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2321  Other / Meta / Re: Received a ban of 7 days. Help please understand, because of what. on: September 08, 2018, 09:12:46 PM
Strange, I always thought only organising giveaway threads was a bannable offense, not participating in such. I was wrong though:

Most giveaway threads are no longer allowed in the Alternate cryptocurrencies sections. From now on, posting or replying to such threads could result in being banned. ...

I think this is the reason https://bitcointalk.org/index.php?topic=4984009.msg45010562#msg45010562, but maybe the reason is different?

If so, you're not the only one, there are over half a thousand replies in there Wink Strangely, the topic is still not locked by the mods. Maybe they want to keep it open as a honeypot...
2322  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.10.0 on: September 08, 2018, 08:32:59 PM
https://bitcointalk.org/index.php?topic=2980293
is it official from DogeCoin Team? Huh

No. This is a separate coin, the only thing in common with DOGE was that the initial distribution was made to DOGE holders as per snapshot block.

Also, as mentioned somewhere above, it's got also nothing to do with dogethereum bridge.

Plus, there's no such thing as "official" Dogecoin team at all.
2323  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.10.0 on: September 08, 2018, 07:29:57 PM

OK, what the hell is going on? Have traders just spontaneously decided to escape from losses into DOGE? Is DOGE the new Tether?

This can't be just coincidence.


I seriously feel like FOMOing in...
2324  Alternate cryptocurrencies / Altcoin Discussion / Re: Jobless No More on: September 07, 2018, 03:38:56 PM
...

When everyone knows about cryptocurrencies activities I think no more jobless people out there.

Sure thing! And then the people who do have jobs will quit and go 100% into crypto because why would they spend huge chunk of their life wageslaving. The whole world will be making money on fucking airdrops and bounty campaigns!!! Totally sustainable r...right guys?

Seriously, do you people act stupid or are you seriously that clueless about how the world works?

ps. For those who don't know - 3rd world country people trying to earn on crypto is precisely the reason why we have restrictions on ranking up in a form of Merit system.
2325  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [ANN] www.bitpanda.com Buy/Sell ETH/BTC with Visa Mastercard Neteller Skrill on: September 06, 2018, 02:21:16 PM
I used to use this exchange  Bitpanda. I was able to deposit Crypto and sell for Neteller Euro. But after your upgrade Bitpanda,  i am not able to do that anymore without verification. I can not deposit crypto without verification and can not access withdrawal Neteller and Skrill. What do i do?

Verify.
2326  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: ShapeShift.io - Instant Coin Exchange - No Account Needed on: September 06, 2018, 02:14:11 PM
"FOX" tokens? What are they supposed to be?

Everyone and their mother are issuing own tokens nowadays. It's the easiest way to make money in the cryptoworld.
Weirdly enough, there already are "Fox Trading" tokens, with FOXT ticker. Good luck not getting confused.

If they are now going to allow registration, meaning "send your ID to us" in order to exchange larger funds then it means they will alienate a large part of their customer base.

From the article linked above I understand that for low levels accounts you'd only need to submit basic info, probably just name, email and country.
2327  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: ShapeShift.io - Instant Coin Exchange - No Account Needed on: September 06, 2018, 01:43:29 PM
The Founder and CEO of ShapeShift, Erik Voorhees, has announced that the exchange is launching a membership program and soon, anonymous trading will not be available. For years, ShapeShift has been an easy way for cryptocurrency users to convert cryptocurrency into other types of cryptocurrency.

Not having to register and create account was Shapeshift's key feature. Without that, they'll lose most of the appeal and will become not much different from any other crypto exchange out there.

If they made such decision just to be on the 'safe side' of unclear regulations, they should make sure it's absolutely necessary.



Edit: source: https://news.bitcoin.com/shapeshift-membership-user-information/

Quote
Voorhees described five levels of membership. “Level 1 is available now, and is free and open to everyone,” he confirmed. The transaction limit for this level is $10,000 with a $50,000 monthly cap on volume.

“Levels 2-5 will be available later, and enable benefits on higher amounts of volume,” Voorhees added. These levels “are optional and require FOX tokens,” standard Ethereum-based tokens “which will have a number of features and functions when they become available,” Shapeshift’s website clarifies.

Oh, they're creating tokens now...

2328  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 06, 2018, 11:06:51 AM
This is Gold  Grin


FTFY
2329  Other / Beginners & Help / Re: Is Blockchain mining network real or scam? on: September 06, 2018, 10:07:57 AM
I don't know about that particular one OP (is "bitcoin mining network" their name?), but see this old thread with good tips how to spot a scam/ponzi mining scheme:

https://bitcointalk.org/index.php?topic=878387.0

And never send any money to some newly created website. Any legit cloud-mining business would likely have a dedicated, official or unofficial thread on this forum or other platforms + always google search the name and search for reviews.
2330  Economy / Service Announcements / Re: Nexybit.com- Bitcoin Futures Exchange site. 1x~50x leverage, rich volume on: September 06, 2018, 09:21:58 AM

Hi, is there a specified date for the launch/distribution on NXY tokens? I believe it was meant to be sometime in September, if memory serves me right.
2331  Economy / Economics / Re: How to Retire in Your 30s With $1 Million in the Bank on: September 06, 2018, 08:59:54 AM
...

A lot of people are beating inflation by relocating to third world countries where the Bank interest rates are higher than the first world countries. A uncle of mine worked in a first world country for 30 years in the Post Office and on his retirement income, he would barely survived.

His solution was to relocate to a third world country, where he got more interest on his savings and also a favourable currency conversion for the money that are coming from his first world retirement fund. He is currently living like a King in a third world country, with his Post Office pension fund income.  Grin <He is also getting 8% interest on his savings>

That's definitely something to consider Wink Sounds like a solid plan 'B' if everything else fails.

As always there are some downsides and obstacles: you'd need visa/residency permit etc, there's language barrier, and the higher interest rates almost always come in pair with high inflation and general instability.
2332  Economy / Economics / Re: 44 % of startups/ICO still active 120 days following the end of their fundraise on: September 06, 2018, 08:45:03 AM

How do they define whether project is active or not? It's not stated in the abstract and I don't feel like creating an account just to download the full paper. 120 days after ICO completion doesn't seem long enough to jump into conclusion that devs abandoned it and run off.

This is such a bad news to hear but in turns what is going to happen is people will learn their lesson.

? The average returns are still enormously high as compered to traditional investments. That means you could just be throwing equal amount in every ICO without any research whatsoever and still make huge profit. That's insane and cannot last.

2333  Economy / Economics / Re: How to Retire in Your 30s With $1 Million in the Bank on: September 05, 2018, 09:02:37 PM
...
People are bombarded with ads constantly and in
consequence develop the feeling that they really need that car or that vacation.
Some are even so stupid to buy depreciating assets like a car or a
new TV by going into debt.

Reducing your exposure to ads is the first step if you really
want to live a more balanced lifestyle without having to worry about
your finances constantly.

The bigger problem is that we, as society, operate on social hierarchy system, with wealth being one of the indicators of high social value. There's an enormous pressure, especially on young people (with all their insecurities) to try to highlight their wealth (or fake it) with expensive phones, cars, holidays etc. And with loans, car finances, credit cards easily available, even low-earners can purchase flashy items creating a pressure on their peers to do the same.
2334  Bitcoin / Bitcoin Discussion / Re: Japanese Online Retail Giant Buys Bitcoin Exchange on: September 04, 2018, 08:16:40 PM
...
" Plans "... this may be a few years from now or it may never happen.
...

From Investopedia:

The acquisition will cost Rakuten 265 million yen (around $2.4 million) and will be effective Oct. 1.

So looks like it's all set and agreed, but that's definitely not a high-profile acquisition. To be honest I'm having hard time finding any info about such exchange, called " Everybody's Bitcoin", it's not featured on Coinmarketcap, which is very strange.

The entire thing could have been a stunt similar to Kodak's bitcoin mining announcement - essentially using overhyped "blockchain technology" to boost stock prices up. If so, it didn't work for Rakuten, their stock went down on the announcement day.
2335  Economy / Economics / Re: How to Retire in Your 30s With $1 Million in the Bank on: September 04, 2018, 07:49:47 PM
...
I purposely ignored inflation because it would add complication. On the other hand, a 5% return is on the low side. If you get 7.5% return with 2.5% inflation, you would be back on track.

Yup. And there's another upside: if, during those years, your expenses included mortgage payments - those will decrease or get fully paid off, so you'd need less income to keep the same lifestyle.

I highly doubt that this can be done in the current era.

Of course it can. It's not like we're talking about some ancient concept from the 60s. The key is to not get stuck in minimum wage, entry level job, as such would pay at, or below survival rate, leaving no room for saving.

... so that in the next 10 years they can have billion in their account. I am sure that would be the money which they will need for their next 60-70 years if they wanna get retired by 30's.  Wink

The idea is not to eat through your savings until you die, but to accumulate enough money to generate you sufficient interest/investment income to live on that. Doesn't really matter if you live 20, 70 or 100 years of retirement.
2336  Alternate cryptocurrencies / Altcoin Discussion / Hot off the press. Get ready for Crypto Island on: September 04, 2018, 12:19:16 PM

Things are getting serious:

Cryptocurrency behind Great Keppel Island's $300 million resurrection
https://www.smh.com.au/business/companies/cryptocurrency-behind-great-keppel-island-s-300-million-resurrection-20180903-p501ip.html



Quote
Now an ambitious cryptocurrency consortium plans to resurrect it as a high-tech wonderland including a luxury resort, private villas and apartments, a golf course, retail outlets and a marina in what is being sold as the world’s largest cryptocurrency-backed property deal.
...
In coming days investors will be invited to buy so-called Great Keppel Island Tokens in order to fund the $300 million development through what is known as a Security Token Offering, similar to an initial public offering for shares.

The tokens will be tradeable on existing cryptocurrency exchanges. Unlike other cryptocurrencies though, the GKI Tokens will be backed by the value of the development, which the consortium behind the deal claims will be worth billions after the development is complete.

If this works, ICO could be seen as the most effective way to raise funds even for high profile developments. But something tells me this will end up as just another money-grab scheme where ownership of token means nothing. Anyhow, looking forward to the whitepaper.
2337  Economy / Economics / Re: Can Bitcoin be programmed to process deferred payments? on: September 04, 2018, 10:40:56 AM

Yes, it can be done. It's not a rocket science and definitely doable. You don't do it on Bitcoin protocol level and you don't need a smart contract for that (the latter could work too though). You could implement it ie. as a feature of bitcoin wallet that lets you send predetermined amount at specified time to given address either as one-time or recurring transaction. Although in this case you'd need to have your wallet active and connected to internet at the time of transaction.

It's even easier if done via 3rd party service - apparently Coinbase was experimenting with such feature back in 2014 (don't use them so don't know whether this is still the case): https://www.quora.com/Is-there-any-Bitcoin-recurring-payment-platform
2338  Other / Beginners & Help / Re: Any particular rules for contests where you give away crypto? on: September 04, 2018, 09:27:20 AM
...
As long as you do not do fraud, you have nothing to worry.

How about you stay away from 'Legal' board and stop giving people potentially hurtful "advises"? Go bump your post count somewhere else.

2339  Economy / Speculation / Re: Good or bad? 18% of US students own cryptocurrency on: September 04, 2018, 09:13:00 AM
...
what I got from their post is that they basically went to top 50 universities in US which already have some sort of course on blockchain technology and ask their students about cryptocurrencies. of course it didn't mention how those students were chosen, if they were from different departments it would be more accurate than if they asked those participating or have participated in one of these classes.

You got it slightly wrong, as per coinbase blog:

Quote
Key Findings
- 42 percent of the world’s top 50 universities now offer at least one course on crypto or blockchain

- Students from a range of majors are interested in crypto and blockchain courses — and universities are adding courses across a variety of departments

So they went to top 50 unis and discovered that 42% of them offer blockchain courses. And they did survey across different departments, there's even this bit (quoted from coindesk article) which I find surprising:

Quote
While 34 percent of computer science and engineering majors indicated interest in learning about the nascent technology, 47 percent of social science majors are interested in the same, according to the survey.

2340  Economy / Economics / Re: How to Retire in Your 30s With $1 Million in the Bank on: September 04, 2018, 08:59:21 AM
For every $10,000 income ...
Yearly Spending: $5000
Yearly Savings: $5000
Interest: 5%
<snip>


This looks nice and all, but you ignored inflation, which is a very important factor here. Assuming inflation at 2.5%, your interest effectively goes down from 5% to 2.5%, resulting in this:

Year   Spending      Interest     Total Savings
1    $5,000.00     $0.00     $5,000.00
2    $5,000.00     $125.00     $10,125.00
3    $5,000.00     $253.13     $15,378.13
4    $5,000.00     $384.45     $20,762.58
5    $5,000.00     $519.06     $26,281.64
6    $5,000.00     $657.04     $31,938.68
7    $5,000.00     $798.47     $37,737.15
8    $5,000.00     $943.43     $43,680.58
9    $5,000.00     $1,092.01     $49,772.59
10   $5,000.00     $1,244.31     $56,016.91
11   $5,000.00     $1,400.42     $62,417.33
12   $5,000.00     $1,560.43     $68,977.76
13   $5,000.00     $1,724.44     $75,702.21
14   $5,000.00     $1,892.56     $82,594.76
15   $5,000.00     $2,064.87     $89,659.63
16   $5,000.00     $2,241.49     $96,901.12

With median income for US of ~$45k (quick google search), that gives $10,087 annual interest, so less than half of what you need to maintain the same, frugal (dis)comfort of life, unless you manage to get better yield for your savings.
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