I see very small possibilities that Libra as a project will continue, as soon as Facebook made the announcement all the governments of the world immediately refused to let Facebook have their way and it is easy to understand why, if Facebook were to release its own coin then you will have billions of potential users of cryptocurrencies, even if there were very strict regulations it will be impossible to monitor everyone. And what it is even worse it will give all of those people access to this market, if Libra went live I will not be surprised if the market cap of bitcoin doubled in less than a month as such it was imperative that governments stopped Libra before it launched. I agree that it is somehow imperative for the governments to stop Libra at all cost before it is launched. Such project after all is too disruptive of the fiat system that it might really give more than just a tiny dent. And the actions of the governments are not really to protect the people from the project, it is to protect the current system to crumble down. If Facebook and all its partners will continue with the project, there will be more similar massive projects that will follow. And the governments cannot contain all of these. The result is still 50/50, as the situation of libra right now, it will be hard for them to make another step. If they somehow manage to create an alternative plan on this kind of situation they may be able to stand even if their partners drop out on their partnership, and even government can't stop them from making a progress. Further announcement should be release soon for this matter and if it is positive for the side of Libra, this may help for them to make a new action plan. Those partner know what will be the consequences to the platform if they will continue supporting it. the demand of their bussiness will decrease this paypal is the example . I bet. This is actually hostage taking. Paypal, Visa, and all those that finally decided to quit from the project have to choose the right battles. And this time, they are probably right. They cannot put up a worthy battle against the governments. All their registrations, licenses, and approvals are coming from the governments. They commit a grave mistake against these powerful bodies, they will regret it big time. |
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One thing for sure, people can get so creative in finding ways and means to fool others and victimize them out of their hard-earned money and they will not stop until they are caught by authorities (which can be so hard to do, by the way). Now, they are also into cryptocurrency making the operation easier and convenient and I assumed with wider reach.
Is there anybody here who experienced being (or who know someone who was) a victim of sextortion and was asked to pay in Bitcoin or Litecoin?
Sorry but I only knew this. This is really a pretty clever form of extortion that the law could not find out who it is. That is also the reason why governments always prohibit the development of cryptocurrencies. After these incidents, we should use reputable websites and do not access strange links. Viruses can steal our information. If the government will prohibit the development of cryptocurrencies simply because of this, they are citing a very shallow reason. They need to come up with a more convincing alibi or just be honest and state that they are truly afraid of crypto in that it might kill their fiat. Well, this case is existing even without crypto. It so happens that some criminals prefer Bitcoin and crypto over fiat. Probably because of the anonymity that it features. But it is very wrong to think that these crimes will proliferate due to crypto development. That is absurd. |
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The more complicated the address is, the better security it gives to the owner and to the funds. Public addresses are perhaps not designed to just be a mere common word or something that could easily be remembered. I am not sure but since they are digitally generated and several millions and millions of it are being created, addresses will end up like the way we have now.
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Those who have been in this game for as long as 6 years are aware enough of the movements of the price Bitcoin. They know that despite all the price fluctuations one encounters along the way, the longer term will always be a world better. The prices of Bitcoin and so many altcoins a few years before were unbelievably cheap no member could have imagine it would balloon this high.
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Most investors put their money in profitable projects quickly. I don't think this is a problem they don't believe in the technology but we don't know the back of it all. Maybe he is investing using money that he must later use for children's expenses, bills, taxes and others. So it would not hurt them to do that. And if indeed the predicted technology is proven to be good and useful, investors will also glance at it again. Both are no problem, just different needs and opportunities for each person.
There are probably a lot of investors who do not think much on the value or real-life contributions of what they are investing into. For as long as there is an ROI waiting for them, they would give it a go. There are even investors in my country who are willingly investing into scams for as long as they will get paid for it. Some are investing into ponzi and happy with their ROI even if in the long run it will make people lose money. They simply don't care at all. Just like some campaign participants here. They don't care at all if what they are promoting are shit projects or scams for as long as they are get paid for it. |
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There are hundreds of millions of e-sport gaming fans, players, and supporters around the globe. Premiums, cards, loads, and other upgrades can now be bought using cryptocurrencies. Other than that, cryptocurrency betting sites are also offering odds on e-sports games. The millions of fans who are hard supporters of e-sports teams and players can now make bets on them using cryptocurrency. This is doubtless a great step toward adoption in this big industry and community. |
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Hacking is always a threat. It does not matter whether the wallet is in a centralized exchange or in decentralized exchange. There will always be hackers who will try to steal your funds. History is unmerciful to both kinds of exchanges. There really is no guarantee that our funds is safe with them. Even Binance became a helpless target. What happened to Etherdelta is another unfortunate case. I hope this one has a solid security feature though.
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The recent precedent of the TON project team with the US securities commission SEC could cause serious damage to the reputation of the Gram coin. Many already even doubt, and whether Pavel Durov will be able to distribute to all investors private keys and coins till the end of October or perhaps this term will be corrected. Bad news for the community.
Bad news for all crypto enthusiasts, worse news for all GRAM buyers in the US. This is a below the belt move actually on the part of the SEC. They should have stopped the sale in their jurisdiction before the offering took place and not before the distribution. What will happen now to all investors? Either Telegram will make a refund to the US investors which is certainly huge, or pay the ransom to the SEC, or withdraw distribution in the US without paying at all. |
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Do you think this Economic situation will push More People into Bitcoin?
We know that countries like venezuela, ghana all Ready are Bitcoin adopters.
China USA trading? Do you think that has impact too?
Coz i think the gold market is about pop the bubble soon
Donald Trump announced around the 5th day of the month of May, that he would raise tariffs on Chinese products that will be imported on their country because of the rising tension between US and China, friday morning after the 5th tge proce of bitcoin rose up to 26.5% and US$ 7,878 but then as investors cashed out the price fell to US$ 7,200. These two countries' tension and their currencies' movement are positively affecting the price of bitcoin. It rises alongside yuan currency price's concern, and this might drive and convince people to invest and enter crypto space because of the price movement. Is there really a causal connection between the two? Or they are just coincidences? Until now I still cannot find the exact correlation between the two. Sometimes I tend to think that people are just trying to fit this correlation where it is not actually realistic. This trade war between the US and China is already taking some time and yet Bitcoin remains stuck in this 4-digit price. While the trade war is getting worse, with retaliatory actions taken by both sides, Bitcoin is still not pumping. |
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An open question to all bounty hunters. What makes you still join the bounty campaigns?
I was the regular bounty hunter in 2017 and early half of the 2018 but once 80% of my joined bounties started to turn scam without paying a penny, I dropped the idea. By looking the current situation, I can conclude that the situation has now worsen and the success rate of bounties is now dropped to further low. So my question is why you still join bounties? Are you getting paid? If yes, then which one gave you best rewards this year? Who is the best manager/s currently in bounty domain?
I joined a bounty campaign once again because this current one pays. That is the reason. Joining bounties is of course for the sake of earning an extra income in crypto while joining discussions here. It is a bonus if one is truly supportive of the project one is promoting. Right now, the project is not a bad one. Although it is a direct competition with this forum, I don't think it is a threat at all. This forum is the one and only original forum by Satoshi himself. But having another crypto forum is always good. It is for people to have some alternatives in talking about crypto and all related developments. |
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New projects make good news of good things to happen
Are they all right ?
Or are they all just chanting slogans ?
REALLY!!! What 's going on ?
If you know a good project ,NAME IT !!!
New projects need to project themselves as such. That is marketing. That is how one is to promote one's brand. They need to sell that's why they should be seen as a good news. To do it, some are even faking information, some using companies in their lists of partners even if not legal, some are bloating figures, some paying for review sites for a high rating, and so on. These are all for the sake of investors getting attracted to them. |
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The topic describes the issue for us. For us to become a decentralized, we should focus more on mass adoption. I know these may provide some mass adoption but with centralized adoption, it is useless and contradiction for bitcoin itself.
This is attractive. This is like inciting a revolution. For a while I was already buying the idea that Bitcoin has to somehow embrace the regulations offered by the very system it tries to replace with a much better alternative. But instead of yielding to the traditional powerful system as if Bitcoin has to give up its precious ideas, why not resist instead? Bitcoin is the resistance! |
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Telegram's TON has been making news for a while. But I have reservations about this project. The support that this project received in terms of funding is really massive, but I guess it is primarily due to the fact that it is Telegram's ICO. Telegram is already famous with its app even before it joined the ICO market and offered its own coin to the public. And now that it is about to formally launch its own blockchain, the SEC has reared its ugly head and has sensed that it should also be stopped.
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Crypto projects should make or break depending on the technology, because they are promoting no other than their own technological product itself. However, it seems to me that projects succeed depending on the hype and marketing and not on the basis of their sound and practical product. You cannot deny it that there are certain projects that are founded on no other than the shills that created the hype. And there are also projects offering promising products but cannot seem to move forward because of the lack of promotion.
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What is the best and cheapest way to Exchange cryptocurency?
Without all most 0 fees!!
The best as well as the cheapest way to exchange cryptocurrency with what? Please clarify your question a little. If it is with fiat money then through peer-to-peer (P2P). There would be no fees as you are not going to do it with any third party such as an exchange or any app. The deal would only be between the two of you. |
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I think in this modern age the question of “which currency should I own?” is something a lot of people that I know ask themselves when it comes to purchasing currency. There are a lot of choices to choose from such as US Dollars, Chinese RMB, Japanese Yen and many more, those are mainly fiat currencies. However, all those currencies stated are all controlled by banks that regulate their value and are heavily affected by financial crashes such as the one in 2008. As a result sometime after the financial crash of 2008, Cryptocurrencies such as Bitcoin and Ethereum were created in order to have a currency that isn’t regulated by the banks and relies on how much trust we put into its value. Here are some reasons why Cryptocurrencies are better than fiat currency.
1. Cryptocurrencies are now becoming more accepted as a means of trade worldwide.
A few years after the introduction of Cryptocurrencies such as Bitcoin, people around the world are starting to see Cryptocurrencies as a trustworthy means of transaction which means that you can go to most countries which basic Internet infrastructure and do business transactions using your Crypto Wallet whether a digital one or a physical one which means that you don’t need to call your bank in order to make your account accessible to when you go to other countries as Crypto Wallets are accepted anywhere where Cryptocurrency transactions are being made.
2. Cryptocurrencies have top-notch security and cannot be easily fooled
Cryptocurrencies use blockchain technology in order to make sure that there are no inconsistencies when it comes to transactions. If there are any inconsistencies with the transaction, the blockchain will reject the transaction and your money will still be in your Crypto Wallet.
3. Cryptocurrency transactions are secure transactions
As stated earlier, Cryptocurrencies have top-notch security using blockchain technology. They also keep all transactions on record anonymous as the only person who knows their Crypto Wallet Address is yourself and wherever you post your address link to. You can keep generating new addresses if your previous Address is compromised.
Cryptocurrencies are more accepted nowadays. That is observable both in the media and in the actual world. Cryptocurrency transactions are also secure transactions. Cryptocurrency transactions are probably the most secured way of doing business. Everything's transparent as well as anonymous to a certain extent. I only have reservation about cryptocurrency having the top-notch security. It may not be fooled but it is always under attack online. And a single loophole in the system is enough for all the funds in the compromised wallet to be stolen in an instant. |
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Great list, and very comprehensive. This deserves at least a couple of merits.
I think this is very helpful not only to newbies but also to all of us here. Not only a couple of times have I encountered someone here who was asking how and where to buy Bitcoin using a card. This is enough information for some members here looking for such information. Great job! I hope the updates are regular and timely.
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Most of the exchanges have a minimal trading fees of about 0.25%
I see many people discussing trading fees here and there and that how high the trading fees is.
Does 0.25% really make a huge difference if you are earning at least more than 2% ?
0.25% is big deal if you are a full time trader. It only takes 4 trades and you are already giving away 1% to the platform you are using. Make it 8 and you are already 2% off. And how many trades will a trader do in a full day? It is not few. Not to mention that a trader does not always win. There are times when they lose more than they win. |
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I see very small possibilities that Libra as a project will continue, as soon as Facebook made the announcement all the governments of the world immediately refused to let Facebook have their way and it is easy to understand why, if Facebook were to release its own coin then you will have billions of potential users of cryptocurrencies, even if there were very strict regulations it will be impossible to monitor everyone. And what it is even worse it will give all of those people access to this market, if Libra went live I will not be surprised if the market cap of bitcoin doubled in less than a month as such it was imperative that governments stopped Libra before it launched. I agree that it is somehow imperative for the governments to stop Libra at all cost before it is launched. Such project after all is too disruptive of the fiat system that it might really give more than just a tiny dent. And the actions of the governments are not really to protect the people from the project, it is to protect the current system to crumble down. If Facebook and all its partners will continue with the project, there will be more similar massive projects that will follow. And the governments cannot contain all of these. |
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There are no such as things as noob friendly. Every veteran, expert, and wizard have to start somewhere. There is no one who starts from 5, everyone starts from zero. Blockchain and crypto are a bit complicated but, just like everything else, it could be learned.
The stopping factor of crypto mass adoption is not its being complicated actually. It is the volatile price, the transaction fee which remains a bit high until today, the confirmation time, the lack of internet in some areas, the lack of legal support or regulation from the authorities, and so on.
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