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10081  Bitcoin / Bitcoin Discussion / Re: What needs to happen in order for bitcoin to replace gold on: October 15, 2019, 12:54:58 PM
Why will you want Bitcoin to replace gold in the first place?

Very good question. If the banks too will start hoarding Bitcoin, the amounts available for average Joe, for transactions, will become tiny. Bitcoin will remain a store of value, but no longer a coin.
And if Bitcoin price will be less volatile, they may find out that's cheaper to hold/handle Bitcoin than physical gold.
10082  Economy / Gambling discussion / Re: Which Casinos Have the Lowest House Edge? on: October 15, 2019, 11:02:31 AM
I think 1% is the lowest gambling casino's house edge can go. If they lower it than 1% then maybe the profit it will generate won't be enough for the website's maintenance and for salaries to its employees as well. If it's above than 1% then it would be difficult for them to attract new users.

I don't agree. They can go lower easily. (Just they don't need that). It actually depends on how many paying players they have and the competition.

As the number of them increases, indeed, at start there are certain costs for better hardware, hosting, ... but after that's done, they can go with lower house edge.
Just that's not necessary yet. The number of good casinos is so small they don't have to cut their earnings in order to gain extra customers (and for now they also have their promotions and games to keep the things interesting too).

And let's be honest, 1% is not that big either. What's the house edge at Las Vegas?
10083  Bitcoin / Development & Technical Discussion / Re: Bitcoin explorer on: October 15, 2019, 10:13:00 AM
Of course not. Are Lost bitcoins circulating? Those who the owner died, or lost in HDs, pendrives etc. And no one can determine how much is this number

You are overthinking it. The network (or code) doesn't go by death certificates. If it's mined it's considered in circulation. And this is what OP was asking for.
10084  Bitcoin / Press / Re: [2019-10-15] Sodinokibi Ransomware Earns Hacker $287K Bitcoin on: October 15, 2019, 10:03:46 AM
What are the effective [ways] we can avoid becoming victims of ransomware?

Basically backups. You just buy a big enough external HDD and from time to time copy there all the data you care about.
The frequency of backups usually depends on how often the important data changes.
Also an USB stick to recover your Windows (including the serial) may help.

Or use Linux.
10085  Bitcoin / Bitcoin Discussion / Re: "Cryptopia: Bitcoin, Blockchains and the Future of the Internet" on: October 15, 2019, 09:52:57 AM
Woah. I opened the thread to see what does the old & dead Cryptopia exchange tells about .. the future of the internet?
Strange name indeed. But I am looking forward to watch the documentary and, obviously, tell others about it  Wink
10086  Other / Serious discussion / Re: Centralized Exchanges are against Crypto on: October 15, 2019, 09:32:31 AM
Most probably normal users don't need centralized exchanges. But it's not (only) us who feed them and help them become this big.
It's the (day) traders. It's the bot owners. It's those who make thousands or millions of trades every day, buying, selling, buying again and selling again. Those do care if they pay the 0.2% or 0.1% or less. Actually the fee structure also favors them. And they don't have to pay transaction fees or anything (OK, they do pay, but 1-2 deposits/withdrawals don't compete with 1000s of trades), since everything happens inside the centralized exchange.
10087  Economy / Trading Discussion / Re: 4 reasons why Bitcoin has bottomed out on: October 15, 2019, 08:01:05 AM
Patterns over patterns...
I wish OP is right, but I cannot believe him. Yes, TA may support everything he said. But there's still a mix of expectation and uncertainty, and that uncertainty still can be exploited for relatively short time gains.
So the price going further down is still possible imho. Maybe it "cannot" go lower than 7500 or 7000, but that's another story.
10088  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think about the Facebook Libra cryptocurrency idea? on: October 15, 2019, 06:35:19 AM
But it's just another stable coin.

Actually with so many big names and money behind it, it could/should have been the stable coin everybody would (have to) use, the stable coin accepted everywhere.

It's something no stable coin managed to do - actually they didn't pose any danger to USDT reign.
Libra would have dethroned USDT easily.

It is about an huge amount of power in the hands of Zuckenberg, so maybe it's for the best that the project may perish.
10089  Economy / Scam Accusations / Re: Bitstamp.net - A good scam scheme on: October 14, 2019, 06:51:23 PM
Well!! in one of Bistamp review I have read that bitstamp exchange is one of the industry leaders in terms of its security procedures, and the platform has a good reputation as being a trustworthy exchange.

1. You revived a thread from March, rather old story.

2. If you read between the lines you'll see that OP has successfully traded 10k euro before the exchange "become a scam", so I suspect that OP did something fishy or something Bitstamp may have considered fishy. Such things come up now and then; they may be caused by misunderstandings or people thinking that they can force Bitstamp hand by posting like this. Indeed, if such reports start to pile up, then it's a warning. But imho it's not the case. It's indeed one of the platform with good reputation. I also can certify I did a few hundred euro withdrawal Friday without issues. All I can complain is that recently they've risen the fees...
10090  Alternate cryptocurrencies / Altcoin Discussion / Re: Libra partner drop out on: October 14, 2019, 06:38:42 PM
Missed this post in the week-end, have read the news today and was quite shocked. What a blow! After PayPal now MasterCard, Visa, Mercado Pago, Stripe, eBay, Booking Holdings. are all out; yes the list is growing.
After PayPal I said that things will go on. But this is a very powerful signal and I think that the things indeed start to look bad (although they still have a lot of backers, at least on paper).

Libra future has just became uncertain.
10091  Bitcoin / Bitcoin Discussion / Re: Bitcoin: Stress and Happiness on: October 14, 2019, 06:30:19 PM
Isn't it better to just hold it, sit back and just relax.

It depends very much on everybody's finances at home, I'd say.
Even if one may have not invested much into Bitcoin and now the investment looks nice in fiat, but maybe it did look better some days ago (or in December 2017!) and then thoughts "maybe I should have sold some" come out.
And I don't even want to think on those that invested money they don't afford (at all) to lose, like the horror stories of those buying Bitcoin on borrowed money.
So even the nice (!) "sit back and relax" advice is not for everybody. And as long as there will be this volatility, some people will always oscillate between stress and happiness.
10092  Economy / Service Announcements / Re: Access wallet addresses easily, without storing private keys or security phrases on: October 14, 2019, 06:16:19 PM
There's a service based on blockchain that does this. It's based on ziliqa and it's called "unstoppable domains".
And there's OpenAlias. And there are probably more.

And there are view-only addresses in the wallet of your choice, just to have them at hand.
And there are notes inside your phone.
And there is paper you can write or print on.

Of course, addresses without private keys can stay on cloud too, just make sure you don't put there private keys or mnemonic phrases.


... and there's this new thing that looks like an ICO.
LoL!
10093  Bitcoin / Press / Re: [2019-10-10] How the U.S. Government Tried – and Failed – to Shut Down Bitcoin on: October 14, 2019, 03:27:49 PM
let's put it another way then


is arguing about whether the sky is azure or indigo more important than stopping corrupt people using pychological tactics to lie to millions of people? you seem to be in favor of arguing about a coin toss

I give up, you win! your ego is more important than millions of innocent people murdered, and millions more to come, all because pointing out who did it is a conspiracy theory. My bad Roll Eyes

Hey! I apologized and wanted to stop, so I find it extremely unfair to say it was about my ego.
I stated that people already took over that specific meaning (and I happen to have done the same thing) and it's next to impossible to revert that.
And I stated that it can be easier to use any of the meanings and clear up what meaning it is (so go forward) than try to revert.
So I see it different: both of us lost.
10094  Bitcoin / Press / Re: [2019-10-10] How the U.S. Government Tried – and Failed – to Shut Down Bitcoin on: October 14, 2019, 01:43:58 PM
you sound a lot like the sort of abusive person who popularized "conspiracy theory" to mean "crazy story": you'll do and say anything to hold onto what you've got, even when you know why it's wrong

I just happen to disagree with you. I just use the expression in the way many use and, while I understood your point, I tried to show you that there can be another point of view too.
What would be the point of an argument if I would have continued with "yes, sir" on every statement of yours? Is that what you expected? I surely hope not.
10095  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Please help! on: October 14, 2019, 01:38:23 PM
Withdrawing your funds will be the best way for now and look for another exchanger to sell your MNT coin.

Most probably OP doesn't have a wallet for this coin and I couldn't find another exchange that accepts this coin.
And I doubt that there's any. According to the last posts in the coin's ANN thread, after 25 February (!) the project was confirmed as (exit) scam.

Of course OP cannot sell since February.

Sorry, OP, you are left with over 134 millions of coins, with each and every one worth exactly 0. The perfect definition of bag holder.
I don't think it'll do any good to install the wallet and get your coins home for eternity, but it's your coins, do as you think.
10096  Bitcoin / Press / Re: [2019-10-10] How the U.S. Government Tried – and Failed – to Shut Down Bitcoin on: October 14, 2019, 01:04:44 PM
I do want to continue this argument, because actual dictionaries are getting it wrong too.

OK, but be warned, my following answer will come based on (logic based on) how I understand the things in the language I know better than English, so it can be wrong.
Also, it may get long and it's already way off-topic.

These dictionary publishers would have the same problem as you in a court case where you are charged with a conspiracy: saying "Oh come on, that's only a conspiracy you're saying I did!!!" would be a confession, it wouldn't even get to court if you said that in a police interview.

In theory, in the court, they should talk about the facts, not about a way of saying. And if needed, they can ask for clear up and avoid confusion.
Also, in court, it's no uncommon that people hand write confession of something being white (the color is chosen for being something pretty clear), and after some time retract it and maybe write it was red.
Also, the dictionaries are pretty clear about what conspiracy / conspiring means. While you also know that an expression of multiple words, "a saying", can alter pretty badly the initial meaning of those words.
So imho your explanation doesn't stand.

So, I put it to you again, who should change their position here? You, and people who write dictionaries? Or the multiple institutions that would have you captured and locked in concrete room with murderers and child rapists for neighbors?

Neither.
Although some online dictionaries may ho a lousy job, the reputable ones are good, no matter what you think.
A dictionary has to reflect all the possible meanings, including the ones you don't agree with. Languages are not as fixed as math.

saying "not english" is no excuse here, most foreign languages had the word "conspiracy" exported directly into their language from English, with the spelling slightly changed, because it's a legal expression, pertaining to criminality, and only loosely connected to crazy stories if at all.

I find this particularly surprising because you are a non-native English speaker, as your own language almost certainly makes correct use of the word, in it's proper context.

You continue to insist on one word and link it to legal stuff.

Well, I'll tell about this single word too: some definitions tell that a conspiracy is a secret agreement for carrying out an illegal, immoral or overall negative activity.
As you can see, while it's about something bad, it's not necessarily about something illegal.
But this is irrelevant, since the two word should be taken together for the meaning. This happens in all languages.


I'm sorry if this seems obnoxious, but the word "conspiracy" is being used in a thoroughly Orwellian double-speak manner since the 2000's (and really the 1960's), and in a rather insidious and unpalatable way.

I'm not sure I've understood this right.
The term "conspiracy theory" is used a lot of times for stories about "bad things" various "parts" of the "state" do or cover up.
And of course I expect most of them be made up, only to sell certain types of newspapers or make some people famous. (Hence my first post in this topic).

When someone powerful is accused of doing something heinously immoral, their instant response these days is to use their influence to have the accusation dismissed as a "conspiracy theory".
Every time you or a dictionary, or anyone else misuses the word, it reinforces the the social pressure not to take an interest in powerful people committing unethical or immoral acts, because the "conspiracy theory" label will be (mis-)used to make you appear crazy or paranoid. This is very clever (yet simple) psychological manipulation, not least because me saying that can be believably dismissed as crazy or paranoid, it's a beautiful concept to abuse if you're powerful and want to sweep something you did under the rug.

I consider it our responsibility towards everyone else, including the unborn, not to let this happen unchallenged.

This is the equivalent of asking nicely the avalanche slow down, really.
The language changes, we like it or not.


And we should never forget, that Bitcoin itself is a direct consequence of solid facts that are..... dismissed as a conspiracy theory. If you relay the facts about financial markets, institutions and central banks, the powerful people with an interest to prop up their bullshit dog-ate-my-homework stories about themselves will call you a conspiracy theorist, and the facts a conspiracy theory, because you're telling the truth and exposing their lies.

Those things you (and me in this case) call facts, if taken into court, could not make a case, because we may not be able to prove them.
And since with no proof there's no crime, so indeed we have a conspiracy theory. Life is cruel, what can I say? There's not only black and white, there are also plenty of shades of grey.
10097  Economy / Service Discussion / Re: An appeal to all my fellow Cryptotalk signature campaign participants! on: October 14, 2019, 09:05:14 AM
They can't set that as the maximum, because there are others who, regardless of signature, post more than that anyway.

They actually can set 25 posts/week as maximum paid. Why not? Then some won't just post for the sake of posting.
Just some campaign owners want more than that. Would one think that the owners of a campaign for another crypto forum (the owners of a competitor forum) would care to keep the post quality here on high levels?!

That's why, as I said, theymos should step in with some rules for the maximum paid.

Edit: by maximum paid I meant max number of posts / a certain period of time.
10098  Bitcoin / Bitcoin Discussion / Re: Schnorr + Taproot Soft Fork and What this Means to Bitcoin on: October 14, 2019, 08:55:15 AM
Privacy has been a big concern for some with Bitcoin as they feel that it is slowly losing ground with this cryptocurrency and that other private coins are way ahead on this respect. I understand some can be happy with this development but of course this can be raising red flags with the regulators. Let's see how countries like Japan and USA will take this...let's hope they will just allow this to pass with Bitcoin. Will this mean that illicit traders are soon coming back to using Bitcoin?

Yep, this is indeed a very deep problem.
Today people can use mixers, can be careful to not reuse addresses, can be careful to not spend together inputs that can give out too much of their identity - if they care about that. Most probably most users don't do that.
It's not normal to allow anybody look into your pocket. So adding a bit more privacy would be normal.
Just this can indeed attract various criminal activities into using Bitcoin once again, which will probably make the financial services be more wary about Bitcoin.

It's hard to make everybody happy.
10099  Bitcoin / Press / Re: [2019-10-10] How the U.S. Government Tried – and Failed – to Shut Down Bitcoin on: October 14, 2019, 08:43:48 AM
Or, maybe you could just, I dunno, learn what words mean before you use them?


conspiracy theory
NOUN
A belief that some covert but influential organization is responsible for an unexplained event.

So "crazy story" can fit well in the description.



However, I don't want to argue more on this, I can accept that since English is not my mother tongue I do make mistakes.
If it makes you feel better @Carlton Banks, I apologize for creating confusion by not using the expression in its strict meaning. Lesson learned, I'll be more careful with this.
10100  Bitcoin / Press / Re: [2019-10-10] How the U.S. Government Tried – and Failed – to Shut Down Bitcoin on: October 13, 2019, 09:44:37 AM
what crime was committed? you seem to think there was, what was it?

No! What I saidmeant is that some can imply that.

Edit: and my long post was exactly to make you understand what I meant.
More edit: the beauty of a conspiracy theory is into making people believe that something happened (or could have happened), even if nothing did happen.
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