Hope you will not lose interest in Crypto and will continue to invest in crypto,and use this as a learning experience mate. Yeah,right.If I was at OPs place and I got scammed losing 3.5BTC I would never look at Bitcoin again(even though it's not Bitcoin's fault).  I don't know whether or not the OP is a Bitcoin noob or not.Having 3.5BTC and putting them in one wallet(even though it's Electrum) is a rookie mistake. I really hope that he will recover from this loss and make enough money to give Bitcoin a second chance and invest his savings wisely next time. |
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As of now crypto is surviving this harsh period wherein we have seen Bitcoin doing better han expected and same goes with altcoins as well but where will we find ourself at the end of pandemic? If the situation worsens do you think we will get more investment from newbies who might by switching from their traditional investment to a crypto as none of the businesses are going to prosper during this situation so there are chances we will get more investment into crypto or else there are possibilities of massive cashout if crypto decline as the existing players would switch to gold atleast to keep their investment intact.
Kindly share your suggestions
My assumption is that,at the end of the coronavirus pandemic,Bitcoin will stand at the place where it is currently standing.The BTC price will be somewhere around 10K USD(maybe above or maybe below) and nothing will change drastically.The expected army of Bitcoin newbies will never come,because many people will lose their jobs and savings during the recession,so they will try to find a 9/5 job,instead of joining the crypto markets. The major institutional investors will get support from the central banks,so they won't be interested in investing on the crypto markets. |
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This looks interesting,but what are the rules?I've never plaid the original Monopoly game.
What about copyright infringement?Won't this Cryptocoinopoly game kinda copy the design of the Monopoly game and get into copyright infringement?
Good luck,if you really wanna try and create an actual game out of the Monopoly concept.
Do you have any experience as a game developer/designer?Creating such game isn't that easy,I guess.
I think that turning this into a gambling game will not be a good move.
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A few months ago I discovered the website ipayyou.io.This website isn't popular at all,despite the fact that it has been around since 2016.I've seen a few positive reviews about the website,but the lack of popularity kinda makes me hesitant to try this service.Basically ipayyou.io is an alternative to purse.io.
Has anyone here used the website to sell amazon gift cards for BTC?Has anyone been scammed by this website? I would like to know your opinions.
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My response to this will probably be: not everyone's an introvert...
Some people require physical contact from others, some people require conversations with other people to function normally/feel healthy day to day. I think for a lot of people, the past few months is going to be something they won't want to reflect on for a while.
There have been reports of a rise of non covid-linked deaths and I think the UK put the figure at 20000 from people not wanting to go to hospital to people commiting suicide because they're away from people for so long and don't want to go through the uncertainty. Not to mention a lot of socail media and annacdotal evidence of people who thought they wree being helpful by shouting at people for gathering with friends and socialising because they were being radicalised by their work or by the mainstream media (which sought to over dramaticise everything)...
More recently though, the idea of wearing medical grade face coverings after the pandemic is over could be a choice a lot of people will be able to make. Non medical grade stuff, I imagine, will have little effect on anything.
What do you mean by "not everyone's an introvert"? Do you think that introverts like to be alone and isolated forever?Do you think that keeping social distance for weeks can make someone depressed and even force him to commit suicide? I don't get what's the main idea behind OP's forum thread.The human resources are important for every economy,but it was stated many times that COVID-19 is not that dangerous for young,strong and healthy people.COVID-19 is very dangerous for the old and sick people,which are not a part of the work force. |
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Privacy is one of the most underrated feature of bitcoin. But most over-used feature of bitcoin by the scammers, money launderers, terrorists, drug dealers, arms dealers, Child pornography makers, PII sellers, contract killers etc. The list is long and I can write a 1000 words article on it. Those who have no idea what I am talking about, please visit dark web once with proper precautions like VPN and you will understand! Bitcoin literally is accepted everywhere in dark web for all sorts of illegal things. Dark web will open up a whole new world of bullshits in front of you - and yes, all powered by Bitcoin! “I don’t need privacy, I have nothing to hide”
“Blockchain is a public ledger where all the informations are completely traceable”
Those are two very wrong and “dangerous ststements”.
Also, is very common, even for experienced users, to trade privacy for some convenience, a nice and easy UX, or some unnecessary feature. Earlier also, I had a long debate with fellow forum members on similar topic. It's true that blockchain ledger is open for public and every information is traceable there. But that doesn't really matter because even if the information is available, the information owner is not known! So even if we see someone sending millions of dollars using bitcoin, we don't know who is doing that! So the information matters least unless you can link it to an owner! I am not bitcoin puritan but I really want to see a clean bitcoin network rather than being synonymous to illegal things! Just check the number of financial frauds happened in last 3 years and see how many are connected to bitcoin. Not a good picture, really! So for me, this privacy feature of bitcoin is really taking us off-track than bringing us on-track where we can see organic growth among the legal merchants and users. Really sad to see! Privacy is actually the most overrated feature of Bitcoin.Bitcoin isn't private enough,that's why all the people,who have something to hide are using thirty party solutions,like Bitcoin mixers/tumblers. Bitcoin has been used on the Darkweb,that's a fact and we can't change it.Actually,almost every altcoin can be used for darkweb transactions,but we are focusing on BTC,because it's the most popular cryptocurrency. Achieving a scammer-free Bitcoin network is impossible.Cash is also being used by criminals,but we don't blame it for being "scammer-friendly". |
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Trying to explain the 10K USD to 9,2K USD price drop only with the miners selling their coins is a big oversimplification.
The BTC halving hype was gone so many traders decided to sell their coins and cash out their profits.
The constant negative news regarding the future of the global economy and the recession also have an effect in creating more selling pressure over the crypto traders.
The miners have less revenue,due to the halving,but the electricity costs in many countries(like mine) went down,due to the recession,so the mining costs went down as well.Based on that,I don't think that the miners will have any problems,that will force them to mass sell their BTC reserves.
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1.The current fiat monetary system won't be destroyed anytime soon.
2.Decentralized finance is a buzz term,just like blockchain technology,smart contracts and Dapps.
I won't be surprised if the De-Fi projects turn out to be the ICOs of 2020-a bunch of scams.
We all remember how cool and popular ICOs were in 2017.How the initial coin offerings are gone.
We can't automate lending and borrowing.If it was so easy to automate lending and borrowing,all the banks would be 100% online,without any bank clerks and offices.
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A "safe heaven" is a financial asset that is considered stable and not risky.Gold is the only safe heaven asset,because the demand for gold will last forever and people will always consider gold as something valuable.
Bitcoin is not a safe heaven NOW,because the BTC market price is too volatile and such investment into bTC is too risky.
The important thing is that Bitcoin MIGHT become a safe heaven asset in the future,as Bitcoin adoption grows faster across the globe.
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We are aware that most of the countries economy has gone for a toss and many are at the brink of collapse but who has been the biggest winner of this pandemic? is it corporate medical industry who are charging abnormous fee for treatment or else a particular regime who is silently buying stakes of major groups at lower price during this situation? Do you think this was a man-made virus to destabilize the world's economy and buy huge shares so that a vaccinations can be rolled out once the enough damage is made ?
We are still at an early stage of the coronavirus pandemic,so it's too early to decide who is winning. It's pretty clear that the pharmaceutical industry is going to be one of the biggest winners,but let's not be so optimistic about the creation of a working vaccine against the virus. The global recession is a great opportunity for come countries and corporations to buy cheap and undervalued assets,so they are taking advantage of that opportunity.This is completely normal,but I don't know whether or not the virus was created deliberately,just because a part of the global elite wanted cheap assets and more power. The question about who created the virus will remain unanswered forever,because there won't be enough evidence. |
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Small farmers in developing countries won't use both financial derivatives(like put options) and blockchain/smart contracts.They simply aren't tech savvy enough to understand the risks and benefits.
What makes you think that smart contracts are better than put options?The few "pros" that you mentioned-lower transaction costs,flexibility,etc. are debatable and still not tested in real life.
I really want the blockchain technology to get implemented in many industries,including agriculture,but what you are writing here is just wishful thinking.
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We still don't know if this is an exit scam or the exchange wallet address has been hacked.
I would be very suspicious,if some cryptocurrency exchange platform is keeping all the Bitcoins in a web wallet.The hypothesis of an exit scam should be investigated,even though the Cashaa team reported the theft.
Anyway,this is just another case that proves that we need the creation of fully function decentralized crypto trading platforms,where the users will keep their private keys.
Exchange platforms like Cashaa are no better than any regular bank.They can be even worse than banks.
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If I understood this correctly, the statement you quoted already answered the question: “Records obtained from Bitpay, a processor of cryptocurrency transactions, indicated that between approximately September 18, 2015 and November 29, 2016, the 16AtGJ BTC wallet made five purchases associated with the Gmail account hustleandbustle@gmail[.]com (the “hustle Gmail account”).
“Based on records obtained from Apple, an iCloud account (Subject Account 1) was subscribed to by Jacob Olalekan, listing the 7890 phone number, the hustle Gmail account, and a physical address in Johannesburg, South Africa.” He pretty much made a purchase through BitPay using the funds that he collected through his scams, and since it looks like he used his personal email(hustleandbustle@gmail[.]com), it was tied to his Apple iCloud account. For a smart guy to pull-off these scams, it looks like he ended up making an amateur mistake in the end. Not using a Bitcoin tumbler+purchasing via Bitpay and using a gmail account is a big mistake.Hackers don't use Gmail,unless it's some throw away account with fake information.Usually those scammers can be very manipulative and sneaky,but they aren't that smart.That guy mage 6 million dollars out of scamming,so he got overconfident and forgot about some security measures.This is what happens when you use Google and Apple-The police can easily find your personal info. |
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Did Bitcoin just evolve to satisfy the masses or was the whole project hijacked by the Puppet masters from the traditional Fiat system to stop the revolution and the inevitable change of money as we know it? Who are the "puppet masters of the fiat system" that "hijacked" Bitcoin?Can you name a few? I think that Bitcoin wasn't hijacked by anyone.Rover Ver and Craig Wright tried to hijack Bitcoin,but failed miserably,so they hardforked Bitcoin and created BCH/BSV. During the last few years,Bitcoin turned more into a speculation investment asset,which isn't necessarily a bad thing.The core concept Bitcoin hasn't been changed by anyone,so Bitcoin can still be used for funding projects like Wikileaks. If you ask me,evolution is a better process than revolution.All the revolutions usually end badly.  |
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Bitcoin changed the life of every person,who got involved in the crypto world.It's good to know that Bitcoin can actually help refugees in terms of getting a job and making money,and also sending funds overseas to their struggling families.
By the way,there's something missing in this article.
I read that this guy was maintaining the Facebook page of some Egyptian software engineer and early Bitcoin adopter.That doesn't mean that this guy from Syria owns or trades Bitcoins.Does he own or trade BTC?There's no clear explanation how and when he discovered Bitcoin and when he started to maintain the FB page of the Egyptian guy.
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As we enter the digital realm due to the effects of COVID-19, the process of central banks phasing out physical cash from existence might take place soon. Before the outbreak, we've been accustomed in using credit/debit cards and contactless payments greatly eliminating the need for physical cash. Now that we're in a "COVID Era", things have accelerated quite a bit. Banks and governments are in talks of adopting CBDCs which could completely eliminate the need to pay for things with physical cash. Now the real question is, how long will it take banks to start the transition from physical to digital cash (CBDC)? Do you think that physical cash will still be used right after governments adopt CBDCs in their entirety? Or will it take decades before every single person in the world stops transacting with physical cash, paving the way for a full-fledged cashless society? Your input will be greatly appreciated.  The idea of a cashless society isn't good.A cashless society isn't gong to be some utopia,it will be a dystopia.It will turn people into slaves.I'm a cryptocurrency supporter,but I don't want a cashless society. Anyway,no central bank in the world is currently stating that it will dump paper money.The CBDC projects don't necessarily mean that central banks will dump paper money. The transition from paper cash to a cashless payment methods is going to be pretty fast and easy,but only in the developed countries in the western world and the far east of Asia. |
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So Bitcoin having a high correlation ratio with a stock index is supposed to be a good thing?Why?
I think that Bitcoin and the cryptocurrency markets in general are supposed to act different than the traditional stocks markets.When the stock markets goes down,the crypto markets should go up,because the investors should be selling stocks and buying crypto.This isn't happening right now.
The people who say that Bitcoin is boring simply don't know what they are talking about.
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Regardless of who is on top right now, remember that no service lasts forever. Love the service but don't love the company. If they start giving you crap, then leave straight away.
That's right.The crypto exchange business is extremely competitive and one wrong move can make your customers run away from you right into the competitors. In the future,at some point,all crypto exchange platforms are going to look exactly the same,in terms of features,transaction fees and the horrible ID verification process.The only thing that could possibly add value will be the customer support and how they are treating their customers. Having millions of customers means lots of money and effort spent for a good customer support team.SO far Binance is OK with providing customer support.Let's see what will happen in the future. |
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To make our economy stronger we need Government to give full support to cryptocurrencies
How is that going to happen?We don't have the power to control our governments The only way is to vote and help for electing politicians that are cryptocurrency-friendly.I can't see this happening. The Governments and central banks will never fully adopt cryptocurrenices,because: 1.Cryptocurrencies are making tax evasion easier. 2.Central banks will lose control over the monetary supply. 3.Governments will lose the "inflation tax" extra revenue. There are more reasons on the list,but this topic has been discussed before,so there's no point of starting it again. |
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Can you mention a purpose or function,that would make creation of Bitcoin Smart contracts needed?
Can you mention a problem inside Bitcoin Core,that could be solved with smart contract?
Smart contracts are simply a buzz term,just like many people consider blockchain technology to be a buzz term.It's cool,new and innovative technology,but can it solve a particular problem?Maybe,or maybe not.
Will Bitcoin smart contracts make Bitcoin Core better?Maybe,or maybe they simply aren't needed.
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