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3001  Economy / Gambling discussion / Re: Fairlay withholding my BTC for currently no real explanation on: August 09, 2019, 04:13:36 PM
...
as for the possible reasons it could be the tainted coins you got from an exchange or your IP flagged
...

If tainted coins are the problem he would have a problem with the exchange as well.
But he stated that he has no issues with his account at the exchange where
the funds were coming from.

I´m really curious which 3rd party Fairlay is talking about here. Given the fact that
Fairlay is not licensed anywhere in the world I don´t really understand why they would
work with a company like Chainalysis (I suspect that the 3rd party that they talk
about is one of these blockchain analytics companies).


And where is the central authority to learn what coins are tainted and not? What makes you think that particular exchange used the same source as them? As far as i know that space is pretty much chaotic, victims of theft have nowhere to go beyond their local authorities (which more often than not do nothing), and there are also victims of false accusations or who bought the coins without suspecting anything.

One advantage of mining your own coins is you have 100% proof they are clean, unfortunately as time passes less and less coins will come from mining and more will be the same ones re-circulating, and ultimately some of those will come from dubious origins. Also i would like to know how the few recovered coins get cleared again. This might not seem important now, but it will become more and more important as time passes, because freshly mined coins will become more and more scarce.
3002  Economy / Speculation / Re: Do you agree with this crypto expert's bitcoin price prediction? on: August 09, 2019, 03:43:26 PM
Well!! Popular crypto expert Tim Draper predicted the bitcoin price.

According to Tim Draper, Bitcoin Price Will Hit $250k by Q1 2023

What's your take on this?

I don't think so, no. Its just yet another guy wanting attention, likes, views, whatever. Perhaps 50k~100k, assuming (2024) pre-halving bull run (like 2020 soon, did you check the 2016 one?). But i guess it will be more clear after this halving, after the bull and subsequent bear.

Bitcoin should be slowing its increases in price as time passes, not the other way around. It will never go on par to fiat though, fiats are devalued (by printing, etc) intentionally while bitcoin is not and in finite supply.
3003  Bitcoin / Bitcoin Discussion / Re: Walmart and Crypto? on: August 09, 2019, 03:33:26 PM
I can tell you now, the US Government is going to stop these "Private" coins, before it takes off with every company having it's own token and competing with the Dollar. A lot of these companies are global and their token will have a impact on the local reserve currencies too, so you will get push back from the smaller governments, because a foreign currency are used by their citizens to buy goods and services in their country.

Imagine Wallmart only accepting the US Dollar for goods and services in another country outside of the US.  Roll Eyes

Probably. We are witnessing a privatization of money. Unfortunately centralized efforts are doomed to be subjugated by the state. And like you say, Walmart could be forbidden to use its own coin in countries like the USA. Walmart is actually present in China (Chinese rich go there to purchase expensive American imported goods), we should expect a similar situation there.

Save for a few exceptions like the HKD, most fiat coins are State owned. And many states forbid people from using their own. Of course they can prosecute individuals and companies, which is why centralized coins are so weak. People think because a company backs a coin makes it safer, but its actually the other way around. Ask yourself the question, can the coin survive if the parent company is destroyed? Then you know if its centralized or not.

If IBM and the likes back Bitcoin (or something very close), sure. But if they make something like Libra, that depends on Facebook survival, forget it. Zuckerberg doesn't get, how worthless his coin is by making it centralized. And some State initiatives are falling the same death trap.

Still, i guess with every initiative there is chance of discussion and promotion, and people can and will find their way to the original, here.
3004  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs Gold? Which one you would choose to invest for long term? Why ? on: August 09, 2019, 03:20:30 PM
Both are great and profitable assets. Holding gold takes a longer period for one to get profits as compared to bitcoin. What gold will use 50years to acquire something achievable and lucrative, bitcoin will use only 5 years to get there.

It is wise to diversify. I don't see gold as an investment for growing, its more like a refuge to not lose (because all fiats lose, albeit most do it slowly). Gold price has matured over time, it is generally considered that it won't have a sudden price fluctuation, but unlike bitcoin this is not a given. People say there is not much more gold, but there is, maybe not on earth but in space... In 50~100 years maybe someone finds a rock full of gold and bring it. Of course most people here are not worried for such long terms, but some entities should.

Suppose you are both believer and scared of bitcoin, what do you do? You put half in gold and half in bitcoin. If bitcoin crashes (unlikely) your other half is safe. If bitcoin goes moon, half your fortune multiplies. Yes, you would have gotten more if you committed all of it, but if you are wrong you would have lost all your fortune. Never put all your eggs in the same basket... This is easier for those with capital, ironically, those with more money can make more money without fear that those with few or little money to invest who end making more mistakes and losing more.

Of course, i already mentioned before the inconvenience and security issues of actually holding gold. With crypto you can be a closet millionaire, without anyone ever suspecting anything...
3005  Bitcoin / Bitcoin Discussion / Re: Sats rather than Bitcoin - will it cause a price pump? on: August 09, 2019, 01:10:38 AM
I prefer denominating things in mBTC for the time being. BTC is too large for small USD values, and sats is too small for large USD values, whereas mBTC lies somewhere in the middle.

USD
BTC
Sats
mBTC
$1
0.000094 BTC
9,400 sats
0.094 mBTC
$10
0.00094 BTC
94,000 sats
0.94 mBTC
$100
0.0094 BTC
940,000 sats
9.4 mBTC
$1000
0.094 BTC
9,400,000 sats
94 mBTC

Try saying all of those out loud. Zero point zero zero zero zero nine four is awkward, as is nine million four hundred thousand. mBTC is (at current prices) the most easily workable denomination, and also avoids having to count zeros, which you have to do when dealing in BTC or if someone doesn't include the commas in satoshi.

Satoshi could well become the denomination of choice in the future, but at the moment, I think mBTC is the easiest to work with both visually and verbally.

We do this everyday here. Some people for speed just skip the zeroes. If someone says 94, it means 94 thousand, or they say 940 for 940 thousand.

mBTC is garbage because, it has both non decimals and decimals. Give me a brake decimals from decimals? Get lost.
Also "at current prices", is your biggest flaw. You cannot push a BIP over something that can and WILL change and is outside of Bitcoin to begin with.

If my internet wasn't garbage i would show you pictures of prices. Restaurant menus, shops, everything is expressed like satoshis, now that my currency is 75% the value of a satoshi. You should go to history, since you never lived a reality with hyperinflation, how did people lived with those zeroes, and you will find the same answer. Some Euro countries did have fun with zeroes before the €, but Americans and British have no idea.

Do not try to force an euro / dollar centric view on prices. Satoshis do work FINE, mBTC do not. A hundred million satoshis isn't even hard, i will refrain from talking about the Pengo, everyone loves the Pengo, socialist central planified economy at its best...

PS: If our current gov doesn't fall, we WILL dethrone Hungary, but first Zimbabwe...
3006  Bitcoin / Bitcoin Discussion / Re: Bitcoin is wasting electricity and are harmful to the environment.. Yea right!!! on: August 09, 2019, 12:47:43 AM
Feel free to add some updated statistics and also a graphical presentation of what those millions of cards would look like, if you had them all together. We would circle the earth a couple of times, if we had all the cards that were manufactured, since it was introduced many years ago.  Roll Eyes

Hilariously i have 3 or 4 VISA/MC (still "valid") that could in theory not spend more than 1 satoshi (one is "Gold" lol), and now my entire country has to toss them, because Trump ordered American companies to leave so by the end of 2019 both companies will cease to operate here.

This obsolete method of payment should just go away. We are heavily dependent on debit cards, also operated by both American companies. Who knows what they will do at the end of the year, my guess is that they will bring the only non American debit/credit card company, Chinese UnionPay.

There is little and not enough banknotes, and they are too small to buy things anyway. Hyperinflation renders them useless in mere months. So you can add to the pollution the actual printing of bank notes.
3007  Economy / Exchanges / Re: Binance hacked again 10k+ KYC (FACEBOOK 2.0 LEAKAGE) on: August 09, 2019, 12:36:31 AM
And that's the other ugly side of KYC, losing privacy and possible identity theft. This is the problem of the police state that governments always end pursuing "in the name of national security, etc". Ideally people would never exchange, and pay and be paid in bitcoin. Transition period is quite annoying.
3008  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin mixers be considered illegal by worldwide governments? on: August 09, 2019, 12:18:14 AM
I can imagine many governments regulating them the same as exchanges, forcing them to do KYC/AML and what not. They can then prosecute the operators in their countries that don't comply, exactly like exchanges.

Banning coins they can try, but hardly succeed. This time its a decentralized service which is not easy to shutdown. Centralized services like exchanges and mixers could be attacked. Well, unless there is some decentralized mixer out there, which should be possible to do (and easier than the Bisq DEX).
3009  Other / Politics & Society / Re: I am not American, but I would vote for this guy 2020 on: August 08, 2019, 11:58:40 PM
So Bernie the solution is pretty simple, you need to auth via KYC your fingerprint in order for the gun to shoot.

No it does not need to be set up to a central server so the "government can turn everyone's guns off at once"

I think I know how I could make all guns exactly the same, other than the fact that they will need to scan their fingerprint in order for it to shoot, and that fingerprint would have to be properly registered.

So become can keep their fast shooting rifles

They don`t like it being called "ASSAULT RIFLE" because there is nothing assault about it unless used that way.

Ugh. What if there is a glitch within the fingerprint system of the firearm? Is this sort of thing foolproof?

Are you fine with a cop or a citizen that is defending themselves dying because their gun won't recognize them?

Where are all of the fingerprints going anyway? How are we going to ensure that all of this information is safeguarded and ensuring that it isn't abused by government to infringe on the rights of those.



This is actually funny. You could make it blockchain based and decentralized. Obviously run a node on each gun, which should have mobile connectivity. While you are at it, pass the manufacturer where is used and how frequently, just for, "providing a better customer service", of course Smiley
Then they could also reject unapproved munition, which would have some sort of cheap so the gun actually triggers it. You don't want counterfeit Chinese bullets, do you? What if that powder is sub-par?

I'll call them, "smartguns". Yeah, that's the ticket. Add a touchscreen and let it run all your favorite Android apps. Endless possibilities!
3010  Bitcoin / Hardware / Re: [Review] Whatsminer M20S 65 TH on: August 08, 2019, 11:41:57 PM
I have some M20 on order..prefer the lower power draws...much better bang for your buck...less risk if one fails but same efficiency...MUCH cheaper initial cost.
Also looking for more used M10....
Pangolin's are BOSS and will be for years.

But shhhhhhhhh keep praising & pushing the expensive and inefficient and unreliable ShitMain's and Inno's. Avalon? Schmavalon!

I also prefer the M20 and possibly the larger M20S which has the same efficiency. The S17 could be a little more efficient but its way more expensive, AND power hungrier and noisier.

Don't praise Pangolin, those units are made by MicroBT, and their model name is Whatsminer, not to be confused with the re-seller.
3011  Bitcoin / Hardware / Re: Bitmain introduces the Antminer S17 Pro, Antminer S17, and the Antminer T17 on: August 08, 2019, 11:23:29 PM
[...]

Add in the MicroBTs, the M20 at 48 W/T for $1830 (45T) and the M20S for $2680 (62T) also 48 W/T both with November deliveries according to Pangolin.
You could put for comparison's sake the 21s which are the lesser efficient models, the M21S at 60 W/T for $1825 (56T) and the M21 at 60 W/T for $888 (28T). Well i guess the 21s are superior to the T3 and close to the T3+, but the 20s are definitely better.
3012  Bitcoin / Mining support / Re: which s9i firmware is best? on: August 08, 2019, 06:36:17 PM
Any news? I was wondering what is the best firmware for my s9j miner.. I want a firmware that I can set frequency per chip and even underclock in some senarios. can you help me with that?

BraiinsOS allows you full control over your asics frequencies and voltages, fans can be set at fixed speeds or ignored and sensors can be disabled/ignored. This allows the greatest flexibility, and with care you can find the best efficiency per hash board, but you can also harm the miner if you go reckless with the voltage and speed settings.

No, these settings cannot be changed per chip, only per board. This is probably a hardware limitation.

As always, at a given fixed speed lower the voltage until you see the actual/current hash rates differ too much then go back up a notch on that voltage. If you change the speed, do this again, remember this has to be done per board, as every board is different.
3013  Bitcoin / Mining software (miners) / Re: Braiins OS: open-source mining firmware [S9, T1]. New release includes AsicBoost on: August 08, 2019, 06:22:28 PM
Thanks. I tried your solution and it works but the problem is this error appears periodically. Does anyone know why?

Well i have only experienced that a few times after installing it. Are you still needing to do this periodically even when using the latest version? It is probably a bug but I'm not sure what exactly triggers it.

I guess you could try changing the permissions to the file (when its there and working) so that it becomes read only like: chmod ugo-w /etc/cgminer.conf and see if it makes a difference. It shouldn't be disappearing or changing its size to 0 bytes on its own...
3014  Bitcoin / Bitcoin Discussion / Re: Why are big leaders now opposing cryptocurrencies suddenly? on: August 08, 2019, 06:09:02 PM
Almost all governments are generally threatened by the existence of cryptocurrency. This can be understood because the government might be afraid of the decentralization system which is the basis of the cryptocurrency. Although they acknowledge that the technology behind cryptocurrency can make financial market infrastructure such as payment systems more efficient, they still worry about the risks that might arise with the existence of cryptocurrency itself, for example, the potential for financial crime, security violations (hackers), operating failure and others. Apart from that, the existence of cryptocurrency is still considered to disturb the financial stability of a country because no one can control it.
But in my opinion, the most feared thing by the government if in the end cryptocurrency is accepted as a legal payment instrument is the absence of a role from the government itself. The central bank can no longer be a transaction mediator, the government can no longer manage the transactions that occur, all will be done peer to peer between users. At present what the government can do is accept cryptocurrency as an investment instrument while studying the application of blockchain technology to all sectors.
If at any time, I don't even know when, cryptocurrency is generally accepted throughout the world, then Mike Tramp's dream when creating When The Children Cry songs will be real. "No more presidents, And all the wars will end, One united world under God"

The governments themselves are not threatened, but their ability to manipulate the money is. Such as overspending and then hiding it by making everyone poorer (filling the gap by printing some more). These types of governments are better to cease to exist. Separation of money from State is good. No more lies, no more playing with people's money.

There is also a LOT of corruption with this in many places. The worst example always lies with the worst inflation, which is my country of course.

They fear that they cannot change the rules of money on a whim. They have been accustomed to sign a decree overnight to fix some stupid mistake of theirs (or to cover some thievery). Well good riddance.

Those countries more used to transparency, freedom and sane economies, are more willing to open themselves and embrace Bitcoin. The dirtiest are the ones opposing it the most.
3015  Bitcoin / Bitcoin Discussion / Re: Anthony Pompliano holds 50% of Net Worth In Bitcoin on: August 08, 2019, 05:36:06 PM
I think it is very risky to have such high expose to a high risk investment option like Bitcoin. Only 15% of my total investment portfolio is in Bitcoin and other Crypto currencies, so if something goes wrong, I still have 85% invested into other options and I would be able to take a hit and still survive.

Younger people can still risk a higher percentage exposure to risk, because they have time on their side to recover, but older people should never have a high percentage of their total portfolio invested into high risk investment options like this.  Roll Eyes

Everyone's situation is different and you should make decisions like that, based on your future needs.  Wink

Of course the bigger the capital the more relaxed and safer options are at your disposal. Some people have to gamble it or would never make it.

15% of a thousand dollars, or 15% of a million? You can't answer that, but the smaller your capital the harder choice it is.

But what if this guy can afford to have half his net worth frozen? he can literally sleep over bitcoin taking a dive, and wait the needed years for its recover, some people just can't (again those with smaller capital to begin with).

Or as the saying goes, never afford what you can't afford to lose. Maybe he can literally lose half his net worth and still be fine, so he is gambling it.

I'd say, he will make it. But i don't know at what price he bought, bitcoin relative to fiat price will probably rise (slowing down overtime, but up).

Now if he depends on this investment, then he could get in trouble, as you say. Hopefully he doesn't depend on it and can sleep comfortably.
3016  Economy / Trading Discussion / Re: Should move to BTC? on: August 08, 2019, 05:24:33 PM
Hi guys ! Thats a question i do to myself very often , and it always looks like the right answer. My main coin for now its XRP (like 3000) and a very few BTC (0.005).

I hold XRP from long time but i see BTC price raise a lot and XRP don't do much. They have a consolidated project but no matters what BTC price its still mandatory.

So the question is , should i sold like 2500XRP and buy BTC when this one have a price drop?

I know its something i had to decide myself , just looking for what you guys think.
Thanks!

So for you its a matter of beliefs. Then why you didn't split in two halves? I don't trust XRP but if you think that could rise leave 1500 there and put the other 1500 in bitcoin.

Perhaps xrp will look more like a regular fiat overtime ("controlled" inflation), given its main backers. Diversify is a wise answer, in this case it "halves" your potential earnings, but it also halves your potential loses. Of course, you could have automated trading taking care of that (ie. stop loss etc).
3017  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin may be doomed on: August 08, 2019, 05:07:55 PM
Bitcoin and cryptocurrencies in general are wonderful things and probably have potential to enhance our everyday life in aspect that we cant even fathom, but there is a problem when it come to progress, most poeple are afraid of what they cannot understand without putting their mind at work (which they probably wont do), and will avert something new even if it has incredible benefits. this is why crypto will have to face the reality that most common people are not savvy enough to trust something as conceptual as cryptocurrencies, not to tell that it requires a phd, but a minimum is necessary to secure one's fund.

In fact Cryptocurrency just need to be more accessible and more user-friendly, most people don't have a clue on how banking system work but they are still willing to use it and put their life saving in it, if some entity find the right balance between security and usability, i think this might help but hope that people will educate their self in the future is a bit unrealistic.  

You are using too many words to describe a bitcoin bank, which is what most online wallets and exchanges do. Ie, you want to trust a third party with your money, because you cannot trust in yourself well enough to keep it protected.

My answer to this is, are you willing to pay the fee? You should because:

This is a full reserve banking system. Banks "(ab)normally" pay interest to you because, they don't keep your money, and they can go bankrupt, because of the scam known as fractional reserve banking, which is how modern banks operate.

If you have used debit/credit cards or any type of pre-paid card you put money into it and then later spend by swapping to machines, you already understand the gist of the matter. The difference here is that crypto is far more secure and impossible to fake, as sometimes happens to these naive digital payment systems (ie. for metro/trains/bus etc).

Perhaps for some people some form of hardware wallet would be the easiest to use, only for small amounts of course. A smartphone could accomplish the same function of course, but for some people some sort of "card like" device (with eink screen, reader, etc) would do.

But this is not even the coin's realm, its the people doing the wallets, both software and hardware. The coin itself is good. Already bitcoin is on the brink to be easily used for quick small transaction, via LN, but this LN needs to be implemented in a way that is super simple to use, and that lies in the hands of wallet developers. You can't expect a common user to be running a bitcoin and lighthing node in their smartphone, even if some have already done just that, bandwidth use is prohibitive. That's why light wallets like Electrum have their place for daily mundane purchases at the shop etc.
3018  Economy / Gambling / Re: 🌟🌟777Coin🌟🌟 ✅ Many Games! 🂡🂫🎰🎡 ✅ Progressive Slot Jackpot!💰 ✅ 5+ years on: August 08, 2019, 04:49:37 PM
Despite of lack actively communication from @lightlord here, less actively than in BitVest thread, at least newcomers should know that 777Coin and BitVest have same owner(s), and they are all high trusted, by running their casinos over years, without issues with trust or flags. To be honest with you all, in my early months when joining gambling sections, I did not know BitVest and 777coin have same owner(s). More surprisingly, this fact is common, because there are some pair of sites like these: PrimeDice and Stake.com; CyberDice and OneHash; BitCasino.io and Sportsbet.io

So is there a compiled list somewhere that shows which site belongs to which user in the forum? It would be quite useful. Also interesting would be starting date for each service and any other public available stats.
3019  Economy / Gambling discussion / Re: Fairlay withholding my BTC for currently no real explanation on: August 08, 2019, 04:33:01 PM
I think you should move this thread (or make a new one?) in the Reputation board of this forum. This is where suspicious cases belong, and this is where they receive attention and get investigated. If you go with moving the thread, just scroll till the end of the first page and look near the left bottom corner, it should have a 'Move' button.
I don't think I even heard of Fairlay, but it seems to be a casino with normal reputation. At least, even though back in 2017 there was a scam accusation thread against them, their bitcointalk account does not have negative trust feedback. The profile has not been active for weeks, unfortunately, but I guess there's a chance they'll respond to a reputation thread if you make it. I hope the matter will be peacefully resolved, and you'll get your money in case you did not violate any of the casino's rules. You can also try to attract their attention by posting something in their ANN thread: https://bitcointalk.org/index.php?topic=673475.0
Good luck!

Definitively these. Move this thread to Reputation board, AND make a post in their official thread. That's what i meant in my previous post, good find kryptqnick Smiley
3020  Economy / Gambling / Re: 🛑 Looking urgently for an operator of our unique dice house game 🛑 on: August 08, 2019, 04:18:41 PM
The bankroll is currently investor funded with plans to grow it more.

Is the bankroll funding closed or still open? Any figures on yearly interest projected earns?
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