Comments & Replies on Steemit to my Post Bitcoin Ace.

Comments & Replies on Steemit to my Post Bitcoin Ace.

rizalmahrez (39)

  ·  2 days ago
your post is very interesting. @ijavee
but I want to ask you, how do you think about the development of 2018 bitcoin price in the future?
I just want to survey some people

@ijavee (58)  ·  2 days ago
Thank you. I don't know where the price of Bitcoin is going in 2018.Up and down volatility is a certainty for some time. There are some astonishing forecasts being made as you know.$100,000 within 10 years I've seen.Also 1 Million ! Have you read the book by Sam Volkering.Very knowledgeable and with a few years experience of Bitcoin -

 A quote and a Bitly link to an article here - CRYPTO BOOK: why cryptocurrencies will replace the existing financial system

http://bit.ly/2BPZcFI

jlsplatts (53)

  ·  2 days ago
It’s either their worst nightmare or they created it to get everyone to go 100% digital. Just my .02.
Bitcoin isn’t goin anywhere, it is here to stay.

ijavee (58)  ·  2 days ago
Thank you. Yes I think there will be much discussion in bank boardrooms about the looming dark,threatening shadow of Cryptocurrencies. Publicly they convey an air of indifference, as if it's a pesky pest they can swat away.But I doubt if there is much they can do, other than pressure government to ban or throttle it with legislation

jlsplatts (53)

  ·  2 days ago
Oh ya there will be legislation guaranteed!! They will throw the kitchen sink at this one, as it gets bigger and bigger they will feel the pressure.

ijavee (58)  ·  yesterday
Sorry jlsplatts. I seem to have missed replying to your excellent 'Throw the kitchen sink' comment. That, and 'Toys out of the pram',we are going to see in spades - Coming Soon!

izolith (25)

  ·  2 days ago
Pretty sure Ripple is up for this task. It's centralized as i heard, but with the help of Ripple transactions will take a few seconds instead of a few hours (or days).
If banks want to stay in the game they'll have to adopt Ripple (or another cryptocurrency if a better one arises)

ijavee (58)  ·  2 days ago
Thank you. I've heard a lot of good things about Ripple, and I need to look further into it. For me the outstanding reason for financial Cryptos to do well is because as I put in my post, their universal ability to speedily process foreign transactions.I like Ethereum because it is the Crypto for Business and is growing in popularity with both National and International companies for processing Contracts on the Blockchain.

The-ivor (55)

  ·  yesterday
OP’s post mentioned Bitcoin being born as an alternative to bank money. Yes and no... it’s really a apolitical money taking financial control fraud away from governments and their buddies in the revolving door of govt-corp-central bank. Bitcoin bypasses their favorite tool, the printing press.

ijavee (58)  ·  18 hours ago
Thank you.I agree about the common government practice of printing money. Quantative Easing is the name they give it I understand. Sounds better than Debt. As someone brought up to believe - Save a penny over income, result happiness - Spend a penny over income, result misery, I just can't fathom how US & UK national debt will ever be paid off ? Is a lot of misery waiting for future generations down the line ?

the-ivor (55)

  ·  7 hours ago
Their plan is to have all the boats sink simultaneously so that nobody can jump ship for another. They didn’t plan on the Internet and its cypherpunks coming up with an end-around.
The thing I most admire about this new science fiction paradigm called Bitcoin that we are building is that it has expanded the collective consciousness into contemplating new possibilities for the shape of our future. Until this happened, I think ‘the man’ was pretty comfortable with the power structure... but shit happens.

ijavee (58)  ·  4 minutes ago
I'm not sure that Bitcoin will become the alternative finacial system.It seems there are too many issues grumbling away in the background -
Transaction charges too high - Processing too slow - Limited scope to scale to handle increasing demand. It's one of the drawbacks of being first.
Those coming after benefit from seeing the problems with the original.
The important invention in my view is the Blockchain.It provides ways and means to be independent of the financial institutions.
Bigger and better Cryptocurrencies will evolve.

  ·  2 days ago
Ripple and Stellar Lumens will probably play a large role in the inter-bank payment system. In the end, that is fine with overall costs of (international and national) payments decreasing.
For those that want to pay outside of the banking system, numerous crypto networks already exist (Bitcoin, Ethereum, dark coins like Sumokoin, DeepOnion and Monero) and will continue to exist. I also expect exchanges and/or crypto credit card providers to merge into or move towards becoming payment hubs, providing for Lightning Network type of payments between their users and - in the end - globally between those payment hubs.
Crypto is slowly merging into the existing world and the existing world is slowly (but slower than crypto) merging into the crypto world.

ijavee (58)  ·  2 days ago
Thank you. It is good to hear that competition is already causing banking charges to decrease. Your description of the slowly melding of the Crypto and orthodox financial worlds already going on, is interesting. I did not expect it to be bloodless !

  ·  yesterday
Well said. Some days ago my sister transferred money into my account and when I checked my balance, it had already gone below 0 before the transfer which meant I was already owing the bank. For what? ATM card maintenance fees, SMS alert fees, OTP fees and a bunch of other stuff I don't know plus VAT for each fee charged.
It's just sad and ridiculous. I think Bitcoin will be around for a very long time

ijavee (58)  ·  yesterday
Hear Hear. Thank you. Banks have never faced real competition ever before. There are signs that they are waking up to the fact that Bitcoin is here to stay and poses a big challenge to their monopoly.I think it is inevitable that they will lose most if not all of foreign exchange transactions,for the reasons in my post.This will force them to concentrate hard on their domestic market, and offer service with a capital S to customers for the first time,and about time!

This Banks V Bitcoin is rousing some comment on Steemit!

This Banks V Bitcoin is rousing some rousing comment on Steemit!

Here's the link -

https://steemit.com/bitcoin/@ijavee/is-this-the-bitcoin-ace#comments

Bitcoin & Cryptocurrency Website for Sale !

Website for Sale   http://bitcoin-in.net

Lifetime Free Wordpress Hosting  

In Cryptocurrencies - one of the most talked about subjects on the planet

Price $200

Fully operational without any further cost now. Ready for Transfer .

14 Pages- Categories include – Books,Gifts,Hardware,Tee Shirts,Graphic Cards,Accessories.All supplied by Amazon. You will need an Amazon Affiliate Account.

 and the potential for growth is enormous.

Things being said -

7 reasons why you need to put some of your wealth into cryptocurrencies

Scarcity: only a finite amount of bitcoin can ever exist.

Decentralised: no central bank has any influence.

Borderless: cryptocurrencies can be transferred directly to a buyer anywhere, instantly.

Alternative financial system: cryptocurrencies could replace the current distorted system in the long term.

Unregulated market: there are incredible opportunities to make money.

Support: major corporations are backing cryptocurrencies.

Adoption increasing: as more people start using cryptocurrencies, its value grows too.

Sam Volkering: “I certainly am of the belief that, long term, this is going to become the financial system that we use around the world.”

Many influential people in Finance and Business are confident that Major Financial Transactions and Contracts in the near future will be in Cryptocurrencies and on The Blockchain 

No sales to date. I am not able to give the website the attention and energy needed, due to my age (91).

Enquiries to ivorvale@gmail.com

Will also be advertised on Ebay.

Tees - His N Her Now - Get Our Tees On

Christmas - A few Worms of Wisdy (Unwinese)

Happy Christmas Everyone

Busy day to day,but I will have a cracker of a post for after Christmas

In the meantime,a few worms from the Professor that highlight how good it is for most of us.

A Chrimbold Caroloder

Inspirey by Charley Dicker

Ebenezey Scroogeloder sat all two-square on the botty by the flickery light of a candlopper, all scowlage on the facebole and grumpymost there.

In a far corm of the room, shivery and cloudymost of the breathloder, Bobly Cratcher all scribbly with a quill-pen in the gloomy.

“I suppole you expeckly day off tomorrole, Cratcher” said Scroogeloder.

“Well it is Chrimbole Sir” says Cratcher, all mumbly and averty eye contacker.

“Chrimbole?

 Humbugly!”

http://hisnherteeshirts.com

'Blimey- It's Christmas Eve and I haven't bought the presents Yet"

Not to worry.Jane MacDonald in her TV programme last night eased my guilt saying that I am typical of the male,and the following scenario is played out by most men on the day before Christmas every year !

'Blimey- It's Christmas Eve and I haven't bought the presents Yet" Light bulb moment of inspiration -I'll pop to the garage shop'. Where the shelves are empty except for some Christmasy Patterned packs of Tampax Sanitary Towels,and Jump Leads!

Bitcoin

Here is a video on Bitcoin,whose price has been savaged in the past 2 days by traders who had bought low, selling high and taking profits for Christmas.Always expected.

My Bitcoin BTC account is down of course,but my Bitcoin Cash BCC is up by a few points and so is my Steem Dollars SBD.Weird - swimming against the tide like that,but welcome. Could all change again in the next minute,that's how volatile cryptocurrencies are,and likely to be for some time.

Here is the latest bitcoin video -

If it doesn't run - Here's the link -  https://youtu.be/eyS-aki7W94

I'm trying my hand at video making.Very enjoyable, but much to learn.This is latest attempt. Terrible,but progress is made by doing!

The Presenter introducing the video comes with the script that I chose.He reminded me of Julian and Sandy in the Round The Horn Sketches.Iv'e put a video lower down.see if you think the same ?

Again, if it doesn't run,here is the link - https://youtu.be/_i8T0R1uwkM

Julian and Sandy -

https://www.youtube.com/watch?v=4Lyem4h4rZo&sns=em

Why Bitcoin * Cryptos are in a Catch 22

Why Biticoin & Cryptos are in a 'Catch 22' !

ijavee (58) in bitcoin •  3 hours ago

_

image credit Nick Anderson,
Why Biticoin & Cryptos are in a 'Catch 22' !

'Catch 22' - Where something is such a success that success overwhelms it.

'A victim of their own success' - Similar

And -

'Hoist by their own Petard' - 'Hoist by their own petard' (modified) is a 'Shakespearean idiom from Hamlet meaning "to cause the bomb maker to be blown up with his own bomb"

The Crypto exchanges are also in a 'Chicken or Egg' dilemma. To maintain and improve their market position they need to accept the daily exponentially increasing hordes of new customer applications whilst recruiting and training staff to handle the work.

If they accept new customer applications but subject them to long approval delay,they risk losing them,and if they stop accepting new applications while they recruit and train new staff...... you get the picture ?

I have been driven to distraction this past couple of days trying to get verification for my Cryptocurrency accounts with Bittrex and Coinbase.I was driven to shouting a rude word at one point- Bum!

I have some bitcoin in Bittrex and have basic verification,but I can't withdraw without enhanced verification.I've been wrestling to do that with several attempts.

Part of it may be my fault because of unsteady hands holding my driving licence up to the webcam,and also hitting wrong keys and tabs through old age and increasing rage.

Then a message saying because of high demand apologies are offered if service is not as expected,but extra staff are being recruited and trained.

I want to buy a computer programme but payment from UK residents can only be in Ethereum from Coinbase.I have a Basic coinbase account but guess what ? To buy and withdraw I need to be enhanced - I've never been so insulted - I know the retort to that is -'Oh you must have been'. I'm not pretty - but!

It's a paradox - I wan't first grade security on my accounts, but Crypotocurrencies were supposed to be ultra secure because of the blockchain,but the exchanges seem paranoid in wanting you to jump through so many hoops to get access.

Hey it's not all bad -

I've been a fence sitter on global warming,but have been sent a brief report which is the noncontroversial,end of argument, proof!

Have I beaten Bill Gates to it with the above global warming news. I
received his newsletter for December today, and here's an extract -

"I just returned from Paris where I was attending the big meeting on climate change hosted by President Macron. Leaders from around the world gathered together to take stock of the progress the world is making on this urgent challenge.The good news is that there’s a lot of progress to report."

Christmas - Seasolly Greetage (Unwinese)

Comments on Steemit 
franco-the-cat (25)  ·  2 hours agoI have the same experience lately but with ISA`s and normal trading accounts. It took me 3 month to remove my money from Barclays recently. It like the song says you can check in anytime you want but you may never leave! Try localbitcoins.com much easier to deal with a real person then some faceless institution who will misuse your identity.

Reply
[-]ijavee (58)  ·  59 minutes ago

Thank you. Oh dear.At my age have I got 3 months ? The only difference perhaps ,with respect,is that maybe there wasn't the same urgency with withdrawing from Barclays,although it is unacceptably long,as the present frenzied hysteria around cryptos. I mean to lose the amount that bitcoin has risen in the past 3 months through not being able to verify an account and place a buy order would be very substantial. Best regards Ivor.
$0.00Reply Edit Delete [-]trevor.george (66)  ·  44 minutes ago I haven't gone so far as to withdraw money to my bank account yet. But I have managed to get SBD from Steemit to Poloniex and into my Jaxx wallet. I don't think i did any special validation, just signed up for an account. But it seems that they are not accepting SBD at the moment, and Bittrex are not accepting new accounts at the moment, so I'm looking elsewhere to exchange money. I signed up to hitBTC to see if I can get that working. i haven't changed any money yet, but it looks like it might work. If I get the chance to do an exchange today, I'll let you know how I get on.