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981  Bitcoin / Bitcoin Discussion / Re: Is Bakkt the Future of Bitcoin and cryptoworld? on: February 28, 2019, 05:26:57 AM
people who say it is, are clearly forgetting that things such as Bakkt are very centralized and  they are the exact thing that we have been trying to avoid when we created bitcoin. in other words they are unnecessary services that will exist and the number of them will only grow as bitcoin itself grows bigger and bigger every day. but they are not the future. the future of bitcoin is (as it always has been) more decentralization and less government or any other centralized entity's involvement.
982  Bitcoin / Bitcoin Discussion / Re: Bitcoin and other cryptocurencies are not necessary says Chinese people on: February 28, 2019, 05:14:56 AM
this is not even FUD, it is nonsense mainly because OP has no source and also because the evidence is against his fake claims. we have seen this in the past couple of years that Chinese people have shown the most amount of interest to bitcoin and that in all of its aspects not just one. from trading to mining and as a currency they do it all! so saying they "say it is not necessary" is pure bullshit.
983  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin Satoshi Vision (BCHSV) on: February 27, 2019, 08:23:09 AM
as a rule of thumb any coin that is forking from another bigger (original) coin and still uses its name and its blockchain (transaction history) is considered a shitcoin because in this way you aren't actually creating a coin, you are creating a parasite that is feeding of the fame of that original project.

in case of bitcoin-cash-sv it is the biggest shitcoin of our time so far. because it is not only abusing the name of bitcoin but also it is abusing the name of the creator (Satoshi Nakamoto) and on top of that it is mainly created and controlled by a big scammer with the name of Craig Wright.
984  Other / Meta / Re: spam attack! what is it acheiving? on: February 27, 2019, 08:17:43 AM
For the sake of spam, of course. It would be neat for the IPs of these accounts to be blacklisted in order for them to pay in creating accounts, but then again they could as easily be using VPNs.

It most probably is impossible to ban through IP addresses since obviously these accounts are using lots of different IPs otherwise they wouldn't have been able to be registered with that kind of short intervals.
985  Economy / Speculation / Re: Samsung Galaxy S10 Crypto Offering A bullish sign? on: February 27, 2019, 07:11:30 AM
haha, this would only lead to a rise if you think random people on the street reading this are going to start buying bitcoin. do you really think that?
obviously the random people who aren't yet familiar with bitcoin don't even care about this news. it may create some interest in them as to what this new thing in Samsung's advertisements is but not enough for them to think about actually buying bitcoin yet. specially with all the FUD that is scaring them off these days.

Lol well to be fair, if people found some random feature on their shiny new phone, it's likely they'd want to try it out. I don't think it's projected to be a smash hit for adoption or anything, but putting crypto within reach of a new set of people can't be a bad thing. Samsung is also quite reputable as a brand, and that may help convince some skeptics to give it a chance.

I don't think we're going to be feeling any immediate effect from this, but it's pretty huge and could even make other vendors follow suit. Let's hope it works well and catches on. If implemented well enough, it will also make Bitcoin more portable, and therefore better suited for point of sale transactions.

but it is not just a feature that you could "try". it is a feature that requires "spending money" to try. which means signing up on an exchange, verifying your identity, waiting for the time required for them to accept you and then transfer funds from your bank to exchange, wait for that to complete, then buy bitcoin and transfer it to that "feature" and try it out!
this is the main reason why i said it is not going to happen for people who don't have prior familiarity with bitcoin already.
986  Other / Meta / spam attack! what is it acheiving? on: February 27, 2019, 06:53:38 AM
usually when i see some spam bot or someone spamming with brand new accounts, it is for farming accounts for future use. but this one seems pretty strange and i can't think of a reason why anybody would do this:
basically different topics are being spammed with the same string with similar looking accounts:
In the future, I think cryptocurrency will grow more and more because of the growing demand of human beings.



reported a bunch of them but it doesn't seem to stop...

how is it even creating this many accounts with 2-3 minute intervals?!!!
https://bitcointalk.org/index.php?action=profile;u=2546873
3 min later registered:
https://bitcointalk.org/index.php?action=profile;u=2546875
2 min later registered:
https://bitcointalk.org/index.php?action=profile;u=2546878
3 min later registered:
https://bitcointalk.org/index.php?action=profile;u=2546879
987  Alternate cryptocurrencies / Altcoin Discussion / Re: What if 5 head of the big country are Cryptocurrency supporters? on: February 26, 2019, 03:31:08 PM
in other words you want this shitty situation with altcoin market which is filled with useless coins that only get pumped and dumped continue but only some big countries support it so that it can get hyped up temporarily and get pumped big time so that you can make a quick profit?!!
that is what you are saying!

if you want to make profit and don't lose it to dumps the next day, instead of hoping for some hype that never happens you should start hoping for good projects that deserve rising for real so that they don't get dumped the next day as everyone cashes out.
988  Alternate cryptocurrencies / Altcoin Discussion / Re: ICO still have huge chance of surviving on: February 26, 2019, 03:17:16 PM
sorry to disappoint you but there is not a single chance in hell that ICOs even survive until the end of this year let alone have a chance of surviving! the only reason why the bittorrent ICO was a moderate success was because of the huge name of the company (brand) that was behind it which people have forgotten that it was a bought name not the original company name.
other than that, ICO is a dying thing because it doesn't do anything and it doesn't have any reason to even exist. not a single dollar raised through thousands of ICO has ever been spent constructively that is another big reason why they will disappear.
989  Economy / Trading Discussion / Re: Should we call it a trend or a wave? Or something else? on: February 26, 2019, 03:04:05 PM
these people you are talking about regarding showing "interest",... are only a very small part of the market and they usually are referred to as newbies or weak hands or both. they don't matter because they are too small and ineffective. so they shouldn't be used as any indication either.

this is how bitcoin has always worked in the past 10 years. it is always on a constant rise despite what the price charts may look like because it is constantly growing and being adopted. but sometimes this growth happens faster so we see spikes and these spikes need correction and that leads to a slow market with temporary downtrend before bitcoin goes back to its normal rising mode.
990  Economy / Speculation / Re: RIP Bull Market on: February 26, 2019, 02:56:11 PM
It is very fast that the bull run of crypto market easily fade away. Maybe just a day ago, it is going well and smooth running good like its little by little recovering. But now, it went down again. Despite the situation happens like this, I still have hopes that it will bull run soon.
Well it is slow but I am happy that it is moving steady because drop and drop combines to make river, so have patience and better if you wait, slow recovery is only because last year price has been falling too much because of panic selling so it will take little time to recover but it will surely bull run very soon, so wait and hope for the best, bearish is almost end in 2019.

I do not see any end to bearish market. You can see that bitcoin tried to cross 4200$ but then again dumped to 3700$ yesterday. It take a few days for bitcoin to pump up 200 to 300$, but when it comes to dump, it just takes 15 mins to dump 300$. This is the sign that we are in bearish market and no one knows when this trend will end.

first of all $200-$300 in bitcoin is about 5% and it is not called "pump and dump"! pump and dump is what happens to altcoins when they artificially go up 100%-1000% and then get dumped back down the same amount and die.

secondly that is how "the end of bear market" looks like. you shouldn't expect to wake up one day and see price has done a sharp reverse and is shooting up!!! that is not going to happen ever not just in bitcoin but in any other market. the "end" is always a slow change when price has some small rises and many drops before it breaks out and starts the rallies.
991  Economy / Service Discussion / Re: Tipping in bitcoin for creating content about crypto on: February 26, 2019, 02:45:38 PM
no! and the short answer is "steemit".

it is simply because this types of incentivizing people to come to some new platform is going to ONLY attract spammers who will lower the quality of the platform itself and eventually nobody even bothers visiting that place anymore. look at steemit for example. the initial days people were excited because it "looked good" but eventually as it was filled with spammers every single link that comes from that site is currently considered bullshit and is ignored by most of the internet.
992  Bitcoin / Bitcoin Discussion / Re: Central bank power on bitcoin? on: February 26, 2019, 02:37:55 PM
but bitcoin is not a "main currency" and it will never be because it is not planned to replace anything. so starting a hypothetical question like this is of very little value in my opinion. not to mention that the financial crisis happens because of the debt that the banks created in the society and they will continue doing that while nobody is stopping them. with or without bitcoin they will create a very similar situation and turn everything into shit again!
993  Alternate cryptocurrencies / Altcoin Discussion / Re: Building Passive Income with Masternodes on: February 25, 2019, 07:49:06 AM
every time some newbie starts advertising about masternodes and some shitcoin they intentionally always avoid mentioning the high risks of this design.

for starters a masternode is basically you keeping a very large amount of funds in a hot wallet. and everyone already knows how high risk that move is. you can easily get hacked and lose all your funds even with a lot of security in place.

then we have a big fact about altcoins which is their pump and dump-y nature. you have to buy a large amount of that shitcoin you want to run a masternode for. in that case you have to have a big stake in it and when it gets dumped (which is a matter of when not if, since it is inevitable) you will lose a huge amount of money because you have a large stake in it.
994  Economy / Speculation / Re: Samsung Galaxy S10 Crypto Offering A bullish sign? on: February 25, 2019, 07:18:23 AM
haha, this would only lead to a rise if you think random people on the street reading this are going to start buying bitcoin. do you really think that?
obviously the random people who aren't yet familiar with bitcoin don't even care about this news. it may create some interest in them as to what this new thing in Samsung's advertisements is but not enough for them to think about actually buying bitcoin yet. specially with all the FUD that is scaring them off these days.
995  Bitcoin / Bitcoin Discussion / Re: Religion and politics divide people yet bitcoin unites them on: February 25, 2019, 07:05:22 AM
How about those people that are living in a third world country and most of those people are not literate in terms of new technological innovation in our society and do not have the means to buy a smartphone or laptop, are they able to use Bitcoin or other forms of Crypto currency?

actually a lot of the people in third world countries have computers and smart phones. it is not the latest or strongest versions. for example they don't have a core i7 with an expensive GPU or the latest iPhone release but they still have a PC and a smart phone that is cheaper but still does the same thing for them.
in fact a lot of them even have bitcoin in their wallets! they show the most interest in bitcoin compared to others at times. look at India and Venezuela and some African countries for example.
996  Economy / Speculation / Re: RIP Bull Market on: February 25, 2019, 06:57:58 AM
r.i.p bull you will be missed  . it takes forever to climb on top but it only takes one trade to go down . ;(

1 trade, are you kidding me? do you think market is tiny with only a one $1 buy order keeping the price there?

the drop took more than a year to get to the current price and in the past month it has take millions of dollars to keep it in $3k range and now it is breaking out. it won't feel like it now but you will see it soon.
997  Alternate cryptocurrencies / Altcoin Discussion / Re: What are altcoins backed by? on: February 23, 2019, 06:49:58 AM
To explain more, for e.g., we hear that the USD was backed by the convertibility of this currency to precious metals until 1971. Now, what are altcoins backed by such as Ethereum or Litecoin?
fiat is centralized that is why it has to be backed by something, otherwise it becomes worthless. cryptocurrencies that are decentralized don't need that so you shouldn't compare them to each other.

as for ETH and LTC, their values are only based on purely hype and the pumps and dumps they get since although they may have some small utilities that they offer but it is not meaningful enough to give them any meaningful value.

Quote
Are mathematical calculations performed by ASIC miners any useful in the real world?
your question is unclear. ASIC is a general term referred to "Application-specific integrated circuit" and these machines do a lot of different things depending on what they are  designed to do. you can read this for more information: https://en.wikipedia.org/wiki/Application-specific_integrated_circuit
998  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Can an exchange that requires KYC call itself as DEX? on: February 23, 2019, 06:33:47 AM
absolutely not.

one of the main characteristics of a decentralized system is that it is permissionless. which in simple terms means you don't have to get the permission to use that decentralized system from any authority which in this case translates into not needing KYC. and if they do enforce it and have a way of preventing you from using that platform if you don't give them any KYC documentations then it means it is NOT DEX.
999  Economy / Speculation / Re: Bitcoin Price Plunge to $3,700 Expected, Say Traders on: February 23, 2019, 06:17:03 AM
the terminology that these shitty news sites such as ccn use are so funny sometimes Cheesy

"plunge" to $3700. and the even funnier part is that this kind of drop is not even considered a "plunge" in any other market. if you for example tell some expert stock trader that some asset "plunged" 1-2% they will laugh their asses off, and if you tell them it was bitcoin they will probably die of laughter since we don't even consider 10% a "plunge" let alone a tiny 1-2% drop.
1000  Bitcoin / Bitcoin Discussion / Re: How much Bitcoin will be circulated within 2030? on: February 23, 2019, 06:06:35 AM
Bitcoin circulation every 4 years will always decrease from half, and that will definitely happen to reduce the circulation of bitcoin, and I think after 2030 the circulation of bitcoin will be around 225.
Is it true? then whether bitcoin can return to the way it used to when the circulation continues to fall.
There will be many miners who choose to stop mining bitcoin if this is the case, and the bitcoin forecast will develop 10 years later will be lost

nothing about what you two said are correct.
the circulation of bitcoin does NOT decrease. it is constantly increasing. what is decreasing and the first person is confusing it, is the new coins that are being created. meaning in early days (the first ~4 year) 7200 new BTC was being created per day approximately, and after that it halved to 3600 and now it is 1800.
i don't know where he even brought 225 from!

as for the second comment, miners won't leave because price is also rising with this change. for example when the reward/day was 7200, price was less than a dollar on average. so it was $7200 per day.
now that it is smaller at 1800 reward/day they are earning more than $7 million on average per day.
and that will only increase with time as bitcoin grows.
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