Cryptocurrency

[AtW]

You're confusing free at the point of use with actually free. And faster payments is only in the UK between UK bank accounts. Most banks across the word charge for this kind of service.

And why should not they charge for the service?

How much does "Bitcoin" charge for quick confirmation of transaction and how long does it take?

[AtW]

How do governments freeze peer-to-peer exchanges?

You'll soon find out.

[AtW]

What from US to Singaporean dollars? Nothing instant about that transfer in FIAT.

Instant via Paypal.

Well priced too.

Compliant with existing money laundering laws.

Free withdrawal to your bank account.

So all good.

[DimPrawn]

How do governments freeze peer-to-peer exchanges?

Governments have no control over where Apple and Google pay their taxes, why is a government any more able to control a world wide distributed blockchain?

Get onboard or become a dinosaur.

They don't need to. They freeze all the centralised exchanges, and this will be enough to crash the BTC price back to sub $1.

[AtW]

Why would criminals use an open ledger then if it is that moronic?

Jesus.

If criminals were smart they would not be fecking criminals!

Short sighted dumbos who needed some way to get paid and the "bitcoin" offered "anonymity", no money laundering laws, no questions asked basically.

They are about to get rude awakening because evidence from "blockchain" will stand up in court nicely: massive fines for tax evasion at best.

[FrontEnder]

And why should not they charge for the service?

How much does "Bitcoin" charge for quick confirmation of transaction and how long does it take?

I'm not saying they should charge. But all existing payments methods cost someone somewhere money. Banks absorb the cost of FPS for personal users, business and corporate don't always get off so lightly.

You're going on about PayPal and visa - these cost retailers a lot of money. I think Visa/MasterCard charge a couple of %, Amex charge something like 4%.

Bitcoin is crap for fast transfers, plenty of other coins where the cost is much lower and faster.

[FrontEnder]

Jesus.

If criminals were smart they would not be fecking criminals!

Massively narrow minded comment.

[SunnyInHades]

Govts (particularly USA) will not allow Bitcoin and other cryptos to remove their power and control over wealth and money printing. It's a threat to them and they cannot control it.

Old news but Carney n co at BOE potentially entering the pit...

Digital Currencies | Bank of England
"We are undertaking a multi-year research programme into the implications of a central bank, like the Bank of England, issuing a digital currency. We first raised the possibility of a central bank-issued digital currency in our research agenda in February 2015. We have since released a more detailed selection of research questions on the topic. We welcome continued engagement from the wider central banking and academic community to shape our research in this emerging field.

For further information, email [email protected]
"
Also rumors of similar in USA.

I'm forking that BOE coin on the day it comes out as BOE Gold, with a premine.

[DimPrawn]

BTC/USD

17/10/2010 1 BTC = $0.1
17/04/2011 1 BTC = $1
31/05/2011 1 BTC = $10
31/03/2013 1 BTC = $100
28/11/2013 1 BTC = $1,000
01/12/2017 1 BTC = $10,000

With huge pullbacks in between.

Who knows, maybe

01/12/2018 1 BTC = $100,000

Or just as likely

01/12/2018 1 BTC = $1000

[DimPrawn]

No doubt Fed, BoE etc will create their own, controlled and monitored crypto. At that point, or just before, all non-central bank issued crypto will be deemed illegal and anyone holding it or exchanging it, a criminal.

Probably the central banks will have huge shorts on BTC etc just before they do.

Bitcoin futures contracts to launch this month as US regulators give the green light | City A.M.