CoinReport Coinapult Launches Bitcoin Locks to Eliminate ...

AMA w/ Erik Voorhees (ShapeShift CEO) - Ask Me Anything

Hello Ethereum community! My name is Erik Voorhees. I've been in crypto since 2011, having worked as Head of Marketing at BitInstant, Founder and CEO of SatoshiDICE, CEO of Coinapult, and for the past three years, I've been CEO of ShapeShift, which is the world's fastest and easiest digital asset exchange (with no user accounts!).
When I started ShapeShift, Ethereum was a tiny project, not even released yet. Many people thought I was crazy for building an exchange to help people trade between "alts," because Bitcoin was 99% of the market. But I saw that blockchain tokens would become an entirely new asset class, and that people would be innovating in all directions upon this new technology.
ShapeShift started very small; I still remember getting excited in the fall of 2014 that we had $3,000 in volume in one day. But Ethereum's launch and rise has really demonstrated to the world the value of multiple blockchain assets, and specifically, tokens representing all manner of value. Today, ShapeShift processes over 15,000 customer orders per day, averaging around $10-15 million in value.
As an early Bitcoiner, I believe strongly that many digital assets will become widespread in the market, and Ethereum has proven this to be the case thus far. Our recent product, Prism, is built entirely on Ethereum smart contracts, and hopefully helps prove this technology in front of a continually skeptical world.
Ask me anything!
EDIT: AMA is over, thank you everyone for the great questions. Sales pitch: get on the list to try out Prism at https://Prism.Exchange Also, THANK YOU ALL for building Ethereum. Take your role in this story seriously.
submitted by evoorhees to ethereum [link] [comments]

340 BTC

October, 2011 was when I first heard about Bitcoin. A friend excitedly told me about it, that the price had crashed, that it could be 'mined', and that it could be purchased on exchanges. He didn't own any, but he found it interesting, and so did I. I was instantly interested in acquiring some coins. That the price had 'crashed' meant a buying opportunity, and I further saw it as evidence that the system was somehow free, and had a life of its own. I did not purchase any right away, regretfully, since the coins were about $3 each. I did do some initial research, calculating mining profitability, and looking into the process for buying coins on MtGox. I also read about the thefts and hacks. I found it intuitive these incidents were matters of endpoint-security, and not reflective of a systemic weakness. Yet I would have much to learn if I was to avoid becoming a victim. I continued to casually follow Bitcoin developments, and occasionally checked the price.
Eight months later I came across a Timothy B. Lee article in Forbes that detailed the Bitcoin Richlist. It was my catalyst. It was time for a technical deep dive, time to understand what gave people the confidence to entrust millions of dollars of value to the system. Of everything I read that day, it wasn't the proof-of-work that seemed revolutionary, but simply the fact that a lost private key meant the coins would be irrecoverable. That signified Bitcoin put true and total control of money into the hands of users, and for that it was different and worthwhile. I decided to invest. All that was left was working out the mechanics of the transaction. And security. I was determined to not fall victim to a hack. An offline, paper wallet seemed like the easy choice. The price was in the $6 - $7 range.
My first purchase went though MoneyGram and Coinapult, with MtGox as my receiving wallet. I put in $150, and got out $130 worth of coins. The price had surged in the few days since I decided to buy, to slightly under $10 per coin. I transferred the coins off of MtGox and onto my paper wallet, and it all felt very real! I wanted to buy more, and settled on CoinFloor to avoid the hefty fees I paid the first time. CoinFloor also allowed for instant fiat funding via a deposit at a bank teller window. Depositing $900 directly into a bank account was not without risk, but CoinFloor came through and the money was credited within 5 minutes. It all went flawlessly, and soon with my 100 coins spread out over a few different paper wallets, I could rest easy, without fear of a hack.
Edit - I meant BitFloor, not CoinFloor
I occasionally checked the price, tested out Satoshi Dice, and read a little more on the technical underpinnings, but other than that, I mostly forgot about my Bitcoin investment for the next 6 months. Then, in early 2013, I read about a few seed rounds in Bitcoin startups, and I saw pictures of a Bitcoin booth at the CES is Las Vegas. Somehow that booth, with the Bitcoin logo, made it all seem even more legitimate. The price had climbed into the $14 - $15 range, and I wanted more coin. CoinFloor had been hacked and was out of commission. This time I would use the Dwolla to MtGox method of funding. I found myself seriously regretting not having done Gox's verification the previous summer, as the price quickly climbed while I waited. When my verification finally cleared, the price had shot up to $19, and I transferred in several thousand dollars and bought another ~150 coins. Over the next few months I kept buying until the price crossed $100 per coin. In total, I had put in about $10,000 for 340 coins. I worked part-time, with an annual income of about $25,000, so that $10,000 felt substantial.
The rise to $266 was exhilarating, as was the following surge to $1242. I mostly held, but sometimes tried to time the market with a small position (always 10% of holdings or less). I sold some coins the first time Bitcoin passed the $400 mark to recoup my initial investment, and I arbitraged when it was profitable. I lost a then-painful amount of fiat on MtGox, but not any coins. I held tight during the long bear market, with absolute confidence that the price would find a non-zero bottom, and it would only be up from there. The ecosystem was growing, the technology was maturing, and investment money was pouring in, and yet the price continued to decline. I would have loved to buy more, but doing so would have been truly irresponsible from a diversification perspective.
I have largely stayed away alt-coins, but I did mine-and-dump those I found annoying, and mined and held the one that I found interesting - Ethereum. I reluctantly pushed some BTC into Ethereum early this year, which turned out to be a good move. In total, over the past 5 years, I have returned about 200x on my initial investment, in the current form of about 250 BTC, about 700 ETH and approximately $300k of other liquid assets. The result is almost identical to a pure buy-and-hold from the beginning, but I felt the need to hedge as valuations changed over time. I feel no pressure to sell more coins, though I probably would convert a few in the $20k-$40k range, prices which I have long seen as likely, if not inevitable.
I am in my early 30's. Ask Me Anything! Though I might only have time to answer a few…
submitted by ThrowAway_OfCourses to Bitcoin [link] [comments]

My response to a Litecoin advocate

This evening I was contacted by someone politely recommending that I take more interest in Litecoin, specifically for my company, Coinapult. I felt it'd be good to share my response to him with the community, because I think this continues to be a hot topic of discussion.
Hello [redacted],
Thanks for reaching out. Now, hopefully I don't come across as rude or elitist, but I need to be honest. Litecoin is not interesting to me. It offers no significant benefit over Bitcoin whatsoever. It has a little value purely as a backup blockchain in case some critical flaw destroys Bitcoin's blockchain (assuming the same flaw doesn't affect LTC). Other then that, why should anyone care about it? Don't tell me it has "faster confirmation times"... zero-conf Bitcoin transactions work for just about everything, and for those times when security is important, waiting for the 2.5 min LTC block is only 1/4th as secure, so the "advantage" is trivial. Does that justify a $350 million market cap? Consider me skeptical.
Understand that there is huge advantage - a massive technological and societal utility - in the current world moving toward Bitcoin. There is no advantage in a Bitcoin world moving toward Litecoin. I know Litecoin fans like to say it's silver to Bitcoin's gold, and while it's a cute comparison, it doesn't really mean anything. Bitcoin's divisibility eliminates the need for a less valuable unit to partner with. In other words, the mBTC is the silver to BTC's gold.
Here's my suspicion... the only reason you are suggesting to me that Coinapult (or any business) should accept Litecoin is that there's a chance the announcement of the acceptance will drive the LTC price higher. There's no significant added utility for the company, for me, or for you, beyond that speculative interest.
Litecoin, and the other alts, are 99.9999% speculation. To be sure, much of Bitcoin's price is also due to speculation about future value, but at least this is based on a reasonable assessment of the potential of the system vs. its competition (fiat currency and the global banking network). Speculating on altcoins, in general, is pure greater fool theory in action, because there is no significant fundamental utility, no "improvement delta" over Bitcoin itself. People are going to get burned with them, and it's unfortunate because Bitcoin is seeing returns of 10,000% per year and apparently that's just not enough for some people =)
Altcoins are the penny stocks of the Bitcoin world, and perhaps their greatest virtue is that they distract the most superficial speculators away from Bitcoin itself. Should they exist? Yes. I'm glad people experiment in every way with this technology. But don't let speculative experiments at the margin distract from the most mind-blowingly awesome monetary system mankind has ever seen - Bitcoin proper.
Cheers, -Erik
submitted by evoorhees to Bitcoin [link] [comments]

Mycelium Wallet for Android v2.5 and some news

Mycelium Wallet for Android v2.5 is finally out after a long long time in beta. Some major new features in this one!
Ledger and Coinapult are our most exciting features this time. We hope that now that users are able to lock their account value to the value of USD, those who were worried about using Bitcoin due to high volatility (such as merchants in areas without access to BitPay type services) will now be willing to give Bitcoin a try. Who knows, maybe it'll finaly give some competition to MPesa. And Ledger adds a much more affordable option for those who wish to use a more secure dedicated hardware device for storing their Bitcoin savings. Also, don't forget, our European users can already send to SEPA accounts directly from within the walle, too, using Cashila. That feature isn't really obvious, since it only shows up if you register for a Cashila account, but let's you pay your bills or transfer money to friends and family right from your wallet.
We also have some news (in case it was missed earlier). Mycelium managed to raise some funding, and is in the process of hiring developers:
https://coinality.com/jobs/front-end-developer-android/ https://coinality.com/jobs/front-end-developer-ios/
We recently hired a new backend developer, and senior developers for iOS and Android. I have moved from a Community Manager to a Product Manager for the wallet (I'll still be doing community managing though). And we also have some BIG changes planned for our wallet. Much of the wallet will be redesigned from scratch, and the main changes you will see are:
These changes won't come quickly, unfortunately, and we will keep updating our old wallet in the mean time, but we'll keep you updated on our progress.
Direct download to our app here https://mycelium.com/bitcoinwallet
submitted by Rassah to Bitcoin [link] [comments]

[ACTUAL SHILLING] Let's see who's defending Uphold over in /r/bitcoin.

So there's this company, Uphold, which basically made up most of their balance sheet by introducing a 100% premined cryptocurrency, Voxel.
They claim to operate as a full reserve, but the nature of their assets doesn't match the nature of their liabilities. If you remove all Voxel assets and obligations, there's a negative balance. Note that this is according to the balance sheet they publish themselves which is not audited in any way (they don't even publish their BTC addresses and provide signed messages).
Just three days after it was on /buttcoin, /bitcoin noticed it too. In that thread, several people defended Uphold. Let's have a look at them.
There's bittyboyboo with this comment:
OP is a Redditor for 12 hours, but sounds like a long-time and serious Uphold hater. Wonder why?
Uphold is an awesome service and I use it to move money from my UK bank account to my UH wallet to buy BTC. They are the cheapest and easiest way to buy and sell BTC that I've found. What's cheaper than free? What's faster than instant?
There's enough legit Garza/Gox action in cryptoland without bad-mouthing the only company that publishes what they are doing in real-time. OP--you sound like the insolvent (and butthurt) scammer.
The user history shows just three other comments, one hating on Cryptsy, one recommending another service, airtm.io, and, one month ago, a recommendation of Uphold.
Now you might say, okay, so this guy is just a satisfied customer who doesn't like to post a lot.
So let's go over to bitgoldtruth with this comment:
OP is way off and sounds like he's a competitor spreading FUD.
Uphold is centralized, so I don't use them, but they are legit and have become a very important part of the BTC ecosystem.
I've looked a the Voxel (VOX) as a potential scam (because that's what I like to do)-- see my previous posting history about Paycoin, Bitgold, etc.
Voxel is a pre-mine, but it does have a very specific real-world use-case-- the purchase of content on Voxelus.com.
UH puts it all out there on their transparency page, which is the only reason OP could do this analysis. I applaud that transparency.
TL;DR: Voxel not a scamcoin, Uphold is solvent and the only financial service in the world that I know of that is 100% transparent in real-time. Instead of bashing UH, why not demand that Circle and Coinbase and Bitstamp also implement real-time transparency.
You might not like their management, but there is no denying that they benefit BTC by offering an excellent and innovative service.
Again-- I don't like them and don't use them, but let's save cries of insolvency and scamcoin for the company's that deserve it. I've been guilty of this myself and now am much more careful. There's plenty of bad guys in this space, but UH is not one of them.
Looking at their posting history, you see them defending Uphold with an almost identical post three days ago, defending Uphold two months ago, calling Bitreserve (the old name of Uphold) legit eleven months ago and hating on Cryptsy. Also, they seem really sold on the idea that Bitgold, a competitor to and one-time opponent in court of Uphold, is a scam. (1, 2, 3, 4, 5, 6, 7, 8, 9, 10)
Well, you say, that's just a guy with a strong opinion, isn't it?
Let's go over to CaptainCloudMoney, who brought us this comment:
OP is full of BS.
Uphold is demonstrably solvent if you know how to do math.
The only reason OP can pretend to do the math is Uphold publishes a real-time accounting of their assets and liabilities.
I'm a long-time UH supporter and investor and they just keep getting better and better. The market values innovation and UH is by far the most innovative company in the fintech/crypto space.
And for the record-- I'm long voxels because it's a bet on the future of virtual reality, which I have little doubt will do to video what video did to radio.
Uphold FTW!
Now if you go through their comment history, it's basically one big Uphold advertisement, and before that, one big Bitreserve advertisement (as you remember, the old name of Uphold). I won't go into detail here because it's really that obvious, but note that they're also plugging airtm.io (and again), just like our four-comment friend bittyboyboo did.
Well then. I think we can close the case now, Uphold is just a great company with a lot of satisfied users who all love Uphold and will defend it by attacking anybody who posts something against them. There is absolutely no foul play going on here.
submitted by Mark_Karpeles_ to Buttcoin [link] [comments]

Coinapult now integrated into Mycelium

This month, Crypto Capital, together with our integrated bitcoin counterpart, Coinapult, are very proud to announce the integration with renowned mobile bitcoin wallet, Mycelium.
The integration gives users access to Coinapult’s convenient value-locking service, Locks, which allows any value of bitcoin to be locked to USD. This provides the user with a quick and simple way to use and hold bitcoin without worrying about bitcoin market volatility. The dollar value of the user’s bitcoin is retained over time, no matter what the market does.
Users are able to set up a Coinapult Locks account from directly within the app and from there can simply transfer bitcoin in and out of the account to lock and unlock the desired amount of bitcoin. For example, you could lock $1,000 of bitcoin to USD in October to make sure you have the funds to pay your rent for November. Then when it comes time to pay your rent, you can unlock the $1,000 of bitcoin value in your wallet and pay your rent, even if the price of bitcoin were to fall 50% the day before! You’re locked! You’re safe!
Any bitcoins deposited to the Mycelium-Coinapult wallet are automatically pegged to USD. When you send locked funds out, they are sent as bitcoins and deducted from your current USD balance.
Watch the demo video of how to use a Coinapult USD account with the Mycelium app https://youtu.be/eT2CmOfXyH0
submitted by themattt to Bitcoin [link] [comments]

Coinapult locks, perfect for the non banked, and privacy minded.

The best thing I have experienced using Coinapult, I now have an option to sell (lock) on a downswing, at about the same 1% rate as Coinbase, and the fiat stays there on Coinapult, just like an exchange, so I can instantly buy back (unlock). Whereas Coinbase sends the fiat immediately out to your account upon a sell, where you wont have access to it for days at a time..
I don't need to "verify" my identity to anyone, have a bank account, send in my passport copy, or any of that other red tape KYC that is required to trade on the major exchanges.
And I can lock up to $3,000 at a time. This is great for those with a small to medium amount of bitcoins that love bitcoin and don't want to "leave" the bitcoin ecosystem, but want protection, and they simply "can't afford to loose" from falling prices, so once they feel the bottom has come the can unlock (sell), and now they have more BTC :).
All you need to do is make sure you watch the markets and lock when you know a price fall is coming, and know when to unlock once the bottom has reached so your final BTC balance is higher :)
Its not something for day traders, but semi long term.
It is also extremely easy and with user friendly terms for those not "into" markets or "market lingo".
This is what bitcoin needs for those in other parts of the world wanting to keep their monetary value from falling, and they dont have access to a local exchange they can trust on, or a bank account for that matter.
It is the first peoples bitcoin brokerage in a sense. Accessible to anyone with BTC (except USA of course).. VPN hint hint..
Sorry for the rant, I just really love it, if I would have know about it two weeks ago, I would be in a better position right now, as I had to wait 4 days for my fiat from selling my coins on Coinbase to enter my account, then another 5 days to receive new ones from Coinbase.. Bullshit.. now the price tanked quite a bit in that time span. So now I can do that instantly with Coinapult. YEAH! Fuck Bitstamp and their KYC rules, screw BTC-e's low exchange rate.
TL;DR Coinapult's Locks Rocks
EDIT: Spelling
submitted by murlidhara to Bitcoin [link] [comments]

Mycelium Wallet for Android v2.5 and some news

Mycelium Wallet for Android v2.5 is finally out after a long long time in beta. Some major new features in this one!
Ledger and Coinapult are our most exciting features this time. We hope that now that users are able to lock their account value to the value of USD, those who were worried about using Bitcoin due to high volatility (such as merchants in areas without access to BitPay type services) will now be willing to give Bitcoin a try. Who knows, maybe it'll finaly give some competition to MPesa. And Ledger adds a much more affordable option for those who wish to use a more secure dedicated hardware device for storing their Bitcoin savings. Also, don't forget, our European users can already send to SEPA accounts directly from within the walle, too, using Cashila. That feature isn't really obvious, since it only shows up if you register for a Cashila account, but let's you pay your bills or transfer money to friends and family right from your wallet.
We also have some news (in case it was missed earlier). Mycelium managed to raise some funding, and is in the process of hiring developers:
https://coinality.com/jobs/front-end-developer-android/ https://coinality.com/jobs/front-end-developer-ios/
We recently hired a new backend developer, and senior developers for iOS and Android. I have moved from a Community Manager to a Product Manager for the wallet (I'll still be doing community managing though). And we also have some BIG changes planned for our wallet. Much of the wallet will be redesigned from scratch, and the main changes you will see are:
These changes won't come quickly, unfortunately, and we will keep updating our old wallet in the mean time, but we'll keep you updated on our progress.
submitted by Rassah to bitcoinxt [link] [comments]

Introducing Locks by Coinapult. Gold, silver, USD, EUR, and GBP backed bitcoin wallets [AMA]

Coinapult fixes 'Bitcoin's Biggest Problem' Enables users to stabilize digital wallet value with Locks™
Panama City, Panama – Coinapult announced today the launch of its new Bitcoin wallet service featuring Locks,™ a tool which enables users to avoid Bitcoin volatility.
Coinapult's wallet offers the following Unique Features:
Coinapult's Wallet services are fully secured with cold storage facilities and enterprise-grade encryption. The new Locks™ system is available immediately for individuals and businesses. Visit https://coinapult.com to try it out.
About Coinapult Panama-based Coinapult makes Bitcoin easier to access for both consumers and businesses. Coinapult was the first service for sending bitcoin via SMS and email, and has been one of the longest-operating Bitcoin sites. With its new easy-to-use wallet and Locks™ technology, the company continues to pioneer unique tools that expand the functionality of Bitcoin for the benefit of the whole community. Coinapult strongly believes in the power of Bitcoin to empower consumers and establish a new era of financial inclusion.
Quote: CEO Ira Miller 'Bitcoin is the great equalizer, and Coinapult's Locks™ service finally enables the stability people expect. This makes Bitcoin usable by an entirely new group of people around the world'
Locks Explainer Video: http://youtu.be/AxriIkGaY60
Try it now (email address required): https://coinapult.com/signup
We will monitor this thread and happily answer any question about Coinapult or the Locks service.
submitted by Coinapult_btc to Bitcoin [link] [comments]

Locks by Coinapult allows wallet users to easily access the value of gold, silver, USD, EUR, and GBP

Hi BitcoinMarkets,
We at Coinapult have been market making bitcoin for years, and are regular readers of your subreddit. Today we are happy to announce that you can take advantage of our price information and liquidity using a new service called Locks. With Locks, you can sign up using only an email, deposit BTC, and then choose to peg the value of your BTC to gold, silver, USD, EUR, or GBP. While we see Locks as being key for new users who may not be comfortable with BTC price volatility, it is also the fastest and most convenient way to protect yourself against downside risk.
Introductory video:
https://www.youtube.com/watch?v=AxriIkGaY60&feature=youtu.be
Learn more here:
https://coinapult.com/locks/info
We'll be monitoring this thread, and will be glad to answer any questions about the service. Note that signup may not be available for another couple of hours, as of this post.
[EDIT] Service is now live!
submitted by Coinapult_btc to BitcoinMarkets [link] [comments]

Mycelium Wallet for Android v2.5 and some news

Mycelium Wallet for Android v2.5 is finally out after a long long time in beta. Some major new features in this one!
Ledger and Coinapult are our most exciting features this time. We hope that now that users are able to lock their account value to the value of USD, those who were worried about using Bitcoin due to high volatility (such as merchants in areas without access to BitPay type services) will now be willing to give Bitcoin a try. Who knows, maybe it'll finaly give some competition to MPesa. And Ledger adds a much more affordable option for those who wish to use a more secure dedicated hardware device for storing their Bitcoin savings. Also, don't forget, our European users can already send to SEPA accounts directly from within the walle, too, using Cashila. That feature isn't really obvious, since it only shows up if you register for a Cashila account, but let's you pay your bills or transfer money to friends and family right from your wallet.
We also have some news (in case it was missed earlier). Mycelium managed to raise some funding, and is in the process of hiring developers:
https://coinality.com/jobs/front-end-developer-android/ https://coinality.com/jobs/front-end-developer-ios/
We recently hired a new backend developer, and senior developers for iOS and Android. I have moved from a Community Manager to a Product Manager for the wallet (I'll still be doing community managing though). And we also have some BIG changes planned for our wallet. Much of the wallet will be redesigned from scratch, and the main changes you will see are:
These changes won't come quickly, unfortunately, and we will keep updating our old wallet in the mean time, but we'll keep you updated on our progress.
submitted by Rassah to bitcoin_uncensored [link] [comments]

Coinapult Integrates With Licensed Financial Institution Crypto Capital, Now Open to Business in the U.S.

PANAMA CITY, Panama, 20 May 2015 — Coinapult, a leading Bitcoin broker, market maker, and wallet service provider since 2012, today announced its integration with licensed financial institution, Crypto Capital. The combination of Coinapult’s bitcoin liquidity and Crypto Capital’s bitcoin-friendly banking services creates a seamless solution that enables individuals and businesses to buy, sell, send, and receive bitcoin and fiat.
The alliance allows Coinapult to reopen its services to the United States, a high-priority objective for Coinapult.
With Coinapult’s guaranteed pricing at any volume and Crypto Capital’s ability to immediately receive fiat to private international bank accounts for individuals and businesses, Coinapult and Crypto Capital are now releasing a solution to bridge the gap between the Fiat and Crypto economy.
Coinapult will no longer request know-your-customer (KYC) documentation. This allows anyone to utilize Coinapult’s pricing services and API without restriction. Crypto Capital will be performing KYC for customers who want to deposit or withdraw fiat currencies. Additionally, limits on account volumes have been lifted.
As a result of integration with a licensed financial institution, Coinapult’s feature product, Locks (TM), will now be upgraded to fully functional buy and sell options, with the ability to deposit and withdraw fiat at any time via Crypto Capital. All Coinapult fiat balances will now be held and insured under a separate Crypto Capital bank account. This is the first step in Coinapult’s longer-term plan to move toward a trustless system. The next step for Coinapult is offering client-side multisignature support for all users.
“Coinapult has been looking forward to reopening in the U.S. for quite some time now. We’re excited to work with both former and new users,” said Niccola Pérez, company spokesperson. “Having built a relationship with Crypto Capital for the past year and beta-testing with our current clients, we are confident that our full integration will add significant value to the Bitcoin ecosystem, which has been starved for an effective, seamless banking solution to bridge the gap between cryptocurrencies and fiat.”
Crypto Capital provides a bitcoin-friendly individual or corporate bank account. Users can then instantly transfer funds between their own private accounts and their Coinapult fiat wallets. Coinapult currently supports USD, EUR, and GBP. More currencies are slated for release in the coming weeks. Crypto Capital supports 30 different currencies and can remit funds to over 180 countries. Accounts are insured up to EUR 100,000.
ABOUT COINAPULT // Coinapult, a leading provider of bitcoin wallet and brokerage services, has been building Bitcoin technology since 2011. The company aims to provide a secure and easy-to-use Bitcoin platform for everyone, from the newcomer to the seasoned bitcoin veteran. https://coinapult.com
ABOUT CRYPTO CAPITAL // Crypto Capital is a licensed financial institution headquartered in Panama and focused on building a private fiat banking platform to support the cryptocurrency economy. https://cryptocapital.co
https://medium.com/@Coinapult/coinapult-integrates-with-licensed-financial-institution-crypto-capital-now-open-to-business-in-ace5196bcf79
submitted by Coinapult_btc to Bitcoin [link] [comments]

How to handle a Greek like crisis like a Bitcoiner.

So this is a throwaway account for privacy reasons. Nobody needs to know my strategy, but I like to share it with you.
Andreas Antonopoulos (andreasma) made this comment on twitter:
"If Greeks already have cash in hand, bitcoin is unnecessary. If they don’t, then bitcoin is unattainable. It’s a bank liquidity crisis."
It made me think, because why is Andreas saying this? I expected him to rise and shine and tell about the advantages of bitcoin. That's why I like to share with you, shortly, how I would have handled this crisis if I were Greek.
Removing your money from the legacy financial system
At the first signs of a bankrun I'd take action and I would transfer all my money in batches to kraken.com. I'd keep 10% in Bitcoin. 90% I would send to services like coinapult, vaultoro and bitreserve. Businesses where you can exhange your bitcoins for other store of values.
What the ecosystem needs by the way, is brokerage accounts, that can be financed with Bitcoin
Now your money is safe from the legacy financial system. At any time you can exchange any store of value for bitcoin and exchange it for euros. Also your money is free to be moved around the internet without any restrictions and you are in no risk of your money being taken in case of bail-ins.
submitted by ThrowawayBTCstrategy to Bitcoin [link] [comments]

[uncensored-r/btc] How the Tether (USDT) distribution system works. Bitcoin/DASH, Coinapult, Cryptocapital, Bitifnex...

The following post by geekmonk is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ btc/comments/7ljmik
The original post's content was as follows:
Full article: https://medium.com/@untetheredbtc/how-the-tether-usdt-distribution-system-works-84a5c673bec0
The article is somehow badly written, so here is a short summary:
CryptoCapital - Panamanian Financial services company (launched by HAVELOCKINVESTMENTS) claiming to be a bank and licensed crypto exchange (the author has proof both are false).
HAVELOCKINVESTMENTS - Announced partnership between Coinapult and Cryptocapital
Coinapult and Cryptocapital are connected through Ira Miller (ex-CEO of Coinapult, also developed Cryptocapital's internal tech)
Where Tethers come into play: Coinapult offers a service known as LOCK where you lock the value in usd of your bitcoins in order to hedge against fluctuations. The Author has evidence and is sure that Coinapult, to "protect" the value in usd of the coins (bitcoins & dash) its LOCK feature users deposit, simply converts them into Tethers but claims instead that deposits are insured by CryptoCapital. The author also notes that Coinapult's Bitcoin price feed is taken from Bitfinex which proves they are converting them into tethers (also run by Bitfinex).
How/Why Tethers are printed: Coinapult offers its LOCK feature to Mycelium and a DASH wallet. People who deposit bitcoins/dash coins with Mycelium and decide to LOCK the value of their investments in USD trigger the issuance of fresh tether tokens (through Coinapult and Cryptocapital). Beware that these people think they are insured by Cryptocapital but all cryptocapital does to insure them is to convert their coins into "Tethers". This makes particular sense if you think that only a couple of weeks ago a bitfinex employee commented in a Tether thread saying "what if tethers are bought with other cryptos".
Coinapult also works with Safello, an exchange with a dozen thousand users, and with DASH wallet(s).
Important Note: The Author points out how Coinapult went from being b2c (business-to-consumer) to a b2b entity (business-to-business) since the release of its lock feature. This means that Coinapult only works with businesses. In other words it offers its service to Safello and Mycelium in bulk, it doesn't deal with users individually.
Roger Ver: The Author is suspicious that Roger knows about Coinapult & CryptoCapital (Roger is an investor in Coinapult), the Tether mechanism used to "LOCK" bitcoin/dash holdings, and converted his 40k BTC into BCH to get out of the loop. The Author thinks so because Kraken (an exchange where Ver was an early investor) did business in the past with the Cryptocapital and because Ver has a stake in Safello so must be aware of the LOCK feature integration. The Author also mentions Roger's "somewhat confused" reaction when asked about Tethers in his recent AMA. In other words, the Author says Roger knows more than he says and this is one of the reasons he got out of bitcoin.
Author's Conclusion: If in a market crash the millionaires using the LOCK feature of Coinapult head over Coinapult to claim the locked value of their investments, they are probably not going to back the initial value (because they have been converted into tethers and not all tethers are backed by usd) but can hope at most to get back the initial coins they deposited. Also this can happen only if the coins have been kept safely in Bitfinex's vaults (bitfinex issues Tethers to Coinapult/Cryptocapital)
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Sorry Circle, but I expect more! Give me an option to tie my account to the dollar / euro!

I think the idea of circle is great! But it is falling short of what it could do!
I was really looking forward to using circle, because I thought they would implement something like the coinapult locks! Circle is obviously not meant to be a savings account with a lot of bitcoins in it. So why not take the risk of exchange rate fluctuations away from the user? This is what it needs to succeed against fiat money transmitters like Paypal! In the user accounts they focus on the dollar value, but how is an average person going to understand that the dollar value in their account constantly changes?
I think you need an option to choose between an account that is tied to the dollar / euro and an account that is not tied to anything to go mainstream. Plus I am european and can only use the credit card option. Which is expensive with 2,9 % fees.
submitted by schmiddl to Bitcoin [link] [comments]

Mycelium Wallet for Android v2.5 and some news

Mycelium Wallet for Android v2.5 is finally out after a long long time in beta. Some major new features in this one!
Ledger and Coinapult are our most exciting features this time. We hope that now that users are able to lock their account value to the value of USD, those who were worried about using Bitcoin due to high volatility (such as merchants in areas without access to BitPay type services) will now be willing to give Bitcoin a try. Who knows, maybe it'll finaly give some competition to MPesa. And Ledger adds a much more affordable option for those who wish to use a more secure dedicated hardware device for storing their Bitcoin savings. Also, don't forget, our European users can already send to SEPA accounts directly from within the walle, too, using Cashila. That feature isn't really obvious, since it only shows up if you register for a Cashila account, but let's you pay your bills or transfer money to friends and family right from your wallet.
We also have some news (in case it was missed earlier). Mycelium managed to raise some funding, and is in the process of hiring developers:
https://coinality.com/jobs/front-end-developer-android/ https://coinality.com/jobs/front-end-developer-ios/
We recently hired a new backend developer, and senior developers for iOS and Android. I have moved from a Community Manager to a Product Manager for the wallet (I'll still be doing community managing though). And we also have some BIG changes planned for our wallet. Much of the wallet will be redesigned from scratch, and the main changes you will see are:
These changes won't come quickly, unfortunately, and we will keep updating our old wallet in the mean time, but we'll keep you updated on our progress.
submitted by Rassah to btc [link] [comments]

Coinapult + Thisapp.io's idea

I've just thought an idea.
I think that Coinapult service is perfect if merged with this idea: http://thisapp.io
The bitcoiner wants to push a merchant to accept Bitcoin, but the merchant, even if he is a friend of him, he still doesn't trust this strange things/technology.
So this is a possible solution (it needs some changes/adds on the Coinapult service):
1) The bitcoiner will give some money in advance to the merchant (as I said, they are friends, so the user can trust the merchant). Something like $100
2) The bitcoiner will also set this value ($100) on a specified Coinapult wallet. (with the Locks feature always on)
3) Then the merchant will install/open a "special link" connected with this special wallet. (it can be even just a link to a webpage, ex: https://coinapult.com/w2merchant/938f5y39).
4) The merchant now will be able to accept Bitcoin no more than $100 (he can just accept them, he hasn't access to these Bitcoin). The app / webpage will always show to the merchant how many Bitcoin he can still able to accept. (to make it easy for him)
5) Everytime the merchant will get paid in Bitcoin, the user will see that he is receiving Bitcoin on his wallet on Coinapult.
The bitcoiner will always get a notification when the merchant is near completing the space of Bitcoin that he can accept.
So the bitcoiner can turn back to the merchant and "recharge" him :) (giving him other money in advance, and more space on the wallet to accept Bitcoin)
This will be even an alternative to Bitpay/Coinbase, without any KYC/registrations ... and Coinapult solves the volatility problem for both bitcoiner and merchant.
Also, this is even good if the merchant doesn't want to understand anything about Bitcoin.
submitted by HostFat to Bitcoin [link] [comments]

Regarding the "Bitcoin and Magical Thinking" blog post spotlighted on Techmeme today - The network, the infrastructure, and the community behind it is hardly a "magical thought."

I'm referring to this post, which a Bitcoin-opposing friend just sent to me with the subject line, "An damning indictment" -
http://www.techmeme.com/131219/p3#a131219p3
I responded with this:
The network, the infrastructure, and the community behind Bitcoin is hardly a "magical thought" (Here's the definition of that concept from contemporary Western psychology: http://en.wikipedia.org/wiki/Magical_thinking)
Two weeks ago, there was very good debate about Bitcoin -
Ultimate Bitcoin Showdown - Posted Dec 2, 2013 - [30:14] - Goldbug/dollar-skeptic Peter Schiff vs. Erik Voorhees, Bitcoin entrepreneur formerly of BitInstant (https://www.bitinstant.com/), now of Coinapult (https://coinapult.com/) - http://www.linkedin.com/pub/erik-voorhees/b/804/385
I'll post the link to the full video below, but I first want to quote from it:
As Voorhees says, gold-backed digital curencies have been attempted and were then quickly shut down by the gov't. He later says (at 9:20), "[Bitcoin] could absolutely go to zero and the whole thing is completely experimental right now. So I'm not here to say that Bitcoin is a good investment. What I'm here to say is that the Bitcoin payment network is one of the most important technologies that has ever been invented, and it's important to understand that there is value in that technology [and] it's important to understand why that technology is so useful to people, especially people who care about liberty around the world." And he explains later that this infrastructure cannot be reproduced easily...even if Bitcoin is not the winner of the crypto-currency market competition. He also compares the hardy vitality of P2P currencies to that of P2P file-sharing. The free, independent Napster file-sharing service was launched in June of 1999 an rocketed to popularity, but the shutdown of it in July of 2001 was not exactly the end of free P2P music-sharing... In fact, just going by the services that I can just recall fellow college students using at the time, there was:
SoulSeek (launched in 1999/2000)
Gnutella (early 2000)
BearShare (December 2000)
Morpheus (2001)
Kazaa (March 2001), and
LimeWire (May 2000).
And of course there are the file-sharing services that are popular today, from Dropbox to these:
http://www.ebizmba.com/articles/file-sharing-websites
to these:
http://en.wikipedia.org/wiki/Comparison_of_BitTorrent_clients
Now. As far as digital crypto-currencies today, there's Litecoin, Peercoin, Namecoin, Quark, Protoshares, Worldcoin, Megacoin, Primecoin, and Dogecoin, and dozens other listed here, totaling in 54:
http://coinmarketcap.com/
The point that Voorhees makes about the pooled inventiveness and ingenuity of the crowd reminds me of something both revolutionary and prophetic that was said by John Gilmore (an American computer science innovator, Libertarian, Internet activist, and one of the founders of Electronic Frontier Foundation). He said:
"The Net interprets censorship as damage and routes around it."
-As quoted in TIME magazine (6 December 1993) (yes, 1993!)
http://en.wikiquote.org/wiki/John_Gilmore
Furthermore, on a separate note, the media angle that Bitcoin is practically "over" because of China blocking it (which that same friend was gloating about), here's all I have to say as well:
Here's a list of enterprises that were hardly destroyed after being banned in glorious all-powerful China:
Facebook, YouTube, Twitter, Wikipedia, WikiLeaks, and the New York Times' online edition (and a few others, named at the following links) were each NOT blasted into nonexistence by the force of "the Golden Shield Project," which we Americans call "the Great Firewall." Yup, Bitcoin is "over"!
References:
https://en.wikipedia.org/wiki/List_of_websites_blocked_in_China
https://en.wikipedia.org/wiki/Censorship_of_Wikipedia#China
http://www.nytimes.com/2012/10/26/world/asia/china-blocks-web-access-to-new-york-times.html?_r=0
https://en.wikipedia.org/wiki/Internet_censorship_in_the_People%27s_Republic_of_China
Hey, but waddaya know - Some of the 1,350,695,000 people in The People's Republic have ways around that censorship, as do the millions of people in so many other Internet-censoring countries:
https://en.wikipedia.org/wiki/Internet_censorship_in_the_People%27s_Republic_of_China#Evasion
http://en.wikipedia.org/wiki/Internet_censorship_circumvention#Software

Here's the full video of the Bitcoin debate:
http://www.youtube.com/watch?v=7mUn-d8R98k
Edit/Follow-up: To extend the analogy of P2P digital currencies and P2P file-sharing (and most notably, music-sharing), what would be the currency equivalent of iTunes, which came ou in January 2001? Will JPMorgan's crypto-currency project (as I saw here, and it was downvoted to hell: http://www.reddit.com/Bitcoin/comments/1sp6hh/jpmorgan_is_looking_to_copy_bitcoin_and_the_coin/), even though it was initially rejected 175 times, find some way to charge/surcharge people small amounts at a time for usage (a la iTunes' 99 cents per song), in traditional-bank-style?
submitted by wazzzzah to Bitcoin [link] [comments]

Merchants can already use bitcoin without volatility through services like Bitpay & Coinbase. Services need to launch that solve volatility for the consumer. If we can separate volatility from the transaction network, it will be usable to more people.

Bitcoin is three things:
Early on, transaction companies like bitpay & coinbase show that it's possible for merchants to selectively use the parts of bitcoin that interest them most. While some choose to hold a percentage of their bitcoin sales in bitcoin; most choose to simply use bitcoin as an upgraded and cheaper paypal.
Because these services have made it possible to selectively use parts of bitcoin you want to use, merchants have had an easy time adopting bitcoin as a transaction network.
I think we need the same tools for consumers.
I love bitcoin and currently use it for getting discounts at various locations and websites (I only spend BTC when there is a discount over USD -- which is often). My friends and family find this very cool and want me to teach them how to get similar discounts by using bitcoin.
Yet there is a catch.
It takes awhile for them to purchase bitcoin because of coinbase's delays thus when they buy $50 worth of coin to make a few purchases; it may not be enough when they actually make the purchase later on. Some friends have bought more than they needed to prevent this and either gained money or lost money -- an experience that wards off others. Thus the savings are hard to predict beforehand making the whole experience not worth doing (since they were doing this to save money).
They are still interested in using bitcoin to send money quickly and use the new services, apps, and discounts that come out every day -- yet they want a more stable platform to "play" and experiment from.
Coinapult's LOCKS and the BitReserve are a great start to what I think needs to happen next in bitcoin. If we want more consumer adoption to happen, we need more platforms for people to test the waters the same way we provide for merchants.
Let's keep dissecting bitcoin into different parts so people can voluntarily choose which parts they want to use.
submitted by ForestOfGrins to Bitcoin [link] [comments]

Remember holders, never sell. Use Coinapult to "buy" when the price dumps.

Posted this on /bitcoin, but thought it relevant here as well.
https://www.youtube.com/watch?v=eT2CmOfXyH0
Seriously, this Coinapult thing is great.
Imagine for a moment Bob. The setting December 7th, 2013. The price has dropped from 1000, to 800. Bob has 10 bitcoin, worth 8,000$. Bob wants to keep his bitcoin, but he wants to keep his value more. So he does the prudent thing and sells, hoping to buy back later. Bob's sale puts further downwards pressure on the price, but he has bills to pay.
Now, if Bob had had Coinapult, things would have been different. He would have moved his bitcoin in a coinapult account and "locked" in his 8000$ worth of bitcoin. As the price continues to fall over the next year or so, he sees his bitcoin balance rise in his coinapult account. This actually creates upwards pressure on the bitcoin price, as coinapult has to buy more bitcoin to keep Bob's bitcoin address worth 8,000$.
Eventually, Bob sees the price is 200, and decides to move his bitcoin into a standard bitcoin address... he is pleased to find he now has 40 bitcoin, whereas before he only had 10. He is well situated for November 2015.
Moral of the story, never sell, use coinapult (or something similar if someone else does this) instead. You keep your funds safe, increase your bitcoin balance during a bear run, and create upwards pressure on the price instead of downwards pressure.... Be careful though, this is not without risks. Jumping in and out of a coinapult account on a whim will lose you money just the same as selling and buying back in panic swings. "Fees" are baked into to quoted coinapult price, so if you move your coins into a coinapult account at the bottom of a dump and out of it at the start of a pump, you will lose out.
Posted this on /bitcoin, but thought it relevant here as well.
https://www.youtube.com/watch?v=eT2CmOfXyH0
Seriously, this Coinapult thing is great.
Imagine for a moment Bob. The setting December 7th, 2013. The price has dropped from 1000, to 800. Bob has 10 bitcoin, worth 8,000$. Bob wants to keep his bitcoin, but he wants to keep his value more. So he does the prudent thing and sells, hoping to buy back later. Bob's sale puts further downwards pressure on the price, but he has bills to pay.
Now, if Bob had had Coinapult, things would have been different. He would have moved his bitcoin in a coinapult account and "locked" in his 8000$ worth of bitcoin. As the price continues to fall over the next year or so, he sees his bitcoin balance rise in his coinapult account. This actually creates upwards pressure on the bitcoin price, as coinapult has to buy more bitcoin to keep Bob's bitcoin address worth 8,000$.
Eventually, Bob sees the price is 200, and decides to move his bitcoin into a standard bitcoin address... he is pleased to find he now has 40 bitcoin, whereas before he only had 10. He is well situated for November 2015.
Moral of the story, never sell, use coinapult (or something similar if someone else does this) instead. You keep your funds safe, increase your bitcoin balance during a bear run, and create upwards pressure on the price instead of downwards pressure.... Be careful though, this is not without risks. Jumping in and out of a coinapult account on a whim will lose you money just the same as selling and buying back in panic swings. "Fees" are baked into to quoted coinapult price, so if you move your coins into a coinapult account at the bottom of a dump and out of it at the start of a pump, you will lose out.
EDIT: It seems I have misunderstood how coinapult works... They do not fund a coinapult account as the price changes. They only lock in the dollar value and send that dollar value in bitcoin to a different address when you move coins. So it doesn't create upwards pressure on the price during a bear run... However, you do have much more liquid funds in coinapult than if you were to sell on Circle or Coinbase. If you sell on Circle or Coinbase during a dump, and a massive pump starts a day later, you will not have access to those funds to buy back for a couple days.
submitted by ProfessorViking to Bitcoin [link] [comments]

Official: yBitcoin is at the printer, will begin shipping late this week! Photos included!

Whew! Big announcement time! The debut issue of yBitcoin Magazine is at our printer and rolling off the press right now! (We’ve attached a spy shot from the plant as proof…) Almost needless to say, we are extremely excited to be getting this out into the wild.
Our Front/Back Cover http://i.imgur.com/2B63VZI.jpg
For those of you who may not have been following along, yBitcoin is a print and digital magazine designed to educate Main Street on the value and promise of Bitcoin. Most of you may find a little too much Bitcoin 101 in it, but our target audience is bright people like you who just haven’t gotten around to finding out how cool Bitcoin is, so we have set out to educate them and grow our community! We’ve been working tirelessly for months to create something the entire Bitcoin community could be proud of, and we could not have more respect for or express more thanks to our fabulous contributing writers, including:
We’re printing 30,000 magazines for this first run, with distribution to amazing locations across the United States like Porsche dealerships, Napa Valley vineyards, Aspen ski resorts, tech centers, country/yacht clubs, and more… Even so, the magazine will be most effective when there is an impassioned Bitcoin evangelist behind it who can help a reader navigate the pages and answer any questions. yBitcoin is intended to ignite readers’ intellectual curiosity, drive them to discover more online, and then take them through the steps of buying and spending their first Bitcoins. And that’s where you come in!
We would love your help in getting the magazine to people who need it! So if you have a friend, family member or favorite merchant whom you’ve been trying to onboard into the Bitcoin space, please request a magazine or two (sign up on our website or shoot us an email) and make sure they have the tools to get started. If you work in an office building where your colleagues continually bug you about “That Bitcoin thing,” give us a shout and we’ll get a handful of books your way. Our goal is to educate the world about this amazing technology.
Of course, we want to fall over ourselves thanking our advertisers for making the magazine possible, and the community for being so open and focused on changing the world. We couldn’t be more pleased with what we’ve created, and we’re looking forward to making it even better next time (and not exhausting ourselves quite so much!). And: we hope you enjoy it! Keep an eye out over the next couple of weeks as the books make it from our printer to mailboxes—including yours, we hope—worldwide.
Thank you!
yBitcoin Team
TL;DR yBitcoin is printing right now! Sign up at http://yBitcoin.net
submitted by yBitcoin to Bitcoin [link] [comments]

[uncensored-r/Bitcoin] 340 BTC

The following post by ThrowAway_OfCourses is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/79d20u
The original post's content was as follows:
October, 2011 was when I first heard about Bitcoin. A friend excitedly told me about it, that the price had crashed, that it could be 'mined', and that it could be purchased on exchanges. He didn't own any, but he found it interesting, and so did I. I was instantly interested in acquiring some coins. That the price had 'crashed' meant a buying opportunity, and I further saw it as evidence that the system was somehow free, and had a life of its own. I did not purchase any right away, regretfully, since the coins were about $3 each. I did do some initial research, calculating mining profitability, and looking into the process for buying coins on MtGox. I also read about the thefts and hacks. I found it intuitive these incidents were matters of endpoint-security, and not reflective of a systemic weakness. Yet I would have much to learn if I was to avoid becoming a victim. I continued to casually follow Bitcoin developments, and occasionally checked the price.
Eight months later I came across a Timothy B. Lee article in Forbes that detailed the Bitcoin Richlist. It was my catalyst. It was time for a technical deep dive, time to understand what gave people the confidence to entrust millions of dollars of value to the system. Of everything I read that day, it wasn't the proof-of-work that seemed revolutionary, but simply the fact that a lost private key meant the coins would be irrecoverable. That signified Bitcoin put true and total control of money into the hands of users, and for that it was different and worthwhile. I decided to invest. All that was left was working out the mechanics of the transaction. And security. I was determined to not fall victim to a hack. An offline, paper wallet seemed like the easy choice. The price was in the $6 - $7 range.
My first purchase went though MoneyGram and Coinapult, with MtGox as my receiving wallet. I put in $150, and got out $130 worth of coins. The price had surged in the few days since I decided to buy, to slightly under $10 per coin. I transferred the coins off of MtGox and onto my paper wallet, and it all felt very real! I wanted to buy more, and settled on CoinFloor to avoid the hefty fees I paid the first time. CoinFloor also allowed for instant fiat funding via a deposit at a bank teller window. Depositing $900 directly into a bank account was not without risk, but CoinFloor came through and the money was credited within 5 minutes. It all went flawlessly, and soon with my 100 coins spread out over a few different paper wallets, I could rest easy, without fear of a hack.
I occasionally checked the price, tested out Satoshi Dice, and read a little more on the technical underpinnings, but other than that, I mostly forgot about my Bitcoin investment for the next 6 months. Then, in early 2013, I read about a few seed rounds in Bitcoin startups, and I saw pictures of a Bitcoin booth at the CES is Las Vegas. Somehow that booth, with the Bitcoin logo, made it all seem even more legitimate. The price had climbed into the $14 - $15 range, and I wanted more coin. CoinFloor had been hacked and was out of commission. This time I would use the Dwolla to MtGox method of funding. I found myself seriously regretting not having done Gox's verification the previous summer, as the price quickly climbed while I waited. When my verification finally cleared, the price had shot up to $19, and I transferred in several thousand dollars and bought another ~150 coins. Over the next few months I kept buying until the price crossed $100 per coin. In total, I had put in about $10,000 for 340 coins. I worked part-time, with an annual income of about $25,000, so that $10,000 felt substantial.
The rise to $266 was exhilarating, as was the following surge to $1242. I mostly held, but sometimes tried to time the market with a small position (always 10% of holdings or less). I sold some coins the first time Bitcoin passed the $400 mark to recoup my initial investment, and I arbitraged when it was profitable. I lost a then-painful amount of fiat on MtGox, but not any coins. I held tight during the long bear market, with absolute confidence that the price would find a non-zero bottom, and it would only be up from there. The ecosystem was growing, the technology was maturing, and investment money was pouring in, and yet the price continued to decline. I would have loved to buy more, but doing so would have been truly irresponsible from a diversification perspective.
I have largely stayed away alt-coins, but I did mine-and-dump those I found annoying, and mined and held the one that I found interesting - Ethereum. I reluctantly pushed some BTC into Ethereum early this year, which turned out to be a good move. In total, over the past 5 years, I have returned about 200x on my initial investment, in the current form of about 250 BTC, about 700 ETH and approximately $300k of other liquid assets. The result is almost identical to a pure buy-and-hold from the beginning, but I felt the need to hedge as valuations changed over time. I feel no pressure to sell more coins, though I probably would convert a few in the $20k-$40k range, prices which I have long seen as likely, if not inevitable.
I am in my early 30's. Ask Me Anything! Though I might only have time to answer a few…
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Coinapult - YouTube BTCK 163 - Coinapult COO Justin Blincoe on Developing Markets Bitcoin is Real -- Bitcoin Embassy Near You? -- Coinapult Funded! -- Reddit’s own crypto Coinapult Locks Electrum plugin demo Coinapult Director on Bitcoins & iGaming

As Bitcoin [platforms] make more and more headlines, hackers and hoodlums are chomping at the bit to attack such a high-value target in an attempt to steal money. In the case of Coinapult, it looks like their hot wallet has been compromised, which is very similar to what happened to Europe’s leading Bitcoin exchange Bitstamp in January of this year. This allows Coinapult to fulfill the Locked value in terms of BTC when you choose to Unlock. 4.8 How does this compare to buying gold and holding it myself? Locks allows user to retain their purchasing power in terms of gold and spend that value using the Bitcoin network. While physical gold feels nice in one's hand, it cannot be spent using ... That means that, in the event of a serious drop in Bitcoin value, Coinapult could find itself operating on a fractional reserve basis, which could be very, very bad. That said, this kind of feature, if it can be implemented in a trustworthy and reliable fashion, does seem like an important stopgap measure until reduced speculation and the increased popularity of robot traders stabilize the ... Coinapult has raised $775,000 in funding from a group of notable investors and investment firms, including Barry Silbert’s Bitcoin Opportunity Corp, angel investor Roger Ver and technology-focused VC firm FirstMark Capital. The Panama-based bitcoin wallet service provider raised the capital through two rounds of funding, and aims to use the money for additional marketing and product ... Coinapult shall provide two main services: (1) Bitcoin wallet services and (2) the advanced wallet service in accordance with the terms set forth below. WALLET Regular Wallet. Coinapult will allow you to create a Bitcoin wallet within its system solely by accessing its website and clicking in the link referencing the creation of a wallet. This ...

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Coinapult - YouTube

How to Grow Roses From Cuttings Fast and Easy Rooting Rose Cuttings with a 2 Liter Soda Bottle - Duration: 28:23. Mike Kincaid Recommended for you Coinapult have been pioneering Bitcoin technology since 2011 and are proud to present you with robust payment tools like our simple web Wallet, Bitcoin by em... Profit when the bitcoin price drops: http://www.jameswinsoar.com/short-bitcoin/ INTUIT (Mountain View, CA) have just been awarded a patent for sending bitcoi... This video is unavailable. Watch Queue Queue. Watch Queue Queue BTC, ETH, LTC voodoo test charts! Price targets & pivots - NO MIC! OPTICALARTdotCOM 251 watching. Live now; Bitcoin: How Cryptocurrencies Work - Duration: 9:25. SciShow Recommended for you. 9:25 ...

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