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281  Economy / Economics / Re: Cryptocurrency and Remittences on: October 17, 2019, 04:22:24 AM
Facebook's Libra was really aimed at the remittence market (which is why they proposed a stablecoin).
Libra Association Partners

Judging from above infographic on the members of Libra Association (some of which have already withdrawn),  I don't think its really aimed on remittance industry alone, since its partners came from varied industries such as blockchain,payment solutions, fintech, online marketplaces, telecommunications, Non profit NGO's, etc and If I'm not mistaken, non of which came from the remittance industry.

Although it could be used as currency for remittances, I assume that its use case could be far more bigger which could include almost any other industries where it is applicable.

Lastly, if they've really aimed Libra on remittances, then they could have partnered with the biggest names in international remittance in the likes of Western Union and MoneyGram but this has never materialized so far. Imho.

Link: https://libra.org/en-US/partners/

282  Bitcoin / Bitcoin Discussion / Re: Whale transfers 1000 BTC from Bitstamp exchange to External wallet on: October 17, 2019, 03:09:58 AM
A major player in the cryptocurrency market has just withdraw 1,000 BTC ($ 8.4 million) from Bitstamp to an External wallet. Is this a sign that Bitcoin is accumulating?

I was wondering if this is a coincidence or not since its has been observed and reported that there is a trend of increasing Bitcoin addresses that holds 1K BTC or more. While some are suggesting whales are accumulating, I personally believe big investors and institutions have  joined the bandwagon which could be an indication of a bullish sentiment in crypto.

Related thread: A rise on Bitcoin addresses that holds 1k BTC or more is a bullish sign!
283  Local / Pilipinas / Re: Paano mawalan o manakawan ng Bitcoins gamit ang CTRL-C CTRL-V on: October 17, 2019, 01:08:29 AM
Magandang impormasyon ito ukol sa clipboard malwares para sa kaalaman ng lahat at magsilbing din paala ala sa kapwa natin. Dahil dito, nais ko ding bigyan ng kahalagahan ang pagkakaroon ng mabuting depensa at seguridad ng ating mga komputer o net devices sa pamamagitan ng mga sumusunod:

1. pag install ng antivirus programs at pantilihing updated palagi.
2. regular na pag scan ng malwares gamit yung antivirus at least once a week.
2. pag install ng firewall
3. paggamit ng password manager (keepass)
4. paggamit ng VPN or TOR
5. ifamiliarize at ikompara ng mabuti yung mga BTC addresses na ginagamit natin bago gumawa ng ano mang aksyon.

Ang mga hakbang na ito ay hinde guarantee na makakaiwas tayo palagi sa mga malwares pero malaki yung chance na hindi tayo maging biktima ng malwares na katulad nito. Smiley
284  Bitcoin / Bitcoin Discussion / Re: Bitcoin as Safe Haven? on: October 16, 2019, 11:28:19 PM
If Bitcoin is supposed to be a safe haven, why is BTC price keeps going down, down, and down while the world is on fire. The news that Turkey just invaded Syria should be positive news for Bitcoin. Oh, Iraqis going at it, Hong Kong, Haiti. What's going on folks? In a sea of red today, DECENTRALAND (MANA) price is up 4.5%.
Bitcoin IS a safe haven. I guess it's only a matter of what it is that you or each of us consider bitcoin a safe haven for? because for me bitcoin being separate from the
government control is enough for me to call it a safe haven I'm there are more thing to add as to what make bitcoin as a safe haven. I also consider bitcoin as a safe haven
for traders,risk takers etc.. since they take advantage of bitcoin's volatile price.

I don't think so! But for the sake of argument, based on what you've stated, its true that it cannot be controlled by any Government. So assuming that an investor bought Bitcoin on its ATH and kept it a cold wallet for long term hodling, and today he'd decided to sell it! Now, will he be thinking its a safe haven when he'd realized that  more than half of the value of his BTC was lost? I doubt he will!

Then I would also assume he would try to hodl it again and wait a little longer and hope it will regain its ATH just to make a break even with his original investment - praying for a bull market to come soon. Grin In this scenario, I don't think he will ever think again that Bitcoin is a safe haven as possibly as it could. Grin Imho.
285  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it worth investing in Metal (MTL)? on: October 16, 2019, 10:46:55 PM
Don't just be easily persuaded by a few eye catching articles promoting some crypto projects but rather, make your due diligence and conduct an adequate research on the project and act based on your assessment.

After all, its your money and if something goes wrong with your investment decision, then there is no one else to blame but you though at least you have done your part and could make it a part of your experience to further flourish in this endeavor.
286  Bitcoin / Bitcoin Discussion / Re: 10 Years From Now: Bitcoin Overtaking PayPal? on: October 16, 2019, 10:25:35 PM

If we could look at above chart on Paypal's payment transaction volume , then we could deduced that if that current rate of Paypal's volume continues its upward trajectory, then Bitcoin might have a hard time overtaking Paypal, not unless its volume will show a declining pattern  over a period of several years which I doubt wouldn't happen. But, I think its still a possibility and that many things could happen within a period of ten years. Wink

Quote
Everyone’s Hodling Bitcoin: Only 1.3% of Transactions are Payments in 2019

Journalist:Wes Messamore @thehuli
June 1, 2019

By CCN: Research by Chainalysis finds that only 1.3% of bitcoin transactions so far in 2019 came from merchants. The remaining 98.7% of volume is all on the exchanges.

That means almost no one is using bitcoin to buy things. The bitcoin economy is still mostly about speculation, not a global payments system. The figures are based on data from New York-based blockchain researcher Chainalysis Inc. and are based on the first four months of 2019.

In an email to Bloomberg, Kim Grauer, senior economist at Chainalysis, says:

    “Bitcoin economic activity continues to be dominated by exchange trading. This suggests Bitcoin’s top use case remains speculative, and the mainstream use of Bitcoin for everyday purchases is not yet a reality.”

Source: https://www.statista.com/statistics/277841/paypals-total-payment-volume/
           https://www.ccn.com/everyones-hodling-only-1-bitcoin-volume-merchants/
287  Bitcoin / Bitcoin Discussion / Re: Bitcoin as Safe Haven? on: October 16, 2019, 09:46:21 PM
@OP, where did you get this idea? I think whoever had suggested this into you  about Bitcoin being a safe haven might be joking! How can BTC become a safe haven when we see its  regular price fluctuations which could be scary for someone planning to move their assets safely? This is ridiculous or maybe you are just plugging one of your stash for added exposure?  Grin
288  Alternate cryptocurrencies / Altcoin Discussion / Re: Nouriel Roubini vs Arthur Mayes on: October 16, 2019, 03:20:34 PM
Could the OP provide us link on that debate if available?

If its indeed true on what OP had observed on that debate, then it feels like fielding an inexperienced and weaponless soldier into a war where the enemies are veterans and have adequate firepower to demolish on those who will stand on their way! I guess we all know what will be the outcome with that kind of scenario! Grin

I think it might be better if the crypto-community would pre select our own crypto ambassador(s), who have adequate knowledge in all things related to cryptocurrency and blockchain technology and its benefits in economics, finance and other related industries that might benefit from it - to represent us with those kinds of events and face these naysayers defeat them in a convincing matter! Imho.

289  Local / Pamilihan / Re: Coins.ph Official Thread on: October 16, 2019, 01:28:21 PM
meron ba ditong gumagamit ng cash out sa M.Lhuiller?kasi kaninang lunch kopa na send pero until now processing pa din in which hindi normal sa kanila,kaya nga nagustuhan ko M.Lhuiller compare sa LBC kasi instand withdrawal pero ngaun first time ko ma experience to.

salamat sa sasagot.nagkataon kasi na eto pinaka malapit pag nasa kabilang bahay ako kaya sila ginagamit ko but never naman ako nagka hassle until today
Kanina yan gamit ko okay naman sya boss intant ko naman natanggap yong details ko para iclaim.
Maybe nagkaroon sila ng technical problem kaya delayed boss.
Try mo sila message para malaman din nila.

Palagay ko may kunting issue lang siguro sa coins.ph side at mainam siguro na tawagan yung support nila para maasikaso issue mo. Sa experience ko naman kay M.Lhuiller nung first time akong mag cash out sa kanila ay muntik na akong makauwi ng bahay ng wala sa oras kasi sabi ng attendant bumalik nalang daw muna ako dahil yung program nila pang access ng coins.ph ay nag eeror daw at first time din daw nakaranas yung attendant na yun ng ganun sa front-end nila, inisip ko naman antayin ko nalang mga isang oras, kasi alam kong bago palang na tap ni coins.ph yung kanilang service so posibleng may mga konting issues pa na lalabas.

Sinabi ko nga pakitawagan mga ibang branch nila kung nakaranas ba din sila ng technical error o kaya sa support ng M. Lhuiller pero hinde ito nangyari kaya nag antay nalang ako mga isang oras at buti nalang at gumana na yung program nila. Pagkatapos nun, mga ilang ulit pa din akong gumamit pag cash kay M. Lhuiller pero so far ay wala namang ibang hassle at anumang issues na lumabas.
290  Bitcoin / Bitcoin Discussion / Re: A rise on Bitcoin addresses that holds 1k BTC or more is a bullish sign! on: October 16, 2019, 12:59:02 PM
lobat999, in my opinion, such stats don't matter too much, although people are always fascinated by the numbers and look for reasons to help them try to predict the future. But looking at the past, we can conclude that after the halving bulls become powerful, and that new big bull run probably has the highest chance at the end of next year, or in 2021/2022.

I don't know if you know about Tom Lee speculation that Bitcoin price should be $14 000 just because there are a certain number of active addresses, which is really funny, but expected considering where it came from. What I am saying is that analyzes of such data may be interesting, but not crucial to determining what will happen and when.

Duly noted Sir! I think you also have a point and I admire having a healthy discussion with you and the rest of the the community, to share our ideas and opinions in light of these developments with the aim of gaining some useful insights in this industry.

Anyway, as cryptoenthusiasts, I think we could both agree that an imminent bull run is about to happen, as what you've stated - regardless of any data or statictics that might or might not support it. I guess most of us here also share the same ideals of a robust crypto industry. Smiley
291  Alternate cryptocurrencies / Altcoin Discussion / Re: How about STO token? on: October 16, 2019, 12:03:34 PM
I just don't want to buy it, how can I hold it in. I saw that there was no Twitter following either. And also the list exchange that will sell it also sounds new to me, weird. I know just biup. I don't think anyone would to buy this token. But it is also possible for the success of this token. Maybe that's all I can say right now. Just see the progress later.

I have listed in my previous posts some kind of a checklist which could be used as a guide for identifying whether a project is a scam or not, regardless whether if its an ICO, IEO or STO. I hope this could be of use to you. - https://bitcointalk.org/index.php?topic=5144508.msg51103208#msg51103208
292  Local / Pamilihan / Re: Muli natin bisitahin ang Phishing at iba't ibang uri nito. on: October 16, 2019, 08:57:46 AM
Nais ko ibahagi yung mga phishing emails na natanggap ko noong 2017, nung gumagamit pako dati ng slack buti nalang nakita ko kaibahan ng url kasi pag na click mo link kopyang kopya talaga yung MEW site. Sanay mag silbing babala itong mga palatandaan ng phishing emails sa ating lahat.



Ito yung tunay na link ng MEW - pansinin nyo pagkakaiba - https://www.myetherwallet.com/#view-wallet-info
293  Alternate cryptocurrencies / Altcoin Discussion / Re: How about STO token? on: October 16, 2019, 06:44:40 AM
I guess most crypto  investors right now would shy away from participating in any STO or own any security tokens without being clear on where it stands in terms of compliance with securities laws and regulations especially in the U.S. where the SEC is probing tokenized securities if they are indeed compliant!

As we have observed, most projects conducting a STO have been affected or slowed down by this regulations clampdown and exchanges are getting hesitant to list tokens perceived as securities for fear of any Government actions that could put them together with the project and its stakeholders in a very disadvantageous position.

In line with this, it might be also interesting to note that a number of leading crypto companies have created the CRC or the Crypto Rating Council to classify coins or tokens if they are indeed a security or not and I think it will serve as a guideline for these companies to become more compliant in SEC rules and regulations.

Reference thread: The Creation of CRC (Crypto Rating Council) - Its influence on cryptocurrencies.
294  Local / Others (Pilipinas) / Re: Merit Giving for quality post on: October 16, 2019, 03:05:46 AM
Sana magsilbi itong inspirasyon para lalo pa nating pag igihang mapabuti yung nilalaman ng mga posts nating lahat. At kung sakaling hinde makatanggap ng merit ay ok lang at mas lalo ko pang pagsisikapang makaipon ng merits. Salamat.

Code:
https://bitcointalk.org/index.php?topic=5193050.msg52766557#msg52766557
295  Bitcoin / Bitcoin Discussion / Re: "Cryptopia: Bitcoin, Blockchains and the Future of the Internet" on: October 16, 2019, 02:18:05 AM
They should rename their documentary title, i was thinking it's made by "Cryptopia" exchange Tongue
But the producer/director forget that Blockchain currently runs on top of Internet, which makes the part of synopsis sounds ridiculous :

Can this technology, designed to operate independent of trust and within a decentralized network, really provide a robust alternative to the Internet as we know it?

I believe the producer/director didn't do their homework or maybe doesn't have a clue about the difference of blockchain and internet. Though its true that there are some key blockchain innovations designed to improved internet functionalities such as file storage, messaging, etc., but it wasn't designed as an alternative to internet or much worst act as its replacement.

~snip~

If only they knew whatever happened to Cryptopia back then,  I'm sure they would have gladly change the film's title. Grin
296  Bitcoin / Bitcoin Discussion / Re: A rise on Bitcoin addresses that holds 1k BTC or more is a bullish sign! on: October 15, 2019, 11:00:44 PM
I think this might be a bullish sign for price but in general I think this is pretty bad. It shows that how bitcoin has become unevenly distributed and the whales are once again getting more and more. This shows how market manipulation will never end in even years to come. I think everyone thought that Bitcoin is becoming evenly distributed as there is a rapid adoption but I think we are just exchanging our money with each other with almost no certain increase in total holdings held by small investors. This is not a good sign for BTC more concentrated BTC will be more volatile it be and more subject to price manipulations.

Well lets just hope that this scenario indicates that more new whales are coming to the scene and not just with those veteran whales accumulating more BTC's as much as they could! What you've stated is probably true, and you're just like saying that "the rich becomes richer, while the poor becomes poorer" but I guess its a reality! Wink

I just hope maybe someday, Bitcoin will achieve a more wider distribution and adoption which could result in us getting less fears from market manipulation and undue influence supposedly coming from some of these whales.
297  Alternate cryptocurrencies / Altcoin Discussion / Re: Reality of tokens on: October 15, 2019, 10:21:32 PM
So regarding the fact that what it takes to create a token for example an ERC 20, i ahve found a gig on Fiverr.
Check the link.
https://www.fiverr.com/wedowo/create-your-ico-website-and-erc20-token?context_referrer=search_gigs&source=top-bar&ref_ctx_id=34a69322-cdbf-40a4-98e6-b9f51a1be52f&pckg_id=1&pos=3&context_type=auto&funnel=657f18cb-30b9-4ede-a7f7-139b402768ed

Seller is creating an ICO website as well as the token for just 50$. So your basic invetsment is 50$, Now you just need to do marketing by just making a telegram group and launching a scam bounty scheme and give members greed to give 10% commissions. And you are ready to scam people.
People choose these scammers to scam them and thats all. Not saying that all of the tokens are of this type but most of them are of indeed.

Just a quick thought! There are two possibilities that came to my mind about this developer. One is maybe he/she is a late bloomer in the ICO scene that is why he/she is charging a very low cost development fee which is ridiculous and in fact, I doubt if he/will get a 1k dollar income on more than 10 projects he/she will help setup or maybe be given a huge bonus if the scam ICO succeeds! Grin I think if only he had experienced the ICO boom of 2017 then he/she would be more likely could have charged more than 1,000 times per project!

The other one is that maybe he/she is also a scammer whose target could be scammers also. In anyway, these are shameless and blatant examples of greed and should be outright avoided! I also wonder why Fiverr didn't act accordingly and discourage those obvious freelancers doing services that help propagate and encourage more scams and scammers alike.

~snip~
oh really, if before icos come I don't think such services are needed. but well, its doesn't matter.
otherwise, i just think cryptosphere still have a lot of dummy people, hunger with free money, still promoting scam project, even though they know already that .

I was referring to the general crypto scene where cryptosphere has been targeted by scammers even before Ethereum became operational and ICO's became buzzword. Smiley
298  Bitcoin / Bitcoin Discussion / Re: "Cryptopia: Bitcoin, Blockchains and the Future of the Internet" on: October 15, 2019, 04:03:48 PM
I hope that documentary will be comprehensive enough to tackle  other crypto issues such as crypto security, government regulations, scam projects defrauding people with their hard earned money, etc.,  and could also give us more useful insights into this industry.

At least I'm hoping it will be projected in a balanced and objective point of view so that maybe people will hopefully one day would consider adopting this emerging technology.
299  Bitcoin / Bitcoin Discussion / Re: A rise on Bitcoin addresses that holds 1k BTC or more is a bullish sign! on: October 15, 2019, 02:05:06 PM
At press time, 3,070 address held more than 1,000 BTC each, representing just 0.01% of the total, according to BitInfoCharts’ Bitcoin Rich List. It should also be noted that many of the richest addresses — specifically the top four — belong to exchanges such as Binance, which hold Bitcoins belonging to millions of users.

What bullish sign? If I have 10 000 BTC and I split them to 10 different addresses each containing 1000BTC what a positive effect this has on anything? By this article, there are 3070 addresses with 1000+ BTC, but they only represent 0.01% of total Bitcoin, a rather negligible figure. And it is publicly known that most of such addresses belong to crypto exchanges, so how can that be an indicator for anything?

Nice PR for that company mentioned in OP directly and in both news links, nothing more than that.

I think those 3070 addresses mentioned on that article didn't clarify that it represents just 0.01 percent of the total Bitcoin addresses and not on the total Bitcoin supply. In fact, as per data from https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html , those addresses that holds 1k BTC or more are comprised of only 2,166 addresses which is inconsistent on what the article had previously stated.

Moreover, those addresses which have of a consolidated total of about 7,530,271 BTC, is roughly 41.86 percent of the total BTC supply including those BTC on the top 4 addresses which are presumed belonging to exchanges.

Interestingly, those addresses which holds BTC in 1k - 10k range accounts for about 26.7 percent of the total BTC supply but I guess I must admit that its too early to assert if we are indeed in a bullish period right now considering there could many factors that have caused this surge in BTC addresses that are holding more than 1k BTC although I hope I'm correct on my assumption that indeed were starting in a bullish phase right now. Imho. Smiley



Source: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
300  Bitcoin / Bitcoin Discussion / A rise on Bitcoin addresses that holds 1k BTC or more is a bullish sign! on: October 15, 2019, 09:56:12 AM
Recently, there has been a steady increase on the number of unique Bitcoin addresses that holds at least 1k BTC or more and this trend has been consistent for several months now, which started from the earlier period of 2019! As per news articles, most crypto observers had suggested the idea that its possible that big investors and institutions could be behind this trend where it seems they are possibly accumulating BTC under $10k price range.


To my understanding, I think this is a bullish sign for BTC, and whats more exciting is that this trend hasn't happened especially in the 2017 bull market! Kindly share with us your thoughts and ideas about this metric. Smiley

Sources: https://glassnode.com/
             https://cointelegraph.com/news/2-key-indicators-show-traders-are-accumulating-bitcoin-under-10k
             https://cointelegraph.com/news/growth-of-btc-millionaires-now-matches-bitcoins-early-years-new-data
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