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Bitcoin Black

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Black Bitcoin-Friday project announces the closure

Black Bitcoin-Friday project announces the closure
Black Bitcoin Friday announced its closure. According to the creator of the project, Jon Holmquist, the mission is fully completed, and the use of BTC for consumer payments no longer appeals to him personally.
https://preview.redd.it/m03r3ikf58141.png?width=1200&format=png&auto=webp&s=d43bd59e85ac6fe08be3fc84c379a40d68ef9810
Holmquist explained that over the seven years of the project, he fell out of love with the use of bitcoin as a means of payment for consumers.
In his opinion, the first cryptocurrency is primarily an investment and financial instrument.
He recalled that the project was launched to dispel the image of bitcoin as a shadow market currency. In partnership with retailers, Holmquist organized the participation of coin owners in the traditional Black Friday sale day.
He does not oppose anyone else to continue the project and is opened to negotiations.
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Black BitCoin

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Black bitcoins will be worth more than white bitcoins (5 year old post)

Black bitcoins will be worth more than white bitcoins (5 year old post) submitted by repfigit to Bitcoin [link] [comments]

https://bitcoin.black/bitcoin-black-v-bitcoin/?a_aid=5c530f3ca40b8

https://bitcoin.black/bitcoin-black-v-bitcoin/?a_aid=5c530f3ca40b8 submitted by sody226 to u/sody226 [link] [comments]

Black bitcoins will be worth more than white bitcoins

There is a schism coming in Bitcoin, due to bureaucratic overreach such as we're now seeing from NYDFS. This schism will not manifest as a fork in the block chain, but we are going to see two classes of bitcoins emerge, differing only in color. We'll have white bitcoins and black bitcoins. Both will exist on the same block chain and will move on the same P2P network, but they won't be interchangeable.
The "white" bitcoins will be those held at addresses for which personally identifying information has been registered in a state-mandated database. Bitcoins held at licensed depository institutions will be white bitcoins, as will all bitcoins moving through licensed payment processors (e.g., BitPay, Coinbase, etc.).
The "black" bitcoins will be all the rest — those held at addresses for which no identity information has been entered into the state's registry. Almost all bitcoins today are black bitcoins, but this will change. There will be incentives for converting black bitcoins into white bitcoins. The opposite conversion will be illegal.
What do I mean by converting? Well, converting black bitcoins into white bitcoins will be easy: just register your bitcoin addresses with the state, either by directly submitting your addresses and identifying information to the government or by importing your private keys into your account at a licensed depository institution.
Converting back the other way (from white bitcoins to black) will be tricky at best and practically impossible for most. The catch is that white-market businesses will be forbidden by law from receiving black bitcoins and from sending white bitcoins to unregistered addresses. Since the block chain is public, the regulators will be able to monitor for violations of this law and will prosecute companies and individuals who break it.
What this means is that there will be two incompatible classes of bitcoins. White-market businesses will not be able to accept black bitcoins; they'll be required to bounce any received black bitcoins back to the sender. Also, they will not be allowed to send bitcoins to unregistered addresses.
Black-market businesses and individuals (i.e., those operating outside the law — not necessarily immorally) will not be able to trade with white-market businesses and individuals. This will cut them off from a large part of the market. They will be under a strong incentive to convert their black bitcoins to white (necessarily paying any taxes due at the time of registration), just so they can do business in the white market.
Once a black bitcoin is converted to white, making it black again won't be legally possible. For this reason, the supply of white bitcoins will grow, and the supply of black bitcoins will shrink. As long as the demand for black bitcoins (for purposes such as use on anonymous online marketplaces) remains strong, there will develop a disparity in price between white bitcoins and black bitcoins. Black bitcoins will have fewer everyday uses but will become much more highly valued than white bitcoins. Black bitcoins will be the only bitcoins with which anonymous transactions will be possible.
The only way for white bitcoins to become black bitcoins will be through theft from white-market institutions. Regulators will shut down such an institution upon observing the theft (which will appear as a movement of bitcoins from registered addresses to unregistered addresses), but in many cases the theft itself would have doomed the institution to failure anyway.
There will be a great incentive for criminals to steal white bitcoins (thereby converting them into black bitcoins) because black bitcoins will be worth so much more. It'll be like an instant multiplier on whatever the thieves can take. Of course, subsequently converting the black bitcoins back into white bitcoins will incur a tax, which will sap the added value back out of them, but if the thieves are smart, they will trade the stolen (black) bitcoins for goods and services on the black market where they can get the most bang for their bit.
TL;DR: If you have the option, don't register your bitcoins. Keep your bitcoins "black." They'll be worth more in the future than if you color them white.
submitted by whitslack to Bitcoin [link] [comments]

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black bitcoin

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Black bitcoin #airdrop

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Black bitcoin

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Black bitcoin

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Buy Online Trezor Black Bitcoin Wallet

Buy Online Trezor Black Bitcoin Wallet
buy online trezor black bitcoin wallet from CryptoCoinX. Trezor black bitcoin wallet supports multi cryptocurrency.
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It is Lockdown your cryptocurrency with the highest level of security available. Never worry about computer viruses, malware, key loggers or hackers again; your private keys never leave the device.
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rezor Black Bitcoin Wallet available at cryptocoinx

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Mens Vintage Bitcoin T-Shirt For Crypto Currency Traders Medium Black #bitcoin #btc #altcoin https://t.co/tayAVI9eG1 - Crypto Insider Info - Whales's

Posted at: April 30, 2018 at 06:14PM
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Posted at: June 5, 2018 at 04:21AM
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Black bitcoin /r/Bitcoin

Black bitcoin /Bitcoin submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

05-22 05:53 - 'Black bitcoin' (self.Bitcoin) by /u/ikeyegola removed from /r/Bitcoin within 15-25min

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Black bitcoin
Go1dfish undelete link
unreddit undelete link
Author: ikeyegola
1: www.bitc*in*.io/#a*aid=5**d9b*d**04*
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

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BITCOIN VS BLACK PEOPLE - YouTube

Bitcoin Black The Future Of Crypto ..... Scam Or Legit? Hey, today we answer a viewers question is Bitcoin Black an amazing opportunity and the future of c... "Bitcoin, Blockchain and Black Liberation" BitMari Co-Founder Sinclair Skinner joins Karen Hunter to talk about how Bitcoin can power remittance and create a frictionless economy across the ... Bitcoin Black compared to Bitcoin Made 4 TV Gecko aka Mr.iPad Chain says more black people should buy "BITCOINS" now! Once the big boys buy in, you missed the boat! PLEASE Tip Me if you can a... GreyBTC chat to Isaiah Jackson a.k.a Bitcoin Zay, the author of Bitcoin and Black America book. This is a dynamic new book that explores the synergy between black economics, Bitcoin and blockchain ...

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