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3781  Economy / Economics / Re: thoughts on companies becoming too powerful? on: August 03, 2019, 08:00:44 AM
Disney has become the media giant and has been on a spending spree for the last decade buying up different ips.

Facebook has been buying up all their competition and is the dominant social media company and nothing else can compete with it.

Companies become so big and they have enormous power over us, do you think companies like this should be broken up by the government or be allowed to reign supreme?

These companies are operating in a country, where the free market is practiced, as long as it is legal and they pay the right taxes, you are allowed to expand your business, it's actually good for countries to allow this to happen because it means employment and revenue through taxes, I don't see any disadvantages, you did not specify either what's the disadvantages.
Well that's undeniable, all these companies are obeying the law paying taxes and when doing wrong get fined also they paid it. That's the nature of free market but the disadvantages might be some people out there who are still small scale companies trying to compete with all these big boys will definitely have a hard time.
3782  Economy / Trading Discussion / Re: Free Exchanges Fees? is this Possible. on: August 03, 2019, 07:44:39 AM
can we possibly have an Exchange with little or No fees for trading and transfers of token. is it possible of having such platform especially for we that depends on Airdrops to earn crypto. seriously No time for bounties or trading. but it seems that we have been left out because the little we have can not be transfered to exchanges.
Quite a pity.

Running an exchange is not an easy tasks. There are multiple expenses involved, starting from purchasing the domain to hiring the support staff. If the revenues don't come from the trading fee and deposit/withdrawal fee, then they need to find some other source for the income. Advertising revenue may be one of the avenues, but I doubt whether it can be big enough to fund the exchange solely on its own.

If you don't want to pay any exchange fee, then use a decentralized exchange. But then, nothing in this world comes for free. If you want quality services, then be ready to pay for it.
Also to mention that an exchange really need to keep monitoring their security and improves. If it is a centralized exchange there's just no way it can hold without the fees, although there's some way that can give them money other than demanding fee or putting ads which is hosting an IEO and take some fees out of it but that's not a guaranteed income for the exchange. The only way that makes sense is an open source automated decentralized exchange.
3783  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Dex exchanges are safe? on: August 02, 2019, 07:29:32 AM
Never enter your private key even if the DEX demands it. It is the most common thing which people usually forget, giving away your private key meaning you have given away the authority to someone else to own all the funds inside the address. There's still a chance that the DEX will log your privkey and save it up to their database.
To note, only use popular DEX that already trusted by the community. However speaking of security DEX exchange hardly and rarely being hacked by anyone because of the decentralized nature, the only thing you need to be aware of is how you keep your own private key.
3784  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Exchange asking to Login thru Facebook on: August 02, 2019, 06:55:46 AM
I don't think that Libra by any means will be used as a pair in some of exchanges, they already have USDT so why bother adding more stablecoin like Libra to their exchange also to consider that there might be so many complications happening from the facebook's side and the regulator side. That just a bad business move, if it ain't broken don't fix it.
3785  Alternate cryptocurrencies / Altcoin Discussion / Re: I have lost 8 letters of my Ethereum private key on: August 01, 2019, 07:32:10 AM
Recovering 8 letters is just impossible in my opinion. some people could say there is way, well there is only if the privkey is still saved on your computer otherwise that's pretty much impossible. Except, you want to spend your resources and time to do brute-force for that 8 letters millions and maybe billions of possibilities. Not to mention that to brute force that many possibilites it'd definitely take so much times.
3786  Alternate cryptocurrencies / Altcoin Discussion / Re: How Litecon Halving will impact the price of Litecoin? on: August 01, 2019, 07:26:15 AM
increases or decreases that's up to the market to judge. There's plenty of coins out there that had halvening but still being dumped anyway. However this halving will create some kind of thoughts on so many people that Litecoin will become scarce due to the decreasing of block rewards.
But still, that doesn't necessarily guarantee the increase of price. If the coin has no demand then the halvening is as good as nothing.
3787  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Why is Binance Coin a good choice to HOLD? on: July 31, 2019, 07:18:00 AM
Binance Coin experienced an incredible bull run in the past few months, currently is trading below $30. Has the bull trend finished?
Read more in this short technical analysis:

https://coincodex.com/article/4155/binance-coin-price-analysis-bnb-back-beneath-30-as-crucial-2518-support-comes-back-into-play/

Till now BNB coin traded above 30$ but due to market situation the price of BNB is fluctuating, every 3 months the price of BNB is increasing because based on the roadmap the will burn the buyback coins in the market. As long as this Buyback is happening the price of BNB will surely increase in the market.
Despite of that, buy back doesn't guarantee the price increase. The fact that BNB usually function as a way to get enrolled into their IEO is what adds demand to the coin the most. So many people are buying BNB for that sole purpose and also to mention that it can acts for you to get discounted exchange fee aswell.
The coin itself basically has the foundation to support its price to be what it is now.
3788  Alternate cryptocurrencies / Altcoin Discussion / Re: Useless altcoins must remove from the whole crypto market on: July 31, 2019, 07:07:11 AM
It is just the people, everyone can make their most shadiest and shittiest altcoin there is but if no one is going to add some demand that coin will be the same as nonexistent.
The main purpose of open source project is available to everyone, even to scammers aswell which just unintentionally happen and what's left including which one is shit coin which one is good coin is up to the market to judge.
3789  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you think can affect the Binance coin on: July 31, 2019, 06:04:41 AM
No one could know. Blockchain.com has exists in crypto world since so long ago even before Binance becomes a thing. If they really trying to make an exchange to compete with Binance they'll surely have a loyal userbase for that. But, whether it could really give Binance a good competition or not no one really knows. Also to mention that some people usually will just stick to an exchange or two for convenience without really looking after other exchanges if there's no problem, that'd take sometimes I guess.
3790  Alternate cryptocurrencies / Altcoin Discussion / Re: Did Facebook Just Gave-Up On Libra Project? on: July 30, 2019, 11:06:46 PM
Not a shocking news, government are pushing them too much to not release it, the media always saying bad things about it. Even if it's released I think that will just become a huge failure anyway, better not release it at all.
Since Libra is basically stablecoin it will not affect the market that much. I mean there's already so many stablecoin there. People who always screaming about Libra are those who are just unreasonably got hyped anyway.
3791  Alternate cryptocurrencies / Altcoin Discussion / Re: Most new ICO/IEO projects are new crypto trading platforms on: July 30, 2019, 10:53:59 PM
It's not that the already existing exchanges can't satisfy users, it is just all these people who creates a new exchanges saw a big opportunity of making easy money by just creating an exchanges and starting IEO.
I'm pretty sure that most of the new exchanges offers their quirk but most of them just a gimmick. The already existing exchanges are already fine and don't need useless features but creating new one is not a problem anyway.
3792  Economy / Trading Discussion / Re: Centralized exchange will be soon dominated by Non-Custodial Exchanges on: July 28, 2019, 08:51:22 AM
Maybe that would be a solution, but people are really persistent when it comes to switching over exchange service to another ones that is a bit more "complicated" in their eyes because it is a new thing and thus low volume.
Plenty of projects there trying so many new models of exchange. Hybrid, decentralized and many more. But, they failed. and you know why? it is the volume and people's participation that is not enough. For many teams there that are trying to solve the centralized exchange problem, keep in mind that without the volume and liquidation the services will be just forgotten.
3793  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Exchanges are not recommended. on: July 28, 2019, 08:29:58 AM
Centralized exchanges shouldn't even operate without being regulated. and as long as they are centrally controlled, they can be easily abused. Real exchanges (real decentralized exchange) have little or non of this problem.
 Centralized exchanges are the source of many financial frauds in crypto world.
There are very few centralized exchanges don't ask for KYCs, but you can choose decentralized exchanges to avoid KYC requirements, if you don't want to do it. Crypto Bridge is one of good decentralized exchanges for you.
Most of the centralized exchanges don't ask KYC if you only have small money there, if it is a huge money maybe that you withdrawn a day maybe more than 0.5 BTC they would definitely ask you for KYC. Even in Binance they have withdrawal limit of 0.5 BTC if i'm not mistaken for non-KYC users and most of the users have no problem with that. However I still can't deny the fact that submitting your ID for KYC will grant you freedom by sacrificing your anonimity.
3794  Alternate cryptocurrencies / Altcoin Discussion / Re: Any altcoins that are Standalone? on: July 28, 2019, 08:04:21 AM
Unfortunately as I've seen most of the altcoins despite not under the blockchain of any other cryptocurrency still huge or little affected by either Bitcoin or ETH even USDT and many stablecoin got a little dump when the bearish happens since they are like the benchmark and pair of anycoin out there. If what you mean by standalone coins is to have their own blockchain then you can see on the CMC and check their blockchain explorer and you will find it out.
3795  Economy / Economics / Re: 🔵 Facebook Agrees to Pay $5 BILLION, BUT will they ever stop?? on: July 27, 2019, 11:08:39 PM
They will not and that is for certain. With Libra they are trying to gain the rule over some percent of world's money. They are trying to make so much money by creating digital money and not to mention that they already have the datas from the people all over the world to do that.
If Facebook could pay $5 Billion with ease despite the huge amount, that doesn't stop them from doing what they have done all over again to gain that much amount of money. I'm pretty sure that if they can pay such amount they can make it again eventually.
3796  Economy / Economics / Re: Zimbabwe government trying to push for new Zimbabwe Dollar - Surprised? on: July 27, 2019, 11:02:40 PM
New economical model doesn't work out if its not sustainable. You can do whatever you want, you can find the greatest solution to inflation ever but as long as its not sustainable it would not make any difference at all. For example, why does their money worth nothing? Its because they have too much debt and they do not have anything to sell outside world so anything they buy from other countries would mean higher debt for them, how do they end up paying that debt?

By printing more money for themselves and exchanging it to dollars as much as they can and pay it. That makes their money worth less and devalue and they keep doing that over and over again. You need to find a solution that would not require you to print money to begin with. If you can't do that than there is no temperament solution, only temporary bandaid.
and I will bet that their citizens will trying to exchange their money to foreign currency and stack them before the huge inflation hits.
It is basically like offering a paper that grant you access to gold and then they remove the gold but still expecting that paper to be worth or holds the value.
That will work as long as people didn't know that the gold has gone but they will eventually know anyway.
3797  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Are airdrops safe? on: July 27, 2019, 10:52:25 PM
Signing is safe. But, don't ever give any privkey or email when you are trying to join that airdrop. Even better if you use a brand new address since generating one is not that hard anyway.
Airdrop usually ends up selling your data somewhere else and you will get so many spam emails from that even some case there's phishing email so you need to really beware and only choose airdrop from some kind of reliable developers team.
3798  Alternate cryptocurrencies / Altcoin Discussion / Re: I would move for security if it’s really better on: July 26, 2019, 12:21:22 PM
There are more robust and secured option such as decentralized exchange and hardware wallet and people still didn't want to use them anyway. Wonder why? people want a more convenient way of dealing with their problem instead of finding the mroe secured although harder way. People just don't feel like trading on decentralized platform and because of that the liquidity is low then many people will become less interested because of that reason aswell.

Imagine being the people that complaints about the hacking that occurs so frequently these days while not realizing that they are the one that caused such a thing to happens. Even million of posts here have warned the danger of saving money in exchanges and people still save it there anyway.
3799  Alternate cryptocurrencies / Altcoin Discussion / Re: Do You Think Tron will overcome this FUDS on: July 26, 2019, 12:15:10 PM
It is a hype coin. The founder currently need to face many accusations that are against him and got stuck in China while rumours say that he has kidney stone but i'm not buying that. Their dapps are indeed many but most of them are just those third rate dapps that essentially and practically has no use other than for things that are generally considered bad (gambling and etc).

Even if Tron has many features that its competitor doesn't have as a smart contract platform if no one gonna use it then it's useless. Unlike Ethereum that still used until today as a smart contract platform simply because it is more mature Tron will just be an "option".
3800  Alternate cryptocurrencies / Altcoin Discussion / Re: Do we need deflationary token on: July 25, 2019, 10:44:49 AM
Some projects already have burn program to reduce total supply and cause scarcity. Defamatory tokens as I understand in recent times are been created by scammers to steal fund from traders. Most are scam. Blockburn, Anarchy etc.  
Even burn in program can't withstand the dumpings that usually happens to those altcoin thus making it failed to become a solution to create a deflationary coins. The value fluctuates and the scarcity will means nothing if there is no demand and liquidation. I've witnessed many of the coins that have burn in program and such a thing is a must for most altcoins back then when ICO is trending and see now, only a little could pump its value (still fluctuates a lot) and many of them turns out to be dust.

I think that deflationary token need to be backed up by real things that are deflationary aswell like gold.
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