but i then came across some new coins like Swipe, which i'm confident that it does not generate that much in transaction fees, and yet the rewards are high?
Let me explain in simple terms. When it comes to rewards, POS is like POW but you just need to hold your coins in a wallet that can stake. In general, the rewards doesn't necessarily comes from transaction fees alone, rewards can also include new coins that is mined from staking and is added to the circulating supply. Though reward distribution method varies from different projects. |
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Hmmm. I don't know about that. I think the only thing that differentiate cryptocurrencies and traditional ways is time. traditional ways are proven to be one of the safest and known ways to launder money for those hackers but that doesn't mean cryptocurrency can't compete. It's only a matter of time before hackers starts migrating to using privacy cryptocurrencies to launder money once it gets more known and developed.
Not an anti-crypto btw lol. Just stating my opinion.
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My thoughts, you will need ETH 2.0 phase 1 & 2 for scaling with sharding. Currently phase 0 (PoS) is not even implemented. I bet phase 1 & 2 will get delayed a few times and will take a few years. Maybe with luck ETH 2.0 Phase 1 takes place in 2022. Link : https://consensys.net/knowledge-base/ethereum-2/faq/Which means it takes years before the network congestion and high utilization (95%) can be fixed. Off Chain outsourcing is not the answer, that just increase the risk that users and developers will leave Ethereum all together for another decentralized platform. DeFi project hypes will most likely end by the time Eth 2.0 is implemented just like how ICO ends because of too many scams being created. There's really nothing we can do right now but wait, leave ETH for now, or use centralized exchanges that acceps DeFi projects. But to be honest, this fees are getting too absurd. It's not only affecting DeFi but other ERC-20 tokens too. |
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Hardware wallets even the cheapest ones are a little bit more expensive however I agree with you, a person that installed in a computer with no Internet access one of the many different flavours of Linux which he downloaded and verified himself and that installed a wallet like electrum there and verified the wallet as well and then wrote down his seed words in a piece of paper could store a lot of money safely as long as he followed the same steps over and over again.
Hardware wallets are convenient but they are unnecessary for the ones that know how to take the right precautions, but in this particular case it would have helped this person as it is obvious he could not secure his coins properly.
I think the issue here is that the merchant is ignorant from securing his coins. If he doesn't know how to distinguish fake wallets to a real one, it's most likely that he isn't aware from the fact that there are hard wallets that will help him secure his coins. He's probably also afraid to use wallets that is unknown to him. Ignorance can really bite a person hard. |
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I hope that the BSV folks will not take it personally as Jack Dorsey is also a known bitcoin guy.
There's a legitimate reason if their twitter has been banned. Maybe they can appeal to twitter and reinstate their account, is that possible on twitter right?
Yeah. I bet OP is being bombarded with messages right now from those BSV folks. I doubt that they will be able to appeal this though since this is a clear violation of twitter rule under Impersonation policy. They will most likely make new twitter account or use other twitter accounts. |
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Nakakabahala na tong nangyayari patuloy kasing bumabagsak ang market, sbi ng iba pangkaraniwan lng daw pero para sken hindi n tama to. Ano sa palagay niyo, benta n b o hodl p rin?
Okay lang naman na mag worry ka pero dapat alam mo ang risk na pinupuntahan mo bago ka nag invest. Kung titignan mo ang mga nakaraang presyo, makikita mo paangat pa ang Bitcoin. Ngayon kasi ay sobrang bulusong na ang Bitcoin at most likely na nag take profit na ang mga ibang investors but that doesn't mean na may nangyaring sobrang sama. Normal lang ito sa market kasi nga ilang weeks ng pumping ang Bitcoin. Since Bitcoin is volatile, normal lang na maging frequent ang correction. Normal lang sa cryptocurrency ang mga gantong scenarios kaya kung ako sayo hindi ako mababahala at mag oobserve na lang ng market. |
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As of now, halos testing and researching palang ang ginagawa patungkol sa mga cryptocurrencies. Although nag aaccept tayo ng mga business na involve ang digical currency, hindi parin tayo handa sa ganitong sistema. I think ang mangyayari nyan is stablecoin in PHP ang kalalabasan na magpapadali ng transactions sa Pilipinas at international. Sa atin kaya , tangkilikin din kaya ng bangko sentral ang ganitong sistema lalo na't panahon ng pandemya? At kung sakaling mangyari man , siguradong may mga buwis na naman silang maipapataw.
Sa tingin ko ay ang buwis lang naman na ipapataw nila ay ang income tax na nakukuha mo kapag gumagamit ka ng digital currency. Wala naman ito masyadong apekto sa mga mamamayang transactions lang ang habol. Malabong tangkilikin ng gobyerno or ng Bangko sentral ang ganitong idea ng ""digital currency"". hindi ba't threat ito sa mga bangko dahil mas convenient and efficient ang paggamit nito, dagdag pa natin ang dumaraming scammers ngayon lalo na't pandemya.
Though baka nga ito ang maging issue since let's say na may sariling mga wallets na ang mga tao at wala na silang plano mag store ng mga pera nila sa banko, hihina ang kita nila since loans ang major way nila para kumita ng pera. Kung walang mag dedeposit ng pera sa kanila, wala sila ma loloan sa ibang tao, wala din silang kita. |
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Magandang balita yan para sa mga crypro users kaso yun lang hindi magiging agaran ang paglegalize sa paggamit ng bitcoin kasi napakamabusisi nyan at marami pang pagtatalo ang magaganap bago maipatupad.
Dapat din na kasabay nung paglegalize ay yung mabigyan ng kaalaman yung mga willingna non-cryptocurrency users para di sila agad malinlang ng ibang tao.
As far as I know, matagal ng legal ang Bitcoin dito sa Pilipinas. Sa katunayan nga ay tinatangkilik ng Pilipinas ang mga panibagong business na may involvement sa cryptocurrency as long as legal ito at registered ito sa ating bansa. Ang hindi lang talaga pwede ay ang mga illegal business na hindi registered. Ganun na nga ang nangyayari ngayun, sa kaso ko ang pinangbabayad ko ng mga bills ko ay yung ding earnings ko dito sa Crypto ganun din sa mga kaibigan ko pero wala pa talaga ako nakita o nakasubok na gumamit ng online shop dito sa atin o kahit sa mga bills payment na direktang Cryptocurrency ang gamit palaging may third party, sana dumating ang panahon na direkta na talaga ang bayaran,malamang mas makikilala ang Bitcoin dito sa atin pag ganun.
Maski ako ay gumagamit ng third-party wallets katulad ng coins.ph para mag transact ng Bitcoin kasi nga walang fee. Most likely na ang mangyayari dito is stablecoin ang gagamitin nating medium of exchange kung sakali mang mangyari ang crypto adoption kasi nga hindi feasible ang paggamit ng Bitcoin sa pang araw-araw na transaction natin. |
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You know what's a more healthier discussion? Is about the development of Bitcoin that would help it's user and future users. Stop comparing and discussing the price of Bitcoin in 2017 and the current price since 2017 was the year where Bitcoin was overhyped as an investment by a scammer and the year of airdrops and ICO where it's still a thing full of innovation and not scammers.
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Good price to pull some profit from Bitcoin in my opinion. Most traders and holders are probably thinking the same and most likely will watch the market a little bit and sell which will reduce price at $11,000 level again (Not unless Bitcoin can hold the $12,000 which then we will have a prosperous year even with the pandemic).
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If they are going to use Bitcoin in order to prevent their assets devalue because of a certain currency, then Bitcoin could be consider a hedge too I guess. From what I've seen so far, Bitcoin is being used to flee from a failing economy or currency anyway and so far, it is working. Although Bitcoin is a currency, if people starts using Bitcoin as hedge, then they will inevitably use and understand in time it which is good for Bitcoin in the long run.
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Yes it's DeFi. If you can't handle the fee right now, you better avoid ETH for now because I find Ethereum fees lately too absurd to trade anything even if investing in DeFi projects looks promising. Or you can wait for Eth 2.0 and hope that it will fix or lessen transaction fees.
There are ways to avoid this though by using centralized exchanges that handles DeFi or any other projects that is base on Eth since fees there are different when trading.
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Yup, sobrang nakaka-mislead talaga ang title ng video na iyan sa facebook kasi hindi na naman bago ang mga gantong bagay at panahon pa ng nanay ko ay may ganto na. Mga passive incomes na good to be true ay hindi lang cryptocurrency ang ginagamit kundi peso din. Isa pa, hindi naman talaga cryptocurrency ang may kasalanan kundi ang fake company na pinag-investan nila (partly din sa mga biktima kasi hindi sila nag research ng maayos).
But I think kaya sila nag lagay ng ganyang headline ay para ang maging topic nila is sa cryptocurrency mismo at hindi sa company na nang-scam kasi half of the video ay explanation tungkol sa cryptocurrency as an investment na kung saan may onting exposure at explanation mula kay Jonathan Tinoco.
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What are you views and thoughts about flamingo finance? There's not much info out there about it yet.
Atleast something trending launching on Neo, It always feels good when other tokenization and smart contracts platforms are used by new projects because mostly we see ethereum based projects, I hope flamingo finance will fo well and make the Neo community proud too. Not to mention that Ethereum based projects are affected because of the expensive fees. I've not heard about this project yet but if it's worth a shot, NEO might be have some gains because of this since they are the one who he advertising in their twitter. It also seems that they are trying to encourage new DeFi projects in NEO. |
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However, isn't it that LN is also one significant reason for miners to have a lower transaction fee revenue? As LN transactions are off-chain transactions the fees would instead go to LN nodes rather than to Bitcoin miners. What is left for the miners are only the fees paid upon the opening and closing of LN channels. Accordingly, "miner revenue from transaction fees with active use of LN is lower than today’s levels until a threshold of 20 million LN users, each transacting 10 times/day, is breached." [1][1] https://medium.com/@matteoleibowitz/bitcoin-disinflating-to-death-b4ba7b691969Then that means we just have to bypass that 20 million users even further. Even with small fees, it's still significant if fees pile up to the point that it's profitable to the miners. Let's also remember that Bitcoin won't be staying at it's current price anyway. Who knows, we might see Bitcoin at around $100,000 someday which will boost miner's profit even if it's just fees. |
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Ito ang number 1 stocks na binabantayan ko kasi ang alam is si Duterte na mismo ang sumusuporta dito. Kapag nag start operation na yan ay siguradong mababa na ang 100 pesos dyan. Sa tingin ko is swerte talaga ang makakapag invest sa DITO habang sobrang aga pa. Kung magiging competitve sila sa internet speed at services, baka makipagsabayan pa sila sa Globe o PLDC (though medyo blurry pa kasi sobrang tagal na ng Globe at PLDC dito sa Pilipinas). Matagal na ito pero isa pang good news sa tingin ko https://rappler.com/business/eric-alberto-dito-cme-new-president-august-2020 |
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Hanggat hindi nauubusan ng mga biktima yan, hindi din sila titigil sa mga ganyang scam. Ang magagawa nalang natin ay i-mass report nalang ang mga ganyang website at panalangin na onti lang ang ma-scam nila. I think naman na ang mga dating biktima ay hindi na sila mag-titiwala sa mga gantong bagay.
To be honest, sooner or later naman mawawala na iyan kasi sobrang luma na ang kanilang ginagawa. As far as I know, hindi din sumisikat itong website na ito. Pero it also means nahahanap sila ng bagong paraan para maka scam.
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Okay din to pang small time projects. Mas maganda sana kung magagawa mong mag lagay din ng mga presyo sa iba't-ibang exchange or Iba't-ibang currencies like USD o EURO, at least sa Bitcoin muna bago ang altcoins.
Sa mga hindi nakakaalam, may simple calculator din sa google, type mo lang "PHP (or any currency) to BTC price" at lalabas na agad although hindi siya ito masyadong accurate.
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Let's just wait until it happens. Or Why not you're the one who first initiates a move in your area? Like introducing to your friends, neighbors, and businesses. Then if bitcoin is already an option payment recognize by many people, it might be an option to some supermarkets to accept it as well.
Unlikely that this is going to happen because of the absurd fees that we are having right now. Today, I had to send Bitcoin with a 2 dollars worth of fee on a single transaction and it took a lot of time to finish. Now imagine supermarkets doing this and customers sending with this kind of fees for every transaction they make. We'd have to wait for lightning network or a Bitcoin development that would fix or at least lessen the fees to be feasible. |
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