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1  Local / Alt Coins (India) / Is it worth Staking TRX on WazirX ? on: September 09, 2020, 12:50:14 PM
Hello guys,

I have been searching for some good coin to stake when TRX grabbed my attention. I digged up a little and found out that WazirX is offering 4% - 9% for staking WazirX. We have to hold a minimum of 500 TRX which is approximately 0.0017 worth BTC. The rewards are distributed monthly which is cool.
Also the price of Tron has increased lately. Do any of you guys have staked TRX ?
Could you describe your experience with it and if it is actually worth it ?
2  Local / India / Can increase in Gold's volatility benefit bitcoin ? on: August 02, 2020, 02:26:21 PM
Bitcoin has a huge volatility when compared to any other asset.
Gold on the other hand has less volatility than bitcoin and is often the investors choice for investments.
These days the price of gold is increasing rapidly causing a bigger volatility than it earlier had.
So do you think that if the volatility rate of gold matches with that of bitcoin then bitcoin will become a huge competitor to gold.
Well it is already a competitor but I think many investors will dive in to buy bitcoin as it would be better than gold.

3  Economy / Trading Discussion / It's ok if your profits are less on: July 08, 2020, 06:34:56 AM
I had been holding 1000 Eidoo coins since a few years and was wishing the price rise high so that I make a hefty profit out of it.
But I was feeling bad of the fact that despite holding it for a few years the price didn't rise much.
Lately the price went from 0.001 ETH to 0.002 ETH and I was happy that the price increased at least a little.
Though my target was around 0.003 ETH I decided to sell all of it for 0.002 ETH per coin since I was assuming that the price will fall down again.
I got the 2 ETH by selling all the coins and I saw the price today and it was 0.0032 ETH per coin.
If I would have sold it today I would have got 3.2 ETH. So I basically got 1.2 ETH less than what I could have got.

But this is what I want to highlight. Though I could have got more profit I am not sad since I got at least a little profit.
I know I would have been more happier if the price would have decreased after I sold but I am not sad that it instead increased.
So guys, it's ok if your profits are less. You are at least making profits while things could have gone the other way around.
4  Local / India / Are Crypto traders willing to trade for others ? on: June 04, 2020, 06:03:10 AM
Hi Guys,

I am thinking of an idea and it's quite simple. The question here is
"Are crypto traders willing to trade for others for a percentage of profit/loss or a brokerage fees ? "
The Crypto trader will act as a crypto broker just like the one in Stock market.

I won't disclose the whole idea but this can be a good thing in my opinion.
It will bring in more investors in Crypto and will provide job opportunities to crypto traders.

I am open to discuss the whole idea only to trusted members and only in DM.
5  Alternate cryptocurrencies / Altcoin Discussion / Exodus or Atomic wallet for ether ? on: May 29, 2020, 04:44:29 AM
Hi guys,

I have been holding some ether lately and I didn't wanna keep them up on an exchange for a longer duration for security reasons.
So I would like to know which one is the best wallet out there where I can hold ether.

My requirements:
1. I must be able to control the private key/seed phrase
2. The wallet must be from a trusted source

I did a little research and found Exodus and Atomic wallet to be the best for holding ether
Can you guys please provide a review if you have been using it

If any of these wallets have been previously compromised please mention them as well.
Thanks in advance.
6  Local / India / Blockchain for the Pandemic on: April 24, 2020, 04:34:15 PM
If you were given a task of thinking how can a Blockchain solution be used to treat an issue post the current pandemic what would it be?
How can Blockchain be used to solve a problem occurred in the current pandemic so that it can help us out whenever the next pandemic occurs.

Thinking about the above questions I came up with something.

We all know how Covid-19 is spreading like wildfire these days and it is being difficult day by day to keep a track of every patient.
Even when a patient is discharged in some cases he/she is getting back those Covid-19 symptoms and in some cases people are dying even after being discharged. The number of positive cases, active cases, deceased are increasing daily and it is not being an easy task to keep a track of all of them.

What if Blockchain was used to keep a track of every patient. Every patient's details could be entered in a record and it's hash could be stored on the blockchain so that whenever somebody needed to fetch details of such a patient then it could have been retrieved easily from the Blockchain.
This could also help to identify those cases where people had a history of active Covid-19 case and hence the doctors could treat them likewise.

I don't know if it's a good idea or not but I do know that there is something missing here. There is something that should be added here so that it can be an effective solution.


1. What can be added more here ?
2. What is your idea of a blockchain based solution that can help us post this pandemic?


P.S : The above solution can also be used for distribution of masks and sanitizers and to keep a track record of people who have received them. The record of people can again be hashed and sent to the Blockchain.
7  Local / India / Crypto ATM in India. Would it be worth it ? on: April 15, 2020, 01:52:42 PM
It's been about 1.5 years since the first ever crypto ATM was launched in India. The first Crypto ATM was launched by Unocoin and was placed in some mall in Bengaluru. Unfortunately, Crypto was not legal in India at that time and hence the police seized the ATM and arrested it's owners.


Source: https://www.thenewsminute.com/article/india-s-first-cryptocurrency-atm-launched-bengaluru-90117

Things are changing now since India has uplifted the ban on cryptocurrencies. But the questions are

1. Does uplifting the ban gives the right to people to launch a crypto ATM ?
2. If a crypto ATM is successfully launched without any restrictions from any authorities how good would it be for us?
    Would it be worth it ? How do you think it will bring a change in India ?

Drop your comments below.
8  Local / India / Lets have some fun! on: April 01, 2020, 01:48:27 PM
On the occasion of this April Fool's day I am making this thread to bring in some fun activity. Anybody can participate in it since it's all about having fun.
We have many members in this forum now including the new members who have joined recently.
All we have to do is pick any member from the Indian Sub and post an image of him which you think would resemble him the most in your opinion.
You can also select multiple members and post pictures of them. You can take random images/ funny images from the internet and tag them to the members you selected. Lets drop the images below and resemble them to members here on the Indian Sub.

Note:
Do not post original images of the members.
Do not take the images seriously if somebody has tagged you with that image. We are doing it just for fun, we do not want any discrimanation or abusive fights on this thread.

I would like to resemble our beloved members HeisenbergHunter and Webtricks. I might post some more on later.

Webtricks might look like this guy.  Tongue


HeisenbergHunter
would definitely NOT look like the below guy but I always portrayed him as a cowboy. Don't ask me why.  Grin Grin



More additions:
Amish Manish - since he is a long time member and a wise one too might look like below


Darkstar since he has a cool name and he's the one who usually escrows all the funds


Legendster - For what I know him, must look like below.  (No offence, but I think you take your stand wherever necessary and I appreciate that)
9  Local / Off-Topic (India) / Utilizing Work from Home! 21 Day Lockdown on: March 24, 2020, 01:11:04 PM
Hi Guyz,

Thumbs up to all those who are staying at home and helping India to fight the Corona virus. Special thanks to all those who are staying out and helping the people in need to fight Corona.

While we are staying home, most of people like me are still working from home. I would like to ask all those people staying home and also working from home that how they are utilizing their time being at home ?

I have work from home and so while I complete my office work, I utilize the rest of the time researching about things like sci-fi, crypto, technology, coding etc...
Also I spend a little more time on this forum than I used to. I see people chilling, doing tik tok and doing some random things to pass their time at home. Some people even fight with their family members, that's even worse.

All I want to say is, you have been given a good amount of time and you should utilize it wisely. Learn more about things you are interested in.
Learn about crypto if that's your interest. To all the newbies here, you can use this time to know more about crypto.

Again, do not waste time as it is precious and you will know it only when the time has passed by.
10  Alternate cryptocurrencies / Altcoin Discussion / Solution for bounty payments on: March 07, 2020, 08:52:36 AM
Bounty hunters have been facing bounty related payment issues since day 1. Bounty hunters have been scammed so many times that this board have been filled with threads asking for a solution to this problem. I was just thinking about what could be the solution for the payments of bounty hunters that would be feasible for both the project team as well as the bounty hunters and an idea struck my mind. It goes like

We all know that every project has a % of amount that is allocated to bounty programs and campaigns.
What most projects do is raise the funds and then distribute the tokens at the end and this is where the scammers take advantage of this method.
A possible solution could be that the project team raise funds and distribute the % of money raised on weekly basis for that particular week and that too in BTC/ETH/ProjectTokens.

For example:
My project has 5% of money raised allocated towards bounties and campaigns. Assuming the bounties and fund raising starts on the same date,
after a week is completed the project team can distribute 5% of the funds raised in that week to the bounty participants in bitcoin or ethereum or dual (tokens+ BTC/ETH).
Similarly they can proceed with the same process the consecutive weeks until the fund raising is complete. Hence only 5% will be distributed every week for that week alone.

This way the project will still be distributing only 5% of the total fund raised but would have distributed it on weekly basis.
Since the project team will be collecting BTC/ETH from the investors they shouldn't have any problem in distributing what they promised to the bounty participants and the bounty hunters will be more than happy to receive BTC/ETH as a payment and that too on a weekly basis rather than have to wait until the end of fund raising.

Let the comments drop below!
11  Bitcoin / Bitcoin Discussion / Supreme Court of India finally uplifts the ban on Cryptocurrencies in India on: March 04, 2020, 06:25:38 AM
It has been a long journey since 2018. Almost 2 years of heated debate and now we have won the race.
Most of the politicians and people from RBI criticized crypto till date.
Today is the day when we celebrate. I hope with this good news, people finally realize the potential of bitcoin and encourage crypto as a payment.
More than accepting crypto as payment, I hope more development takes place in India for the crypto community.

SC allows cryptocurrency trading, cancels RBI's 2018 circular
India Supreme Court Lifts RBI Ban on Banks Servicing Crypto Firms

12  Local / India / Good News! Supreme Court removed ban on cryptocurrencies in India on: March 04, 2020, 06:16:55 AM
Finally the long awaited heated debate in the Supreme court of India has come to an end.
It has been almost 2 years now since the ban on cryptocurrencies took place in 2018.
Bitcoin's current price as of 3 March is approx $8800 (6,35,000 INR). Let's see how this ban lift helps bitcoin in increasing it's price.
With this ban elevation, I hope more development and acceptance of crypto as payment gets encouraged in India.

PFB some references:
SC Opens Doors for Cryptocurrency in India, Sets Aside RBI's 2018 Ban
Supreme Court quashes RBI ban on cryptocurrency trade
SC allows trade in cryptocurrency, quashes RBI curb
13  Bitcoin / Development & Technical Discussion / Doubt on double spending on: February 26, 2020, 04:38:55 PM
I started learning more technical aspects of bitcoin lately and so I started reading it's whitepaper. I have a doubt in the 'reclaiming the disk space' section from the bitcoin whitepaper.

Quote
Once the latest transaction in a coin is buried under enough blocks, the spent transactions before
it can be discarded to save disk space. To facilitate this without breaking the block's hash,
transactions are hashed in a Merkle Tree [7][2][5], with only the root included in the block's hash.
Old blocks can then be compacted by stubbing off branches of the tree. The interior hashes do
not need to be stored.

As per the above, it is enough to store the block header and discard all the transactions inside the block by just keeping the root hash.

Now assume I am trying to double spend a transaction which was previously mined and buried under many lateral blocks.
How will the miner validate that the transaction is not being double spent since the miner will only be validating the block header and not all the transactions inside it?

Could someone clear my understanding ?
14  Local / India / Play Quiz and Win BTC - Take the quiz now on: February 23, 2020, 12:00:36 PM
Hi guyz,

As discussed earlier I have made a short quiz with 10 questions and the one who answers all the questions or most of the questions correctly will receive 0.0005 BTC as a reward.
It's a fun activity to increase the board activity and test your knowledge on blockchain and cryptocurrencies. I will request everybody to take the quiz not only for the reward but for the Indian Sub.

Take the quiz here:
https://forms.gle/vTJWAY7y39xeK4LG7

Note:
  • Do not use google as this is just a normal quiz to encourage new users join the forum. Don't spoil the fun using google.
  • The top two people to answer all or most of the questions correctly will be selected as winners.
  • Enter your bitcointalk account name or profile link in the quiz form correctly to receive the reward.
  • Winners will have to post their BTC addresses when asked for to receive the reward.

This is my first time organizing such a thing. Kindly bare with me for any mistakes.
Feedback and suggestions on the quiz are welcome.
15  Local / India / Play Quiz and Win BTC on: February 19, 2020, 05:57:01 AM
I am going to organize a game (quiz) soon where the users will have to answer all the questions and the one who answers all the questions correctly will win some BTC as a reward. Questions will be related to bitcoin, cryptocurrencies, blockchain, exchanges etc... and the first two people who answers all the questions correctly will get the prize.
This is being done to increase the board activity and bring in more members to the Indian board. Anybody can take part in the game.

Reward : 0.0005 BTC each
Quiz will be released soon (probably on Sunday)

People can vouch in to put more ideas and reward prize(I think 0.0005 should be sufficient as a start since the quiz won't be so difficult).

Note: People should play the quiz not only to get the reward but also to test their knowledge on crypto.
Encourage each other to play the quiz and lets have some fun time in here.

16  Local / India / Is China still dominating the mining industry on: December 14, 2019, 07:24:31 AM
We all know that China has been a huge contributor in crypto until their government completely prohibited the use of crypto and banned mining.
Despite that, there were still some underground users and mining farms who have been actively mining bitcoins.
Now a study shows that China is dominating the global bitcoin hashrate by 66% .
Much of it might come from Bitmain which actually stands as a monopoly in China.
Don't you guys think that having such a huge dominance is a potential risk to the bitcoin network ?
Drop your opinions below.

Source : https://cointelegraph.com/news/study-chinas-btc-miners-control-66-of-global-hash-rate
17  Local / Mining (India) / Any info mining pools ? on: October 31, 2019, 02:48:57 PM
Have you guys joined any mining pools whether it be BTC or ETH ?
If yes, can you recommend some here. I need to know if there is a staking pool for ETH which I can join.
It doesn't necessarily be in India though.
18  Local / Mining (India) / What's the cost of mining in India ? on: October 30, 2019, 02:22:30 PM
Any mining expert here in India ?

I would like to know if anybody who has been mining know what's the cost of mining setup and the ROI.
Which coin they mined and how did they managed to stay away from cops  Tongue
19  Economy / Trading Discussion / Does trading fees really matter ? on: October 10, 2019, 05:00:19 PM
Most of the exchanges have a minimal trading fees of about 0.25%
I see many people discussing trading fees here and there and that how high the trading fees is.
Does 0.25% really make a huge difference if you are earning at least more than 2% ?
20  Other / Off-topic / What do I do with my bitcoins ? on: September 19, 2019, 04:28:14 PM
I am in mid 20's and holding and accumulating as much BTC as I can. I try to save a small amount of bitcoins every month so that I can do something with it when I retire.
But what if something unfortunate happens to me. What should I do 'now' so that the coins can be used for a good purpose in the future by the right person.
I know I can hide the instructions to the private key for somebody to take it in the future. But my question is whom should I give it to ?

I do not want to give it to my relatives or children since I want them to earn on their own and never depend on others money.
I know I can donate it to charity but what's the guarantee that the money will be gone into good hands and will be used for the right purpose ?

Are there any options that you guys think of ? Have you guys thought about such a scenario ?


Edit 1:
You can donate to any FOSS foundation that takes bitcoin if you prefer that.
This guy deserves some merits. This is the best answer I have read in all the posts. What's the best I can do with my bitcoins ?
Bitcoin is open source so why the hell not donate the money to the open source community itself.


Second best option is to use the money for family medications in the future. May be using the money for health insurance of my family or creating a will to use the money when my family is in need of medications.
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