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5821  Bitcoin / Bitcoin Discussion / Re: Venezuela & The Bitcoin on: December 18, 2019, 03:19:57 PM
What can I say... I give my condolences to Venezuelans who have to live in such a terrible economic situation... The government does not seem to be doing good in terms of improving the situation as well. No wonder people sell their almost worthless fiat for something valuable like Bitcoin. Then again, since exchanges report fake volume sometimes, perhaps this data is inaccurate as well. It's also sad that the government is trying to push that Petro pseudo-crypto, whereas it's clearly not helping the situation. As far as I know, the majority of the population is leaving below the poverty line and unemployment is at 30%. Unfortunately, in such a terrible situation, I don't think Bitcoin can help Venezuela or vice versa.
5822  Economy / Gambling / Re: Would you play on a new dice? What features would it need for you to switch? on: December 18, 2019, 10:34:10 AM
Hey
As in the title, would you play on a new dice site?

What features would you like to see that have not been done already?

What features would it need for you to switch from your current favourite dice site?

If you answered no, what games would you like to see done using crypto that haven't already?

Thanks


I'd be interested to play on a new website if it has promos, giveaways, welcome bonus, faucet or other similar things. But this is just something that would catch my interest, not maintain it. Then the website if course has to be provably fair and, if possible, already have a good reputation in terms of withdrawals. No KYC is also important to me. Finally, what most dice websites lack IMO is a good animation. A solid part of playing dice is shaking them in your hands, watching them land slowly. An online experience cannot replicate everything, but it should try to offer at least some of it.
5823  Bitcoin / Bitcoin Discussion / Re: This is very bad for the European crypto community! on: December 18, 2019, 10:26:23 AM
New anti-money laundering (AML) regulations are coming into force by January 10 in Europe. The rules, which address cryptocurrency companies for the first time, look set to have a large impact on the industry.

The Fifth Anti-Money Laundering Directive (5AMLD) is set to take full effect in less than a month. It was first detailed in May last year.


Source link here

It means that they're clearly in a war against decentralization.

They are doing whatever it takes to "take over" and make centralized payments dominant once again.

Bitcoin was created for us to have no limits in cross-border payments. Now they're trying to take it away from us, because of KYC. There's very little freedom on how much BTC and altcoins are we gonna withdraw, especially within the European union.

It's just that these lawmakers are doing something to make sure we do not prosper, but only them.
From what I see in the article, it's indeed a bad and very unfair move. Fortunately, my country is not in the EU, although it is on its way there... I think it's unfair if people have to provide ID any time they want to exchange cryptos, because that's not how it works with fiat currency exchanges in the EU. In Hungary, for example, one can exchange one type of fiat for another without providing any ID if the sum is up to 300 EUR or so. Yes, it's a small amount, but transactions like that are indeed too small for serious money laundering, so it's a waste of time and resources to investigate such acts. If a person is exchanging a lot of money, in the other hand, I think it's fair to require not only ID but also proof of source of this money.
5824  Bitcoin / Bitcoin Discussion / Re: You selling to buy Xmas gifts or using bitcoins to buy Xmas gifts? on: December 18, 2019, 10:17:57 AM
  Are you using your coins to buy Xmas gifts and to pay for your holiday expenses?
First of all, Christmas is the same every year, but I don't think bitcoin is falling in December each year. It did last year, sort of, and we can say that it does this year, but what about, say, 2017?
As for personal usage, I did sell some BTC to buy presents for New Year and I also received my New Year present in Bitcoin in advance. So some movement can be explained by actions like that, but I don't think it's likely that this is the main reason the price if going down.
Moreover, this negative trend can be over tomorrow or in a couple of days easily, that's just how volatile bitcoin can be.
5825  Bitcoin / Bitcoin Discussion / Re: Over $7 trillion worth of BTC has been transferred since 2009 on: December 15, 2019, 01:16:21 PM
Adjusted for change it'd be less than a third of that:
Also, there are many people transferring coins between their own wallets. Consolidations, new wallets, from one exchange to another (or the same exchange cold-hot wallet) and so on.

There are much less "real"transactions than this video suggests.
Indeed! And I also think that if we believe in Bitcoin as money rather than a way for traders to get rich, the vast majority of these transactions should not be considered. When people are trading, they are performing transactions all the time, right? And all of these transactions count, correct? Yet these transactions don't signify anything but attempts to make a profit. The real transactions are those performed by people who want to buy something for BTC, who receive it as salary, who send some BTC to their friends as presents and stuff like that, not when a person sells and buys and sells and buys again.
Oh, and I'm also wondering how the sum in USD was calculated if the price keeps changing and it would be tremendously difficult to take it into account.
5826  Bitcoin / Bitcoin Discussion / Re: How cryptocurrency could determine the UK general elections? on: December 15, 2019, 12:57:14 PM
Huh?

The election is over (it was held last Thursday). The Tories won. Cryptocurrency didn't determine the results! Cryptocurrency wasn't discussed at all. (Brits like the pound sterling and arn't in any hurry to replace it with another currency. Especially as inflation has started to drop in recent months).
Not only cryptos did not play a role in the elections, but IMO contrary to what some are saying, the reverse also did not and will not occur. Great Britain is not as great as it used to be in terms of influence and economics. Getting out of the EU is not likely to bring it prosperity, but is a rather risky move that was made possible by inclining people who are not usually voting to come and vote for Brexit. This country is not big on cryptocurrencies, either. It's no Korea, China or the US. So while currently the GBP is doing well and Bitcoin is doing so-so, I see no causal relations of any kind between the two. Oh, and I'm pretty sure that those pro-crypto millenials are those who voted against leaving the EU in the first place, so...
5827  Bitcoin / Bitcoin Discussion / Re: What happened after UK general election on: December 15, 2019, 12:50:55 PM
The UK general election resulted in a landslide victory for the Conservative party yesterday.
The result caused the pound to rally to an 18 months highest.
As global currency markets respond to the resounding result, Bitcoin and gold begin to stutter.
Where's the proof that Bitcoin begins to stutter? I don't see any significant changes over the last couple of weeks, so even if British pound got stronger, it clearly did not affect Bitcoin in any way.

Unfortunately, the renewed of confidence in economies might cause a sustained rally in the stock markets and cause a negative prospective for cryptocurrencies.
Meanwhile, Bitcoin is in the midst falling and dropping in value, and retail interest is getting lesser.
According to experts, Bitcoin might come to a lowest point, with price targets at $3,150 and $1,800.
One currency of one player who is not even among the strongest nowadays does not mean that confidence is renewed worldwide and if something does not happen that affects the world, it's very unlikely to touch Bitcoin. As for experts, people say all sorts of things and there cannot be reasonable price speculation, so these numbers are as good as saying that Bitcoin will be worth $15k in a couple of months.
The results of the UK election is assurance of Great Britain swiftly leave the EU in early 2020. And this will diminish the uncertainty in the European economics and stock markets.
I think that long-term it will bring even more uncertainty to the world because it's a rather destabilizing move.
5828  Bitcoin / Bitcoin Discussion / Re: How long will existing encryption last? on: December 15, 2019, 12:38:11 PM
It seems to me that it's impossible to make even an educated guess about that. It might seem nowadays that the progress if fast, and we don't have much time left, but people were sure that trips to Mars would be casual, whereas they still are not even close to that. In a TV series that I mention quite a lot here ('Silicon Valley') the team accidentally came up with an algorithm that compresses information in such a great way and keeps perfecting itself so fast that the strongest encryption there is, is about to get broken. It's a fiction story, of course, but we cannot know whether something like this can happen in 5 years from now, in a hundred years from now or never.
It seems to me that we are reaching the limit of the advancement of computers (transistors cannot become smaller for now, because quantum processes come in), and it's unclear whether we'll even crack quantum physics to make it work to our advantage, but we have to be cautious just in case.
5829  Bitcoin / Bitcoin Discussion / Re: So when will we see a high budget Bitcoin movie? on: December 15, 2019, 12:30:43 PM
My guess: When were talking about a high budget Bitcoin movie that somewhat accurately portrays it's history, then my guess is that when Bitcoin becomes a normal household name in a way that a good number people aren't looking at it as a scam or an investment scheme(which is still it's current public perception). Bitcoin being used in a criminal manner will sell a lot more today knowing that the misconception of "bitcoin is only used by criminals" is still there.
Yeah, speaking of high-budget (or at least, not low-budget) movies 'Crypto' comes to my mind. I haven't watched it, so I don't know whether it's against some cryptos or against Bitcoin, but judging by the trailer it's exactly the kind of movie you've described: that is, the one enforcing the stereotype that crypto is used by criminals. A movie distributed by Lionsgate and having Kurt Russell in the main cast got terrible reviews and was only released in 164 theaters. Unfortunately, it's impossible to find the info about the budget, but the movie looks like a complete disaster, fortunately.
5830  Economy / Gambling discussion / Re: A BOLD player is considered a dangerous player at casinos and sportbooks. on: December 15, 2019, 12:20:14 PM
Of course, bold people are dangerous in gambling, I agree with that. If a person is putting a lot of money fast into the game, this person can lose a lot, but this person can win a lot as well, which makes it a high risk for a casino. Setting a reasonable maximum bet can solve the issue, but not always, since always betting a maximum bet is also bold. I wanted to add that these people are also annoying in player vs player games. When I played poker online, I hated it when people were raising the bet all the time since the very beginning! I could not handle the stress of playing against such people and often folded unless I had really good cards. I'm bad at poker, that's true, but I also think that such people might frighten a lot of players and in a way gain advantage over them. But this strategy is risky to both others and the gambler that uses it, since if someone stays strong against such moves or the odds don't go in one's favor, it's gonna be a very big loss.
5831  Economy / Gambling / Re: TOP 10 Cryptocurrency Sportsbooks on: December 15, 2019, 12:02:42 PM
See here the Rating of TOP 10 Cryptocurrency Sportsbooks: http://topbuki.com/rating-of-cryptocurrency-sportsbooks-eng/
The website's design is not welcoming. The margin on the right, blurred header, no secure location, header navigation being replicated in the navigation to the left... All this says about unprofessionalism. And if you cannot make a decent website, how can people trust that you can evaluate casinos seriously? It just does not give a good first impression, so to speak. Moreover, where's the clearly stated methodology? Who are your experts that evaluate casinos? And some of the info in reviews is very subjective, like the advantage of Nitrogensports being that it's the best sportsbook.
To sum up, I think that the website needs improvement, and I wish you an inspiration to do so!
5832  Economy / Gambling / Re: Opinions - Advices - Tips&Tricks - Casinos online on: December 15, 2019, 11:32:46 AM
If I planning to create a new gambling site, how it need to be ?
Which games is more popular ?
If you're thinking of opening another crypto casino, think again before pursuing the project. I'm saying this because at first, you should know your competitors. This market is very competitive, and new websites appear all the time with the teams pretending that tons of similar websites are not there. The only successful and relatively new casino I remember is Stake.com. It came out of nowhere, but with a nice design and a lot of money put into the project. They've hired a good signature campaign manager, they've worked on developing a great website, they've obtained a license which also costs money. But I also see a new cheap project trying to become popular without pouring a lot of money and effort into it at least once a week for a couple of years. If you want to become successful, you'll need a very solid project overall, not just a good design, customer support, popular games (dice, poker, slots, crash) and a provably fair mechanism. Since there are enough reputable websites already, it's hard for a new one to even get attention.
5833  Economy / Gambling / Re: 🍒 GamblingSiteFinder.com — Ranking The Best Online Gambling Sites on: December 14, 2019, 10:56:59 PM
I really like that the criteria are mentioned and which ones you chose for the website. I'm especially glad to see the 'responsible gambling' one since it's often neglected and is yet important for prosperous and morally justifiable business IMO. Are the criteria mentioned in the first post equal to you, op? Or do some of them weigh more than others when it comes to consideration? Say, if you set a percentage value to the criteria, would it be the same percentage for all 6 or not?
I can see that you have Sportsbet among the best Bitcoin sportsbooks, and I think it's great, but I wonder whether Nitrogensports belongs on the list, considering their dubious reputation...
And also, when I clicked on Nitrogensports to read more, I saw a black review table, basically. Maybe it's a mistake or you have not filled the content yet, but it looked wrong. It keeps redirecting from Nitrogensports to 'raging-bull-casino' review...
5834  Bitcoin / Bitcoin Discussion / Re: Satoshi Nakamoto a good resume of the situation. on: December 14, 2019, 10:45:05 PM
I was not able to find any proof that this account belonged to Satoshi neither that it really became friends with this guy.
Where can you confirm this? This about me page is just a claim, which isn't a proof by itself
True. Even if the account used to belong to Nakamoto, even the article on Medium mentions that the email might have been hacked (and as far as I know, there's a known case of Satoshi's email which is linked to Bitcointalk account being hacked). But I also could not find anything that would support at least this idea with the profile of Nakamoto showing activity. It seems more like a cheap hype to me, honestly, and that nothing out of the ordinary happened. I believe this if the profile of Nakamoto they're talking about: http://p2pfoundation.ning.com/profile/SatoshiNakamoto. And this is the guy claiming that Satoshi befriended him or something (note that it was at least a year ago anyway). But the website is obscure, I don't see any proofs there.
5835  Bitcoin / Bitcoin Discussion / Re: Interesting graph: The payoff of early investment: Stocks IPO vs BTC on: December 14, 2019, 10:32:25 PM
The ROI of BTC is just insane! Best investment to beat inflation...

That sure is some interesting data, but let's not get over ourselves and automatically conclude that bitcoin would be the best investment to "beat" inflation. If you're in some third world country, sure. But if were talking like bigger countries like the united states, we really don't know. If the US went through hyperinflation for instance, we won't know for sure if people would be moving their money to bitcoin(which I personally doubt), or if people would be selling their bitcoin to have money to spend on things(which I personally think is the more likely scenario).

In the end, no one knows, and only time will tell.
To me, on the other hand, it seems only logical that in an event of rapid devaluation those that have savings will be interested to preserve them by selling fiat for precious metals and, very possibly, Bitcoin. You're saying that it's a good investment in a third-world country but not in a developed one, but it seems to me that the opposite is also reasonable. Think of it this way: people from the third world are more likely to have fewer savings and focus on survival. Thus, they'd need the money that can buy them things, even if this money is rapidly losing value. They cannot afford to make savings or whatever if the question is whether they have enough to buy food for today. In a prosperous country that is suddenly hit by hyperinflation, on the other hand, many people are interested not in survival but in remaining rich. So selling BTC to buy the money that loses value does not make sense to them, whereas selling fiat from their wealthy bank accounts for Bitcoin seems like a good choice.
5836  Bitcoin / Project Development / Re: Is your Android Wallet secure? Most of the 37 wallets should scare you! on: December 14, 2019, 10:26:02 PM
Android is too unsecure platform to store wallet there
Yeah, I like the project with researching the security of wallets, but why are you looking specifically at Android Wallets? I mean, does the majority of users even store Bitcoins on Android..? I thought people preferred online versions and cold wallets instead. I would never install a wallet onto my smartphone, for instance. And since the article about the methodology of this project admits that verifiability does not really say about much, I wonder whether the team is thinking about improving the methodology by adding some other factors to consider. It could be really useful to know which wallets are more secure and which are less, but limiting the project to, basically, exit scam possibility for Android wallets seems too narrow.
5837  Other / Beginners & Help / Re: What other options do I have when it comes to digital assets ? Besides crypto on: December 14, 2019, 10:06:04 PM
This topic is interesting but you are thinking it the wrong way.

There is no "next bitcoin" or next superstar. Stop searching for this.
There will be other ways to make money with 10.000% or even more, but it won't be next bitcoin. It may be totally unrelated

I don't know any other digital asset. Maybe Amazon gift cards or such?
That's a fair point. I think the reason for that is that Bitcoin is so much more than some digital asset. Sure, it can be used to gain profit, but it can also be used to store value (preserve rather than profit) in a bank-free form, to get a feeling of a truly free market, so own money that is not controlled by any government or other entity, to possess something valuable that cannot be faked or to perform financial transactions without revealing the identity. And these are just some options that came to my mind.
A new superstar asset might be good in terms of profit but have no other important features or have those which are very different from those Bitcoin has.
But what's going to be the next big profitable thing - I have no idea.
5838  Bitcoin / Bitcoin Discussion / Re: Bitcoin Whale Spends over 800 BTC just to Win a 5 Million Doge Bet on: December 14, 2019, 09:51:20 PM
https://www.coincurb.com/news/bitcoin-investor-spends-800-btc-to-win-bet/

This guy on Twitter actually spent 800 (probably more) BTC in order to win a few Dogecoins. Goes to show how easy it is to manipulate the market.
Is it easy to manipulate the market, though? I don't see any dramatic changes over the last 24 hours in terms of the price of Bitcoin. Do you? Maybe the guy just got lucky rather than prevented the loss. It could be just a coincidence like some have rightly pointed out.
Oh, not to mention that even if it had an impact, it was 'local', not 'global'. The bet was about Bitfinex, and pouring $5 million worth of coins made the price, what, like $50 more for an hour on one major exchange? That's not an example impact or let alone manipulation to me. I think it actually shows quite the opposite: how much effort a millionaire has to put to make a tiny difference (if any at all).
5839  Bitcoin / Bitcoin Discussion / Re: Bitcoin, Spouses and Divorce on: December 14, 2019, 09:39:44 PM
I'm having a similar situation here. I'm so into crypto that my girlfriend thinks I'm not giving her enough time. She knows about my crypto involvement and she's Okay with it if I stay away from gambling. And she founds out everytime I lose high amount in gambling. It's getting difficult for me to balance my job, crypto and girlfriend all at a time. I just hope she won't fall for any other.
Since the topic was created in 2013, she was really wrong about selling out, and I hope that the husband cashed out in 2017  Cheesy
I am in the minority here, I guess, 'cause I'm a wife with a husband who is not that much into Bitcoin. He's not a believer, and sometimes he can put some pressure about cashing out, but only mild pressure (like, trying to convince me to sell), nothing serious. Sometimes he just does not understand why would I wait to cash out later when there's a risk of the price going down, but we've been together for years now, and he's growing to accept my decisions about cryptos more and more.
However, if a family is in desperate need of money and there are some bitcoins, it's better to cash them out whatever the price is, 'cause money is not everything and satisfying basic needs as well as maintaining a good relationship is important.
5840  Other / Off-topic / Re: Twitter CEO and pro-Bitcoiner Jack Dorsey strikes again! on: December 13, 2019, 05:13:22 PM
The CEO of Twitter, Jack Dorsey, has announced that the platform will be funding a small team to develop a decentralized standard for social media.

In a tweet made by Twitter’s CEO earlier today, Dorsey said that Twitter plans to fund a “small independent team of up to five open source architects, engineers, and designers.” The end goal is to create a new decentralized standard which presumably will be for all social media. Twitter will be putting its weight behind the project and will, if successful, adopt this standard, someday.


Source link here

For the love of God, Jack you've really surprised me today!

I think this is definitely a great decision by Twitter CEO Jack Dorsey. Since he's an advocate of Bitcoin and other cryptocurrencies, he is planning to something for us to accept and adopt social media's decentralized standard.

I don't know what you guys are thinking of Jack Dorsey's move. Do you think we are so ready for the decentralized standard?

Just let me know about your opinion, reaction or feedback about this one. For me, this is definitely huge and Twitter looks to be ahead of the line!
Wow, that's great news! This guy is awesome, he's shown his pro-Bitcoin attitude before. This project sounds interesting, it kind of reminds me of a Pied Piper decentralized internet project from Silicon Valley. And since it's Jack, it's truly reasonable to accept Bitcoin to get integrated, in case a cryptocurrency is needed.
Decentralized will be = Censorship-resistant. How can pedophiles be regulated from posting/sharing child-porn?

I believe it will be adopted by them first.
Shit, that sounds like a terrible downside. If something is not regulated, it seems that it should mean that absolutely nothing gets regulated, since otherwise there's a way to manipulate the system to repress people for various reasons... I think that a fine balance is yet to be achieved...
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