We need more decentralization of the bitcoin full nodes currently on the network. Most full nodes are run by miners and big centralized blockchain services. This is solely because you need to be quite resourceful and be willing to spare somekind of hardware which has pretty decent specifications to run the full node. You need RAM, internet and continuous electrical power. Might not be much for the average joe, but is he willing to put in the work to set all this up for nothing in return(just supporting the network)? - Even if we don't like it, the answer is no.
I think we must find a way to incentivise bitcoin full node running or make the process more lightweight if you will.
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@ethereumhunter this is exactly the problem of addicted gamblers. They still think they can win in the long term if they are lucky. But it doesn't work like that as it is statistically proven that they will lose money if they keep playing game because of that house edge. They need to understand this. If you give them hope that they will win if luck is on their side then that will act as fuel for them to keep risking their hard-earned money.
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nowadays there are a lot of troubles with us dollars money transfers between companies. maybe it is because of sanctions or money clearance, or weapons traders or I do not what ever more reasons exist, but the problem is there you may give to bank all necessary invoices and papers, make the transfer and wait 1 month money to come to other party!! One, damn, month! I guess to counter such cases - people may have to need bitcoin!
Transactions between companies are a little bit more complex. In my experience many of those papers are for important things & AML procedures are nothing to kid about. However a month is totally exagerrated unless there were some serious iregularities with where the money came from. International bank transfers shouldn't take more than 3-5 working days nowadays.
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Well, you can't expect banks to pay you more as you practically hold no risk when putting your money into savings account. That's the bank role - to keep your money safe and maybe give you a little bit of interest, but most of the times that interest cannot even cover the inflation so it appears the following matter: is it riskier to save your money or to invest it?
There are other traditional investment instruments available of course like government bonds that give out a little bit more APR then the classic bank savings account, but still it is nothing compared to the gains you get from Bitcoin. Also take into account that your risk is greater by some serious degrees when investing in a cryptocurrency. After all, it resumes to a risk/reward ratio.
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Those statistics are astounding indeed. 5X more wallets in 3 years and let's be serious...most of the crypto users are not using web based wallets like the one blockchain.info provides. Most of the wallets are software wallets like Electrum, Armory, Bitpay, etc. Of course that web wallets are more convenient and maybe people who are not concerned about their security and feel safe to trust a third party with their funds would use them, but still.. I strongly believe that the vast majority of crypto wallets are not web-hosted.
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It's called a "cup-n-handle" pattern and until now it is just the cup. If we create the handle and break out of it then I'm looking for a measured move from the bottom of the cup to its high. That would put us at around $11200 price zone. However from my experience you shouldn't put much weight on a pattern that is forming on the 1H timeframe as it tends to be more sloppy. But suit yourself, everyone has its own trading style after all.
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That is a very interesting idea and concept. I love when you can make money while also doing good things for the society and our planet. Was wondering if you can provide me with some kind of tutorials so I can learn how to separate copper from electronic devices as well? Sounds like fun if you are more technology oriented as I am.
If the profit is worth the time I would definitely transform this endeavour in a hobby for me and maybe create an organisation and get more people involved in this.
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not all are bad, I see some of them have analytics and movement charts that have accuracy, they even provide Twitter updates of each coin very quickly, they only sell their analysis. But unfortunately there are many channels that really like your comments, and here really need a personal filter.
I joined the VIP on the channel after many questions and answers with the owner, and always debated if our analysis was different, and here we have complementary views.
I'm sure that between all those scammy signals group there must be like 1% actually quality groups. But whenever I think about this I wonder myself why would any consistently profitable trader spend time to give other people signals for MONEY? Isn't he supposed to make money if he is a good trader? The truth is that most signal providers are nothing more than analysts, therefore they don't have any skin in the game like traders do. They just draw the lines, look at indicators & interpret them. They don't employ any trading strategy or good risk management principles though.
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I want to watch a spanish game tonight and I can't seem to be able to do it if I don't place a bet. haha So Osasuna vs Valencia is going to be a very tough match. Osasuna is only 2 points behind Valencia, but I don't think the pts and position in the rankings matter a lot at this moment of the season. Analysing the H2H matches in 4 out of 5 last matches there have been over 2.5 goals marked so that's my single bet on this match because I couldn't find another "safe" bet in my standards on this match. I get an odd over 2 for this event to happen so pretty good if you ask me ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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I'll tell you this, if you are the gambling type of trader this platform is for you as it has an invest box, their own token, IEOs and all kind of things. It's a rather new exchange so they don't have passed the test of time yet. Looks like they have good customer support, but they lack on the trading offerings. They have a 0.20% fee/trade which is too high to be competitive when you have only 0.10% with option to go down to 0.03% on Binance. And take into account that you need to verify(KYC) your account in order to withdraw.
So the main question is: why would you even try trading on this platform when you have much better options like Binance, Bittrex, GDAX?
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Glad to see that the team is hard-working in the background. Haven't heard about the exchange wallet until now. Is it going to be an integrated exchange feature inside the Stratis Core wallet or something like that?
Regarding the hackathon I hope the participating devs will create a few smart contracts and dapps or at least make a base MVP for them. I think this is the missing link for Stratis - use cases. The technology is great, it just needs applications.
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I think that similar to how Gold has been and is viewed as an investment instrument, so we need to look at Bitcoin like. First of all we must understand that we've never encountered something like Bitcoin which fulfills both the store of value and method of payments functions. Even if Satoshi has created Bitcoin with it to be used in day to day transactions that doesn't mean we shouldn't speculate on it. The truth is that it is a deflationary currency, thus is bound to increase in value as the supply shrinks more and more over time. Do you think Satoshi created the decimals just to be there? - We don't really have a use for the "satoshi" unit NOW as it is not even worth more than 1 cent. But as the price grows and we go into the 6,7 digits numbers we will make the transition so people mostly use that term instead of BTC.
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Posting a feedback on my prediction yesterday on Genoa vs Brescia. As I've predicted Genoa dominated the game, but only one of my two bets were green yesterday. I had a 1X and UNDER 3.5 GOALS and there were 4 goals scored.. well.. what can I say. I've got to take these kind of losses sometimes. Nevertheless it was kind of a spectacular game as at half time Brescia was leading with 0-1. I would have never guessed that Genoa will have such a powerful comeback. 3 goals scored after a kind of boring first half.
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LOL, who said that Bitcoin is the answer for poverty. And for those people who are "dreaming" that it's the solution, then they are in the wrong market. I can't believed people around claiming that bitcoin or crypto for that matter is the solution? Maybe they are blinded because they think it's a get rich scheme, but it's not. Earning Bitcoin needs hard work as well and you really need to be smart in order for you to make a lot of money.
Just to add to your post, there are many people who are not smart and still they make a lot of money from inheritance or lottery, etc. However most of them go bankrupt just because they are not smart with their finances and don't have financial education.
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After seeing the current Bitcoin pump structure it looks like the bulls have enough fuel to get the price to $17k resistance. I don't think we are going to reach $22k this year, but as we had an almost 50% surge in price in only one day everything is possible in crypto land. 😅
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Exactly! People need to understand that Bitcoin and cryptoucrrencies & blockchain are a revolution that could or could not evolve in something of very high impact on our world. Similar to the internet, Bitcoin is an opportunity that people can choose to take advantage of. That's the only way in which people will get rid of poverty through Bitcoin in my view. Always remember that nothing is guaranteed on Earth.
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Personally I believe that mining is not viable unless you have access to cheap electricity fees or you can are a big entity that can get big discounts at purchasing mining hardware.
Furthermore I wouldn't get fund any investment that is not already profitable aka I know it is going to make me money. Why risk your money on mining when you will most likely get better results by just buying it.. I am not a fiancial advisor so treat my opinion accordingly.
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allocating certain amount for gambling is not foolishness but discipline i think,and for me this is one good way of helping our self not to turn addict because we can control our emotions from betting wildly with no specific amounts. and i have known gamblers who's doing such same as mine and i can tell you that it is effective because i can be contented even only winning 100$ because i knew my capital is also smaller.but also indeed that donating 1$ is better than not donating at all
Fair enough. Maybe that was not the right way I express my thoughts and yes discipline is a much better word for it. However the addictive gamblers don't stand a chance at being disciplined - that's why they have the addiction - because they can control themselves and their emotions, but I believe donating for a good cause may wake up something better in them that might change their perception of gambling.
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If you look through an investor's eyes it is much more riskier to keep money in fiat then to invest. I mean look at the inflation. In some countries you lose even 10-20%/year just by holding the cash under your matress. That's not acceptable! We need a replacement that it is both a store of value AND an EFFICIENT way to make transactions around the world. Bitcoin is the perfect solution for this + it is not centralised(controlled by any central entity) like USD,EUR, GBP, etc. are.
Most of us have jobs that are paid in fiat so in my opinion the best way to handle the situation is to get rid of the fiat as soon as you can. Be it for personal needs or especially for investments. It can be everything from good quality stocks to bonds, real estate, gold, you name it.. but you need to seize that value asap.
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To be sincere the Gemini exchange inspires me the most confidence as they are based in New York and run by the Winklevoss brothers. But there are many reliable exchanges out there that work very well like Bitstamp, Bitfinex or Kraken. If you'd like to be more on the safe side I recommend using an exchange with KYC/AML procedures and first of all DO NOT HOLD your cryptos on exchange accounts.
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