Owning fiat currencies reflects the trust you have in your politicians. Owning bitcoin reflects how much you don’t trust them.

If you like how things are being run with your government, then by all means you should stick to your government currency. If things aren't going so great, maybe you should start converting your old currency to the decentralized world currency, Bitcoin.

In other words. If you trust math more than politicians, you should use a currency based on math instead of a currency based on political promises.

submitted by /u/Elwar
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Bitcoin – The Currency of the Internet

Do not trust poloniex exchange, Stole my money and are ignoring me now

Poloniex Exchange recently decided after 2+ years of doing business with them to require more information for my account, That is fine they have every right to ask for whatever they need ect. But don't ignore me and steal my funds.

My account has been trading with them, small amounts, with a balance of 880$ USD for quite a while and never had a single issue and now all of a sudden my account is frozen out of the blue and I lost a bunch of trades that were set to auto buy back when the price dipped and they made sure to freeze my account at this point during a coin free fall before the buy back in what I can only imagine was there attempt to try to do the most damage to my trading account in hopes this would encourage me to jump on board and give them everything they wanted, but that will not be happening.

I received no messages or emails from Poloniex support prior to this happening. I have all there email domains white listed in my email, and I had not logged into the actual website for a while since all my trades were mostly on auto pilot setup using API keys through my trading software ect.

This type of customer relations is not only unheard of for any exchange I have used in the last 8 Years, but literally the same customer service I got from Mt.Gox right before they went under, so I felt the need to share. If they want to demand information and freeze my account this is fine but do not try to steal my funds when I ask to have my account closed. After these recent events and tactics witnessed I no longer trust them and will not be continuing with there exchange as a trading option, and I'm not sure how they think anyone would after being treated like this.

After deciding they were not professional enough to continue using and since I'm verified on Bitstamp, Bitfinex and a couple others already, who have never treated me this way, I informed them I would be closing my account instead and transferring my funds out asap. They acted like everything was fine and then locked me out of my already frozen account and have not responded to my support requests for over a month now. Yet they respond instantly to any other support requests and are clearly ignoring me now that I do not want to continue using there exchange.

This type of customer service and support for an account that is over 2 years old with them is appalling. I'm just glad I recently transferred the bulk of my account balances out prior to this happening.

I would highly recommend if you use Poloniex.com to be very weary of them as they do not care how long you have been with them when the time comes you decide to move on they will likely try to rob you also.

I have already taken other legal steps at this point in time, and am posting this for the purpose of making sure other have a fare warning of my experience. I will attach my support ticket conversation that has been a single reply from support and now 30+ Days of being ignored, without even an update to say there still working on it or if my case was passed to appropriate department as they claimed.

Steer clear of these guys and be careful!!


submitted by /u/Theguy3993
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Bitcoin – The Currency of the Internet

Bitcoin is an adversarial network; by my count there were 68 attempts in the past week to feed an invalid block to my node. There was also an attempt to create 234,512 BTC out of thin air. This is why we don’t trust, we verify.

Bitcoin is an adversarial network; by my count there were 68 attempts in the past week to feed an invalid block to my node. There was also an attempt to create 234,512 BTC out of thin air. This is why we don't trust, we verify. submitted by /u/Bitcoin_21
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Bitcoin – The Currency of the Internet

Do NOT trust Poloniex. Do NOT trust Circle. The bait and switch scam.

Poloniex team in December 2017 said:

"As with any change, we understand you may have concerns about how this requirement impacts you and the consequences of not meeting this verification deadline. Here are further details on what to expect.

On the date of the deadline, legacy accounts will be placed in a state where:

Trading and lending will be disabled; Open orders will be closed; Loans will have auto-renew switched off; Margin positions will be given an 8 week wind-down period where they can only be diminished or closed. After the 8 week wind-down period, they will be closed; Deposit addresses will be revoked. Any deposits sent to a revoked address will not be recoverable until the account is fully verified; Withdrawals will remain enabled at the daily withdrawal limits prior to the deadline. If at any point you verify your legacy account, full functionality will be restored and your daily withdrawal limit will be increased to $ 25K USD equivalent."

Flash forward to May 2018!

Tens if not hundreds of people have been locked out of their accounts even after verifying their identity and have their accounts frozen.

See their Twitter. See /r/PoloniexForum or /r/Poloniex.

The Circle Poloniex Team outright lied and simply CANNOT BE TRUSTED WITH ANY FUNDS. Be very careful.

submitted by /u/revcback
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Bitcoin – The Currency of the Internet

Don’t invest if you don’t trust in Bitcoin. Price is unimportant in the long run. The real value of it through adoption and real-world usage is sky-rocketing since months.

Just thought I'd share what I see as the most important lesson I've learned since I started to get Bitcoin.

Its current price is not its value.

Price is only temporary and will always adjust to value in the end.

You can get a grasp of Bitcoins real value everytime you see news about which new country or organisation is adopting bitcoin. Everytime you see some random sign that says "accepting Bitcoin now". Hell, you can get debit cards by now that you just use like the normal ones and in the background every payment is paid from your wallet instead of your bank account.

But most importantly I learned to bother less about how much fiat my coins are worth because getting Bitcoin should be about having Bitcoin to use in the future because for me there is now doubt about it replacing our current money system.

It already is.

So better be honest to yourself. Do you really trust in Bitcoin and are willing to ignore the price going down because you see its true value?
Or are you just after something to make money with. There's absolutely nothing wrong with that but the problem is if you don't put value>price than you're in for a lot of sleepless nights.

Have a good day everybody. And keep sharing all those pictures about random local stores accepting BTC now 🙂

submitted by /u/mooneken
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Bitcoin – The Currency of the Internet

PR: Utrum to Launch Innovative Blockchain Platform Solving Trust Problems for Crypto Investors (news.bitcoin.com)

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
Utrum, a decentralized community platform with reputation-based quality reviews of crypto projects and assets, has announced its public token crowd sale to launch May 10, 2018. Utrum…