Being used for exchange does not make a currency a legal tender. Anything of value can be exchanged for another thing or product of value which does not make it a legal tender. Bitcoin is a legal tender in world but it meant for the individual countries to accept it. If Bitcoin is not a legal tender El Salvador and Central African Republic wouldn't adopted it in the individual countries.
That is not how it works. It is governments that choose what currency to make legal tenders and not choosing from a pool of potential legal tenders which they should legalize. - Jay -
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Newbies won't really visit multiple pages in old threads. And I rarely find quoted posts also indexed by google search.
Forum search option indexes quoted posts just as regular posts but they would be attributed to the user who quoted them until you click on the message. If the OP edits all posts they made it would still be on the different archives made by users but not through a google search. - Jay -
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Happy belated birthday to one of the old heads we still have on bitcointalk. Bitcoin is the currency of the future and many around your age are still stuck on the traditional systems, even people my age too. It is an inspiration that at you were able to recognize the potential of digital assets when you were in your late sixties. So where do you think the price of Bitcoin will be when I'm a nonagenarian. There will be 3 halvings before that happens, so the price should be stratospheric.
Just under a million $. - Jay -
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Bitcoin is decentralized, no one can fully regulate it even the government.
It can be fully regulated if you are not in full control of your assets. If you do not own the private keys to the wallet that holds your bitcoin then you are reliant on them to gain access and are being fully regulated by that body. If that exchange is fully compliant with the government, they can regulate how you use your asset. - Jay -
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Since then, I started learning about Bitcoin from that elder brother and got the opportunity to learn more details from the forum by logging into Bitcoitalk with his ID.
You can use the forum as a guest and learn as much as you want to without having to log into someone else's account. You should also not encourage anyone to use your personal account but instead create one for them or let them access it as a guest. Hopefully during the Bitcoin Halving of 2024, Bitcoin will break all previous records and reach a peak price.
What is your opinion on this?
We are all hopefuls here but we do not have any instant expectations of the price. All you need is patience to hold without panic. - Jay -
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I discovered many rural areas in this countries still find it difficult differentiating Bitcoin from Ponzi schemes. In this case will sensitising people in this areas be a vain adventure following their mindset.
Misrepresenting Bitcoin is not peculiar to any region or continent. There have been top investors in the traditional finance space that have talked down on bitcoin and showed to have little knowledge of it and there are people in the most remote areas who have good knowledge of how it works. Sensitizing people about an investment is not a popular strategy, sort of like going to market real estate investment or some other form of investment. - Jay -
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It looks like this has something to do with the fact that more companies (big names) are applying for Bitcoin ETFs (Invesco, and Wisdom Tree). I usually overlook news about ETFs and the likes cause they are not directly related to Bitcoin, so it comes as a surprise that it could possibly be the reason that the price jumped by over 6% in the space of a few hours. Is this a sustainable price increases or just due to excitements which can fade away after a while? - Jay -
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There is some background to my concern. I believe that Bitcoin was created by the Central Banks as an experiment, and the 30 minute lag for payment confirmation, together with the total of 21 million coins createdwith the foundation block, were intended to ensure that Bitcoin was unsuitable to become a global currency for daily use.
"The central banks" is very vague, referring to no one in particular. If collection of banks from different countries wanted to create something like bitcoin they would not go about it the way satoshi did, it would be more the way CBDCs went but with no specific bank backing it. I do not also wait 30 minutes before transaction confirmation when i use medium priority fees. - Jay -
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Chelsea rumours are many but when you see what is happening, you have the feeling that they aren't serious. I wonder when they will start recruiting and improving the team.
The current transfer market is super crazy, being serious in this market means spending chunks of money on overpriced players. Every club has to bid wisely and not be desperate, Chelsea are learning from their mistakes in the last window where they spent huge amounts to get Mudyrk, Enzo and to loan Felix with no result in the end. The Arsenal-City rivalry for Declan Rice shows how much a player can be overpriced. Brighton would also be looking to cash out big with Caicedo this window as he has been promised he would move. - Jay -
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The fun doesn't stop here! We're gearing up to introduce a new feature that will revolutionize your gaming experience. Soon, you will have the chance to view an entire gameplay of your fellow gamers. Study their moves, understand their strategies, and elevate your gameplay. 🕹️
So you will be leveraging the skills of your top players to sell the platform as a sort of learning website where you cannot only play but learn to play. Would there be any benefit for the skilled players whose strategies you will be putting on display? Also there should be clear terms regarding this so anyone signing up is aware that they can potentially have their strategies on public display. - Jay -
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Above $25,000 is a dumping ground? Zoom out of the charts a little and realize that this is a perfectly normal dip in the market cycle, does not have anything to do with conspiracy theories. but my advise is to reduce your buying strategies and watch.
My advice; buy while the prices are low. - Jay -
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72' minutes on the clock and it is still a draw between both European Giants. The game is very tight at the moment and both teams have made some changes to try and tip the game in their favor and claim the winner before the end of regular time.
We could very well be in for a much longer night if the game remains as balanced as it is now.
- Jay -
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But in the hand of a centralize group? Bitcoin mining grows more expensive so is the Bitcoin mined per block reduce every four years This I believe would continue increasing centralization Which is somehow different from the goal of decentralization
Bitcoin mining does not grow expensive due to centralization of mining hashrate except they try to manipulate the network. What makes mining more expensive is the introduction of more sophisticated mining gear. The reduction in the number of bitcoins introduces every four years is independent of what happens in the mining sector. You said interesting changes take collaboration, does that mean there's like a group that focuses on Bitcoin core developments?
BitcoinCore [1] consists of group of developers who can suggest changes or commits on the bitcoin network and that would be voted on whether to be implemented. [1] https://bitcoincore.org/en/about/- Jay -
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Was your order filled before you cancelled it? And is this your first time using coinbase for trades?
You probably did something wrong during the process and was only able to see the cancel option, if you could post screenshots they would really help us give better responses. Jut make sure to blur anything which contains personal information.
- Jay -
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Is this forum strictly against plagiarism? then what if I quote a part of another website's sentence as a reference argument in the discussion? is it a violation?
"Quoting" something does not count as plagiarism at all. It is only plagiarism when you copy and paste a text without any reference to the original writer or any indication that it is copied, like using quote tags or "" in the text. Yes I've found that thread, I've read it but still confused by some terms, like multi sign
Multi sig indicates how many signatures are needed to sign a transaction. If you create a regular wallet, you own the private keys and can sign a transaction using it. If you create a 2-3 multi sig wallet, there are three keys and two out of three of them are needed to sign transactions, so one party cannot sign without one of the others. 2-2 is used on bisq platform where both the buyer and seller are needed to sign any transaction being made. One party cannot sign without the other. Multi sig can also be used by a single person to back up their wallets in different locations for more security. - Jay -
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I don't know if what I'm doing is right or not, but maybe I think it's the best way to start in this forum. Honestly, I'm still afraid of violating the rules and getting banned. I know there are many members who got banned, but I don't know what they did wrong
What got them banned is likely either of plagiarism or sharing malwares or ban evasion (for users that were initally banned for any of the first two reasons). If you can avoid doing any of these you have a low chance of getting banned. For the next step, maybe I will read about bitcoin wallets. I just got an electrum wallet, but I don't know what its features are yet. I thought I could learn it here for free.
There is a thread about wallets [1] you can read that would help guide your decision. Electrum is one of the most recommended choices on the forum and you cannot go wrong with it. If you have any questions about their features along the way, feel free to ask. [1] https://bitcointalk.org/index.php?topic=1631151.0- Jay -
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Since exchanges have begun blocking funds also on the basis of how “clean” they "think" bitcoins are or not, it has become increasingly dangerous to use centralized exchanges.
It has always been dangerous to use centralized exchanges and the reasons to not use them is endless. Classifying bitcoins according to how clean or not they based on their description is just another reason to hold your coins in your non custodial wallets and use decentralized exchanges. And centralized exchanges are trying to gain control over real bitcoins with their division of bitcoins, but they still won’t succeed!
They already have a fair share of control and we cannot wish that away. Only education and more veteran users promoting the use of decentralized platforms and the risks of centralized ones can help this. Also not compromising with statements like; - "You can use them, but take your funds off them as soon as possible" - "Only hold what you are actively trading" - "Use them for the sake of liquidity". And any other excuse to promote Centralized exchanges that is used. - Jay -
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Challenges of Decentralized Exchanges (DEX): ... Smart Contract Risks:
Transaction Speed and Scalability: ...
I cannot lump smart contract risks cause there are different exchanges out there, but this presents little threat compared to the risk of your coins being hacked and stolen off a centralized exchange hot wallet or being stolen by the exchange themselves. Transaction speed is dependent on the network and not the exchange. If anything decentralized exchanges gives you the liberty to determine thee you pay since you are making the trade from your personal wallet while with a CEX you will likely overpay for every transaction and cannot control it through RBF. - Jay -
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Many users here are Bitcoin maximalist from their conversations, commonly referring to altcoins as shitcoins. This belief that bitcoin is the only cryptocurrency worth holding has saved many people from buying coins that ended up running down and value and causing losses to their investors.
The important thing is to have an understanding on how bitcoin works and not 'believe' in it cause it is cool to do so and many other people are doing it.
- Jay -
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I guess they could still work for companies that pay their employees in bitcoin, companies like Stripe, exchanges etc.
That does not make bitcoin a career it is just a means of receiving payment. You cannot classify the U.S. Dollar as a career cause there are companies that pay in it. The closest to a bitcoin career would be becoming a bitcoin dev or trader. - Jay -
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