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1441  Economy / Web Wallets / Re: blockchain.info wallet and import/export tab on: June 21, 2018, 07:47:31 PM
Hello

Sorry for my english. I would like to ask you, where do I find import/export tab? I create new wallet on blockchain.info, but I can not find import/export tab there. Where can I find it?

regards Marconi



Since your English is bad, then it would be better if you just watch the video. Its pretty straight forward and even in their FAQ sections though. You can try this video I found on YouTube which could aid your learning https://m.youtube.com/watch?v=hyr08lEcE8o but know that you cannot export the wallet you created on blockchain.info itself. All the best.
1442  Economy / Web Wallets / Re: xapo new transaction system of confirmation from them? security or headache? on: June 21, 2018, 06:20:54 PM
Recently while transacting some of my bitcoins from my xapo account I saw that now the transaction is not instant but the xapo team will confirm the pending transaction to be initiated after that the transaction will take place.
For me it not took much time but a few minutes.

For some people it is a more security as they will be more secured from hackers while some people do not like it and for them it is a headache.

What is your opinion about that system in xapo?

Almost every platforms that does not let you own full control, have some elements of back end and controls put in place is just ensure some form of security. Even on Gmail when you send a mail, there is a time lag in before its finally sent and when you can either undo, or call back the mail which sometimes have been a life saver to a lot of embarrassing situations. It could be long for some people but the day you make a mistake in sending a transaction and you get the chance to quickly reach out to support to stop it from going through you will appreciate the effort and control especially if the amount involved is huge enough to cause financial embarrassment.

What I think they should do in other to improve is just like Electrum that allows you to tick for whether you want a transaction fee to be final or not, same can be applied to confirm if you want your transaction to go without timing difference or not.
1443  Economy / Web Wallets / Re: blockchain wallet hacked and all fund has been taken out on: June 21, 2018, 06:01:55 PM
recently one of my blockchain wallet has been hacked and the fund has been taken ..i have send message to blockchain but still no reply form them ..is there any way i can get the fund back ??

not sure why this happen ..this quite bad

If it had been a brand new account posting this form enquiry, I would have asked for more information or discard it all together for just wanting to troll without having solid reasons because I must admit that this would be the first time that I would hear or read that blockchain.info wallet was hacked. The unfortunate thing here is that there is high chance that the fund is not coming back and blockchain won't refund you as doing so would amount to them that their platform is vulnerable to attacks thereby either ignoring your message or blaming you for causing the compromise. I hope the amount involved is not too much and its time you move to a more secure platform to keep your coins.
1444  Economy / Service Discussion / Re: Hashflare mining payout is Negative, Withdraw fund now!!! on: June 20, 2018, 07:56:08 PM
This is one of the many failures of lack of regulations. If it were to be in business world a business that is ready to manage peoples investment would be touted to be financially stable even before its being issued a license to operate, it would have made a huge deposit that would not be part of trading activities to be sure that they have a strong financial backing in case of unusual circumstances like this. In addition to that, there is a portion on deposit that would be insured and there is always provision to be made during the time of excess for the shortage period. Its so annoying that the managers of hashflare don't want to share the cost by transferring the increase in difficulty to their client to the extent of reducing their balance whereas they quick to share the profit with them with their ridiculous charges to be applied in other to maximise their own revenue.
1445  Economy / Speculation / Re: Bitcoin Price Jumps as Square Case gets a BitLicense from New York State on: June 20, 2018, 04:48:01 PM
Bitcoin prices have increased due to the fact that the state of New York approved a BitLicense for the Square’s Cash App that can now be used for Crypto Trading. The Square Cash App has approximately 7 Million monthly active users, as reported by Square Inc.

You Can Now Trade on Square cash  Just Read Here...  https://www.globaltechinsights.com/bitcoin-stock-jumps-as-square-case-gets-a-bitlicense-from-new-york-states-financial-department/


This is good news and I am happy to see some green happening after several days but streamlining all of the green that we have seen to this singular news will be an overreaching, overbearing reducing how the growth of bitcoin in its entirely. The green being witnessed has been happening in a graduated way since the past two days and alot I am just seeing this news now which means a whole lot of people might also just be seeing it without the news having any bearing on their trading and investment decisions.

Reading the entire article, I can conclude that the article is neither about bitcoin, or about the license neither did it talk about the rules and regulations that it is expected to comply with but more of self glorification on how the company has been able to soar in share price and becoming stronger with this new license that it has acquired. The sum of it is concluding that its license increase the price of bitcoin forgetting that its the 7th company such license to have been issued.
1446  Economy / Service Discussion / Re: Has anyone play at this site? on: June 20, 2018, 04:36:24 PM
Hi I found this gambling site and have won a few btc but I cant cash out because they want me to make deposit to get my bitcoin.
That should be enough to know that it is a scam. How will a site randomly allow you to win a few Bitcoins worth over $10,000 without doing anything? Roll Eyes

It's like the Nigerian Prince tell people they can obtain a cheque worth $10,000,0000 but they have to pay an international banking fee of $1000.

If someone can try it and tell me if it works please say. The site cryptonluxury.com  Let me know if any one withdraw.
Move on. You won't even get one single Satoshi.

Of course the question you should ask him was how much did he even deposit to win such amount of money. I believe he must have been carried away with the 'Free Deposit' that he can then win big thinking that its the way things work of course it does not because there are reputable gambling sites that which he can deposit and win which even have legit faucet that he can claim to start his gambling escapades. However, you would have made your statement without mentioning any nationality because crime and fraudulent activities is not domiciled to a particular country or race.
1447  Economy / Gambling discussion / Re: How to deal with multiple accounts and abusing faucet? on: June 20, 2018, 01:17:16 PM
Not so long ago, we simplify registration process at our site leaving only the username field...
As a consequence, we are faced with a problem of creating multiple accounts by the same user and abusing faucet (faucet at our site - 0.007 mBTC and only request every 3 hours when balance is zero).
Guys, what solutions do you recommend?  Huh
Thank you!

Its always discouraging to see people exploiting legitimate means of advertisement in other to build the business to the point of acceptance by the community and the unwholesome part of it is that such individual won't use such faucets to play thereby totally defeat the very essence of why the faucets is launched in the first place. Its unfortunate that there is no way to stop it as every form of suggestions has a loophole that can be exploited for this selfish reason.

However, there is a potent way I would subscribe to in other to ensure the act is frustrating and that is by reducing the amount that can be claimed within the amount to the least unit of Satoshi with that, faucets abusers would be discouraged because it would mean investing much time to earn little which would make it available for newbies trying to earn and the sense of wagering to earn more, would make them visit the site to try their luck.
1448  Economy / Gambling discussion / Re: How gambling can effect the economy of a country [Part 3 - Australia] on: June 20, 2018, 12:27:52 PM
Read the previous two threads on the same subject for USA and Macau. The links are given below,

Today, I am going to talk about Australia. It is another gambling heaven and this county has the highest rate of gambling in the entire world. Report says, at least 80% of Australian adults are engaged in gambling of some sort. Gambling industry contributes heavily to their state and country tax revenue. The employment generation is also on the higher side. Definitely dark side of gambling does exists, but yet, Gambling has contributed positively in Australian economy and we will see how,


This is huge and I am wondering how this country didn't come first in the list you are reviewing because for a country to boast of all of these statistics and the staggering one is having at least 80% adults involved in gambling should just spiral them to the forefront of countries to be reviewed. I actually need to commend you effort though in going beyond the normal by educating people about gambling in other parts of the world and also to cast a new line of thought to people who believes that gambling is bad or devilish simply because of their own moral, cultural or religious belief without considering the amount of good that it can do for an economy and the funny thing is that it cannot be stopped. When a country decides to ban gambling, it has just successfully shut itself out of the revenue from that source because people will find a way and with the coming of crypto-currency, it means that the loss is to another warming country which if used judiciously will continue to flourish in the midst of scarcity.
1449  Bitcoin / Bitcoin Discussion / Re: McDonalds has the same market cap as Bitcoin! on: June 20, 2018, 11:32:49 AM
Bitcoin is a baby in a big world!
Bitcoin is not as big as people think!

Its true based on what you are comparing with in terms of value of bitcoin and even there are some several not too known companies whose value could be more than the total amount of ETH or any popular crypto currency that we are all 'crazy' about. But beyond that, when value are being ascribe to certain items, its not only about the quantitative factors alone but other ground breaking barriers that are being met on a daily basis.

Today, several personalities are talking about bitcoin, Bill Gates will make comments and would be reported in the news, World Bank will make statements about bitcoin and lives will be touched, governments, regulatory bodies, experts, entrepreneurs etc but I have not read about McDonald being referenced to with so much relevance. I know that there are several countries that McDonald does not have outlets but I also know that all over the world with the exception with those without internet, bitcoin has touched more lives and continues to do that more than what McDonald would be able to do now or in the future.
1450  Economy / Economics / Re: 9/11 terrorist attacks and money wasted on movies on: June 19, 2018, 10:19:03 PM
I think this should belong to politics and society section instead of economics because this topic would largely tackle society as a whole, and not their money wasting habits on those you refer to as nonsense action movies. Nevertheless, I don't see any reason for us to criticize people for spending $50 or $200 on a single movie ticket to watch it because it is their way to relax and relieve themselves from stress.
I also felt that it should also be in politics and society or off topic but as right as that suggestions might sound, he still make mention of the economics aspect because of the amount spent in various cinemas watching these movies. Its even surprising that hero movies with the same story line of saving the day continues to have a world wide grossing of all time.


There were 9/11 terrorist attacks in which 4 large planes were crashed into 3 giant buildings by hijackers/terrorists. Still they show all those nonsense actions and fights in hollywood movies and other movies. Superheroes and action heroes saving the world.

Afghanistan war is in its 18th year now. Suicide bombings and terrorist attacks on military and police. Last year, 10 terrorists killed 160 Afghan soldiers in a single attack.

But people still pay $20 or $80 for tickets to watch those nonsense movies and the movie directors, production houses, movie theatres earn $100 million or $800 million from a single movie.

Money wasting is also economics.

After 9/11 attacks in USA, all the superheroes (superman, spiderman etc.. must have been scrapped)

You have made a very sound observation and I think most of those movies are really not about showing how to save the world but commending the efforts law enforcements agents are doing behind the scenes to ensure the streets are safe. They are not perfect but what they do in the dark to keep us safe, is more than those open to us after all, its only a safe society that movie cast can mount of their gadgets to shoot movies.
1451  Economy / Economics / Re: A small village strengthening it's Economy by cryptocurrencies. on: June 19, 2018, 09:49:23 PM
A small japanese village named, Nishiawakura is making their economy much more beneficial with the help of cryptocurrencies by launching a Initial Coin Offering. I think it is a best way to help some small villages to grow up with really good profits and also it might bring the cryptocurrencies some more close to legalisation.

The village is home of approximately 1500 villagers and and they unveiled their plans to launch a regional initial coin offering.
Report by coindesk https://www.coindesk.com/japanese-village-to-launch-nations-first-municipal-ico/

This is a perfect head start and i hope that several such villages can soon adapt this strategy to strengthen their economy

As happy as I was with the initiative being taken by the village in harnessing the potentials that ICO and crypto currency can offer in general, its was short lived by the article which was not detailed enough for anyone who is out to get succinct information for decision making rather than being referred to another site to know the basic details on what the project is all about. Raising ICO is really not the problem as it can be regarded as crowd funding but what matters is what the fund is to be used for and the return that is expected by those who believe in the project.

The article didn't state specifically what how the amount generated will be applied neither did it make mention of the expected returns. For me I would be a little bit skeptical because for a village with 1500 villagers whose primary source of livelihood is forestry, I won't be surprised if white collar consultants from the big cities are the ones behind the ICO using the community as a cover up to have a working project.
1452  Economy / Gambling discussion / Re: Why Always KYC (Know Your Customer) Why NOT KYO(Know Your Owner) on: June 19, 2018, 06:58:28 PM
Guys why should only users have to provide identity why not the OWNERS who up and run them??? (are they gods?)

This is especially for the casinos which demands for user KYC documents.


Its time to make things even. kiddo edwardoo are you lurking??


The reason why this is happening is because we are the ones going to meet them and we are ruled by our greed as to the incentive we stand to gain from using their platform even though we might lose in the process, the chance and hope that we might win is what is really driving us to them which then puts them in the position of strength and when someone is in the position of strength, he dictates the terms and conditions of the arrangement.

The only person to call them to order and ask for all of those details is when we have a regulatory body that would ensure that the information they collect are not abused. I submit my details to the bank without knowing the board of directors simply because I know that there is another body overseeing their activities which is the Central Banks and that is what we need in this field if not for stiffing regulations, but for control and oversight.
1453  Economy / Gambling discussion / Re: Gambling vs. "leveraged" trading on: June 19, 2018, 05:43:08 PM
Recently I tried leveraged trading for the first time at Bitmex, and ended up in a loss. It seemed similar to a gamble, where you deposit, place a bet and either win (and double) or lose everything. In leveraged trading, if you deposit & place an order and it reaches your liquidation level, you lose everything.

Gambling can't be compared to regular trading, as in regular trading, you don't win much and don't lose much either. However, if you're trading with leverage, then that trading can be considered something similar to a gamble.

What separates gambling from trading is simply the duration of winning and losing as both is about winning and losing just like every options in life that is about winning and losing. Focusing on gambling and trading, while in regular trading, you can quickly cut your losses when you see things not going according to the way you plan it, unlike gambling that the when an event happen, your status is already determined. In leverage trading that you have experience its just so close to gambling but not the same thing what makes it looks like gambling is because you are not allowed to alter your position after you have locked it in.
1454  Bitcoin / Bitcoin Discussion / Re: What will happen if bitcoin to fiat exchanges are banned ? on: June 19, 2018, 02:10:59 PM
Lets assume that starting in USA all bitcoin to fiat exchanges are banned. Will people be still interested in Bitcoins? I believe the applications of the blockchain are many, however, most people are attracted to Bitcoins because of its fiat value (or USD value). Deep under I believe that people are really not interested in the use of bitcoins in a decentralized platform/application but more interested in converting Bitcoins in to USD. Fiat currencies still seems to be the norm. Any ideas ??  

Of course the effect would be massive if conversion to fiat is disabled and its not something we have to start considering now. Its going to cause a massive blow in the current price especially if its done at the same time and effected by all the whole countries in an aggressive manner. But at the same time, there will always be away out. I know that there are some countries that major exchanges site don't allow either card or bank transfers while some others are not allowed fiat withdrawals but the trade still continues by people in groups doing using their local currency, banks, gift cards which is made possible by the availability of peer-to-peer sites and these has been working fine till date.
1455  Bitcoin / Bitcoin Discussion / Re: Had Satoshi Nagamoto made himself public, would BTC be where it is today? Why? on: June 19, 2018, 06:16:50 AM
Hi guys, I had this thinking out of a sudden when I see all exchanges and services surround cryptocurrencies asking for KYC documents!

I started to relate this to Satoshi Nagamoto and the inception of Bitcoin. The reason why Bitcoin is unstoppable, apart from its Blockchain Fundamental, another biggest reason would be that Satoshi Nagamoto is anonymous. Had he exposed himself at the early inception days of Bitcoin, the government/authority from all over the world, including the Rothchilds Familys, Dragon Fund and the sort would hunt him down and make Bitcoin a stillbirth.

So had any services and exchanges provider remain anonymous rather than exposing their company and their team just to please the public (avoid being called a scam), we would have a better Crypto Space now!

Whats your thought on this? Do you support the future Exchanges and Serivce Providers to be anonymous? And why?

If we are thinking about the potentials of bitcoin and not blockchain, I think if Satoshi has been in the open, we wouldn't have known about bitcoin or we know about it with reference with what happened in the past because it would have been killed longtime ago before it even get to be the talk of the society. One of the mystery that still makes it a subject to reckon with is the mystery that surrounds Satoshi and that is the cover given to every other crypto currency developer who has we know and decides not to be in the shadow. I watched the account of the liberty reserve creator and while we might have reason of him doing wrong, we only saw it because people in power deem it fit and the same thing would have happened to Satoshi if he had come out.

On the blockchain technology, I think the greatest that would happen is to win the Nobel prize or honorary doctorates degrees from top notch universities then be listed in Forbes that's all. In all the benefit of staying secret out weights the benefit of coming out because of the number of lives touched following the former path.
1456  Economy / Economics / Re: How much money and bitcoins do you need to influence the price? on: June 18, 2018, 08:37:21 PM
So, the latest buzzword in Bitcoin is manipulation. Has anyone worked out how much money and bitcoins is needed to trigger

a change in the buy and sell behaviour of traders on exchanges? I know the Silkroad Auction did not make a significant impact

on the price and the same goes for the odd coins that were sold from the MtGox hoard. How many coins can individuals dump

on exchanges to push the price down like this? How long can they sustain such an action to sabotage the price? These are

questions that are very relative at the moment.  Roll Eyes

If the SEC says that the high price increase of last year was manipulation, then they must bring the proof. Let's do our own

informal assessment of the situation and determine what would be needed to cause that kind of a spike in the price.  Wink

Its not to totally ignore the conclusion made by SEC because the facts that surrounds it even suggested such not in totality though because at that time, a lot of people were also skeptical on the forum too with discussions surrounding the sustainability of such increase and how it would be better for the increase to be systematic rather than sporadic that was witnessed at the time. I personally preferred the former than the latter.

On the amount of money that would be needed, I think its not only the amount of bitcoin but rather the surrounding and timing effects. For example, if SEC made a pronouncement on the negative, a dumping of 100bitcoins is enough to cause damage as other people will have to fall in line not relying on the 100 bitcoin, but the pronouncement by SEC which does not even have any effect in the first place.
1457  Economy / Speculation / Re: Bitcoin will explode! on: June 18, 2018, 08:04:25 PM
Sudden price decrease keeps happening these past few days and the same scenario happens last year before the hard fork in August.
I feel something will happen few months for now, and I think a great pump which will mark another history will have to explode soon.
I want to be positive on this and keep my investment growing. How bout you guys?

While I have no qualms against being optimistic about price increase, I think it should be based on objectivity and not feelings or historical happenings that facts around it have changed drastically. Around this time last year, it was uncertain whether the fork will be a positive outcome or not which led to the panic and people sell, price drops massively then the surge was about the "free money" that comes with holding bitcoin in a wallet when the snap would happen. I guess that is not what we are expecting now because focusing on that area as a source of increase in price has been adulterated that we can no longer keep count of the number of forks again as they have practically turned to jokes.
1458  Economy / Economics / Re: Why all people moan about the price of bitcoin? on: June 18, 2018, 06:08:54 PM
The answer to why people complain and complain is because majority came in with the wrong idea and they got beaten and thanks to two group of individuals

1. Those already in the system but ruled by their greed decides (which I have seen several here) ask people to come for training and pay on how they will be thought how to make passive income by just investing little amount in bitcoin and quoting how bitcoin price had increased to $19000+ plus also telling them imagine how rich they would have become if they had invested in January that same year forgetting that the same bitcoin held in January would have exchange hands several times which then breakdown the income to several people.

2. The other group is the media who blew the increment to a high heavens that every area you turn to, something is directing you showing graphs and historical analysis leaving out the uncertainty that comes with it. This then make people invest with high expectations and when its not met, they panic which is what we are seeing now.
1459  Bitcoin / Legal / Re: Does a Business selling Bitcoin charge VAT? (I'm not talking about Tax, CGT,etc) on: June 18, 2018, 02:14:16 PM
So hypothetically, say I have accumulated over the year 1000 BTC as a business owner. The BTC was bought with business money so its purely owned by the business (No need to get into personal tax issues). I then as the business owner decided to sell some BTC to customers through the business. Do i have to charge a rate of Vat on top of the amount I'm selling to the customer?


VAT in itself means Value Added Tax and this is mostly applicable to companies in the manufacturing sector, packaging businesses, and service businesses who add one value or the other. Aside the government specifically mentioned or the existing law in various jurisdictions are amended to include the sale of crypto currencies, the question you need to ask is "what value are you adding to your crypto currencies acquired over the years and now selling?" If you don't have a valid answer to that, then I don't think you are liable to pay tax.

However, not all businesses in the above category are liable to VAT as some businesses are specifically exempted from paying VAT which I believe sale of crypto would be included in the future because I have not seen companies selling fiat currencies charging VAT.
1460  Bitcoin / Legal / Re: U-turn on bitcoin? Government panel may allow cryptos with riders. on: June 18, 2018, 12:25:28 PM
Crypto-currency followers, here’s a piece of good news for you.

A panel formed by the government to look into crypto-currency does not seem to be in favour of banning it. Instead, it may suggest allowing crypto-currency with riders, ETNow reported quoting Cogencis.

On April 6, RBI through its notice titled ‘Prohibition on dealing in virtual currencies’, mandated banks, e-wallets and payment gateway providers to withdraw support for crypto-currency exchanges and other businesses dealing with virtual currencies (VCs) in India.

Banks, in turn, forced exchanges and traders to stop using their accounts for trading in VCs. This led them to approach the Supreme Court against the regulator’s move. The case is scheduled for hearing on July 20.
Lack of proper stakeholder consultation and absence of reasonable grounds to restrict any business are the primary provisions under which the RBI notice has been challenged in the SC.

Popular crypto-currency bitcoin fell to a two-month low on Tuesday, sliding in three of last four sessions on nagging regulatory and security concerns after the weekend hacking of South Korean crypto-currency exchange Coinrail.
The original virtual currency is nearing its lowest level of the year at just under $6,000 on the Bitstamp platform. It fell to a low of $6,500 and last traded 4.7 per cent lower at $6,551.48.

So far in 2018, bitcoin is down nearly 53 per cent, after soaring more than 1,300 per cent last year.


Read more at:
//economictimes.indiatimes.com/articleshow/64569000.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

The judicial pronouncements have been opening up another area of discourse that is making the regulatory bodies having some form of rethink in their decisions because they don't want to be seen as having a contrast position from the nation's judicial position. Eventually, the resting matter would be to come up with regulatory framework was outright banning would negate the founding principle of most countries that "Freedom" entrenched in its constitution.
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