Since you only have to do transactions to put a balance on coinbase and then can spend it over multiple transactions, does that help scalability?
Short answer: No. Coinbase inter-account transaction are not Bitcoin transactions. Those surely could help to reduce on-chain tx volume, but can't be considered as a scalability model. Are those services good for the ecosystem in total?
Yes. Anything that involves trusting 3rd party gets a lot of hate here, but as long as such services remain optional and you can still transact on-chain - I see no problem. |
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... For as long as your balance is still in the casino, there's a session not concluded.
Seriously doubt that. That makes sense for poker sessions and maybe brick-and-mortar casinos (where you convert to chips), but I'm having a hard time believing that you can avoid paying tax for as long as you keep your money parked on your online-casino account. That would make few-years long sessions possible. In effect, you could actually get tax relief from nett losses
Quick google search tells me that: You can deduct your losses only up to the amount of your total gambling winningshttps://www.efile.com/taxable-gambling-winnings-income-taxes/ |
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Other than jumio.com, there's Trulioo.com, Onfido.com and probably dozens of others, but it's best to stick to more established ones to not spook your players out. And I'm guessing you'd need a service able to verify IDs from around the globe.
There's a lot of info on every of the above websites, so take a look and you'll get the general idea how it works.
First get a legal advice and learn exactly what you need, then get in touch with provider and let them talk you through the details.
Obviously requiring ID verification will drive a lot of people away, so examine all your options and see if there's a way around it ie. registering your company in other country, or auto-converting withdrawals to fiat money (with small fee?) and sending funds to bank accounts/paypal etc - afaik you don't need KYC for that as such accounts are already verified.
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Scam or not, the one you linked looks pretty dead to me. Zero volume and not a single exchange accepting it. Such a short life it was... That just shows that CMC could really do with some proper cleaning and remove couple of hundreds of the bottom ones. They're just taking up space and slowing the site down. |
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I wonder if this is the same company that made the news early this year where they had their employees implanted a chip in their hands and the employees used it to pay for goods? If it is, do you not think this could be better to store cryptos in? Nah, that's a different company. This is the one you mean. The only upside of storing cryptos in a microchip I can think of is when you live in unstable/dangerous region (or straight-up war-zone) with high-risk of any type of belongings getting stolen or destroyed. But then again, you could just store private keys in encrypted folder(s) in your mailbox. For active use of microchip you'd need an additional device (to decrypt), so it's pointless imo. https://www.ccn.com/bitcoin-under-the-skin-why-people-are-using-subdermal-microchip-wallets/The NFC chips store 888 bytes of data each, which is enough storage for 26 encrypted Bitcoin address keys. Wismeijer says he uses his chips every day to make purchases – the process involves scanning the chips with his smartphone to receive and then decrypt the keys in order to make a transaction
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Your chip is designed to be scanned so it'll be emitting a field that can be picked up by anyone with the right sensor. You hear possibly mythical cases of people collecting money by approaching contactless debit cards right now. This would be no different in the sense of being able to ascertain whether you're ripe to be plucked.
This. Near Field Communication and contactless cards are pretty crap unless you add additional security layer on the top (ie PIN). I don't know if it's easy to steal someone's money that way, but I know I accidentally paid with such card: was paying with my 'normal' PIN card but got my wallet (with contactless card in it) too close to the reader. |
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I don't quite understand why would they ban advertising certain type of services on google but allow the same type of ads on youtube (google owned). That's just double standards, I'd expect any ethical-concern actions to be taken on the group level, not separately for each platform. Good to hear they're shifting towards more crypto-friendly stance though. This adds legitimacy to all the cryptocurrencies businesses that are allowed to advertise.
Google's original restrictions, which it announced in March and rolled out in June, were intended to protect consumers and included initial coin offerings (ICOs), wallets and trading advice, which are still not allowed. Maybe it's for the best. I'm not gonna cry about it. Although, similarly to regulated exchanges, they could allow SEC-compliant ICOs. |
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Most of the Pumps are basically scams in my opinion . Admins running them buy coins at low price and sell it to you, normal members at super high prices.
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Correct. But I'd hesitate to call them 'scams' unless organisers deliberately lied about not dumping their bags on participants. I think most people realise how the mechanism works and how organiser makes his profit. Bottom line is, if you risk your hard-earned money to buy shitcoin just because stranger on the internet told you to - then it's on you, don't play a victim when things go bad. |
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There is no shortcut in success!! That powerful word teach me a lot of things in life..
Umm, bit strange statement considering that Bitcoin broke into the mainstream attention as a posterboy for "Shortcut to success". We've all seen those headlines about accidental millionaires - people who got in early, often without fully realising what Bitcoin is. It's safe to say that vast majority of crypto-holders are here to 'get-rich-quick'. It's just the way it is and we all benefit from that. |
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I have heard that bitcoin has no intrinsic value countless times from naysayers but I don't think that is the case. Correct me if I am wrong but the bitcoins that are printed on paper that come out of those bitcoin atm machines with the qr code on them have every bit of intrinsic value as paper money has. As in you can use them to write on, or start a fire with ect.. matter of fact you can just carve a wallet address or put a qr code on anything you want like a bar of gold or like those physical bitcoins they sell that you can load the amount of BTC you want on it. Bitcoin does not have intrinsic value because it doesn't need to have it but anyone can give bitcoin intrinsic value by turning it into something physical they can hold if they want to.
I prefer different argument - What if some wealthy, trusted person/entity publicly and legally obligated themselves to "back" Bitcoin by exchanging 1 paperclip for 1 BTC on demand, disregard of the $ price. Now, by law, every bitcoin effectively have intrinsic value. What would it change in practice? Perfectly nothing. Significance of intrinsic value is widely overrated. Alternatively you could argue that the Bitcoin network (with its ability to transfer bitcoins, send messages, files, verify signatures etc) has its own intrinsic value. But to me, it makes no difference. ...
But what does he get with the 5-6 pages of replies on his thread? His inner satisfactory and that's it?
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Could be a 'trolling' satisfaction. Could be a 'bear' trying to make his little impact in driving the price down. But if he starts a topic, shows some engagement, then go quiet, just to start same topic wrapped in different words - then I have my doubts about his intentions. |
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... Would you reward a Newbie with his 1st merit point, if you see a decent post of his and/or engagement in discussion, but his posting history is, in vast majority, bounty-campaign proof posts? Do you consider such people as spammers, or you just ignore campaign-report posts? After all, they don't pollute the forum and are contained in dedicated threads.
As long as you think that the post deserves merit and you have some, why not? ... Because it shows that primary reason for their activity is for-profit posting. Therefore rewarding them with merit (effectively ranking them up and enabling their signatures) increases risk of them jumping straight into signature-campaigns to shit-post one liners all over the forum in very high volumes. That's why. |
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Agree, but wouldn't be easier just to show trust rating on every board? I don't quite understand why is only limited to marketplace + private messages.
Simple logic, if the system is generally considered helpful - show the score on the whole forum. It's not like potential scamers will limit themselves to 'marketplace'.
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1 - ...I would not consider it a good post either for merit.
Thanks. To clarify, in Q1 I'm asking is there any way to tackle such posts (ie. by reporting them as spam). We all know what it is, low-effort copy-pasting to boost up post-count + hunt merit points. The problem is, they don't break any forum rules... Maybe reporting them as "wrong board. --> Press" could help. |
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1 - Newbie starts a topic - copy/paste content from bitcoin-related article + link (so no plagiarism), no own thoughts nor any other contribution. Is it treated as spam and should it be reported to mods, or is it allowed and we should just ignore it?
2 - Would you reward a Newbie with his 1st merit point, if you see a decent post of his and/or engagement in discussion, but his posting history is, in vast majority, bounty-campaign proof posts? Do you consider such people as spammers, or you just ignore campaign-report posts? After all, they don't pollute the forum and are contained in dedicated threads.
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Lets say all the fiat money will be gone and crypto currency will be used how the bitcoin price will be calculatwd??
If the dollar is falling the USDT...virtual currency will be still the base currency for crypto?
If crypto was to replace fiat money entirely (not gonna happen though) then you could expect similar picture as we have right now, just replace USD with BTC etc. Traders/economists and alike would observe crypto/crypto pairs, while general population wouldn't care too much. ps Take all the "Dollar is collapsing any minute now!" statements with a grain of salt. |
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Eugenics > Transhumanism. Always. It already happened: "World's first Bitcoin payment to NFC microchip implanted to hand" https://www.youtube.com/watch?v=Pyhqjs7wm-MPersonally I don't see much point behind equipping chip-implants with payment options. You can easily create payment system when you won't need any device - you just associate your account with biometric data and could authorise payments with fingerprints/eye/face recognition. Seems pretty straight forward for 3rd party services, obviously more complicated with decentralised crypto. |
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Actually, I am not sure he is just trolling. He has a solid, veeeery theoretical point. Imo, we are just abstractly, in theory, talking about "value" in general and bitcoin. In practice this debate is actually quite meaningless. It is still imo interesting debate.
I know OP from his other threads. Sometimes he is thought-provoking, I'll give him that, but usually he would just waffle around good old "bitcoin is worthless because it has no intrinsic value" rhetoric, acting like he has come up with something new. In this thread he attempts to re-define the meaning of the word "value" to fit his narrative. I don't think there's a single country in the world that would allow you not to pay taxes on otherwise taxable income just because you take bitcoin as a payment, or allow you to hide your wealth in bitcoin from wife you're divorcing - because it has no value, right? Any sensible person would rather adjust his definitions to be compatible with the rest of the world - but that wouldn't earn him 5 pages of replies. |
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People Of Color obviously! Pay reparations wite boi!!! But seriously, everyone above refers to Proof-of-Capacity, but the emboldened part of OP's post suggest that's not what's he's asking for: ... when all of the BTC and Alt are green and they say 99% are just PoC?
There's another PoC term related to trading and TA: "Point of Control" https://marketdelta.com/how-to-plot-and-trade-naked-pocs-point-of-control/@OP - it's always good to quote the context in which you've seen that term used, to avoid confusion.
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Thanks for clarifying. That's an insane bet with multiplier exceeding x956. Similar thing happened before (some Russian guy almost wiped out entire bankroll), so no wonder if some investors lost their confidence and cashed out. Out of curiosity, how did you manage to find the bet id? Is there a record of high bets on SD anywhere, or did you searched manually? |
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...at that time 1 BTC was priced over 8k $, I bought 20BTC...
Then 2 months in March 2018, 1BTC was priced at over $ 11k, I was happy and decided to buy another 50BTC
I thought I would be a millionaire!
20x 8,000=$160,000 50x 11,000= $550,000 So you saying you had over $700k lying around and you were not a millionaire? And you managed to recoup your losses? That's awesome!!! One would think such a successful trader wouldn't bother with abusing bounty campaigns and copy/paste spamming, but what do I know... Seriously, f**k off to where you crawled from. Reported you for spam. |
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