podcenjena (da će vrednost rasti), držati saldo bitcoina neko vreme i prodati prethodno kupljeno uz profit. U trenutku pojave negativne informacije o bitcoinu, mnogi investitori mogu percipirati da će doći do pada vrednosti bitcoina i početi da prodaju svoje. Kada se to desi, ne samo da je inicijalno pala vrednost zbog loše info (npr. Kina zabrani trgovanje u zemlji bitcoinom) nego se spirala produbljuje što veći broj investitora počne racionalno da se ponaša i prodaje svoje zalihe. Zbog takve prirode se i dešavaju strmoglavi skokovi i padovi vrednosti bitcoina na berzama. Da je u pitanju akcija, a ne kripto-valuta, takve akcije bi se smatrale smećem.

      c) Šta će se dogoditi sa vrednošću bitcoina nemam blage veze. Da sam siguran koji bi bio smer, npr. da znam da će vrenost ponovo da ode na 1000 dolara, otišao bih kod svih prijatelja, počistio bankovne račune, prodao stan i sve uložio na bitcoin, i postao bogat za par meseci. Zato vam neću reći gde će da ode vrednost na berzama. Mogu samo, na osnovu ekonomskih i finansijskih analiza da nagađam no to ovde nije važno. Ako se razume priroda tržišta na kojem se bitcoin kupuje, i kako funckioniše trenutno, mogu biti siguran da će vrednost biti volatilna kao i do sada, kao i da će, ukoliko preživi naredni period, vrednost početi da se smiruje.

      Zato je bitcoin trenutno dosta loša valuta, jer je njena vrednost teško predvidiva pa i time relativna vrednost roba i usluga koji bi se sa njim mogli razmeniti. On je trenutno, i ostaće sigurno još niz godina, pre svega finansijska investicija gomile ljudi sa viškom para ili vremena ili manjkom osećaja za rizik. Dugoročna prednost je što je prva inovacija digitalne valute zasnovana na konceptu ograničene ponude što je osnova za očuvanje koncepta u budućnosti i monetarnu revoluciju. Vremenom, tržište će reći koje digitalne valute su najbolje, šta su ključni parametri koji su važni korisnicima i vlasnicima, kako treba da bude koncipirana razmena i enkripcija, i doći će do situacije da digitalne valute postanu efikasnije, jednostavnije za korišćenje i otpornije na inflaciju, od konvencionalnih valuta. Dakle (r)evolucija sledi :)

       
  • UTORAK, 25. MART, 2014.

    Wow, sjajan tekst i sjajno dodatno objašnjenje!

     
  • UTORAK, 25. MART, 2014.

    Pavle, mnogo hvala na detaljnom objasnjenju. Ovo je jedan od retkih tekstova u koje sam se bas unela i htela da razumem i hvala sto ste se potrudili. Jedva cekam sledeci tekst. Kada ce on biti?

     
  • SUBOTA, 29. MART, 2014.

    Стварно добар текст.
    Али мисим да одговор на Сањино прво питање мало маши.
    Вредност Биткоина се не ствара рударњем. Рударењм се гарантује уникатност траснкција. А рудари су за то награђени малом сумом. Чини се тако да рударење ствара Биткоине, али рударење ће бити неопходно и кад се сви Биткоини (21 милион) изрударе. Тада ће свака (ако није већ тако) трансакција морати да “таксу” рударима да би је они верификовали као уникатну у систему. Што већу суму понудите рударима пре ће прекалкулисати и верификовати вашу трансакцију. Ето мало техникалија.

     
  • PETAK, 15. DECEMBAR, 2017.

    Da li možeš objasniti šta je potrebno uložiti i malo više o tome kako se konkretno radi to. Da ne kažem kako se kopa 😂

     
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 https://www.cnet.com/how-to/what-is-bitcoin/

 

What is bitcoin? Here's everything you need to know

Blockchains, bubbles and the future of money.

BY  DECEMBER 18, 2017 10:23 AM PST
 
 
 
 

The price of bitcoin has gone up and to the right.

Coinbase

You heard about this bitcoin thing?

Every bitcoin story must include an image of a physical bitcoin. Note: Physical bitcoin coins do not really exist. 

Science Picture Co

We're guessing: yes, you have. The first and most famous digital cryptocurrency has been racking up headlines this year due to a breathtaking rise in value -- cracking the $1,000 threshold for the first time on Jan. 1 before ascending to nearly $19,000 this month.   

Bitcoin involves technology, currency, math, economics and social dynamics. It's multifaceted, highly technical and still very much evolving. This explainer is meant to clarify some of the fundamental concepts and provide answers to some basic bitcoin questions.

But first: A quick backstory

Bitcoin was invented in 2009 by a person (or group) who called himself Satoshi Nakamoto. His stated goal was to create "a new electronic cash system" that was "completely decentralized with no server or central authority." After cultivating the concept and technology, in 2011, Nakamoto turned over the source code and domains to others in the bitcoin community, and subsequently vanished. (Check out the New Yorker's great profile of Nakamoto from 2011.) 

Now Playing: Bitcoin: A beginner's guide
3:09 

It's actually a little more complicated than that.

Jigsaw

What is bitcoin?

Simply put, bitcoin is a digital currency. No bills to print or coins to mint. It's decentralized -- there's no government, institution (like a bank) or other authority that controls it. Owners are anonymous; instead of using names, tax IDs, or social security numbers, bitcoin connects buyers and sellers through encryption keys. And it isn't issued from the top down like traditional currency; rather, bitcoin is "mined" by powerful computers connected to the internet. 

How does one 'mine' bitcoin?

A person (or group, or company) mines bitcoin by doing a combination of advanced math and record-keeping. Here's how it works. When someone sends a bitcoin to someone else, the network records that transaction, and all of the others made over a certain period of time, in a "block." Computers running special software -- the "miners" -- inscribe these transactions in a gigantic digital ledger. These blocks are known, collectively, as the "blockchain" -- an eternal, openly accessible record of all the transactions that have ever been made. 

Giphy

Using specialized software and increasingly powerful (and energy-intensive) hardware, miners convert these blocks into sequences of code, known as a "hash." This is somewhat more dramatic than it sounds; producing a hash requires serious computational power, and thousands of miners compete simultaneously to do it. It's like thousands of chefs feverishly racing to prepare a new, extremely complicated dish -- and only the first one to serve up a perfect version of it ends up getting paid.

When a new hash is generated, it's placed at the end of the blockchain, which is then publicly updated and propagated. For his or her trouble, the miner currently gets 12.5 bitcoins -- which, in December 2017, is worth more than $225,000. Note that the amount of awarded bitcoins decreases over time.

Watch this: Bitcoin steams ahead as year-long rally shows no sign...
1:29 

What determines the value of a bitcoin?

Ultimately, the value of a bitcoin is determined by what people will pay for it. In this way, there's a similarity to how stocks are priced. 

The protocol established by Satoshi Nakamoto dictates that only 21 million bitcoins can ever be mined -- about 12 million have been mined so far -- so there is a limited supply, like with gold and other precious metals, but no real intrinsic value. (There are numerous mathematical and economic theories about why Nakamoto chose the number 21 million.) This makes bitcoin different from stocks, which usually have some relationship to a company's actual or potential earnings.

No, they're not bitcoins. They're pistachios.

Pistachios/YouTube screenshot by CNET

Without a government or central authority at the helm, controlling supply, "value" is totally open to interpretation. This process of "price discovery," the primary driver of volatility in bitcoin's price, also invites speculation (don't mortgage your house to buy bitcoin) and manipulation (hence the recent talk of tulips and bubbles).

Bitcoin has made Satoshi Nakamoto a billionaire many times over, at least on paper. It's minted plenty of millionaires among the technological pioneers, investors and early bitcoin miners. The Winklevoss twins, who parlayed a $65 million Facebook payout into a venture capital fund that made early investments in bitcoin, are now billionaires according to Fortune

How do I buy bitcoin?

If you're willing to assume the risk associated with owning bitcoin, there is an increasing number of digital currency exchanges like Coinmama, CEX, Kraken and Coinbase -- the largest and most established of them -- where you can buy, sell and store bitcoins.

Getting started is about as complicated as setting up a Paypal account. With Coinbase, for example, you can use your bank (or Paypal account) to make a deposit into a virtual wallet, of which there are many to choose from. Once your account is funded, which usually takes a few days, you can then exchange traditional currency for bitcoin. 

What can I do with bitcoin?

You can use bitcoin to buy things from more than 100,000 merchants, though still few major ones. You can sell it. Or you can just hang on to it. Note that there are no inherent transaction fees with bitcoin, although exchanges like Coinbase typically charge a fee when you buy or sell.

Is all of this legal?

The former Silk Road homepage.

CNET

Short, qualified answer: Yes, for now, as long as -- like any currency -- you don't do illegal things with it. For instance, bitcoin was the sole currency accepted on Silk Road, the Dark Web marketplace for drugs and other illicit goods and services that was shuttered by the FBI in 2013.

Since then, bitcoin has largely evaded regulation and law enforcement in the US, although it's under increased scrutiny as it attracts more mainstream attention. Though it's legal to buy and sell bitcoin, miners and exchanges occupy a gray area that could be vulnerable to future regulation and/or law enforcement action.

What are the risks?

Legal and regulatory hazards aside, as both an investment and currency, bitcoin is very risky. When you wake up in the morning, you know pretty precisely how much a dollar can buy. The financial value of a bitcoin, however, is highly volatile and may swing widely from day to day and even hour to hour.

Bitcoin transactions cannot be traced back individuals -- they are secured but also obscured through the use of public and private encryption keys. This anonymity can be appealing, especially with companies and marketers increasingly tracking our every purchase, but it also comes with drawbacks. You can never be certain who is selling you bitcoin or buying them from you.  Opportunities for money laundering abound; last year, authorities in the Netherlands arrested 10 men for just this.

Theft is also a risk. The bitcoin subreddit is rife with individuals' stories and even established exchanges are targets. Mt. Gox, based in Japan, "lost" 750,000 of its customers' bitcoins in 2014 and hackers took $60 million from NiceHash earlier this month. There are few avenues for pursuing refunds, challenging a transaction or recovering such losses. Once a transaction hits the blockchain, it's final.

Coinbase has been tested by a massive rise in interest in bitcoin.

Coinbase

OK, so what about --- wait, there are more risks?

Because bitcoin is so new and decentralized, there is plenty of murkiness and many unknowns. Even the technical rules for mining are still evolving and up for debate.

The IRS views bitcoins as property, not currency. There are tax implications and a federal judge recently ruled that Coinbase must surrender records to the IRS on transactions of $20,000 or more.

Then there's the fundamental question of whether you should trust a particular exchange. Even Coinbase, the most established of them all has struggled to keep up with demand, plagued by site outages, scaling issues and customer service complaints. Even if it's venture-backed, every bitcoin player today is by definition a startup and comes with all of the associated risks. 

Now I sort of understand bitcoin. WTF is Bitcoin Cash?

In August 2017, different sects within the bitcoin mining community had a disagreement about the rules governing the mining process -- specifically, what constitutes the appropriate size (in megabytes) of a block. Unable to form a consensus, there was a fork in the blockchain, with the bitcoin originalists going one way and the group favoring larger blocks going another to start Bitcoin Cash.

Though they share a common digital ancestry, each now has its own individual blockchain with slightly different protocols. (For what it's worth, bitcoin miners are sticking with 1MB blocks, Bitcoin Cash uses 8MB blocks.) Forking is almost assured to happen again in the future.

Are there other cryptocurrencies?

Yes. More than a thousand, with more sprouting up every day. Aside from bitcoin, which is the real progenitor of them all, other well-known alternative currencies include Ethereum, Ripple and Litecoin. We take a look at the pros and cons of each, and how they stack up, in this explainer.

Buying and selling bitcoin: A quick and dirty introduction to trading cryptocurrency.

Bitcoin, Ethereum or Litecoin: Which is best for you?

 

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https://99bitcoins.com/how-to-safely-deposit-and-withdraw-bitcoins-from-a-paper-wallet/

 

How to Safely Deposit and Withdraw Bitcoins from a Paper Wallet By Ofir Beigel 8 Comments Last updated on March 18th, 2015 at 10:38 am

Back in July I’ve created a very detailed tutorial on how to create an ultra-safe paper wallet for storing your Bitcoins. Since then I’ve received questions about how to withdraw Bitcoins from a paper wallet. Since it’s easy to deposit Bitcoins into a paper wallet but not as intuitive to withdraw them I created a short video tutorial on the matter. Step 1 – Find your private key Your private key is a string of long numbers and characters which acts like the password to your Bitcoins. It should be kept secret at all costs. Make sure you are not confusing it with the public key – also a long string of numbers and characters, but still shorter than the private key. While the public key is used to deposit Bitcoins into a wallet, the private key is used to withdraw them. Step 2 – Import your private key into a Bitcoin client A Bitcoin client is just a program which is used to send and receive Bitcoins. The most basic example which is given in the video is Bitcoin Core. You can use whatever client (i.e. wallet) you want (and there are many). I’ve tried to compare most of the popular Bitcoin wallets in this table. Each client will have a different way of importing your private key – some will have you upload a file, others will ask that you just type in your private key. It’s better to refer to the help section of your selected wallet to figure this step out. Keep in mind that once you’ve imported the private key the paper wallet becomes useless. There’s no way of importing only a certain amount from the paper wallet – it’s all on nothing.  

Read more: How to Safely Deposit and Withdraw Bitcoins from a Paper Wallet | 99Bitcoins

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"Bitcoin Code Software" Review, SCAM "Bitcoin Code Software" Application Exposed! This is a "Bitcoin Code Software" sales pitch page, and the real "truth" is in the next post ! Please be aware of the following mantra: 1. "If it is to good to be real, then it is a scam", and 2. do not consider anything, do not get involved that you are not thouroughly familiar ("researched") with.

http://thebitcoincode.com/members/index.php?clickid=4210587202&aff=lzy9000&token=bef2fe5feaae85854ba75612d9d82d0e&ct=bef2fe5feaae85854ba75612d9d82d0e&ot=3d541bfc0d7c81e7eddbbbd711466fbd&offer_id=0&aff_id=0&lang=en

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"Bitcoin Code"Software Review!!!!

https://www.binaryscamalerts.com/bitcoin-code-review-scam-software/

"Bitcoin Code" Software Review, SCAM Bitcoin Code App Exposed!

Posted on  by Patrick Jones

The Bitcoin Code software and trading robot (not to be confused with BTC Robot) by Steve McKay is a deceptive SCAM and we blacklisted this fake Bitcoin Code app in our factual and impartial review and investigation. If you were misled by this band of crooked affiliate marketers and would like to complain, you are definitely not the first. Our complaints hotline received multiple grievances in regards to the Bitcoin Code scheme, and all of them are justified and provide us with as much proof and evidence as needed in order to validate our suspicions. A word of caution, this financial scam has nothing to do with any form of cryptocurrency, least of all Bitcoin. This is a vile plot which is was contrived by unethical online promoters and filthy offshore brokers with the sole intent of defrauding and stealing money from unsuspecting opportunity-seekers. These rip off artists are particularly successful because they are exploiting the recent surge of Bitcoin popularity, and in this context employing a kind of piggyback strategy designed to get you to drop your guard and buy into this Bitcoin cryptocurrency scam. Our staff immediately spotted this get-rich-quick scheme and right away we understood there’s nothing legit or genuine here, besides the intent of the crooks pulling the strings behind the scenes to defraud you and fleece your wallet. Keep reading to see how we exposed these charlatans and why we believe the Bitcoin Code is a dangerous and confirmed financial scam.

Official Website, Login Page, and Members Area: http://thebitcoincode.com/

Proof of SCAM
Below you will see a picture of “Steve McKay”, the “Genius behind the Bitcoin Code“. Right next to it you will see a picture of a “handsome businessman working with a laptop”. It’s very plain to see that McKay is a fictional character which does not exist. His picture, as well as that of “Chris Hadid’s” were both stolen from the internet without consent. Hadid is actually a French Anthrolologiest named Jean Edouard Gresy and when we messaged him about his picture being stolen he called his lawyer about a law suit.

Quick Update: We have recently published a YouTube video in regards to the Bitcoin Code Scam. We believe it is worth watching and listening to as it encapsulates the spirit of our review and also provides additional insights from a more personal perspective. We also published a follow up review. Please make sure to read it and see how the scam works.

Moving along, here we see a fake testimonial by a cheap fiverr actor named hanoi66. In this gig the performer is spewing lies about how he invested $250 and made thousands of dollars in a matter of days.

And here is the last nail in the coffin. When you finish the registration process you are not referred to a legit bitcoin exchange or blockchain mining platform. Instead you are referred to some crappy offshore broker (in our case it was option 888) who will spare no expense at manipulating you into funding a rigged trading account.

Bitcoin Code Software Review
The sales video starts by saying that in the past 90 days 3 people have had their lives change after investing in bitcoin. Then it goes on to say that over $13,837 were cleared into the bank accounts of new Beta Testers during the last  24 hours only. And now it’s your turn to join the Bitcoin Code!

Then we have the infamous banjoman15 lying through his teeth about how much money he made through this software while trading Bitcoin, and now he is on his way to becoming a millionaire for the first time in his life during the next 30 days.

Bitcoin is the “new opportunity on the horizon”, but you will only be able to profit if you are one of the early investors. This is why this offer is for action takes not tire kickers, so you must move quickly before this opportunity passes by and you are left with nothing except a hefty portion of “regret and frustration.”

Who is Steve McKay?
A software developer turned investor turned millionaire-maker. He was NOT featured on Forbes or CNN (we checked it), and the 100 Million Dollar man is a pure invention. According to the story 3 years ago he knew nothing about investing, he was just a developer working for a Wall Street firm. One day his boss asked him to work on a new bitcoin software for rich clients. Turns out his boss tricked him into inventing his personal ATM software (a virtual cash cow). Eventually McKay tried it for himself and since then he never had to worry about money again. Now he is giving it away to 25 new beta testers because it’s his dream to create new millionaires.

Is it Free?
No, and they even say it costs at least $250 so that’s the only fact they didn’t lie about. The rest is full of fabrications and half-truths.

Fake Reviews
We are actually one of the first ones to review the Bitcoin Code, so there is not much out there just yet. But give it a few days and we are sure you will find some “reputable website” which will write a favorable review for a decent bribe in the form of commissions or just a flat fee.

How To Differentiate Between a Legit Bitcoin Exchange and a Scam
When investing in BTC one has to search for a reputable broker or exchange like Bitmex, Cryptopia, or BitFinex. The way Bitcoin investing really works is in many ways similar to Forex. You can either trade the margins and profit based on market price changes, or alternatively purchase Bitcoins for a fee from a licensed brokerage and then sell or hold on to it according to market rates and fluctuations.

The Bitcoin Code is neither of the two, hence it is a SCAM by definition. The way it works has nothing to do with market feeds or advanced trading algorithms. What you have in place are sneaky brokers who are simply adding another fake asset to their offering and are in essence controlling the payout percentage. In other words, they are manipulating the trading software (which is totally rigged) so you would lose your money and they can collect your losses. That is the essence of what Bitcoin Code is about. If you really want to invest in Bitcoin just leave a message below and we will point out a few legit options.

Viral Scams Trending
The hot scams trending these days are Quantum Code (as usual) and Binary Robot 365.

Signals Versus Trading Robots
If you are deliberating and not quite sure then you are definitely not alone. Our staff of diligent researchers has combed the internet in search for the best and most consistent money-producing apps as well as profitable crypto systems. We have shortlisted the few we believe to be worthy in our recommended section, so feel free to check it out.

Review Summary and Conclusions – Confirmed Scam Without a Doubt!
The Bitcoin Code app and automated trading software by Steve McKay is sleazy investment scam designed to bait innocent day traders and trick them into registering with and funding trading accounts under false pretenses. Don’t even think about joining this thieving program, and don’t say we didn’t warn you about it. If you do decide to test the waters and divulge your financial information such as credit card number, you should not be surprised if you are overcharged or alternatively receive an inflated credit card statement with strange charges. The people operating this SCAM are professional con artists specializing in identity theft, credit card fraud, and software manipulation. The second you deposit your account balance will most likely disappear so you can kiss your money goodbye. If for some reason you believe the Bitcoin Code to be legit or genuine, then maybe online trading is not for you and you should probably be doing more research about other ways to make money online. To finalize, once again we have no choice but to blacklist this cheating software and refer our members to more reputable systems. Don’t forget to join our  Facebook Page and YouTube channel for more updates.

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Featured Comment

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    IanM • 4 months ago

    They are total scumbags. I started with them about 4 days ago on the basis of an ad on the Bolt blog, This said that Elon Musk had invested $72 mill into the company and will make financial decisions about the company.So i filled the registration form making sure that I did not tick the "I read terms and conditions", since these were nowhere to be seen. i sent them $US500.00. To my surprise I was now dealing with FTO Capital, which I assumed was a subsidiary.
    The next day I found that the Elon Musk story was a total fabrication. So I found FTO capital's withdrawal form which asked how much i wanted to withdraw. Since there was no way of typing anything into the window I tapped the button next to it and the sum of $1 appeared. From then on each tap added 1 dollar to the display so that I had to tap the button 500x!! I kid you not. I sent it off. 
    The poor buggers who make $13000 would be like the old time Morse code telegraph operators. 
    This triggered a number of phone calls most with very heavy chinese accent, trying to disuade me, play on my greed and every manipulation of a trained salesperson. Then I received an email that I had to supply color photos of ID, identity theft is probably the next thing. I complied,no money as yet. I do not know how these people sleep.

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    IanM • 4 months agoFeatured by Binary Scam Alerts

    They are total scumbags. I started with them about 4 days ago on the basis of an ad on the Bolt blog, This said that Elon Musk had invested $72 mill into the company and will make financial decisions about the company.So i filled the registration form making sure that I did not tick the "I read terms and conditions", since these were nowhere to be seen. i sent them $US500.00. To my surprise I was now dealing with FTO Capital, which I assumed was a subsidiary.
    The next day I found that the Elon Musk story was a total fabrication. So I found FTO capital's withdrawal form which asked how much i wanted to withdraw. Since there was no way of typing anything into the window I tapped the button next to it and the sum of $1 appeared. From then on each tap added 1 dollar to the display so that I had to tap the button 500x!! I kid you not. I sent it off. 
    The poor buggers who make $13000 would be like the old time Morse code telegraph operators. 
    This triggered a number of phone calls most with very heavy chinese accent, trying to disuade me, play on my greed and every manipulation of a trained salesperson. Then I received an email that I had to supply color photos of ID, identity theft is probably the next thing. I complied,no money as yet. I do not know how these people sleep.

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      binaryscamalerts Mod  IanM • 4 months ago

      Hi Ian. You are correct its a total scam. They are using fake news. Very misleading.

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        IanM  binaryscamalerts • 4 months ago

        Is there anything I can do to prevent Identity theft that you know of? I sent them a photo of my driving licence, photo of the credit card I used with some digits covered on the front and number on the back covered,as requested and a phone bill with an address at home. They said this was some regulation before being able to return the money to make sure that I was not laundering money for instance for a terrorist organisation. Clearly just being difficult.

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          binaryscamalerts Mod  IanM • 4 months ago

          Just monitor the credit card statement like a hawk. Make sure they dont over charge you. Identity theft is less frequent.

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            IanM  binaryscamalerts • 4 months ago

            I have actually blocked the card for payments to anybody but the account will still receive payments such as a refund. I sent FTO an email informing them of this. The chap at the bank informed me that they could arrange for FTO and entities linked to them to be blacklisted for credit card trade for fraud. I have not heard of this before.
            Congratulations on your reviews. People like you should be nominated for Prizes and Awards. Cheers

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    Sayar Aung • a month ago

    Please how do I get these crooks off my back? They can't stop calling me

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    Jacqueline • a month ago

    Yes Julie Brandon I have been scamed by FTOCAPITAL invested thousands made thousands but could not get a penny back I am to frightened to give all my passport or bank details to them as they will take my identity or more money out

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      Olyvia Danielsen  Jacqueline • 6 days ago

      Hi, I have been trading with FTO Capital for about 6 month, the first time I asked for withdrawal they asked me to present a valid ID, at first, I was frightened and a friend of mine told me it was okay because they just want to make sure that your fund's are secure and to avoid fraud.

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        binaryscamalerts Mod  Olyvia Danielsen • 5 days ago

        Hi Olivia, This is tricky but technically if you are invested and want to get paid you have to produce official ID and they are right for asking for it. In such cases we usually recommend to send everything to the broker as fast as possible so as to not give them excuses for declining withdrawals. IF you feel you are being cheated and the payouts are not being wired to your bank account then please notify us immediately. We have heard excessive complaints from day traders investing via the BITCOIN CODE SCAM who were refused payouts, however we judge things on a case-by-case basis. TY, PAT

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      binaryscamalerts Mod  Jacqueline • a month ago

      Hi Jacqueline, how much are you owed? Thanks, Pat

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    Julie Brandon • 2 months ago

    Hi 
    Just wondering if you have heard of brokers FM Capital it's in London

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    Leonie Hayward • 2 months ago

    Hi there, I am very, very new to this. I am recieving so many e-mails/phone calls after enquiring about the Bitcoin Code. A few months ago I registered and now I am getting different e-mails stating that I have earned 9,000.00 +10,000.00 in each of these e-mails, saying this money is mine to have!!!! follow the proceedures to withdraw. In replying I am unable to send my e-mails or contact anyone. I am worried to go into Bitcoin code website, (if I can), and am not happy about seemingly be sent to all these brokerage companies who wont stop ringing. I have not put monies into this, and I know this should be a warning, but you will always question something to make life a little better for yourself, especially when it sounds a great way of making monies to get back on your feet, unfortunately. Would like hear your a response from you. Cheers Leonie

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    hartietina9atgmaildotcom • 4 months ago

    I registered with vix500 it all started well, first few withdrawals came through with no delays so I deposited more money. I haven't heard from them and I'm getting worried. I have a lot in this account. At this point im considering my options.

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    DanThePipMan • 5 months ago

    Hi Pat, 
    I had joined this Bitcoin Code program and had someone calling me every day from an unregulated broker named VCTrader for the past week. I invested around $400 and lost everything in about 4 hours give or take, but thats not the worst part. It's my fault for not doing my due diligence, but when I saw my credit card bill I was shocked to see that I was charged for $2,500. When I tried contacting these people they told me in a very threatening way to keep my mouth shut, but I don't like being threatened so I called up my bank manager who also happens to be my friend. We had drinks and these guys are being reported to the local police. The bitcoin code ended up to be a classic bait and switch scheme, and my account manager Jeremy Hill turned out to be a scammer and liar. This is not what I had planned, but it seems the bank will report them to the local government here and they will not be able to accept credit card transactions any more since they will be blacklisted. Im just sorry I saw this after making the mistake of joining the Bitcoin Code, I should have know it was too good to be true but could not resist it. Anyways, I appreciate you taking the time to warn people like me. Thanks, Dan

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      binaryscamalerts Mod  DanThePipMan • 5 months ago

      Hi Dan, you are not the fist and probably not the last to get scammed by the Bitcoin Code. There's no way these crooks will not go unpunished for their crimes, its just a matter of time. Anyways, thanks for letting us know and please PM me and we will try to get your money back. TY Pat

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    Grace J. • 5 months ago

    Has anyone gotten their money back from this?

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      binaryscamalerts Mod  Grace J. • 5 months ago

      Hi Grace,
      The Bitcoin Code is just awful and people are not being able to cash out their money or winnings. We can't overstate how much of a scam this system is Bitcoin Code has been explained by our staff extensively in 2 in-depth reviews and investigations. It is totally blacklisted and that is a fact, please avoid it and never deposit any money.

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    Steve Mathews • 5 months ago

    Wow just how hard is it to find these prople advertising on these other sites?

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    Ed Klosic • 5 months ago

    Those people out there that write fake reviews are just as bad as the people running this scam.

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    Nathan • 5 months ago

    The pictures used for these so called reviews dont look like normal pictures a person would use for their accounts. Must be stock photos?

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    Dylan • 5 months ago

    I think what gets people is that little word guarantee. He guarantees $13,000 is 24 hours. Guarantee is like a promise or you get your money back...but i guess thats not the case here.

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      binaryscamalerts Mod  Dylan • 5 months ago

      Hi Dylan, nothing is guaranteed and this is a bogus Bitcoin offer. These crooks are trying to ride the latest Bitcoin wave of success and in this context bait potential traders. There is a huge difference between a legit bitcoin exchange and bitcoin trading as opposed to what we are seeing here with the Bitcoin Code and Steve McKay. A real BTC exchange will charge you a fee for buying cryptocurrencies, and then you have the option of selling the currency or holding on to it depending on your evaluation of the market. Mining bitcoin is in reality a profession, and there are people who have made millions and retired since then. Satoshi Nakamoto may be real or imaginative, but the amount of Bitcoin Millionaires which have been produced during the past 2-5 years is staggering. We have had a lot of discussions about how to invest in BTC, Bitcoin Mining, BTC price index, AND BTC TO USD spreads and margins. There are a few brokers that offer BTC at reasonable exchange rates, and we keep checking them constantly. So if you want to buy BTC or invest long or short term please message us because we have done all the research and will surely save you all the headache and cut down the learning curve to make sure you get the best margins on your contracts. Just make sure to avoid Bitcoin Code, we know it is an investment scam.

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        Dylan  binaryscamalerts • 5 months ago

        Ive heard of mining bitcoin but have no idea what that means. Do you know? I dont want to get caught by one of these scammers

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          binaryscamalerts Mod  Dylan • 5 months ago

          Hi Dylan,
          Bitcoin mining is the means by which transactions (purchases and sales of the cryptocurrency) are validated and calculated (added or deducted) in the public ledger (AKA block chain). This is also how new bitcoins are released into the market. if you have internet access and some startup money you can start mining. This is the real Bitcoin Code, and it has nothing to do with Steven McKay or the scam brokers introduced here. There are more technical explanations available on sites like github or stackoverflow, but unless you are a programmer it would not make sense.

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    George • 6 months ago

    This is just crazy, using Bitcoin to lure people?! I'm sure a ton of people are falling for this. If I understand Bitcoin I know I would have fallen for it to!

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      binaryscamalerts Mod  George • 6 months ago

      Hi George, Bitcoin Code is a fraudulent piece of trading software. The so-called CEO of the Bitcoin Code App claims he has made about $100 million dollars using his software. If you believe this then you will most likely be suckered into investment scams, and Bitcoin Code is a cheap one. We are familiar with these dubious crooks and know exactly who they are and how much money they have stolen in the past. Bitcoin Code is just the latest in a string of financial scams designed to bait, victimize, and lure innocent opportunity-seekers into a web of lies and deception in order to fleece their wallets. Again, making money on the Bitcoin cryptocurrency is possible, but this hoax is nothing but a dirty ploy masterminded by cyber-criminals. We urge you to refrain from buying into this bogus app and move on to other more genuine trading software.

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        romel  binaryscamalerts • 4 months ago

        Yesterday I just did create and funded my account in bitcoin code, I'm not expecting what happens next, my account is continuously deducting even if I didn't do any trading yet, I try to speak with their broker partner and they are just saying that is part of the trading activity, but upon checking my bitcoin code account, it show's that I didn't do any trading yet. now I realize that I've been scammed. too bad for me

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    Nikita • 5 months ago

    I have to admit, the site looked legit to me and my gaurantees didnt come through ☹

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      binaryscamalerts Mod  Nikita • 5 months ago

      Hi Nikita,
      Of course it looked legitimate, they are exploiting the latest Bitcoin craze. People are confusing the real Bitcoin success stories with this piece of crap and that is why they are successful at baiting potential opportunity seekers.

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  • Bitcoin Loophole SCAM Review, App Linked to Bitcoin Ponzi Scheme

    • 4 comments 
    •  
    • 3 months ago

    binaryscamalerts — No problem Carol. Bitcoin Loophole is a nasty scam and its going viral.

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How to buy Litecoin with Paypal, a Credit Card or a Bank Transfer By Ofir Beigel

 

38 Comments Last updated on December 26th, 2017 at 03:52 pm Note: If you’re looking to buy Dash for trading purposes only you may want to check out  Plus500 Litecoin CFD trading. Keep in mind that when trading CFDs your capital is at risk. What is Litecoin in a nutshell? Litecoin was created by Charles Lee, a former employee of Google. It has taken the general idea behind Bitcoin, but changed a few key component: The block time, is 2.5 minutes versus 10 minutes for Bitcoin. The mining algorithm which blocks the use of powerful ASIC miners like you have in Bitcoin. The total number of Litecoins available is 84 million as opposed to Bitcoin’s 21 million. How to buy Litecoin? (PayPal, credit card, bank transfer) Litecoin, Bitcoin’s younger brother has recently taken off to new heights. Since Litecoin reached its all time high on December 2013 of $38 it then plummeted and kept a steady exchange rate of around $3 for the last 3.5 years. However recently Litecoin started booming again, many people say this is due to the fact the currency has adopted the Segwit soft fork implementations. Today Litecoin is trading over over $40 on most major exchanges. In this post I will cover how you can buy Litecoins using a credit card, your Paypal account or wire transfers. Keep in mind that using the first two methods will probably cost more than using the wire transfer. This is due to the fact that if you buy Litecoin with Paypal or a credit card the seller takes the risk of your requesting a chargeback on your transaction.   Step 1 – Get a Litecoin wallet Before you buy your Litecoins you should first get a wallet to store them on. Between some of the  most popular wallets today for Litecoin are Coinbase, Exodus and Jaxx. If you’re looking for better security for your Litecoins you can use hardware wallets like TREZOR or Ledger to store them as well. Step 2 – Find a Litecoin exchange One of the main issues it’s currently hard to buy actual Litecoins is because most exchanges trade it only for Bitcoins (and not for USD or EUR). Therefor one option you have is to buy Bitcoins and then exchange them to Litecoins on exchanges like Polonix, BTC-e or Shapeshift. However, there are some exchanges that allow you to buy Litecoins directly. eToro – Platforms like eToro don’t give you actual access to your coins and you can’t send coins from eToro to other people. The only thing that can be done with the platform is to buy and sell Litecoin for fiat currency (i.e. Dollars, Euros, etc.). Meaning this platform is good if you only want to speculate on the price. This method is only valid if you live outside of the US. Coinbase – Allows you to buy up to $500 worth of Litecoins using your credit card. Higher limits can be achieved once you verify your identity. Coinbase accepts buyers from 33 countries around the world and the fees on the exchange are relatively low (mainly for ACH transfers inside the US). Bitpanda – Allows you to buy Litecoin using your credit card, Skrill account, SEPA transfer or SOFORT transfer. Buying on Bitpanda requires verification and buying limits are relatively low (600 euros). Bitstamp – One of the oldest cryptocurrency exchange out there. Bitstamp allows you to buy Litecoin through a wire transfer of USD or EUR. You can also exchange your Bitcoins to Litecoins as well. Step 3 – Buy Litecoins and withdraw them to your wallet Once you decide on an exchange, open an account and buy the Litecoins. Make sure to withdraw the Litecoins from the exchange to your personal wallet. Never leave coins in an exchange as you risk losing them if the exchange gets hacked or shuts down. Can I buy Litecoins with Paypal? If you’re looking to buy Litecoins with Paypal there is no direct option. You’ll need to buy Bitcoins with Paypal through Virwox or other options (as shown below) and then exchange them to Litecoins on an exchange like changelly. Important update! VirWox is delaying new user transactions for up to 48 hours. This means that it can take you 2 days to complete this process. This is still way faster than using a wire transfer but keep in mind that this will probably not be instant (although in some cases it is relatively faster). If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site. A few things to keep in mind before we begin. The first is that it’s really hard to buy Bitcoin with Paypal  because of the risk it poses to the seller. It’s still possible but now we come to the second point. Since we can’t buy Bitcoin with Paypal directly, we will buy it using a workaround. This workaround causes the transaction fees to be higher. I find this process still worth the cost because of the extreme volatility of Bitcoin. Also the minimum amount to buy in this process is 0.002BTC, so don’t use this process if you want to buy less than that. Open an account in VirWox The first thing you’ll need to do is to go to VirWox (Virtual World Exchange) and open a new account – look for the “Not registered yet” link as shown in the image below: Now just fill in your personal details. Where it asks you about your avatar name just leave it at “no avatar” and click “Register. Once this step is done you’ll be sent an email with your password. IMPORTANT – Don’t forget to change your password In the email from VirWox you will receive a password. Log into VirWox with that password. I strongly recommend you change it once inside since you will be transferring money through this account. You can do this under “change settings” as shown here: Fund your account through Paypal  Now go to “Deposit” and choose the “Paypal express” method. Enter the amount of USD/EUR you want to deposit and click the Paypal checkout button. Note that if your account is new you will have a max limit on how much you can deposit. In time this limit will be removed and you will be able to deposit more and more. Once the account is funded it’s time to buy some SLL (Second Life Lindens) and exchange them into Bitcoins. Start off by buying SLL in the SLL/USD exchange  as shown here: After you see the SLL in your account (top left) you will now need to exchange them to Bitcoins. Go to the SLL/BTC exchange and exchange you Lindens to Bitcoins: Withdraw you Bitcoin Go back to VirWox and transfer your funds into this Bitcoin address: Now you can use Changelly or Shapeshift to exchange your Bitcoins to Litecoins.

Read more: 3 Simple Steps to Buying Litecoin - A Beginner's Guide (2017 Updated) | 99Bitcoins

 

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Now that you know what Bitcoin is it's time to choose your Bitcoin wallet. In this lesson we will go over the different types of wallets out there, pros and cons, and understand how to decide which wallet is best.

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Did you know you can generate Bitcoins by using a special computer? This lesson is all about Bitcoin mining - the way Bitcoin are "born". We will explain what mining is, how to become a miner and what you should take into account before taking your first steps.

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Now that you've got the Bitcoin basics covered it's time for a short recap. In this lesson we will go over the path of a single Bitcoin from the moment it is sent until it's received on the other side. Once you complete this short lesson you'll understand exactly how Bitcoin works.

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It's time to buy your first Bitcoins! In this lesson we will go over EVERYTHING you need to take into account before purchasing your Bitcoins. How to choose an exchange, what payment methods will give you the best rates and more are all covered here.

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https://99bitcoins.com/who-support-bitcoin-cash-the-complete-list/

Who supports Bitcoin Cash (the complete list) By Steven Hay

Last updated on September 21st, 2017 at 11:21 am On Tuesday, August 1st at 4 AM (UTC),

what many are describing as an altcoin will fork off from the main Bitcoin network. August 1st is also the scheduled activation of BIP 148, also known as the User Activated Soft Fork (UASF).

The new, forking coin, Bitcoin Cash, will launch as a so-called User Activated Hard Fork (UAHF) – in reality; a Miner Activated Hard Fork. All Bitcoin (BTC) holders will receive an amount in Bitcoin cash equivalent their Bitcoin holdings. Note: If you find yourself confused by all this “fork talk,” check out this article on the subject or Andreas Antonopolous’ excellent “Forkology” presentation). A Brief Guide to Bitcoin Cash Major Chinese ASIC manufacturer and mining pool operator, Bitmain, planned and coded a response to the possibility of a UASF-induced fork. This code, originally termed Bitcoin ABC and now known as Bitcoin Cash (ticker symbol BCC or BCH), will fork to a version of Bitcoin without SegWit but with an 8x larger blocksize. Currently, Bitcoin Cash is estimated to have the support of just 0.26% of total Bitcoin mining hashrate and its price on the ViaBTC futures market is approximately 12% of Bitcoin’s. How these figures will develop after the fork occurs is a highly speculative matter. Daily chart of Bitcoin Cash futures price on ViaBTC; currently the only available market. The present exchange rate of CNY to USD is 0.14. The consensus appears to be that Bitcoin Cash will fail to gain meaningful traction. Without massive financial support, BCH will likely trade in a 3 (or even 2) digit range shortly after launch, as Bitcoin holders will sell it in masses for Bitcoin or fiat. How Exchanges will Manage the Bitcoin Cash Fork If your bitcoins are safely held in your personal Bitcoin wallet, your BTC balance will be credited and matched on the BCH chain. Splitting the coins then becomes your responsibility, should you wish to trade one side or the other. Make sure to do your research thoroughly before attempting to split your coins; it’s a fairly complex and technical process. After the fork occurs, monitor the Bitcoin Cash price so judge the potential gain against the possible risk, plus the time and effort required. Warning: Beware of services offering to split your coins for you! Unless verified as part of a trusted exchange, wallet or similar Bitcoin company, such offers could well be coin-stealing scams! If your bitcoins are stored on an exchange (which is not recommended for security reasons), the relevant custodian will decide the fate of your BCH. In several cases, you won’t receive any BCH. The following table lays out the stated positions of Bitcoin exchanges and wallets regarding this matter: How Wallets will Manage the Bitcoin Cash Fork Provided your bitcoins are safely held in a personal wallet, you can’t lose your cashcoins. However, there is a slight possibility that malicious miners might steal your cashcoins when you make bitcoin transactions. To avoid this risk, you may wish to split the coins into specific Bitcoin and Bitcoin Cash wallets. Certain wallets will or have released specific updates, services and tutorials for splitting your coins. If your wallet does not support such a feature, you may consider temporarily or permanently moving your coins to a supporting wallet. As always, exercise great care when moving significant values. As Bitcoin Cash wallets require access to your Bitcoin wallet’s private key and password in order to claim cashcoins, you should exercise extreme caution when downloading any Cash wallet. It would be far safer to move your bitcoins to a new wallet with a new privkey and password after the fork occurs. Only once your bitcoins are in a new wallet should you enter your privkey / password into any Bitcoin Cash wallet. This avoids the risk of privkey / password leaks via potential malware. Bitcoin Core (aka Bitcoin QT) Warning: installing Cash on the same machine as Core is dangerous. Using default installation options, Cash will overwrite and corrupt Bitcoin Core data – potentially wiping your real bitcoin balance! Learn about the Bitcoin data directory and back it up – especially of your wallet.dat file! – before installing Cash. Bitcoin Core will not support Bitcoin Cash in any way. Electrum While the latest version of Electrum, 2.9, is capable of distinguishing between competing chains, Electrum does not officially support Bitcoin Cash. Indeed, they consider the “Electrum Cash” fork of their software to be a trademark infringement. Exodus The combined wallet and exchange service, Exodus, will not support Bitcoin Cash, either through splitting or providing a market. Trezor The popular Trezor hardware wallet will support Bitcoin Cash. Trezor’s web interface will feature a tool for safely splitting your coins. Consult Trezor’s official statement for further information Ledger The popular Ledger hardware wallet will also support Bitcoin Cash. Their Chrome wallet interface will also feature a split utility and a selector for both chains. Consult their official statement for details. Jaxx Since Jaxx users are always in control of their private keys, corresponding Bitcoin Cash (BCH) will be safe in your Jaxx wallet. However, please know that you will not be able to access/send/receive your Bitcoin Cash (BCH) until the integration takes place. Blockchain.info If you have a Blockchain wallet, it is essential that you retain your wallet and corresponding recovery phrase and not delete them, even if you empty the BTC balance. Also if you are considering withdrawing funds from exchanges that will not support BCC, it is safe to withdraw to your Blockchain wallet. In the event of two separate blockchains after August 1, 2017 Blockchain.info will support the longest chain. As of today, Blockahin.info has no immediate plans to fully support the Bitcoin Cash fork within our main product. But, if BCC develops into an actual chain and market, you will be able to use your recovery phrase to export your funds and use them on that chain, regardless of whether or not Blockchain chooses to support it. Keepkey KeepKey plans to support all forks of bitcoin as unique currencies and will allow you to swap between them with ShapeShift. Copay Copay has no immediate plans to support BCC. Since these apps are true bitcoin wallets, users hold the private keys and have full, exclusive access to their funds. While users will not be able to observe a BCC balance or create BCC transactions at this time, it is possible to access BCC at a later date with additional software. BTC.com If the fork is successful you will automatically have the equivalent amount of BCC as the amount of BTC stored in your BTC.com wallet. When in doubt visit BitcoinCash.org to see if your exchange or wallet is supported. Have additional info to share? Feel free to leave it in the comment section below.

Read more: Who supports Bitcoin Cash (the complete list) | 99Bitcoins

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