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Bitcoin / Bitcoin Discussion / Re: Bitcoin countries: top hotspots that use BTC
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on: September 30, 2020, 09:16:02 AM
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I'm a little bit confused why Malta was included as one of the top hotspots for use of BTC as per OP's reference article? I just hope that classification don't include its preference as one of the most crypto friendly states, and currently hosting big crypto businesses such as Binance, etc..
If I'm not mistaken, being a hotspot for BTC use includes local community adoption e.g. installed BTC ATM's and having real world usage such as using it as mode of payment in a marketplace or any payment transaction and it has significant BTC holders as compared with other big countries.
I guess hosting exchanges or other crypto business alone don't qualify Malta as a top hotspot for BTC use other than for trading transactions in exchanges it is hosting. Imho.
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Other / Politics & Society / Re: Donald Trump signs executive orders banning TikTok and WeChat
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on: August 11, 2020, 02:12:43 PM
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We all know that China has been banning giant apps like Facebook even before. So if China does it, the US can also do what they want especially if they are seeing that TikTok is a threat to their people. But if they keep on doing such an act, it won't stop and might cause a bigger issue between the two.
I suppose President Trump has valid reasons to ban Tiktok and WeChat and I guess its more about national security since its very obvious that China is exerting its influence over many aspects of society through these social media giants - and this is much like how China feels by banning Facebook and Google - which I think this is also a response in light related to these previous incidents. My only concern is that the U.S may find having a hard time banning these companies totally as we all know some people may find a way circumvent it not unless the U.S. lays down solid technical infrastructure to fully enforce this ban order.
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Alternate cryptocurrencies / Altcoin Discussion / Re: Bounty hunting tips for newbie in joining bounty campaign.
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on: August 04, 2020, 12:49:56 PM
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1. Verify project's viability 2. Verify core team's identity 3. Check if they have a working MVP already 4. Check repository / Github activity 5. Ask the team on related questions on the project's social media channels, etc...
What should hunter do, if the projects passes all the 5 points you wrote, or simply dont have some the points. It is not a total guarantee that a project is not a scam even if it had satisfied all of the points mentioned above that is why we continue to have due diligence or investigate further about the project. For example, bounty campaign of an exchange. Do you often see they put their team on public or post a lot in github? Or MVP - often the team is in a processes of collecting funds, decides to run a bounty campaign. They wont have a MVP.
Well at least they must have a working MVP or else it is highly unlikely that they will ever produce one. As far as I know, most legitimate exchanges are already in operation before they had conducted a bounty campaign to promote their company. "5. Ask the team on related questions on the project's social media channels, etc..." - I've tried asking CZ questions about Binance in twitter, but he ignore me. If he ever run a bounty campaign, I'd better skip it. They seems shady, except CZ I dont know any representative from Binance.
Binance is already an established company, and I don't know if they had initiated a bounty campaign that could be related to your inquiries but I think you could try other support channels instead of using Twitter so that they can better address your concern. Moreover, I presume CZ is a very busy person that is why we should take such inquiries to their dedicated support team on different media channels accordingly.
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Alternate cryptocurrencies / Altcoin Discussion / Re: Bounty hunting tips for newbie in joining bounty campaign.
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on: August 03, 2020, 02:46:30 PM
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~snip~
Aside from that, I think every bounty hunter must do a little bit of research about the project and its core team's identity. Also there are a handful of steps as listed below that I think one should do first in order to verify the integrity of a project and steer us away from possibly joining a scam project. 1. Verify project's viability 2. Verify core team's identity 3. Check if they have a working MVP already 4. Check repository / Github activity 5. Ask the team on related questions on the project's social media channels, etc... If we do these things, I think there is a high possibility that we could encounter some red flags and should already be doubtful about it and avoid that particular project. In this way, we will not be wasting our time and should discourage possible scammers from doing such awful acts.
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Bitcoin / Bitcoin Discussion / Re: 900,000 illegal bitcoins.
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on: July 31, 2020, 12:05:16 AM
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By comparison, the above mentioned BTC allegedly used for illegal activities only sums up to more than $ 9.79 billion and its almost traceable! Now a recent statistics shows a frightening amount of more than $ 232 billion (see link below) on illegal drugs spending alone and we have to consider that most of these transactions were made possible by using fiat money which is almost untraceable. I think if those BTC hits the market, which I assume is happening right now, I think it doesn't have a big impact if we ought to compare it to illegal transactions using fiat money. Imho. Source: https://www.worldometers.info/drugs/
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Bitcoin / Bitcoin Discussion / Re: United States Bitcoin Fugitive Arrested in Indonesia for Sex Charges Under FBI
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on: June 18, 2020, 11:36:27 PM
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Hopefully the crimes committed by Russ Medlin do not have a bad influence on the world of cryptocurrency.
No, it won't. The article you provide clearly stated that this guy Medlin deceived his victims into believing of such profitable Bitcoin mining ponzi scheme. I don't find anything that would affect the image of cryptocurrency. Anyway, this guy really loves committing crime. I don't know how does he sleep at night knowing that he's been always hiding from authorities, committing a number of serious crimes. I beg to disagree! We cannot deny the fact that in one way or the other, it had already tainted the public perception of cryptocurrencies in general and that is why we cannot blame people for being reluctant to join the crypto bandwagon! I believe that up to this day, there are still many scams in progress that are related to crypto and that we as crypto enthusiasts should unite in fighting these types of scams from bad actors if we aspire crypto mass adoption. Imho.
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Local / Pilipinas / Re: The Anti-Terrorism Act and Why Non-Custodial Wallets Will Be Important
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on: June 10, 2020, 08:47:30 PM
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Actually, wala tayong dapat katakutan o ikabahala sa Anti-Terrorism Bill na ito not unless may ginagawa tayong masama na labag sa batas o kontra sa estado. Pagdating naman sa kahalagahan ng paggamit ng non-custodial wallets sa panahong ito, palagay ko ay para na ding walang pinagkaiba dahil maaari hinde ma freeze yung account natin pero hinde ito ibig sabihin na hinde masusubaybayan ng Gobyerno kung ano mang illegal na gawain meron tayo! Palagay ko, mas epektibo pa din yung paggamit ng cash o unmarked bills para mapanatili yung privacy na hinahangad ng bawat isa sa atin. Imho.
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Economy / Economics / Re: China’s digital yuan could replace bitcoin & end US dollar hegemony
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on: June 03, 2020, 11:18:39 PM
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I don't think China will totally abandon their fiat money in lieu of its proposed digital yuan for the simple reason that they will lose their ability to print money out of thin air to float their economy.
With digital money, people can easily track it if ever they try to mint fresh digital assets into circulation so that I don't think China will ever like it, allowing prying eyes on what they are doing behind the curtain. Imho.
The Chinese government is already warning its citizens that they are not too keen on non-cash, including digital means of payment, and also indicates a significant role in the state of the use of cash. Therefore, China is not going to give up cash in the foreseeable future. China's digital yuan is a stable currency, and therefore it will compete primarily with stable state coins, as well as private and commercial stable coins. The digital yuan should not have a noticeable effect on bitcoin and the dollar. At the same time, I think that the digital yuan will strengthen China’s financial position on the world stage. Right! I would like to presume its an experiment to dominate the crypto space, leveraging its mighty economy to achieve this goal. In fact, I've seen news after news on this plan via social media channels that I think they are conditioning the minds of the people on how great this initiative could be and often exaggerating its supposed to be "impact" on major crypto like BTC together with the fiat U.S. dollar. So lets see what will happen next. 
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Economy / Economics / Re: China’s digital yuan could replace bitcoin & end US dollar hegemony
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on: June 03, 2020, 05:38:54 AM
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I don't think China will totally abandon their fiat money in lieu of its proposed digital yuan for the simple reason that they will lose their ability to print money out of thin air to float their economy.
With digital money, people can easily track it if ever they try to mint fresh digital assets into circulation so that I don't think China will ever like it, allowing prying eyes on what they are doing behind the curtain. Imho.
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Bitcoin / Bitcoin Discussion / Re: This is why I believe bitcoin will crush in the distant future
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on: June 02, 2020, 08:34:25 PM
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In case of death, I think we have our own plans of how we will introduce our private keys to our parents, children or immediate relatives.
You are right! I bet most BTC hodlers have a plan on how to convey their digital assets to their intended beneficiaries when the time comes. As a matter of fact, there are services and mechanisms that caters to these kinds of needs from these hodlers and at the same time, other digital assets have also plans to set up infrastructures to mitigate these kind of situation. I did found an article that could enlighten us more about this matter. Bitcoin Firms Report Uptick in Demand for Inheritance ServicesSo in essence, I disagree with OP's idea of BTC being crushed in the future on the premise of mishandled private keys alone. Imho. 
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Economy / Speculation / Re: Bitcoin Hash Rate Continue to Surge!
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on: January 08, 2020, 02:48:47 PM
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I think having a consistent and a steady hashrate reflects a renewed interest in BTC mining and could complement its price as what is happening right now.
I just hope this scenario will continue over the next few weeks / months that I assume something good will happen with it.
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Bitcoin / Bitcoin Discussion / Re: Is there any such thing as true data protection
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on: December 21, 2019, 01:26:53 PM
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what services do you suggest to have your data and yourself protected.
There maybe systems that could give better protection but there are no guarantee that it can offer us 100 percent total protection because all online entities are inherently insecure and most of us can't do anything about it but apply the best possible defenses as much as possible. 
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Bitcoin / Bitcoin Discussion / Re: Craig Wright: "BTC is not Bitcoin"
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on: December 17, 2019, 12:31:20 PM
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BTC is Bitcoin for as long as its users say it is. End of story. One lone con-artist can't change that. We also have a little thing called "the truth" on our side, which is always a bonus.
Or rather we could assert confidently BTCSV is not Bitcoin! The ticker says it all! 
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Local / Pilipinas / Re: [Research] Crypto holder in the Philippines
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on: December 14, 2019, 02:18:55 AM
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But I guess it significantly affected the data gathered that all the 1,000 sample respondents are taken online. That is a significant factor why the finding says that 74% of the respondents are saying that they have heard of cryptocurrency.
Tama! Mas maganda sana kung kung mas madami yung mga taong napabilang sa survey, kung puede lang sana nilang magmit data ng coins.ph customers, eh sigurado ako malaki yung pagkakaiba ng resulta ng survey. 
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