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5641  Bitcoin / Bitcoin Discussion / Re: U.S. Losing Grip on The Blockchain Industry on: February 08, 2020, 06:28:05 PM
Pffft.  As if they've been at the forefront of technology all this time.  Even back in the '90s, all the best games consoles, cameras, stereos and pretty much all the other electronic gadgets in our homes were Asian.  The US is only at the forefront of empty boasting.  I'd take a Samsung or Huawei phone over an iphone any day of the week.  And I'd be willing to bet that most american phones are are either made in Asia, or primarily built from Asian parts.  It's no surprise at all that the the US aren't a leading force in blockchain technology.

In short, this blog is a load of guff.
Well, I would not buy Huawei because of the scandals, but I do like my Xiaomi, so I agree with the point. Japan has been the leader of technologies for a long time. China is like a cheaper mass production version of what Japan does, as for me. But yeah, in the end, what I usually use is also Chinese. And the US is the country that makes the right investments into foreign businesses and establishes relationships that are profitable to it. Where the US might be the leader in technologies is perhaps weapons and space tech. In any case, it's unfortunate that the US does not see the Blockchain Industry as a potentially good investment. The government and traditional economists don't see it this way, at least. Some serious influential people actually do.
5642  Bitcoin / Bitcoin Discussion / Re: Bitcoin Breaking 500 Million Transaction on: February 08, 2020, 06:20:17 PM
The data site named Satoshi - probably named after the creator of Bitcoin states that 500.0165 million transactions are recorded on the Bitcoin Blockchain. In comparison to 2017, the transaction count is 250 million, indicating that the rate of transaction is increasing per year and expected to be 1000 million in under two years.


Another 500 million in under two years? That would require 4.75k transactions per block, and the current record is 2700, which is close to the limit. So, there's no way we would reach 1 billion transactions in that time, there's simply no capacity, and there would definitely be no blocksize increases anytime soon. You can't just extrapolate the chart without thinking if its possible to maintain that rate further.
It's really sad if Bitcoin is that close to its limit of capacity... It means that viable solutions must be proposed ASAP. I don't know, maybe more people will get used to the Lightning Network as a way of dealing with the issue, but there are legitimate reasons why some don't like it and don't recognize it.
Now, about that transaction number. 500 million sounds like a lot, but this should be put into perspective to be able to assess what it really means. Talking about transactions, let's take a look at Visa. It seems that it processed 31.7 billion transactions in the third quarter of 2019 alone (I found this data on a website that does not load anymore but could not find any other data), and if that's truly the case, it means that Bitcoin is soooo far behind that it's even hard to consider it an achievement. Undecided
5643  Bitcoin / Bitcoin Discussion / Re: Craig Steven Wright - Satoshi or MtGox Hacker ? on: February 08, 2020, 06:11:22 PM

Snip

Haven't seen anyone mention this before, nice find. To answer your question, Craig is neither. He is a pathological who keeps digging a deeper hole for himself.
I don't understand how Craig did not end up in prison if he himself claimed to own the address to which the money from the hacked MtGox was transferred... I don't think he's a hacker, though. And yeah, I don't think he is Satoshi, even though there are some people who are absolutely sure of that. At the same time, he's not a complete fraud, because he does know a thing or two about cryptography. After all, he does manage to pretend to be Satoshi most of the time, he has a relevant degree and IT work experience.. So he is an educated guy, morally questionable and definitely not Satoshi.
5644  Economy / Gambling discussion / Re: My evolution to playing on Bitcoin casinos on: February 07, 2020, 07:23:31 PM
Wow, This is an amazing Forum.  You guys really are helpful and supportive.  Thanks for the advice and confirmations.

I thought I would share my experience on the casinos I already have experience with.  Using the criteria important to me I have rated them to get a fair value of the total user experience.
Hope this helps, currently I am only playing on Latinbet24 and you can claim a  deposit bonus of up to 5 BTC. I will ask their customer service if they offer a refer a friend bonus to share.

Crypto_Capitalist

In case you are interested in betting on sports, try Sportsbet.io as well. They also have poker tournaments that a friend of mine finds very nicely done, and he really loves poker.
As for getting to know reputable casinos, you might be interested in this list, based on the forum trust of the members affiliated with different casinos.
I wonder why you chose Latinbet24, I've never even heard of this one... Have you tried Stake.com, Fortunejack, Bustabit? They're all very popular and highly reputable, so you might be interested to take a look at those. Just remember to consider the reputation and read the Terms of Use, and you should be fine. Good luck!
5645  Bitcoin / Bitcoin Discussion / Re: Bitcoin Usage Among Merchants Is Up on: February 07, 2020, 07:11:38 PM
Bitcoin usage on the merchant is increasing every year. Although it's nothing compared to the use of credit cards. Bitcoin has a $4 billion purchasing power while credit card has $3.7 trillion, but not bad for Bitcoin since Bitcoin is still growing.
Quote
“People are not ready to pay with crypto. They prefer to keep it rather than spend it,” Daumas said.

Although just like what he said, most of us would rather choose to keep our coins than to spend it, and I'm somehow guilty about it. Most of us see the value of bitcoin as an investment that we need to store than a currency we can use for day to day transactions. One issue I see is that there's still no enough merchants that accept Bitcoin unless it's a luxury brand.

Every day, crypto adoption is increasing so I really think that there should be something that will help merchants to learn crypto payments.
While it's good that the adoption is increasing, the difference is too serious. It probably means that if the usage increase rates don't change, it won't ever be able to catch up and turn into something meaningful. And the example of this guy's shop is very specific. People use Bitcoin there because they don't want the purchases to be noticed (so they use it to hide something, basically). I think people should use Bitcoin not only when they'd prefer to hide what they are doing, but just to pay for any stuff. And we are very far from that yet. I want to use BTC for causal stuff, but I find myself not being able to do that because the things I usually buy cannot be bought with Bitcoin.
5646  Bitcoin / Bitcoin Discussion / Re: Jack Dorsey-Backed Lightning Labs Raises $10 Million on: February 07, 2020, 06:51:18 PM
Lightning Labs has received about $ 10 million to expand its payment network that allows companies and individuals to spend bitcoins in everyday life that require low fees and very low confirmation times.
In addition to the capital increase, they launched a service called Lightning Loop  Cool sorry for that.

In general, the article attempts to link Bitcoin, LN, with the concept of visa and traditional financial system.

Building on a seed round from Square founder Jack Dorsey, Robinhood co-founder Vlad Tenev, and Litecoin creator Charlie Lee, among others, Craft Ventures led the round, with a who’s who of traditional investors participating, including Howard Morgan, former global co-head of securities at Goldman Sachs, John Pfeffer, formally of KKR, and Forbes 30 Under 30 alum Jill Carlson of Slow Ventures, and formerly a trader at Goldman Sachs.
I know some people are against the Lightning Network, but I think that it's not that bad. Sure, there are some centralization issues, and yes, it's not really Bitcoin (it's off-chain transactions). Apart from that, it's not user-friendly, and I heard that maintaining a channel might even be costly. But the way I see it, this is Bitcoin's best chance of processing micro-transactions and thus staying relevant for everyday life usage. So considering this, I believe it's good that this money has been raised, and they'll be able to work on improving the whole thing.
5647  Bitcoin / Bitcoin Discussion / Re: Satoshi's IP address found on: February 07, 2020, 05:30:37 PM
Well, this one resolved fast with the revelation that this IP means that Satoshi was using TOR. I've also heard before about the leaked real IP, but it truly is not a way to determine who Satoshi is. A friend of mine likes IvanOnTech on Youtube, and he said that Ivan believes that if Google wanted to find out who's Satoshi, it could, but it would, of course, be a massive privacy violation. The argumentation was that they can find out the info about IP-addresses, logs and stuff like that in the volumes which at least would be enough to compare this person with someone else who is a potential Satoshi and say whether it's the case. What do you think of that?
5648  Alternate cryptocurrencies / Altcoin Discussion / Re: Justin Sun had a dinner with Warren Buffet! on: February 06, 2020, 08:20:06 PM
I'm sure it was just dinner. It's unlikely that Warren allowed Justin to talk about crypto.
I've heard about the intentions of organizing this meeting, and if I remember correctly the purpose of it for Justin was to convince Warren that Bitcoin is alright and deserves attention. So no wonder that they actually discussed cryptos over dinner. It was more like a business dinner, and Justin probably paid for it, right?
I don't think that it will affect the TRX price, though. After all, it's not like they agreed to a mutually beneficial partnership or anything, they just talked and apparently Warren did not change his mind at all.
5649  Economy / Speculation / Re: Tom Lee: bitcoin could soar nearly 200% in the next six months(new) on: February 06, 2020, 07:53:53 PM

Tom Lee: bitcoin could soar nearly 200% in the next six months
Fundstrat co-founder Tom Lee is betting that bitcoin could continue its January rally and thinks it could soar nearly 200% in the next six months.In an interview, Lee noted that BTC broke through its 200-day moving average.Historically, BTC has rewarded investors handsomely every time this has happened.Lee also reiterated that he expects bitcoin to generate higher returns in 2020 due to events such as geopolitics.(U.T oday)

The information from coin&coin Smiley

Sounds like another random prediction made by a random guy. I don't think that any predictions there are there really matter. When a person makes one good prediction, this person becomes a guru, basically. And even when a guy makes terrible predictions, people still discuss them. There's no way of predicting where the price will go. None of them are scientific. We can say that it's more likely that Bitcoin will be $10k tomorrow than $100k, but not a lot more than that, and definitely nothing legit long-term.
5650  Bitcoin / Bitcoin Discussion / Re: Police Forces in Belgium, France and Israel Stop Scam Promising 35% Returns on: February 05, 2020, 05:38:40 PM
When someone guarantees you high return of investment you pretty much know instantly it's a scam, that's why they use crypto since it's new and been in the news they can try and confuse people, it's just scummy shit. I hate thieves.
More and more multiplier schemes were promoted in the name of bitcoin. This is not the first time, there were several such incidents that have taken place across the globe in different countries. Scams were common, but people take credit of using cryptocurrency as a source to scam the new comers in a much easier way. High return out of any investment needs to be analysed.
I think it's just because many people don't know what cryptos are and because some facts about returns on investing in cryptos are amazing and unlike anything people have seen before. So the mix of the lack of familiarity of what cryptos are and some facts about high profits of people who, say, bought at $1k and sold at $20k make the stories appealing and even somewhat realistic. This allows the scammers to succeed very often. Oh, and another thing is that if you scam people in a traditional way and get caught, you'll definitely be found guilty and probably end up in prison, whereas since cryptos are not regulated in many countries, sometimes even when scammers are known, nobody charges them for their crimes. It's good that some countries are working hard to change the situation.
5651  Bitcoin / Bitcoin Discussion / Re: Shanghai Stock Market down 8% - Bitcoin’s On-chain Transaction Volume up by 45% on: February 05, 2020, 05:29:33 PM

Absolutely nothing unexpected. Stock markets, especially in China and Asia, will react very strongly to coronavirus, and European and American too.

Bitcoin now looks like a safe haven, for pumping money from exchanges, and waiting for all the events with the coronavirus.
Everything reacts to coronavirus. I did my TOEFL recently and saw an article that the tests are canceled in China. I have sort of a job in film industry, and today I read that China closing 70k cinemas due to the virus will cost the global economy about $1 billion! Fortunately, Bitcoin does not get affected, because it certainly cannot spread the disease and using it does not require attending any public places where someone might be infected.
As for transaction volume, though, I don't believe the data because everyone knows about volume getting faked and because I cannot find any well-established media writing about it.
5652  Bitcoin / Bitcoin Discussion / Re: US marshals seizure of 4000 btc being auctioned, will start dump/run this month? on: February 05, 2020, 05:17:42 PM
there has been hundreds of this type of auctions where the seized coins, that are usually a lot higher than this, are being auctioned and so far i have never seen any of them cause any kind of additional fluctuation in bitcoin market more than it normally has already. and i don't see this small auction be any different than any of the previous ones.
Yes, I've heard about the auctions in 2019, so I suppose they are pretty common. What I did not know is that the amounts for sale have been higher than right now... I am actually surprised I've never encountered anything about it. The auctions I remember were on way smaller amounts of BTC (at least one auction that comes to my mind now). I do agree that these things usually don't have any effect on the market, so this might pass by without changing anything once again.
The op seems to suggest that the auction might have triggered the pump, but again I don't remember it being the case or being actively discussed when the pump occurred.
5653  Bitcoin / Bitcoin Discussion / Re: Bitcoins Regularization in Different Countries on: February 05, 2020, 04:42:22 PM
Dear Community in 2020 How many chances of Bitcoins Regularization in Different Countries.
Bitcoin Has now more than 10 Years old. But in most of the countries it is still illegal.Due to Government Behaviour most
Exchanges and Projects are not allowing people to participate in the said Projects.Even Running Exchanges are Banning The people and not Returning Funds.We should start the campaign in favour Of Bitcoin.
Your statement about Bitcoin being illegal in most countries is incorrect. If you look at most maps and lists with Bitcoin adoption, you'll see that they signify that Bitcoin is legal in most countries. However, it's also an overstatement (like the table on Wikipedia on the legal status of Bitcoin is). You see, they mainly say 'legal' where Bitcoin is not regulated. This is the case with my country, so that's why it caught my attention. In many countries, no regulations forbid or allow Bitcoin. De facto it means that people can easily use cryptocurrencies. But technically it means that Bitcoin is neither legal nor illegal (although many countries are looking at the possibilities of regulating the market), and I believe that after 10 years it's still the most common situation.
5654  Economy / Speculation / Re: Top analyst warns a hard dump. on: February 05, 2020, 04:28:34 PM
One of a top analyst says BTC could face a hard dump in couple of weeks, after rallying till 9.5k this year he predicts BTC may fall again. Are the whales making a twist again?

Well I think there is no positive sign of a pump showing on the chart, guys have a look on it seems like BTC is giving opportunity to invest Grin

https://www.newsbtc.com/2020/02/05/top-analyst-predicted-bitcoin-rally-9500-warns-hard-dump/amp/
Well, it's the first time I hear about this "top analyst". If he made one good prediction before, it does not mean he'll be right again. I think websites like Newsbtc should stop publishing such FUD because while a trader's words don't mean anything, this prophecy can easily become self-fulfilling if people start panicking after reading such speculations. In any case, Bitcoin dropping to $8k or something would not be that bad IMO. I mean, we've seen it there for a while, we can get past it again. Nevertheless, I choose to hope that this does not happen because it would mean Bitcoin has to wait even longer till recovery.
5655  Economy / Gambling discussion / Gambling: process vs outcome on: February 02, 2020, 04:31:14 PM
I've seen a guy asking for advice about lotteries and it got me thinking. I don't understand why people even like lotteries. You don't do much, most likely lose and have to wait for the outcome for a long time. Perhaps, people are interested in the possibility of winning, but that would mean they are not really into gambling as the process. So what is it for you, do you play only for the sake of winning or do you care about the process of playing/researching/anticipating the outcome? I think that the process is that is attractive in gambling, and while the outcome surely matters, I would not like to wait for a long while to learn it.
5656  Economy / Gambling discussion / Re: NitrogenSports forcing me to rollover my deposit once? on: February 02, 2020, 04:20:41 PM
I made a 0.4BTC deposit to NitrogenSports today, because I withdrew some funds from Deribit and had my Nitrogensports deposit address saved from a previous withdrawal. I didn't realise that adding a new address would result in a 3 day cooldown period before I could actually use it to withdraw, so I went ahead and withdrew to Nitrogen.

As a 'gesture' to pay for the tx fees associated with this transaction, I opened a 0.0001 BTC blackjack bet and surrendered. (somewhat irrelevant).

I received this message from support, alongside a message that my account was suspended after I requested withdrawal:

EDIT: My userid is 1912815
NitrogenSports has been accused of shady behavior before. While this cannot technically be called 'scam', and I am glad that eventually, you got your money back, it is misleading of them to behave this way. Withdrawing into a sportsbook does not sound like a good idea, and perhaps you should try a more reputable sportsbook (like Sportsbet.io) next time. Like what you've found in the rules, I've only encountered such rollover requirements regarding deposit bonuses, free spin money and stuff like that. Their weird rule is just something to keep in mind, I guess.
5657  Bitcoin / Bitcoin Discussion / Re: 100 Days Left before Bitcoin to be more Scarce on: February 02, 2020, 04:08:45 PM
There are two sides of the halving. While many are hyping up around the anticipation that it would peak once more, miners on the other hand are planning on quitting being a miner because their profit is effectively reduced by 50%.

The price increases because of FOMO, and investors don't want to get left behind because they all expect the halving would increase the price. Thus, we see a bullish run every halving, a combination of hype and demand-supply idea.
After the previous halving everything was not that positive either. People keep saying that it pushed the price up, but let's look at some facts. July 9th, 2016 was the day when the halving occurred. The price was $577. On June 17th it was $750, but it went to $591 five days after that. It was not until the end of November that the price climbed back to $750. Let's not forget that this wasn't anywhere near BTC ATH of $1121 from 2013. The new ATH was not reached before February of 2017 which is 7 months after the halving event. What I am saying is that it might take months if not more after till Bitcoin reaches the new ATH, and there's nothing keeping it from not reaching it in a long while. So maybe we should not keep our hopes up.
5658  Bitcoin / Bitcoin Discussion / Re: Twitter adds Bitcoin emoji when hashtaging #Bitcoin on: February 02, 2020, 03:55:44 PM
Twitter has added the emoji as soon as you write #Bitcoin BTC hashtag.
To use it, just type the hashtag of Bitcoin(#Bitcoin) and the emoji will pops up.

Edit: I think it will also work on hashtag #BTC BTC #btc BTC #bitcoin BTC.

I am not a Twitter person, but this is great news! It shows that Bitcoin is becoming a solid part of contemporary culture. Bitcoin emoji might not seem like much, but it increases its noticeability, right? I like it that Jack Dorsey is being so supportive. He tweets positive stuff, he funds the Lightning Network development, his Cash App accepts Bitcoin (at least, this is something I read about a week ago), and now this emoji is just a nice addition to the overall systematically pro-Bitcoin position of an influential person.

I also loved the joke about BCH and BSV, by the way Cheesy
5659  Bitcoin / Bitcoin Discussion / Re: Change mainstream media's perception on "Bitcoin being used by thieves" on: February 02, 2020, 03:39:26 PM
I keep seeing the news that "Bitcoin is used for drugs", "Bitcoin is primarily used by thieves" pretty much every other day. The well informed people know that it isnt true but the mainstream media's perception stays the same. How do we change it and can we?
I don't watch the TV, so I don't hear any of that. People are very different, and unless we are influential people that can appear on the media with opposite claims, I don't think we can change much. At the same time, we can try to change the opinions of the people around us. I am a part-time teacher, and I've mentioned Bitcoin to students during the lessons as well as tried to tell them a bit about it. I am teaching literature, but when we had a lesson on cryptography because of reading E. Poe's "The Gold-Bug", I told students about cryptocurrencies. These kinds of small mentions might bring big changes eventually.
5660  Economy / Gambling discussion / Re: Oscar Awards 2020 betting on: February 02, 2020, 03:30:21 PM
I have only seen Joker from the list of the movies here and I think it has good chances to win the Oscar this year.I will probably see 1917 movie now that I have read here it is a great movie and maybe is even better than Joker.
These kind of bets rarely are manipulated by the bookies so it is a good opportunity to bet for those who watch every movie that comes out.
Yes! my vote is in Joker as well! The actor is good as well as how does the story flows and how it catches the attention of the viewers, here in us , it becomes one of the trending movie when it is showing in the cinemas, I would love to watch Parasite as well, it is an Asian movie that has been received many awards in US, many people are recommending it, I think they aren't over rated so I would watch it next week,since there is a special screening here in my country, due to public demand.
I've seen different movies from the nominations, and it's unbelievable for me that the most likely winner is 1917 (I am talking about the Best Movie award right now). I mean, it's a beautiful movie, but it does not have anything too deep in it. Moreover, it's not very relevant today. Joker, on the other hand, is a breakthrough in villain portrayal, it's about a topic that is very relevant nowadays, and it is a kind of movie that has made huge impact on culture already. The odds for betting on Joker are amazing. Today I made my first bet, I put some money on Joker on Sportsbet.io. Let's see how it goes!
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