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2121  Alternate cryptocurrencies / Altcoin Discussion / Re: Despite Many Participants, You Can Still Get Huge Rewards In Bounty. on: August 13, 2020, 05:00:20 PM
So far, I'm happy with the companies that Bounty Detective is running. They write that they guarantee payments to participants in ICO bounty campaigns, since escrow applies. In these cases, there is a certain guarantee that the projects will not turn out to be fraudulent. Also, I like that they explicitly state that no KYC will apply. Unscrupulous ICO teams very often used KYC after a certain time after the end of the ICO in order not to pay the bounty hunters the tokens we earned.
The number of participants in ICO bounty campaigns and the amount of payments will always be different, as there will be different ICO projects. Here we ourselves need to be vigilant and make independent decisions.
2122  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Defi New revolution or just like 2017 ICO,s ? on: August 13, 2020, 04:30:22 PM
DeFi basically the usage smart contract. While there are some legit usage of DeFi smart contract, it's nothing revolutionary.
Cryptocurrency continues to evolve rapidly and DeFi is one of the necessary milestones along the way. Not so long ago, we were discussing whether it would be possible to use cryptocurrency for loans, credits, and deposits. ICO projects and cryptobanks appeared that promised to carry out these operations. With the advent of DeFi, this is becoming a reality based on smart contracts. Moreover, as it turned out, banks are absolutely unnecessary here.
Also stablecoins appeared, which are pegged to regular currency, but backed by cryptocurrency. Such stablecoins can even provide their holders with a certain profit, as they deviate more from the set value of the unit than regular stablecoins.
2123  Economy / Economics / Re: The Coronavirus as A Means of Financial Reset on: August 13, 2020, 03:32:12 PM
I also think like you. The corona virus is thought to be an economic virus and it was born to reset the game. It sounds fictitious, but this is true, Chinese people want to create this pandemic so that the powerful European countries will lose strength and they will be more powerful when their economy comes back. earlier. This is a very dangerous game and if the governments of many countries do not solve well, it can lead to economic crisis.
It really looks like the truth. It seems to me that the emergence of the coronavirus, the possibility for it to spread, then too tough measures to combat its spread, which led to a sharp decline in economic development and the logical onset of the global economic crisis are links in one chain.
Moreover, they usually try to underestimate the number of infected and the consequences of the spread of the virus, and in this case, the opposite is true. Many doctors in my country claim that they are forced to write that people have died from coronavirus even in cases where they died from other diseases. This means that someone really needs it.
2124  Bitcoin / Bitcoin Discussion / Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams on: August 12, 2020, 03:59:33 AM
This may increase security, but it's definitely not compatible with decentralisation.

We are of the same mind. I do not think these would be a good idea for facial recognition be combined with decentralization. And where does the bio metrics and data of such security tool would be directed?
In my country (Ukraine), the face recognition method is already used in practice, which even allows you to withdraw funds from a bank card and pay for goods with a "face". To do this, the "Private24" application is updated in the smartphone, the appropriate "face" payment option is selected, three selfies are taken in different angles of their face for a sample, which are linked to the application. This allows, for example, to withdraw money from a bank card even without the presence of the card itself. To do this, we go to the ATM, enter the code of our card, the selected method of verification by the person, after which the person is scanned and the cash is withdrawn. Very convenient in my opinion.
2125  Bitcoin / Legal / Re: Kremlin vs bitcoiners. on: August 12, 2020, 03:40:57 AM
all out "strange" law as to me. It  "decriminalized" cryptocurrency but prohibits to buy any of goods/properties with it. Looks like it’s for the benefit of a  small circle of topmost officials who have billions in bitcoin and can spend them for buying luxuries  being abroad. I can’t explain it any other way.   

Which would make sense. Let FSB thieves spend Wex money and anyone they turn a blind eye to, and confiscate bitcoins of anyone else who's found not compliant with the new law.
This ban on the use of cryptocurrency as a means of payment can be easily circumvented. There are payment bank cards that allow pre-existing bitcoins or other cryptocurrencies to be converted at the exchange rate into rubles and paid in rubles. The law that has come into force will not be violated.
2126  Bitcoin / Legal / Re: Putin signed a law on the regulation of cryptocurrencies from 2021 on: August 12, 2020, 03:31:07 AM
Dear ladies and gentlemen, since at the referendum the people of the Russian Federation "made a positive decision" in favor of the current head of state, the power in the country will be concentrated in the hands of Putin and beyond. Thus, there is no reason to believe that the attitude towards cryptocurrency will change in the next few years.

Well by now we already know that Putin wanted to remain in Power. Thus, an oppressive regime won't simply allow their people to have economic freedom without them overlooking everything. So with crypto, Russians can for some time will use it to hide their wealth and there's where this all the so called Russian regulation will come in and that is why I said that Russia or at least the people behind their government is anti-bitcoin or anti-crypto.
I think that such events will soon begin in Russia, similar to what is happening now in Khabarovsk, that the current government will no longer have time for further regulation of the cryptocurrency.
The signed law appears to be one of the best options possible under the current Russian leadership, although at the same time it is one of the worst among all states.
The law prohibits the direct use of cryptocurrency as a means of payment, however, there are many payment cards that allow you to pre-exchange cryptocurrency for a ruble and pay with a ruble. In this case, the current version of the law will not be violated.
2127  Alternate cryptocurrencies / Altcoin Discussion / Re: I'm dumping my coins because.. on: August 11, 2020, 08:05:35 PM
I'm usually a holder I still coins and tokens I've got from Bounty campaign just like the two of the just recent projects I've participated in I'm still holding both of them but there are instances in the past that I dump my coins/tokens  because
The coin is not progressing and I want to buy coins that has more potential.

So what is or are your reason why you are dumping your coin?
Very few ICO projects are making great strides in promoting their project and token price. In addition, for altcoins from the first half of 2018, this period has not been entirely successful in terms of price growth. Therefore, those who almost immediately dumped the received tokens as a result of participating in ICO bounty campaigns and exchanged them for bitcoin or ethereum turned out to be in profit.
However, I think there is still a good time for potential altcoins.
2128  Economy / Economics / Re: Btc and gold can now be called "safe" on: August 11, 2020, 07:43:22 PM
In all the hard times of trials, gold has always been a refuge for preserving value and saving people's money accumulation. Therefore, we see a natural significant increase in its price recently against the background of deteriorating economic indicators around the world.
Bitcoin and other decentralized cryptocurrencies are being tested for the first time as a financial instrument that can successfully withstand inflation of common currencies of states. It is still too early for us to draw definite conclusions on this issue, since this event coincided with other positive events for the growth of the cryptocurrency market. After a certain time, it will be possible to draw more specific conclusions on this matter.
2129  Economy / Economics / Re: Economy restart big Boom and prosperity Coming on: August 11, 2020, 06:12:05 PM
It is still very early to speak about a period of prosperity for the economies of states and for the world economy as a whole. In fact, we have just begun to plunge into stagnation and devastation, which is associated with unprecedented measures to combat the spread of the coronavirus. Although the process has started, the response of economies is a little late. In addition, we expect a second wave of the spread of this coronavirus. Some countries are already celebrating its coming. So it's too early to rejoice. The period of overcoming the economic crisis will surely come. However, we do not yet know with what results we will approach this period.
2130  Alternate cryptocurrencies / Altcoin Discussion / Re: A project to help make Ethereum the number one cryptocurrency. on: August 10, 2020, 05:15:51 AM
I invite you to discuss an idea that can help Ethereum become the number one cryptocurrency or disprove it.
Currently, there is not a single cryptocurrency storage and lending solution in the cryptocurrency world that does not depend on the speculative rate of BITCOIN, managed by its main owners and who benefit from its controlled volatility.
    In the project I propose, there is a solution for lending cryptocurrencies secured by smart contract tokens, without fear of losing financial assets in the event of negative market volatility. If you can refute the idea of ​​my project, I ask you to prove it in numbers, and if you see the prospect of development, I will be glad to accept any help or advice for its implementation.
http://prosh.ru/smartcontract.html
What does cryptocurrency lending have to do with its ability to bypass the price dominance of bitcoin, including how ethereum can become the number one cryptocurrency?
In my opinion, the dominance of bitcoin will disappear only if the level of its capitalization drops significantly and approaches the level of capitalization of other cryptocurrencies. Perhaps this will happen someday.
2131  Alternate cryptocurrencies / Altcoin Discussion / Re: Russia’s Biggest Bank Considers Launching Its Own Stablecoin on: August 08, 2020, 05:47:52 AM
I do not think that it is possible, creating own money is illegal in every country. It would be different if Russian´s central bank create stable coin backed by Ruble, something like Digital Ruble, but do you think that it is possible that a private bank could create an alternative to the Ruble?
Sberbank, one of the largest state-owned banks in this country, wants to issue a stable coin in Russia. Therefore, here we are talking, most likely, about the creation of a national stable coin, that is, a digitized ruble. Most states are now working to create national stablecoins, which are much more profitable for states to use compared to paper money. Therefore, in Russia, in any case, they will create their own digitized ruble.
2132  Bitcoin / Bitcoin Discussion / Re: SEC looking for more tools to track crypto on: August 08, 2020, 04:27:34 AM
There is nothing surprising. Government agencies will always try to take control of the cryptocurrency and impose their own rules for its circulation in society. They will also try to track the movements of the cryptocurrency and at the same time establish its belonging to specific individuals. It seems that there will always be a confrontation between government agencies and anonymity in cryptocurrency.
2133  Bitcoin / Bitcoin Discussion / Re: What Is Best Course Of Action? on: August 08, 2020, 03:57:46 AM
Since bitcoin has a lot of price volatility, it would be nice to buy bitcoin on a decline in prices and sell on a rise, however, in this case, you need to be well aware of the upward and downward trends in prices in the cryptocurrency market. So, bitcoin has recently risen in price and whales began to withdraw large batches of bitcoins for sale in order to fix their profits, but recently they changed their minds and took bitcoins from the exchanges. This means that for some time bitcoins and the entire cryptocurrency market will still grow in value. Further, you need to make the right decisions on time. There can be no general advice here.
Yes, over 90 percent of the entire lifetime of bitcoin, it has grown in value. However, this does not mean that it will always be. In the coming year, the price of bitcoin should indeed rise significantly in value. Therefore, in general, it is still profitable to keep it. Nobody knows what will happen next.
2134  Economy / Economics / Re: Is it possible to live without banks? on: August 07, 2020, 04:15:27 AM
It's nearly impossible for one to live without the bank,but I believe one can do without it, for example in the rural areas/villages 99% of them don't even own a bank account, nor are there any bank building around them, but they go on with their daily lives buying /exchange goods and services,also even in the third tier countries where the employers don't pay thier employees through the bank rather they hand cash to the employees at the end of the month.


 
Even when using cash, paper money, we actually use the services of banks, because banknotes are issued by central banks. Therefore, everyone uses the services of banks. Banks are an integral part of the state, so they will exist as long as the state exists.
If you set a goal, you can do without banks. But why do we need additional complexity.
2135  Economy / Economics / Re: Biggest winner during COVID? on: August 07, 2020, 04:00:13 AM
The increasing spread of the coronavirus across countries has prompted many governments to introduce unprecedented measures to contain the epidemic. These measures have led to many businesses being shut down temporarily, widespread restrictions on travel and mobility, financial market turmoil, an erosion of confidence and heighted uncertainty. We will undertsand this effects after.
It is the current unprecedented measures to combat the spread of the coronavirus that seem to me the strangest now, because they clearly and openly cause colossal harm to the economies of all states, and the danger of this coronavirus is too exaggerated and the fear of this virus is deliberately raised. Something strange and grand is happening that has never happened before. Now it is difficult to say who is behind this, but the world is being pushed towards mass poverty and poverty. The winner is somewhere too high, it is not even a separate industry. The real reason for the current events will become visible much later.
2136  Bitcoin / Bitcoin Discussion / Re: Russia legalizing Bitcoin and cryptos but not allowed as payment method? on: August 06, 2020, 08:14:59 PM
Yes, I remember the resentment that reigned among crypto enthusiasts before the law was passed. Many generally wanted to emigrate from the country. But, I believe, nothing terrible happened. There is a hope that the legislators in Russia are not as stupid as we imagine them to be.
There will be resentment and i do not think that Putin will head to those and will go on with his actions as he literally controls the entire country but even with that i think he is a brilliant master mind and if they can survive with all the sanctions imposed upon them then he is doing something that is holding the country and about migrating if there is a law against bitcoin can be done only by millionaires and not for casual investors.
Putin is aging, he is gradually losing popularity in his country and it will be more and more difficult for him to stay in power. Due to the need to solve many more important problems, the issue of strict regulation of cryptocurrency will gradually recede into the background.
If the attitude of other states to cryptocurrency is positive, then over time it will inevitably change for the better on the part of the Russian authorities. However, this is a matter of time and time.
2137  Bitcoin / Press / Re: [2020-07-23] Expert Insights on the Asian Crypto Market amidst pandemic on: August 06, 2020, 07:51:54 PM
The population of the Asian region has always shown great interest in cryptocurrency. After the official launch of the Chinese digitalized yuan, and even more so the Asian regional stablecoin, interest in the decentralized cryptocurrency should grow significantly.
Now, four major banks in China have gradually begun introducing their digitized yuan and we will eagerly await the first feedback on the usability of this stablecoin. This experience can prove invaluable to other states.
2138  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH will touch 10,000$ to 12,000$ at the end of 2020. on: August 05, 2020, 05:10:25 PM
Of course, under no circumstances will ethereum be able to reach the $ 10,000-12,000 price point yet. This is so far unattainable even for this coin. With the successful improvements in ethereum, I think that another thousand dollar price is possible. Ethereum will rise in value in both the short and medium term. This is the most important thing now.
2139  Bitcoin / Bitcoin Discussion / Re: Flooding in China effect on bitcoin on: August 05, 2020, 04:51:37 PM
It is unlikely that this flood in China can significantly affect mining or the price of bitcoin in general. All the same, one bitcoin will be mined every ten minutes in the world, even regardless of the fact that the number of miners becomes smaller.
Bitcoin's price has long ceased to respond to such natural disasters. This would have been possible a few years ago. Bitcoin holders are no longer as fearful as they used to be.
2140  Bitcoin / Bitcoin Discussion / Re: Beirut explosion - Lesson to learn from this. on: August 05, 2020, 04:15:05 PM
According to the information, the explosion in Beirut was due to a violation of fire safety during welding in a place where 2,750 tons of ammonium nitrate had been stored for years, and firecrackers were still laid on top, which caught fire during this work until all this detonated. Of course, such cases of negligence can still occur.
Yes, unfortunately, this once again confirms how fragile the world of high technology is. Now, perhaps, many will think that the protective measures they have taken to safeguard data on wallets with cryptocurrency are clearly not enough.
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