Get ready for BitInstant's Bitcoin debit card

Introducing Locks by Coinapult. Gold, silver, USD, EUR, and GBP backed bitcoin wallets [AMA]

Coinapult fixes 'Bitcoin's Biggest Problem' Enables users to stabilize digital wallet value with Locks™
Panama City, Panama – Coinapult announced today the launch of its new Bitcoin wallet service featuring Locks,™ a tool which enables users to avoid Bitcoin volatility.
Coinapult's wallet offers the following Unique Features:
Coinapult's Wallet services are fully secured with cold storage facilities and enterprise-grade encryption. The new Locks™ system is available immediately for individuals and businesses. Visit https://coinapult.com to try it out.
About Coinapult Panama-based Coinapult makes Bitcoin easier to access for both consumers and businesses. Coinapult was the first service for sending bitcoin via SMS and email, and has been one of the longest-operating Bitcoin sites. With its new easy-to-use wallet and Locks™ technology, the company continues to pioneer unique tools that expand the functionality of Bitcoin for the benefit of the whole community. Coinapult strongly believes in the power of Bitcoin to empower consumers and establish a new era of financial inclusion.
Quote: CEO Ira Miller 'Bitcoin is the great equalizer, and Coinapult's Locks™ service finally enables the stability people expect. This makes Bitcoin usable by an entirely new group of people around the world'
Locks Explainer Video: http://youtu.be/AxriIkGaY60
Try it now (email address required): https://coinapult.com/signup
We will monitor this thread and happily answer any question about Coinapult or the Locks service.
submitted by Coinapult_btc to Bitcoin [link] [comments]

[uncensored-r/btc] How the Tether (USDT) distribution system works. Bitcoin/DASH, Coinapult, Cryptocapital, Bitifnex...

The following post by geekmonk is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ btc/comments/7ljmik
The original post's content was as follows:
Full article: https://medium.com/@untetheredbtc/how-the-tether-usdt-distribution-system-works-84a5c673bec0
The article is somehow badly written, so here is a short summary:
CryptoCapital - Panamanian Financial services company (launched by HAVELOCKINVESTMENTS) claiming to be a bank and licensed crypto exchange (the author has proof both are false).
HAVELOCKINVESTMENTS - Announced partnership between Coinapult and Cryptocapital
Coinapult and Cryptocapital are connected through Ira Miller (ex-CEO of Coinapult, also developed Cryptocapital's internal tech)
Where Tethers come into play: Coinapult offers a service known as LOCK where you lock the value in usd of your bitcoins in order to hedge against fluctuations. The Author has evidence and is sure that Coinapult, to "protect" the value in usd of the coins (bitcoins & dash) its LOCK feature users deposit, simply converts them into Tethers but claims instead that deposits are insured by CryptoCapital. The author also notes that Coinapult's Bitcoin price feed is taken from Bitfinex which proves they are converting them into tethers (also run by Bitfinex).
How/Why Tethers are printed: Coinapult offers its LOCK feature to Mycelium and a DASH wallet. People who deposit bitcoins/dash coins with Mycelium and decide to LOCK the value of their investments in USD trigger the issuance of fresh tether tokens (through Coinapult and Cryptocapital). Beware that these people think they are insured by Cryptocapital but all cryptocapital does to insure them is to convert their coins into "Tethers". This makes particular sense if you think that only a couple of weeks ago a bitfinex employee commented in a Tether thread saying "what if tethers are bought with other cryptos".
Coinapult also works with Safello, an exchange with a dozen thousand users, and with DASH wallet(s).
Important Note: The Author points out how Coinapult went from being b2c (business-to-consumer) to a b2b entity (business-to-business) since the release of its lock feature. This means that Coinapult only works with businesses. In other words it offers its service to Safello and Mycelium in bulk, it doesn't deal with users individually.
Roger Ver: The Author is suspicious that Roger knows about Coinapult & CryptoCapital (Roger is an investor in Coinapult), the Tether mechanism used to "LOCK" bitcoin/dash holdings, and converted his 40k BTC into BCH to get out of the loop. The Author thinks so because Kraken (an exchange where Ver was an early investor) did business in the past with the Cryptocapital and because Ver has a stake in Safello so must be aware of the LOCK feature integration. The Author also mentions Roger's "somewhat confused" reaction when asked about Tethers in his recent AMA. In other words, the Author says Roger knows more than he says and this is one of the reasons he got out of bitcoin.
Author's Conclusion: If in a market crash the millionaires using the LOCK feature of Coinapult head over Coinapult to claim the locked value of their investments, they are probably not going to back the initial value (because they have been converted into tethers and not all tethers are backed by usd) but can hope at most to get back the initial coins they deposited. Also this can happen only if the coins have been kept safely in Bitfinex's vaults (bitfinex issues Tethers to Coinapult/Cryptocapital)
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

MASSIVE MOVE COMING ARE YOU READY !? BITCOIN LITECOIN ETHEREUM & DOW price analysis, news, trading Legendary Investor Bill Miller Says BITCOIN Will Rise to $300,000 & Coinbase Plans Investor Day HERE WE GO!! BITCOIN IS MOMENTS AWAY FROM A GIANT MOVE - ALSO ANNOUNCEMENT WARNING: BITCOIN IS ABOUT TO HAVE A MASSIVE MOVE - HERE'S OUR TARGET (btc price today news market) Bitcoin IRA Explained with Chris Kline

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MASSIVE MOVE COMING ARE YOU READY !? BITCOIN LITECOIN ETHEREUM & DOW price analysis, news, trading

Bitcoin Technical Analysis & Bitcoin News Today: The Bitcoin price is going parabolic! Why is the BTC price going up? Is the Bitcoin price target $13k? Also,... Bill Miller, chairman and chief investment officer of Miller Value Partners which manages $3 billion in assets, said he sees Bitcoin rising to $300,000. He stated the following in an interview "I ... bitcoin is forming the largest bull flag in history but it doesn't mean what you think (price news) - duration: 33:43. Crypto Crew University 40,580 views 33:43 Not long ago I was pleasantly surprised when I saw the launch of Bitcoin IRA, a digital currency based retirement and tax advantaged account service in the US. ... they will probably gain value ... 🔥 Open a Crypto IRA and Trade Tax-Free! ... bitcoin price prediction, ltc, btc, litecoin news, bitcoin news, hyperwave, trading bitcoin, trading litecoin, litecoin technical analysis, bitcoin ...

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