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81  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN [MCO] MONACO #1 Cryptocurrency Payments Card on: January 13, 2018, 01:18:13 AM
VISA has made no statement nor taken any action against Crypto-related products and cards.

WaveCrest was an issuing partner who issued regular cards, and had been contracted to issue several of the less-professionally run crypto-cards. This company was expelled from the partnership program due to compliance issues, they repeatedly contravened VISA's own regulation. This had the result of barring WaveCrest from issuing and operating ANY cards, which included the crypto-funded cards, but was in no way linked to it directly. The issue, seems, was related to cross-border issuing of cards.

Monaco runs no such risk as a) they have a stronger relationship with VISA, they are a program manager. none of the other cards were. This is a privileged position and more importantly b) they had no dealings with WaveCrest, their cards will be issued through a reputable, global company that will not need to issue cross-border cards, nor will break VISA rules on a daily basis.
82  Bitcoin / Bitcoin Discussion / Re: Increasing Bitcoin supply on: January 12, 2018, 10:29:47 PM
The supply of bitcoin will  increase but not more than the usual. New block releases into the network. Try to

Aileen, I solo mined 50BTC blocks at one point... I think I've got things figured out quite well.

Yes, its impossible to mine bitcoin more than that because the hash rate will not allow to mine any more bitcoins. Its impossible because its the total length of blockchain. So there is no solution to such an increasing price.

It's good to point out that the 21M supply limit has nothing to do with hashrate and nothing to do with blockchain length. Blockchain length increases with every block mined, it's theoretically infinite. Hashing power could also increase 100-fold over night. This would accelerate the production of blocks for a very short ammount of time, but difficulty adjustment mechanism will quickly bring the network back to equilibrium. And even if that didn't happen (which it will, it's a core component of the system), all that would happen is we'd get to 21M faster.
83  Bitcoin / Bitcoin Discussion / Re: Increasing Bitcoin supply on: January 12, 2018, 12:58:24 PM
Why would you want the supply to increase?

There is a misunderstanding: bitcoin supply increases every day by mining.
What you can't increase is the speed of production.
So, as anyone knows, in any moment there will be a fixed amount of bitcoin in circulation

circulating supply is increasing. But it won't go Beyond 21 million. even if you mine for a millenia.
84  Bitcoin / Bitcoin Discussion / Re: Increasing Bitcoin supply on: January 12, 2018, 05:14:52 AM
Hey I don't understand this, if the BTC supply can't be increased, what do you mean by BTC mining ?

Do you guys even read threads AT ALL?

When speaking of Bitcoin supply, we need to distinguish between two things:

1. Circulating Supply: The number of coins that are currently in users' hands. At the moment this is around 17million.
2. Total Bitcoin Supply: The maximum number of coins that can ever be held by bitcoin users. This is about 21million. There can never be more than that many.

Mining, today, provides a reward based on transaction fees + "coin generation". These coins are added to the circulating supply, but are part of the "possible" 21 million coins. This reward halves every 4 years. today it'ýs 12.5 BTC per block.

85  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN [MCO] MONACO #1 Cryptocurrency Payments Card on: January 12, 2018, 03:40:15 AM
No, it would be all over the place. "soon" is about as official a statement as we've been given so far.

Speculation amongst some users expect the card by the end of the month, others in February. It seems likely, but this is just an extrapolation from the recent Q&As, that Monaco will roll out to multiple regions faster rather than slower.
86  Bitcoin / Bitcoin Discussion / Re: More bad press for BTC on: January 11, 2018, 11:20:42 PM
This is just politics, and a tiny bit of practicality.

The conference starts in a week, most tickests have been sold. Now, with BTC in a slump, and confirmation time risking (if the buyer's a tool) to take a little to long, or cos a little too much, they had the perfect convenience and excuse to make a statement "dropping BTC". Oh, and if we actually bothered to open the conference's page... who's a Platinum Sponsor? Who's a good Platinum Sponsor? Bitcoin.com is, yes he is! good Platinum Sponsor.

what would be relevant is the ammount of tickets that were sold through BTC.

Pople, please, let's all learn to _read_ the news with our brains engaged.
87  Economy / Exchanges / Re: A working cryto debit card? on: January 11, 2018, 08:08:36 AM
Let me counter that with a question, why in the world would you trust a company like Monaco which promised their clients rewards, people bought their ICO token mostly cause of that, then Monaco said "geee, not possible sorry" How is that not a terrible decision making and even worse contingency planning??
There is no way I d ever hold their card after that.

With Tenx, they did great job before this Wavecrest issue. If they do not keep their promises, I ll move to Bitpay or something else. I value my money too much to give it to incompetent players. For now, Tenx seems to have 4x more client compared to Monaco, that is the fact. They also had a card 3 months before Monaco, as far as I know Monaco has not even started delivering cards and I used Tenx card 2 months ago. In my book, they beat Monaco on every front. Let us see who delivers new cards first.

Also, please do not derail this thread, if you d like to continue this discussion, pls PM me.

This is hardly derailing a thread. If a person wants to choose a debit card, they ought to have as much information as possible, and the quality of the issuing company is, I'd say, quite on topic.

TenX had to do exactly the same with their token, except they had to rush it out last minute. They broke the same "promise", and that's simply because what they were offering was clearly pointed out to constitute a security (which would have caused delisting from exchanges). Again, Monaco had the honesty and forethought of doing this in good time and transparently. TenX did not.

Sure, they had cards issued sooner. Cards issued through a shady partner where every other card was going to to avoid having to do any real work. Quick to market, quick off the market.

Monaco is taking things slowly, and they're going much further. They have succesfully obtained VISA membership, and they partnered with a world-class manufacturer/issuer.

Now, existing cards are, IMHO, either shady or too expensive. Or dead, in TenX's case.
The honest answer to OP is to wait for a company that has been doing things well.
88  Economy / Exchanges / Re: A working cryto debit card? on: January 11, 2018, 07:36:44 AM
I dont think Monaco ll get their card out before Tenx, I m almost sure Tenx will do it first. Why? Cause they ve had over 200k active cards before this Wavecrest issue while Monaco s got 50-60k applications. Who do you think major companies will go after?


Why in the world would you trust your custom with a company like TenX that has just demonstrated terrible decision making, and poor contingency planning?

These companies are as good as dead, they went for the low hanging fruit, and fell with the rotten apple they swarmed around.

Even if TenX does find another issuing partner, it isn't that fast to go back to the market, and I truly hope not many customers are willing to put themselves at risk again after this experience.
89  Alternate cryptocurrencies / Altcoin Discussion / Re: What is the most possible Ethereum competitor? on: January 11, 2018, 07:33:53 AM
Mining is hardly more equitable, considering coins are distributed based on initial investment, PoS is no less a distributed system.
Just the same way mining can be mismanaged through badly premining, PoS can be well managed with a good distribution idea. PoW is just gen 1 technology. the future will move away from it.
90  Bitcoin / Bitcoin Discussion / Re: Increasing Bitcoin supply on: January 11, 2018, 05:45:55 AM
I have heard that China mining bitcoin, Then what they do called "mining"  if the BTC supply is constant ?

Let's try to make this even clearer.

Bitcoin has a maximum possible supply of 21 million coins. On day 0, nobody had any coins, so "circulating supply" was 0.

every block found by a miner generates a reward of 50 bitcoin. These bitcoin increase the circulating supply, but NOT the total supply (which will Always be 21 million). Today, we have mined almost 17 million coins. Ever 210,000 blocks found the reward halves. This means that about every 4 years the increase in "circulating supply" drops by half. We've had two halfings so far, next one should be around 2020.

Even if we concentrate on the current "increase in circulating supply", it's easy to see how this is effectively irrelevant as far as price goes, as the rate is far lower than the market can absorb without major problems. But do keep in mind every coin mined is still part of that 21 million allocation.

if you want, the coins arn't being created, they are being "discovered".
91  Bitcoin / Bitcoin Discussion / Re: Increasing Bitcoin supply on: January 11, 2018, 04:14:55 AM
Miners increase available supply to increase _exclusively_ as long as we are below 21 million coins. As mentioned, mining rewards will reach 0 after a few years . because of the way bitcoin works, overall coin creation speed won't change regardless of power of mining.

How many years is a few years?

It halfs ever 210,000 blocks, which is roughly 4 years.
This is a nice countdown ^^ http://www.bitcoinblockhalf.com/

you can easily see how even in just 40 years time you'll half 5 times. In 2058 each block will be Worth little more than a hundreth of today (about 0.2 BTC), in 2140 bitcoin reaches asymtotic stagnation.
92  Alternate cryptocurrencies / Altcoin Discussion / Re: What is the most possible Ethereum competitor? on: January 11, 2018, 02:59:58 AM
For a currency to match BTC and ETH, it has to be a real crypto, that means it must be possible to mine it.  If you can't mine it, it isn't a real cryptocurrency.  So you can automatically cross off Ripple, Cardano, Tronix, and so on, since they can't be mined.  Things like Bitcoin Cash, ZCash, Monero, Electroneum, Bitcore, Verge, ZClassic, ZenCash, GameCredits, can all be mined and mined at a good profit.  I really feel that the best understanding of crypto is to do at least a little mining on the side.  That way you become familiar with things that are otherwise invisible.  You learn about up and coming currencies as they suddenly become profitable to mine, even with tiny market caps (< $10M USD ).



Why in the world do you think mining is a requirement for something to be a cryprocurrency. Nothing could be further from the truth.
93  Bitcoin / Bitcoin Discussion / Re: Increasing Bitcoin supply on: January 11, 2018, 02:28:13 AM
So bitcoin will disappear soon? What do you mean  of lets just accept the current bitcoin as it is? If there is only 21 million and that is really it is, is that mean bitcoin will going to be zero in the future? Maybe bitcoin supply will also increase especially if therr are also a lot of us will mine.

The number of people mining is wholly irrelevant. If one billion people were mining, there would still only ever be a maximum of 21 million BTC available. that's a hard limit. Miners are irrelevant.

The developer can do such thing without information so how i can we notice that bitcoin supply will never be increasing? I have no idea about this.
However, if the supply increase, it will make the trust to bitcoin loss forever.

If a developer were to increase supply, he would break consensus and blocks generated by such a piece of software would be rejected by anybody opposed to it--which I assure you will be the majority of Bitcoin users. Developers can change the software but they can't force everybody to switch to that new version.
94  Bitcoin / Bitcoin Discussion / Re: Increasing Bitcoin supply on: January 11, 2018, 01:16:23 AM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance

Yes. It is so possible. Actually, Bitcoin mining makes the supply increase. The only thing makes the miners trying to mine moreis because of the Bitcoin's price. They tend to mine many Bitcoins to gain money. They are buying high specifications laptop or computer set in able for them to mine many Bitcoins. But, Always remember that if the supply is limited, The Price is getting higher and higher. This is the advantage of miners. Start mining.

Miners increase available supply to increase _exclusively_ as long as we are below 21 million coins. As mentioned, mining rewards will reach 0 after a few years. because of the way bitcoin works, overall coin creation speed won't change regardless of power of mining.
95  Local / Italiano (Italian) / Re: Ma Ŕ la normalitÓ? on: January 11, 2018, 01:08:30 AM
Per Cardano la situazione potrebbe metterci un po di tempo, Binance ha chiesto al team di implementare delle nuove API siccome ha avuto problemi col wallet esistente. Su Bittrex hanno giÓ approvato ed implementato un fix mentre Binance vuole un sistema pi¨ avanzato.

https://www.youtube.com/watch?v=Kee5g32Ktxw
96  Alternate cryptocurrencies / Altcoin Discussion / Re: What is the most possible Ethereum competitor? on: January 11, 2018, 12:30:34 AM
From a technology standpoint, It's obviously Cardano (ADA) that has the biggest potential, but it still needs to mature and demonstrate it's more interesting ideas.
The team is stellar, though.
97  Bitcoin / Bitcoin Discussion / Re: Increasing Bitcoin supply on: January 10, 2018, 11:06:44 PM
There seems to be a lot of confusion about this very simple topic.

Is it possible to exceede 21million bitcoin by "mining more coins"?

No, absolutely not, in any way at all. This is phisically impossible. The very protocol, the logic of Bitcoin does not allow for 21 million bitcoin to be mined. With reward halving every n block, rewards will tend to 0 relatively soon, and wll become completely irrelevant (indeed, at one point there will be no coin generation for mining reward at all). At that point, just shy of 21million coins, there will be no way to generate even 1 satoshi, no matter how many terahash you send Bitcoin's way.

Is it possible to modify the fundamental logic of Bitcoin to increase maximum supply?
Yes, but pratically no.

Bitcoin's source is available, and we have seen plenty of people take advantage of this spinning of arbitrary Forks here and there. Bitcoin Cash is a great example. shares Bitcoin's history until a certain block, then deviates. It's an altcoin, it has nothing to do with Bitcoin. The fact that is basically used a "snapshot" of BTC to kick-start everything is nothing more than a convoluted airdrop.

So, someone could easily take the source code, and choose to make the new limit of minable coins 1 trillion. BUT, this would not be bitcoin. for it to be bitcoin, the community at large would have to accept it and recognize it as bitcoin (i.e. change client in order to take part in this new fork). Considering it will most likely have a negative impact on prices, it's easy to imagine that a vast majority of us Bitcoiners will refuse to take part of such a stupid experiment.

We will end up with Bitcoin (normal), and TurkishLiraBitCoin. Nobody's going to let an increase in supply through to mainnet.
98  Economy / Exchanges / Re: A working cryto debit card? on: January 10, 2018, 10:56:39 PM
Honestly, the only viable solution I see right now is to wait for Monaco to come to market. Their offer is the only one that seems to guarantee proper compliance. No point investing in some of the WaveCrest survivors even if they come back with a new issuer... they've demonstrated gross incompetence to say the least. The few other cards out there... very few... look  suspicious, unreliable, or outright cost too much.

As far as people wishing for anonimity, you can forget that when it comes to major circuit cards. Visa, MasterCard, and any other major processor will _never_ risk its entire existence to let you have a KYC/AML-less card.

No real good reason for one anyways,.
99  Bitcoin / Bitcoin Discussion / Re: I could have been a bitcoin millionaire... on: January 10, 2018, 09:46:00 PM
We've all been there. I was mining BTC by the thousands back in 2011. And by the hundreds in 2012. Heck, I was still making full BTCs every other day when bitcoin was Worth hundreds. Then MtGox's bubble came, I needed money (I'd spent a LOT on mining, not really profiting). Sold plenty, lost plenty. Kept the millionth part on a cold wallet, and stopped after Gox and ButterflyLabs fiascos had me down in the dumps, and I was getting more involved at work so I had less time. concentrate on career.

today, that career wasn't for me, and BTC would've been the better investment. but, it's still a wonderful opportunity space, and there is plenty to take out. Regret is something no bitcoiner can afford to feel.
100  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN [MCO] MONACO #1 Cryptocurrency Payments Card on: January 10, 2018, 09:40:13 PM
Well, this shutting down business could've happen to Monaco as well, is not enyone's fault that WaveCrest were shut down by VISA, in fact big names are affected by this, such as BitPay and others! But, then again, is true Monaco scored big this time and is adopted more and more over its competitors Smiley

I disagree. WaveCrest was issuing cards cross-border, which is against policy. This company was making something complex too simple. If Monaco knew to stay clear of WaveCrest, so could these others. They didn't properly plan, didn't do adequate due diligence, and more importantly all swarmed around the same provider.

Those companies went for a market and cash grab with little or no consideration for their customers. Had they cared, they would have _at least_ had a crisis response plan in place.

It's sad to say, but the majority of Crypto startups (like "regular" startups, really) are incompetently run.
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