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341  Bitcoin / Bitcoin Discussion / Re: How does the adoption of China affects the crypto market and blockchain industry on: November 04, 2019, 12:14:48 PM
A week ago, President Xi of China has urged the Chinese to seize opportunities in the crypto market and blockchain industry. The announcement caught the market by surprise and drive the price of Bitcoin up until $10, 000. I personally believe that with the participation of Chinese, it is undoubtedly that the adoption rate would be greatly increased. But, wouldn't it subject the Chinese projects to be under the influence of Communist Party of China? What are your thoughts on this one?

Reference:
(i) https://www.coindesk.com/president-xi-says-china-should-seize-opportunity-to-adopt-blockchain
(ii) https://cointelegraph.com/news/breaking-chinas-xi-jinping-urges-accelerated-blockchain-technology-adoption
(iii) https://cryptoslate.com/crypto-community-divided-over-chinas-blockchain-law/
If I'm not mistaken, don't the chinese control most of Bitcoin anyway? I though they controlled a majority of the mining operations, no? Either way, more adoption seems to help the market prices. I feel like the more adoption that takes place, the higher the volume, the better chance we have at staying at the current market price or elevating it.
342  Alternate cryptocurrencies / Altcoin Discussion / Re: Is crypto-powered social network a trend? on: November 04, 2019, 11:45:15 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.
Steemit is really good, if people happen to like you articles, you can get paid for having posted them. There is also another social network for posts called Publish0x that is similar to steemit. Medium is my favorite but I don't think that they pay with cryptocurrency for publishing your material.
343  Bitcoin / Press / Re: [2019-10-22] Bitcoin Sidechains To Send Altcoins Prices to ZERO? on: November 03, 2019, 11:36:50 PM





Tomorrow (a few hours from now), it will have been exactly five years since the original white paper on Bitcoin sidechains (PDF) was released. The basic idea explained in the paper was that Bitcoin users would be allowed to move their coins between multiple, completely different blockchains that could enable a wide range of new cryptocurrency features.

The end result of this functionality would theoretically be an end to the many altcoins that existed on the market at the time, as there would no longer be a legitimate reason to create a new cryptocurrency in an effort to experiment with new features. Instead, new features that were sufficiently complex could come to Bitcoin by way of sidechains.

Today, sidechains do exist, but they come with trade-offs in the areas of centralization and censorship resistance – at least for now. At the recent Transylvania Crypto Conference, a panel of experts on the topic, including Blockstream CEO and sidechains white paper co-author Adam Back, discussed the current state and future potential of sidechains for Bitcoin.


The source is here for more reading...





The claim is that Bitcoin Sidechains can eventually make all altcoins lose value and purpose as this functionally can easily adopt all the features that altcoins may have rendering them, in essence, very worthless and inutile. "...new features that were sufficiently complex could come to Bitcoin by way of sidechains."


Now, whether this claim can happen or not depends a lot if Sidechains can be implemented soon and if the market will be reacting in the way it is expected.

Do you think that Sidechains has this potential or maybe the guys behind this proposition is just imagining things? Please share here what you may know about this Sidechains...






Sounds like a lot of fear, uncertainty and doubt here based upon a bunch of what-if scenarios. Who is to say that by the time that they finally figure out a way to implement this feature Bitcoin will still be ahead of all the other altcoins?
    What happens when Blockchain generation 4.0 comes with some crazy new innovative consensus algorithm that makes it a Bitcoin killer? It's all speculation. Kind of like when Einstein wrote down the mathematical formula that described L.A.S.E.R's, but a laser wasn't actual built until decades later.
   Or that time he invented Paper towels!
344  Other / Politics & Society / Re: Democrats winning the impeachment inquiry is a worrying sign for Trump. on: November 03, 2019, 10:04:11 PM
I’m bit surprised as no one choose to post on this topic, considering how divided American legislators were when they decided to vote in yesterday’s impeachment inquiry against President Donald Trump. Once the results became clear Trump tweeted that his impeachment was the greatest witch hunt in US history, and I have to agree with him.

It’s clear Democrats have no leader left that can challenge Trump in the 2020 elections, and the only way they’ll ever win is to impeach him which is really sad.

In my personal opinion Trump should not be impeached as he’s taken decisions which past US presidents couldn’t take, e.g. got China to agree to a new trade deal.

What do you’ll think about this impeachment inquiry, will democrats find a way to impeach him or will he spring another miracle and be able to complete his term?.

Sources:

https://www.bbc.com/news/world-us-canada-50246324

https://www.reuters.com/article/us-usa-trump-impeachment/trump-impeachment-effort-passes-first-test-in-divided-us-congress-idUSKBN1XA18X

https://www.theguardian.com/us-news/2019/oct/31/trump-says-us-china-trade-deal-is-close-but-market-nose-dives

https://mobile.twitter.com/realdonaldtrump/status/1189927952168996865




What I don't understand is, why not let the man finish out his term? I mean, there is exactly a year left till it's time to vote again. Is he really so savage that they need him out of there A.S.A.P? Never really understood politics myself, but it seems like society is becoming extremely more feminine in nature.
    All I see is whiners and complainers every day on the news, I know he's not the best president but damn, the lynch mob is really out for blood this time.
345  Bitcoin / Bitcoin Discussion / Re: Another day, another Faketoshi on: November 03, 2019, 08:57:31 PM
Oh my freaking god, not another one!  Angry This is such bullshit, why do these opportunist clowns keep showing up, coming out of the woodwork's to claim they're Satoshi, something they clearly have no proof of? First Craig Wright, then that goofy indian guy, now Siegfried & Roy?
346  Bitcoin / Bitcoin Discussion / Re: There is a Race For an Internet-Native Currency, and Bitcoin is Leading It. on: November 03, 2019, 06:34:49 PM
I agree, Bitcoin has come quite a long way, from a hovering above a few cents, to mooning and being worth almost $20,000 in less than 10 years from its original conception. I think Bitcoin receives the most support for now with Ethereum leading second in up to date development. However, I'm not sure how far Bitcoin will go, will they continue to update the source code when proof of work becomes completely obsolete? Will Bitcoin instead migrate to a different consensus algorithm, if it's even possible?
347  Bitcoin / Bitcoin Discussion / Re: Do you know any online bitcoin wallet that gives you a debit card? on: November 03, 2019, 04:39:59 PM
Hello, years ago I think I watched on Youtube a video of an Enterprise that give you a debit card to withdraw cash and pay online service in internet. Similar like Payoneer but in this case you can withdraw your money with your bitcoins funds.
Is there any service that works now in 3rd world countries? (I am in South america) Many thanks!
Sure, there are a lot of Crypto-currency related platforms that offer debit cards whether it be a virtual card or a physical one. Cryptopay offers Bitcoin wallets as well as prepaid cards. https://cryptopay.me/
Convert BTC into USD, EUR or GBP, send bitcoins to friends, withdraw at ATMs and shop anywhere with cards. Also WirexApp, The Wirex Visa card automatically converts more than 12 digital currencies and traditional currencies at the point of sale, letting you seamlessly spend your crypto and multiple currencies in real life, anywhere Visa is accepted.  https://wirexapp.com/global
 
  I haven't used any of these sites personally so be careful and remember to practice your due diligence by researching about these companies before signing up.
348  Bitcoin / Bitcoin Discussion / Re: What are the advantages and disadvantages of BTC/LN and BSV? on: November 03, 2019, 03:56:19 PM
   Normal "Bitcoin" (BTC) wasn't scalable and was handling 7 transactions per second with around roughly 10 minutes per transaction confirmation. "Bitcoin" (BTC) itself can't be used as a medium of exchange because it was slow and very expensive for small payments. The "Lighting Network" is a set of rules built on top of "Bitcoin" Blockchain and was first introduced in 2015. It's designed to handle micro transactions. "Bitcoin" is considered a layer 1 protocol and "Bitcoin LN" (lighting Network) is considered a layer 2 protocol. The premise is small transaction needn't be recorded on "Bitcoin's" Blockchain, instead off chain. Bitcoin LN uses payment channels for off chain transactions

   "Bitcoin Cash" is a "hard-fork" of "Bitcoin". A "Fork" is an alternative version of a coin resulting from a split in the network. A "soft-fork" is compatible with the original version of the coin, while a "hard-fork" is incompatible with the original version. "Bitcoin Cash" has bigger block sizes (32mb), and has an adjusted mining difficulty and doesn't support Segwit or Lighting Network.
 
 "Bitcoin SV" stands for "Satoshi's Vision", and is a hard-fork of "Bitcoin Cash".    "Bitcoin Cash" (BCH) & "Bitcoin SV" (BSV) or (BCHABC) & (BCHSV) are the exact same thing (just abbreviation changes).

349  Bitcoin / Bitcoin Discussion / Re: BTC Sending to Gambling Site Address Question? on: November 02, 2019, 10:42:43 PM
Hey all got a question.  I know you should not be sending directly from sites like coinbase directly to gambling site because coinbase can close your account.  I read this happened to many people.



Now one question i have about this.  There is one gambling site that i use.  I have sent btc to deposit and withdraw with btc with that same btc address.  Now i have a friend who i sometimes sell btc to and then he would send me bank transfer.  He would need the btc so he can deposit it into gambling site.  So what i do is then send it to his btc address.  Then he send it to gambling site.  I know what site he uses because i recommended it to him a while back when he wanted to know what site is good.  This is with btc gambling site number 1 lets call it.  He told me his coinbase account got closed not long ago... reason is pretty obvious, it was most likely because he sent directly from coinbase to that gambling site without it going through an intermediary like blockchain or electrum.



He wants me to send him btc again as he would transfer me money via money transfer.  He then gave me the btc address he wants me to send to which is directly that gambling site's btc address.  This is another gambling site but I have an account on that site as well.  Lets call that gambling site number 2.  Then i thought... well i also have an account at that same gambling site.  This was also the same with the other gambling site number 1 he use to send btc to but i would send from my wallet to his coinbase and then he send directly to that gambling site.




But in this situation, would me sending btc directly to the btc address that gambling site wants him to deposit btc into be an issue because



1.  They see the btc is coming directly from my btc address as a deposit and I deposited btc many times with this btc address?  I know btc transactions are not anonymous.  So it might look like i have multiple accounts because of this reason?  The guy likes to bet on sports which is why i would sell him btc for bank transfer many times.


Or this should not be an issue at all?


Or its best if i send the btc to another one of his btc address?  He did tell me he has an exodus btc address.  So better safe to send btc to his exodus btc address... then he send to that gambling site right?









Extracted from Coinbase user agreement

APPENDIX 1: Prohibited Use, Prohibited Businesses and Conditional Use

Gambling: Lotteries; bidding fee auctions; sports forecasting or odds making; fantasy sports leagues with cash prizes; internet gaming; contests; sweepstakes; games of chance


I would be extremely careful, a google search for Coinbase & gambling will show you Coinbase has technology that tracks a number of hops (addresses) and have shut down a countless number of accounts for Betting and gambling. Be extremely careful. They could ban your account with ease just off suspicion.

Coinbase user agreement source: https://www.coinbase.com/legal/user_agreement
350  Alternate cryptocurrencies / Altcoin Discussion / Re: Is BAT the DOGE killer? on: November 02, 2019, 04:13:05 PM

Basic attention token also allows to tip content creators. But it offers much more than Dogecoin (e.g. a new advertising system).

What do you guys think? Can DOGE and BAT coexist (e.g. due to different user groups) or will BAT make DOGE obsolete?

I don't think that BAT will make DOGE obsolete in any way. DOGE started out as a meme for a picture of a Shiba Inu dog, which is an ancient Japanese breed. It's a meme similar to PEPE that went viral and gained popularity pretty fast. DOGE coins motto was "TO THE MOON". BAT on the other hand is a utility token rewarded to users of the Brave browser (a privacy centric browser) for consensual viewing of opt-in adverts. DOGE and BAT can and will Co-exist. Nothing should hinder either except for a loss of interest from their ongoing communities and speculators of their particular cryptocurrencies!
351  Bitcoin / Bitcoin Discussion / Re: difference between market cap and daily volume on: November 02, 2019, 03:47:02 PM
When I check on google,

The market cap is the total USD value of bitcoin in circulation.

the volume is the total volume of buys and sells,

But the 24 volume isn't same as the market cap, what's the difference ?

Market cap is the exchanges between wallets and daily volume is only people buying and selling that's it ?

So doing transaction between 2 wallets does not mean you're buying and selling bitcoin that's it ?


Hello, If I'm not mistaken the "Marketcap" is equal to the total dollar market value amount of money flowing within the market from all the major exchanges.

So for example: We will utilize the most popular Market index website https://www.coinmarketcap.com/

 The market cap for BTC: Bitcoin is currently $168,032,255,473. This is the estimated total number value of dollars flowing from every where Bitcoin is major;y traded. The volume would be the amount of money following at any given time, so for arguments sake, the 24hr volume of cryptocurrency on Coinmarketcap would be $22,633,187,704. This number represents 1 whole day or 24-hrs of continuous influx of capital (money) flowing within the market at that specific time period.

Conclusion: $168,032,255,473 = Total amount of money ever/ $22,633,187,704 = how much money entered and exited for the day (24-hrs).

Check out this site here: it is just about all a trader needs for glossary index definitions of terms regarding investing! It really should be called DUE-DILIGENCE .COM

https://ww.investopedia.com/
352  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What is happening with ETHEREUM Now? on: November 01, 2019, 11:59:37 PM
I want to know the opinion of all crypto friends in this forum about Ethereum, because the price of Ethereum is currently unable to rise beyond the $ 300 figure. Ethereum prices are only between $ 150 - $ 250. and this incident makes me wonder, why did this happen to Ethereum ??
I think that Ethereum is going through a great transformation right now. Ethreum is undergoing a strategic process that will allow proof of stake as well as increased block size and a speed increase by several folds, there has been a proposal of speeds up to 128k. There has been several forks up to now so the final product well take some time. Ethereum has cross-linked the Sharding process. I wonder why Ethereum 2.0 didn't go with a delegated proof of stake model instead, being that Ethereum is considered to be blockchain generation 2.0, so why not adopt a blockchain generation 3.0 consensus?

353  Bitcoin / Bitcoin Discussion / Re: Faketoshi 2 - Tabula Rasa Video on: November 01, 2019, 10:04:51 PM
FAILTOSHI

100% Failtoshi  Grin

What in the blue hell was this guy thinking? in the interview he looks like he's high as a kite, I want to know what kind of drugs is this guy on? No way in hell is he the real Satoshi, you'd have a better time convincing me that Dorian Nakamoto is the real Satoshi. Didn't sir Dorian say he's no longer involved with that ( referring to blockchain & Bitcoin)? Dorian Nakamoto said he was a defense contractor who worked on cruise missiles or something, sounds like a real life "Tony Stark" if you ask me!
  
  https://www.youtube.com/watch?v=riBkRp2cjBc



He reminds me on Dr.Evil from one comedy movie called Austin Powers.
I find all his videos hilarious and a big joke

Here is his new 3rd 'comeback' video:
https://www.youtube.com/watch?v=YFuSGzLkw90

*Not possible to like/dislike his videos, and comments are censured
 I was young when those movies came out but I remember them like it was yesterday. "Mike Myers" should have won an Oscar for playing all those different character roles in the Austin Powers series. Some memorable quotes " Breath taking, I shall call him, mini me (played by: Verne Troyer)! Come Mr. Biggles-worth". Cheesy Or my favorite part of the movies were when the women all had sexualized names like Alotta Fagina, Ivana humpalot, and the two japanese chicks, Fook me & fook yu. Or fat bastard, the Scotsman, "get in my bell lay".
354  Bitcoin / Bitcoin Discussion / Re: Faketoshi 2 - Tabula Rasa Video on: November 01, 2019, 08:08:49 PM
Some of you maybe remember this Faketoshi guy Bilal Khalid who claims he is Satoshi Nakamoto.
He has been exposed but still he is moving with his 'project' and just released his first video interview.

His website: satoshinrh.com

Maybe he can team up with his twin brother Craig Faketoshi Wrong, and they would make a perfect team




source:
https://www.youtube.com/watch?v=5VcnJsRZlB0&feature=youtu.be
What in the blue hell was this guy thinking? in the interview he looks like he's high as a kite, I want to know what kind of drugs is this guy on? No way in hell is he the real Satoshi, you'd have a better time convincing me that Dorian Nakamoto is the real Satoshi. Didn't sir Dorian say he's no longer involved with that ( referring to blockchain & Bitcoin)? Dorian Nakamoto said he was a defense contractor who worked on cruise missiles or something, sounds like a real life "Tony Stark" if you ask me!
 
  https://www.youtube.com/watch?v=riBkRp2cjBc
355  Alternate cryptocurrencies / Altcoin Discussion / Re: Arrgh! Libra here and There on: November 01, 2019, 07:24:12 PM
Why are people not getting it?its kinda annoying hearing from people that Facebook Libra coin will take over.

The first question I would like to ask such people is why are they investing in crypto?majority of us on here wants to make profits apart from supporting the technology and that clears the fact that I'm only investing in bitcoin and altcoins because they aren't stable.

People aren't getting it that if bitcoin becomes a stable currency today many investors will start using bitcoin just like they are using tether but what about those high gain?sorry guys investing 2000$ in stable coins will remains at 1999$-2000$ forever.

Either bitcoin and altcoins bring loss or gains that's what makes them more interesting,Libra is a stable coin,no more no less and no matter how good it turns out to be its not an option for investment to me,I don't know about you guys.

If Libra gets on exchanges I like using like binance yes I would gladly use it to back my crypto Worth's just like using tether or usdc,nothing more or less.

Enough of libraphobia.

I really don't think that people here get it. So what if Facebook's Libra project is a centralized cryptocurrency platform? Do you know how much promotion this scene and community will receive once Libra project is backed by congress and given the green light to go? If you think there was a lot of capitol here within the markets now, imagine once Libra is introduced to every Tom, Dick, and Harry around the world? People will dabble into other cryptocurrencies guaranteed. I'm sure the market caps would probably soar! There will be so much capitol flowing in from all the new comers, it makes adoption almost inevitable.
    The majority of the people I know use some form of social media, most don't touch Bitcoin period, but If Facebook is backing it, everyone from children, to grandparents will be using crypto, just because everybody else is doing it. Humans tend to have a "monkey see, monkey do" mentality when it comes to social behaviors.
356  Bitcoin / Bitcoin Discussion / Re: A rising number of Americans own crypto and nearly 13 million women says study.. on: November 01, 2019, 06:09:05 PM


Americans who own a cryptocurrency has almost doubled from 7.95% in 2018 to 14.4% in 2019, an increase of 81% in one year,
according to a new survey. That means roughly 36.5 million Americans own some form of crypto.
https://www.finder.com/how-many-people-own-cryptocurrency

In addition, the survey by Finder said,
Quote
While an increase of people with a cryptocurrency is positive for the industry,
the vast majority of Americans are not investing in digital currencies.

Since US regulations make it more difficult for citizens to participate in crypto investments the growth shows an underlying interest.
If regulations loosen up in the coming year this could spur growth for the global crypto market.

What do you think?


This chart in particular make sense, as there are really not a lot of women involved in technical fields related to information technology. A lot off women get upset by saying there isn't enough equal opportunities for them in the fields of science and technology but that is entirely unfounded and untrue, these fields really aren't pursued by most women (their own choice). I believe if they were to feminize Bitcoin a little and market it as some sort accessory to money and then push a celebrity like Kim Kardashian to endorse it, you better believe that women from all walks of life would hop all over it like fly's to shit.
     Tried to tell my mother about blockchain and crytpocurrency, she said it would never replace real money (cash) and was a just a speculative fetish for tech boys (boy is she wrong). I promise you if crypto was introduced and marketed through the medium of Facebook's Libra coin, every women on Facebook and Instagram would own cryptocurrency, while it would spread like wildfire overnight.
357  Bitcoin / Bitcoin Discussion / Re: Are there any other trading platforms other than Kraken? on: November 01, 2019, 01:10:22 PM
Are there any other trading platforms on for trading cryptocurrency aside from Kraken and if there are, what type of benefits do traders get when trading on those other platforms?

Some additional questions:
Can you do C2C Trading?
Can you convert the Crypto to cash?
What countries are those trading platforms based on?



https://www.binance.com/en is one of the most user friendly and versatile exchanges online. The signup process is easy and doesn't require KYC for up to a certain threshold. The platform offers a multitude of trading options and also offers margin trading. If you want to stake coins without holding them in a wallet or placing them somewhere that requires locking, you can just leave your coins in your Binance account wallet and they stake automatically.
   They offer a wealth of resourceful information regarding each coin they have listed on their exchange and also offer lending now. Definitely one of the top exchanges around and they even have a Binance U.S site. They offer major support for Android and IOS devices if mobile trading is more of your thing or just for convenience sake!
358  Bitcoin / Bitcoin Discussion / Re: Do you think that quantum computing could help or enhance blockchain technology? on: October 31, 2019, 11:56:30 PM
Google has already claimed that they achieved quantum supremacy. It's a revolutionary in the computing world. I think that through it could help boost the computing power of the blockchain to produce much bitcoins than our present computers.

When dealing with quantum physics you're literally messing around with the fabric of reality. Quantum computers wont just be for calculations and simple computations, the quantum world gets real spooky when you consider the fact that particles can become entangled meaning even if they existed on the other side of the universe, they share the same synchronized connections or even quantum teleportation (instant transmissions/like Goku).
  One day I would like to build a quantum blockchain where blocks are instantaneously transmitted to receivers and rebuild the entire internet making information instant with no wires or connections any where of any kind, whether on mars or here on earth.

  I call it the Quantum-Network or QuantNet for short. I've got loads of ideas, just don't have the funding.  Undecided
359  Bitcoin / Bitcoin Discussion / Re: Do me a favor, tell me really clearly and slowly what exactly a blockchain is? on: October 31, 2019, 10:47:59 PM
I cheated my way thru in a job interview, for the role of the content writer of exchange, now my boss asks me to write about blockchain but I know nothing about it. Could you guys just give me a basic rundown of.... *Things?*. Anything and everything you feel would be nice to know here
  The Blockchain is quite simple to understand and I hope this rough explanation takes some of the mysterium out of it. The Bitcoin Blockchain is a decentralized transparent public ledger.
    The blocks are records of time stamped transactions on the network. Each block contains cryptographic hashes of the previous block, making altering the ledger null and void.
360  Alternate cryptocurrencies / Altcoin Discussion / Re: Will DEX's ever get the liquidity and volume of Centralized Exchanges today? on: October 31, 2019, 09:59:56 PM
Yeah, that's a question I keep asking myself these days. There's so many DEX projects, some of them not even being "Real DEX's" like the Binance "DEX". I've been wondering if another bull run could trigger a huge influx of new users towards these projects, since you don't need to own an account to use them.


Remember Q4 of 2017, when you couldn't even open a Binance account since they got too many registrations at once? With the recent influx of new trading options, some of the volume could be moved towards decentralized solutions such as Blocknet, just to name a project.

Another thing worth speculating on, is people seem to HATE KYC like the plague. Imagine all the rich and wealthy people, like celebs, and people with big time careers, they might not even want to risk disclosing what they hold should a centralized exchange be compromised, which makes DEX's the best solution.

Could 2020 be the year of DEX's? Just a thought... Grin
I understand that the original idea for Blockchain and Bitcoin was for everything to originally  be decentralized putting the financial power back into the hands of the people, but many of the DEX's are very sketchy and any investor should be weary of depositing their funds into them in fear of not getting them back. I had a real bad experience with TopBtc exchange a while back but after days of refuting my claim I recieved my money back.
  I think whales are also more prone to market manipulation from these smaller DEX's, I feel a little safer with a partially centralized exchange but not completely centralized.
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