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5981  Bitcoin / Bitcoin Discussion / Re: Am I the Only One Who Forget The Innovation of Bitcoin ? on: November 02, 2019, 06:15:46 PM
I don't think people forgot the innovation of Bitcoin. They know it's supposed to be a p2p system, should be used for micro payments. However, you should also understand that it has evolved as well. Enthusiast are now more on what will be the price, when lambo? when moon? concept. I'm not saying it's bad, however as the price continue to increase and expected to spike even further in the 6 digits or even $1 million prediction, maybe some newbie in the market will not understand that the initial concept of Bitcoin as developed by Satoshi.
Well, I bet there are people who don't really know and are not interested in what Bitcoin is really about, even though they use it. These people are profit-oriented, they come from other areas where they traded something they did not care about and focused on how much money they can get is they sell now and buy then. And this is unfair because Bitcoin is so much more than that. I used to not care about the price myself, Bitcoin truly was new form of money for me. Then I started saving up in BTC, and this is how I got to care and even focus on the price. Considering this, I appreciate that the op is reminding us that it's not the purpose of it. Although Bitcoin is not doing very well when it comes to mass adoption and real possibility of being used in places like grocery stores, so it's natural that people are turning to its other aspect.
5982  Bitcoin / Bitcoin Discussion / Re: Forget Bitcoin Halving! on: November 02, 2019, 05:56:13 PM
Oh no man! Nobody ever gets to forget the Bitcoin halving that's gonna come our way on May 2020.
Sure anything positive in the crypto market like implementing a consumer app to pay Bitcoin for coffee purchase in Starbucks, will make a huge impact, specially with the price. But , If you take a look how the 1st and 2nd halving took where the market now, you wont be able to resist from remembering how remarkable the Bitcoin reward halving is.
Halving is half a year away. It can be a trigger of higher prices, but it's not going to be here anytime soon. So maybe focusing on something that's happening these days is a good idea. I got a question about Starbucks, though. I remember reading articles a while ago, that Starbucks accepts Bitcoin when you want to pay with it, but does not publicly admit it. So this is not the first step of this company towards Bitcoin, and moving to Bakkt will probably give more fame to Bakkt than price ups to the actual Bitcoin market. I think in this sense Bakkt is kind of like Libra (not affecting the market directly). So taking this into account, maybe halving is something to look forward to, even though it's months away.
5983  Bitcoin / Bitcoin Discussion / Re: Bitcoin price to Asuka will be 8700$ November 2020 on: November 02, 2019, 05:43:18 PM
As you can see, the famous Asuka has missed $16k per 1 Bitcoin in Octber 2019 but it can happen soon , maybe this end of year. However, I just want to point out that her $8750k may not be a typo instead of $ 87500 k because I believe that Bitcoin still has one more impulsive wave which can reach $56k according to asuka next July 2020, then the ABC correction of the whole 5 waves that lasted 11 years sending Bitcoin below $10k or more less. Any thoughts??
Wait, what..? You can't be seriously talking about an account that has less than $1k followers and a prophecy which somehow got popular for real... We don't even know this person and whether this person actually knows anything about Bitcoin and price dynamics... And the predictions are way off already, right? To me, it sounds like a random person making random predictions. Guessing the first one was just a lucky thing that happened. I don't think these predictions are realistic, not on the market we have today. Unless, of course, Asuka is Satoshi and planning to do something big with those Bitcoins to push the price forward somehow, I don't know. And I like Evangelion, for that matter.
5984  Bitcoin / Bitcoin Discussion / Re: See a bitcoin/crypto scam site? Don't just ignore it. Report it. on: November 02, 2019, 05:11:31 PM
This could be through scam promotions on Bitcointalk, Reddit, or any other social media sites, or maybe through Google ads, etc. Instead of just completely ignoring it, spend a few seconds reporting the scam site as to hopefully prevent potential victims from falling for these scams. Even if the difference to be made probably is just minuscule, it could make a difference.

Remember, it only takes a few seconds.

Thanks! I agree that it's better to do something than nothing. And although I almost never encounter websites which I strongly suspect of scamming people, when I do I don't really know what to do with them. At least making a fast google report is a good start. I got to say, though, that the difference can indeed be minuscule. I report offensive content of Facebook from time to time, and even though sometimes there is very clear hate speech there, Facebook always writes that it does not think this content is against the company's principles (so nobody obviously looks at it, it's an automatic reply). But if many people report the same website, it would probably make a difference.
5985  Economy / Scam Accusations / Re: instantexchange.net scammers on: November 02, 2019, 04:50:55 PM
reading your story clearly the first time I was quite concerned that you could get this. is there no better way to communicate so that what you experience can be resolved? I myself have never used instantexchange.net so I can't find out what the solution is there if you experience something like you. I am only concerned that you can experience this because such treatment is not commendable and hopefully this can help others not be able to experience like you. I hope there are colleagues who can help after reading your problem.


Thank you for your kind comment. I know i'll never get my money back, but what concerns me is their website is still active as we speak and they show all processed moneys coming in, so they are making a lot of money off poor unsuspecting ppl like me. They delete all negative comments on their sites so no where to alert ppl other then here and outside websites. I did file with the FTC and FBI online fraud dept, but right now many ppl are getting scammed and they know nothing can be done.
It's a good thing that you are warning others about a bad website. Yeah, the money is gone, but our mistakes make us wiser, right? They help to learn to be more careful next time. I was also scammed once, and although it was not a big amount of money for me, it was painful, but helpful in the future. It's a shame that these online fraud reports don't really do anything. When I got scammed, I did the same thing, and so did many other people scammed on that website, but nothing was done with it. The website got down shortly after the scam, though. And not fighting those who keep scamming others is not fair. Or maybe they are fighting, but there are just too many of these websites.
5986  Bitcoin / Bitcoin Discussion / Re: South Korea discuss the possibility to give crypto a legal status on: November 01, 2019, 10:35:56 PM
I seriously doubt an online petition is going to change the minds of the politicians in south korea...about anything.

This surprised me that crypto isn't taxed there.  Does that mean you can earn bitcoin and not have to pay taxes on it?  Crazy if that's the case, because I think such a situation has always been taxable in most countries ever since bitcoin was created.  If you acquire crypto without actually buying it, that's the *definition* of income, and if it gains in value before you end up selling it, that's the definition of capital gains.  So if s. korea isn't currently taxing crypto income or gains, they're just behind the times in my opinion.


I don't know, in my country, although democracy here is far from perfect, there are official petitions to the president as well as to the parliament, and if they reach a certain amount of people who sign them over a certain period of time, they are officially considered by the authorities and an official response gets published. They can be pretty effective. Anyway, making cryptos legal sounds like a good thing, this will mean protection and safety for people who're doing business with it. But as for taxation, I think the most logical with is to apply a progressive income tax to cryptos, just like to other forms of income. I hope that if cryptos become regulated in South Korea, that'll be the choice of the authorities. But we gotta understand that the govs cannot pretend like people are not using cryptos forever, they have to regulate them in some way. So it's better to push for favorable regulations rather than for no regulations at all, I think.
5987  Economy / Gambling discussion / Re: The African gambling markets: licensing conditions and development prospects on: November 01, 2019, 10:17:04 PM
Most counties in Africa are having corrupted/instable governments and due to that big part of population are starving daily food and job. When these basic infrastructure will get improved, we can expect more people to join gambling. But, as of now, I read people from Africa are using gambling as one of income stream for living , that might be affiliate programs as it must be a viable options for them.
I think this part is upsetting. African countries are indeed known for incredible rates of corruption, political instability, many people starving, severe human rights violations. Survival is something that's difficult there for many people. And if they see gambling as a way out, it can be even worse. Because gambling, in general, is not a way of earning money. It's a way of losing it, for the sake of something else (being involved in the game, experiencing certain feelings, being entertained, socializing in a specific way, etc.). IMO it's something that should be done by people who can afford to do it. If a person who does not always go to sleep without feeling hungry is putting basically one's last money on gambling, this is a kind of thing that makes gambling a very negative phenomenon in the eyes of many people, because it leaves people completely broken. So hopefully, at first their life will get better, and then they'll start gambling.
5988  Economy / Gambling / Re: Idea Validation ⭐⭐ BETTING TIPS ⭐⭐ on: November 01, 2019, 10:05:37 PM
Which site do you use to bet?
I am interested and would like to know more. Contact me at @webtricky on Telegram if you use Telegram.

it's sportsbet.io, the notification drop down bar on the picture
I will follow this topic to see how lucky OP is

good luck.


Thanks, looking forward (:
I think it's great that you are using Sportsbet for betting. This way you can at least be sure that if you win, you'll get your money, reputability is very important. I can also see that you're having a bright period with great bets, but isn't paying for university with the money from betting too risky? What if one day you start losing? If you're very good at sports, I guess it can be a regular source of income, but if you're focusing on certain general patterns of betting rather than specific context and details about the teams, I am not sure if it'll last for long. Just don't forget to actually use the money you're winning and not investing something that is too much personally for you. I wish you the best of luck!
5989  Economy / Gambling / Re: DexGames 😊 dexgames.net 👍 is different from All the existing crypto-games🚀 on: November 01, 2019, 09:58:06 PM
will you make a website version of the games?
because I'm a little afraid to download an application and install it on my PC.

DexGames - Decentralized games have a distributed structure and are available in 99 percent of the countries of the world.
Our Desktop version offers a fully Dex interface. Get access to professional functionality, convenience and better security.
But if one needs to download the thing anyway, why is dexgames different from other games? How is it different from other decentralized apps? Heads or tails is not a very common crypto game, I agree, but it's not the only place that has it, and dapps have been popular for more than a year at least. Or is there something I don't get here? I agree with safari88 that downloading something does not feel comfortable. If there were a way of playing online, on the other hand, it could be interesting. So if there is a technical chance of making an online version, I think you should consider making it. Good luck!
5990  Economy / Gambling / Re: Betller.io - P2P Betting on Bitcoin price movement on: October 31, 2019, 06:33:23 PM
Are you using 3rd party data for the price movement such as shapeshift or coincap? Or maybe you have your own real-live price data for the game you offer? Just to make sure that there wont be any manipulation of the price movement, so it should be clear where is the source of your price movement data.
How about the fees? If you are taking fees for every single game then how much you take? Checked your site for a while and I can see that the minimum bet is 20k satoshi by default and it seems that it is indeed the minimum allowed bet which means that we cant bet lower than 20k satoshi. I suggest you to reduce it a bit, or at least give new users a one time bonus so it will attract new players to come and play. Surely you can set a requirement for the bonus such as wagering requirement so it wont be easy to be abused.


Hi. Thanks for your feedback!

We use binance https://www.binance.com/en/trade/BTC_USDT API price data for every game. All games are 100% manipulation-free. We only profit from collecting service fees.

The platform automatically debited 5% of each user win.

We will consider the possibility of reducing the amount of the bet to 10k sat and add a 'Daily streak bonus' to all our customers. It's a great opportunity to test Betller.

It's good that you use objective data from an independent source for this game. The whole idea is quite catchy, it's engaging to follow the price dynamics and bet on it. But I am not sure I understand how it's PvP bets. Is it, like, whose prediction was the closest to the truth? If so, is there a certain range into which another player cannot enter? I mean, if one predicts that the price will be, say, $9300, can another player bet on $9305..? Or how does this prediction game work? And by the way, why is it just PvP, why not player versus what really happens? Say, the player says the price will be below $9k. If it's truly below, the player wins. If not, the player loses. Maybe these questions are irrelevant and I just don't get how this specific game works. Sorry about that.
5991  Economy / Gambling / Re: Can you believe that this dice is real? on: October 31, 2019, 06:11:42 PM
Watching the image above, I hope you have already got a glimpse of what I'm going to talk about - Yobit dice. Yes, while browsing different sections of the exchange, I decided to visit the dice part of exchange and what I saw was completely unbelievable. I am shocked to see such enormous amounts in BTC [yeah, all those bets are in BTC] are being played over Yobit dice while we cannot even search for the provably fair part of the played games or 'bets' specifically. Alike me, I think you will also be shocked if you visit that part of the exchange and see it yourself. Do you believe what you see there is true? Do you think there are are real players sending those big bets or is it just a big show from Yobit to lure us to play their dice game?
I don't know anyone who could afford to bet that much and who would in the right mind make such big bets. It's not possible to prove or disprove it, though, right? It could be just a fancy image to attract people, it could be a rich gambler actually spending that kind of money on gambling or it could be #3 which seems most plausible to me. Real bets, real wins, and losses, but made by a person who works for Yobit one way or another (so transactions are real, but the money is not really won or lost by anyone). This would be the most logical thing to do because this would allow Yobit to have proof that the transactions really happened (just in case). I don't like Yobit, so I would not gamble there anyway.
5992  Bitcoin / Bitcoin Discussion / Re: majority of blockchain project has lost focus on: October 31, 2019, 05:56:17 PM
you are wrong about multiple things here.
- the fact that a lot of shitcoins exist and a lot of projects are scamming people has nothing to do with the technology. it is like saying the technology that created vehicles had a motive to kill people because car accidents are common!

- investors are not losing confident. investors never touched altcoins in firsts place, the huge volumes you saw in 2017 was from "gamblers" not investors. and since gamblers always lose they eventually go away.
I agree with these points, but I'd like to add another thing as well. Not all of the projects that failed intended to scam people, I am sure of it. Some projects did, others were pretty terrible from the beginning but had the teams that believed in them. There's another category of projects that already allowed their investors to profit the hell lot, it's just that it was back in 2017, and investing in them in 2018 was too late. But speaking of profits and projects, it was not really supposed to be their main aim. They all had their use cases like special platforms, devices and stuff like that related to them (I'm talking about the top altcoins now). And whereas over the hype around them, they allowed people to profit a lot in the early days, many failed to do what they intended to do. And no wonder that after such failures of even those that seemed to be the good ones, investors are not interested in such stuff anymore.
5993  Bitcoin / Bitcoin Discussion / Re: Bitcoin Leading To Total Surveillance Of Payments? on: October 31, 2019, 05:40:43 PM
It is very possible that bitcoin will lead to an increase in surveillance of payments and transactions. Where cash is being systematically phased out by governments, what will take its place, naturally, is an electronic form of cash which is more readily traceable. The powers that be desire the ability to aggregate large amounts of data and form predictions of behavior based on spending patterns.

Money, as a language, is a very telling indicator of where people are placing their intention and their purchasing power. The political establishment will do whatever it can to ensure that users of electronic currency (and bitcoin) are tracked, controlled, and if need be, chipped.

Make no mistake about it, if the current political trajectory does not change, the political establishment will have their way and the surveillance of payments will be here very shortly. For those who do not comply or submit to authority, their representation on this electronic network will be switched off like a light switch.

Although the nuances remain undetermined, what is clear is that bitcoin empowers cashlessness. It also risks being co-opted by large mining operations. Central banks are looking at issuing their own crypto-style currency, but who will choose these over the original implementation of 2009?

There are many known unknowns in the bitcoin industry. However, what remains clear is that we have an era of total surveillance ahead of us, and bitcoin is one of many technologies which empower it.
IMO this view largely overestimates the power of the governments over Bitcoin. Yes, transactions are public, so while transactions that go through bank accounts are usually only available to specific users and the bank itself, whereas a Bitcoin transaction is available to anyone who wished to see it, basically. However, while you cannot have a bank account without verifying your ID, you can have as many Bitcoin addresses as you wish without disclosing any of your personal data. And while the government can push to require KYC where Bitcoin is used, there'll always be an option to remain hidden by using another wallet.
5994  Bitcoin / Bitcoin Discussion / Re: What scares you the most? on: October 31, 2019, 04:56:26 PM
This fun picture got me thinking. https://imgur.com/2GwIL5Y

What are your biggest fear in crypto?
As for me, it's losing my private keys by accident. I know that the risk is minimal, but the thought of it makes me anxious from time to time. Also, I'm afraid that BTC dumps during the transaction.

Waking up one morning and knowing that the whole cryptocurrency market went down to nothing?
Or maybe finding out that all your crypto (or your private keys) was stolen or lost somehow?

By the way, Happy Halloween!
That's a good thematic topic considering Halloween! I am not afraid of losing access to my wallet, because I know how unlikely that is, and I prevent myself from losing it by choosing Blockchain.com with 2FA. As for the market going down to nothing - well, it would be really sad but also very unlikely. And we've seen major sudden drops already, so it won't be something totally new. Moreover, no matter how low Bitcoin falls, there's always hope of recovery. Now, the last thing is something that I fear the most. Every time I open my wallet, I sort of expect to see zero balance, I have this anxious anticipation as the page is loading. But then I luckily calm down seeing that everything is where I left it, so to speak.
Since it's Halloween, let me tell you a scary story that really happened, and I was a part of it. So I am sitting at my home and doing whatever I needed to do. It was in the morning, I've just recently had breakfast, and it's a weekend, so I don't have to go anywhere. Suddenly, I receive a call from a friend of mine. He asks me to come over as soon as I can (I live nearby) because his email that's linked directly to Bitcointalk and Blockchain is hacked, and he's having trouble accessing his Bitcointalk account and very afraid to open the wallet where he basically has all of his savings. I come over, we think what sort of stuff the hacker already has access to and what can be done about it. We figure out that it was probably hacked automatically, and the hacker has not seen the results of the program's work yet, so there's time to save stuff, but we gotta do it fast. We start by changing the email to which the Bitcointalk account was attached, then we deleted the data which was in the messages on the hacked email, changed the password using a back-up email, and made superhard password to every account. Everything ended well, he did not lose anything. But at the beginning, it felt like this was the time to say goodbye to Bitcointalk legendary account as well as potentially to the savings. When I came home, I changed all of the passwords to my emails and accounts which were weak to stronger ones.
5995  Economy / Trading Discussion / Re: Why did 95% of traders fail and lose money? on: October 31, 2019, 08:44:37 AM
It takes up a lot of your time and effort to day trade and it is definitely not for beginners. I think the stress gets to a lot of these traders in the long run and it is not enjoyable and fun anymore. Alt coin trading is a pure gamble, because a lot of these tokens or coins are based on speculation and it has no use case.

It will do well in the beginning and then it will just fade away over time. You are just lucky if you invested in a coin with some short-term gains.  Tongue
To begin with, the 95% thing is very popular, but it's not clear whether it's backed up by strong research indicating that it is indeed the case. Surely, there are many people who lose money in this area, but is it really 95%? Moreover, it seems that this number is related to those who trade on Forex or something similar. Cryptocurrencies are not a part of it, and I bet trading them is very different. I agree, though, that trading altcoins is probably very difficult, especially nowadays. Although I doubt that lots of other things people trade actually have their use cases... Trading is very similar to gambling in skill-based games. It's still unclear whether it's more about luck (or, in other words, a successful person belonging to those who have a very low probability of existing but still exist, because there're lots of people altogether) or becoming a professional.
5996  Bitcoin / Bitcoin Discussion / Re: Dont break rules while trading on: October 30, 2019, 06:54:01 PM
I follow some rules. Am not sure if they will work you for everyone but these are the basics.
1. Keep it simple. Once I tried to gather as much info before start trading. Many indicators, many news, vast analysis made me paralyzed to trade.
2. Avoid crypto trading on weekend and Friday too. Instead enjoy the holidays.
3. Never do Revenge trading, you will only trade whenever you have proper mindset.
4. Never love any asset, emotional trading will kill your investment.

Consider those tips as free gift, not financial advice. Always do your own research
I like the first three points, they seem wise and helpful. They are oriented towards limiting trading in such a way that it becomes simple, leaves time for other things and prevents affective decisions. I think that there should definitely be the golden trading rules of never spending more that one can afford to lose and buying low, selling high in this list, though. And since it's a forum, mainly dedicated to Bitcoin, it pains me to see #4. Maybe it's because Bitcoin is just not supposed to be traded, but I think that people dealing with Bitcoin should have a personal connection with it, believing in it and worrying about it. Otherwise, they disrespect a great innovation and use it as if it were some useless asset on the market.
5997  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin and Inflation on: October 30, 2019, 06:45:18 PM
Zero inflation will need high fee to incentivize miners.

agreed.
I am having problems even with this first point. Inflation means that the coin's value is decreasing. One needs more of the coins to buy the same stuff as in the past. Alternatively, it can be described as an increase in the price of goods and services. To make it more evident, let's say that in 2019 the price was 0.01 BTC, and in 2020 it's 0.015. This is inflation. Now, if this devaluation does not occur, why the fees to incentivize miners have to be high? And high in comparison with which fees? Higher than if there was inflation? I fail to see how these two are related. And I can see that it's not just me struggling to see why it is so. So could the op or you elaborate on that?
5998  Bitcoin / Bitcoin Discussion / Re: Bitcoin is a Tech not "Manna" from the skies! on: October 27, 2019, 05:35:16 PM
There is this misconception that has been created about bitcoin and cryptocurrencies in general which needs to be cleared once and for all. I quote Satoshi's words from his whitepaper "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."
Maybe i misinterpreted this but where in this statement is it written/implies that bitcoin is going to get rid of poverty. Let's not get things twisted and funny enough when their false assumptions don't come to pass they tend to consider that the technology failed. Well i guess they failed in interpreting this simple message above.  Grin
Well, to be fair, more than interpretation failed if we talk about Bitcoin as money being sent directly from one person to another. We have exchanges where we trade, we have some wallets that can also be considered intermediaries (all of them, maybe...). And if Bitcoin was not meant to solve the problem of poverty but can help to solve it, there's nothing wrong with that. But you're right that blaming Bitcoin for not doing that is wrong (who is blaming it for that, though?). Saying that people who blame Bitcoin wrongly for volatility would be a more difficult case, though, because one might argue that for something to function as money is should have relative stability.
5999  Bitcoin / Bitcoin Discussion / Re: Applying Satoshi's Ideas on: October 27, 2019, 05:25:34 PM
2) We don't need institutions to back us up


They aren't backing anyone up, they are simply trading Bitcoin, and it's their right to do so, Bitcoin does not discriminate, everyone is free to use it.
Perhaps, the author meant the debates around regulations. Do we need the authorities of various countries to impose regulations on cryptocurrencies or not? It's a difficult question because if we are pro-regulation, the second question is how far can we agree for it to go in return for safe (100% legal) usage of Bitcoin.

5) This forum needs to be decentralized too


You can't have a decentralized forum that at the same time has moderation.
I agree that there's no need in decentralizing the forum, but I think it's possible theoretically to have a decentralized forum with moderation. For one, moderation can be automatized (auto-deleting posts with certain words or posts which were reported to moderators X times). Another way to go around would be to decide the banning cases by voting or something like that.
6000  Bitcoin / Bitcoin Discussion / Re: The vast majority of trading volume was faked. on: October 27, 2019, 05:17:38 PM
I wanted to say that that's old news but even one of the articles you've posted dates back to March 26th, 2019. There've been talks about faked trading volumes, and it seems problematic to solve this problem, even though every transaction is recorded on blockchain... I think the problem is that there are too many addresses, too many transactions happening at once. And while even coinmarketcap has been accused of publishing lists based on faked volume data, it's not like we have anything better or can offer a solution that will solve this problem once and for all. This data can't be trusted, but then again, does it matter that much?
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