I have read many posts of people saying they are sorry to have missed Bitcoin. But I wonder if they realise that there have been more than 20 trains out there that could have made them millionaires. They have managed to miss at least all these, some of them as recent as July last year. It is not that you missed Bitcoin, is that you (and I) just missed many many others  NXT 2013-09-28 +1084215% IOTA 2015-11-25 +418179% Neo 2015-10-01 +354482% Ethereum 2014-07-22 +265772% And the recent ones... Populous 2017-06-24 +12181% QTUM 2017-03-12 +10091% Be honest to yourself... you did have a chance! Focusing on only the coins that have turned out well without considering the several hundreds that have died along the line is making one sided argument. In as much as there are some that have been worthwhile, for you not to have missed the train is a matter of chance and not because you are smart. Every individual investing in alts is doing it with the sole purpose in mind and that is not missing the train and the moment you are very unlucky either by your design or the activities of other individuals, you then need to wait for the next train or you forget about the train and just wait at the next bus-stop to join the train. |
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Most of the people now have fear and doubt because of bitcoin price down. We always read and see repeatedly"bitcoin price is down,should we sell or hold?",it is the end of bitcoin?..etc...etc....
Most of the people who invest in bitcoin are fear that they will not gain profit ant lose their capital. Others has a doubt if bitcoin can recover or not...
Is there any cure for this matter?
The only cure for that is simple but because we are all too greedy and dont want to exercise patience in our greediness, we tend to be carried away by things that are ephemeral. Everyone involved in the crypto world should as a matter of default knows the position he wants to be whether to be day trader or to be a long term trader. A day trader is someone who is never caught up in a crash because crash dont happen at once its a gradual fall in price which the trend can be caught accordingly and actions would be taken. When price crashes, he is also buying at the crashed amount and sell when there is a little gain in price. Others that shout are the ones that want to make the most profit in the short term which is not something that easy because there is no way to separate your activities from checking the daily price news, the predictions, the news for or against price, the FUDs and the real ones etc. Finally, choose one side and be free from heartbreaks. |
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An average traditional investor, knows about bitcoin and I was even surprised the gathering where I hear bitcoin mentioned at work even a pastor talking about financial breakthrough mentioning bitcoin which shows how deep the penetration has gone but the issue at hand that would necessitates the push in which Op is mentioning is the trust and insurance which is practically absent in the crypto world and more reason why we won't see corresponding push when there is a downturn in the traditional market which investors operates. However, that didn't rule out the possibility of the increase but might take a longer time much more money to effect it to get to where we all wanted again.
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Hello everyone. Before starting with the topic I would like to clarify something: my account was hacked a while ago and recovering it was practically impossible since I had no BTC address on the signature. So, that's why I had to open a new one, I haven't done it before simply because I didn't need it, I have been away for a long time but I was here by the time Bitcoin was worth about $500 or even before that. I've become interested on it back then and started to collect them from faucets. Not long after that I started to collect other cryptos from faucets. I've seem Bitcoin and the others to evolve over these last years and frankly speaking it's a kind of sad to see the current status of the Bitcoin. Now, moving to the point I should explain first why I think that Bitcoin is dead as a currency. Well, the reason it's quite simple: moving Bitcoin around had become very very expensive. There are two main reasons for that. The first one is inflation, currently at the time of writing Bitcoin's price is around $8000, that's quite high. If I remember correctly the network fee for standard transaction used to be between BTC0.0001- BTC0.0004 that would be worth now between $0.84 and $3.37 that's a bit far away from "low fees" that the original presentation video mentioned ( https://youtu.be/Um63OQz3bjo?t=16s). On top of that there is the other reason which is network congestion. Take a look at https://bitcoinfees.earn.com/ it shows the number of transactions in the mempool. Well, I must admit that it looks much better than the last time I checked it, which is a relief, but my point is still valid, the recommended fee for a standard size transaction at the time of writing is 130 satoshi per byte which roughly translates to BTC0.0003. That's $2.53 for a single transaction, which means that if what you want to purchase has a price of $1 you will end up paying $3.53 due to the transaction cost. That renders Bitcoin almost unusable (but it was much much worse the last time I checked), of course there are transactions off the blockchain via wallets like Coinbase and Xapo, but using those it's not the as using BTC, because they are centralized, so you lose the main point of using a cryptocoin. As a closing I would like to share with you a picture which illustrates how I felt when I was about to exchange my altcoin dust and discovered that BTC price was over $10000 https://imgur.com/a/JaKkVThe points you made as the reasons why you conclude that bitcoin is dead from where I see it can be summarised into two which are the price of bitcoin at $8000 and the transaction fee which is not sustainable for transferring small amount. On the first, as the high price of bitcoin, a lot of people would disagree including me because that amount you quoting is a crash from the all time high of above $19000 and at that point a lot of people still got in which would made me conclude that the high price is based on your status and not the general feel of the market which in turn cannot be relied on as a basis to declare bitcoin dead. On the other concerning high transaction fee, it's practically the same thing with the bank because you can transfer 1$ equivalent from one account to another in the same bank without any fee, you can't do that to other banks as the fee would be more than that which is what the Xapo and Paxful etc that allows you transfer across their platform with little or not fee. Again, tell me how possible using the bank to transfer $2500 dollar equivalent across the world and pay less than $20 as at this day. Even though its not perfect, but its still way better. |
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I need an anti fud campaigner for our project.
You'll need to be on social media; reddit, twitter, btctalk and more, helping us to fight against any possible fud.
It'd be great to have a skype call with any interested participants. Please do send me a message here, or a PM.
Is it that you have a FUD or you are envisaging a FUD? You know what, if you have a workable project, you won't even need to hire someone to combat FUD for you as participants will be the ones fighting on your behalf. Its also important that all projects that are successful have FUDs at one point or the other and even some are still having despite the success they have recorded. On other platforms aside btctalk, it could be about promoting and promoting but here, its might be more than that because the moment your project is flawed in some areas, it will become increasingly difficult to defend in addition to the rules both written and unwritten over here. And don't be weary of FUDs some are to make the project better. All the best in your project. |
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So you are saying that a whole of China's central bank was hacked to send a message about bitcoin crackdown. My curiosity is why would someone go through such amount of effort in terms or human and capital resources only to send a message that would be debunked in a matter of hours when there are funds to be stolen or records to be wiped clean. The news itself is fake in my analysis and if China is cracking down on bitcoin trading, it won't be out of place because their actions and inaction has been towards that in the past couple of years from ICO banning, to mining operations, and now trading, I am not surprised. |
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I think Blockchain is more important for us then cryptocurrencis.
Should we not focus more on Blockchain then caring about cryptocurrencis?
As Blockchain is capable of removing centralised system which is the root of many issues the world is facing currently and it also has the capability to empower commoners.
Eventually that is what is going to happen but focusing on blockchain technology is beyond the individual can afford as I don't see how I want to apply it to either my daily living or my career rather its for organisations who are ready to invest and thereafter deploy it for solutions in areas such as stock control for example a multi chain stores spread across the nations can be effectively controlled. Another is concerning shipping lines, elections monitoring, collection of orders, database management etc. As individuals, the currency part is what I see we can do to support this technology and gradually brings more attention to the multinationals and countries who can afford it to use it more. |
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I believe we should remove the option to self-moderate topics within the marketplace. Specifically these 3 sections of the marketplace: Goods(plus subsections), Services, & Currency exchange.
1) Scams are rampant
2) Moderators have taken a stance of not getting involved
3) Threads posted in the scam accusation section go unseen
4) New users are unaware of the trust system
I see absolutely no downside/reason to not remove this option with the marketplace. It has no value if you are trying to legitimately buy/sell something.
What do you guys think?
I think this topic should be moved to meta section of the forum because that where issues affecting the forum is being discussed and also a lot of moderators and senior members visits there which means it gets enough coverage as well as attention of those that can really make the required difference if need be depending on how they see it to be. I agree that some section should be deactivated for self moderation especially anyone that involves buying and selling in the market place and the exchange section because with that scam can easily be seen by just visiting the thread not by going through extra means of finding if this person has scammed or not. Even by default to me, anyone who self moderate his thread aside from those who have genuine reasons, has something to hide and that is an indication to do more digging before trusting. |
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I've seen the same post on the services section, your on the board of service discussion and I believe this isn't the right place to offer that. By means of correcting, you can move this on services. I will be grateful if you donate merit  Good that you establish that fact and for Op to know that your service to the community does not earn you sMerit if you don't have some quality posts to back it up and this you doing could be interpreted to mean merit farming the same way people farm for trust when they offer acceleration services sometimes ago. Do your thing, help others and don't ask for trust or merit in return. Its even better if you will announce that you want to be paid some amount for it if you know you cannot afford to do it for free. With that, you don't feel guilty of someone not dropping a trust for you neither you get someone else open a thread on meta section against you. My opinion. |
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Low tech solution for instantaneous payments, no computer needed.
You simply print out the private key that holds a certain amount of bitcoins. You give this paper to the receiver, who then transfers it to his wallet at the "point of sale" computer.
We are back at the original double spending problem, so the payee still has to wait for confirmations (when he transfers to his address). However, at least the payer does not need access to his bitcoin wallet at the moment of transfer. Also, only works for fixed amounts, similar to prepaid phone cards.
Also, if you send money in email, at least bitcoins are not lost forever if the receiving side never uses them.
Any value in this?
The value is what you have proposed is the unique and silent partner which is Trust. In any payment system that have that feature you established there is by default the trust of the system whereby when things go wrong, there is always a way to recover the funds under normal circumstances. Private keys are just combination of alphanumerics which you cannot even verify that its either correct or contain the amount that owner claim it contains if you don't sweep it or import it. That's is the way it is. You don't expect people to be faithful to you just because you are willing to do same to them that is why this won't work. Unscrupulous people have even found a way to double spend, reverse even with one confirmation among other issues. |
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"Bitcoin is down, crypto is down, everything is down, this is the end, crypto and bitcoin are dead."
How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.
Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
The concluding part of your statement got me and its worth pondering over by everybody who is one way or the other involved with crypto. That is the salient truth but because human by nature are forever greedy they just want everything to be on the increase yet they are the ones to raise alarm about how crypto is turning into ponzi, will it reach $100000 and all of imaginary figures. At this time that price is, I won't even say its a crash because its still an increase that no investment in the world can turn out that is available to everyone who have the knowledge but we are aware of $20000 so $8000 is a failure to us. "Only our thought is dead but not crypto" nugget for the week |
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Some exchanges have not, and have no plans, to give access to coins from bitcoin forks. Many of them are already worth a substantial amount of money, and likely will increase in value. Is there a legal basis for suing exchanges to get access to such coins?
Since the exchanges are acting as custodial agents, they are holding bitcoin on behalf of the user, just like a brokerage does not "own" the stock but holds it on behalf of the customer. Whether or not the exchange plans on spending that bitcoin, if they do not give it to the customer they are stealing from the customer. Since coins from bitcoin forks are associated with the private keys held by the exchange, the exchange cannot argue that they did not "claim" them by taking no action, because they do own them, whether they wanted to or not.
I could imagine people pooling together to sue exchanges if this argument is viable.
First of all, you are comparing an unregulated enterprise with another enterprise that is operating in a regulated atmosphere. For the fact that exchange sites performs the similar functions as that of a brokerage firm does not mean they are the same or they should be forced to comply with the same rule especially as it applies to regulations and performing a specific function. Again, a lot of exchanges would issue a statement on their support for a particular fork or otherwise and would advise users to act on such. If your exchange site is not supporting your preferred fork, you have the option of moving to another exchange. I know Yobit is one that support even nonexistent forks. Another option is to keep in your own wallet then claim at your pleasure. Whether you can sue or not, is not negotiable but whether the judgement will be entered in your favor is another thing entirely that would be decided by the learned judges. |
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Should those that have sent very few to no merits to people be known? If we want the merit system to be used as intended the people who are hoarding their merit should be made public. The algorithm would have to be different from the list of top merit spenders, I'm sure Theymos and team could easily create the most appropriate relationship. However I propose it include some or all of the following: - Lowest merit sent in relation to merit received (including the original issuance)
- OR lowest merit set in relation to current merit score
- Exclude Newbies, Jr. Members, and Members
- EDIT - Only add accounts for consideration if they've been active since the Merit System started
I know Theymos and crew are considering decaying the merit at some point, but this list would be an appropriate metric to add to merit stats and could help gauge if/when any decaying rule should be applied. You have your reasons for going this cause of actions but then calling people out for not giving out merit is a little bit to the extreme because of some factors: 1. Giving merit based on posts is completely a subjective decision with no quantitative reason which means what makes sense to me might not make sense to you. 2. Forcing people to do that means that we are open to another round of issues. Then you see another calling out of someone giving merit to those who don't merit it based on their own judgement, or being accused of giving to their alts (which might be right though) but because they are forced to. The merit system has been designed after a thorough understanding of the what the community needs which has not even worked for more than 3 months after that modifications can be made. |
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It is really annoying to see this huge spam in the Altcoin Bounty section every day. Many questions go under in the flood of these posts. Why don't they use Google forms for that? Please ban: - "Facebook & Twitter report" posts
- "Proof of authentication" posts
- "Reserve for XXX translation" posts
I have a lot of expirience joining some bounties in the Altcoins Section. Regarding with the social media bounties. The report should be only in one single post for all of the weeks. But some of the participants are not following some rules thats why some bounty threads are bumping everytime. That's only the cause of spam in bounty threads and that is the only thing should be prohibited. Google report forms make it easy for the applicants to submit their reports every week and also for the managers to check it. It could also avoid crowded post of reports in the bounty threads. Its pleasant to see threads that are all arranged. Not following the rules is one of the bane of the community and causes friction between the participants and the manager what that place needs is firm managers. Once in a while that I visited there, I just see people quoting the whole posts all over again just because they wanted to report their post for the week and I wonder why can they just edit the initial post to include the current week just like the campaigns managed by managers in the bitcoin section but sometimes, its always included in the rules by the managers for their own selfish reasons. The Google forms has helped, but it can only get better by people just following the rules. |
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This news is not totally responsible for the increase in the price of bitcoin because a lot market participants don't even know the existence of such gathering neither are they aware of the outcome. The US government has been open to crypto from the moment there have been discussions around the filing of returns for those getting some inflow from crypto investments and also sting operations which have been targeted against those who are doing it off the radar or trying to evade tax from such.
My fear had been about increased regulations when I read about the proposed discussion several days back but I would rejoice yet because there battle is still far from over and even the low price is something that might have propel discussion towards that direction which would be on the opposite if price was like 25000$ and there is noise all over regarding that
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If they should reconsider which I doubt its going to happen based on something I read about two days ago about China setting up a firewall that blocks every sites that have something to do with bitcoin or crypto, I can say this is merely a form of speculation because its just didn't add up. A lot of comments can be made, opinions expressed and all of those but because news sites wants traffic on their sites they make it seems that something that would happen tomorrow whereas its mere speculation and the possibility of it happening is far from reality. Until it happens and everyone can see, its mere a rumour which should not be relied upon by any serious minded investor.
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This guy is an enormous bloated pig. He has no self respect.  https://www.coindesk.com/bis-chief-slams-bitcoin-as-ponzi-scheme-and-threat-to-central-banks/He worries about environmental disaster? How about the load put on the planet for growing enough food to feed his filthy disgusting mouth. What a pig. He is a filthy pig who wants to get even fatter by limiting what you do with your money, and using your money to make himself richer. He wants to control all of banking so he and his friends can decide what to do with your money. I would prefer to attack the message rather than the messenger because doing that would make you not better than you and even give him the superiority of rather coming with arguments to either confirm or debunk his own theory of how things are, you results to name calling. Reading the article, he reached a conclusion based on several reasons among which include cost of mining, not meeting the basic definition of money and even went further to berate the Central Banks of not being independent enough to be trusted by the general populace. All of this are things we already know in the crypto world which I don't think should cause any sleeplessness or issue. He made an opinion which he is entitle to and he has exercise that right. |
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Sorry, I would not break the fashion of the noobs to open post apolactic and above all go against the current but I was conducting an analysis and I would like the opinion of the most experienced. Global traditional financial markets have been invested with strong purchasing power, recently achieving new peaks of historic pavement indices. (See the Dow Jones case and so on ...) This week, while for some items the bitcoin is dead, the Dow Jones has lost 8%. It's a lot for an index like that. In my opinion, it was caused by the uncertainty of further growth of the stock itself (although for many and due to US interest rates). Now, the outgoing capital will have to find a new investment asset. Seeing the bitcoin so falling at such affordable prices and knowing of its historical performance (+ 10 / + 20k). In your opinion, can there be a general Sell from the traditional financial markets and a general buy in the cryptomercati? Personally it does not seem to me a lot of bullshit, for me it makes sense. of course, the value and the principle of purism of bitcoin and its mere nature of serving as a means of digital payment would be lost. In my opinion, if this is the case, we will soon see new and incredible maximums.
What do you think about it? Please only serious answers.
You have made some serious submission there and backed by historical facts too but the issue is that a lot of our investments decisions is wired to the declarations of some set of people and institutions and especially as its relates to the security of such investments. A lot of people are risk averse individual and that little risk they will take, they are looking for someone to hold responsible in case something goes wrong. Because the crypto market does not offer such, we are not likely to see some direct outflow from traditional investment and corresponding inflow into crypto market as you suggested. |
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As we know it, bitcoin faces several question of legality. Some countries opposes the circulation of bitcoin. The question is still on the air. What do you think guys.,
The issue of legality is one key part of our life and there is no two way about it because without the laws regulating all of our activities, it will only result in a situation of anarchy which we all wont want for whatever reason and that means that every of our invention or development must find a way to comply with the established laws and if not it should massive enough to force a new law to be made in that. In the case of bitcoin, the current law to me cannot withstand it because a lot of those laws have been made at a point where every development is expected to follow a particular pattern and that is recognizing the supremacy of government over the citizenry but bitcoin is doing something else from that and to accommodate bitcoin, new laws will need to be made. We should only hope that bitcoin can force that. |
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When it comes to the argument whether in support of Tether or against it, its fairly straight forward and even an objective discussion. Its simple let bitfinex or anybody backing Tether with the claim that every Tether is worth 1 dollar and the total amount of Tether in circulation, is back by equivalent dollars either in vaults, deposits, transfers, credits etc and all of this goes away without thinking twice or else it will be more than FUD its going to be an outright scam that won't augur well for the entire crypto market.
Not only that, the authority will see this as an avenue to push forward their agenda of labelling crypto scam or a ponzi. This they are good at doing.
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