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901  Bitcoin / Press / Re: [2017-10-10] Diploma and grading in the blockchain system - the future of univer on: November 14, 2017, 01:46:17 AM
Diploma and grading in the blockchain system - the future of universities?

Melbourne University announced that it plans to pilot a digital certification and verification programme based on blockchain technology. This would allow for the safe and long-term verification of student qualifications.

The University of Melbourne is working on a data storage program that would allow recipients to store and allow third parties to view grades and diplomas. Learning Machine stands behind the release of a system using an open source code - Blockcerts, created by MIT Media Lab in 2016.

https://dowbit.com/diploma-and-grading-in-the-blockchain-system-the-future-of-universities/

This is good for it will shorten the amount of time needed to verify such things. Sometimes there are urgent matters that needs to be taken care of but due to some documents needed that will take some time to obtain/verified, the process takes longer. If verifications are done this way then it would be less hassle to the students and those who people/schools/companies who need the verification.

It would be a big help as well if other documents that needs verification should use blockchain technology as well like marriage certificates, birth certificates and other records. It would surely lessen the amount of time needed and more things can be done.
902  Bitcoin / Bitcoin Discussion / Re: How Can We Make Sure Bitcoin Never Ends? on: November 14, 2017, 12:52:26 AM
Some people like the Brazil Central Bank Chief called Bitcoin a Bubble & Pyramid Scheme, how can the bitcoin industry prove this wrong and make sure bitcoin never ends but grows bigger?

To make sure that it continues to grow then we should continuously use bitcoin and spread the good news about bitcoin to the people. There would always be people/company who are anti to it because it doesn't serve their purpose so they would always find ways to discourage others who are not enlightened to the purpose of bitcoin. Bitcoin has been receiving a lot of attention lately and there are others who are trying to get its limelight but still there are strong supporters of it so if the demand will continue then bitcoin will continue to exist.
903  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin cash will confuse the people who are new to the cryptospace on: November 13, 2017, 02:52:35 AM
If bitcoin cash takes over as the top cryptocoin in market capitalization, I reckon it would be bad not only for bitcoin but the whole community as well.

We know bitcoin cash is the altcoin, and it does not have the best developers working on it. I also reckon some miners will start mining BCC because it would be more profitable for them. What then should the basis be for calling either BTC or BCC as the real bitcoin?

Is it the developers, the price, or the hashrate?

It would be the one that would have high demand. Every time a coin increase in value and bitcoin is retracing, many are saying that it is crashing and the one that is rising sooner or later would replace bitcoin but it is not happening yet. Many are trapped to the recent bitcoin cash pumped and if they are really the true bitcoin as what they claim then many should have been holding to it but still others sold their position at a loss. Bitcoin has been slowly accepted as payment option by many merchants and bitcoin cash may have bigger block size but only few are accepting them.
904  Bitcoin / Project Development / Re: What do you think about an idea to open a new cryptocurrency exchange on: November 13, 2017, 02:36:44 AM
There are many crypto exchange already and if you have lower fees and better UI then it is better but I think many would use your exchange if the users can easily reach you. There may be some people who have significant funds willing to put it in your exchange as long as they are assured they can easily reach you in case there are problems. One of the edge you would have over others nowadays would be fees and customer service. If you are ahead of others regarding this two then sooner or later, you would be known and on your way to the top.
905  Bitcoin / Press / [2017-11-13] Traditional Stocks Capitalizing on the Bitcoin Boom on: November 13, 2017, 02:18:19 AM
With the crypto craze seemingly only beginning, a few non-crypto companies have leveraged themselves to capitalize early. And it’s these companies’ stocks that are reaping the benefits of such first-mover status in the explosive crypto space.

Graphics Processing firms like AMD and NVIDIA have had strong performances in the stock market so far in 2017 courtesy of an explosion of user interest in mining cryptocurrencies in general, particularly the ASIC-resistance Ethereum blockchain.

And in 2018, the shares of the Chicago Mercantile Exchange Group (CME) look poised to enjoy the “crypto bump” – a potential forthcoming investment boon on the heels of the CME’s fresh announcement that they’ll be listing Bitcoin futures in Q4 2017.

Indeed, the three aforementioned firms are among the first in the world whose shares are being increasingly tethered to, and boosted by, the performance of the ever-wild cryptocurrency space.

For CME’s part, they’re among the largest futures and options exchanges in the world, meaning they’ll be well positioned to take advantage of the increasingly rocketing interest in cryptos in mainstream and institutional circles.

And for GPU manufacturers like AMD and NVIDIA, 2017 has already been a fruitful year – mainly thanks to the unprecedented interest in GPU mining that’s materialized over the past 11 or so months.

This booming interest is exemplified perfectly by the performance of NVIDIA’s shares, rising more than 50% between January and August alone. The crypto-boost was a sight for sore eyes for the firm, as their bread-and-butter gaming sales were down more than expected in Q1 and Q2.

NVIDIA CEO Jensen Huang told Marketwatch in August that cryptocurrencies’ effects on the stock market aren’t going anywhere anytime soon:

"Crypto is here to stay, and the market will grow to be quite large. It’s not likely to go away anytime soon. There will be more currencies to come – they will come from different nations. We stay very close to the market, and understand the dynamics very well."

Perhaps the interesting aspect of investing in shares like NVIDIA’s or CME’s, then, is that doing so allows investors to capitalize from the periphery of the crypto community without actually having to get down into the nitty-gritty of cryptocurrencies – especially at a time when the space is still premature and volatile in “the trenches,” as it were.

Traditional, more risk-averse traders might find these crypto-related, but not crypto-based, stocks attractive alternatives to investing in cryptocurrencies themselves in 2018 and beyond.

With a recent report out of the ever-reputable Wall Street Journal claiming powerhouse trading firm Goldman Sachs is looking to start their own Bitcoin trading operation, there could be a flight of speculative investors to Goldman’s shares in the weeks ahead.

Nothing is official yet, of course, but Goldman Sachs’ CEO Lloyd Blankfein hasn’t exactly been mum on the topic of cryptocurrencies as of late.

In a recent interview with CNBC, Blankfein explained that “I wouldn’t preclude” setting up a Bitcoin trading desk at Goldman Sachs.

And that would be a titanic legitimizing move for the entire crypto space if it really were to materialize. All eyes are on Blankfein and Goldman Sachs for now.

Source: http://bitcoinist.com/traditional-stocks-capitalize-bitcoin-boom/
906  Bitcoin / Legal / Re: Lawyers accepting bitcoin for services on: November 13, 2017, 01:53:55 AM
Mt law office accept BTC and ETH since about 3 years... nothing illegal here in Montreal, as long as you report your income, just as with fiat.

Louis
www.bitcoin-law.ca

Bitcoin is slowly spreading worldwide that's why it is not surprising that payments for some of the professionals are in cryptocurrency. Since they are lawyers, they know what are the applicable laws. In my country, I don't know any professional services that accept bitcoin or ethereum but sooner or later I believe, there would be someone who would consider it as payment option. The accountants, lawyers, engineers, doctors etc. maybe would consider it. Bitcoin is not yet legal but not banned in our country so maybe when bitcoin is regulated then they would accept it.
907  Alternate cryptocurrencies / Altcoin Discussion / Re: Should we transfer to Bitcoin Cash now? on: November 12, 2017, 03:12:39 AM
I want to know your thoughts about Bitcoin and Bitcoin Cash. Is Bitcoin Cash really going
to take over the No. 1 spot?

I don't think so. They have been claiming that they are the true bitcoin because their coin is the one described by Satoshi but for me Bitcoin Cash is an altcoin not THE bitcoin. I may buy BCH for short term profit to have more bitcoin. It is just a hype now and many are switching to Bitcoin Cash. If you are getting in now then better watch the price carefully because it has been increasing for some time already so it is bound for a correction and may continue to go down and be dumped by the people causing this hype. Cryptocurrency market is full of manipulation and this is one of it.
908  Economy / Economics / Re: When to buy and sell bitcoin on: November 12, 2017, 02:38:30 AM
but bitcoin when nobody wants to buy it when its cheap or a fud regarding bitcoin's life is being a hurdle on its pat, sell it when you are in the mindset of being euphoric in the market when its so high nobody is expecting when it will dump whats important is you gain something in the trade

Bitcoin has been going down now and others are in panic saying that Bitcoin Cash will be able to overtake bitcoin because it is the true bitcoin but what some people don't realize is that bitcoin is not crashing but having a correction and it is expected because it has been rallying for some time already. One should look at the possible support of the coin and then buy from there and when you see that there is a massive dump after reaching an all time high again, it is time to sell and look again for a possible support to buy again. This cycle just continues.

Many people are in panic when bitcoin goes down at $3,000 months ago saying its the end but what happen? If you believe in the coin and plans to invest for the long term, just hold on because it will reach another all time high again after the correction.
909  Bitcoin / Press / [2017-11-11] Head of Bankrupt Bitcoin Exchange Could Make Hundreds of Millions on: November 12, 2017, 02:03:07 AM
Mark Karpeles, the former head of what was for a time the world’s largest Bitcoin exchange, could wind up profiting handsomely from the portal’s ignominious 2014 collapse. Those who had owned Bitcoin on the site, on the other hand, stand to lose hundreds of millions of dollars generated by the cryptocurrency’s rising value.

Mt. Gox was one of the first convenient platforms for buying and selling Bitcoin online. Much like a bank, it retained direct control of the Bitcoin that belonged to many of its users. But it shut down in early 2014, claiming that hackers had stolen hundreds of thousands of its customers’ Bitcoins. Karpeles, in addition to being publicly condemned for mismanagement, faces criminal charges of embezzlement in the case.

Nonetheless, according to the Wall Street Journal, Karpeles could make in the neighborhood of $1 billion from the bankruptcy, thanks to Japanese law’s treatment of the Gox Bitcoins.

Article 124 of Japan’s bankruptcy codes required that liabilities be registered at market values when proceedings were opened in April of 2014. At that point, one Bitcoin was worth roughly $500, but the price has since risen to more than $6,300. Mt. Gox later recovered some of the allegedly hacked cryptocurrency, and still holds 202,195 Bitcoins, now worth around $1.5 billion.

But at a Sept. 27 hearing, Karpeles’ lawyer argued that those market gains belonged primarily to the collapsed Bitcoin exchange, not to the users who lost them years ago. According to the Journal’s calculations, based on a higher Bitcoin price earlier this week, selling off Mt. Gox’s remaining Bitcoin holdings at today’s prices while paying back creditors at April 2014 prices could leave a $977 million surplus. According to the Journal, Karpeles’ holding company, Tibanne, owns about 88% of Mt. Gox, meaning he could pocket a large portion of those gains.

According to Fortune’s prior reporting, Japan’s bankruptcy code does allow for liabilities in a bankruptcy to be marked to market values, but the Journal reports that the period for creditors to dispute such decisions has ended.

Source: http://fortune.com/2017/11/11/karpeles-mt-gox-profitable-bankruptcy/
910  Economy / Economics / Re: Where do you spend your money from Bitcoin? on: November 11, 2017, 03:48:21 AM
Today's economy is either rising or falling depending on the consumers and sellers. If you join the Bitcoin, there is a high probability that you will gain something from your money because there are a lot of opportunities here. So my question is, "Where do you usually spend your money that you have gained here in Bitcoin?"

From time to time, if ever I got some bitcoin I earn here in the forum, I use it to pay some expenses because of the shortage of fiat I earn. Fortunately, the platform in our country let me deposit my bitcoin directly to my bank account and there are some bills as well that I can pay directly with bitcoin without the need to convert to fiat. My plan for the long term is to earn enough bitcoin and then make a business offline so that I would not be force to convert my bitcoin to fiat because I would have enough source of income to pay for the bills.
911  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Should I trade my BTC for BCH? on: November 11, 2017, 02:55:17 AM
Hi,

I'm new here. Bought in to bitcoin at £5100, sold at £6050, then bought back in at £5400, but it seems to be dropping.

Should I trade all my BTC for BCH on the short term or is it too late to get in to BCH?

BCT seems to be losing me money by the minute.

Thanks.

Bitcoin Cash is getting some volume right now because of the cancelled fork. If you were able to buy after asking here then you are already in profit but if not then know first the reason why it is going up because maybe some people are just hyping it to get out later and you will just be dumped. Bitcoin is having a correction right now and many are expecting it. It may take a few days for it to go up again and people are shifting some of their bitcoin to bitcoin cash because for now, its trend is opposite that of the bitcoin. Volatility is not new in the cryptocurrency market so you should always plan your trade for you not to be burned.
912  Alternate cryptocurrencies / Altcoin Discussion / Accidental Ethereum Wallet Freeze Was Actually Deliberate on: November 11, 2017, 02:25:53 AM
News of over $300 million in ETH going frozen thanks to a flaw took the industry by a storm earlier this week. A user named Devops199 had claimed responsibility for triggering a critical security vulnerability in a Parity multi-sig wallet paralyzing all wallets that were created after July 20th. While Devops199 had said that they had triggered this bug accidentally, at least one company has suggested that it was no accident.

The problem stems from another bug that was discovered in July and during its fix a new flaw was left in the code. “Following the fix for the original multi-sig issue that had been exploited on 19th of July (function visibility), a new version of the Parity Wallet library contract was deployed on 20th of July,” Parity wrote in its advisory. “However that code still contained another issue – it was possible to turn the Parity Wallet library contract into a regular multi-sig wallet and become an owner of it by calling the initWallet function.”

Around 584 wallets have been affected, however, their total amount is unknown. Private researchers have put the affected amount in ETH anywhere from $150 million to over $300 million, but Parity has called this figure speculative. It is expected that most of the affected wallets belong to companies as multi signature wallets are predominantly used in the corporate world as they add extra security of only confirming transactions after multiple verifications.

After the news broke, Devops199 came forward suggesting that they accidentally triggered the bug. Following the reports, the user was even worried on GitHub if there would be any involvement of law enforcement.



In an email to Wccftech, Cappasity – a platform for 3D/AR/VR content production and exchange – says that Devops199’s actions may not be accidental. The company’s wallet was one of the affected as it was frozen due to the multi-sig vulnerability. “Our internal investigation has demonstrated that the actions on the part of devops199 were deliberate,” the company writes, mentioning the number of calls executed by the user.

“When you are tracking all their transactions, you realize that they were deliberate,” the statement says. “Therefore, we tend to think that it was not an accident.”

It is too early to suggest if these actions were indeed deliberate since Parity is yet to comment on this development. However, Cappasity added that contacting law enforcement agencies will be the right next step “if the situation is not successfully resolved in the nearest future”. Devops199’s account has since been deleted.

Source: https://wccftech.com/frozen-300-million-eth-was-no-accident/

What do you think about this? Is there something fishy about the frozen $300 Million ETH?
913  Alternate cryptocurrencies / Altcoin Discussion / Re: AIRDROP on: November 11, 2017, 02:04:31 AM
do airdrop really can give huge benefits??

Some airdrops are just scam because they just want to get the information of some people. When you fill up the form, some require the information of private key and for those people who doesn't know the importance of private key, they easily get swayed and give it out only to find out later that their coins are already gone. There are some airdrops that are legit and may have some value. You just have to wait for sometime for the coin to have some value because many of them are late bloomers and some are being hype but with no real value but you can still benefit from when you sell at the right time.
914  Alternate cryptocurrencies / Altcoin Discussion / Re: Trading or ICO on: November 10, 2017, 03:56:23 AM
Hi, everyone. I got about $5000 to invest in crypto. Which one is more secure and profitable: trade crypto (yes, I'm a newbie) or invest in ICO?
I've made my own research and investing in several ICO's seems more attractive for me, but want to know your opinions Wink

Since you are a newbie in trading then it is not advisable to put all your money there.You can choose to put an amount  that you are comfortable with and if you feel that you are already familiar with the market then you can choose to put a higher amount. You can also invest in several ICOs but do a due diligence first like knowing the people behind the projects and know the public sentiment of the project because you might get a hint of the project has many supporters or not. Many ICOs are scam so better be careful where you put your money and if there is a possibility you can communicate with the developers personally then meet them especially if you are putting a significant amount to the project.
915  Bitcoin / Press / Re: [2017-11-10] Bitcoin Over Stocks: Millennials Moving With Times on: November 10, 2017, 03:42:01 AM
I am one of the millennials and I agree with the survey. Technology is a big part why millennials are more open minded in investing in a new kind of investment vehicle than the previous generations do. Though it would be more wise to diversify the investments to spread the risk, more of millennials are choosing to invest in crypto because of its huge difference in terms of rate of return compared to stocks. Because this generation is used to having things easily and instantly like fast food, instant messaging, instant noodles etc., we are easily getting impatient to things that takes a long time and bitcoin is somehow a fast way of getting ROI that's why it is far more attractive than investing/trading in stocks.
916  Economy / Trading Discussion / Re: trading guide for newbie on: November 10, 2017, 03:14:56 AM
i am new to cryptocurrencies trading is new for me. how can trade ?

First you need to have some background first in trading. I can recommend babypips because in here you will learn trading step by step because it is like a school where you are in a certain grade and then graduating after you are finished with the level. It is focus in forex trading but in can be applied to cryptocurreny trading as well. You will learn fundamental, technical analysis and market psychology.

After graduating, you may proceed to actual trading. Choose an exchange and trade whatever coin you like may it be against BTC/USD or Altcoin/BTC. I recommend Bittrex because there are plenty of coins to choose from. Only trade what you can afford to lose and never let your emotions do the trade for you but it is easier said than done. Nevertheless, if you lose, just learn from it and move on. It is in losing that you will truly learn how to become a consistent profitable trader.

917  Economy / Speculation / Re: Report: Bitcoin to $25,000 by 2022 on: November 10, 2017, 02:49:03 AM
This maybe possible considering the volume of users it has gained during the years and this shows the increase of price x6 in just only this year how much more if more people knows about bitcoin. Mostly people in my country dont know anything about bitcoin or in general population only 4 out of ten knows about bitcoin and most of them are youths. We can probably achieve $25000 through sharing the knowledge about crypto's.

This study is not entirely impossible knowing that in just a year, bitcoin has yet again increase 10 times compared to its price last year. In our country, maybe less than 1% of the population knows about it and if it keeps getting the attention of the media may it be in papers, television or social media then price would continue to go upwards due to high demand. Of course there would be some downward trend from time to time but if there would be no event that would make the people still choose bitcoin over others then $25,000 may be reach earlier than 2022 and that would be good for all of us.
918  Economy / Trading Discussion / Re: Best Altcoin Trading Platform ? on: November 09, 2017, 06:33:46 AM
I use Poloniex before but because of the issues before of the withdrawal, it had me worried to I decided to transfer to Bittrex and even though it has higher fees, there are more coins to choose from so I have no problem with that. There is an issue as well in Bittrex about accounts being disabled but thankfully my account is not affected. I also open an account in Cryptopia and coinexchange to buy some coins not available in other exchange platforms. Etherdelta is also good but it doesn't trade bitcoin but still you can find some gem coins there.
919  Economy / Economics / Re: Why is bitcoin better than stocks, real-estate? on: November 09, 2017, 05:41:53 AM
Bitcoin is still quite new that's why there is too much price volatility and the rate of return has a huge difference when you put your money in stocks or real estate wherein you will get back your capital in a few years while in bitcoin, it may just take months. For now, bitcoin is a better investment because of those reasons but eventually the price of bitcoin would stabilized as more people would get involved with it. Stocks and real estate investments have been existing since time immemorial that's why the buyers and sellers have already a benchmark as to its growth while in bitcoin it is yet to be found because it is in its early stage yet.
920  Bitcoin / Bitcoin Discussion / Re: Too late to get involved into Bitcoin? on: November 09, 2017, 05:08:58 AM
There is only a small percentage of people who knows bitcoin and if it keeps growing then price would go up as well due to the limited supply therefore it is not too late to get involved with bitcoin. There are still so many opportunities to earn bitcoin and if you really want to earn much more then invest into a project that you believed in and wait for it to grow in value. There are so many people who registers in exchanges everyday and there are still so many who are unaware of the digital currency. In our country, I can observed that the users are growing but if I base it on the people that I personally know who uses bitcoin then there are only two of them so it is not yet too late.
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