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541  Bitcoin / Bitcoin Discussion / Re: Don't get them confused!!! on: January 26, 2018, 12:06:31 PM
Funny when they both going down today.  BCH going down faster than BTC.  Try again?

You mad bro? RawDog is just stating facts here about BTC and BCH's sort of "official" logos. He wasn't implying on bitcoin's price going down and bitcoin cash's price going up.

Most people (including myself) tend to miss it because the image takes time to load. RawDog has posted quite a big image and people with slow connections will read the text and miss the image. The text touches on a quite sensitive topic and most people will think that RawDog is talking about the price.
542  Economy / Economics / Re: Saving the Tech Industry on: January 26, 2018, 06:06:43 AM
Does anyone think mining was created to boost or save the tech industry in terms of hard goods?  I have followed all of this for sometime including prices of video cards and such, 2015 was to be projected as the worst year for computer/part sales.   It would seem alot more plausable to have coins that can not be mined such as IOTA where as i understand it, computers are bouncing small verification between 3 algos that tangle to make a whole instead of a DAG that never stops growing?

Proof of work might have resulted in increased demand for tech goods, especially chips, but it would be far fetched to say that it was created to save the tech industry. If we do move away from Proof of Work, I think the primary reason would be the huge consumption of electricity, rather than anything else.
543  Economy / Speculation / Re: Now is the best time to invest in bitcoin, says digital currency hedge-fund mana on: January 26, 2018, 05:58:51 AM

Now is the best time to invest in bitcoin, says digital currency hedge-fund manager.

Market watchers should invest in bitcoin now that prices are down, says BK Capital Management founder Brian Kelly.

"Now, when everyone is saying ... it's over, that's it, bitcoin is dead, for the 175th time. Now's the time you start looking at it, on the buy side, =>>
https://www.community.bitzamp.com/view.php?permlink=now-is-the-best-time-to-invest-in-bitcoin-says-digital-currency-hedge-fund-manager&id=462996

I don't think there is any 'good' time to buy Bitcoin. In the long run, if Bitcoin is really successful, it won't matter whether you bought Bitcoin at $10k or $12k. The best strategy would be to invest in small amounts (which you can afford to lose) at regular intervals. That way, you tend to average out your purchase price.
544  Bitcoin / Press / Re: [2018-01-25] ✔ Ripple warns of Bitcoin ‘civil war’..... on: January 26, 2018, 05:19:14 AM
Hmm... A centralized company which issues a currency claims that its distinguishing feature is its strong leadership. This might pull in a few suckers and make them buy Ripple instead of Bitcoin. True believers of decentralized cryptocurrencies wouldn't touch Ripple with a 10 feet long pole.
545  Bitcoin / Bitcoin Discussion / Re: MSN article on BTC and taxes. on: January 25, 2018, 09:05:19 PM
My wife just emailed me this article. The IRS is really trying to scare you into reporting your transactions.   

https://www.msn.com/en-us/money/markets/if-you-own-bitcoin-heres-how-much-you-owe-in-taxes/ar-AAv9Evn?li=BBnbfcL


If you make a purchase with BTC. Just how do they think they can charge taxes on that purchase? What a load of crap. Here is another thing that pisses me off. Have you ever walked into your bank with a large amount of cash and been questioned about how you got it by the banker?  Its cash. Its not illegal to own it and you don't have to explain how you got it. You saved it. I can bet though if I sold a bunch of BTC person to person and walked into the bank with cash there would be questions.

If you make a purchase with BTC, and you bought your bitcoins at a low rate, then it is obvious you will have capital gains. This would qualify as a barter transaction and would be equivalent to a sale of bitcoins. If there was no tax on such transactions, people would only indulge in barter transactions and never sell assets to realize capital gains.
546  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: January 25, 2018, 08:42:32 PM
The combination of textcoins and the attestation process + bonuses are AMAZING! Literally one of the biggest developments in crypto EVER, imo

Byteball is moving at a faster pace than any other project I know of. The goal of being a mass-adopted currency was maximally bold, but now I'm starting to believe it can happen. It's moves like THIS that shake up the entire industry.

I am ALL IN on this verification system.

If you want to get verified but don't have any $GBYTE to start with, please message me. I would love to get you set up with a wallet and share the excitement and abundance of Byteball with you!

Textcoins are definitely an amazing feature; but opinion is divided on the attestation process. Linking real world id might become inevitable in the long run, but people in the crypto ecosystem right now favour staying anonymous. We will have to wait and see how successful this Byteball air drop is in March 2018.
547  Economy / Gambling discussion / Re: Cricket match prediction discussions on: January 25, 2018, 06:02:45 PM
SAF 194 all-out !! And I would say advantage India. If India can get at least 200 in the second innings, it would be really tough for the Proteas chase it down. Mind you they are known for choking & Indian bowlers are on top of their game. It’s India’s game to lose from here, Bowlers have done exceptionally well on this series, not one century from SA. But, it's the batsmen who have let us down.

I wouldn't say that it is advantage India yet. India might have fought back well with the ball and restricted South Africa's lead in the first innings, but we must remember that their problems in this tour have been with their batting. They still need to set a fighting total for South Africa to chase.
548  Bitcoin / Press / Re: [2018-1-23] - Reuters - Venezuela "Petro" Cryptocurrency Pre-Sale on: January 25, 2018, 04:10:51 PM
Venezuela says "Petro" cryptocurrency pre-sale will be in hard currency.
On mining:
"It is an activity that is now perfectly legal," Vargas said. "We have had meetings with the Supreme Court so that people who have been victims of seizures and arrests in previous years will have charges dismissed."
 Reuters: https://www.reuters.com/article/us-venezuela-economy-petro/venezuela-says-petro-cryptocurrency-pre-sale-will-be-in-hard-currency-idUSKBN1FC2RG


They are moving to drop charges for those involved in mining? How will this be helpful to people who have already been arrested and served time for Bitcoin mining?
It is real ironic - my guess is if the government finds that there are no takers for their Petro currency, the Venezuelan government will continue with its previous crackdown on Bitcoin.
549  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [GBYTE] Byteball Speculation on: January 23, 2018, 02:32:51 AM
I wish them luck with the new distribution but there's no way I'm linking my ID to any one individual address.

Aside from not having a clue who jumio is, I have no plans to stick with only one wallet.
This is a step backwards for privacy and anonymity. Having your personal identity linked to a platform most of us have barely heard of

This is only if you want to take part in the airdrop. If you would rather not have the $12 ($20 air drop - $8 Verification fees), you are welcome to give this pass. But as Tony says, more and more ICOs now seem to have a requirement to complete KYC of their investors. Eventually, linking real life ID will become compulsory if you want to invest in ICOs.
550  Bitcoin / Press / Re: [2018-01-22]How Scammers Are Using Fake News To Screw With Bitcoin Investors on: January 23, 2018, 02:23:45 AM
Fake twitter accounts are blatant attempts to manipulate the markets. But there are a lot of other attempts as well. Sponsored articles in the guise of 'news' attempt to push up the price of coins. Last year, every now and then there were rumours about China 'banning' bitcoin, which resulted in price crashes. The rumour mongers then got an opportunity to pick up cheap coins.
551  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: January 22, 2018, 12:28:39 PM

The article definitely mentions DAG in a positive light, but I wouldn't go as far as saying that Byteball is mentioned in a positive light. Nxt is the coin which is highlighted, while all other coins which use DAG, like ITC, IOTA and Byteball only get a passing mention.
Of course, even passing mentions like Forbes could do us a world of good.
552  Economy / Gambling discussion / Re: Cricket match prediction discussions on: January 22, 2018, 11:43:09 AM
The first T20 match between NZ and Pakistan just started. New Zealand won the toss and elected to field and it looks like they made a very good decision to bowl first because they already took three wickets in just 4 overs for 15 runs. Since it is a short format game so even now also if couple batsman plays well still they can score decent score but I don't think this Pakistan team got such a quality batsman.

Pakistan were outclass by the NZ bowlers who bowled a very good length and line. Thus Pak got all out in 105 runs only and NZ made them in just 16 overs with 7 wickets in hand. Pakistan team is not having a good time in NZ has they have already lost One day series and started poorly in T20 match as well.


The match was over as soon as the Pakistani batsmen collapsed. If you do not make even 120 in a T20 match, the opposition is going to steamroll you into the ground. Pakistan is performing poorly in New Zealand and there is no reason why we should have expected an improved performance in T20 matches.
553  Economy / Speculation / Re: Bubble closer than you think? on: January 22, 2018, 10:49:18 AM
BTC isn't going anywhere.  The price may have big swings, but their will always be a market for it.  This is different from equity markets because it spans every country and is independent of them all.  There will always be someone willing to buy it at the right price.

Everybody will agree that Bitcoin is different from equity markets. The equity investors will say that their investments are backed by solid cash flows, and that the value of their investments will never go to zero. According to them, that is why equity markets are different from crypto markets. Just because Bitcoin market is different from traditional equity market does not mean that there cannot be a bubble.
554  Bitcoin / Press / Re: [2018-01-21] South Korea’s Second Largest Bank Supports Cryptocurrency Exchanges on: January 22, 2018, 03:05:21 AM
Kookmin Bank's loss is Shinhan Bank's gain. The cryptocurrency pie is too big for all banks to ignore, especially if there are no signals from the regulators. The biggest banks might shy away, but you will have some younger tech-friendly banks jumping in. If cryptocurrencies really take off, then these banks could get a competitive advantage.
555  Bitcoin / Bitcoin Discussion / Re: What do you think of Cloud mining? on: January 22, 2018, 02:11:35 AM
I am new in the bitcoin world, and I saw this publicity on instagram about cloud mining, it claimed that I could earn bitcoins with any investment, even without having a hardware. I did a little research but didn't understand much, it seems too good to be true.

The returns promised are not guaranteed, but based on expected growth in hashing capacity of the industry and expected mining rewards which the firm will obtain. If some cloud mining firm promises you guaranteed returns, then it must be a scam operating like a ponzi scheme. Some mining companies do not even tell you where they are based and are not open about their hardware specifications - big red flags.
556  Bitcoin / Press / Re: [2018-01-21]SOUTH KOREAN EXCHANGES ARE BARRING FOREIGN RESIDENTS FROM TRADING on: January 21, 2018, 03:03:26 PM
https://bitcoinist.com/south-korean-exchanges-are-barring-foreign-residents-from-trading/

The South Korean government was the cause of major turmoil in the global cryptocurrency market as rumors spread that they were planning to ban cryptocurrency trading across the country. Soon after the news was released, the total cryptocurrency market valuation dropped by almost 50%, causing major financial losses for a lot of traders worldwide.

Later, government officials stated that a digital currency exchange ban is only a potential measure for enforcing regulations. Since then, the cryptocurrency market has stabilized at a valuation around $620 billion after having previously fallen to $428 billion. The new regulations are aimed to curb South Korean exchanges from allowing unverified accounts to trade digital assets. Exchanges that do not fully comply with KYC/AML procedures might also be banned by the new regulations.

I don't see what is the point of preventing foreigners from trading in cryptocurrencies. In today's globalized world, you really cannot impose restrictions. KYC and tracking IPs might help to some extent, but you cannot prevent a South Korean from exchanging cryptocurrencies with foreigners on a decentralized / peer-to-peer exchange. So all this will do is reduce liquidity and hurt traditional Korean exchanges.
557  Economy / Gambling discussion / Re: Cricket match prediction discussions on: January 21, 2018, 02:36:48 PM
Sri Lanka Survive on the Tri nation series by beating Zimbabwe for 5 Wickets.Zimbabwe batted first and scored only 198.It was too easy for Sri lanka to reach winning margin.

So the series gots life and there is lot of things to watch.Next two match is very important for both team SL and Zimbabwe.Because they will face Bangladesh.Those matches will tell which two teams are going to finale.

This must be a relief to Sri Lankan fans. On the face of it, they shouldn't have a tough time in a series featuring Zimbabwe and Bangladesh, but they managed to lose to both teams in the initial matches. This victory against Zimbabwe was required to prevent them from crashing out.
Thisara Perera played well and Sri Lanka did well to restrict Zimbabwe to 198. The batsmen then took them home with more than 5 overs to spare, in a calm fashion.
558  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: January 21, 2018, 01:54:23 PM
What happens if the private keys to an address are compromised? Can we contact Jumio to ensure that we are able to link a new address, and the verification of the previous address is revoked?
It shouldn't be too difficult for Jumio to implement a standard procedure in these cases. With increase in cybercrimes, this is bound to occur.
559  Economy / Gambling discussion / Re: Cricket match prediction discussions on: January 21, 2018, 04:09:47 AM
Now it looks the weakest team in Asia is SL. WI team got some internal issues with their management about the payments so many good players don't want to play. But I don't think SL team got any of those issues. It looks mainly all players lost their confidence or their management didn't plan to train young players when senior players were still playing. They have a find a solution to these issues faster.

Sri Lanka take on Zimbabwe in a do or die match today. Having lost to both Zimbabwe and Bangladesh, Sri Lanka needs to fight to stay alive in this tri-series. Zimbabwe's performance has been strong, considering that they have not played ODIs for the last 6 months. 2017 was pretty bad for Sri Lanka and 2018 seems to have started on a worse note.
560  Economy / Speculation / Re: BTC inching toward 12 K again. on: January 21, 2018, 03:52:39 AM
Who thinks that is the support level and we are about to rocket? Or is it a bull trap that is about to sink one last time before btc fires up?

It is not a bull trap, and this is not another dip. Just have some patience, you all know how volatile bitcoin is, and this kind of situations are normal in here. It might be touching $12000 by tomorrow, but during the next week, it will be over $15k.


Touch $12k tomorrow? It is already at $12,700 and is inching towards $13,000. Alts seem to have outperformed Bitcoin over the last 1 month, but it is only a matter of time before the tide turns. We will see Bitcoin hurtling towards new ATHs once Bitcoin picks up steam again.
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