Shouldn't the communty discourage the creation of anything that gives up the custody of Bitcoin to third parties?
Although it might be good for its price, would it be good for Bitcoin as a censorship-resistant hard money?
No, bitcoin ETF is not necessarily a bad thing that can happen to crypto market. After all we all want to see bitcoin is being adopted everywhere in the coming future and at the same time we all know it doesn't going to happen overnight! We have to take baby steps to reach the goal and I see ETF as one of those baby steps which can fuel the adoption across the world. However, I only support ETFs that are physically settled. Means, the ETF provider is going to deal in physical bitcoins and not just on the price of bitcoins. Physically settled bitcoin ETFs are actually useful to the market as it gives additional liquidity to the market. I understand, that difference in opinion will be there as many people wouldn't want to comply with KYC norms or give up their identities and wealth in the hand of third parties! But being a law abiding citizen, I would personally want to see more and more physically settled bitcoin ETFs or investment assets to come to the market. It will not only increase the adoption rate but also make bitcoin more useful to the real world. |
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This to me is a traditional view which remains persistent until the very day.
My mother considered gambling as playing with money. She sternly reminded us not to gamble. When I was in college, there was a hot debate within the church whether or not to accept donations coming from dirty sources such as gambling. And in Islam, gambling (maysir) is haram (forbidden). [1]
I have a friend whose father would not serve the family food bought using gambling money.
And just a few years ago, our Education Secretary shunned billions of state-funds because they are coming from gambling. She didn't think it moral and proper to buy books and even build classrooms using the dirty gambling money. [2]
What are your thoughts on these? Do you agree with it, or you consider these as old-fashioned views?
I understand it's your personal view and I respect that fact! However, we all are individuals and our thought processes are different. We all grew up with different opinions around us and when we attained a certain age, we started seeing the world as per our own views and opinions. I too grew up in a very conservative family where gambling is seen as negative thing to be involved with! But as per my own views, I see gambling as just another business! A lot of people don't like Alcohol or Tobacco business but these businesses are one of the highest tax paying businesses! So every thing has its own pros and cons. It's up to us to decide for ourselves whether we want to involve with it or not! I don't consider your view as an old-fashioned one! But neither I consider gambling as an evil business! It's just another legal form of business which provide employment to a lot of people. I had actually done some research on the positive effects of gambling business on the economy of a country and I would definitely want you to read that, How gambling can effect the economy of a country [Part 1 - USA]https://bitcointalk.org/index.php?topic=4308093.0How gambling can effect the economy of a country [Part 2 - Macau]https://bitcointalk.org/index.php?topic=4324507.0 |
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In the case of gold certificates things are similar, it is just that those two stages are reversed. Namely in stage one, one party of the exchange deposits some gold at the bank and receives a certificate for it. This certificate is then traded for goods or services and in that way put into circulation. In stage two the opposite party i.e. a current holder of the certificate takes it to the bank to claim the deposited gold. Once the holder receives the gold the exchange process is finished. And this is how goods and services are exchanged with the help of gold certificates.
So the solution is easy. Just make Bitcoin certificates and use that as money. Problem solved  On a more serious note, anyone can establish a rather arbitrary definition of A and then claim that B is not A because B does not fit that arbitrary definition. But there's no knowledge to be gained from that line of argumentation. I want to continue on the same line!! Bitcoin will never match the definition and usability of a real-world fiat currency so it makes no sense to compare bitcoin with them! Without going theough all these high level fundamentals of the currency system, I can say, bitcoin is an absolutely new type of money for the evolved need of the consumers! Comparing bitcoin with fiat currency is a bad idea! |
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Do you think it's going to be a better way to track where money is moving?
There's no way to know the owner of the transaction involving bitcoin. While it is easy to find which address send money to other address, but it is next to impossible to point out the owners of these addresses unless someone proclaims the ownership of those addresses! Probably that's the reason why bitcoin is still the preferred payment method in darkweb and that's a big reputation risk of cryptos! Moreover, bitcoin mixing services are present in the market to hide the money trail effectively! Like every technology has its positive and negative side, the same way it is a negative side of bitcoin use. Sad but true! Cipher trace can track transactions but not the owners! |
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I want your suggestions about which crypto currency is best for trade with respect to maximum profit ratio and minimal loss.
Nothing is certain in trading! So if a particular pair works for me, it may not work for you! Personally, I use BTC/USDT or ETH/USDT pairs for trading as it is easier to calculate for my kind of swing trading technique. However, I don't trade on daily basis and only execute a trade if I spot an opportunity in the market. So instead of asking about best crypto currency to trade, try to ask what kind of trading techniques people use here! That would give you some real insight and probably give you an idea to make profit. |
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China is all set to launch its own crypto currency for more than 1 billion of its population how will it effect the crypto market ?
Lol! No effect will come to the main crypto market! I am not sure about the correctness of this news thought! Because I am not able to find any credible news source that supports this news. I will be glad if you can redirect us to a reference. But if in reality China plans to launch their own crypto, it will just a digital version of their own fiat currency which literally will have no relation with main crypto market! Even India is planning to launch their own crypto in coming years, but none of them will have any impact on the crypto market! |
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CoinCorner is a UK Bitcoin exchange that was founded in 2014 to help people easily buy/sell Bitcoin. We now offer a service, CoinCorner Checkout, which helps UK businesses to accept Bitcoin as a payment method from customers. A quick and simple service, it's free to set up an account and our fee is only 1% per purchase. Here's a short list of the key benefits:-No set up costs -1% fee per purchase -GBP/sterling payouts (no need to directly handle Bitcoin - unless your business wants to, of course! ) -No price volatility -No chargebacks -No fraud -Accept Bitcoin via your website, POS device and custom email invoice -PR opportunities -Reach new global customers Get started by signing up for an account today at the link above! Hi welcome to the forum! Your account looks like the official one so would you mind answering some of my questions, 1. I have an online t-shirt store and I operate from an Asian country. I have customer base from all over the world. Will I be able to accept bitcoin using your api? 2. How the settlement works in your company for Asian countries? 3. Is there any chance to negotiate your service fee? |
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Fed, au and europe is about to cut rates.
But Why Bitcoin is Still low?
2017 was Even less rate cuts but btc was 20k.
Now everywhere is rate cuts but btc Price is Still low
Anyone knows Why its like that?
Why do you think that bitcoin will be benefited by these rate cuts?? When the economy slows down, central banks reduce interest rates so that their people can have more liquid funds in their pocket. So we all knew that rate cut was imminent from the beginning of US China trade war. But do you know what has been benefited by these rate cuts - it's none other than GOLD! See the price chart for last two months and you will understand the truth! |
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Answer my question now,
Why do you need to know who Satoshi Nakamoto is?? What's the requirement??
Finding Satoshi has just became a wide goose chasing game which is leading to nowhere! Let's stop here! It makes no sense to find Satoshi or the creator of bitcoin! You have his creation so make use of it!
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The US and squeaky clean services like Gemini and Bitpay will comply, but it'll be interesting to see what the rest of the world does.
If they do, that will push other companies to comply too, to be able to do business with those that do comply. Definitely, but there is still a huge demand for KYC-free services. You can tell as much by the way Binance operates: They are willing to segregate their markets rather than go fully compliant. It's also basically a given that a host of countries won't be complying with the FATF travel rule, leaving the door open to non-compliant exchanges. And that's where things get interesting. Are the Coinbases and Geminis and Bitpays of the world going to blacklist outputs from exchanges like Binance? Bitmex? Smaller altcoin and derivatives exchanges? Binance is probably thinking about the future and keeping themselves ready for it. However, we all know as a matter of fact that FATF guidelines are taken very seriously worldwide. So I don't think it will be possible for any exchange to have two separate regulations guiding their operations. They will have only two choices in future, either they will comply with the local law which will be formed as per the recommendations given by FATF or they will go out of business or forcefully closed by the governing country. Since cryptos have no border limitations, a global standard operating procedure has to be created and adopted by every country for crypto transactions. The entire matter is at a very nascent stage right now but slowly taking shape! There will be no space for Coinbase or any other exchange to follow different type of guidelines. All will have to comply with the global standard. |
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Anyway crypto currency will be going to regulate in India very soon because of already top list country are regulated the crypto like Japan and more, and coming days some big companies like Facebook and telegram launching their own crypto coin, so I hope that Indian government and RBI will getting the crypto regulations in India very soon.
This matter was discussed in the court as well. If you have seen the arguments, there were a mention about how Japan and other developed countries have regulated bitcoin and cryptocurrecnies by implementing KYC and AML law in it. However, every country has different socio-economic scenario and their needs are different. If bitcoin is regulated then it is definitely a great news because we need fresh stimulus to the economy that is slowing down continuously! Adopting cryptos into the mainstream economy will bring more opportunities and create jobs for the tech-savy youths. I hope the government understands the positive impact first before passing out any further arbitrary decisions like RBI. |
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I do not do this every day, but last night I checked all my bounty hunting files from social media, signature and article marketing, I am very disappointed, only 5% of my bounty campaigns proved to be successful, what I mean successful is it's worth the profit after many months of the campaign.
One disappointing side of it is the projects that I thought are legit are the one that turns out to be scams and the project that I thought will not turn out to be good turns to be profitable.
Things are not good in bounty campaign at this point of time, what proves to be a source of excitement to bounty hunters is now the agony of bounty hunters
The ICO market is itself dead or on the verge of dying! Millions of investors were duped by these unknown start ups which actually paved the way for loosing credibility of ICOs. When investors are not getting profit, what bounty hunters can expect? I too also active in the bounty hunting earlier, but I have noticed that the profit is not worth the time I was spending on bounties so I have moved out of this market. I still have millions of tokens in the ETH wallet which has no value at all and not being traded in any exchanges. There was a project called Coin Janitor which was initially gave me hope that I will be able to unlock the values of the dead coins but they also seem to be not helpful much! |
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I am new to forums so I really don't know which board this type of post needs to go in so please forgive me if this is in the wrong place. I have also only been involved with cryptocurrency for the last 10 months.
I have an account with Coinbase and until recently I have had no problems or issues with depositing or withdrawing USD to or from my bank account to or from my Coinbase USD wallet. But now I have been restricted for some reason and Coinbase will not tell me why so that I can fix the issue. Coinbase support will not help me so that's why I am turning to a forum to see if there is anything that I can do to buy bitcoin. I have also tried to do the same with other cryptocurrency companies but they also have restricted me from transferring money from my bank account to any wallet so, therefore, I cannot buy bitcoin. I also don't want to use P2P sites to buy bitcoin because I have had friends that have been robbed even from people with 100% ratings and high volume. I don't know where to go or what to do to buy bitcoin. Any suggestions anyone?
From what I am reading above, I can tell you that the problem is with your bank and not with any crypto company. When your bank is restricting you from transferring money to any crypto related company, it's clearly your bank. Answer the below questions so that we can help you in a better way, 1. Your country? 2. Are you able to transfer funds to your friend's checking account? 3. Have you tried contacting your bank's support team? What they have to say? 4. Apart from Coinbase, what other crypto companies you have tried to transfer funds? If you are transferring a very high volume, it is possible that your activities have been reported to the AML committee of the bank and they have restricted your access. Or if USD is not your native currency, then you will have a transaction limit under your local foreign exchange law. |
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Business Name: Ompahlos
A futuristic store that is a step ahead of the rest...
Concept: A warehouse location with a few Bitcoin ATM's, and dozens of desk-like booths with computer desktops with online games that are connected to crypto-currency. Smoking is permitted at the desks. Energy drinks and vape products can also be purchased and consumed at the game desks. The game desks will be rented by the hour by paying with Bitcoin but the clients will be given cards that they can use to essentially run tabs as they hang out and buy stuff. The tab is so they do not have to worry about paying until they want to leave. Services will be made somewhat affordable for younger people but it is also a place they know they will blow all their money but enjoy doing it.
Other services: We also sell crypto-currency products like cold storage wallets, and funny t-shirts and stickers about Bitcoin. We will include other cool futuristic products that will appeal to our gamer client base, like electronic scooters, electric skateboards, drones, and other products that are the newest, the latest, the greatest. Cutting edge services like the best pre-releases on new games and counsels, so we will work closely as business-to-business insiders for gaining access to pre-releases and sneak peaks. Oh and definitely we can cater to the Artificial Intelligence and augmented reality scene (!!!). We will always be a step ahead the rest, with the latest and greatest robotics technologies for consumers that will keep people coming back to the store and keep people inside the store hanging out and spending money, participating in gaming events, taking classes, and networking with people, connecting to people and the technology, making friends.
Decor: It will be open late: hours are 12 noon until 4AM in the morning. It will be located in a cool yet gritty USA city like in Brooklyn, New York or Oakland, California. It will be decorated cool like with graffiti inside the building similar to graffiti at skate parks, so that it will not be a totally sterile environment but more of a creative space for making people feel more comfortable. At the same time, there will be heavy cleaning services performed outside the hours of operation.
Business Basics: Our primary language for business is English. All laws will be followed to the very best of our ability. Ethics are very important. It will be a fully legitimate company that follows all of the laws including tax payments. The business has an impeccable reputation for playing by all the rules. This is a completely debt-free business. No loans will be taken, unless a generous outside party agrees to service the loans for free, or if they flat out gifts the business some Bitcoin or cash.
It's clearly an internet cafe business with some additions like Bitcoin ATMs and a vape shop! Definitely it is an attractive way to spend bitcoins for those who want to do so! However, the scope of this business is very limited. Why don't you add some more thing to it to make it more attractive? Let me give you some ideas, 1. A bar - a separate area for a full fledged bar can be designated or you can serve alcohol at the game counter. 2. An all-inclusive store like Walmart - An all inclusive store with a twist. People don't have to go for shopping physically. They can order items from their game zones and the bag will be ready at the check out point. The customer can then simply pay with their bitcoin while going back. 3. A food court - A collection of all food brands under one roof. But customers will have to pay through bitcoins. They can buy food coupons using bitcoins and spend them at the food court. The food court can later settle for cash with the warehouse management. These additions will make the business plan more attractive. Everything under one roof and payment through cryptos! |
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He has to be confident, he is the founder after all  It's what many Ethereum supporters and even doubters are waiting for so I will not be surprised if the new network will spark new interest and increase its value in the process. If ethereum 2.0 can really run tens of thousands of transactions per second, I see more start ups using their blockchain. Vitalik is making ETH future ready! He foresees increasing adoption of cryptocurrency in near future and he believes that a major portion of these new adoptions will use ETH chain and smart contract capability to launch their business, so is doing the needful well in advance. However, my personal opinion is that moving to POS consensus will ruin the value of ETH. Even though I don't know what's exactly is going to happen and I want my opinion to fail because I am also an investor of ETH, but making it easier for the mass to earn ETH will make it less exclusive and thus ruins its value! But it's my personal opinion only and time will show us the reality! |
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Your website says, For every player you kill you will earn 1 Satoshi.
If you finish the game in rank 1-5 you will earn a bonus prize up to 100 Satoshis Are you serious?? I understand that you are not charging any entry fee and earning only from advertisements. But having a little entry fee and sharing it among the winners will make the winnings more attractive and possibly attract more players! |
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It's a 150 pages report and mostly talks about fintech and blockchain technology but not about cryptocurrencies as such. I personally couldn't find anything favorable for cryptos in the report through keyword search. But if you can highlight the page numbers talking about cryptos, we would love that!
The reporting committee is headed by Subhas Chandra Garg who was also heading the IMC report that proposes 10 years jail term. I doubt he has changed his outlook about cryptos that fast!
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Edit:
Page 21:
1.2.3 Digital currencies and tokens -
Here it talks about cryptocurrencies and tokens. However, I didn't find anything favorable as such! It's written for information without talking either positive and negative about it! While the entire report favors fintech and blockchain itself, there's nothing favorable for cryptocurrency in particular. My reading is still on!
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There is no proper way to identify a transparent project team. Because if a group of scammers use homeless people to disguise their own identity, there's no way we can identify their scam attempt. Using photos of models and actors may have a sideline chance that at least some people would identify them, but that's not the case for homeless people! So there's no correct process to identify such scammers!
You can't believe the advisors as well. Because in most cases, these advisors are paid hefty money by the project team just to feature their name in the team. In majority of the cases, the advisors themselves don't know much about the project! That's one of the many reasons why ICOs have lost their credibility very quickly and IEOs emerged!
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I recently found out about this form of trading, but never tried it. Can anyone with experience give me some hints? I mean is this algorithm they use successful? And is it true about having big gains?
It is a profitable trading tactics. Arbitrage is a method which looks for price difference in different markets and take profit from that price difference. However, it is next to impossible to manually control the trades in different markets/exchanges unless you keep funds in both of them! So arbitrage usually requires a big balance to start with as you will have to keep your accounts funded to reap that price difference benefit. Also you will need a bot account which will be connected with all your different exchange accounts and you can control them from one place! Then it is will become profitable venture for you! There is no algorithms that comes to play! |
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I was wondering if i need any kind of paperwork or licenses for a crash gambling website like bustabit
I believe you are referring to KYC when you mention paperwork. I don't know about other sites, but you won't need any kind of paperwork for Bustabit itself. If you can provide the name of any other website you may be referring to, we can check. But bustabit will never ask you to submit KYC documents. I am a member since 2016 and they have asked for KYC! |
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