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4381  Bitcoin / Bitcoin Discussion / Re: Bitcoin - Revolution or Evolution ? on: July 11, 2020, 11:31:22 AM
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Did Bitcoin just evolve to satisfy the masses or was the whole project hijacked by the Puppet masters from the traditional Fiat system to stop the revolution and the inevitable change of money as we know it?

Who are the "puppet masters of the fiat system" that "hijacked" Bitcoin?Can you name a few?
I think that Bitcoin wasn't hijacked by anyone.Rover Ver and Craig Wright tried to hijack Bitcoin,but failed miserably,so they hardforked Bitcoin and created BCH/BSV.
During the last few years,Bitcoin turned more into a speculation investment asset,which isn't necessarily a bad thing.The core concept Bitcoin hasn't been changed by anyone,so Bitcoin can still be used for funding projects like Wikileaks.
If you ask me,evolution is a better process than revolution.All the revolutions usually end badly. Grin
4382  Bitcoin / Bitcoin Discussion / Re: Everyone should read this Bitcoiner's story on: July 11, 2020, 06:47:31 AM
Bitcoin changed the life of every person,who got involved in the crypto world.It's good to know that Bitcoin can actually help refugees in terms of getting a job and making money,and also sending funds overseas to their struggling families.
By the way,there's something missing in this article.
I read that this guy was maintaining the Facebook page of some Egyptian software engineer and early Bitcoin adopter.That doesn't mean that this guy from Syria owns or trades Bitcoins.Does he own or trade BTC?There's no clear explanation how and when he discovered Bitcoin and when he started to maintain the FB page of the Egyptian guy.
4383  Economy / Economics / Re: How long will it take banks to phase out physical cash completely? on: July 11, 2020, 06:31:27 AM
As we enter the digital realm due to the effects of COVID-19, the process of central banks phasing out physical cash from existence might take place soon. Before the outbreak, we've been accustomed in using credit/debit cards and contactless payments greatly eliminating the need for physical cash. Now that we're in a "COVID Era", things have accelerated quite a bit. Banks and governments are in talks of adopting CBDCs which could completely eliminate the need to pay for things with physical cash.

Now the real question is, how long will it take banks to start the transition from physical to digital cash (CBDC)? Do you think that physical cash will still be used right after governments adopt CBDCs in their entirety? Or will it take decades before every single person in the world stops transacting with physical cash, paving the way for a full-fledged cashless society? Your input will be greatly appreciated. Smiley

The idea of a cashless society isn't good.A cashless society isn't gong to be some utopia,it will be a dystopia.It will turn people into slaves.I'm a cryptocurrency supporter,but I don't want a cashless society.
Anyway,no central bank in the world is currently stating that it will dump paper money.The CBDC projects don't necessarily mean that central banks will dump paper money.
The transition from paper cash to a cashless payment methods is going to be pretty fast and easy,but only in the developed countries in the western world and the far east of Asia.
4384  Bitcoin / Bitcoin Discussion / Re: Bitcoin Reaches Record High Correlation to S&P 500 on: July 11, 2020, 06:10:25 AM
So Bitcoin having a high correlation ratio with a stock index is supposed to be a good thing?Why?
I think that Bitcoin and the cryptocurrency markets in general are supposed to act different than the traditional stocks markets.When the stock markets goes down,the crypto markets should go up,because the investors should be selling stocks and buying crypto.This isn't happening right now.
The people who say that Bitcoin is boring simply don't know what they are talking about.
4385  Economy / Trading Discussion / Re: Binance compared to other Crypto Exchange. on: July 10, 2020, 11:48:51 AM
Regardless of who is on top right now, remember that no service lasts forever. Love the service but don't love the company. If they start giving you crap, then leave straight away.

That's right.The crypto exchange business is extremely competitive and one wrong move can make your customers run away from you right into the competitors.
In the future,at some point,all crypto exchange platforms are going to look exactly the same,in terms of features,transaction fees and the horrible ID verification process.The only thing that could possibly add value will be the customer support and how they are treating their customers.
Having millions of customers means lots of money and effort spent for a good customer support team.SO far Binance is OK with providing customer support.Let's see what will happen in the future.
4386  Economy / Economics / Re: Government+cryptocurrencies on: July 10, 2020, 11:33:56 AM
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To make our economy stronger we need Government to give full support to cryptocurrencies

How is that going to happen?We don't have the power to control our governments
The only way is to vote and help for electing politicians that are cryptocurrency-friendly.I can't see this happening.
The Governments and central banks will never fully adopt cryptocurrenices,because:
1.Cryptocurrencies are making tax evasion easier.
2.Central banks will lose control over the monetary supply.
3.Governments will lose the "inflation tax" extra revenue.
There are more reasons on the list,but this topic has been discussed before,so there's no point of starting it again.
4387  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin smart contracts are not developed? on: July 10, 2020, 11:14:29 AM
Can you mention a purpose or function,that would make creation of Bitcoin Smart contracts needed?
Can you mention a problem inside Bitcoin Core,that could be solved with smart contract?
Smart contracts are simply a buzz term,just like many people consider blockchain technology to be a buzz term.It's cool,new and innovative technology,but can it solve a particular problem?Maybe,or maybe not.
Will Bitcoin smart contracts make Bitcoin Core better?Maybe,or maybe they simply aren't needed.
4388  Economy / Economics / Re: What they mean whenever they say Bitcoin was born in the wake of 2008 recession? on: July 10, 2020, 06:27:38 AM
Another wave of recession is currently building up, analysts have predicted that the upcoming recession will be more than what was witnessed in 2008. without saying, it is clear that the Bitcoin price movement largely mirrors the United States stock price movement. This implies that a heavy fall in the stock market has a high propensity to plunge the price of Bitcoin.

This further implies that, when recession kicks in, those running away from the stock market will possibly not see Bitcoin as an option. What then is the purpose of Bitcoin whenever they say "Bitcoin was born in the wake of the 2008 recession" or is it just a mere saying?

Yes,Bitcoin was born out of the 2008-2009 recession,but that doesn't mean that Bitcoin is a financial asset,that is guaranteed to protect people's savings in case of a recession.
When Satoshi Nakamoto created Bitcoin,he wanted to create a currency that is free of the central banks and their control and monetary policies.I assume that he wasn't thinking about markets,investments,safe heaven and prices.
The 2007-2009 financial crisis was more or less caused by the US banking system and the Federal reserve system.Satoshi created Bitcoin as an alternative to this.
The current crisis isn't caused by the fiat money system,but the FED can make it worse.
4389  Bitcoin / Bitcoin Discussion / Re: When Bitcoin Must Be Inherited on: July 10, 2020, 05:38:09 AM
Over the past decade, the number of Bitcoin investors and other types of crypto assets has grown tremendously. Based on data by Coinmetrics, there are currently around 12 million Bitcoin millionaires in the world. However, there are those who die every year, without heirs who can access Bitcoin. The amount reaches 4 million Bitcoin (around US $ 40 billion), according to Coincover.
Meanwhile, based on the results of a survey by the Cremation Institute, of 1,150 respondents, 89 percent of them are very worried about losing their crypt assets. However, only 23 percent have a specific plan to pass it on to the closest person, for example to their husband, wife or children.
I think this is a very good idea, and I hope that someday there will be a crypto exchange and a crypto wallet that provides inherited features, so users will be safe and comfortable.

12 million Bitcoin millionaires???Are you kidding me?
The entire amount of Bitcoin users worldwide is around 12 million(maybe less) and you are writing about 12 million BTC millionaires.This is most likely fake/wrong data.
Anyway,if less rich BTC users plan to give their crypto wealth to their kids,more BTC will stay inactive after they die,which means that the total BTC market supply will get even more limited,which means that Bitcoin price has a better chance of going to the moon.
I usually don't care about what the rich people are going with their assets,so this topic isn't that interesting to me.I will always stay poor...
4390  Bitcoin / Bitcoin Discussion / Re: Brock Pierce running for US president - Any thoughts? on: July 10, 2020, 05:18:30 AM
It's pointless to imagine such thing,because it will never happen.
His goal is not to become a president.He wants to draw some attention to himself (for some reason)and he wants to get some donations.I can't think of other reasons why would somebody want to run for president,knowing that he has zero chance of wining.
By the way,this is old news.It has been discussed in the forum yesterday.
4391  Economy / Trading Discussion / Re: Bitcoin Q2 2020 Performance - Price Gained 78% from March's Plunge on: July 09, 2020, 11:47:34 AM
The trading volume data is way more interesting than the fact we all know-Bitcoin price recovered from the March price crash.Why the hell the Bitcoin trading volume is 20% in Q2 than in Q1?
Isn't the COVID-19 crisis and all the quarantines and lockdowns supposed to drive more people into more "make money online" activities and therefore investing in crypto?
It's weird that the price recovered,but the trade volume is slowly going down.I think that the decrease of the trading volume is the main reason why the Bitcoin price volatility is so low during the last few weeks.
I just don't know why there's no army of newcomers that wants to join the BTC community and use Bitcoin as a safe heaven.
4392  Bitcoin / Bitcoin Discussion / Re: Cryptocurrency mixing services do more harm than good to blockchain technology on: July 09, 2020, 11:20:56 AM
A mixer (or tumbler) blends various types of theoretically recognizable cryptocurrency. This increases transaction confidentiality, because it allows tracing bitcoin difficult. The owner of Bitcoin sends the money to the mixing machine, exchanging it with that of other users and sending the combined cash to the requested address, ensuring there is no relation between the initial transaction and this address. Settlement sums should be chosen arbitrarily and the settlement consists of several tiny partial payments distributed over a longer period of time.
Such services are widely used by scammers such that they do not get traced.
Do you think mixing services are harming the adoption of the technology ?

It's no secret that mixing services are mostly used by scammers.What's weird about them,is that most mixing service websites state in their Terms of Service that using the mixing service for illegal purposes is not allowed,even though we all know for what purpose those services are being used.It's like giving a bottle of whiskey to an alcoholic and saying "Don't drink the whiskey!"   Sad
BTC mixers are going harm to the BTC community in two ways:
1.By creating a bad image of Bitcoin as a scammer/criminal friendly cryptocurrency.
2.By scamming people and stealing their coins.
4393  Alternate cryptocurrencies / Altcoin Discussion / Re: Wine company using blockchain to eliminate fraud and secure authenticity. on: July 09, 2020, 05:58:27 AM
How is it different from a centralized database that also stores and tracks ids of their products? A lot of companies that have to deal with scammers counterfeiting their product were using these methods even before blockchain was invented. And what would stop scammers from doing the oldest trick in the book - copying the identifier of a genuine item and slapping it on their fakes?

That's a good question.I guess that every "identifier" will have some unique code that can be verified by the blockchain.The code should be verified only once and duplicated use of such code means that the product is fake.That's just my assumption,I'm no expert.
In the land of counterfeit goods-China,with all the counterfeit clothes and electronics,which are exported around the world every day,there's also counterfeit wine.I'm not surprised. Sad
I'm not an optimist about this blockchain technology being used to stop fraud.The fraudsters will always find away to outsmart the technology.
4394  Alternate cryptocurrencies / Altcoin Discussion / Re: 60M$ Worth Bitcoins Moved to ETH on: July 09, 2020, 05:41:07 AM
The Synergistic theory about both cryptocurrencies helping each other is pretty interesting,but I can't see any real proof that this theory actually works.60M USD is a very small amount,so there's no way such small amount can have any substantial influence over the crypto markets.
I've always though that the Bitcoin price growth is pumping the prices of all the other altcoins,but all the altcoins can't help for pumping the Bitcoin price.There's no "reverse correlation",if I can use this term. Grin
The "which one is better" dispute is kinda pointless,because BTC and ETH are different.Each one has different pros and cons.It would be nice if both coins help each other and exist in some sort of collaboration,but I don't see this happening.
4395  Economy / Economics / Re: Rising tensions and effect on global trade on: July 07, 2020, 12:27:07 PM
To summarize the situation-No country in the world trusts China anymore.
China has been acting pretty sneaky after the coronavirus pandemic.They simply want to spy everyone.
I don't think that the upcoming trade war between India and China will have any impact over the global trade.
90 billion dollar import is not such a big amount.
India will slowly decrease it's dependence from Chinese import (by using the good old protectionist policies of reducing the import and stimulating domestic production)while China might become more isolated from the rest of the world-both economically and politically.The western countries will soon follow India's example.
4396  Bitcoin / Bitcoin Discussion / Re: Band-aid solution for the bitcoin.org dilemma? on: July 07, 2020, 11:48:16 AM
Shower thought, would it be a good move for theymos to copy all content from bitcoin.org and serve it through bitcointalk.org, and move the forum to forum.bitcointalk.org?

Copying content can only happen with the permission of the authors of the mentioned content.
I don't know who owns all the text content,that's posted on a forum.The forum owner/admin or the members,who are creating the content?I've never though about this question so far.
I think that forums fall under the Web 2.0 category,alongside article directories and websites like Medium and Hubpages,where all the articles created by the authors become property of the platform(If I remember this correctly).
Anyway,Bitcoin.org will be just fine and I don't think that Cobra is going to abandon that forum anytime soon.
4397  Bitcoin / Bitcoin Discussion / Re: Scam Victim in need of help! on: July 07, 2020, 06:33:01 AM
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Got a call from someone claiming they're from the government telling me there's fraud, drug trafficking, and money laundering investigations under my name using my SIN. Told me there's a warrant for my arrest. I was told i needed to clear out my accounts as proof that they belong to me, then requested i deposit it into this bitcoin ATM machine to "Secure my funds" and then it will be sent back into my bank account once the issue was resolved.

I real police officer or government official would never tell you to do such thing.They will most likely issue some court order to block your bank accounts and directly visit your home to arrest you,instead of calling you on the phone,saying that they will arrest you.This is some really stupid and nasty scam and your Bitcoins are most likely gone forever,OP.
You should call the real police and give them the phone number of the scammer.
There's nothing else you could do.They might track the scammer using his phone number.

4398  Bitcoin / Bitcoin Discussion / Re: Does bitcoin need an addition of a safety feature? User friendly? on: July 07, 2020, 06:08:53 AM
OP,your forum thread is all over the place.Lots of text and I can't see a clear thesis or a clear question.
What do you want to say or ask?From what I read,I assume that you want the Blockchain developers to implement some "safety feature" that will chase scammers and protect the legit Bitcoin users.Is this what you want?The only safety feature I can think of is a mechanism to refund the coins stolen from victims of scams,but this will never happen,because it will break the blockchain and the core concept of Bitcoin.
Every person in the crypto world should be aware of the different types of scams,should always use escrow and always trade with trusted people,who have vouches/positive reviews.This is the only way to reduce the number of people,who were scammed.
4399  Bitcoin / Bitcoin Discussion / Re: Can you hide your identity with bitcoin? (100%) on: July 06, 2020, 11:34:35 AM
Yes, you can if you want to. You can completely hide your identity that didn't directly link to anyone's personal identity. But if when it comes transaction there is a possibility that can be traceable or can be tracked. I heard there are services offered who can track Bitcoin transaction in illegal use or any cybercrimes related cases. Chainalysis can investigate and provide blockchain data that possible transactions can be tracked.

So, if you want to protect your personal identity and privacy in Bitcoin transactions you need to do the hard task, and these what you need.
  • Use Bitcoin mixing service
  • Use TOR to stay anonymous
  • Buy/Sell Bitcoin in cash, not on the exchange that required KYC
  • Use VPN to protect your IP address
  • Use New Bitcoin address for every transaction
These might improve your anonymity.

Nope,I don't think that you can completely hide your identity online.Here are my tips:
1.Bitcoin mixers are a must for anonymity,but be careful,because some mixer might steal your coins and scam you.
2.Tor is overrated.Most of the Tor nodes are watched by FBI.Combine Tor with a paid VPN.
3.Use TAILS operating system.Combine with Tor/VPN/Socks5 proxy
4.It's OK to use exchanges with KYC,but the outgoing BTC transactions have to go to a BTC mixer first.
5.VPNs are OK,but use a paid one.Free trials and free VPNs usually suck.
6.New BTC address for every transaction is a must.
7.Use Duckduckgo as a search engine and Protonmail as an email address provider.Completely abandon Google,because the big G is tracking all your online activities.
4400  Economy / Trading Discussion / Re: Three basic Market Analysis to Becoming a Successful trader for Newbies on: July 06, 2020, 11:12:34 AM
Basically,sentimental analysis is a part of fundamental analysis,so there's no need distinguish them.
How can you study "investors,whales and market manipulators" since most of them are hiding in the shadows and keeping their moves as a secret? Do you have some secret insider information about some crypto whales,OP? Grin
Learning technical and fundamental analysis might help you,but this is just theory and theory is nothing without practice.You can still fail at crypto trading,even if you mastered technical and fundamental analysis.
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