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321  Economy / Economics / Re: The Impact of Change in Prices on Bitcoin's utility as Currency on: November 16, 2019, 03:49:22 PM
The impact of changes in price on bitcoin to be used as a medium of exchange cannot be overemphasized because the volatility for me, is the bane of adoption which is why people who have made genuine contribution to the discussion will want to continue to restrict its use to a store of value where people acquire it with the sole aim of making profit hoping that its value would increase which makes it have a more intrinsic value than the actual and that is going to be stumbling block to massive adoption in the marketplace.

However, it is my hope that this limitation would not be there for long as the penetration is low at the moment, it continues to grow and the growth limits the volatility.
322  Economy / Service Discussion / Re: Cryptotalk forum payment issue and many more on: November 16, 2019, 02:43:33 PM
Ok I just sign up to Cryptotalk they have a rule for newbies that you have to finish 50 posts before you get credited for your succeeding posts, I was about to reach the 50 posts when they change the rules to 100 posts, now I have 60 more posts to reach so I can qualify,
I have a second thought continuing because of the so many issues confronting members on their payment, like.

There is no notification if your post was deleted
Some of the posts are move to off-topic which is a nonpaying section when it was created on the right section
So many complaints about payment delay as long as 5 to 8 days .

If you sign up and you see all these issues will you still continue?

Should this not be better discussed on the cryptotalk forum? Bringing this here for me is not the right way to go about it because the admin of the forum you complaining about might not even be here and they are the ones that can really do something about what you want and if they don't see it, there is nothing that can be done.
323  Economy / Service Discussion / Re: after 2+ years blockchain.com explorer finally supports bech32 addresses! on: November 16, 2019, 12:09:30 PM
Lateness to the party is allowed and its one of the features of blockchain.com and this is not different which is the reason why other wallet explorers have really gone ahead of them. I could remember in that same 2017 when there is split for the bitcoin cash, they contributed to the panic as people who have no understanding of the crypto market were in limbo while some eventually had to withdraw because they were not sure blockchain.com would credit them their bitcoin cash. Eventually, they did but after a lot of people had moved on, claim their bitcoin cash on other platforms in a seamless manner at that. The moment SegWit became operational, of the sites to enjoy it with the innovation that comes with it, I wrote off that platform as one to look out for.
324  Bitcoin / Legal / Re: ‘Satoshi Nakamoto’ Scamming Senior Citizens With Bitcoin Retirement Plan on: November 15, 2019, 05:37:11 PM
The blame for me is to the senior citizens who didn't invest in what they have a perfect understanding on and thereby lose their life savings and what they could have used as a source of income now they are out of job. Its actually further unfortunate that people in their quest to make money don't know that there are place that are not supposed to be touched no matter how greedy you have become and one of those is the Senior Citizens who have worked in all their younger years and its time to sit back and enjoy their labor only to be scammed by one youth guy in his prime wanting to impress the people in the society and not ready to work for it. We can only hope the perpetrators are brought to book to answer for their actions.
325  Other / Politics & Society / Re: Do politicians take us for granted? on: November 15, 2019, 04:47:52 PM
The story here in most African countries is weird. Its like the only time these politicians seem to care is when election is approaching. They visit us, give us empty promises and a whole lot. Funny enough, they are voted for massively. Then once they are in power, we are out of the picture. In my country for instance, apart from what I was taught back in school, I cant really pinpoint the essence of the Legislature. From my observation, this has become a cycle. Its like instead of them bringing up policies that will improve lives, they waste resources just like that and master how to make us vote for them when the time comes.
My worry is, are we naive or thats just how the game of politics is played?

That is one thing the politicians in Africa are good for and the reason why they can get away with it is because the people allowed them and its even rampant to the extent that a politician who have offered nothing to its people in its first term could have the effrontery to go for second term by winning its party ticket and even contesting for election but the people are just there rallying behind such individual giving him the right to ride them and cheat them for the next four years without any apology.
326  Other / Politics & Society / Re: Overpopulation of a developing country is one of its major problem on: November 15, 2019, 01:32:28 PM
The issue of overpopulation arises when the population is rising without commensurate increase in the resources of the particular country or when the the population has outgrown the resources of the country in which case, the resources have been fully utilitsed. With the exception of certain countries, I think overpopulation is not the problem rather is the failure not to harness the amount of resources nature have bestowed unto them. Most developing countries if developing at the right proportion as biology of their citizens, there won't any need for overpopulation but because of several factors such as poor leadership, excessive believe in the supernatural rather than calling their leaders to order have continued to be the reason for effort to be focused on unnecessary things as the cause of their failure.
327  Economy / Economics / Re: Binance to Open Beijing Office Amid China’s Renewed Blockchain Push on: November 14, 2019, 05:37:31 PM
If there is any business that is positioning itself for opportunities, I give it to Binance the moment they see a green light in a market they go in whether the green light will crystalize or not. They ensure they position themselves in the minds of enthusiasts while continuing to ensure client satisfaction to a large extent in other areas of their business and that is what most businesses in crypto lacks. The moment they are online, they just forget about the local market where services should be tailored to the needs of certain nationals others would even prefer to bar some certain nationals because they don't want to bother themselves about the technicalities of filings with the relevant government agencies.
328  Economy / Service Discussion / Re: Is Zelle safe ? Why are rates so high ? on: November 14, 2019, 04:38:15 PM
Hello, I'm new to bitcointalk but I have some rep on Paxful as a vendor. I accept Zelle as a payment making buyers giving me photos of them ho,ding their IDs and notes saying their making the purchase and its nonrefundable etc. I was wondering why Zelle is seen as an unsafe payment method, from my research people said zelle doesn't have a dispute system so that must surely make it safe right ? anyway what is it that makes it unsafe. or is it only unsafe when the zelle is not linked to a bank account. Is there a way to check the name of the zelle account owner and whether it's linked to a bank account ? Thanks in advance  for your responses !

EDIT : I would also like to know if Skrill is safe, how safe, and how I can make it more safe for me or completely irreversable. And what about applepay should I consider taking this method or is it a complete no on ApplePay.

When two or more people chose not to trust a service, its time to begin to evaluate the deal of that platform. While it might not be out-rightly right that people are avoiding that platform because of trust, it might be that because a lot of people have not heard about it and when you have not heard of used the service, it becomes difficult to issue an opinion albeit negative one.

For the other alternatives that you might be considering, what you need to ask yourself is why their platform is not saturated with people transacting with crypto and the simple reason to that is because they are not exclusively accepting crypto transactions as they can lock out an account even with funds locked so my suggestion is to stick to your Paxful that have made the available an escrow system and a dispute resolution to resolve when it arises.
329  Alternate cryptocurrencies / Altcoin Discussion / Re: Central Bank Cryptocurrencies Are Pointless, Says Ex-Federal Reserve Chairman on: November 14, 2019, 02:56:16 PM
I totally agree with Alan Greenspan that it would totally be futile although with my own reasons and this is something I have shared in earlier posts. Central Banks creating their own digital currency might do so without putting any limit to its availability, there is no decentralization to say this is how its going to be created which means at any point in time, they can just go and create. Again, the reason they are creating is not born out of their own intelligent way of thinking of resolving localised challenges rather they are a creation to be a competition which might really not be the need of the country. Aside for the cost saving that would be achieved from printing and reprinting with security, nothing will be different from the fiat we have all come to know.
330  Alternate cryptocurrencies / Altcoin Discussion / Re: Turkey working on their own digital by end of 2020 on: November 14, 2019, 12:23:06 PM
After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also  joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?

Of course more and more countries will be creating their own crypto currency till the entire market becomes polarized and at that point it might be a demon that will be difficult to manage because since its going to be fully digital and in the hands of government, I am not sure they would be willing to create a cap for it and also because the cost of creating more wouldn't be as much as we have it today which is one of the reasons why government does not just go ahead and produce paper currency, they might just be creating more to solve short term problem to create a long term one which is my fear. Also, the polarization and the independence we would see would make international exchange difficult and wouldn't be much different than we have it currently.
331  Economy / Service Discussion / Re: 55.com Exchange | Weird Thing | Why? | Does anyone vouch for this exchange? on: November 14, 2019, 08:51:21 AM
Ask them if 55com.io is theirs too. If not, I'm guessing that the malicious email also came from them and of course the phishing site as well. It's a perfect plan since you could scam ppl while saving your face. Users falling to phishing sites is out of their responsibility.

Like what's the probability of some third party sending that malicious email to you right after you registered? 🤔

In any case, I'd stay away from anything obscure.

Of course they will say yes. Some sites have this unique way of synchronizing several sites to the same landing page. While some did it as a result of concern for their clients such as I have seen Yobit having like 3 others have done it to scam users of their resources. So, what you should be concern with is if the site is legit to transact business and the moment you have confirm that, then there is nothing to worry about. After all, its a shit coin you are looking to offset.
332  Economy / Speculation / Re: Why is BTC now ~$8,780? Simple... on: November 13, 2019, 11:24:06 AM
Miners are the biggest whales, because they create bitcoin from electrical power. They need to distribute it, hence why the price tanks between the crash and the halving.
I don't think miners are biggest whales in Bitcoin because current scenario more than 85 percentage of Bitcoin is circulation so traders are the main reason for pump and dump. Normally most of the investors are concentrate trading platform so once they sell continuously it will drop gradually or else everyone concentrate buying the Bitcoin it will going to moon.

Based on the analysis of 85% in distribution, it just mean the happenings is dependent on activities of the market but really the problem is the people who follow the trend of activities and used that to make their own investment decisions. I have also seen panics happen to the detriment of everybody. Blaming the miners is just way over the line as an excuse for someone else to take the blame when in the real sense they are just some group of people following the trend of the market and wanting to make decent returns from it.
333  Economy / Economics / Re: US stock market's annual return is going to be 3~5% p.a. over the next 10 years on: November 12, 2019, 05:33:43 PM
Direct quote ""Economists at investing giant Vanguard predict over the next 10 years annual U.S. stock market returns will likely average 3% to 5%""

The problem is: Are economists trustworthy or they are just trying to shill you their US stock?

And,

Can crypto beat the annual return of general stock market?

What's your prediction on crypto-economy?

First and foremost, its just prediction which means it can either be true or false and no one will be jailed for it because its mere prediction as the market forces and output might eventually negates what is being predicted. However, I would literally believes the prediction because it concerns a market that several factors can be held constant and when that holds, the result is almost sure to remain the same.

Comparing crypto with stock market will be wrong and they are not likes however, they could be used as a means to evaluate return in other to establish the right point to invest resources.  On returns perspective, I strongly hold that crypto will do more than stock market.
334  Bitcoin / Bitcoin Discussion / Re: Best ways of bringing Bitcoin to non-crypto users on: November 12, 2019, 04:15:46 PM
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  Roll Eyes, you'll be asking where did all the airdrops & Bounties go?

Great for seeing the potentials that Facebook Libra is going to bring to the crypto hemisphere but the concern to most people really is the control. For me, I won't have any concern should it be maybe bitcoin or eth and other decentralised coin that the support is actually going towards and not about the indirect impact that Libra will have. Facebook and its products can conveniently boost of information about large percentage of the population that cuts across race, countries and continents adding crypto currency to add, would be too much power for one corporate organisation which if there is no proper oversight could be abused to the detriment of the larger society.
335  Bitcoin / Bitcoin Discussion / Re: Is it advisable to use cryptocurrency to support my favorite content creators? on: November 12, 2019, 03:04:23 PM
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?


What you should be doing is to review the Terms and Conditions of the platform you want to make the donation because even though the other party might be open to receiving such donations, if its against their policy be sure that your account will be nuked for it. However, if their policy is silent on the use of crypto, then you might scale through which does not mean the account will not be nuked because as part of their Terms is the right for them to change it overnight and they are not under any obligation to notify you of it.

The reason whey they do that is because they want to be sure that operators on their platform are operating within the confines of acceptable parameters not to put them in legal trouble.
336  Economy / Speculation / Re: Will the price of Bitcoin rise by the end of this year on current time? on: November 12, 2019, 11:13:46 AM
Anyone who claims to know would only be doing that based on estimation and expression of optimism and nothing else. Going by the judge of last week events it would clearly be predicted that price might break the $10k mark in a matter of hours considering the report of bitcoin trading above $11k in Argentina due to their own isolated economic challenges but alas, price just took a backward turn and $9k mark becomes another thing to hope for. The real answer is that no one knows only the activities of the market and other events that might happen that would decide what the price would be at the year end.
337  Bitcoin / Press / Re: [2019-11-05] Bitcoin Price Hits $11.6K on Argentinian Crypto Exchange on: November 11, 2019, 05:14:15 PM
Shifting politics, economic uncertainty, and stricter forex controls have led Argentine banks to eliminate trading desk jobs.

https://bitcoinist.com/bitcoin-price-breaks-12k-on-argentinian-crypto-exchange/


Its actually something that give me some delight but I am not really thrilled by it until the increase is circulated to the entire world and I begin to see some increase in the value of my asset without being a citizen of Argentina. What is currently happening in Argentina is going to be temporary as I see the country's economic managers standing up to the challenge of ensuring that the trend is curtailed not really about the effect it will have on the common man on the street but because it means them consolidating their power which they will lose the moment people start to lose trust the fiat economy that they have created.
338  Other / Politics & Society / Re: a society question about prison time on: November 10, 2019, 08:00:16 PM
having seen prison systems fail to punish people due to re-offer rates
having seen prison systems fail common sense by giving smaller crimes harsher times.. and harsher crimes smaller times

knowing the costs of incarcerations costing alot ($£30k a year per inmate in many cases)

what views do people have for a better system
would it be instead of putting people with drug/alcohol issues where no other person was harmed. put into rehab
would it be for financial crimes people made to repay financially.
EG made to do volunteer work for just $500 a month social security($£6k) and the other $£24k going back to victims

i think what im basically saying is if you know it can cost $£30k a yar for punishment. how many years would a particular crimes punishment deserve being spent on it. and what 'service' (cells,rehab,community,other) would you spend the funds on

so imagine you had your own island/continent and had the ability to write the laws and consequences. what would they be

What you have proposed is more of restitution than punishment for ones offence. I have read cases whereby someone charged was sent to rehab while others were sent to do community work as a form of restitution to the society but really some offences goes beyond restitution as there is need to ensure that some examples are set to deter such action. The £30k you have mentioned is high yes but its low compared to the cost of taking someone off the street. Imagine a drug lord whose network have sent several young people to their early graves as a result of drug abuse, several who are already in rehab facilities costing the society money to maintain, others on the verge of suicide. These young souls being destroyed could eventually be some of the brightest mind the society could produce but wasted because of someone quest to make profit. I think keeping that kind of individual off the street is safer than for him to be outside and get to run his business.
339  Other / Off-topic / Re: What will happen when we will die ? on: November 10, 2019, 06:38:11 PM
For me, bothering about what will happen after death is a waste of time for two reasons:

1. There is nothing you can do about it and

2. You probably won't know whatever is going on.

For the blunt guy about the decay and maggot feasting on the body, the moment you can feel it, you are not bothered their own prayers just got answered about seeing a new big meat. To the hopefuls of meeting and seeing our loved ones, I think we can only decide for ourselves when we get there. Live life to the fullest to the best of your ability and try to stay away from things that would keep you from having everlasting joy should we get to the other side and see there is life there.
340  Bitcoin / Bitcoin Discussion / Re: The CEO of Twitter held a Bitcoin Meetup! on: November 10, 2019, 05:14:23 PM
Its an open secret that Twitter CEO is a bitcoin enthusiast and having a meetup is not much of a biggie in my opinion. People have been having meetings, pep talks and even conferences about crypto in general across the globe for that matter and it didn't make news but since he is a celeb and a big fish everything he does becomes news. Anyways he banned crypto related adverts but that's a purely business decision which was needed because of the amount of damage people are doing so he is forgiven for that.
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