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1  Bitcoin / Bitcoin Discussion / Is cryptocurrency helping spread child sexual abuse? on: November 02, 2018, 08:39:55 AM
Pedophiles and criminals engaged in child cybersex are proliferating in the Philippines as the cybersex industry becomes more sophisticated and profitable despite numerous crackdowns both by local and foreign authorities, according to a report by Channel News Asia.

Citing a study by the Financial Coalition Against Child Pornography and the International Centre for Missing & Exploited Children titled Cryptocurrency and the BlockChain, it said that encrypted payment systems involving cryptocurrencies and Bitcoin are driving the proliferation of live-streaming child sexual abuse. On average, live abuse or when a user instructs the children to perform sexual acts, cost around 10 Bitcoins when it was still worth $10,000, but a live-stream view-only would cost one Bitcoin.

What are people's thoughts on this? Do you believe it is helping the industry or is it just incidental?

Source of the stats :
2  Bitcoin / Press / [2018-10-29] Bitcoin trading uses so much power that it could push global temper on: October 30, 2018, 10:26:30 AM
The cryptocurrency bitcoin has been touted by its proponents as a way to help solve our most pressing problems, from homelessness and human trafficking to cancer and the global financial crisis. Bitcoin's ability to reduce fraud and security risk has made it one of the most transparent digital currencies on the market. Many see this as a critical next step to holding governments accountable for carbon emissions, and even developing a market for reducing the world's carbon footprint.

But the currency also has a dark side. A new study from the University of Hawaii finds that if bitcoin becomes more widely adopted, the huge amounts of electricity used to trade the cryptocurrency could push global temperatures above 2 degrees Celsius by 2033. According to the Intergovernmental Panel on Climate Change (IPCC), a 2-degree rise in global temperatures could reduce water availability in some areas by up to 30%, make arctic species like the polar bear and caribou vulnerable to extinction, and subject another 10 million people to coastal flooding. While bitcoin isn't responsible for as many emissions as pollution-heavy industries in the US, such as agriculture and transportation, the industry is releasing carbon dioxide at an alarming rate.

Full article :
3  Bitcoin / Bitcoin Discussion / Japan just gave its cryptocurrency industry legal power to police itself on: October 26, 2018, 08:17:36 AM
The cryptocurrency scene is evolving too quickly for policymakers to keep up - well that’s the rationale behind a move by Japan to officially let thee industry create and enforce its own rules. If the approach works, it is likely that other not-do-forward-in-the-crypto-world nations will also test it. Apparently "Japan’s Financial Services Agency has granted the Japan Virtual Currency Exchange Association, a self-regulatory organization made up of representatives from cryptocurrency exchanges, authority to create rules aimed at protecting consumers, preventing money laundering, and standardizing how exchanges should operate. The agency also gets the power to sanction exchanges for breaking those rules, reports Reuters." Opinions on this? Will it be successful or fail miserably, or something in between? Will others follow soon?

I found information regarding this in a Technology Review article :
4  Bitcoin / Bitcoin Discussion / iVendPay founder Sergey Danilov and bringing crypto ATMs to Asia on: October 22, 2018, 08:07:29 AM
Smart vending machines capable of handling cryptocurrency payments will be installed throughout Malaysia and Israel by the end of 2018 as a result of a partnership between iVendpay and GoByte. Sergey Danilov, the founder of the iVendPay project, told CCN:

“The partnership between iVendpay and Gobyte is caused by the high demand for universal services allowing to pay for goods with cryptocurrency in everyday life. The choice in favor of GoByte was made due to the peculiarities of this cryptocurrency, designed for instant processing of micropayments with a small commission. Payment for purchases using GoByte in any vending machine equipped with iVendPay takes less than 3 seconds.”

He also provided a Youtube clip showing the ATM in action. GoByte is a fork from the Dash cryptocurrency aimed at processing merchant transactions. GoByte claims to be an improvement on the original Dash currency with a separate payment infrastructure that allows lower or non-existent fees for processing payments.

Article containing the above info is here if anyone is interested :
5  Bitcoin / Press / [2018-10-18] How the Electric Vehicle Industry Provides a Roadmap for Bitcoin on: October 19, 2018, 12:39:41 AM
Startups focused on cryptocurrency and blockchain – which are different kinds of digital cash and the platform that allows this cash to be exchanged -- are enormously hot right now. Investments in these companies nearly doubled in 2017 compared to the previous year and have only been increasing in 2018. In late May, Binance, the world’s largest cryptocurrency exchange, announced it was launching a $1 billion venture fund for blockchain and cryptocurrency startups.

For all the excitement surrounding this promising technology, the industry confronts an obstacle that is common to many emerging technologies – very few people have a strong grasp of what blockchain and cryptocurrency actually are.

Executives who are approached to work for these startups have usually heard of Bitcoin, the most well-known cryptocurrency, and they may vaguely know blockchain has something to do with securing digital currency. However, they often have a fleeting grasp of the nuances and possibilities of this dynamic industry. Their haziness and lack of knowledge can be a formidable challenge to startups that want to land key talent in a competitive hiring market.

Blockchain and cryptocurrency companies can take a lesson from the past , using the model that was employed by the electric vehicle (EV) industry a decade ago.

Full Source :
6  Bitcoin / Bitcoin Discussion / Thoughts on this whole bitcoin/college donations fiasco on: October 18, 2018, 07:30:06 AM
Was just wondering people's thoughts about the current news on bitcoin donations to colleges? Should they be more grateful or are their inability to deal with them valid?
7  Other / Beginners & Help / How much bitcoin should you buy? on: October 17, 2018, 06:45:44 AM
I was reading an article in Quartz earlier today and it was talking about how much bitcoin people should buy and how it depends on your investing goals. What else, besides the amount of money you have, affects how much bitcoin someone should buy?
8  Bitcoin / Press / [10-14-2018] Bitcoin price vote of confidence on: October 14, 2018, 08:09:34 AM
BITCOIN and other major cryptocurrencies have been given a massive vote of confidence by new research published in a renowned scientific journal, which argues the digital assets have matured and could soon be as reliable as physical money. New research published in the journal Chaos: An Interdisciplinary Journal of Nonlinear Science, suggests investment in the digital asset may be more reliable than previously thought. In a report titled “Bitcoin market route to maturity? Evidence from return fluctuations, temporal correlations, and multiscaling effects,” researchers explain Bitcoin is following some of the same trends of the market as physical currencies.

Full article can be found here :
9  Bitcoin / Legal / Bitcoin scam artist arrested in Thailand on: October 13, 2018, 02:32:43 AM
One of the people who allegedly defrauded a Finnish investor of $24 Million worth of Bitcoin (BTC), has recently been detained in Suvarnabhumi Airport in Bangkok on charges of conspiracy to defraud and money laundering. Has anyone been following this at all? I would be interested to hear a legal perspective, as these charges aren't generally associated with bitcoin
10  Bitcoin / Bitcoin Discussion / Google Ad Reveals Search Giant's Feelings On Bitcoin And Crypto on: October 11, 2018, 01:11:59 AM
Forbes were talking about Google Ad and their adverse feelings towards Bitcoin and crypto yesterday and it got me thinking... do you really think it has that big of an effect? Do you think this is overly affecting people's perceptions of Bitcoin and crypto? Or is it just water under the bridge? What do you think affects peoples perceptions more?
11  Other / Off-topic / Bitcoin and books on: October 10, 2018, 11:29:13 AM
Now, I know someone wrote on here about what your favourite book is, but I was reading the news earlier and I read that bitcoin was mentioned in a Goosebumps book (article is at if you want to read it) and I was curious to know if anyone else had come across any children's books mentioning bitcoin? Or even your recommended go to book about bitcoin?
12  Other / Beginners & Help / The bitcoin basics on: October 09, 2018, 05:58:57 AM
So, I was reading the 10 bitcoin basics that everyone should should know, and I was wondering what everyone's personal opinions were for the basics that everyone, especially beginners, should know? The article I was reading is here if you want to read further/know what they said (I don't agree with everything they said, but they do make some good points) :
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