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December 07, 2019, 05:14:56 PM *
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1  Economy / Trading Discussion / Re: I'm a full-time crypto trader. Here're my recent trades & answers to questions on: November 16, 2019, 01:47:42 PM
Hi @Mark
How do you think the ETH price will be affected by the upcoming fork?

AFAIK there are 2 cases: if the fork is perceived as potentially dangerous to the network/blockchain integrity, people sells en masse during the few days before the fork.
They wait to see what happens after the fork. If it goes well then everybody buy back.

Conversely, if the fork is perceived as beneficial and safe,  people buy more as the fork approaches.
2  Alternate cryptocurrencies / Altcoin Discussion / Telegram (TON) project has been halted by SEC on: October 12, 2019, 08:59:17 AM
https://www.sec.gov/news/press-release/2019-212

Should we assume the project is dead?

I was about to reserve $500 worth of GRAM tokens on Crypterium or some exchange, but at this point i think it's not advisable.
What do you suggest ?
3  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: [Have] Aeternity [Want] ETH on: May 09, 2019, 10:12:14 PM
Trade completed.

Thank you
4  Alternate cryptocurrencies / Marketplace (Altcoins) / [Have] Aeternity [Want] ETH on: May 09, 2019, 03:42:11 PM
I am selling 236.80 AE for Ethereum.
Current Price: 1 AE=0.0025 ETH

The trade must be done on DDEX decentralized exchange https://ddex.io/trade/AE-ETH
so that an escrow is not needed.

I have already placed a sell order there so you can get the coins directly from the DEX:

5  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin be considered a Religion? on: May 03, 2019, 02:29:54 AM
@Abiky i am curious to know what you think about stocks then.
Are they religion to you?

If Bitcoin price is supposedly driven by mass psychology ,  do you think stock prices aren't ?

And what about real estates, one of the most traditional and "religious" investment?
6  Bitcoin / Bitcoin Discussion / Re: Why is it forbidden to motivate others to buy Bitcoin? on: April 11, 2019, 10:57:57 PM
pretty simple mantra here - mind your own business!
if you try to tell somebody "buy this coin and hodl", you will be labeled as bag holder of that coin, endorser, promoter, name it...
so better keep your business within yourself and let them do their own.

But why the FUD journalists paid by the gov are not labeled by anyone?

They clearly don't wish the well-being and wealth of the people.

So they're no better
7  Bitcoin / Bitcoin Discussion / Why is it forbidden to motivate others to buy Bitcoin? on: April 11, 2019, 10:38:12 PM
On this forum and crypto-related subreddits they won't let you give these kind of advices, like "Buy & HODL"

But then why the mainstream magazines can do the opposite and nobody complains?

We all know that they spread FUD news so that everybody sells their positions so that the Elites buy at a low price.
That has been their strategy all over the 2018.

Indeed i've read a news on WSJ and other sites on Dec. 2017 saying that the governments would be buying cryptocurrencies to have an additional reserve, other than gold and foreign currencies.
https://www.wealthresearchgroup.com/kept-wraps-central-banks-buying-bitcoins/

Quote
"G7 central banks will start buying cryptocurrencies to bolster their foreign reserves,"
https://www.bullionvault.com/gold-news/central-crypto-010520181

Ask yourself: why did the bear run happen last year if the govs where buying?
There's only one answer: FUD news, and too many people that believe them and get scared , perhaps because you still haven't learned to HODL what you can afford to lose.
That's why you are all susceptible to FUD.

Please learn to control your emotions , and consider that even the gov knows that "BTC is too big to fail", that's why they haven't banned it, like the linked article says.

That means only one thing: BTC is the future.
There's no need to be impressed by scarecrows.

Hope it helps
8  Economy / Exchanges / Re: [ANN] Bittrex - Next generation exchange (btc/ltc/eac/ppc/rdd/ftc/and more) on: March 27, 2019, 06:40:17 AM
KYC is a tedious process that the DEXes don't have, so why stick with Bittrex, Coinbase & co ?

Many people have trouble even completing it and lose their coins for that, which is a shame : https://steemit.com/bittrex/@billynoe79/bittrex-kyc-policy

I've had enough of these "regulations".

I think I'll give a try to Waves DEX , 0x and other DEXes

Is 0x a DEX for ETH-based tokens only?
Are there any other good DEXes?
9  Other / Serious discussion / Facebook to enter the browser market on: March 16, 2019, 11:41:38 AM
The in-app browser for Whatsapp is about to be released.

I think they want to compete with the other browsers, especially Chrome.

And i suspect the main reason for this is advertising: they will block all ads in the browser, except Facebook ones.

I think that will be the natural evolution to this move: Facebook has their own ad network, so why should they let the competition's ads ( Adsense )  in Facebook's browser ?
10  Bitcoin / Development & Technical Discussion / Re: Bitcoin is not enough: we need open source hardware on: March 15, 2019, 02:44:52 PM
FPGA can be a possible solutions for more controlled transaction signing. Since these devices are made for engineers to build chips.

That would be a good compromise.
I am not into FPGAs, so i ask you: is it easy to verify there aren't suspicious components in there?

For motherboards  it is not easy to check.
See https://tech.slashdot.org/story/17/11/07/1041236/minix-intels-hidden-in-chip-operating-system
or https://itsfoss.com/fact-intel-minix-case/

Or even for CPU cores: https://www.tomshardware.com/news/x86-hidden-god-mode,37582.html
11  Bitcoin / Development & Technical Discussion / Re: Bitcoin is not enough: we need open source hardware on: March 15, 2019, 02:24:57 PM
@hatshepsut93 If the "hardcore cold storage setup" is just a formatted PC with Linux, it's not a bulletfproof solution. It still suffers from the issue pointed out by @domob. The cold storage device in the Faraday cage may have a malicious memory controller chip that messes up the transaction script generated by your wallet, to put the attacker's receiving address in it.

@Carlton Banks Doing it the hard way ( by yourself from scratch) is obviously a solution. But i hoped it was not necessary.
But why would you build a hardware chip that fully implements a general-purpose ISA, like RISC-V  ?
You don't need the complexity of a general purpose ISA, when the functionality you need is just generating transactions.
Why don't design an ASIC chip just for that function? Should be simpler.
12  Bitcoin / Development & Technical Discussion / Re: Bitcoin is not enough: we need open source hardware on: March 14, 2019, 02:44:22 PM
You are right in that having a closed source hardware, like Intel or AMD, can be a potential liability. I'm not overly familiar with this subject, but I think there are independent hardware manufacturer you can switch to, like Raspberry pi.  

Alternatively, if you use an air-gapped computer, you can get by even with closed source hardware, as discussed in this thread:

https://bitcointalk.org/index.php?topic=2690001.0

[...]

Even if I moved all of my private keys into an airgapped laptop which has never seen the internet after being formatted, when I wanted to sign an offline transaction into the online node... the node is still connected to the internet, could somehow a exploit happen in the process?

Signing an offline transaction with an airgapped device won't compromise your private keys, since the online device that transmits the transaction has no access to the private keys on the airgapped device.

However, the following possible exploits still prevail, regardless of Meltdown and Spectre:

-) A compromised USB stick could still grab your private keys from the airgapped device while copying the signed transaction for later transmission using the online device.

-) Simply moving a private key from an online device to an airgapped device will do little for your security. The private keys should be generated by the airgapped device itself.

-) Make sure your device is indeed airgapped and doesn't try to connect to any open Wifis that may be around.


Basically, every offline approach to wallet security still holds. Hot wallets are more susceptible to attacks than ever, at least until the security updates are out.

Very smart solution ! +5 merit

About the USB stick, what about if you don't use it: just generate a QR code of the signed tx on the airgapped PC, and you take a pic of the QR with a phone.
That eliminates the need to plug untrusted devices/sticks to the airgapped PC

The only thing left is mining. If you have a mining pool or are mining solo ( maybe a minor altcoin ) , you still need a fully synced node with the PK in its folder, and internet connection.
13  Bitcoin / Development & Technical Discussion / Bitcoin is not enough: we need open source hardware on: March 14, 2019, 01:59:30 PM
When you say that your private key is in your hands, you mean that it is stored in a device you trust.
Or if it is on paper,  you assume that when you will import/use the PK on a device to make a payment/transfer, you trust that device.

What if the NSA asks hardware manufacturers to integrate spy chips in their devices?
Your PC may have a spy controller chip that reads your PK from your HD and sends it over to the NSA via your network card.

I'd like many open source computer and phone projects to pop up, but there are just a few of them and don't seem to get traction.
Maybe the people is still not concerned enough with their privacy. ... but hey we are talking about our life's savings here!
14  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [ANN] Bittrex.com (US-based, exchange) now open to the public on: March 13, 2019, 05:53:58 PM

Only 17 days left to earn up to 4000 BXBC! Be sure to register and pass the KYC process!


We prefer to stay poor then  Roll Eyes
15  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [ANN] Bittrex.com (US-based, exchange) now open to the public on: March 12, 2019, 05:31:35 PM
Dear Bittrex Team,

Can you somebody some my issue? Cause your BTG wallet is offline without a valid reason, I can not access my deposited coins, which were still under confirmation when the wallet went offline (A month ago!)


The best way to address problems is using their support. Though sometimes it takes weeks for them to answer and solve issues. Another way is thru twitter. Sometimes I see their twitter account responding on some issues.

Yeah ok but why did they create an official thread here then, if they do not even bother answering ?
This is not professional.

I can't wait for DEXes to become mature and widely used.
This centralized exchange sh*it must come to an end.
16  Other / Ivory Tower / Why isn't crypto freelancing getting traction ? on: March 06, 2019, 01:00:59 AM
There are a number of low-fee freelancing platforms that work with crypto transactions , like Xbtfreelancer, Ethlance, Blocklancer, etc.

Compared to the FIAT-based platforms like Freelancer.com, Upwork etc., the crypto-based ones are much more attractive IMO , when i look at the huge fees taken by Freelancer.com and the likes.

Also there are no KYC annoyances there, and that's another benefit for a freelancer , if he wants to keep his income undisclosed from his government ( thanks also to cryptocurrencies , the transactions as well can be easily anonymised ).

What i don't understand is why there is almost nobody on those platforms despite the advantages for the freelancers?

Probably the lack of freelancers is just due to the lack of employers, there is no other explanation IMO.

But why no employer then?
There are only a bunch of them looking for very specialized workers with blockchain-related skills, just because it's harder to find them on a generic platform rather than a crypto-related one.

It seems that the employers prefer Freelancer or Upwork.
It could be that the wages/commissions they pay to freelancers on Freelancer.com can be easily deducted from the employers'  taxes, while on crypto-based platforms that cannot be done?
That would explain everything.

Of course if the crypto-based platform would cause a financial loss to the employer, due to non-deductible expenses (wages), then it would be not convenient for him to be there.
17  Economy / Exchanges / Re: #DeleteCoinbase - what is going on with Coinbase? on: February 28, 2019, 08:52:14 PM
What do people expect from a company which offer centralized services such as wallet and exchange which is "against" cryptocurrency goal/point rather than offer decentralized wallet/exchange?

People should've done it years ago/limit using Coinbase only to buy/sell Bitcoin and start using real wallet and DEX.
The fools even accepted XRP LOL.
I can not remember when was the last time I used it. I think I will also need to close my account too if I manage to find my credentials. #CoinbaseByeBye 🙂

For buying new fresh coins: What is a better option than COINBASE?Huh  (with Fees and other things calculated in there)
Use peer to peer facilities. There are ATMs which I understand not many. There are some exchanges who allows you to buy bitcoin using the fiat. Binance added it recently.

With "new fresh" he means buying them with FIAT, not with  other crypto , right?

ATMs can be found only in a few cities in the world  for now, so it's not an option for 99.9% of the people.

There are 3 other valid exchanges i know where you can buy coins with FIAT :
- Bitstamp ( i've been using it for years )
- Binance ( but i've tried buying with credit card there and  did not work for me )
- Bitfinex ( i have never tried it though )

About buying with FIAT on DEXes, the problem is trusting the other peers and eventual escrows , for example if you are going to buy coins with EUR/SEPA from another DEX user.
18  Bitcoin / Hardware wallets / Are Ledger Nano seeds secure? on: February 18, 2019, 09:12:55 PM
Brainwallets are not secure,  at least if they have a relatively short seed , like 12 words.
What about Ledger ones that have 24 words?
19  Bitcoin / Bitcoin Discussion / Re: Please DON'T pay any taxes on your crypto! on: January 27, 2019, 04:55:52 PM
I think same as you my friend.Way how we can avoid country fees are:
1.Be safe when you transfer your money because your country will be able to know where you are using your crypto when they know your bitcoin address and if they know website address.
2.Do not use exchangers where it is necessary to confirm identity with id card.
3.Do not buy bitcoin with your fiat money where they are asking you for id card,own identiy number,...
4.Do not talk to much to other people that you are not paying crypto fee even if they are your clostest part of family.
5.When you cashout big money,dont buy own house,car, go rent a car,rent a house ,rent everything,or buy it and then fast sell it to closest part of your family and then use it like it is yours.

Big tax which we have now are robbery we are traveling back to the past but now there are couple of kings,queens,queens and kings support=corrupted goverment voters,police and army,priests,people with small income and people which have small chances to survive.
^
THIS

I would rather pay tax on my crypto currencies than having the governments banning crypto. Letís not give the governments another reason to disallow us using crypto. Anyway, it is good to contribute to nation building, isnít it?
Tax is charged on an exchange transaction when you want to exchange your coins for real money. This is done automatically when you make a currency transaction.  Smiley

@Lyana  
For now the "automatic" taxation is only done in a few countries.
@Lyana  @shirackjs and everybody else thinking that you MUST convert crypto into bank savings sonner or later...
that has already been answered in this reply https://bitcointalk.org/index.php?topic=5102409.msg49439298#msg49439298
( why don't you read the discussions? Smiley )

Quote
I 'll try to answer to most of your comments here.

--------------------------------------

1) Paying taxes for helping your place to develop
These types of comments deserve a big Facepalm.
When you go back home tired from work, please relax on your couch and watch this classic that pretty much everybody knows of: Zeitgeist.
https://www.youtube.com/watch?v=pTbIu8Zeqp0&t=5776s
https://www.youtube.com/watch?v=HbvCxMfcKv4

You will learn a lot of things from that, for example that the taxes and the fractional reserve are big scams.

We will be turned into slaves more and more year by year.
The real development and scientific research gets hindered and slowed down by them.
They definitely spend most of our tax money for less legit purposes than "development" or "your well being".

-----------------------

2) Cashing out to my bank account ( ... really? )

Some of you are incorrectly assuming that you MUST convert crypto into bank savings... why must you? There are many ways to cash-out, mostly anonymous:

- Restaurants/Shops/Services that directly accept crypto, are spreading out, even though at a slow pace

- Exchange crypto for cash by meeting with other people in your city (i.e. over-the-counter, LocalBitcoins, etc.).
Hint: check the banknotes' validity with something like this https://www.amazon.com/Dri-Mark-Counterfeit-Detection-Watermark/dp/B07F6PW69G

- [Caution with this] Get a crypto-enabled credit card like WirexApp , and cash out just a tiny amount of money at a time on it, just for small purchases at the moment you need to buy something. This is a handy way of cashing out, but it's traceable. Cash out a VERY limited amount per year in this way.

- Yeah, convert crypto into bank savings, but at a bank in a tax heaven so at least you pay very little taxes. Don't be a fool like some guy that keeps his bank reports at home, so that the dogs have the proof on a silverplate... ( some guys got caught for this naive move ).


--------------------------------------

3) Going to jail
If there's no proof, there's no jail for you.
Do you want additional safety?
- Withdraw BTC from the exchange to your BTC wallet
- Create a new BTC wallet, and move all your coins there

Why?
In this way, there is a  proof on the blockchain that you moved all your BTC to another person (which is you, but there's no evidence, it can be anyone).
So it's like you have "cleaned" your coins from your name Smiley


What is the advantage?

They want to tax you on the FIAT money that you moved on the exchange for buying the coins, AND on the additional earnings you got from an eventual
 price rise if they know you hold the coins for, say, 2 years, and the price went up by 500%.

But if you followed the 2 smart moves listed above, you proved that you gave all your coins to another person right after you bought them, so there's no earning to be taxed due to the coins' value increase.
Thus, you will only pay the taxes for the FIAT money that you spent for buying BTC
--------------------------------------

@shirackjs I forgot... who cares if the govs "ban" crypto? If it is decentralized, it will continue to work as before, and the price will continue to grow without the need for the gov.
BTC doesn't need gov's decision to raise in value.
It already is revolutionary enough that the price will go up naturally, without the need for help by dishonest tricksters called the gov.
20  Bitcoin / Bitcoin Discussion / Re: Please DON'T pay any taxes on your crypto! on: January 27, 2019, 04:36:34 AM
Your words on how not to pay the Bitcoin tax is very impossible to apply in our country. Simply because every time we will convert our Bitcoin to fiat in our local exchanges it's already deducted for Bitcoin tax for the government therefore it is impossible to avoid not to pay the tax for us but even it is possible to avoid it but still i will not do it as i firmly believed that Bitcoin is a help to the nations economy therefore it is our obligation to pay the Bitcoin tax.

If you read the answers it has already been said that you don't need to convert crypto into fiat on an exchange.
There are many other ways to cash-out, even anonymous ones of course.
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