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41  Bitcoin / Bitcoin Discussion / Re: France to launch their own cryptocurrency on: December 09, 2019, 05:24:51 PM
well, it seems like France will also launch their own cryptocurrency next year. it's funny that just year ago they despise cryptocurrency(article about it) and now they are launching their own cryptocurrency
and even teaching high school students about cryptocurrency(article about it) and preparing them for it. how things have changed in just a year Cheesy Cheesy


This news comes as a welcome development to the entire cryptocurrency and blockchain space. With France showing signs of adopting crypto, it marks the beginning of greater things to come as far as blockchain technology is concerned. Cryprocurrencies are here to stay no matter the initial setback caused by Governments of the world
42  Bitcoin / Bitcoin Discussion / Re: my story: why bitcoin has failed (and keeps failing to this day) on: December 08, 2019, 06:00:25 PM
I'm about to go to bed so I can't look at responses right away but dealing with this has caused my family to become separated, my hair to fall out and has caused me and I'm sure other traders enormous amounts of stress dealing with someone or something treating bitcoin like it's a game of attention.

I thought I'd share my story and my experience of what I've had to go through dealing with bitcoin since 2013.

I bought bitcoin at near 1000 dollars or something around 2013 and then went to college and it crashed to 300 dollars (wow totally normal for the old market).

I then sold my bitcoin and didn't get any profit and then it proceeded to constantly go up after that.  I moved on like a man though because I realized I had things to learn.  Later on though I got back into it early in 2017 nearly full time.  I began to -try- to learn how to deal with the market instead of acting like it was mortal kombat.  Treating the market like a game to fight people is literally a felony if the market isn't working and everyone knows it's wrong to go a certain direction.

Ever since the spike in 2017 to $20,000 things got out of hand though.  Since July 2017 (and I've contacted the SEC,CTFC, and attorneys over this) bitcoin has been getting pushed forcefully to go higher than it needs to faster than it needs to when the market isn't there.

The problem lies in that people don't believe that there is actually a person/trader/ or exchange that was actually capable of doing something like this for this long since it costs millions of dollars per day.  
The market got different in 2017 after it got to 3000 and ever since then felonies have been committed nearly every single day to try and force the price upwards whether or not the market is ready.  Now we/I/you and the community are seeing the aftermath of the psychopath who thinks it's their job to "punish" people for selling bitcoin and it hasn't stopped since then.

I made over 10,000 dollars doing it right when everyone was ok with the natural market when it went up AND down (without getting harassed) but now it just doesn't work.  This isn't bragging, this is just a fact.  I learned how to do it right and I did well.  (yeah I sold bitcoin sometimes instead of buying it)

EVER SINCE THEN though, it seems like THE ENTIRE internet is trying to FAKE their way into doing what I did.
This has really gotten out of hand and I expect people to do something about this.  I shouldn't have to be calling attorneys at my age (but I am).
Comprehending your story is quite difficult to be honest. Nonetheless, one thing remains clear as far as. the price movements of bitching is concerned. The price movement is controlled by market forces. And whales manipulation is part of the forces a day trader, or holder of bitcoin needs to contend with.
43  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Consider All Altcoins Bad on: December 08, 2019, 04:05:30 PM
The question is why do some people generalize all Altcoins as bad? considering there are over 3000 of them out there. One would not have the time to go through each project one by one. to analyze the project. team etc everything behind each crypto project.
There has to be some project out there under good intentions. Not all projects could be a scam. I admit I only have a top 4 i consider when it comes to best coins. But yet many should be decent at least honest projects out there. Afterall we do need more projects. more quality projects out there in order for crypto to succeed.

your thoughts
It is a case of different folk, to some all Altcoins are scam and not worth holding for any reason probably because one or two projects they knew about has exited scam or the price of an Alt they once believed in drop in price and yet to recover back to their buying point as a result they see all Altcoins as scam or shitcoins. I bumped into a statement on telegram where an individual argued that the only decentralized currency is bitcoin while others are shitcoins as he believes they are all centralized.
Link: https://t.me/keybasechat/3131
It is clearly a case of different strokes for different folks.
44  Bitcoin / Bitcoin Discussion / Re: This is absolutely not good for India Bitcoin community! on: December 07, 2019, 05:03:45 PM
The governor of India’s central bank, Shaktikanta Das, has restated that the Indian government is against private cryptocurrencies. This all comes ironically amid talks of India launching its own Central Bank Digital Currency (CBDC).

India has been discussing cryptocurrencies and the regulations surrounding them for over a year, and overall taking a hardline stance. While no official law has been passed, the latest comments do indicate the steps the country might take.


Click here for the full news

So they are following the footsteps of China, ei?

I just don't know what would be the reaction of the Bitcoin and cryptocurrency enthusiasts in India about this. I know this is not good for you guys like what is happening in China.

They would prefer blockchain over Bitcoin and other cryptocurrencies. But I highly believe that there will be a change of heart in the future about private cryptocurrencies.

For sure, India would be left behind if the government itself will not embrace private cryptocurrencies within the next decade. What would be your opinion or reaction about this guys. Kindly share it here. Cheers!
If this should be backed by any law then it will be a problem to the bitcoin community in India. Nonetheless, i believe both India and China will water down their stands on cryptocurrencies and allow its usage even if it be in a regulated way.
45  Alternate cryptocurrencies / Altcoin Discussion / Re: why every IEO on P2PB2B exchange? on: December 07, 2019, 02:35:46 AM
hello guys,

i'm wondering why so many IEOs on P2PB2B exchange even every IEOs sales happens,

And after IEOs why that coin/Token can't achieve it's IEO price?
There are factors behind the increasing number of IEO being held on p2pb2b. Notably:
1. The low cost of having the IEO launched on p2pb2b exchange when compared to other top notch exchange.
2. Fake volume that has kept them on top 50 exchange according to volume.
The most troubling part of it all, none of these projects that had their IEO on p2pb2b ever rise in value, not even close to their IEO price, why some projects dont even raise the required funds on p2pb2b, for example, Minedblock.
46  Bitcoin / Bitcoin Discussion / Re: Why Did Satoshi Nakamoto Choose 21M as Bitcoin’s Maximum Supply? on: December 06, 2019, 08:51:32 PM
Bitcoin’s maximum supply was set at 21M on day one by Satoshi Nakamoto. What was his reasoning for this benchmark?

Bitcoin is famous for being a deflationary currency. Its total circulating supply is capped at 21M and can never be altered. Although many have discussed the reasons for instituting a maximum cap, few know about why Satoshi chose 21M as the benchmark.


Source link here

We all know that every single coin or token has their own benchmark for a certain of reasons. But for me, lower supply means huge demand for that coin or token.

But the almighty Bitcoin? Satoshi has his own reasons too.

For a total supply of 21 million BTC, it gives them the advantage to be on a huge demand for individuals, companies, startups, banks (who embraces crypto and blockchain) and institutions.

If you have your own reason or opinion why Satoshi Nakamoto chooses 21 million as its benchmark, kindly share it here. Thanks!
If the decimals are put into consideration, the 21mil total supply is actually perfect for its mass adoption. Even if the entire world is to embrace bitcoin it will be enough to circulate amongst everyone. For me the supply of bitcoin is actually more than the 21million as it can be broken into fractions
47  Alternate cryptocurrencies / Altcoin Discussion / Re: Is the Deflationary model failed? on: December 06, 2019, 05:01:09 AM
This year some new things happened in crypto! The initial sale system changed to IEO, there was IAO, IGO and so many new model, but only IEO lives! However, my point is not that!

This year the Deflationary Ethereum based token based projects attracted me well. In every transaction, a certain amount of token will be burned automatically and the supply is very limited for every deflation project. The BOMB, Blockburn, Nuke, Bags, Blast, Fuze, and so many projects have come, but what happens next? It seems only BOMB and Blockburn project survives, others all likely dead or scam!
The idea was very unique, then why they are not making a success? What can be the reason guys?
In crypto, there is a hype tthat goes along with every new concept which tends to fade off after sometime. For such concept to continue its survival, continued development and upgrade in its working is needed. In the case of deflationary tokens, the hype is gone hence many dead deflationary token projects, only with good usecase, clear road map, and continued development will keep them surviving till next year. I see Bomb and blockburn going through 2020 as the teams of both project as maintained a very high level of professionality and focus on the development of their projects.
48  Bitcoin / Bitcoin Discussion / Re: 6 safety concerns? on: December 05, 2019, 08:41:47 PM
what would be your top 6 safety concerns you have in the crypto space?

whether it be like scammers? wallet protection? exchange protection ? integrity of content creators?

lets hear it . and why you think its a concern
My major concern amongst the three points you have raised, is exchange protection. Crypto exchanges are critical to the growth and future mass adoption of bitcoin and other cryptocurrencies. If the integrity of these exchanges are not intact, adoption and growth of cryptocurrencies will be hindered as people will find it difficult to exchange their crypto to fiat and vice versa.
49  Bitcoin / Bitcoin Discussion / Re: Why are the world’s governments not using cryptocurrencies? on: December 05, 2019, 11:31:02 AM
Governments of the world are interested in having full control over its monetary policies. With Bitcoin being decentralized, adopting it will certainly take control out of their hands hence, the reason it will be difficult for these Government to adopt full usage of bitcoin or other cryptocurencies within its territory
50  Alternate cryptocurrencies / Bounties (Altcoins) / Re: 🚀🔥🚀[BOUNTY] IMO ECOSYSTEM Bounty $100K Rewards In USD0 Tokens 🚀🔥��🤑 on: December 03, 2019, 09:28:21 PM
Week 3

Twitter campaign

Link to retweet
1. https://twitter.com/eco_imo/status/1199999451642753026?s=19
2. https://twitter.com/eco_imo/status/1200253242732498944?s=19
3. https://twitter.com/eco_imo/status/1200656704964198400?s=19
4. https://twitter.com/eco_imo/status/1201763647531311105?s=19
5. https://twitter.com/eco_imo/status/1201828521020153862?s=19




Link to tweet
1. https://twitter.com/Evbuomwansteph2/status/1200343343231881216?s=19
51  Bitcoin / Bitcoin Discussion / Re: What can do Governements against Satoshi ? on: December 02, 2019, 08:01:56 AM
If He Forget everything on purpose ?  Cheesy ( Like The genius for remember everything 10 years later everything he did making something he is alone able to see them ).

He know governements probably want to kill him or want him to work for them so he take the risk to be forgotten forever as a legend.

Imagine what he was able to do in 2008 already, when no one in world have the power to change the world, he was the one to believe he was able to start the revolution alone and change entire world by himself.

Nothing, he predicted everything perfectly, he will comeback one day i think he is already back but to crazy like 10 years ago no one believe him already.
What can the Government do? I think they cant do nothing to satoshi as no one knows him. Chasing satoshi is like chasing a ghost which will be an effort in futility. Instead of chasing an Icon like satashi, the Government should idolize him and honor his name for an extraordinary concept he birthed. Satoshi will forever live on
52  Bitcoin / Bitcoin Discussion / Re: What will be Gift of Santa Claus in this Christmas for Bitcoin Hodlers? on: December 02, 2019, 05:55:27 AM
Now, I think the last 1 year is not good for the BTC hodlers. So, I just ask Gift of Santa Claus this Christmas for Bitcoin Hodlers?
Although i am not expecting any bull as far as btc is concerned, one thing is certain about bitcoin, its unpreditability. It has proven to be an asset that disobeys prediction from experts, break the heart of its holders and also mends it when one least expected. BTC is quite a Fun to have.
53  Bitcoin / Bitcoin Discussion / Re: Maybe satoshi is dead on: November 30, 2019, 08:29:11 PM
maybe SATOSHI is dead and BTC is at mercy of GITHUB developers, owned by blockstream


what you guys think ?
Whether dead or alive, satoshis legacy will leave on. Satoshi left behind an innovation that will continue to be in the lips of everyone as Bitcoin is gradually gaining adoption by the day. Projects such as Ethereum, ripple, neo and to mention but a few exists today because of the satoshis innovation. His legacy will never die.
54  Bitcoin / Bitcoin Discussion / Re: This is big news for Germany Bitcoiners out there! on: November 30, 2019, 01:20:46 PM
The regulatory constraints that previously prohibited German banks from offering Bitcoin-related services to clients could soon become a thing of the past.

New reports are coming in that once the fourth EU Money Laundering Directive comes into effect, financial institutions in Germany will have the legal and regulatory approval to offer and hold cryptocurrencies including Bitcoin.


Source link here

What can I say? A change of heart indeed for German banks to finally embrace Bitcoin and cryptocurrencies in their country.

Last time, German banks are prohibited to offer services related to Bitcoin, because they think that it could really hurt their financial ecosystem or consider it as a threat. Now that they have finally understand the impact of Bitcoin and blockchain that would really help them in the long run.

I’m just so happy for them that they can do this legally in their country. I hope that other countries would follow suit, but I don’t expect China, India, Russia and other anti-Bitcoin countries out there might have a “change of heart” soon. I believe there come a time that they would finally change the way they view Bitcoin and other cryptocurrencies in their respective financial ecosystem and not considering them as threats.
This news is not only a win for frequencies enthusiast in Germany but a massive news for all users of crypto around the world. This news to me is a pointer to the fact that Global adoption of the use of crypto is near. Germany is set to take a lead role, which country will be next?
55  Bitcoin / Bitcoin Discussion / Re: This is big news for Germany Bitcoiners out there! on: November 30, 2019, 01:19:40 PM
The regulatory constraints that previously prohibited German banks from offering Bitcoin-related services to clients could soon become a thing of the past.

New reports are coming in that once the fourth EU Money Laundering Directive comes into effect, financial institutions in Germany will have the legal and regulatory approval to offer and hold cryptocurrencies including Bitcoin.


Source link here

What can I say? A change of heart indeed for German banks to finally embrace Bitcoin and cryptocurrencies in their country.

Last time, German banks are prohibited to offer services related to Bitcoin, because they think that it could really hurt their financial ecosystem or consider it as a threat. Now that they have finally understand the impact of Bitcoin and blockchain that would really help them in the long run.

I’m just so happy for them that they can do this legally in their country. I hope that other countries would follow suit, but I don’t expect China, India, Russia and other anti-Bitcoin countries out there might have a “change of heart” soon. I believe there come a time that they would finally change the way they view Bitcoin and other cryptocurrencies in their respective financial ecosystem and not considering them as threats.
This news is not only a win for frequencies enthusiast in Germany but a massive news for all users of crypto around the world. This news to me is a pointer to the fact that Global adoption of the use of crypto is near. Germany is set to take a lead role, which country will be next?
56  Bitcoin / Bitcoin Discussion / Re: How to safely store big amounts of BTC? on: November 30, 2019, 06:55:12 AM
Hello,

Suppose I would expand my BTC portfolio to 10 or 15 BTC.....how would you store such a big amount of coins?

Ofcourse I would use a hardware wallet, but if I store them all on 1 wallet and I lose the wallet, or the house gets on fire and it burns, then I have lost those coins forever? Or are there still ways to get to the coins somehow in that case?

Would you advise to store let's say 15 BTC on 3 different hardware wallets (5BTC each), or would you spread it out even more? Ofcourse I'm not gonna buy more than max. 3 hardware wallets but in that case maybe 15 different laptop wallets (Electrum, Jaxx, Exodus etc.) with 1BTC each on it is safer?

I'm looking for the safest way to store a big amount of BTC and to minimize the risks of losing a big amount.
No matter the amount of btc owned, it is of no use to store them in different hardware wallet. It is better to store them in a single hardware wallet and keep the privately or pass phrase in a safe place. It is advisible to duplicate the keys in numerous paper and safely keep the papers in safe locations. With this you can easily recover your assets even if your hardware wallet get destroyed or missing.
57  Bitcoin / Bitcoin Discussion / Re: You think terrorist groups around the world use Cryptos as a means of payment? on: November 29, 2019, 04:57:30 PM
Considering that there are still many terrorist groups or insurgents groups around the world right now fighting with weapons that probably cost a lot. Do you guys think that they use cryptocurrencies in order to fund their armies or do they stick with trading with cash or trading valuable resources that they have?
   
I would not be surprised if they do trade with cryptocurrency considering that cryptocurrencies are really hard to trace compared to the conventional means of trading such as cash or valuable resources. Unless their funders don’t really accept cryptocurrency and they stick with the older methods of payment.
   
By the way, just to make it clear. I am not in any way planning to make a terrorist group or insurgency, I am just asking out of curiosity as I can see that those terrorist groups or insurgencies in the news must get their funding from somewhere and I was wondering what means do they use to trade for their equipment.

What other physical or digital assets would be better off to fund terrorist organizations and their activities other than cryptocurrencies which is had to trace to its source. With the emergence of privacy coins, the use of such crypto in funding terrorist activities increased. Nonetheless, the good usage of crypto always outweighs the bad as fiats are also used to fund these activities.
58  Bitcoin / Bitcoin Discussion / Re: Mass adoption of crypto on: November 29, 2019, 12:11:39 PM

The issue with this world currency is your wallet will be connected to you.  We will talk of the good ole days when you could head over to MEW and get 400 wallet address when ever you wanted.  These wallets will be controlled and your identity will be attached.  This is why KYC is dangerous and setting a horrible president.  All other forms of transaction will be made illegal.  Once this is in place the new power structure will be able to see every transaction and analyse it.  Your taxes can in effect be done for you at this point and there will be no hiding.  It will be the perfect tax trap.  Children can be taxed on gifts.  This can and will get extreme.


And this is the most scary part of your analysis.  Cry.
Most Exchanges now requires KYC for some certain amount of transaction and one day, they will turn all our data to the government and crypto will become centralised. Even a decentralised exchange called IDEX implemented that which shows that this space is starting to require ID verification for most things that we do.

I just hope the purpose of crypto which is elimination of third party interaction is sustained at the end of the day no matter the amount of government blackmail. If Idex which is a decentralized exchange could begin to demand for kyc, i wonder where the concept of decentralization stands.
59  Bitcoin / Bitcoin Discussion / Re: I've come full circle, BTC is the only worthwhile cryptocurrency on: November 29, 2019, 07:58:10 AM
To the author of this post, i must salute you for your infection knowledge in the area of cryptocurrency and blocking technology.  Nonetheless i beg to disagree to the fact that bitch remains the only reliable cryptocurrency. Whenever i view cryptocurrencies, i do not only see them from the angle of being a store of value, but i rather look at cryptocurrencies from the point of other usecases such as granting individuals access to flawless financial services, education and lots more. Nexo for example has shown how strong alts can be with its services in the financial sector.
60  Bitcoin / Bitcoin Discussion / Re: How we can introduce bitcoin to local people on: November 28, 2019, 08:32:51 PM
One day, I think to myself about how to spreads bitcoin to other people. After I create threads https://bitcointalk.org/index.php?topic=5191717.0, I see many of us don't try or don't have time to come into a gathering or make a meetup. So how we can introduce bitcoin to local people in our country if we are not trying to tells them about bitcoin? I know that will related to the regulations in every countries but we can introduce to our close friend so they will spread it into their closest friends too.

And if this is succeed, I think cryptocurrency will grow step by step. I know we can spread bitcoin online, but that doesn't mean all people in your country are aware of bitcoin. How they can know bitcoin if they never use the internet to search the news while we can tell them about bitcoin and another coin by offline.
This is an interesting topic that requires careful analysis and suggestion on how to bring not just bitcoin but cryptocurrency in general to everyone around us. In some countries, anything connected to the internet is often termed fraudulent by most persons due to their past experiences or stories they must have heard. Nonetheless, with proper approach, we can introduce everyone around us to Bitcoin. One important thing we must be mindful of when introducing bitcoin to the public is emphasizing on possible roi over a period of time.
When introducing Bitching to those around us, we must be patient with them to enable them fully understand the concept. Remember the technology behind Bitcoin is somewhat complex.
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