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I am just visiting this thread again from yesterday and reading over the reports.
There are a lot of points of interest.
As stated in the Google Newsstand article it is not clear what or how Microsoft plan to implement the Decentralized ID system,
or whether we will see them adopting an existing project like, Bitcoin, Ethereum and Litecoin or building a decentralized network themselves.
“After examining decentralized storage systems, consensus protocols, blockchains, and a variety of emerging standards we believe blockchain technology and protocols are well suited for enabling Decentralized IDs,” today’s announcement post from Microsoft says.
Identity is one of the long-touted use cases of blockchain technology that does not have anything to do with payments or currency. In today’s post, Microsoft points to Bitcoin, Ethereum, and Litecoin as three specific platforms that are suitable foundations for DIDs.
This is from their blog post mentioning "new partnerships", is this a wink to IOTA?
Over the last 12 months we’ve invested in incubating a set of ideas for using Blockchain (and other distributed ledger technologies) to create new types of digital identities, identities designed from the ground up to enhance personal privacy, security and control. We’re pretty excited by what we’ve learned and by the new partnerships we’ve formed in the process.
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Security, Reputation and Fees is what I went for.
Security is really no.1 although you can never really be in control of your funds on an exchange
if we can look after security of login ourselves it is best to have good security in place in case our hardware becomes stolen or compromised.
Reputation is important too, the last thing anyone wants is shady platforms and there is a lot of chat about various exchanges whether justified or not I'm not sure.
and fees of course, no-one wants to pay big fees, although we all know fees have to be paid to maintain a proper service for all to use in the future.
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it sounds interesting, a marketplace for buying and selling through crypto.
I have a couple of thoughts about it though:
Like everything the success of this will ultimately come down to adoption and useage,
if the marketing is not implemented its going nowhere.
It will also be difficult to get non crypto users on board.
(as the seller will receive the funds only when the buyer confirms the delivery) this could potentially increase the costs of the goods because
registered postage will have to be used.
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I always like these posts that look at old threads from the history and see what people are saying about prices. I don't care about whether they were right or wrong but it is pretty interesting to see the mindset at that point and hopefully if you were around at those dates you can see what kind of mindset you yourself had and if it was right or wrong. it can give you some good experience too. some fun history can be found if you dig too deep like this: https://bitcointalk.org/index.php?board=57.16120then you can find gems from the old days like this one: https://bitcointalk.org/index.php?topic=57279.0which is basically kwukduck saying bitcoin is dead and will fall from $7.5 to $0.7 Its funny alright, some things dont really change. Here is a quote from one of the example threads, it is almost similar to what some people are thinking now, will I buy now or wait for an extra fall? will I buy now before it goes up? If only we could go back 6 years $6.50 per bitcoin... we would buy at the $7.XX price without comment or hesitation. SO lesson to all, BUY NOW "Hindsight is perfect vision, Foresight is a blessing"I think this correction is very healthy. People are not yet ready to buy at $7+. I for one am thrilled for the possibility of still getting coins at $5.x which seems likely at this point. Or even at low $6.x.
This correction will reverse very quickly once it hits the $5.x area. Hopefully I can get some cheap ones before it's too late.
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I doubt if Google would ban ICO marketing. Why pick on crypto? there is already so much crap online it is up to people to form their own conclusions and make informed decisions, and thats not just for crypto. Here is what Jason Roy has stated about Google. A senior investigator at the Manitoba Securities Commission in Canada has said that the country's regulators are "very pleased" with social media giant Facebook's decision to ban ads for bitcoin and initial coin offerings (ICOs),
Jason Roy, who is also the chairman of Canada's Binary Options Task Force, said that regulators have been in conversations with Google regarding their concern that "these types of ads are leading people to becoming victims."https://www.coindesk.com/canadian-official-wants-google-ban-ads-crypto-icos/ |
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Interesting thoughts. IMO too many people buying in with the wrong mindset, and are just hoping to make a quick profit -- but have absolutely no idea what the technology is about.
IMO, at the moment, these easily manipulated and inexperienced day-traders and speculators/gamblers who puts in more than they can afford to lose, while panicking way too easily due to FUD or easily scammed, are one of the major reason behind the current extreme volatility (coupled with the fact that the crypto market is currently still pretty young, and the MCAP is still relatively low than what it potentially could be in a few years time) -- and this is not good for the image of cryptos overall + impeding good cryptos from becoming adopted more widely in real-word use.
Perhaps the higher tax in the US on crypto trading + regulations is a good thing. Slows things down so that the price will match more closely to the actual development and adaptation of coins, rather than due to hype + reduces the amount of pump-and-dump scams by unethical whales trying to take advantage of inexperienced newcomers for their own profit to fill their already full pockets.
I agree with the above and with the OP. I have learned of people i know who bought bitcoin in November and December 2017 who knew very little of it. They just thought they were going to hop on the train and it would take them to a better place. They subsequently sold at a loss from fear of total loss and this has happened to too many people hence we are where we are now. Its hard to get away from that and its not isolated to crypto but we need to educate ourselves before investing. |
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Hmmm i suppose there would be a certain amount of repetition in the markets and reactions to its movement.
I wonder if anyone in the past did any other analysis into this?
At a time of a bitcoin price dip was there a reason, and what was the reaction?
I think we all know the reaction from people in general and the price rise that followed the dip.
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Thanks as usual to Yahoo and Bustadice for another weeks payment.
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In this time of Fear Uncertainty and Doubt it is sometimes good to look back at what has gone before. We should learn from other threads from late 2016, through to the latter half of 2017. There were so many threads asking if it was the right time to buy Bitcoin because the price was rising but some people still doubted it would last. So here are a few older threads which could be interesting and helpful for these current times and to learn to BUY NOW and have no regrets. Warning These are big threads, I have listed the thread start date, the title, the link and the approx. price of BTC at that time. September 30, 2016, Bitcoin is a good investment now, because... https://bitcointalk.org/index.php?topic=1631600.0 (bitcoin price - $605) July 06, 2017, Is it too late to buy bitcoin? https://bitcointalk.org/index.php?topic=2006434.0 (bitcoin price - $2864) August 06, 2017, regret by not believing in BITCOIN? https://bitcointalk.org/index.php?topic=2068454.0 (bitcoin price - $3252) October 19, 2017, when is the right time to invest on bitcoin https://bitcointalk.org/index.php?topic=2288662.0 (bitcoin price - $5411) We wont be going back to those prices above and we may not be visiting sub $10,000 after this current low spell so buy now. |
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The IOT and AI are indeed shaping tech trends and to the forefront at the moment is the automotive industry. It is no wonder that the largest automotive supplier in the world BOSCH has invested in IOTA. http://www.bosch-presse.de/pressportal/de/en/robert-bosch-venture-capital-makes-first-investment-in-distributed-ledger-technology-137411.html“Distributed ledger technology will play an important role in the industry of tomorrow,” said Dr. Ingo Ramesohl, Managing Director at RBVC.As technology moves forward we are going to see more and more "things" connecting to an internet, the oven, washing machine, heating, motors etc. and this is set to grow massively as per the following. The Internet of things (IoT) is the network of physical devices, vehicles, home appliances and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these objects to connect and exchange data.[1][2][3] Each thing is uniquely identifiable through its embedded computing system but is able to inter-operate within the existing Internet infrastructure.
Experts estimate that the IoT will consist of about 30 billion objects by 2020.[4] It is also estimated that the global market value of IoT will reach $7.1 trillion by 2020.[5]https://en.wikipedia.org/wiki/Internet_of_things |
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I can imagine in this current time people in general are going crazy and checking prices very regularly.
Personally I am checking about twice per week now.
Anything positively or negatively wild happening is going to appear here on the forum and I m here every day.
Anyway I am in crypto for the long term and currently I am not trading either.
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Im sure you mean, why countries DONT accept bitcoin in transactions?
because at the moment only a handful of countries have recognised it as a form of payment,
but not to replace any fiat currency.
I can understand some peoples thinking that if and when bitcoin is regulated by countries maybe there is a chance it woild be accepted as legal tender but i cannot see it happening.
Countries will simply create their own regulated crypto.
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Cryptos are up and they will be down again.
There is a wave of bank instigated crackdowns on payments from credit cards to buy crypto ongoing which is creating fud.
There will be more fud, there always is.
The believers and long term visionaries will be hodling.
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Think everyone already knew this. Yes, ICOs are to blame when they're asking for millions to do things that are nowhere near the complexity of what Bitcoin tried to do without any money. But people themselves are to blame for funding these projects, and allowing devs to use the money as they please without questioning. But that is the way it would have gone, no one would be a genius for predicting that the moneygrabbers would come to play. Just take it in and let it go. That's how it the world works And too many fucking exchanges.
What's wrong with that? Would you prefer one Mt Gox to rule them all? The more competition the better. The more choice the better. I do wish everyone would please start to use decentralized exchanges more though. People obviously want to put money into ICOs, the good ones and the rotten ones, it's their decision. Think survival of the fittest. The more people get bruned a bit the more they get scared and with a bit of luck start learning in order not to get burned again. This isn't ICOs fault, it's an evolutionary principle we have known way before we knew how to light a fire. Decentralized exchanges for the win! Crypto is evolving and we all need to kaap pace with that, so no its not gone to $h1t. It is like the survival of the fittest both in ico's and us users, for ico's the good ones will survive and the scams ones should fade away, Unfortunately people are going to get caught in the crossfire but we have to learn not to repeatedly getting caught. |
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Oh my gosh! Bitcoin is crashing! - Who has not heard that in the last few weeks?
Well, I am the "Glass is half-full" kinda guy. I see a Fire Sale of bitcoins, where they see a crash. Since December the price went down with almost 60% <Most people are dumping coins left, right and centre and everyone is running for the hills... The end of the world is coming!
Not me. ^smile^
I am like a kid in a Candy Store. If I had enough money, I would have bought all the sweets at the Fire Sale! ... not just that, I would have bought the shop, closed the doors and kept all the sweeties for myself.
Unfortunately, my funds are limited and I can only afford to buy the sweetest candy as my fiat income is paid weekly. <Yes, believe it or not, some of us still have to work to pay the bills>
A lot of people said, "I missed the boat, because I did not buy early enough." Well NOW is your chance. Get it whilst it is still HOT!
DO NOT buy on credit! Buy responsibly, like I do. Pay those bills, skip a few Mc Donald hamburgers and buy some bitcoins!
!!!See you at $20,000!!!
I am absolutely not dumping either. Like you i get a weekly wage and after the necessary bill payments and expenses i cannot buy as much as i would like, But the number 1 is the essential bills and other responsibilities. There is no way i would buy crypto on credit, Like anything else if you cannot afford it dont buy it. |
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Absolutely agree with the op.
The first thing i noticed with HITBTC was the 'deposit' fees,
Yes we have to pay for the privelage of depositing funds on HITBTC along with transaction fees to get them there.
So we pay,
Transaction fees
Deposit fees
Exchange fees
Withdrawel fees
Its too much, to the point that HITBTC is not my exchange of choice.
Of the exchanges I use bittrex, poloniex, cryptopia, bitfinex,
I think HITBTC are the only ones with that extra fee for depositing?
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All responsibility for the transaction lies with the sender and the receiver because they know the purpose of the payment. The person who provides your channel in the lease do not have to know the purpose of the payment. When you provide a car in rent you are not responsible for the illegal actions of the driver. Law enforcement agencies need to prove that you are part of the system. By default, you are only a tool.
Is it correct to apply the case of a car rental to something which is already under surveillance by law enforcement agencies around the world, crypto? we all know that crypto is used by some criminals because of its privacy and untraceability features, so I would be worried that some Lightning transactions could be deemed as suspicious by those same agencies as per the scenario detailed by the OP. I wouldnt be so sure that Charlie would be able to proved innocent in the transaction? It certainly raises an interesting debate. |
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According to this report they are "working really hard" to keep up with the demand from the two main sectors Gaming and Crypto Mining. https://www.polygon.com/2018/2/8/16993264/nvidia-gpu-supply-production-shortage-cryptocurrency-miningAs we see more and more crypto currencies and tokens coming to the market over the last year or so and with their increased adoption especially over 2017 is it any wonder there is such a demand? Also with the current low point in value its a perfect time for miners to harvest cheaper currencies because the value is only going to go up. It also means every joe-soap has a chance to mine tokens. |
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is this legal share merits with your friends? and some one is begging for it? or else give merits and trade for something?
That is not totally illegal, you are the one controlling smerit available into your account but remember the main purpose of the merit system is to recognized the member who did more constructive/quality post. this is the only point that matters. Merit is to promote constructive and helpful posts and topics, end of story. If your friend posts something of value go ahead and sent him/her merit. In the long term we want this forum to survive and not fall into the realm of poor quality posts and nothing of value to anyone. If this forum doesnt last what would the alternative be because AFAIK there isnt any other forum that comes close. its up to everyone to promote good quality content and the merit system will grow alongside, we are still in the very early stages of the new system. |
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