Latest posts of: timerland

Quote from: Passionate on June 25, 2019, 10:06:33 AM

I wanna share my story how I got my BTC. I run a small private game server and last April, a player optimistically suggested that I create a BTC wallet so that he can donate to the game server I run. I decided to make an account on Coinbase initially but when I asked this specific player, he recommended Binance.

In my thoughts, Binance and Coinbase both have the feature of creating a wallet. Believe it or not, I've already browsed and saw differences between Binance and Coinbase, interface-wise I love how Coinbase looks because of its visual appearance.

So my question is, based on user experience, where is the safest and stablest wallet I can use so that my BTC won't magically disappear like what have happened historically.

Thanks for reading my really newbie question and soon I'll write about how this specific player who got me into bitcoin helped my private game server grow (its an old game, but runescape is still older)

Binance certainly does not have the feature of creating a wallet.

Unless you use your exchange balances as a hot wallet, which is completely stupid in my opinion. If you look at what happened in the past with people blindly trusting exchanges as a wallet, I think that you will agree with me as well.

Coinbase is not that much better. Even though they specialize as a "wallet provider", they still do not allow you control over your private keys. They even removed the option of signing messages with your previous addresses, which further takes away your control.

I strongly recommend, as others have stated, investing in a hardware wallet.

Quote from: PryptoMontreal on June 20, 2019, 06:32:05 AM

Quote from: timerland on June 20, 2019, 04:47:34 AM

-snip-

I resell my cards! As stated above, I can share my details with a trusted user in order to prove my statement. Amazon cards I sell are mostly obtained from e-whoring!
My suppliers are users on Paxful and a guy over skype. None of my buyers has every had a complaint, again, can share telegram details so as to get trades checked!

PS :- If a staff member asks me to stop, I'll readily stop my sales right there!

Staff members won't tell you to stop.

Nor will you be handed a ban. All that will happen is that a DT member will potentially tag you if you continue with this shady behavior.

I still don't see your point here - could you directly answer the Photoshop allegations as opposed to dodging them? Even if you are a reseller, if you did pass on these cards that are PS'd, wouldn't it still result in a financial loss on the end of the victim?

Also, what's your side of the story with this new allegation?

Quote from: rdemanillc on June 26, 2019, 03:03:06 PM

he scammed me too..i will post shortly

Quote from: pmedia on June 26, 2019, 09:36:56 AM

Hi, I new here. I want to know that which exchanger is good for exchanging Erc20 tokens?

Binance is a reliable option if you are looking for a centralized exchange, although they may not have the most listing pairs given the fact that they have quite stringent rules for what coins will be listed. But what are listed will be liquid markets.

If you are looking for a DEX, I think that your best bet is probably Idex at the moment. They have a relatively high volume for a decentralized exchange.

But really, you need to be more specific about what you want to trade. Try searching up your ERC20 token on cryptocompare, and then going through the listed exchanges. They have quite comprehensive reviews for each exchange also.

OP, coinbase is known for doing this.

I've personally been subject to one of their "security" policies where they would keep withdrawals pending for 72h while you can do absolutely nothing about it, similar to your case where your funds are essentially frozen.

Unfortunately, that's the situation with Coinbase right now. It's really gone downhill given all its suspensions, frozen funds, and terrible customer support. I'd strongly suggest not using it in the future if I were you.

If you are looking for a quick transaction and don't care much about rates, always look on p2p trading sites. Localbitcoins is a good option.

Quote from: BitMaxz on June 26, 2019, 08:07:34 PM

What do you mean by "CB"? is it a CB bank from Myanmar? It looks like your country is not listed yet on their supported countries from here https://www.coinbase.com/global#

He probably means Coinbase by CB.

Quote from: jonathan6655321 on June 26, 2019, 12:33:29 PM

I heard people saying it won't affect bitcoin at all, and others say it might destroy it

I wonder what's your opinion about it?

What can be the worst case when it comes to Libra and Bitcoin?

I'm probably in the former camp. I simply don't see anything that would suggest that Libra will pose a direct threat to BTC.

The thing is that people understand that bitcoin is decentralized, while Libra is extremely centralized in the way that its value is derived from. The fact that you need to trust the corporation to hold sufficient reserves to keep the tokens solvent means that there is a risk that not everyone will take.

And given the fact that current bitcoin users are likely to be aware of these risks, they are most likely not going jump on ship. Furthermore, institutional investors will not be interested in Libra given the fact that there is a lack of profit incentive in using it.

If you're talking about absolute worst case scenarios, then I think it'll be tightening of regulations for digital assets overall, given the apparent regulatory risks that Libra poses. But even that's probably going to happen regardless.

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There are specific clauses and sections mentioned under which, according to my belief, criminal deeds will be prosecuted and be punished for their criminal and/or money-laundering activities and also consist tax evasion. So, those articles and online news outlets trying to create panic in public should stop doing so without complete knowledge of what they're sharing. It's ridiculous how journalism has turned out to be spicing up the whole debate and bake money in their hands for doing the same.

Of course you're going to be handed jail-time for using any currency for illegal means. The currency doesn't even matter. This is just legislation specific to bitcoin, but if you don't do anything not in accordance with the law, then you should have absolutely no worries.

The fact that people are trying to spread this type of uncertainty, and people are actually believing them is disconcerting, though.

Just a little common sense will get you the answer you need. If there using BTC was an indictable offense, why are there even regulated bitcoin businesses operating in the US? Why aren't there heaps of people in jail? And how would they even enforce such a law of censoring an entire decentralized network, even if it was true?

Quote from: Csmiami on June 25, 2019, 10:18:44 AM

Since the process is slow, we did agree to me "buying" the coins, so that in the long term, when everything was sold, I could withdraw the benefits. We decided to split the payment in 2; one upfront (0.05BTC) and a second one of 0.028BTC once I had the YOVI tokens in my account. This was fine at first; I had access to his account, but the market is slow AF, and he started getting very nervous, constantly asking me to give his money and so on.

A year and quite more has passed, and I still don't have the tokens in my power. Yobit has done nothing about the situation, my support ticket has been open ever since, and I'm not sure I about whether he created one. I no longer have access to his account to place sell orders, because Yobit asks for an email code every time I try to log in, and that code is sent to salek's email.

I'm kind of confused as to why

a) The accused in this case is "nervous", even though you agreed to a sale of the YOVI tokens with 2 instalments, which will not be influenced by any market prices.
b) You didn't have the tokens in your power, even though you stated that you had access to his account.

Am I missing something here? Was he supposed to transfer the YOVI tokens directly into your account, which he didn't do; or were you supposed to sell the tokens for him on his own Yobit account? Please clarify.

Just a side note, dabbling with rise only markets in yobit is an incredibly risky venture that I would personally not ever subject myself to. There is no real blockchain and if yobit decides to not respond to your support messages (which is the case here), you have no recourse.

Quote from: timcook on June 25, 2019, 02:12:20 PM

So while we're all happy celebrating our beautiful bull-run, these guys are trying to figure out what the true cause behind this bull run is. https://cryptotradernews.com/cryptocurrency/decoding-the-bitcoin-bull-run/

My takeaways:

Most altcoins are underperforming.
Institutional investors are starting to get really interested
Bitcoin's halving is happening very soon

Thoughts???

I'm not entirely sure why the first point is mentioned.

I personally think that the wider crypto market underperforming was something that was expected. The fact was that initial offerings were completely overhyped and most utility tokens/securities sold have absolutely no underlying value. But I don't think that contributed to the BTC bull market at all.

Also, halving is a factor which drives people's bullish expectations, but I don't think even that is the root cause.

The main underlying reason I think is still a) the adoption of SW, LN, etc. which improved the fundamentals of BTC as a network and b) the cycles that exist within the BTC market historically every 4 years repeating itself, partially due to people's expectations.

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A patch over an archaic banking system that is insecure, ridiculously slow, and very expensive.

This is probably the only advantage that Libra has against the traditional banking system.

Every other parameter is essentially copied right over, apart from optimizing the data analysis for FB's own gain. By having a blockchain like this, as well as their own currency, they are able to essentially track your every move every time you transact with this, which is completely against the ideas that bitcoin stands for in terms of anonymity.

And who would ever think that it's a good idea to trust a company, let alone one that is affiliated with paypal, to hold reserves? It would only be a matter of time before this ends up like a lot of other so called "stable-coins" that are operating under reserves a fraction of their liabilities.

Quote from: thecodebear on June 23, 2019, 08:40:14 PM

What do you think? We saw a little bit of a correction for like a day back to 10300s. Do you think there will be a bigger correction lower than that, perhaps back into the 9000s in the near future? Or do you think Bitcoin has left 4 digits behind for good? Right now it's back right at $11,000.

I personally think that the support has been tested with the dip a few days ago, and it held up nicely.

The chances of us seeing a major correction is still there, but I think there is still ways to go before we see one since the market right now is starting to feel euphoric. But even if a correction comes - the likelihood of a flash crash down below five figures is still very unlikely.

Besides, the fundamentals are there. Nobody can deny the fact that institutions are clearly showing interest, as well as the fact that a markets are more mature this time compared to 2017.

I think that the best accumulation phase has already passed, although I'm not saying that if you are a long term investor, you can't accumulate now.

Quote from: oseikuf44 on June 25, 2019, 09:30:16 PM

I need a Loan of 700$ and will pay back in monthly installment up to 6 months. I will do KYC.

KYC is simply not collateral, let alone a valid one. From a lender's perspective, in the case of default, what's the point of them having a useless photo of you holding up your ID?

He can't do anything, especially if you are located overseas in which case he'll have no chance of legally suing you or filing a police report. An ID is almost as good as nothing on this forum. And who knows if you're not using a stolen ID?

Provide a legitimate form of collateral, such as liquid cryptos, or lock the thread, because I highly doubt anyone here will be willing to finance you. Try p2p lending instead.

There is really nothing useful to be extrapolate out of this.

We already know the clear cut correlation between price and mainstream attention, and google searches is essentially a measure of what the prevailing mainstream sentiment currently is within the market, and nothing more.

It's an indicator that will trail price movements, rather than precede. Which means that I believe any attempt at predicting future market movements using google's data will simply be futile. People citing this as TA is just misinformed imho.

What should be analyzed should be the fundamentals, i.e., how much real adoption the network is receiving. Attention =/= adoption.

Quote from: bul168 on June 24, 2019, 12:02:42 PM

I have some money on Webmoney and I want to deposit some of it on a debit card to make some online payments. The site I want to use does not accept Webmoney so my only option is using a virtual debit card preferably with no KYC. Also it should work outside of EU and USA.

Does anyone have any recommendations?

If you are willing to conduct KYC then most likely the card that Webmoney provides themselves will be your best option.

Especially given the fact that IIRC, Webmoney does have restrictions on currency exchanges using WMZ, which means that you can't technically first exchange your WMZ funds to bitcoin or another payment processor, then using a bitcoin VCC provider or whatnot. That would technically be breaching their ToS, even though I don't think that they enforce it much.

But you will find that your options are completely limited if you filter out all the ones that require KYC. After the Wavecrest saga, Wirex and most other previously anonymous VCC providers have stopped providing KYC-free cards.

Quote from: CryptoBry on June 03, 2019, 10:48:42 AM

The proliferation of ICOs especially in the year 2017 resulted into some of them being accused of offering securities instead of just the usual tokens. There had been projects which were served cases by SEC and many of them prayed that SEC will instead formulate something that can be acceptable by both sides.

Hence, SEC has the 'no relief' action to give chance to those accused of dealing with securities but later on proved that they are actually not based on the things they achieved so far with their corresponding projects or platforms.

I am sure that many projects got some sigh of relief with this development. With securities now clearly defined as opposed to just offering tokens, let's see if there will be new projects originating or based in USA this time.

These aren't really major developments. SEC has been really handing out settlements like this without prosecuting the firm of its wrongdoing, in exchange for cooperation or certain conditions for many decades.

But it is a welcome sight in my opinion, because they are recognizing the fact that simply barring everyone entry into this crypto industry by setting absurdly high regulatory standards simply is not going to work.

I think they are recognizing that a greater level of collaboration between the firms already established that may be vulnerable to securities laws, and the regulatory authority, need to be had to achieve effective regulation, which is great. But as to how they actually approach cases and hand out these concessions is yet to be seen.

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In other words if you have Dell laptop, don't use the Dell System Detect and update as soon as possible

Christ. Does this apply only if you have a Dell laptop, or is it PCs as well? In the article it mentions both laptops and PCs but here you only mention laptops, so could there be potentially some further clarification?

I guess to be safe, if you own any dell products, just check anyways.

Quote from: TryNinja on June 24, 2019, 07:36:36 PM

Yikes. My Dell XPS 15 came with this software. Thankfully I installed Ubuntu right after it arrived.

Crazy how there are so many vulnerabilies everywhere (VLC, DELL software, ...) that goes unnoticed. Anything can be vulnerable to attack vectors. Undecided

it's sad how we can't just say anymore that we are safe as long as we don't download random stuff over the internet.

You really got to be extremely careful and stay up to date with these things.

And this is not just something that is brand discriminatory - it can happen to any OS, any manufacturer, any brand. There's a ton of people seem to think that they are protected simply because they use a OS different to windows, or that buying a certain brand's products will mean they can store their coins safely on a machine all of a sudden.

Quote from: josephdd1 on June 09, 2019, 02:52:43 PM

Since KIK's getting sued by the sec, many people are saying that Kik will fight it if the case goes to hearing..
but what would be the ultimate outcome if sec wins? what if defendcrypto funds is not enough?

could sec force kik to buy back all tokens and / refund investors? or would kik be let go with just a hefty fine / settlement? what do you guys think the most realistic worst-case scenario could be?

I think that the most likely outcome is some sort of settlement deal between the SEC and Kik occurs without any actual prosecution.

It is unfeasible for them to buy back all tokens, because of how widespread they are, and the fact that it was offered globally. It is also unclear how much of a hold the SEC even has over a company that seems to be incorporated in Canada.

Quote from: josephdd1 on June 23, 2019, 03:55:04 PM

Quote from: Kemarit on June 11, 2019, 01:03:29 PM

SEC's regulations are very clear. If a company or a entity offers securities to American citizens, even that company is outside of the soil, it still falls under the jurisdiction of SEC. That's why they are very quick to pull the trigger here sue Kik. And what is Kik's defense? then say that they sell tokens and not securities, and that is a weak defense, in my opinion. So this litigation is a landmark, and it could set a precedent and let this be a warning to all companies as well.

How is it a weak defense? KIN is entirely a utility based token and not a speculative investment vehicle. Crypto assets are not regular securities. Regular securities only had one function, to raise money. Crypto assets serve a utility. And there needs to be a separate category for these. There haven't been anything like a crypto asset in the past. Something that both acted as a currency and as an investment vehicle.

SEC's main agenda is to dominate world economics, and that is why they are after cryptos. But with increased pressure from large companies, that stance will change soon. Maybe Libra / Facebook and JPM would be a start. SEC doesn't have the balls to go after these companies.

Unfortunately, the fact is that despite a lot of things that is being offered not being securities, the SEC would regard them as such and come after these businesses that are conducting an initial offering nonetheless. It's not really up to us to interpret it.

Quote from: BobK71 on June 20, 2019, 03:15:59 PM

No, Facebook's new cryptocurrency, Libra, is not a new 'world currency,' as The Economist proclaims, nor a way to supplant (or protect Facebook and users against) the world's fiat money, as Bill Blain seems to think.

I'm not sure why Blain would think this way.

The fact that Libra bases its value off of the fiat currencies that it has in its basket means that it's acknowledging that fiat currency will still be the underlying asset used by the financial system, and that it would never replace fiat.

I think that Libra's main objective here is to create a centralized alternative to bitcoin, but I'm not sure how effective that will be given that most bitcoin users know exactly what's going on.

Besides, there is absolutely no reason to believe that regulators will not act as they will see Libra as a threat, much the same way that they see BTC as a threat, as it takes away from their control over the economic system. As Chris Hughes said:

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“If even modestly successful, Libra would hand over much of the control of monetary policy from central banks to these private companies. If global regulators don’t act now, it could very soon be too late.”

The Fed lowering rates will likely have significantly less impact than people anticipate in terms of fueling the BTC market.

I think that because of the fact that people don't obtain credit from traditional means, even when they trade BTC on leverage means that these rate cuts will probably have little to no tangible effect on the demand for BTC.

The weakening of the dollar could potentially mean that BTC appreciates in USD terms, but even that is not guaranteed because USD is the most traded BTC pair, meaning that most people regard USD as the base pairing anyways.

More importantly should be the cycles existing within BTC markets. The fact is that sentiment is quite bullish and that we're in the early stages of a bull market.

I think that the one thing that people will benefit from regardless of whether they choose to adopt Segwit (which they should, for their own sake of saving further on transaction costs), or not that you didn't mention in the OP but others above have mentioned is consolidating inputs.

I personally have saved probably tens of dollars by simply merging small inputs in my wallet when the fees are low and when I'm not in a rush for confirmations, and as a result, being able to pay less transaction fees when the markets are overheated.

This works even when overall network fees are high. Since if you are not in a rush, even in a high-fee network, you're capable of choosing a lower fee and wait for confirmations. Essentially, it's almost like speculating on fees.

But anyways, I echo the sentiment of others who say that this bull market will likely to see much less fee fluctuations, but you may still take these steps to be prudent.

It's similar to yobit in these regards.

But Coinmarketcap will probably like the exchange to be kept listed regardless. Given its high volume, and their focus of having more data points to draw average prices from, they really have no interest in removing it altogether.

Especially given the fact that BiteBTC consists of the majority of the volume for a lot of coins with smaller capitalizations, if CMC removes that from their data then the price data will be even more inaccurate and would reflect less liquid markets.

I'm not saying that this is the right thing to do, given that the deposit/withdrawal issues likely make the prices skewed anyways, but this is what's likely to happen, or not happen.