Buy and sell Bitcoins & Litecoins in Vancouver, Calgary

Bitcoin Trading & Cryptocurrency Trading Bots | Business & Industrial | Vancouver | Kijiji

submitted by BitcoinTraderfx to Crypto_General [link] [comments]

Vancouver Resident Gets Sentenced to US Jail for Unlicensed Bitcoin Trading

Vancouver Resident Gets Sentenced to US Jail for Unlicensed Bitcoin Trading submitted by leftok to atbitcoin [link] [comments]

Vancouver Resident Gets Sentenced to U.S. Jail for Unlicensed Bitcoin Trading

submitted by ecoinland to coinzine [link] [comments]

$100K traded through Vancouver's Bitcoin ATM in one week “We’ve had lineups all day every day”

$100K traded through Vancouver's Bitcoin ATM in one week “We’ve had lineups all day every day” submitted by DTanner to Bitcoin [link] [comments]

OTC Trades thru Vancouver Bitcoin

Vancouver Bitcoin is now offering OTC trades for miners looking to liquidate.
We're a smaller company so we work harder and for less to get you the best prices. Our robust network includes not only other OTC desks but wealthy individuals, businesses and hedge funds looking to invest. Unlike the larger firms with big names and big overhead, our lean office will hammer the phones and scour other desks and sources to get you the most for your coin. We can handle any volume, with a minimum of 5BTC to qualify for OTC service. If you're interested in getting more for your mining, please get in touch:
Address: 1807 Burrard Street, Suite 202, Vancouver, BC, V6J 1H9
Phone: (604) 559-9499
Email: [[email protected]](mailto:[email protected])
Website: www.vancouverbitcoin.com
submitted by vancouver-bitcoin to BitcoinMining [link] [comments]

OTC Trades thru Vancouver Bitcoin /r/BitcoinMining

OTC Trades thru Vancouver Bitcoin /BitcoinMining submitted by SimilarAdvantage to BitcoinAll [link] [comments]

$100K traded through Vancouver's Bitcoin ATM in one week (with video)

$100K traded through Vancouver's Bitcoin ATM in one week (with video) submitted by mcantelon to vancouver [link] [comments]

Vancouver Mall ATM trades in Bitcoin

Vancouver Mall ATM trades in Bitcoin submitted by knight222 to btc [link] [comments]

$100K traded through Vancouver’s Bitcoin ATM in one week

$100K traded through Vancouver’s Bitcoin ATM in one week submitted by elephantee to canada [link] [comments]

Vancouver Mall ATM trades in Bitcoin https://t.co/2TaXwHOm3h https://t.co/hayPTSt85W

Vancouver Mall ATM trades in Bitcoin https://t.co/2TaXwHOm3h https://t.co/hayPTSt85W submitted by RimBit to RimbitCrypto [link] [comments]

Vancouver Mall ATM trades in Bitcoin /r/btc

Vancouver Mall ATM trades in Bitcoin /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

$MOGO Aug. 11 Earnings Catalyst - Expected to Beat Q2

$MOGO - Mogo Finance Technology - www.mogo.ca
A Canadian, digital based finance company, is a digital challenger to the banks in Canada, empowering consumers with simple solutions to help them manage and control their finances. Partnered with Canada's largest news media company for its marketing campaign, driven to introduce Millennials and Gen-Zed to adopt digital financial independence in a changing, cashless world.
What does Mogo provides its consumers?
+Spending/Bank Account (MogoSpend/MogoMoney) +Free credit score monitoring and financial reporting +Fraud protection +No fee Bitcoin trading* +Small loans, car loans, mortgages, etc.
Stock Trending:
Pre-COVID Jan. 7, 2020: $3.00 USD dropped to as low as $.55 a share 52-week high: $3.88 Today's low $2.04 as of Aug. 5, 2020 52-week low: $0.55
Aug 5, 2020 volume: 2,169,755 30-day average volume: 1,544,400
Financials: This company is expected to post quarterly loss of $0.07 per share in its upcoming report, which represents a year-over-year change of +58.8%. (\Note strong despite COVID-19)*
Revenues are expected to be $7.68 million, down 37.3% from the year-ago quarter. (\Note COVID-19)*
Mogo is expecting to report on its Q2 earnings on August 11, 2020:
Company is expected to BEAT earnings.
Financial reports: https://investors.mogo.ca/
News:
Mogo Announces Preliminary Second Quarter 2020 Financial Results: Business Wire Article Selling Mogo Stock Would Be a Big No-No: Article 7.29.20 Mogo should rally big time, Mackie Research says: Article 3.30.20
Price Targets: C$4.00 Mackie Research ($3.01 USD) Post-COVID C$4.00 Canaccord Genuity ($3.01 USD) Post-COVID ($7.00 USD) Pre-COVID
Environmentally Conscious:
Mogo has partnered with Vancouver-based Offsetters, a company that specializes in helping companies go green including managing offsetting projects. The current project supported by Mogo is a certified REDD+ initiative focused on protecting the Amazon Rainforest, one of the largest absorbers of CO2 on the planet today, from deforestation.
submitted by MightyMiami to pennystocks [link] [comments]

$100K Traded Through Vancouver's Bitcoin ATM in First Week

submitted by icymirss to InCaseYouMissedIt [link] [comments]

$100K traded through Vancouver's Bitcoin ATM in one week (with video)

$100K traded through Vancouver's Bitcoin ATM in one week (with video) submitted by kaax to Bitcoin [link] [comments]

P-REP Proposal; ICON, 20% exposure in top crypto event of 2020, reach 100+ universities/corporate partners (BETTER THAN SLICED BREAD), organized by MouseBelt.

Summary:
Event site: https://www.ri2020.io/
Event date: May 18th, 2020
P-PREP Commitment Date: April 30th, 2020
Telegram: u/markusreisner
We believe we have a strong proposition to market ICON in a meaningful way to some of the largest communities in crypto.
The MouseBelt team has the largest global network of over 100+ universities in 20+ countries. Over the last few months, 10+ university blockchain events we were working with got canceled for obvious reasons.
Due to that fact, and our understanding of our reach we decided to launch a virtual conference. Since April 10th here is what happened:
MouseBelt will invest over $70k+ into this event. We would like to have fellow P-Reps invest $20k (this will go 100% to BlockTV production cost).
The benefit to the ICON community will be:
Background:
MouseBelt is a popular blockchain ecosystem consisting of multiple parts:
MouseBelt as ICON developers:
Our engineering team has implemented token assets on ZenSports (SPORTS), the first STO on the ICON network, and GrowYourBase, the #1 IRC2 application token in market capitalization on the ICON network.
Currently, we are developing the Balanced network in concert with ICX_Station, PARROT9, and Iconosphere. Balanced will bring synthetic assets backed by ICX to the ICON network, as well as tokenized staked ICX. This can assist with both a stable asset for payments, and a base for other DeFi applications
MouseBelt as a P-Rep:
We have been a Main P-Rep most of the time since decentralization of the network and so far had utilized our funds for student education.
Such as the “ICON in a box” workshops and the Milwaukee Blockchain Conference, which we sponsored in a direct ICX payment and the second annual payment for UCLA’s blockchain engineering course.
REIMAGINE2020, Conference details:
Conferences have always been an integral part of the blockchain space to promote projects in the industry.
With recent evolutions around the globe, things have changed. They either got canceled or delayed.
We have created REIMAGINE2020, a virtual conference.
Shared by the ICON Foundation on April 18.
We can effectively and efficiently promote ICON to the world through Reiamgine2020 | BlockTV. The driving force behind the conference is: highest quality of Content matched with the best production quality for Video. The funds will allow MouseBelt to promote ICON logo/branding throughout the conference/programming for straight 72 hr of live streaming. Additionally, we have the opportunity to properly place ICON logo/branding in highly favorable on-screen placements (tickers/commercials/plugs and continuous branding) reaching 5M viewers globally. ICX Station is providing a Keynote to drive global interest.
Confirmed partners
Schedule & Format
Production Status
Audience
In addition to the communities of our confirmed partners and universities we are targeting:
1. Viewers - Tuning into the livestream, attending a workshop, or watching the content post-conference.
2. Participants - Speakers, partners, and sponsors
3. As far as hard data for "attendees" we have two signals:
submitted by patrickMouse to helloicon [link] [comments]

Why Bitcoin remains a marginal vehicle for store of value (at best) vs. Gold

There is no doubt that times like these necessitate asset diversification.
Some candidates include Bitcoin (“BTC”) and Gold (“XAU”). We have an on-going debate with one of my best friends about Bitcoin.
He is a firm believer in BTC due to (i) the printing of money by central banks, (ii) the lost of faith in governments and (iii) the technological advantage over traditional gold
[Original post with charts: https://bankeronwheels.com/bitcoin-a-marginal-vehicle-for-store-of-value/ ]
I think of BTC as an electronic version of gold:
Lindy effect – which is most likely to survive?
If you store value, the most important aspect is for the asset class to survive. Made popular by Nicholas Taleb, the Lindy effect states that the future life expectancy of some non-perishable things like a technology or an idea is proportional to their current age, so that every additional period of survival implies a longer remaining life expectancy.
Gold has been around for centuries and will be around in the next decades. As with Bitcoin, the currency may be around or could be replaced by a more efficient one (e.g. from transaction perspective). If you consider some of your savings as a means to secure a future for you and your kids then Gold is much more likely to fulfill this objective – although one needs to be reminded that this both asset classes don’t generate any income and as such can be used as diversifiers and potentially partially rotated into more risky assets when the market turns.
Price stability
If we assume that currently the main use for both is the store of value (BTC is only marginally used as transactional currency) then price stability is key. Gold prices are more stable and largely correlated to (i) real rates (ii) strength of USD and (iii) macro outlook. Arguably, Gold is less prone to price manipulation as one of the most traded assets (daily volumes can be as high as the total market cap of BTC).
It goes without saying that BTC can provide you with better returns as it’s more speculative in nature. The purpose of this blog however is to analyse assets from a savings allocation perspective and thus taking into consideration the risk you’re taking.
Insurance against market crash
While both BTC and XAU increased in value along with other risk assets prior to the crisis, the subsequent drop was much more significant for BTC while XAU only experienced marginal losses due to forced liquidations from investors highlighting the speculative nature of BTC.
As such Gold provides a good insurance policy as long as the crash in not excessively severe in nature – in 2008 Gold has initially dropped in value due to liquidations before rallying.
Another potential diversifiers that act as insurance for equity portfolios are government bonds. Treasuries have also experienced some volatility due to liquidations but are different to BTC and XAU as the FED controls the short term maturity asset yields and now even considering controlling the longer end of the curvesimilar to other countries like Japan or Australia
Doom scenario(s)
Both assets have major issues since Gold can’t be easily transported/accessed in case of a major natural disaster and BTC will miserably fail when electricity is down (earthquake, tsunami etc). Electronic Gold suffers from the same shortcoming hence physical gold has an edge here
Possible Near term Prospects
The technology behind BTC is very powerful. I’d also agree that conceptually is the best form of money that has ever been invented. Regarding BTC, in the end my friend and I will probably meet somewhere in the middle . A marginal part of the receivers of US fiscal measures may invest the cash in BTC. I have seen a large group of anti-establishment people on the West Coast while cycling from Vancouver to San Francisco last summer and there is a likelihood that these people will drive the BTC price up in the near term. However, due mainly to the price stability issue and perceived complexity I am yet to see a significant part of population that would allocate a sizeable part of their savings in BTC. And this brings me to my last point – skin in the game. So far, my friend only allocated a small amount of his net worth to BTC…
[As originally posted with charts on https://bankeronwheels.com/bitcoin-a-marginal-vehicle-for-store-of-value/ ]
submitted by bankeronwheels to Gold [link] [comments]

Bitcoin-Friendly Countries

Bitcoin-Friendly Countries
Cryptocurrencies are a new asset that appeared only in 2009 with the first decentralized cryptocurrency – Bitcoin. The authorities of most countries haven’t managed yet how to develop its regulation, but there are already those who have introduced a strict prohibition against digital money, and those who have legalized cryptocurrencies in full.
by StealthEX
Today we prepared for you the list of some of the most Bitcoin-Friendly countries, where blockchain technology is closely intertwining with the life of ordinary people.

The United States of America

From the very beginning, the USA has been one of the pioneers of building the crypto-friendly society. Not surprisingly the United States has the largest number of crypto users and the largest number of Bitcoin’s ATMs in the world.
Today a lot of blockchain startups are working in Silicon Valley like BlockCypher, ThunderCore, Blockstream, CipherTrace, Cryptanna, MakerDAO, Coinbase and many others.

Canada

Canada can boast of two cities that are considered as “Bitcoin hubs” Toronto and Vancouver. Cryptocurrency itself is regulated by laws against money laundering and terrorism financing in Canada.
In this country there is a very lively crypto community and many blockchain startups like Decentral, Vanbex Group were launched here. Nowadays thousands of organizations accepting BTC and other cryptocurrencies for payment are located in Canada.

The United Kingdom

The UK is considered one of the world’s leading financial and innovation centers. Therefore, in this country, there are also numerous blockchain-related projects. The United Kingdom is sure that the popularization of a new payment solution is inevitable and now preparing for the massive adoption of cryptocurrencies. Nowadays you can easily order a pint of beer in some local pubs and pay for it using BTC.
Moreover, the Bank of England is closely monitoring cryptocurrency technologies and even asked the public to put forward ideas on how to improve their monetary constitution. Currently, Bitcoin is regarded as “private money”, where VAT is collected in the usual way from suppliers of any goods or services sold.

Netherlands

This country can be proud not only for being Bitcoin-friendly but also for having its own “Bitcoin City” called Arnhem. Here, almost everything can be purchased using crypto coins, including gas, housing, bicycles, and even dental services.
At the legislative level, cryptocurrencies are not yet regulated in accordance with the Dutch Financial Supervision Act, and as a result, numerous blockchain startups and even the Bitcoin Embassy in the center of Amsterdam have occurred.
In addition, the country’s banking sector, including ABN AMRO Bank and ING, is increasingly considering blockchain technology as a way to improve their own system and reduce costs. Netherlands is a regular participant in conferences regarding the development of Bitcoin.

Japan

Many people believe that this is the birthplace of the famous Satoshi Nakamoto – the creator of Bitcoin. The country is the first and only one that has a proper legal system regulating the trade in digital currencies.
Moreover, the authorities of this country are considering launching Japan’s own national cryptocurrency – digital Yen. Today Japan is of the largest cryptocurrency market.

Malta

In February 2018, the Government of Malta decided to support blockchain-related projects, cryptocurrencies, and ICOs. That’s why many companies are considering moving to this paradise blockchain-island. At the same time, Malta is one of the leaders in online gaming and there are many implemented projects that connect blockchain technology with the gaming industry.

Sweden

Sweden is among countries that want to eliminate paper money in favor of 100% digital currency. The Swedish Financial Supervisory Authority (Finansinspektionen) has legitimized the fast-growing crypto industry by publicly announcing Bitcoin (and other cryptocurrencies) as a means of payment.
Sweden is home to numerous blockchain-based startups, including Safello, Starflow, Norbloc, Strawpay.

Switzerland

Historically, Switzerland has always been famous for the level of its banking system and banking secrecy, so it is not surprising that the authorities of this country didn’t prohibit the circulation of digital currencies.
This country has become a kind of “tax haven” for cryptocurrencies. That’s why many blockchain startups started here and organize the headquarters of their business.

Estonia

This small country is also open to innovative technologies. The government implemented blockchain technology to the healthcare system, banking services and even management, allowing its citizens to be among the first to use municipal and state services via the Internet. With one of the highest levels of Internet penetration in the world, Estonia has a good opportunity to become cryptocurrency capital of Europe.
All the listed countries have demonstrated their hospitality to cryptocurrencies. But of course this is not the comprehensive list and as the crypto community will continue to grow the more countries will be ready to use the advantages of blockchain technology.
We will be delighted to know your thoughts on Bitcoin-friendly countries.
Hit your comments below.
Original article was posted on https://stealthex.io/blog/2020/05/22/bitcoin-friendly-countries/
submitted by Stealthex_io to u/Stealthex_io [link] [comments]

Current Fads in Bitcoin | Nuv Mining

Bitcoin is improved the idea that cash is any object, or any kind of document, accepted as settlement for items as well as solutions and payment of financial debts in a provided nation or socio-economic collection. Bitcoin uses cryptography, or mathematical formulas, to manage the creation as well as transfer of cash, instead of depending on governments and also main financial authorities. Transfers for finances, sales, purchases or any various other approaches of payment can be refined by anyone, making use of a desktop computer, mobile phone, tablet computer, or laptop. This is all feasible without the requirement for a financial institution to work as an intermediary or taping representative.
Nuv Mining
Developed in 2009, Bitcoin is a digital money introduced as open resource software program by an MIT trainee called Satoshi Nakamoto. There is much conjecture as to whether Satoshi is an actual person, or a collection of individuals making use of a pseudonym. Bitcoin are produced by a process termed mining, in which specialized computer full complex mathematic equations and also are compensated with a block of bitcoins. This procedure takes around 10 minutes and the current block rewards 25 bitcoins. The block reward will certainly be halved to 12.5 bitcoins in 2017 as well as again around every 4 years thereafter. By 2140 there will be approximately 21 million bitcoins in existence.
nuvmining
This week has revealed a speedy of task with company owner of all red stripes getting on track with Bitcoin. From small companies in New Orleans, to the Sacramento Kings of the NBA approving Bitcoin for ticket sales and also team materiel, to gambling enterprises in Las vega, Bitcoin is popping up all over. Venture Capitalist Chris Dixon thinks Bitcoin might get to $100,000 if it ends up being the main means of ecommerce (Wired ). The Chief Executive Officer of a major online merchant was priced quote as claiming "Various other stores will certainly not wish to miss out, Bitcoin market is growing by 30% per month." This very same seller saw a 5% boost in sales the very first day it accepted Bitcoin. Zynga Games, among the largest on the internet gaming business, in charge of Farmville, Castleville, and a host of others also began accepting Bitcoin for in game monetary transactions. After the five Large Financial institutions said no to cash from cannabis dispensaries as well as growers, Colorado's lawful cannabis dispensary industry turned to Bitcoin (ZeroHedge ). The Internal Revenue Service has also recently introduced a project that enables tax obligations to be paid with Bitcoin. There has actually been Bitcoin ATM MACHINE's appearing in cities such as Vancouver, Ottawa, and a Bratislava Slovakia mall. Just recently, the New York City Bitcoin ATM was put on hold until a public hearing under the territory of the New York State Division of Financial Solutions can be held.
After flirting with the $1,000 worth following the New Year, Bitcoin has actually been gradually trading at around $950 on the Mt. Gox exchange over the last fortnight and is being well supported by the 50 day relocating average indicating Bitcoin is still distinctly favorable. This was shocking to most experts who thought the governing information appearing of China, India, and Russia would certainly rupture Bitcoins bubble. However, Michael Robinson, with over thirty years of experience in market analysis, believes the majority of experts are wrong. He recommends that the strong improvement we saw in very early December, coupled with the consistent assistance of the 50 day moving average, shows Bitcoin is an exceptionally healthy and balanced market, as well as need to only remain to raise in value.
submitted by Nuvmining to u/Nuvmining [link] [comments]

Why Bitcoin remains a marginal vehicle for store of value (at best) vs. Gold

There is no doubt that times like these necessitate asset diversification.
Some candidates include Bitcoin (“BTC”) and Gold (“XAU”). We have an on-going debate with one of my best friends about Bitcoin.
He is a firm believer in BTC due to (i) the printing of money by central banks, (ii) the lost of faith in governments and (iii) the technological advantage over traditional gold
[Original post with charts: https://bankeronwheels.com/bitcoin-a-marginal-vehicle-for-store-of-value/ ]
I think of BTC as an electronic version of gold:

Lindy effect – which is most likely to survive?

If you store value, the most important aspect is for the asset class to survive. Made popular by Nicholas Taleb, the Lindy effect states that the future life expectancy of some non-perishable things like a technology or an idea is proportional to their current age, so that every additional period of survival implies a longer remaining life expectancy.
Gold has been around for centuries and will be around in the next decades. As with Bitcoin, the currency may be around or could be replaced by a more efficient one (e.g. from transaction perspective). If you consider some of your savings as a means to secure a future for you and your kids then Gold is much more likely to fulfill this objective – although one needs to be reminded that this both asset classes don’t generate any income and as such can be used as diversifiers and potentially partially rotated into more risky assets when the market turns.

Price stability

If we assume that currently the main use for both is the store of value (BTC is only marginally used as transactional currency) then price stability is key. Gold prices are more stable and largely correlated to (i) real rates (ii) strength of USD and (iii) macro outlook. Arguably, Gold is less prone to price manipulation as one of the most traded assets (daily volumes can be as high as the total market cap of BTC).
It goes without saying that BTC can provide you with better returns as it’s more speculative in nature. The purpose of this blog however is to analyse assets from a savings allocation perspective and thus taking into consideration the risk you’re taking.

Insurance against market crash

While both BTC and XAU increased in value along with other risk assets prior to the crisis, the subsequent drop was much more significant for BTC while XAU only experienced marginal losses due to forced liquidations from investors highlighting the speculative nature of BTC.
As such Gold provides a good insurance policy as long as the crash in not excessively severe in nature – in 2008 Gold has initially dropped in value due to liquidations before rallying.
Another potential diversifiers that act as insurance for equity portfolios are government bonds. Treasuries have also experienced some volatility due to liquidations but are different to BTC and XAU as the FED controls the short term maturity asset yields and now even considering controlling the longer end of the curvesimilar to other countries like Japan or Australia

Doom scenario(s)

Both assets have major issues since Gold can’t be easily transported/accessed in case of a major natural disaster and BTC will miserably fail when electricity is down (earthquake, tsunami etc). Electronic Gold suffers from the same shortcoming hence physical gold has an edge here

Possible Near term Prospects

The technology behind BTC is very powerful. I’d also agree that conceptually is the best form of money that has ever been invented. Regarding BTC, in the end my friend and I will probably meet somewhere in the middle . A marginal part of the receivers of US fiscal measures may invest the cash in BTC. I have seen a large group of anti-establishment people on the West Coast while cycling from Vancouver to San Francisco last summer and there is a likelihood that these people will drive the BTC price up in the near term. However, due mainly to the price stability issue and perceived complexity I am yet to see a significant part of population that would allocate a sizeable part of their savings in BTC. And this brings me to my last point – skin in the game. So far, my friend only allocated a small amount of his net worth to BTC…
[As originally posted with charts on https://bankeronwheels.com/bitcoin-a-marginal-vehicle-for-store-of-value/ ]
submitted by bankeronwheels to InvestmentEducation [link] [comments]

Why Bitcoin remains a marginal vehicle for store of value (at best) vs. Gold

There is no doubt that times like these necessitate asset diversification.
Some candidates include Bitcoin (“BTC”) and Gold (“XAU”). We have an on-going debate with one of my best friends about Bitcoin.
He is a firm believer in BTC due to (i) the printing of money by central banks, (ii) the lost of faith in governments and (iii) the technological advantage over traditional gold
[Original post with charts: https://bankeronwheels.com/bitcoin-a-marginal-vehicle-for-store-of-value/ ]
I think of BTC as an electronic version of gold:
Lindy effect – which is most likely to survive?
If you store value, the most important aspect is for the asset class to survive. Made popular by Nicholas Taleb, the Lindy effect states that the future life expectancy of some non-perishable things like a technology or an idea is proportional to their current age, so that every additional period of survival implies a longer remaining life expectancy.
Gold has been around for centuries and will be around in the next decades. As with Bitcoin, the currency may be around or could be replaced by a more efficient one (e.g. from transaction perspective). If you consider some of your savings as a means to secure a future for you and your kids then Gold is much more likely to fulfill this objective – although one needs to be reminded that this both asset classes don’t generate any income and as such can be used as diversifiers and potentially partially rotated into more risky assets when the market turns.
Price stability
If we assume that currently the main use for both is the store of value (BTC is only marginally used as transactional currency) then price stability is key. Gold prices are more stable and largely correlated to (i) real rates (ii) strength of USD and (iii) macro outlook. Arguably, Gold is less prone to price manipulation as one of the most traded assets (daily volumes can be as high as the total market cap of BTC).
It goes without saying that BTC can provide you with better returns as it’s more speculative in nature. The purpose of this blog however is to analyse assets from a savings allocation perspective and thus taking into consideration the risk you’re taking.
Insurance against market crash
While both BTC and XAU increased in value along with other risk assets prior to the crisis, the subsequent drop was much more significant for BTC while XAU only experienced marginal losses due to forced liquidations from investors highlighting the speculative nature of BTC.
As such Gold provides a good insurance policy as long as the crash in not excessively severe in nature – in 2008 Gold has initially dropped in value due to liquidations before rallying.
Another potential diversifiers that act as insurance for equity portfolios are government bonds. Treasuries have also experienced some volatility due to liquidations but are different to BTC and XAU as the FED controls the short term maturity asset yields and now even considering controlling the longer end of the curvesimilar to other countries like Japan or Australia
Doom scenario(s)
Both assets have major issues since Gold can’t be easily transported/accessed in case of a major natural disaster and BTC will miserably fail when electricity is down (earthquake, tsunami etc). Electronic Gold suffers from the same shortcoming hence physical gold has an edge here
Possible Near term Prospects
The technology behind BTC is very powerful. I’d also agree that conceptually is the best form of money that has ever been invented. Regarding BTC, in the end my friend and I will probably meet somewhere in the middle . A marginal part of the receivers of US fiscal measures may invest the cash in BTC. I have seen a large group of anti-establishment people on the West Coast while cycling from Vancouver to San Francisco last summer and there is a likelihood that these people will drive the BTC price up in the near term. However, due mainly to the price stability issue and perceived complexity I am yet to see a significant part of population that would allocate a sizeable part of their savings in BTC. And this brings me to my last point – skin in the game. So far, my friend only allocated a small amount of his net worth to BTC…
[As originally posted with charts on https://bankeronwheels.com/bitcoin-a-marginal-vehicle-for-store-of-value/ ]
submitted by bankeronwheels to Commodities [link] [comments]

I was the lead developer on ezbtc from July 2017 to October 2018. I think it's time I broke my silence.

The stickied thread is outdated and it's about time I broke silence about this shitty "exchange". I've verified my identity with Fiach_Dubh, if anything else is required then let me know. Also, we have no record of the current stickied OP ever having worked for us; I think he was approached and he refused.
It all started on localbitcoins in march of 2016. I was into bitcoin at the time and I was buying and selling on localbitcoins where I began a relationship with David. He was under the username SmilyS. We traded a few times and I had mentioned that I was a developer. We then began correspondence on Skype. He then needed small loans under 1000$ which he always repaid.
I then began working for him in early 2017 just demonstrating my abilities in the beginning. I then ended up starting work for him full time in July of 2017 for ezbtc. Nothing was particularly alarming about the exchange at this point. I then moved to Nanaimo to work closely with him in September 2017. Back then, crypto mania had started, and we were starting to scale. I heard ramblings about Rick Godwin and Ron but figured it was none of my business. This was my foot in the door in the crypto world; a dream of mine.
It was only when I added up numbers in the database that I started noticing that something was wrong. David clearly had millions of user funds but constantly needed loans to keep running. I regrettably helped him set up altcoin balances which further propelled him into debt with his users. David was constantly living out of hotels and being very lavish with his expenses.
Now, I don't think he's necessarily evil. He legitimately thought he earned every penny he was spending and that he was investing in the company's biggest asset: himself.
It was in the summer of 2018 when things really started going downhill. He started being late on paying his invoices. This got to its apex in October where I terminated my working relationship with him.
There are some publications that are thorough with the history of the exchange, I implore people to read them. I can answer some questions you guys may have. Also, in case it isn't clear by now, you should never put a penny in this exchange or any other derivative work David Smillie ever creates.
submitted by Nephelophyte to BitcoinCA [link] [comments]

Nuvmining | What Is Bitcoin, How Is It Various Than "Real" Cash and also How Can I Get Some?

Bitcoin is a digital money. It does not exist in the kind of physical type that the currency & coin we're used to exist in. It does not even exist in a type as physical as Syndicate cash. It's electrons - not molecules.
nuv mining
Yet consider just how much cash you directly handle. You obtain an income that you require to the bank - or it's autodeposited without you even seeing the paper that it's not printed on. You after that utilize a debit card (or a checkbook, if you're old school) to access those funds. At finest, you see 10% of it in a money form in your pocket or in your pocketbook. So, it turns out that 90% of the funds that you take care of are online - electrons in a spreadsheet or data source.
nuvmining
However delay - those are UNITED STATE funds (or those of whatever nation you come from), safe in the financial institution and also ensured by the complete belief of the FDIC approximately about $250K per account, right? Well, not exactly. Your banks might just called for to maintain 10% of its deposits on down payment. In some cases, it's much less. It offers the rest of your cash bent on other individuals for approximately thirty years. It charges them for the funding, and also costs you for the advantage of letting them offer it out.
Just how does money obtain developed?
Your financial institution reaches produce money by offering it out.
State you deposit $1,000 with your bank. They then lend out $900 of it. Unexpectedly you have $1000 as well as another person has $900. Magically, there's $1900 floating around where prior to there was only a grand.
Currently claim your bank instead offers 900 of your dollars to another financial institution. That financial institution in turn lends $810 to an additional financial institution, which after that offers $720 to a client. Poof! $3,430 in an immediate - virtually $2500 produced out of nothing - as long as the bank follows your federal government's central bank rules.
Production of Bitcoin is as different from bank funds' creation as cash money is from electrons. It is not managed by a government's reserve bank, but rather by consensus of its customers as well as nodes. It is not developed by a restricted mint in a structure, however rather by dispersed open source software program and computer. As well as it needs a type of real work for production. Extra on that particular shortly.
Who created BitCoin?
The very first BitCoins remained in a block of 50 (the "Genesis Block") created by Satoshi Nakomoto in January 2009. It really did not really have any type of worth initially. It was simply a cryptographer's toy based on a paper published two months earlier by Nakomoto. Nakotmoto is an evidently imaginary name - nobody appears to know that she or he or they is/are.
That monitors everything?
Once the Genesis Block was developed, BitCoins have actually because been produced by doing the work of keeping track of all deals for all BitCoins as a kind of public journal. The nodes/ computers doing the computations on the journal are awarded for doing so. For each collection of effective calculations, the node is rewarded with a specific quantity of BitCoin (" BTC"), which are after that freshly produced right into the BitCoin community. For this reason the term, "BitCoin Miner" - because the procedure develops new BTC. As the supply of BTC increases, and also as the number of transactions boosts, the job essential to update the public ledger gets harder and also much more complicated. As a result, the variety of new BTC right into the system is created to be concerning 50 BTC (one block) every 10 minutes, worldwide.
Although the computer power for mining BitCoin (as well as for upgrading the public ledger) is currently boosting exponentially, so is the intricacy of the mathematics problem (which, incidentally, additionally needs a certain amount of thinking), or "evidence" needed to mine BitCoin as well as to settle the transactional publications at any type of provided moment. So the system still only generates one 50 BTC block every 10 minutes, or 2106 blocks every 2 weeks.
So, in a sense, everyone tracks it - that is, all the nodes in the network keep track of the background of every single BitCoin.
Just how much is there and also where is it?
There is a maximum variety of BitCoin that can ever before be produced, and that number is 21 million. According to the Khan Academy, the number is anticipated to peak around the year 2140.
Since, today there were 12.1 million BTC in flow
Your very own BitCoin are kept in a documents (your BitCoin purse) in your very own storage space - your computer system. The data itself is evidence of the number of BTC you have, and also it can move with you on a mobile phone.
If that data with the cryptographic key in your wallet obtains lost, so does your supply of BitCoin funds. And also you can't obtain it back.
Just how much is it worth?
The value differs based on just how much people believe it deserves - similar to in the exchange of "real cash." Yet due to the fact that there is no central authority trying to maintain the value around a certain level, it can vary a lot more dynamically. The very first BTC were generally worth absolutely nothing at the time, however those BTC still exist. Since 11AM on December 11, 2013, the general public value was $906.00 United States per BitCoin. When I completed composing this sentence, it was $900.00. Around the start of 2013, the value was around $20.00 United States. On November 27, 2013 it was valued at greater than $1,000.00 United States per BTC. So it's kind of unstable presently, yet it's expected to calm down.
The complete value of all BitCoin - since the period at the end of this sentence - is around 11 billion US bucks.
How can I get me some?
First, you have to have a BitCoin purse. This post has links to get one.
Then one method is to purchase some from one more private party, like these individuals on Bloomberg TV. One method is to purchase some on an exchange, like Mt. Gox.
As well as finally, one means is to dedicate a lot of computer power as well as power to the process as well as become a BitCoin miner. That's well outside the extent of this post. However if you have a couple of thousand extra dollars lying around, you can obtain rather a gear.
Exactly how can I spend it?
There are numerous vendors of all sizes that take BitCoin in payment, from cafes to auto dealers. There's also a BitCoin ATM in Vancouver, British Columbia for transforming your BTC to cash in Vancouver, BC.
And so?
Money has had a lengthy background - centuries in size. Somewhat recent tale tells us that Manhattan Island was bought for wampum - seashells & the like. In the very early years of the United States, different financial institutions printed their own money. On a recent visit to Salt Spring Island in British Columbia, I invested currency that was just good on the beautiful island. The common style among these was a trust agreement amongst its customers that specific currency held value. In some cases that worth was tied directly to something strong and physical, like gold. In 1900 the U.S. connected its currency straight to gold (the "Gold Requirement") and in 1971, ended that tie.
Currently money is traded like any kind of various other commodity, although a certain nation's currency worth can be propped up or decreased through activities of their reserve bank. BitCoin is an alternative money that is also traded as well as its value, like that of various other products, is figured out via trade, yet is not stood up or lessened by the action of any kind of bank, however rather straight by the activities of its individuals. Its supply is minimal as well as known nevertheless, and also (unlike physical money) so is the history of each and every single BitCoin. Its viewed worth, like all various other money, is based on its utility and also count on.
As a form of currency, BitCoin not specifically a new thing in Production, however it absolutely is a new means for cash to be created.
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