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41  Other / Meta / Wanting Merit in your quality post is treated as a CRIME ?? on: February 11, 2018, 04:56:35 AM
Peoples are busy with their work, they login Bitcoin talk for a certain period. It's normal to forget to give merit. Some of them are generous and hard working , they find useful content through browsing. I know it's hard to monitor. Now my question is , if I give so much effort and try to write useful article  to improve the quality of our forum, then wanting merit with in the post.

After a long post I used to write -

 " if you like this , just commend me a MERIT point , it will boost my passion to research more."  


I am also giving an example of my post >>
https://bitcointalk.org/index.php?topic=2906256.msg29885924#msg29885924



NB:
1. I am new on this society, I saw peoples are getting merits by spamming. I saw a post , he got 30 Merits for one post (3 Line) .
2. I will not buy any merit from any one.
3. I have not messaged some one to give merit.



Will it be treated as a CRIME ? I am again saying that is not begging.

Why ?

I was posting a lot from the first, but after the merit point system added , it seems a very hard journey to get level up. That's why I have decided to write post more constructively. Give more time to write one. Now please answer my question . I am expecting answer from the senior members. If it is a CRIME I will not do that ( I have done it may be in 5 quality posts ) . If you say stop I will stop demanding on quality post also.

In Theymos post , there i  saw-

Quote
Collect TEN posts written in the last couple of months by other people that have not received nearly enough merit for how good they are, and post quotes for them all in a new Meta thread. The point of this is to demonstrate your ability to give out merit usefully.
  • 1. It's also a good Idea . If no one is recommending or collect our post what we will do ?
  • 2. Am i capable and ranked enough to get this service , and be a merit source ? I want to help people.

Hopefully you guys who understand what I want to deliver. Thank you.
42  Bitcoin / Legal / If Bitcoin is not FIAT Currency !! It is Better Than That !! on: February 10, 2018, 08:59:15 PM
I know you guys will say Bitcoin is a FIAT currency , I am also supporting it. But i saw many people arguing that Bitcoin is not Fiat currency and it will be never be matched with that. That's why i started to write this.

I got some reason to say if Bitcoin is not a Fiat currency it is better than that -

1. Bitcoin did not depend on obligation or advances. Now a days i heard there are few Banks through you can loan Bitcoin. But in most of the cases it certainly don't depend upon debt or loan.
2. You can claim your cash anytime anywhere without any control. In a word you own your money.
3. Anyone  can see precisely see where his /her cash is in the blockchain, dissimilar to my bank who as of late lost about an entire Bitcoin when I exchanged cash from one financial balance to the next in a similar bank. The Blockchain has never been hacked, in spite of a colossal abundance being set for any individual who could have it, dissimilar to Banks who are hacked frequently
4. Bitcoin is controlled by every one of us not a elite group of high society. Yes i agree this market could be control by volatile news. But this is the natural characteristics of a trading market.
5. Opening Bitcoin wallet is very easy , You can have numerous Bitcoin wallets with various highlights, having loads of ledgers is simply monotonous.


If i start writing full features that makes Bitcoin better than FIAT , it will take 3K words lol .For the present, the actual valuation of crypto currency - keep on being given in fiat currency reciprocals and that will furnish governments and central banks with some level of solace. A  contrasting option to fiat monetary standards is inescapable and if governments and central banks don't get on the crypto currency temporary bandwagon , a fall of governments may well take after, as the world searches for a decentralized money related framework that will at last be what the web moved toward becoming for publicizing and media organizations, just on an uncommon scale.


If you think this article was helpful . If you got some advise , i am ready to accept. Really passionate to write good articles.
43  Alternate cryptocurrencies / Mining (Altcoins) / What is the Minimum Gas amount should I use to transfer to MEW on: February 09, 2018, 07:17:24 PM
I wanna send $10 from one account to another account in MEW , my ether wallet , what is the amount of gas should I use to lower my transaction fee. Also tell me the required time to complete the transaction. Give me answer as of 09.02.18
44  Other / Meta / Bitcoin talk account in different IP ? Problem ? on: February 09, 2018, 08:59:54 AM
I am using my bitcoin talk account in different IP , like in my home office and cellular data , most of them are dynamic IP but in my home it is static. Will it affect my bitcoin talk account ? I am giving much time here , I don't want to have permaban. Please help.
45  Bitcoin / Bitcoin Discussion / Re: End of Banking (Fade Up) !! I am moving to BITCOIN !! on: February 09, 2018, 08:52:15 AM
No end for bank and here in our country we have btc wallet in bank so i say they help each other company,I think also good to use different kinds where you save your money for more safe and more good,Here in crypto are good for investing with volatile price so i think it's not recommended as a bank even we can save our digital currency with our own key.

But I think in our country Bank will not compromise , we will suffer forever. Some government people are still want to ban Bitcoin. It's hard truth.
46  Alternate cryptocurrencies / Altcoin Discussion / Re: Are you afraid of hackers? on: February 09, 2018, 08:00:18 AM
Ahh I am not afraid of hackers,  they can't target individual if we don't make any mistakes. If we are more careful they can't do anything. But if they have the wallets directory we can't control it. Like that nice hash crash few months ago. We can't control it.
47  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you like airdrops? on: February 09, 2018, 05:48:12 AM
I would say I liked the concept but have not received free coins yet. I have applied once but may be it was scam, let's see what happen.
48  Bitcoin / Bitcoin Discussion / Re: End of Banking (Fade Up) !! I am moving to BITCOIN !! on: February 08, 2018, 09:47:54 PM
Hahahahaha Definitely the right decision Bitcoin is sitting in the stock market in order to overtake the banking system at the moment it shows a little further up, and if it falls on it, there is a bad interest now so I'm starting to invest.


Yes thank you,  you should start hedging .
49  Bitcoin / Bitcoin Discussion / End of Banking (Fade Up) !! I am moving to BITCOIN !! on: February 08, 2018, 08:25:02 PM
I just felt few things about banking and Bitcoin today . I wanna share here.

I just have passed 5 hour to create a bank account to XX Bank (I don't want to reveal the name). Suddenly today my friend needed $5K through a specific Bank. I did not have account of that bank . Do you know , i have invested my valuable time to verify my First name Last name , Nominee etc. Again today i felt wish i could send that amount through Bitcoin . I felt if there were no authority , it would be more easier. Decentralized technology is setting more influence in the hands of people and Bitcoin is a genuine move up to our cash. Why i am saying that ? please check the reasons , (I may be wrong , but i swear i am disappointed on conventional banking)

Sky High Fee for sending money :


In Banking the most alarming factor to send money to another country is their high transaction fee. Later i realized  they really needed it , because they have to operate a huge HR to operate one single transaction. Recently the transaction fee between Bitcoin wallets is lowered. Bitcoin is the least expensive approach to send worldwide installments. As somebody who works on the web, I've attempted a wide range of installment choices and Bitcoin is the least expensive. When I send bitcoins, I pay the need mining charge that is so minimal and it depends on the number of transaction , not my amount .

Some Examples (Collected)
Worldwide bank wire: between $22-$50 (1-3 days)
Paypal: 2.9% or more $0.30, 2.5% remote trade expenses (considers 3-5 days to store)
Settlements: Between 9-13% (typically takes 5 minutes)
Visas: 3-5% for dealers, for buyers (expecting you pay on time) yearly expense $0-$200, 2.5% outside cash transformation, numerous expansion charges and premium charges for late installment.
Other e-wallets: There are a wide range of e-wallets yet exchanges can go from 2-4% on remote trade charges, a % or settled expense for sending and getting installments and 1-5% for stores/withdrawals into your bank.

So do i need to explain more ? its crystal clear.  

So long and Critical PERMISSION:

Opening a ledger or applying for a Mastercard requires rounding out long structures and marking gets that never work to support you. Bitcoin is allowed to utilize and available to anybody without constraints. May be you have to sign the same signature over 10 pages or 50 pages. But in Bitcoin i don't need these things. Just the private key.

Sending Limits :

I most of the banks , there is a sending limit. If you want to send bigger then you have to pay bigger to make more richer account . That's a pure business. Banks need to confine buys and withdrawals with day by day spending limits. Bitcoin doesn't have any spending limits which implies you can send as much cash as you require.

Conclusion:
I am just fade up of the system . I came back to home , and rethink. I did not send the money , but spend almost 5-6 hours in bank  to open new account and understand their procedure. I know with these FIAT currency these are the common factors. Just opened a new wallet , bought the required amount from a exchange site , believe me the rate was so low than my banking experience. Then send it to my friend , for faster delivery may be i have used higher sat/b for priority . But thankfully he got. Its my real experience.


Thanks for reading. Help to improve. And if you already liked or got some useful things from my post , Just Merit it . It will boost my Forum journey. Thank you.  Undecided Undecided Wink Wink Grin Grin


50  Other / Meta / Re: sMerit Decay system ? on: February 08, 2018, 05:08:44 AM
Please some one answer the sMerit decay system . How long it will gonna hold ? Just simple question >>

sMerit decay system (SDS) does not exist yet.  It may never exist.


Ohh got it , Thanks vod.  I was too worried about that , i have got little number but being generous i don't want to loose those. Because many good posts have right to receive it. Thank you.
51  Other / Meta / sMerit Decay system ? on: February 08, 2018, 05:04:31 AM
Please some one answer the sMerit decay system . How long it will gonna hold ? Just simple question >>
52  Economy / Speculation / Re: 1btc = 6k usd on: February 07, 2018, 09:02:28 AM
i think too much dumping and pumping the penny coins cause this crash , it will need more than a year now to uptrend. This will be the trend i think.
53  Bitcoin / Bitcoin Discussion / Why it has to reach bottom ? on: February 07, 2018, 08:50:33 AM
Here is why bitcoin will never rises if not reaching bottom as its risky to lose big cash after that huge drop , it needs a new blood otherwise the circle will be just closed on small holders who dream of holding when other big investors own most of it and selling on ups and downs fast in fast out to not lose anything ,it wont ever goes up like that, too much to lose for alot of people with all risks so it has to reach considerable bottom for massive adoption and people can then pay and increasing the number of holders and will start its healthy uptrend and stability.

Billionaires are not stupid and they will sell on the small figure than big figure.
54  Economy / Speculation / Frankly saying , The Crash was inevitable and unavoidable !! on: February 06, 2018, 09:44:57 AM
The Crash was like a dooms day for me. I don't know that affects how many peoples among us , but it was certain thing to happen. This adjustment was needed to gain stability of the market. One of the reason is penny stock coins. Many people among were pumping and dumping those coins , adding they don't have any genuine team behind them. So it was unsustainable for the long term. In my another article i have told we are directly contributing to the dumping process. May be this crash is a genuinely necessary lesson for the individuals who  bought and sold in PANIC.

 I'm still hopeful for the future that people invest their money into more real and practical coins. We should do more research before investing any new coins. If we do the same this will happen again. This crypto industry will be around for quite a long time. I rather say long way to go. We can still gain from from our error. Things we should do from now on -


  • -  Avoid baseless hype and FUD News
  • -  Keep supporting genuine organizations and support their
  • - Think twice before investing any new penny stock coin
  • -  Start research rethink from the ground.

Hopefully if this happen we could avoid this type of crash. A single MERIT will boost myself to write good content more. Thank you.
55  Other / Off-topic / Re: sMerit Post-Review on: February 05, 2018, 08:07:25 PM
Hello sir ,

I am still suffering to get merit points. I gave much effort in few post , had a firm research. But got some merit yesterday. The new rule is made to keep the forum clean , spamless. I support the system , but i was very disappointed till yesterday. I got few merit on a post . I am researching about banks and bitcoin. Here is my article link . If you think it is good , please give me merit. It will boost my effort to write more.


Post 1 = https://bitcointalk.org/index.php?topic=2879021.msg29577405
Post 2 = https://bitcointalk.org/index.php?topic=2864921.msg29412936#msg29412936
Post 3 = https://bitcointalk.org/index.php?topic=2075728.msg29363033#msg29363033

Thank you.
56  Alternate cryptocurrencies / Altcoin Discussion / What is smart contact ? For New comers !! on: February 05, 2018, 07:31:21 PM
When i was researching on Ethereum , i got this keyword. So i decided to write an overview for the newbie.

Actually Smart Contract is a type of  self-executing contract that is intended to authorize the terms of an agreement made between two parties. Terms of the contract are recorded in a computer language. It is  a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. It eliminates the third party

The point of smart contracts is to -
1. Encourage the trading of cash, or anything of significant worth.
2. While likewise lessening costs related with the arrangement of a contract e.g. legitimate charges.


For instance, If Rahim needed to go into a contractual agreement with Sara for the offer of a house, typically, the two people would look for the assistance of a real estate agent or a legal advisor keeping in mind the end goal to frame a contract.

On the Ethereum blockchain - A notable utilization of smart contracts can be found , where they are coordinated into decentralized applications (DApps).

Thanks you.

57  Economy / Speculation / Re: Bitcoin is Still a Child ! Way to GO !! Don't Panic Sell !! on: February 05, 2018, 06:37:42 PM
Quote
Bitcoin can be effectively held as an investment if you're concerned about daily, weekly, or monthly moves. We've seen these swings before. So, either you believe in Bitcoin long term or you don't. If it's the latter, if you believe Bitcoin has no utility to offer the world that is not already invested in Bitcoin, then get out and stay out! Your volatility isn't helping anyone!


Ok i got your thought on it , i am not provoking some one. I just feel that way. Actually i was determined to sell all my savings but read few things and past records and got some strengths. That's all.
58  Economy / Speculation / Re: Bitcoin is Still a Child ! Way to GO !! Don't Panic Sell !! on: February 05, 2018, 06:29:05 PM
When you are selling it , you are indirectly participating in the dumping process.

Wrong. When you are selling Bitcoin you are directly participating in the dumping process.

It's hard to say what's going to happen. But if you are bullish on Bitcoin long term you should be buying more on sale (if you are able to). If you are bearish in Bitcoin long term then you should sell. And if you are just following the leader, you'll never make any money and should get out of all crypto currency investing.

So what you are saying , should we sell our investment now ? I have bought when it was appx $10k. Small amount although but big for me .
59  Economy / Speculation / Bitcoin is Still a Child ! Way to GO !! Don't Panic Sell !! on: February 05, 2018, 06:13:24 PM
Before writing my article i wanna show up some contrast issue. JPMorgan Chase-  CEO Jamie Dimon is one of the Harshest critics of BITCOIN. I remember one of his quotes -

Quote
"bitcoin will “blow up”, adding: "It's worse than tulip bulbs. It won't end well.”  - Jamie Dimon

Do you think ? That will happen. These big giant media people control the price of the Bitcoin. When we wake up in the morning and heard these types of shitty news on paper or media , We just become disappointed. We think what the hell what we have done , why we have invested in this ICO or crypto currency. We should not .

As a result PANIC SELL occurs. When you are selling it , you are indirectly participating in the dumping process. As a result millions of people are contributing the dumping process. Therefore the total market CAP of the specific currency (BITCOIN) is lowered. The massive decrease in the market cap cause the Price to be much lower, you can't imagine. Mass people just do the same without knowing the consequence.  

Here who are the real winners, those people who created the news and we believed them blindly. (I also say sometime panic selling is good , if you have lost more than 70% of your investment , Maybe )

Who knows These Big giant companies and their management like "Jamie Dimon" have created these news to enter the market. But at the end of the day we (General People) make the loss. They don't .Some critics will defend the market who have already invested a big portion of his investment , like John McAfee, He said i remember -

Quote
"For you who are long term investors like myself: (those who allways make the most returns), BITCOIN is still the crypto giant. It is at a low price, and will never be cheaper. It will be ten times this price in 2018. Remember - it has the lowest circulating supply of any coin. - John McAfee"

I am saying we should be more aware of the system , don't panic at all. Bitcoin is still a Baby , it will not die so easily. I will not sell single bitcoin of my investment whatever the price is.
If you were going to sell  your investment and stopped and came back to this article after some time when BITCOIN will rise again , don't forget to MERIT ME OK ?  Grin Grin Grin

Forgive me if said anything wrong. That's my perspective.  Before Buying or selling please do a research.
60  Bitcoin / Bitcoin Discussion / Re: Bitcoin is possibly the beginning of the fall of the controlled banking system ! on: February 04, 2018, 06:07:18 PM
Poor Nations will suffer

In poor nations with restricted access to the web or territories without power, for example,many areas in Africa continent don't got sufficient support , there are still obstacles to cross there. So the basic things like internet connection , electricity access etc. Still Bank exist there. But they are following conventional paper work. Still They have not convert the system to online.  Both bitcoin and the conventional banking system will exist together for years to come.

This is true, but it's interesting how the technology being somewhat behind could also work in favor of Bitcoin. Check out this story:

http://www.bbc.com/news/world-africa-42582343

I'm working under the assumption that limited infrastructure is one of the reasons why transferring funds across borders is expensive, but Bitcoin seems to solve that problems for at least a couple of people. Bitcoin fees are smaller, and the people won't even have to go through all that banking red tape as a bonus.

Bitcoin can certainly disrupt how the banking system currently operates, but I wouldn't go as far as to say Bitcoin will be the death of it. Bitcoin still has a lot of problems ahead of it, like scaling, volatility, etc.

Yes this factor is alarming for developing countries , like my country. A big amount of money is entering in our country through foreign remittance which makes back the middle man. If there were not back govt could not get much tax , and the quality of the consumer could increase.
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