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January 28, 2020, 07:47:56 AM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
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1  Economy / Speculation / Re: Halving, who's closest with actual Nrs TAKE A CHANCE on the LIST !!! on: January 27, 2020, 09:00:56 AM
^
Yeah indeed .... the hatshepsut93, real time isn't working anymore??

I'm using my own name mention notifier, so it's better to reach me out via a pm or making a forum quote of any of my posts.

What is this magic? Shocked I want one too. I always knew I should have learned how to code.

I'm referring to the service I created - https://bct-quote-notifier.herokuapp.com/

Coding is pretty fun, you can automate things in your daily life and work and it can just be a great hobby, since it always feels very rewarding when you write some code and run it.
2  Alternate cryptocurrencies / Altcoin Discussion / Re: Cashing out Legacy BTC-Core Wallet (empty) of BSV/BCH/Other to BTC-Core. Poll! on: January 26, 2020, 09:18:41 PM
I dumped my Bcash quite soon after that shitcoin was created, so even though I didn't get any BSV, I still got much more profit off it because back in the day the price was like 3 times higher than now (I'm talking about BTC price, not USD). You are doing a right thing by dumping those shitcoins asap, they will be going further down over they years, all these pumps are just manipulations created to draw suckers.

Also, why are you referring to Bitcoin as "BTC-Core"? You're just creating confusion, it sounds like you are talking about yet another fork.
3  Bitcoin / Project Development / Re: Looking for web app ideas (free and open source) on: January 26, 2020, 08:58:00 PM
I want to make some telegram bot to practice working with their API, but I'm out of ideas of what to create. I also saw an interesting Bitcoin block API here recently, and it would be great to utilize it to create something useful, but I can't thing of anything original, and I don't want to create something like address watcher, since there's probably countless implementations of it.

So, I'm open to ideas, the project will be free and open source as per OP.
4  Economy / Economics / Re: Centralized exchanges have become the banks of the cryptocurrency world on: January 26, 2020, 08:22:51 PM
There is a lot more in that article about the perils of launching a coin.

The only solution it seems to me, is to build a community and then get that community to use a decentralised exchange. The only reason Dex's arn't being used is because there isn't volume there - but that can be solved if an entire community decides to use a particular Dex.

How much of his stash did Satoshi give to exchanges to get Bitcoin listed? Oh wait, it's zero because exchanges listed it for free. The solution is clear - build and they shall come. The guy from the article complains about oversaturation of exchanges, but there's also oversaturation of shitcoins, hence why exchanges can charge big buck for getting a shitcoin listed there. If a project is indeed honest and all around good, it shouldn't matter if its listed or not, people will find ways of exchanging it and using it.
5  Bitcoin / Bitcoin Discussion / Re: Let's talk about bitcoin's image on: January 26, 2020, 04:24:52 PM
But is the community aware of the extent the corporate world largely attempts to undermine those notions? Bitcoin could suffer from collateral damage if this disastrous brainwashing keeps propagating a dotcom style bubble around blockchain. Shouldn't we be doing more to divert corporate enthusiasm about blockchains towards an actual blockchain? I would go as far as to argue that informing the public is a responsibility of experienced cryptocurrency users.

You are correct here, when I see a forum member talk about crypto and blockchain technology as if it's the same thing, I always reply to them with an explanation how they are radically different things aimed at very different groups of users.

But I don't believe that Bitcoin would suffer too much, for starters the blockchain bubble was in 2017 and was started by Bitcoin's bubble, not vice versa, now we potentially have another Bitcoin rally, but alts and corporate blockchain hype are lagging behind - so there's no strong and two-sided correlation here. Plus these "blockchain bros" are doing their best to distance themselves from Bitcoin by saying how old and bad it is, so its another reason why Bitcoin won't be affected much.
6  Bitcoin / Bitcoin Discussion / Re: [D-8] Bitcoin is getting 3 major upgrades - Schnorr, Taproot and Tapscript on: January 26, 2020, 02:43:28 PM
There hasn't been a significant upgrade to Bitcoin since SegWit, but I gather there is likely to be a soft fork later this year to introduce these 3 enhancements. I've already posted a thread about Schnorr signatures, and how they can improve block packing, but what about Taproot? I believe that these changes will help Bitcoin along its path to maturity and acceptance by investors. What do you think?

BIP 141 was posted in the very end of 2015, and it took us 1,5 years to see SegWit activated - BIPs 340-342 were posted just recently, and I have a feeling they will take much longer to become a part of the protocol, and there's even a chance that some might never get accepted, or it will take much longer than expected. These changes have bigger scale than SegWit, so the devs will need more time to review and test them.
7  Bitcoin / Bitcoin Discussion / Re: Crypt is now legal in Ukraine on: January 26, 2020, 02:19:59 PM
Ukrainian Finance Minister said  the government is in position  "to block crypto wallets" containing " illegally obtained crypto assets" . (I wonder how to?) .

Ukraine to Block Crypto Wallets for Illicit Funds, Finance Minister Says



They are going to ask crypto exchanges and banks to do KYC of people who do operations with crypto past certain limit - around $1,200, and they will have to report "suspicious" transactions and regulators might order to freeze assets on those online accounts. They also talk how they will be using chain analysis to do their verifications.

Also, there's another interesting line that wasn't in the article - the minister said that they don't see crypto being used by corrupt officials, so it should be legalized in long term to boost economy.

I wonder if crypto holders will pay a crypto tax in case of legalization?

What do you mean by "crypto tax"? People are already supposed to pay a tax on their profits from trading, but since this potential crypto legalization is still miles away - there's no proposed law or even just a plan, no one knows how would the taxes look in case the legalization will happen.
8  Alternate cryptocurrencies / Altcoin Discussion / Re: When Will It All Slow Down For IEOs and What Will Replace Them ? on: January 26, 2020, 01:41:10 PM
You highlighted the ICOs phenomena of years ago and about the hundreds of millions of USD$ they generated and I do agree with you when you say: "IEO as a concept is an attempt to gain trust of investors who understand how insanely risky ICO's are" because there is some element of truth in it but there is also ample opportunity for scam exchanges to make lots of money by facilitating IEOs they know to be scams and also by lauching their own IEOs under aliases and use heavily handed selling/promotion techniques to dupe victims.

I think maybe some form of more trustworthy investment platform will be arriving sooner than we think because if IEOs can replace ICOs then surely IEOs can be replaced too.


In traditional finance such "trustworthy investment platforms" are simply stock exchanges, because they are tightly regulated so it's hard for scam companies to list their stock there. If top crypto exchanges were super regulated, they could list the most trustworthy token/coins offerings.

But I don't believe it would make these offerings much safer, even if you remove scams, the chance of failure still extremely huge, if you take all the coins in history, how many of them actually succeeded? I'm not talking about success as "reached 10000% growth", I'm talking about "delivered a working product as was promised" and then "that product achieved the minimum level of adoption". Ethereum is the most successful ICO, but still its future is unclear, we don't see any useful dapps around, while ETH was marketed as "world's computer" that will created "web 3.0" and so on.
9  Bitcoin / Bitcoin Discussion / Re: Crypt is now legal in Ukraine on: January 26, 2020, 01:20:32 PM
Ukrainian Finance Minister said  the government is in position  "to block crypto wallets" containing " illegally obtained crypto assets" . (I wonder how to?) .

Ukraine to Block Crypto Wallets for Illicit Funds, Finance Minister Says



They are going to ask crypto exchanges and banks to do KYC of people who do operations with crypto past certain limit - around $1,200, and they will have to report "suspicious" transactions and regulators might order to freeze assets on those online accounts. They also talk how they will be using chain analysis to do their verifications.

Also, there's another interesting line that wasn't in the article - the minister said that they don't see crypto being used by corrupt officials, so it should be legalized in long term to boost economy.
10  Other / Beginners & Help / Re: Windows 7 stopped product supports. Please upgrade your Windows and wallets ASAP on: January 26, 2020, 12:05:15 PM
Why are so many people hesitant to update to Windows 10?

People who care about their privacy, security or prefer OSS (Open Source Software) would be hesitant. But for regular user, it'd be application compatibility with W10 and fear the upgrade will break their OS (W7 to W8/W8.1 upgrade was messy)

Well, he said update, meaning go from Windows 7 to Windows 10, so concerns like privacy and OSS aren't likely to be the reason here. My guess is that people just got used to their OS and don't see any good reason to update if what they have works well for them, especially if they have to pay for the upgrade or their system can't handle the requirements of the latest Windows.

why not use linux .ubuntu ,redhat,centos,and so on...

Not all software runs well on Linux, or maybe some people don't have time to learn Linux - there can be many reasons.
11  Economy / Speculation / Re: Corona Virus will Impact the price of Bitcoin ? on: January 26, 2020, 11:54:31 AM
The fact that people even ask this type of question just shows how many owners of Bitcoin lack the basic understanding of trading, which is kinda worrying, since it means they can easily be manipulated by media. Just learn how markets work in general , the same things that work for gold, currencies and other assets also apply to Bitcoin.
12  Economy / Speculation / Re: Bitcoin valuation forecast for 2020-2060 from $10K to $100K: Is it reasonable? on: January 25, 2020, 07:31:31 PM
The further you go in time, the harder it is to make a correct prediction, and the more useless this prediction would become - some people who hold Bitcoin would be dead by that time, many will be retiring or just past their active years where they won't need as much money like when they were younger. 5-10 years should be the limit for long term predictions.
13  Economy / Speculation / Re: Halving, who's closest with actual Nrs TAKE A CHANCE on the LIST !!! on: January 25, 2020, 04:40:54 PM
^
Yeah indeed .... the hatshepsut93, real time isn't working anymore??

I'm using my own name mention notifier, so it's better to reach me out via a pm or making a forum quote of any of my posts.

Now, I checked the site, there's something wrong with Bitstamp's API, it randomly fails to provide the necessary headers in their responses, which makes browsers block them, thus throwing an error in my script that creates the table. I can add the fallback API, for example coingecko, but then the price will be slightly different and the table will sometimes be not 100% accurate. Does it sound good?
14  Alternate cryptocurrencies / Altcoin Discussion / Re: Chinese Crypto Vs Corona Virus on: January 25, 2020, 04:20:38 PM
Obviously a huge global pandemic with millions of victims would have negative consequences on the global economy, and if the timing is right, it could drive the economy into a recession, as we already have some gloom and doom predictions in the recent years. However, we are very far from it, the last decades had many outbreaks like Ebola or SARS, but they all were largely contained and no observable effects on the economy were witnessed, so it's likely to be the same this time.
15  Other / Beginners & Help / Re: scam spam on: January 25, 2020, 03:16:03 PM
It's great that you raised awareness for this type of scam, but unfortunately some people will keep falling for scams like this no matter how many times they read about scams - there can be countless variations, and the only thing that can prevent them is distrusting every unsolicited message as the default policy. The general rule is, if someone wants you to send them money and promises you more money in return, it's 100% a scam.
16  Bitcoin / Bitcoin Discussion / Re: Bitcoin bank, Necessary? on: January 25, 2020, 02:41:08 PM
There are already Bitcoin banks - Xapo, Coinbase, big exchanges, payment middlemen - they all offer to store your Bitcoins and provide additional services like fast conversion between fiat and Bitcoin, Bitcoin payment cards and so on. And they do have KYC and can freeze your accounts if the state tells them to. The reason why they exist is because a lot of people are into Bitcoin only for investment, so they don't care about its values and gladly trade their control for some perceived convenience of having a third party manage your coins. It's an open question how Bitcoin ecosystem will look in the future - whether people will start opening their eyes and using their own wallets, or more newbies will be joining and using such "banks".
17  Bitcoin / Bitcoin Discussion / Re: Elon Musk finally weighs in on Bitcoin in a longer than usual commentary on: January 25, 2020, 10:57:23 AM
Why do people keep looking for validation from all these business celebrities - Musk, Gates, Wozniak, Buffet and lately Schiff? Do people only use stuff because its endorsed by famous and successful people, or do they actually do their own research do determine it themselves? I'll tell you a secret - all these famous guys didn't look deep at Bitcoin, they've just read some articles that had the usual narratives like "brilliant new technology but with high energy cost and criminals use it", and they just parrot it just like shitposters on this forum parrot what they read from news articles.
18  Other / Beginners & Help / Re: Conquering the impossible on: January 25, 2020, 08:59:49 AM
I have to say I'm one of those who posted it but not to brag mate, actually a lot doing this. But only few criticizing them for their post. It's not their fault to get merit for what they post. Also how can you blame those who merits this kind of post if they just appreciate what the poster said?



I generally don't care about for what posts others get merit and how much, and even in this situation this is not the case - the problem is that such kind of meriting creates incentive for repetitive and low-effort threads that clog this board, thus preventing valuable threads from being visible. There's a larger problem here that this board is viewed as some sort of merit-farming ground, and different people are beating a dead horse with their guides that were posted many times already.
19  Economy / Speculation / Re: What set of conditions can crash blockchain or bitcoin to zero USD? on: January 24, 2020, 08:17:54 PM
Nuclear war or other similar-scale disaster that results in destruction of the Internet is the only scenario when Bitcoin can literally crash to zero. Other scenarios can lead to Bitcoin's price tanking significantly, but Bitcoin would still exist, even in your example of some superior cryptocurrency Bitcoin will still be used and as the result have value.

Now, about a better cryptocurrency - it should be fundamentally overall better than Bitcoin to dethrone it - so far various shitcoins say that having faster/bigger blocks makes them better than Bitcoin, but that's a lie aimed at people who don't understand the basics of cryptocurrency technology. If you don't educate yourself, you will not be able to truly tell if a coin is better than Bitcoin or not, so you will leave yourself vulnerable to all these scammers with their marketing teams who try their best to sell shitcoins.
20  Other / Beginners & Help / Re: Conquering the impossible on: January 24, 2020, 07:58:50 PM
Posts like this have seriously just became merit bait now.

And this board really becomes flooded with them - I blame the people who merit such posts for causing this mess in the first place, like why does stating that you earned hundreds of merits deserves more merit? Like, it's good that people tell about their experience and show that ranking up is possible, but it doesn't take much effort to do so. If you want to help that member, check their post history and find posts that you legitimately want to merit.
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