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September 19, 2020, 01:29:02 PM *
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1  Bitcoin / Bitcoin Discussion / Re: Should bitcoin be introduced into the educational sectors on: September 18, 2020, 12:39:59 PM
Funny thing is.... by the time when the education system decides to add this to their curriculum, Bitcoin would have to be added to "History" subjects.  Wink 

Also, kids would be teaching teachers on the subject... because most of the kids are already using Crypto currencies to buy things online and also to do things that they cannot do with their parents credit cards. (Accessing Paid2View Porn or Online Gambling)  Roll Eyes

Should it be added..... YES for sure... something as revolutionary and disruptive as this technology, should definitely be part of their curriculum.  Wink
2  Bitcoin / Press / Re: [2020-08-01] How the FBI tracked down the Twitter hackers on: September 18, 2020, 08:41:08 AM
Nobody can be this stupid... even if these kids was just some script kiddies who "copied" scripts and methods from real hackers... then they were smart enough to use those tools and not smart enough to hide their real identity.  Roll Eyes

I think these kids knew exactly what they were doing and they wanted to get caught. Why...?... well that is easy, Answer : For the Fame and notoriety that comes from being the kids who hacked one of the largest social media companies in the world. (They think it will come with some kind of Book or Movie deal when they are older and also the fame and acknowledgement that they would get from social media or simply brag rights that they did it)  Angry Angry Angry Angry
3  Alternate cryptocurrencies / Altcoin Discussion / Re: ClipX steals KYC data and shuts down on: September 18, 2020, 07:17:24 AM
That is one of the reasons I would never sacrifice my personal info for a meager reward. Everyone are worried that your personal information would be hacked from a centralized database and then you get projects like this that will legally collect the data and then just use it for the wrong reasons.

People do not understand the risk when they willingly give their KYC information to these projects.  Angry  <<TIP>> What I usually do to protect myself, is to make a copy of my original documents and then write the website details of the service that required it onto those documents, before I submit it.  (That way I can trace it back to it's source, if it was used illegally)  Wink
4  Bitcoin / Bitcoin Discussion / Re: Why mixers? on: September 18, 2020, 05:43:33 AM
The idea behind Mixers is to remove the direct link between the different Bitcoin addresses on the Blockchain. So nobody will be able to trace the original tokens to it's source or original address. Some hackers (criminals) use this service to hide their stash that they acquired through illegal actions and other people use this to protect their financial wealth.

You have a right to protect your private financial data.. and Mixers provide that protection. If you get cash from say a XBox you sold and you hide that under your bed, then you are protecting your financial data... and this is what Mixers offer you too, because nobody can trace your "savings" in Bitcoin, if you push all the tokens/coins you receive...through a Mixer and then to your Cold wallet. (Long-term storage)  Wink
5  Bitcoin / Development & Technical Discussion / Re: 6 confirmations questions on: September 17, 2020, 12:45:13 PM
I always imagine a scenario where I see a bunch of people standing around and 1 person kills a person .... now only 1 other person saw who did it and he is starting to tell the people around him what happened. So imagine the first person is block 1.. and the other who did not see it... are also being told over a longer period... until you get a bunch of people that know what happened.

Now imagine if I was the killer and I wanted to bribe people to stay quite... well, if I only had to bribe the first guy.. it would cost me very little, but if I have to bribe more and more... it would become very expensive...  Wink

The same principle is applied to confirmations.... the more confirmations you get, the more it costs you to remove the evidence of your actions. (In the Blockchain that would apply to a transaction you done)  Wink
6  Bitcoin / Bitcoin Discussion / Re: Why government Don't kill btc? on: September 17, 2020, 06:31:15 AM
The attempt to kill it, will just make it more desirable.  Wink

The "Prohibition" in the United States was a nationwide constitutional ban on the production, importation, transportation, and sale of alcoholic beverages from 1920 to 1933. Did this ban stop people from producing, importing and transporting and selling alcohol? The answer is NO....

The American public adapted to this ban by taking these activities to an illegal trade and distribution network that operated underground and the government had to push more resources into trying to stop that. (costing them more tax money)

The government also quickly realized that they are losing taxes on the illegal alcohol that was being sold. So it was doomed to fail from the start.  Grin

How will they stop people from using Crypto currencies on the Dark markets? Have they been successful to stop Monero or Dash or any of these privacy coins on Tor markets? ... No, so why would they be successful in doing that, if they banned Bitcoin?
7  Economy / Gambling / Re: Stake.com - Casino & Sportsbook - Lamborghini Giveaway! 🚀 🎰 🏀 ⚾ 🏈 �� 🥊 🎲 on: September 17, 2020, 05:37:33 AM
Define "big". Something like this
C'mon man! at least 100x Grin
I got more than 100x several times on Scarab Spin, but never on Samurai as far as I remember.
~

Yes, winning something around 100x on Scarab Spin wasn't a big deal in the past(maybe it still isn't, I just have stopped playing this slot for an unknown reason). I went through my screenshots and found this one

Edit >> Image removed

among many of 70x and 80x. But then I managed to find this one

Edit >> Image removed

probably my best win on Scarab Spin.

I too would like to see someone's winning 100x and above on Blue Samurai. I played this game a lot, and it seems impossible. Smiley

You need to take a look at this topic https://forum.stake.com/topic/36799-%F0%9F%8F%86-32-eth-blue-samuraislots-challenge-%F0%9F%8E%B0/
~

Thanks for that link! Many of 100+x and several of 250x, wow! So it's possible after all. Smiley

Unfortunately, I have no screenshots of my wins on Scarab, but I can also say that 250x and 300x does happen more than you might think.  Wink  The house edge is much lower on the Stake original games, than on the 3rd party games.. so your chance to get something more from these games are a little bigger.

Also factor in the fact that you can do multiple micro bets for a fraction of the price of bets on 3rd party games and I would say that it might even happen more frequently with Stake original games. (You do more betting with less money)

I prefer to play Scarab Slots over the Ninja Slots, because you get 15 free spins on Scarab and I tend to win more on Scarab slots for some reason.  Huh
8  Bitcoin / Project Development / Re: Earn free money discovering the world of Bitcoin (without investment) on: September 16, 2020, 07:38:26 PM
Any website that relies only on advertiser income will not succeed.

Any advertisers you are able to find with this extremely common website will evaporate as you pay your users to steal their advertising dollars.

You have nothing to lose, other than your time and reputation.   You only get so many tries at friends/family with this junk.  You cannot guarantee any money for your members, which is why you give out points. 






I have to agree with you on this one Vod.... Most of the pay-as-you-click and faucet sites in the past relied too heavily on Paid advertising for a income and then it collapsed. (Advertisers are looking for quality traffic and not for people who wants to earn peanuts from click and earn sites)

The only reason why sites like Freebitco.in survived after all of these years.. is because they switched from Ad income to gambling income. The strategy should be to start with something that would have a sustained income to pay very well to draw a large user base.  Wink
9  Bitcoin / Bitcoin Discussion / Re: COVID-19 Vaccine Will Cause Bitcoin Crash on: September 16, 2020, 05:22:50 PM
I am a big fan of Robert ..... but I think this time he might be wrong. His book "Rich Dad Poor Dad" was a best seller for many years.... because it added value to the world. (It gave people hope) ..... but his other books was a bit of a let down.  Roll Eyes

I would have agreed with Robert, if there was a huge spike in the Bitcoin price after the virus pandemic started... but there was only a slight increase and even a cool down after that. People did not really run to Bitcoin as a safe haven during this pandemic.... so there will not be a "crash" caused by those investors withdrawing their funds from Bitcoin... if the vaccine is found.  Wink
10  Economy / Economics / Re: Covid economic impact - How can Bitcoin help to boost global economy? on: September 16, 2020, 04:19:00 PM
I think one of the things that Crypto currencies and Bitcoin can do, is to create job opportunities that can be done from the comfort and safety of people's homes. People are also scared to go to shopping malls and outdoors, so for businesses to reach them with their advertising is more difficult now.... and TV ads are too expensive for most smaller companies.  Wink

The move to digital media and the Internet was boosted by this pandemic and I think businesses will have to adapt or they will have to close their doors.

I would like to see more projects where global "micro payment" come into play and you get people from poor 3rd world countries.. working for micro payments online. (It can be capped to counter bots or misuse.)  Wink
11  Economy / Economics / Covid economic impact - How can Bitcoin help to boost global economy? on: September 16, 2020, 12:09:57 PM
So by now every country in the world has been hit by financial difficulties and an increase in unemployment. Most countries are trying to print more toilet paper fiat money to boost the economy, but that is only a temporary remedy for a much larger problem. (It is a lot like putting a finger in a hole in a dam)

How can Bitcoin help to reduce unemployment and also to boost the global economy? If we find the answer to this question, we will have found a reason for people to rather use Bitcoin than cash. (Do not list Bitcoin's ability to act as a Safe haven against inflation, because that is not guaranteed)

Let's brainstorm a bit and see how Bitcoin can make a real difference, when it is really needed.  Wink
12  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum Classic was hit with another 51% attack on: September 16, 2020, 11:15:59 AM
This is one of the main reasons why I do not invest heavily into smaller Alt coins. Some large mining operations can quickly swap some hashing power and perform a 51% attack, if they have to ..or.. if they have some hidden agenda. The $4,860 per hour is nothing to them, if they want to "kill" the competition.

One sustained attack, would ruin these smaller Alt coins/forks and we even saw some people trying to do that with Bitcoin in the fork war period. (renting hashing power to support a specific fork)  Roll Eyes
13  Bitcoin / Press / Re: [2020-09-12]Researcher kept a Bitcoin bug secret for 2 years to prevent attacks on: September 16, 2020, 07:38:15 AM
Is there some kind of reward for people to receive if they find vulnerabilities like this? Who would be funding such a reward, if it does exist?  I know exchanges and wallet providers will offer a reward, if someone finds an exploit in their code, but we know where they get there funds from.  Wink

In any way, most people are invested in Crypto currencies that has the knowledge to find these so-called "bugs" ...so it is in their best interest to keep it a secret, because it will have a major influence on the value of their own hoard.. if the exploit is made public before it is patched.  Wink
14  Bitcoin / Bitcoin Discussion / Re: Bitcoin’s Energy Consumption Grows, Now Comparable to Czech Republic on: September 16, 2020, 05:54:32 AM
Oh my gosh!.... not this again.  Roll Eyes

Tell me something... What adds more value to the world... all the electricity spend on kids playing online games with powerful GPUs or powering a decentralized payment system that are global and free to use?

Also, how much electricity does the whole Fiat Banking system use, compared to Bitcoin's total hashing power? (Let's add the electricity used to manufacture coins and electricity used to power CCTV/AirCon in buildings/Light/Coffee machines/Photocopiers and Servers and computers ..... shall we list the rest?)

They should really compare Apples with Apples, when they want to bash Bitcoin's electricity usage.  Wink
15  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: September 15, 2020, 03:43:47 PM
Is there a maximum amount you can bet on the dice game and what is the maximum Freebitco.in would pay out, if people win really big amounts? Would Freebitco.in have to scatter the withdrawals over a period of time to pay out the winnings or will they pay everything in one payment?

What is the biggest payout that Freebitco.in have ever paid out, apart from the Lambo draw winnings in BTC? ( Is the payouts automatic or do you flag certain withdrawals at a specific amount for manual payouts? )

Most of the other casinos have a policy of splitting large payouts.
16  Alternate cryptocurrencies / Altcoin Discussion / Re: New projects and their unreal excuses on: September 15, 2020, 12:19:02 PM
Scammers was always giving excuse after fail their project. It's not a new thing and At this moment, they add Covid-19 in their list which is greater excuse for this year. I've experienced lots of project, some of them postponed their token sell, some of them lazying for development to their project even some of them cancle the whole project by showing lame excuse of corona virus when others are going ahead with their projects without any trouble

You cannot say for a fact that all of these failed projects are using the Covid-19 pandemic as a scam, because you do not know what the reasons behind each failure are. Yes, some of them might use it as an excuse, but I know of several projects where the disruption was so huge that it halted progress.

Remember, when a relative die as a result of this virus, people that are left behind, goes through a mourning period and several are just too depressed to concentrate on projects to continue. They also have to concentrate on arrangements for the funeral and also to support their own family members.

This is why the employer grant these employees some Family responsibility leave to deal with that loss and also with everything that are linked to that.  Sad
17  Alternate cryptocurrencies / Altcoin Discussion / Re: New Most Exciting Defi Project To Look Out And Can't Afford To Miss Out. Earn on: September 15, 2020, 09:35:15 AM
When a "newbie" comes to the forum to promote a dodgy Defi project with no identifiable team behind it, then you must know that something is fishy. Please people, learn from the mistakes made during the ICO Boom period, back in 2016/2017...

During that time a lot of ICO's popped up without known developers backing these projects and loads of them simply vanished into thin air. Yes, Defi projects are the trend now and the people who gets in quickly, makes some profit... but there are going to be millions that would be losing money... and that hurts the most.  Sad Sad Sad
18  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum Fees Rise 70% to Continue Record-breaking Streak on: September 15, 2020, 08:41:43 AM
The moment when the Defi bubble burst, the Ethereum price will go down and also the gas price, but before that happens.. the transaction volume will push up the gas price and people will have to wait it out.

The same thing happened in 2017 with the Bitcoin price, when there was a ICO boom period. The ICO projects pushed up the Bitcoin transaction volumes and the Bitcoin price reached record high prices and the Miners fees went through the roof.

The funny thing is... Ethereum supporters laughed at Bitcoin back then and now they are struggling with the same scenario.  Roll Eyes
19  Economy / Economics / Re: "Warren Buffett invests $6 billion in Japan's five biggest trading houses" on: September 15, 2020, 07:04:27 AM
Warren Buffett has always said that he would invest in things, when other traders are running away from it. The smart thinking behind this is actually very clever, because he invest in markets when it is on a decline ...because he wants to buy at a very good price.

Before he buy anything, he looks at the "recovery potential" of that market and that is very important. Japan is basically a 1st world country with a very disciplined work force, unlike many 3rd world countries ..where corruption is rife and those markets would possibly take ages to recover after this pandemic.

He knows Japan will recover a lot quicker than most of these 3rd world markets, so his return on investment (ROI) will be much quicker.  Wink
20  Bitcoin / Bitcoin Discussion / Re: Storing your Crypto in Exchanges is better than using Cold Wallets! on: September 15, 2020, 05:44:09 AM
Totally disagree with you OP...

All hardware wallets come with a Seed and this seed can be used to recover your coins/tokens onto other wallets, in the event that something goes wrong. (So you not going to lose your coins, if something happens with Ledger or any other hardware wallet company)

Hardware wallets are VERY secure, compared to Exchanges and Wallet providers that gets hacked every other day. (Even the big companies, like Mt Gox)

Exchanges have employees working for them and these employees can be forced by criminals to help them to get to your coins. The hardware wallet manufacturing process takes the "human" element out of the scenario and this helps to protect your "Private Key".  Wink
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