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Messages - emma.lee1890

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1

The regulations are not enforced. If you find an exchange, you could choose whether you want to do the KYC or not as. In other words, It's the user's fault and there is no one else to blame.


An alternative you might ask? Face-to-face trading, decentralized exchanges, online forums such as Bitcointalk etc. so people do have a choice, they just don't wanst to make an effort.


It's definitely a risk factor though, with more people doing this and keeping their funds in exchanges like [censored], they'll soon start to consider it as a bank to keep their money safe and that defeats the whole purpose of bitcoin and crypt

2

- Despite the widespread acknowledgement of bitcoin, few respondents were directly involved with the world’s largest cryptocurrency; of those who had heard of bitcoin, 87% have had no interaction with it, which means they haven’t bought, sold, or mined bitcoin


- Approximately half (49%) of respondents said they were “Glad I didn’t buy bitcoin earlier, and I don’t plan to buy it”; 15%, meanwhile, wished they “had bought bitcoin earlier, but I feel like it’s too late now”
Relatively few people have any immediate plans to buy bitcoin, according to the survey, despite the fact that over one third (36%) of respondents believe cryptocurrency will become widely accepted


- Cryptocurrencies continue to have a stigma associated with illegal transactions, with 25% of respondents claiming that they believe most cryptocurrency transactions are for illegal purposes; an additional 19% said cryptocurrencies were used equally for legal and illegal purposes, with 17% reporting that cryptocurrencies were used more for legal than illegal purposes


- Among millennials, approximately half are interested in cryptocurrency: 48% reported being interested in cryptocurrency, with 50% claiming they were not interested

3
Bitcoin discussion / Relationship between BTC, Hash Rate, BCH
« on: December 01, 2018, 05:02:45 PM »

I'm just curious, how does a lowered hash rate contribute to a falling price of BTC? Is it specifically because a lot of miners sold their stashes after redirecting their hash power to BCH ABC, and to a lesser extent, BCH SV?


Was it this combined with other factors, say a general unease about what would happen to crypto as a whole, then snowballed because of those who were panic selling?


I'd like to hear some clear-cut theories about the relationship between a falling BTC and the shenanigans in BCH. Please, no condescending assholery or signature spampainers. I'm just putting your ass on ignore if you are either.

4
Bitcoin discussion / How do we get the women on board Asap Of Bitcoin
« on: December 01, 2018, 04:57:56 PM »

Let my first state that I think there is a difference in what would attract men and women to bitcoin. Men are more attracted to the avante garde aspect and the technological aspect, while women are more concerned with which technology works best for them now.
They want shinies, they want fast transfers, they might won over by ideology, but probably not the ideology of libertarianism. They want to use the system that their favorite site uses, and they want to use the system their friends use. This by the way probably describes how mainstream males think too.


Shinies:


Lets face it. Bitcoin, in its current state, is not shiny. To make a metaphor, it looks like a very advanced piece of technology with wires going everywhere. Contrast this with the "Apple look".
100 private keys is probably NOT the way to go. It is complicated, and ugly (it could be an option but not standard(
Proposal: One private key should be standard. It should not be in hex, bas64, or anything else ugly. One thing that could work would be a sort of dictionary encoding, where every 20 bits or whatever is mapped to a word. The word in the dictionary would have to be carefully selected to be positive, or at least neutral. If this is chosen, there should be a "generate new address", so that people could click until they found one they were satisfied with.

5
Bitcoin discussion / Blochain in the medical industry?
« on: December 01, 2018, 04:52:04 PM »
Blockchain Technology can be applied to Medical Industry as well and not only to digital or cryptocurrencies. Blockchain Technology can be used as a ledger to store important datas pertaining to almost everthing in the medical industry. The datas with the use of the same technology can be programmed so as it can be accessed by other sectors of the society, it is much better if the medical industry will use blockchain technology as a distributed ledger for everyone to have access

6
Bitcoin discussion / Simple Bitcoin Question
« on: December 01, 2018, 04:46:09 PM »
The whole market follows and depends on Bitcoin, thus Bitcoin can't pump unless something new happens. The word on the street is Bitcoin is a dead project. Will BTC death free all the markets or will BTC take down everything with it. Do people really believe that Bitcoin has a  demand from institutions with all the manipulation and no adoption going on? How do we get all the norms to demand the supply and get a bull run going again?

7
Off-topic / The Crypto-Capitalism
« on: December 01, 2018, 02:05:48 PM »
We are the bears and the bulls, the hodlers and the fodlers, the peasants of the crypto world. We are just not one thing: we are not whales. We are many, but we don't control the market. Whales are few, but they are in full control. So it seems we got our own version of capitalism: the Crypto-Capitalism, where 1% manages the rest of 99%. What do you think?

8
Off-topic / What is your idea about the future of Cryptocurrency?
« on: December 01, 2018, 01:59:26 PM »
Everyone is know that Cryptocurrency (Bitcoin) is the first to be utilized in 2008, and because of the far reaching reaction in such a brief timeframe, Specialists trust that it will before long turn into the world's budgetary instrument. There is some purpose behind the popularity of everything and Cryptocurrency has some essential highlights and due to which Cryptocurrency's future is called (green light features). The reasons are, Cryptocurrency is the most secure transactions way. With the goal that you simply don't have any superfluous data, aside from public keys. The banking framework is centralized, it very well may be effortlessly hacked by programmers, But programmers at the blockchain framework must hack into million-million blocks in the meantime and after that gain admittance to your record which is totally inconceivable. You don't need to go to a institutions to make transactions, from anyplace, you can finish the exchange whenever.

9
Off-topic / Recent Selling Outweighing Buying in Cryptocurrency
« on: December 01, 2018, 01:54:04 PM »
Pheww sigh I can't believe there is still more selling than buying at these price levels.  What is going on?  Are people still selling because of fear of Craig White and bchsv or has the difficulty in bitcoin dropped.  Investors have gone out of their minds to be selling altcoins when they are down 90 to 99 percent.

10

   
Is there a reason why Bitcoin has to be the I'm trying to think of why Bitcoin has to be the coin that lasts into the future.
The primary reason I can think is due to it being the first, and therefore it's in a way more scattered?
Any new mineable crypto could quickly and easily be overtaken by a major entity who could then potentially control the majority of it,
which would be problematic for a decentralized currency.
And a pre-mined crypto could never become the largest.


Of course due to Bitcoin being the most used and largest crypto, as well as being the #1 trading pair,
there's currently not a lot of genuine reason for everyone to transfer to another currency, even if for example speed is improved,
since to be fair, the majority of people are just holding their bitcoins and in general there's not that much need for speed at the current point in time?


However, nothing is very certain and I'd gladly hear more reason as to why Bitcoin would remain the largest.
Seeing the conflict between Bitcoin and Bitcoin Cash is really toxic for the community and adoption at a whole,
I'm not convinced why there could not be something which incorporates the best of various platforms(smart contracts, privacy etc all in one?)


It's difficult to imagine adoption on a global scale that somehow would involve using many various currencies to achieve different things,
even if there were a 'layer' on top to simplify it.


One argument I heard tho is that any up and coming crypto technology can theoretically be added into any existing crypto, so therefore,
it's hard to challenge Bitcoin, since being the largest, new technology can just be added on top, therefore making any up and coming crypto redundant?

11
Off-topic / A change for our financial systems
« on: December 01, 2018, 01:11:45 PM »

In the last fifty years we have seen the following changes in our financial systems:
 The removal of the Gold Standard - Gold Standard was monetary system that directly links a currency’s value to that of gold. In 1971 the U.S. completely severed the link between gold and the dollar. The U.S. now has a fiat money system, meaning the dollar’s value is not linked to any specific asset. Fractional Lending – this is a banking system in which only a fraction of bank deposits are backed by actual cash on hand and are available for withdrawal. Eg: if you deposit $1000 into your bank account the bank will hold $100 and loan out $900 which goes out into circulation and back into a different bank, this time $90 is held by the new bank and $810 is lent out and the cycle continues, making money out of thin air

12
Off-topic / Simple Tips Keeping Your Bitcoin from Hackers
« on: December 01, 2018, 01:05:51 PM »

We must have our own way to keep our Bitcoin safe. The account we use must have a unique password, and not easily guessed.
- Do not equate account passwords associated with Bitcoin with other accounts such as social media, because it is vulnerable to hack, let alone the followers of its social media a lot.
- Use two-factor or 2FD authentication. Additional security layers are easy to apply. Quite a few apps like Google Authenticator as a 2FD installation provider. In essence, it works as a second security layer after the password. When you've entered a keyword into your account, the system will request a two-factor authentication code. The six-digit code does not need to be memorized because it changes every 30 seconds.
- And one more, do not trust everyone. Suppose we provide information about our Bitcoin account to our Mother, it is not impossible that our mother could just tell it to someone else. With the spread of such information will increase the potential for breaking.

13
Off-topic / Our future with Crypto
« on: December 01, 2018, 12:58:26 PM »
We can all agree that having grown up with the current banking system of tangible money is familiar and comfortable. However, today rate and people are losing faith in a system that bails out the rich and leaves the the world is changing at a rapid poor to fend for themselves. People are starting to take back their power and are wanting more control over their own money - it’s time to shift your reality to the 21st Century. Can you believe that we are still living in a world where bank transactions don’t go through because it is a weekend or public holiday, what is up with that? We have the choice to move to a peer to peer (P2P) platform that can make instant transfers any day of the week.

14
Off-topic / Make Bitcoin Great Again
« on: December 01, 2018, 12:52:13 PM »
We have a lot of bad news and so much FUD lately, the prices of Bitcoin still shows little signs for recovery, some bitcoin miners stop mining and other has gone bankrupt and now is gaining a bad reputation for non-bitcoiners so potential investors are scare. But what can we do? I propose that we make a huge campaign promoting bitcoin everywhere in WhatsApp, telegram, Instagram, snapchat, facebook, emails… Lest spread only the good news and even tell your family, friends, and neighbors that now is a good time to buy bitcoin. Together we can make a positive chain reaction.

15

The next year between the 18 and 25 of April Pyongyang is going to host an International Summit of Cryptocurrencies.


The North Koreans are trying to get updated and trying to get into the digital world and the world of the cryptocurrencies, maybe they are no so far behind as we thought (for being a communist country) Yes,i assume that only the communist elite will have the privilige to use cryptocurrencies.
Perhaps they will use cryptos as a tool to bypass the international sanctions over North Korea,when it comes to financial transactions.I remember that a few bank accounts in Asian banks,that belong to North Korea were blocked a few years ago.

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