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2281  Economy / Trading Discussion / Re: P2P Crypto Trading - Which Platform Do You Use & Why? on: August 31, 2021, 05:30:46 PM
Which P2P crypto trading platform do you use and why? I'd love to know about the ones you have used and your experiences with them.

Also, I'd like to know why you choose to use P2P rather than exchanges etc.

Thanks in advance everyone.  Grin

I solely use localbitcoins. I have used local ethereum as well for once and twice to sell off aome of my ETH holdings, but localbitcoins is my regular platform. But this is only used when I need fiat money. Exchanges are made for trading and not p2p trade so these two platforms are different and serves different purpose.

My experience with localbitcoins is very good so far. I didn't have to face any issue till date. Probably another reason for this is that, I don't trade with random people. I have a fixed group of traders who are reputable and I always check feedbacks from their most recent trades. I don't deal with anyone less than 1000 trades.

Localbitcoins is a market leader in p2p trade and their escrow and reputation system is robust. That's why they remained as my favorite platform.
2282  Economy / Economics / Re: El Salvador retirees protest against Bitcoin as legal tender on: August 31, 2021, 04:40:02 PM
To begin with, El- Salvador is a democratic nation and not a Monarchy . So their people have legal rights to protest against anything. So whenever a country tries to being in big change into any field, protest happens! These protests are either natural or ignited by the opposition. The second one seems the case here!

Also I don't think El-Salvador has made bitcoin mandatory. I don't think they have forced their employees to get salary in bitcoin. So if that is not the case, then I don't see any legit reason to hold such protests. That's why the connection with the opposition party seems more obvious.
2283  Economy / Gambling discussion / Re: ESPN into a betting deal worth 3 billion dollars $$$ on: August 31, 2021, 01:47:05 PM
ESPN is just looking for additional ways of revenue and to monetize their existing subscriber base. Since they are exclusively a sports channel, what else could be the best way to monetize their huge subscriber base!! I would say it's a clever step to safeguard their business and their shrinking footsteps in the sports market.

I don't think they will enter into betting arena by themselves anytime soon. But who knows! Business landscape is ever changing and a company needs to evolve to survive.
2284  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin move to Proof of Stake? on: August 31, 2021, 06:31:19 AM
Will Bitcoin move to proof of Stake? Does anyone know? What are the developers opinions on this matter?

Yes you can stake bitcoin and earn interest from it. Juat that it will not be actually bitcoin but some fork of it! There is no way for actual bitcoin to move to POS. I agree thay moving to POS may be great for more numbers of people to adopt mining easily but since bitcoin doesn't have a core group of developers, I don't see that happening!

Also I think it's good in the current state! Many people have invested billions to build their mining infrastructure. If bitcoin moves to POS, those will become worthless. No one would want to see their mining rigs sitting idle. So if cumulative opinions are considered, pow is going to remain!
2285  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it possible to move medical records to blockchain? on: August 30, 2021, 06:35:59 PM
What do you think about moving medical records to blockchain? I read an article about this recently, it would be interesting to read your opinion

Yes, it is quite possible and it will be very effective as well. I am not sure about the name but I believe one ICO was working on this idea which was then promoted by late John McAfee. I don't know how far they have reached or whether or not they exist. But moving the medical records in blockchain can be beneficial for both the patient and doctor. Also the insurance frauds will come down because the data will be accessible to them as well.

But it can't be a public blockchain because medical data is very valuable and legally prohibited to share in a public domain. So it has to be a private blockchain.
2286  Economy / Gambling discussion / Re: Credit card bans introduced in Ireland. on: August 30, 2021, 05:29:26 PM
So finally Irish people have fallen for the same social taboo against gambling that less progressive societies face. Unfortunate! But I do support the ban on credit card gambling. It's not wise to gamble using borrowed money as the chance of getting into serious debt trap increases manifold. But what's with the advertising ban!! Gamblers would anyway know where to gamble. In the era of internet, advertising ban makes no sense.

If the gambling houses can't advertise on television, they would turn to social media marketing which can have even severe impact on new gamblers. Seriously, advertising ban doesn't nake sense!
2287  Alternate cryptocurrencies / Altcoin Discussion / Re: Invest in NFT & Metaverse sector now, everyone can be an investment expert on: August 30, 2021, 04:28:57 PM
Reflecting on my several years of investment experience. Sometimes one has gone too far and just forgets the fundamental staff. My earnings rate after years of experience is actually lower than when I was a Newbie in this market. Knowing too much became an obstacle to my investment. The truth is always the simplest one. You just need to follow the trend. Ignore the complex structure behind each project, focus on the hot sector where the public believes. for example, NFT works' price has been rocked to sky-high, media are talking about NFT & Metaverse People are rushing into it. Invest in this sector, you will get a rate of returns that is out of your expectation!
I myself have invested in Axie, decentral before, got pretty good yields. Now I'm focusing on some emerging projects, like PixelVerse, X Protocol, etc. Looking forward a better yield Cheesy

NFT will be dead in next one year! It's just trending at this moment so people are looking into it. But after some time, they all will understand the fact that metaverse is a non-existent world in their imagination and it's no good for anything. It will continue to exist in some games where people will purchase in-game stuffs but the interest that has been generated, will all go down to drain!

It will have the similar fate as of ICOs. Like like ICOs started popping up in different names, similarly NFTs will start popping up in different names to make them look attractive. But eventually it will dry out, possibly within next one or two years!
2288  Bitcoin / Bitcoin Discussion / Re: Domino's franchise offering salary to employees in bitcoin!! on: August 30, 2021, 11:29:43 AM
I am not sure how many employees will actually take salary in bitcoin because of the volatility, but I like the positivity around bitcoin. People have shown immense interest in bitcoin since the timw lockdown kicked in and it is only growing till date. That's what it matters the most. It's really not much important how many employees are actually using this facility but it is important that a business entity is considering bitcoin as a store of value. Bankers have been resisted this to happen since a long time. It seems less number if people are trusting bankers on their financial mattera. From this perspective, its a win for us!
2289  Alternate cryptocurrencies / Altcoin Discussion / Re: Could you please recommend your fave NFT games aside from AXIE? on: August 27, 2021, 04:49:41 PM
Could you please recommend to me your fave NFT games aside from AXIE?

Your recommendation is highly appreciated.

I may not be able to reply to you or PM you but I will certainly read your reply to this post.

Thank you in advance.

Op, would you mind creating a list of the suggestions pouring in from the member so that other people can have a complete list of NFT games at one glance?

At present, I am playing a property trading game called Upland. They have their own token called UPX which can be purchased from their website. But they also give you enough UPX to start playing the game. They are also coming up with their own marketplace shortly.

I didn't make money from this game yet and don't think I will be ever able to do that. Because NFT is bound to fail!
2290  Economy / Economics / Re: The UK's FCA and Binance talks break down on: August 27, 2021, 02:32:28 PM
I saw an article on this a few days back from a legitimate source and I'm wondering why no one else seems to have made a topic here on it.

It seems the UK financial conduct authority was trying to find a way to come to an agreement with binance to keep operating in the UK but put blame on binance for not being able to answer the questions it wanted them to.

I'm not entirely sure, personally, if this has any impact on bitcoin at all as I think there is a lot of competition to binance the FCA won't be able to find or that will comply with the FCA (such as coinbase and decentralised exchanges and the smaller leverage platforms).

Can you please try to find the link of the news you are referring to?

I am surprised to know that FCA is trying to make an agreement Binance is not answering. It's usually the other way around. Private companies runs from pillers to post but regulatory authorities are hard to reach. Since when UK government authorities have become so friendly!!

As far as I have seen Cz, he is an opportunist. He wouldn't leave no stones unturned if he smells business. For him, UK should be a lucrative market, so not sure what the article you are referring to is genuine!
2291  Bitcoin / Bitcoin Discussion / Re: Who is trying to register Bitcoin trademark? on: August 27, 2021, 11:18:50 AM
Somebody managed to register Bitcoin as a trademark, alongside registering its logo, in Spain, just over a year ago.

It only applies to Spain, and as absurd as it may seem, the status is currently still active despite there having been appeals which were rejected. It doesn't seem to drive the owner of the rights anywhere in practical terms, other than giving him and his business some publicity, and it’s still pretty clear that whoever is leading this case from an administrative point of view hasn’t got the faintest idea of what he/she is doing.

It should remain a local affair with no real operative derivate, and the same stunt has been tried out in other jurisdictions as mentiones in the OP. 

See:
Bitcoin's name and Logo Registered in Spain
Bitcoin – marca registrada en España
http://consultas2.oepm.es/ceo/jsp/busqueda/consultaExterna.xhtml?numExp=M4046141



That's really absurd. It's a well known fact that bitcoin doesn't belong to any particular person or group. So how come a court can assume their ownership and pass a judgement in favor of any random people claimjng trademark on bitcoin!!! It seems the judge didn't know the structure of bitcoin and he didn't have any idea on how it works.

It's quite funny to see that thieves are literally everywhere who don't feel ashemed to take credit of something that they didn't do!
2292  Economy / Gambling / Re: New Crash Gambling Website! betbitcoin247.io on: August 26, 2021, 07:17:48 PM
It seems like you forgot to update the old certificate that you had made while planning this website. It shows expired in july 31st, 2021.



Care to explain? Are you guys really registered? It's ok not to be be registered but it's not OK to present false information.
2293  Bitcoin / Bitcoin Discussion / Re: Good news Citigroup Reportedly Working to Start Trading Bitcoin Futures. on: August 26, 2021, 05:21:06 PM
U.S. banking giant Citigroup (NYSE: C) is reportedly awaiting regulatory approval to start trading bitcoin futures contracts on the Chicago Mercantile Exchange (CME). The firm would join Goldman Sachs in offering bitcoin futures trading.

Nasdaq-listed business intelligence firm MicroStrategy (NASDAQ: MSTR) has purchased 3,907 BTC for a total of $177 million, according to a Tuesday filing with the U.S. Securities and Exchange Commission. this is a good news  guys many more bullish news to come and bitcoinprice may double so let us hold for good.

Lol! Another CME based trading instrument and another attempt from a banking institution to make money out of thin air without actually handling the underlying asset. No impact at all, will be seen in the crypto market. Only some accredited investors will "THINK" they are investing in crypto and make money from it. And the banking institution will earn commissions for being a middleman while bitcoin actually wants to remove the middleman from the system.

These banking institutions are making the whole system in their favor while trying to secretly lobbying against bitcoin! So no cheer from my end!
2294  Economy / Gambling discussion / Re: The Best Gambling advice on: August 26, 2021, 04:53:59 PM
When I got involved in gambling, I used to have a mentor that was guiding me, on one of those occasions when Luckybit was still in operation I have a balance of about 0.0012 BTC and the withdrawal condition was a minimum of 0.002 BTC so I got stocked in between and I run to my mentor for help and he guided me through the games and I won all till my balance reached 0.0032 BTC and I got greedy and told him I want to continue gambling and not withdraw again, but he made one comment that stick into my brain he said to be careful because gambling can ruin your life.

What is the best gambling advice you ever got from your mentor?

Lol! You have a mentor for gambling?? It sounds like a master gambler teaching aspiring gamblers to be successful. Does ye charge anything for mentoring?

Gambling can indeed ruin your life if you don't learn when to stop and how to control your greed! But if you can control these two things, not just gambling, nothing can make you addicted in your entire life. I hope your mentor taught you these two things at the very beginning. Otherwise, it's quite easy for greed to take control of your mind and eventually ruin your life!
2295  Bitcoin / Bitcoin Discussion / Re: Google bans 8 crypto apps on: August 26, 2021, 03:38:26 PM
Whoever has a little bit of knowledge of mining, at least if they know the rules of mining, will never use such cloud mining apps. Because they can immediately say that these apps are fake and possibly contain malware. Because cloud mining is mainly ponzi scams. They ask you to invest and promise to give you a return against your deposit. All rules are same as ponzi but in the disguise of cloud mining.

I am happy that Google has finally taken some action agains these fake apps. They should have done it earlier.
2296  Bitcoin / Bitcoin Discussion / Re: My friend got arrested in a p2p scam on: August 26, 2021, 11:10:17 AM
Now he is dealing with someone who gives a good return and is also our country's man. My friend fixed a deal with him and the deal will be a bank transaction. The scammer sent money to my friend and my friend got a deposit message from his bank.

There are certain thumb rules to deal in p2p trading websites. I have been using few p2p trading sites since last 3 years and by God's grace didn't have to face any issues. Let me list out the rules I follow,

1. Check the most recent feedbacks of the trader. See if any positive feedbacks are received in last 72 hours.
2. Now go to those people's account who has left a feedback to your preferred trader and see that they are genuine and has a good amount of trades registered in their name.
2. Check the negative feedbacks and their dates. If the negative feedbacks are recent, stay clear.
3. Never trade with newbie traders. It's a big no no.

If these thumb rules are followed, most likely we won't have to face any issue. It's sad that your friend had to face such issues for no mistakes at his end.
2297  Alternate cryptocurrencies / Altcoin Discussion / Re: Dogecoin Foundation Returns After 6-Year Hiatus with Vitalik as advisor on: August 25, 2021, 03:59:46 PM
So Musk did this all just by few tweets! What a powerful personality he is! The crypto market is shaken by his decisions and now this new drama of dogecoin. I don't believe it!

We as a community claims to be decentralized and still react based on what one person thinks about it! What a shame!

Also great regrets will start flowing in shortly. I used to have 20k dogecoins but I have no clue where they are now! Lost opportunity and I am regretting!
2298  Economy / Economics / Re: Bullish? Bankers Issue ‘Seismic’ Warning: crypto could replace USD in 5 years on: August 25, 2021, 03:05:10 PM
I don't think crypto has the power to replace USD, but it definitely has the power to make banks look old and obsolete. That's why the banking lobby is pushing governments to impose a blanket ban on cryptos. I receive weekly mailer from my bank and a warning against cryptocurrency is a staple part of that mailer! Inevitably they mention the bitcoin is a risky things and they advise their users to stay away from it.

So banking lobby is already facing the heat and very well understood that cryptocurrency can make them irrelevant from the financial scenario. But bitcoin alone can't do it. Neither it can replace USD. Not at least in our lifetime!
2299  Economy / Gambling discussion / Re: Euro 2020 caused a spike in gamlbing issues on: August 25, 2021, 02:17:31 PM
What do you think would be the best option to those that are experimenting these issues right now? Should they stop watching sports forever as this is the trigger that causes them to gamble without control or should another solution be possible?

These people should control their greed instead of stopping watching sports. Because the addicted gamblers would gamble anyway, be it Euro cup or F1 race. Addicted gamblers are usually driven by greed rather than sports. They try to sniff for opportunities and gamble accordingly.

Also the helpline has seen an increase of 28% in phone calls seeking for help. I would assume more than 70% gamblers didn't even bother to call. So the number of affected people are much bigger. Unfortunately there is no permanent solution where gambling business is a legal form of business.
2300  Bitcoin / Bitcoin Discussion / Re: What would you consider living on crypto? on: August 25, 2021, 11:50:58 AM
Was having a discussion with someone getting who is getting into BTC the other day about the 'living on crypto' movement.
Mostly about the people who want to get paid in BTC / crypto and only spend  BTC / crypto staying away from banks.

Personally I wouldn't want to live on crypto because of a very simple reason, the extreme price volatility. So today if the bitcoin price is very high and it is my salary date, I will be receiving less unit of bitcoins. And tomorrow, if the bitcoin price drops by 15%, I will be spending more units of bitcoin to buy my regular supplies.

To be honest, bitcoin has not reached that point where it can be considered as a regular currency. Things might be different for El-Salvador people, but for the rest of the world, it is still an investment with extremely hugh growth potential.

Quote
Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?

For the use as a currency, it's always better to have the reference of USD so that we can ensure that we aren't spending more than the retail price of a product.

1 bitcoin = 1 bitcoin formula doesn't apply here! The price swing still doesn't make bitcoin a spendable currency. If bitcoin price stabilizes, then possibly more people will be interested in using bitcoin as a currency system. But as of now, I personally would want to save every bit of my bitcoins rather than spending it.
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