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1961  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin and Ethereum having difficulties? on: March 28, 2018, 06:09:29 PM
The correlation between them is very high. You can check this on this site.

People are in doubt about the whole market, not just specific assets. We need more of fiat converted to cryptocurrency. May more people know and trust in the revolution that is taking place. Some specific problems occur with both ethereum and Bitcoin. But the big problems, banning commercials for example, affect everyone.
1962  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Realistic predictions for 2018 on: March 28, 2018, 06:23:16 AM
It is only possible to make any kind of prediction after understanding the range of LN. The pespectvas are great. If we actually have a means of payments that escalates. That on account of a high volume for a low price, we will have liquidity outside the exchanges. That is, it will no longer only be a target of speculation. With that the volume of negotiations increases. Bitcoin becomes something from day to day, more people know it. And with the confidence of being a robust and reliable system, we will have more people using it as Store of value as well.
1963  Bitcoin / Press / Re: [2018-03-27]Bitflyer Increases Bitcoin Adoption with Record Number of Users on: March 28, 2018, 06:06:42 AM
I still do not understand very well the exit of the binance of Japan. It is clear that the market of Japan is friendly to the Cryptocurrencies. It is one of the most important markets in the day to day. Each passing day Japan is closer to adopting cryptocurrency as a currency. Not just speculation. The number of people who know this market should be one of the largest percentages in the world. It has the biggest exchanges. Although I understand from the commercial point of view that to lay a flag in europe is very interesting, even more in a tax haven. Getting out of Japan like this left me with a lot of doubts about the seriousness and transparency of Binance.
1964  Bitcoin / Press / Re: [2018-03-27]Vitalik Wants You to Pay to Slow Ethereum's Runaway Growth on: March 28, 2018, 06:00:28 AM
At some point something like this will be necessary. It is clear that having this amount of data is not sustainable in the long run. Now, would not the path, like Bitcoin, be to think of off-chain solutions to issues that can be addressed in the off-chain?
1965  Alternate cryptocurrencies / Altcoin Discussion / Re: Alternative Block Chains with business models on: March 28, 2018, 05:58:08 AM
Of these platforms presented, I only know the civic. I think a necessary thing in these next years is how to reconcile reputation with anonymity. Or at least how to create a reputation system where a company does not need access to so much personal information and where you do not have to leave traces.
1966  Bitcoin / Development & Technical Discussion / Re: how is cryptocurrency safe? on: March 28, 2018, 02:45:45 AM
I think you're approaching how much the exchanges are safe, not cryptocurrency. Exchanges are unsafe. Do not trust them. Hacker cases are constant and always in high values. And recovering what is lost in them via legal justice is very difficult.

Cryptocurrency, on the other hand, and especially Blockchain, are so far proven to be safe until the discovery of failures.

And failures can occur. That's why we treat it as an experiment yet. In Bitcoin serious crashes are rare and if I'm not mistaken, only once did they have to pause and recover the backup. 9 years with just one pause is incredible.
1967  Bitcoin / Development & Technical Discussion / Re: The Lightning Network's penalty system in action on: March 27, 2018, 10:37:36 PM
Technical error by an honest user who got caught out by the network doing its thing.

Correct.

Imagine a "technical error by an honest user" in Bitcoin such that the "honest user" accidentaly reveals his private key to the internet.  In that case, someone could simple use that private key to take all of the "honest user's" bitcoins.  The Bitcoin network would just be "doing its thing" by allowing the transaction to happen.

Much like the Bitcoin Network, the point of the Lightning Network is not to protect users from their own mistakes.  It is up to users to take personal responsibility for protecting themselves from themselves.  The Lightning Network just tries to protect users from malicious attacks.

Perhaps lightning networks have a bit further to go than many expect before they're fully foolproof.

There is no such thing as foolproof.  There is always a fool out there that can do something foolish regardless of what protections you put in place. That is true not only of Lightning Network, but of EVERY PIECE of technology that has ever existed going all the way back to the hammer or the wheel.



But the user was totally stupid? Or was it a simple mistake that could probably occur thousands of times? I think it's pretty clear that the backup system needs to improve. And improve greatly to the extent that it can be used massively by ordinary users.

Is it possible to prevent the user, perhaps even prohibit, from closing a channel when it is out of sync?
1968  Economy / Service Discussion / How can I tell if a cloud mining business is not a scam? on: March 27, 2018, 07:50:22 PM
Contract deals for cloud mining are very old in Bitcoin. Just like Ponzi schemes. And usually, these two are related. The vast majority of companies that offer mining cloud only work on the basis of trust. There is little evidence that these are legitimate and audited schemes of large mining farms.

Companies that offer this service: Hashflare, Genesis Mining, Minex, viabtc, antmining, hashnest. Some of these companies are known for their pools, for their mining-related products, and for their large mining farms.

But there are several other small businesses that are offering such services. My question is: Is there any checklist to check if it is a legitimate business? Could I ask to receive Bitcoin directly from a newly generated block? Could I request that the blocks be generated with a contract batch signature? Are there technical possibilities to ensure that they are actually mining Bitcoin rather than managing a Ponzi scheme?
1969  Bitcoin / Press / [2018 - 03 - 27]Massachusetts Halts 5 ICOs on 'Unregistered Securities' on: March 27, 2018, 07:14:24 PM
Massachusetts has ordered the stoppage of five initial coin offerings (ICOs), stating in new orders that the companies in question were selling unregistered securities.

Massachusetts Secretary of State William Galvin ordered 18moons, Across Platforms, Mattervest, Pink Ribbon and Sparkco to cease their ICO campaigns Tuesday, following investigations into each of the companies which found that they were all violating the state's "General Laws," which define securities as stocks, bonds or investment contracts which guarantee a financial return, as defined within the orders. The halts were part of a broader investigation into token sales.

All of the companies are further required to offer to return funds to their investors within 30 days. The companies would have an additional 45 days to actually return the funds, starting from when the investor accepts the refund.

The startups will have to provide a list of every refunded investor after paying back the companies, according to the orders.

While the orders noted that the campaigns "shall permanently cease and desist from selling unregistered or non-exempt securities" within the state, all of the startups are able to register their tokens as securities - or apply to sell "exempt from registration securities" - in the future.

Notably, the orders will suspend the investigations into the companies until they have complied with the orders.

However, if any of the companies "fails to comply with any of the terms set forth in the Division's Order, the Enforcement Section may take appropriate action."
1970  Bitcoin / Press / Re: [2018 - 03 - 27] Crypto Market In The Red, Bitcoin Falls Below $8,000 on: March 27, 2018, 06:41:35 AM
The big issue is the very small volume, especially in Asia, when compared to last year. There seems to be a concern about illegal funds and lack of KYC in the exchanges. As long as they do not resolve these issues and regain volume, large declines and large rises will be constant.
1971  Alternate cryptocurrencies / Altcoin Discussion / Re: What's stopping people from using crypto currency? on: March 26, 2018, 10:50:20 PM
There are many difficulties yet. If you are going to see the latest surveys of the average Internet user produced by the Mozilla Institute and MIT[1], you will see that the vast majority of people have no idea how the internet works.

A large portion of people restrict their time on the internet to some sites like facebook. Many believe that facebook represents the internet. They have no idea what a protocol is. They do not understand how different protocols can interact. And all the news that reaches this large part of the population treats Bitcoin only as a virtual currency that has increased in value. That is, we are very far from a global adoption, since knowledge about Blockchain and protocols is limited. It is still not clear that it is a much more efficient way to serve as an intermediary as an exchange of goods, goods, services and store of value.

So, answering the initial question, what prevents more people from using this new technology is the lack of sufficient knowledge to start using it. It needs to be clear that this represents a breakthrough, an economy and a greater speed when compared with traditional means. But the prospects are the best. The paper world is over. We will no longer have newspapers, books and paper invoices. Except in antique stores. That being so, paper money will also end. And the best and most reliable technology is the projects thats uses blockchain.

1972  Alternate cryptocurrencies / Speculation (Altcoins) / Re: My portfolio Review on: March 26, 2018, 08:41:37 PM
Looking at your portfolio, I imagine that your desire is to multiply by 1000 the value of the money invested. I find it very complicated to invest like this. I prefer to distribute my portifolio in the rule 40% / 30% / 20% / 10%

Where 40% is for large and respected projects with great liquidity.
30% for investments in future technologies that I believe, but are restricted
20% for popular social networking projects that may eventually receive a pump. And when that happens I sell.
10% for risky projects, low market cap
1973  Alternate cryptocurrencies / Altcoin Discussion / Re: OFFICIAL: COINBASE/GDAX to list ERC20 tokens soon on: March 26, 2018, 08:35:22 PM
This is one of the most important news of the last time. It means that eventually, the average American will have direct and quick access to these new crypto-coins. It's a gigantic market that will probably catapult the value of these tokens.
1974  Bitcoin / Press / [2018-03-26]Twitter Joins Facebook, Google in Banning Crypto Coin Sale Ads on: March 26, 2018, 05:36:23 PM
Twitter Inc. is joining Facebook and Google in banning advertisements for initial coin offerings and token sales on its social-media platform.

“Advertisement of Initial Coin Offerings (ICOs) and token sales will be prohibited globally,” a Twitter spokesperson said in an emailed statement Monday. “We know that this type of content is often associated with deception and fraud, both organic and paid, and are proactively implementing a number of signals to prevent these types of accounts from engaging with others in a deceptive manner.”

https://www.bloomberg.com/news/articles/2018-03-26/twitter-joins-facebook-google-in-banning-crypto-coin-sale-ads?utm_medium=social&utm_content=crypto&utm_source=twitter&utm_campaign=socialflow-organic
1975  Bitcoin / Press / Re: [2018-03-25] Malta Wants to Become The Blockchain Island With largest exchange on: March 26, 2018, 05:39:42 AM
Then the start was given to know which country will be the capital of the cryptocurrencys. And, consequently, one of the richest in the future. I hope that countries that begin the process of acceptance of this revolutionary technology will not be limited to traditional tax havens. We need robust countries that can offer more than fragile tax legislation. Bitcoin needs to be accepted because it is technologically superior.
1976  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Can Cardano(ADA) get to $3 by End of Q1 on: March 26, 2018, 05:34:28 AM
I was looking at the roadmap. It seems to me that there are still at least three months left for the revolutionary changes to be concluded. Today is just a coin. But soon with the inclusion of smarts contracts, with the recombination for the stackholders and with the decentralization, I can not imagine anything below 3 dollars and be top3.
1977  Economy / Speculation / Re: BETI: Bitcoin Exponential Trend Index and technical analysis on: March 26, 2018, 05:28:13 AM
Result: 10161
Bitfinex: 8439

I believe the trend is low. Even with BET at a much higher value. Low volume and market uncertainties are high. I was imagining that the Asian market would wake up pulling the value further down breaking the 7k.
1978  Local / Brasil / Reportagem completa do fantástico on: March 26, 2018, 02:29:54 AM
http://g1.globo.com/fantastico/noticia/2018/03/bitcoin-moeda-virtual-criptomoeda-entenda-revolucao-do-setor-financeiro.html
1979  Economy / Economics / Re: Forex is investment is a country on: March 26, 2018, 12:00:57 AM
Forex trading is the indicator on financial system worldwide. USDollar/EURO/GBP/Gold/Silver are the pillars of trading and business worldwide. When you buy, for example US dollar, you show your confidence in US economy. Gold and Silver is universally accepted investment which protects people's wealth during wars, inflation etc.. So investing in forex is investing in a country and not in a company. In stock markets, you invest in a company and 150 of Fortune 500 companies have closed down since year 2006.

Bitcoin future does not look good since it is decentralized and it is trying to eliminate world's most powerful currencies

What you see as problem or difficulty, I see as higher quality. You are saying that the decentralization of Cryptocurrency would be a problem since investing in it means trusting nobody. Contrary to investing in the dollar where you trust in the US government and to invest in stocks where you trust in the companies.

Investing in BTC means: code is the law. Yes, simple as that. Do not trust anyone, verify.

We are moving into an era where you can be an individual who does not depend on the big institutions and government for everything.
1980  Bitcoin / Press / Re: [2018-03-23]Physical Bitcoin Debit Cards Are Coming Back to Europe on: March 25, 2018, 09:40:35 PM
 This reliance on Visa and Mastercard is a horrible thing. It is already time for the criptocurrency to disrupt this duopoly. We need to decrease the number of middlemen between who wants to buy and who wants to sell. Credit can possibly be an option offered within a blockchain. We do not need these companies that charge so dearly for services like this and prevent other companies from competing in this industry.
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