Binance's withdrawal fees are constant and are based on a specific coin/token amount, and not USD value. e.g. For bitcoin, the withdrawal fees would always be 0.0005 BTC regardless if how much bitcoin is. Here's the full list of fees: https://www.binance.com/en/fee/depositFee |
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I don't have anything to back this up, but it's probably due to the influx of users opening Binance due to the recent price pump(bitcoin breaking above $20,000 like 20 minutes ago).
EDIT: I was right lol. "Re: Bitcoin BREAKS $20,000! - Binance" What a coincidence.. It looks like bitcoin isn't the only thing that broke something.. 🤣     |
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Yes, I totally see that. It only works as intended when it is widely accepted but the only way for it to be widely accepted is for it to work, obviously...
But same as Bitcoin solved an intriguing trustless transaction problem, wouldn't it also be interesting if there was a cryptographic way so that a cryptocurrency can store/lock other crypto assets much like a fund does in the traditional form?
Not only that, the problem in this case is that there's literally no reason for this coin to be "widely accepted" because BTC and ETH already exists. In the first place, what would the coin be used for? Besides being sold on exchanges. Tbh though, you might as well just use a centralized something-like-an-ETF because there's no way such a coin would end up being decentralized in the first place. Just as a mental excercise maybe?
Aye. Nothing wrong with thinking of ideas. |
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That's a very good point. It relies on the network effect, so in the beginning it can only be a "normal" Cryptocurrency until it gets listed on the exchanges and can start to exchange itself automatically to these other cryptos.
But Bitcoin faced the same issue in the beginning, didn't it? It is only a useful currency if a lot of people are using it. Classical network effect?
Pretty much. But think about it though, what would be the reason why people would buy a certain coin/token on exchanges that pretty much doesn't do anything for them? Remember that for that coin to be exchanged for other cryptos, people would actually have to want/need it first. It worked for bitcoin simply because it's the first of it's kind. |
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So how would the coin be worth anything if all that happens is that it automatically gets exchanged for other top coins? To be able to buy crypto, you'd have to exchange something else that has value(e.g. fiat, other cryptos), which this coin doesn't.
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I searched. But there is no thread about where is he/she has gone. There are many articles available regarding his/her location. But no one is telling this where has he/she gone?
Pretty simple: It's because there aren't that much information on Satoshi. Because obviously, he/she/they is/are anonymous, and doesn't want to be unmasked in the first place. |
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What is that analogy? The dude sells illicit drugs and you compare him to legal entities, the knifes are just objects, it is up to the people who are using it on what they have to do with it. Computer hardware companies are not responsible, you are putting the blame on a provider, it is the people that uses those hardware that should be responsible for their action. Chocolate is not the reason for diabetes, it is the sugar. If your main business model is to provide illegal substances, how can it be reasonable to compare it with legal businesses. We might not be on the same page here so sorry.
Point me to a source where it's proven that Ross Ulbricht actually sold drugs himself. Because as far as I know, he only created the platform where people sold drugs(the tool), not necessarily him selling the drugs himself; hence the knife/computer/chocolate indirect-effect analogy. I'm totally fine being wrong here. " Ulbricht, a first-time offender, was not convicted of actually selling illegal drugs and other items himself, but of creating and operating a site where others did." https://www.investopedia.com/tech/ross-ulbricht-dark-net-pirate/ |
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If you want to whip through a non-technical book, there’s a recent one I’ve been devouring these past few days called "Bitcoin: Hard money you can’t f*ck with", by Jason A. Williams.
What's your current opinion of it compared to The Little Bitcoin Book[1]? Jason Williams' book(based on the book's description) seems to be for beginners as well and it's getting a good amount of attention on Twitter, so I might grab this one so I can decide which one will be my go-to recommendation book for beginners.
[1] https://littlebitcoinbook.com/ |
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Ross is responsible for drug trafficking online and the reason that he should be pardon is because the cops that arrested him are corrupt?
So.. Knife companies are responsible for people getting stabbed? Computer hardware companies, ISPs, and other computer/internet-related companies are responsible for people getting scammed online? Chocolate companies are responsible for people getting diabetes? not to mention that he hired a hitman to eliminate someone that might point out his true identity at that time.
Not really sure how true/false those accusations are, but those charges were dropped. |
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No offense to you OP, but is it just me or is it really pointless to create such list(same with the cryptoscamdb site)? It's pretty much just going to end up being an endless list of domains. In the first place, by the time a certain domain ends up in such list, chances are, the domain has already been used to scam some or a good number of people already. And once the domain has been listed in such sites, they simply purchase a new one. Am I missing something here?
In my opinion, creating content to educate people and detect scams themselves is 99999x better. Kudos to you for trying to help the community though.
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Well it is blatantly obvious he helped many break the law.
Correct me if I'm wrong, but if you meant he "helped many break the law" by creating a unrestricted platform that people used to buy weapons/chemicals/drugs/etc, then I definitely don't think it's a good argument. If he gets out and still has some of that BTC he made running silk road, well then I guess, good on him  He could've made hundreds of millions; not sure about you, but I personally wouldn't be happy sacrificing and wasting 5 years( and counting) of my early 30s just for money. |
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I sure hope it goes through. Dude's facing double life sentence + 40 years for creating a freakin platform, and is facing a far far worse sentence than literally murderers and pedophiles.
Hopefully Julian Assange and Edward Snowden also has a chance.
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Volatile in December? You mean more of like since forever?
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Electrum has always been a heavy recommendation due to it being open source and being a solid wallet since like forever. Though it looks bad(imo) in terms of UI as it kinda looks outdated, it simply does it's job, and it does it's job really really well. If you want to check out alternative Android wallets, check out BlueWallet[1] and Samourai[2]. But as always, if you hold a substantial amount of coins and if you're planning on holding long term while maximizing security, go grab a hardware wallet[3].
[1] https://bluewallet.io/[2] https://samouraiwallet.com/[3] http://cryptosec.info/wallets#hardware_wallets |
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People have been so obsessed by the $20,000 price point that most of them doesn't even know that we have already reached the all-time highs in terms of market cap, which is a far more important(not with altcoins though) statistic due to the slow increase in supply throughout the years. |
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This. OP, It'd probably be best if you tell us what you're interested in specifically though. The technicals/development? Content for beginners or as a gift for non-bitcoiners? The economic/monetary aspect? |
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So it's quite huge returns in such short span of time and that's what the power of Bitcoin and blockchain is that's why all the major institutions are adopting it as fiscal measure for their financial resources.What are your thoughts on this?
Nope, you can also have huge returns by investing in the stock markets assuming you pick the right stocks. The power of Bitcoin is that we finally have money that we truly own without needing to trust any centralized entity, while at the same time being really really scarce. |
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I mean, when talking about the "DeFi" hype(even though most if not all aren't even decentralized) or altcoins in general, this is pretty much just one of thousands of existing scams.
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Matrix protocol could be the answer, i saw few people mentioned it when talking about non-centralized communication protocol. I don't know practical is it for software development though.
Haven't dug deep yet, but I was really really hoping that it doesn't have a coin/token(though slightly expected that it has). I did a 5 minute research on it, and thank God. |
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XVG became the first crypto adopted by PornHub since April 2018 and made the price of XVG soar beyond expectations.
PornHub didn't necessarily "adopt" XVG by their own terms though. It's a "partnership" a.k.a. most likely a paid sponsorship to accept their coin. Because if PornHub would adopt a cryptocurrency in the first place, wouldn't it make sense to accept BTC? Or if they're taking the privacy side, probably XMR? But nope. Anyway, since we're talking about PornHub anyway, here's a throwback to an epic response from PornHub in 2018: |
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