As one of the world's leading economies with countless cutting edge technologies, Japan has maintained its high-profile status for many decades. Even in this World Cup, Japan has defeated Germany and Spain, striving to the next level of competition. It seems that Japan does not need to prove to be a great nation to the world. However, in the crypto industry, we barely heard anything great from Japan, no leading blockchain ecosystem or any cryptocurrency exchange alike. Why ? Please correct me if I am wrong.
I am sure they do have cryptocurrency exchanges in their country. But we don't hear much about those exchange because of those few exchanges that is dominating the whole crypto market (which is never a good thing...). They are like most of the other countries in the world being quite about it and making their own laws and regulating it. If you notice, you will see that is the States and few other countries that are always loud about crypto currencies. As far as I have heard, the Japanese government is helping their users withdraw their funds from FTX. So I guess they do have strong laws related to crypto currencies that protect their users. |
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My dad recently told me he finally got a ledger but not from where I told him to get it from 😅. After speaking with him about the current conditions in the market that he is well aware of I explained to him that even with a major retailer like Best Buy it’s not wise to take ANY chances. He’s returning it and ordering directly from the manufacturer Ledger in Paris now. Can anyone else please confirm my hesitation with the Best Buy purchase? At this point, it’s not worth betting on even a major retailer as we all know they can fail immensely, just like any company could. But who knows, how can you trust anyone? How can ledger not even be questioned? They have in the past but have continued to be one of the best cold storage hardware wallets. Recently the old micro 5 bit Nano S option isn’t even available on their site anymore. He also went with the bluetooth ledger one, which I also told him was much less secure. But it appears that they changed them all. Can someone tell me what is the currently the ledger wallet that is most secure? If not Ledger then what is the best cold storage wallet in your opinion & what facts do you have to back that up?
Hope everyone is doing great! Looking forward to seeing your response. Have a nice night.
Cheers,
TREAD
As far as I know they have physical security chip that helps you know the authenticity of the device. You can verify if the device is legit and if it has been tampered with or not. But still, since you will be holding your savings/investment, why take the risk or losing everything? Tell your dad to return it and order directly from the manufacturer. Might be few bucks for costly, but still worth buying from them. At least your dad won't be worried, paranoid and lose his sleep over the device. |
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Making Bitcoin a legal tender means when a person goes to purchase a commodity, instead of paying with dollar or whatever currency is being used, they pay with BTC.
If bitcoin is legal in your country, you can still use bitcoin to make transactions and purchase commodity legally. It doesn't have to be a legal tender for merchants to accept bitcoin but they can also decline if you pay them with bitcoin. But if it becomes a legal tender, than a merchant must accept bitcoin when it is offered as a form of payment. Given the unstable nature of cryptocurrencies, and the untraceable nature, would you suggest it wise for countries to adopt Bitcoin as a legal tender?
Bitcoin is unstable, but much more stable compared to other altcoins. But you are wrong here if you think bitcoin is untraceable in nature. Bitcoin isn't anonymous. It is pseudonymous and can always be traced back to you. Recently, El Salvador and Central African Republic announced that they have adopted Bitcoin as a legal tender.
They already did. El Savador was the first country to make bitcoin a legal tender. |
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Why is your "network" always so bad. Anyway, if there aren't strict laws and your government doesn't care much about who is gambling, there isn't much you can do to be honest. At best you can do is make everyone aware of the situation, get their parents to know how kids around you are getting involved in gambling, and tell them to take some steps to create awareness among their kids. Similar case to this: How can this gambling related issue be handled?But what evidence do you have that it is the boy that gambled? What if it is his brother that gave him the booking code and called the cashier that his brother his coming to give him the booking code? Are you sure it is the boy that bet or another person that bet and gave the boy the booking code? Underage gambling is common in some countries, if it is like that, it would worth your attention if your relative or brother happens to be an underage and gambling, then you can refer to what people posted on the thread that I provided the link above. The issue of underage gambling can only perfectly be solved by the gambling regulatory body in your country. Still isn't right. You shouldn't send your underaged brother to do this kind of stuffs. The cashier shouldn't accept anything from that kid. |
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First of all many members will roast me and will say that where you got such idea, why are you bluffing but this is Bitcoin discussion, so I thought that I should share something.
1) Many Of Small traders always got into the Trap of Whales? Why?
2) There are Always Ponzi Schemes in All Bull runs like 2027 was ICO big Scam
And Now BIG crypto projects Got scammed in 2022 like Terra Luna, FTX, Solana, Serum etc. They are not just coincidence. These are preplanned Scams. And that. Sucks.
3) I think that Big Exchanges that are centralized are Big whales cause they know how much volume they have and how many longs and also Shorts. In this way they can Scam with many many wats. And also that is a small reason that we cannot outsmart Whales 🐋🐳.
1. What trap of the whales? The whales don't place any traps. They just trade and make their profit. 2. You mean 2017? ICO's weren't a ponzie scheme but there lots of projects that were scamming people by dumping their tokens after investors invested in those projects. FTX isn't a project. It is an exchange that recently collapsed. Solana isn't a scam coin. It is just suffering because of FTX. Google and learn more. 3. Exchange don't mess around with user funds. I mean FTX did and see the consequences. And why would exchanges want to risk their reputation if they can already make millions from exchange fees? |
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You know this article is biased and trying to trash crypto currencies because they are threatened by bitcoin. Cute how they ended up saying promoting bitcoin puts the reputation of the banks at risk. Like how? What has bank to do with bitcoin? If people prefer bitcoins, then they probably do because it is far superior than using banks and fiat currency. They are saying bitcoin is "rarely" used for legal transaction, then what about the millions of dollars that has been donated to countries that are in need. Are those all transactions illegal? What about people buying stuffs online with bitcoin by following at the regulatory rules. I doubt those are illegal transactions. This is nothing but an attempt to spread FUD. |
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Cryptos have had many crazes all over the years. First, it was Bitcoin appearance.
right after that, there were the altcoins and soon after the ICOs, IPOs and all the O's thingy craze. Afterwards the PoS and stacking craze came to play and then smart contracts came around then the DAO Blow. Then the Cexes, the Dexes and right after that, we saw NFTs rise along with the metaverse. (I'm probably missing something). Now we just had the Merge.
Many of these phases have helped the crypto market achieve new highs and led the blockchain technology to go mainstream.
A lot of developments have been a part of the industry growth, so my question here is, what do you guys think will be the next craze in the industry?
You can't count bitcoin here. Bitcoin didn't create any craze. All all the "crypto craze" that you are talking about, did you notice one thing? None of them worked out well and eventually all of them died or are dying or isn't as trendy like it used to be. Not sure what you mean by the centralized exchange craze. Never saw a crypto centralized exchange craze. The point here is, not look for the next craze, instead learn from the past and avoid such things for your own benefit. |
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No need to worry about DCA and the other stuffs/strategies people are giving you. You are investing in crypto currencies. The market is very volatile and you can't predict when the bear or bull market will start. Since you are investing in crypto currencies, you know should be investing money that you don't need for years. Money that are lying around. Since you will be investing money that you can afford to lose, then don't wait for anything and invest whenever you have the chance. The market goes up, good! Sell and take your profit if you want. The market goes down after you brought? Just don't sell and forget you had those money with you.
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You see. This is how the crypto market works. A small spike in the price and it made you think that the bear market was over. But who knew that the FTX exchange would end up collapsing? This unpredicted event once again caused the whole market to crash. The price went to new lows. This why everyone should be aware that the crypto market is completely unpredictable and people should not rely on those "bullish" or "bearish" signals to make their investment. Yes, they do help a little, but don't go all in based on those signs.
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Hey guys,
With all the KYC talk lately I wanted to open up a thread and ask about your opinion.
The side of the user:
- Prefers no KYC
- Prefers anon coins as a payment platform
- If a KYC is triggered, they want to trust the brand with their documents
The side of the casino:
- Regulators are asking them to do KYC, but they need to find a balance on when it's triggered. E.g. to keep a portion of the user happy, they can rise the trigger to a certain amount.
- They are tied to a payment provider, either because of the license or CMS, and can offer only a certain portion of cryptocurrency.
- Users are abusing them if there's absolutely no KYC matrix in the system.
What would, in your opinion, be the best balance here?
-snip-
From the user side: 1. If they want to play in a licensed casino, then they very likely have to go through KYC. 2. There aren't many privacy coins, so they will have to limit the number of coins they can play with. Bitcoin and most other crypto currencies aren't anonymous. 3. I am sure if it is a well known casino, they can easily trust their documents with them. And most casino uses third party services to provide user verification services. From casino point of view: They don't actually have much options here. If they decide to get a license, then they will have to KYC users. If they don't get a license and provides users gambling services, they might get into trouble and the users too. KYC helps both the casino and the players to be safe. |
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Not bothered at all, most websites today are collecting your ip and data especially social media, facebook, twitter, reddit. The most alarming is when they can see our private keys stored in metamask but I dont think they can,
Just because you aren't bothered doesn't mean others shouldn't be bothered too. Yeah social media platforms like facebook and twitter is collecting your data, but you do have options to control what they can collect and how they can process your data. You can request for all the data they have about you and some data can also be permanently removed. If they can collect your IP data, then what is stopping them from accessing your private keys? If you don't want to get tracked then stay offline as possible since we cannot control this abuse from internet users.
Staying offline isn't the solution. It's like saying cut off your legs if your leg hurts. |
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You know how casinos have set certain slots to only pay a certain amount to a winner, it it also possible that casinos are using an algorithm to limit how much it can payout for players coming from certain locations to avoid being dragged into legal disputes if a player is paid big money and the local authorities want to know the source and the alike?
If you mean the casinos are rigging the slots so player can't "win" more than certain amount (after which they will start losing), then yes, that would be illegal and would be considered as scamming. If you are talking about the RTP, then it is same for everyone and the casino can set the RTP. But I doubt any slots would "restrict" or not let users from certain country win. Too much work and not worth the risk. Why would a casino destroy their reputation if they are the one that always win in the long run? |
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The FTX collapse is both, good and bad. Depends on how you see it and who you are. If you are one of the investors or users of FTX, then yes, obviously it is bad for you. Investors and users are going to lose hundreds of thousands of dollars because of this crash. If you are CEO of the exchange, then yes, it is bad because your billion dollars got wiped within few seconds. All of these is bad for us, it has jiggled the market in worst possible way, but all of this is short term damage, but at least event like this makes people realize why centralized institutions can't be trusted blindly and how you aren't actually the owner of the coins that you own when you use a centralized exchange. So, yeah, in the long run there will be more people that are aware of the danger, so it is a good thing.
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Like others said, you need to post the link of the tweet or this is just another FOMO creating post that you posted (or read somewhere about it and without verifying anything, you are spreading the news). But anyway, even if he did say this, he just said the obvious, though he shouldn't have specified that it will end during the winter (another reason why this is a fake tweet). Look at the market and you will see that the price of bitcoin always went up after a bear market. Keep holding and in the long run, you will go home with some good profit.
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In line with the global adoption and promotion of bitcoin for which I am a member of this community, fulfilling one of the course for which this community have long being on the move. I decided to take the bitcoin adoption and promotion movement to my locality. My major targets are vendors, traders, skilled and unskilled labors in my locality and my neighborhood. To start with, I met this barber in my locality, he is good at his work and gives nice haircut. I took my time to talk with him about bitcoin and how it works. At the first stance, he was reluctant and said he does not really have digital knowledge and it would be a kind of difficult for him to go through it but I assured him he would like it when I start putting him through the whole process and he gave in. I started by giving him hint on technological innovation towards digital currency with Bitcoin as topic and subject of discussion. He picked interest in the discussion and started asking me questions about bitcoin and how it works for which I responded to him accurately. It was an interesting and interactive session as I made him understand the whole system and how it works.
In other for the communication, learning and teaching process to scale through, I had to come up with a learning scheme for an easier understanding and they are as follows;
1. What is Bitcoin?
2. When and why Bitcoin was founded.
3. Founder of Bitcoin.
4. Importance and benefits of holding bitcoin.
5. How to trade bitcoin. ( listed some notable exchange where he can trade bitcoin)
6. What is blockchain and how it works.
-snip-
It's a good thing you are spreading the word about bitcoin around and encouraging businesses and merchants to accept bitcoin. Good to see you helped someone to setup his wallet and allow his shop to accept cryptocurrencies, but I hope that you let him know about the risks involved in holding/accepting cryptocurrencies in a business. I also hope you didn't give him any false hope by saying that bitcoin will make him rich real quick and stuffs. His barbershop seems to be a simple shop, so he shouldn't be holding everything he receives in bitcoin. Better for him to hold half in crypto currencies and rest be converted to fiat currency. Besides those "learning scheme" that you listed, teach them about safety and how to backup their wallets. |
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You told them about the risks and gave them information and tried to help them learn about the market, but they ignored and wanted you to do everything. Well, since they aren't giving any effort to learn or know anything, I don't think they are ready to invest in crypto currencies. They are making you do everything, and I am sure they say they "trust" you and knows what you are doing. But, you know once thing? Once the market crashes and they see the price go down, the "trust" they had on you will disappear and will blame you for everything. So best not take the whole responsibility.
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I don't think there are many casinos that actually offer an app for gambling from phone. I doubt they would be able to publish in app downloading stores like google play or appstore due to them providing gambling services. So I guess they don't offer such app due to security risks. Even if they do offer mobile application, they would be offering a direct download link from their site. You should know the risk of installing and downloading such apps. Or it is just that there are less users that uses their phone for gambling, hence it is not the worth the effort on their side. Moreover, nowadays you can run almost all websites on your phone due to responsive design practice becoming somewhat very normal.
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I have been playing online live blackjack on casinos long time ago and had so many crazy games and moments, i never doubted that the casino will ever try to manipulate things out since we all know that with the long run the dealer has more chances to win. But since i saw this video on tiktok were it shows an obvious cheating from a casino which i don't know or even accuse since maybe the video is made up. But it's also making me think of all the games i lost for example happened to me getting 21 not as a blackjack pair. The dealer have like a 4 then gets also a 21 in a very weird way and for multiple times in one session. All i want to say is maybe many casinos did cheat in this way that are shown in the video before, i want you to share your thoughts about this and also if you ever catched a casino cheat in blackjack games? I uploaded the video to YouTube: https://youtu.be/OWCXhcJoaF0If it is a live online blackjack casino, then yes, there are several ways they can cheat and the players will never know. They can make use of the camera angle to deceive people and people are never going to realize it. They can do thing off frame and no one will be able to accuse them of anything. I always wonder why they do something like this... Why risk their reputation while in the long run they can always be making some good profit. Greed maybe? But is it worth it? |
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We can see the price of Bitcoin is going down gradually but no one wants to understand it depends on your stock market it is also a digital currency through digital transactions and it is currently in bad condition Elon Musk said in 1 reply on Twitter. Bitcoin is as cold as winter you have to wait for this of course bitcoin price may go up at the end of this winter so be patient everyone. So if we all wait and if we all hold on to what we have, it's going to get $30,000 to $40,000 by the middle of the year and get to a very good price and it could get to a hundred if we hold it tight, so everybody's disappointed. Let's save Bitcoin by holding instead.
Of course it isn't dying. But every time bitcoin starts to drop, people start saying that bitcoin is dead. It is those same people who never invested in bitcoin or those who invested in bitcoin to get rich over night but ended up selling at loss. And then there are people that had the opportunity to invest but didn't and now they like to spread FUDs out of bitterness and spite. Bear market isn't something new. Keep holding and invest as much as you can during the bear market and you won't regret a thing! |
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The crash doesn't matter to the crypto casinos. Almost all crypto casinos hold their coin in crypto currencies. If the market crashed, the value of the balance of the users also crash. The casino still holds the same amount of coins, and when the user requests a withdrawal, they still receive the exact amount of their coins. It is only the value that has dropped, but 1 BTC is still 1 BTC. If the casinos convert all the deposits to a stable coin, this will cause an issue for the casino when the market crashes or the price goes up. I think most casinos do show their bankroll. They have mechanisms were you can't win higher than certain percentage to protect the casino from getting wiped.
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