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What about the EOS Blockchain, the platform that helped elevate Blockchain tech into the 3.0 phase? It is agreed that many people would see Bitcoin as Blockchain technology 1.0. Ethereum is seen as Blockchain 2.0, with it's introduction to smart contracts and tokenization. Then there is EOS, what many hail as being a true Blockchain 3.0. EOSIO protocol which utilizes CPU, NET, and RAM as distrusted resources, and the delegated proof of stake consensus make the EOS platform revolutionary. EOS has a lot of practical use and Blockchains such as TRON & IOST are inspired by EOS.
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The perceived inevitability of central bank-issued digital currencies on a global scale has been a hot topic of discussion for a while now. With China reportedly going ever so close to releasing the world’s first nationalized digital currency, central banks in most major economies are under immense pressure to follow suit — or at least evaluate the feasibility of any such move.
However, if we’re to go by Alan Greenspan’s take on the issue, the underlying concept of national digital currencies is pretty redundant and serves no useful purpose.Read here for the full news articleI have a question to all of you guys here. Do you agree with Alan Greenspan’s statements about central bank cryptocurrencies are being pointless? For me, central bank cryptocurrencies does promote the industry that we’re in. However, “central” is the main concern where “Big Brother” is always watching unlike being decentralized. Let me know about your opinion or thought about this one peeps! I know some of you might agree, others won’t, and others might be mixed reactions. Feel free to share it here guys! Thanks! I don't agree that a central back crypt-currency is pointless. I think the big finical institutions and governments will adopt the technology in order to update their old outdated systems. New and improved centralization with help of tech like Block-chain and consensus algorithms. I don't believe a little centralization to be a bad thing, it takes time for any parliament to upgrade with the latest innovations. It must work its gears and spin it's wheels to get the machine going, it's 2019 and Bitcoin and Block-chain technology is around 10 years old. We're just getting started with going through the regulatory phases, I think it's going to take some time until we reach the big milestones like mass adoption & compete regulatory guidance. Blockchain & Crypto may forego a series of changes before then, only time will tell though. |
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What is becoming more certain than both death and taxes is TRON’s Justin Sun taking to Twitter in a Trump-esque way to announce an announcement. The Forbes 30 Under 30 star from 2017 has recently been raising his reputation in the cryptocurrency space off the back of big announcements, which are often damp squibs.
In the latest announcement from Sun, he has hinted that there will be “huge news” for niTRON – which is the TRON summit that happened in January this year. There is very little other detail added – another classic mystery move from Sun – leaving his announcements to rather manifest in TRON supporter’s minds.You can read the full news hereTo all TRX fans, supporters and #HODLers, I have a question for you. In his latest tweet, he will be having a huge announcement. I'm so curious on what would that be, especially niTRON. I don't know if some of you have any idea or clue on what would be Justin Sun's announcement? Let me know your thoughts or opinions about this one. P.S. I'm a TRX holder since late 2017 (never sold them until now). I met Justin Sun twice in person in Token 2049 Hongkong and Asia Blockchain Summit in Taiwan. There has been a lot of gossip about it being a merger or partnership of some sorts between Tron platform and another platform. Speculation says that Justin Tron has acquired Poloniex exchange from circle. Here is a quote below from an article about the partnership between Tron & Poloniex here from Coindesk. " Justin Sun, founder of crypto platform Tron, said he is part of the investor group that recently acquired Poloniex from fintech firm Circle, after denying his involvement initially." Article Source: https://www.coindesk.com/despite-denials-tron-founder-confirms-investment-in-poloniex-crypto-exchange |
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Read the full article on the challenges and possible solution to living on Bitcoin daily here: www.forrestvisions.com/blog/living-on-bitcoinWho here uses Bitcoin daily or lives on the financial crypto market? I personally use Bitcoin wherever I possibly can, and accept it directly without converting it to fiat immediately. I have been using Bitcoin daily for years. (Ever since Bitpay started improving its Bitcoin debitcard product) I'm starting to become quite fond of using crypto-currencies for everyday occurrences. Ordering Pizza is probably my favorite thing to spend coins on. I first started around 2014 when Coinbase was just getting off of the ground and starting to take shape as a legitimate regulatory compliant exchange. To be frank, after the Mt. Gox situation, as a speculator I was scared as hell to invest in any exchange. Purse.io is probably one of the best platforms still around from the early days. |
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I think it really depends on how you approach the perspective. Technical analysis is a vital tool to help create a visual perspective of the past and present market states and also helps for predictions of future market movements. I believe that there are many approaches that one can take when it comes to technical analysis, however that doesn't mean that the conclusion within the math guarantees the forecast. All that technical analysis can do is give you the data, hard mathematical facts collected from the past and the present market states. When dealing with Predictions/estimations/forecasts/augury, you dwell into the realm of uncertainty, whereas several anomalies (unknown variables) could occur altering the course of events which could result as a failed prediction.
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Bitcoin has effectively figured out how to hold a large portion of its obtained additions when the day's exchanging began, be that as it may, Bears came into difficulty with the increase when Bitcoin plunged down to the $8571.50 mark subsequent to breaking the help at $9000.This run initiated long liquidations to the whole of $31 Million. This invited back unpredictability of Bitcoin which was accused as the reason for the loss of about $89.06 Million for the merchants during this unexpected swing. News Source: TheCoinRepublic I don't know exactly, but it does feel like it is almost a sure thing. The price seems to have a steady incline, not an inflated bubble like last time which reached record highs of $20,000. The market seems to be recovering from that fall, correcting itself. This year has been a stressful regulatory year. All of those submissions made by big investment firms and still no Bitcoin ETF approvals yet? Only time will tell though, can't be too sure about analytics all the time. |
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Another feasible way to bring in a mass adoption that is guaranteed to pass within congress would be for Federally backed (Fiat) banks and other institutions of that caliber to go right ahead and start initiating into their own journeys with blockchain tech. There are so many Blockchain based projects cropping up offering new consensus algorithms, and betters ways to scale, etc,. If the Banks want to play catch up with the latest innovations in fincnial tech, they'll need to work into and integrate their networks with their own modify versions of Blockchians and issue their own modified crypto-currencies. IBM is claiming that the integration of Bank & Blockchain technology will happen within a frame of 5 years. Source: https://bitcoinist.com/ibm-central-bank-issued-cryptocurrency-five-years/ |
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The Indian government’s blockchain platform for tracking coffee has seen significant adoption. Over 30,000 coffee farmers have signed up just a few months after the launch.
Back in March this year, the Coffee Board of India (CBoI) partnered with software company Eka Software Solutions to launch a blockchain platform. Farmers, exporters, curers, roasters, and international buyers could register on it, and trade coffee.Read the full news hereSounds bullish to me. You know why? When China banned Bitcoin, cryptocurrencies and blockchain technology in their country, I knew that one day there would be a change of heart. And it became a reality..... Right now, China is circulating an article about Bitcoin to their citizens after planning to invest on blockchain technology implementation and they removed crypto mining from the banned list of industries in their country. I believe that time will come for India in doing the same. They are considering a ban on Bitcoin and cryptocurrencies, and anyone can be jailed if got caught or discovered buying, holding or doing crypto-related transactions. Now that with their blockchain coffee platform, I strongly believe that “the day will come” for them to “change their heart” on how they view Bitcoin and cryptocurrencies in their country. To all India fanatics here, do you honestly believe that a “change of heart” would come in due time, starting off with this interesting news? Let me know your thoughts here. Thanks! This is a relief to say the least because in the past India didn't have a positive stance on cryptocurrencis like Bitcoin and such. The RBI (Reserve Bank of India) had put the ban hammer down on all cryptocurrency. Any financial providers like banks, credit unions, and other institutions were barred from providing any crypto related services to individual or business entities. There is a Supreme Court hearing on Crypto vs the RBI on the 19th of November 2019. source for court date: https://twitter.com/cryptokanoon/status/1184471926715994114 |
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https://www.irs.gov/newsroom/frequently-asked-questions-on-virtual-currency-transactionsOne for all you lucky Americans. The standout here is this - " Q22. One of my cryptocurrencies went through a hard fork followed by an airdrop and I received new cryptocurrency. Do I have income? A22. If a hard fork is followed by an airdrop and you receive new cryptocurrency, you will have taxable income in the taxable year you receive that cryptocurrency. Q23. How do I calculate my income from cryptocurrency I received following a hard fork? A23. When you receive cryptocurrency from an airdrop following a hard fork, you will have ordinary income equal to the fair market value of the new cryptocurrency when it is received, which is when the transaction is recorded on the distributed ledger, provided you have dominion and control over the cryptocurrency so that you can transfer, sell, exchange, or otherwise dispose of the cryptocurrency." As far as I know no other tax authority has come out with this and it's ludicrous. In the UK it's taxable when you get rid. Then again I'm not sure what they mean by hard fork followed by an airdrop. They are in effect the same thing. This conjures up images of people hard forking each other just to land them with giant tax bills. Disclaimer: ( I am not a financial advisory or lawyer. I am not a paid spokesman for Bitcoin.tax. I am here just to share my personal opinion, not to give any financial or legal advice. If seeking legal and or financial advice, please consult with your local professional.) This is a problem, I've been listening to Bitcoin.tax podcast. They frequently update their casts. Each episode is around an 1 hour or so, but it is definitely worth the listen, especially if you happen to reside within the states. The latest guest was "TYSON CROSS" a tax attorney who specializes in Crypto-currencies.He discusses the latest IRS Crypto tax guidance released in October 2019. He clarifies a lot of material. The links provided below are for a podcast about crypto-currency tax discussion. What is your opinion on these discussions?
To be safe, I wouldn't take any of the discussions on the podcast as actual valid financial or legal advice. But maybe they might be a good listen for research & investigative purposes. Bitcoin.tax: Official Tax Podcasthttps://talk.bitcoin.tax/Quick Link for Episodeshttps://talk.bitcoin.tax/episodes/Remember to always practice your Due Diligence  "this post was edited, I didn't practice my Due Dilligence!" |
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I'm having a hard time trying to understand the concept of IMO. Is "IMO" an abbreviation of Initial Mining Offering? If it is, I kind of like the concept, miners mint the coins that investors are willing to Crow-fund a share of, the contract is forfeited from the owner of the company and turned into a smart-contract. The smart-contract becomes a faucet whereas proof of work mining is needed in order to mint the offering tokens. Investor risk is supposedly completely negated. I'm not sure if I fully understand but that is my interpretation of an IMO, from the best of my knowledge.
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I’ve been noticing that services such as Patreon have been booting off some content creators that have “violated” their terms and services. I was just wondering whether it would be possible to support my favorite content creators using cryptocurrency donations to their websites if they allow it?
You should look up "Brave browser", it aligns well with how your feeling/thinking. Brave allows tipping of BAT tokens to content providers and for users/browsers who opt-in to see the paid ad content. Even Reddit encourages their community toward tipping using cryptocurrencies. I see the tip bot pop up all the time. If you enjoy and feel that the content provided to you was of some help and use, why not offer the creator and provider a tip then? |
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I just ordered the Wirex card and hope to get it soon. The idea is to receive crypto (Bitcoin) by doing stuff that I would be doing anyway.
What other ways do you know to receive / earn Bitcoin for everyday stuff outside of the crypto world that could bring Bitcoin and other crypto directly to users for them to spend?
I know I'll get a lot of backlash but I think that FaceBook's Libra Project is pegged to take mass adoption by storm. FaceBook and it's partners, Occulus Rift/ Instagram/ WhatsApp make Facebook the largest social media platform in the world. If congress were to give Mark Zuckerberg the green light to go ahead with the launch of Libra platform, the cryptocurrency sector as we know it could rapidly change. All of the sudden the world over would be educated about cryptocurrency thanks to the Libra platform. Eventual those Libra users will trickle down into other crypto related projects and communities, so on and so forth. The market would naturally get a boost in growth. Bitcointalk would be flooded with new users like never before. Everyone will want in as the forum experiences a booming surge in traffic. If you thought people were complaining about bounty standards and low ball pay as of now, wait until there aren't any left to complain about  , you'll be asking where did all the airdrops & Bounties go? |
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Some bounty hunters quit because altcoin market is not in good shape but very few new projects still manage to enter this space in this so called bad time, my point is if new projects can take the risks why not same with bounty hunters? altcoin market of this year is poor no doubt but some bounty projects still become a success
Why waiting for altcoin season?
I don't think bounty hunters quit because of a bad season, I think the bar for Bitcointalk's posting standard went way up when they introduced the merit system, and the ability rank up in order to join signature campaigns became extremely harder. it's mostly low level ranks who do a lot of the bulk work for bounty campaigns like telegram, retweets and Facebook bounties, as these jobs pay the lowest. I have never heard of altcoin season, but if you search hard enough you will find good campaigns, their just diamonds in the rough, hard to find. A lot of crypto based projects have been failing. |
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Very weird situation with post count. For example, i had got one post counted from yesterday and made today 6 posts. But in my signature page on Yobit it's only shows 4 posts (1 from yesterday and 3 from today), and it seems, that my two last posts will be counted for next day (tomorrow).
Strange.
It is the same for me, let us assume there is a bug that will be fixed in the next 2-3 days. And as the 2 of us will just be the first ones who drop it here, there will be plenty more, it´s recommended that not everybody now is following-up on that topic here. Now I could be wrong but If I am not mistaken there is no bug to find. Instead please consider that your time zone is different from that of Bitcointalk's time zone, which is again much different from Yobits time zone. So what I think is happening is this, our posts are counted according to Yobits time zone per 1 day/ 24 hr cycle. For example: Upon observation I have discovered that In LA If I make any post before 9am LA time, I could technically make all my 5 posts before this time before the days deadline closes, then any time after 9am LA time a new day has started for Yobit's post counting, so If I wanted to, I could make another 5 posts because after 9am LA time Yobit counts any posts made as being towards a brand new day. So feel free to use this information as a reference to compare with your own time zone. ( I don't know the exact time, Just a guess based upon the LA time zone.) Conclusion: If my hypothesis is correct, the solution would be to simply adjust your posts around Yobits time zone in comparison with your own in order to solve your post count discrepancy or maybe they (Yobit) can update their bot to use Bitcointalks timezone for post counting? I hope this clears up any confusion on the post counting. |
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Some bounty hunters still hold on to their tokens even when every thing looks not so good for crypto, through successful bounty spreadsheets some bounty hunters still keep their tokens for example gowithmi, why? Do you think they are doing the wrong thing? Will they regret later?
I believe that a lot of bounty hunters are going to use the long route to success, and that means by holding their bounty assets until those tokens have a chance to appreciate in value (hopefully). Others are in need of the cash so they go to the markets and sell right away. There are many different strategies to utilize when speculating & investing. One of the most common two are 1: holding/ going long and 2. shorting selling right away for a profit. |
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I think the style of bounty hunting tends to change depending upon the condition of the market and also what bounty campaigns are the most lucrative. Lucrative doesn't necessarily have to mean the highest paying but the campaign that is honest, transparent and has the most benefit in comparison to others. Either way you have to do your research and practice your Due Diligence in order to find the most successful projects. Success is entertained by your own standard measurements and may vary from person to person.
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I was just wondering if one day it would be possible for cryptos such as Bitcoin (BTC) OR Ethereum (ETC) to become mainstream one day for people to use for day to day transactions on a daily basis. Because I heard that the people in Zimbabwe with their economic difficulties use cryptocurrencies as a means of trade.
Would the world adopt cryptocurrency as a means of transaction, what do you guys think?
The invention of the Bitcoin and the Blockchain has been causing quite a stir these last couple of years. All around the world people are starting to adopt the Block-chain technology. Governments and institutional investors are starting to slowly implement the tech within their own systems. I think in it's current state, it will not be mainstream. I think it has to become much simpler to use first before a mass adoption can take place. Blockchain tech will have to be able to benefit people in remote areas, and the poor and disenfranchised in order to be a mass success. As of right now, you need certain tools to manage your cryptocurrencies, it would be simpler for the average Joe of society to continue using fiat currency than to switch over to cryptocurrency. |
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Another day, another dollar-backed cryptocurrency stablecoin. This time, the Blockchain Venture Capital Inc. (BVCI) has launched CUSD — the first legally delivered USD-stablecoin in Canada.
The cryptocurrency is supplemented by a mobile wallet called Bvc Pay which is used to store, exchange, and trade CUSD over-the-counter (OTC).Read more hereTo all Canada-based cryptocurrency enthusiasts out there, I have a question for you. I know that there are lots of stablecoins in the market now such as Tether, Digital USD, USD Coin, Digital Gold, etc. Do you honestly think that this brand new dollar-backed crypto stablecoin CUSD will have any difference and than the other existing stablecoins in the market? Maybe you guys could enlighten me and the others on how would CUSD have impact in the Canadian crypto market. I would love to hear your thoughts about this one guys! Cheers! Is this a legitimate project or not? As of late Canada has been put through the ringer by the (BCSC) British Columbia Securities Commission due to all the exit scams. The first exchange to go down for the count was QuadrigaCX, with its dead CEO that was found in India with no access to the passwords that control their customer accounts. It is believed to most likely be an elaborate exit scam that has taken place. Also, what of Einstein Exchange, it just suddenly shutdown out of the blue, completely disappearing? Now I'm supposed to trust this Stablecoin as if there weren't enough already? Is there any proof that this Stablecoin is backed by the Canadian government? |
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I think before making any purchase of any kind, that one should practice their Due Diligence beforehand. Some people see gold when they look at all of the different altcoins in the market, then decide to throw all of their hard earned money on projects that either have no abundant future, or a copy-cat clone project that adds to the many alternatives that are already over-flooding the market. It is good to do research before you buy in and find out if the coin even has a future. Check out the team and the community behind the coin. Do they offer a white paper, a general road map for goals and overall transparency?
You have to ask yourself whether or not you see the project prospering in the future. I'm sure you'll receive plenty of advice within this thread but please remember to practice your Due Diligence first.
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With so many controversies arising from this tech giant's ambitious actions, we never truly asked the most important question.
Would the people actually use Libra should it be approved by the congress?
There will be a lot of mixed emotions from different people that will stand by for adopting Facebook's Libra project and those that won't. I won't adopt it to use on the platform but maybe purchase a few just for speculative purposes. As of right now, Facebook is standing in front of congress trying to get the backing and the green-light to go ahead and push forwarder. Many regulators aren't ready of a mass adoption yet so they're putting the pressure on Facebook. I believe Libra is a risky but powerful move on FaceBooks behalf. As of right now, their standing on the forefront of global adoption of a single Crypto-currency. |
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