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1661  Bitcoin / Bitcoin Discussion / Re: French police arrest terror financing ring that used Bitcoin coupons on: October 01, 2020, 05:59:59 PM
This happens usually in everyday because of its hidden engagements. The reasons for using bitcoin here is hidden transfer. I saw last week Twitter hacking using bitcoin payments. So now it is easy to collect for hidden transfer by using bitcoin payments system.

What hidden transfers? These days you have to buy coins somewhere. If you buy on an exchange you will not hide anything.

It was pretty easy to do (and still is) for old holders, people who mined their coins or got them before AML laws came into place. They still own coins that are not in any way connected with their real life identities.
1662  Bitcoin / Bitcoin Discussion / Re: Good Morning from a Non-Bitcoiner on: October 01, 2020, 05:50:53 PM
If non-bitcoiners are starting to spread around pictures and memes about Bitcoin it's all good.

I'd be happy even if they were making jokes about it but this picture is pure positivity. Tell him he made your day!
1663  Alternate cryptocurrencies / Altcoin Discussion / Re: How to see if a new coin supports mining? on: September 30, 2020, 11:36:15 PM
If the coin is already on the market you can go to coinmarketcap and open the coin's page.

Right below the name on CMC you'll have it's rank, webiste, explorer, a link to documentation and a few tags. If the coin is mineable it's going to be written there and there along with the type of mining like pow, pos, or hybrid.
1664  Economy / Gambling discussion / Re: Anyone know a dice game that is actually fair? on: September 30, 2020, 11:28:51 PM
Every Casino promote their service to be provably fair. Every Casino too have their own procedure to check the fairness of the roll. Just on the coincidence people believe in it. No one is sure, to what extent this is fair. With the trusted gambling site, it is good to spend unlike the fair functioning.

That is correct every casino has its own definition of fairness and that is why they use the word probably fair as according to them they are fair to the gamblers. Playing on a trusted exchange only gives confidence in their fairness policy and nothing more.

Every casino will claim to be "probably fair", even if they are not. I only prefer to play gambling on the old trusted casinos because everyone is sure about their fairness. Many new casinos may also be fair but it will take time when majority of the gamblers will trust them.

Did you guys just change provably into probably and start talking about it like it's the casino's definition of fairness?  Grin I just had to ask even though I know what i'm reading. It's so funny.

Provably fair is not their definition or anything. It's simply a way of making the rolls random and visible to the player but encrypted so that the player cannot cheat.
The rolls are fair but people rarely are able to stop playing after a good one.

If you registered on a site and put $100 in a single roll and won would you walk away? You'd probably try to bet the 100 again because you'd knew that if you lose you're back to your starting money.
1665  Bitcoin / Bitcoin Discussion / Re: For the record, the last time we had a presidential debate, the price of bitcoin on: September 30, 2020, 11:06:07 PM
Back in the year 2016, the price movement of Bitcoin was really crazy and I was among those that sold all their holding before the price was at peak cause I joined crypto that year with no experience. However, despite danger done by the pandemic I expect history to repeat it self next year.

You still did better than people who bought at 19 thousand or more and sold below 10.

Makes me wonder what the price will be in 4 years.

The beauty of the Internet makes it all on the record. When people were investing in stocks 50 years ago they were wondering just like we are now but there's now way to recall their exact words. Nobody knew what the prices will be and you could hear plenty of naysayers. Now you just can't imagine that somebody would not see the value in tech companies.
1666  Bitcoin / Bitcoin Discussion / Re: European Commission officially proposes regulatory framework for crypto-assets on: September 30, 2020, 10:54:05 PM
The regulatory framework? What exactly do they mean? Do they want to control crypto in Europe? Do they think they can handle it?

It's always about money and power.

Whatever the EU does it's to either give them more authority over something or make them get their share from it. Usually it's both.

That sounds a little dramatic.  I'm all for nation states being less powerful and intrusive, but at the same time, stablecoins are a ticking timebomb that will only get worse if something isn't done to make them less shady.  How many more scams do you really want to encourage?  Literally anyone can claim that their new token is backed by fiat, but if they're lying, the token is worthless.  It's a modern day alternative to counterfeiting.  You don't even have to make the effort to make illegal copies of banknotes, you just create a crypto token and say it represents money that doesn't even exist.  

Did I say anything that isn't true?

I know it's not always pure doom and gloom but how do you think they're going to determine which coin is good or bad? They'll ask everyone to apply for licenses and get money from it while having them all submit before their authority.

I don't like stablecoins but the EU is trying to regulate something they don't understand.

Nothing good is going to come out of this.

Does this mean that they are going to control crypto? Or is this regulation created for a different purpose?

Don't worry about it yet. They begun to work on this in the end of 2019 and it's going to take at least another year before the process is complete.
1667  Bitcoin / Bitcoin Discussion / Re: Why Nigerians buy bitcoin on loss? on: September 30, 2020, 10:22:29 PM
I found something interesting and believe this is the reason for his premium price.

If you go to a Nigerian exchange https://nairaex.com/# the price of BTC is currently
BUY:
4988558.36
SELL:
4913461.78

The price of Naira according to https://www.xe.com/currencyconverter/convert/?Amount=4%2C900%2C000&From=NGN&To=USD
is 1 NGN = 0.00262157 USD

So 1BTC is being traded there for 13000 USD when most exchanges have it for about 10800

Does this premium have something to do with the fact that Naira fell from 0,00275 to 0,0026 USD this year? Even then the premium shouldn't be this high.
1668  Bitcoin / Bitcoin Discussion / Re: BTC Twitter Mentions Dropped To 2 Year Low on: September 30, 2020, 10:10:41 PM
If the article writer was right, I'm really not surprised due to the huge hype around this "defi" thing. Funny thing is, it ain't even new! The Ethereum people on Twitter just simply made up a new hype phrase for their token ecosystem.

I feel like they're trying to pump a new thing every few years.

ICOs, IEOs, Defi... any name is good to make money and every time there's a flock of enthusiastic followers that come from god knows where and later complain on the forums and social media how much they lost on this new big thing.

I'm happy there's not much twitter hype for bitcoin. Usually twitter hype equals FUD and scam like it was with cloud mining and many other.
1669  Bitcoin / Bitcoin Discussion / Re: European Commission officially proposes regulatory framework for crypto-assets on: September 29, 2020, 11:01:58 PM
The regulatory framework? What exactly do they mean? Do they want to control crypto in Europe? Do they think they can handle it?

It's always about money and power.

Whatever the EU does it's to either give them more authority over something or make them get their share from it. Usually it's both.
1670  Economy / Economics / Re: IMPACTS OF ROBOTICS ON WORLD ECONOMY on: September 29, 2020, 10:41:50 PM
Today, truly robotic machines greatly facilitate human labor and reduce the time and difficulty of production in many factories and enterprises. The quality of the products and the efficiency of the production process have grown many times over and this, of course, greatly affects the economy by developing its potential. But if we talk about those robots that people are most likely talking about, which we see very often in science fiction films, then it will take a very long time until they appear, since today there is no point in massively creating and producing a machine that will visually remind a person, moreover, this is not a waste of a lot of money.

Because machines are just better workers.

They don't need to eat and sleep and can work all day. They don't get bored or tired. They will always excel in jobs that require repetitive motion.

I'm happy they're taking over jobs people had to do in bad conditions like packing frozen food.
1671  Alternate cryptocurrencies / Altcoin Discussion / Re: Telegram is trash on: September 29, 2020, 09:56:56 PM
Many teams do it. Nowadays the bans are more rare but they often delete messages and have stickies saying that FUD and trolling is not allowed.

If you say their coin might be a scam it's an opinion but to the team it will alsowas be one of the above.

It's not the telegram's fault. I use it as a messanger but coin teams are usually trash.
1672  Bitcoin / Bitcoin Discussion / Re: If all BTC Gets Bought Up? on: September 29, 2020, 09:46:22 PM
I can be sure that no one can buy all bitcoins, because so many bitcoins are still in wallets where the key is gone.
In case bitcoins are bought in large quantities by an organization or individual, the price will probably go up because the supply is scarce, but that is very unlikely.

Also, that's implying that sellers would even want to sell.

If there is a massive initiative (from whomever) to purchase all Bitcoins, I wouldn't be surprised if a few solo/group actors decided to hold on to the Bitcoin to inflate, or save Bitcoin in general.

You're right that would happen for sure but let's say they'd want to buy all bitcoins already available for sale. It also wouldn't be possible.

As the supply would shrink the prices would start to skyrocket which would as a result make it harder and harder for these buyers to keep up.

Say there's a million coins on an exchange for 10 thousand usd. Once they'd buy half of it the price would already double so the next 500 thousand would cost them over 20 thousand each. If they'd keep buying the last 100 thousand would be worth 50 thousand USD each and every bought Bitcoin would increase the price even more making the last coins on the exchange worth probably a million USD each.

People who would see these prices would start sending their coins to the exchange and putting them up for 2, 3, 4 million USD to see if those buyers will keep doing what they're doing.
1673  Bitcoin / Bitcoin Discussion / Re: Where do you store your seed? on: September 29, 2020, 09:37:23 PM
I have mine in 2 different places. One of them is an old hard drive because they don't degrade as easily as USB drives and even in case of physical damage can be recovered. It's stored in a simple text file written somewhere between the lines and the file is hidden among other garbage files. You have to know the file name and use the search function, otherwise you'll be browsing for days.

The second copy is on a piece of paper, hidden somewhere a thief would not look.
Good spots for such things are for instance behind the baseboards or in a hole in the wall. Say you want to hang a tv on the wall. You drill one additional hole behind the metal plate, roll up the paper and put it in the hole, then cover it with the wall mount. Close to impossible to find even by a thorough burglar.
1674  Economy / Trading Discussion / Re: Your strategy in taking profit on: September 27, 2020, 09:59:21 PM
1. Usually coins that I don't believe in anymore. I buy and sell in long intervals so I take profit when a coin pumps and I don't feel like it's worth holding anymore.
2. I stay away from stablecoins especially usdt
3. I don't pay any tax on crypto. There's no such requirement in my country.
4. I'm not going to buy a lambo. Ever. Cars are a waste of money.
5. I don't believe in 4-5 year cycles. The cycles are getting longer every time.
1675  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: BOUNTY AND UNFAIR TREATMENT OF HUNTERS on: September 27, 2020, 09:35:55 PM
Bounty hunters are treated like beggars because they act like beggars.

You can offer them a shitty payment made in some wannaby coin that isn't even listed on any exchange and they'll accept it.

When you guys show the managers and dev teams that you're desperate for money they'll take advantage of you.
1676  Alternate cryptocurrencies / Altcoin Discussion / Re: I'm scared of ethereum gas fee on: September 27, 2020, 09:26:40 PM
What if ether price goes up to more than $2000 dollars..

ETH won't go to 2 thousand without Bitcoin first going to 40. You're talking about something that may never happen because events when a cryptocurrency doubles its ATH aren't something normal.

If you hold ETH and it suddenly goes to 2000 USD you will be rich enough to pay the fee.
1677  Alternate cryptocurrencies / Altcoin Discussion / Re: KUCOIN Hacked on: September 27, 2020, 09:19:44 PM
The Kucoin administration assures its clients that it will reimburse all losses incurred due to the hacking of the exchange. This is, of course, a very good indicator of the responsibility of the administration of the cryptocurrency exchange, and besides, it will positively affect future prospects so that users do not turn away from Kucoin because of this event.
Responsible exchanges, that's why i check my balance on kucoin and all safe. Kucoin must think to add extra security for their platform so can to prevent the next similar case. So what about our coins?? Better to withdraw it to another exchange or store it there??


They stole it from their hot wallet so your balance did not change.

Your balance on the account is just numbers. There are no coins in your personal wallet it's all in big hot and cold wallets.

To know if you have the money you have to make a withdrawal and see if it is processed.
1678  Economy / Gambling discussion / Re: US 2020 Elections data, polls and bets on: September 27, 2020, 08:58:52 PM
I expect Biden will win by a hair and Trump will not want to give up so easily and will contest the result in court with his main argument being the high number of absentee voters.

If it happens we can expect protests and possibly a stock market crash like in Spring.
1679  Bitcoin / Bitcoin Discussion / Re: Cryptocurrency Scams and Government on: September 27, 2020, 08:20:14 PM
Similar such incidents will be mentioned as a reason by the government when applied for regulated usage of cryptocurrencies. More Scams in the name of cryptocurrency is truly destroying the true quality of cryptocurrency and it's features

I don't agree. Crypto scams don't destroy its image. It's like saying that fiat scams destroy fiat's image.

If someone doesn't feel like having cash is dangerous after reading that someone was robbed he shouldn't feel that it's dangerous to own bitcoin after reading that somebody was scammed online.

So many people in the US fall victim to IRS scammers or fake Microsoft support from India and they keep using fiat money. It's their way of thinking that should change not crypto.
1680  Alternate cryptocurrencies / Altcoin Discussion / Re: KUCOIN Hacked on: September 27, 2020, 08:08:34 PM
Holy 157 million that's a huge amount. There is no way to freeze an address on ethereum, right? Because if they don't then there could be a massive blood bath on the alt market.

It will take time before themy manage to sell it all. I don't believe they'll just dump it like that but rather go through a number of altcoins to make it harder to trace.

Also many of those centralized coins can be stopped. Like he stole 20 million in USDt which is a balloon coin. They can choose to redeem it or not. Many of those ERC220 shitcoins are like IOU slips. He can get something or nothing.
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