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July 09, 2020, 02:39:00 AM *
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1  Bitcoin / Bitcoin Discussion / Re: If Bitcoin is safe-haven, why mirror the price movement of the U.S stocks? on: Today at 12:21:50 AM
If you start giving people free money and or lend it to them at extremely low interest rates, and you'll start seeing asset classes correlate in their movements, regardless of what they are.  That's my layman's opinion about what OP's brought up here.  I don't think gold and bitcoin have a strong, long-term connection.  What that graph shows is a short-term correlation of two assets caused by macroeconomic conditions (as far as I can tell).

Bitcoin is certainly NOT a safe-haven asset.  Gold?  I guess it's as safe as any speculative asset can be, though there's still no guarantee that it's going to preserve any given person's wealth, as it depends on what price you got in at.  Anyway, that's a debate which has been done to death IMO.
2  Bitcoin / Bitcoin Discussion / Re: My hardware wallet was seized by US customs. on: July 07, 2020, 01:35:21 AM
In recent years, in some countries of the world, customs have been supervising not only postal packages containing electronic equipment, but also personal electronic items such as mobile phones or laptops.
And that's a bunch of bullshit, as is the experience Jet Cash went through.  Taking a hardware wallet on a plane or having it sent somewhere?  So what?  If you wanted to move huge amounts of money, you could just send bitcoin to someone in another country instead of flying it over.  There's no need for any government agency to know how much you've got on that wallet (and it's a damn good thing they'd have a hard time figuring it out themselves with just the wallet to work with).

Good to see you active here again, Jet Cash.  I'd wondered where you've been lately.
3  Economy / Reputation / Re: To all DT1 members | Interesting negative feedback from JollyGood! on: July 06, 2020, 06:48:49 PM
The OP doesn't deserve red trust. Ignore - fine. Excluding from trust lists - probably advisable. Red trust due to posting in Vispilio's thread? No. That looks like red trust for an opinion.
Agreed.  I'm not saying JollyGood is wrong in what he's saying (I actually don't know the facts so I don't have an opinion) but ignoring and/or excluding seem like better options for him to take.

Also, I don't think this issue reflects on DT as a whole.  You don't see a lot of negs being left for differing opinions these days, and you're seeing DT members disagree with another DT member for doing that right here. 

Looks like this has been resolved, which is surprising to me but refreshing.
4  Economy / Reputation / Re: Merit begging or complain on: July 05, 2020, 04:56:11 PM
Just ignore it.
And block his PMs if they continue to come, which I doubt they will.  I've received odd, almost random PMs by members like this one before and I don't think it's a huge deal or even a major annoyance worth reporting.  That guy didn't seem to be merit begging, just complaining to you.  If you wanted to be a really nice person you could take a look through his post history and see if there's anything there worth a merit or two.

I might do that myself, actually.  I won't give out any charity merits, but it's possible he's made at least one or two decent posts.

Edit:  Jesus, even a brief glance at his post history shows that he's a full-on shitposter and my guess is that he's not a member of bitcointalk because he's a fan of bitcoin but rather because it represents a work-from-home job.  And looking at his trust, it would appear he's cheating at that anyway.  No merits from me.
5  Economy / Economics / Re: Privacy Coins and The Shadow Economy on: July 04, 2020, 11:52:34 PM
The privacy coins will allow anyone to achieve true freedom and financial sovereignty that was never thought possible before.
In theory they could do this, but my guess is that in practice there are very few people around the world using privacy coins for much.  If people own a coin like PIVX it's probably just to earn through PoS or to run a masternode or whatever, not to bypass any laws.  I'm not even sure you can buy anything on the dark web with privacy coins, where you'd think they'd have the most utility.  Last I heard, bitcoin was the primary crypto accepted for illegal crap.

But who knows?  Things might be kinda bleh for privacy coins now, but that could change if more people start getting into not just bitcoin but cryptocurrency in general.  There's certainly a use for them that's not being taken advantage of at present.

Sometimes I have a feeling I'm listening to some kids planning on building a fort from cardboard boxes.
LOL.  I get the same vibe sometimes.
6  Other / Meta / Re: Video tutorial needed for newbies on: July 04, 2020, 06:58:05 PM
I do not see any reason to change the text color.
Same here--I have a dark mode going in my browser and blue-on-black definitely isn't a great combination.

There was some talk by Theymos a while back of creating a Youtube channel, but nothing ever came of it that I know of.  I'm pretty sure that was supposed to be way more than a tutorial, but had a channel been launched a walkthrough probably would have been a nice feature that a lot of folks would likely view. 

OP, nothing is likely to come of your suggestion simply because Theymos doesn't make a lot of changes and doesn't tend to do things like what you're proposing, but it isn't a bad idea.  Maybe someone with a healthy amount of ambition and forum spirit could produce something along the lines of a video tutorial.  Where's Jet Cash when you need him?
7  Bitcoin / Bitcoin Discussion / Re: Australia post office now accepts Bitcoin on: July 04, 2020, 03:49:49 PM
Keyword: may be
The article also says you'll be able to buy bitcoin at post offices, and that'd be kind of neat if it came to fruition.  Not that I'd be able to take advantage of any of this since I don't live in Australia, but it would definitely be some progress toward mass adoption.  Then again it could well be a service that disappears if few people use it--and that's always a possibility, just like all those retailers that stopped accepting bitcoin after finding out that there isn't a big demand to spend it.

Still, kudos to the Aussie PO for at least considering this.  I don't think the US is going to see something like their post office selling bitcoin anytime soon.  And they probably should, since they're on the brink of bankrupcy as it is.
8  Economy / Economics / Re: Which is better, staking or investing? on: July 01, 2020, 05:41:58 PM
Staking is a form of investing, you'd need to specify what form of investment to compare it with.
That's what I was thinking--this question is a false choice, since when you buy a PoS coin to stake you're investing in that coin.  Not quite sure what OP is asking in that case.

PoS coins aren't very popular on this forum from what I've seen, but I happen to think they're pretty cool.  The main problem I see is that there's no barrier to entry as far as someone wanting to create his own staking coin, and so far the result of that fact is that there are quite a few of them on the market.  To me that means a lot of them likely won't be able to maintain their value over time--and the same could be said for many altcoins in general, whether PoS or not.
9  Economy / Economics / Re: US BTC mining farm buys 17,600 miners on: June 29, 2020, 06:06:50 PM
I'm not sure how I feel about mining being this political, though I suppose it's always been that way.  Seems like everything these days is political, especially when it comes to China and the US.

That project got canceled in January.
Ah, that was the first thing that came to mind when I read this and I wasn't aware that they'd scrapped the project.  I'll have to take a look at that article to see why. 

They are sure that these miners will pay off?
I'm sure they've done some math beforehand and are as sure as they can be.  I bet that taxes are a big disincentive for creating mining farms in the US, though I couldn't say for sure.  Anyway, it'll be interesting to see what comes of this.
10  Other / Meta / Re: Plagiarism on: June 28, 2020, 10:43:49 PM
Three out of four posts made by baniakash have been copy-pasted from Cryptotalk. I just reported them with links to original sources.
Just to hop off-topic for one second: is cryptotalk.org still active and paying its members to post there?  I figured that shithole of a forum would die as soon as Yobit stopped hyping it up, which they seem to have done.  

If cryptotalk is still active, my guess is that there's probably a lot more of these examples of plagiarism, because the last time I visited that site some of the threads were ripped directly from here, and I'm sure there's got to be a lot of cross-posting and content-stealing going on.  This is a blast-from-the-past for my bee's nest of a head.  I hadn't thought about Yobit OR cryptotalk in months.

Once a thief - always a thief.
Once a liar - always a liar.
I believe people can change their ways and would disagree with the above in general, but as far as forum plagiarists go I'd say it's true.  They have no incentive to stop doing what they're doing and they're too lazy to do so even if they had motivation to stop stealing people's words.
11  Economy / Reputation / Re: Earned Merit Race Animation - See if you ever got to top20 merited. on: June 28, 2020, 09:14:27 PM
That is a very cool animation, OP.  I had my eye on Jet Cash's performance and it kind of got me wondering where's he's gone to.  He used to be extremely active here and was doing a lot of work to help newbies and such.

Anyway, I'm surprised I'm still on that chart.  My merit-earning has dropped off a cliff in the past year or so--and that's fine by me, since it's not like I can rank up any more.  And my sMerit supply as a merit source keeps getting replenished so fast that I haven't had to dip into my earned sMerits in a long time....but yeah, thanks for that little bit of entertainment, OP.

But I am curious where some previous top ones on the list right now.
I am too.  It doesn't surprise me, since members come and go as their interest in either bitcoin or the forum waxes and wanes, and it's been 2.5 years since the merit system was rolled out.  That's a pretty long time when you're talking about participation on a discussion forum.
12  Economy / Economics / Re: Recession: How are we coping? on: June 28, 2020, 08:03:12 PM
So I recommend everyone to work in Crypto.
That's kind of a vague suggestion, although I'm assuming you mean people should register on bitcointalk and participate in spam bounties, right?  If that's not what you mean, I'd be very interested in getting a clarification.

As far as the epidemic is concerned--and all the havoc it's wreaked all over the world--I do think we're starting to get back to normal.  I'm not sure how each individual country is coping, but it seems to be the case in the developed world that people are going back to work and life is slowly going back to pre-COVID-19 status.  I don't think we're going to reach "normal" this year, but that's to be expected.

I'm curious as to how 3rd world countries are coping, because I don't see a lot of info on the news about Africa or really any other region that isn't the US or in Europe. 
13  Other / Meta / Re: The curious case of the forum member distrusting Satoshi on: June 28, 2020, 06:59:37 PM
Completely irrelevant case, it is not a DT member and whom he trusts or does not trust is irrelevant.
Those are my thoughts as well--and I'm actually surprised more members don't have Satoshi ~'ed in their trust list given how many trolls we've got on the forum.  And I doubt there's going to be any DT members distrusting Satoshi anytime soon.

Dunno, somehow I think that if Satoshi really had some bad intentions, like amassing BTC and then dumping when price reach certain point, he would have done things differently
Yeah well, that's the great mystery of bitcoin's founder isn't it?  It'll certainly be an interesting story if and when his name ever gets revealed with certainty.
14  Economy / Economics / Re: Can we agree BTC is not a store of value? on: June 26, 2020, 07:15:59 PM
Nothing is a store of value at the moment.
I would disagree with that assertion, because there are always stores of value--whether they're ideal or not can be debated, but they always exist (as far as I know).  Probably the best way to measure it is by looking at the volatility of any given asset and whether it appreciates in value at a rate that equals or outpaces inflation.

But bitcoin?  Nah, I don't think we're ever going to agree on this one.  True, if you buy it or any other cryptocurrency you're buying something that has value, but we've all seen how crazy the markets can be and how easily that value can be lost.  I tend to think bitcoin is indeed a store of value but not a good one.  If you're looking to protect your wealth as opposed to growing it rapidly, bitcoin is the wrong thing to buy.  

So much for the halving.  Hasn't made the slightest difference.
Heh heh, I agree.  But I think the coronavirus outbreak kind of trumped all of that hype.  Things might have turned out differently had we not had the epidemic.
15  Other / Meta / Re: Suggestion: Make it just a little more difficult to create a new account. on: June 26, 2020, 05:39:40 PM
Such junk accounts would likely get nuked eventually.
Or sold, although that isn't likely to happen these days since it would take a monumental effort to rank up multiple accounts from scratch.  And given that it is in fact almost impossible to farm accounts since the introduction of the merit system, I don't really think we need to make it more difficult for anyone to register here.  I'm not even sure people are creating 20, 30, or 100 accounts like they were back in 2015-17 when all it took to rank them up was to post regularly. 

Having a bunch of Jr. Member accounts doesn't really get you all that much nowadays, right?  I guess you could still participate in bounties, but the whole reason people were farming accounts a few years ago was to maximize earnings for signature campaigns if I'm not mistaken--and the only way a newcomer can hope to control a Hero or Legendary account right now is if they buy one. 

16  Other / Meta / Re: Trust System on: June 26, 2020, 01:39:19 AM
Thank you, I was not aware that trust and feedback are separate, thank you for the helpful link!
Yeah, it's a very complicated system in place here (IMO).  There's the DT list, there's your own personal trust list, there's the flag system--I'm not sure how a typical newbie makes any sense of it.

The bottom line is that if you're looking to do trades on the forum, you should always check a member's feedback history and check what's written there carefully.  Sometimes a member will have a net red (negative) trust score but might not necessarily be untrustworthy when it comes to trades.  As it stands, any member can leave feedback for any other member for any reason, and the feedback might not always be accurate. 

Good luck trying to make heads or tails of it, OP.  Given enough time on the forum, you might be able to get a sense of how it's supposed to work but it's up for debate as to whether it's the best possible system or some god-awful Rube Goldberg contraption dreamed up by a math nerd.
17  Other / Meta / Re: Merit system implementation to earlier adopters of Bitcointalk on: June 25, 2020, 09:36:06 PM
You were a user of the forum when the merit system was implemented.
Are you a legendary member now?
Well, I think he's talking about old-time members and not just those who were here when the merit system got rolled out.  And if that's the case, then no, nobody got bumped up to Legendary when that happened.  The only related thing that did happen was that Legendaries got airdropped 1000 merits and some sMerits, and other ranks got lesser amounts depending on how high they were ranked.

Does that answer your question, OP?
18  Bitcoin / Hardware wallets / Re: Safepal hardware wallet review and opinions on: June 25, 2020, 09:25:46 PM
The wallet is called “SafePal” and it is supported by Binance Labs
Binance Labs?  Never heard of it, though I'm assuming it's some sort of research division of Binance...?

And yeah, this definitely looks like a pretty slick-looking hardware wallet and it isn't too expensive either.  If I had some extra cash to blow I might be interested in buying one, if only for the novelty--but I don't, nor do I need multiple HW wallets.  The Ledger is tried-and-tested, and I'd be afraid to try a new one without a positive track record, especially since I'm not a tech geek who could easily see flaws in the code and so forth.

It definitely has some cons that make me doubt whether it's worth it to go for a cheaper HW or to buy the Ledger/Trezor instead
If you're buying a hardware wallet that you're actually going to use to store crypto, I wouldn't play around with anything except a Ledger or Trezor.  Certainly not until some of these new wallets establish themselves as contenders in the market.
19  Other / Meta / Re: Meriting: local boards posters vs rest of boards posters on: June 25, 2020, 05:54:15 PM
When I checked why most meriting is NOT happening on usual boards[1] (other than meta/reputation/scam accusation), I was told most posts on usual discussion boards are JUST REPEATED THOUGHTS.
I can't speak for the local boards since I don't frequent any of them, but the above is pretty much true.  And it's not only that thoughts keep getting repeated, they're repeated in such a low quality manner that the result is that those sections are chock full of garbage posts which are often times hard to understand anyway.  That's especially true in sections like Bitcoin/Altcoin Discussion and Speculation.

But I noticed on my local board they are really helping each other that's why I don't mind seeing a lot of merits being sent to one another.
I don't think anyone really has a problem with local boards having merits circulate within them, and in fact I think all local boards that have enough traffic ought to have at least one merit source representing them.  Just because you don't speak English doesn't mean you shouldn't be allowed to rank up as long as you're contributing to the best of your ability.
20  Other / Off-topic / Re: 2020 one of the most negative year in my life ... on: June 25, 2020, 05:03:24 PM
So you lost a tooth....hopefully you've got some spare ones you can still use, and you sound young enough that I'm fairly certain that's the case.  There are people walking around completely edentulous, so don't let that get you down.

May - June ... Lost all my savings at the casinos after lockdown do to fact i entered a depression

This is the only stupid thing you did. All the others were out of your control.
Agreed.  If you have to gamble, now's the time to be doing it in the stock market--or in crypto, for that matter.  Going to a casino where the odds are stacked against you might be fun, but in the long run it's just a mechanism to increase your misery.  OP, stocks are probably going to keep booming, so if I were you I'd open a brokerage account and get cracking.  Going back to whatever holy book you're talking about is your personal choice, but if you want to make money stay away from gambling and focus on investing.
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