They're forced to use it even if they don't want to. Imagine having your own currency shitting the bed and you have a president that wants to push his delusions further into everyone's throats and make use of it in all transactions exclusively. With the blackouts happening more often than ever on the said country, I don't think digital cash or cryptocurrencies would thrive in the situation, especially not in cases where power is unavailable.

There will come a time when President Maduro would order the halt of USD transactions and order people to only use the Petro dollar--or I believe it is happening as of this very moment--in his false hopes that it will salvage their economy. It is beyond repair, and the conditions are only worsening every time. If there's anything that can help it, it would be to cling into an outside economy, though I doubt anyone would every want to help Venezuela at this point in time.

Maduro and his advisers seem to not think the weight of their actions before fully implementing it. Petro is the poorest attempt to bail the country out of its sorry state, and has no real positive impacts on their worsening economy and it shows. Sooner or later, these casinos would only want to accept the US dollar or bitcoin for their games, as the Venezuelan bolivar continues to worsen, plus the Petro dollar they have introduced isn't really backed by anything apart from the word of the President that it's as good as cash.

The woes of Venezuela will never ease if no real solution is being implemented that is feasible and doable with their means, without being hostage to another country because these country has helped them.

The gold bull which, for years has been trying to defame bitcoin for all his nonsense is back at it again. This time, to pinpoint a flaw that really isn't a problem at all: memory retention (of the user). He stated on his tweet that his wallet forgot his password. The greatest question here is how could a wallet whose purpose is to store tons and tons of data be 'forgetful' in a single occasion?

Either way, I'm keen to know how much bitcoins he lost in the process. Also it's kind of hypocrytical for someone to keep some coins on his own safe all the while preaching negativity about the tech and its effects on the economy.

I wonder what nonsense would the guy blabber in his next misadventures with bitcoin ans crypto in general. It's getting old now tbh

Laging nagpapadala ng letter of consent/authorization ang isang banking entity bago nito galawin ang funds ng kanyang mga user. Else, subject sa legal consequences ang banking entity na ito sapagkat ito ay isa na mismong akto ng pagnanakaw sa hindi niya pera. Marahil nga e nakasubscribe ka, o nag-pledge ka without knowing at humihingi na lang ng request yung mismong charity sa iyong bank account ng payment every month. Pero no, knowing UNICEF wala naman silang ganon, at hindi rin sila namimilit manguha ng donation sa mga tao.

Better check with your bank kung ganyan. Maling pamamalakd na kuhaan ka ng pera ng bangko mo nang hindi mo alam.

It depends on where you operate. If your country recognizes ERC-20 tokens as a form of money then you may be subject to other regulations involving the issuance of such tokens for the purpose to be used as an in-game currency to buy goods. It doesn't matter if it came from your test network or from the main chain since it still falls under the 'currency/financial tool' category nonetheless. And I believe that testnet coins shouldn't be used for this form of activity since a testnet coin can be spec'd and modified anytime depending on whether or not the developer wants it to be.

And as per usual, at best seek legal advice from your legal adviser, an attorney or a legal practitioner for better understanding of what you want to achieve. Do not take any advice you take on this forum seriously as obviously, we all live in different regions that fall under different jurisdictions and interpretation of what seems to be the same law at its core.

I really wish they did as well. There's just too much knowledge to be had in this case that could potentially change the landscape for future cases such as this. I guess Coinbase only did it for the money without even thinking of the possible legal implications of their actions.

Pretty sure they did, just not sure whether they would turn down the money or risk the possible legal implications.


Why would an exchange like Coinbase operate as if they don't know the protocol and proper procedures for AML/KYC? Guess as long as you have the weight and you have the proper connections and exposure the crypto market, KYC/AML regulations wouldn't matter much to you, or you wouldn't be subject to thorough investigation/checks like they do on the normal traders.

And the volume speaks for itself, too, just like what the plaintiffs' notion to the case is. At the least, it should have rang the bells a little for Coinbase.


Up to now, QuadrigaCX's case is still pretty vague and quite sketchy to me. Why would those accounts even exist on Kraken and whoever did that must have had a time machine to know that the CEO who holds the funds would die, and would die of a disease WHICH ISN'T EVEN TERMINAL. I guess that's a different case with pretty interesting points to consider IMO.

May mga ganyan ring narereceive na text ang co-worker ko sa lab. Since alam niyang medyo may kaalaman ako sa mga gantong bagay e ipinakonsulta niya sa akin at napag-alaman na talagang phishing link nga ito. That's why nirecommend namin sa coins.ph na maglabas ng active reminder sa apps regarding dito dahil nga malamang e marami ang mabiktima ng phishing link at tuluyang mawalan ng pera ang mga tao. Kadalasan eh shortened URL pa nga ang gamit ng mga taong ito para madaling ma-mask o mai-hide ang phishing attempt.

Mayroong mga legitimate na loan apps sa Playstore na nagsesend ng notification message at payment request sa coins.ph. IMO, sila ang mga legitimate at trusted loaning apps since dun mismo sila sa official coins.ph app nanghihingi ng bayad at hindi nagsesend ng link to settle the amount loaned.

Won a couple grand against my mate on that fight. Didn't even last for a full minute and my mate was properly pissed. Cowboy bloodied his nose at the second shoulder and the camera can't even keep up. I know Cowboy is tough as nails and hardened with 50 or so fights in the MMA but Conor just proved to be the superior fighter tonight. Awful display of defense from Cowboy and an exemplary aggressive display of skills by Conor.

It's a nice payday today. I never really liked McGregor after his stints pre-Khabib fight but I believed that the man wanted to redeem himself as a prized fighter and tonight he proved us just that.

Cashback? These type of promotions are only done by new gambling sites that don't even last. Also, referring yourself on gambling sites is actually a dick move, that's why they don't allow multiple accounts for a single user. Affiliate programs work okay and is actually paying good, and I don't see any abuse in that for as long as you invite genuine players. Most of these affiliate programs reward the referrer whenever their referrals make a certain amount of deposit, so there really is no way to game that kind of system IMO.

Saying that 67.8% of micro-businesses don't know about bitcoin without mentioning that the sampled survey is only in a single country means that this study is somewhat flawed or the article is click-baiting. While the number seem to be so high at first, it's worth mentioning that people still know something about bitcoin, and it's enough for a start. Businesses shouldn't take immediate risks without fully assessing their moves, hence it's just their heads working when they don't accept bitcoin immediately. Besides, bitcoin cannot cover operating costs and supplies at all times, and for most of these transactions, cash is still king.

Recognizing bitcoin and crypto exists is already a good start. Accepting and integrating it within these businesses is far better, but do consider that these are businesses that needs to thrive and make profit.

Ahh, lovely news. CSW likes to boast his alpha status to everyone and claims to be Satoshi then this happens. Everything is falling apaart on his circle of lies as expected. There literally is no way the guy is winning this case. Heck, even the Judge doesn't care and throws the case over to a different jurisdiction, much to everyone's satifaction. This is just the start, and perhaps the next big flop of his lies will be against the Kleiman estate.

Seriously, it's funny to see the con-man getting conned due to his own actions. Kudos to hodlonaut for standing ground against this persom who thinks he can bull anyone who goes against his delusions.

Hah! The bloke is delusional. I don't even think if Manny would really accept the fight even if it will rake in millions into his pocket again. McGregor has long been a washed-up dude after his defeat with Khabib. Things aren't just the same after that submission. I would rather believe a Khabib b McGregor rematch rather than Pacquiao v McGregor. The odds for this coming to fruition is ultimately low..

And even if this happens, the odds for the fight would be utterly one-sided, so I don't think anyone would be interested in betting on this fight. But yeah, we know how fight promoters work: they follow where the money is, and could care less about the honor of the fighters as long as they make millions.

Bluetooth pairing is somewhat old tech when it comes to security standards IMO. It's easy to intercept and easy to hijack. There were quite a few bluetooth-capable wallet that was introduced in the past IIRC, although these projects didn't last given the susceptibility of the incorporated tech to hacks and hijacks. Even with today's bluetooth 5.0, security still isn't a main focus and they really tweaked more on energy utilization and data transfers.

I'd be quite surprised to see whether a Bluetooth-enabled crypto wallet would be recommended by developers. It might be feasible and practical on instant transfers though again, the security is quite scary.

It's mainly because of the hype generated by giant companies and institution about the word and the tech itself. Entities thought that integrating blockchain within their systems could be beneficial and will put them ahead of their competitors when in fact, it doesn't.

Also, companies are trying to get the top blockchain engineers to exploit the fact that these guys aren't that easy to find right now, and if they ever got a hold of one, they can invent some pretty awesome things and get a patent of it and make money from it. That's why for software engineers, it's never too late to learn a new skill and take advantage of this small market. Blockchain courses are out and about and only charges the students for a small fee.

That was what I thought I could do in the long run since I hit a quite sizable jackpot a few years back. Well it did change my life quite a lot since I've used the money on more sensible things. I gambled still and chased another jackpot until I realized that it just isn't working anymore.

I tried other gambling strategies and entered sports betting. It was quite an amusing stint in my degenerate life but again, I realized that I'm better off keeping a steady grind than chasing big wins. I managed to get off of the 'dream' and started investing, which, thankfully pays off now.

I'm pretty sure some other lads out here are still chasing that big one. And believe me, oncr you hit that jackpot once, you'll convince yourself you can hit the next until you lose your money and be haunted by regrets.

it's only us who can answer that, I'm afraid. Even if you consult your psychologist about the matter, if you want to gamble, you would still gamble and no one will ever stop you, not even the lack of funds on your pockets. The only thing you can do to stop going the route of a complete degenerate is to distance yourself from gambling houses/games and resist the urge of playing. Do not satisfy your thoughts of 'getting lucky' or you will lose your money in the long run. As most addicts do, you can't do it in a full stop, so it's understandable that you will still gamble no matter what, but try to do it less frequently and you'd be surprised about the results after a few months.

As you know, shallow people talk about prices; smart people talk about value. There's a fine line between price and value that people always cross when stating why bitcoin should improve.


Except that it doesn't work that way, unfortunately--at least on our current times that is. Most merchants and consumers still look at the fiat price of anything that they want, and your 1BTC = 1BTC motto wouldn't do much to sway their decisions on your liking. We're still far from a society/economy wherein USD is overthrown, and if it was overthrown, the likes of CNY, Euro and other currencies out there might just replace it, but I doubt it'll happen sooner.


Remember that you are in a bitcoin forum where 1BTC = 1BTC mentality can and will always work. But apart from that reasoning, the reason why theymos maintained the 50BTC price for these fancy donator perks and status symbol simply because it is to preserve the integrity of that member rank. You wanna have it? Pay for the same price the ones before you paid for and you'll get it.


Yes, 8000x more valuable than the USD, but is susceptible to massive volatility and rapid price changes without any notice. That's why merchants are staying the hell away from it. Due to its insane volatility, it makes it hard for them to track profit/losses, and if they ever use a third-party service like Bitpay and the likes, their profits would be reduced even further.

---

I'd also love to see an economy thriving out of bitcoin and/or other cryptocurrency but the problem is, the minds of the people are still glued to the notion that the USD is superior and the rest of the currencies are irrelevant, that's why we use USD as the standard means of exchange around the world when clearly, any currency existing currently can pretty much do the same.

Inflation coupled with bad Fed decisions and constant blabbering of the POTUS which, in turn, scares away potential investments in the US. The USD weakening as a result of inflation alone has been a cliche in the financial world for what, a decade now? The Fed is brewing up perhaps the nastiest collapse of contemporary times, and it's not just solely because of unchecked inflation that's for damn sure.


It's always about the democrats and the republicans, not so much about the Americans who are always getting squeezed with these economic pressure whenever the high seat on the table is replaced. The friends of the current administration would always get the best privilege it does not deserve to work on the American soil with the best conditions possible. That's what's happening in the US and that's also what's happening in most parts of the world.

Politics will never get macroeconomics right as long as the interests of those who are seated are focused on their own coffers and not for the people.


Yep, people have been fond of Canada for quite some time now even though the economy of the said country isn't doing well compared to the US. While I agree that the opportunities you can find in the States is far better than most places in the world right now, it's just that the work culture plus the ethics of some of the employers are kinda off. They give the jobs to the Americans, even though other people from other countries have the better skills, experience and work ethic.


It's because the Japs know where to allocate the money, not unlike the US who have been spending the majority of theirs in strengthening their defense systems, hoping that they can bully little nations for profit.


Yes, but they continue to be the world's largest country in terms of economic output and throughput given their capability to produce goods much faster than the demand.


Easily because of its colorful history and the number of countries that are dependent from it, but from an economic standpoint, the world will surely shift to a different currency if all of these time-bombs are left unchecked. The clock is ticking, and it's ticking real fast.

Nah. Australians are still a bit way off the grid for bitcoin and crypto adoption. More likely that they are just going to use credit and debit cards at their disposal in order to pay for the goods and services that they are buying. This is just another article highlighting another hypothetical scenario and not actually discussing what actual events are happening and could happen within the region. And for one, who would in their sane minds carry out 10 grand of cash in them and just buying their groceries? With the way I see it, people hardly use any cash at all with their transactions on stores and shops--perhaps with the exception of a few developing countries, but even those are catching up.

We would likely see the development of online payment systems/services first more than cryptocurrencies. The latter is still seen as an obscure payment tool for the majority of people.

In the event that even one of those addresses stood up and came with a signed message, it would be fun to see what would Craig's reaction would be and how would he plan his cover-up. It's a great event to speculate on, moreso the fact that that would most certainly dig his own grave once and for all.


Knowing that most of the known early adopters have shifted interest, gone missing or have died ever since, anyone can claim that they have participated in the earliest mining days of bitcoin and come up with a multitude of excuses to not sign a message from an address which received the earliest known bitcoin rewards in existence. I'm pretty sure cryptographic proof is not enough for most of us here whose eyes and ears are on the case, but by providing one address for initial 'proof' can actually be substantial in gaining the trust of the community. After all, cryptographic proof can't be altered and cheated on unless of course if the address/private key has been obtained by physical means--and by that I mean violence.


It'll be extended for a few months more, trust me. CSW has been the master of his own craft: delaying tactics for what, a year or so now?