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Showing 20 of 107 results by epidose
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Board Bitcoin Discussion
Re: Crypto VS national currency
by
epidose
on 03/06/2018, 18:31:16 UTC
I found this expression on the news channel about the crypto currency: "Anyone who will try  to buy coffee for cash in 2023, runs the risk of causing laughter from the seller, that he does not use crypto currency."
how do you think, is it realistic? Can a crypto currency replace national  money?
I think that it's possible, but it will take more time.

one of those hard to say questions; thats only 5 years away. I think lots of places will definitely take crypto by then, and moreso depending on your country. However, i find it unlikely that you'd run the risk of being laughed at for paying with cash... not in the next 5 years for sure.
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Topic
Board Beginners & Help
Re: How educate yourself about crypto?
by
epidose
on 31/05/2018, 14:24:37 UTC
I learn a lot from these forums, then quite a bit from YT videos
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Topic
Board Altcoin Discussion
Re: Country that creates most ICOs?
by
epidose
on 17/05/2018, 15:00:49 UTC
Not sure that's an easy question to answer; do you mean what country has the most companies incorporated in it and then ICO?

Probably somewhere like Switzerland or Signapore.. but I'm not sure if you mean what country do the ICOs most commonly actually operate in (some our global, some our region specific)
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Topic
Board Bitcoin Discussion
Re: Consensus 2018 crypto currency conference
by
epidose
on 10/05/2018, 21:18:26 UTC
i think this is another case where people can't really speculate with any degree of certainty.. but hopefully we see a rally
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Topic
Board Altcoin Discussion
Re: ICO
by
epidose
on 02/05/2018, 16:06:46 UTC
I'm looking into a local one in my country; this is only the 3rd ICO that's been regulation/legalized within Canada so far so will be investing in that. I've met the CEO and some of the dev team and feel its worthwhile.

It's not official, so no link, but I'll edit and add when it does in the coming days.
Post
Topic
Board Speculation (Altcoins)
Re: Ripple Future
by
epidose
on 01/05/2018, 21:15:52 UTC
Ripple is used by banks for transaction and that alone will tell much on the future of ripple. It is one of the best coin on market, it has a good future ahead, i will hold my bag more to get a better profit.
Definitely the most promising aspect for me, it's already got some heavy utilization. I'm holding as well
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Topic
Board Speculation (Altcoins)
Re: in 2020 wich one will be higher bitcoin or ethereum ?
by
epidose
on 27/04/2018, 15:53:53 UTC
I think still BTC, it's got enough momentum to keep it higher overall.

but, I think ethereum may be more widespread as more projects continue to base themselves off it's blockchain
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Board Speculation
Re: BTC Price Exploding
by
epidose
on 24/04/2018, 21:11:23 UTC
always nice to stay optimistic, all we can hope for is that things continue in this positive direction
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Topic
Board Bitcoin Discussion
Re: Bitcoin - If you had the choice to vote - Commodity or Currency?
by
epidose
on 23/04/2018, 15:05:36 UTC
I voted for commodity; I did this based on the active definitions of a currency vs the definition of a commodity.

Ultimate, since BTC is technically finite, I think it has to be looked at as a commodity since its value is very much defined by market operations, and if not now, then eventually, by supply and demand.

I think it's intent is certainly as a currency, but it's current characteristics, to me, really do not align with that of a currency (not backed by a Government FIAT, not a slowly decreasing inherit value if held.

Ultimately, in it's current state, BTC almost acts a currency that is backed by a commodity, although strangely it's almost itself as the commodity too.

Bottom line though, I think that because BTC, by definition, has a finite value, it ought to always be considered a commodity (keeping in mind that commodities can easily be used as currencies).
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Topic
Board Speculation
Re: Bitcoin dream run over ??
by
epidose
on 20/04/2018, 15:15:59 UTC
Check again. We just hit the $8500 resistance earlier this day and it's still showing signs that it's not losing steam or whatsoever. The previous bull run might be planned, but serious amounts of new money flowed in due to people wanting to take a piece of the pie and also the FOMO mindset kicked in, especially when it hit $10000. Everyone thought it was sustainable still, especially those who aren't familiar with the markets, but ever since it hit $19k, no one was willing to buy bitcoin except those who are clueless on what they're doing until bam! Everything crashed. As for the regulations, I seriously don't think this will do more harm to bitcoin than good, seeing that it helps the market grow and mature.
I agree, i think there's still lots of room for growth - maybe not as explosive - but there are more people each day who are getting up to speed and investing. Apparently, here in Canada, there is a "record number" of people buying BTC day over day.
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Topic
Board Bitcoin Discussion
Re: Amazon Patent from 2014 seeks to de-anonymize crypto transactions
by
epidose
on 19/04/2018, 15:01:16 UTC
If it were true, then definitely it is a bothering and worrying news. I am going to great length to make sure I transact crypto anonymously (including using public networks as IP providers) but I am sure I make mistake here and there (I am even aware of some information leaks I did in the past) and I would hate to know that some agency is puting that information together to try and deanonymise me... I am quite sure that in spite of all my efforts, eventually they would be successful.

Feel free not to answer, but out of curiosity, why do you feel the need to go to such great lengths about covering your tracks?

I have to assume it's not necessarily related to illegal activities, but what difference does it make if (hypothetically), there is 'visibility' over you using Crypto X, y or Z to purchase a Steam game?

It is called Privacy. Why do organizations like Amazon need to know what your spending habits are and who are they sharing

that data with? Most people will say that it is for targeting advertising, but will you be satisfied if you bought sexy lingerie

for your partner or your girlfriend and every time you open your browser or some site, you get bombarded with sex ads?

Will they keep that data safe? Will that data be shared or sold to marketers?

Yea don't get me wrong, I get privacy concerns and specify exactly the risk of having more ad spams as a direct result of a patent/tech like this. Was just curious / making discussion, but I certainly don't use VPNs or public IPs when making all my purchases - although I certainly do use cash over credit card whenever possible.

And totally agree that this is borderline nefarious for Amazon to be reverse engineering anyone's spending habits as a means for their own gains, by no means do I support something like this.

Again, just open discussion as I'm trying to better understand the philosophy of people with different opinions.
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Topic
Board Bitcoin Discussion
Re: Amazon Patent from 2014 seeks to de-anonymize crypto transactions
by
epidose
on 19/04/2018, 14:05:09 UTC
If it were true, then definitely it is a bothering and worrying news. I am going to great length to make sure I transact crypto anonymously (including using public networks as IP providers) but I am sure I make mistake here and there (I am even aware of some information leaks I did in the past) and I would hate to know that some agency is puting that information together to try and deanonymise me... I am quite sure that in spite of all my efforts, eventually they would be successful.

Feel free not to answer, but out of curiosity, why do you feel the need to go to such great lengths about covering your tracks?

I have to assume it's not necessarily related to illegal activities, but what difference does it make if (hypothetically), there is 'visibility' over you using Crypto X, y or Z to purchase a Steam game?
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Topic
Board Bitcoin Discussion
Re: Bitcoin on TV - From 2016 to 2018
by
epidose
on 19/04/2018, 13:47:27 UTC
I posted this the other day, but here in Canada, we started getting Coinsquare commercials during the NHL playoffs (https://www.facebook.com/coinsquare.io/videos/1900372693320004/). Super interesting to see something so mainstream.

While it does seemingly paint the community in a shifty light, I'm not opposed to a mainstream advertised way to get the 'regular Joe' into Cryptos; also... a pretty hilarious commercial when you compare the characters to some of the users of this forum  Roll Eyes
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Topic
Board Bitcoin Discussion
Amazon Patent from 2014 seeks to de-anonymize crypto transactions
by
epidose
on 19/04/2018, 13:35:10 UTC
Hey

Did a quick search and didn't see this posted yet. Found this interesting overview of a patent that Amazon filed in 2014, a few years before they bought those domains (amazonethereum.com, amazoncryptocurrency.com, amazoncryptocurrencies.com.)

http://darkcitycrypto.com/index.php/2018/04/19/amazon-filed-a-patent-to-de-anonymize-bitcoin-transactions-and-sell-the-data-to-law-enforcement/

The article states a few use-case scenarios for why Amazon might do this, which basically summarize to being able to determine physical addresses behind crypto transactions:
Quote
The purpose here would be to combine data from different retailers and look for common points, such as a shipping address or IP logs and then start to put together a picture of the real identity of the person using Bitcoin or any other crypto currency.

Personally, I'm not sure I see a negative here (as a crypto user), other than the potential of *more* targeted ads; however, I certainly don't see how this might benefit me (or the community) in any way.

What are your thoughts? any potential red flags I'm not seeing?

Any potential positive outcomes?
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Topic
Board Altcoin Discussion
Re: Criterias for getting promoted from Newbie to Junior member
by
epidose
on 18/04/2018, 15:52:56 UTC
With the new merit system in place, it will become harder to increase in rank position. People need to give merits and then you need to reach a certain number to activate the next level.

I gave you my remaining merit points and hope your upgrade to the next level Wink
Atta boy, taking one for the team. Pass some my way too when you have more Cheesy
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Topic
Board Altcoin Discussion
Re: Should continue join ico?
by
epidose
on 18/04/2018, 15:47:12 UTC
go for it! if you have confidence in the team, product and solution, then may as well invest!
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Topic
Board Altcoin Discussion
Re: Can any other crypto replace bitcoin?
by
epidose
on 17/04/2018, 13:51:14 UTC


In terms of price, BTC isn't actually the coin with the highest of value, there's 42 coin which is expensive than BTC. But btc however is much accepted by merchants and more popular than any other coins or tokens which I don't think there is any coin popular than BTC. I have talked to some BTC investor but they didn't know Ether. A chinese in the neighborhood doesn't even have any idea what NEO is.

i think this is key; although there are faster alternatives to BTC, as well a cheaper-per-transaction offerings, BTC is the crypto that people have heard about. I think, eventually, we'll see a few mainstream cryptos, similar to how we have a few mainstream credit card companies.

Businesses will accept 3-5 crypto's, but probably not more than that. ICOs will need to find ways that people will use their coin in pretty specific industry ways (like Enjin, as an example). But ultimately, just like how your mom calls every gaming platform that will ever exist a "nintendo", some people will always ONLY associated "bitcoin" with cryptocurrencies as a whole.
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Topic
Board Bitcoin Discussion
Re: IBM Blockchain Commercial
by
epidose
on 16/04/2018, 16:25:19 UTC
I actually finally just saw a crypto commercial this weekend too, while watching NHL Playoffs. It was for Coinsquare: https://www.youtube.com/watch?v=3iipb_DvFv4

Really interesting though as I was with my family and immediately everyone starting talking about it again - which hadn't happened at a family event of mine since the Holiday season. Good to see some casual traction!
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Topic
Board Altcoin Discussion
Re: Good time to buy ICOs now?
by
epidose
on 12/04/2018, 14:46:11 UTC
Hello guys,

Do you think it's a good time to buy ICOs now?
There are so many scam ICOs this days, How to find a good ICOs?
Is it worth investing in ICOs?

No, now is not the time for invest in ICO.
Buy coins instead, because now the cyrpto market has been start to recover from the bloodbath.

I don't necessarily agree with that; there are a TON of well organized, thoughtful ICOs being funded, in full, each day.

To OP; if you want some advice on choosing an ICO to invest in, I'd personally check out a few ICO rating sites like https://icorating.com/ or https://icobench.com/ . But, ICO's are not a get rich quick scheme, and if that's your philosophy, then investing in ICO's isn't the way to do it. Personally, I try to focus on determining what the Problem is, that the ICO/developers are trying to solve.

If that's a problem that I can understand, then the product/solution of the ICO might be a good investment. But if you don't understand what it is that the ICO is even trying to do, then it's certainly not a good investment for you.

Existing/coins tokens should see some growth in the future, at least everyone on this forum is hoping so; but that's a different type of investment strategy then researching ICOs.

If you search my post history, I have a few threads regarding how to choose ICOs and one of which got a lot of great replies from the community, I encourage you to read that over to help develop your own strategy for investing in potential ICOs.
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Topic
Board Altcoin Discussion
Re: Breaking: China May Legalize ICO Soon
by
epidose
on 12/04/2018, 14:37:07 UTC
No body should take this news serious or discredit it, rather we wait and get the official communique from the Chinese government to confirm or deny thenews.But if it is true then it will really boost the price of Bitcoin in future.
Basically, this. It's interesting news, but futile to sort of try to discredit or prove the merit of this report. Either way, if people are talking about a move towards legalization of ICOs, then it's positive.