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1801  Economy / Economics / Re: The recent Facebook data scandal is a perfect reminder of why crypto and decentr on: March 23, 2018, 07:43:43 PM
When I read the comment by Mark Zuckerberg on this issue, I felt disappointed despite the post coming up with taking responsibility and some form of remorse, it does not change the fact that they have failed in keeping the privacy of their users. The news of them releasing information of users is not new though as they have been given to government agencies of different who asked for it at several times in which they had no choice but to comply. The simple fact is decentralisation is the answer, this only became a scandal because the organisation involved has stepped on powerful toes and needs to be taken down. Mind you, this is one of Facebook's client and no one knows what they are doing with such information. Way out pending the time decentralisation will take over, be careful of the information you put on social media any one for that matter.
1802  Other / Meta / Re: Any penalty for selling merit? Missing on "Merit FAQ" on: March 23, 2018, 07:01:00 PM
The origin of the problem of any society is people failing to live up to ideals and expectation of the community. I can't imagine that some people are bent on frustrating this merit system to make it ineffective despite the amount of thought that have been put into bringing it into reality. I agree that it's not perfect but if everyone can just play their part and focus on doing the right thing rather than cutting corners, it would have been the best upgrade the forum would witness because whether we acknowledge it or not, its surely working.

For those selling merit as ordinary members, its a matter of time for it to get exhausted and nothing can be done about that. But for the sources of merit members, this should be frown at seriously by anyone who wants the best for the forum because to be regarded as a source of merit means some level of trust has been deposited into you which by selling merits, you have betrayed that trust and such individual should not be welcomed in the community. My opinion...
1803  Economy / Marketplace / Re: Ironic that Twitter can claim BTC is currency of the future, and ban crypto ads. on: March 23, 2018, 06:05:39 PM
Let us start separating bitcoin from ICOs because the earlier the better. Eventually, all public platforms will be closed for ICOs unless there is an agreed model on how to go about it started with China and we all wished it away talking about how ineffective such policy can have on bitcoin price but now, its getting to platforms without which its impossible to reach the innermost part of the society. Gradually, it will get to Instagram, Snapchat and a whole lot of others even WhatsApp will not be left out.

Although, the effect will be felt in price as one unique way for new money coming in is ICOs but the earlier we stop relying on that source for new funds into crypto the better for bitcoin to recover and be the determinant of its own price and not be shaken by news such as this.
1804  Economy / Service Announcements / Re: LPO – limited product offering; startupLPO on: March 22, 2018, 07:43:16 PM
In other words, based on my understanding people should make deposit for a product that is yet to be developed in other to take advantage of it. This already being done by multi nationals based on trust. Today Apple will want to launch a product and ask people to pre-order in other to have access to some extra pecks than others, Samsung will launch S9 and S9 edge and would also ask people to pre-order while a huge motor company would ask people to order for yet to be produced limited vehicles that is limited product offering.

You see this type of services is not meant for companies in the crypto industry as the market is not ready yet. Even coins that have their own blockchain and app developed before completion of their ICO, still have difficulty in making the necessary conviction to investors ( that tells the level of degeneration in terms of trust) talk less of people putting their funds down for a proposed workable product.
1805  Economy / Gambling discussion / Re: "All in Challenge" start with $10 and make $1000 on sports bet on: March 22, 2018, 05:40:17 PM

I read the thread from the beginning of your first posts till now and from every reply that you have given to the convincing you intend to do, I have not seen any form of seriousness in the services you are offering. You earlier posted some tips with the odds attached but you did not even bother to do review as to whether it was 100% success of outright failure, yet you keep put up posts that another one has been posted with link of your website. How exactly do you want to be reckon with or someone to take you serious before he/she would start paying subscription fee. This is the forum where to get trusted goes beyond what you have been doing all your life without actual proof to show its working.
1806  Economy / Services / Re: [FULL] ChipMixer Signature Campaign | 0.00075 BTC/post on: March 22, 2018, 12:19:35 PM

The "no minimum post" is one of the most interesting things
I think forcing members to make xx posts weekly is counter-productive for the achievement of the intended purpose.

For example, sometimes I come to the forum but I have nothing to say and I just read people. I am not going to post "great project sir" here and there just for the sake to have something posted


This is one thing I have learnt being on this campaign as its more about quality. Times without number I would have set a target for myself and I could not meet it because I did not see any thread that my knowledge can add value to. I just decide till tomorrow maybe I will see and this is something that has been working to the advantage of the campaign and despite that, there is an increase in the amount of merit given on a weekly basis analysis done by the campaign manager.

The most surprising to me is that even when I could not meet up, and I feel that I am lagging behind in posts for the week as other participants have gone beyond the maximum only to see the updated spreadsheet that quite a number of people have the same issues as focus is on content rather than post counts...
1807  Other / Meta / Re: wtf, auction Round 238 on: March 22, 2018, 01:06:17 AM
come on guys, looks like admin corrupt and all kind of shitty services are allowed for advertising on this forum.. satoshi made mistake leaving the forum for schoolchildren..

Read this quote before complaining and obviously, those newbie accounts above and OP is most probably only one person trying to convince people here.

fuck off, captain obvious

You should not conclude like that because for the fact that Satoshi chose to leave the forum for the admin shows the amount of trust he has in them. By default, anywhere I see bitcoinZ what came to mind is that a new fork has happened and the next is how do we claim just like every other forks that have happened and I am skeptical that is likely what the admin must have thought to have rejected your application and if he has other reasons, he might explain to you.

There is nothing wrong in pleading your case and making it known in an explanatory form, send him a PM, open a thread in Meta to discuss how you felt unjustly treated and let others joined not name calling that you resorted to. He is a reasonable guy, I have seen him restored a deleted thread/post when the claim was found to be valid. All of the actions are to bring some sanity to the forum and not necessarily rule by revenue.
1808  Economy / Gambling discussion / Re: Does becoming a parent changes the gambler? on: March 21, 2018, 09:21:23 PM
This was the discussion topic we were having last night, a bunch of gambling friends and one of them an expecting dad. There were counter arguments that his child also would turn out a gambler like he is.

The arguments were that it is his in his gene and that'll pass on to his child, since every one in his family was a gambler.

The counter argument was that the child would make a logical decision and genes won't play any part in this.

Which brought us to another important question what if turns out a gambler would they both play together. Would he be comfortable?

Amid this he walked out and texted me he didn't wish to gamble anymore, so wanted your views on this.

When you become a dad, you are no longer responsible for yourself but for another human being exactly and the first role model that child will have is the dad, the first hero that child will have is the dad, the first person he would want to become before being conscious of his own identity is the dad which means those things that you wouldn't want your child to take from you, you will drop it and yes being a parent can change a gambler.

I have seen chronic drinkers whose all emissary to stop drinking fell on deaf hears but the thought of his son seeing him do all sought reset his thinking faculty to a moderate taker of alcohol same goes for every social habit we pick up during our adolescence age. However, this will only be applicable to someone who has the consciousness of being responsible with which without that, what gives him joy is his priority and nobody else matter.
1809  Economy / Exchanges / Re: eToro scamming people when withdrawing? on: March 21, 2018, 07:18:21 PM
Sites like this are those giving crypto the bad name because they have the funds they can carry out ads on every platform you visit. I have not used them before but their ads is all over the place  at leader before the ban which has reduced the amount of time I had to see their ads. The moment an exchange platform won't have a review on the forum, I am not using it no matter how beautiful the interface is.

One more reason why there is need for regulation because now, you are at their mercy and by deleting your ticket indicates they were never ready to fulfill their own end of the bargain and there is nothing you can do. But if there had been a regulatory body, there is no way they would do this rubbish that they turn to their way of life. You can only wait and hope they change their mind and credit your account.
1810  Economy / Service Discussion / Re: LocalBitcoins.com Forcing me to Quit? VERY DISAPPOINTED! on: March 21, 2018, 05:30:00 PM
You should not be disappointed with what is happening. Its a pure offer and acceptance which is not an order of specific performance. Its optional whether you want to use it or not which in this case you have made a decision to quit the platform and I don't see a court ordering them otherwise because their intention is justified as to why they are requesting for such information.

I wouldn't want you to blame the admin of localbitcoin because if its within their reach, they wouldn't go that route but blame the individuals who have because of their short sightedness immoral behaviour turned such platform to scam infested area that even me personally, would not change bitcoin to fiat on that platform and the only thing they would do is to dispute and judge. They have lost credibility and the only they think they can recover it is go start this KYC. Other peer to peer will soon follow suit because I see people moving enmasse (especially the scammers to other platforms to look for preys).
1811  Economy / Speculation / Re: "Bitcoin post no risk to the world's Financial instability" on: March 21, 2018, 12:05:05 PM
Bitcoin and cryptocurrency can now have a flesh  air as the G20 said "Bitcoin does not post risk to the world financial instability" I think the heads of central bank has started to see the potential in cryptocurrency and we actually need they adoption to see bitcoin realize it potential and go mainstream.  https://www.coinspeaker.com/2018/03/19/cryptocurrencies-dont-pose-risks-financial-stability-says-g20-watchdog-mark-carney/ . To just buy bitcoin now the hungry me because I know the future is very bright.

Times without number we have been holding this view about bitcoin not posing any threat to financial instability as at today. Every entity making such claims only want to cause some rumble in the polity and looking for reason to lunch an attach on bitcoin for reasons best known to them. For an item to make any difference, it means it must be large enough to cause distortion which I am yet to see considering the decrease in the market price of coins generally at this time. And that is why a lot of company with huge transaction volume are not adopting crypto currency because they are practically not losing anything in their revenue base either in terms of customers or to competitors.
1812  Economy / Economics / Re: Money laundering tools on: March 21, 2018, 06:28:17 AM
In my opinion, BTC is not a traditional currency like gold and silver because it does not have any use value, so it is not a credit currency. It's basically just one use, money laundering tool. The tool explains why bitcoin prices are spread across the country and abroad. Domestic money is changed into bitcoins and then physical transportation to overseas exchange for foreign currency escapes regulation and the cost of money laundering is lower than before, and the risk is low.

Money laundering through the use of btc is possible yes, but cost of doing it won't be lower for long and the risk attached to it because a lot of regulations are moving in to cut that excesses and unless the amount intended to be moved would huge enough to involve the management of the exchange site, and the bank, it would be very difficult to carry out. For example if I want to move $20,000 across the border, I wouldn't bother doing that through bitcoin because I would be able to explain the source of it but moving $500,000 or $1,000,000 is where people start looking for ways to go about.

You will agree with me, that to get the number of bitcoins for $1,000,000 in time means you have to go through exchange sites that are trust worthy and a whole of these sites have implemented their KYCs, you can buy this with cash rather than your bank (which poses another risk factor) so either way you look at it, its getting difficult day by day.
1813  Bitcoin / Bitcoin Discussion / Re: NEWS US Congress Releases Extraordinary Report Praising Cryptocurrency on: March 21, 2018, 06:17:27 AM
I don't see why people get so excited about this nonsense? It's just standard gibberish not adding anything of value. It once again shows how easy it is to make people believe something.

Governments will use the blockchain to rebuild the entire financial system in a way that it allows them to control each and every aspect with iron fist. All financial institutions from that point will technically be redundant.

Where governments set up the rules for financial institutions externally right now, they can force it through instantly at any time with the control they will have at that point. Say goodbye to freedom.

It's no longer the bank rejecting you from their services, but the government.

I am not sure you read the report being referenced to here because if you had, you would see that its not only about government that is being discussed there. One sure thing that we cannot do without is government involvement which will come no matter how is crave for it or we detest it nothing can be done about it. However, for bitcoin to get to that point it must survive first in other to get the attention which is why this news is worth to be rejoiced over in my own two ways:

1. It shows the practical use of the blockchain beyond the theory even with real life examples of how its being experiment upon by reputable companies and there was an unequivocal statement that blockchain is secure and efficient.

2. For the fact that this news is coming from the US with the influence that the country has, is enough to be joyous about regardless of whether its going to be short lived and if promoted well, it might result in a surge. Friend let's focus on the positive.
1814  Bitcoin / Bitcoin Discussion / Re: Depending your future in bitcoin... on: March 20, 2018, 02:48:54 PM
I think bitcoin is really a good investment for now, but I don't think it is a good idea to put all your investment in bitcoin or crypto currencies since it is unpredictable and very risky to take. For me it's still better to start your own business than depend your future in bitcoin investment.

What do you think guys?

If those people who started believing in bitcoin in 2008/2009 when there was no perfect understanding had filled themselves with the idea that crypto currencies is unpredictable, very risky and its better to look elsewhere because the future is not guaranteed,I am sure you and I wont meet anything as we would only here the history about how something that was used as currency crashed at some point because people stopped believing in it, we would then thank our stars that we didn't lose money but they didn't and that is why they are said today as the millionaires who got it cheap.

In as much as I wont eradicate the presence of risk in holding bitcoin investment, there is nothing wrong in keeping the the investment and also working on something offline. The two are not mutually exclusive as the presence of one does not stops the other not that making one option better than the other. My opinion...
1815  Bitcoin / Bitcoin Discussion / Re: The simple and undeniable reason why all cryptocurrencies will collapse on: March 20, 2018, 02:29:05 PM
Galileo Galilei once said, “All truths are easy to understand once they are discovered; the point is to discover them.” Discovering truth about cryptocurrencies (cryptos) and showing that they are not money but faith based schemes that are bound to collapse, is the goal of this article. The first step toward achieving this goal is to explain why economic relations between people, where transfer of ownership rights is taking place, cannot be based on faith, and how, in that regard, cryptos differ from tangible goods and fiat money. After that, we will know what money actually is, and what it represents. Given this knowledge it will become clear why cryptos never were, nor ever will be money. The rest you can read here: https://cryptofraud.wordpress.com/

If its because of faith that bitcoin would collapse, then every other things that have existed or yet to exist wont have a chance because there is no separation of faith in human endeavor. A lot of companies are fighting so hard to keep peoples faith in the product they offer simple because the moment that faith starts diminishing, that is the end of the product. On the forum here, a lot of people have been popular at some point but later stops believing or have faith on the forum so they move on to something else. If the majority does not believe in the forum again, that is the beginning of the end. Why exactly do you think Facebook and Google stops ICOs its because of the fact that they want the faith to be solid.

However, its not only faith that keeps business floating and that is where you are missing it thinking bitcoin relies only on faith but something practical and possible which is the Blockchain that have proven to be one unique development that have not been seen before and that is why despite the opposition against bitcoin, Blockchain remained untouched and as long as that remains, it will always be an effort without action as bitcoin will continue to be in existence.
1816  Economy / Economics / Re: They are manipulating the Bitcoin price throught ponzi-paper money scheme on: March 19, 2018, 04:08:30 PM
Even though times without number I try to undermine the effect of group of people in determining the price of bitcoin, its hard to wave this expository disclosure while others might make it seems like a conspiracy theory without any basis, it does not mean it should be subjected to thought provoking discussion as several happenings point to that direction.

When the CME started, there was noise all over about how its going to make the price soar, how its going to be acceptable by huge number of people, confidence and trust increasing etc. My own thought was just that, it would make bitcoin serve more as a ponzi because people would start pursuing the price that they bank their money on but unfortunately, instead of price increasing as being purported, it is the reverse we are seeing. This is even a fact that the controllers of the economy will always have their ways because they have the funds to make it happen.

Our consolation is that their plans are failing. It might take a while but it will surely fail.
1817  Economy / Economics / Re: The 3rd Industrial Revolution: A Radical New Sharing Economy on: March 19, 2018, 02:36:28 PM
The 1st I.R. (Industrial Revolution) occured when the Telegram, a new power source called coal, and a new transport system (steam engine/Railroads) merged to forever change society as we know it.

The 2nd I.R. occured when the telephone/radio/TV, Oil, Cars/trucks/buses once again merged into a new platform of society.

The 3rd I.R. will occur once the Internet, renewable energy/smartgrids, new logistics (driverless cars, electric cars) all merge into the Internet of Things


my personal highlights (around 30 min in) :
"this third industrial revolution platform is designed to be distributed, not centralized. It works best when its collaborative and open and transparent, rather than closed and proprietary."

"How do we ensure privacy when everyone is connected?"

Lemme know your thoughts, whether you agree, disagree, I know it is a long watch, but I found it worth my time



We can say the world is ready for the third industrial revolution even though the combination of the technological developments put together might suggest that. There are still several breakthrough that the future beholds, we have impending flying cars, tele-porting that would change the way and time people move from one place to another, time travel machine that would make people go back in time to correct anomalies or the future to change it,  medical break through that would change the way we live such as cloning, 3D printing of organs etc. are we to say there would be several revolutions as this milestones are being met?

On ensuring privacy why everyone is connected, it means that with decentralisation, no one will have control over the other, unlike the way its being done that there is repository of data in the control of a body or agency with which with this power, control is certain to the extent that our whole existence is reliant on this.
1818  Economy / Economics / Re: Why the price of bitcoin rapidly going down on: March 19, 2018, 01:58:24 PM
The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary. Smiley

Currently the price of bitcoin is above $8000 and that is not a rapid going down rather it has been a resistance point that is being maintained for a while now. Everybody knows that the price of bitcoin is always temporary but the fear is that when the price is leaving this position, is it going for the better or the worse and when is it going to happen? which is mostly determined by several factors that are sometimes beyond what can be explained in lay terms. There are several developments going on in the field of blockchain that seems that the future is bright but beyond that, there are still several might forces that are against this growth of bitcoin. And for the change to be positive that everyone will smile, its has to be on the increase.
1819  Bitcoin / Legal / Re: Signature Campaigns taxes on: March 19, 2018, 12:03:04 PM
Now first of all I live in spain and I'm wondering if someone has ever paid taxes with money acquired from signature campaigns here. I made a decent amount of money a year ago because campaigns were giving 0.03-0.04 per week. I wouldn't really know how to pay taxes if I need to, would this count like a job and how exactly would someone prove they got their bitcoins from signature campaign , seems quite difficult.

If you are to disclose your income then you are liable to pay tax. Its simple as a freelancer earning money from work done which can either be online or offline the fact is that you are working to generate income. In tax laws of countries where personal returns is allowed to filed with the relevant tax authorities such as US or other countries, you are by default compelled by law to disclose all your income whether known to government or not. The only way our is based on your country's technological ability or their consideration of bitcoin whether they would be able to track your income from 'freelancing' activities from abroad which is the kind of situation like this you can then decide and find ways to remit your taxes.
1820  Bitcoin / Bitcoin Discussion / Re: bitcoin is a hard investment for the working class on: March 19, 2018, 10:36:27 AM
if you had invest in bitcoin, would you follow the price every couple hours? if you had a job you would be more focus on your job than whats on the screen of your phone. you would be fired from your job? maybe. investing in bitcoin is hard on you everyday at every time. it can fall down to 1000$ in 2 hours if you dont pay attention to it. if you wanted to sell before that big dip but you cant because you are at work. invest what you can afford to lose. investing in bitcoin for a person working an 8 hour job is something else. i think thats why the price havent risen lately because people are more worried about their job than investing in a volatile market.

Being a worker and investing or trading in bitcoin should be seen as a strength and not the other way round because with that, your source of living is not solely dependent on bitcoin which would made some not well informed decisions to be made. A lot of people fall into that category including myself and that is why when price is falling, I am not too perturbed because my cost of living is taken care of by other sources of income. I buy when I am comfortable with the price and also when I want to sell. Moreover, there is enough time to check what is going on in the crypto world if there is need to make a quick decision. Price increase or decrease dont happen with the speed of light.
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