Bitcoin Forum
May 24, 2024, 12:22:59 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 [6] 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 ... 291 »
101  Bitcoin / Bitcoin Discussion / Re: OTHER NEGATIVE EFFECTS OF THE BITCOIN HALVING EVENT on: April 20, 2024, 07:53:32 PM
This is exactly where the High fees comes in because the more users are competing for the remaining Bitcoins, that means more transactions in the Chain, we already know the law of scarcity, demand and supply.
This is incorrect in different ways;

• Firstly, over 95% of the total supply has been mined and we currently have a daily trading volume of over $25 billion in fiat value. A halving to 3.125BTC is not enough to cause an instant scarcity and lead to a run in on the network to claim the few remaining coins that are available. The halving has less and less impact on supply as the time goes.

• A drop in supply does not instantly result in a rise in demand. Changes in demand happens over extended periods of time.

• No one who is looking to accumulate more Bitcoin will pay the ridiculous amount of fees that are pushing the feerate up. There are transactions paying more in fees that is being transacted.
102  Other / Beginners & Help / Re: [Question] In Regards to using translators on local boards on: April 20, 2024, 05:23:51 PM
No one will know who translates what post to what language. How can mods moderate what they cannot check? You are free to try to understand what you wish

Commenting with a translator falls under a grey area. I've seen it done with no repercussions and I've seen users punished for it. The distinction I could make was one was using it to fill their quota for campaigns.
103  Bitcoin / Bitcoin Discussion / Re: Share your previous experience that you got after bitcoin halving. on: April 20, 2024, 05:12:47 PM
The price doesn't halve, it's the block reward that gets halved every 210,000 blocks. You're right that the price increases a period of time after the halving but there's no expectation on how long the bull run will last. No one will have been able to predict that we have an ATH before the halving.
104  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Community Manager | Telegram/Discord Moderator | Content Creator on: April 20, 2024, 04:11:32 AM
Happy halving everyoneBTC
105  Other / Beginners & Help / Re: I'm new Help me Friends on: April 20, 2024, 04:09:32 AM
If I understand you correctly, you are asking what criteria you should use in giving merits to other users; It's all down to your personal discretion.
Quality is subjective to you, so take your time to read through the forum and learn from others, whichever post impacts you the most and stands out are those you should merit. I'll advice you spend little smerits at a time as you learn to use the feature so you don't max out quickly.
106  Economy / Services / Re: Upgrade00 Community Management Service on: April 20, 2024, 04:04:27 AM
Happy halving BitcoinersBTC
107  Economy / Services / Re: [CFNP] BestChange Signature Campaign | Sr Member+ on: April 20, 2024, 04:02:23 AM
There are other possibilities which could have caused the rise in fees.
One of them is a buzz about you transaction getting included in the halving block, which prompted users to pay thousands of days/vbyte in transactions and a huge spike in incoming transactions at the time, another would be ordinals that has caused fee spikes at different times in the past. Then there's runes,m which was just launched.

Whatever the case fees at this level are unsustainable for those creating them. There has been a drop in incoming txs already and in the next hours to days the fees should normalize to pre halving levels.
108  Bitcoin / Bitcoin Discussion / Re: Happy 4th Bitcoin Halving on: April 20, 2024, 03:47:05 AM
The single most important event in the crypto space has occurred. Happy post halving experience to everyone, hodl till the value of your portfolio starts to feel the increase in demand over supply.

This is my second halving as I learnt of bitcoin just after the one that happened in 2016. Two more halvings and we'll go less than 1BTC reward.
109  Other / Beginners & Help / Re: Where best to enjoy this forum... on: April 19, 2024, 09:04:45 PM
The forum by default operates on a desktop version and not a mobile so it will be better on the former but you can easily get used to either.
The new forum software should have a mobile version, so expect that for whenever that gets released.
110  Economy / Speculation / Re: When do we really note it for Bitcoin ATH on: April 19, 2024, 06:53:09 PM
We obviously declare ATH when we no longer see the price climbing up, and this is usually on the last quarter a year after the halving.
Any price which is the all time highest price in comparison to all previous prices is an ATH at the time. You only call the prices in hindsight when we are looking at the peaks and lowest of different cycles. ATHs are called at the time they are recorded.
111  Economy / Economics / Re: Also consider your mental State of health while investing for wealths. on: April 19, 2024, 06:43:15 PM
The reality of today's world is people have to give up a huge chunk of the other aspects of their life in the pursuit of wealth most times to only break even. This is true for counties with higher and lower standards of living;

• In some countries you are burdened with thousands of dollars worth of loans before you even get your first job and have to spend the next 30-40 years paying that back while trying to stay afloat wit right sing cost of living.
• In poorer countries education, health and other amenities are cheaper but of lower standards and opportunities are very few, so you still have to work 30-40 years to make a modest living.

It is almost impossible to ask people not to chase wealth aggressively. Addictive behaviours like gambling and high risk investments should be avoided at all cost, but other aspects of daily living is enough to take a toll on one's health.
112  Other / Meta / Re: Why is merit not common on trading discussion board on: April 18, 2024, 07:41:47 PM
Merit sources and members with available smerits frequent technical boards over trading discussion board. This is why there are lesser merits circulating in the altcoin section, gambling section etc.

Is there no partiality in merit giving and receiving?
Well, people can do with their merits as they wish, they can't be partial with what the can spend at discretion. Merit sources allocated to that board will be the only ones obligated to send merits there. I feel a couple more boards should have designated sources.
113  Other / Meta / Re: Post per day/ per month falling. on: April 18, 2024, 04:17:38 PM
The admin cannot do anything directly to improve activity on the forum. All through the years theymos has made little interference with the purpose of improving traffic, most of the actions has actually been to stop span which reduces activity on the forum. The community has built itself, going through adjustments in this ever evolving space.

Merits also don't increase activity, there are tons of good posts now that go unmerited. It might encourage some current members to stay on the forum, but will not bring in new users, or keep those top 2% members that pay no mind to merit.

There's something for everyone in the forum today, find your niche and ignore the boards/users which annoy you.
114  Other / Beginners & Help / Re: Benefit of non additional charge on: April 18, 2024, 01:57:27 PM
I have never used coinbase for my crypto to fiat transactions, but I have a feeling the fee is way high when converting fiat to due to those hidden slippage rates and their service fees. I prefer doing P2P, where I could even get better deals if the liquidity is high enough,
I don't use coin base so I am not certain now their fees are calculated, but I always recommend people concert through P2P, it's better for your privacy if you're using a decentralized exchange and you get much better fees.
115  Other / Beginners & Help / Re: Benefit of non additional charge on: April 18, 2024, 12:47:34 PM
If you have your own personal wallet or hardware wallet, you can always send Bitcoin to anyone at any part of the world and when the mempool is less congested, you will be paying less than a dollar for a transaction for a single input and output transaction.
For someone who is using Bitcoin to avoid paying higher fees for international transaction it is better to send them through an exchange as the receiver will be trading to their local currency on receipt of the bitcoins. It should not however be used to store funds for an extended period of time, only amounts that are being sent back and forth.
116  Other / Beginners & Help / Re: What is the bitcoin "alert key"? on: April 18, 2024, 07:11:24 AM
Is that it's only function?
Yes. It's major function was to alert all concerned of any critical situation on a particular version of the network, same way people are sent warning triggers when a natural disasters is expected to hit.

Would catastrophe ensue if an evil person got ahold of the bitcoin alert key or a copy of it?
That was possible. It was also becoming difficult to manage due to emergence of different types of wallets.

I still don't quite grasp what it is, however.
Like, is it a thing? A button? A script? Part of the software itself?
Does it have a private key? Can someone hold it in their hand or does it only exist in a state of information?
It's a private key which was given to Bitcoin core developers at the time - https://en.bitcoin.it/wiki/Alert_system
This is another reason it was stopped, cause they could give it, but not take it away. Past developers who were no longer actively working on the network still had access to it and could send a alert message at anytime without anyone knowing who exactly sent it.
117  Other / Beginners & Help / Re: Minimum requirements to send a bitcoin signed message? on: April 18, 2024, 06:51:28 AM
Do you need sats to send a bitcoin signed message? Or is the only requirement that both parties involved are using the same version of the same software?
No you do not need sats to send a Bitcoin signed message, but a Bitcoin signed message is not meant for communication, but for verification that someone is in ownership of a particular private key. Signed messages are not part of the blockchain, you have to send the message, address and signature to the other party and they verify it to be genuine.

If you want to include a text (OP_RETURN) to a transaction which will be added to the blockchain and be immutable, you'll pay fees like with all transactions.
118  Other / Meta / Re: Post per day/ per month falling. on: April 17, 2024, 02:26:59 PM
I kinda feel like this is what other early users went through in their time here. All the old OGs who helped make bitcoin and the forum what it is. Once the forum changed from what their view of it was, they left and went elsewhere.
As humans the past tends to hold a deep sentimental value to us, so things will always look better in retrospect than when we were living in that reality. This is not saying that those who feel the forum has lost its spark are wrong, no not at all. It's just an observation of how we naturally cherish memories.

We have lost many members down the road, we've gained some great ones too, but we seem to be losing faster than we get.
119  Bitcoin / Bitcoin Discussion / Re: Now that Bitcoin is no longer digital cash? on: April 17, 2024, 02:15:07 PM
If Bitcoin is not peer-to-peer electronic cash then how do you see it?
As P2P electronic cash which is precisely what it is and has always been. Meme coins and other altcoins are products of bitcoin's existence and doesn't change how Bitcoin functions. Financial institutions existed before Bitcoin but also doesn't affect how Bitcoin functions.

You probably have your head deep into the meme coin market that you think that's the reality everywhere else.
120  Other / Meta / Re: Reply without bumping? on: April 16, 2024, 09:05:50 PM
This is only possible in some boards due to changes theymos made some years back; Bumping changes on some boards.

On those boards you'll need to have some reputation for your posts to actually bump the thread up to the first page. This is not exactly what you're asking of but it helps to stop trolls and spammers from bumping up threads.

The report button is the best tool to remove spam and the trust feedback will help warn of scammers.
Pages: « 1 2 3 4 5 [6] 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 ... 291 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!