Cave art is not innovation, it was a method to communicate and a way to tell stories.  Also, Tesla invented all these technologies to fund his other experiments. <How do you buy all these expensive tools and materials, if you are not asking any money for the end result?> People are definitely motivated by money, because it allows them to eat and pay for a roof over their heads. So without all of that, these innovations will not have been possible. <Artists and Entrepreneurs have to eat and sleep like the rest of us.> |
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I have a family member working for a local news media outlet and he says that his editor is only interested in articles that will attract attention and that would draw people to their site. They have to look for all the juicy click bait stuff and they are under tremendous pressure to come up with articles that would draw in the crowd. <It is all about the numbers and the money these days and ethics have made way for greedy shareholders to demand higher profits> He says some stories are even fabricated to bring in the numbers, because it is all about the money. Now add to that, the lack of knowledge about Crypto currencies and also deliberate FUD being spewed out by the media and you have a perfect shitstorm. |
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The goal is simple. Invent something that will be completely controlled and that would adhere to all the rules and regulations of the people in power to approve it. The twins are basically abandoning Bitcoin, because everything linked to Bitcoin is being denied. They invested a large amount of time and money into Bitcoin projects that are not bearing any fruit. <Gemini/Bitcoin ETF etc.> They are in this to make a large profit and everything they are doing for Bitcoin is being turned down by the puppet masters, so I can understand why they are trying something new to appease the gods of the financial system. I think they're trying to drive more liquidity to Gemini. Tether obviously has a big market share. If they can take a bite out of that, some of that liquidity should find its way back to Gemini's order books since it'll have the most liquid GUSD markets. I'm not sure how successful it'll be, since Gemini has pretty tough verification requirements vs. Bitfinex. But I'm really curious to see how this all turns out -- how much GUSD gets issued and what the secondary GUSD markets end up looking like. I think it is a bad idea, because Tether received a lot of bad publicity and investors will automatically shy away from this, based on Tether's history. The barrier to entry into Gemini will also prevent large scale exposure to this, so it will not add a lot of liquidity, if there is no large volume trading being done. Yea, I am also curious to see how this pan out, because this is a novel angle to inject Crypto into Wall Street. |
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Ok, if I understand this correctly,
You are almost correct! you want someone to deposit bitcoins into a digital wallet and the moment he/she "burns" that wallet, the software must award the person with another "token" from another Alt coin that you created.
Let's call it a "system" - something like a wallet but its entirely hosted on the 'internal network' of the "system". At the beginning the internal network may only be compatible with a few coins or tokens and additional tokens / coins can be plugged into the system -so that when those inputs are enabled the same 'Phoenix' would also be available for those burning events. So in a sense, you still want to destroy bitcoins by burning them, but you want to reward people with another token for doing that.   Yes, and there will obviously be a cap to how much phoenix can be generated overall so there is - in theory - a limited supply. In that way the early burners will get larger rewards. But the rewards will be locked in a way that not all of it is given away at once. That locked reward is something I'd like to call " Ash". The ash system in the early days of the product would mature into Phoenixes at a much slower rate than -say 4 years into the project. This way the early adopters are still rewarded well but not enough to make them whales. Should this software also be "compatible" with other Altcoins, for a broader use case? <Something like the Lightning Network that can be implemented as a second layer on several Blockchain compatible coins or a standalone software solution?>
Let me put it this way : In long term the purpose of this coin/token is to burn away excess digital assets. In a way I want it to not only be able to accept crypto inputs but anything and everything that has a "value" digitally. Remember, value is something that will be determined by the usd price of an asset in the free market - which is another aspect of this project in the future - setting up a free market where ANY digital asset can be traded and " burned" to get Phoenix coins as rewards. Ok, I understand the concept, but why would people want to burn a high priced coin like Bitcoin, for a possible lower valued Phoenix token? Will this be a 1 to 1 reward for the bitcoins that are burnt or would the person burning his bitcoins, get a equal valued amount of tokens for the bitcoins he burnt? Say, 2000 Phoenix tokens valued at $500 for 0.07841 bitcoin valued at $500 <at todays value of $6 377/bitcoin> Is the exchange for burning bitcoins an economical decision or just a little reward incentive for doing it? |
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It all depends on the requirements of the campaign, because posting requirements change from campaign to campaign. Some campaigns might exclude posts being done in specific areas of the forum, example : Games & Rounds, Investor-based Games, Lending, Auctions, Meta, Politics & Society, Beginners & Help, Off-topic, Archival, Local. Some might say that your posts length must be, say a 100 characters minimum and your post was shorter or you posted more than the post limit per day. <They do not want people to post all their posts in 1 or 2 days, they want it spread out over a week> Just read the rules of the campaign and you will spot the reason for those posts not being counted.  |
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I used to keep my crypto coin and toekens on harware wallet but a few I keep on a online wallet
This is real problem, keeping funds on hardware wallet is quite safe but not so easy to access like in simple online wallet. Paper wallet is free and safest but also more pain in a** to use for day to day usage. It should not be a pain in the a**, if you manage it correctly. I took some bitcoin and I split it into smaller chunks <0.1 BTC per wallet> and I transferred them to some paper wallets. When I need some bitcoin, I just sweep the private key into my desktop wallet and within a few minutes that bitcoin is available to use. In my opinion that is the safest way to store bitcoins and you do not have to worry about exchanges getting hacked. <In some instances, this will not work, if you have large Sell orders pending.> |
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You can also add to that statement, that all transactions are visible on the Blockchain and even if they used Mixer services, these transactions can still be traced back to them. We do not know who are behind many of the smaller Mixer services <It might be some government, collecting information.> As you said, Cash is still King for most of the criminal activities that are done 100% anonymously with cash.  I have yet to find a drug dealer that accept Crypto currencies on the streets for his/her goods. <Well, I am not interested in that junk, but someone would have mentioned it in some publication or news media outlet>  |
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This and some basic common sense, will prevent you from being banned. The whole point of this forum is to create a platform for people to discuss Bitcoin and some other Crypto currencies in designated areas on this forum. If your goal is to improve your knowledge about Bitcoin and not to use this forum to promote your own agendas, then you will be fine. People who come here to scam people and to enrich themselves, will face the ban hammer by the moderators. Enjoy the forum and the wealth of information that are provided free of charge and become a constructive contributor to this forum and you will be fine. |
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Ok, if I understand this correctly, you want someone to deposit bitcoins into a digital wallet and the moment he/she "burns" that wallet, the software must award the person with another "token" from another Alt coin that you created. So in a sense, you still want to destroy bitcoins by burning them, but you want to reward people with another token for doing that. Should this software also be "compatible" with other Alt coins, for a broader use case? <Something like the Lightning Network that can be implemented as a second layer on several Blockchain compatible coins or a standalone software solution?> |
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The goal is simple. Invent something that will be completely controlled and that would adhere to all the rules and regulations of the people in power to approve it. The twins are basically abandoning Bitcoin, because everything linked to Bitcoin is being denied. They invested a large amount of time and money into Bitcoin projects that are not bearing any fruit. <Gemini/Bitcoin ETF etc.> They are in this to make a large profit and everything they are doing for Bitcoin is being turned down by the puppet masters, so I can understand why they are trying something new to appease the gods of the financial system. |
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Healthy Competition is good, but when Roger Ver entered the scene, it turned from healthy competition to something toxic. He is using some filthy tactics to attack Bitcoin <BTC> and this evoke some negative actions from a large group of people, who are not going to allow him to spread fallacies and to attack Bitcoin in such a way. Expect people to push back, when they are being pushed and stop crying if people gets hurt, if they initiated the hostile actions. BCash should never have used these dirty tactics, because it is already biting them in the ass. If people shy away from a scenario where Bitcoin <BTC> supporters are fighting against a hostile takeover, then let them go. We will continue to fight for Bitcoin <BTC> no matter if they are on-board or not. |
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Andreas Antonopoulos is the real deal. You do not get anyone else in the Bitcoin community that are more admired for his passion for Bitcoin, than him. He is making a living on spreading the word about Bitcoin and his controversial statements are mostly directed to the injustice of this world. <He will not turn his back or keep quite, if people are being exploited and that goes for anyone, no matter if you are some corrupt government or if you are the CEO of one of the biggest companies in the world> His contribution in the Canadian senate/parliament was epic! |
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Find an online market place in another country that accepts Bitcoin as a payment option and start buying some goods and then get that shipped to your country and then sell that for a profit in your country. Alternatively, you could visit a country where Bitcoin is accepted and you could buy some expensive goods there and bring them back to your country to be sold. I know of several people who have been doing that for years and they just pay the import and custom duties and no questions are asked. Pick the items carefully, because these items should be in high demand. <You do not want to bring something into the country and be stuck with stock that are not selling> |
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" (49%) of respondents said they were “Glad I didn’t buy bitcoin earlier, and I don’t plan to buy it” This just shows how ignorant people can be. I would guess that 48% of the people that said that, had no clue what the price was in the earlier days, because nobody in their right mind would turn their back on a %800 to %1000 return on their investment in 1 year. These people are just arrogant and ignorant at the same time, because this shows how little they know about Bitcoin. Why is the headquarters in Londen, but the survey being done in America? I would like to see the same survey being done in the UK, just to compare responses from two different continents and also two different first world countries. |
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My approach is always the same, I ask them if they know the Internet of Money. If they say no, then I introduce them to something that will blow their mind. If they say yes, then I ask a few basic questions, to see if they acquired the correct information. <The media have a tendency to spread the wrong information, so I have to rectify the harm that was done by the media> The discussions I like the most, is when they ask the questions and I provide the answers.  This way, you do not need to force feed them information that they might not want. |
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It should be common sense, because you said the contractual agreement <verbal or in writing> was for the payment to be paid, based on the $ value. The receiver want the dollar value, but they just agreed to pay with a specific coin. In this case it was Ethereum. Even if the price dropped to $1 tomorrow, then the dollar value of the final payment will not have changed. The receiver still wants the $ value in his/her pocket. |
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Well, I should say all additional full nodes being run, would add some more redundancy. When other nodes goes down and there are backup nodes, then that adds some value, right? There are on the order of 10,000 reachable nodes. So we already have ~10,000x redundancy, adding more doesn't seem like much of a value. Also, I was mostly trying to ask about someone already running one or more nodes adding an additional one-- the additional one probably goes down if the rest due, so the addition is not much value. There are plenty of reasons for people to run bitcoin nodes-- better security, better privacy... but not really any gain in having a hosting party run multiple. I cannot see why the addition of more nodes could be worthless, even if we have 10 000+ nodes already. Software are corruptible and some OS is very volatile and unreliable, so node counts will go up and down as these nodes fail. <Due to hardware & software losses> Then again, I agree with your point about an individual hosting multiple nodes in one location. <Not what I suggested> Thank you for the civil discussion on this topic, some people would just force their opinion, without even considering the pros and cons of alternative ideas. If you continue doing this --> https://bitcointalk.org/index.php?topic=1377345.0 people in 3rd world countries will not have an excuse to run full nodes. Thanks. |
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Let me summarize this article for you quickly, because it adds nothing that we have not seen in other similar attacks on Crypto currencies. 1. Bitcoin got pumped to $20,000 with the help of unbacked Tethers. 2. CoinTelegraph is the Fake News Cartel. 3. All ICOs is a scam. 1. Strange, a lot of my friends do not own Tether, but they helped to pump the Bitcoin price with fiat investments. 2. Bitcoiners should at least have one website, where Bitcoin is promoted. The Fiat/Commodity markets have the rest. 3. All ICOs are not a scam, I have invested in many of them and they are still going strong.  (Example : Augmentors) Nothing new to see, just move on. |
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OP, you get two type of investors these days. Before 2017, we mostly had "true" investors who recognised the technological innovation and the disruptive power of this technology and then the BIG BANG happened late in 2017 and every Tom, Dick and Harry wanted to invest in Bitcoin, because the price increased with more than 800% in one year. The new generation of investors is only interested in the potential profits of this technology, but most of them are forced to hoard coins now, because they came in on a ATH price and the price has dropped significantly since the ATH of $19000+ We will just have to accept that people are hoarding for different reasons. |
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Stay away from these USB password protectors. If you want real Bitcoin security, invest in some hardware wallet like Ledger or Trezor or alternatively use paper wallets to secure your coins. I have been securing coins in hardware & paper wallets for years and I have not lost a single Satoshi. Do not over complicate issues with things like USB password protectors. There are malware targeting the firmware of these USB technologies, like BadUSB, so it is exploitable. |
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