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5341  Bitcoin / Bitcoin Discussion / Re: Bitcoin Halving 2020 Explained - An Infographic on: April 30, 2020, 02:47:09 PM
This should double the price of bitcoin, definitely.
It's not anything definite, and that's the beauty of the infographic by Coingecko. It's all about facts and warns specifically about price speculations since external factors must be considered and personal research conducted. I like the chart and information, although I think the estimated date of halving would not hurt to be on the image. It's also inconvenient that the countdown weblink is not something you can click (because it's an image, so I guess not much can be done here). Overall - simple but good, and since you aimed at beginners, the content is informative.
5342  Bitcoin / Bitcoin Discussion / Re: Which investment is a safe haven Gold or Bitcoin? on: April 30, 2020, 02:22:14 PM
In my opinion, I think we should not expect investors to easily consider Bitcoin as an alternative investment to high-status assets such as gold and commodities. In fact, Bitcoin still has a long way to go in order to catch gold in terms of history, price stability, and accessibility. So, a word of caution is warranted here. The status of Bitcoin in the international financial market
is far from being solved, despite the launch of the Bitcoin futures contracts by the CME and CBOE in December 2017, which added some legitimacy to Bitcoin and may ultimately help manage its price volatility.

I can see investors and traders now have strong empirical evidence that Bitcoin has some of the virtues of gold and commodities against extreme down movements in the world stock market index. However, stock investors in developed markets have no choice other than gold as a safe haven asset ( as we have seen recently during the crash of March when investors turned into gold), given that Bitcoin fails to offer such a property. Interestingly, Chinese investors can consider Bitcoin as
a safe-haven asset despite the restrictions taken by the Chinese government against Bitcoin exchanges and trading activities.

Please tell me when do you think Bitcoin will replace Gold as a safe haven and why?
Gold has quite a long history of being valued and at least relatively stable. It doesn't often rise but it doesn't seem to crash hard either (if compared to Bitcoin, of course). So if we're talking about the global economic crisis and the main aim is to ensure minimum losses, then gold might be a good choice. If one's willing to risk and get a chance of actually profiting, then Bitcoin is probably more promising. Bitcoin is not a safe haven, not yet. Maybe it will become one after a while, or maybe there'll never come the day when there will be a need for that. IMO for Bitcoin to truly succeed like that, top fiat currencies must crash, and perhaps it's not happening anytime soon (although I thought it might happen this time).
5343  Bitcoin / Bitcoin Discussion / Re: Movie about cryptocurrency makes #2 of U.S box office during slump of hollywood on: April 29, 2020, 05:08:03 PM
Wow, it's really cool and the situation is indeed very special and advantageous for crypto promotion via films. I've seen a short one on Youtube just recently which I really liked: https://www.youtube.com/watch?v=hf97ofTlZhk.
Quote
When the feature-length documentary Monero Means Money topped the charts during the second weekend of April, it grossed just $3,430.

Yikes, the movie industry really is in a slump, isn't it?  Ah well, that's only temporary.  Those Hollywood schmucks will be back to their shenanigans and the cranking out of mediocre (at best) flicks that aren't worth renting. 
~
Does Netflix count as part of the movie industry? There must be a huge gap between cinema and netflix sales.
It depends on who you ask. I can tell that the position of people from the cinema industry is that Netflix is and should always be inferior. Cinemas offer the Big Screen experience and they have built up a tight network with other parties in the film industry, so Netflix should always wait after the film got the most of its cinema screenings, and only then it can grab the bits of what's left. However, Netflix and other platforms are gaining more popularity, and the cinema industry has been concerned for a couple of years now, but this quarantine can add a solid plus to streaming platforms vs cinemas.
5344  Bitcoin / Bitcoin Discussion / Re: Why there is no Standard Marketplace like Amazon with BTC as payment method?? on: April 29, 2020, 04:37:27 PM
I know...there are smaller marketplaces that people can buy/sell goods via bitcoin, but why a major marketplace is not emerging??

I know for a fact, there is a huge demand for purchasing of goods with BTC...even users from this forum is enough to give the marketplace a supply chain issue Grin Grin

1. is the problem in supply side? are sellers worried taking payments via BTC bcas of volatility
2. is there a logistically inefficiency, that smaller sellers can never compete with the likes of amazon
3. is the transaction speed an issue for retail transactions?? major cards payments are done instantly (maybe this speed is needed for impulse purchases Cheesy)

Comment below...thanks i'm a newbie here Roll Eyes
Well, there have been quite big black markets that used Bitcoin as the main payment option, but that is surely a thing for a narrow group of people, not to mention the illegal nature of it. Why isn't there something size of Amazon with BTC payment? Well, perhaps the ways of people who believe in Bitcoin and those who make such marketplaces are just too different. Volatility is kind of a problem, but a simple and obvious solution is automatic price updated based on the price of Bitcoin in USD. Perhaps there simply isn't enough demand for such a place, and this is why it's not here. Or, and this is probably true, there are difficult legal matters to solve to make it work worldwide.
5345  Other / Beginners & Help / Re: Whale on: April 29, 2020, 04:22:15 PM
Okay, clearly the term 'whale' is quite clear and a matter of Googling. Now that we've gone through this and there are posts describing it, how about we talk about a slightly more difficult thing: are whales real? Is it more of a conspiracy theory that the market is manipulated by whales or is there some solid evidence of this? Are there famous and reputable people that believe in whales? Do you believe in them? I, honestly, tend to notice that 'whale manipulation' stories usually get disproved, and I think that there are no big entities regularly manipulating the market.
5346  Other / Beginners & Help / Re: 350 dollars, Eth or Bitcoin? on: April 29, 2020, 03:54:31 PM
Hey guys my first post here, long time lurker first time poster haha anyhow like the title of the thread says, how would you spend 350 dollars(cad)? I am looking at eth or bitcoin but bitcoin is pretty pricey so i am leaning towards eth. I am just curious as to what your guys thoughts might be especially at this stage close to halving? i am playing it safe, i am not too interested in other altcoins just sticking with the top guns right now.
There was a time when I would have chosen Ethereum. It was when Bitcoin was a big thing already but Ethereum was very cheap (2017). However, I would not make that choice today, as Bitcoin dominance is very high. This means that if something will rise, it'll probably be Bitcoin. If something goes down, altcoins will suffer more than Bitcoin. It's your decision, of course, so you'll have to decide for yourself. You might do it 50/50 like some already suggested if you're so unsure. But please make sure you're using a legit wallet and exchange since the worst thing in this scenario is getting scammed.
5347  Bitcoin / Bitcoin Discussion / Re: Satoshi Nakamoto never used Bitcointalk - new claim by Craig Wright on: April 29, 2020, 03:40:16 PM
The news recently surfaced in my inbox,

https://news.bitcoin.com/craig-wright-claims-satoshi-nakamoto-never-used-bitcointalk-to-communicate/

Don't know how to react! The court case seems to taking unexpected twists and turns!
Like some have already pointed out, it's now very new. I've also encountered it on Bitcointalk weeks ago. I think it's understandable why he'd say that: he probably doesn't know much about what Satoshi wrote on the forum, so it can be a serious risk if someone tries to test his knowledge of, allegedly, himself, and fail. Not to mention that the style of Satoshi from the forum differs a lot from Craig's style (Satoshi wasn't so harsh).
What if we all just stop giving this lunatic what he wants - attention? I don't know if it's right to stop calling him out on his bullshit though, but I feel like crypto enthusiasts are the main thing that still keeps him afloat somehow, in a weird way. Let him destruy himself on his own terms

Well I would agree, but this is bitcointalk where anything vaguely related to bitcoin is posted about numerous times and in numerous configurations and formats. It's pretty slow for news these days so this sort of stuff is going to be talked about. There's also seemingly quite a few people who think he is or may actually be satoshi so that doesn't help either.
I don't think it's right to ignore because silence can be interpreted as a lack of objections. Plus, there are people still sure that Craig is Satoshi as well as many newbies who did not make their minds yet. So it's important not to be silent so that 'team Craig' doesn't win.
5348  Economy / Scam Accusations / Re: My F****** Story With KRYPTONO Exchange on: April 26, 2020, 12:06:39 PM
Sorry for your loss. I think the instructions that were given above are quite good, so move the topic and edit the first post to add more information about your particular case (and some proof, of course). It's not likely that scammers will reconsider their actions but if they are present on this forum, they are likely to get negative trust as well as receive generally bad publicity in the community. Please consider using ONLY REPUTABLE exchanges next time, it's very important to check the reviews and, if you're not sure, ask people to share their experience with exchanges before you deposit your money there.
5349  Bitcoin / Bitcoin Discussion / Re: Can BTC really be a safe haven? on: April 26, 2020, 11:53:37 AM
Volatility is a huge obstacle, I agree about that. Another big problem I see is scalability. If Bitcoin is to be a save haven, many people should be able to easily transfer their money/assets into Bitcoin and perhaps use Bitcoin in the meantime or indefinitely if other things fail. The problem is that while currently transaction fees are pretty low, they can get ridiculous pretty fast if many people suddenly join the game.

Gold also has high volatility, not as high as btc ofc

But I think volatility is not the major problem. As long as its volatility is not correlated to stock market, it can be somehow a safe haven.
I don't think that it's even comparable, come on. Gold can be stable for years and huge changes there are still very small ones if compared to Bitcoin. I don't think calling gold 'volatile' is correct in this context.
5350  Bitcoin / Bitcoin Discussion / Re: CRYPTOCURRENCY IN NORTH KOREA on: April 26, 2020, 11:22:01 AM
Hello guys, so I am just sitting here and wondering how the people of the North Korea are fairing as regards the huge benefit cryptocurrency has brought to every people. I don't  get to hear of any development from that isolated nation bordering South-Korea. I understand the will of the people is heavily subverted by their maximum leader otherwise nicknamed The little rocket man. I read of how poverty is ravaging that nation, freedom for her people to trade cryptocurrency can turn the tides around as it's doing in some poverty stricken nations that the people have embraced bitcoin and its benefit. Do these people even have access to any exchange in the world? and can they safely convert their crypto asset to their native currency and withdraw same without offending The little rocket man? I once read exchange hacking have been traced to NK, meaning some crypto activities are going on there.

I am just concerned on the freedom cryptocurrency brings could be extended to this nation.
I've been watching and reading quite a lot of stuff about North Korea lately, so I think I might know the answer. People in North Korea live in poverty and under total control. Households have old computers, some people have smartphones and tablets, but it's mainly the riches who live in the capital. When you're using a North-Korean version of an iPad, the system makes occasional screenshots of what you're opening as well as saves browser history. This data can be accessed by the authorities. If you're caught somehow accessing material that did not come from North Korea (for instance, some people smuggle movies from China), just for watching it you're guaranteed to end up in prison. So as you can imagine, using cryptos would be extremely risky there. But there's a bigger problem: there are only around a thousand highly secretive places where one can get Internet access in North Korea, and of course, the people who access it are high-ranking officials. Now, since most Bitcoin transactions are done with the help of the Internet, there's just no way people would use it. They have an intranet in North Korea which is like a North-Korean-wide version of the Internet but it's completely centralized, censored, and monitored, so I am sure there are no crypto wallets or anything like that there. At the same time, I remember seeing articles a while ago about North Korea possessing Bitcoins, and it can be true, but this is definitely high-ranking government officials, so it doesn't count, as it would in no way help North Korean people.
5351  Bitcoin / Bitcoin Discussion / Re: Next Halving ... Please miners make it a weekend in New Zealand on: April 26, 2020, 11:02:53 AM
That's too bad, but using Zoom to host Bitcoin halving party would be ironic since Zoom is the antithesis of privacy/anonymity.

I haven't used it myself so I don't know how well it compares to other solutions, but Jitsi might be an interesting alternative in this case:
https://jitsi.org/

No matter what conferencing software you're going to use though, just have fun OP! And kudos to you kiwis for keeping the pandemic so well contained, the numbers speak for themselves.
I use Zoom on a regular basis because I'm required to do that at work. Zoom is very easy to use, quite stable, and has many useful features, but the privacy problem is huge there. The company seems to be working on it to make sure the leaks like the one we've seen recently don't happen again, but for now, one should be careful using it and prepared to see a video of this on Youtube. At the same time, you don't need to provide any personal data to use Zoom (you can just open it in a browser and type any name you want. Another big downside is that a free version only allows meetings that last up to 40 minutes if there are 3 or more participants.
In any case, I hope op manages to host that online party since a physical one is highly unlikely to be an option. In my country, for example, the quarantine is till 11th of May (so with halving on 12th it sounds cool), but it's very likely to be prolonged.
5352  Economy / Gambling discussion / Re: Why most gamblers can never hold onto big bag? on: April 26, 2020, 10:39:48 AM
I have one friend who used to play dice in stake.com, he started with a very small fund ($100), out of that money, he managed to have a balance of 24 ETH at some point but unlucky guy lost everything in one day. Once again, with the bonus he got from stake, he managed to cross 30 ETH within less than a month but yesterday, he lost everything once again.
How come he lost everything one day? Do most of the gamblers lose money in such way?
I think it's a typical situation with gamblers. The problem, in my opinion, is a psychological one. Namely, if you're winning, it's hard to let go at the right moment, withdraw and enjoy yourself. Instead, if you're winning and winning, it seems that you should cherish the moment and get the most of it. It's not the losses that motivate people to keep going, some say. It's the occasional wins that bring joy and make one feel like another win is just around the corner. I am not saying it's something impossible to control since sometimes people manage to win and leave the casino, but it must be a difficult thing to do, especially if you're a regular gambler. You can walk away today, but it doesn't mean you won't come back and lose a lot tomorrow.
5353  Economy / Gambling discussion / Re: Provably Fair Extension | Quickly Verify Provably Fair Bets from Your Browser on: April 26, 2020, 10:19:19 AM
It sounds like a cool thing, but perhaps one of the reasons people don't check it out is the same I have: I am very cautious when it comes to crypto browser extensions because the risk of it being something that scams you just seems too high. Okay, you've shown the demo which looks cool. But I am sure you understand that it doesn't prove that the extension doesn't do anything additionally, such as, say, get the money out of the casino account when a person is logged in and checking if the bet was fair. If you find a way to show that it's safe to use the extension, I am sure it will help make it more popular. Good luck!
5354  Economy / Gambling discussion / Re: LIST of TOP 10 E-SPORTS SPORTSBOOKS on: April 26, 2020, 10:01:30 AM
I think the list has been based on vague criteria because it's clearly not a list of most famous sportsbooks that accept cryptos. Could you tell us about the factors you took into account while making the list and whether you intend to update it by reviewing more websites? For instance, Sportsbet.io is one of the most famous and trusted companies, and they do offer e-sports options, such as matches of Dota 2, Call of Duty, etc. as well as, say, e-soccer and cyber-basketball. Please check them out (you can see the link in my signature) and if you feel like they're worthy of a place on the list, add them.
I think the factor he took was most of these websites don't have markets for sports and shifted their focus on mostly esports.

While it's true that sportsbet is one of the most popular bitcoin sportsbook they fall under a different list together with the other crypto books that also have esports.


Oh, okay, thanks for the explanation. Yeah, this list contains what one would expect to see. However, the question about criteria persists. I can see on the website the following description, but IMO it's too brief and can mean different things:
Quote
Ranking System is based on a combination of expert appraisal from the best in the betting business and in-depth web analytics from a number of reputable sources.
Nitrogen Sports received an A and is the only sportsbook to do so, but it has some negative trust feedback on Bitcointalk, for instance. On the other hand, Stake has a perfect reputation, as far as I know, but it has a C. I realize that reputation is not the only thing that matters, and that user experience, odds, giveaways and stuff should be taken into account. But for me, the most important thing is that you know you won't be scammed here, and then you consider other criteria...
Another thing I don't get is a formal one: why C+ goes after C and B+ after B? Shouldn't a plus mean that it's better than without a plus?
5355  Economy / Gambling discussion / Re: LIST of TOP 10 E-SPORTS SPORTSBOOKS on: April 24, 2020, 04:37:03 PM
I think the list has been based on vague criteria because it's clearly not a list of most famous sportsbooks that accept cryptos. Could you tell us about the factors you took into account while making the list and whether you intend to update it by reviewing more websites? For instance, Sportsbet.io is one of the most famous and trusted companies, and they do offer e-sports options, such as matches of Dota 2, Call of Duty, etc. as well as, say, e-soccer and cyber-basketball. Please check them out (you can see the link in my signature) and if you feel like they're worthy of a place on the list, add them.
5356  Economy / Gambling discussion / Re: Your Gambling Life During Quarantine on: April 24, 2020, 04:07:04 PM
So,...
-how's it going when it goes to your daily life?
-how's it going when it comes to your social life?
And lastly...
-how's it going when it comes to your gambling life?

All of this will be based only on what you have done in this past month of Quarantine. Although it is very common that we can't see any games in relation to sports, even so there are quite a number of shareable experiences that you might have done in this past month that you have never done in the past years.

So what do you think? Do it really had a big difference?
My daily life is quite boring and includes mainly working, studying, and watching stuff, all done from home. Once every two days, I go to the supermarket to buy food. And this has been going on for 1.5 months now. Social life, as you can expect, is not great, but at least I have my spouse here with me as well as a few video chats per week because of my work (I'm a school teacher). When it comes to gambling, some of my friends have been gambling significantly more than before but this is not the case for me. I am generally playing it very carefully because, to be honest, I am a bit afraid of getting addicted. Moreover, with a full-time Master's program and a part-time job, I don't have much spare time, even during the quarantine.
5357  Bitcoin / Bitcoin Discussion / Re: Can Blockchain Technology stop Election Malpractice? on: April 24, 2020, 03:47:55 PM
My consideration is this:
I believe the blockchain technology can be applied in election processes, so that we can solve the problem with many elections malpractices such as hacking of election documents in developed countries and rigging of election results in developing countries.

But the bottleneck is this. How can we know exactly those that vote being that the addresses make people to be anonymous?

How can we solve this anonymous issue when applying this technology to election processes
?

Kindly drop you opinion on this issue.
Blockchain and elections is not a new topic. In fact, there have even been serious talks over the years in different countries about considering implementing it (the country I remember is Russia with the primary election of some party). I think it should not be hard to implement (if you don't count the part where you have to make it user-friendly, ensure that people do vote and, most importantly, explain how this is actually a more accurate and definitely very safe way of counting the votes). It will be centralized and every vote has to be linked to an official ID number or something more sophisticated, ensuring that you have the right to vote). Your ID won't be public, it can be encrypted, but it will be inside of the system. I am not sure it's an efficient way to organize the election, but it might be something we get to see in the future.
5358  Bitcoin / Bitcoin Discussion / Re: When Bitcoin Mining Cost is Higher Than Bitcoin Revenue. on: April 24, 2020, 03:24:52 PM
Maybe I am missing something, but this is how I see what would happen.
1. The revenue gets lower than the cost.
2. Some miners leave the game as they don't want or don't have resources to go through a rough patch and hope that the situation will get better.
3. As there are not fewer miners, the difficulty rate drops, making mining profitable (or at least not too costly, so that miners stay in business).
The problem will fix itself. It doesn't mean mining is always profitable, but it means that it's always either profitable or not above what miners believe is worthy to keep going.
5359  Bitcoin / Bitcoin Discussion / Re: this is why the world needs bitcoin on: April 24, 2020, 03:05:36 PM
i'm happy i don't have to go to the darknet to buy something that actually helps my wife tough.

Is it illegal to buy from the darknet markets even though the product you're planning on buying is legal in your country in the first place? If that certain seller was the only one with decent trustpilot reviews and the experience was crap, I'd probably think about trying to buy through darknet. Though I really don't know how risky it is in terms of law so..
What I thought about when reading the story was also darknet markets since, as far as I know, they tend to have a reputation thing, and thus you can be pretty sure you won't get scammed and everything will go smoothly. However, I am pretty sure it's illegal to use it anywhere because of tax evasion, to say the least. So if the stuff you're buying is legal, it still doesn't ensure the legality of the transaction, although you are probably not likely to get in trouble, I don't know. In my country using marijuana for medical purposes is still illegal, so I wouldn't know.
As for the transfers, they are indeed unbelievably expensive and take a long time, I had to deal with them a couple of years ago and for a total of $2k or something, I paid more than $100 in fees (my bank account was non-EU and I had to send money to an EU-based account). It's really sad that you won't be able to use the seeds to help your wife anytime soon.
5360  Bitcoin / Bitcoin Discussion / Re: Bitcoin spread rapidly on ‘China Twitter’ the price will rise before halving on: April 24, 2020, 02:37:39 PM
According to Molly, former executive director of Bitcoin Magazine's China operations, the term "halving Bitcoin" in Chinese has recently spread on Weibo, also known as ‘China Twitter.’

This topic, which has been the 6th most searched item in the past 24 hours, shows genuine interest in the event, although China prohibits the purchase of Bitcoin by the yuan
And the same thing is happening all over the world.

Google Trends data shows that last month, global Google users searched for more halving of Bitcoin than any other month. In April, the world's largest search engine also predicted halving Bitcoin would be searched more than twice as much as last month, which was a new all-time high.

This is a bullish signal for Bitcoin because the important reason explaining the increased cryptocurrency market so far is hype around halving. Indeed, according to Google data, the search terms "buy Bitcoin" and "halving Bitcoin" have been in a parallel pattern since the beginning of the year, including growth and contraction. This correlation is not perfect, but they clearly affect each other.

How do you think about this
I think that the data is too limited to jump to conclusions. It seems natural that since halving is getting closer, more people are remembering about it and checking out how Bitcoin is doing. Some might even be considering buying Bitcoin due to FOMO. However, those who are just searching 'halving Bitcoin' might actually be interested in when it happens, what it could mean for miners, or expect to find information about something else related to halving. These people might not be interested in buying Bitcoin is what I am saying. So I would avoid making price speculations based on this.
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