You know, terrorist can use anything to fund their activities. We have seen people smuggling diamonds in their rectum to sell on the black market to fund these terrorists. So trying to stop them from using Bitcoin would be like stopping everyone from entering a country with Gold and diamonds in their possession. The terrorists are also using the Internet to spread the word about their activities and also to recruit people for their war. Are you going to shutdown the Internet, because these terrorists are using it for their activities? <Every technology is used for both good and bad things>
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I have seen several Gmail accounts for sale for bitcoin on the DarkNet, so I guess it is not difficult to hack these accounts. Anyone can create some Gmail accounts and say they hacked it, but to link the criminal activities linked to that bought account to your own IP address, might just be stupid. In any way, once you login from a different IP with these accounts, it gets logged and the owner of that account gets a warning send to his 2FA option. The crux of the matter is that centralized services like this are being hacked and you should always enable 2FA options to block people from using it, if you are using it with financial services.
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Never heard about zencart how did you implement it to your webshop?
What CMS you are using is it WordPress?
The website of ZenCart looks dead because I can't access the website: zen-cart.com
Nah, the site is working --> https://www.zen-cart.com/ and it looks like a legit online store management system. Here is the link to the OpenSource code for the software ---> https://github.com/zencart/zencart and also the Wiki explaining it's history ---> https://en.wikipedia.org/wiki/Zen_CartHave you contacted them via the support forum at www.zen-cart.com/forum.php to see if anyone else is struggling with the same thing? Well, that would be a good start, I hope you get it all sorted soon. Also look into the alternative software that were posted in your thread.
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You should know that Facebook would be launching this service on the Facebook platform and not as a separate website, once they do this. So the first indicator for a scam, would be for people to use a external website to advertise this service. It will also be breaking news, once this "currency" is launched and you would see this being published in all the popular media platforms. In my opinion this will never see the light of day, because the US regulators are already trying to stop this. <This all started with the Trump tweets and it will just get worst after that, because the regulators will get their instructions from the top>
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If I was Satoshi Nakamoto I would hack their website and then post a signed message from one of the early Bitcoin addresses that was linked to the real Satoshi and say that this is not a publicity stunt... A media storm will break out and they will go through all that nonsense that Dorian Nakamoto had to go through. <If they want to get publicity, then give it to them and see if they can handle all that heat.> After a week or more, I would once again sign a new message, telling everyone that it was just a lesson to all the people out there, that they should not mess with lies like this, because it might just backfire on you. In future this would create even more confusion on who the real Satoshi Nakamoto might be.
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I think people should not put Bitcoin's use case in a "box" and should rather promote it's multi functionality. Why should Bitcoin only have to be one thing, why not have it do several things? You can use cash as a payment option, but you can also trade cash on Forex as an investment option, so why should Bitcoin be any different that cash or fiat currencies? People use Gold for different things too and nobody is complaining about that, so let's give Bitcoin wings to fly and let it be what people wants it to be.
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There is actually nothing to be saved, because Bitcoin <with SegWit> functions fairly well at the moments. The Lightning Network was built to reduce the load on the Blockchain, by offering a off-chain solution that can handle the micro transactions that are clogging up the Bitcoin network in times of high volume traffic. The supposed scaling problems was made worst by anonymous people deliberately spamming the network in high volume periods, to create the perception that Bitcoin is not scalable, but with SeGwit these attacks decreased... because it is now very expensive to launch these attacks.
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Well, if you consider the fact that no formal institutional capital has officially offered trading platforms for their traders to start buying actual bitcoins, then you can understand that there are still a huge amount of people out there that has not bought bitcoins yet. We eagerly await the SEC's decision on submissions that was done, to allow institutional capital to be invested into Bitcoin. The price volatility would decrease, if bitcoins was distributed to a lot more people, so I hope this will happen in the near future, because price stability is one feature of a mature currency.
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There are several ways of doing this, if you have the original seed that was used to create the wallet. I have to agree with #LoyceV on this one and suggest that you rather buy a new phone with a Andriod OS to restore the wallet, before you f#%%* something up with the other methods and you risk losing all those coins. I see the Source code for that wallet is OpenSource, so that is a good thing. Url: https://github.com/bitcoin-wallet/bitcoin-wallet <People would have checked it for some nasty code.> Remember once your Seed/Private key are out there, then it is considered that it is exploited, so make sure you use a reputable wallet and immediatly transfer those coins to another wallet.
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It is all about the network affect, because Bitcoin has been around a lot longer than most of these Alt coins. They have an advantage of being the first coin on the market and the coin that are the most widely used by customers and merchants. A new Alt coin has to solve a problem or have a unique use case for them to take over from Bitcoin. Coins like Monero and Dash is used more by criminals, because it is more anonymous than Bitcoin for instance. Bitcoin is doing what it needs to do and it is doing it well, so until another coin start doing the same thing a lot better, it would retain market dominance.
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The bigger gaming companies does not want to touch Bitcoin, before it is classified as a currency by more governments. They have to adhere to their local laws and most of the governments does not officially accept Bitcoin as a currency. I have send several emails and posted a lot of request on gaming platforms to accept Bitcoin and the answer is always the same... They cannot accept it, because it is not a recognized currency. The smaller companies have already incorporated Blockchain technologies and Alt coins in their games.
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If you cannot get to people's coins directly, then you target the services they use, because people make mistakes. They also know these gamblers have a lot of money and that they are so preoccupied with their gambling urge that they would not even notice if they use the wrong domain. The gambling sites should take notice about this recent attack on their customers and they should develop additional security features to protect their customers accounts. <Let each user create a database of say 5 words that would be presented to them, when they enter the site and then the user have to type the corresponding words that are paired with those words, before the site grants them access.> So even if the phishing attack was successful, it would not be possible for the attacker to login without this word pairing.
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Every campaign have different campaign managers and different goals for the company that they represent. The main goal of these campaigns are to provide exposure for the company to a wide audience. People posting constructive content will get a lot more views and that is what these companies wants. The campaign managers will look for posters that can provide unique content and also something that would stimulate traffic to their threads and their posts. So, if you provide quality content, you would be rewarded with a good campaign and some decent income for your time and effort that you put in to provide that content.
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This is the price we have to pay for using an immutable technology. Yes, authorities and regulators will have a field day with this and we do not even talk about the media frenzy that would happen, if they get wind of that. If we start cherry picking to remove specific transactions from the Blockchain, then we will destroy one of the "best" features of this technology. I think the best comparison would be to say that people would require shutting down the Internet, because it is being used for illegal activities. You cannot destroy a technology that brings so much positive things to this world, because a small portion of the world are using it for illegal activities. DO NOT throw out the baby with the bath water.
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The MMM Ponzi scheme is one of the largest Ponzi schemes that I know about and in some countries people use Bitcoin to do the payments. A lot of these schemes fail and the immediate backlash is that people are blaming Bitcoin and not the Ponzi scheme for their losses. The media reports all point to a Bitcoin Ponzi scheme, but the fact is that it was only used as a payment option. We have seen this with a lot of Ponzi schemes lately, because Bitcoin transactions is pseudo anonymous and the people behind these bitcoins can quickly move those coins over the border, without some third party getting involved. <Banks can froze accounts, but Bitcoin addresses cannot be frozen>
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~~
Is there really something wrong with this scenario for bitcoin?
Yes, the problem with a "hoard" scenario like this is the following : 1. If everyone hoards their bitcoins and nobody use it, then merchants will stop accept it as a payment option. 2. If merchants stop accepting it, then you will not have places to spend it and that would remove it's functionality as a currency. 3. If everyone hoards their coins, then investors would obviously not have any coins to buy and exchanges would not make any money, so they will close their doors. We should all adopt a strategy where you buy coins and then spend about 20% of those coins to stimulate the Bitcoin network of merchants.
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This is going to cause a lot more confusion, imagine seeing an expensive SamSung television on sale for 1 298 7215 Satoshi. The consumer would look at that price and think he or she is in Zimbabwe or Venezuela, where they have hyperinflation and crazy prices for goods and services. A lot of people in 3rd world countries are not educated and trying to explain to them how much 1 298 7215 Satoshi is, would be a challenge. You will have to use digitized QR codes that constantly change, based on the latest Bitcoin price.
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Ok, when you say big, is that between $1 and $100 000 or more than that. <Do not be specific, just a ball park figure> The reason why I am asking, is that some people think $500 worth of Bitcoin is a lot and when we advice them to buy a hardware wallet to store those bitcoins, then they would think it is too expensive to buy a hardware wallet that might be between $100 to $200. The cheapest option is to create your own Paper wallets and to transfer the coins to those wallets. <If this is a long-term plan> but for the short-term and if you use these coins more frequently, I would suggest buying a Trezor or a Ledger hardware wallet. <coins are more accessible> # Make sure you know how to create a secure Paper wallet, before you go that route.
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We always say predicting the future Bitcoin price is like looking into a fake crystal ball, it is absolutely worthless. A lot of the future predictions is based on thumb sucking statistics and cherry picking some price history and projecting that into the future as if the Bitcoin history has a set price pattern. Yes, we know there are certain predictable events that might push the price upwards and downwards, like the Halving and Black Friday, but the impact is usually hyped, so it is insignificant.
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