I doubt any merchant would be willing to risk with zero-confirmation transaction. I mean someone might send a really low fee during the time when the network gets congested. Chances are the transaction will get dropped, or the user will double spend it! You will find some merchants where when you send above certain fee, your order gets processed (the fee depends on the network. If you pay the current average fee, they will process your transaction with zero conf). As far as I know, only gambling sites are accepting "zero-conf transactions".
However, if this is going to be accepted universally, we all very familiar with double spend and this will open a pandora's box, just saying.
I doubt any casino does that. What if someone makes a huge deposit, quickly does an all in x2. If he wins, he waits for the confirmation. If he loses he tries to double spend it. Too risky for a casino. |
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Runescape has been that game wherein most people are just grinding for the money, and it's nothing really new to meet people who are selling and buying cryptocurrencies. They will add you on Discord groups to facilitate the transaction before the trade happens, and they don't really ask for much information as long as you have the money/in-currency and that's pretty much about it. Kinda like P2P trades happening on crypto though this time you don't trade real money but rather in-game currency, and the devs of the game don't really bother much about it.
Runescape was actually the first online MMORPG i played when I was like 10 years old. Discovered it through miniclip and started playing back in 2003. Still have access to my account and I do login like 4/5 times a year just for the nostalgia. Yeah, it isn't the same like it used to be. But, the way you are saying, it sounds like everyone playing the game sells their rsgp (money) for cryptocurrencies which isn't true. You won't randomly meet people who are selling/buying cryptocurrencies for items or rsgps. It is against the rule to do real world trading. Those who illegally sell rsgps through other websites or forums bots 24/7 to earn those rsgps. They usually get banned within hours and any account that has traded with those bot accounts will receive a ban eventually (people even got banned after months!). Jagex mod can trace trades. I remember Jagex taking legal action against a lot of gold farmers, bots and sellers. Google "Mark and Eric Snellman vs Jagex". devs of the game don't really bother much about it.
Wrong. The thought of not needing to use fiat and doing this from the comfort of your own home is great for the need to social distance from one another. I have heard of doing this using a monetary system in the Entropia Universe and the intermediary site Virwox before they closed. I originally thought it was only possible to do this using these sites so to transfer your PED (Project Entropia Dollar) into another currency of your choice. But someone has made a guide teaching us how this can be accomplished using the rather old game runescape. https://twitter.com/ercwl/status/1242162916985618435A more indepth look with more screenshots of how it can be done. https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-v-bisq-runescape-and-stories-from-buying-bitcoin-anonymously-f345a0eecf59I haven't tried this method myself as I haven't played runescape. Looks like you need to install a TOR browser and do some VPNing so to get this to work. So it does seem to be breaking the companies rules if you need to do this in order to purchase bitcoin anonymously.  What are your thoughts on this and does anyone know of any other games which allow you to exchange your in game currency to bitcoin? The risk involved over here is too high. You will need to look for a person who is willing to risk ban. As soon as you buy gold with paypal, you will need to get rid of it asap or else your account can get banned and you will lose everything. Jagex also added bonds so that people stop buying rsgp. Bonds allow you to get rsgp and each bonds cost around $6 (or use a vpn to get it for cheaper like $2). |
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I've been thinking about betting and what allows a person to be good at it. There's reason to believe that betting on, say, sports, is skill-based, as at least there are some people famous for being good at it. But if a person is betting on horse races, does the person need to know a lot about horses and horse races or can one be a successful bettor based on other things (for instance, choosing a certain strategy based on the odds or simply reading what others say about an upcoming race)? Is it about knowing how to bet or what you're betting on, what do you think? And do you think betting something a person can become good at or is it that there's a low probability of there being people who bet successfully on a regular basis and these people just exist?
You can be good on games which are somewhat based on skills (like poker). But, other games like dice, slots or roulette requires no skill at all. Those are game of chances which depends totally on your luck. No skills or "strategies" will change the outcome of your bets. Anyone that claims that certain trick or way of playing will give you profit, are actually being delusional. They are ones who say you will win after "x" number of losses. Google the term "gamblers fallacy". On game of chances, everyone has the equal chance of winning/losing. If someone is getting really lucky, tell him to keep on betting and you will see that in the long run, his win/loss ratio is the same as others. |
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-snip-
who the own of that bitcoin atm anyway? that mush be rich person by now unregulated things mean no taxes right
Yes, unregulated means that those ATMs do not fall under any laws, so any transaction made through or profits earned from the ATMs does not need to be declared and no taxes are to be paid (though to be on the safe side, you must declare your profit but you still won't have to pay taxes). And this is going to be a huge problem. People will then be using those ATMs to launder money and evade taxes. If you read the post properly, you will see that the ATMs in Germany is being regulated now. The person/group operating those ATM were ordered to shut it down or get a proper license. They didn't. Even if they did make a lot of money from the ATMs, they still will have to pay the taxes no matter what. Death and taxes, both are inevitable. You can't any of those. |
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Do you know of any resources to help victims of crypto scams recover their losses?
I was a victim of one made by coinkast.io where they had me pay more money to release my funds and then they kept adding additional fees... so basically I lost $100k+ and I need to recover it someone especially since much of that were loans I took out.
Any help or links to agencies that can help would be appreciated...
Thank you in advance
I highly doubt anyone might be able to help you with recovering your funds. You got scammed. There is no easy way for you to get back your scammed money. The scammers, they always think ahead. They hide their traces and identity really good. If someone claims that they can recover your fund and tells you to send a "fee" first, don't! Those people will also try to scam you. You could try taking help from the cops, but I doubt they will be able to help. |
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Depends on you. If you want to make some quick profit and take bigger risks, then go ahead and trade. You need to understand how the market works though. You will need experience on trading. Expect to make losses on your first few trades. Slowly you will start making profit (nothing is guaranteed. You will be taking huge risks when trading. So you will be making losses too). But, if you don't understand anything about the market, then just invest on some well known good coins and hold it for long term.
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Don't give me false hope, I need answers, is it a wise move to hold on to a coin that have continuous development but bad value? Or should I dump for other coin? I'm already in a big loss from 3000$ to 400$ presently, the continuous development is why I still hold on. This good or bad ? The project name is (Switch) aka ESH
You will be getting a lot of false hope from here. To be honest, most people over here are not "expert" but they try to act like one! So, don't take any of their suggestions seriously. As for coins with continuous development but bad value, are you sure they are making progress or they are just "all talk, no work"? Value also depends on the supply and how they are being distributed. Do more analysis of the coins you have invested in and YOU decide if you should hold or sell it. |
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Africa, a continent to billion of people, having many agricultural and mineral resources, it is home to many tourist centers. Africa is located in region not subjected to many natural diseasters like earth quake and hurricane. Africa so blessed to be a continent that can run on its own with the natural resources they have.  https://www.aljazeera.com/indepth/interactive/2016/10/mapping-africa-natural-resources-161020075811145.htmlDespite all natural resources embedded in Africa, they are always lacking and behind other continents. Most if not all the countries in Africa are regarded as third world country (poor nations). Why are Africa countries remaining underdeveloped or developing when they have what they can use to grow and develop. In Africa, getting good education is not easy, rich people and the so called politicians are getting quality education for their children abroad, if they are ill, they travel oversea for treatment, good example are the governors and presidents in Africa including their relative, they make the Africa hospitals not suitable and good enough for medical teatments, that is why many Africa medical practitioners are travelling oversea and never coming back too. Corruption, nepotism and thinking of their families but not multitudes has devastated Africa into a poor standard of living nations. After all these, Africa countries lack employment while most that are employed are underemployed, making them to be poor countries truly. There have always been persistent increases in inflation, this makes me conclude African leaders are not capable to making their countries to be developed. What makes me more sad about all these is that Africa countries can not make use of what they have properly (natural resources), and now the world has moved more towards technology, how will Africa properly handle what they are lacking. Technology wise, Africans are nothing in the world for now. I am just thinking if all these can change, I wish many Africa countries to be developed. What can possibly lead to Africa countries getting advanced so the quality of living in the continent will improve? I have heard most of the poor African countries are lagging behind technological development. Again, most of them are quite superstitious . They also believe that everything will be okay when God wants (they aren't allowed to do anything outside their religion. I remember watching a documentary on TV about their strong superstitious believes and how their wrong interpretation of religion is blocking them from progress). Again, most of the political leaders of their countries lack education and highly corrupted. And then, there are other countries looting their billion dollars natural resources every year! |
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Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)
Bitcoin can lose 500$ within one night. Gold can't. Why that?
Why are people still comparing bitcoin with gold! Bitcoin is new over here. It is still in its infant stage. So much to develop. People have adopted the usage of gold. We are yet to adopt cryptocurrencies and make it main stream. Gold isn't stable. The price does go up and down, but less volatile compared to bitcoin. Where as any news or event might affect the price of bitcoin since the future of bitcoin itself isn't clear. You should look at the long run results. If bitcoin ever gets accepted like gold, we will be seeing that bitcoin is less volatile. |
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Yeah they are just taking the advantage of the hype by adding "DeFi" to their names. I mean, you know most people are sheep. I bet most of them knows nothing about DeFi, they are just following the hype train and investing on it.
The dead projects are just slightly manipulating the price, enough to trigger naive people into investing it. Lol, anyone who are investing on those coins to make millions over night are going to suffer.
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In the real world, we used fiat or physical money in our daily spending. And this physical notes can be use in fraudulence or a so-called Fake Money.
How about in Cryptoworld, is there also a Fake Bitcoin? If there's any, how can we identify it?
There is only "bitcoin". Any coins that say that they are the real bitcoin are the fake bitcoin. Most of the coins that got forked claims that they are real bitcoin. Don't listen to them. If they are the real bitcoin, why they called "bitcoin + something" instead of being "bitcoin"? Lol. If you are taking about creating fake bitcoin within the bitcoin network, no it is not possible. You can't counterfeit bitcoin (on the same chain) like you can do with fiat currency. |
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Stupid law to be honest. I know people are saying that they are "protecting" their citizen, but in fact it looks like they are trying to control their citizen. Why would an adult person would need the confirmation of the government to gamble? If a person doesn't have money or can't afford to gamble, though he still wants to, but then being stopped by the government might feel really shitty. Instead of taking proper steps to help the unemployed or people in need, they are taking absurd steps like this which shows how incompetent the government is.
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What do people need now ?
IT is dead ,anyone one that it's telling me it sector is booming does not know what he is talking about
Also i don't want to hear crypto or bitcoin ... only horders are interested in crypto right now
Online Shopping will be dead also do to fact people will have no more money when savings are gone ...
What would you buy right now and at what price ? ( No stupid answers like gold if 10 usd )
I wouldn't say that IT is dead and people aren't lying when they say that this sector isn't "booming". I mean, that would be stupid of you to think that Information Technology will no longer exist in the future. It will exist with us until the end. In fact, it is becoming so demanding that we are currently facing shortage of skilled people in IT field! I did read another post of yours where you state that it is dead as in people can't afford it. Yeah, revenues is falling, but this is temporary. Based on the current situation, I would by pharmaceutical stocks. They are going to skyrocket within few weeks. |
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Guys You replies doesnt make much sense here
Where is your knowledge Come from? From book?
School?? TV news???
My knowledge Come from real life That's Why I see things different and what I seen in my life is different then You Can learn in any school or read a book
Let me see at least one smart guy here and I Give You merit... Then Everybody Can look Up to him and learn from his knowhow...
Lol, you just quoted my answer and said that you respect peoples opinion, but look at you over here. Cute how you think knowledge from other sources (except real life experience) is all "fake". All those knowledge in books comes from your " real life". Please provide us with facts that can support your claim - "BTC can show economy" instead of acting all cocky  . |
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Show economy? Like how? The rise and fall of the price of bitcoin no way indicates the economy of the world. Lets say a whale dumped all his holding, does this mean the economy is going bad? Let say everyone started to invest on bitcoin due to government making it legal and then the price started to skyrocket. So after passing the law, does this mean that the global economy is going up? Lets say the value of USD started to fall due to bad economy. You will see that the price of bitcoin is rising (which means that you can buy less bitcoin with more USD since the value of USD is now weak), which goes against your fact.
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When I see the picture of our banks in my country's, it seems lots of people in the line to withdraw their funds. An analysis of my country says that people keeping funds on their hands instead of keeping into the bank. And it hasn't happened before where a huge amount of funds holding by population. Bank reports saying, clients are just withdrawing their money, deposits are very low by comparing with withdrawal. That's why people encountering lots of questions from the bank regarding withdrawal. Most likely due to the global pandemic, people want to keep funds on their hands.
I don't know if it is happening in your country as well. But seems people losing their faith from centralized organizations like a bank. It would happen due fair of bankruptcy or due to need money on emergency situations. On the other hand, gold and bitcoin movements saying that new investors getting in. Most probably people want to be their own bank.
What's your thought and what's the real situation of your country?
If they are losing faith from centralized organizations, then why is there such a huge "line" in the bank you use? Isn't it because they trust bank to store their money? And, there are ATMs, why would people want to stand in line to withdraw money (unless they are withdrawing huge amount. But cards do have higher limits. You will need to let your bank know first though). They are now withdrawing money probably because due to some monetary policy change done by your government so that they don't keep their money deposited, but instead invest it somewhere. |
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I have been wondering of people telling me exchanges can freeze accounts, that makes me very afraid to use exchanges to trade, a friend of mine told me hitbtc freezed his account. That makes me here to ask the reason why exchanges can freeze account.
Why are exchanges freezing accounts?
What can I do to make them not freeze my account?
What are the best exchanges to use?
I like no kyc exchanges, please do not advice me to use any kyc exchange. I prefer exchanges that do not demand for kyc or the ones that makes kyc not mandatory?
When you create an account, you agree to the terms and condition of the exchange. As long as you don't breach any terms, your account won't be frozen. The terms and conditions explains every act that might cause you to lose access to your account. Besides the terms and condition of their own website, they have to comply with the AML. So if they see any huge transaction, they usually have to report it to the higher authority and may temporarily freeze the account. |
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The fingerprint scanner is an added layer of security accompanied by 2FA from app or code from an email it was required to apply it in our account to make sure that our account was safe from others. by the way, if you are afraid that someone will use your account without your permission will just make sure that only you have access in the device that you are using.but in terms of storing cryptocurrency in exchange I think it depends on any situation but so far I never encountered any glitch yet, I trust Binance and also it's platform security so theres nothing to worry about.
So you are blindly trusting their security? It doesn't matter if you add 10 layers of security, the exchange get still get hacked and you will lose your coins even if they didn't access your coins. Just because you haven't encountered any problem so far, doesn't mean that the exchange is secure. Even if you do believe on their security system, I would suggest you not to store any coins in any exchange. |
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Does anyone else agree that it's way too easy to open an exchange nowadays, you just assemble a team and buy some trading platform software from a third party and set up your site, compliance be damned. And then some of them do things like listing scamcoins that can be predicted to become worthless, ripping off investors. If a stock were to do this, their owners would go to jail.
And then other exchanges blatantly misreport their trading volume as much higher than it actually is. If a regulated forex platform would to do this, they would be heavily fined.
Sure forex has their own share of scam platforms but in my opinion it is way too easy to set up an crypto exchange without worrying about the legal aspects. There should be more scrutiny and regulation around exchanges.
There are forex scam platforms! Most of them work as a ponzie and pyramid schemes. And they usually end up scamming money from people and then running away. Most of them do get caught and receive penalties and punishments. The same thing happens in crypto exchanges. They make a fake exchange and report fake volumes. They list shitcoins because they get paid for it. It is the responsibility of the user to choose a legit platform and avoid those scam exchanges. |
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E-Toro platform is one of the best platform to practice your crypto trading for free with their demo account, visit their official page to get a demo account for yourself and the amount of $1000 will be gives as your capital to practice trading.
Are demo account actually worth practicing on? I think demo accounts are just good for getting used to the platform like its interface, settings, options and so on. I don't think those demo money is actually worth using to practice. Since, you will have "no fear" of losing anything, you will be trading carelessly. You might get lucky and make some profit trading, and then you might think you are all ready. I would suggest trying with real money first (lesser amount). You will see you take decisions differently since your emotion like fear is going to play a huge role over here. |
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