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1001  Other / Beginners & Help / Re: How do you securely manage and store your Bitcoin wallets? on: November 13, 2023, 10:22:29 AM
As a newbie to the crypto space I will like to ask this
~snip~

You are not a beginner, but very likely an alt account and this is a very poor attempt to fish merit - but you reminded me well to leave you feedback Angry

I understand that the population of Edo State is estimated at over 4.7 million [1], but damn, this is such a coincidence:

Username: cantsay
Gender: male
State of resident : Edo state
Skills: graphics design, web developer

Username: Dextro1
Gender: male
Country/state of origin: Nigeria/Edo State
Skill: Graphic Designer

Another almost identical case, involving another Nigerian: Usasauki2004
https://bitcointalk.org/index.php?topic=5469050.msg62938877#msg62938877

All things considered, I'd say either work buddies or an alt accounts.
~snip~
1002  Bitcoin / Bitcoin Discussion / Re: Bitcoin adaption in Turkey on: November 13, 2023, 10:08:56 AM
Time to move to Turkiye I guess lol.
Kidding aside, I don't blame your country for having a cloudy vision of what bitcoin is, hence the banning and the illegalization.
~snip~


Before you move to some promised "crypto country", I would advise you to learn to read with understanding, because then you might understand what someone wrote. OP is not from Türkiye at all, and I think that is more than clear.

Being living in the neighbours of Turkey, in the same Asian region, it hurts when I see that our government here wants to declare the use of crypto as illegal and does not think crypto is a good thing. Sometimes I think we need to migrate to a crypto friendly country.



It's fascinating to see how people react to the word "adaptation" and consider a country desirable because it has a physical crypto exchange, without even asking what the fee is for buying/selling cryptocurrencies in such exchanges. If they paid 5% or more fees, they would quickly stop liking that adaptation.
1003  Bitcoin / Bitcoin Discussion / Re: Personal data of 300K users, provided at BTC ATMs, allegedly in hacker's hands on: November 13, 2023, 09:53:33 AM
This looks like a leak of the Ledger database, only with the difference that the images of ATMs users are also included here. If we take into account that ATMs are usually the most expensive way of selling/buying cryptocurrencies, I wonder why all these users agreed to such KYC and did not use some CEX where they should still do KYC, but the fees would be many times less?

Also, considering that the company behind everything went bankrupt, is it possible that they (or one of their employees) actually sold that database?
1004  Bitcoin / Bitcoin Discussion / Re: Bitcoin OGs, Can We Please Practice What we Preach? on: November 13, 2023, 09:36:27 AM
Based on a recent incident I came across on X, I have realized that a lot of us don't actually practice what we preach when it comes to the safest way to hold bitcoins securely.

This is not a church or a sect that someone preaches here, this is a forum where Bitcoin, other cryptocurrencies and some other things are discussed. You may be speaking for yourself, but anyone who understands what Bitcoin actually is has long understood what "not your keys, not your coins" means.


I am making this thread to let us all know that nobody is safe, be you an OG or newbie, you need to get yourself a hardware wallet if you must hold your bitcoins and other crypto assets with rest of mind.

Do you think you helped someone with advice that has already been written several thousand times on this forum? Do you think that private keys on every hardware wallet are absolutely safe? What about those who don't know what clipboard malware is, or those who have no idea how to properly store their seed - or those who will share the same seed with various companies so that they can store it for them?

The hardware wallet is just a step in the right direction, but nowhere near what you imagine.
1005  Bitcoin / Bitcoin Discussion / Re: Bitcoin adaption in Türkiye on: November 12, 2023, 03:25:01 PM
I do not live in Turkey so could not know the ground reality but this vlog and this post by EFS are contradicting ones. If somehow we believe that governments does not favor the bitcoin adoption and it is illegal to use bitcoin in Turkey, then how come these bitcoin and crypto exchangers are able to open up public exchangers?
~snip~

It's strange that you don't understand that Türkiye has banned Bitcoin as a payment currency, which means that it cannot legally be used to pay for goods and services, but at the same time you can buy and sell it for fiat. The same law exists in Thailand, and this is only an indication that some countries want to ban exactly what Bitcoin represents in its idea. For me personally, any country that has such bans is extremely hostile to Bitcoin.



Turkey is very cryptocurrency friendly and it has good Crypto Adoption Index according to The 2023 Global Crypto Adoption Index: Central & Southern Asia Are Leading the Way in Grassroots Crypto Adoption.
~snip~


I have already written that I do not agree with such statements, and all these indexes and analyzes are completely useless if countries like Türkiye or Thailand are ranked so high, while at the same time you can go to prison or pay a fine if you sell or buy something for Bitcoin.
1006  Other / Meta / Re: So I had a person send me a pm to beg for merits. on: November 12, 2023, 12:10:14 PM
The person did not offer money. They just asked for some free merit.

If someone just asks merit without any further explanation, then I would personally report such a message to the administrators, if nothing else then that user should get at least a temporary ban and that way a message is sent to him that what he is doing is not something people on the forum approve of. As far as can be seen from the answers in this topic, the majority have not done anything or will not do anything, and this only encourages those who want to get the merits the easy way.

Of course, there are also users who have publicly offered to send them requests in which they then check the post history of a user and assign merit to the posts they consider worthy of it. This means that there can be two approaches of those who send such PMs, some are ordinary beggars, others still want someone to look at their post history.
1007  Bitcoin / Bitcoin Discussion / Re: Angry at the high fees? That's what everyone predicted the future will be like! on: November 12, 2023, 11:43:08 AM
I just paid nearly $70 in fees to move $300 between wallets. I have concluded within myself that I am going to avoid micro transactions as much as possible.
~snip~


Was it really necessary and inevitable that you make that transaction at a time when the fees are much higher than usual? In addition, if it is about transactions that you do between your wallets, you could put a much smaller fee and hope that the situation will improve in the coming days, and if you have the RBF option, you can always "bump fee" if you don't want to wait any longer.

In addition, the ViaBTC accelerator could also help you (if the transaction meets the conditions). Anyway, $70 to make a $300 transaction definitely doesn't make sense.
1008  Economy / Services / Re: FREE/PAY BITCOIN TRANSACTION ACCELERATOR on: November 12, 2023, 11:22:00 AM
Don't you know that you could "accelerate" your transaction without any help just by submitting it to the ViaBTC accelerator for free? I just tested it if it still works and your transaction was added successfully, and when Via finds the next block it will be confirmed.
Thanks for adding my TX. I am aware of those free accelerators, but they seem to help out only now and then since it depends on factors like network congestion etc while I found more success accelerating my transactions through this thread in comparison.

Your transaction met all the conditions set by ViaBTC and as you can see, that very pool mined that transaction. In addition, the OP also uses that accelerator, and you can check that by looking at the last transactions that he "accelerated".

https://www.blockchain.com/explorer/blocks/btc/816345



Not all transactions can be accelerated through ViaBtc
Do you think I'm not familiar with how that accelerator works? The thing is that what you do, anyone can try it on their own.
1009  Economy / Services / Re: FREE/PAY BITCOIN TRANSACTION ACCELERATOR on: November 11, 2023, 04:06:32 PM
TX: 1a18b6898d772d3b5217cff6ac72af66143bd0e30d41522f010a1e62a3a7cb9f

Don't you know that you could "accelerate" your transaction without any help just by submitting it to the ViaBTC accelerator for free? I just tested it if it still works and your transaction was added successfully, and when Via finds the next block it will be confirmed.
1010  Bitcoin / Bitcoin Discussion / Re: Angry at the high fees? That's what everyone predicted the future will be like! on: November 11, 2023, 03:32:49 PM
~snip~
So, as a conclusion or encouragement or whatever, don't be angry at the fees, they help secure the network, and this is how it was designed to be in the first place, otherwise, we would end up like Bitcoin Gold or Ethereum classic, shitcoins getting 51% attacked 3 times in a row.


I'm actually glad when the fees go up because then we see who are the ones who understand at least something, and who are the others who think that the fees should always be a maximum of $0.10, because not only is Bitcoin anonymous, but the transaction fee must always be super cheap.

On the other hand, the majority who withdraw their coins from CEXs never complain that they pay fees that are at a level even higher than the fees that happened these days - which means that they are ready to fill pockets of various crypto messiahs, but it is difficult for them to pay $2 to a miner for the transaction.

And of course, for now, we could actually start using LN rather than complaining, but that would be a solution that involves doing something!

For someone who has never used a non-custodial wallet, something like LN is a rather complicated science, and it will probably remain so for a long time.
1011  Economy / Speculation / Re: Hong Kong regulators might allow spot ETF on: November 11, 2023, 12:02:35 PM
~snip~
However, we should definitely see these nations to have potential too, Hong Kong making any ETF accepted means that they are going to be one step ahead, and if there is anything USA hates more than a nation with oil that is not attacked by them, then that is not being the first at something, that's an important thing and would make USA to be a lot faster and should be noted down. I think it is going to be an important deal for all of us, and they will certainly make it quicker if they accept, if they see this.


HK is only one city and officially that area has a name "Special Administrative Region of the People's Republic of China", and I don't see why a spot BTC ETF in that city would upset someone in the US, especially if there are already about twenty spot BTC ETFs around the world (see @Poker Player post), and one of the biggest is in Canada.

No matter how you look at it, the US is definitely not even close to being the first in this, but that does not mean that maybe they did not make the right moves when they decided to wait and draw some conclusions from the experiences of other countries. If such an ETF is finally approved in the next few months (or maybe even days), it could very easily result in the accumulation of much larger funds than all other similar ETFs around the world have.
1012  Other / Beginners & Help / Re: Motivation for Beginners, @Bitcointalk.org Users on: November 11, 2023, 11:41:12 AM
~snip~
From all indications, if I can say you as a beginner, you didn’t read newbies_ read before posting If not, you won’t be here wasting your time and people's time, claiming you knew bitcoin for couple of years ago.

It's a shame that the linked topic doesn't contain something about unnecessary quoting, because I don't see a single reason why you quoted the entire OP. Everyone who gave their answer/comment in this topic is in some way an example to the OP and others who read this, so maybe you can think about how your posts look to others who read them.



As for the doubt as to whether the OP is really a beginner or someone who is just pretending to be one, it is difficult to judge, although I am convinced that some are ready to do anything to catch a few merits. Therefore, extra care is always needed when trying to separate the legitimate ones from the bad ones.
1013  Other / Beginners & Help / Re: How to cash out the money from electrum on: November 11, 2023, 11:25:04 AM
Firstly, Electrum is not an anonymous wallet, you'll have to use a VPN and your own Electrum personal server instead of using a third-party server to connect to the BTC network or you can use just a VPN and mix the BTC.
~snip~

I don't think the OP has that kind of anonymity in mind, and even if he does, he has already exposed his IP addresses and BTC addresses with the amounts he has on them. If he would like to make an Electrum wallet that would not share such information, he should first make a setup like you are talking about, and then somehow delete the connection between the coins he has now and those that should be in the new wallet. A far better option than VPN is to use a mixer with the help of TOR.
 
Given that the OP just wants to "cash out", that would be just one additional complication that he doesn't need at this point.
1014  Other / Beginners & Help / Re: How to cash out the money from electrum on: November 10, 2023, 04:17:52 PM
What you want (I assume) is to sell your Bitcoin in exchange for cash and do it anonymously - and there are several ways to do it.

1. The first is to find someone who would do it face to face, which is of course risky, but in a public place if you judge that the person is "normal" it can be the best (cheapest) option.

2. Another way is to use one of the DEXs (decentralized crypto exchanges), but payment to your bank account or any other payment processor may mean that your tax office may get access to this information at some point. -> https://kycnot.me/

3. The third option would be to find a crypto ATM that does not have KYC, but you should know that this method is the most expensive because the fees are from 5% and up. -> https://coinatmradar.com/

4. There are online sites that sell various things directly for BTC, so you can buy something and then sell it for cash. -> https://spending-bitcoin.com
1015  Other / Beginners & Help / Re: Motivation for Beginners, @Bitcointalk.org Users on: November 10, 2023, 03:36:31 PM
@Nechiequ, someone probably already advised you, but forget about everything else and read the rules of the forum (one more and if necessary ten more times until you understand). If you had read those rules, you would know that posting multiple posts in a row is not allowed by the forum rules. You can reply to several posts in one post by adding quotes, but you can also edit the post without having to create a new one.

Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ



Ok, I understand your point of view, but that's who I am.
Believe it or not, I will still create.

It is wrong that you think that the forum should adapt to you, because it should be the exact opposite. Using AI or plagiarizing is simply wrong, and it will not lead you in the right direction. Use your brain and your words, and then no one will accuse you of doing something wrong.
1016  Bitcoin / Bitcoin Discussion / Re: Treating bitcoin as a teenager. on: November 10, 2023, 02:50:13 PM
~snip~
We are expecting too much from bitcoin in just a short time of about 13years since it's creation. By logic bitcoin is just a teenager who has not yet attained the status of adulthood like the forex market for example, yet it has penetrate and saturate the financial market (global economy) becoming the talk of the town in the internet like it has been here 50 years ago.


People talk about anything and everything, and with regard to social networks and the increasing availability of the internet even where it was not available before, it gives the impression that everyone is talking about Bitcoin, but I think that it is still something specific and depends on the country and society. It may sound strange (to you and some others), but in the global economy Bitcoin is pretty much irrelevant (for now), if we take into account any criteria - be it the value expressed in numbers or maybe the total number of people involved in some way in BTC. For comparison, the US military budget is larger than the BTC marketcap.

And this can be so discouraging for investors that planned on long term hodling with such a high expectancy. Learn to treat bitcoin like a teenager that's just coming up and still has its future ahead of it and stop the unequal comparison with other financial instruments like gold that have been around for decades.

Maybe everyone should treat Bitcoin for what Satoshi invented it for, not just a profit generating instrument? I don't want to be a hypocrite and say that Bitcoin is not a good way to store value, but we have to use it as a currency as much as possible, regardless of what some will say that the fees are too high or will find some other excuse. By the way, gold has been present among people for thousands of years, and it should not be compared to Bitcoin in the way that some persistently do.
1017  Economy / Speculation / Re: Hong Kong regulators might allow spot ETF on: November 10, 2023, 11:49:25 AM
~snip~
However, there is something mentioned in the article that implies that spot ETFs might not be as bullish as we might expect. It is mentioned that the take up on futures ETF in Hong Kong has only been modest. I assume the take up on futures ETF in America has also only been modest? Can the data on bitcoin futures ETF be used as a precedent on how strong or weak spot ETFs might be?


It doesn't make much sense to compare futures and spot ETFs when it comes to Bitcoin, because they are completely different trading methods that naturally have a different impact on the BTC price. It's no secret that futures BTC ETFs have not caused too much excitement on the market, not only because of the way of trading, but also, as far as I know, because of the costs that clients pay for such a way of trading.

It is true that spot BTC ETFs in various countries are not very successful, so it is logical to ask whether one such in the US can be an exception? I personally think it can, because other countries do not have such giants as BlackRock, Fidelity or Grayscale, and here we are talking about more than $15 trillion under management, noting that there are at least a dozen smaller companies that are interested in the same thing.

HK may be an interesting story, but everything that happens there is several magnitudes smaller than in the US. However, I must admit that they have a good environment at their ATMs - for those who need professional help, of course Smiley
1018  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 10, 2023, 11:28:23 AM
Well, it has happened. I got contacted by someone I know to pitch me on a shitcoin. That typically means the rally is about over with for now and a correction is due. Will that happen? Not sure. The first sign of a top is in for me personally though. As for my buddy, they’re betting the farm on SOL, which they also did at its peak in 2021. So I’m slightly less bullish now than I was yesterday, but long term I feel we’re still looking good.

I am going to have to respectfully disagree... I am still waiting on a buddy of mine to ask me to buy him Bitcoin again.. He's been a reliable indicator of when ATH will be in!... Predicted the last 2 ATH.

I'm sure no one will ask me anything until we hit the last ATH, and unless the SEC decides Santa Claus is coming earlier this year I don't have a feeling we'll cross $50k by the end of this year. Personally, I wouldn't have anything against such a gift under the pine tree, and I don't believe anyone else who understands that 2024/25 will be the year when there will probably be a lot of talk about Bitcoin in the mainstream media.

When someone asks me when is the best time to buy Bitcoin, I usually say that it was when you last asked me the same question. I understand people who only want to invest in the short term and make a profit as soon as possible, but I don't understand at all that they still think that Bitcoin is some kind of online fraud that can fail at any moment.
1019  Other / Beginners & Help / Re: Which wallet is safe for long term Bitcoin storage? on: November 10, 2023, 11:01:13 AM
Are there other wallets where bitcoins are most secure?
I want your opinion.

According to investopedia, Ledger Nano is one of the best Bitcoin wallets and it is their pick as the best among the Bitcoin wallets available.

You really believe everyone, and it is obvious that it is enough for someone to write something on the internet and it is automatically considered the truth.

Does that article mention the fact that the Ledger database of their users has been hacked and there are hundreds of thousands of users whose data has been posted online? Does he perhaps mention that Ledger, which for years claimed that seed/private keys cannot be extracted from their devices, now admits that it is possible and also offers some kind of service where the user pays $9.99 per month to have his seed shared with as many as three companies that will take care of it?
1020  Economy / Economics / Re: Swiss Franc become a new Cryptocurrency ;D on: November 10, 2023, 10:50:08 AM
~snip~
people will prefer the CBDC i think because its easy for commercial payment services. if CBDC are to exist on blockchain i think Swiss Franc will work like stablecoin and every country will have their own stablecoin as soon as they launch theirs. i can only assume they will be using Ether network.

Come on, what kind of nonsense are you talking about, surely the digital currencies of central banks will not rely on a private project in which the speed of their transactions will depend on how much someone paid fee at a given time. Every country that will have a CBDC will also have its own private blockchain because that's the only way it can have control over its currency.
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