LifeCoin - Rewards for Walking

I love the Gyft iPhone app. We just bought a cart full of groceries at Kmart...with Bitcoin. That's pretty damn cool!

I love the Gyft iPhone app. We just bought a cart full of groceries at Kmart...with Bitcoin. That's pretty damn cool! submitted by TheBitcoinWife to Bitcoin [link] [comments]

Use GYFT WITH BITCOIN on iPhone by loading the cards in a VIRTUAL ANDROID DEVICE!!!

Here's how it's done:
Go here and download a VM image:
http://androvm.org/blog/download/
I chose this one:
vbox86tp version with gapps & houdini & flash : AndroVM_vbox86tp_4.1.1_r6.1-20130222-gapps-houdini-flash.ova
Why Houdini & Flash? No fucking clue! :D
So then go here:
https://www.virtualbox.org/wiki/Downloads
... and get yourself hooooked the fuck up with whatever your OS flavor is!
Run one in the other. Get it all set up with whatever your lame-ass google account is. Then use its app store equivalent(play store?) to get gyft. Sometimes it doesnt work, sometimes it does.
IF IT DOESNT WORK:
https://play.google.com/store/apps/details?id=com.gyft.android
This page, in my firefox browser(not on the VM, but on the PC running the VM), somehow magically detected that I had this weirdass fake virtual android device plugged in. And it allowed me to download.
Then just sign into whatever the gyft account is on your iphone and use gyft's bitcoin feature to raise some serious gift-card havok on your account, and watch the cards appear on your iphone once you have purchased them!
TL;DR: run androvm in virtualbox to load up your gyft acct with bitcoin gift cards
edit: OMG CAKEDAY!!! Just noticed!
submitted by biznizza to Bitcoin [link] [comments]

Just realized Gyft app on iphone doesn't accept bitcoin, only android does:/

this must be apple's doing, right?
submitted by nugget954 to Bitcoin [link] [comments]

Can't find 'Pay with Bitcoin' option on my gyft app. Running ios7 on an iPhone 4. Thoughts?

submitted by Pittsbri to Bitcoin [link] [comments]

It's Time to Let Everyone in on Litecoin's Biggest Secret

Fellow Consumers,
It's possible that you might be getting a little upset at the current BTC fees. Please assist me in sending, or editing as you see fit, this drafted outline and email to whichever business you feel would benefit from using Litecoin instead. Or you can make a video, or tweet the link, or 100 other things. Just help in bringing attention to Litecoin in BTC's mempool time of need. It's time they learned Litecoin's biggest secret .... It’s THE BEST payment method out there. Also, please support businesses that currently accept Litecoin. I've put together a list below the draft.
........................................................................................................................................
BEGIN EMAIL DRAFT
To whom it may concern,
Has your company ever considered receiving the alternative payment currency Litecoin?
To begin, you may already be accepting bitcoin and Litecoin is very similar to bitcoin. If you're unfamiliar with bitcoin as a currency then Litecoin is a great place to start. They are even built from the same Core coding. A benefit to Litecoin is that it has a 2.5 minute block time instead of bitcoin's 10 minutes. This makes Litecoin's transaction speed four times faster and much less expensive than bitcoin. In layman's terms, this just means payment is confirmed faster and less expensively with Litecoin.
For reference - you can see the average fee of both bitcoin and Litecoin in US Dollars compared here: https://bitinfocharts.com/comparison/transactionfees-btc-ltc.html#1y
This chart shows the average fee for Litecoin is staying around 10 to 20 cents, and bitcoin bouncing between a low of $1.50 and $8.00 recently. This means you would pay less in fees to convert the same total value into fiat or USD in this case.
If you were to compare this to the average credit card transaction fees, of say 2.5%, any transaction over $5.00 would be more profitable through Litecoin.
Reference of fees found here: https://www.cardfellow.com/average-fees-for-credit-card-processing/#Typical
If you've heard of Litecoin, I'm sure you have heard the saying "Litecoin is the silver to bitcoin's gold." But really, Litecoin should really be considered Platinum instead of silver. Platinum is stronger, more durable, and much more ductile. Over 20% of all consumer goods either contain platinum or are produced using platinum. Platinum is truly an enduring metal just as Litecoin is truly an enduring cryptocurrency. It will be 6 years old this October, bitcoin is 8 years old.
A few facts that demonstrate Litecoin's strength, durability, and ductility are listed below:
  1. Litecoin has a large economy and your current bitcoin technology should work on Litecoin with very little changes. If you don't use bitcoin, it is still easy to implement.
  2. Litecoin has the best combination of economic size and technical similarity to bitcoin than any other cryptocurrencies.
  3. Litecoin is capable of eight times as many transactions as bitcoin in a ten minute period.
  4. Litecoin has much faster confirmation times with blocks that are not full.
  5. Litecoin has proven its longevity compared to many other cryptocurrencies that have come and gone.
  6. Also, if changes ever need to be made to Litecoin, it doesn't take years to implement them. Litecoin implemented Segregated Witness before bitcoin, and will most likely run on the lightning network before bitcoin as well. If you don't deal with bitcoin, this all just means Litecoin is a front runner in implementing new technology and features.
  7. Litecoin is a limited supply coin, launched fairly, with no coins premined (no developer is hiding a majority somewhere), nor has it ever hard forked for any special interest groups. It is decentralized and no one person or group controls what happens to it and no one person or group can manipulate the market.
  8. Whole Litecoins are much more affordable than whole bitcoins. This helps eliminate some psychological barriers to entering the market.
In conclusion:
If your company was to accept Litecoin, I would be happy to start conducting my business with you.
If your company accepts bitcoin payments but not Litecoin, I hope I have helped shed some light on the benefits Litecoin could bring to your business.
If your business does not accept bitcoin payments, I hope I have introduced you to an alternative payment option that a large number of people transact with everyday who would love to add you to their list of merchants accepting Litecoin. It really is the currency of the future.
If you have any questions about Litecoin or need help in possibly implementing Litecoin into your business, please let us know. There are many of us here excited to help you transition into accepting Litecoin or to help you further and answer any questions you may have.
We can be found here:
[email protected]
[email protected]
https://www.reddit.com/Litecoin
https://twitter.com/LitecoinCA
http://litecoinalliance.org/
https://twitter.com/ltcfoundation
https://twitter.com/litecoinsupport
A few options of the easiest ways to implement Litecoin payments currently are:
  1. https://shapeshift.io - currently used by Overstock.com - "The Safest, Fastest Asset Exchange on Earth"
  2. https://coinpayments.net/ - Payment gateway for LTC & BTC
  3. https://alfacoins.com/ - an international LTC & BTC payment processor
  4. https://www.asmoney.com/ - an electronic payment system for LTC & BTC
  5. https://www.gocoin.com/ - Enabling merchants to accept BTC & LTC payments
  6. http://cointopay.com/ - Provides merchant services in LTC, BTC, & many others
  7. https://www.cryptowoo.com/ - a decentralized payment plugin to accept LTC, DOGE, & BTC
  8. https://gourl.io/ - an open source crypto-currency payment gateway
  9. https://litepaid.com/ - accept LTC, BTC, & over 25 others fast & easy
END EMAIL DRAFT ........................................................................................................................................
This below is for LTC spending reference. No need to include it in any email. Dots were added in for any mobile users who can't see the formatted lines.
Places to spend Litecoin:
Please feel free to mention any links/sites/businesses you know of - It took me a bit to compile this list or PM me and I will add your business link to whichever category you prefer. Also, please verify with the consumer they still accept Litecoin or are still an active domain before purchasing.
A Bit of Everything:
https://overstock.com - Furniture, Decor, Cars, Pet Adoptions, Jewelry, Clothing
http://bitroadmarket.com/en/ - Electronics , Home and Kitchen
http://shop.btcs.com/ - Jewelry, Coins, Shirts, Collectors Items
https://bitcoingalaxy.us/shop/ - Jewelry, Coins, Shirts, Collectors Items
https://www.all-mints.com/- Gift Cards, PCs, Clothing, Food, Tools, Perfume, Electronics, Bags, Shoes, Gifts, Pet Products
Art & Collectibles:
https://bitographs.com/ - Crypto Posters
https://dogmaportraits.uservoice.com/ - Prints of your uploaded pet photos
http://cryptoart.com/ - Crypto themed art
http://bitcoinsportscards.com/ - Sports Cards
http://aircraft-photos.com/ - Aircraft photos
http://www.juanmiguelsalas.com/blog/ - Art - Blogger
http://www.benzandbeamer.com/ - Luxury Cars
Clothing/Jewelry:
https://Digswag.com - Clothing, Unique Items, Pets, Home and Office
https://Coinpupil.com - Crypto themed clothing
https://allthingsluxury.biz/ - Fine Jewelry
http://www.afkapparel.co.uk/ - Geek/Gamer clothing
http://www.sakamaonline.com/ - Leather and Rugs
https://www.siamsecrets-auz.com/ - Siam clothing
https://cryptocurrencygear.com/ - Crypto gear
https://www.topshelftoker.com/ - Shirt and Hat
https://allthingsdecentral.com/ - Card games, Hardware wallets, clothing, Beginners Box
http://shiresoaps.com/ - Soap
https://5mr.com/ - Baby Wearing
https://www.cryptojeweler.com/ - Jewelry
https://www.cheveux-naturels.com/ - Hair Extensions
https://www.etsy.com/shop/JestersLeather - Leather
http://www.cryptoverge.com/ - Crypto clothing
http://moniebug.com/ - Chlidren's Clothing (Launch Party Sept 30th - Coming Soon)
https://chicagogemshop.com/ - Precious Gems and Crystals
https://litecoinmerch.com/ - Litecoin Merchandise - Donates 25% Back to LTC Foundation!
https://twitter.com/LitecoinMerch
Domains/Hosting/and Other Digital Services:
https://nameselling.com - Domain names
http://www.lovinghosting.com/ - Linux Web Hosting
http://www.lovingdomains.com/ - Domain names
https://www.vps-city.com/ - Virtual Private Servers
https://flokinet.is/en/ - Anonymous Servers
https://coinshost.com/en/ - Web Hosting and DDos Protection
http://www.qhoster.com/ - Hosting, VPS, Servers, Domains
https://briehost.com/ - Hosting, VPS, Servers, Domains
https://www.hostmycode.in/ - Hosting, VPS, Servers, Domains, Wordpress, SSD Reseller
https://www.cinfu.com/ - Shared Hosting, VPS, Dedicated Servers, Domains, SSL Digital Certificates
http://ellenet.com.au/ - Web Hosting, Web Design, Server Maintenance, Web Development
https://247zilla.com/ - Cloud Hosting
https://hosthavoc.com - Game/Minecraft/Voice Servers and Web Hosting
https://www.simrai.com/ - Game/Minecraft/Voice Servers and Web Hosting, Package Deals
https://143vpn.com/ - VPN, DDoS protection
https://torguard.net/ - VPN, Anonymous Email, Anonymous Proxy
https://www.trilightzone.org/ - VPN Services
http://gameservers.today/ - Game and Voice Servers
https://xwebhosting.org/ - Dedicated and Cloud Servers, Web Hosting, Datacenters
http://www.onenetwork.net/ - Servers and VPS
http://instantcpanelhosting.com/ $0.5 Hosting, $4 VPS, Domains, Dedicated Servers, SSL
https://koddos.net/ - DDoS protection, Off shore hosting
http://www.coinrdp.com/
https://axelwebhosting.com - Web Hosting
18+:
http://www.vieci.com/# - Assorted Adult Products
Food and Drinks:
https://tealet.com/litecoin - Assorted Teas, Loose Leaf
https://www.drinkcham.com/ - Award Winning Cold Brew Tea
https://www.cryptomercado.com/ - Coffee, Jerky, Nuts, Snacks
https://crypto-coffee.com/ - Coffee
http://drapis.com/ - Raw Honey
Furniture:
https://distinguishedimports.com/shop/ - Hand Blown Glass, Decor, Vintage Furniture
Game Keys:
https://key4co.in/ - Game Keys
https://www.cjs-cdkeys.com/ - Game Keys and Physical Discs
https://gamerzheat.com/ - Game Keys and Software
Gift cards:
https://www.gyft.com
https://www.cryptodechange.com/
https://www.egifter.com/litecoin/
https://bitcoingiftcards.com.au/
https://www.cryfter.com/
https://giftoff.com/
Gold and Silver:
https://www.coaex.com/ - Gold and Silver Bars
http://www.bitgild.com/ - Gold, Silver, Platinum, Palladium, Accessories
http://www.bitcoinmetals.us/ - Copper, Gold, and Silver Bullions
Law firms:
https://sohovichlaw.com/ - DUI Defense
Miscellaneous:
http://coinmap.org - Map of Local Businesses
https://www.unlockbase.com/ - Unlock iPhone
https://www.custommuzzlebrakes.com/ - Custom Gun/Rifle Parts
http://www.getballistic.com/ - Body boards
http://www.3dp4btc.com/ - 3D Printing
Music:
http://www.shanthagopian.com/
http://www.progmegastore.com/store/ - Memorabilia, Vinyl, and Collectors Items, CDs and DVDs
http://cryptopay.trebaltek.ca/wp/
Other Electronics:
http://www.thermostatenshop.nl/ - Thermostats
http://www.heat4feet.net/nl/ - Floor Heating maps, rugs, thermostats
http://www.opritverwarmingen.eu/ - Heating cables, thermostats, and control systems
https://www.vorstvrij.net/nl/ - Heating cables and thermostats
http://www.keraheat.com/ - Assorted heating products
Pet Supplies:
http://cryptopet.com/ (Out of date site)
Physical Coins:
http://www.lealana.com/ (also sold on bitcointalk.org forum)
Travel:
https://www.cheapair.com - Plane tickets
https://btctrip.com/ - Festivals, Burning Man, Museums, Trips
http://finnatravel.com/ - Travel Agency
https://www.mercadoviagens.com/ - Brazil Travel Agency
http://3s.ee/booking/# - Estonia Hotel
https://www.surfranchnicaragua.com/bitcoins - All Inclusive Nicaragua Resort
Vape Nation:
https://arkansaseliquid.com/ - Vape Shop
https://www.vaposhop.com/ - Vape Shop
https://azarius.net/ - Assorted 'exhalant' supplies
http://btcheadshop.com/- Assorted 'exhalant' supplies
https://www.fogonthetyne.eu/- Vape Shop
https://www.ecigsplus.com/- Vape Shop
https://vapourdepot.com/- Vape Shop
http://www.tobaccoseed.company/ - 'Grow your own' Tobacco Seeds
https://kingpenvapes.com/- Vape Shop
http://www.digitalcloudvapor.com/- Vape Shop
Current Litecoin Developments - For Reference
Litecoin Roadmap - https://litecoincore.org/
Lightning Network
LN - vid by LTC Foundation's Franklyn
ln.network
RSK - Rootstock Sidechains
RSK - vid by LTC Foundation's Franklyn
rsk.co
MAST - Smart Contracts
Inside MAST: The Little-Known Plan to Advance Bitcoin Smart Contracts
Multisig Wallets
Multisig - vid by LTC Foundation's Franklyn
If you find any errors, mistakes, have suggestions of websites, comments on the wording, or what have you, just let me know in the comments or through PM. Also, as a disclaimer: I can not confirm every website above is still active or still accepts LTC, some accept but you have to email them first. I also left all the gambling websites out because those are hard to verify their trustworthiness.
Also, feel free to cross post this anywhere you want on the internet. You can edit and create whatever medium, youtube, twitter, reddit, voat, 4chan, bloomberg post you want. Feel absolutely free to get all that sweet sweet karma for yourself.
EDIT: I'll no longer keep this list up. I'll keep updating https://redd.it/6w0khi over in litecoinmarkets so you can always link to that.
submitted by 1JoeLite1 to litecoin [link] [comments]

Paying with Bitcoins on iPhone

I'm making an iPhone app that will allow people to pay for goods with Bitcoins. I'm trying to figure out how to make this process as seamless as possible and I have a couple of questions. Is there any good information out there on this?
What's the best way to send a payment from an iPhone? From my current understanding of Bitcoin, I have the following options:
  1. Use something like the Coinbase payment button. Since my app will most likely be based on PhoneGap, this should be easy to add. The problem with this? It requires an external wallet app to scan the QR code and make the payment. Since this is on an iPhone that doesn't run multiple apps simultaneously, this is pretty much a no-go.
  2. Build my own Bitcoin client into my app. In other words, my app would have an integrated wallet client with it's own address(es) that the user can transfer money into using a client of their choice. When making a payment in the app, they'd enter their passphrase to unlock the private key and the money is transferred. Problem with this is of course that it may be a lot of work, and greatly increases the complexity of my app, since I pretty much have to provide an entire wallet application. There might be frameworks out there that solve this, but I'd still have to design my own app screens to make everything seamless.
  3. Use an external wallet client via URI scheme. This would work similar to how logging in with Facebook works right now. We direct the user to a special URI starting with "bitcoin:" that contains the destination address and the amount, like this bitcoin:1NS17iag9jJgTHD1VXjvLCEnZuQ3rJEDGL?amount=20.3X8. An application registered to handle this URI scheme (such as a wallet app) would open and show a confirm payment dialog. The user would enter their passphrase there and send the payment, and the be redirected to my app.
Obviously, no. 3 is by far my favorite solution, but does it work? Are there any wallet apps out there that implement this functionality? I've seen some posts on here saying that Apple doesn't allow apps that make Bitcoin payments in their store, is this true? What's the current state on this?
If there isn't a good way to make this work on iPhone, I might have to go Android first. Does anyone have info on the state of Bitcoin there? I've never had an Android so I'd rather work with a platform that I know, but I'll switch if I have to.
submitted by WernherVonWernher to Bitcoin [link] [comments]

Cryptocurrency: Is It Still Alive or Dying? Part 2

Cryptocurrency: Is It Still Alive or Dying? Part 2
Cryptocurrency: Is It Still Alive or Dying?
Part 2. Political and Economic Trends in Favor of the Cryptocurrency Market Development

In the first part of the story we showed that the cryptocurrency market crash in 2018 and the beginning of its recovery in 2019 fit well into the general patterns of the financial bubbles’ development, and also repeat pretty well the Bitcoin dynamics of 2014-2016. But besides the analogies with other bubbles, there are a lot of other arguments in favor of the global growth of the market, among which are the political and economic trends of the recent years.

Relaxation of the Political Climate around the Cryptoassets

The entire year of 2017 has witnessed heated discussions as to the legal status of the digital assets. One of the central events of the year was their legalization in Japan in April. Precisely this legalization, according to many, spurred a dramatic growth of the cryptocurrency market in May (especially, altcoins). But the majority of other countries during this period held more skeptical positions.

The U.S. government on several occasions refused to register bitcoin-ETF - exchange-traded funds, the price of shares in which would repeat the price of BTC. The U.S. government also extremely tightened the conditions of the ICO procedure, while some countries, such as China and South Korea - have banned it completely. Certain countries, such as Indonesia and Salvador, have banned cryptocurrencies to the extent of criminal responsibility.

A number of countries, including Russia, have adopted a cautious wait-and-see attitude, regularly promising to impose restrictions of varying severity, but not hurrying to sign it into law.

A turning point on the way to the global recognition of the cryptocurrency was the beginning of trading the Bitcoin futures at the Chicago exchanges (CME) (the world’s largest stock exchange in terms of turnover) and CBOE in December of 2017. That is when the American government admitted openly that cryptocurrencies are now to be reckoned with. With the beginning of this trade, the powerful financial circles of the USA, whose opinion cannot be ignored by the political leadership, became interested in the development of the cryptocurrency market.
Chicago Mercantile Exchange, CME – the world leader in terms of trade volume

In 2018, the following paradox became obvious: even if over the longer term cryptocurrencies are dangerous for the modern political system (tied up in the central banks and the currency exchange regulation), the countries that will be the first to prohibit them will be most affected along with those countries that will simply overdo stirring up negative attitude. Those countries that will settle on legalization will benefit. The drain of brains and capitals will be directed to these countries from the more repressive or unpredictable countries. A typical example of that - Crypto Project GRAM of the Russian businessman Pavel Durov, whose ICO in 2018 reached a record amount, but it was carried out in USA, and not in the legislatively uncertain Russian Federation.

The experience of the countries that have legalized the cryptocurrencies, proved successful both from the financial standpoint, and from the perspective of the international prestige. They proved themselves to be open to the progress and new freedoms. In addition to Japan, Switzerland is especially noteworthy here, because it legalized cryptocurrencies as early as in 2016, but the most brilliantly announced about itself in 2018, when its banks began to introduce cryptocurrency services one after another. Among the innovator banks there was even a Swiss subsidiary of the Russian Savings Bank (Sberbank). The very expression “Swiss bank” became a synonym of not only high reliability, but also innovation.

A milestone event of 2018 was legalization of cryptocurrencies in Germany – the leading economy of the European Union. Rather liberal measures relative to the cryptocurrencies are being applied today in Czechia, Sweden, Canada, Denmark, Australia, Estonia, Norway, Finland, and a number of other countries.

“Legalization parade” has shown: the politicians with repressive attitudes cannot count on the global ban of the cryptocurrencies (which seemed theoretically possible in 2016-2017). Economically developed countries made an obvious choice: “if you cannot stop the process – become its leader”. And precisely in these countries the maximum capitals are being circulated, and the market situation depends precisely on their business activity.

Explosive Growth of the Retail Use of Cryptocurrencies

Despite obvious popularization of cryptocurrencies, there is still a myth that they are purely investment and speculative instrument, which, even if used as a payment method – only in the dark net, and as a means of payment for illegal commodities. But this is not the case today. As far back as 2013-2015, legal services accepting bitcoin emerged, and in 2016-2018 their market has undergone explosive growth.

The pioneers of the cryptocurrency market of goods and services in 2013, were, for example, Virgin Galactic – space tourism company, Victoria’s Secret lingerie company, Shopify - a supplier of software for the online stores. In 2014, the cryptocurrency was adopted by the Overstock online store, Expedia tourism service, Zynga – operator of the online games, the software monster Microsoft and many others. Some of these companies considerably went up due to the innovations: for example, the shares of Shopify and Overstock have increased in price several-fold since then.

As of today, the cryptocurrency is accepted by hundreds of large companies and thousands of small ones, while the range of their products is approaching the one in a traditional economy. The most popular categories of the goods for the cryptocurrency in the large famous companies are tourism and air tickets (Expedia), software and games (Microsoft, Shopify, Zynga, Steam), clothing and other consumer goods (Victoria’s Secret, Overstock.com, Rakuten), as well as food products (Subway, KFC, Burger King – in Russia). As an example, Playboy erotic products, premium accounts of the 4chan.org and reddit.com forums, Bloomberg.com business news, automobiles in the Czech show room Alza and many other goods can be also purchased for cryptocurrency.

A number of well-known companies, although they prefer traditional payments, nevertheless allow crypto payments through the intermediary services, such as gyft.com (trading with the card Gyft for BTC). For example, Ebay online store, Wallmart supermarket chain, Starbucks restaurants, Uber taxi service, etc. The turnover of gyft.com is evaluated in the amount of 25 million dollars with only 38 employees.
Small start-up companies often use ready-made multicurrency gateways such as coinpayments.net. It supports dozens of currencies, and hosts about 400 companies. In addition to mainstream, it contains a lot of specialized commodities. For example, crypto-armory.com sells cartridges, francvila.com – Swiss watches, directvoltage.com - 3D-printers, electric motors, CNC machines, etc. Some new stores not only accept cryptocurrencies, but also purposely give up fiat currency. For example, crypto-armory.com, explaining their refusal from fiat currency, state both ideological, and narrow pragmatic reasons. In the opinion of the owners of the store, it is easier to accept cryptocurrency payments both technically and legally.

Cartridges from the cryptocurrency store crypto-armory.com
An important trend of 2017-2018, in addition to the general growth of the commodity market - re-orientation of the stores to the multi-currency payments. Whereas previously most of them accepted only BTC, now a sign of good manners is to accept also LTC, ETH, XMR and at least several more currencies.

Thus, while the politicians were solving the problem in the manner “not possible to allow - disallow”, a vast market of commodities for cryptocurrency spontaneously emerged on the Internet. Some of its participants have multibillion capitalizations. This market is very international. The majority of commodities and services can be bought even from Russia and other countries, where cryptocurrency is not legal as an internal payment instrument, but is not prohibited as such. Today, it is hard to imagine a consumer good, which cannot be bought for cryptocurrency.

The Latest Trend – Support of Cryptocurrencies by Smartphones

The first smartphone with a cryptocurrency wallet was HYPERLINK "https://bitcryptonews.ru/blogs/sravnenie-blokchejn-smartfonov-exodus-1-i-finney"HTC Exodus 1, released in the autumn of 2018. Then, a crypto smartphone HYPERLINK emerged "https://bitcryptonews.ru/blogs/obzor-kriptosmartfona-finney"Finney. And in March of 2019, the baton was unexpectedly picked up by the smartphone from the major South Korean company, Samsung - Galaxy S10. And although Samsung refrained from the direct embedding of the cryptocurrency wallet into the standard supply set, a brand wallet of Samsung can be installed from the Galaxy Store.

https://preview.redd.it/p8zc6dat0ay21.jpg?width=1280&format=pjpg&auto=webp&s=d7f173f7470107c2f4cc5868ed882089499b2a09
Galaxy S10 – the first smartphone from Samsung with cryptocurrency support
On the part of crypto enthusiasts, there are a number of claims to Samsung initiative, among which – the lack of bitcoin support (BTC). At the moment, Samsung Blockchain Wallet supports only Ethereum (ETH) and ERC-20 standard currencies and tokens created on its basis:
Basic Attention Token (BAT), Chainlink (LINK), BinanceCoin (BNB), True USD (TUSD), USD Coin (USDC), Paxos Standard (PAX) and others.

Anyway, from a political and PR perspective, the emergence of Galaxy S10 is a great event.

First of all, smartphone can attract to the cryptocurrency market new people who have greater confidence in the famous brand, than in the traditional bulky cryptocurrency wallets. Now, many people are frightened away from the cryptocurrencies only by technical difficulties, whereas smartphones on many occasions have proved their ability to promote to the masses those things, which previously seemed to be very complex.

Secondly, this step of Samsung is a clear signal both to the domestic and foreign governments: big business is on the side of the new technologies. South Korea has a reputation of a country not very friendly to cryptocurrencies, however, its business giant publicly demonstrated another attitude.

Thirdly, the initiative of Samsung with a high degree of probability will be emulated by other leading producers of communication devices. Thus, shortly after the release of Galaxy S10, there appeared a news that a cryptocurrency wallet will soon be available in iOS Opera Touch, which means that cryptocurrencies can be also stored in iPhone of Apple.

All this creates excellent prerequisites both for the world legalization of the cryptocurrencies, and for the growth of the market due to the increase of the number of users.

Conclusion

Thus, despite the “roller coaster” of the cryptocurrency exchange rates, some fundamental processes have developed steadily in the same direction in the recent years: expansion of the commodity market for cryptocurrency, increase in the number of countries with a liberal attitude to cryptocurrencies, adoption of cryptocurrencies as a strategic technology by more and more industrial giants. The total number of individuals who tried to work with the cryptocurrencies grows steadily, while the new technological trends (in particular, crypto smartphones), can additionally accelerate this growth.

The only thing that can seriously damage a cryptocurrency market is its global ban, but it seems to be unlikely. Right now there are about 40 million bitcoin wallets on earth. It is believed that on average their number is doubled annually, which means that within 5 years it can reach a billion. And if now a global ban on cryptocurrencies is unrealistic due to their profitability for the developed countries, by that time their prohibition will become impossible almost physically.

In the first part of the story we had put forward the arguments as to why the investors need not fear the bubble of 2017-2018: in the end, the bubble showed not so much the riskiness of the crypto investments, but rather their long-term prospects. Today we described political and economic events, which have occurred in parallel “behind the scenes”, and in which there were no “drops” – only progressive development toward the construction of the crypto economy. And in the next, third part, we will try to describe in detail specific financial reasons of the collapse and recovery of the market in 2018-2019.

Analytical department, Trident company, Victor Argonov, Candidate of Physical and Mathematical Sciences.
Source:http://trident-germes.com/
https://www.facebook.com/Germes.mining.robot/
submitted by TridentGermes to ENG [link] [comments]

Cryptocurrency: Is It Still Alive or Dying? Part 2.

Cryptocurrency: Is It Still Alive or Dying? Part 2.
Part 2. Political and Economic Trends in Favor of the Cryptocurrency Market Development

In the first part of the story we showed that the cryptocurrency market crash in 2018 and the beginning of its recovery in 2019 fit well into the general patterns of the financial bubbles’ development, and also repeat pretty well the Bitcoin dynamics of 2014-2016. But besides the analogies with other bubbles, there are a lot of other arguments in favor of the global growth of the market, among which are the political and economic trends of the recent years.

Relaxation of the Political Climate around the Cryptoassets

The entire year of 2017 has witnessed heated discussions as to the legal status of the digital assets. One of the central events of the year was their legalization in Japan in April. Precisely this legalization, according to many, spurred a dramatic growth of the cryptocurrency market in May (especially, altcoins). But the majority of other countries during this period held more skeptical positions.

The U.S. government on several occasions refused to register bitcoin-ETF - exchange-traded funds, the price of shares in which would repeat the price of BTC. The U.S. government also extremely tightened the conditions of the ICO procedure, while some countries, such as China and South Korea - have banned it completely. Certain countries, such as Indonesia and Salvador, have banned cryptocurrencies to the extent of criminal responsibility.

A number of countries, including Russia, have adopted a cautious wait-and-see attitude, regularly promising to impose restrictions of varying severity, but not hurrying to sign it into law.

A turning point on the way to the global recognition of the cryptocurrency was the beginning of trading the Bitcoin futures at the Chicago exchanges (CME) (the world’s largest stock exchange in terms of turnover) and CBOE in December of 2017. That is when the American government admitted openly that cryptocurrencies are now to be reckoned with. With the beginning of this trade, the powerful financial circles of the USA, whose opinion cannot be ignored by the political leadership, became interested in the development of the cryptocurrency market.

Chicago Mercantile Exchange, CME – the world leader in terms of trade volume

In 2018, the following paradox became obvious: even if over the longer term cryptocurrencies are dangerous for the modern political system (tied up in the central banks and the currency exchange regulation), the countries that will be the first to prohibit them will be most affected along with those countries that will simply overdo stirring up negative attitude. Those countries that will settle on legalization will benefit. The drain of brains and capitals will be directed to these countries from the more repressive or unpredictable countries. A typical example of that - Crypto Project GRAM of the Russian businessman Pavel Durov, whose ICO in 2018 reached a record amount, but it was carried out in USA, and not in the legislatively uncertain Russian Federation.

The experience of the countries that have legalized the cryptocurrencies, proved successful both from the financial standpoint, and from the perspective of the international prestige. They proved themselves to be open to the progress and new freedoms. In addition to Japan, Switzerland is especially noteworthy here, because it legalized cryptocurrencies as early as in 2016, but the most brilliantly announced about itself in 2018, when its banks began to introduce cryptocurrency services one after another. Among the innovator banks there was even a Swiss subsidiary of the Russian Savings Bank (Sberbank). The very expression “Swiss bank” became a synonym of not only high reliability, but also innovation.
A milestone event of 2018 was legalization of cryptocurrencies in Germany – the leading economy of the European Union. Rather liberal measures relative to the cryptocurrencies are being applied today in Czechia, Sweden, Canada, Denmark, Australia, Estonia, Norway, Finland, and a number of other countries.

“Legalization parade” has shown: the politicians with repressive attitudes cannot count on the global ban of the cryptocurrencies (which seemed theoretically possible in 2016-2017). Economically developed countries made an obvious choice: “if you cannot stop the process – become its leader”. And precisely in these countries the maximum capitals are being circulated, and the market situation depends precisely on their business activity.

Explosive Growth of the Retail Use of Cryptocurrencies
Despite obvious popularization of cryptocurrencies, there is still a myth that they are purely investment and speculative instrument, which, even if used as a payment method – only in the dark net, and as a means of payment for illegal commodities. But this is not the case today. As far back as 2013-2015, legal services accepting bitcoin emerged, and in 2016-2018 their market has undergone explosive growth.

The pioneers of the cryptocurrency market of goods and services in 2013, were, for example, Virgin Galactic – space tourism company, Victoria’s Secret lingerie company, Shopify - a supplier of software for the online stores. In 2014, the cryptocurrency was adopted by the Overstock online store, Expedia tourism service, Zynga – operator of the online games, the software monster Microsoft and many others. Some of these companies considerably went up due to the innovations: for example, the shares of Shopify and Overstock have increased in price several-fold since then.

As of today, the cryptocurrency is accepted by hundreds of large companies and thousands of small ones, while the range of their products is approaching the one in a traditional economy. The most popular categories of the goods for the cryptocurrency in the large famous companies are tourism and air tickets (Expedia), software and games (Microsoft, Shopify, Zynga, Steam), clothing and other consumer goods (Victoria’s Secret, Overstock.com, Rakuten), as well as food products (Subway, KFC, Burger King – in Russia). As an example, Playboy erotic products, premium accounts of the 4chan.org and reddit.com forums, Bloomberg.com business news, automobiles in the Czech show room Alza and many other goods can be also purchased for cryptocurrency.

A number of well-known companies, although they prefer traditional payments, nevertheless allow crypto payments through the intermediary services, such as gyft.com (trading with the card Gyft for BTC). For example, Ebay online store, Wallmart supermarket chain, Starbucks restaurants, Uber taxi service, etc. The turnover of gyft.com is evaluated in the amount of 25 million dollars with only 38 employees.
Small start-up companies often use ready-made multicurrency gateways such as coinpayments.net. It supports dozens of currencies, and hosts about 400 companies. In addition to mainstream, it contains a lot of specialized commodities. For example, crypto-armory.com sells cartridges, francvila.com – Swiss watches, directvoltage.com - 3D-printers, electric motors, CNC machines, etc. Some new stores not only accept cryptocurrencies, but also purposely give up fiat currency. For example, crypto-armory.com, explaining their refusal from fiat currency, state both ideological, and narrow pragmatic reasons. In the opinion of the owners of the store, it is easier to accept cryptocurrency payments both technically and legally.

Cartridges from the cryptocurrency store crypto-armory.com
An important trend of 2017-2018, in addition to the general growth of the commodity market - re-orientation of the stores to the multi-currency payments. Whereas previously most of them accepted only BTC, now a sign of good manners is to accept also LTC, ETH, XMR and at least several more currencies.

Thus, while the politicians were solving the problem in the manner “not possible to allow - disallow”, a vast market of commodities for cryptocurrency spontaneously emerged on the Internet. Some of its participants have multibillion capitalizations. This market is very international. The majority of commodities and services can be bought even from Russia and other countries, where cryptocurrency is not legal as an internal payment instrument, but is not prohibited as such. Today, it is hard to imagine a consumer good, which cannot be bought for cryptocurrency.

The Latest Trend – Support of Cryptocurrencies by Smartphones

The first smartphone with a cryptocurrency wallet was HYPERLINK "https://bitcryptonews.ru/blogs/sravnenie-blokchejn-smartfonov-exodus-1-i-finney"HTC Exodus 1, released in the autumn of 2018. Then, a crypto smartphone HYPERLINK emerged "https://bitcryptonews.ru/blogs/obzor-kriptosmartfona-finney"Finney. And in March of 2019, the baton was unexpectedly picked up by the smartphone from the major South Korean company, Samsung - Galaxy S10. And although Samsung refrained from the direct embedding of the cryptocurrency wallet into the standard supply set, a brand wallet of Samsung can be installed from the Galaxy Store.

Galaxy S10 – the first smartphone from Samsung with cryptocurrency support

On the part of crypto enthusiasts, there are a number of claims to Samsung initiative, among which – the lack of bitcoin support (BTC). At the moment, Samsung Blockchain Wallet supports only Ethereum (ETH) and ERC-20 standard currencies and tokens created on its basis:
Basic Attention Token (BAT), Chainlink (LINK), BinanceCoin (BNB), True USD (TUSD), USD Coin (USDC), Paxos Standard (PAX) and others.

Anyway, from a political and PR perspective, the emergence of Galaxy S10 is a great event.

First of all, smartphone can attract to the cryptocurrency market new people who have greater confidence in the famous brand, than in the traditional bulky cryptocurrency wallets. Now, many people are frightened away from the cryptocurrencies only by technical difficulties, whereas smartphones on many occasions have proved their ability to promote to the masses those things, which previously seemed to be very complex.
Secondly, this step of Samsung is a clear signal both to the domestic and foreign governments: big business is on the side of the new technologies. South Korea has a reputation of a country not very friendly to cryptocurrencies, however, its business giant publicly demonstrated another attitude.
Thirdly, the initiative of Samsung with a high degree of probability will be emulated by other leading producers of communication devices. Thus, shortly after the release of Galaxy S10, there appeared a news that a cryptocurrency wallet will soon be available in iOS Opera Touch, which means that cryptocurrencies can be also stored in iPhone of Apple.
All this creates excellent prerequisites both for the world legalization of the cryptocurrencies, and for the growth of the market due to the increase of the number of users.

Conclusion
Thus, despite the “roller coaster” of the cryptocurrency exchange rates, some fundamental processes have developed steadily in the same direction in the recent years: expansion of the commodity market for cryptocurrency, increase in the number of countries with a liberal attitude to cryptocurrencies, adoption of cryptocurrencies as a strategic technology by more and more industrial giants. The total number of individuals who tried to work with the cryptocurrencies grows steadily, while the new technological trends (in particular, crypto smartphones), can additionally accelerate this growth.

The only thing that can seriously damage a cryptocurrency market is its global ban, but it seems to be unlikely. Right now there are about 40 million bitcoin wallets on earth. It is believed that on average their number is doubled annually, which means that within 5 years it can reach a billion. And if now a global ban on cryptocurrencies is unrealistic due to their profitability for the developed countries, by that time their prohibition will become impossible almost physically.

In the first part of the story we had put forward the arguments as to why the investors need not fear the bubble of 2017-2018: in the end, the bubble showed not so much the riskiness of the crypto investments, but rather their long-term prospects. Today we described political and economic events, which have occurred in parallel “behind the scenes”, and in which there were no “drops” – only progressive development toward the construction of the crypto economy. And in the next, third part, we will try to describe in detail specific financial reasons of the collapse and recovery of the market in 2018-2019.

Analytical department, Trident company, Victor Argonov, Candidate of Physical and Mathematical Sciences.
Source:http://trident-germes.com/
https://www.facebook.com/Germes.mining.robot/
submitted by TridentGermes to u/TridentGermes [link] [comments]

Just used Gyft. This how it went...

I added the app to my iphone. I had bitcoin (very small amount...late adopter) but no cash. Wanted to get some cigarettes and alcohol,classy I know. Bought a CVS giftcard via Gyft. Went into the store (Long's in Hawaii, CVS owned). Lines were long because of the holidays. Get to the front and ask if they take CVS giftcards, the cashier says, "yes". Order some cigarettes and I bust out my phone and the girl scans it twice with no luck. Have that awful feeling like I'm a horrible person for holding up the line...But I ask her to type it in just in case...but she scans it one more time instead. Bam I'm in business, the card works!!!. I then proceed to go back into the shop then buy more stuff with the remaining balance...and the cashier is like whoa that's cool, never having seen someone pay with a phone ,along with everyone in line. Main point?? Beats waiting a week for coinbase to debit my shit so I can buy some shit with my money.
submitted by uberaleeky to Bitcoin [link] [comments]

A personal use case for btc

I would like if the community would share more stories about unexpected and exciting bitcoin use cases in daily activities.
Here's mine: Yeah so I snorkel a lot. In my Texas town thousands of people drunkedly float down the river on inner tubes. I collect old water damaged iphones (5 found this summer) they've dropped and sell them on Glyde. Glyde pays out in btc. I then buy Gyft cards and purchase diving gear from Amazon to help find more btc for saving/hodling and spending. It's like finding video game coins to trade in for more ingame items. I feel like Link. I am amazed at how btc is already exactly where I want to be, even on the river bottom.
Tl;dr: cool story, bro
submitted by toss2014 to Bitcoin [link] [comments]

Bitcoin Is Inferior to Apple Pay

Text extract from TBI's Daily Bit http://two-bit-idiot.tumblr.com/post/97100768474/bitcoin-is-inferior-to-apple-pay
Last week I wrote about the big Apple payments reveal and how I believed it was a net negative for Bitcoin. I’ll double down on that argument today in the wake of the introduction of the iPhone 6, Apple Pay and Apple Watch (which I’m more excited about than the iPad, although I’m sure the first version will suck), and I’ll explain why mobile commerce and point-of-sale retail will probably be crappy areas for bitcoin companies to invest in going forward — especially if they operate in a developed economy.
But first, the good news…
Apple is going to have a monumental impact in converting people from their leather wallets to mobile ones. That will be true for both mobile purchases and PoS commerce. Tens if not hundreds of millions of global consumers are probably going to use the iPhone’s new mobile wallet in the future and thousands of large merchants will invest in the mobile and physical infrastructure to capture that new business.
So thank you Apple for helping mobile wallets “tip” to the mainstream. That’s good for your company, good for your users, and maybe even good for bitcoin, the currency, which could easily become another Apple Pay payment method in the future.
It’s not so good for bitcoin as a payment rail, though.
In fact, I had to scratch my head a bit at the derision so many bitcoiners directed towards Apple in the wake of the formal announcement today. At first glance, Apple’s new bet on “tokenization” systems from leading payment technology companies like FirstData, TSYS and Visa appears to solve many of the same security issues as bitcoin. Apple added a “secure element” chip to its new phone, which encrypts card credentials and spits that information out to merchants via near-field communication in the form of new randomly generated account numbers - kind of like bitcoin’s public keys. Apple never touches the information (although I’m sure the NSA will make them create a backdoor), so the transaction information settles between the merchant and the user’s bank as it normally would - with a drastically reduced risk for fraud or theft.
Anonymous? No. Secure and convenient? Yes.
How quick we are to forget that killer apps in payments are about speed, convenience and security, not anonymity per se. Most of us (myself included) won’t care that our banks can still track our spending habits. I just don’t want Target losing my card info, and I want my breakfast burrito 30 seconds faster at the McDonald’s drive thru.
Apple Pay is going to allow a) instant transactions with b) better security at c) cheaper costs to merchants (my bet), and you’re telling me that bitcoin still has a shot at being a better B2C payment rail anytime soon? I’m not buying it.
All this said, there are some pretty big caveats here.
I still believe there are many other applications for which bitcoin is superior - particularly in the developing world and for the underbanked. There is also a massive B2B opportunity to build applications which facilitate cross-border transactions that require currency conversions. Even though remittance applications might still be some time away from regulatory or legal viability, bitcoin is still a pretty sweet peer-to-peer, informal settlement method as well. In a world with Apple Pay, it would be nice to see the major bitcoin wallets and payment processors focus on these applications in addition to the niche B2C mobile experiences that bitcoin is uniquely qualified to handle - micro-transactions, m-of-n transactions, etc.
I just don’t see Bitcoin payment technology taking off otherwise as a non-gimmicky B2C payments solution. I got a pretty big kick out of Xapo’s Wences Casares and his quote from his recent interview with The Verge where he called B2C bitcoin commerce a “side show for idiots.” I hope that sentiment becomes more mainstream. It’s healthy because it’s true.
I, for one, plan to use Apple Pay — not bitcoin — for next year’s Uber rides. Apple has simply done it better.*
Again.
*I think.
There’s an obvious part two to this post, which is also a good follow-up from my post yesterday. It has to do with bitcoin’s health as an investment. I’ll work on it tonight and shoot to post Thursday. Tomorrow I’m going to talk about our friends at NYDFS.
Speaking of bitcoin companies and Apple, I’m interested to see how / whether Gyft gets integrated into Apple Pay given First Data’s recent acquisition. I have no idea. Haven’t given it much thought, but seems like there could be interesting possibilities.
Final thought on bitcoin for B2C commerce. It’s going to take a while to actually gobble up the raw merchant data, but I think Overstock presents an early and telling case study about the over-optimism of bitcoin as a sustainable source of commerce. Remember when Patrick Byrne said that he expected bitcoin to drive $15-20 million in year one sales for Overstock back in the first quarter? He did scope shift earlier this summer by highlighting that bitcoin would add $0.04 to earnings, while quietly updating his bitcoin sales forecast to “as much as $8 million.” That’s a 50% reduction at least and it reflects anecdotally what we already know to be true: merchants get a bitcoin marketing bump initially, but it might not be a sustainably attractive payment method.
Final, final thought. I’m still a bitcoin mega-bull, but I’m also a realist.
Text extract from TBI's Daily Bit *Entrepreneur, former VC & Bitcoin's "most insightful journalist" according to the lucite on my desk... Mt. Gox slayer and BTC Foundation irritant... Other than that, I stay away from scandals.# http://two-bit-idiot.tumblr.com/post/97100768474/bitcoin-is-inferior-to-apple-pay
submitted by brasilbitcoin to BitcoinMarkets [link] [comments]

Just paid a $600 transaction fee and other highlights from our year using Bitcoin.

Hi Bitcoin!
About 1 year ago we posted here about adding Bitcoin as a payment method for donations to our 501c3 called Run 2 Rescue. Here are some highlights from this year:
INCOMING:
OUTGOING:
OTHER:
While we did hit some bumps paying with Bitcoin, having a public transaction that we can point a vendor to was very empowering. Obviously, we had zero problems receiving ANY Bitcoin donations. So now we really wish all our donors used bitcoin and all our vendors used bitcoins so that we wouldn't have to get wrapped up in banking red tape.
Merry Christmas Bitcoiners!
edit: formattting
submitted by Run2Rescue to Bitcoin [link] [comments]

Burger King Wouldn't Accept BK Gift Card on my Gyft App!

As a means of demonstrating to a friend the process of using bitcoin to buy gift cards on my iOS Gyft app, I bought a $10 Burger King gift card a few days ago. Yesterday, I went into BK and when she gave me the total, I pulled out my iphone and showed her the gift card with the number and everything. The cashier didn't know what the hell to do, so she called her manager over, and she was just as clueless. They couldn't/wouldn't take it, so I paid cash.
submitted by BKAtty99217 to Bitcoin [link] [comments]

Pheeva extends it lead as best bitcoin wallet for iphone/iOS

Many bitcoin users seem to be unaware that there is a elegant, fast, secure, and feature-filled wallet available for the iphone / iOS called Pheeva. The app is everything you would expect visually for a polished iphone app and the wallet has previously included leading mobile wallet features such as integration with onename.io for addressing.
Today Pheeva released a new version of the app called Pheeva Plus that is now fully integrated with Gyft. You can now seamlessly purchase Gyft cards on your iphone using bitcoin with Pheeva (something that you can't do on the Gyft app for iOS).
Pheeva does not require a jailbreak of your iPhone. Instead, it uses an exception to the app store policy that allows non profits to distribute apps to its members. Therefore to download Pheeva, you need to go through a quick registration with the CoG coop at http://cogcoop.com. After that, it is a normal install.
Some on this reddit have complained that Pheeva isn't open source and the use of the app does require that you trust its developer Lamar Wilson. All I can say is that Lamar is not asking you to store your life savings on Pheeva. He has done us a favor by making it available for free as a hot wallet for everyday purchases. I have used it for several months and have complete confidence in it and CoG. Its development is a great example of some talented person in the bitcoin community solving a problem that many of us face (Apple's antagonism to bitcoin). If you are paranoid, buy an android. If you like the iPhone, you have a great option in Pheeva that got even better today. Looks like more to come.
Full disclosure: I am simply a satisfied user and have no relationship to Pheeva or CoG. I have never met Lamar Wilson but he has made his full contact details available on this reddit if you want to reach out to him
submitted by latetot to Bitcoin [link] [comments]

Overstock.com not accepting bitcoin through their mobile site at this point...

Tried ordering a sonicare toothbrush through overstock.com on my iPhone but there was no option to pay with bitcoin. Talked to customer support through the chat interface and they had no information whether or not it would be implemented in the mobile site in the future. Guess I'll be buying a Gyft card and heading to amazon this time around.
submitted by ChristCage to Bitcoin [link] [comments]

Gyft is the Bitcoin consumer's only good app.

On Friday, Barry Silbert tweeted his "wish list" of the top five companies he hoped would soon accept bitcoin, and asked his followers which merchants were in their top five. Some of the most popular responses were Amazon, Target, Whole Foods, and Zappos, which ironically are all companies that work with Gyft, the mobile gift card company that is probably the industry's most crucial and useful consumer bitcoin app.
One of bitcoin's biggest challenges is its lack of clear consumer use cases today. Unless you are a crypto-anarchist who is willfully "opting out" of the traditional banking / credit system, a privacy nut, a black market consumer, a bitcoin paper millionaire who spends bitcoin as a diversification strategy, or a prolific micro-tipper, you are better off using a debit or credit card for your day to day commerce. Said another way, bitcoin simply doesn't make sense for 99% of consumers.
I saw this first hand last week when I paid for dinner at a bitcoin-friendly sushi restaurant in my neighborhood. I transferred the $72.88 due through the merchant's BitPay account with bitcoin from a Coinbase wallet that appeared to be worth $73.24. Sure, that $0.36 "surcharge" might only be a half percent, but when you add it to the 1% cash back I was foregoing (2-3% for some credit cards that have better restaurant rewards), the merchant's bitcoin savings were simply additional costs incurred by me. I was spending bitcoin that had appreciated 30% in the past week and it annoyed me; how would consumers interested in a more stable bitcoin feel about that hidden fee?
Of course, I was at one of the few restaurants in my city that accepts bitcoin period. Forbes' Kashmir Hill demonstrated (for the second year in a row) how difficult it still is for any bitcoin enthusiast to live life without cash or credit cards. Hill's week using nothing but bitcoin in San Francisco showcased how there are not yet any reliable transportation vendors, point of sale systems or ATMs to make life on bitcoin truly viable. Instead, she spent much of her first post praising the existence of Gyft and its role as the bitcoin consumer's bridge to the non-speculative investment (aka "real") world where bitcoin can be used.
(http://www.forbes.com/sites/kashmirhill/2014/05/06/living-on-bitcoin-a-year-later-will-it-be-easie)
Gyft has, in fact, solved many of the early consumer use case problems for bitcoin. For starters, the company's mobile app has not been banned by Apple, making it usable for the millions of iOS faithful who might not exchange their iPhone simply to dabble with a new payment technology. Gyft also offers a 3% credit on bitcoin purchases, passing the cost savings back to the consumer and ensuring that I'll never see a surcharge for using bitcoin through Gyft as I will at my sushi restaurant. Finally, Hill outlined the life-saving utility of Gyft during her week-long experiment - gift cards to CVS, ride-sharing service Lyft, Fandango, etc. - that stems from its partnerships with over 200 retailers.
Hill said it best: "Gyft is a very easy way to convert Bitcoin into usable money — without ever actually turning it into cash and paying the 1% fee charged by exchangers like Coinbase and Bitpay. Gyft absorbs that conversion fee for consumers, and at a lower rate due to its volume."
Are there any other consumer applications that even come close to encouraging greater consumer adoption of bitcoin?
submitted by twobitidiot to Bitcoin [link] [comments]

An easy way to import private keys on the iPhone would really help with adoption (more importantly, adoption of spenders), and here's why:

I have found the best way to show someone how easy it is to spend bitcoin is as follows. Take out a paper wallet (of which I always am carrying a few around), pull out my phone, and send it a balance. They're impressed at how easy I funded it, and then have questions about how there is now value on that piece of paper. Next step is to show them how they would spend it. I show them how easy it is to spend at a few different sites, and explain how its used in person. Everyone seems to like how easy it is to buy a gyft gift card. They walk away with their new paper wallet, and an interest in bitcoin.
I left out one part though. The hang up is showing them how to get from their paper wallet, to the seemingly functional wallet I am demoing on my phone. If I could quickly show them an app to download, and a way to scan in the private key, it would go a long way.
Currently the only option is the blockchain.info app, but it is so buggy. The "scan private key" button is below the archived addresses, which means I have to explain "oh, there is a bug in this app, you have to first archive one of your addresses for the button you need to show up." Always turns people off. Next problem is the "from" field under the "new transaction tab." I have many addresses, but when using the arrows to scroll through, they don't all show up. Sometimes I have to go through the full loop of my addresses 5 times before the address I need will decide to show up in the app. When this happens as they sit there, its quite a turn off. Lastly, its hard to talk about small transaction fees when the transaction fee is fixed at .0005 btc on blockchain's iPhone app. Thats 37.5 cents right now! Very hard to show someone how to move $1 around with a 50% fee after telling them how low fees are. Worse yet, I've seen some reports that occasionally the app leaves off a transaction fee all together, just randomly, and then important transactions sit in limbo. Lastly, the less registration needed for this low-value demonstration the better. I.e. if an exchange had an app with private-key import functionality, that obviously wouldn't help a quick street demo on their phone.
tl;dr if I could quickly show someone how to import a private key on their iPhone, it would remove the rate limiting step in getting new people excited about spending bitcoin.
submitted by ItsMillerIndexTime to Bitcoin [link] [comments]

My incompetence as a little story

I discovered bitcoins back in April during a crazy (at the time) surge. I got right to mining because why the hell not? Get paid to let my computer sit around and think, yes please.
I made a wallet with the full BlockChain desktop program. It took days to authenticate or do something, I still don't really know what it did. I also found slush's pool and started getting my first shares. Everything was cool and I was loving the ideas that came with bitcoin. Single international currency, anonymity, infinitely divisible, instant payments, and best of all (for me at least) no physical medium. Shit is the future, but I didn't know how to put that wallet on an iPhone, I was stupid, still am.
So I made a new wallet somewhere else that had a step by step for getting set up with the BlockChain iPhone app. I put the wallet.json thing on an external HDD because I'm not dumb. I'm not going to loose my valuable bitcoins just as I'm getting going. Also I was reading that it was good to have multiple wallets in case something happens to your computer, or whatever else you have it saved on. I put it away and didn't really think anything of it until I was looking through my history on slush's pool.
holy shit I have a third of a coin on there :D I should fire up the hdd and merge the wallets and shop around on gyft. They are doing nothing just sitting there. I do just that and I'm just confused at what I see, well it looks like someone formatted the drive and just used it to mule a bunch of movies around.
We went to the beach the first week of August, I made sure we had a rainy day plan. I for whatever reason felt the need to format away a tiny file to make room for a couple of movies. Smart move past me. high five
I'm only writing this because I just finished ripping the apartment apart looking for anything I may have written down about it in the past hour, I saw the site that can possibly crack the wallet if you can give them most of the info. I didn't pick the key since that was arguably insecure. It's some ungodly random string of shit. So it's gone forever, no arguments here, it's part of the design and I understand that, now.
My current wallet though, I think I got it covered. The wallet.dat is saved in 3 physical locations and I have the paper wallets that represent them printed out in a firebox and at my parents house. My bitcoins aren't getting away this time! Still mining away, still watching them climb to the moon. Also waiting for some places around here to accept some so I can really take part in the badass future currency.
TL:DR iPhones are too hard for me therefore I threw a third of a bitcoin away so we would have some movies to watch just in case it rained.
submitted by Thilly to Bitcoin [link] [comments]

[HELP/SUGGESTION] Electronics Care Packages for Family - Bought with Bitcoin ($50-$100)

Alright Santa's Helpers, I come to you with a fun request. This year for Christmas I decided to make "Electronics Care Packages" for my family. I have seven people I am buying for (mom, dad, two sisters, brother, brother-in-law, future brother-in-law). My plan is to get everyone nice things to take care of their mobile devices. Here's where you guys come in. I want high quality versions of these items that will last. My family has a tendency to break USB cables especially so those need to be very good at taking a beating. Any advice you can provide is much appreciated.
Oh, and the final thing, I am looking to buy everything using Bitcoin. Sites like amazon.com are acceptable as I can get giftcards for Amazon through services like Gyft.
Contents of Care Package
TL;DR Looking for HQ Micro USB cables, chargers, and a box to put everything above in, and to buy it all with Bitcoin. The rest of the list is suggestions for everyone else!
submitted by piroko05 to santashelpers [link] [comments]

Gyft - Best Mobile App for Gift Cards (0:15) Ditch the plastic with Gyft Gyft- App Review Make money with Bitcoin on the Deepweb How to buy Bitcoin Anonymously (2019-2020). Easy ways to ...

In our store, you can shop with Bitcoin. There are big discounts up to 15%! Shopping with Bitcoin is the new trend! Buy iphones, macbooks with Bitcoin! Bitcoin is a distributed, worldwide, decentralized digital money … Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts. log in sign up. User account menu. 26. Use GYFT WITH BITCOIN on iPhone by loading the cards in a VIRTUAL ANDROID DEVICE!!! Close. 26. Posted by. u/biznizza. 6 years ago. Archived. Use GYFT WITH BITCOIN on iPhone by loading the cards ... Use Gyft to also keep track of gift card balances and instantly send friends and family gift cards they’ll love. We love Bitcoin! In fact, we were one of the first places to accept Bitcoin. Places like NYTimes, Forbes and Techcrunch swear by us. Steps to pay with Bitcoin. Steps to pay with Bitcoin. Choose your desired gift card; Select Bitcoin as your preferred payment method; Send payment ... California-based Gyft, a digital gift card platform serving the US, announced it has partnered with BitPay to accept bitcoin payments from customers. Discover the easiest way to buy, send, upload, and redeem gift cards. Buy eGift cards to Amazon, eBay, Target, and hundreds more! Upload your plastic gift cards to the Gyft mobile app and redeem straight from your phone!

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Gyft - Best Mobile App for Gift Cards (0:15)

This is a promotion video for The Crew Shop on the Deep Web. Credit Cards, Gift Cards, Money Transfer Apple iPhones / Macbook, Hacking Service and more.. Credit Card with 2500$ balance for 250 ... Steve Jobs introduces iPhone in 2007 - Duration: 10:20. John Schroter Recommended for you. 10:20. ... Gyft Tutorial - How to Use Gyft App with Bitcoin - Duration: 2:11. MCKingJames 4,878 views. 2 ... GYFT Bitcoin for gift cards, spend bitcoin at major retailers Target CVS Dell - Duration: 2 ... How to Create a Target Gift Card for iPhone Passbook - Duration: 1:47. SiriSaysTV 13,972 views. 1:47 ... Gyft is the #1 app for all your gift card needs! Use it to buy gift cards as well as upload, check balances and redeem your existing plastic gift cards from your phone. Also, it's perfect for ... WHO CARRIES GIFT CARDS ANYMORE? Learn more about Gyft and how it's going to make your wallet and purse much lighter! Learn more about Gyft and how it's going to make your wallet and purse much ...

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