maybe that's what causes altcoin prices lately tends to decrease, if this incident continues to repeat whether people will leave bitcoin, because no one likes problematic and slow transactions, I hope this problem passes soon, so the price of bitcoin can go up again.
This has not been the cause of altcoins decreasing - there is no cause and effect here. My guess is that all that is happening is that an exchange decided to consolidate all their dust transactions. The problem will disappear shortly. |
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Do USD and USDT have more or less or the same thing in terms of the price difference? please suggest because I am planning to buy some USDT.
USDT is a pretend stable coin. It is supposed to be backed by actual dollars, but this is in doubt (no auditor has confirmed the existence of the reserves). Not sure why you would want to buy it to be honest. USDT just needs one successful investigation (and there are several ongoing) to tank the entire USDT market and send it to zero. Stay clear - either hold real cryptocurrencies (bitcoin, litecoin, ethereum, doge etc) or hold real dollars. Steer clear of the stable coins. |
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Seriously, who pays PornHub using PayPal, credit cards, etc.? These methods are not private and not secure. BTC should have enough privacy to be used as their payment method. No need for the so-called "privacy coins" just to purchase a porn subscription plan.
Well, BTC, ETH, LTC, etc. actually, just like gambling sites.
Loads of foolish people. The same fools who put all their private stuff on facebook and instagram. The thing is, using credit cards and paypal is EASY. Whereas using crypto is harder, unless the payment processors make it easier. |
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Lots of 1 satoshi transactions are not a problem - they simply won't get confirmed and in two weeks time the transaction returns back to the sender.
Mempool backlogs are only a problem if there are thousands and thousands of high fee transactions unconfirmed, which then forces people to increase the sending fees even further to get their stuff confirmed. Maybe this spam is designed to scare people into paying higher fees, but it isn't a problem right now.
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Not on it's own. But combine demand from Argentina with demand from another much richer jurisdiction - Hong Kong - and yes, you could get a critical mass of demand building that starts to move the bitcoin price up.
The Hong Kong protests started in March, and if you look at the bitcoin graph, the price starts to rise around March-April. The key thing about Hong Kong is that some people there have considerable wealth, and if they buy bitcoin, they don't immediately sell for dollars, instead they hold because it's a safe way to store savings.
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There are no need to cover up anything.  Just go back in the history and look what happened when GHash.IO had more than 51% of the hashing power. Did they use that to attack the network? No they did not... Why did they not do that? --> because in the long run they would have lost a lot more than what they would have gained by doing that. https://www.coindesk.com/ghash-io-never-launch-51-attackSatoshi designed this whole technology to keep people honest, because it is in their own interest to do that. Now, go away ZEITCOIN shill and follow the sheep to the slaughter.  This. In the early days when bitcoin and alts were worth nothing, some anarchists thought it was fun to attempt 51% attacks to kill an alt. But now bitcoin is worth over $8000, there is no incentive to kill it. Especially not if they have spent a lot of money on servers and mining rigs. |
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Recently Coinbase announced new payment options as BAT, XRP, REP, XLM, ZRX, before that BTC, ETH, BCH, LTC were listed for uses. Individuals can fill their cards with any of the 10 cryptocurrencies supported and can utilize it to spend as per their prerequisites. Coinbase additionally has an application for both Android and iOS, which can be downloaded by the users to check their card balance. Source: TheCoinRepublicIt will be interesting to see which coins actually get used. Back in the day, Bitwalla added a lot of coins you could use to load your pre-paid card. And most of them never got used at all. |
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Hello, right now i use bitstamp and binance. They both charge me 0.005 bitcoin fee when i transfer bitcoins from my account to another address. The problem is that i do that regulary with very small accounts and there is no way around it. And basicly paying fee as big as the money im transfering is well, not good. So what are the pages with lower fee ? Maybe 0.001 fee ? This page can either support paypal/credit card buying of bitcoins OR i can just transfer big money from bitstamp. So, what is the lowest fee page that will allow me to transferHello, right now i use bitstamp and binance. They both charge me 0.005 bitcoin fee when i transfer bitcoins from my account to another address. The problem is that i do that regulary with very small accounts and there is no way around it. And basicly paying fee as big as the money im transfering is well, not good. So what are the pages with lower fee ? Maybe 0.001 fee ? This page can either support paypal/credit card buying of bitcoins OR i can just transfer big money from bitstamp. So, what is the lowest fee page that will allow me to transfer bitcoins ? bitcoins ? Also i want them to allow me to transfer about 3€/3$, binance for instance wont allow to transfer such small amounts.
All the exchanges charge a lot for bitcoin transfers. If you are transferring from exchange to exchange, you might want to convert to something like ethereum or litecoin, make the transfer, and then convert it back. Both are liquid enough so you won't lose out on the spread as long as you exchange back into bitcoin immediately. As always crunch the numbers first to make sure you are saving money before you go ahead. |
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That usually means either a pump or dump is incoming for the bitcoin price. If you clog the mempool, people can't get their coins to the exchanges to sell, which makes a pump easier as it is only dealing with coins that are already on the exchanges. Once people do get their coins on the exchange you get the dump phase where all those coins are suddenly dumped on the exchanges causing the price to tank. |
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Bitcoin HODLers might find this interesting. A spokesperson for Pornhub told Motherboard: "Decisions like that of PayPal and other major companies do nothing but harm efforts to end discrimination and stigma towards sex workers. While we still have several payment methods for our models available, we will continue to add more sex worker friendly ones and explore cryptocurrency options in the near future." Which coin would fit pornhub's business model the best?
Is it interesting how in this world where feminism and raging against "the patriarchy" is often encouraged. None of that rage is ever directed at payment processors like paypal who engage in what might be described as sexist and oppressive practices against women? Female rage is typically directed at stereotypical "nice guys". Never at those who are doing the actual oppressing. Probably Monero or Zcash. Though if people were using paypal they weren't worried about privacy, so any crypto should do the trick. |
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I don't know what are you going to say about this guys regarding "controllable anonymity". Do you think it's a good thing for Chinese consumers? As China is pushing to invest big time on blockchain by 2023, along with removing the "cryptocurrency mining" ban and circulating a Bitcoin article to their citizens, I think it's a good sign.
I strongly believe that Bitcoin and other cryptocurrencies would be massively adopted much faster as China is back in the game as one of the biggest crypto players around the corner.
The Chinese govt is notorious for spying and collecting info on their people. So "controlled anonymity" means the people you are interacting with won't know who you are, but the state will. That's the control thing. Also - I am baffled by people claiming that China pushing a state-backed coin - from a state that is a dictatorship - will be helpful to bitcoin or the real cryptocurrencies out there. |
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This is not really a "bailout". It's overnight lending of collateralised loans. So the borrower gives the Fed it's treasuries as collateral, the Fed lends them cash overnight, at the overnight interest rate. The borrower repays the capital and interest the next day and the Fed gives back the collateral.
The only reason they're doing overnight lending is because the major banks have to hold extra cash in their reserves and can't lend it out like they used to.
I don't think 24-hour loans constitute a bailout in anyone's language. A bailout is when tax money is given in return for worthless shares, and there is no repayment.
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As an entrepreneur I always look for the challenges when I want to think about something new that would change the normal way that people are
doing things. This mindset has never changed and I am always looking for easier and more user-friendly ways of doing things. Back in the day I did
most of the boring work with complicated Dos batch files or scripts to get things done quicker. So how do we apply that mindset to Bitcoin?
The answer is simple >>> "Look for the problems in the other payment systems and solve that with Bitcoin"
~~ Is Bitcoin more convenient to use?
~~ Is Bitcoin cheaper to use and where will that solve problems?
~~ Is Bitcoin safer to use than traditional payment options? Where will it be safer to use?
~~ Is Bitcoin easy to use (How can we make it easier to use?)
~~ Is Bitcoin faster than other payment options? (Where can we apply it to solve problems with other slow payment options?)
~~ Are we using Bitcoin for the correct applications? (Trading or Currency) What should we focus on?
These are just some of the questions that we need to ask to get to a better solution for the problems with the other payment options. Can you
think of any problems and challenges that Bitcoin can solve now and how do we use Bitcoin to solve these problems now?
People have been asking those questions since bitcoin launched. But because bitcoin is super conservative, all the solutions have come from alts. For example litecoin, ethereum and doge all confirm faster than bitcoin. They have lower fees. Doge in particular has been known to cope with large volumes of transactions without problem. The issue is coalescing around one of these solutions and getting retailers to adopt them. What is holding everyone back is people hoping that bitcoin will solve it's scaling issues and being reluctant as a result to back an alt. But bitcoin may never solve it's scaling issues. |
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1. As far as I know cryptocurrencies aren't banned in China.
2. Regardless if it's banned, you can still use bitcoin/cryptocurrencies. Assuming you don't get caught using it. It'd be wise to use Tor.
3. The best that China can do as far as I know is just to add crypto-related sites to their firewall. Beyond that? I don't think there's anything they can do.
They have banned exchanges, they have banned the conversion of yuan into bitcoin or any other cryptocurrency and they have banned retailers from accepting cryptocurrency. The only reason it's not banned altogether is that they don't want to ban miners earning cryptocurrency through mining efforts. Because you can't really use crypto for anything in China, the only use is as a store of value and to get money out of the country. But the Chinese govt banned exchanges precisely because they operate capital controls and the exchanges were used to exchange yuan for bitcoin with a view to exchanging bitcoin for dollars in the future. |
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Just remember that while sites like bitinfocharts list the top 100 addresses with the most coins, these addresses mainly belong to the exchanges, not individuals.
By definition if loads of people deposit coins to an exchange, the exchange will sweep the coins into another address that is held offline in a cold wallet.
So if you see that more than 50% of coins are held by a small group of "people", they're really held by a small group of exchanges.
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The high volumes of Hong Kong is a normal consequence that is caused by the Chinese government itself, they know very well that they had until recently a lot of prohibitions regarding Bitcoin and Crypto, now that CHINA is in the "Love" phase with Blockchain and bitcoin, to open the way to their cryptocurrency or stablecoin they are preparing the ground for them to use it and adopt their cryptocurrency.
China is not in love with bitcoin. It's in love with the idea of creating it's own coin. It still has currency controls and a complete ban on exchanges. I think the high volumes of bitcoin buying in Hong Kong is down to people there wanting to get their money out in case they get invaded by China. |
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Disney is already successful even without any cryptocurrency involvement. To be honest they don't have to adopt cryptocurrency since they're already doing well in the industry. Since they hold a lot of popular movies that we grew up in our childhood. But once they will adopt crypto, it can help to boost and encourage more customers especially crypto enthusiasts.
I am not sure whether they are willing to accept crypto, it would depends on the owner, perhaps executives, or someone who will decide about their marketing strategies. It's more possible if the owner or someone in the higher position is a fan of crypto
This. It's the second-tier orgs that need to offer crypto to gain themselves a few headlines. A bit like Overstock offered crypto payments to help get them in the news as they struggle to take on Amazon. |
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Note also that if there's an issue, it's incredibly difficult to use a company in the Seychelles.
Worse than that, Poloniex's terms requires you to agree that you shall not sue them...
Seriously? People should move their coins asap. I wonder how many saps haven't read the terms and conditions and don't realise what they've signed up to? |
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Usually, crypto is fully adopted by a country when its currency loses value because there is no alternative but to adopt crypto, as is the case with Venezuela.
Yes. And it is a chicken and egg situation. After your currency has crashed by 50%, it's 50% more expensive to buy crypto. In a currency crash situation people won't even have enough to pay for food and rent let alone a bit of spare money to buy crypto. The best answer is to buy some crypto BEFORE the currency crash. Also, try not to elect idiots - you can prevent currency crashes in the first place by not electing the Maduro's of the world to power. |
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the cryptocurrency is not only extremely expensive in terms of its mining costs, but also inefficient in its long-run design. However, the efficiency of the Bitcoin system can be significantly improved by optimizing the rate of coin creation and minimizing transaction fees. Another potential improvement is to eliminate inefficient mining activities by changing the consensus protocol altogether. So there is the possibility of replacing PoW by a proof-of-stake (PoS) protocol which can strictly dominate
PoW and even support immediate and final settlement. There are many fundamental issues of a PoS protocol still need to be sorted out and remains much to be learned about the economic potential and the efficient, economic design of blockchain technology.
Rather than changing bitcoin, what will happen is a change in the source of electricity. At present a lot of bitcoin mining happens in China where they have surplus hydroelectric power (especially in winter in the mountains where they get a lot of rain). Mining also takes place in Quebec for the same reason (hydro-electric power), If some states adopt cheap solar power, mining will migrate there instead. Coal power is being phased out everywhere. |
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