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September 26, 2018, 03:52:43 AM *
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1  Bitcoin / Bitcoin Discussion / Re: EXPECTATION Vs. REALITY Bitcoin in the Eyes of the People! on: September 25, 2018, 10:22:37 PM
There is no shortcut in success!!  That powerful word teach me a lot of things in life..

Umm, bit strange statement considering that Bitcoin broke into the mainstream attention as a posterboy for "Shortcut to success". We've all seen those headlines about accidental millionaires - people who got in early, often without fully realising what Bitcoin is.

It's safe to say that vast majority of crypto-holders are here to 'get-rich-quick'. It's just the way it is and we all benefit from that.


2  Bitcoin / Bitcoin Discussion / Re: A simple proof that Bitcoin has zero value on: September 25, 2018, 09:52:49 PM
...
I have heard that bitcoin has no intrinsic value countless times from naysayers but I don't think that is the case. Correct me if I am wrong but the bitcoins that are printed on paper that come out of those bitcoin atm machines with the qr code on them have every bit of intrinsic value as paper money has. As in you can use them to write on, or start a fire with ect.. matter of fact you can just carve a wallet address or put a qr code on anything you want like a bar of gold or like those physical bitcoins they sell that you can load the amount of BTC you want on it. Bitcoin does not have intrinsic value because it doesn't need to have it but anyone can give bitcoin intrinsic value by turning it into something physical they can hold if they want to.

I prefer different argument - What if some wealthy, trusted person/entity publicly and legally obligated themselves to "back" Bitcoin by exchanging 1 paperclip for 1 BTC on demand, disregard of the $ price. Now, by law, every bitcoin effectively have intrinsic value.

What would it change in practice? Perfectly nothing. Significance of intrinsic value is widely overrated.

Alternatively you could argue that the Bitcoin network (with its ability to transfer bitcoins, send messages, files, verify signatures etc) has its own intrinsic value. But to me, it makes no difference.

...
But what does he get with the 5-6 pages of replies on his thread? His inner satisfactory and that's it?
...

Could be a 'trolling' satisfaction. Could be a 'bear' trying to make his little impact in driving the price down. But if he starts a topic, shows some engagement, then go quiet, just to start same topic wrapped in different words - then I have my doubts about his intentions.
3  Other / Meta / Re: 2 questions (Merit & Spam related). Higher ranked opinion needed. on: September 24, 2018, 09:53:30 PM
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Would you reward a Newbie with his 1st merit point, if you see a decent post of his and/or engagement in discussion, but his posting history is, in vast majority, bounty-campaign proof posts? Do you consider such people as spammers, or you just ignore campaign-report posts? After all, they don't pollute the forum and are contained in dedicated threads.
As long as you think that the post deserves merit and you have some, why not?
...

Because it shows that primary reason for their activity is for-profit posting. Therefore rewarding them with merit (effectively ranking them up and enabling their signatures) increases risk of them jumping straight into signature-campaigns to shit-post one liners all over the forum in very high volumes.

That's why.
4  Other / Meta / Re: Show trust rating on Beginners & Help board. on: September 24, 2018, 09:46:26 PM

Agree, but wouldn't be easier just to show trust rating on every board? I don't quite understand why is only limited to marketplace + private messages.

Simple logic, if the system is generally considered helpful - show the score on the whole forum. It's not like potential scamers will limit themselves to 'marketplace'.
5  Other / Meta / Re: 2 questions (Merit & Spam related). Higher ranked opinion needed. on: September 24, 2018, 09:29:21 PM
...
1 - ...I would not consider it a good post either for merit.

Thanks. To clarify, in Q1 I'm asking is there any way to tackle such posts (ie. by reporting them as spam). We all know what it is, low-effort copy-pasting to boost up post-count + hunt merit points. The problem is, they don't break any forum rules... Maybe reporting them as "wrong board. --> Press" could help.

6  Other / Meta / 2 questions (Merit & Spam related). Higher ranked opinion needed. on: September 24, 2018, 09:06:11 PM

1 - Newbie starts a topic - copy/paste content from bitcoin-related article + link (so no plagiarism), no own thoughts nor any other contribution. Is it treated as spam and should it be reported to mods, or is it allowed and we should just ignore it?

2 - Would you reward a Newbie with his 1st merit point, if you see a decent post of his and/or engagement in discussion, but his posting history is, in vast majority, bounty-campaign proof posts? Do you consider such people as spammers, or you just ignore campaign-report posts? After all, they don't pollute the forum and are contained in dedicated threads.
7  Economy / Economics / Re: My question about bitcoins economical shift on: September 24, 2018, 08:36:24 PM
...
Lets say all the fiat money will be gone and crypto currency will be used how the bitcoin price will be calculatwd??
If the dollar is falling the USDT...virtual currency will be still the base currency for crypto?

If crypto was to replace fiat money entirely (not gonna happen though) then you could expect similar picture as we have right now, just replace USD with BTC etc.

Traders/economists and alike would observe crypto/crypto pairs, while general population wouldn't care too much.

ps Take all the "Dollar is collapsing any minute now!" statements with a grain of salt.
8  Bitcoin / Bitcoin Discussion / Re: Mind uploading and/or chip implants in the body as alternative to wallets on: September 24, 2018, 08:09:44 PM
Eugenics > Transhumanism. Always.



It already happened: "World's first Bitcoin payment to NFC microchip implanted to hand" https://www.youtube.com/watch?v=Pyhqjs7wm-M

Personally I don't see much point behind equipping chip-implants with payment options. You can easily create payment system when you won't need any device - you just associate your account with biometric data and could authorise payments with fingerprints/eye/face recognition. Seems pretty straight forward for 3rd party services, obviously more complicated with decentralised crypto.
9  Bitcoin / Bitcoin Discussion / Re: A simple proof that Bitcoin has zero value on: September 24, 2018, 07:34:33 PM
...
Actually, I am not sure he is just trolling. He has a solid, veeeery theoretical point. Imo, we are just abstractly, in theory, talking about "value" in general and bitcoin. In practice this debate is actually quite meaningless. It is still imo interesting debate.

I know OP from his other threads. Sometimes he is thought-provoking, I'll give him that, but usually he would just waffle around good old "bitcoin is worthless because it has no intrinsic value" rhetoric, acting like he has come up with something new.

In this thread he attempts to re-define the meaning of the word "value" to fit his narrative. I don't think there's a single country in the world that would allow you not to pay taxes on otherwise taxable income just because you take bitcoin as a payment, or allow you to hide your wealth in bitcoin from wife you're divorcing - because it has no value, right?
Any sensible person would rather adjust his definitions to be compatible with the rest of the world - but that wouldn't earn him 5 pages of replies.
10  Other / Beginners & Help / Re: What is PoC ? on: September 23, 2018, 08:13:21 PM
People Of Color obviously! Pay reparations wite boi!!!

But seriously, everyone above refers to Proof-of-Capacity, but the emboldened part of OP's post suggest that's not what's he's asking for:

... when all of the BTC and Alt are green and they say 99% are just PoC?

There's another PoC term related to trading and TA: "Point of Control"
https://marketdelta.com/how-to-plot-and-trade-naked-pocs-point-of-control/

@OP - it's always good to quote the context in which you've seen that term used, to avoid confusion.
11  Economy / Gambling / Re: SafeDICE.com ★ Bitcoin Dice ★ Monero ★ 0.5% Edge ★ Fast Cashout ★ Since 2014 on: September 23, 2018, 06:33:44 PM
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For those who cares this was the roll: https://safedice.com/bets/334793933  only 50 BTC won (not 60) but still a huge amount.
...

Thanks for clarifying. That's an insane bet with multiplier exceeding x956. Similar thing happened before (some Russian guy almost wiped out entire bankroll), so no wonder if some investors lost their confidence and cashed out.

Out of curiosity, how did you manage to find the bet id? Is there a record of high bets on SD anywhere, or did you searched manually?
12  Bitcoin / Bitcoin Discussion / Re: How did I lose money for Bitcoin? on: September 23, 2018, 12:50:14 PM
...at that time 1 BTC was priced over 8k $, I bought 20BTC...
Then 2 months in March 2018, 1BTC was priced at over $ 11k, I was happy and decided to buy another 50BTC
I thought I would be a millionaire!

20x 8,000=$160,000
50x 11,000= $550,000

So you saying you had over $700k lying around and you were not a millionaire? And you managed to recoup your losses? That's awesome!!!

One would think such a successful trader wouldn't bother with abusing bounty campaigns and copy/paste spamming, but what do I know...

Seriously, f**k off to where you crawled from. Reported you for spam.

13  Economy / Gambling / Re: SafeDICE.com ★ Bitcoin Dice ★ Monero ★ 0.5% Edge ★ Fast Cashout ★ Since 2014 on: September 22, 2018, 09:32:57 PM
<snip>
dont hype the site for no reason. NO ONE WON 60BTC THERE

Pretty sure he's referring to -60 btc loss shown on 9th June 2018 (see dicesites for reference) and to whatever happened then.

And isn't it a bit strange that you decided to bump up this thread by replying to a 2 week old post, just to accuse a guy of hyping the site...
14  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Looking for a CEO! on: September 22, 2018, 08:13:23 PM
Are you serious, or are you just using term "CEO" in casual manner? Essentially what I read is that your team is looking for someone who will have the power to fire anyone from the team. And if there's no one within your team who have enough skills, experience and confidence to take the lead, how will you assess competence of applicants at all?

What's the legal status of your organisation? Are you a registered company/foundation? If so, in what country, what's the name and registered number?
15  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Ideas to promote a new CryptoCurrency Exchange Start-Up? on: September 22, 2018, 03:21:38 PM
It will be extremely hard for you to take off and get a decent trade volume unless you offer something different. No one will move their funds from other, established exchanges to new and untrusted one, unless there's a solid incentive.

...We are going to take away the listing fee and allow any interesting projects with strong community to be listed for free.
If you have any interesting project with strong community please apply for list at https://www.dontoshi.com/submit-coin

Listing new, promising tokens and being the first place they could be traded is by far the best strategy. But you need to be proactive, don't expect them to approach you, you need to actively seek for projects with potential and offer them listing with you.

And do you only allow ethereum tokens to be listed? No other blockchains? On token submission form every field is marked with red asterisk (as obligatory?). I don't see the logic behind it, would you reject application if token doesn't have telegram or twitter account?

16  Alternate cryptocurrencies / Speculation (Altcoins) / Thoughts on GAB Tokens (GAB.io) ICO (SEC filed)? on: September 22, 2018, 02:03:39 PM
Recently I signed up to Gab.io (censorship-free twitter alternative) and few days ago received an email about their ICO: https://www.startengine.com/freespeech

Quote
$4/share of Class B Non-Voting Common Stock deliverable in token form (the “GAB Tokens”)
When you invest you are betting the company’s future equity value will exceed $39.9M.

$40m is a rather modest market cap for existing platform with over 600k registered users. My personal opinion is that it's a "low risk - low reward" type of thing. It will hit $40m market cap but won't get higher than 2x that.

CoinDesk:
https://www.coindesk.com/alt-right-ico-social-network-gab-sell-10-million-tokens/
SEC filing:
https://www.sec.gov/Archives/edgar/data/1709244/000114420418004542/tv484000_partiiandiii.htm#gab_006

They've already raised $404,752. The minimum is $252, which is a bit too much to throw around without doing proper research.

Thoughts on that? What's the potential here?
17  Bitcoin / Legal / Re: Tokenized lawsuit on: September 22, 2018, 09:00:16 AM
Assuming you got all the $10k from token sale - why would you keep half of the costs returned?
To keep it simple. Company has to use money to cover a lot of other things such as taxes, payments to other contractors involved, etc. To make it simple it's half for investors half for the company. Without breaking it into this and that, issuing more tokens etc. Just a simple rule.

Keeping it simple would be: investors pay for your lawsuit - investors get their money back if you win + some share of your "winnings".
In your proposed model, there's still a risk they will lose money even if case is won (as you can 'win' but get less "winnings" than you asked for).


Quote
If you want to share half of that $5k with 'investors' - then you're $2.5k down.
Yes that is correct, this is the part of investment risk, however if the case is won there's no way to lose money.

You didn't understand. You lose money if you win. As the 'winnings' are actually a 'compensation' for you. Simple hypothetical example (lets ignore legal costs to keep it simple):
- You sell a bike to a guy for $400 and agree he would pay you next week.
- He don't pay you (also bike got destroyed/stolen/sold etc)
- You take him to court and you win. Court orders him to pay you $400
- You share 50% of that "winnings" with investors.
- You have $200 left.

Summary: You had a bike worth $400, now you only have $200. That's a $200 loss.
18  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Professional advice Here! on: September 21, 2018, 09:52:36 PM
...Recommending sites that pay for icos' reviewing is highly appreciated. 

Don't wait for others to reach out to you. If you feel you're a good reviewer, just hit up all the major review sites and offer them your service. Have a sample of your work, describe your usual methodology etc.

If that doesn't work, start your own blog ie with top ICO picks of the month, share the content on this forum (dedicated thread), Steemit + on social media. If you get any traction, you could start charging ICOs for featuring them.
19  Alternate cryptocurrencies / Altcoin Discussion / Re: Learning crypto in universities on: September 21, 2018, 09:40:45 PM
...
mate , there are already some universities provide some courses about the blockchain technology as it will dominate in future

"Some" is a bit of understatement. There was already a discussion on 18% of students owning cryptocurrency, the same survey, commissioned by Coinbase, showed that 42% of the world's top 50 universities offered at least 1 blockchain related course.
See for reference:
https://blog.coinbase.com/the-rise-of-crypto-in-higher-education-81b648c2466f
20  Other / Beginners & Help / Re: Do you need 1 merit (only demoted newbie). If you good reporter than read it. on: September 21, 2018, 08:45:32 PM
possibly 300 or something like that. and that page is not going to show up if you have reported less than that no matter your rank.

BAM! (that is what happens when you trust a screenshot!)

Exactly , need 300+ report to show this page. Usually they will able to see only good and bad post count if less than 300 good report. But in order to show page like I posted must need 300+ good report.

Pretty much correct. It's the same screen (with reported posts stats and 2nd para) but without the list of the reported posts (table).

I will not trust screenshot or I will send merit them for screenshot. I will visit their profile history if screenshot is here. It doesn't mean they will merited for good report. They will merited if quality or useful post on their history. Also they are not able to preview this page if they don't have enough report.

Speaking of fake screenshots, wouldn't it be better if we started casually dropping something like the one below on the spammers' most popular boards (create "paid for report" TM meme). No outright lying, just letting them come to their own conclusions. IMO it could work miracles, but just thinking out-loud.

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