Bitcoin Forum
May 25, 2024, 07:26:57 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 [7] 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 ... 259 »
121  Economy / Exchanges / Re: New Exit Scamming Exchange? on: January 02, 2020, 01:46:34 PM
Oh thats terrible.. Isn't this the usual recipe for an exit scam?

It sounds more like they're beinhg DDOS'd.

Any error page starting with 50x means the servers are overloaded - so 504 errors or 503 errors mean that the server is overloaded. Whereas error pages starting with 4xx mean the page has been removed by the website owner.

So the problem is external, they're under attack. Whereas exit scams are internal - the owners of the site simply shut it down and leave.
122  Economy / Economics / Re: Trump has disregarded the deficit, a key campaign promise. on: January 02, 2020, 01:12:53 PM
The American economy is still recovering from the Great Financial Crash. It needs to consistently grow over 4% per annum to generate enough tax revenue to close the deficit.

Unfortunately it's growing at about 2% per annum. I think Trump managed a couple of quarters at 4% but growth then slowed again. They're not helped by the rest of the world - Germany for example is growing at 0.5% per annum, which is near recession - it's stagnation. Until everyone is growing fast, there is no hope of any government reparing it's finances.
123  Bitcoin / Bitcoin Discussion / Re: Craig Wright claims , today will be the last day for Bitcoins. on: January 02, 2020, 12:51:31 PM

For reference, you can read the below link,

https://news.bitcoin.com/alleged-8b-btc-tulip-trust-expires-with-tales-of-bonded-couriers/

Tulip trust is supposed to deliver keys to around 1 million bitcoins to Craig today through a bonded courier from David Kleiman. And Craig is supposed to use that huge amount of bitcoins to ruin the market and bring BSV into prominence.

For me, it's just a hoax! Read the article and decide for yourself!

He's basically a nutjob and a fantasist and he believes his fantasies because he badly wants to believe he is Satoshi.

I don't know why people are giving him so much attention though. They should just leave him to mutter by himsef and maybe hope his wife gets him some professional psychiatic help.
124  Bitcoin / Bitcoin Discussion / Re: 2009 - 2019 Bitcoins First Decade Closes With . . . on: January 01, 2020, 01:34:08 PM
The problem is that the biggest interest in bitcoin was at the moment of its growth to 20k, and after that decline, people are usually disappointed and give up btc, it is different when you start holding btc at a low price and see growth, then you are confident in btc and you have confidence in him.
In 2020 and in the years to come, btc should be viewed with optimism, in the hope of a better price, and less price variations, to attract many suppliers and consumers.

A lot of people lost money buying at the top. If we ever get back to about $20,000, we shall see these people cash out with relief, so it might be hard to push past that point.

Bitcoin has had a helluva ride, but the past is not a guide to future performance. The only way the next decade will be as good is if there is continued work to build the ecosystem around bitcoin.
125  Alternate cryptocurrencies / Altcoin Discussion / Re: What's up with XRP now? on: January 01, 2020, 01:09:17 PM
Ripple took a hit when Congress started attacking stablecoins (which was prompted by Libra).

Congress is now putting through a law called "Stablecoins are securities", and this threatens Ripple's whole business model:

https://eng.ambcrypto.com/ripple-exec-slams-stablecoins-are-securities-act-claims-libra-accelerated-crypto-talks/

Zuckerberg and his Libra project have managed to undermine the whole stablecoins niche.
126  Economy / Service Discussion / Re: Do multiple BitPay transactions add up towards the 3k limit for KYC? on: January 01, 2020, 12:52:31 PM
Just made a BTC payment to a merchant which uses BitPay for processing and total amount was just lower than $3k. Have not been asked KYC.

I'm wondering if I use the same merchant again, will the next transaction add towards the $3k limit or can I keep doing multiple transactions without KYC?

I think it's only for amounts over $3000 that you need KYC. See

https://bitpay.com/blog/bitpay-dashboard-id/

Quote
The one-time verification requirement is for people making BitPay merchant or prepaid payments of $3,000+, initiating refund requests for amounts of $1000+, or receiving BitPay payouts. Business users making purchases, etc. within these thresholds will also complete ID verification as individuals. Person-to-person payments with BitPay's BitPay and Copay apps aren't included and do not require ID verification.
127  Bitcoin / Bitcoin Discussion / Re: YouTube admits error over Bitcoin video purge on: January 01, 2020, 11:41:38 AM


I was impressed by D.tube it has many good features and prides itself on being decentralized. There so many crypto videos there and they very helpful. I am surprised and impressed by the amount of videos available. Is there a way for people to monotonize themselves like youtube? Do videos you upload give you crypto? Im asking since i will never know since i do not make videos.

D tube is built on top of the Steem network.

So after you have uploaded your Dtube video, simply post it on Steemit. If people like it, they'll upvote and you'll earn Steem.
128  Economy / Economics / Re: Halving is approacing: HOLD YOUR BITCOINS AND NEVER SELL THEM on: January 01, 2020, 10:43:32 AM
I disagree.

I think there will be a pump up to the halving, and then the price will drop. So if you can sell at a profit, do so. You can always buy back again at a lower price after it has dropped.

The people who sold at the top in 2018 at around $17,000 and then bought back at around $4000 are in the money. The ones who held simply watched a paper profit disappear. Always take some profits.
129  Bitcoin / Bitcoin Discussion / Re: 2020 will be a material year for crypto. What do you think? on: December 31, 2019, 05:07:00 PM
Didn't someone say the same last year?

There was quite a lot of material progress in 2019. Price was around $3500 at the start of the year, it's now about $7,200. So double. One of the best asset performances across the world.

That's pretty good progress. If we end next year doubling again at $14,000, that will be extremely good progress too.
130  Bitcoin / Bitcoin Discussion / Re: What do you think are the hot topics of crypto in 2019? on: December 31, 2019, 01:41:50 PM
I may not list in order of hotness and how it drove the space but I think I noticed this events
1. Bakkt
2. Libra coin
3. Craig wright as satoshi
4. Hack on exchanges like binance
5. Ethereum hardfork


Bakkt was a damp squib. Most people simply ignored Craig Wright. As for hacks, they happen so often, again no-one takes any notice.

Libra was the big event of the year - because it upset governments and started them thinking about regulation. Govts were not threatened by bitcoin or the other alts. But they hate the idea of stable coins which are pretending to be backed by fiat. And they hate Facebook and Zukerberg. So the two things coming together was explosive.
131  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum Price Analysis: Bear Market Ahead on: December 31, 2019, 01:04:20 PM
I don't see any reason why ether should be bearish in 2020, because ETH will have a fork ahead of it, and in general now ETH is almost at the bottom.
It looks like the ethereum developers are proposing another decrease for the block reward. The hardfork can't be the reason for ethereum to get the bullish trend or bearish trend but that must create a rumour about the future of ethereum after the hardfork will have done by the ethereum foundation and community.
It looks like the bottom of ethereum has already achieved and the bottom will not always mean if ethereum must reach the old bottom value.
The fork doesn't guarantee if ethereum will be on the bullish trend dude. that just bring a rumour to make FOMO or FUD.

Agree. Ethereum got really badly hurt by the ICO clampdown by regulators across the world. Prior to that people were buying ETH as a prelude to participating in those ICOs - and that's why the price was high. There isn't really any reason to buy anymore.
132  Bitcoin / Bitcoin Discussion / Re: Ignoring Bitcoin Power Waste and the Crackdown on Mining it is about to Bring. on: December 31, 2019, 12:32:26 PM

No matter what side of the Power issue you stand on,
there is no doubt that mining operations can't afford 6 months of downtime waiting for a rainy season,
in that time they lose any hope at running a profitable operation, as the lifespans of ASICS are short lived and a year could be the difference between mining a fair amount and a giant metal paperweight of bankruptcy.



It might be an issue in that particular part of China, but the Chinese brought it on themselves by offering extremely low electricity rates to miners (which is the reason mining got concentrated in China).

In other parts of the world it's different. Iceland's electricity is entirely geothermal and they've got a lot of miners too. And parts of Europe are developing an excess of wind energy and miners are benefitting from that too.
133  Bitcoin / Bitcoin Discussion / Re: You should burst this MYTH on: December 31, 2019, 11:36:30 AM
I often hear people quoting that some country (most of the times China) is positive towards blockchain and are thinking to using it in their country, so they are also  positive towards Bitcoin.

This is just a myth. To be honest Bitcoin and Blockchain are separable. Blockchain can sustain without crypto but crypto cannot without blockchain.

In recent times Bitcoin moved from 7k range to more than 10k may be with the news of China president talking about blockchain. Then people were saying that China is positive towards crypto but things were not that good. And now things are on the same page again.

So burst this myth that where blockchain is Bitcoin will also be there.

Everyone knows this. But traders like to move the price on "news" and sometimes fake news is concocted to try to move the market and persuade newbies to buy.

Also - there are keyword trading bots that automatically buy when the words "china likes bitcoin" appears in the news. They also sell when "china bans bitcoin" appears in the news.
134  Economy / Economics / Re: Global Wave of Debt Is Largest, Fastest in 50 Years on: December 30, 2019, 01:33:28 PM
It's mainly happening in China - but the Chinese seem to be allowing some of these companies to default to make investors more careful about whom they lend to. See

https://www.bloomberg.com/news/articles/2019-12-26/china-s-government-is-letting-a-wave-of-bond-defaults-just-happen

Quote
China’s had another record year of corporate bond defaults. That’s not a crisis. It’s a plan.

A decade ago, defaults almost never happened, but that wasn’t because companies in China were always healthy. It was a reflection of the tightly controlled financial system, where companies were often linked to the government and bonds were largely bought by state-owned lenders. Authorities have often stepped in to ensure that financially troubled enterprises didn’t crash into default, out of concern over social unrest in the event of job losses or missed payroll payments.

This system imposed little discipline on borrowers. Now global investors are coming into China’s bond market. Though many companies are still state-backed, policymakers are getting more comfortable with defaults. Without them, bond buyers would have little incentive to make a careful assessment of a company’s creditworthiness.

They had corporate debt defaults of $130.7bn in 2019.
135  Bitcoin / Bitcoin Discussion / Re: "Who Needs the Internet Anyway: Taking Bitcoin Transactions Offline*" on: December 30, 2019, 12:16:04 PM

How realistic do you see the assumptions being made here?


Not realistic at all. Remember that the internet was designed by the US military to ensure that communications couldn't be taken out by a single point of failure or even multiple points of failure. The packets of information just re-route from node to node till they get to the recipient, even if they have to go the long-winded way around the world to do so.

So say someone cut the cables going across the Atlantic. The info would then route through the Mediterranean into the Red Sea, into the Indian Ocean into the Pacific Ocean and get to America that way. To criple that system you would have to cut all teh cables and assume that govts won't be able to fix the cables as fast as you can cut them.

The bigger threat is lack of electricity - but again, because countries regard this as a core feature, they will defend their electricity generation at all costs. Even Venezuela still has electricity.
136  Alternate cryptocurrencies / Altcoin Discussion / Re: Vitalik Buterin makes a new statement. What do you think about this? on: December 30, 2019, 12:20:16 AM
Sooner or later, the famous Blockchains you see, the principles based on (incentives) will hit the wall.
It' an obvious dead end that it has to come to the fact it's gonna be centralized & ran from one single place (servers) & the communities adopting it / buying it will be just MasterCard / Visa... users like we see now except with lowers fees.
What' happening right now in crypto is the embryo stage, the next stage will make it boom, which means less incentives for crypto communities, sad but this is how i see it.

There have been proof of stake coins before which have crashed. Remember Reddcoin, Dash, Hyperstake and hundreds of others that popped up in 2015 and 2016?

They sort of died because you needed a huge amount of coins to get a reliable stake, and so the small holders sold up deleted their wallets and moved on.
137  Economy / Economics / Re: UNICEF Will Give Out Bitcoin Grants via Henrietta Fore's Cryptocurrency Fund on: December 29, 2019, 06:44:18 PM
I think I've seen this news here in the forum before. So basically they are just holding their crypto and wait for it to rise in value rather than cash them out immediately (which I heard what most charities do). From there it's kinda vague.

It just says the held cryptos would be used for grants to "open source tech projects" which is weird for the UN's "Children's Fund". You think they're hoping some of those projects would make money and who can later donated back to UNICEF?

It sounds very much as though they are speculating. It's hard for them to give out cryptocurrency unless the people they give it out to can either spend the crypto, or convert it into fiat in a local exchange so they can then spend the fiat.
138  Bitcoin / Bitcoin Discussion / Re: YouTube admits error over Bitcoin video purge on: December 29, 2019, 01:39:21 PM


I agree with you that's a good initiative,but it's not good enough to convince Youtubers to migrate. Youtube makes a good living for most decent popular Youtubers thanks to ads,decentralized platforms like D Tube can never earn you good money like Youtube.At most,you can earn 40% what you earn in Youtube and this without even taking n consideration the volatility of the crypto market and therefore even those earnings aren't guaranteed.People should understand that being Youtuber nowadays ia a job,if you want to replace Youtube,you should offer the same guaranteed earnings or bigger,otherwise it's not worth the risk.

Actually you can earn much more on D Tube than on Youtube, because you get paid in Steem from people upvoting your content (the steem allocated is basically what's being mined in the seven day period the video is up).

Whereas Google pays a few cents to a few lucky people who manage to get people not to skip their ad.
139  Economy / Economics / Re: Are we heading towards Recession? on: December 29, 2019, 12:29:02 PM
New Gold Rush in Germany lol

from 1st Jan on politics cut again the limit for buying gold anonymously due to money laundering protection from 10k to 2k. Fast-Fact: Just 64 out of 59845 cases of laundering money can be related to gold ....

https://www.welt.de/wirtschaft/article204562092/Neue-Bargeldobergrenze-Lange-Schlangen-vor-den-Gold-Handelshaeusern.html?utm_source=pocket-newtab

Trust in Fiat is becoming tremendous!

have a nice one all ...

Germany is experiencing negative interest rates, and positive inflation. So of course people are rushing to buy gold. Their economy has also stalled - so I guess if a recession appears it will be in central Europe starting in Germany and then spreading to the countries that sell them parts (Poland, Hungary, Slovakia, Czechia).
140  Alternate cryptocurrencies / Altcoin Discussion / Re: Libra coin alive or dead? on: December 28, 2019, 12:33:27 PM
In my opinion, it's deader than a dead parrot.

As long as Facebook wants to locate Libra in Switzerland rather than the US, while still trying to use dollars to back Libra, the American regulators will do everything they can to prevent it's use in the United States. And if it can't be used in the US, it's useless. Might as well use bitcoin, or litecoin or doge or some other cryptocurrency that can be used in the US and doesn't break any laws by pretending it's backed by dollars.
Pages: « 1 2 3 4 5 6 [7] 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 ... 259 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!