I think these game developers are more focussed on "selling" their own game tokens than having to deal with Bitcoin and it's capped coins. Just imagine if you had the ability to create tokens, by just editing and configuring a few parameters in your own database. <Infinite supply of tokens> You also do not have to worry about spam attacks and confirmation delays. Your main focus is just to protect your proprietary database and the generation of the game tokens. <not getting hacked> The Payments are handled by Banks and PayPal, so you do not have to protect a wallet or cold storage. The tax implications are also easy, because the payment services are dealing with the complexity of currency conversion. You also deal with something that are already defined as a currency. <Not like Bitcoin that are not accepted as a currency in most countries> Is the LN capable of handling that kind of volume? Nobody knows, because it is still experimental technology.  I think the largest volume MMO games have been seen to be suitable for Ethereum-based token transactions - and that's a lot less than the capacity of LN. Of course, Cryptokitties and now POWH are showing that on-chain transacting isn't going to be good for games who don't want to annoy players with delays and spiking fees. You're right though, most MMORPGs now are reliant on the same in-game currency models (expanding them as the only way to attain customer loyalty). Player attrition is the focus of their attentions but if LN could be used to facilitate that, I don't see why games wouldn't want to implement it. They don't always have to deal with complicated US regulations too... there are quite willing markets in Latin America (2nd fastest growing gamer community). |
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Sounds easy, doesn't it? Don't think any of us here haven't at least fantasised about doing exactly that sort of thing, doubling Bitcoin balances with a few flips, taking advantage of the swings we know happens with Bitcoin on a daily basis. But the reality is that all strategies only work in hindsight. Theoretically even, everyone doing it at the same time just wouldn't cut it out - for every maker there has to be a taker. Or several makers for a taker and vice versa. The novice thinks he can be the one initiating this. The experienced trader understands that he can't game the market, and relies on patience and discipline (take what you set out to, lose what you were ready to). Mate the market cannot be predicted just by it's volatility and nobody can stabilize the market. So if you are just basing on color red and green then the money you have will not be doubled in a short period of time if you don't no how to make it roll in trading. HODLING and waiting for the green line is a good attitude but money is taking too time.
Buy more Bitcoin and then trade to altcoins and every 10 percent you earn you set aside to HODL, in just a month if you keep 10% earning in trading then you have 300% of your earnings and then last day of the month get 100% of the earning you keep and add it to the money you roll.
Easier said than done, buddy. Holding is probably the only strategy suited to most people, for as long as they have the patience of years. |
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That's pretty old news... the days of Bitcoin being associated with the underworld have long, long gone. Any hype the media picks up and blows out of proportion is usually old, usually cyclical. The same analysts (Elliptic) have been putting out quite a bit of research on illegal use, and it was at least as far back as 2016 when Bitcoin stopped becoming the (crypto) currency of choice at least by dark market traders. Silk Road should have taught them all a lesson about how unsuited Bitcoin was for illegal purposes.
They'd moved on to Monero for specific trading, while scams, hyips all moved to small brother Ethereum. Much less than 10% of Bitcoin transactions then were illegal, so no surprise that it's shrinking. Carry on, then.
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Yeah toke's right bout overpricing. Liverpool's regularly buying overpriced players simply because every time they bought, the selling team knew they were flush from selling their stars. Not that I'm saying our latest is overrated at all. Van Dijk is exactly what we needed and at least he isn't the facepalm guys like Benteke and Carroll were... With all due respect!
I seriously hope they win the Champs League, it would go a long way towards getting stars to stay. Bleeding Torres, Suarez, Sterling, Coutinho... Could have held on but at the same time we want the players to want to play.
Top priority is a keeper. I know Roma says they're hanging on to theirs but I sense something a brewing there.
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Curiously, the story that I just read on the same Barclays UK but the article specifically mentioned that Barclays' own announcement seemed to deliberately avoid any mention of cryptocurrency. In fact, it just skirted around the whole idea not even really committing to blockchain, just "disruptive technology".
The sound out could just be a safe "wait and see" move. Though if the bank wants to keep up with the Santanders, shouldn't be too long before they decide. There's enough ppl here complaining about UK banks slow to crypto up!
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Not sure if they're from riches to rags, there's still a bit of volume there and they haven't locked my account. Forced me to reverify after classifying me as a legacy user but other than that, all looks well... If subdued.
They were really active as Bitcoin began its bull run last year. I was making decent profits from loans as the demand was huge. Double digit interest for just a few months mid last year. Probably another similar environment for Bitcoin would prompt another flurry of activity there.
Just goes to show nothing is forever, I guess. Support, or lack of, is what kills these giants.
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OP, I wouldn't be so bold, even if you've already collected 60 activity points, to throw away a 2-month old account if your prediction doesn't come through would still be a waste of resources  The long bull started years ago, and even if you consider the periods of spikes Bitcoin's had over the past five years, last year was just demonstrative of that pattern. Should really stop thinking in terms of weeks and months, and stop the fixation on price. Focus instead on how far the tech has come and continues to grow. I've only been using Bitcoin properly for a year and a half and the changes I've experienced are nothing short of amazing. It excites me to see its usage evolve, excites me to see how many more ways I can use it. You should get excited about that too. Unrelated to this topic. This may seem to be my new account, so am giving it my all . old one - > hacked , reported to mods (passed a few months now , nothing happen) https://bitcointalk.org/index.php?action=profile;u=51664 Sorry. I obviously meant that as a joke... in probably unclear reference to all the accounts who make bold predictions only to slink away into the shadows when things/markets/prices don't go their way. Didn't mean to poke fun at you in a bad way, hope you got that. Guess my point is that, pretty pointless to claim credit for bold predictions. You either make it (eventually) or you don't. And that doesn't really increase your standing as a "Bitcoin price expert". They've got a saying in journalism that you're only as good (or bad) as your last story. I see it the same way for traders. |
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@Supremo: well done on your position, I do hope you make it there. As I said, I am a bit suprised two of the most prolific tipsters in the forum seem to have dropped out of the race, that's at least three weeks CarlesPuyol got 0 (I can't believe that haha) and ajaxmoor dropped off a while ago.
@hilarious: I never took you to be this good at EPL... that's NOT backhanded!
@LFC: other than LFC, I have a soft spot for Newcastle, not least because Rafa's in charge. I also still follow Leeds every now and then? Spurs is probably the only other current "big" team I root for if they're not playing us. Not lately with what I feel is a lot of diving though.
P.S. guys I totally forgot predictions for last night's 1-1 draw... there're more games this week so don't forget, there's 4 up on BBC now.
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There is nothing to be sorry for. If people spent a good 10 to 15 minutes just doing some basic level research, one would instantly get demotivated due to all the complaints against genesis mining.
It's not just a few hundred bucks we're talking about. If I am going to invest a few thousand bucks in something, I'll browse through every possible corner of the internet to find out what's going on with that specific site or service.
If what I read about that site or service makes me doubt whether or not it's a good investment, then I simply ditch it and look for an alternative. If I see red flags pointing out how scummy that entire industry is, I will not even look further.
People keep forcing themselves to invest in cloud mining, which is just ridiculous.
I would hope one day I would become so wealthy that it only takes me 10 to 15 minutes to make a decision on $4,000! It's frightening to see the amount of wealth just flowing into anything remotely crypto related - and to me cloudmining is possible the remotest thing related to crypto. I'm really tired with hearing all these scam companies get away with it. They're still pulling a lot of weight and their reputation has hardly taken a dent in the corporate world. Hope these lawsuits get their act together and smash Genesis with a huge class action. I know the people who invested are to blame, but perhaps we underestimate just how easy it can be to fall for scams like cloud mining... even with research. Yes, one's born every minute but still... |
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Hello peddler team! I didn't realise you'd actually checked in here after my earlier comment last week. I note your point about legacy fiat systems, but if the merchants accepting crypto insist on a fiat conversion, then they lose out on the actual benefit of something like Bitcoin. They have to understand that the risk of devaluation is just as big as appreciation... So 15 mins or 1 hour confirmation time is really no big deal in the scheme of things.
I would also encourage true crypto adoption... Do away with the fiat conversion and integrate some form of escrow for crypto purchase on your site... Why not use crypto the way they were meant? Good luck.
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It's possible sure. But we've seen a double bottom at around 6000, and furthermore the last drop to the 6000s stayed around there in the 6000s/7000s for a few weeks and volatility dropped, indicated that the price discovery for bitcoin's bottom was seemingly at an end. It's bottom was discovered so the price volatility dropped a bunch and it hung out there for a while. Now we are getting the boost off that bottom. This is likely the start of the inflection point from bear market to bull market. Not that is gonna go straight up, I expect it to take a couple of months to really put this floor behind Bitcoin and get back over $10k (though it could happen quicker). I think we've likely seen the end of challenging the floor in the 6000s. The rest of the year will probably be a gradual and rocky climb back to $20k.
Two months to reach $ 10,000 is a lot. I think in two months, the price will be around $ 15,000. At the end of the year we will have a price of 25-30K dollars. This year will be successful for bitcoin. The most difficult period we have experienced. Now you can relax and enjoy the flight to the moon.Spoken like someone untethered to reality. There will be many ups and downs during this flight to the moon. As the market is just starting to turn around the true upwards momentum is unlikely to start for a while. Sure bitcoin could hit $10k in the next few weeks, but it could easily drop to $8k again after that. The road will not be smooth. It will almost certainly take a lot more than two months to achieve a price sustainable over $15k. Many people in the market still think bitcoin will head lower. In fact if it did reach $15k in two months that would be a very strong sell signal in order to buy in a few thousand dollars lower on a drop from that quick rise. It will take months before a bullish sentiment totally takes over the market again. Probably the case with most people here. Those who are vocal anyway. Past performance has untethered people from reality. Bitcoin confounded even the most prudent estimations in 2017, left guys like me afraid for the crash that eventually came, and then the miserable hope of incredible and speedy recoveries. Worst thing is, it will probably come, and then they'll forget the pains of today. Sorry for the victim, no sympathy for the fool. |
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As HeRetik says, local laws apply.
This is how you confuse Bitcoin as a means of exchange and real estate purchase as a commercial activity. It should matter very little to the government what buyer and seller have agreed to exchange as property, this will all should be specified in a legal contract recognised in your jurisdictions. You could buy the house for dog poop for all the government cares, if you both have a legally binding agreement.
Get a simple lawyer to draft up the agreements and act as witness when you both sign. If the seller reneges on his deal, you're protected by the law's recognition of your rights to claim, based on the contract.
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The Bitcoin forks might see Segwit as "bad news" for them but it's not like they didn't see it coming. In fact, some were against it (still continue to poke at it trying to come up with faults). Certainly, their purported benefits of cheaper and faster ring less and less true now and they will struggle to find better technological improvements that have anyway always been the hallmarks of Bitcoin.
Scaling will probably not be far from the agenda for a good many more years, centralisation of hashpower would seem to be next forking motivation, judging from the 25 forks or so already planned this year.
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OP, I wouldn't be so bold, even if you've already collected 60 activity points, to throw away a 2-month old account if your prediction doesn't come through would still be a waste of resources The long bull started years ago, and even if you consider the periods of spikes Bitcoin's had over the past five years, last year was just demonstrative of that pattern. Should really stop thinking in terms of weeks and months, and stop the fixation on price. Focus instead on how far the tech has come and continues to grow. I've only been using Bitcoin properly for a year and a half and the changes I've experienced are nothing short of amazing. It excites me to see its usage evolve, excites me to see how many more ways I can use it. You should get excited about that too. |
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Year-on-year. Just think about that for now. You're probably fortunate you bought in at the time you did instead of a couple of weeks or so earlier. Everything is about perspective, and the perspective for Bitcoin is time. You've seen it for yourself now, haven't you? You sold barely three months after buying it. Look around you, in this relatively short time frame, Bitcoin has been good to people willing to have patience, while those who couldn't wait have been stung repeatedly.
aardvark puts out a really good point too. You've got to have the stomach for trading. Bitcoin markets are scary as hell to watch.
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So I guess all it'd take now for Bitcoin to moon is if the Vatican buys the pope a Bitcoin hardware wallet to receive alms? Or maybe the Dalai Lama to advocate for suffering-free currency?
Been a long time since I saw religion take the credit for something like this, I suppose the expert analysts must really be clutching at straws now to find the reasons to explain the inexplicable. If you only knew how Muslims actually treat these rulings...
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Manchester United did lose to West Brom Albion today which was a shock since they were playing at Old Trafford. Nobody thought the bottom of the table would beat the ones who were right near the top but the Baggies did it.  So officially Manchester City are the champions for the 2017-2018 season in the Premier League. Congratulations on getting it done in the amount of games needed to do it.  Christ, and I predicted a 1-1 draw at Old Trafford, was expecting them to stumble but not fall flat on their faces! It's really atypical for United to emerge from such a fantastic game over City to fall smack down to a relegation team the very next game. Reminds me totally of when Liverpool won 4-3 and then lost the next game. Wasn't it to the bottom team at the time too? That's been the real difference with City I guess, their form has been consistent (apart from last week's blip) when the rest of the big 6 (still feels weird to say it) haven't. Congratulations in order. Not much left to watch in the EPL, relegation struggles don't interest me. Top 4 is more or less established, barring a mental breakdown from Spurs/Liverpool. |
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Well, it's not that fun when you gamble on the underdog and get it right only to have the score outdo you. Not worth the 10 points to up-end other people! Referring to my 1-0 Newcastle and Burnley win Predictions! Nevertheless, Liverpool's Tremendous Three gave me my 40 points of the week. My chances of a Top 5 finish are fading away for sure.
@toke I remember not picking ajaxmoor suspecting he would miss predictions but it seems my other horse CarlesPuyol has been missing his predictions a lot too... not going to complain about our sidebet of course. Just think it's a shame some of the best tipsters of the forum can't remember to put in their picks:P
@rickbig: well done!
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Smart contracts may be Ethereum's thingy, but it's not exclusive to that... one of my very earliest posts in this forum was because I was curious about Bitcoin and smart contracts, and someone pointed me towards projects (can't recall which) that already successfully used smart contracts on bitcoin.
That's the Omni Layer https://www.omnilayer.org/It's used for Tether and other things and I *think* it was around before Ethereum and ERC20 tokens came along. Thanks! This reminds me a lot about counterwallet, at least in the way assets are created on the Bitcoin blockchain (and the decentralized exchange). Used the CounterDEX myself a few times with quite some hopes that it'd pick up but it never really flew. I still even have a significant amount of assets on it actually, not sure if I should be embarrassed or proud of that... Anyone else find it strange that these types of layer projects don't seem to move on much? Or is that all happening outside of this forum? |
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Understanding Smart Contract for non technical person is impossible. I have worked on Simplest explanation for Students. Please do share your review  Then, this shouldn't be here in the " Technical" Discussion board. It's good, but the term " Smart Contract" is Ethereum's thinggy, so this should be in the Altcoin Discussion Board instead. Smart contracts may be Ethereum's thingy, but it's not exclusive to that... one of my very earliest posts in this forum was because I was curious about Bitcoin and smart contracts, and someone pointed me towards projects (can't recall which) that already successfully used smart contracts on bitcoin. I admit I never looked deeper, but it at least made me aware that smart contracts based on Bitcoin's blockchain wasn't just theoretically possible, it was already implementable even then. One thing I really wanted to use (which I still want to but haven't found) is escrow. Which I guess is everyone's natural first instinct to want to use smart contracts for. On this matter, does anybody know any smart contract for Bitcoin escrow? I see on Google Particl.io looks like it USED to do it, but it's not clear to me their current platform still does... |
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