Quote from: kangug24 on September 19, 2020, 12:21:37 PM

Hello to all, i just wanted to know if it's possible for a member here to be ranked down or degrade rank.

Hoping anyone who can answer.

Why are you asking? I don't see any degrade in rank and as far as I know it isn't possible here. Maybe admin has this privilege, but as I wrote I didn't see it in action.

Because i was once a Full Member here. I was inactive about couple of years ago i think.

For me, i rather choose bounty. Joining a bounty campaign is cool and not really tiring job, no hustle and also you won't spend any penny. You just have to join campaign and make the task and expect rewards when the project is successfully done.

HOT WALLET it’s a type of Wallet Accounts ALWAYS CONNECTED ONLINE.
sample, Coinbase and wallet accounts in Exchanger sample Poloneix, Bittrex, BTC-ALPHA, Binance etc.

how much secured are you using HOT WALLETS? HOT WALLETS depend on the security of an Account that they have him with security features or security option if there is a set up of google auth or any authenticator is more secured or has a hidden question, seed.
 the only tip here is to keep a big ammount on hot wallets because it’s still a type of wallets.

and COLD WALLETS. I just sample it HARDWARE WALLETS. These are wallets that are touching. or offline wallets Like TREZOR.IO at LEDGER NANO.

How much secures are you using COLD WALLETS? because it’s stored OFFLINE and is handled by HARDWARE WALLETS it does not block any HACKER. And they have him with security features. The only weakness of these Hardware Wallet is to misplace it so we keep the Hardware Wallets.

what else do you think you can add to this information?

Google announced it is pulling cryptocurrency mining extensions from its Chrome Web Store April 2 after “90%” failed to comply with its rules.

In a blog post, extensions platform product manager James Wagner said that the move was in response to analysis of malicious “cryptojacking” present in extensions.

The term refers to when users downloading an extension of any sort unwittingly start mining cryptocurrency without their consent.

“Over the past few months, there has been a rise in malicious extensions that appear to provide useful functionality on the surface, while embedding hidden cryptocurrency mining scripts that run in the background,” Wagner claims.

While formerly allowing cryptocurrency mining extensions that mined as their sole purpose, Google will now ban new candidates from entering the Web Store and remove existing ones by June.

Only one in ten extensions involved in mining adhere to Chromium’s policies on disclosure, according to Wagner.

“Unfortunately, approximately 90% of all extensions with mining scripts that developers have attempted to upload to Chrome Web Store have failed to comply with these policies, and have been either rejected or removed from the store,” he adds.

June also marks the start of Google’s other, more controversial cryptocurrency-related ban, that referring to cryptocurrency advertisements, which will disappear from Google Adwords.

SOURCE: https://cointelegraph.com/news/google-bans-crypto-mining-extensions-from-web-store-after-90-disregard-policies

What is Decentralized Exchange?

A decentralized exchange is an exchange market that does not rely on third party service to hold customer’s funds. Decentralized exchanges also do not store any coins or private keys on central servers. Thus, hackers have to work significantly harder to track down these assets and the passwords which protect them. Trades here occur directly between users (peer to peer) through an automated process. Participants of a decentralized network have the power over their funds instead of a central authority. The promise of trustless decentralized exchanges is taking the middleman out of the picture altogether thanks to automation. Multi-signature escrow measures and proxy tokens are but a few of the ways such trustless is achieved.
©️ Credits to Cryptocompare.com

Pros:
• User control their own funds
• Anonymous
• No hack for central server
• No risk of server downtime
• No personal documents to apply or register

Cons:
• Not easy to use (not for beginners but you can explore)
• Basic exchange features of currency for a predetermined value
• Low Liquidity
• Some exchanges require users to be online in order for an order to be listed and for the trade to take place.

List of Decentralized Exchange:
https://www.airswap.io
https://www.altcoin.io/
https://barterdex.supernet.org/
https://bisq.network/
https://bitshares.org/
https://changelly.com/
https://xcpdex.com/
https://wallet.crypto-bridge.org/
https://etherdelta.com/
https://idex.market/
https://mercatox.com/
https://oasisdex.com/
https://openledger.io/
https://shapeshift.io/
https://token.store/
https://beta.wavesplatform.com/

⚫ What is Centralized Exchange?

A centralized exchange is a website that handles the trading of bitcoin to fiat or other cryptocurrencies. An exchange’s purpose is to allow you to trade BTC for fiat currency and to other cryptocurrencies (like litecoin, eth, etc, ripple, xmr). Intermediaries such as companies act as middle men in order to facilitate trading on their platform. In exchange for providing this service, intermediaries collect trading fees. In essence, centralized exchanges often act as the first point of contact for newcomers that are interested in trading cryptocurrency. Many individuals seek to have an interface that can connect them to both cryptocurrency trading and the real economy, and centralized exchanges provide that.
©️ Credits to mycryptopedia.com

Pros:
• Advanced Features
• Easy to use (beginners can easily cope up)
• Advanced Tools
• Liquidity

Cons:
• Exchange network control the funds
• Personal Information and documents are required (for some features)
• Can be face with downtime servers
• Can be easily have some hacking attempts

List of Centralized Exchange:
https://www.bibox.com/
https://www.binance.com/
https://www.bitfinex.com/
https://www.bitstamp.net/
https://bittrex.com/
https://www.bit-z.com/
https://cex.io/
https://cobinhood.com/home/
https://www.gdax.com/
https://gemini.com/
https://hitbtc.com/
https://www.huobi.pro/
https://www.kraken.com/
https://www.kucoin.com/
https://www.livecoin.net/
https://localbitcoins.com/
https://www.poloniex.com/
https://radarrelay.com/

There are four kinds of bitcoin investors, which are you here?

1. The investor who is informed.
These are the investors who thoroughly research/research. They look at the whitepaper of cryptocurrency, browse multiple threads of Reddit threads, check the credibility of founders/founders, and the “disturbing” platform or app’s “disruptive” abilities.
Investors who know, also know how to read the change of crypto coin in the trading market. Know when to buy, sell, or even “hoddle”. In short, these are the kinds of investors who are conducting their study time before investing.

2. The investor who is misinformed.
Misinformed investors are the people who think investing in bitcoin is an easy way to make huge amounts of money. They thought that trading bitcoin and other cryptocurrencies would bring them income without any effort.

3. The speculator.
The speculator “speculates” the flow of trade and the cryptocurrency’s future in terms of money.

4. The gambler.
The name speaks all of this. Players want to try their luck. Think of it like a slot machine, put a penny on it.

Several people believe that bitcoin was a blessing and it was an opportunity
for everyone but not everyone shares the sentiment. From central banks and other finance company, Bitcoin’s list of detractors runs for a very long time and gone so deep.But most of the government around the world seeks for the regulation of bitcoin.

Be due to fear,ignorance and protectionism, governments have a tendency to legislate against perceived threats.Countries such as japan protects its citizens to have free trade of the digital currency.But unfortunately not all countries embracing the change of our technology.In some cases citizens have had their assets seized,accounts got frozen and have been locked up, Government can’t stop the blockchain from propagating, but they can stop their people in having access to it.

STOP THE BITCOIN!!
Like banning drugs,alcohol and other stuffs banning bitcoin sounds nonsensical and unforceable.That’s the exact case in five countries:

1.Bangladesh
2.Bolivia
3.Ecuador
4.Kyrgyzstan
5.Nepal

It was recently reported in https://news.bitcoin.com/bitcoin-illegal-in-nepal-police-arrest-seven-individuals-for-trading-operations/
that there were dozens of bitcoin and crypto enthusiasts get imprison seemingly guilty of little more than operating a small-scale bitcoin exchange.

Meanwhile Ecuador has outlawed bitcoin, nit because they opposed this crypto but because they want to regulate and control it and tether it with the Ecuadorian dollar.An Electronic money designed to operate ad support monetary scheme dollarization.Completing the naughty list of countries that have banned bitcoin is Kyrgyzstan, a tiny landlocked state in Central Asia,
And Bangladesh banned bitcoin, it was 2014 where Bangladesh bank stated that anyone that will be caught using such online currency could be jailed mostly because it’s about “MONEY LAUNDERING”.

this was already an old news for updated list

https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

Do you know some other country that banned bitcoins?

Before you start mining, the price you pay for power under 10 cents is decent. 20 cents a kwatt is very hard. 5 cents is really good. So if you have cheap power. How much do you have?
And how tolerant of noise are you? I could sell you a used 1080ti waterblock rig for about 3500 usd with Six 1080tis. It would earn 9 bucks a day.

It would be quiet and use about 1200 watts. That is about three a day in power cost. So six profit x 600 = 3600

It is paid off In 20 months and the cards have 27 months on warranty.

What’s your idea about this?