Latest posts of: audaciousbeing

When your issue and this user started, you attracted enough of concerns about from reputable members of the forum who contributed to your concerns and I believe the matter was settled which I am also of the opinion that both of you have moved on. Going back to pull posts made in 2014 would be interpreted that you are only trying so hard to get him tagged after the issue you had with him and you have not moved on from the purported loss you suffered as a result of him pushing you out of his campaign.

DT members are humans and can see beyond what you are trying to paint here that its not anything related to your nobility of trying to curb bad behavior neither is it about how you wanted to clean the forum of those engaged in publicity of services frowned at by the community. I only hope you can move on because if you manage to be a DT member, I doubt if you will be able to give anyone who merits it a second chance.

Quote from: Irvinn on August 05, 2018, 02:08:27 AM

Bitcoin is unlikely to ever reach a price of $ 213,000. We already saw what happened when he just reached $ 20,000. Therefore, such a high price is simply not real for bitcoin.
Also, no decentralized crypto currency will ever replace fiat. No state will ever allow this to happen. It would simply mean in a short time to disregard the economy of any state.

I don't know how someone would only invested his time in writing an article and the result of which is speculation when interpreted further would only result to garbage. Reading the article is just bunch of information from several sources merged together without having a good overview on what is being reported exactly. A quote from an organisation like UBS claiming such an high value for bitcoin without telling and saying how it will get there, or a timeline to it is not different from all other crypto enthusiasts that would go to the media and exercise their ignorance about how $100,000 would be reached in two years or six months in the name of predictions.

Reaching a $50,000 won't happen in five years from now as the only reason would be if countries starts to adopt bitcoin as its legal currency. That alone is changing their identity which does not take few years to achieve as it involves changing government orientation down to the citizens value that they attached to their own currency. The best is for everyone to just play according to the rules and stop giving ourselves some unattainable goals and objectives.

Years back, I would have contradict this report but with recent happenings its really going to be hard to refute it even though I don't have the statistics. The reason for that is simple. Its becoming very difficult to move huge value of crypto everyday for drug lords and people who wants to launder money fast considering they don't move little amount of money, and don't always have the luxury of time to move funds in bit in other to stay below the radar. Every service providers related to crypto are asking for KYCs down to gambling sites, ICO sites, centralized exchange sites and there is no easy way for any platform to convert huge amount of bitcoin to fiat without leaving some form of evidence in moving from one account to another.

Quote from: 1BTC EQUALS 1CAR on August 08, 2018, 02:21:51 AM

Criminals shifting from bitcoin to monero still means that the whole cryptocurrency still dominates the means of transactions especially in the darkweb. Privacy coins should not be encouraged and should be removed in the blockchain system.

You might be right though but that is not entirely true that only criminal uses Monero. If that is your argument then you are also supporting the fact that previously bitcoin is being used by criminals and also saying that the anonymity of bitcoin has been compromised that is why they are moving but don't forget that except the high net worth people in the underworld, you will need a platform to convert your crypto to fiat.

While we are all trying hard to link the news about the extension of ETFs decision to the reason of why the price is really falling so hard, I personally think its only contributing to it rather than being the deciding factor because the news about the extension was reported sometimes last week when price was still hovering a little below $8,000 but now its now causing serious issue. I think there is need for everyone to change the narration away from ETF approval or disapproval and start focusing on things that matter or else they will continue to postpone till the end of the year and we will be here complaining about how last year was the best year that would ever be witnessed in entire existence of crypto currency.

Bitcoin Automated Teller Machine (ATM) is a good development but I don't see it being sustained in the near future. The reason why its a big relief for the fiat economy is because the cost of going to the bank to queue in other to have access to your own funds, the cost of hiring more bank workers to attend to this customers, the cost of having to build larger structures, branches and security to cater for the customers, outweigh the cost of using the ATM machines but for bitcoin, all of these costs have been covered and reduced to a large extent.

I don't see anyone who wants to buy or sell bitcoin and ATM machines is the first choice considering the availability of several options. We have exchange sites that allow fiat deposits which can be done from the comfort of your room, you can visit peer to peer sites and get things done, you can also have group of traders in your locality that would make things more easier without even putting into consideration the premium that would be placed on buying and discount that would be placed on selling by the ATM operators.

In Africa, the larger question that remain unanswered is who will regulate the activities of this ATM and unless there is a backing by a reputable bank with the support of the Central Banks, its not coming anytime soon.

Quote from: Undsoweiter on August 05, 2018, 05:38:48 AM

Hi guys,

I do some consultancy work online and my preferred method of payment is Bitcoin. Sometimes, however, people are simply not able to send Bitcoins directly – only fiat wire transfers. I have been thinking about a fix to this for a while, but haven't been able to come up with something. Is there a way for people to wire money to an exchange/service, that automatically exchanges the fiat to Bitcoin and then to me? I would want to avoid having the wire transfers sent to a bank account in my name, where I then exchange it the fiat to Bitcoin manually. The process of exchanging the fiat wire payment into Bitcoin wouldn't necessarily need to be automatic. But, I would want to avoid using a bank account, especially one in my name, as a middleman to make this possible. Are there any services/exchanges that provides a solution for what I am looking for, while remaining somewhat anonymous?

Kind regards,
Usw

What you are looking for is very simple as I guessed you want to receive your funds anonymously and unless you want are looking for ways to reduce your exposure, the only way is to start collecting your payments in bitcoin. All you need to do is to educate your clients for those who don't know how to exchange their fiats into bitcoin then send to you. With this, the effort you have to expensed will be transferred to them and since they don't care about privacy which was why they can use wire transfers, they really don't have anything to lose. Its a win-win for everyone but be ready to bear the loss that arise as a result of the fluctuations in the bitcoin market as disagreements on who to take this might frustrate the arrangements.

Quote from: rosyantony on August 07, 2018, 08:44:33 AM

Here is the coinbase week overview, What you guys think about the coinbase exchange??

You would have done more by bringing out the areas where Coinbase is the real scam because if there is anything to go by with the link you posted, you have just publicized how Coinbase has been doing its bit in increasing the development of the crypto industry. Aside from the article that talks about the bug in their system which prevents users from withdrawing their funds which I am sure its going to be a temporary one, every other would surely work in their favor.

Quote from: kipo on August 07, 2018, 09:10:49 AM

I have never heard about it because I use only Binance. However, thanks that you have said about this one. I will be careful and tell my friends that they need to check it out

Quote from: charlotte04 on August 07, 2018, 11:11:17 AM

Quote from: rosyantony on August 07, 2018, 08:44:33 AM

Here is the coinbase week overview, What you guys think about the coinbase exchange??

Yeah, I think coinbase now became a hype system for coins. They would have to tell that they would list a certain coin and people will start to pump and dump it.

Coinbase might not be perfect so like other exchange sites we have out there and more importantly the big names, one or two threads have been opened against them but its not enough to tag them as scams. The real people that should be blamed are those who uses such platforms for their own selfish needs by forming several groups with the sole purpose of pumping and dumping at the expense of newbies entering the market.

Quote from: SuperBazooka on August 07, 2018, 11:59:22 AM

$500 Million Bitmain Data Center to Bring 400 Jobs to Texas Coal-Mining Town

Bitmain, the world’s largest bitcoin miner and mining equipment maker has announced construction plans for a new blockchain data center and cryptocurrency mining facility in the city of Rockdale in Milam County, Texas. CCN earlier reported that the company released plans to construct a data center in Texas as part of an ongoing North American expansion drive.

The facility is part of a projected $500 million investment into the area, and it is expected to bring in up to 400 new jobs, which will make up a key part of what locals hope is a rebirth in an area devastated by de-industrialization and job losses.

Re-Industrialization in America’s Rust Belt
According to a statement from Bitmain, the facility, which will commence operations in early 2019 and become fully operational within two years, represents an investment of more than $500 million over an initial period of seven years into the local, county, and statewide economies.

Opened inside an abandoned Alcoa aluminium smelter plant, the facility is expected to breathe new life into the surrounding local economy, bringing in more than 400 jobs in the first two years and stemming the loss of skills, young people and money. The multiplier effect of increased disposable income on small businesses and property values in the area is also expected to be substantial.

Even more interestingly, Bitmain has also promised to partner with schools and educational institutions in Milam County to equip local students and residents with the technical and professional skills needed for careers at the data facility. To underline its seriousness about its investment plans, the company has already announced recruitment for several positions at the Rockdale data center including engineers, technicians, senior management, sales associates, finance associates and research associates. https://www.ccn.com/500-million-bitmain-data-center-to-bring-400-jobs-to-small-texas-town/

Now this is one of the real news that I want to be hearing concerning blockchain related companies making direct impact on the economy backed by real figures and verifiable evidences. While 400 new people added might not make any impact on the average employment indices of the country, its sure going to make significant impact in the city of Rockdale in Milam County, Texas as I see more shops opening up, accommodation getting a boost as not everyone employed there would be locals, night live getting a boost over there and the increase that would happen to government coffers in terms of various taxes that would be generated as a result of direct and indirect impact of this huge investment.

These are news that should be celebrated and announce blockchain industries are making direct impact and not everything is about price, ETF approval or disapproval, KYCs issues, gambling legalisation or not, evading of tax with crypto and a host of issues that have eroded the real impact that blockchain could bring to the community.

Quote from: HappyWhiteHuman on August 07, 2018, 12:17:43 PM

Korean Police Raid Firm in Fraud ICO Probe of $130 Billion Shipwreck

South Korean police have raided the office of the company that claims to have discovered the shipwreck of a Russian pre-World War 1 battleship carrying $130 billion in gold bars and coins.

On Tuesday, the Seoul Metropolitan Police Agency has raided the offices of Shinil Group, a cryptocurrency startup looking to sell treasure from a sunken ship it claims to have found, as part of an ongoing investigation into alleged fraud. The Seoul police department sent 27 investigators from its white collar crimes unit to search the offices of Shinil Group in Yeouido, western Seoul, as well as seven other locations to confiscate evidence, the Korea Herald reports.

As reported in mid-July, the cryptocurrency startup first claimed to have found the wreck of Russian warship Dmitrii Donskoi, a vessel that met its demise on the seabed during the Russo-Japanese War in 1905. Several historical records cite that the warship had been carrying over 5,500 boxes of gold bars and 200 tons of gold coins, worth an estimated $130 billion in the present day. Shinil backed those claims, claiming the ship held 150 trillion won ($130 billion) in gold on board. Shinil Marine claimed to have discovered its hull and wreckage near the island of Ulleungdo, east of the South Korean peninsula.
https://www.ccn.com/korean-police-raid-firm-in-fraud-ico-probe-of-130-billion-shipwreck/

I just wonder how some people would even believe this kind of story in the first place and more surprising is how the same people would have been warned against some African prince scam would believe that their gold when harvested from the sea shore would just turn them to multi-millionaire forgetting that gold itself its a state property and the gold they are claiming they found is not in a forsaken land or planet that they can just lay claim to without having to face the forces of government that would have created a ton of war if the wreck managed to have been on international waters.

I think its better to commend the pro-activeness of the police body for taking the right action at this time even though they should done it earlier but the most important is ensuring that the funds that they stole should be returned to the people they collected it from and be made to face the full wrath of the law not for their country sake but for the sake of entire crypto market.

Quote from: spyda5556 on July 28, 2018, 01:35:00 AM

Ok this is something that hits us all but when it comes to cryptocurrency there is a allot of uncertainty about how taxes will be enforced. There has been some news about different U.S. dollar amounts such as $10,000 at which taxes will be enforced or a certain amount of bitcoins traded such as 1 bitcoin at which taxes will apply. The majority of the news is based around cashing out on exchanges such as coinbase.
Based on what you have learned what do you think is the most likely scenario when it comes to cryptocurrency taxes in the U.S.?
Or comment on when do you think this will be clarified by the governing bodies?

When it comes to crypto taxes, the treatment would likely be the same depending on which particular section its being categorized by the jurisdiction and the treatment would still remain the same. What you need to bother yourself about is what is our country saying it to be. If its regarded as property, then the provisions of the Capital Gains Tax Act becomes applicable, if its regarded as a form of trading income for those engaged in mining activities, then that would be treated under the provisions of both Company and Personal Income Tax laws. For those doing running exchange sites or centralized exchange sites, those could be taxable under the provisions of either Value Added Tax or Consumption Tax depending on how its being interpreted. So, it does not really the jurisdiction, its the law except a new law is enacted to deal with crypto currency.

Quote from: Cristopherus on August 07, 2018, 10:23:34 AM

I'm expecting a new crisis to arise in the next 4-6 years, i think what's happening in the loan and reposition industry creates a pathological state.
Banks are still feeling too safe for what they're doing, their mistakes will sooner or later bring on a decline.
Also considering austrian cycle theory, i'd say we're in the boom. Soon gold and solid cryptos might be the go-to when it comes to keeping your money safe.

How long do you guys think we have until we face the next crisis?

Global financial crisis is too broad to have been explained based on the factors that you have explained up there. If the factors you listed are anything to go by, it has to have involved virtually all the countries of the world for it to trigger a global financial crisis. On the issue that banks are feeling too safe, I will have to differ because banks over here have not been any tighter than before. Aside the from the various technological advancements that they have been deploying over time, the regulation has not be loosened rather its more and more ensuring they are on their toes by the Central government. They now ensure before loans are given out, the human relationship factor has been regulated to the background and I believe this is applicable to some other countries of the world.

Concluding that we are in the period of boom is definitely out of it because as some countries are witnessing boom which I can't substantiate, quite a number of countries are currently in economic quagmire and struggling to come out of it, inflation is dealing with others, foreign exchange for others, foreign sanctions on some others, trade wars on other countries and even in crypto, this period would be agreed to be other than boom. And if we are really in such situation, it does not amount to people seeing cryptos and gold as the next alternative.

The time to face the next crisis to me, is not anywhere close by.

Quote from: eternalgloom on August 07, 2018, 08:58:10 AM

This is what happens when news agencies just copy stories from each other, instead of actually doing their job and verifying the actual sources of any particular story.
In this case it was clearly poor journalism that caused this little tidbit of misinformation getting spread, but sometimes it's also the crypto companies themselves who are spreading fake rumors.

I would't have agreed with you if we had not been seeing something like this before and I wonder what people intend to gain on passing wrong information which would be disproved in a matter of hours. Just like what was reported few weeks back about Samsung now accepting bitcoin in some countries in the world whereas, it as a case of a particular crypto start making the opportunity available where people can buy their Samsung products with crypto while they made the purchase. I maintained that until when there is an official release from Samsung website on the acceptance of crypto there is nothing to be joyous about.

In as much as we are not pessimist to good news and developments happening around the world of crypto in terms of adoption, there is need to be truthful with news being paraded because without that, its just making credibility a scarce commodity in the cryto space and when that happen, trust is gradually being eroded which is not good for anybody.

Quote from: wsxdrfv on August 03, 2018, 08:39:18 AM

So scenario is, if some of exchange's user deposit coin to his address given by the exchange, but at that time that exchange's coin daemon server was down,

then how exchange know later those missing transactions and record all of them to own record DB?

manually type [ coind listtransactions ] and compare manually?

Aren't there more automatic handling way of this sort of problem?

People who run the business knows the way they go about it and that is one of the uniqueness of blockchain. Unlike bank transactions that can be intercepted along the line that there is a conflict between the sender and the receiver with one claiming to have sent while the other claiming he has not seen. So far you copied the right address from their website, when they are through with their synchronization, it will definitely be there. I have sent to exchange sites without even knowing they had issues with their own wallet whereas from what I was checking, I was seeing several confirmations which was not showing and I was not disturbed because I knew I copied the right address from their site which later updated hours later.

If you are looking for operate an exchange, I am sure this would have been included in the software configured for the site and there would surely be a way to navigate around such scenario.

Quote from: rosyantony on August 04, 2018, 09:40:36 AM

As I my last post https://bitcointalk.org/index.php?topic=4816291.new#new Walmart has filed the patent application entitling “Managing Smart Applications Using Blockchain Technology”.

And now SEC reportedly issues a subpoena to Long Blockchain last month. This is a part of the regulator's efforts to extensively scrutinize public companies that claim a switch to Blockchain technology.

What you guys think about blockchain Tech???

In my humble opinion, its about seeing the bright side in all of this in which others would see the challenges and fear about what the outcome would be for blockchain as a technology and bitcoin as a currency or any interpretation we all give as the reason for being associated with it. For me, its a testimony that the technology has come to stay, that its a success and all of them are struggling to maintain the first position in any of their industry, flaunt and brag about it, then profit from it. If its not, all of the disagreement or the regulators wanting to exercise their power and remain relevant would not happen if its a dead project. Focus on the bright side people.

Quote from: Edudeps on August 03, 2018, 02:36:07 PM

Who benefits more from Blockchain Recruiting without middlemen: job seekers or employers?
Blockchain rapidly develops and updates many spheres of human life, and recruiting is not an exception. I analyzed many projects and their products, but not all of them are unambiguously clear, and it's not always clear whether someone will use this product/service at all.
But will employers do this themselves, or will they work through HR and other recruiting agencies?
Will blockchain be able to incentivize employers to work without middlemen and without overpaying third-party recruiters to find employees?
Will this trend of transfering online recruiting process to blockchain work at all?

In the context that you are looking at the use and implementation of the blockchain, I don't think blockchain is about putting some people out of job but rather making the process a seamless one than what is currently being witnessed. In the areas of recruitment, I don't see recruiting agencies put out of business because organisations hire them in the first place because they don't have the time to start scouting and screening pool of candidates to hire what blockchain would then do is to help the recruiting agencies do that job faster and be error free to a large extent in areas of certificates that applicants are parading.

Another reason why employers go through third party recruitment agencies is to reduce the cost of employee and attaching obligations that comes as a full staff but with being hired by third party firm to work for them, they are absolved of such responsibilities which I don't see blockchain eradicating.

Quote from: Wellmee on August 03, 2018, 02:11:55 PM

Hi to all, I am a newcomer here at bitcointalk. I read through the comments here and it summarizes what we are facing now with our Wellmee project. We just started with the promotion heading to initial token offering in November and I see how it will be damn difficult with no budget for marketing to let people know about us and to prove that our intentions are sincere. Any idea how to "get out of the crowd"? except of hard work and all full of enthusiasm - we have that already :-)

Thanks for any kind of advice, Milan

Since you have realised how difficult it will be to let people know about the project without adequate funds for marketing purposes, the most important thing you should be focus on is how to get the required fund to finance your marketing activities as without that you might realise you have wasted efforts. First is to shelve the idea of using your token to exclusively pay for marketing activities as doing that might face resistance from the community. There are ways to raise funds which range from your micro contacts to established.

First option you need to consider is raising funds from savings and your team members who believed in your project with that, you can kick start the preliminaries such as the designing of logo, website, ANN thread, signatures etc. after which you can expand to other individuals outside your comfort zones.

After the above, you can then combine the payment of advertisers with the fund you are able to raise with your coin or token which you can crowd fund through the pre-ICO sale then from there, you have a good start. Other options is getting venture capitalists of financing the project from the start to finish but they are sure to have equity control.

One important factor to make this work is if you have a workable solution as your design and advertisement can only attract people to you but the content of the project would make them want to stay and invest.

Quote from: cryptoaddictchie on August 03, 2018, 03:35:56 AM

I think Bitcoin ETF sits on a 50/50 chance to be approved yet but there's still a glimpse of light shining as one of the Commissioner Hester Peirce in favor of it, in a sense that she likes to open on US an nnovation approach that could contribute to greater development.

The new member of the commissioner dissent the decision of rejection of Winklevoss Bitcoin ETF with a 3 to 1 vote, stating that the rejection isnt fair and over jurisdiction since they only looked on the possible outcome that price will be manipulated.

Quoted from Her interviewed “I think we have an important role to play telling the United States and the world that our capital markets are open to innovation,” said Peirce. “And that’s what sort of drove my dissent last week and what really drove me to come back to the agency as a commissioner. ”

There's no timeline when the voting will commence and not sure if its on the middle of 2018 maybe early 2019.

Full report can be seen here for your info.

source:
https://bitcoinist.com/no-reason-bitcoin-etf-sec-commissioner/

Its really good to have a positive note of choice and I wish the team member would correct their wrong in the coming ETFs that is about to happen. While we are happy about this, there is a germane point that is raised here which is on the issue of price manipulation that other members of the committee are using as an excuse to have a dissenting voice. If ETFs applicants are not going to address this issue even as market participants are always quick to blame the whales in times of increase in price and dumping in times of drop in price, the decision of the committee might still remain the same because they would not want to soil their names by setting a bad precedent that if subjected to review, could tarnish the reputations that they have built since the beginning of their career.

This is more of a call to all stakeholders media, service providers, licencors and traders to start with the launching of campaigns to correct the impression of price manipulation because for this news to come out is showing there is a weakness to be worked upon in which if successful, everyone will be better for it eventually.

Quote from: GetbitcoinsIo on August 01, 2018, 03:53:55 PM

According to a legal report released in July 2018, the country’s lawmakers are considering legalizing the multi-million dollar sports betting industry – naming cryptocurrencies as a legally acceptable payment method akin to credit and debit cards.

Read more: https://cryptolo.io/cryptoblog/index.php/report-india-showing-signs-it-may-legalize-cryptocurrency-payments/

Personally, until I see some solid process in place towards the implementation of this, its safe to say its mere speculation. There have been several reports from several countries from Russia, China, United States and now India but at the end of the day there is nothing that comes out of it when the appetite of people have been wet already. The other part which is the sport gambling that is giving room for this speculation can surely be independent of crypto because since time immemorial, people have been gambling and they have been doing it without crypto so eventually if the country decides to legalize crypto due to the amount of resources they are losing from that end, they sure can do it and still outlaw crypto since that is the statement they have been trying to get out for a while now.

Quote from: deonyx on August 03, 2018, 02:15:38 PM

Most times I wonder who has the power in this market whether those fighting the Bitcoin or the community itself.

I know it's just not possible for everyone to have one mind in the market because we do not really come here together but there is much more that the community can do.

Despite how furious the forces maybe against Bitcoin, Did you know that even if Bitcoin crashes today, and no one is buying Bitcoin, there will be no selling out and indirectly that cancels the crash and when the air is cleared again we start normally well and safe again?

But this is very hard to happen because the government who is standing against Bitcoin also knows about that, and they will still be the ones to offer to buy and make people to lose their investments for a penny

I think it's time we update ourselves and stay stronger, because nothing can happen without the community involvement.

If you take a further look at things at times too, you will realize that the battle against bitcoin does not start with the government as what government has done with all of the others that have waged war against bitcoin is to expand and capitalise on the battle that started from within. Lets take a look at the several forks that have come from bitcoin, right from BCH to BTG, BTW, BTA etc and several that we have lost count with everyone of them claiming to be the real bitcoin or the real dream of Satoshi. Today, it has gotten so bad that it seems new version of bitcoin is launched every now and then and this is deceiving people on which one to put their money, why won't government step in, in the name of ''protection''.

Every now and then, when there is need for a blockchain of bitcoin conference, its not always complete until you have government representative as one of the key note speakers. Its on this platforms you see developers in the same crypto going head to head against each by outlining the deficiencies in each project while governments rep are taking note of where to launch the next attack and its working. The point is for the government and others against bitcoin not to win, the community needs to converge irrespective of its differences or else, government would eventually win and there is nothing that would be done to stop it.

Quote from: rausvi15 on July 28, 2018, 07:46:58 PM

hello guys
i'm working on a project to make digital currency legalized in my country,
can you suggest me some solid points and benefits of digital currency for a country so that i'll highlight these points during the presentation with the government agents of my country.
legalization of crypto currency in any country means, that country will become one of the largest market of crypto and benefits all investors across the globe.

In my own opinion, I think looking for every problem that blockchain would be counter productive because you will be faced with several things that is being done already to combat those issues and when the argument is solid enough, it might even defeat your position before getting the chance to proffer to them how the most important problem would be solved. I would suggest that you first look at the most important need of the country and that is what you should focus on tackling while other problems that can be solved will be an addendum.

For example, one unique problem that is facing most countries is the issue of election malpractices while its mild in some place, its an epidemic in other places and if your country happens to be one of the endemic ones, that is where your focus should be by coming out with ways on how the blockchain can be deployed to combat such issues but be careful not to bring in the part of changing the currency.

Another issue that plague most society is the identity theft which is something they have not been able to figure out yet. This is another area you can harness. Focusing on this two and presenting a solution, you are sure to get the attention of those that matter which you can be lucky to be selected as the one that will carry out the consultation or be part of the team.