Bitcoin Forum
June 21, 2024, 04:55:22 PM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 [27] 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 ... 88 »
521  Other / Politics & Society / Re: NK State media: NK tested a "tactical guided weapon" on: April 18, 2019, 12:32:07 PM
It is important to understand that NK already gave such denuclearization promises multiple times and every time they failed their promises as soon as they got some benefit.
This time looks exactly the same: Trump tried to force China not to export any oil to NK and this time China was ready to do it. As we know the economy of any country is not working without oil and NK is not an exception so Kim decided to start a conversation... Again...
Well, as we see not their dialogue failed and everything goes the same way as it was before.
522  Economy / Economics / Re: How adoption will happen on: April 18, 2019, 12:15:25 PM
Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.
If cryptocurrencies get a reputation of a currency of dictators and scammers then why do people in normal countries have to use it? This kind of adoption definetely won't happen.
Such things like Bakkt may increase the BTC volume and market cap, which would lead to more stable exchange rate and decrease of volatility. That still can't be considered as adoption but it would make it easier to use BTC for daily purposes.
523  Bitcoin / Bitcoin Discussion / Re: Bitcoin Popularity Soars in Argentina Due to Mass Inflation on: April 18, 2019, 11:31:51 AM
Why do people in this country choose Bitcoin as an alternative currency? But it is significant that this is excellent news as it is pushing people closer to Bitcoin. I think everyone in this country should choose USDT because of its stability and 's Stable coin.
In countries with high inflation first of all people are buying a good old paper dollar. Bitcoin holders are still a tiny minority in the general number of people and I think that its growth is still pretty small. For example earlier there was 1000 BTC holders in Argentina and now this number has turned to 3000 people. Still not much but there it a 300% growth in popularity.
Fiat currencies will always be the main option of saving money from hyperinflation unless government bans all ways to buy it.
524  Bitcoin / Bitcoin Discussion / Re: On-chain Security. Thoughts? on: April 18, 2019, 11:17:43 AM
It doesn't seem like Binance have any vulnerabilities, at least no one is publicly talking about it. I think that all this mess was started in order to show governments that Binance is safe and legal platform and prevent any further ban attempts.

Slowly, we're drifting away from the ethos of bitcoin regarding privacy, and I think we ourselves were to blame since we wanted bitcoin to get legalized and be accepted in the whole world.
No one said that Bitcoin was created as a private currency. You can still see every BTC transaction on blockchain.

what you said has nothing to do with "security" specially "on chain". you are talking about privacy and the fact that some companies have always been trying to take that privacy away from bitcoin users and they have started doing it from early years, this is not a new thing and anybody who enters bitcoin should know that bitcoin is not an anonymous coin although it offers you a good deal of privacy.
I disagree. Bitcoin is an anonymous coin even if it does not offer advances privacy measures like Monero, Dash etc, but it provides sufficient anonymity to its users unless KYC is enforced by the exchange, p2p platform etc.
Cash is a kind of anonymous money until you come to the shop and show your ID to buy some wine.
You have to show yourself to make any purchases, no matter what money you use.
525  Bitcoin / Bitcoin Discussion / Re: Facebook is discontinuing P2P payments in Messenger. Is working on a cryptocurre on: April 17, 2019, 02:18:06 PM
Whats really mad about this is that Facebook has planned to "raise" a billion dollars towards developing something that already exists in a much better format. What are they going to use that billion dollars for? Buy mining hardware, marketing, influence exchange prices..??

As leonair pointed out, Facebook has been gobbling everything in order to keep the social media space monopolized. Do they have the capacity and the gall to try that with bitcoin?? Definitely no. So what are they going to do raising this cryptocurrency thing.

To me it seems like another one of Zuckerberg's semi-philanthrophic ventures. Remember the time when they proposed free internet to poor indians but surprise, it'll only run facebook and certain other limited apps free. More than free internet, it was free advertising for them. It didn't work out that well. I think an "airdrop" of a few cents worth of centralized tokens to world's poor is his idea of "acquisition costs" now.

Nobody to stop him in the name of net neutralityn once they use those "billion dollars for development" to prop up their shitcoin on a few exchanges.
I believe that they gona issue some stablecoin like USDT that will work for payments inside their messanger (like it works with WeChat Pay in China) but in this case it is unclear how they gonna raise funds. It definetely won't be an ICO because the price would be stable and there would be no point in investing into it. Maybe they have some private or institutional investor among their shareholders but generally, all this mess around FB coin won't have any impact on other cryptocurrencies.
526  Bitcoin / Bitcoin Discussion / Re: Bitcoin need this function desperately - Payment Callback on: April 17, 2019, 12:10:09 PM
If such function would be implemented without any 3rd party it would be even worse than current PayPal / Bank chargebacks. In case with a chargeback via bank you still have to submit a chargeback request that would be reviewed by a special team that would refuse to make a chargeback if they find that that was not a fraudulent transaction.
If every single person would be able to make a chargeback via his wallet then it would probably open big opportunities for scammers.
527  Economy / Exchanges / Re: Binance to open Singapore fiat-to-crypto exchange in April on: April 17, 2019, 09:52:47 AM
For now, I don't really care with which fiat currencies BTC is paired. The real problem is fiat funding and withdrawals on crypto exchanges. In most cases you have to pass all levels of KYC to be available to send and receive only bank transfers. Not everyone is able to send this kind of transfers and it may take a several days to send some money to exchange while PayPal is considered as an unsafe and card transfers are not allowed by banks or also unsafe.
528  Economy / Speculation / Re: Bitcoin Could Exceed $1 Million in 7 -10 Years: PayPal Director on: April 16, 2019, 05:17:22 PM
“In my (subjective) opinion those chances of succeeding are at least 50%. If Bitcoin does succeed, 1 Bitcoin may be worth more than $1 million in 7 to 10 years. That is 250 times what it is worth today (at the time of writing the price of Bitcoin is ~ $4,000),”- Xapo CEO Wences Casares

News Courtesy - https://www.ccn.com/one-bitcoin-could-exceed-1-million-in-7-10-years-paypal-director

Just imagine what market cap should we get if a single bitcoin would cost 1$mln. That numbers would be able to compete with the other fiat currencies, which tbh doesn't seem realistic. And what should happen to make people invest in cryptocurrencies at least the same amounts as half of its "potential MC"? Probably nothing because it wouldn't happen.
The larger MC is, the smaller growth it will provide. It is easier to buy a pen for 1$ and resell it for 1.5$ with a 50% growth but you won't be able to resell it each time for 50% more.
529  Bitcoin / Bitcoin Discussion / Re: Crypto Bull Tom Lee v. Bear Tone Vays on: April 16, 2019, 04:31:54 PM
Optimist vs Pessimist! This is interesting. I do not agree with the bear, but I disagree with the bull too in this case. In my opinion:

By June, Bitcoin value --> $6k
     Sept, Bitcoin value --> $7k
     Nov,  Bitcoin value --> $8.5k
     Dec,  Bitcoin value --> $10k

Am expecting Bitcoin value to rise organically through out this period.

2020 Halvening -> Bitcoin value --> $15k

This is my analysis and I am bullish about the future value of BTC. Hail to the king!
And what makes you believe that in november BTC would be at 8.5k and not 3k or 9k? You are taking data out of nothing while Tom Lee is backing his decision with a market chart analysis.
Crypto market is full of not qualified "investors" that believe that cryptocurrencies would increase in price just because they exist.
530  Bitcoin / Bitcoin Discussion / Re: Miner One BTC Mining ICO CEO Pranas Slusnys arrested for 6+ million dollar fraud on: April 16, 2019, 01:57:07 PM
I am just surprised to see even after such an harsh atmosphere in the crypto industry, people are still investing in the ICO shits. You could find thousands of examples of fake ICOs on the forum itself, some of them have fake teams and others are just MLM. It's pretty hard to find a legit project to invest in today's days.
The worst thing is that sometimes legit projects are not rising enough funds because of that shit. ICOs are getting an audience from some HYIPs and not qualified investors, if everything would keep moving this way they will definitely drown in shit.
It feels like for some reason most of those people, that are arrested for scam ICOs really thought they can steal some millions in crypto and no one would bother to find them.
531  Bitcoin / Bitcoin Discussion / Re: 12% drop of Bitcoin trading volume on LocalBitcoins after Apr. 1 price jump. Why on: April 16, 2019, 01:49:43 PM
My guess is that it's related to them recently cracking down on KYC requirements.

LocalBitcoins to Do Away with Anonymity to Comply with Financial Regulations
I remember that LBTC asked me to pass KYC somewhere at the end of 2017. Anyway, recent decrease is hardly related to KYC changes.
It is a pretty logical thing that when people were holding their coins for a long time and now finally got a chance to sell it for the better price they actually selling more coins than they were selling before. That's not really a volume decrease, that was only a spike and now we are getting back to normal numbers.
532  Bitcoin / Bitcoin Discussion / Re: Crypto Cowboy Binance Wants to on: April 16, 2019, 01:45:02 PM
http://fortune.com/2019/04/15/binance-regualtion/

Compliance focused strategy seems to be leading the way with Binance's recent partnership announcement with cyber security and blockchain forensics firm CipherTrace. Fraud and money laundering are real and if we can somehow avoid it at all costs that seems fair to me, what are your thoughts?

Crypto is supposed to be private and unregulated, it seems like it would only slow things down for everyone while the launderers would find another way...
Here is what you have to do: open your crypto related business, do not legally register it because you are working with crypto and it supposed to be free, when an officer comes to you tell him the same, keep repeating the words about free crypto to your cellmate.

Even if you work with crypto you have to obey the laws of your country. Seems like Binance is developing their AML service to prevent different kinds of arrests and sanctions against them. That's a normal and logical thing.
533  Other / Politics & Society / Re: Notre Dame destroyed by fire on: April 16, 2019, 01:27:53 PM
The global tragedy is that modern architects do not use any kind of artwork in their buildings. That's the last trend in the architecture: to build some so-called "minimalistic" buildings from concrete and glass, get huge money for that and be happy. For the first time those buildings may look unusual but in a couple years after everyone get used to those innovations, it will look like shit.

One more beautiful building was heavily damaged. It will probably be restored but in general, we will see less of those beautifully decorated buildings.
534  Economy / Speculation / Re: Realistic Predictions for Bitcoin? on: April 15, 2019, 06:26:06 PM
To change such fiat usage even centralized medium introduced some stable coins in the market may be in future we can find the many countries own coins.
Fiat money (and every other currency) is used as a medium of exchange and it would be used like that. Usually, people are not buying fiat money to get any profit and it is not considered as an investment. The same thing gonna happen when any country would issue its cryptocurrency. That would be a stablecoin that would serve as a fiat currency but would be more suitable for some online transactions. People are not supposed to get profit from this coin.
535  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Binance will delist BCH Satoshi Vision on: April 15, 2019, 04:22:08 PM
All those forks are nothing more than scamcoins. Their only purpose is to offer BTC users some "free money" and create another market that would steal some part of the market of the other cryptocurrencies. The worst things that those golas are usually achieved by spreading tons of FUD screaming that all other coins are fake, would die tomorrow or the creator's vision and only this shitcoin can save us all. And exchanges easily list this garbage because it is a free volume for them.
That would be a great improvement if ALL this garbage will get delisted from all decent exchanges.
536  Other / Politics & Society / Re: China hacks American companies, and they turn a blind eye on: April 15, 2019, 02:18:50 PM
China is the USA's biggest competitor in the world, and China isn't playing fairly in the least. They're prepared to (and have) hacked US businesses-- and not only the small family businesses, they're hacking companies like Google, Apple, etc in an attempt to build their own large companies. I hope to god that this is stopped, and that China faces severe penalty for their actions.
Nothing new really happens. China has always been copying (or stealing) the american and european technologies. They already have their own google and something like Xiaomi can easily become a new Chinese apple. The ways they are getting those technologies were always shady but it also shows that China can't provide their own innovations. We've got nothing to warry about.
537  Other / Politics & Society / Re: Austrialia wants to ban online anonymity - globally on: April 15, 2019, 02:05:50 PM
More use of the Hegelian Dialectic to strip us of our freedoms piece by piece. Never submit.

https://www.zerohedge.com/news/2019-04-13/austria-wants-ban-online-anonymity-and-urges-world-follow-its-footsteps

It really feels surreal that it is 2019 and places in Europe are still trying to silence people's speech.

It is one thing to filter certain words from being used. It is another thing to ban people for using words that are allowed.
Everything has been coming to that for a long time. Recently, with all those Facebook scandals all EU countries made their changes in laws, that are related to data storage.
Such policy can be provided in different ways, for example in Poland you have to verify your sim card with your ID to activate it, then it became easy for the government to identify the user in social networks. Media platforms like FB or twitter would kindly help with that.
This hate speech shit was started by US leftists and spread to the entire western world.
538  Economy / Economics / Re: Widening Russia Money Laundering Scandal Hits European Banks on: April 15, 2019, 01:53:10 PM
All those news about Russian money laundering is a completely political question. If some countries like UK are creating an attractive environment for storing money there or open a business with low taxes. They don't really care where those money came from and tbh no one have any permissions to request russian state bodies to provide AML insight information. And then, when the witch hunt begins, everyone is so surprised with the current situation.
539  Economy / Economics / Re: Man who created own credit card sues bank for not sticking to terms on: April 15, 2019, 01:41:52 PM
It seems to be a funny joke but nothing more. This guy probably just changed rates of the existing bank products, which would probably make the contract not valid because that bank does not provide those services. In other words if I want to buy a car and attempt to cheat and change the parameters of some shitty Renault then it doesn't mean that the factory have to produce a renault with an engine from a space shuttle.
Also we see that it is Russia and everything is possible there. Bank can easily sue him for fraud or something like that.
540  Economy / Economics / Re: What is p2p lending on: April 15, 2019, 01:08:17 PM
1. First of all you should move your thread to service discussion. Here no one really gives a shit about the project you are advertising.
2. You have creates 2 almost the same threads in a single section. That's called a spam and it is more likely that those threads would be deleted and maybe your acc get banned.
3. Advertising your service by violating forum rules is not  a wise move.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 [27] 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 ... 88 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!