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781  Other / Beginners & Help / Re: Decentralized exchanges on: November 13, 2018, 02:10:52 AM
The decentralized trading platform means it will not be attacked and lose everything unless the internet is completely collapsed

Only if it's truly decentralized. The Etherdelta situation demonstrated this perfectly. You can decentralize specific aspects like trading, but for as long as only one group is completely responsible for running operations (i.e. there's a point of failure), it can be exploited one way or another. The funny thing about this is even if someone had the idea on how to make it work, it would be difficult, if not impossible to monetize lol.
782  Bitcoin / Press / Re: [2018-11-11] No, China Has Not Legalized Nor Put an End to BTC Ban; Inaccurate on: November 11, 2018, 02:32:37 PM
I saw that and I was confused because there was no Bitcoin ban in the first place. I thought it was talking about the exchange ban.

Yes, people will use obscure methods to "pump" the price, but I think this looks like another scenario where the content was created, based on poor interpretation of the communication that are coming from the government.  Roll Eyes

I'm actually pretty sure this was just clickbait. I mean, it referred to a favorable Shenzhen ruling that has nothing to do with a ban at all. They probably just wanted clicks. That, or a translation error maybe? Either way I don't think the Chinese government has anything to do with it.
783  Bitcoin / Bitcoin Discussion / Re: Will we have a good Bitcoin Black Friday this year? on: November 11, 2018, 01:22:11 PM
Were there any Bitcoin Black Friday specials last year? I can't seem to remember.

I'm personally not doing anything special. If I find a deal I like and I have to spend Bitcoin, I'll go with it. I also don't think people are in a hurry to spend their coins, considering the general sentiment that we're currently at the bottom.
784  Economy / Speculation / Re: Why Bitcoin Price May Take 700 Days To Rally Back To $20,000 on: November 11, 2018, 11:45:10 AM
So the reason why the author said it may take 700 days is because it took 700 days the last time? My thought is that it's incredible how they were able to make an article out of this when I was able to sum everything up in one sentence. Very few details are actually needed to get this across lmao.

But yeah, no matter how unreliable this is, precedents are all we have right now. We'll see if the market behaves the same way this time around.
785  Bitcoin / Bitcoin Discussion / Re: Nearly 700,000 websites are hacked in bid to steal cryptocurrency on: November 11, 2018, 10:56:54 AM
TBH, I wouldn't be surprised if he just googled the amount of websites using StatCounter.

There's another article here: https://www.newsbtc.com/2018/11/07/hackers-infiltrate-600k-websites-through-statcounter-in-search-of-bitcoin/

Not entirely sure where this 700,000 number is coming from.

Here you go:

According to a PublicWWW search, there are over 688,000 websites that currently appear to load the company's tracking script.

The malicous part of the script is also shown in the article. There were also no (reportedly) lost funds, apparently.
786  Economy / Exchanges / Re: Payment method on: November 10, 2018, 11:48:57 AM
You should try to avoid payment processors if possible, especially when you're only running a small business where it would be more than manageable. Coffee shop items are small purchases, and if crypto hasn't taken off, as you said, things should be fairly simple on your end. All you really need to do is set up a desktop/mobile wallet at your counter that can generate QR codes that your customers can scan. You can choose to move the coins to a more secure wallet at the end of the day or keep them there indefinitely.

This should be at least good enough at first especially if you only really want to do it to attract customers. If the demand is stronger than anticipated, which I kind of doubt, you can look into the more sophisticated options.
787  Economy / Economics / Re: Cryptocurrency Volatility: Creeping Evil or Essence of Crypto on: November 10, 2018, 11:11:20 AM
Volatility is a distinctive characteristics of cryptocurrency. This might be good at first and for the traders. But, speaking of future and to go mainstream adoption, this volatility might be one of the obstacles. Movements in the prices are good as long as movements are not that huge.

It's characteristic, but I wouldn't go as far as to say that it's distinctive. Volatility should fall under control as the market grows.

Bitcoin price always volatile i think because not regulated by government yet. Beside that, as new investment instrument, many investor think its a breaktrough on current economic system and as digital new store of value, it will be good for long term

I don't think regulations can solve Bitcoin's volatility, unless it's been established that the only factor behind it are manipulators. Regulation can't really influence the way the market moves externally.
788  Bitcoin / Bitcoin Discussion / Re: Mining Bitcoin Doesn't Need To Worry About Spending Electricity on: November 10, 2018, 10:11:46 AM
using alternative energy isnt really effecient when mining because mining requires alot of power to be able to mine a coin succesfully .  using alternative energy isnt also helpful to the environment because your mining hardware will still blow polution or excess waste whenever you run it .

Clean energy actually is efficient enough to power miners. Plenty of them are looking into renewable sources. Technology in this sector is bound to improve and become cheaper in the coming years, too, so things are only going to get better from here.

Mining hardware only really generate heat, which isn't a pollutant. It could even be harnessed for other purposes.
789  Bitcoin / Bitcoin Discussion / Re: Surprising Bitcoin Survey Reveals U.K. To Be A Nation Of Crypto Believers on: November 10, 2018, 09:28:13 AM
So, no study to back this up and no details of how the study was conducted or what the sample size was. Based on my limited study of people in the UK I would disagree. My methodology consists of me talking to my friends about crypto and if they are skeptical I count them as a non-believer. Currently I've studied at least 50 people of not so varied backgrounds and I can categorically conclude that your study is incorrect.

I can't tell if you're being sarcastic with your methodology, but the post above yours cited the survey.

But yeah I have no clue why anyone would say that the UK is a country of crypto believers when only around 30% actually believe it has a future. There's also this:

Quote
However, YouGov’s research shows people in the U.K. are seven times more likely to say they feel "very negative" about the notion of a type of currency controlled by the people using it than "very positive" (20% vs 3%), and twice as likely to feel "fairly negative" (20%) than "fairly positive" (9%).
790  Bitcoin / Legal / Re: Sec and EtherDelta on: November 10, 2018, 02:28:06 AM
Lol...i agree sir!...any recommendations on how Decentralise Exchnages should operete in the future?

Not who you're asking, but Bisq seems like the closest thing to a truly decentralized exchange right now:

How Bisq resists censorship
Bisq’s network is a fully distributed P2P network, and thus difficult to shut down

Bisq’s network is built on top of Tor, and thus inherits Tor’s own censorship resistance

Bisq is code, not a company; it is not incorporated, and it cannot be disincorporated

If nothing else, like Bitcoin, it has no single point of failure unlike EtherDelta.
791  Bitcoin / Bitcoin Discussion / Re: Isn't SEC Demonstrating it Hates Anything Decentralized? on: November 09, 2018, 02:23:02 PM
There's actually an argument to be made that it's not completely decentralized:

EtherDelta was considered a decentralized exchange ever since its launch in 2017, mainly because orders were processed on the Ethereum mainnet.

But, the platform was run by a single entity led by Coburn, and if there exists a single point of failure, then the exchange cannot be considered a decentralized platform. Rather, a more accurate description of EtherDelta is a non-custodial platform on which users have complete control over their private keys and funds.

There are also issues like this:

https://www.reddit.com/r/ethereum/comments/6u5jz6/etherdelta_is_not_at_all_decentralized/

If that's the loophole the SEC was going for, then that's smart of them. We'll probably see if factors like this affect their decision making depending on whether or not they go after fully decentralized exchanges like Bisq.
792  Bitcoin / Bitcoin Discussion / Re: Crypto oasis in California on: November 09, 2018, 11:54:25 AM
Just to add context:

https://www.ccn.com/california-midterms-see-largest-us-state-elect-pro-bitcoin-governor/

But no, it's not going to help unless it translates into actual pro-crypto policies. Even then, he can't do anything about federal taxes, which are quite hefty.
793  Bitcoin / Bitcoin Discussion / Re: Nearly 700,000 websites are hacked in bid to steal cryptocurrency on: November 09, 2018, 05:55:45 AM
This is one of the reasons that traditional investors and big investors are afraid to enter this market. Large-scale attacks by hackers on websites, trading platforms, to steal assets Cryptocurrency is always an obsession for investors. We need to have a solution against hackers, this market is very potential but it does not attract many people, because it is too risky.

I really don't think they're too concerned with hackers. They target everything anyway. There's really no solution to them except by making their activities unprofitable through protecting ourselves.

In this case, installing a script blocker on your browser (like NoScript for Firefox or ScriptSafe on Chrome) likely would have protected you. You should install one either way as they also stop stuff like malvertising.

My assumption is that Statcounter was embedded via Javascript onto Gate.IOs website. As statcounter was exploited, so was Gate.IOs website (script probably just watched for access to withdrawal page and then attempted to act as the client)
On a side note: The whole 700,000 websites hacked claim is somewhat disingenuous though. Yes, technically, 700,000 websites were "exploited", but the exploit was only targeted at 1 website, and probably didn't even effect any of the other websites at all (although further analysis would probably be required). Hacked somewhat insinuates data losses / exploitation at all websites, which obviously isn't exactly true.

Yeah, it just means 700k websites loaded the script. The malicious part doesn't kick in unless it's loaded on gate.io. This isn't as bad as it's being painted to be.
794  Bitcoin / Legal / Re: Sec and EtherDelta on: November 09, 2018, 03:49:30 AM
Do you guys really think sec has any case against EtherDelta founder?

Does it matter at this point? Coburn already settled. This sets a dangerous precedent for decentralized exchanges though. The SEC has been very busy with crypto.
795  Other / Beginners & Help / Re: Which site is best for buying/trading cryptos on: November 09, 2018, 02:56:17 AM
So i have bought eth in value of 25$ on cex.io and when i transfered it to binance i got  21.5 dolar. That is 3.5$ i paid for fees and transfering.
Is it normal to pay that much because its 14%loss
So is there any better way to do it?
Thanks for help


Btw i dont buy at coinbase because i have debit card and i dont know why it doesnt work on coinbase

That's way too much. From cex.io's fees, you should have ended up with around $24 worth of ETH after fees with a debit card. Your transfer somehow cost you ~$2.50. Maybe look into other exchanges? You might be disappointed though, as there are very few exchanges that accept credit/debit card payments for crypto purchases (Coinbase doesn't accept it for all regions IIRC).
796  Economy / Economics / Re: Intel CPUs fall to new hyperthreading exploit that pilfers crypto keys on: November 09, 2018, 01:52:15 AM
Luckily patches are easily rolling out from processor manufacturers but then again, if hackers can plant such exploits on your machine at that level, most probably they can target any other part of your hardware and do it all over again.

They apparently aren't patching it because they believe cache-snooping mitigations are enough to solve the problem:

https://hothardware.com/news/intel-no-plans-patch-tlbleed-hyper-threading-cpu-exploit

That was a while ago though, so maybe they've already taken steps I'm not aware of. But yeah, at the end of the day, it's just malware that you can avoid getting infected with with some precautions.
797  Economy / Speculation / Re: Chart may help you predict when the next bitcoin rally is coming on: November 08, 2018, 02:44:17 PM
These charts based on mining difficulty would be a useful tool for day traders looking to make small gains on a regular basis. For major price swings it is netter to follow the fomo factor with bitcoin news

Why day traders though? Assuming the article's premise is even correct, bottoms can be predicted by a sustained trend of sustained negative difficulty growth. They would need to observe for a long period, so they can't exactly earn regularly.

Either way though, correlation doesn't imply causation. There is a trend but it's exceedingly likely that it's just a coincidence, considering the fact that mining difficulty doesn't directly affect prices. I personally wouldn't rely on this.
798  Bitcoin / Bitcoin Discussion / Re: Morgan Stanley Report Shows Strong Institutional Investment for Bitcoin on: November 08, 2018, 01:41:22 PM
I think that this will positively affect the market as a whole because such a player is trusting Bitcoin

They're not necessarily trusting Bitcoin, they're simply saying that there's a trend of interest among institutional players. It's not going to have much of an effect unless their report's actually generates more interest than what has already been reported. A self-fulfilling prophecy, in a way.

It might not even affect the market at all because it's apparently geared towards derivatives, rather than actual Bitcoin. Their report says that everything is already going on, after all, and we haven't really experienced notable changes in the market.
799  Bitcoin / Legal / Re: 15% capital gain tax in US? on: November 08, 2018, 01:03:06 PM
Concidering cryptocurrency is decentralized I am not sure of how tax plays a role in this and if it does there are certain criterias.

Oh man I hope you're not based on the US lol. Then again, even if you aren't, your income from crypto would still be most likely subjected to income tax. If you're not paying because crypto is decentralized, I suggest you read up on your country's tax laws before you get into trouble.

Is it true that if yo sell your bitcoin in US (all states?) you are subjected to 15% capital gain tax?
maybe this news is worth checking into the legitimacy of this news, if there is a high bitcoin tax, it is not possible to turn off the bitcoin business, but I don't think this news is true. become a commodity tax if bitcoin is categorized as merchandise.

15% is apparently low as far as US capital gains tax go. Short term capital gains tax are rated much higher.
800  Economy / Economics / Re: Regulations help stock market exchange, and it will in cryptocurrency! on: November 08, 2018, 12:16:02 PM
Personally, I have never really had any issues with regulation, knowing that we will only be deceiving ourselves to think that regulation is not something that won't happen eventually.

While I agree that it's pretty much an inevitability, we don't really have to like it. I know it's going to come with pros but I'd like to delay it for as long as possible. Regulation could easily be the death of Bitcoin's association with freedom.

Either way, the good thing about Bitcoin is that regulation can only really affect its use, not how it works. That gives regulators limited amount of options to mess it up. They can mess with the market, but they can't mess with Bitcoin itself.
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