Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=950342
Rank: Sr. Member
Amount of Posts (including this one): 529
SegWit BTC Address for payments: bc1q673efkeevek2q9688hnu5uynexxj6ek329z3na

I don't think so. IEOs are new style of advertising and promoting a certain project. First of all, this does not guarantee that the project is legit. Also, your thread title is being opposed by your explanation (you are more of explaining IEO as an unsafe way than as a safe way).

IEO is the reason why I think there's only a few signature campaigns right now in the forum. Another thing, IEO is more of an UNSAFE way to join a crypto project. Buying tokens through exchanges during IEO stage will give an immediate impact to the price of the token, which is not good for small investors.

And yes, KYC is not a great thing on the part of investors. Honestly, KYC processes of these crypto projects are being done in the wrong way. As an investor, you should not disclose your personal info to people who you don't personally know. Once you give your personal info (especially your ID) to a certain project devs, the danger is already there. You should not give your trust to anyone considering that most crypto projects nowadays are exit scams. They might use your personal info for another BAD plans.

Thanks for the inclusion, OP. 🙏

Unless there's really an altcoin or crypto that can challenge it, bitcoin will remain the most valuable crypto in the world. And yes, being the first crypto is one factor that makes BTC valuable. The trust of people is already built on bitcoin, and you can't blame them esp. that bitcoin has already established its position in the crypto world.

But just like what I've said, if there's an altcoin or crypto that can really give a great competition against the bitcoin, then there's a possibility that bitcoin will be dethroned. An example of this is ETH and LTC being overtaken by ThoreCoin and Maker in value/price. Another good comparison is how Nokia and Samsung beat Motorola (first company to make mobile phones) in terms of most popular phone brands.

I don't think it's BS at all, considering that Libra has actually the potential to become the next big thing. I don't also see this as an advertisment strategy at any point. Why would these new accounts waste their time creating new accounts just to talk about Libra? I don't get the point.

Remember the time when Friendster is still the top social medium in the internet, then here comes the Facebook making a surge to the top.

That's also the reason why I think the US government is putting pressure on Facebook's Libra. Taking into account the success of Facebook as the world's most popular social medium, there's a huge possibility that Libra will be the next big thing in the world of cryptocurrency.

Anyways, going back to the OP, I really think that the issue about Libra has something to do with the bitcoin price. Bitcoin and altcoins has this chain reaction. f you're a great observer, you will notice that mind conditioning plays a huge part on the decision making of the crypto holders/owners, thus affecting the market as a whole.

PM'ed you.

It's more complicated than you think. Governments are still hesitant to fully implement or allow cryptocurrencies to run in their respective countries. There's a lot of thing that should be considered when it comes to implementing cryptocurrencies.

First, every country has already its own currency (fiat). What's the point of using cryptocurrencies if you already have your own currency that can be used in business transactions? Okay, let's say cryptos will make the transaction faster, but is it really a guarantee that the transaction will be faster using cryptos than using fiat?

Second, TAXATION. Due to cryptocurrency's volatility, taxation will be a hard thing to monitor if ever companies will fully implement fiat-less transactions. Let's take bitcoin as an example. Almost every hour, there's a significant change in the value of bitcoin. With that case, there will be some confusion with the income tax of the company (esp. that tax are collected in fiat, not in crypto). It will be a chaos if that happens.

Am I qualified?  

Name: ramsadj28 (Thread/portfolio) (Profile) (Send him message)
Rank:  Legendary
Payment methods: BTC, ETH, TOKENS
Past experience: Managed successful campaign like ShipChain and designs a lot of signature designs
Services he offers: signature and avatar designs, campaign managements, ANN Thread creation

Thank you, OP ^_^

There's only one thing you should think of if someone says that again to you: OPINION. Yes, it's just their opinion. They believe what they think is true. Everyone's entitled to have an opinion, but it doesn't mean that what they believe is always true.

We have what we call individual differences. The Earth is round (figurative language). We live in different parts of the world. We grew from different environments, different cultures, different customs, etc. You might be able a thing that other people can not do. You might eat a food that other people can not eat. There will always be differences. Even the identical twins are not identical. 

My point here is this: it's already a nature of people to be radical. We think differently. Someone will say that you are ugly, but it doesn't mean that you should believe what he said. As long as you are not hurting anyone, just do what you need to do. Believe in yourself. Take other's opinions as your fuel to be a better person and a better member of your society.

Cryptos being manipulated is partially true. Let me explain.

Cryptocurrencies are manipulated. These are manipulated in a sense that there is no equal distribution of tokens, coins, and other cryptos. We have what we call WHALES - people or group of people who holds a larger portion of the total supply of a coin. There's a huge tendency that these whales can control the value of a certain token or coin they hold. One way of doing so is by moving huge amount of their tokens in the market/exchange, selling it at a certain value/price, and buying it with their EXTRA ACCOUNTS for the value they requested in their primary account.

For example:

A certain token, let's say TOKEN A, has a total supply of 1,000,000 tokens. One whale holds 50% of it (500,000 Tokens). The starting value/market value of that is $1. Then the  total cap of this token is $1M. Let's assume that the other 50% is being distributed by 50,000 people (each has 10 tokens). If that whale put 100,000 tokens in the market and sold it for $2 per token, then bought it with his/her other accounts at $2, there will be an adjustment in the current market cap of TOKEN A. That will also affect the value of the tokens distributed among the 50,000 people.

1,000,000 Total supply @ $1 per token = $1,000,000
100,000 tokens sold @ $2 per token = $200,000

900,000 tokens will remain at $1 each before the remaining 100,000 tokens is sold at $2.

900,000 tokens @ $1 per token = $900,000
100,000 tokens @ $2 per token = $200,000
NEW TOTAL CAP = $1,100,000
1,100,000/1,000,000 = $1.1 -----> new value of 1 TOKEN A

I do think his comments slightly affect the bitcoin market (most probably the small investors). But as of moment, the value of btc is up by around 7% from yesterday. The small investors are the mostly affected by this comments of Trump because it might put some questions in their minds.

But for the whales and big investors, Trump's statement about bitcoin and other crypto is just a mere opinion. These whales know what they are doing (considering they're crypto experts), and that there's nothing to fear about what Trump has said.

Also, bitcoin is expected to make another leap in value IF Facebook's crypto survives congress hearings.
(https://www.coindesk.com/bitcoins-price-could-rise-if-facebooks-crypto-survives-congress-hearings)

Your thread title is confusing and misstated. I am from the Philippines and I don't see PHILIPPINES SUPPORT CRYPTOCURRENCIES. The link you provided say's CITIZENS, not the countries as a body.

Philippine government doesn't support cryptocurrencies at all. The government created a regulatory board that will regulate the usage of cryptocurrencies in the country. Although they already gave license to some companies that works on cryptocurrencies (e.g. coins.ph), the government warned the public about the risks of investing in cryptocurrencies considering its volatility and nature.

On the other hand, there are still many Filipinos who are using cryptocurrencies esp. bitcoin, and the number of users are still increasing. Just like what I've said in my other posts on other threads, the government can't easily stop cryptocurrencies in their country. The best thing they can do is to regulate the use of these electronic assets, and to keep on reminding the people about the risks of it.

Take my comments as opinions. Do not take it seriously or make it a factual context.

I see two reasons why Trump said this.

1. GOOD THING:
Yes, he is correct. cryptocurrencies are not MONEY but ASSETS that can be exchanged for REAL MONEY.
Volatility is also one of the bad characteristics of a cryptocurrency. Unlike fiats, cryptocurrencies doesn't have stability in terms of value. Investing in cryptocurrency is actually a bad thing to do esp. if you are using your hard-earned money (i.e. salary) for investment. Investing in cryptos is like putting your money in danger.

2. BAD THING:
The other reason that I'm thinking why Trump said that is because he might be planning to create his own cryptocurrency. ALthough it might be contrary to his latter statement (cryptos are not money), he might just want to get people's trust esp. that he's known as one of the richest people on Earth. If that's so, he can control his own crypto and might beat the bitcoin as the best crypto of all time.

Again, these are just opinions. I accept criticism, but these are my views.

I don't think it's an all out war between government and cryptocurrencies at all. There's a lot of things that will hinder the government from stopping the usage of cryptocurrencies.

1. Cryptocurrencies are electronic assets. They are intangible assets.
2. Cryptocurrencies are decentralized. The government will have a hard time tracing who are holding such cryptos.
3. Cryptocurrencies are already widely used. There are already companies that include cryptocurrencies in their businesses. Even famous people supports some cryptocurrencies.

Also, how would BANNING works in the world of cryptocurrencies? I think, that's harder that we thought it would be.

The only thing the government can do for now is to create bodies or regulatory that will regulate the use of cryptocurrencies. The biggest reason that I can see about these chaos of govenrments against the cryptos is TAXATION. Banks lost a lot of money (just my opinion) because more people prefer investing their money in cryptos than in banks. Who even wants to invest their money for a year, and just get an interest of 5%? LOL

UP

How may I help you?

I'm not sure, but there's a lot of people who are claiming that they're Satoshi Nakamoto. Who knows, Satoshi may be a man, a woman, or a group of people. But I have a feeling that this Satoshi Nakamoto is still alive and active in the crypto business esp. in running the bitcoin.

Another thing, there's no point for anyone to announce that they are the real Satoshi Nakamoto because it might put them in danger (security and privacy matters). Satoshi MIGHT be a billionaire now, so there's no point to publicize himself for popularity. He's already FAMOUS in the other sense.

If there's such online shopping site that provide that kind of service, then why not. Actually, there's pros and cons regarding that.

Pros:
1. Convenience - since cryptos are electronically transferred through crypto network, shopping will be hussle-free.
2. Accessibility - online shops are widely known in today's generation. With the integration of cryptos and online shopping, products from other countries can be easily sold to another country without any intervention in payment.

Cons:
1. Transparency - considering that cryptos are decentralized, there will be some issue regarding the transparency of the payment as a whole, unless online shops have their own wallets which you can top-up with cryptos.
2. Volatility - cryptos are also known to be volatile, which means that its value might change in just a matter of seconds. This will lead to some sort of issues regarding the pricing of products esp. when products are tagged with their crypto price instead of fiat price.

NEW SIGNATURE ADDED

NEW SIGNATURE ADDED