I just wonder what would a gambling site do with those documents they require related to KYC.
They can keep it and store it as their evidence if something goes wrong. Just like other websites or establishments that are requiring some documents for their services but when they are done, nothing happens as its only stored to their database / vaults. It would just make the process of payment (of winnings) longer.
As others explained, their government maybe requiring it or they are pushed to implement it and they just want to obey and protect their business. For sure anyone would think twice of submitting their personal infos to those gambling platforms.
But if its your money to cash out, you have to follow. |
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Payments have been sent now. Docademic will be in charge of the tokens.
Thanks hilarious and Docademic, pleasure to be part of this campaign for 2 weeks. |
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I honestly believe that this make alts useless (say, by the end of the year), your thoughts?
Not all but we are going there that we might seen a bigger progress and development with bitcoin as it's getting all the attention from the stage. I'm thinking about that before as I'm a bitcoin only investors way back then but when I'm started to and recognize that there's also a good flow of money in the circulation of altcoins, they are no longer ignored. But we are talking about the future here and you might be right and I may be wrong. Bitcoin will remain even without those alts but those alts won't if there's no btc. |
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Invest In Good ICO  You can't say that just invest in a good ICO. There are too many ICO's to choose and if you're not lucky enough and you are lack of research from that ICO, you can even get scammed. I'm not generalizing that all of them are scams but make sure that when you'll invest choose the best that fits your interest. Hey at the moment is better to invest in mining !!!!!
There's lack of information as the OP didn't indicated on how much electricity cost in his place. Btw, what mining is that? |
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myetherwallet.com admin and his team is very very shameless and giving hackers to chance to hakeing
Are you sure that MEW team is giving information to hackers? How come that information are given away through these hackers. AFAIK, that's why they are called hackers because they are stealing information, money or anything that they are interested online. why not improve security like e mail or sms code before loging?
Are you a victim of a phishing link? I guess the problem is with you and you are hacked and fooled by a simple phishing website that looks like the same with MEW. I've been using MEW since then and there's nothing wrong that I can complain, be responsible as a user. |
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Does blockchain.info keeps my private key(s) in their wallets of database? I am referring to the wallets on their website.
What other private information do they use?
When I registered on blockchain.info they have provided me mnemonic words but I have no idea if they are still providing this key. If you have privacy concern, i suggest you to use Desktop wallet, whether it's SPV or full nodes wallet such as Electrum and Bitcoin Core.
Bitcoin core is one of the oldest and trusted wallet of all time but I'm not using it anymore since it requires to download the whole network. Electrum is a good choice but there are also good wallets that are indicated to https://bitcoin.org/en/choose-your-wallet |
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Based on what information? Or are you just guessing?
He's just giving his points about what he can feel for bitcoin for the next months to come. I thought that upon viewing this thread I'll see a good opinion on why bitcoin will make its investors to millionaires but that's disappointing to see such generics thoughts. no more going down.
Don't be too confident. Bitcoin isn't playing this way, I'm against to bitcoin going down but don't tell such words that you have no basis. How long have you been in the crypto world to say this statement? Markets are moving unstably and there's no way to predict that it's no longer going down. |
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There are so many scammy/spammy ones out there.
What's your concern through the forum? Are you even transacting with somebody that tries out to scam you? You need to generalize as all of the communities does have people who are acting like that. Acting that they all want to earn quick and the easiest way is to scam people so it's not only happening here in forum. That's why there's a trust system that we can base our trust to someone before taking up a deal and also there's a middle man (escrow) who's willing to help, you can tip or pay them for their service. What are your other favorite bitcoin forums?
I'll agree with potatochips, r/bitcoin which theymos is also a moderator on it. |
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I heard that many peoples are complained that their myether wallet has been hacked.they used directoly keystore file or private key to log to MEW. These ways are not a recommend ways i saw two good recommend options to log MEW
1Using metamasak wallet
2 Using a hardware wallet like trezor or nano ledger
So my question is what is the best solution to protect my erc20 using a metamask? or using a hardware wallet ? Or any other option
- Just don't log in to a very suspicious website.
- Bookmark those web wallets that you are using so that you will redirected to the right and legit website.
- Don't publish your private keys on the web, email, social media accounts and notepad on your computer. Why notepad is also included? Once your PC is infected, hackers can penetrate to your files.
- Write your private keys in a piece of paper.
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For me, I am using coins.ph as my online wallet. For me, it is safer. Why? Because even it is an application installed in your mobile phone, it is still have a pass code before it can be viewed by the owner, and additionally it is very convenient to use.
Do you think having a passcode before entering into the wallet is safe for you funds?  No online wallets are safe to use because they don't have private access so the companies are controlling our fund like what banks are doing to our fiat savings.So they can do what they want and the main thread of online wallet is getting hacked now a days.SO we need to store our bitcoins in wallet which provides private key access.Electrum is one of the best wallet for bitcoin. He don't know that there are cases that even with those passcode's, passwords or any type of security can be breached due to the system's weakness. And he don't understand once that coins.ph is a victim of breaching and there are hackers who went through their system, all of their funds will be stolen due to the back end attacking and even they have those type of securities they are not exempted once the hot wallet where all the balance of their users are gathered will be stolen. I would have a big trust to a desktop wallet that is allowing me to hold my private keys and the same goes with hardware wallet. As an addition, you can also add a google authenticator so that your funds will be also safe if you will become a victim of phishing. |
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It should be the millenials.
No. The target market of bitcoin or the cryptocurrencies aren't only for the millennials. It is designated for everyone who wants to invest and want to be upgraded with the payment system. They are the ones that will lead the next generation of youth in the future so it would be just right to target them and thankfully that it's easy to do that with the power of social media.
How about if these millennials doesn't have the capacity to invest. I know that they are the future of the next generation but the thing is that they are not capable of investing, they can be the sole hope of the future in systems and payment but it's not right to say that they are the only target market for bitcoin, how about oldies but goodies? |
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I'm not here to defend yobit or so but they are legit exchange but they have problems when it comes to customer support, deposits and withdrawals. To all who are complaining with their wallets and funds that are delayed to reflect to their accounts, it's either you deposited on the wrong wallet or it's only delay. Most of the problems that are existing are only for shitcoins.
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I would like to know which brand of hardware wallet to buy as well as the best place to buy from.
This question has been asked many times at this section Alternative clients. It's unfair to say that it's safer to have ledger nano s than trezor. Both does have their own good security and recently there has been an issue with ledger because of a re-seller scammed and fooled one of his customers and robbed his entire life savings but this is not the whole thing with nano ledger s. I have nano ledger s and there's no problem on me since I started to use it, there's no perfect system but it all depends to the user on where he is convenient. |
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Pro's for keeping your balance to an exchange.
- Fast, you can trade it immediately.
- No transfer fees.
- No delay.
Con's
- The exchange can be compromised together with your balance, that's all.
Pro's for keeping your balance to a wallet for each coin.
- You have the private key and your coins are safe so it's impossible to be hacked unless you will be a victim for a phishing link.
Con's
- You need to pay fees when you will transfer it to an exchange.
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Electrum is a good choice as it has segwit wallet too and I've seen people here in the forum does have that "bc" address and it came from electrum if I'm correct. But for now, I'll remain with blockchain.info as I like the adjustment with the fees which is really convenient to me.
This doesn't make sense. You can also adjust your fees in Electrum, but if you choose a Segwit address, you will pay 50% less in fees. I really don't see any advantage on using Blockchain's wallet. You can even choose a wallet with addresses starting with a "3" rather than the "bc1" format for better compatibility. I'm just explaining that there are people who already adopted the "bc1" address with electrum and that's what I've noticed here in forum. As there are signature campaign's who are already 100% segwit. There's not that much advantage with blockchain.info but it's most of us here are just used to it. |
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Hello,
I have a programming background, but I'm relatively new to crypto/stocks.
Hi! Welcome to the forum and to the crypto world as well. What would be some key metrics/performance indicated to calculate a coins growth potential for the future?
There's no specific key metrics to calculate the grow of any coin in the future. By doing this assumption you will most likely fall into speculations, most of those statements that are published are base on how those experts predicted the growth of bitcoin and it's like an intelligent guess. I may build a web app w/ API's to do some calculations.
Just like btnt8888 said you can use its market cap, total supply and add also your analysis. Thank you for the warm welcome. Yes, I started to build something and wrote a little script that calculates my own formula on what coins may be undervalued...but again this is with limited knowledge on the cryptosphere. I would love to see what kind of considerations go into analysis for professionals. If it's the social activity you could pull that data, if its github commits, you could pull that data as well. I would only use this for analysis to then look deeper into the projects on usage case basis. There are so many analysis you can find at social media's, facebook bitcoin/crypto trading groups and mostly in twitter. Someone who's been into crypto for even a week can give a drastic analysis after learning on how the market is playing with its investors. There are also factors that are making these coins growth possible when there are positive news that are coming out, like adoption of a company or any support that it will be getting. |
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I've been using the blockchain.info wallet for a few years now and didn't have any problems whatsoever, except for the fee oscillating.
You can get your private keys, various security options, has direct exchange,etc... the only thing that's missing is the support for segwit.
I have no issue with blockchain.info either and with their segwit support, I think it will be on March. https://blog.blockchain.com/2017/11/15/segwit-bitcoin-cash-update/But electrum is also available in android platform,one of the best wallet for bitcoin,so you can try it also.
Electrum is a good choice as it has segwit wallet too and I've seen people here in the forum does have that "bc" address and it came from electrum if I'm correct. But for now, I'll remain with blockchain.info as I like the adjustment with the fees which is really convenient to me. |
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So this is like another generated coin and you are planning to held an ICO soon. I'll give some points that I can see that there's no improvement on your proposal. Benefit:
5. Easier way to transfer money.
6. Secured
7. Easy to access
These points #5,6 and 7 are very normal points for a project to say on what they are promoting. I know its a good point to include these 3 but developing a project you should skip these things because they were given since you are doing a payment system. Disadvantage:
1. High Amount of cash is needed for the project. (Crowd-Funding is an option)
2. Partnerships with big network companies existing in philippines (GLOBE, SMART)
You just said that there's no need of physical money but you just mentioned cash and what's with the disadvantage of partnering with those giant networks? This is just not another generated coin and yes we are planning to held an ICO/Crowdfunding we want to offer our subscriber free to small transactions as we target from small vendors - big vendors. Points #5,6 and 7 are really a normal points but well point advantages that's why it is mentioned in promoting. Yes there is no need of physical money as this project launch but let's be realistic here in starting this such projects will cost big fractions of money from software development, legalities, deployment, partnerships with networks and hardwares that will be used in the project. Yap that's a fact that when building up such projects you need to take up budget and it will be costly as the beginning is always the hardest part of something. And that's why you are going to held an ICO and that's the process of crowdfunding so that your idea of this cyber payment will be in reality after the ICO. But how is it that you mentioned it is not just another generated coin and you will start an ICO and will distribute tokens to the investors. I know it will be a tough start but I wish you good luck with this project. Thanks all of your suggestion is been heard hopefully I can ask the bank for a loan and start this project and launch an ICO program and I'm not saying that we will not generate another coin what I said is not another generated copycat coin yes we would love to have your support in our program also your suggestions are well appreciated. Ooops mate, I think that's a different thing although you have much trust to your idea and project but asking for a loan just to pursue it is something different. You don't have life savings to sustain this? But if you don't have any option and you are capable of loaning to support your own project then that will be your last option. Okay, let's settle that generated coin as it's already been told and given. What you are planning now to execute the ICO and support the beginning is you'll loan. AFAIK, that's why there's an ICO to support your project but if you think that's the right thing to do, it's up to you. I'll still go back to this thread and know on what part are you now. If I've seen some good progress it might give me a pinch of interest to support even it's a small amount. |
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Hi ive been approached by a fellow trader
Who's this fellow trader that approached you? Can you give his/her name? and they recommended bitcoinxcloud.com
Are you sure that fellow trader suggested and recommended you that unknown website? I'm pretty sure with this information below you are the sole owner or you have connection with that scam. Name: JPR Posts: 4 Activity: 4 Merit: 0 Position: Newbie Date Registered: February 10, 2018, 10:21:57 AM Last Active: Today at 08:29:49 PM The scam website is even recommending $600 for 1800 GH/s and trying it's luck to scam with that amount. im passing this one off a a lucky escape.
If you're not the owner of this website then you better stay away from it. |
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altcoin that should be owned and used to invest in the long term. very loss if it has no ripple and holds it for long-term investment.
Many are believing in Ripple and many are also not believing to it. This coin is very manipulative and I don't like on the owner became one of the richest person in the world when it reaches the ATH of $3. Rpx will probably never be used by banks
It's XRP and its really intended to be used by the banks so in the future this will be adopted by the banks but it's market is shady and easy to manipulate by its owners. Ripple to me is centralized and is more for about helping the banks than it about being apart of the crypto community.
This is the reason why I don't have Ripple even until now, I don't want to be part of it's community where the coin is centralized. |
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