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3741  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: May 03, 2020, 05:40:08 AM
I remembered that last year there were talks about Cricket being included in the 2028 Olympics and initially BCCI was not at all keen, but later on it seemed that BCCI had a change of heart and was open to sending a team for the Olympics. However I can’t find any more information about what happened after the initial discussions took place, hence we all will have to wait for quiet a while now before we get any official update from BCCI regarding the Olympics situation.

Source:

https://www.forbes.com/sites/tristanlavalette/2019/08/14/cricket-set-to-be-included-in-2028-los-angeles-olympics/#6fc5b6e319af

These are delaying tactics from the part of the BCCI and the ICC. They have zero interest in the inclusion of cricket in the Olympics. But they can't openly state this, because most of the fans want the sport to be included. So for the past 10-12 years, they are giving excuse after excuse. I remember in 2011 or 2012, some of the ICC officials saying that they will try to include cricket in 2020 Olympics. Now after a decade, they are saying that they will go for the 2028 edition. After one more decade, we'll see them claiming that they are trying to get cricket included for the 2040 Olympic games.
3742  Economy / Speculation / Re: Bitcoin dominance hits 71.2%, alts lagging behind on: April 18, 2020, 05:20:15 AM
These are the latest market shares:

Total market cap: $205,013,186,595

Bitcoin: $130,826,790,740 (63.814%)
Bitcoin forks: $8,189,828,172 (3.995%)
Stablecoins: $7,718,943,612 (3.664%)
Altcoins: $58,277,624,071 (28.527%)

This is the change compared to my last post:

Bitcoin: -1.685%
Bitcoin forks: -0.043%
Stablecoins: +0.571%
Altcoins: +1.157%


OK guys... here we go with the latest stats.

Total market cap: $185,772,114,091

Bitcoin: $121,679,061,464 (65.499%)
Bitcoin forks: $7,500,910,852 (4.038%)
Stablecoins: $5,746,411,476 (3.093%)
Altcoins: $50,845,730,299 (27.370%)

This is the change compared to my last post:

Bitcoin: +1.575%
Bitcoin forks: +0.189%
Stablecoins: +0.732%
Altcoins: -2.495%
3743  Economy / Scam Accusations / Re: Very innovative BTC/ETH scam ongoing live, right now. on: April 03, 2020, 04:49:12 AM
This was an example of the tweets, used to popularize the scam in social media (notice the tweet using a fake account of Jeff Tiedrich):

3744  Economy / Speculation / Re: Bitcoin dominance hits 65%, alts lagging behind on: March 27, 2020, 03:58:00 PM
OK guys... here we go with the latest stats.

Total market cap: $185,772,114,091

Bitcoin: $121,679,061,464 (65.499%)
Bitcoin forks: $7,500,910,852 (4.038%)
Stablecoins: $5,746,411,476 (3.093%)
Altcoins: $50,845,730,299 (27.370%)

This is the change compared to my last post:

Bitcoin: +1.575%
Bitcoin forks: +0.189%
Stablecoins: +0.732%
Altcoins: -2.495%


Prices are down by 15% across the market. Market share remains unchanged.

Total market cap: $231,021,985,291

Bitcoin: $147,679,095,924 (63.924%)
Bitcoin forks: $8,891,932,125 (3.849%)
Stablecoins: $5,455,532,122 (2.361%)
Altcoins: $68,995,425,120 (29.865%)

This is the change compared to my last post:

Bitcoin: +0.854%
Bitcoin forks: -0.505%
Stablecoins: +0.410%
Altcoins: -0.758%
3745  Economy / Scam Accusations / Re: Very innovative BTC/ETH scam ongoing live, right now. on: March 21, 2020, 05:22:13 PM
There are thousands of tweets and facebook posts promoting this scam right now, most of them posted during the last 30 minutes.
Can you please link one tweet here? It's very unlikely that we can do something though because none of the noobs will believe us. Still, it would better if you share a link of tweet. If it's getting noticed by any #hashtags, we may tweet using same hashtags to alert people.

I reported a large number of such tweets to Twitter. And it looks as if these accounts are suspended. One example here:

https://twitter.com/RomanPartatous
https://twitter.com/RomanPartatous/status/1241368373218250752

The reaction from a few users:
https://twitter.com/dirkjaeckel/status/1241395817623232512
https://twitter.com/0Nefti3/status/1241406982558560257
https://twitter.com/DrMrMilton/status/1241375906259554304

Edit: Now it looks as if the phishing site has been taken down. But sadly, before that the scammers were able to steal $11,000 worth of crypto.
3746  Economy / Scam Accusations / Very innovative BTC/ETH scam ongoing live, right now. on: March 21, 2020, 03:13:44 PM
First the scammers set up a fake website and claimed that it is the official site of Elon Musk:

https://spacexbtc.site/

Then they bombarded the social media with promotions related to this scam.

They have a separate site, where the scam actually takes place:

https://spacexbtc.site/btc/index.html
https://spacexbtc.site/eth/index.html

There are thousands of tweets and facebook posts promoting this scam right now, most of them posted during the last 30 minutes.

We need to mass report and warn innocent users about this.

Noobs have already lost at least $2,500 worth of crypto:

https://etherscan.io/address/0xf269ebedcc1f430c4e487bd6218c33e86616f99c
https://www.blockchain.com/btc/address/1NWdpsVPi9xWpv4dNWKyDrN1it2qbH9ZSg

Edit: Someone just lost $6,200 worth of BTC: https://www.blockchain.com/btc/tx/47ac529236fdcbba7430dd533e3a3dc995701f32df6c6f75a30551b30e02787d

Someone please help. A lot of people are losing hard earned coins.
3747  Economy / Speculation / Re: Bitcoin dominance hits 65%, alts lagging behind on: March 09, 2020, 02:57:31 AM
Prices are down by 15% across the market. Market share remains unchanged.

Total market cap: $231,021,985,291

Bitcoin: $147,679,095,924 (63.924%)
Bitcoin forks: $8,891,932,125 (3.849%)
Stablecoins: $5,455,532,122 (2.361%)
Altcoins: $68,995,425,120 (29.865%)

This is the change compared to my last post:

Bitcoin: +0.854%
Bitcoin forks: -0.505%
Stablecoins: +0.410%
Altcoins: -0.758%


Ever since this thread was created, the Bitcoin dominance has dropped by close to 10 points. And back then, a lot of us were predicting it to go further up.

Total market cap: $278,008,264,439

Bitcoin: $175,340,777,522 (63.070%)
Bitcoin forks: $12,104,644,858 (4.354%)
Stablecoins: $5,426,512,841 (1.952%)
Altcoins: $85,136,329,218 (30.624%)

This is the change compared to my last post:

Bitcoin: -1.421%
Bitcoin forks: -0.710%
Stablecoins: -0.059%
Altcoins: +2.190%
3748  Economy / Gambling discussion / Re: ODI cricket and general cricketing discussion [self - mod] on: February 29, 2020, 12:57:34 PM
1st ODI between SA vs OZ have being played at Paarl. SA winning the toss decided to bat first and lost their first wicket on the first ball itself. SA are now 82/3 in 17.4 overs. Verreynne is batting on 26 and SA now require a good partnership to ensure they could sustain full 50 overs and can score as close to 300 runs in order to put pressure on OZ.

It looks as if the partnership between Heinrich Klaasen and Kyle Verreynne pulled South Africa out of trouble. When Temba Bavuma got cleaned up by Pat Cummins, they were struggling at 48/3. This partnership has added valuable runs, and that too at a good pace. Ashton Agar is not playing today, which is very surprising after his good performance during the T20 series.
3749  Economy / Speculation / Re: Bitcoin dominance hits 65%, alts lagging behind on: February 25, 2020, 02:38:25 AM
Ever since this thread was created, the Bitcoin dominance has dropped by close to 10 points. And back then, a lot of us were predicting it to go further up.

Total market cap: $278,008,264,439

Bitcoin: $175,340,777,522 (63.070%)
Bitcoin forks: $12,104,644,858 (4.354%)
Stablecoins: $5,426,512,841 (1.952%)
Altcoins: $85,136,329,218 (30.624%)

This is the change compared to my last post:

Bitcoin: -1.421%
Bitcoin forks: -0.710%
Stablecoins: -0.059%
Altcoins: +2.190%


Cryptocurrency market is changing like crazy.. Bitcoin dominance has fallen by almost 2% during the past two days. Altcoins (especially ETH, XRP and LTC) have gained market share.

Total market cap: $270,565,158,535

Bitcoin: $174,492,458,839 (64.492%)
Bitcoin forks: $13,702,016,703 (5.064%)
Stablecoins: $5,440,261,471 (2.011%)
Altcoins: $76,930,421,522 (28.433%)

This is the change compared to my last post:

Bitcoin: -1.290%
Bitcoin forks: +0.056%
Stablecoins: -0.269%
Altcoins: +1.503%
3750  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: February 13, 2020, 06:09:36 AM
It was a very close match. I thought it will go to super over but great balling and fielding by the South African team. Initially I felt that England will win the match, when Jason Roy was batting but, great balling by Lungi 3 wickets just for 30.

Originally England needed 23 runs from 2 overs, but Morgan scored 16 runs from the first 5 balls bowled by Beuran Hendricks. Within one ball remaining in the penultimate over, England needed 7 runs from 7 balls. They had 5 wickets remaining, and Moeen Ali and Eoin Morgan were at the crease. Things changed when Morgan got out the next ball. So 7 was needed from the final over, and even at this point I expected England to win. But all credit to Lungi Ngidi. He bowled a spectacular final over.
3751  Economy / Exchanges / Re: Bitcoin withdrawal fee is damn high in exchanges! on: February 12, 2020, 03:22:42 AM
I have used almost two dozen different exchanges till now (2012-present), and I have seen withdrawal fee ranging from BTC0.0001 to BTC0.0015. Perhaps the highest withdrawal fee that I ever paid was with the Yobit exchange (I think that they have reduced the fees now). Nowadays I don't care much because I am not doing much trading. And I am mostly using peer-to-peer platforms to convert my cryptocurrency to fiat (or the other way around). The problem is that many of these exchanges had this withdrawal fee of 0.001 BTC or 0.0015 BTC in 2015 when the price of Bitcoin was just around $250. The prices have risen by almost 40 times from that level, but most of the exchanges haven't reduced their fees.
3752  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin Dominance Going Down? on: February 12, 2020, 03:04:38 AM
I beg to disagree that Bitcoin dominance is going down. There may be relative changes to its value but it still looks balanced especially that there also shifts on trading today with diverse and numerous coins circulating in the market. Bitcoin and Altcoins have an inverse correlation, other coins drops as Bitcoin increases because people sell their old coins to Bitcoin. Alongside, Bitcoin increases, people consolidate into alts and the price of Ethereum rises. Nonetheless, when dominance is regarded, Bitcoin still has the most interest of the traders.

Bitcoin dominance is the market share of Bitcoin in the cryptocurrency market. Simply, the formula for calculating it is:

Dominance = (Market share of Bitcoin) / (Market share of BTC + Market Share of altcoins)

It is a very simple formula and explains why the altcoin share goes down whenever the dominance of Bitcoin increases. But at the same time, it should be remembered that dominance has nothing to do with the exchange rates. From what I have seen, the exchange rates of altcoins go up, most of the times when that of Bitcoin increases.
3753  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin Dominance Going Down? on: February 11, 2020, 02:53:10 PM
Most of the reduction in Bitcoin dominance was not caused due to an increase in the altcoin share. Rather, it was the Bitcoin forks such as Bitcoin Cash and Bitcoin SV which did most of the damage. If you want to track the dominance, then you may check this thread:

https://bitcointalk.org/index.php?topic=5158368.0

IMO, what happened in 2017 is not going to repeat this time. Back then, the alts went up due to the hype surrounding the ICOs. As of now, the ICO market is in its deathbed, and Bitcoin has constantly maintained a market dominance of at least 60%.
3754  Bitcoin / Bitcoin Discussion / Re: Why not we donate some Bitcoin for corona virus? on: February 11, 2020, 02:22:52 PM
To make a donation campaign like this you have to be an established entity with a proven record. You just cannot randomly start your own, and expect the money to actually reach its intended destination.

If OP collects money, who is going to ensure it reaches China? And the entirety of it? Sure the Chinese government probably accepts donations, and such donations probably wouldn't even be used for the virus and there is no way you can even audit that. Some organizations send things instead (such as masks) but again they will go to the government and then they will decide who gets them and who don't, and what quantity.

LOL... do you really think that users like me would be willing to donate our coins, if some random user starts a donation page? I have never donated to any individual whom I can't personally verify. I have donated to government agencies and I have done the same for private organizations and individuals who are trusted across the globe.

In case China wants our help, then they should allow the government agencies to accept donations in Bitcoin and other cryptocurrencies (which is not possible as of now, since BTC can't be used for making payments within China). I would be more than willing to donate, in case China retracts some of its anti-Bitcoin laws and regulations.
3755  Bitcoin / Bitcoin Discussion / Re: What has bitcoin done for you? on: February 11, 2020, 02:10:04 PM
We all have a chance to become wealthy but that means we need to stop spending our bitcoin, instead we will save it and consider it as a long term investment. There are a lot of people who are already rich with bitcoin, so it's not impossible for us to make a fortune on it.

If you are an intelligent investor, then you should know when to book your profit (and losses). I am telling this despite regretting the fact that I sold almost 30 BTC during 2015-16, when the prices were around $250 per coin. First of all, you need to admit that there is absolutely no guarantee that the Bitcoin prices will continue to go up for ever. If that was the case, then all the 7.5 billion people living on this planet would have rushed to invest in BTC. Although the chances are really low, there is a chance that BTC may become completely worthless in the future. Under these circumstances, I would advise everyone to sell some of your coins now and to keep the remaining for the long term.
3756  Bitcoin / Bitcoin Discussion / Re: Are Crypto Transactions Traceable? on: February 11, 2020, 01:58:50 PM
Bitcoin is designed in such a way that no one will be able to trace back a particular wallet address to an individual. This is what makes Bitcoin different from fiat currency. But the moment when you link your BTC wallet address with fiat currency (such as a transaction in an exchange where you convert your BTC to cash), this anonymity is lost. So as long as you refrain from doing this, you will remain 100% anonymous. But the issue is that at some point of time, you need to book profit from your holdings.
3757  Bitcoin / Press / Re: [2020-01-16] Chainalysis traced $2.8 billion crime bitcoin sent to Binance Huobi on: February 11, 2020, 01:48:06 PM
$2.8 billion looks huge, but keep in mind on a Global scale involving hundreds of players it is just a few drops in the big-time financial bucket.

Yes... it is like a needle in the haystack. But the problem here is that most of the financial crime is being done by big banks and they have lobbyists in every powerful position in the government. So the government authorities may hesitate to touch them. Did you heard about the scandal involving the HSBC bank and the Mexican drug cartels? There was a lot of hue and cry initially, but everything was hushed up in little time. Bitcoiners are easy targets, since they don't have collective bargaining power.
3758  Bitcoin / Press / Re: [2020-02-08] Police Shuts Down Bitcoin Mine Over Coronavirus on: February 11, 2020, 01:30:57 PM
That remains to be seen, I think the virus situation is far from resolved, and that the farms shutdowns actually stems from the fact that electricity needs have increased in addition to the dry season, which means that the production of energy from hydropower plants is significantly reduced.

Most of the energy in China is generated from the thermal power-plants, and in case the hydroelectric plants are operating below capacity then that should be made up by the other sources. The government is claiming that the spread of the virus is slowing down significantly. The number of deaths are on the increase, but the number of new infections have been on the decline for the past few days. So I assume that there will be less restrictive actions from the government, especially in provinces other then Hubei.
3759  Bitcoin / Press / Re: [2020-01-28] Your Bitcoin Should Be Seized to Pay for Climate Reparations on: February 11, 2020, 01:20:30 PM
Democracy is a tyranny of the majority and hence should not be the goal of anyone concerned with liberty. I was in Miami at the time and had friends from Venezuela who used to come and visit.  They thought no one would vote themselves into slavery and destruction.  They were wrong.

Democracy is two wolves and a sheep voting on what’s for dinner as someone once said.

Well.. I am glad that at least some of the users are agreeing with what I said. Democracy is practical only when the majority of the population is educated and hard working (Japan is an example). But in countries where the vast majority are lazy and don't want to do any work, democracy doesn't work (especially in third world nations such as Venezuela). The people there want to live on government freebies and don't want to do any productive activity. If the country is very rich in natural resources (Saudi Arabia for example), this model may be sustainable. People will elect governments which promise them freebies and in the end the economy will be destroyed.
3760  Bitcoin / Press / Re: [2020-01-28] Your Bitcoin Should Be Seized to Pay for Climate Reparations on: February 10, 2020, 05:02:04 PM
Back to the topic though. An expropriation of the funds which were legally earned is impossible in the present-day Western world.

Seriously? After all the examples we had during the recent years? What is your opinion about the 47.5% haircut on savings bank deposits in Cyprus, which was implemented in 2013? I am not that knowledgeable about world geography. But I guess the Republic of Cyprus is located within the "Western World". Please correct me in case I am wrong.


Firstly, if you ask me, I don't think Cyprus can be called a typical Western country, as well as some other countries which currently belong to the EU, such as Romania, Bulgaria, Croatia and some others. People in those countries are striving to live the Western way, but the governments there are so corrupt that it can take another 20 years before the capitalist economic model starts working there.  Secondly, you are talking about the 2012–2013 Cypriot financial crisis, not a typical event by itself.

Yet, in my opinion, even there, in Cyprus, even during a crisis, the confiscation of holdings of everyone who works with Bitcoin, proposed by Eleanor Saitta, would never be approved by the government.

Well.. I am not going to argue. I agree that Cyprus can't be equated to nations such as Germany, France or even the United Kingdom. But still, Cyprus was part of the European Union and the haircut was done under the orders from the EU. And I agree with the second part as well. What happened in 2012-13 was not a typical event.

All that said, my point was that "expropriation of the funds which were legally earned is impossible in the present-day Western world" may not be 100% true. In extremely rare scenarios, it may happen. Cyprus may not be part of the Western World. But what about other countries which are facing debt managing crisis now, such as Italy and Spain? I know that the chances are extremely low. But they are > 0%.
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