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6221  Bitcoin / Bitcoin Discussion / Re: Has Bitcoin already won ? on: August 29, 2019, 06:16:04 PM
https://youtu.be/UF528l8fqKk

Bitcoin is pretty much already considered Gold 2.0. Is that enough ? Does it still need to become a currency from here on ? Or is it the new "Gold Standard" that other currencies will be measured by ?
It's true that Bitcoin can be neither or both. There can be something that is both a good investment opportunity and the standard against which the value of other coins is measured. After all, that's what gold used to be when dollar was backed up by it, right? At the same time, despite the great improvements that Bitcoin went through, and a seemingly big popularity boost, we are here actually living in a bubble and overestimating its role for the world. There are no more than 100 million crypto users out there, in the world with 7.7 billion population. So it's about 1% of the population currently using it, which is a very small number. And the rates of adoption are not promising so far.
6222  Bitcoin / Bitcoin Discussion / Re: Just type 'bitcoin' in youtube and sort the view by week and then by day :> on: August 29, 2019, 06:06:57 PM
Youtube is mostly a place for entertainment nothing more. the only videos worth watching is the funny ones that are good to waste some time and have a laugh or two. anything else is just misleading specially if it is regarding money (investment, analysis of  the market and trading advice!) and it is coming from some random dude in his parent's basement who has never even made a trade in his life.
I disagree. Most of the time I watch youtube is when watching educational videos to broaden my horizons (Crash Course, Map Men, Vox, Eastory...). I agree that Youtube is not so great with cryptos, though. Even popular channels like Ivan on Tech are actually making videos about Noname companies that pay well to get in there. Still, though, there are some nice general educational videos about blockchain and Bitcoin there. As for technical analysis - well, it's just not a particularly strong and scientific thing in general youtube is not to blame for that.
6223  Bitcoin / Bitcoin Discussion / Re: you can be the richest man in the world if you travel to 2013 time machin on: August 29, 2019, 05:48:42 PM


what would be the first thing to do and how to buy bitcoin where to hold which currency want to get and how do you plan to do that  Roll Eyes
It's actually a funny paradox because one can become the richest person in the world if one travels back in time, but to spend money even on detailed research on the possibility of the time machine one kind of already needs to be among the richest people in the world  Grin
Seriously, though, 2013 was a great time, but we keep forgetting that it did not seem great back then, which means that now is probably also a great time to invest, but we are just being greedy, looking to the way things used to cost and missing the opportunity.
6224  Bitcoin / Bitcoin Discussion / Re: Swiss Crypto Banks Receive Licenses From Financial Regulator on: August 28, 2019, 03:45:11 PM
Switzerland has been fairly welcoming about cryptos for a while know. After all, the famous canton of Zug is like a crypto Silicon Valley. But if I am not mistaken, they used to keep a distance from the fights with banks by making cryptos property rather than legal tender. I wonder if letting open a bank account with cryptos changes that... If the banks still stay in power with all their decentralization, though, I believe it still counts as balancing between innovation and tradition. It's easy to understand Switzerland since Swiss banks are arguably some of the best in the world, and going against them would not be a good move from the economic standpoint in this country. I believe it's better to have something like this than a policy that bans cryptos, but at the same time, this approach diminishes the whole thing of decentralization and pseudo-anonymity.
6225  Bitcoin / Bitcoin Discussion / Re: Why is the brain wallet not better than regular paper wallet? on: August 28, 2019, 03:04:03 PM
Do you really think is it worth to do all this effort, instead of just buy a hardware wallet because you want to customize?
The key here is safety, and for now the hardware wallets are one of the best methods available and it's simple

I believe my 1 btc will be worth $100,000 in 10 years.  So, I don't mind having to do all that work if I have to.  Just for the sake of education, would you disagree with me that the wallet method I described is less secure than a Ledger nano S?  If you do disagree, can you explain why?  Thanks.   
Look, leaving clues about the remaining words and not having them written down anywhere makes your money safe, sure. But what if you somehow forget the words, stop understanding the clues? Then your investment is lost forever. And it might be that the probability of you forgetting the words is higher than your wallet getting hacked. I use 2FA and I feel pretty safe. There are a confirmation link on my email address and a temporary personal code sent to my phone. Oh, and also a password which is a mixture of words and symbols. The password is stored in a way I find secure. There's a chance that it can be stolen and hacked, but the chance is low, and I am okay with that.
6226  Bitcoin / Bitcoin Discussion / Re: Fake satoshi :) on: August 28, 2019, 02:55:17 PM
It doesn't make any sense, why do people like to claim themselves as Satoshi?do they really think they will get a lot of benefits from it? like what? attention from people? now the truth is finally revealed. People must be aware that their actions have consequences and they have to suffer those consequences whether it is positive or negative because they chose it in the very first place.
I never believed Crag was the real Satoshi. I think he probably knew or was pretty close online with the creator of Bitcoin, and being a d*** such as he is, Craig could steal something from that person which made him a plausible candidate. And Kleiman could be the real Satoshi, of course, but I hope that the creator is still alive. Anyway, the press release, unfortunately, does not prove much. Okay, Craig has to give half of the bitcoins he mined together with Dave. Plus, Craig is accused of falsifying some documents. But, according to CCN,
Quote
Despite Judge Reinhart's alleged assessment that Wright had lied and perjured himself, he apparently decided not to fine Wright or throw him in jail.
This must mean that it was not falsification serious enough. Not to mention that it could have nothing to do with Craig being or not being Satoshi. It could be about those mined Bitcoins and to whom they belong. So Craig believers, and I have some friends who belong to them, will remain Craig believers.
6227  Bitcoin / Bitcoin Discussion / Re: Anonymity VS tracing transactions. on: August 28, 2019, 02:32:49 PM
Whenever bitcoin transactions anonymity is discussed, there are two groups of people. The first group think of privacy of users and the second group think of those bitcoins have been stolen or have been used for illegal transactions.
We cannot have both anonymity and possibility of returning stolen bitcoin to their real owners.
Which one do you choose if you have to choose only of them?
If you choose the second option, please answer the question below.
Now, what's the difference between bitcoin and fiat?
Well, I don't see how these topics are related. If there's one wallet with the money that belongs to the owner of this wallet, and then there's another wallet of the person who decides to steal the money, then the money from the second wallet can be returned to the first wallet without any identification required. I am not sure if reversing transactions is even theoretically possible, but I am sure that the majority won't approve of it. It's not about anonymity, it's about decentralization. Sure, it's sad when the money is stolen, but if the mechanism that allows freezing the money in certain wallets or reversing some transactions is introduced, there will be room for abuse of this system, and Bitcoin won't be much different from fiat indeed.
6228  Bitcoin / Bitcoin Discussion / Re: Becoming Financially Free With Bitcoin on: August 28, 2019, 07:40:12 AM
The plan seems alright if by investing in residential property you mean buying flats and houses and living off the rent people will pay you. However, I am bit sure it counts as an example of financial freedom reached because of Bitcoin. You seem to have good financial situation already if you can invest that much. And you intend to sell your BTC for fiat in the end and invest into something not related to Bitcoin at all.
6229  Bitcoin / Bitcoin Discussion / Re: Why haven't governments illegalized bitcoin transactions? on: August 28, 2019, 07:16:15 AM
Bitcoin is still very new, so it's hard to make a decision now. It's still not clear how many people are going to use it in the future and what is the best way to regulate it. I think that most of the countries wait for a unified strategy for the top countries or at least wait to see which regulations in other countries have what impact. When something starts to stand out as the must effective policy, others can adopt it rather fast.
6230  Bitcoin / Bitcoin Discussion / Re: Banks are offering Negative interest rates! will this help BTC on: August 25, 2019, 10:52:07 AM
I pulled/quoted some of the article under the link

https://www.yahoo.com/finance/news/negative-interest-rates-japan-germany-france-150324580.html

"What if I said I wanted to borrow $100 from you and pay you back $99 five years later? Would you do it?

Hell no!

And yet this is exactly what’s happening right now in the banking systems of Japan, Germany, France, and other European countries.

Negative interest rates — where the lender gets paid back less than they’ve loaned — now add up to 30%, (and counting), of the global tradable bond universe, according to JPMorgan (JPM). You may have seen for instance that Germany just sold the first negative yielding 30-year bond issue.
Well, Japan is a special case, because they have deflation. Their fiat becomes more and more valuable with time (I think it was not done on purpose, and people mostly think it's a problem but that's how it works there), so it makes sense that one should pay back less that one borrowed. As for countries with a stable inflation rate, it seems that the lender loses significantly in this case, but I can see how people might be interested in that. It's just like discounts and promotions. If nobody wants to buy your product for a certain price, you make it lower, and then people buy it and probably even more stuff they never intended to buy. Likewise, if nobody wants to loan from you, and you really need an active flow to get going, you make a negative interest rate.
6231  Alternate cryptocurrencies / Speculation (Altcoins) / Re: what is the future of btc and eth? on: August 25, 2019, 10:43:15 AM
Why are there so many coins that have higher transfer rates than bitcoin or eth, and the fee is also cheaper than it is for increasing transfers, but I feel like more advanced coins are getting worse. . Is it now that cryptocurrency is just a place to invest and make a profit without seeing its power and meaning? I think better things will replace the old ones

It does not seem to be a true prediction. At least for now,  the tendency is that Bitcoin is getting all of the attention even though the fees are high, and alts that may cost nothing to use are dying. Because transaction fees are not the most important thing. People choose what's popular, what is more frequently used, what is more stable. It's risky to use a cryptocurrency like doge that works fine for now but does not have a dev team. Such coins can have critical bugs and you'll regret you were greedy to pay a couple of dollars for something reliable.
6232  Bitcoin / Bitcoin Discussion / Re: Impact of Bitcoin growing Dominance on the Crypto space on: August 25, 2019, 10:26:23 AM
My understanding of Bitcoin growing dominance in the market-

1.The higher the dominance the higher chance of a Bull run.
2.The higher the dominance the more Alts bleed.

This is what I have understood. Dominance also means investors/traders are more inclined towards Bitcoin. This can also become a Bull trap, as you never know what might happen next in the crypto universe.
The second point is more or less fair since if alts are losing market capitalization, it means they are losing investments, and that affects the price. However, I disagree with the first point. Nowadays the dominance is strong, and Bitcoin is bravely holding its $10k position. However, as the op mentioned, this is the strongest dominance since April of 2017, and that was not the best time for Bitcoin. It was worth slightly above $1k, and the biggest bull run was still ahead. And notice what happened to dominance during the bull run of Q4 2017. It had its ups and downs but eventually dropped to 35% on the first of January 2018.
6233  Economy / Gambling discussion / Re: What is the difference between binary option and gambling? on: August 25, 2019, 09:52:34 AM
I always measure gambling from the level of risk and reward and i do believe that, this is the reason why cryptocurrencies traders, binary option traders, and forex traders are been referred to as gamblers by those that did not know how there work, as it is possible to have your entire accounts wipe out if you take risk with all your funds and at the same time it is also possible to double or triple your funds by just small movement in you favour.
It is almost impossible to come out with profits in binary options and a lot of strategies are out there and I have tried many of them. One thing is very common and that is: the gambling companies keep making money and binary option websites owners are among millionaire in their countries. My question is that,  is binary options part of the gambling industry as it deals with betting?
I think the answer largely depends on the definition of gambling. For most terms, there are various definitions, and nowadays we live in a world where the limits of different areas are getting more and more blurred. One could say that gambling is only when you take your chances irrationally when there are no skills that can affect the result, whereas trading is a profession. But then there are games like poker in which you can become a professional and earn money. Does it still count like gambling then? At the same time, trading offer involves such a high risk that your skills play a very small part in it. This seems to be especially true with binaries since there's a house edge, according to this guy, and so the house wins in the end: https://youtu.be/nXHdoXJ9h5M?t=189.
6234  Economy / Speculation / Re: BTC is gain or loss? on: August 24, 2019, 05:56:00 PM
I am a BTC holder. Some People said BTC is going down to $1000!! Is it true? So what can i do sell all BTC or hold it anyone know?  Cry
If you're not sure about Bitcoin as an investment, then you probably should not hope for the best and risk it. Bitcoin is very volatile, and it's hard not to sell when you see it going down even if you're a Bitcoin believer. Manage (take responsibility for) your money, think about the risks, make sure you're not investing more than you can afford to lose, try to buy low and sell high. These are important rules of investing, and even though they are simple, I don't think you should neglect them.
I am a believer, and I don't find it likely that Bitcoin will even drop below $6k again, let alone to $1k. But nobody can know for sure, so it's good if you decide in advance for yourself at which lowest and highest prices you're definitely selling your coins.
6235  Bitcoin / Bitcoin Discussion / Re: Mining Bitcoin at a nuclear power station in Ukraine on: August 24, 2019, 05:42:18 PM
It's nice that people used clean energy to mine Bitcoin, I guess, but also sad that people keep trying to profit by cheating and using the resources that don't belong to them.
What part of stealing resources is nice? it's not sad man, just pathetic. They only try to gain money by it nothing else. If they really want to use clean energy they can go with wind power or solar power. Create it by themselves and not stealing from the government.

Edit: Curious by clean energy mining that you say I found this article Surprise! Majority of BTC Energy Sourced from Hydro / Wind / Solar
No-no-no, I did not approve of the stealing part. I said it was nice that people used clean energy for mining (so they're being eco-friendly, reducing the carbon footprint and stuff), whereas I am definitely against using the state's resources for personal profits.
I found an article about this case on a local news portal, but now I see that there's information about it in English as well. Some people were using a Nuclear power station to mine Bitcoin in Ukraine. It is likely that the guarding personnel was also involved in the process. The investigation is not over yet. A link to read more: https://bitnewsbot.com/atomic-wealth-cryptocurrency-mining-operation-foiled-at-ukrainian-nuclear-plant-report/.
It's nice that people used clean energy to mine Bitcoin, I guess, but also sad that people keep trying to profit by cheating and using the resources that don't belong to them.

First, nuclear energy is not clean energy. It may have no carbon emission but it is regularly releasing radiation which is toxic. The possible risks to human health and life if a radiation leak occurs from nuclear power plants are very deadly.

This is not the first time I read of an illegally concealed crypto mining. I guess this is brought by the very high cost of crypto mining especially Bitcoin. Some are attracted to it but do not have the means, prompting them to use resources that are not theirs. Let's see how the investigation ends.  
As for everyone who wrote about nuclear energy not being clean:
It's a matter of debate whether the nuclear option is good or bad for the environment, but it seems to be humanity's best shot, something to look at more closely and develop. Because not everything can run on solar or wind energy, some locations require something else. Here's a video about it that I find interesting: https://www.youtube.com/watch?v=poPLSgbSO6k.
The equipment that was confiscated didn’t really seem that great:
Quote
In a raid conducted by the Security Service of Ukraine (SBU) on 10 July, six Radeon RX 470 video cards, four power supplies, three switches, a hard drive, a USB, a motherboard and additional equipment were found in Office No.104 which is located in an administrative wing separate from the main buildings.
See: https://www.hackread.com/arrest-for-crypto-mining-ukraine-nuclear-plant/

The real concern is that of opening a backdoor into the facility that could lead, if exploited, to who knows what. A simple down payment of cash by some crime related thugs could lead to an employee secretly installing some backdoor enabler at some point, and one would expect protocols at nuclear powerstations to be pretty waterproof. It seems not.

Yes, the security risks are very high. It's somewhat good they were just mining Bitcoin, because if they managed to put all of this equipment to the facility, they could probably bring some means of causing a disastrous explosion as well.
6236  Economy / Gambling / Re: 🚀ROCKETPOT.io | NEW BTC Crash Game | Win the Jackpots! | Launch Thread on: August 24, 2019, 05:29:53 PM
I like the low house edge, smooth design and the option of investing in the bankroll. The latter might seem suspicious to potential investors, though, because you're new and it's thus unclear whether you are to be trusted (the provably fair game is one thing, sending out the payments to the winners and to investors is another). There are many websites these days, so you'll face strong competition, but good luck!
I dont think lightning network will be suitable for this site, because it wont help small players at all since the minimum bet is 0.25mBTC = 25k satoshi. http://prntscr.com/owudua
Even if the minimum bet is 25k Satoshi ($2.5 indeed seems too high, but I guess the owners got the message already), Bitcoin Lightning Network is worthy of consideration. Because the withdrawal and deposit Bitcoin fee can be worth a couple of such bets these days... And if the minimum bet is going to be reduced, it will be even more appropriate to think about the LN.
6237  Economy / Gambling / Re: 🚀 Sportsbet.io - Main Club Partner of Watford FC ⚽ Fun. 🏀 Fast. 🎾 Fair. 🏆 on: August 24, 2019, 05:00:50 PM
I am not sure about real intention of that site owners, but just be careful. If that site is a phising site, it is good to not create account on their platform with same email and same password of your account on Sportsbet.io.
SportBet.one - decentralized sports-betting platform
It's never a good idea to use the same password for different accounts, but this website you linked does not seem to pretend it's Sportsbet.io or something like that. It simply looks like a new website where people can bet on sports. Plus they seem to run on smart contracts, so it must be hard if not impossible for this website to scam people. They do have a quite similar dark background on the main page, but the logo's very different. As for the name, I think it's a general problem with casinos these days, it's probably hard to prove (=sue) that the name is unfairly close to the one of the known brand and can be misleading to customers. For instance, there's Bitcasino.io, Bitcoincasino.io, and Bitcoincasino.com with the former being the oldest one on the market if I am not mistaken.
I would choose Sportsbet.io over Sportbet.one, though, because the former has already gained the trust of the community.
6238  Economy / Gambling discussion / Re: What Would you Like to See in a New Casino Site on: August 24, 2019, 04:48:39 PM

These are popular features of current casino platforms. Do you think it's necessary to bring in new features or we should just limit it at these? Innovation is what drives every industry. So, I won't rule out the customer's desires. What are the features you always look out to see in a casino site that you would like to see in a new upcoming ones?

Thanks and feel free to say Hi to me in aanyway you can  Undecided

I think that nowadays there's a range of solid websites that earned the trust of their customers and offer various games, good customer support, promos, etc. However, it's rare to see fancy animation, and I think it really brings something to the overall experience. Another thing is that there's a set of activities most of the websites offer, but it's very limited. Maybe it's because it's difficult to come up with a good way of monetizing other games, but I would like to see something like Monopoly on gambling websites, for instance. I guess it's related to what bill gator said - not only focusing on gamblers but trying to attract the attention of gamers in general.
6239  Economy / Gambling / Re: BTCDice.io - New dice site, fast rolls, instant withdrawals, invest on: August 24, 2019, 04:27:54 PM
The pop-up is a bit annoying, because it's something you instinctively try to close, and there's even no button to close it. Perhaps it would be better if a person saw this window about registration only after trying to bet, not at once. And I guess there should be a button for agreeing to Terms of Service of the website in the registration form. The website's design is plain but nice, I liked it. I was wondering whether you thought about making a small faucet or a welcome bonus for new users since the website is new and something has to encourage to try playing here.
6240  Bitcoin / Bitcoin Discussion / Re: Why hasn't any altcoin replaced bitcoin? on: August 23, 2019, 10:36:52 AM
It's a good question, and I've been asking myself that as well. Honestly, I don't know the answer, and some of the important points were already mentioned by others (such as a small period of time it all exists and way more media coverage for Bitcoin than for anything else). But I'd like to mention two other possible reasons. One of them is that altcoins are not that much of improvement in comparison with Bitcoin to be worthy of taking over the king's place. Another one is while alts can be interesting ideas to offer, the Bitcoin dev team is the strongest, offering the best protection they can, and people thus trust it more than altcoins (which can be great in theory but buggy in practice).
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