First, I see no reason why I should not be believing in Bitcoin or cryptocurrency. The potential of this whole beast has been explained to me a lot of times in my own humble research and I meet someone who expound more and convinced me some more to always be on the HODL position, are you? There is always a pot of gold at the end of the rainbow, right?



In Bitcoin and with the whole cryptocurrency market, there is a time when things are up and when things are down. Now, when things are down, the next cycle will, of course, be going up. When we reached the bottom, there is no way but up unless you are entangled in a fishing net below and in that case you call a friend for help. Just kidding, okay?



Because there are times when they have a divorce meaning movement in Bitcoin has no correlation with the many altcoins. Maybe the market is not very interested with alts for now and is on focus with Bitcoin alone but don't worry as the market is poised to expand next year there is more chance that altcoins can be benefited too...you just have to wait for it, don't lose and if you are tired then just go to a spa relax and forget about your hoard of alts even for some hours.



Just make a wish and pray. Individually, there is not much we can do except to continually holding our empire intact, never sell anything except the shitcoins and maybe add more Bitcoin so the demand can slightly increase. And if I were you, also listen to some music for some enjoyable nights.

Facebook has managed to officially sign up 21 organizations to its Libra Association following several high-profile departures from its controversial ‘cryptocurrency’ project.

According to a press release, Andreessen Horowitz, Ribbit Capital, Spotify, Coinbase, Uber Technologies, Vodafone, and Xapo are among those who signed the Libra Association’s charter.

Additionally, the Libra Association also appointed its board of directors and its consortium executive during the same meeting, held in Geneva, Switzerland.

Interestingly, Facebook will continue to play a key part in the project, as David Marcus, Calibra’s CEO and the tech giant’s former blockchain lead, is taking a seat on the five-person board.

Read more here: https://thenextweb.com/hardfork/2019/10/15/facebooks-cryptocurrency-libra-unveils-official-backers-but-its-future-is-still-uncertain/


One of the hallmarks of successful people is they give up even if they can be facing a very strong opposition from the whole world. Once they believe that what they are doing is right and there is a big future awaiting it or that they are offering something that the world really needs, they  will go for it no matter what the odds are. We have a guy like that in the person of Mark Zuckerberg, thus Facebook's Libra has to go on despite what its critics and detractors wanted to say.

I am not on the side of Mark and his minions nor am I another member of the Libra Association but even for just this one aspect alone he has my admiration. It would be interesting to watch the many developments to unfold right before our eyes in respect to Libra development and its deployment.

Come on Libra, prove your mettle right before my eyes...

Just one of the few ways anyone with the talent, time and hard work can get into and earn some outrageous sums of money in such a short of time. Ransomware is here to stay as the stakes are getting higher with the use of cryptocurrency as the tool to demand payment from the victims.

I love to hear more stories of victims turning the table against the attackers: "Last week we saw how a ransomware victim who paid Bitcoin to unlock his files took vengeance on his attackers, by hacking them right back." Maybe starting a hacker vs. hacker war can be a good idea, after all.

What are the effective ways we can avoid becoming victims of ransomware?

I am personally looking forward to viewing this coming film on Bitcoin, the people and the required resources to make the coin closer to the public hence more adoption. This documentary film is under the creative prowess of Torsten Hoffmann who gave us “Bitcoin: The End of Money As We Know It” years ago.






“Cryptopia: Bitcoin, Blockchains and the Future of the Internet” will first be shown to a group of people (crypto enthusiasts, I supposed) in Sydney, Australia Monday 21 October under the Spark Festival banner.

We can all come to Australia or better wait for the said documentary to be shown somewhere online...

I see now that you must be good at predicting things using your feelings and that can be a very good talent very usable in the world of cryptocurrency and even in the business of entertainment. Now, I still have to heard that there is somebody who claimed to be the wife or even a girlfriend of Satoshi Nakamoto so we can assume that he must have been single especially ten years ago when he started playing with and introducing the blockchain and Bitcoin. After 10 years, assuming he is still alive and enjoying a different life somewhere in the world, I would venture that he is no more single and can be married to someone beautiful, caring and talented.

I have this feeling that he must be a male, may not or maybe Japanese, he was good at computers and math I assumed and he can be aged not more than 30. From the outset, Satoshi Nakamoto was just an ordinary-guy looking but look deep inside and you can see a man full of good ideas, wild opinions and beautiful thoughts.

This is what I feel.

I could not help but quote your post sir franky1 all because I love your comparison between Pepsi and the lemonade to that of Bitcoin. Yes, I agree that we can now liken Bitcoin to that of Pepsi competing with the bigger Cocoa-Cola. Taste tests? Of course, we had that with the faucets that became popular in the early years of Bitcoin. Some similarities are very obvious, indeed.

So the war here is between Bitcoin and the fiat money (representing the traditional economic and banking systems) and just like Pepsi it is trying to gain a big part of Coke's captured market. And just like the Pepsi journey, the road to triumph is not easy and always fraught with dangers, controversies, accusations, bans, half-truth/half-lies, etc. all done to try to stymie the growth and adoption of Bitcoin.

However, since my family has now a diabetic history, maybe I would always prefer the lemonade as it can be rich in Vitamin C, antioxidants, limonene which can be acting as anti-cancer and other nutrients still have to be discovered by science. And just like Bitcoin which can be mined, we can grow our own lemons in the backyard and with enough sunshine and care we just took the time to harvest the fruits and enjoy the results of our labor and toil. So instead of the Pepsi, lemonade can be better analogy and taste good at the same time.

Now, OP should not get me wrong, I just love the Coke vs. Pepsi analogy...that is so classic and an attention catcher!

At least in the next 10 years, I see no chance for the global economy (or at least the big economies) to be switching from the fiat money to cryptocurrency or Bitcoin. And actually, there is no need for that in the same way that not all are into gold (considered as the most stable and popular asset). We just be contented that Bitcoin is doing good and slowly accepted alongside major fiat currencies because in my view we are not actually prepared yet to have one single currency the whole world will use. Just look at the complexity which Euro nations are facing because of its one single Euro currency, we don't want that problems to surface with Bitcoin.

Now, as far as inflation is concern, I think that nothing can ever stop this happening as inflation can affect all economies no matter what type one's economy is. Prices have this ability to rise even if there will be controls in place...time will eventually come when the dam could not contain the bursting energy inside. So what we have is controlled inflation with the use of many available intervention tools that the state has on its hands.

Can Bitcoin stop inflation? Many are assuming that it can since as an asset Bitcoin is deflationary but that is assuming that it got a good price (just like what we have today) otherwise it can be the opposite. With Bitcoin limited in supplies and definitely nothing more than 21 million can be minted, it is assumed that its value vis-à-vis the dollar (or any fiat for that matter) will be increasing and because of that you can buy more and not less (less as the reality with the fiat money as central banks keep on printing more).

Now, these are the complex situations, concerns and ideas on how Bitcoin will behave if it can be a global currency really in use by billions and most of our thoughts can just be theoretical as we can only learn what happened after something has already occurred.

Blockchain technology is usually ascribed to Satoshi Nakamoto because he was the one who started to make it popular around 10 years ago. Yes, there is a possibility that he is not actually the one who created its basic structure but there is no question that Satoshi perfected it, hence we are giving him all the honor and glory for this achievement. Of course, there is nothing wrong if we are going deeper and really trace the full story and origin of the blockchain because that can also be adding to our arsenal of knowledge...

Who knows in a year or two there will be a Global Blockchain/Bitcoin Quiz Show and one of us here can be a participant...we can then be able to answer this question successfully and then expound some more for the sake of the audience watching anywhere in the globe. And the pot prize: 100 Bitcoin for sure.

Anyway, I agree with another post in this thread, if you look at the way things are, it does not matter much who actually created the blockchain as Satoshi Nakamoto himself resigned from this whole thing and I guess has no intention to get a Plaque of Appreciation from us for his huge contribution to this technology we are enjoying.

There is no question that ICO is dead and that IEO is the in thing and this can go on for the next few years unless a better way can be found. On this note, however, I still think that STO remains the best...STO that is doing an IEO. An IEO just means that the crowdfunding is done in the exchange and not done by the project alone but there is still no guarantee that the project can be successful or that it will not turn into another scam, fraud or failure down the road.

There should have been no illusion here though we are assuming that big and reputable exchanges are doing their job of screening the projects they are onboarding so that scams can be controlled as much as possible. Sadly, there are and will be less reputable exchanges who are just after the money. You pay them the required fees and then you are on the go introducing the IEO wherever and whenever you want. I think the bottomline here is always business and that is what all exchanges are looking for.

The big lessons here is seems that since you own the money, it is your big responsibility to make your own research on the project and should not expect a lot of help from the exchange and all decisions you are doing are all yours to face the consequences. I dread the time when many of these IEOs would also turn red.

I am not surprised at all that it is now so easy to start an ICO project and with $50 starting cost, anybody can start the ball rolling and get people (a team) to make the project a little bit attractive and start promoting in social media perhaps first giving some free token airdrops to generate some buzz. However, I think that more and more people are already educated on how things here world and with many people who got burned in 2017 and early part of 2018, we are all discerning as to what constitute a real project and just a plain scam.

Of course, there will always be exemption to any rule or common understanding so some newbies and greedy personalities can still be enticed. This can be the reason why we always now dealing with new project under the auspices of a reputable crypto exchange -- the IEO way of crowdfunding. I already considered ICOs as dead as most people frown upon projects introduced that way. The message here is clear: No more ICOs, please.

Now, I am hoping that soon I can find a good Fiverr seller offering an IEO in a good exchange. At least, that can be better and not a bitter taste of a pill to swallow.

So this can be the reasoning behind why many regulators coming from different countries are making their strong objections to the launch and operation of Libra which is actually another stablecoin and managed centrally by Libra Association. Let's hear more:






Though nobody can be sure of the real risks a stablecoin can posed to the global economy as we still have to see Libra go into action while other stablecoins do not have the scope of influence that Libra may have, there is that pervading feeling that the possible risks can be gargantuan and can put the traditional systems and platforms on a spiral and which those in the authority could not allow happening.

Now, with this in mind, do you think these regulators are just bluffing us or is there some truth to what they say? Or, essentially, do you agree, in part or in whole, to this reasoning?

Losing hope means there is no choice but to let go especially if one is facing some financial difficulties. One of the common denominators with many Bitcoin investors especially the newbies (I am still a newbie too) is putting all they can and all they have to the table without thinking that it is not good for an investor not to diversify his exposure...this way Bitcoin has become like a big gamble to them. Well, a gamble at the right time can produce big surprises but for many of us this can be a formula to failure. Bitcoin should be viewed in the same way we think about stocks, commodities, derivatives and forex and should not be taken as having some magic wand that can bring us riches beyond our imagination.

Yes, of course, this is just another thing in the universe when the stars are aligning and there is that pull on both avocados and Bitcoin. Just another coincidence. Purely entertainment and why not? We can't be too serious here all the time so we need some avocado shake to freshen our minds and bodies. Personally, I love the taste of avocados and it has many good nutrients too categorizing it as one of the so-called "superfoods" alongside other exotic finds like açai, blueberries, pomegranate, cacao, cranberries, grapefruit and the likes. I am even planning to start my own farm maybe by next year after the bull run of Bitocin so I can have the money to buy the land and to start operation.

I heard many horrifying stories of having their wallets hacked because they used public computers or here in my country the internet cafes. As always, it is better to be safe than sorry. I never ever opened my wallets using cafes or using internet connection outside my home. No once can be too careful as there are now many ways and strategies that others are using to capture our private keys and being victimized can be one of the worse feeling one may experience. I was once a victim of phishing too so I know what I mean. I am sharing this good post on how to be safe using public computer network.

There is nothing abnormal with the timing of the release of the negative decision on the ETF application of Bitwise Investments plus this was already expected gleaming from the past decisions of SEC regarding similar applications. I am not anymore surprised with the final decision as the grounds of previous decisions remained still existing in the market.

No, this is not the end of cryptocurrency trading as the two are not really that related. Just go over Google and look for more data on the ETF for Bitcoin and you can understand what do I mean. The cryptocurrency market has not been swayed that much with this latest decision of SEC and it can mean that without or without ETF life here has to go on.

Scams are actually issues that the government should be addressing as the laws covering frauds are fairly established. Now, the problem is that we in this industry do not listen to warnings from the government and we patronize projects which are doubtful because we are enticed with the promises from the scammers. To be fair, this is not the problem of Bitcoin just like it is not the problem of the dollar if there is going to be a pyramiding scam and they happen to be using the dollar as the money to pay-in.

Just because stablecoins are pegged and backed by the dollar does not make the dollar safe from possible economic problem which can affect all the country. The big reason why many are fearful on the future of the American economy is the gargantuan debt and the continuing printing of green bucks which can mean a runaway inflation once the whole world will stop using the dollar as the currency reserve and the one used in international commerce. Now, let's not of course spread hypes here and rumors. There are now many economists warning the country of the impending doom if the old ways are not rectified. At the end of the day, debtors do not win.

Your post reminded me the very first time I saw a Bitcoin address and tell you what I was actually shocked a little to see that long line of numbers and letters right before my eyes. Well, admittedly, I am used to the way PayPal is handling this thing which means you only need an email address and that's it. Yes, it could have been better if the address is shortened especially for those who are just new...definitely there is a perceived learning curve ahead of the user just looking at the address. Let's see how DigitalNames.io can be solving this problem. I am now looking at the site to see if this can be good for me too.

I am joining your frustrations with many things that continue to hound the cryptocurrency market affecting new projects and gradually eroding the confidence of the many investors and supporters. We have to admit that things are not looking good as we are always dealing with scam projects and those who just failed big time due to many factors beyond our control and influence.

Sadly, the industry can not be giving the right solutions to these problems and it seems to me that actions from regulatory bodies may not be enough to arrest the tide of bad tidings courtesy of people who put their own selfish interest above what can be good for the projects and its believing supporters who are shelling out money putting trust on them but at the end feeling just betrayed.

There is the need to stop frauds right before they started by making sure that a project are manned by real people who are experts in their chosen fields and will really work to make sure of the project's success no matter what. I am then for strict regulation if that can take to clean this industry of its bad apples.

I am sure you are not alone with this horrifying feeling of being cheated, fooled and taken advantage of. In the past many years, there had been people who are disillusioned with the way things are with projects that were supposed to be promising, amazing and so beautiful really worthy of the support they successful y gathered...only later did the supporters learn that things are not happening are they are supposed to be. In other words, the dev team, the project management and all the rest of them behind the facade are just making a big show...a show that can be costing millions of dollars out of the wallets of hard-earned money of those who believe and lend the hand.

At the end, we might learn that the project just died a natural death due to inactivity, incompetence of the developing team or worse the project is actually a big scam right from the very beginning. I can feel your wretched stomach right now and I always extend my sympathy to people like you because I was also a part of the victims of the sweet promises of glory and triumph but instead we were left with empty promise and bags with nothing but full of air.

There is a big question nagging my mind: What should we do to teach these people a big lesson they should never forget till kingdom come?