Just a little feedback on what I experienced, since our last inter action. I posted my request and monitored the responses and it seems as though people are just Copy & Pasting other people's responses in the hope that their response would be picked for payment. <Not your site's problem, because it is human behaviour> What browser would be best to view your site? <getting some clipping in IE and none in Firefox> This is not a big deal, because I just swap browsers until I find the best one to view the site.
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Take my word for it, Japan is going to become the most successful Bitcoin country in the world, because they saw the potential in the technology and their government embraced it. Japan will also become a prime Bitcoin holiday destination for people from other countries, where Bitcoin was banned or restricted. The people from these countries will cross borders with their bitcoins, because they cannot spend it in their country and they will have expensive holidays in Japan.
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You have to remember that millions of bitcoins are not in circulation. Satoshi himself has more than 1 000 000 coins that has not moved since it was mined. A lot of coins has been burnt by some owners to increase scarcity and a lot of people are hoarding coins and not making them available for trade or commerce. Also, not all of the 21 000 000 bitcoins will be mined in our life time, so we cannot use the whole 21 000 000 as a total <available> capped total. Last thought... A Satoshi can be divided into a smaller measure of unit.
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We have learnt a couple of lessons from the Mt. Gox hack and that was : ~ Not to store large amounts of coins on exchanges ~ Never trust exchanges 100% to keep your coins safe, it is very vulnerable. ~ Exchanges are run by people and people cannot be trusted. <Mark> ~ If you do not control the private key, then those bitcoins are not yours. ~ Big exchanges are not more secure than smaller exchanges and visa versa. The problem is, many people were not around when this happened and many people forget things over time and that gives them a false sense of security.
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Predictions is like a fart. It is released in the wind and it raise some eyebrows and then it is gone. I would not give too much attention to these predictions, because they add no more value than that fart. We have had loads of predictions in the past of Bitcoin reaching this or that price, by this or that time and the majority of them is wrong. Just buy coins and be ready for whatever is coming, because it is better to have coins when it goes to the Moon, than having none.
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I think Andreas once said that the Crypto currency technology is moving so fast that by the time the book was published, most content within the book was outdated. The best resource for most information on Crypto currencies in my view, will come from research on the Internet. Yes, I agree that the writers of these books have done most of the research for you and they also have a lot of experience, but the process to get that information published, takes too long for most of that information to keep up with the changes in the scene. An updated website or Blog or forum is much better, if you are not too lazy to do your own research.
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You should not invest into anything else if you are frustrated with the Crypto currency price stability. The price of Gold and Silver and Oil are just as frustrating, because it is even less volatile than the Bitcoin price. I think most of your frustration is based on your expectations of what happened in 2017 and that is wrong. I know a lot of people bought at the ATH and they want the Bitcoin price to recover for them to exit the scene with a profit, but unfortunately that is not going to happen soon. <my own opinion> People can still make a lot of money, with a $100 price swing, like we are seeing with the Bitcoin price recently.
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I think the most successful bot must be the "Willybot" used by Mark Karpeles back in the day, when Mt. Gox was still operating in full force. These bots can create havoc if they are not kept in check by the regulators and the exchange operators. I think this is why Wall Street and the SEC is pushing for more oversight <surveillance software> to be used on these Bitcoin exchanges. Price manipulation is the main excuse used by the SEC for not approving these Bitcoin Futures, so it should get some attention.
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Ok, let's analyse this quickly. So, most methods of converting bitcoins to fiat, has to happen through regulated exchanges and these exchanges use strict KYC/AML regulations to identify the users behind the bitcoins.
You are definitely not going to convert loads of coins anonymously with P2P transactions, because this will be impracticable on the scale that organized crime is operating at.
The other thing is, all Bitcoin tx's are reflected on the Blockchain and they do not know what law enforcement use to track these coins.
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I guess these words may be interpreted as “ the competition has been always here.” I didn’t know about the bounty you’ve mentioned, but now I’m sure it's worth thinking on the ideas. That's a good way of putting it. Wetsuit is much smarter than that. Why would you dump a income generating business like Freebitco.in that would sustain you for years for a quick grab? The site seems to be self sustainable and it is generating a good income for the owner, so there are no reason why the owner should dump such an asset. He might sell the site for a large profit to someone else, if it becomes too much of a hassle. If it too much of a hassle he gets me to deal with it There's certainly no plan to run away, only to enhance and add to the site. It's not for sale but I guess every business has a price. It would be interesting how people would react, if Wetsuit decided to sell Freebitco.in. The site is successful because Wetsuit built up a long-term trust relationship with a lot of users. <Mostly based on the prompt and regular pay-out of the faucet withdrawals> The fact that it has been around for many years, also give people confidence that Wetsuit would not cut and run with this. I know I will withdraw my deposit, if there are rumours of a sale of the site. <New owners might want to cut and run> I wonder how much will a site like this be worth.
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The worst thing that I have heard about Bitcoin was the accusations that it was used to fund terrorism. Now thinking back about it, it makes me laugh. Why would a terrorist use a technology to fund terrorism, if that technology can be traced back to him? All tx's are entered into the Blockchain and there are very sophisticated forensic tools to track the flow of the bitcoins. <Most of these terrorist have no clue about the technology, so they will expose themselves> It is much easier to smuggle a few diamonds or expensive items over the borders to fund terrorists.
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A stable price is much better than a dropping price. Obviously everyone wants the price to behave like it did in 2017, but that is not necessarily what we need for this technology to succeed. A price spike like that, draws in the wrong crowd <Speculators> and they cause the most damage. <They spread FUD to hype the price and they quickly dump large amounts of coins, when they panic>. We need a steady but slow growth, like we had in 2016.
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hy mates
sorry to ask this over here.
lets see what will happened to the market before this year runs out, or could anyone possible guess what will happen in December 2018. also will there be any upgrade in the bitcointalk forum?
No bull run yet this year , i think there will be a bull run at least on desember. Whales are scalping recently from 6k to 7k, when the time is right, i'm sure bull run will coming at least we hit 10k Ok, so what are you using to make this conclusion? Do you take a random guess and make up your own scenario or do you base this on some event that we do not know about? I am always amazed by the predictions that are thumb sucked on this forum, because most people take price behaviour from previous years and then make up some price for the future, which is totally wrong. Let's make predictions based on fact, rather than guess work.
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I guess these words may be interpreted as “ the competition has been always here.” I didn’t know about the bounty you’ve mentioned, but now I’m sure it's worth thinking on the ideas. I can't help thinking that there have to be guaranteed ways of spotting bots. I mean, I know from your earlier post that bots can be re-coded in a matter of a few hours and thus they can adjust to any new implementation pretty quickly, but I think there has to be an idea of something which is immune to that. Best way is to shut up shop and walk away (or in wetsuit's case, run away) . Onto the issue, it is (or should be) well known that a lot of popular sites have 'security' bounties available. Bitcointalk has one too for example. The issue with bots is that you can never be 100% immune to them because they will always find a loop hole in the system that they can exploit... What do you mean wetsuit is runaway? Yes, we do not knoe anything about him, just because he seldom come up here saying words but it does not mean that he is run away. May be he is getting a new project again and I think his freebitco.in is real success site, from advertisement site becoming a real gambling site What am I bothering since the competition begin the lottery prize is cut down into half as the first prize. Just want to see the old lottery prize again Wetsuit is much smarter than that. Why would you dump a income generating business like Freebitco.in that would sustain you for years for a quick grab? The site seems to be self sustainable and it is generating a good income for the owner, so there are no reason why the owner should dump such an asset. He might sell the site for a large profit to someone else, if it becomes too much of a hassle.
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The worst case scenario would be if Coinbase decides to sell the company to large Banking groups in the future and then for these Banks to change the whole business model, like Circle did in the past. We already see how Coinbase slowly but surely changed their business model to be "Bank friendly" Coinbase are currently the pillar of the Bitcoin world in the USA and if they fold, a large percentage of the Bitcoin users will move to other platforms or abandon the scene.
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It's his plan B, for the day Binance won't have the choice to abide by the laws in case of a new regulation pop out from Europe. Smart guy, already trying to escape a potential problem . A question is how long the beta stage will be, because in the crypto world a beta version can be 2 years long; lol I am just curious, but how would a decentralized exchange with "identified" owners be affective against measures by a government to close them down? The Binance owners will still be held responsible for the development of the technology, even if it cannot be stopped. They will also be targeted by governments and imprisoned, if they gain any income or profit from these exchanges. This is a flawed argument and business plan, once the owners of this is exposed.
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a surefire way to reduce shit posts
1. Remove the signature of all forum users. 2. Delete the Marketplace (Altcoins) section (including all subboards).
Clearly, we will reduce shit posts and spams, and Only users for bitcointalk will be left in this forum. But perhaps it will not enforce this policy. You'll know the reason even if I don't tell you.
I trusted the Bitcointalk bounty program, but I saw many fraudulent ICOs even in the btt. Do you think you should continue to use threads that encourage such fraud?
You do not know what you are talking about. The "Signature campaigns" on this forum is bigger than this forum. Take a moment and think about it. Count the amount of money that Bitcoin companies are currently pushing through these campaigns and how many bitcoins are being distributed into people's pockets. All of these bitcoins stimulate the whole Bitcoin ecosystem. These Signature campaign members use these bitcoins to buy goods and services and to trade and gamble and all of these tx's support Bitcoin businesses. Sometimes you have to tolerate a bit of bad to retain some good.
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I think the nail in the coffin moment for me will be if I found out that some government agency developed Bitcoin to take control of people's wealth. It has happened before that some agencies created honey traps to trace money derived from criminal activities and they even infiltrated Tor exit nodes. I entered Crypto currencies, because it gave me some financial privacy <not for criminal use>, so if I found out that this was only a smoke screen, then I would definitely exit the scene. that may already be happening with certain altcoins such as Ripple and Ethereum and Dash and are the most centralized and somewhat shady coins that are controlled and managed by centralized groups of people but that can not happen with bitcoin as long as we keep it decentralized like it is today. I am not to bothered by other Alt coins, because I am primarily invested into Bitcoin. The conspiracy theorist side in me says that Mike Hearn & Gavin were working for these agencies and that they were mandated to take control over Bitcoin and it failed with Bitcoin XT, so in my opinion there were attempts by these agencies to take control. I am more bothered that all of this was simply smoke & mirrors and that they developed Bitcoin from the start.
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When guys like this start talking about "Blockchain" technologies and not about Bitcoin, then you can bet your house that they are secretly working on their own replacement "Blockchain" technology for Bitcoin. Yes, he might have said that there are too many "Blockchain" technologies out there, but he might just be using a smoke screen to get a edge over his competition. These guys have not become this successful by playing by the rules and being honest. It has been a while since OP posted this, but just wait and see, it is coming.
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What motivates you to Hodl?
What do you hope for the future?
What's your biggest fear?
I am motivated to Hodl, because I know Bitcoin will go to the Moon some day and I will be able to retire earlier than anticipated. This is one of my main goals for this technology. Only a small percentage of people can retire comfortably and I want to be one of them. My hope for the future is for Bitcoin to go mainstream and to disrupt the greedy Bankers and Remittance services and for people to have complete financial freedom. My biggest fear would be for Bitcoin to fail.
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