This should be the fourth thread I'm seeing about government regulation in Bitcoin and it just shows how blindly people trust the conventional financial system. Bitcoin was created to be a decentralized system running on consensus rule, any form of government interference or regulations means it is no longer functioning as it was designed to. A second point to look at is how the conventional financial system is functioning with regulations. Favorable Government regulation is the single most important matter which can help bitcoin to fully realize it's potential. If that's not available, nothing else will be able to push bitcoin to take an important stage in global economy.
Bitcoin does not need to solve global economy issues. Bitcoin has been pretty okay this past decade or so without government regulation and would keep growing without it.
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You don't need to wait to be able to afford half of a Bitcoin, buy as much sats as you can afford now based on your income and repeat that at regular intervals. Rather than giving financial advice and making repeated threads, you should focus on improving your knowledge on how Bitcoin works, this would put you in a better financial position.
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Ok is probably trying to juxtapose both opportunities cause the forum always talks about how one should avoid centralized exchanges and particularly not use it for storage.
Knowledge of that would weigh little in a decision like what job to take, priorities would be job description, if it's a remote job and the payment structure as well as room for promotion. Majority would work for Binance cause it's a much bigger company and improves your chances of landing a future role in another similar company. This does not mean the user is encouraging people to store their fundson CEXes.
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I will not expose them to crypto as teenagers to avoid social vices.
You don't have to expose them to the Bitcoin wallets, but that doesn't limit you from exposing then to Bitcoin knowledge and financial knowledge in general. This would enable them to properly managc any amount you give to them. Also, what vices do you speak of that are precipitated by crypto in a teenager?
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Great list, especially the part of not getting complacent and trying to do everything in a hurry. If I can add something I will include;
• Not backing up your seedphrase, • Attempting to remember passwords or seedphrase by heart, • Not using an airgapped device or a hardware wallet, • Not triple checking everything.
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I want to know if its safe to keep your coins in staking instead of just holding them in a wallet when your ultimate plan is to hold for long term.
I have never been for staking coins. The mode of operation seems flawed to me if one can get extra coins from the amount of coins they lock up. In the short term, it has some economic profits by taking away coins from circulation and looking them up, reducing supply against demand, but long term it centralizes the coin as those with higher number of coins keep getting more. It also inflated the supply in the long term, which would eventually catch up with and possibly supercede demand.
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Total time logged in: 3 days, 9 hours and 48 minutes.
With about 70 days since you registered on the forum, those are not insane numbers and doesn't suggest you are addicted if we consider just the time spent. If you feel you are not able to stop using the forum when you have other engagements to attend to, then start trying to withdraw a bit, till you can decide when to log in and when not to.
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Better still between someone; who introduced and taught you about bitcoin, a friend or family member and your children who's most preferred and reliable person to give out our information about your bitcoin?
Giving someone your private keys or seed phrase cause they introduced you to Bitcoin or taught you about it is a terrible move and 9 times out of 10, they would rip you off. Trusting a friend or family depends on your relationship with them. If they've proven to be trustworthy you can give them a copy of your backup for safekeeping and as a contingency, should anything happen to you.
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Unwatching a thread does not remove it from your "Show new replies to your posts" list as they are two different forum options.
AFAIK, there's no way to remove a thread from the new reply list after you have made a reply there. Just use the watchlist to follow threads instead, as you can easily choose what to add and remove from it.
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Try telling us how many hours on average you spend on the forum, you could find out in the end that it's a similar number with the majority of forum members and not an outlier. Although addictions are personal and while your number of hours on the forum are not extremely high, it could be distracting you from necessary activities like sleeping.
I spend 4-6 hours on the forum on average and fns it more rewarding than mindlessly scrolling through social platforms and I can also easily put down the phone when I want to.
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How can a corrupt system brings a transparent regulation to the crypto space? It cannot and does not plan to. The aim of regulation is to be able to control the crypto space as the banks have done with other financial systems. I think that this regulation is a FAD, the aim behind this regulation is not about saving mankind from crypto rug pulls, I think the plan is to squeeze the life out of crypto because of the attention its getting.
Same with the save the planet narrative used to attack Bitcoin mining. It's all a means to gain more control over Bitcoin and cryptocurrencies. If anything needs regulation, it is CENTRALIZED EXCHANGES only.
Centralized exchanges are regulated by default and have to comply with the KYC and AML rules of the authorities.
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This is not a bet on the potential of Bitcoin, but a publicity stunt to attract attention and maybe grow their social media presence. I always suspect this when someone associates a ridiculous price to Bitcoin within a very short space of time.
You should also not be taking Bitcoin advice from a former coinbase affiliate.
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Include sources to reports you make in your threads for other users to read more if they want to. After a bit of research I found this link which talks about the $300 billion emergency fund and how it was distributed; https://www.pbs.org/newshour/economy/federal-reserve-lent-300-billion-in-emergency-funds-to-banks-in-the-past-weekAnother failed firm, another injection of funds to fix the problem and another hole in the balance sheet. The fiat cycle continues, however flawed the system is, it forces itself to keep turning. On the Bitcoin price it has been experiencing good movements for a while now, that cannot be pinned on any particular reason.
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You should note that Bitcoin transactions are final, while fiat transfers through different channels are not, at the time when it reflects. This makes it a lopsided comparison to make.
That aside, there has been improvements over the years to scalability, with both off chain and on chain solutions, and there would be more in the coming years, while maintaining decentralization.
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Burning some transaction fees would not trigger a surge past Bitcoin and does not particularly changed how a protocol works.
I cannot predict on the next bull run and how much each currency would change in valuation, but Bitcoin wound still be the top cryptocurrency.
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It's ironic saying banks are in crisis because of cryptocurrencies when Bitcoin was introduced during the aftermath of a bank/economic crisis, which was not the first. He was even Belgium’s former finance/fiat minister. My conclusion is that he knows nothing about crypto, and likely a bitcoin and crypto critic.
He could know a lot about crypto and about how fiat is a broken system, but doesn't want to admit that to people but would look for a soft target to blame.
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What do you mean by investment option to save up a part of your income for the future? What if the future fall within the bear market? When making an investment you do not leave a small window open for when you plan to take profits cause you cannot accurately predict when you would hit your preferred RoI. If I bought Bitcoin as an investment and plan to hold long term, I can take that to be 6-15 years. At any point within those nine years I can take profit and if an asset stays in the bear for almost a decade it's a terrible investment. Every investor and investment aim is to make more money. If we are not interested in making profit other than the save up for the future, we can save our money in banks instead.
Fiat is a terrible option for savings. Bitcoin is designed to function as a Store of value and also as an investment, it now depends on what I want to use it for.
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Tl;dr 1BTC would always be equal to 1BTC
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I think a more concerning question is “should we be worried about what we post here?”
Bitcoin is not illegal and neither are Bitcoin mixing platforms, no one should feel they are doing something shady when interacting with any of them. So, no, we should not be worried about what we post here. Of course if you're sharing illegal content and violating forum laws and government laws, such user should be worried, but others should be allowed to interact freely without limitations.
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It was so irritating that I got rid of the mobile ad blocker as I would rather have the ads all over the webpage than experiencing much slowed loading times.
If it wasn't uBlock origin that you installed then I would recommend you use it. I've bee using it for months now and have not experienced any lagging when loading a website. The risk with pop up ads is no matter how careful you are, you can inadvertently click on them, especially when on your mobile device.
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