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8581  Economy / Economics / Re: Why Cryptocurrency threatens governments on: September 19, 2018, 06:33:44 AM
Governments are not threatened by Bitcoin at all, because they still control most of the on-ramps and off-ramps for Bitcoin to Fiat conversion. They are in bed with the Banks and other financial institutions, so they still have control over a vast area of the financial system.

Bitcoin just makes certain things more easy, like :

~ Granting financial privacy and freedom to citizens. <No more snooping in on what people are using their money on>
~ Capital Flight
~ Tax evasion
~ Global crime and cross border transactions
~ Terrorism funding <Their perfect excuse to terrorize people>
~ Removing the 100% control over currency manipulation and creation.

So, until some kind of solution can be find to prove them wrong, we will have to accept that they will be hostile towards this technology.
You just took the words right from my mouth. I see Tax evasion and Terrorism funding as a main point why governments find it difficult to fully endorse bitcoin. I for instance don't pay tax on my trading gains because my government haven't been able to come up with an efficient way to impose tax.

Well, just make sure that you keep some funds aside, when they do. In my country they did the same and we had a free for all for a while, but they quickly closed that loop-hole and implemented "Capital Gains" taxes on all Crypto currency trading income. Luckily for us, taxes for that income was only applicable from the time when the new stipulations were added to the tax regulations.

Most countries implement "Capital Gains" taxes on trading income and VAT on normal Crypto purchases.  Roll Eyes
8582  Other / Off-topic / Re: Do you agree with me ? on: September 19, 2018, 06:22:08 AM
You are only touching on one industry, but Bitcoin also created jobs in the manufacturing industry <GPU/ASIC & mining hardware> and it also created jobs in the online Gambling industry. There are also people working full-time in hosting presentations and events to educate people in Bitcoin matters, like Andreas M. Antonopoulos is doing.

We also see online activities like Youtube & Podcasts and also Crypto currency forums and websites dedicated to Crypto currency matters.  Wink
8583  Bitcoin / Bitcoin Discussion / Re: IS HOLDING TRULY THE SOLUTION TO DROP OF BTC PRICE? on: September 19, 2018, 06:13:53 AM
There are a lot of different opinions on this and I think the most logical answer should be something that would bring balance to the market. If 100% of the people HODL, then merchants will stop accepting bitcoins as a payment option and then they demand will decline.

Who would want to buy bitcoins, if you cannot spend it somewhere? <The demand will also increase the price.> Everything must be in a balanced state. <Too much supply = price decline / No availability = higher price / No availability, but no merchants accepting it = lower price>  Tongue
8584  Economy / Economics / Re: Why Cryptocurrency threatens governments on: September 18, 2018, 06:58:36 AM
Governments are not threatened by Bitcoin at all, because they still control most of the on-ramps and off-ramps for Bitcoin to Fiat conversion. They are in bed with the Banks and other financial institutions, so they still have control over a vast area of the financial system.

Bitcoin just makes certain things more easy, like :

~ Granting financial privacy and freedom to citizens. <No more snooping in on what people are using their money on>
~ Capital Flight
~ Tax evasion
~ Global crime and cross border transactions
~ Terrorism funding <Their perfect excuse to terrorize people>
~ Removing the 100% control over currency manipulation and creation.

So, until some kind of solution can be find to prove them wrong, we will have to accept that they will be hostile towards this technology.
8585  Bitcoin / Bitcoin Discussion / Re: A simple proof that Bitcoin has zero value on: September 18, 2018, 06:33:39 AM
guys no point replying to FXsurfer..
he is now trolling like a flat earther.
just let the topic die out
and i dont think he will see the big picture about cost, utility, function that creates value

maybe, just maybe
one day he will learn that the binary digits that make up the ledger has an actual function.
that creating the database has a cost.
and for people that want and need that function are happy to pay the cost of its creation.
but until then. no point going around in circles, unless he is ready to learn the big picture stuff

franky1 his goal was never to prove that Bitcoin has no value, it is just some click bait noise to confuse people. He is one of the well known shills on this forum and no matter what counter argument you bring here, he will have some crazy misdirected answer for that.

Just post your counter argument to clear up the possible FUD that are being spread by him and be on your way, because no debate will change his mind. <The goal is not to have a good debate about this, it is just to spread FUD>   Roll Eyes
8586  Bitcoin / Project Development / Re: Bitfortip.com | Tip Bitcoins as an incentive | Earn Bitcoins for being helpful on: September 18, 2018, 06:12:28 AM
Ok, let's give it a try. I send you a PM with my username on your site. Strange thing I noticed while I was browsing around and testing things, was when I used the "Copy to Clipboard" on the Bitcoin address, it pasted a whole different Bitcoin address that was copied from the one provided on your site for my account. <Hope I do not have any strange Malware/Clipboard Hijacking going on>  Roll Eyes

I will test this a bit more and see what is going on.  Roll Eyes <Looks like the problem is on my side>  Angry
8587  Economy / Economics / Re: "Old World Problems" on: September 18, 2018, 05:45:01 AM
OP, you once again highlighted some of the real reasons why this technology is so extraordinary. Global remittance has exploited people in developing countries for years and there were almost no competition for them. Now, Bitcoin came on the scene and it disrupted their monopoly and we are seeing a lot of changes as a result of this.

People should stop focussing on the profits that they want to make from their investment in Bitcoin and rather appreciate the disruption that this technology has initiated in industries where there were no alternatives and total dominance by some centralized entities.  Wink 

Please provide a link to your Blog, your entry was very constructive.  Wink

Exactly, Making profit sparks interest in Bitcoin when it comes to the end of the day but the thing that I love so much about it is how many problems it can actually solve. There is an automotive performance shop in town that apparently has cars shipped in from wealthy folks on a different continent to have work done. Do these people pay with wire or check? No, They pay with bitcoin. Let's just hope the wealthy do not construe this tech any more than they have with price manipulation and make it hard for developing countries to implement to save their failing economy...I will be watching Zimbabwe very closely with their current crypto talks!

And I'm actually one of the Co-Founder's and Chief Creative Officer for VegaWallet -
All of my blog posts go on their official blog and I didn't want to insert a company plug where it wasn't needed! Wink Sometime it's nice to be a regular BitcoinTalk user

Zimbabwe will be a bad choice, because their political decision making is killing their economy and Crypto currency investment is still very low, compared to M-Pesa. If you want to watch Crypto currency grow in Africa, you need to look at South Africa and also Nigeria to take the lead. <I travel for work in Africa and I have been to both of these countries and I can tell you that both these countries are already the pioneers and leaders in the Crypto currency scene in Africa>

Reason, why I asked for the source was to prevent this thread from being flagged as plagiarism.  Wink Just give credit to the source, even if it was your article.  Grin
8588  Bitcoin / Bitcoin Discussion / Re: ETF REJECTION on: September 18, 2018, 05:32:08 AM
Most of the early adopters agree that a ETF approval will do more harm than good in the long run. The short-term impact will be a sharp increase in the price, but this will be short lived, because the injection of large amounts of speculator based investments might cause higher volatility.

These speculators will be very jumpy and they will panic at the slightest indication of any bad news, so we might see large amounts of money coming into Bitcoin, but as soon as we see any bad news, these investments will be pulled and the price of Bitcoin will take a nose dive.  Roll Eyes
8589  Bitcoin / Bitcoin Discussion / Re: Bitcoin is worth more use of gold? on: September 18, 2018, 05:24:01 AM
Actually what Krugman said is true, the biggest problem in bitcoin is the transaction fees.
If the fee of bitcoin can be reduced than currently, many peoples won't afraid to lose their money when using it as a daily currency.

Krugman is talking out of his ass, like most of the people who does not regularly use Bitcoin as a payment option. Since the introduction of SegWit and also the Lightning Network, high fees has not been an issue. People like him most probably are still using legacy addresses and high fee setting to transfer bitcoins or to do payment.

Someone should demonstrate to these people how fast and cheap Bitcoin is, with SegWit to SegWit transfers and better yet, the Lightning Network.  Roll Eyes
8590  Economy / Economics / Re: "Old World Problems" on: September 17, 2018, 07:40:00 AM
OP, you once again highlighted some of the real reasons why this technology is so extraordinary. Global remittance has exploited people in developing countries for years and there were almost no competition for them. Now, Bitcoin came on the scene and it disrupted their monopoly and we are seeing a lot of changes as a result of this.

People should stop focussing on the profits that they want to make from their investment in Bitcoin and rather appreciate the disruption that this technology has initiated in industries where there were no alternatives and total dominance by some centralized entities.  Wink 

Please provide a link to your Blog, your entry was very constructive.  Wink
8591  Bitcoin / Project Development / Re: Bitfortip.com | Tip Bitcoins as an incentive | Earn Bitcoins for being helpful on: September 17, 2018, 07:27:48 AM
Just want to congratulate you on doing some great work on advertising and marketing of your site. I think a lot of people neglect that part of their concept and projects and then things goes south very quickly.

At first I thought this was an attempt to bring back a tipping platform like ChangeTip, but on further inspection I realized that it was something totally different. Good concept and a great idea.  Wink

I will try it soon on some things that I have been searching for.  Grin
8592  Bitcoin / Press / [2018-09-14] Bitcoin brawl: Cryptocurrency ‘celebrities’ get in heated exchange on: September 17, 2018, 07:09:14 AM
'This is exactly why no one likes to debate Roger because he does stuff like this,' Song exclaimed. - I am glad he said it, because Roger Ver's primary strategy when he debate someone is to assert dominance. He wants to be the Alpha male and he wants people to know that.

The unions in our company often try the same tactics and they also try to push your wrong buttons to unsettle you, so that your thought pattern is interrupted and this force you to make mistakes in your presentation.

You will often see Roger Ver making controversial statements or using personal attacks to evoke anger in his opponent. This might originate from his training into Martial Arts, where you have to intimidate your opponent to break their concentration.

All of this are cheap tactics and easily identifiable by the trained eye.  Wink Take Roger Ver on at the technical level of the technology and his wheels falls off.  Grin
8593  Economy / Economics / Re: Newbies panic & Old timers smile, when the Bitcoin price take a dip. on: September 17, 2018, 06:40:48 AM
I think the newbie seems to want to rush to get rich. And bitcoin is down making them frustrated and can't wait to wait for an increase. I think everyone must be patient waiting for the increase in bitcoin. Because surely bitcoin will increase over time.

It is this "Get Rich Quick" mentality that are causing the most problems. In 2017 a lot of people made some very good profits and a lot of newbies wants to emulate that, but the problem is that they do not want to wait a few years for that to happen, like the old-timers did.

So what is the direct result of their impatience? The answer is simple, they sell too early and then they lose money. My best advice to these newbies will be to forget about the performance of previous years and just to focus on buying as many coins as possible, in times when the price is low. <Your 2017 will happen, just be patient>  Tongue
8594  Bitcoin / Bitcoin Discussion / Re: how governments can regulate digital currencies? on: September 17, 2018, 06:32:42 AM
Most governments already targeted the on-ramp and off-ramp for fiat to Crypto currency conversion, so regulation already cover a large portion of the transactions that are done via centralized exchanges. Regulating P2P tx's and also tx's that are done via decentralized exchanges is more difficult, but it only represents a small volume of the total tx's that are being done.

The governments also have a good hold on the payment processors and all the merchants that accepts bitcoin as a payment option. So gathering information on Crypto currency use, is a lot easier than what it was a few years ago.  Tongue
8595  Economy / Gambling / Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live! on: September 17, 2018, 06:23:43 AM
Onto the topic, I think yes it would be good to see the house edge a bit lower and people would be more interested, if you can get everything with just a 3% edge then that's even better than the 5%.

That's 40% reduction in income. That would mean a 40% reduction in spending. That would mean we were just like all the other sites.


But when your chef quits you have to change the way you run things to keep up your reputation Grin.
I apologise for touching some sort of soft spot here but clearly, reducing the house edge to 3% would make it a greater site to play on and also mean you'd giveaway more lottery tickets, meaning, if people buy them, you go in profit if they try and get the same percentage each round or something.

He hasn't quit, he's taken on extra help as his business model works so well it is now too much work for him alone.

Nope, you will not be like all the other sites, you will be in a better position to be competitive with them. A 1% reduction will already place you in a better position to compete with other gambling sites. When you changed the business model from a faucet site to a gambling site, you effectively changed the original concept and the original goal for this site.

When you were mostly a faucet, you had to subsidize the faucet payouts with the gambling income, but now you are re-defining yourself as a gambling site and that changes your target market. Gamblers wants a low house edge and a fun experience. <Do you think the Multiplier is a fun experience?>  Roll Eyes
8596  Bitcoin / Bitcoin Discussion / Re: Banks will always be against cryptocurrencies? on: September 17, 2018, 06:12:15 AM
Banks are interested in Blockchain technologies, because it will streamline their business and that would put more money into their pockets. The savings as a direct result of more efficiency will not be channelled to the clients, but rather into shareholder pockets.

Banks will hate any technology that might cause their client base to shrink, because there will be less money being deposited into Bank accounts and less money for them to make available as loans.  Roll Eyes
8597  Bitcoin / Bitcoin Discussion / Re: Stop being pessimistic. The potential of bitcoin is still immense! on: September 17, 2018, 06:05:27 AM
I think the crypto market is just in an initial stage of expansion and occupies a very small and insignificant place in the global economy. For that reason I do not understand the great pessimism that many times is observed in those who have invested some money here, as soon as they observe some eventual fall in the price of bitcoin.

At some point I read an article in which bitcoin was already among the 20 most important currencies in the world (displacing many fiat currencies), so I have no doubt that the growth potential of this market is still immense and we can still consider ourselves as early adopters.

So which articles are those? Source..  Huh Many countries does not acknowledge Bitcoin as a currency, so I am curious. The problem with Bitcoin investors these days are the fact that everyone is expecting a repeat performance of 2017 and now that it is not performing in the same way, people tend to trash it with pessimism.

In the beginning it was all about the technology and lately it is all about price.  Roll Eyes
8598  Bitcoin / Bitcoin Technical Support / Re: How useful is Backup against Ransomware on: September 16, 2018, 08:41:13 AM
My best practice is to do incremental backups, where previous backups are not being over-written by newer data that are added later. I also keep a hard copy of previous backups, separate from newer backups to stop cross infection.

You need to keep the copies of your backups as total separate copies. Once you access previous copies, those backups can be infected too. So only use copies of original backups, when you do the restore. <not the originals>

The cost of the backups might be more, but the re-installation will not be from infected originals that are being overwritten over and over again.  Roll Eyes
8599  Economy / Gambling / Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live! on: September 16, 2018, 08:30:07 AM
I second that  Wink  I think Wetsuit fine tuned this operation to the tee and any change in the house edge will unbalance the whole thing. Let's rather accept that a higher house edge is necessary to cross fund other features on the site and be done with it. We do not want a lower house edge with less features, right? Freebitco.in is a streamlined engine and too many tinkering will cause damage to the well oiled gears of the operation.  Tongue

Can we not start a new line mid sentence, it's causing me quite a headache.
But yeah in some ways it probably is quite streamlined, I think giving 0.4% of what is wagered is quite high but if it works then fine (I'd be up for the idea of reducing the referral bonus since thequin wants to attract noobs who probably won't find this site through others and are more likely to stumble across it in other places and on this forum)...

I disagree. Dropping the house edge will pull the customer base you should be targeting, not the faucet suckers that are sucking the place dry at the moment. Freebitco.in is not a faucet site anymore, so there is no reason why we should add higher referral bonuses to attract these non-gamblers.

I think gamblers are looking for sites with the lowest house edge and by dropping the house edge, we would be drawing in the target crowd that we should be targeting.  Wink
8600  Economy / Economics / Re: Newbies panic & Old timers smile, when the Bitcoin price take a dip. on: September 16, 2018, 08:03:33 AM
Now creating a new account in this forum is useless, for beginners who want or focus on ranking is no longer easy because of the merit. So I suggest that beginners should not be too focused to rank in order to join the campaign. Because not many people want to give merit. True what you say, if you have enough capital, beginners should focus more on investing in buying and selling bitcoin by utilizing the ups and downs of prices.

I am not saying, joining signature campaigns are a waste of time. Nope, that is just one of the ways to get some more coins. The problem is that most newbies are too focused on signature campaigns and getting payment from these campaigns to increase their Bitcoin totals.

They should continue posting constructively on the forum and acquire more coins from signature campaigns, but this should not be their only strategy to increase their coins.

It took me several years to rank up to Legendary and it will take some members even longer to reach that level, so if they put all their eggs in one basket to get some coins, then they will waste a lot of time to get some cheap coins now. I still buy a lot of coins on the dip and then I sell some of them to make some money to buy when it is low again.

The main focus should be to increase your coins, and not to wait 3 or 4 years to rank up on this forum, just to possibly join a paying campaign to use that as a strategy to acquire more coins. Start now, by buying coins or selling things to buy some coins, because Bitcoin is not waiting for anybody.  Wink
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