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2501  Bitcoin / Bitcoin Discussion / Re: Bitcoin fees make me angry on: October 29, 2017, 07:20:09 AM
What the hell ?




it's way too much . i pay higher on fees than the amount i'm sending to people
and i work a lot with bitcoin on small amounts..

The best solution i found now is  pay using ETH , then convert it to BTC using changelly. (something like 0.2$ fees) and its automatic.
Shapeshift is also take huge fees and blockchain.info support it to be part of their site. (don't use) .



You really don't need to get worked up over that because its something you can correct and the fact that its high does not mean you have to accept it. The option of customizing fee is there where you can select the amount of fee you want to pay and it will still  confirm within reasonable time.

Another way is to ensure that since you are collecting small amount of bitcoin try as much as possible to limit the addresses you use because the number of addresses to aggregate where the sum payment is coming from is also something of concern here that goes a long in determining what will be the transaction fee.
2502  Other / Meta / Re: Signature rules? on: October 28, 2017, 05:02:05 PM
Can someone point me towards rules for personal signatures? I had a Binance referral link and a KuCoin referral link in my sig, but one was removed. Is that against the rules to have 2? Thanks

Maybe it has something to do with your current rank because I have seen some higher rank user have several links on their signature space which covers more rather than wearing for a paid campaign. In the case of paid campaign its always said as part of the rules that you are not allow to advertise any other service in your signature space but since this is not the case of yours, you then have to choose which one you will go with the moment when that is settled, you will know if its about rank or the link itself that led to the removal.
2503  Bitcoin / Bitcoin Discussion / Re: If bitcoin is deserted on: October 28, 2017, 04:48:51 PM
What will happen once after a fork, every decides to leave/sell out their bitcoin for the forked alt. Whatever the reason, whichever the fork and outcome name, would that be the end of bitcoin? How will the btc value be afterwards?
And how would the miners react to it?

Based on what you have put forward, one thing is sure bitcoin is what the community said it to be so if tomorrow, the attention shifts to the other coin and people are beginning to see that a forked coin is bitcoin then there is no going back and forth over the issue but the practicability of that happening is what I don't see because the core bitcoin has come a long way to what it is today and its because of that success that some other developers are trying to tap into by the process of fork. So no matter how they make it seems, it cannot still be cut away from the original bitcoin.
2504  Bitcoin / Bitcoin Discussion / Re: Do you diversify? on: October 28, 2017, 01:41:37 PM
I would like to divide this question into two different ones:

1)   Do you have your investments diversified in general and don’t only hold bitcoin? I mean if you also have stocks, funds, bonds, metals, participations in businesses etc.

2)   Do you hold only bitcoin or do you also hold other cryptos?

My answer is yes to 1) and not yet to 2) but I will.


In answering the questions, then I will go thus

1. Yes I do, as I have interest in other business areas and because I even do a day job, its an investment offline on its own a place where I spend 40 hours in a week is enough.

2. I hold some amounts of coins but just a few and not enough to qualify as a portfolio. I only invest in the few ones I believe in and that will go ahead in deciding if I will continue to hold and pull out
2505  Economy / Marketplace / Re: Is it possible to use bitcoin like offline currency? on: October 28, 2017, 11:25:34 AM
Few days ago a friend asked me this questions. But i cannot understanding that how to i give him answer. At last i said him that, bitcoin is an online currency. Only this currency used in online marketplaces. It is not possible to use it in offline marketplace like offline currency.

But what is your best answer of this question?

At the present moment today, bitcoin cannot be used offline because without the internet, even offline desktop wallet won't synchronise and nothing can be done. Maybe in the future based on the news I read some months back about a project that is looking at launching a satellite that intends to make bitcoin available offline through the use of USSD or something like that, we still have to do with what we have currently which is ensuring one is online to send and receive.

However, its not necessary that the market needs to be online as if I own a store, you walk in and I tell you to pay me bitcoin, even though you pay online, my shop is offline and the market is also offline.
2506  Economy / Service Discussion / Re: A university in Vietnam receives tuition fees in bitcoin on: October 28, 2017, 09:47:51 AM
Le Truong Tung, President of FPT University announced on social network on October 26 that the university with accept Bitcoin payment of tuition, which will be first applied for foreign students.
http://vietnamfriendship.vn/FPT-University-acccepts-Bitcoin-payment-05-16697.html?page=40

Reading the article further gives an insight to what is being talked about by the university official and its really something that is worth commending considering the group of student that reference is made to in the article. Education should not be too expensive to get so far you have the fund whether in fiat, electronic or digital as such.

This surely a landmark one but I doubt if it will command the attention we all seek for it because if it had been a country like the United States, we then have the popularity that a lot of intending students will have to consider for post graduate degrees.
2507  Economy / Speculation / Re: Why bitcoin can never go past $7000 on: October 28, 2017, 08:09:36 AM
Bitcoin's volatility has been steadily decreasing over time, which means huge price movements upwards are less likely than ever. Sorry it's not going to happen. I think 5000-6000 range is the correct or fair price.

I was expecting to read more reasons backed with analytical evidence even if its historical to support this your argument but no I didn't get but only about the decreasing volatility which to me is just normal. If you really understand the way bitcoin price works you will realise that at any point in time, there is always a calm or stagnant period which is what is being witnessed. This stagnant period can sometimes take a short number of days or sometimes weeks unless something big happens to either push the price higher or lower, we expect to be within range.

The price will go about the range you talking about if the BTG issue that didn't get the amount of coverage could get price to this range, I expect the upcoming one in November to do more than this and it's possible.
2508  Economy / Gambling / Re: directbet.eu - How do we reach them to settle bets? on: October 28, 2017, 03:08:36 AM
There is nothing stopping any business who has decided to close down but what should happen is that they are expected to redeem all their pledges and if they fail to do that after they promised to do that, I don't think that is falling short of scam activities. We have some projects close down that gave room for users to contact them till all issues regarding claiming of liabilities and related issues are claimed before closing down finally. They did close in the middle of the season knowing fully well a lot of people would have place bets till the end of the season which means by default, their lines should be open till the end of the season and grace period after that rather than subjecting their clients to all sorts of speculations around here.
I really doubt that they will pay the unsettled bets , they are already inactive and the site isn't reachable anymore
not saying that Directbet is scam , but they are already out of the business so I fairly doubt that they care about paying the pending bets

The whole closing reason wasn't obvious , so probably it's a legal thing and must likely they won't show up again to pay the old bets 
2509  Bitcoin / Legal / Re: Canada Court Holds ICO Organizer in Contempt on: October 28, 2017, 02:24:05 AM
via CoinDesk  https://www.coindesk.com/canada-court-holds-ico-organizer-contempt/

It is now possible to have a regulated ICO in Canada, via the sandbox program... https://www.securities-administrators.ca/industry_resources.aspx?id=1588 

So be prepare to see more and more arrest and lawsuits bring by the Canadian Regulators, on any undocumented, unverified and unregulated ICO.

I think this could be a first step to start to "drain the swamp" from scamsters to good guys..

Louis
www.bitcoin-law.ca

The issue of ICOs raising funds cannot be said enough even though we all know that there is need to sanitize that entire section of the crypto-world, it still does not mean the good guys won't be affected because in trying to do the right thing in terms of registration and getting the proper clearance, you might be buried in paper works, the unnecessary costs, the need to bring in underwriters and every other timing wasting agents applicable in fiat. My humble opinion, is that there should be a publicly published procedure for ICOs solely, and not to be treated as raising money in the stock market. With this everyone knows and do the right thing or else, cases like this will continue to happen.
2510  Economy / Gambling discussion / Re: Do you need licence to open up an online Bitcoin Casino? on: October 27, 2017, 09:22:53 PM
Hi Guys,

I was researching the idea to open up an online casino way back (2-3 years ago), that time it needed all sort of licensing from the country it would operate from, how does it work with a bitcoin casino?
some casino software sites claim no licensing needed?

Thanks
pete


If your plan of a gambling site is to operate below the radar and focus on just operating within section of the market then you probably won't need to get a license because the amount that would be involved won't be enough to raise an eyebrow. But if the plan is to go mega to compete with established names, there is no way to avoid obtaining a license because that is what will give credibility to the project.

Aside that, mere launching on the forum alone will open the site to a lot of scrutiny and verification in which that licence is key in that without which, the project is dead on arrival and the country of residence will determine the costs involved in obtaining such license.
2511  Economy / Service Discussion / Re: Signature campaign and foreign language on: October 27, 2017, 08:07:13 PM
Hello friends,

I have a little question based on your own experience coz I can't find any reply.
When posting for a signature campaign, do you write inside foreign sections like german, french, italian, etc.
I know signature manager usually do not accept some topics, like beginners, politics or games.
But I never read anything related to foreign sections and I saw some users doing it.

Any comments or feedback ?

Regards
The only answer to that is "can I determine the quality of a post in the language I don't understand?" I guess not and even the Google translator, you cannot be perfect as I have used it before and even though I don't know the meaning, I also know Google is translating nonsense.

That's more reason why there have been several scam accusations against translators of thread even after they must have been paid because the manager does not even understand  what's being translated. So, why some managers expressly ask that it should be on board not to be counted, others by default expects nobody in their campaign should post there.
2512  Other / Meta / Re: suggestion: Ask for a BTC address upon registration on: October 27, 2017, 07:40:26 PM
Given that more and more people keep losing their account and the only 100% certain verification that a new account can claim to own an older account is if the older account got an unedited, quoted or locked BTC address somewhere... why not ask for a BTC address during registration?

Most people learn about BTC addresses being an useful way to verify your ownership when it's too late, so it comes down to luck if you posted your BTC address somewhere or not, so it should just be a part of the registration process, or at least make it optional and clearly say that if you don't add a BTC address it may be a problem if you get hacked.

Can admins see the history of any changes in the "Bitcoin address:" thing on "Profile"?


You have made a valid point and its something to be considered because cases of hacking have been targeted at high ranking account and the forum is equally doing more to ensure this is addressed to a large extent.

However, the issue I see with your suggestion is at the point of registration, a lot of people don't even know what a wallet is all about like my own case and its not even about owning an address alone but be able to sign from it which we all know as a newbie the only address you get exposed to are web wallets with limited options to use. But its still an idea to fine tuned to come with a better alternative.
2513  Economy / Service Discussion / Re: Blockchain.info Bitcoin Gold on: October 27, 2017, 05:19:09 PM
blockchain.info hasn't made an official statement on the Bitcoin Gold fork, have they? I assume they're going to do the same thing they did with Bitcoin Cash, but who knows.

Looks like Bitcoin Gold continues to tank, so maybe they'll not bother with it?

Its better for anyone not to wait of web wallets providers, I have some coins on Blockchain.info in which I claimed via other means far before they implemented it on their own platform. I wonder what would happen and how much I would have sold if I had to wait for their own implementation before cashing out. The price plummeting is not enough reason for them not to implement it and for them not releasing a statement means they are also considering it. I believe they would still implement it except there is a serious threat or reasons why they should not but the timing is what matters now for someone whose main purpose is to dump immediately its available.
2514  Bitcoin / Legal / Re: Regulation in Kazakhastan on: October 27, 2017, 01:47:46 PM
The central bank of Kazakhstan has submitted proposals to its government to restrict some cryptocurrency-related activities. The central bank’s chairman, Daniyar Akishev, said at a press conference in Astana on Wednesday that this is “to protect the public from speculative risks". Akishev said on Wednesday that the bank and the government are “developing an approach to the issuance and circulation of cryptocurrencies.” This reiterates his statement last week that amendments to the legislation will be developed to regulate them and that currently their legal status has not been determined. But experts  said that bannin mining itself is virtually impossible and does not carry risk for a coutnry.



Its good for them to start the consideration and cutting themselves out of the future of finance. The issue of regulation as being proposed by the Central Bank's chairman is a ruse in itself as its another name for banning which is their ultimate objective. For a country like China or United States that could not stop bitcoin, they are now coming to say they want to develop an approach towards issuance and circulation.

Unfortunately for them, they cannot do anything about the circulation only if they would shut down their internet. On the issue of issuance, they can have an headway in that path by issuing their own government controlled currency aside that, the plan is meant to fail from the beginning.
2515  Bitcoin / Bitcoin Discussion / Re: Can authorities really regulate cryptocurrencies? on: October 27, 2017, 12:32:50 PM
They are regulating or simply shut down existing infrastructure and set up their own controllers.

China and South Korea have banned initial coin offerings, while Russian President Vladimir Putin has called for regulation of the sector.


Yes they can and that is what they are doing and I think its all for the good and we are the ones that called them to the party. When you call an higher authority to the party, you should expect more than what you bargained for and this arises as a result of the several ICOs whose primary motive is to raise money then disappear into thin air. The moment the noise is much, blogs are carrying it, complains were made to the people in authority to do something about the retrieval of funds, you then expect a responsible government to take action because there is no one to make such report to in the crypto world.

The regulation effect is what we are seeing by some ICOs cancelling mid-way, those that are planning to start suspending till further notice, the ones even planning shelving the idea which gives enough time to be concentrated on those that can break the entire barrier into launching. The regulation is real and its cleaning up things.
2516  Bitcoin / Bitcoin Discussion / Re: 21 million bitcoins - 11+ billion people on: October 27, 2017, 09:43:11 AM
There's a hard limit on the number of bitcoins that can be mined: 21 million coins, which is expected to be reached by 2140.

The world is expected to add another billion people within the next 15 years, bringing the total global population from 7.3 billion in mid-2015 to 8.5 billion in 2030, 9.7 billion in 2050, and 11.2 billion by 2100, according to new estimates from the UN.

If bitcoin truly does explode in popularity, think about this for a minute;

Only 21 million bitcoins and 11+ billion people.
With this ratio, the possible price of 1 bitcoin could be huge.

What are your honest price predictions given total world popularity in the years 2020, 2050, 2140?

2020: 20k
2050: 100k
2140: 1m

When it comes to bitcoin it cannot be but said again that the amount of that 21 million is not mean for someone to have one. Even today with the amount of people we have in bitcoin, its not evenly distributed because while someone will have 10 bitcoins, someone might not even have up to 1 and by the time the population envisaged comes in satoshis becomes worthwhile.

Also, don't forget that with the amount of fork that we have out of the original bitcoin, it has increased the 21 million cap to about 84 million which if multiplied with the amount of hundred million satoshis in one, it then means that pressure on one bitcoin that would increase that price becomes reduced to a large extent.

Another factor to put into consideration is that we are assuming all we be trouble free to 2020 when the price will reach that when we all know in actual fact if cannot be all trouble free.
2517  Economy / Gambling / Re: The Crypto Gambling Foundation will be calling out fake "Provably fair" sites on: October 27, 2017, 05:27:17 AM
So in short what the service propose to offer is providing a review on gambling sites. We can only hope that you won't compromised along the line because there are several sites that claim to review but the same gambling sites they want to provide unfettered review about, have their banner on their site as a form of advertisement.

My advice, when you discover a site that does not comply based on your calculations, the first is to contact them because they might have built some valid assumptions into their own calculations so as to avoid issues of going back and forth on the basis of figures which does not add any value.
2518  Economy / Marketplace / Re: Bitcoin Only Exclusive Items on: October 26, 2017, 08:44:16 PM
Does anyone know of retailers which sell goods/services for crypto only with no option of payment made in fiat?

Could this represent a good business model for a small store with an online only presence?

There must be some holding alts who are fustrated by the lack of options in terms items they can spend their coins on. While there are many options for bitcoin, for the most part alts are neglected and there isn't a huge market where they can be utilized without first having to convert to btc.

Could support for ripple, eth, bcc, doge, ltc, dash and other alts be a good foundation upon which to build a small business?

 Huh

I would really appreciate if there is any in my locality but it's really difficult to get one. The only place I see it happening will be countries where the popularity of bitcoin has reached a point where entrepreneurs can have a move to establish their project and because of the popularity, there is hardly need to do much publicity as the market is already aware of bitcoin.

Over here on the otherhand, the market is not there yet as the first few years will be about enlightening the entire populace and if the money is not coming in fast, business cash flows runs into problem, the end is in sight. But this is a fertile ground to be assessed because buying from abroad will make it more expensive.
2519  Economy / Services / Re: SR MEM+ REQUIRED on: October 26, 2017, 06:53:00 PM
BEWARE OF HACKED ACCOUNT
Your Bitcoin Forum ([Suspicious link removed] to shazad@gmail.com by IP address 104.236.213.230. If you did not do this, then you can visit the following link within 14 days in order to lock the account...
I have locked my account and recover... dafuq him.. please ban him and left negative trust


I am so happy not because you fell for something so cheap and was able to recover your account but because the new security measure put in place by the forum administrator is beginning to yield the desired fruits. I wonder the amount of threads that would have been opened on the meta section of the forum and several calling outs, verification and signing of message as a result of this action.

There is no way to over emphasise that if its too good to be true, then its 99% scam and this offer by op is a further establishment of that known fact but unfortunately, a lot of other guys will still fall for something like this.
2520  Economy / Trading Discussion / Re: Day Trading or HODLING on: October 26, 2017, 05:15:45 PM
I haven't really lay my hands on day trading myself but quite a number of people do it regularly but I feel its more pronounced in alt coins where you can easily move from btc to alt coin and vice versa or exchange sites that allows from btc to fiat and vice versa. I personally feel its going to be a stressful enterprise of having to double check your decision every time and several times in a day. It does not worth it at all couple with the fees that could erode the intended profit.

I would prefer to hold for a period of time say 2 weeks which within a lot of ups and down might have been witnessed in other to set an average expectations the moment the expectation is met, I am sell to wait for another day to enter the market and start the process all over again.
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