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1  Economy / Service Discussion / Re: Be careful of Bitcoins giveaways that are too good to be true on: September 27, 2019, 07:37:18 PM
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I mean, if the Nigerian prince scam continues to work to this day, why wouldn't new, uneducated crypto users fall for a scam involving coins?
That's what I also don't understand... How could people fell for the Nigerian scam systems today? It has already proven/documented/written/etc... that these kind of stories are always scam...
But people just don't learn from the other people's mistakes, they only learn about losing their own money... and after they blame everyone but themselves...
So unless people learn how to handle their greed with rationalism and learning about things they want to spend their money for, these scams will be here to stay...
2  Bitcoin / Bitcoin Discussion / Re: Explain me the result of Bakkt on Crypto like I'm a child on: September 27, 2019, 07:24:30 PM
To answer in a really simplified way (if I understand it right)
Bakkt will be the first trusted/legally accepted 3rd party who will link companies/people with bitcoin, solving the problem of the big investing funds and other investors who are not familiar (and in the future don't want to be familiar) with bitcoin and just want to trade it.
This is not the original peer-to-peer version of the usage of bitcoin but if we need this for mass adoption and acceptance, well, let's see how it will happen...
3  Bitcoin / Bitcoin Discussion / Re: The most popular payment methods to buy Bitcoin in 2019 on: September 27, 2019, 07:12:44 PM
I am wondering what is this information based on. PayPal, WeChat, Neteller, Skrill are no surprise, but some other services were unexpected. Not to mention that localbitcoins did not make it to the list... Like some others, I've never used any payment method from the list. If I want to buy/sell BTC, I use a local online exchange with direct transfers between bitcoin addresses and bank accounts. It requires no KYC, it's easy to use, and there's a useful website in case of my country that evaluates the exchanges based on customer reviews in real-time. As for some of the most popular payment methods according to this list, they are mainly unavailable or have limited functionality in my country anyway.
Does your bank happy with the wire transfers coming from bitcoin exchanges?
You can read several times here on the forum that the bank account was suspended/restricted/etc... because of incoming fiat wire transfers associated with bitcoin.
If it's fully legal and accepted in your country, you're lucky
4  Economy / Speculation / Re: Bitcoin network's hash rate is back up on: September 25, 2019, 08:04:43 PM
As Carlton says, there was a 1 hour 16 minute gap between blocks 596166 and 596167. These kind of gaps have happened before and are not only possible but entirely expected given how mining works.
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In the hour before this gap, 10 blocks had been mined, which is way above average. Then we had a period which is way below average. If you look at the block production over several hours or days, it all averages out. Nothing happened except entirely normal random fluctuations, and people who don't understand how bitcoin works jumped on it as being some big news story.
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Gaps happen quite frequently...
Last time I managed to see a gap (took nearly 40 minutes) was just after when my transaction got into a block and had to wait for that 40 minutes for another confirmation... after it, 3 block had been found in 5 minutes time.
So yes, in the end it all averaged out, but those 40 long minutes were really long for me that time Smiley
5  Economy / Speculation / Re: Take advantage of this recent pull-back. on: September 25, 2019, 07:54:57 PM
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 I seriously doubt that even those who preach "buy the dip" will be buying by themselves at this time.
I'm always wondering those who preach "buy the dip" how exactly know what is a dip (or which is the bottom of it, or just the halfway, or the beginning/end...).
I don't really trust TA... Everyone can see if the price goes down but nobody can be sure where is the end of the way down, nor where will be the end of the rise if the price recovers...
6  Bitcoin / Bitcoin Discussion / Re: Supply is meeting demand. The number of Bitcoin ATMs worldwide is up over 500% on: September 25, 2019, 07:47:21 PM
I wonder if this machine that can be found in 7 11 stores in the Philippines can be considered as a Bitcoin ATM because I can buy Bitcoins thru this machine. As long as theres a line of communication, this machine is online and you can buy Bitcoins through Coins.ph, if not then here in the Philippines I guess theres only 1 Bitcoin ATM.
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I think these kind of machines are also counted.
In South Korea, or somewhere near there there are normal bank ATMs where you can (or will be able to) buy bitcoins, but you can't sell bitcoins there. If you count these ATMs too, the rise in the numbers is understandable.
Also, I understand if you sell bitcoin at the BTM, it requires ID or KYC or anything, because you'll get fiat in the end and you can use that fiat for nearly everything everywhere.
But why the KYC or ID scan is needed when you buy bitcoin? You have your fiat money (in cash or coins) and it's anonymous (you can prove the origin or you can't it doesn't matter now). You buy bitcoin with it which is also anonymous (pseudo, I know). You can't do whatever you want with your bitcoins, but because of the few exit possibilities of the bitcoin system (exchanges, localbitcoins, bitpay at webshops, etc.. not much thought) if you really want to spend your bitcoins for something everyday thing, you have to exchange it back to fiat, where KYC is required again...
7  Other / Beginners & Help / Re: How do you protect your cryptocurrency from thefts? on: September 24, 2019, 08:59:49 PM
Beware of malicious USB cables. They can come with hidden software/hardware built in that can download and execute malicious software once plugged into your device. Read more about the threats here and here.

Best to avoid buying cheap knockoff cables or using public charging kiosks, which are prone to juice jacking attacks.
Holy sh.t....
I was not aware of these kind of risks before... thanks for sharing and pointing it out...
Now, I can ask myself why I haven't already thought about this very evident way of attacking USB powered/connected devices.... It's terrific, because 99% of the people won't think about this also, before they become the victim of this kind of attack...

8  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs Traditional Payment Processors on: September 24, 2019, 08:52:06 PM
It's been a decade since Bitcoin emerged as a decentralized digital currency for the people. While it's no secret that Bitcoin and other cryptocurrrencies have some drawbacks, they're still a great alternative to Fiat when it comes to making payments without a centralized entity in charge of our funds.

With latest advancements such as DAGs, smart contracts, Layer-Two scaling solutions, Dandelion Protocol, Zero Knowledge Proofs, and more, it's becoming more evident that crypto will someday replace traditional payment processors like PayPal, Apple Pay, and Android Pay. Yet, Blockchain technology is still struggling with user adoption and regulatory compliance.

Nonetheless, do you believe that there's hope for Bitcoin to beat traditional payment processors or will those same payment processors adapt to the Blockchain in the future? Huh

For wire-transfer or sending money across borders, its already a winner. As a payment alternative it covers most scenarios. Something you buy online and go pick up later (or is sent to you) is already working perfectly well.
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Future depends on merchant willingness. Often, you can talk directly to a seller and ask if he/she would accept bitcoin, and chances are getting better and better everyday that in fact they do. Its often their trading platforms that won't, due to "fear" or regulation.
It can be a winner for international money transfer between individuals. When a company wants to send money to another foreign company (e.g. company A wants to buy a specific car from company B, where company B is in a different country).
Company A wants to check that car physically before buying it, so they will travel to the foreign country. They inspect the car and found out that is's fine for them. So they want to pay for the car, before anyone else pops in and buy the car by cash before their payment arrives, which means e.g. 2 working days outside SEPA (in the SEPA area it's 'only' 1 working day)... I know that there's earnest money which you pay to hold that car for you but that's only good against the other buyers, but you still have to camp there in a hotel or in your car to wait for the payment to get finalized via the SWIFT or SEPA system...
So bitcoin seems to be a winner when a company wants to pay for another company...
But there's regulation, and in most of the countries, companies don't have a clear guideline where to put bitcoins when it's about book keeping. Also they don't really know  how is it possible to prove that there was a real payment (in bitcoins) and it's not something in connection with money laundry...
So companies will mostly wait for a fiat wire transfer instead of using the quick bitcoin network for international payments now... But if the countries will implement permissive regulations in connection with bitcoin (e.g. Germany in the EU), this situation can become better for the companies, not only for the individuals
9  Bitcoin / Bitcoin Discussion / Re: Pre-ordered "Simple & Elegant Wallet" cards from Bobby Lee - Ballet on: September 24, 2019, 08:33:54 PM
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Plus lol, aren't they beautifull crypto goods to collect for the pleasure of it Wink
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That's the only reason why I would consider to buy that card but won't use it for the original purpose to store any coins on it, because of the above mentioned things...
The card is pretty cool looking but that's all, you can't stop the greed, if this card becomes widespread among people, sometime an employee of the company will realize how much bitcoins are loaded to the cards and their system is developed by humans, and humans are greedy... They will find a way to take some bitcoins, not all bitcoins of course, but that's the way life is...
So it will remain a fancy collectible thing for bitcoin lovers Smiley
10  Bitcoin / Bitcoin Discussion / Re: World’s first offline system for transacting cryptocurrencies! on: September 20, 2019, 09:36:35 PM
Pure marketing bullshit (IMHO), they know that if they do the first step in this blockchain security solution thing, the competitors would always be the 2nd or 3rd solution on the market...
So despite of that possibly they don't have a working solution for the problem, they can communicate like they already have and people will believe it...
Also, if they can make contracts beforehand, they can secure their position on the market...
The communication is a bit like this: OK, we have the solution, we have patients to protect it, so you have to make business with us, because the others won't be able to serve you with this kind of solution... we're not ready yet but as soon as we are, you'll be the first who can use this revolutionary thing, etc, bla-bla...

Or, it's also possible that they will create a centralized database and fill it with pre-generated public/private keys, and they will fund these addresses with bitcoin.
After, when a customer (because they are a bank and they have customers) wants to buy bitcoin, they just assign the proper public keys to the customer to show that he has the bitcoin. Probably they won't let the customer to move the funds, they just let them sell the bitcoins (meaning that they will cancel the assignment of the public key and the customer). This is possible because they are trusted by the customers, so they can run a centralized system (because of the trust). Bitcoin is a working system were the trust is excluded from the system so for those who really understand what bitcoin (and the blockchain system) is about, these kind of 3rd parties are just useless things...
11  Bitcoin / Bitcoin Discussion / Re: What are the big merchants that accept Bitcoin payments? on: September 20, 2019, 06:46:19 PM
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Where is eBay in all of this? Still refusing bitcoin... Adoption is too slow for certain sites, i guess its time for replacements to come up.
Ebay is not a website who can decide to accept bitcoin or not, but a group of sellers on a marketplace.
Ebay can just make it possible for the sellers to accept bitcoin if they want, but this is what they don't want to do.
This is a bit understandable, because if they allow the buyers to pay with bitcoin, it requires that the sellers have to have the knowledge about the bitcoin payments...
Ebay has to protect their sellers also like it protects their buyers...
12  Economy / Service Discussion / Re: Seller said i have to wait on: September 20, 2019, 06:34:59 PM
Is there any update on the issue?
I'm wondering if OP has sent the payment as "gift" or "personal" or the seller asked to do it like this or not...
Because gift or personal payments are not easy to refund, so it's a usual type of scam when the seller asks for gift payment option.
Would be interested in the outcome of this situation.
13  Bitcoin / Bitcoin Discussion / Re: Pre-ordered "Simple & Elegant Wallet" cards from Bobby Lee - Ballet on: September 19, 2019, 09:00:47 PM
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I am not saying that the CEO of the company is planning to rob its clients. But a dishonest employee, for example. There are too many possible leaks with a pre generated private key. There is no reason to PAY to be exposed to get risk.
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Or, CEO (I don't know if he really wants to scam or not but why not... crypto is about you don't trust anyone...) will just help an employee to copy the keys and they will share the bitcoins in the end...
So it's not himself directly, but nearly...
I won't buy this wallet despite of the "ultra sexy" design and the heavy marketing stuff... Bitcoin is about the trustless environment, this card is just against the basics of bitcoin...
14  Alternate cryptocurrencies / Altcoin Discussion / Re: AMAZON IS A THREAT ON FACEBOOK'S LIBRA on: September 19, 2019, 08:38:31 PM
Amazon have to launch a coin to threat libra
I think facebook is the worst threat of libra  Grin
Yes, it is, and I don't think facebook have a good reputation to keep your money, it's dangerous, they already have all our data and they use this in a non ethical way, and now they want to take care our money?
So I really think facebook is the worst think for libra  Wink
After the PSD2, they both don't really need a new coin... banks have to open their system for 3rd party service providers to let people manage their bank account with 3rd party apps...
If they create an application (or integrate it into their own, e.g. facebook) they will be able to replace the people's internet bank application with their own.
In this case people will do their banking thru their facebook page and facebook could make money on that too. Most of the average joes trust facebook and usually these people don't really care about the security of their money (usually because they have debt instead of money but I'm just generalizing...)
So if they take over the banking, they (facebook) will be able to offer some financial related stuff to the people and can make money on this too, not only on ads. And in this case there's no need for new coin... (in case EU and others won't let them use their coin or with heavy restrictions...)
15  Other / Meta / Re: Lightning Network board on: September 18, 2019, 10:05:04 PM
* moved by request from https://bitcointalk.org/index.php?topic=5158920.msg52488736#msg52488736 *


-snip

I proposed it about 3 months ago and nothing has happened since then. A board dedicated to second layer solutions might help us not to abuse this topic and divide information into separate threads without having to worry that they will end up on the 20th page of this section. If you want to discuss it further, please reply in the previously mentioned topic.

I'd assume it's more a case of "when" than "if", so once the demand is there and it makes sense to have one, we'll probably get it then.  Difficult to tell how long it might take, but I guess that's up to devs, retailers and anyone else working towards the goal of increased adoption.
Maybe we need a second hype similar to the year end of 2017, when the transactions were sitting in the mempool for days before they got confirmed in the end... even if they had very high fees compared to the normal days before and after....
That time the demand for the LN was higher than now, despite of the system was in an earlier status, with less functionality and similar things...
So maybe the demand won't depend on the LN devs but the market situation, so the devs needs to make sure to have something nearly final by the time the mempool reaches such a status again...
16  Bitcoin / Development & Technical Discussion / Re: The Lightning Network FAQ on: September 18, 2019, 11:05:25 AM
If there are more real services that accept LN payment, I'd like to see them posted here. BitCryptex, are you okay with that?

I don't mind if someone posts anything LN related here from time to time. However, I might create a separate thread for that or you can do it yourself since this thread should be focused more on questions.
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I would be interested in a separate board for LN if possible (but as I saw somewhere there will be no separate board unless there will be enough activity in LN related threads, but there will not be enough activity until the LN topics are easy to find, so this is a bit like catch-22...)
I know there's a search function in the forum and there's google search, but a separate board is just really different...
17  Economy / Reputation / Re: [self-moderated] Report unmerited good posts to Merit Source on: September 15, 2019, 08:04:26 PM
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Re: How do you protect your cryptocurrency from thefts?
Category : technical answer
Section : Beginners and Help
User: bitart
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Thanks 1miau Smiley
I rarely check my merits (I'm far far away from the Legendary limit, so it doesn't matter if I check it twice a day or twice a month Smiley and I also rarely got merit nowadays), but now I was really surprised that I got 3 merits in a row on the same day Smiley
After, I saw a notification from Maggiordomo (Piggy's bot) that I was mentioned here in this topic Smiley
Thanks again, I'll check the others too if they got merit for the quoted posts
18  Bitcoin / Bitcoin Discussion / Re: How do you know where a btc wallet is? on: September 13, 2019, 07:23:12 PM
there is no such thing as "whale alert".
Yeah, the whale alerts are trash.

....

All these whale alerts and news sites only care about one thing - views. They will post any old trash to get those precious clicks, subscribes, likes, shares, whatever. You'd do well to ignore them.
Also the amount is quite interesting...
Quote
1,234,567 btc moved from Coinbase wallet to unknown wallet.
This is  1 2 3 4 5 6 7, numbers in a row...
There's really little chance that people move these kind of amounts from one address to another...
Or, the owner of the address is a funny guy Cheesy
19  Economy / Scam Accusations / Re: How I almost got scammed on: September 13, 2019, 07:08:49 PM
Wow, this is an interesting story. I  didn't know about such a way of scamming people (writing a thousand times smaller amount of coins which is truly easy to confuse). I probably would fall for the trick, because in my country we don't have this distinction of dots and commas, so it would be especially confusing to me. But a very nice rate (too good to be true) and a rushing person are good signs of something being wrong in the whole situation. So I am very glad you did not lose your money and also warned the community about the scammer. I hope DT2 members will put a red flag on the account as well, although the person is not likely to use it again anyway after this failure.
He can use another account here, but the telegram and localbitcoin/ether username would match still, so I hope a lot of people will read this topic...
About decimals, from now on it will worth a question in the future to write down the numbers without decimal separators just to be on the safe side...
In my country, we put the , sign between e.g. USD and cents, but if we use the , sign, we don't use the . sign after, so this could raise a flag...
Anyway, scammers are becoming smarter and smarter (at least a part of them) as time goes on...
20  Economy / Exchanges / Re: Coinbase and my issue with centralized services (banks) on: September 12, 2019, 10:04:16 PM
Can't think of a situation when I had problems with my bank, maybe just had lock so far. Also no problems with deposits and withdrawals from crypto exchange to my bank account. But I recently had huge headache because of PayPal. Their rules are set in a way that they can do whatever they want. They can hold your money for 180 days without a reason, they can even lock your account with no explanation and no option to appeal against it.
PayPal is centralized of course so kind of understand you and how helpless you feel when they simply announce some stupid new rule.
This centralized payment system is the key for the governments, if they can't regulate/rule something, they can easily ban it. Why? Because of the above mentioned things, governments are on thin ice when it's about their economy, because most of the economies are heavily sunk in debt... So they can only run their country if they have full control over the country's fiat and payment systems. The same applies for PayPal, but PayPal serves more lords at once, they have to help most of the governments to control the international payments...
Bitcoin is a solution for this situation, so it's a problem for the governments, because they didn't want the people to have a solution for the quick and cheap money transfer problem (because international payments are neither quick or cheap...)
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