I don't know why people are interpreting this so positively, honestly.

What he is saying is perfectly reasonable in terms of their longer term goals of developing their own national blockchain, and issuing currency on that blockchain. However, that will probably be centrally managed and will have nothing to do with BTC itself.

It's not a case of positive support of BTC. It's a case of promoting local blockchain innovation.

The only way that I can foresee Libra interacting with traditional decentralized cryptos is through being a trading pair with them, much the same as the role that USDT and TUSD are fulfilling right now.

It's extremely unlikely that a tangible integration will occur between the two, simply because one is solely controlled by a multibillion dollar company, while BTC is decentralized.

Also, I doubt that there will be a significant crossover between the two, in terms of user base and adopters.

Absolutely. Especially with low interest rates that encourage loose lending yet again, just like pre-GFC times.

If you look at some of the banks in India that are shutting down and becoming insolvent, the problem should already apparent. And it's hard to believe that India is the only nation that has these issues, they are just likely to be concealed right now in other countries.

People should realise this, and diversify into safe haven assets before it happens.

Really? Is this even a question? 100%.

I think that most countries have taken noticed on crypto already, and they obviously want to create their own centralised token/currency based off blockchain before a private entity takes over this sector. This is exactly why we see resistance from governments in terms of Libra, and why president Xi has expressed optimism towards blockchain technology.

The fact is that blockchain tech gives them more direct control over the economy and conducting policies, there is no doubt about that. And there is everything to gain for them to move to this system, where they don't even need to print money or worry about the integrity of databases anymore.

It could happen in the future, but not right now.

And it would have to be a multitude of factors all coming together in the perfect storm for it to actually happen - Ripple integrating with the traditional banking system on a much wider scale, ETH falling behind in the scaling race, and a wild pump in XRP prices in general.

I simply don't think that it's going to happen right now. If however, the general direction of crypto growth in the future goes in the direction of institutionalised blockchains, then it could well happen.

Every single exchange can be suspected of it. Binance is no exception.

I remember a big fuss was made about OKCoin and Huobi a while back in regards to wash trading. Obviously these accusations still stand but people's hatred towards them have died down quite a bit. It's probably because of the fact that wash trading doesn't necessarily directly influence the outcome of trades, but rather just buffs up volume, and that it's very hard to find real evidence of it.

Either way, just don't let exchanges who have large volumes fool you into thinking that they're automatically trustworthy.

And for what reason do you believe that, sir? There is virtually no indication right now that alts are going to rally hard. With BTC's significant spike in price, alts have actually declined significantly in comparison.

ETH has dropped below the 0.02 BTC psychological level yet again, LTC scaled back from 0.007 BTC to 0.0061. And these are the major players within the market, not even talking about smaller scale alts right now.

I think that big market caps will fare better this time round, compared to newly bloomed ICOs. Given the fact that regulations are tighter, and institutions can spot scam ICOs a mile away.

Absolutely not.

It can only be said in general terms that bitcoin's movements are somewhat replicated by alts. Beyond that there isn't really much evidence to suggest that the relationship is linear or anything of that sort.

What we're seeing is probably the opposite of alt season right now. Bitcoin dominance is continuing to increase while alts are slipping in terms of market share, which is probably a needed correction from the amount of hype ICOs used to receive that was completely irrational.

Has nothing to do with PoS.

They are probably not even staking the investments that they receive. And if anyone does receive a payout, they're probably just a part of the lucky few that do get payouts in the early stages of a ponzi scheme.

It's an obvious scam for sure and I've seen quite a few other sites posing as PoS pools (not just limited to ETH, either). Usually looking at the amount of returns they promise is sufficient to determine their legitimacy.

But what is the true percentage of ownership?

That is the question to ask, imo.

Just because the amount of crypto owners is increasing doesn't mean that adoption is actually increasing for bitcoin as a currency. If people are only treating bitcoin as a speculative asset, then this statistic is really pointless.

Even holding BTC in the long run is far greater than just speculating on price movement in the short term from an adoption standpoint.

It's interesting because Malta has been historically known for their positive attitude towards bitcoin and crypto business regulations, but yet, Bittrex international seems to be seeking their way out of Malta for one reason or another.

Either way though, these are the countries that stand the most to gain in the long term future.

Crypto, whether centralized or decentralized, will generate significant government revenue to anyone who is bothered to create an environment that encourages financial innovation.

Nominal dollar amounts barely matter. You'd be lucky if the tokens distributed even had 10% of what is being promised.

The thing is that they are basing these figures off the ICO price, which in this day and age and climate of the ICO market rarely holds up after the ICO is finished. It is much more likely, especially for projects that need to do bounty campaigns in the first place to see significant decreases in value in their tokens in comparison to ICO price.

So yeah, I'd rather go with something with realistic long term goals as opposed to flashy headlines to catch the attention of bounty hunters.

There are already a bunch of exchanges that have issued out ICOs. Some of them are even decentralised which implies even more degree of control for the stakeholders involved that hold their tokens - so what differentiates you guys?


Besides, these aren't that competitive in terms of the industry.

It's average at best. Most major exchanges offer 0.2% anyways and have way more liquidity. They also have volume discounts based on trading volume, which you guys should certainly seek to implement.

I received the same email today as well.

Very shocked because there was quite a buzz in the community when they were acquired by Circle. People assumed that progress was going to be made in terms of fiat integration, and improving their customer service etc. I still remember it being quite major news back then.

However, it turned out to be much ado about nothing. This should really be an non-issue right now.

Good job, OP. Probably directly contributed to them getting banned from their web host.

Anyhow, this is a very obvious example of a phishing scam. There are much more sophisticated ones which take advantage of certain non-ASCII codes that appear on browsers as ASCII text to exactly reproduce what a site looks like (there are probably hundreds of them for exchanges alone).

Just don't click on any google ads that pop up on search results, nor blindly trust on any clickable link that claim to be the official one.

Definitely. Alts didn't fare that well though given the fact that BTC rallied this hard.

Whenever BTC rallies hard it seems like that alts don't follow suit, and often plunge in value in BTC terms. They obviously still rise in terms of fiat though which is good. However, I honestly I didn't expect such a big pump out of BTC when you factor in that $8k support was broken.

I wonder what the motivations behind this pump is, because honestly right now there is no distinctive answer.

It really depends on your situation, I've had a lot of family and friends be welcoming to investment ideas.

If it's an exchange, do a token sale! They seem to be very successful, and try draw money from your personal sources to fund the marketing side of it.

Hahaha, It is good to see that people are still using Android App for bitcointalk.org I was using it too, but this stupid signature made under every post is just simply too annoying for me, Im not going to post on mobile through upp just to log-in on mobile browser to edit post and delete "Posted from bitcointalk.org Android app".

But getting back to the main topic, revenue share is usually a really risky idea, same with cloudmining: most of websites like that are just ponzi schemes or some other kinds of scams.
I would advise just going for trading, it is way better idea than giving your money to someone else.

It is quite funny for me that the main subject of this thread pretty much implies that bitcoin is always a good investment.
Guess what, it is not like this in every single case. For example, I think that nowadays it is rather a stupid idea to convert your money into BTC for long-term holding purposes: it is very expensive, 1 719 USD according to bitstamp so it is still close to the all-time high.

Indeed, bitcoin is something very revolutionary and useful, but I still prefer to just wait for the bubble pop and some big correction even to 1000$ level, before obtaining more of them for the money I have saved before.

That is true, confirmation time has increased in last few months slightly, but the change is not so big as you may think.
It is more about what fee are you wiling to pay for a transaction, because if you want to get your transaction confirmed in the first block, then you should just go with a fee that is high enough to be very attractive to miners. After all, they have profits from doing that, so they are seeking for the transactions that give the biggest bounty: where the fee is highest.

Usually, average fee right now is somewhere between 35-50k satoshi, not 20k like previously.
I advise you to use https://bitcoinfees.21.co/ , it is very useful for doing transactions at blockchain.