It had to happen! Just as Gandhi said, First they ignore you, then they laugh at you, then they fight you, then you win. Initially banks tried to fight against crypto. They tried to spread misinformation about cryptocurrency. Big brains behind banking business tried to speak negatively about cryptocurrency. But looking at what crypto is standing today - it's a clear win! Probably this is just few initial banks started such services. But in next 10 years, there will be a crypto desk in evey bank just as we have for securities market today! |
|
|
|
Does anyone here still plays in Nitrogen Sports? Did you ever tried depositing in their site?
I have a balance in there, but they require me to deposit 0.005BTC first before I can withdraw the balance (which I won from their NitroSpread contest promotion).
We have an official representative of Nitrogensports in bitcointalk, https://bitcointalk.org/index.php?action=profile;u=88706This account is active so I would suggest you to directly get in touch with this account if you are facing any issues with them. If not resolved, do let us know and open up a thread in "scam acquisition". As boyptc correctly pointed out, I see their minimum withdrawal amount is 0.0001 btc. So it's better to speak to their representative first. |
|
|
|
|
I wouldn't want to change your mind because no one likes a slow payment system. With the current pricing and high fees and slower confirmation time, bitcoin doesn't really look like a practical coin to use for transactions. Same goes with ETH as well! So if someone wants to do transactions using cryptocurrency, bitcoin would not be an ideal choice!
Bitcoin has largely become an investment asset more than anything else! Now with billions of corporate money, I don't see bitcoin to come back as a currency anymore! Even if it does, it won't be a preferred one!
|
|
|
|
This is no joke, Ortega, president of Nicaragua is the political leader of a country that is struggling with economic and social issues. Currently, they are having difficulties to even get enough COVID vaccines - perhaps no the only ones. However, the president has seen fit to create a "Ministery of Ultraterrestrial Affairs and Celestial Bodies". I only have the link in Spanish. Would it be better to create a Ministery of Extraterrestrial Affair, bitcoin and cryptoassets?  What seems to be an stupid idea is actually an attempt from the president to sell the idea of Nicaragua building a satellite for a Chinesse company. This seems to be as realistic as the last promise about building a second "Panama Channel". He is not the only stupid ruling a country. We have more examples available! The supreme leader of India has taken the religious madness to such a level, where they now have an entire ministry of cows. Just search Google with "Kamdhenu Aayog". An entire government department dedicated to cows. What a sheer wastage of public money! So stupid leaders are everywhere who doesn't know priorities. But unfortunately, we all will have to live with such stupid people! |
|
|
|
I stumbled upon the article "What happens if bitcoin succeeds?" in which John Danielsson, Director of the Center for Systemic Risk at the London School of Economics, argues that the inequality between rich and poor will be further exacerbated.
Isn't that evident already? While big pocket players are setting up big mining rigs and small players are finding it extremely hard to earn bitcoin. So the inequality between the rich and poor will stay there even in crypto market just the way it happens in the real world economy. There's no way to remove it from our lives! So I would agree with this statement. Bitcoin didn't help to remove the income inequality from our lives. It certainly made some people richer who had adopted it in its early days but holistically it remained as a big boys' game! |
|
|
|
|
As many of you might be aware of NFTs as it is getting a lot of attention from the crypto community. People are selling digital goods, artworks, gamea and unique things for millions of dollars. Even Elon's Partner has joined the bandwagon and already earned few millions. As of now, NFTs are only popular in digital marketplaces to mark the ownership of an asset through blockchain.
Now from where I see, NFT has a very good potential to be used in MMORPG games and fantasy sports segment. Even big developers like UBISoft has shown interest in NFT. Since NFT concept is very new we still have many unexplored areas of application.
Do you think NFT concept will be used in crypto gambling industry in near future? What change it will bring into this industry? Let's discuss!
|
|
|
|
|
I would prefer to continue doing what I am doing right now! HODL a major portion of holding and trade with a minor portion of it. I used to be a regular trader but now I have mostly become a weekend trader due to the lack of time. So HODLing is what I am going to do!
After the recent surge in price, many eyes have turned to cryptocurrency market. But unfortunately my country is planning for a blanket ban! Nothing can be more unfortunate than this!
|
|
|
|
|
Technically it is not possible for a government to shut down bitcoin in any. They can disturb the network by forcefully taking over the mining operations and fill their own coffers. But a complete shutdown isn't possible by any government.
Government can legally ban bitcoin in their own country. They can strictly enforce the ban using various enforcement agencies so thay people don't use bitcoin out of fear. So again they can't shut down bitcoin. That's how the nature of decentralized network is!
|
|
|
|
No, you just need a few lines:
a) Do not spend more than you earn.
b) If you are breaking (a) rule, do not use debt to finance stuff that you do not need and goes down in value. Yes, that's your car unless you use it for work and is adequately sized, that is you 54 inch TV and the subscription to Netflix.
c) If you get into debt, use it to finance you roof, not your swimming pool.
Yes, that's all a man needs in their life and these are the basics! People often indulge themselves in debts for the things they don't need. I too had a similar fate back in 2010 when I first started my career. I had a good job and the bank where I used to have my salary account, offered me a credit card with good limit. The very next day, I had purchased a watch worth 15 grand in my local currency in EMI. I my country, credit cards used to charge 4% monthly interest at that time, so I ended up paying almost 7 grand in interest. So a watch which costs 15 grand in open market, I paid around 22 grand for that! But lessons learned so I have never went back to that route again ever. But one thing I agree with the author, is about real estate investment! In metro cities, real estate is the only investment that will give a regular income and an inflation adjusted value for future. Things may be different for small towns but for metro cities, real estate is still a great investment! |
|
|
|
Shit happens when you trust someone with your money for such an asset where reverse transaction isn't possible! For bank, it is still somewhat safer because every banking transaction is reversible but that's not the case with bitcoin. Once a transaction is out of your wallet, there's no way to get back unless the receiver sends it back. Also there's no way to know the identity of that person due to the anonymous nature of bitcoin. In this case, the 2FA got changed using the form available with blockchain wallet owners only! So author's suspicion may be correct - it's an insider job! But if you have learnt the lesson, you will never use a third party wallet ever again! |
|
|
|
Since most of Bitcoin is mined in China and depends on China's energy, do you think it is possible that Bitcoin will become centralized, with China becoming the authority?
Lol! No China can't control Bitcoin's future even though a major percentage of bitcoin mining is happening in this country. I really wish Chinese government bans bitcoin mining and enforces the law very strictly like the way they have done for ICOs so that the Chinese hooligans go out of this market for good! Because Chinese government is a communist government and they believe in military prowess. So it may happen in future that Chinese government forcefully takes over all bitcoin mining facility and keep on mining for their own benefit. Then it is a huge risk for the entire bitcoin market. But if it remains as it is, I don't China as a threat at this point. I am more concerned about billions dollar of bitcoin lying in corporate coffers. They are more harmful than China. |
|
|
|
Hi everyone, I read some rumours of companies or groups offering services of betting on your behalf on matches in which the betting house got, for whatever reason, their odds wrong. A friend told me that he was successful in doubling his money, although the houses obviously close any account that looks suspicious. Do you guys know any of these services?
Betting brokers are real but pretty underground because that's not an acceptable practice by many casinos! However, such services are not affordable to small players like us unless you want to bet a fortune. So it is something restricted to big ticket gamblers only! If you are really interested, you can visit the below link, https://punter2pro.com/best-sports-bet-brokers-betting-broker/But use at your own risk and I can't vouch for their services. Use your own brain before jumping into such risky area. |
|
|
|
|
We are hearing such arguments from quite some time now where people are speculating whether bitcoin can become the preferred currency system for the world or not! But currency circulation is a sovereign function and it would remain that way only unless the world sees a nuke war.
Bitcoin can very well become a great investment asset for the governments the way they invest in gold today. We have already seen corporates jumping into this crypto bandwagon. But if you are talking about replacing the current financial system, that's not gonna happen!
So I see your argument as a speculation. You can also consider my argument as a speculation. But I don't really see bitcoin becoming a mainstream currency system!
|
|
|
|
|
Given the brand value that Paypal enjoys right at this moment, they are definitely helping in bitcoin adoption. However, there are several fundamental flaws within Paypal's crypto system at this moment.
1. You can't have the private key of your wallet
2. You can't withdraw the bitcoins to your own wallet which you have purchased from Paypal
3. You can't send your bitcoins to any other wallet outside PayPal
So even if they are helping in crypto adoption, their mode of operation is fundamentally flawed and goes against how bitcoin should work without an intermediary. So it's not desirable at all!
|
|
|
|
Oh I love your statement! PayPal is greatly placed to become an intermediary on a system that was originally created to avoid such a thing. That's indeed true! Paypal understands that if they want to profit from cryptocurrency, they will have to act as an intermediary and to receive commissions from both buy and sell legs! This is ridiculous for the entire crypto ecosystem! The way corporates are showing interest in crypto market and trying to change the system in their own favor, would make bitcoin only a big men's asset in few years! That's not good! |
|
|
|
So BTC will continue to be mined until about 2140, when all 21 million are finished. But imagine if there were 21 trillion bitcoins and it finished in say the year 9140, it actually wouldn't make any difference to us than 21 million, because the inflation rate would still be the same. I think the current bitcoin inflation rate is 1.3 percent or whatever. So just imagine if there were 21 trillion bitcoins and 18,648,168 BTC were currently in circulation, do you think people would still say you know there will only ever be 21 trillion bitcoins.... i dont think so. But it would be the same as saying there's only 21 million. Maybe in the year 2130 people can say that when there's only 10 years left but for us who are alive now, why should million or trillion matter. Inflation rate and circulating supply would still be the same.... any thoughts?
Understand it from a simple supply perspective. When some asset has unlimited or huge amount of supply, the price of that aseet usually stays lower. So if bitcoin's supply is increased to 21 trillion, it's price will come down to accommodate the increase in supply. It is called scarcity model. The best real world example is the limited edition cars. If Bugatti launches a limited edition car with only 10 in existence, then it's price will be much higher than a normal Bugatti car. Think bitcoin as a limited edition with fixed number of supply! |
|
|
|
Hackers and scammers are feeble heart people! So knowingly no one would try to hack into FBI's wallet! It will be inviting grave problems into their own life. So it is the safest place on earth for these bitcoins within this wallet. But even if any hacker tries to hack into it even after knowing it belongs to FBI, it will be extremely difficult for the hacker to sell the bitcoins into open market. The mixer companies will be put on high alert because the hacker will definitely try to hide his trail of dirty money. So I don't see any major repercussions in the bitcoin market even if this bitcoins are stolen. It will be extremely difficult to sell such stolen bitcoins to the market. So the chances of decreasing the price is very low. |
|
|
|
Businessman John McAfee, creator of the McAfee anti-virus software, has been charged in the US with conspiracy to commit fraud and money laundering. Mr McAfee and his bodyguard Jimmy Gale Watson Jr are accused of promoting cryptocurrencies to Mr McAfee's large Twitter following to inflate prices. The currencies were then allegedly sold, making the pair $2m (£1.45m), prosecutors said. The http://lifestyle24.site/john-mcafee-charged-with-fraud-over-cryptocurrency/He is generally a strong supporter of cryptocurrencies but indeed he had promoted some shitcoins when the ICO market was booming and made a good amount of money through his shady activities. Those were way too evident when his name was one of the main promotional point for the ICOs. Now later when most ICO tokens became a disaster, investors lost millions of dollars to these scammers. I wouldn't say Mcafee was directly involved in such scams but he definitely supported such initiatives. Hopefully he gets a light punishment because the mains scammers are mostly roaming free till date! |
|
|
|
|
Show Posts
