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Topics - chayskie04

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Cryptocurrency discussions / Difference between BTC and ETH

« on: August 27, 2018, 04:31:19 PM »

We understand that as a beginner it might be difficult to differentiate between different cryptocurrencies so we will try to give you a brief summary of Ethereum in comparisson to Bitcoin and what sets them apart.

Bitcoin was the first cryptocurrency that was developed and it is the longest running most well-known digital currency. Vitalik Buterin, the founder of Ethereum, found that the bitcoin protocol was lacking in the sense that it did not give users the ability to program on top of the blockchain. As a result of this alot of developers would be required to create their own blockchain to meet their needs. In other words, Vitalik saw the demand for a general purpose blockchain that could be used as a decentralized application platform and created the whitepaper for the Ethereum platform.

Ethereum allows for the creation of smart-contracts which means you can program contracts with various complex conditions that are able to enforce themselves. As to the economic model of Bitcoin in comparisson to Ethereum, this differs in that Ethereum has a static blockreward that will not change over time in contrast to bitcoin of which the blockrewards halve every four years. There are also more technical differences between the two cryptocurrencies but the basic philosophy behind Ethereum is that it will allow for more modern applications to be coupled to the platform with more ease.

Off topic / Dapat pa bang pagkatiwalaan ang mga Pinoy?

« on: August 22, 2018, 03:33:17 PM »

Kapag pera na pinag-uusapan nag-iiba ang ugali ng isang tao. Nasa nagdadala kasi yan or gumagawa ng ikasisira niya. Yung iba kasi mas gusto ng easy money ayaw nila yung pinaghihirapan. Kaya nga Trust No One, pero nasa tao parin naman yan. Maging matalino na lang tayo sa lahat ng bagay para maiwasan ang ma-scam dahil ang masamang budhi gagawin lahat makuha lang niya ang gusto niya.

Philippines (Tagalog) / Hard Fork, bakit hindi natuloy?

« on: August 20, 2018, 03:32:52 PM »

If we are talking about Segwit2x, kasi wala naman totoong developer, wala din software o client (meron lumabas ng 2000 nodes pero lahat nasa Amazon web services) ... at walang consensus, at ... walang kwenta..

So ngayon ... meron hard fork ng ibang hard fork, pero ibang usapan na yon.

Ingat kayo sa pera nyo. Kung gusto mo safe, wag pansinin ang ibang alts, unless alam nyo ang ginagawa nyo.

Philippines (Tagalog) / Meron bang grupo ng Filipino Entreps dito na ginagamit ang crypto sa business?

« on: August 20, 2018, 03:25:28 PM »

Gandang araw sa inyo mga brad,

Kung wala pang grupo ng mga business minded people dito na interested gawing currency sa business model nila ang Cryptos. Let me know! Reply lang kayo sa section. Thanks!

Puwede tayo magsimula sa

NEO
ADA
LTC

Di ko alam sa BTC dahil nga masyado mabagal, pero kayo ano sa tingin niyo? Paano ba natin papaikutin ang sistema?

Cryptocurrency discussions / It is hard to detect scammed bounty campaign...

« on: August 20, 2018, 03:19:27 PM »

It is really hard to detect scammed bounty campaign. After completing all the requirements to be able to get accepted in a bounty campaign, spending much time to participate in forums and not to mention carrying their banners, completing all the tasks and reports then all of a sudden you will just find out that you have been scammed already. Luckily I am not the only one but to think all participants did the same efforts as well as you did. But it is really happening, lesson learned and could be just charge it to experience and move on. If we could only find out at early stage if we were in to scam or a legit bounty campaign. Anyways who would really know?

Cryptocurrency discussions / Favorite Coin for 2018?

« on: August 20, 2018, 03:13:11 PM »

The most potential coin in my thought is DBC, because it is backed by a strong team, including CEO and 2015 winner of Shanghai’s computer industry ‘Innovative Figures’ award, Feng He. They also have a robust list of clients, including Siemens, Samsung, and Microsoft. Also, in 2017, DBC was awarded first prize in the Harbin Institute of Technology’s “man-machine dialogue evaluation”, beating more than 30 Chinese AI teams.

Cryptocurrency discussions / what causes the price of altcoin down?

« on: August 20, 2018, 03:09:37 PM »

It caused by the bearish trend of crypto, the bearish trend was created by the bitcoin itself. And the bitcoin gets big dump by mtgox trustee worth about 35k bitcoin and 35k bitcoin cash. That's why the market was dying. This looks a good time at least you can buy altcoin with discount. But just try to watch the japan news. There is remaining amount of bitcoin worth 161k bitcoin again. But the court will try to manage it.

Bitcoin Forum / Why does bitcoin have value?

« on: July 17, 2018, 04:02:12 PM »

Bitcoin has gained such a high value due to its high demand and its demand has increased high as people found it to be worth the investment as its supply is limited and it being totally out of the reach of the hands of government. Also people found it that it could not be hacked by anyone unless we reveal the private keys of the wallet in which it is stored.

People are already fed up with government's currencies which are subject to deflation and also as bitcoin earrings could not be taxed directly, most people found it as a safe haven unwilling to pay the huge percentage of taxes.

Also payments could be sent to anyone at low transaction fees and so when people found a bunch of useful factors in a single currency, they just didn't want to miss it.

Bitcoin News & Updates / Russia to Criminalize Bitcoin Use..

« on: July 17, 2018, 03:58:13 PM »

Russian president Vladimir Putin is a bitcoin skeptic who wants cryptocurrency regulations in place “by July 1," according to the official government publication Parlamentskaya Gazeta.The regulations are part of the Digital Assets Regulation Bill, which is expected to set guidelines for cryptocurrency use in Russia.

Separately, the Russian Ministry of Finance plans to introduce a law that will criminalize the use of cryptocurrencies as money substitutes.Elvira Nabiullina, head of the Bank of Russia, said she and the Russian Finance Ministry oppose the use of virtual currencies "as private money and money surrogates,” saying only the ruble can be used to pay for goods and services, Bitcoin.com reported. "There is the ruble, and everything else is a surrogate," she said. Nabiullina said the move to criminalize the use of bitcoin and other digital currencies as money substitutes is to protect the Russian ruble. "This is necessary to protect the ruble as the single legal [means of] payment in Russia," she said.

https://www.investopedia.com/news

Bitcoin Forum / Is CHINA CONTROLLING Bitcoin?

« on: July 17, 2018, 03:54:38 PM »

People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.

Do you think that China is controlling/ruling bitcoin yes or no?

Balita Cryptocurrency / Banko Sentral ng Pilipinas is Recognizing the BTC and Cryptocurrencies

« on: July 17, 2018, 03:52:09 PM »

BSP already made a regulation for BTC pwede pa tayo magpa-assists sa kanila kapag nagkaroon tayo ng problema regarding cryptocurrencies ([email protected]). Napakagandang mapanuod ito na kahit maraming malalaking Central Banks sa buong mundo ang takot sa capabilities ng BTC ang BSP ay gumagawa pa rin sila ng ways para makatulong sa ekonomiya ng pilipinas.
ikaw kabayan? anong masasabi mo tungkol dito?

http://news.abs-cbn.com/business/10/16/17/bitcoin-use-grows-in-philippines-regulators-flex-muscle

Philippines (Tagalog) / Payag ba kayo bawat puntahan mo na mall o kaya tindahan bitcoin na ang bayad?

« on: July 17, 2018, 03:47:30 PM »

Alam natin na malabong mangyari ito dahil unang una parang binago na rin nila ang currency natin dito sa Pilipinas. Bukod dun hindi lahat ng mamamayan natin dito sa Pilipinas ay may alam sa pagbibitcoin. Ang bitcoin ay isang digital currency paano na yung mga matatanda na hindi alam gumamit ng technology. Isa pa maraming proseso ang kakailanganin bago pa matupad ito lalong lalo na sa ating gobyerno at isa pa walang nakakaalam kung hanggang kailan mag eexist ang bitcoin at hindi naman lahat ay interesado sa pagbibitcoin karamihan parin sa kanila ay may alinlangan sa bitcoin. Kahit na ganito maging positibo pa rin tayo sa pagtatrabaho dahil ang totoo walang nakakaalam kung ano ang mangyayari bukas makawala.

Cryptocurrency discussions / Rise of the Altcoins!

« on: June 25, 2018, 03:03:23 PM »

Today marks the Rise of the Altcoins...and here is why:

Here's the math..FACT:

On 1/13/2012
Litecoin difficulty: 0.65
Litecoin price: $0.02/ltc (0.003 btc/ltc)
Bitcoin difficulty: 1,250,757.74
Bitcoin block reward: 50 btc
Bitcoin price: $6.5/btc

Look at Any altcoin being traded for over 3 months.. they are all @ difficulty of 1-4...
Now have fun doing the math and finding out how undervalued all of the altcoins are...

And the best part is that most people have not noticed these insane low prices... more and more gpu miners are switching from LTC to Altcoins... the math proves it... Look on http://www.coinchoose.com/litecoin.php all are about 200M/H or higher..
Let me make this easy for everyone any coin with a market cap of under $1,000,000 usd and is traded in LTC is worth taking a look at: http://coinmarketcap.com/

You would be a fool to not own 1000 of any of these coins...
IMO have 1000-100XXX of them all...

Now some are litecoin clones, but some are innovative. Those coins are the real deal right now.

Cryptocurrency discussions / Cryptocurrencies will succeed...NOT BITCOIN

« on: June 25, 2018, 03:00:55 PM »

First even if bitcoin tries to succeed and become super main stream where say a billion people are using it instead of fiat, it technically cannot handle the transactions it will implode upon itself. Yea yea they will fix it and code a fix, it's been 5 years still waiting. For them to even implement a fix they need to rework the architecture from the ground up. 2 years+ to find a solution and by then bitcoin will be dead. These fixes should of been done years ago in anticipating for high demand. Not when the Dam is about to burst.

Now the real reason bitcoin was created. It wasn't made to become the most powerful currency in the world. It was created to condition people to accept digital currencies and money. If you guys think the governments don't know what they are doing with it you live in a fantasy world. The worlds governments which are run by small secret cabals know everything they are doing. This was the reason JFK was assassinated he revealed them to the world a week before he was killed. To hear his speech:

Now once people have been conditioned, the rulers of the world will start converting their physical fiat systems into digital crypto currencies. It's the same system just digital which gives them power to control it more, 0% anonymous system where everything is recorded.

Once this has been achieved everything will merge into a global government with a one world digital currency ruled by antichrist in the most perfect dystopian dictatorship.

Bitcoin Forum / How would bitcoins for businesses work?

« on: June 25, 2018, 02:55:11 PM »

How would you use bitcoins for a business if someone who has access to the company's wallet is able to just take it and drain it without anyone knowing?

Say Walmart starts accepting bitcoins, they pay for new stores with bitcoins, pay vendors, pay for merchandise, etc.

Their accountants are writing checks, keeping track of purchases etc.

If one of the accountants decides to just write himself a check for a buttload, there is a paper trail and the person is prosecuted.

If Walmart is using bitcoins, the accountant takes the bitcoin wallet, makes a copy, takes it to the nearest library and uses it to send to hundreds of new bitcoin addresses of his own, and he is rich.

How is this prevented?