Of course, but I guess it's a responsibility for all of us and that should not be demanded to some nicer interface. Bitcoin investors may not recognise its true power, but the impulse behind this computer-generated wonder is revolutionary: to take the production and control of money away from the government. This has tremendous implications for anybody's wealth preservation. Again, it's not only like making that technology easy and usable for the masses rather combining that to a meaningful SO WHAT? Why should I use bitcoin? Why bitcoin matters in my life? What am I able to do with that? I am going OT and I stop here but I believe many share my opinions.
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The addictive scenario on dice is when you are at winning streak and though about this is your lucky day and bet something huge amount but suddenly end up on losing it, Im sure if this time will occur we will end up chasing the huge losses we encounter at the day and might this is the start of losing streak since we are out of focus. And then you will think about it even if your gameplay ends and want to revenge next game time.
I have experienced this where successive winning days have happened to me, I continue to play without thinking about the time because greed is indeed when I win I want to win more even the number of bets is increased but yes the loss must be there when chasing that big defeat and want to return it, still can't mind being messed up, even revenge at other times want to hurry at the specified time. I don't want it to happen the second time where you have to experience the same thing, for me losing is normal in gambling but still if you want to catch up from that big defeat is something that is difficult for us to meet again. If I count the days in which I was lucky when playing dice, they certainly outnumber the bad ones; the problem is that it takes a single powerful losing streak to annihilate pretty much all those lucky days. Try your luck but remember that as long as you stretch it, the closer you get to lose big. It makes sense, otherwise, we wouldn't have casinos but rather charities.
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The point is that the majority does not care about being a bank, they probably couldn't care less if bitcoin is here for one reason or the other. They see it as a fashionable asset now, a must-have for a modern portfolio. Coinbase could be run by me, by you, by the state, by everyone else and they wouldn't care. Retail and institutional investors see bitcoin for its price only, let's face it.
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Yes, Coinbase is bad, as are other exchanges, but overwhelming majority of coins are still held by users themselves, so there's really no need to worry about it too much. coinbase currently holds ~5% of the circulating bitcoin supply. let's imagine this consolidation of coins into the hands of custodians continues and we're talking about single actors controlling 10% or even 20% of the supply. then let's imagine one of these custodians get hacked---cold storage compromised, everything gone. don't you think a custodian controlling 20% of the supply on behalf of users would be quite influential in facilitating a popular fork that recovers the coins? this is the kinda concentration of wealth that resulted in the DAO fork on ethereum. we can laugh about this stuff and make fun of CZ when binance gets hacked for 7k bitcoins, but i think it'll be less laughable when it happens with 3 million bitcoins, or something crazy like that. I second that. It's a massive concern for me too and your DAO example triggered several warnings in my head. Honestly, we can all see the custodian market journey has just started and it is clearly paving the way to some holdings centralisation. This is what institutional money implies and we should have known that already.
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The genie is out of the bottle.
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I don't know why I have never looked better at this thread but I will do from now on. I can actually select what I feel are the best 5/6 picks coming from your consensus and place a bet slip on my own. In case of a winning bet, I will fund your cause with a donation. I wouldn't recommend that, you will only lose money as I elaborated here a bit. By the way, how does one enter this group? Do I need to sign up at sportsbet?
Yes, just make an account at Sportsbet, fund it and look for the MultiMaster Promotion. Ok cool! Anyway, I didn't say that I am going to pick exactly your results but I'd rather select those with my own judgement and if I feel that they are right I could bet on them. So, I guess I should register on sportsbet too. thanks
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Having a few percents of Bitcoin's supply owned by many centralized entities hardly counts as centralization, even Satoshi, a single entity (most likely) holds more Bitcoin than that, and it never was considered a point of centralization by Bitcoin fans.
Satoshi is another story that has always had the primary focus on the fact that one day he will dump those coins, which would of course have very severe consequences for Bitcoin, not only on the price - but also on the trust of all BTC users. The centralization I mean is not directly aimed at these institutions, but at the way they guard their BTC and at the fact that it is exposed to the authorities at all times. Is it good or bad that Coinbase has about 1 million BTC in its possession? Regardless of security measures (say 98% in cold wallets), such centralization is not something that helps us get rid of the current financial system in which ours is not really ours. If one of the basic principles that BTC represents is that every man should be his own bank, then we have largely strayed from that goal. Look at it however you want, but all those millions of BTC in custodial wallets don’t really belong to their owners, they always dance on the edge of hacking, seizure or something like that. You nailed it here because that is the ultimate problem regarding custodial wallets. Again, that is inevitable: average users will always prefer convenience over complication as we all know that storing, securing and using bitcoin is hard at an experienced level. I can't see those million Coinbase users having their own wallets.
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According to a recent report by LongHash, public companies in the U.S. now own $10 billion worth of Bitcoin – something that can be accredited to increased investment as well as the cryptocurrency’s rise in price over the month of October. While the general consensus regarding more institutions getting interested in Bitcoin is fairly positive, the report noted that, “In the short to medium term, the positives far outweigh the negatives. But in the next decade or so, if Bitcoin eventually evolves into a global currency atop a store of value, it then could pose certain security risks.” More here https://eng.ambcrypto.com/is-it-all-good-news-when-institutions-invest-in-bitcoin/LongHash report here https://shorturl.at/dxST3
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Otherwise, everyone spying on you will be able to find out how many bitcoin you have.
As an complete amateur in this field I'm doing it like that: I'm using few wallets: 1 - cold main wallet. Not in use for months. Most likely not in use till $100k-$ 1 mln worth BTC. Mixed anonymous BTC. 2 - semi cold wallet. Big transfer from and to exchanges. Storing profit waiting for good price to dump. 3 - mobile wallet for fast deposit/withdrawals. 4 - mobile wallet for small deposits (f.e. signature campaign payouts) That's a fairly good setup. As for storing all your coins in one wallet, I don't see it as a bad thing as long as you are an experienced user who knows how to make the best of coin control features. Under strict coin control, you can store everything in a single wallet but of course having a multi-level set up is better for security reasons. Single wallet management is much harder.
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I don't know why I have never looked better at this thread but I will do from now on. I can actually select what I feel are the best 5/6 picks coming from your consensus and place a bet slip on my own. In case of a winning bet, I will fund your cause with a donation. By the way, how does one enter this group? Do I need to sign up at sportsbet?
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Exciting and full of twists as only the matches between Borussia Dortmund and Bayern Munich can be. The Der Klassiker rewards BM that now conquers the first place in Bundesliga! Everything but a boring game. Crazy rhythms, solid defenses, spaces to attack in the open field. Alaba, Lewandowski and Sané made BM day. Such a great match!
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Great service, man! As I am actively seeking a career change this list comes in very handy! Thanks a lot. In case I might find something I will send you a small donation Keep up the good work and be our radar!
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That's going to be a lot of data. If they try to go through every single trade they'll drown themselves in numbers. Pretty sure they'll only go after fiat transfers from and to banks and target those with the highest amount of money moved through the exchange. If they were to go after every single person who ever moved a few thousand dollars to their bank they'd need many years to do so. Another reason why you shouldn't do KYC Exactly. They will probably go after those who moved more than a certain sum from the exchange to their bank account (without reporting them for tax purposes). Don't forget the others will stay monitored in the background for future raids. Once they have the data, it's done, unfortunately.
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Hey oh, WO! Let me avoid to comment on what's happening price-wise. I will speak only after 20KDo you promise no speaking? I have heard of "orange" friend and I feel as if I know "orange" friend decently well, but as far as I know, I never have known a "yellow" friend, so far. What is such mysterious, "yellow friend"? Would it be to my advantage to be introduced or to become acquainted? JJG, yet another word sniper! Point 1) I will refrain to comment on anything less than 20k (i did that already in 2017) where we are inevitably going Point 2) Of course, what else! I was referring to our ORANGE friend. Maybe Peter Schiff abducted me while posting about it. Conspiracy solved.
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I didn't say that: I'll try to explain myself in a clearer way. It's not about the interface, it's about the tool: no matter how beautiful/usable a tool is if it is seen as a bad thing to conceal the origin of your coins, whatever effort one could make to present the tool nicely, what it actually does it's what matters. And if the nice guys don't like it, there's no UI to beat it. For the above reasons, I wrote it would have been much better having those tools embedded from the start already. Was I clear enough now?
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As long as it works the way it is intended, I do not actually care about any UX and/or UI improvements. Give me the right anonymity sets, give me excellent coin control, keep me away from toxic waste and I will leave happily-ever-after. That's the wrong attitude. How would these newly developed technologies' usage scale without a good UI/UX? I believe we wouldn't be using computers like we do today, without the "lame" Apple. I have mixed feelings about this: even with the best UX/UI, interface, wallet available there would be still the mixing/tumbling/money laundering stigma regarding using those privacy tools. It's about the narrative, not the marketing gimmicks of a fancy and sleek UI/UX. I wish those tools were built-in into the protocol from the start: those should have been already a feature and not an option. It would be interesting to know how do you guys feel about it.
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I am a fan of the 50% theory too. I remember when I had a losing streak of 15 while betting at ~70%: one might think that's impossible while it actually is, otherwise, casinos would be already bankrupted. Also, I lost several 97% chance bets so most of the time it really feels like it's either you win or you lose regardless of the chance. Every bet result, under provably fair conditions, is sort of unique.
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I hope to be able to join the Betnomi Poker series freeroll on Sunday: it's a long time I don't play poker and I might perform very bad but I would love to play again. If free, I will try to connect! And, by the way, good move betnomi
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Before it closed I did a withdrawal from luckygames.io that went through without any problem (this was in May 2020). I did that when I read the various scam accusations posted here on bitcointalk. I agree with OP, the guy showed some integrity at last.
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The hunt for a hedge is on. With the Federal Reserve keeping its benchmark interest rate near zero on Thursday and more fiscal stimulus on the horizon as a final presidential election outcome draws near, there’s a lot for investors to consider when buying into certain asset classes, one trader said. “You still have the S&P 500 trading under recent highs. The 10-year yield, more or less, has been sideways,” JC O’Hara, chief market technician at MKM Partners, told CNBC’s “Trading Nation” on Thursday. “I’m actually looking at another asset class that I think will work tremendously well within this current environment, and that’s bitcoin,” he said. “What I like about bitcoin is it’s actually breaking out.” Cryptocurrencies tend to act well going into and coming out of elections on the whole, but bitcoin’s technicals are particularly strong this time around, O’Hara said. “When we looked at a chart of bitcoin, we could see a very strong technical setup here that we believe is setting up for further upside,” he said. More here https://www.cnbc.com/2020/11/05/bitcoin-gold-trading-low-interest-rates-and-a-friendly-fed.htmlAs we said many times everywhere on the forum, now every trader in town is trying to find its luck trading bitcoin. The difference for me is that I don't think Bitcoin will go up because of some TA but more because of what it can offer as a protocol and store of value.
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