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4621  Bitcoin / Bitcoin Discussion / Re: Points, Miles, Cash-back... Should we create similar systems in bitcoin? on: August 20, 2020, 12:42:25 AM
Isn't it totally up to the merchant on how this would happen? Just like how there are rebates on the various services on mobile wallets. It's basically something like a promo, but with Bitcoin, and yes it's possible and could be implemented but as I said, the merchant themselves should decide on whether to do it or not though I doubt it would happen this early, especially since the number of Bitcoin merchants is on the low side.

Still honestly, it should be a separate matter from how Credit card works, even with a rebate system. I believe that it should work on a different notion, completely different from how fiats work, especially since Bitcoin usage isn't really used for everyday transactions. Even if it was adopted in the near future by the majority of the stores, a coexistence with fiat would still probably the best choice imo, with fiat being used for daily needs and Bitcoin for certain occassions.
4622  Other / Beginners & Help / Re: Getting a hardware wallet doesn't mean your funds are completely safe on: August 19, 2020, 05:22:48 AM
It's just increased security, not guaranteed. Just like there's no perfect system out there, there's also no perfect defense mechanism out there. It's just that online wallets are more prone to stuff happening that you actually don't know about. Heck, some people don't even know how hacks happen or how your pc gets invaded by a third party. Hardware wallets on the other hand, need physical contact, so people would have to go to your house and rob you, at the very least, you know what they would try to do, plus, robberies are easily discovered with surveillance cams which may prevent such situations from occurring repeatedly. Add that to you not really revealing any info when buying Bitcoin and when moving funds, you're pretty much safe from being robbed by someone who discovered you on the internet.

Even a hardware wallet is not considered secure if you connect it frequently to your device.
Hardware wallets are pretty much used for just hodling imo. If I were to frequently have the need to connect it to a device, I'd rather configure a laptop or a pc with my specifications, making it my wallet which I can connect to exchanges now and then and only that, nothing else would probably be done there to prevent myself from being swept up by possible malware/virus.
4623  Economy / Trading Discussion / Re: Crypto Twitter on: August 19, 2020, 02:12:50 AM
This is why twitter isn't really the best place to look for good info. Heck, twitter is mostly just people posting random stuff that came out of nowhere, I only really follow some twitter accounts of crypto for statistics and daily news/updates. Following "influencers" is just a waste of time and space for me imo. It's basically almost like how I treat Telegram, I only join a select few that I personally think that are helpful to what I need to know, though I already left Telegram some time ago.

I wonder what made people so gullible today. I mean, not that I'm perfect or anything, but I've learned from the start to look up every info I can regarding something since it just irks me if something doesn't go the way I want to, whether it comes to crypto when I came in or whether other stuff (mainly coding).
4624  Bitcoin / Bitcoin Discussion / Re: How to Buy Bitcoin Cheaper on: August 19, 2020, 01:35:10 AM
Yes, p2p trading is cheaper but it's also as said by others, riskier. Plus, most wouldn't even bother buying like such since most are actually into trading instead of using it/hodling. There's also the issue of never-ending changing prices every minute, though unless a huge dump occurs, the difference shouldn't be that huge. Transactions may be slower, but honestly, it's just a matter of organizing the transaction. If you, the buyer, were to prepare beforehand some of the issues to be talked about, such as escrow and the like, the time shouldn't be that long, though it would still take longer than using CEX normally.

Edit: oh you are talking about local bitcoin type exchanges. They are highly risky and too slow. They should be and are used only when a person wants to sell crypto for fiat. And that fiat pair isn't listed anywhere. Wazirx in India allows fiat withdrawal in this way but the prices are really on the CMP you can expect a variance of around +/- 0.5-1% at max in rarest of cases
Well, it depends on how you work around it. With escrow and a bit of time to organize, it should be rather easy though it really isn't the best way to buy, especially if you're trading. But if you're just hodling or using it for your own, trying it out may prove to be useful since it guarantees complete anonymity.
4625  Economy / Gambling discussion / Re: question concerning a type of raffle on: August 19, 2020, 01:11:25 AM
thank you all for your comments! I was not really looking at doing it as a way to give away items - I do that in the collectible section from time to time as both free and paid raffles.

I was looking at as a means for the community to give back to the world outside of the forums - with one lucky person winning half the pot.

Ideas that I liked from the above comments:

1. decreasing the number of slots - ok so not 100 - what about 50?
2. allowing people to put in more - I like this because everyone could put in what they want, what they are willing to risk. The winner(s) are still entitled to half the pot - I say winner(s) because of the next point
3. having more than one winner - maybe do 5 winners? where each get 15% - and this is more than 50% which is the next point I liked
4. increasing reward ratio from 50% to 75% - with 25% going to the charity. I would like to give more to a charity but I understand that if the ratio is too low, there are not enough joining and thus nothing goes to the charity
Idk much about how the blocks work, or their sequence for that matter, but does it guarantee that all numbers from 0-99 show up on the future blocks? Just asking!

1. 50 should be more than enough, but make a minimum-maximum amount of participants so that some people wouldn't be left out by being late on the party possibly.
2. This should work. Though set a limit of maybe 2 or 3 additional slots though.
2. true with multiple winners it would not be fair to make the prizes equal in that regard. so possible set limit on price per entry - but maybe allow people who want to risk more to be able to buy more than one 
3. Nothing to say here
4. If you want, you can try using the 80-20 posted above, and the remaining 5 would be given to a random lucky winner again (everyone including the 5 winners has a chance), or redistributed to the ones that lost, though that amount is low as hell by then, so the former could be the best option.

There's a chance that no more than 50 people would join though, so adjusting some stuff there could possibly work. You can also try out what you did in the past, collectibles, add that as a win or something. Pretty optional, like only the 1st or 2nd winner could have them. Or add that to the guy who would win the 5% I said above.
4626  Economy / Gambling discussion / Re: Have you ever wiped off a casino through Blackjack? on: August 19, 2020, 12:54:14 AM
It's rather understandable why you find Blackjack a lot easier to play since there are fewer amounts of strategies there is than on other games. By strategizing and identifying the best move, either with Hit, stand, or double down, you push the move with the highest amount of chance for you to win. Still, it doesn't really mean that you'd guarantee a win, just that you're going for the best move to win. With 3 choices, you minimize it to either two or one depending on the situation, at 10-11, etc. Additionally, it's probably not possible to make a casino helpless with such a game, since if so, they would've stopped making it available. They also have house edge in effect, so it's actually more like an equal playground if you were to follow the basic strategies.
4627  Other / Archival / Re: Betting Systems on: August 16, 2020, 05:41:18 AM
Betting systems are just ways players and gamblers term to styles that they can and want to understand. It can be described as something useful, but at the same time not really. It's a forceful approach to understanding something you usually don't understand. Still, they work to an extent but at the same time, it really just ends up with a total ratio of 50/50 in the end, with either win or loss. These strategies are mostly just ideas of when you should stop or when you should go after reaching a certain point, so you can guarantee some sort of profit after playing

Nonetheless, nice read. Most strategies have proven their effectiveness with time, and well, Martingale has been the one stuck with me for quite a long time already.
4628  Economy / Gambling discussion / Re: Poker Gameplays and Strategies on: August 16, 2020, 02:00:41 AM
No amount of reading could make you get good, just like no amount of theory crafting could make you successful in an RPG dungeon run, or like how a scientist could never get a body builder body with just trying to study theories and best ways. Practice makes perfect, and well, with that also comes your money. You can try playing without money involved, but the experience that comes with that seems like it would end up null, since the thrill and all also helps in decision making at times. Since you're playing online and not offline, facial expressions could basically be left out, but bluffing could still be useful. Try to craft theories always on what the cards of others are depending on the situation and especially watch out for bluffs.
4629  Bitcoin / Legal / Re: Proof of the ownership of BitCoins during a Divorce on: August 16, 2020, 01:10:20 AM
Trace your funds from when you bought them ( or your husband did ) and possibly present proof of purchase for each transaction. It's rather easy as long as your husband didn't really bring them to mixers to mix them. Plus, you and your husband ain't really arguing about it, so I doubt your husband would do anything about taking the money and running away. Communicate with your lawyers to show said proof and as long as you can trace them back, show a signed message that that's the wallet you owned or something, it should pass through. Be wary of lawyers who do and don't know about crypto though, since finding one that is in the know makes explaining a lot easier

Best of luck to the two of you.
4630  Bitcoin / Bitcoin Discussion / Re: Bitcoin and crypto currencies are getting dangerous on: August 15, 2020, 06:25:37 AM
You're technically blaming the exchanges themselves, not crypto. Heck, why are we even blaming a medium for doing something invasive towards our privacy like KYC? Mediums don't move by themselves you know, and additionally, KYC is optional in terms of you accepting the usage of that exchange. If you don't want KYC, don't use their exchanges, find some way to transact, like DEX's or Peer to peer sites.

Centralized exchanges ask for KYC mostly for security on the other hand, they just want to provide the service that people want them to have. It's a give and take. They give out quality exchanges and secure your transactions so possibilities of being hacked is minimized as much as possible, while you as a user help them do just that, by providing information. Doesn't mean that you can only use them when using BTC, there are others out there that don't require KYC.
4631  Bitcoin / Bitcoin Discussion / Re: How to make old people understand Bitcoin? on: August 15, 2020, 05:05:29 AM
It's a matter of two things, making Bitcoin characteristic description as simple as possible, and old people having the ability to intake more information. Some old people have this never-ending tenacity when it comes to refusal about learning new things after all, so if they fail at that part, I'd suggest giving up already since you can't really persuade them that way. If they were willing to know or to learn though, you could probably just describe Bitcoin in the simplest of terms as possible. Possibly make a comparison that they would understand.

Possibly make some easy to understand illustrations? Like Point A sends money, then show an illustration of miners so you can describe how blockchain works. Drawings would be a great medium imo, and just try not to use overcomplicated words, those make stuff a lot harder. You don't even need to use the term Block, blockhain, and other stuff like that.
4632  Other / Beginners & Help / Re: Youteme.com scam or legit ? on: August 15, 2020, 02:24:48 AM
Just the fact that you only get money from referring and only when the referred watches a video seems fishy enough. You'd probably be just wasting your time even trying it out. Look for legit beer money jobs out there rather than this sort of stuff tbh, Reddit has all the resources you'd need when you want to start up.  If it's crypto-related though, there's none afaik, except for faucets that is.

Additionally, site was just made YESTERDAY. Here's the simplywhois of their site.

http://www.simplywhois.com/whois/Youteme.com

Sure, that may not be a red flag for most, but honestly, any site that is recently created that offers something like money seems to be a red flag to me, especially if the only thing you'd be needing to do is to refer someone to watch some videos.
4633  Economy / Economics / Re: Are there any investment websites that accept bitcoin? on: August 15, 2020, 01:36:00 AM
Stocks itself already scream KYC though. If you want, you can try looking for a third party that would invest for you via Bitcoin, though that's pretty inefficient imo. There's also the issue of what stocks are available to invest in when looking for a site that even transacts for what you want. I looked up a bit and found that Abra has what you're looking for, investing Bitcoin to Stocks technically, but sadly they have KYC on them. I don't know the specifics of the KYC but you can try checking it out. Do take care since they had some issues with how transactions worked, though that was 3 years ago and I just hoped it was fixed already.

https://thenextweb.com/hardfork/2019/02/06/abra-buy-stocks-bitcoin-etfs/
4634  Economy / Exchanges / Re: BitMex demanded KYC documents. on: August 15, 2020, 01:05:12 AM
https://decrypt.co/38626/bitcoin-exchange-bitmex-is-adding-kyc-for-all-its-users

I suppose they consider mixers as the darknet now? Or just simply an excuse to slowly integrate its users with KYC. Still, it was already inevitable anyway, since starting August 28, you'd have needed to comply with their KYC procedures, which hell, as they said:

Quote
During the ten year span of cryptocurrency activity, there has been growing pressure on crypto companies to adopt KYC and AML regulations, both commonly used in the traditional finance space. Even libertarian-run exchange ShapeShift eventually conceded to regulators, and now BitMEX is falling in line too.

Since you used mixers, I doubt you'd be in trouble and since you yourself said that it came from a reputable source, then that's that. I suppose you might want to just comply with them since you're gonna have to later on so that you don't lose your funds stored in there, as well as saving you the hassle of doing more KYC later.
4635  Other / Off-topic / Re: Are you a man or ...? Buy something right now ! on: August 14, 2020, 06:39:49 AM
Well it is true that spending right now is directly helping the economy of the country, but let's be real, most people probably don't even know that spending helps their economy, and even if they did, with the current circumstances of the world, they'd probably go who cares or something. The majority of the public right now is having difficulties budgeting their finances, and even with money given by the government, they'd probably rather save up for priority expenses such as food, clothes, water bills, etc., instead of buying something they don't necessarily need

Let's not even mention how the said situation would last. Especially with how quarantines are coming back ( at least in our area, and afaik, also Japan), which makes income stop coming in once again after that short period of jobs being allowed to work.
4636  Economy / Trading Discussion / Re: Trader made 89% profit in minutes. Have anyone experienced it..? on: August 14, 2020, 05:21:19 AM
They should have probably emphasized the term "skilled" when stating the trader in the said article. A profit of 89% is really good, not to mention that it was done in a matter of minutes, but the skill and experience required to even think of such an idea would have probably taken years to develop. Not to mention that the trader in talk probably has ample funds, much so that his investment in said trade could be afforded to lose. Plus, dude probably prepared for it quite well, waiting for such an opportunity to come. It's never easy to make a profit of $40k in minutes when the market we are currently at is very volatile. It didn't also take only skill imo, an immense amount of luck was used up here to even successfully manage to pull it off. One wrong move and he could've basically lost a lot after all.
4637  Bitcoin / Bitcoin Discussion / Re: MicroStrategy company adopts Bitcoin as primary treasury reserve asset. on: August 14, 2020, 02:16:28 AM
Big and ballsy move. Props to them trusting Bitcoin with that much money. Trusting Bitcoin with their assets could surely open up the eyes of other companies out there that Bitcoin can perform its role as a safe asset. Though I highly doubt adoption would increase due to this, at least, more people would know of Bitcoin and would probably consider using it to save themselves from possible effects of inflation. Market changes probably a small dip but that should be it.
~
I doubt it would become one. If it ever becomes their playground, I doubt Bitcoin would even prove to be that valuable anymore, since you can consider Bitcoin as a currency backed by its community. Even if they did play around with it, it wouldn't last that long since they wouldn't really gain any profit by then.
4638  Bitcoin / Bitcoin Discussion / Re: Flooding in China effect on bitcoin on: August 14, 2020, 01:42:38 AM
I really doubt mining farms wouldn't do anything about it, especially since they pretty much should be updated on factors that could stop their mining farms. Even if it did affect the miners, I doubt a huge difference would happen with the price. Plus, does anyone even know how many mining farms are there for said areas to be affected by the flood? Additionally, rain seasons are quite normal to be expected around this time of the year, so expecting something close to a flood and/or damns releasing water would've been quite expected already. Information is power as they say, and seeing as these people are owners of mining farms, they probably know what to do in case of various disasters incoming.
4639  Bitcoin / Bitcoin Discussion / Re: Interesting CoinDesk about "Dirty" Gold and "Dirty" Bitcoin on: August 14, 2020, 01:20:50 AM
Mixers exist okay? Dirty Bitcoin in the end would only remain dirty on the hands of someone who doesn't know about how it works and how to avoid detection. Sure, in the future there may be a way for mixers to filter dirty coins from being mixed, but right now? No such precedent exists afaik. Plus, even if some coins were detected and obtained by a legal team, said coins would then be auctioned off in public to mark it as clean.

The article discusses a bit about checking the transaction history of Bitcoin whenever being traded to make sure it's clean, but what if they passed by the mixers as I said? Transactions would be cut off from there, and what would be the judgement for coins that came from mixers? Would they be labeled as dirty even though some of them may just have came there to mix their coins for other purposes?
4640  Economy / Economics / Re: Will African countries be developed? on: August 13, 2020, 11:08:16 AM
Corruption is way too prevalent in Africa. It's like the saying A dog doesn't know the true value of a jewel even when he picks it up (or something similar to that). They don't understand how valuable Africa is, and how they could've easily escaped from their current problems right now if only their Government knew how to manage their country properly. Factors such as colonialism doesn't really help them from developing much as well.

First move of theirs should probably cleansing their government as well as stopping the blame of their economy regressing because of colonialism. After that, as long as someone responsible is under control, then their problems with regards to infrastructure and trading should easily resolve itself with time, which is one of their main problems right now when you exclude corruption.
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