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741  Bitcoin / Bitcoin Discussion / Re: Your keys, your bitcoin? on: August 31, 2020, 06:39:28 PM

Should the California court provide a thread in bitcointalk forum where people can provide their BTC address and sign a message?  Grin

The court will probably just assume they both own the coins unless one of them can prove whether one stole the keys from the other. This is going to be hard. If they can both agree to flip a coin to resolve the issue, the easier for the court to settle.
742  Economy / Gambling discussion / Re: COCK FIGHTING: COVID-19 health protocols violators, caught on: August 31, 2020, 06:20:28 PM
The problem with scenarios like this is that the police are also part of these gambling community. Sabungeros knew each other within a specific city, all the cockfight bettors knew each other even the police that goes there in the area. It's a small community that keeps the communication, they even travel together to visit a small town derby. It will be a pain in the ass for local authorities who are also sabungeros.

Those who violated the protocols could be detained and issue penalty but it boils down to whether there is something to gain really.  They'd spend a week to squeeze $10 from each of them but will they be willing to put a crowd the tiny jailhouse. If authorities detain a big fish, they'd be in trouble too.
743  Alternate cryptocurrencies / Altcoin Discussion / Re: Is DeFi hype the same as ICO hype in 2017? on: August 31, 2020, 04:45:05 PM


I believe in blockchain technology, decentralization and decentralized applications and finance, but I'm extremely cautious about any hype, because when a hype runs out, some projects will close instantly and it's impossible to guess in advance whether you chose the right one. What do you think about DeFi? DApps are already proven themselves, will DeFi prove themselves too? Share your thoughts below

It takes some time before we know this but we old members are matured enough to know the difference, ICO is a form of crowdfunding while DeFi are governed by lines of codes and smart contract, I don't see the similarity at all, ICO  'is as is" they ask for our money so they can set up their platform, while DeFi is an interaction of smart contract, DeFi is evolving and I'm confident it will remain for more years, while ICO will be a thing of the past.

They were just comparing how the ICO kick start the rally and the DEFI which also started  the rally.  

What is unfortunate to this defi hype though is that there are altcoins that aren't climbing up. Unlike in the time of ICO where all projects are experiencing the bullrun together, nothing is left behind. This time, the ones you are holding back in 2017 are just staying as it is while the YFI is almost about to cross $40K. Projects UMA that you didn't even heard suddenly outrank the ones on top.  Cheesy



744  Alternate cryptocurrencies / Altcoin Discussion / Re: Yearn.Finance (YFI) hits $28k on: August 31, 2020, 04:18:29 PM
Just finished writing a post on someone else's thread about it:

They were smart enough to set their supply to way fewer coins than most cryptos, and that attracted a lot of attention from everyone. If you were to multiply the 30k supply by 700 times (to get to BTC's max supply) and then divide the current price (~$29k) by 700, at Bitcoin's supply it'd be worth $41.5 right now. It's a very very vague calculus but I'm only considering the supply & price/coin.

In other words, it may be more expensive than Bitcoin but do people really not care about anything else besides price at this point?

As you are a Newbie, I would highly recommend you not to jump straight into the pumped coins if you're contemplating to. YFI may be $100k in a week or .. $1k. Volatility is a thing. You just don't know, and the timing is imo very risky right now. It's been a long time already since it's been very bullish. Coins that have really hard pumps usually have a period where the hype bursts out, and the price almost always follows. Therefore, just be careful when investing and make sure you don't get yourself screwed up by false hopes. Smiley

I strongly support this. Honestly, there is a kind of manipulations with this YFI.  A friend of mine called my attention to this some days ago, he said I should invest in it.  I was still weighing my option of doing that or not.  I just don't want to be a victim when the whole thing burst all of a sudden.

I actually tried to swap some USDT to experiment with the yearn.finance yesterday but I'm not sure what to do after going into their yearn website. I don;t know what to do. The hype is yet not over though so I might just buy a fraction of it jsut to try if I can profit. It grew so fast it coul double the value by next month.

Somebody must have figure how to confuse investor now which one should they be going wether to BTC or Defi project.  Grin


745  Bitcoin / Bitcoin Discussion / Re: The Truth About Bitcoin's Green New Deal. on: August 31, 2020, 03:27:36 PM

Thats none of their business because the miners, after all, are paying for the energy they spend mining BTC.  
I doubt there will be a meeting in the middle voluntarily. A miner who have built their farm and spends millions for it would need to profit as they are running a business. But it looks like this article is for the BitOoda and FTX funded deals for the new banking terms.
746  Economy / Trading Discussion / Re: Outrageous trading fees, should I switch to stocks? on: August 30, 2020, 04:38:36 PM

Since you already had bought BTC, you might as well try finding ways to make profit out of it. Don't insist on your local currency, it isn't sure if there will be trading volume to BTC/KWD if Binance adds it. But the trading happens on BTC/USDT that's where you can make money.  Trading fees in Binance is the cheapest compare to other exchanges known to mankind but this is if you are willing to submit KYC. 

747  Alternate cryptocurrencies / Altcoin Discussion / Re: Yearn.Finance (YFI) hits $28k on: August 30, 2020, 03:29:58 PM


According to cointelegraph
Code:
https://cointelegraph.com/news/yfi-price-soars-to-388k-hitting-1b-market-cap-can-it-go-higher

the price hit $38,883 on Binance in its (USDT) pair. Before it dip this low. If I were to make money out of this hype I probably would buy much right now before it explodes to $50K this is a huge opportunity this pandemic.  A crypto investor now has the thoughts of moving their BTC to YFI already because of this hype.
748  Alternate cryptocurrencies / Altcoin Discussion / Re: DeFi Platform on: August 30, 2020, 03:07:05 PM


Youtube videos are good source of information. There are users out there who can explain it better with you having to google every term. Defi is from the term decentralized finance which a user can do just about anyuthing related to finance including lending, flash loans and trading and all these are done with smartcontracts with no central authorities. Now, this isn't just it.

But if you could look up to youtube there are more users out there that can explain it best down to its details. You may wanna go dive into a particular defi platform like Compound itself or Aave.
749  Economy / Gambling discussion / Re: Are there any VR crypto casinos? on: August 30, 2020, 02:58:29 PM

I searched Valve Index and it cost $999. You bought it for its purpose so you should enjoy it not only to video games but also to experience online casino and even for adult entertainment if possible.  Cheesy

AFAIK there isn't yet an online casino for VR users, it would be fun to have one but I'll probably try it when the VR devices will be cheap as phones already. The cheapest VR device that I have found was still more than a thousand.  Few more years maybe we can find some of it only for $100.
750  Alternate cryptocurrencies / Altcoin Discussion / Re: Missing the current DEFI pump on: August 29, 2020, 10:50:45 PM

You do want to profit that is why its tempting to dive into defi. I think its not really that too late to jump right into it, the investors may have profit already but I don't think they are ready to dump at all when there are more to gain.

The defi platforms allow users to profit more through its protocols than the trading platforms we often use like binance, this is why I think there is more that will come in crypto. You didn't miss yet, you are right on time.
751  Alternate cryptocurrencies / Tokens (Altcoins) / Re: SATO DEFI -BRING CRYTO TO EVERYONE IN THE WORLD! on: August 29, 2020, 09:41:50 PM
It was so sad, just posted the thread then directly got caught doing plagiarism. I saw he post the airdrop thread too, but I didn't any information how to enter, only can see info about his token sale. Looks like already messed up at the beginning.
Is this the reason they do not display part of their team for legal reasons and I searched their website, they claim to be from Japan
But let's take a closer look at their actions

They say they will announce their team once their legal documents are in place. So let's wait if they can acquire their license, casino license in particular. But how about their plagiarized whitepaper? Are they going to rectify it? They need to re-write their whitepaper, else, how do we know that they are serious in moving forward?



If they listed thier token on different exchanges, then it could be enough to say they are serious. But having the plagaiarized whitepaper and anonymous team will still not enough to make it knowing how many scam there is in crypto. I didnt really read about its whitepaper, the word defi still is got some curiosity.

Lending stablecoin is profitable but once bounty campaign is launched the more people will learn about it.
752  Alternate cryptocurrencies / Altcoin Discussion / Re: Non DeFi projects starts going DeFi on: August 29, 2020, 03:50:37 PM
There is nothing wrong for non DeFi to implement DeFi Protocol. If these projects switching to DeFi with the right projection and good intentions, I think that should not be a problem. This is a ecosystem and everyone is trying to reserve their place in the DeFi ecosystem.
To be honest, that action would cause the project to go in a completely new direction, and it would no longer be consistent with their original idea. They're just trying to capitalize on the hype from Defi to make their project even more popular, and the price could go up these days.

I followed one project that also joined the Defi hype but its not working for them.  I wouldnlt mention that name because its just in the EOS platform, they end up just waiting and the dex they have hasn't even yet released since the project started last 2018.

Not all defi projects will really be pumping. Teams switching to Defi will only look as if they are going to end up scam. I did ask them about it on telegram and they kicked me out after it.
753  Alternate cryptocurrencies / Altcoin Discussion / Re: CAN WE STILL GET THE 2017 BULL IN THIS 2020? on: August 28, 2020, 04:48:14 PM

I think this is just a temporary fall since it will once again bounce. It's going to take its cycle and will temporarily go down when its overbought. A holder who thinks they are losing money will really panic to take profit. It just need more time to push the price up again. Crypto is getting mainstream already and once it happens more investors coming here to lift the price up to the next ATH.
754  Bitcoin / Bitcoin Discussion / Re: UK hospital launches rehab programme for bitcoin addiction on: August 28, 2020, 03:12:27 PM
Wondering on what is the symptoms for being a bitcoin addict since its crazy to hear this and why on earth does a hospital implement that, Bitcoin enthusiast are going on bitcoin to earn money and I never see any people getting crazy because of this. Maybe they became crazy because they lose there money from scams or by playing gambling and for me if that's the case well that's different story and belong to other category.

One symptom is that staying all day long in bitcointalk.org and browse CMC all the time.  Grin Joining the forum signature campaign that only pays BTC and if not. this addicted to bitcoin individual will scream scam all of a sudden. Somehow I can see a lot of users already are going to be admitted there.

All that's too much is always not good. So if you felt like you are an individual who bookmarked CMC and click it all the time. Its time to call the hospital.

755  Economy / Gambling discussion / Re: Verifying Provably Fair b.s. on: August 28, 2020, 02:46:28 PM
So many results are obviously complete bullshit.  Has anyone found a third party site that we the players can use to verify results of blackjack and slots and whatever other questionable outcomes we encounter?
I readt some good thread yesterday explaining how to verify results from the outcome and its the best one i found.
You can visit vand read the topic here mate https://bitcointalk.org/index.php?topic=5227525.0

I hope you can comprehend that so you can verify yourself next time you encounter suspicious outcomes.  Smiley
The thread you have given here is also very helpful to all players especially to those who really on verifying every bet have made. Actually, this is very important a tool where we can verify the outcomes to see if the site is a provably fair system. Also, I’m interested in knowing this provably fair system as before I’m not checking the bet I've made when I'm playing in an online casino.

Despite the tool to verify how fair the result is, players who had set to beleive the casino isn't fair will stil think the casino is cheating them. Its not like they change their heart but its easy to look for another casino to play with.

There are casinos I think that are fair like the ones using tx as result of the game. I have seen few of these casinos so far.
756  Economy / Economics / Re: The pros and cons of going cashless on: August 27, 2020, 04:44:00 PM

The discuss have been on for many years about the possibility of a cashless society. Especially with the current wave of the use of cryptocurrency.

Many have favoured it while others have not.

These are the pros

Extra theft protection
Complete transaction records
Benefits and bonuses
Convenience

These are the coins

You may spend more
Data can be compromised
Privacy concerns are another consideration
Small transactions get tricky
Electronic methods aren’t perfect

https://www.moneyunder30.com/the-pros-and-cons-of-going-cash-free

Quote
Extra theft protection
You have options if a credit card is lost or stolen, or if an unauthorized person somehow accesses your online accounts. You can replace a card or cancel a payment. Credit card users are protected from fraud through the Fair Credit Billing Act.

Meanwhile, we’ve all lost cash at some point in our lives—and with no paper trail (or e-trail), missing cash can be tough to get back.

The above argument to me is not enough ground to be a pro because as much we lose our cash either to the wind, armed rubber, dropping from your pocket/pause to the floor or bank theft, we can also lose digital currency or coins without recovering.



China, as far as I know, had their major cities is already a cashless society but the towns outside the big cities are still using cash especially near the borders. The people in China didn't worry about data breaches though.

Having the fiat cash will still be the best to use after all they are more untraceable than coins using blockchain. This is why there will be resistance in adopting blockchain.
757  Bitcoin / Bitcoin Discussion / Re: Bitcoin Has Lost Its Way: Here’s How to Return to Crypto’s Subversive Roots on: August 27, 2020, 04:06:01 PM


So that Dark Renaissance Wallet he'd been developing it the saviour to take back the source of power?  Not really sure what the author is up to but for anonymity, a user can always choose to be anonymous as there are many tools to be used.

Making money is just not helping you to be anonymous. Withdrawing from Centralize or Cashing out to bank accounts needs KYC, thats a trade off for wanting fiat.
758  Bitcoin / Bitcoin Discussion / Re: Chris Larsen, Chair Of Ripple, Argues China Can Reverse Bitcoin Transactions on: August 27, 2020, 03:27:42 PM

Can't imagine what will happen to all of us if they really can reverse bitcoin transactions. CZ once mentioned about the pool to reverse a hacker's transaction, he must be serious when he tweeted it. Knowing China had done the impossible things and what they have accomplished today for thier one belt road initiative, I might actually beleive it.   Cheesy

Okay, let's sell our BTC!
759  Economy / Gambling discussion / Re: Legal Matter on: August 27, 2020, 03:12:07 PM


There are states where gambling is allowed as far as I know. But yes, it should have been legalized for all states if they are to find a possible source of funds, it's a billion-dollar industry that they missed milking. centralized or not, its going to make money.

But I'm sure anyone who wanted to play can always do so with just credit card. Before Bitcoin I've seen enoug gambling websites that's been popular in US.
760  Economy / Trading Discussion / Re: Is Buy and Hold Really the Best Strategy in Crypto? on: August 26, 2020, 06:39:09 PM
My strategy is mostly holding to tokens particularly the ones that I know will have the potential to 100x. Spot trading is a good option when you know the tokens experience the ups and downs for most of the time.

If you are just trading for USD, you'd best try the margin trading. BTC/USDT is best for it and eventually buy BTC with the earned USD but lke you said not everyone can foresee charts trend.
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