Bitcoin Forum
June 08, 2024, 08:07:58 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 [136] 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 ... 1140 »
2701  Economy / Gambling discussion / Re: Cambodia enacts new laws related to gambling. on: December 14, 2020, 04:47:45 AM
Cambodia wanted to be close in the competition of great gambling countries.Macau is not far from them same as singapore and Philippines so they wanted to get closer to compete with them internationally .

For the Chinese gamblers, Macau is nearby and accessible by high-speed train. On the other hand, Cambodia lies thousands of miles to the South, and is accessible only by air travel. But then there is a generalization that Macau is a highly expensive destination. So for low-budget gamblers, Cambodia can be an attractive destination, if they do the marketing properly.
2702  Alternate cryptocurrencies / Altcoin Discussion / Re: Why do people still fall victim to obvious scam? on: December 14, 2020, 04:36:59 AM
Scammers have been living since that time when people appeared and understood that if they would deceive some other guys, they could get profits. Unfortunately, the major part of new crypto traders are very naïve: they think that if they see “wise” recommendations, this is a cool project.

One big issue with the new ICOs is that they bribe the ICO review sites, to publish favorable reviews related to them. And the inexperienced investors after reading these fake reviews will pour their hard earned money in to these projects and in the end lose all of their capital. Doing the research on your own is not always viable, as it is not easy to track the promoters, pre-ICO performance and the genuineness of the white paper. 
2703  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH 2.0 has still no Effect on ETH price on: December 14, 2020, 04:23:42 AM
It has already affected the price of Ethereum. When they announced ETH 2.0 staking, the price of ETH went up considerably. And it was a succesful beginning. Also sufficient number of ETHs contributed in the system. I believe that now we are in the accumulation phase. We can see $800 levels in the beginning of 2021.

So far this year, Ethereum has gone up by around 400%, which is much more than what we witnessed with Bitcoin. Obviously the hype surrounding ETH 2.0 has been responsible for most of this spike. Now the exchange rates seems to have reached a saturation point, and we can expect a major correction period starting quite soon. So rather than $800, don't be surprised if you end up with $400 during the first quarter of 2021.
2704  Bitcoin / Bitcoin Discussion / Re: Spend or HODL Bitcoin during COVID-19? on: December 14, 2020, 03:56:13 AM
Holding bitcoin is the only smart thing to do right now. The price might go up or down but in the long run, bitcoin will go higher and higher. Many big corporations investing in bitcoin and govt also looking for opportunity to invest. So I think holding will be beneficial in long term.

That depends on your financial situation. If you are running short on savings, or in case you have utility bills to take care of, then it may not be a good idea to wait for 3-4 years. Because right now Bitcoin is trading close to ATH levels, and we don't know whether the prices will continue to go up or whether there will be an extended phase of correction which can last for more than a year (similar to what we had after the peak prices of 2013 and 2017).
2705  Bitcoin / Bitcoin Discussion / Re: Does bitcoin solve more problems than it creates? on: December 14, 2020, 03:39:35 AM
If you don't like bitcoin, don't use it.

And this is the reason why Bitcoin user base has remained stagnant for the last 2-3 years. jcoin200 raised some very valid points. Volatile exchange rates, difficulty in obtaining BTC, wallet hacks.etc are some of the reasons why ordinary investors refuse to consider Bitcoin. Up to a certain point, solutions are available for all these concerns. But Bitcoin's failure is in taking these solutions to the common people, making them aware about it. And saying "If you don't like bitcoin, don't use it", is not really a solution.
2706  Economy / Economics / Re: IF USDT would collapse what do you think will happen to the BTC price? on: December 14, 2020, 03:27:39 AM
bryant.coleman, 1 USDT should be backed with $1, and at one point it was publicly revealed that as much as 30% of the USDT on the market were not backed with $, but with some other things. If someone powerful (and that's only the US) wanted to go all the way and investigate the whole thing thoroughly, they'd probably find enough reason to shut down the whole thing.

At that point, anyone in possession of the USDT would actually have one big nothing, and that would really be very bad news that would definitely hit Bitcoin. To the average viewer looking at it from the side, it would sound like this: "Coins worth $20 billion printed from nothing, is Bitcoin also fake?"

Dealing with stablecoins is far more dangerous than with fiat -> Most Stablecoins Can Be Frozen, Even in Your Own Wallets

Completely agree with your post. Stablecoins such as USDT goes against the very principle of cryptocurrency. The biggest advantage with Bitcoin is that you will be able to store money on your own. This is not applicable to stablecoins, because the exchanges are storing the money and they are issuing a token to you to represent its value. And as you have pointed out, many of these exchanges reject independent audit and therefore we don't know whether these stablecoins are backed up 1 to 1 or not.

If any of the larger Stablecoins go down, it can have a very bad impact on the exchange rates and adoption of Bitcoin. It is unfair, as Bitcoin has nothing to do with these stablecoins. 
2707  Alternate cryptocurrencies / Altcoin Discussion / Re: Many old coins are dead and abandoned by the developer, WHY? on: December 14, 2020, 03:15:00 AM
The performance of a project will determine how long it's going to stay alive or probably forever going to be alive if it's very useful for the world, shitcoins will get delisted on exchanges as time goes on if there is no good use case, quality of a project is what speaks louder for a project not the team

The question is, how you are going to measure the performance of a project. Out of the 10,000 or so coins/tokens in existence now, only around 1%-2% are having real life usage. Remainder are used only for trading and for speculative investment. As long as they get pumped, these coins will be listed in the exchanges. And when the pump stops, gradually they will get delisted.
2708  Other / Politics & Society / Re: Do you trust the co-vid19 vaccine ? on: December 14, 2020, 03:02:17 AM
Who on earth even uses Wikipedia as a reliable source, even high school students know that if they cite that website as their source for their assignments, activity, or even research projects, they will definitely get an F. The thing about Wikipedia is that any person can access that site, and edit the contents. I can't say pretty much about the leftist thing, but different kinds of idiots put malicious content in the middle of the statements in some article as a joke or trolling.

But maybe you can use it as a cross-referencing source, but never as a reliable main source of information.

If you are researching on any topic outside the politically charged ones, then Wikipedia can be a reliable as well as easily accessible source of information. Because most of the editors in these sections are highly knowledgeable. But sections related to politics, history and religion are hopeless. The moderators have the power to reject references and some of them do that in a highly biased manner.
2709  Economy / Economics / Re: Cause of Covid Vaccine and it's Value on: December 14, 2020, 02:47:50 AM
A lot of negative comments against the vaccine. Let's not forget the fact that all of these vaccines have undergone Phase III clinical trials, which involved many tens of thousands of people. None of the vaccines reported any serious side effects. Those who don't want to get vaccinated are free to do so. But I request those people not to spread unfounded rumors regarding the vaccine.

Those vaccines have already been put under trier before it went public and so I don't think there is any need for panic on this. It is a disrespect to the organization that carried out such experiment before it was brought to different places. The US is not looking back at the use of such vaccine and I think that will be useful to their economy very soon when the recovery will increase and jobs will be created too.

I have seen posts here claiming that the vaccine will cause infertility, similar to the rumors spread against the polio vaccine. A few years back, medical workers were attacked in Pakistan, after militants claimed that the polio vaccine is a weapon by the western nations to bring population control to Pakistan. Billions around the world have taken the polio vaccine, and none have reported this side effect. But unfortunately, it is quite easy to fool less intelligent and uneducated people.
2710  Economy / Economics / Re: Cause of Covid Vaccine and it's Value on: December 13, 2020, 05:25:21 PM
A lot of negative comments against the vaccine. Let's not forget the fact that all of these vaccines have undergone Phase III clinical trials, which involved many tens of thousands of people. None of the vaccines reported any serious side effects. Those who don't want to get vaccinated are free to do so. But I request those people not to spread unfounded rumors regarding the vaccine.
2711  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: December 13, 2020, 04:29:06 PM
Two wicket gone in last 3 balls of Adelaide Strikers.They still need 138 runs in 80 balls with 6 wickets in hand.Looks like a easy win for Hobart Hurricanes.Great spell bowled by 39 years old Johan Botha,he picked uo two important wickets 
Which series are you referring here ? Look like some sort of domestic Australian series is in progress ? If so, there would be no international Aussies player in this series because all of them are busy in series with India  Huh

Surprising that you haven't heard about the Big Bash League (BBL), which happens to be the second largest franchise T20 league in terms of viewership and revenue. And yes, some of the players such as David Warner are not participating in this league, because they are preparing for the series against India. But other international players are participating, including Aaron Finch, Shaun Marsh and Kane Richardson. On top of that, they have some very good overseas players, such as Carlos Brathwaite, Rashid Khan and Rilee Rossouw.   
2712  Other / Politics & Society / Re: Do you trust the co-vid19 vaccine ? on: December 13, 2020, 04:15:44 PM
Google is controlled by fascists who want to enslave you. They are very subtle about it. So, use Google in addition to all kinds of other search engines, so you can see just exactly how Google is betraying you.

Wikipedia isn't as subtle as Google, even though they are somewhat subtle. Don't take much of anything that they say as fact until you check it out with the old books.

Cool

I was an active editor of Wikipedia from 2004 until 2011. I have more than 100 article creations to my name and close to 10,000 edits. Initially, Wikipedia was a neutral organization which published articles solely based on facts. But things changed in 2010-11, when there was an organized campaign to get left-leaning individuals elected as the moderators/arbitrators. Things started changing from that period. Articles related to Geography, Botany, Astronomy.etc are still reliable. But those related to Politics, History, Religion.etc are heavily distorted by the leftists.
2713  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: December 13, 2020, 04:04:49 PM
We can't compare the payout from BCCI with other cricket boards but other boards allowing their players to play on other leagues as well which is good for the individual future and which gave life for many players to move to other international teams as well. Practice match between Aus A and IND ends in a draw but I expected a result when Indian bowlers did good in the earlier overs but they failed to take wickets later.

Well.. there is nothing wrong in allowing players to participate in franchise T20 leagues. But with the proliference of such leagues all over the globe, those who participate in them hardly get any spare time for national duty. Earlier there was a proposal from some of the boards, to limit the maximum participation for a player to a maximum of three leagues. But this has been opposed by the players association.
2714  Alternate cryptocurrencies / Altcoin Discussion / Re: Many old coins are dead and abandoned by the developer, WHY? on: December 13, 2020, 01:48:52 PM
The methodology is really simple. There are thousands of altcoins available in the market and the promoters just need to plagiarize the code and white paper of any of these coins. Once this is done, they need to hype the coin using various bounty campaigns and then get it listed to one or two small-sized exchanges. The next step is to trigger a pump-and-dump cycle. Once this is done, the promoters can dump most of their coins/tokens and then exit the development. And this results in "dead and abandoned" coins, as mentioned by the OP. And the promoters can repeat the cycle multiple times, as long as there is demand in the market.
2715  Economy / Economics / Re: IF USDT would collapse what do you think will happen to the BTC price? on: December 13, 2020, 01:31:09 PM
What happens to USDT in the future has nothing to do with Bitcoin. As most of us know, USDT is a token issued by the Bitfinex exchange, and is backed up with assets denominated in US Dollar. In short, rather than a decentralized cryptocurrency, it is a digital version of fiat currency in cryptocurrency format. So ideally if it goes down, Bitcoin should not be affected. But since it is traded in various cryptocurrency exchanges, I am assuming that there will be some impact.
2716  Alternate cryptocurrencies / Altcoin Discussion / Re: If all state banks will make their own cryptocurrency. on: December 13, 2020, 01:21:06 PM
These Central bank issued cryptocurrencies (such as Petro of Venezuela and digital Yuan of China) haven't been able to make an impact in the cryptocurrency market. In most cases, they are being used to evade sanctions and embargoes. And they are being used to replace fiat currency in international trade, with only limited usage in the cryptocurrency market.
2717  Economy / Gambling discussion / Re: Bitcoin betting on the 2020 US Presidential Election | Trump vs Biden on: December 13, 2020, 01:11:15 PM
All this drama comes to an end tomorrow, when the electoral college meets and select Joe Biden as the next president of the United States. For those gambling sites which hasn't processed the POTUS 2020 bets, this is the maximum they can delay the decision. Once Biden is elected by the EC, they need to close the bets and distribute the winning amount to all those who made their bet in favor of Biden (I am referring to those sites which hasn't processed the bets yet).
2718  Bitcoin / Bitcoin Discussion / Re: Screenshot of Satoshi's last post on this forum on: December 13, 2020, 01:01:31 PM
A user on Twitter also commented that the best thing Satoshi did wasn't to invent bitcoin but moving away afterwards.

I don't think that he did the right thing by staying anonymous. This has encouraged scammers such as Craig Wright to claim the invention of Bitcoin as their own, and to scam millions of unsuspecting users with shitcoins such as BSV. If Satoshi remained active on this forum, this would have never occurred. Also, there exists differences within the core team on several issues, such as block size. If Satoshi was around, these issues could have been resolved.
2719  Bitcoin / Bitcoin Discussion / Re: Does bitcoin solve more problems than it creates? on: December 13, 2020, 12:51:14 PM
I never understand any problem or drawback with bitcoin. If anyone is using bitcoins for criminal  purposes, then you cannot say that it is a drawback of bitcoin or cryptocurrencies. Bitcoin can give countries financial freedom provided they make them legal.

Usage by criminals is not Bitcoin's fault. And the media always try to paint Bitcoin as the preferred currency of the criminals, although facts prove otherwise. A recent study by Elliptic found that around 1% of the Bitcoin transactions are associated with illicit activity, such as drugs trade or money laundering. And this proportion has been steadily declining, ever since 2013. 
2720  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: December 13, 2020, 12:41:13 PM
West Indies cricket board doesn't even have money to pay for their current players which is the major reason why they like to play other leagues than international matches. WI was the best team in test match as well but its been a long time ago, now alao they got skills but not enough experienced players to keep patience in a five day game.

If you look at the central contracts from the WICB, you can see that they are not that bad. But obviously WICB can't compete with the T20 franchises who are ready to dish out millions of USD for the top players such as Pollard, Fletcher and Pooran. And unlike the BCCI, they don't have the power to ban their players from foreign T20 leagues. If they do so, then the players will simply retire from international cricket and solely concentrate on franchise leagues.
Pages: « 1 ... 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 [136] 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 ... 1140 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!