I detest government influence on Bitcoin. Initially, I thought it was anonymous means of transfer of value that I could use to do business with people all over the world PRIVATELY and perhaps no one would know what I'm doing, especially my corrupt politicians. But what we have today is Bitcoin that is increasingly becoming another central bank. Would you find a way around KYC is you could? https://www.cryptoinfowatch.com/privacy-conscious-bitcoin-traders-use-bisq-to-avoid-kyc/Firstly my question to you is that, why you want to run such a business that you want no one to know? I have seen this kind of attitude in my local marijuana seller who wants to keep his business within a very private group of people! I would try to circumvent kyc only if I am willing to run an illegal business. Othersie, it makes no sense to hide it from the society! |
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It's not really a great idea to become overtly over optimistic. Rather it's important to understand the ground reality first! Governments around the world, will never adopt cryptocurrency as the main currency. No matter how many banks fail or how recession cripples our balls! If a reset in economy is ever required, it will be done by Gold and not bitcoin!
I personally would love to see bitcoin reaching 10 million because I would become a billionaire by then and probably be able to buy few lambos or Ferraris! But that's not going to happen!
Bitcoin will remain the king of the parallel economy like it is today. The adoption will increase with time so the value because bitcoin's supply will decrease at the same time! But 10 million dollars is just not achievable!
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To all of the millennials here in Bitcointalk, do you also agree that Bitcoin is a much better option than gold or real estate? As much as I liked real estate, the target market is kinda tough. Unlike Bitcoin, anyone can afford to buy it, even in the form of satoshis. I certainly represent the same group of people but really don't agree with the statement which says - "Bitcoin is much better option than gold or real estate"! Bitcoin's volatility makes it a bad investment asset, but the same volatility also makes it a speculative asset! Whereas real estate and gold is considered mostly for capital protection! So these are two different asset class! This discussion is ongoing since a long time now to understand if bitcoin is better than gold or real estate! But the comparison is itself invalid! |
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There are other currencies like Phoneum and Electroneum which can be mined through a smartphone! Electroneum is around for quite sometime now. So it's not a new concept to the market! Also Phoneum is based on a similar kind of concept like Pi.
However, if you truly believe that such currencies will overtake bitcoin or any other major cryptos in the process, you are living in a fool's paradise!
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This entire bitcoin space breeds greed, envy, fear, and lust. All you of hodling bitcoin are mentally ill. You have been conned into thinking bitcoin is going to the moon. It's not. Charts show bitcoin is bleeding to death. Bitcoin is no different than Bernie Madoff's Ponzi scheme where new bag holders are needed to pay off the earlier investors.
Mass adoption of bitcoin will never occur. Sorry! The price is far too unstable to be used as a form of payment. Businesses would get crushed if they took bitcoin as a payment due to the wild price fluctuations. Then you have to worry about the IRS on your ass to pay taxes. Is hodling worth the stress? Absolutely not. That's why women laugh at bitcoin and think it's a scam. Notice the crypto space is all dudes?
Say what you will about the US dollar, but it's still backed by a democracy and the most powerful military in human history. Bitcoin is backed by absolutely nothing. Gold is backed by 5000 years of history of holding value, and is recognized worldwide. Women love gold. It's beautiful and tangible. A real asset worth owning.
I'm sorry, but you HODL'ers are mentally ill and are going to get crushed when bitcoin collapses in the coming recession. Bitcoin is going to get dumped fast as people need money to pay bills and survive. If you bought bitcoin early and already cashed out with gains, you are a wise investor and have my respect. If you're still hodling, your finances and reputation are on the line here. A reputation with your friends and family you can never get back. Don't risk it. Dump your bitcoin now before it wipes you out!
If willingness to become rich is considered as a mental illness, I am happy to become one! But why do you bother? Btw, have you invested in bitcoin during late 2017? I am sure your ass is paining like hell! Get well soon dude! |
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If traders start to quantify their losses, that will become a source of demotivation! So, as a weekend trader, I don't really quantify my losses! My target is to make profit after combining the results of all trades of the day! I usually make around 8-10 trades every weekend and I try to remain profitable in the cumulative result.
From the trend I have seen that, around 30% of my trades go into losses! But I diligently track every trade so that I can pull out before it digs deep in my pocket!
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Bitcoin ban in US is not possible, especially when then have state laws made favorable for bitcoin and other crypto related businesses! Even though the laws are strict in most states, still it has a regulatory framework given for crypto usage! There are many other countries where no crypto framework is present and the Central Banks have banned crypto related transactions arbitrarily! US already is in a better position when it comes to crypto, so I don't really think they will ever impose outright ban on it!
P.s: Trump can do anything!
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I second the statement of Franky! I am sure that my fellow forum members would ask for the same! So far we have seen a lot of drama around the true identity of Honorable Mr. Nakamoto but none of them could provide a signed message!
True Satoshi must posses the key associated with bitcoin's first ever mined block or what we call Genesis block! So he can simply sign a message with that key to prove who is what (only if he is willing to be revealed)!
Simple!
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Case update:
Another temporary breather just got extended! Till the time, the case is extended, we continue to get such kind of breathing spaces! RBI is expected to act arbitrarily, as well as the religious government of India! I hope someone clubs cryptocurrency with Cow or religious sentiments somehow! Then only we can expect to have it legal here! |
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Real use case is different from real use case, some are good and some are not, every one keeps talking about their own understanding of real use case, if you ask rich men where they get their money from 80% and above will say real estate and businesses , now how about a real estate investment where you can only invest using an utility token? this is a 100% valid real use case on my watch, they can't go wrong, do your own research and if you have another example of high rated real use case do not hesitate to drop, thanks
What exactly you are trying to establish? Is it a promotion of an utility token which invests in real estate? From an investor's point of view, real estate has been a safer investment vehicle excluding few exceptions! But how can you ascertain that a token company is indeed investing in real estate and how can you ensure the integrity of their claim? Please address the concerns! |
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It's definitely unprofessional! But I would like to focus on few points raised by you! This is why I never stored any funds on bank (or even consider saving there). I keep them in my hardware Bitcoin wallet to ensure that I will be in full control and no one does. Great! But how do you spend on your daily life? Like buying groceries or buying medicine or eating out? If you stay in Japan, then it's easy for you but if you are not staying in Japan, then how do you actually spend your bitcoins? This is another reason why people like us should consider an alternative by storing our hard-earned money on a crypto wallet that no governing body or bank is controlling my funds. I believe this is now the right time for those who are still skeptical about moving funds from bank to Bitcoin. They just need to be educated and spread the word about Bitcoin to enlighten their minds and swallow their pride. There's no challenge in understanding or educating the people and pitch them cryptos. But the main challenge is with spending! In today's world, it is impossible to live in an urban area without having a bank account. Majority of the countries have local laws that prohibits its citizens from keeping cash beyond a certain limit! So when you are soliciting for not keeping a bank account and use only bitcoin, please let us know where to use it for daily expenditures! I too strongly belive in using bitcoin instead of having a bank account! But the ground reality doesn't support such initiatives! We are still at the mercy of banks! |
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Since there are hundreds or even thousands of Cryptocurrencies out there around the world, I am rather interested in what are the processes of creating a new cryptocurrency. I’m interested in things like how do people decide when to make new cryptocurrencies, what are the logistics in making the new coins and how do they promote their new coins to the public or certain groups of people in order to facilitate its usage.
Creating a cryptocurrency is not a big task really! If you are good in coding, you can do it easily! Or you can hire a programmer to do it for you for just few hundred bucks! You can hire a website designer to create a nice looking website for you for another hundred bucks! However, marketing that crypto and making it useful to the people is the hardest part of the entire process! That's why we see thousands of projects but 99% of them has no/little value! Remember, people don't really want to use two different cryptos for doing two different things! So don't just create a cryptocurrency just for the sake of creating one! Do it only if you have a feasible business reasons around it! |
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The article is using a misleading subject line. Associating Satoshi's name with ponzi scheme is not at all acceptable and we should flag such articles instead of promoting it!
Ponzi scams was an industry before, operating in the name of HYIP. Since the regulatory forces started cracking down on such scams, they were quick to adopt new technologies like cryptos and cleaverly disguised their scams to look like a crypto associated business! That has been going on since the inception of the concept called ICO! Educating people is the best chance to avoid such scams. Such things will keep on coming to the market!
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Very detailed list though some are not familiar to me (they might be new), so I probably analyze the list and if I see opportunity will try to get in and keep myself updated about the project you listed mate. Cryptomarket is too big to explore in a day, everyone should at least spend more time to see what’s the market has offer to you.
I would like to know your impressions of the platforms, as well as your experiences within them. Excellent list OP! Frankly, I wasn't aware about almost half of them. Now I am going to try them all, one by one! Can you please make few changes in the main thread and make it look like a table? Similr to the one below, https://bitcointalk.org/index.php?topic=615953.0If you can do that, we can surely go to the Moderator and request him to make it sticky! It's a very useful thread! |
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Protonmail and bitcoin, both have created for one major feature - Privacy! One of Protonmail's USP is Anonymous Email service. Bitcoin's one of the major pillars of strength is anonymity. It's no wonder that they have been accepting bitcoin as a method of payment. However, I doubt that they are accepting it since 2014. See the below link, https://protonmail.com/blog/bitcoin-secure-email/It's Protonmail's own blog where they have announced that bitcoin is officially added as one of their payment methods. See the date of posting the article, it show as August 2017. Now if they are saying 2014, they are contradicting their own announcement. But yes, more such service will definitely help bitcoin to become the official currency of Internet as envisaged by Satoshi himself! |
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As my fellow bitcointalk member alyssa85 pointed out correctly, it's not a bailout scheme! It's a simple short term loan given out to the companies with temporary liquidity crunch! Whatever money FED will give out to these companies, will receive more in return! That's very normal in any mainstream economy! What shocking in this entire news is, the amount of money is being lent out and the amount of over subscription! These is a small sign of looming economic crisis!
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I have a question to all of you guys here. Do you agree with Alan Greenspan’s statements about central bank cryptocurrencies are being pointless?
For me, central bank cryptocurrencies does promote the industry that we’re in. However, “central” is the main concern where “Big Brother” is always watching unlike being decentralized. From the perspective of streamlined economy, Central Bank issues digital currencies are not entirely pointless! There are major benefits to it from the governance point of view. It saves huge amount of costs for the government because they won't have to physically print fiat currencies! Also the less number of cash is being used in the economy, the better the governance! It will help them to identify illegal transactions quickly and efficiently! So if you look from government's perspective, it's certainly beneficial! But it's pointless from the perspective of a privacy oriented common man! |
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One of the reasons why such games are yet to available in this crypto gambling industry is that it is hard to impement provably fair system on such games while we all know that provably fair is a must in this crypto gambling industry. Provably fairness is required when we are gambling against the system! When it is a skill based game and one person is gambling with another person, why is it required? This kind of games just requires a strong anti cheat system which can detect and block bots! Need a system that ensures that a human is playing against another human and not a robot! The other reason could be related to "earning" for the owner. Such game requires owner to build a great website which may cost a lot of money but the owner will be hard to earn as it will be based on small fee. Owner will have to take a small percentage based fees based on the gambling amount. I understand the fees will be small but if you compare the popularity of such games, a small fee can fetch a great amount of profit. To get an understanding of the popularity, see the number of downloads of 8 ball pool game in Google playstore. If we can manage to get 10% of this number, it won't take time to become a million dollar business! Also it is hard to manage a pvp based game as it costs a lot of money for promotions to gain traffic. I still doubt that you'll see such game in the near future in this crypto gambling industry. Nope! Then how come these games are managed to stay afloat without having any gambling elements to it? They even have millions of free players who didn't ever buy anything from them! Still they manage to make huge profit. Gambling business is changing for better and I am sure I will see similar games in crypto platforms in very near future! |
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It would be really great if you can introduce some skill based gambling games into crypto market. I have been searching for such games for a long time but unable to find any! For example you can look at 8 ball pool or carrom game. You can even look at games like clash royale! These are all skill based games and widely played across the world. But crypto gambling is not yet available in such games! If you can introduce such games, I am sure it will be a greatly accepted by the crypto gamblers!
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