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4201  Economy / Trading Discussion / Re: The crypto exchange industry is saturated - Agree or disagree? on: May 30, 2019, 10:15:25 AM
And to reach the top, the idea must be more than original and offer an attractive product to attract people

In fact, you don't need something exceptionally original

All you have to do is offer margin trading, provided it is done in a reliable and consistent way. How many exchanges are offering this right now? I know about Bitfinex and Bitmex, though I couldn't come to understand how it works with the latter (read, it is likely something shady intended to take your money in a semi-legal way). And I'm not sure that freely available trading engines (like the ones mentioned here) offer this feature or it is actually usable

Right not exceptionally but I was mainly thinking about a feature that others don't have. Well like you posted and for the same reasons. Why should I use another exchange while I've already the ones I stick with. Only for something that I don't have. Me too I don't get it how it works so no use for me but if I'm correct Kraken also has it

It is like the law of diminishing returns

If you are looking for something really unique, the fact that it hasn't been implemented yet pretty much proves that your effort may not be worth the while (and money) put into it. Okay, you add some fancy feature (like currency swaps or whatever) and how many people are actually going to use it? In other words, you would get better returns for a buck invested if you just make everything better and smoother - user experience and things like this (e.g. faster withdrawals and deposits, more complete and elaborate api, etc). As I'm inclined to think, that's where improvements should be made if you want to beat the competition

I currently think that these are investments with long-term returns. You mention the swap, I agree at the moment but in 5 years?
In the short term, as improving the user experience yes I fully agree. Then they may have also other priorities such as security or compliance, and also their partnership, with banks or others. idk. In general, this is where the weaknesses are regarding exchanges.

At the same time at the UX level, what more is needed to add? I am not an extensive user, but for example:
*the withdrawals/deposits: you mean fiats or cryptos? Both are independent of the company. And if your withdrawal hits your bank account in 24 hours, isn't that enough?

High TXs fees for cryptos: to not get people (newbies) starting to say 'I don't get my payment from XXXX company' and all the useless support tickets opened.
High TXs fees for fiat: I'm not used but in my case, it costs me 0.09€ per bank transfer and hits my bank within 24h and often the same day.
*APIs I have no idea and no use so can't comment
4202  Bitcoin / Press / Re: [2019-05-30] Forbes - How Billionaires Are Buying Up Bitcoin on: May 30, 2019, 09:50:50 AM
I would have been more interested to know who these billionaires are. The article seems to be more of a promotion than anything else, which is not so surprising coming from Forbes. It is not surprising and not new that the riches go through institutions/firms.
That said, if they really have a customer interested in buying a quarter of the bitcoins on the market, I have no idea what ATH will BTC hit:p.
4203  Economy / Economics / Re: The Continuous Printing of Money on: May 29, 2019, 10:54:57 PM
Funny you mention Venezuela, did you read the news about its inflation? The government hasn't published any information related to it for 3 years and now claim its inflation is at 103,000%. IMF replied the percentage is a lot undervalued and the real rate is surely at 1,000,000% approximatively and will go up to 10 million. How crazy it is, see, printing more money and citizens now can't even buy a bread.
4204  Economy / Service Discussion / Re: Which Mixer is getting axed next? on: May 29, 2019, 10:37:31 PM
"
Quote
EU has very harsh laws when it comes to terrorism and money laundering"

Yeah like many countries btw, but they have no problem to host banks, the most used platforms when it comes to money laundering, whatever illegal activity.
I don't get why someone would run 2 mixers under 2 alias. Unless 1 would be used for an exit scam or something...
BitBlender.io is hosted in Malaysia
4205  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs Traditional Payment Processors on: May 29, 2019, 09:16:16 PM
(...)
it's becoming more evident that crypto will someday replace traditional payment processors like PayPal, Apple Pay, and Android Pay. Yet, Blockchain technology is still struggling with user adoption and regulatory compliance.
(...)

You are wrong thinking that way... Roll Eyes
I would rather prefer to use PayPal for example for my direct payments with fiat. Without the need on converting my fiat into bitcoin (let's say make a deposit into BTC) and then use it for my payments as BTC.
These transacations cost me extra fee rather than using my Debit Card on Pay Pal for online payments where i have 0 fees associated with that transaction.
Therefore, the cryptocurrency is still very poorly used as a means of payment. In many cases, non-cash forms of payment in ordinary currency is much more convenient to use than Bitcoin or another cryptocurrency. In addition, it is still difficult for ordinary citizens to understand, especially for those for whom English is not their first language.
However, the cryptocurrency continues to evolve and many difficulties gradually disappear, although this process will be lengthy.

Bitcoin is explained literally in thousands of languages, not even talking about the local TVs, it's not a valid argument.

Some countries are still resistants to any digital form of payment, Germany is a good example, as a country that still uses banknotes a lot more than payments cards. (It's maybe a reason they still have the 500€ banknotes while others countries don't or are any process to remove it).
Not a valid point everywhere.

Anyway, folks don't need to understand how Bitcoin works up to become a dev themselves. There are so many solutions offered easy to use, Coinbase is an example. So again, not a valid argument.
4206  Economy / Service Discussion / Re: 2019 List Bitcoin Mixers Bitcoin Tumblers Websites on: May 29, 2019, 03:40:03 PM
Can you add a section with a timeline of the most known or used mixers that have gone dark? If you have the info for it of course. Would be pretty interesting to see how fast the market was hit by the bextmixer news, as it seems shutdowns are spreading like wildfire.







Done, I added the dates for the websites I knew about. I will also categorize to differentiate the scams from discontinued projects.
And surely add the servers location and logs policy as DmrDmr suggested some days ago
4207  Bitcoin / Bitcoin Discussion / Re: There isn't always a clear reason why BTC went up or down on: May 29, 2019, 02:42:02 PM
That's a reason most of the old bitcoiners use to say Bitcoin can be surprising. It does some stuff a few times a year when the only thing you can say is "LOL". Often I stop to even wonder what can be the reason, too many theories, analyses, predictions, etc. Fuck that, let's enjoy the market (with the ups and downs). I don't deny analyses but let us be guided by the magic of Bitcoin. (Sometimes it's black magic)  Tongue
4208  Economy / Trading Discussion / Re: The crypto exchange industry is saturated - Agree or disagree? on: May 29, 2019, 09:20:55 AM
And to reach the top, the idea must be more than original and offer an attractive product to attract people

In fact, you don't need something exceptionally original

All you have to do is offer margin trading, provided it is done in a reliable and consistent way. How many exchanges are offering this right now? I know about Bitfinex and Bitmex, though I couldn't come to understand how it works with the latter (read, it is likely something shady intended to take your money in a semi-legal way). And I'm not sure that freely available trading engines (like the ones mentioned here) offer this feature or it is actually usable

Right not exceptionally but I was mainly thinking about a feature that others don't have. Well like you posted and for the same reasons. Why should I use another exchange while I've already the ones I stick with. Only for something that I don't have. Me too I don't get it how it works so no use for me but if I'm correct Kraken also has it.
4209  Economy / Service Discussion / Re: Which Mixer is getting axed next? on: May 28, 2019, 10:50:38 PM
As long a mixer is able to do a job correctly there is nothing to be afraid. Mixers have been here for years now. If authorities successfully tracked the TXs guess what, it's because the mixer hasn't 'a so great system'

apparently most mixers aren't so great. this guy has broken most of the algorithms used by centralized mixers---all besides chipmixer, that is: https://bitcointalk.org/index.php?topic=5117328.0

We've never got any evidence before but it's something we all knew or suspected. At least I'm and I'm surely not the first and not the last.
3 or 4 years back I remember when I posted here to say some mixers aren't effective and TXs can be tracked if someone has the resources, people replied I was trolling but I wasn't.

Now the thing is, Mixers improved with the years, but not all. While it wasn't a problem before now it is and authorities are after the broken mixers. And I can think of ~2 other mixers as a "good target" for them
4210  Economy / Service Discussion / Re: [LIST] Free EU bank accounts that you can be opened directly online on: May 28, 2019, 10:25:30 PM
N26 closed my account without warning after almost a year using them. They provided no warning and they dont respond to chat (they close it immediately!). They said I can use my account normally for two weeks (after two weeks my account would be closed) to withdraw my funds but thats false. Debit card blocked and I cannot make any transfers. Mid 5 figures stuck there. They said to provide them with an IBAN to transfer my money to. I did and its been almost a week and no money..

They cannot give me a timeframe.

I used my account with coinbase ONLY. Its 100% crypto related and if you search the net you will find MANY cases like mine (https://twitter.com/n26/status/1131188669598064650
 https://twitter.com/N26Failure).

Stay away - you have been warned.

N26 randomly closes accounts, once asked they point users to their TOS (which literally says they can close your account at any time at their own discretion). The European banks have to give customers a deadline to leave, which is your case. Right now it's normal that you haven't received anything. It can take up to a month to receive the remaining funds and in your case, you will get the funds after the 2 week period.

Are you sure I will get my funds back? I have read countless posts in twitter with guys that are waiting their money months after and N26 simply ignores them.. do you have any suggestion to speed things up?

Perhaps because N26 asked them to provide evidence for where their money comes from before to release and they were unable to provide any. But legally it does not have the right to hold the funds indefinitely, especially in the circumstances where the customer account is closed. (different than suspended)
Currently, you don't really have any possibility to speed up your case. Only once the delay of at least 2 weeks (or even a month) then you will have to turn to a consumer agency or a bank mediator.
4211  Bitcoin / Project Development / Re: How to host a website in bitcoin transaction? on: May 28, 2019, 09:06:56 PM
It's possible with Ethereum. Someone posted a 'how to' in this section long ago, I don't remember how but I tried and it worked. I'm unable to find his topic again, nor I know what query to tell you to search but I know it's possible.
It's just visible by browsers, not by bot crawlers, etc.
4212  Bitcoin / Bitcoin Discussion / Re: Has Bitcoin ever experienced a 51% attack? on: May 28, 2019, 08:27:41 PM
...and how much would it cost now to perform a 51% attack?

$500,000 per hour just for electricity and $1 billion in equipment. It's not worth it.
Back in 2014, GHash had reached something like 40% of all power and people started to complain on Twitter/FB. Then miners moved to other places. After this GHash published a PR to say they had no intention for a 51% attack.
4213  Economy / Economics / Re: Jobs Created by the Blockchain & Bitcoin on: May 28, 2019, 07:54:56 PM
I posted a thread a few months back The Cryptocurrency Job Market Is Exploding (Infographic)
Statistics showed that 80% of the jobs are in The US (California state 30% alone) and 10% in The UK. Most of the jobs are IT related with an increase of +200%. And there are companies paying (some of) their employees with cryptocurrency/token. You can ask to Kraken for exemple, it's one of them.

What we don't see is the number of jobs reduced, some companies do
4214  Economy / Service Discussion / Re: [LIST] Free EU bank accounts that you can be opened directly online on: May 28, 2019, 07:36:38 PM
N26 closed my account without warning after almost a year using them. They provided no warning and they dont respond to chat (they close it immediately!). They said I can use my account normally for two weeks (after two weeks my account would be closed) to withdraw my funds but thats false. Debit card blocked and I cannot make any transfers. Mid 5 figures stuck there. They said to provide them with an IBAN to transfer my money to. I did and its been almost a week and no money..

They cannot give me a timeframe.

I used my account with coinbase ONLY. Its 100% crypto related and if you search the net you will find MANY cases like mine (https://twitter.com/n26/status/1131188669598064650
 https://twitter.com/N26Failure).

Stay away - you have been warned.

N26 randomly closes accounts, once asked they point users to their TOS (which literally says they can close your account at any time at their own discretion). The European banks have to give customers a deadline to leave, which is your case. Right now it's normal that you haven't received anything. It can take up to a month to receive the remaining funds and in your case, you will get the funds after the 2 week period.
4215  Economy / Trading Discussion / Re: The crypto exchange industry is saturated - Agree or disagree? on: May 28, 2019, 05:54:44 PM
To cope with exchanges such as binance, you need to have a lot of money to start with. Not all exchanges are interested in becoming as big as those currently in the top. And to reach the top, the idea must be more than original and offer an attractive product to attract people.
It's possible to see a new corner on the top in the future, it could be a  company already established with resources (ie banks)
4216  Bitcoin / Press / Re: [2019-05-24] LocalBitcoins Bans Bitcoin Buying in Iran on: May 28, 2019, 04:13:53 PM
...





Not the Dex's fault if people trade centralized money there. There is not always someone to deal with disputes, but in the case of Bisq if a decider is not fair he can lose a good amount of money so it's unlikely to happen. LocalBitcoin isn't decentralized, even when you remove all centralized payment methods.
4217  Economy / Service Discussion / Re: Which Mixer is getting axed next? on: May 28, 2019, 03:48:18 PM
Forget the signature campaigns man, that's not what we're interested in. In the near future, you will understand why to use mixers, dexs, and privacy-centric crypto, etc.

As long a mixer is able to do a job correctly there is nothing to be afraid. Mixers have been here for years now. If authorities successfully tracked the TXs guess what, it's because the mixer hasn't 'a so great system'
4218  Economy / Service Discussion / Re: 2019 List Bitcoin Mixers Bitcoin Tumblers Websites on: May 28, 2019, 01:58:43 PM
Thanks, I updated the list and removed also another mixer. Ghostmixer is gone as well, the domain name expired and the guy looks inactive forever. I will try to monitor the sites more frequently because I'm pretty sure we will surely find a few others mixers following the same path shortly.

Privacy fucked without vaseline:/
4219  Economy / Service Announcements / Re: [ANN] Bitcoin Blender, anonymous bitcoin mixer on: May 28, 2019, 12:33:41 PM
Damn, look like there is a mixers hunt. In 2 years we got Bitmixer, Bestmixer and this one. Coinmixer, I don't remember to read an explanation but I suppose they closed for the same reason as Bitmixer and Bit.blender. They felt the wind blowing in the opposite direction.
I suppose too now the Darwin theory will apply: only the effective mixers will be able to survive.
4220  Economy / Scam Accusations / Re: Hhampuz embezzling signature campaign funds from BestMixer on: May 27, 2019, 08:10:00 PM
He may have wanted to secure what was left, but above all, he may have wanted to hide it by being afraid of the rest of this story in media. He thought he might be subject to problems or something. Maybe not in the right way but there is no need to make a big deal out of it, nor is there any need to justify it

I don't defend any gang but you guys need to take a break with your soap opera. It would be great if people could spend the same energy to participate in the forum other than the meta and reputation boards
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