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1321  Economy / Gambling discussion / Re: Does this sound realistic? on: July 11, 2018, 07:41:24 PM
Ok! I was actually trying to get reasons why people get addicted to gambling which we all know is more self inflicted. However, I came up with this theory for someone who may actually want to gamble and then would not want to get addicted based on trying to fix their mentality about it and I would like to seek your opinion on what you think about it, if it can actually end up working for any gambler or not.

The theory is;
If you want to gamble, see it more like you are paying the casino or gambling platform to have some fun (just like you do to go watch some movies in cinema), which if you are paying for anything, you are not meant to expect it back. The good thing however is that, you can actually end up being paid more for having that fun if you get lucky, but the chances of seeing that happen is pretty slim. In that light, if you cannot actually live with doing what I said above, then you should not be gambling at all.

Does this sound like a mentality that can help anyone understand what they are in for if they indeed want to gamble or something even those who are tending towards addiction can set their mind to so as not to get into that deep gambling hole that is hard to come out from?

The way you painted it makes it so simple as straight to the point but that is not the way gambling is and I don't see anyone who engage in gambling without the primary objective of winning when that is no longer achievable, we can then start to give ourselves some succor by coming with other objectives. Your analogy is right but replacing that as the primary objective is what I see as impossible.

Gambling is serious business to people. The money you are wagering was not given to you for free some people work hard to earn that money so if they want to have fun without any return in terms of income, there are several places to do that which is not limited to cinema, clubs, vacation, traveling, swimming, play games etc.

The way out for me is finding another means of earning sufficient income which is equally time consuming ( for someone struggling with gambling at the moment) but for a mild gambler, I don't think there is need to worry about whether he sees it as fun or as a means to earn something decent.
1322  Economy / Web Wallets / Re: What does this mean? Received this email from Coinbase on: July 11, 2018, 04:08:04 PM
Simply put, use the API provided to send/receive funds from your wallet. Don't act as a mediator for transactions involving a wallet which don't belong to you. Should you wish to do so, they have a third party authorisation tool which sets the app permissions by the other users so you can have a sort of control over their wallet.

To simplify it further, it is similar to using your google account for signing up on other websites. You will be shown a pop-up to grant access.
yes, i'm using their API mainly for receiving only. sending out is other methods. hence, i'm a little worried that coinbase might block my acc if they do not allow me to be my clien't asset custodian.

The moment you are beginning to have this kind of worry, then its best that you begin to look for ways to move your funds to where you have full control or maximum control. The issue is the moment you have violate their terms based on the activities you have engaged in, they would have the maximum reason to lock you out of their account irrespective of the amount you have there and for someone like you in custody of other people's fund, I believe you know the implication of people not having access to their fund when they need it.

The best interpretation to get in this kind of situation is to write to support for clarification because no one can really say 100% what they had in mind for sending that mail but before that, ensure you had transfer what you have in to another wallet and you can equally use Paxful API for the same purpose if they proving difficult to deal with.
1323  Economy / Services / Re: Stolen BTC Bounty on: July 11, 2018, 03:39:32 PM
A couple of months ago, almost all my BTC were stolen from my laptop. As I was really upset about it, I decided to distance myself from the forums and everything else, but now that I've decided to come back; I want answers.

The funds have ended up here; https://www.blockchain.com/es/btc/address/1JSmxSp4ULs7bYaQEkoHjQszFcfpFQs6gP, before being separated into 2 different addresses.

The bounty goes as follows: 10% of what I lost, to whoever is able to recover my money. I might be open to negotiations, but only once the money has been recovered

Kind regards

What I want to add is why wait till now to want to go after your funds as you are very much aware that the moment a transaction has one confirmation, it is already becoming impossible to get back now we are talking of transaction that have happened for months. I won't be surprised that even though you can trace the funds to the last known location, it might have changed hands severally from one person to another, to exchange sites, gambling sites, back to another individual who probably have more firewalls than you can ever think of. The best since you have been able to survived for the past months, I would advice that you move on and the bounty you are offering, I doubt if someone who is able to get through would want to hand over any thing back to you in addition to asking for upfront payment is surely an indication for you to part away with more.
1324  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin Become Mainstream In The Next 10 Years? on: July 11, 2018, 01:08:52 PM
According to a study conducted by researchers at Imperial College London, cryptocurrency has the potential to become a form of payment that is widely used for decades to come. In their research report entitled "Cryptocurrency: Overcoming Barriers to Trust and Adoption" Professor Imperial College London, William Knottenbelt, and Imperial College Business School Dr. Zeynup Gurguc, argue that cryptocurrency has so far acted as a store of value like a fiat currency.

You would have done a better job if only you had included the source of this information there because by not referencing it, it amounts to plagiarism which is seriously frowned at on the forum that attract the highest form of punishment. https://cointelegraph.com/news/study-crypto-could-become-mainstream-means-of-payment-within-next-decade

That being said, its worthy to acknowledge the extent at bitcoin has gone since coming to existence about ten years ago which no one would have rightly predicted how mainstream it would have gotten ten years later. However, looking at the rate at which the popularity is going, it seems ten years would be short to achieve what was proposed by the research but beyond that, currency adoption goes beyond surveys, sample selections or what some people feels its going happen or what they expect to happen. The important and deciding factor is the people who are ready to push for that to happen and until a consensus is formed around that, I guess the same issue of recognition being talk about today will still be said in ten years from now.
1325  Bitcoin / Bitcoin Discussion / Re: Forget Cryptocurrency. We Need To Talk More About Blockchain on: July 11, 2018, 12:23:00 PM
https://medium.com/@chewweichun/forget-cryptocurrency-we-need-to-talk-more-about-blockchain-4cfeb1989865

With all the attention given to cryptocurrency, shouldn't we put more attention on blockchain?

We should actually put more attention on blockchain but we shouldn't forget crypto currency because they both work together. I had known about bitcoin years back, learned more about it even when I joined the forum but for blockchain even though I know about it after I joined the forum, I am yet to fully understand the full dynamics of how it works. Its no lie that several impossible issues in today's world would be solved by the blockchain from electoral issues, shipping, database, identity, budgetary controls and follow ups, corruption, asset verification etc. but the workings of all of this is not something that can be implemented on an individual basis considering the technical capability and fund involved.

What I suggest should be done is maximum attention should not be focused on the crypto currency part but awareness should be geared towards blockchain. When this happen governments and conglomerate can begin to fund research in that field of study and with that, the popularity between bitcoin (crypto currency) and blockchain would be even to the benefit of everyone.
1326  Bitcoin / Legal / Re: Is it possible to reveal our identity in the local exchange? on: July 11, 2018, 11:44:27 AM
As we all know that one thing that might hinder the acceptance of the bitcoin system for the government is the hidden identity of the members. Local exchange should do intensified KYC so as to avoid the system of cryptocurrency being abused by other members as well like money laundering, funding of terrorist groups and others as well. Some of the country had done this things already and the question is would favor to do KYC on your local exchange?

There is no way out of the KYC system and the issue of identity is a settled case if bitcoin will become mainstream but I really don't understand why people are skeptical about it because the same people who have bank accounts and use their account to carry out crypto related activities are not willing to share their information on an exchange site. Eventually, we will have to decide which one are we able to live with because government that would allow exchange sites to operate within its jurisdiction would want to keep an eye of everybody transacting on such platform not because of those who just want to carry out some little amount of local currency equivalent, but those who are bent on carrying out illegal activities by circumventing the power of the state.
1327  Bitcoin / Legal / Re: Cryptocurrency Regulations - Philippines on: July 11, 2018, 09:21:18 AM
Philippines is now becoming a cryptofriendly, and this can help to boost their economy.
Despite of scams (Bitcoin Scam: https://bitpinas.com/news/php-900-million-bitcoin-scam-rocked-the-philippines/) happening around the Philippines they are still open for the possibility of adopting this technology, and the good news is Philippines is now granting a Licenses for the 3 crypto exchanges.

Here's the link: https://cointelegraph.com/news/philippine-special-economic-zone-grants-licenses-to-three-crypto-exchanges

I just hope that they will make a good regulations about this, and no politics involved about this thing. Smiley



While this is a good one to happen at this time, I don't see this form of regulation as a form that is needed at this time of development because from what I see there, the total cost that would cause an exchange to be listed is non-refundable amount of $300,000 and some background check if satisfied, they are issued provisional licenses to operate. This is all that is needed for a company that investors and traders would be trusting to handle millions of dollars which would serve world wide clients after priding itself to have been licensed in the Philippines, nothing is said about having a certain amount as deposit, an insurance cover, a routine check on their infrastructure, and the worst of all is that the companies involved in this first batch of licensing are all foreign countries which the country might not have repatriation policy with in case they decide to just scam the citizens and there is nothing else to do. I only see this as a form of revenue generation source for the agency involved and not necessarily ensuring sanity in the indutry.
1328  Economy / Reputation / Re: Negative trust removal guidelines for those advertising fake/scam ICO's on: July 10, 2018, 09:11:48 PM
I received six messages from that bozo....
...they don't know where to look, but they do know who DT members are..

What they thought was that "maybe if I send a message to a senior guy, he can talk to the person who gave me the negative trust to have it removed." I think the problem is still about people not willing to learn the workings of the community and until when they run into problem, they start asking for help thinking it should be as easy as the community they all come from. I think I should appreciate @malboroza for giving a second chance. Some people innocently didn't know what they were entering and the moment they realize they make amends just like someone above whose rating was change to neutral.

He however did ask for some tutorial which I think you should maybe come up with something and if possible make it as a sticky in the beginners and help or bounty section where they are likely to see all of the ICOs coming out here and there.
1329  Economy / Reputation / Re: I found somebody using multiple accounts on: July 10, 2018, 09:02:23 PM

I have proof, but don't want to make this public. If any moderator could message me I will send him the details.


If you are not ready to make the proof public, then you are not ready to see action taken against them for what they alleged to have done. The reason is that moderators for one are too busy to be sending you a private message for wanting to nuke an account or dropping a negative rating. So also, I don't see a DT member would want to give a rating without putting a reference that anyone who wants explanation can visit. The reason is that, the person you are accusing will fight back and the amount of evidence you have against him will only work and judged if it can be accessed by those who come across the thread.
1330  Economy / Economics / Re: Can Blockchain help eliminate the basic problems in the world? on: July 10, 2018, 08:30:53 PM
Poverty, legal identity etc. are major concerns in the third-world countries. Data says one-third of children in the world still lack legal identity (sourced from Informationweek). Poverty and lack of food still kill thousands of people. Can Blockchain put an end to all this?

I don't see identity as major concerns in the third world countries because there is hardly a database to have everyone details. The larger population is still outside the banking system, they don't have drivers license, they are not bothered about voting, they also don't care about government health care system, they also don't pay taxes. These are avenue where they could have identities and when that is absent, then there is no identity falsification or identity theft. The advanced country could be faced with all of that.

On the issue of poverty, this is a serious issue facing the third world countries and I don't see it being solved till the next century it can only be reduced to a level. How would blockchain then solve all of this, from the economic point of view, the liberation has started with individuals getting exposed to crypto currency and its embedded advantages they are able to change their economic conditions and immediate family. The identity solving issue would have to come from the way top of government because of the sensitivity of human data.
1331  Economy / Speculation / Re: Bitcoin Price Jumps Above $6800! What might have caused this sudden rise? on: July 10, 2018, 06:59:22 PM
to be honest this sudden rise is very surprising of all of us,  many people find many wrong meaning of this but we can hope this can break the record of $7000 on this year and that is a very positive signal for the trader so take the opportunity it may bring something good

The rise in price by all means was not sudden at all because for the past few days running into weeks, what I was seeing was the gathering of momentums to be ready for an offshoot and when the appreciation begin to happen I had hope it has come to stay but at the same time not banking on it due to the fragility that comes with such increase in price alas, I was not disappointed to see the price take a nose dive and not only bitcoin this time but major alts that respond along side with the same effect of bitcoin just went the same direction.

I have a feeling this is due to impatience of people who have been waiting for just some marginal appreciation for them to drop and the moment they got it, they decide to offload to the market and without corresponding demand to absorb it, price came crashing hopefully it can pick up in few days.
1332  Economy / Service Discussion / Re: Does anyone know cloud mining site:OXBTC? How about it? on: July 10, 2018, 04:06:37 PM
I do some research about it, based on what i found on their fb page, some people comment on there if they can't withdraw their fund, even they said already reach minimum withdrawal. But, on some cloud mining review site, some people said if they got their withdrawal (but its on 2017 review).

reference :
https://bitcoincloudmining.org/en/oxbtc/
http://www.bestcloudmining.net/en/oxbtc-com/

You have even went beyond the normal to come out with this findings about the cloud mining site as I won't even bother to check it before concluding that any cloud mining site is not even worth putting money into at this period of crypto evolution. Several popular name you have on the poll up there at one point or the other have disappointed their investors while some that were worthy investment at some point have turned to waste of money with several of investors balances hanging with no breakthrough in sight talk less of a cloud mining site that is barely known. Invest in cloud mining sites, forget your fund from moment you click send from your wallet even before one confirmation. A search on Google and the forum here would solve all of the curiosities about the viability of cloud mining.
1333  Bitcoin / Project Development / Re: Looking to start a new project on: July 10, 2018, 02:55:49 PM
Hello

Myself and two others are looking to start a coin with a real use case. We are just brainstorming so far, nothing has been set. If you think you have anything to contribute or have developing experience, message me and I will send you an invite to our discord.

Personally, I don't think you are ready to form a team yet which is what you are proposing by forming a Discord group. Your message shows to me that there is need for you to still learn the way things are done before adding to the myriads of coins that we have currently. The simple truth is that, there is hardly any purpose you want to create your coin for that has not been done before and you don't strike me like someone who has the premium to compete and carve a niche for himself. All those asking you to PM them, someone is even talking about promoting on Telegram a non-existent project which shows that they didn't bother to read what you posted, neither are they ready to add any value rather they are concerned about how they are going to get paid out of you then add to the already plague facing the community already.

When you have something solid, the right mind-blowing idea, some level of coding to do it yourself, some funds because that is key in getting the right amount of commitment and with the right timeline you can then start forming a team. #my opinion.
1334  Economy / Economics / Re: stupidity is so close to poverty on: July 10, 2018, 02:02:59 PM
stupidity is so close to poverty, do you agree with such a phrase?
if it yes, means the poor are the fools.
I want to know your opinion.  Grin Grin

I think I would want to take a different school of thought because being smart is not the only factor that is responsible for being rich as you have to consider the resources available to such individual. I have know so many poor people that are poor and working for people that are not as smart as they are. The founder of Facebook is smart but he also have the resources, he left Havard for crying out loud, the same goes for Bill Gates and a hosts of other billionaires who either expanded what their parents have built or they came from an average rich family that made their path to wealth seems easy. Even though that is also not the main reason but without doubt, there are some place in the world even if you are a business genius, its more difficult to succeed compare to an average guy in another part of the world.
1335  Other / Meta / Re: Disable signatures/bounties til a user reaches full member status. on: July 10, 2018, 12:26:41 PM
In contributing to this, I think that the bounty section of the forum needs more attention because to a large extent since the beginning of the merit system, things have improved. It is not perfect but its has as people who are serious about the forum and like to see things get better invest more time in churning out quality posts to help the community while some others who decides that the best way is to cheat the system, they all have their days in the reputation section of the forum with various 'policing' activities being done by reputable members of the forum.

I think the main reason why we still battle with spam to a large extent is due to the managers managing bounties for signature campaigns as they are the ones only required to post. On the bitcoin section, we have seen quality managers that makes things happen but for alt, its just different people coming up as campaign managers while they themselves if they participate in campaign, they would be kicked out. I think there should be minimum rank and activity/merits for someone to manage a campaign. When we get that point right, more than half of the issue would have been solved.
1336  Bitcoin / Press / Re: [2018-07-09] Microsoft Allegedly Stops Accepting Bitcoin Once Again on: July 10, 2018, 10:28:28 AM
As long as Microsoft doesn't come up with a statement itself, it's pointless to ride the mainstream bogus train.

If they actually got rid of Bitcoin as payment option, they would at least conveniently make it appear they have actually done so; nothing points at that.

Still active; https://support.microsoft.com/en-us/help/13942/microsoft-account-add-money-with-bitcoin

It would be extremely stupid and nonsensical to get rid of Bitcoin at a time where the fees are peanuts and the volatility has decreased significantly.

If turns out they stopped accepting Bitcoin, which I doubt, it's all political.

The reason for the coins not being credited is likely related to the payment processor and not Microsoft itself.

I would agree with you on the bolded part. Until they come out with a statement or an official of the company was quoted to support such decision from them then its merely speculation. Current happenings and statements made could have been responsible for the conclusion that bitcoin is no longer accepted by the platform which could be a form of technical glitch in that Microsoft as a reputable company would completely stop accepting than to accept and not give users with the required credits. Another way to look at it is that, it might be a form of testing the waters to see the reaction of the people before they decide to pull the plug on the acceptance of that option.

But I don't see this as having any major impact on price as the body language of Microsoft in recent time has been on the opposite that I didn't even know they are still accepting bitcoin and I am sure that  a lot of people would have thought that as well and that is why I felt no one is talking about it in the bitcoin discussion section of the forum.
1337  Bitcoin / Press / Re: [2018-07-09]Crypto Bounty Hunting Is Offering A Way Out of Poverty on: July 10, 2018, 08:51:22 AM
Life used to be different for "Crypto Shaolin."

Long before he was known by his current nickname, he'd follow tourists in the heat of central Africa, swinging an ice box and offering them a chilly bottle of Coca Cola or Fanta with a sugary smile to match.

But as chipper as his demeanor made him out to be, Crypto Shaolin calls this past work "frustrating." Not only was it meager pay, he had ambitions to rival his role models Elon Musk and Steve Jobs.

One of these drinks may have put him on that path, though, when by chance he passed a Coke to a man wearing a strangely worded shirt.

Curiosity piqued, Crypto Shaolin asked what it was all about. After all, he'd never heard of "HODL" before.

"[Crypto]'s the future," the man answered cryptically, adding:

"Are you here tomorrow?"

The stranger would go on to give him what amounted to an annual salary in exchange for his interest.

"I managed to escape poverty," Crypto Shaolin says of what came next.

The money, of course, wasn't in the usual form. The man presented Crypto Shaolin with ether, the cryptocurrency that powers ethereum, asking for only one thing in return: that he research the technology.

Without a laptop, this wasn't an easy task, but Crypto Shaolin would later find a cafe with internet that allowed him to continue his journey down the cryptocurrency rabbit hole.

"I was so amazed by what I've just discovered I could not sleep the next days," he said.


See more: https://www.coindesk.com/crypto-bounty-hunting-is-offering-a-way-out-of-poverty/

If not for the market for crypto bounty have been infested by those who are only interested in cheap labour, its really a good source of making decent income. People who participated in the early days of bounties and airdrop of projects like Byteball or Electroneum can attest to this that it really worth their time and even after they finish the distribution and engaged in simple campaigns to be paid with their coin, its was something tangible to behold and other decent projects that have happened in the past. But not again today that out of 10 projects with bounties launched, 6 won't even bother to distribute the whatever they promise and 3 won't make it to the point of maturity where people can get the opportunity of cashing out their compensation for their time.

Reading the article, I realized that breaking out of poverty is actually dependent on the country the person is coming from. For someone in Asia, Africa, or Middle East, a $1000 is a whole lot of money that can change a life but the same thing cannot be said for average people in the US, Europe and other advanced countries of the world.
1338  Economy / Gambling discussion / Re: Sheldon Adelson - The Gambling emperor featured in Forbes billionaire's list on: July 09, 2018, 07:43:19 PM
Dear members, the subject line may confuse you as you may think what significance it may hold to the gambling discussion. Let me introduce Mr. Sheldon Adelson to you.

》 CEO and Chairman of Las Vegas Sands, which is the largest casino company in USA.
》 He owns more than half of the total gambling sales in USA.
》 Billionaire no. 21 in Frobes list of 2018.

He is the only billionaire from the "Gambling Industry" who is continiously holding a spot within the top 50 billionaire's list. His current ranking is the highest he has achieved till date.

Even though this news would make no impact to your gambling profits, but I thought of giving you some reason to cheer on!

News source: https://www.forbes.com/profile/sheldon-adelson/



He has made a name for himself in the world of gambling but what I know is that for every billionaire gambling is able to produced, millions of people have been improvised along the way with several others that have paid for their life. I don't have any issues with those who gamble but the issues is those that wallow in it thinking they would be rich via that means and that did not eradicate the calamity that have befallen some families because of gambling addiction.

This news rather to me is doing more harm than good because from the way I see it, its encourage someone to keep on playing that one day, he would be as rich as him which is never going to happen. Gamble but don't allow your life depend on it as a source to greatness which does not happen by chance but conscious effort to succeed.
1339  Economy / Economics / Re: Why do older people like investing in Gold/Silver? on: July 09, 2018, 04:14:35 PM
I'm not one who would invest in precious metals, but I have noticed that a good amount of the older generations are pretty keen in investing in these metals. They see it as a way to bet against the market, and a security that will always be safe -- even in the times of a market downturn/country failure as a whole.

I personally wouldn't even want to buy these metals in those events, as I don't see the reason to. I'd rather invest in securities that go up when the market shits itself (Payroll lending companies and so on and so forth)

Does anyone here know the reason behind people loving precious metals?

Till today, in some parts of the world, hardly will you see a judge who have spent like 25 years on the bench know how to use a computer or send emails. Everything we see as outdated today, has been a trend at some point in human civilization. Do you know how difficult it is to convince say our parents that staying on the computer or typing on your phone does not amount to engaging is cyber crime and some parents have even zeroed their minds that bitcoin is illegal because government have not said it is not.

People will that kind of view would find it difficult to invest in something else other than those that have come to test to be solid and they are hard towards change which is one of the reason why people like Warren are more critical of the crypto. In the future, people coming too will see what we are so engrossed about as outdated while we ourselves won't trust whatever they would be seeing at the time as the best form of investment. Its a matter of time and season.
1340  Economy / Speculation / Re: Bitcoin recovery? on: July 09, 2018, 03:32:11 PM
This year is a special year for bitcoin, statistics show that in the second quarter of 2018 bitcoin prices ended with a discount of about 8% for the first time in history. All of the previous years have shown bitcoin growth in the second quarter. Do you think this is a bad sign of a long-term downturn of bitcoin or do you still believe in a strong rebound in bitcoin prices? at the end of the year.

The second half of the year is always one filled with hope and so much activities. Even in our daily lives outside crypto, ending of the years activities is always starting at the beginning of the third quarter. On price, I am hopeful that we tend to see some increases in price because people tend to buy and hold till December with the assumption that another premium level is about to be reached coming this December. However, while I believe that we would see some increase from the downward trend of price that have happened since the beginning of second quarter, I don't see price touching the all time high that happen last year because from the look of it, there would be gradual increment compared to sporadic that was witnessed last year. Eventually, I see us ending the year within the range of $14,000-$16,000.
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