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September 18, 2019, 09:12:19 PM *
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1  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: 90% Discount On Buying Bitcoin On KuCoin Exchange on: September 13, 2019, 06:59:29 PM
150 BTC total?  If that is all they can afford I'd question the viability of the exchange.
2  Bitcoin / Bitcoin Discussion / Re: Ex-Trump Advisor Steve Bannon: ‘Global Populist Revolt’ Helps Crypto on: September 13, 2019, 06:57:03 PM
Libra is a different beast. It's not decentralized and not censorship resistant.  Crypto is important because it takes power away from self-appointed power-hungry people and gives it to the regular people making it harder to take from them by force.  It's about freedom versus control. Authoritarianism versus liberty.

3  Bitcoin / Bitcoin Discussion / Re: [2019-09-10] CNBC’s Ran NeuNer Nails One of Crypto’s Biggest Flaws on: September 11, 2019, 02:35:29 PM
Perhaps the flaw is in the way Ran is explaining it?  Few people need to know how the internals of bitcoin work.  Few people, for example, need to understand that "addresses" really don't hold bitcoins, but bitcoins are a product of inputs and outputs.  People don't need to understand how CPU, GPU and now ASIC mining work specifically, just that it is a complicated function that can't be forged which provides security to the network.  The details don't matter. 

Just as the average person doesn't need to know everything about fiat, from the anti-counterfeiting protections, to how banks transport cash, to how the central banks inflate value away (they should know that part), etc.  Or most people couldn't explain all the parts of an automobile engine, or the internals of a television.

So, it isn't a flaw in bitcoin, it is someone with a poor understanding of what people need to know not doing a good job explaining what they need to know.
4  Bitcoin / Press / Re: [2019-09-07] Bitcoin Trading is now Banned in Burundi on: September 08, 2019, 02:23:25 PM
Trading vs using vs holding for investment purposes vs development vs ... .

At least (assuming the article is accurate which is often doubtful) they are leaving several options available.  Not that it really matters to the world at large, but probably really matters to their citizens.
5  Bitcoin / Bitcoin Discussion / Re: Cheaters . who caused the cryptocurrency to go down on: September 07, 2019, 11:07:10 AM
What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

It's actually long overdue, the industry needs transparency and regulation, but the big question is the structure and who will run the regulation, and how transparent they are going to be, remember we all thought rating sites are going to help us scrutinize every project, but they end up conniving wit these dubious projects.

IEO is a lifesaver for investors if not for this, investors will turn their back to crowdfunding and they will just buy coins in the market.

It isn't really clear what OP is talking about, but the industry just needs people with common sense.  People who think it is reasonable to "earn" 5% per day with no risk don't have that.  Likewise these projects if they are awarding coins without doing some due diligence have no reason not to expect to get taken advantage of.  It is the projects that need to reform their practices.


6  Bitcoin / Press / Re: [2019-09-02] Argentina capital controls, a strong case for bitcoin on: September 06, 2019, 09:43:38 AM
@cr1776. It will then be their political class' fault if they lose the trust of the people. In the next election or the next change in regime, the people will choose the opposite of the incumbent. I have read about a country electing a murderer for a president. I reckon the president before him must be learned, belonging to a political class but very corrupt and who failed his people.

It may be the political class' fault but if the history of Argentina tells us anything, the people won't choose the opposite, they will choose more of the same:  voting for the people who promote envy and promise "free" stuff.

7  Bitcoin / Press / Re: [2019-09-02] Argentina capital controls, a strong case for bitcoin on: September 05, 2019, 10:57:10 AM
If Argentina will use bitcoins in order to build economic potential it will be just fine, both for traders and for the country itself

Argentina won't. Their power-hungry political class won't let them.  They have demonstrated that for many, many decades.  Likewise, many citizens won't let them because they want "free" something so they'll continue to vote for socialism, fascism etc because they are greedy and want someone else to pay for their own choices and the consequences of those choices.

Individual citizens of Argentina might do so though, through self interest and individual choice.  That probably won't save Argentina, but it will save those people who are smart enough to make intelligent choices.

Nothing will save Argentina, Venezuela or anywhere else in the world as long as people think they have the right to vote themselves money that someone else earned.

8  Bitcoin / Bitcoin Discussion / Re: US-China Trade War Makes Bitcoin More Attractive to Investors on: September 04, 2019, 10:48:29 AM
in my opinion no one can benefit, because the trade war that emerged from the handling of US and Chinese relations by the US President, Donald Trump, once again has an investment class that views cryptocurrency as a potential vehicle for economic survival. The Bullish shift to Bitcoin is undoubtedly related to the market cycle of the severe Bearish period which is coming to an end, but the geopolitical implications of the global economy have changed over the past eighteen months.

If one has to play hardball to get truly free bilateral trade, everyone will win eventually because freedom and its corollary free trade, benefit the world.  One can bend over for only so long before it is time to put an end to it.
9  Bitcoin / Press / Re: [2019-09-02] Argentina capital controls, a strong case for bitcoin on: September 02, 2019, 09:21:55 PM
JFK?   You can't be serious he was a drugged-up stooge on the path to socialism. 

well, let's be fair:

they're mostly drugged up, all stooges, and all more than half way there to socialism

Fair enough. Lol.

The ones who are full on board (e.g. Bernie, Warren, AOC, et al) are the ones who couldn't make it in the real economy so need to use force to impose their ideas on everyone else. Socialism-ideas so good they have to be imposed by force. (Applies to any form of authoritarianism - fascism, communism etc).
10  Bitcoin / Press / Re: [2019-09-02] Argentina capital controls, a strong case for bitcoin on: September 02, 2019, 07:35:43 PM
One wonders why more Argentines don't take money off shore or use bitcoin, because although the politicians keep saying "this time is different", it really isn't.
One wonders why more Americans/Germans/Brits/insert Western country here don't do the same. Everyone the world over is being fed the same lies - "this time it's different", "we're all in this together", "working for you", "make us great again", blah blah blah. And every time the politicians get more corrupt, the banks consolidate more control, the rich get richer, and the average people suffer. The economy tanks and the banks and billionaires use it as an opportunity to buy up more assets cheaply, while large portions of society struggle to keep up with their bills or feed their children. Who cares about the poor dying though, right? Think about the profits!

He made the mistake of trying to upset the rest of the established power structure, and someone was sufficiently pissed to have him murdered.
At least back then they went to the effort of making it look like it was a Soviet defector who did it. Now they can just openly murder people like Epstein in his cell and nobody can touch them.

Agreed. Everyone should be doing it, just some people have a little more urgency.
11  Bitcoin / Press / Re: [2019-09-02] Argentina capital controls, a strong case for bitcoin on: September 02, 2019, 04:38:46 PM
I don't understand where the competent people have gone. These days it's either psychopaths or the fractious and ineffective.

Politicians are just pawns in the hands of the powerful who use them to control people and pass laws to control them. This is particularly pronounced today, it is enough to look at who leads the most powerful countries in the world, these are certainly not people who have the honor, morals or feelings for the people. There have been good politicians in the past (JFK), but they don’t last long in a world like this.

I do not see how people in Argentina can just like that switch to BTC, capital control means that they can exchange their domestic currency in limited amount every month for $, but this restriction is quite sufficient for ordinary citizens. People still choose to buy fiat ($), rather than BTC, and I do not believe that will change so easily.

JFK?   You can't be serious he was a drugged-up stooge on the path to socialism. 
12  Bitcoin / Press / Re: [2019-09-02] Argentina capital controls, a strong case for bitcoin on: September 02, 2019, 10:12:35 AM
Argentina has been mismanaged for decades, they keep selling bonds and then defaulting. And yet the people of Argentina keep electing the same old statist/progressive/fascist/socialists and wondering why the results aren't different.

One wonders why more Argentines don't take money off shore or use bitcoin, because although the politicians keep saying "this time is different", it really isn't. 

When the people vote for something for nothing and envy (envy isn't one of the seven deadly sins for no reason) they will keep getting nothing for something and always be much worse off than if they voted for freedom.
13  Bitcoin / Press / Re: [2019-08-31]Bitcoin Scam Orchestrator, Who Stole Nearly $68 Mln, Beaten to Death on: September 01, 2019, 10:24:27 AM
If someone will steal with you, they'll steal from you.
14  Bitcoin / Press / Re: [2019-08-28] Nearly Half of the Funds Sent to Bitcoin Mixers Come From Exchanges on: August 31, 2019, 04:20:08 PM
This is proof that people still care about their privacy, even with KYC/AML and chainalysis itself.

Imagine what'll happen if government knows you donate to certain group (politic, religion, etc.) or whoever receive a payment from you know how much Bitcoin do you have.

..l

Hence why FB etc want Libra so that they'll be able to have a product they can also provide the governments. 

There is some cognitive dissonance going on within the governments of the world:  do we care more about knowing everything people are spend money on or more about controlling the money supply. 

Right now controlling the money supply wins because they can get the rest of the information other ways. 
15  Bitcoin / Press / Re: [2019-08-28] Bitcoin And Cryptocurrencies Are A Hedge For Bad Government on: August 29, 2019, 05:20:31 PM
there is no place that is safe from power hungry, inflation loving central bankers plus the power hungry politicians who are more than willing to sell their citizens out in order to enrich themselves.

let's not forget that there are citizens who'll sell out fellow citizens also, especially in pressured circumstances.

when the built-up problems in the centralised manipulated markets are finally and fully released, there's gonna be some desperate people out there, that could be much more amoral than you remember them before the mother of all recessions.

Agreed.  There are lowlifes all over the place.
16  Bitcoin / Press / Re: [2019-08-28] Bitcoin And Cryptocurrencies Are A Hedge For Bad Government on: August 29, 2019, 01:14:26 PM
Everyone world-wide should own some crypto because there is no place that is safe from power hungry, inflation loving central bankers plus the power hungry politicians who are more than willing to sell their citizens out in order to enrich themselves.

Venezuela and Hong Kong are great current examples of why the time to prepare is well before the storm hits.
17  Alternate cryptocurrencies / Altcoin Discussion / Re: Justin Sun Makes a Bold Statement on Facebook’s Libra on: August 27, 2019, 06:53:55 PM
Libra adds nothing to the cryptoverse. It is centralized and not censorship resistant.  It will enable FB etc to control access to one's money based on bans, shadow bans or social credit score.  Anyone who uses it will be eventually parted from their money if they ever express anything that offends the powers that be.
18  Bitcoin / Bitcoin Discussion / Re: Burn Satoshis coins to end the threat of prices crashing - Paxful Founder on: August 21, 2019, 04:26:19 PM
Paxful founder Ray Youssef has tweeted a bizzare idea in which he wants the community to burn Satoshis coins, so the threat of prices crashing due to Satoshi revealing himself and selling his coins goes away. While I understand that if Satoshi were to sell his coins crypto prices indeed will crash, but in the end it’s his creation and his coins no one should decide for him. What are your thoughts on this should the community support this bizzare idea, or voice their opinion and keep Satoshis coins safe?.

Source: https://finance.yahoo.com/news/paxful-founder-makes-wild-proposal-161450915.html

An idiotic idea.  Once the principle that we can burn someone else's coins becomes enshrined in bitcoin, anyone's can be burned.

Anyway, anyone who did this would create an alt-coin and would be forked off the main chain because anyone with an ounce of intelligence knows it would destroy bitcoin.
19  Other / Beginners & Help / Re: Storing Bitcoin In Bitcoin Core wallet on: August 19, 2019, 10:42:16 PM
Whats your opinions on storing bitcoins in the Bitcoin core wallet on a home PC with a strong password and regular malware scans?

Much depends on the OS you are running. If you are running a current version of Linux or macOS you'll be in better shape than Windows 7 for example.

What else is running on your machine?  On your local network?  What firewall and router are you using?  Is it connected to the internet?

There are many variables.
20  Bitcoin / Bitcoin Discussion / Re: Who are Bitcoin users today? Who are you, %username%? on: August 17, 2019, 11:22:06 AM
A few points:
- Anonymity and decentralization are complimentary both are important and decentralization helps anonymity.

- "Non of above". Typo

- "Do you have one (or more) bitcoin address which you regularly use? Be careful by bitcoin address we mean bitcoin address, not a wallet".   It isn't clear what "regularly" means.  Some places you ask about weekly, monthly etc. Is that the same here?
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