As and when we know that mining pools have been the core (heart) of all this process where we need someone to run the network in order to validate our transactions, we are also aware of the fact that they get some precious rewards in BTC for doing it. Now, the problem I see here is, mining pools are making hell lots of money without processing transactions (empty blocks) that are meant to be accepted in that block based on fee and timestamp, but they don't. All the reward goes to the mining pool which doesn't even broadcast the transactions to their miners they've been working on, making the network see new empty blocks and getting money for wasting our time. This could give rise to a monopolistic situation that I've earlier discussed in my thread over 51% attack. What can really be done to stop these empty blocks' miners from wasting the whole network's time and get on track?

An exciting article I've found on this:
https://www.financemagnates.com/cryptocurrency/news/spy-mining-pools-making-millions-of-dollars-by-mining-empty-blocks/

So, you came out of nowhere and decided to declare it "a bubble"? You need sheer experience in crypto to even understand why is it valued even at these levels. Sorry if this sounds a bit off-topic, but Bitcoin is scarce in number as well a technology so smooth it helps everyone transact within a matter of minutes (confirmations) and as well, keeping the price high (based on demand and supply factor) helps it gain worldwide attention. High price is needed because it helps wider audience to transact small number of Bitcoins and gain large over their investments, and for new investors, it helps for them to hold a piece of this. Anything like Bitcoin that helps in gaining extra wealth has the power (to not completely turn it out) but at least help the growth of economy of any country. I know that if a country has too many coins with them, then the concept of this innovation to help everyone go digital and anonymous will not be fulfilled as there will be centralization. But having some part of it would really help whenever the "speculation levels" go high and everyone rushes back buying BTC.

Arranged? It's not a party or marriage, you should make them post at least one signed message publicly to make everyone here believe that this is for real, else this is one of the most advanced ways of scam I've discovered. Exchanging phone number should be done on what basis when you're trying to "arrange" things instead of directly showing up with an address signing a message and that you guys are serious in selling them?

7% discount? Smells fishy.


Nice try to make it look like a real drama, shill.  

The question here isn't how much you bought, but when did you get in. You haven't really mentioned when you sold off your stocks, but if you can see, stocks are also not left behind when it comes to dumps and they're also crashing except the USD which is gaining a lot of traction in forex markets degrading each of its opponent currencies. The only reason Bitcoin is down is the interest of investors has shifted back to USD and they're not much interested in crypto anymore. Bitcoin is weak and we need to wait in order to see if these investors come back with full force to give back the boost crypto had in previous year. If you've bought during this dip, I believe your decision is 50% wise and 50% stupid, wise because you entered where there's blood on the streets and stupid because you went all in. I have a suggestion here, either sell some % of your current investment or buy in any token (with some BTC) of which the project is worth investing.

Firstly, I wish to apologize that I shouldn't have asked this for "Bitcoin" alone but instead using the word "Crypto" or " Cryptocurrencies" would have made a different impact on everyone's mind as the whole question changes.

Now, with respect to all the mixed emotions and mostly saying that Bitcoin alone wouldn't be able to deal with the economy of any country, here are a few things I've concluded and I wish to put as my own opinion:

- Even being decentralized, Bitcoin is the first ever cryptocurrency that was introduced early and was adopted by many countries before, till it started showing signs of too much volatility which made it look more as a tradable asset instead of a currency.

- As Bitcoin emerged to be the fastest growing and highest return giving digital token, many countries also started accepting it knowing the benefits of it that having it in big number could really benefit the wealth of their country and as wealth grows, so does economy.

- After crypto's existence emerged, there have been a variable amount of jobs available in different genres (areas) such as blockchain development, token creation, project (ICO) promotion and so on. This also helped many people live a great life as due to the volatility of BTC and other crypto, people held them and received great profits in return. Getting a job to an unemployed in crypto helped too many people work from the comfort of their home instead of being sucked up in those 9-to-5 jobs where you're required to give each drop of your blood to that job. This allowed everyone, the freedom to work and as well, spend most of their time with their family.

- Last one:
As Bitcoin is limited in number, I believe that countries which will have the most amount of Bitcoins once it gets completely mined, are going to reap the most better profits. Now, how would this not be helping the country to grow their GDP as well as how it won't support that country's economy? I know everything here is hypothetical and can't be assured, but I'm only taking the possible outcome that may be seen in the future once this mining is done.

As we all have been speaking many times that Bitcoin possesses the power to diminish the use of fiat in a country where it's welcomed with full hearts, I wish to know that does it really have the ability to cope up with the challenges a country's economy faces? Can it help in the growth of their GDP?

As we know, Bitcoin is limited in number whereas Federal Reserve has the power to do monetary easing when things go wild with their economy levels. So with such limitations, can Bitcoin really stabilize any country's economic issues?

Specifically for ICOs: For any ICO projects to be executed successfully, they need to be well-planned with all the bugs being removed before execution. As well, there's one more thing that's not defined here: Manager. Always hire someone experienced in this field as not every person can hold the authority and release the responsibility the way they are expected, and who bears the loss - the project as well as the project owners.

According to human psychology, it is said that the person who is possessed by drugs and/or gambling addictions needs to deal with it himself, the love and affection are just hopes and can't really do much unless that person willfully wants to get out of these things. Loneliness leads a person to either creativity (see big names like Bill Gates and Steve Jobs, they were alone as well) or the bad way - drugs, gambling, crime and other sort of addictions. I believe that it completely depends upon the choice they adopt during that situation.

Is it possible for your sellers to prove this by signing a message through few of their big wallets showing they actually have such huge amounts with them? If not, I highly doubt anyone would ever take interest to go for such offers. Should they be willing to sell, what rates are you people willing to sell it per Bitcoin (at least an average)? I've got bulk buyers who trade ~100-500 BTC daily, but as said, you need to meet the conditions I've publicly mentioned.

Try to learn trading and be rest assured that crypto trading is whole lot different than any other style of trading. It's good to see that you're ready to take risks but IMHO, there won't be such high levels of risks associated with crypto trading nowadays as there's blood on the streets everywhere, and when such situation occurs, there come FUDders and dumpsters who try to make you fall for them and either buy during wrong time or sell them your already purchased crypto, be it at these prices or higher. Know one thing that this is currently the best time to get in those valuable projects which have the potential to grow when bull run takes place (which is going to happen soon, but can't really predict when). As hyper bull run enters markets, those markets with great projects are going to boost back to those 20, 50 and even 100x and will give unbelievable returns.


I've had the worst experience during these days as firstly, I went all in and second, the markets turned the tables. I had my portfolio invested in Pundi X which was an awesome experience when it was rising, but GREED. I didn't sell at the right time and waited for it to go Binance and bang, I got fucked. I still had a chance to sell but I was in the hope that Pundi would recover, which it didn't. The sell-off was so massive that many of the investors started complaining about their monthly 7.xx% airdrop program. They changed it as well, but nothing changed. Moral: Never invest what you can't afford to lose, and if you're in profit, don't go greedy and take it out when in green.

Giving answer the Stedsm style:


Depends on the level of security one keeps to secure their Bitcoins from such scams and frauds.


If I'm not wrong, even Godl (gold) is involved in such activities like smuggling and/or stolen bars/pieces being sold in black markets.


Guess that's why everyone's here for - making profits with their asset.


I believe this might be a drawback, but it's also good to stop misuse of the system and as well, it tests the concentration power of the sender as they're the only ones who will be responsible for any such false sends unless their private key got hacked and everything's swiped by hacker.


Waiting for this since past 8 years, eh!


There have been projects I call as green mining where people use solar power to power up their mining equipment. I know that it's not too much used and not even able to cope up with network's requirements to smoothly process everything as the electricity levels needed in it couldn't be matched many times.


Due to restrictions levied by governments in various countries, its adoption and growth levels have declined to a much broader level.


See my reply to your 1st reason that you stated.


If you know any technology that comes without a single flaw, please do let me know.


There are many digital wallets through which we pay our Fiat itself, and Bitcoins, if seen as assets, need not to be physical as the beauty of it is being transacted digitally.



I'm quite happy you're so concerned about the challenges Bitcoin is facing, but everything takes time to get resolved and devs are already doing what they are able to do at their best and tackling these challenges, not to let any such vulnerable situations occur.

I believe it's not true at some pace of time, because whenever bears tried to dump on Bitcoins, there used to be some news show up as a surprise that a few million tether has been printed (produced) and added to the circulation which made the markets move in a rising star way. Tether sometimes used to affect Bitcoin and some major alts' (such as litecoin and ethereum) price in a way that can't be denied. In Wei's words in the "No Pump found" paragraph: "However, you cannot use trading volume to predict price, as the effect is simultaneous. In my paper, I state that past trading volumes do not impact future returns.” To some extent, it may be concluded that past had those inflation attempts which could or couldn't be seen in future.

I believe some (offline) casinos themselves allow such immoral activities to be done at their place, for e.g.; giving high drug dose to their clients knowingly or to make use of girls (here: prostitutes) because they want to either break their winning streak by breaking their concentration in either ways. But as OP says, it is dependent upon the players themselves to the utmost levels whether their only intention is gambling or they want those drugs and/or prostitutes for their physical/mental needs. Gambling is nowhere related to crimes unless done under debts because then, the debtor tries to either run away or kill the creditor in case they feel uncertain about the possibilities for them repaying back, and the same applies for creditors when debtors don't repay, either these creditors use harsh ways like extortion attempts to make them repay or maybe kill them.

It means that instead of making accounts and get destroyed in the hands of these people, we should start our own leverage-based trading platform to make fortunes by looting people through their account swipe-offs with such established pumps and dumps?

One more thing, did anyone face their account being closed for no reason by Bitmex when they won on a bigger margin against the markets? Few of my whale contacts had many of their accounts closed by Bitmex for no reason, and when these guys asked Bitmex why they did this, Bitmex people replied that they suspected the account for being involved in malicious activities. How can they ever decide on a customer's way of earnings by comparing it with - whether they're involved in any such activities or not?

Neither am I unaware of the facts nor about the overloads that may happen when a lot of unexpected audience as well as activity levels spike in volumes that couldn't be handled by servers, but what about those unhealthy pumps that happened as a proof for the artificial climate which is created by Bitmex guys when those $500 and $800 pumps in a single shot within a single candle took place?


I've seen volumes spiking immediately when such announcements about maintenance or anything else like bugs found or system issues came into existence over Bitmex, and can't forget to add one more thing here that even being verified, they close your account for no reason if you've got to tackle the odds and win something really big against them and it's literally possible in crypto world.

Based on our conversation, we both decided to extend the repayment date to ~3 weeks ahead (21st October is the decided date) on the basis of mutual understanding, and now, the total repayment will be 0.036 instead of 0.033.
I request shasan to please confirm this here.

Sent on Sept 17, 2018:

0.34116 eth sent equivalent to BTC 0.01135.
Tx id: 0x817d2a09cbabd47eb6b3724ded5f7df3a9c46dbc1233a273bbb6acc661479234

BTC 0.0064 sent.
Tx id: 06d206d9baabb45c36ebbb8022fdb8fdfd223fa872054a4edf0b77c9a3e43ae4

0.01775 worth of total BTC.

---

Sent today:

0x6ef0267f294710267bbae05286b5dc28744a0e9f843b75c1df9ed01d393b7b48

0.3136 ETH equivalent to BTC0.01125 has been sent.

This is now settled. I would urge condoras to please confirm this. Thanks.

1 merit? Hey, I thought it should have been at least 5, can't you even prove your quality by getting just 1 merit graded for your contribution over the forum (if you ever managed to contribute in a non-spam qualifiable manner)?



Either you're kidding or you don't really know this - account selling is not encouraged here and those found doing so, gets a red mark from the whole community. It's favorable for you if you learn and grow your account on your own, instead of buying an account you're not even aware of (maybe the account did shitposts, or had loans and/or you may not be qualified enough to match the quality that account had when it was used by its original owner to post).


Sure enough, eh? Any proof? 


Feel sorry for you, but that's how it's needed to be handled as admins have had been lenient enough with these shitposters and if you can't really manage to just get 1 merit, I believe you or anybody with no such efficiency is of no use to any bounty campaigns as you're not even confident about your work that you'll ever manage that 1 merit to get through.

Is it anywhere related to scaling? Will SegWit also be unable to keep it lower for longer term?


I think it's good enough for the health of altcoins when Bitcoin blocks go full and fees go high (just a thought), as everyone starts to look for alternatives to cope up with the situation that occurs everytime the network becomes malicious with spamming and needs to get many of those big fee transactions flushed out for these low-fee days to be seen again.

Welcome to the forum, Snowy.
First of all, it was designed to be used as a digital token that can be exchanged between two parties anonymously without the involvement of any third party, which, during its beginning, worked out well. Then, as every project needs investors for it to succeed further, Bitcoin too attracted the same with its UNSTABLE PRICE MOVEMENTS AND MARVELOUS RETURNS. This gave everyone - mostly those with bigger wallets, the power to move the markets the way they want - and this made Bitcoins come under ASSET CLASS. Afterwards, people started assuming this would be a life-changing ASSET, and not a CURRENCY. And for such an asset, instability is a boon.