|
Another day, another exchange controversy. I feel like every week or so an exchange gets hacked, or an owner runs away, or another one leaks some form of user data.
Even banks don't even have these amount of issues, and they are one of the reasons why a lot of investors where drawn to the crypto market over more traditional investment options. When are people going to learn to not keep funds in exchanges...
I think in the recent month I've seen 2 articles about exchanges in Canada shutting down.
|
|
|
|
We have seen some of the assets backed crypto coins in the market on the way and do you guys think this will be the future as this is directly based on national assets like gold and other products like charcoal and energy based products. This will help in growth of country's economy if not taken over by greedy corporatesand and and will it have government's support or soft corner in the regulator's eye as it will bring in some money from outside.
I think asset-backed crypto coins are going to be a huge revolution and a great tool to promote crypto adoption in the future, a lot of traditional investors would still rather invest in stuff like gold-based coins and having stuff like gold-based coin would be the best of both worlds for some people. It does ruin the speculative nature of cryptocurrencies, and I think the market is going to end up being split in 2, one side that is like XMR/BTC, all the unstable and decentralized options, and the rest being asset-backed coins and securities, safer investment options. |
|
|
|
|
It was expected to be completely honest, they are going through a lot of economic issues and when that happens bitcoin is seen as a safe haven.
The worst part about is it, is unlike countries like Venezuela, the government is actually restricting their access to using their funds and have established some policies to stop this from happening.
Does anyone know why Argentina's don't just VPN and get cheaper prices on other big exchanges? I've never really understood the concept of prices being pumped on different exchanges.
|
|
|
|
Read the full story: https://medium.com/@Forrestvisions/blockchain-technology-bottled-up-684935061270It is always good news to hear that companies are exploring the possibilities that blockchain technology can bring. Even if they are not using Bitcoin, it is still helping the community. I think some people are oftentimes looking into their own self-interest and thinking about the "profits" which is why Bitcoin is always the front of the conversation. However, some other good things are happening in the cryptocurrency space that doesn't offer an immediate investment. Thoughts? The article compared to the title is a bit weird. I wouldn't describe blockchain technology being bottled up, in the last weeks it's become pretty obvious a lot of companies and government appreciate the technology and do think it'll lead to something. It's more so bitcoin that's been bottled up (mostly due to the decentralized factors which has lead to lackluster adoption). A lot of companies in 2020 are going to dip their toes in blockchain technology, I'm ready for a blockchain revolution! |
|
|
|
|
I think the main aspect that bitcoin and some other crypto currencies have going for them that could make the charity business great would be the transparency that blockchain transactions showcase.
There's often quite a bit of scandal with charities and if this was all transparent and every transaction was able to be tracked, this would be way harder to do.
Waiting 20-30 minutes isn't a big issue as well, they don't really need the funds ASAP, and if they charge back, it's just unlucky...
|
|
|
|
Maybe they are afraid of competing with Facebook, where Facebook innovations have emerged first and the lives of their projects will be empflated.
The government feared if the Fiat would be shaken and people would be more interested in that Facebook currency. The value of the cryptocurrency is no tax and it is better to invest.
Perhaps the government is making their currency only for their political interests so that the payment of transactions is able to compete with other private parties.
no , of course that not, they don't affraid fight agaisnt libra/facebook they just affraid about losing control about their own money. “ If the Fed does not stay ahead of this rapidly maturing technology, I fear private sector efforts to eclipse fiat monetary systems will get ahead of them, with potential disruptions to our banking system and in a worst case scenario, loss of control of our own currency. and they will collapse from what they create before. and also what u mean no tax ? many many developed countries already make taxes for cryptocurrency. I don't think they were afraid of it taking over the regular currency they use, BTC is way bigger and that isn't getting restricted that much (mostly the banks banning people from buying btc). I reckon it's more about their image, and they don't want a company like Facebook to take over the finance systems since it doesn't have the best track record. Facebook can be dominance coin after legal by US government, still many economic community disagree with Facebook coin make little late to publish for investor, after announcing more than last three months Facebook coin become most interested discussing public on investor prediction Facebook coin become competitor with bitcoin and other altcoin. I disagree, how can libra dominate the market when the US has already shattered it. I'm going to take a educated guess here and day that due to the US's involvement it's likely why a lot of their partners pulled out. Facebook's coin also wouldn't really be a direct competitor to bitcoin, that'll be saying that USDT is a direct competitor to BTC. They both have completely different goals and they understand this, which was why not a lot of people in our community actually hated Libra, but felt bad for them in a way. |
|
|
|
Well its about time. The company has been known to hire Chiense individuals as their CEO is Chinese so its about time they go establish on their own soil. If China will support the wide use of blockchain then it would make sense to house a big well known exchange for traders. Will they also be open for US exchanges to settle on Beijing? Chinese market is big, its going to be an opportunity outside exchanges to come in.
it seems like if the exchange from the United States settled in China it would be a different story, I know Binance the CEO is Chinese, and that gives a positive side to making the green light, the news makes the community feel happy because China is now open about crypto currencies Binance always revolution how to make investor interested with binance exchange and legal using crypto for currency, now Binance want to open Beijing office. Binance keep giving best ideas how to make bitcoin have many investor with prepare real product look how serious of bitcoin and altcoin become legal transaction payment, binance the only way how to change with crypto world. If you have in your wildest imagination, do you think the government of China is going to use Binance to monitor all the users who engage in cryptocurrencies? It just come into my mind since they already dominate the cyptocurrency and suddenly they started to establish an office in US and in China which very surprising because even when Xi Jinping wants to accelerate blockchain development, the government still doesn't support crypto and BTC. That seems like quite the conspiracy theory mate. I think it's definitely something that could be possible, but Binance has always been very big on stopping this sorta stuff. I do think we are going to end up with this happening, the Chinese government attempting to get into Binance's books to try and stop crime, or just get in their books. Binance is likely either going to try fight them off and likely have hell for the rest of the time they can operate in China, or end up packing their bags and leaving |
|
|
|
It looks like you still don't get any support from DT yet. You could try to ask or bump this thread to get the attention of DT members if you want your flag to get active.
Btw, it seems like they were no longer active on this forum, last post in July. That being said, their policy of spreading complains == we won't return your funds is crazy af. Why do I remember Livecoin from this case.
Yeah, just looks like a shitty situation to be honest - I'm sure some DT members will flat the account and ruin the account soon - them going offline on the BTT account after being pretty active makes me wonder. What if the exchange got sold, or changed ownership? I search they website. registered at UK.
But operate by Russian country.
i found some other exchange or review...
some people are complaint about they withdrawal is slow.
even they website mentioned 24 hours delay.
Imagine, withdrawal btc rate at 9,000..
delay for 24 hours.. rate dropped to 8,000..
Now even worst, delay 3 weeks.
You can try get their information and take it up with the UK government. They might be able to help here. Yeah, I agree, I did a google search and it looks like they've really gone downhill these last months, making me more and more believe the theory that the exchange changed hands. |
|
|
|
|
It would be interesting, asf.
It depends, would it be a market economy (an economy without the government being involved and no regulations from them) because it would be extremely difficult to regulate an economy built on a decentralized coin.
We wouldn't be tethering stuff to USD if it was our main coin. We would make calcuations and transactions based on bitcoin since USD wouldn't exist in this scenario.
Banks would obviously just not exist.
|
|
|
|
as we know that in 2017 many ICO were successful (at least reached softcap) and of course the market cap was also very high at the time, so it proves that many people are interested to investing in cryptocurrency, but now where do these investors go? because now the market cap is down and many ICO or IEO are failing (not reaching softcap), are investors no longer interested to investing in cryptocurrency? if yes, where are they investing now? or is there a more profitable investment than investing in cryptocurrency for now?
I think after bitcoin went from 20,000 to 8,000 in a month, a lot of the traditional investors just cut their profits and left the scene. I wouldn't imagine a lot of people who invested during the pump to still be interested in crypto-currencies, after likely losing a lot of money during the dump to stay in the market and learn more. ICO's/IEO's ruined the market to be honest, it was a huge bubble and it got a lot of new investors that were interested, disinterested since they lost money during that crazy period. |
|
|
|
It's a old new https://www.coindesk.com/study-claims-tether-props-bitcoins-price-in-market-downturnsI'm personally, skeptical that the Tether people would be crazy enough to keep up this scam after being subpoena'd by the SEC (~Dec 14th) which is why I'm not particularly worried. however we should stop using USDT. because every time major moves like 2017 peak happen there is negative headline news on Tether and Bitfinex. also the retail investors can't even convert USD to USDT themselves, and can't redeem USDT for USD, so it's not the same as USD. it seems every major crypto exchange and company doesn't want Tether to fail, knowing what will happen to their business if USDT collapses. It seems to me that there is a grand conspiracy to discredit Tether including Bitfinex purely because of competition! - maybe because there are other stablecoin competitors out there that wants to take over Tether's status right now and yet, they have always been disappointed! And why would anyone link Tether as the only cause of 2017 bullrun when everybody knows that FOMO became widespread to the crypto-community and mass media further fueled it and everybody at that time "want to have a piece of the pie" with this "bullish crypto scene". Now I think that study seems flawed and purely hypothetical and still needs to be peer reviewed by independent third party entities to verify if it is correct! I also think Cointelegraph's way of reporting should be more comprehensive and subjective and should present more pertinent proofs to substantiate it. Imho. That's actually a valid argument, Tether is definitely top dog when it comes to altcoins, and I definitely could see other altcoins trying to sabotage USDT in order for their coins to achieve a higher market cap. A lot of the claims here just seem fairly lacking. Cointelegraph feels like a messy news outlet, I see some great quality articles from them and I spend an average of 30 minutes a day using the site, but sometimes I see stuff like this and I just get confused... |
|
|
|
Actually in the real set-up of the companies it is really happens especially the transferring the position to their heirs or their family relatives in order to continue the company and the family is the only one who are controlling the business or company. And in the reality there is no person who are getting rich just for being a college graduate and working of about 8-10 hours a day but instead of doing this you can look a job in internet or via bitcoin or cryptocurrency and build a own business in order to get rich. Just always remember that the people who are just dreaming of becoming a worker doesn't have any chance to get rich. In cryptocurrency there is so many works you can do just like bounty hunting, trading and etc.
There is a surprising amount of nepotism when it comes with the business nowadays, and most CEO's and people who hold high positions in life are just going to hand their position to their sons/daughters. There is a pretty saddening "poverty trap" that occurs nowadays, where low social-economic status people live paycheck to paycheck, are unable to have savings, and therefore can't really make anything of their situations, and can only work minimum wage, or sometimes, might not even get paid minimum wage if their employer exploits them. |
|
|
|
Bit 49, and miners.eu both seem like scams, or fairly new businesses, I wouldn't trust either with my money, especially if are buying fairly expensive mining equipment. I believe Omega was referring to this thread - https://bitcointalk.org/index.php?topic=5145072.0. Look at the first post, looks like they have a fake team and looks like a confirmed example. The only positive comment is likely by an employee of them. Teslawatt looks legit, not 100 percent sure though... |
|
|
|
|
It's about their reputation and being rational. Let's go with the gambling casino example here.
Let's say your looking to gamble 1 BTC, and there is a smaller casino that only has a bankroll of 2 BTC and they don't really have a lot of users. Why would you not go with a more reputable casino, like bitsler, that has a million dollar bankroll? Just simple knowledge to be honest.
I personally use this to evaluate every service I use, this way I can feel secure when I'm throwing 0.2 BTC threw chipmixer, because they spend that much on a daily's worth of sig posts.
|
|
|
|
|
Er... Not so sure about that, it feels like a shaky claim that doesn't have a lot of evidence. If they went to court right now, I would expect the case to be dismissed.
During that time there was a huge number of new investors for bitcoin and the bull run just feels like snowball effect combined with a shit ton of media attention.
Not sure what to think about Tether to be honest - they seen to have an odour if scams around them and it seems like the only news about it is controversial. I don't think it could be made out of thin air though.
|
|
|
|
|
Yes to have something like that would be amazing. only problem is being able to become big enough to afford to pay out so much people.
Not a lot of startups will be be able to pay something substantial in an actual currency, and most will only be able to use their tokens, which are often worthless.
I feel like there is a lot to learn of platforms like steemit they truly are the future - and the money aspect tidies up some stuff as well.
|
|
|
|
|
Probably move this to service discussion, not really related to bitcoin discussions.
Anyway, I definitely think it's gotten a lot of attention in recent years, and having features like being able to earn rewards and basically make money of using social media is very attractive to a lot of Millenials nowadays.
A lot of these networks like steemit for example, only reward people who put a lot of attention in their work, so the communities often feel a lot tighter but a lot closer, which is an aspect I actually like.
|
|
|
|
Firstly try swap to BTC and withdraw, they might have messed up there.
No, withdrawal of any crypto is closed. I wrote them again, there is no answer. ^^^ are these the same questions that were on the KYC questionnaire? have they confirmed via the help desk that all questions were answered adequately? Yes, the last letter they wrote that I was successfully verified.(well, still, I have a month of time spent on verification). More than anything they do not write, I wrote in support, wrote just to their email address-there are no answers. Ah damn man, that sucks. Sometimes exchanges will only freeze your account for a certain crypto-currency if they are careless, I was hoping the same happened with you. If you are just getting ignored from their official email, I think the shitty conclusion you have drawn from this situation is likely true... Try to threaten legal action. That might end up accomplishing something. |
|
|
|
Fresh graduate can’t land a job in corporate world, because the guy on the top don’t want to step down, the capitalist want to pass their position to their heirs, and their next heirs and next heirs, fresh graduate have no choice and they pull through it, they become basement dwellers, they play video games, they mine bitcoins, they make savage videos, they do everything else except go to work for corporate scumbags, a decade later, many corporates begin to crumble one by one, General Electric used to be the iconic Corp that top students line up to compete for the few top position, now it is delisted from the DJIA index and the scumbags inside the Corp are fighting among themselves for their self-interests, it gave me a unknown pleasure to know that more and more used-to-be the blue chip, the best Corp in the united state the land of freedom, began to crumble one by one, they blame the useless millennials for messing up the entire scheme, I know deep inside me, I want them to failed so badly, can I finally have a good laugh? I hope so!
You sound pissed, and this seems like one of those angry rants that some old guy in his basement makes, no offense. I don't think you truly realize how far technology has progressed and how popular social media is, and making youtube videos are. These Millenials you are talking about, are today's new movie stars, and no matter how you can spin it, they are making the most out of it. Video games certainly have some issues (with addiction, and bad parenting mostly being the issues related to it), but our times are evolving, and technology is a huge part of it. |
|
|
|
|
Yikes. They even have a VIP account on the forum, and it looks like they are pretty big in the russian sector of bitcointalk and that is their main market where hey operate.
Have you tried threatening legal action? I am sure that you guys are in the right here, and there are definelty going to be scared if you threaten legal action. Have you found their company details, and do they have an address and a team behind the exchange?
|
|
|
|
|
Show Posts
