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5781  Economy / Economics / Re: UnionBank Crypto ATM To Launch On March 08 on: March 07, 2019, 07:28:50 AM
Nice news, it seems the number of bitcoin ATM will grow faster, now there are 2658 locations of bitcoin ATM in USA and countries such as Canada, Austria and UK also has hundreds locations of bitcoin ATM. bitcoin adoption still growing more companies will accept bitcoin.

2658 bitcoin ATMs aren't that much for a big country like the USA.They have to be atleast 100,000. Grin
This post is kinda pointless.Should we celebrate,every time a new bitcoin ATM is installed somewhere around the world?
5782  Bitcoin / Bitcoin Discussion / Re: VISA vs Lightning Network on: March 07, 2019, 07:25:36 AM
Actually, i've been testing and accepting LN payments on my demo site for quite a while already...
I personally find eclair mobile pretty user friendly. Offcourse, there's still a learning curve that's far bigger if you compare it with visa. Afterall, everybody has seen their grandparents, parents,... using VISA since they were born, so the visa-learning curve started allmost at birth. This offcourse isn't the case with BTC/LN.

Basically, you have to incentivise your clients to:
  • 1) Install a decent desktop wallet on their pc
  • 2) fund their desktop wallet with a couple hundred bucks worth of BTC
  • 3) install a LN client on their mobile phone, create a new address, fund the address with "spending money"
  • 4) open a channel between the client and the store's node, fund it

After these 4 steps, a store can generate a lightning invoice (QR) and let the customer scan and pay straight away... Works flawlessly, but still, i don't see my mother performing these steps...
Also, the fact that you'd have to close the current channel if you wish to open a new one (when you have insufficient funds in your current channel for planned expenses) is a drawback.

You can actually skip step 1, and switch step 2 and 3 (create a LN wallet right away, create a deposit addy and fund it straight from the exchange), but i would discourage anybody to keep a lot of funds on a mobile wallet.

The biggest "drawbacks" would probably be to get somebody to visit an exchange or some other seller to exchange FIAT to BTC...

Getting a VISA card a lot easier.You just have to go to a bank,open a bank account and sign a contract. Grin
Then you have to deposit money to that bank account and wait for your debit card.
I agree that the biggest drawback in buying btc,so only the hardcore crypto fanatics would use LN for retail payments.99% of the women don't understand how crypto/blockchain/LN works.That's the major issue.
5783  Economy / Gambling / Re: INFOGRAPHIC: Online Sportsbook Review List on: March 06, 2019, 01:01:57 PM
This isn't an infographic.It's just an image of a bunch of logos,short descriptions and "read more" green buttons.It looks like a screenshot to me.I've only used Betcoin.ag 3 years ago and it was a decent poker platform.Never had any issues with them.The other platforms are new to me.
5784  Economy / Trading Discussion / Re: Do you compare before joining any Crypto broker? on: March 06, 2019, 12:57:56 PM
I've never heard about a legit crypto broker company.Most of them are usually HYIP scams that say "give us your bitcoins,we guarantee you XXX% return of your investment".If it's too good to be true,just run away and keep your bitcoins.
5785  Economy / Economics / Re: Volkswagen Bets $50 Billion on Electric Future but Tesla Isn’t Sweating on: March 06, 2019, 12:53:23 PM
Should we post only economy topic/news that are somehow related to the crypto world?
Anyway,I've never really been a fan of Tesla's business model,despite the fact that Elon Musk likes bitcoin.
Volkswagen can beat Tesla very easy,but the main problem with the electric cars are the batteries.
5786  Bitcoin / Bitcoin Discussion / Re: Bitcoin Trader Brutally Tortured on: March 06, 2019, 12:49:30 PM
A crypto trader from the Netherlands had been brutally tortured in front of his 4-year-old daughter, by 3 suspects disguised as police.  The investigator suspected that the criminals stole some private keys, passwords that transferred the victim's fund to the suspect's wallet. How could the criminal know his a trader and identity, location? Could this be an inside job?

More information here:
Quote

Perhaps some cryptocurrency exchange platform with a KYC policy hot hacked and the criminals gathered information about the real identity of crypto traders in Netherlands.I don't beleive that this guy is going to brag here and there that he is a crypto trader.Awful news,anyway...
5787  Bitcoin / Press / Re: [2019-03-05] Billionaire Eugene Kaspersky: World Isn’t Ready for Bitcoin Yet on: March 06, 2019, 06:33:12 AM
100 years?Really?
This guy had never heard of technology acceleration or quantum computing.After 100 years the world will be way too different and perhaps all currencies will dissapear.Bitcoin might not exist ot it might change into something completely different.The world wasn't ready for computers,smartphones,internet and all the other innovations,but they were adopted eventually.
5788  Economy / Speculation / Re: If bitcoin mining will be based on POW+POS.. on: March 06, 2019, 06:28:47 AM
If you are such a big PoS supporter,why don't you just create your version of bitcoin with a PoS blockchain and hard fork it from Bitcoin Core.I'm not a huge fan of hard forks,but it's proven that they pump the price of bitcoin core,because of the "free altcoins named after bitcoin" that the noob will get for nothing. Grin
It's a win-win.BTC price goes up,and you get your own PoS pseudo-bitcoin. Grin
5789  Economy / Economics / Re: Cryptocurrency companies still can’t open bank accounts on: March 06, 2019, 06:23:03 AM
Despite the increasing legitimate cryptocurrency uses, its continued association with illicit activities and anti-money laundering compliance costs makes banking for cryptocurrency companies hard.

Read more here: https://www.unblock.news/news/cryptocurrency-companies-cant-open-bank-accounts

Why it's so improtant for crypto companies to open bank accounts?Can't they just use crowdfunding platforms or offshore bank accounts?Weren't ICO invented as a crowdfunding tool to avoid banks?I know that ICOs suck,but there must be a way to fund cryptocompanies without using banks.
5790  Bitcoin / Bitcoin Discussion / Re: What is the feature you think most important in a Blockchain System? on: March 06, 2019, 06:19:16 AM
Talk about the following feature you think most important in a Blockchain System:
1. Anti-ASIC
2. Anti-quantum computing
3. Anonymity
4. Cross-chain tech
5. off-chain tech
6. smart contract
7. ... (add more if you want)

The average crypto owner or business owner that is willing to adopt crypto payments to his business wouldn't really care about the features in your list.All they care is transaction and wallet security and I think that the wallet security has nothing to do with the blockchain.
5791  Economy / Gambling discussion / Re: How to Protect yourself from Excitement and keep your Winnings Safe on: March 04, 2019, 01:01:28 PM
For me it's quite simple.
You play only to double or triple your money(I'm talking about poker).Nothing more.
If you double/triple your money,you just leave the table and start playing 24 hours later with the same start amount from the previous day.If you lose everything,you just leave the table and play again after 24 hours(the moment of tilt will be gone).
5792  Economy / Gambling discussion / Re: Psychological Technique - Play without Pressure on: March 04, 2019, 12:56:29 PM
It's almost impossible to play without any pressure.I can't trick my mind that the money on the table are "already lost".There must be a better technique.You just have to deal with the pressure.Don't deny it.
I play to win,that's why I hate gambling.The chances of winning are close to 0,unless you are some top player.
5793  Economy / Gambling / Re: ChampagneSpins - hybrid casino - rated 4.5/5 stars on: March 04, 2019, 12:52:09 PM
Rated 4.5/5 stars by who?By the author of the review article?
I would be glad,if there was a review/feedback system just like BBB,where the users of that casino leave honest reviews.By the way,is there any forum member that actually used that casino willing to leave an honest (non-promotional) review/feedback?
5794  Economy / Economics / Re: Spain- Catalonia - Plans on creating a cryptocurrency with an inherent taxation on: March 04, 2019, 12:46:00 PM
A rebellious idea indeed! One of the main reasons for the conflict between Spain and Catalan region is their taxation. Catalan nationalists have been complaining that their region sends way too much money to poorer parts of Spain, as taxes are controlled by Madrid. So it's no wonder that the rebel leader will try to create something that bypasses the existing taxation of Spain and get the money directly to the banks controlled by Catalan nationalists. However, I don't see it happening that easily and can escalate the existing conflict to the next level. It's an interesting idea though and food for thought for many!

The whole "Catalonia sends too much tax money to Madrid" is actually a myth that was busted by many economists,but the catalan nationalists keep supporting that propaganda.The Pudgedemon idea of a "digital republic" is an utopia.It's pointless.
5795  Economy / Exchanges / Re: I sold my litecoin twice on Cryptopia on: March 04, 2019, 12:42:53 PM
This topic belongs to some other sub-forum.Maybe "Service discussions".
This is some really weird situtation.It's a bug of cryptopia(their mistake),but you got 24 litecoins that don't belong to you,because of their mistake.It's not your fault,but if you keep those 24 litecoins,you still look like a scammer.Weird...
5796  Economy / Trading Discussion / Re: How to calculate sell after all fees on: March 04, 2019, 06:53:18 AM
Hi,

Can someone help me with the formula?

Market fee when buying = 0.1%
Market fee when selling  = 0.15%
If I buy 0.2 BTC at 3800$, at what price must I sell so the profit will be 0.3% in USD?

Can anyone help me, please?

thank you and best regards
Damien

What do you mean by "market fee"?Do you mean the buy/sell fees of some particular cryptocurrency exchange?I wouldn't call this a market fee.What crypto trading platform are you currently using?Why do you even care about a 0.3% profit?
Are you trying to execute scalping(gaining very small profits from lots of fast buy/sell orders)?
5797  Bitcoin / Press / Re: [2019-3-3]SEC’s Bitcoin ETF Approval will Boost Crypto Market on: March 04, 2019, 06:46:40 AM
We do not know if institutional investors would be willing to risk "Pensioners" money on high risk Bitcoin ETF investments. Yes, some of the institutional money might be channelled to high risk investments to boost the overall portfolio, but they will never go all in with high risk investments like this.

Will we see a small pump in the "announcement" stage.... Yes, but it will deteriorate over time as investors shift money between the different high risk investments in their portfolio.  Tongue

"Pensioners" money will never be at risk,because the pension funds diversify their portfolio,so around 5-10% of their financial assets will be high risk(possibly crypto).5% might seem small,but we are talkng about billons of dollars.However,the SEC won't approve bitcoin,because it's still a manipulated market.
5798  Economy / Speculation / Re: Irrational. Bitcoin could fall to $800 on: March 04, 2019, 06:42:56 AM
800 USD bitcoin price is absolutely possible.We are in the hands of the crypto whales and the HODLers.
If they decide to sell,the price goes unser 1K USD for sure(which isn't always bad).Even if the price falls to 800 USD,I still believe that it can reach a new ATH somewhere around 2021.
5799  Economy / Economics / Re: Crypto Vs Lotto on: March 04, 2019, 06:39:18 AM
The odds of winning a national lottery are virtually nil, something like 300m to 1 which makes it practically impossible. Rather than waste time on tickets, save and invest in crypto. Look at all the good things lined up:

ETF applications - One will inevitably succeed leading to a mega pump (just like when gold was added)
BAKKT - If an ETF is not approved, who cares as BAKKT will bring the financial institutions into crypto
Lightning network - for mainstream adoption
August 2019 - Litecoin halving
May 2020 - bitcoin halving (see historic charts for these huge halving pumps)

All coins are like 80% from the all time high, odds of getting rich from crypto is millions of times better than the lotto. Be smart and invest wisely Wink

Should we even compare crypto to the lottery scams.There's no room for comparison,even though millions of people around the world think that lottery games are legit,while cryptocurrencies are a scam. Grin
LN is running and I still don't see massive btc adoption.The ETFs and Bakkt aren't very good for btc.
5800  Bitcoin / Bitcoin Discussion / Re: Bitcoin financial services on: March 04, 2019, 06:35:44 AM
Crypto loans are possible,but they have to be guaranteed with a big collateral+other people(if the loan is bigger).There's no way to automate the process by using smart contracts.Only people can evaluate the accountability of some borrower.
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