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1  Alternate cryptocurrencies / Altcoin Discussion / Re: How do you choose which altcoin will you buy? on: November 12, 2019, 11:15:35 AM
Hello

Recently I started looking into new projects as I have some free time and I'm wondering what do you guys look at when you are deciding which altcoin to buy and hold.

Do you know any projects that you believe has a bright future?

I hear a lot of people complaining that they bought coins that were either dead in a few weeks or the project was pointless. I would like to avoid such situations.

Thank you in advance.

I don't, I think that if someone wants to invest - BTC is the way to go. Altcoins are all moved up or down depending on what BTC does, and any change on their own is only a temporary buff that quickly sees a correction. They can be used by traders, but for investors, I think BTC is the best option.
2  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is the market currently being manipulated? on: November 12, 2019, 11:12:54 AM
It is probably the safest to assume that market is always being manipulated. With the exchanges, and whales, and centralized projects that are trying to act like real cryptos, it's a mess out there.
3  Alternate cryptocurrencies / Speculation (Altcoins) / Re: So many altcoins on: November 12, 2019, 11:10:53 AM
I risk creating a duplicate question. But I'll try.

A huge number of crypto assets are discussed here. In the neighboring sections, new projects appear every day. But these are all false, far-fetched and almost always unsuccessful undertakings. New “projects” absorb the incoming money flow, which does not benefit the industry, but enriches individuals.
All this created for some cunning rogue?

Yes, some projects look interesting and potentially. I like the idea of ​​global currencies for various use and applications. W/o traditional money. W/o state control.
Is it not better to leave the opportunity to develop what is, than to continue to spray funds on scoundrels?

I do not know how this works and is managed. If all this is basically without control, then the future of the cryptocurrency world looks vague. However, this is interesting, because in addition to the expected collapse, there may be unexpected surprises.

Most of these new altcoins are so unnecessary that it is ridiculous. I have seen ICOs that no one would have bothered to even talk about, much less create, if the crypto wasn't so popular as a way of earning money from gullible investors these days. CoinMarketCap has almost 5k coins listed these days, which is twice as many as there were a year ago. You are perfectly correct, it is way to many, with unoriginal ideas, bad tech, and no use cases for most of them. However, I do believe that like 99% of them will fail in the next few years. The only question is will the new ones replace them? Will altcoins just keep popping up, pumping the number higher and higher, or if we can finally drop back to some normal number of good quality projects?
4  Bitcoin / Bitcoin Discussion / Re: Permission to Use Bitcoin Logo on: November 12, 2019, 11:03:24 AM
I’ve tweeted @bitcoin for permission to use their bitcoin logo on a t-shirt. Waiting on a reply. If perhaps it was missed or something. Is there any other way to request permission from bitcoin.org?

To be perfectly honest, it did not even cross my mind that one would have to get permission for using the BTC logo. I never did use it, but if I did, I don't expect I would have thought of that. Good job, though.
5  Bitcoin / Bitcoin Discussion / Re: Is it advisable to use cryptocurrency to support my favorite content creators? on: November 12, 2019, 10:54:36 AM
I’ve been noticing that services such as Patreon have been booting off some content creators that have “violated” their terms and services. I was just wondering whether it would be possible to support my favorite content creators using cryptocurrency donations to their websites if they allow it?


Sure, if they know about crypto and are willing to accept it, definitely. I know of some people who are aware of it but do not really want to meddle with it too much. If they learned more about it (incentivized by donations, maybe?) they could even help spread awareness. It is not a requirement, of course, but every little bit helps, and each new person that gets into crypto is another step in the right direction.
6  Alternate cryptocurrencies / Altcoin Discussion / Re: Turkey working on their own digital by end of 2020 on: November 11, 2019, 07:34:19 AM
After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also  joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?

These might be called cryptocurrencies, but they won't be real cryptos. Countries won't launch coins that they cannot control. We have already seen many times what cryptos launched by governments and major companies look like. Venezuela's Petro is one example. Facebook's Libra (while not launched yet) is another. China would rather shoot itself in the foot than release a real crypto, otherwise they would have just accepted BTC. These will be centralized coins controlled by governments and companies, nothing more.
7  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin down on: November 11, 2019, 07:30:46 AM
Bitcoin is back down to $ 7500 and altcoin is also following Bitcoin, is this to buy BTC when it is going down badly or waiting for the price of $ 7,000,

Obviously, things have changed since this post got published, but the time for buying depends on your intentions. If you mean to hold it for a few years, any time is good for investing. If you want to trade, then there are trading techniques that can help you make a profit with greater certainty of success.
8  Bitcoin / Bitcoin Discussion / Re: I've come full circle, BTC is the only worthwhile cryptocurrency on: November 11, 2019, 07:28:25 AM
After 4+ years in the space and countless hours of research, it is becoming increasingly apparent that BTC is the only worthwhile project.  Also by the thread title, you can probably tell its not my first rodeo.

Some of my strongest reasoning is specified below, it is by no means comprehensive.  While I may have typed the below with conviction, I am openminded to other views (my wallet compels me so) - please put forth your opposing views.

  • PoW is the only true Byzantine Fault Tolerant consensus mechanism.  PoS is not BFT at this point in time and I do not see how it gets there.  At the end of the day, under PoS and the many other consensus mechanisms, one needs to trust a third party to relay them the correct data and that is assuming that one can be certain that the delegated node holds the majority of the voting power – this is not trustless and re-introduces third parties.  With PoW, I can verify the hashes and the longest chain is the correct one.

  • Bitcoin as a base layer focuses on censorship resistance, immutability, security and decentralisation.  Second layer solutions (scalability/escrow) can be built on top.  Claims by other ‘cryptocurrencies’ to be ‘better than bitcoin’ are ignoring trade-offs involving BTC’s key features.  Any appreciable increase in throughput will reduce security, decentralisation, immutability and censorship resistance.

  • There cannot be a ‘next Bitcoin’ and the paradox of replacing a store-of-value (SoV) applies.  Any successful replacement of BTC will forever undermine the credibility of any successor.  We are instead made to forever question the replacement of a SOV.  How is an investor to know it won’t happen again?.  Any other attempt at digital money ‘fails by succeeding’, it fails the eco-system by replacing Bitcoin and ultimately fails itself.  By way of example, Gold is the precious metal SOV of choice, most governments/institutions warehouse little or no silver.  If silver supplants gold as a SOV, then I’m all out of precious metals because one cannot trust silver will maintain its SOV dominance.

  • Medium of exchange(MoE) aside, I can’t think of another legitimate use case for ‘decentralisation’.  At a stretch illegal marketplaces may benefit from decentralisation given the risk of censorship or seizure of assets.  All these other uses cases like smart cities, record keeping, supply chain, fundraising etc are far better managed through centralised databases where it is not unacceptable for the user/operator to bear some of the risks cumbersome decentralised platforms seek to eliminate.

  • If (and it’s a big if) smart-contract enabled platforms finds widespread commercial use, the ‘utility’ basis for value for many of these smart-contract enabled platforms acts as a ceiling to price.  An increase in fees to use the network will result in competitor chains becoming more attractive.

  • For smart-contract enabled platforms, infrastructure limitations decrease the ability of users to run fully validating nodes (compared to a cryptocurrency targeting a MoE use only).


At this point, I mostly agree. In the future, who knows? Things might still change, more coins might decouple from BTC, and some projects might even overshadow it. I'm not saying that it will happen, but it might happen, so yeah, we'll see.
9  Bitcoin / Bitcoin Discussion / Re: Why only 6.2 percent of American citizens own Bitcoin? on: November 11, 2019, 07:24:08 AM
According to this article , only 6.2% of a highly developed country like the US of America own Bitcoin , which seems unreasonable among the crypto community who rely on the Americans for Bitcoin to be mass adopted quite fast around the world. Here is the link of the news:
 https://www.tronweekly.com/bitcoin-advisory-founder-shares-research-that-shows-6-2-percent-of-american-citizens-own-bitcoin/

It is still a bit complicated for newcomers to figure it out easily, there are no regulations, Trump himself bashed it, thus becoming the first US President to even acknowledge the existence of cryptocurrencies... Not to mention that, for all the use cases BTC already has, it's still not enough for mass adoption. Things will change over time, but we need to be patient and tenacious.
10  Bitcoin / Bitcoin Discussion / Re: Do you think that cryptos such as Bitcoin would be mainstream? on: November 11, 2019, 07:21:17 AM
I was just wondering if one day it would be possible for cryptos such as Bitcoin (BTC) OR Ethereum (ETC) to become mainstream one day for people to use for day to day transactions on a daily basis. Because I heard that the people in Zimbabwe with their economic difficulties use cryptocurrencies as a means of trade.

Would the world adopt cryptocurrency as a means of transaction, what do you guys think?


I would say that that is a certainty at this point. The adoption and expansion of cryptocurrencies around the world has been on a constant rise for years now. It advances slowly, but it advances. New regulations are coming out all the time in various countries, and more and more merchants are getting encouraged to start accepting crypto. There are still some technical problems to deal with, such as scalability, as well as the volatility of crypto prices, but yeah, give it 5-10 more years, and I think you would be able to use BTC or some other coin to pay for most stuff online, as well as for most stuff in general, in some of the most crypto-friendly countries. It might take longer for technologically-underdeveloped countries, or anti-crypto regions, but that all remains to be seen.
11  Bitcoin / Bitcoin Discussion / Re: Did Satoshi think that quantum computers will exist? on: November 09, 2019, 08:40:17 AM
He probably had them in mind, at least as a possibility. He's likely the only one who can answer with any certainty, but I think that he must have had them in mind, since he's clearly well-educated and thoughtful.
12  Bitcoin / Bitcoin Discussion / Re: Business ideas with 60 Bitcoin? What would you do? on: November 09, 2019, 08:37:18 AM
If someone has 60 BTC can he start a decent crypto business to make passive income? Please share some business ideas.
What would you prefer? Casino/Sportsbetting/Wallet/Exchange and which has the highest earning potential?
Provided i have funds - 60BTC and no knowledge regarding business and i am not a designer but i want to start my own crypto business. Where can i start? Where can i find and hire team for myself like designers/developers etc to start my business? I know good team can help the business grow but bad team can ruin everything so what are the things to look for before starting a business? Where to get the business partners with good ideas and genuine team? Where would you start from if you are in my situation. Please share your opinions in this thread  Smiley

I would always invest into property, rather than some business. Businesses fail, land or property does not. It's a good way to secure a future, as you never know what might happen to a business, or even to a currency, for that matter.
13  Alternate cryptocurrencies / Altcoin Discussion / Re: You can share your own opinion if you have. on: November 09, 2019, 08:32:39 AM
Firstly thanks to all for reading my topic.

Who has had more success in this crypto market?
1. Traders
2. Investors
You you have any skills? From which you have made enough profit or How much amount you loss??
Welcome to share your skills.

I don't expect anyone will be able to give a definitive answer to that. Both investors and traders make a profit in their own way, and can't really be compared in the same way two traders or two investors could be compared to one another. Sure, an investor can make a few thousand $ by holding a coin for a year. However, a capable trader will make the same amount, only in portions, instead of hodling.
14  Economy / Economics / Re: Malaysia to Limit Cash Transactions in 2020 on: November 09, 2019, 07:27:22 AM
Well that's hardly going to help. Criminals will find a way, as they always do, and regular people and business owners are going to suffer because of it. It might be good for crypto, but that remains to be seen.
15  Alternate cryptocurrencies / Altcoin Discussion / Re: Is crypto-powered social network a trend? on: November 08, 2019, 10:56:17 AM
I noticed that there are quite a number of crypto-powered social media popping out in recent years. I believe the most successful one is Steemit, which most of us can agreed on. There are also other social network platforms like Appics, Uhive and etc. I am curious to know if anyone of you is willing to switch from the daily social network app like Facebook, Twitter and Instagram to crypto-powered social network. And if you could, do share your reasons for doing so.

I think that they may be underdeveloped still, I have an account on Steemit, but I only made a couple of posts before I gave up on it. The experience felt relatively limited. They might be a thing in the future, but for now, I don't think I would switch completely.
16  Bitcoin / Bitcoin Discussion / Re: ‘Blockchain Island’ Thriving: Malta Set to Lead European Growth in 2020 on: November 08, 2019, 10:25:29 AM
Sounds to me like everybody wins. Companies have a regulatory-friendly environment, Malta is advancing economically, and the crypto industry has a place where it can freely develop and evolve. Good job Malta, way to set up an example for others to follow.
17  Economy / Exchanges / Re: Sad news - Coinbase is leaking your information on: November 08, 2019, 10:20:27 AM
Coinbase is sharing information about your account with third parties, which may include information such as: how often you open the app, which devices you open it from, and what the IP address of those devices is. Absolutely unacceptable behavior.

Source: NY times https://www.nytimes.com/2019/11/04/business/secret-consumer-score-access.html

Not surprising, most companies do that. It is well known that even some VPNs, which are all about security, might sell your information to advertisers or the government. Especially free ones. Coinbase is primarily a company looking to make a profit, so they will sell whatever they can. Besides, i think that the SEC does require exchanges to provide information about their traders? That way, the authorities know how much you owe in taxes, right? So, with information about your financial situation being at their disposal, why wouldn't they also ask for your metadata and alike? The more info they gather on you, the better for them.
18  Bitcoin / Bitcoin Discussion / Re: How BIG will the crypto market be if China legit cryptos? on: November 08, 2019, 10:16:11 AM
Billion? Trillion?Quadrillion?

Who can tell? Many in China still invest and trade thanks to VPN and foreign exchanges. If cryptos get legalized, the market would definitely skyrocket, but there is no way of telling how much it might grow. It would be interesting to see, but it is unlikely to actually happen. If China allows the use of cryptocurrency, it will be the use of its own cryptocurrency.
19  Bitcoin / Bitcoin Discussion / Re: Bitcoin 2017 Price Rise was a Scam by Bitfinex using Tether(Fraud) on: November 08, 2019, 10:13:29 AM
Bitcoin 2017 Price Rise was a Scam by Bitfinex using Tether(Fraud, fractional reserve digital currency)
https://cointelegraph.com/news/one-whale-was-behind-bitcoins-2017-bull-run-claim-researchers

Quote
Researchers have escalated their claims about market manipulation in winter 2017, now claiming that a single whale was responsible for Bitcoin’s historic price surge. The development was reported by Bloomberg on Nov. 4.

John M. Griffin and Amin Shams — of the universities of Texas and Ohio respectively — have updated their previous research, which made the case that market misconduct was allegedly behind Bitcoin’s bull run to an all-time high of $20,000 in December 2017.
“Clairvoyant market timing” or manipulation

Griffin and Sham’s analysis, first published in a research paper in June 2018, had argued that transaction patterns on the blockchain suggested Tether had been used to provide price support and manipulate the Bitcoin market:

Here is the real news, there was no real adoption, and their is still not, just a lot of market manipulations from Bitfinex.
Which is why the markets keep dropping and dead cat bouncing.

Once the class action lawsuit destroys the tether scam, expect the same scammers to sell out of all tether and other cryptos
before the verdict crashing the markets to lows not seen in 5 years.
https://thenextweb.com/hardfork/2019/10/08/class-action-lawsuit-alleges-bitfinex-tether-cost-cryptocurrency-market-1-4t/
* Part of the reason so many exchanges are closing up shop, they all know the real collapse is coming. *

Good Day and Good Luck.

First, I don't think that it was a scam. Second, even if it was, it definitely raised awareness, which is good in the long run. Unfortunately, a lot of people lost a lot of money, and that is a shame. I'm not saying that scams are good, regardless of the result. However, if there is a silver lining to the event, it's that more people had learned about BTC because of it, that it all.
20  Bitcoin / Bitcoin Discussion / Re: A world of opportunities for freelancers on: November 07, 2019, 07:51:58 AM
bitcoin is being used in so many places throughout the world but it can be so much more. It's obvious that there are so many freelancers in every country. Firms, companies, startups etc.. have a limitation that they can hire freelancers only from their country since they can pay them only in their native currency to avoid hassle of exchange. But if firms, companies, startups etc.. start using bitcoin as a payment method to hire freelancers then there will be so many opportunities for the freelancers since they can get work from anywhere in the world. I don't know why has  this not become a huge thing until now. This could really change the life of freelancers and give a better end result/product to the company they are working for.

I agree, freelancers could benefit massively from accepting BTC payments. I think that we will come to that someday, only the progression is slow. Many are already looking for Bitcoin-paying freelance jobs, although there is probably also a lack of clients who are willing to pay in crypto.
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