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I don't think there should be any discrimination. Everyone who's the least bit comfortable with technology can blend in seamlessly. Beliefs are a different issue, but it's completely up to the person if they can be open minded to new ways of doing things. That being said, I suppose it's more common for younger people to tick both boxes.
I still don't think Bitcoin should be "marketed" though, or at least not in a traditional way. There are way too many scams that involve crypto that people are going to be skeptical. The best way to increase adoption is to demonstrate use cases and utility. Basically, spend and be a bit loud about it, and try to avoid discussing profits.
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to who do you mean one would pay a small charge?  The forum itself. I personally haven't experienced it, but it's probably quite procedurally similar to paying for a Copper Membership: Q: Why is my IP banned? What are those units of evil?
A: Your IP might be banned because it was used by a user that got perma banned. Don't worry - IP bans decay over time if there's not too many of them during a small period. If you register using a banned IP, are using TOR, VPNs or well known proxies, you will have to pay a small fee. This is to prevent spammers while allowing legitimate members to post without many restrictions.
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what do you guys think of debit cards which convert bitcoin into fiat first before transaction?
I personally think they're quite useful because they provide an alternate way to spend your coins. I can see why they can rub some people the wrong way though. doesn't it defeat the whole purpose of having a crypto debit card?
Crypto itself kind of defeats the whole purpose of having any debit card. If everything goes well, they'll be obsolete in the future. |
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Ok ... but what if investor confidence drops? What if supply outweighs demand by a ten fold? What if, what if ... You know that a ETF isn't going to be approved in 2018, so scratch that. What other catalysts are there? Lightning certainly isn't going to be mainstream in 2018.
Then the market turns even more bearish. I personally don't think we should be searching for a quick fix just so we can see another bull run at the year's end. Custodians seem to be really starting to gear up though, so they may know something about the situation that we don't. I'm not sure how I feel about institutional money flooding in, but if it's going to happen, it's going to happen. |
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At some point, it took a mere 42 days to get your ROI for cash invested in ASIC miners and yet Bitmain never went into mining themselves because they knew it was for a brief period.
Wait what? Bitmain does run their own mining farms. They're even accused of selling miners that they've already used themselves. I sense something sinister with their plan. Likely to reduce the company 's risk by transferring it to new investors.
I'm not sure about sinister, but it does strike me odd that a company as profitable as Bitmain would want to go public. It kind of makes you think that the recent reports of losses do have something to do with it. I don't think they're in any immediate danger though considering their current position in the market. |
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Thank for your reply.
I checked the whole list and no one seems to deliver virtual card.
I checked wirexapp but they don't even show the virtual card product on their website. I guess they got the same wave crest problem.
Wirex does come with a virtual card If I remember correctly. They even have a demo here: https://www.youtube.com/watch?v=xIWJKtYbguMThis also sort of implies that they're over the Wavecrest issue: https://wirexapp.com/wirex-payment-cards-back/ |
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Sometimes there is a dilemma when you see that the market drops hard and you need to take some actions. You were not ready for this eventuality and we can call it emotional trading, but in the end it can save some part of your assets.
Just as an addendum, avoiding emotional trading doesn't mean you don't sell when the prices drop. It means you don't sell just because prices dropped. You study the situation and make an informed decision. If selling makes the most sense, you should go for it. |
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i sometimes wonder about if Bitmain wasn't demonized this much because of the incidents of last year, then would people still talk about Bitmain's revenues, their IPO, ... and whether they would still speculate about their bankruptcy and demise?!!!
it is interesting because Bitmain wasn't created yesterday! they have been around a long time and only from mid 2017 they became the center of attention!
Probably? I mean, it's not just about Bitcoin Cash. They seem to have shady business practices, being accused of shipping used mining rigs as new. They also basically have monopoly of the ASIC market, and control a very significant chunk of the hash rate. They're very powerful -- too powerful, even, that they have a target on their backs. OMG altcoins that use GPU OMG bitcoin GPU mining in 2011-2013 AMD(ATi) have monopolised the market and are controlling 90% of hashrate (note sarcasm) P.S yes they sell alot of rigs. but one man cannot juggle 10 balls and control it all though bitmain are very savvi. they actually lease facilities for private companies to manage. meaning the guys in charge of the pool and software are not jihan wu himself but anyway. loads of people will continue with the "china control btc" scripts funny thing there are several facilities in different locations. this can be seen by just looking at the minted coin block reward receiving addresses. and yes one facility even uses bc1q addresses. which shows there is diversity even if those different facilities and management have been tagged under "antpool" also antpool facilities are not just in asia.. just saying people dont check the context and investigate the numbers. So what is your point exactly? I just stated reasons why people may have a negative view of Bitmain besides the forking issue. Just because they have near monopoly of the ASIC market doesn't mean that they control anywhere near 90% of the hashrate, and nor was it implied. It just means there are few good options and people may want more. No one ever said that they control Bitcoin either (and no mention of China anywhere), just that they generate a lot of hashrate -- leasing doesn't change that. People do have reason to be wary about that. It seems like you exaggerated everything I said just to make an argument. |
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As far as I know, there isn't a futures market in bitcoin.
Bitcoin futures have been available for a while now:
https://www.cmegroup.com/trading/bitcoin-futures.html
Misunderstood that. Thanks extasie! Futures backed by real bitcoin is what the market really needs. It taps in to the rich resources of large institutional investors who do not wish to go through the hassle of purchashing bitcoin themselves but it actually has a direct influence on the price unlike all of the current futures we have. It will also with that make manipulation using futures far more difficult. I would actually hope to one day see only physically backed futures but I doubt that will ever happen.
I see where you're coming from. Some people are against it though, because it gives financial giants motivation to hoard massive amounts of coins. It's going to drive up prices like crazy for sure, but it also gives them a very sizable influence. |
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i sometimes wonder about if Bitmain wasn't demonized this much because of the incidents of last year, then would people still talk about Bitmain's revenues, their IPO, ... and whether they would still speculate about their bankruptcy and demise?!!!
it is interesting because Bitmain wasn't created yesterday! they have been around a long time and only from mid 2017 they became the center of attention!
Probably? I mean, it's not just about Bitcoin Cash. They seem to have shady business practices, being accused of shipping used mining rigs as new. They also basically have monopoly of the ASIC market, and control a very significant chunk of the hash rate. They're very powerful -- too powerful, even, that they have a target on their backs. |
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if that's what you have, I just advise you to staking coin on your wallet check in this site https://masternodes.online/, buy coins and save in your wallet open your wallet 24/7 and you get reward this is much easier  . Just a heads up: you can't earn Bitcoin directly this way. It's true that this can be profitable even with a very modest setup, but a lot of masternode coins are scams. Initial costs are also usually expensive enough that you might as well buy a mining rig setup if it would be profitable for you. |
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they aren't really IOUs though. that implies trust and custody. in LN, the trust aspect has been eliminated by the use of multi-sig contracts. they are some sort of "bitcoin substitute" but there is no trust involved.
That's kind of why I said "essentially." They're IOUs in a sense that everything is settled on-chain later. lightning isn't exactly replacing hot wallets IMO. lightning = hot wallets. it's impossible to use LN without keeping your private keys online. that's by far the biggest problem, and why i will only ever use it in a limited capacity.
I didn't say they were replacing hot wallets, I said they could replace them for some people. As in, a person has an option to use it or not. On-chain purists can choose to ignore it completely and keep their hot wallets completely on the blockchain. |
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To clarify, they did lose money in Q2, but they have still been very profitable for the year. They haven't exactly been doing well as of late, which isn't very unexpected given the status of the market, but it's not like they're on the ropes or anything. There is a clear downtrend but they're not about to file for bankruptcy anytime soon -- even without the IPO. As for their motivations behind this, could it be the impending arrival of competitors? News about a Samsung partner entering the mining ASIC industry came out recently. Maybe they want to maintain near-monopoly of the market? Bitmain doesn't have the best reputation so I'm sure lots of people will jump ship once a decent competitor comes along. |
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No one is saying that Lightning is doing on-chain transactions, frank. Plus no one is saying that Lightning will replace on-chain transactions because we need on-chain transactions to open and close Lightning channels in the first place.
He's upset about the Lightning Network because it's essentially a bunch of IOUs, which, he is arguing, is not Bitcoin anymore. I do get where he's coming from. But yeah, I personally think it's a welcome improvement. It's a potential game changer and it's optional, so even the most hardcore purists can ignore its existence. Lightning is essentially just an option to replace hot wallets at the end of the day, and I'm sure people will still keep a vast majority of their funds on-chain anyway. |
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The best marketing you could possibly provide is actually using Bitcoin and asking merchants to accept it. We've reached a point where traditional marketing can't really affect adoption much because everyone has already been introduced to it one way or another. What most of them don't know is that it's more than just an "investment"; that's the area where we need to fill them in.
As an added point, I feel that billboards, commercials, etc. can very easily backfire because it would feed into the ponzi mentality. People who spend money on this stuff are inevitably going to have their motives questioned, and the line between marketing for adoption and for driving prices up could blur for the general public.
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It seems like this guide is for Ethereum anyway, so you may as well go all out by only using the offline version of MyEtherWallet. This method is completely immune from phishing attacks for as long as it's done correctly. |
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Scam ICOs is one of the reasons why regulations is necessary. [...]
Regulation can't cure stupid. I agree. To be fair, nothing can cure stupid. The information campaign against ICOs seem to be working to some degree, but there's really no way to eliminate scammers and their victims. ICO regulations should help somewhat towards that end by making it more likely for scammers to face consequences. |
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For now. It changes every so often. It was stable at $10k a while back, then $8k, and now at $6k-ish. I know saying it changes a lot and that it's stable is contradictory, but you know what I mean. Bitcoin's market value doesn't play under the same rules as traditional assets lol.
If you're asking about the support level though, ~$6k is still a good number. The lowest Bitcoin has gotten this year (and the only time it went below $6k) was around $5.8k I believe, and that was only for a few hours.
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I guess I don't really get why any "regular" person would be worried about KYC verifications. I mean, if they're already getting paid in check or direct deposit by their employer, then that means their bank knows exactly how much money they deposit and withdraw. On the other hand, if a person is making cash on the side or even full-time, then I can totally see why they would want to go this route. I guess I'm still confused why so many people use it? They can't all be making unclaimed cash...
Because the fewer entities that have your data, the less likely it would be compromised. You also definitely don't want to hand it over to entities you don't trust -- exchanges potentially fall under that because a lot of them are unregulated. That's really all it is for most people. Some value privacy a lot more than others. |
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-snip-
Exactly, being poor is subjective. Other's might consider themselves poor because they don't have a stable job. But those who have jobs can't even get 3 good meals for their family on the table. So its really hard to draw the line. And being poor is a choice. If you don't want to live into the poverty then by all means do everything in your control to make your life comfortable. I couldn't disagree more. People live under different circumstances. If poverty were as easy as telling people to work harder, then it wouldn't be a global problem. Governments are supposed to provide everyone with opportunities. If you were given an opportunity and you squandered it, that's your fault. If you were born poor and the government didn't try to help you in any way, then they share a huge part of that blame. Case in point: Venezuela. 87% of their population is estimated to be below the poverty line -- how hard should they have to work? Is it still their choice that they were poor? I don't necessarily support getting rid of governments, but I can see why some people push for it. |
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