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10681  Economy / Service Discussion / Re: Black Friday 2019 on: November 27, 2019, 03:07:42 PM
- Private Internet Access: 67% discount

That's a great list OP, but you might want to passthink twice on this dudes and dudettes.

I've read this an hour ago: "PSA - PIA (PrivateInternetAccess) has been bought by Kape Technologies which is known for sending malware through their software and for being scummy in general." - Reddit /r/DataHoarder thread

I'm not immediately going to make conclusions that this is automatically a bad idea and that Kape will be sending malware to their users through PIA, but this is just a heads up to you people so you can do your researches on this.
10682  Bitcoin / Bitcoin Discussion / Re: Bitcoin-Satoshi Conference 2020 (Dubai) on: November 27, 2019, 02:54:28 PM
and of course they all can meet the real Satoshi in a Satoshi Round Table gathering, if the real Satoshi suddenly turn up there in Dubai.
Do you actually really think the real Satoshi Nakamoto would just simply casually reveal himself on a random Bitcoin conference after a decade of hiding? I mean, go start a conference if you really can and want to, and I sincerely wish you the best of luck, but you might want to clearly think of your expectations here.
10683  Bitcoin / Bitcoin Discussion / Re: Bitcoin up 250,000% in Less Than a Decade Compared to S&P 500’s 147% on: November 27, 2019, 02:42:53 PM
You said my mind. Only few would patient enough to hold for a long time.
Many who did not understand the potential of Bitcoin ignored it or thought it won't go very far. Bet there are few new projects with potential to be like Bitcoin but many people ignore the projects too, without understanding their potentials. But when the projects become valuable or successful, we regret not investing.

Precisely. People could also say the same not only with bitcoin, but also with stocks like Amazon stocks when it was on it's IPO. In the end, it almost always comes down to people not thinking that it would work out THAT well in the end, hence they didn't invest.
10684  Economy / Economics / Re: Does halving really create deflation? on: November 27, 2019, 10:01:06 AM
The halving or the "halvening" causes the bitcoin that's being mined to be halved. The bitcoin that's currently being generated and entering the markets daily is 1,800. After the "halvening", the bitcoin generated daily will be halved to 900. Hence, being more scarce.

But remember, not because something got more scarcer, it doesn't automatically mean that the price will increase. The perfect example would be litecoin. After the halving, the generated altcoin halved. But yea, the price dropped too after a while. Why? Simply because there's not enough people buying litecoin. Regardless how many bitcoin is being generated per block or per day, that wouldn't matter if there are more bitcoin being sold on the market than being bought. In the end, it's always supply and demand.
10685  Economy / Exchanges / Re: Upbit exchange hacked! on: November 27, 2019, 09:49:15 AM
An article concerning this: https://www.coindesk.com/crypto-exchange-upbit-confirms-theft-of-49m-in-ether

Well, should we even be surprised nowadays? Exchange hacks have been too common for us to be even shocked. Once again, refrain from leaving funds on exchanges unless completely necessary.
10686  Bitcoin / Bitcoin Discussion / Re: Bitcoin up 250,000% in Less Than a Decade Compared to S&P 500’s 147% on: November 27, 2019, 08:32:26 AM
This is something that I have regretted for a very long time, which is not knowing or ignoring Bitcoin back then. I was too focused on my virtual assistant career last 2011, until I was first introduced to Bitcoin in 2014.
Hindsight is 20/20. I'm pretty sure a lot of holders from those years also didn't expect this level of exponential growth that bitcoin had throughout the years. All you can do right now is learn from your lesson, and act accordingly.

I know how it really feels not knowing or ignoring Bitcoin years ago. If I did, I could be one of the Bitcoin whales right now. Same thing when Ethereum came out.
If you did, there's also might be a good chance that you would've sold when bitcoin doubled or tripled or when it was one of it's hype/bubble cycles in the past.
10687  Other / Beginners & Help / Re: Just a little something about secure passwords. (Wallets & Online services) on: November 27, 2019, 02:53:03 AM
tldr; people should just use password managers and use passwords that are generated from there, with the maximum amount of characters possible(depending on the website you're registering on. Some still have a maximum of 20 smh). Along with this, in-app(non SMS) 2fa. Doing both alone is going to make your accounts secure enough as long as your password manager's master password isn't easy to crack in the first place.
10688  Other / Meta / Re: Should we report questions that can be easily answered? on: November 27, 2019, 02:22:38 AM
The problem here is that there's no way to know with 100% certainty if a question is legitimate or is just created for the sake of postcount. So I guess it completely depends on the question.

My take: If the question looks legitimate and sincere but is really really really redundant and easily Google-able and searchable on Bitcointalk(e.g. how to earn merit, where to spend bitcoin, how to rank up, etc), someone should simply just link some article or post and the mods should simply lock the topic immediately. But then again, this completely depends on the topic question.
10689  Bitcoin / Bitcoin Discussion / Re: NOTHING IS ABOVE BITCOIN on: November 26, 2019, 05:00:24 PM
This is exactly why stablecoins like USDT, TUSD, DAI, Libra, etc. won't gain much popularity. Cryptocurrencies and the blockchain technology were created with a scope - that we get rid of all the centralization and excessive control of authorities over the world. Corruption is at all time high level and transparency is nowhere near where we would like it to be. By adopting Bitcoin and blockchain & adiacent tech like smart contracts I'm sure we will make a much efficient & fair world.

Stablecoins actually gained popularity. Why? Simply because having stablecoins eliminates the risks of volatility through assets like bitcoin. Along with that, not everyone(or probably even majority) don't even care about decentralization and security in the first place! This is the exact reason why for some reason people still "invest" in other cryptocurrencies like XRP, and other worse shitcoins.
10690  Local / Altcoins (Pilipinas) / Re: Mga risks ng paghawak ng stablecoins(USDT,TUSD, etc) on: November 26, 2019, 04:06:46 PM
If magkaroon man ng KYC o added regulation/security, why would they freeze an account kung wala naman mali?
or kung una man ang freeze, and need mag follow up for kyc, diba mauunfreeze naman? Kaya sinabi ko as "as a normal user".

Hindi porke frineeze hindi necessarily ibig sabihin may maling nagawa. Ang pinag uusapan dito is mostly centralized entities and or governments. Based from history and first hand experience alone, hindi natin talaga maeexpect na lahat ng gagawin ng gobyerno at kompanya e para sa ikabubuti ng lahat(obvious na agad, corruption pa nga lang sa pilipinas).

And yes, pwedeng ma unfreeze naman talaga. Pero the fact na pwede nilang ifreeze ung funds(back to the topic about potential corruption and malicious intent). That alone should be a risk already. The main post is not about warning people na nanakawin ng centralized entities na to ung mga funds natin in the first place. It's just warning them of the risks they're taking when holding these assets.
10691  Local / Altcoins (Pilipinas) / Re: Mga risks ng paghawak ng stablecoins(USDT,TUSD, etc) on: November 26, 2019, 05:33:49 AM
Ang binabanggit mo ay sa future - wala pa ngayon.
Yes. Still doesn't change the point. Ung "future" na yan, could be tomorrow, or next week, or next month, etc. Better be safe than sorry.

Isa pa if mag implement sila ng ganyang kaimportanteng update o ano man, hindi ba yun mabobroadcast agad at ipapaalam sa tao? So pag nagkaganyan, free naman na wag na gumamit ng stable coins. Nagkakamali ba ako?
HIndi natin alam. My guess? If gagawin nila ito in a way para potentially na makahuli ng money launderers and tax evaders, probably hindi. Again, better be safe than sorry.
10692  Bitcoin / Bitcoin Discussion / Re: How you can say that? on: November 26, 2019, 05:00:38 AM
Yeah, it's a chicken and egg problem. Low liquidity is a result of a lack of users, which probably has a lot to do with low liquidity. I wish it was as simple as dropping centralized exchanges, but they're so much better in terms of user experience that switching really isn't a viable option for most people -- it's not like centralized vs. decentralized is the only factor people take into consideration when using an exchange. But hey, maybe a good DEX that people actually want to use will pop up in the future.

Exactly. People need to understand that some(or probably most?) people aren't really willing to do a recovery seed backup with their "DEX" wallets, heck, I'm going to bet that most don't even use non-custodial wallets! I don't think there's any other way to get people to these so called "DEXs" unless their ease-of-use gets better significantly.
10693  Economy / Service Discussion / Re: Antivirus Program that accepts subscriptions using BTC? on: November 26, 2019, 03:32:53 AM
I know that's not the question here, but antivirus in 2019? Cheesy

I don't think that's necessary. I stopped using AV more than 5 years ago and I have never got a malware since then. Common sense is better than relying in a software that basically only do heuristic analysis.

LOL. Hey, while I really don't use antiviruses(because Linux), I still have the free version of MalwareBytes on my Windows 10 OS. While it's not actively running, I still run the MalwareBytes virus scanner for like once in two weeks, you know, juuuust to be extra sure. But yea, I don't think antiviruses are really necessary unless probably for our parents that's likely to click on some random email attachment.

As for OP, probably look for a license seller on Amazon, and pay it through Purse.io so you can pay using bitcoin.
10694  Other / Beginners & Help / Re: 10% collateral BTC loan...real or scam? on: November 26, 2019, 03:21:29 AM
Whatever the collateral percentage is and whatever the yearly returns is, there's literally NO WAY I'm going to lend money to a telegram group. Imagine a scammer so bad at stealing money that they don't even bother to spend some money to rent a server and start a website.
10695  Other / Beginners & Help / Re: How to start trading at OKEX Korea? (no fiat) on: November 26, 2019, 02:41:29 AM
I mean, what do you need help with specifically?

Probably buy some bitcoin through some reputable seller on LocalBitcoins[1], and move over the bought bitcoin to your OKEx wallet address.

While I'm not sure if OKEx Korea requires KYC, better get your documents ready just to be sure.


[1] https://localbitcoins.com/
10696  Economy / Service Discussion / Re: Best Bitcoin Lending Platform ? on: November 26, 2019, 02:37:15 AM
Require KYC, thats a problem !

I mean, good luck looking for a legitimate and reputable lending platform that doesn't require KYC.. In fact, this is one of the cases that I'd probably look for a service that requires KYC, simply because you're entrusting your money to them(assuming I'm going to use a lending platform, which I never planned to).

You just hit the nail right on the head... Dang! I mean, if ever anyone wants to participate in stuffs like this, security should be on top of the person's priority and it shouldn't be compromised for anything.  On that note, I think it's safe to say it's best to complete the KYC before participating in it. I know submitting KYC details isn't one of the favorites stuff that Crypto enthusiasts enjoy doing. KYC has it good sides too Smiley
.

Yeah exactly. I mean, I personally don't like KYC/AML either! But this is one of the cases that the reputable and supposedly "secure" ones require KYC, and the ones that don't aren't that reputable. Maybe sometime in the future we're going to get a reputable lending platform that doesn't require KYC/AML, but I really doubt it.

But then again, I'm really not a fan of leaving my coins with a custodial..
10697  Bitcoin / Bitcoin Discussion / Re: How you can say that? on: November 26, 2019, 02:28:03 AM
1. Why decentralized exchanges do not go for coin?
2. Liquidity comes with more users and there was a time when these centralized exchanges did not had that much users as they have today.

1. Ask them. I personally don't run a "DEX". 🤷
2. Yes. I'm definitely not saying that "DEXs" will not have usage in the future. My point is, it has very low liquidity right now hence only a very small minority of traders are using them.
10698  Local / Altcoins (Pilipinas) / Re: Mga risks ng paghawak ng stablecoins(USDT,TUSD, etc) on: November 26, 2019, 02:21:08 AM
As a normal user wala naman magiging epekto yang asset freeze. Affected lang dyan yung gagawa ng BIG TIME na kalokohan like stealing funds/hacking.
If may mangyari man na random o selective freezing, for sure na mafifix or malalaman agad ang problema dahil transparent naman.

Panghuli, wala naman sila magegain if mag freeze sila ng address (randomly), kaya bakit nila (authority/issuers) gagawin ?

For KYL/AML reasons gaya ng sabi sa "Increased regulations" section. The same exact reason kung bakit na-lolock ang PayPal accounts ng mga tao pag maraming funds ang pumapasok sa PayPal account ng wala pang KYC/AML information na sinubmit ung account owner.

Pilipinas section, please read before replying.
10699  Economy / Speculation / Re: Exact reason for the dump on: November 25, 2019, 01:22:18 PM
Please, where am I getting it wrong?

There is no way to know for sure what causes a price rise/drop. It's not like you're required to enter the reasons of why you buy/sell a cryptocurrency when you execute a trade on a certain exchange, right? The dump already happened. Stop wasting your time trying to find out why.
10700  Bitcoin / Bitcoin Discussion / Re: Would it be realistic for the world to run on cryptocurrencies? on: November 25, 2019, 01:13:04 PM
No! A single crypto can't be scaled at global level! At least we don't have any such strong crypto in the market till date! So a decentralized cryptocurrency owned by no-one, will never become a mainstream global currency! Let's be realistic, please!

Who not? If the lightning network ends up being successful sometime in the future, then a single crypto can definitely scale(not to mention that there will most definitely be other layer 2 and layer 3 solutions to help scalability). It just mostly depends if the governments around the world would actually allow bitcoin to be used as legal tender.
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