Ah. I get you. No worries, you're fine. I OTOH think his point is fair since the word "profit" in this context refers to "maximising utility for a potential user", by making transfers cheaper and faster, since it is not expected that the typical person will jump on the bandwagon for cypherpunk reasons.

I did the second report.A single word reply isn't appropriate in a post counted section, so the report was to have it removed.

I don't mind some donation though.

Leaving this here for a bit. Tether got hacked.

https://tether.to/tether-critical-announcement/

It's a demonstrable non-contentious (from a perspective of the government/financial institutions/regulators) application of a public blockchain.

You could manipulate the gas price to reduce the transaction fees. Right now the safe-send limit is around 5gwei, but assuming you do a 21gwei send with 35000 gas that's about 0.000735 ether. At today's price that's about 50 cents USD.

Which I don't think is cheap personally - transactions costing < 1 cent should be the target we should work towards to.

Yes - only Luno Malaysia. It's a local bank investigation. Just don't expect their bank accounts to be reopened anytime soon (definitely not this year).

Go to Settings - there's a currency setting where you could choose "MYR".

If it's any comfort - After the Binance upgrade I found my Ethereum deposits and withdrawals to be much slower. Used to be assigned a txid within minutes but just last night to took hours before my withdrawal was executed. So you're not alone.

Sorry that I didn't see this earlier - Ethereum Blue is simply bullocks.

Ethereum Blue made a fork of MEW+Metamask, using the owners' original logos and names. Naturally MEW+Metamask are unhappy about it and a twitter war started. Since then Ethereum Blue had always been looking for the opportunity to screw with them.

Plus it turns people's attention to their ERC20 token.

Quick correction here - MEW has to support their chain if you'd want to see how much ETZ you have (which is unlikely). Both the exchange and wallet has to connect to the ETZ chain to show the ETZ balance.

With a fork, you'll have the same number of coins carried over to the ETZ chain at the block height of the fork.

If your exchange supports the ETZ fork and you have ETH balance, the exchange should automatically credit ETZ.
If you have ETH on your own wallet (paper/hardware/parity/geth/metamask/mew etc) during the time of the fork, then you will need to import your ETH wallet on a ETZ-compatible wallet to see your balance. If ETZ grows big enough, then hardware wallets might support it.

In the end I believe what will happen is ETZ will ask for their users to manually add the chain (custom RPC) to Metamask - There is an option on Metamask to do that.
Another option is ETZ forks Metamask and creates their own EtherZeroMask with the ETZ chain as default.

Unless Metamask themselves endorses the fork and adds it as a default, it wouldn't appear.

Addendum: The same process goes to MEW.

This post has been edited by Enigmatic: Jan 18 2018, 05:00 PM

Capital gains aren't taxable. Trading as a full time job is taxable.

Usually IRB places the burden of proof on your end, and starts from the perspective that what you have is taxable. So one needs to proof that you're not trading full time.

E.g.
If I have a stable day job, with occasional low volume buy sells, and one day I withdraw a lum sum 1m MYR from selling Bitcoins - then it would be easier to justify it as capital gains.

Not tax advise though, just from experience - best to check with your tax consultant.

Look up for ACCESS Malaysia and join our Facebook page.

We do have some talented local developers in Malaysia, off the top of my head Celebrus Advisory, Blocklime, LuxTag, etc each doing their part and occasionally working fairly closely with GLCs and NGOs for blockchain adoption. Also some other really talented developers might be under the radar as some of us spend more time contributing to the open source development of blockchains, hence less exposed commercially.

There are a few incubators I am aware happening - Many still WIP so we will have to see where that goes by end of 2018.

Unless there is a sudden change in behavioural economics, there is no way a public infrastructure can be self sustaining without incentives. Public and private blockchains are being played very, very differently with many assumptions which could be made on the latter, which the same will be disastrous on the former.

As for the rest:

> I'll at best say "it depends" on the inefficient distributed database bit.
> I agree with you on the pricing and market sentiment bit.
> I disagree with the "anyone can create a blockchain" as there are more factors to success than just having expertise to create one.
> ICOs - it depends. I don't think it dilutes anything in the same sense, rather it shows how accessible and impactful a public infrastructure is (the recent borderline perverse approach to ICOs is another topic altogether however, which ties closer to the question "are people ready to handle these new possibilities to start with").

Because while you can fork a code base, you can't fork network effect and collaborative efforts.

Blockchain development is multifaceted discipline, depending on your role though. Programming is always a good-to-have knowledge, alongside knowledge of economic theories and mechanism design. Then there's also legal and community building, etc.

What's more important is to be able to catch up with things in this fast paced industry.

Oh trust me, a cartel of banks is still very limited in the sense of "network effect" and "collaborative effort" - Just look at the R3 collation, those who have access to banking, developers, global SMEs etc. Not to mention bureaucracy with decision making.

That said, if a cartel of banks decided to work together to create their own coin which improves social aspects, e.g. people's access to banking globally, I would say cryptocurrencies would have done a darn good job to have changed the status quo and have served its purpose.

Referencing to your above post from 30th May?

What if we dip more? I should publish your post on the Ethereum network so you can't turn back from it

This post has been edited by Enigmatic: Jun 13 2018, 08:23 PM

Signing in just to say this:

https://etherscan.io/address/0x00000000219a...cbe05303d7705fa

ETH2.0 deposit contract is Live.

Beacon Chain should be activated over the next couple of weeks - Estimated around December.

Journey to a production ETH2.0 just started.