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101  Economy / Economics / Re: Craig Wright sues a podcaster for saying Craight Wright is not Satoshi Nakamoto on: May 07, 2019, 05:37:42 PM
I think in a court of law even if he is satoshi nakomoto the fact is that he has not proved that in any way at all aside from saying he "is" satoshi nakomoto shows clearly that it can't be defamation of character in any way or sense.

I would like to go back to that defamation of character later on but first lets see it from point of view of the judge, there is one person who has claimed to be satoshi nakomoto and have not proved that he in fact is satoshi nakomoto and we have someone who said he is not, how could you say that is true or not, there is no proof which means even if he is satoshi it doesn't mean someone can't say he is not, telling someone he is not someone else can't be sued at all.

Moreover, coming back to defamation of character, telling someone they are not satoshi nakomoto is not that, "you are a liar and scammer and you steal money and kill people" or whatever could be but saying "you are not satoshi" is not.
102  Economy / Gambling / Re: Casino Faucet on: May 07, 2019, 06:53:18 AM
The reason why bitcoin faucet numbers dropped so much is that casinos are now offering other coins as well, back in the day I remember as much as 10 thousand satoshi for faucet on primedice where you could try to ten times it and then withdraw it, that is all it required, get 10 thousand satoshi and bet on odds that will make it 100k satoshi and withdraw, we did that like multiple times a day.

However nowadays even though bitcoin price is higher and the faucet got lower anyway, they have the right to lower it even to 1 satoshi because you can just opt for any other coin they offer like litecoin/ethereum even dogecoin and get much more in number (even if not in dollar value) and bet that way, allowing people to bet with those coins made it easier for them to drop the faucet since if you want to just "test" the website with faucet then just go with the altcoins.
103  Economy / Gambling discussion / Re: P2P gambling games on: May 07, 2019, 06:20:17 AM
There are a lot of similar ideas before and the result was always the same, yes people love p2p games but they hate centralized organization which means there needs to be a trust thing involved. It doesn't have to be decentralized but if it can be that would get a lot more attention, now the website has costs so even if its decentralized it needs to make profit which means it can go with a token type of route itself like eosbet did but it could find some other way as well depending on the advancement of technology allowing someone not controlling the website but recouping the profits of it.

It could however be someone very trusted like bustabit/stake or whatever that starts a p2p game and allow people to gamble there as well. There are a lot of p2p games out there but they are not loved as much as others because people do not trust the owners.
104  Economy / Gambling discussion / Re: Will you buy lottery online in bitcoin payment? on: May 06, 2019, 05:52:09 PM
Everyone feels the same way I think, it depends on the lottery and who makes it and what are the odds.

For example, if stake came up with lottery tomorrow and said that it will be basically pvp where every 24 hours (this time part could change) tickets will be sold and there will be draw and the winner will get 99% of all tickets sold in bitcoin and they will keep 1% for themselves, do you think people won't play it ? It will be one of the biggest lottery in the crypto world quite quickly.

However, if someone nobody heard of before does it we are of course worried that it may not be legit and we could be scammed. So, basically people are not against lottery, people are just not trusting anyone that easily in crypto because there have been too many scams before so we are cautious about where we put our money collectively.
105  Economy / Gambling / Re: LamboForBitcoin.com *Win A Lamborghini Huracan With The Ultimate BTC Draw* on: May 06, 2019, 08:31:53 AM
Dude claims he has sold 78% of all tickets available, if anyone ever believes that they must be really a moron. Nobody would buy from here and certainly not over 300 thousand dollars for sure. He is definitely moving that himself and tries to make it look like he is a legit deal and he is getting too much attention. That way he thinks he can make people assume he is legit and since this much ticket is sold he must be loved by others and so forth and try to basically manipulate the public court of thinking for him.

Fortunately for us and unfortunately for him that nobody is moronic enough to actually buy this marketing lie that he is trying to pull off and we know he is full of lies so none of us actually going to buy a ticket. Even if anyone was considering it, after this stunt of "78%" nobody will.
106  Economy / Speculation / Re: Chain Reaction? on: May 05, 2019, 05:55:02 PM
I think the prices already bottomed out but it doesn't mean the bull is already here. I think what we are seeing is either a bulltrap right now so that more people go long on bitcoin so the whales could trap them there and get cheaper short futures and make insane amount of money from the upcoming fall or it could be start of a bull the early days at least. We still don't know which one is the real fact but we know that it is either one or the other because price definitely went up as a fact.

We will know about it according to what the price will do, if it goes even higher than we can call it a bull but if it drops lower all of a sudden (even if not to 3000ish levels but to 4500) we can call it a bulltrap but no matter what happens the price will probably not see those 3200-3400 levels ever again.
107  Economy / Speculation / Re: Another uptrend has shaped up trying to break $5600 again on: May 05, 2019, 04:20:40 PM
I don't know what to say about this but bitcoin literally pushed for 6 thousand dollars, it went to as high as 5875 in some places and fall back down (some places even broke 6 thousand but temporarily) right now its around 5750ish or so in many places but I can't believe how quickly we have been testing new highs lately.

I have no reason why it would do that but I feel like people have sensed that if we push all together than the 6 thousand dollar mark is easy to achieve. We are going to have to wait and see what will happen soon but if we keep grinding higher like this for a while I am not doubting that we will break that 6 thousand barrier and move to 6.5 thousand dollars at which point everything changes. We go back to pre-November prices and test for another all time high after that.
108  Economy / Speculation / Re: Bitcoin's price break 5700 USD, is this uptrend or bulltrap? on: May 05, 2019, 03:49:01 PM
We really don't know which one is it do we. How can we really know which one we are in without actually it happening, price of bitcoin is something like that, you can't predict it before hand, you can only look back and make a comment on what it was after the fact. That is why when asked about what we are in right now it is futile because nobody even the most experienced person can know about it only after it really happened. If we are in either of those things a month from now we can look back and say we were in this or that.

Bitcoin seems to be doing alright though, even if this is a bull trap I welcome it because the price went up much more than what we assume it would and even if it goes down I doubt it will go down too much so I am happy with whatever has happened.
109  Alternate cryptocurrencies / Altcoin Discussion / Re: What is the future of the Altcoins that have less than 1(one) satoshi as value on: May 05, 2019, 03:13:10 PM
We already know loads of tokens that come to the market with their values way less than 1 satoshi as their market value most especially tokens that exist under the ethereum framework. am talking about tokens like Tourist Token (TOTO).
https://coinmarketcap.com/currencies/tourist-token/

What is their fate in the crypto space.?
Dead. No coin that has value under 1 satoshi will stay alive for too long, they used to have 1 satoshi as a benchmark that couldn't go any lower but with the addition of trading via tether and bnb and eth and so forth they had a new low but some of them even go to 1 satoshi (or whatever its called in that coins version) because if a coin already dropped below 1 satoshi than there is no way to save it whatever you calculate it with.

I feel like there could be some that got a bit revived thanks to pairing it with ethereum and what not but thats a short lived life and will definitely go back down to death once again. Even dogecoin and reddcoin type of "joke" coins worth well over 1 satoshi so I can't really think of any reason why any serious coin would have to be under 1 satoshi.
110  Alternate cryptocurrencies / Altcoin Discussion / Re: Hearing some buzz on new coin called Veil on: May 05, 2019, 06:09:06 AM
Hi im hearing a lot of buzz on this new coin veil,im thinking about investing in it after going over their roadmap and website. Any advice on if you think this is smart?
It is always good to include related links when you are asking doubts/suggestions. Now a days roadmap and strength and skill of dev team are not enough to assume about the future of a project. I have happened to see lots of well written and well concept based projects but its devs failed to keep their word or they have failed to build as per their plans. I mean do not rush to invest just based on few things.

You must follow for weeks to months before making the final decisions. Otherwise, risking a least amount would be a good idea. Anyway take your own time to do enough due diligence so that you may stay at safer side.
111  Alternate cryptocurrencies / Altcoin Discussion / Re: IS CRYPTO MINING WORTH ? on: May 04, 2019, 06:02:38 PM
I have been checking the same thing for a long time as well. I have been around crypto for over 6 years and I have seen the insane increase in bitcoin mining and how it became some industrial thing instead of a daily hobby thing for people. I wanted to wait out until the technology could reach to its potential first and than calculate what could be done. I am not saying mining can't improve more from now on, I am just saying the potential for higher was available at the time and it was obvious it would go up very quickly so I waited that.

Now that we are here I am checking and I can't really see too much in mining, you can still do it, the pools and machines and software are all better nowadays so you can do it easily at least (was a bit difficult back in the day) but unfortunately the profits are not really lucrative.
112  Economy / Economics / Re: New recession is around the corner on: May 04, 2019, 05:16:33 PM
I think "big recession" and specific national ones are affecting bitcoin differently. If one country has bad economy and they are not doing great like Venezuela for example that country does attach itself to crypto much more quickly and try to find a solution out of their horrible economy for sure, same happened with Cyprus for example years ago when people started to buy bitcoin in bulks over there and happened again for Greece too in 2010 which affected the price even more.

Nonetheless, if a big one happens all around the world than the economy of everyone gets destroyed all around the world and when economy is that bad everywhere than nobody has enough money to buy bitcoin since they are becoming more poor and how can a poor person leave money aside to buy bitcoin.
113  Economy / Economics / Re: Asset multiples at highest since two previous global crashes on: May 04, 2019, 07:27:47 AM
"Bitcoin is a bubble". O really?! What is this then?!

[im g]https://i.imgur.com/722FFKG.jpg[/img]
Warren Buffet has been doing the same thing for about 50 years now and it has always worked, could it be translated to crypto ?
I doubt so but there is a single slight of hope for that. Dude has been buying stuff that he believes will be around forever, he is involved with geico which is a big insurance company and don't you think people will need insurance forever ?

I think insurance is something that will not be gone in 5-10-50 years and will be here, considering you are basically making free cash for yourself and get paid constantly while only paying out when needed be that is a good business. He did the same thing with coca cola because lets face it everyone keeps on buying coca cola all the time and globally as well, same with Gillette because men will need to shave.

Basically, finding something that will not be a 5-10 year thing and be a 100+ year thing and invest in that. Bitcoin could be that thing but I don't know if I can say it for all other altcoins.
114  Economy / Gambling discussion / Re: In which language top gambling sites are coded ? on: May 03, 2019, 06:13:29 PM
From what we can gather by common sense I can assume that both stake and bitkong has javascript on their front end, this is not a guarantee but it does seem like the regular old html/css/javascript combo should be enough for the front end, I have messaged to their support to ask what language they were coded but unfortunately I was not capable of getting any answers.

Stake customer support thought I was asking the "language" of the casino as in English and all that, bitkong didn't replied yet at all. I think the safest option to assume could be c# for now, at least for the gaming parts of course because that would be the easiest option yet again to build these games on C# but I am not entirely sure how the payment part of it is coded since it could be anything.
115  Economy / Gambling / Re: Win a Lamborghini for 0.00056 BTC on: May 03, 2019, 05:40:57 PM
I am afraid this craze will result with many more people to lose a big sum of money after all.

Maybe this person is legit, maybe freebitcoin is legit too which would be expected since they are one of the most trusted websites in the world and already raised like 145 thousand dollars for a 200 thousand dollar thing so I doubt it would have to be a problem on their side but the more we see these type of games getting this much attention its inevitable that someone will see this as an opportunity and create this very beautifully designed and insanely marketed version of this and than just take everyone's money and leave with it right away.

If a place with just one topic can raise so much money think how much money you can get with one good designer and a thousand dollars in marketing, it would be stupidly easy to raise 500k in just a week.
116  Economy / Economics / Re: China's Proposal To Ban Cryptocurrency Mining Has Little To Do With Environment on: May 03, 2019, 04:43:13 PM
I do agree that it has little to do with environment but lets not put that part aside neither, they did this because of economical reasons and the biggest banks general manager has always been against crypto publicly which considering as a communist country he must be in power for some reason and that must mean his opinions was always the governments opinions as well however they are one of the leading pollution makers in the whole world and they do not care about the environment at all which means their country is destined to be one of the first places that get affected by global changes.

Now, I know they don't care about human life as much as most other countries with work related injuries but ruining your whole countries air is a problem they need to face and bitcoin mining isn't helping neither, maybe a place cold like Iceland would be much better for this kind of work.
117  Economy / Economics / Re: Crypto Scams are a global issue on: May 03, 2019, 03:33:52 PM
Now that crypto is allowing us to transact globally I am questioning if we are going  to start to see more scams happen between countries. Do we need more compliance companies to step in to help major scams and illegal trafficking?

Full report: https://ciphertrace.com/articles/q1-2019-cryptocurrency-anti-money-laundering-report/
It doesn't have to have a global solution neither, as long as its a global problem that people scam each other there should be at least one person that scammer scammed from their own country and as long as countries have legal tender stating crypto scams are as equally bad as fiat scams than we will not have any trouble.

The issue is how did you get scammed, if its a one on one scam that you lost money to someone than you may not get that money back but that would be quite similar on anything including paypal, there has been many scams including regular fiat as well that went viral and global too but if the scale gets bigger and involves more people than 1 then that person usually gets caught because they tend to not scam just foreigners but scam their own countrymen too which result with them going to jail.
118  Economy / Economics / Re: Russia to replace USD reserves with Bitcoin on: May 03, 2019, 06:04:15 AM
I think yuan would be much better for Russia if you think about it. Russia used to be a fully communist country and to say that they became democracy would be ignorant, they are still ruled with an iron fist on Putins orders and they still have a lot of communist propaganda and like it very much, they are very much against capitalism.

Even in Ukraine which is probably Russians biggest enemy capitalism is not fully emerged yet. So, china while fighting against USA economically could very much love the help from Russia to increase the value of Chinese yuan against dollars, if Russia ends up with buying yuan with all their dollars that would make yuan more valuable and make dollar lose value. That could both help Russia with sanctions via China and help China get stronger against USA.
119  Economy / Trading Discussion / Re: Binance Chain Faster than Ethereum & ERC20 tokens will move to Binance Chain on: May 02, 2019, 09:09:02 AM
I think the point is there is at least someone challenging ethereum for good now. I know tron and neo and eos and what not all tried some sort of ways to pick out on ethereum (either ICO or dapp or whatever) and ethereum is still strong as always but with this binance IEO thing as well I do not think it will stay strong too much.
I think the IEO is just way to early to call the winner here, I know ethereum is the leader right now and even today they are getting more funding than any IEO because of the total combined instead of just one but IEO has to really work hard and get much more coins to actually have a shot at the coin offering standard.

Right now it all depends on binance and you can't just put like a new coin offering out every week, at best you can do maybe one a month or twice a month and even that is too much which binance can't hold too long if the volumes are horrible. Whereas ethereum could allow you to go to any exchange you want right away, isn't there ethereum ICO that has been on binance before? There has been son IEO is not the only way and I doubt it will surpass ICO and eth anytime soon.
120  Economy / Trading Discussion / Re: 95% fake volume :) on: May 02, 2019, 07:29:15 AM
The difference is you risk your money with bitfinex but could do it anywhere in the world whereas if you want to use Gemini that requires a lot of trouble for people who are not Americans and do not have any american bank accounts. I am not saying its impossible but one is as simple as depositing btc and withdrawing btc whereas the other one requires a ton of paper work to be able to use. Is Gemini safer option? 100% guaranteed the safer option. Will people use it because of that? Not at all.

Gemini will keep being a small time exchange because they tend the needs of a niche amount of the crypto population albeit being the safest option whereas bitfinex even with their shady horrible business work will get much more attention because of the ease of use on their website.
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