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 Bitcoin and other Cryptocurrencies, Comprehensive guide on first page.

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Gss2k
post Dec 14 2017, 03:09 PM

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BCH all time high. It is korea koin now. Roger Ver billionaire soon. notworthy.gif

This post has been edited by Gss2k: Dec 14 2017, 03:11 PM
Gss2k
post Dec 17 2017, 05:20 PM

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QUOTE(Secruoser @ Dec 17 2017, 04:51 PM)
Latest update from Altcoin atomic swap dex:

https://blog.altcoin.io/the-evolution-of-at...ps-e33ad3af8818

Problems that atomic swap dex solves:

* No need for centralized exchange to hold private keys to your coins in order to trade. Simple analogy is like a vault door in movies where 2 person need to turn 2 different keys to open the vault door together. So your private key stays with you. If one side fails to transact, the whole transaction is cancelled, nobody loses anything.

* Interdepency from BTC. No need to convert to BTC to trade from altcoin to altcoin.

* Off-chain atomic swap is instant and virtually zero fees. Save users from high trading/transaction fees currently exist in centralized exchanges.

* Dex also means no more issues like ‘blocked from withdrawal’, losing coins due to hacked exchange, etc.

* No more KYC needed. Trading happens exactly between 2 parties and 2 parties only. Nobody else needs to know how much you trade, when you trade, who you trade with. It’s your money and your rights to decide what to do with it.

Dex is the future of crypto. For those who doesn’t know ‘dex’ is short for ‘decentralized exchange’.
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I am a user of dex, they all suck balls, expensive, slow, no liquidity, no bots operate in that environment and less crypto choices and will never be fiat gateway. Ether delta was promising when it launch untill people stated using it.

It is all over hype, also to make off-chain transaction, u have to make 3 on-chain transaction to onboard and 3 on-chain transaction to get out. doh.gif

Even Vitalik said the future for ethereum is not raiden crap, it is on-chain scaling.
Gss2k
post Dec 20 2017, 08:44 AM

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Lol scamcoin has 200k pending transaction and bch all time high thanks to coinbase. rclxms.gif
Gss2k
post Dec 20 2017, 09:11 PM

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QUOTE(ethminerlowyat @ Dec 20 2017, 09:10 PM)
EOS is a scam. 0 working product. all promise here and there, but hot air.
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laugh.gif funny
Gss2k
post Dec 20 2017, 10:23 PM

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QUOTE(ethminerlowyat @ Dec 20 2017, 09:55 PM)
yep.

so its whether you willingly enter a scam thinking u can make money or you be smart and stay out.

same case with JJPTR, most know its a scam, a fad, but all want in for a quick buck.
EOS is hyped up past few days, thats all. oh well, fool and their money are soon parted
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laugh.gif You are right smart contract is useless, ai is science fiction and robotics are just fake magic tricks. They all are ponzi scheme. laugh.gif

ps. my headhunter friend told me that all the JavaScript dev in malaysia with blockchain experience are getting snap up like hotcakes. some getting 3x gaji to move. he never seen before.

This post has been edited by Gss2k: Dec 20 2017, 10:26 PM
Gss2k
post Dec 20 2017, 10:40 PM

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QUOTE(ethminerlowyat @ Dec 20 2017, 10:33 PM)
got working product?

if not then please dont waste your energy typing. thanks.
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the 2 working product is bitshares and steemit. i guess u dont know how to read github. go to youtube and find out how people use it and what are important and not important. people are already building on it, they said at launch on mid next year, will have 1000 working apps. Most of the money they raise in the ico will go into a fund to sponsor development on the eos blockchain. The fund is projected to have more then $1 billion usd in it, more then any other blockchain.

This post has been edited by Gss2k: Dec 20 2017, 10:44 PM
Gss2k
post Dec 20 2017, 10:48 PM

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QUOTE(ethminerlowyat @ Dec 20 2017, 10:43 PM)
so Mr. EOS expert.

can you shed some light on the EOS tokens? what do they actually do?
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I dont own any eos, but i like the tech alot, i think it is a big deal and a catalysis for the next generation of technologies. the erc20 token will be used to swap for their real blockchain when it release.

Main feature will be
- reversible transaction (to counter theft and deleting of money without hard fork)
- high speed 1m tx per second
- smart contract
- free transaction (paid by inflation and cap tx based on % token ownership)

I perfer to own small cap stuff. my biggest holding now is indahash.

This post has been edited by Gss2k: Dec 20 2017, 10:52 PM
Gss2k
post Dec 20 2017, 11:07 PM

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QUOTE(ethminerlowyat @ Dec 20 2017, 10:58 PM)
ok.  so right now the token does nothing. ok
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Alot of project are unhappy with the tx limit and tx price of eth and are planning to swap. This is not a new thing. (it is address in alot of whitepaper but they still use the erc20 because of ez creation and integration with exchanges)

This post has been edited by Gss2k: Dec 20 2017, 11:08 PM
Gss2k
post Dec 21 2017, 03:10 AM

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QUOTE(willybudds @ Dec 21 2017, 01:30 AM)
How long does sending btc from luno to binance usually takes? 🤔🤔🤔
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Dont use btc. Average tx is $30 now lol. that is like RM 120
Gss2k
post Dec 21 2017, 11:24 PM

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Guide on how to make altcoin moon:

Step 1 - Spam the btc network.
Step 2 - PROFIT!!!!!
rclxs0.gif
Gss2k
post Dec 23 2017, 11:10 AM

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QUOTE(jack2 @ Dec 23 2017, 11:09 AM)
Luno's problem is not suspended by BNM. There is another issue which I can't disclose.

Take care ya
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is it solvable soon or better take business elsewhere?
Gss2k
post Dec 29 2017, 11:44 AM

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QUOTE(Ash1988 @ Dec 29 2017, 11:37 AM)
Me..moved most funds to Binance and Kucoin. Both have mobile app which is very convenient.
Can see the Kucoin app is 1 to 1 copy from Binance lol. Though its still beta version.
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I too am using kucoin as my main now tongue.gif

I found another clone, it is called bibox. lol chinese like to copy each other.
Gss2k
post Dec 30 2017, 07:35 AM

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Rumor has it telegram is doing an ico.

This post has been edited by Gss2k: Dec 30 2017, 07:51 AM
Gss2k
post Jan 2 2018, 07:30 PM

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QUOTE(wlcling @ Jan 2 2018, 07:11 PM)
Hi sifus... what coin to buy now?
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Deep brain chain looks nice. Founders all phd and a long list of clients. go do some research.

This post has been edited by Gss2k: Jan 2 2018, 07:35 PM
Gss2k
post Jan 5 2018, 04:26 PM

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deep brain chain moon. rclxm9.gif
Gss2k
post Jan 5 2018, 06:31 PM

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QUOTE(Ice BabY @ Jan 5 2018, 06:25 PM)
Guys what to exchange in kukoin? Buy dent?
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Deep brain is nice. do some research.
Gss2k
post Jan 15 2018, 11:03 AM

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QUOTE(steveraj @ Jan 15 2018, 10:51 AM)
But i dont see how they can even tax us. According to their laws, capital gains is not taxable. Forex earnings = capital gains = no tax. So i guess with crypto should be the same
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I think read somewhere, only registered stock market traders dont need to pay tax in malaysia because the government made an exception.
Gss2k
post Jan 15 2018, 11:08 AM

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QUOTE(charlescheesepie @ Jan 15 2018, 11:03 AM)
so the exchange will tax our myr withdrawals and deposits.
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If the tax are high, people will just use exchanges not based in malaysia. I have not tried but we can actuality tt money to bitfinex and others overseas exchange, they will also tt the money back for withdrawal.
Gss2k
post Jan 20 2018, 02:06 PM

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I am doing some research on tax now since i have been i crypto for long time and never cash out. When it comes to tax, lest say if u dont pay how will government detect?

They look at:
1. source of money when u purchase property and what u own
2. the stock you own and the dividend
3. source of money when u buy car
4. see if u celebrity and you pay very little
5. see if u declare donation too much

Based on this, they will investigate. So if u keep your bank account low, you will escape. The moment u buy car they will see if it is not normal and then send letter. if not happy with the explanation then they will audit and slap a stupid number to see of u can pay. I think in long run it is better to seek tax consultant and pay. Salary worker (non freelance) all pay based on income tax bracket, i doubt you will overpay your tax and feel kena con by government. I think normal freelance can escape if they don't buy car or property, they not rich anyway so government dont care. Worse case all your gain is declared as normal income when u deposit to your bank account. Extreme worse case is like in the US, every crypto movement is a taxable event.

Also, government make it an exception if u invest in stock market, u dont have to pay tax on gain. Crypto is different because money leave the country in some way or another.

I think when stock market go up, the directors and early investors will sell and reinvest the money in new startup, greatly benefiting the country. This is the trend i notice in crypto too with the ico, but it does not benefit malaysia much because those company are not based here.

This post has been edited by Gss2k: Jan 20 2018, 02:32 PM
Gss2k
post Jan 20 2018, 02:56 PM

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QUOTE(charlescheesepie @ Jan 20 2018, 02:22 PM)
wrong in your last sentence. your money won't leave the country. if you buy bitcoin from remitano or localbitcoins or luno it will still be in local bank account.
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So when u send money to an ico in russia, the money does not leave the country? does not make sense, rubbles just magically appear in their bank account? i think somehow it will reflect in the currency exchange rate. Maybe when there is price discrepancy, somebody will do the arbitrage and transfer money into other currency. I dont really know how to explain.

This post has been edited by Gss2k: Jan 20 2018, 03:04 PM

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