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1801  Alternate cryptocurrencies / Altcoin Discussion / Re: Don't Believe ShapeShift's Trap. There is No Cheap Hardware Wallet! on: October 21, 2019, 08:33:43 AM
Lmao. Classic bait & switch tactics. Give you a sweet deal, then you get talked into it so you complete KYC (what is what they really want you to do from the start), and then really make back their profits from overcharging for shipping.

I wonder if they are charging the same rates of shipping for people in the US. If yes, then this is definitely some shady behaviour going on.

They should at least have some sort of free shipping domestically, or free pickup option to show that they are genuine about their promo.
1802  Economy / Trading Discussion / Re: Binance Earns More Than $20,000 per Day Overcharging on Transaction Fees on: October 21, 2019, 07:27:44 AM
Unfortunately as a user, you have to comply with whatever fees and rules that they put out.

They could easily argue that the fees goes towards maintaining the security of their cold and hot wallets, as well as paying for dust inputs that come in deposits. Of course, that is very unlikely to consist the entire 0.0005 BTC and at least part of it is definitely going towards Binance themselves, but it is likely their PR response if this issue was ever raised and discussed.

It's actually quite common practice as well among exchanges to do this, not just Binance. If enough community goes to protest, there could potentially be changes made.
1803  Bitcoin / Legal / Re: Crypto-Currency not Legal Tender in Nigeria - CBN on: October 21, 2019, 07:03:16 AM
Not legal tender =/= illegal. Important distinction.

Gold is not legal tender. Shares in equity is not legal tender. Nor is wheat, corn, derivatives, etc. But they are all financial instruments or commodities nonetheless and absolutely no one says that they are illegal. Legal tender simply means that you can't be legally held liable if you settle a debt, public or private, with this piece of currency.

Don't get misled by headings or sensationalist reporting.
1804  Bitcoin / Press / Re: [2019-10-19] With 18 Million Bitcoins Mined, How Hard Is That 21 Million Limit? on: October 21, 2019, 04:13:11 AM
How hard is the limit? It's much more concrete than the debt ceiling on the central banks around the world.

To change the 21 million limit you'd essentially have to have a hard fork in the network, and I doubt that consensus will be reached in terms of actually changing it since people know that this limit is precisely what gives BTC its intrinsic value in the first place.

People should stop worrying about when we hit that. Miners are still going to be incentivised through transaction fees, and the world isn't going to end.
1805  Other / Beginners & Help / Re: New Telegram Crypto Scammer Technique on: October 21, 2019, 03:51:24 AM
Good guide.

Just to add though, this can not only happen on telegram where this type of scam may be new, but also on a variety of platforms. For instance, on yobit, there is a ton of scammers who PM you posing as support if you complain about an issue on their chatbox.

Don't reveal any unnecessary information to an unnecessary audience when you have a ticket open. That's the general rule of thumb.
1806  Economy / Gambling discussion / Re: Sports Betting Contest on: October 21, 2019, 03:15:38 AM
Sounds like a good idea.

I suggest NBA because the reg. season is extremely long but starts very soon, perfect timing as you said. The long regular season + postseason also mean that the best tipsters actually win, and not someone by chance.

Besides, I'm just a basketball fan I guess. And many others here are as well (just look at the size of bball prediction threads).
1807  Alternate cryptocurrencies / Altcoin Discussion / Re: Scam Projects and Bounty . Way forward?? on: October 21, 2019, 02:29:24 AM
There isn't really much that we can do.

The media is painting these issues in a darker light than they should be, in my opinion. Most of these scams can be easily avoided through simply using your common sense and doing your due diligence. Most people who actually get scammed most likely didn't even research their ICOs, the teams behind the ICOs, and the actual purpose of the token.

It's the attitude towards crypto in general that needs to change. If one day there is a lack of demand for scam and crap tokens, they will slowly cease to exist.
1808  Economy / Economics / Re: Central Bank: If The Entire System Collapses, Gold Will Be Needed To Start Over on: October 21, 2019, 01:44:13 AM
I'm not sure if gold is necessary. Bitcoin essentially performs the exact same function as gold as a store of value, except it exists on a trustless ledger, and is much more convenient for international remittance as opposed to gold.

We've already seen vaults in certain countries that hold custody over certain country's gold refusing to release them, and using them as leverage. I think that central banks should also be aware of centralisation of such reserves.

But yes, some sort of decentralised money will be needed as a money base, at the very least.
1809  Economy / Economics / Re: Fear of Facebook spurs Federal Reserve to build its own digital currency on: October 21, 2019, 01:23:07 AM
I think that this was an imminent move by the Fed regardless of whether or not Facebook decided to move ahead in their Libra project. That's just because of the general direction that we're heading in in terms of cashlessness. It was only a matter of time.

But the fear is definitely real that FB will somehow take the powers of the Fed into their own hands.

They probably saw how there is now a duopoly in China in terms of the two dominant financial services providers in alipay and Wechat pay essentially cornering the banking industry, and they know that they cannot exert as direct or as much control over FB as the Chinese government can over their payment processors.
1810  Alternate cryptocurrencies / Altcoin Discussion / Re: Ton has big problems? on: October 20, 2019, 11:04:07 PM
SEC did not satisfy the conditions proposed by Telegram to postpone the launch of the TON blockchain platform and the suspension of operations with the Gram digital currency for 5 months.

The SEC insists on a restraining order for the rest of the proceedings.

The first hearing will be held on October 24.

What will happen next?

It's most likely simply going to be halted.

I doubt that a company the size of Telegram would dare to object to SEC's rulings, and even if they did, they probably won't attract investors anymore because of the scare that the SEC has given them.

They should have foreseen this issue from the get go. They are essentially marketing a security, and there is really no way around that definition.
1811  Alternate cryptocurrencies / Altcoin Discussion / Re: Would ICO scene succeed if it was organized like crowdfunding not investing? on: October 20, 2019, 08:46:56 PM
What would happen if people didn't follow greed and projects didn't promise crazy gains? If this was not main theme of ICO craze, but instead - true and honest support?

If you support someone for example through Patreon - you give him money and you don't really think much what will happen with this money - it's lost for you anyway and you feel good for supporting someone you like.

If all ICOs went that route, sure, we wouldn't see such crazy gains but we wouldn't also see such falls. People supporting projects that would fail would probably don't scream "scam scam!" all the time.

If you give a dollar on a street to someone begging, you usually don't follow him later and check what he bought in a store - liquor or food. Yeah, you are dissapointed probably if you see him drunk next day but you simply don't give him more money.

If ICOs was organized more like that, I think it would be much more healthy environment.

I personally think that it would have never garnered as much attention as it did, especially during 2017 when all of the projects, good or bad, were consistently being hyped up and as a result pumped to heights that were extremely unsustainable.

If the model was shifted from a way to gain easy money to simply crowdfunding, then people won't see the point of it. It will just be another kickstarter, or gofundme even. People will view their money going towards actually supporting the project, which is good, but they'll be a lot more stingy and thus, less demand for ICOs.

It's a good hypothetical to think about, and I think it's the primary reason why ICOs have died down so much these days.
1812  Alternate cryptocurrencies / Altcoin Discussion / Re: IEO exchanges not required KYC on: October 20, 2019, 08:06:26 PM
I like the cryptocurrency due to the privacy, i do not like to send my IDs to anyone even if it is popular and trusted websites, requesting KYC to participate in IEO is against privacy why i have to send my ID to participate in IEO!!
Most of exchanges launched their IEO platform required KYC.
Is there any exchanges run IEO and do not required KYC.

I know that Livecoin allows you to do this.

But honestly, I wouldn't recommend you buy any IEOs off there. Only unregulated, pump and dump IEOs would be interested in getting listed on Livecoin in the first place which means that it's probably not the best idea to invest in them.

The thing is that regulation dictates when and where KYC is required, and IEOs are certainly one of these sensitive categories since it's considered a sale of a "security". So in the future, maybe even Livecoin will conduct KYC. Who knows.
1813  Economy / Scam Accusations / Re: Account locked for a full year at HitBtc making me lose $17000. on: October 20, 2019, 07:43:32 PM
Maybe provide some screenshots to support your case? You can't just claim something and not back up with evidence.

I wouldn't be surprised at all if this was true, though. HitBTC is known for their notorious customer service and draconian KYC procedures that they seem to go through solely for the purpose of being an excuse to hold onto customer funds for longer.

Don't use them. There's a reason why they've got a neg tag on their account on the forum.
1814  Economy / Scam Accusations / Re: Windows 10 pro Keys Scammers on: October 20, 2019, 07:15:52 PM
The keys that you buy, even if they work, are against the ToS of microsoft to begin with. So there isn't really much point in buying them.

I don't think that you should block someone based on whether or not he uses paypal. Ask someone whether he is able to accept escrow for BTC payments, and if he says no for that, then it's a good indication that the person you're dealing with is likely to be a scammer.

Learn this as a lesson. Gift card payments are also extremely risky since there is no proof of transfer of ownership, making it hard to prove your case.
1815  Alternate cryptocurrencies / Altcoin Discussion / Re: Top 10 Cryptocurrencies Predicted to Dominate the Market in 2020 on: October 20, 2019, 09:41:33 AM
Firstly, don't believe McAfee. What he says is entirely irrelevent because of the fact that he is so clearly biased due to his ongoing commitments in his McAfee DEX. Furthermore, his previous predictions have been entirely disproven by time and he's only speculating to gain following.

I don't think that Waltonchain is going to make the top 10 by a long shot. Their market cap is simply too low to climb to this kind of status in such a short period of time.

I always don't think that XLM will necessarily continue to be popular - their previous tactic of airdropping through blockchain.info to create hype has died down.
1816  Economy / Collectibles / Re: Milkspotting on silver coins? on: October 20, 2019, 08:15:32 AM
The Royal Australia Mint and the Perth Mint are not the same place.  RAM is in Canberra.   I have heard the Kangaroos out of Royal Australia Mint spot horribly.  That said, they are a bullion coin, buck or two over spot, unlike the Perth stuff which is usually 4-5 bucks over spot.

Really? I always thought that perth mint minted these coins. Guess I learn something new even though I'm aussie.

I actually had bought the kangaroos and the maple leaves which both started spotting from the same dealer. I called back because both of them were supposed to be advertised as BU. The dealer said that he'd be happy to replace the kangaroos, but not the maples, since the maples were random year BUs.

Of course, I never ended up replacing since I had to cover the cost of shipping both ways. Unfeasible for such a small amount Undecided
1817  Economy / Trading Discussion / Re: In case you care about 0% trading fees on: October 20, 2019, 07:28:27 AM
I can see why traders would high volume would appreciate such a fee structure where they're only charged a fixed fee.

However, can I know how you guys plan on making this sustainable, or is this just a ploy to get customers initially? Because the idea behind most exchanges is that as their volumes rise, they'll gain more commission earnings somewhat proportional to the volume they generate.

However, with you guys, it's kind of different because higher tier traders will likely just buy your 9EUR subscription instead. What's your profit model in the long run? Also, how do you plan on attracting these whales in the first place with low liquidity?
1818  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Doge.Live Scam on: October 20, 2019, 06:21:01 AM
Hi all,

the new mining site Doge.Live is an Scam site. Dont send Doge to start mining. The Support does not exist and after 3 or 4 withdrawls all next withdrawl dont work. You lose all your investment.

I try it and can give you real Feedback.

Be aware.

Well, duh. They're promising 2% returns on a daily basis, and why would you think that anyone with good intentions would be offering you such absurd rates of return?

Their operations have absolutely nothing to do with mining and everything to do with defrauding people and running a ponzi scheme. They were so lazy that they didn't even put up a fake address or anything, or even bothered to make their site look legit.

Use your common sense. Just cause a site looks legit and has a premium domain name doesn't mean it's automatically not scammy.
1819  Economy / Gambling discussion / Re: Worst Day of My LIFE - Dice on: October 20, 2019, 05:50:11 AM
Borrowed $1600 from my friend. Apart from this placed gold as collateral and got $250. Altogether with hope of returning the borrowed amount and taking the gold back started to play dice after a long. At the beginning it went good, and when my profit reached $200 started to fail. Once I began to loss I was out of my control. Within minutes everything went out of my control, my mind didn't had the ability to think. I just doubled the bets consecutively. Ended with a loss. Now I was in a situation to repay my friend the borrowed amount. Please don't borrow and spend on gambling, it might give an earning, but that mostly leads to suffering. Cry

I'm not sure if you're aware of the fact that martingale only works if you have an infinite bankroll. And that only exists in theory.

So don't believe anyone who touts you martingale or a version of martingale as a viable profit making opportunity. It's not. Each bet you do is still -EV at the end of the day due to the house edge in dice, which is low in comparison to other games, but is still there.

I suggest you look for help. You have an addiction it seems like, and I've personally been through the same stuff. Talk to a counsellor, there's online ones available.
1820  Alternate cryptocurrencies / Altcoin Discussion / Re: is this because of libra ? on: October 20, 2019, 01:36:45 AM
Probably not in particular.

However, Libra has had a long record of being prosecuted by governments and regulatory agencies worldwide. It's not really surprising that new legislation is still popping up that is essentially targeting the existence of Libra.

I don't really see how a centralised project like Libra can survive without government endorsement. Especially when they see it as a threat to current frameworks.
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