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October 17, 2019, 07:03:11 AM *
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1  Other / Beginners & Help / Re: Don't run for merits! on: Today at 05:17:08 AM
This is true. Don't chase merits but instead chase improving your post quality and engage on topics that you know really well and contribute new knowledge and the merits will come naturally.  Oftentimes, chasing merits lead to posts that are not really contributing and/or plagiarizing articles/other forum's comments which will result into bans. There are a lot of merit sources nowadays patrolling around the whole forum, giving out merits to those who deserve them, and not those who seek them, so just improve on your post quality and not go for merits exclusively.
2  Local / Pilipinas / Re: [NEWS] IRS Followed Bitcoin Transactions, Child Exploitation site takedown. on: Today at 04:40:30 AM
Buti na lamang at hindi na kagaya ng mga panahong 2012-2013 ang bitcoin ngayon kung saan napakababa ng mga law enforcement agency na concerned sa ganitong usapin. Natake-down ang Silk Road noong 2013 kasama ang pag-aresto kay Ross Ulbricht, at doon nagsimulang umigting ang paglaban ng mga law enforcement agencies sa mga kabulastugan at ilegal na aktibidad concerning bitcoin. Nakakatuwa lamang na kahit na may technology nang kagaya ng sa CipherTrace eh iniisip pa rin ng mga taong ito na madali pa ring gumawa ng kalokohan gamit ang bitcoin. Truth is lalo lamang liliit ang mundo nila sapagkat marami ng methods para malaman kung sino ang nag-mamay ari ng mga coins once na mai-cash out ito.
3  Bitcoin / Bitcoin Discussion / Re: Future of digital money depends on smart phone technology and people's knowledge on: October 16, 2019, 04:00:18 PM
I also believe that the primary driver of digital money would be the gadgets capable of sending and receiving them, none other than the smartphones. Knowing how ďsmartĒ phones had become since its introduction in 2009, the possibilities are endless for these little machines that we carry all around. Now itís only up to the devs and companies to capitalize on our dependency to smartphones. PayPal started it and a lot of payment processors are already following suit, and hopefully bitcoin and other cryptos pick the pace up. But then again, the latter is still dependent on merchants accepting and customers willing to buy using crypto.
4  Local / Pilipinas / Re: Mining o Trading? on: October 16, 2019, 02:56:15 PM
Nagsubok ako mag-mine ng mga Scrypt coins way back 2016, at siyempre nag-shift ako kay ETH simula nung tumaas ang demand sa kanya. Kumita rin naman ako kahit papaano dun pero mas mabilis ng di hamak ang turnaround at profits sa trading kumpara sa mining, at siyempre less maintenance pa. Isama mo na rin na hindi mo kailangan maglabas ng malakihang kapital sa trading kumpara sa mining na minsan ay aabutin ng isang milyon at hindi pa rin maganda ang bigayan. Sa mahal ng kuryente, internet at facilities dito sa atin, talo ang mga miners at lamang na lamang ang mga traders profit-wise.
5  Alternate cryptocurrencies / Altcoin Discussion / Re: I'm a Big Fan of Bitcoin, Libra's Chief David Marcus Says on: October 16, 2019, 02:22:09 PM
Salvation isn't likely for Libra anytime sooner, knowing that they have already generated enough negative press to keep some of their investors/partners to back out of the partnership and start somewhere else. The public's perception regarding Libra isn't going to change too, for they know that a cryptocurrency is something far from the constraints of centralization and no central body manipulates it in any way, Besides, if the major players in the partnership has already dropped out of the deal, why would the masses still believe knowing that there is something happening behind the scenes that could turn awry for Libra?
6  Economy / Economics / Re: Central Bank: If The Entire System Collapses, Gold Will Be Needed To Start Over on: October 16, 2019, 02:10:14 PM
If the banks are moving away from fractional reserves and inflationary currencies, two assets that they so do love controlling to make more money then you know that the system is flawed and it simply isn't working out. They are always one step ahead of the laymen that they have started hoarding gold by the start of 2010 and are continuing to do so by now. Good thing we now have cryptocurrencies to at least have our own hedge against inflation and financial crashes that the economists and experts are expecting to happen before the turn of the decade.
7  Local / Pilipinas / Re: Role of crypto (enthusiasts) in the increasing PH cashless transactions on: October 16, 2019, 10:55:49 AM
Look into Valenzuela public market. Some of them are already going cashless albeit using traditional payment processors such as GCash at Paymaya. Thatís a good sign nevertheless kasi nagsisimula nang mamulat ang ilan sa mga merchants natin sa convenience at effectiveness na dala ng cashless transactions. Some are still wary sa pag accept ng crypto kahit na meron namang dahil na rin nga sa mga nababalitaan nila tungkol sa mga scams concerning BTC. Aabang ako ng mga developments regarding this, though sa pag-iikot ikot ko sa Metros ay marami na rin naman akong nakita na merchants na tumatanggap ng bitcoins gaya nga nung nasa Parklea. Educate na lang siguro at suportahan ang small businesses and firms na tumatanggap ng crypto.
8  Local / Pilipinas / Re: Kahalagahan ng paggamit ng iba't-ibang Bitcoin address sa pakikipagtransact. on: October 16, 2019, 10:17:28 AM
Using change addresses when transacting is actually more on the privacy aspect. Alam naman natin na yung issue ng mga personal thefts concerning bitcoin has been on the rise lately, at once na ma-trace ng ibang tao yung address mo at nailink sa Ďyo yun, may possibility na maaaring maging target tayo ng mga personal thefts. Sa laki ng key space ng public address for bitcoin na hindi naman agad nae-exhaust, mas mainam nang gamitin lahat ng bagong addresses kesa mag stick sa iisa at irisk ang ating safety.
9  Economy / Speculation / Re: [2019-10-13] Fun Fact: Bitcoin Price is Up 838,000,000% in Ten Yearsí Time on: October 16, 2019, 07:18:24 AM
Bitcoin has effectively outpaced every known asset/investment to man in just a decade, and people are still tagging bitcoin as something surreal, too good to be true and all that doubt while bitcoin kept on pushing and pushing. It has helped transfer wealth too, since most of the computer geeks of 2010 may have heard of bitcoin and are now living on the grandeur bitcoin has brought them for the past years. Knowing that bitcoin is still pushing through the limits up until now, I expect that percentage to rise gradually over the next coming years,
10  Bitcoin / Bitcoin Discussion / Re: Why Didi sold everything for Bitcoin on: October 16, 2019, 07:03:29 AM
Reminds me of some of the people who posted here 3-4 years back stating that they sold every asset they own in exchange for bitcoins. It finally paid off for them for sure but I'm still not a fan of going all in unless one is entirely sure that the market is headed towards their expected direction. Diversifying is still king as for me, assets' prime time do come and go, and the hype moves the same way too. Everything is risky if you are investing but going all in on a single asset? Now that's some extreme level of risk.
11  Bitcoin / Bitcoin Discussion / Re: Bitcoin Legality effect on: October 16, 2019, 06:22:45 AM
This doesnít make any sense. For one, bitcoin is a deflationary currency with a fixed supply. Sure enough governments canít really do much using it for fixing their economies and would still need something that does the job pretty well which is fiat. They can go as to dividing whatever bitcoin reserves they have in their arsenals to the tiniest bit but thatís about it, and it would still be dependent on the current valuation of bitcoin for them to make things work.
12  Bitcoin / Bitcoin Discussion / Re: What needs to happen in order for bitcoin to replace gold on: October 15, 2019, 05:04:19 PM
Not just the price alone can help bitcoin replace gold. One must take into consideration the amount of support bitcoin needs to have in order to keep the fire burning and to have it replace gold completely as a store of value. It can always be valued into something incomprehensibly crazy but if only a few people and governments believe in that value, it is actually nonsense and serves little to no weight to the rest of the world. Gold stayed not only because of its scarcity and value but because people even in the olden times believed in its properties, like we are until today.
13  Bitcoin / Bitcoin Discussion / Re: 10 Years From Now: Bitcoin Overtaking PayPal? on: October 15, 2019, 04:39:28 PM
During its early days, bitcoin was primed to be the one that overtakes traditional payment processors into the world of e-commerce. Fast forward to where we are right now, I doubt that knowing that the focus of the majority of the people in the bitcoin ecosystem is on bitcoin's speculative wonders and not its function as a currency. We never have progressed from the days wherein we just compare the amount of transactions that bitcoin and Paypal can handle in a day, and sure SegWit deployment might have helped us move but we only moved an inch from where we were before it. 10 years is an awful long time, but isn't enough to place us on the ranks of competitive payment processors with the likes of Paypal.
14  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think about the Facebook Libra cryptocurrency idea? on: October 15, 2019, 04:12:47 PM
I'm not thinking highly of Libra knowing that this wouldn't really hit the markets that big unlike what XRP did despite being a centralized coin. True that Facebook Inc. has a huge budget when it comes to such but one can't simply deny the fact that Facebook has also included itself well enough on some of the largest data breaches and scandals in the world which makes them somewhat untrustworthy on these sorts of things. If a different company/entity manages Libra, then there would still be a glimmer of hope for a successful launch, but Facebook Inc.? I don't think so.
15  Bitcoin / Bitcoin Discussion / Re: Can there be some Bitcoin Central Agency in future? on: October 15, 2019, 08:09:05 AM
Itís highly unlikely for a centralized body to materialize within bitcoinís ecosystem. Besides, whatís the centralized body going to do in a decentralized currency anyway? Itís not as if they would be able to mediate in important talks in the community and act as a representative whenever bitcoin is mentioned. At best, they would only be a puppet/used as a political tool for those who want to further their interest with bitcoin and nothing else.
16  Bitcoin / Bitcoin Discussion / Re: Stop Inflation With Crypto? How? on: October 15, 2019, 02:51:13 AM
Inflationary currencies promotes spending whereas deflationary promotes hoarding over time due to appreciation in value. Itís the banks and financial entitiesí faults why fiat spun out of control for the past decades. Their financial policies simply didnít help all economies grow, just like what happened in Venezuela and the likes. It would take a lot before governments accept a crypto-only system where they have little control to and adjustments cannot be made to better suit a countryís current economic situation.

Switching over into something that not everyone understands is a disaster waiting to happen, IMO, and crypto isnít the solution alone.
17  Alternate cryptocurrencies / Altcoin Discussion / Re: Will XRP Claim the #2 Position? on: October 14, 2019, 04:13:44 PM
Not really having a feel for XRP given its centralized nature, but if the pace continues like this then there's no doubt XRP could snatch that #2 spot from ETH. However that would be short-lived, given that XRP has this distinct nature wherein it gets pumped for a few days then the hype dies out. More projects are pouring in for XRP lately that it's hard to rule those out on the factors for it to become #2. The question here is not about whether XRP can claim the #2 position, but how long can it stay in there before it gets overtaken by ETH again?
18  Economy / Service Discussion / Re: Question for fellow Campaign Managers on: October 14, 2019, 03:26:51 PM
Recently, I was managing a signature campaign and there were few slots open just for the Member ranks, but many higher-level users like Full Member and Hero were requesting me to consider their applications and they would be satisfied with the lower pay according to the Member rank.

Is it acceptable to put higher-level users in competition with lower ones for a spot in the signature campaign?
I declined to address such requests, but what if I don't get any applications from good quality posters for the member spot is it then right to choose from higher accounts?

Would really like to hear what you do with your campaigns in such a scenario.

I've seen yahoo did this countless of times with some of the campaigns he managed/manages. Literally there isn't any reason to bar them from joining your campaign if they fit the criteria really well and that they deliver good posts for the benefit of the service you guys are trying to advertise here in the forum. It's like you're getting better (not all of the time anyways) quality with less budget, and I think that's a win-win for the service trying to get their name out in the open.
19  Other / Beginners & Help / Re: Bad experience with exchanges on: October 14, 2019, 03:09:36 PM
Cryptsy customer support way back 2016. This was during the time when Blackcoin was still a popular pump and dump coin (not proud of it) and I was on the move for capitalizing on price differences in Bittrex and Cryptsy. I was asking for a push in withdrawal but their support replied that it's an on-chain problem of Blackcoin and not from theirs that's why they can't push withdrawals. I tried again after an hour and a different reason came up, and for the third time until the price difference in-between exchanges diminished that it's no longer worth it to arbitrage anymore. They pushed the withdrawals right after that point, to which no profit can be made. Usually it is the customer support that tires me on an exchange and not the platform per se, and I believe similar cases here, too.
20  Economy / Economics / Re: BEEN IN THIS GAME FOR 6 YEARS on: October 14, 2019, 02:21:41 PM
It's good that you have this sense of belief that bitcoin will make it big as time passes by. However, the talks of scarcity being the only metric you are using to measure its future valuation isn't enough, as scarcity should always be paired with demand for the price to skyrocket. One should also wish for adoption to pick up the pace and help us get through those questionable price ranges that the naysayers are throwing at us before the 2017 bull run occurred. I'm more into the integration of cryptocurrencies in different facets of the economy rather than just it being a vehicle of investment for a select few who understands the market.
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