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6821  Alternate cryptocurrencies / Altcoin Discussion / Re: Gold backed Tether coming. on: February 01, 2020, 12:22:36 AM
I wouldn't believe that they would really be creating a crypto that is backed by gold. First, USDT, according to Bitfinex, has always been backed by real dollars but no solid proof was ever brought forth to the table confirming its veracity. What more about it being backed by gold? There might be some legitimate cryptocurrencies out there that are being backed by real gold but I do not think that Tether as a stablecoin would be one of them. It could be partly backed by gold for some parts, but for a full 100%? The issuers must have been pretty rich if that's the case.

Perhaps just use stablecoins on trading and do not hold on to them. Easier way to avoid getting duped should they run away with the funds.
6822  Bitcoin / Bitcoin Discussion / Re: Change mainstream media's perception on "Bitcoin being used by thieves" on: January 31, 2020, 11:56:08 PM
We can't, unfortunately.

As long as mainstream media is controlled by people who care less about true journalism and honest-to-goodness reporting, we won't be seeing news that are true and are really happening on some disruptive tech that challenges the current system.

No matter how 'clean' bitcoin becomes, the mainstream media will always tag it as something that is connected with drug dealers, hitmen and other nefarious people. Even if the whole world uses bitcoin in the future, it will always have its tainted history somewhere on a newspaper or an article.
6823  Economy / Gambling discussion / Re: Crypto gambling websites need to add self-control functionality! on: January 31, 2020, 11:47:32 PM
Similar to locking yourself up from your account so you won't have to login and try to gamble or even think about it. I agree on this suggestion though I don't think many gambling operators would take up the pitch to add the functionality within their sites. Unless there will be a law within their country that obligates to do so, this wouldn't see the light of day as who would want to lose profits on their business right?

But yeah, I do hope some implements this kind of thing. It helps chronic gamblers get off the screen and try to live life away from gambling even just for a day or two.
6824  Economy / Economics / Re: Dow Jones Price Drop & The Corona Virus? on: January 31, 2020, 05:34:17 PM
I'm a registered Microbiologist myself, and I'm personally handling the tests on the quarantined patients who are suspected to have the 2019 nCoV-ARD in a hospital in the Metros. The symptoms are basically just like your regular flu, though the R0 value (contagious value) is quite high and exceeded that of SARS-CoV and MERS-CoV (R0 > 2.5). Anyway, just like any other coronavirus known to Man currently, proper sterilization of equipment and tools, plus regular handwashing and water intake can help fight against the virus.

Currently, a vaccine is being created in Australia after they have successfully recreated said virus within their laboratory (kudos to them), and it's only a matter of time before the epidemic is isolated and contained. To my surprise, the Dow Jones is affected quite roughly, and this might be related to the said outbreak since no one wants to deal with China right now. Not even their exports are being accepted anywhere. Then again, things are subsiding and we're off to introducing a cure to those affected by the flu.

This drop in the indices wouldn't last long. People are scared because most are misinformed, so the normal reaction would be hysteria, panic and carelessness.
6825  Economy / Trading Discussion / Re: The 4years Cylce by Bob lukas on: January 30, 2020, 11:59:39 PM
The 4-yr gap between 2013 and 2017 ATH is only for the maximum point of the ATH, and I think this in itself is purely coincidental, unless of course it happens again in 2021. Perhaps this has something to do with the block reward halving since we all know that price movements often happen weeks or months after the block halving took place.

It would be cool to see some really cool figures, and I get where the OP is coming from, but it's too early to state a cycle to be definite especially if it only manifested for two times. 2021 will prove whether the assumption is right or nof. We are in a good month right now so let's see whether this is the start of the said cycle again.
6826  Economy / Gambling discussion / Re: Would you gamble in a league with serious allegations of collusion? on: January 30, 2020, 05:37:56 PM
Odds would be shit and the chances of losing money is very high. I'd say I won't touch any of it unless I have some insider information on what's happening in-between matches. It's pretty hard trying to beat some people of their money who already knows the outcome of the games that would be played, and at that point it's better to just throw your money on dice and hope to win in the process. I've bet on a lot of fixed matches, and right before the line closes, the odds would sway hard on the one that I bet on, ending up on an almost no-profit bet for me..

It's best to stay away on these type of games unless you're an insider IMO.
6827  Other / Meta / Re: theymos could you sticky your intent on the reputation board on: January 30, 2020, 04:48:39 PM
Techshare is a prized cuntsmouth of a troll but I wouldn't tag him for that as he has had many successful trades and can be trusted to do as he says he will, I wouldn't believe a word he posts but I would buy something from him and be secure in the trade. Then you have the likes of TOAA, imagine a shipment going missing from him? fuck that, the total fucknugget would make the whole process so painful, so newer members need to be warned about his general behavior on the forum

Quite an example here, but yeah this is what it really looks like when people try to leave their trust rating into someone. Though on the surface a user might seem to be a troll and just spouting nonsense and making others feel a little uncomfortable at times, IMO that per se isn't sufficient to red-tag that particular person especially if the same person has completed tons of confirmed trades, all of which went smooth and went well. Then again, you'll never know when would a good guy turn into a bad guy, so a neutral rating IMO is okay.

As for theymos having to weigh in his own thoughts into the trust system, it's best to leave it as it is. Even if the guidelines for trust-rating is stickied, I feel that some will ignore it and continue to paint someone's rating red anyway especially if they have some personal issues with the said uaer.
6828  Local / Pilipinas / Re: Students on Bitcoin or Cryptocurrency on: January 30, 2020, 03:32:31 PM
I advise you not to look on monetary gains but to first see the technology embedded within it and how it helps people with ill economies. Alam ko namang maraming usapin tungkol sa bitcoin na nagnibigay ng pera sa mga tao, pero it is the wrong approach na maghanap agad ng profit without even looking with what the tech alone can offer. There are loads of things to do para kumita ng pera if you have the right skill, and that's what you can capitalize tapos humingi ka ng bayad gamit bitcoin. You're young. Alam kong marami ka pang magagawa in the future, and it's a good start na exposed ka na sa disruptive tech kagaya ng bitcoin.
6829  Bitcoin / Bitcoin Discussion / Re: Is it wrong to monetize a bitcoin/cryptocurrency seminar/meeting? on: January 30, 2020, 03:12:53 PM
I would if I were you. You are allotting your time, resources, knowledge and expertise to train them, and that's alone IMO is already a justified reason on asking a small fee. Kind of like a small crash course that some institutions are offering nowadays on different parts of the world. Knowledge is indelible and valuable, and it's not something that one can stumble upon and grasp so easily without having someone to learn from or some resources to use.

I'm pretty sure they'll think of it as something not worth their time but just own it. Show them and make them feel that you know what you're talking about and you're worthy of being compensated into helping them learn new things.
6830  Bitcoin / Bitcoin Discussion / Re: Bitcoin is Set to Become the Next Global Reserve Currency on: January 30, 2020, 02:36:22 PM
The points highlighted as the reasons why bitcoin would be the next global reserve currency isn't enough. Being immune to seizure and censorship wouldn't take the cut; it also has to be fully accepted by a good number of countries as a form of currency in order for it to work, otherwise it's just a stockpile of non-liquid asset that could drastically fall in value overnight.

It's true that the US weaponizes its currency and takes great advantage of it. Then again, it has cemented its title on the global economic scene as the world's reserve currency because US made it so. It just isn't achieved overnight, and the US has to prove that its currency is superior and it has successfully achieved just that. Given the enormous number of places in which the USD is accepted, it will be hard to dethrone it from the spot it currently enjoys.

Bitcoin has a long way to go, and it certainly isn't on the path to become a currency of a nation or a financial tool that will be of great use. This is not to belittle the capabilities of bitcoin but to just tell the truth of what it is vs what it is not.
6831  Bitcoin / Bitcoin Discussion / Re: John McAfee called BITCOIN as a Shitcoin! on: January 29, 2020, 10:39:19 PM
That's what happens when someone isn't getting anything from something that used to make hin money just a few years ago. I'm pretty sure McAfee is paid to say these things on twitter knowing the dude's dealings with other shady coins back then to make a quick buck. He used to be one of bitcoin's greatest defender (and a maximalist too) but then everything shifted when bitcoin's price fell a ton on 2018.

Also, knowing how hurt his ego was when bitcoin never reached his model's projection, John was the laughing stock of the crypto community. Of course, what better ways are there to retaliate than fo defame something that brought you shame right? Just don't bother the man. He's too old for all these things and not making money off of bitcoin anymore.
6832  Economy / Gambling discussion / Re: Fish arcade on: January 29, 2020, 02:18:38 PM
Pretty odd request for a gambling game, plus the fact that a provably-fair system on the spawns of fishes would be quite difficult or challenging to implement. I only see these games on arcades, and I agree that they are entertaining and all but I believe that it is not gambling-material yet as it needs more tweaking in order for it to appeal to the gamblers.

Anyway though, perhaps someone might take the challenge and create their own one. Then again the provably-fair system of such a game would be tricky so don't expect too much for this to come intu fruition.
6833  Economy / Gambling discussion / Re: Quick Survey: why do you specifically use crypto to gambooool ? on: January 29, 2020, 01:46:28 PM
The comfort of not getting 2FA and instant/fast withdrawals always amuse and satisfies me. Plus gambling with crypto comea in with lots and lots of promotions to the degenerate playing unlike traditional online gambling sites out there that doesn't do much to their patrons. Also, anonymous people on crypto games trollboxes are much easier and more entertaining to deal with than the bunch of egoistic scumbags on traditional gamblibg sites. I'm okay with losing as long as I'm still entertained with the interactions I get from my fellow degens.
6834  Economy / Economics / Re: Corona Virus and The Effect on The Markets on: January 29, 2020, 01:28:22 PM
I wouldn't go so far into dragging the markets into an epidemic issue concerning the virus. Stock indices are still doing just fine on my books the last time I checked, and most--if not all--markets are far from the epicenter of the epidemic. Business usual as they say, and we might even be nearing the end of this contagion as Australia have already replicated the 2019 nCoV in a laboratory, meaning we could produce a milder strain to negate the effects of the wild nCoV amongst humans.

Should the epidemic last for a couple more weeks/months, perhaps that's where drastic changes would happen, especially if the cases continues to rise and rise. By then I'm sure major markets would take the hit, but for now I'm pretty confident that the virus isn't affecting any market as of this moment.
6835  Economy / Speculation / Re: Bitcoin is officially about to enter bull market, guys your thoughts... on: January 28, 2020, 08:49:07 PM
Same thughts were expressed a few weeks ago when similar movements weere recorded for bitcoin. I don't want to burst anyone's bubble but it has to be more than just a short stint of price appreciation for us to consider that it is indeed going through a bull market.

We have very loose and vague definitions of the term 'bull market' that we almost always apply it to everything that doesn't need its application, just like the current price movements. It's 2020, and perhaps it's just fitting that we stop exaggerating every little fluctuations the market is having.

Of course, I hope I could be proven wrong and we are indeed n a bull market of indefinite proportions. That would always be nice.
6836  Economy / Economics / Re: Today is the first day of notorious Korea/Japan/China new year on: January 28, 2020, 01:45:06 PM
Or just the lunar new year. It's a festivity they celebrate that uses the stars and other heavenly bodies out there to welcome another year ahead of them. Anyway, many odd things happen during this time, one of which perhaps is the way how the Chinese try to sell goods to you for good luck and the foods they sell to you in order to have good heatlh.

I'm pretty sure by now it has lost it sense to the common Chinese folk, but to the businessmen, it hasn't. Then again with the events prior to the lunar new year of 2020, I don't think there's much happening around considering that the 2019 nCoV is still on the loose in China.

On the plus side, bitcoin has been making gains few days aftee the said event starts. It always has been the case every year but it's somewhat different right now. Less festivities are being held and more is being poured into some other things.
6837  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin a Safe Haven for Your Money? on: January 28, 2020, 09:40:07 AM
This is a no-brainer. Any investment can be a safe haven only during the time of its hype and the craze surrounding it. After everyone shifts their attention into something else, the status of the said investment being a safe haven expires, and the value of it will soon crumble and fall. The article does not describe the intricacies of what a safe haven should be, and alluded only to the thought that bitcoin is the best place to put your money at, period.

Would be lovely to see an unbiased article for once, highlighting the cons and not the pros because the internet has already had enough of that.
6838  Economy / Gambling discussion / Re: Tennis: Australian Open 2020 on: January 27, 2020, 11:12:54 PM
Djokovic and Raonic's classic QF matches. This is one of the matches I'm looking forward to see as always because it seems that each one of these players already know how does the other one play given the countless times they have faced each other. Like those anime tennis games wherein the player can read the other player's minds, resulting into an endless rally until one gets the opening to score.
6839  Economy / Gambling discussion / Re: How often do you gamble? on: January 27, 2020, 09:25:54 PM
I usually dip into dice every now and then, especially if there are nospecial cases to review or not much happening around my business. Saturdays is usually my off time and my time to relax and enjoy. I play dice for the fun and thrill for about an hour or so before moving on to some other things. And I no longer play huge amounts like what I did before. Just enough to make me enjoy an hour or so of wasting money in the site.

I'm glad I didn't turn out to be a chronic gambler. I'm pretty sure I'm on my way there a few years back but that one jackpot saved me from it all.
6840  Bitcoin / Bitcoin Discussion / Re: Bitcoin transaction dispute on: January 27, 2020, 08:37:24 PM
Check with your client whether he dealt with Bitcoin or Bitcoin Cash.

It's obvious if he meant bitcoin cash, he wouldn't receive it since you sent bitcoin in it. No matter how much you try to appease the customer and assure him that it was sent, if he used the wrong address or the wrong crypto even, it's no longer your fault.

There are cases in which people still don't know whether they have BCH or BTC address.
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