why many of so-called blockchain projects these days are scammers, is this was motive behind the technology? many real investors are not confident to participate due to fake blockchain projects all over the internet.
what are your views
I'd argue the completely different thing, have you seen what China has been doing with their blockchain technology. If that's not innovation, I don't know what is - even if I would disagree with some of their values, I can still respect it. A lot of industries have used blockchain technology to a new level and have been able to utilize it in amazing ways, industries like the mining sector, the food sector, hospitality, retail, etc, have all started incorporating blockchain technology. Whenever something new releases, obviously there are going to be scams, we can't do much against it though... |
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ok firstly most pools do 'first seen' and then ignore other transactions. this is why CPFP was invented to have a child transaction that spends it. thus making the linked parent be required,
what then happens is that you get a chain of transactions
which instead of RBF
1abc (10btc) -> 1bcd (9.99999900) (on person)
1abc (10btc) -> 1ghi (9.99999800) (competing person)
becomes CPFP
1abc (10btc) -> 1bcd (9.99999900) (one person)
1bcd(9.99999900) -> 1cde (9.99999700) (same person)
1cde (9.99999700) -> 1def (9.99999600) (same person)
where they try as fast as they can to make spending transactions hoping to get one tx more than a competitor to then get the confirm
ofcourse this can go on forever or until the guy sees the first transaction confirms then he know the funds are safe in his posession
This does make sense, great explanation. Another thought popped into my mind though. Would bitcoin transactions get all simulations processed when a block gets mined (eg, block XXXX gets mined, and at the same time 50,000 transactions get processed since they are included in the block), or would there be a delay in processing transactions with the block (a block processes but some transactions get processed faster than the other ones). If it's simultaneous, wouldn't the first person who sent the transaction, as long as it's involved in the block, it'll be processed first, yeah? |
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Gaming + Gambling. That's always fun, haha.
Is this going to be related to a system where it's like the old CSGO gambling sites (lottery, roulette, coin flips), or is going to be a completely different game - based on those 2 ideas.
There's a lot of RNG in WOW from my experience, for stuff like that, you could easily add a monetary aspect and then you'll be able to make it more gambling focused. Just play through the game and you'll get what I am thinking.
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Hey.. This is something kind of new - I think most of the bitcoin community has looked at quantum computing technology with a feeling of contempt and dismissal, they don't really seem to be caring about it since it's quite a long time away, and if it was actually invented, getting private keys hacked would be the least of our concerns.
Using QC tech for good might have an interesting factor though. Could possibly accelerate mining and make transactions even faster with just a fairly decent sized PC compared to a huge mining rig.
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It really depends on whoever is willing to get the less amount of profit. All of these games are based on greed, and whoever is the least greediest ends up winning.
Imaging someone who only opts for 1BTC and puts 9 BTC as a transaction fee, you could do an RBF there and go for 0.1 BTC and a 9.9BTC fee which would be nuts.
People who know miners and can get them to include their transaction in the pool would also be at an advantage, they might get away with 9.9 BTC.
Interesting post mate.
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-snip-
BTC Address W (mine, not anonym) -> BTC Address X (controlled by Morpthoken service, converts to XMR. this is input address for conversion)XMR Address A (controlled by Morphtoken, output address) -> XMR Address B (mine) -> XMR Address C (controlled by XMR.to service, converts to BTC. this is input address for conversion)BTC Address Y (controlled by XMR.to service, output address) -> BTC Address Z (mine, anonym) -> BTC Address V (merchant)
-snip -
What do you think of this anonymity/privacy plan? I think it is far more recommended than using any BTC mixing service (many are proven to be unsecure).
So much for trying to be anonymous. If i may ask, what is the purpose of going through all this trouble by carrying out the steps you have mentioned above? Is it an attempt to cover up the tinted BTC First the different swappings are going to cost you lots of funds in terms service fees, slippage fees, tx fees between the different addresses. Honestly if i did nothing bad with my bitcoins, i don't think it's necessary to go through all that processes of trying to hide my transaction trail. Bitcoin mixers or coin swap services are more than enough. I reckon it'll likely just him trying to hide where his bitcoin is from, and also from what addresses/how much BTC he might have. If you're going through all the hassle to exchange bitcoin to XMR, it could likely work with any coin. ETH, XRP, they would all be extremely hard to track unless the exchange or mixer gives up your details, otherwise, you should be fine. There might be something perfect for this - have you seen privcoin? They do multicurrency mixing (deposit BTC, get ETH, etc). |
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When we hear about Africa most of us assume about the poverty or unemployment but honestly the kind of natural minerals they reserve they could be one of the richest nation but the problem over there is that neither government nor the citizens get benefited by their natural reserves due to warlords occupying it but do you think if government takes stern step and utilize the resource in the appropriate way and accepts bitcoin as a payment mode for exports then Africa can bloom again and this will help bitcoin if those products can be purchased using bitcoin so it will increase the trade which will benefit them in their GDP and will increase the demand for bitcoin thus triggering the price pump.
It's a country with huge amounts of potential, and they definitely have a shit-ton of natural resources, and we can see them living up to their potential in recent years, due to the constant growth in GDP. Even though Africa has one of the biggest populations, and has a lot of people in it using BTC as a payment option and storage of value, their biggest problem would be infrastructure. It's being conquered by the companies working there, and the government haven't really been of much help and haven't really been able to help people there - mostly relying on governments. |
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How have they been studying it for 6 years?
Bitcoin is 10 years old itself, are they saying they have been working on this since 2013? I mean it is quite possible but do you really want us to believe that China has been studying crypto for 6 years and still scared of it instead of having billions of it.
During 2012-2014 was when most countries started to pick up on bitcoin as a currency, it was when it first got some mentions on news sites, got integrated on some online sites and was actually worth something, I'm assuming during that time was when it was noticed by governments and kept a close eye on. Looks like China are early adopters  If a whole nation had the chance to buy half of all the bitcoins because they think it is awesome (they must have since they made their own now) and they didn't buy it, it makes no sense.
Don't think China was ever interested in Bitcoin, more the tech behind it - they hate decentralization. I feel like they have been working on this since Libra deal so that when people start sending money via whatsapp or whatever they would have the same thing in their country which would make Chinese not need Libra and not use it and not make other countries money by way of paying fees.
Is it me or does Libra's downfall, and a week later China releases their own crypto-currency feel like strategic timing..? |
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at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
share your opinions.
Blockchain is loved because it provides a way for advanced countries like China, America, Australia, Japan, and other really advanced countries to be able to move their financial systems forward into a system that is even easier to trace, and is just better then our current one. Bitcoin is hated because it uses blockchain technology - but Satoshi also added a spice of decentralization which means no government will be able to control it fully (unless they own so much BTC they can market manipulate), and that's one of the main reasons why it'll be hard for the state to be accepted as a currency. If your talking about hard forks, for separation, it could happen, but it wouldn't be bitcoin anymore - BTC without decentralization would be weird... |
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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
Not sure about 1 - it might depend on everyone, more a mentality thing. I personally like to only trade once I have all the facts, which means I need to know everything about that coin before making a move in the market. As for the other tips, I agree - it's all mentality issues that stem from the trader being greedy, and as stupid as this may sound, just don't worry money that much. Be happy with your earnings and don't spend too much time being obsessed with crypto news, and charts and you feel like you must invest more, and spend more time making more money. Be happy. |
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Price manipulation happens in all investments though, just because crypto-currencies are a new decentralized version of money, doesn't mean the market is regulated enough to stop this.
Insider trading and price manipulations, as well as dumping share purposely, etc, all occur in the real stock market. Market manipulation from whales happens in the crypto market, so both sides have ways to change the market.
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Had a lot of fun experimenting with crypto-currency as my sole payment method for a week, most of my funds went into getting cheap gift cards and then using it around my local store, it was pretty limiting and I wouldn't recommend though.
As for my most spending, I've just been keeping crypto-currencies as an investment option, and I've been trading altcoins and BTC/fiat for a couple years now and have a plan to cash out everything during 2020.
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It's a pretty well-written article, to be honest.
I'm not sure if stablecoins are better then decentralized coins though (for the general public), it's basically copy-pasting our current financial system into a blockchain-based system, and it's nothing surprising or new.
These threats that are displayed by them, are the same threats that regular fiat currency has - because it is still very similar to it, I reckon the meeting is just going to be them trying to control the coins.
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Let's divide the discussion into two parts (the first relates to Bitcoin as a network and the second as a currency):
Good idea. I'm pretty sure a national economic crisis highlights fiat's limitations, not Bitcoin.
I mean sure, Bitcoin has limitations -- but what would you like to compare it to?
1. Gold? Sure, try storing gold and see if people don't start robbing you.
2. Fiat? Try see how much your fiat buys you today, tomorrow, and next week.
3. One of those altcoins purporting to support broken economies like Dash? What happens when the devs and companies stop marketing it?
I never agreed economic crises would push Bitcoin to the fore anyway. People need to eat when money's an issue. Not buy Bitcoin.
But Bitcoin certainly provides avenues for transfers, for independence, for storing value securely. It's not pretended to be much more than that.
I've never liked it when people would look at financial crises and then directly relate them to crypto-currency as if they were able to fix them. Crypto-currency has only ever been a secondary payment method and a possible storage tool for capital, but if the market eventually goes to shit, people are going to be looking at getting the essentials, not buying BTC, and we'll likely see a BTC crash since a lot of the users would be cashing out for the essentials, not keeping their money in a speculative currency - although this is a pretty extreme example of a market crash. If a country has problems with banks, people start switching to cash. So, unless there's some hyperinflation going on, cash is better than Bitcoin, since you don't need electricity and internet connection to use it, and it's already widespread. Bitcoin could be useful for international transactions in those countries, but majority of people don't need them. It [bitcoin] could help them, perhaps, if they were sitting at home with 24 hours worth of electricity and internet, and they could work online to get paid for their online work.
I've recently made a thread about how hard it is to find online work that pays in Bitcoin. This is also pretty true in most advanced currencies, a lot of the people in struggling economies are known to keep a large amount of cash to spend and use in the case. |
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It depends if your thinking long-term, or if you actually want to be able to take the money out and be possibly be using it within a couple of hours.
If you want to hold USD, I would recommend transferwise, I have an account there and it's very easy to just deposit funds, and then transfer them into another currency and hold it there - as well as receive transactions from overseas.
For bitcoin, use LBC. Spreads might be a bit worse, and you might even need to verify your ID (not sure about the new rules), but that's usually the safest bet, picking an OTC option. Good luck mate.
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Out of gazillion possible names, they chose DCEP. Never imagined I'd say this but Intel Core naming was much better. Apparently, we are talking about the same stable coin, but for some reason with a different name.
Different name with more or less the same purpose. It's the same state-controlled, centralized, not sound money. To be fair though, DCEP is fairly easy to pronounce for most people and it's a fairly memorable name, but not sure why it's standing for "digital currency electronic payment" which just sounds like a pile of random words. Still better then the random names from intel though, lol. Has anyone actually taken a look at what the coin looks to solve/work with? From the tweet, it looks like At the same time, DCEP can achieve real-time collection of data related to money creation, bookkeeping, etc, providing useful reference for the provision of money and the implementation of monetary policies. This is actually pretty interesting - but how? How is a digital currency going to help in aspects of monetary policy? Will there be a remote control that the Chinese government can hit and it just adds a couple of new rules to the coin, doesn't like something that would be very welcome then. |
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Might be a bad timing for Chinese companies in particular to go public in the United States especially when there is a silent trade war going on with both countries. They are not even a public company in their own company yet and they still strive to go public in a foreign country where they are enemies with. I know that ones filed with their attractive IPO they'll get those US investors' money pouring in but the question is will the US SEC let them to do so? They might have a slim chance on this one but I won't get my hopes up especially when this news about an IPO started in February this year.
Good point, but perhaps Canaan wanted to be the first and is willing to take the risk to bring their IPO stateside so maybe, just maybe they could end up successful in the long run. The ball is now on the SEC, they have filed all the necessary documents all they can do it wait. Of course upon approval this can really put a lot of positive vibes in the market and competitions between Bitmain and Canaan will go on the next level. Speaking of Bitmain though, ( https://www.coindesk.com/bitmain-turmoil-co-founder-and-director-micree-zhan-ousted-from-management) It's a very, very risky move for sure. Another massive Chinese mining company, that wants to IPO in the US and get American money to build another mining facility and then take up more of the hash rate? I can't really see the SEC or the government letting them do something like this, especially with all the tension and how much China is already dominating.
Not the first one though, I remember that Bitmain has filed an IPO way back last year on the Hong Kong Stock Exchange but their application expired in March 2018 (and I think this contributes to Jihan leaving Bitmain) and then filed on US soil this June 2019.
However, Canaan, obviously a competitor has change the landscape again, so it's going to be interesting as to who's going to win in this race, the stakes are high here, and I do hope that it will bring a positive effect on the market.
I remember that Bitmain made a lot of buzz and splash with its IPO months ago. This time around, it is the turn of Canaan to offer its shares to the public. One of the subtle benefits with this is the sentiment that Bitcoin mining must be still a very bright industry with some more potential to exploit and of course, big money to be made. We don't know, however, how the marketplace will be receiving the Canaan IPO. I also notice there are are big news relative to Bitcoin mining these past many days. And this is happening just as the Bitcoin community is awaiting for the coming rewards halving in 2020. May I ask people here: Given the chance to buy some Canaan shares, would you do it and why? Bitmain's IPO was huge as well, and I don't feel like it'll be better then this one if it goes through, I feel like Chinese investors are just waiting for one of their own projects to dump money in and this really looks like it. |
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Possibly. There are 2 sides you can look at here.
1 side is that you can see Facebook, a company that would track user data and then sells it to advertisers, is finally getting their just desserts and their reputation has finally affected one of their business ventures.
The other side, it was a genuinely decent attempt at a crypto-currency and actually took a lot of inspiration of bitcoin and made it into something even more interesting for the finance world, and it's one of the first coins a big company has made, and it's pretty saddening to see it basically get shut down.
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If people need less cash to pay for stuff, why do they want to hold so much of it? The answer, it seems, is that they’re turning to currency as a store of value. Cash as a store of value? I suppose if you were to hold it for less than a year it wouldn't lose *that* much value, but inflation will still work its black magic and eat away at that cash's purchasing power. That doesn't sound like a great store of value to me. I reckon it's more of a dodgy way of holding money, especially if you don't trust the banks, and a lot of people run day to day businesses where your getting a lot of cash and holding it is better then declaring your entire income and getting taxed. A lot of people keep some 100 dollar bill rolls in their house for emergencies, and the P2P market is constantly growing and cash is amazing for real life trades on it. Paper crypto-currencies sound like an interesting concept. Something that could be held like cash in person, but could also be redeemed for value and wouldn't be traceable and be safe to use - sounds very high tech and the perfect tool for illegal stuff though... |
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