Some people argue that something cannot ever be considered as money if you cannot get credit through it, so for example you want to buy real estate and you need a loan, this needs government approval. How can Bitcoin ever reach that point of acceptance by a government if ultimately Bitcoin is disruptive against all states and governments? Or can Bitcoin be money even if it can only be used as a gold substitute?
All of the things that we all think its not possible with bitcoin at the moment are only relying on just one thing to happen and every other things will fall in place. I can say boldly that the moment government recognises bitcoin as every other section of the economy and even going beyond the use of it as collateral, we will then be able to use it to pay for school fees, register for conferences, pay our taxes, shop in malls, pay for hotels, pay for concert, watch movies with it, and funniest one is even the payment of tithes and offering in church. How bitcoin can be used as collateral, its just for you to deposit your private keys, a form of restriction is placed on it then when you finish paying, you get back your details. |
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The lack of financial education in general is a worrying problem. We teach students about literature, maths, science, ... and we tell them that those are the things they need to know in life. Yet usually, the largest single expense they will have on their lives is a house, and that normally comes with a mortgage. Yet, only a few schools will tell them what should they be expecting, the risks and the consequences of such a contract.
Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.
What can we do to make more people interested in economy and finance and to better educate the youth so that they don´t get ripped-off?
All of our days we were taught things that are not relevant at all. During my university days, I took some courses which were not even related to my major and today I realised that its a complete waste of time because its not relevant to my life. The teachers themselves don't even have the alternative to do something else. But in true fact, everybody that wants to make a way for himself have to go beyond the basic things that we are thought because government and the capitalist will want you to continue depending on them, work for 35 years and pay you what can get food on your table but not for you to be like them. But there is nothing we can do about just to continue fighting for our liberation. |
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USDT won't collapse not any time soon just because of its nature. It equals 1 dollar that is the argument we were made to believe but the issue is when bitfinex was hacked and about 30 million USDT was stolen, was the same amount stolen from their bank account? Obviously no and they didn't even feel it be cause they could just create additional 50 million USDT without anybody setting limit for that.
It simply shares the same characteristics with fiat because despite the million of notes that is being shred on a daily basis, they just print more, if the value drops as a result of inflation, they increase minimum wage and simply print more notes which means it won't crash.
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Just buy from exchanger and youll be safe, i mean you have chance to get scammed with this kind of transaction. And why do you think miner will sell his coin cheaper than exchanger does ? he can get more profit though if he sell at normal price and not cheaper.
That's correct. But I have seen people buying at less price and get more profit compare to exchange rates. I don't have in-depth knowledge about their source of buying but its 100% true. They are doing something to get BTC at cheaper rate. It may not be from miner, that was my guess. The best advise you can get is what the earlier poster has offered you and if you value your money I suggest you take it. Yes some people get bitcoin at a cheaper rate than exchange sites but they don't come to a public forum to announce it or even say their source as to where to get it from. The fact is any offer you get that is way below the range of the market price, is a red flag that is pointing to scam. If you feel the exchange site are trying to reap you off, then buy from individuals if you know the gathering based on your location though or individuals on peer to peer site there you get offer from different people based how greedy they are to make profit and because of the embedded escrow system you are protected to a large extent. Aside that, when an offer is too good to be true, there is high chance its scam you need to be aware of that. |
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Thinking of certain investments in the project where they are planning to arrange a cryptocurrency bank! And I saw discussions about cryptocurrency banks and their "place" in our crypto-future, and, which is even more interesting, noticed that there is quite a number of those who are of the opinion that there is no need for cryptocurrency banks at all. Well, guys, we can discuss that forever, but how do you imagine then the communication with the so-called real world for the sake, e.g., of making deposits or obtaining a loan? How can the whole system function properly without cryprocurrency banks, which are anyway somewhere on the border between the real and crypto worlds?
Banks in crypto is a complete opposite of the essence of bitcoin and would defeat everything that bitcoin stands for which is decentralization. Banks don't become banks because they keep money or they accept deposits or issue loans at an interest rate but they are banks because they comply and continue to comply with the law of the land being overseen by the central bank. Coming to the crypto bank, who then makes the law, who issue the license, who collects the insurance deposits, who confirms the appointment of directors, who ensures that best practice is kept to the highest level and a host of other conditions that must be met for any business to be regarded as a bank. Ensuring all of this in place has defeated the essence of crypto currencies. Anyone knows if there already exists such an idea of Crypto bank?
Xapo is a crypto bank in a sense. They are custodians of thousands if not hundred of thousands of private keys which are held by them, and it's their responsibility to keep them safe. Apparently they have an underground cold storage bunker somewhere in switzerland, we have at least picture evidence and im sure there are videos so we can assume that it's all real, im not sure if they've been audited. I would know all of these details if I was choosing them to hold my money obviously, but the idea is that they are indeed a bank. You should also look with massive detail about how much of what you are holding will they cover in case of bankruptcy. Since they are a private company, it could be that you would lose everything in case they file for bankruptcy, so have that in mind. The last part of your message only shows that Xapo is just a wallet service provider that provide services similar to a bank but not a bank. |
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Its frustrating to see such a steady stall in the crypto market post January. Seems like any price change (increase/decrease) is happening at snail pace. Any hope that this market will pick up soon in the following months?
Why are you in a hurry to see some drastic move in the price of bitcoin. The year is still very much young just 25 days into the new year and we are all concerned about what will happen in the whole year. The price of bitcoin whether its going to pick up soon or not, is not certain and everybody expressing opinions that its going to pick up are only expressing hope as no one knows what will happen in the future. So, if you are expecting to hear some positive words about you waiting till next month that its going to go all boom, you might as well be conscious that it might also go to $5000 or $1000 then you should make your decision fast. |
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137 irrelevant posts deleted in 2 days!
Post Deletion Completed (Still Open for More)
Now, I deleted over 130 irrelevant posts of mine... And I'll consider posting more constructive posts. I hope my "Red Trust" will be removed by "actmyname" I recently called it a blackmail because I don't feel like I deserve one. Seeing "red trust" on my account it makes feel and looking like a criminal here while I'll never commit any bad thing to anyone. I choose to be part of this great community, I have great friends and a reputation to maintain on this community. "Red Trust" makes me look bad in the eyes of my friends, and everyone else. Many of my friends here now will start looking at me like a criminal which I never cheated or scammed anyone. I have a legacy here which is very important to me, and I can't go on looking like a criminal. Red Trust is for the criminals that are SCAMMING people not the DREAMERS. Deleting post might not make him change his mind but what you do afterwards. He has said his mind and what will happen for him to change his ratings which is "if you begin...". However, the other part of you copying and pasting is what I would suggest you fix. Its a serious offence that attract an outright ban if caught by a mod and since you are still here, you still have time to fix that then you can move on to beginning to do the right thing which would make actmyname change the reputation he left you. My opinion though. |
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I agree that the new requirement for level up will do something to avoid the spam. However, I wonder if its advantage is greater than its negative impacts.
As everyone knows that the activity has a limitation of 14 for two weeks. Therefore most of the spam were sent not for level, but for other objectives such as airdrop.
AS of this, I think the major role of new requirement is to limit the level up of new members. may be those who have many accounts could be limited since they may hardly to level up all their accounts to member.
However, a new market of selling/buying merit will soon appear. I believe this new requirement will finally become a new way to earn money but contribute little to the improvement of community.
welcome for your idea and discussion.
I am yet to fully grasp the new merit system but it does not mean that it can be improved upon. I know as we move on in this new era, new challenges will emerge and improvement will be done but one thing is it is not expected to be perfect at the beginning like this. My suggestions is that 1. The same way there is a number of activity that you have to reach to move from one level to another, so also should there be for merit in other to move so if you have say 30 activities but not 30 merit, you are not moving to Junior member of the forum. 2. In other to then accommodate everyone, there should be a centralised thread (not the one everyone is just open threads anyhow) where you post the link of your posts, people see it, then they can review and because one individual cannot give you the entire 30 merits, you then must prove to a lot of people to get to that point. |
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(IIRC) the hashing power increased by ~20% in the last few weeks, lower transaction volume and the mempool is empty again[1]. P.S: That's a good time to move your funds to a Segwit address. Do it! [1] https://dedi.jochen-hoenicke.de/queue/#24hI actually witnessed same thing and I was surprised when I was about to login into blockchain, I didn't get the normal notification of the network is full at this moment and the likes. Then I tried sending to my surprise 1.75$ equivalent in BTC was the amount to be paid as fees for the regular option which is really surprising but I thought I was only one not knowing s lot of people want answers. I agree this is just the best time to move to SegWit as suggested by you because we don't know what might happen to the pool by next week then people use that as an excuse not to move to SegWit. This is hope that it can only get better moving to SegWit then lightning network. I would like to ask one question more: why has the hashing power increased in the past weeks?
Hash power is always increasing as more ASICs are manufactured. The supply of ASICS is the limiting factor as at today's prices mining Bitcoin will be profitable. https://blockchain.info/charts/hash-rate?timespan=2years The balancing factor is the difficulty. This adjustment occurs every 2016 blocks and the most recent one has just hapenned. The result of this is that blocks will now be found a little more slowly and fees will probably increase again over the next few days.
This is another discouraging news it means there is no time to waste.  |
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Let me be factual here. The crypto freelancing market is still very much in it's developing state and the ones available have been centralised to big communities. I can't think of any thing you want to do for crypto that is not available on the forum as at today or ask any question that someone is not ready to provide answer which answer the question why do I need to go register on another platform.
At the same time, there are a lot of other freelancing websites that caters for payment through other means e.g fiverr, peopleperhour, truelancer etc which means we are left with clients who are already aware of crypto currencies and they fall in those described above.
I am not going to discourage you as I just outline some of the challenges that might be faced , not to be filled with the expectation that immediately you do some ads or campaigns like someone have suggested, everybody just keep rolling in. It might not work that way. My opinion
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I don't understand why this attack is coming against lightning network at this time even when the tech has not fully rolled out. I have seen links that was even claiming that the fault has been discovered but what is still surprising was why all of this attacks were not coming out when the project was on testnet neither when it was being developed just now when its trying to breathe some fresh air into the bitcoin space, attacks comes from everywhere yet a lot of proponent to this are not even suggesting or making a better way to improving bitcoin.
I am not saying its all perfect for lightning network but this is a big development that is happening after a long deadlock of events. Let's see how it works then we can then examine our outputs to know areas of improvements rather than an outright FUD as I would call all this.
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Had 800$ in there >.> hit hard fam, not even so mad that it tanked and I wont get my initial loan amount back, just pissed off as all hell that their website is all fucky.
1. They waited for those cease and desist letters to accumulate.
2. They totally simulated those DDOS attacks, or if they didn't they were TERRIBLE at protection, notice how on bitconnect.co they have some ghetto home-made DDOS protection and on their new ICO they scale up with cloudflare?
3. There is clear market manipulation whenever the market is in continual downturn.
4. They refunded the initial loan amount in Bitconnect NOT bitcoin.
5. DO NOT BUY BITCONNECTX
If you're going to clean up shop do and clean a profit from everyone, just do it. Don't come up with these fake excuses and attempt to continue it on. If you bought the Bitconnectx coin I feel sorry for you, god only knows how long they'll last now that several thousands of people know they're full of shit.
warnings
The same thing that happened to you despite all of the warnings that abound on the forum and outside the forum about the pyramid scheme of bitconnect, where you were told to be lending your coins without seeing anybody borrowing or even using such funds, you were blinded by the interest on your bogus interest rate now you are playing the victim card but you choose to call bluff all of those warnings. They were even nice to have paid you in their own coin because other hard core ponzi schemes would leave without a trace. The same way someone reading this would still fall for their graphics and all of their promises but later cry foul after a while then the cycle continues. Those who will listen will hear and those who wouldn't are also reading. |
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I would be interested in the Acer computer if you can answer the following:
1. I am not resident in the United States, how will the shipping go and the estimated cost since free shipping is applicable to the US?.
2. What guarantee can you offer on the product that its working fine and do you have the receipt of original purchase to establish that you actually have the right to sell. Although you have opted for the use of escrow but that does not leave out the room for due diligence.
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IOSCO Calls for Care for ICOInternational Organization of Securities Commissions (IOSCO) calls for increased vigilance and restraint regarding the ICO. Given that the industry of digital currency has received funding in the amount of several billion dollars only in 2017, fraud has become more developed, regulatory authorities around the world do not have time to figure it out. In a statement, IOSCO members of the council agreed to take measures to "eliminate the risks associated with the initial proposals of coins" . In addition, the Council added that: ĢICO - this is a very speculative investments, in which investors run the risk of investing all your capital invested. While some providers offer legitimate investment opportunities for funding projects or companies, the increase in ICO, which are often outside the jurisdiction of the domestic investors, it raises the problem of investor protection. " More
Thee is nothing new in what they are saying that we don't already know. Every noe and then there is always one thread on the forum either asking about an ICO scam or some member warning about ICO, and even to the point of some scam accusations thread opened against ICOs. But my own concern against that, is what is their own problem? Its not their money, neither is it their economy anyone who wishes to invest understood the basic rule that he is doing do solely at his own risk without anyone to be held responsible and when the returns come, he enjoys it to the maximum extent of risk he took. Its as simple as that. |
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Reading the news is something to be happy about though but it actually sends some message and even a further anonymity being wiped away gradually in our own eyes. 1. It shows that South Korea have a major stake in bitcoin and every of their actions over there will affect the price no matter how bad that is but that is the current situation about that. 2. The mentality of my details is not known to government is to be eradicated because for banks to be fully ready to be integrated based on the article then shows that information will be synchronized and if their banking system is like ours, every bank account you own or about to open is already synchronized to you. No where to hide. Again, it means the people from South Korea should be ready for another new round of KYCs to be filled if they want to continue their crypto activities. In all, lets not rejoice because the free hand at this time is not permanent as there will still be more to come. Policies will be reviewed and tightened as we move on because government have then realize the potency of their power over crypto market. |
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I respect what he says about intrinsic value, economic moat, and whether something is under / over value.
However, I cannot but have to conclude that he is overly selfish, though incredibly intelligent and rational.
I remember he says something about the airline industry and even the IT industry (dotcom). What he says about the airline industry is that with its inherent capex, airline industry has not created any wealth for its shareholders.
The fact that Warren Buffett is so clear headed and as a matter of fact, that he is undeniable. At the same time however, he is overly cold.
Putting aside that the airline industry by itself really does not generate any / significant wealth for its shareholders, what is undeniable is airline's impact on our world. That we travel more often and the whole economy grows as a result.
The same can be said of the dotcom industry.
His donation of all his wealth after his eventual death is of course to be lauded & commended. However, that came as an afterthought.
Also what worries me even more is that before Charlie Munger became his partner he was not even concerned with Management Quality. To him, a company that is undervalued but with lousy management can still be invested upon, and good management with an overvalued company cannot be invested upon.
It is way too cold for my liking. I often tell people when I evaluate company I am also pretty much cold, I don't like to listen to reasons and results speak louder than any bullshit that they might tell me.
If I am zero degrees celcius, then Warren Buffett is -273.15 degrees celcius (0 Kelvin).
Take it or leave it, Warren is a legend and his opinion matters in the scheme of things for Jamie to have made a statement and price came crashing sometimes last year, if Warren should make a statement, he is being referred to by many economist, business leaders and even policy makers. He has paid the price to be there and lets give him that required respect. Everybody is a potential capitalist no matter the amount of econnomic orientation or ideology you belong to. Its simply how are configured. A lot of businesses have come and gone but the people who makes money out of those inventions that have shaped the entire financial world are those that were ready to take the risk. Have you read about Ellon Musk, the way these people think are out of the ordinary and they dont actually gave a damn about anyone's feeling because that is not their primary motive for going into business its purely their results that matter and that is what people want to see. Whether Warren is cold or not, its just normal because what he is trying to do is to protect his own interest same thing everyone of us will do if we are faced with situations that threaten our hegemony which is why Warren is critical of things such as crypto that could reduced his influence. |
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Market is Going through FUD of CME Contract Expiry, starting of wall street futures contracts, indian exchanges FUD and koreans rumours are in circulation, and trying
to shake the market but this is the time to not panic and to wait so market will stablize so need to be more careful.
We have seen huge developmensts in 2017 and now in 2018, more people are joining crypto space and price should start moving upward. The FUD is being spread to bring
down the price of BTC so that institutional investors/whales can buy cheap btcs from you so dont sell painic bottoms and wait for right time.
If the price goes down to 7500 to 8500 zone which not so likely to happen until big players want it to happen. Even if it does then it is expected to bounce hard!!! so watch out and always stay in profit!!!!
Event though everybody knows that now is not the time to panic, but doing it is what makes it difficult to do. I have read a thread about someone who was mocked for putting his order at $12,500 and it seems it's not going to happen anytime soon. The CMEs and the future contracts are merely academic exercise to me that does not even change the situation of things. there are times when there is a lot less action in bitcoin price. for example in weekends, or during the month of January. and with all the rallies we saw last year an accumulation phase like this was long overdue. so it is happening now.
the FUD is always there an the newbies are always there to panic too. we just have to learn how to use it to our own advantage. why not become a whale each time something like this happens? it is a 30% drop each FUD phase which means you can increase your bitcoin amount by that much each time.
I agree with this because the FUD has and will continue to be there no matter how much we all want it to just stop but rather than complaining, its just to take advantage of the situation to the maximum and 30% increase in stake within a period less than a month is surely a best deal to get anywhere. |
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after the bitcoin price drops to $ 10000, yesterday the bitcoin price rose by 8.5%, and I expect the bitcoin price will not fall again, and will slide to $ 20,000, and I think when the natural correction ends.
But today I see bitcoin down again, why this can happen? is it a bubble? how to make the hype to be stable and go back up?
You see, you are not the only one whose is faced with this amount of uncertainty and don't think others too are perfect in their prediction its just chance that it happened. I think last week when bitcoin price experience and increase and there was jubilation that the red was over, I predicted that its no time for jubilation yet as we are not fully in the green period. Even though I had tried to be modest about rejoicing, I must say it still something that is surprising that bitcoin price would take a hit after that last week recovery. What can we do to make the price go up? The answer is that at this point looking intuitively at the current happenings, its beyond us because the entrants that are encouraged by the increase in price are taking the back role and a lot of countries regulations in the past few days have not been any where encouraging to attract new investments but that does not mean price have been sentenced to doom, there is hope that things can pick up later. |
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So I registered for Revolut yesterday. It was cool at first, I topped up my account with 10 GBP, it went smooth.
But guess what? They allowed me to top-up my account and after I deposited they basically started demanding for all kind of documents.
You want to activate your cards - verification first
You want to send a bank transfer - verification first
You want to breath air - verification first
Need to mention their verification system is a brutal crap, I spend 1 hours trying to take a good photo of my passport and a selfie, promptly did it and verification failed.
Contacted the support and the slavic girl said:
"Hi there, my name is Oleksandra (Sure they are based in the UK). I'll look right into your query!
I will refer you to the appropiate team who is better suited to help you. Please be patient as they get back to you as soon as possible. Have a nice day"
SAY WHAT??? I WASN'T GIVE A CHANCE TO REPLY TO THAT AGENT AT ALL!
I manually scanned my passport (very high resolution) and took a selfie with my camera, uploaded my documents, and another "british girl" Aleksandra is demanding selfie with my passport now (they did not mention about sefie with my passport in the verification process).
I told her that I believe this company and all the hidden procedures to be a scam, and I awnt them to cancel the topup (I believe I have the right to cancel in 14 days beingin the EU).
She stopped responding to me. Quite obviously they are scammers!
I am sure Op must wished he had just taken some extra effort to have read what they have in their FAQ section which is pretty straight forward but just came on the forum to tarnish the name some people took their time to build over the years. It would even be better if he had asked for reviews from anyone who had used it before rather than calling it an outright scam and not even scam accusation. This is a further confirmation that a lot of noise about scams are actually because people chose not to read or do their research because with that in place, 60% of scams won't even occur and another 70% of false scare won't even happen. |
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Does the shutting down of US government has effect on Bitcoin Market?
If yes, is there a way to prevent such effect on Bitcoin market in future.
Shutting down of US government is just an isolated occurrence that have no relevance even to the capital markets or wall streets not to talk of the crypto market in which its economy is not based on. Come to think of it the shut down was not even long enough for other countries and the international market to start feeling its effect. The Democrats and the Republicans have made their individual points and they are ready to move forward on the impasse that they threw themselves in. Bitcoin has not grown to the point of fusing into the economies of countries entire bitcoin market capitalization is not even relevant in comparison to the GDP of my country now comparing it with the United States of over 300 million people is like over bloating our capacities which does not do any good to any one. |
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