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4621  Alternate cryptocurrencies / Altcoin Discussion / Re: The total Ethereum fees have been surpassing Bitcoin's fees for a month and 1/2 on: August 06, 2020, 11:29:35 PM
I'm not surprised by this graph though, we have seen some massive spike on the price of Ethereum so it's pretty obvious that there are more transaction in the last month and a half. We even have threads here when people are complaining about the exorbitant gas/gwei that Ethereum is currently experience. But yes, this could be a bullish signal and I also read that this is even comparable to the numbers when we have our last bull run, but this remains to be seen.

True, this could be as bullish as 2017.

Do you think also guys, this is also correlated with the price of Ethereum itself? A lot of transactions were made on Ethereum network then that's why the network itself will be more clogged. I remember what happened last 2017-2018 bull run, especially when before there is a game under Ethereum network, I think that is crypto kitties, where known it is one of the issue why the transaction fees before on Ethereum was also too high.

Yes, this is not the first time that we have seen ETH network being clogged like since since the crypto kitties hype.

The main reason for the growth of commissions on the Ethereum  is the defi ecosystem with the possibility of arbitrage
See what commissions people pay to be able to use arbitrage opportunities:

https://etherscan.io/tx/0xc3d42f4a0a3556ed141e0aa17d527fcc58f223fef2175a57cdeea8ce22dd6742
https://etherscan.io/tx/0x18ca30658082ae31e2a32d20d3da8e97a1ef0def824035bebfe5debe25123112
https://etherscan.io/tx/0x2b97fff829a7d9b7837f8f447b7256fce3dec4428c1d07a8985da3cbce8f8259

Here is all the information about commissions:
https://ethgasstation.info/index.php

And if you want to move your Ethereum, then the commission will be no more than 50 cents


Thanks mate, I will look into this.



It seems that we're back to normal, but I still consider it high fees though,


https://ethgasstation.info/
4622  Bitcoin / Bitcoin Discussion / Re: How is it possible to create custom Bitcoin addresses like these? on: August 06, 2020, 11:01:59 PM
Well, you already answer your own question, yes, to generated those vanity addresses you need a lot of computing power. And maybe to understand it more clearly, you can read @1miau post here: [Guide] How to create your customized Bitcoin-Address (vanitygen) – step by step.

And regardless if you are using a vanity address or not, you should learn how to protect your private keys, otherwise it will be useless in the end.
 
4623  Economy / Scam Accusations / Re: [Warning]: Fake Cardano giveaway on: August 06, 2020, 10:39:52 PM
I think this catch has been made by $crypto$ before and is compounded with NEO's catch,

[SCAM ALERT] Fake Giveaway ADA & NEO

But indeed I see giveaway like this mostly appearing on telegram with unclear groups, and even I myself include it in the group, I hope newbies will always avoid it ..

It's good if you are a member of such groups, so that you can track what and fake give aways they are announcing and maybe you can give this community a warning. Telegram is really a haven for scammers now and they can still propagate their schemes if their group has so many members.

Yes, we do hope that no newbies will fall for this kind of trick and one way to help them is to spread awareness. Thanks and good catch by the OP and other members who have been exposing this kind of scams in this community.
4624  Alternate cryptocurrencies / Altcoin Discussion / Re: Huobi launches DeFi incubator, sets aside ‘tens of millions of dollars’ on: August 04, 2020, 10:54:51 PM
Indeed this is a very bullish indication when a big exchange such as Huobi is allocating this huge amount of money. And I think they wouldn't venture without actually getting a profits here, so obviously they are targeting good ROI as everyone is really hype about this Decentralized Finance and they know that news sells in crypto sphere.

So they want to be the first exchange and would like to collar the market as early as today before the whole Defi business model became a bubble. Good move by Huobi here, of course there is competition against them and Binance, so let's see how CZ will react if he hasn't done so.
4625  Economy / Gambling discussion / Re: [Boxing] Errol Spence Jr. vs. Danny Garcia IBF & WBC Welterweight Title on: August 04, 2020, 10:53:52 AM
This is going to be one hell of a fight. And we are happy to see Errol Spence Jr back after that car accident and its going to be interesting to see if there are going to be some effects on him.

Yes, as we all know that he had a terrible accident that almost took his life. Maybe this could affect him negatively. He is one of the best boxers, at his peak but he is stepping up the plate against Danny Garcia here.

No doubt that Garcia has that signature check left hook, but Errol has been in many wars and proved that he can adjust. So I will give my vote for Spence to take out Garcia maybe in a unanimous decision.

Spence hasn't been tested, although Porter hit him during this fight, it was not very crisp and clean. Danny's left hook could spell the difference here. Both of them are very slow starter, so if anyone can take the first 3 rounds, it will be a huge advantage if the fight goes to distance.
4626  Economy / Scam Accusations / Re: [ScamAlert] Chamathcapital.com fake 5000 btc giveaway on: August 04, 2020, 09:24:20 AM
Or the funds that are sending in this btc address comes from the scammers themselves so that it will look legit if someone are going to check it through blockchain. And if you are going to look at it, it received:

Quote
Total Received
1.90125617 BTC

So I doubt that someone has fallen for this. But I don't discount that fact that there are a lot of newbies who are too greedy and might think it is safe to send to double their money without doing any hard work and it will be too late before they realised what had happened to them.

edit: reported it to https://cryptoscamdb.org/

4627  Alternate cryptocurrencies / Altcoin Discussion / Re: AltcoinDaily.io Youtube channel removed on: August 04, 2020, 09:10:57 AM
All's well that end's well, and just like what posters have said, maybe Youtube is just sweeping everything and then reinstating that is legitimate crypto channels. Because we all know that there are a lot of scams running, and maybe the best weapon is ban everything and then put back later channels that crypto related but in no way scamming people.

They should reinstate channels that are crypto related. All that needs to get banned for good are those fake giveaways. But the problems is that criminals are hacking accounts that has many subscribers and it's hard to distinguished it in the beginning that's why facebook needs to step back and have their AI or Bots to track those hack accounts that is being used for this criminal activity.

They shouldn't wait like days for this to happen, as soon as this is spotted, take it down contact the real owner of the channels and let them know what to do before handling them back the accounts.

4628  Economy / Trading Discussion / Re: Good idea for a new trader to get into derivative trading? on: August 03, 2020, 11:17:28 PM
Generally considered a lot more complex type of trading. Do you think new and budding traders should get into or at least be introduced to derivative trading or should it be avoided, and just HODL at all costs?

If it is a more complex type of trading then this might not be good for beginner trader. And how can they make more money out of it if they don't know how it is on the first place. so everything should be taken in baby steps here, you can't just jump and expect that you are going to get a good returns out of it.

And with market like crypto, which is very volatile, maybe those beginners might be overwhelm and instead of staying here, they might get REKT early, lose more money. For me it's not a good recommendation. Should be taken slowly, then as the person goes along and gain experience, then probably he can register for a demo account and see how it goes.
4629  Bitcoin / Bitcoin Discussion / Re: "Stephen Wolfram" says bitcoin creator is known classified material on: August 03, 2020, 08:41:46 PM
I admire the guy, he is a genius and has been involved in the many fields of science, including application of computational thinking, including Mathematica.

But it doesn't mean that he knowns about Satoshi to say that he is a known "classified material". Or that anything about Satoshi is protected by or access is restricted by the government. But him opening his mouth and with his credibility, just adds up to the mystery of Satoshi and could be a good inclusion to the growing list of conspiracy theories on the already legendary creator of bitcoin.
4630  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you fear the president of your country, one day, making Crypto illegal ? on: August 03, 2020, 12:52:34 PM
What if, for example - like after that twitter hack - the President wakes up (in a bad mood) and decides with an executive order to make all crypto illegal in the USA?

Your example is quite vague, I don't think that countries like USA or their President has the authority to make an executive order without being challenge.


Of course this probably will never happen in today's world, as the there is big money is invested into crypto currencies; but do you ever think that it is even remotely possible...

It doesn't matter how much money is invested, if such is the reason, then every country will simply accept crypto.

Or the next elected president is so "old school" and decides that crypto needs to go?

If this happens then obviously, crypto enthusiast on a former crypto friendly countries are going to take action and challenge it just like what happen to India.

I don't mean only America, what about in your country; do think that a future ban on crypto currencies is ever possible in your country?

I'm not afraid though, because we treat crypto as something that can change our country we are even trying to become a crypto hub, so I don't think that our government even with a new President will make a complete change or going 180 degrees.
4631  Economy / Gambling discussion / Re: [experience]; In one family all professional gamblers. on: August 03, 2020, 11:50:01 AM
[1]. Are there friends in this forum that are the same as my friends...! yes, I mean in this forum that one family is involved in gambling.

Nice question, but I don't know any people here personally, but there could be cases around in this community.

[2]. It's good, if we teach our brother or sister to bet in gambling like we have today....!

If I'm just the gambler in the family? I wouldn't go to that route of teaching my siblings, one should be enough.  Grin.
But if the environment in the house is that if your father or mother are into gambling, for sure their kids are going to be influence by their parents.

[3]. Or we don't need to tell our families money from gambling and also we are not involved in gambling...!

If the families are not into gambling, then chances you are not going to even give a hint that they are into it because it is being frowned up, not just by your families, but the society itself.
4632  Bitcoin / Bitcoin Discussion / Re: Why did we experience an overshoot in the price of Bitcoins ? on: August 03, 2020, 11:11:09 AM
I don't think that we overshoot though, that's how the market reacts, maybe some TA says that we should get to $11,500 and see some resistance, it didn't happen, but doesn't mean that we have limits to this price increase.

- Gold prices is incredibly high

Huh? Bitcoin already surpasses the price of gold many times already.

And I highly doubt that the second round of stimulus package will be invested on bitcoin. People needed cash as this point to buy food that will make them survived in this pandemic, this is just pure speculation.

I don't think that we need to complicated things here, it's just the basic supply and demand that pushes the price to $11,800.
4633  Alternate cryptocurrencies / Altcoin Discussion / The total Ethereum fees have been surpassing Bitcoin's fees for a month and 1/2 on: August 03, 2020, 10:19:55 AM
The total Ethereum fees have been surpassing Bitcoin's fees for a month and a half now

According to this tweet:



https://twitter.com/lawmaster/status/1289583909018259457

And I think it is very reflective on how the price of ETH also moves around that time frame, as bitcoin reaches a new high this year and so is ETH as well surpassing $400 since 2018 if I'm not mistaken.

A good indication that we are very bullish right now and this is really looking good fro crypto markets in general.
4634  Economy / Speculation / Re: Bitcoin Hits USD 12K, Crashes By USD 800 In Minutes!! on: August 02, 2020, 02:19:05 PM
I do hope that it won't cause a panic specially for those beginner investors who buy at the $10k range. Because if they did they we might see some more decline in the next coming days. One thing though is that we will start a new week, depending on where you are. And usually we may see some gains again. On the other hand, this is a healthy pullback.

But I don't see the price going below $10k, not unless we have another FUD or something that will create some negativity. I think sentiments now are mostly bullish. And the next time that we will recover, we might see around $12k-$14k at least, so just continue to hold.
4635  Bitcoin / Legal / Re: Thailand issues licenses for 13 digital currency service providers on: August 02, 2020, 12:05:36 PM
Good job for the Thailand government and its royalty. Asian countries are starting to recognize that there's an actual market for cryptocurrencies and if they will keep issuing licenses to those interested companies who wants to operate in their countries.

I agree, I think Thailand and the Philippines amongst SEA countries are more friendly to cryptos. I still remember someone said that it is going to be a race between the two. And this is a win-win situation for those crypto enthusiast in that country. I'm not going to be surprised that in the next couple of years these two are going to be on top as far as bitcoin trading and adoption.

They should give it a chance as long as they will submit and comply to their regulatory requirements. Having a lot of applications and grants from these digital asset exchanges means that there is a big market circulating in Thailand for cryptocurrencies.

Yes, at least the government are very lenient and welcoming to digital assets or crypto, as opponent to some of their neighbors. Regulations are good so that crypto are going to survived in the long run. It's should be a give and take relations, so that everyone will be in a win-win situations.
4636  Alternate cryptocurrencies / Altcoin Discussion / Re: top 6 cryptocurrency , Invest in 2020 on: August 02, 2020, 09:45:22 AM
Like the rest of you guys, what the hell is Titan? Haven't heard of this shitcoins.

And Tether? it is being used to leverage your investment, but it is not an investment per se. I would say that I would agree with the rest of list, maybe Litecoin is questionable though.

I think bitcoin should be on top of your lists obviously, and then ETH and XRP and if ever Titan went on a dramatic increase, it's just not like, pump and dump, so sorry to burst the bubble for your.
4637  Economy / Scam Accusations / Re: [WARNING] Golda.store Plagiarized Whitepaper on: August 02, 2020, 05:11:44 AM
Nice catch, it looks like they just wanted to ride on the popularity of Digital Gold and just put some little spin on it, "GOLDA", what the hell is that name, Lol.

@Insanerman - we both missed the boat, that project is really doing good, their campaign is still running, indicative that they are real and legit, maybe we should did more research earlier. Instead we regret our decision now. Anyways, as I have said, another good catch here, and obviously, since there are no ANN thread, I do hope that no one will fall for this scam.
4638  Economy / Economics / In the pandemic economy, tech companies are raking it in on: August 02, 2020, 01:05:09 AM
Very interesting to find out that these tech companies are making huge money in this pandemic, but not totally surprising though.

Quote
Despite a massive decline in advertising spending, YouTube revenue rose to $3.8 billion this year from $3.6 billion last year. Facebook’s business is largely ad-based as well — and its revenue also rose to $18.7 billion as its users doomscrolled their way through the pandemic, even though several companies publicly boycotted the platform.

Meanwhile, Amazon doubled its profit as more people ordered delivery to their homes: $5.2 billion this quarter, from $2.6 billion last year. And Apple, which had many of its stores closed for chunks of the quarter, still made $11.25 billion in profit as people bought devices to entertain themselves.

https://www.theverge.com/2020/7/30/21348652/pandemic-earnings-antitrust-google-facebook-apple-amazon

While the US economy is on the looming recession, those giant tech are the one who gets the most benefit out of the pandemic, regardless if there is a House Judiciary Committee’s investigation into the market power of Amazon, Apple, Facebook and Google and the net effect is the tech antitrust hearing was good, actually.
4639  Economy / Gambling discussion / Re: [Boxing] Angelo Leo vs. Tramaine Williams WBO Junior Featherweight title Fight on: August 01, 2020, 11:16:16 PM
On a side note, it's weird seeing these boxers wearing masks. This is really our new normal. During their actual fight, are they going to wear masks also?  Grin

Lol dude, what the, I'm sure you're trolling us,  Smiley



I'm not going to bet on this one as obviously those names are not familiar with me. And probably after this fight we will know them better. But if Angelo is battle tested as what the OP has said, then it's a good bet, live underdog. And Leo has a good KO percentage, almost 50%, taller than 2 inches.

There's also a big stake on the line, vacant WBO super bantamweight belt. Williams is rank #5 while Leo is rank #2. And this is a short notice, I don't know how Williams prepared for this big fight.
4640  Alternate cryptocurrencies / Altcoin Discussion / Re: AltcoinDaily.io Youtube channel removed on: August 01, 2020, 02:17:01 PM
Youtube is still number one but we still need a venue similar to Youtube that showcases the best of Cryptocurrency videos we already have Bittube Lbry among others but Youtube is very popular among Crypto and non-Crypto users it's a great site to promote anything bandwidth is great it never lags compared to to other video sharing sites.

There are a lot of alternatives to be honest, but sad to say that no one comes close to Youtube in terms of exposure and monetization of your channels.

Let's us crypto-coin -users- -altcoin specified- keep on flagging profile/channel/group that are scam/unsafe. That where my problem -on Google- Google are failing to filter/sort scam from profiles, Google users should know this.
With the Twitter giveaway scam will some get scammed by give aways? Free btc/altcoins will be a scam-80%+ such a crazy/stupid scam to fall for when you can check/investigate the bitcoin address of the scammer.

I think the community is really working hard fighting scammers using Youtube as their platform. I'm sure you are familiar with the This be bbcode.org!]Scam Accusations[/url] board. But it's going to be a continuous mouse and game and I do hope that no one will fall for this trick and everyone should be educated to know these scams, specially that we have the twitter hack last week that bring more attention to this so called fake giveaways.

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