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441  Economy / Gambling / Re: 🔥 BITSLER.com 🔥 CASHBACK 🌟 NEW LEVELS 🌟 NEW RANKS🌟 CHEST PRIZES OF $35,000 💰 on: July 31, 2019, 06:50:31 AM
I meant that most alt-coin these days besides BTC are used purely for speculation. You got big alts like TRON and ADA and do they really have any utility?

You can't go to a Tron ATM and withdraw or sell for fiat, you can't even go to a Bitcoin ATM and trade ETH which is the #2 market cap coin.

So when its added to an gambling site such as Bitsler then it gives it utility other than speculation and people can actually gamble with it.

being able to withdraw or sell to fiat is not a utility. these coins don't have to have that to be considered useful. for example TRON, ETH,... are providing smart contract capabilities on their platform and that is their usage. now IF they were used to create a smart contract in real world that were actually used to solve something and not just useless ICO tokens then we can call that utility, otherwise they remain useless no matter what their market capitalization size were.

addition to a gambling site can be considered a usage but it is such a small thing in big picture that you can't really list it under their utililties.
442  Economy / Speculation / Re: Bitcoin price will go below 100 $ and then > 1,000,000 $ on: July 31, 2019, 06:39:15 AM
sorry to disappoint you but if you missed the chance to buy bitcoin many years ago when it was $100, you have missed that chance for good. if you missed the chance to buy bitcoin below $8k in this year's dip then you have missed that chance for good too. price will not go down specially that low unless bitcoin were dead. in other words if price fell to $100 ten it would also fell to zero and die. there won't be any recovery so don't be greedy Wink

Yes, after solving 'shalecoin'

stop inventing words Cheesy
443  Bitcoin / Bitcoin Discussion / Re: Bitcoin & Lightning - Would you pay for coffee instantly if it was possible? on: July 31, 2019, 06:28:17 AM
no, but the problem with your question is that usually these questions focus on two ends of the things you can buy, it is either coffee or a Lamborghini! the thing is, there is a ton of other things in between. so no i won't use Lightning Network to pay for coffee ever. but i will use it for high frequency payments where i need to make a payment fast and safe and also receive it just as fast. for example when i trade specially in altcoin market that it is crypto versus crypto exchange, LN can be a fantastic tool if it gets adopted more.
444  Bitcoin / Bitcoin Discussion / Re: If you could rename Bitcoin what name would you give it? on: July 31, 2019, 06:19:38 AM
don't bother.
for 10 years there has been more than 10000 coins with as many names created and none of them had a name nearly as good as bitcoin. it just says it all! there are some altcoin names that come close like Dogecoin but only because they describe the purpose of the coin well enough (joke coin).
445  Economy / Speculation / Re: why Bitcoin sudden dump, when it will bounce again... on: July 29, 2019, 08:32:18 AM
i seriously doubt that there would be any difference between Libra and PayPal. in my view they are exactly the same thing and people (the end users) don't care or even notice what the underlying technology is, whether it is a simple database (aka PayPal) or a blockchain (aka Libra) in the end they will be having an account linked to their identity on a website controlled by a company that acts as their "online bank".
and i don't think they are going to put any kind of links between their coin and bitcoin, their website, their paper,... don't even mention bitcoin. not to mention that it will be centralized.

Libra is similar to what XRP is today, but then even more centralized. You will have your private keys, and you will be able to store your funds offline. PayPal does not offer you that in any shape or form. That's where Libra and financial institutions such as PayPal differ on a fundamental level.

As far as being linked to Bitcoin goes, that will happen through crypto exchanges where they already offer support for USDC, USDT, PAX, etc. Libra will be the next one to enter the list of stablecoins. It will help prop up Bitcoin's price and make sure capital stays within the system just like how capital in the aforementioned stablecoins stays within the system.

but XRP lets you do all those things like having a wallet and storing your private keys on your own because they want to pretend that they are decentralized. if you check out their statements it is always in the same manner. you can also run its wallet and stake it. it is proof of stake afterall.

but Libra is not like that, they are not hiding their centralization and they won't let anybody near the "blockchain". it will be a private ledger for them which means you won't be able to actually have a "wallet" and if you store your private keys it would be like storing your facebook password on your own! which is why i consider it similar to PayPal.
446  Alternate cryptocurrencies / Altcoin Discussion / Re: John McAfee Claims, the U.S. Has No Real Power in Controlling Cryptocurrency on: July 29, 2019, 08:13:41 AM
Crypto experts john McAfee
McAfee is NOT an expert in anything let alone about bitcoin. he is just a weasel that is taking the opportunity to gain some fame and then make money from his misleading advertisements where he pumps shitcoins or gets paid to advertise scam projects.

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Bitcoin is under pressure from the U.S. and its price reflects it.
no it is not. US is putting pressure on Facebook and their coin Libra which has nothing to do with bitcoin.
not to mention that this price action is normal and is the same pattern that we always have after the initial rise after the bubble burst ends.

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But the U.S. has no real power in controlling CryptoCurrency. Just watch.
that is an obvious statement!
anything that is decentralized like bitcoin can not be controlled by any centralized body such as the government. so they have no power in it.

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A week from today Bitcoin will continue its meteoric rise.
bullshit. there is no way anybody could predict when this sideways market and accumulation would end.
447  Other / Beginners & Help / Re: Is it safe/dangerous to sell if the wallet gets to valueable on: July 29, 2019, 08:00:25 AM
1. How do I sell my bitcoins without any noticeing my wallet and who I am? Should I always use a vpn when sending a transaction?
it depends on the type of wallet you are using!
if it is a full node then using VPNs and TOR are good options for increasing your privacy but if it is an SPV wallet, a web wallet or worse of all a custodial wallet then your privacy is reduced in order of the types i listed here. hiding your IP doesn't do you much.

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2. Is there criminals that searching in blockexplorer (or in another way) to find a wallet like mine and then searches up those ppls in the real world and threats them to their life?
they have to be able to link the "coins" to the person. as long as you are not advertising your identity online and not linking it to your address you could be fine.

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3. How do I best sell / splits up my wallet
sell on exchanges, and if you have large amounts split it among multiple addresses (like 10BTC per address).
if you decided to sell face to face then make sure to do it in a public place and bring someone with you as "bodyguard"!

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4. Can I trust the exchanges? They have my personal information.
not so much. they are hacked all the time and some of them are shady enough to sell your information online! specially the big altcoin exchanges.
448  Bitcoin / Bitcoin Discussion / Re: Why Ethereum Architecture is Flawed (compared to Bitcoin) on: July 29, 2019, 07:48:50 AM
any project that copies bitcoin technology can never be better than bitcoin. that can never change no matter what changes they make in the protocol. and the fact is that even though ethereum may look different and new but it is a copy of bitcoin! it uses the same proof of work algorithm but with a different hash function!!! it uses the same blockchain architecture with a different difficulty setting. it uses the same script settings with slight differences.
the fact is that Vitalik was pushing bitcoin towards having all these features back in the days (you can even find his arguments online) and it was rejected since bitcoin is a currency not a platform for silly things. so he copied bitcoin and created ethereum.

that article has some points in it but in my opinion it is exaggerating a lot of things. for instance bitcoin may not be the fastest option or the most efficient thing but it is far from being slow and inefficient.
449  Bitcoin / Bitcoin Discussion / Re: Crypto Ban Hearing Slightly Delayed by Supreme Court of India on: July 29, 2019, 07:38:13 AM
nowadays it is becoming extremely hard for countries to outright ban bitcoin because the adoption has been happening for 10 years and although it is not yet that big but it exists. and also the rest of the world has somewhat accepted bitcoin so if one country like this bans bitcoin they will only make themselves as an "exception" in the whole world. i don't think people would like it or even pay attention to such bans specially when it comes to something fully decentralized like bitcoin which they can not really control.
450  Alternate cryptocurrencies / Altcoin Discussion / Re: Better adoption rate for ETH on: July 28, 2019, 09:11:50 AM
i don't think we can call that "adoption", the only thing that can happen is a new group of speculators that would want to earn some free money which they could dump and make profit. in short term the price can get pumped due to this surge but as we move forwards the sheer amount of "free money" they get and the unlimited supply will start to show its pressure on the market and start reducing the price again.
as a result of that large and prolonged dumping the same speculators sell and get out while taking a lot of other investors out too as they also lose a lot of money. so the price will see bigger crashes.
451  Alternate cryptocurrencies / Altcoin Discussion / Re: Any altcoins that are Standalone? on: July 28, 2019, 08:57:44 AM
Can someone give a a few list of altcoins that doesn't depend on bitcoin and ETH,the coins that are stand alone and only surge in value on their own?

that is two entirely different and independent questions.
lets start withe the second one: altcoins that don't get dumped each time bitcoin rises or falls?
there are no such altcoins unfortunately. all of them are affected by bitcoin price because the investors treat all of them as tools to increase their bitcoin wealth so logically they all move to bitcoin market each time bitcoin is making a move either up or  down.

the first question: altcoins that are standalone and don't depend on bitcoin or other altcoins?
it is easier to categorize them instead of giving you a list since there are nearly 3000 of them. basically for bitcoin any coin that is using the Omni layer is depending on bitcoin network and can technically be considered not-standalone. there are others like litecoin, bitcoin-cash, .... that copy literary everything from bitcoin and they can also be considered not-standalone.
as for altcoins, usually any coin that is considered a "token" and is created on a "smart contract platform" such as ethereum, waves,... are not-standalone.
everything else can be considered standalone.
452  Economy / Speculation / Re: Think of Bitcoin Financially on: July 28, 2019, 08:08:59 AM
I am not a newcomer, you have no clue how hash rate works. You have no clue how difficulty works. If you "assessment" was correct then the week that btc was up 40% the hash rate would have followed 40% up in a week. You have used no data. You have used no actual bitcoin infrastructure (ASICs). You are a manipulator.

you are a newcomer otherwise you wouldn't have made such ridiculous claims.
hashrate rises when new miners enter the space, it requires them to either already have ASICs and turn them on or go buy some and start using them to mine bitcoin. that takes time so you can't expect hashrate to just jump each time bitcoin price jumps! it will slowly rise right after the price rise. and if you look at the hashrate charts versus the price you could clearly see that!

it is interesting that everyone is disapproving your whole speculation and yet you are hostile towards everyone and at the same time want to sell your services!!!
453  Bitcoin / Bitcoin Discussion / Re: Satoshi IP address on: July 28, 2019, 07:57:25 AM
If Satoshi becomes know then bitcoin is dead. It defeats the entire purpose and reason for bitcoin. If the creator cannot stay annonomous the currency has failed.

i think you are very confused about the "purpose" of bitcoin!
it has never been anonymity and nobody has ever made such claims specially the creator (Satoshi Nakamoto). in fact bitcoin is the most transparent currency in existence. all it provides is privacy.
and the "reason" for creation of bitcoin was to cut the middle man aka the centralization.
454  Bitcoin / Bitcoin Discussion / Re: Bank Of China Is Promoting Bitcoin And It Sounds Very Bullish! on: July 28, 2019, 07:47:09 AM
i thought this was some tiny bank which wasn't even located in China as news such as these usually are! but with some search it seems like it IS a state-owned bank and it is one of the biggest ones. in fact it was the fourth largest bank in the world in terms of assets! and it is located in the heart of China
http://www.boc.cn/en/aboutboc/
https://en.wikipedia.org/wiki/Bank_of_China
and that makes this whole news even stranger
455  Alternate cryptocurrencies / Altcoin Discussion / Re: Mining altcoins doesn't make sense Anymore on: July 27, 2019, 06:49:03 AM
i am not sure how that El. Cost column is calculated, it says 1 day and the cost is $0.52! how much is your electric cost in KW/h? if that is low enough then you can make good profit but if it is medium and high then you will have a hard time at the moment.

so your only option is to wait for the altcoin pumping season to begin so that you can make  big profit from the pumps not from mining itself. meaning you mine some shitcoin for small profit but don't sell, wait for when it gets pumped hard and then dump it to get the bigger profit that way.
it is a risky move but it can be more profitable too.
456  Alternate cryptocurrencies / Altcoin Discussion / Re: Reject Facebook Coin And Libra: An Open Letter to Our Non-Crypto Friends on: July 27, 2019, 06:23:54 AM
Libra might be a complete opposite to what cryptocurrency originally means, but it will surely give crypto world a new breather. Imagine how many attention it would get from the world... Of course crowded equals better, but it will shake everything, which is nice.
Like don't hate Facebook, just delete your account, don't hate Libra, just don't buy it!  Roll Eyes
Attention to what? Stablecoins or centralization? Libra is not a cryptocurrency but a centralized stable token. They are using their own brand to create a brand in a new sector. It's a company branching out but not in a good way.

it is not a "token" either. it is not even a coin. it might as well not even have a blockchain because simply Libra is PayPal. so if you can call those numbers in  your PayPal account as "coins" or "tokens" so could you do that for Libra.
all they are doing is that they saw the hype that cryptocurrencies had and wanted a share of the market to make billions out of it.
457  Alternate cryptocurrencies / Altcoin Discussion / Re: Congressman Sherman - Libra is more dangerous then 9/11 on: July 27, 2019, 06:15:05 AM
as much as i hate Libra but that is a load of nonsense coming out of this guy! the biggest problem with Libra is its centralization and i honestly don't see why the US government is currently going ape shit about something they can fully control. i think the only reason for it is because they don't want to let this company (Facebook) to gain any more power than it currently has. otherwise this is yet another payment processor like PayPal where it prints money and pegs it to USD and then get paid for letting people use their online services.
458  Economy / Speculation / Re: Think of Bitcoin Financially on: July 27, 2019, 05:37:18 AM
Bitcoin is not a stock, an annuity, a simple commodity, or a currency. It is a combination of all these things.
you are wrong.
bitcoin is a currency and nothing else. and because this currency is new and is still growing and being adopted, its price rises which means it attracts speculators who invest in this currency. that doesn't change the nature of bitcoin though.

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Creation Cost - The amount that is costs to make a bitcoin.
This cost represents the lowest price that bitcoin can functionally go.
you are very wrong about this.
and history has proven many times that price can and will fall below the creation cost (aka mining cost) of bitcoin as it has always fallen big time after its bubbles while the mining cost remains much higher.
in other words creation cost has nothing to do with how low price can go or how much it should be.

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This price can change minute by minute because it is based on the hash rate of the network (the amount of active servers) and the efficiency of the machines that are active.
you are wrong again.
and it is a very common mistake among newcomers. the thing is you are looking at it upside down. price doesn't change based on cost, the cost changes based on price!
meaning if price is $10 then the cost will be a little less than $10
if price went up to $20 then the cost adjusts and will be a little less than $20
and if price fell down to $5 then the cost again readjusts and will be a little less than $5
459  Bitcoin / Bitcoin Discussion / Re: Iran legalizes mining on: July 27, 2019, 05:29:59 AM
I am amazed, this is a country that is very brave in taking policies, many countries do not dare to take policies like Iran, maybe in the future many countries will follow like Iran.

For sure,  that would say clearly that the network operation of bitcoin won't be stop as long as there are miners out their.
They can make it illegal but they can't stop the miners, and good thing there are countries who supports crypto.

Good news for me, because they openly support bitcoin mining. That is one step towards bitcoin legality in Iran. It's just a matter of time until bitcoin is truly legal in Iran.

bitcoin has always been legal in Iran it has just not been regulated. so was mining. in fact people in Iran have been mining bitcoin for many years, mostly in early years that the difficulty was low. as for regulation of bitcoin itself, it is going to happen in about 3 months.
460  Alternate cryptocurrencies / Altcoin Discussion / Re: Has the purposed of kyc been diverted? on: July 25, 2019, 07:26:04 AM
first of all you should never compare exchanges asking you for KYC documents with some random ICO project asking you for your KYC documents. they are very different. the exchanges are legitimate businesses with real business going on! they may not all have to be forcing KYC but when they do, you are still giving your documents to a place that is legit. in comparison an ICO project that requires KYC is just scamming you because there is no business, no company, no known person,... there is some random dude on the internet that you are handing your personal information to!!! and they ALL sell it on the dark market without exception.

secondly safety is another matter. assuming you gave it to a legit place, it still can never be 100% safe. many of these exchange databases were hacked. many even leaked it or sold it themselves. for example Bittrex sold their user's KYC documents online and pretended it was a leak/hack.
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