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5781  Other / Beginners & Help / Re: Bitcoin, ethereum and litecoin are used as currency for trading by Yahoo Finan on: September 04, 2018, 08:52:54 AM
Yahoo Finance added crypto screening service. That means they have just added price tickers for some chosen cryptos to their Finance related website. The link is below,

https://finance.yahoo.com/cryptocurrencies

Since I am from India, the website is automatically redirecting me to the Indian version of the page and showing the crypto prices in Indian Rupee. However, they haven't yet started an trading services for cryptos. They have announced that they will launch it in 2019 and most probably only for Japan due to the proper legal framework in Japan for cryptos.

Yahoo is still one of the most popular websites in the internet. So you can expect at least some impact and few more billions dollars investment into crypto space with Yahoo. But only if it is launched worldwide and not only in Japan.
5782  Bitcoin / Bitcoin Discussion / Re: India is Exploring a Central Bank Digital Currency for Payments on: September 04, 2018, 08:21:03 AM
Hi guys
I would like to share this news with you
I do not know exactly what the impact of this news is.
What does it mean to you?


https://www.ccn.com/india-is-exploring-a-central-bank-digital-currency-for-payments/

This news means absolutely nothing to me! If RBI launches a digital currency, it will be just another form of Indian Rupee. Just the structure will be different. Instead of having physical fiat currency, it will be digital. It will be very similar to the way we currently use Paytm. Strict centralization will make it even more easier to track because every transaction will go through a centralized network architecture. Don't get excited unless you want your transactions to be monitored by RBI directly!
5783  Bitcoin / Bitcoin Discussion / Re: [Discussion] What's best for the future of Bitcoin? on: September 04, 2018, 08:16:40 AM
What's the best thing for the future of Bitcoin the price going higher and higher (over ATH) or the price becoming stable?

Note my question doesn't say what's better for investors or what's better for you specifically. The question is what's better for Bitcoin overall. The price spikes are great but those are short-term gains and they only attract those that want to get rich quickly, on the other side if the price of Bitcoin were to become more stable then you'd see a lot more places accept Bitcoin as a currency and the overall growth and usage of Bitcoin would increase worldwide.

What are your thoughts?

I think the below mentioned factors can make bitcoin a really great currency for the common mass,

1. Stability in price
2. Clearer legal framework
3. Being used as a currency and not as an investment

Legal framework is a challenge in many countries for the cryptos. The absence of clearer legal framework is actually demotivating the merchants to accept bitcoin or other cryptos as a payment option. Due to which we see very less options for us to use bitcoins in any store to support our daily expenses. Until and unless we can use bitcoin in local stores, the growth we all are dreaming about, is hard to happen! 
5784  Bitcoin / Bitcoin Discussion / Re: Hodlers are unscrupulous parasites. Here's why on: September 03, 2018, 06:15:06 PM
what the OP is talking about is not HODLers.. but fiat investors.

HODLers hold and want to keep bitcoin.. HODLers can even spend bitcoin. but they then get more bitcoin because they want to stay with bitcoin as their main currency.. what they have as their assets is majority bitcoin and not much fiat. and they dont wish to hold fiat..

but those only looking for a great time to exit bitcoin and be fiat rich are not HODLers

i think insulting HODLers is wrong. call what your describing by its real term and insult them.. FIAT LOVERS

Correct mate! You may call them "fiat lovers" or "short term profit seeker". They are not HODLers at all because HODLers are those who believe in the potential of a particular currency and the underlying technology. Profit definitely plays a role but that is not the primary reason a HODLer will stack bitcoin or any other altcoins. HODLers are the biggest supporters and strong believers, certainly not parasites within the system, instead they are one of the strong pillars of support to the entire network!
5785  Economy / Gambling discussion / Re: Gambling related law in India on: September 03, 2018, 05:42:44 PM
As per a recent article online:

https://medium.com/@cryptokanoon/law-commission-of-india-treats-crypto-currency-at-par-with-other-recognized-electronic-means-of-4ec662183b7e

Trend of online gambling with crypto in India is on continuous rise. What is your opinion about this ?


As i know any kind of gambling are prohibited to all Indian people it's against in their religion
In my opinion crypto gambling are difficult to banned if people they want to play gamlbling
meaning nobody  can stop people freedom to choose their happiness

Gambling of any form is banned in India but that is not because of the religions. There are indeed few religions where gambling is totally banned and considered as a sin, but that's not all. There are other socio-political issues which made the gambling prohibited in India. But yes, crypto gambling or online gambling can't be banned in India because of its nature. Even offline gambling on various sports is very much popular in India and people spend billions on gambling here. But due to the legal prohibition, government is not getting any benefit out of it! That is the reason why Law commission of India proposed to legalized gambling! At least government will earn something out of it!
5786  Economy / Economics / Re: The role of Crypto in eliminating fossil fuels dependence on: September 03, 2018, 09:01:02 AM
I don't mean wind turbines, they are too costly to play a major factor.
I also don't mean chemical solar panels, for the same reason: amortization costs.

The reason for high costs is due to the less production and demand. Also to a certain point, government policies. One can't install a wind turbine or solar panel anywhere they want. It needs special permits and land to install them. But once the production of such technologies increase, the cost will come down automatically! As of now, these two are the best resources for the alternative energy!

Quote
It seems that today's Central Banking is pinned on the idea of centralized control of resources.
Once there is decentralized energy source anywhere, this place can begin to print it's own money backed
by this additional energy, unaccounted so far.
And the only way to finance such developments seems to me is through altcoins.
Please share your thoughts.

Again government will interfere with that. Lets assume, today you have few hectors of land and suddenly you discover petroleum from that land. Government will come and buy that land from you to extract that resource. In majority of the countries, individuals can't own such a piece of land where natural resources are found. They will have to sell it off to the respective government as per the market price! So how do you think decentralized resource centers will exist??
5787  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Tether vs Bitcoin price on: September 03, 2018, 07:35:40 AM
There is no apparent pattern I can see. There are few incidents which may be purely coincidental but bitcoin's price is nowhere related to USDT. But I can't deny the fact that USDT is one of the most active cryptos being used in the exchanges and majority of its usage is with bitcoin pair. Like Pooya87 has correctly pointed out, USDT is also being used for pump and dump game big time. But it is being used as a dollar value equivalent, so there must not be any impact on the price of bitcoin with the printing of USDT. If it happens, it is purely coincidental. Otherwise we would have seen such price increase in every single incident of USDT printing which is not the case!
5788  Bitcoin / Bitcoin Discussion / Re: Bitcoin conquers Nasdaq, 2019 on: September 01, 2018, 07:55:33 PM
That's generally a good news because the world's largest stock market is planning to list cryptos. The CEO of NASDAQ has shown her interest in this matter quite a long time ago. Back in April, 2018, she showed her interest on this matter and CNBC covered the news. Link is given below for your reference,

https://www.cnbc.com/2018/04/25/nasdaq-is-open-to-becoming-cryptocurrency-exchange-ceo-says.html

While all is going well with NASDAQ, I am actually worried about the SEC. These people are infamous for playing double faced game. They portray different kind of news at different times and different platforms. My concern is that if NASDAQ starts crypto trading, SEC will start interfering to that market and try to catch people for evading tax. The matter is far more complicated that we can think now but SEC is not at all friendly to cryptos even if NASDAQ CEO Adena Friedman thinks highly about cryptos. I see a serious level of conflict of interest here!
5789  Bitcoin / Bitcoin Discussion / Re: What new feature could potentially make bitcoin more valuable? on: September 01, 2018, 06:02:09 PM
I know that it's kinda 'big' question but it will be great to see what the community think about that.

what do you think can cause the price to go up?



Even though bitcoin is very well equipped, I think about one feature that will make bitcoin more valuable and more useful, and that is the "smart contract" feature similar to ETH. Today ETH is used widely just because of this feature. A lot of start up companies use ETH to make their own tokens based on that smart contract algorithm which makes ETH is one of the most used and appreciated cryptos of all time, second to bitcoin.

I think, if smart contract can be made available for bitcoin, it will not only increase the utility of bitcoin, but at the same time, make it more useful for the companies around the world who wants to make their own crypto footprint. More utility means more demand and for the same reason, the price can take few more steps towards moon. Just my 2 satoshis!
5790  Bitcoin / Bitcoin Discussion / Re: Joseph Lubin, doubt about the manipulation of Bitcoin prices on: August 30, 2018, 10:18:10 PM
I too doubt that theory! But we can't deny the fact that USDT is the only currency whose trading volume almost regularly crosses its market cap. Even for today, USTD trading volume is 97% of its market cap. It is one of the most used currency by the traders and whales. So a portion of this claim can be true as well even though we don't have a documented proof of the same.

Traders frequently use USDT for the facility of straight forward profit calculation and to avoid market price fluctuation risk. If you trade using Btc and Eth pair and after executing the trade if the value of one currency goes down, it drains your profit and the accounting becomes confusing. That is not the case with USDT.

Market manipulation indeed happened during late 2017 but until no one has a documented proof, it makes no sense to scream!
5791  Bitcoin / Bitcoin Discussion / Re: Yahoo Finance integrates Bitcoin, Ethereum and Litecoin on: August 30, 2018, 08:58:58 PM
Unfortunately, it's a bit of non-news.
They've just added some tickers, there is no way you can buy cryptos there.

I understand that they have just added price tickers in their website becuse I am not able to see any buying or selling options given.

However, I was just wondering how the picture in the article is showing "buy/sell" options just beside the ticker??

I think it is only showing up for the countries where trading cryptos is fully legal without any confusing legal status. Even the tweet that is mentioned in article, talking about buying and selling of bitcoin. Probably it is not showing to us because trading cryptos is not legal in our country!

I don't show up for me in the EU and it doesn't show for a friend in the US, so unless somebody confirms it is indeed there I would suspect it is a fake.

Furthermore, even the news implies that there is no such option:
Quote
but they do not currently have the option to buy or sell.

So...


Yes and that is self contradictory! While the picture shows the options for buying and selling the article shows otherwise.

Yahoo coming to crypto trading market will be a billion dollars news while adding just a ticker is not!
5792  Bitcoin / Bitcoin Discussion / Re: Yahoo Finance integrates Bitcoin, Ethereum and Litecoin on: August 30, 2018, 06:48:04 PM
Unfortunately, it's a bit of non-news.
They've just added some tickers, there is no way you can buy cryptos there.

I understand that they have just added price tickers in their website becuse I am not able to see any buying or selling options given.

However, I was just wondering how the picture in the article is showing "buy/sell" options just beside the ticker??

I think it is only showing up for the countries where trading cryptos is fully legal without any confusing legal status. Even the tweet that is mentioned in article, talking about buying and selling of bitcoin. Probably it is not showing to us because trading cryptos is not legal in our country!
5793  Bitcoin / Legal / Reserve Bank of India Anticipates Shift to P2P Crypto Trading on: August 30, 2018, 09:58:05 AM
The Reserve Bank of India, published a 268-page annual report for financial year 2017-18 on August 28, 2018. A whole section of that report is dedicated towards cryptocurrency where they have outlined the risks posed by crypto and emphasized on the need to monitor crypto development in anticipation that some trading may shift from exchanges to peer-to-peer (P2P) mode.

The report says,

Quote
Developments on this front need to be monitored as some trading may shift from exchanges to peer-to-peer mode, which may also involve increased usage of cash. Possibilities of migration of crypto exchange houses to dark pools/cash and to offshore locations…require close watch.

The absence of information on counterparties in such peer-to-peer anonymous/pseudonymous systems could subject users to unintentional breaches of anti-money laundering laws (AML) as well as laws for combating the financing of terrorism (CFT).

In a nutshell, the "religious" government of India, will try to block the p2p market as well, the way they have banned "Bank to business" transactions in crypto space. Hard days are coming for Indians it seems!

News source: https://news.bitcoin.com/reserve-bank-of-india-p2p-crypto-trading/
5794  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin will delete all the others monetary systems ? on: August 30, 2018, 09:14:39 AM
I recently read [/] "An Order-of-Magnitude Estimate of the Relative Sustainability of the Bitcoin Network" , from Hass McCook .

In this book , he made a detailed study about estimating the durability and cost of the Bitcoin network.
He compares Bitcoin against the gold industry, the banking system and the production of physical currency.
And , Bitcoin is by far the most energy efficient monetary system we have ever made !
Here are some numbers:

Banking system: 23340 million GJ (energy consumed) + 390 million T of CO²
Bitcoin mining: 3.6 million GJ (energy consumed) + 0.6 million T CO².

 Grin Grin Grin

I don't know yours opinions about that , but I'm really excited , I want that erveryone know that !  Grin Grin


I know guys that it's really hard to delete these systems , and maybe not possible , I just think Bitcoin is the best system , and I just want to share my opinion , to touch a lot of people , and sensibilize them , it's important.
Nowadays , a lot of people are still thinking that Bitcoin is a scam , " a bubble" , they don't know the technology , they speak before learning , they don't understand and don't want to understand.
And I want to educate these people, it's my mission , and I sware iI will succeed : my goal is that people understand what is the potential of Bitcoin !


Bitcoin is certainly not going to delete anything, get that fact straight! Bitcoin or any other cryptos are not meant to replace any existing systems, they are here to co-exist and create a parallel system for common people like us! Government, being a strictly centralized entities will never approve any decentralized monetary system to be accepted as a mainstream one because it will shift the core of control in the hand of common mass.

Political parties will never let it happen, no matter how less energy we consume or how less Co2 we emit! Power mongers will be the main roadblock in the progress of crypto. They may allow it to mix it with mainstream economy like Japan and Germany did, but will never allow it to become the main monetary system. I don't see it happening even in the coming century.

5795  Economy / Gambling discussion / Re: Win-win bets strategy in roulette on: August 30, 2018, 12:00:09 AM
Hey, guys! Smiley I want to discuss with you strategies that you use in roulette and tell a little more about win-win bets strategy. It is not intended for bets on equal chances, but for bets on a dozen or a column. It is based on the same principle as all progressive strategies – in case of losing the bet must be increased, in case of winning – leave unchanged.

The sequence of bets for the system is as follows:

1 – 2 – 3 – 4 – 6 – 9 – 13 – 20 – 30 – 45 – 67 – 100

In other words, if you bet all the time on the first column, and falls, for example, the number of the second or third column, you must first increase the rate to 2, then – to 3, to 4 and so on, following the above sequence.

This system of win-win rates compared to the Martingale system has one undoubted advantage: the size of the rate increases gradually, and does not double every time, so you can use it even when your budget is limited.

This system has an alternative option for bets on two columns or a dozen at once – the so-called system of triple bets. In this case, you bet on two dozen or two columns at once, similarly increasing the bet in case of loss-but three times:

1 - 3 - 9 - 27 - 81 - 243

Following this strategy, you can "close" just half of all the sectors present on the roulette wheel, so that will win more than half of the bets. And the disadvantage of the system is that the bets are tripled every time you lose, and thus the player very quickly reaches the limit of bets set in the online casino.

Let's discuss! Wink

What you are talking mainly Martingale strategy. At least the part where you are asking to increase the best after each loosing bet and keep it unchanged after each winning bet.

I hope you will find some stupid who will believe that strategy works in Roulette game!! That is too Martingale! Good luck!!
5796  Bitcoin / Bitcoin Discussion / Re: Bitcoins termed risky by most of the investors should it get stable? Or not? on: August 29, 2018, 11:08:38 PM
I can't deny the fact that bitcoin is indeed riskier than majority of the investment opportunities present in the market. This is due to the unorganized nature of the market. Bitcoin market is organized in very few countries like Japan and Germany. But in majority of the countries, bitcoin trade is mainly controlled by the p2p exchanges. That is also a major reason for the fluctuation of its price.

The stability in price will certainly pave it way towards mainstream adoption but the speculators will also move away from the market. These speculators are the major driving force of the market and if they move out, the market will have a good amount of negative impact. So both have its pros and cons.

However, the increase in adoption rate is far more necessary than the speculators in the market. So stability is what I will personally prefer!
5797  Bitcoin / Legal / Re: Crackdown Continues: Chinese Authorities Issue Joint Warning on ‘Illegal’ Crypto on: August 29, 2018, 09:51:18 PM
China was never friendly to cryptos and they were the first country to ban ICOs. Still chinese people were trying new methods to continue with thus activity which could have resulted the recent warning! Chinese government is no less than north Korea but just the news don't fly out to the market.

Sadly if communism at this scale is banning people from achieving their financial independence by forcing them to stick with the government provided ration. That should be abolished for the betterment of the nation.
5798  Bitcoin / Bitcoin Discussion / Re: Looking to keep your BTC safe? Here's one option: hide your password with DNA on: August 29, 2018, 06:28:46 PM
Very interesting, but not the solution to our worries just yet. There are a couple of points of failure that immediately occur to me:

DNA can quite easily decay if not stored properly.

Who else knows the system of converting DNA base pairs back in to your private key - the article suggests it's just that one guy. Very risky.

The article doesn't talk about an actual DNA here. What they are planning is synthetic DNA which can form of a physical liquid sit at the bottom of a small tube. If actual DNA is used then a simple blood test can be proved disaster for those people. So no plans of using an actual DNA has been discussed.

But I don't think such kind of security is needed at least as of now. Also adding or removing bitcoins from the DNA secured wallet will be cumbersome.

Everytime someone would want to add or remove bitcoins to their storage, they will have to go for an entire lab sequencing system to decrypt the wallet and access it. Those 1000 people must be bitcoin billionaires!
5799  Economy / Gambling / Re: bitcoin gambling and earn on: August 29, 2018, 09:12:59 AM
1. Basic design
2. No FAQ page
3. No mention of provably fair rules
4. No mention of accepted currencies or withdrawal rules
5. No DDos protected hosting
6. Domain registered for one year.

Is it school project?

not ita not school project is a new domain one yeah i add FAQ page later its accept bitcoin

my site its not fake or steal users

Thanks a lot for replying! It's good to know that your website is not a school project even though it looks like one! Try to do a little competition mapping and you will immediately know where your website stands in terms of quality. Frankly, I won't even register an account in your website. If you are willing to gain users, you have to go a long way!
5800  Bitcoin / Bitcoin Discussion / Re: Iran's Draft To Backed Cryprocurrency on: August 29, 2018, 09:07:54 AM
Iran’s National Cyberspace Center reveals the draft of the state-backed cryptocurrency project is ready, local news outlet reports.

https://cryptopanic.com/news/2969689/Iran-State-Backed-Crypto-Draft-is-Ready-Central-Bank-to-Soon-Announce-Stance-on-Crypto

Iranians are good to go with Cryprocurrency big time.

Iran is a country where cryptocurrency trading is banned by their Central Bank so the news is not what you are expecting here. Cryptos are decentralized by nature without any central authority to control them. In this case, Iran will just be launching a centralized digital currency system, which I won't categorize as a "cryptocurrency". It is a centralized currency with a controlling authority and backed up by a physical asset. I don't see any characteristics of crypto currency here!

Someone already pointed out that it is an attempt to bypass the US sanction ban and that's true! Don't get excited about this news!
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