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September 26, 2018, 09:40:32 AM *
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1  Economy / Gambling discussion / Re: Cricket match prediction discussions on: September 23, 2018, 03:02:39 PM
Both the matches today are not going to be one sided. Pakistan have scored 237/7 in their 50 overs. India will not have an easy outing like they did last time. We have a match on our hands.
Bangladesh have managed to overcome initial hurdles and look poised for a score between 240-250. Afghanistan has the hitters to chase down this score, but it might again go down to the wire. It will be an interesting watch.
2  Bitcoin / Bitcoin Discussion / Re: Using Cryptocurrency for Dark Web on: September 23, 2018, 01:56:01 PM
Last night, I saw a movie called Unfriended: Dark Web wherein one of the main characters stole a laptop, which he later found out that it is owned by a member of an anonymous group in a Dark Web. This member sent him bitcoins totaling to $10m to make him do terrible things, dragging his friends into this mess. This got me thinking, I know it is probably possible to use crypto for dark web, but if this is how it is going to be, don't you think that this will make bitcoins and other altcoins dangerous? Can a person really use cryptocurrency for Dark Web?

PS: I am not planning to use cryptocurrency for dark web, I am simply asking if it is indeed possible and its dangers.

Probably possible? Dude, have you been living under a rock? That was the primary use of Bitcoin a few years ago. Mainstream media used to give a big spin to this - Bitcoin was supposed to be the currency of the dark web and supposedly used only for buying drugs. We have come some distance from that, but dark web uses definitely constitute a significant portion of Bitcoin transactions.
3  Bitcoin / Bitcoin Discussion / Re: YOUR CRITICISMS WILL NOT KILL BITCOINS! on: September 22, 2018, 11:34:33 AM
I have been on this platform for about three months now. The platform has been educative and informative, and I feel at home here. However,some of just keep criticizing and making unnecessary posts like:

1. When will bitcoin die?
2. Bitcoin has no future.
3. Do not invest your money in bitcoin and cryptocurrencies...............just to name a few.

I think we, the users of cryptocurrencies should rather promote its activities for the betterment of the market. We can educate the general public, thanks to the availability and easy access to the media- both the electronic and the print.

Preach your successes and get people on board with your testimonies. Cryptocurrencies can be better that they are at the moment.
LET US STOP THE UNNECESSARY CRITICISMS.

What do you think? Please let us know your views.

Criticism is necessary and welcome, if it is constructive. Bitcoin has certainly evolved over the years and if you look at the technical discussions board, you will see that a lot of discussion and engagement with the community has happened there. Of course, on the other hand, there are trolls who only talk about the crashing price.
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: September 22, 2018, 06:25:17 AM
Today is a good day for altcoins with considerable rises.
However, I won't sell any bytes because I have strong belief on Byteball team.
The project can moving higher, much higher.

Dude, byteball is down versus BTC.

And since meterse deleted my comment from the ico thread I'll repeat it here: with daily volume of 8 BTC across all exchanges you couldn't run an ico for a lemonade stand. It's a joke to promote byteball as an alternative ico platform (whatever you think of ico offerings in general) when you can round down the trading volume to zero.

I am always against moderated threads. Byteball's volume definitely is low, but that can change. I wouldn't call that a disadvantage which would cripple the ecosystem.
Altcoins are not up against BTC. It is just Ripple which is up. That is the reason for the decrease in Bitcoin dominance.
5  Economy / Gambling discussion / Re: Cricket match prediction discussions on: September 22, 2018, 06:05:21 AM
Afghanistan played mind-blowing the last match, showed their batting and bowling capability. Now today with 257, it is possible to restrict PAK, but if there is no fall of a wicket, Pakistan may win this match as its 105 from 102 balls, not quite hard if they hold their wickets.
Today India won the match. Even in the absence of Kohli, Captain Rohit is guiding the team brilliantly, providing a good score from his side as well.

The match between Afghanistan and Pakistan really went down to the wire yesterday. With 10 runs required of the last over, it was anybody's game. But Pakistan prevailed in the end, primarily due to Malik's experience. He just needed 3 balls to get the required runs, with a six and a four to finish the match. Nobody should underestimate Afghanistan going forward.
6  Bitcoin / Bitcoin Discussion / Re: INTERNATIONAL ANTI-MONEY LAUNDERING STANDARDS FOR CRYPTO on: September 21, 2018, 01:10:15 PM
The Financial Action Task Force (FATF) recently said it is about achieving the goal of setting a set of Anti-Money Laundering (AML) standards for Cryptocurrencies that can be implemented globally, for me this is good news, what do you think? See link below:
https://cointelegraph.com/news/international-anti-money-laundering-standards-for-crypto-expected-in-october

The FATF probably has no clue about what they are talking about. They don't understand decentralization. You cannot have AML norms implemented for all cryptocurrencies. At best, you could have such regulations at centralized exchanges and payment processors. That really doesn't go the full distance.
7  Economy / Gambling discussion / Re: Cricket match prediction discussions on: September 21, 2018, 12:41:36 PM
Bangladesh have not started well in this match against India. After having being put in to bat, they have been reduced to 59/3 after 15 overs. Losing early wickets and having a run rate below 4 does not bode well. They have to play well to put up a competitive score against India. India will be high on confidence after having thrashed Pakistan.
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: September 21, 2018, 10:20:01 AM
The only thing which tonych cannot controll is PRICE

Another thing occured to me from your comment. Tonych cannot control price that is true, but he can influence it. Perhaps having the opposite effect than he intended though, (due to aforementioned lack of basic economic principles.) But he can influence it. He controls a good 30-40% of the supply at the moment. Via airdrops (helicopter money) (central bank style tinkering) he does influence the price a lot. So far this has been to the downside which begs the question.. Does Tony prefer the price low for reasons at this time unknown Or does Tony want the price high but keep doing the wrong thing?

The distribution methods do influence the price. One thing which can be done is stop further dilution - no more Bytes to be distributed. He can set a floor (say $1000) beyond which GB will be sold in the open market, for the overall development of Byteball. This will prevent dumping of distributed Bytes at exchanges. It would also prevent the price from going beyond $1000 until all the Bytes are distributed, but existing holders shouldn't have any problems with that.
9  Bitcoin / Bitcoin Discussion / Re: Why is bitcoin doing better than bitcoin cash? on: September 21, 2018, 10:06:13 AM
In my experience bitcoin cash is a fork of bitcoin even BCH is faster and cheaper to use due to larger blocks but still it'a seen that most of the people are using BTC than BCH so why is bitcoin doing better than bitcoin cash?

There are multiple forks of Bitcoin which create altcoins, but there is only one Bitcoin. The question of whether larger blocks are better than smaller blocks seems to have been settled for now - Bitcoin Cash only has a fraction of the market capitalization of Bitcoin. Until scalability becomes an issue again, do not expect Bitcoin Cash to increase in value.
10  Bitcoin / Bitcoin Discussion / Re: Is cryptocurrency so difficult to understand on: September 20, 2018, 08:59:11 PM
Crypto is a bit complex for a lay person to easily understand. You can make it difficult depending on how you approach the concepts. The best way is by assessing  the prior knowledge of the individuals that you are dealing with. After you have explored their knowledge, the next thing to do is to  explain the basis of blockchain technology and why it was introduced, after which you can explain how  and why bitcoin or any other crypto was created.

You don't have to be a rocket scientist to understand how the blockchain and cryptocurrencies work. You also don't need to understand the inner workings of cryptocurrencies to use them. My grandma has no clue about how the internet works, but she is a pro at sending emails and using facebook. The same applies to cryptocurrencies as well.
11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: September 20, 2018, 08:06:35 PM


The market depth does look bad. But why all this negativity? You might have lost some money, but does it warrant asking people to sell byteball through your signature?
People who have invested in most other altcoins have also lost money....
12  Economy / Gambling discussion / Re: Cricket match prediction discussions on: September 20, 2018, 07:55:57 PM
Afghanistan doing really extra ordinary work as they outclass Bangladesh and now tomorrow going to play against struggling Pakistan look like they can overcome and will face India in Grand Finale because they are completely good package and have ability to outclass Pakistan as they done against Sri Lanka and Bangladesh in other match India going to face Bangladesh its could be very easy for India as they clearly now in touch and can handle them very easily.

Afghanistan are proving to be a very strong and improving team. Looking at them beat Bangladesh, they have proven that they deserve a place in the next stage. Pakistan should be wary of this team, especially if their spinners get going. Pakistan must be low on confidence, having lost to India in the group stage.
13  Economy / Gambling discussion / Re: Cricket match prediction discussions on: September 18, 2018, 07:53:13 PM
India just managed to reach 285/7 in 50 overs against HK. This is not a good score considering it is HK atleast they should have made 325+ runs if they have to beat the best of the teams. Also HK is 139/0 and India team has not even manage to pick up a single wicket in 30 overs till now.

285/7 is a par score against Associate nations, but you would expect these scores to be easily defended. The first wicket partnership really scared India, but once India got the Hong Kong openers out, HK was under pressure. Even though this is a second string Indian side, I expected them to thrash HK. That didn't happen, with India winning by only 26 runs.
14  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: September 18, 2018, 11:38:54 AM
I've suggested it before, and I'll suggest it again: I'd like to see (or manage!) a signature campaign paid in Blackbytes, to promote the most private currency ever. It's so private, barely anyone knows about it Cheesy
See my Byteball: Blackbytes FAQ.

That is a pretty good idea. We don't need blackbytes to become worthless because of flawed distribution methods.
A signature campaign would generate some buzz. It won't be comparable to airdrops, but it will be effective publicity never the less.
15  Economy / Speculation / Re: Sell car for Bitcoin on: September 17, 2018, 06:50:06 PM
My friend decided to sell his car and invest all the money in Bitcoin as some people predict that 1 BTC will reach 500 000$ till the end of 2019.
He totally believes in it and tells that then he could buy not only a new car but a flat also.

Does it really worth it? He uses his car for his work and now he wouldn't be able to do this anymore as he thinks there's no need to work anymore.

Now there is no need to work anymore? How is he going to pay for food and his bills now?
If he sells his car to invest in Bitcoin, but then takes the bus to work, that is fine. He is just sacrificing a little bit of comfort to invest in something he believes in. Whether or not Bitcoin really succeeds, your friend wouldn't have lost anything.
16  Economy / Gambling discussion / Re: Cricket match prediction discussions on: September 17, 2018, 04:33:55 PM
I really give Afghanistan a high chance at winning this match later today against Sri Lanka. I might even bet a small amount of money on them to win as they are the underdogs to win this match but with the form Sri Lanka are in at the moment, I wouldn't be surprised to see Afghanistan win.
This is going to be very interesting match as Afghanistan manage to score 249 runs and we can say its good one as Sri Lankan batting struggling with very poor form of their players Afghanistan is much better then Bangladesh in bowling now lets see how Lankan response because if they down then surely they will out and this could be disastrous for them and can hurt their preparation for world cup.

Afghanistan has given a reasonable performance with the bat, scoring 249. Sri Lanka will be under pressure, after their disastrous loss to Bangladesh. They seem to have the chase under control, scoring 42/1 in their 10 overs. If they do not panic, this chase will be achieved with ease. The Afghani spinners will have to be denied wickets.
17  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg on: September 17, 2018, 04:21:49 PM
Found active seller.
Not much left.
https://chainz.cryptoid.info/bay/wallet.dws?18840.htm

Can't wait till the day comes that we can freeze and regulate these guys from drastically hurting investor confidence anymore.
These last 8 months have been brutal for mostly all of the altcoins.

We are just a few weeks away from removing their abilities anymore.
And it couldn't have happened at a better time. The market manipulators have been busy dumping their altcoin reserves.
They should be close to running out of Bay.
The dynamic peg will regulate them no matter what happens.
But the idea that we will soon have a dynamic peg in place, while the market manipulators are nearly out of Bay coins, it is going to make the peg release that much better!

The timing is really good. The peg will protect value, although the entire value cannot be realized in one go.
This will go a long way in differentiating Bitbay from other altcoins. Market manipulators will know that it is in their best interest to leave this coin alone.
18  Bitcoin / Press / Re: [2018-09-13]10 Years After Lehman: Bitcoin and Wall Street Are Closer Than Ever on: September 17, 2018, 04:05:07 PM
The only way fiat is going to die is when the population will lose faith in it and the government will fail. Even hyperinflation like the one currently happening in Venezuela is not enough to kill fiat, many other countries have had it at some point of their history, and they've usually solved it by rebooting their currency. Too many people are dependent on it - people employed by the government, people who pay taxes and so on. I don't believe in Bitcoin revolution, Bitcoin will just keep coexisting with fiat and will have a relatively small userbase consisting of people who value its properties.

People don't lose faith in fiat, because the government uses its muscle to ensure that they continue using it. Long before Bitcoin, there have been ways for people to stop using fiat - they could have used gold instead. But even in countries with hyperinflation, the government machinery has ensured that fiat continues to be used.
19  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: September 16, 2018, 08:18:59 PM
To scale down the denomination of Byteball on exchanges (from Gigabytes to Megabytes or lower) has been debated for a while now, mainly for reasons of marketing. But someone has pointed out that there are deeper reasons for doing that: to define a Byteball unity as 1 Gigabyte would be like defining an unity of dollar as 1 Million $. Of course this does not make any sense if you are looking for mass adoption, like Byteball is:

Ordinary investors don't really think that deeply. A lot of them just go out and buy the cheapest coin they can find, hoping it will explode like Bitcoin. We need those investors, just like we need the true believers of Byteball.
Denominating GB as the basic unit of Byteball ensures that they pass on.
20  Economy / Speculation / Re: Is the hype starting? on: September 16, 2018, 08:08:08 PM
Normally, last quarter has always been known to be the period of surge right from the onset, and a lot of traders and investors are hoping this year will come with the same move but certainly too early to judge.

Here's a few contrary examples. Q4 2011 was bearish. It's when the market crashed to it's lowest point before the next accumulation cycle began. Q4 2012 was a sideways market. Q4 2014 was mostly sideways, but December began the final crash to $150.

I don't see the point of trying to find these patterns. There's only one Q4 per year, so the total sample set is tiny. Timing the boom-bust cycle requires a lot more nuance than that. In fact, time is the most unpredictable part of the market in my experience.

You should stop trying to time the boom-bust cycle. People have tried and failed to do that in the equity markets, which has loads and loads of data. You will be hard pressed trying to get comparable data in the crypto market.
You are better off taking a long-term call and systematically investing / disinvesting.
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