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13461  Other / Beginners & Help / Re: Found curious about the merit stuff on: November 28, 2018, 10:48:15 AM
Don't over analyse what a "quality post" is. It's simply just a topic/reply that's decently original and does actually help people in one way or another, or at least contribute to the topic. That's pretty much it. No guidelines or anything. Skills though? Well, bitcointalk is a bitcoin forum, so of course you need to have decent knowledge in bitcoin or cryptocurrencies in general; which is something that most people here are mostly missing.

Like sometimes I saw some posts maybe sharing some information of a particular topics but they are not being awarded.
Yes, indeed there are some topics/replies that didn't receive any merit. But people are overexaggerating the number of topics/replies that aren't given merit. I guarantee you that if a topic/reply is good, there's like a 95% chance that it has at least one merit or if not, then chances are that not enough people has read the topic/reply.
13462  Bitcoin / Bitcoin Discussion / Re: Is Blockchain and Bitcoin hyped? on: November 28, 2018, 10:38:25 AM
I personally think blockchain in general bitcoin, the technology itself and what it can do to potentially millions of people worldwide is severely severely underhyped, whereas I think bitcoin and cryptocurrencies in general as an investment is severely overhyped (at least since December up to a couple of months ago). Bitcoin as an investment right now though? Definitely not so much anymore as the hype died down as the price dropped.

Not sure if I worded that clearly, but yea.
13463  Economy / Service Announcements / Re: Buy in Amazon with Bitcoins. on: November 28, 2018, 10:04:53 AM
Amazon has become an online buying and selling site that is now developing bitcoin payments, so I think this is something that might be the best moment for buyers on the Amazon site to use crypto.

Do you have any source to prove your statement? There has been rumours in the past of Amazon planning on accepting bitcoin or some other cryptocurrency. While I don't think it's impossible for Amazon to receive bitcoin in the future, no one has given any source whatsoever as proof for the rumours.
13464  Economy / Service Announcements / Re: Buy in Amazon with Bitcoins. on: November 28, 2018, 04:08:47 AM
I might be mistaken but I think this is the only way, for now, to buy things on amazon using bitcoins.

You can also use Purse[1], and you can get discounts too! I've read decent reviews about it though I really haven't tried it myself. If only Amazon doesn't charge abysmal internetional shipping fees.


[1] https://purse.io/
13465  Bitcoin / Bitcoin Discussion / Re: Will BTC and the Alts be easier to manipulate now on: November 28, 2018, 03:54:39 AM
Bitcoin and other crypto currencies are vulnerable to quick changes because they are decentralized, the reason they are volatile as they are.

I don't think bitcoin and the cryptocurrency markets in general are volatile due to them being decentralized. They are volatile and easy to skew in price simply because there isn't that much money into bitcoin or cryptocurrencies, compared to other very stable assets like gold. As we speak, bitcoin only has $67 billion in marketcap whereas gold’s total market value is estimated at around $7.8 trillion source[1].


[1] http://fortune.com/2017/12/09/cameron-winklevoss-bitcoin-multitrillion-dollar-asset/
13466  Other / Beginners & Help / Re: Are the ico days over on: November 28, 2018, 03:30:20 AM
ICOs are definitely not over and I really don't see them going away any time soon. People are just significantly more cautious and a lot smarter in picking ICOs right now, compared to before due to a lot of the ICO tokens currently worth significantly less(even going as low as -95% from all time high).
13467  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin fail? What do you think is the most probable scenario why Bitcoin mi on: November 28, 2018, 02:47:24 AM
While I think that it's quite unlikely now for bitcoin to "fail", I personally think that what would cause bitcoin to fail completely is if a certain person finds a catastrophic bug and abuses it instead of reporting it to the devs. Probably a bug that can make people steal bitcoin from certain addresses or something along those lines.

don't confuse failure with a bug that can damage bitcoin's reputation. what you described is a bug and like any bug can be fixed but depending on the scale of the bug it can be damaging. for example if it is a flaw in ECC then it will be damaging but won't make bitcoin fail. not to mention that these things are highly unlikely. for instance ECC wasn't invented yesterday. it has been around much longer than bitcoin.

I agree. My example was probably bad and while it's not a bug to laugh about and a bug that's surely going to cause people to not touch bitcoin for a while, it's definitely not enough to sort of "kill" bitcoin. Also, looks like I need to do research on that ECC thing. Thanks.

Lastly, yes it's really quite unlikely but the chances are non-zero.
13468  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin fail? What do you think is the most probable scenario why Bitcoin mi on: November 28, 2018, 02:08:39 AM
While I think that it's quite unlikely now for bitcoin to "fail", I personally think that what would cause bitcoin to fail completely is if a certain person finds a catastrophic bug and abuses it instead of reporting it to the devs. Probably a bug that can make people steal bitcoin from certain addresses or something along those lines.

If too many miners can't make a profit btc dies.
It is one of the major flaws in PoW design. (Insane Input Costs to maintain it's network.)
I don't think so. As long as a few full nodes are running then bitcoin is fine. I also think having zero miners is very unlikely, as there's always money to be made regardless of price. Worst case scenario is just that the number of miners will significantly drop, but probably not necessarily comes down to zero miners.
13469  Other / Beginners & Help / Re: How To Invest In Bitcoin on: November 27, 2018, 03:33:23 PM
First of all, Bitcoin is the first cryptographically backed digital currency.  Grin The blockchain is the first invention of its kind and can be compared to the steam engine, electricity, and Internet. Being the first Blockchain backed decentralized form of money, Bitcoin holds tremendous value as a long-term investment. You will need to learn why Bitcoin is considered The Internet of Money, and how you can get your hands on some and secure it as an investment.

There are two tasks you will need to accomplish in order to be a successful bitcoin investor.

1. Find a good bitcoin exchange
2. Find a good bitcoin wallet

Learn more in the full guide.
Hi. Could you give me some suggestion about good bitcoin exchange? I know some but not sure which one is the best to use?
You can choose Binance, it is a good bitcoin exchange to use. You should give it a try.


Take note that while Binance is indeed a good exchange, if you're initially going to buy some bitcoin, you can't buy bitcoin using fiat money(USD, AUD, etc) through Binance. Binance is still currently only a crypto <-> crypto exchange. My pick would still be to use LocalBitcoins[1].


[1] https://localbitcoins.com/
13470  Economy / Services / Re: [FULL] ChipMixer Signature Campaign | 0.00075 BTC/post on: November 27, 2018, 03:24:53 PM
Well that was a good lesson for you to learn--and for any noobie to learn.  I wish I could have held onto all the bitcoin I've earned through campaigns, but I had to sell a lot and I bought a lot of stuff too.  It's not a huge regret, just a minor one.
Yeah. It's weird thinking that people didn't care or people weren't as impatient in the past(compared to today at least) with bull markets or price rises in general..

..or was it just me?

I think the fixed ChipMixer rate is even an interesting economic experiment. It's one of the few things priced in Bitcoin (are there any others left?) with an unchanged rate since 2017 (or even 2016? I don't remember when it started exactly.).

If we want Bitcoin to succeed as a currency, this kind of fixed prices should become more popular and eventually even the norm. In a context of extreme volatility like now it's unlikely for that to happen massively, but maybe such a trend could start in the next consolidation phase.
It's probably because ChipMixer is also earning in BTC rather than fiat; hence they compute their percentage allocations on everything(campaigns, marketing in general, etc) in BTC. I'm really happy with the dynamic amount though. I just heavily prefer receiving the 0.0375 weekly payout at December-January prices. LOL

Mainly the 200-250 dollar range so that 0.035 was 8 or so dollars. I only did it a few times and still have most of what was earned. I still look at my bits of piece of shit neoprene from Amazon and groan all the same.
Good for you. Campaigns in the past we're my first and only real "income" as an unemployed chap; hence I was addicted with seeing my fiat money slowly increasing weekly. 🤦
13471  Other / Beginners & Help / Re: I need help on posts statistics for bitcoin.org forum after the BTC Crash! on: November 27, 2018, 03:07:50 PM
What do you think? Does bitcointalk posts number has decreased due to bad market condition and investors leaving for the mean time?

That could probably one reason. The campaigns that are paying out in crap coins now has coins that has significantly lower prices due to the market crash, hence most campaigns might not be worth it right now for people hence the decrease in activity(assuming that activity here in bitcointalk actually decreased since the crash like you said).

The bigger factor though, in my opinion, is the not-so-recent 1 merit requirement for Jr members, and also the recent endless bans on people who committed plagiarism. The forums was far more active before that new rule. The forums are definitely a lot better though; activity doesn't necessarily mean better. I'd prefer low activity but high quality rather than the opposite.

By the way, I think this topic is more fitting on the Meta subforum[1]. It'd probably be better if you moved the topic to that subforum.


[1] https://bitcointalk.org/index.php?board=24.0
13472  Bitcoin / Bitcoin Discussion / Re: Blockchain tech is being used for bad purpose more, rather than good on: November 27, 2018, 02:47:59 PM
Fiat currencies like the US dollar is being used in gambling in general also, does it make it bad due to that specific reason? Not really.

Also, most if not all technologies pretty much almost always has a bad side to it.

  • Cars are used for better transporation but can be used as getaway vehicles for criminals
  • The internet is used for various great things like storing/retrieving of information, etc, whereas it can also be used to commit crime(theft, identification theft, etc)
  • Cellphones(especially the older, keypad ones), are made for better communication, whereas it also can be used to wirelessly detonate bombs

And many many more. So, for all these negative downsides of these technologies, does it really make them "bad"? I don't think so. The good things they can do heavily outweighs the bad things.
13473  Economy / Service Discussion / Re: 15% Discount when buying Bitcoins on Uphold it's a SCAM!! on: November 27, 2018, 02:15:12 PM
Look, Uphold is a decent service for getting stuff off Amazon at discounted rates but you have to know better than buying cheap Bitcoin. Anything with a discount of market rate for BTC is almost likely a scam... Especially when the options available usually means a preev premium.

P.S. Bucket concept usually applies to a ponzi model. That alone should have warned you off.

This. The scammer is only using Uphold's name to gain trust. As it was a very obvious scam to start with.

Anyway, unfortunately though.. using the address OP provided, looks like the scammer got a hold of a good amount of bitcoin: https://www.blockchain.com/btc/address/18h7EiyL5fJ1mY7qxnTsmxWiCYpZm8ib7x

I'm still baffled up to today how gullible people are to fall for these.
13474  Economy / Services / Re: [FULL] ChipMixer Signature Campaign | 0.00075 BTC/post on: November 27, 2018, 02:06:32 PM
So is chipmixer going to raise the rates considering how much bitcoin crashed?

Why would they? It was EXTREMELY generous a rate at the peak and they didn't reduce them then.

Ah.. I remember those days when bitcoin was at it's peak. I felt like a rich dude for a while and refused to spend a bit of it due to my BTC holdings being a multiple of 0.0375 that I didn't want to ruin. In second thought, I wish I spend just a bit of it.

Anyway, yea. Unless BTC crashes to triple digits or lower I don't see ChipMixer possibly adjusting the payouts just a teeny tiny bit to make it worth it for some people.

I was in the bitmixer campaign when it was one of the lowest payouts. 0.035 was a piffling amount so I blew it on stuff like laptop sleeves that instantly broke or a Google play voucher. Lots of growling ensued.

What was the price at that time? When I first got into a signature campaign I also almost automatically sold everything after every week and bought unnecessary crap. I had no idea of bull and bear markets in the past unfortunately. I was quite in disbelief when bitcoin started rallying up. Anyway, at least we now know better. Tongue
13475  Economy / Speculation / Re: Don't sell your bitcoin expert warn. on: November 27, 2018, 11:13:45 AM
Guess how many so called "experts" also said that $5000 was the bottom?
Guess how many so called "experts" said that we would have $50,000 at the end of the year?

I'm not saying that you should sell your bitcoin, but "expert" predictions doesn't mean crap. No one knows with 100% certainty where the prices will go. Also, the article seems to be very inaccurate in the first place. Title says "Don’t sell your Bitcoins, experts warn", whereas the tweet of Phillip Nunn shown in the article isn't even related to price.
13476  Bitcoin / Bitcoin Discussion / Re: ONLY A FEW PEOPLE WITH THE MOST BITCOIN CONTROL THE MARKET on: November 27, 2018, 01:42:41 AM
While it's definitely possible for people to somewhat control and manipulate the prices of bitcoin to a certain extent, we can't be sure of that.

Does it matter short term? Nah. Anyway, this 'problem' should be gradually fixed as time goes as the marketcap of bitcoin goes bigger(assuming the marketcap increases steadily yearly). With higher marketcap and with more money in general that's into bitcoin, the price of bitcoin will be significantly harder to manipulate and to significantly harder to skew over with big buy and sell offers.
13477  Other / Beginners & Help / Re: Private key on: November 27, 2018, 01:37:36 AM
but you know website who have private key with balance or hackers who have ?

Thanks !

Think about it. If a person has a list of private keys with some bitcoin on it, why would the person upload it on a website? Wouldn't it be more profitable for the hacker to steal the bitcoin himself? This makes completely no sense. If you want to make money, stop snooping around trying to find a way to earn free or easy money.
13478  Economy / Services / Re: [FULL] ChipMixer Signature Campaign | 0.00075 BTC/post on: November 26, 2018, 02:40:50 PM
So is chipmixer going to raise the rates considering how much bitcoin crashed?

Why would they? It was EXTREMELY generous a rate at the peak and they didn't reduce them then.

Ah.. I remember those days when bitcoin was at it's peak. I felt like a rich dude for a while and refused to spend a bit of it due to my BTC holdings being a multiple of 0.0375 that I didn't want to ruin. In second thought, I wish I spend just a bit of it.

Anyway, yea. Unless BTC crashes to triple digits or lower I don't see ChipMixer possibly adjusting the payouts just a teeny tiny bit to make it worth it for some people.
13479  Bitcoin / Bitcoin Discussion / Re: What is this seller doing? on: November 26, 2018, 02:23:47 PM
Exactly, these are my thoughts as well. I wrote on bitcoin.de support and they replied me in few hours that they do not see any price manipulation and using a bot is not illegal.


Yeap. I think it's currently legal due to bitcoin or cryptocurrencies in general being currently unregulated. Bots are being widely used among multiple exchanges, even with the top ones like Bitfinex and Binance. As with manipulation? I'm not sure. I think price manipulation isn't legal nor illegal; in the cryptocurrency space at least.
13480  Bitcoin / Bitcoin Discussion / Re: What is this seller doing? on: November 26, 2018, 02:05:16 PM
I'm definitely not a trading pro and I never claimed to be, but I think this is a way of manipulating the markets. Either that, or the person is trying to undercut the prices.

Also, this person is most likely using a bot. I imagine it's pretty tedious to add and switch up 40 offers all day.
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