Normally an online exchange is like 0.2-1% fee and ATM like 3-10% fee - so yes, more expensive. You can get estimate on https://coinatmradar.com for many ATMs. AFAIK most require verification too.. frequently phone for small amounts and ID scanning for bigger amounts.

It all depends on the specific country/location/operator/ATM. IMO if they are nearby, you could at least have a look

If you want cash, you might get a better price with LocalBitcoins (although the idea of meeting up someone to exchange bitcoin for cash, could be a risk too.)

Atm fees are $$$

Thanks for sharing your thoughts about Augur/Gnosis, guys; always good to hear what the more knowledgeable people in this field have to say.

I'm looking forward to seeing how cases where the settlement is marked incorrectly by the REP holders will be dealt with since those situations are bound to come up from time to time.

One of my biggest concerns- imagine that it is +EV to buy up a majority of tokens in order to have a shot at settling a decision incorrectly (buy a ton of something at 0.1% and settle it at 100%); for this to be the case, there must be a ton of $$ at stake upon settlement. In order to prevent this manipulation from happening, REPs must have to be above a certain value to dis-incentivize people from executing that strategy. But since REP value is directly dependent on the 0.5% future fee cuts, if this one event is vastly larger in trade volume vs any future upcoming events, then there's a major problem that arises.

At first each market will be resolved by a random subset of reporters, say 10.

If it's decided wrong, or someone feels it was decided wrong, they can put up a bond and have it re-reported by all reporters.

If it's voted wrong again, REP (not ethereum) can fork, and the market can decide how to value the REP of reporters who reported X vs those who reported Y.

So essentially you would need to have greater than 50% of all reporting rep, and be willing to lose all its value, to report a market wrong during the appeal process to collect all the ether.

So let's imagine rep has a market cap of 10m and you have 51% of it, 5.1m worth. You have to have greater than 5.1m of value in a particular market to vote it wrongly on appeal and collect all the eth since your forked rep will become worthless.

careful using jaxx.

your original address, as in first address has to always have ether in it in order for you to pay for gas. So if you have a token, but 0 ethereum, you wont be able to transact until you re-fill your first address.

see this:
https://bitcointalk.org/index.php?to...64#msg15587364

As he describes, I dont think your method will work. Because the 2nd backstop as tinybike explains goes to all reporters.

So if you want to fix an outcome you have to basically be the first reporters. And even then, if you are randomly selected to fix your own market, you will get appealed against and should you lose that 2nd backstop, you lose all rep and the market. So I dont think you can fix a huge market with alot of volume.

Is there a way to see what your first address was?

Thanks for the great explanations, aggo and housenuts.

Hey all. I use a windows desktop to play poker on Ignition. Can I get some opinions on which bitcoin 'wallet' to use? There are just so many. What do you guys use and how do you like them? Thanks. I just want to use bitcoin so I can get money on and off much quicker than paper checks.

so what is the advantage of

A: adding money from bank account, converting it to bitcoin, sending it to mycelium then to bovada/5dimes

vs

B: adding money to coinbase via yr bank, converting it to bitcoin then sending it to bovada/5dimes

is it just an extra layer of security with option A and more convenience with option B? I'm almost never going to keep money in either place longer than a day or two

Tropics,

I'd say Jaxx.

Charlie,

Effectively both the same but coinbase may flag your account and have issues if they know you are sending to/from gambling sites.

good to know tnxs
ill stick with circle n mycelium then

when i send money from circle exchange to blockchain wallet it does not show my message i included with payment in blockchain transactions. how do i see it?

Ok let me try this again. Which companies are u guys using for wallets and exchanges. I know about circle but they want a phone number which I don't want to give out. I am a complete newbie on this one. Thanks

You're probably going to have to give out a lot of personal information for any reputable exchange. KYC and all

You can make a wallet on sites such as Blockchain.info without giving out any info about yourself. These wallets can only hold and transfer/receive to and from other BTC wallets ect. Funds cannot be exchanged here for fiat.

As far as exchanging BTC for fiat to your bank account you will need to give out information about yourself to these exchanges, i.e. Coinbase, Circle, ect. They have to follow federal regulations just like any US bank. And these regulations require that they know their customers.

Circle says it don't ask for personal info beyond name . I just don't like giving out my phone number

Where does it say they only collect your name?

Here is a screen shot from their website...



Very clearly states they collect much more than just your name and that additional info may be needed moving forward.

Here is another screen shot stating other info they may ask for up to and including your social security number...

I assume you have a bank account Jungmit. It's not much different than having a bank account at a US bank. Federal law requires these institutions to know their customers.

I do have a bank account but they don't have much Info. When I go in the ask to scan my drivers license and I always tell them no. They have no phone number of mine and only a post office box for mailing. I know circle told me if I don't have a phone that can get text messages I can't use them

There is always the p2p thread in the zoo if you don't want to give out your infos.

Not sure what you're so paranoid about. Good luck using Bitcoin and making trades for local currency without giving out any info about yourself whatsoever.

Why are you so paranoid about giving a phone number?

this. if you have poker $ there's lots of people in the transfer thread willing to trade btc for poker monies