The moment the CEO decided to store the funds of the exchange using a single private key and not sharing the unlock codes already is a sign of carelessness and lack of empathy towards the customers. He knew full well that once something happened to him, the coins will be gone forever, and that is already negligence on his part that should be used against him or his heirlooms in court. Should the coins move from where it is sitting right now, I hope no mixing services, together with any exchange or OTC buyers would be accommodating him for the authorities to track him immediately.
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My days of exploiting pumped coins have been long gone. While the gains for such schemes are certainly bringing in a lot of profits, it somewhat destroys the coin and the image of cryptocurrencies as a whole. I tend to just buy in, wait and sell these times as I don't want to stress myself further on trading and I have several income streams already helping me build my future. Also, it's hard to spot a pumped coin considering that tight regulations are already in place for such activities, and I don't want to end up in jail for just a small sum.
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I Own a Bitcoin ATM company and a lot of my customers click on litecoin when they really want to buy bitcoin, they scan their Bitcoin wallet and insert cash. The machine just sends Litecoin to bitcoin address and now the money is stuck. Is there a way to recover it? Can we share some video link with them that they can use to get their funds?
No they cannot. Best way to prevent this is just place a large disclaimer on your machines that Litecoin and Bitcoin isn't directly compatible with each other, thus sending bitcoins to a litecoin address and vice-versa would be a dumb thing to do since you're basically sending crypto to the void. Also, owning a bitcoin ATM, you must know that litecoins can't be received in bitcoin addresses, so it's partly your fault. It is floating in the air forever but there are users had tried to cancel the transaction process and that is by sending a litecoin itself with a small amount and that could possibly cancel the first transaction. However, I still do not know if it really works.
Double-spending only works if the transaction isn't confirmed yet and you can still create a new transaction with higher fees. However in this case, I don't think it will be possible since the transactions may have been confirmed already. This clearly the cryptocurrency flaws. Can we do something abouy this by having a transaction canceled whe it is sending to a wrong crypto address or address that is not compatible to the sending address.
It'll be on the wallet provider's end to do such thing, not really cryptocurrencies per se, but it would be certainly a great addition for people who don't even bother double-checking what they're doing.
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Small-scale business owners promoting their services/merchandise on a dedicated sub-forum and not just on the Services/Service Discussion/Local section of this forum. It's about time that we actually try to help the little guys trying to integrate bitcoin and crypto in their businesses and are trying to help the adoption of crypto in general. We are often busy focusing on large retail chains and services accepting crypto on their payment methods that we forget the little guys striving to get the word out to other people.
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The normal events following a big announcement is people would dump after their hype and rumors are already confirmed, see Enjin. Samsung is a big name in the industry and it'll be a waste if people wouldn't capitalize on the hype and gain a few profits, hence the dumping of one coin involved in their crypto wallet. Personally I like that Samsung is trying to get in the crypto game with their S10 lineup's crypto wallet, though I think in the long run people would still prefer hardware wallets separate from their phones due to the latter's susceptibility to being stolen and being lost.
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It's just that people are still looking for easy ways to get something from their initial investment without really looking into further details, hence the continuous prosperity of such scam sites. A lot of us know so well that cloud mining is just another thing of the past, and is just the facade of many ponzi schemes of today. A lot of 'cloud mining' sites pay only for the first few weeks and just disappears without a trace later on, and this might be the case on yet another ponzi scheme we have here on the article.
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Bitcoin is just as reliant on Bitmain as Facebook are on their servers, we're lucky that there's been no disaster with the monopoly of mining.
I beg to differ. Bitmain may have the majority of the hashing power of the whole network, but the fact remains that there are still numerous miners doing their part diligently, alongside other nodes so yeah. Bitcoin is not so reliant on Bitmain nor any other mining companies as the network is designed to adjust depending on network conditions. On the other hand, this happens every once in a while on Facebook's data centers for routine maintenance or any other reason, as was to be expected on centralized servers.
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thanks all for your help. Luckily I do save the key phrase.. so I am going to buy a new phone have a great day all Your phone didn't run out of juice but technically died? That's when saving the mnemonics/pass phrase of your wallet really comes in handy. The next time you install a bitcoin wallet on your phone, always ensure that you keep backup files on other devices just in case. Always remember that smartphones have no guarantee on until when would they be operational/useful to you, so in order to prevent losing your funds forever due to a bitcoin wallet installed on your phone and it suddenly died, always keep backups.
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Being smart alone doesn't secure yourself into being rich. I know a lot of smart people who are still making ends meet up to this day. I know a lot of class cum laude but never made it to five-figure salaries or even found something that'll make them rich. Being smart without imagination is pretty much only restricting a person within the confines of their field, making them intelligent on paper but it ends there.
Spending habit is also one crucial thing that greatly separates rich people from the poor and middle class. Spend money on what you only need, invest a portion of your income and allocate something for emergencies and savings. A good allocation of income on necessities is one way of being financially educated.
Don't ever get credit cards as it will, for sure, urge you to buy things that you don't really need. Rely solely on your means and try to not overindulge on things that will depreciate its value over time.
Lastly, invest more, save less, especially if you are in your early 20s.
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OP, I believe Brexit is more akin to an "isolated incident", and it might not do that much to "influence Bitcoin".
Any news regarding the global economy and political movements happening right now are being used by traders as signals for their next moves, so while the recent Brexit deal per se wouldn't directly influence or affect bitcoin, the traders will try to do something in order to make it look like Brexit is a vital part of today's trading scene for bitcoin. I'll expect a sudden shift on either side of the spectrum as this recent deal rejection only made things vague from where it once was.
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It seems that some people are already planning their moves on entering the market. Auctioning up a property in exchange of bitcoins is the best option given that they'll have the advantage now while the prices of bitcoin is relatively low and just wait for another bull run and sell the profits. While this is a great news for adoption, I don't think that many other good things will branch out from this auction of luxurious properties. For sure, the property would be bought in cash rather than bitcoin or BNB given that the market are already showing signs of activity lately.
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First is the obvious profits waiting for them should the market change its course and go for huge gains. Bitcoin and crypto has always been posited for gains no matter the weather, and will surely be overcoming bear markets as people don't fully lose confidence on the said asset. Huge gains entice people, especially if they know that they are not the ones riding the same boat. Also, investing in crypto is a lot easier as you only buy and then watch your profits grow without a sweat during bull runs. It's the easiest investment to make currently, and I'm pretty sure most who made a lot of profits in crypto would agree.
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I beg to differ. So far, STOs, ICOs and Dapps have only been so good for a short while before they became the primary reason why some people are already swearing cryptocurrencies due to them scams. We can say that in the early months of 2017, they lured a lot of people into the game, but after the ATH blew off from the top last December 2017, services and ICOs which seemed to be unstoppable and will be staying suddenly pulled their exit scams and triggered a lot of people to not trust crypto ever again.
These things will not propel blockchain nor crypto to the next level; they'd just be detrimental for the G&D of the scene in the long run.
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They fear that the economy 'might' be damaged by bitcoin simply because they know so well that they couldn't control bitcoin in any way unlike what they can do with their precious fiat currencies. While he does make a point in stating that bitcoin doesn't excel so much being used as a currency, I don't think using bitcoin in some transactions would be detrimental to the world's economy per se. It does help some countries from serious hyperinflation issues such as what's currently happening in Venezuela, and I guess it wouldn't stop there too.
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i doubt that, without a core founding community, bitcoin is just an empty ghost spread around -snip-
Isn't this the roots of bitcoin, a relatively unknown community with a relatively unknown goal? Bitcointalk and CMC viewership don't really matter that much if we are already gaining a lot of attention from the world on a different angle. There's still Reddit and Twitter to get their information from, alongside any other hubs of information discussing bitcoin for their questions so I don't think that the core foundation you're talking about would be destroyed by a decline of viewership from peers. This normally happens when something exciting isn't happening for crypto, say no crazy price increases etc.
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It's amazing to see that cryptopayments still surged albeit the continuous lackluster performance of the markets for 2 years now. I'd say adoption is still somewhat increasing, though at a slow yet steady pace. I'm keen to hear more stories apart from a premium coffee chain accepting bitcoin payments, though that per se is already one start but could still be topped by other, more Joe-friendly niche in the economy. Starbucks is for premium coffee lovers, and knowing how a lot of these guys work/move, they'd rather pay in credit cards or cash than to meddle with bitcoin. I just hope that 2019 sees the adoption of bitcoin and cryptopayments with services not removing the option later on.
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I remember the ads on Youtube regarding this service about a crowdfunded mining service. The term 'crowdfund' has been excessively used in the cryptoindustry lately for scamming and luring people into false claims that they'll get x amount of money in y amount of time by just joining. Miner One is no exception. They may have shown complete facilities and equipment on their ads but really, they are just a ponzi scheme with a cleaner background that's why they got a lot of money easily.
I hope people like their team rots in jail for deluding people and scamming them with fheir money.
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ETF in US which is determined by US-SEC is the most hyped up thing in bitcoin world otherwise ETF itself means nothing at all. if you do some search you can clearly see that other countries have already approved some ETFs for instance I know of Japan which already have approved an ETF, there is Canada, and if I am not mistaken Sweden already has it or were considering its approval and was very close.
US-based ETFs are nothing but hype trains. Due to the Wall Street being in close proximity with the ETF presenters, this becomes a huge news because institutional money is believed to have been involved in the process thus fueling the next bull run. I don't think though that ETFs alone would be an enough catalyst for the next run; it would play its part but certainly wouldn't fill all roles.
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Not that entirely far-fetched, considering that we've been inching slowly to $4000 for quite a time now, and have broken the elusive short-term barrier once. Partner the current market mood with such a bullish news and we could easily see ourselves launching ourselves from high $3k to $4000-$4500 in no time. Right now, we lack the momentum, and will be hanging ln these levels for some time.
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This is just the Wall Street's plan of enticing the investors once more that crypto is alive again, and no actual development or progress will have been accomplished once it's out in the open. I'm in for new technology that greatly helps crypto and the economy as a whole, but if this is just another hype train waiting to get crashed on its tracks (similar to what happened to ETFs and other promising projects pre-bitcoin ATH 2017), then count me out. Not really a pessimist but I sense that this is all gimmick and not really development for crypto per se.
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