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4001  Economy / Service Discussion / Re: 1,500 restaurants in France start accepting bitcoin payments through Just Eat!!! on: September 09, 2020, 05:56:01 PM
In this case, privacy when paying with Bitcoin doesn't make much sense, because it's about delivering food to the user's address
My bad, I was thinking of that, but as I rarely eat out, I do not quite know their privacy policy and I assumed they do not store the data they receive such as customer address but a transaction cannot be deleted as it's needed for accountability.

- but still maybe some could have problems with refund to their bank accounts, because some banks are not crypto friendly.
The refund would have nothing to do with cryptocurrency from what I understand; you send them Bitcoin, they convert it instantly using a payment processor and receive fiat. If an order is cancelled later, they'll be paying from their euro account into the customer's account, the bank would not be involved in the initial cryptocurrency transaction.

But what about Bitpay's conversion rate? I've never used Bitpay, but it sounds like a suspiciously good deal.
According to their website they do not charge any hidden fees besides the 1% and they take their conversion rate from exchanges for U.S and Eurozone purchases, while other regions is done indirectly
To calculate the exchange rate for US Dollars, we typically pull the market depth from an exchange with adequate liquidity and reliable withdrawal capabilities in the USA and Eurozone. We factor "slippage" into our exchange rates, which means that the larger the value of the invoice, the lower the exchange rate. Slippage is usually only noticeable on very large invoices.

We set exchange rates for non-USD currencies indirectly using the Open Exchange Rates API. In the future, as Bitcoin markets in non-USD currencies mature, BitPay will use those markets directly.
4002  Economy / Service Discussion / Re: 1,500 restaurants in France start accepting bitcoin payments through Just Eat!!! on: September 09, 2020, 06:28:27 AM
According to this article the service cuts across 15,000 restaurants in France, not 1,500.
Overall, It's a good step forward for publicity and adoption as people would struggle less to find ways to spend bitcoins. They firm also plans to make inroads into other countries like the U.S, leading to more adoption.
But, this part of the article caught my eye;

...Payments using Bitcoin will be calculated based on the current price charged by Bitpay. However, if a Bitcoin payment is cancelled, the customer will be refunded in Euros, with payment being sent to a customer’s traditional bank account.

“When you make your initial payment, Bitcoin is already converted into Euros. The rate applicable at the time of your payment will therefore be the rate applied for reimbursement,” the website says.


If I use Bitcoin there is a likelihood that I wish to remain private, compelling users to divulge their bank details for a refund when an order is cancelled doesn't quite sit right with me. Understandably, they are using a payment processor, so all transactions made in bitcoins are immediately converted to fiat, they could however still hold some bitcoins in reserve precisely for this sort of situations.
4003  Other / Meta / Re: [TOP-200] The most generous users giving merits on: September 08, 2020, 10:51:59 PM
But the rest? I don't know, there are many more members with 200+ merits sent, in my opinion, so what was the reason to add them?
The list is ranked primarily by the generosity score as you can see users with less sent merits above those with more because they have a higher score.

My hypothesis would be that users not on the list with possibly higher sent merits have an equally high received number of merits which reduced their generosity based on OPs calculation.
Note that; the list was originally created to check users who give out more merits than they earn.
The all-time list would also be skewed as some users on the list have earned zero merits but awarded smerits, which would mean that they got airdropped smerits along with merits. This discrepancy between sent and received merits would give them a much higher score than someone who gets smerits as a result of merits they earn.

• I sent 225 smerits and earned 450. My score would be; 225 - 450/2 = 0
• Someone else sends 120 smerits and earned 0. Their score would be 220 - 0/2 = 120
The user with a lower sent merit would be ranked higher.
4004  Other / Meta / Re: [TOP-200] The most generous users giving merits on: September 08, 2020, 09:56:21 PM
Is this information in OP actual? Do we have indeed 97 merit sources at this moment on the forum?
Yes - https://bitcointalk.org/index.php?action=merit;stats=sources

If this is true why the other 100 people are added to this list? Something changed and OP started to add all generous members not only alleged merit sources?
It's possibly a means of recognizing other top generous merit awarders. The identified merit sources are easily distinguished on the list, as their usernames are boldened.

Is this a scrapping tool or something else which makes the job or maybe OP by himself? If I can ask, of course?
Not sure which method the OP uses, but there is a weekly updated merit data dump from theymos, DdmrDdmr also runs the merit dashboard. Both of these tools would be very useful in making such a list.

Because, I know for sure quite a few people who can be on the list (from number 100) with higher amounts of merits earned/sent, so I am a little confused and can't find answers on few first pages of this thread.
Are you looking at the generosity score? It is not the actual sent merit figure, according to the OP, it is calculated using;
Code:
GENEROSITY = SENT_MERITS - ceil(RECEIVED_MERITS / 2)
4005  Economy / Economics / Re: Rampant inflation, yet a steady exchange rate. on: September 08, 2020, 06:49:43 PM
Exchange rates should be definitely changing the price of dollar versus fiat, I mean in many nations that happened, especially in places like Venezuela or Zimbabwe you could buy so much with just one dollar and it is billions in their fiat as well.
Inflation is basically an increase in the price of goods and cost of living, devaluing of a currency is an aftermath of inflation; Goods are overpriced, so automatically the value of what you could buy with the equivalent of $1 (for example) would increase leading to a change in the conversion rate.
This ideally should be an isolated crisis for the impact to be more felt, i.e; there are little or no changes in the value of similar products in other economies.

but having inflation yet having same rate means there is some people who want to profit from it.
Fixed exchange rate is a policy governments use to try and ensure stability, but it also has its downsides. You should also note that bank exchange rate usually differs from black market rates due to regulation.

I mean if it is such an easy way to get dollars with the same rate while you still have higher inflation, what I would suggest is get a huge loan if you can in your own currency and buy dollar with it, believe me you can pay it back slowly but eventually if inflation continues dollar will go up a ton in your nation as well and at that point you will be wealthy and sell it for x10 more easily.

During an inflation, the central banks would be implementing policies to encourage spending, so I would assume it would not be too easy to convert to some other currency as a regular individual (I could be wrong), the other option then would be the black market which would reflect the overblown changes in rate.  Also, interests on loans would make this quite unprofitable and risky.
It would be a good idea though to switch to hedge funds to protect assets you hold.
4006  Other / Meta / Re: Rapid shitposting attack on: September 08, 2020, 05:25:10 PM
<snip>
This would result in spammers finding a new convenient board to spam, clogging up the rest of the forum, and putting more work load on mods/staffs.
Imo, it's better confined to the off topic section, every board already has its fair share of spam.
4007  Other / Beginners & Help / Re: Atomic wallet's phishing website is being promoting in google's ads. on: September 08, 2020, 04:14:47 PM
Ads have no connection with visits, mentioned as you said above.
Steering a bit from the discussion; I never mentioned that there was a connection between ads and visits, I was discussing what goes into results which are returned by search engines after a request, and visits is one of the factors. There are two parts to search results;
• Indexing: For a site to appear on a search page, they need to have been indexed, and this is done when such a site is picked up by web crawlers or "spiders", these are bots used by search engines to scan the web looking for pages which would be relevant to seachers. The site has to be visible to the bots in order to be indexed.

• After a site has been indexed by an engine, the next target (of the site owner) would be to appear on search results, preferably on the first page. This is where factors such as activity or traffic, back links or mentions on other websites, bid amount, SEO~Search Engine Optimization; which includes use of specific key words relevant to the website's services is very useful. This is done so an engine returns the most accurate and relevant result to a particular search query.

The search engine should also have a system to filter the indexed websites and check for suspicious or fake activity, inorder to protect its users, and this is a reason why Google is a bad option to use as a search engine, as they have a poor filter system and do the bare minimum to protect its users.
4008  Economy / Economics / Re: Winklevoss The Case for $500K Bitcoin on: September 08, 2020, 08:52:20 AM
'Bias' is necessarily not a bad thing. if I have been actively interested in a network like bitcoin for a good number of years as the Winklevoss twins have, I would likely pick up a bit of positive bias along the way, possibly to the level of maximalism. This is a personal opinion, as people gravitate towards what interests them.
When bias turns to prejudice, it is then a problem. Anyone can have positive or negative opinions about various ventures, but it would only be FUDing or shilling when one uses baseless statements to support of discredit a project.
4009  Other / Beginners & Help / Re: Atomic wallet's phishing website is being promoting in google's ads. on: September 08, 2020, 08:31:11 AM
Personally I don't find fluidity that Google search has anywhere else (yeah, I know I give data for this 'convenience'), if you are anything like me then best bet would be to use an ad blocker or never ever trust any ad.
Fluidity and convenience usually comes at a price, reason why lots of crypto users patronize custodial wallets to avoid taking responsibility. As you said, you trade your data for this convenience, but data is a broad space and ranges from browsing history to really sensitive information which you would not want a third party storing.
Using an ad blocker is very good practice, you could also use Searx to anonymously visit other search engines like Google, and it returns the result to you.
4010  Other / Beginners & Help / Re: Atomic wallet's phishing website is being promoting in google's ads. on: September 07, 2020, 10:13:44 PM
Are ads automatically added to the google first page search?
Search results are ranked based on activity score as well as bid amount. So basically; organic activity (including visits and mentions on other sites) as well as a substantial bid (amount paid to appear higher on search results) determine what website is returned to a user after a search. Google has a poor filter system, so a phishing website can show up on their result page with a substantial bid and activity, which can be faked.
At this point, you shouldn't use Google search engine at all, more so, if you are looking up delicate queries, like wallet websites or exchanges.
4011  Other / Beginners & Help / Re: Invest for beginners on: September 07, 2020, 11:37:25 AM
As an enthusiast, you would want to learn more about the assets you are interested in;
Check out this articles for information on basics of Bitcoin as well as best security practices;
- https://www.coindesk.com/learn/
- https://cryptosec.info/wallets/

As an investor you would need;
• A tool with which to monitor the changes in the market. For this you could check out https://tradingview.com/ or regular cryptocurrency market trackers like, coingecko or CMC

Optimum security practice; this begins with a secure wallet to store your assets in. I recommend a hardware wallet like ledger or trezor, ensure you get it from the official website. You should begin to practice safe browsing and be more alert when using the internet, if you chose to be your own bank, you also have to take responsibility.
Recommendation from a forum member;
Stop using Google to find the website of exchanges, services, or wallet.

Stop following random links without checking the URL.

Start using uBlock Origin.

Never type your seed in anywhere.
...

• You would also need an investment plan, to avoid panic selling or bag holding. Check out this thread - (SSS) - A Sane and Simple bitcoin Savings plan
.
Note: Your plan should be customized to you, take ideas of other as just suggestions.

• It would help to stay ahead of the market, explore changes and updates and decide what should and should not be in your portfolio, this forum can be a very useful tool for that. Good luck!
4012  Economy / Economics / Re: Socialist life on: September 07, 2020, 06:12:42 AM
Governments have full control when it comes to manipulation in the economy that's why most of the politicians are suddenly becomes rich due to corruption.
The ability of the government to carry out corrupt practices is not an indicator of socialism.
Using my country as a case study; social amenities such as electricity, tourism/hospitality has been privatized, with major sellouts still happening in various sectors indicating a shift from socialism. Corruption however is still widespread as they still have influence over financial structures like; budget allocation, contract awarding etc, so corrupt gov'ts can still effectively embezzle public funds.
4013  Alternate cryptocurrencies / Altcoin Discussion / Re: No hype is good on: September 06, 2020, 12:34:47 PM
The time the hype was at its highest was not when those projects were launched, but rather when it became popular; this popularity leads to FOMO, attracting investors and scammers who would want to rip off the new investors. ICOs were a product of the blockchain hype with devs leveraging on the technology to sell half baked projects which were only feasible on paper

We had hype around blockchain when it first became popular and the internet got lots of interest when it became available publicly. This two inventions had lots of hype, but were very essential in the advancement of technology, undergoing more developments along the way to get to its present stage.
4014  Other / Meta / Re: Swiftcointalk.org? on: September 05, 2020, 10:38:11 PM
Side note:  Looking over historical instances of the site, I’ve seen that some boards, cloned from Bitcointalk in name, come and go. Amongst them there was the:
I would assume they lacked enough activity to keep up with the number of boards on bitcointalk, or else they would have entirely duplicated the layout on their forum.

Maybe some highly-motivated forum detectives can keep an eye on it.
All the threads I skimmed through there were started by one profile, so there are very little users visiting the site. Any plagiarism would likely be copied from here and pasted there, and there's nothing that can be done to stop them, right?
4015  Alternate cryptocurrencies / Altcoin Discussion / Re: What Is Really Happening To The Market? on: September 05, 2020, 07:44:25 PM
will we see bitcoin under $5k again until the end of the year?
I don't think so, I would expect a resistance level around $9000-9500. But as you said, predicting the price movements of cryptocurrencies is very difficult as so many factors influence the price.

Was the increase in bitcoin and some altcoins in August just because of the Defi hype? Share your opinion
The hype would certainly have influenced the crypto market to an extent, but I wouldn't say it was the sole reason for the mini-pump. Bitcoin halving happened some months ago and there has been lots of interest from institutional investors to cause a  bullish sentiment.
4016  Economy / Economics / Re: Rampant inflation, yet a steady exchange rate. on: September 05, 2020, 06:04:40 PM
Doesn't inflation also cause exchange rates to increase, in an inflationary way?
If your country uses a floating currency rate i.e, one which is dictated by changes in the economy, (as opposed to a fixed rate; which is pegged to another currency) then it would be influenced by changes such as inflation and the exchange value would be affected.
Sudan currently uses a regulated floating policy, which means it is still controlled to an extent by the government/banks.

Exchange rates are quite tricky to understand and calculate, bank rates are based on mid market rates, which is the average of buy and sell rates. You should also note that when converting a currency as an individual, you are technically buying money from an agency, so a commission is placed on it, all these factors can influence the exchange value.
Banks also implement fiscal policies to affect the economy, such as OMO ~ open market operations, QE ~ quantitative easing etcetera, so the inter bank rate is regulated.

Black market rates are usually more accurate and reflect changes in the economy more.
This is an excerpt from an article posted in July;
The country’s currency recently fell to a record low of 150 Sudanese pounds to the dollar on the black market, compared with 55 at the official rate. The black market rate was 140 pounds to the dollar on Wednesday.
4017  Other / Meta / Re: Swiftcointalk.org? on: September 05, 2020, 10:05:07 AM
They've been around for quite a while - what is swiftcoin
The developers and administrators, who may be the same person, seem to be trying to affiliate both the forum and the coin to Bitcoin and are probably scrapping posts from this forum. Going through the most recent posts on the forum, there are so many of them with 'bitcoin' in its title or text (SEO marketing), which were likely plagiarized from here.

I could not find a logo of the project, but there is one of Bitcoin on the forum;

They're probably looking for cheap publicity by associating themselves with bitcoin, nothing to really discuss.
4018  Other / Meta / Re: Legendaries need love as well. on: September 04, 2020, 04:14:40 PM
I suspect that most members discredit the personal research that I have done into various health issues.
I may disagree with some of your opinions on health issues but I have also gotten lots of helpful information; for one, I got connected to Dr. John Campbell's YouTube channel through your threads, and it has been a great resource for useful content related to global health situations.
Congrats on your merit achievement. Your contributions would be valuable whichever board you stick to.
4019  Bitcoin / Bitcoin Discussion / Re: Bitcoin is predictably a guarantee in an uncertain world on: September 04, 2020, 12:05:19 PM
It is often said that Bitcoin is a hedge against uncertainty. And that's it.
As compare to gold? Bitcoin hasn't been tested as a good hedge against uncertainty though.
Uncertainty could have several connotations to it, Bitcoin could be seen as an alternative to the uncertainty in supply of cash, credit crisis and other fiscal policies the banking sectors implement which affects the nation's economy. Bitcoin has the qualities of immutability, decentralization and a fixed supply which makes it a good hedge against centralization.

So you want to buy BTC and HODL until 2050?This sounds crazy. Grin
That really is not that crazy. There are people who are investing in Bitcoin which would be accessed by their kids in 10-20 years, 2050 from then is not far off.
4020  Bitcoin / Development & Technical Discussion / Re: BTC Wallet Tracing on: September 03, 2020, 09:09:27 PM
Don't have access to the wallet or account
So, your friend does not know the exchange on which they bought bitcoins, and they have not visited it since 2010?
You can post the address publicly and the community would look into it and try and decipher the exchange
P.S; if he doesn't remember the exchange, he/she would likely not know the email address that was used to register it nor the password of the account, proving ownership of the account would be a struggle.
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