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1  Alternate cryptocurrencies / Altcoin Discussion / how to get a binance smart chain wallet ?? on: April 13, 2021, 03:46:08 AM
I want to get a BSC wallet...but i dont have a mobile number right now....before downloading the trust wallet it said i have to first verify the otp...
right now i dont have a personal mobile number and is there any other way i can get a BSC wallet without this OTP verification....
2  Bitcoin / Bitcoin Discussion / Pay Pal Issues- A reference to some legal issues nation wide on: October 08, 2011, 09:18:16 AM
http://www.freedweiss.com/PayPal-Holding-Money.shtml

Quote
F&W has been appointed interim lead class counsel in a putative class action against PayPal for PayPal holding seller's money up to 180 days (sometimes even longer). PayPal often does not provide a basis for why it is holding the funds and will also tell the seller to get a subpoena to find out why their money is frozen. If you have had money held by PayPal, please contact us for information about the case.

http://www.cowbellyblog.com/2010/06/18/the-truth-about-paypal-paypal-class-action-lawsuit-may-2010/

Detail some personal experience with Paypal, Paypal's reasoning behind their actions, and the specific laws and cases which define paypal's actions as illegal

http://www.reddit.com/r/reddit.com/comments/l4q2y/please_help_me_expose_this_newest_paypal_fraud/ The reddit that lead me to all this juicy information.

Was hopping around reddit and found this and thought some of you might be interested with the on-going drama and trust issues involved in using Paypal.
3  Economy / Speculation / Bitcoin simply are not worth ($10 or $9 or $8) on: August 13, 2011, 02:58:04 PM
I've been reading this thread https://bitcointalk.org/index.php?topic=36687.0 [Reddit] The Real cost of Bitcoin? - Breaking Down the Math I agree with a few of the posters that the numbers are manipulated in the fact that the bitcoin system can handle many more transactions than what is currently used, without any increased overall cost, resulting in a decreased cost per transaction.

This highlights a problem with 'miners' though.  Their supply far exceeds the demand.  They have to consume massive resources in order to obtain the 50 BTC reward and in order to become profitable they need to sell BTC at gouged rate on the markets.  The plain fact of the matter is that BTC is not worth that much, and that much power is not necessary to sustain the system.

It's expected that after the mining pool is tapped at 21,000,000 BTC that the miners will hemorrhage unnecessary miners as supply falls to meet demand levels.  The current situation though is that as 'miners' pump more processing power into the pool, they will have to gouge the price of BTC to keep running at a profit.

Quite simply I don't think it's ethical to be purchasing BTC at these rates unless you have a legitimate need for them.  I also speculate that this will catch up with miners, they are essentially pegging the bitcoin to the electricity and equipment involved (not unreasonable) and then throwing in as much electricity and equipment as they can get their hands on (in essence, the decentralized bank can do stupid shit too when the buyers let it.)
4  Bitcoin / Bitcoin Discussion / Best articles on Bitcoin on: August 07, 2011, 07:11:46 PM
So my father would like to know more about bitcoin.  Specifically he wants me to point him to some articles so he can do some of his own leg-work. 

What are your favorite articles that either got you into Bitcoin, or that help you advocate bitcoin?
5  Economy / Speculation / The three common speculations about the current trend. on: August 07, 2011, 01:49:24 AM
Alright, so we have an unprecedented event with an unprecedented currency. People are speculating, which is great, and people are bickering like old cows, which is not so great.

So far it looks like there are three theories out there.  One is that the market is gonna crash to zero, and stick do to a loss of faith across the economic board, another that the currency will stabilize at a market supported rate after speculators leave the game (estimates range from 1 USD to 6) and finally that the market will experience another speculative spike after the market gets a chance to deflate the previous one (estimates range from any minute now to really low).

I have my opinions, but topics have gotten so heated because everyone is taking contradictory opinions to either be offensive, or idiotic.  This is the speculation forum, can we discuss our speculations while yelling troll and idiot a little less.  It doesn't matter what theory you buy into, we shouldn't discuss this as if each and every person invested beyond their means.  It's an obviously wrong assumption, and comments regarding people who you feel made idiotic decisions, or are making idiotic decisions, need to be projected in a speculative light.

No matter how much you buy into your own theory, you most likely wouldn't bet your life savings on it.  We're not at a sure thing right now.  Let's not pretend too know the future
6  Other / Beginners & Help / Was a bad idea on: August 06, 2011, 06:39:59 AM
Nevermind, the sheer amount of downloading and information sharing required by these survey for bitcoin sites makes me too nervous to pursue this course of testing.  I was going to test a few of them because I haven't invested anything in BTC yet so I thought I wasn't risking anything, but it all goes too far over the line for me.
7  Economy / Economics / Looking for an explanation for 'Father Currency' Theory on: August 05, 2011, 03:38:57 AM
I'm dubbing it, the 'father currency' theory until a more appropriate, or scientifically valid name comes up.

Often while researching bitcoin I come across people talking about bitcoin being the revolution to a new, later coming, currency.  Gavin often says in his own interviews, we think something like this will be the currency of the future.  The puzzlement I have with this is, why?  With other digital currencies we have certain issues, all of them were centralized and were essentially money laundering operations.  With Bitcoin we have an open source digital currency that accepts any revolutionary development by majority vote.

I can understand expecting different currencies to develop for different utility.  A space station may need to develop it's own digital currency in the future, off the bitcoin model which fits it's micro-economy.  After the fall of the dollar and other fiat currencies, the U.S. might adopt a centralized digital currency attached to identity which would be legal to receive payroll and pay taxes with.  What I do not foresee or understand is the notion of a revolution, not adopted by the bitcoin community, that could significantly compete for an already world wide currency.

A technological advancement that could be more competitive would need to be licensed by an individual to avoid bitcoin adoption, which would mean a centralized authority.

A 'forkcoin' as I've seen discussed in the developers forum is not feasible, in order for it to compete it would need some level of widespread support.  Widespread support would most likely lead to adoption of at least the most popular or revolutionary principles of the developed 'forkcoin.'

Am I missing a concern about the fallibility of the technology? Is there an economic principle or historic example of experimental currency suddenly giving birth to an evolved currency?  Or are we just afraid to say bitcoin is the currency of the future, because I can understand fear of sounding like the moguls who speculated our world economy into dust. I just want an idea of what it really is.
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