There is a problem here, which is transaction fees. If you send each individual transaction to the user’s wallet while deducting a 1% service fee, I think that a large percentage of the revenue will go as a fee. Confirmation times and transaction fees will also vary according to network congestion. However, if you maintain a balance for the user and he can withdraw all once a week or a month, we cannot say that it is non-custodial, as there is no guarantee that you will send the money directly to the user’s wallet. To solve this problem, I suggest that your service to be free and send currencies directly to the user’s wallet (using master public key) or exchnage between currencies and impose fees on the transfer price. The user would receive payments in any cryptocurrency and go to his wallet in Bitcoin or USDT ONLY. |
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The challenge lies in the source of the information. Many people repeat the same articles on the Internet, which are rarely correct or carry technically correct data, and then move to Twitter, which means the number of followers and the number of retweets is an indication of the accuracy of the information, which is wrong, so the problem is that there are many False information that people circulate to become facts without searching for its source or verifying its authenticity.
Even the trust here is based on the number of merits you have collected, so incorrect information from a legendary account can be more accurate than correct information from a newbie account. Everything that happens confirms our failure to find an accurate and impartial crypto source of information and therefore is not suitable for beginners.
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This discussion reminds me of Strange block 74638 [1] AKA CVE-2010-5139 where 92,233,720,368.54277039 BTC was generated and bitcoin blockchain need a hard fork. Therefore, the only constant in the history of Bitcoin is 20,999,999.9769 BTC, and as long as that does not change when the market capacity of Bitcoin was not 100 billion and it was not so famous, it will not happen in the future or when it has a high value. Therefore, it is true that Bitcoin will not reach 21 million, and we will not see anything like this in the future. The greatest danger is to create currencies less than Satoshi, which may happen if the value of Bitcoin is very large (we may not see this in 70 years). [1] https://bitcointalk.org/index.php?topic=822.0 |
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You need to edit this link.
I tried to understand the nature of the service you provide, I went to F.A.Q and found that to activate cards you need to verify your ID, however, you did not mention restrictions on countries, here you mentioned that your service is available in 100+ countries and on the site you mentioned +150, however I did not find a mention of prohibited countries from using this service. How long does it take to set up an account?
It takes about 5 minutes to create a new Coinramp account and verify your ID. Once you’re verified, you can now order a Coinramp Virtual Card in USD and EURO. Without verification, you can only deposit crypto and send funds to other Coinramp users. You have two types of cards: Card limits and Card+ limits. Although the limits are different, there are no additional conditions for obtaining Card+. They are the same requirements, which are verified your ID. However, the limits are about $25,000, which is rarely achieved once the identity is verified. Do I need to provide additional information in order to order a Coinramp Card+?
No, once you verified your ID, you can order any card you need. You have different restrictions for USA which may include social security number I see that the company's registration refers to -----> https://mercuryo.io/, but I did not find information about you on their site. Are you a third party relying on mercuryo? |
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If you get a unified opinion, then I think that the trust system has failed. It is a mixture of distributed opinions that gain their strength from the extent of others’ trust in them. You can give negative trust to everyone, but simply more members will ignore your account, and then you will not be a DT1/2 member, and therefore no one cares what You are saying.
For me, when you want to trade, you set conditions or rules. If a person lies about these rules, you will give him negative trust. If the rules say you will get a card worth $50 without KYC and when using that card, it asks you to complete KYC, then the seller lied and you have the right to give him negative trust. It differs from a lie that is not related to the rules, such as you sent him a message and a lie that he was busy.
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It's very disappointing, to say the least (less than 100K volume). So what am I missing here?
Perhaps compared to the launch of multinational CEXs that not requiring KYC is considered unfair, especially if we review the taxes in Hong Kong and whether the tax there is low or acceptable, as we are talking about a small geographical area and therefore it is natural for the trading volume to be low. The days rule over the experience, and since the continuity of any economic activity means making profits, if those profits are not achieved, they will not continue. https://kpmg.com/cn/en/home/insights/2020/04/tax-alert-8-hk-taxation-of-digital-assets-in-hk.htmlIf a business is considered to be carried on, say by trading, exchanging or mining assets, it will only be Hong Kong sourced profits that are subject to profits tax. Again, this is a question of fact and will require an analysis of where the profit generating activities have been undertaken. Events such as airdrops and blockchain forks are to be treated as Hong Kong sourced profits in the course of a crypto currency business for such taxpayers. |
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I tried to find a better source for this story, and you can read it ----> https://www.theguardian.com/us-news/2023/aug/31/bitcoin-mining-plan-pennsylvania-tire-burningStronghold has been burning coal waste to create cheap power for cryptocurrency since 2021, when it bought the Panther Creek power plant in Nesquehoning, Pennsylvania. It is a controversial approach because although the removal of coal waste can help remediate contaminated land, the process emits greenhouse gases and other harmful chemicals. It can take twice as much waste coal to produce the same amount of electricity that regular coal would produce.
The company also says it sometimes needs to burn tire-derived fuel – made of shredded vehicle tires – to make the combustion of waste-coal more efficient. From what I understand, it is a plan to improve the efficiency of burning coal waste by burning tire-derived fuel - made from shredded car tires - and perhaps the reason for this is that the quality of coal waste is low. In general, this company receives government subsidies, and I do not think that it will present a stupid plan that will lead to public discontent, especially since its field is burning coal waste and it has a temporary permit. |
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It is not possible to build a correct perception based on these statistics because they are biased or inaccurate to provide an idea of the extent of blockchain acceptance. It is true that blockchain provides transparency and enhances governance and digitization in many sectors, but I see that there are better, more efficient and faster alternatives than blockchain that can perform the same work as blockchain at a cheaper price.
The best use of blockchain was in Bitcoin and cryptocurrencies, which added fundamental value to the concept of blockchain, and the banking sector may be the most beneficiary of this technology compared to other sectors.
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Sometimes the emergence of a new, more efficient alternative does not mean canceling the old product, but it will be less concerned according to the price. We have examples of this such as the oil revolution, the discovery of oil fields and its impact on coal mines [1], and Salar de Atacama [2], which was thriving in the past and suddenly everything stopped. Therefore, if a planet full of gold is discovered, there will be a comparison between the cost of extracting that gold to deliver it to planet Earth and the price of gold on planet Earth. If the price is lower, mining on Earth will gradually stop, and vice versa. These things are not black and white, but they differ according to each case and every situation. [1] https://yearbook.enerdata.net/coal-lignite/coal-production-data.html[2] https://en.wikipedia.org/wiki/Salar_de_Atacama |
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The Fibonacci retracement is a powerful tool, but we cannot use it alone. Since we do not make decisions based only on what we see in the Fibonacci retracement, of course we need to accompany it with other confirmations. For example, we are trading with a trend that we use a moving average, support and resistance, and a reversal candlestick, but as I said before, Fibonacci retracement does not work all the time, so we still have to manage the risk of every trade we do because there is no perfect trade in each of the tools we use.
I agree with you, your explanation is beautiful and you did not quote the images from the source, but adding more examples of how it is used in bitcoin trading, especially in predicting prices during the last period, will be useful. Just as the Fibonacci levels are to confirm the trend, reading it with the moving average, support and resistance in addition to trading volumes will make your explanation meaningful and not like an isolated island or an explanation of a concept isolated from use in trading. I am following this topic and it would be helpful if you added these notes. |
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Why not?
In most non-custodial or custodial wallets, the developer/company disclaims legal responsibility or any legal consequences such as losing coins or using them in dark activities, so knowing the company or headquarters will not make a difference. For example, we have Sparrow, dated 2020, without a known company or headquarters compared to a wallet like blockchain.com, which was launched in 2011. They have a headquarters and a registered company. However, Sparrow is better than blockchain.com based on many metrics. I disagree, it's very important to have an app lock as an extra protection. Also, take into account that some wallets are for desktop. And the app lock is usually related with an encryption of the keys on the device.
locking app different from encryption, in most cases the lock mechanism, whether it is a pin, password, fingerprint, or others, does not encrypt the data inside the application, but rather is necessary to protect against physical attacks. If the wallet does not encrypt recovery files, there is no point in recommending it. |
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I am not sure why this sounds bit odd for me. But you probably haven't heard that Binance has got their office there, and they're the first exchange to receive a license from the government there.
It is true that Binance has a 'Preparatory MVP' crypto license in Dubai, but after the bankruptcy of FTX, things changed a bit and the authorities became more stringent [1], just as if you do not have a bank account in a Gulf bank, you have no choice than P2P. It is true that trading may not sound familiar, but it is good for those who do not want a lot of legal complications or why this money was transferred from your account. The shortest and best solution is ----> https://www.rain.com/[1] https://www.bloomberg.com/news/articles/2023-04-05/dubai-asks-binance-other-crypto-license-applicants-for-more-information#xj4y7vzkg |
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I had the same question. Some post with 2-5 merit may still deserve more merits. But the problem is the posts I meant they are in my local board. So there isn't much merit. But if it were in the international thread I am sure I would get more merit.
I understand that, but it is not difficult to create new posts with zero merits. Try to develop your posts and continue to create high-quality posts. It is true that old ones deserve more merits, but this is your motivation to do the best. I apologize for not replying but I forgot about that.
Mini Merit LOG red4slash -------------> 6/10/2023 Good posts,
Abu-Naim -------------> 6/10/2023 Good posts,
odunybiz-------------> 6/10/2023
Arenga pinnata -------------> 6/10/2023 Good posts,
I'm out of merits. will start from @Odohu and all new requests as soon as my merit source back (within 5 days) |
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Many of them have left the local because there's no much merit there. And those who spend most of their time on the board don't get merited as much as they'll do on the main board because 1,
This should not be a reason to post or stop posting. The main motivation should be that you like it. Merits are an additional incentive. I'm the only merit source and 2, low source merit. I saw you have 1k+ monthly and I barely have over 120+ meanwhile we have over 1k posts monthly on the board and that means only 100+ (quality posts) of those can be merited (that's if I send only 1 merit each for each quality posts that I come across).
@Rikafip's stats say otherwise, I quote Their average 12 months post/merit ratio is ~0.3 which means it is indeed possible to rank up there, but harder than on many of the other local boards. But I agree with you, it needs more improvement. before the local board was created but his reply was that the forum isn't looking to add more merit to circulation and that's just frustrating to the local board but what can we do, most times I even keep my smerits earned from merit received for the baord just to keep the energy high on the board.
Instead of getting discouraged we can think of a compromise, I can give Nigerians LB about 150-200 merits per month, which means about 100 extra sMerit, just make a weekly list, PM me with it or through that thread and I'll look into it. After about 3 to 6 months, if there is an improvement in the quality of the posts and the post/merit ratio, then you will have enough reason to claim a new source source with +200 Merit per month. |
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Good list, is the code open source or are there plans to translate it, I can help with that if possible. Since we are talking about crypto-software-wallets, there is no need to mention LAUNCH YEAR/COMPANY/HEADQUARTERS/X (TWITTER),...etc - In LIGHTNING NETWORK, I would like to add whether it is non-custodial or custodial - No need to add a QR Scanner - There is no need to add APP LOCK as this feature is present in most phones and can be activated even if the software-wallet does not support it. I almost liked the PRIVATE KEYS section, it's the first time I've found such details. There is an extended list by ---> https://walletscrutiny.com/ you can check out. |
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What can affect the market for this? Please give me your personal opinion!
Many trading pairs related to BUSD will be canceled and trading of that currency will be stopped by February 2024 [1]. This news has been spreading for several months[2], and therefore all that is happening now is an application of this news and it will not have an impact on the price. By deleting the pairs related to BUSD, it remains MTL/ETH ANKR/BNB, which are often removed due to poor liquidity or platform policy, etc., but those altcoins (MTL&ANKR) have not been delisted, although this may happen. if he talks here about its impact on Bitcoin price, it is almost zero. [1] BUSD users will be able to convert Busd to other stablecoins until February 2024 [2] Binance removing support for BUSD |
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There is a close association between anonymous mining sites (cloud mining) = SCAM, even their definition of cloud mining shows that they do not have a good technical background. Cloud mining is a mechanism that uses rented cloud computing power to mine cryptocurrencies such as Bitcoin, without installing and running hardware and related software directly. In addition to fixed income by about 30% within 20 days, the greed of users increases, and a period of 20 days is sufficient for fraud. Therefore, this project is not cloud mining, but Ponzi/HYIP. I hope all beginners deal with cloud mining as a scam and all quick earning sites with more skepticism. I added a negative trust. |
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It is really not reasonable to expect that screening will get you a reward every single time. You are not doing something that requires that much of a big talent, and you are doing something that is free, and the result should not be instant profit all the time.
If we ignore the exhaustion and great psychological pressure, it is likely that you will not be able to catch up with the price when it changes dramatically, so you will need a bot or something automated and fast that can execute trading orders without your personal intervention. Therefore, personally, I see that all price alert applications are just a waste of time and useless stress.
You should be seeing it slowly, and not doing much and wait for the trends to develop and only make money time to time, that is what it deserves to be fair and I believe that is more than enough. There is no easy way of making money in most cases and you shouldn't really be believing that it will make a profit that quickly, it will not be that simple and should not be considered easy at all, it will definitely be a tough thing to handle in most cases.
You can do this without any extra effort by automating your trading, and there are plenty of options if you read technical indicators well and use the appropriate bots. |
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This scam is obvious to anyone who has experience but we can say trust wallet can record your private keys and steal them at any time they want. It is true that they have not done that yet, but anything is possible. I'm surprised how they got your email address and made sure that you downloaded the trust wallet. In general, your wallet should be in separate devices from the Internet and from anything related to CEXs.
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Although I would like to see more merit sources but what I have noticed is that Nigerians are ranking up, it is true that it is difficult for those who only post in the local board but it is possible. The analysis provided by Rikafip is the best to say that there is a need for merit sources and I hope the change is fast. For now, as a simple solution, if you see a post worth merits, put the link in that thread. My source generates about +1,000 sMerits per month and I think that's enough for several local boards. |
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