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541  Economy / Economics / Re: How will crypto go long term? on: April 20, 2018, 07:48:40 AM
I am fairly new to the crypto world. During my short time, I have contemplated how crypto will go down over the next few years.

Slowly, over time more regulations will be adopted worldwide. This is not because regulators are scared that people are getting scammed, but because they will start limiting this world from us small fish so the banks and "qualified" investors can tke over. All the large banks will then push their own crypto, and we will be left with nothing.

In my opinion, it is in our best interest to gain enough profit so we will have the funds to become qualified investors, and be able to re-enter the markets through the banks exchanges.

What does everyone else think? Do you think the big fish will continue allowing us to do trading long term, or are our days numbered?

The whales during their first time in trading started small as well. Every beginner in trading should start small investment or capital and then goes big after they get the hang of it. So small fish or big fish plays a vital role in the market. I know that whales can manipulate the market but they need us small fishes for them to profit.

When it comes to regulations by the government they can't control or stop us from investing or trading in cryptos as long as we have the money that we can afford to lose.
I know there are lots of ICOs that are privately done by whales and limits small time investors participating from it. This is a very good way in maintaining the value of the token or coin once its launched to the market  because mostly small time fishes or investors almost all of the time after launching of the project or after the ICO will tend to sell their tokens for them to get profit and the sell offs can affect the value of the token.
542  Alternate cryptocurrencies / Altcoin Discussion / Re: What does crypto mean to you on: April 20, 2018, 06:41:58 AM
What does crypto mean to you - a means to a fast buck or a step into the future.

For me crypto is simply a plane ticket to the moon. There are lots of benefits that crypto brought to each and everyone of us. I know that crypto enthusiasts are just a very small fraction of the total population worldwide cos its still so young but it already promotes financial freedom to people like us who seeks knowledge everyday just to earn atleast some bucks using crypto.

For me, cryptos are very important; it helps me a lot in my daily life. In addition to the work I do outside, cryptocurrencies help me generate a sufficient income for my family every day. I hope the cryptocurrencies, as well as this forum, will last long so I can make a profit from cryptos.

I concur with this. Aside from our full time jobs, crypto also give us some extra buck for our family needs. Sometimes we earn more in crypto than our full time jobs. The downside in crypto is the volatility of its value so there's no stability when it comes to income so we should have a full time job for us to feed our families and provide some of our daily expenses.

It is an interesting occupation. Also a chance to earn money. Also a psychological phenomenon to observe. Also a proof of progress of our civilization. Also a possible diversification of wealth of the world.

This only means that we are really moving forward when it comes to innovations and technology. This only proves that human beings are really genius and innovative in nature always seeking for new inventions to further improve our way of living and atleast give us financial freedom and lots of opportunities.
543  Alternate cryptocurrencies / Altcoin Discussion / Re: Pornhub has started accepting crypto on: April 20, 2018, 06:32:16 AM
Pornhub has started accepting cryptocurrency as a payment option, the company announced on Tuesday . The site now accepts Verge cryptocurrency (no relation to The Verge), a rebranded version of Dogecoindark, which split off from the original meme coin, Dogecoin, in 2014. Now, users can pay for any Pornhub features, including a Premium subscription, using Verge cryptocurrency. Pornhub’s adult sister sites, Brazzers and Nutaku, also accept Verge cryptocurrency now.Verge cryptocurrency is anonymity-focused, which is why Pornhub executives say they chose it over other potential partners. It should be noted that anyone can view Verge cryptocurrency transactions through its public ledger, but it uses the anonymity tool Tor and an anonymous network layer I2P to hide specific transactions’ IP addresses and locations. Since public ledgers often have their downfalls in protecting anonymity, users also choose to hide on Verge cryptocurrency’s private ledger.

So you can be extra incognito???

This can help pump verge for sure. There are lots of pervs holding cryptos. Grin The anonymity can bring lots of customers to them. This is one smart move by pornhub. Lot's of desperate husbands and wives will surely visit the site cos of its anonymity when paying.

I think that this partnership can make a bad reputation for Verge. I don't know what they really expected, but the reaction of crypto community was very negative. You can see it from XVG price chart. The price decreased almost by half just after the announcement.


Was the decline in the price really brought by the sudden announcement of verge partnering with the said adult site? I really am not quite sure if it is. With regards to the reputation, nobody really cares about it when it comes to money. After all, this is a coin, doing a major step out of the "comfort zone" and actually leading itself into actual use.

The only thing negative here is the irony about this is that the community whether it is the crypto or just the social community, we tend to think that adult sites and porns are taboo (yes, it is explicit but not taboo) and still, a lot of people are, in fact,  using such site anonymously. That is why verge is perfect for it.


I really don't think thats the main reason. People doesn't really care as long as they get profit from it. Pornhub accepting verge won't affect verge's value at all.

If the news is true seems like a smart move for them, ignore the haters saying crypto shouldn't be used for <insert list>. The whole point of crypto is to protect privacy and if people want to spend their crypto on porn good for them. The more adoption the better.

I totally agree with you on this. It's a strategic move done by pornhub to increase incoming customers cos privacy and anonymity. This won't affect verge it will surely pump the coin since lots of pervs all around the world. Grin
544  Alternate cryptocurrencies / Altcoin Discussion / Re: Will EOS surpass Eth 2 years from now? on: April 19, 2018, 11:11:09 AM
EOS is one of the most promising project of this year. The main advantage is speed. ETH blockchain has been struggling with speed for quite some time. As new Dapps launch, the transaction costs rise, speed falls. EOS mainly aims to solve that + many other features. But the thing is that it is still on a test blockchain and it promises big things. We will be able to know it's reality only after it launches mainnet and projects actually use it. Till then, it's a good bet, but nothing more.

So we shall just wait and see if all those promises will be kept. Let's just wait and see when its already launched this June if the performance is really that great and promising. Goodluck with the devs and the people who support this innovation. Hope that investors' money won't just be wasted or won't just go down the drain.
545  Alternate cryptocurrencies / Altcoin Discussion / Will EOS surpass Eth 2 years from now? on: April 19, 2018, 05:18:23 AM
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.

These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.

This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.

The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe. https://www.ethereum.org/

EOS is a blockchain platform for the development of decentralized applications (dapps), similar to Ethereum in function. It makes dapp development easy by providing an operating-system-like set of services and functions that dapps can make use of.

The idea behind EOS is to bring together the best features and promises of the various smart contract technologies out there (e.g. security of Bitcoin, computing support of Ethereum) in one simple to use, massively scalable dapplication platform for the everyday user to empower the impending blockchain economy. https://coincentral.com/what-is-eos/

I have bumped into an article saying that EOS is the Etherium killer. I know this sounds intriguing and vague but with EOS technology I think its more developed than Etherium and is more promising to create more developed and awesome applications.
EOS = blockchain + bots
There’s not much technical information available currently. But EOS is not just about smart contracts + high scalability. It has a completely different design and vision compared to Ethereum.

EOS uses Delegated Proof-of-Stake just like Graphene does.

It uses Network Bandwidth Allocation system to effectively share the blockchain. https://medium.com/chain-cloud-company-blog/is-eos-the-ethereum-killer-ad24277d8c9c

What are your thoughts on this? Will EOS surpass Eth 2 years from now?
546  Other / Beginners & Help / Re: Why is Blockchain so slow? on: April 19, 2018, 04:56:11 AM
The blockchain works very slowly. Not only that, it is very expensive when dealing on this network. If I had to send you some Bitcoin, it would take a few hours to receive them, and I had to pay a large transaction fee. With how to do this, Blockchain alone can balance the world of cryptocurency here?

In every BTC transaction there are recommended fees. You might wanna check in here for faster transactions https://bitcoinfees.21.co/. Sometimes blockchain is so congested that even though you paid higher fees still it won't confirm that fast as what you expected. The devs behind bitcoin is really making more effort in improving and atleast minimizing the fee and transaction speed. This is one of the downside of BTC that needs to be improved and worked on for the betterment of the technology.

The blockchain works very slowly. Not only that, it is very expensive when dealing on this network. If I had to send you some Bitcoin, it would take a few hours to receive them, and I had to pay a large transaction fee. With how to do this, Blockchain alone can balance the world of cryptocurency here?

Bitcoin's network is congested due to its rising popularity and use. The key for bitcoin will be to upgrade for mass adoption. Right now the Lightning Network is being developed the fix the issues you brought up. The future is in off-chain scaling.

I agree with you on this. The lightning network is still very new development. Hoping that they'll gonna do some improvements with this for more faster transactions when it comes to transferring btc from one wallet to the other. When lightning network was implemented we can really feel the difference between the speed and the fees. Few years from now hope that the devs behind BTC will develop a more faster and lower fees.
547  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Survival of the fittest on: April 18, 2018, 08:47:45 AM
I think at the end of 2020 only the fittest coins will survive the cryptocurrency market. By fit, I mean the most use cases such as Ethereum. There will be market leaders like Ethereum, Bitcoin and others. And along with them the coins which serve to a whole particular industry which have already accepted the coin for their use will survive and rebuild the whole crypto world. 

No one can really tell. Each coin or project is backed up or being supported by community of investors who truly believes in their token or coin. I know that there are lots of undervalued coins in the market some of them were called shitcoins but people or the devs behind these coins are doing there best to pump the value of their coins as much as possible overtime. This is just a matter of who gives up supporting and pumping their coins. May the best people behind every project wins. Advertising and pumping your coin or introducing it to a large group of investors will make a shitcoin be valued over time. Remember that crypto values are very volatile and each coin plays different roles and functionalities in the cryptoworld so we'll just try to wait what the future brings.
548  Economy / Economics / Re: What is going to happen when we reach the 21 Million BTC supply limit? on: April 18, 2018, 08:36:01 AM
Hello,
I have several questions?
The maximum supply amount of bitcoins in circulation is 21 Millions.
The amount that are mined so far is more than 16 Millions (more than 79%)
What is going to happen when the 21 Million limit is close to be reached?
Since it going to be more and more difficult to mine bitcoins, does that mean that the price of a transaction is going to be extremely expensive?

Thanks for taking the time to answer :-D

That's the time that there will be no mining of bitcoins that can ever happened and the value of bitcoin will surely skyrocket. Lucky are those who hodl lots of BTCs while the price is so low and wait for that moment when acquiring bitcoin is already impossible due to its scarcity and mining difficulty. With regards to the transaction fees I strongly believe that it would be so expensive cos every fee is worth alot of money due to the value of BTC and since miners will never receive rewards then tx fees will skyrocket as well. When this happens the purpose of bitcoin will no longer be realized as a currency but merely a store of value.

Hello,
I have several questions?
The maximum supply amount of bitcoins in circulation is 21 Millions.
The amount that are mined so far is more than 16 Millions (more than 79%)
What is going to happen when the 21 Million limit is close to be reached?
Since it going to be more and more difficult to mine bitcoins, does that mean that the price of a transaction is going to be extremely expensive?

Thanks for taking the time to answer :-D
I think it depends on the demand, if bitcoin is depleted mined from the total supply but there is little demand from society, then the value will remain (not up). So, it all depends on the conditions of demand and supply.

I agree with you on this (The law of supply and demand) but as what we can see now, bitcoin is still number 1 and there are still lots of newcomers to cryptoworld trying to acquire more btc as they want over time. So when we talk about the demand I strongly believe that the demand for bitcoin given the fact that its the best store of value when it comes to digital assets will still increase because as far as we know the higher the difficult mining bitcoin the higher its value.
549  Alternate cryptocurrencies / Altcoin Discussion / Re: What altcoin to buy this month? on: April 18, 2018, 08:24:40 AM
Hi guys,

Advice me some good altcoin to buy?

I highly suggest that you should do your own research when it comes to the technology of every coin or tokent that you wish to invest your money in not just by others speculations. Cryptocurrency is very volatile specially altcoins. No one can predict when is the exact time that you can profit. If you want more security with your investment I suggest that you invest in Bitcoin instead of altcoins. If you really wish to invest in altcoins make sure you choose Eth since is the best alt coin so far next to bitcoin which has still so much to offer in the future.

I'm not an expert when it comes to altcoins but I can suggest these altcoins because I do believe in the technology and the people behind it: ETH, EOS and STEEM and once again do your own research for you to trust the technology and have faith with it. Always remember to invest and amount that you can afford to lose!
550  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Does a great advertising solution token guarantee great profit revenue on: April 17, 2018, 01:58:43 PM
Hello guys please I will like us to share our opinion whether a great advertising token with popular exchanger guarantee good profit revenue other  than a token with good technology and good team.

Yes. Great advertising can create hype but as we all know as soon as people will understand that your project is not really usable in the real world then that's the time the hype will be dead and eventually the value of your tokens will go down as well. Every product should have great advertising strategy for it can brainwash people and it is one way of spreading the word out to the public about your token.

So its much better to build a very promising project done by brilliant dedicated individuals accompanied with great advertising strategies then the token will surely skyrocket. Building a community of investors and hodlers for long term participation or support for the project can give your token stability when it comes to long term value.
551  Alternate cryptocurrencies / Altcoin Discussion / Re: $1000 in bitcoin or XRP? on: April 17, 2018, 11:41:45 AM
Interested on what you think would be a better investment right now.What would have the best ROI?
I know XRP has a lot of bad press but purely from a investment point of view I’m hedging more towards XRP.

If you want security of your investment and sure profit I'd suggest that you prefer BTC over XRP(Ripple). BTC has already proven its worth when it comes to long term investments. Ripple is a good coin as well but its still so young and mostly the pumps are not that huge and constant. BTC 4 years from now could double or even triple its value due to increased mining difficulty. You can also put 70% of your $1k into bitcoin and 30% to Ripple. Just follow your gut feeling between those two coins but always remember to invest an amount that you can afford to lose. Goodluck with your investments and have a good one!

552  Bitcoin / Bitcoin Discussion / Re: SAMSUNG will use blockchain technology to manage global shipping network on: April 17, 2018, 10:07:30 AM
The global electronic giant will use blockchain technology to manage the company's global shipping network. Samsung Electronics is considering the introduction of blockchain accounting to improve global tracking of shipments worth tens of billions of dollars a year. The system can reduce shipping costs by up to 20 percent, Samsung analysts say.

https://www.investopedia.com/news/blockchain-may-cut-samsungs-shipping-costs-20/

One of the big fish is using blockchain. Expect a token or a new coin from Samsung in the near future since Samsung is always embracing future possibilities when it comes to technology that gives them so much profit. This blockchain technology brings a lot of future projects and ease to businesses worldwide so no doubt that cryptocurrency will boom as well few years from now.

Any project or application that will be backed up by Samsung will surely succeed. Hopefully this giant company will invest a lot in crypto or even try to create an altcoin of their own for future usage of different applications and innovations. Can't wait to witness awesome innovations using blockchain from this giant company. Many investors would surely ride along the way if this will happen and will surely get huge profits.
553  Economy / Speculation / Re: The weekly trading volume of bitcoin in Venezuela reached $ 55 million. on: April 17, 2018, 08:26:45 AM
According to the website of Coin Dance, by April 14, the trade volume of bitcoin, paired with Venezuelan bolivar on the Localbitcoins exchange, rose to a record mark of 2.7 trillion Bolivars ($ 55 million) per week. And a week earlier this figure was $ 35 million, and in the last week of March - $ 18 million. And this is only in some Venezuela!)

Source: https://coin.dance/volume/localbitcoins/VEF

This is a very good news to all of us. Sooner or later more countries will adopt not only bitcoin but other crypto as well. This is just the beginning, there's still so much more that can happen with regards to the technology brought by bitcoin and the blockchain. I  can just imagine how convenient and comfortable it will be if every people here on earth will just use crypto as mode of payments to everything whether it will be goods or services. Lower fees and faster transactions should be the main focus of development when it comes to the use of cryptocurrencies.

That's pretty awesome. Venezuela is pretty unique because it's essentially an entire country demonstrating a Bitcoin use case. Their fiat is collapsing and Bitcoin is currently a perfectly legal and convenient way to escape it. It sucks that the country is in the shape that it's in, but it's good that people are finding a real-world use for Bitcoin I suppose.

They seem to be pushing Petro quite aggressively though, and them banning the competition in the future is quite a real possibility in my opinion. I guess we'll see though, as their government clearly believes that accepting crypto will help their economy improve.

ACWA Power, the Saudi-based developer, owner and operator of power generation and water desalination plants, will now start using SolarCoin, the first time a utility-scale company will adopt the global reward programme for solar electricity generation. This technology can really create more innovations and applications in the future. I'm really looking forward for new inventions and applications that will be created in the future using the blockchain technology.

Let's all be ready to embrace a very bright and promising future of cryptocurrencies few more years from now.

 

554  Economy / Economics / Re: Bitcoin as savings, emergency needs possible? on: April 17, 2018, 04:19:47 AM
So far there are many concerns regarding on bitcoin advantage. I have read a lot of it here in our forum. Thus really make sense why should we invest in bitcoin? Well i know that you can add up more when comes to the advantage of investing bitcoin from the other members as well. In fact i get a lot of idea from them from reading and reading from their post. Thus includes bitcoin as a form of savings highlights the best idea on investing bitcoin which could be later use as for emergency needs also. So how it will work? Well i have some extra money from my salary so instead of putting it to my piggy bank i will invest it here in cryptocurrency though  it is not that big yet it could be consider as savings. From time to time as other members done like holding and selling it in the right time will do also. So it will be savings plus profit and that could also be use for emergency needs and easier to get or convert it to money for emergency uses unlike lending money from banks that will cater 2-3days process before you get your money. So this is the best idea i guess. How about you?Could you consider this thoughts?

I have read the comments about other people's idea when it comes to your move making bitcoin as an emergency fund. When we talk about emergency it should be something that you can accessible anytime with no delay since its for emergency purposes. We all know that bitcoins value is very volatile and we can't really tell whether your savings will profit or not in the future.

If you can convert easily your bitcoin into FIAT and don't care any loses when market is red during an emergency fund is needed then its really up to you but there are some disadvantages along the way and majority of the people commented in here already foresee those events if an emergency would take place.

It would b much better if you'll just use bitcoin as a store of value for long term investments not for emergency funds for you to have ease of mind and avoid complications in the future.

So far there are many concerns regarding on bitcoin advantage. I have read a lot of it here in our forum. Thus really make sense why should we invest in bitcoin? Well i know that you can add up more when comes to the advantage of investing bitcoin from the other members as well. In fact i get a lot of idea from them from reading and reading from their post. Thus includes bitcoin as a form of savings highlights the best idea on investing bitcoin which could be later use as for emergency needs also. So how it will work? Well i have some extra money from my salary so instead of putting it to my piggy bank i will invest it here in cryptocurrency though  it is not that big yet it could be consider as savings. From time to time as other members done like holding and selling it in the right time will do also. So it will be savings plus profit and that could also be use for emergency needs and easier to get or convert it to money for emergency uses unlike lending money from banks that will cater 2-3days process before you get your money. So this is the best idea i guess. How about you?Could you consider this thoughts?

I don't think it is a good idea to make bitcoin as emergency fund because there is a tendency that when you need the money, you would need to sell it to whoever wanted to buy at market price. What if you bought bitcoin at $10k and the price now is just $6k then you would be hesitant to convert it because you will be at a loss. You will be getting smaller value than what you originally saved.

Emergency means you need it urgently so you should have available money in fiat because it would have the same value and would not fluctuate unlike bitcoin. Investing in cryptocurrencies should be for long term and you should separate your emergency fund, long term investment fund and trading fund.

I agree with you on this since bitcoin still needs to be converted to cash then the accessibility and the purpose of making it as an emergency fund is not really wise at all or doesn't even makes sense since a loss is really inevitable.

It would be okay if the value of bitcoin is increasing or shall we say stable without any ups and downs but its so volatile that you could even lose all your emergency funds.
555  Alternate cryptocurrencies / Speculation (Altcoins) / Re: is buying new listed coin profitable? on: April 16, 2018, 03:13:43 PM
Good Day guys, just searching for an alternative way to invest my money to,
so the question is, is buying new listed token(token that just ended ICO) to an exchange profitable? do many of you do that? would you recommend doing that? or should I buy on their ICOs?

No one can really tell. It really depends on how the devs or the community behind the token or coin supports its growth and promoting the coin. Acceptance of the cryptocurrency to the people will determine its value. If many people will acquire or buy those coins after the ICO then its price will soar high. For you to make profit you need to know more about the crypto that you're trying to invest in. You need to do your own research on the coin and the people behind it as well as the devs. By doing your research you can acquire lots of knowledge about the technology and it can create trust and you'll have faith in the crypto that will make you feel secure in investing. You should as well take into consideration that not all cryptos will be successful even if its listed in all exchanges. Dedication of the devs as well as the support of the community holding the coins is one big factor that can make a coin valuable.

I suggest that you do a long term investment in BTC so that you'll have more security with your money and always invest an amount that you can afford to lose. Goodluck with your investments and have a good one!
556  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What are you gonna buy ? BTC LTC ETH ? other on: April 16, 2018, 11:16:48 AM
I have recently been doing a lot of trading and have gotten a variety of tokens and some btc and ether don't what to do just yet and holding for too long isn't really working too well, how can i minimize my losses? reinvestment options?

Crypto values are very volatile. No one can really tell which crypto will make us profit but with what I've learned and read for the past 2 years about bitcoins value it is really trustworthy. You will have security with your investments if you hold it long term. Aside from the fact that difficulty of acquiring bitcoins will increase every 4 years, bitcoin has a very solid community of supporters so even if there are so many FUD and bad events, BTC will always remain standing strong.

All I can suggest is diversify your portfolio but atleast go with 65% - 70% BTC, 25% Eth, and the rest percentage place it into altcoins that you wish to invest in. It's really up to you where your heart is. All I can say is that bitcoin is a very good store of value and it will always be the best crypto.

I have recently been doing a lot of trading and have gotten a variety of tokens and some btc and ether don't what to do just yet and holding for too long isn't really working too well, how can i minimize my losses? reinvestment options?

Minimize losses: stop loss.
Maximize chances: hold utility coins.

Bitcoin. Litecoin. Ethereum. This is exactly the order of priority for me in crypto. Bitcoin will always and should always be more than half of my portfolio. Everything else relies on the success of the leader. Altcoins for me I always love Litecoin as one of the oldest projects. I still do not support Ethereum but I am holding it for a few years.

Look at utility first (then, therefore, Monero should be in that list).

I concur with this. If you're an emotional investor seeking short term profits a stop loss should be the best thing to do. Those 3 cryptos that you chose are solid ones when it comes to community back up and the people behind the technology. EOS and STEEM are also promising when it comes to innovation so better add this up to your portfolio as well for a very good profit in the future.
557  Economy / Services / Re: [OPEN] IOS - Signature & Avatar Campaign | Up to $150/week in BTC & Tokens! on: April 16, 2018, 07:56:12 AM
BTC payments for the first week have been sent out- https://blockchain.info/tx/437e45c2418a5766383fc02ffbaabf08025a7ed82bc579a962a5c4f6cb840f99

Please PM me if you are on the spreadsheet for week 1 and have not yet received payment.

Spreadsheet for week 2 will be up as soon as possible, just need to confirm some things.

I confirm that I received the btc payment. Thanks alot CM!
558  Alternate cryptocurrencies / Altcoin Discussion / Re: How can you compare altcoin and bitcoin? on: April 16, 2018, 02:21:47 AM
Hello guys, what do you think, is it possible to compare altcoin and bitcoin? In my opinion it is kind of stupid to compare this crypto currencies, because altcoins and bitcoins are different. Bitcoin has its own benefits, altcoins have got their own benefits, they have got different blockchains, they have different way of use and so on. I just can’t understand people who make topics like: “Altcoins or Bitcoin?”. So what’s your opinion?

You can compare Bitcoin to altcoins with regards to their functions and usage. Nowadays, since bitcoin's value is so high it's function as a currency wasn't really used instead as a store of value. Despite the success of bitcoin as a store of value there are still lots of flaws about it being a currency so altcoins were made to correct those flaws that bitcoin has. There are lots of promising altcoins in the market that function or do better than bitcoin when it comes to the main purpose as a currency. We have Eth which has faster and lower fees when transacting than bitcoin do and many more.

The birth of these altcoins is because of the services and some functionalities that bitcoin can't offer so it's not that its stupid to compare because every altcoin is somehow or somewhat relative to bitcoin because they are nothing without bitcoin and the term altcoin won't even exist.

559  Economy / Services / Re: [OPEN] IOS - Signature & Avatar Campaign | Up to $150/week in BTC & Tokens! on: April 15, 2018, 06:10:14 PM
I confirm that I received the IOST token payments. Thanks a lot CM!
560  Economy / Economics / Re: Will bitcoin be banned on Philippines? on: April 15, 2018, 09:37:04 AM
Over 900 Million  pesos worth of bitcoins been scammed.

Filipino couple amasses at least P900M in alleged Bitcoin scam.
MANILA, Philippines (UPDATED) – Police have nabbed a couple promising easy wealth through popular cryptocurrency Bitcoin, Philippine National Police (PNP) chief Director General Ronald dela Rosa announced on Tuesday, April 10.
Arnel and Leonady Ordonio were nabbed by PNP Criminal Investigation and Detection Group (CIDG) operatives – the police division in charge of high-stakes and high-profile crimes – in Vigan City last April 4 through an entrapment operation.

The scam, Obusan said, is structured like a pyramid scheme but with electronic money.

The Ordonios apparently had middlemen who lured people to invest. They promised to pay victims with their earnings every 15 days.

Fueled by the worldwide Bitcoin hype, more and more people were baited by the Ordonio couple's promises.

The complaints started piling in when investors lost contact with the Ordonios.
Whats happened  next?
Around 50 angry victims stormed to Camp Crame on Tuesday, asking the couple if they could still get back the money they had hoped would grow.

Will bitcoin be banned because of that?

Crypto or not, if you'll join these kinds of schemes very much likely you'll get scammed in the long run. There's no such thing as easy money. I doubt crypto will be banned in the Philippines because lots of miners and Filipinos rely on cryptocurrency nowadays to earn a living for their family.

But there's a slight chance that this could happen if the Philippine overnment will see crypto as a bad thing for Filipinos. Let's just hope that this won't happen because lots of Filipinos that will be affected by it.
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