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5521  Bitcoin / Bitcoin Discussion / Re: I can't wait until I can pay using bitcoin at the supermarket on: August 27, 2020, 04:58:14 AM
That would be a nice thing to happen. But I bet not everybody is waiting for that same thing you are waiting.

We are all aware of the huge shift of Bitcoin's treatment from an electronic cash to a speculative asset, from an alternative medium of exchange to an investment, so I guess the majority is waiting for that new ATH more than their favorite supermarket's green light for Bitcoin payment.

Well, as for me, I would gladly welcome either of the two that happens first. Wink
5522  Economy / Economics / Re: Monkeys: Don't do trend analysis! (with poll) on: August 27, 2020, 04:26:33 AM
Okay, the above examples are for stocks, but it should be somewhat applicable to the cryptocurrency market. What do you think?

While I am not really a fan of technical analyses as I am not really convinced of their accuracy, I don't think that a random dart throw is more or less the same.

If you want to try out this random dart throwing in the wide crypto market, say, which coin is worth investing in the following week, or which price range is better for buy or selling, or whether it is buying or selling time right now, the tendency is that you are going to end up losing.

5523  Bitcoin / Bitcoin Discussion / Re: Chris Larsen, Chair Of Ripple, Argues China Can Reverse Bitcoin Transactions on: August 27, 2020, 04:02:08 AM
A mining pool is just a server, if it's located in China doesn't mean that all the miners that work for it are located in China too.

And Bitcoin miners could easily switch mining pools, too.

Secondly, it does not automatically mean that since a mining pool is located in China it is going to be just a puppet of China. While China is indeed autocratic, I doubt mining pools would just hand everything to the government on a silver plate immediately upon request.

It is even very wrong to say "Chinese mining pools" when in fact they're just companies based in China primarily due to cheaper electricity rates.
5524  Economy / Exchanges / Re: BINANCE ALLOWS TRADER P2P Rafael Moura Gozzi TO SCAM FREELY on: August 27, 2020, 03:26:30 AM
First, it would be best to translate most of your post since majority of the users here are probably not able to understand Portuguese. Google translate might not be that accurate.

P2P trades in Binance require that cryptocurrencies are escrowed, right? And if either of the parties turned out a scammer or did not stick to what was agreed, the other party can always appeal the trade and Binance would then decide fairly based on the evidences provided by the aggrieved party.

Have you made an appeal already?
5525  Economy / Gambling discussion / Re: Verifying Provably Fair b.s. on: August 27, 2020, 02:38:47 AM
Gambling results may appear to be bullshit but they are truly what they are most of the time. It may be almost impossible to imagine to lose 28 consecutive hands in a blackjack but it happens. In the same manner that a dice game with 50% winning chance could also give you 30 consecutive losing rolls.

Anyway, you might want to check this out: https://blog.bc.game/how-to-verify-that-my-bets-were-fair/. This is a guide or a tutorial on how to verify fairness using an independent third party. This uses SHA256 online.

Quote
It's a good idea to use a third party verifier rather than using an onsite tool that was created by the casino you are checking up on. The whole idea here is to remove the need for you to place your trust into casinos. 
5526  Bitcoin / Bitcoin Discussion / Re: Laws of Bitcoin on: August 27, 2020, 01:54:23 AM
Good enough, although the title "Laws of Bitcoin" has a much heavier impact than its actual contents which are basically reminders to avoid getting scammed or phished, having your BTC sent to a wrong address, losing in an investment, and so on.

Perhaps there should also be like "Tenets of Bitcoin" which bears the basic principles of Bitcoin and what they mean.
5527  Economy / Economics / Re: I have discovered Something about covid 19 on: August 26, 2020, 03:22:44 PM
Do we have the figures to at least give this conspiracy theory a little support? Otherwise, this is just another addition to the rising number of conspiracy theories surrounding COVID-19 which are totally baseless or at least backed by what seems to be coincidental figures and data.

You can't connect the dots?  

I beg your pardon but I cannot even see a lot of dots. I can only see that there is COVID-19, which is simply a different coronavirus strain. There is also the fact that COVID-19 has quickly become a pandemic due to its being very infectious, with all countries in the world--rich and poor, powerful and weak, thickly populated and otherwise, buried in debt and not, and so on and so forth--having their domestic transmissions.

However, despite the spread of the virus all over the world, the mortality rate is very low. But this did not stop countries from implementing strict measures to put a check on the spread. And these measures are enough to cause a massive economic slump not just in selected countries but all over the globe.
5528  Economy / Economics / Re: I have discovered Something about covid 19 on: August 26, 2020, 02:13:15 PM
Do we have the figures to at least give this conspiracy theory a little support? Otherwise, this is just another addition to the rising number of conspiracy theories surrounding COVID-19 which are totally baseless or at least backed by what seems to be coincidental figures and data.
5529  Bitcoin / Bitcoin Discussion / When Bitcoin Maximalists are Promoting/Shilling an Altcoin on: August 26, 2020, 05:48:18 AM
Just the other day, a SEC-approved tokenized IPO was launched by INX, a crypto exchange. The token is built on the Ethereum network.

Everything seems pretty normal. But no, this is a whole different security token not so much for its features as the people who are promoting/shilling it and even sitting as Advisory Board Members. They are no less than Bitcoin maximalists who openly despise altcoins as shitcoins including ETH itself. And now, all of a sudden, this promotion.

A whole controversial drama has ensued.

Stefan Jespers, known on Twitter as WhalePanda with the description: "Toxic Monetary Bitcoin Maximalist"[1] and whose Linkedin profile states that "He will not give you investment advice and he will not endorse your ICO."[2] recently tweeted:


(https://twitter.com/WhalePanda/status/1297933116779175938)

Meanwhile, the cyberphunk, Jameson Lopp, creator of statoshi.info, bitcoin.page, lightning.how, has also tweeted:


(https://twitter.com/lopp/status/1298262107478081547)

It turned out the two, among other Bitcoin maximalists which include Samson Mow, chief officer of Blockstream, and Alena Vranova, founder of SatoshiLabs, are advisors of the project.[3]


(https://cointelegraph.com/news/bitcoin-maximalists-accused-of-shilling-an-sec-cleared-token)

This decision made by these quite popular Bitcoin influencers and enthusiasts did not bode well to some Bitcoin fans.

Hodlonaut.hodl on Twitter did not mince words in his disappointment:


(https://twitter.com/hodlonaut/status/1298304878293454848)

(https://twitter.com/hodlonaut/status/1298328894559395845)

(https://twitter.com/hodlonaut/status/1298341888488083457)

(https://twitter.com/hodlonaut/status/1298370374665674752)

Replies were also pouring down hard on Jameson Lopp's Tweet, some of which he courteously answered:





(https://twitter.com/lopp/status/1298262107478081547)

And Cøbra, Bitcoin.org's custodian, spoke of it as a kind of hypocrisy:


(https://twitter.com/CobraBitcoin/status/1298398992401870848)

[1] https://twitter.com/WhalePanda
[2] https://be.linkedin.com/in/stefan-jespers-64437a1b
[3] https://cointelegraph.com/news/bitcoin-maximalists-accused-of-shilling-an-sec-cleared-token
5530  Economy / Service Discussion / Re: Temtrade.net is legit? on: August 26, 2020, 04:05:17 AM
I share with BitMaxz's curious question. How the heck did you even find this one unknown website?

I bet you are after certain freebies or bonus after signing up or even completing KYC? If I were wrong, then let this be a lesson and stick to popular, trusted, and sufficiently reviewed sites. If I were right, then let this be a lesson and avoid chasing freebies and bonuses especially in sites which have not yet even created the minimum reputation. 
5531  Economy / Economics / Re: Economy over health on: August 26, 2020, 03:29:56 AM
This does not sound wise to me. Although there should be no such thing as economy over health or health over economy as there should be a balance, at times the other one is far more stretched than the other. And this case right here is one perfect example.

Is there no other way to intervene to the falling tourism industry of the country amidst the pandemic? Is this the only option left to help those who are at the worst end of this tourism crisis? Can the government not think of other not-so-risky ways to temporarily give livelihood to the victims of the falling industry? After all, this is not going to last forever.

I'm just hoping this is not another case of policy-makers up there making ungrounded decisions. This has always been a tendency with so many leaders; making plans, crafting and implementing policies, for the sake of the economy or whatnot without putting into consideration the real sentiments of the people.

The government better ask first the stakeholders themselves if they are agreeable to this risky reopening of tourist attractions to Americans. And if they do, they should put mechanisms that would protect their citizens from possible carriers of virus from foreign countries. Health and economy, after all, are of equal priority.
5532  Economy / Gambling discussion / Re: Greatest Gambling Losers on: August 26, 2020, 02:45:43 AM
It is always all right to lose in gambling. To a certain extent, that's what gambling is all about. More often than not, gambling is all about enjoying the game and losing. Sure, there are also winners but those are basically the exceptions rather than the rule.

It would, however, be a different story altogether if you are losing much more than your money can afford. Gamblers with piling debts due to their uncontrolled playing, like what Terry Watanabe has gone through, will certainly have their whole lives ruined.
5533  Bitcoin / Bitcoin Discussion / Re: Crypto is the future of crowdfunding? on: August 26, 2020, 02:13:07 AM
Crypto has already been used in countless crowdfunding.

No one can forget those months when so many ICOs were able to gather billions and billions in USD using crypto in their crowdfunding events. ICO is crowdfunding. Their private sale and main sale of tokens and coins are basically gathering money from people all over the world to fund their projects through cryptocurrencies. 
5534  Other / Beginners & Help / Re: Why don't more people invest in btc? on: August 25, 2020, 03:14:27 AM
They are not doing that basically because they don't share with your view that Bitcoin "has such a large potential in the future." So you have to convince them with that before they will finally take a look at Bitcoin as an investment option. But before anything else, they need to understand Bitcoin first. And even in this first step many will probably already say, "No, thanks."
5535  Other / Off-topic / Re: Is it possible that the 1% group want to kill us intentionally with covid ? on: August 25, 2020, 02:27:42 AM
This is possible, of course. There is around 0.000000000001% possibility that this is indeed the reason behind this pandemic.

If it is, then that 1% must have tiny brains and have already failed. Well, it is infectious but not as deadly as they must have wanted. It only kills old ailing people most of the time. And there is no point killing all these lonely senile grandmas and grandpas so that "technology/robots/ai will replace human labor."
5536  Bitcoin / Bitcoin Discussion / Re: Bitcoin and rejected on: August 25, 2020, 02:06:37 AM
If this topic implies that Bitcoin has a very vital role to play in any country's economic well-being, then it is most likely wrong.

So these are actually huge conclusions:

First: Governments that have agreed to allow citizens to use Bitcoin:
...as they saw that Bitcoin may be a major economic supporter of their local currency by increasing the injection of strong foreign currencies such as the dollar, the euro and others...

Quote
Third: Governments that completely reject Bitcoin: ((which is the most important part))
...these governments see that the process of buying bitcoin will lead to the emptying of bank accounts in the country of the local currency...

I don't even think that Syria is indeed looking at Bitcoin as "a way to improve the local economy." And if they do, I guess there is no figure that would support any official finding that economic progress has been made after adopting such a view.

As for Zimbabwe, at least 70% of the population is poor. This fact alone is more than enough to argue that Bitcoin may not be for them yet.
5537  Economy / Trading Discussion / Re: Investment advice backed by real experience on: August 24, 2020, 05:00:44 AM
Lessons learned from successful investors:
First: If you do not have even a small amount of anxiety over your investments, this means that you are not risking enough. You have to have enough money invested in order for you to have real interest. You will make the right decision when you participate in your investments with all your feelings, and then you will be able to monitor this investment and give it greater care.

I am not so sure about this lesson.

Personally, I'd say study with great care what you are about to invest into, and when you finally make the investment, start small. Do not start with an amount that, if lost, you will lose several nights' sleep over it.

I'd say further that interest comes way before you even start pulling out money from your pocket.
5538  Economy / Gambling discussion / Re: Evander Holyfield trilogy fight with Mike Tyson. on: August 24, 2020, 03:19:47 AM
I noticed some good old boxers are now not only contemplating but are already seemed to commit on returning to the ring. First there was Mike Tyson and Roy Jones Jr. and then there was the Golden Boy, Oscar De La Hoya, and now even Evander Holyfield. What's wrong with you legends?

Is this some kind of a COVID-19 effect to their lives? Are they that bored already that they want to put on the gloves they once hung up for good once more?

I don't think this is the kind of trilogy boxing fans want to watch. These are really old people, almost senior citizens.
5539  Economy / Economics / Re: Some are hungry, some are losing their homes - some are doubling their wealth on: August 24, 2020, 02:31:53 AM
This is not all about freedom. This is all about a terrible systemic flaw which always puts the poor at the most disadvantageous position.

I agree. After all that is happening the terrible systemic flaws of the society is always putting the poor people on the most disadvantageous position while rich people are being continuously greedy enjoying their wealth and some are not having any concern on helping their fellow men for they only think of their own sake.

Truth be told, sometimes our inimical behavior toward the rich few is a little bit misplaced. In this system where the rich becomes richer and the poor poorer, both the rich and the poor may be considered victims of circumstance.

How are we to define greedy? If by greedy we mean that the rich's wealth is increasing in the direst of times, that can't be helped. If by greedy we mean that the rich are eating to their stomach's fullness while the rest are going hungry, billions and billions are actually being shelled out from their pockets for charities.

The issue is much much deeper than how it seems.
5540  Other / Beginners & Help / Re: MultiCoinAds: To be trusted or not? on: August 23, 2020, 03:32:04 AM
I'm not sure if this is an honest question or just a ploy to try to increase the traffic of a new site which hasn't yet proven itself worthy. I mean, a site offering ads spaces should have one thing: popularity or high volume of traffic. MultiCoinAds doesn't have it. Well, what do you expect from a days-old site?

Why ask, in the first place? If you are planning to put up ads there, the price is dirt cheap. The most expensive is as cheap as 30 Sats per 60 seconds. If you are planning to earn by way of ads clicking or faucet, the minimum withdrawal is also very low, with BTC at 0.00025BTC.[1] So, there's really not much to risk from your end and nothing very interesting in this site.

[1] https://www.multicoinads.com/page/faq
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