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1441  Bitcoin / Press / Re: [2019-06-07] Bitcoin Is Becoming A Safe Haven For Investors – Peter Boockvar on: June 07, 2019, 09:47:35 PM
Not really impressed by these statements during a price rally.

Where were these people with their bullishness when the price was on its way to drop below $3000? These sentiment surfers are leeches only out to whore themselves on social media as some kind of gurus or experts. Let them put their money where their mouth is and come back predicting the price to do this or that. Talking about Bitcoin without holding any is silly.

If these people were so confident about what they are saying they would trade each scenario they think is due, but they don't.
1442  Economy / Speculation / Re: James Altucher: Bitcoin At $1 Million By 2020 Is Still Possible on: June 07, 2019, 03:05:13 PM
Can we at least first hit $100,000 before we start talking about $1 million?

These fools have only their outrageous predictions that makes them interesting to invite for mainstream media brands, because what else do they have to contribute? They don't even have that much of a position in Bitcoin at all. We should pay attention to the smart money, not to broke ass drug addicts and other cringe worthy individuals.

I like Daniela Cambone (the only reason I follow Kitco). She at least has a clue about the market and you can see that she has her doubts when talking to that clown.
1443  Economy / Economics / Re: First licensed crypto-BANK! on: June 07, 2019, 02:22:55 PM
I think banks should not get into crypto since the reason why crypto was started in 2008-2009 was because of the 2008 banking crisis, those dudes made horrible mistakes with mortgages and put all those toxic ones into a bond and sold that and even made those bond together and then sold that leveraging their already horrible positions to a spike and then they crashed, what happened afterwards? None of them got punished for it and they even got bonuses for job well done and everyone in the world paid for it, I am sorry but if crypto becomes a bank like that I will start using fiat instead of crypto.

It's not about whether you think they should get into crypto or not, it's just about them considering it a viable move, and it definitely is. If you support freedom, you also should support the fact that ANY entity can enter and use crypto. We may not like them, but the good thing is that we don't have to deal with them if we don't want to.

As long as you have your private keys securely stored offline, they can't do anything to cheat on you or take your coins away from you. We just have to accept that there are a lot of people who don't want the responsibility of storing their own wealth. They either think they can't do it because it's too difficult (which it can be in case of crypto), or they don't trust themselves for whatever reason.

Let people do as they please. Don't like a specific service then don't use them.
1444  Economy / Economics / Re: Does it helpful when blockchain integrated to government system? on: June 07, 2019, 01:56:46 PM
BTC might be more suitable for a store of value, to replace gold, even though many people argue about this idea. People like Peter Schiff lol

Peter Schiff is fighting the good fight, but unfortunately he's soo obsessed with Gold that he doesn't want or can't see how Bitcoin is a useful alternative. Yes, Gold has a major advantage and doesn't need to prove itself, but that doesn't mean the new generation will continue to hop on the Gold-bandwagon. Bitcoin appeals to the new generation way more because they grow up in a time where everything is based on tech and digital alternatives.

I think the average nocoiner-joes will only accept Bitcoin being a store of value when their government starts buying it up just like how they buy up Gold right now.
1445  Bitcoin / Bitcoin Discussion / Re: Are Bitcoin ATM's reliable? on: June 07, 2019, 11:33:49 AM
I have never heard of the same problem with other bitcoin ATMs though (not even with the normal ATMs even).

I have seen legacy ATM's mess up badly too.

Some spit out twice or tiple as much money as you commanded it to withdraw, where others don't spit out money at all. The latter is the worst error because you have to provide evidence that it didn't spit out money, but where is your evidence? You need to be lucky enough to have the camera be pointed so that that it can see whether or not it spit out the money. Most cameras are only pointed so that they record your face.

In the end, software steering hardware to do X or Y can and will mess up at some point. It sucks for the ATM operator though.
1446  Economy / Service Discussion / Re: Run and own your personal Bitcoin full node! on: June 07, 2019, 11:02:32 AM
I'm sure your intentions are good, but honestly speaking, you're trying to invent something that has already been invented.

I don't see much of a difference between my mobile client connecting to X node or my mobile client connecting to your node. I still have to trust your node just as much as I have to trust the X node.

I rather use nodes that a client such as Electrum or GreenWallet suggests me to use, than a node set up by a brand new service.

Another thing is.... What's the purpose behind this? It costs money to develop and host, where and how do you make your money?
1447  Economy / Service Discussion / Re: LocalBitcoins Cash-in-person trades removed? on: June 07, 2019, 10:53:37 AM
I would say it's the other way around, online someone can easily send you money from a hacked bank/neteller/pp/etc. account, or claim they got 'hacked', chargeback, etc. With cash things are a lot simpler, count the money, release the coins, bye.

LBC themselves admitted they had to remove local cash ads due to not being able to remain compliant with new regulations: https://twitter.com/LocalBitcoins/status/1135872083962081281

It wouldn't surpise me if LBC goes out of business at a later point in the future. I'm strongly of believe that what we have seen so far in terms of regulations, is just a glimpse of what we can expect later on. It's not entirely bad because this will fuel 'underground' services to pop up that are way harder to take down and people will have more freedom to transact as they please.

I also prefer to see multiple smaller sites than a big one like LCB that's easy to force your will upon as government. It's a shitshow really.
1448  Bitcoin / Press / Re: [2019-06-06]President of Brazil Jair Bolsonaro: ‘I Do Not Know What Bitcoin Is’ on: June 06, 2019, 10:21:15 PM
I don't believe this president at all. It has gone through one of the most pumpy bubbles in history and he has no clue about what Bitcoin is?

What I'm thinking is that he tries to play Bitcoin down by pretending to not know what it is.

The president of Brazil is not a forward thinking person. With a population that size they should be competing with China but they are just a bunch of economic n00bs who will go no-where except the beach.
Based on what should they compete with China? China is one of the most active investors in Brazil and pretty much any other country in that region.
1449  Economy / Economics / Re: Cryptocurrency, KYC and Terrorism on: June 06, 2019, 11:58:32 AM
Do people really believe in terrorism and drug wars? Someone (read corporations, governments) created terrorism and drug wars to fight with imaginary enemy!
I don't think terrorism or drug wars are created at all. Governments might be reluctant to actively fight against them in some cases, but is there any evidence you can provide me pointing at how these groups are created by corporations and governments?

I mean, sure, certain industries do benefit from wars because they can sell a shitload of weapons and whatnot, but that's just the result of cause -> reaction. Where there is a problem, businesses try to sell you the potential solution. That's how basic economics work.

Same thing you can apply on pharmaceutical industry, they create diseases and they sell you "the cure" later, that never heal you, just keeps you ok while you using it.
What if there really isn't anything that can cure certain diseases but only allow you to buy time? The richest people in the world die from the same diseases regular folks die from. They can afford better treatments in some cases, but these treatments are also available to you if you have the money.
1450  Economy / Economics / Re: Cryptocurrency users statistics on: June 06, 2019, 11:41:22 AM
Why is Binance having a fee when listed on exchange is lower than Huobi? Huobi is also a big exchange but its volume is not as big as Binance. even, Binance only lists really good altcoins on their exchange, and Huobi still has no rigorous tests like Binance.

Huobi is a very shady exchange. It might seem like a big exchange, but most of the volume they generate is fake done through wash trading (i.e. buying and selling your own orders repeatedly). This means that Huobi isn't making a lot of money, and therefore needs other streams of income to get that money.

Huobi some years ago generated like 1-2 million BTC in daily trading volume when the fees were zero. After the PBOC (People's bank of China) cracked down on the exchanges in China, the volume of Huobi dropped to just ~10,000 BTC on average. Giant turned out to not be a giant at all. Asian exchanges are copy cats and cheaters.
1451  Economy / Speculation / Re: Bitcoin about to go really high on: June 06, 2019, 11:14:18 AM
See dude,
First of all Bitcoin is a type of coin that is really hard to predict.
Secondly if you see at the early phase, it was increasing.
But compare to last 4 to 5 days,  the price is way down.
I am completely worried by seeing the downfall of the coin like that.
Lets hope for the best and wish BTC will rise high again.

I'm more worried about you.

The way you talk about a simple and healthy pullback isn't normal. It tells me that you are not equipped enough to be in this market.

We went from $3000 to $9000, is it that difficulty for you to understand that the price takes a step back? Unless you went all in around $9000 (which I hope you didn't) you should be happy that the price is going down. Buying lower is always better than buying higher because you get more bang for your buck. Common sense it is called.
1452  Economy / Speculation / Re: Long term advance notice! on: June 06, 2019, 10:11:54 AM
This message from Shelby is very interesting. The issue is even more complex than what I believe it was.

The recent versions of the core wallet are only distributing adresses starting with 3. Do anyone know if its possible to generate adresses starting with 1? Most of my stash is on those old "legacy" adresses, but I dont know if any fractions that I move from adresses starting with 3 to these old adresses would be valid (in face of what Shelby explained, assuming its true). Any suggestions?

Through the main Core interface it by default generates an address starting with a 3 but can check a box to generate a bc1 address. I don't see an option anyhere that allows you to generate a legacy format address. I'm not sure if there is a certain command that you can tap into to generate a legacy address, but you can always install a pre Segwit version of core that can be found here; https://bitcoin.org/bin/

Bitcoin Core clients are backwards compatible so you're most likely good to go, the only question is how safe are the older versions today.... If that's not an option then there is Electrum that you can use. They allow you to choose which address format to use.
1453  Economy / Speculation / Re: $10000 is just around the corner it seems. on: June 06, 2019, 09:58:23 AM
I feel like we are not just on a bull run but we are recovering from that bitcoin cash hash wars that we once was at around 6.5k-7.4k and then dropped, we just went back to that and not back to 20k times. We need one more big push somehow from someone in order to break this resistance once and for all.

Why would we go back to $20,000? Makes no sense this quick with how this is our first rally after a +1 year bear market.

The price did better than most people expected this year. I'm sure there were a lot of people who didn't believe we would go over $6000 this year before we got the April pump to $5000. Right now the same people seem super disappointed why it's not going up further. Just be happy with what we have for once. It can always get worse. 2018 was such a year. $6000 was boring people said, well, how boring was $3000?
1454  Bitcoin / Press / Re: [2019-06-04] Apple Embraces Bitcoin on: June 05, 2019, 12:25:08 PM
A whole article dedicated to a simple Bitcoin symbol.  Roll Eyes

It has nothing to do with Apple embracing Bitcoin. It's called progress. They pick up on anything they think might be of interest to people using their products and include that in their symbol set. They have been adding new symbols for years now, so nothing special.

The only 'good' thing about this is that the mainstream media attention for something so irrelevant makes Bitcoin at least gain some exposure.
1455  Bitcoin / Press / Re: [2019-06-01] Bitcoin as healthy as ever as the network hits all-time high mining on: June 05, 2019, 11:31:37 AM
My logic was that in case the difficulty increases, then the miners will be needing mining rigs with higher hash power. I thought that only the large scale miners would be able to afford those. But if your post is correct, then the share of the larger mining pools is going down.
It all comes down to how efficient your operation is. Bitmain as large as it was, has proven to not be efficient during the bear market and therefore needed to shrink in size. They went from ~40% dominance to ~25% but have had a recent surge and now hover around 32% due to the price pump.

I don't want any 51% attack with Bitcoin (just a few days back we had one with BCH).
That was not really surprising to be honest. BCash network is vulnerable with how many entities within the Bitcoin space can attack that chain. Bitmain and BTC.TOP attacked their own network. At one moment both entities controlled like 75% of the total network, closer to 90% if you add Roger's pool.

I'm sure that when Roger or Jihan for whatever reason make a mistake and lose a large portion of their funds, that chain will be rolled back faster than you can blink with your eye.  Cheesy
1456  Economy / Economics / Re: Crypto to trigger a global bank run? on: June 05, 2019, 11:09:41 AM
The crazy volatility of cryptocurrencies constitute one primary reason why they can never replace fiat currencies,
Volatility is a short term concern. Most people don't use crypto for payments anyway, which is actually a good thing because it will allow Bitcoin to mature and become stable the bigger and more liquid it becomes.

In Venezuela people were better off buying Bitcoin at $20,000 and ride it down than hold their own fiat currency. Bitcoin despite its 85% correction from top to bottom still did better than their fiat currency.

but there are more pressing factors such as internet usage. Cryptocurrencies existence is mainly made possible by technology and the internet. With a device and access to the internet, almost anyone can get into the cryptocurrency game.
I'm not sure if you're up to date with the age of digital payments, but in most well developed countries people use their smartphones to pay for goods and services. In this case if your internet doesn't work, you can't spend the money you have in your bank account. Not much different from when you don't have internet and try to pay using crypto.
1457  Economy / Economics / Re: Gold exist 1000+ years. while bitcoins exist 10 years. on: June 05, 2019, 10:08:04 AM
I do not agree with your opinion. Bitcoin really doesn't have any value, blockchain technology is now a valuable thing.
Stop watching mainstream media. You clearly got brainwashed. The only reason blockchain technology is valuable or exists in the first place, is because of its decentralized nature. Bitcoin is the prime example of that. You don't need a blockchain if you operate a centralized network. Databases are perfect for that.

Bitcoin doesn't even get the best technology upgrade, so how can it be a valuable asset?
I always believe in developing altcoins and want to expand the potential of the blockchain. In the future, we will not see Bitcoin in the first place. When investors really participate in the crypto market, they only choose businesses that own the best blockchain technology.
Mind to share what you consider 'the best technology upgrade'? There are already altcoins offering faster and cheaper transactions. No one cares.

It really seems to me that you're sour because the fees have grown past what you are generating through faucets and whatnot. Perhaps an idea to spend your time in a more productive/rewarding way?
1458  Economy / Exchanges / Re: Binance to open Singapore fiat-to-crypto exchange in April on: June 05, 2019, 09:47:01 AM
Look at where they moved their head office to too, which is Malta, Malta is also a very small country and I learnt that they are also crypto friendly, if these countries sees nothing wrong in crypto, why is America and other large countries feeling threatened about it, and I guess it is just because they want to keep staying in control.

The smaller the country it is, the less it has to lose, because in most cases small countries only have friendly regulations to offer as form of competition. By offering friendly regulations you're more likely to attract businesses looking to escape from the tyranny of countries such as US, China and Russia.

The US has its monetary policies it wants to protect at all cost, and I can't blame them for doing so. It must be frightening knowing that with Bitcoin there is a completely new type of financial system that potentially could render them obsolete.

At the end of the day, it has to be profitable for an exchange to settle in a certain country. Taxation wise and user wise Singapore seems to be a fairly crypto friendly country to settle in.
1459  Economy / Exchanges / Re: Any new exchanges lately? on: June 05, 2019, 08:31:39 AM
My bank charges 45 per wire and then another 5 on the exchange side. Adds up quick.

Sad to see this still being the reality today.

I can totally understand that if you're dealing with relatively low amounts that you need to find an alternative. Aren't there any local exchanging services available? Usually they take a 1-2% cut, but that's well under what you would pay when wiring your money at a $45-$50 fee to whatever crypto exchange.

This makes me appreciate how much of a privilege we have here in Europe. I can send money to Bitstamp at no cost through my bank. We also have a wide variety of local exchanging services offering instant Bitcoin purchases.
1460  Economy / Exchanges / Re: Cryptopia !! on: June 05, 2019, 08:04:39 AM
What happened shows that any user should withdraw their funds from the exchange after they've finished their trade.

I think that what happened is more an indication that people don't care and almost beg to lose funds. We have had so many examples of why people shouldn't leave any coins on an exchange, but they still continue doing it. This to me is a clear indication that we're dealing with a bunch of lazy imbeciles.

There are even safe clients out there that allow you to securely store the worst possible shitcoins, so you don't have to leave anything on an exchange at all. Most shitcoins also have fast confirmations so you're not losing much time either sending them back and forth for trading purposes.
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