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4361  Other / Off-topic / Re: How the latest twitter hack might be explained by past history on: July 16, 2020, 11:07:27 AM
This topic (Google,Twitter and Facebook security measures and storing of passwords)has little or nothing to do with the discussions about Bitcoin.You should move it out of the Bitcoin discussion forum.
Anyway,I'm glad that I don't use Twitter and Facebook.I'm done with social media.
I was planning to delete my Google account but Gmail,Youtube,Drive and Google Sheets are so damn convenient. Grin I guess I'll stay with Google. Sad
The tech giants will surely take some measures to increase the security and prevent such massive hacks to happen again.
4362  Economy / Economics / Re: Interesting perspective of Investors on: July 16, 2020, 06:47:14 AM
Getting such conclusions out of a Twitter poll created by the FUDster Peter Schiff simply isn't serious.
The 60% of the people,who voted on this poll were simply joking.What's the point of holding Bitcoins until you die,if the price isn't going above 10K USD.Such long term Bitcoin price doesn't provide protection against inflation.
Anyway,I don't think that most of his followers on Twitter are die hard Bitcoin fans,so there's no point discussing this poll.What's makes me curious is why a guy like Peter Schiff (popular gold investor) is so obsessed with Bitcoin?Can't he just ignore BTC and continue with the "buy gold" mantra. Grin

4363  Other / Off-topic / Re: Twitter hackers are So low IQ. - Many Twitter Account Hacked on: July 16, 2020, 06:33:04 AM
Imagine if Elon Musk , Binance, Coinbase, Coindesk, Finex, CZ, Justin and all these other hacked exchange accounts and Influence People were tweet blasting about SEC raids, exchange hacks, funds and Something Bad About Crypto etc.

They could've shorted Crypto Market and will be around $8600/Btc by now. All Alt Coin Will Down.

Because of This type of Hacker Industry show Bad. tomorrow all News coverings This and New Investor will affected

Let me know Your opinion

Spreading such FUD by using hacked Twitter accounts of popular people and companies might have a short term effect on the Bitcoin price.
However,the people aren't that stupid,so they won't trust those Twitter accounts immediately,they will check Google and Facebook,or some news websites.
You know what journalists say:Always check your info by using at least two independent sources of information.
It sucks that Twitter was attacked via this social engineering hack.Jack Dorsey is a major Bitcoin supporter and I'm sure that he will do everything to solve this problem.
4364  Economy / Exchanges / Re: Finally used a bitcoin ATM successfully! on: July 16, 2020, 06:04:03 AM
It doesn't matter if it's via ATM or via online purchasing.The giant transactions fees will always be a problem,when buying Bitcoins.
Traveling 15 miles and paying such transaction fee seems like a big sacrifice. Grin
There aren't any bitcoin ATMs in the region where I live,but if there are some ATMs installed,I'll most likely refuse to use them.
I don't know what to say-congratulations for using that ATM or not congratulating you for wasting your time,money and energy. Sad
4365  Economy / Speculation / Re: Would you buy/use Bitcoin if you knew its price would not reach a new ATH? on: July 14, 2020, 11:42:55 AM
I would definitely buy Bitcoin,because:
1.There are some ways to make profits out of Bitcoin trading,that aren't directly connected to the Bitcoin price.For example,buying gift cards with BTC on Paxful and reselling those gift cards for profit.Some Bitcoin vendors on Paxful are making 8-15% consistent profits out of this and the BTC price fluctuations doesn't matter.This is more like a business,rather than crypto day trading.I consider crypto day trading to be more like a 9/5 job,but without the guaranteed income.
2.I would buy BTC when I'm expecting a decent price growth(not ATH).I'm not greedy and don't consider myself an experienced trader,so I can't predict a possible new ATH.Bitcoin price will most likely stay volatile forever,so there will be more ups and downs,price crashes and bull rallies,which leaves huge potential for new profits.
4366  Other / Beginners & Help / Re: Tell me a reason why I should use online wallet. on: July 14, 2020, 11:17:53 AM
I was having an argument with one guy from the internet. He uses online wallet instead of an offline. I tell him that bitcoin loses its point if you use an online wallet. He's also trying to convince me to use it too because it's more simple than an offline. I doubt. Anyway, I want one, only one reason, that online wallets are better than the offline ones.

The fact that millions of people use blockchain.com pisses me off. I don't know if the majority of users choose online, but they are many for sure.

I won't try to convince anyone about anything.Everyone is free to use any wallet he wants.
Online wallets are convenient for small amounts of Bitcoin.If you plan to keep more than 1BTC somewhere,an offline wallet is the better option.Why are you pissed off by blockchain.com?I've used that wallet last year without any issues.If I remember correctly,you have the ability to save your private keys with Blockchain.com.This feature is a must for every online wallet.
4367  Economy / Gambling discussion / Re: [Opinion Needed] What do you want to see in a gambling site review? || 2 on: July 14, 2020, 06:30:52 AM
The only thing I want to see in a gambling site review is the number of scam accusations.
Was anyone scammed when he deposited coins in that particular website?Was someone scammed,when he tried to withdraw his coins?This is the most important stuff,the rest is just insignificant.
I would gamble on a website,which has bad design and even some flaws here and there,if I am 100% sure that the website is legit and not scamming players.
4368  Bitcoin / Bitcoin Discussion / Re: Upgrade Stole My Bitcoin on: July 14, 2020, 06:09:37 AM
Quote
Hope you will not lose interest in Crypto and will continue to invest in crypto,and use this as a learning experience mate.

Yeah,right.If I was at OPs place and I got scammed losing 3.5BTC I would never look at Bitcoin again(even though it's not Bitcoin's fault). Sad
I don't know whether or not the OP is a Bitcoin noob or not.Having 3.5BTC and putting them in one wallet(even though it's Electrum) is a rookie mistake.
I really hope that he will recover from this loss and make enough money to give Bitcoin a second chance and invest his savings wisely next time.
4369  Economy / Speculation / Re: Where will we stand at the end of pandemic? on: July 13, 2020, 11:57:23 AM
As of now crypto is surviving this harsh period wherein we have seen Bitcoin doing better han expected and same goes with altcoins as well but where will we find ourself at the end of pandemic? If the situation worsens do you think we will get more investment from newbies who might by switching from their traditional investment to a crypto as none of the businesses are going to prosper during this situation so there are chances we will get more investment into crypto or else there are possibilities of massive cashout if crypto decline as the existing players would switch to gold atleast to keep their investment intact.

Kindly share your suggestions

My assumption is that,at the end of the coronavirus pandemic,Bitcoin will stand at the place where it is currently standing.The BTC price will be somewhere around 10K USD(maybe above or maybe below) and nothing will change drastically.The expected army of Bitcoin newbies will never come,because many people will lose their jobs and savings during the recession,so they will try to find a 9/5 job,instead of joining the crypto markets.
The major institutional investors will get support from the central banks,so they won't be interested in investing on the crypto markets.
4370  Bitcoin / Bitcoin Discussion / Re: Cryptocoinopoly - Do you consider it a good idea? on: July 13, 2020, 11:30:06 AM
This looks interesting,but what are the rules?I've never plaid the original Monopoly game.
What about copyright infringement?Won't this Cryptocoinopoly game kinda copy the design of the Monopoly game and get into copyright infringement?
Good luck,if you really wanna try and create an actual game out of the Monopoly concept.
Do you have any experience as a game developer/designer?Creating such game isn't that easy,I guess.
I think that turning this into a gambling game will not be a good move.
4371  Economy / Service Discussion / Is ipayyou.io legit? on: July 13, 2020, 06:05:17 AM
A few months ago I discovered the website ipayyou.io.This website isn't popular at all,despite the fact that it has been around since 2016.I've seen a few positive reviews about the website,but the lack of popularity kinda makes me hesitant to try this service.Basically ipayyou.io is an alternative to purse.io.
Has anyone here used the website to sell amazon gift cards for BTC?Has anyone been scammed by this website? I would like to know your opinions.
4372  Economy / Economics / Re: Maintaining safety measures after pandemic for human -economical- resources on: July 13, 2020, 05:40:45 AM
My response to this will probably be: not everyone's an introvert...

Some people require physical contact from others, some people require conversations with other people to function normally/feel healthy day to day. I think for a lot of people, the past few months is going to be something they won't want to reflect on for a while.
There have been reports of a rise of non covid-linked deaths and I think the UK put the figure at 20000 from people not wanting to go to hospital to people commiting suicide because they're away from people for so long and don't want to go through the uncertainty. Not to mention a lot of socail media and annacdotal evidence of people who thought they wree being helpful by shouting at people for gathering with friends and socialising because they were being radicalised by their work or by the mainstream media (which sought to over dramaticise everything)...

More recently though, the idea of wearing medical grade face coverings after the pandemic is over could be a choice a lot of people will be able to make. Non medical grade stuff, I imagine, will have little effect on anything.



What do you mean by "not everyone's an introvert"? Do you think that introverts like to be alone and isolated forever?Do you think that keeping social distance for weeks can make someone depressed and even force him to commit suicide?
I don't get what's the main idea behind OP's forum thread.The human resources are important for every economy,but it was stated many times that COVID-19 is not that dangerous for young,strong and healthy people.COVID-19 is very dangerous for the old and sick people,which are not a part of the work force. 
4373  Bitcoin / Bitcoin Discussion / Re: A treatise on privacy on: July 13, 2020, 05:20:53 AM
Quote
Privacy is one of the most underrated feature of bitcoin.

But most over-used feature of bitcoin by the scammers, money launderers, terrorists, drug dealers, arms dealers, Child pornography makers, PII sellers, contract killers etc. The list is long and I can write a 1000 words article on it. Those who have no idea what I am talking about, please visit dark web once with proper precautions like VPN and you will understand! Bitcoin literally is accepted everywhere in dark web for all sorts of illegal things. Dark web will open up a whole new world of bullshits in front of you - and yes, all powered by Bitcoin!

Quote
“I don’t need privacy, I have nothing to hide”
“Blockchain is a public ledger where all the informations are completely traceable”
Those are two very wrong and “dangerous ststements”.
Also, is very common, even for experienced users, to trade privacy for some convenience, a nice and easy UX, or some unnecessary feature.

Earlier also, I had a long debate with fellow forum members on similar topic. It's true that blockchain ledger is open for public and every information is traceable there. But that doesn't really matter because even if the information is available, the information owner is not known! So even if we see someone sending millions of dollars using bitcoin, we don't know who is doing that! So the information matters least unless you can link it to an owner!

I am not bitcoin puritan but I really want to see a clean bitcoin network rather than being synonymous to illegal things! Just check the number of financial frauds happened in last 3 years and see how many are connected to bitcoin. Not a good picture, really!   

So for me, this privacy feature of bitcoin is really taking us off-track than bringing us on-track where we can see organic growth among the legal merchants and users. Really sad to see!

Privacy is actually the most overrated feature of Bitcoin.Bitcoin isn't private enough,that's why all the people,who have something to hide are using thirty party solutions,like Bitcoin mixers/tumblers.
Bitcoin has been used on the Darkweb,that's a fact and we can't change it.Actually,almost every altcoin can be used for darkweb transactions,but we are focusing on BTC,because it's the most popular cryptocurrency.
Achieving a scammer-free Bitcoin network is impossible.Cash is also being used by criminals,but we don't blame it for being "scammer-friendly".
4374  Economy / Speculation / Re: Miner's Strike! on: July 12, 2020, 11:55:36 AM
Trying to explain the 10K USD to 9,2K USD price drop only with the miners selling their coins is a big oversimplification.
The BTC halving hype was gone so many traders decided to sell their coins and cash out their profits.
The constant negative news regarding the future of the global economy and the recession also have an effect in creating more selling pressure over the crypto traders.
The miners have less revenue,due to the halving,but the electricity costs in many countries(like mine) went down,due to the recession,so the mining costs went down as well.Based on that,I don't think that the miners will have any problems,that will force them to mass sell their BTC reserves.
4375  Economy / Economics / Re: The Decentralized Economy During COVID-19 on: July 12, 2020, 11:29:32 AM
1.The current fiat monetary system won't be destroyed anytime soon.
2.Decentralized finance is a buzz term,just like blockchain technology,smart contracts and Dapps.
I won't be surprised if the De-Fi projects turn out to be the ICOs of 2020-a bunch of scams.
We all remember how cool and popular ICOs were in 2017.How the initial coin offerings are gone.
We can't automate lending and borrowing.If it was so easy to automate lending and borrowing,all the banks would be 100% online,without any bank clerks and offices.
4376  Bitcoin / Bitcoin Discussion / Re: If Bitcoin is safe-haven, why mirror the price movement of the U.S stocks? on: July 12, 2020, 11:09:34 AM
A "safe heaven" is a financial asset that is considered stable and not risky.Gold is the only safe heaven asset,because the demand for gold will last forever and people will always consider gold as something valuable.
Bitcoin is not a safe heaven NOW,because the BTC market price is too volatile and such investment into bTC is too risky.
The important thing is that Bitcoin MIGHT become a safe heaven asset in the future,as Bitcoin adoption grows faster across the globe.
4377  Economy / Economics / Re: Biggest winner during COVID? on: July 12, 2020, 05:34:28 AM
We are aware that most of the countries economy has gone for a toss and many are at the brink of collapse but who has been the biggest winner of this pandemic? is it corporate medical industry who are charging abnormous fee for treatment or else a particular regime who is silently buying stakes of major groups at lower price during this situation? Do you think this was a man-made virus to destabilize the world's economy and buy huge shares so that a vaccinations can be rolled out once the enough damage is made ?

We are still at an early stage of the coronavirus pandemic,so it's too early to decide who is winning.
It's pretty clear that the pharmaceutical industry is going to be one of the biggest winners,but let's not be so optimistic about the creation of a working vaccine against the virus.
The global recession is a great opportunity for come countries and corporations to buy cheap and undervalued assets,so they are taking advantage of that opportunity.This is completely normal,but I don't know whether or not the virus was created deliberately,just because a part of the global elite wanted cheap assets and more power.
The question about who created the virus will remain unanswered forever,because there won't be enough evidence.
4378  Bitcoin / Bitcoin Discussion / Re: The extended important of Blockchain on: July 12, 2020, 05:18:40 AM
Small farmers in developing countries won't use both financial derivatives(like put options) and blockchain/smart contracts.They simply aren't tech savvy enough to understand the risks and benefits.
What makes you think that smart contracts are better than put options?The few "pros" that you mentioned-lower transaction costs,flexibility,etc. are debatable and still not tested in real life.
I really want the blockchain technology to get implemented in many industries,including agriculture,but what you are writing here is just wishful thinking.
4379  Local / India / Re: Cashaa hacked. 336 BTC Stolen. on: July 12, 2020, 04:49:11 AM
We still don't know if this is an exit scam or the exchange wallet address has been hacked.
I would be very suspicious,if some cryptocurrency exchange platform is keeping all the Bitcoins in a web wallet.The hypothesis of an exit scam should be investigated,even though the Cashaa team reported the theft.
Anyway,this is just another case that proves that we need the creation of fully function decentralized crypto trading platforms,where the users will keep their private keys.
Exchange platforms like Cashaa are no better than any regular bank.They can be even worse than banks.
4380  Bitcoin / Bitcoin Discussion / Re: How was FBI able to locate which Bitcoin wallet is Woodberry's? on: July 11, 2020, 12:05:02 PM
If I understood this correctly, the statement you quoted already answered the question:

Quote
“Records obtained from Bitpay, a processor of cryptocurrency transactions, indicated that between approximately September 18, 2015 and November 29, 2016, the 16AtGJ BTC wallet made five purchases associated with the Gmail account hustleandbustle@gmail[.]com (the “hustle Gmail account”).

“Based on records obtained from Apple, an iCloud account (Subject Account 1) was subscribed to by Jacob Olalekan, listing the 7890 phone number, the hustle Gmail account, and a physical address in Johannesburg, South Africa.”

He pretty much made a purchase through BitPay using the funds that he collected through his scams, and since it looks like he used his personal email(hustleandbustle@gmail[.]com), it was tied to his Apple iCloud account. For a smart guy to pull-off these scams, it looks like he ended up making an amateur mistake in the end.

Not using a Bitcoin tumbler+purchasing via Bitpay and using a gmail account is a big mistake.Hackers don't use Gmail,unless it's some throw away account with fake information.Usually those scammers can be very manipulative and sneaky,but they aren't that smart.That guy mage 6 million dollars out of scamming,so he got overconfident and forgot about some security measures.This is what happens when you use Google and Apple-The police can easily find your personal info.
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