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4801  Economy / Scam Accusations / Re: Nilecoin is any fake coin? on: October 03, 2017, 05:41:00 AM
Go to the Altcoin Discussion board if you want information on a certain coin, this section is for reporting scams. On a slightly unrelated note, the Nile name (river) has no relevance to Vietnam or Thailand so why did it pick up any interest in those countries? People might be able to give you pointers on their experience, but nobody except the developer knows its future plans
4802  Economy / Economics / Re: WHAT HAPPENS WHEN YOU HAVE A NASTY DIVORCE AND A FAT BTC WALLET? on: October 03, 2017, 05:36:53 AM
It depends if your other half knows about your digital currency? If they do and can prove it, then it would simply become an asset that needs to be split along with all the other property. It largely depends if you are an honest person and want to be upfront with the judge. What if you've got gold bars buried somewhere that your spouse doesn't know about?
4803  Economy / Economics / Re: Bitcoin eventually disappear... on: October 03, 2017, 05:33:53 AM
It could happen, as there really is a low circulation of whole bitcoins in the world compared to the amount of people. Over time a lot of them will be lost and have been lost already, I'm not sure many people will like to use tiny decimal amounts in the long run. You could also argue that bitcoin is the first iteration of a working digital currency and it seems inevitable that an improved implementation will take the market share.
4804  Economy / Collectibles / Re: Gravitates Grand give away on: October 03, 2017, 05:17:31 AM
To be fair, I think it'd make more sense to auction off the items - put it into one pot and split it with anyone who has a valid claim. However, Gravitate might not be strong enough to fight off all the claims that have ruined his business (right or not) so may just disappear for now.
4805  Other / Politics & Society / Re: BREAKING: biggest US government orchestrated shooting in history - 400 wounded on: October 02, 2017, 03:40:46 PM
The dust hasn't even settled and you are already claiming a conspiracy theory. It's sad that some people are so disillusioned with reality that they have to make up stories to get attention or try to antagonize others. I feel bad that your life is so sad that you have to pounce on tragedies like this.
4806  Economy / Speculation / Re: Is this Forum full of 'normal people' who over the years became filthy rich? on: October 02, 2017, 03:37:20 PM

Mine:
I invested about 10k in bitcoin at about 600 usd, that was about 4 years ago. Was all my money at that time, i saved it in the 6 years before that. Read some book about where to safely invest that did not mention bitcoin at all, then i saw video about bitcoin and put money there.
Then it went lower for more than a year, down to 200usd. When it finally went over 600 again, i sold 1/3rd, argh Smiley
So it's about 8x to 80k now. Great stuff, but 80k is not exactly big money. (But it's big compared to my income, it's about 8 years of my salary actually)
Stupidly i did not put my money i saved in these years into bitcoin.. i just did put it again into Bitcoin recently - i decided to go all in again. The bet is that bitcoin goes to 7k or above in next 5 years. (If it goes below 3500 i start to lose my not-yet-realised wins, if it goes to 7k i will have 200k, if it goes to 15k i will have 400k; - 200k and 400k (euros) means different amounts of financial freedom for me: of not 'having' to work to just survive, but to have income through just having money. (6% interest of 200k is 12k euros per year. I can live off that)


It sounds like you invested well and it paid off unexpectedly. Beware that Bitcoin can drop again, it might just sound like scaremongering but you never know what tomorrow will bring. You may get lucky and multiply it again, but it'd be wise to cash out a certain amount and put it into very low risk (low return) savings. That way you'll have some money safe if the price drops.
4807  Other / Off-topic / Re: US vs China on: October 02, 2017, 02:47:57 PM
Nobody would win in a war like this. If the situation got that extreme to escalate to physical conflicts then you are talking about nuclear war. When those warheads get loose then China and America would wipe each other out, leaving the earth to cook in the aftermath.
4808  Economy / Gambling discussion / Re: the future of gambling on: October 01, 2017, 11:04:20 AM
I don't think mobile devices, especially some of the smaller screens, give you enough screen space for certain games like poker. It also makes it much easier to make mistakes as you're tapping around the screen which can lead to some expensive mistakes. I think desktops and laptops still have the best controls, but it really depends what game you are playing and whether any skill is involved.
4809  Economy / Speculation / Re: BTC ban is just Gold ban reloaded on: October 01, 2017, 09:34:00 AM
It is always good to look at history for lessons, but this seems like such a bizarre connection to make. There are very few parallels to the modern internet-borne cryptocurrency and trading laws around gold set up in 1934 when the world was gearing up for a global war. Most people know about alcohol prohibition back then, that is probably a simpler analogy to the current bans.
4810  Alternate cryptocurrencies / Altcoin Discussion / Re: USDT - Mt. GOX 2.0, a massive disaster waiting to happen. on: October 01, 2017, 09:29:19 AM
It's always good to keep people informed, this might be better placed in the scam section of the forum. From that article, it looks like the market capitalization of "tether" is ten million USD? I'm fairly sure that Mt. GOX was vastly bigger in proportion when it started to fall over.
4811  Economy / Economics / Re: Can Bitcoin be effectively used to curb corruption? on: September 30, 2017, 07:44:27 PM
Corruption breeds and moves freely in the shadows, if there was a public blockchain for government transactions then it could help in highlighting where money is being badly spent. You need a free press as well to bring down public condemnation and a strong court system able to fire people who are doing wrong.
4812  Economy / Economics / Re: Tech Giants: Above the Law on: September 30, 2017, 07:42:04 PM
If you think America has it bad, imagine how smaller countries are affected by the power of these large multinationals. Some of these companies have marketing and PR departments with a budget higher than the some governments. The problem probably started when the US declared that companies are "people". That meant they could go bankrupt and commit all sorts of illegal acts while the executives got away clean.
4813  Economy / Trading Discussion / Re: Starting the Trade on: September 30, 2017, 07:33:46 PM
Bittrex and Poloniex are two of the most popular ones, as someone already mentioned, but they won't necessarily be working in your best interests. They earn money from trades, so they are looking for volume and don't really care whether you are making a profit or not. Altcoins are very high risk in my opinion, so you'd be better off sticking to more well known coins like Bitcoin and Litecoin.
4814  Economy / Speculation / Re: Cryptocurrencies regulated from October 1 in China! on: September 30, 2017, 07:22:50 PM
You cant say ico tokens are cryptocurrencys.Thay might be currency if tokens will be in real use
Now show me a tokens what are in real use
Now all Asia countrys will work to regulate ico's
But for me it is funny whan chinise exchange Binance is listening ico's
Thay are not chinise and Binance is blocking chinise ip,but so what
I ve been reading somewhere that chinise fintech is like in middleages and now chinise regulators lost his head
Hard to expect anything logic from somebody who lost his head

You are confusing what the authorities are trying to do, they are not cracking down on cryptocurrency as opposed to ICOs. They are cracking down on anything that could disrupt the Chinese currency, which happens to include ICOs. The reason they have probably ignored referencing ICOs so far, is because they are so insignificant compared to things like bitcoin.
4815  Economy / Speculation / Re: Cryptocurrencies regulated from October 1 in China! on: September 30, 2017, 05:54:29 PM
Well there hasn't been any statements in regards to ICOs, just regular cryptocurrencies so I don't know where are you basing your thoughts about ICOs. Also, that's just two days a day from now so we're still not sure whether China will reconsider their decisions that fast, though they're notoriously known to change their rulings in an instant.

If this is true though then what happened in China rumors and bans were just an orchestrated FUD by the Chinese officials and investors.

EDIT: wording.

You know what ICO stands for, right? It's not a word, but an abbreviation of "Initial Coin Offering". Every ICO is a cryptocurrency and no amount of dancing around that fact will protect you. The Chinese authorities are not going to get bogged down in petty semantics like that, if it is banned, it'll all be banned.
4816  Other / Off-topic / Re: Desktop or Laptop?Why? on: September 30, 2017, 12:37:15 PM
I like to use a PC for gaming because it's hard to get a comparable laptop and it would be awkward to play on. It's difficult to use a laptop for a long time as the screen should really be further from your eyes and it doesn't have the same cooling abilities. However, as someone else mentioned, being able to use a laptop without a power source is very useful
4817  Economy / Gambling / Re: (Prediction market?) Anyone willing to bet on Amazon accepting Bitcoin? on: September 30, 2017, 12:13:35 PM
It would be an amazing breakthrough for bitcoin and other cryptocurrencies if Amazon figured out a way to accept it. News like that helps to underpin the current price and if one of the worlds largest retailers started to accept it, then wider use by the public could follow. That said, there must be massive security, regulatory and legal hurdles to overcome before that can happen - Amazon has lots of resources to do it and might see the current bitcoin value as worth the risk
4818  Economy / Gambling / Re: looks like bitkong site is secretly mining on users machine - (Browsermining) !! on: September 30, 2017, 12:11:14 PM
It is very sneaky and underhanded, probably illegal, to use peoples machines like this without prior permission. However it is a very interesting avenue for website owners to generate advertising revenue, as long as their users have been informed in advance. Do ad blocking add-ons for browsers block these browser miners? Seems like a good idea to install it on any machine
4819  Other / Beginners & Help / Re: Can some cash the ICO money if token are not listed on an exchange on: September 30, 2017, 11:42:40 AM
Hello Guys,

I am looking into several ICOs and I was wandering if they can simply take my bitcoins or eth, issue my tokens, then simply cashout and leave me in the dry?
Is there some protection that ensures my token should be at least tradable before they cashout?

thanks,
Rado

You have no protection whatsoever when it comes to ICOs. Any person with an internet connection can "create" them and they can also disappear. I've seen many times where scam ICOs use all sorts of tricks to fool investors into thinking their money is safe, but it can be already spent by the time you try to cash out. Even if it is a legitimate ICO (if they exist) then the value will collapse to near zero at some point, because there is little need for alternatives to bitcoin right now.
4820  Economy / Scam Accusations / Re: minetothemoon (MINING FARM SCAM) on: September 30, 2017, 11:33:26 AM
It sounds like you have spotted a scam, it may help if you screenshot and highlight where you have spotted identical images being used. That way if they remove them there may still be evidence around, try to cut the image down to an appropriate size for the forum. It sounds like you're sensibly researching ICOs but it is probably better to avoid them altogether, as very few offer any innovative features.
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