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781  Alternate cryptocurrencies / Altcoin Discussion / Re: Is cost-reduction attractive enough for businesses to use blockchain? on: July 05, 2020, 03:54:09 PM
Blockchain would reduce many things including cost. They would be a easier and safer means to communicate. The power of community for community. It's difficult for small number of people to fight against a small group of professional hackers but when a large community works together to form a network of blockchain, no smaller groups would have influence over it. It would be wide open still safe from attacks.
Blockchains use in IOT and autonomous traffic management are some good examples.
782  Economy / Gambling discussion / Re: How can online gambling help to kickstart the global economy? on: July 05, 2020, 03:29:46 PM
Most people would say, gambling is a destructive activity and that it only destroys lives... and in a way I agree with them. The thing is, everything comes with good and bad and gambling is not an exception.  Wink  

Regulated and licensed gambling operations are obligated to pay taxes.... right.. well every Dollar added to the government fiscus helps to fund large projects. These projects create new job opportunities and also income for unemployed people and also stimulate the economy when these people use that money in the retail industry. (Food & Services)

Some people actually win at some of these casinos and they win big, so this money also goes back into the economy and these gambling operations employ people to run these casinos, so that is also a added benefit of these online casinos.

What other positive things can you think of that online casinos can add to the global economy?

How gambling affects the economy can be seen in the example of Las Vegas. There, casinos can be considered city-forming enterprises. Most of the tourists come to play at the casino. If the casinos are not working, then the places in hotels are empty, restaurants are idle. A lot of people are out of work.
Because of the coronavirus, businesses that were directed to work with people suffered the most.

But what we need to remember is gambling is a service that adds no value to the economy. Though it would fulfill the needs of some people and give them jobs, it would not have any positive effect on economic development. The money spent on gambling, tours, travels, restaurants would employ some but would not yield any positive outcomes or boost for the economy.
783  Alternate cryptocurrencies / Altcoin Discussion / Re: Is there any successful precious metal crypto? on: July 05, 2020, 03:13:54 PM
Since the beginning of cryptocurrency we have  seen many precious metal crypto project. With my little knowledge i don't know any successful one. All precious metal crypto projects disappeared after funding phase. Is there any successful precious metal crypto and traded?
I think there is no real or proven precious metal backed project available till now, even we get to see so many projects that claim to be backed by gold, platinum, diamond or silver no one has got the attention and no one has proven the backing assets that is why market has not taken them seriously. Among new projects also i would stay away untill a platform is proven and anyone can check their holdings maybe through a blockchain based link or direct contact at storage facility or a govt regulator. Let these projects prove them first in the market before investing or using them.

Unless these projects shows us the holding and audit it with independent auditor, have it stored with and independent agency, I'm not going to believe in them. Freezing asset is a much more difficult task than freezing cash, as the physical objects would require more cost of storage and safety as well as to save it from internal influences.
784  Bitcoin / Bitcoin Discussion / Re: My hardware wallet was seized by US customs. on: July 05, 2020, 02:06:41 PM
Hardware are visible and hence are always prone to being searched by authorities. A hardware wallet being sent by mail internationally would of course attract attention. They could be one of the easiest way to launder money or fund terrorism. This also revealed your identity and location and probably might have been added you on the surveillance list. MI5 field operatives might be roaming around your house.
785  Bitcoin / Bitcoin Discussion / Re: Can you hide your identity with bitcoin? (100%) on: July 05, 2020, 06:13:18 AM
Both nodes and wallets use, leads to an ip address where information can be found.
Nodes knows the IP addresses of each other and it is possible for a node to predict the IP address for which a transaction has originated from but it is nowhere near accurate. For someone to be able to track this accurately, one has to connect to all the nodes within the network and that is impossible.

If that's possible for anyone, we could findout who is Satoshi Nakamoto and thus all the doubts about the creator/creators of Bitcoin might be revealed. As you say that one has to connect to all the nodes which is really impossible. But china produces the most of the hashrates of bitcoin networks, so it might be little possible to them to check/watch our transections, IMO. Also , it's just an hypothesis from myside.  Cheesy

IP addresses at a give time are your location so if you are using your own IP address than you are exposing your identity. But you can easily change your IP address to a random one using tor or a VPN. There would be not much they could track with a transaction but to stay safe, you should not leave any trail and links to the transaction and hence use a different wallet for sending and receiving coins each time.
786  Alternate cryptocurrencies / Altcoin Discussion / Re: Opinions about Bitcoin Diamond (BCD). on: July 04, 2020, 06:23:21 PM
I was airdropped some BCD during the fork on binance and probably exchanged them for BNB while getting rid of small coins. I consider every fork of bitcoin except BCH to be useless. It's quite surprising that BCD is still listed on popular exchanges like Binance and OKex, it means they are having a good volume all these years.
787  Alternate cryptocurrencies / Altcoin Discussion / Re: Brave browser CEO apologizes for automatically adding affiliate links to cryptoc on: July 04, 2020, 03:30:21 PM
I don't think a bug would generate a ref link. We could have ignored it if it were from any other services but the service in context is brave browser which selling point remains in the blocking of ads and trackers. That's a larger risk made for small profit. If they want that as a source of revenue, they should have let know users about it and provide an option to choose their ref links.
788  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Success of IEO is all on the exchange on: July 04, 2020, 12:48:29 PM
Unfortunately its true, but companies that conduct IEO on scam exchanges like P2PB2B do not understand this or just do it on purpose just to get at least something and then run away with money, but top companies know where it is best to conduct IEO.

Or maybe they are colluding with that scam exchanges that why they chooses to raise and launch on that platform. Or P2PB2B, doesn't charge that big as compare to Binance that's why most IEO's are gambling on it. Cost vs Reputation, they need to choose wisely.

But as P2PB2B exchange has been exposed already as doing a lot of fraudulent activities like wash or fake volume trading, it doesn't really make sense for IEO projects to take the risk because for sure their project will be affected negatively.

As a matter of fact all of the IEO held on P2PB2B and yobit are scams. Most of them are just made up projects by the exchange themselves. They do it just to make fool of the naive investors. If anyone would have a legit project, they'd better try to self host an ICO than hosting an IEO on fraudulent exchanges.
789  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Justin Sun and Oikos Price Dump!!! on: July 04, 2020, 12:11:41 PM
It's terrible, it is very risky when dealing with influencers who have influence, only one tweet can result in price drops. Justin should have understood his position by using social media wisely, not bringing down others.

It's really sad to see Justin Sun butchering a project that runs on Tron platform. Justin Sun has lost any credibility he may had and it would be better for him and the Tron project to step down justin sun from the team so that he'd not further hurt the credibility of the platform. Hope Justin won't turn Tron into another BSV.
790  Economy / Gambling discussion / Re: Some college students in Alabama bet money to see who gets COVID19 first on: July 03, 2020, 03:17:00 PM
Some university students in Alabama were denounced to the authorities for organizing "COVID Parties". The organizers of the party invited people tested positive from COVID19 to transmit the virus to the attendees. It was about betting on who would be positive for the virus first. They put money in a pot and the first one to test positive took the loot.

Alabama has registered to date 40111 positive cases, recoveries 15974, new cases 996 and deaths 841.

https://www.google.com/amp/s/abcnews.go.com/amp/US/alabama-students-throwing-covid-parties-infected-officials/story%3fid=71552514


It's good to question but we also needs to listen to others as we can't make every mistakes on our own to learn from.
This is all due to lack of motivation and a vision for the future. The kids these days want's to stand out but don't want to work for it. Everyone wants to be a hot dude/gal overnight. It's not the kids that are to blame. Our society has failed to give meaning to human life.
791  Alternate cryptocurrencies / Altcoin Discussion / Re: Reversible crypto transaction is no more impossible on: July 03, 2020, 12:54:38 PM
I don't think it would be a difficult task to make crypto transaction reversible but is that what we want?
Irreversible nature of crypto is considered to be a pros of cryptocurrency by many though it may have sometimes led to accidents.
It would always be better to have options as cryptocurrency are now a broad genre of blockchain based currencies.
792  Bitcoin / Bitcoin Discussion / Re: In what way you’ll inherit Bitcoin to your loved ones? on: July 03, 2020, 11:09:18 AM
I'm moving towards a notebook one. Now most of my holdings on bitcoin and other coins are under a wallet generated and backed up using mnemonic phrases. And I've written them down on my dairy. My brother is a crypto dumb and my parents are getting old. I'd probably forward it to my girlfriend after we get married (soon). I still have many coins on exchanges and some of my payments are still carried out through web wallets. All of those IDs and passwords are saved to my google account. I need to share it too. But at the moment if I die suddenly, no one would be able to get any of my coins.
793  Economy / Scam Accusations / Re: Kingcasino from bounty detective turned scam on: July 03, 2020, 08:06:27 AM

We've seen the previous scam accusation about them but bounty hunters ignored it. I have doubts about the project from the beginning because they intend to release dividends quarterly which would be something not usual than the legit casinos.   Is there any hard proof besides the team claiming it?  It would be good to see some busting.
Hard proof? Really? Please check their Twitter channel, it's full of hard proof, they raised more than enough and they show the world about it on twitter, the scammers want it too look like they failed due to softcap not reached but they sold out not once, 25,000,000$ just for a casino platform?? What could they develop on the platform that can cost that much???

https://mobile.twitter.com/kingcasino888


Kingcasino was undoubted one of the hyped projects though I didn't researched about it, the forum seemed to be filled with it's signature and talks. I did navigated to the site but found no real work towards building a casino and their logo/avatar was too cheap to be for a serious project. Though their numbers were high, they were distributing their tokens and their names were much similar to another scam betking, those two things made me not participate in it.
794  Bitcoin / Bitcoin Discussion / Re: Jeff Bezos and Bitcoin on: July 02, 2020, 04:21:03 PM
It would be less costly for him if he starts a mining farm and get 90%+ total hashrates before making the attempt to buy all coins. He'd be getting the transaction fees and most of new coins. And as the previous user stated, a large buy order would make the price rocketing making him not being able to get even 25% of total coins. Jeff Bezos is much more intelligent than he looks.
795  Bitcoin / Bitcoin Discussion / Re: Dormant bitcoins and bullrun correlation ? on: June 28, 2020, 03:24:06 PM
Yeah. As people have realized that the amount of bitcoin is limited and it would get precious with the time, people are holding more than ever.
The decrease in active supply is also due to freezing of coins for BTC backed tokens like wrapped BTC and others as well freezed coins on Lightning network. There are also different hedge funds that are freezing their coins.
796  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Have anyone tried USDT Fixed-Term Deposit on BigONE? on: June 28, 2020, 10:04:51 AM
I have no experience with Bigone but Nexo do offers one of the best interest on saving stable coins. They provide 8% per annum on deposit credited and compounded daily of any stable coin and you can withdraw them anytime in any of the supported stablecoin. i.e. you can deposit any amount of any USD stable coin and withdraw to any supported USD stable coin without any fees. Celsius is another option but they have complex terms and amount strategy that makes their interest rate lower than of NEXO.
797  Alternate cryptocurrencies / Altcoin Discussion / Re: Etherscan or Ethplorer on: June 28, 2020, 01:38:52 AM
Yes Ethplorer may crawl on more number of exchanges for price than Etherscan. Another reason why I visit Ethplorer mostly is due to its modern design. I also have an account on Etherscan and visit them to see my overall balances on different addresses. And they are also more detailed on viewing transaction details and smart contracts.
798  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Crypto online stores? on: June 27, 2020, 06:33:27 PM
You can use Bitrefill to buy Gift cards for every popular eccomerce platform like Amazon, Ebay, Target, Best Buy, Walmart, Adidas, Nike and almost every of them that support gift cards and redeem them while buying product. They are much better option than using some new site with limited options. The delivery depends on your location but amazon is available nearly everywhere.
799  Economy / Services / Re: [Open] ▄■▀■▄ 🌟Bitvest.io🌟 - Plinko Sign Camp (Member-Hero Accepted)(New2) on: June 27, 2020, 12:20:23 PM
~ snip ~

Glad to see I am nowhere mentioned in the report and I won't be saving my peers if they are breaking any rules.

But the rules are quite clear and with staying so long in the campaign, one and a half year for myself and users like JohnBitCo (who is in the same tier and group as me) is here for more than 2 years, I can say that we get comfortable with the rules and that shapes our posting habit.
Not all people here are full time blockchain developers or marketing personnel that can give their full time to the forum and their day job might be much more demanding.

Edit: I believe with the new rule in effect, everyone should follow it as well.
800  Bitcoin / Bitcoin Discussion / Re: Indian government Banning Cryptocurrencies? on: June 27, 2020, 09:41:10 AM
Court decides according to the rules and laws of the nation. The court decriminalized crypto trading cause there were no specific prohibition on the law. The government and the parliament holds the power to modify laws and hence make it illegal to trade crypto. Many have also seen the window was to get rid of crypto for many prominent political keens and as they've done it, now they are making it illegal.
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