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September 25, 2020, 08:22:23 PM *
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1  Bitcoin / Bitcoin Discussion / Re: Bank of America now treats BTC and ETH as Cash on: September 21, 2020, 07:43:22 PM
The source is a reddit post:

It honestly isn't the best type of source to verify a claim. The submission has now been removed by mods. Perhaps it was even a suspected fake.
If true, we shouldn't rush to consider this good news. A probable cause of this decision could be that it was done to deter abuse of card benefits programs. Right now there are some services that allow you to buy crypto with cards without extra cost. This could be used to rack up miles on a bonus program. This was done also when the FED was selling coin stacks for CC payments for free. Banks were quick to catch up of course.

Whether or not considering BTC cash will have any positive effects related to this bank remains to be seen.
What about taxes? If Bitcoin is indeed considered cash, people should only pay the income tax when they get income in BTC, correct? The currently regulations, however, impose additional taxes such as Capital Gains Tax. I can see that low-level news websites already made articles about this information, but it seems that up to now there's only this reddit post you've mentioned as a source. So yeah, probably fake news... And even if the Bank of America wanted to treat cryptos as money, I doubt they are authorized to do so without proper legislation. And only a year ago, they compared cryptos to stocks without allowing purchases of either via their credit cards.

Finally someone with a brain!! Thank you, my good man. Yes!! Exactly. Crypto can never my cash. Cash is cash. Cash is actually physical notes. If you asked if you are paying with cash can you whip your phone out and pay with bitcoin? Nope because cash is physical. Yes, correct. Unless the government has its own cryptocurrency addresses to pay tax into you don't pay tax because it's not money its a currency we as the people developed. However, if you trade from crypto to fiat and use the fiat system then you will have to pay tax on that.
2  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin such a big risk? on: September 21, 2020, 07:31:09 PM
If you have a weak local currency that loses value often then keeping your money with bitcoins might be a better choice. YOu also won't need to pay banking fees and things like that. Though if you live in a country where the currency is weak you might not have that many options to spend it. I don't think you should look at bitcoin as investing in the traditional sense of the word. More like investing your interest in another form of currency.
3  Bitcoin / Bitcoin Discussion / Re: Should bitcoin be introduced into the educational sectors on: September 20, 2020, 09:16:14 PM
I think teaching people about money and generally how to make money is a better place to start. In school, you get out when you about 18 and you know nothing. You don't know how to pay bills fill forms take loans or run business since you were never taught. Luckily you get economics classes in schools and that is a great start and I think after we meet the basics of teaching the fundamentals of money in society then we can move nto bitcoin and digital currencies.
4  Bitcoin / Bitcoin Discussion / Re: 3 seed words + passphrase on: September 20, 2020, 09:02:41 PM
18 characters alone is insane protection. Most passwords people use online are 6-12 digits. Using #$ upper and lower case makes it close to impossible. People don't hace your passwords directly they find them on your hdd or if you backup online or social engineering. There is no magical way to guess a password and there is not a program that can magically find passwords. Added to the fact you have the keyphrases. It's basically impossible to hack. I can't even remember what to buy when I fo the groceries so you could basically tell me your 12-word key and I would forget it while you were saying it...
5  Bitcoin / Bitcoin Discussion / Re: Why has no-one done a crypto Ebay? on: September 20, 2020, 08:58:07 PM
There are market places that you can pay bitcoin or crypto with. They do not accept it directly though, they usually handle it through a third party payment processor much like bitpay works.
It would not be legal and more of a black market kinda thing. The government would probably scrutinize the shit out of it.
Your vision is good and indeed it might be the future but man bitcoin has a long, long way to go before there can be sites like these. It could be a thing in niche crypto markets where its legal though.
By the way, you can buy gift cards kinda stuff via Bitcoin.

You already get legal markets you can spend bitcoin on -_- There are many things you can buy with bitcoins.

First of all, a "crypto Ebay" would not be feeless. Handling with Bitcoin costs always fees.
Secondly, crypto Ebay's already exist in the Dark Web. There you can find many marketplaces and Ebay clones where you can buy all things and stuff (legal and illegal) with Bitcoin and cryptos like Monero.
Maybe OP didn't know about it or had forgotten about how crypto became famous in the dark web for something like that,
And we still carry it till this day because some still see's crypto or Bitcoin only as a money for illegal activities because it was once known for that purpose.

99.9999% of crime is done using fiat.
6  Bitcoin / Bitcoin Discussion / Re: What area of bitcoin participation is easiest to work with? on: September 14, 2020, 12:09:50 AM
Well mining stocks have been doing better then bitcoin here is proof
You can get these stocks for as little as $5.75 and just have a look at that chart Smiley I think if you have extran crypto you should defiently seriously consider investing in some stocks. It's like an extra layer of earning on to of just holding bitcoin. Much better than having your funds sitting in the bank.
7  Bitcoin / Bitcoin Discussion / Re: Can you hide your identity with bitcoin? (100%) on: September 13, 2020, 11:46:45 PM
Why are you arguing with someone about something you don't know? That's not very logical now, is it?
Noone can find out who you are with your IP address unless they can contact your ISP and get the info there but that can only happen under a Subpoena or a hacker gains access to the ISP database and even then it's hard to prove who has what IP because IP addresses are dynamically used and cycle often. An IP address is nowhere near enough evidence to prove anything. Otherwise if it were could you imagine the havoc a criminal can cause of they hack into your WIFI outside of your house and go on a crime spree. 

I was having an argument with a friend. He says that you can't be anonymous to the bitcoin's network. Both nodes and wallets use, leads to an ip address where information can be found.

I had read in this forum that you can hide it with hardware? How exactly?
No, it is the I.P address that will going to obtain and not your identity. Identity could be obtain when you do KYC and entrusted it to an exchange keeping it as what they promise. However there are.exchanges that has been hijack and some of the users holdings crypto was stolen and being transfer.

Don't get bother with your friend's argument. Just let him think that way for you had known already that being anonymous is one feature that bitcoin platform has from the start and up to this present time.

Did you not read properly? He is wrong and his friend is right.

It's very hard to keep your identity completely hidden. Probably impossible to have it exactly 100%.

There are cameras that could be used to facially recognize you. Your disposable phone, unless it has all antennas removed, will send and receive information from and to the service provider it's been registered to (and even without it, AFAIK, a phone with battery in it could still send and receive information - especially if it's a smartphone, and assuming you're using Bitcoin with it... it most likely is). Just think about it - even without a SIM card you can still call 911, right? Even if you turn your phone to Airplane Mode, do you have any guarantee that it has terminated any communication?
A complete anonymity is just a dream now a days especially if the authorities are targeting you. The speaker in your phone can be activated and if the authorities knows your IMEI number of your mobile they can activate your mobile speaker even if you turned your phone to airplane mode your communications can be captured.

When it comes to bitcoin it is impossible to stay fully anonymous if you are using exchanges because they force us to verify our identity, if you are making money online and if you are accepting it in bitcoin and not using the traditional exchanges it is possible to be anonymous.

Iv'e never heard so much shit in my life.

8  Bitcoin / Bitcoin Discussion / Re: Is it possible that the 51 Percent Attack on Bitcoin could Happen? on: September 13, 2020, 11:24:08 PM
 Tongue Roll Eyes Cheesy Grin

You just open threads and say whatever comes to mind without even thinking much about it.
How can China do a 51% attack? A country is not a pool.
This is like asking someone do they know so and so because they from China too. How would you know so and so if there so many people in China? How will you even know who is mining and who is not? They not all one entity. This is why what you are saying is like me asking someone from who comes from Australia if they know "bill" It is a massive country so obviously he doesn't know "bill" but the utter cluelessness that makes someone think that they might know "bill" is exactly what you saying.

You know how many people live in China right?
9  Bitcoin / Bitcoin Discussion / Re: 3 Ways to Hack Bitcoin on: September 13, 2020, 11:16:20 PM
Let me summarize your post in 1 image:

lmfao I wish I saved my sMerit to give to you, this totally captured how I felt reading OP's '3 simple ways to hack bitcoin, crypto enthusiasts hate him!' garbage

As soon as I read "3 ways to hack bitcoin" I was like oh god.... Here we go...
I think those exchanges were hacked into not the actual wallets. They don't need the wallet private keys since they can send the crypto where ever they want to once they gain admin access.
I would not mind owning an exchange but I would be terrified about this sort of thing going on.
10  Bitcoin / Bitcoin Discussion / Re: Russia legalizing Bitcoin and cryptos but not allowed as payment method? on: September 13, 2020, 11:11:05 PM
Okay so months ago, we thought that they're all set to lay down the axe on Bitcoin and cryptocurrencies in Russia. But right now, lawmakers have passed a bill to legalize cryptocurrencies in their country.

However, there's one section of the bill states that Bitcoin cannot be used as payment method. They do legalize cryptocurrency trading though, but not sure when it comes to crowdfunding, ICOs, etc.


Any reactions so far guys?

I'm very cautious when it comes to cryptocurrency related news regarding Russia.Those news might be fake.
It this news is true,I get where they are going with not allowing crowdfunding and ICO.Most crypto crowdfunding projects and ICOs were scams,so banning such activities isn't a wrong move.
However,not allowing crypto payments for goods and services is kinda stupid.
Maybe the Russian legislators think that the non-reversible cryptocurrency transactions provide a "scammer-friendly" environment,where the customers will pay using crypto and get nothing in return.
Anyway,it would be nice,if cryptocurrencies get completely legalized in Russia.

I never take anything I read seriously unless it sounds like it makes sense and I can see it coming from different sources and people and then I like to see the counter-argument if there is one. You must look at it from all angles before you decide. They should allow crowdfunding and ICO. Is it our fault investors are too greedy and stupid to see a scam? You can only blame scammers up to a certain point. Not allowing crypto as a payment method just isn't going to work. How will they even enforce such a ridiculous law? I am very sure law enforcement has better things to do like look after the people from criminals and theft. It's not like the law hsa infinite time to just sit around. Their time is limited and wasting it on this sort of thing is counter productive. Would you rather your goverment focus on murder, theft abuse etc or they rather they messing around running after pointless crypto transactions?

"Maybe the Russian legislators think that the non-reversible cryptocurrency transactions provide a "scammer-friendly" environment"
What if it is the other way around?
11  Bitcoin / Bitcoin Discussion / Re: I can't wait until I can pay using bitcoin at the supermarket on: September 06, 2020, 03:48:44 PM
I can't wait either. It will be nice when crypto is fully supported. It will also decrease the number of scams I feel since real-world use will be prevalent by that time. However, the currencies might not be as volatile by then and making a quick profit incesting might not work as well but still hopefully by then we have all saved up plenty of the most spendable crypto.
12  Bitcoin / Bitcoin Discussion / Re: BTC is Going to "DEAD....!" Need Discussion..... on: September 06, 2020, 12:12:07 PM
None of what you just said makes any sense. Yes if bitcoin goes down you will pay more bitcoin for a errr.... Pizza??? Why are you bringing up pizza? Because of the 10k bitcoin pizza? What has that got to do with anything?
Bitcoin dead? Your English is very difficult and cofusing to understand maybe you should try again or edit your post so we can better understand you because bitcoin is certainly being used to buy things and is far from dead.
13  Economy / Micro Earnings / Re: [ANN]🎁Blockreward Earn Crypto Instantly | Sign Up Bonus on: September 06, 2020, 12:06:48 PM
I am going to try out your website and see if I can make a withdraw. I wish your ref rewards were a bit better though. Like maybe 15%-20% though perhaps you have outweighed it by giving more to personal reward since obviously you would need to reduce them in order to increase the ref bonus. I noticed you need an uphold account. Any particular reason? I have never heard of them before do they require personal info? Maybe add a micro waller instead or just direct wallet transfer. Seems like a pain to use an external website.

Edit: Looks like I wont be using your website

"We may prompt you for personal information like your legal name, address, government identification, date of birth, taxpayer identification number, bank information or credit card information."

My personal info is not for sale.
14  Bitcoin / Bitcoin Discussion / Re: Biggest Bitcoin giveaway scams and how can you avoid them on: September 05, 2020, 06:06:21 PM
Pretty much if you ever see someone iconic claiming to offer you some sort of way to win or invest then stay away. I have even seen scams claiming my president endorses a certain bitcoin scam. It's crazy... These guys have absolutely no shame at all. Trever Noah was also used and the scammers said he was investing. This "bitcoin revolution" scam is still going on. Magical ways to bank that will make you rich. So much crap. Even Instagram is showing these ads.

All they need to do is prove the giveaway address actually exists by signing the wallet with the BTC in. So if I give away 10btc I send the 10btc to a new wallet and I sign that new wallet for the giveaway. That is what I love about crypto. You cannot lie about this sort of thing.
15  Other / Beginners & Help / Re: How Cryptocurrency rates especially BTC Fluctuate so quickly? on: September 05, 2020, 06:01:12 PM
It is pretty much about the maximum capital. Crypto is still new so a whale can change and manipulate the price alone. Fiat is so widely used it cannot be manipulated so easily. As crypto grows and is divided more and more among more people it will become harder and harder to manipulate. The more they spread the harder to manipulate. This is why new projects are often a good idea to take part in because you can become a whale with greater ease.
16  Bitcoin / Bitcoin Discussion / Re: Patience above all will be rewarded here on: September 05, 2020, 05:56:28 PM
There is frivolity beyond patience. If there is patience in all realms, something can be achieved. But nothing is credible if it is short-tempered.
So it is empirical to be rewarded only if you work with patience.

Investing in crypto means you should be investing extra money which you are fine even in worst scenario you lose. Due to volatility it can fall badly as well and so does it can bounce back as well. It would be you luck after investing suddenly market rises certain percentage quickly or vice versa as well is possible. So, in long run you will end up making money if stayed invested in right coins.

They said that patience is a virtue because the key to success is patience. Before we become successful, we will face a lot of struggles, hindrances, dissapointments and etc. so we should be patient and hard working because there is no shortcut on achieving your desired goal just like here in crypto world some of us entered here without any knowledge but because of our hardwork and patience we know a lot now about crypto currency.

Patience is good, yes but you cannot just rely on it. You cannot just sit back and think everything will be ok. You have to be consistent as well. Failures are lessons, lessons you collect and combine in order to learn from them and create an even better version of what you originally envisioned since you now ironed out some of the jinks. Failure is an excuse to become better. Failure is never an excuse to give up. As long as you never give up you will be fine I say. Smiley
17  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [BOUNTY]💣 ETH, USDC, TKP, YOUC [YOUengine] 💣 TOP exchanges [Round 4] on: September 04, 2020, 05:18:32 PM
Bitcointalk Username: Zionatin
Telegram Username: ZeeZeebtc
Participated Campaigns: Signature
18  Bitcoin / Bitcoin Discussion / Re: Chris Larsen, Chair Of Ripple, Argues China Can Reverse Bitcoin Transactions on: August 30, 2020, 08:53:40 PM
And, let me guess, he thinks that a centralized cryptocurrency, namely Ripple, would be able to combat this non-problem? Roll Eyes
This is as simple as that, whenever you read something that doesn't really make a lot of sense and you wonder what are you reading the only thing that you need to do is to think about what that person is set to gain by having such an opinion.

And in this case this is very obvious, the chairman of ripple is giving his opinion about this supposed risk for the bitcoin blockchain and while he does not say it explicitly he is obviously implying that the solution to this is for the United States government to support ripple so they can send transactions all over the world without the risk of the Chinese government blocking them, which is completely ridiculous.

I love what you have just said and I am going to use it. Next time I read something weird or utter dribble I will think about what the person has to gain.

I think it's just America being America again. People are always saying crazy stuff. Making up problems where none exist. I really don't think you can reverse a transaction even if you controlled the whole network. It doesn't work that way. It's a one-way system. Unless I am much mistaken it justs doesn't work that way.
19  Economy / Speculation / Re: A whale transferred 4,500 bitcoins to Binance; Is the price drop close? on: August 30, 2020, 08:42:14 PM
.......but maybe he's just securing his money in a big exchange for fear of a problem with his wallet address.....
How can an exchange be more secure than a personal wallet?
A person who owns at least 4,500 BTC doesn't use Binance for storing his bitcoins.

true, binance would be only the way to sell them, and they would be deposited only if the whale wants to trade them. We need to have big balls to hold an amount like that in exchange.

And yes, they drop in the price talks by it self. A big amount like those 4500 btc was involved.

Lol, that guy. Why would they do that when all they need to do is use several wallets to spread it over? I think that the user might be diversifying their portfolio. Have we seen any strange upward movements happening quickly? Perhaps it is the user. I wouldn't really worry about it. Worrying about this stuff will only make you crazy.
20  Bitcoin / Bitcoin Discussion / Re: I have shared about bitcoin on my class on: August 29, 2020, 11:59:41 PM
Freebitcoin isn't really a scam unless they don't come through with that Lambo they promised. All they saying is that they giving away up to $200 an hour. It could be $0.50 and still be "up to" it would only have to go up to $200 once in order to be true. So many advertisers use this sort of thing. It is because it's hard to keep up with the competition making all these promoses.

Look at internet hosting. They often sell "unlimited" hosting. It's not really unlimited.
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