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81  Economy / Economics / Asset multiples at highest since two previous global crashes on: May 01, 2019, 11:11:57 PM
"Bitcoin is a bubble". O really?! What is this then?!

82  Alternate cryptocurrencies / Altcoin Discussion / Re: Is IEO Profitable than ICO's? on: May 01, 2019, 01:18:49 PM
As you know IEO trend is growing but i feel IEO is profitable only for those who invested in token sale but who have purchased altcoin after launched they suffer loss majority of the investors ,as the BTT and some other altcoin examples of IEO.

The only advantage that I can see is that IEO's can be instantly traded in a major exchange (the one behind the IEO, like Binance).

But this can be a double edged sword. I've seen plenty of ICO's where people dumped the token as soon as it became tradeable.

Honestly I think startup funding is all the same regardless of the three letters involved.

If the project is good it'll fly, otherwise it collapses, no matter if you used crypto (ICO/IEO/STO/whatever) or kickstarter.
83  Alternate cryptocurrencies / Altcoin Discussion / Re: SHIT COINS WILL ALWAYS DISAPPOINT on: May 01, 2019, 12:48:37 PM
Any coin can be destroyed by withdrawing capital. It does not matter what it will be, Bitcoin or another large project.

Only securities can be affected that way. Bitcoin is NOT a security.

The only thing that can affect Bitcoin is dismantling the community. Even if all miners stopped mining Bitcoin, in that case difficulty would drop and CPU mining would return. It's impossible to kill Bitcoin by removing capital. The only way to kill Bitcoin is to eliminate the entire community around it.

If a dozen people are running Bitcoin Core, it'll continue to live on.
84  Alternate cryptocurrencies / Altcoin Discussion / Re: weird experince with scammers! on: May 01, 2019, 12:45:15 PM
There must be something that you have done that allowed them to take control of your eth address. Maybe one of those small stuffs that you need to do in order to receive airdrops. We can never really know unless there is more information.

I think it's really weird, cause maybe there is a function in smart-contract that I don't understand yet.

the smart-contact creator address : 0x64117bcec6ea55d6b7ce6c92d0a981c44ca99a6b
the contract address : 0x91780bcd29620338d2d3bc16bc576d1055e85e38
the address that distributes the token : 0xb872f1cfc7beca78cdc7389a5bcfc4071958c131
Someone address : 0x9bc99e73e97a94a3d059cd7becf472d7265c3fd6

I take some minutes to find out that the creator has sent the distributor address a bunch of token, then the distributor address has distributed tokens to someone and then a while later... that someone's address sent the token back to contract creator address. WTF.

since march last year i participated in KELTA Airdrop and they made many rounds the participation requirments were easy (signup in the website and do some casual airdrop requirments and submitting my erc20 wallet address so they can send me the tokens).

in the ending of 2018 there was many talks that the token is scam and alot of airdrop Participants and token investors didnt recieve their tokens, and the admins of the token did not answer any of the questions in their telegram community.

but the weird thing was this, after the end of the last airdrop round i recieved about 70 tokens, after many monthes about 20 days before i nticed an outgoing transcation (of the 70 tokens i recieved before) from my erc20 wallet (myetherwallet) even though i didn't give my private key to anyone and the transcation was to the same address that sent me the 70 tokens before.

p.s: the same thing happened to all my contacts who paticipated in the airdrop with me

Bitcointalk bounty thread : https://bitcointalk.org/index.php?topic=2899199.0

Kelta erc20 address: 0x64117bcec6ea55d6b7ce6c92d0a981c44ca99a6b

is there any explination how that happened ? please help.


It's simple.

A token "transfer" is simply a routine inside the smart contract that says balances[new_address] = balances[new_address] + amount AND then balances[old_address] = balances[old_address] - amount

That's what a transfer is.

It does not involve your wallet at all.

So a scammy smart contract can do

balances[new_address] = balances[new_address] + amount

To make you believe you have been rewarded $amount tokens.

Then it can be programmed to reverse that a few days later. All it has to do is trigger ...

balances[new_address] = balances[news_address] - amount

...a few days later.

Nothing spooky going on here. Their smart contract is simply like a coin tied to a string. They send you the coin then pull it back using the string.
85  Alternate cryptocurrencies / Altcoin Discussion / Re: I stopped trading. 3 reasons why. on: May 01, 2019, 12:37:19 PM
I saw a statistic somewhere that 99% of traders end up even after 7+ years. Which means most of them will hit some homeruns, then lose money.

If you're trading to make a living, it means you NEED to trade constantly, even when you shouldn't. And therein lies the problem.

The market decides when you should trade, not you. So you could be 12+ months without a signal to buy, it happens. How would you pay bills in the meantime? It doesn't work.

Investing only works like Warren Buffett does it. Invest a little every month into good equities and move on.

Trying to guess the market at every move is insane, like OP described, you'll end up broken and broke.
86  Alternate cryptocurrencies / Altcoin Discussion / Re: Cardano will destroy Ethereum! on: May 01, 2019, 12:33:19 PM
Ethereum is 5 years old now and has survived a major fork (ETC) and tons of major negative events (e.g. the DAO). Its technology is well tested and continues to develop towards better mining algorithm.

Cardano on the other hand seems to be vaporware.

All I see is their crew traveling all day, posting photos in fancy places, buying land in USA and in the meantime Cardano value is 99% below all time high.

So until I see some actual software coming out of Cardano, I'll consider it vapor. Ethereum is miles ahead IMO, especially with the amount of ICO's and startups depending on Ethereum. Heck, Cardano isn't even decentralized yet. You still can't mine Cardano after 2 years. I have no idea why it ranks top 10, there are tons of projects with more software done than Cardano.
87  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum transferring to another address automatically on: April 30, 2019, 03:13:31 PM
I'm not sure if that address owner has my private key, if he has, why my token isn't moved yet.
It's like a contract made by the hacker. I have no idea how to get out of this problem.
I just want to send my tokens on another address, since when I send eth to my address and it's being transferred within seconds, I am not able to pay the gas fee.

I think I remember it now, there was this person who sends his ETH address with its private key, inside the address a large number of tokens worth a thousands of dollars, but the problem is, there is no gas fee for transaction so the people who see the address are excited to send some eth to that address so that they can get all of the tokens from it. unfortunately after any amount of eth sent to that address it automatically sent it to another address. little they know they are being scammed in a professional way, the reason the person did not get that tokens, its because he used it to lure more people to send some gas fee to that address so he can get more money from it. he goes to every telegram group to send that address so he can lure more people. I think this is the same as your wallet, he didn't get the token because he knows he can get more money when you send some eth to that wallet.
The address was created by me, the tokens are mine. I have deposited that tokens long time ago.
However, seems like no way to get out of it. It's a bit weird that I can't get out of this. If anyone can help, please reply here or PM me.

I'm sorry to everyone if I was really too harsh.

If you enter the target address into etherscan it'll tell you whether it's a contract or a regular address.

Either way your first step is to mark the recipient address as a scam on Etherescan so others will know. Then monitor the transfers into exchanges and notify those exchanges that these are stolen funds. The exchanges should then close those accounts so the scammers cannot profit from the heist.

Other than that there's nothing you can do. Transfers are irreversible. You obviously have malware on your system and should not put this computer back online at all, ever, until it's 100% formatted and reset to factory settings.
88  Economy / Economics / Re: Why is the world economy is sliding down? And how bitcoin may help it? on: April 30, 2019, 02:23:58 AM
Why: first of all because of massive debt. The world lives under 300 trillion dollars in debt. It's impossible to pay this debt even if 3 generations of Europeans and Americans and Chinese do nothing but pay debt.

Secondly, because as others mentioned, the system is broken. Free emission of money, QE, fractional reserve banking all are broken.

Thirdly because production cannot keep growing exponentially yet the debt-driven market requires exponential growth. So if corporations aren't growing year after year, compounded, the system breaks. This is insane.

So it's a combination of factors, in my opinion, that leads us to the inevitable next big crash. It might happen sooner or later, but it will happen.
89  Economy / Economics / Re: The Economics of Digital Cryptocurrencies and the Blockchain on: April 29, 2019, 07:27:21 PM
One of the interesting findings was that early adopters were the most likely to cash out.

Well we know of at least one who traded his early Bitcoins for pizza.
90  Economy / Economics / Re: People focus on the wrong thing. on: April 29, 2019, 07:26:14 PM
Why focus on bitcoin price right now? focus on fiat: The quarter of a quadrillion dollars of world debt. The trillion dollars of debt the US alone adds each year. This is what to be looking at, because this is directly what gives bitcoin it's value.

That's right. And the world collapse is near. The Fed and ECB want to print more money for bankers, they're gonna ruin 3 to 4 generations forward.

Our kids and grandkids will grow up in debt. It's absurd.

Fractional reserve banking and endless money printing need to stop now.
91  Economy / Economics / Re: BTC Trading on Nasdaq is Coming on: April 29, 2019, 07:24:46 PM
If Bitcoin gets listed at Nasdaq it will have then reached full household name. Anything listed at Nasdaq is big and available to millions of investors with trillions of U$.

Hoping this news is real this time. If so then it's likely the biggest business development in the history of BTC.
92  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: KYC Requirement for Bounty Managers before they require KYC to bounty hunters. on: April 29, 2019, 02:05:09 PM
Slowly crypto is being regulated. Bounty hunters will need to adapt.

Funds go into projects, those funds must be checked.

Funds go out from projects and onto bounties and those funds must also be checked.

Can't just pay out without KYC, that'd be paradise for criminals of all sorts!
93  Alternate cryptocurrencies / Altcoin Discussion / Re: Patience & endurance on: April 29, 2019, 02:02:22 PM
Problem with patience is everyone needs cash flow.

Miners must sell some of their produce in order to pay mining bills.

Developers and bounty hunters do too.

So it's impossible to just hodl, unless you make a living off of something else and don't require cryptos to pay bills.
94  Economy / Scam Accusations / Re: DIMCOIN is SCAM (Currently doing multiple ICOs) on: April 29, 2019, 02:00:33 PM
What's the status of the DIM ICO?

There were tokens and coins, right? Whatever happened to the tokens? I don't see their price anywhere.

Is the project still going? There was a lot of hype surrounding DIM, what happened to it all?
95  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it really a "Do or Die " time for Ripple [XRP]? on: April 28, 2019, 02:31:52 PM
Ripple is a centralized bank-issued currency.

It's the same as a virtual credit card or anything of the sort. Their inter-bank protocol could run without a blockchain.

It's one of those projects where the blockchain was inserted just for the hype IMO.
96  Alternate cryptocurrencies / Altcoin Discussion / Re: What it cost in fiat money to make a crypto project? on: April 26, 2019, 09:24:50 PM
It depends. You can start something major without spending too much.

1) You need some ETH in order to launch your smart contract
2) Announce your project here on Bitcointalk for free
3) Get a free email to respond to requests

That's all you need really : a smart contract. Launching a smart contract will cost you some gas, you can calculate how much in online calculators.

Everything else is extra. A nice site, social media managers, a incentives program, etc

But if your project is good then it'll fly without any of the fluff. Bitcoin did.
97  Alternate cryptocurrencies / Altcoin Discussion / Re: HODL for only the brave !? on: April 26, 2019, 04:25:26 PM
Now I understand the Brave brand!




Mind blown!
98  Alternate cryptocurrencies / Altcoin Discussion / Re: Alternative Block Chains : be safe! on: April 26, 2019, 04:23:34 PM
one of my major concerns is how to be safe when trying this out because now there are many lots of malwares and virus that might hit your computer during this process and its a dangerous one. another things is to be sure of using passwords that are way very different from your usual ones because you might be phished and your funds might be stolen.


 I keep all the passwords on a separate disk and in a special program where all data is encrypted.


What encryption program do you use?
99  Alternate cryptocurrencies / Altcoin Discussion / Re: Stop SCAM in the ICO market on: April 26, 2019, 02:15:13 PM
but it need to be official company, which will regulate all ICOs

So we built a fully decentralized wonder of finance just to centralize it back into one regulator's control? I don't think so.
100  Alternate cryptocurrencies / Altcoin Discussion / Re: Are ICO's Dead? on: April 26, 2019, 02:01:53 PM
ICO's are just a kind of IPO. It's gonna change names and become something else.

In 2013 it was really hot to develop a new coin based on Bitcoin.

Later came Ethereum and smart contracts got popular. Then tokens on smart contracts. Then ICO's.

It's gonna continue changing into different concepts. Crypto advances faster than anything I've seen in tech!

ICO's aren't dead, they're changing and adapting constantly, 24x7, like everything else in crypto.
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