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The markets are opening partially but we need to be careful when you are going out as the possibility of a spike is highly likely, the global economy is struggling and there is no denying that and you cannot shut the entire market for months and expect everything to be great and with that in mind we need to open everything but with certain restriction and everyone needs to follow proper guidelines and have protective masks while venturing out in the public.
It's true that necessity is the mother of invention. This pandemic has proven it be a truism and a very strategic quote. I am of the opinion that to prevent the spread of this pandemic, certain activities should be held via telecommunication devices such as Zoom, Sasaitalk, Google meet etc. we have seen the online meeting devices innovation rising due to the e-meeting trends. The way forward is to operate virtually and physically at this time.
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Debts are increasing so it will be difficult for most countries to overcome another wave of infection. If during the first wave, thousands of people already lost their jobs, families can hardly feed themselves, lives at risk, then it will be worse during the second wave. So let's hope that things won't get worse since poor countries might not be able to handle such situations.
Bad debt will characterized the money market and the capital market this period. Bad debts from businesses, individuals and from government, this will cause an untold downturn to the global economy. Leaders of developing countries have come up with a debt management strategy for their countries. They are demanding the IMF and UN for a grace period not to pay interest rate for certain years. Who will bear the brunt of this strategy? Its obviously the investors.[moderator's note: consecutive posts merged] |
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In my own opinion, if COVID-19 will start to spread and make a vast number of cases again, I assume that there will be a massive riot in every country because a lot of people will die in starved due to losing their jobs and businesses getting bankrupt. That is why scientists, doctors, nurses, etc. are doing everything for them to provide a vaccine for COVID-19 to prevent this kind of situation from happening.
I got your point here. If there is a reawakening of the pandemic or a rising of the pandemic curve after almost completely flattened, what i think will happen is more job loss and more companies becoming bankrupt. The government can not help but to make money cheap for the people, this will lead to inflation. the overall effect will be the negative chain reaction of the monetary policies the government will put in place, it could lead to hyper-inflation. |
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He could prohibit, but he cant prevent people from making transactions.
Additionally, I doubt governments can win a battle against technology advances. It is better to work with new techs, which will.increase governments revenue and create new jobs.
. The banning of bitcoin by Trump in the united states is possible but it cant extend beyond that geographic region. But, the banning of bitcoin in US may happened because of its decentralized system, if it is to be regulated who really owns bitcoin and who will comply? where is the Satoshi Nakamoto, who is reputed to be the inventor of bitcoin? I believe this one of the questions that the government had not found an answer to yet. |
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It has been about three months that the global economy was hard hit with disruption that had not been experience in a long time.
Even the 1929 economic depression does not have negative impacts as the covid-19 economic impact.
Some of the effects of the Covid-19 affected both individuals and businesses. To individuals here are the effects;
1.Loss of livelihood as a result of loss of jobs.
2.Loss of lives. Those that died as a result of the Covid-19 infection.
3.Social Distance. There is a ban on freedom of movement.
4.Threat of everyone to everyone.
To businesses, some went bankrupt even some governments had to run to the UN and IMF for aids.
Most economies are re-opening and businesses are now operating partially.
The question is this; what will happened to the global economy if there is a spike in the spread of covid19 again ?
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Can you define forking a bit more? I'm not sure if this refers to repository forking or something else.
I will define forking in the most simplest way. The taking copying of a network or software to form a similar network or software by a set of person is called forking. This had happened to many cryptocurrencies platforms such as Bitcoin-we have bitcoin cash as a forked bitcoin. How do we categorize the set of persons that involve in this activity?
1. Unless they tell you personally or you've caught them, no one shall know on which side they are.
2. AFAIK, the security of blockchain network is tight and that is the reason why most of us are boasting this technology.
3. Forking of what? software fork? hardware fork just like what we have in cryptos?
4. Invest in cybersecurity. It's one of the most expensive asset of a company.
that is quite an impressive response. Here is where i want to know what your opinion is; DEC are some of the exchange that run on the blockchain software system, there are cases where they have had a hackin attack. Are they not part of the blockchain network? why are their security not tight like we have in bitcoin?
The number of hackers in crypto has increased a lot If we don't give them our personal information they will never be able to hack our ID The first thing to know about hackers is to make sure that a website is safe before working on it. Try to stay away from the site that will ask for personal information Sites that want personal information hack more.
i believe the basic of security of a website is a secured SSL certificate. I have discovered that some websites are not secured as such the padlock remain open and useful assets in the websites can be stolen by hackers. [moderator's note: consecutive posts merged] |
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With regard to solo mine or joining a mining pool depends on how much money we have in establishing our mining farm. If we wanted to solo mine then we better allocate millions of dollar in order to compete with the mining pool, if we don't have that budget then it is better to join a mining pool, why aim to solo the block reward if the possibility of finding a block in our current hashing power is less than 1% and this possibility will continue to decrease as the difficulty increases. I think it is logical to join a mining pool or better to create a mining pool if we wanted to earn extra. There is power in numbers we should always remember that.
There is power in number. The story behind numbers give such power to it. In a pool mining, I think they bring different skill set, resources together to make it a formidable and an aggregate resource that will increase their chance of success. That's the beauty of numbers. |
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Many are enemies of progress in the game of software and programming. In the same game many fight the evil doers not to destroy or steal some useful assets in a software system.
That's what the concept of hacking means. A skilled computer programmer, who uses his skill to gain an unauthorized access to a network or software in order to steal some useful data is called a black hat hacker.
We have others who have the authorization of the owner of the software, he access the network or software to protect it against the black hat hackers.
They are the good guys in hacking.
In between is what's called gray hackers, they hack a system , program or network in order to sell the data they obtained.
I want this thread to follow this pattern of discussion.
1. How do we know if a hackers is black, grey or white hat?
2. Can blockchain be hacked, which is quite different from normal software?
3. Where do forking belong in the above hacking categorisation?
4. Let's assume I've digital platforms such as an application and a website, how do I personally protect it against hacking?
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.There have been instances wherein I have sold my Bitcoin just before the price went up and I regretted my decision. It is better to keep a cool mind and always think about long term gain when you are investing in Bitcoin.
Well, everyone is saying patience is the key but what if patience worked against your expectations? I mean what if after waiting for a long time, instead of a rise in the price there is a decline in price. What will you do ? |
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~~~
... trading is adrenaline for sure.
If I understand that line of expression, do mean to say that trading is a hormonal activity because adrenaline is a hormone responsible for ecstasy. So, that means with trading success one can trade more because it hormonally cause someone to trade. Is that correct?
Update: We have known the difference between a crypto investor and trader satisfactorily, but there is one actor called arbitragers. Who are arbitragers in the crypto trading? [moderator's note: consecutive posts merged] |
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Wouldn't you be running the same kind of risk by using a CEX? We've seen CEX hackings happen far more often than DEX hackings, even.
This statement doesn't look factual. I mean what are the numbers or statistics that support that CEX hacking is more than DEX hacking because in this case we can't conclude like that... |
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I actually started a thread about what's an idea Dex before getting this link.
Thank you for the elaborate explanation, I've added to my knowledge on DEX.
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While we are talking about DEXs, I have a question here:
What IF:
- A DEX literally gets hacked somehow with all our privkeys too getting leaked to hackers and they move all the funds (that's what the least they can do)
Theoretically speaking. DEX shouldn't be hackable as per the general of it but in previous years DEX really got hack just like what happened to Ether delta that the hacker retrieve the data of customers by accessing the site DNS records and some trick on the domain. I believe that the ideal DEX will not gonna exist in reality. All DEX should be forced to be regulated or else will be force closed because we have SEC. Source for DEX hacking: https://news.bitcoin.com/one-week-etherdelta-hack-funds-still-stolen/Does your answer suggests that there can't be a perfect decentralized crypto system? Are you also saying that in the coming days, the government will regulate bitcoin and close it down if there is refusal? |
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You've great portfolio and that talks about your level of experience in project marketing and signature campaign.
I want to learn from you and possibly work with you in the coming future
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Most of the "DEXs" were only riding the "DEX" hype, even though obviously they aren't decentralized to start with. At best, non-custodial, but definitely not decentralized. Even CZ himself admits it:  https://twitter.com/cz_binance/status/1098917213321408512Sure "don't call it a DEX" even if you literally named it Binance "DEX". That's for exchanges that are quasi decentralized that claims to be fully centralised |
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I understand that choosing a particular subject in cryptocurrency that suits your interest is a must, but, What are the proper practice in order to understand the subject in a chronological order?
My order; • Bitcoins whitepaper hints at it being a peer to peer transaction tool, so understanding about how bitcoins are made and transferred would be at the top of my table of contents. Knowledge Is power while its application is powerful because of the result it'll generate. I was advised to start from the bible of bitcoin ie bitcoin white paper. So I got to understand the fundamental principle behind bitcoin. Then I move over to Wikipedia to study crypto and blockchian then I went on to terminologies of crypto. I've grown in knowledge since then..
Every time I want to know something, the first thing I usually do is to focus on the main concept first before going to the more advance topics. For example, let's assume I am going to study Fluid Mechanics. The first thing I will do is to know the meaning of it, its significance and applications, also a little bit of history then after I finished it that's the time that I will go on memorizing the fundamental formulas. And then after that, I apply all of it on next topics like Buoyancy, Pressure Vessel etc. That's my technique, I stick on mastering the basics because they are all applicable even how complicated the next topic is. Like on trading, I always mind the "Buy low, Sell high" rule. With this basic knowledge I have, I am no longer afraid and will not struggle to learn sophisticated ones such as alt daytrading or even stock market. Just don't forget the basics because that's your tool on creating path to understand advance topics. I hope you get my point 
Anyway, why don't you try Crypto Detail. You will like it for sure. One significant thing about knowing fundamental is that you create a solid foundation on which you can build on easily. I love your approach [moderator's note: consecutive posts merged] |
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What's our parameters of a decentralized exchange (DEX) The general idea of decentralization is simply no central control and as such the market forces regulate the activities of such system. Now, a DEX is an exchange that has no central control and as such can't be censored. But, here are what will form the basis of this discussion. Here are some of the things DEX means. * no central control. * can't be censored or banned completely. * use a blockchin technology. * no use of KYC or AML. * its anonymous. 1. What are some other factors that make DEX an ideal one. 2. Hodl hodl and Bisq have been reputed to be DEX, are they really dex exchanges? Keep your comments coming as we learn together. |
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Update: How short is the short term and how long is the long term for trader and investor respectively?
But what I personally see to be the major difference between the crypto investor and trader is the length of coin holding of the two. While investor is in for the long term, the trader is in for the short term.
Anyways, let me allow you to comment. What's the major difference between these two actors in the crypto industry?
I have made a simple difference table that is distinguished from 4 main points, maybe someone wants to add it welcome  I believe most of the areas of differences interwoven . both investors and traders buy and sell to get good ROI. [moderator's note: consecutive posts merged] |
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~~~
Now to the idea I still believe might become a success. A huge business in any important area of our life is insurance, but the insurance business isn't really a thing with cryptos. I think that with more people joining the market, there'll be more of those who want some guarantees cryptos cannot offer. So there could be an insurance company offering to insure one's coins. The insurance company doesn't have access to coins, and the insurance buyer pays a fixed monthly amount of money because in an event of this person's cryptos getting stolen, the insurance company will give a 100% compensation of coins. There are many things that would have to be thought through, but I think that crypto insurances could get very popular.
Yes, that's it. Having a crypinsurance would be an innovative business in this industry. In fact, this is a nich that'll be created by an entrepreneur that'll be the forerunner of this idea. Why don't you consider executing it? |
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In most cases, yes. Lenght of holding in the major difference between investors and traders.
But then I guess an investor could be considered a trader as well, based solely on their actions: they buy and they sell, right? They could buy for their retirement portfolio or .. they could buy now and tomorrow, if BTC dips to $5k, they might sell out of fear. Why do you think there's not much of a difference them? I'd take it another way to differentiate the two: traders follow charts, investors follow potential. Investors sure do care whether the price grows or not, but they mostly rely on how much potential of growth some asset/stock has, studying it. Traders mostly do chart analysis and care about the exact time a pump happens so they could cash in. There's long term trading as well, so if we rely only on length of investment/trading.. we'd mistake one for another. Wow, this is a uniques insight. Trader observe and leverage on time dynamics while investors observe and leverage on growth dynamics of the crypto. That's fine approach. And also a trader can easily switch to become an investor by simply doing what an investor does. |
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