Tax gets misused many times like funding NASA "planet mars mission". There are more meteorite hits on Mars than on Earth but they are spending tax payers multi-million dollars on Mars missions.
Funny things like this makes someone thinks that the leaders are just spending the money as they seem it fit whether its impacting directly to the citizens or not. I wonder the amount of funds that would that would have been expended in the research and finding of energy in another planet that we all know we are not going whether now or in the future. However, to say all of the money used for all of this is only from taxes would be wrong. Government generate money from other sources through import and export sources. For countries that have advantages in certain commercial products tend to sell abroad for huge amount of money while those with the right amount of population tend to be import dependent and generate money on that. Tax is really not optional and by definition, its not commensurate to what you see as some expenditure would bring direct effect whereas others would bring indirect and long term benefits. |
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South Korea & China, two of the most important name in the crypto world. South Korea wants to discuss Cryptocurrency regulations with China's Central Bank. What do you think the outcome is going to be ?
Wow this is good news if crypto can unite two sworn enemies then we can be hopeful that same might happen soon between Indian and Pakistan or North and South Korea and most importantly United States and Russia and crypto would achieve what all of committees, sanctions, agreements and treaties couldn't solve for decades within a decade. Because of that alone, crypto deserves a Nobel Peace Prize. But we all know that won't happen, even allies hold back when it comes to sharing intelligence as simple as patents but coming together to discuss cryto would mean opening up on each financial backbone infrastructures which is never going to happen. I won't lose sleep over this at all. |
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With all of his comments, the only thing I see in him, is that he is the next most popular person after Satoshi and more people would even know about him before Satoshi himself and while Satoshi remains a mystery, he gets all of the attention. Its good we have people like him though, that sets the records straight because they were there at almost the beginning rather than adulterated history that others who tag along the line have passed from one podium to the other. His comments might sound negative but I more value into it than those who sings praises alone. |
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Three major banks in Chile have been ordered to reopen current accounts of cryptocurrency exchanges, Buda.com, and Cryptomkt, and one bank has immediately yielded assent. Buda, Chilean cryptocurrency trading platform convinced a court to give a détente in its dispute with banks. Martin Jofre, founding partner of the cryptocurrency platform confirmed that Bancoestado, Chile’s only public bank finalized the first reopening of a current account for Cryptomkt. Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/chilean-banks-to-reopen-cryptocurrency-exchange-accounts/From what I have been reading, it seems the judiciary has been the saving grace for most countries at least in the short term. Decisions have been reversed, so also pronouncements have been made which have been in favour of crypto as we await for others countries such as Brazil, India and other countries that have decided to take matters into their own hands without following due process. From all indication, it seems the judiciary has been the unbiased umpire but it won't last for long which is why the legislature should be who we should be mounting pressure on rather than rejoicing on this. The legislature can establish a framework that would be applicable long-term and solve lots of issue at the same time meet both parties at the middle. |
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What a bold move by their government, especially the part when they are creating their own official cryptocurrency as a decentralized based crytpocurrency. They have the right to have their own currency to begin with unlike Guam or Puerto Rico the Marshall Islands has never been a constituent country of the United States therefore giving them freedom to choose what money they can use. I think their move of making their own money decentralized is for foreign investors to buy their own cryptocurrency, I think they are letting outside forces to manipulate it which I don't know how they will handle in the future.
This is a bold move though but I really didnt see anything different from what is happening. They decide to have their own currency which any country that have a leader should have and not that they are abandoning the dollar which is exactly what every other country in the world also do. What is different here is just that instead of them now printing paper currency and have to cope with all of the disadvanatges of that, they decide to go digital by exploring the blockchain technology and maybe borrow some concepts from the existing crypto-currency. I don't see the US losing any sleep over this because the total population might not be more than a town in Manhattan, so also I am not seeing the effect on bitcoin because they are not even using it and they might have to start exchanging it for dollars in other to trade with outside people who wont accept their crypto currency and might not be listed on exchange sites where it could be traded for bitcoin. |
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Well, it seems that regulations are taking the direction of controlling the exchangers' users information. Given the difficulty of controlling the cryptosystem, for it is decentralized and, somehow, anonymous, governments are choosing to introduce some new requirements into exchangers, so they can control the identity of the crypto users.
The most recent case I've noticed is the Poloniex one, for the new rules have been implemented since the last week. Now, they ask you for your real name, your place of residence, a pick of your personal official ID, your telephone number, and (the most amazing), a picture of your own face, alongside with a paper in which the date must be written.
Regulations are coming, and they can hit hard the market, I'm afraid. Today every coin in Poloniex appears in red.
So. They can't totally control the coins, but they can control the use you make of a coin.
If exchangers become a new banking system, then, what's the point of crypto?
I could not have agreed more than what you have said and the only explanation is that government will continue to have its way no matter how we pretend not to acknowledge it and that is why they go after the major exchange sites. This approach is what is called Indirect Rule whereby since they cannot control crypto directly after several attempts and they cannot also ban it successfully because of the benefit that accrue from that source, then the option of focusing only the various intermediaries that makes the market flourish and those are the exchange sites, the web wallet services and gambling sites. Have these three in your pocket any form of anonymity is unravel to a large extent. I can say its a strategy that is working because there is an incentive attached to like the gains from trade, winnings from gambling, real time access to funds by the web services and that is what is needed. |
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But the biggest fuck-up of all: Lightning Network / Lightning Labs is led by Elizabeth Stark. If you like train wrecks, get Elizabeth to lead us there. You can see for yourself how Lightning works... I have not seen anywhere on the forum where the influence of women have been relegated and even when threads are created to get a feel about the representation of gender in the cryto world, response has always been an encouraging one and people even just assume that there are more males than females based on how previous believes and not facts at all and because we value anonymity, there is no way to determine who is winning just like when population census in my country some years back with the understanding that there are more females in the country than males but unfortunately, the census proved that wrong. Its good to see a woman leading the next breakthrough in crypto currency generally because not only will influence bitcoin positively, it would also serve as a template for other blockchain projects to work on. Whether male or female, it should be a healthy competition and not that of rivalry. |
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I think its a good news and one in the right direction but what we should also be weary about this is beyond some words as follows 1. This is a pronouncement by the Supreme Court and as the judiciary does not have the power to implement any judgement passed and if its a country where judgement can be ignored, there is really not much that can be done since its neither a criminal matter nor a political related matter and if the executive felt they are not bound to obey, they would use every means to frustrate the judgement and the worst that would happen is protest here and there. 2. Another is that we are talking about government here with all its bureaucracies. So let's agree government is bound to obey, it would take several months if not years to come with a road map then another year to talk about pilot roll out then full roll out which means the effect of this might probably not someone one should look forward to in the short time. |
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i just did a simple calculation, about 35k bitcoins are traded on GDAX every day. At its current price of $6900 and a trading fee of 0.3%, the exchange puts about $700,000 in its pocket EACH DAY and it is ONLY for bitcoin. After including all other cryptos, this number can go up to more than $2MM. Since the exchange is active 365 days a year, the exchange's annual revenue can reach almost $1bn!!
This your calculation makes its kind of so straight forward but in the real sense, its not as straight forward what you consider is only the revenue which might not even be up to that before the need to start factoring cost which can eat into that revenue really fast. Before the payment of staff who have to be on rotation to work 24hours due to the nature of the clients they service all around the world, the amount they have to incur to ensure that the site available at every time, what of the cost of security, wallet maintenance, hosting, licences, legal fees based on retainership, heavy equipments, database management and other ancillary costs. Its more than what we imagine. |
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Three weeks later and still no response.
I would appreciate that you look into the matter as you promised.
I am surprised that this issue remained unsolved till this moment since the beginning of the month it has even attracted the attention of the community rep here and other reputable members of the forum. I think a site like FortuneJack with so much reputation and history should not be seen dragging issues like this for whatever reason. The rep made a promise to look into and worst case scenario is to give an update on how far he has gone. But come to look at if, I have made any withdrawal from FortuneJack though but the gambling sites I have used there is a way to see transaction history which would include both withdrawal and deposits and that should cover for the timestamps you made mention of in page 1 except FortuneJack does not make provision for that. |
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Some days ago, I received an email entitled: "Pononiex Account Alert: verification needed"In the email, they sent me some instructions regarding the new restrictions they're implementing their service. They give me 7 days to send to them both a governmental ID (my passport, for instance) and a photo of my own face along with a paper with the date wrote in it. There is no option if you want to use Poloniex, for in the mean site you will find this:  Given the recent information leaks scandals, it is awesome they ask for a personal photo of your face. Ok, due to recent regulations, the user real name has to be shared, for the law is taking this way. But a pick? What's the point of sharing with them my ugly face? Why is so urgent to them? Anyway, this is crystal clear to me: RIP, Poloniex. I will no longer use their services, as long as other exchangers continue offering anonymity. This is KYC taken too far on a serious note. I really don't have issues with KYC but to the point of face recognition, the next thing this people would ask for would be to do a live recording of your house address and the landed document to show you are really living there after that, they ask for DNA results to confirm the relationship between you and your next of kin after they must have ask for his own details as well. And the worse of it is the duration you are allowed to provide the details and disable of withdrawal to force you to do it if you want your fund back. That is the more reason why one needs to keep majority of his fund outside the exchange sites because any time without notification, they come with new policy which not Ok by you, there is no choice than to comply because of the money involved. This move should be totally condemned by all believers of crypto-currency of the need for some decent anonymity. |
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Finding the right time for investment is very difficult. It is difficult to perfect the entry to a specific market. You need to have a long-term perspective on all kinds of investment to reduce the risk of volatility and risk of losses.
If you are considering investing in the Bitcoin, Do you think it is positive in the long-term investment? Why is that?
At this point, without mincing words, it seems impossible at least in the short term and even if it just sky rocket to that point, we need to exercise some caution as that is a big red signal that some bad is about to happen but a gradual increment is something that would be good for the market. The reason why I hold the view is because one of the major thing that cause increase in the price of bitcoin is the increase in awareness which is what have taken some huge blow since the beginning of the year and its increasing effort to reduce the popularity of bitcoin. 1. The aggressive KYC policies which has pushed out a lot of huge investors. 2. The banning of bitcoin is some jurisdiction 3. Comments against bitcoin by several respected personalities in the world of finance. But with all of these, there is still hope. |
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Many people in this world are always questioning this, what is a good business? Well, good business is a business that begins, rather than being questioned because the hard thing in doing business is to walk to the first ladder. If we do not start a single step, we will never get to the top. Just as with trading, or investing in cryptocurrency, without trying and starting investing in it, you will not know how much profit you get, and how much experience you will receive if the market is down. Remember that experience is the best teacher.
I will want to take a slightly view on this. The very hard step in a business is taking the very first step but not every business that starts is a good business before anyone should launch into the world of business, there is need for certain question to be answered or else delving into such without understanding, would amount to pure waste of time and money. In the case of crypto trading, while its good to start with the mind of profit in mind and equally true that you don't know the amount of profit embedded until you start, it also does not remove the place of answering questions and the most important is if the individual is ready to absorb what come next not only in terms of finances but also mental readiness because when things are not going according to plan, which is the case in most times fatigue sets in, followed by frustration which then lead to exit from the market. |
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Like the title says, i almost lost my regular job as a software developer today when my boss reviewed my work. The job has been able to economically provide a comfortable life for me and losing it would really be a big hit to my income. I almost lost it because i spent so much time learning about everything crypto (mining, trading, bounties, etc.).
Has anyone else experienced this? I just feel pretty lucky I was given another chance and want to remind other people that having a regular job is much better than relying on the volatility of cryptocurrencies. Make sure you prioritize your work!
You really are not the only one involved that have witnessed this. I realize that for those of us having a full time job, we might not be as multi-tasking as we make ourselves to believe that we are because there is no way there wont be an effect on one part of our job. For me, what I have learned to do is to prioritize. I am active more on the forum and things that relate to crypto anytime that we are off peak period, more after the official closing hours and before the official opening hours. Another way to manage things is to focus on one aspect. Unlike your case where you want to be active on every facets, you would spend more time which would then affect your day job but rather than doing that, pick one whether its trading or mining or bounties not everything at once that you want to be the best at and this is what I have also learnt. For those that have enough time on their hands, they can focus on every aspects without one affecting the other. |
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"Dividing investment money into two categories:
-Money you cannot afford to lose.
-Money you can afford to lose.
I think I agree with some of the position being painted there but I also did not see any thing special other than he just presents it in a more lucid and clear manner because by default every investment advice that has been announced on the forum has always been invest what you can afford to lose in crypto which has by default divided your money available for investment into two categories.
My current portfolio is:
-60% in real-estates
-10% in banks and precious metals
-30% in crypto-currencies
Do you have any suggestions, comments or proposals how portfolio should look. What would be
a winning combination for the future?
Your portfolio classification is really cool and shows that you have put your money in place you have less confidence but the truth is the real estate market has crashed before, so also banks and precious metals. But again, we need to start changing our mentality about investment in crypto that the money involved should be what you can afford to lose as this is affecting the confidence in the sector. |
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Thank you @Javi_Anibarro for your quick answer.
It is a Finnish trusted website and I will try this. However it still person to person payment and I am looking for discreetly way out.
That option is the best way out for you or you try Paxful.com if its available in your country as IRS quite easy that you won't need a go between and pay all those ridiculous charges of first sending to your bank account and then withdrawing locally as you can sell to people that are in your locality who would make transfer directly to your bank account. There is also the option of trying to Google sites that performs the exchange. I don't know how regulated your country is, but here I just search and I get response of automated entrepreneurs sites that would do the job and transfer into my bank. The final option is to try speak up within your circle you would be surprised the amount of people already involved and how they have been going about their businesses in a seamless manner this would give you premium over all of the options above but in all, you need to go by the rules so as not to get burnt because of unscrupulous individuals looking for preys. |
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The simple fact is that no policy implemented can be perfect there is no way and it's because it was made for people to use and their behavior cannot be predicted and defined by codes. I want to believe that at the time when the trust system was implemented, it was as if its going to solve the whole problem but just a fraction. When the forum admin stops giving ads space to ICOs, it seems that would end the era of scam ICOs but it didn't. Now the merit system, even though to me, its serving its purpose, a lot of people still will find fault in it. My suggestion, let it play out when its time for it to be reviewed it would and for those who believes they are to cheat the system with it, they can only use it once after its exhausted, it does not matter again.
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I am actually surprised with the amount of various suggestions I have seen for academic research which has been something I have always have an eye for and there is one that I have bookmarked to pursue even with scholarship in Queensland University of Technology Australia. A master of philosophy with topic focusing on Blockchain technology and its implications for accounting. https://www.qut.edu.au/study/fees-and-scholarships/scholarships/school-of-accountancy-accelerate-scholarship. This is all a further testament that the interest in blockchain is increasing and I see the various field of study coming out to carry out research on its application to theirs rather limiting it alone to the world of business. |
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hi guys, im newbie, im confused to find out a lastest bounty campain on forum, im go to Annountcements( Altcoins) but it only show the campains has started 1-2 weeks before
I don't think 1-2 weeks campaign is too late to join because of the campaigns on the bounty section runs for months covering both the pre-ICO and ICO periods. Again it gives you some level of certainty because you can then take your time to know what others that have joined earlier have been facing in terms of posts counts, quality of the manager, response to queries, update of spreadsheet, assurance of payments etc before knowing whether to join rather than joining the band wagon to later discover that you have successfully wasted your time and energy. |
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It is of course no surprise that some among the big beneficiaries of the status quo will denounce Bitcoin and cryptos.
That is not what I want to write about. The really interesting thing is what these three *didn't* say. They didn't use the biggest argument against Bitcoin and cryptocurrencies, the new systems' biggest weakness.
That weakness is that cryptocurrencies are not limited in supply, as a whole. Anyone can copy some code, rewrite some code, and 'create value' out of thin air. This will dilute the value of current coins and can become no different from today's inflationary fiat money. Unlike gold, the value of crypto is not protected by nature.
So these three VIPs threw everything they had against cryptos (including phrases like 'rat poison,') but forgot to use their biggest weapon!
Why? My guess is that they've been directed by the elites to say bad things about cryptos (and trust me, the elites have plenty of leverage against people like these.) The goal was to cool down public speculative demand for cryptos, at this moment, but not cause a big drop. This would be consistent with my theory that the top Western elites are really behind cryptos, for their own reasons.
To a large extent there is some reason in what you have expatiated but the convincing factor is not there in that everything is still based on speculation. The argument about the unlimited about of crypto and the dilution afterwards is very much valid and with the advent of forks, it makes it very easy than we all thought. If it had been the creation of other coins, I wouldn't have any issue with it because I believe that for such coin to gain popularity, it needs to add some value to the market through some level of advertisement unlike the forked coins that relies on exiting market structure and thereby diluting the portfolios of people depending on where loyalty lies and not bringing in new investment because only existing markets participants knows about them. On the theory, there is always some group of people behind the market position and because of the current market capitalization, its fairly easy to manipulate but I hope this won't last for long. |
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